Daily GK Update- 14th Dec, 2024

 NATIONAL UPDATES:

 

1. Ist India Maritime Heritage Conclave 2024 Concludes in New Delhi: The two-day first India Maritime Heritage Conclave 2024 concluded in New Delhi. The Conclave highlighted India’s rich maritime legacy since the Harappan period.Apart from highlighting India’s rich maritime heritage, the Conclave also deliberated on developing the maritime sector in India to create employment opportunities and make India a global hub and a leading maritime player.Four State Governments – Gujarat, Goa, Bihar and Arunachal Pradesh participated in the Conclave.The Union Ministry of Ports, Shipping and Waterways organized the India Maritime Heritage Conclave 2024.The Union Ministry for Labour and Employment, the Union Ministry for Youth Affairs and Sports, the Union Ministry for Education, and the Union Ministry for Tourism and Culture collaborated with the Union Ministry of Ports, Shipping and Waterways.

 

2. Himachal Pradesh Govt launched Him Bhog Atta and five Welfare scheme: Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu has launched six welfare schemes in the state to mark the two years of the completion of his government. The recently launched welfare schemes are as follows.‘Him Bhog Atta’ was launched by the Chief Minister, made from maize grown by farmers in Uttarakhand through natural farming methods.Natural farming systems involve traditional techniques like biomass mulching, round-the-year green cover, and indigenous cow-based dung and urine formulations.The state government procured maize from 1,506 farmers across ten districts of the state.To promote natural farming, the government aims to enroll 36,000 farmers in the Rajiv Gandhi Natural Farming Start-up Scheme, part of the Rajiv Gandhi Start-up Scheme.

 

3. Himachal Pradesh Subtropical Horticulture, Irrigation and Value Addition Project (HP Shiva): Total budget for the scheme -Rs1292 croreAim -to encourage horticulture development in nine districts.It will cover 6,000 hectares and promote the cultivation of fruits like oranges, guavas, litchi and plums,Expected to benefit 15,000 farming families directly. The target is to produce 1.3 lakh metric tonnes of fruit annually by 2032 with a market value of Rs. 400 crore.

 

4. E-taxi under the Rajiv Gandhi Start-up Swarojgar Yojna: The Chief Minister symbolically handed keys to 16 electric taxi owners under the Rajiv Gandhi Self-Employment Start-up Scheme 2023. The beneficiary of the scheme receives a 50 % subsidy for the purchase of vehicles. Electric vehicles will be leased to the state government for five years.The state government will buy organic and vermicompost directly from farmers at Rs 300 per quintal. The amount is directly transferred into the farmer’s account.This is expected to boost farmer’s income.

 

5. Uber launches women-only bike taxi service ‘Moto Women’ in Bengaluru: Ride-hailing giant Uber India has introduced ‘Uber Moto Women’ in Bengaluru, marking its first women-exclusive bike taxi service globally.The service, which connects female riders with female drivers, is set to expand to other major metropolitan cities, including Delhi, Mumbai, Kolkata, Chennai, and Hyderabad.Uber Moto Women drivers will have the option to switch between accepting only female riders or all passengers.Additionally, to ensure passenger safety, Uber has integrated real-time trip sharing with up to five trusted contacts, phone number anonymisation, and RideCheck – a system that monitors route deviations and unexpected stops.A dedicated 24×7 safety helpline also offers priority support for women users.

 

6. TransUnion CIBIL appoints Bhavesh Jain as MD & CEO: TransUnion CIBIL has appointed Bhavesh Jain as its Managing Director and CEO. He replaces Rajesh Kumar, who stepped down after five years in the role.Rajesh has decided to move on after a continuous 32-year career in financial services. Jain, who served as chief revenue officer for five years, now assumes the top role.

 

INTERNATIONAL UPDATES:

 

1. CM Dhami inaugurated 10th World Ayurveda Congress 2024 at Dehradun: Uttarakhand Chief Minister Pushkar Singh Dhami inaugurated the 10th World Ayurveda Congress and Arogya Expo 2024 at Dehradun. The 10th World Ayurveda Congress and Arogya Expo 2024 will be held in Dehradun from 12-15th December 2024.Theme 2024 – Digital Health- an Ayurveda Perspective

The first Ayurveda Conference was organised in Kochi, Kerala, in 2002.It is organised every two years, and the 9th edition of the World Ayurveda Congress and Arogya Expo was held in Goa from 8-11 December 2022.The World Ayurveda Congress and Arogya Expo 2024 are being organised by the Union Ministry of Ayush and the World Ayurveda Foundation.About the World Ayurveda Congress and Arogya ExpoThe World Ayurveda Foundation established the World Ayurveda Congress to promote Ayurveda as a healthcare system in India and Abroad.

 

2. 12 December – International Day of Neutrality: International Day of Neutrality is commemorated on December 12 every year to raise awareness regarding the importance of neutrality in intergovernmental relations and to strengthen peace and security at the global level.

On 2 February 2017, the UN General Assembly adopted without a vote resolution 71/275 introduced by Turkmenistan, recognised by the UN as a permanently neutral state since 12 December 1995 which noted the link between the preservation of peace and the 2030 Agenda for Sustainable Development, and declared 12 December as the International Day of Neutrality.

 

3. 11 December – International Mountain Day: International Mountain Day is celebrated every year on 11 December.Objective – To raise awareness about the importance of mountains to life, highlight opportunities and constraints in mountain development.Theme 2024 – Mountain solutions for a sustainable future – innovation, adaptation and youthThis day, which was instituted by the UN in 2003, emphasizes the need for protecting mountain ecosystems and sustaining the means of subsistence for mountain populations.

 

4. 11 December – UNICEF Day: UNICEF Day is celebrated annually on 11 December to commemorate the establishment of the United Nations International Children’s Emergency Fund (UNICEF) in 1946.This day highlights the organization’s critical role in advocating for and protecting the rights of children worldwide.The day also stresses the significance of worldwide collaboration in tackling children’s difficulties, campaigning for equal chances, and ensuring impoverished children have access to important services.On December 11, 1946, the United Nations General Assembly and Ludwik Rajchman established UNICEF to address the needs of children in World War II-affected nations and give emergency aid to war-affected children and mothers.

 

OTHER UPDATES:

 

SPORTS 

 

1. Indian Grandmaster D. Gukesh becomes youngest World chess champion: Indian Grandmaster Dommaraju Gukesh became the youngest chess champion in the world.Gukesh made history as he clinched 18th World Chess Championship defeating Ding Liren of China in the 14th and the final match of the FIDE World Chess Championship in Singapore.With the endgame dragging out into the fifth hour, Ding made a blunder in the 55th move which cost him the match and the crown.India’s 18-year-old prodigy capped his meteoric rise scoring 7.5 points while defending champion Ding got 6.5 points in the championship. In total 14 matches, Gukesh won three while Ding succeeded in two, rest nine matches were drawn.Gukesh beat the record previously held by Garry Kasparov who got the crown at age of 22. Gukesh is the second world champion from India after Viswanathan Anand, who won the title four times.

 

2. Mumbai Indians appoint Carl Hopkinson as new fielding coach: Mumbai Indians have appointed Carl Hopkinson as their new fielding coach ahead of IPL 2025.Hopkinson has replaced James Pamment, who was MI’s fielding coach for seven years.Hopkinson recently finished his stint as England’s long-standing fielding coach, a role which he took up in 2018.He was involved in England’s ODI World Cup win on home soil in 2019 and the T20 World Cup triumph in Australia in November 2022. Hopkinson was also the head fielding coach for the England U19 team in the 2022 ICC U19 World Cup.

 

3. India Wins Women’s Hockey Junior Asia Cup 2024: India’s women’s hockey team triumphed in the Women’s Hockey Junior Asia Cup 2024, held in Muscat, Oman. They secured victory against China after a tense shootout, marking their second consecutive title in this tournament. The final match began with China taking an early lead when Jinzhuang Tan scored in the 30th minute. India equalized in the third quarter with a goal from Kanika Siwach in the 41st minute. The match concluded with a 1-1 draw, leading to a penalty shootout.

 

 

 

 

SCIENCE AND TECHNOLOGY

 

1. NISAR Satellite Launch Set for March 2025: In March 2025, the Indian Space Research Organisation (ISRO) will launch the NISAR satellite, a milestone in space exploration, the 2.8-tonne satellite will be deployed using the GSLV Mk-II rocket. NISAR represents a collaborative effort between India and the United States, culminating in a ₹5,000-crore project initiated in 2009. NISAR is a Synthetic Aperture Radar (SAR) satellite. Unlike traditional satellites that capture images with cameras, SAR satellites emit radio signals that bounce back to generate detailed images. This technology allows NISAR to operate effectively in darkness, adverse weather, and dense vegetation.

 

BANKING AND FINANCE

 

1. Asian Development Bank approves $788 million loan for Amaravati in AP: The Asian Development Bank (ADB) has sanctioned a USD 788.8 million (over Rs 6,600 crore) results-based loan to Andhra Pradesh for the development of Amaravati as a green and smart capital city that offers world-class infrastructure.The loan will be provided in Japanese yen, amounting to 121.97 billion yen.The Amaravati Inclusive and Sustainable Capital City Development Programme is designed to transform Amaravati into a growth hub for the region, enhancing economic prospects, providing job opportunities, and improving living conditions of the residents.ADB and other multilateral development banks (MDBs) will bring global expertise and technical support to the Government of Andhra Pradesh, establishing a strong foundation for a dynamic, sustainable, and vibrant capital city.

 

2. ADB approves $500 million loan to boost India’s sustainable infrastructure: The Asian Development Bank (ADB) has approved a $500 million loan to support India’s economic growth by promoting environmentally sustainable infrastructure.The ADB loan, with a sovereign guarantee, to India Infrastructure Finance Company Limited (IIFCL) will advance sustainable infrastructure development.This will help IIFCL provide long-term capital for infrastructure projects focusing on connectivity and energy transition as well as under-resourced sectors like urban projects, education, and health care.

 

3. HSBC, IFC launch $1 bn trade finance programme for emerging markets: HSBC and the World Bank’s International Finance Corporation (IFC) will jointly provide funding to trade transactions valued at up to $1 billion, in a move to help fill a gap in financing for emerging market trade.They would equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries in Africa, Asia, Latin America, and the Middle East.The deal aims to support cross-border trade and bolster exports in critical industries as economies face geopolitical tensions and trade barriers that could create uncertainty for supply chains and threaten economic growth.

 

 

 

AWARDS AND HONOURS

 

1. Nobel Prize 2024 winners Honoured in Stockholm and Oslo: The 2024 Nobel Prize winners were honored in ceremonies held in Stockholm and Oslo on 10 December 2024.The Nobel Prize was instituted by the Nobel Foundation in memory of Alfred Nobel, who passed away on 10 December 1896.The Nobel Prizes are conferred every year on 10th December, the anniversary of Alfred Nobel’s death.The Physics, Chemistry, Physiology or Medicine, and Economic Science Nobel laureates are honored at a ceremony in Stockholm, Sweden. The Peace Prize is awarded to its recipient in Oslo, Norway.

 

 

Daily GK Update- 13th Dec, 2024

 NATIONAL UPDATES:

 

1. HPCL inks pact with Sea6 Energy to convert seaweed biomass into fuels: Government-owned oil major HPCL and Sea6 Energy Private Limited have entered into a MoU for R&D collaboration to take up joint development and commercialisation of technologies for valorising seaweed biomass.Under this MoU, HPCL will develop and scale up technologies jointly with Sea6 Energy for the conversion of seaweed biomass into fuels and chemicals. While these technologies are being developed and piloted, Sea6 Energy will also work on the upstream portion of making seaweed farming and harvesting more cost-effective.Seaweeds provide an attractive alternative to traditional biomass as far as biofuel production is concerned because it doesn’t compete with food security, does not require fertilisers or irrigation, and can be practised in areas unsuitable for traditional agriculture such as coastlines.

 

2. IEPFA and ACCA Sign MoU to Boost Financial Literacy and Investor Protection Across India: The Investor Education and Protection Fund Authority (IEPFA), and the Association of Chartered Certified Accountants (ACCA) have signed an MoU to enhance financial literacy, investor education, and protection in India, focusing on both urban and rural sectors.The collaboration will implement the “Financial Education for You” (FEFY) program, a four-year initiative targeting students in grades 6 to 9 to build a strong foundation for sound financial decision-making.ACCA will provide digital content for free and train school educators to effectively deliver the curriculum, ensuring widespread access to financial literacy tools.The pilot phase will begin in select schools, using interactive and experiential learning techniques to promote responsible financial behavior among students.

 

3. Rahul Narwekar of BJP re-elected Speaker of 15th Maharashtra Assembly: Rahul Narwekar of the ruling Bharatiya Janata Party was re-elected as the 15th Maharashtra Legislative Assembly Speaker.Rahul Narwekar, who was the Speaker for two and a half years in the previous 14th Legislative Assembly, was elected unopposed.On 6 December, the Governor of Maharashtra, C P Radhakrishnan, administered the oath of Protem Speaker to Kalidas Sulochana Nilkanth Kolambakar.The Protem Speaker administered the oath of office to the newly elected 288 members of the assembly and presided over the election of the Speaker of the House.

 

4. Rabindra Mahto re-elected Speaker of 6th Jharkhand Legislative Assembly: Rabindra Nath Mahato of the ruling party, Jharkhand Mukti Morcha (JMM), was unanimously re-elected Speaker of the 6th Jharkhand Legislative Assembly.Rabindra Nath Mahato was the Speaker of the previous 5th Jharkhand Legislative Assembly also.Rabindra Nath Mahato is the first person to be elected Speaker of the Assembly for two consecutive terms.Inder Singh Namdhari is the only other person who has been the Speaker of the Jharkhand assembly twice but not for two consecutive terms.

 

INTERNATIONAL UPDATES:

 

1. India participates in the 2nd meeting of the Supply Chain Council (SCC) as Vice-Chair, under India-Pacific Economic Framework: India participated in the 2nd meeting of the Supply Chain Council as vice-chair. India was represented by Shri Rajesh Agrawal, Additional Secretary, Department of Commerce.The Chair (United States) of SCC highlighted the significant progress made since the last meeting in September 2024 and shared an update on the APT relating to Chemicals, in efforts are being made, to promote greater chemicals trade and diversify sources through various work streams, and enhance international business matchmaking.The Supply Chain Council was formed under the Agreement relating to Supply Chain Resilience under IPEF to pursue targeted, action-oriented work to strengthen the supply chains for those sectors and goods most critical to national security, public health, and economic well-being in the India-Pacific region which represents about 40 % of Global GDP and 28% of Global trade in goods and service.

 

2. Mohammad al-Bashir appointed Interim Prime Minister of Syria: The Hayat Tahrir al-Sham, or HTS rebels in Syria, appointed Mohammad al-Bashir as the transitional Prime Minister of Syria after Bashar al-Assad’s government fell.Mohammad al-Bashir will remain the head of the transitional government in Syria until 1st March 2025.Mohammad al-Bashir is part of the rebel jihadist organisation HTS that swept into the capital, Damascus, on 8 December 2024, bringing to an end five decades of rule by Assad’s family.Syrian President Bashar al-Assad fled from the country and is believed to be in Moscow, Russia, which was the biggest supporter of the Assad government and maintains a military base in the country.

 

3. 12 December – International Universal Health Coverage Day: International Universal Health Coverage (UHC) Day is celebrated annually on December 12 to raise awareness about the need for strong, resilient health systems and universal health coverage.Theme 2024 – Health: It’s on the Government!It was first launched on December 12, 2012, when the United Nations General Assembly (UNGA) unanimously supported the resolution to make UHC a priority of countries as integral and necessary for the fulfilment of human rights and international development In 2014, it was proclaimed as UHC Day by the Universal Health Coverage Coalition. Thus, UNGA declared December 12 International Universal Health Coverage Day in 2017.

 

OTHER UPDATES:

DEFENCE

 

1. Nepal Army chief conferred honorary rank by President Murmu: President Droupadi Murmu conferred the honorary rank of ‘General of Indian Army’ on Nepal’s Army chief General Ashok Raj Sigdel at a ceremony in New Delhi.He was honoured for his commendable military prowess and immeasurable contribution to further fostering Nepal’s long and friendly association with India.Since 1950, the army chiefs of Nepal and India have had a unique tradition of being conferred the title of Honorary General.General Sigdel, an alumnus of the Nepali Military Academy, was commissioned into the Nepali Army in February 1987. He assumed command of the Nepali Army as Chief of Army Staff on September 9, 2024.

 

2. BEML secures ₹136 crore contract from Ministry of Defence for High Mobility Vehicles: Defence PSU BEML Limited has secured ₹136-crore contract to supply indigenously designed High Mobility Vehicles (HMVs) 8×8.These vehicles will be deployed for the Battlefield Surveillance System (BFSS) project.The HMVs will primarily be manufactured at the Palakkad plant, with additional production in other divisions as determined by management based on operational feasibility.

 

3. Defence Ministry signs ₹13,500-crore deal with HAL for 12 Su-30MKI aircraft: In a significant step toward bolstering India’s defence capabilities and promoting the ‘Aatmanirbhar Bharat’ initiative, the Ministry of Defence (MoD) has signed a contract with Hindustan Aeronautics Ltd (HAL) for the procurement of 12 Su-30MKI aircraft.The deal, valued at approximately ₹13,500 crore, includes associated equipment and is inclusive of taxes and duties. The aircraft will feature a homegrown content of 62.6%, achieved through the indigenisation of numerous components manufactured by the Indian defence industry.The Russian-origin Su-30MKI jets are being procured for the Indian Air Force. These jets are now manufactured by the HAL under an intergovernmental framework.The Su-30MKIs will be produced at HAL’s Nashik division, “The supply of these aircraft would enhance the operational capability of the Indian Air Force and strengthen the defence preparedness of the country.

 

SPORTS 

 

1. Ladakh to host Khelo India Winter Games from Jan 23: The dates for the Khelo India Winter Games (KIWG) have been announced, with Ladakh set to host the ice events from January 23 to 27, 2025, while Jammu and Kashmir will host the snow events from February 22 to 25, 2025.The Khelo India Winter Games began in 2020. Nearly 1,000 athletes, including 306 women, participated in the inaugural edition.Participation has grown significantly over the years, with more than 1,350 athletes in 2021 and over 1,500 in 2022, reflecting the increasing appeal of the Games in Jammu and Kashmir.The 2024 edition of KIWG witnessed over 1,200 participants, including more than 700 athletes, 141 support staff, 113 technical officials, and over 250 volunteers. A total of 136 medals were contested.

 

2. Haris and Wyatt-Hodge crowned ICC Players of the Month for November 2024: The International Cricket Council (ICC) has announced the ICC Players of the Month for November 2024 as Pakistan’s Haris Rauf and England’s Danni Wyatt-Hodge.Pakistan pacer Haris wins after his destructive bowling spells in Australia secured Pakistan’s first ODI series victory in the country since 2002, while England’s evergreen Wyatt-Hodge produced trademark fireworks in her side’s convincing short-format victory over South Africa.Both players win their maiden Player of the Month awards.

 

BANKING AND FINANCE

 

1. ADB cuts India FY24 GDP growth forecast to 6.5%, 7% in FY25 on weak demand: The Asian Development Bank (ADB) has lowered India’s economic growth forecast to 6.5 per cent for the current financial year from its earlier estimate of 7 per cent due to lower-than-expected growth in private investment and housing demand.The multilateral development bank has also lowered India’s growth forecast for 2025-26 financial year.Asia and the Pacific’s economies are projected to grow 4.9 per cent in 2024, slightly below ADB’s September forecast of 5 per cent.

 

2. India’s FDI Journey hits $1 Trillion: India has crossed a milestone of $1 trillion in cumulative foreign direct investment (FDI) inflows since April 2000, led by improved global competitiveness, a dynamic innovation ecosystem, and a business-friendly environment, according to the commerce and industry ministry.Taiwanese companies are increasingly shifting their supply chains to India due to global trade tensions, with FDI from Taiwan surpassing $665 million between 2018 and 2024.This achievement was bolstered by a nearly 26% rise in FDI to $42.1 billion during the first half of the current fiscal year, reflecting India’s growing appeal as a global investment destination.Over the last decade (April 2014 to September 2024), total FDI inflows amounted to $709.84 billion, accounting for 68.69% of the overall FDI inflow in the past 24 years.

In June 2024, India saw an increase in outward FDI commitments to $2.14 billion compared to $1.14 billion in June 2023, despite a decrease from $2.22 billion in May 2024.

 

AWARDS AND HONOURS

 

1. National Panchayat Awards 2024: The National Panchayat Awards 2024 honoured 45 exceptional Panchayats for their contributions to sustainable and inclusive development in rural India. The event was presided over by the Hon’ble President of India, Smt. Droupadi Murmu, with Hon’ble Union Minister of Panchayati Raj, Shri Rajiv Ranjan Singh alias Lalan Singh.During the prestigious ceremony, 45 Panchayats from diverse regions were honoured in recognition of their exemplary work in rural development. A booklet titled ‘Best Practices on Works of Awardee Panchayats’ was unveiled, documenting the innovative and impactful practices implemented by the award-winning Panchayats. The National Panchayat Awards are usually celebrated on April 24th every year, in conjunction with National Panchayati Raj Day (due to the General Elections to the Lok Sabha held earlier in 2024, the award ceremony was rescheduled to 11th December this year.).

 

Daily GK Update- 12th Dec, 2024

 NATIONAL UPDATES:

 

1. MoEFCC Facilitates Landmark Agreements to Advance Circular Economy and Waste Management: The Ministry of Environment, Forest and Climate Change facilitated the signing of a significant MoU between the Government of Telangana and CSIR, along with agreements with leading recyclers to promote India’s transition to a circular economy.The MoU aims to develop a skilled workforce in recycling and waste management, with CSIR providing technical support through training programs in Telangana.The agreements between eight CSIR laboratories and recyclers focus on innovative waste management and recycling technologies to establish advanced recycling infrastructure and support domestic waste recycling.These initiatives align with the Prime Minister’s call for Mission Circular Economy, aiming to minimize waste, recover valuable materials, and reduce dependence on virgin resources through policies like the Extended Producer Responsibility (EPR).

 

2. PM Narendra Modi inaugurates Rising Rajasthan Global Investment Summit: Prime Minister Narendra Modi inaugurated the Rising Rajasthan Global Investment Summit 2024 and the Rajasthan Global Business Expo at the Jaipur Exhibition and Convention Centre (JECC) in Jaipur, Rajasthan.It is part of the Rajasthan Government’s goal of doubling the state’s economy to USD 350 billion in the next five years.Theme 2024 – Replete, Responsible, ReadyThe Summit will host 12 sectoral thematic sessions on the themes of water security, sustainable mining, sustainable finance, inclusive tourism, agri-business innovations and women-led Startups among others.Eight Country sessions will also be held during the Summit with participating countries on themes like Water Management for Livable Cities’, ‘versatility of Industries- manufacturing and Beyond’ and ‘Trade & Tourism.’

 

3. Cabinet approves Singing of MoU between GSI and CNR-IRPI, Italy for Collaboration in Landslide Prediction and Forecasting: The Geological Survey of India (GSI) will collaborate with Italy’s Research Institute for Geo-Hydrological Protection (CNR-IRPI) to enhance landslide forecasting and early warning systems.This partnership, approved by the Union Cabinet, aims to improve India’s Landslide Early Warning Systems (LEWS) to international standards.GSI’s state-of-the-art NLFC, based in Kolkata, currently provides daily live forecast reporting in Kalimpong and Darjeeling (West Bengal) and Nilgiri (Tamil Nadu), while ground testing is underway in 13 additional districts. The center’s vision is to ensure timely landslide forecasting to reduce risks and improve preparedness.The collaboration will integrate GSI’s landslide inventory, susceptibility, and forecast maps with PM Gati Shakti, enhancing resilience in fragile hilly terrains and supporting sustainable development and environmental protection.

 

4. Fifteenth Finance Commission Grants Released for the Rural Local Bodies of Himachal Pradesh and Goa: The Union Government has released the Fifteenth Finance Commission (XV FC) Grants during Financial Year 2024–25, for Rural Local Bodies in Himachal Pradesh, 2nd installment of Untied Grants amounting to Rs.70.40 crores along with the withheld amount of 1st installment of Untied Grants for Financial Year 2024–25 amounting to Rs.11.4716 crores.These funds are for all eligible 12 District Panchayats, all eligible 81 Block Panchayats and all eligible 3615 Gram Panchayats.XV FC Grants during Financial Year 2024–25, for Rural Local Bodies in Goa, 2nd installment of Untied Grants of the Financial Year 2022–23 amounting to Rs.9.69 crores have also been released. These funds are for all eligible 191 Gram Panchayats of the State.

 

INTERNATIONAL UPDATES:

 

1. Kyndryl Partners with The Co-operative Bank for Strategic Cloud Migration: Kyndryl, the world’s largest IT infrastructure services provider, has partnered with The Co-operative Bank to migrate the bank’s existing applications from on-premise environments to AWS Cloud.This initiative aims to provide a flexible IT infrastructure, enhancing operational efficiency and service delivery while reducing ongoing costs.The partnership builds on a long-standing relationship between Kyndryl and The Co-operative Bank. The transition to AWS Cloud marks a significant milestone in the bank’s digital transformation journey, positioning it to meet evolving market demands and drive innovation.

 

2. 11 December – International Mountain Day: International Mountain Day is celebrated annually on 11 December.Objective – To raise awareness about the importance of mountains to life, highlight the opportunities and constraints in mountain development, and build alliances that will bring positive change to mountain peoples and environments.Theme 2024 – Mountain solutions for a sustainable future – innovation, adaptation and youthThis day, which was instituted by the UN in 2003, emphasizes the need for protecting mountain ecosystems and sustaining the means of subsistence for mountain populations

 

OTHER UPDATES:

 

SPORTS 

 

1. F1 Abu Dhabi Grand Prix 2024: Lando Norris win ends McLaren’s long wait for Constructors’ Championship: McLaren won the World Constructors’ Championship after 26 years, at the Abu Dhabi Grand Prix, the finale of the Formula One 2024 season.Carlos Sainz and Charles Leclerc were second and third for Ferrari, respectively.McLaren finished with 666 points to Ferrari’s 652 and Red Bull’s 589.Seven-time world champion Lewis Hamilton finished fourth in his last race for Mercedes, overtaking teammate George Russell on the 58th and final lap. He joins Leclerc at Ferrari next season.

 

2. 2027 Women’s World Cup in Brazil will run from June 24 to July 25: The 2027 Women’s World Cup in Brazil will be played from June 24 to July 25, FIFA, soccer’s international governing body announced.Thirty-two teams will participate in the Women’s World Cup, which is being played in South America for the first time.Brazil has one of CONMEBOL’s three spots as host. UEFA has the largest number of slots with 11, followed by AFC with six, CAF and CONCACAF with four apiece and OFC with one. The other spots will be determined via playoff.Spain is the defending champion, having won the 2023 Women’s World Cup jointly hosted by Australia and New Zealand.

 

3. FIFA Confirms Saudi Arabia As 2034 World Cup Host: FIFA has confirmed that Saudi Arabia will host the 2034 World Cup, underlining the Gulf kingdom’s growing influence in world sport despite criticism of the country’s human rights record.At the same time, a virtual Congress of world football’s governing body confirmed that Morocco, Spain and Portugal will be joint hosts of the 2030 World Cup, in which three games will also be played in South America.The Saudi bid was waved through by acclamation during the meeting of FIFA’s 211 national member associations, with no rivals standing in its way.

 

BANKING AND FINANCE

 

1. ICICI Bank Partners with Commonwealth Bank of Australia to Boost India-Australia Business Corridor: ICICI Bank has signed an MoU with the Commonwealth Bank of Australia (CBA) to enhance support for customers engaged in the Australia-India business corridor.The MoU was signed by Rakesh Jha, Executive Director of ICICI Bank, and Mike Vacy-Lyle, Group Executive of Business Banking at CBA.The collaboration aims to foster deeper economic ties between the two nations by exploring several initiatives, including:Introducing corporate and institutional customers to opportunities for investment or business expansion in India and Australia.

 

2. Universal Sompo GI Collaborates with CRY to Empower Education for Marginalized Communities in Andhra Pradesh: Universal Sompo General Insurance has collaborated with Child Rights and You (CRY) to foster educational opportunities for children in marginalized communities in Andhra Pradesh.The initiative aims to address barriers to education and equip students with the tools needed to pursue professional courses and brighter futures. This program will directly benefit 114 students and 82 families, empowering communities by facilitating access to professional courses and better career opportunities. The collaboration will initiate an educational project aimed at establishing Remedial Tuition Centres specifically for 10th and 12th-grade students.The project aims to prepare students for their board examinations over a three-month period (Jan to March 2025), ensuring that all enrolled 10th and 12th graders successfully appear for these critical assessments.

 

3. S&P Global retains 6.8% growth for FY25: The Indian economy is expected to grow by 6.8% in 2024-25 and 6.9% in 2025-26, according to India Outlook by S&P Global Ratings.The economy is poised for robust growth in 2025, supported by strong urban consumption, steady growth in the service sector, and ongoing investment in infrastructure.In the second quarter of the current financial year, the gross domestic product (GDP) grew by 5.4%, marking a seven-quarter low, due to weak manufacturing and sluggish demand, according to the official data released last month. Manufacturing growth was recorded at 2.2%, down from 7% in the first quarter.In the monetary policy meeting last week, the RBI revised its growth estimate for 2024-25 to 6.6% from 7.2% earlier. It also kept the policy rate unchanged at 6.5% for the eleventh consecutive time.

 

AWARDS AND HONOURS

 

1. Shaji N Karun Chosen for J C Daniel Award
: Eminent filmmaker Shaji N Karun has been selected for the J C Daniel Award for 2023, recognising his lifetime contribution to Malayalam cinema.The award, the highest honour in Malayalam cinema instituted by the state government, includes a cash prize of Rs 5 lakh, a citation, and a statuette.Shaji N Karun was chosen for the award for his contributions that made a mark for Malayalam at the national and international level.

 

Daily GK Update- 11th Dec, 2024

 NATIONAL UPDATES:

 

1. Varthana Secures $15 Million Funding to Revolutionise Affordable Education in India: Varthana has successfully secured $15 million (₹120 crores) from the BlueOrchard Microfinance Fund, managed by global impact investor BlueOrchard, through the External Commercial Borrowings (ECB) framework.The funds will support Varthana’s mission to enhance affordable private education in India, particularly for underserved communities.The funding will be used to expand Varthana’s lending portfolio, focusing on affordable private schools and vocational students in Tier 2 and Tier 3 cities, with a focus on infrastructure upgrades and skill-based learning initiatives.Varthana has already made a significant impact by financing over 11,000 affordable private schools and facilitating more than 16,500 loans for school expansion and renovation.

 

2. Flipkart, DPIIT sign MoU to accelerate growth of startup ecosystem: Flipkart, India’s homegrown e-commerce platform, has signed an MoU with the Department for Promotion of Industry and Internal Trade (DPIIT) to support and empower tech start-ups in India.Aimed at encouraging the growth of innovators and entrepreneurs, the partnership would build on existing efforts under the Flipkart Leap and Ventures initiative with its $100 million fund.Under the Flipkart Ventures initiative, startups would be offered resources, guidance, and support for different milestones, such as prototype development, infrastructural support, network access and insights for international expansions.

 

3. Krishnaveni Sangeetha Neerajanam 2024 concluded in Vijayawada: The three-day Krishnaveni Sangeetha Neerajanam 2024 successfully concluded at the Tummalapallivari Kshetrayya Kalakshetram Auditorium in Vijayawada, Andhra Pradesh.The festival was organised to pay rich tribute to Telugu culture and Carnatic music and provide a platform for lesser-known artists to perform.The three-day Krishnaveni Sangeetha Neerajanam was organised by the Union Ministry of Tourism in partnership with the Union Ministry of Culture, the Union Ministry of Textile, and the government of Andhra Pradesh.The cultural and musical festival was held at three places in Andhra Pradesh. It was held at Durga Ghat on the banks of the Krishna River, Shree Durga Malleswari Swami Vaarla Temple, and Tummalapallivari Kshetrayya Kalakshetram Auditorium in Vijayawada.About the Krishnaveni Sangeetha Neerajanam

 

4. Sanjay Malhotra appointed as new RBI Governor: Sanjay Malhotra, the Revenue Secretary of the Finance Ministry, has been appointed the 26th Governor of the Reserve Bank of India (RBI). He will assume office on 11 December 2024 after the incumbent Governor, Shaktikanta Das, retires on 10 December 2024.Sanjay Malhotra has been appointed for three years, starting 11 December 2024. The central government can dismiss him before the completion of his tenure, or he can resign from his office.Under section 8 of the Reserve Bank of India Act 1934, the Central government appoints the Governor and four Deputy Governors of the RBI.According to the RBI Act 1934, the Governor or the Deputy Governor can be appointed for a maximum term of five years and is eligible for reappointment. It means that one term of the Governor or the Deputy Governor can be up to 5 years.

 

INTERNATIONAL UPDATES:

 

1. John Dramani Mahama wins Ghana presidential election: National Democratic Congress (NDC) presidential candidate and former Ghanaian President John Dramani Mahama who is returning as Ghana’s president eight years after losing power, achieved his political comeback on a promise to mend the West African country’s economy.The eldest son of a wealthy rice trader turned politician, Mahama became Ghana’s interim leader in 2012 after the sudden death of President John Atta Mills, under whom Mahama served as vice president.He was first elected to parliament in 1996 and served as communications minister from 1998 to 2001. Atta Mills appointed him vice president in 2009.

 

2. 9 December – International Day of Commemoration and Dignity of the Victims of the Crime of Genocide: International Day of Commemoration and Dignity of the Victims of the Crime of Genocide is observed annually on 9 December.This day honours the memory of the victims of genocide and raises awareness about the crime, emphasizing the importance of preventing future atrocities.On this day in 1948, the Convention on the Prevention and Punishment of the Crime of Genocide was adopted by the United Nations General Assembly. This historic treaty defined genocide as an international crime and set the groundwork for the international community’s commitment to prevent and punish acts of genocide.

 

3. 10 December – World Human Rights Day: World Human Rights Day is observed annually on December 10.Human rights play a vital role as a preventative, protective and transformative force for good. This day also empowers people and communities across the world to build a better future.Theme 2024 – Our Rights, Our FutureWorld Human Rights Day was established in 1948 when the United Nations General Assembly adopted the Universal Declaration of Human Rights (UDHR). It is the first global enunciation of human rights.

 

OTHER UPDATES:

DEFENCE

 

1. Stealth frigate INS Tushil commissioned into the Indian Navy in Russia: The Russian-built multi-role stealth-guided missile frigate INS Tushil was commissioned into the Indian Navy at the Yantar Shipyard in Kaliningrad, Russia.The flag-raising ceremony was held in the presence of Defence Minister Rajnath Singh, Chief of the Naval Staff Admiral Dinesh K Tripathi, Russian Deputy Minister of Defence Alexander Vasilyevich Fomin, Ambassador of India to Russia Vinay Kumar, and other senior officials from both countries.INS Tushil is the seventh ship of the Project 1135.6 frigate to be built for the Indian Navy by Russia.The first three (Talwar, Trishul, Tabar) frigates of the project were built by the “Baltiysky Zawod” shipyard in St. Petersburg, Russia and delivered to the Indian Navy. The next three (Teg, Tarkash, Trikand) were constructed by “Yantar Shipyard” in Kaliningrad.In 2016, India signed an agreement with Russia to buy four more frigates of the Admiral Grigorovich class (NATO calls them Krivak III).

 

SPORTS 

 

1. Bangladesh defends its ACC U19 Men’s Asia Cup Title at Dubai: Bangladesh defeated India by 59 runs in the 11th ACC U19 Men’s Asia Cup Final in Dubai, United Arab Emirates, to successfully defend its title.Bangladesh, which won the previous edition in 2023, clinched its second consecutive U19 Men’s Asia Cup title. The ACC U19 Men’s Asia Cup is for male cricketers below 19.Player of the Final match: Iqbal Hossain Emon (Bangladesh)Player of the Tournament: Iqbal Hossain Emon (Bangladesh)The 11th ACC U19 Men’s Asia Cup was organized by the Asian Cricket Council (ACC) and hosted by the Emirates Cricket Board of the United Arab Emirates (UAE) in Sharjah and Dubai.Eight teams from Asia participated in the Tournament and were divided into two groups.

 

2. Sathish Karunakaran win Guwahati Masters 2024 badminton Singles title: Indian badminton player Sathish KarunakaranIn the doubles, the defending champion Ashwini Ponnappa and Tanisha Crasto successfully defended their title by beating the Chinese pair in the final.The $100,000 lakh prize money BWF Super 100 Guwahati Masters 2024 was held in Guwahati, Assam. It was the second BWF Super 100 Guwahati Masters after the inaugural edition of 2023.The BWF Super 100 Guwahati Masters 2024 was organised jointly by the Badminton Association of India and the Assam Badminton Association.

 

BANKING AND FINANCE

 

1. Canara Bank launched Nationwide Credit Outreach Program to Empower MSMEs: Canara Bank has launched a two-day nationwide Credit Outreach program to support the growth of Micro, Small, and Medium Enterprises (MSMEs) across 238 MSME clusters in key industrial and business regions.The initiative provided entrepreneurs with tailored financial solutions, advisory services, and access to government-sponsored schemes to enhance their business growth.The program was led by Canara Bank’s top management, including MD and CEO Shri. K. Satyanarayana Raju, and Executive Directors Shri. Debashish Mukherjee, Shri. Ashok Chandra, Shri. Hardeep Singh Ahluwalia, and Shri. Bhavendra Kumar.In addition to showcasing tailored MSME products, the event featured interactive sessions where the management addressed challenges faced by entrepreneurs and explored innovative solutions. The outreach initiative garnered an overwhelming response, resulting in on-the-spot loan approvals and leads amounting to more than Rs. 6,200 crore.

 

2. Deutsche Bank AG, India, provides € 91 million sustainability-linked-loan to SMFG India Credit: Deutsche Bank AG, India, has provided a €91 million (about ₹814 crore) sustainability-linked loan to SMFG India Credit (SMICC). The loan was facilitated via the Bank’s Gift City Branch.SMICC is a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG). It has over 1,000 branches and had Assets Under Management (AUM) of ₹49,800 crore as of September 2024.The senior secured loan, which carries a tenor of three years, is compliant with Deutsche Bank’s Sustainable Finance framework criteria.The loan will not only help expand SMICC’s portfolio and enable channelling funds toward MSMEs but also empower women entrepreneurs in underserved segments across India.

 

AWARDS AND HONOURS

 

1. HSL shines at 3rd PSU Transformation Awards 2024: Hindustan Shipyard Limited (HSL) has been honoured with two prestigious awards at the ‘3rd PSU Transformation Awards 2024’ ceremony, held at Shangri-La, New Delhi.The awards spotlight HSL’s commitment to innovation and excellence in the shipbuilding industry. HSL received recognition in two key categories:Innovative Product Development Award for its pioneering fender arrangement in Tugs for Submarines. This accolade was accepted by Sarath Chandra, Senior Manager (Design).Technology Adoption Award for implementing an innovative method of installing Retractable Thrusters in Diving Support Vessels. Tirupat Naik, Senior Manager (Engineering), received the award on behalf of HSL

 

2. Abathsahayeswarar Temple & BJPCI Project bag UNESCO Heritage Award: The 1,300-year-old Abathsahayeshwarar Temple in Thukkatchi, Thanjavur district, has been awarded the UNESCO Award of Distinction 2023 for its heritage conservation.The temple, built by Kings Vikrama Chola and Kulothunga Chola, was originally designed with five prakarams (enclosures).The temple houses numerous shrines, including Soundaryanayaki Ambal, Ashtabhuja Durga Parameshwari, Aadhi Sarabeshwarar, Pillayar, Murugan, and more.The village was historically known as Vikrama Chozheeswaram and Kulothunga Chola Nallur, and it was Kulothunga who established the idol for Sarabeshwarar.UNESCO’s Award of Distinction was part of the UNESCO Asia-Pacific Awards for Cultural Heritage Conservation.

 

3. Payal Kapadia makes history with Golden Globes 2025 Nomination for Best Director and Best Non-English Motion Picture: Payal Kapadia’s film All We Imagine As Light made history as the first Indian film nominated for Best Director (Motion Picture) at the 82nd Golden Globes 2025.The film also received a nomination for Best Motion Picture in a Non-English Language, earning acclaim worldwide.Actors Morris Chestnut and Mindy Kaling announced the Golden Globe nominations, with Kapadia joining notable directors like Jacques Audiard and Sean Baker in the Best Director category.Kapadia gained international fame with her 2021 documentary A Night of Knowing Nothing, which won the Best Documentary Award at the Cannes Film Festival.

As a student at FTII, Kapadia led protests against administrative controversies and later excelled as a filmmaker, with her short film Afternoon Clouds featured at the 2017 Cannes Film Festival.