Daily Current Affairs April 01

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Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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April 01 | Daily Current Affairs 2024

Important Days – Daily Current Affairs April 01

1. What is Utkal Divas also known as?
A) Bihar Foundation Day
B) Odisha Foundation Day
C) Bengal Renaissance Day
D) Madras Heritage Day
E) Gujarat Establishment Day
Answer: B) Odisha Foundation Day

Event and Location:

• Utkal Divas, celebrated on April 1st every year, marks the Odisha Foundation Day.
• It commemorates the state’s formation in 1936 and is observed with various cultural and official events throughout Odisha.

Mandates and Objectives:

• Celebration of State Formation: Utkal Divas celebrates the historic day when Odisha was established as a separate state based on linguistic identity in 1936, after a long struggle for recognition.
• Preservation of Cultural Identity: The day is significant for highlighting Odisha’s rich cultural heritage, including its classical dance forms like Odissi, folk traditions, and unique cuisine.
• Promotion of Unity and Pride: It fosters a sense of unity among Odias and encourages pride in their state’s achievements, history, and cultural legacy.

Important Terms Explained:

• Utkal Divas/Odisha Foundation Day: Commemorates the formation of Odisha as a separate state on April 1, 1936.
• Odissi Dance: A classical dance form from Odisha known for its fluid movements, expressive gestures, and intricate storytelling.
• Dalma: A traditional Odia dish made of lentils and vegetables, symbolizing the state’s culinary culture.

Tabular Summary:

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2. What significant milestone did the Reserve Bank of India (RBI) celebrate, as highlighted by Prime Minister Narendra Modi?
A) 75th Anniversary
B) 80th Anniversary
C) 85th Anniversary
D) 90th Anniversary
E) 100th Anniversary
Answer: D) 90th Anniversary

Event and Location:

• The Reserve Bank of India (RBI) celebrated its 90th anniversary in Mumbai at the National Centre for the Performing Arts (NCPA).
• The event was marked by the presence of dignitaries like RBI Governor Shaktikanta Das, Finance Minister Nirmala Sitharaman, and Prime Minister Narendra Modi, who unveiled a commemorative coin for the occasion.

Mandates and Objectives:

• Strengthening Financial Resilience: Governor Shaktikanta Das highlighted the RBI’s efforts in enhancing the resilience of the Indian financial sector by adapting to new trends and implementing preventive measures.
• Focus on Digital Transactions and Financial Inclusion: Prime Minister Modi emphasized the need for the RBI to continue focusing on advancing digital transactions and financial inclusion, particularly mentioning the global recognition of UPI (Unified Payments Interface).

Important Terms Explained:

• UPI (Unified Payments Interface): A real-time payment system that allows instant transfer of funds between two bank accounts on a mobile platform, developed by the National Payments Corporation of India (NPCI).
• CBDC (Central Bank Digital Currency): A digital form of a country’s fiat currency, which is issued and regulated by the central bank.

Tabular Summary:

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3. What is the significance of the National Maritime Week celebrated from March 29 to April 5?
A) To celebrate India’s independence
B) To honour India’s contribution to the global maritime industry
C) To commemorate the maiden voyage of ‘S.S. Loyalty’
D) To promote tourism in India’s coastal regions
E) To increase awareness about marine pollution
Answer: C) To commemorate the maiden voyage of ‘S.S. Loyalty’

Event and Location:

• The National Maritime Week, observed from March 29 to April 5, is a weeklong celebration that pays tribute to India’s seafarers and commemorates the historic voyage of India’s first steamship, ‘S.S. Loyalty’, which sailed from Mumbai to London on its maiden voyage in 1919.
• This event marked the beginning of India’s venture into international waters and is celebrated as ‘National Maritime Day’.

Mandates and Objectives:

• Tribute to Seafarers: The celebration honors the invaluable contributions of India’s seafarers who play a crucial role in sustaining the global supply chain.
• Promotion of Maritime Industry: The events during the National Maritime Week highlight the progress and contributions of the Indian Maritime Industry to the country’s GDP since Independence.

Important Terms Explained:

• National Maritime Day: April 5th, commemorating the maiden voyage of ‘S.S. Loyalty’, symbolizes India’s entry into the realm of international maritime trade.
• Maritime India Vision 2030: A strategic initiative aimed at enhancing India’s stature as a premier seafaring nation through improvements in education, research, and training within the maritime sector.

Tabular Summary:

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Sports – Daily Current Affairs April 01

4. Who won the Miami Open doubles crown in 2024?
A) Ivan Dodig and Austin Krajicek
B) Rohan Bopanna and Matthew Ebden
C) The Bryan Brothers
D) Pierre-Hugues Herbert and Nicolas Mahut
E) Juan Sebastian Cabal and Robert Farah
Answer: B) Rohan Bopanna and Matthew Ebden

Event and Location:

• Rohan Bopanna and Matthew Ebden clinched the Miami Open doubles title in 2024. The tournament was held in Miami, Florida, where the Indo-Australian duo showcased a remarkable comeback to win the championship against the second seeds, Ivan Dodig and Austin Krajicek, in a match that extended over 100 minutes.

Mandates and Objectives:

• Comeback Victory: Bopanna and Ebden demonstrated resilience by bouncing back from a set down to secure the win in a high-stakes final.
• Season Success: This victory marks their second title of the year and their success in reaching three finals in 2024, highlighting their exceptional form and partnership.
• Record-Breaking Achievement: Rohan Bopanna set a new record as the oldest player to win a Masters 1000 title, surpassing his own record from the previous year.

Important Terms Explained:

• Masters 1000: A category of nine annual tennis tournaments that rank among the most prestigious events in the men’s professional tennis circuit, just below the four Grand Slam tournaments.
• ATP Doubles Rankings: A merit-based ranking system for determining the best doubles tennis players in the world.

Tabular Summary:

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5. Who won the Hockey India Balbir Singh Sr. Award for Player of The Year 2023 in the men’s category?
A) Hardik Singh
B) Harmanpreet Singh
C) PR Sreejesh
D) Abhishek
E) Araijeet Singh Hundal
Answer: A) Hardik Singh

Event and Location:

• The Hockey India 6th Annual Awards 2023 were held in New Delhi, where the National Federation celebrated the achievements of India’s hockey stars.
• Hardik Singh was awarded the Hockey India Balbir Singh Sr. Award for Player of The Year 2023 in the men’s category.

Mandates and Objectives:

• Recognition of Excellence: The awards ceremony aims to honor the exceptional contributions of players, officials, and legends to Indian hockey. Hardik Singh’s recognition underscores his outstanding performance and significant contributions to the sport over the past year.

Key winners of the Hockey India 6th Annual Awards 2023:

Important Terms Explained:

• Hockey India Balbir Singh Sr. Award for Player of The Year: An accolade bestowed upon the most outstanding male and female hockey players in India for their exceptional performances and contributions to the sport.

Tabular Summary:

Feature	Details
Event	Hockey India 6th Annual Awards 2023
Location	New Delhi, India
Award	Hockey India Balbir Singh Sr. Award for Player of The Year (Men)
Winner	Hardik Singh
Significance	Acknowledgment of Hardik Singh’s exceptional contributions and performance in hockey for 2023

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Banking and Finance – Daily Current Affairs April 01

6. What is the new feature of SCORES 2.0 launched by SEBI to strengthen investor redressal?
A) Introduction of a fee for lodging complaints
B) Extension of the timeline for redressal to 45 days
C) Reduction of redressal timeline to 21 calendar days
D) Removal of the online complaint system
E) Mandatory in-person complaint filing
Answer: C) Reduction of redressal timeline to 21 calendar days

Event and Location:

• The Securities and Exchange Board of India (SEBI) launched SCORES 2.0 on Monday to enhance the investor complaint redressal mechanism in the securities market.

Mandates and Objectives:

• Reduced and Uniform Timelines: SCORES 2.0 features a reduction in the timeline for the redressal of investor complaints to 21 calendar days from the date of receipt of the complaint, down from the previous requirement of 30 days.
• Efficiency Improvements: The system introduces auto-routing, auto-escalation, and monitoring by designated bodies to streamline the complaint process.
• Integration with KYC Database: SCORES 2.0 will be integrated with the KYC Registration Agency database for easy registration of investors onto SCORES.
• Two Levels of Review: It includes a two-tier review process for dissatisfied investors, first by a designated body and then by SEBI, if necessary.

Important Terms Explained:

• SCORES (SEBI Complaint Redress System): An online platform where investors in the securities market can lodge their complaints. The system enables efficient handling and redressal of grievances against regulated entities.
• KYC (Know Your Customer): A process used by financial institutions to verify the identity of their clients. Integration with KYC databases facilitates smoother verification and registration processes for investors lodging complaints.

Tabular Summary:

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7. What method is HDFC Bank using to sell its 100% stake in HDFC Education?
A) Direct Sale
B) Auction
C) Swiss Challenge Method
D) Public Offering
E) Private Placement
Answer: C) Swiss Challenge Method

Event and Location:

• HDFC Bank, India’s largest private lender, is in the process of selling its 100% stake in HDFC Education.
• This decision comes amidst a downturn in HDFC Bank shares, which have seen a 15% drop in 2024 and a 10% fall over the one-year period.
• The bank has opted to use the Swiss Challenge Method for the divestment to ensure transparency.

Mandates and Objectives:

• Transparency in Divestment: By choosing the Swiss Challenge Method, HDFC Bank aims to maintain transparency during the divestment process of its education arm.
• Engagement of Interested Parties: A binding term sheet with an interested party serves as the base for the Swiss Challenge process, inviting counteroffers from other interested parties.
• Finalization of the Purchaser: Following the Swiss Challenge process, HDFC Bank will finalize the purchaser and enter into definitive documentation for the proposed transaction.

Important Terms Explained:

• Swiss Challenge Method: A public procurement method where an initial offer (the base bid) is made public to invite third parties to make better offers (counteroffers) for a project or asset. After this, the original bidder gets the chance to match the best offer.
• RBI (Reserve Bank of India): India’s central banking institution, which controls the monetary policy of the Indian rupee.

Tabular Summary:

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8. How many banks and NBFCs were fined by the RBI in FY24, and what was the total amount of the fines?
A) 41 banks and NBFCs, ₹33.1 crore
B) 64 banks and NBFCs, ₹74.1 crore
C) 64 banks and NBFCs, ₹33.1 crore
D) 41 banks and NBFCs, ₹74.1 crore
E) 16 PSU banks and 13 private banks, ₹12.19 crore
Answer: B) 64 banks and NBFCs, ₹74.1 crore

Event and Location:

• In FY24, the Reserve Bank of India (RBI) imposed monetary penalties on a total of 64 banks and non-banking financial companies (NBFCs) for regulatory breaches.
• The cumulative amount of these fines was ₹74.1 crore.
• This action was part of the central bank’s heightened regulatory measures to ensure compliance and enhance governance within the Indian financial sector.

Mandates and Objectives:

• Enhanced Supervision: The RBI’s actions signify its commitment to strengthening supervision and addressing issues like non-compliance, poor governance, inadequate customer service, and the need for improved transparency and accountability among financial institutions.

Important Terms Explained:

• KYC (Know Your Customer): A mandatory process for banks and financial institutions to verify the identity of their clients to prevent fraud and money laundering.
• CRILC (Central Repository of Information on Large Credits): A database managed by the RBI that collects, stores, and disseminates credit data to lenders to enhance the quality of the credit decisions.

Tabular Summary:

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Acquisitions and Mergers – Daily Current Affairs April 01

9. Which mutual fund recently bought nearly a 3% stake in Savita Oil Technologies?
A) HDFC Mutual Fund
B) SBI Mutual Fund
C) ICICI Prudential Mutual Fund
D) Axis Mutual Fund
E) Kotak Mutual Fund
Answer: B) SBI Mutual Fund

Event and Location:

• SBI Mutual Fund acquired a nearly 3% stake in Savita Oil Technologies, a specialty petroleum company.
• This transaction took place via a block deal on March 22, leading to a significant 10% increase in the company’s stock price in Tuesday’s intra-day trade.

Mandates and Objectives:

• Investment in Specialty Petroleum Sector: The acquisition by SBI Mutual Fund demonstrates a strategic investment in the specialty petroleum sector, showcasing confidence in Savita Oil Technologies’ business model and growth prospects.

Important Terms Explained:

• Block Deal: A block deal involves a transaction of shares in a large quantity between two parties, usually at a negotiated price, and is conducted outside the open market to lessen the impact on the stock price.
• Specialty Petroleum Products: Products such as transformer oils, liquid paraffins, and white oils, which are used in various industrial applications.

Tabular Summary:

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Appointments – Daily Current Affairs April 01

10. Who has assumed the charge as the Principal Director General of the Press Information Bureau in 2024?
A) Shri Manish Desai
B) Ms Sheyphali B. Sharan
C) Ms Anuradha Prasad
D) Shri K.S. Dhatwalia
E) Ms Smita Kumar
Answer: B) Ms Sheyphali B. Sharan

Event and Location:

• Ms Sheyphali B. Sharan has taken over as the Principal Director General of the Press Information Bureau on 01 April 2024, following the superannuation of Shri Manish Desai.

Mandates and Objectives:

• Leadership Role: As the Principal Director General, Ms. Sharan’s primary role involves overseeing the dissemination of information to the press and media on behalf of various ministries of the Government of India.
• Media Publicity Work: Throughout her career, Ms. Sharan has focused on media publicity work for key ministries such as Finance, Health and Family Welfare, and Information and Broadcasting.
• Diverse Experience: She has a rich experience from serving in various capacities, including as Spokesperson for the Election Commission of India, Director in the Ministry of Health and Ministry of Finance, and roles within the Ministry of Information and Broadcasting.

Important Terms Explained:

• Press Information Bureau (PIB): The nodal agency of the Government of India that disseminates information to the media on government policies, programmes, initiatives, and achievements.
• Indian Information Service (IIS): A cadre of civil servants in India who are responsible for managing the Government of India’s communication and public relations.

Tabular Summary:

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11. Which country has been chosen to chair the UN Commission on the Status of Women, despite criticism from human rights groups?
A) The Netherlands
B) Japan
C) Saudi Arabia
D) Bangladesh
E) The Philippines
Answer: C) Saudi Arabia

Event and Location:

• Saudi Arabia has been selected as the chair of the Commission on the Status of Women (CSW) at the UN, causing controversy due to its criticized record on women’s rights.
• The decision was made during the CSW’s annual meeting in New York, where the Saudi ambassador to the UN, Abdulaziz Alwasil, was elected by acclamation, as there were no other candidates and no objections were raised by the commission’s members.

Mandates and Objectives:

• The CSW is dedicated to promoting gender equality and empowering women worldwide. However, the election of Saudi Arabia as chair has been met with skepticism and condemnation from human rights organizations, pointing to the stark disparities in rights between men and women in the kingdom.

Important Terms Explained:

• Commission on the Status of Women (CSW): A functional commission of the United Nations Economic and Social Council (ECOSOC) focused on the promotion of gender equality and the empowerment of women.
• Beijing Declaration: A comprehensive international policy framework for the advancement of women’s rights, established at the Fourth World Conference on Women in 1995.

Tabular Summary:

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12. Who has been appointed as the 41st National president of FICCI Ladies Organisation (FLO) for 2024-25?
A) Naina Lal Kidwai
B) Joyshree Das Verma
C) Kiran Mazumdar-Shaw
D) Anshula Kant
E) Indra Nooyi
Answer: B) Joyshree Das Verma

Event and Location:

• Joyshree Das Verma has assumed the role of the 41st National president of the FICCI Ladies Organisation (FLO) for the year 2024-25.
• FLO is recognized as the oldest women-led and women-centric business chamber in South East Asia, focusing on empowering women in business and leadership.

Mandates and Objectives:

• Under her leadership, FLO aims to embrace a ‘Collective Vision, Collaborative Action’ theme for 2024-25.
• The goal is to cultivate a strong, inclusive community that prioritizes sustainable progress, supports individual growth, and drives impactful change across various sectors.

Important Terms Explained:

• FICCI Ladies Organisation (FLO): A leading business and professional women’s organization in South East Asia, associated with the Federation of Indian Chambers of Commerce & Industry (FICCI), dedicated to promoting entrepreneurship and professional excellence among women.

Tabular Summary:

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Awards – Daily Current Affairs April 01

13. Which organization won the SKOCH ESG Award 2024 in the ‘Renewable Energy Financing’ category?
A) NTPC Limited
B) Bharat Heavy Electricals Limited
C) REC Limited
D) Indian Renewable Energy Development Agency
E) Tata Power
Answer: C) REC Limited

Event and Location:

• REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, won the SKOCH ESG Award 2024 in the ‘Renewable Energy Financing’ category.
• The award ceremony took place in New Delhi, with Shri T.S.C. Bosh, Executive Director of REC Limited, receiving the award.

Mandates and Objectives:

• Sustainable Financing: The award recognizes REC’s commitment to sustainable financing and its role in supporting the transition to renewable energy, contributing to a greener future.
• Clean Energy Transition: REC has been actively involved in financing sustainable projects across various sectors like solar, wind, pumped storage projects, e-mobility, RE manufacturing, green ammonia and hydrogen, and battery storage.
• Future Growth: REC aims to expand its renewable energy portfolio to more than Rs. 3 lakh crores by 2030, which would represent about 30% of its Assets Under Management.

Important Terms Explained:

• SKOCH ESG Award: These awards honor organizations demonstrating exemplary performance in Environmental, Social, and Governance (ESG) practices, focusing on sustainable investments and processes.
• Maharatna Status: A recognition given by the Government of India to central public sector enterprises (CPSEs) that gives them greater financial autonomy.
• NBFC (Non-Banking Finance Company): Financial institutions that offer various banking services but do not have a banking license.

Tabular Summary:

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14. Who was awarded the ‘International Culture Award’ for the year 2024?
A) Prof. Chose Charanda
B) Prof. Meena Charanda
C) Prof. K Yogesh
D) Prof. Socrates
E) None of the above
Answer: B) Prof. Meena Charanda

Event and Location:

• Professor Meena Charanda, the Principal of Kalindi College, Delhi University, was honored with the ‘International Culture Award’ for the year 2024.
• The award ceremony took place at the India International Center on March 30, 2024.

Mandates and Objectives:

• Recognition for Excellence in Education and Social Service: The award was bestowed upon Prof. Charanda in recognition of her exceptional contributions to the field of education and her dedicated social service efforts.

Important Terms Explained:

• International Culture Award: An accolade aimed at recognizing individuals who have made significant contributions to the field of culture, education, and social service on an international scale.

Tabular Summary:

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15. Who won the ENBA Lifetime Achievement Award 2023 for contributions to the Indian television news landscape?
A) Samir Jain
B) Vineet Jain
C) Annurag Batra
D) Alok Mehta
E) AK Sikri
Answer: B) Vineet Jain

Event and Location:

• Vineet Jain, the Managing Director of The Times Group, was awarded the Lifetime Achievement Award 2023 by the exchange4media News Broadcasting Awards (ENBA) jury in New Delhi.
• This prestigious award recognizes his significant contributions to the Indian television news industry.

Mandates and Objectives:

• Recognition of Media Contributions: The ENBA Lifetime Achievement Award aims to honor individuals who have made outstanding contributions to the news broadcasting sector in India, enhancing the quality and reach of news.

Important Terms Explained:

• ENBA (exchange4media News Broadcasting Awards): An awards ceremony that acknowledges and rewards excellence in news broadcasting in India.

Tabular Summary:

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International Affairs – Daily Current Affairs April 01

16. Which US state has declared Pluto as its ‘official state planet’?
A) California
B) Arizona
C) Texas
D) Florida
E) New Mexico
Answer: B) Arizona

Event and Location:

• Arizona, a southwestern US state, has officially declared Pluto as its ‘official state planet’.
• This declaration comes despite Pluto’s reclassification as a ‘dwarf planet’ by the International Astronomical Union in 2006.
• The legislation was signed by Arizona Governor Katie Hobbs on March 29.

Mandates and Objectives:

• Celebration of Astronomical Heritage: Arizona’s declaration serves as a tribute to its pioneering role in space discovery, specifically commemorating the discovery of Pluto by American astronomer Clyde Tombaugh at the Lowell Observatory in Flagstaff, Arizona, in 1930.

Important Terms Explained:

• Dwarf Planet: A celestial body that orbits the sun and has sufficient mass for its self-gravity to overcome rigid body forces so that it assumes a nearly round shape, but has not cleared its neighboring region of other objects.
• International Astronomical Union (IAU): The organization responsible for naming and classifying celestial bodies.

Tabular Summary:

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National Affairs – Daily Current Affairs April 01

17. Which organizations have launched the ‘HP Future Impact Leaders – IICA Certified Environmental – Social – Governance (ESG) Professional Programme’?
A) The Ministry of Corporate Affairs and HP India
B) The Indian Institute of Corporate Affairs and HP India
C) The Indian Institute of Management and HP Global
D) The Ministry of Environment, Forest and Climate Change and HP India
E) The Indian School of Business and HP India
Answer: B) The Indian Institute of Corporate Affairs and HP India

Event and Location:

• The Indian Institute of Corporate Affairs (IICA) and HP India have partnered to launch the ‘HP Future Impact Leaders – IICA Certified Environmental – Social – Governance (ESG) Professional Programme’.
• This initiative, aimed at fostering sustainability and empowering CSR professionals, was announced in Delhi.

Mandates and Objectives:

• Scholarship Initiative: 100% scholarships will be provided to 75 candidates to promote education and leadership in ESG principles without financial constraints.
• Comprehensive Course Structure: The six-month program includes self-paced learning modules, live interactive master classes by renowned ESG professionals, and one in-person session for networking.
• Target Audience: Designed for professionals in BHR, ESG, EHS, sustainability, and CSR with at least a bachelor’s degree and five years of experience.

Important Terms Explained:

• ESG (Environmental, Social, and Governance): A set of standards for a company’s operations that socially conscious investors use to screen potential investments.
• CSR (Corporate Social Responsibility): A management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.

Tabular Summary:

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18. What is the purpose of the 14th task force formed by the Indian government in the steel industry?
A) To increase steel production
B) To explore the use of biochar in steel production
C) To find new markets for Indian steel
D) To improve the quality of steel products
E) To reduce the cost of steel production
Answer: B) To explore the use of biochar in steel production

Event and Location:

• The Indian government, led by Union Steel Minister Jyotiraditya Scindia, has established a 14th task force aimed at exploring the utilization of biochar in steel production. This initiative is part of a broader strategy to mitigate carbon emissions within the domestic steel industry.

Mandates and Objectives:

• Carbon Emission Reduction: The primary goal of this task force is to identify and implement strategies that leverage biochar to decrease carbon emissions associated with steel production in India.
• Green Steel Production: This move aligns with the government’s commitment to promoting green steel production by examining sustainable manufacturing processes, including the potential for biochar as a means to lower the industry’s environmental impact.

Important Terms Explained:

• Biochar: A form of black carbon derived from organic materials, such as agricultural waste, which is recognized for its potential to reduce greenhouse gas emissions.
• Green Steel Production: The process of manufacturing steel with minimal environmental footprint, focusing on reducing carbon emissions and adopting eco-friendly practices.

Tabular Summary:

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19. Which state in India has the highest number of GI-tagged products as of the latest update?
A) Karnataka
B) Tamil Nadu
C) Uttar Pradesh
D) West Bengal
E) Kerala
Answer: C) Uttar Pradesh

Event and Location:

• Uttar Pradesh has taken the lead in having the most Geographical Indication (GI) certified products in India.
• This achievement places Uttar Pradesh at the forefront in the number of GI-tagged products, with a total of 69, surpassing Tamil Nadu, which has 58.

Mandates and Objectives:

• Recognition of Unique Cultural and Craft Heritage: The GI certification aims to recognize and protect products that are unique to a specific geographical location and embody the culture, society, or craftsmanship of that area.

Important Terms Explained:

• Geographical Indication (GI) Tag: A sign used on products that have a specific geographical origin and possess qualities, reputation, or characteristics inherent to that location.

Tabular Summary:

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Over All Review

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