Daily GK Update- 3rd Dec, 2024

 NATIONAL UPDATES:

 

1. MoD inks contract worth ₹1207 Cr with Cochin Shipyard Limited for Short Refit and Dry Docking of INS Vikramaditya: The Ministry of Defence signed a contract with M/s Cochin Shipyard Limited for Short Refit and Dry Docking (SRDD) of INS Vikramaditya at an overall cost of Rs. 1207.5 Cr.INS Vikramaditya is an Indian Aircraft Carrier commissioned in the Indian Navy in November 2013. After completion of the Refit, INS Vikramaditya will join the active fleet of the Indian Navy with upgraded combat capability.This project is an important step towards development of Cochin Shipyard Limited as Maintenance, Repair & Overhaul (MRO) Hub for supporting the industrial ecosystem of India.The project envisages the involvement of nearly 50 MSMEs and would lead to employment generation for more than 3500 personnel.

 

2. ‘Hamara Samvidhan, Hamara Samman’ Portal: The Department of Justice is implementing a pan-India, year-long nationwide campaign titled ‘Hamara Samvidhan Hamara Samman’ to celebrate the 75th year of India as a Republic and the adoption of India’s Constitution.The campaign was launched on January 24, 2024, by the Hon’ble Vice-President of India. Following this, three regional events have also been organized in Bikaner, Rajasthan, on March 9, 2024, in Prayagraj, Uttar Pradesh, on July 16, 2024, and in Guwahati, Assam on November 19, 2024 respectively to ensure decentralized outreach of the campaign.The campaign aims to reaffirm our collective commitment to the principles enshrined in the Constitution of India and to celebrate the shared values that bind our nation.

 

3. Gujarat’s ‘Gharcholas’ receive GI tag: Gujarati “Gharcholas” traditionally worn at weddings within Hindu and Jain communities has received a Geographical Indication or GI tag from the Government of India.The coveted GI tag for Gharchola handicrafts was presented to Gujarat at the “GI and Beyond – Virasat Se Vikas Tak” program in New Delhi, hosted by the Handlooms Development Commissioner of the Ministry of Textiles, Government of India.This is the 27th GI tag that Gujarat has received. The GI recognition for Gharchola demonstrates Gujarat’s commitment to guarding its rich artistic heritage. These Gharchola sarees are traditionally crafted in auspicious colours such as red, maroon, green, and yellow, which hold special significance in Hindu customs. Along with the Gharchola saree, several other remarkable handicrafts have also earned GI tags under the Hastakala Setu Yojana.

 

INTERNATIONAL UPDATES:

 

1. Kolkata International Film Festival announces France as focus country: The 30th edition of the Kolkata International Film Festival (KIFF), slated to kick off on December 4, announced its lineup of 175 films from 29 countries, and revealed France as the focus country of this year’s film festival.The lineup includes 42 feature-length films, and 30 shorts and documentaries in competitive categories, and 103 films in non-competitive categories.Screenings will take place in 20 venues in different parts of the city between December 5 and 11.Chairperson of the 30th KIFF Goutam Ghose highlighted that the festival this year will also screen certain films with projections from their original celluloid, like Chokh and Debsishu by reputed director from the 1980s, Utpalendu Chakraborty.Like other years, the 30th edition of the KIFF has unveiled ‘Unheard India’, a non-competitive category that boasts of screenings of multiple films made in Indian languages like Garhwali, Konkani and Tulu.

 

2. India to host Asia-Oceania satellite users’ conference: The India Meteorological Department (IMD), in collaboration with the Ministry of Earth Sciences, will host the 14th Asia-Oceania Meteorological Satellite Users’ Conference (AOMSUC-14) in New Delhi between 4 and 6 December.The conference will bring together approximately 150 participants from various countries to discuss the latest advancements in satellite remote sensing and their application in meteorology and climatology.The AOMSUC-14 aims to highlight the significance of satellite observations, promote advancements in satellite technology, and foster collaboration between satellite operators and users.The conference will feature oral and poster presentations, panel discussions, and a training workshop on applying satellite data to meteorology and climatology.

 

3. Ngozi Okonjo-Iweala reappointed as DG of WTO: The General Council of the World Trade Organization (WTO) agreed by consensus to reappoint Dr. Ngozi Okonjo-Iweala as Director-General for a second four-year term, set to begin on 1 September 2025.This decision reflects broad recognition of her exceptional leadership and strategic vision for the future of the WTO.According to the WTO, Ngozi Okonjo-Iweala first assumed office as Director-General on March 1, 2021, becoming the first woman and first African to lead the WTO. Her first term concludes on August 31, 2025.

 

4. 1 December – World AIDS Day: World AIDS Day is observed every year on December 1.Objective- To raise awareness about HIV/AIDS and showing solidarity with those affected by the disease.Theme 2024 – Take the Rights PathThe day serves as a platform for organisations worldwide to unite, remember those who have lost their lives to AIDS-related illnesses, and advocate for continued progress in HIV prevention, treatment, and care.World AIDS Day, established by the WHO and the United Nations, was first observed in 1988 in response to the global effect of the HIV epidemic. In 1981, the first case of AIDS was reported in the United States and two years later, researchers could have identified the virus that causes the disease.

 

OTHER UPDATES:

DEFENCE

 

1. Indian Coast Guard conducts maritime search and rescue exercises off Kochi coast: The Indian Coast Guard (ICG) conducted the 11th National Maritime Search and Rescue Exercise (SAREX-2024) off the Kochi coast.The exercise was inaugurated by Defence Secretary Rajesh Kumar Singh, and showcased the expertise of coast guards in maritime safety and search-and-rescue operations.Theme 2024 – Enhancing Search and Rescue Capabilities Through Regional Collaboration

 

2. 1st Indo-Cambodian ‘CINBAX” Exercise commences in Pune, Maharashtra: India-Cambodia’s first Joint Tabletop Exercise, codenamed ‘CINBAX,’ commenced at the Foreign Training Node, Pune, Maharashtra.The first CINBAX exercise between the Armies of both countries will be held in Pune from 1 to 18 December 2024.The exercise is part of the military diplomacy of both countries to strengthen friendly ties between the two countries, especially military-to-military ties.During the CINBAX exercise, Indian-made weapons systems and equipment will be displayed to the Cambodians to promote the Indigenous defence capabilities of India.

 

3. 1 December 2024 – 60th Raising Day of BSF: The Border Security Force (BSF) has celebrated its 60th Raising Day on December 1.The BSF was formed on December 1 1965 to ensure the security of India’s borders and for matters connected therewith. Senior IPS officer Khusro Faramurz Rustamji was tasked with the formation of the BSF at the time. He was posted as IGP of Madhya Pradesh back then.In January 1965, India witnessed the nefarious act of Pakistan in the Kanjarkot area of Gujarat. The then Prime Minister Lal Bahadur Shastri immediately decided to form a single force to protect the international borders and that eventually led to the formation of BSF. In 1966, 15 other battalions posted in Jammu and Kashmir were also merged with the BSF

 

SPORTS 

 

1. Jay Shah assumes charge as ICC chairperson: Jay Shah has taken over as the chairperson of the International Cricket Council (ICC), the sport’s global governing body.The former BCCI secretary succeeds Greg Barclay, who has held the position since November 2020.Shah’s elevation to the top post makes him the third Indian among the last four ICC chairmen. However, unlike the last two Indians – N Srinivasan (2014-15) and Shashank Manohar (2015-20) – Shah enjoys complete support within the all-powerful BCCI, which counts a lot when it comes to decision making in the ICC boardroom.The ICC chairman’s term now is three years. The post being an independent one, Shah will also step away from the Asian Cricket Council presidency.

 

2. Pacer Siddharth Kaul announces retirement from all forms of cricket: Former Indian international Siddarth Kaul has announced his retirement from professional cricket at the age of 34, following an unsold bid in the IPL Auction 2025.The right-arm fast bowler’s journey in Indian cricket spans nearly two decades, commencing in 2007 with a first-class debut for Punjab against Odisha in Mohali.Kaul played a pivotal role in the Indian U19 team that clinched the World Cup in 2008, led by none other than Virat Kohli. His international career took flight in 2018, featuring in three ODIs and as many T20IsOver his career, he has donned the whites in 88 first-class matches, securing a remarkable 297 wickets, which includes 17 instances of five-wicket hauls. His white-ball record boasts 199 wickets in 111 List A matches and 182 wickets across 145 T20 encounters.

 

3. Max Verstappen wins Qatar Grand Prix: Max Verstappen claimed his ninth win of the season and 63rd of his career with a stunning victory for Red Bull at the crash-hit and controversial Qatar Grand Prix.In a race shaped by a litany of stewards’ decisions and penalties, including a harsh late 10-second ‘stop-go’ for Lando Norris of McLaren, the newly-crowned four-time world champion was flawless as he came home six seconds ahead of Ferrari’s Charles Leclerc.That result meant McLaren, even with Oscar Piastri finishing third, were unable to clinch a first constructor’s title since 1998 and have to try again in the final race in Abu Dhabi next weekend.

 

BANKING AND FINANCE

 

1. RBL Bank and Bajaj Finance end co-branded credit cards partnership: Private sector lender RBL Bank and consumer financier Bajaj Finance have mutually decided to cease the issuance of co-branded credit cards under their partnership, as the synergies initially envisioned have undergone significant changes.RBL Bank partnered with Bajaj Finance in 2016 to issue co-branded credit cards for a period of five years. The partnership was renewed for another five years in 2021.

 

 

Daily GK Update- 2nd Dec, 2024

 NATIONAL UPDATES:

 

1. Cabinet approves ₹7,927 crore multitracking projects to boost rail connectivity: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved three major multitracking projects for Indian Railways at a cost of approximately ₹7,927 crore.The initiative aims to enhance rail connectivity, reduce congestion, and contribute to economic growth.These tracks are part of the PM-Gati Shakti National Master Plan, designed to integrate multi-modal connectivity and ensure the seamless movement of people and goods.The projects span seven districts across Maharashtra, Madhya Pradesh, and Uttar Pradesh, impacting around 1,319 villages and benefiting a population of approximately 38 lakh. Notably, the improved connectivity will serve two aspirational districts, Khandwa and Chitrakoot, and enhance the Mumbai-Prayagraj-Varanasi route, a key rail corridor.The enhanced rail infrastructure is expected to accommodate more passenger trains, making it easier for pilgrims to access religious sites such as Trimbakeshwar in Nashik, Omkareshwar in Khandwa, Kashi Vishwanath in Varanasi, and other locations in Prayagraj, Chitrakoot, and Shirdi. Tourists will also benefit from improved access to heritage sites like the Ajanta and Ellora Caves and Khajuraho.

 

2. GoI to host 1st Ashtalakshmi Mahotsav in New Delhi: As part of the central government’s vision to make the North Eastern region the development engine of the country, the government of India has decided to hold an Asthalakshmi Mahotsav in New Delhi from 6-8 December 2024.This was announced by the Union Minister for Development of the North Eastern Region, Jyotiraditya Scindia, in New Delhi.The Mahotsav will focus on the eight North-Eastern States of India. The eight state governments of North Eastern States will support and participate in the inaugural AsthalakshmiThe Union Minister, Jyotiraditya Scindia, also released the mascot for the upcoming Asthalakshmi Mahotsav- Purvi. The mascot is a girl, and she is wearing attire that represents the elements of the eight states of the North East.

 

3. Gujarat’s ‘Gharchola’ Receives Geographical Indication Tag: Gujarat’s Gharchola has recently been awarded the Geographical Indication (GI) tag, which was conferred by the Union government, and took place during the event “GI and Beyond, Virasat Se Vikas Tak” in New Delhi. With this recognition, Gujarat now boasts 27 GI-certified items, 23 of which belong to the handicraft sector. The GI tag protects products that have a specific geographical origin and confirms the unique craftsmanship and quality of Gharchola. This tag enhances its market value and global reputation. It also helps prevent misuse of the name by non-authentic producers.The GI recognition supports local artisans, which raises awareness about their skills and crafts.

 

4. BIPEX-2024: The national postal exhibition BIPEX-2024 commenced in Patna at the Gyan Bhawan Auditorium and will run for three days. Governor Rajendra Vishwanath Arlekar inaugurated the exhibition, marking Bihar’s rich postal history. One key attraction is the world’s first postal stamp. This stamp, known as Azimabad Ekanni and Doanni, was released 250 years ago, which is originated in Patna and was crafted from a copper coin. This historical piece showcases the evolution of postal services.

 

INTERNATIONAL UPDATES:

 

1. Masato Kanda Elected as ADB President: The Asian Development Bank (ADB) has appointed Masato Kanda as its 11th President. His term begins on February 24, 2025, and succeeds Masatsugu Asakawa, who will leave office the day before. Kanda will complete Asakawa’s term, which ends on November 23, 2026. Masato Kanda is 59 years old and currently serves as a Special Advisor to Japan’s Prime Minister and Minister of Finance. Kanda has nearly 40 years of experience in finance. He held roles at Japan’s Ministry of Finance. His positions included Vice-Minister of Finance for International Affairs.

 

2. CBIC Host Global India Authorised Economic Operator (AEO) Programme: The Central Board of Indirect Taxes and Customs (CBIC) recently hosted a global India Authorised Economic Operator (AEO) programme, which took place on November 28-29, 2024, in New Delhi, and involved collaboration with the World Bank. Key figures included CBIC Chairman Shri Sanjay Kumar Agarwal and Secretary of the Department of Revenue, Shri Sanjay Malhotra. Representatives from 18 trade partner countries attended. India launched the AEO programme in 2011 and was strengthened in 2016 to better support trade facilitation. The Directorate of International Customs manages the programme under CBIC.On October 31, 2024, India has 5,947 AEO-certified entities. The certification operates under a three-tier system. An additional tier exists for logistics operators, ensuring comprehensive coverage.

 

OTHER UPDATES:

DEFENCE

 

1. India UK sign agreement on Electric Propulsion System for Indian Navy: India and the U.K. signed a Statement of Intent (SoI) on cooperation on the design & development of Electric Propulsion Systems for the Indian Navy.The signing was part of the third joint working group meeting of electric propulsion capability partnership as part of efforts by both sides to promote the indigenous development of niche technologies.The SoI would serve as a broader framework intended for cooperation in the co-design, co-creation and co-production of electric propulsion capability for future naval ships.The development of Electric Propulsion Systems for the Indian Navy will be done through a collaboration between the United Kingdom’s GE Power Conversion and Indian government-owned Bharat Heavy Electricals Ltd (BHEL).

 

2. 13th edition of India -Singapore Agni Warrior Military Exercise concluded : The 13th edition of Joint Military Exercise AGNI WARRIOR (XAW-2024), a bilateral exercise between the Indian Army and Singapore Armed Forces, concluded at Field Firing Ranges, Devlali (Maharashtra).The three-day exercise conducted witnessed participation by the Singapore Armed Forces contingent comprising 182 personnel from the Singapore Artillery and the Indian Army contingent comprising 114 personnel from the Regiment of Artillery.The aim of XAW-2024 was to maximise mutual understanding of drills and procedures to achieve jointness as a multinational force under the United Nations Charter.The exercise showcased joint firepower planning, execution and use of New Generation Equipment by the Artillery of both Armies.

 

3. India Tests K-4 Missile from INS Arighaat: The Indian Navy conducted a successful test of the K-4 ballistic missile, which took place in the Bay of Bengal and involved the new nuclear-powered submarine, INS Arighaat. The missile has a range of 3,500 km, which enhances India’s nuclear deterrence capabilities. Defence Minister Rajnath Singh brought into light the significance of INS Arighaat. He described it as a testament to India’s technological prowess. The submarine’s construction reflects the government’s “Aatmanirbharta” initiative, promoting self-reliance. Indian scientists, industries, and naval personnel collaborated on its development.

 

SCIENCE AND TECHNOLOGY

 

1. ISRO’s PSLV Launches Proba-3 Mission: ISRO’s Polar Satellite Launch Vehicle (PSLV) will take off from Sriharikota on December 4, 2024, at 4:08 pm. The launch involves collaboration with the European Space Agency (ESA) and New Space India Limited (NSIL). The PSLV is ISRO’s trusted launch vehicle, which has a proven track record for reliability and versatility. The rocket is capable of launching satellites into various orbits. It has successfully completed numerous missions since its first flight in 1993. The Proba-3 mission is a groundbreaking initiative, which is the first precision formation flying mission in the world. The mission aims to deploy two satellites into a special elliptical orbit. These satellites will weigh a combined total of 550 kg.

 

BANKING AND FINANCE

 

1. Economy growth rate dips to 5.4 % during July-September Quarter 2024: The Indian real Gross Domestic Product (GDP) growth rate dipped to 4 % in the July-September quarter of 2024 compared to the 2023 July-September quarter growth rate of 8.1 %, according to National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI).The Indian economy’s second-quarter growth rate was lower than the Reserve Bank of India’s forecast of 7 per cent. The mining and quarrying sector was the only sector which recorded a negative growth of 0.1 %. India’s real GDP growth rate was estimated at 6.0% in the first six months (April-September) of 2024, compared to 8.2 % in the first six months of the previous 2023-24 financial year. released the latest data on 29 November 2024.

 

2. India signs $98 million loan agreement with ADB to boost horticulture productivity: India and the Asian Development Bank (ADB) have signed a $98 million loan agreement to enhance horticulture crop productivity in the country.The funding will support the establishment of disease-free planting material systems, boosting crop yields, quality, and resilience to climate change.The loan amount will be used to target crops like almonds, apples, avocados, berries, citrus, grapes, guava, litchi, mango, pomegranate, and walnuts.The government will establish dedicated clean plant centres to maintain disease-free foundation materials that accredited nurseries will later propagate.The government will provide licences to private and public nurseries to whom the dedicated clean plant centres will supply the disease-free foundation materials. These nurseries will further propagate these disease-free plants and distribute them to the horticulture farmers.

 

AWARDS AND HONOURS

 

1. Lithuanian drama ‘Toxic’ wins Golden Peacock Award for Best Film at the 55th IFFI: The 55th edition of the International Film Festival of India (IFFI) was concluded in Shyama Prasad Mukherjee Indoor Stadium in Panaji, Goa.The 55th International Film Festival of India was organised by the National Film Development Corporation (NFDC), Union Ministry of Information and Broadcasting, and Entertainment Society of Goa, Government of Goa.This year, the festival received 1,676 submissions from 101 countries. The nine-day festival presented over 180 international titles from 81 countries, which include 16 premieres in World, three in International, 43 in Asian, and 109 in Indian categories.The Director of the 55th IFFI was noted filmmaker Shekhar Kapur. The theme of the 55th IFFI was ‘Young Filmmakers: The Future is Now.

 

 

Daily GK Update- 1st Dec, 2024

 NATIONAL UPDATES:

 

1. Cabinet approved National Mission on Natural Farming: The Union Cabinet chaired by Prime Minister Narendra Modi has approved the launching of the National Mission on Natural Farming (NMNF) as a standalone Centrally Sponsored Scheme under the Ministry of Agriculture & Farmers’ Welfare.The scheme has a total outlay of Rs.2481 crore (Government of India share – Rs.1584 crore; State share – Rs.897 crore) till the 15th Finance Commission (2025-26).Objective – To promote natural farming in mission mode across the country as a standalone Centrally Sponsored Scheme under the Ministry of Agriculture & Farmers’ Welfare.Rooted in the traditional knowledge inherited from their forefathers, farmers will practise Natural Farming (NF) as a chemical free farming which involves local livestock integrated natural farming methods, diversified crop systems, etc. NF follows local agro-ecological principles rooted in local knowledge, location specific technologies and is evolved as per the local agro-ecology.

 

2. Cabinet approves ₹7,927 crore multitracking projects to boost rail connectivity: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved three major multitracking projects for Indian Railways at a cost of approximately ₹7,927 crore.The initiative aims to enhance rail connectivity, reduce congestion, and contribute to economic growth.These tracks are part of the PM-Gati Shakti National Master Plan, designed to integrate multi-modal connectivity and ensure the seamless movement of people and goods.The projects span seven districts across Maharashtra, Madhya Pradesh, and Uttar Pradesh, impacting around 1,319 villages and benefiting a population of approximately 38 lakh. Notably, the improved connectivity will serve two aspirational districts, Khandwa and Chitrakoot, and enhance the Mumbai-Prayagraj-Varanasi route, a key rail corridor.

 

3. Centre approves ₹3,689 crore investment for two hydroelectric projects in Arunachal Pradesh: The Cabinet Committee on Economic Affairs (CCEA), chaired by PM Narendra Modi, has approved an investment of ₹3,689 crore for the construction of two hydroelectric projects in Arunachal Pradesh’s Shi Yomi district. Both projects are expected to be completed within 50 months.An outlay of ₹1,939 crore has been sanctioned for the Heo Hydroelectric Project (HEP), while ₹1,750 crore has been approved for the Tato-I Hydroelectric Project (HEP), according to an official statement issued after the CCEA meeting.The Heo Hydroelectric Project (HEP), with an installed capacity of 240 MW (3 x 80 MW), is expected to generate 1,000 Million Units (MU) of energy annually. The power produced will enhance the electricity supply in Arunachal Pradesh and contribute to balancing the national grid.

 

INTERNATIONAL UPDATES:

 

1. 29 November – International Day of Solidarity with the Palestinian People: Every year since 1977, the United Nations calls for the observance of November 29 as the International Day of Solidarity with the Palestinian People.The General Assembly passed a resolution to that effect in 1977, selecting this particular day as this was when, in 1947, the Assembly adopted a resolution partitioning the Palestinian territory into an Arab State and a Jewish one.

 

2. 30 November – Day of Remembrance for all Victims of Chemical Warfare: The Day of Remembrance for All Victims of Chemical Warfare is observed annually on November 30.Established during the 20th Session of the Conference of the States Parties to the Chemical Weapons Convention, this memorial day honors the memory of victims and strengthens the commitment of the international community to the complete eradication of chemical weapons.

This observance not only pays tribute to the victims but also reinforces the principles of peace, security, and multilateral cooperation.

 

OTHER UPDATES:

DEFENCE

 

1. Amit Shah inaugurated 59th All India Conference of DGP/IG in Odisha: The Union Minister for Home Affairs, Amit Shah, has inaugurated the 59th All India Conference of Director Generals (DGP)/ Inspector General (IG) of Police in Bhubaneswar, Odisha.For the first time, the state of Odisha hosted the All India Conference of Director Generals/ Inspector Generals of Police.The 58th All-India Conference of Director Generals/ Inspector Generals of Police was held in Jaipur, Rajasthan, on January 6 and 7, 2024.The 59th All India Conference of Director Generals/ Inspector Generals of Police brings together the central government and the state government apparatus responsible for the country’s internal security.

 

2. India UK sign agreement on Electric Propulsion System for Indian Navy: India and the U.K. signed a Statement of Intent (SoI) on cooperation on the design & development of Electric Propulsion Systems for the Indian Navy.The signing was part of the third joint working group meeting of electric propulsion capability partnership as part of efforts by both sides to promote the indigenous development of niche technologies.The SoI would serve as a broader framework intended for cooperation in the co-design, co-creation and co-production of electric propulsion capability for future naval ships.The development of Electric Propulsion Systems for the Indian Navy will be done through a collaboration between the United Kingdom’s GE Power Conversion and Indian government-owned Bharat Heavy Electricals Ltd (BHEL).

 

3. 13th edition of India -Singapore Agni Warrior Military Exercise concluded: The 13th edition of Joint Military Exercise AGNI WARRIOR (XAW-2024), a bilateral exercise between the Indian Army and Singapore Armed Forces, concluded at Field Firing Ranges, Devlali (Maharashtra).The three-day exercise conducted witnessed participation by the Singapore Armed Forces contingent comprising 182 personnel from the Singapore Artillery and the Indian Army contingent comprising 114 personnel from the Regiment of Artillery.The aim of XAW-2024 was to maximise mutual understanding of drills and procedures to achieve jointness as a multinational force under the United Nations Charter.The exercise showcased joint firepower planning, execution and use of New Generation Equipment by the Artillery of both Armies.

 

BANKING AND FINANCE

 

1. Nirmala Sitharaman Reviews Performance of 4 states RRB in Bihar: A meeting of the eight Regional Rural Banks (RRB) operating in four states of the Eastern Region- Bihar, Jharkhand, Odisha and West Bengal was held in Patna, Bihar.The Union Finance and Corporate Affairs Minister, Nirmala Sitharaman chaired the meeting.The Union Ministry of Finance periodically holds meetings with the heads of the RRBs to review banks’ performance.In addition to the Union Finance Minister, the Deputy Chief Minister of Bihar, Samrat Choudhary, and the Secretary of the Department of Financial Services, M. Nagaraju, were present.Representatives of the Reserve Bank of India, National Bank for Agricultural and Rural Development (NABARD), and Small Industrial Development Bank of India( SIDBI), the Chairperson of these eight RRBs, and the senior officers of these four states attended the meeting.

 

2. Economy growth rate dips to 5.4 % during July-September Quarter 2024: The Indian real Gross Domestic Product (GDP) growth rate dipped to 4 % in the July-September quarter of 2024 compared to the 2023 July-September quarter growth rate of 8.1 %, according to National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI).The Indian economy’s second-quarter growth rate was lower than the Reserve Bank of India’s forecast of 7 per cent.The mining and quarrying sector was the only sector which recorded a negative growth of 0.1 %.India’s real GDP growth rate was estimated at 6.0% in the first six months (April-September) of 2024, compared to 8.2 % in the first six months of the previous 2023-24 financial year.released the latest data on 29 November 2024.

 

3. India signs $98 million loan agreement with ADB to boost horticulture productivity: India and the Asian Development Bank (ADB) have signed a $98 million loan agreement to enhance horticulture crop productivity in the country.The funding will support the establishment of disease-free planting material systems, boosting crop yields, quality, and resilience to climate change.The loan amount will be used to target crops like almonds, apples, avocados, berries, citrus, grapes, guava, litchi, mango, pomegranate, and walnuts.The government will establish dedicated clean plant centres to maintain disease-free foundation materials that accredited nurseries will later propagate.The government will provide licences to private and public nurseries to whom the dedicated clean plant centres will supply the disease-free foundation materials. These nurseries will further propagate these disease-free plants and distribute them to the horticulture farmers.

 

AWARDS AND HONOURS

 

1. Lithuanian drama ‘Toxic’ wins Golden Peacock Award for Best Film at the 55th IFFI: The 55th edition of the International Film Festival of India (IFFI) was concluded in Shyama Prasad Mukherjee Indoor Stadium in Panaji, Goa.The 55th International Film Festival of India was organised by the National Film Development Corporation (NFDC), Union Ministry of Information and Broadcasting, and Entertainment Society of Goa, Government of Goa.This year, the festival received 1,676 submissions from 101 countries. The nine-day festival presented over 180 international titles from 81 countries, which include 16 premieres in World, three in International, 43 in Asian, and 109 in Indian categories. The Director of the 55th IFFI was noted filmmaker Shekhar Kapur.

 

 

Daily GK Update- 30th Nov, 2024

 NATIONAL UPDATES:

 

1. Gujarat’s ‘Gharchola’ Receives Geographical Indication Tag: Gujarat’s Gharchola has recently been awarded the Geographical Indication (GI) tag, which was conferred by the Union government, and took place during the event “GI and Beyond, Virasat Se Vikas Tak” in New Delhi. With this recognition, Gujarat now boasts 27 GI-certified items, 23 of which belong to the handicraft sector. The GI tag protects products that have a specific geographical origin and confirms the unique craftsmanship and quality of Gharchola. This tag enhances its market value and global reputation. It also helps prevent misuse of the name by non-authentic producers.The GI recognition supports local artisans, which raises awareness about their skills and crafts.

 

2. Karnataka’s Health Minister Orders Study on Handigodu Disease: Karnataka’s Health and Family Welfare Minister Dinesh Gundu Rao has initiated a comprehensive approach to address Handigodu disease. This rare genetic disorder impacts the nervous system, leading to health challenges. The minister’s directives aim to enhance healthcare in affected regions. Handigodu disease is a genetic condition first identified in 1978, which causes muscle weakness, joint deformities, and skeletal issues. The disease has resulted in approximately 205 reported cases and nearly 100 fatalities between 1978 and 1985.

 

3. Cabinet Approves Tato-I Hydro Electric Project: The Cabinet Committee on Economic Affairs, under Prime Minister Narendra Modi, has sanctioned Rs 1,750 crore for the Tato-I Hydro Electric Project in Arunachal Pradesh, which aims to enhance power supply in the region. The Tato-I Hydro Electric Project will feature a total capacity of 186 MW, which will consist of three units, each with a capacity of 62 MW. The project is expected to generate approximately 802 million units of electricity each year.The expected completion time for the Tato-I HEP is 50 months, which includes all phases of construction and operational setup.

 

4. BIPEX-2024: The national postal exhibition BIPEX-2024 commenced in Patna at the Gyan Bhawan Auditorium and will run for three days. Governor Rajendra Vishwanath Arlekar inaugurated the exhibition, marking Bihar’s rich postal history. One key attraction is the world’s first postal stamp. This stamp, known as Azimabad Ekanni and Doanni, was released 250 years ago, which is originated in Patna and was crafted from a copper coin. This historical piece showcases the evolution of postal services.

 

INTERNATIONAL UPDATES:

 

1. CBIC Host Global India Authorised Economic Operator (AEO) Programme: The Central Board of Indirect Taxes and Customs (CBIC) recently hosted a global India Authorised Economic Operator (AEO) programme, which took place on November 28-29, 2024, in New Delhi, and involved collaboration with the World Bank. Key figures included CBIC Chairman Shri Sanjay Kumar Agarwal and Secretary of the Department of Revenue, Shri Sanjay Malhotra. Representatives from 18 trade partner countries attended. India launched the AEO programme in 2011 and was strengthened in 2016 to better support trade facilitation. The Directorate of International Customs manages the programme under CBIC.On October 31, 2024, India has 5,947 AEO-certified entities. The certification operates under a three-tier system. An additional tier exists for logistics operators, ensuring comprehensive coverage.

 

2. AUKUS Pact’s Impact on New Zealand-China Relations: China’s ambassador Wang Xiaolong cautioned that New Zealand’s involvement in the AUKUS security pact could jeopardize its relationship with China, which comes as New Zealand evaluates its options regarding AUKUS. AUKUS is a trilateral security partnership formed in 2021, which includes Australia, the United Kingdom, and the United States. The pact aims to counter China’s influence in the Asia-Pacific region, which initially focused on providing Australia with nuclear-powered submarines. The agreement has since expanded to include advanced technology sharing.

 

3. Masato Kanda Elected as ADB President: The Asian Development Bank (ADB) has appointed Masato Kanda as its 11th President. His term begins on February 24, 2025, and succeeds Masatsugu Asakawa, who will leave office the day before. Kanda will complete Asakawa’s term, which ends on November 23, 2026. Masato Kanda is 59 years old and currently serves as a Special Advisor to Japan’s Prime Minister and Minister of Finance. Kanda has nearly 40 years of experience in finance. He held roles at Japan’s Ministry of Finance. His positions included Vice-Minister of Finance for International Affairs.

 

OTHER UPDATES:

DEFENCE

 

1. Indian Army Launches ‘Eklavya’ Online Learning Platform: The Indian Army has introduced an online learning platform named Eklavya, which coincides with the “Decade of Transformation” and the Year of Technology Absorption in 2024. General Upendra Dwivedi, the Chief of the Army Staff, inaugurated the platform. Eklavya was developed by the Headquarters Army Training Command. The Army War College provided essential support. The Bhaskaracharya National Institute of Space Applications and Geoinformatics (BISAG-N) in Gandhinagar created the platform at no cost. It is hosted on the Army Data Network. The platform is designed to be scalable, which allows the Army to add various training establishments easily. Officers can register for multiple courses simultaneously. Currently, 96 courses are available from 17 key training establishments.

 

2. India Tests K-4 Missile from INS Arighaat: The Indian Navy conducted a successful test of the K-4 ballistic missile, which took place in the Bay of Bengal and involved the new nuclear-powered submarine, INS Arighaat. The missile has a range of 3,500 km, which enhances India’s nuclear deterrence capabilities. Defence Minister Rajnath Singh brought into light the significance of INS Arighaat. He described it as a testament to India’s technological prowess. The submarine’s construction reflects the government’s “Aatmanirbharta” initiative, promoting self-reliance. Indian scientists, industries, and naval personnel collaborated on its development.

 

3. 59th All India Conference of Directors General/Inspector Generals of Police: Prime Minister Narendra Modi recently addressed the 59th All India Conference of Directors General/Inspector Generals of Police in Bhubaneswar, which took place on November 30 and December 1, 2024. The Prime Minister emphasized the need for a modernized and strategic police force. Modi urged police to adopt SMART principles – Strategic, Meticulous, Reliable, Transparent, and Flexible. He brought into light the importance of adapting to changing circumstances and challenges in law enforcement.The Prime Minister stressed using technology to ease officers’ workloads. He pointed out the necessity of addressing digital fraud, cyber crimes, and AI-related threats. He encouraged leveraging Artificial Intelligence to transform challenges into opportunities.

 

SCIENCE AND TECHNOLOGY

 

1. India International Science Festival (IISF) 2024: The India International Science Festival (IISF) 2024 will take place from November 30 to December 3, 2024, at the Indian Institute of Technology Guwahati. This year, the Council of Scientific and Industrial Research (CSIR) leads the event, which is supported by the National Institute for Interdisciplinary Science and Technology (CSIR-NIIST). IISF 2024 will feature numerous events and activities for the public and scientific communities. One major attraction is “Chandrayaan: The Museum of the Moon,” showcasing an artistic model of the moon. The Mega Science and Technology Exhibition will highlight India’s achievements in STEM.

 

2. ISRO’s PSLV Launches Proba-3 Mission: ISRO’s Polar Satellite Launch Vehicle (PSLV) will take off from Sriharikota on December 4, 2024, at 4:08 pm. The launch involves collaboration with the European Space Agency (ESA) and New Space India Limited (NSIL). The PSLV is ISRO’s trusted launch vehicle, which has a proven track record for reliability and versatility. The rocket is capable of launching satellites into various orbits. It has successfully completed numerous missions since its first flight in 1993. The Proba-3 mission is a groundbreaking initiative, which is the first precision formation flying mission in the world. The mission aims to deploy two satellites into a special elliptical orbit. These satellites will weigh a combined total of 550 kg.

 

 

 

Daily GK Update- 29th Nov, 2024

 NATIONAL UPDATES:

 

1. Piyush Goyal launches CII’s Ease of Doing Business and Regulatory Affairs Portal: Union Minister for Commerce and Industry, Piyush Goyal, has launched the Confederation of Indian Industry (CII) Ease of Doing Business (EoDB) and Regulatory Affairs Portal in a bid to enhance transparency and facilitate feedback on India’s business environment.The portal, unveiled during the 2nd DPIIT-CII National Conference on Ease of Doing Business, aims to provide real-time updates on key initiatives led by the government and CII, empowering users to track progress and resolve concerns effectively.The government’s approach to Ease of Doing Business is rooted in cooperative federalism and aims to make business processes smoother for both entrepreneurs and citizens.

 

2. SBI Funds Management appoints Nand Kishore as MD & CEO: SBI Funds Management has appointed Nand Kishore as Managing Director & Chief Executive Officer. He will take over from Shamsher Singh.Kishore was Deputy Managing Director (Global Markets) at SBI’s Corporate Centre in Mumbai, where he oversaw the bank’s treasury operations.Kishore has over 34 years of experience working with SBI across major banking verticals such as Branch Banking, International Operations, Treasury Operations and Investment Banking, Corporate Banking and Retail Operations.He began his career at the SBI as a Probationary Officer in 1990 and moved up the ranks to become Deputy Managing Director.

 

3. Hemant Soren sworn in as the Jharkhand Chief Minister for 4th time: Jharkhand Mukti Morcha (JMM) leader Hemant Soren was sworn in as the chief minister of Jharkhand for the fourth time.

Governor Santosh Kumar Ganagwar administered the oath of office and secrecy as the 14th chief minister of Jharkhand in a ceremony at Ranchi’s Morabadi Ground.This is the fourth time Hemant Soren has been sworn in as the Chief Minister of Jharkhand. He was first sworn in on 13 July 2013 and remained in office until 28 December 2014. His second term was from 2019- 31 January 2024, and his third term was from 4 July—28 November 2024.He broke the record of his father, Shibu Soren, who was also the Chief Minister of Jharkhand three times.During the recently held Jharkhand Legislative Assembly election, Hemant Soren led the INDIA alliance to a thumping majority. The INDIA alliance won 56 seats in the 81-member Jharkhand Assembly.

 

4. Masato Kanda elected as new President of ADB: Masato Kanda, former top currency diplomat for Japan, was elected as 11th president of the Asian Development Bank (ADB).Kanda, 59, currently serves as special advisor to Japan’s prime minister and minister of finance.He will assume office on Feb 24, 2025, succeeding Masatsugu Asakawa, who will leave office on Feb 23 next year.Kanda will complete the unexpired term of Asakawa, which ends on Nov 23, 2026.

 

5. DRA signs up Rashmika Mandanna as brand ambassador: Chennai-based real estate developer, DRA has signed on actress Rashmika Mandanna, as its brand ambassador.The company, which has so far developed 10 million sq ft of (mostly) residential space in Chennai, expects to add 2.7 m sq ft from its nine ongoing and six upcoming projects.Rashmika, who co-starred with Amitabh Bacchan, Goodbye, will help in this effort.The actor has endorsed many brands and products, such as McDonald’s, Kalyan Jewellers, Bisk Farm, Cashify and Dabur Honey and in 2023 was the first Indian ambassador to the Japanese fashion brand Onitsuka Tiger.

 

INTERNATIONAL UPDATES:

 

1. IIT Guwahati to host 2024 India International Science Festival: Indian Institute of Technology (IIT) Guwahati will celebrate India International Science Festival (IISF) 2024 from November 30 to December 3 in Guwahati.The theme of this 10th edition of IISF is “Transforming India into an S&T-driven Global Manufacturing Hub”. It reflects the government’s aim to merge science and technology with industrial growth, making India a global leader in manufacturing.The India International Science Festival is organised by the Union Ministry of Science and Technology and the Union Ministry of Earth Science in association with Vijnana Bharati.The various departments of the Ministry of Science and Technology—the Department of Science & Technology (DST), Council of Scientific & Industrial Research (CSIR), and Department of Biotechnology (DBT)—are involved in the India International Science Festival.

 

2. Kaziranga National Park hosted the 12th International Tourism Mart 2024: The 12th International Tourism Mart was held in the UNESCO World Heritage site Kaziranga National Park, Assam.Union Minister for Tourism and Culture Gajendra Singh Shekhawat inaugurated the 12th International Tourism Mart.The International Tourism Mart will highlight the vast potential of tourism in the North-Eastern Region to domestic and international audiences and bring together the Tourism and hospitality industry stakeholders to promote tourism in the region.Kaziranga National Park is celebrating its 50th anniversary of being declared a national park.The International Tourism Mart has been organised by the Union Ministry of Tourism every year since 2013.

 

3. 29 November – International Jaguar Day: International Jaguar Day is celebrated every year on November 29, aims to highlight the growing dangers to jaguars and the urgent need for their protection.These big cats, known as the largest in the Americas and key to preserving biodiversity and cultural heritage in Central and South America, are also crucial to the Amazon Rainforest and the third largest cat predator globally.In 2020, the World Wildlife Federation (WWF) started a plan to help jaguars grow in number and protect their homes by 2030. At the United Nations in New York in March 2018, leaders from 14 countries with jaguar habitats came together for the Jaguar 2030 Forum.This meeting led to the Jaguar 2030 Statement, which detailed many joint efforts to save jaguars, including the idea for an International Jaguar Day.

 

 

OTHER UPDATES:

DEFENCE

 

1. Army launches ‘Eklavya’ online digital platform for officers’ training: Chief of the Army Staff (COAS) General Upendra Dwivedi has launched an online learning platform for the Indian Army nicknamed as “Eklavya”.This initiative aligns with the Indian Army propelling itself into the “Decade of Transformation” as envisioned by the COAS and also with Indian Army’s theme for 2024 as the “Year of Technology Absorption,”.The Eklavya software platform has been developed under the aegis of Headquarters Army Training Command with Army War College as the sponsor agency. The platform has been developed at zero cost through “Bhaskaracharya National Institute of Space Applications and Geoinformatics” (BISAG-N), Gandhinagar, along with support from Directorate General of Information Systems.Student officers are permitted to register for multiple courses simultaneously. A total of 96 courses by 17 Category ‘A’ Training Establishments of the Indian Army have already been hosted on the platform.

 

 

SCIENCE AND TECHNOLOGY

 

1. Indian Navy successfully Test fires K-4 Missile from INS Arighaat: Indian Navy has successfully tested a nuclear-capable K-4 missile from its nuclear-powered submarine INS Arighaat. The INS Arighaat submarine can carry four K-4 missiles.The Indian Navy commissioned its second nuclear-powered submarine, INS Arighat, on 29 August 2024. The first nuclear-powered submarine, INS Arihant, was inducted in November 2017.INS Arihant can carry only one K-4 missile.K-4 is a nuclear-capable submarine-launched ballistic missile (SLBM) developed by theDefence Research and Development Organisation (DRDO).The missile is in the user trial phase before its final induction on INS Arihant/INS Arighaat. It is the second SLBM to be developed by the DRDO.

 

BANKING AND FINANCE

 

1. SBI raises ₹50,000 crore via bonds in FY25: State Bank of India (SBI) has raised ₹50,000 crore through domestic bonds so far during FY25.The bond issuances include ₹30,000 crore in long-term, tier 2 bonds worth ₹15,000 crore and AT1 bonds amounting to ₹5000 crore.The bank garnered Rs 5,000 crore AT1 Bonds, Rs 15,000 crore Tier 2 Bonds and Rs 30,000 crore Long Term Bonds till date during FY25 at a very competitive rate.The country’s biggest lender State Bank of India earlier this month had raised Rs 10,000 crore through its seventh infrastructure bond issuance.All these issues have attracted overwhelming responses from investors and were oversubscribed by more than 2 times against the respective base issue size.These bonds are of 15-year tenor except for the AT1 Bonds which is perpetual.

 

2. SEBI pushes for interoperability between NSE and BSE during outages from April 1: The Securities and Exchange Board of India (Sebi) has announced the interoperability of stock exchanges to ensure business continuity in the face of a technical glitch or an outag The interoperability for cash, derivatives, currency derivatives, and interest rate derivatives will be effective from April 1, 2025.Upon discussion with exchanges, it has been decided that, to begin with, the NSE would act as an alternative trading venue for the BSE and vice-versa.Stock exchanges have been directed to issue a standard operating procedure (SOP) regarding it in the next two months.Traders would be able to hedge their open positions by taking offsetting positions in identical or correlated indices on other exchanges.

 

3. Ideal Insurance Brokers Join Hands with Riskcovry to Launch Digital Insurance Platform: Ideal Insurance Brokers, one of India’s leading insurance broking firms, has partnered with insurtech platform Riskcovry to introduce a state-of-the-art digital insurance distribution platform. This collaboration significantly shifts from traditional offline processes to a fully digital and customer-centric approach.The partnership equips Ideal Insurance with a comprehensive digital suite, providing its team with instant access to a wide range of insurers and products through an intuitive dashboard. Key features include real-time business tracking via robust MIS and reporting tools and streamlined workflows that minimize manual tasks and operational errors.