Current affairs 16 May 2024

Schneider Electric powered India's Largest Wastewater Treatment Plant.

• Schneider Electric collaborated with SUEZ for automating India's Largest Single Stage Wastewater Treatment Plant in Delhi, supporting the Namami Gange initiative.
• The plant, managed by Delhi Jal Board, can sustainably treat 564 million liters of sewage daily, benefiting approximately 30 million residents.
• It is designed to enhance water quality and reduce pollution in the Yamuna river.

OpenAI released new GPT-4o, a faster and free AI model for all users.

• The new model GPT-4o -- the O stands for omni -- will be rolled out in OpenAI's products over the next few weeks, with paid customers having unlimited access to the tool.
• GPT-4o has the same powers as the previous version when it came to text, reasoning, and coding intelligence, but it has set new industry standards for multilingual conversations, audio, and vision.
• OpenAI CEO: Sam Altman.

SBI becomes the first bank as trading, clearing member of IIBX.

• State Bank of India has become the first trading-cum-clearing member of the India International Bullion Exchange (IIBX) in GIFT City, enhancing its IFSC Banking unit's capabilities in bullion trading.
• RBI's allowance for IBUs to import gold as special category clients (SCCs) aims at boosting gold and silver trading volumes on the IIBX platform.
• SBI Chairman - Dinesh Kumar Khara

Sela Tunnel in Arunachal Pradesh recognised as India's highest tunnel.

• The Sela Tunnel, constructed by BRO India, has been officially recognized as the highest tunnel in the country by the International Book of Honour, England.
• The 2.598 Km long tunnel is situated at an altitude of 13000 ft on the Tezpur-Tawang Road.
• Prime Minister Narendra Modi inaugurated the Sela Tunnel, the world's longest twin-lane tunnel, in Arunachal Pradesh on March 9.

NASA plans to develop first railway systems on moon.

• NASA is developing the first lunar railway system, named FLOAT, to ensure efficient material transportation on the Moon, crucial for the 2030s projected sustainable lunar base operations.
• Designed for autonomy and flexibility in the challenging lunar environment, FLOAT can transport up to 100 tons daily, aiding in the construction and operation of NASA's future moon base.