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Banking Current Affairs : 4th May 2024

Today’s Current Affairs: 4th May 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc

2nd Session of India-Nigeria Joint Trade Committee:

  • A seven-member delegation from India led by the Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, accompanied by the High Commissioner of India to the Federal Republic of Nigeria, and Economic Adviser, Department of Commerce, Ms. Priya P. Nair held a Joint Trade Committee (JTC) meeting with their Nigerian counterparts in Abuja.

India’s services exports growth enters slow lane in FY24:

  • After recording double-digit growth for two consecutive years, India’s services exports decelerated in FY24 to a three-year low, with a modest increase of 4.9% to $341.1 billion, data released by the Reserve Bank of India showed.

Ministry of Mines Signed a MoU with Shakti for Sharing Knowledge in Critical Minerals:

  • The Ministry of Mines signed a Memorandum of Understanding (MoU) with Shakti Sustainable Energy Foundation during the opening ceremony of Critical Minerals summit held in New Delhi, Delhi.
  • Key Partners in the MoU are: Ministry of Mines, Shakti Sustainable Energy Foundation(Shakti), Council on Energy, Environment and Water(CEEW) and The Energy and Resources Institute(TERI).

RailTel and Quadrant Future Tek signed MoU to implement KAVACH Globally:

  • RailTel Corporation of India Limited (RailTel) signed a Memorandum of Understanding (MoU) with Mohali (Punjab)-based Quadrant Future Tek Limited to explore and deliver train collision avoidance system ‘KAVACH’ implementation projects in India and other countries.

CAG of India Signed MoU with Auditor General of Nepal to Enhance Audit Expertise:

  • The Comptroller and Auditor General(CAG) of India, Girish Chandra Murmu signed a Memorandum of Understanding (MoU) with Toyam Raya, Auditor General of Nepal, to enhance collaboration and exchange of expertise in the field of auditing between Supreme Auditing Institutions (SAIs) of India and Nepal.

SEBI Amends Mutual Fund Regulations to Curb Fraudulent Practices:

  • The Securities and Exchange Board of India (SEBI) approved amendments to SEBI (Mutual Funds) Regulations, 1996 to enhance the existing regulatory framework by mandating Asset Management Companies (AMCs) to execute a strong “institutional mechanism” to curb fraudulent practices like front-running and insider trading.

India has Low Health Insurance Coverage for Older Citizens: ADB report

  • According to the inaugural ‘Aging Well in Asia: Asian Development Policy Report‘ released by the Asian Development Bank (ADB) on 2nd May 2024, India has the lowest health insurance coverage among older people standing at only 21%.
  • While, South Korea and Thailand, have already achieved universal health coverage.
  • The aging population in Asia and the Pacific is set to nearly double by 2050 to 1.2 billion or 25.2% of the regional population from 13.5% in 2022, emphasizing the need for pension, welfare, and healthcare programs.

SEBI Made Mandatory Registration of PMS Distributors with APMI

  • Securities and Exchange Board of India(SEBI) issued a directive and has mandated that any person or entity involved in the distribution of Portfolio Management Services (PMS) should obtain registration with Association of Portfolio Managers in India(APMI).

OECD Revised India’s GDP Growth Forecast for FY25 to 6.6%:

  • According to “OECD Economic Outlook Paris(France) based Organisation for Economic Co-operation and Development (OECD) has raised India’s GDP (Gross domestic product) growth forecast for FY25 (2024-25) by 40 basis points (bps) to 6.6% from 6.2% projected earlier.
  • Global GDP growth is projected at 3.1% in 2024 and 3.2% in 2025 supported by factors including stronger real income growth and lower policy interest rates.

Whitley Gold Award 2024:

  • A wildlife biologist from Assam, Dr Purnima Devi Barman has been honoured with Whitley Gold Award 2024 aka ‘Green Oscar’ by the Whitley Fund for Nature (WFN) at a Royal Geographical Society awards ceremony in London, United Kingdom (UK).
  • The award acknowledged her conservation efforts of the endangered Greater Adjutant Stork (known locally as ‘Hargila‘ in Assamese) and its wetland habitat.
  • The award, worth Great British Pound (GBP) 100,000 for project funding, supports grassroots conservation leaders from around the world.

China Successfully Launches ‘Chang’e-6,’ World’s 1st Mission to Bring Samples from Moon:

  • China National Space Administration (CNSA) successfully launched an uncrewed lunar probe, namely “Chang’e-6,” through Long March- 5 Y8 carrier rocket from the Wenchang Space Launch Center in the southern province of Hainan, China.

World Press Freedom Index 2024 Announced:

  • India Ranked 159th Out of 180 Countries, This marks a slight improvement from its previous rank of 161

Veteran Politician and Former Union Minister V. Srinivas Prasad Passes Away:

  • The Indian political landscape has lost a seasoned leader with the passing of V. Srinivas Prasad, a Bharatiya Janata Party (BJP) Member of Parliament (MP) and former Union Minister.

India to Host 2025 BWF World Junior Badminton Championships in Guwahati:

  • The Badminton World Federation (BWF) has announced that India will host the prestigious 2025 BWF World Junior Championships at the National Centre of Excellence in Guwahati.

Batillipes chandrayaani : New Species Of Marine Tardigrade

  • A new species of marine tardigrade discovered from the southeast coast of Tamil Nadu has been named Batillipes chandrayaani after the Chandrayaan-3.

6th International Conference On Disaster Resilient Infrastructure (ICDRI) 2024:

  • The Prime Minister of India addressed the 6th International Conference on Disaster Resilient Infrastructure (ICDRI) 2024.
  • ICDRI is the annual international conference of the Coalition for Disaster Resilient Infrastructure (CDRI) in partnership with member countries, organisations and institutions.