Current affairs 26 August 2023

Magnus Carlsen wins the Chess World Cup Final 2023.

• The Norwegian chess grandmaster, Magnus Carlsen, won the Chess World Cup Final 2023 title for the first time, after defeating India's chess grandmaster R Praggnanandhaa in a tie-breaker.
• R Praggnanandhaa (18) was the youngest World Cup finalist ever and the youngest World Cup winner.
• He managed to secure the Silver medal after defeating Hikarua Nakamura and Fabiano Caruana.
• He also became the second Indian after Viswanathan Anand to enter the Chess World Cup final.

IIT BOMBAY receives donation of 18.6 million for Green Energy Hub.

• The Indian Institute of Technology Bombay has received a donation of $18.6 million from an alumnus for the Green Energy and Sustainability Research Hub.
• It will help the Institution in addressing the global climate crisis.
• The hub will be set up within a state-of-the-art academic building on the IIT Bombay campus.
• The Hub will also serve as a nexus for learning and exploration, offering state-of-the-art infrastructure and facilities for students and researchers.

Central Vigilance Commission reconstitutes advisory board on bank frauds.

• The Central Vigilance Commission (CVC) has reconstituted the Advisory Board on Banking and Financial Frauds (ABBFF) which conducts the first-level examination of bank frauds before recommendations or references are made to investigative by agencies such as CBI.
• The reconstituted APBFF will be chaired by former CVC Suresh N Patel.
• There are four Members and the tenure of the Chairman/ Members would be for two years.

India announces definition of Green Hydrogen.

• The standard issued by the Ministry of New and Renewable Energy, outlined the emission thresholds that must be met in order for hydrogen produced to be classified as Green, i.e., from renewable sources.
• The scope of the definition encompasses both electrolysis-based and biomass-based hydrogen production methods.
• The Ministry of New & Renewable Energy has decided to define Green Hydrogen as having a well-to-gate emission of not more than 2 kg CO2 equivalent/kg H2.

Rajeshwari Kumari secures Paris 2024 Olympic quota for India.

• India's shooting player, Rajeshwari Kumari has secured a shooting spot for India in the Paris 2024 Olympics.
• She finished fifth in the women's trap final at the ISSF World Championship 2023 in Baku, Azerbaijan.
• The ISSF World Championship 2023 serves as a qualifying event for the Paris Olympics 2024.
• The best four finishers (one from each country) in each of the 12 Olympic individual shooting events receive a seat on their national teams, giving a total of 48 shooters.