17 May 2023 : Latest Current Affairs 17th May
Important Current Affairs 17th May 2023
In this article, we will discuss all the Current Affairs of 17th May including national, international, banking, finance, sports, awards, and many others. So if you are interested to know about the latest 17th May 2023 current affairs then read this article till the end.
Current Affairs of 17th May – National News
1. Google contributes $1 million to the Al research facility at IIT-Madras.
◉ Google, a major US technology company, has announced a $1 million contribution to the Indian Institute of Technology Madras (IIT Madras).
◉ The newly established Centre for Responsible Artificial Intelligence (CeRAI) at IIT Madras has announced Google as its first “platinum consortium” member.
◉ The main objective of CeRAI will be to provide top-notch research outputs, including patents, white papers, and research publications in conferences or journals with broad influence.
2. In Hyderabad, the biological control lab is opened by the agriculture minister.
◉ At the National Institute of Plant Health Management (NIPHM) in Hyderabad, Telangana, the Integrated Biological Control Laboratory has been officially opened by Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar.
◉ The Lab will include a Natural Farming Cell, Weed Museum, and Insect Museum.
◉ The employment of biological control techniques is the laboratory’s main area of interest.
◉ These techniques involve managing pests and illnesses in agricultural crops by using natural agents such as beneficial insects, predators, and parasites.
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Banking
3. ‘PayNearby Mall’ is now available from PayNearby for users and small merchants.
◉ PayNearby is an Indian branchless banking and digital network that just unveiled PayNearby Mall, a brand-new meta-commerce platform.
◉ The company wants to improve every retailer in its active network with this effort so they can gain from the ongoing e-commerce acceleration.
◉ This platform will be integrated with the Open Network for Digital Commerce (ONDC) platform and is intended to make it simple to access goods and services.
◉ Goal: To enable each merchant in its million-plus-active network to receive an upgrade so they can better satisfy customer demand.
4. CVV-less payments for tokenized cards are now available via NPCI.
◉ Card Verification Value (CVV)-free transactions are now available to RuPay debit, credit, and prepaid cardholders who have tokenized their cards on the merchant application or website.
◉ If the cardholder has saved (tokenized) their card on the e-commerce merchant who supports this feature, they won’t need to reach for their wallet or remember any card details thanks to this new CVV-less experience.
◉ During the domestic e-commerce transaction, they will only need to enter the OTP, or their device will auto-populate the OTP, and the payment will be completed.
◉ Tokenization is a straightforward solution that protects card transactions without giving the merchants access to actual or transparent card details.
5. Natural gas and WTI crude oil futures contracts are introduced by NSE.
◉ In its commodity derivatives division, the National Stock Exchange (NSE) has introduced NYMEX WTI Crude Oil and Natural Gas futures denominated in rupees.
◉ The availability of important energy products on a single trading platform would give market participants efficient trading and hedging opportunities.
◉ With important energy products available on a single trading platform, the contracts will offer market players efficient trading and hedging opportunities.
Appointment
6. Virat Kohli has been named a new brand ambassador by Duroflex.
◉ Duroflex Private Limited, a manufacturer of mattresses and sleep aids, has appointed batsman Virat Kohli as its brand ambassador.
◉ Inspiring people to put sleep first for a healthy future, Kohli will appeal to a larger audience. ‘Great Sleep, Great Health’ is the slogan of the campaign.
◉ He will advocate for the value of getting enough sleep for optimal health.
◉ In 2022, Indian batter Virat Kohli was replaced as the most valuable celebrity for sponsorships by Bollywood actor Ranveer Singh.
7. Vedanta names Sonal Srivastava its new chief financial officer.
◉ With effect from 1 June 2023, Sonal Shrivastava has been named the next Chief Financial Officer (CFO) of Vedanta Limited.
◉ Sonal Srivastava was the Chief Financial Officer for the Holcim Group’s activities in Asia Pacific, the Middle East, and Africa.
◉ Shrivastava has more than 26 years of expertise in finance leadership across a variety of industries.
◉ She graduated from BIT, Sindri with a bachelor’s in chemical engineering and from the Jamnalal Bajaj Institute of Management Studies with a master’s in business administration.
8. Appointment of Ravneet Kaur as CCI Chairperson
◉ Ravneet Kaur has been chosen by the government to lead the Competition Commission of India (CCI).
◉ Since Ashok Kumar Gupta’s resignation in October 2022, the competition regulator has been without a full-time Chairperson.
◉ Since October of last year, Sangeeta Verma, a CCI member, has served as chair.
Sports
9. First La Liga championship for Barcelona since 2019
◉ With a 4-2 victory over Espanyol, Barcelona has won its first Spanish league championship since the departure of Lionel Messi.
◉ The Catalan club won its first league title since 2019 thanks to two goals from Robert Lewandowski.
◉ With four rounds remaining and two years after Lionel Messi left the team due to financial difficulties, the championship was locked up.
◉ For Barcelona, which currently has 27 league titles, eight fewer than Real Madrid, Alejandro Balde, and Jules Koundé also scored.
Important day
11. World Telecommunication and Information Society Day is on May 17.
◉ The International Telecommunication Union (ITU) observes World Telecommunication Day, or World Telecommunication and Information Society Day, on May 17.
◉ The day emphasizes how the Internet and other communication platforms have impacted society.
◉ Theme 2023: Using information and communication technology to empower the least developed nations
12. International Day of Light is on May 16.
◉ Every year on May 16, the world observes the International Day of Light.
◉ Goal: To draw attention to the value of light and its contributions to sustainable development, culture, and the arts.
◉ The day also honors the function that light serves in a variety of industries, including electricity, communications, and medicine.
13. National Dengue Day is on May 16.
◉ The 16th of May is designated as National Dengue Day each year.
◉ Objective: To raise awareness of the condition and advocate for preventative measures.
◉ Theme: Fight Dengue, Save Lives in 2023
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