Daily Current Affairs – January 09 & 10, 2024
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Daily Current Affairs - Banking - January 09 & 10, 2024
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National News
Centre to invest ₹60,000 crores in river cruise tourism, green vessel development by 2047
- Union Minister Sarbananda Sonowal told that Centre would invest ₹60,000 crores by 2047 in river cruise tourism and the development of green vessels.
- It will invest ₹45,000 crores in river cruise, which will take the passenger capacity from 2 lakh to 15 lakh by
- The central government aims to invest another ₹15,000 crores in green transport over the next 10 years to develop 1,000 vessels and ferries.
- Ministry of Ports, Shipping and Waterways – Sarbananda Sonowal, Union Minister (Rajya Sabha MP, Assam) – Shripad Yesso Naik, Minister of State (North Goa) & Shantanu Thakur, Minister of State (Bangaon,West Bengal)
Giriraj Singh inaugurates one-day National Workshop on Role of Panchayati Raj Institutions in Addressing Gender Based Violence at New Delhi
- Union Minister for Rural Development and Panchayati Raj, Giriraj Singh inaugurated the one-day National Workshop virtually on Role of Panchayati Raj Institutions in Addressing Gender-Based Violence (GBV) today at New Delhi.
- Giriraj Singh also released “Panchayats Free From Gender-Based Violence – A Handbook for Elected Representatives” on the occasion.
- The workshop was organized by the Ministry of Panchayati Raj in collaboration with UNFPA (United Nations Population Fund)
- Ministry of Panchayati Raj – Giriraj Singh,Cabinet Minister (Begusarai,Bihar) – Kapil Moreshwar Patil, Minister of State (Bhiwandi,Maharashtra)
- United Nations Population Fund (UNFPA) – 1969 (Founded) – New York (HQ) – Natalia Kanem (Executive Director)
International News
Denmark’s green fuels alliance to boost sustainable energy solutions sector
- At the Global Investors Meet (GIM) 2024, Denmark announced a Green Fuels Alliance India (GFAI) initiative to boost collaboration between the two countries in the sustainable energy solutions sector and advance its joint global goal towards carbon neutrality.
- Led by the Danish Embassy and the Consulate-General of Denmark in India, the alliance is a strategic initiative poised to play a pivotal role in advancing the green fuels sector, including green hydrogen, by fostering innovation, collaboration, and partnerships between Danish industries and their counterparts in India.
- The GFAI’s primary objective is to promote sustainable energy growth in India by establishing an ecosystem that encourages collaboration among businesses, government entities, research institutions, and financial stakeholders.
- Nine pioneering Danish organisations — Maersk, Topsoe, Umwelt Energy, Mash Makes, European Sustainable Solutions, Novozymes, Danfoss, Brdr.
- Christensen and Hydrogen Denmark — have committed themselves to the GFAI initiative as founding members.
- Meanwhile, the GFAI’s advisory board members include India Hydrogen Alliance, Energy Consortium at the Indian Institute of Technology-Madras, the Danish Energy Agency and State of Green.
- The announcement comes at time when India is working towards achieving net zero emissions by
- The GFAI is demonstrative of activities under the Green Strategic Partnership (GSP) signed between India and Denmark in 2020.
- Denmark – Copenhagen (Capital) – Danish krone (Currency) – Margrethe II (Monarch) – Mette Frederiksen (Prime Minister) – Danish (Language)
Singapore’s Changi Airport named best airport in the world for 2023
- Singapore’s Changi Airport named best airport in the world for
- The Airport reclaim the title it lost in the past two years to Qatar’s Hamad International Airport.
- It marks the twelfth time Singapore’s Changi Airport has received the coveted accolade.
- Singapore – Singapore City (Capital) – Singapore dollar (Currency) – Tharman Shanmugaratnam (President) – Lee Hsien Loong (Prime Minister) – Malay (Language)
Defence Minister Rajnath Singh visit to United Kingdom
- Union Defence Minister Rajnath Singh held bilateral talk with his British counterpart Grant Shapps in London.
- India and United Kingdom signed a Memorandum of Understanding (MoU) for bilateral international cadet exchange programme and also a Letter of Arrangement (LoA) on defence collaboration in Research and Development.
- This is the first visit by an Indian Defence Minister to U.K. after over two decades, the last visit was by George Fernandes in 2002.
- The LoA on R&D was signed between India’s Defence Research and Development Organisation (DRDO) and UK’s Defence Science and Technology Laboratory (DSTL).
- United Kingdom – London (Capital) – Pound Sterling (Currency) – Charles III (Monarch) – Rishi Sunak (Prime Minister) – English (Language)
State News
10th edition of the Vibrant Gujarat Global Summit (VGGS) 2024
- Infibeam Avenues, signed a Memorandum of Understanding (MoU) with the Gujarat Government, with a proposed investment of ₹2,000 crores by the financial year 2030 (FY30) and aims to develop its Artificial Intelligence (AI) Hub for developing AI technology for payments and platforms aimed at servicing
- Gautam Adani announced an investment of over ₹2 lakh crore in Gujarat, largely in building a green energy park that would be visible even from space.
- Fintech firm One97 Communications, which owns Paytm brand, plans to invest ₹100 crores in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem.
World Bank to provide ₹2,328 crore aid for flood management project to Maharashtra
- The World Bank has given its consent to finance a flood management project that entails diverting surplus rain water from Kolhapur and Sangli region to drought-hit Marathwada of Maharashtra.
- The project costs ₹3,326 crores and the World Bank will provide ₹2,328 crores in financial assistance.
- The remaining ₹998 crores will be provided by the state government.
- World Bank – December 1944 (Founded) – Washington DC (HQ) – Ajay Banga (President)
Tamil Nadu Global Investors Meet 2024
- Renga Polymers, the Karur-based garment company will invest ₹100 crores for setting up a green field PET Bottle recycling facility at Thennilai and Manavasi in Karur in western Tamil Nadu.
- The project will use the latest technology for recycling waste PET bottles to value added products like fibers, yarns and garments.
- This investment is aimed to increase rPSF capacity by six times to 130 tonnes per day.
- The end of use of the company’s products will go into technical textiles, woven and knitted products
NABARD pegs credit plan estimate for Kallakurichi at over ₹12,000 crores for 2024-25
- The National Bank for Agriculture and Rural Development (NABARD) has pegged the Potential Linked Credit Plan (PLP) for Kallakurichi district at ₹12,085.88 crores for the year 2024-25.
- The projected credit potential for the priority sectors of the district for 2024-25 is 31% more than the previous year’s estimated credit flow potential.
- It is also 41% higher than the current year’s Annual Credit Plan (ACP) target.
- The PLP will be the reference for the preparation of the ACP by Indian Bank.
- National Bank for Agriculture and Rural Development (NABARD) – 12/07/1982 (Founded) – Mumbai (HQ) – Shri. Shaji K V (Chairman)
Parshottam Rupala lays the foundation stone for the project to modernize and upgrade the Paradip Fishing Harbour in Paradip, Odisha
- Minister for Fisheries, Animal Husbandry, and Dairying Parshottam Rupala inaugurated and laid the foundation stone for the project to modernize and upgrade the Paradip Fishing Harbour in Paradip, Odisha.
- The Central Government has approved the proposal of the Paradip Port Authority for modernization and upgrading of the Paradip Fishing Harbour at a total estimated cost of ₹108.91 Crores with 100% central financial assistance under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in collaboration with the Ministry of Ports, Shipping and Waterways under the Sagarmala Scheme.
- This Fishing Harbour Project shall be implemented by Paradip Port Authority with a completion period of 18 months.
Schemes
"Yogyasree", a new social welfare scheme for SC/ST Students
- West Bengal Chief Minister Mamata Banerjee introduced a free training module for the Scheduled Caste and Scheduled Tribe students in West Bengal for various entrance and competitive examinations under the name of “Yogyasree”, a new social welfare scheme.
- Fifty centres will be opened all across the state where the SC and ST students will be able to take training completely free of cost for competitive examinations.
- Similar 46 centres will offer free training to the SC & ST students for students aspiring for government jobs, civil services etc.
- She also introduced a toll free anti-ragging number for students and said notification should be put up in all colleges and universities.
Banking and Finance
PFC gets Reserve Bank nod to set up finance company in GIFT City
- Power Finance Corporation (PFC) received approval from the Reserve Bank of India (RBI) to set up a wholly-owned finance company in the GIFT City in Gujarat.
- The entity at the International Financial Services Centre (IFSC) will present new business opportunities for PFC and contribute to the growth of the country’s power sector.
- PFC is an infrastructure finance company under the power ministry.
- Power Finance Corporation Ltd (PFC) – July 1986 (Founded) – New Delhi (HQ) – Parminder Chopra (Chairman & MD)
Karnataka Bank signed pact with Digivriddhi to offer financial services to dairy farmers
- Karnataka Bank has partnered with fintech company Digivriddhi (DGV) to offer financial services catering to the needs of dairy farmers and milk societies.
- The services will be made available at village dairy co-operative societies associated with milk unions of Karnataka Milk Federation (KMF).
- To begin with, the services are now made available to milk societies associated with Chamarajnagar Milk Union.
- Karnataka Bank – 18/02/1924 (Founded) – Mangalore,Karnataka (HQ) – Srikrishnan Hari Hara Sarma (MD & CEO)– “Your Family Bank Across India” (Tagline)
Business and Economy
World Bank keeps India's FY25 GDP growth estimate unchanged at 6.4%
- The World Bank kept its FY25 economic growth projection for India unchanged at 4 per cent, mainly on account of strong domestic demand, rising public infrastructure spending and strong private-sector credit growth.
Summit & Conference
2-day Regional Conference on “e-Governance” in Guwahati
- Governor of Assam, Gulab Chand Kataria inaugurated the Regional Conference on the theme “e- Governance” in Guwahati.
- Union Minister of State (Independent Charge) Science & Technology, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh address the Inaugural Session.
- The Department of Administrative Reforms and Public Grievances (DARPG), in collaboration with Government of Assam involving eight North Eastern states and four states of Eastern region, is organizing the two-day Conference.
- This is the 26th Regional Conference convened by DARPG during the period 2014-2024.
- The 2-day Regional Conference with focus on e-Governance will showcase all Award-Winning nominations across India under the National e-Governance Awards Scheme, 2023.
- Paban Kumar Borthakur, Chief Secretary, Government of Assam and Srinivas, Secretary, DARPG will also address the inaugural session.
- During the session, a booklet on the Journey of 25 Regional Conferences and e-journal MGMG (July – Dec, 2023 edition) on e-Governance Initiatives will be released.
- A film on e-Governance Awarded initiatives 2023 will be screened.
- This Regional Conference at Guwahati will have 7 sessions on different topics.
Acquisitions and Mergers
LIC increases stake in Navin Fluorine International to 5.04% from 4.79%
- Life Insurance Corporation of India (LIC) has increased its stake in Navin Fluorine International to 04 per cent from 4.79 per cent.
- It had bought 21 lakh shares of Navin Fluorine International an average price of ₹3,630.39 apiece.
- Life Insurance Corporation of India (LIC) – 01/09/1956 (Founded) – Mumbai (HQ) – Siddhartha Mohanty (Chairman)
Appointments
Gabriel Attal is the France Youngest Prime Minister
- Gabriel Attal has been named France’s next prime minister by replacing Élisabeth Borne.
- At 34, he is the youngest PM in modern French history, outranking even Socialist Laurent Fabius who was 37 when he was appointed by François Mitterrand in 1984.
- He is France’s first openly gay Prime Minister.
- France – Paris (Capital) – Euro (Currency) – Emmanuel Macron (President) – Gabriel Attal (Prime Minister) – French (Language)
Tshering Tobgay become Prime Minister of Bhutan for second time
- Tshering Tobgay became Prime Minister of Bhutan for a second time.
- He will replace interiem PM Chogyal Dago Rigdzin.
- He served as prime minister from 2013 to 2018.
- Bhutan – Thimphu (Capital) – Ngultrum (Currency) – Jigme Khesar Namgyel Wangchuck (Druk Gyalpo) – Tshering Tobgay (Prime Minister) – Dzongkha (Language)
Rear Admiral Upal Kundu assumes charge as Chief of Staff at Southern Naval Command
- Rear Admiral Upal Kundu has assumed charge as Chief of Staff, Southern Naval Command (SNC).
- An alumnus of the Indian Naval Academy, he was commissioned into the Indian Navy in 1991.
- He is an anti-submarine warfare (ASW) specialist and commanded guided missile frigate INS Trikand, missile corvette INS Kuthar, erstwhile INS Akshay, and ashore units — INS Tanaji and INS Kadamba.
Railway Board gets new Secretary, two new members
- Aruna Nayar, Indian Railway Personnel Service (IRPS) Officer of the 1987 batch was appointed Secretary of the Railway Board in the Ministry of Railways.
- Seema Kumar has taken over the charge of the post of Member (Operations & Business Development) and Satish Kumar, has taken over the charge of Member (Traction & Rolling Stock) in Railway Board.
- Ministry of Railways – Ashwini Vaishnaw,Union Minister (Rajya Sabha MP,Odisha) – Raosaheb Danve,Minister of State (Jalna,Maharashtra) Darshana Jardosh,Minister of State (Surat,Gujarat)
Awards and Recognitions
President of India presented Sports and Adventure Awards 2023
- The President of India, Droupadi Murmu, presented the Sports and Adventure Awards 2023 at a function held at Rashtrapati Bhavan.
- The Awards include Major Dhyan Chand Khel Ratna Awards-2023; Dronacharya Awards-2023; Arjuna Awards-2023; Dhyan Chand Awards-2023; Tenzing Norgay National Adventure Awards-2022; Rashtriya Khel Protsahan Puruskar-2023; and Maulana Abul Kalam Azad Trophy-2023.
Obituary
Hindustani classical singer Ustad Rashid Khan passes away
- Hindustani classical musician Ustad Rashid Khan passed away at 55.
- Ustad Rashid Khan was born in Sahaswan, Badayun, Uttar Pradesh on 1 July 1968.
- The classical vocalist was also awarded the Padma Shri as well as the Sangeet Natak Akademi Award in 2006 and the Padma Bhushan in 2022.
Sports News
Varun Tomar and Esha Singh won gold in Asian shooting championship
- Esha Singh and Varun Tomar won the Olympic quota with gold medals in the men’s and women’s air pistol in the Asian shooting championship in Jakarta, Indonesia.
- It was the second Olympic quota in men’s air pistol, and the first in women’s air pistol.
- Rhythm Sangwan won the bronze, while the third Indian, Surbhi Rao was sixth.
- Esha Singh, Rhythm Sangwan & Surbhi Rao won women’s 10m air pistol team gold medal.
- India also secured the gold medal in the men’s 10m air rifle team event with Varun Tomar, Arjun Singh Cheema and Ujjawal Malik.
- India have now secured 15 quotas in shooting for the 2024 Paris Olympics, matching the tally from Tokyo 2020.
Important Days
Pravasi Bharatiya Divas 2024
- Pravasi Bharatiya Divas (PBD) or NRI Day is annually celebrated in India on January 9.
- The day commemorates the return of Mahatma Gandhi, the greatest Pravasi from South Africa to India in 1915 for the struggle of Independence.
- The main aim of the day is to pay homage and honour to the Overseas Indian community who play a significant role in the development of the country.
World Hindi Diwas 2024
- World Hindi Diwas Day, also known as Vishwa Hindi Diwas, is annually celebrated on January 10.
- It marks the day when Hindi was first spoken in the United Nations General Assembly (UNGA) in
- The first World Hindi Day was celebrated in 2006 under the instructions of former Prime Minister Dr Manmohan Singh.
- The Day is celebrated with great enthusiasm by the Ministry of External Affairs, which organises events and activities to promote the language.
Defence
DRDO launches indigenous assault rifle 'Ugram' for armed forces
- Defence Research and Development Organisation (DRDO) launched Ugram, a state-of-the-art assault rifle of the 62 x 51 mm calibre.
- Dr Shailendra V Gade, Director General, Armament and Combat Engineering Systems of the DRDO, unveiled the first operational prototype of the assault rifle in Pune.
- Ugram, which means ferocious, has been developed and manufactured by DRDO’s Pune-based facility Armament Research and Development Establishments (ARDE) has developed the rifle along with Hyderabad-based Dvipa Armour India Private Limited.
- It is designed for the operational requirements of armed forces, paramilitary and state police forces.
- It has been designed based on the General Staff Qualitative Requirements (GSQRs) of the Indian Army.
- It weighs less than four kilograms and has an effective range of 500 metres.
- Having a 20-round magazine, the rifle has a rivet-free design and is capable of firing in both single as well as full auto mode.
- The project was taken up in a mission mode two years ago and more than ₹800 crores was given for the project.
- Defence Research and Development Organisation (DRDO) – 1958 (Founded) – New Delhi (HQ) – Dr Sameer V Kamath (Chairman)
Daily Current Affairs - January 09 & 10, 2024 - Consolidated
- Centre to invest ₹60,000 crores in river cruise tourism, green vessel development by 2047
- Giriraj Singh inaugurates one-day National Workshop on Role of Panchayati Raj Institutions in Addressing Gender Based Violence at New Delhi
- Denmark’s green fuels alliance to boost sustainable energy solutions sector
- Singapore’s Changi Airport named best airport in the world for 2023
- Defence Minister Rajnath Singh visit to United Kingdom
- 10th edition of the Vibrant Gujarat Global Summit (VGGS) 2024
- World Bank to provide ₹2,328 crore aid for flood management project to Maharashtra
- Tamil Nadu Global Investors Meet 2024
- NABARD pegs credit plan estimate for Kallakurichi at over ₹12,000 crores for 2024-25
- Parshottam Rupala lays the foundation stone for the project to modernize and upgrade the Paradip Fishing Harbour in Paradip, Odisha
- “Yogyasree”, a new social welfare scheme for SC/ST Students
- PFC gets Reserve Bank nod to set up finance company in GIFT City
- Karnataka Bank signed pact with Digivriddhi to offer financial services to dairy farmers
- World Bank keeps India’s FY25 GDP growth estimate unchanged at 6.4%
- 2-day Regional Conference on “e-Governance” in Guwahati
- LIC increases stake in Navin Fluorine International to 5.04% from 4.79%
- Gabriel Attal is the France Youngest Prime Minister
- Tshering Tobgay become Prime Minister of Bhutan for second time
- Rear Admiral Upal Kundu assumes charge as Chief of Staff at Southern Naval Command
- Railway Board gets new Secretary, two new members
- President of India presented Sports and Adventure Awards 2023
- Hindustani classical singer Ustad Rashid Khan passes away
- Varun Tomar and Esha Singh won gold in Asian shooting championship
- Pravasi Bharatiya Divas 2024
- World Hindi Diwas 2024
- DRDO launches indigenous assault rifle ‘Ugram’ for armed forces
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