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Daily Current Affairs 17th August 2023: Your guide for daily General Knowledge Preparation

Dear Readers,
This post contains important current affairs of 17th August 2023. It includes all Major National, International, Business, and Sports related current affairs of 17th August 2023. We have briefly explained every current affairs matter to help you further understand your general knowledge. Once you have gone through these current affairs, we would recommend that you try the 17th August 2023 Current Affairs test.

National News
1. ADB Grants USD 40.5 Million Loan for Child Development and Maternal Health in Meghalaya

  • The Asian Development Bank (ADB) has approved a USD 40.5 million loan aimed at improving early childhood care and maternal psychological health in the northeastern state of Meghalaya.
  • Additionally, the Meghalaya government will provide an extra USD 15.27 million to strengthen both home and center-based childcare through the enhancement of Anganwadi centers.
  • The ADB-funded initiative will see the renovation of 1,800 existing Anganwadi facilities and the construction of approximately 600 new centers, primarily focused on aiding remote and underserved communities.

2. Tamil Nadu to House India’s Premier Drone Testing Facility

  • The Tamil Nadu Industrial Development Corporation (TIDCO) plans to establish India’s first Drone Common Testing Center with an investment of Rs 45 crore.
  • As part of its ambition to be a leader in the Aerospace and Defence sectors, Tamil Nadu aims to foster innovative projects in these fields.
  • Located in the SIPCOT Industrial Park, Vallam Vadagal near Sriperumbudur, the 2.3-acre center aims to enhance India’s capabilities in drone technology.

3. Indian Government Initiates ‘Meri Maati Mera Desh Campaign’

  • The Indian Government has launched the ‘Meri Maati Mera Desh Campaign’ as part of the Azadi Ka Amrit Mahotsav celebrations.
  • The campaign involved planting 75 native tree species at multiple Air Force Stations in and around Delhi, an initiative named ‘Vasudha Vandhan’.
  • Community residents, local students, station personnel, and village leaders participated in the tree planting, paying homage to freedom fighters and underlining the importance of nation-building.

Business News
4. Hyundai Motor Eyes Acquisition of General Motors’ Talegaon Facility

  • Hyundai Motor India plans to acquire General Motors’ Talegaon plant in Maharashtra.
  • The acquisition is part of Hyundai’s strategic vision and is expected to begin production by 2025.
  • This development marks a significant shift in General Motors’ presence in India, which ceased car sales in 2017 due to low demand.

5. Overview of the PM Vishwakarma Scheme: Advantages and Criteria

  • The Indian Government’s Vishwakarma Yojana aims to provide financial support to artisans involved in traditional crafts.
  • The program has allocated Rs 13,000 crore for artisans across the country, offering low-interest loans up to Rs 2 lakh.
  • Artisans participating in the scheme will also receive a stipend of Rs 500 for skill development and an additional Rs 1500 for modern tool acquisition.

Sports News
6. Chennai Debuts India’s First Nighttime Street Racing Circuit

  • In collaboration with Racing Promotions Private Limited (RRPL), the Tamil Nadu government has launched India’s first nighttime street racing circuit in Chennai.
  • The circuit features a diverse layout, including multiple turns, elevation changes, and chicanes, along with stunning views of Marina Beach Road and the Bay of Bengal.
  • The inaugural event, set for December 9-10, will feature races from the F4 Indian Championship and the Indian Racing League.

Science and Technology News
7. KAIST Introduces ‘Pibot’, The Humanlike Robot Aircraft Pilot

  • The Korea Advanced Institute of Science & Technology (KAIST) has unveiled “Pibot,” a humanoid robot designed to pilot aircraft.
  • Pibot’s advanced AI capabilities enable it to understand complex flight manuals and store extensive aviation navigation charts, surpassing human capabilities.
  • With its adaptability and ability to interact with various aircraft controls, Pibot presents a promising future in aviation and other sectors.

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