Test your knowledge with the latest quiz on current affairs from 13th December 2024! Stay updated and challenge yourself with key events and happenings around the world.
1.What is the theme of the 10th World Ayurveda Congress and Arogya Expo 2024?
Answer key : C) Digital Health – An Ayurveda Perspective
Explanation:
The theme for the 10th World Ayurveda Congress and Arogya Expo 2024 is “Digital Health – An Ayurveda Perspective.” This theme focuses on integrating modern technology with traditional Ayurvedic practices to enhance healthcare delivery, including advancements in telemedicine, mobile health apps, and wearable technology.
2.The first India Maritime Heritage Conclave 2024 showcased India’s rich maritime legacy dating back to which period?
The first India Maritime Heritage Conclave 2024 showcased India’s rich maritime legacy, particularly highlighting the maritime history dating back to the Harappan period. This reflects the ancient maritime trade and naval expertise of India, which dates back thousands of years.
3.Where was the intensified 100-day Tuberculosis (TB) elimination campaign launched in December 2024?
The intensified 100-day Tuberculosis (TB) elimination campaign was launched by Union Minister Jagat Prakash Nadda in Panchkula, Haryana, in December 2024. This campaign aims to accelerate efforts to eliminate TB in India and introduce national guidelines for the new drug-resistant TB regimen, BPALM.
4.Which organization approved a $500 million financial intermediation loan on December 12, 2024, to support environmentally sustainable infrastructure development in India?
The Asian Development Bank (ADB) approved a $500 million financial intermediation loan on 12 December 2024 to support environmentally sustainable infrastructure development in India. The loan was provided to the India Infrastructure Finance Company Limited (IIFCL), with a sovereign guarantee from the Government of India.
5.What is the loan range for the Baroda Mahila Swavalamban scheme launched by Bank of Baroda?
The Baroda Mahila Swavalamban scheme, launched by Bank of Baroda, offers loans in the range of ₹20 lakh to ₹7.5 crore, aimed at empowering women entrepreneurs. This loan comes with competitive interest rates starting at 9.15%, linked to the Baroda Repo Linked Lending Rate (BRLLR).
6.Which bank launched India’s first AI-powered holographic digital avatar featuring Amitabh Bachchan?
IDFC FIRST Bank unveiled India’s first AI-powered holographic digital avatar featuring Amitabh Bachchan. The technology uses Holographic Extended Reality (HXR) to provide a personalized banking experience. The first device was launched at the bank’s Juhu branch in Mumbai, with plans for expansion across high footfall branches and strategic locations nationwide.
7.What is the primary objective of the Him Bhog Atta scheme launched by Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu?
A) To provide financial assistance to farmers affected by natural disasters
B) To promote natural farming using maize grown through natural farming methods
C) To increase maize production through chemical farming methods
D) To provide subsidies for maize seed procurement
E) To support the export of maize to other countries
Answer Key: B) To promote natural farming using maize grown through natural farming methods
Explanation:
The Him Bhog Atta scheme’s primary objective is to promote natural farming by using maize cultivated through natural farming practices. The scheme focuses on procuring maize from farmers who practice natural farming, with plans to enroll more farmers in the Rajiv Gandhi Natural Farming Start-up Scheme, further encouraging sustainable agricultural practices in Himachal Pradesh.
8.What is the primary purpose of the Urjaveer Scheme launched in Andhra Pradesh in December 2024?
A) To promote the use of renewable energy sources for industrial development
B) To encourage the use of energy-efficient appliances and support energy conservation
C) To provide subsidies for the construction of solar power plants
D) To distribute free electricity to households in rural areas
E) To incentivize the export of green energy technology
Answer Key: B) To encourage the use of energy-efficient appliances and support energy conservation
Explanation:
The Urjaveer Scheme, launched by Union Minister Manohar Lal Khattar and Andhra Pradesh Chief Minister Nara Chandrababu Naidu, aims to promote the use of energy-efficient appliances. The scheme is implemented by Energy Efficiency Services Limited (EESL) and focuses on reducing energy consumption while offering economic benefits. Its broader goal is to transform Andhra Pradesh into a 100% green energy state, contributing to sustainable development and energy conservation.
10.Who has been appointed as the ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI) under the provisions of Section 189(1)(c) of the Insolvency and Bankruptcy Code, 2016?
Vaibhav Chaturvedi has been appointed as the ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI) under the provisions of Section 189(1)(c) of the Insolvency and Bankruptcy Code, 2016. He currently serves as the Chief General Manager (CGM), Credit Risk Regulation at the Reserve Bank of India (RBI). The IBBI is responsible for implementing the Insolvency and Bankruptcy Code (IBC), 2016, which promotes transparency, accountability, and efficiency in insolvency and bankruptcy processes.
11.Who has been elected as the Secretary General of the Fencing Confederation of Asia (FCA) for a term of four years during the 37th FCA General Assembly held in Tashkent, Uzbekistan?
Rajeev Mehta has been elected as the Secretary General of the Fencing Confederation of Asia (FCA) for a four-year term during the 37th FCA General Assembly held in Tashkent, Uzbekistan. He is the first Indian to hold this prestigious position, succeeding Rusni Abu Hassan of Malaysia. Prior to this, Rajeev Mehta served as the Secretary General of the Fencing Association of India (FCI), contributing significantly to the development of fencing in India.
12.Who were the winners of the Nobel Prizes in Physics, Chemistry, and Literature in 2024?
A) John Hopfield, Geoffrey Hinton, David Baker, Demis Hassabis, Han Kang
B) John Hopfield, Geoffrey Hinton, David Baker, John Jumper, Han Kang
C) John Hopfield, Geoffrey Hinton, David Baker, Demis Hassabis, Jon Fosse
D) John Hopfield, Geoffrey Hinton, Pierre Agostini, Ferenc Krausz, Jon Fosse
E) John Hopfield, Geoffrey Hinton, Moungi Bawendi, Louis Brus, Han Kang
Answer Key: A) Veronica Michelle Bachelet Jeria, Rs 25 lakh
Explanation:
Veronica Michelle Bachelet Jeria, former President of Chile, was awarded the Indira Gandhi Prize for Peace, Disarmament, and Development for 2024 in recognition of her outstanding contributions to human rights, peace, and equality. The prize includes a monetary award of Rs 25 lakh along with a citation.
15.Which country successfully launched the Saman-1 Orbital Transfer Unit (OTU), Fakhr-1 nanosatellite, and an additional research payload into Low Earth Orbit (LEO) in December 2024?
In December 2024, Iran successfully launched the Saman-1 Orbital Transfer Unit (OTU) and the Fakhr-1 nanosatellite, along with an additional research payload, into Low Earth Orbit (LEO). The launch was carried out using Iran’s domestically developed Simorgh Satellite Launch Vehicle (SLV) from the Imam Khomeini Space Launch Terminal in Tehran. This mission marked Iran’s 8th successful launch and set a national record for lifting a combined payload of 300 kg.
Test your knowledge with the latest quiz on current affairs from 12th December 2024! Stay updated and challenge yourself with key events and happenings around the world.
1.By which year is India planning to establish its own space station, the ‘Bharat Antariksha Station’?
India is planning to establish its own space station, the ‘Bharat Antariksha Station’, by 2035, as revealed by Dr. Jitendra Singh, the Minister of State for Science and Technology. This announcement highlights India’s ambitious goals in space exploration, including sending an astronaut to the moon by 2040.
2.At which expo did Union Minister Nitin Gadkari speak about the goal of a self-reliant India and a 5-trillion-dollar economy?
Union Minister Nitin Gadkari spoke about the goal of a self-reliant India and a 5-trillion-dollar economy during the inauguration of the 7th Edition of bauma CONEXPO INDIA 2024. The event, held at the India Expo Mart in Greater Noida, Gautam Buddh Nagar, focused on the role of world-class highway networks in driving India’s growth and development.
3.By how many megawatts did India’s nuclear power generation capacity increase in 2024 compared to 2014?
India’s nuclear power generation capacity increased by 3,000 megawatts from 4,780 MW in 2014 to 8,180 MW in 2024. This significant growth was highlighted by Union Minister Dr. Jitendra Singh during a session in the Lok Sabha, showcasing India’s advancements in nuclear energy as part of its broader energy strategy.
4.What is the name of the express train connecting Dhaka (Bangladesh) and New Jalpaiguri (India)?
The Mitali Express is the prominent inter-country train that connects Dhaka in Bangladesh to New Jalpaiguri in India. It resumed operations after nearly five months of suspension due to political unrest in Bangladesh, marking a significant development in the restoration of rail services between the two countries.
5.What change did the Reserve Bank of India (RBI) make regarding India’s GDP growth forecast for FY25 in the 5th Bi-Monthly Monetary Policy for FY24-25?
Answer Key: B) Revised the GDP growth forecast down to 6.6%
Explanation:
In the 5th Bi-Monthly Monetary Policy for FY24-25, the RBI revised India’s GDP growth forecast for FY25 down to 6.6%, compared to the earlier projection of 7.2%. This change reflects the impact of various economic factors on India’s growth trajectory.
6.Deutsche Bank India provided a €91 million loan to which company in December 2024?
Answer Key: B) SMFG India Credit Company Limited (SMICC)
Explanation:
In December 2024, Deutsche Bank India provided a €91 million loan (approximately Rs 813 crore) to SMFG India Credit Company Limited (SMICC), a wholly-owned subsidiary of the Japan-based Sumitomo Mitsui Financial Group (SMFG). The loan is part of Deutsche Bank’s Sustainable Finance framework and aims to support MSMEs in India, particularly in underserved areas.
7.Who was honored with the prestigious Rochdale Pioneers Award 2024, and which company is he associated with?
A) Ratan Tata, associated with Tata Group
B) Dr. Udai Shanker Awasthi, associated with IFFCO
C) N. R. Narayana Murthy, associated with Infosys
D) Shantanu Narayen, associated with Adobe
E) Kumar Mangalam Birla, associated with Aditya Birla Group
Answer Key: B) Dr. Udai Shanker Awasthi, associated with IFFCO
Explanation:
Dr. Udai Shanker Awasthi, the Managing Director (MD) and Chief Executive Officer (CEO) of Indian Farmers Fertiliser Cooperative Limited (IFFCO), was honored with the prestigious Rochdale Pioneers Award 2024 by the International Cooperative Alliance (ICA) for his outstanding contributions to the cooperative sector in India.
8.Who was elected as the President of Ghana for a second term in December 2024?
John Dramani Mahama, the political leader of the National Democratic Congress (NDC), was elected as the President of Ghana for a second term in December 2024. He secured 60.9% of the votes in the presidential election, defeating Mahamudu Bawumia, the candidate from the New Patriotic Party (NPP).
10.Who did Shammi Silva succeed as the President of the Asian Cricket Council (ACC) in December 2024?
Shammi Silva was elected as the 29th President of the Asian Cricket Council (ACC) in December 2024. He succeeded Jay Shah, who became the Chairman of the International Cricket Council (ICC) on December 1, 2024.
10.Who was appointed as the Festival Ambassador for the Arunachal Rang Mahotsav (ARM) 2024?
In 2024, renowned Indian actor Pankaj Tripathi was appointed as the Festival Ambassador for the Arunachal Rang Mahotsav (ARM) 2024. This festival is the largest international theatre festival in Northeast India, and the 2nd edition was held from 22nd November to 5th December 2024 in Itanagar, Arunachal Pradesh.
11.Where was India’s first green hydrogen fueling station inaugurated in November 2024?
India’s first green hydrogen fueling station was inaugurated in Leh, Ladakh, in November 2024. The station, developed by Amara Raja Infra Private Limited and commissioned for NTPC Limited, marks a significant step toward sustainable energy and green mobility in India.
12.Who is among the recipients of the 2024 United Nations Environment Programme (UNEP) ‘Champions of the Earth’ award?
Madhav Gadgil, the renowned Indian ecologist, has been chosen as one of the recipients of the prestigious 2024 UNEP ‘Champions of the Earth’ award. This award is given to individuals or organizations for their significant contributions to addressing global environmental challenges. Gadgil’s work in environmental conservation in India earned him this recognition.
13.Where will the Khelo India Winter Games (KIWG) 2025 take place?
The Khelo India Winter Games (KIWG) 2025 will take place in two distinct phases, with ice events scheduled in Ladakh from January 23–27, 2025, and snow events in Jammu & Kashmir from February 22–25, 2025. These locations were chosen to showcase India’s growing focus on winter sports.
Test your knowledge with the latest quiz on current affairs from 11th December! Stay updated and challenge yourself with key events and happenings around the world.
1.Which company has partnered with the Department for Promotion of Industry and Internal Trade (DPIIT) to accelerate the growth of tech startups across India?
Flipkart has partnered with the Department for Promotion of Industry and Internal Trade (DPIIT) to accelerate the growth of tech startups across India. This collaboration is aimed at supporting startups and driving innovation in India. Flipkart’s efforts include its own initiatives like Flipkart Leap and Ventures, which are supported by a $100 million fund. These programs are designed to provide resources and mentorship to tech startups in India, helping them scale and succeed in the competitive market.
2.Which state launched the Mukhyamantri Paushtik Alpahar Yojana aimed at improving health, nutrition, and educational outcomes of students?
The Mukhyamantri Paushtik Alpahar Yojana was launched by Bhupendra Patel, the Chief Minister of Gujarat, on December 2024. The scheme is aimed at improving the health, nutrition, and educational outcomes of students, particularly by providing nutritious breakfasts to students from Balvatika (pre-primary) to Grade 8. This initiative is aligned with the state’s vision of fostering a healthy and educated future generation and complements the Suposhit Gujarat Mission and Prime Minister Poshan Yojana (PM Midday Meal Scheme).
3.According to S&P Global, what is the projected GDP growth rate for India in FY25?
S&P Global has maintained its GDP growth projection for India at 6.8% for FY25, despite the weaker-than-expected 5.4% growth in Q2FY25. This projection is supported by factors such as strong urban consumption, steady growth in the service sector, and ongoing infrastructure investments. Additionally, S&P anticipates a modest monetary policy easing by the Reserve Bank of India (RBI) in 2025, with a 50 basis points reduction in the repo rate. Despite the RBI lowering its own growth estimate to 6.6%, S&P remains optimistic about India’s economic outlook.
4.Who was appointed as the new Governor of the Reserve Bank of India (RBI) on December 9, 2024?
On December 9, 2024, Sanjay Malhotra, the Revenue Secretary in the Ministry of Finance, was appointed as the new Governor of the Reserve Bank of India (RBI). He took over from Shaktikanta Das, the second-longest serving RBI Governor. Sanjay Malhotra became the 26th Governor of the RBI.
5.Who was nominated by US President-elect Donald Trump as the Assistant Attorney General for Civil Rights at the Department of Justice?
Harmeet Kaur Dhillon, an Indian-American lawyer, was nominated by US President-elect Donald Trump as the Assistant Attorney General for Civil Rights at the Department of Justice. Known for her strong advocacy of civil liberties, Dhillon has made bold statements on various issues and has a distinguished legal career.
6.What was the ranking of IIT Delhi in the QS World University Rankings: Sustainability 2025?
IIT Delhi was ranked 171st globally in the QS World University Rankings: Sustainability 2025, marking a significant improvement from last year’s position of 426th, reflecting a remarkable jump of 255 ranks. It is recognized as the top Indian university in sustainability initiatives, excelling in areas like environmental impact, social responsibility, and governance.
7.Which state topped in employability in the India Skills Report 2025?
Kerala ranked fifth in the India Skills Report 2025, with an impressive 71% employability rate. The report highlights Kerala’s exceptional talent, workplace inclusivity, and effective education and skill development approach. While Kerala is a top performer, it is important to note that it did not top the list, as the ranking of the top state is not specified in the provided information. The report also discusses India’s global leadership in AI skills and how AI adoption is transforming workforce trends.
8.With which country has India made a significant agreement to acquire an advanced long-range early warning radar system?
India is set to finalize a significant USD 4 billion agreement with Russia to acquire an advanced long-range early warning radar system from Russia’s Voronezh radar series. This deal is aimed at enhancing India’s air defence and missile detection capabilities. It also aligns with India’s strategic focus on the “Make in India” initiative, which emphasizes domestic manufacturing and technological advancement. The agreement highlights India-Russia defence cooperation.
10.Which IIT has completed the 410-meter-long Hyperloop test track, a first-of-its-kind project in India?
IIT Madras has completed a 410-meter-long Hyperloop test track, marking a significant achievement in India’s transportation sector. This project, developed by the Avishkar Hyperloop team at IIT Madras, is part of a collaboration with Indian Railways and TuTr, a startup incubated at IIT Madras. The Hyperloop technology, proposed by Elon Musk in 2012, involves high-speed travel through low-pressure tubes, drastically reducing air resistance and friction, with the potential to reach speeds over 1,000 km/h. This test track is a step toward realizing this futuristic transportation system in India.
10.With which space agency has India collaborated for joint solar research missions involving Aditya L1 and Proba-3?
India has collaborated with the European Space Agency (ESA) for joint solar research missions involving Aditya L1 and Proba-3. The two agencies plan synchronized observations starting in 2025 to study the Sun’s corona. Aditya L1, launched by India, has been operational since January 2024 from the Lagrange point (L1), 1.5 million km from Earth. Meanwhile, Proba-3, launched by ESA in December 2024, involves two satellites flying in formation to simulate a solar eclipse and facilitate detailed studies of the Sun’s corona. The missions use instruments like VELC (Aditya L1) and ASPIICS (Proba-3) for coronagraph-based observations. This collaboration underscores the importance of international efforts in advancing solar research.
The “GI & Beyond 2024” Summit was held in New Delhi on November 25, 2024. The summit was organized by the Office of the Development Commissioner for Handlooms and the Handloom Export Promotion Council (HEPC), aiming to showcase India’s Geographical Indication (GI) tagged handloom and handicraft products to a global audience. Union Minister Giriraj Singh inaugurated the event and distributed GI certificates to artisans from various parts of India. This event highlighted the importance of GI products in the global market.
12.On which date is International Mountain Day observed?
International Mountain Day is observed every year on December 11. Established by the United Nations (UN) in 2003, the day aims to raise awareness about the critical role mountains play in our environment. It emphasizes the importance of sustainable mountain development globally. Mountains are vital for biodiversity, climate regulation, and as a source of livelihood for millions of people around the world. The day highlights their significance and the need for their preservation.
Test your knowledge with the latest quiz on current affairs from 10th December! Stay updated and challenge yourself with key events and happenings around the world.
1.On December 9, 2024, the Supreme Court of India granted a permanent commission to which officer who had been unfairly denied benefits given to her male counterparts?
On December 9, 2024, the Supreme Court of India granted a permanent commission to a woman officer in the Army Dental Corps who had been unfairly denied the benefits provided to her male counterparts. The officer, commissioned in 2008, had been denied the opportunity for a third chance to apply for a permanent commission, unlike other officers. The Court ruled that her exclusion was discriminatory and set aside the decision made by the Armed Forces Tribunal (AFT), reinforcing its commitment to promoting gender equality in the armed forces.
2.On December 7-8, 2024, which country unveiled the world’s largest gold bar, setting a new Guinness World Record?
The United Arab Emirates (UAE) unveiled the world’s largest gold bar on December 7-8, 2024, setting a new Guinness World Record. The gold bar weighed 300.12 kg (661 lb 10 oz) and was valued at approximately $25 million (₹211 crore). It was created by the Emirates Minting Factory, and the crafting process took 8 to 10 hours to complete.
3.Which state in India has seen a concerning decline in its sex ratio at birth (SRB), now at 882 females per 1,000 males, down from 894 in 2022-23?
Bihar has seen a concerning decline in its sex ratio at birth (SRB), now at 882 females per 1,000 males, down from 894 in 2022-23. This puts Bihar among the worst performers in India regarding child gender ratio. In response, the state government has taken urgent actions, including enforcing the Pre-Conception and Pre-Natal Diagnostic Techniques (PC-PNDT) Act and launching awareness campaigns to address female foeticide and promote gender equality.
4.Which insurance company initiated the Bima Sakhi Yojana, launched by Prime Minister Narendra Modi on December 8, 2024, to empower women by integrating them into the insurance sector?
The Bima Sakhi Yojana was launched by Prime Minister Narendra Modi on December 8, 2024, in Panipat, Haryana. This initiative is a transformative scheme aimed at empowering women by integrating them into the insurance sector. The scheme is spearheaded by Life Insurance Corporation (LIC), which will train and enroll women as career agents, providing them with financial independence while contributing to societal welfare.
5.Which country built the INS Tushil, a Russian-built guided missile frigate commissioned into the Indian Navy on December 8, 2024?
INS Tushil is a Russian-built guided missile frigate that was officially commissioned into the Indian Navy on December 8, 2024, at Kaliningrad, Russia. This vessel is part of India’s ongoing efforts to modernize its naval fleet and strengthen India-Russia naval cooperation. The commissioning ceremony was attended by prominent figures, including India’s Defence Minister Rajnath Singh and Chief of Naval Staff Admiral Dinesh K Tripathi. The ship’s Russian origin is a key aspect of this strategic defense collaboration between the two countries.
6.Which Indian filmmaker received a Golden Globe nomination for Best Director (Motion Picture) for her film All We Imagine As Light?
Payal Kapadia made history as the first Indian director to receive a Golden Globe nomination for Best Director (Motion Picture). Her film, All We Imagine As Light, was also nominated for Best Motion Picture (Non-English Language) at the 82nd Golden Globe Awards. These nominations reflect a significant achievement for Indian cinema, highlighting Kapadia’s exceptional talent and global recognition as a filmmaker.
7.Who has been honored as one of the Rising Star Women Leaders of Banking for 2024 by Women We Admire?
Bharati Kolli, a 43-year-old woman from Vizianagaram district, Andhra Pradesh, has been recognized as one of the Rising Star Women Leaders of Banking for 2024 by Women We Admire. This prestigious recognition acknowledges her outstanding contributions to the banking sector, especially in data management. Currently, Bharati Kolli serves as the Director of the Data Management Office at the Industrial and Commercial Bank of China (ICBC) at its New York headquarters. Her leadership and expertise in this field have earned her significant accolades, inspiring many in the banking and financial services industry.
8.In which year did the United Nations General Assembly adopt the Universal Declaration of Human Rights (UDHR)?
The Universal Declaration of Human Rights (UDHR) was adopted by the United Nations General Assembly on December 10, 1948. This landmark declaration laid down the first comprehensive global framework of human rights, asserting fundamental freedoms and rights to which every person is entitled, regardless of their race, religion, gender, or nationality. The UDHR has since served as a foundation for the promotion of human rights worldwide, with World Human Rights Day celebrated annually on December 10 to honor its adoption and reaffirm the commitment to equality, freedom, and human dignity.
10.Who became the youngest Indian to defeat a chess Grandmaster?
Aarit Kapil, a 9-year-old chess prodigy from Delhi, made history by becoming the youngest Indian to defeat a chess Grandmaster (GM). He achieved this remarkable feat during the ninth round of the KIIT International Open Tournament, where he triumphed over Raset Ziatdinov, a 66-year-old Grandmaster from the United States. Aarit accomplished this victory at the age of 9 years, 2 months, and 18 days, setting a new national record. He also became the third-youngest player globally to defeat a Grandmaster under classical time control, showcasing his immense talent and potential in the world of chess.
10.Which Indian racing driver made history by becoming the first Indian to win the FIA Formula 2 (F2) Constructors’ World Championship?
Kush Maini, an Indian racing driver, made history by becoming the first Indian to win the FIA Formula 2 (F2) Constructors’ World Championship. He secured this monumental victory with Invicta Racing, marking a remarkable achievement in the motorsport world. Earlier in the year, Maini had already made history by becoming the first Indian to claim an F2 pole position, showcasing his exceptional skills and talent. His success in the FIA Formula 2 reflects the growing presence and impact of Indian drivers in international motorsport
Test your knowledge with the latest quiz on current affairs from 8th & 9th December 2024! Stay updated and challenge yourself with key events and happenings around the world.
1.Where was the 11-ft tall statue of Sardar Vallabhbhai Patel unveiled by Union Home Minister Shri Amit Shah?
The 11-ft tall statue of Sardar Vallabhbhai Patel was unveiled by Union Home Minister Shri Amit Shah in Jodhpur, Rajasthan. The statue, weighing 1,100 kilograms and made from several metals, was placed on an 8-ft pedestal. During the unveiling ceremony, Shri Amit Shah emphasized Patel’s immense contributions to India’s unity and historical significance. This initiative is part of recognizing Patel’s legacy under the leadership of Prime Minister Narendra Modi.
2.By how much percentage did the Organisation for Economic Co-operation and Development (OECD) revise India’s economic growth forecast for FY25?
The OECD revised India’s economic growth forecast for FY25 upwards by 20 basis points (bps), which is equivalent to 0.2%. The revised growth forecast for Financial Year 2024-25 (FY25) is now 6.8%, up from the previous estimate of 6.6%. This positive revision is largely due to increased public infrastructure spending and sustained growth in private consumption.
3.Which state has the largest budget allocation for women’s cash transfers among Indian states, as per Goldman Sachs Global Research?
According to Goldman Sachs Global Research, Maharashtra has the largest budget allocation for women’s cash transfers among Indian states, with an allocation of USD 5.4 billion. This allocation represents 1.1% of the state’s GDP and is the highest among the nine Indian states with ongoing or proposed cash transfer schemes for women
4.Which payment company announced a collaboration with the Ministry of Home Affairs (MHA) and the Indian Cyber Crime Coordination Centre (I4C) to enhance cybersecurity in India’s digital payments ecosystem in December 2024?
In December 2024, Razorpay, India’s first full-stack financial solutions company, announced a collaboration with the Ministry of Home Affairs (MHA) and the Indian Cyber Crime Coordination Centre (I4C) to enhance cybersecurity in India’s digital payments ecosystem. This partnership aims to provide cybersecurity awareness to businesses and end customers across India, complementing the government’s efforts to strengthen digital infrastructure.
5.The Reserve Bank of India (RBI) has created the Secured Overnight Rupee Rate (SORR) as a new benchmark for which market?
The Reserve Bank of India (RBI) has introduced the Secured Overnight Rupee Rate (SORR) as a new benchmark specifically for the interest rate derivatives market. This initiative is aimed at enhancing the transparency, robustness, and reliability of financial benchmarks in India, aligning them with global standards. SORR will be based on actual secured money market transactions, including market repo and tri-party repo (TREPS), to reflect real market dynamics.
6.What is the name of the AI-driven tool introduced by the Reserve Bank of India (RBI) to identify and flag mule bank accounts involved in illicit financial activities?
The Reserve Bank of India (RBI) introduced MuleHunter.AI, an advanced AI-driven tool developed through its Innovation Hub (RBIH). The tool is designed to identify and flag mule bank accounts that are linked to illicit financial activities, such as money laundering. This initiative aims to enhance the detection and prevention of online financial fraud, which accounts for a significant portion of cybercrime cases in India.
7.How much did India’s billionaire count increase in 2024 according to the UBS Billionaire Ambitions Report?
According to the UBS Billionaire Ambitions Report, India’s billionaire count in 2024 reached 185, reflecting a 20% increase from 153 in 2023. This growth has solidified India’s position as the third-largest billionaire hub globally, following the United States and China.
8.India has secured which spot globally in corporate climate action according to the Science-Based Target Initiative (SBTI)?
India has secured the 6th spot globally in corporate climate action, with 127 companies committing to net-zero targets under the Science-Based Target Initiative (SBTI). This signifies an increasing awareness among Indian corporations regarding climate change, though high-emission sectors like power, energy, and cement still have room for improvement in adopting such goals.
10.The Karmaveer Chakra Awards for 2024-25 were presented during the 13th edition of REX ConcLIVE. Who were the recipients of these awards?
A) Politicians who contributed to global peace
B) Individuals who made remarkable contributions to societal change
Answer Key: B) Individuals who made remarkable contributions to societal change
Explanation:
The Karmaveer Chakra Awards for 2024-25 were presented to individuals who have made remarkable contributions to societal change through innovation and positive impact. The awards were given during the 13th edition of REX ConcLIVE, held on 25th-26th November 2024 in Noida, Uttar Pradesh.
10.Who has been appointed as the acting secretary of the Board of Control for Cricket in India (BCCI)?
Devajit Saikia, a former cricketer from Assam, has been appointed as the acting secretary of the Board of Control for Cricket in India (BCCI). This appointment fills the vacancy left by Jay Shah, who transitioned to the role of International Cricket Council (ICC) chairman. The decision was made by BCCI president Roger Binny, and Saikia’s appointment is considered temporary until a permanent secretary is appointed as per the BCCI’s constitution.
11.Who has been appointed as the Brand Ambassador of RBL Bank Limited in November 2024?
In November 2024, RBL Bank Limited (formerly Ratnakar Bank Limited) appointed D Gukesh, the Indian Chess Grandmaster, as its Brand Ambassador. Gukesh is known for his exceptional performance in international chess tournaments, and his appointment reflects the bank’s commitment to promoting talent and intellectual excellence.
12.Which company was ranked as the top global arms producer in the SIPRI Report 2023?
According to the SIPRI Report 2023, Lockheed Martin (USA) was ranked as the top global arms producer with a revenue of USD 60.81 billion. This was the highest among all companies listed in the report, underscoring its dominance in the global defense industry.
13.For which mission have the Indian astronauts Group Captain Shubhanshu Shukla and Group Captain Prasanth Balakrishnan Nair been selected?
The two Indian astronauts, Group Captain Shubhanshu Shukla (prime) and Group Captain Prasanth Balakrishnan Nair (backup), have been selected for the upcoming Axiom Mission 4 (Ax-4) to the International Space Station (ISS). This mission is a part of India’s participation in space exploration, with these astronauts referred to as Gaganyatris. The initial training phase for both astronauts was successfully completed in November 2024, and they are undergoing further preparations for the mission.
14.Which country won the Bangladesh U-19 Asia Cup title in 2024?
In the thrilling final of the 2024 Bangladesh U-19 Asia Cup, Bangladesh successfully retained their title by defeating India by 59 runs. Despite early breakthroughs by India’s bowlers, Bangladesh’s middle-order performances set a challenging target of 199 runs. India was unable to chase the target and was bowled out for 139 in 35.2 overs, handing Bangladesh the victory. This triumph marked Bangladesh’s continued success in the U-19 Asia Cup.
15.Who won the Abu Dhabi Grand Prix in 2024, securing McLaren’s first Constructors’ Championship since 1998?
In the dramatic 2024 Abu Dhabi Grand Prix, Lando Norris claimed victory, which was crucial in helping McLaren win their first Constructors’ Championship since 1998. The race was filled with incidents, penalties, and emotional moments as drivers fought fiercely, but Norris’ stellar performance at the season finale ensured McLaren’s success. His win marked a significant milestone for the team and solidified his place in Formula 1 history.
16.Who won the 2024 Formula 1 Qatar Grand Prix held at the Lusail International Circuit?
Max Verstappen of Red Bull won the 2024 Formula 1 Qatar Grand Prix held at the Lusail International Circuit in Qatar. This victory marked his 9th win of the season and the 63rd of his career, further cementing his dominance in the 2024 season. Verstappen’s consistent performance has been a key factor in his success in the F1 championship.
17.The book ‘Loh Purush Sardar Vallabhbhai Patel Ka Jeevanvrit’, released by Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu, provides an in-depth exploration of which historical figure?
The book ‘Loh Purush Sardar Vallabhbhai Patel Ka Jeevanvrit’ was authored by Rakesh Kumar Sharma and released by Sukhvinder Singh Sukhu, the Chief Minister of Himachal Pradesh, in November 2024. The book delves into the life and contributions of Sardar Vallabhbhai Patel, one of India’s most prominent leaders, known for his crucial role in the freedom struggle and his pivotal contribution to the nation’s unity and integration post-independence.
18.International Anti-Corruption Day is observed globally on which date each year?
International Anti-Corruption Day is observed on December 9 each year. The day is dedicated to raising awareness about the harmful effects of corruption and promoting the values of transparency, accountability, and integrity in governance and society. The observance encourages individuals, governments, and organizations to take action against corruption and work towards fostering more honest and equitable societies.
Test your knowledge with the latest quiz on current affairs from 7th December! Stay updated and challenge yourself with key events and happenings around the world.
1.The Bharatiya Vayuyan Vidheyak, 2024, replaces which of the following acts?
The Bharatiya Vayuyan Vidheyak, 2024, replaces the Aircraft Act of 1934, which had been in place for 90 years. This new bill aims to streamline aviation regulations in India, aligning them with international standards while fostering growth and self-reliance in the sector.
2.How much did the Sex Ratio at Birth (SRB) improve under the Beti Bachao Beti Padhao (BBBP) scheme?
The Sex Ratio at Birth (SRB) improved from 918 in 2014-15 to 930 in 2023-24 as per the Health Management Information System (HMIS) data. This improvement is a significant achievement under the Beti Bachao Beti Padhao (BBBP) scheme, which aims to address gender inequality and promote the protection and education of the girl child.
3.On which day was the bust of Mahatma Gandhi unveiled at the Nebraska State Capitol in 2024?
The bust of Mahatma Gandhi was unveiled at the Nebraska State Capitol on December 6, 2024. This day was declared as “A Day of Remembrance for Mahatma Gandhi” by Nebraska Governor Jim Pillen to honor Gandhi’s principles of non-violence, tolerance, and justice. The event showcased cultural understanding and the strong partnership between the Indian Consulate in Seattle and the Governor’s Office in Nebraska.
4.As per which bank’s report, India’s GDP growth is expected to drop below 6.5% for FY 2024-25 due to slowed growth in Q2FY25?
The report forecasting a decline in India’s GDP growth to below 6.5% for FY 2024-25 (FY25) was released by the Economic Research Department (ERD) of the State Bank of India (SBI) on 29th November 2024. The report highlighted that GDP growth in Q2FY25 (July-September) slowed to 5.4%, primarily due to sluggish growth in the industry sector, which decelerated to a 6-quarter low of 3.6%. This marked the first time in 7 quarters that GDP growth fell below 6.0%.
5.What change did the Reserve Bank of India (RBI) make to support economic growth as part of its monetary policy updates?
Answer Key: B) Reduced the Cash Reserve Ratio (CRR)
Explanation:
As part of its monetary policy updates, the RBI, led by Governor Shaktikanta Das, decided to reduce the Cash Reserve Ratio (CRR). This move aims to inject liquidity into the economy, thereby supporting economic growth. The key interest rate was left unchanged due to ongoing inflation risks. By lowering the CRR, banks are required to hold a smaller portion of their deposits as reserves with the RBI, enabling them to lend more, which stimulates economic activity.
6.By how much did India’s gold reserves surge in October 2024, according to the World Gold Council (WGC) data?
As per the World Gold Council (WGC) data, India’s gold reserves surged to 882 tonnes in October 2024. This increase was driven by the Reserve Bank of India’s (RBI) addition of 27 tonnes of gold during this period. It marks a remarkable five-fold increase in gold purchases compared to the same period in 2023, with the RBI purchasing 77 tonnes of gold from January to October 2024. This surge underlines India’s significant contribution to the global gold demand, as central banks worldwide collectively bought 60 tonnes of gold in October, with the RBI leading the trend.
7.For customers of what age group has Federal Bank Limited launched the ‘Esteem Savings Account’ scheme?
Federal Bank Limited, headquartered in Aluva, Kerala, launched the ‘Esteem Savings Account’, a specially designed account to meet the financial needs of customers aged 55 years and above. The account provides a range of exclusive benefits, including free yearly health check-ups, hospital cash facilities, and doctor-on-call services, along with airport lounge access and discounts on health and elder care services. It also extends complimentary zero balance accounts for the spouse and two grandchildren, as well as no fees on commonly used banking services like debit card issuance and NEFT/RTGS transfers. This initiative specifically caters to the diverse and evolving financial requirements of senior customers.
8.Who has been reappointed as the Director General (DG) of the World Trade Organization (WTO) for a consecutive four-year term in November 2024?
In November 2024, the World Trade Organization (WTO) General Council unanimously reappointed Ngozi Okonjo-Iweala for a second consecutive four-year term. Her second term as DG will begin on September 1, 2025, after the conclusion of her first term on August 31, 2025. Ngozi Okonjo-Iweala made history in March 2021 by becoming the first woman and the first African to lead the WTO, further solidifying her legacy as a trailblazer in international trade and governance.
10.What was the decline in India’s unemployment rate from 2017 to 2024, as per the latest Annual Periodic Labour Force Survey (PLFS) data?
India’s unemployment rate saw a significant reduction from 6% in 2017 to 3.2% in 2024, as reported by the Annual Periodic Labour Force Survey (PLFS). This improvement reflects robust job creation over the years, overcoming challenges such as the COVID-19 pandemic. The substantial decline signifies a positive trend in the country’s economic and employment growth, marking a move away from earlier concerns about “jobless growth.” This progress was accompanied by an increase in the Worker Population Ratio (WPR) from 46.8% to 58.2%, underscoring the nation’s efforts toward enhanced employment opportunities
10.Which country has been named to chair the 68th Session of the UN Commission on Narcotic Drugs (CND)?
India has achieved a historic milestone by being named to chair the 68th Session of the UN Commission on Narcotic Drugs (CND). This marks the first time the country has taken on this prestigious role. Ambassador Shambhu S Kumaran, India’s Permanent Representative to the United Nations in Vienna, assumed the chairmanship, signifying India’s growing influence in international policy-making forums. The CND is a critical body of the UN that focuses on addressing global drug-related challenges and fostering international cooperation on drug control strategies. India’s leadership reflects its commitment to combating drug abuse and enhancing global collaboration on narcotics regulation.
11.When was Armed Forces Flag Day first observed in India?
Armed Forces Flag Day was first observed on December 7, 1949. Initiated under the Ministry of Defence, this day aims to honor the sacrifices and dedication of Indian Armed Forces personnel, including the Army, Navy, and Air Force. The event was introduced to raise funds for the welfare of armed forces personnel, veterans, and their families by distributing symbolic flags, fostering public awareness and gratitude for the nation’s protectors. This tradition has continued annually, reflecting the country’s respect and support for its military forces
12.On which day has the UN General Assembly declared World Meditation Day?
The UN General Assembly (UNGA) has declared December 21 as World Meditation Day. The date coincides with the Winter Solstice, which holds significance in Indian tradition as a time for reflection and spiritual growth. This day was chosen to promote comprehensive well-being, inner peace, and resilience against modern challenges such as stress and anxiety. The initiative was co-sponsored by India and supported by countries like Liechtenstein, Sri Lanka, Nepal, Mexico, and Andorra. This observance complements the International Day of Yoga celebrated on June 21 (the Summer Solstice), underlining India’s global leadership in wellness practices.
13.Which organization established International Civil Aviation Day (ICAD)?
A) World Health Organization (WHO)
B) United Nations General Assembly (UNGA)
C) International Civil Aviation Organization (ICAO)
Answer Key: B) United Nations General Assembly (UNGA)
Explanation:
International Civil Aviation Day (ICAD) was established by the United Nations General Assembly (UNGA) in 1996 to recognize the importance of civil aviation in global development. This day highlights the contributions of aviation in fostering economic growth, cultural exchange, and global connectivity. While the International Civil Aviation Organization (ICAO) is the specialized UN agency for civil aviation, it was the UNGA that formally proclaimed December 7 as ICAD
14.Who passed away in November 2024, renowned as a Malayalam playwright and Kendra Sahitya Akademi awardee?
Professor Omchery N.N. Pillai, a renowned Malayalam playwright and writer, passed away in November 2024 at the age of 100 in New Delhi. He was a recipient of the Kendra Sahitya Akademi Award, a prestigious honor for his contributions to literature. Born on February 1, 1924, in Kottayam, Kerala, his death marked the end of a significant era in Malayalam literature.
Title: No panacea: On benefits, politics and welfare
Ever since the use of direct cash transfers to eligible beneficiaries as a welfare measure gained prominence following the Congress party’s ploy of announcing “election guarantees”, other parties and ruling governments have sought to adopt this as a way of retaining their support among constituents. The ‘Ladki Bahin’ and ‘Ladli Behna’ schemes in Maharashtra and Madhya Pradesh have been seen as reasons for the success of the ruling fronts/parties in retaining power, while the regime in Tamil Nadu instituted the ‘Kalaignar Magalir Urimai Thogai’ to shore up support beyond traditional adherents of the ruling party. The Aam Aadmi Party (AAP) in Delhi has never shied away from comprehensive welfare benefits to retain support, now promising ₹2,100 a month to women under the proposed ‘Mukhyamantri Mahila Samman Yojana’. There is a case for direct cash transfers to the needy and women from indigent families — they are in a way a recompense for the unpaid nature of work done by women as family members. While these amounts may not be high in an era characterised by inflation, that women can utilise the money without having to depend upon the family “head” in a largely patriarchal society, provides them with a disposable sum that is also fungible in the way it can be used for essentials or for savings. The benefits also accord a certain dignity to the women who are generally unemployed in the market, but who still provide labour — as domestic work or informal labour. It is no wonder that such schemes are popular in the States where they are being implemented.
Yet, these cash transfers are not a substitute for comprehensive welfare, where the state plays a role in creating employment and supports demand-driven growth. In Maharashtra and Madhya Pradesh, there has been a stagnation in employment generation, albeit of different orders. Maharashtra, one of India’s most industrialised and urbanised States, has been experiencing a relative stagnation in economic growth and employment creation compared to previous decades. There is also a clear regional and economic inequality while Madhya Pradesh remains one of India’s relatively poor States and lacks in diversity of employment options. While the ruling parties reaped the benefit of support over populist schemes, the reality is that they are little more than a balm as compared to effective economic policies that will generate employment, diversify the economy and provide greater opportunities. As for AAP, it did a far better job in focusing on primary health and education in its earlier terms. The fact that it is trying to emulate the BJP’s and its allies’ benefit schemes for women suggests that it is running out of ideas to provide a better vision for the Delhi metropolis.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
Beneficiaries
Beneficiaries are individuals, groups, or entities that receive advantages, benefits, or gains from something, such as a policy, program, inheritance, or charitable act.
RecipientsHeirsBenefactorsDesignees
DonorsGiversSponsorsGrantors
Adherents
Adherents are individuals who support, follow, or uphold the beliefs, principles, or practices of a particular group, organization, or ideology.
FollowersSupportersDevoteesDisciples
OpponentsCriticsDetractorsProtesters
Stagnation
Stagnation refers to a state of inactivity, lack of growth, or progress, often resulting in stagnancy or dullness. It can apply to various contexts, such as the economy, personal development, or physical conditions.
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National news
Union Minister Pralhad Joshi Launches Rs 1,000 Crore Credit Guarantee Scheme for e-NWR Based Pledge Financing to Support Farmers
On December, 2024, Union Minister Pralhad Joshi, who holds the portfolios of Ministry of Consumer Affairs, Food and Public Distribution (MoCAF&PD) and Ministry of New & Renewable Energy (MON&RE), launched the Credit Guarantee Scheme (CGS) for electronic-Negotiable Warehouse Receipts (e-NWR) based Pledge Financing (CGS-NPF) in New Delhi. The initiative is aimed at providing a Rs 1,000 crore corpus to support post-harvest financing for farmers in India.
Key Features of the Scheme: e-NWR Based Financing: The scheme enables farmers to access credit by depositing their agricultural produce in Warehousing Development and Regulatory Authority (WDRA) accredited warehouses, with the produce backed by e-NWRs.
Loan Amounts:
Rs 75 lakh for agricultural purposes.
Rs 2 crore (Rs 200 lakh) for non-agricultural purposes.
Guarantee Fees:
0.4% per annum for farmers.
1% per annum for non-farmers.
About Ministry of Consumer Affairs, Food & Public Distribution (MoCAF&PD):
Union Minister: Pralhad Joshi (Constituency: Dharwad, Karnataka).
India’s Mineral and Non-Ferrous Metal Production Shows Strong Growth in FY 2024-25: Key Data from Ministry of Mines
As per the Ministry of Mines (MoM) data released at the end of 2024, India’s key mineral production, including Mineral Conservation and Development Rules (MCDR) and Non-Ferrous Metal Production, saw significant growth in the first seven months of FY 2024-25 (April-October), continuing the strong performance from FY 2023-24.
Key MCDR Mineral Production (FY 2024-25):
Iron Ore:
Contribution: 69% of the total MCDR mineral production by value in FY 2023-24.
Production: 274 million metric tonnes (MMT) in FY 2023-24.
Growth in FY 2024-25:Increased by 4.1% to 158.4 MMT during April-October FY 2024-25, compared to 152.1 MMT in the same period of FY 2023-24.
Manganese Ore: Production Growth: Increased by 11.1% to 2.0 MMT in April-October FY 2024-25, compared to 1.8 MMT during the same period of FY 2023-24.
Bauxite: Production Growth: Increased by 11.3% to 13.8 MMT during April-October FY 2024-25, compared to 12.4 MMT in FY 2023-24 (April-October).
Key Non-Ferrous Metal Production (FY 2024-25):
Aluminium: Growth: Increased by 1.2% to 24.46 lakh tonnes (LT) in April-October FY 2024-25, up from 24.17 LT in the same period of FY 2023-24.
Refined Copper: Growth: Increased by 6.0%, rising from 2.83 LT to 3.00 LT in April-October FY 2024-25.
India’s Global Position Among Top Producers:
Aluminium: India is the second-largest producer globally, after China.
Refined Copper: India ranks 4th among the top producers, following Chile and Peru.
Iron Ore: India is the 4th largest producer, behind Australia, Brazil, and China.
HM Amit Shah chairs 72nd Plenary meeting of NEC at Agartala
The 72nd plenary session of the North Eastern Council (NEC) was chaired by Union Home Minister and Minister of Cooperation, Amit Shah, on 21 December 2024, in Agartala, Tripura.
Key Highlights:
Previous Plenary in Agartala: The last NEC plenary in Agartala was held in 2008.
Meeting Frequency: As per the North Eastern Council Act, 1971 (amended in 2002), the Council meets at least twice a year.
Pre-Plenary Technical Session: Held on 20 December 2024, where central ministries presented their developmental agendas for the northeastern region.
Plenary Discussions: Focused on regional development agendas proposed in the pre-plenary session.
Attendees:
The session included:
Union Ministers:
Amit Shah (Chairman)
Jyotiraditya Scindia, Union Minister for Development of North Eastern Region (DoNER)
Sukanta Majumder, Union Minister of State for DoNER
Governors and Chief Ministers of all eight northeastern states:
Manik Saha (Tripura)
Himanta Biswa Sarma (Assam)
Pema Khandu (Arunachal Pradesh)
N. Biren Singh (Manipur)
Lalduhoma (Mizoram)
Neiphiu Rio (Nagaland)
Prem Singh Tamang (Sikkim)
About the North Eastern Council (NEC)
Establishment and Composition:
Inception: Set up under the North Eastern Council Act, 1971, and inaugurated by Prime Minister Indira Gandhi on 7 November 1972 in Shillong, Meghalaya.
Original Members: Assam, Meghalaya, Tripura, Arunachal Pradesh, Nagaland, and Mizoram.
Amendment (2002): Sikkim became the eighth member.
Composition: Governors and Chief Ministers of the eight northeastern states.
Three members nominated by the President of India.
Chairman: Union Home Minister (nominated by the President).
Functions of the NEC: Advisory Role: Provides recommendations that are not binding on the central or state governments.
Regional Planning:
Develops regional plans benefiting at least two northeastern states.
Reviews and recommends measures to enhance inter-state coordination for efficient implementation of development plans.
The 72nd plenary session reaffirms the central government’s commitment to fostering regional development and cooperative governance in the northeastern states of India.
Tirupura:
Capital: Agartala
Chief minister: Manik Saha
Governor: N. Indrasena Reddy
International news
24th BIMSTEC Senior Officials Meeting (SOM)
India participated in the 24th BIMSTEC Senior Officials Meeting (SOM), hosted virtually by Thailand on December 20, 2024. Jaideep Mazumdar, Secretary (East) from the Ministry of External Affairs (MEA), represented India during this important session. The meeting reviewed the progress made by BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) since the last SOM in March 2023 and discussed key areas of regional cooperation. Various documents and new mechanisms of cooperation were finalized, and preparations for the upcoming 6th BIMSTEC Summit were also discussed.
Key Highlights of the Meeting
1. Review of Progress
The officials assessed progress since the previous SOM held in March 2023.
Focus on regional initiatives and cooperation mechanisms.
2. Priority Areas Discussed
Sustainable Development
Regional Connectivity
Security
People-to-People Exchanges
3. Finalization of Documents
Action Plans for regional cooperation.
Mechanisms for collaboration with external partners.
4. Upcoming 6th BIMSTEC Summit
Preparations for the 6th BIMSTEC Summit were deliberated.
India’s Role and Vision
Reiteration of Commitment: Emphasis on a vibrant and prosperous BIMSTEC region.
Alignment with Policies:
Neighbourhood First Policy
Vision SAGAR (Security and Growth for All in the Region)
Act East Policy
Future Cooperation:
Maritime and digital connectivity.
Health, food security, and energy.
Trade, investment, and skill development.
People-to-people ties and development of BIMSTEC Centres of Excellence.
Regional Significance
Chair: Thailand’s Deputy Permanent Secretary for Foreign Affairs, Paisan Rupanichkij.
Reinforced BIMSTEC’s role as a platform for regional development and collaboration among Bay of Bengal nations.
Banking news
RBI Grants Full Authorisation to ISG Limited as Payment Aggregator to Enhance Digital Payment Solutions
In December 2024, the Reserve Bank of India (RBI) granted full authorisation to In-Solutions Global (ISG) Limited as a Payment Aggregator (PA). This Mumbai-based fintech company, supported by JP Morgan Chase & Co., can now enhance digital payment services for merchants across various sectors.
Key Highlights of the RBI’s Authorisation to ISG:
Empowerment: ISG can now offer secure, efficient, and reliable digital payment solutions, benefiting businesses and promoting financial inclusion.
Pre-existing Capabilities: In addition to the new authorisation, ISG already holds a Prepaid Payment Instrument (PPI) license, expanding its scope of services.
Comprehensive Payment Services: ISG can now facilitate online transactions, retail payments, transit systems, and more, providing a wide array of payment solutions for its clients.
What is a Payment Aggregator (PA)?
A Payment Aggregator (PA) is a third-party service provider that connects businesses, customers, and financial institutions to enable online payments. It helps businesses accept payments from customers while ensuring seamless, secure transactions.
This authorisation will significantly strengthen ISG’s ability to contribute to India’s growing digital payments ecosystem.
World Bank Approves USD 325.10 Million Loan for Uttar Pradesh Agriculture Growth and Rural Enterprise Ecosystem Strengthening Project
RBI:
Founded: 1 April 1935, Kolkata
Governor: Incumbent Sanjay Malhotra
Tata Power and Canara Bank Partner for Rooftop Solar Loans
Tata Power Renewable Energy, in partnership with Canara Bank, has launched a financing initiative under the PM Surya Ghar Scheme to promote affordable rooftop solar installations in India. The collaboration aligns with the government’s renewable energy targets and aims to simplify access to clean energy for residential customers.
Key Features of the Partnership
Loan Offers
For Solar Systems Up to 3 kW
Loan Amount: Up to ₹2 lakh
Interest Rate: 7% per annum
Margin: 10%
Repayment Period: 10 years
Collateral: Not required
For Solar Systems Between 3 kW and 10 kW
Loan Amount: Up to ₹6 lakh
Interest Rate: 10% per annum
Margin: 20%
Repayment Period: 10 years
Collateral: Not required
Government Subsidy
Up to 60% Subsidy: For systems with capacities up to 2 kW
40% Subsidy: For systems between 2 kW and 3 kW (subsidy capped at 3 kW)
Benefits of the Collaboration
Affordable Solar Installations: Eliminates high upfront costs through accessible financing.
Supports Renewable Energy Goals: Aligns with India’s target of achieving 500 GW of installed renewable capacity by 2030.
Encourages Residential Adoption: Helps households transition to clean energy.
Tata Power Renewable Energy: Capacity Snapshot
Total Renewable Capacity: 10.9 GW
Under Development: 5.5 GW
Operational: 5.4 GW (4.4 GW solar, 1 GW wind)
India’s Renewable Energy Vision
Focus on solar power as a key driver of renewable energy growth.
Initiatives like the PM Surya Ghar Scheme encourage decentralized solar adoption, helping India transition toward a sustainable energy future.
This collaboration underscores the commitment of both Tata Power and Canara Bank to advancing clean energy solutions, fostering economic and environmental sustainability.
Canara bank:
Founder: Ammembal Subba Rao Pai
Headquarters: Bengaluru
CEO: K. Satyanarayana Raju (7 Feb 2023–)
Founded: 1 July 1906
RBI Fines Manappuram Finance and IndusInd Bank for Non-Compliance
The Reserve Bank of India (RBI) has imposed penalties on IndusInd Bank and Manappuram Finance for failing to comply with regulatory norms. The penalties followed statutory inspections reviewing their financial positions as of March 31, 2023.
Key Details
Penalty on IndusInd Bank
Amount: ₹27.3 lakh
Violation: Opening savings deposit accounts for ineligible entities.
Reason: Deficiencies in regulatory compliance, uncovered during inspections.
Note:The penalty does not invalidate transactions or agreements between the bank and its customers.
Penalty on Manappuram Finance
Amount: ₹20 lakh
Violations:
Failure to verify customers’ PAN during customer onboarding.
Assigning multiple Identification Codes to some customers instead of adhering to the Unique Customer Identification Code (UCIC) requirement.
Significance
The penalties reflect the RBI’s focus on maintaining strict compliance with regulatory norms to ensure customer protection and system integrity.
Both institutions are expected to address the identified lapses to avoid further non-compliance.
This enforcement action emphasizes the importance of adhering to regulatory frameworks in the banking and non-banking financial sectors.
Indusland bank:
Headquarters: Mumbai
Founder: S. P. Hinduja
CEO: Sumant Kathpalia (24 Mar 2020–)
Founded: April 1994, Mumbai
ICICI Bank and Times Internet Launch ‘Times Black ICICI Bank Credit Card’
ICICI Bank, in collaboration with Times Internet, has launched the ‘Times Black ICICI Bank Credit Card,’ a super-premium co-branded credit card targeting high-net-worth individuals (HNIs) in India. The card aims to offer an exclusive, luxury experience, combining unique design elements and a host of premium benefits for the affluent customer segment. Powered by Visa, it provides a range of perks designed for sophisticated lifestyles.
Key Features and Benefits
Target Audience: High-net-worth individuals (HNIs), professionals, and affluent customers.
Card Design: Unique metallic design featuring historic printing plates from The Times of India, symbolizing a fusion of tradition and innovation.
Exclusive Benefits
Unlimited access to over 1,300 global airport lounges.
Visa services at home for added convenience.
Access to ‘The Quorum Club’, an exclusive space for premium members.
Rewards Program
International Transactions: 2.5% reward points on international purchases.
Domestic Transactions: 2% reward points on domestic purchases.
Milestone Rewards
Helicopter rides, airport transfers, and complimentary stays at luxury resorts.
₹10,000 e-commerce gift card.
Collaboration Highlights
ICICI Bank: Rakesh Jha, Executive Director, emphasized the bank’s customer-centric approach in launching this premium product.
Times Internet: Satyan Gajwani highlighted that the card aims to redefine luxury for India’s affluent customers.
Visa: Sandeep Ghosh emphasized that the card leverages global payments expertise, targeting India’s influential customer base.
ICIC bank:
Founded: 1994, Vadodara
Headquarters: Mumbai
CEO: Sandeep Bakhshi (15 Oct 2018–)
Appointment news
Suman Berry Appointed Chairman of Economic Advisory Council to the Prime Minister, Succeeds Late Bibek Debroy
On December 2024, Suman Berry, the Vice Chairman (VC) of the National Institute for Transforming India (NITI Aayog), was appointed as the Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) with additional charge. He succeeded Bibek Debroy, who passed away on November 1, 2024. Debroy was a prominent economic adviser to the Prime Minister and made significant contributions to economic theory, income inequality, and infrastructure financing.
About the Economic Advisory Council to the Prime Minister (EAC-PM):
EAC-PM is an independent body established to provide advice on economic and related matters to the Government of India, particularly to the Prime Minister.
Current Members (2024):
Chairman: Suman Berry
Members: Sanjeev Sanyal, Shamika Ravi
Part-Time Members: Rakesh Mohan, Dr. Sajjid Chinoy, Dr. Neelkanth Mishra, Nilesh Shah, Professor T.T. Ram Mohan, Dr. Poonam Gupta
About NITI Aayog:
Chief Executive Officer (CEO): B.V.R. Subramanyam
Chairman: Prime Minister Narendra Modi
Headquarters: New Delhi, Delhi
Established: 2015
Justice Manmohan Sworn in as Supreme Court Judge, Appointed by President Under Article 124(2)
Justice Manmohan was sworn in as a Judge of the Supreme Court of India on December 2024. He was appointed under Article 124(2) of the Constitution of India. Justice Manmohan, born on December 17, 1962, in Delhi, brings extensive legal experience to the Supreme Court.
Key Details:
The Supreme Court now has 33 working judges, with a sanctioned strength of 34.
Chief Justice of India (CJI) Sanjiv Khanna administered the oath of office.
Justice Manmohan was appointed following the recommendation of the Collegium, a group of senior judges led by the CJI.
About Justice Manmohan:
Permanent Judge of the Delhi High Court since December 17, 2009.
Served as Acting Chief Justice of the Delhi High Court from November 9, 2023.
Became the full-time Chief Justice of the Delhi High Court from September 29, 2024.
Supreme Court Judge Appointment Process: Supreme Court Judges are appointed by the President of India based on the recommendation of the Collegium. The Collegium consists of the Chief Justice of India and other senior judges from the Supreme Court.
Ranks and reports news
Radhakishan Damani Tops Hurun India’s 2024 List of Top 200 Self-Made Entrepreneurs, with 44% Growth
On December , 2024, Hurun India, in partnership with IDFC First Bank Limited, released the 2nd edition of ‘India’s Top 200 Self-made Entrepreneurs of the Millennia 2024’. According to the report, Radhakishan Shivkishan Damani, the founder of Avenue Supermarkets Limited (DMart), has topped the list for the second consecutive year, with a valuation of Rs 3.4 lakh crore, reflecting a growth of 44%.
Key Highlights:
Deepinder Goyal, CEO of Zomato Media Private Limited, ranks second, moving up from third place in 2023. His net worth has surged by 190%, reaching over Rs 2.5 lakh crore.
Sriharsha Majety and Nandan Reddy, founders of Swiggy Private Limited, hold the third position, with a combined net worth of Rs 1.01 lakh crore.
The combined value of all companies on the list has risen to Rs 36 lakh crore (US$431 billion), marking a 20% increase compared to the previous year.
About Hurun Report Inc.:
Hurun Report is a renowned research, luxury publishing, and events group, founded in 1998 in London. Hurun India was established in 2012.
CEO: Rupert Hoogewerf
MD and Chief Researcher (Hurun India): Anas Rahman Junaid
Headquarters: Mumbai, Maharashtra
Defence news
Indian Army Receives Second Batch of Nagastra-1 Loitering Munitions Under Rs 2.12 Billion Contract
In December 2024, the Indian Army (IA) received the second batch of 360 loitering munitions, named ‘Nagastra-1’, from Economic Explosives Limited (EEL), a subsidiary of Solar Industries India Limited (SLIN), based in Nagpur, Maharashtra. The contract, signed in April 2023, was valued at Rs 2.12 billion (approximately USD 25 million).
Key Features of Nagastra-1:
Type: It is a lightweight, UAV-based, man-portable weapon designed for precision strikes, particularly in counter-insurgency and urban warfare.
Guidance System: It has a GPS-guided system with a strike accuracy of just 2 meters (ideal for surgical strikes).
Weight: The munition weighs 30 kg.
Warhead: Equipped with a 1-kg high-explosive fragmentation warhead for neutralizing soft targets.
Range and Endurance:
15 km during remote control operations.
30 km during autonomous flight.
Endurance of 60 minutes.
Reconnaissance: It features a day/night camera for surveillance and a parachute recovery system for safe recovery if the flight is aborted.
Indigenous Development:
Over 75% of the Nagastra-1’s components are indigenous.
The system underwent rigorous testing and inspection before being delivered to the Indian Army.
Other Key Developments:
SLIN’s Future Plans: Medium Altitude Long Endurance (MALE) drones are under development, aimed at fulfilling the Indian Army’s surveillance needs at a lower cost.
The Indian Army is planning to acquire 97 MALE drones.
Export Orders: SLIN has secured export orders worth Rs 2,039 crore for advanced defense products, expected to be delivered over the next four years.
About Solar Industries India Limited (SLIN):
Chairman: Satyanarayan Nuwal
Headquarters: Nagpur, Maharashtra
Established: 1995
MoD Sign Rs 7628.70 crore Deal to Buy K9 VAJRA Artillery Guns from L&T
The Union Ministry of Defence (MoD) has signed a contract with Larsen and Toubro (L&T) for the procurement of 100 K9 Vajra-T Self-Propelled Tracked Artillery Guns for the Indian Army at a cost of ₹7,628.70 crore.
Key Highlights
Second Deal: This is the second contract for K9 Vajra-T artillery guns with L&T. The first deal was signed in 2017 for ₹4,366 crore to procure 100 guns.
Cabinet Approval: The Cabinet Committee on Security (CCS), chaired by Prime Minister Narendra Modi, approved the purchase of these additional guns during its meeting on 12 December 2024.
Indigenization: The deal aligns with the Indian government’s focus on boosting the indigenous defence ecosystem under the “Aatmanirbhar Bharat” initiative.
About the K9 Vajra-T Artillery Guns
Development and Production
Origin: The K9 Vajra-T is an indigenous version of the South Korean K9 Thunder Mobile Howitzer, developed by Samsung Techwin (now known as Hanwha Defence).
Modification: It has been modified to meet the specific operational requirements of the Indian Army.
Manufacturing:
The guns are co-produced by Larsen and Toubro Heavy Engineering and Hanwha Defence.
Production is carried out at L&T’s plant in Talegaon, Pune, Maharashtra.
Historical Significance: The K9 Vajra-T is the first artillery gun produced by an Indian private company for the Indian Army.
Note: Union Minister of Defence Mr. Rajnath Singh
State news
UP & Manipur sign MoU for implementation of Ek Bharat Shreshtha Bharat
Uttar Pradesh (UP) and Manipur have signed a Memorandum of Understanding (MoU) to implement the Ek Bharat Shreshtha Bharat (EBSB) programme as paired states.
Key Details of the MoU
Signing Location: The agreement was signed in Lucknow, Uttar Pradesh, in December 2024.
Duration:
The MoU is valid for three years from the date of signing.
It can be extended for another three years with the mutual consent of both states.
Previous Pairings:
Uttar Pradesh: Manipur is the third state to sign an MoU with UP under the EBSB programme. Earlier partnerships included Arunachal Pradesh and Meghalaya.
Manipur: This is Manipur’s second partnership under EBSB, the first being with Madhya Pradesh.
About the Ek Bharat Shreshtha Bharat Programme
Announcement and Vision
Announced by Prime Minister Narendra Modi on 31st October 2015 to commemorate the 140th birth anniversary of Sardar Vallabhbhai Patel.
Objective: To promote unity in diversity and foster cultural exchange among states, enhancing national integration.
Programme Features
Pairing of States/Union Territories (UTs): States/UTs are paired for a specific duration, fostering engagement through:
Cultural events and festivals
Language and literature
Cuisine and tourism
Customs and traditions
Activities: Structured events aim to create mutual understanding and celebrate shared heritage.
Objectives of Ek Bharat Shreshtha Bharat
Celebrate Unity in Diversity and strengthen emotional bonds.
Promote national integration through sustained and structured engagements.
Showcase the rich heritage and culture of the paired states, fostering a shared identity.
Enable learning and sharing of best practices among states.
Nodal Ministry
The Union Ministry of Education is the nodal ministry responsible for coordinating the EBSB programme.
State/UT
Paired States/UTs
Bihar
Tripura and Mizoram
Uttar Pradesh
Manipur, Meghalaya, Arunachal Pradesh
Uttarakhand
Karnataka
Gujarat
Chhattisgarh
Tamil Nadu
Jammu & Kashmir and Ladakh
Madhya Pradesh
Manipur and Nagaland
Himachal Pradesh
Kerala
Maharashtra
Odisha
Punjab
Andhra Pradesh
Goa
Jharkhand
Lakshadweep
Andaman and Nicobar Islands
Haryana
Telangana
Rajasthan
Assam
Delhi
Sikkim
Chandigarh and Puducherry
Dadra Nagar Haveli and Daman and Diu
Uttar Pradesh:
Capital: Lucknow (Executive Branch)
Chief minister: Yogi Adityanath
Governor: Anandiben Patel
World Bank ADB approve loans for the Amravati Project of Andhra Pradesh
The Amaravati Inclusive and Sustainable Capital City Development Program aims to transform Amaravati into a smart, green city with world-class infrastructure. The initiative is supported by financial loans from the World Bank, Asian Development Bank (ADB), and Japan, which also offers technical assistance.
Loans Approved for Amaravati Development
World Bank Loan
Amount: $800 million
Currency: Japanese Yen
Approval Date: December 19, 2024
Duration: 29 years (including a 6-year grace period)
Approved by the World Bank Executive Board in Washington, D.C., USA.
ADB Loan
Amount: $788.8 million (equivalent to 121.97 billion Japanese Yen)
Approved to support the first phase of Amaravati’s development.
Role of Japan
Financial Assistance: Japan contributes through the loans denominated in Japanese Yen.
Technical Assistance: Provides expertise in modern infrastructure and smart city development.
About Amaravati
Background: After the bifurcation of Andhra Pradesh and Telangana in 2014, Hyderabad was designated as the joint capital for 10 years (until 2024).
Amaravati, located near Vijayawada, was selected as the new capital of Andhra Pradesh.
Development Framework: The Andhra Pradesh Capital Region Development Authority Act, 2014, was enacted to oversee the capital’s planning and development.
The Andhra Pradesh Capital Region Development Authority (APCRDA) is responsible for implementing the development program.
Scope of the Project
Total Area: 217 sq. km
Focus: Establish a sustainable, modern city emphasizing inclusivity and eco-friendliness.
Significance of the Project
Economic Growth: Establishes Amaravati as a hub for investment and innovation.
Sustainability: Focus on green infrastructure and smart city technologies.
Collaboration: Highlights international partnerships in infrastructure development.
Sports news
India to host 12th World Para Athletics Championships in 2025
India will host the World Para Athletics Championships for the first time in 2025, making it a significant milestone for the country in international para-sports.
Event Details
Venue: Jawahar Lal Nehru Stadium, New Delhi
Dates: 26 September – 5 October 2025
Significance:
Marks India’s capability to host major international sporting events.
Strengthens India’s aspirations to bid for the 2036 Summer and Paralympics Games.
Other Sporting Events in New Delhi (2025)
World Para Athletics Grand Prix:
Venue: Jawahar Lal Nehru Stadium
Dates: 11–13 March 2025
2025 Boxing Cup Final & 3rd World Boxing Congress:
Also scheduled to be hosted in New Delhi, emphasizing the city’s emergence as a global sports destination.
New Delhi: Fourth Asian City to Host the Championships
New Delhi becomes the fourth Asian city to host the World Para Athletics Championships, following:
Doha, Qatar (2015)
Dubai, UAE (2019)
Kobe, Japan (2024)
Improved Performance of Indian Para-Athletes
Indian para-athletes have shown remarkable improvement in recent years:
Doha 2015: Two silver medals.
Kobe 2024: 17 medals, including 6 gold, finishing sixth in the medal tally.
Top Performer at Kobe 2024: China with 87 medals, including 33 gold.
About the World Para Athletics Championships
Organised by World Para Athletics, part of the International Paralympic Committee (IPC).
First Edition: Held in Berlin, Germany, in 1994.
Frequency: Initially every four years, now every two years since 2011.
Key Facts about World Para Athletics
Headquarters: Bonn, Germany
Head: Paul Fitzgerald
Parent Body: International Paralympic Committee (IPC)
Books and author news
A Book Titled ‘BRING IT ON: The Incredible Story of My Life’ By Dr. Deepa Malik
HarperCollins India has proudly announced the upcoming publication of ‘BRING IT ON: The Incredible Story of My Life’, a memoir by India’s most celebrated para-athlete,Dr. Deepa Malik. This remarkable autobiography promises to provide readers with an unfiltered view of her extraordinary life, her relentless pursuit of success, and her unyielding determination to overcome challenges.
Publisher: HarperCollins India
Author: Dr. Deepa Malik
About the Book:
Offers an unfiltered account of Dr. Malik’s extraordinary journey.
Chronicles her relentless pursuit of excellence and ability to overcome life’s challenges.
A source of inspiration, highlighting the triumphs and struggles of one of India’s most celebrated para-athletes.
About Dr. Deepa Malik
India’s First Female Paralympic Medalist
Won a silver medal in the shot put at the 2016 Rio Paralympics.
Decorated with 23 international medals, showcasing her exceptional talent and perseverance.
Honors and Awards:
Padma Shri – One of India’s highest civilian honors.
Khel Ratna Award – India’s highest sporting honor.
Arjuna Award – Recognizing her outstanding achievements in sports
Important days
World Basketball Day 2024: Date, Significance and History
World Basketball Day is celebrated annually on December 21 to honor the development and universal appeal of basketball, a sport that transcends borders and fosters values like athleticism, joy, and companionship.
Origins of Basketball: Dr. James Naismith’s Vision
Invention
Dr. James Naismith, a Canadian physical education teacher, invented basketball on December 21, 1891, at the International YMCA Training School in Springfield, Massachusetts, USA.
The aim was to create an engaging indoor game to keep students active during winter.
Evolution
Early basketball was played with a soccer ball and fruit baskets as goals, with referees retrieving the ball after every basket.
In 1900, innovations such as backboards and string baskets were introduced, improving gameplay and preventing spectator interference.
Global Recognition of Basketball
The sport’s significance was officially acknowledged by the United Nations General Assembly (UNGA) on August 25, 2023, through resolution A/RES/77/324.
Declared December 21 as World Basketball Day.
Highlighted basketball’s ability to unite people and promote peace.
Key Objectives of the Resolution
Showcase basketball’s role in fostering peace and development.
Ensure global events like the FIBA Basketball World Cup 2023 leave a lasting legacy.
Encourage communities to recognize the sport’s positive societal impact.
Obituary news
Padma Shri Awardee Baiga Tribal Artist Jodhaiya Bai Passes Away at 86
In December 2024, renowned Baiga Tribal Artist Jodhaiya Bai passed away at the age of 86 in the Umaria district of Madhya Pradesh (MP). She was born in 1938 in Madhya Pradesh.
Key Highlights:
Padma Shri Award: In 2023, Jodhaiya Bai was awarded the Padma Shri, India’s fourth-highest civilian honor, for her outstanding contributions to the field of arts.
Global Recognition: She played a significant role in bringing Baiga tribal art to global recognition, helping preserve and promote the cultural heritage of the Baiga tribe.
Nari Shakti Puraskar: In 2022, she received the Nari Shakti Puraskar, awarded by the Ministry of Women and Child Development for her exceptional achievements.
About the Baiga Tribe:
The Baiga are primarily found in Madhya Pradesh, Uttar Pradesh, Odisha, West Bengal, Chhattisgarh, and Jharkhand.
The name “Baiga” translates to ‘Sorcerer-medicine man’.
Historically, the Baiga led a semi-nomadic lifestyle, practicing slash-and-burn farming. They rely heavily on minor forest products for their livelihood, with bamboo being a key resource.
Tattooing holds significant cultural value within the Baiga community.
India’s First Bio-Bitumen Stretch Inaugurated by Nitin Gadkari
Union Minister Nitin Gadkari inaugurated India’s first bio-bitumen-based National Highway stretch on NH-44 in Mansar, Nagpur, Maharashtra. Developed using lignin-based bio-bitumen technology, the initiative aligns with India’s sustainability and self-reliance goals.
Key Highlights
Bio-Bitumen Technology
Developed by Praj Industries in collaboration with CSIR-CRRI, NHAI, and Oriental.
Uses lignin, a by-product of plant biomass, as a sustainable binder for flexible pavement construction.
Sustainability Impact
Reduces greenhouse gas emissions by 70% compared to fossil-based bitumen.
Addresses bitumen scarcity and cuts down on import dependency (India imports 50% of bitumen).
Utilizes lignocellulosic biomass, generating revenue for bio-refineries and mitigating stubble burning.
Economic and Agricultural Benefits
Converts agricultural waste like rice straw (parali) into bio-bitumen, reducing pollution in states like Punjab and Haryana.
Adds value to farmers’ roles as bitumendata (bio-bitumen producers), annadata (food producers), and urjadata (energy producers).
Vision of Aatmanirbhar Bharat
Supports domestic production of bio-bitumen, promoting industrial sustainability.
Advances self-reliance by reducing dependency on imports.
CNG from Biomass
400 projects in India aim to produce CNG from biomass, using 60 lakh tonnes of parali.
Cheaper, cleaner alternative to petrol, reducing pollution and benefiting farmers.
Govt Forms Committee to Assess IAF’s Capability Development Amid Rising Threats
The Indian Government has constituted a high-level committee, chaired by Defence Secretary Rajesh Kumar Singh, to evaluate the IAF’s capability development in response to regional threats from China and Pakistan. The committee will focus on indigenous design, development, and acquisition projects and submit its report within two to three months.
Members: Sanjeev Kumar (Secretary, Defence Production), Dr. Samir V. Kamat (DRDO Chief), and Air Marshal T. Singh (Member Secretary).
Role:
Assess IAF’s fighter aircraft and missile capability gaps.
Recommend solutions emphasizing indigenous projects and self-reliance.
Key Issues Under Review
Fighter Aircraft Shortages:
Current fleet includes 36 Rafale jets; plans for 110+ 4.5-generation fighters are pending.
Indigenous production (e.g., LCA Mark 1A) will be prioritized despite delays.
Weaponry Gaps: Addressing deficits in air-to-air and air-to-ground missiles to counter China’s advanced arsenal.
Indigenous Development: Plans for 114 fighter aircraft to be domestically manufactured in collaboration with foreign partners.
Strategic Importance
Regional Threats: Growing air power of China and its support for Pakistan necessitate urgent upgrades to IAF’s defense capabilities.
Future Readiness: The committee’s recommendations will be critical for strengthening IAF’s operational readiness and ensuring self-reliance in defense.
Science and tech news
SpaDeX Mission: ISRO’s Leap Towards Space Docking Technology
ISRO plans to launch the SpaDeX mission in December 2024 aboard PSLV-C60, aiming to make India the fourth country to achieve space docking technology. The mission involves two spacecraft, SDX01 (Chaser) and SDX02 (Target), demonstrating autonomous in-space docking.
Key Objectives
Primary Objective: Demonstrate rendezvous, docking, and undocking technologies in low-Earth orbit.
Secondary Objectives:
Power transfer between docked spacecraft.
Control of composite spacecraft.
Payload operations post-undocking for up to two years.
Technological Innovations
Indigenous Mechanisms:
Docking systems and autonomous rendezvous algorithms.
Power transfer technologies.
Advanced Sensors:
Laser Range Finder and Proximity Sensors.
GNSS-based Relative Orbit Determination and Propagation (RODP).
Software and Testing: Algorithms validated using multiple test beds for precision docking.
ISRO Commences Launch Campaign for Gaganyaan-G1 Uncrewed Mission
On December , 2024, the Indian Space Research Organisation (ISRO)began the launch campaign for the Human Rated Launch Vehicle Mark-3 (HLVM3-G1) and Orbital Module (OM-1) for the Gaganyaan-G1 uncrewed mission. This mission marks a significant step towards India’s first crewed spaceflight. The campaign started with the integration of the S200 motor segments at the Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh.
Key Details:
The HLVM3 is a modified version of the LVM3 launch vehicle, designed with enhanced reliability and safety features for human spaceflight.
The integration of critical systems such as control systems, avionics, and the Crew Escape System will take place at SDSC and the Vikram Sarabhai Space Centre (VSSC) in Bengaluru, Karnataka. The Orbital Module (OM) integration and testing will occur at the U R Rao Satellite Centre (URSC) in Bengaluru.
The mission’s launch coincides with the 10th anniversary of the Launch Vehicle Mark-3 (LVM3-X/CARE), which took place on December 18, 2014.
About the Gaganyaan Mission:
The name Gaganyaan is derived from the Sanskrit words for ‘sky’ and ‘vehicle’.
Primary Objective: The mission aims to launch a team of astronauts into space to a 400 km altitude in Low Earth Orbit (LEO) for a three-day expedition, after which they will return by landing in the Indian Ocean.
The Gaganyaan program includes three uncrewed missions and one crewed mission:
The first uncrewed mission is scheduled for 2024-25.
The first crewed mission is slated for 2025-27.
The uncrewed flights will provide critical data on crew safety, vehicle performance, and system integration.
The Gaganyaan mission is also aimed at enhancing India’s self-reliance in launching heavier payloads and supports the ambitious Bharatiya Antariksh Station (BAS).
About ISRO:
Chairman: Dr. Sreedhara Panicker Somanath
Headquarters: Bengaluru, Karnataka
Established: August 15, 1969
ISRO is one of the six largest space agencies in the world, driving India’s advancements in space exploration.
Award news
ESIC Wins Four Awards at the Regional Social Security Forum for Asia and Pacific (RSSF Asia-Pacific) 2024
The Employees’ State Insurance Corporation (ESIC), a statutory body under the Ministry of Labour and Employment of the Government of India, received four awards at the Regional Social Security Forum for Asia and Pacific (RSSF Asia-Pacific) held in Riyadh, Saudi Arabia.
Key Highlights:
Organizer: The event was organized by the International Social Security Association (ISSA).
Awards: ESIC received the following recognition:
Certificate of Merit with Special Mention for its mobile app, Ask An Appointment (AAA+).
Three Certificates of Merit in the categories of Occupational Accident and Disease, Sustainable Investment, and System Resilience.
App Details: The Ask An Appointment (AAA+) app, available on both Android and iOS, provides services for insured individuals, beneficiaries, staff, and ESI pensioners. It supports 8 languages, including English, Hindi, and six regional languages.
Award Presentation: The awards were received by Shri Ashok Kumar Singh, Director General of ESIC, on behalf of the corporation.
About ESIC:
The Employees’ State Insurance Corporation (ESIC) is one of India’s two major statutory social security bodies, with the other being the Employees’ Provident Fund Organisation (EPFO). ESIC plays a pivotal role in providing social security and health benefits to employees in India.
About Employees’ State Insurance Corporation (ESIC)
The Employees’ State Insurance Corporation (ESIC) is one of India’s two main statutory social security bodies under the Ministry of Labour and Employment, with the other being the Employees’ Provident Fund Organisation (EPFO).
Key Facts:
Establishment: ESIC was set up under the Employees’ State Insurance Act, 1948, which was India’s first major social security legislation for workers, passed by the Indian Parliament.
Objective: The primary goal of ESIC is to provide social security and health insurance benefits to workers in India, covering sickness, maternity, disability, and death.
Fund Management: The fund is managed by the Employees’ State Insurance Corporation (ESIC), in accordance with the rules and regulations defined in the ESI Act of 1948.
Launch: The ESIC scheme was officially launched on 24th February 1952, by Prime Minister Pandit Jawaharlal Nehru. This date is now celebrated as ESIC Day.
About the International Social Security Association (ISSA)
The International Social Security Association (ISSA) is an international organization dedicated to promoting social security worldwide. It was founded under the auspices of the International Labour Organization (ILO).
Key Facts:
Founded: The ISSA was established in 1927.
Secretary General: Marcelo Abi-Ramia Caetano.
Headquarters: Geneva, Switzerland.
Mission: ISSA aims to enhance the effectiveness and efficiency of social security systems across the globe through knowledge exchange, research, and collaboration.
PM Modi Honoured with Kuwait’s Top Civilian Award
Prime Minister Narendra Modi was awarded Kuwait’s highest civilian honour, the Order of Mubarak Al Kabeer, by Amir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al Sabah. This prestigious accolade marks the 20th international honour received by PM Modi, symbolizing his contributions to fostering global partnerships and India’s growing influence on the world stage.
Award Details
Award: Order of Mubarak Al Kabeer – Kuwait’s highest civilian honour.
Recipient: Prime Minister Narendra Modi.
Conferred By: Amir of Kuwait, Sheikh Meshal Al-Ahmad Al-Jaber Al Sabah.
Eligibility: Given to Heads of State, foreign sovereigns, and royal family members as a gesture of goodwill.
Previous Recipients: Includes leaders like Bill Clinton, Prince Charles, and George Bush.
Significance of the Honour
Diplomatic Relations: Reflects the strong ties between India and Kuwait.
PM Modi’s Dedication: He dedicated the award to the people of India and the India-Kuwait friendship.
Recent International Honors for PM Modi
Order of Excellence – Guyana.
Dominica Award of Honour – Dominica.
Kuwait:
Capital: Kuwait City
Currency: Kuwaiti Dinar
Sports news
India Clinches Women’s U19 T20 Asia Cup title
India clinched the inaugural U10 Women’s Asia cup T20 title by defeating Bangladesh by 41 runs in the final held at the Bayuemas Oval, Kuala Lumpur on December 22, 2024. The victory was powered by a stellar half century from Gongadi Trisha and an impressive bowling performance, highlighting India’s dominance in the tournament.
Date: December 22, 2024
Venue: Bayuemas Oval, Kuala Lumpur
Result: India defeated Bangladesh by 41 runs to win the inaugural U10 Women’s Asia Cup T20 title.
India’s Innings
Total Score: 117/7 in 20 overs.
Star Performer: Gongadi Trisha – 52 runs off 47 balls (5 fours, 2 sixes).
Other Contributions: Mithila Vinod – 17 runs off 12 balls.
Bangladesh’s Bowling
Farjana Easmin – 4/31 in 4 overs (4 wickets).
Nishita Akter Nishi – 2 key wickets.
Bangladesh:
Capital: Dhaka
Currency: Bangladeshi Taka
Official language: Bengali
President: Mohammed Shahabuddin
Appointment news
Eurogrip Tyres Appoints MS Dhoni as Brand Ambassador to Empower Riders
In December 2024, Eurogrip Tyres, a leading brand for 2-wheeler, 3-wheeler, and off-highway tyres in India, appointed Mahendra Singh Dhoni (M.S. Dhoni) as its new Brand Ambassador.
Key Highlights:
M.S. Dhoni, renowned for his reliability, performance, and passion for riding, aligns perfectly with Eurogrip’s vision of offering riders enhanced control and confidence on every journey.
The partnership aims to boost the brand’s presence and attract more motorcycle enthusiasts.
TVS Srichakra Limited (TSL), a part of the TVS Mobility Group, manufactures Eurogrip, TVS Eurogrip, and TVS Tyres.
TVS Srichakra Limited was established in 1982 and is headquartered in Chennai, Tamil Nadu.
Justice Madan Lokur Appointed Chairperson of UN Internal Justice Council
Justice Madan B Lokur, former Supreme Court Judge of India, has been appointed Chairperson of the United Nations Internal Justice Council (IJC) by UN Secretary-General António Guterres. His term runs from December 19, 2024, to November 12, 2028.
Key Details
Role and Council Composition:
Justice Lokur leads the five-member IJC, an advisory body ensuring fairness, professionalism, and independence in the UN’s internal justice system.
Other members: Carmen Artigas (Uruguay), Rosalie Balkin (Australia), Stefan Brezina (Austria), and Jay Pozenal (USA).
Significance:
Reflects Justice Lokur’s judicial expertise and global recognition.
Enhances India’s representation in international governance and legal frameworks.
Justice Lokur’s Contributions
Known for rulings on social justice, human rights, and environmental issues in India.
His transition to the UN underscores India’s growing influence in global legal and governance systems.
Sports news
Sairaj Pardeshi bags one Gold and two Silver medals at Asian Youth and Junior Weightlifting Championships in Doha
In Weightlifting, India’s Sairaj Pardeshi bagged one gold and two silver medals in snatch, clean and jerk, and total lift categories at the Asian Youth and Junior Weightlifting Championships in Doha, Qatar. He bettered his own youth national records to clinch the 81kg men’s title.
Sanjana’s Performance
Category: 76kg Women’s
Medals: 5 Silver Medals
3 Silver (Youth Category)
2 Silver (Junior Category)
Lifts:
Total lift: 210kg
Snatch: 90kg
Clean and Jerk: 120kg
Shahu Tushar Mane bags Gold medal at Senior National Shooting Championship in Bhopal
In Shooting, Shahu Tushar Mane clinched the gold medal to claim his first senior national title in the men’s 10m Air Rifle competition at the 67th National Shooting Championship, in Bhopal yesterday. He edged out Dhanush Srikanth who bagged the silver medal. Yash Vardhan took the bronze, finishing ahead of Rudrankksh Patil.
Men’s 10m Air Rifle Senior National Final
Gold Medalist: Shahu Tushar Mane – Claimed his first senior national title.
Silver Medalist: Dhanush Srikanth
Bronze Medalist: Yash Vardhan
Notable Finish: Rudrankksh Patil finished outside the medal positions.
Men’s 10m Air Rifle Junior National Final
Gold Medalist: Rudrankksh Patil (Maharashtra), a former world champion.
Silver Medalist: Abishek Sekhar (Karnataka)
Bronze Medalist: Himanshu (Haryana)
Men’s 10m Air Rifle Youth Event
Gold Medalist: Himanshu – Scored 253.0.
Silver Medalist: Yash Pandey (Madhya Pradesh)
Bronze Medalist: Abhinav Shaw (West Bengal)
Agreement news
December 2024: DPIIT Strengthens India’s Startup Ecosystem with Key MoUs and Initiatives
In December 2024, the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry (MoC&I), entered into two significant Memorandums of Understanding (MoUs) to strengthen India’s startup ecosystem.
Key Developments:
Partnership with HDFC Bank:
Objective: To provide world-class banking and financial services to startups.
Focus: Strengthening the startup ecosystem through mentorship, knowledge-sharing, and capacity-building programs.
HDFC Bank, India’s largest private sector bank by assets, will play a key role in fostering innovation and growth among startups.
MoU with Tally Solutions:
Objective: To digitally empower startups in the manufacturing sector.
Tally Solutions, a software company based in Bengaluru, will assist in improving the digital capabilities of manufacturing startups.
About DPIIT:
Role: The DPIIT works to promote and facilitate industry and trade in India, with a focus on boosting the startup ecosystem.
Upcoming Initiative: The Bharat Startup Knowledge Access Registry (BHASKAR) initiative is set to launch under the Startup India program. This will provide valuable resources and strengthen India’s startup ecosystem.
Secretary: Amardeep Sing Bhatia
Headquarters: New Delhi
Established: 1995
These partnerships and initiatives are aimed at driving innovation, improving the digital infrastructure, and creating opportunities for growth within the startup ecosystem in India.
NASSCOM and DIFC Sign MoU to Boost Cross-Border Collaboration in Fintech, AI, and Innovation
In December 2024, the National Association of Software and Service Companies (NASSCOM), based in Noida, Uttar Pradesh, and the Dubai International Financial Centre (DIFC) signed a Memorandum of Understanding (MoU) to enhance cross-border collaboration in areas such as fintech, Artificial Intelligence (AI), and innovation.
Key Highlights of the Agreement:
Signatories: The MoU was signed by Rajesh Nambiar, President of NASSCOM, and Arif Amiri, CEO of the DIFC Authority.
Access to DIFC’s Innovation Ecosystem: Over 3000 NASSCOM member companies will get unique access to DIFC’s Innovation Hub, Dubai AI Campus, and its extensive network of leading companies in the financial industry.
Planned Activities: The partnership includes organizing webinars, roundtables, roadshows, and networking events to foster knowledge exchange, business growth, and collaboration on innovative projects.
About DIFC:
DIFC serves as the international financial hub for the Middle East, Africa, and South Asia (MEASA) region, covering 77 countries.
It is home to 6150 active registered companies and drives innovation in the financial sector.
Ranks and report news
NITI Aayog Releases Report on Worker Housing for Manufacturing Growth: A Step Towards Enhancing India’s Industrial Productivity
On December , 2024, the National Institution for Transforming India (NITI) Aayog, chaired by Prime Minister Narendra Modi, released a report titled “Site Adjacent Factory Employee (SAFE) Accommodation: Worker Housing for Manufacturing Growth.” The report emphasizes the need for secure, affordable, flexible, and efficient housing solutions for industrial workers to support the growth of India’s manufacturing sector.
Key Points of the Report:
Objective: To address the housing challenges faced by workers in industrial zones across India, thereby supporting the growth and productivity of the manufacturing sector.
Union Budget 2024-25 Initiative: The report was launched as part of the Union Budget 2024-25, aimed at improving worker accommodation facilities.
Implementation Model: The housing initiative will be executed under a Public-Private Partnership (PPP) model, with Viability Gap Funding (VGF) support. This will be complemented by contributions from anchor industries.
Expected Outcomes:
Enhanced productivity in manufacturing industries.
Reduced worker attrition.
Increased investment in the manufacturing sector due to better living conditions.
About NITI Aayog:
Chairperson: Prime Minister Narendra Modi
Headquarters: New Delhi, Delhi
Established: January 1, 2015
Role: NITI Aayog is responsible for formulating and implementing strategic policies and initiatives for India’s development, including supporting sectors like manufacturing and worker welfare.
This initiative aims to create a more conducive environment for industrial growth by addressing workers’ housing needs, which will help in attracting investments and improving overall industry performance.
India Tops Global Mobile Malware Attacks in Zscaler ThreatLabz 2024 Report
According to the “Zscaler ThreatLabz 2024 Mobile, IoT, and OT Threat Report” by Zscaler Inc.,headquartered in the United States, India has now topped the global list for mobile malware attacks, accounting for 28% of worldwide attacks. This is a significant rise from its 3rd place ranking in 2023, surpassing the United States (27.3%) and Canada (15.9%).
Key Findings from the Report:
Mobile Malware Attacks: India leads the world in mobile malware attacks, contributing to 28% of the global attacks.
Data Set:The report analyzes over 20 billion threat-related mobile transactions and associated cyber threats from June 2023 to May 2024.
Internet of Things (IoT) Attacks:
Top Target for IoT Attacks: The United States remains the most targeted country for IoT attacks, with 81% of the total attacks.
Other Targeted Countries: Singapore, the UK, Germany, and Canada follow as significant targets for IoT attacks.
IoT Attacks by Industry:
Manufacturing: The manufacturing sector accounted for the highest volume of IoT attacks, making up 36% of all IoT malware blocks.
Other Sectors:
Transportation: 14% of IoT malware blocks.
Food, Beverage, and Tobacco: 11% of IoT malware blocks.
Important day
National Consumer Day 2024: Union Minister Pralhad Joshi to launch key initiatives to boost consumer protection
National Consumer Day is celebrated on December 24 every year to highlight the importance of consumer protection in India.
The day marks the enactment of the Consumer Protection Act, 1986, which received presidential assent on this date.
Theme for 2024: “Virtual Hearings and Digital Access to Consumer Justice”.
Key Initiatives Launched by Minister Pralhad Joshi:
Jago Grahak Jago App: Empowering consumers with information to make informed choices.
Jagriti App and Jagriti Dashboard:
Aimed at identifying dark patterns on e-commerce platforms.
Enhances consumer awareness and rights on digital platforms.
e-Mapp Portal:
Streamlines licensing, verification, and registration processes for businesses.
Reduces compliance burdens and promotes transparency.
National Consumer Helpline Portal (Revamped):
Features enhanced functionality and improved navigation.
Faster grievance resolution to aid consumers.
Safety Pledge by E-commerce Platforms:
13 major e-commerce platforms will sign a voluntary safety pledge.
Platforms will commit to detecting and preventing the sale of unsafe, spurious, and substandard products.
Inauguration of State-of-the-Art Facilities: National Test House facilities in Guwahati and Mumbai to support product testing and consumer safety.
Obituary news
Renowned Folk Artist Darshanam Mogilaiah Passes Away at 73
In December 2024, Darshanam Mogilaiah, the celebrated folk artist and Padma Shri awardee, passed away at the age of 73 in Warangal, Telangana. Born in 1951 in Ausalikunta, Andhra Pradesh (now part of Telangana), Mogilaiah was renowned for his immense contributions to the preservation and promotion of traditional folk music.
Key Points about Darshanam Mogilaiah:
Padma Shri Awardee:Mogilaiah received Padma Shri, India’s fourth-highest civilian award, in 2022 in recognition of his outstanding contributions to traditional folk music.
Legacy of the Kinnera: Born into a family of Kinnera players, he became famously known as ‘Kinnera Mogulaiah’. The Kinnera, a stringed instrument originating in the 4th century CE, was a vital part of his musical heritage.
Innovation of the 12-Stair Kinnera: Mogilaiah was credited with the innovation of the 12-stair Kinnera, which distinguished him from other artists and helped preserve the musical traditions of Telangana’s folk music.
Cultural Influence: His work gained nationwide recognition, particularly for his role in the Tollywood movie ‘Balagam’, where he not only acted but also performed the emotional song ‘Thoduga Maa Thodundi’, which resonated deeply with fans of folk music.
A Dying Art: As one of the last artists skilled in playing the Kinnera, Mogilaiah’s efforts were crucial in maintaining this rare musical tradition, ensuring its survival for future generations.
Mogilaiah’s passing represents the end of an era for Telangana’s folk music, and his legacy remains a testament to his dedication to preserving and promoting traditional music.
Title: Canary in the canopy: on the India State of Forest Report 2023
Through history, forests for humans have been sites of shelter, food, livelihoods, protection, and strength of spirit. According to the new India State of Forest Report 2023, 25% of India’s land is covered by forests or trees, on its face a healthy figure and a step closer to the National Forest Policy’s prescriptions. But big numbers always hide problems. Post-Independence, India’s forest governance has been typified by attempts to break free from European colonialists’ insular view of forests as sources of timber, codified in laws the country inherited. Two significant achievements in this regard were the Forest (Conservation) Act 1980 and the Forest (Rights) Act 2006. The counteracting forces of industrial development and the pressures of climate change on the state have however troubled the implementation of both Acts and the government has, sadly, chosen the easy way out.
Courts and conservationists have demanded that the state follow the dictionary definition of forests whereas the administration has been muddying it to exclude “community” forests, among others, while including plantations and orchards. Even if the administration’s impetus is murky, it is allowing India to claim it is growing its carbon sink towards its climate commitments while allowing developmental activities to continue unimpeded. Thus, the 25% figure hides forest cover loss in the biodiverse Western Ghats, the Nilgiris and the northeast, the shrinking of mangroves in the Kutch and the Andamans, and of ‘moderately dense’ forests and the ongoing endangerment of open natural ecosystems. The report also lacks details about whether its estimates of the carbon sequestration potential of degraded land account for the specific uses to which they are currently being subjected. Forest loss in biodiverse areas cannot be adjusted with new plantations elsewhere, the consequences of which are exacerbated by the decision to include even commercial plantations, which have lower sequestration and ecological value, and the continued use of the Compensatory Afforestation Fund Act. Indeed, the growing gap between theoretical and actual forests also extends to finances. In several northern districts, the extent of forest cover that suffered fire losses has increased by an order of magnitude in two years. Ground reports by The Hindu have documented a paucity of human resources, skill, and equipment to control fires. Economic growth is essential and trees will be lost, but this is precisely why the friction that laws impose on the growth impulse is essential too. Yet, the government has been weakening environmental safeguards — more recently, the Forest (Conservation) Amendment Act 2023 further contracted the 1980 Act’s purview — and distorting its official inventory of forests. It is hard to imagine anyone winning in the end.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
Unimpeded
Unimpeded means not obstructed, hindered, or delayed; free from any barriers or restrictions.
Unobstructed Free-flowing Unhindered Unblocked
Obstructed Blocked Hindered Restricted
Sequestration
Sequestration has several meanings depending on the context, often related to isolation, confiscation, or restriction.
