Daily Current Affairs 26th Sept, 2024

States News

Kolkata’s Iconic Trams Facing Closure After 150 Years

The historic Kolkata trams, a symbol of the city’s transportation legacy since the late 19th century, are on the verge of being discontinued due to increasing traffic congestion.
However, one route will continue to operate, keeping a piece of Kolkata’s heritage alive.

Mankidia Community Becomes 6th PVTG to Gain Habitat Rights Over Odisha Forests

Recently, the Mankidia community in Odisha was granted habitat rights over forest areas, becoming the sixth Particularly Vulnerable Tribal Group (PVTG) in the state to receive such rights.
The Mankidia, known for their semi-nomadic lifestyle and traditional skills in rope making, trapping, and monkey hunting, have long depended on these forests.

National News

Central Silk Board Celebrates 75 Years of Promoting India’s Silk Industry

On September 20, 2024, the Central Silk Board (CSB) celebrated its 75th anniversary in Mysuru.
The Platinum Jubilee event honored the Board’s contributions to the growth of India’s silk sector and featured attendance from many notable guests.
The occasion saw the launch of several key initiatives and releases.

International News

IMF Approves $7 Billion Loan to Aid Pakistan’s Economy

The International Monetary Fund (IMF) has agreed to provide Pakistan with a $7 billion loan to support the country’s struggling economy.
The loan approval follows over two months of discussions between the IMF and Pakistani officials, reaching a staff-level agreement.

Thailand Set to Legalize Same-Sex Marriage in January

Thailand is poised to become the third country in Asia, following Taiwan and Nepal, to legalize same-sex marriage.
The newly passed legislation grants full legal, financial, and medical rights to marriage partners regardless of gender.

Appointments News

Central Government Announces Appointment of Chief Justices in Eight High Courts

The Ministry of Law and Justice has announced new appointments for Chief Justices in eight High Courts across the country.
Union Law Minister (Independent Charge) Arjun Ram Meghwal shared the news, stating these appointments aim to fill crucial judicial vacancies and ensure smoother functioning of the judicial system.

Notable New Appointments:

Justice Manmohan, Acting Chief Justice of Delhi High Court, has been appointed as the Chief Justice of Delhi High Court.
Justice Rajiv Shakdher, currently a judge in Delhi High Court, is appointed Chief Justice of Himachal Pradesh High Court.
Justice Suresh Kumar Kait, judge of Delhi High Court, is now Chief Justice of Madhya Pradesh High Court.
Justice Indra Prasanna Mukerji, judge of Calcutta High Court, becomes Chief Justice of Meghalaya High Court.
Justice Nitin Madhukar Jamdar, judge of Bombay High Court, is appointed Chief Justice of Kerala High Court.
Justice Tashi Rabstan, judge of Jammu & Kashmir and Ladakh High Court, is named Chief Justice of Jammu & Kashmir and Ladakh High Court.
Justice K.R. Shriram, judge of Bombay High Court, is now Chief Justice of Madras High Court.
Justice M.S. Ramachandra Rao, previously Chief Justice of Himachal Pradesh High Court, is appointed Chief Justice of Jharkhand High Court.

Banking News

Axis Bank and Mastercard Collaborate to Launch MyBiz Credit Card for SMEs

Axis Bank has partnered with Mastercard to introduce the MyBiz credit card, aimed specifically at small business owners and sole proprietors.
The premium World Mastercard offers an array of business and travel-related benefits to meet the needs of small and medium-sized enterprises (SMEs).

Bank of Baroda and EaseMyTrip Unveil Co-Branded Travel Debit Card

In collaboration with EaseMyTrip, Bank of Baroda has launched a co-branded travel debit card.
Designed for frequent travelers and lifestyle enthusiasts, the new card is the first of its kind by a public sector bank in India, showcasing the growing demand for personalized financial solutions.

Economy News

ADB Maintains India’s Growth Forecast at 7% for FY2024 and 7.2% for FY2025

The Asian Development Bank (ADB), in its September 2024 outlook, has reiterated India’s projected GDP growth rate at 7% for FY2024 and 7.2% for FY2025.
The forecast attributes India’s resilience to the government’s fiscal policies, improvements in agriculture, and strong performances in the industrial and services sectors.
For FY2025, private investments and urban consumption are expected to drive further growth.

Moody’s Raises India’s Economic Growth Forecast to 7.1% for 2024

Moody’s has revised its 2024 GDP growth forecast for India, upgrading it to 7.1% from the earlier projection of 6.8%.
This upward revision underscores India’s growing significance in driving the Asia-Pacific region’s economic growth, as the region is expected to outperform the global economy in the near future.

SEBI Mandates UPI for Bids Up to ₹5 Lakh in Public Debt Issues

The Securities and Exchange Board of India (SEBI) has introduced new rules requiring retail investors to use the Unified Payments Interface (UPI) when applying for public debt securities up to ₹5 lakh.
This regulation, effective from November 1, 2024, is aimed at simplifying the application process for individual investors and aligning it with procedures for equity share applications.

Business News

Dassault Aviation Expands Indian Operations with New Military MRO Subsidiary

Dassault Aviation, known for producing Rafale fighter jets, is expanding its footprint in India with the creation of a new subsidiary dedicated to military Maintenance, Repair, and Overhaul (MRO) services.
The move signifies Dassault’s growing interest in the Indian defense sector.

Defence News

DRDO and IIT Delhi Develop ABHED Lightweight Bulletproof Jackets

India’s Defence Research & Development Organisation (DRDO), in collaboration with IIT Delhi, has developed a new line of lightweight bulletproof jackets named ABHED (Advanced Ballistics for High Energy Defeat).
These jackets aim to offer better protection to defense personnel.

Schemes News

CM-SATH Scheme Launched to Support Meritorious Students

Chief Minister Dr. Manik Saha has launched the CM-SATH scheme to assist high-achieving students in pursuing higher education.
This initiative showcases the state government’s dedication to improving educational opportunities for talented students.

Launch of ‘Paridhi 24×25’ by Union Minister of Textiles

On September 5, 2024, Union Minister of Textiles Giriraj Singh, along with Minister of State for External Affairs and Textiles Pabitra Margherita, launched “Paridhi 24×25.”
This India-specific fashion trend book, along with a bilingual web portal and AI Taxonomy e-book, showcases India’s growing influence in global fashion.
The event featured over 150 prominent industry leaders, craftsmen, and weavers.

Important Days

World Maritime Day 2024: Focusing on Safety in Future Navigation

Celebrated on September 26, 2024, World Maritime Day highlights the theme “Navigating the Future Safety First!” The day emphasizes the International Maritime Organization’s (IMO) commitment to ensuring maritime safety, protecting marine ecosystems, and keeping pace with technological advancements.

International Day for the Total Elimination of Nuclear Weapons, September 26

Designated by the United Nations in 2013, September 26 is marked as the International Day for the Total Elimination of Nuclear Weapons.
The day, also called Nuclear Abolition Day, aims to promote global nuclear disarmament.

Miscellaneous News

Mountaineers Conquer Unclimbed Peak in Arunachal Pradesh, Name it After the Sixth Dalai Lama

A team of mountaineers from the National Institute of Mountaineering and Adventure Sports (NIMAS) successfully ascended an unnamed peak in the Gorichen range of Arunachal Pradesh.
The 6,383-meter-high peak has now been named in honor of the Sixth Dalai Lama.