Daily Current Affairs April 09

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs April 09. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

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 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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Over All Review

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