Current Affairs - April 17, 2024 Current Affairs

The CDP-SURAKSHA initiative by the Indian government is aimed at revolutionizing horticulture subsidies, and streamlining their distribution through digital integration and secure payment mechanisms. This initiative is a significant step towards supporting horticulture farmers and promoting growth in the horticulture sector.

The RBI banned Bank of Baroda from onboarding new customers on its 'BoB World' mobile app in response to a surge in cyber fraud incidents, including the Bank of Baroda World app scam. This measure aims to address supervisory concerns and enhance cybersecurity in the banking sector.

The Protection of Women from Domestic Violence Act was enacted in 2005 to provide legal protection and remedies to women facing domestic violence, regardless of their religious or social background. This act is a crucial step in addressing and combating domestic violence against women in India, highlighting the government's commitment to safeguarding women's rights and well-being.

The Indian Space Research Organisation (ISRO) is set to launch the European Space Agency's (ESA) Solar Study Mission Proba-3, highlighting ISRO's role as a key player in international space collaborations and missions.

The IMF has revised India's GDP growth forecast for 2024-25 to 6.8%, citing robust domestic demand as a key factor driving this upward revision. This reflects the IMF's confidence in India's economic resilience and potential for growth despite global challenges.

The Himachal Pradesh Cricket Association (HPCA) stadium in Dharamshala has introduced India's first 'hybrid pitch', combining natural turf with polymer fibre for enhanced durability and consistency. This innovative technology is expected to revolutionize cricket matches held at this venue, offering players and fans a more reliable and high-performing playing surface.

World Hemophilia Day is observed annually on April 17th to raise awareness about hemophilia, a rare and inherited bleeding disorder. This date was chosen by the World Federation of Hemophilia to honour the birth of Frank Schnabel, the organization's founder, who advocated for hemophilia awareness and better treatment options.

Fitch Ratings has reaffirmed the long-term issuer default rating (IDR) of "BBB-" for both State Bank of India (SBI) and Canara Bank, with a stable outlook. This rating reflects their adequate capacity to meet financial commitments, despite variations in risk appetite and loan growth patterns observed by Fitch.

Squadron Leader Dalip Singh Majithia, the oldest living pilot of the Indian Air Force (IAF), passed away at the age of 103. He joined the IAF during World War II, showcasing his bravery and commitment during a crucial period in global history, further highlighting his significant contributions to the Indian military legacy.

Nalin Negi has been appointed as the Chief Executive Officer of BharatPe after serving as the interim CEO and CFO. Under his leadership, the company has seen significant revenue growth and achieved positive Ebitda, showcasing his experience and strategic capabilities in the fintech and banking sectors.