Current Affairs – May 24 2023
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Current Affairs – May 24 2023
1. India and Australia sign Migration and Mobility Partnership Agreement
Reaffirming their determination to strengthen partnership in the field of mobility and migration with a view to encouraging the orderly movement of students, researchers, professionals, academics, and others, New Delhi and Canberra have signed the migration and mobility partnership agreement.
The agreement was exchanged during a joint press briefing addressed by Prime Minister Narendra Modi and his Australian counterpart Anthony Albanese in Sydney today.
2. Paytm Money Launches Bonds Platform, Making Investing Easier for Retail Investors
Paytm Money, a subsidiary of One97 Communications, the parent entity of Paytm, has recently announced the launch of a bonds platform for retail investors in India.
This new platform aims to provide investors with a comprehensive and user-friendly interface to invest in government, corporate, and tax-free bonds. With a focus on innovation and leveraging technology, Paytm Money aims to make bond investing more accessible and transparent for retail investors.
3. Indian Commonwealth Day 2023 observed on 24th May
Commonwealth Day is a worldwide celebration that takes place every year on March 13, although India and certain other countries mark it on May 24. The theme for this year’s Commonwealth Day is “Forging a Sustainable and Peaceful Common Future.”
Commonly known as Empire Day, the occasion aims to bring together 2.5 billion citizens of the Commonwealth to recognize their shared values and principles. It also emphasizes the importance of working together towards a sustainable and peaceful future for all.
4. Bangladesh-US Joint Naval Exercise held in Chattogram
The ‘Tiger Shark 40’ Joint Bangladesh-US Naval drill Exercise commenced at BNS Nirvik in Chattogram. The main aim of the exercise is to enhance the strategic capabilities of both countries and promote mutual exchange of technical and procedural knowledge.
According to a press release from the Bangladesh Inter Services Press Relations (ISPR), the exercise seeks to strengthen the existing positive relations between the armed forces of the two nations. The training exercise, overseen by Commodore Swords Command, involved the participation of Special Forces from the Bangladesh Army and Navy as well as US Special Forces.
5. Industrialist and philanthropist Karumuttu T Kannan passes away at 70
Karumuttu T Kannan, a prominent industrialist and philanthropist, who served as the Chairman & Managing Director of Thiagarajar Mills Ltd, located in Madurai, has sadly passed away at the age of 70. He was the son of Karumuttu Thiagarajan Chettiar, the renowned industrialist and philanthropist who established Thiagarajar Mills in 1936.
Kannan was highly regarded as an educationalist, currently serving as the President of Thiagarajar College in Madurai, as well as the Chairman & Correspondent of Thiagarajar College of Engineering in Madurai.
His contributions extended to being a member of the Syndicate Anna University in Chennai, the Board of Governors of IIM, Indore, and the Board of Governors of the National Institute of Technology in Trichy.
6. Dr K. Govindaraj Elected As New President of Basketball Federation of India
Dr K. Govindaraj elected as the President of International Basketball Federation (FIBA), Asia. He is a Congress MLC. He is also the President of Basketball Federation of India and President of Karnataka Olympic Association.
Govindaraj was unanimously nominated to take over as President of FIBA Asia. This is the first time that an Indian has been nominated as the President of FIBA Asia. The nomination was ratified at the FIBA Asia Congress making Govindaraj, the first Indian to lead the International Basketball Federation in Asia, which includes 44 countries.
7. Axiom Space’s Private Astronaut Mission to Test Cancer Drugs in Space
Axiom Space, a private space habitat company, recently launched their latest mission, Axiom Mission 2 (Ax-2), to the International Space Station (ISS).
This mission aims to conduct experiments on human stem cell ageing, inflammation, and cancer in the unique microgravity environment of space. The findings from these experiments not only contribute to the well-being of astronauts but also hold potential for advancing cancer treatment on Earth.
8. AI Supercomputer ‘AIRAWAT’ puts India among top supercomputing league
The AI Supercomputer ‘AIRAWAT’, installed at C-DAC, Pune has been ranked 75th in the world. It was declared so in the 61st edition of Top 500 Global Supercomputing List yesterday at the International Supercomputing Conference (ISC 2023) in Germany.
It puts India on top of AI Supercomputing nations worldwide. The system is installed under National Program on AI by Government of India.
“We need to make Artificial Intelligence in India and Artificial Intelligence work for India” – Prime Minister Shri Narendra Modi’s vision “AI FOR ALL”.