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Monthly Archives: May 2024

SIDBI Partners with Airbus Helicopters to Finance Helicopter Purchases in India

SIDBI Partners with Airbus Helicopters to Finance Helicopter Purchases in India

SIDBI, in collaboration with Airbus Helicopters, has entered the realm of helicopter financing in India through a recent Memorandum of Understanding (MoU). This partnership aims to facilitate the financing of Airbus helicopters for potential civil operators in the country. Key Details of the MoU Under the MoU, SIDBI and Airbus Helicopters will jointly identify and …

EU Approves World’s First Major AI Law

EU Approves World’s First Major AI Law

The European Union has given the final green light to the AI Act, marking a historic step in regulating artificial intelligence. This groundbreaking legislation establishes comprehensive rules to ensure trust, transparency, and accountability in AI technologies while fostering innovation within Europe. Significant Penalties for Non-Compliance The EU Commission will enforce the AI Act with the …

Which State of United States is Known as "The Aloha State"?

Which State of United States is Known as “The Aloha State”?

When one thinks of paradise, it’s hard not to conjure images of pristine beaches, swaying palm trees, and a warm, welcoming atmosphere. For many, this idyllic vision is encapsulated by the state of Hawaii, affectionately known as “The Aloha State.” Nestled in the vast expanse of the Pacific Ocean, Hawaii isn’t just a destination; it’s …

India's Market Capitalization Reaches $5 Trillion Milestone

India’s Market Capitalization Reaches $5 Trillion Milestone

In a significant stride, India’s market capitalization has surged to $5 trillion, marking a historic achievement. This remarkable feat was accomplished in under six months since surpassing the $4 trillion mark, showcasing the nation’s robust economic resilience and investor confidence. Exclusive Club Membership Joining the elite league of countries with a $5 trillion market cap, …

Assam's DRIMS: Revolutionizing Disaster Management

Assam’s DRIMS: Revolutionizing Disaster Management

Assam has taken a significant step towards enhancing its disaster management capabilities with the launch of the Disaster Reporting and Information Management System (DRIMS). This state-of-the-art digital platform, an initiative of the Assam State Disaster Management Authority (ASDMA), aims to streamline the reporting and assessment of damages caused by various disasters, enabling prompt disbursal of …

India to Facilitate First-Ever Focused Working Group Discussions on Antarctic Tourism

India to Facilitate First-Ever Focused Working Group Discussions on Antarctic Tourism

India is set to play a pivotal role in facilitating the first-ever focused discussions on regulating tourism in Antarctica at the 46th Antarctic Treaty Consultative Meeting (ATCM) and the 26th Meeting of the Committee for Environmental Protection (CEP). The National Centre for Polar and Ocean Research (NCPOR), Goa, under the Ministry of Earth Sciences, and …

May, 2024 - - Part 17_9.1

Largest Democracy in the World

With a population exceeding 1.3 billion, India stands as a beacon of democracy, proudly holding the title of the world’s largest democratic nation. Since gaining independence from British colonial rule in 1947, India’s journey as a democratic republic has been one marked by challenges, triumphs, and a steadfast commitment to the principles of freedom, equality, …

Ramesh Babu V. Sworn in as Member of Central Electricity Regulatory Commission

Ramesh Babu V. Sworn in as Member of Central Electricity Regulatory Commission

Shri Ramesh Babu V. has taken the oath of office and secrecy as a Member of the Central Electricity Regulatory Commission (CERC) on May 21, 2024. The oath was administered by the Union Minister for Power and New & Renewable Energy, Shri R. K. Singh. Eminent Background Shri Ramesh Babu V. holds a M.Tech. degree …

IOCL Exports Premium Fuel XP100 to Sri Lanka

IOCL Exports Premium Fuel XP100 to Sri Lanka

Indian Oil Corporation Ltd. (IOCL) has marked a significant milestone by exporting its first-ever consignment of 100 octane premium fuel, XP100, to Sri Lanka. The high-quality fuel, designed for premium high-end vehicles, was shipped from the Jawaharlal Nehru Port Trust in Mumbai. This event highlights IOCL’s commitment to expanding its global reach and showcasing the …

Spain Becomes 99th Member of International Solar Alliance

Spain Becomes 99th Member of International Solar Alliance

Spain has officially become the 99th member of the International Solar Alliance (ISA). The Instrument of Ratification was handed over by Spain’s Ambassador to India, José María Ridao Domínguez, to Abhishek Singh, Joint Secretary in the Ministry of External Affairs (MEA), during a meeting in New Delhi. MEA spokesperson Randhir Jaiswal confirmed the development in …