Current Affairs Daily Digest – April 25 & 26 2024. Read and Download daily, the latest Current Affairs Quiz 2023 for competitive exams like UPSC, SSC, IBPS, SBI etc,. Download month-wise Daily Current affairs 2023 PDF and Current affairs quiz PDF .

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Current Affairs Daily Digest – April 25 & 26 2024

1. NABARD Launches Climate Strategy 2030 for Green Financing

The National Bank for Agriculture and Rural Development (NABARD) released its Climate Strategy 2030 on Earth Day to help India get the green money it needs.

The strategy’s goal is to get money for projects in the country that will help fight climate change, adapt to it, and make it stronger.

India’s Gap in Green Financing

Green financing needs to add up to over $2.5 trillion by 2030, which means India needs about $170 billion a year.

As of 2019-20, India had only gotten about $49 billion in green funding. Most of that money was set aside for mitigation.

Only $5 billion was set aside for adaptation and resilience, which shows that the private sector wasn’t very involved because it was hard for businesses to get loans and make money.

About the Climate Strategy 2030 from NABARD

Four main ideas form the basis of the strategy:

• Speeding up green loans in all areas
• Taking on a bigger role in making markets
• The greening of NABARD from the inside
• Strategic gathering of resources

The project strengthens NABARD’s dedication to caring for the environment and makes it a key player in India’s move to a strong and long-lasting economy.

2. India’s First Multi-Purpose Green Hydrogen Pilot Project Inaugurated in Himachal Pradesh

India has taken a big step forward in renewable energy with the start of its first green hydrogen trial project.

It will be located at the 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh.

The project, which is being led by Satluj Jal Vidyut Nigam (SJVN), wants to make green hydrogen using clean energy sources.

A Look at the Project

A 20Nm3/hr electrolyzer and a 25kW fuel cell capacity-based green hydrogen pilot plant are part of the project.

It is the first green hydrogen generation plant in the country that can be used for more than one thing. It makes energy and coats NJHPS’s high-velocity oxygen fuel (HVOF).

Using renewable energy sources

The project uses clean energy from SJVN’s 1.31 MW solar power plant in Wadhal, Himachal Pradesh, and an alkaline electrolyzer to separate water into hydrogen and oxygen.

With this integration, hydrogen generation can go on for a long time.

3. Prabowo Subianto Declared Indonesia’s President-Elect Amid Controversy

After the country’s highest court turned down challenges to Prabowo Subianto’s landslide win from two losing presidential candidates, the country’s electoral commission officially named him as the president-elect.

Subianto, who is now the defense minister, got 58.6% of the votes, which is more than 96 million ballots. This is more than twice as many votes as either of his opponents combined.

But Subianto’s win wasn’t without controversy. People who were against him said there was widespread fraud and that the government meddled in the election process.

Over 4,200 police officers and soldiers were sent to the General Election Commission compound to keep things under control during the event.

4. Narsingh Yadav Elected Chairman of WFI Athletes Commission

The United World Wrestling (UWW), which is in charge of the sport around the world, told the Wrestling Federation of India (WFI) what they had to do.

Before lifting the suspension of WFI, UWW told the union it had to set up an Athletes Commission to deal with wrestlers’ complaints.

Election of Seven Members

In the election for the Athletes Commission, a total of eight candidates contested for the seven available seats. After voting, the following members were elected:

• Narsingh Pancham Yadav
• Sahil (Delhi)
• Smita A S (Kerala)
• Bhartiya Bhaghei (Uttar Pradesh)
• Khushboo S Pawar (Gujarat)
• Nikki (Haryana)
• Shweta Dubey (Bengal)

5. Rabi Sankar Re-appointed RBI Deputy Governor: Government Grants One-Year Extension

There will be a one-year term for T. Rabi Sankar as Deputy Governor of the Reserve Bank of India (RBI) starting May 3, 2024, thanks to approval from the Appointments Committee of the Cabinet (ACC).

Sankar, a seasoned central banker who has worked for the RBI for more than 30 years, was first named as Deputy Governor on May 3, 2021, for a three-year term.

Info on the appointment

The national government has given Sankar an extra year on his term and given him important duties within the RBI.

As Deputy Governor, Sankar is in charge of several important areas, such as managing the currency, government and bank accounts, IT, operations and investments in other countries, payment and settlement systems, fintech, foreign exchange, and managing the country’s debt.

6. Axis Bank Re-appoints Amitabh Chaudhry as MD & CEO for Three More Years

The board of Axis Bank has agreed to keep Amitabh Chaudhry as Managing Director and CEO for another three years, starting in January 2025, as long as the RBI agrees.

Along with Chaudhry, Meena Ganesh and Gopalaraman Padmanabhan have also been re-appointed as independent directors for another four years each.

Performance Highlights for Q4:

Axis Bank made more money than expected in Q4 thanks to strong loan growth and more money from lending operations.

From January to March, the bank had a combined net profit of Rs 7,599 crore and a standalone net profit of Rs 7,130 crore.

Even though the bank did well, worries were raised about deposit increases for the next fiscal year.

7. Randeep Hooda Honoured with Lata Deenanath Mangeshkar Award

The Lata Deenanath Mangeshkar Award was given to actor Randeep Hooda at an event held at Mumbai’s Dinanath Mangeshkar Natyagrih.

His latest movie “Swatantrya Veer Savarkar” and his many other important contributions to Indian film deserve this honor.

Honouring a Movie Journey

He told them how thankful he was and said, “I feel honored to receive this award from a family closely connected with Savarkar.”

A lot of people liked how the actor played the important person Vinayak Damodar Savarkar in the movie.

“Veer Savarkar Swatantrya”

As directed by Randeep Hooda, “Swatantrya Veer Savarkar” tells the story of one of India’s most important and controversial leaders in the independence fight.

The movie retells the story of India’s armed struggle for independence and shows how important Savarkar’s part was.

8. SBI Card MILES Launches Three Travel-Focused Credit Card Variants

SBI Card has made three versions of its SBI Card MILES travel credit card to meet the wants of a wide range of travelers.

The three versions—SBI Card MILES ELITE, SBI Card MILES PRIME, and SBI Card MILES—are made to give travelers, from those who fly a lot to those who just like the idea of it, a range of benefits.

Key Points and Advantages

Annual Fees: The SBI Card MILES has annual fees that range from Rs 1,499 to Rs 4,999, which do not include taxes.

You can get up to six travel credits for every Rs 200 you spend on travel and up to two travel credits for every Rs 200 you spend on other things.

You can turn these credits into air miles or hotel points from partner brands, or you can use them to book flights and hotels straight through the SBI Card website or mobile app.

Faster Rewards: When users book a trip, they get faster rewards, which helps them make more money.

Lounge Access: People who have a card can use airport bars, which makes their travels easier and more comfortable.

9. World Malaria Day 2024 Observed on 25th April Annually

World Malaria Day is held every year on April 25 to bring attention to ways to stop, treat, and control malaria, a disease that is spread by mosquito bites and can be fatal.

Malaria is common in warm and subtropical areas, but it can be avoided by taking the right steps and precautions.

This event is held every year to remind people around the world of the work that needs to be done to get rid of this disease and make the world healthier.

Time and History

World Malaria Day is held every year on April 25. In 2001, African countries began celebrating Africa Malaria Day, which is where the idea for this day came from.

The World Health Organization (WHO) hosted the 60th session of the World Health Assembly in 2008.

That’s when the name was changed to World Malaria Day to reflect the need for people all over the world to be aware of and take action against malaria.

The theme for World Malaria Day 2024, is “Accelerating the fight against malaria for a more equitable world,”

10. International Chernobyl Disaster Remembrance Day 2024 Observed on April 26th

The International Chernobyl Disaster Remembrance Day is held every year on April 26.

Today is a time to remember the people who died in the Chernobyl nuclear accident and bring more attention to this terrible event.

The disaster at Chernobyl was very sad.

The Chernobyl Nuclear Power Plant in Ukraine (then part of the Soviet Union) burst on April 26, 1986, sending a huge cloud of radioactive material into the air.

About 8.4 million people were exposed to dangerous nuclear radiation because of this accident.

It was terrible for the crops, plants, and infrastructure in the nearby areas because of the radioactive contamination.

The areas in Belarus, Ukraine, and Russia that were affected were very polluted and pose a major threat to health and the environment.

11. World Intellectual Property Day 2024 is celebrated on 26th April

The World Intellectual Property Organization (WIPO) holds World Intellectual Property Day every year on April 26.

Today is a day to raise awareness about how intellectual property (IP) can help encourage inspiration and new ideas.

The official theme for World Intellectual Property Day 2024 is ‘IP and the SDGs: Building Our Common Future with Innovation and Creativity‘.

12. Axis Bank overtook Kotak Mahindra Bank to become 4th largest bank

Kotak Mahindra Bank has now lost its position as the fourth largest banking company on Dalal Street to rival Axis Bank in terms of market value.

This is despite the fact that Kotak Mahindra Bank enjoys a larger valuation premium on risk management and overall governance practices.

This is a result of the RBI’s recent prohibition on the facilities of Kotak Mahindra Bank.

When measured by market value, the three most valuable banks in India are HDFC bank, State Bank of India, and ICICI bank.