Daily Current Affairs 16th May 2023 For All Government Examinations

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WPI inflation declines for 11th straight month falls to -0.92% in April 2023

The Wholesale-Price based inflation (WPI) slipped into the negative territory for the first time in almost three years, as overall prices eased across the board for the month of April this year.

The WPI inflation fell (-) 0.92 per cent in April 2023, as compared to 1.34 per cent recorded in March and 15.38 per cent in April last year. The WPI inflation has fallen into negative for the first time since July 2020.

Key Highlights with Details

The decline in the rate of inflation in the month of April is primarily contributed by the fall in prices of basic metals, food products, mineral oils, textiles, non-food articles, chemical and chemical products, rubber and plastic products and paper products.

The country’s WPI inflation has been easing continuously for the last 11 months. The month-over-month change in WPI for the month of April 2023 over March 2023 remained at 0.0 per cent.

RBI imposes ₹2 lakh penalty on Tripura Gramin Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Tripura Gramin Bank for contravention of/non-adherence with the directions issued by RBI on ‘Strengthening of Prudential Norms - Provisioning, Asset Classification and Exposure Limit’ and ‘Regional Rural Banks - Income Recognition, Asset Classification and Provisioning Norms - Non-Performing Assets (NPAs)’.

RBI imposes ₹5 lakh penalty on Mizoram Rural Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5,00,000/- (Rupees Five Lakh only) on Mizoram Rural Bank for contravention of/ non-adherence with the directions issued by RBI on ‘Strengthening of Prudential Norms - Provisioning, Asset Classification and Exposure Limit’ and ‘Regional Rural Banks - Income Recognition, Asset Classification and Provisioning Norms - Non-Performing Assets (NPAs)’.

Air Marshal Ashutosh Dixit takes over as Deputy Chief of Air Staff

Air Marshal Ashutosh Dixit took over as the Deputy Chief of the Air Staff.

About IAF Deputy Chief Air Marshal Ashutosh Dixit

An alumnus of the National Defence Academy, Ashutosh Dixit was Commissioned in the fighter stream on 06 December 1986. He is a graduate of the Staff Course, Bangladesh and National Defence College, New Delhi.

The Air Marshal is a Qualified Flying Instructor as well as an Experimental Test pilot, with over 3300 hours of flying experience on fighter, trainer and transport aircraft. He participated in Operation Safed Sagar and Rakshak.

Air Marshal Dixit commanded a Mirage 2000 Squadron, a frontline fighter base in the Western sector, as well as a premier fighter training base. He has earlier served as Principal Director Air Staff Requirement, Assistant Chief of the Air Staff (Projects) & Assistant Chief of the Air Staff (Plans) at Air Headquarters.....Read More

Army Chief Gen Manoj Pande on two-day visit to Egypt

General Manoj Pande, the Chief of the Army Staff (COAS) has proceeded on a visit to Egypt from 16 to 17 May 2023.

During the visit, Army Chief Manoj Pande will be meeting the Country’s senior military leadership where he will discuss avenues for further enhancing Indo-Egypt defence relations. He will be visiting various Egyptian Armed Forces establishments and exchange ideas on issues of mutual interest.

MoHUA launches Mega Campaign 'Meri LiFE, Mera Swachh Shehar'

Minister for Housing and Urban Affairs, Hardeep S. Puri launched MoHUA’s mega campaign ‘Meri LiFE, Mera Swachh Shehar’.

The Ministry of Housing and Urban Affairs (MoHUA)’s campaign titled – ‘Meri LiFE, Mera Swachh Shehar’ is launched to champion the RRR’s of waste management- Reduce, Reuse, and Recycle.

Meri LiFE, Mera Swachh Shehar Campaign: Aims

‘Meri LiFE, Mera Swachh Shehar’ nationwide campaign aims to highlight cities to set up ‘Reduce, Reuse, Recycle (RRR) Centres, one stop collection centres, for citizens to contribute clothes, shoes, old books, toys and used plastic to be reused or recycled.

This three-week campaign will strengthen citizen’s resolve under SBM-U 2.0 - to reduce, reuse and recycle – and will also champion Mission LiFE’s objective of taking collective action for the protection and conservation of the environment by adopting sustainable daily habits.

Minister Bhupender Yadav launches Meri LiFE App

To catalyze youth action for climate change as a build up to June 5, World Environment Day, Union Minister for Environment, Forest, and Climate Change Shri Bhupender Yadav launched a mobile application, called “Meri LiFE” (My life).

The Meri LiFE app will help in creating a structured way to track the progress being made on Mission LiFE. Upon successful sign-up, users will be guided to participate in a series of LiFE related tasks under the following 5 themes, namely, Save Energy, Save Water, Reduce Single Use Plastic, Adopt Sustainable Food Systems and Adopt Healthy Lifestyle. Through a gamified experience, the app nudges people to take the 5 for 5 challenge- take Five LiFE Actions towards June 5th. The app is available on Google Play Store.

The mass mobilization campaign will culminate on the occasion of World Environment Day 2023 on 5th June. The theme for this year is Solutions to Plastic Pollution, a topic which aligns with one of the 7 themes of Mission LiFE: “Reducing the use of single-use plastic items”.

India to participate in 76th edition of the Cannes 2023

India will participate in the 76th edition of the Cannes 2023 with the spirit of Vasudhaiva Kutumbakam, 'One Earth, One Family, One Future' showcasing our rich Indian culture and the powerful creative economy.

Indian Science Forum to Organise Annual Science Fiesta in Muscat from 19-20 May

The Indian Science Forum (ISF), a group dedicated to promoting science under the Indian Social Club Oman, is organizing the annual Science Fiesta on May 19 and 20 at the Al Hail Campus of the National University of Science and Technology.

Over 20 Indian schools will participate in various competitions, including debates, symposiums, on-the-spot science projects, exhibitions, and photography.

iDEX-DIO signs 250th contract, first under Mission DefSpace & 100th SPRINT (Navy) contract

Innovations for Defence Excellence (iDEX), the flagship initiative of the Ministry of Defence, has reached a milestone with the signing of its 250th contract - first under Mission DefSpace - and 100th SPRINT (Navy) contract in New Delhi.

The first iDEX contract of Mission DefSpace was exchanged between Additional Secretary (Defence Production) & CEO Defence Innovation Organisation (DIO) T Natarajan and CEO, InspeCity Arindrajit Chowdhary, one of the winners of the challenge ‘Micropropulsion system for cubesats’. This challenge is being led by the Defence Space Agency.

The 100th SPRINT (Navy) contract was exchanged between AS (DP) & CEO-DIO and CEO, Siliconia Technologies Pvt Ltd Shri Sushil Eknath Ghule.

About iDEX

Till date, iDEX has received more than 7,500 applications from individual innovators, MSMEs and start-ups under various categories of challenges like DISC, Prime and Open Challenge. iDEX has also been able to generate thousands of jobs and attract India’s talent back to the country

The iDEX framework was launched by the Prime Minister in 2018 with the objective to provide the platform of co-creation & co-development in the defence sector. It aims to engage start-ups to contribute to the defence sector and develop defence and aerospace setup in the country.

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Daily Current Affairs 16th May 2023 For All Government Examinations