Daily Current Affairs 4th Nov, 2024: Your guide for daily General Knowledge Preparation
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This post contains important current affairs of 4th Nov, 2024. It includes all Major National, International, Business and Sports related current affairs of 4th Nov, 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 Nov, 2024 Current affairs test.
National News
India Set to Host Indonesia’s President as Republic Day 2025 Guest of Honor
Sources indicate that New Delhi is likely to invite Prabowo Subianto, Indonesia’s newly elected President, to be the chief guest for the Republic Day celebrations in 2025. This anticipated invitation reflects the deepening partnership between India and Indonesia, with plans for high-level diplomatic discussions, defense collaboration, and potential participation of the Indonesian military in the Republic Day parade.
India’s Biodiversity Plan Targets 30% Protected Areas by 2030
At the 16th UN Biodiversity Conference held in Cali, Colombia, India presented its updated National Biodiversity Strategy and Action Plan (NBSAP), pledging to protect at least 30% of its land, inland waters, and coastal marine regions by 2030. This ambitious goal aligns with the Kunming-Montreal Global Biodiversity Framework (KM-GBF), which advocates for protecting 30% of land and marine areas worldwide while restoring ecosystems critical for clean air and water.
Banking News
SEBI Proposes Reforms for Flexibility and Protection in REITs and InvITs
The Securities and Exchange Board of India (SEBI) has put forth several proposals aimed at enhancing the flexibility and investor protection in Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and Small and Medium REITs (SM REITs). This initiative is part of SEBI’s ongoing efforts to improve governance, mitigate financial risks, and streamline operations within these investment structures.
SEBI’s Updated Securitisation Rules to Enhance Investor Safeguards
SEBI has introduced significant changes to its securitisation framework, aiming to enhance investor protection and streamline regulatory requirements. Key aspects include a minimum investment threshold, restrictions on investor participation, mandatory dematerialisation, and liquidity safeguards. Public feedback is open until November 16, 2024, allowing SEBI to refine the framework in alignment with its 2008 policies and the Reserve Bank of India’s 2021 guidelines on securitisation.
SBI Mutual Fund Surpasses ₹10 Lakh Crore in AUM, Leading Industry Growth
SBI Mutual Fund (SBI MF) has achieved a milestone by becoming the first fund house in India to surpass ₹10 lakh crore in assets under management (AUM), reaching ₹10.99 lakh crore in the September quarter. This accomplishment places SBI MF ahead of competitors such as ICICI Mutual Fund and HDFC Mutual Fund, which have AUMs of ₹8.41 lakh crore and ₹7.47 lakh crore, respectively.
Canara Bank’s ₹6,000 Crore Loan Recovery Target for H2 FY25
State-owned Canara Bank has set an ambitious goal of recovering around ₹6,000 crore in bad loans for the latter half of FY25. This target is part of the bank’s ongoing efforts to improve asset quality and build on its recent financial performance.
Appointments News
Itaru Otani Becomes Chairman of India Yamaha Motor
India Yamaha Motor has appointed Itaru Otani as its new Chairman. With over three decades of experience at Yamaha Motor Company, Otani’s leadership is expected to strengthen Yamaha’s presence in India’s competitive two-wheeler market. His appointment aligns with Yamaha’s strategy to meet the evolving preferences of Indian consumers with innovative and stylish products.
Summits & Conferences
ILO’s 352nd Governing Body Meeting Underway in Geneva
The International Labour Organisation (ILO) is holding its 352nd Governing Body meeting in Geneva, which began on October 28 and will continue until November 7. The meeting brings together representatives from various member countries to discuss critical labor issues and strategies for enhancing global working conditions.
Ranks & Reports
India’s Position Among Global Leaders in AI Preparedness
Artificial intelligence (AI) continues to drive global economic transformation, impacting labor markets, industries, and societal structures. According to Grand View Research, the global AI market is projected to grow at a compound annual growth rate (CAGR) of 36.6% from 2024 to 2030, underscoring the increasing role of AI across various sectors.
Himalayan Glacial Lakes Grow by 10.81% Over 13 Years
A recent government report reveals that glacial lakes in the Himalayan region have expanded by 10.81% in area between 2011 and 2024, largely due to climate change. This growth raises concerns about the risk of glacial lake outburst floods (GLOFs). According to the Central Water Commission (CWC), India’s glacial lakes have seen even more significant growth, with a 33.7% increase in surface area.
Miscellaneous News
Collins Dictionary Declares “Brat” as 2024 Word of the Year
Collins Dictionary has selected “brat” as the Word of the Year for 2024, reflecting evolving social attitudes and cultural trends. Popularized by British singer Charli XCX through her album of the same name, “brat” now represents a confident, independent, and hedonistic spirit. Originally describing a misbehaving child, it now resonates globally as a symbol of self-expression and rebelliousness, endorsed by figures like US presidential candidate Kamala Harris.
