Daily Current Affairs April 09
Table of Contents
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April 09 | Daily Current Affairs 2024
Obituary – Daily Current Affairs April 01
1. Who was Gangu Ramsay and what was he renowned for in the Indian film industry?
A) A renowned Indian actor known for his roles in horror films
B) A legendary filmmaker and cinematographer of the Ramsay Brothers
C) A famous music director who composed for horror movies
D) An iconic producer known for Bollywood romantic dramas
E) A celebrated scriptwriter of Indian television horror shows
Answer: B) A legendary filmmaker and cinematographer of the Ramsay Brothers
Event and Location:
- Event: The passing of Gangu Ramsay, a legendary filmmaker and cinematographer associated with the Ramsay Brothers.
- Location: Mumbai, India
Mandates and Objectives:
- Objective: Gangu Ramsay aimed to innovate and entertain through horror films and television shows, leaving a significant impact on the genre within the Indian film and television industry.
Important Terms Explained:
- Ramsay Brothers: A family name synonymous with Indian horror cinema, known for producing low-budget horror films that have a cult following.
- Cinematographer: A professional responsible for making artistic and technical decisions related to the image.
Tabular Summary:
Aspect | Details |
Event | Passing of Gangu Ramsay |
Location | Mumbai, India |
Date | Sunday, 7 April |
Significance | Gangu Ramsay was a legendary figure in Indian horror cinema, known for his innovative filmmaking and cinematography |
Contributions | Contributed to over 50 iconic films; pivotal in the television industry with shows like Zee Horror Show |
Collaborations | Worked with Bollywood actors like Rishi Kapoor, Saif Ali Khan, and Akshay Kumar, and in the Kannada film industry |
Legacy | His work under the Ramsay Brothers’ banner will continue to inspire future filmmakers and entertain audiences |
Business and Economy – Daily Current Affairs April 09
2. Which companies have recently announced a partnership aimed at enhancing insurance distribution in India?
A) HDFC Ergo and Coverfox
B) Tata AIG and GoDigit
C) ICICI Lombard and Policybazaar
D) Bajaj Allianz and InsurDekho
E) Reliance General and QuickInsure
Answer: C) ICICI Lombard and Policybazaar
Event and Location:
- Event: The partnership announcement between ICICI Lombard General Insurance Company Ltd. and Policybazaar.
- Location: India
Mandates and Objectives:
- Objective: To enhance the distribution of insurance products across India, leveraging Policybazaar’s digital platform to ensure comprehensive coverage nationwide.
Key Mandates:
- Offer insurance solutions to nearly 10 million customers.
- Coverage includes motor, health, travel, home, and business insurance.
- The partnership encompasses business lines of the Policybazaar platform, including retail, corporate, and channel partners.
Important Terms Explained:
- ICICI Lombard General Insurance Company Ltd.: A leading private sector general insurance company in India, offering a wide range of insurance products.
- Policybazaar: An online platform for insurance comparison in India, offering users options to compare and choose from various insurance policies.
Static GK Information:
ICICI Lombard General Insurance Company Ltd.:
- Founded Year: 2001
- CEO/MD: Bhargav Dasgupta
- Headquarters: Mumbai, India
Policybazaar:
- Founded Year: 2008
- CEO/MD: Yashish Dahiya
- Headquarters: Gurugram, Haryana, India
Tabular Summary:
Aspect | Details |
Event | Partnership between ICICI Lombard and Policybazaar |
Location | India |
Significance | Aimed at enhancing the distribution of insurance products through a digital platform across India |
Coverage | Motor, health, travel, home, and business insurance |
Platforms Involved | Policybazaar.com (Retail), PB for Business (Corporate), PB Partners (Channel Partners) |
Objective | Democratise insurance in India, making it accessible and comprehensive for consumers to purchase |
Company Statement | Anand Singhi, Chief – Retail & Government Business of ICICI Lombard, highlighted the partnership’s aim to offer innovative insurance solutions. |
Acquisitions and Mergers – Daily Current Affairs April 09
3. Which entity received SEBI’s approval to take control of Reliance Wealth Management?
A) Reliance Industries
B) Tata Group
C) Adani Enterprises
D) Hindujas
E) Mahindra Group
Answer: D) Hindujas
Event and Location:
- Event: SEBI’s approval granted to the Hinduja Group for acquiring ownership of Reliance Wealth Management.
- Location: India
Mandates and Objectives:
- Objective: The acquisition aims to take control of Reliance Wealth Management, following the Hinduja Group’s successful bid through IndusInd International Holdings for Reliance Capital, which includes Reliance Wealth among its assets.
Key Mandates:
- The control change is to proceed in accordance with SEBI’s regulations governing investment advisers and portfolio managers.
- Implementation of the resolution plan for Reliance Capital by May 27, following the approval from the National Company Law Tribunal (NCLT).
Important Terms Explained:
- SEBI: The Securities and Exchange Board of India, responsible for regulating the securities market in India.
- Corporate Insolvency Resolution Proceedings (CIRP): A legal process in India under the Insolvency and Bankruptcy Code aimed at resolving the insolvency of a corporate debtor.
- National Company Law Tribunal (NCLT): A quasi-judicial body in India that adjudicates issues relating to Indian companies, including insolvency and bankruptcy cases.
Static GK Information:
Securities and Exchange Board of India (SEBI):
- Founded Year: 1988
- Chairman: Madhabi Puri Buch.
- Headquarters: Mumbai, India.
IndusInd Bank:
- Founded Year: 1994
- CEO/MD: Sumant Kathpalia.
- Headquarters: Pune, India.
Tabular Summary:
Aspect | Details |
Event | Hinduja Group receives SEBI approval for Reliance Wealth Management ownership |
Location | India |
Significance | Marks the Hinduja Group’s acquisition of Reliance Wealth Management under the corporate insolvency resolution proceedings of Reliance Capital |
Acquiring Entity | Hinduja Group-owned Asia Enterprises |
Regulatory Body | SEBI (Securities and Exchange Board of India) |
Resolution Plan | Involves an upfront cash amount of ₹9,650 crore for Reliance Capital, including its various group entities |
NCLT Approval Date | February |
Implementation Deadline | May 27, approximately 90 days from NCLT resolution approval, with possible extensions |
Appointments – Daily Current Affairs April 09
4. Who has been appointed as a full-time member of the Sixteenth Finance Commission of India?
A) Arvind Panagariya
B) Ajay Narayan Jha
C) Manoj Panda
D) Niranjan Rajadhyaksha
E) Soumya Kanti Ghosh
Answer: C) Manoj Panda
Event and Location:
- Event: The appointment of Manoj Panda as a full-time member of the Sixteenth Finance Commission of India.
- Location: India
Mandates and Objectives:
- Objective: The Sixteenth Finance Commission, now at full strength, aims to begin its work, which includes deliberations with economists and experts, visits to states, and discussions with local and municipal bodies to assess their financial issues comprehensively.
Important Terms Explained:
- Finance Commission: A constitutional body tasked with distributing the net proceeds of taxes between the Central and the State Governments, among other financial responsibilities.
- Institute of Economic Growth: A research institute dedicated to studying economic and socio-economic development.
Tabular Summary:
Aspect | Details |
Event | Appointment of Manoj Panda as a full-time member of the Sixteenth Finance Commission |
Location | India |
Significance | Fills the vacancy in the finance panel, allowing it to operate at full capacity for its deliberations and assessments |
Background | Manoj Panda is an eminent economist with significant contributions to the field, including his tenure as the RBI Chair Professor at the Institute of Economic Growth |
Objective | To assess financial issues of states and local bodies comprehensively and make recommendations for the distribution of net proceeds of taxes |
Science and Technology – Daily Current Affairs April 09
5. Which air defence system has the Indian Army recently acquired from Russia to enhance its Very Short Range Air Defence capabilities?
A) S-400 Triumf
B) Strela-10
C) Tor-M1
D) Igla-S
E) Buk-M2
Answer: D) Igla-S
Event and Location:
- Event: Acquisition of the Igla-S Man Portable Air Defence Systems (MANPADS) by the Indian Army from Russia.
- Location: India
Mandates and Objectives:
- Objective: To enhance the Indian Army’s Very Short Range Air Defence (VSHORAD) capabilities with the introduction of 24 Igla-S launchers and 100 missiles in its first batch.
Key Mandates:
- The deal includes domestic production in India through Transfer of Technology (ToT) from Russia, as part of a larger agreement for 120 launchers and 400 missiles.
- This acquisition aims to modernize air defence capabilities, especially in high mountainous terrain along the northern border of India.
Important Terms Explained:
- Igla-S MANPADS: A portable air defence system designed to bring down low-flying aircraft, drones, and cruise missiles. It consists of a 9M342 missile and supporting equipment for a comprehensive air defence solution.
- Transfer of Technology (ToT): An agreement where technology, skills, knowledge, methodologies, or manufacturing techniques are transferred from one organization to another.
Static GK Information:
Russia:
- Currency: Russian Ruble (RUB)
- Capital: Moscow
- President: Vladimir Putin.
Tabular Summary:
Aspect | Details |
Event | Acquisition of Igla-S MANPADS by the Indian Army from Russia |
Location | India |
Significance | Enhances the VSHORAD capabilities of the Indian Army with modern technology and capability against air threats |
Components | 24 launchers and 100 missiles in the first batch, with a total deal for 120 launchers and 400 missiles |
Objective | To modernize and strengthen air defence capabilities, particularly for high mountainous terrain |
Domestic Production | Included in the deal through Transfer of Technology (ToT) from Russia to an Indian company |
International Affairs – Daily Current Affairs April 09
6. What is the primary objective of the Matchmaking Event launched under the India-EU Trade & Technology Council?
A) To promote trade in digital products and services between India and the EU
B) To enhance cooperation in the field of battery recycling technologies for Electric Vehicles
C) To increase EU-India bilateral trade in goods
D) To establish strategic partnerships in digital governance
E) To explore investment avenues in green and clean energy technologies
Answer: B) To enhance cooperation in the field of battery recycling technologies for Electric Vehicles
Event and Location:
- Event: Launch of a Matchmaking Event for startups working in Battery Recycling Technologies for Electric Vehicles (EVs) under the India-EU Trade & Technology Council (TTC).
- Location: India and the European Union
Mandates and Objectives:
- Objective: To promote collaboration between Indian and European Small and Medium-sized Enterprises (SMEs) and startups in the clean and green technologies sector, specifically focusing on EV battery recycling technologies.
Key Mandates:
- Facilitating the exchange of knowledge and expertise to advance the circularity of rare materials and transition towards carbon neutrality.
- Providing a platform for pitching innovative solutions to venture capitalists and solution adopters from India and the EU.
Important Terms Explained:
- Battery Recycling Technologies for Electric Vehicles: Technologies focused on the recycling and reuse of batteries used in electric vehicles, aiming to enhance sustainability and reduce waste.
- Trade and Technology Council (TTC): A strategic coordination mechanism established by India and the European Union to tackle challenges at the nexus of trade, trusted technology, and security.
Static GK Information:
European Union:
- Currency: Euro (EUR)
- Capital: Brussels
- European Commission President: Ursula von der Leyen.
Tabular Summary:
Aspect | Details |
Event | Launch of the Matchmaking Event under the India-EU TTC |
Location | India and the European Union |
Date | Scheduled for June 2024 |
Significance | Enhancing cooperation between Indian and European SMEs and startups in EV battery recycling |
Participants | Twelve innovators, six each from India and the EU, with six finalists to be selected |
Objective | To advance the circularity of rare materials and achieve carbon neutrality in India and the EU |
TTC Establishment | Announced in April 2022 and established on 6 February 2023 |
Working Groups | Three, focusing on Strategic Technologies, Green and Clean Energy Technologies, and Trade and Investment |
National Affairs – Daily Current Affairs April 09
7. What is the main objective of NTPC’s Girl Empowerment Mission (GEM)?
A) To provide financial support to underprivileged girls
B) To tackle gender inequality by nurturing girls’ abilities and fostering their exploration of opportunities
C) To offer technical education and engineering skills to young girls
D) To promote women’s participation in the power sector
E) To conduct research on gender disparities in education
Answer: B) To tackle gender inequality by nurturing girls’ abilities and fostering their exploration of opportunities
Event and Location:
- Event: Launch of the latest edition of the Girl Empowerment Mission (GEM) by NTPC Limited.
- Location: India, across 42 identified locations of the power sector PSU.
Mandates and Objectives:
- Objective: The GEM aims to tackle gender inequality by nurturing girls’ imaginations and fostering their ability to explore opportunities, aligning with the Government of India’s Beti Bachao, Beti Padhao initiative.
Key Mandates:
- Conducting a 1-month workshop for young girls during summer holidays for their all-round upliftment and development.
- Empowering nearly 3,000 meritorious children from underprivileged sections of society in its latest edition starting from April 2024.
Important Terms Explained:
- NTPC Limited: India’s largest integrated power company.
- Girl Empowerment Mission (GEM): A flagship Corporate Social Responsibility initiative of NTPC focused on empowering young girls.
- Beti Bachao, Beti Padhao: A Government of India scheme aimed at addressing gender imbalance and discrimination against girls.
Static GK Information:
NTPC Limited:
- Founded Year: 1975
- CEO/MD: Gurdeep Singh.
- Headquarters: New Delhi, India.
Tabular Summary:
Aspect | Details |
Event | Launch of the latest edition of the Girl Empowerment Mission (GEM) by NTPC |
Location | 42 identified locations across India |
Date | Starting from April 2024 |
Significance | Aims to empower nearly 3,000 meritorious children from underprivileged sections of society |
Total Beneficiaries | The total number of children benefiting from the Mission will cross 10,000 |
Objective | To tackle gender inequality by nurturing girls’ abilities and fostering their exploration of opportunities |
Workshop Focus | Health, hygiene, safety, fitness, sports, and yoga |
8. Which governmental body has recently been established to monitor the progress of thermal power plants in India?
A) Thermal Power Assessment Group (TPAG)
B) Central Electricity Monitoring Committee (CEMC)
C) Thermal Power Monitoring Group (TPMG)
D) National Thermal Power Committee (NTPC)
E) Thermal Energy Oversight Panel (TEOP)
Answer: C) Thermal Power Monitoring Group (TPMG)
Event and Location:
- Event: The establishment of the Thermal Power Monitoring Group (TPMG) by the Power Ministry.
- Location: India.
Mandates and Objectives:
- Objective: The TPMG is tasked with tracking the progress of upcoming thermal power plants (TPPs) across the country to achieve a targeted addition of 80 gigawatts (GW) of thermal capacity by FY32.
Key Mandates:
- Conducting site inspections and providing assessments of TPPs under implementation by central or state utilities and Independent Power Producers (IPPs).
- Comparing progress reports and submitting a realistic position on progress during capacity addition review meetings.
- Identifying challenges and evaluating the effectiveness of mitigation strategies during the implementation phase.
Important Terms Explained:
- Thermal Power Plants (TPPs): Facilities that produce electricity by using heat energy generated from burning coal, gas, or other fuels.
- Central Electricity Authority (CEA): A statutory organization under the Ministry of Power, Government of India, responsible for coordinating and supervising activities related to electricity.
- Independent Power Producers (IPPs): Private or non-governmental power generation companies.
Static GK Information:
Central Electricity Authority (CEA):
- Founded Year: 1951
- CEO/MD/Chairman: Shri Ghanshyam Prasad
- Headquarters: New Delhi, India.
Tabular Summary:
Aspect | Details |
Event | Establishment of the Thermal Power Monitoring Group (TPMG) |
Location | India |
Significance | To monitor and ensure the targeted addition of 80 GW of thermal capacity by FY32. |
Members Include | A Chief Engineer or higher-level officer from the CEA, and six retired senior officers from CEA, NTPC, and DVC |
Objective | To track the progress of upcoming TPPs and achieve the targeted thermal capacity addition. |
Over All Review
Obituary
|
Business And Economy
|
Acquisitions and Mergers
|
Appointments
|
Science and Technology
|
International Affairs
|
National Affairs
|
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