Current Affairs Today 4th April 2024 Daily GK Update

Daily Current Affairs 4th 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.

Here you can find Current Affairs Quiz for IBPS PO Mains, Current Affairs Quiz for IBPS RRB PO Mains, Current Affairs Quiz for IBPS RRB Clerk Mains, Current Affairs Quiz for RBI Assistant Mains, Current Affairs Quiz for RBI Grade B, Current Affairs Quiz for SSC.

 

National News

Govt raised Rs 16,507 crore via public sector enterprises disinvestment in FY’24

  • The government has garnered Rs 16,507 crore by selling minority stake in state-owned companies in 2023-24 fiscal, lower than what was projected in its revised estimates.
  • During the 2023-24 fiscal, which ended March 31, the government sold stakes in 10 central public sector enterprises (CPSEs) through offer for sale (OFS).
  • Share sale in Coal India fetched Rs 4,186 crore, while in NHPC and NLC India it garnered Rs 2,488 crore and Rs 2,129 crore, respectively. The government raised Rs 858 crore though initial public offering of IREDA.
  • The government also sold shares in RVNL, SJVN, IRCON International, HUDCO and earned remittances from SUUTI.
  • The budget had pegged disinvestment proceeds for 2023-24 fiscal at Rs 51,000 crore. However, the revised estimates (RE) on February 1, 2024, did away with separate head for disinvestment receipts.

Adani Green Energy becomes first company in India to surpass 10,000 MW renewable energy capacity

  • Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has surpassed 10,000 megawatts (MW) of operational portfolio, delivering reliable, affordable, and clean power to the national grid.
  • AGEL’s operational portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid capacity.
  • The milestone is a testament to AGEL and its development partners firmly moving towards the goal of 45,000 MW renewable energy by 2030.
  • AGEL’s 10,934 MW operational portfolio will power more than 5.8 million homes and avoid about 21 million tonnes of CO2 emissions annually.
  • AGEL is developing the world’s largest renewable energy project of 30,000 MW on barren land at Khavda in Kutch, Gujarat. Built across 538 sq km, it is five times the size of Paris and almost as large as Mumbai city.

Adani Green Energy Limited (AGEL)

  • Founded – 2015
  • Headquarters – Ahmedabad, Gujarat
  • MD & CEO – Vneet Jain

India to build first commercial crude oil strategic storage

  • India plans to build its first privately managed strategic petroleum reserve (SPR) by 2029-30, granting the operator the freedom to trade all of the stored oil.
  • Allowing a fully commercial SPR mirrors the model adopted by countries such as Japan and South Korea, which allow private lessees, mostly oil majors, to trade the crude.
  • So far, India has allowed only partial commercialization for its three existing SPRs in southern India, which have a combined capacity of 36.7 million barrels.
  • India plans to build two new SPRs – the first a 18.3 million barrels cavern at Padur in southern Karnataka state, and then a 29.3 million barrels SPR in eastern Odisha state – with private partners allowed to trade all of the oil locally.
  • PRL estimates the Padur SPR and linked pipeline and oil import facility would cost about 55 billion rupees ($659 million), with the federal government providing up to 60 per cent of the total.

SJVN partners with IIT-Patna to improve tunneling project performance

  • SJVN, formerly known as Satluj Jal Vidyut Nigam, has signed an MoU with the Indian Institute of Technology Patna (IIT Patna) to use advanced geological models in SJVN’s tunnelling projects, thus significantly reducing time and cost overruns.
  • One of the key outcomes of this partnership will be the development of predictive analytics algorithms.
  • These algorithms, leveraging integrated geotechnical data, will forecast potential risks and provide early warning systems specifically tailored for tunnelling projects. Such proactive measures are expected to substantially mitigate time and cost overruns during project execution.

About SJVN Limited

  • SJVN Limited is a Schedule-‘A’ Mini Ratna Category-I under the control of the Ministry of Power. It is a public sector undertaking.
  • SJVN was earlier known as ‘Sutlej Jal Vidyut Nigam’. It is an Indian public sector undertaking involved in hydropower generation and transmission.
  • SJVN is as a joint venture of the Government of India and the Government of Himachal Pradesh.
  • Established – 24 May 1988
  • Chairperson and Managing Director – Geeta Kapur

IITs in News

  • IIM Mumbai and Starburst collaborate to boost aerospace, defence startups
  • IIT Madras hosts the 6th Shaastra Rapid FIDE Rated Chess Tournament
  • Starburst Accelerator SARL partners with IIT Madras to establish €100 million startup hub
  • IIT Madras develops customisable ‘Electric Standing Wheelchair’
  • Indian Navy & IIT Kharagpur signed a MoU to drive innovation through research partnership
  • Max India’s subsidiary partners with IIT Delhi for senior citizen care

Banking and Financial

Central Bank of India partners with Veefin Solutions to commence supply chain finance

  • Mumbai-based public sector bank Central Bank of India has partnered with Veefin Solutions, India’s digital lending platform, to commence supply chain financing (SCF) operations.
  • Veefin Solutions will be the bank’s sole technology vendor, supplying an end-to-end SCF stack to support its SCF solutions.
  • This collaboration will enable the bank to offer fully digital onboarding, sanctioning, and 24×7 disbursement processes to their corporate and SME customers through Veefin’s Loan Origination System (LOS) and SCF Loan Management System.

Recent MoUs Signed in Banking Sector

  • Ujjivan Small Finance Bank partners with Veefin Solutions for MSME growth
  • Star Housing Finance partnered with Tata Capital Housing Finance to leverage domain of Star HFL in low ticket affordable housing finance space
  • Airtel Payments Bank partners with Noise and Mastercard to unveil ‘A New Way To Pay’
  • YES Bank partners with Indian Olympic Association for Paris Olympics 2024
  • SANY India signs MoU with J&K Bank to give finance solution

Appointment

Fintech start-up Perfios appoints Sridhar Narayan as Chief Business Officer

  • Fintech-focused software start-up Perfios has appointed former Adobe India’s financial services head Sridhar Narayan as its Chief Business Officer.
  • Prior to joining Perfios, Sridhar has led the banking, financial services, and insurance (BFSI) business at Adobe India.
  • Previously, he spent a decade at Microsoft, SRI, and IBM in the past.
  • Recently, Perfios made two other key appointments with Sumit Nigam as the Chief Technology Officer (CTO) and Anu Mathew as the Chief People Officer (CPO), as part of its strategic preparations for global expansion.

Bank of Maharashtra names Subhasish Roy as Chief Risk Officer

  • Bank of Maharashtra has appointed Subhasish Roy as chief risk officer for a period of 3 years on contractual basis.
  • Subhasish Roy has pursued Financial Risk Manager (FRM), MBA, M.Phil, M.Sc, CAIIB.
  • He is an Industry veteran with more than 28 years of experience in various key areas of Banking like fraud risk management, data analytics, credit risk management, operational risk & business continuity management, retail banking, corporate banking, corporate strategy & planning, and economic research & training etc.

Recent Appointment in Banking & Insurance Sector

  • MD & CEO of Axis Capital – Atul Mehra
  • CEO of Union Asset Management Company – Madhu Nair (replace G Pradeepkumar)
  • Mortgage Business Head in HDFC Bank – Sumant Rampal
  • ED at Union Bank of India – Pankaj Dwivedi
  • CMD of New India Assurance Company – Girija Subramanian

Abdel Fattah Al-Sisi Sworn in as Egyptian President for his third term

  • Abdel-Fattah al-Sisi was sworn in as the president of Egypt for a third term. He will remain the president until 2030.
  • The Egyptian President has a six-year term. President Abdel-Fattah al-Sisi took the oath of office at the headquarters of the Egyptian Parliament in the New Administrative Capital.
  • President Sisi won the presidential election held in December 2023 with 88.6% of the votes. There was hardly any serious opponent to Sisi in the Presidential election.

About Egypt

  • Capital- Cairo
  • Currency- Egyptian pound
  • Continent – Africa, Asia
  • President – Abdel Fattah El-Sisi

Newly Appointed Prime Minister & President

  • PM of Democratic Republic of Congo (DRC) – Judith Suminwa Tuluka (nation’s first female PM)
  • President of Senegal – Bassirou Diomaye Faye
  • Prime Minister of Portugal – Luis Montenegro
  • President of Indonesia – Prabowo Subianto
  • PM of Palestinian – Mohammad Mustafa

Santosh Kumar Jha appointed as CMD of Konkan Railway Corporation

  • Santosh Kumar Jha has assumed the role of Chairman and Managing Director (CMD) of the Konkan Railway Corporation Ltd. (KRCL).
  • He is an Indian Railway Traffic Services (IRTS) officer of the 1992 batch.
  • With 28 years of experience in the industry, Jha has worked in various domains, including Operations, Infrastructure Planning, and Business Development.
  • He has held leadership positions in major divisions of Railways and has led significant business units in the logistics sector.

Recent Appointment

  • President of Assocham – Sanjay Nayar (replace Ajay Singh)
  • Principal DG of the Press Information Bureau – Sheyphali Sharan (Manish Desai)
  • MD & CEO of Schaeffler India – Harsha Kadam
  • CFO of Good Glamm Group – Kamal Lath
  • Chairman of Automotive Tyre Manufacturers’ Association (ATMA) – Arnab Banerjee

Lt Gen Sidana takes over as new DG of Electronics & Mechanical Engineers

  • Lt Gen J S Sidana has taken over as the new Director General of Electronics and Mechanical Engineers (DGEME) and Senior Colonel Commandant of the Corps of EME.
  • During his career spanning over 38 years, he has held a variety of important regimental, command, instructional and staff appointments.
  • Before his present appointment, he was holding the post of Commandant of Military College of EME for a duration of two years.
  • He has been the Major General of EME of HQ Central Command and “commanded Army Base Workshop & EME Centre”.

ECI Ropes in Ayushmann Khurrana to Urge Youth to Vote

  • Actor Ayushmann Khurrana has been roped in by the Election Commission of India to urge the youngsters to vote in the upcoming Lok Sabha elections.
  • The 39-year-old actor features in the ECI’s campaign video that encourages the youth to exercise their franchise in the upcoming elections.
  • Everyone must vote and be conscious citizens by participating in the process of nation-building. The power to choose the leaders who will represent the country, represent our needs in the Parliament rests with us, the actor added.

Election Commission of India in News

  • ECI launched Saksham app to facilitate easier voting for Persons-with-Disabilities (PWDs)
  • Meta partners with ECI to identify unlawful content from its platforms
  • Google collaborates with ECI to enable voters to discover critical voting information
  • The Election Commission of India has launched a new mobile application called Know Your Candidate (KYC).
  • The Election Commission has launched a special campaign in Himachal Pradesh to boost voter turnout in 414 polling stations with less than 60% voting during the last Lok Sabha polls.

About Election Commissioner of India (ECI)

  • It is a constitutional body to conduct and regulate elections in the country.
  • It consists of a chief election commissioner (CEC) and two election commissioners (usually retired IAS or IRS officers)
  • Founded – 25 January 1950
  • 25 January – Voter’s Day
  • HQ – New Delhi
  • 1st Chief – Sukumar Sen
  • 1st Women Chief – V.S. Ramadevi
  • 25th Chief – Rajiv Kumar
  • Commissioner – Sukhbir Singh Sandhu and Gyanesh Kumar
  • Tenure – 6/65yrs

Important day

4 April – International Mine Awareness Day

  • The United Nations Observes International Mine Awareness Day on 4th April every year.
  • International Mine Awareness Day is a day dedicated to raising awareness about the serious impact of landmines and other explosive remnants of war on civilians.
  • Theme 2024 – Protecting Lives, Building Peace
  • On December 8, 2005, the UN General Assembly accepted the decision and announced April 4 of each year to be marked as the International Day for Mine Awareness and Assistance in Mine Action. It was first observed in 2006.

4 April- International Carrot Day

  • International Carrot Day is celebrated every year on 4 April.
  • This day is dedicated to the popular carrot vegetable and all the activities that are associated with it.
  • Objective – To raise awareness about the potential health benefits of carrots, including reducing the risk of cancer, heart disease, and obesity.
  • The Carrot Day was founded in 2003 to spread knowledge about the carrot and its good attributes around the world. The day is increasingly popular, and 4th April 2012 carrot day celebration was reported from France, Italy, Sweden, Russia, Australia, UK and Japan

Obituary

Tamil actor Visheshwara Rao passes away

  • Actor Visheshwara Rao, known for playing supporting roles in Tamil films, passed away at the age of 64 in Chennai.
  • Visheshwara Rao started his career as a child artiste at the age of six. He found popularity for playing the role of Laila’s innocent father in Suriya’s Pithamagan.
  • The jail scene from the film with Laila’s popular dialogue ‘Loosa Pa Nee’ is the most well-known scene of the actor. He is also known for his brief role in Madhavan’s Evano Oruvan as the annoying shop owner.
  • He has also played a comedian in many Telugu films and has acted in about 300 films in his long career. He was also part of TV serials in supporting roles.
  • Potti Pleader, Bhakta Potana, Andala Ramudu, and Sisindri Chittibabu are some of the films from his formative acting career.

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