Author: Balaguru Mamundi

National news

Black Diamond Exhibition: A Journey Through Coal’s Significance and Innovations

Union Culture and Tourism Minister Gajendra Singh Shekhawat and Minister of State for Coal and Mines Satish Chandra Dubey inaugurated the first-ever coal gallery, titled “Black Diamond – Unveiling the Depths,” at the National Science Centre in New Delhi. The exhibition explores coal’s journey from formation to its vital role in modern energy production, focusing on aspects such as extraction, mining technologies, environmental practices, and future innovations in sustainable energy.

Key Features of the Exhibition:

• Dynamic Diorama & Virtual Mine Descent: Offers interactive displays, including a diorama of open-cast mining and a simulated coal mine experience.
• Dragline Simulator: Allows visitors to operate mining machinery.
• Digital Diorama: Highlights Coal India Limited’s reclamation efforts.
• Raniganj Mining Rescue Tribute: Commemorates the bravery of miners involved in the historic Raniganj rescue operation.

Union Culture and Tourism Minister Gajendra Singh Shekhawat

Saharanpur, Rewa, and Ambikapur Airports Launched by PM Modi

Prime Minister Shri Narendra Modi inaugurated three new airports developed under the Regional Connectivity Scheme (RCS) – UDAN (Ude Desh Ka Aam Nagrik) from Varanasi, Uttar Pradesh. The newly inaugurated airports are located in Rewa (Madhya Pradesh), Ambikapur (Chhattisgarh), and Saharanpur (Uttar Pradesh).

Overview of RCS-UDAN:

• Launch Date: October 21, 2016, as part of India’s National Civil Aviation Policy (NCAP).
• Vision: A 10-year plan aimed at enhancing infrastructure and connectivity in remote and underserved regions.
• Impact: Completed seven years of operation, facilitating travel for over 14.4 million passengers.
• Inaugural Flight: The first RCS-UDAN flight was inaugurated on April 27, 2017, connecting Shimla to Delhi.
• Focus: Improving unserved air routes in underserved regions and fulfilling the aspirations of common citizens.

Milestones in RCS-UDAN Development:

• UDAN 1.0: Awarded 128 flight routes to five airline companies, adding 36 operational airports.
• UDAN 2.0: Connected 73 underserved and unserved airports, introducing helipads.
• UDAN 3.0: Launched tourism routes and connected water aerodromes with seaplanes, particularly in the Northeast.
• UDAN 4.0: Focused on operations in the Northeast, hilly states, and islands, including helicopters and seaplanes.
• UDAN 5.0: Improved based on stakeholder feedback, focusing on larger aircraft and removing the 600 km distance cap, requiring airlines to start operations within four months of route award.

UDAN scheme

The UDAN (Ude Desh Ka Aam Nagrik) scheme, launched in India, is a significant initiative aimed at enhancing regional air connectivity and making air travel more affordable for the common citizen. Here’s an overview of the history and development of the scheme:

Launch and Objectives

• Launch Date: The UDAN scheme was launched on October 21, 2016, as part of India’s National Civil Aviation Policy (NCAP).
• Objective: The primary goal was to improve air connectivity to underserved and unserved airports across the country, making air travel accessible to a larger population. The initiative aimed to foster economic growth, boost tourism, and improve accessibility in remote regions.

Haryana Becomes First State to Implement Dalit Sub-Quotas

In a landmark decision, Haryana has become the first state in India to implement sub-quotas for the Dalit community by subclassifying Scheduled Castes (SCs). This move follows a Supreme Court ruling in August 2023 that empowered states to divide SCs and STs for preferential reservations. The initiative aims to address the underrepresentation of “Deprived Scheduled Castes” (DSC), which are more marginalized in employment compared to “Other Scheduled Castes” (OSC).

Key Features:

• Subdivision of SC Community: The SC community is divided into two groups:
  • DSC: Includes 36 castes, such as Balmikis and Dhanaks.
  • OSC: Includes castes like Chamars and Jatavs.
• Reservation Quota: Each subgroup will receive 50% of the 20% SC quota for government jobs, promoting equitable distribution of benefits within the SC community.

Historical Context:

• In 2020, Haryana enacted legislation reserving 50% of the SC quota in higher education for deprived groups.
• The recent decision is influenced by the Supreme Court’s August 2023 verdict, which overturned a previous ruling that prohibited subclassifications, recognizing the socio-economic diversity within SC/ST communities.

This initiative marks a significant step towards targeted support for the most disadvantaged groups within the Dalit community, ensuring more equitable access to opportunities in government employment.

Haryana:

• Governor: Bandaru Dattatreya
• Chief minister: Nayab Singh Saini
• Capital: Chandigarh

PM Modi Launches Karmayogi Saptah to Boost Civil Service Skills

On October , 2024, Prime Minister Narendra Modi inaugurated the Karmayogi Saptah (National Learning Week) at the Dr. Ambedkar International Centre in New Delhi. This initiative is part of Mission Karmayogi, which aims to enhance the skills of civil servants, ensuring their competencies align with India’s evolving goals, particularly the vision for a developed nation by 2047.

Key Features of Karmayogi Saptah:

• Commitment to Learning: Each participant (Karmayogi) is encouraged to dedicate at least four hours to competency-linked learning through various courses and webinars, promoting a culture of lifelong learning and citizen-centric governance.

Objectives:

• Skill Development: The program emphasizes creative problem-solving and the necessity for a skilled workforce to drive national development.
• Lifelong Learning: Encourages public servants to engage in continuous education, fostering unity across government sectors.

Highlights of National Learning Week:

• Indic Day Webinar Series: Scheduled for October 21, 2024, featuring prominent speakers discussing topics such as Indian Knowledge Systems and digital infrastructure.
• Key Speakers: Notable figures like Vedic scholar Mr. David Frawley and tech innovator Mr. Nandan Nilekani will explore the integration of traditional wisdom with modern technology.

International news

IOCL and Nepal Oil Corporation Sign B2B Framework Agreements

On October, 2024, Indian Oil Corporation Limited (IOCL) and Nepal Oil Corporation (NOC) signed a Business to Business (B2B) Framework Agreement aimed at developing petroleum infrastructure in Nepal with a total investment of approximately Rs. 15 billion.

Key Highlights of the Agreement:

• Petroleum Pipeline Construction:

• A 50-kilometer pipeline will be established from Siliguri, India, to Charali, Jhapa, Nepal.
• This pipeline will enhance the transportation of petroleum products into Nepal.
• Storage and Distribution Infrastructure:

• A state-of-the-art terminal will be built in Charali to improve storage and distribution capabilities in the region.
• Additionally, a 62-kilometer pipeline will connect Amlekhgunj to Lothar in Chitwan, Nepal.
• A modern terminal at Lothar will have a storage capacity of 91,900 kiloliters.

Signatories:

• The agreement was signed by:
  • Dr. Chandika Prasad Bhatta, Executive Director of NOC.
  • Senthil Kumar, Director of IOCL.
• The signing took place in New Delhi, with senior officials including:
  • Pankaj Jain, Secretary of the Ministry of Petroleum and Natural Gas (MoP&NG), India.
  • V. Satish Kumar, Chairman of IOCL.

Background: This collaboration follows a Government-to-Government (G2G) Memorandum of Understanding (MoU) signed in May 2023 between India’s MoP&NG and Nepal’s Ministry of Industry, Commerce, and Supplies. This agreement marks a significant step in enhancing energy cooperation between India and Nepal, strengthening bilateral ties and contributing to Nepal’s petroleum infrastructure development.

IOCL:

• Headquarters: New Delhi
• Founded: 30 June 1959
• Interim Chairman: Satish Kumar Vaduguri 

Nepal:

• Capital: Kathmandu
• President: Ram Chandra Poudel
• Currency: Nepalese Rupee

Economy news

India Achieves Milestone of $700 Billion in Foreign Reserves

Key Highlights:

In September 2024, India made history by surpassing $700 billion in foreign exchange reserves, reaching a total of $704.885 billion as of the week ending September 27, 2024. This achievement positions India as the fourth country globally, joining China, Japan, and Switzerland in this elite club.

• Increase in Reserves: India’s foreign reserves rose by $12.59 billion during this period.
• Foreign Currency Assets (FCA): FCA, a significant component of the overall reserves, increased by $10.46 billion, reaching $616.154 billion.
• Gold Reserves: The country’s gold reserves also saw an uptick, growing by $2.184 billion to $65.796 billion.
• Composition of FCA: FCA are maintained as a multi-currency portfolio, primarily composed of major currencies like the US Dollar (USD), Euro, Pound Sterling, and Japanese Yen.

Factors Contributing to the Increase: The surge in foreign reserves is attributed to several factors, notably:

• $30 billion in foreign inflows in 2024, driven largely by investments in local bonds.
• India’s recent inclusion in a significant J.P. Morgan index, which boosted investor confidence and attracted capital.

Scheme news

Government to Extend UDAN Scheme for 10 More Years: Transforming India’s Aviation Landscape

On October 21, 2024, Civil Aviation Minister K. Rammohan Naidu announced a 10-year extension of the UDAN (Ude Desh ka Aam Nagrik) scheme, marking its eighth anniversary. This decision underscores the government’s commitment to improving regional air connectivity and ensuring air travel accessibility for all citizens of India.

Key Highlights:

• Launch and Impact: The UDAN scheme was launched on October 21, 2016, and has significantly boosted regional airlines while creating thousands of jobs and enhancing tourism across India.
• Operational Achievements: With 601 air routes and 71 operationalized airports, UDAN has improved air travel infrastructure, particularly in underserved and remote areas.
• Growth of Regional Airlines: The scheme has facilitated the rise of regional airlines, offering affordable airfares and connecting smaller cities, thereby promoting economic growth and creating job opportunities in aviation and tourism.

Objectives of UDAN:

• Enhance regional air connectivity by providing subsidies to airlines operating on unserved or underserved routes.
• Foster tourism and trade by linking smaller cities to major hubs.
• Make flying affordable for the average citizen by capping airfares on select routes.

Appointment news

Vijaya Kishore Rahatkar Appointed as Chairperson of NCW

Smt. Vijaya Kishore Rahatkar has been appointed as the new Chairperson of the National Commission for Women (NCW), becoming the ninth person to hold this esteemed position. Her appointment, announced by the Narendra Modi government, underscores a commitment to advancing women’s rights and issues in India.

Tenure Details:

• Effective Immediately: Her term will last for three years or until she reaches the age of 65, whichever comes first.

Previous Roles:

• Chairperson of Maharashtra State Commission for Women (2016-2021): Smt. Rahatkar spearheaded various impactful initiatives aimed at women’s empowerment, including:
  • “Sakshama”: A support program for acid attack survivors.
  • “Prajwala”: Connecting self-help groups to central government schemes.
  • “Suhita”: A 24×7 helpline service for women.
• Focused on legal reforms addressing:
  • The Protection of Children from Sexual Offences Act (POCSO).
  • Efforts against triple talaq.
  • Establishing anti-human trafficking units.

The National Commission for Women (NCW) was established in 1992 by the Government of India to safeguard and promote the rights and interests of women. Its formation was in response to growing concerns about women’s status in society and increasing demands for an official body that could address issues related to women’s welfare, equality, and justice.

Key Historical Milestones:

1. Establishment: The NCW was set up under the National Commission for Women Act, 1990, and became functional on January 31, 1992. This act provided the legal framework for the commission’s role and responsibilities in protecting women’s rights.
2. Mandate and Objectives: The primary objectives of the NCW are:

2. To review the legal and constitutional safeguards for women.
3. To recommend changes and improvements in laws to meet the needs of women.
4. To advise the government on policy matters affecting women.
5. To investigate specific issues of discrimination and violations of women’s rights.

Abhyuday Jindal Named New President of Indian Chamber of Commerce

Abhyuday Jindal has been appointed as the new president of the Indian Chamber of Commerce (ICC), a key national business association. The announcement was made during ICC’s annual plenary session in New Delhi, with Commerce and Industry Minister Piyush Goyal serving as the chief guest.

Minister’s Address:

• Piyush Goyal emphasized the crucial role of young leaders in shaping India’s future.
• He urged the ICC to enhance support for startups, women entrepreneurs, and the evolving startup ecosystem.
• Goyal highlighted the importance of leveraging government initiatives to boost skill development and employment for the youth.
• He encouraged the ICC to promote India as a global tourism hub and to connect local talent with international opportunities.

Vision for India:

• Goyal remarked, “The India story is shining bright, and the world is watching,” stressing the need for collaboration between industry and government.
• He called for a collective effort from citizens to contribute to a prosperous India.

Abhyuday Jindal’s leadership at the ICC is anticipated to focus on driving growth and innovation within India’s business landscape.

ICC (Indian chamber of commerce):

 The Indian Chamber of Commerce (ICC), one of India’s oldest and most prominent business organizations, was established in 1925 in Kolkata. It was founded by a group of pioneering Indian industrialists to promote and safeguard the interests of Indian businesses during British colonial rule. Over the decades, it has played a significant role in shaping the economic and industrial policies of India.

Founders included prominent Indian industrialists such as G.D. Birla, P.C. Chatterjee, and Badridas Goenka, who were at the forefront of India’s economic activities.

Modern Role:

• Today, the ICC represents a wide range of sectors including manufacturing, services, agriculture, and international trade. It hosts annual conferences, trade expos, and policy discussions to address the evolving needs of Indian businesses in the global economy.
• The chamber also focuses on sustainability, innovation, digital transformation, and startup incubation, adapting to the dynamic challenges of the 21st century.

 Prabowo Subianto Takes Office as President of Indonesia

In Indonesia, Prabowo Subianto took over as president of the world’s third-largest democracy today.

• Prabowo will officially become the eighth president of the world’s most populous Muslim majority nation.
• The 73-year-old former special forces commander won the February 14 contest with nearly 60 per cent of the vote after sweeping the country’s election with policies like free meals for school children.

Indonesia:

• The currency of Indonesia is the Indonesian Rupiah
• The capital of Indonesia is Jakarta

State news

Ratapani Wildlife Sanctuary Approved as the 8th Tiger Reserve in Madhya Pradesh

The State Wildlife Board (WLB) of Madhya Pradesh has approved the declaration of Ratapani Wildlife Sanctuary (WLS) as the 8th Tiger Reserve (TR) in the state. This decision is now pending final approval from the Government of India (GoI).

Key Details:

• Historical Context:

• In 2011, the National Tiger Conservation Authority (NTCA) granted in-principle approval to designate Ratapani WLS as a TR.
• The latest approval follows the declaration of Veerangana Durgavati TR as the 7th TR in Madhya Pradesh in 2023.
• Geographical Information:
• The proposed TR will encompass a total area of 1,271.465 square kilometers (sq km), integrating both Ratapani WLS and Singhori WLS.
  • Core Area: 763.812 sq km designated for tiger habitat.
  • Buffer Zone: 507.653 sq km to protect wildlife.

Ratapani Wildlife Sanctuary:

• Current Area: Ratapani WLS currently spans 823 sq km, located in Raisen and Sehore districts.
• Wildlife Census: According to the 2022 Tiger Census:
  • Total wild animals: 3,123
  • Tigers: 56
  • Leopards: 70
• Cultural Significance: The sanctuary is home to UNESCO World Heritage sites, including the Bhimbetka rock shelters, Ginnourgarh fort, Keri Mahadeo, and Ratapani dam.

About Madhya Pradesh:

• Chief Minister: Mohan Yadav
• Governor: Mangubhai C. Patel
• Capital: Bhopal
• Other Notable National Parks:
  • Bandhavgarh National Park
  • Kanha National Park

Defence news

Launch of Indian Naval Ship (INS) Samarthak

On October 14, 2024, Larsen & Toubro (L&T) launched the first of class Multi-Purpose Vessel (MPV), named INS Samarthak, at its shipyard in Kattupalli, near Chennai, Tamil Nadu. The launch was officiated by Shashi Tripathi, President of the Navy Wives Welfare Association (NWWA), in the presence of Admiral Dinesh K. Tripathi, Chief of Naval Staff (CNS).

Key Details:

• Significance of Name:
• The name ‘Samarthak,’ meaning ‘Supporter,’ reflects the vessel’s intended operational versatility.
• Contract Background:
• The Ministry of Defence signed a contract with L&T Shipbuilding Limited on March 25, 2022, for the construction of two MPVs, with the launch of INS Samarthak being the first under this agreement.

Larsen and toubro:

• CEO: S N Subrahmanyan (1 Jul 2011–)
• Founded: 7 February 1946, Mumbai
• Headquarters: Mumbai

Indian navy:

• Head: Admiral Dinesh Kumar Tripathi
• Founded: 26 January 1950

Cabinet Committee on Security Approves New Missile Testing Range in Andhra Pradesh

The Cabinet Committee on Security (CCS), chaired by Prime Minister Narendra Modi, has approved the establishment of a new missile testing range in Nagayalanka village, Krishna district, Andhra Pradesh.

Key Details:

• Purpose: The new missile testing range will facilitate the test firing of various tactical missile systems, including:

• Surface-to-air missile systems
• Anti-tank missiles
• Other missile systems developed by the Defence Research and Development Organisation (DRDO)
• Additional Approvals:

• The CCS has also sanctioned the purchase of 31 Predator long-endurance armed drones from the United States.
• Approval for two nuclear submarines to be constructed by ATV Project India Limited to enhance the capabilities of the Indian Navy.

About the Defence Research and Development Organisation (DRDO)

• Role: DRDO serves as the Research and Development (R&D) wing of the Ministry of Defence, Government of India.
• Chairman: Dr. Samir Vankatpati Kamat
• Headquarters: New Delhi, Delhi
• Established: 1958

Indian Army’s Sudarshan Chakra Corps Holds ‘Swavlamban Shakti’ Exercise

The Army’s Sudarshan Chakra Corps of the Southern Command is conducting Exercise SWAVLAMBAN SHAKTI at the Babina Field Firing Ranges near Jhansi from October 17 to October 22, 2024. This exercise focuses on enhancing combat capabilities through the integration of niche and emerging technologies.

Objectives:

• Integrate New Technology Equipment (NTEs) into the Army’s operational strategies.
• Ensure readiness for evolving warfare scenarios.
• Prioritize critical technologies for future development.

Leadership:

• The exercise was launched by Lt Gen Prit Pal Singh, General Officer Commanding of the Sudarshan Chakra Corps.

Participation:

• Approximately 1,800 personnel are involved.
• Equipment includes 210 armored vehicles, 50 specialist vehicles, and various aviation assets.

India and Oman Conduct Joint Naval Drill ‘Naseem Al Bahr’ off Goa

The India-Oman bilateral naval exercise Naseem-Al-Bahr took place off the coast of Goa from October 13 to 18, 2024. The exercise involved the Indian Navy’s INS Trikand and Dornier Maritime Patrol Aircraft, along with the Royal Navy of Oman’s vessel Al Seeb. The exercise was divided into two key phases.

1. Harbour Phase (October 13-15, 2024)

• Engaged personnel from both navies in professional interactions through Subject Matter Expert Exchanges and planning conferences.
• Organized various sports fixtures and social events to enhance camaraderie and collaboration.

2. Sea Phase (October 16-18, 2024)

• Conducted a series of naval maneuvers, including:
  • Gun firings at surface inflatable targets.
  • Close-range anti-aircraft firings to ensure operational readiness.
  • Replenishment at Sea Approaches (RASAPS) for practicing logistical coordination.
  • Helicopter operations from INS Trikand, featuring cross-deck landings and vertical replenishment (VERTREP) with RNOV Al Seeb.
  • The Dornier Maritime Patrol Aircraft provided Over-the-Horizon Targeting (OTHT) data for improved targeting precision.
  • Indian Navy Sea Riders embarked on RNOV Al Seeb for a day to enhance interoperability and share best practices.

Outcomes of the Exercise

• The exercise successfully enhanced interoperability between the Indian and Omani navies.
• Strengthened mutual understanding of each other’s tactics and operational best practices.
• Fostered cohesion through professional and social interactions, promoting a collaborative spirit.

Indian navy:

• Head: Admiral Dinesh Kumar Tripathi
• Founded: 26 January 1950

National news

2nd National Lighthouse Festival held across Nation’s 75 Lighthouse

The 2nd National Lighthouse Festival will be observed across the country’s 75 historic Lighthouses on 19 and 20 October 2024. To mark the start of the Festival, a Lighthouse Tourism Conclave 2024 was held in Puri, Odisha, on 19 October 2024.

The first National Lighthouse Festival was held from September 23 to 25, 2023, at 75 historic lighthouses across the country goa.

Who inaugurated the Lighthouse Tourism Conclave 2024? 

• The Lighthouse Tourism Conclave 2024  was inaugurated by the Union Minister of State for Ports, Shipping & Waterways, Shantanu Thakur, on 19 October 2024. 
• During the inaugural session, the Minister of State for Petroleum, Natural Gas & Tourism, Suresh Gopi, and Odisha Deputy Chief Minister, Mrs Pravati Parida, were also present.

Who organises the National Lighthouse Festival?  The Union Ministry of Ports, Shipping & Waterways organise the ‘National Lighthouse Festival.  

What is the aim of the National Lighthouse Festival?

The main aim of the National Lighthouse Festival is to:

• To transform 75 historic lighthouses in the country into a tourist site with modern amenities such as museums, amphitheatres, children’s parks, etc.
• Promote the conservation and preservation of these historic maritime Lighthouses.
• Generation of local employment and boosting the local economy.

According to the Directorate General of Lighthouses and Lightships, around Rs 65 crore has been invested in 75 iconic lighthouses in 9 coastal states and 1 Union Territory. 

About Lighthouse 

Lighthouses are permanent structures built on sea shore, rocks, or on the seabed. The Lighthouse has a beacon on the top of its structure. The beacon emits a focussed light, which is used to warn ships approaching the dangerous areas of the sea. Many of the lighthouses are also equipped with fog horns that sound high pitch warnings to passing ships in dangerous areas of the sea in dense fog. 

Lighthouses are also used to navigate the ships in or out of the harbours safely.

International news

Maldivian President decides to introduce India’s UPI in Maldives

President Dr. Mohamed Muizzu of the Maldives has decided to implement India’s Unified Payment Interface (UPI) in the country, following a cabinet recommendation.

Expected Benefits:

• The move aims to enhance the Maldivian economy by:
  • Increasing financial inclusion.
  • Improving efficiency in financial transactions.
  • Enhancing digital infrastructure.

Convenience for Tourists: Indian tourists will be able to transact in Indian rupees using UPI-enabled apps, eliminating the need for currency conversion.

Consortium Formation: President Muizzu plans to establish a consortium that will include:

• Banks
• Telecom companies
• State-owned enterprises
• Fintech companies operating in the Maldives

Background: An MoU was signed during External Affairs Minister Dr. S. Jaishankar’s visit in August 2023 to facilitate the introduction of UPI in the Maldives.

Global Operations: UPI, managed by the National Payments Corporation of India, is already operational in several countries, including the UAE, Sri Lanka, France, Malaysia, Singapore, Nepal, the UK, and Mauritius.

Maldives:

• President: Mohamed Muizzu (as of 2024)
• Capital: Malé
• Currency: Maldivian Rufiyaa (MVR)

India Delivers Haemodialysis Machines to PNG, Supplies Aid to Lebanon

India has fulfilled a significant commitment made during the third Forum for India-Pacific Islands Cooperation (FIPIC III) Summit by sending its first consignment of 12 Haemo-Dialysis machines to Papua New Guinea (PNG). Also in response to rising tensions and ongoing conflict in southern Lebanon, India has dispatched the first tranche of a 33-ton consignment of medical supplies as part of a humanitarian effort to support Lebanon.

Haemo-Dialysis Machines to PNG

• Details of Shipment:
  • The shipment includes 12 Haemo-Dialysis machines and portable Reverse Osmosis (RO) units for water purification.
• Healthcare Support:
  • The medical assistance aims to strengthen PNG’s healthcare system, addressing the urgent need for advanced medical equipment.
  • The dialysis machines will significantly improve treatment for kidney-related ailments in PNG.

Departure Information

• Origin: The consignment left Pipavav Port in Gujarat, headed for Port Moresby, the capital of PNG.
• Official Statement: Randhir Jaiswal from the Ministry of External Affairs announced this on social media, emphasizing India’s solidarity with the Pacific Islands.

India’s Global Commitment

• Challenges Addressed: During the FIPIC III Summit, Prime Minister Modi discussed issues like climate change, poverty, and healthcare facing Pacific Island nations.
• Ongoing Support: India reiterated its commitment to provide essential medical supplies and technology, embodying the sentiment, “A friend in need is a friend indeed.”

Continued Engagement

• Aid to Global Partners: India has consistently supported its global partners with vaccines, essential medicines, food, and other resources.
• Health Security Focus: The shipment of dialysis machines highlights India’s effort to enhance health security for partner countries, particularly in the Pacific Islands.

Papua New Guinea:

• Prime Minister: James Marape (as of 2024)
• Capital: Port Moresby
• Currency: Papua New Guinean Kina (PGK)

India and South Korea Set to Join FTSE Russell EMGB Index in 2025

Global index provider FTSE Russell has announced that India’s sovereign bonds will be included in its Emerging Markets Government Bond Index (EMGBI) starting September 2025. This follows similar inclusions by JP Morgan and Bloomberg Index Services, which could potentially attract billions of dollars into India’s local bond market.

Inclusion of Indian Bonds in FTSE Russell Index

• Announcement: FTSE Russell will include India’s sovereign bonds in its Emerging Markets Government Bond Index (EMGBI) starting September 2025.
• Market Impact: The inclusion is expected to attract billions of dollars into India’s local bond market.
• Market Share: Indian securities will constitute 9.35% of the EMGBI based on market value.

Progress and Challenges

• Previous Delays: FTSE Russell had delayed the inclusion of Indian bonds due to issues related to taxation, registration, and settlement.
• Improvements: The announcement reflects progress in making Indian securities more accessible.

South Korean Bonds Inclusion

• FTSE WGBI: South Korean government bonds will be added to the FTSE World Government Bond Index (WGBI) in November 2025, representing 2.22% of the index on a market-value basis.

Context of Inclusion

• Following Other Announcements: The inclusion of Indian bonds in FTSE Russell aligns with earlier announcements from JP Morgan and Bloomberg Index Services.
• Other Indexes: Indian bonds are set to be included in:

• JP Morgan’s Government Bond Index-Emerging Markets in June 2024.
• Bloomberg Index Services’ Emerging Market Local Currency Index starting in January 2025.

Election of New Members to the United Nations Human Rights Council (UNHRC)

On 9th October 2024, the United Nations General Assembly (UNGA) elected 18 new members to the United Nations Human Rights Council (UNHRC) for the term 2025-2027. The newly elected 18 members are Benin; Bolivia; Colombia; Cyprus; Czechia; Democratic Republic of the Congo; Ethiopia; Gambia; Iceland; Kenya; Marshall Islands; Mexico; North Macedonia; Qatar; Republic of Korea; Spain; Switzerland; and Thailand.

• The elected members will serve 3-year terms beginning on 1st January 2025.

About the United Nations Human Rights Council (UNHRC)

• Composition: The UNHRC consists of 47 member states elected directly by the UNGA through a secret ballot, ensuring a democratic selection process. The membership reflects a fair geographical distribution.
• Structure:
• Seats allocated based on regional representation.
• Responsibilities: The UNHRC is an intergovernmental body responsible for promoting and protecting human rights globally.
• President: Omar Zniber
• Headquarters: Geneva, Switzerland
• Founded: 2006

Banking news

Jio Payments Bank Secures Mutual Funds Distribution License from AMFI

Jio Payments Bank has obtained a mutual fund distribution license from the Association of Mutual Funds in India (AMFI).

This Category 1 Execution-only Platform (EOP) license allows the bank to distribute direct plans of various mutual fund schemes, enhancing its presence in the financial services sector.

• Transaction Charges:
  • As a Category 1 EOP, Jio Payments Bank can receive transaction charges from fund houses, capped at ₹2 per transaction. This establishes a structured revenue model for mutual fund distribution.
• Current Landscape:
  • There are currently 15 Category 1 EOPs registered with AMFI.
  • The direct plan distribution market is mainly dominated by stock brokers like Groww and Zerodha, who lead in the digital investment space.
• Increased Stake in Jio Payments Bank:
  • In August, Jio Financial Services increased its stake in Jio Payments Bank from 78.95% to 82.17% by investing ₹68 crore, reflecting confidence in the bank’s growth potential.
• Strategic Partnerships:
  • Jio Financial Services has formed a joint venture with BlackRock, a prominent U.S.-based investment management firm, to create a wealth management and broking business.
  • This venture aims to distribute various financial products, further extending Jio’s reach in the financial services sector.

Jio payment bank:

• Headquarters: Navi Mumbai
• Founded: 3 April 2018
• Founder: Mukesh Ambani

Ranks and reports news

2024 Global Multidimensional Poverty Index (MPI)

The 2024 Global Multidimensional Poverty Index (MPI) report highlights the alarming interconnections between violent conflict and multidimensional poverty across various nations. According to the report, approximately 1.1 billion people live in acute multidimensional poverty, with 455 million residing in conflict-affected regions.

Published by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI), the report includes data from 112 countries and over 1,359 subnational regions.

 Key Findings:

• Child Poverty:
  • Over 584 million impoverished individuals are children under 18, revealing a critical impact on youth.
  • 27.9% of children live in poverty, compared to 13.5% of adults.
• Basic Needs:
  • Many individuals lack essential resources:
    • 828 million without adequate sanitation.
    • 886 million lacking proper housing.
    • 998 million without access to cooking fuel.
• Nutrition:
  • Over 637 million people live in households with at least one undernourished individual, particularly affecting regions like South Asia and Sub-Saharan Africa.

 MPI Values for South Asian Countries:

• India:
  • MPI Value: 0.105
  • Multidimensional Poverty: 234 million people (23.8% incidence)
• Pakistan:
  • MPI Value: 0.198
  • Multidimensional Poverty: 93 million people (38.3% incidence)
• Nepal:
  • MPI Value: 0.092
  • Multidimensional Poverty: 7.5 million people (22.5% incidence)
• Bangladesh:
  • MPI Value: 0.104
  • Multidimensional Poverty: 41.7 million people (24.6% incidence)

United nation development programme:

The United Nations Development Programme is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. 

• Headquarters: New York, New York, United States
• Founded: 22 November 1965, United States
• Head: Achim Steiner

Defence news

2nd edition of ‘Sagar Kavach’ exercise 2024 held by Indian Coast Guard

The Indian Coast Guard successfully conducted its 2nd edition of the coastal security exercise ‘Sagar Kavach’ of the year on 16-17 October 2024 across Gujarat and the Union Territory of Daman & Diu coasts.

The Indian Coast Guard held its first ‘Sagar Kavach’ exercise of 2024 on 11 and 12 July 2024 along the coast of Andhra Pradesh.

2nd edition of Sagar Kavach exercise of  2024

• The 2nd edition of the ‘Sagar Kavach’ coastal security exercise was coordinated by the Indian Coast Guard’s North West  Regional Headquarters in Gandhinagar, Gujarat.
• All the agencies responsible for the coastal security of India- State Police, Indian Navy, Marine Police, Border Security Force (BSF), National Security Guard (NSG), Gujarat Maritime Board (GMB), Intelligence Bureau (IB), and the Port authorities, participated in the exercise. The Indian Coast Guard provided extensive aerial surveillance of the coastal area by both the Indian Navy and the Coast Guard.

Indian Coast Guard:

• Formation: Established on February 1, 1977, under the Ministry of Defence.
• Role: Protects India’s maritime interests and enforces maritime law, including:

• Anti-smuggling
• Anti-piracy
• Environmental protection
• Operational Areas: Indian territorial waters, including its Exclusive Economic Zone (EEZ), extending up to 200 nautical miles from the coast.
• Motto: “Vayam Rakshamah” (We Protect).
• Headquarters: New Delhi.
• Key Operations:

• Coastal surveillance
• Search and rescue
• Marine pollution control
• Collaboration with the Navy and other agencies
• Personnel: Approximately 15,000 active members.
• Fleet:

• Over 150 ships and boats
• More than 60 aircraft
• Notable Exercises:

• ‘Sagar Kavach’ for coastal security
• ‘Operation Olivia’ for sea turtle protection
• Current Director General: Rakesh Pal (as of 2024).

State news

Launch of India’s First State-Level Cyber Command and Control Center in Maharashtra

The Maharashtra State Cyber Department, in collaboration with Larsen & Toubro (L&T) Technology Services Limited (LTTS), has inaugurated India’s first state-level Cyber Command and Control Center (CCC) in Mahape, Navi Mumbai. This initiative, launched by Deputy Chief Minister Devendra Fadnavis, aims to bolster cybersecurity capabilities within the state.

Background:

• Approval: The project was initially approved in 2016 by former Maharashtra Chief Minister Devendra Fadnavis.
• Revival: In 2022, the project was revived and received state cabinet approval in 2023, with a budget of ₹837 crore.

Key Objectives of the Cyber Command and Control Center (CCC):

• Investigation Efficiency: Enhance the speed and efficiency of investigating cyber incidents to accelerate cybercrime investigations.
• Legal Process Improvement: Strengthen legal processes to improve conviction rates in cybercrime cases, leading to more successful outcomes in the pursuit of justice.

Overview of Maharashtra

• Chief Minister (CM): Eknath Shinde
• Governor: C.P. Radhakrishnan
• Wildlife Sanctuaries:
  • Bhimashankar Wildlife Sanctuary
  • Melghat Wildlife Sanctuary

About L&T Technology Services Limited (LTTS)

• Chief Executive Officer (CEO): Amit Chadha
• Headquarters: Vadodara, Gujarat
• Founded: 2012

Memorial for Unsung Heroes of Military Intelligence: ‘Satark Park’

India’s first Memorial for Unsung Heroes of Military Intelligence ‘Satark Park’ Unveiled in Pune The Indian Army (IA) inaugurated its first memorial, “Satark Park” in Pune(Maharashtra), dedicated to honouring Military Intelligence (MI) personnel who lost their lives in service. The memorial is inspired by MI’s motto “Sada Satark” (always alert).

Key Details:

• Inaugurated by: Lieutenant General Pradeep Kumar Chahal, Colonel Commandant of the Intelligence Corps and Commandant of the Military Intelligence Training School and Depot (MINTSD).
• Construction and Maintenance: The memorial was constructed, maintained, and operated by MINTSD, with support from Pune-based Roadway Solutions India Infra Limited (RSIIL).
• Features:
  • The park showcases busts of 40 MI personnel, including 11 officers, who lost their lives in various operations, particularly in Jammu and Kashmir (J&K) and along the North Eastern borders since 1962.
  • Each bust is accompanied by a short description of the individual’s contributions to military intelligence.

Scheme news

Launch of Rs 500 Crore ‘Innovative Projects’ Component under PM-Surya Ghar: Muft Bijli Yojana to Promote Solar Energy Access for Low-Income Households

The Ministry of New and Renewable Energy (MNRE) has introduced Scheme Guidelines to implement the Rs 500 crore ‘Innovative Projects’ component under the Prime Minister (PM)-Surya Ghar: Muft Bijli Yojana. This initiative aims to enhance the adoption of solar energy, particularly for low-income or marginalized households in India. Here are the key details:

Key Points of the Scheme

1. Objective: To promote the adoption of solar energy technologies, making it affordable and accessible to low-income households.
2. Implementation Agency: The National Institute of Solar Energy (NISE), based in Gurugram, Haryana, will act as the Scheme Implementation Agency (SIA) for this component.
3. Project Duration: The projects supported under this scheme can have a maximum duration of 18 months.
4. Financial Assistance: Support will be limited to 60% of the total project cost or Rs 30 crore, whichever is lower.
5. Promoting Innovation: The scheme encourages innovative solar energy projects that utilize new technologies or business models for residential applications.
6. Awards for Innovation: Annual awards will be given to promote innovation in rooftop solar projects, including:

6. 1st Prize: Rs 1 crore
7. 2nd Prize: Rs 50 lakh
8. 3rd Prize: Rs 30 lakh
9. 10 Consolation Prizes: Rs 5 lakh each
10. Target Beneficiaries: The scheme is aimed at supporting startups, Research Institutions (RIs), and Non-Governmental Organizations (NGOs) that focus on scalable and replicable solar projects.
11. Impact: By enhancing the efficiency of solar energy generation and distribution, the initiative aims to lower electricity costs for consumers, contributing to sustainable energy access.

Overview of PM-Surya Ghar: Muft Bijli Yojana

• Launch Date: February 29, 2024
• Objective: To enhance solar rooftop capacity and empower households to generate their own electricity.
• Budget: ₹75,021 crore
• Duration: Until Financial Year 2026-27 (FY27)

Subsidy Structure:

• Up to 2 kW Systems: Up to 60% subsidy
  • ₹30,000 for 1 kW systems
  • ₹60,000 for 2 kW systems
• Between 2 to 3 kW Systems: 40% subsidy
  • ₹78,000 for 3 kW systems or higher

Additional Benefits:

• Households can sell surplus electricity back to the grid, creating additional income streams.

Implementation:

• Managed by the National Programme Implementation Agency (NPIA) under the Ministry of Statistics and Programme Implementation (MOSPI) at the national level.
• Supported by State Implementation Agencies (SIAs) at the state level.

Award news

Rajkumar Hirani Honoured with National Kishore Kumar Award 2023

In a heartwarming tribute to the legacy of legendary singer and actor Kishore Kumar, the renowned filmmaker Rajkumar Hirani was conferred with the prestigious National Kishore Kumar Award for the year 2023.

• The award ceremony took place in Khandwa, Madhya Pradesh, the birthplace of Kishore Kumar, on the occasion of the 37th death anniversary of the iconic singer.
• This award, instituted by the Madhya Pradesh Government’s Department of Culture, celebrates artists who have significantly contributed to Indian cinema in various fields, much like Kishore Kumar himself.

Significance of the Award:

• The award recognizes individuals who exemplify the spirit and legacy of Kishore Kumar, a legendary singer and actor.

Ceremony Highlights:

• The award was presented by Kunwar Vijay Shah, Madhya Pradesh’s Cabinet Minister for Tribal Affairs and Bhopal Gas Tragedy Relief and Rehabilitation.
• The event featured a reverent atmosphere, honoring Kishore Kumar’s life and achievements in Indian cinema.

Ashokan Charuvil Wins the 2024 Vayalar Award for ‘Kattoorkadavu’

Ashokan Charuvil From Kerala Wins The 2024 Vayalar Award For ‘Kattoorkadavu’ The Vayalar Ramavarma Memorial Trust has conferred the 48th Vayalar Ramavarma Memorial Literary Award (2024)to Ashokan Charuvil, an Indian short writer in Malayalam-language, for his novel ‘Kattoorkadavu’. ‘Kattoorkadavu’ explores themes of life, revival and the national movement set against the backdrop of a village devastated by the Great Flood.

Award Details:

• Recipient: Ashokan Charuvil, a renowned Malayalam short story writer.
• Work: His novel Kattoorkadavu explores themes of life, revival, and the national movement, set against the backdrop of a village affected by the Great Flood.
• Awarding Body: Vayalar Ramavarma Memorial Trust.
• Significance: This is the 48th Vayalar Ramavarma Memorial Literary Award, recognizing outstanding literary works since its inception in 1977.

Award Components:

• Cash Prize: ₹1 lakh.
• Sculpture: A bronze sculpture designed by noted artist Kanai Kunhiraman.
• Presentation Date: The award will be presented on October 27, 2024, coinciding with the death anniversary of Vayalar Ramavarma, a prominent Indian poet and lyricist.

About Ashokan Charuvil:

• Birth Year: 1957.
• Birthplace: Kattoor, Trichur district, Kerala.
• Other Awards: He has received several prestigious awards, including the Kerala Sahitya Akademi Award and the Muttathu Varkey Award.

Appointment news

Acko Appoints Sandip Goenka as CEO of ACKO Life

Sandip Goenka has been appointed as the CEO of ACKO Life, Acko’s newly launched life insurance division.

Founding Member: He is a founding member of the division and has played a crucial role in establishing its direct-to-consumer (D2C) life insurance business.

Experience: Sandip brings over two decades of experience in:

• Life insurance
• Health insurance
• General insurance
• Consulting

Previous Roles:

• Chief Financial Officer (CFO) at Exide Life Insurance
• Leadership positions at TATA AIA and EY

Sports news

Arjun Erigaisi Wins WR Chess Masters, Nears 2800 Elo Rating

Indian Grandmaster Arjun Erigaisi showcased brilliant form to secure the WR Chess Masters title after defeating France’s Maxime Vachier-Lagrave in an Armageddon game, following two draws in Classical chess. With this win, Arjun edges closer to the 2800 Elo rating mark, finishing with a live rating of 2796. The 21-year-old earned a prize of 20,000 Euros, defeating friend R. Praggnanandhaa in the semifinals, and plans to chase the 2800 milestone at the European Cup starting October 20.

Live Rating:

• Following this win, Arjun’s live rating reached 2796, bringing him closer to the coveted 2800 Elo rating mark.

Prize Money: He earned a prize of 20,000 Euros for his victory.

Path to the Final:

• Arjun began the tournament by defeating nine-year-old Bodhana Sivanandan and Indian Grandmaster Vidit Gujrathi.
• In the semifinals, he triumphed over R. Praggnanandhaa with a score of 1.5-0.5.

Final Match Highlights:

• The final featured two drawn games: the first was an easy draw with black pieces, while the second was a complex Sicilian Najdorf battle.
• Arjun secured his victory in the Armageddon game, maintaining control and neutralizing Vachier-Lagrave’s attempts to sacrifice.

New Zealand Wins ICC Women’s T20 World Cup After 23 Years

New Zealand Women’s Team Lift the 9^th edition ICC T20 World Cup After 23 Years at the Dubai International Cricket Stadium. They defeated the South African team with 32 runs. South Africa won the toss and opted to Bowl first. The New Zealand Team set the target of 158-5 after completing 20 overs

Host country: ICC Women’s T20 World Cup 2024 will be held in the two host cities of Dubai and Sharjah

In the final match of the T20 series between New Zealand Women and South Africa Women, the following awards were given:

Awards

• Player of the Match: Amelia Kerr
• Player of the Series: Amelia Kerr

T20 Women’s World Cup History

The ICC Women’s T20 World Cup is the premier international championship for women’s Twenty20 cricket. Here’s a brief overview of its history:

• Inception: The first tournament was held in 2009 in England, marking the beginning of the T20 World Cup for women.
• Format: The tournament features national teams competing in a T20 format, typically held every two years.
• Significance: It has grown in prestige and popularity, showcasing the talent and skill of women’s cricket on a global stage.

T20 Women’s World Cup Winners

• 2009: England (host)
• 2010: Australia (host)
• 2012: Australia (host)
• 2014: Australia (host)
• 2016: Australia (host)
• 2018: Australia (host)
• 2020: Australia (host)
• 2023: Australia (host)

India’s Achievements

• Runner-Up: India has reached the finals in 2020 and 2023, finishing as runners-up both times:
  • 2020: Lost to Australia in the final.
  • 2023: Lost to Australia in the final.

Important days

World Statistics Day 2024, Date, Theme, History and Significance

World Statistics Day is an international celebration held every five years to highlight the significance of statistics in shaping societies, improving lives, and driving informed decision-making. In 2024, the global community will come together on October 20th to commemorate this special day. This celebration underscores the vital role statistics play in fostering sustainable development, promoting transparency, and empowering policymakers across the world.

Purpose:

• The day emphasizes the importance of statistics in shaping societies, improving lives, and informing decision-making.
• It highlights the role of statistics in fostering sustainable development, promoting transparency, and empowering policymakers globally.

History:

• The inaugural World Statistics Day was observed on October 20, 2010, following a resolution by the United Nations General Assembly.
• The 2024 celebration marks the fourth occurrence of this event.

Significance of Statistics:

• Statistics are crucial for modern governance and economics, often termed the backbone of these fields.
• Reliable data is essential for:
  • Monitoring socio-economic progress.
  • Implementing evidence-based policies.
  • Achieving the United Nations Sustainable Development Goals (SDGs).

The National Statistical Commission of India is an autonomous body which formed on 12 July 2006 under the recommendation of Rangarajan commission. 

• Founded: 12 July 2006
• Autonomous Body executive: Rajeeva Laxman Karandikar, (Chair)
• Formed: 12 July 2006 (decided on 01.06.2005
• Headquarters: New Delhi
• Parent department: Ministry of Statistics and Programme Implementation
• The Ministry of Statistics and Programme: Agency executive: Rao Inderjit Singh, Minister of State (Independent Charge)

National news

NITI Aayog to Host International Methanol Seminar

The Second International Methanol Seminar and Expo 2024, hosted by NITI Aayog, will be held on October 17-18, 2024, at the Manekshaw Centre, New Delhi. This event is part of India’s Methanol Economy Programme, launched in 2016 in collaboration with the Methanol Institute, USA. The seminar will focus on the role of methanol as a low-carbon fuel and its significance in the global energy transition, with an emphasis on green shipping.

Key government-supported R&D projects include:

• High-ash coal to methanol conversion
• DME (Dimethyl Ether) production
• Conversion of diesel engines to methanol blends (MD15)
• Methanol use in cooking and heating.

The Methanol Expo will showcase cutting-edge technologies in methanol production, storage, and application.

NITI aayog: NITI Aayog, or the National Institution for Transforming India Aayog, is a policy think tank of the Government of India established on January 1, 2015. It replaced the Planning Commission, which was responsible for formulating five-year plans for the country.

The key officials of NITI Aayog are:

• Narendra Modi: The Prime Minister of India and the Chairperson of NITI Aayog
• Suman Bery: The Vice Chairperson of NITI Aayog
• B. V. R. Subrahmanyam: The Chief Executive Officer (CEO) of NITI Aayog

Indian Railways Reduces Advance Reservation Period from 120 to 60 Days

The Indian Railways has announced a significant policy change, reducing the Advance Reservation Period (ARP) for long-distance train bookings from 120 days to 60 days, effective November 1, 2024. This change aims to enhance passenger convenience by minimizing fund blockage for advance ticket purchases, particularly during peak travel seasons like festivals.

Key Details:

• Effective Date: November 1, 2024; bookings made before October 31 will retain the 120-day ARP.
• Cancellations: Passengers can cancel bookings beyond the new 60-day ARP without issues.
• Exemptions: Daytime express trains like the Taj Express and Gomti Express will maintain their existing advance reservation limits, and the 365-day advance booking for foreign tourists remains unchanged.

Reasons for Change:

• Administrative Load Reduction: High cancellation (around 21%) and no-show rates (4-5%) have prompted this revision, leading to resource wastage.
• Encouraging Genuine Bookings: Shortening the ARP aims to mitigate fraudulent activities and promote genuine reservations, as 85% of tickets are typically booked less than two months in advance.

Indian Railways Overview

• Founded: 1853
• Headquarters: New Delhi, India

Key Officials

1. Minister of Railways: Ashwini Vaishnaw: He is also the Minister of Communications and Electronics & Information Technology.
2. Chairman of the Railway Board: Satish Kumar

Maharishi Valmiki’s Name for All ST Schools, Raichur University: CM Siddaramaiah

On Valmiki Jayanti, Karnataka Chief Minister Siddaramaiah announced the renaming of all Scheduled Tribe (ST) residential schools and Raichur University in the state after Maharishi Valmiki. This decision was made during a celebration organized by the Department of Backward Classes Welfare to honor Valmiki’s contributions.

Key Points from Siddaramaiah’s Address:

• Renaming Initiative: All ST residential schools and Raichur University will honor Maharishi Valmiki, emphasizing the need to remember and celebrate his life and contributions.
• Welfare Commitment: The CM highlighted his government’s dedication to marginalized communities, including the establishment of hostel facilities in every hobli and the implementation of Scheduled Castes Sub Plan (SCSP) and Tribal Sub Plan (TSP) policies for equitable budget allocations.
• Call for Unity: Siddaramaiah urged marginalized groups to unite, seek truth, and reflect on their realities, rather than following others blindly.
• Cultural Contributions: He recognized the significant literary contributions of historically marginalized communities, mentioning that Kalidasa and other influential figures belonged to such backgrounds.
• Valmiki’s Legacy: The CM addressed myths about Valmiki, noting his mastery of Sanskrit and authorship of the Ramayana, which embodies principles of equality and fairness.

Valmiki Jayanti:

• Celebrated on October 17, this day honors Maharishi Valmiki, the Adi Kavi or first poet of Sanskrit literature. His epic, the Ramayana, teaches ethics, morality, and the triumph of good over evil. Across India, various prayers, rituals, and cultural activities are held to reflect on his teachings and contributions to Indian culture.

About Valmiki:

• Maharishi Valmiki, originally named Ratnakar, transformed from a life of crime to become a sage following a divine encounter, marking his significant impact on Sanskrit literature and Indian philosophy.

India’s First Self-Powered Indoor Air Quality Monitor Launched at Thiruvananthapuram Airport

Dr. Jitendra Singh, the Union Minister of State for Science and Technology, inaugurated Pavana Chitra, India’s first self-powered indoor air quality monitoring facility, at Thiruvananthapuram International Airport. This facility is notable for being powered by indigenous solar cells developed by the CSIR-NIIST using locally sourced materials.

Key Details:

• Inauguration: Pavana Chitra marks a significant advancement in air quality monitoring, emphasizing India’s commitment to sustainable technology.
• Technology: The facility operates off-grid, showcasing India’s capabilities in harnessing homegrown solutions to tackle environmental issues.

Focus on Biotechnology:

During a subsequent event at the Rajiv Gandhi Centre for Biotechnology, Dr. Singh highlighted the crucial role of biotechnology in India’s upcoming industrial revolution and its potential for global leadership. He met with 300 SC/ST farmers and artisans, emphasizing the need for innovative strategies to enhance the value of agricultural products and assert India’s leadership in the biotechnology sector.

Sanskrit to Become Mandatory in 416 Uttarakhand Madrasas

The Uttarakhand Madrasa Education Board (UMEB) has proposed to make Sanskrit a compulsory subject in 416 madrassas across the state, aiming to enhance the educational curriculum and promote academic growth for over 70,000 students.

Key Details:

• Compulsory Sanskrit Proposal: The initiative seeks to formally introduce Sanskrit as a mandatory subject, with a proposal already drafted and discussions in progress with the state’s Sanskrit department.
• MoU: To facilitate this integration, the UMEB plans to sign a Memorandum of Understanding (MoU) with the Sanskrit department to ensure collaboration and resource sharing.
• Integration of Computer Studies: Alongside Sanskrit, the board is considering the addition of computer studies to enrich the madrassa curriculum.
• Positive Educational Outcomes: The introduction of the NCERT syllabus in madrassas has led to over 95% student success this year, highlighting the effectiveness of updated educational content.
• Recruitment of Sanskrit Teachers: After obtaining government approval, madrassas will start recruiting qualified Sanskrit teachers to implement the new curriculum.
• Current Language Offerings: Arabic is currently taught in over 100 madrassas, and the integration of both Arabic and Sanskrit classes is expected to create a diverse linguistic environment for students.

‘Mera Hou Chongba’ A Celebration of Unity in Manipur

The “Mera Hou Chongba” festival was celebrated in Manipur amid ongoing ethnic tensions between the Meitei and Kuki-Zo communities. This annual festival is a vital cultural event focused on reinforcing bonds of brotherhood and harmony among the state’s indigenous communities, emphasizing Manipur’s rich cultural diversity.

Key Details:

• Date and Location: The festival occurred on the 15th Lunar day of Mera Month, held at Sana Konung and Kangla Uttra in Imphal, the capital of Manipur.
• Objective: The primary aim of “Mera Hou Chongba” is to promote unity and solidarity among various ethnic groups in Manipur, particularly between the communities in the hills and valleys.
• Participants: The event featured participation from village chiefs, cultural troupes, and invitees from various villages, showcasing a diverse representation of the state’s indigenous cultures.

Manipur:

• Capital: Imphal (Executive Branch)
• Governor: Lakshman Acharya
• Chief minister: N. Biren Singh

Despite the current ethnic tensions, the festival serves as a reminder of the importance of communal harmony and cultural richness in Manipur.

Economy news

World Bank Maintains India’s GDP Growth Forecast at 7% for FY25

On October 10, 2024, the World Bank (WB) released its report titled “South Asia Development October 2024 Update: Women, Jobs and Growth,” retaining India’s Gross Domestic Product (GDP) growth forecast for Financial Year 2024-25 (FY25) at 7% Year-on-Year (Y-o-Y). This projection is attributed to:

• Increased Agricultural Production: Higher yields contributing to economic growth.
• Robust Employment Growth: Driven by effective policy initiatives.
• Boost in Private Consumption: Reflecting enhanced consumer spending patterns.

Additionally, the World Bank has kept India’s GDP growth forecast at 6.7% for FY26 (2025-26).

Key Highlights from the Report:

• The World Bank has increased its growth projection for the South Asia region to 6.4% in 2024, up from a previous estimate of 6.0%. This positive adjustment is influenced by:
  • Strength of Domestic Demand: Particularly in India.
  • Quicker Recoveries: In crisis-affected countries like Sri Lanka and Pakistan.
• The report anticipates South Asia’s output growth will moderate to 6.2% in 2025, supported by strong private consumption in India and increased tourism and hydropower exports from Bhutan, Nepal, and Sri Lanka.

About the World Bank:

• President: Ajay Banga
• Headquarters: Washington, D.C., USA
• Established: 1944

Banking news

Utkarsh Small Finance Bank Appoints Mary Kom and Sunil Chhetri as Brand Ambassadors

Utkarsh Small Finance Bank (SFB) has appointed Mary Kom, an Olympic boxer, and Sunil Chhetri, the former captain of the Indian football team, as its brand ambassadors. Their roles will focus on promoting various initiatives, including:

• Financial Literacy Campaigns: Aimed at educating the public about financial management.
• Product Launches and Branch Inaugurations: Enhancing the bank’s outreach and engagement.
• Social Media Campaigns: Focusing on financial inclusion and resilience.

The bank plans to launch a multi-channel campaign featuring ad films and social media content that highlight stories of financial empowerment, with both ambassadors at the forefront.

About Mary Kom

• Full Name: Mangte Chungneijang Mary Kom
• Achievements:
  • Only woman to win the World Amateur Boxing Championship six times.
  • First Indian female boxer to win a gold medal at the Asian Games (2014) and the Commonwealth Games (2018).
  • Represented India at the 2012 London Summer Olympics, winning a bronze medal.
• Awards: Padma Shri (2006), Padma Bhushan (2013), Padma Vibhushan (2020), and the Rajiv Gandhi Khel Ratna (2009).

About Sunil Chhetri

• Position: Former captain of the Indian national football team (2005-2024).
• Achievements:
  • Scored 94 goals in 151 international appearances.
  • Key player in winning the SAFF Championship in 2011, 2015, 2021, and 2023.
  • First Indian footballer to play in the Major League Soccer (MLS) for the Kansas City Wizards in 2011.
• Awards: Padma Shri (2019), Major Dhyan Chand Khel Ratna (2021), and multiple AIFF Player of the Year awards.

About Utkarsh Small Finance Bank

• Managing Director & CEO: Govind Singh
• Headquarters: Varanasi, Uttar Pradesh
• Founded: April 2016
• Tagline: “Aap Ki Umeed ka Khata”

Appointment news

Ganguly Takes Charge as JSW Sports Director of Cricket, Heads Delhi Capitals

Sourav Ganguly, the former Indian cricket captain and ex-BCCI President, has been appointed as the Director of Cricket for JSW Sports. In this position, he will oversee all cricketing operations, including managing key franchises such as the Delhi Capitals (men’s and women’s IPL teams) and the Pretoria Capitals in the SA20 League.

Key Highlights:

• Role at JSW Sports: Ganguly will lead all cricket-related activities and manage cricketing properties under JSW Sports.
• Past Association: He has a long-standing relationship with JSW Sports, having joined Delhi Capitals in 2019 as an advisor. He later became the Director of Cricket for the team, collaborating closely with head coach Ricky Ponting.
• Statements:

• Parth Jindal, founder of JSW Sports, expressed enthusiasm about Ganguly’s appointment, highlighting his status as family within the organization and recognizing his sharp cricketing mind.
• Ganguly expressed his excitement about rejoining JSW Sports, emphasizing his strong personal and professional connections with the JSW Group and the Jindal family. He is confident in contributing to the organization’s innovative cricket projects.

JSW:

• Headquarters: Maharashtra
• Founder: Sajjan Jindal
• CEO: Prashant Jain (17 Jun 2017–)
• Date founded: 1994

Agreement news

AICTE and SIDM Sign MoU to Enhance Academia-Industry Collaboration in Defence and Aerospace

The All India Council for Technical Education (AICTE) and the Society of Indian Defence Manufacturers (SIDM) have signed a Memorandum of Understanding (MoU) in New Delhi aimed at creating a future-ready workforce for the Defence and Aerospace sectors.

• Key Signatories: The MoU was signed by Prof. T.G. Sitharam, Chairman of AICTE, and Rajinder Singh Bhatia, President of SIDM, in the presence of Union Minister Rajnath Singh from the Ministry of Defence.
• Objectives: The MoU seeks to establish a robust partnership between academia and the defence industry, focusing on:
  • Training graduates from AICTE-approved institutions to meet the needs of the Defence and Aerospace sectors.
  • Facilitating the hiring of skilled graduates by the defence industry.
• Duration: The agreement is set for three years and includes initiatives to:
  • Develop faculty and student capabilities through awareness programs.
  • Provide industry internships in Defence and related sectors to enhance students’ employability.

Sports news

Vivaan Secures Silver, Naruka Takes Bronze at Shooting World Cup

India’s shooting contingent made a strong mark at the ISSF World Cup Final with Vivaan Kapoor securing a silver medal in the men’s trap event and Anant Jeet Singh Naruka claiming a bronze in the men’s skeet competition. These achievements raised India’s total medal count to four at the prestigious event, reflecting the nation’s growing prowess in the global shooting arena.

Key Highlights:

• Vivaan Kapoor won a silver medal in the men’s trap event, scoring 44 in the final. The gold medal was awarded to Ying Qi of China, while Tolga N Tuncer from Turkey took home the bronze with a score of 35. Kapoor qualified for the final with a score of 120 out of 125.
• Anant Jeet Singh Naruka earned a bronze medal in the men’s skeet competition, shooting 43 in the final. The gold and silver medals went to Italy’s Tammaro Cassandro and Gabriele Rossetti, with scores of 57 and 56, respectively. Naruka qualified by scoring 121 out of 125.
• India’s medal tally was bolstered by Sonam Maskar, who won silver in the women’s 10m air rifle, and Akhil Sheoran, who secured a bronze in the men’s 50m rifle 3 positions.
• Naruka and Maheshwari Chauhan narrowly missed a podium finish in the skeet mixed team event, finishing fourth after losing the bronze medal match to China at the Paris Olympics.

Neetu David, Alastair Cook, and AB de Villiers Inducted into ICC Hall of Fame

In a historic moment for cricket, Neetu David, along with Alastair Cook of England and AB de Villiers of South Africa, has been inducted into the ICC Hall of Fame for 2024. This recognition is particularly significant for women’s cricket in India, as David becomes the second Indian woman to receive this honor, following Diana Edulji‘s induction in 2023.

Neetu David

• A celebrated left-arm spinner, David played 10 Tests and 97 ODIs for India from 1995 to 2008, taking 41 and 141 wickets, respectively.
• She is renowned for her exceptional bowling performance of 8/53 against England in 1995, the best figures by a woman in a Test innings.
• After retiring, David has been pivotal in promoting women’s cricket as the chairperson of India’s national selection committee.

Alastair Cook

• Cook is one of the finest opening batters in Test history, scoring 12,472 runs in 161 Tests and 3,204 runs in 92 ODIs.
• Known for his consistency and leadership, he captained England to significant victories, including the 2010-11 Ashes and the 2012 series in India.
• He holds the world record for playing 159 consecutive Test matches.

AB de Villiers

• De Villiers is celebrated for his innovative batting, scoring over 20,000 international runs across all formats with averages above 50 in both Tests and ODIs.
• He holds the record for the fastest ODI century and is also regarded as one of cricket’s best fielders.

Rafael Nadal Announces Retirement from Professional Tennis

On October 10, 2024, Spanish tennis legend Rafael Nadal announced his retirement from professional tennis, effective at the end of 2024. His final tournament will be the Davis Cup 2024, scheduled for November in Malaga, Spain.

Career Highlights

• Early Start: Nadal began his professional career in 2001 at the age of 15.
• Total Titles: He has amassed 92 singles titles, including 22 Grand Slam titles, 11 doubles, and 6 team titles.
• World No. 1: Achieved the No. 1 ranking in the world for the first time in 2008, after defeating Roger Federer in the Wimbledon final.
• Career Golden Slam: At 24, he became the youngest male player to complete the Career Golden Slam, winning all four Grand Slam tournaments and the Olympic gold medal in singles and doubles.
• Surface Slam: In 2010, Nadal won Grand Slam titles on three different surfaces in the same year.
• Dominance at ATP Events: He holds the record for the most titles in the ATP tour events at Monte-Carlo (11 titles) and Barcelona (12 titles).

Nadal’s retirement marks the end of an illustrious career, highlighting his immense contributions to the sport and his status as one of the greatest tennis players of all time.