When is National Startup Day 2024 celebrated?

Daily Current Affairs

January 14

January 16

January 20

January 22

Correct Answer : January 16

Prime Minister Narendra Modi proclaimed January 16 as National Startup Day, marking a pivotal moment in India’s recognition and celebration of its burgeoning startup ecosystem. Since then, various initiatives and events have unfolded, underlining the government’s commitment to fostering innovation and entrepreneurship in the country.

National Startup Day History :

National Startup Day was officially announced on January 15, 2022, with the inaugural observance taking place that same year. Prime Minister Modi, during a video conference with aspiring entrepreneurs, lauded the exponential growth of startups and their vital contribution to the economy.

National Startup Day 2024 Significance :

The day holds immense significance as it provides a dedicated platform to celebrate the triumphs of the startup community. It serves as an occasion for entrepreneurs to share insights, discuss innovations, and reflect on their journey. Moreover, National Startup Day emphasizes the critical role startups play in driving economic growth and job creation.

National Startup Week 2024, Unlocking Infinite Potential :

To amplify the celebration, the Department for Promotion of Industry and Internal Trade (DPIIT) and the Ministry of Commerce and Industry have extended the festivities to a week-long event known as National Startup Week. Commencing from January 10 to 16, the week revolves around the theme “Startups Unlocking Infinite Potential.”

The Startup India Innovation Week, a flagship initiative, is a focal point of this celebration. Entrepreneurs, venture capitalists, inventors, and enthusiasts converge to partake in a series of events, discussions, and activities aimed at fostering collaboration and growth within the startup ecosystem.

Published On : January 16, 2024

Solar’s Ascendance in India :

In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

Comprehensive Industry Development Strategy : GTRI Founder Ajay Srivastava emphasized the necessity for a holistic approach to foster the growth of India’s toy industry and bolster exports.

Domestic Ecosystem Strengthening : Developing a robust domestic ecosystem is paramount, alongside measures to encourage renowned global toy brands to establish manufacturing facilities within India’s borders.

Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

India emerged as the global leader in remittances in 2022, receiving over $111 billion, surpassing the $100 billion mark for the first time. The International Organisation for Migration (IOM) highlighted India, alongside Mexico, China, the Philippines, and France, as the top five remittance recipient countries.

Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024