Daily Current Affairs 20th Aug, 2024: Your guide for daily General Knowledge Preparation
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This post contains important current affairs of 20th Aug, 2024. It includes all Major National, International, Business and Sports related current affairs of 20th 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 20th Aug, 2024 Current affairs test.
National News
Defence Minister Releases Centenary Commemorative Coin for M. Karunanidhi
- On August 18, Defence Minister Rajnath Singh unveiled a centenary commemorative coin honoring Dr. Kalaignar M. Karunanidhi in Chennai.
- During the event, the Minister paid tribute to the late leader, praising him as a significant figure in Indian politics.
International News
China Approves $31 Billion Investment for 11 New Nuclear Reactors
- China has given the green light for the construction of 11 new nuclear reactors across five locations, with a total investment of around 220 billion yuan ($31 billion).
- This is the highest number of permits issued at one time, reflecting the government’s increased focus on nuclear energy to help lower carbon emissions.
- The State Council’s approval includes reactors in the provinces of Jiangsu, Shandong, Guangdong, Zhejiang, and the autonomous region of Guangxi.
- The construction is expected to take approximately five years.
Nepal to Export 1,000 MW of Electricity to India
- Following a meeting with Nepalese Foreign Minister Arzu Rana Deuba in New Delhi on August 19, India’s External Affairs Minister S. Jaishankar announced that Nepal would export around 1,000 MW of electricity to India.
- He hailed this development as a “new milestone” in the relationship between the two nations.
States News
Andhra Pradesh CM Inaugurates Projects Worth Rs 3,683 Crore in Sri City
- Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated 16 industrial projects in Sri City and signed deals valued at Rs 3,683 crore.
- These new ventures are expected to create more than 15,000 jobs, emphasizing the state’s dedication to speeding up industrial development through improved efficiency.
Rajasthan Secures Rs 5.21 Trillion in Investment Proposals Ahead of Summit
- Ahead of the ‘Rising Rajasthan’ Investment Summit 2024, the Rajasthan government has secured investment proposals totaling over Rs 5.21 lakh crore (approximately USD 62 billion).
- These proposals, received within just two weeks of the summit’s announcement, are anticipated to generate around 1.55 lakh direct jobs.
- The investment amount represents more than 33% of the state’s projected Gross State Domestic Product (GSDP) for 2023-24, which stands at Rs 15.28 lakh crore.
Appointments News
Ashok Kumar Singh Appointed Director General of ESIC
- Shri Ashok Kumar Singh, an IAS officer, assumed the position of Director General of the Employees’ State Insurance Corporation (ESIC) under the Ministry of Labour & Employment, Government of India, at the organization’s headquarters in New Delhi on August 19.
Defence News
Army Chief General Dwivedi Chairs High-Level Meeting
- On August 20, Army Chief General Upendra Dwivedi chaired a high-level meeting that focused on the ongoing transformational initiatives undertaken by the Indian Army.
- These efforts are aimed at contributing to the nation’s goal of achieving the vision of Viksit Bharat by 2047.
Business News
Net FDI Rises to $6.9 Billion in Q1 FY25
- According to recent data from the Reserve Bank of India (RBI), net foreign direct investment (FDI) in India increased to $6.9 billion during the first quarter of FY25 (April-June), compared to $4.7 billion in the same period the previous year.
- This growth was primarily driven by a 26.4% year-on-year (Y-o-Y) rise in gross inward FDI, which reached $22.5 billion.
- Key sectors such as manufacturing, financial services, communication services, computer services, and energy accounted for roughly 80% of the total inflows.
NCLT Approves Slice and North East Small Finance Bank Merger
- The National Company Law Tribunal (NCLT) has approved the merger of fintech company Slice with North East Small Finance Bank.
- The Guwahati bench of the NCLT has sanctioned the arrangement and amalgamation scheme, involving several entities, including Garagepreneurs Internet, Quadrillion Finance, Intergalactory Foundry, RGVN (North East) Microfinance, and North East Small Finance Bank.
Summits and Conferences News
India-Japan Ministerial Dialogue Takes Place in Delhi
- A ministerial dialogue between India and Japan was held in Delhi, where various bilateral issues, including defense cooperation and economic partnerships, were discussed.
- This dialogue is a significant step in strengthening the ties between the two nations.
Sports News
India’s Participation in the 2024 Paris Paralympics
- The Paralympic Committee of India has made a significant announcement regarding the nation’s participation in the upcoming 2024 Paris Paralympics.
- This update provides detailed information on India’s involvement, the event’s background, and the country’s past performances in the Paralympic Games.
Obituaries News
ICG Director General Rakesh Pal Passes Away
- Director General of the Indian Coast Guard, Rakesh Pal, passed away from a severe cardiac arrest in Chennai at the age of 59.
- He was in Chennai to attend a Coast Guard function led by Defence Minister Rajnath Singh.
