Friday, May 17, 2024

DAILY GK 7-8 APRIL

 DAILY GK 7-8 APRIL

1.              IFFCO & ACME SIGNED MOU TO BOOST SUSTAINABILITY IN AGRICULTURE

·                The Indian Farmers Fertiliser Cooperative Limited (IFFCO), the world’s largest fertilizer cooperative, has signed a Memorandum of Understanding (MoU) with ACME Cleantech Solutions Private Limited (ACME) for the purchase and supply of about 200,000 Metric Ton (MT) of ammonia produced using renewable energy.

·                ACME is India’s leading renewable energy company specialising in developing renewable energy projects, including green hydrogen and ammonia plants.

·                As per the MoU, the ammonia will be produced using a renewable energy source at ACME’s facility in Gopalpur, Odisha.

 

2.              NEW GI TAG

·                The Chennai (Tamil Nadu)-headquartered Geographical Indications Registry under the Department for Promotion of Industry and Internal Trade (DPIIT), the Ministry of Commerce and Industry awarded geographical indication (GI) tags to MirajTanpura and Miraj Sitar of Maharashtra and BundelkhandKathiyaGehu (Wheat) of Uttar Pradesh (UP).

 

3.              RBI’S 1ST BI-MONTHLY MONETARY POLICY OF FY25

·                The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) met on April 3-5, 2024, and released 1st Bi-monthly Monetary Policy of FY25 i.e. Monetary Policy Statement, 2024-25 Resolution of the MPC‘ which kept India’s real Gross Domestic Product (GDP) growth at 7% for FY25 (2024-25)

·                Consumer Price Index (CPI) inflation or retail inflation is projected at 4.5% (unchanged vis-a-vis February 2024 projection) for FY25

·                India’s Foreign Exchange (Forex) Reserves hit a new high for the third consecutive week, reaching USD 645.58 billion by the end of the week on March 29, 2024, as per RBI data.

·                Section 45ZB of the amended RBI Act, 1934 provides for an empowered six-member Monetary Policy Committee (MPC) to be constituted by the Central Government by notification in the Official Gazette.

 

4.              RBI CANCELS COR OF 4 NBFC

·                The Reserve Bank of India(RBI) has cancelled the Certificate of Registration(CoR) of Four Non-Banking Financial Companies (NBFCs) in the exercise of powers conferred on it under Section 45-IA (6) of the RBI Act, 1934.

·                Kundles Motor Finance Private Limited (Bareilly, Uttar Pradesh-UP)

·                Nithya Finance Limited (Coimbatore, Tamil Nadu-TN)

·                Bhatia Hire Purchase Private Limited (Bathinda, Punjab)

·                Jiwanjyoti Deposits and Advances Limited (Hamirpur, Himachal Pradesh)

 

5.              RBI IMPOSES PENALTY ON IDFC FIRST BANK & LIC HOUSING FINANCE

·                RBI has imposed a monetary penalty of Rs 1 crore on IDFC First Bank Limited  fornon-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’.

·                RBI has imposed a monetary penalty of Rs 49.70 lakhs on LIC Housing Finance Limited for non-compliance with certain provisions of  ‘Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021’.

·                IDFC First Bank Limited Headquarters- Mumbai, Maharashtra

 

6.              SEBI GETS ISO/IEC 27001:2022 CERTIFICATION

·                The Securities and Exchange Board of India (SEBI) has received the International Organization for Standardization/International Electrotechnical Commission(ISO/IEC27001:2022 certification for its Information Security Management System(ISMS) at the Primary Data Centre,Disaster Recovery site, and Security  Operations  Control  (SOC)  and  Network  Operations  Control  (NOC) Operations.

·                Sebi received this certification following an audit by the certification body under the accreditation of the National Accreditation Board for Certification Bodies (NABCB), a member of the International Accreditation Forum(IAF).

·                ISO/IEC 27001 is an international standard for ISMS which defines the specification for an effective ISMS and offers guidance to establish, implement, maintain and continously  improve an ISMS to organisations of all size and across all sectors.

·                ISO is an independent non-governmental organisation comprised of members from 170 countries’ national standards bodies.

·                Headquarters – Geneva, Switzerland

 

7.              VISHWAKARMA AWARDS 2024

·                SJVN Limited, a hydroelectric power generation company, received the Achievement Award for Creating Social Development and Impact at the 15th CIDC Vishwakarma Awards (VKA) (2024) instituted by the Construction Industry Development Council(CIDC).

·                The CIDC Vishwakarma Awards recognises organisations and individuals contributing to national growth and SJVN Ltd is a Joint Venture (JV) of the Government of India (GoI) and the Government of Himachal Pradesh (GoHP).

 

8.              CHAIRMAN OF NCDFI

·                Chairman and Managing Director (CMD) of the National Dairy Development Board (NDDB), Dr. MeeneshkumarChampaklal Shah has been unanimously elected as the Chairman of the National Cooperative Dairy Federation of India Ltd. (NCDFI)

·                The Ministry of Cooperation oversees the National Cooperative Dairy Federation of India Ltd.

·                In 1984, it started functioning as the apex body of the cooperative dairy industry.

·                Headquarters– Anand, Gujarat

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