Daily Current Affairs 26th April, 2023

Daily Current Affairs 26 April 2023 for Banking/Insurance/SSC and other related exams.

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Japan’s Health Ministry approves country’s first abortion pill
In a significant boost to reproductive rights, Japan’s Health Ministry has approved the country’s first abortion pill. While abortion pills are widely available in many countries across the globe, the medication was not approved by Japan’s Health Ministry. 

  • The approval came from the Health Ministry’s Pharmaceutical Board after it approved the MeFeego Pack abortion pill manufactured by British pharmaceutical Linepharma.
  • Japan’s Health Ministry had first said in January this year to review the drug and had asked the public to submit their opinions through an online portal. The board’s recommendation will now go to the Health Minister for final approva

India, Iran and Armenia forms new trilateral to deepen regional relations
In a move aimed at strengthening regional co-operation, India, Iran and Armenia have formed a trilateral grouping. The first trilateral political consultation between the ministries of foreign affairs of the three countries was held in the Armenian capital, Yerevan

  • The delegations were led by Mnatsakan Safaryan, the deputy foreign minister of Armenia, Seyed Rasoul Mousavi, the assistant of the foreign minister of Iran, and JP Singh, the joint secretary of the ministry of external affairs of India according to Armenia’s foreign ministry. 
  • During the meeting, the sides particularly discussed economic issues and regional communication channels, outlined the prospects of deepening cultural and people to people contacts as well as trilateral cooperation in various fields. 


Indian neobanking startup Jupiter granted NBFC licence by RBI
Jupiter, a neobanking start-up based in Bengaluru, India, has been granted a non-banking finance company (NBFC) license by the Reserve Bank of India (RBI). The move will allow the firm to offer credit directly to customers and builds on Jupiter’s existing lending operations through partner NBFCs.

  • The firm, which has raised more than $160 million in equity funding and was last valued at more than $700 million, intends to use Rs 100 crore ($13.3 million) in capital to fund the NBFC’s credit operations and aims to hit annual disbursements of Rs 600-700 crore ($80 million-$93 million) in short- and medium-term personal loans. The NBFC will operate under Amica Finance, a separate entity.

Bajaj Allianz General Insurance partners with actyv.ai to offer Insurance to Enterprises 
actyv.ai, the Singapore-headquartered enterprise SaaS platform with embedded B2B BNPL and insurance, a licensed corporate agency under IRDAI, has announced a partnership with Bajaj Allianz General Insurance to offer insurance products through their technology platform to enterprises and the partner ecosystem across the Supply chain.

  • Bajaj Allianz General Insurance, one of the leading private general insurers in India, with its strong focus on delivering superior value and customer centricity will leverage the technology stack of the actyv.ai platform by offering innovative insurance products to champion the sustainability of suppliers, distributors, and retailers. 
  • With this collaboration, Bajaj Allianz will offer bite-sized commercial insurance products like Fire, Burglary, in addition to group health products like Personal Accident, Hospital Cash, Credit Linked Health Plan, and Group Health Plans.


Belgium firm to launch biodiesel project in Ayodhya soon
Belgium’s Vito is soon expected to launch a project to generate biodiesel from waste in Ayodhya. The temple town has been selected for the two-year pilot project.

  • The company, which focuses on clean technology and sustainable development, has already started working on the project. 
  • Belgium-based company Vito is set to launch a two-year pilot project aimed at producing biodiesel from waste in Ayodhya, India.The project will initially use one tonne of plastic waste to generate biodiesel.


Nasscom appoints Microsoft India President Anant Maheshwari as Chairperson
IT Industry body Nasscom announced Anant Maheshwari as the new Chairperson. Anant Maheshwari, who was Nasscom’s vice-chairperson, succeeds Krishnan Ramanujam, the president of business and technology services at TCS. 

  • Additionally, Rajesh Nambiar, the Chairman and Managing Director of Cognizant India, has been named as the Vice Chairperson of Nasscom for 2023-24.


Iconic Sharjah stadium stand named after Sachin Tendulkar on his 50th birthday
In honor of Sachin Tendulkar’s 50th birthday, the West Stand at the renowned Sharjah cricket stadium has been renamed as the ‘Sachin Tendulkar Stand.’ 

  • A special ceremony was held to commemorate the occasion, which coincided not only with the batting icon’s birthday but also with the 25th anniversary of his remarkable performance of scoring back-to-back centuries against Australia in 1998, known as the ‘Desert Storm,’ in front of a packed stadium.

Ratan Tata receives the Order of Australia, country’s highest civil honour
Ratan Tata has been awarded the Order of Australia (AO) honour, the highest civil honour in the country for his longstanding commitment to Indo-Australian ties specifically in the areas of trade, investment, and philanthropy.

  • Barry ‘O’ Farrell, who is Australia’s High Commissioner to India, shared some pictures from the ceremony and revealed that although Tata is a “titan” in the field of business, he has created a lasting impact in the business community and start-up ecosystem in Australia as well.


Piyush Goyal launches E-Commerce Portal to promote Handloom, Handicrafts
Union Minister of Textiles Piyush Goyal launched an E-Commerce portal for handicrafts and handloom sector. He attended an event in Gujarat for the launch, and said that the absence of middlemen to influence prices will help the craftspeople receive just compensation.

  • The aim of this portal is to provide products from more than 35 lakh handloom weavers and 27 lakh handicraft artisans directly to the consumers while eliminating the middlemen.

ISRO completes post-mission disposal operation of GSAT-12 satellite
The Indian Space Research Organisation (ISRO) recently completed the post-mission disposal (PMD) operation of the communication satellite GSAT-12. 

  • The satellite carrying 12 extended C band transponders was launched in 2011 and served for more than a decade. However, after the launch of its replacement satellite CMS-01 in 2020, the GSAT-12 was relocated to 47.96°E longitude from 83° E longitude where it was located till March 2021.
  • ISRO said that the Geosynchronous Earth Orbital (GEO) regime is one of the most populated and highly utilised regions and that the internationally accepted space debris mitigation guidelines by the UN and IADC recommend disposing of an object away from the GEO region at its end-of-life. 

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