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Daily Current Affairs 13th January 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 13th January2024. It includes all Major National, International, Business and Sports related current affairs of 13th January2024. 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 13th January2024 Current affairs test.



National News

1. Significant Oil Discovery by ONGC in Krishna-Godavari Basin

  • The Indian government announced a major oil discovery in the Krishna-Godavari Basin, a landmark in India’s energy sector.
  • Conducted by the Oil and Natural Gas Corporation (ONGC), the discovery took place near Kakinada on the Bay of Bengal coast.
  • This find is a pivotal moment for India’s energy industry. Union Petroleum Minister Hardeep Singh Puri indicated that production is expected to hit 45,000 barrels per day by mid-2024, making up about 7% of India’s total crude oil production.

State News

2. Atpadi Conservation Reserve Announced by Maharashtra Government in Sangli District

  • The Maharashtra government has officially declared the Atpadi Conservation Reserve in the Atpadi area of Sangli district.
  • This newly formed reserve is a habitat for diverse wildlife and plant species.

3. International Camel Festival in Bikaner, Rajasthan

  • Bikaner in Rajasthan recently celebrated the start of its three-day International Camel Festival.
  • The festival featured a variety of decorated camels, traditional clothing, and women in colorful attire, highlighting the region’s rich cultural heritage.

4. $500 Million Loan to Gujarat by NDB for Infrastructure Development

  • The New Development Bank, based in Shanghai, committed a $500 million loan to the Gujarat government during the Vibrant Gujarat Summit.
  • This financial support is earmarked for the Mukhayamantri Gram Sadak Yojana, a key infrastructure project in the state.

Defence News

5. Successful Test of DRDO’s Akash-NG Missile

  • The Defence Research and Development Organisation (DRDO) achieved a significant milestone with the successful test of the AKASH-NG missile.
  • Conducted at the Integrated Test Range in Chandipur, Odisha, this test demonstrated the missile’s capability to intercept high-speed aerial targets at low altitudes.

6. 2024: Year of Technology Absorption by Indian Army

  • The Indian Army has designated 2024 as the “Year of Technology Absorption,” focusing on modernization and operational efficiency.
  • This initiative is aimed at harnessing technology as a key driver for transformative change, especially in operational and logistic aspects, in collaboration with India’s domestic defence industry.

7. ‘Sahyog Kaijin’ – Joint Exercise by Indian and Japanese Coast Guards

  • The Indian and Japanese Coast Guards recently held a successful ‘Sahyog Kaijin’ joint exercise off the coast of Chennai.
  • This exercise is part of the ongoing collaboration between the two nations, stemming from the Memorandum of Cooperation signed in 2006.

Economy News

8. India’s Outward FDI Falls to $2.25 Billion, Reports RBI

  • According to the Reserve Bank of India, India’s outward Foreign Direct Investment (FDI) decreased to $2.25 billion in December 2023.
  • This drop was seen in both equity and debt commitments, with equity falling to $646.7 million and debt to $625.91 million.

Banking News

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9. SBI Launches Green Rupee Term Deposit Scheme

  • The State Bank of India has introduced the SBI Green Rupee Term Deposit, a specialized fixed deposit scheme.
  • This initiative aims to gather funds to support environmentally-friendly projects, contributing to India’s development of a green finance ecosystem.

10. UPI-PayNow Linkage for India-Singapore Remittances Launched by NPCI

  • The National Payments Corporation of India unveiled the UPI-PayNow linkage, facilitating direct remittances between India and Singapore.
  • This collaboration, supported by the Reserve Bank of India and the Monetary Authority of Singapore, aims to enhance financial inclusion and convenience in cross-border transactions.

11. Extension of RBI Deputy Governor Michael Patra’s Tenure

  • The Indian government has announced an additional year’s extension for Michael Debabrata Patra as Deputy Governor of the Reserve Bank of India.
  • Thismarks the second extension for Patra, reflecting the government’s confidence in his leadership and expertise.

Business News

12. Tata Consumer Products Acquires Capital Foods

  • Tata Consumer Products Ltd (TCPL) has revealed plans to acquire a 100% stake in Capital Foods for ₹5,100 crore.
  • This strategic acquisition of brands like ‘Ching’s Secret’ and ‘Smith & Jones’ is structured in phases, initially securing a 75% equity shareholding.

Schemes News

13. Karnataka Introduces ‘Yuva Nidhi’ Scheme for Jobless Youth

  • Karnataka Chief Minister Siddaramaiah has launched the ‘Yuva Nidhi’ scheme in Shivamogga, focusing on unemployed graduates and diploma holders.
  • The scheme provides financial assistance of Rs 3,000 per month to degree holders and Rs 1,500 per month to diploma holders who have been unemployed for the last six months and are not engaged in further studies.

Awards News

14. NICMAR Hyderabad Awarded IGBC Platinum Certification

  • The National Institute of Construction Management and Research in Hyderabad has been honored with the Platinum certification by the Indian Green Building Council under its Green Campus Rating program.

15. Posthumous Tenzing Norgay Award for Mountaineer Savita Kanswal

  • President Draupadi Murmu posthumously awarded the Tenzing Norgay National Adventure Award to mountaineer Savita Kanswal.
  • Kanswal is celebrated for being the first Indian woman to ascend Mount Everest and Mount Makalu within a record span of 16 days.

Appointments News

16. Manish Jain Appointed as Country Managing Director for Experian India

  • Global information services leader Experian has appointed Manish Jain as its Country Managing Director in India.

Agreements News

17. New IIT Madras Campus Planned in Kandy, Sri Lanka

  • The Indian Institute of Technology Madras, a leading engineering institution, plans to establish a new campus in Kandy, Sri Lanka.

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