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Daily Current Affairs 25th April, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 25th April, 2024. It includes all Major National, International, Business and Sports related current affairs of 25th April, 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 25th April, 2024 Current affairs test.

International News

Prabowo Subianto Named Indonesia’s President-Elect Despite Disputes

  • In Indonesia, the election authority has confirmed Prabowo Subianto as the new president-elect after the nation’s supreme court dismissed complaints from two defeated presidential contenders regarding his overwhelming victory.
  • Serving as the defense minister, Subianto won 58.6% of the vote, receiving over 96 million votes, significantly more than what was garnered by his competitors.

Appointments News

FSIB Endorses Candidates for Top Roles at SBI and Indian Bank

  • The Financial Services Institutions Bureau (FSIB) has put forward its choices for the Managing Director roles at both the State Bank of India (SBI) and Indian Bank.
  • For SBI, Rana Ashutosh Kumar Singh is the nominated candidate, whereas Asheesh Pandey has been suggested for the position at Indian Bank.

Banking News

RBI Establishes New Regulations for ARCs Starting April 24, 2024

  • The Reserve Bank of India (RBI) has laid out a new set of master directions for asset reconstruction companies (ARCs), effective from April 24, 2024.
  • These guidelines are designed to improve the oversight of ARCs and bolster their role in managing and resolving distressed assets.

Share Value of Kotak Mahindra Bank Falls 10% Due to RBI Sanctions

  • The stock of Kotak Mahindra Bank has dropped 10% following sanctions from the Reserve Bank of India. The RBI’s penalties, including restrictions on acquiring new online customers and issuing new credit cards, were a response to deficiencies in the bank’s IT systems identified in 2022 and 2023.

RBI Implements FEMA Regulations for Direct International Listings

  • New regulations under the Foreign Exchange Management Act (FEMA) have been introduced by the Reserve Bank of India, facilitating the direct listing of Indian enterprises on foreign stock markets.
  • This move aims to simplify foreign exchange dealings and the reporting process, enhancing companies’ ability to use funds obtained through international listings.

Business News

Jio Overtakes China Mobile as Global Leader in Data Traffic

  • Reliance Jio has surpassed China Mobile, becoming the world’s leading mobile operator in terms of data traffic usage.
  • With a subscriber tally of 481.8 million, including 108 million utilizing its True5G Standalone network, Jio’s leading position highlights its prominence in the international telecommunications arena.

Sports News

Usain Bolt Anticipates Cricket’s Growth in the US as T20 World Cup Ambassador

  • Usain Bolt, the world-renowned fastest man and a fervent cricket fan, has been appointed as the ambassador for the ICC Men’s T20 World Cup, which the West Indies and the United States will jointly host from June 1 to 29.
  • His involvement is expected to bring widespread attention and growth to the sport in new regions.

Ranks and Reports News

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Study Finds Indian Passport to be Second Most Affordable Globally

  • An Australian study by Compare the Market AU finds the Indian passport to be the second least expensive globally, with the UAE’s passport ranking as the most affordable.
  • The study notes that while the Indian passport is cost-effective in terms of initial and recurring costs, it provides limited visa-free travel compared to more expensive passports.

Karnataka and Gujarat Ahead in India’s Shift to Clean Energy

  • According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA) and Ember, Karnataka and Gujarat are leading the charge in India’s transition to clean electricity.
  • In contrast, states such as Jharkhand, Bihar, West Bengal, and Uttar Pradesh are trailing, indicating a need for more aggressive integration of renewable resources and decarbonization strategies.

Science and Technology News

NASA Advances Space Exploration with Solar-Powered Spacecraft

  • NASA has embarked on an ambitious space mission from New Zealand using Rocket Lab’s Electron rocket to launch the Advanced Composite Solar Sail System spacecraft.
  • This spacecraft, which employs solar power for propulsion, represents a significant advancement in space travel technology.

Indian Teams Triumph at NASA’s Rover Challenge

  • Teams from the KIET Group of Institutions in Delhi-NCR and Kanakia International School in Mumbai have excelled at the NASA Human Exploration Rover Challenge.
  • The former won the “Crash and Burn” award, and the latter was honored as “Rookie of the Year,” bringing significant accolades back to India.

Important Days

Manipur Commemorates Khongjom Day to Honor Anglo-Manipuri War Heroes

  • Manipur observes Khongjom Day on April 23 each year, commemorating the valiant fighters of the Anglo-Manipuri War of 1891.
  • This day is a solemn reminder of the sacrifices made by those who died defending their territory against British forces.

World Celebrates Various Global Health and Cultural Observances

  • The week of April 24 to 30 marks World Immunization Week, promoting vaccine awareness and its vital role in preventing diseases like smallpox and polio.
  • World Malaria Day is observed on April 25 to highlight efforts to control and eradicate malaria. Additionally, April 25 is also marked as International Girls in ICT Day, aiming to inspire young women to engage in the ICT sector, and International Delegate’s Day, celebrating the essential work of UN delegates in fostering global cooperation.
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