Daily Current Affairs – April 26, 2024
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Daily Current Affairs - Banking - April 26, 2024
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National News
Indian Historical Records Commission (IHRC) Adopts a New Logo and Motto
- The Indian Historical Records Commission (IHRC), an apex advisory body on archival matters, acts as an all-India forum of creators, custodians and users of records to advise the Government of India on the management of records and their use for historical research.
- Established in 1919, the IHRC is headed by the Union Minister of Culture.
- In order to visually communicate the unique identity of IHRC and the ethos that it represents, an online competition was launched in 2023 on MyGov portal to invite the designs for logo and motto, and in response a total 436 entries were received.
- The following entry for logo and motto submitted by Shaurya Pratap Singh (Delhi) was selected for the logo as well as the motto of the IHRC.
- The logo signifies the theme and uniqueness of IHRC entirely.
- The pages in the shape of lotus petals represent IHRC as the resilient nodal institution for maintaining historical records.
- The Sarnath pillar in the middle represents India’s glorious past.
- Brown as the colour theme reinforces the organization’s mission of preserving, studying and honouring India’s historical records.
- The motto translates as “Where history is preserved for the future.”
Workshop organised for World Intellectual Property Day by CSIR-NIScPR
- The Council of Scientific & Industrial Research – National Institute of Science Communication and Policy Research (CSIR-NIScPR) organized a national workshop and celebrated World Intellectual Property Day.
- The theme of the workshop was “IP and SDGs: Innovating for a Shared Future.”
- The event, held at the seminar hall of CSIR-NIScPR V. Marg campus, New Delhi, was attended by over 250 school students and featured presentations from five outstanding innovators who were also felicitated for their contributions to technology and entrepreneurship.
International News
India-South Korea Consultations On Disarmament and Non-Proliferation Held In Seoul
- India-South Korea Consultations on Disarmament and Non-Proliferation were held in Seoul, South Korea.
- The two sides discussed developments in the field of disarmament and non-proliferation rating to nuclear, chemical and biological domains.
- They also discussed regional non-proliferation issues, outer space security-related matters, conventional weapons including AI in the military domain and multilateral export control regimes.
- The Indian delegation was led by Joint Secretary (Disarmament and International Security Affairs), Ministry of External Affairs, Muanpuii Saiawi.
- The South Korean delegation was led by Director General for Non-Proliferation and Nuclear Affairs in Ministry of Foreign Affairs, Youn Jong Kwon.
Banking and Finance
IndusInd Bank successfully executes RBI's programmable CBDC pilot
- IndusInd Bank announced the successful execution of the Reserve Bank of India’s programmable Central Bank Digital Currency (CBDC) pilot, marking the first such instance by any bank.
- The pilot project, done in collaboration with Circularity Innovation Hub India Private Limited (CIH), involved an alternate form of CBDC wherein the bank can program the end use of funds, specifically targeting farmers for carbon credit generation.
- As a part of this pilot, IndusInd Bank initiated the programmable CBDC disbursement to 50 farmers in Ratnagiri district of Maharashtra and will cover around 1,000 farmers going ahead, marking a milestone in the adoption of innovative financial solutions for the agriculture sector.
- IndusInd Bank Limited – April 1994 (Founded) – Mumbai (HQ) – Sumant Kathpalia (MD & CEO) – “We Make You Feel Richer” (Tagline)
Nabard joined with Reserve Bank Innovation Hub to ease agri loan access
- The National Bank for Agriculture and Rural Development (Nabard) has said it will integrate its e-KCC (electronic Kisan Credit Card) loan origination system portal with the Reserve Bank Innovation Hub’s (RBIH) public tech platform for frictionless credit (PTPFC).
- The integration will give about 351 district and state cooperative banks and 43 regional rural banks (RRBs) access to a range of services including digital state land records, satellite data, KYC, credit history and transliteration for more effective credit underwriting,
- The collaboration between Nabard, which is the apex development bank for promoting sustainable and equitable agriculture and rural development, and RBIH, a wholly-owned subsidiary of the RBI, will streamline the lending process and reduce the turnaround time for loans from about o four weeks to just five minutes for India’s 12 crore farmers.
- National Bank for Agriculture and Rural Development (NABARD) – 12/07/1982 (Founded) – Mumbai (HQ) – Shri. Shaji K V (Chairman)
REC Limited avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen
- REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, has successfully availed a Green Loan of Japanese Yen (JPY) 60.536 billion to finance eligible green projects in India.
- The green loan facility benefits from an 80% guarantee by Italian Export Credit Agency, SACE (Italy) under their innovative Push Strategy programme.
- The arrangement between SACE and REC is a breakthrough and a first-of-its-kind collaboration between an Indian government entity and SACE.
- The green loan facility sets a benchmark in the Indian public sector landscape, for similar green financing transactions, highlighting a growing commitment to sustainable financing.
- The facility also marks SACE’s first JPY-denominated loan transaction and first green loan transaction in India.
- The Green Loan has loan participation from banks across Asia, USA and Europe, namely Crédit Agricole Corporate and Investment Bank, Bank of America, Citibank, KfW IPEX-Bank and Sumitomo Mitsui Banking Corporation as Mandated Lead Arrangers.
- Crédit Agricole Corporate and Investment Bank would be acting as the Export Credit Agency Coordinator, Green Loan Coordinator, Documentation Bank and Facility Agent.
- The loan facility is a strategic investment for REC Limited, which reinforces its commitment to foster sustainable growth, in alignment with the company’s Green Finance Framework.
- The green loan demonstrates the dedication of REC and its partners in supporting projects which meet rigorous environmental standards, promote renewable energy and contribute to reducing carbon emissions throughout India.
- Additionally, it also reflects the growing momentum towards green financing and the collective efforts of stakeholders to address environmental challenges.
Business and Economy
Deloitte projects India's FY25 GDP growth at 6.6%
- Deloitte India estimates India’s GDP growth at 6 per cent for the fiscal year 2024-25 helped by consumption expenditure, exports rebound and capital flows.
Summit & Conference
ASSOCHAM organised 2nd Global IP Leadership Summit and Awards
- ASSOCHAM is organizing 2nd Global IP Leadership Summit and Awards in New Delhi.
- This pioneering event aims to bring together distinguished IP leaders from India and abroad, providing a platform to exchange ideas, best practices, and strategies while honoring their invaluable contributions to the field of intellectual property.
- Associated Chambers of Commerce & Industry of India (ASSOCHAM) – 1920 (founded) – New Delhi (founded) – Sanjay Nayar (President)
Power
SJVN inaugurates First Multi-purpose Green Hydrogen Pilot Project of the Nation
- SJVN Limited has achieved a significant milestone with the inauguration of India’s first Multi-purpose (Combined Heat & Power) Green Hydrogen Pilot Project at SJVN’s 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh.
- The green hydrogen produced from the project will be utilized for High Velocity Oxygen Fuel (HVOF) Coating Facility of NJHPS for meeting its combustion fuel requirements.
- In addition, it will also generate electricity through its fuel cell of 25 kW capacity.
- The first Multi-purpose (Combined Heat & Power) Green Hydrogen Generation Plant of the nation has been inaugurated by Chairperson and Managing Director, Geeta Kapur.
- The state-of-the-art Green Hydrogen Pilot Project is set to produce 14 kilograms of Green Hydrogen daily during 8 hours of operation.
- The hydrogen produced will be stored at a pressure of 30 bars, in six storage tanks, with a total storage capacity of 12 m3.
- The project will produce hydrogen using alkaline electrolyzer of 20 Nm3/hour capacity, which would be powered by renewable energy supplied from 31 MW Solar Power Plant of SJVN in Wadhal, Shimla.
- SJVN Chairperson also inaugurated first-of-its-kind Centralized Operation of the 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) and 412 MW Rampur Hydro Power Station (Rampur HPS), by remotely operating Unit-2 of Rampur HPS from NJHPS Control Room at Jhakri, Himachal Pradesh.
- Rampur HPS is being successfully operated on Tandem Operating System with NJHPS.
Appointments
Gita Sabharwal appointed as UN resident coordinator in Indonesia
- UN Secretary-General António Guterres has appointed Gita Sabharwal of India as the United Nations resident coordinator in
- She has 30 years of experience in development supporting climate transition, sustainable peace, governance and social policy, while leveraging digital technology and data to accelerate the Sustainable Development Goals (SDGs).
RBI Deputy Governor Rabi Sankar's Tenure Extended by 1 Year
- The Appointments Committee of the Cabinet has approved the re-appointment of T Rabi Sankar, Deputy Governor Reserve Bank of India, for a period of one year with effect from May 3, 2024.
- He was appointed as the RBI Deputy Governor in May, 2021 for a period of three years.
Prabowo formally declared as president of Indonesia
- Indonesia’s electoral commission has formally declared Prabowo Subianto as president of the country.
- He would replace Joko Widodo.
- Indonesia – Jakarta (Capital) – Indonesian rupiah (Currency) – Prabowo Subianto (President) – Indonesian (Official Language)
Arun Alagappan appointed as Executive Chairman of Coromandel International
- Murugappa Group’s fertilizer firm Coromandel International Ltd has announced that Arun Alagappan has been appointed as Executive Chairman of the company.
- A Vellayan retires from the position of Chairman and Non-Executive Director with effect from the close of April 25, 2024.
Awards and Recognitions
Amitabh Bachchan receives Lata Deenanath Mangeshkar Puraskar
- Amitabh Bachchan was honoured with the Lata Deenanath Mangeshkar Puraskar.
- AR Rahman received the Master Deenanath Mangeshkar Puraskar for contribution to Indian music.
- Randeep Hooda received the trophy for ‘Swatantrya Veer Savarkar’.
- Padmini Kolhapure was also honoured with Master Deenanath Mangeshkar Puraskar for
- The Master Deenanath Mangeshkar Puraskar was also presented to non-profit organisation Deepstambh Foundation Manobal for services in the field of social service.
- Ashtavinayak Prakashit’s “Galib”, produced by Malhar and Vajreshwari, was recognised as the best drama of the year.
- Marathi writer Manjiri Phadke received Master Deenanath Mangeshkar Puraskar for contribution to
Sports News
Mona Aggarwal won gold at World Shooting Para Sport tournament
- In Para-Shooting, Indian para-shooter Mona Aggarwal claimed a gold medal in women’s 10m air rifle while Army man Amir Ahmed Bhatt secured a silver in 25m pistol at the World Shooting Para Sport tournament held in Changwon, South Korea.
- She claimed the R2 – 10m air rifle standing SH1 gold medal with a score of 250.8 in the final.
- South Korea – Seoul (Capital) – Korean (Official Language) – Yoon Suk-yeol (President) – Han Duck-soo (Prime Minister) – Han Duck-soo (Currency)
Important Days
World Day for Laboratory Animals 2024 is observed on April 24
- World Day for Laboratory Animals is annually observed on April 24.
- In 1979, the day was established by National Anti-Vivisection Society (NAVS).
- World Laboratory Animal Liberation Week will be observed from April 22 to 28.
- This week raises awareness about the brutality that animals face in laboratories and persuades the government to fund advanced experimental procedures that are more relevant to humans and safer for animals.
- The week was founded on April 20, 2020.
International Girls in ICT Day 2024 is observed on April 24
- International Girls in ICT Day is annually observed on fourth Thursday in April.
- This year the day falls on April 24.
- The day is celebrated to create awareness on the need for more girls and women in the information and communications technology (ICT) sector and encourage them to pursue education and careers in STEM (Science, Technology, Engineering, and Mathematics).
International Delegate's Day 2024 is observed on April 25
- International Delegate’s Day is annually observed on April 25.
- The day is celebrated in order to raise awareness of the role of the representatives and delegates of the Member States to the United Nations.
- In its resolution 73/286 from 2 April 2019, the General Assembly recalls the achievement of the San Francisco Conference and proclaims April 25 as International Delegate’s Day.
World Intellectual Property Day 2024 is observed on April 26
- The World Intellectual Property Day is annually celebrated on April 26.
- The day aims to raise awareness about intellectual property (IP) rights and its role in encouraging innovation and creativity to make the world a better place.
- The day was first celebrated by the World Intellectual Property Office (WIPO) in
- WIPO, established in 1967, is the global forum for intellectual property (IP) services, policy, information and cooperation.
International Chernobyl Disaster Remembrance Day 2024 is observed on April 26
- International Chernobyl Disaster Remembrance Day is annually observed on April 26.
- An explosion at the Chernobyl Nuclear Power Plant in 1986 spread a radioactive cloud over large parts of the Soviet Union, now the territories of Belarus, Ukraine and the Russian Federation.
- Nearly 4 million people in the three countries were exposed to the radiation.
- On December 8 2016 the United Nations General Assembly adopted a resolution designating 26 April as International Chernobyl Disaster Remembrance Day.
Daily Current Affairs - April 26, 2024 - Consolidated
- Indian Historical Records Commission (IHRC) Adopts a New Logo and Motto
- Workshop organised for World Intellectual Property Day by CSIR-NIScPR
- India-South Korea Consultations On Disarmament and Non-Proliferation Held In Seoul
- IndusInd Bank successfully executes RBI’s programmable CBDC pilot
- Nabard joined with Reserve Bank Innovation Hub to ease agri loan access
- REC Limited avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen
- Deloitte projects India’s FY25 GDP growth at 6.6%
- ASSOCHAM organised 2nd Global IP Leadership Summit and Awards
- SJVN inaugurates First Multi-purpose Green Hydrogen Pilot Project of the Nation
- Gita Sabharwal appointed as UN resident coordinator in Indonesia
- RBI Deputy Governor Rabi Sankar’s Tenure Extended by 1 Year
- Prabowo formally declared as president of Indonesia
- Arun Alagappan appointed as Executive Chairman of Coromandel International
- Amitabh Bachchan receives Lata Deenanath Mangeshkar Puraskar
- Mona Aggarwal won gold at World Shooting Para Sport tournament
- World Day for Laboratory Animals 2024 is observed on April 24
- International Girls in ICT Day is observed on April 24
- International Delegate’s Day 2024 is observed on April 25
- World Intellectual Property Day 2024 is observed on April 26
- International Chernobyl Disaster Remembrance Day 2024 is observed on April 26
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