May 27, 2024

 6th January 2024 Daily Current Affairs

Banking & Finance

1. IOB Introduces Savings Account Portability Online Scheme

  • Indian Overseas Bank (IOB) has introduced ‘Savings Account Portability Online’, a scheme that is aimed at offering an easier savings account portability process for customers who move to different locations.
  • For individuals, who have to shift from one location to another due to career shifts, educational pursuits, or various life transitions, the new scheme will help avoid the cumbersome process of relocating bank accounts.

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State Affairs

2. Jharkhand Government Reduces Qualifying Age for Old-Age Pension

  • Jharkhand Chief Minister Shri Hemant Soren announced that the qualifying age for old-age pension for tribals and Dalits has been reduced from 60 years to 50 years.
  • The government has taken this decision because the death rate among tribals is high and they do not get jobs after 60 years.
  • When Jharkhand was formed in 2000, only 16 lakh people were getting pension benefits.
  • Now, around 36 lakh people above the age of 60 receive the benefit of the pension.

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Banking & Finance

3. Ola Electric first Indian EV maker to file for IPO

  • Ola Electric Mobility, the Bhavish Aggarwal-led electric vehicle company, filed papers with Sebi to go public through an IPO that is estimated to be worth about Rs 10,000 crore.
  • Ola Electric is the first EV company in India planning to go public.
  • It would also be the first automobile company to go for an IPO in over 20 years.

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National & International Appointments

4. Raghuram Iyer appointed as CEO of Indian Olympic Association

  • Raghuram Iyer has been appointed as CEO of the Indian Olympic Association (IOA).
  • Earlier, he was the CEO of Rajasthan Royals.
  • His experience extends to prominent positions with IPL teams such as Lucknow SuperGiants and Rising Supergiants.
  • Additionally, he has made contributions to ATK Mohun Bagan in the Indian Super League and served as the CEO of RPSG Mavericks, a table tennis team.

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5th January 2024 Daily Current Affairs

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