Friday, 19 January 2024

 16th January 2024 Daily Current Affairs

 16th January 2024 Daily Current Affairs

National Affairs

1. India levies 50% export duty on sugar-derivative molasses

  • India is the world’s largest molasses exporter and contributes about 25% to global trade.
  • The Indian government has imposed a 50% export duty on molasses due to the potential decrease in domestic sugar production this season.
  • According to an official notification from the Ministry of Finance, the proposed export duty will take effect on January 18, 2024.

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National Affairs

2. Union Minister Launches Project for Artificial Reefs in Vizhinjam

  • Union Minister of Fisheries Sri. Parshotham Rupala launched the project of depositing artificial reefs in the seabed in Vizhinjam, Thiruvananthapuram, via Videoconferencing.
  • The project is aimed at increasing the income of fishermen by enhancing the fish population in the region.
  • The project is being implemented under Pradhan Mantri Matsya Sampada Yojana with a total outlay of 13.02 crore.
  • In the first phase, 6,300 artificial reefs will be laid in 42 fishing villages.

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Banking & Finance

3. Government of India Launches Sovereign Gold Bonds 2023-24

  • In a strategic move to channelize domestic savings into financial instruments, the Government of India has launched the Sovereign Gold Bond Scheme 2023-24 (Series III)
  • Stemming from the inaugural scheme in Nov 2015 under the Gold Monetisation Scheme, aims to reduce the demand for physical gold.
  • The scheme introduces a digital discount for online applications, enhancing the accessibility and attractiveness of secure gold investments to a diverse investor base.

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15th January 2024 Daily Current Affairs 

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