8 January Current Affairs 2024
8 January Current Affairs 2024 refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 8 January Current Affairs 2024 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 8 January Current Affairs 2024 lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities.
8 January Current Affairs 2024 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 8 January Current Affairs 2024 not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.
ArcelorMittal partners with IIT Madras to create Asia’s first Hyperloop facility
ArcelorMittal has announced that it has established a partnership with the Indian Institute of Technology Madras (IIT Madras) and is working closely with IIT Madras’ Hyperloop Technology teams – Avishkar Hyperloop, student team and TuTr Hyperloop, a start-up incubated at IIT Madras, which are developing cost-effective Hyperloop technologies for passenger and cargo mobility.
52% drop in toy imports in 8 years, 239% jump in exports: Commerce Ministry
The Indian toy industry witnessed growth in FY2022-23 in comparison to FY2014-15, with a decline in imports by 52%, and a rise in exports by 239%.
These observations were noted in a case study on “Success Story of Made in India Toys”, which was conducted by the IIM Lucknow at the behest of the Department for Promotion of Industry and Internal Trade (DPIIT).
Health Ministry notifies revised Pharma manufacturing rules under schedule M to ensure quality control
The Union Health Ministry notified revised rules under Schedule M of the Drugs and Cosmetics Rules, 1945.
Schedule M prescribes the Good Manufacturing Practices (GMP) for pharmaceutical products and the revised Schedule M has been notified as rules to ensure GMP is adhered to, and requirements of premises, plant, and equipment for pharmaceutical products.
Vietnam’s VinFast unveils $2 billion investment for integrated electric-vehicle manufacturing facility in Tamil Nadu
The company has earmarked an initial investment of $500 million, the EV giant said in a statement, for the first phase of the project, spanning five years in Thoothukudi.
VinFast also stated that it anticipates its Indian EV project to evolve into a “first-class EV production hub” in the region, with an annual capacity of up to 150,000 vehicles.
Aditya L1 reaches the destination and successfully enters the halo orbit
The Indian Space Research Organisation (ISRO) on Saturday successfully placed Aditya L1, the country’s first space-based solar observatory, into a halo orbit around its intended destination: the Sun-Earth Lagrangian Point L1.
India’s maiden solar mission Aditya-L1 reached the L1 point on January 6, 127 days after it was launched on September 2, 2023.
India’s GDP likely to grow by 7.3% in FY24: NSO data
India’s economy is projected to grow at 7.3% in the ongoing financial year, as per the initial advance estimate report released by the National Statistical Office (NSO).
At that pace, India will retain its crown as the fastest-growing major economy, following its 7.2% GDP growth in FY2022-23.
In nominal terms, though, the projected growth for FY24 is 8.9%.
UN report revises India’s GDP projection downward to 6.2% for 2024
The United Nations World Economic Situation and Prospects Report 2024 revised India’s gross domestic product (GDP) growth estimate for the 2024 calendar year to 6.2%, compared to 6.7% earlier.
Despite revising the growth estimates for 2024 downward by 0.5 percentage points, the report projects a rebound in 2025, with a GDP growth projection of 6.6%.
Sh. Gadkari unveils Rs 1,464 crore highway projects in Kerala
Union Minister for Road, Transport and Highways, Nitin Gadkari has inaugurated and laid the foundation stone of 12 National Highway projects in Kerala with an investment of over Rs 1,464 crore.
The total highway length of 105 km is poised to generate substantial employment opportunities, both directly and indirectly, fostering socio-economic growth in Kerala.
India beats Taiwan in MSCI EM index weightage to be second after China
In terms of weightage, India now ranks second behind China in the MSCI Emerging Markets index, solidifying its reputation as one of the most promising emerging markets in the world to invest in. India’s weightage has now surpassed that of Taiwan. India’s MSCI Emerging Markets index surged from 7% to 17.1% in eight years.
Govt amends PM-eBus Sewa tender, adds 100 low-floor buses
The Union government has recently amended a tender for the procurement of 3,600 electric buses, the first batch under the PM-eBus Sewa scheme launched in 2023, to include 100 low-floor buses that are more accessible to persons with disabilities compared to the ones with the standard floor.
In a first, India to launch GSAT-20 satellite on SpaceX Falcon 9 rocket
NewSpace India Ltd (NSIL), the ISRO’s commercial arm, announced its plan to launch communication satellite GSAT-20 onboard Elon Musk-owned SpaceX’s Falcon-9 rocket.
GSAT-20 (renamed as GSAT-N2) is a high-throughput Ka-band satellite. Ka-band satellites deliver high-speed broadband internet connectivity and digital video and audio transmission.
81st annual Golden Globes Awards: ‘Oppenheimer’ wins ‘Best Drama’ movie award, Cillian Murphy bags Best Actor award
The film ‘Oppenheimer’ won the Golden Globe Award for Best Drama Movie. Additionally, Cillian Murphy won a Golden Globe for Best Drama Film Actor for his role as the father of the atomic bomb in Christopher Nolan’s blockbuster.
Oppenheimer’s eight nominations at the Golden Globes were only topped by Barbie’s nine.
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