02 February 2024 Current Affairs English
02 February 2024 Current Affairs English
2024
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                                                                       02 Feb.
                                                                        2024
 According      to    customs     data       Trade      Representative      (USTR)
  compiled by CAAM, Belgium,                  released its annual Notorious
  Thailand and the UK were the top            Markets List.
  three NEV export destinations,             There are three physical Indian
  while Russia and Spain were among           markets: Heera Panna in Mumbai,
  the top 10 destinations for China's         Tank Road in Karol Bagh in New
  auto exports. China aims to                 Delhi and Sadar Patrappa Road
  increase the proportion of NEVs in          Market in Bengaluru. Online Indian
  new car registrations to 45% by             marketplaces included in the list
  2027.                                       include IndiaMart, Vegamovies and
 The total export value of China's           WHMCS Smarters.
  new tech-intensive green trio –            The list of 'notorious' marketplaces
  solar      batteries,     lithium-ion       has identified 39 online and 33
  batteries and electric vehicles – is        physical marketplaces engaged in
  set to rise 29.9 percent to 1.06            trademark       counterfeiting      or
  trillion yuan in 2023                       copyright theft. According to the
                                              list, China remains the top source
                                              of counterfeit products globally. 60
      2. USA includes six Indian
                                              percent of the seized goods come
         markets in the list of
                                              from there.
          notorious markets
                                             There are seven markets in China
                                              that      are       notorious      for
                                              manufacturing, distributing and
                                              selling counterfeit goods.
                                             It also houses Chinese e-commerce
                                              and social commerce marketplaces
                                              Taobao, WeChat, DHGate and
                                              Pinduoduo, as well as cloud storage
                                              service Baidu Wangpan.
                                             The movement of people in
 The United States has included 6            physical markets has increased
  Indian markets in the list of               after COVID-r19, due to which the
  'notorious' markets. This list              sale of counterfeit goods has
  includes three offline (physical)           increased      again.    US     Trade
  and three online (virtual) markets          Representative       Katherine     Tai
  in India. On January 30, 2024, the US       emphasizes the economic harm
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                                                                          2024
 The main objective of establishing           is available for the conservation of
  the Human DNA Bank is to collect             endangered species.
  about 50 thousand samples from
  different castes and tribes. This will
                                                   4. Finance Minister Nirmala
  take at least five years. In the next
                                                    Sitharaman presented the
  step, DNA data can also be made
                                                 interim budget for the financial
  available from these samples.                   year 2024-25 in the Lok Sabha.
 Identification of the person in
  specific cases will become easier on
  the basis of the database obtained
  from the Human Genome Project.
  The suspected criminal can be
  caught on the basis of his DNA.
 So far, genes for thirty diseases
  have been detected through
  genome sequencing. Prominent
  among      these     are    Tar-Sachs
                                              Finance       Minister     Nirmala
  syndrome,         cystic       fibrosis,
                                               Sitharaman presented the interim
  Harrington's disease etc. Pre-
                                               budget for the financial year 2024-
  assessment of genetic diseases,
                                               25 in the Lok Sabha on 1 February
  disease screening, gene therapy
                                               2024.    Presenting    the  interim
  methods and drug control methods
                                               budget for the second term of the
  will also be available.
                                               Modi government, he said that the
 DNA for Wildlife
                                               Indian economy has witnessed
 The construction of the first DNA
                                               positive changes in the last ten
  bank for wildlife in North India is
                                               years and the people of the country
  nearing completion. Scientists of
                                               are looking towards the future with
  the Indian Veterinary Research
                                               hope and confidence.
  Institute    (IVRI),    Bareilly    are
                                              The targets of housing for all,
  creating a bank in which DNA
                                               water for every house, electricity
  samples of all wild animals will be
                                               for all, cooking gas for all, bank
  collected.
                                               accounts and financial services
 At present Lacson's Laboratory in
                                               were achieved in record time.
  Hyderabad is the only place in the
                                              The main points of the budget are
  country where this type of facility
                                               as follows:
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                                                                      02 Feb.
                                                                       2024
    Outstanding direct tax demands up        The presumptive taxation limit for
    to Rs 10000 for financial years 2010-     professionals was increased from
    11 to 2014-15 were withdrawn,             Rs 50 lakh to Rs 75 lakh. Corporate
    benefiting one crore taxpayers.           income tax for existing domestic
   Tax benefits on investments made          companies reduced from 30% to
    by start-ups, sovereign wealth            22%. The corporate income tax rate
    funds or pension funds extended           for new manufacturing companies
    till 31.03.2025. Tax exemption on         is 15%.
    certain income of IFSC units             Achievements in Tax Payer Services
    extended by one year from                The average processing time of tax
    31.03.2024 to 31.03.2025.                 returns has reduced from 93 days
   Indirect tax                              in 2013-14 to 10 days, with faceless
   The Finance Minister has proposed         assessment and appeals introduced
    to maintain the same tax rates for        for greater efficiency. The updated
    indirect taxes and import duties.         income tax return is for new Form
    GST unified the highly fragmented         26AS and simplified return filing.
    indirect tax system in India.            Investment
   Average      monthly     gross   GST     FDI inflows of US$596 billion during
    collection doubles to Rs 1.66 lakh        2014–23 were double the inflows
    crore this year                           during 2005–14.
   The GST tax base has doubled.            Reforms in states for 'developed
   State     SGST    revenue     growth      India'
    (including compensation released         A provision of Rs 75,000 crore is
    to states) increased to 1.22 in the       proposed as a fifty-year interest-
    post-GST period (2017-18 to 2022-23)      free loan to support the milestone
    from 0.72 in the pre-GST period           reforms by state governments.
    (2012-13 to 2015-16).                    Social justice
   94% of industry leaders consider         The Prime Minister will focus on
    the changes in GST largely positive.      the upliftment of four major castes,
   There is no tax liability on income       i.e. 'Garib' (poor), 'Mahilaein'
    increasing from Rs 2.2 lakh to Rs 7       (women), 'Yuva' (youth) and
    lakh in the financial year 2013-14.       'Annadata' (farmers). The slogan
    Presumptive taxation limit for            'Welfare of the poor, welfare of the
    retail businesses increased from Rs       country' was given.
    2 crore to Rs 3 crore                    PM-SVANidhi        provided     loan
                                              assistance to 78 lakh street
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                                                                          2024
    vendors. 2.3 lakh have got credit           achieved soon. Two crore more
    for the third time. PM-Janman               houses will be built in the next five
    Scheme      to    assist   in    the        years.
    development       of     Particularly      Rooftop solarization and free
    Vulnerable Tribal Groups (PVTGs).           electricity
   PM-Vishwakarma Yojana provides             Through rooftop solarization, 1
    end-to-end support to artisans and          crore families will get 300 units of
    craftsmen      engaged      in    18        free electricity every month. Each
    professions.                                family is expected to save Rs 15000
    'Annadata' Ka Kalyan                       to 18000 annually.
   PM-Kisan Samman Yojana provided            Ayushman Bharat
    financial assistance to 11.8 crore         Health care cover under the
    farmers.                                    Ayushman Bharat scheme will be
   Under PM Crop Insurance Scheme,             extended to all Asha workers,
    crop insurance is given to 4 crore          Anganwadi workers and helpers.
    farmers.                                   Agriculture and Food Processing
   The Electronic National Agriculture        Pradhan Mantri Kisan Sampada
    Market (e-NAM) integrates 1361              Yojana has benefited 38 lakh
    mandis, serving 1.8 crore farmers           farmers and created 10 lakh jobs.
    with a trade volume of Rs.                  Pradhan      Mantri    Micro    Food
   Inspiration for woman power                 Processing                Enterprises
   Mudra Yojana loan of Rs 30 crore            Formalization Scheme has provided
    was       given      to      women          assistance with credit linkage to 2.4
    entrepreneurs. Female enrollment            lakh SHGs and 60000 individuals.
    in higher education increased by           Research     and     innovation    to
    28%. Girls and women account for            catalyze growth, employment and
    43% of enrollment in STEM courses,          development
    one of the highest in the world.           A fund of Rs 1 lakh crore will be set
   Under PM Awas Yojana, more than             up with fifty-year interest-free
    70% houses were given to women              loans     to    provide    long-term
    from rural areas.                           financing or refinancing with long
   PM Awas Yojana (Rural)                      tenures and low or zero interest
   Despite Covid challenges, the               rates.
    target of three crore houses under         A new scheme will be launched to
    PM Awas Yojana (Rural) will be              strengthen deep-tech technologies
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                                                                       02 Feb.
                                                                        2024
    for     defense       purposes    and      gas (PNG) for domestic purposes
    accelerate 'self-reliance'.                will be mandated.
   Basic infrastructure                      Tourism sector
   Capital expenditure outlay for            States will be encouraged to
    infrastructure development and             comprehensively develop iconic
    employment generation will be              tourism    destinations   including
    increased by 11.1 per cent to Rs           their branding and marketing at
    11,11,111 crore, which will be 3.4         the global level. Framework for
    per cent of GDP.                           rating tourist centers based on the
   Railway                                    quality of facilities and services
   3 key economic railway corridor            provided.
    programs have been identified             Long term interest free loans will
    under PM Gati Shakti to improve            be provided to the States on an
    logistics efficiency and reduce costs      equitable basis to finance such
    – energy, mineral and cement               development.
    corridors,       port     connectivity
    corridors and high traffic density
                                               5. Odisha received the award for
    corridors. Forty thousand general
                                                  the best tableau in the state
    railway coaches will be converted
                                                 category in the 75th Republic
    as per Vande Bharat standards.
                                                       Day Parade 2024.
   Aviation sector
   The number of airports in the
    country doubled to 149. Five
    hundred and seventeen new routes
    carrying 1.3 crore passengers.
    Indian aviation companies have
    ordered more than 1000 new
    aircraft.
   Green energy
   100 MT coal gasification and
    liquefaction      capacity   will   be    Minister of State for Defense Ajay
    installed by 2030.                         Bhatt presented the awards for the
   Phased blending of compressed              best marching contingent and
    natural        gas      (CNG)      for     tableau on 30 January 2024. Awards
    transportation and piped natural           for the best tableaux in both the
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                                                                    02 Feb.
                                                                     2024
                                            January 19 to 31. Tamil Nadu hosted
    6. Maharashtra state tops the
                                            KIYG 2024 in four cities – Chennai,
      medal table of Khelo India
                                            Madurai, Trichy and Coimbatore.
         Youth Games-2023
                                           Squash made its debut at KIYG this
                                            year, while Silambam, a form of
                                            indigenous martial arts, featured
                                            as a demonstration sport. Its
                                            mascot is Veera Mangai, Queen
                                            Velu Nachiyar, fondly called Veera
                                            Mangai. Additionally, the games
                                            logo also features the figure of
 The sixth edition of Khelo India          poet Thiruvalluvar.
  Youth Games concluded on 31              Host Tamil Nadu had the largest
  January 2024 in Chennai, Tamil            contingent with 559 athletes, while
  Nadu. Maharashtra topped these            defending champions Maharashtra
  games for the fourth time with a          were fielding 415 players. Two-time
  total of 158 medals. These include        champions     Haryana     had    491
  57 gold, 48 silver and 53 bronze          athletes competing in the event.
  medals.                                  Khelo India Youth Games
 Host Tamil Nadu finished second          The last 5 editions of the Youth
  with a total of 97 medals including       Games have been held in Delhi,
  38 gold, 20 silver and 39 bronze          Pune, Guwahati, Panchkula and
  while Haryana finished third with         Bhopal. It is conducted in two
  35 gold, 22 silver and 46 bronze.         categories, namely school students
 Telangana swimmer Vriti Agarwal,          under 17 years of age and college
  who represented India at the Asian        students under 21 years of age.
  Games last year, was among the           Maharashtra had also won the
  top performers at KIYG 2024. The          previous edition of KIYG held in
  17-year-old swimmer won five              Bhopal, Madhya Pradesh with a
  individual gold medals by claiming        total medal count of 161 – 56 gold,
  top positions in the women's              55 silver and 50 bronze. Except
  butterfly and freestyle. Events in        Maharashtra and Haryana, no
  200m, 800m, 400m and 1500m.               other team has won the KIYG title
 Over 5,600 athletes from across the       till date.
  country participated in the Khelo
  India Youth Games 2024 from
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                                                                     2024
 A Center of Excellence in the field     On the eve of the 75th Republic Day
  of   Artificial Intelligence    and      celebrations on 26 January 2024,
  Augmented Reality/Virtual Reality        President      Draupadi       Murmu
  is being set up by IIT Delhi at the      approved        the       President's
  Sant Shiromani Ravidas Global Skill      Tatrakshak Medal and Tatrakshak
  Park established by the state in         Medal to some selection awardees
  Bhopal.                                  of the Indian Coast Guard.
 It has been decided to appoint IIT      These medals are being awarded to
  Delhi as the technical advisor in        personnel who have played an
  place of ITE, Singapore for the          important     role     in   securing
  course to be conducted at Sant           maritime borders and responding
  Shiromani Ravidas Global Skill Park.     to emergencies at sea.
                                          The Indian Coast Guard was
                                           established on February 1, 1977 to
        8. Indian Coast Guard
                                           prevent sea-borne smuggling of
     celebrated 48th Raising Day
                                           goods that hampers the economy.
             on 1 February
                                           On 18 August 1978, Parliament
                                           declared that Indian Coast Guard
                                           (ICG) Day would be celebrated on 1
                                           February.
                                          The Coast Guard's responsibilities
                                           include offshore security, maritime
                                           security and coastal security as
                                           well as protection of India's
                                           Exclusive Economic Zone (EEZ).
                                           There is close cooperation between
 Indian Coast Guard (ICG) has
                                           the Indian Navy, Department of
  celebrated its 48th Raising Day on
                                           Revenue (Customs), Department of
  February 01, 2024. The purpose of
                                           Fisheries, Central Armed Police
  this   day   is   to   honor   the
                                           Forces and State Police Services
  contribution of the Coast Guard.
                                           along with the Coast Guard.
  Indian   Coast    Guard    Day   is
                                          There are nine states along the
  dedicated to the officers and
                                           Indian coastline spanning Gujarat,
  personnel who look after maritime
                                           Maharashtra,      Goa,    Karnataka,
  security
                                           Tamil    Nadu,     Kerala,    Andhra
                                           Pradesh, Odisha and West Bengal,
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                                                                      2024
                                             Adelaide Meat were given to
     10. Vishnu Saravanan gave
                                             Guatemala, Montenegro, Chile,
       India the first Olympic
                                             Denmark, Turkey and Sweden.
           quota in sailing
                                            The National Olympic Committees
                                             (NOC) have special rights for
                                             representation of their respective
                                             countries at the Olympic Games,
                                             the participation of athletes in
                                             Paris Games depends on the NOC
                                             choosing them to represent their
                                             delegation in Paris 2024.
                                            The race in Adelaide was held from
                                             26 to 31 January, which was
                                             attended by a total of 152 ILCA7
                                             category of Australia (small single-
                                             handed) sailors. India's Mohit Saini
 Tokyo Olympian Vishnu Saravanan            finished 136th in total with 329 net
  obtained India's first quota in            points.
  sailing for the Paris 2024 Olympics       The current Olympic champion
  in the ILCA 7 Men's World                  Australia's Matthew Vern won the
  Championships 2024 in Australia on         title with 24.0 net points. Tokyo
  31 January 2024.                           Olympic bronze medalist Norway's
 While competing with a person at           Harman Tomsgard finished second
  the     Adelaide     Selling   Club,       with 34.0 while Great Britain's
  Saravanan scored 125 pure points           Michael Backet finished third with
  in six days for 26th place on the          41.0. Sailing improves less marks.
  overall leaderboard. However, he          Vishnu Saravanan also represented
  was fifth among the sailors eligible       India in Tokyo 2020, where he
  to secure quota for Paris 2024             finished 20th in the area of 35. The
  Olympics.                                  sailing program will be held from
 The     ILCA    7    Men's    World        28 July to 8 August in Paris 2024.
  Championship      served     as    a       Last year, 24 -year -old Saravanan
  qualifying event for Paris 2024,           won a bronze medal at the Asian
  including seven quota for countries        Games in Hangzo in the same
  that did not qualify for the first         sailing category.
  Olympics. The other six Kota in
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                                                                        2024
[1] Who has become the world's top          [6] Who has won the most medals in
    vehicle exporter by overtaking               the recent Khelo India Youth
    Japan in the year 2023?                      Games-2023?
    (a) USA                                      (a) Haryana
    (b) China                                    (b) Tamil Nadu
    (c) Britain                                  (c) Maharashtra
    (d) Germany                                  (d) Rajasthan
[2] Recently USA has included which         [7] Where will the country's first IIT
    physical Indian market in its list of        satellite campus be developed?
    notorious markets?                           (a) Chandigarh
    (a) Heera Panna in Mumbai                    (b) Shimla
    (b) Tank Road in Karol Bagh in               (c) Shillong
       New Delhi                                 (d) Ujjain
    (c) Sadar Patarappa Road Market         [8] When is Indian Coast Guard
       in Bengaluru                              Raising Day celebrated every year?
    (d) All of the above                         (a) 1 February
[3] Where will North India's first               (b) 2 February
    human DNA bank be established?               (c) 3 February
    (a) BHU          (b) AMU                     (d) 4 February
    (c) DU           (d) IIT Kanpur         [9] Recently, which payments bank
[4] According to the interim budget              has been banned by the Reserve
    for the financial year 2024-25, what         Bank of India for 'persistent non-
    will be the percentage of fiscal             compliance'?
    deficit in the year 2023-24?                 (a) Paytm Payments Bank
    (a) 3.8 percent                              (b) Airtel Payments Bank
    (b) 4.8 percent                              (c) India Post Payments Bank
    (c) 5.8 percent                              (d) Fino Payments Bank
    (d) 6.8 percent                         [10] Recently Vishnu Saravanan has
[5] Who has received the Best Tableau            achieved the first Olympic quota
    Award in the State Category in the           for India in which game?
    75th Republic Day Parade 2024?               (a) Swimming
    (a) Gujarat                                  (b) Shooting
    (b) Uttar Pradesh                            (c) Sailing
    (c) Tamil Nadu                               (d) Weight
    (d) Odisha
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