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Daily Current Affairs 09th July, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 09th July, 2024. It includes all Major National, International, Business and Sports related current affairs of 09th 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 09th July, 2024 Current affairs test.

National News

Government Mandates BIS Standards For Stainless Steel And Aluminium Utensils

  • The Government of India has mandated that all stainless steel and aluminium utensils must adhere to the Bureau of Indian Standards (BIS).
  • This requirement, effective from March 14, 2024, comes under the Quality Control Order issued by the Department for Promotion of Industry and Internal Trade (DPIIT) of the Ministry of Commerce and Industry.
  • As per the directive from the Ministry of Consumer Affairs, Food and Public Distribution, the ISI mark is now compulsory for these utensils.

International News

Rachel Reeves: Britain’s First Woman Finance Chief

  • Rachel Reeves has made history by becoming the first woman to serve as the finance minister of the UK. At 45, the economist has committed to fostering economic growth in the nation.
  • Rachel was appointed as the chancellor on June 5, following the Labour Party’s victory under Keir Starmer in the recent general election.
  • She is now responsible for overseeing the UK’s Budget.

India Gears Up for Malabar Showdown with ‘Quad’ Allies Amid Rising China Tensions

  • India is preparing to host the notable Malabar naval exercise in the Bay of Bengal this October, in collaboration with the United States, Japan, and Australia.
  • This exercise comes at a time of increasing regional tensions due to China’s assertive actions in the South China Sea and its growing influence in the Indian Ocean Region (IOR).
  • The 28th edition of the Malabar exercise will concentrate on advanced anti-submarine warfare and aims to improve military cooperation among the four nations.

States News

Tata Power Launches ‘Ghar Ghar Solar’ Initiative in Uttar Pradesh

  • Tata Power Solar Systems Limited has introduced the ‘Ghar Ghar Solar’ initiative in Uttar Pradesh, starting in Varanasi.
  • This program aims to provide clean energy to every home through rooftop solar solutions, promising significant financial savings and environmental benefits for residents.

Banking News

ICICI Lombard Introduces ‘Elevate’: Revolutionizing Health Insurance with AI

  • ICICI Lombard, a leading private general insurance company in India, has launched ‘Elevate’, a revolutionary health insurance product that integrates AI technology.
  • This innovative product is designed to cater to the varied needs of modern lifestyles and unforeseen medical emergencies, focusing on personalized solutions and comprehensive coverage.

RBI Launches Quarterly Manufacturing Survey for Q2 2024

  • The Reserve Bank of India (RBI) has commenced its quarterly “Order Books, Inventories and Capacity Utilisation Survey” (OBICUS) for the manufacturing sector.
  • This survey, ongoing since 2008, provides crucial insights into key metrics such as new orders, inventory levels, and capacity utilization across manufacturing companies, aiding in informed monetary policy decisions.

SEBI Issues New Guidelines to Enhance Credit Rating Agency Operations

  • The Securities and Exchange Board of India (SEBI) has released new guidelines to streamline the operations of credit rating agencies and improve the ease of doing business.
  • The circular sets specific timelines for handling appeals from companies regarding rating actions during periodic surveillance.

Agreements News

ICAI and MeitY Collaborate on AI Audit Tool for Corporate India

  • The Institute of Chartered Accountants of India (ICAI) is in discussions with the Ministry of Electronics and Information Technology (MeitY) to develop an AI Audit Tool for monitoring corporate India and detecting fraud.
  • ICAI President Ranjeet Kumar Agarwal confirmed that a proposal has been submitted to MeitY Secretary Krishnan.

Ranks and Reports News

India Ranks Fifth in GenAI Innovations, China Leads

  • India ranks fifth in Generative AI (GenAI) innovations, following China, the US, the Republic of Korea, and Japan.
  • Despite this ranking, India has exhibited the highest annual growth rate in GenAI patent publications, highlighting its significant potential for economic impact.

RBI Report: India’s Employment Growth at 6% in FY24 vs 3.2% in FY23

  • According to the Reserve Bank of India (RBI), India’s employment growth rose provisionally to 6% in FY24 from 3.2% in FY23.
  • This increase resulted in total employment reaching 643.3 million, up from 596.7 million the previous year, with 46.7 million jobs created.

Awards News

Maharashtra Wins Best Agriculture State Award for 2024

  • Maharashtra has been honored with the Best Agriculture State Award for 2024 by the 15th Agriculture Leadership Awards Committee.
  • The announcement was made by the committee, chaired by Justice P Sathasivam, former Chief Justice of India and Governor of Kerala.

HCLTech’s Roshni Nadar Malhotra Receives France’s Highest Civilian Honour

  • Roshni Nadar Malhotra, Chairperson of IT services firm HCLTech, has been awarded the “Chevalier de la Légion d’Honneur” (Knight of the Legion of Honour), the highest civilian honor in France.

Tamil Writer Sivashankari Selected for Dr. C. Narayana Reddy National Literary Award

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  • Tamil author Sivashankari has been chosen as the recipient of the prestigious Dr. C. Narayana Reddy National Literary Award.
  • This award recognizes her substantial contributions to Tamil literature and her influence on contemporary Indian literature.

Dr. Arpit Chopra Receives Prestigious Excellence Award for Pioneering Work in Homeopathy

  • Dr. Arpit Chopra, a distinguished homeopathic practitioner, was awarded the Excellence Award at the NDTV MSMES Summit held in Bhopal, Madhya Pradesh.
  • The ceremony, attended by high-ranking state officials and industry leaders, took place at the Marriott Hotel.

PM Modi To Receive Russia’s Highest Civilian Honour For “Outstanding Service”

  • Prime Minister Narendra Modi will ceremoniously receive the Order of St. Andrew the Apostle the First-Called, Russia’s highest civilian honor, awarded to him in 2019.
  • The presentation will take place at St. Catherine’s Hall of the Moscow Kremlin in recognition of his significant contributions to the strategic partnership between Russia and India.

Sports News

Indian Squash Players Triumph at Asian Squash Doubles Championship 2024

  • Indian squash players achieved notable success at the Asian Squash Doubles Championship 2024, held at the Arena Emas in Johor, Malaysia.
  • The Indian team secured titles in both the men’s doubles and mixed doubles categories.
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