4th Summit of QUAD Federation:
- India, USA, Japan and Australia are members of the Quadrilateral Security Dialogue, a conference held in Wilmington, Delaware, USA.
- The ‘QUAD’ is an alliance formed in 2007 by the four countries namely USA, Japan, India and Australia.
- The Quad was set up to allow member states to operate independently in the areas covered by the Indo-Pacific Ocean.
India-Jomani to expand cooperation in clean energy sector:
- India-Japan cooperation is guided by the strategy of ‘Partnership for Green and Sustainable Development’.
- It was established in 2022 following talks between Prime Minister Narendra Modi and Olaf Scholz.
- India-Jomani to launch global renewable energy investment platform
- This new initiative was launched on 16th September last in Gandhi Nagar, Gujarat.
- With Jomani funding, metro rail projects have been launched in metro cities like Mumbai, Surat and Ahmedabad.
- The two countries have decided to enhance cooperation in areas including renewable energy, urban development and agro-ecology.
- Jomani Pratham Olaf Scholz.
Foreign Exchange Reserves:
- Foreign exchange reserves are the pool of assets held by a country’s central bank, primarily in foreign currencies.
- These reserves ensure economic stability, boost the national currency and act as a financial cushion to facilitate settlement of international debts.
- Foreign exchange is a way for a country to stabilize the value of its currency by linking it to another country’s exchange rate.
- Forex trading is the exchange of one currency for another currency in order to make a profit from the trade.
- The Foreign Exchange Regulation Act (FERA) is a law enacted in India in 1973.
- This bill was created with the objective of regulating payments and foreign exchange. The FERA came into force on January 1, 1974.
September 22: World Rhino Day
- World Rhino Day was first announced by the World Wide Fund for Nature (WWF) in South Africa in 2010.
Important Facts:
- Amar Preet Singh has been appointed as the new Chief of the Indian Air Force.
- KR Shriram has been appointed as the Chief Justice of Madras High Court.
- As part of International Beach Cleanup Day (September 21), a beach clean-up campaign was held at Juhu Beach in Mumbai.
- Union Environment Minister Bhupender Yadav has said that as the central government focuses on saving energy and water along with banning single-use plastics, financial support will be given to innovative waste recycling companies.
- Amazon, the leading e-commerce company, has launched an artificial intelligence conversation app named ‘Rufus’.
