4 May 2024 Current Affairs in English

4 May 2024 Current Affairs

4 May 2024 Current Affairs refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 4 May 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 4 May 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.

4th May Daily Current Affairs 2024

04 May 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 4 May 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.

Coal Miners Day 2024

Every May 4, India celebrates Coal Miners Day to give a shout-out to the hardworking folks who dig deep into the earth to get us coal. Coal is super important for making power, steel, and cement. Today, we thank the coal miners who go through a lot to get us this precious resource.

World Coal Miners Day is a chance for all of us to stop and appreciate the good things in our lives made possible by coal miners. The best way to celebrate is by visiting a local mine, understanding miners’ hard work, and saying a big thank you. Read the complete article here.

International Firefighters Day 2024

International Firefighters’ Day is observed every year on May 4, and this time, it will be observed on Saturday. On December 2, 1998, members of the Geelong West Fire Brigade answered a call to aid firefighters combating a wildfire in Linton, Victoria, Australia. It also serves as a day of remembrance for firefighters who lost their lives protecting others.

2nd Session of India-Nigeria Joint Trade Committee held in Abuja

A seven-member delegation from India led by the Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, accompanied by the High Commissioner of India to the Federal Republic of Nigeria, and Economic Adviser, Department of Commerce, Ms. Priya P. Nair held a Joint Trade Committee (JTC) meeting with their Nigerian counterparts in Abuja from 24 April-30 April 2024

Nigeria is a major partner- the 2nd largest trading partner of India in the African region. Bilateral trade between India and Nigeria stood at USD 11.8 billion in 2022-23.In the year 2023-24, the bilateral trade stands at 7.89 billion showing a declining trend. With a total investment of USD 27 Billion, approximately 135 Indian companies are actively engaged in Nigeria’s vibrant.

Paytm Money Poised for Leadership Shift as Varun Sridhar Steps Down, Rakesh Singh named as New CEO

Paytm Money, the wealth management arm of One97 Communications, named Rakesh Singh, a seasoned banking professional and former CEO of Fisdom’s broking division, as the new Chief Executive Officer (CEO), after Varun Sridhar stepped down from the post.

India’s services exports growth enters slow lane in FY24: RBI data

After recording double-digit growth for two consecutive years, India’s services exports decelerated in FY24 to a three-year low, with a modest increase of 4.9% to $341.1 billion, data released by the Reserve Bank of India showed.

However, net services exports grew at a robust pace of 13.6% to $162.8 billion as services imports contracted 2% to $178.3 billion during the financial year ended March 31. In FY24, merchandise exports had contracted 3.2% to $437.1 billion, leading to a trade deficit of $240.2 billion, data released by the commerce ministry last month showed.

The latest round of RBI’s survey of Professional Forecasters on Macroeconomic Indicators projects the CAD to GDP ratio at 1.2% and 1.1% for FY25 and FY26.

Ujjivan Small Finance Bank names Carol Furtado as Executive Director

Ujjivan Small Finance Bank has named Carol Furtado as Executive Director, effective May 1, 2024. The decision was approved by the Reserve Bank of India (RBI), marking a strategic move for the bank as it seeks to enhance its operational prowess and strategic direction.

Furtado’s tenure with Ujjivan SFB dates back to its inception, where she has held pivotal roles, including Chief Human Resource Officer, Head of Operations and Service Quality, and Chief Business Officer (CBO). The bank anticipates seeking shareholders’ approval at its upcoming 8th Annual General Meeting (AGM).

C2FO’s TReDS platform goes live with SBI, Dabur India as the first participants

C2FO, a leading on-demand working capital platform, one of its platforms, that addresses liquidity challenges faced by MSMEs, has gone live with State Bank of India and Dabur India, as inaugural participants. This follows the recent approval received by C2FO’s wholly-owned subsidiary, C2FO Factoring Solutions Private, from the Reserve Bank of India (RBI), to operationalize the TReDS.

TReDS, an initiative introduced by the RBI and backed by the Ministry of Micro, Small & Medium Enterprises (MSME), addresses the liquidity & working capital challenges MSMEs face.

TReDS serves as an electronic platform facilitating the financing and discounting of trade receivables of MSMEs through multiple financiers. About 50,000 Indian MSMEs are part of C2FO’s India network. Founded in 2008, and headquartered in Kansas City (USA), C2FO has delivered more than USD 300 billion in funding worldwide.

BlackRock and Saudi PIF Forge $5 Billion Investment Pact

BlackRock, a US asset management firm, and Saudi Arabia’s Public Investment Fund (PIF) sign a non-binding Memorandum of Understanding (MoU) to establish a multi-asset class investment platform in Riyadh, with an initial investment of up to $5 billion from the $700 billion Saudi sovereign wealth fund.

The platform, known as BlackRock Riyadh Investment Management (BRIM), would include investment strategies across various asset classes, according to a PIF statement issued on May 1 following the signing of a memorandum of understanding for the plan.

---

• 
  CAIIB Admit Card 2024 Out, Call Letter Direct Download Link
• 
  CAIIB BFM Exam Analysis 2024, Shift 1 & 2 – 01 December 2024
• 
  JAIIB Result 2024, Direct Link to Download
• 
  SSC MTS Answer Key 2024 Out, Download Response Sheet
• 
  SSC MTS Answer Key 2024 Out, Last Date To Raise Objection
• 
  NICL Assistant Expected Prelims Cut Off 2024, Previous Year Cut Off Marks