Daily Current Affairs September 04

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 September 04. 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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September 04 | Daily Current Affairs 2024

Sports – Daily Current Affairs September 04

1. Who won the bronze medal in the women’s 400m T20 final at the Paris 2024 Paralympics?
A) Preethi Pal
B) Aysel Onder
C) Yuliia Shuliar
D) Deepthi Jeevanji
E) Manasi Joshi
Answer: D) Deepthi Jeevanji

Event and Location:

• Event: Women’s 400m T20 final at the Paris 2024 Paralympics.
• Location: Stade de France, Paris.

Mandates and Objectives:

• Deepthi Jeevanji competed in the T20 event, securing the bronze medal with a time of 55.82 seconds.
• The T20 classification is designed for athletes with intellectual impairments.
• Yuliia Shuliar from Ukraine won the gold medal, clocking 55.16 seconds, and Aysel Onder from Turkey won the silver medal with 55.23 seconds.

Important Terms Explained:

• T20 Classification: A classification for athletes with intellectual impairments, who compete in various track and field events.
• Paralympic Games: An international multi-sport event for athletes with disabilities, held parallel to the Olympic Games.

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2. In which event did Anuya Prasad win the gold medal at the World Deaf Championship?
A) 10m Air Rifle
B) 25m Pistol
C) 10m Air Pistol
D) Skeet Shooting
E) Archery
Answer: C) 10m Air Pistol

Event and Location:

• Event: Women’s air pistol event at the World Deaf Championship.
• Location: Hannover, Germany.

Mandates and Objectives:

• Anuya Prasad secured gold in the women’s air pistol event at the World Deaf Championship.
• She won with a final shot score of 10.3, narrowly defeating Sofia Olenych of Ukraine by 0.1 point.
• This victory occurred at the second World Deaf Shooting Championship.

Important Terms Explained:

• Air Pistol: A shooting event in which athletes fire pistols at a target from a distance of 10 meters.
• World Deaf Championship: A global competition for deaf athletes across various sports, including shooting.

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Banking and Finance – Daily Current Affairs September 04

3. Which company launched the ‘Special Care Gold’ insurance policy in Braille for individuals with disabilities?
A) ICICI Lombard
B) HDFC Ergo
C) Star Health
D) New India Assurance
E) Bajaj Allianz
Answer: C) Star Health

Event and Location:

• Event: Launch of the ‘Special Care Gold’ insurance policy in Braille.
• Location: India.

Mandates and Objectives:

• Star Health and Allied Insurance Co. Ltd launched the ‘Special Care Gold’ policy, designed to offer comprehensive health coverage to individuals with 40% or more disability.
• The policy is available in both standard print and Braille, ensuring visually impaired customers can independently review their policy terms.
• This initiative aligns with IRDAI’s vision of “Insurance for All” and aims to promote financial inclusivity for marginalized sections of society.
• In collaboration with the National Association of the Blind (NAB), the policy helps provide equitable access to health insurance for India’s 34 million visually impaired population.
• Additionally, Star Health launched a diversity drive to train and employ visually impaired individuals as health insurance agents.

Important Terms Explained:

• Braille: A tactile writing system used by visually impaired individuals to read and write.
• IRDAI (Insurance Regulatory and Development Authority of India): The regulator for the insurance sector in India.
• Special Care Gold: A comprehensive health insurance policy specifically designed for individuals with disabilities.

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4. Which bank collaborated with SLCM to offer ‘Unified Collateral Management Solutions’ for farmers?
A) ICICI Bank
B) HDFC Bank
C) South Indian Bank
D) Axis Bank
E) State Bank of India
Answer: C) South Indian Bank

Event and Location:

• Event: Collaboration between South Indian Bank and Sohan Lal Commodity Management (SLCM).
• Location: Mangaluru, India.

Mandates and Objectives:

• The partnership between South Indian Bank and SLCM aims to tackle key challenges in the agricultural sector, particularly focusing on post-harvest storage and financing.
• The collaboration will provide farmers with access to post-harvest credit at competitive interest rates and offer scientific storage solutions to protect commodities and ensure fair pricing at marketplaces (mandis).
• By combining South Indian Bank’s financial expertise with SLCM’s collateral management and warehousing solutions, this initiative enhances value creation across the agricultural ecosystem and reduces post-harvest losses using AI-powered systems.

Important Terms Explained:

• Collateral Management Solutions: Services that ensure the secure storage and management of commodities, providing a guarantee for loans or credit based on the value of the stored commodities.
• SLCM (Sohan Lal Commodity Management): A company offering warehousing, collateral management, and post-harvest solutions to protect agricultural produce.

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5. Which two NBFCs have announced their merger through a share swap?
A) Bajaj Finance and Shriram City Union Finance
B) Caspian Debt and BlackSoil Capital
C) Tata Capital and L&T Finance
D) Aditya Birla Finance and Muthoot Finance
E) Mahindra Finance and Sundaram Finance
Answer: B) Caspian Debt and BlackSoil Capital

Event and Location:

• Event: Merger of Caspian Debt and BlackSoil Capital.
• Location: India.

Mandates and Objectives:

• Caspian Impact Investments (Caspian Debt) and BlackSoil Capital, both NBFCs (Non-Banking Financial Companies), have received unanimous Board approval to merge through a share swap.
• Post-merger, BlackSoil will have an AUM (Assets Under Management) of over ₹2,000 crore, enhancing its capability to offer credit solutions to the startup ecosystem, MSMEs, and financial institutions.
• The combined entity will benefit from operational efficiencies, expanded client base, and enhanced market presence across major metro cities such as Mumbai, Hyderabad, Delhi, and Bengaluru.
• The total disbursements of the merged company will amount to over ₹10,000 crore, servicing 450 companies.

Important Terms Explained:

• NBFC (Non-Banking Financial Company): A financial institution that provides banking services without holding a banking license.
• Share Swap: A process in mergers and acquisitions where shareholders exchange their shares in one company for shares in the merged company.

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Business and Economy – Daily Current Affairs September 04

6. What percentage of stake in GIC Re is being sold by the Finance Ministry?
A) 5.78%
B) 6.78%
C) 10.78%
D) 3.39%
E) 7.78%
Answer: B) 6.78%

Event and Location:

• Event: The Union Finance Ministry will sell a 6.78% stake in General Insurance Corporation of India (GIC Re) via an Offer-for-Sale (OFS).
• Location: India.

Mandates and Objectives:

• The goal is to raise around Rs 4,700 crore by selling the 6.78% stake.
• The sale will happen through the OFS route, where non-retail investors can bid, while retail investors and GIC employees will bid on Thursday.
• The floor price for the OFS is likely to be Rs 395 per share, which is about a 6% discount to the current market price.
• The government plans to divest 3.39% equity with an additional 3.39% as a green shoe option, allowing flexibility if there is higher demand.

Important Terms Explained:

• Offer-for-Sale (OFS): A process through which existing shareholders in a listed company sell their shares to the public via the exchange platform.
• Green Shoe Option: An option that allows the seller to offer additional shares if there is excess demand during the sale.

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7. Until when has the Government of India extended the Interest Equalisation Scheme for exporters?
A) August 31, 2024
B) October 31, 2024
C) September 30, 2024
D) December 31, 2024
E) July 31, 2024
Answer: C) September 30, 2024

Event and Location:

• Event: Extension of the Interest Equalisation Scheme.
• Location: New Delhi, India.

Mandates and Objectives:

• The Government of India has extended the Interest Equalisation Scheme for pre- and post-shipment rupee export credit until September 30, 2024.
• The scheme provides interest benefits to exporters, especially MSME manufacturing exporters, to boost outbound shipments and support the Indian export sector.
• The scheme was initially set to end on August 31, 2024, but has been extended multiple times, most recently by one month.
• It aims to provide exporters with competitive interest rates on export credit in response to challenges posed by global economic headwinds.
• An additional allocation of Rs 2,500 crore was approved in December 2023 to continue the scheme, on top of the existing Rs 9,538 crore allocation.

Important Terms Explained:

• Interest Equalisation Scheme: A scheme that subsidizes the interest rates on export credit, making it cheaper for exporters to obtain loans for pre- and post-shipment activities.
• Pre- and Post-shipment Credit: Loans given to exporters to finance the production and shipping of goods, before and after exports.

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Appointments – Daily Current Affairs September 04

8. Who has been appointed as the new Chairman of the Advertising Standards Council of India (ASCI) for 2024-25?
A) Sudhanshu Vats
B) S. Subramanyeswar
C) Partha Sinha
D) Sam Balsara
E) Prasanth Kumar
Answer: C) Partha Sinha

Event and Location:

• Event: Appointment of Partha Sinha as the new Chairman of the Advertising Standards Council of India (ASCI).
• Location: New Delhi, India.

Mandates and Objectives:

• Partha Sinha, currently the President & Chief Brand Officer at BCCL (Bennett, Coleman & Co. Ltd.), has been appointed as the Chairman of ASCI for the 2024-25 term.
• The Advertising Standards Council of India (ASCI) promotes self-regulation in advertising, ensuring that consumer interests are protected by promoting responsible and ethical advertising.
• Alongside Partha Sinha, Sudhanshu Vats, Deputy Managing Director of Pidilite Industries, has been appointed Vice-Chairman, and S. Subramanyeswar, Group CEO & Chief Strategy Officer-APAC, Lintas India, has been named Hon. Treasurer.

Important Terms Explained:

• ASCI (Advertising Standards Council of India): A self-regulatory voluntary organization that ensures the promotion of ethical advertising in India.

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Awards – Daily Current Affairs September 04

9. For which initiative did the Ministry of Women and Child Development receive the National Award for e-Governance 2024 (Gold)?
A) Mission Poshan 1.0
B) Anganwadi Digitalization Program
C) Poshan Tracker
D) Rashtriya Bal Swasthya Karyakram
E) National Nutrition Mission
Answer: C) Poshan Tracker

Event and Location:

• Event: National Award for e-Governance 2024 (Gold) received by the Ministry of Women and Child Development.
• Location: Mumbai, India on 3rd September 2024.

Mandates and Objectives:

• The Poshan Tracker initiative under Mission Poshan 2.0 tracks the growth of children aged 0-6 years, focusing on monthly growth monitoring to ensure better nutritional outcomes.
• The initiative utilizes real-time monitoring and evaluation through the Poshan Tracker, an ICT application that helps in early identification of health and nutritional issues.
• The program is supported by Growth Measuring Devices (GMDs) at Anganwadi Centers, which allow for the accurate tracking of children’s growth.
• The Poshan Tracker won the award for its role in Government process re-engineering and Digital Transformation.

Important Terms Explained:

• Poshan Tracker: A digital tool used to track and monitor the nutritional growth of children in real-time.
• Mission Poshan 2.0: A government initiative aimed at combating malnutrition and improving the health outcomes of children.
• e-Governance Award: Recognizes efforts in using technology to improve governance and service delivery.

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10. Who received the prestigious ‘Gender Diversity’ award at the Indian Steel Association (ISA) Steel Conclave 2024?
A) Shri Atul Bhatt
B) Dr. Dasari Radhika
C) Nagendra Nath Sinha
D) Smt. Savitri Thakur
E) Dr. Anjali Sharma
Answer: B) Dr. Dasari Radhika

Event and Location:

• Event: Indian Steel Association (ISA) Steel Conclave 2024.
• Location: New Delhi, India.

Mandates and Objectives:

• Dr. Dasari Radhika, Deputy General Manager (HR) at Rashtriya Ispat Nigam Limited (RINL), was awarded the prestigious ‘Gender Diversity’ National Award for her outstanding contributions in promoting gender inclusivity and equity in the steel industry.
• The award was presented by Sri Nagendra Nath Sinha, former Secretary of the Ministry of Steel, recognizing her excellence in leadership and commitment to overcoming gender barriers in the male-dominated steel sector.
• Dr. Radhika has pioneered HR practices, managed challenging zones, and introduced initiatives to improve employee welfare, including psychological counseling based on her academic expertise in Psychology.

Important Terms Explained:

• RINL (Rashtriya Ispat Nigam Limited): A corporate entity of Visakhapatnam Steel Plant, one of India’s largest steel producers.
• Gender Diversity Award: An accolade that recognizes individuals or organizations for their efforts in promoting gender equity and inclusiveness.

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International Affairs – Daily Current Affairs September 04

11. Where did IIT-Delhi open its first international campus?
A) Dubai
B) Riyadh
C) Abu Dhabi
D) Doha
E) Muscat
Answer: C) Abu Dhabi

Event and Location:

• Event: Inauguration of IIT-Delhi’s first international campus.
• Location: Abu Dhabi, UAE.

Mandates and Objectives:

• The Indian Institute of Technology (IIT) Delhi inaugurated its first international campus in Abu Dhabi, UAE.
• 52 students are set to join the inaugural batch, pursuing BTech in Computer Science and Engineering and Energy Engineering.
• The event was attended by Sheikh Khaled bin Mohamed, the Crown Prince of Abu Dhabi.
• Strategic alliances were launched between IIT-Delhi Abu Dhabi, its parent campus in India, and prominent Higher Education Institutions (HEIs) in Abu Dhabi, including Sorbonne University Abu Dhabi, Mohamed bin Zayed University of Artificial Intelligence, Khalifa University, and Zayed University.
• These collaborations will focus on joint research, academic programs, and faculty/student exchanges.

Important Terms Explained:

• IIT-Delhi: One of India’s most prestigious institutes, known for producing engineers, entrepreneurs, and innovators. It is now expanding internationally.
• Sorbonne University Abu Dhabi: A leading higher education institution in the UAE that will collaborate with IIT-Delhi on postgraduate exchanges and research projects.
• Mohamed bin Zayed University of Artificial Intelligence (MBZUAI): An AI-focused university in Abu Dhabi that will engage in joint research with IIT-Delhi Abu Dhabi, offering grants and internships.

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12. Where is the 2024 Edition of the Chief Science Advisers Roundtable (CSAR) being co-organised?
A) New Delhi
B) Paris
C) Rome
D) Berlin
E) Tokyo
Answer: B) Paris

Event and Location:

• Event: The 2024 Edition of the Chief Science Advisers’ Roundtable (CSAR).
• Location: UNESCO Headquarters, Paris, France on 6 September 2024.

Mandates and Objectives:

• Co-organised by the Office of the Principal Scientific Adviser to the Government of India and UNESCO.
• The event will focus on the theme: “Fostering open science, bridging knowledge asymmetry, and building science advice capacity globally”.
• It is a Sherpa-track initiative launched during India’s G20 Presidency in 2023.
• 28 countries, represented by their Chief Science Advisers (CSAs) or equivalents, and 6 international organisations will participate.
• The roundtable will be co-chaired by Prof. Ajay Kumar Sood, Principal Scientific Adviser to India, and Dr. Lidia Brito, UNESCO’s Assistant Director General (Natural Sciences).
• The event will include a free-flowing knowledge session discussing the role of science advice mechanisms in building trust and capacity.

Important Terms Explained:

• Chief Science Advisers’ Roundtable (CSAR): A platform for global Chief Science Advisers to discuss pressing global scientific issues and promote cooperation.
• UNESCO: United Nations Educational, Scientific and Cultural Organization, promoting international collaboration in education, science, culture, and communication.

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National Affairs – Daily Current Affairs September 04

13. Who launched the AgriSure Scheme to fund agri startups?
A) Narendra Modi
B) Piyush Goyal
C) Amit Shah
D) Shivraj Chouhan
E) Nitin Gadkari
Answer: D) Shivraj Chouhan

Event and Location:

• Event: Launch of the AgriSure Scheme.
• Location: New Delhi, India.

Mandates and Objectives:

• Shivraj Chouhan, Union Agriculture Minister, launched the AgriSure Scheme to provide funding to agricultural startups.
• The scheme is supported by a Rs 750 crore fund involving contributions from the Government of India, NABARD, and private investors.
• The scheme aims to promote technology-driven agricultural startups and rural enterprises.
• At the event, Chouhan revealed that Rs 78,000 crore has already been invested in the Agriculture Infrastructure Fund, resulting in 65,000 completed projects.

Important Terms Explained:

• AgriSure Scheme: A government initiative to fund and empower agriculture startups in India with a focus on innovation and technology.
• NABARD (National Bank for Agriculture and Rural Development): A development bank focusing on the advancement of agriculture and rural development in India.
• Agriculture Infrastructure Fund: A financing scheme aimed at improving agriculture infrastructure in India.

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14. Where was the Rashtriya Poshan Maah 2024 launched by the Union Minister of State for Women and Child Development?
A) Bhopal
B) Indore
C) Dhar
D) Jabalpur
E) Gwalior
Answer: C) Dhar

Event and Location:

• Event: Launch of Rashtriya Poshan Maah 2024.
• Location: Dhar district, Madhya Pradesh.
• Date: 1st September 2024.

Mandates and Objectives:

• Launched by Smt. Savitri Thakur, Union Minister of State for Women and Child Development.
• Rashtriya Poshan Maah, a month-long campaign, was initiated in 2018 under the leadership of Prime Minister Narendra Modi to combat malnutrition.
• The campaign focuses on tribal areas and aims to build a healthy, prosperous, and developed India by promoting nutrition.
• Citizens are encouraged to actively participate in events organized from 1st to 30th September to secure the future of children and support India’s growth.

Important Terms Explained:

• Rashtriya Poshan Maah: A national nutrition month dedicated to raising awareness and improving nutrition outcomes across the country.
• Malnutrition: A condition resulting from an imbalanced diet, which can lead to serious health issues, especially in children.

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15. Which organizations agreed to surrender arms and join the mainstream through the Memorandum of Settlement in Tripura?
A) NSCN and ULFA
B) NLFT and ATTF
C) Bodo Liberation Tigers
D) NDFB and Bodo Peace Accord
E) Manipur Revolutionary Front
Answer: B) NLFT and ATTF

Event and Location:

• Event: Signing of a Memorandum of Settlement.
• Location: New Delhi, India.
• Date: 4th September 2024.

Mandates and Objectives:

• A Memorandum of Settlement was signed between the Government of India, the Government of Tripura, National Liberation Front of Tripura (NLFT), and All Tripura Tiger Force (ATTF), in the presence of Union Home Minister Amit Shah.
• This agreement is a milestone toward Prime Minister Narendra Modi’s vision of a peaceful and insurgency-free Northeast India.
• NLFT and ATTF agreed to surrender arms, disband their armed organizations, and participate in the peaceful democratic process.
• A special package of Rs 250 crore has been approved to support the development of the tribal population of Tripura.
• Over 328 armed cadres will return to mainstream society as part of this settlement, helping in the creation of a developed Tripura.

Important Terms Explained:

• NLFT (National Liberation Front of Tripura): An insurgent group that previously sought an independent Tripura but has now agreed to join the mainstream.
• ATTF (All Tripura Tiger Force): Another insurgent group involved in violence in Tripura, now committed to peace under the agreement.
• AFSPA (Armed Forces Special Powers Act): A law granting special powers to the Indian armed forces in areas of conflict, lifted from Tripura in 2015.

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16. What is the name of the Blockchain Technology Stack launched by the Government of India?
A) Vishvasya
B) Praamaanik
C) NBFLite
D) NICStack
E) BharatChain
Answer: A) Vishvasya

Event and Location:

• Event: Launch of Vishvasya-Blockchain Technology Stack and other blockchain initiatives.
• Location: Ministry of Electronics and Information Technology (MeitY), India.

Mandates and Objectives:

• Vishvasya is a Blockchain Technology Stack designed to offer Blockchain-as-a-Service (BaaS) with geographically distributed infrastructure.
• The platform supports permissioned blockchain applications and enhances digital trust, security, and transparency for citizen-centric services.
• Along with Vishvasya, the government also launched NBFLite, a lightweight blockchain sandbox platform for startups and academia, and Praamaanik, a blockchain-enabled solution for verifying the origin of mobile apps.
• The National Blockchain Framework (NBF), supported by NIC Data Centers in Bhubaneswar, Pune, and Hyderabad, aims to facilitate secure, trusted, and transparent service delivery through blockchain technology.

Important Terms Explained:

• Blockchain-as-a-Service (BaaS): A service that allows businesses and organizations to use blockchain technology as a service on a pay-per-use or subscription basis.
• Permissioned Blockchain: A type of blockchain where access is restricted to authorized participants, ensuring privacy and control.
• Praamaanik: A blockchain solution developed to verify the authenticity of mobile applications.

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Over All Review

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