Current affairs 26 April 2023

India to Build Mongolia's 1st Oil Refinery by 2025.

Mongolia Ambassador to India Dambajav Ganbold has informed that the 1st oil refinery of Mongolia, which is built and funded with Indian assistance, will be completed by 2025.
The 1st stage of the Mongol Oil Refinery will be built with a $1.2 billion Indian soft loan.
The development comes with strategic implications as Mongolia is entirely dependent on Russia for its energy imports.
It would help Mongolia meet 70% of its demand domestically.

PM Modi has inaugurated India's 1st water metro in Kochi (Kerala), which connects 10 islands around Kochi through battery-operated electric hybrid boats.
The metro project will start with eight electric hybrid boats developed under Cochin Shipyard Limited.
It was funded by the Kerala govt and the German company KfW.
It consists of 38 terminals and 78 electric boats.
The 1st phase of this project started from the High Court-Vypin and Vyttila-Kakkanad terminals.

The West Stand at the Sharjah cricket stadium has been renamed after Indian former cricketer, Sachin Tendulkar in a special ceremony in the UAE, honouring the Indian cricket legend on his 50th birthday.
Sharjah Cricket Stadium holds the Guinness record for most One-Day internationals played (244).
The gate at the Sydney Cricket Ground was also named after Sachin Tendulkar on his 50th birthday.
CEO of Sharjah Stadium: Khalaf Bukhatir.

India has launched a rescue operation named Operation Kaveri to evacuate its stranded citizens from Sudan.
Two C-130s aircraft and the navy ship INS Sumedha is on standby to evacuate Indians.
The name for rescue operations in Sudan has been kept Operation Kaveri for the same purpose that Prime Minister Modi chose to name rescue ops in Ukraine Operation Ganga.
Kaveri is one of the major Indian rivers flowing through Karnataka and Tamil Nadu.

The Reserve Bank of Zimbabwe will launch a gold-pegged digital currency and legalize them in the country.
It is believed that the government took this step for stabilizing the local currency after its continuous devaluation in comparison to the U.S. dollar.
This initiative taken by Zimbabwe will allow the exchange of Zimbabwean dollars with digital gold tokens and secure Zimbabweans against currency volatility.
Zimbabwe Capital: Harare; President: Emmerson Mnangagwa