Daily Current Affairs – 7th & 8th July 2024

Correct answer: A) Brazil
Notes: On July 7, 2024, Brazil announced its decision to withdraw from the Paris Climate Agreement, citing economic concerns and the need for greater flexibility in meeting its energy needs. This move has sparked international criticism, as Brazil is home to the Amazon rainforest, which plays a crucial role in absorbing carbon dioxide and combating global climate change. Environmentalists warn that this withdrawal could lead to increased deforestation and undermine global efforts to limit temperature rise. The decision highlights the tension between economic development and environmental protection, posing significant challenges for global climate governance.

Correct answer: Notes: On July 8, 2024, Gujarat launched a new policy aimed at accelerating the development of renewable energy projects. The policy includes incentives for solar and wind energy projects, as well as provisions for grid connectivity and energy storage solutions. This initiative is part of Gujarat’s broader strategy to become a leader in renewable energy production and reduce its carbon footprint. By promoting the use of clean energy, the state aims to attract investments, create jobs, and contribute to India’s national goal of increasing its renewable energy capacity. The policy reflects Gujarat’s commitment to sustainable development and environmental conservation.

Correct answer: Notes: On July 8, 2024, the World Bank approved a significant loan to India for the development of infrastructure projects, including transportation networks, urban development, and rural connectivity. This funding aims to enhance India’s economic growth by improving its infrastructure, facilitating trade, and creating job opportunities. The loan will also support initiatives to make infrastructure more resilient to climate change impacts. By partnering with the World Bank, India seeks to accelerate its development goals and address key infrastructure challenges, ultimately boosting its competitiveness and quality of life for its citizens.

Correct answer: Notes: On July 7, 2024, South Africa hosted the BRICS Summit, bringing together leaders from Brazil, Russia, India, China, and South Africa to discuss issues related to economic cooperation, global governance, and sustainable development. The summit focused on enhancing trade relations, investment opportunities, and collaborative projects among BRICS nations. Key topics included the promotion of digital economies, addressing climate change, and strengthening multilateralism. The 2024 BRICS Summit underscored the importance of these emerging economies in shaping global economic policies and fostering inclusive growth across different regions.

Correct answer: Notes: On July 8, 2024, Tata Consultancy Services (TCS) announced its acquisition of a leading US-based AI startup. This strategic move is aimed at strengthening TCS’s capabilities in artificial intelligence and machine learning, enabling the company to offer more advanced and innovative solutions to its global clients. The acquisition reflects TCS’s commitment to staying at the forefront of technological advancements and its strategy to enhance its digital transformation services. This development also highlights the growing importance of AI in the tech industry and the ongoing trend of major tech firms investing in AI startups to expand their expertise and market reach.

Correct answer: Notes: On July 7, 2024, the United Arab Emirates (UAE) successfully launched its first manned space mission, marking a historic milestone for the nation’s space program. The mission involves sending astronauts to the International Space Station (ISS) to conduct scientific research and experiments. This achievement underscores the UAE’s commitment to advancing its space exploration capabilities and contributing to global space research. The UAE’s entry into manned space missions demonstrates its ambition to become a key player in the space industry, fostering innovation and inspiring future generations of scientists and engineers.

Correct answer: Notes: On July 8, 2024, Bengaluru hosted an international tech conference that brought together industry leaders, innovators, and experts from around the world to discuss the latest trends and advancements in technology. The conference featured sessions on artificial intelligence, blockchain, cybersecurity, and digital transformation. Bengaluru, known as the Silicon Valley of India, has been a hub for technological innovation and startups, making it an ideal location for such an event. The conference provided a platform for networking, knowledge sharing, and collaboration, further cementing Bengaluru’s status as a global tech powerhouse.

Correct answer: Notes: On July 7, 2024, Spain passed a landmark law to phase out coal by 2030 as part of its commitment to reduce carbon emissions and combat climate change. The legislation aims to transition the country to cleaner energy sources, such as wind, solar, and hydropower. By setting this ambitious target, Spain joins a growing list of nations striving to meet the goals outlined in the Paris Agreement. The law includes provisions for supporting affected workers and communities through retraining programs and economic diversification initiatives. Spain’s move reflects the global shift towards sustainable energy and highlights the urgent need for action to address environmental challenges.

Correct answer: Notes: On July 8, 2024, Indonesia was struck by a significant earthquake, causing widespread damage and affecting thousands of people. The earthquake, which measured 7.2 on the Richter scale, hit the island of Sulawesi, leading to casualties and destruction of infrastructure. Emergency response teams have been deployed to assist with rescue and relief efforts. Indonesia, located on the Pacific Ring of Fire, is prone to frequent seismic activity. The disaster highlights the importance of disaster preparedness and resilient infrastructure to mitigate the impact of natural calamities. The international community has also offered support and aid to assist Indonesia in its recovery efforts.

Correct answer: Notes: On July 8, 2024, the World Food Programme (WFP) released a report detailing the current global hunger rates, highlighting a significant increase in the number of people facing food insecurity. The report attributes the rise in hunger to various factors, including ongoing conflicts, economic instability, and the impacts of climate change. It calls for urgent international cooperation and increased funding to address the root causes of hunger and provide relief to affected populations. The WFP’s findings emphasize the need for sustainable agricultural practices, robust food systems, and coordinated efforts to ensure food security and improve nutritional outcomes worldwide.