Current affairs 16 July 2023

Chandrayaan 3 Lifts Off For its Journey To the Moon.

India launched its ambitious Chandrayaan-3 mission to the Moon.
The spacecraft launched aboard India’s heaviest rocket, Launch vehicle Mark-III a.k.a LVM3 on a journey to the Moon.
The spacecraft will complete the 3,84,000 kilometers-long journey in nearly 45 days to attempt a soft-landing on the Moon by end of August.

Australia appointed Michel Bullock as the first female head of its central bank, replacing outgoing Governor Philip Loew.
Australian Treasurer Jim Chalmers and Prime Minister Anthony Albanese announced that Michel Bullock will lead the Reserve Bank of Australia (RBA) for the next seven years.
Bullock, 60, joined the RBA in 1985 with a masters from the London School of Economics.
The Reserve Bank of Australia is Australia's central bank and banknote issuing authority.
It was established on January 14, 1960.

The United Arab Emirates (UAE) has become the first Arab country to receive observer status in the Asia/Pacific Group (APG) on Money Laundering, a regional body similar to the Financial Action Task Force (FATF).
The UAE is participating as an observer at the plenary session of the APG, which is currently taking place in Vancouver, Canada.
Obtaining observer status reflects the UAE's commitment to international cooperation in combating money laundering and the financing of terrorism.
The UAE delegation attending the APG plenary session is led by Hamid Al Zaabi, Director-General of the Executive Office for Anti-Money
Laundering and Counter-Terrorism Financing (EO AML/CTF).
The delegation includes representatives from the UAE Financial Intelligence Unit (FIU) and other government officials.

The European Investment Bank (EIB) has announced its support for India’s National Green Hydrogen Mission by offering a loan facility of up to €1 billion.
The loan aims to assist India in developing its nascent green hydrogen ecosystem and renewable energy projects.
EIB Vice-President Kris Peeters will confirm the lender’s interest in providing the loan during his visit to India this week to attend G20 events.

The Ministry of Social Justice & Empowerment launches the Atal Vayo Abhyuday Yojana to empower senior citizens in India.
The Atal Vayo Abhyuday Yojana (AVYAY) is a scheme launched by the Ministry of Social Justice and Empowerment in India to empower senior citizens and ensure their well-being and social inclusion.
It is a Central Sector Scheme, which is formerly known as National Action Plan for Senior Citizens.
Its vision is to create a society where senior citizens live healthy, happy and empowered life.
The scheme aims to address the financial, healthcare, and social needs of elderly citizens, recognizing their valuable contributions to society.