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Daily Current Affairs 01st July, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 01st July, 2024. It includes all Major National, International, Business and Sports related current affairs of 01st July, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 01st July, 2024 Current affairs test.


National News

World Bank Approves $1.5 Billion Loan to Support India’s Green Hydrogen Push

The World Bank has approved a second round of financing worth $1.5 billion to help India expedite its low-carbon energy development. This funding aims to foster the market for green hydrogen, electrolysers, and boost renewable energy penetration. The initiative is aligned with India’s National Green Hydrogen Mission and its energy transition goals, including achieving 500 GW of installed renewable energy capacity by 2030 and reaching net zero by 2070.

Bharatiya Nyaya Sanhita 2023: Complete Details

The three new criminal laws—Bharatiya Nyaya Sanhita, 2023, Bharatiya Nagarik Suraksha Sanhita, 2023, and Bharatiya Sakshya Adhiniyam, 2023—are set to come into effect on July 1, 2024. The Government of India has conducted regular meetings with States and Union Territories to ensure they are fully prepared in terms of technology, capacity building, and awareness generation to implement the new criminal laws.

Appointments News

Ravi Agrawal Appointed CBDT Chief, Succeeds Nitin Gupta

Ravi Agrawal, an IRS officer from the 1988 batch, has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT). He takes over from Nitin Gupta, whose term ended on June 30, 2024. Agrawal’s tenure extends until June 2025, with a possibility of reappointment on a contract basis to ensure continuity in the CBDT’s policy framework.

CS Setty Gets FSIB Approval to Head SBI as Next Chairman

Challa Sreenivasulu Setty has been selected by the Financial Services Institution Bureau (FSIB) as the next chairman of the State Bank of India (SBI). He was chosen over Ashwini Tiwari and Vinay Tonse. Setty will succeed the current chairman, Dinesh Khara, upon reaching the upper age limit of 63 in August 2024.

Banking News

Union Bank of India Introduces “Union Premier” Branches for Rural and Semi-Urban Markets

Union Bank of India has launched “Union Premier” branches aimed at high-value customers in rural and semi-urban markets. These branches are designed to provide personalized banking services and offer a comprehensive range of products under one roof.

RBI Ups Financial Accommodation for States/UTs by 28% to ₹60,118 Crore

The Reserve Bank of India (RBI) has increased the aggregate Ways and Means Advances (WMA) limit for state governments and Union Territories (UTs) by 28%, from ₹47,010 crore to ₹60,118 crore, effective July 1, 2024. This adjustment is based on recommendations from a group of select state finance secretaries and recent expenditure data, aimed at helping states and UTs manage temporary cash flow mismatches.

Business News

Tata Group Is India’s Most Valuable Brand: Report

Tata Group continues to be India’s most valuable brand, with a value of $28.6 billion, reflecting a 9% increase from the previous year. Infosys ranks second, and the HDFC Group has climbed to third place following its merger with HDFC Ltd. Tata Group is close to becoming the first Indian brand to reach the $30 billion mark. Taj remains India’s strongest brand, with a Brand Strength Index (BSI) score of 92.9 out of 100 and an AAA+ rating. The telecom sector saw a 61% growth in brand value, driven by Jio, Airtel, and Vi, while the banking sector reported a 26% increase, with SBI being India’s second most valuable bank.


MoSPI Launches eSankhyiki Portal for Enhanced Data Access

The Ministry of Statistics and Programme Implementation (MoSPI) has launched the eSankhyiki portal to enhance data accessibility and user experience. This initiative aims to centralize and streamline access to key national statistical data, supporting planners, policymakers, researchers, and the public.

Sports News

Ravindra Jadeja Retires from T20 Internationals

Indian all-rounder Ravindra Jadeja has announced his retirement from T20 internationals following India’s T20 World Cup 2024 victory. He leaves the format on a high note with the World Cup trophy.

Important Days

GST Day 2024: Celebrating India’s Unified Tax System

Goods and Services Tax (GST) Day is an annual event in India’s economic calendar, celebrating the implementation of a unified tax system that revolutionized the country’s fiscal landscape. As GST Day 2024 approaches, it is an opportunity to explore its history, significance, and impact on India’s economy.

National Chartered Accountant (CA) Day 2024

National Chartered Accountant Day, or CA Day, is an annual celebration in India recognizing the crucial role of chartered accountants in the country’s economic landscape. As CA Day 2024 approaches, it is a time to reflect on the history, significance, and impact of this important day.

National Doctor’s Day 2024: Date, History, and Significance

National Doctor’s Day, observed on July 1 every year, celebrates the invaluable contributions of medical professionals to society. As the 2024 observance approaches, it is important to reflect on the significance of this day and the impact doctors have on our lives.

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