Current Affairs – July 14 2023

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Current Affairs – July 14 2023

1. PM Modi conferred with Grand Cross of Legion of Honour- France’s highest award

Prime Minister Narendra Modi was conferred with the Grand Cross of the Legion of Honour, France’s highest award by H.E. Emmanuel Macron, President of the Republic of France.

PM Modi thanked President Macron for this singular honour on behalf of the people of India. The award ceremony took place at the Elysee Palace in Paris.

Earlier, PM Modi addressed the Indian community at La Seine Musicale in Paris. ​

During his address, he highlighted the multi-faceted India-France Strategic Partnership, which is celebrating its 25th anniversary. Prime Minister also announced about the opening of a new consulate in Marseille, France.

2. Chandrayaan-3 successfully launched

The Chandrayaan-3- India’s third mission to the moon took off successfully from the Satish Dhawan Space Centre in Sriharikota in Andhra Pradesh on July 14.

The Vikram lander of the mission is expected to soft-land on the surface of the South Pole region of the Moon on around August 23-24.

The LVM3 rocket broke free from the second launch pad at the Space Centre at about 2.35 p.m.

3. UAE becomes the first Arab country to get observer status in Asian-Pacific Money Laundering

UAE or the United Arab Emirates is participating with observer status in the plenary of the Asia/Pacific Group on Money Laundering (APG), a Financial Action Task Force-Style regional body (FSRB), taking place this week in Vancouver, Canada.

The UAE is the first Arab country to be granted observer status at the APG. The UAE has placed international cooperation at the heart of its strategy and plans for countering money laundering and the financing of terrorism.

Observer status at FSRB events is granted to countries that demonstrate an active and collaborative approach to fighting financial crime, which the UAE has displayed through its participation in MENAFATF and other multilateral organisations.

4. India to host ASEAN Countries Conference on Traditional Medicines

India will serve as the host of the ASEAN Countries Conference on Traditional Medicines on July 20, 2023, at Vigyan Bhawan in New Delhi.

A total of 75 participants will convene at this one-day conference which will include international delegates from eight ASEAN countries, with an additional two international delegates participating virtually.

The purpose of the conference is to facilitate brainstorming sessions and idea-sharing on the topic of Traditional Medicines.

5. NASA-ISRO Earth Observing Satellite NISAR coming together in India

Two major components of the NISAR satellite have been combined to create a single spacecraft in Bengaluru, India.

Set to launch in early 2024, NISAR – short for NASA-ISRO Synthetic Aperture Radar, is being jointly developed by NASA and the Indian Space Research Organisation, or ISRO, to track movements of Earth’s land and ice surfaces in extremely fine detail.

As NISAR monitors nearly every part of our planet at least once every 12 days, the satellite will also help scientists understand, among other observables, the dynamics of forests, wetlands, and agricultural lands.

6. CarTrade Tech to acquire OLX India’s auto business for ₹537 cr

On 10th July in a stock exchange filing, CarTrade Tech announced it will acquire a 100% stake in Sobek Auto Pvt Ltd. the entity which bought OLX India’s Auto-motive business for cash consideration.

This acquisition will likely be completed in 21-30 days. The company which had raised funds from investors such as Temasek Holdings and Tiger Global prior to its public offering in 2021 had 1185 crore cash and cash equivalents on its books on a standalone basis.

The main objective behind the acquisition of the OLX business is to provide synergistic benefits to the existing business of CarTrade Tech.

7. Cabinet Approves Changes to Jan Vishwas Bill to Decriminalize Offences in 42 Laws

The Union Cabinet has reportedly approved amendments to the Jan Vishwas (Amendment of Provisions) Bill, 2023.

The proposed changes aim to decriminalize minor offences by amending 183 provisions across 42 Acts administered by 19 ministries. The objective is to promote ease of doing business and reduce the backlog of court cases.

The Jan Vishwas (Amendment of Provisions) Bill was initially introduced by Commerce and Industry Minister Piyush Goyal in the Lok Sabha on December 22, 2022.

It was later referred to a joint committee of parliament, which engaged in detailed discussions with the ministries and departments involved.

The committee adopted its report in March 2023, which was presented before the Rajya Sabha and Lok Sabha.

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