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Monthly Current Affair GK Digest: April 2024

Published on Wednesday, May 08, 2024

                                                                            
Monthly Current Affair GK Digest: April 2024

International News

UAE, Russia, & Saudi Arabia Among the Top Importers of Indian Engineering Goods: EEPC

  • UAE: It was the second-largest market for India with engineering exports rising 16% in the first eleven months to $5.22 billion.
  • Saudi Arabia: It was the third-largest market with exports of engineering items spiking 75% to $4.62 billion in April-February 2023-24.
  • Russia: There was a near-doubling of engineering goods exports to Russia in April-February 2023-24, with a 99% increase to $1.22 billion.

Forbes released its 38th annual World Billionaires list

  • The list features a record-breaking 2,781 billionaires, which is 141 more than in 2023 and 26 more than the previous record set in 2021.
  • Mark Zuckerberg has gained the most in sheer dollar terms, with his wealth increasing by $116.2 billion in a single year, thanks to Meta stock nearly tripling.
  • The AI gold rush has added more than a dozen newcomers working in artificial intelligence to the ranks.

National News

Vedanta’s BALCO Receives India’s First ASI Performance Standard Certification

  • The certification covers the manufacture and supply of a wide range of primary aluminium products at its facility in Korba, Chhattisgarh, which includes a smelter, three casthouses, a rolled product plant, and a power generation plant.
  • The ASI Performance Standard V3 (2022) defines 11 principles and 62 criteria under three sustainability pillars – Environment, Social, and Governance – to address sustainability areas in the aluminium value chain.

Paradip Port has emerged as the largest Indian major port in cargo throughput in FY24

  • The port achieved the highest-ever coastal shipping traffic of 59.19 million metric tonnes.
  • The thermal coal shipping reached 43.97 million metric tonnes.
  • The port handled 2,710 ships, an increase of 13.82% compared to FY23.
  • This achievement is a testament to the port’s improved system of operation and its strategic location near the mineral-rich hinterland.

Banking

ICICI Securities Delists its Share and Merges with ICICI Bank

  • ICICI Securities secured the necessary votes to delist its stock, despite opposition from some retail investors.
  • About 71.9% of the brokerage’s minority shareholders voted in favor of the delisting and merger with ICICI Bank, exceeding the regulatory requirement of a two-thirds majority.
  • ICICI Bank, which holds roughly a 75% stake in ICICI Securities, said its shareholder outreach was important to explain the proposal and maximize participation.

    RBI: Reserve assets surge by USD34.8 billion, net claims of NRI declined by USD12.2 billion

    • The report showed a significant rise in reserve assets by USD 34.8 billion during the third quarter of 2023-24, which constitutes over 85% of the increase in foreign assets held by Indian residents.
    • This decline is primarily attributed to a substantial surge in Indian residents’ overseas financial assets, amounting to USD 40.7 billion, outpacing the increase in foreign-owned assets within India, which stood at USD 28.5 billion.

    This digest is not complete. Read the complete digest on the General Awareness Course.
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