14 & 15 April 2024 Current Affairs:

14 & 15 April 2024 Current Affairs:

DAILY-CURRENT-AFFAIRS-BY-EDUSPRINT

National NEWS

India Sets Ambitious Coal Production Target for 2024-25:

  • The Indian government aims to produce 170 million tonnes of coal from captive and commercial coal blocks in the 2024-25 financial year, marking a 26% increase from the previous year’s production of 116 million tonnes.
  • Coal India Limited, a government-owned entity, has a target of producing one billion tonnes of coal from its mines during the same period.
  • The coal sector in India was nationalized under the Coal Mines (Nationalisation) Act of 1973, with Coal India Limited and its subsidiaries initially holding a monopoly over coal production.
  • Private sector participation in coal mining began with amendments to the act in 1993, allowing for captive coal mining by private companies engaged in specific industries like iron and steel production, power generation, and cement manufacturing.

Banking NEWS

Revolut Receives In-Principle Approval from RBI for Prepaid Payment Instruments License:

  • Revolut India secures in-principle authorization from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI), including prepaid cards and wallets.
  • The approval allows Revolut to operate domestically in the Indian market.
  • Revolut already holds licenses from RBI as a Category-II Authorised Money Exchange Dealer (AD II) for multi-currency forex cards and cross-border remittance services.
  • This positions Revolut uniquely in India, offering both international and domestic payment solutions on a single platform.
  • Revolut, a London-based neobank and fintech firm, has been preparing for its entry into the Indian market, collaborating with RBI over the past two years.
  • India marks the only market where Revolut is launching a localized version of its app.

RBI: Reserve Bank Of India

  • Founded: 1 April 1935, Kolkata
  • Governor: Shaktikanta Das,

Economy NEWS

India Surpasses China in Digital Services Exports WTO Report Highlights:

  • India emerges as a leader in digital services exports, surpassing China in 2023.
  • India’s digitally delivered services exports reached USD 257 billion, marking a 17% increase from the previous year.
  • Growth outpaces Germany and China, with rates at 4% each.
  • Globally, digitally delivered services contributed USD 4.25 trillion to exports, comprising 13.8% of global exports of goods and services.
  • Europe and Asia experienced significant export growth, at 11% and 9%, respectively.

World trade organisation:

  • Founded: 1 January 1995
  • Headquarters: Geneva, Switzerland
  • Director General: Ngozi Okonjo-Iweala

Moody’s Analytics Report: India’s GDP Expected to Decrease in 2024:

  • India’s Gross Domestic Product (GDP) projected to decrease to 6.1% in 2024 from 7.7% growth recorded in 2023, according to the report titled “APAC Outlook: Listening Through the Noise” by Moody’s Analytics.
  • Output in India remains 4% lower than pre-pandemic levels due to COVID-19 and its aftershocks, including supply disruptions and global military conflicts.
  • Economies in the South and Southeast (SE) Asia region expected to experience strong output gains in 2024, although delayed post-pandemic rebound impacts performance.
  • Overall, the Asia-Pacific (APAC) region forecasted to grow by 3.8% in 2024, while global economy expected to grow by 2.5%.

Science and Tech NEWS

Swiggy Pawlice: A New Initiative Empowering Pet Parents

  • Swiggy introduces “Swiggy Pawlice,” allowing pet owners to report missing pets via the Swiggy app.
  • Utilizes Swiggy’s delivery network to aid in the search for lost pets.
  • Launched in the presence of Shantanu Naidu, General Manager of Tata Trusts, and other pet owners.
  • CEO Rohit Kapoor highlights personal understanding of the anxiety associated with lost pets, emphasizing the initiative’s significance.

Swiggy:

  • Headquaters: Bangalore
  • CEO Rohit Kapoor

Gagandeep Kang Receives 2024 John Dirks Canada Gairdner Global Health Award:

  • Indian microbiologist and virologist Gagandeep Kang is honored with the prestigious John Dirks Canada Gairdner Global Health Award by the Toronto-based Gairdner Foundation on April, 2024.
  • Kang becomes the first Indian woman to receive this esteemed award, which recognizes her outstanding contributions to global health research.
  • The award acknowledges Kang’s extensive research on enteric diseases in children, encompassing cohort-based epidemiological, environmental, and clinical trials.
  • Kang’s work has significantly influenced vaccine development and health policy both in India and internationally, marking a notable impact on public health initiatives.
  • This recognition is part of the 2024 Canada Gairdner Awards, celebrating the world’s leading biomedical and global health researchers.

About John Dirks Canada Gairdner Global Health

Award:
The John Dirks Canada Gairdner Global Health Award is annually awarded to the researchers who used rational, scientifically based research which has improved the health and well-being of people who face health inequities across the globe.

Avi Wigderson Receives 2023 ACM A.M. Turing Award:

  • Israeli mathematician and computer scientist Avi Wigderson named the recipient of the 2023 ACM A.M. Turing Award, known as the “Nobel Prize of Computing.”
  • Wigderson holds the Herbert H. Maass Professorship at the Institute for Advanced Study (IAS) in Princeton, New Jersey, USA.
  • Awarded for foundational contributions to the theory of computation, particularly in reshaping the understanding of randomness in computation and mathematics, and for intellectual leadership in theoretical computer science.
  • The ACM A.M. Turing Award comes with a cash prize of USD 1 million.
  • This award is given by USA 1st award is given in 1966.

Appointment NEWS

Sr IPS Officer Anurag Kumar Appointed Joint Director of CBI:

  • Anurag Kumar, a senior IPS officer of the 2004 batch from the Assam-Meghalaya cadre, has been appointed as the Joint Director of the Central Bureau of Investigation (CBI).
  • The appointment was made according to an order from the Personnel Ministry.
  • Prior to this role, Kumar was serving in the Bureau of Police Research and Development (BPR&D).
  • His appointment comes as a significant development in the CBI’s leadership structure, bringing his extensive experience and expertise to the agency.

CBI:

  • Founded: 1 April 1963
  • Headquarters: New Delhi
  • Founder: Government of India

Suryoday Small Finance Bank Appoints Deepak Sharma as Independent Director:

  • Deepak Sharma, a seasoned CXO Advisor and Tech Entrepreneur, has been appointed as an Independent Director on the Board of Suryoday Small Finance Bank, effective April 2024.
  • Sharma’s appointment is seen as a strategic move by the bank to navigate the evolving landscape of financial services in India.
  • With over 15 years of distinguished service at Kotak Mahindra Bank, where he served as the President and Chief Digital Officer, Sharma brings extensive experience in digital strategies, platforms, and marketing to his new role.

Suryoday Small Finance Bank

  • Headquarters: Thane, Maharashtra
  • Founded: 2008

Bjarni Benediktsson Assumes Office as Prime Minister of Iceland:

  • Bjarni Benediktsson, chairman of Iceland’s Independence Party, becomes Prime Minister of Iceland on April, 2024, succeeding Katrín Jakobsdóttir.
  • Benediktsson previously served as Minister for Foreign Affairs since October 2023.
  • Benediktsson takes over the role after Jakobsdóttir’s resignation to pursue candidacy for President of Iceland.

Iceland country:

  • Capital: Reykjavík
  • President: Guðni Thorlacius Jóhannesson 

Sports NEWS

Rohit Sharma Becomes First Indian to Hit 500 T20 Sixes, Records 2nd IPL Century Despite Loss:

  • Rohit Sharma, representing Mumbai Indians (MI) in the IPL, becomes the first Indian cricketer to hit 500 sixes in T20 cricket.
  • He achieved this milestone during an IPL match against Chennai Super Kings (CSK) at the Wankhede Stadium.
  • Despite his remarkable performance, including his 2nd IPL century, MI lost the match against CSK.
  • Rohit’s six tally now stands at 502, solidifying his reputation as one of the most prolific hitters in the T20 format.

Indian Players Triumph at Kazakhstan International Challenge 2024 Badminton Tournament:

  • Anupama Upadhyaya and Tharun Mannepalli clinch the women’s and men’s singles titles, respectively, at the Kazakhstan International Challenge 2024 Badminton tournament held in Uralsk, Kazakhstan
  • Tharun Mannepalli from Telangana secures his first senior circuit title by defeating Soong Joo Ven of Malaysia in the men’s singles final, previously being the runner-up in the 2023 Badminton national championship.
  • Anupama Upadhyaya, former Junior World No. 1 from Uttarakhand, emerges victorious in the all-Indian women’s singles final by defeating Isharani Baruah.
  • This win marks Anupama’s second international title in 2024, following her victory at the Polish Open (Poland).
  • Anupama has previously claimed titles at the India International Challenge 2021, Tajikistan International Series 2023, and Polish Open in 2022 and 2024.

Winners:

TypeWinnerRunner
Men’s SingleTharun Mannepalli (India)Soong Jo Oven (Malaysia)
Women’s SinglesAnupama Upadhyaya (India)Isharani Baruah (India)
Men’s DoublesLucas Corvee And Ronan Labar (France)Kakeru Kumagai And Hiroki Nishi (Japan)
Women’s DoublesKaho Osawa And Mai Tanabe (Japan)Poline Buhrova And Yevheniia Kantemyr (Ukraine)
Mixed DoublesWong Tien Ci And Lim Chiew Sien (Malaysia)Sanjai Srivatsa Dhanraj And Maneesha (India)

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