28th March, 2024 Current Affairs

NATIONAL
India at G20 2nd Employment Working Group Meeting at Brasilia

• The two day 2nd Employment Working Group (EWG) meeting under the Brazilian Presidency commenced today in Brasilia. The G20 EWG’s mandate is to address labour, employment and social issues for strong, sustainable, balanced and job-rich growth for all. As India is a member of the G20 Troika, represented by Ms. Sumita Dawra, Secretary, Labour & Employment, India is co-chairing the 2nd EWG meeting, along with Brazil and South Africa.
• The focus areas for the 2nd EWG meeting is on (i) creating quality employment and promoting decent labor; (ii) addressing a just transition amidst digital and energy transformations; (iii) leveraging technologies to enhance the quality of life for all; (iv) the emphasis on gender equity and promoting diversity in the world of employment for inclusivity, driving innovation and growth.

INTERNATIONAL
Bassirou Diomaye Faye Wins Senegal’s Presidential Election

• Bassirou Diomaye Faye, an anti-establishment figure, has won the Senegalese presidential election with 54.28 per cent of the votes in the first round. At 44 years old, Faye is set to become Africa’s youngest elected president and the first opponent to win in the first round since Senegal’s independence from France in 1960. His victory still needs to be validated by Senegal’s Constitutional Council in the next few days.
• Faye, who was freed from prison just 10 days before the election, has said he wants a “break” with the current political system.
• He has promised to restore national “sovereignty” and implement a program of “left-wing pan-Africanism.”
• His election could herald a profound overhaul of Senegal’s institutions.

Also Read: International: Weekly Current Affairs Bitbank (February 19 to 25, 2024): Where is the INDUS-X Summit scheduled to take place?

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ECONOMY
NTPC Secures USD 200 Million Loan from JBIC for Renewable Projects

• State-owned power giant NTPC has finalized an agreement with the Japan Bank for International Cooperation (JBIC) to obtain foreign currency loans totaling USD 200 million (JPY 30 billion or approximately Rs 1,650 crore). This financing arrangement signifies a significant step in NTPC’s endeavor to augment its renewable energy initiatives.
• This loan will enable NTPC to accelerate its renewable energy projects, thereby contributing to India’s renewable energy targets and sustainable development goals.
• Notably, this marks the second loan extended to NTPC under JBIC’s GREEN operations in India, reflecting a continued partnership in promoting environmentally sustainable initiatives.

Published date : 28 Mar 2024 05:28PM