NATIONAL UPDATES:
1. India’s electronics exports increase 23.6% to $29.12 billion in FY24: India exported electronics goods worth $29.12 billion in 2023-24 (FY24), up 23.6 per cent compared to a year ago, even as the country’s total exports contracted 3 per cent. According to commerce department officials, the top five export market of electronics good are — the US, United Arab Emirates, Netherland, United Kingdom, and Italy. During FY24, exports also ventured into new markets, such as Montenegro, Cayman Islands, El Salvador, Turkmenistan, Mongolia, Honduras and St Vincent.
2. IIT Madras launches India’s 1st mobile medical devices calibration facility: The Indian Institute of Technology (IIT) Madras has launched India’s first medical devices calibration facility on wheels. The facility can calibrate up to 45 different life-saving medical devices including defibrillator analyser, electrical safety analyser, gas flow analyser, and dialysis reference meter.
The calibration of medical devices on a regular basis is must to ensure accurate diagnosis and treatment of patients. This vehicle will go to the doorsteps of labs and calibrate life-saving medical equipment. The equipment will be tested in just a few hours.
INTERNATIONAL UPDATES:
1. World Hemophilia Day 2024:April 17th: World Hemophilia Day is an annual observance held on April 17th to raise awareness about hemophilia, a rare and inherited bleeding disorder. This year, the theme for World Hemophilia Day 2024 is “Equitable access for all: recognizing all bleeding disorders.” The foundation of World Hemophilia Day was laid in 1989 by the World Federation of Hemophilia (WFH).
2. Kuwait’s Emir appoints Sheikh Ahmad Abdullah al-Ahmad al-Sabah as PM: Kuwait’s Emir has appointed Sheikh Ahmad Abdullah al-Ahmad al-Sabah as the new Prime Minister of Kuwait. Former Prime Minister Sheikh Mohammed Sabah al-Salem al-Sabah resigned in April only a few months after he was designated to form a government. His resignation was a procedural move after a new parliament was elected that month, the fourth since December 2020.
3. Georgieva selected for second term as IMF Managing Director: The International Monetary Fund’s executive board selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct. 1, 2024. The Board commended Ms. Georgieva’s strong and agile leadership during her term, navigating a series of major global shocks. Georgieva is the second woman to head the IMF and the first person from an emerging market economy. She is the IMF’s 12th managing director since its founding in 1944.
4. 17 April – World Hemophilia Day: World Hemophilia Day is observed every year on 17 April. Objective – To raise awareness about hemophilia, a rare and inherited bleeding disorder. Theme 2024 – Equitable access for all: recognizing all bleeding disorders. World Hemophilia Day was first celebrated on the 17th of April 1989. It marks the birthday of Frank Schnabel, the founder of the World Federation of Haemophilia (WFH).
OTHER UPDATES:
SCIENCE AND TECHNOLOGY
1. Sanjana Sanghi Named Brand Ambassador for SPACE India: Sanjana Sanghi has been appointed as the Brand Ambassador for SPACE India, a leading space education organization. Sanjana Sanghi holds a gold medal from Lady Shri Ram College, affiliated with the University of Delhi, showcasing her academic excellence alongside her achievements in the entertainment industry. SPACE India, founded in 2001, serves as the registered Space Tutor of ISRO and has inspired over 1.5 million students through its educational initiatives.
BANKING AND FINANCE
1. Fitch affirms ratings of SBI and Canara Bank at 'BBB-': Fitch Ratings affirmed the long-term Issuer Default Rating of both State Bank of India (SBI) and Canara Bank at 'BBB-' and said the outlook looks stable. Fitch has also affirmed SBI's Viability Rating (VR) at 'BB' and Government Support Rating (GSR) of 'BBB'-. "SBI's IDR and GSR are at the same level as India's sovereign rating (BBB-/Stable), reflecting Fitch's view that SBI has the highest probability of extraordinary state support among Indian banks if required.
2. SBI Life launches IdeationX: SBI Life Insurance has launched the 1st edition of ‘IdeationX’, a pioneering initiative that promises to revolutionize the future of the insurance industry. The innovative platform aims at engaging and encouraging future leaders from B-Schools across the country to think, innovate and present unconventional life insurance solutions that address consumer’s evolving insurance needs and contribute towards reshaping India’s life insurance sector landscape. The key objective behind this initiative is to involve the young minds who are the future leaders of the country, to identify various insurance needs and conceptualize product solutions addressing those needs.
AWARDS AND HONOURS
1. Amitabh Bachchan to be honoured with Lata Deenanath Mangeshkar award: Famous Hindi cinema actor Amitabh Bachchan will be honoured with the 3rd Lata Deenanath Mangeshkar Award 2024. The award was announced at a press conference organized by the Master Deenanath Mangeshkar Smriti Pratisthan Public Charitable Trust and the Mangeshkar family in Mumbai. The Lata Deenanath Mangeshkar Award was instituted by Deenanath Mangeshkar Smriti Pratishthan in honour of Swar Kokila Lata Mangeshkar.
2. Adwaita Nayar named Young Global Leader in World Economic Forum’s Class of 2024
: Adwaita Nayar, the co-founder of Nykaa and CEO of Nykaa Fashion, has been inducted into the esteemed World Economic Forum’s Young Global Leaders Community as part of the Class of 2024. Comprising 90 remarkable individuals, this group of changemakers is at the forefront of shaping the future and fostering positive change through their innovative endeavors. As the forum of young leaders completes 20 glorious years, this recognition reflects their commitment to fostering the next generation of changemakers.
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