Current Affairs – April 26 2023

In Current Affairs 2023
April 26, 2023

Current Affairs – April 26 2023

Current Affairs – April 26 2023. Read and Download daily, monthly latest Current Affairs Daily Digest 2023 for competitive exams like UPSC, SSC, IBPS, SBI etc,. Download month wise Current affairs 2023 PDF and Current affairs quiz PDF .

Current Affairs – April 26 2023

1. Microsoft India president Anant Maheshwari appointed Nasscom chairperson

Anant Maheshwari, the President of Microsoft India, has been appointed as the Chairperson of Nasscom for the period 2023-24, succeeding Krishnan Ramanujam, the President of Business and Technology Services at Tata Consultancy Services, who held the position for the year 2022-23.

Additionally, Rajesh Nambiar, the Chairman and Managing Director of Cognizant India, has been named as the Vice Chairperson of Nasscom for 2023-24. Nasscom is the top association for the software and IT services industry.

2. Shreekant Bhandiwad named as Chairman of KVGB

Shreekant M Bhandiwad has become the new Chairman of Karnataka Vikas Grameena Bank (KVGB), taking over the position from his predecessor. Prior to his appointment, Bhandiwad served as the head of the Patna circle of Canara Bank, and also gained experience working in the CMD’s Secretariat at the bank’s head office.

P Gopikrishna, who previously served as the Chairman of Karnataka Vikas Grameena Bank, has been repatriated to Canara Bank as the Circle Head in Bengaluru. During Gopikrishna’s tenure as Chairman, the bank’s business grew from ₹24,775 crore to ₹33,100 crore, according to a statement.

3. Index of Economic Freedom Significance, Methodology and Rank of India

The Index of Economic Freedom is an annual report that measures the level of economic freedom in countries around the world.

The index is published by The Heritage Foundation, a conservative think tank based in Washington D.C., in partnership with The Wall Street Journal. The index uses a combination of qualitative and quantitative data to rank countries on a scale of 0 to 100, with 100 representing the highest level of economic freedom.

According to the 2021 Index of Economic Freedom, Hong Kong topped the rankings for the 27th consecutive year, followed by Singapore, New Zealand, Australia, and Switzerland.
The United States ranked 20th, while China ranked 107th out of 180 countries.
In the Index, India is placed at the 121st spot out of 184 nations. India still struggles in areas such as government honesty, freedom for labor, and financial stability, which are significant factors that impact its total score and position on the Index.

4. World Intellectual Property Day 2023 observed on 26 April

World Intellectual Property Day is marked on April 26th with the objective of raising awareness about the impact that patents, copyrights, trademarks, and designs have on our daily lives.

The purpose of intellectual property (IP) rights is to encourage innovation and creativity worldwide, with a particular focus on the younger generation’s potential to create sustainable solutions for the IP refers to intangible assets generated by the mind, including inventions, literary and artistic works, designs, symbols, names, and images used in commerce.

5. IIT Madras to set up its first international campus in Tanzania

IIT Madras is set to establish the first Indian Institute of Technology in Africa in Tanzania, with classes scheduled to begin in October. The new campus will be located in Zanzibar, and marks IIT Madras’ first international campus.

V Kamakoti, the institute’s director, announced the plans during his address at IIT Madras’ 64th Institute Day. A team of five IIT Madras professors visited Tanzania in February to hold discussions with officials about setting up the new campus.

6. International Chernobyl Disaster Remembrance Day 2023 observed on 26 April

International Chernobyl Disaster Remembrance Day is observed on April 26, annually, in memory and honour of those who lost their lives. Below are some of the key facts about the disaster.

It is a day that will eternally be associated with the tragic day that the Chernobyl Nuclear Power Plant, formally known as the Vladimir Lenin Nuclear Power Plant, experienced a systems test malfunction.

7. SBI’s fourth startup branch opens in Mumbai BKC

SBI opened its fourth branch exclusively for startups in Mumbai’s BKC area. At the inaugural event, SBI Chairman Dinesh Khara stated that the branch’s key objective is to offer comprehensive assistance to startups throughout their journey, from establishing their business entity to conducting IPOs and FPOs.

In addition to providing standard banking services to startups, the branch will also serve as a comprehensive resource for investment banking, treasury/forex, advisory, and other supplementary financial services offered by the bank’s subsidiaries, according to him.

8. India Ranks Fourth in Global Military Expenditure: SIPRI Report

According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure has reached a new record high of $2240 billion, increasing by 3.7% in real terms in 2022.

Europe witnessed its most substantial year-on-year increase in military spending in at least 30 years. The United States, China, and Russia, which are the three largest military spenders, contributed 56% of the total global military expenditure in 2022. These findings were released by SIPRI in its latest report on global military spending.

About India :

India’s military expenditure in 2022 amounted to $81.4 billion, which is the fourth-highest in the world. This represents a 6% increase compared to the previous year’s spending.

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