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Daily Current Affairs 23rd May, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 23rd May, 2024. It includes all Major National, International, Business and Sports related current affairs of 23rd May, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 23rd May, 2024 Current affairs test.


National News

India to Facilitate First-Ever Focused Working Group Discussions on Antarctic Tourism

India will take a leading role in organizing the first focused discussions on regulating tourism in Antarctica during the 46th Antarctic Treaty Consultative Meeting (ATCM) and the 26th Meeting of the Committee for Environmental Protection (CEP). These meetings, hosted by the National Centre for Polar and Ocean Research (NCPOR) under the Ministry of Earth Sciences, and the Antarctic Treaty Secretariat, will be held in Kochi, Kerala, from May 20 to May 30, 2024. Over 350 delegates from nearly 40 countries are expected to participate.

International News

To Lam Elected as the New President of Vietnam

To Lam, the former Minister of Public Security in Vietnam, has been elected as the new president by the National Assembly. His election comes amid a significant anti-corruption campaign that has led to numerous changes within the country’s political and business sectors.

Spain Becomes 99th Member of International Solar Alliance

Spain has joined the International Solar Alliance (ISA) as its 99th member. The Instrument of Ratification was presented by Spain’s Ambassador to India, José María Ridao Domínguez, to Abhishek Singh, Joint Secretary in the Ministry of External Affairs (MEA), during a meeting in New Delhi.

EU Approves World’s First Major AI Law

The European Union has officially approved the AI Act, making it the first major legislation globally to regulate artificial intelligence. This historic law establishes comprehensive rules to ensure trust, transparency, and accountability in AI technologies while encouraging innovation within Europe.

State News

Assam’s DRIMS: Revolutionizing Disaster Management

Assam has launched the Disaster Reporting and Information Management System (DRIMS), a cutting-edge digital platform developed by the Assam State Disaster Management Authority (ASDMA). This system aims to streamline the reporting and assessment of damages caused by various disasters, ensuring quick distribution of aid to those affected.

Appointments News

Ramesh Babu V. Sworn in as Member of Central Electricity Regulatory Commission

Shri Ramesh Babu V. was sworn in as a Member of the Central Electricity Regulatory Commission (CERC) on May 21, 2024. The oath of office and secrecy was administered by the Union Minister for Power and New & Renewable Energy, Shri R. K. Singh.

Rushabh Gandhi Appointed as MD and CEO of IndiaFirst Life Insurance

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Rushabh Gandhi, the current Deputy Chief Executive Officer, has been promoted to Managing Director and Chief Executive Officer (MD and CEO) of IndiaFirst Life Insurance. This promotion aligns with the company’s succession strategy and marks a significant milestone for the organization.

Defence News

CDS Gen Anil Chauhan Attends Exercise Cyber Suraksha – 2024

Chief of Defence Staff (CDS) Gen Anil Chauhan participated in the ‘Exercise Cyber Suraksha – 2024’ on May 22, 2024, highlighting the importance of enhancing India’s cyber defence capabilities. The Defence Cyber Agency conducted this comprehensive cyber defence exercise from May 20 to May 24, 2024, to strengthen collaboration and integration among military and national agencies, improving the country’s cyber defence readiness.

Awards News

NTPC Shines at ATD BEST Awards 2024

NTPC, a public sector company, has achieved the third rank worldwide in the Talent Development category at the ATD BEST Awards 2024. The award ceremony took place in New Orleans, USA, on May 21, 2024. Ms. Rachana Singh Bhal, NTPC’s Chief General Manager of Strategic HR & Talent Management, accepted the award on behalf of the company.

Banking News

Record Rs 2.11 Lakh Crore RBI Dividend to Central Government for 2023-24

The Reserve Bank of India’s (RBI) Central Board of Directors has approved the transfer of a record Rs 2.11 lakh crore as a dividend to the Government of India for the fiscal year 2023-24. This announcement followed the Central Board of Directors meeting on May 22, 2024, in Mumbai. This is the highest-ever dividend, despite an increase in the Contingent Buffer Risk to 6.5% for 2023-24.

Business News

Swiggy Fortifies Fraud Prevention with SHIELD Partnership

Swiggy, an online food delivery platform, has partnered with SHIELD, a device-first risk AI platform, to enhance its fraud prevention and detection capabilities. This strategic partnership aims to address promo abuse and prevent fraudulent activities within Swiggy’s Delivery Partner ecosystem.

IOCL Exports Premium Fuel XP100 to Sri Lanka

Indian Oil Corporation Ltd. (IOCL) has exported its first consignment of 100 octane premium fuel, XP100, to Sri Lanka. The high-quality fuel, designed for premium high-end vehicles, was shipped from the Jawaharlal Nehru Port Trust in Mumbai. This milestone highlights IOCL’s commitment to expanding its global presence and showcasing the quality of its products.

India’s Market Capitalization Reaches USD 5 Trillion Milestone

India’s market capitalization has reached a historic USD 5 trillion, a significant achievement that underscores the country’s robust economic resilience and investor confidence. This milestone was achieved in under six months since surpassing the USD 4 trillion mark.

SIDBI Partners with Airbus Helicopters to Finance Helicopter Purchases in India

SIDBI has partnered with Airbus Helicopters to enter the helicopter financing market in India. Through a recent Memorandum of Understanding (MoU), this collaboration aims to facilitate the financing of Airbus helicopters for potential civil operators in the country.

Important Days

Vesak 2024: Celebrating the Birth, Enlightenment, and Passing of the Buddha

Vesak, also known as Buddha Purnima or Buddha Day, is the most sacred day for millions of Buddhists worldwide. This day commemorates three significant events in the life of Gautama Buddha: his birth, enlightenment, and passing away (Parinirvana).

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