Daily Current Affairs – 15 January 2024

These current affairs today are a part of our daily current affairs. We cover a wide range of topics from state, national, and international news that are relevant and important for competitive exams. Our team prepares today’s current affairs after going through many newspapers, such as The Hindu, Indian Express, PIB, PRS, etc.

Scroll down for current affairs of 15th January, 2024.

Vibrant Gujarat Summit Comes To An End

  • The Vibrant Gujarat Global Summit has concluded in Gandhinagar, marking the signing of Memoranda of Understanding (MoUs) exceeding 26 lakh crore rupees. 
  • Union Home and Cooperation Minister Amit Shah is optimistic about India securing a position among the top three economies under PM Modi’s third term. 
  • This 10th edition witnessed the commitment of investments totaling 26.33 lakh crore rupees across 41,299 projects in 2024. 
  • Notably, the total value of MoUs, post the 9th edition, surpasses 45 lakh crore rupees, with a substantial focus on the green energy sector.
  • The theme for this year’s three-day summit is ‘Gateway to the Future,’ attracting participation from 34 partner countries and 16 partner organizations. 
  • Additionally, the Ministry of Development of the North-Eastern Region utilizes this platform to showcase investment opportunities in the North-Eastern regions. 
  • Originating in 2003 under the initiative of Narendra Modi, then chief minister, the Vibrant Gujarat Global Summit aims to position Gujarat prominently on the global trade and industry map.

RBI Deputy Governor Michael Patra receives a one-year extension

  • Responsible for the crucial monetary policy department and a member of the rate-setting panel, Patra’s tenure extension, effective January 15, reflects the government’s confidence. 
  • Initially appointed in January 2020 for three years, his term was extended last year. 
  • Patra, with a career spanning back to 1985 as a central banker, held various positions within the RBI. 
  • His continuity on the Monetary Policy Committee (MPC) since its inception in 2016 is noteworthy. 
  • Having served in the International Monetary Fund (IMF) as Senior Adviser to the Executive Director (India) from December 2008 to June 2012, Patra’s expertise further solidifies his role in shaping India’s economic policies.

RBI: 

Headquarters: Mumbai, Maharashtra, India

Governor: Shaktikanta Das

Deputy Governors: 

  1. Shri M. Rajeshwar Rao
  2. Shri Swaminathan J
  3. Shri T. Rabi Sankar
  4. Dr. M.D. Patra

The Reserve Bank Has Imposed Fines Totaling Rs 2.49 Crore On Three Banks

  • The Reserve Bank has imposed fines totaling Rs 2.49 crore on three banks, including Dhanlaxmi Bank and Punjab and Sind Bank, for breaching regulatory norms. 
  • Dhanlaxmi Bank faces a penalty of Rs 1.20 crore for not complying with certain directives on ‘Loans and Advances Statutory and Other Restrictions’, KYC, and deposit interest rate norms. 
  • Punjab and Sind Bank are fined Rs 1 crore for similar non-compliance issues, while ESAF Small Finance Bank incurs a penalty of Rs 29.55 lakh for not following the RBI’s directions on ‘Customer Service in Banks’. 
  • The penalties are attributed to regulatory compliance shortcomings and do not question the validity of transactions or agreements between the banks and their customers.

Classical Singer Dr. Prabha Atre, A Stalwart Of The Kirana Gharana Has Passed Away 

  • The renowned classical singer Dr. Prabha Atre, a stalwart of the Kirana Gharana, has passed away at the age of 92. 
  • Dr. Atre, who received all three Padma awards from the Indian government, was a multifaceted personality excelling in various fields, including academics, research, composition, and authorship. 
  • Her global contribution to popularizing Hindustani classical vocal music, covering styles like Khayal, Thumri, Dadra, Ghazal, geet, Natyasangeet, and bhajans, was remarkable. 
  • Having received the Padma Vibhushan in 2022, Padma Shri in 1990, and Padma Bhushan in 2002, she was also honored with the Sangeet Natak Akademi Award in 1991.

NTPC Green Energy Ltd. Signed MoUs With Gujarat State Petroleum Corporation Ltd. (GSPC) and Gujarat Pipavav Port Ltd. (GPPL)

  • In another development, NTPC Green Energy Ltd. has signed MoUs with Gujarat State Petroleum Corporation Ltd. (GSPC) and Gujarat Pipavav Port Ltd. (GPPL). 
  • The collaboration aims to blend Green Hydrogen into GSPC’s gas networks, promote Green Hydrogen mobility, and develop a green hydrogen ecosystem, including the production of green ammonia. 
  • NGEL, a subsidiary of NTPC, is at the forefront of NTPC’s Renewable Energy journey, with significant operational and pipeline capacities. 
  • GSPC and GPPL play vital roles in the gas trading and port sectors, respectively.

Indian Army Builds A Secure Mobile Ecosystem Called SAMBHAV

  • In adherence to the spirit of ‘Atmanirbhar Bharat,’ the Indian Army has independently crafted a secure mobile ecosystem called SAMBHAV (Secure Army Mobile Bharat Version). 
  • This advanced system, operating on 5G technology, signifies a substantial advancement in India’s defense capabilities. 
  • Developed in collaboration with national centers of excellence in academia and industry, SAMBHAV ensures secure communication with instant connectivity, addressing the vulnerabilities of mobile networks to eavesdropping. 
  • It aligns with India’s pursuit of “dual-use infrastructure” and embodies “civil-military fusion” in emerging technology, featuring multi-layered encryption within a pan-India secure ecosystem.

Indian Bank Partners With FPL Technologies To Launch the Indian Bank One Co-branded Credit Card

  • Moving on, the public sector Indian Bank has joined forces with FPL Technologies to introduce the Indian Bank One Co-branded Credit Card. 
  • Utilizing the Visa and RuPay platforms, these cards, issued by Indian Bank and managed by FPL Technologies, bring together expertise from Indian Bank, FPL Technologies, NPCI, and VISA, promising unparalleled services in the credit card domain.

SBI Introduces Green Rupee Term-Deposit Scheme

  • In the financial sector, the State Bank of India (SBI), the country’s largest lender, has introduced a green rupee term-deposit scheme. 
  • This initiative aims to finance environmentally friendly projects and is open to all individuals, including non-resident Indians. Investors can choose from three different tenors: 1,111 days, 1,777 days, and 2,222 days.
  • Initially accessible through branches, the scheme will soon be available through digital channels like Yono and online banking.
  • For clarity, a green deposit is an interest-bearing deposit earmarked for green finance, covered by the Deposit Insurance and Credit Guarantee Corporation.

Indian Bank: 

Founded: 15 August 1907

Founder: S. Rm. M. Ramaswami Chettiar

Headquarters: Chennai, India

MD & CEO: Shanti Lal Jain

Websites Of Binance, Kucoin, OKX, Etc, Become Inaccessible In India

  • The websites of major global cryptocurrency exchanges like Binance, Kucoin, OKX, and others have been inaccessible in India.
  • This action follows show-cause notices sent by the government to these exchanges, including Binance and Kucoin, for non-compliance with the country’s money laundering laws. 
  • The notices were issued on December 28 of the previous year, stating that these companies were operating illegally in India by not registering and adhering to local tax regulations. 
  • Consequently, the finance ministry instructed the information technology ministry to block their website URLs. 
  • Recently, Apple also removed some of these global cryptocurrency exchanges from its App Store in India.

LG Electronics Established Its First Plant For EV Charging Stations

  • LG Electronics has established its first plant for electric vehicle (EV) charging stations in the United States, specifically in Fort Worth, Texas. 
  • With an annual capacity exceeding 10,000 units, LG’s strategy is to venture into the rapidly growing EV charging solutions business.
  • The plant will produce 11-kilowatt wall-mounted and stand-type slow chargers, along with 175 kW fast-charging models, available in the U.S. market in the first half of 2024. 
  • The 11 kW units feature a load management solution that adjusts the output based on the power situation in commercial spaces, ensuring stable quality charging services even with limited power capacity. 
  • The fast-charging model supports both Combined Charging Standard version 1 and North American Charging Standard connectors, enhancing the convenience of the charging experience for customers.

Today’s Current Affairs MCQs/ GK Quiz 15th January 2024

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