Tuesday, January 23, 2024

DAILY GK 7-8 JAN

DAILY GK 7-8 JAN 

1.              WORLD BANK’S IBRD RAISES GBP 1.5 BILLION IN 5-YEAR SUSTAINABLE DEVELOPMENT BOND 

·                The World Bank (WB) arm International Bank for Reconstruction and Development (IBRD) has priced a 5-year Sustainable Development Bond in Great British Pound sterling (GBP) to raise GBP 1.5 billion from investors, contributing to finance sustainable development initiatives in World Bank member countries.

·                IBRD has maintained a triple-A(AAA) rating (investment grade ratings) since 1959.

·                The bond will mature on 2nd October 2028.

·                The bond is listed on the Luxembourg Stock Exchange (LSE) in Luxembourg City, Luxembourg.

·                World Bank Group(WBG): WBG consists of five development institutions namely,

1.     International Bank for Reconstruction and Development (IBRD)

2.     International Development Association (IDA)

3.     International Finance Corporation (IFC) 

4.     Multilateral Guarantee Agency (MIGA) 

5.     The International Centre for the Settlement of Investment Disputes (ICSID)

 

2.              INDIA’S GDP LIKELY TO GROW BY 7.3% IN FY24: NSO

·                National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released the First Advance Estimates (FAE) of National Income for the financial year 2023-24

·                Indian economy growth in real GDP will be at 7.3% in FY24 as compared to the 7.2% in FY23.

·                The higher GDP growth is driven by government expenditure along with a pickup in sectoral outputs of mining, manufacturing, construction and financial services.

 

3.              MD & CEO OF NARCL

·                P Santhosh, Chief General Manager (CGM) of Canara Bank, has been appointed (on deputation) as Managing Director (MD) and Chief Executive Officer (CEO) of National Asset Reconstruction of India Limited (NARCL)

·                NARCL is a state-backed ‘bad bank’ formed on 7th July 2021.

·                It is registered with the Reserve Bank of India (RBI) as an Asset Reconstruction Company (ARC).

·                Chairman– Diwakar Gupta

·                Headquarters– Mumbai, Maharashtra

 

4.              MD & CEO of NIIFL

·                SanjivAggarwal, Partner (Energy Infrastructure), Actis, was appointed as the Managing Director (MD) & Chief Executive officer (CEO) of National Investment and Infrastructure Fund Limited (NIIFL)

·                NIIFL-The creation of the National Investment and Infrastructure Fund  was announced in the Union Budget of 2015-16.

·                Headquarters – Mumbai, Maharashtra

 

5.              SEBI  EXECUTIVE DIRECTOR

·                The Securities and Exchange Board of India (SEBI), has appointed Govindayapalli Ram Mohan Rao as Executive Director (ED) of SEBI for a period of three years.

 

6.              ISRO Successfully Injected Aditya L1 into the Halo Orbit Around L1

·                Indian Space Research Organisation (ISRO) successfully performed the crucial manoeuvre (final manoeuvre) of injecting the Aditya-L1 spacecraft, India’s first space-based observatory-class solar probe to study the Sun, into the halo orbit around Lagrangian point 1 (L1). 

·                Aditya L1 has travelled around 3.7 million kilometers in 126 days to reach L1.

·                This marks the transition of Aditya L1 mission from cruise phase to orbit phase.

 

7.              BOOK FOUR STARS OF DESTINY

·                General Manoj MukundNaravane (MM Naravane), former Chief of Army Staff(CoAS) has penned his autobiography titled “Four Stars of Destiny: An Autobiography”.

·                MM Naravane served as the 28th CoAS of Indian Army from December 2019 to April 2022. 

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