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