Daily Current Affairs, 26th September 2024, Important News Headlines (Daily GK Update)
stay connected for the most significant current affairs of September 26, 2024, to remain informed about the most recent national and international news, significant developments, and key events.
National News
Central Silk Board Commemorates 75 Years of Supporting India’s Silk Industry
The Central Silk Board (CSB) commemorated its Platinum Jubilee in Mysuru on September 20, 2024, marking a significant milestone. A number of dignitaries attended the event, which celebrated 75 years of dedicated service to India’s silk industry. The event also featured several significant launches and releases.
States News
After 150 years, Kolkata’s renowned trams are scheduled to be discontinued.
The Kolkata trams, which have been in operation since the late 19th century, are a testament to the city’s extensive transit history. The Kolkata tram is scheduled to be discontinued in the near future as a result of congestion. Nevertheless, one route will continue to be operational.
The Mankidia community has become the sixth PVTG to receive Habitat Rights over forests in Odisha.
The Mankidia community has recently become the sixth particularly vulnerable tribal group (PVTG) to obtain habitat rights over forests in Odisha.The Mankidia are a semi-nomadic community that is renowned for their traditional skills in rope making, trapping, and consuming primates.
International News Pakistan Receives $7 Billion Loan from the International Monetary Fund
A new $7 billion loan has been approved by the International Monetary Fund (IMF) in order to provide assistance to Pakistan’s economically distressed economy. This decision, which was announced on Wednesday, was made more than two months after the initial negotiations between the IMF and Pakistani authorities were concluded with a staff-level agreement.
In January, Thailand will permit the matrimony of same-sex couples.
Thailand is the third country in Asia to permit same-sex marriage, following Nepal and Taiwan. The measure provides marriage partners of any gender with full legal, financial, and medical rights. Thailand’s groundbreaking marriage equality measure was formally enacted, enabling same-sex couples to legally marry.
News on Appointments The Centre has announced the appointment of the Chief Justices of eight high courts.
In order to guarantee the efficient operation of the judicial system in a variety of states, the Central Government, through the Ministry of Law and Justice, announced the appointment of Chief Justices to eight High Courts. The appointment of Chief Justices to eight High Courts was announced by Union Law Minister (Independent Charge) Arjun Ram Meghwal.
New Appointments
— Chief Justice of Delhi High Court, Justice Manmohan (currently serving as Acting CJ).
Chief Justice of the Himachal Pradesh High Court is Justice Rajiv Shakdher, who is currently a judge at the Delhi High Court.
Chief Justice of Madhya Pradesh High Court: Justice Suresh Kumar Kait (Judge of Delhi HC).
4. Chief Justice of Meghalaya High Court: Justice Indra Prasanna Mukerji (Judge of Calcutta HC).
Chief Justice of Kerala High Court: Justice Nitin Madhukar Jamdar (Judge of Bombay HC).
Justice Tashi Rabstan, Chief Justice of the Jammu & Kashmir & Ladakh High Court, is a judge of the J&K&L HC.
Chief Justice of Madras High Court: Justice KR Shriram (Judge of Bombay HC).
Chief Justice of the Jharkhand High Court is Justice MS Ramachandra Rao, who is currently the Chief Justice of the High Court of Himachal Pradesh.
Banking News
Axis Bank and Mastercard Introduce the MyBiz Credit Card for Small Business Owners
Axis Bank, a prominent private sector bank in India, has formed a partnership with Mastercard, a global payments technology company, to introduce the MyBiz credit card, which is particularly tailored for small business owners and sole proprietors. This premium World Mastercard® provides a comprehensive array of business and travel benefits that are specifically designed to accommodate the diverse requirements of small and medium-sized enterprises (SMEs ).
Bank of Baroda and EaseMyTrip Introduce a Co-Branded Travel Debit Card
The Bank of Baroda EaseMyTrip Co-branded Travel Debit Card has been introduced by the bank in partnership with EaseMyTrip.com. The card is designed to appeal to frequent travelers and individuals who enjoy entertainment and a lifestyle. This initiative is the first co-branded travel debit card to be launched by a public sector bank in India, a reflection of the increasing trend toward customized financial products.
Economy News
ADB Maintains India’s Economic Growth Forecast at 7% for FY24 and 7.2% for FY25
India’s GDP growth is anticipated to be 7% in FY2024 and 7.2% in FY2025, according to the Asian Development Bank (ADB) in its September 2024 Asian Development Outlook. The government’s fiscal consolidation efforts and resilience in the face of global geopolitical challenges are credited by the report with this sustained growth. The ADB emphasizes that agricultural improvements, robust performance in the industrial and services sectors, and rural expenditure are the primary growth drivers for FY2024. Private investments, urban consumption, and job creation through employment-linked incentives are anticipated to contribute to economic growth in FY2025.
Moody’s Upgrades India’s Economic Growth Forecast to 7.1% for CY 2024
Moody’s has increased its projection for India’s GDP growth in calendar year (CY) 2024 from 6.8% to 7.1%, as of June. This upgrade underscores India’s critical position in fostering growth in the Asia-Pacific region, which is anticipated to surpass global economies in the years ahead. In addition to the World Bank and the IMF, other global institutions have also revised their projections, indicating a growing level of confidence in India’s economic momentum in the face of potential global challenges.
UPI is now required for bids of up to ₹5 lakh in public debt issues.
The Securities and Exchange Board of India (SEBI) has implemented new guidelines that mandate retail investors to utilize the Unified Payments Interface (UPI) to restrict funds when applying for public debt securities offerings of up to ₹5 lakh. The objective of this regulation is to simplify the application procedure for individual investors who are involved in public debt issues, such as municipal debt securities, securitized debt instruments, and non-convertible redeemable preference shares. The new rule, which is a component of SEBI’s initiative to improve efficiency and align the process with equity share applications, will be implemented on November 1, 2024.
Business News Dassault Aviation Establishes a New Military MRO Subsidiary in India
Dassault Aviation, the esteemed French aircraft manufacturer renowned for its Rafale fighter planes, has made a substantial stride toward expanding its market presence in India. The company announced the creation of a new subsidiary on Wednesday that is exclusively dedicated to military Maintenance, Repair, and Overhaul (MRO) operations in India.
ABHED LightWeight Bulletproof Jackets are being developed by India’s DRDO and IIT Delhi, according to Defense News.
In collaboration with specialists from the Indian Institute of Technology (IIT) Delhi, the Defence Research & Development Organisation (DRDO) of India has developed ABHED (Advanced Ballistics for High Energy Defeat), which are lightweight bulletproof jackets.
Schemes News CM-SATH Scheme Officially Launched to Support Meritorious Students
The CM-SATH scheme was formally introduced by Chief Minister Dr. Manik Saha with the objective of enhancing the educational opportunities of the state’s most talented students. The state government’s dedication to quality education is evident in the initiative, which is intended to offer financial assistance to deserving students in pursuit of higher education.
Launch of “Paridhi 24×25” by the Union Minister of Textiles
The India-specific fashion trend book “Paridhi 24×25,” a bilingual web portal of VisioNxt, and an AI Taxonomy e-book were launched on September 5, 2024, by Union Minister of Textiles, Shri Giriraj Singh, and Union Minister of State for External Affairs & Textiles, Pabitra Margherita. Over 150 industry executives from the fashion, textiles, and retail sectors, as well as prominent craftsmen and weavers from a variety of craft clusters, attended this significant event. VisioNxt has already generated over 60 micro trend reports, over 10 close-to-season trend reports, three research papers, and the first AI Taxonomy book on Indian wear categories.
Significant Dates World Maritime Day 2024: Prioritizing Safety in the Future
The theme of World Maritime Day 2024, which will be observed on September 26, 2024, is “Navigating the Future: Safety First!” This theme emphasizes the International Maritime Organization’s (IMO) dedication to the protection of the marine environment, the enhancement of maritime safety and security, and the continuation of regulatory developments in accordance with technological advancements.
September 26 is the International Day for the Total Elimination of Nuclear Weapons.
The United Nations General Assembly (UNGA) made a significant stride toward global nuclear disarmament in 2013 by designating September 26 as the International Day for the Total Elimination of Nuclear Weapons, also known as Nuclear Abolition Day.. This declaration was formally established by UNGA Resolution 68/32.
Miscellaneous News
After scaling an unclimbed peak in Arunachal Pradesh, mountaineers decide to name it after the Sixth Dalai Lama.
A team from the National Institute of Mountaineering and Adventure Sports (NIMAS) has achieved an extraordinary mountaineering feat by successfully scaling an unnamed and unclimbed peak in the Gorichen range of the Arunachal Pradesh Himalayas in the Tawang-West Kameng region. The peak is 6383 MSL or 20,942 ft in height.
MCQ
1. What milestone did the Central Silk Board (CSB) commemorate on September 20, 2024?
Answer: Platinum Jubilee (75 years of supporting India’s silk industry)
2. Why are Kolkata’s trams scheduled to be discontinued?
Answer: Due to congestion
3. Which community in Odisha recently received habitat rights over forests, making them the sixth PVTG to do so?
Answer: Mankidia community
4. How much loan did Pakistan receive from the International Monetary Fund (IMF)?
Answer: $7 billion
5. Which Asian country will permit same-sex marriage starting in January?
Answer: Thailand
6. How many Chief Justices were appointed to high courts by the Central Government?
Answer: Eight Chief Justices
7. What is the name of the credit card introduced by Axis Bank in partnership with Mastercard?
Answer: MyBiz Credit Card
8. Which bank partnered with EaseMyTrip to launch a co-branded travel debit card?
Answer: Bank of Baroda
9. What is the projected GDP growth rate for India for FY2024 according to the ADB?
Answer: 7%
10. What significant change did SEBI announce regarding public debt issues for retail investors?
Answer: UPI is now required for bids of up to ₹5 lakh
11. What new subsidiary did Dassault Aviation establish in India?
Answer: A military Maintenance, Repair, and Overhaul (MRO) subsidiary
12. What is the name of the lightweight bulletproof jackets developed by DRDO and IIT Delhi?
Answer: ABHED (Advanced Ballistics for High Energy Defeat)
13. What is the purpose of the CM-SATH scheme launched by Chief Minister Dr. Manik Saha?
Answer: To support meritorious students in pursuing higher education
14. What fashion trend book was launched by the Union Minister of Textiles on September 5, 2024?
Answer: “Paridhi 24×25”
15. What is the theme for World Maritime Day 2024?
Answer: “Navigating the Future: Safety First!”
16. What significant event is observed on September 26 regarding nuclear disarmament?
Answer: International Day for the Total Elimination of Nuclear Weapons
17. What peak did mountaineers decide to name after the Sixth Dalai Lama?
Answer: An unnamed peak scaled in Arunachal Pradesh
