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Daily Current Affairs 6th January 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 6th January2024. It includes all Major National, International, Business and Sports related current affairs of 6th 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 6th January2024 Current affairs test.


National News

1. RBI’s New Dividend Payout Rules for Banks

  • The Reserve Bank of India is introducing stricter guidelines for bank dividend distributions, effective from fiscal 2024-25.
  • Banks must have a Net Non-Performing Asset ratio under 6% and a Capital Adequacy Ratio above 11.5% to be eligible for dividend payouts.
  • The proposed changes, open for public comment until January 31, 2024, include a revised dividend payout ratio calculation and a higher upper limit of 50% for banks with zero net NPA.

2. Assam’s Educational Assessment ‘Gunotsav 2024’

  • Assam is preparing for the fifth edition of ‘Gunotsav’ in 2024, aiming to assess around 40 lakh students in government schools.
  • This extensive evaluation is part of an effort to enhance educational quality and learning outcomes.
  • The program encourages active involvement from teachers, students, administrators, and community members, fostering accountability and overall educational improvement.

3. India’s ‘Bharat Park’ Trade Zone in UAE

  • The Indian government plans to establish ‘Bharat Park’ in the UAE, a trade zone designed to showcase and store Indian goods for an international market.
  • This initiative is in response to the growing demand for Man Made Fibre Textiles and aims to utilize free trade agreements with countries like Japan, Australia, UAE, and South Korea.

4. India’s GDP Growth Forecast at 7.3% for FY24

  • According to the National Statistical Office, India’s GDP is expected to grow by 7.3% in fiscal year 2023-24.
  • The construction sector is anticipated to lead this growth with a 10.7% increase.
  • India’s Real GDP at Constant Prices is projected to reach ₹171.79 lakh crore, up from ₹160.06 lakh crore in FY23.

5. Surge in India’s Forex Reserves

  • India’s foreign exchange reserves have increased by $2.759 billion, reaching $623.2 billion.
  • This rise follows a $4.471 billion gain the previous week, with the reserves previously peaking at $645 billion in October 2021.
  • The increase is primarily due to a rise in Foreign Currency Assets, which now stand at $551.615 billion.

6. World Day of War Orphans 2024

  • January 6, 2024, marks the World Day of War Orphans, emphasizing the plight of children affected by war.
  • The day, observed amid ongoing global conflicts, aims to draw attention to these vulnerable individuals with themes like “Orphan Lives Matter” and “Standing Up for War-Affected Children,” urging global support and protection for them.

7. UN’s GDP Growth Forecast for India

  • The United Nations’ World Economic Situation and Prospects 2024 report projects India’s GDP growth at 6.2% for 2024.
  • Although slightly lower than the 6.3% growth estimated for 2023, this forecast reflects India’s strong domestic demand and growth in manufacturing and services sectors.

8. Indian Railways and CII’s Green Initiative MoU

  • Indian Railways continues its commitment to environmental sustainability by renewing its MoU with the Confederation of Indian Industry (CII).
  • The collaboration, dating back to July 2016 and renewed every three years, focuses on reducing energy and water consumption and lowering greenhouse gas emissions.

9. SEBI Appoints New Executive Director

  • The Securities and Exchange Board of India has appointed G Ram Mohan Rao as its new Executive Director for a three-year term.
  • In another groundbreaking move, Rashmi Shukla has been named Maharashtra’s first female Director General of Police, marking a significant milestone in the state’s law enforcement history.

10. IIT Madras’ Cancer Drug Breakthrough

    • Researchers at IIT Madras and IIT Mandi have made a significant advancement by metabolically engineering plant cells to enhance the production of camptothecin, a drug used in cancer treatment.

< li>This development opens new avenues in drug manufacturing and cancer therapy.

11. India’s New Portal for Medical Devices

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  • India has launched the National Single Window System, developed by Tata Consultancy Services, to simplify the import process of medical devices.
  • This ‘one-stop-shop’ portal aims to streamline the import procedures and regulations, making it easier for businesses to bring medical devices into the country.
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