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Daily Current Affairs 27th January 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 27th January2024. It includes all Major National, International, Business and Sports related current affairs of 27th 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 27th January2024 Current affairs test.

 

 

National News

1. Projection of India’s Per Capita Income Growth

  • A research report from Standard Chartered Bank suggests that India’s per capita income could surge by about 70% by 2030, potentially reaching 4,000 dollars, compared to the current level of 2,450 dollars.
  • This growth is anticipated to elevate India to a middle-income economy with a GDP of 6 trillion dollars, where a significant share of it, around half, would stem from household consumption.
  • India’s per capita GDP has seen incremental growth, moving from 460 dollars in 2001 to 1,413 dollars in 2011 and further to 2,150 dollars in 2021.
  • The expansion of external trade is foreseen as a pivotal factor in driving substantial economic progress, with expectations of doubling external trade to 2.1 trillion dollars by 2030.

2. Inauguration of the 20th Annual Conference of the Commonwealth Parliamentary Association, India Region by Om Birla

  • Om Birla, Speaker of Lok Sabha, has inaugurated the 20th annual conference of the Commonwealth Parliamentary Association, India Region.
  • The conference’s focal point is centered on deliberations about natural calamities and strategies for their management, particularly concerning the northeast region.
  • Emphasis was placed on regional cooperation and enhanced connectivity through the Act East policy, envisaging bolstered regional integration on economic and social fronts in the North East.

National Updates:

1. 63rd Session of the Central Geological Programming Board in Bhopal:

  • The Central Geological Programming Board (CGPB) conducted its 63rd meeting in Bhopal, Madhya Pradesh, led by the Ministry of Mines Secretary, Shri V.L. Kantha Rao. The focus was on reviewing the Annual Programme for the 2024-25 Field Season. The Geological Survey of India (GSI) proposed about 1055 scientific projects. Emphasis was placed on collaboration with academic and research institutions, and support from entities like IITs, NGRI, DRDO, NRSC-ISRO. States were urged to undertake exploration ventures funded by NMET.

2. Finance Minister Nirmala Sitharaman’s Record Sixth Budget Announcement:

  • Nirmala Sitharaman, the Finance Minister, is poised to create history by presenting her sixth Union Budget, including five annual and one interim budget. Her next budget presentation on February 1, 2024, is for the interim budget of fiscal year 2024-25, essential for authorizing government expenses until a new government is elected post the April-May general elections. The current record is held by Prime Minister Morarji Desai with ten budgets, including six consecutive ones and an interim budget.

Global News:

3. Launch of Maersk’s Largest Methanol-Fueled Vessel, Ane Maersk:

  • Maritime logistics giant Maersk unveiled the Ane Maersk, a container vessel powered by environmentally friendly methanol. This ship, capable of carrying 16,000 TEUs, is the world’s largest to use green methanol, surpassing the capacity of its predecessor, Laura Maersk, and marks a significant step in sustainable maritime transportation.

4. Inaugural Execution via Nitrogen Gas in the US in Alabama:

  • Alabama is the first state in the U.S. to employ nitrogen gas for executions, with Kenneth Smith being the initial individual executed by this method. This marks a shift from the conventional lethal injection, aiming for a more humane and painless procedure.

Economic Developments:

5. RBI Approves Zomato Payments as a Payment Aggregator:

  • The Reserve Bank of India (RBI) has authorized Zomato Payments Private Limited, a Zomato subsidiary, to act as a payment aggregator as of January 24, 2024. Founded on August 4, 2021, the company is now permitted to process e-commerce transactions. Zomato had earlier collaborated with ICICI Bank to introduce Zomato Pay on its UPI platform, lessening its dependence on other payment systems.

6. ICRA Revises Bank Credit Growth Projection for FY24 Upwards:

  • ICRA, the credit rating agency, has increased its forecast for bank credit growth in FY24 to 14.9-15.3%, upfrom the previous 12.8-13.0%. Anil Gupta, the agency’s Senior Vice President, credits the retail and NBFC sectors for this rise. The expected additional credit of Rs 20.4-20.9 trillion is anticipated to exceed the FY23 record of Rs 18.2 trillion.

Corporate Sector News:

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7. DGCA Fines Air India for Safety Violations:

  • Air India, part of the Tata Group, has been penalized Rs 1.1 crore by the Directorate General of Civil Aviation (DGCA) for failing to adhere to safety norms. This followed a report from a pilot regarding a lack of emergency oxygen on the airline’s B777 planes, crucial for long flights. The DGCA’s investigation confirmed these claims, leading to the fine.

8. LIC Sanctioned to Acquire Stake in HDFC Bank:

  • The Reserve Bank of India has sanctioned the Life Insurance Corporation of India (LIC) to acquire up to 9.99% of HDFC Bank, India’s premier private bank. LIC has until January 24, 2025, to complete this acquisition, ensuring their holding stays below 9.99% of HDFC Bank’s voting rights and paid-up capital.

9. Union Cabinet Approves Funding for Coal Gasification Projects:

  • On January 24, 2024, the Union Cabinet endorsed a Viability Gap Funding (VGF) scheme of Rs 8,500 crore for Coal Gasification Projects. The aim is to gasify 100 million tonnes of coal by 2030. The scheme, categorized into three parts, allocates Rs 4,050 crores to state-owned enterprises for three main projects.

10. Ola Founder’s AI Company Krutrim Joins Unicorn Club:

  • Ola’s founder Bhavish Aggarwal has garnered $50 million in funding for his new AI venture, Krutrim, from Matrix Partners India and other investors. This funding elevates Krutrim’s valuation to $1 billion, making it India’s first AI unicorn.

Significant Days:

11. Commemoration Day for Holocaust Victims 2024:

  • This day is observed to remember the six million Jewish victims and others affected by Nazism during World War II. Initiated by the United Nations General Assembly in 2005, it is observed on January 27, marking the liberation of Auschwitz-Birkenau in 1945.

12. International Day of Clean Energy 2024:

  • Celebrated on January 26, this day emphasizes the significance of renewable energy for a sustainable future, advocating for the advancement of clean energy technologies and the reduction of carbon emissions.

13. International Customs Day 2024:

  • Observed on January 26 each year, this day honors the contributions of customs agencies globally. Originating in 1953 with the Customs Cooperation Council (now World Customs Organization), it includes 182 member nations.

14. National Geographic Day 2024:

  • Commemorated on January 27 annually, this day celebrates the establishment of the National Geographic Society in 1888. The society is acclaimed for its contributions to geography, natural science, exploration, conservation efforts, and the famous National Geographic Magazine.

Program News:

15. Pradhan Mantri Suryoday Yojana: REC Ltd Takes Charge:

  • The Ministry of New and Renewable Energy (MNRE) has designated REC Ltd, a leading power finance company, as the nodal agency for the Pradhan Mantri Suryoday Yojana. Announced by Prime Minister Narendra Modi on January 22, the plan aims to install rooftop solar panels in one crore households within a year, contributing to the goal of 40 GW of rooftop solar installations by 2026.

Collaboration Updates:

16. Green Ammonia Partnership between ACME and IHI:

  • India’s ACME Group and Japan’s IHI Corporation have formalized an agreement for the yearly supply of 0.4 million metric tons of green ammonia from Odisha, India, to Japan. Union Minister R. K. Singh and Ambassador Hiroshi Suzuki attended the ceremony, signifying the strategic importance of this green ammonia supply chain collaboration.

Sports Highlights:

17. Rohan Bopanna: Oldest World No. 1 in Men’s Doubles Tennis at 43:

  • Indian tennis star Rohan Bopanna has achieved a historic feat by becoming the oldest World No. 1 in men’s doubles tennis at the age of 43. He attained this milestone after his quarter-final victory at the 2024 Australian Open alongside Matthew Ebden, surpassing Mike Bryan’s record set at 41.
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