Zimbabwe has launched a new currency called the ZiG (short for Zimbabwe Gold) in an attempt to address the country’s long-running currency crisis. The ZiG, backed by Zimbabwe’s gold reserves, was introduced electronically in early April and has now been released in banknote and coin form. Mistrust and Rejection Despite being the sixth currency since …
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The Uttarakhand government has suspended the manufacturing licenses of 14 products from Patanjali Ayurved, founded by Baba Ramdev, citing misleading advertisements about their efficacy. This move comes amid ongoing scrutiny and legal proceedings against Ramdev for non-compliance with directives to cease misleading advertising. Uttarakhand Government’s Action The drug regulator of Uttarakhand has suspended the manufacturing …
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The Reserve Bank of India (RBI) has revoked the license of Acemoney (India) Limited, a Delhi-based non-banking financial company (NBFC), citing irregular lending practices. This action stems from the company’s violation of RBI guidelines regarding excessive interest charges and inadequate protection of customer information. Specifically, the RBI noted discrepancies in Acemoney’s management of risks and …
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India has adjusted its windfall tax on petroleum crude, reducing it to 8,400 Indian rupees ($100.66) per metric ton from 9,600 rupees, effective May 1. This decision comes after a recent increase in the tax from 6,800 rupees to 9,600 rupees per metric ton on April 16. Key Points Windfall Tax Adjustment The windfall tax …
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India’s Bharat 6G Alliance is set to sign a cooperation agreement with Europe’s Industry Alliance 6G, following a similar agreement with the US. This partnership aims to foster collaboration in developing 6G technology. Agreement Signing Imminent The Bharat 6G Alliance and Industry Alliance 6G are poised to sign an agreement soon, with plans to finalize …
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India boasts a myriad of cities, each with its own unique identity. Some are known for their culinary delights, while others for their architecture or rich history. Among these, there are cities distinguished by special monikers that resonate globally. In this article, we delve into one such city in India known as the “City of …
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A report by the Global Trade Research Initiative (GTRI) highlights India’s escalating dependence on Chinese imports, with the import bill surging to over $101 billion in 2023-24 from around $70 billion in 2018-19. Over the past fifteen years, China’s share of India’s industrial goods imports has risen significantly, reaching 30%, while imports from China have …
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Gujarat Day, celebrated on May 1st, commemorates the formation of the vibrant state of Gujarat on May 1st, 1960. This annual occasion reflects Gujarat’s rich cultural heritage, resilience, and contributions to India’s cultural mosaic. With a history steeped in tradition and progress, Gujarat Day serves as a reminder of the state’s journey towards independence and …
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The 16th edition of the Tata Consultancy Services World 10K Bengaluru witnessed Kenyan runners Peter Mwaniki (28:15) and Lilian Kasait (30:56) emerging victorious in the international elite men’s and women’s categories, respectively. Mwaniki’s Master Stroke Mwaniki pulled away from his compatriot Hillary Chepkwony (28:33) at the 7.5 km mark, displaying a burst of speed that …
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Maharashtra Day, also known as Maharashtra Divas, is celebrated every year on May 1st to commemorate the formation of the state in 1960. Maharashtra was carved out of the Bombay Presidency and declared a separate state on this historic day. Present-day Gujarat constitutes the other part of the former Bombay state. The division was a …
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Welcome to the Current Affairs Section of Adda247. If you are preparing for Government Job Exams, then it is very important for you to read the Daily Current Affairs. All the important updates based on current affairs are included in this Daily Current Affairs 2024 article.
