Current Affairs Today 1st April 2024 Daily GK Update

Daily Current Affairs 1st April 2024 Daily GK Update

Current Affairs Quiz 2024, Daily gk updates and Current affairs play a major role in any competitive exam. so here we are providing the current affairs quiz on a daily basis for Bank, SSC, Railway and Other Government Competitive Examinations.

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National News

NTPC permanently closed Barauni Stage-I project

  • State-owned power giant NTPC has permanently closed its Barauni Thermal Power Station Stage-I of 220 MW.
  • The company acquired Barauni Thermal Power Station (720 MW) in Begusarai district, Bihar, from Bihar State Power Generation Company on December 15, 2018.
  • Established in 1975, NTPC aims to become a 130 GW firm by 2032.
  • Operation of NTPC Barauni Thermal Power Station Stage-I (2×110 MW) comprising of two Units (Unit 6 & 7) of 110 MW each (along with all Auxiliary systems except CHP, Switchyard, Ash Dyke and Township) shall be permanently discontinued w.e.f. 31st March 2024.

IOCL, Panasonic Energy ink pact for lithium-ion cell JV

  • State-owned refiner Indian Oil Corporation and Panasonic Group company Panasonic Energy Co. have signed a binding term sheet to draw framework of their proposed joint venture (JV) to manufacture cylindrical lithium-ion cells in India.
  • This initiative is driven by the anticipated expansion of demand for batteries for two- and three-wheel vehicles and energy storage systems in the Indian market.
  • The two companies are engaged in a feasibility study on utilization of battery technology for facilitating the transition to clean energy in India.They aim to finalise details of their collaboration by the summer of this year.
  • Leveraging Panasonic Energy’s expertise in battery development and manufacturing, the JV will strive to contribute to the growth of the lithium-ion battery industry and to India’s energy transition.

Banking and Financial

HDFC Bank proposes to sell 100% stake in its subsidiary HDFC Education

  • HDFC Bank has decided to sell its 100 per cent stake in HDFC Education and Development Services Private Ltd.
  • The transaction will be undertaken through the Swiss challenge method.
  • HDFC Bank would finalize the purchaser on the basis of the completion of the Swiss challenge process, subsequent to which such purchaser and HDFC Bank will enter into definitive documentation for the purposes of the proposed transaction.

About HDFC Bank

  • Founded – August 1994
  • Founder – Hasmukhbhai Parekh
  • Headquarters – Mumbai, Maharashtra
  • MD & CEO – Sashidhar Jagdishan
  • Chairman – Atanu Chakraborty
  • Tagline – We understand your world

Appointment

Pankaj Dwivedi appointed as ED at Union Bank of India

  • Pankaj Dwivedi has been appointed as the Executive Director of Union Bank of India (UBI).
  • Following his appointment, the bank now has four Executive Directors (EDs). Besides Dwivedi, the other EDs are – Nitesh Ranjan, Ramasubramanian S and Sanjay Rudra.
  • A Manimekhalai is helming the bank as MD & CEO.
  • Prior to joining UBI, Dwivedi was General Manager in Punjab & Sind Bank (P&SB).
  • He has more than 31 years banking experience, having worked at P&SB branches, zonal office and various departments at head office.

Recent Appointment in Banking & Insurance Sector

  • CMD of New India Assurance Company – Girija Subramanian
  • CMD of United India Insurance Company – Bhupesh Sushil Rahul
  • MD & CEO of Bank of Maharashtra – Nidhu Saxena
  • Chairman of Indian Bank Association (IBA) for 2023 24 – M V Rao
  • Deputy Chairmen of IBA – Dinesh Kumar Khara, S L Jain and N Kamakodi

Kamal Lath appoints as CFO of Good Glamm Group

  • Leading beauty and personal care company, the Good Glamm Group, has appointed of Kamal Lath as Group Chief Financial Officer.
  • As the newly-appointed Group CFO at Good Glamm Group, he will be at the forefront of our financial strategy and execution, playing a pivotal role in shaping the company’s next phase of growth.
  • A Harvard Business School alumnus, he has held significant positions at various organizations including Case New Holland (CNH), L&T Mindtree, K12 Techno services (Orchids International Schools), and d.light, where he served as Global CFO.

Recent Appointment

  • Chairman of Automotive Tyre Manufacturers’ Association (ATMA) – Arnab Banerjee
  • Judicial Member, Lokpal – Ritu Raj Awasthi
  • Director in UPSC – Hansha Mishra
  • Chairman of Surat Diamond Bourse – Govind Dholakia (replace Vallabh Lakhani)
  • Chairperson of Digital News Publishers Association (DNPA) – Mariam Mammen Mathew (replace Tanmay Maheshwari)

HDFC Bank appoints Sumant Rampal as mortgage business head

  • HDFC Bank has appointed Sumant Rampal as Group Head of Mortgage Business, in the place of Arvind Kapil.
  • Sumant Rampal has been with the bank for over 24 years. He has worked in various business domains, such as corporate banking, emerging corporate groups and business banking verticals.
  • Prior to the new role, he was the Group Head of Business Banking Working Capital, Rural Banking Group and Sustainability Livelihood Initiative.

About HDFC Bank

  • Founded – August 1994
  • Founder – Hasmukhbhai Parekh
  • Headquarters – Mumbai, Maharashtra
  • MD & CEO – Sashidhar Jagdishan
  • Chairman – Atanu Chakraborty
  • Tagline – We understand your world

Schaeffler India re-appoints Harsha Kadam as MD & CEO

  • Schaeffler India Ltd has re-appointed Harsha Kadam as Managing Director and Chief Executive Officer of the company.
  • According to stock exchange disclosure, Kadam’s new term will commence on October 1, 2024, and extend through September 30, 2027.
  • Kadam has over three decades of expertise, spanning across domains including sales, manufacturing, product design and development, and business excellence.
  • He joined Schaeffler India in 2018 as president of Industrial Business. He later took up the role of MD and CEO in 2019 for an initial five-year tenure.

Recent Appointment

  • President of Indian Steel Association (ISA) – Naveen Jindal (replace Dilip Oommen)
  • Mumbai Municipal Commissioner – Bhushan Gagrani
  • CEO of P&G India – Kumar Venkatasubramanian
  • Governor of Telangana and LG of Puducherry – C. P. Radhakrishnan (additional charge)
  • Government spokesperson –Sheyphali Sharan (replace Manish Desai)

Union AMC appoints Madhu Nair as CEO

  • Union Asset Management Company has appointed Madhu Nair as the Chief Executive Officer.
  • He will replace G Pradeepkumar who tendered his resignation after 14 years of service.
  • Nair comes with over 25 years of diverse experience across various market segments. He was instrumental in building up asset management companies such as HSBC, Invesco and Kotak, during his career span of two and a half decades.

Awards

President confers Bharat Ratna to Lal Krishna Advani and four others

  • The President of India, Droupadi Murmu conferred India’s highest civilian award, Bharat Ratna, on the former Prime Minister Chaudhary Charan Singh, PV Narasimha Rao, former Deputy Prime Minister Lal Krishna Advani, former Chief Minister of Bihar Karpoori Thakur and famous agricultural scientist M.S. Swaminathan.
  • Except for Lal Krishna Advani, the Bharat Ratna to Chaudhary Charan Singh, PV Narasimha Rao, Karpoori Thakur, and M.S. Swaminathan were awarded posthumously.
  • This year, the government conferred Bharat Ratna on five people. This is the highest number in a year for Bharat Ratna and the maximum since 1999 when four people were conferred with Bharat Ratna.

About Bharat Ratna

  • Bharat Ratna is the highest civilian honour conferred for exceptional service towards any field of human endeavour, without distinction of race, occupation, position, or sex.
  • Only two foreigners, Khan Abdul Gaffar Khan of Pakistan, also known as Frontier Gandhi and former South African President Nelson Mandela, have been conferred this award.
  • Khan Abdul Gaffar Khan was conferred the award in 1987, and Mandela in 1990.
  • The provision of Bharat Ratna was introduced in 1954.

Meena Charanda honored with ‘International Culture Award’

  • Principal of Kalindi College (Delhi University), Professor Meena Charanda has been given the ‘International Culture Award’ for the year 2024.
  • Meena Charanda has been given this honor for her remarkable work in the field of education and social service.
  • Charanda was given a memento, plaque, shield and citation from the university in the award.

Recent Awards

  • Times Power Icon 2024 Award by The Times Group – Vijay Jain
  • Abel Prize 2024 – Michel Talagrand (for work in probability theory and stochastic processes).
  • 29th Devi Shankar Awasthi Award 2023 – Nishant (for Kavita Pathak Aalochna)
  • GEEF Global Environment Award 2024 – THDC India Limited
  • Sangita Kalanidhi award 2024 – Thodur Madabusi Krishna

Sports 

Sharfuddoula becomes Bangladesh’s first ICC Elite Umpire

  • Bangladesh’s Sharfuddoula Ibne Shahid has become the first from his country to be inducted into the ICC Elite Panel of Umpires.
  • While India’s Nitin Menon entered the top tier for an unprecedented fifth time.
  • The 40-year-old is only the third Indian to be part of the elite panel after S Ravi and former India spinner S Venkataraghavan, who performed on-field duties in 33 and 73 Tests respectively.

About International Cricket Council (ICC)

  • The International Cricket Council is the global governing body of cricket.
  • It was founded as the Imperial Cricket Conference in 1909 by representatives from Australia, England and South Africa.
  • It was renamed as the International Cricket Conference in 1965, and took up its current name in 1987.
  • Formation – 15 June 1909
  • Headquarters – Dubai, UAE
  • Chairman – Greg Barclay (New Zealand)
  • CEO – Geoff Allardice (Australia)
  • Membership – 108 members

Important day

30 March – Rajasthan Diwas

  • Rajasthan Diwas is celebrated every year on 30 March. This year Rajasthan celebrates its 75th anniversary.
  • On this day in 1949, 19 princely states and 3 states were merged to form the state of Rajasthan after a process that took eight and a half years.
  • On January 14, 1949, Sardar Vallabhbhai Patel announced the merger of the princely states of Jaipur, Bikaner, Jodhpur, and Jaisalmer in a public meeting in Udaipur. To implement this announcement, Patel inaugurated Greater Rajasthan in a ceremony in Jaipur on March 30, 1949.
  • Before independence, the region was known as ‘Rajputana’. After the integration of the princely states was completed in seven phases, the name of the region was changed to ‘Rajasthan’.
  • Today, Rajasthan is the largest state in India in terms of area and is known for its rich history.

1 April – Utkal Diwas

  • On April 1, Odisha Day, also known as Utkala Divas, is celebrated to remember when Odisha became a state.
  • People all over the state decorate their homes and public places with flags, banners, and flowers in the colours of the state flag.
  • Utkal Divas is commemorated each year to commemorate the establishment of the state of Odisha on April 1, 1936.
  • This significant day signifies the separation of Odisha from the combined Bihar and Orissa provinces during the British colonial era in India.

1 April – RBI Foundation Day

  • The Reserve Bank of India (RBI), the nation’s central banking institution, is entering its 90th year on April 1st, 2024.
  • The RBI was established on April 1, 1934, following recommendations from the Royal Commission on Indian Currency and Finance to maintain the country’s monetary stability.
  • Its operations commenced on April 1, 1935, with Sir Osborne Smith as the first Governor.

About Reserve Bank of India (RBI)

  • Founded – 1 April 1935
  • RBI Nationalized – 1 January 1949
  • Headquarters – Mumbai, Maharashtra
  • RBI set up – Hilton Young Commission
  • 1st Governor – Sir Osborne Smith (Australia)
  • 1st Indian Governor – CD Deshmukh
  • 25th Governor – Shaktikanta Das

 

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