Current Affairs 4 January 2024

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UGC launches Annual Skill Enhancement Scheme for employees.

  •  The University Grants Commission (UGC) announced the launch of its Annual Capacity-Building Plan (ACBP) with the intention of upgrading the skills of its employees.
  • Professor Mamidala Jagadesh Kumar, Chairman, UGC, officially launched the inaugural ACBP of the Commission, emphasizing its role in promoting development and skill enhancement among the employees.


Vodafone Idea refutes any collaboration with Elon Musk’s Starlink.

  •  Vodafone Idea stock suffered a 10% drop after Elon Musk denied Starlink collaboration rumors.
  • SEBI has sought clarification as market speculation increases regarding strategic alliance in India’s telecom sector.
  • Reports suggest the Indian government’s potential stake is being sold to Starlink, triggering a regulatory investigation.


UP government launches Rahat Vani Center for early warning of disasters.

  •  Durga Shankar Mishra inaugurated ‘Rahat Vani Kendra’.
  • The centre, located in Lalbagh, aims to enhance the state’s resilience in multi-hazard scenarios by providing timely alerts, relief coordination and compensation to victims.
  • RVC collaborates with India Meteorological Department, Indian Institute of Tropical Meteorology Pune, ISRO’s National Remote Sensing Applications and others.


IREDA declares 2024 as ‘Year of Human Resource Development and Discipline’.

  •  IREDA CMD Pradeep Kumar Das has declared 2024 as the ‘Year of Human Resource Development and Discipline’.
  • CMD appreciated the efforts of the employees who have taken IREDA to new heights.
  • This move reflects IREDA’s commitment to evolve and adapt to new challenges while prioritizing the development and discipline of its human resources to drive the progress of the organization.


Indian Renewable Energy Development Agency Limited (IREDA).

  • (IREDA), is a Mini Ratna (Category – I) enterprise of the Government of India under the administrative control of the Ministry of New and Renewable Energy (MNRE).
  • IREDA is a public limited government company established in 1987 as a non-banking financial institution.
  • Motto: “Energy Forever”
  • Chairman & MD: Pradeep Kumar Das
  • CFO: Bijay Kumar Mohanty


NDMC announces plan to upgrade schools with tablets and sports infra

  •  New Delhi Municipal Council revealed plans to expand facilities in its schools during the financial year 2024-25.
  • The initiative includes providing 9,000 tablets to students, upgrading sports training infrastructure and setting up nature-based classes.
  • NDMC member Kuljeet Singh emphasizes on the goal of achieving Developed India@2047 by creating modern educational infrastructure.


Francoise Bettencourt Meyers has become the inaugural female to amass a staggering $100 billion.

  •  L’Oréal heiress Francoise Bettencourt Meyers became the first woman in the world to have a net worth of $100 billion.
  • L’Oréal Group, the world’s major cosmetics company, possesses brands like Lancome and Maybelline.
  • Reported sales of over €38 billion ($42 billion) in 2022.
  • L’Oréal to acquire Australian brand Aesop in a $2.5 billion deal in 2022.
  • This is the largest brand acquisition in L’Oreal’s history.


Pinky appointed ambassador of ‘Beti Bachao, Beti Padhao’ campaign.

  • Pinky was appointed the brand ambassador for the ‘Beti Bachao, Beti Padhao’ campaign in Mirzapur.
  • Union Minister Anupriya Patel and Under Secretary of the Ministry of Women and Child Development Jyotika initiated the decision to give this honor to Pinky.
  • The move aims to empower Pinky and act as a source of inspiration for other girls, promoting education and gender equality in the region.


Sukhwinder Singh Sukhu inaugurates five-day winter carnival in Manali.

  • The five-day festival begins with prayers at the historic Hidimba temple, followed by flagging off of the carnival parade.
  • More than 250 women troupes and cultural troupes from Himachal Pradesh and other states participate in the parade showcasing the vibrant traditions and cultures.
  • Inauguration of cultural program at Manu Rangshala, in which 25 cultural groups performed.


Binny Bansal forays into e-commerce again with ‘Oppdoor’.

  • Flipkart co-founder Binny Bansal has announced the launch of his new startup named ‘Oppdoor’.
  • The company, formerly known as Three State Ventures Pte Ltd, operated as a venture capital firm before rebranding.
  • Oppdoor’s primary goal is to help e-commerce companies expand their global operations by providing end-to-end solutions.


Arvind Kejriwal gives green signal to eco-friendly industrial center in Rani Kheda.

  •  Chief Minister Arvind Kejriwal approved the proposal for a permanent industrial center in northwest Delhi.
  • The 147-acre eco-friendly center focuses on IT, ITES, research and service industries, promoting employment opportunities.
  • The project gives priority to pollution-free industries, thereby promoting the transformation of Delhi into a manufacturing and trade hub.


Declaration of abdication of Queen Margrethe II.

  • Denmark’s Queen Margrethe II announced her surprise abdication in a New Year’s TV address.
  • On January 14, 2023, the Queen will officially abdicate her throne, commemorating 52 years since she ascended to the position of Queen in 1972.
  • His son, Crown Prince Frederick, will succeed him as King and head of state of Denmark. No formal coronation ceremony is planned.


Justice B.R. Gavai – Chairman of the Supreme Court Legal Services Committee.

  •  National Legal Services Authority (NALSA) headed by Justice B.R. Nominated Gavai as Chairman of the Supreme Court Legal Services Committee.
  • Justice Sanjiv Khanna was replaced as Chairman of the Supreme Court Legal Services Committee.
  • Justice Sanjiv Khanna was previously the senior-most judge and currently serves as the acting Chairman of NALSA.


Reliance Industries becomes first company in India to achieve ISCC-Plus certification.

  • ISCC-Plus certification applies to RIL’s Jamnagar refinery in Gujarat.
  • Jamnagar Refinery can produce up to 600 tonnes of pyrolysis oil per month.
  • ISCC Plus certification ensures transparency and traceability of sustainable feedstocks.
  • Tracks bio-based, circular, or renewable materials throughout the value chain.
  • Reliance Industries is the largest integrated petrochemical producer in India.


NSE’s investor base to increase to 8.5 crore in 2023; Maharashtra is at the forefront.

  • NSE investor base to grow by 22% to 8.54 crore in 2023, reflecting growing participation from retail investors.
  • Maharashtra leads with 1.49 crore investors, followed by Uttar Pradesh with 90 lakh, Gujarat with 77 lakh and West Bengal with 48 lakh registered investors.
  • Nifty gives 20% return in 2023; India’s market capitalization crossed $4 trillion in December 2023.


China’s ultra-deepwater drilling ship ‘Mengjiang’.

  • China’s first ocean drilling ship, ‘Mengjiang’, sets sail to explore the mysteries of the Earth’s mantle, representing humanity’s first attempt to explore the upper mantle.
  • Developed by the China Geological Survey, ‘Mengjiang’ is the result of a collaboration of more than 150 research institutions and companies, marking a significant advance in deepsea drilling capabilities.




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