Daily Current Affairs 14th July, 2024: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 14th July, 2024. It includes all Major National, International, Business and Sports related current affairs of 14th 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 14th July, 2024 Current affairs test.
Banking & Finance
Reserve Bank of India Permits Resident Indians to Open Foreign Currency Accounts in Gujarat’s International Financial Services Centre
- The Reserve Bank of India (RBI) in a notification allowed resident individuals to open Foreign Currency Account (FCA) in International Financial Services Centres (IFSCs) at GIFT City in Gujarat under the Liberalised Remittance Scheme (LRS).
Mutual Funds Garner Record Rs 14,370 Crore Through Equity New Fund Offers in June
- In June,2024 India’s mutual fund industry achieved a record inflow of Rs 14,370 crore through 11 new fund offers (NFOs), marking the highest ever inflow in new fund offerings.
- This surpassed the previous high recorded in July 2021, where 4 NFOs accumulated Rs 13,709 crore, with ICICI Prudential MF’s flexicap NFO alone mobilising Rs 9,808 crore.
National Bank for Agriculture and Rural Development Subsidiary Launches ₹750 Crore Agri Fund to Support Startups and Rural Enterprises
- National Bank for Agriculture and Rural Development (NABARD) informed its arm that it has launched a Rs 750-crore agri fund for startups and rural enterprises.
- The fund called ‘Agri-SURE’ is announced by NABVENTURES, a subsidiary of NABARD, with an initial corpus of Rs 750 crore with Rs 250 crore each from NABARD and the Ministry of Agriculture, and Rs 250 crore from other institutions.
Jio Financial Services Receives Reserve Bank of India Approval to Operate as a Core Investment Company
- Jio Financial Services received approval from the Reserve Bank of India (RBI) to become a Core Investment Company (CIC) from a Non-Banking Financial Company (NBFC).
- Jio Financial Services applied to the RBI for conversion on November 21, 2023.
ixigo and AU Small Finance Bank Unveil Travel Credit Card for RuPay Users
- ixigo, India’s leading OTA for the next billion users and AU Small Finance Bank, the largest Small Finance Bank of India, announced the launch of the RuPay variant for its premium co-branded ixigo-AU Small Finance Bank travel credit card, enabling UPI-based payments and rewards.
National News
Central Government Declares June 25 as “Samvidhaan Hatya Divas” to Commemorate Emergency Victims
- The central government has declared June 25 as “Samvidhaan Hatya Divas” (Constitution Murder Day) to remember the “inhuman pain” suffered by those jailed during the Emergency imposed on June 25, 1975.
- The day aims to honor the sacrifices of individuals who endured severe hardships during this period.
India to Host Inaugural World Audio Visual and Entertainment Summit (WAVES)
- India will host the first World Audio Visual and Entertainment Summit alongside the International Film Festival of India in Goa, scheduled from November 20-24.
- Information and Broadcasting Minister Ashwini Vaishnaw emphasized strengthening intellectual property (IP) rights protection in the media and entertainment sector.
The government may hand over MTNL operations to BSNL and not merge them
- The Indian government is evaluating whether to transfer the operations of the public sector telecom operator MTNL to the larger BSNL instead of pursuing a full merger.
- Both MTNL and BSNL have faced significant financial challenges and have received bailouts, including one about two years ago.
Prime Minister Narendra Modi: A Global Icon of Leadership and Recognition
- Prime Minister Narendra Modi has been awarded the Order of St Andrew the Apostle by Russia, marking the 15th prestigious international accolade of his career.
- PM Modi has been recognized globally throughout his ten years as Prime Minister, receiving numerous high-level awards from various countries.
Business News
Adani Ports to Invest $1.2 Billion in Vizhinjam Port to Attract World’s Largest Ships
- Adani Ports and Special Economic Zone Ltd. (APSEZ) plans to invest 100 billion rupees ($1.2 billion) to enhance the Vizhinjam port in Kerala.
- This investment marks the second phase of the project, expected to be completed by 2028.
Godrej Consumer Products Introduces Patented Mosquito Repellent Molecule
- Godrej Consumer Products (GCPL) has developed ‘Renofluthrin’, a patented mosquito repellent molecule.
- Product Integration: Renofluthrin will be integrated into GCPL’s household insecticide products.
Appointments News
Government Appoints Robert J Ravi as Chairman and Managing Director of Bharat Sanchar Nigam Limited
- The government has appointed Robert Jerard Ravi as the new Bharat Sanchar Nigam Limited (BSNL) chairman and managing director (CMD) for a period of 6 months.
Awards And Honours
Odisha CM Honors Sudarshan Pattnaik for the Golden Sand Master Award
- Odisha Chief Minister Mohan Charan Majhi honoured sand artist Sudarshan Pattnaik for winning the Golden Sand Master Award at the International Sand Sculpture Championship in Russia.
- Pattnaik’s award-winning sand sculpture depicted Mahaprabhu Jagannath and the devotee Balaram Das.
Ranking And Index
Kerala Tops NITI Aayog’s SDG India Index 2023-24, Sharing Spot with Uttarakhand
- Kerala and Uttarakhand secured the top spot in the SDG India Index 2023-24 with a composite score of 79 points.
- Kerala excelled in ‘zero hunger’ and quality education, ranked second in climate action, and third in gender equality and ‘industry, innovation, and infrastructure.’
