Daily Current Affairs April 29

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 29. 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 29 | Daily Current Affairs 2024

Important Days – Daily Current Affairs April 29

1. What is the main purpose of celebrating International Dance Day?
A) To promote global peace
B) To enhance physical fitness
C) To encourage cultural diversity and appreciation through dance
D) To support international trade
E) To promote technological advancements
Answer: C) To encourage cultural diversity and appreciation through dance

Event and Location:

• Event: International Dance Day is celebrated globally to honor and promote the art of dance.
• Location: Celebrated worldwide.

Mandates and Objectives:

• Objective: The day is marked to showcase dance as a medium for cultural exchange and understanding, aiming to promote dance across all societies and inspire appreciation for its educational and artistic values. It also calls for support from governments and leaders for dance.

Important Terms Explained:

• International Dance Day: Celebrated to appreciate and promote the art of dance globally. It highlights dance as a universal language capable of crossing borders, fostering cultural exchange, and enhancing social cohesion.
• UNESCO: United Nations Educational, Scientific and Cultural Organization; partners with ITI in initiatives to promote culture and arts globally.
• Jean-Georges Noverre: Known as the father of modern ballet, his birthday is celebrated as International Dance Day.

Static GK Information:

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2. Which city is highlighted as the host for the celebrations of International Jazz Day 2024?
A) New Orleans
B) New York City
C) Tangier
D) Paris
E) Cape Town
Answer: C) Tangier

Event and Location:

• Event: International Jazz Day is celebrated globally with a series of events including educational programs, cultural activities, and performances.
• Location: Tangier, Morocco is the focal city for the 2024 celebrations, hosting major events like the All-Star Global Concert.

Mandates and Objectives:

• Objective: The day aims to highlight jazz’s role in promoting peace, dialogue among cultures, diversity, respect for human rights and human dignity, gender equality, and artistic innovation.

Important Terms Explained:

• UNESCO: The United Nations Educational, Scientific and Cultural Organization that established International Jazz Day to promote peace and cultural diversity through jazz.
• International Jazz Day: Celebrated to emphasize jazz as a unifying agent across different cultures and to promote peace, diversity, and respect for human rights through this art form.

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Banking and Finance – Daily Current Affairs April 29

3. What minimum net worth is required for an SFB to convert into a universal bank as per RBI guidelines?
A) Rs 500 crore
B) Rs 1,000 crore
C) Rs 1,500 crore
D) Rs 2,000 crore
E) Rs 750 crore
Answer: B) Rs 1,000 crore

Event and Location:

• Event: RBI releases guidelines for the voluntary conversion of SFBs into universal banks.
• Location: Reserve Bank of India, India.

Mandates and Objectives:

• Objective: To provide a pathway for eligible SFBs to transition to universal banks, enhancing their capabilities and reach in the banking sector.

Important Terms Explained:

• Small Finance Banks (SFBs): These banks provide financial services primarily to small businesses, micro and small industries, and other unorganized sector entities. They focus on inclusion by providing savings vehicles and supply credit to small business units.
• Universal Banks: These banks offer a wide variety of financial services, including commercial and retail banking, and might also be involved in investment banking.

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4. What unique feature do Hitachi Payment Services’ newly introduced ATMs possess?
A) Card-less operation
B) Deposit-only function
C) Upgradability to CRM
D) Mobile banking integration
E) Biometric security
Answer: C) Upgradability to CRM

Event and Location:

• Event: Launch of upgradable ATMs by Hitachi Payment Services.
• Location: India.

Mandates and Objectives:

• Objective: To provide banks with flexible, cost-effective solutions for expanding their services, particularly through the addition of cash deposit facilities to ATMs.

Important Terms Explained:

• Upgradable ATMs: ATMs introduced by Hitachi Payment Services that can be upgraded to Cash Recycling Machines (CRMs), allowing for both cash withdrawals and deposits.
• Cash Recycling Machine (CRM): A device that allows for both the deposit and dispensing of cash, effectively recycling cash within the system.
• UPI (Unified Payments Interface): A system that powers multiple bank accounts into a single mobile application, enabling direct bank payments to provide a seamless cash flow.

Static GK Information:

• Hitachi Payment Services: Part of the larger Hitachi Ltd., focused on providing integrated payment solutions and services.
• Make in India: A government initiative aimed at encouraging companies to manufacture their products in India.

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5. What recent initiative has the CBIC implemented for auditing banks?
A) Uniform tax rates
B) Common bank audit plan
C) Increased GST rates
D) International trade agreements
E) Deregulation of audit procedures
Answer: B) Common bank audit plan

Event and Location:

• Event: Introduction of a common bank audit plan by the Central Board of Indirect Taxes and Customs (CBIC).
• Location: India.

Mandates and Objectives:

• Objective: To standardize GST audit procedures across central and state levels, providing more certainty to banks and ensuring consistent auditing practices.

Important Terms Explained:

• Common Bank Audit Plan: A set of guidelines issued by the CBIC to harmonize the approach of GST audits for banks by central and state officials, aiming for efficiency, focus, transparency, and coordination.
• Goods and Services Tax (GST): A value-added tax levied on most goods and services sold for domestic consumption in India, which provides revenue to the government.

Static GK Information:

• CBIC Founded Year: The CBIC was established in 1964 as the Central Board of Excise and Customs and reconstituted in 2017 under the current name.
• Chairman: Sanjay Kumar Agarwal.
• Headquarters: New Delhi, India.

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Appointments – Daily Current Affairs April 29

6. Who has been appointed as the Director of the Ministry of Housing & Urban Affairs (MoHUA) in 2024?
A) Sunil Kumar Gupta
B) Sunil Kumar Yadav
C) Rajesh Sharma
D) Anil Kumar Singh
E) Amit Patel
Answer: B) Sunil Kumar Yadav

Event and Location:

• Event: Appointment of Sunil Kumar Yadav as Director of MoHUA.
• Location: Ministry of Housing & Urban Affairs, Government of India.

Mandates and Objectives:

• Objective: To enhance the Ministry’s capacity in promoting sustainable urban development and improve the quality of urban life in India.

Important Terms Explained:

• Ministry of Housing & Urban Affairs (MoHUA): A government ministry responsible for formulating policies, supporting and monitoring programs and coordinating the efforts related to housing and urban development in India.
• Indian Revenue Service (IRS): The administrative revenue service of the Government of India, responsible for administering the nation’s tax laws and policy.
• Central Staffing Scheme: A scheme of the Government of India to manage the placement of eligible officers in various positions at the Centre.

Static GK Information:

• Ministry Founded Year: The exact year can vary based on the prior nomenclatures; however, its current structure was more clearly defined in recent decades.
• Minister in Charge: The current minister’s name can be checked for the latest details.
• Headquarters: Located in New Delhi, India.

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National Affairs – Daily Current Affairs April 29

7. Which foundation has partnered with the Ministry of Mines to provide knowledge support in the field of Critical Minerals?
A) Tata Trusts
B) Reliance Foundation
C) Shakti Sustainable Energy Foundation
D) Azim Premji Foundation
E) Bill and Melinda Gates Foundation
Answer: C) Shakti Sustainable Energy Foundation

Event and Location:

• Event: Signing of a Memorandum of Understanding (MoU) between the Ministry of Mines and Shakti Sustainable Energy Foundation.
• Location: India Habitat Centre, New Delhi.

Mandates and Objectives:

• Objective: The MoU aims to provide knowledge support in the critical minerals sector, crucial for India’s economic development, national security, and transition to low-carbon energy.

Important Terms Explained:

• Critical Minerals: These are minerals essential for important sectors such as technology, defense, and renewable energy. Their availability and processing are vital for supporting technological and economic growth.
• Shakti Sustainable Energy Foundation: A foundation focused on promoting clean energy and sustainable energy policies to support India’s transition to a future with secure, affordable, and sustainable energy.

Static GK Information:

• Ministry of Mines: Responsible for the survey and exploration of all minerals, other than natural gas and petroleum, for mining and metallurgy of non-ferrous metals.
• Founded Year of Shakti Sustainable Energy Foundation: The specific year can be found on their official website.
• Headquarters of Ministry of Mines: New Delhi, India.

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Over All Review

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