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Daily & Latest Current Affairs in 2024

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A)
22nd February
B)
23rd February
C)
24th February
D)
25th February

Correct Answer :   24th February


The Central Excise Day is celebrated in India every year on February 24 to commemorate the establishment of the Central Board of Excise and Customs (CBEC).

The day is observed to recognise the efforts of the Central Excise and Customs officials who work tirelessly to safeguard the country’s economy.

The Central Excise and Customs Department is responsible for collecting indirect taxes on goods and services in India and also the imported goods. It also ensures that these taxes are paid on time and that all imports and exports comply with the regulations and laws enacted by the government.


Central Excise Day History :

* The Central Excise and Salt Act was passed on February 24, 1944, to make changes in the law related to salt and Central duties.

* In total, it was a combination of 11 Acts concerning the excise duties. In 1985, a Central Excise Tariff Act was introduced and it became a part of the old Central Excises and Salt Act.

* With effect from September 28, 1996, the Act was known as the Central Excise Act 1944.


Central Excise Day Significance :

* The significance of Central Excise Day lies in recognising the hard work and dedication of the officials who work to collect taxes, prevent smuggling, and curb fraudulent activities.

* The day also highlights the role that the department plays in promoting economic growth and development.

* The Central Board of Indirect Taxes and Customs (CBIC) is responsible for administering Customs, Goods, and Service Tax (GST), Narcotics, Central Excise, and Service Tax in India.

Source : News18

Published On : February 24, 2023
A)
28th Febraury to 8th March 2023
B)
27th Febraury to 7th March 2023
C)
26th Febraury to 6th March 2023
D)
25th Febraury to 5th March 2023

Correct Answer :   25th Febraury to 5th March 2023


The New Delhi World Book 2023 Fair will be held from 25th February to 5th March 2023 at Pragati Maidan in New Delhi. Education Minister Dharmendra Pradhan will inaugurate the fair on 25th February.

New Delhi World Book 2023 Theme : The theme of the fair is Azadi Ka Amrit Mahotsav.

* Prof. Govind Prasad Sharma said several literary and cultural activities focussing on the theme will be organized during the fair.

* He said, more than two thousand stalls will be set up and more than one thousand book publishers will participate in the fair.

* Director of National Book Trust Yuvraj Malik said France has been designated as the Guest of Honour Country.

* He said the G20 theme has been integrated with the New Delhi World Book Fair and exhibitions of books from G20 member countries will be organized during the fair.
 
* Foreign and G20 pavilions, a dedicated pavilion on National Education Policy 2020 and a Children's pavilion will also be set up in the fair.

* At the YUVA corner in the fair, 75 young writers will interact with book lovers, visitors and other panellists.

* The timings of fair will be from 11 a.m. to 8 p.m. and the people can enter the fair from Gate Numbers 4 and 10.

* Entry is free for school children, senior citizens and the differently-abled.


National Book Trust (NBT) Chairman : Prof. Govind Prasad Sharma.

Source : AIR

Published On : February 24, 2023
A)
Shantanu Narayen
B)
Ajay Banga
C)
Rakesh Kapoor
D)
Laxman Narasimhan

Correct Answer :   Ajay Banga


US President Joe Biden has nominated former Mastercard CEO "Ajay Banga" for the position of World Bank president.

Donald Trump appointee David Malpass will step down from his role this June 2023 before completing his tenure in April 2024.

The early departure of David Malpass from the 189-nation poverty reduction agency was seen as an opportunity for the USA to come up with a leadership that can lead the organization for the welfare of less-wealthy nations.

The US government nominated Ajay Banga for his expertise in handling global challenges including climate change, which is the topmost priority for it. World Bank is often criticized for being hostile to undeveloped nations.

About Ajay Banga :

* Currently, Ajay Banga is appointed as the vice chairman at private equity firm General Atlantic, a US private equity firm that administration officials said has invested over $800 million in EV charging solutions, solar power, and sustainable farming.

* He retired in December 2021 after 12 years at the helm of Mastercard, where administration officials noted that he helped 500 million unbanked people join the digital economy, averted layoffs of the bank's 19,000 employees during the Covid-19 pandemic, and led work on climate, gender, and sustainable agriculture.

* In total, he has more than 30 years of business experience in handling different roles at Mastercard and on the boards of the American Red Cross, Kraft Foods, and Dow Inc.

* Notably, he is the first Indian-born nominee for the role of World Bank President. Joe Biden expressed confidence in Ajay Banga's leadership and said he is uniquely equipped to lead the World Bank at this stage. Biden also stated that Ajay has a critical experience mobilizing public-private resources to tackle the most urgent challenges.

* Banga's work in India and other emerging markets, his "obsession" with expanding financial inclusion, and his deep knowledge of new technologies could help bridge the divide between rich countries and emerging markets, said Luis Alberto Moreno, who worked closely with Banga while serving as president of the Inter-American Development Bank.

* India was expected to support Banga's candidacy, according to Krishnamurthy Subramanian, the former top economic adviser to the Indian government who now serves as India's executive director at the International Monetary Fund. "It's an elegant solution."..

Published On : February 24, 2023
A)
Rajiv Mehrishi
B)
Girish Chandra Murmu
C)
Yashwant Sinha
D)
Satya Pal Malik

Correct Answer :   Girish Chandra Murmu


Comptroller and Auditor General (CAG), Girish Chandra Murmu has been selected as External Auditor of the International Labour Organization in Geneva for a four-year term from 2024 to 2027.

* The decision was taken after a rigorous selection process. CAG will take over from the incumbent External Auditor of ILO, Supreme Audit Institution of Philippines.

* CAG’s appointment is a recognition of its standing among the international community as well as its professionalism, high standards, global audit experience and strong national credentials.

* ILO had formed a Selection Panel for appointment of External Auditor and invited bids from the Supreme Audit Institutions.

* Based on the technical experience and other criteria, ILO shortlisted three Supreme Audit Institutions - India, Canada and United Kingdom - for technical presentations.

* In Geneva, a three-member team from CAG of India presented the strengths, approach and skill set and the vast experience of auditing International Organizations to the tripartite selection panel of ILO..

Source : AIR

Published On : February 24, 2023
A)
February 20, 2023
B)
February 21, 2023
C)
February 22, 2023
D)
February 23, 2023

Correct Answer :   February 22, 2023


Classical dance legend Kanak Rele passed away on February 22, 2023, died at the age of 85 in Mumbai. The Mohiniyattam exponent, who was awarded the first Guru Gopinath National Puraskaram of the Government of Kerala,

* Born on June 11, 1937, in Gujarat to Shivdas and Madhuri, Kanak Rele spent her childhood in Santiniketan, West Bengal.

* It was during this time that she turned to dance and became fascinated with Kathakali and Mohiniyattam.

* At the age of seven, she learned Kathakali under Guru Karunakara Panicker. Kanak Rele, who loved Kerala and its art forms, studied Mohiniyattam under Kalamandalam Rajalakshmi.

* Although she studied law at the University of Mumbai and obtained a diploma in international law from the University of Manchester, she chose dance as her field.

* Kanak Rele received various awards and prizes over her nearly eight-decade-long dancing career, including the Padma Shri (1989), Padma Bhushan (2013), Sangeet Natak Akademi Award (1994), Kalidas Samman (2006) and MS Subbulakshmi Award, amongst other accolades.

Born : 11 June 1937, Gujarat

Died : 22 February 2023, Mumbai

Source : India Times

Published On : February 24, 2023
A)
Amazon
B)
Apple
C)
Google
D)
Flipkart

Correct Answer :   Amazon


E-commerce giant Amazon announced Friday(24th February 2023) that it will join the Indian government’s ONDC (Open Network for Digital Commerce) platform, and as part of its initial collaboration will integrate its Smart Commerce and logistics services with the ONDC network.

* Amazon logistics services include pickup and delivery, while Smart Commerce is a suite of SaaS (software-as-a-service) products hosted on AWS that can assist MSMEs build and scale their business and integrate it with the ONDC network.

* Amazon said it will continue to explore potential opportunities for a stronger integration with the ONDC network.

* ONDC is a non-profit organization set up by the commerce ministry’s Department for Promotion of Industry and Internal Trade (DPIIT) to democratise e-commerce services and provide small e-commerce stores and online sellers with a level playing field.


Amazon’s vision : The Amazon’s vision and commitment for India are closely aligned with ONDC’s objectives of digitally enabling small businesses and providing convenience and choice to customers across the country.

* Manish Tiwary, country manager, India Consumer Business, at Amazon India.

* Tiwary added that Amazon was excited to provide its infrastructure and technology to help ONDC achieve its goals faster.

* ONDC network is currently in beta phase and has conducted pilots in select cities.

* The ONDC network protocol allows anyone to create an e-commerce marketplace and tap into the ONDC network to get products displayed and delivered without having to worry about logistics.

* In August 2022, ONDC signed a memorandum of understanding (MoU) with the Small Industries and Development Bank of India (SIDBI) to onboard its huge ecosystem of MSMEs on the network.

* Several companies including Microsoft, Meesho, Paytm, and Dunzo have already joined the platform. Flipkart, PhonePe, and JioMart are also reportedly planning to join the network.

Source : Mint

Published On : February 24, 2023
A)
V Vaidyanathan
B)
Deepak Bagla
C)
Samina Hamied
D)
Sajjan Jindal

Correct Answer :   Sajjan Jindal


Sajjan Jindal, Chairman and Managing Director, JSW Group was named the EY Entrepreneur of the Year 2022 and will now represent India at the EY World Entrepreneur of the Year Award (WEOY) at Monte Carlo in June 2023.

Sajjan was selected for his exceptional entrepreneurial journey in scaling the global conglomerate with presence in steel, cement, infrastructure, energy, and paints to revenues of US$22 billion, globally employing over 40,000 people.

Earning the sobriquet of ‘Man of Steel’, he was the first representative from India to serve as the Chairman of the World Steel Association.

Other Winners :

K. P. Singh (DLF Group) : Lifetime Achievement Award

Deepak Bagla (Invest India) : Special Jury Award

Mahesh Pratapneni (MedGenome) : Start-up Award Award

V Vaidyanathan (IDFC First Bank) : Financial Services Award

Pradeep Kumar Kheruka (Borosil Group) : Manufacturing Award

Pawan Jain and Rubal Jain (Safexpress) : Services Award

Irfan Razack (Prestige Constructions) : Energy, Real Estate and Infrastructure Award

Samina Hamied (Cipla) : Life Sciences and Healthcare Award
 
Ravi Modi (Vedant Fashions (Manyavar)) : Consumer Products and Retail Award

Vivek Kumar Jain (Gujarat Fluorochemicals ) : Business Transformation Award.

Source : EY

Published On : February 24, 2023
A)
Surguja
B)
Dhamtari
C)
Bastar
D)
Kabirdham

Correct Answer :   Bastar


For the first time, the Central Reserve Police Force (CRPF) will hold its Raising Day function in Bastar district of Chhattisgarh, a place that has been a hot bed of left wing extremism.

* The preparation for the celebration on March 19 will start in a few days. We still have about a month to go.

* We are preparing the infrastructure. It will be held in Jagdalpur in a place called Karanpur -- the headquarter of 204 and 201 COBRA battalion.

* The parade will happen there. It is about 15 km from Jagdalpur airport.

* Bastar along with other districts in Chhattisgarh such as Sukma, Dantewada and Bijawara have witnessed major attacks by Maoist groups in the past prompting the paramilitary force to launch counter offensive operations.

* The CRPF, which is the largest paramilitary force in the country, had celebrated its 83rd CRPF Day in Jammu last year (2022).

* In the CRPF, there are four zones – Jammu and Kashmir zone, Central Zone, Northeast zone and the Southern zone -- each headed by a special director general.

* The CRPF was entrusted the task of anti-naxal operations there in 2003.

* There are 6 COBRA battalions in the Chhattisgarh sector. Cobra battalion is a specialised force within the CRPF where personnel specialise in guerrilla warfare..

Source : Hindustan Times

Published On : February 24, 2023
A)
August 31, 2023
B)
August 31, 2024
C)
August 31, 2025
D)
August 31, 2026

Correct Answer :   August 31, 2024


The Union cabinet, chaired by Prime Minister Narendra Modi, on 22 February 2023 extended the term of the 22nd Law Commission till August 31, 2024.

The move came as the tenure of the 22nd Law Commission of India ended on February 20, 2023.

Former chief justice of the Karnataka High Court Ritu Raj Awasthi is the chairperson of the current commission, and its members include KT Sankaran, a retired judge of the Kerala High Court.

The 22nd commission is tasked with :

* identification of laws that are no longer relevant and can be done away with;

* suggesting new laws that may be necessary to implement the directive principles and to attain the objectives set out in the preamble of the Constitution;

* advising the government on any subject relating to law and judicial administration that may be routed through the ministry of law and justice (Department of Legal Affairs);

* considering the requests for providing research to any foreign countries as may be referred to it by the government through law ministry; and

* preparing reports on all issues, matters, studies and research undertaken by it and recommending such reports for effective measures to be taken by the central or state governments.

About The Law Commission of India :The Law Commission of India is a non-statutory body constituted by the Government of India from time to time.

The first Law Commission of independent India was established in 1955 for a three-year term.
The first Law Commission was established during the British Raj era in 1834 by the Charter Act of 1833 and was chaired by Lord Macaulay.
Law commissions have been instrumental in the progressive development and codification of laws in the country. JThe commission has so far submitted 277 reports.

Objectives of the Law Commission of India :

* It works as an advisory body to the Ministry of Law and Justice.

* The Law Commission undertakes research in law and review of existing laws in India for making reforms therein and enacting new legislations on a reference made to it by the Central Government or suo-motu..

Source : NDTV

Published On : February 24, 2023
A)
Israel
B)
India
C)
Mexico
D)
Germany

Correct Answer :   India


* India has recently joined the Agriculture Innovation Mission for Climate (AIM4C) initiative. It is a joint initiative of the United States of America and the United Arab Emirates.

* US Under Secretary of State for Economic Growth, Energy and the Environment Jose W. Fernandez who was in Abu Dhabi for the I2U2 Business Forum welcomed the Secretary (Economic Relations) Dammu Ravi in the Ministry of External Affairs signing a letter expressing the Indian Government’s intention to join the Agriculture Innovation Mission for Climate (AIM4C).

* The US and the United Arab Emirates launched AIM4C in November 2021. AIM4C seeks to increase investment in and support innovation in climate-smart agriculture and food systems.

* The AIM4C initiative has successfully increased these investments to more than 8 billion US dollars globally.

* India joins more than 275 partners, including 42 governments, who are working to collectively advance AIM4C’s mission by supporting investment in climate-smart agriculture and food systems innovation.

* Earlier on Wednesday (22nd Feb 2023), Ravi attended India-Israel-UAE-US (I2U2) Sherpas meeting held in Abu Dhabi.

* During the meeting, Sherpas reiterated their commitment to the I2U2 partnership and reviewed progress in all the existing and prospective I2U2 projects.

* I2U2 Grouping was conceptualized during the meeting of the Foreign Ministers of the four countries held on 18 October 2021..

Source : The Print

Published On : February 23, 2023