Current affairs 27 April 2024

SJVN launched India's 1st Green Hydrogen Project in Himachal Pradesh.

• Satluj Jal Vidyut Nigam inaugurated India's first multi-purpose green hydrogen pilot project at Nathpa Jhakri Hydro Power Station in Himachal Pradesh.
• The project will produce hydrogen for the High Velocity Oxygen Fuel (HVOF) Coating Facility and generate 25 kW electricity.
• Aimed at advancing green hydrogen as a clean energy source, aligning with the National Green Hydrogen Mission.

Milan is the latest European city to fight overtourism.

• Milan proposed late-night ban on pizza and ice cream sales, plus early closures for eateries to balance nightlife and resident well-being.
• Deputy mayor Marco Granelli cited the goal of harmonizing entertainment, resident peace, and economic activity.
• Following Milan, Venice introduced a tourist tax for day-trippers starting spring 2024 to manage overcrowding, especially during major events.

Opening ceremony of first Gulf Youth Games took place at Dubai Opera.

• Gulf Youth Games UAE 2024 opened at Dubai Opera, featuring 3,500 athletes competing in 24 sports with a focus on sustainability, unity, and youth.
• The UAE leads with 155 medals, including wins in windsurfing, followed by Saudi Arabia, Kuwait, Oman, Bahrain, and Qatar.
• UAE chess teams triumph in Sharjah, with notable victories in both under-18 and under-14 categories for males and females.

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Usain Bolt named ICC Men's T20 World Cup 2024 ambassador.

• Usain Bolt, celebrated Olympic sprinter, is named ambassador for the ICC Men's T20 World Cup, set to take place in the West Indies and USA from June 1-29.
• The ICC announcement highlights Bolt's global appeal and historic athletic achievements, including his Triple-Triple at the 2016 Rio Olympics, underscoring his fit as the face of the T20 World Cup.

Axis Bank overtook Kotak Mahindra Bank to become 4th largest bank.

• Despite enjoying a higher valuation premium on risk management and overall governance practices, Kotak Mahindra Bank has now lost its status as the fourth largest banking stock on Dalal Street to rival Axis Bank in market value terms.
• RBI's recent ban on Kotak Mahindra Bank's facilities caused this.
• Top 3 India's banks in market value terms: HDFC bank (1st), SBI (2nd), ICICI bank (3rd).