Who has been appointed as chairman of GIFT (Gujarat International Finance Tec) City?

Daily Current Affairs

Ajit Doval

Satya Pal Malik

Nripendra Misra

Hasmukh Adhia

Correct Answer : Hasmukh Adhia

Former Union Finance Secretary and retired Gujarat cadre bureaucrat Hasmukh Adhia, who is principal advisor to chief minister Bhupendra Patel has been appointed as chairman of GIFT (Gujarat International Finance Tec) City, and as Chairman and Director of the Vadodara based Gujarat Alkalies and Chemicals Ltd (GACL) and the Chairman and Director of the Gujarat Mineral Development Corporation (GMDC).

Adhia replaces Sudhir Mankad in GIFT City, and took charge on Wednesday (21st June 2023).

Adhia, a 1981 batch bureaucrat, headed the task force to chart the Gujarat roadmap in making India a five-trillion dollar economy, the report for which was submitted to the Gujarat government May last.

Adhia was principal secretary to Narendra Modi when he was the chief minister of Gujarat.

In orders passed on Monday (19th June 2023), the Gujarat government also appointed the advisor to the CM and a former Gujarat cadre IAS officer SS Rathore as chairman of the DREAM (Diamond Research and Mercantile) City in Surat.

For the GMDC which has acquired two major coal mines in Odisha in its first venture outside Gujarat, this appointment is a “break from tradition” as officials describe it and “a matter of great pride” , for the State PSU which has ambitious expansion plans. So far the Additional Chief Secretary (Industries) would hold the position of chairman of GMDC..

Source : Indian Express

Published On : June 22, 2023

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