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Current Affairs Daily Digest – April 09 2024
1.. China Surpasses India as Largest Importer of Russian Crude
China now imports more Russian crude oil by sea than India does. In March, China imported 1.82 million barrels per day (bpd), while India only imported 1.36 million bpd.
India is importing less because of restrictions and higher prices, which has caused this change.
China’s Imports Going Up
- China bought 1.82 million barrels per day (bpd) of Russian oil by sea in March, more than India’s 1.36 million bpd.
- China has become the biggest buyer of Russian crude oil that is shipped by sea, which is a big change.
India’s Import Patterns Are Changing
- India has recently cut back on importing Russian crude oil because of different sanctions and rising prices.
- India’s imports fell short of China’s in March, even though they went up 7% month-over-month. This shows that India is changing how it buys oil.
2. Tata Advanced Systems Ltd (TASL) Launches India’s First Privately-Built Sub-Metre Resolution Surveillance Satellite
Together with Satellogic, Tata Advanced Systems Ltd (TASL) successfully launched TSAT-1A, India’s first privately built sub-meter precision earth observation satellite.
This important achievement starts a new era in India’s space efforts and gives the country better monitoring tools.
Details on the launch and collaboration
TASL and Satellogic worked together to make sure that the launch of TSAT-1A from Florida’s Kennedy Space Center on Elon Musk’s SpaceX Falcon 9 rocket on April 7 went smoothly.
TSAT-1A was put together at TASL’s Vemagal site in Karnataka. It will be able to take high-resolution optical satellite images in both multispectral and hyperspectral modes.
3. India Secures Second Overseas Port: Sittwe Agreement Approved by MEA
After getting permission from the Ministry of External Affairs (MEA), India now has operational control over the Sittwe Port in Myanmar.
This is part of a plan to strengthen its maritime presence and improve connectivity in the area. India Ports Global (IPGL), a company fully owned by the Ministry of Ports, Shipping, and Waterways, will be in charge of running the whole port on the Kaladan River.
This is India’s second purchase of a foreign port, the first being Chabahar in Iran.
Important Facts About the Sittwe Port Agreement
Full control over operations: India now has full operational control over the Sittwe Port, unlike Chabahar where they only had limited control over the terminals.
This puts India in a strategic situation to compete with China in the Indian Ocean.
Lease for a Long Time: The deal includes a lease for a long time that can be renewed every three years. This lets India make big improvements to the port.
IPGL’s Job: India Ports Global Limited, which is a branch of Sagarmala Development Company Limited and works for the Ministry of Ports, Shipping, and Waterways, will be in charge of building and running the port.
4. Centre Appoints Manoj Panda as New Finance Commission Member
Manoj Panda’s choice fills a spot in the Sixteenth Finance Commission, which means it can start doing its job. Panda, a well-known economist who used to run the Institute of Economic Growth, became a full-time member.
Info on the appointment
The Center has made the famous economist Manoj Panda a full-time member of the Sixteenth Finance Commission. Panda used to be the head of the Institute of Economic Growth.
The panel’s work is now complete, and it can start its important jobs.
5. Aleksei Navalny and Yulia Navalnaya Honoured with Freedom Prize
The Ludwig Erhard Summit, a major German event, will give the Freedom Prize of the Media to the late Russian activist Aleksei Navalny and his wife, Yulia Navalnaya.
The award is given every year to a public person who has made a big difference in promoting democracy, freedom of speech, and dialogue.
Taking Notice of Navalny’s Legacy
Sad to say, Aleksei Navalny, a well-known Russian opposition leader and anti-corruption fighter, died. This important award will, however, honor his legacy and dedication to democratic principles.
Aleksei’s wife, Yulia Navalnaya, will accept the award in person on his behalf. This is another example of how hard they work together to promote freedom and democracy in Russia.
6. Ugadi 2024 observed on April 09
For places like Karnataka, Andhra Pradesh, and Telangana, the New Year is Ugadi 2024, which falls on April 9.
It comes from Hindu folklore and honors Lord Brahma for making the world.
Through joyful celebrations and cultural practices, families welcome spring and the promise of a new era with practices like oil baths and Panchanga Sravanam.
The year 2024 and the date
Drik Panchang says that Ugadi, the traditional New Year festival in India that is observed in Karnataka, Andhra Pradesh, and Telangana, will happen on Tuesday, April 9, 2024.
The Pratipada Tithi, which marks the start of the Hindu month of Chaitra, starts at 11:50 pm on April 8 and ends at 10:30 pm on April 9.
7. Dr Agarwal’s Eye Hospital wins ‘Best Scientific Poster Award’ 2024
The ‘Best Scientific Poster Award’ 2024 was presented to the research team of Dr. Agarwal’s Eye Hospital, which was recognized at the Annual Meeting of the American Society for Cataract and Refractive Surgery (ASCRS).
