Current Affairs - January 4, 2024 Current Affairs

India Ratings and Research (Ind-Ra) raised the GDP growth estimate for the current fiscal year to 6.7%, citing a robust economy, sustained government capital expenditure, and the potential for new private corporate capital expenditure. The revision reflects the agency's optimism despite acknowledged risks such as weak global growth, trade uncertainties, and volatile geopolitical situations.

The J&K government approved the formation of a draft committee to propose the establishment of a Madrasa board. This development has been welcomed by scholars in Anantnag, expressing gratitude to LG Manoj Sinha and Chief Secretary Atul Dilu for their prompt approval of the draft committee, bringing joy to both the people and students in Jammu and Kashmir.

Uttar Pradesh has consistently demonstrated the highest entry rates on the Inter-Operable Criminal Justice System (ICJS) platform for three years, emphasizing the state's dedication to incorporating technology into the administration of justice. The ICJS platform, initiated by the Supreme Court’s e-committee and implemented by the Ministry of Home Affairs, plays a crucial role in enhancing the efficiency of India's criminal justice system.

France has pioneered the implementation of fully digital Schengen visas for the 2024 Paris Olympics through the "Olympic Consulate" system, making it the first European Union member to adopt such an online visa processing approach. This innovative system, operational since January 1, 2024, simplifies the application process for international athletes, journalists, and foreign delegations.

World Braille Day is observed annually on January 4, paying profound tribute to Louis Braille, the visionary mind behind the transformative braille system. Louis Braille, born in 1809 in France, overcame adversity and created one of history's most revolutionary systems.

Oman is set to unveil its latest sports complex to host the FIH (International Hockey Federation) Hockey5s World Cup qualifiers, showcasing the country's commitment to excellence in sports, particularly in the realm of hockey. The event is scheduled just ahead of the Summer 2024 Olympic Games in Paris.

The State Bank of India, in response to the growing demand in the domestic Environmental, Social, and Governance (ESG) financing market, secured $1 billion through a Syndicated Social Loan. The issuance comprised $750 million, with an additional $250 million as a green shoe option, as disclosed in the regulatory filing made by SBI.

Puneet Chhatwal, the Managing Director and CEO of Indian Hotels Company Limited, has been appointed as the new Chairperson of FAITH, succeeding Nakul Anand.

Nadia Calvino assumed office as the new president of the European Investment Bank on January 1, making her the first woman and the first Spaniard to hold this position in the institution's history.

The collaboration between ISRO's commercial arm, NewSpace India Ltd (NSIL), and SpaceX involves the launch of the communication satellite GSAT-20. This marks a historic moment as it signifies India's first partnership with SpaceX for space exploration and satellite deployment.

The Demonstration Fast Reactor Fuel Reprocessing Plant (DFRP) was inaugurated at the Indira Gandhi Centre for Atomic Research (IGCAR), Kalpakkam, by the Prime Minister, marking a significant stride in enhancing India's nuclear prowess.

Justice Sanjiv Khanna, the senior-most judge of the Supreme Court, has been appointed as the Executive Chairperson of the National Legal Services Authority (NALSA), succeeding Justice S. K. Kaul, who retired on December 25. This appointment follows the convention of appointing the second senior-most judge of the Supreme Court to the crucial position of NALSA Executive Chairman.

The 10th edition of the Vibrant Gujarat Global Investors Summit, taking place from January 10 to 12, 2024, features the theme "Gateway to the Future." Notably, the Chief Guest for the event will be President Mohamed Bin Zayed of the UAE.. This theme emphasizes the summit's crucial role as a platform for global policymakers, diplomats, business leaders, and investors to collaborate, form partnerships, and explore diverse investment opportunities, thereby contributing to shaping a promising future.

Beatrice Chebet of Kenya displayed athletic prowess by breaking the world record for the women's 5 km marathon in Barcelona, concluding her remarkable year on a triumphant note. The clocking of an astounding 14:13 marked a memorable achievement, pending World Athletics' ratification.

Vice Admiral Sanjay Jasjit Singh, AVSM, NM, officially assumed the role of the Flag Officer Commanding in Chief of the Western Naval Command (WNC) from Vice Admiral Dinesh K Tripathi, AVSM, NM, marking a significant transition in naval leadership.