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Nagaland gets approval from NMC for setting up its first medical college

In a significant development, the National Medical Commission (NMC) has granted approval for the establishment of the Nagaland Institute of Medical Sciences and Research, which will become the first medical college in the northeastern state since it gained statehood 60 years ago in 1963.

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Nagaland’s first medical college:

Health and Family Welfare Minister P. Paiwang Konyak announced the NMC’s decision to set up the medical college in Kohima, stating that the academic session of the institute will commence from 2023-24.

The medical college will have a capacity of 100 seats for MBBS students, and this milestone achievement is expected to significantly benefit the state’s healthcare sector by creating new opportunities for medical education and improving healthcare services.

About The Medical College:

  • The state government will send the acceptance letter to MARB to enable the issuance of the Letter of Permission for the academic year 2023-24.
  • Formal classes of the medical college are expected to begin by June-July this year, according to Health and Family Welfare Commissioner and Secretary Y. Kikheto Sema.
  • Out of the 100 MBBS seats, 85 will be reserved for students from Nagaland domicile, while the remaining 15 seats will be open to applicants from other states.

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Sonam Wangchuk conferred with Prestigious Santokbaa Humanitarian Award

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Sonam Wangchuk, a distinguished engineer, innovator, educationist, and sustainable development reformist, has been honored with the prestigious Santokbaa Humanitarian Award. The award has been initiated by Shree Ramkrishna Exports (SRK), a leading company in diamond crafting and exports, and its philanthropic arm Shree Ramkrishna Knowledge Foundation (SRKKF). Wangchuk is the Founder-Director of Students’ Educational and Cultural Movement of Ladakh (SECMOL).

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The Santokbaa Humanitarian Award, which includes a cash prize of Rs. 1 crore, has been created in honor of Late Santokbaa Dholakia, the mother of Govind Dholakia, the Founder Chairman of SRK and SRKKF. The award ceremony took place on April 10, 2023, which is the death anniversary of Santokbaa. The award was presented to Sonam Wangchuk at Hotel Zen in Ladakh during the ceremony. The previous award recipients include Tata Sons’ former chairman Ratan Tata, Nobel Prize winner Kailash Satyarthi, Space scientist and former ISRO chairman A.S. Kiran Kumar, philanthropist and Infosys Foundation Chairperson Sudha Murty.

About the Sonam Wangchuk:

Sonam Wangchuk is the creator of the Ice Stupa technique, which involves the creation of artificial glaciers that store winter water in the form of cone-shaped ice heaps. This technique has been instrumental in addressing the water scarcity issue in Ladakh. Apart from this, he is also involved in tackling other environmental challenges. The campus of SECMOL, which he designed, runs completely on solar power and does not use any fossil fuels for heating, lighting, or cooking. His efforts have significantly improved the lives of people in Ladakh, making him an inspiration for individuals who aspire to make a positive impact on the world.

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Andhra Pradesh CM lays foundation stone for Mulapeta port

The Chief Minister of Andhra Pradesh, Y S Jagan Mohan Reddy, initiated the construction of the Mulapeta greenfield port in Srikakulam district. The port is estimated to cost Rs 4,362 crore and is expected to be completed within two years. In addition to the port, the Chief Minister also laid the foundation for a fishing harbor in Budagatlapalem, a life irrigation project that will span from the Gotta barrage to the Hira Mandalam reservoir, and the continuation of work on the Mahendra Tanaya river.

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Andhra CM lays foundation stone for Rs 4362 Crore Mulapeta Port in Srikakulam - India Shipping News

Significance of this development:

Speaking at a public meeting held in Naupada village, the Chief Minister Y S Jagan Mohan Reddy expressed his pride in the four development projects, stating that they would bring about a significant transformation in the Srikakulam district. He highlighted that the district has the advantage of a 193-kilometre long coastline, which constitutes a significant portion of the state’s total coastline of 974 kilometers.

Reddy’s emphasis on the importance of the coastline underscores the potential for the region to become a major hub for maritime activities, including trade and commerce, fishing, and tourism. The development of the Mulapeta greenfield port and the fishing harbor in Budagatlapalem is expected to significantly boost the local economy and create employment opportunities for the people in the district.

The irrigation project and the Mahendra Tanaya river project are aimed at promoting sustainable agriculture and mitigating the adverse effects of flooding in the region. The Chief Minister’s comments at the public meeting reflect the government’s commitment to promoting sustainable development in the state, which can lead to long-term economic growth and social well-being.

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National Civil Services Day 2023 celebrates on 21st April

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National Civil Services Day 2023

In India, April 21 is celebrated as National Civil Service Day, to recognize and appreciate the vital role played by civil servants in the advancement and betterment of the nation. This day offers a chance to express gratitude towards the contributions made by civil servants to society. The prime minister of the country presents awards of excellence on this occasion, to encourage civil servants to continue their efforts towards serving the public effectively. Civil Services Day is an occasion for civil servants to rededicate themselves to the cause of citizens and renew their commitments and excellence in work.

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National Civil Service Day 2023: Theme

The theme of this year’s Civil Service Day is very apt- Viksit Bharat (विकसित भारत) aimed at ‘Empowering Citizens and Reaching the Last Mile’. The theme underscores the Government’s resolve and firm commitment to achieving a more equitable and prosperous India for all its citizens by engaging in inclusive growth.

National Civil Service Day 2023: Significance

National Civil Service Day is a time to appreciate the hard work and loyalty of civil servants towards serving the country. It is a day to acknowledge their relentless endeavors in executing policies and initiatives that have a constructive influence on the community. Furthermore, it is a chance to value their contribution in upholding law and order, advocating for social equity and fostering good governance.

National Civil Service Day: History

The inaugural National Civil Service Day was celebrated on April 21, 2006, at Vigyan Bhawan in New Delhi. This particular date was chosen to honour the occasion in 1947 when Sardar Vallabhbhai Patel, the first home minister of independent India, addressed Administrative Services Officers’ probationers. During his motivational speech, Sardar Vallabhbhai Patel recognised civil servants as the “steel frame of India.” National Civil Service Day serves as a platform to appreciate the exceptional services rendered by government workers in the country. On this day, the administration also acknowledges the accomplishments of experienced civil servants and presents medals to select individuals for their contributions towards the development of the nation.

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Cuba’s Parliament ratifies President Díaz-Canel for new term

Cuba’s National Assembly has confirmed President Miguel Díaz-Canel for a new five-year term, as the country grapples with a severe economic crisis. The decision to maintain continuity in leadership was made by more than 400 representatives who were elected in March and took office on Wednesday, 19 April.

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More About The Cuban Parliament ratifies President Díaz-Canel:

The assembly then voted to elect the government’s leadership, with Díaz-Canel receiving 459 out of 462 votes. Vice President Salvador Valdés Mesa was also ratified, receiving 439 votes. The decision to maintain the current leadership is seen as an effort to provide stability amid the economic challenges facing the country.

President Miguel Díaz-Canel’s New Term:

President Miguel Díaz-Canel faces significant challenges in his new term, including a severe economic recession due to the COVID-19 pandemic, high inflation caused by financial policy decisions, and stringent sanctions imposed by the U.S. Moreover, he must address the growing dissatisfaction among many Cubans, evident in the record numbers of emigration to the U.S. and other countries.

To tackle these issues, Díaz-Canel’s team plans to prioritize food production, boosting exports, and developing the socialist-state enterprise immediately.

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Inaugural Session Of Global Buddhist Summit to be addressed by PM in Delhi

Global Buddhist Summit to be addressed by PM

On April 20, Prime Minister Narendra Modi gave a speech at the opening session of the Global Buddhist Summit, which is being organized by the Ministry of Culture and the International Buddhist Confederation for two days. The summit aims to bring together leading Buddhist figures and experts from around the world to discuss Buddhist and universal issues and generate policy recommendations to address them together.

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Inaugural Session Of Global Buddhist Summit: key Points

  • The PMO has stated that the summit will explore how the essential principles of Buddha Dhamma can inspire and direct people in today’s world.
  • Eminent scholars, Sangha leaders, and Dharma practitioners from various regions will participate in the event, discussing significant global issues and finding solutions based on the universal values of Buddha Dhamma.
  • The summit aims to engage global leaders and scholars of the Buddhist Dhamma to address Buddhist and universal concerns and formulate collective policy solutions.
  • The discussion will explore how the fundamental values of Buddha Dhamma can inspire and guide contemporary settings.
  • The PMO stated that the summit will bring together distinguished scholars, Sangha leaders, and Dharma practitioners from all over the world to discuss pressing global issues and seek answers from the universal values of Buddha Dhamma.

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Inaugural Session Of Global Buddhist Summit: Keynote Speaker

According to the report, the event will feature two keynote speakers: Professor Robert Thurman, a renowned expert on Tibetan Buddhism from the United States, and His Holiness Thich Tri Quang, the Deputy Patriarch of the Vietnam Buddhist Sangha. The report mentioned that Professor Thurman received the prestigious Padma Shri Award in 2020 for his work in reviving India’s ancient Buddhist heritage.

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Inaugural Session Of Global Buddhist Summit: Topics of Summit

There will be talks conducted on four different topics which are Buddha Dhamma and Peace, Buddha Dhamma in relation to environmental crisis, health and sustainability, the conservation of the Nalanda Buddhist Tradition, and Buddha Dhamma Pilgrimage, Living Heritage, and Buddha Relics. These discussions aim to provide a strong foundation for India’s long-standing cultural connections with countries in South, Southeast, and East Asia.

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FAO Report on The Status of Women in Agrifood Systems

The Status of Women in Agrifood Systems: FAO Report

This report, created by the Inclusive Rural Transformation and Gender Equality Division (ESP) of FAO, is the first of its kind since the State of Food and Agriculture (SOFA) 2010-11 report on women in agriculture. It offers a comprehensive overview of the situation of women working in agri-food systems, including aspects from production to distribution and consumption, surpassing the scope of agriculture alone.

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FAO Report on The Status of Women in Agrifood Systems: Key Points

  • Agricultural and food systems provide significant employment opportunities for both men and women worldwide, with 36% of working women and 38% of working men being employed in this sector.
  • However, there has been a decline of about 10% in employment in primary agricultural production since 2005, which has affected both genders.
  • Women are more likely to work part-time or in vulnerable positions in this sector, and there is a 24% gender gap in land productivity between farms managed by men and women of the same size.
  • In the fisheries and aquaculture primary sector, 21% of all workers are women, and almost half of all workers in the entire aquatic value chain (including pre- and post-harvest) are women.
  • Women rely more on agrifood systems for their livelihoods than men in many countries, with 66% of women’s employment in sub-Saharan Africa and 71% in southern Asia being in this sector.
  • The gender wage gap is also prevalent, with women in wage employment in agriculture earning 82 cents for every dollar that men earn.
  • Women have less ownership and secure tenure rights over agricultural land than men in most countries reporting on Sustainable Development Goal Indicator 5.a.1.

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FAO Report on The Status of Women in Agrifood Systems: Status of Gender Equality

There have been some improvements in gender equality in recent years, with a narrowing of the gender gap in access to mobile internet and bank accounts in low- and middle-income countries. However, the gap in food insecurity between men and women has widened, with 22% of women losing their jobs in the off-farm segment of agrifood systems during the COVID-19 pandemic, compared to only 2% of men.

Closing the gender gap in farm productivity and wage gap in agrifood-system employment could increase global GDP by 1% (or almost USD 1 trillion) and reduce global food insecurity by about 2%, benefiting 45 million people.

Empowering women in small-scale production could also significantly increase the incomes and resilience of millions of people. A review of 13 agricultural development projects showed mixed impacts on women’s empowerment. These projects aimed to increase income and nutritional outcomes through interventions in crops, livestock, and nutrition.

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What Are Heatwaves and How Heatwaves In India Can Affect Your Health?

Heatwave in India

Several regions have been warned about heat waves by the India Meteorological Department (IMD) as many states experience scorching heat. Doctors have emphasized that extreme heat waves can be especially harmful to the elderly, children, and pregnant women.

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In response to the heat wave forecasts, various state governments have issued guidelines. Additionally, the IMD has recommended that the public stay hydrated and take precautions during the hot weather.

IMD Guidelines for Hot Weather

Following are the IMD guidelines for the hot weather:

  1. It is important to remain well-hydrated, especially during hot weather. Drinking at least 2-2.5 litres of water per day is recommended, and beverages such as salted water, coconut water with salt, and lemon water with salt can be helpful.
  2. To prevent heat-related illnesses, it is crucial to avoid being in excessively hot environments for extended periods of time. It’s also important to avoid exercising in the heat and to recognize the severity of heatstroke as a medical emergency.
  3. In addition to staying hydrated, it’s important to limit physical activities that may raise your body temperature.
  4. During a heatwave, it’s advisable to decrease protein consumption and increase intake of fruits and vegetables with high water content. Pregnant women should avoid caffeine, while fresh fruit juice and buttermilk can be beneficial beverages to consume.
  1. Although the choice of clothing is subjective, it’s important to consider the hot weather conditions and wear loose-fitting clothes to minimize the impact of heat on the body and feel more comfortable.
  1. To combat the heatwave, it’s possible to maintain a cooler environment in your home by closing the curtains to block the sun’s rays.
  1. The effects of heatwaves on individuals can vary, so it’s crucial to take extra precautions to reduce the impact of extreme heat. Symptoms may include weakness, fatigue, and body pain, and in severe cases, heatstroke may cause seizures or loss of consciousness.

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Tips to Stay Hydrated in the Hot Weather

Staying hydrated during heat waves is important to avoid dehydration, heat exhaustion, and heatstroke. Here are some tips to help you stay hydrated:

  1. Drink plenty of water: Drink water regularly throughout the day, even if you’re not thirsty. You can also carry a reusable water bottle with you wherever you go, so you can sip on water whenever you need it.
  2. Avoid alcohol and caffeine: Alcohol and caffeine can dehydrate you, so it’s best to avoid them during heat waves.
  3. Eat water-rich foods: Foods like watermelon, cucumbers, strawberries, and lettuce have a high water content and can help keep you hydrated.
  4. Stay in cool places: Try to stay in air-conditioned places as much as possible during heat waves. If you don’t have air conditioning, try to stay in the shade or in cooler areas of your home.
  5. Take cool showers: Taking a cool shower or bath can help lower your body temperature and keep you hydrated.
  6. Wear light, breathable clothing: Wear loose-fitting, lightweight clothing that allows your skin to breathe and helps sweat evaporate.
  7. Monitor your urine color: If your urine is dark yellow, you may not be drinking enough water. Aim for pale yellow or clear urine.

By following these tips, you can help prevent dehydration and stay hydrated during heat waves. If you experience symptoms of dehydration, such as thirst, dry mouth, headache, dizziness, or fatigue, be sure to drink water immediately and seek medical attention if your symptoms worsen.

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19th April Current Affairs – Top News of the Day

Today’s Current Affairs

20th April 2023 Current Affairs are incorporated with the important news that made the current affairs headlines for banking, UPSC or other competitive exams. Daily Current Affairs is the complete bag of important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the Top News of the Day for 20th March 2023 to help you prepare the Latest Current Affairs part. After reading this section, you can successfully attempt Current Affairs Quiz. 

Here is the Current Affairs 20th April 2023 covering the following news headlines: National Quantum Mission, Animal Birth Control Rules, Thawe Festival, Fengyun-3 satellite, Taifa-1, Lata Deenanath Mangeshkar Puraskar.

National News

1. India Approves National Quantum Mission

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The Union Cabinet approved the National Quantum Mission, aimed at propelling India into a leading position in the quantum technology sector and promoting economic growth through its development. The mission seeks to expedite progress in the field and cement India’s position as a major player in the industry. The mission aims to make India a leading nation in the quantum technology sector and promote economic growth.

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2. Central Government notified the Animal Birth Control Rules, 2023

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The Central government has recently issued the Animal Birth Control Rules, 2023, which are designed to comply with the guidelines set by the Supreme Court in a writ petition involving the Animal Welfare Board of India (AWBI) and the People for Elimination of Stray Troubles. The Supreme Court had issued several orders emphasizing that the relocation of dogs was not permissible.

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States News

3. Thawe Festival organised in Bihar

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The Department of Tourism and the Department of Art and Culture jointly organized the Thawe Festival on April 15th and 16th in Gopalganj, Bihar. The festival aimed to promote tourism in Gopalganj and attract visitors to the Thawe Durga Temple. The 11th Annual Thawe Festival was recently held in Gopalganj, Bihar. The festival’s objective is to promote tourism in the region and encourage visitors to explore the Thawe Durga Temple.

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Bankings News

4. City Union Bank launches India’s 1st Voice Biometric Authentication Banking App

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City Union Bank Limited (CUB) has introduced a new feature that allows customers to use voice biometric authentication when logging into the bank’s mobile banking app, aimed at improving security. The bank plans to extend this feature to net banking users as well, and the development process is currently underway. The voice biometric login option will join other existing authentication methods such as User ID/PIN, face ID, and fingerprint authentication, giving customers multiple choices. CUB has stated that customers can select the authentication method that best suits their needs and preferences.

Important takeaways for all competitive exams: 

  • City Union Bank Limited  Headquarters: Kumbakonam;
  • City Union Bank Limited  CEO: Dr. N. Kamakodi (1 May 2011–);
  • City Union Bank Limited  Founded: 1904.

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Science and Technology News

5. China launched Fengyun-3 satellite

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China has achieved a significant milestone on April 16, 2023, by successfully launching the Fengyun-3 meteorological satellite. The satellite was launched using the Chang Zheng-4B carrier rocket from the Jiuquan Cosmodrome, located in Gansu Province. The Fengyun-3 satellite has been primarily designed to monitor and provide crucial information on severe weather conditions, including heavy rainfall that can result in natural calamities like landslides and floods. This successful mission marked the 471st launch for the Chang Zheng rocket family, cementing their reputation as one of the most reliable and consistent rocket families globally.

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6. ISRO to launch Singapore’s TeLEOS-2 satellite on April 22

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ISRO, the Indian Space Research Organisation, is gearing up for its upcoming commercial mission, which is set to launch a Singaporean Earth Observation satellite called TeLEOS-2. The launch is scheduled for April 22 and will take place on board ISRO’s Polar Satellite Launch Vehicle (PSLV), marking the 55th mission for the rocket. ISRO has scheduled the launch of the TeLEOS-2 satellite on April 22, to take place at the Satish Dhawan Space Centre in Sriharikota. The launch, known as the C-55 mission, is planned for 2:19 PM on Saturday.

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7. Kenya Launched Its First Operational Earth Observation Satellite “Taifa-1”

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Kenya’s first operational Earth observation satellite, “Taifa-1,” was successfully launched into space on April 15th, 2023, using a rocket from Elon Musk’s rocket company, SpaceX. The launch took place from Vandenberg Base in California. The rocket also carried 50 payloads from different countries, including Turkey, under SpaceX’s rideshare program. The Taifa-1 satellite was designed and developed by SayariLabs and EnduroSat over two years at a cost of 50 million Kenyan shillings ($372,000).

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8. Apple’s First Store In India Opens In Mumbai

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Apple opened its first official store in Mumbai, India. Located at the Jio World Drive mall in the Bandra Kurla Complex area, the store is the first of the two outlets Apple to open in India. Apple CEO Tim Cook threw open the gates to the 28,000 sq ft store. An Apple store is aimed at providing a top-notch experience to customers by functioning as a one-stop destination for product sales, services and accessories. These stores are also architectural marvels, adding to an unrivalled customer experience. The opening of Apple’s two retail stores in India has generated much public excitement, especially among users of the tech giant’s products. People have travelled from as far as Gujarat and Rajasthan to attend the grand opening of the store. 2023 marks 25 years of Apple presence in India. 

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Sports News

9. FIFA: Argentina to replace Indonesia as under-20 World Cup host

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FIFA has selected Argentina to host the under-20 soccer World Cup after revoking the hosting rights from Indonesia. This decision was made after Indonesia’s football association cancelled the draw scheduled to take place in Bali due to the governor’s refusal to host Israel’s team. The South American Football Confederation Congress received the official bid from the Argentine Football Association to host the under-20 soccer World Cup from May 20 to June 11. The tournament’s official draw will take place in Zurich. Argentina, which has won a record six titles, last hosted the under-20 World Cup in 2001. Additionally, it is in the running to jointly host the 2030 World Cup finals alongside Uruguay, Chile, and Paraguay.

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10. Gary Ballance Retires from All Forms of Cricket

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Gary Ballance, a left-handed batsman, has announced his retirement from all forms of cricket. He initially made his debut for Zimbabwe and played for them under a two-year contract. He later went on to play for England and appeared in 23 Test matches. Additionally, he played one Test, one T20I, and five ODIs for Zimbabwe, during which he scored five Test hundreds, including a score of 137 against the West Indies. However, his career took a downturn after 2017, and he was also accused of using racist language against his teammate Azeem Rafiq, which was deemed as ‘institutional racism’ in the Yorkshire County. In an attempt to revive his career, Ballance moved to Zimbabwe.

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11. Odisha’s Bhubaneswar to host 2023 Intercontinental Cup in June

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Four-team Intercontinental Football Cup will be held in Bhubaneswar from June 9 to 18. This will be the third edition of the tournament with the previous two being held in Mumbai (2018) and Ahmedabad (2019). Host India will be joined by Lebanon, Mongolia and Vanuatu in the tournament. The Indian men’s national team had previously never played against Mongolia and Vanuatu. Against Lebanon, the hosts hold a record of playing six matches.

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Schemes and Committees News

12. Agriculture Minister Narendra Singh Tomar launches SATHI Portal & Mobile App

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The Minister of Agriculture and Farmers Welfare, Narendra Singh Tomar, has unveiled a new online platform and mobile application called SATHI (Seed Traceability, Authentication, and Holistic Inventory) to address the issues of seed production, quality identification, and certification. The platform has been developed under the Uttam Beej – Samriddh Kisan scheme.

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Ranks and Reports News

13. Chennai ranks among top 5 in digital payment transactions in 2022: Report

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According to a report by payment services firm Worldline India, Chennai has become one of the leading cities for digital payment transactions in 2022 in the country. As per the report, the capital city has made 14.3 million transactions with a total value of USD 35.5 billion.  The report by payment services firm Worldline India also stated that Bengaluru has emerged as the top city for digital payment transactions in 2022, with 29 million transactions worth USD 65 billion.

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14. MGNREGA: Rajasthan tops in persondays generation for 4th year

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For the fourth year in a row, Rajasthan topped the country in terms of persondays generation under Mahatma Gandhi National Rural Employment Guarantee Scheme. In 2022-23, Rajasthan generated 35.61 crore persondays at a total cost of Rs 10,175 crore under the scheme. Rajasthan is followed by Tamil Nadu (33.45 crore), (31.18 crore), Andhra Pradesh (23.96 crore) and (23.69 crore) in terms of persondays generation, according to MGNREGA MIS report.

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Awards News

15. Asha Bhosle to receive Lata Deenanath Mangeshkar Puraskar

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Asha Bhosle, the renowned singer, will be honored with the Lata Deenanath Mangeshkar award, which was established by the Mangeshkar family and trust in memory of Lata Mangeshkar. The award ceremony will take place on April 24, which is the anniversary of their father’s death. Asha Bhosle, who is Lata Mangeshkar’s younger sister, will be the recipient of the award. The Lata Deenanath Mangeshkar Puraskar is an annual award given to someone who has made a significant contribution to the nation, its people, and society. The award was first presented to Prime Minister Narendra Modi.

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Important Days

16. Chinese Language Day 2023 observed on 20th April

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The United Nations celebrates Language Days to promote cultural diversity and encourage the use of all six official languages within the organization. The Chinese Language Day is celebrated on the 6th of 24 solar terms called Guyu, which usually falls around April 20th in the Gregorian calendar. This day is dedicated to honoring Cangjie, the inventor of Chinese characters, and his legend of creating the characters amidst cries from deities and ghosts and rain of millet. This year’s Chinese Language Day will focus on the theme of “Chinese Wisdom for a Green World” in order to highlight Chinese solutions and wisdom for promoting green and sustainable development.

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Global Unicorn Index 2023: India Emerges as Third-Largest Hub with 68 Unicorns

India emerges as the third-largest unicorn hub with 68 startups valued at $1bn+

India has solidified its position as the third-largest hub for startup unicorns, with a total of 68 companies valued at over $1 billion, according to The Hurun Research Institute’s Global Unicorn Index 2023. Edtech giant BYJU’S leads the way in India with a valuation of $22 billion, followed by food delivery and quick commerce startup Swiggy and fantasy sports platform Dream11, both worth $8 billion. While no Indian startups were included in the list of top 10 global startups, logistics unicorn Delhivery secured the 14th spot on the list of top IPOs last year.

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70 unicorns founded by Indian co-founders outside India

The report also revealed that 70 unicorns were founded by Indian co-founders outside of India, bringing the total number of unicorns founded by Indians globally to 138. The majority of these were founded in the US, with 64, while two were founded in the UK, and one each in Germany, Singapore, Indonesia, and Mexico. According to the report, founders from India, China, and Russia are producing more offshore unicorns than any other country.

The number of unicorns globally has risen to 1,361, up 303 from last year, with the US leading the way with 666 unicorns, while China comes second with 316 unicorns. The COVID-19 pandemic has resulted in the fastest unicorn creation rate in history, with an average of one new unicorn per day.

OpenAI’s ChatGPT among top global performers with $20bn valuation

One of the standout performers in the global unicorn landscape is OpenAI, the owner of generative AI tool ChatGPT, which has jumped from 272nd to 17th spot in the rankings, with its valuation increasing by $17 billion to reach $20 billion. Other companies that have seen significant changes in valuation include San Francisco-based note-taking application Notion Labs, up by $8 billion, Guangzhou-based Shein, which added $45 billion, and LA-based SpaceX, up by $37 billion. The report highlights the companies that experienced the biggest drops in valuation since last year, with Bytedance leading the list with a significant decrease of $150 billion. Following closely behind were fintech giants Stripe and Klarna.

Canada adds 23 new unicorns since start of pandemic

Since the COVID-19 pandemic, the number of countries with at least one unicorn has doubled, increasing from 24 to 48. Canada has added 23 new unicorns since the start of the pandemic. Furthermore, the number of cities with unicorns has grown from 118 three years ago to 271 presently. San Francisco remains the global unicorn capital with 181 unicorns, followed by New York, Beijing, and Shanghai. Bengaluru is home to 33 unicorns in India, and it shares its position on the list with the Chinese city of Shenzhen.

Fintech surpasses ecommerce as top unicorn-producing industry

Finally, the report highlighted that the fintech sector overtook ecommerce as the top unicorn-producing industry since COVID-19. Other sectors that saw the most significant disruptions from unicorns in the past year include enterprise services, blockchain, logistics, energy, life sciences, and aerospace.

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