Current Affairs – June 26 2023
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Current Affairs – June 26 2023
1. 2023 IMD World Competitiveness Ranking
The 2023 Global Competitiveness Index, published by the International Institute for Management Development (IMD), has named Denmark, Ireland, and Switzerland as the top three most competitive economies among 64 nations surveyed.
The report highlights the unique approaches taken by these countries to achieve competitiveness and emphasizes the importance of long-term value creation.
In this article, we will delve into the rankings, key findings, and notable advancements and challenges faced by various countries.
Denmark Reigns Supreme
In the highly anticipated ranking, Denmark emerged as the top-ranked country for competitiveness.
This achievement reflects the country’s consistent excellence across all four measured factors: economic performance, government efficiency, infrastructure, and business efficiency.
2. India-Egypt Strategic Partnership
India and Egypt have taken significant steps to enhance their bilateral cooperation through a strategic partnership agreement.
During Prime Minister Narendra Modi’s visit to Egypt, several key developments unfolded, solidifying the relationship between the two nations.
Enhancing Bilateral Cooperation
The strategic partnership agreement between India and Egypt aims to strengthen bilateral cooperation across various sectors.
Its primary purpose is to enhance the existing relationship between the two nations and foster closer ties on multiple fronts.
3. FIFA appoints Indonesia as U-17 World Cup host
In a significant achievement for Indonesian sports, the Ministry of Youth and Sports has warmly welcomed FIFA’s decision to choose Indonesia as the host country for the upcoming U-17 World Cup.
The announcement has sparked excitement and optimism among officials and sports enthusiasts alike.
Minister Ariotedjo (Minister of Youth and Sports), expressed his gratitude and outlined the next steps to ensure a successful event.
Collaboration with Football Association of Indonesia (PSSI)
Minister Ariotedjo emphasized the importance of collaboration and synergy with the Football Association of Indonesia (PSSI) to ensure a seamless preparation for the U-17 World Cup.
The Ministry intends to invite PSSI officials to engage in fruitful discussions regarding the championship’s organization and administration.
4. Alappuzha doctor K. Venugopal bags IMA award
Indian Medical Association has selected Dr. K. Venugopal, chief consultant in respiratory medicine at General Hospital, Alappuzha (City in Kerala) for the Indian Medical Association (IMA) awards under the category of community service.
He will receive the award at a function to be held at IMA headquarters in New Delhi on July 1,2023
5. Infosys signs $454 million deal with Danske Bank for digital transformation
Infosys and Danske Bank have entered into a long-term collaboration aimed at accelerating the bank’s digital transformation goals.
The collaboration, valued at $454 million for an initial 5-year period, with the potential for three one-year extensions, is intended to support Danske Bank in achieving its strategic objectives of improving client experiences, operational efficiency, and implementing advanced technologies for a modernized technological environment.
This collaboration is expected to bring speed and scalability to Danske Bank’s digital transformation journey.
6. Assam’s First Underwater Tunnel To Come Up Under Brahmaputra
Assam Chief Minister Himanta Biswa Sarma recently announced the construction of Assam’s first-ever underwater tunnel, connecting Numaligarh and Gohpur.
This groundbreaking project, estimated to cost Rs 6,000 crores, will be the first rail-road tunnel under the Brahmaputra River in northeast India.
The tenders for the project are scheduled to open next month, marking a significant milestone in the region’s transportation infrastructure.
7. Singer-composer Shankar Mahadevan receives honorary doctorate in UK
Renowned singer-composer Shankar Mahadevan has been granted an honorary doctorate by Birmingham City University (BCU) in England.
The prestigious recognition is a tribute to his significant contributions to the field of music and the arts. Shankar Mahadevan, 56 years old, is a prominent member of the highly accomplished music composing trio known as Shankar-Ehsaan-Loy.
The honorary doctorate was presented to him by Professor Philip Plowden, the Vice-Chancellor of Birmingham City University, during a ceremony held in Birmingham.
8. World Bank Grants USD 255.5 Million Loan to Enhance Technical Education in India
The World Bank has approved a USD 255.5 million loan to support the enhancement of technical education in government-run institutions across India.
The project aims to improve the quality of education and provide more career opportunities to students.
Over the next five years, approximately 275 selected government-run technical institutions will benefit from this funding, benefiting more than 350,000 students annually.
9. Global Startup Ecosystem Report 2023: Bengaluru Startup Ecosystem Ranks 20th
The recently released Global Startup Ecosystem Report 2023 (GSER 2023) by Startup Genome provides a comprehensive analysis of startup ecosystems worldwide.
With data from millions of startups across various ecosystems, the report offers valuable insights into the global startup landscape.
Bengaluru, known as India’s Silicon Valley, has secured the 20th position on the list, climbing two spots from the previous year.
Global Startup Ecosystem Report 2023: Top Ecosystems
The report highlights that the top three ecosystems—Silicon Valley, New York City, and London—have maintained their positions from 2020, securing the top spots.
However, Boston and Beijing have slipped out of the top five, making room for Los Angeles to rise to #4 and Tel Aviv to #5.
10. PM Narendra Modi receives Egypt’s highest honour ‘Order of the Nile’
During his official visit to Egypt, Prime Minister Narendra Modi was bestowed with the highest state honor of Egypt, known as the ‘Order of the Nile.’
This recognition marks the 13th international award received by Prime Minister Modi.
The prestigious award was presented to him by Egyptian President Abdel Fattah al-Sisi, making it a significant moment as Prime Minister Modi became the first Indian Prime Minister to visit Egypt since 1997.
11. World Drug Day 2023 is observed on June 26
Every year on June 26th, the International Day against Drug Abuse and Illicit Trafficking, also known as World Drug Day, is observed to promote global efforts in eliminating drug abuse.
The focus of this year’s campaign is to increase awareness regarding the significance of treating individuals who engage in drug use with empathy and respect.
It emphasizes the importance of providing evidence-based and voluntary services to all, while offering alternatives to punishment.
World Drug Day 2023 Theme
This year World Drug Day’s theme is “People first: Stop stigma and discrimination, strengthen prevention”.
