Hindu Review April 2024 PDF

Current Affairs | April 2024 1 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 Contents The Most Important Curren...

Current Affairs | April 2024 1 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 Contents The Most Important Current Affairs April 2024................................................................................................ 3 Banking and Financial Current Affairs............................................................................................................. 10 Economy Current Affairs................................................................................................................................. 12 Business Current Affairs.................................................................................................................................. 13 International Current Affairs........................................................................................................................... 14 National Current Affairs.................................................................................................................................. 16 States Current Affairs...................................................................................................................................... 18 Schemes and Committees............................................................................................................................... 18 Agreement/Memorandum of Understanding (MoU)...................................................................................... 19 New Appointments: International.................................................................................................................. 19 Awards Current Affairs.................................................................................................................................... 21 Sports Current Affairs..................................................................................................................................... 23 Summits And Conferences.............................................................................................................................. 24 Ranks and Reports News................................................................................................................................. 25 Important Days............................................................................................................................................... 25 Defence Current Affairs.................................................................................................................................. 26 Science and Technology.................................................................................................................................. 28 Books & Authors............................................................................................................................................. 29 Miscellaneous Current Affairs......................................................................................................................... 29 Obituaries Current Affairs............................................................................................................................... 31 Static Current Affairs....................................................................................................................................... 32 List of Dams in India State Wise...................................................................................................................... 34 2 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 The Most Important Current Affairs April 2024 Hockey India Awards 2023 The Hockey India Awards celebrated the outstanding performances of Indian hockey players and teams, while also Hardik Singh and Salima Tete were named the Players of the recognizing the sport’s rich history and legacy. Year for 2023 in the men’s and women’s categories, respectively, at the sixth annual Hockey India Awards. Forbes World’s Billionaires List 2024: Indian Billionaires Make During the event, Hockey India announced the revival of the Their Mark Hockey India League (HIL), which will return in January 2025 According to the Forbes 38th Annual World’s Billionaires List after a hiatus since 2017. The revived league will feature eight 2024, Mukesh Ambani, Chairman and Managing Director (CMD) men’s teams and six women’s teams, with auctions likely to be of Reliance Industries Limited (RIL), is the only Indian to make it held after the Paris Olympics. to the list of the top 10 billionaires in the world. Ambani was Huge Prize Pool ranked 9th on the list, which was topped by Bernard Arnault & The awards ceremony saw teams and individuals felicitated for family, owner of the French luxury giant LVMH. their achievements in the past year, with a total prize pool of Youngest Indian Billionaire: ₹7.56 crores. Nikhil Kamath At the age of 37 years, Nikhil Kamath, co- Honoring Past Achievements founder of Zerodha, is the youngest Indian billionaire in the Interestingly, the 2016 Junior World Cup winning men’s team Forbes list. was also honored at the event, eight years after their triumph. Global Wealth and Billionaire Count Notable Awards and Winners According to the Forbes report, there are 2,781 billionaires in Hardik Singh, who was also the FIH Player of the Year, the world from 77 countries. The combined wealth of the received the Balbir Singh Sr. Trophy and a cash prize of ₹25 billionaires was $14.2 trillion, an increase of $2 trillion from lakhs. 2023. The Indian teams that won the Junior Asia Cups and the Countries with the Highest Number of Billionaires Asian Champions Trophy (both men’s and women’s) were First: The United States of America, with 813 billionaires rewarded. and a combined wealth of $5.7 trillion. The men’s Asian Games winning side was also felicitated. Second: China, with 406 billionaires and a combined Other Award Winners: wealth of $1.3 trillion. P.R. Sreejesh (Goalkeeper of the Year) – ₹5 lakhs Third: India, with 200 billionaires and a combined wealth Harmanpreet Singh (Defender of the Year) – ₹5 lakhs of $954 billion. Hardik Singh (Midfielder of the Year) – ₹5 lakhs Fourth: Germany, with 132 billionaires. Abhishek (Forward of the Year) – ₹5 lakhs Fifth: Russia, with 120 billionaires. Deepika Soreng (Women’s U-21 Player of the Year) – ₹10 Top 10 Billionaires in the World lakhs 1. Bernard Arnault & family (France): $233 billion Araijeet Singh Hundal (Men’s U-21 Player of the Year) – 2. Elon Musk (USA): $195 billion ₹10 lakhs 3. Jeff Bezos (USA): $194 billion Salima Tete (Player of the Year, Women) – ₹25 lakhs 4. Mark Zuckerberg (USA): $177 billion Ashok Kumar (Major Dhyan Chand Lifetime Achievement 5. Larry Ellison (USA): $114 billion Award) – ₹30 lakhs 6. Warren Buffett (USA): $133 billion 7. Bill Gates (USA): $128 billion 8. Steve Ballmer (USA): $121 billion 9. Mukesh Ambani (India): $116 billion 10. Larry Page (USA): $114 billion Top 10 Indian Billionaires 1. Mukesh Ambani: $116 billion (9th globally) 2. Gautam Adani: $84 billion (17th globally) 3. Shiv Nadar: $36.9 billion (39th globally) 4. Savitri Jindal & Family: $33.5 billion (46th globally) 5. Dilip Shanghvi: $26.7 billion (69th globally) 6. Cyrus Poonawala: $21.3 billion (90th globally) 7. Kushal Pal Singh: $20.9 billion (92nd globally) 8. Kumarmangalam Birla: $19.7 billion (98th globally) 9. Radhakrishna Damani: $17.6 billion (107th globally) 10. Lakshmi Mittal: $16.4 billion (113th globally) 3 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 About Forbes 2. Adwaita Nayar (Business) – Chief Executive Officer, Nyka Forbes is an American multinational multimedia company that Fashion covers business, investing, entrepreneurship, technology, 3. Arjun Bhartia (Business) – Director, Jubilant Group leadership, and other topics. 4. Priya Aggarwal Hebbar (Business) – Non-Executive Director, Vedanta Limited RBI Monetary Policy, Repo Rate To Remain Steady For Seventh 5. Sharad Vivek Sagar (Social Entrepreneurs) – Founder and Time Chief Executive Officer, Dexterity Global RBI Monetary Policy Committee has decided by majority 5:1 to About the Young Global Leaders Program keep policy rates unchanged, Governor Shaktikanta Das The WEF’s Young Global Leaders program was launched in 2005 announced on April 5. He also that core inflation has declined and aims to identify the future generation of leaders who can steadily. It is the first bi-monthly monetary policy of 2024-25. contribute to addressing the world’s most pressing challenges. The Reserve Bank of India (RBI) Governor also announced MSF The program includes a three-year leadership development & Bank rates to continue to be at 6.75%. The Reserve Bank of curriculum, executive education courses, learning journeys, and India (RBI) Governor has kept the policy rate unchanged at 6.5 opportunities to collaborate with peers. per cent. The World Economic Forum RBI Repo Rate are as under The World Economic Forum is an international non-profit organization headquartered in Cologny, Switzerland. It was Policy Repo Rate: 6.50% (Unchanged) established in 1971 by Klaus Schwab with the goal of promoting Standing Deposit Facility (SDF): 6.25% (Unchanged) public-private cooperation to address global issues. Marginal Standing Facility Rate: 6.75% (Unchanged) The WEF is known for its annual meeting in Davos, Switzerland, Bank Rate: 6.75% (Unchanged) as well as its research and reports, such as the Global Gender Fixed Reverse Repo Rate: 3.35% (Unchanged) Gap Report, Global Competitiveness Report, and Energy CRR: 4.50% (Unchanged) Transition Index. SLR: 18.00% (Unchanged) Hurun Global Unicorn Index 2024: Unveiling the State of Key Decisions From April MPC: Global Startup Ecosystem CPI inflation in Q1 was seen at 4.9%, Q2 at 3.8%, Q3 at 4.6%, and Q4 at 4.5%, said Shaktikanta Das. In 2024, the global unicorn landscape witnessed significant Net FPI inflows stood at $41.6 billion, compared with developments and challenges, as outlined in the Hurun Global outflows in FY22 and FY23, said the RBI Governor. Unicorn Index. While the United States maintained its lead RBI will permit use of third-party UPI apps for making UPI with 703 unicorns and China followed with 340, India ranked payments from PPI wallets. third with 67 unicorns. However, India experienced a notable RBI will introduce mobile app to operate in retail direct decline in unicorn creation for the first time since 2017, portal for retail investors. attributed primarily to a lack of investment despite robust stock Total flow of resources to the commercial sector was at market performance. ₹31.2-lakh crore in FY24. India’s Declining Unicorn Creation: A Concerning Trend India, once a burgeoning hub for startups, witnessed a notable Real GDP growth for FY25 is projected at 7 per cent. decline in unicorn creation for the first time since 2017, Q1 at 7.1 percent, according to the Hurun Global Unicorn Index 2024. Despite Q2 at 6.9 per cent and ranking third globally with 67 unicorns, India experienced a Q3 and Q4 each at 7 percent slowdown attributed mainly to a lack of investment, despite robust stock market performance. World Economic Forum Announces 2024 Young Global Leaders Community Offshore Unicorn Creation: A Surprising Revelation Contrary to the domestic slowdown, Indian founders The World Economic Forum (WEF) has announced the 20th showcased remarkable entrepreneurial prowess abroad. The edition of its Young Global Leaders Community: The Class of report highlighted India’s role as a significant contributor to 2024. The list includes nearly 90 individuals under the age of 40 offshore unicorns, with 109 unicorns founded outside the from diverse fields, including politics, business, civil society, the country, surpassing the count within India. arts, and academia. Global Unicorn Landscape: Insights and Trends Indians Included in the 2024 List The Hurun Global Unicorn Index cataloged 1,453 unicorns This year, five Indians have been selected for the Young Global across 53 countries and 291 cities, reflecting the diverse and Leaders program. They are: expansive nature of the startup ecosystem. While the US and 1. Bhumi Pednekar (Art and Culture) – Bollywood actress China led in unicorn count, the index underscored the known for films like “Dum Laga Ke Haisha”, “Toilet: Ek Prem emergence of unicorns from diverse locations, including Katha”, and “Badhaai Do” Australia and Malta. 4 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 Year of AI: Transformative Innovations and Valuation Surges them within the confines of the space. The indiscriminate The year 2024 was hailed as “the year of AI,” marked by shooting continued until the soldiers ran out of ammunition, notable advancements and valuation surges in AI-driven leaving hundreds dead and many more wounded. startups. OpenAI’s valuation soared to $100 billion, symbolizing Jallianwala Bagh Massacre – Consequences the growing influence of AI technologies globally, with notable News of the massacre spread rapidly, sparking outrage across contributions from startups in China and elsewhere. India and beyond. Rabindranath Tagore renounced his Entrepreneurship Evolution: Global Expansion and Spinoffs knighthood in protest, while Mohandas Gandhi, initially Entrepreneurship witnessed a golden era, with the number of hesitant to act, launched the noncooperation movement in unicorns tripling since 2019. While the US led in unicorn response to the atrocity. The British government ordered an creation, China emerged as a significant player, driven by investigation, resulting in Dyer’s censure and resignation from sectors like AI, semiconductors, and new energy. Moreover, the military. However, reactions in Britain were mixed, with spinoffs from larger companies, particularly in China, added to some praising Dyer as a hero. the diversity and innovation within the unicorn landscape. Legacy of Jallianwala Bagh Massacre Top 10 Unicorns: Key Players and Value Contribution The Jallianwala Bagh site, now a national monument, serves as The top 10 unicorns represented a substantial portion of the a poignant reminder of the sacrifices made in the struggle for world’s unicorn valuation, contributing $198 billion in value Indian independence. The massacre left a permanent scar on addition. Notable newcomers like OpenAI, Canva, and Binance Indo-British relations and galvanized the Indian nationalist reshaped the unicorn hierarchy, highlighting the evolving movement, paving the way for future resistance against colonial dynamics of the global startup ecosystem. rule. 105 Years of Jallianwala Bagh Massacre World Cybercrime Index Unveiled: Russia and Ukraine Top List The Amritsar Massacre, also known as the Jallianwala Bagh A newly developed World Cybercrime Index sheds light on the Massacre, remains one of the darkest episodes in India’s origins and prevalence of cybercrime across the globe. struggle for independence. On April 13, 1919, General Dyer Compiled by a team of researchers including Miranda Bruce, ordered his soldiers to open fire on an unarmed gathering in Jonathan Lusthaus, Ridhi Kashyap, Nigel Phair, and Federico Jallianwala Bagh, Amritsar, leading to hundreds of deaths and Varese, the index draws insights from surveys conducted injuries. In 2024, India observes 105th anniversary of the among leading cybercrime experts worldwide. Despite Jallianwala Bagh Massacre which serves as a poignant challenges in pinpointing cybercriminal locations due to reminder of the sacrifices made in the pursuit of freedom. The sophisticated masking techniques, the index identifies key repercussions of this atrocity continue to reverberate through countries where cybercrime thrives, emphasizing the urgent history, influencing political discourse and public memory. need for targeted preventive measures. Background of Jallianwala Bagh Massacre Research Methodology and Findings The aftermath of World War I saw heightened expectations The index is based on a comprehensive survey completed by 92 among Indians for greater political autonomy from British top cybercrime experts. Through expert focus groups and pilots, colonial rule. However, instead of easing repressive emergency the survey refined insights into five categories of cybercrime: powers, the British government passed the Rowlatt Acts in technical products/services, attacks/extortion, data/identity 1919, further inflaming tensions. Widespread discontent, theft, scams, and cashing out/money laundering. Results particularly in the Punjab region, set the stage for a highlight a concentration of cybercriminal activity in select confrontation between Indian nationalists and British countries, with China, Russia, Ukraine, the United States, authorities. Romania, and Nigeria consistently ranking among the top 10 The Buildup to Tragedy across all categories. The arrest and banishment of prominent Indian leaders in Key Rankings and Insights Amritsar sparked violent protests on April 10, 1919. Amidst the Russia and Ukraine emerge as the top two hubs of chaos, Brig. Gen. Reginald Edward Harry Dyer was tasked with cybercrime, according to the index. restoring order, imposing a ban on public gatherings and India secures the 10th position, scoring notably in impact, escalating tensions in the city. professionalism, and technical skills. Jallianwala Bagh Massacre Unfolds China and the United States closely follow, showcasing On April 13, a peaceful gathering of thousands at Jallianwala their prominence in cybercriminal activities. Bagh, enclosed by walls with only one exit, became the site of Certain cybercrimes are associated with specific countries, unspeakable horror. Without warning, British troops under such as data/identity theft with the United States and Dyer’s command opened fire on the unarmed crowd, trapping technical products/services with China. 5 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 Implications and Limitations Student’s Name Location (State) Award/Medal While the index offers valuable insights for cybercrime research Gunjan Agarwal Gurgaon, Haryana Silver Medal and preventive efforts, it faces limitations. The pool of experts Sanjana Philo Thiruvananthapuram, surveyed may not represent global diversity adequately, Silver Medal Chacko Kerala potentially skewing results. Moreover, interpretations of survey Larissa Hisar, Haryana Bronze Medal questions could introduce inaccuracies. Additionally, the index does not fully address the complex landscape of state- Saee Vitthal Patil Pune, Maharashtra Bronze Medal sponsored cybercrime and profit-driven illicit activities, Guiding Force: A Dedicated Mentorship signaling the need for further research and nuanced approaches The Indian team’s success can be attributed to the unwavering to combatting cyber threats. guidance and support provided by the esteemed mentors, Sahil Mhaskar (Head), Ms. Aditi Muthkhode (Deputy Head), and Ms. RBI Penalizes Five Co-operative Banks with Rs 60.3 Lakh Fine Ananya Ranade (Supervisor) from the Chennai Mathematical The Reserve Bank of India (RBI) has imposed penalties totaling Institute. Their mentorship has been instrumental in shaping Rs 60.3 lakh on five co-operative banks for contravening various the team’s exceptional performance. regulatory norms. These penalties primarily stem from non- A Remarkable Milestone compliance with specific directives issued by the RBI, This achievement marks the second time in India’s EGMO encompassing bans on loans and advances to directors and journey, which began in 2015, that all four participants have their relatives, restrictions on opening savings accounts for secured medals at the prestigious competition. This feat not certain entities, and maintenance of deposit accounts. only celebrates the individual brilliance of the participants but Penalty Breakdown also highlights India’s growing stature in the global Rajkot Nagarik Sahakari Bank: Fined Rs 43.30 lakh for mathematical arena. violations related to loans to directors and their relatives, Nurturing Excellence: TIFR-HBCSE’s Pivotal Role prohibition on certain savings account openings, and The Tata Institute of Fundamental Research (TIFR) – Homi deposit account maintenance. Bhabha Center for Science Education (HBCSE) serves as India’s The Kangra Co-operative Bank (New Delhi): Penalized Rs 5 nodal center for Olympiad programs in various disciplines, lakh. including Mathematics, Physics, Chemistry, Biology, Astronomy, Rajdhani Nagar Sahkari Bank (Lucknow): Also fined Rs 5 and Junior Science. With structured training through the EGMO lakh. Training Camp (EGMOTC) and continuous support from the Zila Sahakari Bank, Garhwal (Kotdwar, Uttarakhand): National Board of Higher Mathematics (Department of Atomic Subject to a Rs 5 lakh penalty. Energy), HBCSE plays a pivotal role in nurturing and preparing District Co-operative Bank (Dehradun): Imposed with a talented students for prestigious international competitions. penalty of Rs 2. Felicitation Ceremony: Celebrating Excellence RBI’s Stance To honor the achievements of the Indian delegation, a The RBI clarified that these penalties are based on deficiencies felicitation ceremony was organized at the Main Building of in regulatory compliance and are not intended to pass HBCSE on the morning of April 18, 2024. The ceremony served judgment on the validity of any transactions or agreements as a platform to celebrate the remarkable success of these made by these banks with their respective customers. young mathematical prodigies and acknowledge their dedication and hard work. Indian Girls Shine at 13th European Girls’ Mathematical As India continues to foster an environment that nurtures and Olympiad 2024 encourages excellence in the field of mathematics, the achievements of the Indian team at the 13th EGMO 2024 serve The 13th edition of the prestigious European Girls’ as a testament to the nation’s commitment to promoting and Mathematical Olympiad (EGMO) took place in the picturesque recognizing exceptional talent on the global stage. city of Tskaltubo, Georgia, from April 11 to 17, 2024. Amidst fierce competition, the Indian contingent emerged victorious, International Mother Earth Day 2024 showcasing their remarkable mathematical prowess and securing a coveted haul of medals. On April 22nd, the world will unite to commemorate the 54th International Mother Earth Day. This annual event serves as a Medal Tally: A Resounding Success poignant reminder of the critical need to address the mounting The 4-member Indian team clinched a total of four medals, environmental challenges threatening our planet, including including two silver and two bronze, in the 13th EGMO 2024. rapidly rising pollution levels, deforestation, and global The illustrious medal winners are: warming. 6 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 The Origins of Earth Day National Panchayati Raj Day Observed on April 24th every The concept of Earth Day originated in 1970, when Senator year Gaylord Nelson from Wisconsin proposed a nationwide teach-in National Panchayati Raj Day is celebrated annually on April to raise awareness about environmental degradation. Inspired 24th to commemorate the establishment of the Panchayati Raj by the widespread student protests against the Vietnam War, system in India. This decentralized form of governance, Nelson envisioned channeling that energy into a grassroots introduced by the 73rd Constitutional Amendment Act in 1993, aimed to empower local self-governing bodies, known as Gram movement to address the growing ecological crisis. Panchayats, at the village level. With the help of Denis Hayes, a young activist, and Pete McCloskey, a Republican Congressman, Nelson’s idea gained The Origins of Panchayati Raj traction, and on April 22, 1970, 20 million Americans The concept of Panchayati Raj has its roots in ancient Indian tradition, where village councils, or Panchayats, played a crucial participated in various events across the country, marking the role in local administration. However, it was not until the late birth of the modern environmental movement. 20th century that the system was revived and granted constitutional status. The Theme of Earth Day 2024: “Planet vs. Plastics” In 1957, the Balwantrai Mehta Committee was formed to study This year’s theme, “Planet vs. Plastics,” aims to shed light on the process of democratic decentralization and recommend the detrimental effects of plastic pollution on human and measures to revive the Panchayati Raj system. The committee’s environmental health. The proliferation of single-use plastics recommendations led to the establishment of a three-tier has led to a staggering accumulation of waste, clogging system of Panchayats at the village, block, and district levels. waterways, endangering marine life, and contributing to the Significance of Panchayati Raj global climate crisis. The Panchayati Raj system aims to promote participatory democracy by involving citizens in decision-making processes The Significance of Earth Day that directly impact their communities. It empowers local 1. Raising Awareness: Earth Day serves as a powerful bodies to plan and implement development programs tailored platform to educate and engage people on pressing to their specific needs. environmental issues, fostering a deeper understanding of By decentralizing power, the Panchayati Raj system ensures our collective impact on the planet. that development initiatives are more inclusive and responsive 2. Inspiring Action: Beyond awareness, Earth Day encourages to the diverse needs of rural areas. It also fosters transparency and accountability by bringing governance closer to the people. individuals and communities to take tangible steps towards sustainability, such as participating in cleanups, planting National Panchayati Raj Day 2024: Celebrating Achievements trees, and adopting eco-friendly practices in their daily On National Panchayati Raj Day 2024, the nation will celebrate the 31st anniversary of the 73rd Constitutional Amendment lives. Act. While there may not be a specific theme announced, the 3. Building a Global Movement: Earth Day unites people from day will be marked by events and award ceremonies diverse backgrounds and cultures, creating a global recognizing the outstanding work of Panchayats across the network of environmental advocates who collaborate, country. share ideas, and support one another in their efforts to These awards serve as a way to appreciate the efforts of local protect the planet. self-governing bodies in improving the lives of rural households 4. Shifting Mindsets: By celebrating Earth Day, we are and promoting sustainable development. They also encourage best practices and inspire other Panchayats to strive for reminded of our intrinsic connection to nature and the excellence. importance of respecting and preserving the delicate balance of our ecosystems. The Call to Action As we approach Earth Day 2024, it is crucial that we heed the call to action and actively participate in the global efforts to safeguard our planet. Whether through individual choices, community initiatives, or advocacy for stronger environmental policies, each of us has a role to play in creating a sustainable future for generations to come. Let us embrace the spirit of International Mother Earth Day and pledge to be responsible stewards of our planet, fostering a harmonious coexistence with nature and ensuring a thriving, resilient Earth for all. 7 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 Strengthening Local Governance Other Notable Awards As India continues on its path of inclusive growth, the Team of the Year Award: Spain Women’s Football Team importance of effective local administration cannot be Action Sportsperson of the Year Award: Arisa Trew overstated. Panchayati Raj institutions play a crucial role in Laureus Sport for Good Award: Fundación Rafa Nadal addressing challenges such as climate change, rural-urban Sportsperson of the Year with a Disability Award: Diede de migration, and ensuring equitable development. Groot On this National Panchayati Raj Day, it is essential to reflect on the successes and challenges faced by Panchayati Raj About the Laureus Sports Awards institutions and explore ways to further strengthen and The Laureus World Sports Awards is an annual event that empower them. By doing so, India can build a robust and truly celebrates remarkable sporting achievements and showcases participatory democracy that leaves no one behind. the initiatives of Laureus Sport for Good. Shortlists for various categories are created through votes from over 1,000 sports The Laureus World Sports Awards 2024 Announced media professionals from more than 70 countries, while the International Paralympic Committee shortlists the World The prestigious 2024 Laureus Sports Awards ceremony, held in Athlete of the Year with a Disability. Madrid, was a grand celebration of the world’s best athletes The winners in each category are determined by votes from the and their remarkable achievements. The event honored several Laureus World Sports Academy, a unique group of sporting sporting icons who have left an indelible mark on their legends. The event provides a platform for supporting Laureus respective disciplines. Sport for Good by showcasing the incredible work done to Laureus World Sportsman of the Year: Novak Djokovic transform young lives worldwide. Novak Djokovic, the world’s top-ranked tennis player, etched The 2024 Laureus Sports Awards ceremony was a fitting tribute his name in the annals of Laureus history by becoming the to the world’s greatest athletes and their achievements, Laureus World Sportsman of the Year for the fifth time. This highlighting the values of sportsmanship, perseverance, and achievement matched Roger Federer’s record for the most excellence that inspire generations. decorated male athlete in this category. Djokovic had previously won this coveted award in 2012, 2015, 2016, and 2019. Alok Shukla Wins Prestigious Goldman Environmental Prize Laureus World Sportswoman of the Year: Aitana Bonmatí 2024 In a historic moment, Aitana Bonmatí, a football star from Alok Shukla, a renowned environmental activist and convenor Barcelona and the Spanish national team, became the first of Chhattisgarh Bachao Andolan, has been selected for the footballer to be named the Laureus World Sportswoman of the prestigious 2024 Goldman Environmental Prize. Also known as Year. Her exceptional skills and sportsmanship on the pitch the “Green Nobel Prize,” this annual award honours grassroots were celebrated, marking a significant milestone for the sport. environmental champions worldwide for their outstanding Comeback of the Year: Simone Biles contributions to environmental protection. Simone Biles, the American artistic gymnast, added another Winners of the 2024 Goldman Environmental Prize accolade to her impressive collection. With 37 World and This year, seven people from six inhabited regions of the globe Olympic medals, she is now the most decorated gymnast in have been selected for the annual Goldman Environmental history. Her remarkable comeback and outstanding Prize. They are : contributions to the sport were duly recognized at the awards ceremony. Serial Winner Country Region no. Breakthrough of the Year: Jude Bellingham South and Jude Bellingham, an English professional footballer who plays 1 Marcel Gomes Brazil Central as a midfielder for Real Madrid and the England national team, America was honored for his breakthrough performances. Carlos Alcaraz, a tennis ace and a Real Madrid fan, presented the Islands & Murrawah Maroochy award to Bellingham, acknowledging his contributions to the 2 Australia Island Johnson sport. Nations 3 Alok Shukla India Asia Sporting Legends Gracing the Ceremony 4 Teresa Vicente Spain Europe The event was graced by sporting legends who presented awards to the winners. Tom Brady, a seven-time Super Bowl United States North 5 Andrea Vidaurre champion, and Usain Bolt, the sprinting GOAT, presented the of America America awards to Djokovic and Bonmatí, respectively, adding to the Nonhle Mbuthuma 6 South Africa Africa event’s grandeur and significance. and Sinegugu Zukulu 8 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 Protecting the Hasdeo Arand Forest Award Serial Belongs Exponent of Shukla’s recognition stems from his relentless efforts to Awardee for Number to Place Dance form safeguard the Hasdeo Arand Forest, considered the lungs of Year Chhattisgarh. In 2010, the government auctioned two coal New 1 Uma Sharma 2015 Kathak blocks in this area to private companies for mining. To counter Delhi this threat, Shukla founded the Hasdeo Aranya Bachao Rama New 2 2016 Kathak Sangharsh Samiti and mobilized local tribal communities. Vaidyanathan Delhi Through sustained activism and pressure, Shukla succeeded in 3 Uma Dogra 2017 Jaipur Kathak compelling the government to reverse its policy of auctioning Kathak, Film 21 proposed coal mines in the Hasdeo Aranya area, ultimately 4 Hema Malini 2018 Mumbai actress leading to the cancellation of the proposed auction in 2022. Kathak, Film 5 Saira Banu 2019 Mumbai Global Recognition for Environmental Leadership actress The Goldman Environmental Prize, established in 1989 by Sandhaya American couple Richard and Rhoda Goldman, aims to honor Puricha, grassroots environmental leaders, draw international attention Chairman of Bharatanatyam 6 2018 Mumbai to environmental problems, and encourage action. This year, Sangeet Exponent seven individuals from six inhabited regions of the globe have Natak been selected for the prestigious award. Akademi Dr. Malabika Previous Indian Winners 7 2021 Kolkata Kathak Mitra Alok Shukla joins the ranks of seven previous Indian recipients Kathak, Film of the Goldman Environmental Prize, including renowned 8 Prachi Shah 2022 Mumbai actress activists like Medha Patkar (1992), M.C. Mehta (1996), Rashida Ashim Bee and Champa Devi Shukla (2004), Ramesh Agarwal (2014), 9 Bandhu 2023 Mumbai Kathak and Prafulla Samantara (2017). These remarkable individuals Bhattacharya have fought tirelessly for environmental justice, land rights, and Pandit sustainable development across various parts of India. 10 Rajendra 2024 Jaipur Kathak Gangani Grassroots Environmental Activism The Goldman Environmental Prize defines grassroots leaders as Reviving a Celebrated Tradition individuals involved in local efforts where positive change is The decision to honor these esteemed individuals was taken created through community or citizen participation. Shukla’s during a meeting held at Bhatkhande Sanskriti University, recognition highlights the critical role played by grassroots Lucknow, presided over by the university’s Vice-Chancellor, activism in protecting the environment and preserving natural Prof. Mandavi Singh. The meeting was attended by the resources for future generations. secretary of the Pt. Lachhu Maharaj Ballet Foundation and As Alok Shukla receives this prestigious award, his efforts serve senior disciple of Pandit Lachhu Maharaj, Kumkum Adarsh. as an inspiration for environmental champions around the Honoring a Decade of Excellence world, reminding us of the power of collective action and the The Pandit Lacchu Maharaj Ballet Foundation has decided to importance of protecting our planet’s precious ecosystems. honor ten personalities this year, as the award was not given after 2014. The esteemed awardees, spanning various years Eminent Personalities Honoured with Prestigious Pandit from 2015 to 2024, represent the pinnacle of artistic excellence Lacchu Maharaj Award in fields such as Kathak, Bharatanatyam, and cinema. Noted Hindi film superstars Hema Malini and Saira Banu, along Celebrating Kathak Legends with other prominent personalities from the fields of art and Among the awardees are renowned Kathak exponents like Uma culture, will be honoured with the prestigious Pandit Lacchu Sharma (2015), Rama Vaidyanathan (2016), Uma Dogra (2017), Maharaj Award. The award ceremony will take place on 31 and Pandit Rajendra Gangani (2024). Film actresses Hema August 2024 in Lucknow, Uttar Pradesh. Malini (2018) and Saira Banu (2019), both accomplished Kathak 10 eminent personalities to be awarded the Lacchu Maharaj dancers, will also be honored for their remarkable award contributions. The Lacchu Maharaj Award, Instituted in memory of the famous Recognizing Artistic Brilliance kathak exponent Lacchu Maharaj, was not given after 2014. Other notable awardees include Sandhaya Puricha, Chairman Thus, the Pandit Lacchu Maharaj Ballet Foundation has decided of Sangeet Natak Akademi (2018), a Bharatanatyam exponent; to honour 10 personalities this year. No award has been Dr. Malabika Mitra (2021), a Kathak maestro; Prachi Shah announced for the year 2020 due to COVID-19. The awardees (2022), a Kathak dancer and film actress; and Ashim Bandhu are: Bhattacharya (2023), a Kathak exponent. 9 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 Honoring the Legacy of Lacchu Maharaj Mahal, Mughal-e-Azam, and Pakeezah, as well as numerous The Pandit Lacchu Maharaj Award is named after the legendary ballets. Kathak exponent, Lacchu Maharaj (1907-1978), who was born As these eminent personalities are honoured with the Pandit Baij Nath Prasad in Lucknow. He is renowned for Lacchu Maharaj Award, it serves as a testament to the rich choreographing Kathak dance sequences in iconic films like cultural heritage of India and the enduring legacy of artistic excellence that continues to inspire generations. Banking and Financial Current Affairs HDFC Bank, a leading private sector lender in India, is AU Small Finance Bank has merged with Fincare Small pursuing the sale of its entire stake in HDFC Education and Finance Bank, marking a significant consolidation in the Development Services. This move comes as the bank seeks banking sector. The merger, finalized on April 1, 2024, to maintain transparency and regulatory compliance while through an all-stock deal, strengthens AU SFB’s presence in selecting a buyer through the Swiss challenge method. South India and enhances its customer base and distribution network. (Read Complete Article) (Read Complete Article) The Securities and Exchange Board of India (SEBI) has The Reserve Bank of India (RBI), the nation’s central launched SCORES 2.0, an upgraded version of its Complaint banking institution, is entering its 90th year on April 1st, Redress System (SCORES), to strengthen mechanisms for 2024. To mark this significant occasion, Prime Minister addressing investor complaints. This enhanced system Narendra Modi is attending the event at Mumbai’s features automated routing, oversight by designated National Centre for the Performing Arts. (Read Complete authorities, and streamlined processes. (Read Complete Article) Article) In March 2024, the Goods and Service Tax (GST) collection The Competition Commission of India (CCI) has granted in India witnessed a notable surge, marking the second- approval to Axis Bank for its proposed acquisition of a stake highest since its inception in July 2017. The month’s in Max Life Insurance Company Ltd. This strategic move collection amounted to Rs 1.78 lakh crore, reflecting an aims to bolster Max Life’s growth trajectory, fortify its capital base, and enhance solvency margins. (Read 11.5% increase compared to the previous year. Complete Article) Unified Payments Interface (UPI) concluded FY24 on a In the second half of 2023, UPI transactions in India remarkable note, achieving new milestones in transaction witnessed a remarkable surge of 56% year-on-year, volume and value during March 2024. Despite a slight dip outpacing the modest growth of 6% in card transactions, in February 2024 due to fewer days in the month and according to a report by payment service provider increased investment activity ahead of the financial year Worldline. The report reveals that the volume of UPI end, transactions worth ₹19.78 lakh crore were processed transactions soared to 65.77 billion, marking a substantial in March 2024, marking a significant increase from the increase from 42.09 billion in the same period. Moreover, previous record of ₹18.41 lakh crore set in January 2024. transaction value saw a significant rise of 44%, reaching Rs (Read Complete Article) 99.68 trillion from Rs 69.36 trillion. (Read Complete As of December 2023, India witnessed a surge in credit Article) card usage, with the total number crossing the 100 million The Reserve Bank of India (RBI) has deferred the implementation of new regulations governing exchange- mark. This trend has been steadily growing over the past traded forex derivatives to May 3. These regulations, few years, fueled by both strategic bank initiatives and initially set to take effect imminently, aim to ensure evolving consumer spending habits, according to RBI participants in the market have genuine foreign-exchange Data(Read Complete Article) exposure. However, the delay has prompted brokerages to Karnataka Bank has successfully concluded a Qualified urge clients to close out contracts, anticipating significant Institutional Placement (QIP) to raise Rs 600 crore, adding changes in market dynamics. (Read Complete Article) to its planned capital raise program of Rs 1,500 crore The Reserve Bank of India (RBI) has imposed monetary announced in September 2023. This strategic move aims to penalties on two financial institutions – IDFC First Bank and enhance the bank’s financial strength, fueling its growth LIC Housing Finance – for non-compliance with various trajectory while ensuring stability. (Read Complete Article) regulations. (Read Complete Article) The Reserve Bank of India (RBI) is contemplating the The Small Industries Development Bank of India (SIDBI) has forged a partnership with fintech platform KarmaLife to establishment of the Digital India Trust Agency (DIGITA) to extend micro loans to gig workers. This collaboration aims combat the proliferation of illegal lending apps. This to enhance financial inclusion for gig workers by leveraging initiative aims to bolster cybersecurity measures and clamp KarmaLife’s mobile app technology to streamline loan down on fraudulent activities in the digital lending sector. access without the need for extensive paperwork. (Read (Read Complete Article) Complete Article) 10 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 The Reserve Bank of India’s (RBI) recent survey conducted associated with the company since December 2000, has in March 2024 indicates a significant improvement in been unanimously appointed as the new Chairman of consumer confidence for the year ahead. The Future HDFC Life Insurance. Mistry’s extensive experience and Expectations Index (FEI) rose by 2.1 points to reach 125.2, leadership within the organization make him a natural the highest level since mid-2019. This surge in optimism is choice for this pivotal role. (Read Complete Article) attributed to households’ positive sentiments regarding the In a significant development, PayU, the digital financial general economic situation, employment prospects, and services provider, has obtained the coveted in-principle discretionary spending. (Read Complete Article) authorization from the Reserve Bank of India (RBI) to In a recent announcement, the Reserve Bank of India (RBI) function as a Payments Aggregator (PA) under the has made significant regulatory decisions regarding the Payment Settlements Act, 2007. This approval, after a registration of non-banking finance companies (NBFCs). year-long process, marks a pivotal moment for PayU’s The RBI has cancelled the registration certificates of four operations in India. (Read Complete Article) NBFCs and has received voluntary surrender of licenses In the fiscal year 2023-24, India experienced a significant from 11 other entities for various reasons, including decline in its gems and jewellery exports by 14.94%, business exit, amalgamation, and non-requirement for amounting to US$32.02 billion compared to US$37.6 registration as per specific criteria. (Read Complete Article) billion in the previous year. The Gem and Jewellery Export A significant collaboration between Canara Bank and Promotion Council (GJEPC) released provisional data Society for Innovation & Entrepreneurship (SINE), IIT highlighting this downturn. (Read Complete Article) Bombay was formalized on April 3rd through the signing of The Reserve Bank of India (RBI) has issued a a Memorandum of Understanding (MoU). This MoU aims comprehensive master direction for asset reconstruction to facilitate financial assistance to startups, marking a companies (ARCs), which will come into effect from April pivotal moment for the startup ecosystem. (Read 24, 2024. These guidelines aim to enhance the regulatory Complete Article) framework for ARCs and ensure their financial stability and In a significant move following the Reserve Bank of India’s effectiveness in resolving distressed assets. ARCs are (RBI) issuance of fresh guidelines, State Bank of India (SBI) required to maintain a minimum capital of Rs 300 crore, a and Standard Chartered Bank India conducted a Credit significant increase from the previous requirement of Rs Default Swap (CDS) trade valued at ₹25 crore. This marks a 100 crore set on October 11, 2022. (Read Complete notable development in the financial landscape, Article) particularly in credit risk management. (Read Complete Kotak Mahindra Bank’s shares plummeted by 10% Article) following punitive measures imposed by the Reserve Bank Private lender HDFC Bank has opened a branch at Kavaratti of India (RBI), which restrict the bank from onboarding new Island in Lakshadweep, making it the only private sector customers online and issuing fresh credit cards due to IT bank to have a presence in the Union Territory. This branch system deficiencies in 2022 and 2023. (Read Complete is aimed at upgrading the banking infrastructure in Article) Lakshadweep by offering a wide range of services with a The Reserve Bank of India (RBI) has unveiled regulations focus on personal banking and digital banking solutions. under the Foreign Exchange Management Act (FEMA) to The branch will provide customized digital solutions, facilitate the direct listing of Indian companies on including QR-based transactions for retailers, to cater to international stock exchanges. These regulations aim to the financial needs of individuals, families, and businesses streamline foreign exchange transactions and reporting in the region. (Read Complete Article) procedures, offering companies greater flexibility in In a significant development, provisional figures released utilizing funds raised through overseas listings. (Read by the Ministry of Finance reveal that net direct tax Complete Article) collections for the Financial Year (FY) 2023-24 have In a strategic collaboration, NABARD has joined forces with surpassed Union Budget Estimates by a substantial margin the RBI Innovation Hub to revolutionize agricultural of Rs. 1.35 lakh crore, marking a remarkable increase of lending through digitalization. The partnership aims to 7.40%. The provisional direct tax collections stand at Rs. streamline loan processing and enhance accessibility for 19.58 lakh crore, showcasing a robust growth of 17.70% farmers across India. (Read Complete Article) compared to the preceding FY 2022-23. (Read Complete SBI Card has introduced three variants of its travel-centric Article) credit card, SBI Card MILES, catering to diverse travel In a significant move, banker Deepak S Parekh has needs. The variants—SBI Card MILES ELITE, SBI Card MILES resigned from his positions as chairman and non- PRIME, and SBI Card MILES—are designed to offer curated executive director of HDFC Life Insurance, effective April benefits to travelers, from frequent flyers to enthusiasts. 18, 2024. Following this, Keki Mistry, who has been (Read Complete Article) 11 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 The Reserve Bank of India (RBI) has instructed Talkcharge Digital Currency (CBDC). This pioneering initiative aims to Technologies to halt the issuance and operation of its revolutionize agricultural finance by targeting farmers for Prepaid Payment Instruments (PPIs) or wallets. This carbon credit generation. (Read Complete Article) directive follows the RBI’s observation of the firm issuing The Reserve Bank of India (RBI) has issued comprehensive wallets without proper authorization. As a result, guidelines outlining the voluntary transition path for Talkcharge must refund the balances held in these wallets Small Finance Banks (SFBs) seeking to become Universal to customers by May 17, 2024. (Read Complete Article) Banks. These guidelines set specific eligibility criteria and IndusInd Bank, in collaboration with Circularity Innovation procedural requirements for such a transition, aiming to Hub India Private Limited (CIH), has achieved a significant milestone by successfully executing the Reserve Bank of ensure financial stability and operational effectiveness in India’s pilot program on programmable Central Bank the banking sector. (Read the Complete Article) Economy Current Affairs The World Bank has revised India’s GDP growth projection Meanwhile, industrial production (IIP) saw a significant rise, for FY25 to 6.6%, indicating a moderate yet steady growth hitting a four-month high at 5.7% in February. (Read trajectory. Despite the anticipated slowdown, robust Complete Article) economic activity in India is expected to drive growth in SEBI has granted approval to CRISIL ESG Ratings & South Asia, outpacing other emerging market and Analytics as a Category 1 provider of ESG ratings, marking a developing economies. (Read Complete Article) significant development in the realm of environmental, During the RBI Monetary Policy Committee (MPC) social, and governance (ESG) assessments in India. This announcement, Governor Shaktikanta Das emphasized the accreditation underscores the growing importance of importance of maintaining moderate inflation to ensure independent ESG ratings in financial markets, particularly in economic stability. The projected CPI inflation for the fiscal guiding decision-making for issuers and investors towards year 2024-25 (FY25) stands at 4.5%, with fluctuations sustainable practices. (Read Complete Article) across quarters. (Read Complete Article) The National Institute of Public Finance and Policy (NIPFP) The Asian Development Bank (ADB) has raised India’s GDP predicts India’s GDP growth for the fiscal year 2024-25 to growth forecast for the current fiscal year (FY25) to 7% be 7.1%. Utilizing high-frequency models, NIPFP from the previous estimate of 6.7%. This growth will be underscores the government’s fiscal consolidation efforts, driven by robust investment in public and private sectors, as well as an improvement in consumer demand. For the emphasizing tax buoyancy and compression of revenue 2025-26 fiscal, ADB has projected India’s growth at 7.2%. expenditure. (Read Complete Article) The growth estimates for the current fiscal are lower than Deloitte India has revised its GDP growth forecasts for FY24 the 7.6% estimated GDP expansion in 2022-23 fiscal, and FY25, with a significant increase in projections. The where strong investment was the primary driver. (Read consultancy anticipates a robust GDP growth of 7.6-7.8% Complete Article) for FY24, up from the previous estimate of 6.9-7.2%. In FY24, the non-life insurance industry experienced a Looking ahead to FY25, Deloitte expects GDP to expand by notable growth of 12.78% in gross direct premium, 6.6%, driven by strong economic activity fueled by rising reaching Rs 2.89 trillion. However, this growth fell short of consumption expenditure. (Read the Complete Article) the Rs 3 trillion mark due to a slowdown in health, motor, and crop insurance segments. General insurers recorded a 14.24% year-on-year growth, with public sector insurers at 8.99% and private sector counterparts at 17.53%. (Read Complete Article) Moody’s Analytics projects a modest uptick in India’s economic growth for 2024, estimating a 6.1% expansion, slightly higher than the 6% projected earlier in March. Despite the growth, it remains lower than the 7.7% recorded in 2023. The report highlights concerns regarding inflation, citing India’s recent consumer price inflation hovering around 5% with no clear evidence of abating pressure. (Read Complete Article) India’s retail inflation dropped to a 10-month low of 4.85% in March, aligning with the RBI’s tolerance band of 2-6%. 12 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 Business Current Affairs On March 26, 2024, Savita Oil Technologies announced a In a significant move, Japan’s MUFG is set to purchase a significant equity transaction via a block deal, wherein the 20% stake in HDB Financial Services, a subsidiary of India’s company’s promoter, Mr. Gautam N. Mehra, sold a 3% HDFC Bank. The deal is poised at a valuation of $9-10 billion stake to SBI Mutual Fund. This resulted in a reduction of before the initial public offering (IPO), making it one of the the promoter group’s stake to 59.78%. (Read Complete largest transactions in India’s shadow banking sector. HDB Article) Financial, a non-deposit-taking lender, is expected to Chhattisgarh-based Bharat Aluminium Company Limited command a valuation ranging from $9 billion to $12 billion (BALCO), a unit of Vedanta Aluminium, has achieved the during its IPO, contingent on prevailing market conditions. Aluminium Stewardship Initiative (ASI) Performance (Read Complete Article) Standard V3 Certification. This accolade positions BALCO as In a significant development, Revolut India, backed by Tiger the inaugural Indian company to attain this certification, Global and Softbank, has secured in-principle approval reflecting its commitment to sustainable practices in the from the Reserve Bank of India (RBI) to issue Prepaid aluminium value chain. (Read Complete Article) Payment Instruments (PPI). This approval marks a crucial Paradip Port Authority, Odisha, surpasses Deendayal Port step for Revolut in expanding its presence in the Indian Authority, Kandla, to become India’s leading cargo-handling market, enabling the provision of multi-currency forex major port in the fiscal year 2023-24, handling 145.38 cards and cross-border remittance services. (Read Million Metric Tons (MMT) of cargo, marking a 7.4% Complete Article) growth from the previous year. (Read Complete Article) Adani Green Energy Limited, an Adani Group company, is Tata Technologies and BMW Group have inked a building the world’s largest renewable energy park in partnership to establish an automotive software and IT Khavda, Kutch district of Gujarat. The park is spread over development center in Chennai, Pune, and Bengaluru. With 538 square kilometers, which is about five times larger than Chennai’s prominence in housing IT solution hubs for auto the total size of the French capital, Paris. (Read Complete giants like Visteon, Ford, and Renault Nissan, the focus here Article) will be on business IT solutions. (Read Complete Article) In a groundbreaking collaboration, Razorpay and Airtel In a significant move, PepsiCo India announces a massive Payments Bank have unveiled the UPI Switch, a cutting- investment of ₹1,266 crore to establish a cutting-edge edge cloud-based infrastructure designed to revolutionize flavour manufacturing facility in Ujjain, Madhya Pradesh. the landscape of digital payments. This innovative product Scheduled to commence operations in the first quarter of promises to enhance success rates by 4-5% and handle an 2026, this plant marks a pivotal moment for both PepsiCo impressive 10,000 transactions per second (TPS), offering and the local economy. (Read Complete Article) businesses unprecedented efficiency and scalability. (Read Adani Green Energy Ltd (AGEL) has achieved a significant Complete Article) milestone by surpassing 10,000 MW of renewable energy In a significant move, BharatPe has unveiled BharatPe capacity in its operational portfolio. This accomplishment One, an innovative all-in-one payment device set to solidifies AGEL’s position as the foremost player in India’s redefine digital transactions. This cutting-edge product renewable energy sector. (Read Complete Article) integrates POS, QR, and speaker functionalities into a single Star Health Insurance, a leading provider of retail health device, promising unparalleled convenience for merchants insurance in India, has collaborated with PhonePe, a and customers alike. (Read Complete Article) prominent digital payments platform. This partnership aims Adani Group’s Vizhinjam Port in Kerala has received to make quality health insurance accessible through PhonePe’s app, offering the Star Comprehensive Insurance approval from the government to operate as India’s Policy with monthly and annual payment options. (Read inaugural transshipment port. This designation is significant Complete Article) as it allows cargo to be transferred from large vessels to smaller ones, contributing to India’s goal of becoming a In a strategic move aimed at enhancing insurance distribution across India, ICICI Lombard General Insurance manufacturing hub. Presently, a substantial portion of Company has forged a partnership with Policybazaar. This India’s transshipment cargo is handled by ports abroad, collaboration aims to leverage Policybazaar’s digital such as those in Colombo and Singapore. (Read Complete platform to offer a wide range of insurance products to Article) approximately 10 million customers. (Read Complete The increasing reliance of India on Chinese industrial Article) goods presents significant economic and security Ashneer Grover is the co-founder and former managing concerns, with China’s share in New Delhi’s imports rising director of the fintech company BharatPe. After his high- from 21% to 30% over the last 15 years. This situation profile exit from BharatPe in 2022, Grover has now demands a strategic reassessment of import strategies to ventured into the fintech space again with a new app called foster diversified and resilient supply chains. (Read the ZeroPe. (Read Complete Article) Complete Article) 13 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 Hitachi Payment Services has unveiled new upgradable The Indian Renewable Energy Development Agency ATMs in India, allowing banks to adapt their machines into (IREDA), a public sector enterprise, has been granted the Cash Recycling Machines (CRMs) as per evolving needs. coveted ‘Navratna’ status by the government, according to Manufactured under the ‘Make in India’ initiative, these a recent filing with the stock exchanges. This prestigious ATMs offer flexibility and efficiency to banks, potentially designation takes the total number of Navratna PSEs revolutionizing the Indian ATM industry. (Read the (Public Sector Enterprises) in India to 17. (Read the Complete Article) Complete Article) International Current Affairs Saudi Arabia has been chosen to chair the UN Commission Egypt’s President Abdel Fattah al-Sisi, 69, has commenced on the Status of Women (CSW), despite widespread his third term as the leader of the nation, extending his criticism due to its poor record on women’s rights. The tenure until 2030. Amidst battling economic challenges, Sisi appointment of Saudi Ambassador Abdulaziz Alwasil has vows to prioritize national interests and fulfill the sparked outrage from human rights groups, given the stark aspirations of the Egyptian people for a modern, disparity between the kingdom’s actions and the democratic state. (Read Complete Article) commission’s mandate to promote gender equality. (Read A research center in Romania has revealed the world’s Complete Article) most potent laser, based on the groundbreaking inventions Romania and Bulgaria have taken a significant step in their of Nobel Physics Prize winners Gerard Mourou and Donna integration with the European Union by partially joining Strickland. The laser, operated by the French company the Schengen travel zone. While travelers arriving by air or Thales, promises revolutionary applications across sectors sea now enjoy ID-check-free access, land border checks from healthcare to space exploration. (Read Complete persist due to opposition from Austria. (Read Complete Article) Article) Zimbabwe, along with Zambia and Malawi, has declared a The International Year of Millets (IYM) 2023, concluded state of disaster due to a severe drought sweeping across with a closing ceremony held at the Food and Agriculture southern Africa. President Emmerson Mnangagwa cited an Organization (FAO) headquarters in Rome, Italy, on March “El Nino-induced drought” causing below-normal rainfall, 29th, 2024. The event served as a platform to assess the affecting over 80% of the country. This drought, accomplishments and insights gained from the year-long exacerbated by climate change, has led to dire food celebration. (Read Complete Article) shortages and humanitarian crises across the region. (Read Katchatheevu, an Indian island with a tumultuous past, has Complete Article) been a focal point of contention between India and Sri The North Atlantic Treaty Organization (NATO) is marking Lanka since its cession in 1974. (Read Complete Article) its 75th anniversary this year. The alliance, founded in The Democratic Republic of Congo has appointed Judith 1949, will hold a special event in Brussels, Belgium to Suminwa Tuluka as the country’s first female Prime commemorate this milestone. (Read Complete Article) Minister. This move by President Felix Tshisekedi fulfills a In Slovakia’s recent presidential election, Peter Pellegrini campaign promise and comes at a time of worsening emerged victorious, reinforcing the pro-Russian stance of violence in the mineral-rich eastern region bordering Prime Minister Robert Fico’s government. Pellegrini’s win Rwanda. (Read Complete Article) signals a continuity in Fico’s policies, characterized by a tilt On April 1, 2024, Germany became the largest European towards Russia, controversial reforms, and strained Union (EU) nation to legalize recreational cannabis use, relations with the West. (Read Complete Article) despite facing opposition from politicians and medical China has surpassed India as the primary importer of associations. Under the new law, adults over 18 are now Russian crude oil via sea routes, with China importing 1.82 permitted to carry up to 25 grams of dried cannabis and million barrels per day (bpd) in March compared to India’s cultivate up to three marijuana plants at home. (Read 1.36 million bpd. This shift is attributed to India’s Complete Article) slowdown in imports due to sanctions and rising prices. Scientists in South Korea have set a new world record using (Read Complete Article) the Korea Superconducting Tokamak Advanced Research British national Russ Cook, known as the “Hardest Geezer,” (KSTAR) device, an “artificial sun” nuclear fusion reactor. has successfully completed a challenging trek that took him During tests conducted between December 2023 and over 352 days to finish. During his journey, he covered February 2024, they generated plasma temperatures of more than 10,000 miles, passed through 16 countries, and 100 million degrees Celsius for a duration of 48 seconds. took over 19 million steps, all while raising money for (Read Complete Article) charity. (Read Complete Article) 14 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 Simon Harris, aged 37, has been elected as Ireland’s secured 58.6% of the votes, amounting to more than 96 youngest-ever prime minister, succeeding Leo Varadkar million ballots, which is more than twice the number who resigned last month. Harris, a former health and received by either of his rivals. (Read Complete Article) higher education minister, secured the nomination with a In the recently released 2024 Special 301 Report by the vote of 88-69 in parliament, garnering support from U.S. Trade Representatives (USTR), India finds itself on the independent lawmakers, as well as his coalition partners Priority Watch List for intellectual property (IP) protection Fianna Fail and the Green Party. (Read Complete Article) and enforcement. This decision comes amidst ongoing In an effort to stabilize its economy after years of turmoil, concerns regarding India’s handling of IP security issues. Zimbabwe has launched a new gold-backed currency (Read Complete Article) called ZiG, an abbreviation for “Zimbabwe Gold.” This The Iranian Islamic Revolutionary Guard Corps (IRGC) has move comes as the country grapples with hyperinflation introduced a new kamikaze drone resembling Russia’s and a volatile financial landscape. (Read Complete Article) Lancet drone. This drone, yet to be named publicly, is Former Pakistan Prime Minister Yousaf Raza Gillani and designed for targeted attacks, akin to those witnessed in Pakistan Muslim League-Nawaz (PML-N) leader Syedal the Ukraine conflict. (Read the Complete Article) Khan Nasir have been elected as Pakistan’s Senate Iraq’s parliament recently passed a stringent law chairman and deputy chairman, respectively. (Read criminalizing same-sex relationships, imposing a maximum Complete Article) 15-year prison sentence. The legislation, titled the Law on In a significant development, Israel deployed its ship- Combating Prostitution and Homosexuality, reflects a mounted defense system, the C-Dome, for the first time concerning trend of increased scrutiny and persecution of against a suspicious aerial target near the southern city of LGBT individuals in Iraq. (Read the Complete Article) Eilat. The incident occurred following an alert in the area, Humza Yousaf, Scotland’s first Muslim First Minister and which had previously been targeted by missile fire from leader of the Scottish National Party (SNP), has announced Yemen’s Houthi rebels. The C-Dome, a naval adaptation of his resignation amid political turmoil. (Read the Complete the Iron Dome, successfully intercepted the target, marking Article) its maiden operational use. (Read Complete Article) Sri Lanka, amidst a financial crisis stemming from a severe Russia successfully tested its Angara-A5 space rocket for shortage of dollars, has taken a significant step by partially the first time on April 11, 2024. The test launch was lifting import restrictions. This move aims to rejuvenate the conducted from the Vostochny Cosmodrome in the Far economy, which has been struggling since March 2020. East of Russia. In fact, rocket test launches on April 9 and (Read the Complete Article) 10 were cancelled due to a malfunction in the Dubai is embarking on an ambitious endeavor to construct pressurization system and a problem with the engine the world’s largest airport, Al Maktoum International launch-control system. (Read Complete Article) Airport, boasting an unprecedented capacity to In a recent announcement on April 20, 2024, North Korea accommodate 260 million passengers annually, with 400 revealed the testing of a new anti-aircraft Pyoljji-1-2 terminal gates and five parallel runways. Spearheaded by missile and a super large strategic cruise missile Hwasal-1 Sheikh Mohammed bin Rashid Al Maktoum, the project Ra-3 warhead in the West Sea of Korea. These tests, signifies Dubai’s commitment to innovation and global conducted on April 19, 2024, mark a significant escalation connectivity. (Read the Complete Article) in tensions between North Korea, South Korea, and the United States. (Read Complete Article) Mayako Pahichan Nepal, in collaboration with the Nepal Tourism Board, orchestrated the groundbreaking first International Rainbow Tourism Conference. This one-day event marks a significant leap forward in fostering diversity and inclusivity within Nepal’s tourism industry, positioning the country as a welcoming destination for the sexual minority community in South Asia. (Read Complete Article) Indonesia’s electoral commission has officially declared Prabowo Subianto as the president-elect after the country’s highest court rejected challenges to his landslide victory lodged by two losing presidential candidates. Subianto, currently serving as the defense minister, 15 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | April 2024 National Current Affairs The Indian government has taken proactive steps to The President of India, Smt Droupadi Murmu, launched address carbon emissions in the steel industry by India’s first home-grown gene therapy for cancer at IIT establishing a task force to investigate the potential use of Bombay on April 4, 2024. This groundbreaking treatment, biochar. With the steel sector contributing significantly to called ‘CAR-T cell therapy’, is a major breakthrough in the greenhouse gas emissions, this initiative aims to reduce battle against cancer. (Read Complete Article) carbon intensity and promote sustainability in steel Dr. Manmohan Singh, former Prime Minister of India, manufacturing processes. Given its potential significance in retire from the Rajya Sabha, marking the end of his three- reducing carbon emissions within the steel industry, the decade-long tenure in the Upper House. (Read Complete formation of the 14th Task Force on ‘Use of Biochar and Article) Other Relevant Products in Steel Making’ was endorsed by India is embarking on establishing its first privately the ministry. (Read Complete Article) managed strategic petroleum reserve (SPR) by 2029-30. The Indian government aimed to raise funds through the This initiative aims to allow the operator the liberty to sale of stakes in state-run companies in the fiscal year trade all stored oil, aligning with models seen in countries 2023/24. However, the achieved amount of 165 billion such as Japan and South Korea. India’s current SPR rupees fell short of the internal target by about 9%, strategy involves partial commercialization, with plans to reaching $1.98 billion. This setback is attributed to the expand this approach with new SPR projects. (Read forthcoming general elections, causing a shift in focus away from Prime Minister Narendra Modi’s privatization agenda. Complete Article) (Read Complete Article) In line with its ambitions for a sustainable energy future, On March 29, 2024, Prime Minister Narendra Modi was India aims to ramp up its nuclear power production honoured with the ‘Merchant Navy Flag’, pinned on his significantly, targeting a capacity of 1 lakh MW by 2047. lapel by Secretary T.K. Ramachandran of the Ministry of This objective, outlined in a report titled ‘Synchronising Ports, Shipping and Waterways. This marked the beginning Energy Transitions Towards Possible Net Zero for India: of the National Maritime Week celebrations, which span Affordable and Clean Energy for All,’ highlights the from March 29 to April 5. (Read Complete Article) nation’s commitment to expanding its nuclear energy Amidst the growing buzz around Artificial Intelligence (AI), sector. (Read Complete Article) the trailer and song launch event for India’s first Hindi film In response to requests from friendly nations including on this subject, “IRAH,” took place in Mumbai. The movie Bangladesh, the United Arab Emirates, Bahrain, Mauritius, boasts an impressive cast, including Rohit Bose Roy, Rajesh and Bhutan, the Indian government has granted approval Sharma, Karishma Kotak, and Rakshith Bhandarry in for the export of onions. India, a significant global exporter prominent roles. (Read Complete Article) of onions, had enforced a ban on onion exports in India’s engineering exports soared by 15.9% year over year December 2023, leading to soaring prices in these nations. in February 2024, marking the third consecutive month of (Read Complete Article) growth and reaching a record high of $9.94 billion for the India aims to halt urea imports by the end of 2025 by fiscal year 2023–2024. Notably, this growth surpassed boosting domestic production and promoting alternative December 2023 figures. (Read Complete Article) fertilizers. This is in response to the nation’s significant The National Highways Authority of India (NHAI) has reliance on imports, which currently satisfy around 30% of introduced the ‘One Vehicle, One FASTag‘ norm, which its annual urea demand. (Read Complete Article) aims to prevent the use of a single FASTag for multiple India has removed export restrictions on essential vehicles or linking multiple FASTags to a particular vehicle. commodities for the Maldives, including items like eggs, This new norm has come into effect from April 1, 2024. potatoes, onions, rice, wheat flour, sugar, and dal, for the NHAI had previously extended the compliance deadline to fiscal year 2024-25. This move comes despite strained the end of March, considering the issues faced by Paytm diplomatic relations between the two countries since FASTag users. (Read Complete Article) November last year. (Read Complete Article) The Ministry of Health and Family Welfare introduces the myCGHS app for iOS, delivering enhanced healthcare In a strategic move to bolster its maritime presence and accessibility and digital experiences to Central Government enhance regional connectivity, India has gained operational Health Scheme (CGHS) beneficiaries. Launched on April control over the Sittwe Port in Myanmar, following 3rd, 2024, the app prioritizes user safety with robust approval from the Ministry of External Affairs (MEA). The security measures. (Read Complete Article) agreement allows India Ports Global (IPGL), a company India aims to bolster its strategic petroleum reserves (SPRs) fully owned by the Ministry of Ports, Shipping and by constructing its first privately managed storage facility in Waterways, to manage the entire port on the Kaladan partnership with a private company by 2029-30. (Read River, marking India’s second overseas port acquisition Complete Article) after Chabahar in Iran. (Read Complete Article) 16 www.bankersadda.com | www.sscadda