24 April 2024 Current Affairs in English

24 April 2024 Current Affairs

24 April 2024 Current Affairs refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 24 April 2024 Current Affairs is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 24 April 2024 Current Affairs lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities.

24th April Daily Current Affairs 2024

24 April 2024 Current Affairs also provides students with insights into issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing the 24 April 2024 Current Affairs not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.

National Panchayati Raj Day 2024

National Panchayati Raj Day is celebrated annually on April 24th in India to commemorate the historic day when the 73rd Constitutional Amendment Act came into force in 1993. This amendment introduced a three-tier system of local governance in India, with Panchayati Raj Institutions (PRIs) at the village, block, and district levels.

Panchayati Raj Day continues to be a crucial reminder of the role PRIs play in rural development and India’s democratic framework. It serves as a call to action for continued efforts towards empowering local communities and ensuring inclusive and sustainable rural development. Read the complete article here.

International Day of Multilateralism and Diplomacy for Peace 2024

April 24 is observed globally as the International Day of Multilateralism and Diplomacy for Peace. Endorsed by the United Nations, this day emphasizes the importance of diplomatic engagement and multilateral action in addressing global issues like climate change, poverty, and conflict.

World Immunization Week 2024 (24-30 April)

Every year for World Immunization Week, the last week of April, the global immunization community celebrates the lifesaving power of vaccines. The 2024 theme, Humanly Possible, celebrates 50 years of the World Health Organization’s Expanded Program on Immunization (EPI). The day also aims to promote the use of vaccines to protect people of all ages against disease.

In May 2012, the World Health Assembly, the body that makes decisions for the World Health Organization (WHO), approved World Immunisation Week. More than 180 nations took part in the inaugural World Immunisation Week, which was held in 2012.

Extreme weather conditions may pose risk to inflation: RBI Bulletin

The Reserve Bank of India’s April bulletin has said that conditions are shaping up for an extension of a trend upshift in real GDP growth, backed by strong investment demand and upbeat business and consumer sentiments. The article titled ‘State of the Economy’ says that CPI inflation settled at 4.9% in March after averaging 5.1% in the preceding two months.

Another article ‘Food and Fuel Prices: Second Round Effects on Headline Inflation in India’ claims that the impact of food shock on core inflation has reduced over time while that of fuel shock has increased recently. It adds that the second-round effects of food and fuel inflation on headline inflation have become subdued, especially after the adoption of inflation targeting.

The bulletin has also published an article on ‘India’s Foreign Exchange Reserves in High Volatility Episodes: ‘An Empirical Assessment’. This article analyzes the trend in India’s foreign exchange reserves during major high-volatility episodes like the Global Financial Crisis, the Eurozone debt crisis, the US-China trade war, the recent Russia-Ukraine conflict & US monetary policy.

It indicates that the Reserve Bank has managed to contain rupee volatility and keep forex markets largely stable in all high-volatility episodes. It adds that rupee volatility has remained lowest among currencies of major emerging and advanced economies, despite unprecedented headwinds, especially during the Russia-Ukraine war.

Net FDI in India dips to $14.55 billion in April 2023-Februray 2024

In the same period last year (April 2022-February 2023), FDI inflows were at $ 39.61 billion, while outflows had touched $12.90 billion during the same period.

Repatriation/disinvestment by those who made direct investments in India rose to $38.30 billion in the 11-months of FY24 from $27.17 billion in April 2022-February 2023, according to RBI data.

According to the “State of Economy” report in RBI’s monthly bulletin for April 2024, more than 60 per cent of the FDI equity flows were directed towards manufacturing, computer services, electricity and other energy, retail and wholesale trade, and financial services.

The major source countries were Singapore, Mauritius, the US, the Netherlands, Japan and the UAE, accounting for around 80 per cent of the flows. India ranked fourth among Emerging Market Economies (EMEs) in the 2024 FDI Confidence Index, reflecting continued optimism over its growth potential.

DRDO develops the lightest Bullet Proof Jacket in the country for protection against the highest threat level of BIS ammunition

The Defence Research and Development Organisation, DRDO has successfully developed the lightest bulletproof Proof Jacket in the country for protection against the highest threat Level 6 of BIS ammunition. Recently, this bulletproof jacket was successfully tested at TBRL, Chandigarh.

Ministry of Defence in a statement said that this jacket is based upon a new design approach, where novel material along with new processes has been used. It added that the front Hard Armour Panel (HAP) of this jacket defeats multiple hits. The ergonomically designed front HAP is made up of a monolithic ceramic plate with polymer backing which enhances wearability and comfort.

C-DOT and IIT Jodhpur sign agreement for “Automated Service Management in Network of 5G and Beyond Using AI”

C-DOT, the premier Telecom R&D Centre of the Department of Telecommunications (DoT), Government of India and Indian Institute of Technology, Jodhpur (IIT-J) signed an agreement for “Automated Service Management in 5G and Beyond Networks Using AI”.

The agreement is signed under the Telecom Technology Development Fund (TTDF) of the DoT, which is designed to provide funding support to domestic companies and institutions involved in technology design, development, and commercialization of telecommunication products and solutions to enable affordable broadband and mobile services in rural and remote areas.

The primary objective is to develop AI frameworks for automated network management, fault detection, and diagnostic techniques by utilizing continuous information generated within a network like 5G.

Microsoft launches lightweight artificial intelligence model Phi-3-mini

Microsoft launched a lightweight artificial intelligence model, as it looks to attract a wider client base with cost-effective options. The new version called Phi-3-mini is the first of the three small language models to be released by the company, as it stakes its future on a technology that is expected to have a wide-ranging impact on the world and the way people work.

SBI Card introduces inaugural travel-centric core credit card ‘MILES’

SBI Card introduced its inaugural travel-centric core credit card, ‘SBI Card MILES. The card promises comprehensive travel benefits, including the conversion of Travel Credits to Air Miles and Hotel Points, enhanced rewards on all travel bookings, and access to airport lounges. The bank has partnered with more than 20 leading airline and hotel brands.

PayU gets RBI’s in-principle approval to operate as a payment aggregator

Prosus-backed fintech PayU received an in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator. In January last year, the banking regulator had asked the fintech company to reapply for a payment aggregator licence. The company’s complex corporate structure was one reason why the RBI asked it to reapply for the licence.

Ratan Tata receives prestigious KISS Humanitarian Award

Industrialist and philanthropist Ratan Tata, was honoured with the prestigious Kalinga Institute of Social Sciences (KISS) Humanitarian Award 2021, for his commitment towards social development and corporate leadership. The award was presented by Achyuta Samanta, the founder of the Kalinga Institute of Industrial Technology and KISS and an MP from Kandhamal.

Razorpay Launches UPI Switch With Airtel Payments Bank

Fintech major Razorpay, in partnership with Airtel Payments Bank, has forayed into UPI infrastructure service by offering UPI Switch to its customers.

The company will now provide its UPI Switch service to Airtel Payments Bank, enabling it to manage UPI transactions on the payments bank’s platform. The solution can handle up to 10,000 transactions per second (TPS).

10 MDBs Jointly Launch Global Co-financing Platform

10 multilateral development banks have joined forces to launch a digital initiative that aims to transform the development finance landscape, potentially unlocking substantial additional financing. The Global Collaborative Co-financing Platform, will be a digital marketplace that brings together a curated list of projects seeking co-financing from participating institutions

Asian Infrastructure Investment Bank and the World Bank, along with the African Development Bank, Asian Development Bank, Council of Europe Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, Islamic Development Bank and New Development Bank are joining at this initial stage for collaboration.

Max Verstappen canters to victory at Chinese Grand Prix: F1

Red Bull’s Max Verstappen won the first Chinese Grand Prix in five years, the fifth round of the 2024 Formula 1 World Championship, in Shanghai. Verstappen beat McLaren’s Lando Norris and Red Bull team-mate Sergio Perez in a race that was twice interrupted by the safety car.

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