Daily Current Affairs- 23 October 2023

Today's Current Affairs 23rd October 2023

NATIONAL

India will Host World’s Largest Textiles Event, Bharat Tex 2024

• The upcoming Bharat Tex 2024 Expo, scheduled to take place from February 26-29, next year.
• Bharat Tex 2024 Expo has been conceived as the largest textile fair in the world in terms of exhibition area.

Govt will Invest ₹30,000 Crore to Expand Crop Insurance Portal Coverage

• The government has unveiled plans to allocate ₹30,000 crore to enhance the Pradhan Mantri Fasal Bima Yojana (PMFBY) portal.

About Pradhan Mantri Fasal Bima Yojana:

Launched: 18 February 2016; 7 years ago

Ministry: Ministry of Agriculture and Farmers Welfare

Prime Minister(s): Narendra Modi

 OBITUARY

Legendary Spinner and Former Indian Captain, Bishan Singh Bedi Passes Away at 77

• In 1976, Bedi was appointed captain of the Indian cricket team.
• In 1970, Bishan Singh Bedi was honored with the Padma Shri, one of India’s highest civilian awards.

 APPOINTMENTS AND RESIGNATIONS

Ashok Vaswani to Succeed Uday Kotak As New CEO Of Kotak Mahindra Bank

• Ashok Vaswani, a seasoned international banker with a remarkable career, is set to take the chair as the Managing Director and Chief Executive Officer of Kotak Mahindra Bank.
• In the interim period, the board of Kotak Mahindra Bank appointed Dipak Gupta as the Chief Executive Officer for four months. Uday Kotak, despite relinquishing his role as CEO, continues to serve on the board as a non-executive director.

About Kotak Mahindra Bank:

Founder: Uday Kotak

Founded: 21 November 1985

Headquarters: Mumbai

AWARDS AND RECOGNITION

CJI Chandrachud Honored With “Award For Global Leadership” By Harvard Law School

• Chief Justice of India (CJI) DY Chandrachud, an distinguished alumnus of Harvard Law School, was bestowed with the prestigious ‘Award for Global Leadership‘.

 BANKING AND ECONOMY

NLC India Green Energy Limited to Boost India’s Green Energy Capacity

• NLC India, a Navratna public sector company, has unveiled its latest venture into the renewable energy sector.
• NLC India Ltd. 1956 - The Corporation was incorporated as a private limited company on 14th November, by the Government of India.
• HDFC Bank Unveils XpressWay Digital Platform for Swift Loans

About HDFC Bank:

Founded: August 1994, Mumbai

Headquarters: Mumbai

Key people: Atanu Chakraborty; (Chairman); Sashidhar Jagdishan; (CEO)

RBL Bank Introduces GO Savings Account

About RBL Bank:

Headquarters: Mumbai

Founded: 14 June 1943

Key people: R. Subramania kumar; (MD & CEO)

RBI Imposes ₹2.5 Crore Penalty On L&T Finance For Non Compliance

• The Reserve Bank of India (RBI) has recently taken regulatory action against L&T Finance Limited by imposing a monetary penalty of ₹2.50 crore due to non-compliance with specific provisions of the Non-Banking Financial Company.

About RBI:

Governor: Shaktikanta Das

Founded: 1 April 1935, Kolkata

Founder: British Raj

Headquarters: Mumbai, Maharashtra, India

About L&T:

Headquarters: Mumbai

Founders: Henning Holck-Larsen, Søren Kristian Toubro

Founded: 7 February 1946, Mumbai