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Banking Current Affairs : 11th May 2024

Today’s Current Affairs: 11th May 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc

India’s 1st Commercial Utility-Scale BESS Project Received Regulatory Approval:

  • DERC grants regulatory approval to Battery Energy Storage System with GEAPP’s support
  • India’s 1st commercial standalone Battery Energy Storage System (BESS) project has received the regulatory approval from the Delhi Electricity Regulatory Commission (DERC).
  • The project is being developed by BSES Rajdhani Power Limited (BRPL) in partnership with India Grid Trust (IndiGrid) , and the Global Energy Alliance for People and Planet (GEAPP).
  • The project, a 20 megawatt (MW)/40 megawatt hour (MWh) BESS, is set to be installed at BRPL’s 33/11 kilovolt (kV) Kilokari substation, Delhi.

India Overtakes Japan To Become World’s 3rd Largest Solar Power Generator:

  • As per the report “Global Electricity Review 2024” by the international energy analytics agency Ember, in 2023, India surpassed Japan to become the world’s third-largest producer of solar power, generating 113 Terawatt-hour (TWh) compared to Japan’s 110 Terawatt-hour (TWh).

Climeworks Opened World’s Largest DAC + S Plant ‘Mammoth’ in Iceland:

  • Swiss startup Climeworks AG has opened the world’s largest operational Direct Air Capture and Storage(DAC + S) plant named “Mammoth” in Iceland.
  • It will extract Carbon Dioxide(CO2) from the air and store it underground in the form of rock.
  • The plant has the capacity to capture up to 36, 000 tons of CO2 per annum.

YES BANK Partnered with EBANX to Empower Cross-Border Commerce in India:

  • YES BANK and EBANX Announce Strategic Partnership to Empower Cross-Border Commerce in India YES Bank Ltd (Youth Enterprise Scheme Bank), a leading private sector bank in India, partnered with EBANX for payment processing in India for the global digital economy.
  • This partnership aims to streamline cross-border payment processing and enhance global commerce opportunities for international merchants and Indian customers in India.

NPCI issues Guidelines for Merchant Acquisition on BHIM Aadhar Pay:

  • The National Payments Corporation of India (NPCI) has issued guidelines shifting the responsibility of verifying merchant details onto acquiring banks for Bharat Interface for Money (BHIM) Aadhaar Pay (BAP), where merchants receive digital payments through Aadhaar Authentication.

India contributes USD 500,000 to U.N. Trust Fund for Counter-TerrorismIndia contributes $5,00,000 to U.N. Counter-Terrorism Trust Fund:

  • India’s Permanent Representative to the United Nations (UN) Ambassador Ruchira Kamboj presented a voluntary financial contribution of USD 500,000 to the UN Trust Fund for Counter-Terrorism, and handed over to Under Secretary General, United Nations Office of Counter-Terrorism (UNOCT) Vladimir Voronkov.
  • This contribution aims to support UNOCT’s global programmes, focusing on Countering Financing of Terrorism (CFT) and Countering Terrorist Travel Programme (CTTP).

SEBI Mandates Standardized Periodic Reporting for Investment Advisers:

  • Securities Exchange Board of India (SEBI) has mandated Investment Advisers (IAs) to submit periodic reports for half-yearly periods ending on September 30 and March 31 of every financial year.
  • These reports encompass various details, including shareholding pattern, Investment Adviser Administration and Supervisory Body (IAASB) membership number, SEBI registration number, complaints filed against the IA, and social media handles, among others.

Google Launched Google Wallet for Android Users in India:

  • Google Wallet launched for Android users in IndiaGoogle has launched Google Wallet, a secure and private digital wallet for all Android users in India to store cards, passes, tickets, keys, or IDs.
  • It offers users a single, organised location for quick and easier access to digital documents integrated with QR codes.
  • Google Wallet in India will not support payment-related features. Google Pay, Google’s mobile payment app, will continue to serve the payment needs of users in India.

Peucetia chhaparajnirvin: New Green Lynx Spider Discovered from Rajasthan:

  • Atul Bodkhe, Daryapur-based arachnologist has identified a new green lynx spider species named Peucetia chhaparajnirvin from Tal Chhapar Wildlife Sanctuary in Churu District, Rajasthan.
  • The new species was named “chhaparajnirvin “ after the Tal Chhapar where it was discovered by Nirmala Kumari and Vinod Kumari.

Indian Boxers clinch 43 Medals at the ASBC Asian U-22 and Youth Boxing Championships 2024:

  • The Indian boxing team bagged a total of 43 medals at the Asian Boxing Confederation (ASBC) Asian U-22 and Youth Boxing Championships 2024, held in Astana, Kazakhstan, from April 25 to May 8, 2024.

World Red Cross and Red Crescent Day 2024:

  • World Red Cross and Red Crescent Day is annually observed across the globe on 8th May to honour and thank the volunteers and staff of the International Red Cross and Red Crescent Movement.

India’s Industrial Production Growth Slows to 4.9% in March 2024:

  • India’s industrial production growth rate decelerated to 4.9% in March 2024 compared to 5.7% in February, as per data from the Ministry of Statistics and Programme Implementation.

Japan and Nagaland Inaugurate Kohima Peace Memorial and Eco Park:

  • The Kohima Peace Memorial and Eco Park in Nagaland hold profound significance, celebrating the collaborative effort between the Government of Japan, the Japanese International Cooperation Agency, and the Government of Nagaland.

Putin Reappoints Mikhail Mishustin as Russian Prime Minister:

  • Russian President Vladimir Putin has reappointed Mikhail Mishustin as the Prime Minister of Russia, subject to approval by the lower house of parliament, the State Duma.

New Zealand’s Colin Munro Announces Retirement from International Cricket:

  • Colin Munro, the hard-hitting New Zealand top-order batsman, has announced his retirement from international cricket after being overlooked for the upcoming T20 World Cup.

Zeta Launches Digital Credit as a Service for Banks in India: Revolutionizing Credit Access:

  • Zeta, a global provider of cutting-edge banking technology, has unveiled its Digital Credit as a Service offering at Democratizing Credit 2024.
  • Leveraging NPCI’s Credit Line on UPI scheme, Zeta aims to tap into the burgeoning credit market in India, projecting transaction volumes to surpass $1 trillion by 2030.

RBI Appoints R. Lakshmi Kanth Rao as Executive Director:

  • The Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as Executive Director, effective from May 10, 2024.
  • Rao brings over 30 years of experience at the RBI, having previously served as Chief General Manager in charge of the Department of Regulation