Current affairs 13 August 2023

NCLT Approves $10 Billion Mega-Merger Between Zee and Sony.

• The National Company Law Tribunal approved the merger scheme of India’s homegrown entertainment company Zee Entertainment Enterprises with Culver Max Entertainment in Aug 2023.
• Aim: To create a $10-billion Indian media giant.
• ZEE will have 30 days to file with the registrar of companies, following which, the shares of the company will be de-listed from the stock exchanges and the merged company will get re-listed in another six weeks.

69th edition of Nehru Trophy Boat Race to be held in Kerala.

• The 69th edition of the famed Nehru Trophy Boat Race 2023 would be held at the picturesque Punnamada Lake in Alappuzha district in Kerala.
• 72 boats, including 19 Chundan Valloms or Snake Boats vying for the coveted trophy, will be participating in the boat race, held every year on the second Saturday of August.
• Chief Minister of Kerala PInarayi Vijayan would inaugurate the event.
• The current champion, Pallathuruthy Boat Club from Alappuzha, has bagged the Trophy thrice.

Subhash Runwal receives the Lifetime Achievement Award 2023.

• Chairman Subhash Runwal, was honored with the Lifetime Achievement Award 2023 at the first-ever RICS South Asia Awards.
• Royal Institution of Chartered Surveyors is a global industry body representing professionals across the country.
• Aim: To acknowledge outstanding accomplishments in both global and Indian industries, showcasing the commitment to the highest levels of professionalism and ethics by individuals and teams working within built and natural environments.

Telangana launched India’s first Agricultural Data Exchange and ADMF.

• Telangana IT and Industries Minister K Taraka Ramarao launched India’s first Agricultural Data Exchange (ADeX) and Agriculture Data Management Framework (ADMF) in Hyderabad in August 2023.
• The ADeX has been developed as a digital public infrastructure (DPI) for the agriculture sector.
• Aims: To ensure fair and efficient usage of agricultural data by the industry and startups and provide a big boost to the data economy specifically in the agriculture sector.

CM Solar Mission launched in power deficit Meghalaya.

• Meghalaya Chief Minister Conrad K Sangma launched the Rs 500 crore Chief Minister's Solar Mission for minimizing the power deficit in this northeastern hill state in August 2023.
• The mission will be a flagship Renewable Energy intervention committed to fostering green and clean energy transformation across the state.
• The mission will begin a new era of resilience, independence, and green progress for Meghalaya.