18-04-23 Daily-Gujarat-GPSC Current Affairs

Gujarat government’s flagship summit, the Vibrant Gujarat Global Summit (VGGS), is all set to be organised from January 11-13, 2024, according to top sources in the State Government. The last edition of VGGS took place in 2019, during which some 28,360 MoUs were signed, which include MoUs worth at least Rs 1 lakh crore inked in the RENEWABLE ENERGY sector.

Post-Covid, VGGS was scheduled to be held in January 2022. However, the state officials had deferred the event in the last minute. Notably, at that time, tensions betweenUkraineand Russia were escalating while Covid-19 cases triggered by the Omicron variant were also rising.

All major economies including the US, UK, Japan, Germany, Netherlands in addition to Gulf countries and African countries will be approached to participate in the 10th edition of the mega investment summit.

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.

After almost three years of research, a team of five researchers collaborated with the University of Gothenburg in Sweden and NASA-Caltech in the USA to create the CL-Flam, a low-cost DSLR camera device. The device was developed at a cost of approximately Rs 50,000

Asian Wrestling Championships 2023: Aman Sehrawat wins Indias 1st Gold Medal

Aman Sehrawat, a freestyle wrestler, won Indias 1st gold medal, under the mens 57kg freestyle category, at the Asian Wrestling Championships 2023. 36th edition of Asian Wrestling Championships was held in Astana, Kazakhstan, from 9 April to 14 April 2023

During the Commonwealth Finance Ministers High-Level Working Group Meeting held in Washington D.C., finance ministers from several Commonwealth nations have urged for a comprehensive overhaul of the global financial architecture to improve the availability of development financing for countries that are vulnerable

They have also agreed to appoint India as the chair and Nigeria as the deputy chair of the Finance Ministers Working Group for a Commonwealth Call for Reform of the Global Financial Architecture. The ministers joint demand for reforms reflects their shared commitment to addressing the needs of developing countries and promoting global economic stability

HDFC Bank, the leading private sector bank in India, has signed a Master Inter Bank Credit Agreement with the Export-Import Bank of Korea, with a total value of US $300 million. The signing ceremony took place in GIFT City, Gujarat, and aims to help HDFC Bank raise foreign currency funds, which will be used to support Korea-related businesses

The credit line will be utilized by HDFC Bank for the funding requirements of companies with participation by Korean firms, companies having business relationships with Korean companies, and consumers who wish to purchase cars manufactured by Korea-related companies

The potential signing of a between India and the European Union is seen as a positive step towards promoting economic ties between the two regions. The Confederation of Indian Industry (CII) has emphasized the benefits of such an agreement, which could serve as a Catalyst for enhancing the India-EU relationship

It is important to note that negotiations for a free trade agreement between India and the EU have been ongoing for several years, with both sides seeking to address various issues related to market access and Intellectual Property Rights. The potential benefits of such an agreement are significant, and it remains to be seen whether the negotiations will ultimately result in a mutually beneficial deal

It came to Light that Syrias earnings are largely from Captagon hence it is now the largest narco-state in the world.

A narco-state is one whose economy and income depend on the trading of illegitimate drugs.

Captagon is a dangerous alternative to amphetamine and is considered an illegal drug at a global level. The cost of this drug is not much however with bribing and Corruption, the range increases up to USD 14-20.