Daily GK Update- 30th Sept, 2024

 NATIONAL UPDATES:

 

1. Central Government Hikes Minimum Wage Rates, Effective From 1st October: The central government has announced an increase in minimum wage rates by revising the Variable Dearness Allowance.The new wage rates will take effect from 1st October. The minimum wage rates are categorized based on skill levels-unskilled, semi-skilled, skilled, and highly skilled, as well as by geographical areas A, B, and C.After the revision, minimum wage rates for workers in area ‘A’ in construction, sweeping, cleaning, and loading & unloading for unskilled work will be 783 rupees a day.For semi-skilled workers, the minimum wage will be 868 rupees a day, and for skilled, clerical, and watch & ward (without arms), the minimum wage will be 954 rupees a day.

For highly skilled workers and watch & ward (with arms), the revised wage will be 1,035 rupees a day.

 

2. Ministry of Tourism announces Winners of Best Tourism Villages Competition-2024: On the occasion of World Tourism Day on 27 September 2024, the Union Ministry of Tourism has announced the winners of the 2024 Best Tourism Villages Competition.The Ministry introduced the Best Tourism Villages Competition in 2023 to promote tourism in India’s soul (village).The first edition of the Best Tourism Villages Competition in 2023 saw applications from 795 villages.In the second edition of the Best Tourism Villages Competition, a total of 991 applications were received from 30 States and UTs, out of which 36 villages were recognized as winners across 8 categories of the Best Tourism Villages competition 2024.

 

3. Nitin Gadkari to inaugurate Oxygen Bird Park (Amrit Mahotsav Park): Union Minister for Road Transport and Highways Nitin Gadkari has inaugurated Oxygen Bird Park (Amrit Mahotsav Park) along the Nagpur-Hyderabad National Highway-44.Oxygen Bird Park (Amrit Mahotsav Park) is an eco-initiative developed by the National Highways Authority of India (NHAI) near Jamtha, along the Nagpur-Hyderabad National Highway-44.The project, which integrates environmental sustainability and recreational facilities, was formally approved in March 2023 with a development cost of ₹14.31 crores.A key aspect of the park is its focus on sustainability, showcased through its “Oxygen Park” feature

 

4. PK Gupta reappointed as Chairman of Utkarsh Small Finance Bank: Reserve Bank of India has approved the reappointment of Parveen Kumar Gupta as Non-Executive Chairman of Utkarsh Small Finance Bank.Gupta retired as a Managing Director of State Bank of India, after working for 38 years in India and abroad.He was also associated with Bank of Baroda as a senior advisor post-retirement.

 

5. Sumant Kathpalia reappointed as MD & CEO for IndusInd Bank: The board of directors of private sector lender IndusInd Bank has approved the re-appointment of Sumant Kathpalia as the managing director and chief executive officer (MD&CEO) of the bank for a period of three years.

The re-appointment will be effective March 24, 2025 upto March 23, 2028. Kathpalia has been the MD&CEO of the company since March 24, 2020.Kathpalia is a seasoned banker, with over 3 and a half decades of experience, and has previously worked in large multi-national banks such as Citibank etc.

 

INTERNATIONAL UPDATES:

 

1. Tourism Ministry Launches ‘Paryatan Mitra’ and ‘Paryatan Didi’ on World Tourism Day: On the occasion of World Tourism Day, the Ministry of Tourism has launched a national responsible tourism initiative titled Paryatan Mitra and Paryatan Didi.The primary aim of this initiative is to elevate the overall experience for tourists in destinations, by having them meet ‘tourist-friendly’ people who are proud Ambassadors and Storytellers for their destination.Under this initiative, special emphasis is being placed on the training of women and youth to enable them develop new tourism products and experiences like heritage walks, food tours, craft tours, nature treks, homestay experiences, and other innovative tourism products based on the potential of the destination.

 

2. India elected to GlobE Steering Committee on combating corruption: India has been elected to the fifteen-member steering committee of the GlobE Network following a multi-stage voting process during a plenary session in Beijing.The Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network) is an initiative launched under the G20 framework to address international corruption and financial crime.India’s election to the steering committee will allow it to actively contribute to global efforts in combating corruption and facilitating asset recovery.The GlobE Network provides a platform for international cooperation, enhancing the ability of member countries to address cross-border corruption and financial crime.India has been a supporter of this initiative since 2020, with the network officially launched on June 3, 2021, during a UN General Assembly Special Session against Corruption (UNGASS).

 

3. Global Innovation Index 2024 – India at 39th; topped by Switzerland: India’s ranking in the 2024 Global Innovation Index (GII) has improved to 39, up from 40 in the last edition.India’s ranking has improved by 42 in the last nine years, from 81st in 2015 to 39 in 2024.Switzerland maintained its position as the top-ranked country, while Angola, an African country, was at the bottom.The Global Innovation Index has been published by the World Intellectual Property Organisation (WIPO) every year since 2007. In the 17th edition, 133 countries and the world’s top 100 science and technology clusters were ranked based on innovation performance.The countries are evaluated using around 80 indicators grouped into four parameters: science and innovation investment, technological progress, technology adoption and the socioeconomic impact of innovation.

 

4. 28 September – World Rabies Day: World Rabies Day is observed every year on September 28. Objective – To raise awareness about rabies prevention and to highlight progress in defeating this horrifying disease.Theme – Breaking Rabies Boundary

 

5. 29 September – World Heart Day: World Heart Day is celebrated annually on September 29th.

Objective – To raise awareness about the importance of heart health and preventing cardiovascular diseases.Theme 2024 – Use Heart for ActionThe day brings people together to increase awareness, engage communities and advocate for universal access to cardiovascular disease prevention, detection and treatment.The concept of World Heart Day was inspired by Antoni Bayes de Luna, who served as WHF president from 1997 to 1999. While it was first established in 1999, the first celebration did not take place until September 24, 2000.

 

6. 30 September – International Translation Day: International Translation Day is celebrated on September 30th every year to honor the work of translators and interpreters.Objective – To promote dialogue and understanding between people from different cultures and linguistic backgrounds.Theme 2024 – Translation, an Art Worth Protecting: Moral and Material Rights for Indigenous Languages.Established by the United Nations in 2017, International Translation Day serves as a tribute to the tireless efforts of translators and interpreters in promoting dialogue, peace, and mutual understanding among individuals from diverse linguistic and cultural backgrounds,” according to UNESCO.

 

7. 29 September – International Day of Awareness on Food Loss and Waste Reduction: The International Day of Awareness of Food Loss and Waste (IDAFLW) is celebrated on September 29th each year.The day’s goal is to raise awareness about food loss and waste, and to encourage action to reduce it.Theme 2024 – Climate Finance for Food Loss and Waste ReductionThe 2030 Agenda for Sustainable Development – specifically SDG 12, Target 12.3 – calls for halving per-capita global food waste at the retail and consumer levels and reducing food losses along production and supply chains.

OTHER UPDATES:

DEFENCE

 

1. 8th edition of India -Kazakhstan military EX KAZIND 2024 begins in Auli: India -Kazakhstan joint military exercise KAZIND -2024 commenced at the mountainous Surya Foreign Training node in Auli, Uttarakhand.The 8th edition of KAZIND-2024 will be held in Auli from 30 September to 13 October 2024.The last edition of the annual bilateral military exercise was held in Otar, Kazakhstan, from 30 October to 11 November 2023.For the first time, the Air Forces of both countries and the Airborne Assault Forces of Kazakhstan participated.The Indian Armed Forces, comprising 120 personnel, are being represented by a battalion of the KUMAON Regiment of the Indian Army, along with other arms and services, as well as personnel from the Indian Air Force.

 

SPORTS 

 

1. Kamal Chawla clinches Gold in IBSF World 6 Red Snooker Championship: In snooker, Indian veteran Kamal Chawla has clinched his maiden IBSF World 6-Red title with a commanding 6-2 victory over Pakistan’s Asjad Iqbal in the final at Ulaanbaatar, Mongolia.This triumph marks a significant turnaround for Chawla, who was the runner-up in the 2017 edition of the tournament. India also won three more bronze medals through Malkeet Singh, Vidya Pillai, and Keerthana Pandian.In the women’s category, India’s Vidya was unable to defend her title, finishing with a bronze medal after a hard-fought semifinal loss to Hong Kong’s Ng On Yee, with the scoreline at 2-4.

 

2. BCCI inaugurates state-of-the-art ‘Centre of Excellence’ in Bengaluru: The Board of Control for Cricket in India (BCCI) has officially opened the new National Cricket Academy (NCA) in Bengaluru, now named the BCCI Centre of Excellence.This state-of-the-art facility, envisioned by BCCI Secretary Jay Shah, aims to cultivate the next generation of cricket talent while promoting advancements in sports science across India.Spanning over 40 acres, the Centre of Excellence is equipped with three cricket grounds and a total of 86 pitches, offering both indoor and outdoor training options.The main ground, Ground A, features an 85-yard boundary and 13 meticulously maintained pitches made from Mumbai red soil, ready for action.

 

3. Gulveer Singh breaks his 5000m National Record in Japan: Gulveer Singh broke his national record in the men’s 5000m event by clocking 13:11.82 to win gold at the World Athletics Continental Tour in Niigata, Japan.Gulveer, in June this year, had broken Avinash Sable’s record at the 2024 Portland Track Festival by clocking 13:18.92.The 26-year-old surpassed Avinash’s record of 13:19.30 set at the Sound Running On Track Fest 2023 in LA to secure a personal best.

The 26-year-old missed the Paris Olympic qualification mark by over 13 seconds.

 

BANKING AND FINANCE

 

1. IDBI Bank launched Sugam Rinn Bhugtan Yojana for one time settlement of retail NPAs: IDBI Bank has launched a special Scheme “Sugam Rinn Bhugtan Yojana (SUGAM)”, to boost its recovery efforts through one time settlement of Retail NPAs up to March 31, 2021.The scheme will be applicable to borrower’s principal outstanding above Rs.0.10 crore and up to Rs.10 crore (subject to eligibility criteria), at relaxed terms.It will provide a renewed opportunity to the borrowers who are in distress and are willing to settle their dues to avoid legal entanglement. The scheme will end on March on 2025.The scheme will not be applicable where the sanction given under general One Time Settlement (OTS)/ Negotiated Settlement (NS), if it is in currency, where formal offer for settlement along with upfront amount has been received before launch of this scheme and the proposal is under consideration.

 

2. HDFC Bank launches instant SIP via SmartWealth app: HDFC Bank has launched updates to its SmartWealth app. One of the key additions is the Instant SIP, which allows users to invest in mutual funds on the same day they identify an opportunity.This feature enables users to capitalise on favorable market conditions immediately. It caters to those who wish to respond quickly to market changes.Alongside the Instant SIP, the Unified Dashboard has received a makeover. It now provides a consolidated view of all investments, including mutual funds, demat accounts, and fixed deposits.This revamped dashboard offers users a clearer understanding of their overall financial health, simplifying money management and keeping users informed.

 

3. Axis Bank’s new economy group launches Corporate Credit Card Suite for startups: Axis Bank has unveiled its Corporate Credit Card Suite designed specifically for start-ups within the New Economy Group (NEG).This innovative offering is tailored to streamline various financial processes for start-ups, including travel, expenses, and vendor payments.The suite consists of two distinct cards: the Executive Corporate Credit Card, catering to founders, and the Purchase Reward Credit Card, focused on expense management.

 

4. RBI organizes conference on Governance in Small Finance Banks in Bengaluru: The Reserve Bank of India had organized a daylong conference for the Directors of Small Finance Banks, SFBs in Bengaluru.The theme of the conference was ‘Governance in SFBs – Driving Sustainable Growth and Stability’.Delivering the keynote address, RBI Deputy Governor Mr. Swaminathan J. encouraged the Directors to be vigilant and proactive in identifying and mitigating emerging risks.

He emphasised the need for strengthening cybersecurity and a stronger focus on financial inclusion, customer service and grievance redressal. He also highlighted the importance of sustainable business models.

 

 

 

Daily GK Update- 29th Sept, 2024

 NATIONAL UPDATES:

 

1. Kerala Tops Urban Governance Index in India: Kerala has earned the top spot in the Urban Governance Index (UGI) by the Praja Foundation, because of its strengths in managing finances and planning at the local level. However, the study also points out areas where Kerala can improve, especially in city administration. The UGI is a study that looks at how well cities are governed in India. It took two years to complete and checked various aspects of governance. Kerala scored 59.31 out of 100, beating Odisha, which scored 55.10. This index can attract investments and improve the sustainability of cities by keeping governance efficient and up-to-date.

 

2. India Jumps to 39th in Global Innovation Index 2024: India has moved up to 39th place out of 133 countries in the Global Innovation Index (GII) 2024. This shows a big improvement in how India supports innovation. Union Commerce and Industry Minister Piyush Goyal announced this news, highlighting that India is the leader in innovation in Central and Southern Asia. The GII is published every year and provides valuable information about different economies. It focuses on key areas like education and skills (human capital), infrastructure (like roads and buildings), and how advanced the market is.The 2021 report noted that India is becoming an important place for innovation. The GII also helps countries work together on innovation strategies, which can influence policies worldwide.

 

3. India Becomes Third Largest Ethanol Producer and Consumer: India has recently become the third-largest producer and consumer of ethanol in the world. This change is thanks to important policy changes made by the Indian government to encourage the use of biofuels and improve energy sustainability. The government has launched several programs to increase ethanol production, including financial support for sugarcane farmers and manufacturers. These policies aim to make more ethanol available for blending with fuels, reduce reliance on fossil fuels, and support farmers in rural areas.

 

INTERNATIONAL UPDATES:

 

1. New Invasive Flatworm Species Discovered in Southeastern USA: Scientists first noticed this flatworm in 2020, but they thought it was part of a different species, Obama nungara, which is from South America. After closer study, they realized it was a new and different species. This shows how important it is to correctly identify species.Amaga pseudobama has been confirmed in several southern states. It was even found in samples taken as early as 2015 in North Carolina, Georgia, and Florida. This means it may already be present in other nearby states and could have been spreading for the past decade. This flatworm is small and brown, only a few centimetres long. Its slimy body helps it move easily.

2. Shigeru Ishiba, Prime Minister of Japan: Shigeru Ishiba has been chosen as the new leader of Japan’s Liberal Democratic Party (LDP), replacing Fumio Kishida, who resigned due to corruption scandals and economic problems. The election was unusual, with nine candidates competing. Ishiba won in a close run-off against Sanae Takaichi, receiving 215 votes to her 194 after no one won a majority in the first round. The LDP selects its leaders through internal voting, not a public election. With general elections more than a year away, Ishiba might call for early elections to strengthen his public support.

 

3. ‘Most Dangerous Bird in the World’ Faces Extinction Threat: The cassowary, often called the ‘most dangerous bird in the world,’ is at risk due to hunting and habitat loss. With fewer than 5,000 left in Australia, efforts to protect this species are becoming more urgent. The cassowary is a large, flightless bird found in the rainforests of New Guinea and northern Australia. It is known for its bright blue neck, black feathers, red wattles, and a helmet-like structure called a casque on its head. Cassowaries are important for the environment because they spread seeds through their droppings, which helps maintain plant diversity in rainforests. Studies show that they can adjust their eating habits, which allows them to survive even in areas where habitats are fragmented.

 

4. Global Aerospace Summit Begins in Abu Dhabi: The Global Aerospace Summit recently held its seventh edition in Abu Dhabi from September 25 to 26, 2024. This event is an important platform for people involved in the aerospace industry to come together and discuss crucial topics such as sustainability, innovation, and involving young talent. During the summit, Rami El Samra, Vice President of Emirates, spoke about how AI could change aviation. He explained that adopting AI could make airline operations more efficient and improve the customer experience. He also reflected on how the aviation industry has evolved since Emirates was established in 1985.

OTHER UPDATES:

 

SCIENCE AND TECHNOLOGY

 

1. Scientists Discover New Mechanism for Protein Regulation in Cells: Scientists at the Biotechnology & Innovation Council — Centre for DNA Fingerprinting and Diagnostics (BRIC-CDFD) in Hyderabad have discovered a new process involving the Wntless (WLS) protein, which is crucial for the development of organs in animals with backbones (vertebrates). This discovery helps explain how proteins move inside cells. WLS is a protein found in cell membranes and is important for releasing another protein called Wnt3a. Wnt3a helps with signalling that guides the early stages of organism development. WLS ensures that proteins go to the right places in the cell, helping organs like the intestines, lungs, inner ear, and eyes develop properly.

 

2. New Zealand Scientists Discover Rare Ghost Shark Species: The new species, named the Australasian Narrow-nosed Spookfish (Harriota avia), was discovered in an area called Chatham Rise, located east of New Zealand. Ghost sharks live in very deep waters, sometimes as far down as 2,600 meters (1.6 miles), which makes them hard to study. At first, scientists thought this ghost shark was part of a species that is found in many places. However, genetic testing showed that Harriota avia is unique to the waters around Australia and New Zealand. Understanding these genetic differences is important for protecting the species.Studying ghost sharks is crucial for coming up with ways to protect them, especially since they live in such deep and difficult-to-reach parts of the ocean. Knowing more about their population and health will help scientists create plans to conserve them.

 

3. New Catfish Species Exostoma Sentiyonoae Discovered in Nagaland: A new species of catfish, called Exostoma sentiyonoae, has been discovered in the Dzuleke River in Nagaland, India. This river is part of the Barak River system, and the discovery is important because it shows how rich the region’s aquatic life is. This is the first time a member of the Exostoma genus has been found in the Dzuleke River. The discovery shows that there could be many more undiscovered species in the area because of its rough terrain and limited research on fish.

 

BANKING AND FINANCE

 

1. India Joins US-Led Minerals Security Finance Network: India has officially become part of the Minerals Security Finance Network (MSFN), a group led by the United States. This network was created to help countries work together to secure important minerals needed for technology and clean energy. The announcement was made by the US State Department on September 23, 2024, during the United Nations General Assembly. The network now includes 14 countries and the European Union.

 

2. Bank of Baroda Unveils Co-Branded Travel Debit Card in Collaboration with EaseMyTrip: Bank of Baroda, in collaboration with EaseMyTrip.com, has introduced a ‘Bank of Baroda EaseMyTrip Co-branded Travel Debit Card’, targeting frequent travellers and those spending on entertainment and lifestyle.This is the first co-branded travel debit card to be launched by a public sector bank.The card offers an array of exclusive benefits across travel bookings, hotel stays, OTT streaming platforms, and popular e-commerce sites, ensuring that users enjoy year-round savings with no minimum order value. From discounts on flights and hotel bookings to complimentary premium memberships, the card is designed to redefine the customer experience.

 

 

 

 

 

 

 

Daily GK Update- 28th Sept, 2024

 NATIONAL UPDATES:

 

1. New Catfish Species Exostoma Sentiyonoae Discovered in Nagaland: A new species of catfish, called Exostoma sentiyonoae, has been discovered in the Dzuleke River in Nagaland, India. This river is part of the Barak River system, and the discovery is important because it shows how rich the region’s aquatic life is. This is the first time a member of the Exostoma genus has been found in the Dzuleke River. The discovery shows that there could be many more undiscovered species in the area because of its rough terrain and limited research on fish.

 

2. Telangana Launches ‘Darshini’ Scheme for Educational Student Tours: The Telangana government has launched a program called ‘Telangana Darshini’ to give students educational experiences outside their regular classrooms. This program, led by the Youth Advancement, Tourism, and Culture Department (T&PMU), encourages students to go on educational tours around Telangana to learn in a hands-on, immersive way.

 

3. Karnataka Government Rejects Kasturirangan Committee Report: The Karnataka government has decided to reject the Kasturirangan committee report, which was created to protect important ecological areas (ESAs) in the Western Ghats. Despite earlier indications that the report might be reviewed, the government, after a Cabinet meeting, decided not to implement its recommendations. Many politicians and local representatives from districts like Shivamogga, Dakshina Kannada, and Udupi strongly oppose the report. They are concerned that following its recommendations could harm the livelihoods of people living in these areas. Local communities worry that the restrictions could limit their ability to carry out activities like farming or building, which are essential for their daily lives.

 

4. PM Modi Launches Three PARAM Rudra Supercomputers in India: Prime Minister Narendra Modi recently inaugurated three PARAM Rudra supercomputers and a High-Performance Computing (HPC) system. These advancements are important steps for India’s technological progress, made possible through the National Supercomputing Mission. The National Supercomputing Mission, which began in 2015, aims to increase India’s ability to handle complex calculations and support advanced scientific research. This mission is designed to boost various sectors like information technology (IT), manufacturing, and startups. The launch of these supercomputers is the result of years of effort under this mission.

 

INTERNATIONAL UPDATES:

 

1. Global Aerospace Summit Begins in Abu Dhabi: The Global Aerospace Summit recently held its seventh edition in Abu Dhabi from September 25 to 26, 2024. This event is an important platform for people involved in the aerospace industry to come together and discuss crucial topics such as sustainability, innovation, and involving young talent. During the summit, Rami El Samra, Vice President of Emirates, spoke about how AI could change aviation. He explained that adopting AI could make airline operations more efficient and improve the customer experience. He also reflected on how the aviation industry has evolved since Emirates was established in 1985.

 

2. India Joins US-Led Minerals Security Finance Network: India has officially become part of the Minerals Security Finance Network (MSFN), a group led by the United States. This network was created to help countries work together to secure important minerals needed for technology and clean energy. The announcement was made by the US State Department on September 23, 2024, during the United Nations General Assembly. The network now includes 14 countries and the European Union.

 

3. India to host the World Telecommunication Standardization Assembly (WTSA): India will host the World Telecommunication Standardization Assembly (WTSA) from 14th to 24th October 2024. This is a major event, and it will be the first time it is held in Asia. The Department of Telecommunications (DoT) has started Outreach Sessions across big cities to help students learn more about telecom standards and innovations by connecting them with industry experts. WTSA is an important global conference held every four years, organized by the International Telecommunication Union (ITU). More than 190 countries participate in the event. WTSA sets the global rules for telecommunication standards, which are crucial for current technologies like 5G and upcoming ones like 6G. By hosting WTSA 2024, India shows how it is becoming more influential in the world of telecommunications.

 

4. One In Three Children Affected By Myopia Surge: A recent study revealed that one in three children around the world now has short-sightedness, also known as myopia. This condition makes it difficult for children to see things clearly that are far away. The main reasons for this increase are more time spent looking at screens and less time spent outdoors, especially during the COVID-19 pandemic. The COVID-19 pandemic changed the way many children lived. Because of lockdowns, children had to stay indoors more and spend more time on devices like phones, computers, and TVs for school and entertainment. This led to less outdoor physical activity, which is important for healthy eyes. As a result, myopia cases have gone up significantly. The study, published in the British Journal of Ophthalmology, shows that myopia cases have tripled worldwide since 1990.

 

5. “Pact for the Future”: World leaders have officially adopted the “Pact for the Future,” which is an important agreement aimed at promoting global peace, sustainability, and inclusivity for future generations. This declaration is designed to address the pressing issues that the world faces today and ensure a better tomorrow for everyone.

 

6. India Surpasses Japan, Ranks Third in Asia Power Index: India has risen to third place in the Asia Power Index, according to the Lowy Institute, reflecting its strong economic recovery after the COVID-19 pandemic. This rise has allowed India to surpass Japan, highlighting its growing role in regional power.

OTHER UPDATES:

DEFENCE

 

1. “Ocean-24” Russia and China Massive Naval Exercises: Russia and China have started a large-scale naval exercise called “Ocean-24” in the Sea of Japan. This military collaboration is a clear sign of closer ties between the two nations and could indicate shifts in global power and alliances. These joint exercises between Russia and China send a message to Western nations about their combined military strength. It highlights their ability to work together on large-scale operations across multiple seas, which could impact how global alliances and security strategies are shaped in the future.

 

2. DRDO, IIT Delhi Develops Advanced Light Weight Bullet Proof jackets: The Defence Research & Development Organisation (DRDO) and IIT Delhi have worked together to create the ABHED bulletproof jacket. This jacket offers advanced protection for soldiers and security personnel facing high-risk situations. The Ministry of Defence has announced this as an important step forward in developing personal armour technology. The ABHED jacket is specially designed to give 360-degree protection to the wearer. This means it can protect all around the body. Despite providing full protection, it is made from lightweight materials, making it easier to wear for long periods. 

 

3. Indian Navy Hosts Goa Maritime Symposium 2024: The Indian Navy host the fifth edition of the Goa Maritime Symposium (GMS-24) at the Naval War College in Goa from September 23 to 24, 2024. The symposium is focused on strengthening cooperation and security among countries in the Indian Ocean Region (IOR). The Goa Maritime Symposium began in 2016 as an annual event organized by the Indian Navy. It promotes dialogue on key maritime issues, including security, regional cooperation, and maritime trade. Experts from various countries discuss topics like the impact of climate change on oceans and threats such as piracy.

 

SCIENCE AND TECHNOLOGY

 

1. What is the Butterfly Effect?: The butterfly effect is a popular idea in chaos theory showing how tiny changes can lead to unpredictable outcomes. Imagine a butterfly flapping its wings; this small action could eventually cause a chain of events that might lead to something as significant as a faraway tornado. This concept emphasizes the idea that small actions in complex systems can have far-reaching impacts.

 

 

 

 

BANKING AND FINANCE

 

1. Federal Bank unveils NPS Vatsalya, assuring long-term wealth building to minors: Federal Bank, one of India’s leading banks has unveiled NPS Vatsalya, a pioneering program inside the National Pension System (NPS) designed exclusively for minors.The Government of India launched NPS Vatsalya to provide a secure and flexible retirement planning solution for children while assuring long-term wealth building, through the power of compounding.With a minimal annual contribution of Rs. 1,000, this initiative is accessible to families from all socioeconomic backgrounds, encouraging financial inclusion and early financial planning.NPS Vatsalya provides diverse investment alternatives, allowing guardians to choose between active and passive investments across multiple asset classes.

 

Daily GK Update- 27th Sept, 2024

 NATIONAL UPDATES:

 

1. Tripura govt launches CM-SATH scheme to help meritorious students in higher education: Chief Minister of Tripura, Dr. Manik Sahah has launched the CM-SATH scheme to boost the educational prospects of the state’s brightest students.The scheme, designed to provide financial support to meritorious students for their higher education, reflects the state government’s commitment to quality education.The CM-SATH project has been designed to provide financial support of Rs 60,000 (Rs 5,000 monthly) to 200 students — 100 at Madhyamik level and 100 at Higher Secondary level, based on merit for two and three years respectively, for higher learning.Under this project, out of 200 students, 152 students at the block level, 12 students at the Nagar Panchayat level, and 10 students at the Agartala Municipal Corporation level would be selected. The 200 beneficiaries will be selected by the District Education Officer of each district.

 

2. Giriraj Singh launches ‘Paridhi 24×25’ – a bilingual web portal: Union Minister of Textiles, Giriraj Singh in the presence of Union Minister of State for External Affairs & Textiles, Pabitra Margherita, launched India-specific fashion trend book, “Paridhi 24×25” a bilingual web portal of VisioNxt and the AI Taxonomy e-book.The event saw participation from more than 150 industry leaders from fashion, textiles and retail as well as notable craftsmen and weavers from various craft clusters.VisioNxt has produced 60+ micro trend reports, 10+ close-to-season trend reports, 3+ research papers, and the first ever AI Taxonomy book of Indian wear categories to date.VisioNxt has positioned India globally among countries that predict fashion trends, increasing the visibility of Indian fashion vocabulary and identity while reducing dependence on international trend agencies.

 

3. FRA implementation: Mankidia community becomes 6th PVTG to get habitat rights over forests in Odisha: The Mankidia community in Odisha has been granted habitat rights, making them the sixth Particularly Vulnerable Tribal Group (PVTG) to receive this recognition under the Forest Rights Act, 2006.This important legal recognition allows the Mankidia to access and manage their traditional forest areas, which were previously limited due to their PVTG status.The Mankidia are a semi-nomadic tribe, meaning they move around to find resources rather than staying in one place permanently. They are well-known for their skills in rope-making and have traditional practices that include trapping and eating monkeys.Historically, the Mankidia have depended on forest resources for their livelihood and cultural practices. With this new recognition, they now have legal rights to their ancestral lands, affirming their connection to these areas.

 

4. CAG of India assumes chairmanship of Asian Organisation of Supreme Audit Institutions for 2024-27: The Comptroller and Auditor General (CAG) of India assumed chairmanship of the Asian Organisation of Supreme Audit Institutions (ASOSAI) for 2024-2027.CAG of India Girish Chandra Murmu said the 16th Assembly of ASOSAI has expanded to include 48 Supreme Audit Institutions (SAIs).The Assembly, which brings together about 200 delegates from 42 countries, including the heads of 22 SAIs, is a significant milestone in regional cooperation in the field of public auditing, with a focus on enhancing transparency, accountability, and good governance.

 

5. West Bengal govt to discontinue tram service in Kolkata barring one short stretch: The West Bengal government has decided to discontinue the 150-year-old tram service in Kolkata soon, barring a solitary heritage stretch from Maidan to Esplanade.Tram lovers, however, have decided to hit the streets in protest against the decision. Kolkata is the only city in the country where trams continue to operate.Transport Minister Snehasis Chakraborty said slow-moving trams, which move along the roads creating traffic jams in peak hours, cannot be run in the present situation as commuters need faster modes of transportation.“Trams are undoubtedly a part of Kolkata’s heritage after their introduction in 1873 as horse-drawn carriages and played a crucial role in transportation in the previous century.Heritage trams, however, will run between Maidan and Esplanade so that people can have a pleasant and environment-friendly ride, the minister said.

 

INTERNATIONAL UPDATES:

 

1. India to host the World Telecommunication Standardization Assembly (WTSA) in Delhi: India will host the World Telecommunication Standardization Assembly (WTSA) in 14 to 24 October 2024, a landmark event in global telecom, marking the first time this critical International Telecommunication Union (ITU) conference will be held in the country.The Department of Telecommunications (DoT) has launched a series of WTSA 2024 outreach sessions in major cities, including Delhi, Bengaluru, and Hyderabad, to engage students and foster discussions on the future of global communications.This will be the first time such a pivotal ITU standards conference is held in Asia. Over 190 nations will gather to shape the future of global telecom standards, highlighting India’s growing influence in the global telecom industry.

 

2. Centre notifies appointment of Chief Justices of eight High Courts: The Central Government, through the Ministry of Law and Justice, officially has announced the appointment of Chief Justices to eight High Courts, aiming to fill key judicial positions and ensure the effective functioning of the judicial system across various states.The Supreme Court Collegium initially made recommendations for these appointments on July 11, 2023. However, revisions were made to the original list on September 17, 2023, altering the recommendations concerning four High Courts.

 

3. 26 September 2024 – World Maritime Day: World Maritime Day is observed every year on the last Thursday of September. This year, the World Maritime Day is taking place on September 26

Objective – To provide an opportunity to draw people’s attention to the importance of shipping and other maritime activities across the globe.Theme 2024 – Navigating the Future: safety first

This special day is organised by the International Maritime Organization (IMO) to highlight the importance of maritime activities and the contributions of the maritime industry to global development.

 

4. 26 September – International Day for the Total Elimination of Nuclear Weapons: The International Day for the Total Elimination of Nuclear Weapons is celebrated on September 26th every year.Objective – To raise awareness about the threat of nuclear weapons and to promote their elimination.It was declared by the UN General Assembly (UNGA) in 2013.The first Special Session of the UNGA devoted to disarmament, held in 1978, reaffirmed the preeminence of nuclear disarmament.The Atomic Energy Commission (1946) to propose measures for controlling nuclear energy and eliminating weapons of mass destruction.

 

5. 27 September – World Tourism Day: World Tourism Day is observed every year on 27 September.Objective – To spread awareness and highlight social, economic and environmental benefits and the international understanding of peace and cooperation through tourism.Theme 2024 – Tourism and PeaceWorld Tourism Day was 1st celebrated in 1980 by the United Nations World Tourism Organization.

 

OTHER UPDATES:

DEFENCE

 

1. “Ocean-24” Russia and China Massive Naval Exercises: Russia and China have started a large-scale naval exercise called “Ocean-24” in the Sea of Japan. This military collaboration is a clear sign of closer ties between the two nations and could indicate shifts in global power and alliances. China’s participation in “Ocean-24” shows the growing military partnership between Russia and China. By working together in this large exercise, they are demonstrating their ability to coordinate complex military operations.

 

SCIENCE AND TECHNOLOGY

 

1. New Catfish Species Exostoma Sentiyonoae Discovered in Nagaland: A new species of catfish, called Exostoma sentiyonoae, has been discovered in the Dzuleke River in Nagaland, India. This river is part of the Barak River system, and the discovery is important because it shows how rich the region’s aquatic life is. It also contributes to the larger conservation efforts in important biodiversity regions like the Eastern Himalayas and Indo-Burma. More research is needed to uncover other fish species in these remote areas.

 

BANKING AND FINANCE

 

1. Moody’s raises India’s 2024 growth forecast to 7.1% on better growth in Asia-Pacific: Moody’s has revised its calendar year (CY) 2024 growth forecast for India to 7.1%, from its earlier estimates of 6.8% in June, as it expects growth in the Asia-Pacific region to outpace the global economy.It, however, kept its India growth forecast for CY 2025 unchanged at 6.5%.The revision in India’s growth forecast by Moody’s comes a month after Moody’s Ratings similarly upgraded the GDP growth forecast to 7.2% in 2024 and 6.6% in 2025.The World Bank earlier in September revised its fiscal year 2025 or FY25 growth forecast for India to 7%, from its previous estimate of 6.6%.

 

2. Federal Bank unveils NPS Vatsalya, assuring long-term wealth building to minors: Federal Bank, one of India’s leading banks has unveiled NPS Vatsalya, a pioneering program inside the National Pension System (NPS) designed exclusively for minors.The Government of India launched NPS Vatsalya to provide a secure and flexible retirement planning solution for children while assuring long-term wealth building, through the power of compounding.With a minimal annual contribution of Rs. 1,000, this initiative is accessible to families from all socioeconomic backgrounds, encouraging financial inclusion and early financial planning.NPS Vatsalya provides diverse investment alternatives, allowing guardians to choose between active and passive investments across multiple asset classes.

 

3. Bank of Baroda Unveils Co-Branded Travel Debit Card in Collaboration with EaseMyTrip: Bank of Baroda, in collaboration with EaseMyTrip.com, has introduced a ‘Bank of Baroda EaseMyTrip Co-branded Travel Debit Card’, targeting frequent travellers and those spending on entertainment and lifestyle.This is the first co-branded travel debit card to be launched by a public sector bank.The card offers an array of exclusive benefits across travel bookings, hotel stays, OTT streaming platforms, and popular e-commerce sites, ensuring that users enjoy year-round savings with no minimum order value. From discounts on flights and hotel bookings to complimentary premium memberships, the card is designed to redefine the customer experience.

 

 

Daily GK Update- 26th Sept, 2024

 NATIONAL UPDATES:

 

1. Tata Steel commissions India’s largest blast furnace at Kalinganagar: Tata Steel Ltd had commissioned ‘India’s largest blast furnace’ at Kalinganagar, Odisha as part of the Phase II expansion its plant.With a total investment of Rs 27,000 crore, the Phase II expansion at Kalinganagar will take the total capacity at the site from 3 million tonnes per annum (MTPA) to 8 MTPA.The new facility was inaugurated by T. V. Narendran, CEO and Managing Director, of Tata Steel.The new blast furnace will significantly boost the plant’s overall production capabilities, allowing Tata Steel to meet the growing demands of various industries, including automotive, infrastructure, power, shipbuilding, and defence. It will also provide advantages in specific areas like oil & gas, lifting & excavation, and construction.With the Phase II expansion, Odisha has emerged as the largest investment destination in India for Tata Steel, with a total cumulated investment of over Rs 100,000 crore in the last 10 years.

 

2. Rubber Research Institute signs MoU with Indian Oil: The Rubber Research Institute of India (RRII) has signed an MoU with Indian Oil Corporation Ltd (IOCL) to enhance research on the use of Rubber Process Oils marketed by IOCL in various tyre and non-tyre rubber products.This collaboration aims to improve product performance and rubber processing across these applications.The partnership reflects a shared commitment to drive innovations in rubber processing while addressing the growing global demand for environmentally sustainable industrial products.

 

3. Pune airport to be renamed ‘Tukaram Maharaj Airport: The Maharashtra government has officially approved the renaming of Pune airport to ‘Tukaram Maharaj Airport’ in honour of the revered 17th-century saint.This move aims to pay tribute to Sant Tukaram Maharaj, a prominent spiritual figure in Maharashtra’s history, known for his devotional poetry and influence on the Bhakti movement.Sant Tukaram was a significant saint and spiritual poet of the Bhakti movement, born in Pune district.

 

4. Zepto retains first place in LinkedIn’s 2024 list of India’s Top Startups: Quick commerce platform Zepto, for the 2nd consecutive year, has been ranked first in LinkedIn Top Startups India List 2024 — an annual ranking of emerging companies where professionals want to work.The list draws insights from data based on the actions of more than 1 billion LinkedIn members globally. It measures startups based on four pillars: employment growth, engagement, job interest and attraction of top talent.Zepto was followed by compliance firm Sprinto and cloud storage management platform Lucidity.E-commerce platform GoKwik, conversation intelligence platform Convin, biofuel supply chain platform BiofuelCircle, and, mental health platform MindPeers are also featured in the list.

 

 

INTERNATIONAL UPDATES:

 

1. India becomes 3rd Most Powerful Nation in Asia, Surpasses Japan in Asia Power Index: According to the Asian Power Index Report 2024, released recently by the Australian think tank Lowy Institute, India is ranked third most powerful country in Asia after the United States of America and China.Last year, India was ranked the fourth most powerful country in Asia in the 2023 report, but this year, India overtook Japan to be ranked.The 2024 Asia Power Index Report ranks 27 countries and territories. For the first time, the Southeast Asian country of Timor Leste has been included in the Report.The report evaluates the power of the countries on 131 indicators across eight thematic measures: Military Capability and Defence Networks, Economic Capability and Relationships, Diplomatic and Cultural Influence, as well as Resilience and Future Resources.

 

2. 25 September – Antyodaya Diwas: Antyodaya Diwas is celebrated every year on September 25 across the country.The day marks the birth anniversary of Pandit Deendayal Upadhyaya to remember his life and legacy. It was dedicated by Prime Minister Narendra Modi in 2014 in honour of Pandit Deendayal Upadhyaya, a prominent Indian political leader and thinker.Pandit Deendayal was born in the Mathura district of Uttar Pradesh on September 25, 1916. Later, he joined a 40-day camp in Sangh education and a two-year training at the RSS education wing in the 1940s. Upadhyaya served the Bharatiya Jana Sangh from 1953 to 1968, where he became the source of ideological guidance and moral inspiration for the BJP.He was also known for his philosophical and literary works. Deendayal developed the concept of ‘Integral Humanism’ advocating the holistic development of the mind, body, intellect, and soul. He died at the age of 51, on February 11, 1968.

 

3. 26 September – World Contraception Day: World Contraception Day is observed every year on September 26.Objective – To raise awareness about contraception and to empower young people to make informed decisions about their reproductive healthTheme 2024 – A choice for all. Freedom to plan, power to choose.Contraception is used to prevent pregnancy. This can be a device, a medication, a procedure or a behaviour. Contraception allows a woman control of her reproductive health and affords the woman the ability to be an active participant in her family planning. Some types of contraception protect against sexually transmissible infections (STIs)

 

4. 26 September – World Environmental Health Day: World Environmental Health Day is observed every year on 16 September.The day highlights the significance of fostering a safe and healthy environment, tackling key issues such as clean air, water, sanitation, pollution control, and waste management.Theme 2024 – Environmental Health: Creating Resilient Communities through Disaster Risk Reduction and Climate Change Mitigation and Adaptation.The International Federation of Environmental Health (IFEH) established World Environmental Health Day in 2011 to emphasize the importance of environmental care for human health.

OTHER UPDATES:

DEFENCE

 

1. DRDO & IIT Delhi develop ABHED Light Weight Bullet Proof Jacket: The Defence Research & Development Organisation (DRDO), together with researchers of Indian Institute of Technology (IIT) Delhi, has developed light weight bullet proof jackets, named ABHED (Advanced Ballistics for High Energy Defeat), which offer 360-degree protection.These jackets have been created from polymers and indigenous boron carbide ceramic material.The design configuration is based on characterisation of various materials at high strain rates followed by appropriate modelling and simulation in collaboration with DRDO. The armour plates for the jackets have passed all necessary R&D trials as per the protocols.The jackets meet the highest threat levels, and are lighter than the maximum weight limits stipulated in respective General Staff Qualitative Requirement of the Indian Army. With minimum possible weight of 8.2 kgs and 9.5 kgs for different BIS Levels, these modular-design jackets having front & rear armours provide 3600 protection.

 

SPORTS 

 

1. Indian tennis duo Jeevan Nedunchezhiyan & Vijay Sundar Prashant win Hangzhou Open Doubles title: Indian tennis duo Jeevan Nedunchezhiyan and Vijay Sundar Prashanth won the doubles title in the ATP 250 Hangzhou Open 2024.They defeated the German pair of Constantine Frantzen and Hendrik Jebens at the Hangzhou Olympic Sports Expo Centre.The Indian duo staged a remarkable comeback to triumph 4-6, 7-6 (7-5), 10-7, marking their first ATP title together as a pair.For Jeevan, it ends a seven-year title drought, while for Vijay, this victory represents a career milestone as it is his first-ever ATP title.

 

SCIENCE AND TECHNOLOGY

 

1. Department of Space and Technology launched Women in Space Leadership Programme in Collaboration with British Council: A Women in Space Leadership Programme (WiSLP) was launched by the Department of Science and Technology (DST) in collaboration with the British Council as part of the UK-India Education and Research Initiative (UKIERI).The initiative focuses on supporting institutions in strengthening gender-inclusive practices to foster women’s leadership in space science by developing a strategic leadership framework. Coventry University is the delivery partner in this initiative.The programme would involve building sustainable mentoring networks and enhancing scientific innovation by integrating a gender perspective into critical areas such as astrophysics and telecommunications.

 

 

 

 

BANKING AND FINANCE

 

1. Axis Bank and Mastercard join hands to unveil MyBiz credit card for small business owners in India: Axis Bank, one of the largest private sector banks in India, has joined hands withMastercard, a global technology company in the payments industry, to launch MyBiz, a business credit card designed exclusively for sole proprietors and small business ownersThe new card, part of the World Mastercard category, combines a wide range of business andtravel benefits to meet the diverse needs of SME owners.MyBiz card offers a comprehensive suite of business and travel benefits — an end-to-end digital offering that simplifies our small business clients’ experience through greater rewards, increased purchasing power, zeroliabilityprotection, and increased employee controls.”Along with benefits, such as airport lounge access and travel insurance, MyBiz card will allow cardholders to avail of a bouquet of business-related services covering productivity, marketing, online readiness, security, and compliance through Mastercard Easy Savings Specials.

 

2. Decentro unveils eNACH and UPI AutoPay, Streamlining Recurring Payments: Decentro, India’s largest fintech infrastructure platform, has introduced eNACH & UPI AutoPay, intended to streamline and simplify the management of recurring payments for businesses.The company hopes to assist at least 100+ enterprises with integrating these modules over the next three months, addressing some of the most difficult obstacles that businesses encounter regarding recurring payments. The first partner bank for this new module is YES Bank.The total addressable market (TAM) for recurring payments in India is around $800 million. However, businesses encounter several hurdles, resulting in a large time (and monetary) commitment of at least 500 man-hours to integrate and test these systems with their banking partners.