Page-23 of Current Affairs - January, 2024

Hindenburg Research – Adani Group Row

January 3, 2024

In January 2023, US-based short seller Hindenburg Research published a report alleging several improper dealings by Indian conglomerate Adani Group headed by Gautam Adani. The report accused the group of stock manipulation, use of offshore shell companies, and raising debt ..

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RBI Proposes Higher 50% Dividend Payout Ratio for Healthy Banks

January 3, 2024

The Reserve Bank of India has released draft norms allowing banks with strong financial metrics to increase dividend payouts to shareholders up to 50% of profits, from the earlier 40% ceiling. Key Highlights Banks must have net non-performing asset ratio ..

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India Joins Square Kilometre Array Observatory (SKAO)

January 3, 2024

India has formally signed up for the Square Kilometre Array Observatory (SKAO) – an ambitious multinational initiative to build the world’s largest radio telescope spanning over a square kilometer. What is the SKAO? The SKAO is not one instrument but ..

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Three New-to-Science Frogs Discovered in Arunachal Pradesh

January 3, 2024

Scientists have reported three new frog species belonging to new genera from Arunachal Pradesh’s Namdapha-Kamlang protected area network along the Myanmar border. The finds highlight the significance of exploring unique habitats. Key Discovery Details The new frog species discovered are: ..

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India, UAE Launch Maiden Military Exercise ‘Desert Cyclone’

January 3, 2024

The Indian and UAE armies have commenced their first-ever joint military training exercise called ‘Desert Cyclone’ in Rajasthan on January 2. The drills aim to enhance counter-insurgency capabilities in desert terrain. Scale and Scope Over 45 troops each from India’s ..

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India Forms 16th Finance Commission Under Economist Arvind Panagariya

January 2, 2024

The Indian government has formed the 16th Finance Commission to review fiscal distribution between the Union and States for 5 years from 2026. Dr Arvind Panagariya, former NITI Aayog Vice Chairman, will helm the panel. Constitutional Mandate Under Article 280(1) ..

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NEHHDC Establishes Ashtlaxmi Haat for Northeast Arts and Crafts

January 2, 2024

The North Eastern Handicrafts and Handlooms Development Corporation (NEHHDC) is setting up a dedicated marketplace and residency in Guwahati to boost incomes for regional artisans. Introducing Ashtlaxmi Haat Named after Ashtalaxmi, the eight Hindu goddesses of wealth, the ₹7.6 crore ..

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NEDFi Sanctions Over ₹750 Crores for 5,300 Northeast Projects

January 2, 2024

North Eastern Development Finance Corporation (NEDFi) has provided funding of ₹766 crore to around 5,338 enterprises across sectors in northeast India between January-November 2023. Overall Role NEDFi facilitates industrial and services projects in the Northeast by offering financial assistance and ..

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