Daily Current Affairs 09th July 2024, Important News Headlines (Daily GK Update)

National News

Government Mandates BIS Standards For Stainless Steel And Aluminium Utensils

The Government of India has made it mandatory that all stainless steel and aluminium utensils conform to the Bureau of Indian Standards (BIS). According to a press release from the Ministry of Consumer Affairs, Food and Public Distribution, this directive, effective from March 14, 2024, under the Quality Control Order issued by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, makes the ISI mark mandatory for these utensils.

International News

Rachel Reeves: Britain’s First Woman Finance Chief

Rachel Reeves has become Britain’s first female finance minister. 45-year-old Rachel is an economist and has pledged to boost the country’s economy. Rachel was appointed Chancellor on June 5 after the Labour Party led by Keir Starmer won a majority in the general election held on Thursday. Now she is in charge of Britain’s budget.

India Gears Up for Malabar Showdown with ‘Quad’ Allies Amid Rising China Tensions

India is set to host the prestigious Malabar naval exercise with the United States, Japan and Australia in the Bay of Bengal this October. The exercise comes amid rising regional tensions due to China’s aggressive actions in the South China Sea and its growing influence in the Indian Ocean Region (IOR). The 28th edition of the exercise will focus on advanced anti-submarine warfare and aims to enhance military interoperability among the four countries.

States News

Tata Power Launches ‘Ghar Ghar Solar’ Initiative in Uttar Pradesh

Tata Power Solar Systems Limited has launched the ‘Ghar Ghar Solar’ initiative in Uttar Pradesh, starting with Varanasi. It aims to provide clean energy to every household through rooftop solar power solutions. The initiative promises substantial financial savings and environmental benefits to residents.

Banking News

ICICI Lombard Introduces ‘Elevate’: Revolutionizing Health Insurance with AI

ICICI Lombard, a leading private general insurer in India, has launched ‘Elevate’, a pioneering health insurance product integrating AI technology. This innovative offering is designed to meet the diverse needs of modern lifestyles and unexpected medical emergencies, with an emphasis on personalised solutions and comprehensive coverage.

RBI Launches Quarterly Manufacturing Survey for Q2 2024

The Reserve Bank of India (RBI) has introduced its quarterly “Order Book, Inventory and Capacity Utilisation Survey” (OBICUS) for the manufacturing sector, aimed at informing monetary policy decisions. Since 2008, this survey has provided important insights into key metrics such as new orders, inventory levels and capacity utilisation in manufacturing companies.

SEBI Issues New Guidelines to Enhance Credit Rating Agency Operations

Market regulator Sebi has issued new guidelines for credit rating agencies to streamline operations and improve ease of doing business. The circular introduces specific timelines for dealing with appeals made by companies regarding rating actions taken during the periodic monitoring of ratings.

Agreements News

ICAI and MeitY Collaborate on AI Audit Tool for Corporate India

The Institute of Chartered Accountants of India (ICAI) has initiated talks with the Ministry of Electronics and Information Technology (MeitY) to develop an AI audit tool aimed at monitoring corporate India and detecting fraud. ICAI President Ranjit Kumar Agarwal has confirmed that a proposal has been sent to MeitY Secretary Krishnan.

Ranks and Reports News

India Ranks Fifth in GenAI Innovations, China Leads

India ranks fifth in generative AI (GenAI) innovations, behind China, the US, the Republic of Korea, and Japan. Despite India’s position, the country has shown the highest annual growth rate in GenAI patent publications, which has significant potential for economic impact.

RBI Report: India’s Employment Growth at 6% in FY24 vs 3.2% in FY23

According to the Reserve Bank of India (RBI), India’s employment growth provisionally increased to 6% in FY24, from 3.2% in FY23. This increase took total employment to 643.3 million, up from 596.7 million in the previous year, with 46.7 million jobs created.

Awards News

Maharashtra Wins Best Agriculture State Award for 2024

The 15th Agriculture Leadership Awards Committee has announced that Maharashtra has won the Best Agriculture State Award for 2024. The announcement was made by the committee headed by Justice P Sathasivam, former Chief Justice of India and Governor of Kerala.

HCLTech’s Roshni Nadar Malhotra Receives France’s Highest Civilian Honour

Roshni Nadar Malhotra, chairperson of IT services company HCLTech, has been awarded France’s highest civilian honour “Chevalier de la Légion d’Honneur” (Knight of the Legion of Honour).

Tamil writer Sivashankari selected for Dr. C. Narayana Reddy National Literary Award

Renowned Tamil literature writer Sivasankari has been selected for the highly prestigious Dr. C. Narayana Reddy National Literary Award. This prestigious award recognises her immense contribution to the rich fabric of Tamil literary culture and her role in shaping contemporary Indian literature.

Dr. Arpit Chopra Receives Prestigious Excellence Award for Pioneering Work in Homeopathy

In a significant recognition for his contribution to alternative medicine, Dr. Arpit Chopra, a reputed homeopathic physician, was honoured with the Excellence Award at the NDTV MSMES (Micro, Small and Medium Enterprises) Summit held in Bhopal, Madhya Pradesh. Several high-ranking state officials and industry leaders were present at the award ceremony held at the Marriot Hotel.

PM Modi To Receive Russia’s Highest Civilian Honour For “Outstanding Service”

Prime Minister Narendra Modi was awarded the Order of St. Andrew the Apostle the First-Called at the St. Catherine Hall of the Moscow Kremlin in the year 2019. The order was awarded to the Prime Minister of India for his distinguished contribution to the development of special strategic partnership between Russia and India and friendly relations between the two countries.

Sports News

Indian Squash Players Triumph at Asian Squash Doubles Championship 2024

Indian squash players won two titles at the recently concluded Asian Squash Doubles Championship 2024 at Arena Emas, Johor, Malaysia. The Indian team won both the men’s doubles and mixed doubles categories.

Daily Current Affairs 08th July 2024, Important News Headlines (Daily GK Update)

Daily Current Affairs 08th July 2024 : Read the most important Current Affairs of 08 July, 2024 to stay informed about the latest national and international news, important developments and major events. Daily News and Important Editorials. We cover daily news by picking the most relevant topics from a variety of newspapers like The Hindu, Livemint, The Indian Express etc. as well as a variety of national and international news websites like PIB, CNN etc.