In a bold move that could reshape the landscape of internet search, OpenAI, the company behind the revolutionary ChatGPT, has announced the development of an AI-powered search engine called SearchGPT.
This initiative represents a significant challenge to Google’s dominance in the $200 billion search market and marks a new chapter in the ongoing AI revolution.
Government Launches Revised Model Skill Loan Scheme
The Centre has introduced a revised Model Skill Loan Scheme, designed to provide financial support for skill development courses to the nation’s youth.
Launched on July 2024, by Jayant Chaudhary, Minister of State for Skill Development and Entrepreneurship and Education, the scheme aims to remove financial barriers to advanced skill education.
All-India Consumer Price Index Numbers for Agricultural and Rural Labourers
The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) (Base: 1986-87=100) saw an increase of 11 points each in June 2024, reaching 1280 and 1292, respectively. The year-on-year inflation rates based on CPI-AL and CPI-RL were 7.02% and 7.04%, respectively, compared to 6.31% and 6.16% in June 2023. For May 2024, these rates were 7.00% for CPI-AL and 7.02% for CPI-RL.
India’s First Integrated Agri-Export Facility at Jawaharlal Nehru Port
The Jawaharlal Nehru Port Authority (JNPA) is set to develop India’s first integrated agricultural export facility at Jawaharlal Nehru Port in Mumbai.
The project, approved by the Union Minister for Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, is valued at Rs. 284.19 crore and will cover an area of 67,422 square meters.
This state-of-the-art facility aims to streamline logistics, reduce multiple handling, and extend the shelf life of agricultural products, thus enhancing the export capacity of Indian agricultural commodities.
Commemorative Postage Stamp Released for 25th Anniversary of Kargil Vijay Diwas
The Department of Posts has released a commemorative postage stamp at Dras, Kargil in Ladakh, marking the Silver Jubilee of Kargil Vijay Diwas. This special edition celebrates the 25th anniversary of India’s victory in the Kargil War, acknowledging the exceptional bravery, determination, and sacrifice of the armed forces.
AU Small Finance Bank Seeks Universal Banking License
AU Small Finance Bank’s board has approved a proposal to transition from a Small Finance Bank (SFB) to a universal bank. This decision aligns with the Reserve Bank of India (RBI) guidelines issued on August, 2016, and the circular on voluntary transition of SFBs to universal banks dated April, 2024. A four-member Committee of Directors has been formed to oversee the application process, with HR Khan, the bank’s part-time Chairman and Independent Director, serving as Chairperson.
International Tiger Day 2024
International Tiger Day is observed every year on 29 July to spread awareness about the need for the conservation of Tigers and promote the protection of the natural habitat of tigers. This day is also known as Global Tiger Day.