Daily Current Affairs Highlights and Quiz | 26 August 2023

Staying updated with the latest happenings around the world is crucial in this fast-paced era. From national and international affairs to economy, sports, and environment, every event impacts our lives in one way or another. To help you stay informed, we have compiled the key highlights of the current affairs from August 26, 2023. This includes important events, appointments, and developments from various sectors. Additionally, we have created an engaging quiz to test your knowledge and understanding of these current affairs. Let's dive in and explore the events that shaped the world on this day!

National Affairs

The Defence Acquisition Council (DAC) approved proposals worth Rs 7,800 crore to enhance the operational capabilities of the Indian Armed Forces. The Inland Waterways Authority of India (IWAI) and Numaligarh Refinery Limited (NRL) signed a Memorandum of Understanding (MoU) for the export of petroleum products via National Waterways (NW)-2 and Indo Bangladesh Protocol Route (IBPR).

International Affairs

The 27th edition of the Malabar Naval Exercise was held off the Australian coast, involving the Indian Navy, United States Navy, Japan Maritime Self Defence Force, and the Royal Australian Navy. The Securities and Exchange Board of India (SEBI) mandated additional disclosures from Foreign Portfolio Investors (FPIs) with concentrated holdings in a single company or group firm.

Banking & Finance

The Reserve Bank of India (RBI) approved the voluntary amalgamation of Twin Cities Co-operative Urban Bank with Kranti Co-operative Urban Bank. Muthoot Fincorp launched "Muthoot Fincorp ONE", an all-in-one digital financial platform.

Economy & Business

Quinag Acquisition (FPI) Ltd sold its entire stake in Manappuram Finance Limited for Rs 1,177 crore. The 69th National Film Awards were announced, with "Rocketry: The Nambi Effect" winning the Best Feature Film award.

Appointments & Resignations

Infosys signed a partnership with tennis icons Rafael Nadal and Iga Świątek as brand ambassadors for digital innovation.

Science & Technology

The Indian Navy successfully undertook the maiden test drop of the Search and Rescue Kit (SARK) from the Boeing P-8I long-range patrol aircraft.

Environment

The "State of India’s Birds 2023" report revealed that 60% of bird species in India have declined over the past 30 years.

Sports

Norwegian Grandmaster Magnus Carlsen won the FIDE Chess World Cup 2023. The United World Wrestling (UWW) suspended the membership of the Wrestling Federation of India (WFI) due to lack of elections in the organisation.