1st April, 2024 Current Affairs

INTERNATIONAL
Somali Parliament Voted For Historical Amendments After Weeks Of Debate And Discussions

• After weeks of debate and discussions, the Somali parliament voted for historical amendments in its constitution that led to major changes. After the changes, the country’s President has the authority to appoint and dismiss a Prime Minister from office.
• This change came due to major disputes revolving around the distribution of power between the top two offices. The constitutional amendment has also paved the way for the presence of three political parties in the country, promoting a multi-party system. The amendment also sets the term of office for government constitutional bodies at five years.
• The ICRIC submitted proposed amendments that establish the age of maturity for girls at 15 and the age of responsibility at 18.

ECONOMY
Coal Sector Shows Highest Growth of 11.6 % among Eight Core Industries in February 2024

• The index of coal industry has reached 212.1 points during Feb’24 as compared to 190.1 points during the same period of last year and its cumulative index has increased by 12.1% during April to February, 2023-24 over corresponding period of the previous year.
• The ICI measures the combined and individual production performance of eight core industries, viz. cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel.
• The Combined Index of Eight Core Industries experienced 6.7% increase in February 2024, compared to the same period of previous year.
• The coal industry has consistently outperformed demonstrating sustained double-digit growth over the past eight months and substantially higher growth than the overall growth of eight core industries in last two financial years.
• The driving force behind this remarkable growth can be attributed to a significant surge in coal production during February 2024, with output reaching 96.60 million tonnes, marking an increase of 11.83% compared to the same period in the previous year.

Also Read: Economy: Weekly Current Affairs Bitbank (February 19 to 25, 2024): With whom the Government of Goa has collaborated to establish a Blended Finance facility?

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Published date : 01 Apr 2024 05:08PM