22nd May Daily Current Affairs 2023 refers to the latest news and events happening around the world and are relevant to our daily lives. Staying updated with the 22nd May Daily Current Affairs 2023 is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 22nd May Daily Current Affairs 2023 lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities. 22nd May Daily Current Affairs 2023 also provides students with insights into various issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing 22nd May Daily Current Affairs 2023 not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.
World Day for Cultural Diversity for Dialogue and Development 2023
The World Day for Cultural Diversity is an annual celebration held on May 21st. It recognizes and appreciates diverse cultures, emphasizing the role of the United Nations and UNESCO in promoting global peace. Its purpose is to foster intercultural dialogue and raise awareness of the importance of cultural diversity for peace and sustainable development.
Ways to celebrate include learning about different cultures, attending events, engaging with people from diverse backgrounds, sharing one’s own culture, and supporting organizations promoting cultural diversity. This day serves as a reminder of cultural richness and contributes to a harmonious world. Read the complete article here
India begins “Operation Karuna” to assist Myanmar
India has launched “Operation Karuna” to provide assistance to the people affected by Cyclone Mocha in Myanmar. On May 18th, three Indian Naval Ships, namely Shivalik, Kamorta, and Savitri, arrived in Yangon carrying essential relief supplies. These supplies include food, tents, medicines, water pumps, generators, clothes, and hygiene items.
The objective is to support the affected individuals and provide them with the necessary resources to recover from the cyclone’s impact. Cyclone Mocha has caused significant damage, resulting in the loss of 145 lives in Myanmar. Read the complete article here
IDBI, BOB, and SBI Capital Chosen to Manage IREDA IPO for Renewable Energy Development
IREDA, the Indian Renewable Energy Development Agency, is preparing for an IPO to raise funds for renewable energy projects. IDBI Capital, BOB Capital, and SBI Capital will serve as lead managers. The IPO is expected in 2023-24 to expand IREDA’s operations. The government plans to sell a 10% stake, while IREDA will issue 15% fresh equity. The move aims to unlock value and improve corporate governance. IREDA has financed over 3,000 renewable energy projects, adding 19,502 MW of capacity. The upcoming IPO presents an opportunity for IREDA’s growth and impact in clean energy. Read the complete article here
Unlocking Financial Freedom – Liberalized Remittance Scheme (LRS)
The Liberalized Remittance Scheme (LRS) allows Indian residents to remit money abroad for various purposes within a limit of $250,000 per individual per year. It promotes global financial mobility and offers benefits such as diversification of investments, international exposure for students, enhanced travel experiences, and simplified transactions for NRIs.
The LRS contributes to the Indian economy by boosting foreign exchange reserves, attracting investments, fostering entrepreneurship, facilitating knowledge transfer, and strengthening the financial system. However, individuals should be aware of exchange rate risks, comply with regulations, plan finances wisely, and monitor remittances. Overall, the LRS empowers Indian residents and supports personal and economic growth in an interconnected world. Read the complete article here
India Supplied Arms Worth ₹422 Crore to Myanmar Junta
According to a recent United Nations (UN) report, both government-owned companies and private firms in India have provided military support to the military junta in Myanmar. The report reveals that arms, dual-use items, and raw materials worth ₹422 crores (around $51 million) were supplied by Indian entities. Titled “The Billion Dollar Death Trade: International Arms Networks that Enable Human Rights Violations in Myanmar,” the report exposes the role of UN member states in facilitating this trade, which directly contributes to human rights abuses in Myanmar.
The findings highlight the need for greater scrutiny and accountability in international arms transfers. Russia, China, and Singapore were the major arms suppliers to the junta, with Russia having the highest import value at $406 million and China worth$267 million. Read the complete article here
Italian Open 2023: Daniil Medvedev Triumphs
In the final match of the 2023 Italian Open, Daniil Medvedev emerged victorious with a score of 7-5, 7-5 against Holger Rune. This victory marked an important milestone for World No. 2 Medvedev as he secured his first-ever clay-court title and his sixth ATP Masters 1000 crown. Rune, ranked as the world No. 10, showcased a commendable performance, making it to his first Masters 1000 final. The Italian Open has a rich history and is considered one of the most important events leading up to the French Open, as it provides players with valuable preparation on clay surfaces. Read the complete article here
AL-MOHED AL-HINDI 2023 Naval Exercise between India & Saudi Arabia
In a significant development in the defense collaboration between India and Saudi Arabia, the Indian naval ships INS TARKASH and INS SUBHADRA have reached Port Al-Jubail to kick-start the second edition of the naval exercise named ‘AL-MOHED AL-HINDI 2023.’ This visit marks the start of the harbor phase and signifies the strengthening of defense relations between the two nations.
The exercise aims to enhance regional stability and promote cooperation in the Arabian Sea and the Gulf region. It reflects the growing partnership and mutual commitment to maritime security and defense cooperation between India and Saudi Arabia. In 2021, India and Saudi Arabia conducted their first-ever joint naval exercise. Read the complete article here
World Metrology Day 2023 – Its Theme, Significance & History
World Metrology Day is observed annually on 20 May to commemorate the signing of the Meter Convention in 1875. This international treaty established global agreement on units of measurement. The theme for World Metrology Day 2023 focuses on measurements supporting the global food system, considering the challenges of climate change and the distribution of food in a growing population. The day celebrates the significance of metrology and its impact on our lives, emphasizing the quality and safety of products and services.
Ways to celebrate include visiting metrology laboratories, learning about its history and advancements, engaging with metrologists, and participating in events. The Meter Convention established the metric system and designated the International Prototype of the Kilogram and the International Prototype of the Meter as standard units of mass and length, respectively. World Metrology Day acknowledges these achievements and highlights the ongoing importance of uniform measurements. Read the complete article here
Bhupender Yadav Inaugurates Centre of Excellence on Sustainable Land Management at Indian Council of Forestry Research and Education in Dehradun
The Centre of Excellence on Sustainable Land Management (CoE-SLM) was inaugurated at the Indian Council of Forestry Research and Education (ICFRE) in Dehradun. It aims to address land degradation and promote sustainable land management through setting targets, developing early warning systems, mainstreaming gender considerations, promoting good governance, assessing impacts, facilitating land restoration, and fostering cooperation. The CoE-SLM will assess land degradation, build capacity, and strengthen the monitoring and reporting of land-based indicators. It plays a vital role in achieving Land Degradation Neutrality targets and creating a sustainable environment. Read the complete article here
Nepal designates 2025 as a ‘Special Tourism Year’
In a recent federal parliament meeting, President Ram Chandra Paudel declared that the 2080s in the Bikram Samvat calendar would be known as the ‘Visit Nepal decade’. Additionally, the year 2025 will be designated as a special year for tourism. These announcements were made as part of the policies and programs for the fiscal year 2080/81.
The aim of these declarations is to promote tourism in Nepal and attract visitors from around the world during the specified time periods. Efforts will be made to promote the country’s tourist destinations internationally and develop the necessary infrastructure. Read the complete article here