Who has been appointed as the chair of B20 India which represents the entire G20 business community?

Daily Current Affairs

Shapoor Mistry

T. V. Narendran

N Chandrasekaran

Rajesh Gopinathan

Correct Answer : N Chandrasekaran

N Chandrasekaran will assume the chair of B20 India and lead the business agenda during India’s G20 presidency.

* Chandrasekaran is chairman of the board of Tata Sons, the holding company and promoter of more than 100 Tata group companies with aggregate annual revenues of more than $100 billion.

* The Confederation of Indian Industry (CII) is appointed as the B20 India Secretariat by the Centre to lead the B20 India process. CII assumed charge on 1 December 2022.

* “As India commences its leadership of B20 amid multiple global developments and transformations, the participation of businesses in global economic decision-making has never been more critical," Chandrasekaran said.

* He added that a renewed strategy for businesses to strengthen global collaborations will foster economic stability, progress and growth that is inclusive and sustainable.

* B20 India has identified priorities for deliberations under the theme "R.A.I.S.E – Responsible, Accelerated, Innovative, Sustainable, and Equitable" Businesses. About 100 business policy initiatives will be organised by CII under the B20 calendar across the country during the presidency year.

* “B20 has been instrumental in shaping economic policy statements by the G20 grouping over the years. As India takes over the G20 Presidency, Indian industry’s proactive participation through the B20 India platform will contribute to the G20 dialogue and help develop a conducive environment for businesses to drive growth," said Sanjiv Bajaj, president, CII, and chairman & managing director, Bajaj Finserv Limited..

Source : Mint

Published On : December 9, 2022

Theme for International Labour Day 2024 :

Every year, the theme is announced by international labour organisations like the International Labour Organization (ILO). This year, the focus is on ensuring safety and health at work in a changing climate.

Significance and Celebrations :

Labour Day is celebrated with various events and festivities worldwide, including parades, marches, speeches, and cultural performances. These celebrations serve to honor the contributions of workers and the labour movement, and in many countries, it is observed as a national public holiday.

Published On : May 1, 2024

Q .

Which Company New Offline QR Code 'Scan & Pay' Service Revolutionizes Payment Landscape?

Paytm

Cred

PhonePe

BharatPe

Correct Answer : Option (B) - Cred

Fintech company 'Cred' has launched a UPI-based ‘Scan and Pay’ service that enables members to use any QR code for payments directly from their bank accounts.

The launch move marks Cred's foray into the offline payments space dominated by PhonePe, Google Pay, and Paytm.

Cred has been pushing its UPI (Unified Payments Interface) payments feature aggressively. The company said the feature will be convenient to make offline retail payments at large format stores. Such stores comprise supermarkets, fast-food joints, beauty salons, fashion boutiques, and various lifestyle retailers. The focus is on merchants with substantial average transaction amounts and whose patrons predominantly opt for credit card payments, it said.

Regardless of the payment method used, Cred will offer users rewards for each transaction. Users may deduct these benefits from their credit card expenses.

Published On : May 1, 2024

Q .

Maharashtra Foundation Day (or) Maharashtra Divas is celebrated every year on?

April 29th

April 30th

May 1st

May 2nd

Correct Answer : Option (C) - May 1st

Maharashtra Day, also known as Maharashtra Divas, is celebrated every year on May 1st to commemorate the formation of the state in 1960. Maharashtra was carved out of the Bombay Presidency and declared a separate state on this historic day. Present-day Gujarat constitutes the other part of the former Bombay state. The division was a result of the States Reorganisation Act of 1956, which aimed to reorganize states based on linguistic boundaries, following massive protests for linguistic states.

Maharashtra Diwas 2024 – Date :

Maharashtra Day, also known as Maharashtra Diwas, is celebrated annually on May 1st, marking the formation of the state of Maharashtra in 1960. This date holds immense importance for the Marathi people, serving as a reminder of their unity, resilience, and cultural heritage.

Maharashtra Foundation Day 2024 – History :

May 1st carries a dual significance as it is also celebrated as International Labour Day worldwide and Gujarat Day in India. The historical backdrop of Maharashtra’s formation is rooted in the linguistic reorganization of states following India’s independence. Bombay, comprising Marathi, Gujarati, Konkani, and Kutchi speakers, faced challenges due to linguistic disparities, leading to agitation for statehood based on linguistic lines.

The State Recognition Act of 1956 acknowledged Bombay as a multilingual state. However, the linguistic diversity caused disturbances and complexities. Movements like the Samyukta Maharashtra Movement and the Mahagujarat Movement emerged, demanding the division of Bombay into separate states for Marathi and Gujarati speakers. These movements culminated in the formation of Maharashtra and Gujarat on May 1, 1960.

Published On : May 1, 2024