Daily Current Affairs 5 April 2024, WBPSC Exam Current Affairs

Daily Current Affairs for WBPSC Exam

Economy

India’s first privately managed Strategic Petroleum Reserve (SPR) by 2030

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India's Current SPR Infrastructure

• Visakhapatnam
• Mangalore
• Padur

• Padur, Karnataka

• Capacity: 18.3 million barrels

• Odisha

• Capacity: 29.3 million barrels

• Additional Investment
• Expertise
• Operational Efficiency
• Financial Sharing
• Strategic Flexibility

22 New Products Added to Geographical Indication (GI) Registry

• The Geographical Indication (GI) registry serves as a guardian of products imbued with unique attributes, qualities, or heritage tied to their geographical origin.
• Established under the Geographical Indications of Goods (Registration and Protection) Act, 1999, it bestows legal protection, ensuring the exclusivity of registered names.
• The GI tag not only preserves cultural legacies but also fosters economic prosperity while guaranteeing consumers authenticity and superior quality.

Combating Illegal Lending Apps

• Verification of Digital Lending Apps: DIGITA will conduct thorough vetting of digital lending apps to ensure adherence to RBI regulations and guidelines. This verification process will serve as a pivotal mechanism to uphold compliance standards within the digital lending landscape.
• Maintenance of a Public Register of Verified Apps: The agency will establish and maintain a publicly accessible register comprising verified digital lending apps. This register will facilitate consumers in discerning legitimate platforms, thereby mitigating the risks associated with unauthorized or fraudulent apps.
• Combatting Financial Crimes: DIGITA will play a crucial role in combating financial crimes by designating apps lacking the verified mark as unauthorized for law enforcement purposes. This proactive measure will significantly bolster efforts to curb illicit activities within the digital domain.

Sports News

The Hockey India Awards 2023

• Mens Player of the Year: Hardik Singh, the vice-captain of the Indian men's team, clinched the prestigious Player of the Year title. His remarkable contributions included being part of the bronze medal-winning squad at the Tokyo 2023 Olympics and the gold medal-winning team at the Asian Games 2023.
• Womens Player of the Year: Salima Tete, an Olympian, earned the title of Player of the Year for her pivotal role in the Indian women's team, securing the bronze medal at the Asian Games in Hangzhou in the previous year.

• Hockey India Lifetime Achievement Award: Ashok Kumar, a Munich 1972 Olympic bronze medallist, received the esteemed Hockey India Lifetime Achievement Award. This recognition, named after his father Dhyan Chand, celebrated his significant contributions to the sport.
• Defender of the Year: Harmanpreet Singh was bestowed with the Hockey India Pargat Singh Award for Defender of the Year, recognizing his exceptional defensive skills and contributions to the team.
• Goalkeeper of the Year: PR Sreejesh was honored with the distinguished Hockey India Baljit Singh Award for Goalkeeper of the Year, acknowledging his outstanding performance between the posts.

Important Days/ Dates

Utkal Divas

• Odisha, the first Indian state to be established on a linguistic basis, came into existence on April 1, 1936, during the British Era. This marked a significant milestone in India's linguistic reorganization.
• Every year on April 1st, Odisha Day, also known as Utkala Dibasa, is celebrated to honor the formation of the state.

• The establishment of Odisha paved the way for other states to be formed on linguistic grounds post-independence. Notably, Andhra State (1953), Karnataka (1956), and Gujarat (1960) followed suit.
• In a move reflecting cultural and linguistic identity, the state was officially renamed Odisha, and the language became Odia in 2011. This renaming was formalized through the Orissa (Alteration of Name) Act, 2010, and the Constitution (Ninety-sixth Amendment) Act, 2011, passed in the Parliament of India.

Art & Architecture

Ahobilam Sri Narasimha Swamy temple

• These are Jwala Narasimha, Ahobila Narasimha, Malola Narasimha, Kroda Narasimha, Karanja Narasimha, Bhargava Narasimha, Yogananda Narasimha, Kshatravata Narasimha and Pavana or holy Narasimha.

International News

Romania and Bulgaria's Partial Accession to the Schengen Area

• Romania and Bulgaria became EU members in 2007, followed by Croatia in 2013.
• Established in 1985, the Schengen Area initially comprised 23 of the 27 EU member countries, along with Switzerland, Norway, Iceland, and Liechtenstein.

• The Schengen Area encompasses a population of over 420 million people and spans an area of 4,312,099 square kilometers (1,664,911 square miles).
• The Schengen Agreement was signed on June 14, 1985, by five of the ten member states of the then European Economic Community (EEC) near the town of Schengen in Luxembourg.
• Functioning as a single jurisdiction for international travel, the Schengen Area has external border controls for travelers entering and exiting the area, along with common visas, but without internal border controls.

Report & Indices in News

India Employment Report 2024

• The India Employment Report 2024, the third iteration of a collaboration between the Institute for Human Development and the International Labour Organization (ILO), offers insights into the evolving dynamics of India's employment landscape.
• This report delves into the challenges faced in youth employment against the backdrop of shifts in economic, labour market, educational, and skills paradigms spanning the last two decades.