Daily Current Affairs of 04th January 2024 in English

Introduction:

Daily Current Affairs of 04th January 2024, witnessed a series of significant events across various domains, ranging from infrastructure development to geopolitical concerns, cultural celebrations, and scientific discoveries. Here's an in-depth look at the noteworthy occurrences of the day.

Top Current Affairs and News Headlines – January 04, 2024

International News:

Oman Shines as Host for FIH Hockey5s World Cup Qualifiers

Cutting-edge complex unveiled for the prestigious event

Eight international teams vie for three coveted Olympic tickets

Newly constructed stadium with a capacity of over 5,000 promises a thrilling spectacle

Stadium built to the latest standards approved by the International Hockey Federation

Oman's commitment to sports highlighted as it gears up for the FIH Hockey5s World Cup qualifiers

France Leads Digital Innovation with Online Schengen Visas for Paris Olympics

• France becomes the first EU member to introduce fully digital Schengen visas
• "Olympic Consulate" system via France-Visas portal streamlines applications
• A groundbreaking move aligning with the EU’s digitalization plans for Schengen visas
• Online visa applications exclusive for 2024 Olympic and Paralympic Games participants
• An innovative step enhancing the efficiency of the visa application process

State News:

PM Modi Unveils ₹1,156 Crore Projects Transforming Lakshadweep

• Inauguration of projects includes ₹1,072-crore Submarine Optical Fibre Cable
• Japanese firm NEC and BSNL collaboration promises 100 Gbps internet connectivity
• A significant stride towards providing 4G, 5G, and high-speed broadband in the archipelago
• Undersea cable link covers 1,868 kilometers, connecting multiple islands
• Projects also include infrastructure developments, enhancing connectivity and quality of life

Gujarat Attracts $86 Billion Investments Ahead of Global Summit

• Preliminary deals worth 7.17 trillion INR signed with 58 companies
• NTPC and Torrent Power lead the charge in diverse sectors
• Strategic investments to boost Gujarat's appeal for foreign and domestic investors
• Timely move to bolster investment ahead of national elections
• Emphasis on sectors like energy, oil and gas, and chemicals for comprehensive growth

Economy News:

India's Growth Soars: Ind-Ra Raises FY’24 Forecast to 6.7%

• GDP estimate revised upward due to resilient economy and sustained government capex
• Anticipation of a new private corporate capex cycle contributes to the positive outlook
• The Reserve Bank of India projects an overall GDP of 7%, despite a sequential slowdown
• Factors include a deleveraged corporate/banking sector balance sheet
• Strong economic fundamentals provide a robust foundation for growth
• PMI Manufacturing Dips, But India's Sector Remains in Growth Mode

HSBC India PMI for manufacturing hits an 18-month low of 54.9 in December

• Despite the decline, the sector maintains expansion for 30 consecutive months
• Weaker rise in new orders and output attributed to the December slowdown
• Manufacturing sector continues to expand at a softer pace, maintaining growth momentum
• Resilience shown by the manufacturing sector amid global challenges

Banking News:

PNB Housing Finance's Ratings Soar: Upgraded to IND AA+

• India Ratings and Research upgrades PNBHF's NCDs to 'IND AA+' with a stable outlook
• PNBHF's diverse funding sources and focus on a granular mortgage portfolio contribute to the upgrade
• Improved profitability showcased by a return on assets of 2.2% in 1HFY24
• Focus on low-ticket, granular mortgage portfolio contributes to stability
• A testament to the financial stability and strategic focus of PNB Housing Finance

Business News:

Reliance Industries Achieves ISCC-Plus Certification Milestone

• RIL becomes the first in India to produce ISCC-Plus certified
•  chemically recycled polymers
• Jamnagar refinery ships inaugural batch of sustainable polymers named CircuRepol and CircuRelene
• Transparent traceability from field to store ensures sustainability commitment
• Companies with ISCC Plus certification commit to transparently traceable raw materials
• A groundbreaking step towards promoting sustainability in the petrochemical industry

Awards News:

Prof B R Kamboj Honored with M S Swaminathan Award

• Vice Chancellor of Chaudhary Charan Singh Haryana Agricultural University recognized for contributions
• Award acknowledges significant role as a scientist and extension specialist in agronomy
• Collaborative research work proves highly advantageous for farmers
• Kamboj's deep understanding of farmers' needs and conditions highlighted in the award
• Recognition reflects the commitment to agricultural excellence and advancements

Sports News:

Beatrice Chebet Shatters 5 Km World Record in Barcelona

• Kenyan athlete sets a new world record of 14:13 at Cursa dels Nassos
• Spectacular achievement concludes a remarkable year for Chebet
• Thrilling sprint against former record holder Ejegayehu Taye secures victory
• Chebet's exceptional performance sets a new benchmark for women's 5 km marathon
• Highlights the continuous evolution and excellence in long-distance running