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Daily Current Affairs 4th May, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 4th May, 2024. It includes all Major National, International, Business and Sports related current affairs of 4th May, 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 4th May, 2024 Current affairs test.

Banking and Finance

NPCI International Payments Limited (NIPL) Signs Agreement with Bank of Namibia for Instant Payment System

NPCI International Payments Limited (NIPL) has partnered with the Bank of Namibia (BoN) to establish an instant payment system in Namibia, akin to the Unified Payment Interface (UPI). The partnership aims to enhance digital financial services and support real-time Person-to-Person (P2P) and Merchant payment transactions (P2M) in Namibia. Drawing on India’s UPI technology and experience, the collaboration seeks to modernize Namibia’s financial ecosystem.

Reserve Bank of India Removes Restrictions on Bajaj Finance’s Lending Products

The Reserve Bank of India (RBI) has lifted restrictions on Bajaj Finance’s ‘eCOM’ and ‘Insta Existing Member Identification Card (EMI card)’ lending products, allowing the company to resume sanctioning and disbursing new loans in these segments. The restrictions were imposed in November 2023 due to regulatory concerns about these lending segments.

Bajaj Allianz General Insurance Launches ‘Prive’ Program

Bajaj Allianz General Insurance has introduced ‘Prive,’ an exclusive customer experience program designed to deliver exceptional service and coverage. This program underscores the insurer’s commitment to offering unmatched customer experiences.

Reserve Bank of India Sets 8% Interest Rate for Floating Rate Savings Bond 2034

The Reserve Bank of India (RBI) has set an 8% interest rate on the Floating Rate Savings Bond (FRSB) 2034. This variable-rate bond will have its interest rate reset every six months. The Government of India is issuing this special type of bond, which will mature in 2034.

National News

Government Boosts E-commerce Exports

The Indian government has extended benefits under the Remissions of Duties and Taxes on Export Products (RoDTEP) scheme for shipments sent via courier or e-commerce channels from sectors like gems and jewellery, pharma, leather, textiles, and handicrafts. Commerce and Industry Minister Piyush Goyal announced this initiative to support the growing e-commerce exports.

Business News

Digital Crop Survey to Improve Farm Statistics

India plans to enhance its agricultural statistics system by conducting regular digital crop surveys, supported by advanced analytics and artificial intelligence (AI). These surveys will help assess precise acreage across the country.

Adani Green Secures USD 400 Million for 750 MW Power Projects

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Adani Green Energy Ltd (AGEL) has secured USD 400 million in financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat. The financing comes from a consortium of five leading international banks.

Awards and Honors

The Hindu Wins Three Awards at International Newspaper Design Competition

The Hindu’s explainer page on Neeraj Chopra’s craft and success, titled “The science behind Neeraj’s skills,” has won three awards at the 6th International Newspaper Design Competition. The Hindu earned the ‘Best of Show’ award, ‘Gold’ in the ‘Best of Sports Page’ category, and an Award of Excellence in the ‘Best of Double Spread’ category.

Appointments and Resignations

Paytm Money Appoints New CEO

Paytm Money has appointed Rakesh Singh as its new Chief Executive Officer, succeeding Varun Sridhar, who resigned from the role.

Sushil Sharma Becomes Chairman & Managing Director of SJVN Limited

Sushil Sharma has been given additional responsibility as Chairman & Managing Director (CMD) of SJVN Limited for three months or until further orders. Currently, he serves as Director (Projects) in the organization.

Science and Technology

NASA Engineers Restore Voyager 1

Engineers have partially restored a 1970s-era computer on NASA’s Voyager 1 spacecraft after five months of troubleshooting, building confidence that the first interstellar probe might eventually resume normal operations.

Sports News

NADA India Organizes #PlayTrue Campaign

The National Anti-Doping Agency (NADA) India has concluded the #PlayTrue Campaign, which attracted more than 12,133 participants. The campaign, commemorating WADA’s Play True Day, aimed to promote awareness about clean sports and anti-doping practices in India, receiving widespread support from athletes, coaches, and sports enthusiasts.

Important Days

Coal Miners Day 2024 in India

Coal Miners Day is celebrated on May 4 each year, honoring miners working in the field. The history of Coal Miner’s Day dates back to 1952 when the Mines Act was passed, providing medical facilities, safety, health measures, and rescue stations for coal miners.

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