07th May Daily Current Affairs 2024: Daily GK Update for all exams

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Here 07 May, 2024 Headlining events such as: Paytm Leadership, RBI Report, Thomas & Uber Cup 2024, International Newspaper Design Competition, Air Marshal Nagesh Kapoor, India’s First Indigenous Bomber UAV, AFC U-23 Asian Cup to become familiar with etc. Daily GK updates is given After reading about these events, you can current affairs quiz can also practice

Banking Awareness and Static Awareness questions asked in General Awareness section are mainly based on current affairs. So you need to prepare this section well to score good marks.General Awareness section plays an important role in scoring more than the cut off marks in any competitive exam.

Top 18 Daily GK Updates: National & International News

Below are given top 18 important Daily General Knowledge 2023 updates with national and international news.


RBI changes investment rules of custodian banks for T+1 settlement

In response to the introduction of T+1 settlement regime for shares, the Reserve Bank of India (RBI) has updated the guidelines for custodian banks regarding issuance of Irrevocable Payment Commitments (IPCs). Under these revised guidelines, custodian banks issuing IPCs will be subject to maximum intraday exposure, to be treated as capital market exposure (CME), capped at 30 per cent of the settlement amount.

The 30 per cent risk limit is calculated based on the assumption of a 20 per cent decline in the equity price at T+1, with an additional 10 per cent margin for further decline in the price.

Sanjeev Nautiyal becomes MD and CEO of Ujjivan SFB


India-Nigeria Trade: Local Currency Settlement System Agreement agreed

India and Nigeria To increase mutual tradeAgreed to finalize the Monetary Settlement System Agreement Are done. Agreement to be settled in Indian Rupees and Nigerian Naira India-Nigeria Joint Trade Committee in Abuja Discussed during the second session of

India and Nigeria have strong political and economic relations, dating back to the establishment of a diplomatic corps by India in Lagos in 1958. Notable journeys Prime Minister Nehru's visit in 1962 Is included. Nigeria is India's second largest trading partner in Africa, with bilateral trade set to reach US$11.8 billion in 2022-23.

Ukraine unveils AI-powered digital spokesperson for foreign ministry

In an unprecedented move combining cutting-edge technology with diplomacy, Ukraine has unveiled an AI-generated spokesperson named Victoria Xi to deliver official statements from its Foreign Ministry. This significant technological leap in diplomatic communications has attracted global attention.

During a social media presentation, Victoria Xi made her debut, appearing wearing a dark suit and displaying human-like gestures and speech. Despite their AI-powered presence, the Ukrainian Foreign Ministry has assured that the content of Xi's statements will be prepared and verified by human staff, ensuring accuracy and reliability.

Jose Raul Mulino wins Panama's presidential election

In an important political development, jose raul Mulino has emerged victorious in Panama's presidential election, 92% With more than approximately 35% The counted votes have been obtained. The 64-year-old former security minister has gained an unassailable lead of 9% over his nearest rival, forcing defeat from his three nearest rivals.

Initially, Mulino was named after former President Riccardo Martinelli By Vice President Was selected as the candidate of the United States, the first presidential candidate. However, after Martinelli was convicted of money laundering and subsequently sentenced to 10 years in prison, he fled and sought political asylum at the Nicaraguan embassy in the capital. Mulino stepped in to replace Martinelli as presidential candidate, therebyCheeving Goals And alliance parties Got support.


RBI reduced margin funding limit from 50% to 30%

T+2 to T+1 for select equities offered by stock exchanges And T+0 Following the reduction in trade settlement time by 2018, the Reserve Bank of India (RBI) has reduced the maximum exposure for custodian banks issuing Irrevocable Payment Commitments (IPCs) from 50% to 30%. This decision will be taken by foreign institutional investors in two consecutive days from the trading date. Investors/Mutual Funds It is based on the assumption of potential downward price movement of the equity purchased by.

The RBI decision is the result of a review of the risk mitigation measures that were originally set out in the December 2011 circular, which were based on T+2 rolling settlement for equities. With the introduction of T+1 rolling settlement by the stock exchanges, the guidelines for issuance of IPC have been reevaluated.

Country's GDP to grow at 7.1 percent pace in FY 2025: India Ratings

India Ratings and Research (Ind-Ra) has raised its forecast for India's GDP. According to India Ratings, the country's GDP will grow at a pace of 7.1 percent in fiscal year 2025. This estimate of India Ratings is higher than that of the Reserve Bank of India (RBI). RBI had estimated the GDP to grow at a pace of 7 percent. The ratings agency said that this fast pace of the economy will be maintained with the help of government and private investment.

India Ratings in its previous report had estimated Indian GDP to grow at the rate of 6.5 percent. This time he has increased it significantly. Recent reports have said that despite positive signs, fluctuating domestic consumption figures and problems faced by the export sector may create some problems. Inflation and the ongoing economic and political crisis in the world also remain challenges for the export sector. The agency's assessment indicates a higher growth than RBI's for the first and fourth quarters of FY2025. But, it is less for the second and third quarter.


GetVantage receives NBFC license from RBI

GetVantage, one of India's leading alternative-finance fintech platforms, has announced that it has Reserve Bank of India (RBI) Has obtained Non-Banking Finance Company (NBFC) license from. This is the country's first and only Revenue-Based Finance And has become an alternative funding platform, which has got this license. GetVantage's NBFC arm GetGrowth Capital will provide loans.

Its NBFC branch under Getvantage, GetGrowth Capital, It is set to raise debt financing of ₹200 crore to expand its financial operations. Focusing on sectors such as cleantech, D2C, EV, infrastructure, ecommerce, and SaaS, GetGrowth Capital aims to support over 1,000 emerging SMEs across India.


Real Madrid won La Liga title for the 36th time

Real Madrid has won the La Liga title for a record 36th time by defeating Cadiz 3-0. After this win, Madrid has 87 points and still have four games left. They are 13 points ahead of second-placed Verona in the points table. Brahim Diaz, Jude Bellingham and Joselu scored one goal each for Madrid.

Brahim Diaz, Jude Bellingham and Joselu scored for Real Madrid in the match against Cadiz. La Liga is the top domestic men's professional football tournament in Spain. Madrid won the La Liga title for the 36th time, improving its record. With this victory, the team of Verona has overtaken Barcelona and reached second place with 74 points in 34 matches. Barcelona is in third place with 73 points.

ICC Women's T20 World Cup 2024: Bangladesh ready for cricket's Mahakumbh

The International Cricket Council (ICC) has unveiled the schedule for the much-awaited ninth ICC Women's T20 World Cup 2024 to be held from October 3 to 20 in Bangladesh. Cricket lovers around the world are eagerly waiting for this prestigious tournament.

The T20 World Cup 2024 will see ten teams compete in 23 matches over 18 days. The matches will be held at two venues in Bangladesh: Shere Bangla National Cricket Stadium in Dhaka and Sylhet International Cricket Stadium in Sylhet, providing fans the opportunity to watch the best in women's cricket.

Madrid Open 2024: Iga Swiatek and Andrey Rublev win brilliantly

The 2024 Madrid Open, held in the Spanish capital from April 22 to May 5, saw two notable champions in the singles events. from poland Inga Swiatek won her first Madrid Open title, while Russia andrey rublev achieved his second victory in this prestigious tournament.

World No. 1 Iga Swiatek made her first wta 1000 Madrid Open singles titles Got my name recorded in the history books. In a thrilling final, they defeated Belarus aryna sabalenka 7-5, 4-6, 7-6 (9/7). The victory marked Swiatek's 20th career title and her ninth title at the WTA 1000 level.

important day

World Asthma Day 2024: History and significance

World Asthma Day is celebrated every year on the first Tuesday of the month of May. This year this day is falling on 7 May 2024. The main objective of this day is to spread awareness about asthma disease, educate patients and empower them to live a better life with this respiratory disease.

According to the report of the World Health Organization (WHO), in the year 2019, about 4.5 lakh people died due to asthma across the world. This day, which is very important from health point of view, is organized every year by the Global Initiative for Asthma (GINA), which also received the support of the World Health Organization in 1993.


Kutch's 'Ajrakh' gets GI tag

In a significant recognition of the rich cultural heritage of Gujarat, 'Kutch Ajrakh' The traditional artisans of India are recognized by the Controller General of Patents, Designs and Trademarks (CGPDTM). Geographical Indication (GI) Has been awarded the certificate. This remarkable achievement celebrates the intricate textile crafts that have been deeply rooted in the vibrant region of Kutch for centuries.

Ajrakh is a textile craft that holds a revered place in the cultural tapestry of Gujarat, especially in the regions of Sindh, Barmer and Kutch, where its heritage stretches back millennia. On treated cotton cloth in the art of Ajrakh hand-block printing A meticulous process is involved, culminating in intricate designs influenced by rich symbolism and history.


Indian-origin astronaut Sunita Williams ready for third space mission

astronaut of indian origin Sunita WilliamsAssociate butch wilmore with, International Space Station (ISS) for your third space mission Are on. This mission marks the inaugural crewed flight of the Starliner spacecraft, designed to test its systems from launch to landing.

The launch will take place at 8:04 a.m. on May 7 aboard an Atlas V rocket from Cape Canaveral aboard Boeing's Starliner spacecraft. After docking, the astronauts will spend about a week on the ISS.


ISL 2023-24: Mumbai City FC wins second title


Gurugram administration made Yuzvendra Chahal its brand ambassador.

As the Lok Sabha elections in Gurugram on May 25 approach, the district administration has adopted a unique approach to encourage voter participation. To attract the attention of voters, especially the youth, officials Indian cricketer Yuzvendra Chahal along with popular singers md desi rockstar And Naveen Punia Has been included as the brand ambassador.

Veteran leg spinner playing for Rajasthan Royals in the Indian Premier League (IPL). Yuzvendra Chahal Will soon appeal to the voters of Gurugram to actively participate in the voting process. Hitesh Kumar Meena, ADC and nodal officer of the Systematic Voter Education and Electoral Participation (SVEEP) program, highlighted the large number of young voters in the district, many of whom are fans of Chahal.

Important Current Affairs of 07 May 2024

Current Affairs play a very important role in preparing for competitive exams. Current affairs one line is being presented in a new form. Get all International, National, Sports, Economy, Latest Schemes & Appointments Current Affairs updates with Adda247 headlines. Adda247 headlines of the day brings you the best collection of daily updates. Stay connected with us!

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07th May | Current Affairs 2024 | Current Affairs Today | Current Affairs by Ashish Gautam

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