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Current Affairs – July 12 2023
1. IIT Guwahati has developed an AI-based framework called Osteo HRNet
Researchers from the Indian Institute of Technology (IIT) Guwahati have developed an AI-based framework called Osteo HRNet.
This framework aims to revolutionize the assessment of Knee Osteoarthritis (OA) severity through the automatic analysis of X-ray images.
While MRI and CT scans offer a 3D view of knee joints for accurate diagnosis, their limited availability and high cost hinder their widespread use. X-ray imaging, on the other hand, emerges as a more economically feasible option for routine diagnosis.
2. Navantia and L&T Collaborate for Indian Navy’s P75 (I) Submarine Program Bid
Spain’s Navantia and Larsen & Toubro (L&T) have entered into a Teaming Agreement (TA) for the Indian Navy’s prestigious P75 (India) submarine program.
The signing of the agreement took place in the presence of SN Subrahmanyan, CEO & MD of L&T, and Augustin Alvarez Blanco, Naval Construction Vice President and Member of the Board at Navantia.
This collaboration marks an important milestone in India’s defense acquisition.
3. ITC board reappoints Sanjiv Puri as chairman & managing director
In a significant development, the board of ITC Ltd has re-appointed Sanjiv Puri as the company’s Chairman and Managing Director for a period of five years.
The decision, made on the recommendation of the committee, is set to take effect from July 22, 2024.
ITC Limited is an eminent Indian conglomerate, which holds a prominent position among the largest companies in the country. Its operations encompass a diverse range of business sectors, such as tobacco manufacturing, food processing, retailing, and financial services.
4. SBI appoints Abhijit Chakravorty as SBI Card’s CEO
SBI Cards & Payment Services (SBI Card), the country’s largest pure-play credit card issuer, has appointed Abhijit Chakravorty as MD & CEO.
Chakravorty, who is presently a Deputy Managing Director at SBI, will assume charge of his new role on August 12, SBI Card said in a filing with stock exchanges.
He has been appointed as SBI Card’s MD&CEO for two years.
Incumbent MD & CEO Rama Mohan Rao Amara has tendered his resignation owing to his transfer to SBI. Amara will demit office on August 11.
5. NABARD Foundation Day 2023 is observed on July 12
The National Bank for Agriculture and Rural Development (NABARD) celebrated its 42nd Foundation Day on July 12, 2023.
The day was marked by a series of events across the country, including a webinar on the theme of “NABARD: 42 Years of Rural Transformation.”
The webinar was addressed by the Union Minister of Agriculture and Farmers’ Welfare, Shri Narendra Singh Tomar, who highlighted the important role that NABARD has played in the development of rural India.
He said that NABARD has helped to increase agricultural production, improve rural infrastructure, and promote financial inclusion in rural areas.
6. India bags 11 medals in World Archery Youth Championships, 2023
India has secured the second position with an impressive haul of 11 medals, including six gold, one silver, and four bronze in the recently concluded biannual event, the 2023 World Archery Youth Championships in Limerick, Ireland.
Parth Salunkhe, a rising Indian archer created history by becoming the first Indian male archer to win the Youth World Championship in the recurve category.
A grand total of 518 archers (comprising 277 men and 241 women) from 58 different countries participated in both individual and team events.
7. Lambani Art set the Guinness World record in the 3rd G20 CWC meeting
India’s G-20 Presidency recently achieved a remarkable feat by setting a new Guinness World record. The record-breaking involved the largest display of Lambani items, showcasing the rich heritage of India.
As per the 3rd G20 culture working group (CWG) meeting held at Hampi, Kolkata, a Guinness World record was created for the largest display of ‘Lambani Art.’
This culture working group meeting was titled ‘Threads of Unity.’
8. PM Modi to be guest of honor for French military parade
Indian Prime Minister Narendra Modi has been invited as the guest of honor for France’s Bastille Day celebrations, which will take place on July 14.
The Bastille Day military parade will witness the participation of Indian forces, emphasizing the strengthening strategic alliance between France and India
9. World Paper Bag Day 2023 is observed on July 12
On July 12, World Paper Bag Day is celebrated annually to promote the significance of utilizing paper bags instead of plastic.
This observance serves as a reminder to prioritize environmentally conscious choices in our everyday lives and encourages individuals and businesses to adopt more sustainable alternatives.
