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Daily Current Affairs 28th January 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 28th January2024. It includes all Major National, International, Business and Sports related current affairs of 28th 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 28th January2024 Current affairs test.


1. RBI’s Approval for LIC’s HDFC Bank Stake Increase

  • The Reserve Bank of India has given the Life Insurance Corporation of India (LIC) the green light to increase its stake in HDFC Bank up to 9.99%.
  • LIC’s current holding in HDFC Bank is 5.19%, as per the bank’s shareholding pattern on December 31.
  • The RBI’s approval, communicated in a letter dated January 25, enables LIC to potentially double its stake, significantly enhancing its influence in HDFC Bank.
  • This development comes amidst HDFC Bank’s share price volatility, which has been experiencing a downward trend, reaching nearly its lowest in a year, particularly following the bank’s thirdquarter financial results.

2. Bank of Baroda’s Infrastructure Bond Issuance

  • Bank of Baroda, a statecontrolled entity, is issuing infrastructure bonds worth Rs 5,000 crore with a 10year maturity period.
  • The bond issue includes a base amount of Rs 1,000 crore and an option to retain oversubscription up to Rs 4,000 crore, known as a greenshoe option.
  • This move signifies Bank of Baroda’s commitment to supporting infrastructure financing in India.

3. ICRA’s Revised Bank Credit Growth Estimate

  • ICRA has updated its forecast for bank credit growth in FY24 to an increase between 14.9% and 15.3%, or about ₹20.4 to ₹20.9 lakh crore.
  • This revision is a significant increase from the previous projection of 12.8% to 13% growth.
  • ICRA also expects bond issuances in FY24 to be between ₹9.6 lakh crore and ₹9.9 lakh crore, with an even higher projection for FY25.
  • However, ICRA cautions that deposit mobilization challenges could slow down credit expansion, potentially reducing growth rates in FY25.

4. Zomato Payments Receives RBI Authorization

  • Zomato Payments, a subsidiary of Zomato Limited, has been authorized by the RBI to operate as an online payment aggregator.
  • This allows Zomato to engage in payment processing and issue prepaid payment instruments.
  • This step is part of Zomato’s expansion into financial services, following its previous partnership with ICICI Bank to launch Zomato UPI.

5. Diamond Jubilee of Supreme Court of India

  • Prime Minister Narendra Modi inaugurated the Diamond Jubilee celebrations of the Supreme Court of India, marking 60 years of judicial service.
  • Several technologydriven initiatives were launched, including the Digital Supreme Court Reports, Digital Courts 2.0, and a revamped Supreme Court website.
  • These initiatives aim to modernize and digitize the Indian judiciary, enhancing transparency and accessibility.

6. AP MollerMaersk’s MethanolPowered Container Ship

  • AP MollerMaersk has introduced the Ane Maersk, the world’s largest methanolpowered container ship, signifying a leap in sustainable maritime transport.
  • The Ane Maersk is named after Ane Maersk McKinney Uggla, the Chairman of AP Moller Holding.
  • It significantly surpasses the Laura Maersk, the previous title holder for the world’s first methanol dualfuel container ship.
  • This vessel represents AP MollerMaersk’s commitment to environmental sustainability in shipping.

7. Krutrim: India’s First AI Unicorn

  • Krutrim, an AI startup by Bhavish Aggarwal, has become India’s first AI unicorn with a valuation of $1 billion.
  • The funding round leading to this valuation was spearheaded by Matrix Partners India.
  • Krutrim focuses on developing advanced AI technologies, including a large language model for multiple Indian languages.
  • The company is preparing to launch a multilingual AI voice assistant, marking a significant development in India’s AI sector.

8. Padma Awards 2024 Announced

  • The Indian government has announced the Padma Awards for 2024, the nation’s secondhighest civilian honors.
  • The awards are classified into Padma Vibhushan, Padma Bhushan, and Padma Shri, based on the level of service.
  • Awardees are selected by the Padma Awards Committee, convened annually by the Prime Minister.

9. & 10. Details of Padma Awardees

  • A total of 132 individuals have been honored with the Padma Awards this year.
  • The awards are distributed across Padma Vibhushan (5 awardees), Padma Bhushan (17), and Padma Shri (110).
  • These awards recognize significant contributions in various fields and dedication to public service.

11. Appointments and Resignations in India

  • Sudhir Sekhri has been appointed as the Chairman of the Apparel Export Promotion Council (AEPC).
  • Nitish Kumar, Chief Minister of Bihar, has resigned and is expected to form a new government with BJP support.

12. Aditya L1 Spacecraft Update

  • ISRO’s AdityaL1 spacecraft has successfully deployed a 6meterlong magnetometer boom at the L1 Lagrange Point.
  • This deployment is crucial for the mission’s objective to study the Sun.

13. Australian Open Tennis Tournament

  • Aryna Sabalenka has defended her Australian Open women’s singles title, winning against Zheng Qinwen.
  • She is the first woman in over a decade to defend the Australian Open title.

14. Update on ISRO’s Aditya L1 Spacecraft

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  • The AdityaL1 spacecraft has deployed a 6meterlong magnetometer boom in space to study the Sun’s corona and magnetic field.
  • This deployment marks a critical step in the mission’s objectives.

15. Aryna Sabalenka’s Victory at the Australian Open

  • Aryna Sabalenka has successfully defended her Australian Open title, defeating Zheng Qinwen.
  • This victory solidifies her as a leading figure in women’s tennis.

16. Diamond Jubilee of the Supreme Court of India

  • Prime Minister Narendra Modi inaugurated the 60thanniversary celebrations of the Supreme Court of India.
  • Technologybased initiatives were launched to modernize the judiciary and make it more accessible to the public.
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