Current Affairs - May 17, 2024 Current Affairs

The Eco-Friendly Water Treatment Solution was developed by the Indian Institute of Petroleum & Energy (IIPE) in Visakhapatnam. This innovative technology utilizes a Surface Modification Technique of Membrane to treat muddy river water efficiently while promoting environmental protection and sustainability.

The recent study highlights that Red Colobus Monkeys, a rare and endangered population, are primarily found in various regions of Africa. These monkeys play a crucial role in the forest ecosystem and are facing threats to their survival, putting them at risk of extinction.

World Telecommunication and Information Society Day is observed on May 17 each year, celebrating the transformative impact of telecommunication and information technology on global connectivity.

DP World inaugurated its largest free trade warehouse zone in Chennai, showcasing Tamil Nadu's industrial prowess and strategic connectivity. This underscores Chennai's significance in India's economic landscape and DP World's commitment to fostering economic growth in the region.

Industry experts predict that India's internet economy will reach $1 trillion by 2030, driven primarily by the booming e-commerce sector expected to grow from $60 billion in FY2023 to $325 billion.

Nayara Energy intends to invest Rs 600 crore in establishing ethanol manufacturing plants in Andhra Pradesh and Madhya Pradesh. This initiative aligns with the government's target of achieving 20% ethanol blending by FY26, showcasing the company's commitment to sustainable energy practices.

A.Y.V. Krishna and N. Venu Gopal, both senior Indian Police Service (IPS) officers, have been appointed as additional directors in the Central Bureau of Investigation (CBI). Their appointments signify the government's commitment to strengthening the investigative capabilities of the CBI.

Japan has partnered with the United States to develop interceptors for hypersonic missiles by the 2030s. This collaboration underscores both countries' efforts to enhance their defence capabilities in response to regional tensions, particularly with China and North Korea.

Mahindra & Mahindra Ltd, commonly known as M&M, is gearing up to invest ₹26,000 crore in its automotive business over the next three years. This investment will focus on developing new vehicles and enhancing production capacity, reflecting the company's ambitious growth plans.

The United Nations revised India's 2024 economic growth projection upwards to 6.9%, indicating a robust expansion driven by strong public investment and private consumption.