22 May 2024 current affairs

22 May 2024 current affairs

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National News

3AI Holding & SML Launch India’s GenAI Platform ‘Hanooman’

  • Abu Dhabi-based 3AI Holding and Seetha Mahalaxmi Healthcare (SML) India unveil India’s homegrown generative artificial intelligence (GenAI) platform ‘Hanooman AI’ in Abu Dhabi, UAE.
  • Language Support: Hanooman AI offers support for 98 global languages, including 12 Indian languages such as Hindi, Marathi, Gujarati, Bengali, Kannada, Odia, Punjabi, Assamese, Tamil, Telugu, Malayalam, and Sindhi.
  • Target Sectors: The platform targets four key sectors: healthcare, governance, financial services, and education, aiming to revolutionize these domains through AI-driven solutions.
  • Open-Source and Enterprise Solutions: Hanooman provides an open-source alternative for commercial large language models (LLMs) and a closed-source model for enterprise on-premise solutions, ensuring accessibility and customization options.
  • Versatile Functionality: Hanooman’s features include handling casual chats, providing professional advice, and tackling complex technical tasks such as coding and tutoring, catering to diverse user needs.

National Council for Cement and Building Materials Incubation centre inaugurated

  • Department for Promotion of Industry and Internal Trade (DPIIT) Joint Secretary Sanjiv inaugurated The National Council for Cement and Building Materials-Incubation Centre (NCB-IC).
  • At NCB-IC, the incubatee start-ups/entrepreneurs will be mentored by the scientists of NCB and experts from cement and building materials industry for further improvisation and development of market-ready products for commercialization.
  • The incubatee start-ups/ entrepreneurs will have support of advanced laboratories at NCB to carry out the development work.
  • National Council for Cement and Building Materials (NCB) is an apex Research and Development organization under the administrative control of DPIIT, Ministry of Commerce & Industry.

Department for Promotion of Industry and Internal Trade (DPIIT)

  • Found –1995
  • Headquarters- New Delhi

International news

Amul partners with Michigan milk producers’ body to sell fresh milk in US

  • India’s largest dairy cooperative Amul has started selling fresh milk and other products in the United States in partnership with a century old local cooperative body, Michigan Milk Producers Association (MMPA) to sell fresh milk in East Coast and the Midwest markets.
  • Initially, the supplies will be in New York, New Jersey, Chicago, Washington, Dallas, and Texas, which would subsequently be expanded across all the major cities in the U.S.
  • The Gujarat Cooperative Milk Marketing Federation (GCMMF), an umbrella body of district-level milk cooperatives in Gujarat, that markets and sells dairy products under the brand Amul, will handle the marketing and branding of fresh milk products, while milk procurement and processing will be done by the MMPA.

RITES to deliver 200 broad-gauge passenger carriages to Bangladesh Railways

  • RITES Limited (formerly known as Rail India Technical and Economic Service) has made an agreement with Bangladesh Railways to provide 200 broad-gauge passenger carriages to Dhaka.
  • RITES is the export division of Indian Railways, has secured a $11.26 million (approximately ₹915 crore) deal financed by European Investment Bank, via an international competitive bidding process.
  • The supply of coaches with a commission period of 36 months has been made and will have a two-year warranty period.
  • The deal also underlines the firm’s adherence to boosting development by exporting indigenously made world-class railway rolling stock.
  • RITES has supplied 36 BG locomotives, 10 Meter Gauge, and 120 BG Passenger Coaches to Bangladesh Railways till now.

RITES:

  • Headquarters: Gurugram
  • Founded: 26 April 1974
  • Chariman: Mr. Rahul Mithal

Banking news

Tata Motors Teams Up with Bajaj Finance for Passenger and Electric Vehicle Dealer Financing

  • Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) join forces with Bajaj Finance to introduce a financing program for authorized passenger and electric vehicle dealers.
  • Market Leadership: TMPV and TPEM have been at the forefront of the Indian automotive market, showcasing innovation in both Internal Combustion Engine (ICE) and Electric Vehicle (EV) segments.
  • Sales Performance: Tata Motors reported a year-on-year increase of 11.5% in total wholesales, reaching 77,521 units in the previous month compared to 69,599 units in April 2023, with passenger vehicle sales rising by 2% to 47,983 units.

SIDBI signs MoU with Airbus Heliopters for financing

  • Airbus Helicopters have signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) for financing the purchase of Airbus’ helicopters in India.
  • The move is expected to boost the helicopter market especially in verticals of health and tourism as Airbus sources stated that though there is a potential in India it’s facing resource crunch.
  • The MoU will allow both Airbus Helicopters and SIDBI, the government’s principal financial institution for promoting, financing and developing the MSME sector, to identify potential civil helicopter operators in India interested in financing solutions for purchasing helicopters.

Small Industries Development Bank of India (SIDBI)

  • Founded 1990
  • Headquarters: lucknow
  • Chairman and MD- Sivasubramanian ramann

Agreement news

DAHD & UNDP Join Forces for Digitalisation of Animal Vaccine Cold Chain Management

  • The Department of Animal Husbandry and Dairying (DAHD) signs an MoU with the United Nations Development Programme (UNDP) India to digitize Vaccine Cold Chain Management, Communication Planning, and Capacity Building.
  • Signing Ceremony: The agreement was formalized in New Delhi by Alka Upadhyay, Secretary of DAHD, and Caitlin Wiesen, UNDP Resident Representative in India.
  • Significance: India, with its vast population and substantial livestock (53.57 million farm animals and 85.18 million poultry), emphasizes the importance of vaccination programs for maintaining animal health.
  • Zoonotic Disease Prevention: The initiative addresses the risk of zoonotic diseases, such as bird flu and coronavirus, transmitted from animals to humans through close contact, highlighting the One Health Approach adopted by the government to combat this challenge.

United Nations Development Programme (UNDP)

The United Nations Development Programme (UNDP) was set up by the United Nations in 1965 by merging United Nations Expanded Programme of Technical Assistance with the United Nations Special Fund.

The UNDP is the UN’s global development network, which helps member countries find solutions to their development challenges.

The UNDP focus on three main areas:

  • Sustainable development
  • Democratic governance and peacebuilding
  • Climate and disaster resilience

Headquarters: New York, the United States of America. 

Administrator: Achim Steiner.

AIC Partners with CSC to Expand “Sampoorna Pashudhan Kawach” in Rural India

  • Agriculture Insurance Company of India Ltd. (AIC) collaborates with CSC e-Governance Services India Ltd. (CSC) to extend the reach of its cattle insurance product “Sampoorna Pashudhan Kawach.”
  • Distribution Channel: CSC’s network of 6 lakh Common Service Centres (CSCs) in rural India will serve as a crucial distribution channel for the insurance product.
  • Objectives: The partnership aims to address challenges faced by farmers, including limited awareness and access to veterinary services in rural areas, as well as inadequate understanding of the benefits of livestock insurance.

Ranks and reports news

India Climbs to 39th Position in WEF Travel & Tourism Development Index 2024

  • India moved from 54th in 2021 to 39th in 2024 in the World Economic Forum’s Travel & Tourism Development Index.
  • Top in South Asia: India is the highest-ranked country in South Asia among lower-middle-income economies.
  • Overall Score: India scored 4.25 on a scale where 7 is the best.
  • Global Leader: The United States topped the list.
  • Comprehensive Analysis: The biennial index assessed 119 countries on various tourism development factors and policies.
  • Growing Competitiveness: The improvement highlights India’s increasing competitiveness in global tourism.

Science And Tech News

ISRO Unveils Strategy for Mangalyaan-2 Mission on National Technology Day

  • ISRO reveals comprehensive strategy for its next Mars mission, “Mangalyaan-2,” during a special presentation at the Space Application Centre (SAC) on National Technology Day (May 11th, 2024).
  • Historic Achievement: Upon successful launch, India will become the 4th country globally, following the USA, Russia, and China, to land a spacecraft on Mars.
  • Key Features:
    • ISRO plans to employ a Rover and helicopter for Mars exploration, akin to NASA’s Perseverance Rover.
    • Development of a supersonic Parachute and Sky-Crane system inspired by NASA’s deployment techniques to ensure safe and precise landing of the Indian rover on Mars’ surface.

About Indian Space Research Organisation (ISRO):

  • Chairman: Sreedhara Panicker Somanath
  • Headquarters: Bengaluru, Karnataka
  • Established in: 1969

New Shepard-25 (NS-25) Mission: Blue Origin’s Latest Space Tourism Venture

  • Launch Details: New Shepard rocket system, developed by Blue Origin, lifted off with 6 crew members, including Indian commercial jet pilot Gopi Thotakura, from Launch site one in West Texas, USA, on May 19th, 2024.
  • Mission Highlights:
    • Marks the 7th human space flight for the New Shepard program, which has flown 31 humans above the Karman line to date.
    • The space flight achieved speeds exceeding three times the speed of sound and crossed the Karman line, the internationally recognized boundary of space (62 miles or 100 kilometers above Earth).
    • Upon reaching space, the crew experienced zero gravity before returning to Earth under parachutes.
  • Gopi Thotakura: 1st Indian Space Tourist
    • Gopi Thotakura, a commercial jet pilot and entrepreneur from Andhra Pradesh, India, was among the 6 crew members.
    • He becomes the 1st Indian space tourist and the 2nd Indian to venture into space after Wing Commander Rakesh Sharma of the Indian Army (1984).
    • Thotakura is the co-founder of Preserve Life Corp, a global center for holistic wellness and applied health based near Hartsfield-Jackson Atlanta International Airport, USA.

Sports news

Ekta Bhyan Clinches Gold in Women’s F51 Club Throw at World Para Athletic C’ships

  • Ekta Bhyan of India secured gold with a season’s best throw of 20.12 meters in the women’s F51 club throw event at the World Para Athletic Championships in Kobe, Japan.
  • Silver and Bronze: Kashish Lakra from India earned silver with a throw of 14.56 meters, while Nadjet Boucherf of Algeria took bronze with a score of 12.70 meters.
  • Record-breaking Achievement: Deepthi, a Para Asian Games gold medalist, set a new world record time of 55.07 seconds in the women’s 400-meter T20 category race, claiming gold the previous day.
  • Continuation of Championships: The competition will run until the 25th of this month, showcasing para-athletic talents from around the globe.

Max Verstappen Secures Victory at Emilia Romagna Grand Prix 2024

  • Belgian and Dutch Red Bull’s Max Verstappen emerged victorious, defeating McLaren’s Lando Norris, at the Emilia Romagna Grand Prix held on May 19th, 2024, in Imola, Italy.
  • Career Milestone: Verstappen’s 59th Formula 1 win marks his third consecutive victory in Imola, Italy.
  • Key Highlights:
    • Ferrari’s Charles Leclerc secured the third position in the race.
    • McLaren’s Oscar Piastri finished fourth in the highly competitive tournament.

Important days

Observance of Anti-Terrorism Day Across India

  • Commemorates the death anniversary of former Prime Minister Rajiv Gandhi, who was assassinated by an LTTE suicide bomber on May 21, 1991. Observed as Anti-terrorism day India
  • Purpose: Aims to raise awareness about the detrimental effects of terrorism and violence on society and the nation.
  • Educational Initiative: Encourages educating people about the consequences of terrorism and fostering a culture of peace and harmony.

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