Daily Current Affairs 13th Aug, 2024: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 13th Aug, 2024. It includes all Major National, International, Business and Sports related current affairs of 13th Aug, 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 13th Aug, 2024 Current affairs test.
Appointments News
Raj Kumar Chaudhary Appointed as Chairman & Managing Director of NHPC Ltd.
- In a major development for India’s hydroelectric power sector, NHPC Limited has announced the appointment of Shri Raj Kumar Chaudhary as its new Chairman & Managing Director.
- This leadership change is seen as a pivotal moment for the company, as it brings in a seasoned leader with a wealth of experience and a strong track record in the field of hydroelectric power development.
Banking News
RBI Tightens Regulations for Housing Finance Companies to Align with NBFC Standards
- The Reserve Bank of India (RBI) has implemented more stringent regulations for Housing Finance Companies (HFCs) to align their public deposit norms with those of Non-Banking Financial Companies (NBFCs).
- This regulatory adjustment is aimed at creating a more uniform framework between the two sectors, enhancing oversight and ensuring greater regulatory parity.
Business News
Bharti Global Set to Acquire 24.5% Stake in BT Group
- Bharti Global, the international investment arm of Bharti Enterprises, is poised to acquire a 24.5% stake in British telecom giant BT Group plc in a deal valued at approximately $4 billion.
- The shares will be acquired through Bharti Televentures UK Ltd, a wholly owned subsidiary of Bharti Global. This significant acquisition reflects Bharti’s strategic expansion in the global telecom industry and is anticipated to strengthen India-UK bilateral relations.
Economy News
Retail Inflation Drops to 5-Year Low of 3.5% in July
- India’s retail inflation rate, as measured by the Consumer Price Index (CPI), declined to 3.54% in July, marking its lowest point in nearly five years. This reduction is largely due to a high base effect and a substantial decrease in food prices.
- The inflation rate has now fallen below the Reserve Bank of India’s (RBI’s) medium-term target of 4% for the first time since August 2019. Despite the lower inflation, the RBI is expected to maintain its current monetary policy stance.
Defence News
Mitra Shakti 2024: Enhancing Indo-Sri Lankan Military Cooperation
- The annual Mitra Shakti military exercise, a bilateral engagement between the Indian Army and the Sri Lankan Army, began on August 12, 2024.
- This year’s exercise, hosted at the Sri Lankan Army Training School in Maduru Oya, marks an important milestone in the military collaboration between the two South Asian nations.
- Running until August 25, this joint training exercise underscores the commitment of both countries to strengthen their military capabilities and foster closer bilateral relations.
Ranks and Reports News
NIRF 2024: India’s National Institutional Rankings Released
- On August 12, Union Minister for Education Shri Dharmendra Pradhan released the India Rankings 2024, which follow the National Institutional Ranking Framework (NIRF) established by the Ministry of Education in 2015.
- In last year’s rankings, IIT Madras secured the top position in the ‘overall’ category, with IISc Bengaluru and IIT Delhi ranking second and third, respectively.
Important Days
World Elephant Day 2024: Honoring Earth’s Majestic Giants
- World Elephant Day is celebrated annually on August 12th, drawing global attention to the challenges faced by the world’s largest land mammals. Elephants, often called pachyderms, are vital to our ecosystems and hold significant cultural value in many societies.
World Organ Donation Day 2024: Date, History, and Importance
- World Organ Donation Day, observed every year on August 13, aims to raise awareness about the importance of organ donation and to encourage people to register as organ donors.
- This day serves as a critical reminder of the life-saving impact of organ donation. In India, the government has launched extensive campaigns and educational programs to promote organ donation, dispel myths, and inform the public about the donation process.
