US startup Cerebras Systems unveils World’s largest processor

New artificial intelligence (AI) company Cerebras Systems based on United States(US) has unveiled the world’s largest single silicon-based processor, the Cerebras Wafer Scale Engine(WSE) with  1.2 trillion transistors, the basic on-off electronic switches that are the building blocks of silicon chips.World’s largest processor with 1.2 trillion transistors Key Points The rectangular shape chip measures around 8 inches by 9 inches , comes with 400,000 AI (Artificial Intelligence) cores and 18 gigabytes of on-chip memory. It is made by a team headed by Andrew Feldman with the aim to enhance the…

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Bangladesh PM Sheikh Hasina & Tennis Legend Sania Mirza will co-chair WEF’s India

The World Economic Forum (WEF) in collaboration with Confederation of Indian Industry (CII) will organize 2-day India Economic Summit 2019 scheduled to be held in New Delhi from October 3 – 4, 2019 with the aim of promoting strong collaboration between South Asia and ASEAN (Association of Southeast Asian Nations) nations. The theme of the event will be ‘Innovating for India: Strengthening South Asia, Impacting the World’. Key Points Key leaders: Sheikh Hasina (Prime Minister of Bangladesh), Sania Mirza (Sportsperson and UN –United Nations Women Goodwill Ambassador for South Asia),…

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Mahindra Finance to acquire upto 58.2% stake in Sri Lanka’s Ideal Finance

Rural NBFC (Non-Banking Financial Company) Mahindra & Mahindra Financial Services Ltd has signed a joint venture(JV) with Ideal Finance Ltd(IFL), a subsidiary of the leading Sri Lankan conglomerate, Ideal Group for the acquisition of up to 58.2 % stake in the Ideal Finance for LKR-(Sri Lankan Rupees) 2 billion (nearly Rs 80 crore).Mahindra Finance to acquire Sri Lanka’s Ideal Key Points Investment: Mahindra Finance will invest LKR 2 billion till March 2021 to acquire the stake. Benefits: The joint venture with Ideal Finance will create a market-leading financial services business…

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Session of India-Kenya Joint Trade Committee

The ninth Session of the India-Kenya Joint Trade Committee was held in New Delhi. The Joint Trade Committee reviewed the progress in cooperation in the power sector, renewable energy, petroleum and natural gas, civil aviation and agricultural research. The next session of the Joint Trade Committee meeting in Nairobi. The Indian delegation was led by Union Minister of Commerce & Industry and Railways. The Kenyan delegation was led by Peter Munya, Minister of Industry, Trade and Cooperatives. Delegations Union Minister of Commerce & Industry and Railways, PiyushGoyal led the Indian…

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Indian para-swimming team crossed Catalina Channel of US

Indian para-swimming team comprising Para swimmer Satendra Singh Lohia from Gwalior (Madhya Pradesh) have created history by becoming the 1st Asian swimmer team to cross the Catalina Channel (42 km) of US (United States) in just 11 hours 34 minutes. Key Points The temperature of water in the channel was around 13 degrees Celsius. Satendra was the recipient of “Vikram Award” (2014), the highest sports award from Chief Minister, Madhya Pradesh government in recognition of excellence in sports. He has crossed the English Channel in 12 hours 26 minutes in…

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MoU on Maldivian Civil Servants training and Capacity Building operationalised

The Memorandum of Understanding (MoU) between India and Maldives on Training and Capacity Building Programme for Maldivian Civil Servants became operational. This comes following discussions between senior officials of National Centre for Good Governance (NCGG), Department of Administrative Reforms and Public Grievances (DARPG) from India and Maldives Civil Service Commission at Male (capital of Maldives) Background The MoU was signed between National Center for Good Governance, India and the Civil Services Commission of Maldives during official state visit of Prime Minister Narendra Modi in June 2019. It had envisaged capacity…

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Prime Minister Narendra Modi’s visit to Bhutan Highlights

Prime Minister Narendra Modi was on a two-day visit to neighbouring country Bhutan to explore ways to further strengthen and diversify bilateral partnership across several sectors. This is PM Modi’s 2nd visit to Bhutan and 1st since his re-election in May 2019. On reaching Thimphu (Capital of Bhutan), he was welcomed by Lotay Tshering, Prime Minister of Bhutan and received a Guard of Honour. Key Highlights Sapling palnted at Bhutan’s historic Simtoka Dzong, PM Modi planted a Cypress tree sapling at historic Simtoka Dzong in Thimpu in presence of his…

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28th BASIC Ministerial meeting on Climate Change held in Brazil

BASIC countries (Brazil, South Africa, India and China) held their 28th Ministerial meeting on Climate Change recently in Sao Paulo, Brazil. It was held in the run-up to United Nations Framework Convention on Climate Change (UNFCC) Conference of Parties (COP-25) meet scheduled to be held in December 2019. In this meeting, India was represented by Union Environment Minister Prakash Javadekar. Key highlights BASIC countries expressed concern about climate change and its adverse effects and reaffirmed their commitment to successful implementation of UNFCCC, its Kyoto Protocol and its Paris Agreement, based…

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World Humanitarian Day 2019

World Humanitarian Day is observed across the world on August 19 to pay tribute to workers who risk their lives in humanitarian services and to gather support for people affected by crises around the world. The day was designated by the UN General Assembly to commemorate the 19 August 2003 bombing of the United Nations headquarters in Baghdad, Iraq. World Health organization (WHO) The World Health Organization is a specialized agency of the United Nations that is concerned with international public health. It was established on 7 April 1948, and…

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