Current affairs 05 September 2023

Kathmandu-Kalinga Literary Festival concluds in Lalitpur, Nepal.

• The three-day-long Kathmandu-Kalinga Literary Festival successfully came to an end in Lalitpur, Nepal.
• Minister for Foreign Affairs NP Saud of Nepal had inaugurated the festival.
• Litterateurs from India, Nepal, Bhutan, Bangladesh, and Sri Lanka exhibited at the Festival and showcased literature and other art forms.
• Professor Avadhesh Pradhan, actress and writer Divya Dutta, Prof Madhav Prasad Pokharel, and actress Manisha Koirala were awarded Yashaswi Sahitya Samman.

Shanta Thoutam honored with World Innovation Award at BRICS.

• Telangana Chief Innovation Officer Shanta Thoutam received the World Innovation Award at the first BRICS Innovation Forum hosted in Moscow.
• The award is given for outstanding contribution to Sustainable Development Goal-4 which ensures inclusive and equitable quality education and promotes lifelong opportunities for all.
• She as one of the panelists at the Cloud City Conference, spoke about the initiatives and achievements of Telangana in the space of open data.

Union Minister Bhupender Yadav launches Chemotherapy Services in 30 ESIC Hospitals across the country.

• Labour and Employment Minister Bhupender Yadav today launched Chemotherapy Services in 30 ESIC Hospitals across the country during the 191st meeting of the ESI Corporation at ESIC Headquarters in New Delhi.
• The Union Minister also inaugurated a Control Room with Dashboards of ESIC.
• The dashboards will ensure better monitoring of resources and beds at ESIC hospitals and the current status of ongoing construction projects.

Sebi to curb influencers to help investors get accurate, unbiased info.

• The rise of financial influencers who charge as high as Rs 7.5 lakh for a post on social media.
• Sebi introduced a new way for people to access and interpret financial information, and now they will soon come under the regulatory purview as Sebi proposed measures to curb their numbers.
• Aim: To ensure that investors receive accurate and unbiased information also helps in preserving authenticity and reducing fraud, Anand Rathi Wealth Deputy CEO Feroz Azeez told PTI.

Credit outstanding to real estate rises 38% to Rs 28 lakh crore in July.

• As per RBI data Bank lending to the commercial real estate segment increased by 38 percent in July 2023 from July 2022.
Outstanding loans in the segment climbed to Rs 4.07 lakh crore as of July 28 2023 compared with Rs 2.94 lakh crore on July 29, 2022
• Comparatively loan growth was 3.6 percent in the period from July 30, 2021, to July 29, 2022.
• In the housing segment, bank loans jumped 37 percent to Rs 24.3 lakh crore at the end of July 2023 from Rs 17.7 lakh crore a 2022.