Daily Current Affairs – January 25 & 26, 2024
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Daily Current Affairs - Banking - January 25 & 26, 2024
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National News
Cabinet Approval
- The Cabinet chaired by the Prime Minister Narendra Modi approved the scheme for promotion of Coal/Lignite Gasification Projects of Government PSUs and Private Sector with an outlay of ₹8,500 crore towards incentive for coal gasification projects under three categories.
- The selection of entities under category II and III shall be carried out through a competitive and transparent bidding process.
- The grant will be paid to the selected entity in two equal instalments.
- The cabinet also approved a Memorandum of Understanding (MoU), signed between the Ministry of Electronics and Information Technology of the Republic of India and the Ministry of Transport, Communications and Information Technology of the Sultanate of Oman on cooperation in the field of Information Technology.
- The cabinet also approved the proposal for signing of a protocol for establishment of Joint Economic and Trade Committee (JETCO) between the Department of Commerce, Ministry of Commerce and Industry of the Republic of India and the Ministry of Foreign Affairs of the Dominican Republic.
- It also approved proposal for equity investment by (i) CIL for setting up of Coal-to-SNG (Synthetic Natural Gas) Project at ECL command area through a JV of CIL & GAIL (Equity Capital of ₹1,997.08 Crore (±25%) by CIL considering a Debt-Equity Ratio of 70:30); and (ii) for setting up of Coal-to-Ammonium Nitrate Project at MCL command area through a JV of CIL & BHEL (Equity Capital of ₹1,802.56 Crore (± 25%) by CIL considering a Debt-Equity Ratio of 70:30).
State News
Vivek Bharadwaj inaugurates the National Consultative Workshop on Devolution to Panchayats at Goa
- Ministry of Panchayati Raj Secretary Vivek Bharadwaj, inaugurated the National Consultative Workshop on ‘Status of Devolution to Panchayats’ at Goa.
- Technical Session on Status of the Devolution to Panchayats in States was chaired by Vivek Bharadwaj where presentation on draft report on the study ‘Status of Devolution to Panchayats’ was made by IIPA and discussion on the status of devolution to the Panchayats in the States based on six dimensions, i.e. Framework, Functions, Finances, Functionaries, Capacity building and Accountability took place.
- The National Consultative Workshop is a vital platform for in-depth deliberations on the findings and recommendations of the draft Study Report.
- The draft report, prepared by IIPA, reflects a thorough analysis of the current status and potential enhancements in the devolution process to Panchayats.
- The workshop aims to gather diverse perspectives, insights, and recommendations to enrich the final report and pave the way for Ranking of States on Devolution to Panchayats.
Prime Minister inaugurates and lays foundation stone for development projects worth over ₹19,100 crores in Bulandshahr, Uttar Pradesh
- The Prime Minister, Narendra Modi inaugurated and laid the foundation stone for development projects worth over ₹19,100 crores in Bulandshahr, Uttar Pradesh.
- The projects are related to several important sectors like rail, road, oil and gas and urban development & Housing.
- He also inaugurated the ‘Integrated Industrial Township, Greater Noida’ (IITGN), spread over 750 acres, during a rally in Uttar Pradesh’s Bulandshahr district.
Banking and Finance
Zomato receives RBI nod to operate as payment aggregator
- Food delivery major Zomato wholly-owned subsidiary Zomato Payments Pvt Ltd (ZPPL) has received certificate of authorisation from RBI to operate as a payment aggregator.
- Earlier, players such as Razorpay, Tata Pay and Cashfree bagged similar payment aggregators licenses.
ICRA revises bank credit growth estimates upwards to 14.9-15.3% for FY24
- Rating agency ICRA has revised upwards its projections for bank credit growth for the current financial year (FY24) to 9-15.3 per cent from an earlier estimate of 12.8-13.0 per cent on the back of strong offtake in the retail segment and non-banking finance companies (NBFCs).
Business and Economy
Direct tax-GDP ratio rises to 15-year high of 6.11% during FY23
- According to the data released by the Central Board of Direct Taxes, The share of direct taxes in gross domestic product (GDP) rose to a 15-year high of 11 per cent during 2022-23 (FY23), but their buoyancy fell to 1.18 from 2.52 in the previous year.
- This means that while the tax-to-GDP ratio registered a record high during FY23 since 2008-09, the economic growth at current prices could not result in as high a rise in direct tax collections during the year as witnessed during 2021-22 (FY22).
- However, direct tax collections rose higher than economic growth during FY23. While nominal GDP rose 11 per cent during the year, direct tax collections rose 17.79 per cent.
Agreements and MoUs signed
INI Farms signs MoU with LuLu Group to export bananas to UAE
- INI Farms, part of the AgroStar group, has entered into a memorandum of understanding (MoU) with LuLu Group International to build a direct farm-to-retail partnership for the Indian Cavendish bananas.
- This is a further extension of a long-term partnership between the two groups already working on pomegranates and guavas to take the Indian fruits to the supermarkets and hypermarkets of the LuLu Group in the Middle East.
Nature
Odisha to establish a melanistic tiger safari – a first of its kind in the world
- The Odisha Government announced to establish a melanistic tiger safari — a first of its kind in the world.
- The safari will be established near Baripada, district headquarter town of
- An area of 200 hectares adjoining National Highway-18 has been identified for the purpose.
- About 100 ha will be the display area and the balance area shall be utilised for creation of veterinary care facilities, including rescue centre, staff infrastructure and visitor amenities.
- The STR is the only home for melanistic tigers in wild in the world.
- As per the last All India Tiger Estimation Report published by the National Tiger Conservation Authority (NTCA) in 2018, melanistic tigers have been found in wild only in the Similipal Tiger Reserve.
Power
Centre begins re-auction for 10 GWh tranche of ACC battery PLI scheme
- The Centre announced re-bidding for the 10 Gigawatt hour (Gwh) tranche of the total 20 GWh capacity under the production-linked incentive (PLI) scheme for the advanced chemistry cell (ACC) battery storage.
- A budgetary outlay of ₹3,620 crore has been earmarked as the incentive against setting up this battery manufacturing capacity in the latest round.
- In the current bidding process, the prospective applicants can submit their bids to set up a domestic manufacturing facility for ACC, which will help them qualify for incentives under the PLI ACC scheme.
Acquisitions and Mergers
SoftBank entity sells 2% stake worth ₹950 crore in Paytm parent
- Japanese investor SoftBank has offloaded two per cent of its stake in One 97 Communications, the parent company of fintech major Paytm.
- After selling a 2 per cent stake in the fintech company, SoftBank’s total shareholding has come down to 06 per cent.
- The company held a 24 per cent stake in February 2023.
- The current 2 per cent stake sale has yielded SoftBank close to ₹950 crore.
LIC gets RBI nod for 9.99% stake buy in HDFC Bank
- The Reserve Bank of India approved insurance behemoth Life Insurance Corporation of India’s (LIC) application to acquire up to 99 per cent aggregate holding of paid-up share capital in HDFC Bank, the country’s largest private sector bank.
Appointments
Justice Prasanna B Varale sworn in as Supreme Court Judge
- Justice Prasanna B Varale was sworn in as a Supreme Court judge, taking the court back to its full working strength of 34.
- Chief Justice D Y Chandrachud administered the oath of office to Justice Varale, who was formerly the Chief Justice of Karnataka High Court.
Anshu Mathur takes charge as Chief Adviser (Cost) in Department of Expenditure, Ministry of Finance
- Ashu Mathur, Indian Cost Accounts Service (ICoAS), Chief Adviser (Cost), Department of Expenditure, Ministry of Finance, has assumed the charge in Level-17 (Apex level).
- Prior to assuming the charge, Ashu Mathur, a 1991-batch officer of the ICoAS, was holding the charge of Additional Chief Adviser (Cost).
Awards and Recognitions
Gallantry Awards 2024
- President of India Droupadi Murmu has approved Gallantry awards to 80 Armed Forces personnel, including 12 posthumous, on the evening of 75th Republic Day.
- These include 6 Kirti Chakras, including 3 posthumous; 16 Shaurya Chakras, including 2 posthumous; 53 Sena Medals, including 7posthumous; 1 Nao Sena Medal (Gallantry) and 4 Vayu Sena Medals (Gallantry).
- Ashok Chakra is India’s highest peacetime gallantry award
- Kirti Chakra is India’s second-highest peacetime gallantry award
- Shaurya Chakra is the third-highest peacetime award.
- The President also approved 311 defence decorations to Armed Forces and other personnel.
- These include 31 Param Vishisht Seva Medals; 4 Uttam Yudh Seva Medals; 2 Bar to Ati Vishisht Seva Medals; 59 Ati Vishisht Seva Medals; 10 Yudh Seva Medals; 8 Bar to Sena Medals (Devotion to Duty); 38 Sena Medals (Devotion to Duty); 10 Nao Sena Medals (Devotion to Duty); 14 Vayu Sena Medals (Devotion to Duty); 5 Bar to Vishisht Seva Medal and 130 Vishisht Seva Medals.
Padma Awards 2024
Five Padma Vibhushan, seventeen Padma Bhushan and hundred-and-ten Padma Shri Awards were approved for conferment by President Droupadi Murmu on outstanding achievers and contributors, which included 30 women, and 8 foreigners, NRIs and Persons of Indian Origin and 9 of them received the awards posthumously.
Padma Vibhushan (5)
SN
Name
Field
State/Region/Country
1
Ms. Vyjayantimala Bali
Art
Tamil Nadu
2
Konidela Chiranjeevi
Art
Andhra Pradesh
3
M Venkaiah Naidu
Public Affairs
Andhra Pradesh
4
Bindeshwar Pathak
(Posthumous)Social Work
Bihar
5
Ms. Padma Subrahmanyam
Art
Tamil Nadu
Padma Bhushan (17)
SN
Name
Field
State/Region/Country
6
Ms. M Fathima Beevi
(Posthumous)Public Affairs
Kerala
7
Hormusji N Cama
Literature & Education – Journalism
Maharashtra
8
Mithun Chakraborty
Art
West Bengal
9
Sitaram Jindal
Trade & Industry
Karnataka
10
Young Liu
Trade & Industry
Taiwan
11
Ashwin Balachand Mehta
Medicine
Maharashtra
12
Satyabrata Mookherjee
(Posthumous)Public Affairs
West Bengal
13
Ram Naik
Public Affairs
Maharashtra
14
Tejas Madhusudan Patel
Medicine
Gujarat
15
Olanchery Rajagopal
Public Affairs
Kerala
16
Dattatray Ambadas Mayaloo alias Rajdutt
Art
Maharashtra
17
Togdan Rinpoche
(Posthumous)Others – Spiritualism
Ladakh
18
Pyarelal Sharma
Art
Maharashtra
19
Chandreshwar Prasad Thakur
Medicine
Bihar
20
Ms. Usha Uthup
Art
West Bengal
21
Vijaykanth
(Posthumous)Art
Tamil Nadu
22
Kundan Vyas
Literature & Education – Journalism
Maharashtra
Padma (110)
SN
Name
Field
State/Region/Country
23
Khalil Ahamad
Art
Uttar Pradesh
24
Badrappan M
Art
Tamil Nadu
25
Kaluram Bamaniya
Art
Madhya Pradesh
26
Ms. Rezwana Choudhury Bannya
Art
Bangladesh
27
Ms. Naseem Bano
Art
Uttar Pradesh
28
Ramlal Bareth
Art
Chhattisgarh
29
Ms. Gita Roy Barman
Art
West Bengal
30
Ms. Parbati Baruah
Social Work
Assam
31
Sarbeswar Basumatary
Others – Agriculture
Assam
32
Som Datt Battu
Art
Himachal Pradesh
33
Ms. Takdira Begum
Art
West Bengal
34
Sathyanarayana Beleri
Others – Agriculture
Kerala
35
Drona Bhuyan
Art
Assam
36
Ashok Kumar Biswas
Art
Bihar
37
Rohan Machanda Bopanna
Sports
Karnataka
38
Ms. Smriti Rekha Chakma
Art
Tripura
39
Narayan Chakraborty
Science & Engineering
West Bengal
40
A Velu Ananda Chari
Art
Telangana
41
Ram Chet Chaudhary
Science & Engineering
Uttar Pradesh
42
Ms. K Chellammal
Others – Agriculture
Andaman & Nicobar Islands
43
Ms. Joshna Chinappa
Sports
Tamil Nadu
44
Ms. Charlotte Chopin
Others – Yoga
France
45
Raghuveer Choudhary
Literature & Education
Gujarat
46
Joe D Cruz
Literature & Education
Tamil Nadu
47
Ghulam Nabi Dar
Art
Jammu & Kashmir
48
Chitta Ranjan Debbarma
Others – Spiritualism
Tripura
49
Uday Vishwanath Deshpande
Sports
Maharashtra
50
Ms. Prema Dhanraj
Medicine
Karnataka
51
Radha Krishan Dhiman
Medicine
Uttar Pradesh
52
Manohar Krishana Dole
Medicine
Maharashtra
53
Pierre Sylvain Filliozat
Literature & Education
France
54
Mahabir Singh Guddu
Art
Haryana
55
Ms. Anupama Hoskere
Art
Karnataka
56
Yazdi Maneksha Italia
Medicine
Gujarat
57
Rajaram Jain
Literature & Education
Uttar Pradesh
58
Jankilal
Art
Rajasthan
59
Ratan Kahar
Art
West Bengal
60
Yashwant Singh Kathoch
Literature & Education
Uttarakhand
61
Zahir I Kazi
Literature & Education
Maharashtra
62
Gaurav Khanna
Sports
Uttar Pradesh
63
Surendra Kishore
Literature & Education – Journalism
Bihar
64
Dasari Kondappa
Art
Telangana
65
Sridhar Makam Krishnamurthy
Literature & Education
Karnataka
66
Ms. Yanung Jamoh Lego
Others – Agriculture
Arunachal Pradesh
67
Jordan Lepcha
Art
Sikkim
68
Satendra Singh Lohia
Sports
Madhya Pradesh
69
Binod Maharana
Art
Odisha
70
Ms. Purnima Mahato
Sports
Jharkhand
71
Ms. Uma Maheshwari D
Art
Andhra Pradesh
72
Dukhu Majhi
Social Work
West Bengal
73
Ram Kumar Mallick
Art
Bihar
74
Hemchand Manjhi
Medicine
Chhattisgarh
75
Chandrashekhar Mahadeorao Meshram
Medicine
Maharashtra
76
Surendra Mohan Mishra
(Posthumous)Art
Uttar Pradesh
77
Ali Mohammed & Ghani Mohammed*
(Duo)Art
Rajasthan
78
Ms. Kalpana Morparia
Trade & Industry
Maharashtra
79
Ms. Chami Murmu
Social Work
Jharkhand
80
Sasindran Muthuvel
Public Affairs
Papua New Guinea
81
Ms. G Nachiyar
Medicine
Tamil Nadu
82
Ms. Kiran Nadar
Art
Delhi
83
Pakaravur Chithran Namboodiripad
(Posthumous)Literature & Education
Kerala
84
Narayanan E P
Art
Kerala
85
Shailesh Nayak
Science & Engineering
Delhi
86
Harish Nayak
(Posthumous)Literature & Education
Gujarat
87
Fred Negrit
Literature & Education
France
88
Hari Om
Science & Engineering
Haryana
89
Bhagabat Padhan
Art
Odisha
90
Sanatan Rudra Pal
Art
West Bengal
91
Shankar Baba Pundlikrao Papalkar
Social Work
Maharashtra
92
Radhe Shyam Pareek
Medicine
Uttar Pradesh
93
Dayal Mavjibhai Parmar
Medicine
Gujarat
94
Binod Kumar Pasayat
Art
Odisha
95
Ms. Silbi Passah
Art
Meghalaya
96
Ms. Shanti Devi Paswan & Shivan Paswan*
(Duo)Art
Bihar
97
Sanjay Anant Patil
Others – Agriculture
Goa
98
Muni Narayana Prasad
Literature & Education
Kerala
99
K S Rajanna
Social Work
Karnataka
100
Chandrashekar Channapatna Rajannachar
Medicine
Karnataka
101
Bhagwatilal Rajpurohit
Literature & Education
Madhya Pradesh
102
Romalo Ram
Art
Jammu & Kashmir
103
Navjivan Rastogi
Literature & Education
Uttar Pradesh
104
Ms. Nirmal Rishi
Art
Punjab
105
Pran Sabharwal
Art
Punjab
106
Gaddam Sammaiah
Art
Telangana
107
Sangthankima
Social Work
Mizoram
108
Machihan Sasa
Art
Manipur
109
Omprakash Sharma
Art
Madhya Pradesh
110
Eklabya Sharma
Science & Engineering
West Bengal
111
Ram Chander Sihag
Science & Engineering
Haryana
112
Harbinder Singh
Sports
Delhi
113
Gurvinder Singh
Social Work
Haryana
114
Godawari Singh
Art
Uttar Pradesh
115
Ravi Prakash Singh
Science & Engineering
Mexico
116
Seshampatti T Sivalingam
Art
Tamil Nadu
117
Somanna
Social Work
Karnataka
118
Kethavath Somlal
Literature & Education
Telangana
119
Ms. Shashi Soni
Trade & Industry
Karnataka
120
Ms. Urmila Srivastava
Art
Uttar Pradesh
121
Nepal Chandra Sutradhar
(Posthumous)Art
West Bengal
122
Gopinath Swain
Art
Odisha
123
Laxman Bhatt Tailang
Art
Rajasthan
124
Ms. Maya Tandon
Social Work
Rajasthan
125
Ms. Aswathi Thirunal Gouri Lakshmi Bayi Thampuratty
Literature & Education
Kerala
126
Jagdish Labhshanker Trivedi
Art
Gujarat
127
Ms. Sano Vamuzo
Social Work
Nagaland
128
Balakrishnan Sadanam Puthiya Veetil
Art
Kerala
129
Kurella Vittalacharya
Literature & Education
Telangana
130
Kiran Vyas
Others – Yoga
France
131
Jageshwar Yadav
Social Work
Chhattisgarh
132
Babu Ram Yadav
Art
Uttar Pradesh
Important Days
National Voters’ Day
- The 14th National Voters’ Day was celebrated across the country on January 25.
- It has been started from 25 January 2011 to mark the foundation day of Election Commission of India (1950).
- The main purpose of the NVD celebration is to create electoral awareness amongst citizens and encourage them to participate in the electoral process.
- Theme – ‘Nothing Like Voting, I Vote for Sure’
- A commemorative postage stamp themed “Inclusive Elections” was released to celebrate the Election Commission of India’s 75th year of service to the Nation in light of the 2024 Parliamentary Elections.
- The first copy of the ECI Publication ‘Initiatives of ECI for Parliamentary Elections 2024’ was presented to the Hon’ble President by Chief Election Commissioner Rajiv Kumar.
- A short film to promote voter awareness – ‘My Vote My Duty’ produced by ECI in association with renowned filmmaker Raj Kumar Hirani was also launched.
- The short film features several celebrities with their messages to evoke the spirit of democracy and power of one vote.
Defence
Ministry of Defence signs contract, worth over ₹1070 crores, with Mazagon Dock Shipbuilders Ltd for 14 Fast Patrol Vessels for Indian Coast Guard
- The Ministry of Defence has signed Contract with Mazagon Dock Shipbuilders Ltd (MDL), Mumbai on for acquisition of 14 Fast Patrol Vessels (FPVs) for the Indian Coast Guard (ICG).
- The value of the contract is ₹1070.47 crores.
- These multi role FPVs will be indigenously designed, developed and manufactured by MDL under Buy (Indian-IDDM) Category and will be delivered in total 63 months.
Daily Current Affairs - January 25 & 26, 2024 - Consolidated
- Cabinet Approval
- Vivek Bharadwaj inaugurates the National Consultative Workshop on Devolution to Panchayats at Goa
- Prime Minister inaugurates and lays foundation stone for development projects worth over ₹19,100 crores in Bulandshahr, Uttar Pradesh
- Zomato receives RBI nod to operate as payment aggregator
- ICRA revises bank credit growth estimates upwards to 14.9-15.3% for FY24
- Direct tax-GDP ratio rises to 15-year high of 6.11% during FY23
- INI Farms signs MoU with LuLu Group to export bananas to UAE
- Odisha to establish a melanistic tiger safari – a first of its kind in the world
- Centre begins re-auction for 10 GWh tranche of ACC battery PLI scheme
- SoftBank entity sells 2% stake worth ₹950 crore in Paytm parent
- LIC gets RBI nod for 9.99% stake buy in HDFC Bank
- Justice Prasanna B Varale sworn in as Supreme Court Judge
- Anshu Mathur takes charge as Chief Adviser (Cost) in Department of Expenditure, Ministry of Finance
- Gallantry Awards 2024
- Padma Awards 2024
- National Voters’ Day
- Ministry of Defence signs contract, worth over ₹1070 crores, with Mazagon Dock Shipbuilders Ltd for 14 Fast Patrol Vessels for Indian Coast Guard
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