Current affairs 20 May 2024

India’s Foreign Exchange Reserves surged to $644.15 billion.

• India’s foreign exchange reserves surged for the second straight week, by USD 2.561 billion to USD 644.151 billion in the week that ended on May 10.
• The nation’s foreign exchange reserves had recently achieved an all-time high of USD 648.562 billion.
• However, in 2024, foreign exchange reserves have cumulatively increased by about USD 23 billion so far.
• RBI/Governor - ShaktiKant Das.

India-UAE conclude first round of talks on Economic Corridor.

• Initial discussions on the India-Middle East-Europe Economic Corridor took place between India and UAE, following a framework agreement.
• The meetings reflect the high priority of the IMEEC initiative, aiming for logistical efficiencies, cost reductions, joint investments, and technical collaboration.
• The pact was inked during PM Modi’s UAE visit.
• UAE/President: Mohammed bin Zayed Al Nahyan

US carries out Subcritical Nuclear test in Nevada.

• The US conducted its third subcritical nuclear test under President Biden's tenure in Nevada to gather crucial data on nuclear warheads.
• Aimed at ensuring safety and efficiency, these tests avoid nuclear explosions, adhering to the 1992 moratorium.
• This latest subcritical test, following one in September 2021, underscores ongoing efforts to validate the arsenal without breaching test bans.

New Permanent Judges for Gauhati HC Appointed by Supreme Court.

• The Supreme Court Collegium has endorsed Justice Susmita Phukan Khaund and Justice Mitali Thakuria as permanent Judges of the Gauhati High Court.
• Additionally, Justice Rajesh Sekhri's appointment as an Additional Judge in the High Court of Jammu & Kashmir and Ladakh has been extended for another year from 29 July 2024.
• The decision was made by Chief Justice of India Dhananjaya Y Chandrachud.

Nishad Kumar and Preethi Pal secured Medals at World Para Athletics.

• Nishad Kumar and Preethi Pal clinch silver and bronze at the World Para Athletics Championships in Kobe, Japan.
• Kumar, a Paralympic silver medalist, secures India’s first medal with a 1.99m high jump in the T47 category, finishing second.
• Preethi Pal then added a bronze to India's tally after finishing third in the women's T35 200m final with a time of 30.49 seconds.