History of 4th November
- 1618: Mughal ruler Aurangzeb was born.
- 1876: Bhai Parmanand, a great revolutionary of Indian freedom struggle, was born.
- 2008: Barack Obama became the first American President of African origin.
- 1845: India’s famous revolutionary Vasudev Balwant Phadke was born.
Reserve Bank of India Expands Alert List of Unauthorized Foreign Exchange Shares
The Reserve Bank of India has expanded the alert list of unauthorized foreign exchange shares by adding 13 new shares, taking the total number to 88. This list includes the names of shares which are not authorized to make delivery in forex or operate electronic trading platforms under the Foreign Exchange Management Act 1999.
Approval of New UPI Bank by NPCI
The new UPI bank has received approval from the National Payments Corporation of India, ending a nine-month ban on its shares by the Reserve Bank of India. The announcement is expected to increase the volume of crowd in UPI and strengthen its market position. In January 2024, RBI had banned the addition of new UPI customers. Due to this, the company’s UPI market share increased from 13% to 7%. In March, the shareholders were allowed to work as a recognized party holiday provider, partnering with four banks SBI, Axis Bank, HDFC Bank, and Yes Bank.
Mohammad Muizzu Announces Implementation of India’s Unity Pyramid Patriots
The chairman of the bank, Mohammad Muizzu, has announced the implementation of India’s Unity Pyramid Patriots to improve the business economy and coaching financial inclusion and transaction. This is part of a broader strategy to strengthen ties with India, in which President Muizzu first took a stand against the Indian military presence.
Government Abolishes Export Tax on Parboiled Rice
The central government in an official order said that it has abolished the export tax on parboiled rice. Stocks have increased in India, the world’s largest exporter of grains, and the country is expected to have a bumper crop after abundant monsoon rains. The decision to remove the tax comes after the move to reduce the duty from 20% to 10% last month to boost exports. The government also approved the resumption of exports of non-basmati white rice in September 2024.
SAIL Honored for Excellence in Inclusion, Efficiency & Diversity
Steel Writers of India Limited organized the Excellence in Inclusion, Efficiency & Diversity and Excellence in Distributed Workforce Management at the prestigious ASH RAM India Annual Conference 2024 in New Delhi. The awards are a testimony to the leading HR initiatives and initiatives being adopted by SAIL for the overall development of the organization’s workforce at its various plants and units across the country. The company makes its employees the core of its success and all its employees the focal point.
Two-Year Nationwide Celebration for Sardar Patel’s 150th Birth Anniversary
The government has started a two-year nationwide celebration for the 150th birth anniversary of Sardar Patel. According to the government announcement, the two-year nationwide celebration will begin this year. The government has taken this decision to honor the contribution of Sardar Patel. Union Home Minister Amit Shah said that his important role in integrating India from Kashmir to Lakshadweep will remain indelible. Sardar Vallabhbhai Patel was born on 31 October 1875. He is known as the Iron Man of India.
Defense Minister Inaugurates Second Edition of Chanakya Defense Dialogue
Defense Minister Rajnath Singh inaugurated the second edition of Chanakya Defense Dialogue in New Delhi. He also launched the Indian Army’s Green Initiative 1.0 and Digitalization of IA 1.0. He delivered the keynote address on India’s vision for development and security. He underlined the importance of comprehensive security in achieving developed India in 2047. Army Chief General Upendra Dwivedi also addressed the audience. Key speakers from the United States, Russia, Israel, and Sri Lanka are also participating in this dialogue. This dialogue will explore India’s strategic paths towards developed India in 2047.
Supreme Court Upholds Right of States to Regulate Industrial Liquor
The Supreme Court upheld the right of states to regulate industrial liquor. A 9-judge Constitution bench by a majority of 8:1 upheld the right of states to regulate industrial liquor. Entry 8 gives the states the power to regulate the production, manufacture, possession, transport, purchase, and sale of alcoholic liquor. The Supreme Court judges said that the term alcoholic liquor in Entry 8 of the State List in the Seventh Schedule of the Constitution will include industrial liquor as well.
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Disclaimer:
All news sources referenced in this article are derived from reputable publications, including The Hindu, Times of India, India Today, and Press Information Bureau (PIB). The information provided is for educational and informational purposes only.
Additionally, all images included in this article are AI-generated and are intended for visualization purposes only. They do not represent real events or individuals.
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