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Current Affairs Daily Digest – April 04 2024

1. Forbes World’s Billionaires List 2024

Reliance Industries Limited (RIL) Chairman and Managing Director (CMD) Mukesh Ambani is the sole Indian to be named one of the top ten billionaires in the world in the 38th Annual World’s Billionaires List 2024, according to Forbes.

Bernard Arnault & family, owners of the French luxury conglomerate LVMH, topped the list, with Ambani ranked ninth.

Nikhil Kamath: The Youngest Indian Billionaire Forbes lists Zerodha co-founder Nikhil Kamath, who is 37 years old, as the youngest Indian billionaire.

Counting Billionaires and Global Wealth

The Forbes study states that 2,781 individuals from 77 different nations are billionaires. The total wealth of the world’s wealthiest individuals rose $2 trillion from 2023 to 2024, reaching $14.2 trillion.

Nations Home to the Most Wealthy Individuals

• To start, 813 people in the US are billionaires, and their combined wealth is $5.7 trillion.
• China comes in second, with a total of 406 billionaires and $1.3 trillion in fortune.
• Third place goes to India, home to 200 billionaires and $954 billion in total wealth.
• The country ranked fourth, boasting 132 billionaires.
• Rank five: Russia, home to 120 multibillionaires.

Top 10 Billionaires in the World

• Bernard Arnault & family (France): $233 billion
• Elon Musk (USA): $195 billion
• Jeff Bezos (USA): $194 billion
• Mark Zuckerberg (USA): $177 billion
• Larry Ellison (USA): $114 billion
• Warren Buffett (USA): $133 billion
• Bill Gates (USA): $128 billion
• Steve Ballmer (USA): $121 billion
• Mukesh Ambani (India): $116 billion
• Larry Page (USA): $114 billion

Top 10 Indian Billionaires

• Mukesh Ambani: $116 billion (9th globally)
• Gautam Adani: $84 billion (17th globally)
• Shiv Nadar: $36.9 billion (39th globally)
• Savitri Jindal & Family: $33.5 billion (46th globally)
• Dilip Shanghvi: $26.7 billion (69th globally)
• Cyrus Poonawala: $21.3 billion (90th globally)
• Kushal Pal Singh: $20.9 billion (92nd globally)
• Kumarmangalam Birla: $19.7 billion (98th globally)
• Radhakrishna Damani: $17.6 billion (107th globally)
• Lakshmi Mittal: $16.4 billion (113th globally)

2. NATO Considers 100 Billion Euro Military Fund for Ukraine

To bolster military aid to war-torn Ukraine, NATO foreign ministers reached a strategic agreement. This is a long-term plan that extends over five years and includes a specific standing for a 100 billion Euro fund.

Kyiv views this as a unique gesture of support.

Combating the Aggression of Russia

With its armed military forces, Russia attacked the Ukrainian zone in a well-planned operation among military aggression and hybrid warfare. Russian forces were supposed to wipe off Ukraine as a sovereign nation.

Russia was unable to launch any additional strikes on Ukraine because the international community stood in solidarity with the nation.

3. Chess: India has a new No. 1 as Arjun Erigaisi Climbs to No. 9 in the World

Arjun Erigaisi of India has surpassed all other chess players to become the top player in the world, according to the most recent FIDE rankings. Erigaisi is the ninth best player in the world with a standard rating of 2756. His placing in the top ten of the Open standard list is a first for him.

Ranked Second Among Indians, Anand Follows

Viswanathan Anand, a five-time world champion and the second-ranked Indian player according to FIDE, follows Erigaisi. The 21-year-old Erigaisi jumped eight spots to ninth place after racking up eight points at the 5th Shengzhen Chess Masters and Bundesliga.

The Evaluation and Ranking of Anand

Currently, Anand’s rating of 2751 places him at number eleven in the ratings. Following Anand this week at the esteemed Candidates event will be the troika of Praggnanandhaa R, Gukesh D., and Vidit Santosh Gujrathi, all of whom are 18 years old.

4. India’s First Gene Therapy for Cancer Launched

The first cancer gene therapy in India was launched on April 4, 2024, at IIT Bombay, by President Smt. Droupadi Murmu. Known as “CAR-T cell therapy,” this revolutionary medicine has made great strides in the fight against cancer.

Low-Cost and Easy Access to Care

At the event, President Murmu spoke highly of the therapy, praising its accessibility and affordability as signs of hope for humanity. She spoke with conviction about the breakthrough treatment’s ability to breathe fresh life into many cancer sufferers’ struggles.

5. Tata International Appoints Rajeev Singhal as MD

Rajeev Singhal has been named the new Managing Director (MD) of Tata International, the worldwide trade and distribution arm of the Tata Group. Starting April 1, 2024, Singhal will be officially appointed to the new role. He takes over for Anand Sen, who Tata International said superannuated (retired) on March 31, 2024.

Position Held Before Joining Tata India

After serving as Tata International’s Executive Director and COO, Singhal has taken up this new role. As the new Managing Director, Rajeev Singhal brings a wealth of experience—more than 36 years—to the table. He left Tata Steel, where he worked his way up to VP of flat product marketing and sales, among other roles.

6. Korean Fusion Reactor ‘Artificial Sun’ Sets New Record

Using their “artificial sun” nuclear fusion reactor, the Korea Superconducting Tokamak Advanced Research (KSTAR) apparatus, South Korean scientists have achieved a new world record.

They produced plasma temperatures of one hundred million degrees Celsius for forty-eight seconds during tests carried out between 2023 and 2024.

Extremely Hot Conditions

An astounding seven times hotter than the Sun’s core—which is about 15 million degrees Celsius—is the reached temperature of 100 million degrees Celsius.

Exploring Fusion Energy

By fusing two atoms to release tremendous quantities of energy, nuclear fusion seeks to imitate the process that drives the Sun and other stars. Fusion is an exciting new alternative to fossil fuels since it can produce endless energy without contributing to climate change.

7. Adani Green Energy Ltd Surpasses 10,000 MW Operating Portfolio: Leading India’s Renewable Energy Sector

By adding more than 10,000 MW of renewable energy capacity to its operating portfolio, Adani Green Energy Ltd (AGEL) has accomplished a notable milestone. This achievement further establishes AGEL as the leading company in India’s renewable energy market.

• Khavda Solar Park’s 2,000 MW Solar Capacity Commissioned
• At Gujarat’s Khavda solar project, AGEL has activated 2,000 MW of solar capacity.
• With this achievement, AGEL becomes the pioneering firm in India to surpass 10,000 MW in renewable energy capacity.

Analysis of Operating Portfolio

AGEL now has 10,934 MW in its operational portfolio, which includes:

• solar power (7,393 MW), wind power (1,401 MW), and combined solar and wind power (2,140 MW).
• Results for FY24 AGENCY GENERAL EQUIPMENT & SERVICES (AGEL) successfully brought 2,848 MW of renewable energy capacity online during FY24.

Aspirations for the Future

• By 2030, the corporation hopes to have installed 45 GW of renewable energy capacity.
• Projects developed by AGEL will reduce yearly CO₂ emissions by over 21 million metric tons and provide electricity to more than 5.8 million homes.

8. United Nations Observes International Mine Awareness Day on 4th April

International Mine Awareness Day is observed on April 4th by the United Nations. On this, International Mine Awareness Day, we remember the innocent people whose lives have been tragically disrupted by landmines and other wartime explosives. The inclusion of disabled people in peacebuilding and conflict resolution efforts is another objective.

The subject for the 2024 International Mine Awareness Day

Under the theme “Protecting Lives, Building Peace,” the International Day for Mine Awareness & Assistance in Mine Action 2024 will be observed. The significance of mine action in rescuing lives and fostering peace in impacted regions is emphasized by this theme.