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- Which of the following points is “Incorrect” with respect to the Cabinet Approval in September 2023?
1) The Union Cabinet approved the extension of Pradhan Mantri Ujjwala Yojana (PMUY) 2.0 for release of 84 lakh LPG connections over 5 years from Financial Year 2023-24 to 2027-28.
2) The Union Cabinet has approved the eCourts Project Phase III as a Central Sector Scheme spanning 4 years (starting from 2023 onwards) with financial outlay of Rs.7210 crore.
3) The Union Cabinet approved the MoU which was signed by the Ministry of Electronics & Information Technology(Meity) of India and the Ministry of High-Tech Industry of the Republic of Armenia in June 2023.
4) The Union Cabinet also approved another MoU which was signed between the Meity of Government of India and the Ministry of Information, Communications Technologies, Utilities and Energy of Antigua & Barbuda in June 2023.
5) The Union Cabinet has passed a resolution to commemorate the success of the 18th G20 Summit, hosted for the first time by India in New Delhi from September 9th to 10th, 2023.Answer-1) The Union Cabinet approved the extension of Pradhan Mantri Ujjwala Yojana (PMUY) 2.0 for release of 84 lakh LPG connections over 5 years from Financial Year 2023-24 to 2027-28.
Explanation:
The Union cabinet chaired by Prime Minister(PM) Narendra Modi has approved the following proposals on 13th September 2023.
• The Union Cabinet has passed a resolution to commemorate the success of the 18th G20 Summit, hosted for the first time by India in New Delhi from September 9th to 10th, 2023.
• The Union Cabinet approved the extension of Pradhan Mantri Ujjwala Yojana (PMUY) 2.0 for release of 75 lakh LPG (Liquefied Petroleum Gas) connections over 3 years from Financial Year 2023-24 to 2025-26.
• The Union Cabinet has approved the eCourts Project Phase III as a Central Sector Scheme spanning 4 years (starting from 2023 onwards) with financial outlay of Rs.7210 crore.
• Approval of MoUs between India and 3 other Countries: The Union Cabinet approved the Memorandum of Understanding (MoU) which was signed by the Ministry of Electronics & Information Technology(Meity) of India and the Ministry of High-Tech Industry of the Republic of Armenia in June 2023.
• The Union Cabinet, chaired by the Hon’ble Prime Minister approves the signing of Memorandum of Understanding (MoU) on 12th of June 2023 between the Ministry of Electronics and Information Technology of the Republic of India and the Ministry of Information and Communications of the Republic of Sierra Leone.
• The Union Cabinet also approved another MoU which was signed between the Meity of Government of India and the Ministry of Information, Communications Technologies, Utilities and Energy of Antigua & Barbuda in June 2023.
• The Cabinet Committee on Economic Affairs(CCEA) approved the Foreign Direct Investment (FDI) proposal for foreign investment in M/s Suven Pharmaceuticals Limited,a public limited Indian pharmaceutical company listed on the National Stock Exchange(NSE) Limited and the Bombay Stock Exchange Limited(BSE) of India. - Which Indian Institute of Technology (IIT) has recently (in Sept ‘23) signed an MoU with ICICI Bank to support the startup ecosystem?
1) IIT Madras
2) IIT Guwahati
3) IIT Kharagpur
4) IIT Kanpur
5) IIT IndoreAnswer-4) IIT Kanpur
Explanation:
The Indian Institute of Technology (IIT), Kanpur in Uttar Pradesh(UP) has signed a Memorandum of Understanding (MoU) with the ICICI Bank Limited to support the startup ecosystem to provide the Startup Incubation and Innovation Centre (SIIC) IIT Kanpur.
i. The partnership offers a comprehensive support system to early-stage ventures.
ii. Under this MoU, IIT Kanpur and ICICI Bank will facilitate joint efforts to equip startups and innovators at the SIIC with essential tools and knowledge.
iii. ICICI Bank helps innovators, incubatees, and students at IIT Kanpur with pre- and post-transaction compliance while engaging with Private Equity (PE) and Venture Capital (VC) support. - Name the bank that has recently (in Sept ‘23) received approval from the Reserve Bank of India (RBI) to convert I-Process Services (India) Private Limited (I-Process) into a wholly-owned subsidiary.
1) HDFC Bank
2) ICICI Bank
3) YES Bank
4) Axis Bank
5) IndusInd BankAnswer-2) ICICI Bank
Explanation:
The Reserve Bank of India (RBI) has approved ICICI Bank Limited to convert I-Process Services (India) Private Limited (I-Process) into a wholly-owned subsidiary, subject to specific conditions.
• ICICI Bank’s Board members already approved the proposal in February 2023.
• The estimate cost of conversion is Rs 15.40 crores (subjected to finalisation)
• ICICI Bank currently holds 19% stake in I-Process. - Which Insurance company has recently (in Sept ‘23) launched a Secure Earnings & Wellness Advantage (SEWA) Plan”, combining the benefits of health and life insurance under a single plan?
1) Max Life Insurance
2) Bajaj Allianz Life Insurance
3) ICICI Prudential Life Insurance
4) Bharti AXA Life Insurance
5) Tata AIA Life InsuranceAnswer-1) Max Life Insurance
Explanation:
Max Life Insurance Company Limited has launched a new insurance plan “Max Life Secure Earnings & Wellness Advantage (SEWA) Plan” that combines the benefits of health and life insurance under a single plan.
• It allows the insured to fulfill the healthcare needs of their family while simultaneously ensuring a financial backup for future expenses.
• It integrates health, protection, savings, and wellness benefits for the insured and offers a comprehensive plan that covers hospitalisation, Intensive Care Unit (ICU) charges, etc. along with life cover.
• SEWA Plan is available in 2 variants namely: Elite Variant and Lite Variant. - Which company has recently (in Sept ‘23) signed an MoU with Small Industries Development Bank of India (SIDBI) to offer an easy financing option for Micro, Small & Medium Enterprises (MSMEs)?
1) Suzlon Energy Limited
2) Tata Power Solar Systems Limited
3) ReNew Limited
4) Azure Power Global Limited
5) NTPC Green Energy LimitedAnswer-2) Tata Power Solar Systems Limited
Explanation:
A Memorandum of Understanding (MoU) was signed between the Tata Power Solar Systems Limited (TPSSL), and Small Industries Development Bank of India (SIDBI) to offer an easy financing option for Micro, Small & Medium Enterprises (MSMEs).
• TPSSL is the wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL) while TPREL is a subsidiary of Tata Power.
• TPSSL and SIDBI will encourage solar energy adoption among MSMEs by offering customized financing solutions through SIDBI’s 4E (End to End Energy Efficiency) Scheme.
• The initiative aims to reduce CO2 footprints and contribute to India’s clean energy goals. - Name the Indian personality who has been recently (in Sept ‘23) honoured with Chevalier dans l’Ordre des Arts et des Lettres (Knight of the Order of Arts and Letters) by the Government of France.
1) Sabyasachi Mukherjee
2) Ritu Kumar
3) Manish Malhotra
4) Tarun Tahiliani
5) Rahul MishraAnswer-5) Rahul Mishra
Explanation:
The Government of France has awarded the “Chevalier de l’Ordre des Arts et des Lettres” (Knight of the Order of Arts and Letters) to the Indian Fashion Designer Rahul Mishra. The award recognises his achievements in the field of arts as a designer, and his commitment to promote Indian crafts and know-how internationally.
i. The award also honours his contribution to the cultural relationship and cooperation between France and India.
ii. On 12th September 2023, Emmanuel Lenain, Ambassador of France to India, presented the insignia of the award to Rahul Mishra at a special ceremony at the Residence of France, New Delhi, Delhi. - In September 2023, KKR & Co. Inc. (Kohlberg Kravis Roberts & Co) is set to invest Rs 2,069.50 crore into Reliance Retail Ventures Limited (RRVL) to raise its total equity stake to ___________ from 1.17% on a fully diluted basis.
1) 2.09%
2) 1.73%
3) 1.42%
4) 1.50%
5) 2.14%Answer-3) 1.42%
Explanation:
The global investment firm KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is set to invest Rs 2,069.50 crore into Reliance Retail Ventures Limited (RRVL) to raise its total equity stake to 1.42% from 1.17% on a fully diluted basis.
i. This investment will translate into an additional equity stake of 0.25% in RRVL on a fully diluted basis.
ii. The investment is at a pre-money equity value of Rs 8.361 lakh crore (around USD 100 billion). - Which company has recently (in Sept ‘23) signed an MoU with the Indian Space Research Organization (ISRO) and Indian National Space Promotion and Authorization Centre (IN-SPACe) to support space-tech innovations through cloud computing?
1) Amazon Web Services India
2) Google Cloud Platform
3) Oracle Cloud Infrastructure
4) IBM Cloud
5) Microsoft Azure IndiaAnswer-1) Amazon Web Services India
Explanation:
Amazon Web Services (AWS) India Private Limited has signed a Memorandum of Understanding (MoU) with the Indian Space Research Organization (ISRO) and Indian National Space Promotion and Authorization Centre (IN-SPACe) to support space-tech innovations through cloud computing.
i. Cloud computing provides speedy handling of enormous numbers of raw space data as well as the execution of Artificial intelligence (AI), Machine learning (ML) and analytics workloads to achieve meaningful results at a low cost. - In September 2023, Indian men’s football team won the South Asian Football Federation (SAFF) U-16 Championship 2023 title by defeating ___________ (country) in the finals held in Thimphu, Bhutan.
1) Bhutan
2) Nepal
3) Maldives
4) Bangladesh
5) PakistanAnswer-4) Bangladesh
Explanation:
Indian Under 16 (U-16) men’s football team won the South Asian Football Federation (SAFF) U-16 Championship 2023 title defeating Bangladesh (2-0) in the finals. The 2023 SAFF U16 Championship was held from 2nd to 10th September 2023 in Changlimithang Stadium in Thimphu, Bhutan.
• 2023 SAFF U16 Championship is the 8th edition of the SAFF U-15/U-16/U-17 Championship, the annual international football competition contested by the national teams of SAFF members(India, Nepal, Bangladesh, Bhutan, Maldives, Pakistan).
• This marks the 5th title of India in the SAFF U-15/U-16/U-17 Championship.
• With this India became the most successful team of the tournament with 5 titles (U15 title in 2017 & 2019; U16 title in 2013 and 2023 and U-17 title in 2022). - When was the Hindi Diwas (Hindi Day) 2023 observed across India?
1) 12th September 2023
2) 14th September 2023
3) 11th September 2023
4) 13th September 2023
5) 10th September 2023Answer-2) 14th September 2023
Explanation:
Hindi Diwas (Hindi Day) 2023 was observed across India on 14th September 2023 to commemorate the adoption or declaration of Hindi, written in the Devanagari script as one of the official languages of India.
• This day is observed to celebrate and recognise the linguistic diversity of India, with a focus on the Hindi language’s significance in India’s identity.
• The first ever Hindi Diwas was observed on 14th September 1953.
i. The Department of Official Language under the MHA introduced an award scheme named ‘Rajbhasha Gaurav Puraskar Scheme‘, to encourage writing books originally in Hindi and to promote the official language.
ii. The Department of Language also introduced the award scheme ‘Rajbhasha Kirti Piraskar‘, to encourage the implementation of the official language.
- Which of the following points is “Incorrect” with respect to the Cabinet Approval in September 2023?
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