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Important Current Affairs for CLAT-16th October 2023

ICICI Bank Introduces ‘iFinance,’ A One-Stop Solution for Multi-Bank Account Access

ICICI Bank has recently launched ‘iFinance,’ a revolutionary feature that is set to change the way millions of customers, including retail clients and sole proprietors, manage their finances. This innovative service empowers customers to consolidate their savings and current accounts from multiple banks into one convenient location.

The ‘iFinance’ feature is available through ICICI Bank’s digital platforms, including the iMobile Pay app, Retail Internet Banking (RIB), Corporate Internet Banking (CIB), and InstaBIZ, the Bank’s mobile app designed for businesses.

A Unified View of Finances

Siddhartha Mishra, the Head of Digital Channels at ICICI Bank, expressed his excitement about the launch of ‘iFinance,’ stating, “With the launch of ‘iFinance,’ we are enabling our customers as well as customers of other banks to view their account data in one place and provide them better control over their finances.” This cutting-edge facility provides customers with a consolidated view of their various bank accounts, offering unprecedented ease of access to financial information.

Key Features of ICICI Bank’s ‘iFinance’

  • Linking and Viewing of All Accounts: Users can securely link their savings and current accounts from multiple banks and view account balances in one place. This unified view simplifies the tracking of account balances and helps users make informed financial decisions.

  • Summary of Income and Expenditure: ‘iFinance’ provides a comprehensive summary of income and expenditure. Users can gain valuable insights into their financial health and track their spending patterns with ease.

  • Track Spending and Payments: This feature allows users to track their spending and offers category-wise information about their expenses. The ability to categorize and analyze expenses helps individuals better manage their financial health.

  • Complete User Control: ‘iFinance’ offers increased convenience by allowing users to link and de-link accounts in real-time. This level of control empowers users to adapt to changing financial needs.

  • Detailed Statements: Users can download consolidated account statements for all linked bank accounts, providing a comprehensive overview of their financial transactions.

Revolutionizing Banking with Enhanced User Control and Accessibility

By providing a unified view of customers’ finances across multiple banks and offering a range of powerful features, ICICI Bank is empowering users to take control of their financial well-being like never before. This is a significant step towards making banking simpler, more accessible, and ultimately, more user-friendly.

NTPC Becomes The Only Indian PSU To Feature In Forbes “World’s Best Employers 2023” List

India’s largest integrated energy conglomerate, NTPC Limited, has achieved a remarkable distinction by being named one of the “World’s Best Employers 2023” in the Forbes World’s Best Employers list, which was officially unveiled on October 10, 2023.

NTPC’s Global Ranking

This prestigious recognition places NTPC at the 261st position among the top 700 companies globally and highlights its exceptional commitment to fostering a positive work environment and employee-centric practices. Notably, NTPC Limited is the sole Indian Public Sector Undertaking (PSU) to secure a place on this distinguished list.

Forbes World’s Best Employers List

Forbes, a globally renowned business publication, releases its World’s Best Employers List annually, following rigorous independent market research. The primary objective is to identify the top 700 companies worldwide that excel in offering a stimulating workplace environment characterized by opportunities for training and career growth, attractive employee benefits, a strong employee-centric approach, and a commitment to workplace diversity. To compile this prestigious list, Forbes partnered with the reputable market research firm Statista, adding an extra layer of credibility to the evaluation process.

NTPC’s Inclusion on the List

NTPC’s inclusion on the Forbes World’s Best Employers List 2023 underscores the company’s commitment to a progressive “People before PLF” (Plant Load Factor) approach. This unique approach revolves around placing employee well-being and development at the forefront of its operations, ensuring that the needs of its workforce are paramount. NTPC has consistently strived to align its people practices strategically with the evolving requirements of the business.

Key Factors in NTPC’s Success

Several key factors have contributed to NTPC’s recognition as one of the world’s best employers:

Continuous Process Improvement: NTPC has demonstrated excellence in the development and management of its Human Resources by implementing continuous process improvement measures. This focus on refinement and enhancement of HR practices has contributed to the creation of a dynamic and employee-centric work environment.

Caring and Engaging Workplace: NTPC places a strong emphasis on creating a caring, learning, and engaging workplace. This commitment is evident in its efforts to foster a positive, collaborative, and supportive work culture that allows employees to thrive and contribute effectively to the organization.

Employee Well-being and Care: The company’s dedication to employee well-being is commendable. NTPC has established comprehensive programs and initiatives that cater to the physical, mental, and emotional well-being of its workforce, reinforcing the idea that its employees are its most valuable asset.

Meaningful Employee Experience: NTPC has adopted a “People before PLF” philosophy that ensures the needs of employees come first. By strategically aligning people practices with business needs, the company has created a meaningful and collaborative employee experience that leads to increased job satisfaction and productivity.

Agility and Future Readiness: NTPC’s progressive people policies and interventions have made its workforce more agile and future-ready. The introduction of contemporary Performance Management systems, continuous assessment, focused learning and development initiatives, and transparent Career Development & Succession Planning Systems have been instrumental in building an enabling and engaging culture unique to NTPC.

NTPC’s Pioneering Commitment to Employee Well-Being

This accolade not only highlights NTPC’s excellence in human resources management but also its dedication to employee well-being, development, and creating a culture that aligns with the best practices of leading global companies. As the only Indian PSU to feature in the Forbes list, NTPC’s achievement stands as a testament to its pioneering approach and its continued commitment to being a world-class employer.

First Ever Mobile Tower Installed At Siachen Glacier By The Indian Army

The Siachen Glacier, known as the world’s highest battlefield, has witnessed a groundbreaking development with the installation of a mobile tower. The Fire and Fury Corps of the Indian Army, in collaboration with Bharat Sanchar Nigam Limited (BSNL), achieved this remarkable feat, bringing enhanced mobile communication to soldiers deployed at elevations exceeding 15,500 feet. Union Minister Devusinh Chauhan shared the noteworthy achievement on the social media platform ‘X’.

The Historic Installation

The “Siachen Warriors” in partnership with BSNL erected the first-ever BSNL Base Transceiver Station (BTS) at forward posts in the Siachen Glacier region. This strategic installation promises to bridge the communication gap for the soldiers stationed in one of the harshest terrains on Earth. The aim is to enhance the well-being of the courageous soldiers who protect the nation in this perilous setting.

A Lifeline for Soldiers

The installation of a mobile tower at Siachen Glacier is a monumental development that can’t be overstated. The soldiers stationed at this extreme high-altitude battleground face incredibly harsh conditions and isolation due to its remote location. The extreme cold and isolation have made it nearly impossible for these soldiers to stay connected with their loved ones back home. The presence of the mobile tower now changes the game, providing a much-needed communication channel for the brave souls who serve in this unforgiving terrain.

A Boost for Soldier Morale

The installation of the mobile tower is not just about convenience; it’s also a significant morale booster. In an environment as challenging as Siachen, where soldiers endure extreme cold and hostile conditions, the ability to make phone calls and send messages to their families can provide immeasurable emotional support. It helps the soldiers maintain vital connections with their loved ones, offering a source of motivation and relief from the extreme stress associated with their service.

The Technical Challenges

The Siachen Glacier’s unique conditions posed immense technical challenges for the installation of the mobile tower. Not only is it the highest battleground in the world, but it’s also covered in ice and snow throughout the year. The extreme cold, high winds, and difficult accessibility created a hostile environment for the installation team. BSNL’s engineers had to design and build equipment capable of withstanding these harsh conditions to ensure uninterrupted communication for the soldiers.

A Testament to Indian Army’s Dedication and Collaborative Spirit

The establishment of the first-ever mobile tower at Siachen Glacier is a testament to the unwavering dedication of the Indian Army and the collaborative spirit between the military and BSNL. This achievement will undoubtedly enhance the quality of life for the brave soldiers who serve at this high-altitude battlefield, allowing them to stay connected with their families and loved ones.

CM Hemant Soren Unveils ‘Juhi’ Mascot for Women’s Asian Champions Trophy 2023

In a vibrant ceremony at Project Bhawan in Dhurva, Ranchi, Jharkhand, the Hon’ble Chief Minister of Jharkhand, Hemant Soren, unveiled the mascot for the upcoming Women’s Asian Champions Trophy 2023. ‘Juhi,’ the mascot, takes inspiration from the beloved elephant at Betla National Park. This event was graced by dignitaries, including the FIH President, Dato Tayyab Ikram, Hockey India President, Padma Shri Dr. Dilip Tirkey, Hockey India General Secretary, Bhola Nath Singh, and Hockey India Treasurer, Shekhar J Manoharan.

The unveiling of the mascot ‘Juhi’ and the launch of the Trophy Tour mark the exciting countdown to the Women’s Asian Champions Trophy Ranchi 2023. With a rich cultural symbol and the support of esteemed dignitaries, the tournament promises to be a celebration of athleticism, heritage, and unity. The competition is set to captivate hockey enthusiasts and showcase the talent and determination of women athletes on the international stage.

Mascot ‘Juhi’: A Symbol of Jharkhand’s Rich Heritage

Betla National Park Inspiration: The mascot ‘Juhi’ draws its inspiration from the iconic elephant at Betla National Park. It represents the rich wildlife heritage of Jharkhand.

Unveiling by Hon’ble Chief Minister: Hemant Soren, the Hon’ble Chief Minister of Jharkhand, had the honor of unveiling ‘Juhi’ as a symbol of pride for the upcoming tournament.

Launch of Trophy Tour

Trophy Tour Commencement: The event also marked the initiation of the Trophy Tour for the Jharkhand Women’s Asian Champions Trophy Ranchi 2023.

Statewide Journey: The magnificent trophy will embark on a tour across all districts of the state, commencing on October 13, 2023.

Culmination: The Trophy Tour will conclude on October 25, 2023, with the trophy returning to Ranchi, setting the stage for the tournament’s commencement.

Women’s Asian Champions Trophy Ranchi 2023: A Glimpse

Event Dates: The Women’s Asian Champions Trophy Ranchi 2023 is scheduled to take place from October 27 to November 5.

Participating Teams: The tournament will witness fierce competition between India, Japan, China, Korea, Malaysia, and Thailand.

Team Leadership: Savita will lead the Indian Women’s Hockey Team as Captain, with Deep Grace Ekka serving as her deputy.

Opening Match: India will kickstart their campaign in the tournament against Thailand on October 27, 2023.

IOC has accepted the recommendation to include T20 cricket into the 2028 Olympics

The International Olympic Committee (IOC) recently took a significant step towards embracing the world’s most popular sport, Cricket, by accepting the recommendation to include T20 cricket for both men and women at the 2028 Los Angeles Summer Olympics This decision was made during the IOC’s executive board meeting in Mumbai, heralding a new era for the sport on the global stage.

The IOC’s Crucial Acceptance

The acceptance of cricket’s inclusion in the 2028 Los Angeles Summer Olympics represents a pivotal moment in the sport’s history. The IOC’s decision, taken at the executive board meeting, sets the stage for a potentially transformational development. The next step is for the IOC to vote on this recommendation at its Session, scheduled to be held in Mumbai from October 14 to 16.

LA28 Local Organizing Committee’s Bold Proposal

The LA28 local organizing committee played a significant role in pushing for cricket’s inclusion. It recommended the “potential inclusion” of not only cricket but also four other sports: baseball/softball, flag football, lacrosse, and squash. These recommendations align with the broader ethos of LA28, creating a diverse and dynamic sporting environment for the 2028 Los Angeles Games.

IOC President’s Endorsement

IOC president Thomas Bach expressed his endorsement for the inclusion of these five sports in the Olympics. He emphasized that these proposals had been accepted as a package, underlining their compatibility with the sports culture of the United States and Los Angeles in 2028. This historic move is seen as a way to showcase iconic American sports to the world while simultaneously welcoming international sports to the United States.

Cricket’s Journey Towards Olympic Inclusion

Cricket’s quest to become an Olympic sport has been long and arduous. The International Cricket Council (ICC) has consistently pursued the goal of making cricket a global sport. However, it wasn’t until 2019 that tangible progress was made. In 2022, cricket made its return to the Commonwealth Games, with women’s T20 matches being played at Edgbaston in Birmingham. This development marked a significant milestone, with eight teams competing over eight days.

Overcoming Barriers

One of the major obstacles in cricket’s path to the Olympics was the resistance of influential cricket boards, such as the Board of Control for Cricket in India (BCCI). To be eligible for Olympic inclusion, global sports bodies must adhere to the regulations of the World Anti-Doping Agency (WADA). The BCCI’s resistance to coming under the ambit of India’s National Anti-Doping Agency, a WADA affiliate, had posed a challenge to the ICC’s Olympic aspirations.

Strong Anti-Doping Commitment

In a reassuring development, IOC president Thomas Bach highlighted the “robust” anti-doping programs in place for all five new sports, including cricket. This assurance played a pivotal role in the IOC’s decision to accept cricket as an Olympic sport.

Cricket’s Global Appeal

Cricket’s enduring global appeal was another significant factor in its favor. The sport’s fan base has been steadily growing, and this popularity hasn’t gone unnoticed by the IOC and the LA28 organizers. The inclusion of cricket in the 2028 Los Angeles Olympics is expected to draw attention from fans and athletes worldwide.

India’s Role in the Decision

India’s performance at the Hangzhou Asian Games, where the country secured over 100 medals for the first time, was a key influencer in the IOC’s decision-making process. Bach also noted that India ranks second on the IOC’s social media handles, highlighting the tremendous interest of the young generation in the Olympics.

A New Era for Cricket

Cricket’s potential inclusion in the 2028 Los Angeles Summer Olympics is a game-changing decision for the sport. This historic moment marks a turning point in the sport’s journey to become truly global. If the IOC confirms this recommendation, it will open doors for cricket to engage with new athletes and fan communities, not only in the United States but around the world.

IMI 5.0 Campaign With Special Focus On Boosting Measles And Rubella Vaccination To End Today

India’s Intensified Mission Indradhanush (IMI) 5.0, a flagship immunization campaign launched by the Health Ministry, is nearing its conclusion today. This campaign, which strives to reach children who have missed vaccine doses or fallen behind their vaccination schedule, along with pregnant women across the country, has undergone some remarkable transformations this year.

IMI 5.0 Broadens Immunization Coverage Across All Age Groups and Districts

IMI 5.0 is a major undertaking to enhance immunization coverage for all vaccines provided under the Universal Immunization Programme, as per the National Immunization Schedule. Unlike previous iterations, this year, the campaign was conducted across all districts in the country and extended to include children up to five years of age, expanding the scope of its mission. Previous campaigns had only targeted children up to two years old.

Remarkable Progress by September 30

As of September 30, the campaign had already made impressive strides, with over 34,69,705 children and 6,55,480 pregnant women receiving vaccine doses during the first two rounds. A significant achievement given the challenges posed by the ongoing global pandemic.

Targeting Measles and Rubella Elimination

IMI 5.0 also carried a special focus on improving the vaccination coverage for measles and rubella. The goal is to eliminate both infections from the country by 2023. This critical aspect of the campaign aims to ensure that children and pregnant women receive the necessary doses to protect against these diseases, contributing to the nation’s broader public health goals.

Community and Influencer Engagement

A distinctive feature of this year’s campaign was the active participation of public representatives and social media influencers. They came forward in large numbers to encourage the public to visit the nearest vaccination centers and ensure that any missed vaccine doses for children and pregnant women in their families and communities are administered.

Preparedness Assessment

To ensure the effectiveness of IMI 5.0, a thorough preparedness assessment was carried out by national monitors between July 19 and 23. This assessment spanned 154 high-priority districts across 27 States/Union Territories. The findings of this assessment, along with recommendations, were shared with the respective states and union territories to make the campaign more efficient.

Campaign Implementation

IMI 5.0 was divided into three rounds, each held on specific dates:

1.August 7 to 12.

2.September 11 to 16.

3.October 9 to 14.

Each round involved three days dedicated to immunization, with the inclusion of a routine immunization day. The U-WIN digital platform was used in pilot mode for routine immunizations to streamline the process.

U-WIN: A Comprehensive Immunization Program Registry and Management System

U-WIN serves as a comprehensive registry for immunization programs, spanning from birth to the age of 13. It maintains records from the initial birth registration to the administration of the final vaccine, and even provides alerts for upcoming vaccination schedules.

Beneficiaries have the option to schedule, monitor, and engage in ongoing or upcoming routine immunization programs. Additionally, certificates can be stored and organized through the DigiLocker app, ensuring safekeeping of essential documents.

Nationwide Participation

With the exception of Bihar, Chhattisgarh, Odisha, and Punjab, all other states and union territories have either completed or are about to conclude all three rounds of the IMI 5.0 campaign by October 14. The four states delayed the start of their campaign in August but have now finished the first round and are in the midst of conducting the second round. They plan to conduct the third round in November.

A Continual Success Story

Since 2014, India has successfully completed 11 phases of the Mission Indradhanush campaign, with an ongoing 12th phase. Cumulatively, a total of 5.06 crore children and 1.25 crore pregnant women have been vaccinated under the campaign, marking a remarkable achievement in public health and a testament to the government’s dedication to ensuring immunization coverage across the nation.

Neeraj Chopra Nominated for 2023 World Athlete of the Year Award

World Athletics, the global governing body for athletics, has officially nominated Neeraj Chopra for the prestigious Men’s Athlete of the Year award for 2023. This honor underscores Neeraj’s remarkable achievements in the field of javelin throwing and his impressive gold medal victories at the Olympics and World Championships.

Selection by Athletics Experts

A panel of international athletics experts, representing all six continental areas of World Athletics, diligently selected the 11 nominees for this prestigious award. Among these nominees, Neeraj Chopra, the Olympic and world champion, is vying for the title of the world’s best male athlete.

A Diverse Field of Competitors

Neeraj Chopra faces stiff competition in this race for glory, with a distinguished lineup of fellow athletes from across the globe. Notable contenders include Ryan Crouser (shot put) from the USA, Mondo Duplantis (pole vault) from Sweden, Soufiane El Bakkali (3000m steeplechase) from Morocco, Jakob Ingebrigtsen (1500m/mile/5000m) from Norway, Kelvin Kiptum (marathon) from Kenya, Pierce LePage (decathlon) from Canada, Noah Lyles (100m/200m) from the USA, Alvaro Martin (race walk) from Spain, Miltiadis Tentoglou (long jump) from Greece, and Karsten Warholm (400m hurdles/400m) from Norway.

Voting Process and Finalists

The voting process for the 2023 World Athletes of the Year award has commenced. After a thorough three-way voting process, the finalists will be determined. The winners will be officially announced on December 11, 2023, through World Athletics’ social media platforms.

Influence of Votes

The selection of the winners will rely on a combination of votes. The World Athletics Council and the World Athletics Family will cast their votes via email, each contributing 50% of the final result. Additionally, the public will have the opportunity to vote online through the World Athletics social media platforms, with their votes also holding a 25% weight in determining the overall outcome.

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