23 May 2024 Current Affairs in English

Today’s Current Affairs – 23 May 2024

23 May 2024 Current Affairs refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 23 May 2024 Current Affairs is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 23 May Current Affairs lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities.

23rd May Daily Current Affairs 2024

23 May 2024 Current Affairs also provides students with insights into issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing the 23 May 2024 Current Affairs not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.

Buddha Purnima 2024

Buddha Purnima, also called Buddha Jayanti, holds deep meaning for millions. But its date causes confusion. In India and Nepal, it’s May 23. In Southeast Asia, it’s May 19. This stems from two full moons in May, and differing interpretations of Buddhist and Hindu lunar calendars.

Buddhism spread due to core tenets like non-violence, respect for life, and progressive women’s roles. These resonated with traditional and modern values, spurring Buddhism’s adoption in Asia. Adapting to diverse cultures birthed global Buddhist sects, its inclusive nature gaining devotees across communities. Read the complete article here.

World Turtle Day 2024

Every year, World Turtle Day is observed on May 23. It was started in the year 2000 by American Tortoise Rescue as a way of urging people to come together to understand tortoises and turtles better. It is observed to raise awareness about the lifestyle and habitat of turtles as well as tortoises and urge people to understand them better and contribute to their wellbeing.

Sachin Sarjerao Khilari clinches gold medal in shot put at World Para Athletics C’ship

In Para Athletics, India’s Sachin Sarjerao Khilari clinched the gold medal in the men’s shot put at the World Para Athletics Championship in Kobe, Japan. He also set a new Asian record with a throw of 16.30 meters in the F46 category, to defend his title at the world championships.

Another Indian, Dharambir bagged the Bronze Medal in the Men’s Club Throw yesterday. His final throw distance of 33.31 meters not only secured him the Bronze Medal but also set a new Asian Record in the F51 Category. Mariyappan Thangavelu clinched his maiden gold medal at the World Para Athletics by leaping 1.88m in the men’s T63 high jump event.

RBI approves transfer of Rs 2.11 Lakh Cr as surplus to govt

The Reserve Bank of India (RBI) has approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. The same was approved during the 608th meeting of the Central Board of Directors of the Reserve Bank of India, which was held in Mumbai.

The Board, under the Chairmanship of RBI Governor Shaktikanta Das, decided to increase the Contingent Risk Buffer, CRB to 6.50 per cent for FY 2023-24 as the economy remains robust and resilient. Besides discussing and approving the Reserve Bank’s Annual Report and Financial Statements for the year 2023-24; the board also reviewed the global and domestic economic scenario.

POWERGRID gets global recognition for Learning & Development, receives ATD Best Awards for the third time

POWERGRID, a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India, has been conferred the prestigious ATD BEST Awards 2024 for its strategic approach to talent development driving business results. This is the third time POWERGRID has been honored with the ATD BEST Award, having previously received it in 2021 and 2023.

The ATD BEST Awards, established by the Association for Talent Development (ATD), USA, is one of the most esteemed international recognitions in the field of Learning and Development (L&D). It honors organizations that leverage talent development as a strategic business tool and demonstrate enterprise-wide success through effective employee development practices.

NTPC gets global recognition for Talent Development, secures 3rd rank at ATD BEST Awards 2024

NTPC has achieved an impressive milestone by securing the 3rd rank globally at the ATD BEST Awards 2024, this being the highest ranking among all Indian companies. Notably, NTPC is the only PSU to have received this prestigious award seven times in the past eight years.

Cisco and Tata Communications partner to launch Webex Calling in India

Cisco and Tata Communications launched their Webex Calling solution in India with a cloud public switched telephone network, aimed at helping enterprises move from on-premises phone systems to a global cloud calling system. The calls will be routed via Tata Communications’ data center in the Mumbai region, thereby helping organizations stay compliant with local regulations,

Webex Calling is a modern and complete business phone system that delivers enterprise-grade calling through a globally available cloud platform with over 14 million users around the world. It provides businesses with powerful innovations, flexible deployment options, and centralized administration.

India’s market capitalization to GDP ratio is at a 15-year high of 140%

The stock prices of listed companies continue to outpace growth in India’s gross domestic product (GDP). The market capitalization (mcap) of all companies listed and traded on the BSE is up 61% since the end of March 2023, compared to an estimated 10% growth in India’s GDP at current prices in 2023-24 (FY24).

As a result, India’s mcap-to-GDP ratio has hit a 15-year high of 140.2%, up sharply from 95.8% at the end of March 2023.

According to data from BSE, the 4,357 companies available for trade had a combined mcap of around Rs 416 trillion on Tuesday against India’s GDP at current prices of Rs 296.6 trillion in FY24.

The combined mcap of India’s top 30 listed companies that are part of the S&P BSE Sensex is up only 27.2% in this period. The Sensex companies’ combined mcap has risen from Rs 115.9 trillion at the end of March 2023 to Rs 147.4 trillion. The traded value of the 2 indices tracks the changes in the combined free-float mcap rather than the companies’ full mcap.

Spain Becomes 99th Member Of International Solar Alliance

Spain has become the 99th member of the International Solar Alliance. Spain handed over the International Solar Alliance Instrument of Ratification. India and France jointly launched the International Solar Alliance during COP21 in Paris. The ISA aims to contribute to the implementation of the Paris Climate Agreement through the rapid and massive deployment of solar energy.

Earlier, in March, Panama officially ratified the International Solar Alliance (ISA), marking its entry as the 97th member nation.

Cabinet Approves Over Rs 10,300 Crore for IndiaAI Mission

The Cabinet has approved an allocation of over Rs 10,300 crore for the IndiaAI Mission today, marking a significant step towards bolstering India’s AI ecosystem. The overarching aim of this financial outlay is to ensure a structured implementation of the IndiaAI Mission through a public-private partnership model aimed at nurturing India’s AI innovation ecosystem.

This substantial financial infusion, slated over the next five years, is poised to catalyze various components of the IndiaAI Mission, including pivotal initiatives like the IndiaAI Compute Capacity, IndiaAI Innovation Centre (IAIC), IndiaAI Datasets Platform, IndiaAI Application Development Initiative, IndiaAI FutureSkills, IndiaAI Startup Financing, and Safe & Trusted AI.

The world’s highest observatory begins operations in Chile

The University of Tokyo has inaugurated the Atacama Observatory (TAO). It has been built on the summit of Cerro Chajnantor in the Antofagasta Region, at 5,640 meters above sea level. TAO also houses a 6.5-meter optical-infrared telescope. TAO is officially now the highest observatory in the world and has been awarded a Guinness World Record.

Daily Current Affairs 2024

Get a competitive edge in all government exams with Daily Current Affairs 2024 by Oliveboard! Tailored for exams like NABARD Grade A, RBI Grade B, SEBI Grade A, IFSCA Grade A, IBPS PO, IBPS Clerk, SBI PO and SBI Clerk, IDBI Assistant Manager, FCI, SSC CGL, SSC CHSL, LIC AAO, LIC ADO, UPSC CSE & various other exams., our daily updates keep you ahead of the curve. Stay informed about the latest events in politics, economics, technology, and beyond. With concise summaries, Oliveboard’s Daily Current Affairs helps you stay abreast of important topics and enhance your exam preparation. Stay ahead, stay informed, and increase your chances of success with Oliveboard’s Daily Current Affairs 2024!

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