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Daily Archives: May 18, 2024

World’s AIDS Vaccine Day 2024

World’s AIDS Vaccine Day 2024: Date, Theme, History and Significance

May 18, 2024

World AIDS Vaccine Day, also known as HIV Vaccine Awareness Day, is observed annually on May 18th. This day is dedicated to raising awareness about the urgent need for AIDS vaccines and acknowledging the efforts of individuals, including doctors, scientists, and community members, who are committed to developing vaccines to combat HIV/AIDS. Understanding AIDS AIDS, …

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May 18, 2024 -_4.1

Coal India, NMDC, ONGC Videsh Seek Overseas Critical Mineral Assets

May 18, 2024

The Indian government has announced plans for public sector companies like Coal India, NMDC, and ONGC Videsh Ltd (OVL) to actively seek critical mineral assets overseas. This strategic move aims to secure vital mineral resources essential for various industries, including clean energy technologies and electric vehicles. Introduction of Overseas Ventures Coal India, NMDC, and ONGC …

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India's April Trade Performance: Exports Inch Up, Trade Deficit Widens

India’s April Trade Performance: Exports Inch Up, Trade Deficit Widens

May 18, 2024

In April, India’s merchandise exports saw a modest 1% increase, reaching $34.99 billion, driven by robust growth in sectors like electronics, chemicals, petroleum products, and pharmaceuticals, despite global economic uncertainties. However, the trade deficit widened to a five-month high of $19.1 billion, with imports rising by 10.25% to $54.09 billion. Notably, imports of gold and …

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May 18, 2024 -_6.1

DPIIT Reports Over 7 Million Transactions on ONDC Platform in April

May 18, 2024

The Open Network for Digital Commerce (ONDC), a digital infrastructure initiative launched in 2021, has witnessed remarkable growth, with transactions crossing 70 lakh in April this year. Led by the Department for Promotion of Industry and Internal Trade (DPIIT), ONDC aims to democratize digital commerce and create a level playing field for businesses of all …

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SBI Named Best Bank in India for 2024 by Global Finance Magazine

SBI Raises Short-Term Retail Fixed Deposit Rates Amidst Economic Shifts

May 18, 2024

In response to rising credit demand and falling liquidity, State Bank of India (SBI) has increased short-term retail fixed deposit rates by 25-75 basis points (bps), marking its first interest rate hike since December. This move, likely to be emulated by other banks, reflects a strategic adjustment to offer better returns for depositors. Interest Rate …

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Indian Army Set to Receive Russian Igla-S Air Defence Systems

Indian Army Set to Receive Russian Igla-S Air Defence Systems

May 18, 2024

The Indian Army is poised to elevate its air defense capabilities with the impending delivery of the Russian Igla-S Very Short Range Air Defense (VSHORAD) systems. This acquisition, featuring a technology transfer agreement between Adani Defence Systems and Technologies Limited (ADSTL) and Russia’s Rosoboronexport, represents a significant advancement in India’s defense preparedness. What is Igla-S …

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India Risks US Sanctions Over Chabahar Port Deal with Iran

India Risks US Sanctions Over Chabahar Port Deal with Iran

May 18, 2024

India has signed a 10-year agreement to develop and operate Iran’s strategic Chabahar Port to strengthen trade ties with Central Asia and Afghanistan, bypassing Pakistan. However, this deal faces potential US sanctions, complicating New Delhi’s strategic objectives. Strategic Importance of Chabahar Port The Chabahar Port, located in southeastern Iran’s Sistan-Baluchestan province, is crucial for India’s …

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Southwest Monsoon to Reach Kerala Around May 31

Southwest Monsoon to Reach Kerala Around May 31

May 18, 2024

The India Meteorological Department (IMD) has forecasted that the annual southwest monsoon is likely to reach Kerala around May 31, marking the onset of the rainy season in the region. This announcement comes amidst anticipation and preparation for the arrival of the monsoon across the country. Timing of Monsoon Arrival According to Mrutyunjay Mohapatra, Director …

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India's Foreign Exchange Reserves Jump $2.56 Billion to $644.15 Billion

India’s Foreign Exchange Reserves Jump $2.56 Billion to $644.15 Billion

May 18, 2024

India’s foreign exchange reserves saw an increase of $2.56 billion, reaching a total of $644.15 billion for the week ended May 10, according to the Reserve Bank of India (RBI). This follows a previous increase of $3.668 billion after three consecutive weeks of decline. Foreign Currency Assets The foreign currency assets, which form a significant …

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May 18, 2024 -_13.1

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Welcome to the Current Affairs Section of Adda247. If you are preparing for Government Job Exams, then it is very important for you to read the Daily Current Affairs. All the important updates based on current affairs are included in this Daily Current Affairs 2025 article.

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