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18th January Current Affairs 2024

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National and International Current Affairs of 18th January 2024

1. Pongal 2024 Festival Ends:

The four-day Pongal harvest festival celebrated by Tamils worldwide concluded on January 18, 2024.

2. Startup Ranking 2022 Highlights:

Gujarat, Kerala, and Karnataka excelled in the Startup Ranking 2022. The National Startup Awards 2023 were also announced.

3. Group Insurance Scheme for CPLs:

Defence Minister Rajnath Singh approved a group insurance scheme for CPLs working with BRO.

4. ICAI Award for REC Limited:

REC Limited, a leading NBFC, received the ICAI Award for Excellence in Financial Reporting for 2022-2023.

5. Regional Turmoil in West Asia:

West Asia needs a security balance with the Palestine issue at its center.

6. Other Current Affairs (January 18, 2024):

   Anganwadi Workers' Strike in Andhra Pradesh

   Annual Status of Education Report (ASER) 2023

   Impact of PTSD on Brain Structure: Cerebellum Volume Reduction

   Sri Guru Gobind Singh Ji

   Light-Emitting Diodes

   Pakke Paga Hornbill Festival

7. Windfall Tax Reduction:

The Ministry of Finance reduced the windfall tax from Rs 2,300 to Rs 1,700 per tonne.

8. Electric Car Market Share Objective:

The current market share of electric cars is 1.3%, with plans to increase it significantly.

9. SAED in Windfall Tax Context:

SAED stands for Special Additional Excise Duty in the context of the windfall tax.

10. ISRO Chairman Inaugurates Pixxel’s MegaPixxel Facility:

ISRO Chairman S Somanath inaugurated Pixxel’s MegaPixxel facility in Bengaluru on January 15.

11. LIC Housing Finance Overview:

LIC Housing Finance Ltd., incorporated in 1989, went public in 1994, with stocks listed on NSE and BSE.

12. FCRA Registration Cancellation:

The Ministry of Home Affairs canceled CPR’s FCRA registration, citing alleged violations.

13. Edelman Trust Barometer 2024:

India holds the top position in trust in both businesses and NGOs, according to the Edelman Trust Barometer 2024.

14. Media Trust Survey:

The survey indicates that China leads in media trust globally.

15. Ind-Ra's Revised GDP Growth Estimate:

Ind-Ra revised India’s GDP growth estimate for FY’24 from 6.2% to 6.7%.

16. RBI's Draft Framework for SROs:

The RBI released a draft framework for the recognition of SROs in the FinTech sector.

17. C4IR Collaboration:

The World Economic Forum and the Telangana government collaborate to establish the Centre for the Fourth Industrial Revolution (C4IR) in Hyderabad.

18. UPI-enabled ‘Samman RuPay Credit Card’:

In partnership with NPCI, IndusInd Bank introduces the UPI-enabled ‘Samman RuPay Credit Card’ for government sector employees.

19. Karnataka Bank and Clix Capital Digital Collaboration:

In compliance with RBI guidelines, Karnataka Bank and Clix Capital unite digitally on the Yubi Co.lend Platform, focusing on lending to India’s crucial MSME sector.

20. Dr. Manmohan Singh's Role in Economic Reforms:

Dr. Manmohan Singh played a pivotal role in implementing economic reforms as the Finance Minister during a specific period.


25 Objective Current Affairs of 18th January 2024

1. What is Pongal 2024?

 Answer: Pongal 2024 is a four-day harvest festival celebrated by Tamils worldwide, ending on January 18, 2024.

2. Which states were top-performing in Startup Ranking 2022?

 Answer: Gujarat, Kerala, and Karnataka were the top-performing states in Startup Ranking 2022.

3. What proposal did Defence Minister Rajnath Singh approve?

 Answer: Defence Minister Rajnath Singh approved the proposal to launch a group insurance scheme for CPLs engaged by BRO.

4. Which NBFC received the ICAI Award for Excellence in Financial Reporting for 2022-2023?

 Answer: REC Limited, a leading NBFC, received the ICAI Award for Excellence in Financial Reporting for 2022-2023.

5. What is the focus of regional turmoil in West Asia?

 Answer: West Asia needs a security equilibrium with the Palestine issue at the center.

6. What were the current affairs on January 18, 2024, related to Andhra Pradesh?

 Answer: Anganwadi Workers went on strike in Andhra Pradesh on January 18, 2024.

7. What does SAED stand for in the context of the windfall tax?

 Answer: SAED stands for Special Additional Excise Duty in the context of the windfall tax.

8. Who inaugurated Pixxel’s MegaPixxel facility in Bengaluru on January 15?

Answer: S Somanath, the chairman of ISRO, inaugurated Pixxel’s MegaPixxel facility in Bengaluru on January 15.

9. When was LIC Housing Finance Ltd. incorporated, and when did it go public?

 Answer: LIC Housing Finance Ltd. was incorporated in 1989 and went public in 1994.

10. Why was CPR’s FCRA registration cancelled by the Ministry of Home Affairs?

 Answer: CPR’s FCRA registration was cancelled due to alleged violations, as stated by the Ministry of Home Affairs.

11. According to the Edelman Trust Barometer 2024, which country holds the top position in trust in businesses and NGOs?

 Answer: India holds the top position in trust in both businesses and NGOs, according to the Edelman Trust Barometer 2024.

12. What does the survey indicate about media trust globally?

 Answer: The survey indicates that China leads in media trust globally.

13. How much did Ind-Ra revise India’s GDP growth estimate for FY’24?

 Answer: Ind-Ra revised India’s GDP growth estimate for FY’24 from 6.2% to 6.7%.

14. What did the RBI release regarding SROs in the FinTech sector?

 Answer: The RBI released a draft framework to establish guidelines for the recognition of SROs in the FinTech sector.

15. Under what category should the SRO-FT applicant be set up according to the draft framework?**

 Answer: According to the draft framework, the SRO-FT applicant should be set up as a not-for-profit company under Section 8 of the Companies Act, 2013.

16. What is the collaboration between the World Economic Forum (WEF) and the Telangana government?

 Answer: The collaboration is to establish the Centre for the Fourth Industrial Revolution (C4IR) in Hyderabad.

17. What UPI-enabled credit card did IndusInd Bank introduce in partnership with NPCI?

 Answer: IndusInd Bank introduced the UPI-enabled ‘Samman RuPay Credit Card’ in partnership with NPCI, exclusively designed for government sector employees.

18. In compliance with RBI guidelines, what did Karnataka Bank and Clix Capital unite digitally for?

 Answer: In compliance with RBI guidelines, Karnataka Bank and Clix Capital united digitally on the Yubi Co.lend Platform, focusing on lending to India’s crucial MSME sector.

19. Who played a pivotal role in implementing economic reforms as the Finance Minister during a specific period?

 Answer: Dr. Manmohan Singh played a pivotal role in implementing economic reforms as the Finance Minister during a specific period.