NATIONAL UPDATES:
1. IIM Kashipur to host Uttishtha 2024: IIM Kashipur will
host the 7th edition of Uttishtha
2024, an ‘Agri Mela’ Startup Expo scheduled for Jan 27-28. The two-day
summit, organized by the Foundation for Innovation and Entrepreneurship
Development (FIED) and e-Cell IIM Kashipur, and supported by the Department of
Agriculture and Farmers’ Welfare, aims to provide a platform for agri-startups,
industry stakeholders, and investors to share insights on entrepreneurship. The
event anticipates participation from over 2,000 business-school students, over
20 vice-chancellors and entrepreneur talks, and more than 100 startups.
2. 14th All India Police Commando Competition organized
in Visakhapatnam: The 14th All India Police Commando competition
organized at the A.P. Police Greyhounds Training Facility, Around
16 states have sent their elite commando forces for the competition including
forces such as the Special Operations Group (SOG) from Odisha and Chhattisgarh,
C- 60 from Maharashtra, the paramilitary forces such as BSF, CRPF, Assam
Rifles, ITBP, RPF, SSB and CISF, among others. Each team will comprise 13-15
commandos and the competition will be held in five phases in a week, wherein
the participants’ skill, endurance and teamwork will be tested. The commandos
will be judged by an expert team from the Intelligence Bureau (IB). The State
team comprises personnel from the Greyhounds and Octopus.
3. Vice-President inaugurated ‘Hamara Samvidhan, Hamara
Samman’ campaign: The Vice-President, Jagdeep Dhankhar has inaugurated
a year-long pan-India campaign ‘Hamara
Samvidhan, Hamara Samman’ to commemorate the 75th Year of India as
Republic at Dr. Ambedkar International Centre. The campaign aims to reaffirm
our collective commitment to the principles enshrined in the Constitution of
India and celebrate the shared values that bind our nation. This nationwide
initiative envisages to instill a sense of pride and responsibility to uphold
the ideals outlined in the constitutional framework. Another activity named Nav
Bharat Nav Sankalp aims to encourage the masses to embrace the resolutions of
Panch Pran by reading the Panch Pran Pledge. The third activity Vidhi Jagriti
Abhiyan aims to involve the students to carry the message Panch Pran in the
villages adopted by the Law colleges, under the Pro Bono Club scheme.
4. DGCA slaps Rs 1.10 crore penalty on Air India for
safety violations: Aviation regulator Directorate General of
Civil Aviation (DGCA) has imposed a penalty of Rs 1.10 crore on Air India for
safety violations amid a series of incidents of flight
irregularities. According to the receipt of a voluntary safety report from an
airline employee alleging safety violations of flights operated by Air India on
certain long-range terrain critical routes. Recently, IndiGo was fined Rs 1.20
crore as the passengers of one of its flights came out on the tarmac and
started eating food.
5. Karnataka HC Chief Justice appointed as Supreme Court
judge: The Union government has approved
the Supreme Court Collegium’s
recommendation for elevation of Karnataka High Court’s Chief Justice Prasanna B
Varale as a judge of the top court. In exercise of the powers conferred
by the Constitution, President, after consultation with Chief Justice of India,
is pleased to appoint Justice Prasanna Bhalachandra Varale, Chief Justice of
the Karnataka High Court as Judge of Supreme Court. After the development, the
Supreme Court would work with its sanctioned strength of 34 judges. On January
19, the five-judge Collegium led by Chief Justice of India D Y Chandrachud
picked up name of Justice Varale, senior-most Judge belonging to a Scheduled
Caste to fill up the vacancy created upon retirement of Justice Sanjay Kishan
Kaul on De 2023.
6. 25 January – National Voters Day: The National Voters’ Day is celebrated every year in India on January 25 to encourage the
country’s voters to participate in the electoral process. This year, it is the
14th edition which is being celebrated. Theme 2024 – Nothing Like Voting, I
Vote For sure
The
first-ever National Voters’ Day was celebrated on January 25, 2011, to
encourage more young voters to take part in the electoral process where the
Union government, then led by Prime Minister Manmohan Singh, had approved a
proposal of the law ministry to this effect.
INTERNATIONAL UPDATES:
1. Sankey Prasad appointed as CMD for Project Leaders
Middle East: Global diversified professional services and
investment management company has appointed Sankey Prasad as Chairman and Managing Director (CMD) for India and
Middle East Engineering and project management business, which is under
the name of Colliers Project Leaders Middle East. Under Prasad’s leadership in
India, Colliers has diversified into new markets, developed cutting-edge
technologies, expanded its range of services, delivered more than 130 million
square feet of real estate development spanning India, West Asia, Africa, and
South Asia, and achieved 30 percent y-o-y growth in four years.
2. 24 January – International Day of Education: The International Day of Education is observed across the globe on January 24 to
underscore education as a basic human right and a public responsibility. International
Day of Education is envisioned to promote gender equality, inclusivity, and
poverty eradication through quality education and democratic participation. Theme
2024 – Learning for lasting peace
On December 3, 2018, the United Nations General Assembly (UNGA) adopted a
resolution that proclaimed January 24 as the International Day of Education. The
UNGA aimed to highlight and celebrate the role of learning for development. The
adoption of the resolution 73/25 “International Day of Education” was
co-authored by Nigeria and 58 other member states to promote inclusive,
equitable, and quality education for all.
OTHER UPDATES:
SPORTS
1. Shastri, Engineer honoured with Col CK Nayudu Lifetime
Achievement Award: Former Coach of Indian cricket team Ravi Shastri and former India
wicketkeeper Farokh Engineer have
been honoured with the CK Nayudu
Lifetime Achievement Award by BCCI. Star batter Shubman Gill was
conferred with the Polly Umrigar Best Men’s International Cricketer of the Year
(2022-23) award. Last year, Gill became the fastest batsman to reach the
2000-run mark in ODIs in the process of making 1584 runs from 29 matches at an
average of 63.36 including five hundreds. Young opener Yashasvi Jaiswal grabbed
the award for the Best International Debut during the 2022-23 season after
cracking a 171 against the West Indies at Roseau in July last year. Spinner
Deepti Sharma grabbed the International Women’s Cricketer of the Year award for
the 2022-23 season.
BANKING AND FINANCE
1. CCI approves proposed merger of Fincare SFB with AU
Small Finance Bank: The Competition Commission of India
(CCI) has approved the proposed merger of Fincare Small Finance Bank
Limited into and with AU Small Finance Bank. The board of the bank
had approved the merger in October 2023 following which it received the
shareholder approval in November 2023. The merger is now awaiting the approval
of the Reserve Bank of India. The merger will help the bank expand its reach,
diversify its offerings and promote its financial inclusion portfolio. It had
also guided that the merged entity should come into effect from February 1,
2024, subject to necessary approvals.
2. SBI Life Insurance launches two new term plans with
return of premium: SBI Life Insurance, a private life insurer, has launched two
products– ‘SBI Life – Saral Swadhan Supreme’ and ‘SBI Life – Smart Swadhan
Supreme’. These two new products not only provide a life cover but also benefit
of return of premiums at maturity, to fulfill customers’ financial objectives. The
new products are designed to empower customers by catering to the growing
awareness of the essential link between insurance and financial well-being. These
plans offer a lumpsum benefit on the policyholder’s demise during the policy
term and also pay back the total premiums paid in case the life assured
survives the policy term.
3. Yes Bank becomes first Indian bank to conduct export
finance transactions on RXIL’s ITFS: Yes Bank has become the first Indian bank to execute
an export finance transaction on the International Trade Financing
Services Platform (ITFS) of RXIL Global IFSC Limited (RXIL), a leading
cross-border fintech company registered under the International Financial
Services Centres Authority (IFSCA). This strategic partnership facilitates
arranging credit for exporters and importers from both Indian and Global
Institutions through Factoring, Forfaiting, and other trade financing services
at competitive pricing with quick turnaround using a digital platform. This is
the first transaction on the ITFS platform in collaboration with any bank in
India. The collaboration between Yes Bank and RXIL is a testament to the Bank’s
commitment towards digitalisation and fostering cross-border business.
AWARDS AND HONOURS
1. UP selected Subhash Chandra Bose Aapda Prabandhan
Puraskar 2024: For the year 2024, 60 Parachute Field
Hospital, Uttar Pradesh, in the Institutional category, has been selected
for the Subhash Chandra Bose Aapda Prabandhan Puraskar-2024 for its excellent
work in Disaster Management. The Government of India, under the leadership of
Prime Minister Narendra Modi, has instituted an annual award known as Subhash
Chandra Bose Aapda Prabandhan Puraskar to recognize and honour the invaluable
contribution and selfless service rendered by individuals and organizations in
India in the field of disaster management. The award is announced every year on
the birth anniversary of Netaji Subhash Chandra Bose. The award carries a cash
prize of Rs. 51 lakh and a certificate in case of an institution and Rs. 5 lakh
and a certificate in case of an individual.
2. Former Bihar CM Karpoori Thakur Awarded Bharat Ratna Posthumously: Former Chief Minister of Bihar Karpoori Thakur was conferred the nation’s highest honour, Bharat Ratna, posthumously by the President of India Droupadi Murmu. The award comes 35 years after his death — Karpoori Thakur died on February 17, 1988. Karpoori Thakur, born in January 1924, was a prominent figure in Bihar’s political landscape. Known for his deep connection with the backward classes, Thakur’s political journey was marked by his steadfast commitment to social justice. He served as Bihar’s Chief Minister twice, first from December 1970 to June 1971 and again from December 1977 to April 1979.
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