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Daily Current Affairs
Which State Secures Investments of Rs 3.53 Trillion at Davos?
A)
Karnataka
B)
Tamil Nadu
C)
Maharashtra
D)
Telangana

Correct Answer :   Maharashtra

In a significant stride towards its ambitious goal of becoming a USD 1 trillion economy, Maharashtra Chief Minister Eknath Shinde announced the signing of 19 Memoranda of Understanding (MoUs) during his visit to the World Economic Forum Annual Meeting in Davos. Accompanied by Industries Minister Uday Samant and senior officials, Shinde expressed his determination to lead the state towards economic prosperity.

Strategic Investments Unveiled :

The state government successfully sealed investment MoUs amounting to Rs 3.53 lakh crore (USD 44 billion) across various sectors, including electronics, IT, data centers, gems and jewelry, agriculture, automobile, and renewable energy. An additional expression of interest for Rs 1 lakh crore investment was also received, catapulting the total potential investment to Rs 4.5 lakh crore (almost USD 57 billion).

Job Creation on the Horizon :

This substantial investment has the potential to generate around two lakh jobs, contributing significantly to employment across diverse industries.

Sectoral Breakdown of Investments :

The signed MoUs encompass a spectrum of industries, ranging from the establishment of a green hydrogen and ammonia plant by Inox Air Product to the expansion of paper production capacity by a global natural resources conglomerate. Noteworthy agreements also include initiatives by BC Jindal for battery separator film manufacturing, Adani Group’s expansion of Dighi Port, and JSW Steel’s foray into renewables.


Global Outreach and Collaboration :

Under the theme “Bringing Confidence during a changing World,” Chief Minister Shinde engaged with a multitude of global political leaders, industry captains, and decision-makers, presenting Maharashtra as the premier investment hub.

Key MoUs and Initiatives :

* Inox Air Product: Green hydrogen and ammonia plant
* BC Jindal: Battery separator film manufacturing facility
* Global Natural Resources Conglomerate: Expansion of paper production capacity
* ABInBev: Brewery business expansion
* Adani Group: Dighi Port expansion
* JSW Steel: Renewable energy ventures
* Godrej Agrovet: Investment in cattle feed expansion and chemical segments
* CtrlS Data Centers: Setting up solar parks
* Web Werks: Investment in IT/ITES Data Center
* Hyundai Motor: Expansion plans

Published On : January 22, 2024
Recently Updated Current Affairs
Q .
International Day of Argania 2024 Observed on?
A)
7th May
B)
8th May
C)
9th May
D)
10th May

Correct Answer : Option (D) - 10th May

On May 10 every year, people around the world celebrate the International Day of Argania. This special day honours the Argan tree (Argania spinosa), an ancient species that has grown in Morocco for about 80 million years. These trees are not just old; they play a crucial role in the local economy and environment. The celebration aims to increase awareness about these unique trees, their benefits, and the challenges they face.

The Argan tree is a native species of the sub-Saharan region of Morocco, growing in arid and semi-arid areas. It’s the defining species of a woodland ecosystem, also known as Arganeraie, which is rich in endemic flora. It is resilient to harsh environments with water scarcity, erosion risk, and poor soils.

The Arganeraie ecosystem is not only important for conservation but also for research and socio-economic development due to its forestry, agricultural, and livestock use. The argan tree woodlands provide forest products, fruits, and fodder. The leaves and fruits are edible and highly appreciated, as is the undergrowth, and constitute a vital fodder reserve for all herds, even in periods of drought. The trees are also used as fuelwood for cooking and heating.

The World-Renowned Argan Oil :

The world-famous argan oil is extracted from the seeds and has multiple applications, especially in traditional and complementary medicine, and in the culinary and cosmetic industries.

The Argan Tree: A Fundamental Pillar for Sustainable Development :

The argan tree is typically a multipurpose tree that supports income generation, increases resilience, and improves climate adaptation, playing a crucial role in achieving the three dimensions of sustainable development – economic, social, and environmental – at the local level.

Published On : May 10, 2024
Q .
Who has been appointed (7th May 2024) as the Chairman of HDFC Life?
A)
Keki Mistry
B)
Vijay Kamath
C)
Ashok Sinha
D)
Rahul Shetty

Correct Answer : Option (A) - Keki Mistry

The Insurance Regulatory and Development Authority (IRDAI) on 7th May 2024 approved the appointment of Keki Mistry as Chairman of HDFC Life. “We now wish to inform that IRDAI on May 7, 2024 has accorded its approval for the appointment of Keki Mistry as Chairman of the Board of the Company,” HDFC Life said in an exchange filing on May 8.

Earlier, the insurer had appointed Mistry as the Chairman of the Board as Deepak Parekh stepped down from the post. “The board has unanimously approved the appointment of Keki M Mistry as the Chairman of the Board with immediate effect subject to approval of Insurance Regulatory and Development Authority,” the company said on April 18.

Published On : May 10, 2024
Q .
Which country has recently extended the deadline for visa-free entry for Indians till November 11, 2024?
A)
France
B)
Sri Lanka
C)
Malaysia
D)
Vietnam

Correct Answer : Option (B) - Sri Lanka

Thailand and Sri Lanka have extended the visa-free entry facilities for visitors from India. Thailand has announced the extension of visa-free entry till November 11, 2024. The facility, implemented on November 10, 2023, was initially till May 10, 2024.

The Sri Lanka government has announced the extension of the facility till May 31, 2024. The country started visa-free entry as a pilot project in October last year. In both countries, the facility is valid for 30 days for visitors from India.

Tourism Authority of Thailand officials said there had been a sharp increase in the number of tourists from India since the facility was implemented.

The number of visitors to Thailand from India between November 2022 and April 2023 was 7,55,066, the official said. This number went up to 9,68,000 between November 2023 and April 2024.

“There has been a 28.2 per cent increase in the number of visitors from India between November 2023 and April 2024 compared with the previous year. This helped the Thailand government decide to extend the visa-free facility,” said Sirges-a-nong Trirattanasongpol, director, Tourism Authority of Thailand, New Delhi Office. “India is a very important market for us.”

Published On : May 10, 2024
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