NATIONAL UPDATES:
1. Wipro launches center of excellence on generative Al
at IIT Delhi: Indian IT services company Wipro has
launched a centre of excellence on generative artificial intelligence in
partnership with the Indian Institute of Technology, Delhi (IIT Delhi). This
centre has been set up on the premises of the Yardi School of Artificial
Intelligence at IIT Delhi, and this Centre of Excellence (CoE) will support
applied research in generative AI. The aim of this centre is to encourage and
better the research and development capabilities in several emerging areas such
as generative AI and then connect the candidates with a talent pool. Wipro CoE
teams will jointly work on building innovative solutions using AI, Machine
Learning (ML), and other technologies.
2. Union Health Minister inaugurated India MedTech Expo
2023: Union Health Minister Dr.
Mansukh Mandaviya has inaugurated India’s first medical technology
expo, ‘India MedTech Expo 2023’, in Gandhinagar, Gujarat. The inaugural
event was organized on the sidelines of the G20 Health Ministers’ Meeting. India
has been recognized as the ‘Pharmacy of the World’. It is now time for India to
take the lead in the medical devices sector and become the leader in the
manufacturing of affordable, innovative, and quality Medical Devices. The
“MedTech Expo 2023 draws inspiration from PM Modi’s vision of making India
Aatmanirbhar. The Expo is set to become an unparalleled and comprehensive
platform for demonstrating the capabilities and promise of the Indian Medical
Devices ecosystem. Gujarat’s pharmaceutical industry ranks number one in India
with a 33% share in drug manufacturing and 28% share of drug exports.
3. Union Power Minister to dedicate NTPC’s 660 MW Power
Project in Barh: Union Minister for Power
and New and Renewable Energy RK Singh has dedicated to the
nation a 660 MW unit of NTPC’s Barh Super Thermal Power
Project in Barh, Bihar. The 660 MW unit being inaugurated is Unit 2 of
Stage I of the project. The commissioning of this unit would be another
milestone in the government’s endeavour to provide reliable and affordable
power to the nation. The Union Minister for Power and New & Renewable
Energy also lay the foundation stone for the extension of POWERGRID’s (Power
Grid Corporation of India Limited) 400/132 kV Lakhisarai Sub-station. As part
of the project, 220 kV GIS will be constructed in existing sub-station premises
along with the installation of two transformers of 500 MVA capacity. The
extension of the substation at Lakhisarai will lead to improved power
availability in Lakhisarai, Sheikhpura, Munger and Jamui districts and will
also ease supply of power to meet future energy demand.
4. 4th G20 Trade and Investment Ministerial Meeting to
begin in Jaipur: The G20 Trade and
Investment Ministerial Meeting will be held in Jaipur on 24 and
25 of August. The meeting will be preceded by the 4th and last Trade and
Investment Working Group meeting under India’s G20 Presidency which will take
place on the 21st and 22nd of this month in Jaipur. Both meetings will be
attended by more than 300 delegates, including trade ministers and secretaries
and heads of delegations from G20 member countries, invitee countries, regional
groupings, and international organizations. The deliberations will focus on
building consensus on global trade and investment-related issues, along with
accomplishing action-oriented proposals put forward by the Indian Presidency.
5. Amit Shah plants 4 croreth tree at CRPF Group Center
in Greater Noida: Union Home Minister and
Minister of Cooperation, Amit Shah has planted the 4 Croreth
tree under the All-India Tree Plantation Campaign of the Ministry of Home
Affairs at the CRPF Group Center in Greater Noida, Uttar Pradesh. Amit
Shah also inaugurated 15 newly constructed buildings, built at a cost of Rs 165
crores, across 8 different campuses of the Central Reserve Police Force (CRPF).
The campaign is an initiative of the Central Armed Police Force (CAPF) to plant
5 crore trees by Dec 2023.
6. LS Speaker inaugurates 9thCommonwealth Parliamentary
Conference: Lok Sabha Speaker Om
Birla has inaugurated the ninth Commonwealth Parliament Association
(CPA) India Region Conference at Udaipur. The theme of the two-day Conference
is “Strengthening Democracy and Good Governance in Digital Age”. One of the
topics is how to make public representatives more effective or efficient in
encouraging good governance through digital empowerment The Conference concludes
with the valedictory address of Vice-President of India and Chairman of Rajya
Sabha Jagdeep Dhankhar.
INTERNATIONAL UPDATES:
1. India signs MoU with Trinidad and Tobago on sharing
INDIA STACK: Trinidad and Tobago has signed
an agreement with the Indian government for sharing the India
Stack, which is a collection of open application programming interfaces
and digital public goods for identity. The agreement was signed in the presence
of officials from the Ministry of Electronics and IT (MeitY), the National
E-Governance Division, and the Ministry of External Affairs. The two nations
agreed to cooperate for digital transformation through capacity building,
training programmes, exchange of best practices, exchange of knowledge between
public officials and experts, and development of pilot or demo solutions. With
the help of India Stack, these countries can climb up the digitalization ladder
rapidly and transform their economies and governance. India has also signed
pacts with Armenia, Sierra Leone, Suriname, and Antigua and Barbuda to share
India Stack, while Mauritius and Saudi Arabia are at an advanced stage of
finalizing cooperation on the same. A similar agreement was signed with Papua
New Guinea also last month, while the UPI — part of India Stack — has been
accepted in France, UAE, Singapore and Sri Lanka.
2. 19 August – World Humanitarian Day: World Humanitarian Day is observed every year
on 19 August in a bid to save and protect lives around the world. The
occasion is observed to recognize the work done by humanitarians around the
world by venturing into disaster-stricken regions and onto the front lines to
save and protect people’s lives. Theme 2023 – No matter what In 2008, the
United Nations General Assembly adopted a resolution designating 19 August as
World Humanitarian Day to honour the memory of those who lost their lives in
the Baghdad bombings. The 19 August 2003 attack on the Canal Hotel in Baghdad,
Iraq, killed two humanitarian workers, including the UN Special Representative
of the Secretary-General for Iraq, Sergio Vieira de Mello.
OTHER UPDATES:
SPORTS
1. Priya Malik wins Gold medal at Under20 World Wrestling
Championships: Indian grappler Priya Malik won
a Gold medal at the 2023 U20 World Wrestling Championships in
Jordan. Priya became just the second woman wrestler from India to be crowned
U20 world championship. Antim Panghal had been the first woman from India to
win a junior world title in wrestling at last year’s edition. Priya Mallik beat
Laura Celine Kuehn of Germany by 5-0 in the women’s 76kg freestyle wrestling
final. Priya has now won both the U17 2021 and 2022 and U20 world titles in her
short but promising career.
BANKING AND FINANCE
1. RBI launched UDGAM portal to track unclaimed deposits:
The Reserve Bank of India (RBI) has launched a
centralized web portal to help citizens search for their unclaimed
deposits known as
UDGAM
stands for Unclaimed Deposits Gateway to Access inforMation. The portal has
been developed by the central bank for the public to help them search for their
unclaimed deposits across multiple banks at one place.
2. PR Seshadri appoints as MD and CEO of South Indian Bank: The Reserve Bank of India has approved the appointment of PR Seshadri as Managing Director & CEO of the South Indian Bank for a period of three years with effect from 1 October 2023. He is currently mentoring businesses both at an operating level as well as at the board level at various companies. He has served, amongst other positions, as managing director & CEO of Karur Vysya Bank, managing director & regional sales and distribution head of Citibank N.A. Seshadri is an accomplished banker with experiences spanning multiple businesses, functional lines, and geographies. He has significant experience in enterprise-level management and in the management of all key commercial banking business lines and he has substantial experience in successfully managing investors, boards, and regulatory relationships in multiple geographies
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