Daily Current Affairs 18th April, 2023

Daily Current Affairs 18 April 2023 for Banking/Insurance/SSC and other related exams.

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In a first, Kerala adopts water budget to tackle summer water shortage
Kerala became the first state to adopt a water budget in a bid to come up with a solution to water scarcity in certain regions there. The first phase of the project would cover 94 gram panchayats and 15 block Panchayati.

  • The Public Water Budget was released by Chief Minister Pinarayi Vijayan, along with the launch of the third phase of the Ini Njan Ozhukatte (Let me flow now) project, for the rehabilitation of irrigation networks in the Western Ghats.
  • The idea of a water budget was first mooted by the state in 2019. The current Budget was prepared based on the availability and consumption of water in the state.

Arunachal Pradesh CM inaugurates Shar Nyima Tsho Sum Namyig Lhakhang (Gonpa) in Tawang
The Chief Minister of Arunachal Pradesh, Pema Khandu, inaugurated the newly renovated Shar Nyima Tsho Sum Namyig Lhakhang (Gonpa) at Gyangkhar, his native village in Tawang district.

  • The Gonpa has great historical significance for the well-being of humans, particularly for the people of Shar Nyima Tsho Sum and all Buddhists in general.
  • The 11-12th century Gonpa was on the verge of collapse, but it has now been renovated, and all the necessary rituals and blessings have been performed to restore it to its former glory.


India opens its 16th Visa application center in Kushtia
The 16th Indian Visa Application Centre (IVAC) in Bangladesh was inaugurated by High Commissioner Pranya Verma in Kushtia town. The opening ceremony was attended by Mahbubul Alam Hanif, a Member of Parliament from Kushtia-3.

  • The IVAC is expected to provide more convenience and accessibility to the residents of Kushtia and nearby areas who need to apply for visas to travel to India.

Syria becomes world’s largest ‘narco-state’: Report
According to reports, Syria has now become the world’s largest narco-state, with the majority of its foreign currency earnings coming from the production and export of Captagon, a highly addictive amphetamine commonly referred to as “poor man’s coke”.

  • In line with the definition provided by Collins Dictionary, Syria can be classified as a narco-state as the illegal trade of narcotics, specifically Captagon, forms a significant portion of its economy, accounting for over 90 percent of the country’s foreign currency earnings.


Apple opens its first India retail store at BKC, Mumbai
Apple Inc., which has been operating for more than 25 years in India opened Apple BKC, its first retail store in the country at Jio Centre, Bandra Kurla Complex (BKC), Mumbai in a significant move to solidify its base in this part of the world.

  • Apple CEO Tim Cook opened the gate of the store and personally received customers and was even seen posing for selfies. A large number of customers had lined up in queue since early morning to visit and buy Apple products from the store.

Elon Musk to launch ‘TruthGPT’ to counter Microsoft-backed ChatGPT
Billionaire Elon Musk said he will launch an artificial intelligence (AI) platform that he calls “TruthGPT” to challenge the offerings from Microsoft and Google.

  • He criticised Microsoft-backed OpenAI, the firm behind chatbot sensation ChatGPT, of “training the AI to lie” and said OpenAI has now become a “closed source”, “for-profit” organisation “closely allied with Microsoft”.


India-born academic named in task force to expand US-India univ partnerships
Neeli Bendapudi, an academic of Indian origin, has been selected as one of the five co-chairs of an Association of American Universities (AAU) task force that aims to enhance research and academic collaborations among higher education institutions in the United States and India.

  • In collaboration with the Biden administration’s US-India initiative on critical and emerging technology, AAU has established a national task force that aims to expand technological and industrial cooperation between the United States and India.


Raj Subramaniam presented with Pravasi Bharatiya Samman
Raj Subramaniam, the CEO of FedEx, a renowned global transportation company, and an Indian-American, was recently honored with the distinguished Pravasi Bharatiya Samman award.

  • This award is the highest civilian recognition bestowed by India upon individuals of Indian descent and Indian diaspora.
  • Due to travel restrictions, Subramaniam, aged 55, received the award from Taranjit Singh Sandhu, India’s Ambassador to the US, at a ceremony held at India House instead of receiving it in India earlier this year.


IIT Indore develops low-cost camera in collaboration with Nasa, Caltech
IIT Indore, in partnership with NASA-Caltech and the University of Gothenburg in Sweden, has designed an inexpensive camera setup that can capture multispectral images of four chemical species in a flame using a single DSLR camera.

  • Previously, capturing such images required a complicated system with four cameras, but this new setup can simultaneously capture multiple spectral three-dimensional images of four chemical species in a flame using only one DSLR camera.

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