Daily Current Affairs – 23 February 2024

World Peace and Understanding Day:

  1. Annual observance: World Peace and Understanding Day is marked every February 23.
  2. Origin: Commemorates the establishment of the inaugural Rotary Club in Chicago in 1905.
  3. Growth: The Rotary Club has evolved into a major global charity organization.
  4. Size: Among the largest charity organizations globally.
  5. Mission: Emphasizes the promotion of peace and understanding.
  6. Causes: Dedicated to various initiatives supporting peace and understanding.
  7. Significance: Rooted in the club’s commitment since its inception.
  8. Global impact: Contributing significantly to charitable efforts worldwide.

WHO’s Digital Health Initiative Launched by Union Minister Mansukh Mandaviya

  1. Launch Event: Health Minister Dr. Mansukh Mandaviya addresses the public launch of WHO’s Global Initiative on Digital Health (GIDH) virtually.
  2. GIDH Overview: WHO-managed network unanimously adopted by all G20 countries, launched as a key deliverable of India’s G20 Presidency.
  3. Democratizing Digital Health: GIDH aims to democratize digital health technologies, especially in the Global South, fostering national digital health transformation.
  4. Global Recognition: GIDH is collectively launched as a significant outcome of India’s leadership during its G20 Presidency.
  5. Ayushman Bharat Digital Mission: India’s impactful digital health initiatives, including the flagship Ayushman Bharat Digital Mission, take center stage.
  6. Healthcare Digitization: Ayushman Bharat Digital Mission emphasizes healthcare digitization for a more interconnected and interoperable digital ecosystem.
  7. Ground-Breaking Transformations: India’s pioneering efforts in digital health align with the global initiative, showcasing significant advancements.
  8. Global Impact: GIDH’s launch signifies a global step towards leveraging digital health for widespread transformation, aligning with India’s innovative strategies. FDI Boost in India’s Space Endeavors**
  9. FDI Approval: Union Cabinet relaxes rules, permitting 100% foreign direct investment (FDI) in the national space sector.
  10. Comprehensive Coverage: Encompassing satellite manufacturing, operations, data products, launch vehicles, spaceports, and subsystems.
  11. Industry Collaboration: Expected to enhance collaboration, innovation, and competitiveness in India’s evolving space sector.

Ameen Sayani, famous radio host and voice of Geetmala, has passed away.

  1. Demise: Ameen Sayani, famed radio presenter of “Binaca Geetmala,” has passed away.
  2. Legacy: Launched the iconic show in 1952, leaving a lasting impact on Indian broadcasting.
  3. Age: Sayani’s demise occurred at the age of 91.
  4. Birthdate: Born on December 21, 1932.
  5. Recognition: Received numerous awards, including the Padma Shri in 2009.
  6. Contributions: Acknowledged for significant contributions to Indian radio.
  7. Honors: Bestowed with various honors for his distinguished broadcasting career.
  8. Iconic Voice: Remembered for his influential and distinctive voice in the world of radio.

“Unveiling Mamallapuram: A Journey through ‘Sculpted Stones’ by Ashwin Prabhu”

  1. Title: “Sculpted Stones: Mysteries of Mamallapuram” – New book by Ashwin Prabhu.
  2. Focus: Explores Mamallapuram’s architecture, prompting young minds to imagine its historical significance.
  3. Content: 65-page factfile covers Arjuna’s Penance, rock caves, and relief sculptures.
  4. Questioning: Encourages readers to ponder the origins and purposes of these historical structures.
  5. Emphasis: Highlights distinctions among cave, monolithic, and structural temples.
  6. Author’s Background: Ashwin Prabhu, known for his previous work “Classroom With A View: Notes from the Krishnamurti Schools.”
  7. Educational Value: Aims to engage readers in understanding the cultural and architectural heritage of Mamallapuram.
  8. Compact Read: The book provides concise insights into the mysteries of Mamallapuram’s sculpted stones.

Navigating Foreign Direct Investment (FDI) Routes**

  1. FDI Definition: FDI involves an investment from one country into a business in another, with the aim of establishing a lasting interest.
  2. Direct Involvement: Foreign companies engaging in FDI directly participate in day-to-day operations within the host country.
  3. FDI Routes in India:
  • Automatic Route: No prior approval needed from RBI or the Indian government for non-resident or Indian companies.
  • Government-Approval Route: Mandatory government approval; companies apply through the Foreign Investment Facilitation Portal.
  1. Automatic Route Details: Non-resident or Indian companies can undertake FDI without prior approval, streamlining the process.
  2. Government-Approval Route Process: Requires mandatory government approval; application submission through the Foreign Investment Facilitation Portal.
  3. Streamlined Approval: Automatic route simplifies FDI entry, eliminating the need for RBI or government clearance.
  4. Government Oversight: The government-approval route ensures a regulatory check, with applications processed through the designated portal.
  5. FDI Impact: These routes cater to diverse investor needs, balancing ease of entry with necessary regulatory oversight.

** Ayushman Bharat Digital Mission Unveiled: Key Highlights**

  1. Launch Date: Introduced in 2021 during the third anniversary celebration of Ayushman Bharat PM Jan Arogya Yojana (AB PM-JAY).
  2. Functional Autonomy: NHA (National Health Agency), reconstituted in 2019, serves as an attached office of the Ministry of Health and Family Welfare (MoHFW) with full functional autonomy.
  3. Implementing Body: NHA is designated as the implementing agency for Ayushman Bharat Digital Mission, ensuring effective execution.
  4. Mission Focus: The mission aims to enhance digital healthcare services and aligns with the broader goals of AB PM-JAY.
  5. Operational Authority: NHA plays a crucial role in executing and overseeing the Ayushman Bharat Digital Mission, contributing to healthcare advancements.

** PhonePe’s Venture into App Territory: Indus Appstore Launch**

  1. PhonePe’s Initiative: Walmart-owned fintech, PhonePe, introduces Indus Appstore, a mobile application store for Indian consumers.
  2. Android Platform: The new app store competes with Google’s Play Store, offering a diverse range of apps and games.
  3. Extensive Collection: Indus Appstore provides access to over 2 lakh mobile apps and games, spanning 45 categories and available in 12 Indian languages.
  4. Consumer-Centric: Aimed at enhancing user experience, PhonePe’s app store caters to the diverse preferences of Indian consumers.
  5. Market Dynamics: The launch signifies PhonePe’s strategic move into the app distribution space, expanding its presence in the digital ecosystem.

** RBI Grants Payment Aggregator License to Mswipe Technologies**

  1. Mswipe’s Achievement: Merchant-focused digital payments provider, Mswipe Technologies, secures a Payment Aggregator (PA) license from the Reserve Bank of India (RBI).
  2. Official Approval: The RBI’s decision follows an in-principle nod granted to Mswipe in August 2022, allowing the company to operate as a payment aggregator.
  3. Enhanced Services: Mswipe’s PA license empowers the company to offer comprehensive payment solutions, contributing to the digital payments landscape.
  4. Merchant-Centric Approach: The license underscores Mswipe’s commitment to serving merchants and facilitating seamless digital transactions.
  5. Regulatory Recognition: The RBI’s approval positions Mswipe Technologies as a authorized player in the payment aggregation space, reinforcing its role in the fintech sector.

Reliance’s AI Endeavor: Hanooman ChatGPT-Style Service Launch

  1. Innovative Launch: Reliance Industries is introducing ‘Hanooman,’ its ChatGPT-style AI service under the BharatGPT group.
  2. Multilingual Functionality: Operating in 11 local languages, Hanooman focuses on healthcare, governance, financial services, and education.
  3. Collaborative Development: Created in collaboration with Indian Institute of Technology universities and supported by Reliance Jio Infocomm Ltd.
  4. Speech-to-Text Feature: Hanooman includes speech-to-text capabilities, enhancing user interaction across its designated fields.
  5. AI Expansion: Reliance’s broader AI initiatives include Jio Brain, aiming to integrate AI across a network of approximately 450 million subscribers, aligning with other startups working on open-sourced AI models in India.

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