Table of Contents
National News
Mansukh Mandaviya’s Plan to End Urea Imports by 2025
India aims to halt urea imports by the end of 2025 by boosting domestic production and promoting alternative fertilizers. This is in response to the nation’s significant reliance on imports, which currently satisfy around 30% of its annual urea demand.
Appointment News
Meenesh Shah Elected as Chairman of NCDFI
The National Cooperative Dairy Federation of India Ltd. (NCDFI), the national-level apex dairy cooperative, has elected its new Board of Directors. In the elections held, Dr. Meenesh Shah was unanimously chosen as the new Chairman of the organization.
Banking News
RBI Imposes Penalties on IDFC First Bank and LIC Housing Finance
The Reserve Bank of India (RBI) has imposed monetary penalties on two financial institutions – IDFC First Bank and LIC Housing Finance – for non-compliance with various regulations. The RBI has imposed a penalty of ₹1 crore on IDFC First Bank for non-compliance with certain directions on ‘Loans and Advances – Statutory and Other Restrictions’. The Statutory Inspection for Supervisory Evaluation for the financial year 2022 revealed that the bank had sanctioned term loans to a public sector undertaking for financing infrastructure projects without proper due diligence on the viability and bankability of the projects.
RBI Postpones Implementation of New Rules for Exchange-Traded Forex Derivatives
The Reserve Bank of India (RBI) has deferred the implementation of new regulations governing exchange-traded forex derivatives to May 3. These regulations, initially set to take effect imminently, aim to ensure participants in the market have genuine foreign-exchange exposure. However, the delay has prompted brokerages to urge clients to close out contracts, anticipating significant changes in market dynamics.
J&K Bank Introduces Virtual ATM Facility in Collaboration with Paymart India
In a strategic partnership aimed at enhancing banking convenience, J&K Bank has teamed up with Paymart India Pvt Ltd to launch a Virtual ATM (VATM) facility. This innovative service enables cardless cash withdrawals for customers through local retailers, particularly benefiting areas like Jammu & Kashmir and Ladakh where accessibility to traditional ATMs may be limited.
RBI Projects CPI Inflation at 4.5% for FY25
During the RBI Monetary Policy Committee (MPC) announcement, Governor Shaktikanta Das emphasized the importance of maintaining moderate inflation to ensure economic stability. The projected CPI inflation for the fiscal year 2024-25 (FY25) stands at 4.5%, with fluctuations across quarters.
Defence News
Enhancing Air Defence Capabilities: Indian Army Inducts Akashteer System
The Indian Army has commenced the induction of the indigenous Akashteer system, marking a significant advancement in its air defence capabilities. This automated air defence control and reporting system, developed by Bharat Electronics Limited (BEL), aims to integrate the army’s air defence units for enhanced operational efficiency.
Awards News
SJVN Awarded for Outstanding Corporate Social Responsibility
SJVN Limited, a leading public sector undertaking, has been honored with two prestigious awards at the 15th CIDC Vishwakarma Awards 2024. The awards were given by the Construction Industry Development Council (CIDC) in recognition of SJVN’s remarkable contributions to corporate social responsibility (CSR).
Schemes and Committees News
Former Judge Najmi Waziri to Head Committee for Delhi Forest Protection
The Delhi High Court has appointed former judge Najmi Waziri to lead a committee focused on safeguarding the forests in the national capital. This decision follows concerns about various government departments not fully cooperating with efforts to protect these vital natural resources.
Sports News
Bilquis Mir: The First Indian Woman on the Paris Olympics Jury
Bilquis Mir, a canoeist from Jammu and Kashmir, is set to make history as the first woman from India to represent the country as a jury member at the upcoming Summer Olympics in Paris. This prestigious appointment was officially conveyed through a letter from the Indian Olympic Association (IOA) to the J&K administration.
Summits and Conferences News
UAE’s Masdar to Host World Future Energy Summit
Masdar, the UAE’s prominent clean energy company, is set to host the World Future Energy Summit (WFES) from April 16 to 18 at the Abu Dhabi National Exhibition Centre (ADNEC). This summit serves as a pivotal global event focusing on future energy, clean technology, and sustainability, featuring various discussions, forums, and activations.
Important Days
International Day of Sport for Development and Peace 2024
Every year on April 6th, the world celebrates the International Day of Sport for Development and Peace (IDSDP). This day is dedicated to recognizing the positive impact that sports and physical activity can have on people’s lives and communities around the globe. The global theme for IDSDP 2024 is “Sport for the Promotion of Peaceful and Inclusive Societies”. This emphasizes the unique ability of sports to unite people, foster social change, and contribute to sustainable development and lasting peace.
National Handmade Day 2024, Date, Significance and History
National Handmade Day is an annual celebration held on the first Saturday of April, which this year falls on April 6, 2024. This day is dedicated to honoring, appreciating, and recognizing the skilled individuals who create handmade goods. The theme for National Handmade Day 2024 is ‘Buy a Handmade Product’. This day encourages people to support local businesses and artisans by purchasing handmade items.
National Library Day 2024, Date, History and Significance
National Library Day is an annual celebration held on April 6th to honour the vital roles that libraries and librarians play in our communities. This day provides an opportunity to reflect on the significance of reading and the need to make books and knowledge accessible to all. Libraries have been a cornerstone of human civilization for centuries, serving as repositories of knowledge and centers of learning. Despite the rise of the internet, libraries continue to thrive and remain essential institutions in our modern world.
Miscellaneous News
Excavation Unearths 5,200-Year-Old Harappan Settlement in Kachchh, Gujarat
In a collaborative project involving researchers from Kerala University and various other institutions, a significant archaeological excavation has revealed a 5,200-year-old Harappan settlement at Padta Bet, near Khatiya village in Kachchh district, Gujarat. Led by assistant professors Abhayan G.S. and Rajesh S.V. from Kerala University’s Department of Archaeology, the expedition uncovered crucial evidence shedding light on the cultural formation of Early Harappan settlements in the region.
06th April CURRENT AFFAIRS 2024 | ALL EXAMS IMP. CURRENT AFFAIRS | ASHISH GAUTAM SIR
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