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Current Affairs 22 August 2023

Current Affairs 22 August 2023

  • The Ministry of New and Renewable Energy (MNRE) has recently introduced a well-defined Green Hydrogen Standard. This standard establishes specific emission benchmarks for hydrogen production that falls under the ‘green’ category.
  • Amid the escalating occurrence of devastating wildfires, attributed to the intertwined effects of human-induced climate change and disruptive land management approaches, a recent study explores California’s past during the Pleistocene epoch. This era was characterized by significant climate fluctuations and the Earth’s most extensive extinction event in over 60 million years.
  • The Reserve Bank of India (RBI) has launched a pilot program to assess the viability of a ‘Public Tech Platform for Frictionless Credit’. This initiative aims to enhance the efficiency of credit delivery by lenders for credit appraisal, ultimately promoting financial inclusion in India.
  • Significant defense agreements between India and Russia, notably the S-400 Deal, are currently encountering uncertainties due to multiple factors, including the ongoing conflict in Ukraine and challenges related to payments.
  • Axis Bank has revealed the introduction of two lending products that utilize the capabilities of the Public Tech Platform for Frictionless Credit, established by the Reserve Bank Innovation Hub.
  • Indian Navy’s fifth Kalvari class submarine, INS Vagir, will reach Fremantle, Australia on 20 Aug 2023.
    INS Vagir will participate in various exercises with Royal Australian Navy (RAN) units on the West Coast of Australia.
  • Russia’s first lunar mission in decades has suffered a setback, as its Luna 25 spacecraft crashed into the moon’s surface. This unfortunate incident, disrupting Russia’s space aspirations, occurred after the communication with the robotic spacecraft was disrupted.

Also Read : Current Affairs 21 August 2023

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