Daily GK Update- 25th Sept, 2024

 NATIONAL UPDATES:

 

1. India to get first national security semiconductor fabrication plant: Under a transformative collaboration with the US, India will get a national security semiconductor fabrication plant that will produce chips for use in military hardware and next-generation telecommunications. The India-US joint project was announced following talks between Prime Minister Narendra Modi and US President Joe Biden in Wilmington. It will be the first-ever India-US semiconductor fabrication partnership. It is the first time the US military has agreed to do a partnership for these highly-value technologies with India and, it is a watershed moment as it is as significant as the civil nuclear deal. The “fab, which will be established with the objective of manufacturing infrared, gallium nitride and silicon carbide semiconductors, will be enabled by support from the India semiconductor mission as well as a strategic technology partnership between, Bharat Semi, 3rdiTech, and the US Space Force.

 

2. Centre constitutes committee for formulating framework on Repairability Index in Mobile and Electronics Sector: The Department of Consumer Affairs (DoCA), GoI, has constituted a committee of experts under the chairmanship of Bharat Khera, to recommend a robust framework for Repairability Index and to empower consumers and promote sustainable practices within the tech industry.The proposed repair ecosystem will include several important components:The committee will develop policies, guidelines, and regulations to support the Repairability Index and integrate it into existing consumer protection frameworks.The committee is expected to submit its report, along with the proposed framework for the Repairability Index, by November 15, 2024.

 

INTERNATIONAL UPDATES:

 

1. FCRA licence of International Cooperative Alliance cancelled: Union Home Ministry has cancelled the FCRA (Foreign Contribution Registration Act) licence of the International Cooperatives Alliance (ICA) for its alleged violation of rules.ICA is the apex body representing cooperatives worldwide and provides knowledge, expertise and coordinated action in the field.Founded in 1895, ICA is one of the oldest non-governmental organizations and has over 1 billion members.

 

2. India attends first in-person IPEF Supply Chain Council and Crisis Response Network meeting at Washington DC: Indian delegation attended the first in-Person meeting of the Supply Chain Council of the Indo-Pacific Economic Forum (IPEF) for Prosperity held in Washington DC followed by Crisis Response Network meeting.These formal meetings were preceded by Panel discussions on various topics related to supply chain resilience with special focus on the United States initiatives including the creation of dedicated Supply Chain Centre and development of the tool like SCALE. While the US is the Chair, India is the vice Chair of the Supply Chain Council.The Council adopted the one-year work plan detailing the action to be taken by the Council for the entire year. Apart from this, the major achievements were the establishment of three Action Plan Teams pertaining to three sectors, namely Semiconductor; Critical Minerals with a focus on batteries; and Chemicals.After the in-person meeting of the IPEF Supply Chain Council, the Crisis Response Network (CRN) meeting chaired by the Republic of Korea.

 

3. 25 September – World Pharmacist Day: World Pharmacist Day is observed every year on September 25 to honour and acknowledge pharmacists for their important contributions to enhancing world health.This special day highlights the essential role pharmacists play in improving people’s lives.Theme 2024 – Pharmacists: Meeting global health needWorld Pharmacist Day was established by the International Pharmaceutical Federation (FIP) in 2009. The aim was to recognise and promote pharmacists’ contributions to global health.The first official celebration occurred on September 25, 2010, coinciding with FIP’s founding date in 1912.

 

OTHER UPDATES:

DEFENCE

 

1. Defence Minister Rajnath Singh inaugurates 41st Coast Guard Commanders’ Conference: Defence Minister Rajnath Singh has inaugurated the 41st edition of the Indian Coast Guard Commanders’ Conference in New Delhi.The three-day meeting serves as a vital forum to engage in meaningful discussions on strategic, operational, and administrative matters in the backdrop of the evolving geopolitical landscapes and complexities of maritime security.The three-day meeting serves as a vital forum for ICG Commanders to engage in meaningful discussions on strategic, operational & administrative matters in the backdrop of the evolving geopolitical landscapes and, complexities of maritime security.The conference provides a platform for senior ICG leaders to meticulously evaluate key operational, material, logistical, HR development, training, and administrative initiatives undertaken over the past year. They will also deliberate on vital milestones essential for the protection of the maritime interests of the nation.

 

2. Alok Ranjan appointed as NCRB chief, Amit Garg to head National Police Academy: Senior IPS officers Alok Ranjan has been appointed as the Chief of National Crime Records Bureau (NCRB).While, Amit Garg has been appointed as the Chief of Hyderabad-based Sardar Vallabhbhai Patel National Police Academy (SVPNPA).Ranjan, a 1991-batch Indian Police Service (IPS) officer of Madhya Pradesh cadre, has been appointed as the Director, NCRB for a tenure up to his superannuation on June 30, 2026.He succeeds his service and batchmate Vivek Gogia, who has been repatriated to the AGMUT (Arunachal Pradesh-Goa-Mizoram and Union Territory) cadre.Garg, a 1993-batch IPS officer of Andhra Pradesh cadre, has been appointed as the Director, of SVPNPA for a term up to his retirement on October 31, 2027.Besides them, Praveer Ranjan has been appointed as Special Director General in Central Industrial Security Force (CISF) for a tenure of two years.

 

BANKING AND FINANCE

 

1. SEBI imposes Rs 1 crore fine on Jai Anmol Ambani in Reliance Home Finance case: The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1 crore on Jai Anmol Ambani, the elder son of industrialist Anil Ambani, for not exercising proper due diligence while approving corporate loans at Reliance Home Finance.Additionally, Krishnan Gopalakrishnan, the Chief Risk Officer of Reliance Home Finance, has been fined Rs 15 lakh for similar violations. The two individuals are required to pay the amount within 45 days of the SEBI order.SEBI stated that in February 2019, Jai Anmol, as a non-executive director of Reliance Home Finance, approved unsecured loans of Rs 20 crore each to Visa Capital and Accura Productions, despite the disapproval of other board members.The regulator pointed out that he failed to exercise reasonable due diligence with respect to GPCL (general purpose working capital lending) process. The working capital was lent to other Reliance-Anil Ambani group companies, including Reliance Capital, according to the regulator.

 

2. S&P retains India’s growth forecast at 6.8%: S&P Global Ratings maintained India’s growth forecast at 6.8 percent while noting that the Reserve Bank of India (RBI) may cut interest rates in October.In its economic outlook for the Asia-Pacific region, S&P also retained its gross domestic product (GDP) growth forecast for the financial year 2025-26 (FY26) at 6.9 percent.In India, GDP growth moderated in the June quarter as high interest rates tempered urban demand, in line with our projection of 6.8 per cent GDP for the full financial year 2024-25.In FY24, India’s economic growth rate reached an impressive 8.2 per cent.

 

3. ADB Approves Support to Improve Water Security and Management in India: The Asian Development Bank (ADB) has approved a $50 million loan to improve water resources management, access to water, and community resilience to the effects of climate change in the state of Meghalaya, India.The project supports the Meghalaya State Water Policy 2019 which aims to achieve sustainable development, management, and use of the state’s water resources through a participatory approach; reduce vulnerability; and promote integrated water resource management.The project will strengthen the capacity of districts in Meghalaya to manage water resources and introduce water storage structures that will ensure water security while building climate-resilience of communities.The Climate-Adaptative Community-Based Water-Harvesting Project in Meghalaya will help develop a state-wide water-harvesting system (WHS) master plan which will be forward-looking, integrating gender and social inclusion, and taking into account weather patterns and disaster risk management.

 

4. IDFC FIRST Bank launches Ashva and Mayura Credit Cards: IDFC FIRST Bank has launched the Ashva Credit Card. This new metal credit card, powered by Visa, combines India’s rich cultural heritage with modern sophistication.The Ashva Credit Card offers benefits and features for those who frequently travel and seek luxury experiences. It is crafted from high-quality metal and includes exclusive perks designed for those who appreciate both style and substance.IDFC FIRST Bank has also launched the Mayura Credit Card, adding to its premium metal card range.This new card combines modern travel benefits with a design inspired by Indian heritage, specifically the peacock, or “Mayura.

 

AWARDS AND HONOURS

 

1. Rhea Singha wins Miss Universe India 2024 title: Rhea Singha, an 18-year-old from Gujarat, has captured hearts and headlines after being crowned Miss Universe India 2024. Competing against 51 talented finalists, Rhea emerged victorious during the grand finale held in Jaipur, Rajasthan.Miss Universe India 2015, Urvashi Rautela, who served as a judge at the event, crowned Rhea with a special Taj Mahal crown.Pranjal Priya was named the first runner-up, followed by Chhavi Verg in second place.Sushmita Roy and Ruopfuzhano Whiso secured the third and fourth runner-up positions, respectively, showcasing the diverse talent present at the event.

 

2. Swimmer Pratyasa Ray awarded 32nd Ekalabya Puraskar: Pratyasa Ray, a rising star in swimming, was selected for the prestigious Ekalabya Puraskar for 2024.Ray secured six medals— four gold, one silver and a bronze— in the Khelo India University Games in Guwahati in February this year.Ray will be awarded a cash prize of Rs. 7 lakhs—an increase from the previous Rs. 5 lakhs, along with a citation at the Ekalabya Puraskar award ceremony to be held at a later date.

Sprinter Dondapati Mrutyam Jayaram and badminton player Tanvi Patri will also be felicitated for their remarkable performances in various international and national-level events in their respective fields.Each of the citation winners will receive a cash prize of ₹1.5 lakh, up from ₹1 lakh, along with citations at the award ceremony.

 

 

Daily GK Update- 24th Sept, 2024

 NATIONAL UPDATES:

 

1. IBM and NTT Data launches SimpliZCloud to Revamp India’s Financial Services Sector: NTT DATA and IBM have launched SimpliZCloud, a fully managed cloud service built on IBM LinuxONE.

The service is designed to support the infrastructure needs of critical workloads like those in financial services organizations including core banking applications, lending and risk management applications.This solution offers the opportunity to optimize infrastructure investments and ongoing costs by consolidating resources and spending, especially enterprise software license costs. The subscription-based model also helps avoid expensive capital investment and maintenance costs.SimpliZCloud is built on a secure, scalable, and integrated architecture that delivers dedicated compute and storage resources, powered by Software Defined Networking (SDN). The service offers a jump in performance over traditional x86 architecture-based environments, claims the company.

 

2. Deendayal Antyodaya Yojana in collaboration with the Institute for What Works to Advance Gender Equality: The Ministry of Rural Development (MoRD), under the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM), in collaboration with the Institute for What Works to Advance Gender Equality (IWWAGE) successfully hosted the National Conclave on Gender Mainstreaming in New Delhi.The conclave focused on strengthening gender-responsive community institutions and discussed strategies for advancing gender integration within the DAY-NRLM framework.DAY-NRLM provides a unique opportunity to empower women by addressing structural inequalities and strengthening women’s collectives, voice, and agency.

 

3. Mizoram govt introduces Financial Assistance Scheme for Farmers and Small Entrepreneurs: The Mizoram government has launched a financial assistance and support programme, ‘Bana Kaih’, for small entrepreneurs and farmers of the state.This scheme aims to provide financial assistance to farmers growing ginger, turmeric, Mizo chilli, and broomsticks. These crops will be purchased through farmer societies established in villages. Under this initiative, the government has set minimum prices for these cash crops. If farmers sell their produce below these rates, they will receive support prices. However, if they manage to sell at higher prices, the government will not intervene.Additionally, paddy unhusked rice will be bought at Rs 30 per kg from Kolasib and Mamit districts.The state government has allocated Rs 200 crore for the scheme’s implementation in 2024-25. An additional Rs 110 crore has been set aside for agricultural assurance in the 2023-24 fiscal year.

 

4. Ayushman Bharat PM-Jay scheme introduced by PM Modi marks six years since launch: The Ayushman Bharat PM-JAY scheme, launched by Prime Minister Narendra Modi on September 23, 2018, celebrated its sixth anniversary.The scheme provides health coverage of Rs 5 lakh per family annually for secondary and tertiary care to over 55 crore individuals.Earlier on September 11, the Union Cabinet had approved health coverage for all senior citizens aged 70 years and above, irrespective of income, under the flagship scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY).AB PM-JAY is the world’s largest publicly funded health assurance scheme, provides health cover of Rs 5 lakh per family per year for secondary and tertiary care hospitalization to 55 crore individuals to 12.34 crore families.

 

INTERNATIONAL UPDATES:

 

1. FSSAI, Ministry of Agriculture and Livestock of Brazil sign MoU for food safety collaboration: The Food Safety and Standards Authority of India (FSSAI) has signed a MoU with the Ministry of Agriculture and Livestock (MAPA) of Brazil in the area of food safety.The MoU was signed by Agriculture and Livestock Minister Carlos Henrique Baqueta Fávaro and CEO of FSSAI, G. Kamala Vardhana Rao, on the sidelines of the Global Food Regulators Summit in New Delhi.The MoU demonstrates India’s dedication to food safety and signifies a major advancement in its ongoing efforts to enhance international collaboration in food safety.FSSAI also conducted a bilateral meeting with the Bhutan Food and Drug Authority (BFDA) on the sidelines of the Global Food Regulators Summit. The meeting focused on the implementation protocol of the agreement signed between India and BFDA in March this year during the visit of Prime Minister Narendra Modi.This Agreement underscores a mutual commitment to enhance food safety by aligning regulatory frameworks, simplifying the Food Import Procedure, and fostering technical collaboration.

 

2. India signs agreements on clean and fair economy under Indo-Pacific Economic Framework: India has signed the first-of-its-kind agreements focused on a Clean Economy, Fair Economy, and the overarching Indo-Pacific Economic Framework (IPEF) in Delaware, USA.These agreements were exchanged under the Indo-Pacific Economic Framework (IPEF) for prosperity yesterday in the presence of Prime Minister Narendra Modi, who is on a three-day visit to the US for the Quad Summit.The Agreement on Clean Economy intends to promote technical cooperation, workforce development, capacity building, and research collaborations.It will facilitate investments and project financing, including The Food Safety and Standards Authority of India (FSSAI) under the Ministry of Health and Family Welfare conducted a bilateral meeting with the Bhutan Food and Drug Authority (BFDA) on the sidelines of the Global Food Regulators Summit, at Bharat Mandapam.The Agreement aims to recognize the official control exercised by BFDA over food business operators (FBOs) by the FSSAI.

 

3. India and Bhutan Deepen Cooperation on Food Safety and Regulatory Standards: The Food Safety and Standards Authority of India (FSSAI) under the Ministry of Health and Family Welfare conducted a bilateral meeting with the Bhutan Food and Drug Authority (BFDA) on the sidelines of the Global Food Regulators Summit, at Bharat Mandapam.The meeting focused on the implementation protocol of the “Agreement” signed between India and BFDA on 21 March 2024, during the visit of PM Narendra Modi.This Agreement underscores a mutual commitment to enhance food safety, aligning regulatory frameworks, simplifying the Food Import Procedure and fostering technical collaboration. The Agreement aims to recognize the official control exercised by BFDA over food business operators (FBOs) by the FSSAI.The Agreement further seeks to enhance technical cooperation between FSSAI and BFDA, establishing a functional mechanism to facilitate and develop trade between the two

 

4. Russian cosmonauts Oleg Kononenko, Nikolai Chub set new record for longest single mission aboard ISS: Russian cosmonauts Oleg Kononenko and Nikolai Chub have set a new record for the longest single mission aboard the International Space Station (ISS).Kononenko and Chub broke the previous record for the longest continuous stay in space, which was set by cosmonauts Sergei Prokopyev, Dmitry Petelin, and NASA astronaut Francisco Rubio.The three set the previous record last year by spending 370 days aboard the International Space Station. Kononenko and Chub returned to Earth on the Soyuz MS-25 spacecraft, after spendi a record 374 days in space.

 

5. Marxist leader Anura Kumara Dissanayake is Sri Lanka’s new president: Anura Kumara Dissanayake, the left-wing leader of the Janatha Vimukthi Peramuna (JVP), has won the 2024 Sri Lanka Presidential election.He defeated the incumbent Ranil Wickremesinghe and will be the island nation’s ninth executive president.According to the official data, the 55-year-old Marxist leader secured 56.34 lakh votes. The opposition leader Sajith Premadasa finished second with 43.63 lakh votes, and Wickremesinghe third with 22.99 lakh votes.

 

6. 23 September – International Day of Sign Languages: The International Day of Sign Languages is an annual event observed on September 23 globally.The day is marked to raise awareness about the rights of the deaf community and other sign language users.Theme 2024 – Sign up for Sign Language RightsThe choice of 23 September is the same date that the World Federation of the Deaf was established in 1951. The International Day of Sign Languages was first celebrated in 2018 as part of the International Week of the Deaf.

 

7. 22 September – World Rhino Day: World Rhino Day is celebrated annually on September 22 to raise awareness about the Rhinoceros and the urgent need for their conservation.It serves as a global platform to highlight the critical threats rhinos face, including poaching and habitat loss, while recognizing the efforts of individuals and organizations dedicated to protecting these majestic animals.Theme 2024 – Keep the Five AliveThe day also emphasizes the importance of preserving rhino populations for ecological balance, cultural heritage, and future generations. It is a call to unite in the fight for rhino conservation worldwide.The Indian rhino is the largest of the three Asian species and shares its single-horn characteristic with the Javan rhino.

 

OTHER UPDATES:

 

SPORTS 

 

1. Sangram Singh becomes 1st Indian male wrestler to win MMA fight at Gama International Fighting Championship: Indian wrestler Sangram Singh became the first Indian male wrestler to win an MMA (mixed martial arts) fight at the Gama International Fighting Championship Tbilisi in Georgia.Commonwealth heavyweight wrestling champion Sangram won in a 90-second match against the Pakistani opponent, Ali Raza Nasir.Moreover, Sangram also registered the fastest win ever by an Indian fighter in the 93 kg division in the championship.

 

2. Lando Norris wins Singapore Grand Prix: Formula One title contender Lando Norris led from pole to chequered flag to win the Singapore Grand Prix, narrowing the gap to championship leader Max Verstappen, who was second.It was the McLaren driver’s third career GP win and his first from pole at his sixth attempt.His McLaren teammate Oscar Piastri finished third to extend their lead over Red Bull in the constructors’ championship.

 

BANKING AND FINANCE

 

1. KVS Manian Takes Charge as MD and CEO of Federal Bank: KVS Manian has officially taken charge as the Managing Director and Chief Executive Officer of Federal Bank, succeeding Shyam Srinivasan, who stepped down after an impressive 14-year tenure.Previously, Manian served as the Joint Managing Director at Kotak Mahindra Bank Limited until April 30, 2024.During his time there, he was crucial in establishing a strong and profitable franchise across various business segments, significantly enhancing the bank’s technological capabilities and transaction banking services.The appointment was approved by the Reserve Bank of India in July, for a period of three years.

AWARDS AND HONOURS

 

1. Laapataa Ladies picked as official entry for 97th Oscars Awards: The Hindi comedy film ‘Laapataa Ladies’, produced by Amir Khan and Kiran Rao and directed by Kiran Rao, has been chosen to be India’s official entry for the International Feature Film Category at the 97th Academy Awards 2025 (popularly known as the Oscars).The international Feature film category is for the country-selected feature film. The Hindi filmLaapataa Ladies was chosen by a 13-member jury of the Film Federation of India, headed by renowned Assamese Director Jahnu Barua.The 97th Academy Awards ceremony will be held on 2nd March 2025 in Los Angeles, United States of America.Last year, the superhit Malayalam film “2018: Everyone’s a Hero” was India’s official entry for the 96th Oscar Award 2024.

 

2. Indian films nominated for Oscar Award: 57 Indian films including Laapataa Ladies, have been nominated for the ‘International Feature Film Category at the Oscars. Mehboob Khan’s directed film Mother India was the first Indian film to be nominated for an Oscar in 1957.Only three Indian films, Mother India (1958), Salaam Bombay (1989), and Lagaaan (2001), have made the final list of Oscar nominees.None of the Indian films has won the Best International Feature Film category award at the Oscars.

 

 

Daily GK Update- 23rd Sept, 2024

 NATIONAL UPDATES:

 

1. Bhupendra Yadav launches Clean the Beach Campaign 2024 in Mumbai: The Union Ministry for Environment, Forest and Climate Change, Bhupendra Yadav, led the country in this year’s Clean the Beach Campaign on the occasion of the International Coastal Clean-up Day on 21 September 2024. The minister participated in an event to clean the beach at Juhu in Mumbai.The campaign is part of the government of India’s “Swachh Bharat Abhiyan” and “Swachh Sagar Abhiyan,” which call for a mass cleanliness and sanitation campaign in the country with public participation.The campaign is being organized by the Ministry of Earth Sciences in collaboration with the Maharashtra State Government. The beach cleaning initiative will take place at over 100 beaches across India’s coastal states and union territories.The Ministry of Environment launched a Beach Cleaning Drive in 2018 with the campaign ‘#IamSavingMyBeach’ on World Environment Day, under the theme ‘Beat Plastic.’ Since then, the Ministry has been organizing regular beach cleaning activities with the support of state governments and local bodies.

 

2. ADB approves Rs 530 Crore to boost drinking water supply in 12 cities of Tripura: The Asian Development Bank (ADB) would provide financial assistance of Rs 530 crore to the Tripura government to upgrade the drinking water supply in the state’s 12 cities benefiting around four lakh people.12 cities, where the ADB-funded ambitious scheme would be implemented include, Udaipur, Amarpur, Belonia, Melaghar, Bishramganj, Khowai, Ranir Bazar, Mohanpur, Dharmanagar, Kailashhar, Kumarghat and Ambassa. Of the 12 cities, seven are district headquarters — Udaipur, Belonia, Bishramganj, Khowai, Dharmanagar, Kailashahar and Ambassa.Tripura Chief Minister Manik Saha laid the foundation of the ‘Mukhyamantri Nagar Unnayan Prakalp’ (Chief Minister’s urban development scheme) at a function in southern Tripura’s Gomati district headquarters Udaipur.Under the scheme, a 305 km water pipeline would be laid, 25 deep tubewells, 18 Iron Removal Plant, four water treatment plants and 19 water reservoirs would be constructed.

 

3. Cabinet gives nod to ₹2,602 crore Wildlife Habitats Development scheme: The Union Cabinet has approved the Integrated Development of Wildlife Habitats scheme for the 15th Finance Commission cycle for an overall outlay of ₹2,602.98 crore.The centrally sponsored scheme includes critical components such as Project Tiger, Project Elephant and Development of Wildlife Habitat.The scheme envisages to boost technological interventions in different thematic areas over the current and next financial year in tiger and other wildlife habitats.According to the overally outlay, the Centre allocated ₹1,575 crore for Project Tiger, ₹182.58 crore for Project Elephant and ₹845.4 crore for Development of Wildlife Habitat.Project Tiger currently uses technology such as the M-STrIPES (Monitoring System for Tigers, Intensive Protection and Ecological Status) mobile application for day-to-day management practices. It is extensively used for collection of field level ecological data during the 5th cycle of the All-India Tiger Estimation in 2022.

4. Kalikesh Narayan Singh Deo elected President of NRAI: Kalikesh Narayan Singh Deo has been elected as the new president of the National Rifle Association of India (NRAI) in a tightly contested election, winning 36-21 over V.K. Dhall.His victory marks a pivotal moment in Indian shooting, as it brings an end to Raninder Singh’s 12-year tenure, which concluded due to National Sports Code restrictions.Kalikesh will serve as president until the next NRAI general body meeting in 2025.During his interim leadership, India made a significant breakthrough at the Paris Olympics, securing three bronze medals and ending a dry spell from Rio 2016 and Tokyo 2020.

 

INTERNATIONAL UPDATES:

 

1. IAEA General Conference Elects Korean Ambassador as Conference President: The Republic of Korea’s Permanent Representative has been elected as the President of the IAEA’s 68th General Conference.Sang Wook Ham was appointed as the Republic of Korea’s (ROK) Permanent Representative to the International Organizations in Vienna in 2022 after an extensive service with the ROK Ministry of Foreign Affairs.The General Conference elects a President at the beginning of each annual session, following consultations among Member States before the conference.They hold office for the duration of the conference. Last year the position was held by Thailand’s Vilawan Mangklatanakul.

 

2. 21 September – International Day of Peace: International Day of Peace is observed every year on 21 September. It is also known as World Peace Day.Established in 1981 by a unanimous United Nations resolution, Peace Day provides a globally shared date for all humanity to commit to Peace above all differences and to contribute to building a Culture of Peace.Theme 2024 – Cultivating a Culture of Peace.This year marks the 25th anniversary of the United Nations General Assembly’s adoption of the Declaration and Programme of Action on a Culture of Peace.

 

OTHER UPDATES:

DEFENCE

 

1. Nikhat Zareen, India’s star boxer, joins Telangana Police as DSP: Renowned boxer Nikhat Zareen joined the Telangana Police as a Deputy Superintendent of Police (Special Police).The two-time world boxing champion submitted her joining report to the Director General of Police, Jitender.A native of Nizamabad district, Nikhat Zareen has an illustrious career in boxing, having won a gold medal at the Commonwealth Games and a bronze medal at the Asian Games. She also represented India at the recently concluded Olympics in Paris.Competing in the women’s 50 kg category, she lost to China’s Wu Yu in the pre-quarterfinals. Zareen, who contested as an unseeded boxer, acknowledged that this was the hardest loss she has faced.

 

2. Air Marshal Amar Preet Singh appointed as next Chief of Air Force: Air Marshal Amar Preet Singh has been appointed the next Chief of the Air Staff. He is currently the Vice Chief of the Indian Air Force (IAF) and will take over the top post on September 30 when the incumbent Air Chief Marshal V.R. Chaudhari retires on superannuation.An alumnus of the National Defence Academy, Defence Services Staff College and National Defence College, Air Marshal Singh was commissioned into the Fighter Stream of the IAF on December 21, 1984.He is a qualified flying instructor and an experimental test pilot with more than 5000 hours of flying experience on a variety of fixed and rotary wing aircraft.He served as the Air Officer Commanding-in-Chief at Central Air Command before taking over as the Vice Chief on February 1, 2023.The Air Marshal is a recipient of Param Vishisht Seva Medal and Ati Vishisht Seva Medal.

 

3. Indigenous Aircraft carrier INS Vikrant joins Western Naval Fleet: The country’s indigenous aircraft carrier INS Vikrant joined the western naval fleet, in a significant enhancement to maritime power in the Arabian Sea.With this, the Indian Navy has two aircraft carriers INS Vikrant and INS Vikramaditya on its western front.INS Vikrant is designed by Indian Navy’s in-house Warship Design Bureau (WDB) and built by Cochin Shipyard Limited, a Public Sector Shipyard under the Ministry of Ports, Shipping & Waterways.INS Vikrant has been built with state-of-the-art automation features and is the largest ship ever built in maritime history of India.The 262.5 m long and 61.6 m wide Vikrant displaces approximately 43,000 T, having a maximum designed speed of 28 Knots with endurance of 7,500 Nautical Miles.

 

SPORTS 

 

1. Jasprit Bumrah becomes 10th Indian Bowler to reach 400 International Wickets: Indian pace spearhead Jasprit Bumrah completed 400 wickets in international cricket, becoming the 10th bowler from his team to do so.Bumrah reached this milestone during India’s first Test against Bangladesh at Chennai.In 196 international matches, Bumrah has taken 401 wickets at an average of 21.01, with the best bowling figures of 6/19.He is the only sixth Indian pacer to reach this milestone. In 37 Tests, Bumrah has taken 163 wickets at an average of 20.49, with the best figures of 6/27. He has 10 five-wicket hauls in the long format.

 

2. The top three wicket-takers for India in international cricket are: Anil Kumble (953 wickets), Ravichandran Ashwin (744 wickets), and Harbhajan Singh (707 wickets).Chess Olympiad 2024: Indian teams make history, bag gold in both categories: India has struck historic double gold medals in the 2024 Chess Olympiad in Budapest, Hungary. Both men and women teams emerged on top.In the open section, India’s maiden title win was secured following Arjun Erigaisi’s victory over Jan Subelj of Slovenia in the final round of the competition. At the same time, second-placed China dropped crucial points against the USA in their fixture, and India officially clinched the title. The Indian team for the open category included Gukesh D, Praggnanandhaa R, Arjun Erigaisi, Vidit Gujrathi, Pentala Harikrishna, and Srinath Narayanan.In the open section, India’s best performances prior to this year have been the bronze medals in 2022 and 2014.In addition, in the women’s section final, the Indian women’s team defeated Azerbaijan 3.5-0.5 to clinch the gold. The team comprised Harika Dronavalli, Vaishali Rameshbabu, Divya Deshmukh, Vantika Agrawal, Tania Sachdev, and Abhijit Kunte (captain).

SCIENCE AND TECHNOLOGY

 

1. ARIES and BEL collaborate to enhance India’s Space Situational Awareness: In a major development for India’s space technology sector, the Aryabhatta Research Institute of Observational Sciences (ARIES), an autonomous institute under the Department of Science & Technology (DST), GoI, has signed an MoU with Bharat Electronics Limited (BEL).The partnership aims to develop critical technologies for tracking space objects, particularly near-Earth objects and artificial satellites, as part of India’s growing focus on Space Situational Awareness (SSA).Under the terms of the MoU, ARIES and BEL will leverage advanced image processing techniques and data analytics solutions. These will be supported by observations from ARIES’s cutting-edge telescopes, including the 4m International Liquid Mirror Telescope (ILMT).

 

AWARDS AND HONOURS

 

1. Magnus Carlsen, Judit Polgar felicitated at FIDE 100 Awards: Magnus Carlsen and Judit Polgar were felicitated with the best male and female player awards, respectively at the FIDE 100 Awards ceremony in Hungary.Carlsen, ranked world number one, is a part of the Norway team in the ongoing Chess Olympiad 2024.Carlsen has held the No. 1 position in the FIDE world chess rankings since July 1, 2011, trailing only Kasparov in time spent as the highest-rated player in the world.Polgar, on the other hand, announced retirement from competitive chess in 2014.

 

2. Dhruvi Patel from US wins Miss India Worldwide 2024: Dhruvi Patel, a Computer Information System student from the USA, has been declared the winner of Miss India Worldwide 2024, the longest-running Indian pageant outside of India.Dhruvi aspires to be a Bollywood actor and UNICEF Ambassador.Lisa Abdoelhak from Suriname was declared the first runner-up, while Malvika Sharma from the Netherlands was adjudged the second runner-up in the same race.In the Mrs category, SuAnn Mouttet from Trinidad and Tobago was the winner, with Sneha Nambiar the first and Pawandip Kaur from the United Kingdom the second-runner up.In the Teen category, Sierra Suret from Guadeloupe was crowned Miss Teen India Worldwide.Shreya Singh from the Netherlands and Shradha Tedjoe from Suriname were declared the first and second runners-up.

 

3. Jaipur to host 25th edition of IIFA Awards: The 25th International Indian Film Academy Awards will be held in Jaipur from March 7 to March 9, 2025.The announcement comes in the run-up of the 2024 edition of the awards, set to begin in Yas Island, Abu Dhabi, for the third consecutive year from September 27.An MoU was signed between Rajasthan Tourism Department and the IIFA for the silver jubilee celebrations of the IIFA Awards, to be held in the state capital next year.IIFA 2025 will promote tourism in Rajasthan, it is for the second time that the event is taking place in India. First such event was held in Mumbai in 2019.The 2025 ceremony will also host the inaugural IIFA Digital Awards that would honour the best performances in digital entertainment, films and OTT content.

 

 

Daily GK Update- 22nd Sept, 2024

 NATIONAL UPDATES:

 

1. PM Modi address 1st anniversary of the National PM Vishwakarma Scheme: Prime Minister Narendra Modi attended the National PM Vishwakarma Program held in Wardha, Maharashtra to celebrate the first anniversary of the PM Vishwakarma Scheme.PM Modi launched the Central Sector Scheme “PM Vishwakarma” on 17 September 2023 in New Delhi.The Prime Minister also distributed Vishwakarma certificates and loans to the scheme’s beneficiaries.PM Modi also launched the Maharashtra Government’s Acharya Chanakya Skill Development Scheme and the Punyashlok Ahilyadevi Holkar Women Startup Scheme on this occasion.Modi also laid the foundation stone of PM Mega Integrated Textile Regions and Apparel (PM MITRA) Park at Amravati, Maharashtra.

 

2. India extends USD 50 million budgetary support to Maldives for another year: India has extended budgetary support to the Maldives government in the form of a rollover of the USD 50 million Treasury Bill for another year on the Maldivian government’s request.At the request of the Maldivian government, the State Bank of India (SBI) has subscribed the USD 50 million government Treasury Bills (T-bills) issued by the Ministry of Finance of the Maldives for a period of one more year upon the maturity of the previous subscription.This is the second rollover granted by the Indian government this year, following the first rollover of a USD 50 million Treasury Bill in May.Earlier in May 2024, SBI had similarly subscribed a USD 50 mn T-bills under same mechanism, again on the request of the Government of Maldives. These subscriptions have been made at the special request of the Government of Maldives as emergency financial assistance.

 

3. Muthuswamy Iyer appointed as Chief Compliance Officer of CIFDAQ: CIFDAQ, a leading blockchain ecosystem firm has appointed Muthuswamy Iyer as Chief Compliance Officer (CCO).Muthuswamy brings extensive experience in regulatory compliance and adherence to PMLA guidelines to his new position at CIFDAQ, having worked primarily in the securities market and Web3/blockchain sectors for over 25 years, including pivotal roles at WazirX, Edelweiss Broking Ltd, Karvy Stock Broking Ltd, Angel Broking Ltd, and National Stock Exchange of India Ltd.

Muthuswamy has extensive experience in regulatory compliance, surveillance, and liaising with regulatory bodies. He is well-known for his crisis management abilities and ability to achieve outcomes under duress.

 

4. Anurag Garg appointed as DG of Narcotics Control Bureau: Anurag Garg has been appointed as the new director general of the Narcotics Control Bureau (NCB).Garg is currently working as an Additional DG in the Border Security Force (BSF) at its headquarters here.Garg is the 1993 batch Indian Police Service officer from the Himachal Pradesh cadre.

 

INTERNATIONAL UPDATES:

 

1. Jordan became the first country to eliminate Leprosy: In a historic achievement, Jordan has become the first country to eliminate leprosy, receiving official verification from the World Health Organisation (WHO).This milestone reflects the country’s commitment to eradicating a disease that has plagued humanity for centuries and signifies a major breakthrough in global public health efforts.Jordan’s journey to this remarkable achievement began many years ago with targeted public health campaigns, early detection programs, and free, accessible treatments for all citizens.

 

2. India to Host World Audio Visual & Entertainment Summit 2025: WAVES will be the first global summit to cover all areas of the media and entertainment industry. The goal is to encourage dialogue, trade partnerships, and innovation among key players in the industry. It will provide a platform where people can discuss ideas, form business collaborations, and explore new trends. The event will bring together industry leaders, stakeholders, and innovators. These participants will share their insights, identify new opportunities, and discuss the challenges the industry is facing, especially as it continues to evolve with new technologies.

 

3. Quadrilateral Security Dialogue Alliance Strengthens Indo-Pacific Cooperation: The Quadrilateral Security Dialogue (Quad) is an informal group of India, Australia, Japan, and the United States. The main goal of this alliance is to maintain a free and open Indo-Pacific region, ensuring that countries can trade and move freely without restrictions. Formed in 2007, the Quad was revitalized in 2017 to address regional and global issues, especially in response to China’s growing influence.

OTHER UPDATES:

 

SCIENCE AND TECHNOLOGY

 

1. ISRO Signs 75 Technology Transfer Agreements With Private Firms: Pawan Goenka, the chairman of IN-SPACe, emphasized the importance of these 75 agreements. He said they will help private firms use space technologies in new and innovative ways. This collaboration is essential for building a strong space economy in India and addressing important societal needs.By signing these Technology Transfer Agreements, ISRO, IN-SPACe, and NSIL aim to create a thriving ecosystem that supports commercial ventures and brings benefits to society. These agreements are expected to boost innovation in various industries and help India become a leader in the global space market.

 

2. Cabinet Approves Chandrayaan-4, Venus Orbiter Mission: The BAS project focuses on building India’s first space station. This will strengthen the country’s Gaganyaan program (India’s first human spaceflight mission). India plans to launch the first part of the space station, called BAS-1, by 2028, with a full space station ready by 2035. It will orbit 300 to 400 km above Earth and will support astronauts for up to 20 days at a time. The station will be used for scientific research and aims to promote national and international cooperation. The Gaganyaan mission is an important step toward setting up this station. The BAS modules will be launched using India’s GSLV Mk III rocket and highlight India’s growing ability in space exploration.

 

3. India’s First Astronaut to ISS Set for Ax-4 Mission: Astronauts like Shubhanshu Shukla undergo a lot of preparation before they go into space. Their training covers everything from how to operate spacecraft to handling emergencies and conducting scientific experiments. Shukla will focus on learning how to navigate and dock the spacecraft, as well as how to help with research while staying 14 days on the ISS.During his time on the ISS, Shukla will perform five experiments in microgravity. These experiments will not only help with scientific research but also contribute to India’s future space missions, especially the Gaganyaan program, which aims to send India’s first crewed mission into space.

 

BANKING AND FINANCE

 

1. SBI General Insurance joins hand with BLS E-Services to Streamline Access to Insurance Across India: BLS E-Services has tied up with SBI General Insurance to offer a range of insurance products directly to customers across India.This tie up is aimed at broadening access to key insurance offerings, such as ‘Hospicash’, vehicle insurance, personal accident insurance, and shop insurance, leveraging BLS’s extensive network.This collaboration represents a pivotal moment in our journey towards financial inclusion. By bringing insurance products, we are not just facilitating transactions – we are empowering individuals and businesses also to secure their futures with confidence.Chairman of BLS E-Services – Shikhar Aggarwal

 

2. YES Bank launched PaisaSave Cashback Credit Card: Paisabazaar, India’s leading online marketplace for consumer credit and free credit score platform, has partnered with Yes Bank to unveil their co-branded credit card – YES BANK Paisabazaar PaisaSave Credit Card.The PaisaSave Credit Card is designed to reward frequent shoppers by offering substantial cashback on everyday purchases, both online and offline, making it a must-have for the value-conscious customers.The PaisaSave Credit Card provides an easy way for customers to save as they spend, especially on online transactions where cashback is accelerated to 3%. Whether shopping on popular e-commerce sites or paying at physical stores, the card ensures consistent savings through its unlimited cashback feature.

 

Daily GK Update- 21st Sept, 2024

 NATIONAL UPDATES:

 

1. PM Modi address 1st anniversary of the National PM Vishwakarma Scheme: Prime Minister Narendra Modi attended the National PM Vishwakarma Program held in Wardha, Maharashtra to celebrate the first anniversary of the PM Vishwakarma Scheme.PM Modi launched the Central Sector Scheme “PM Vishwakarma” on 17 September 2023 in New Delhi.The Prime Minister also distributed Vishwakarma certificates and loans to the scheme’s beneficiaries.PM Modi also launched the Maharashtra Government’s Acharya Chanakya Skill Development Scheme and the Punyashlok Ahilyadevi Holkar Women Startup Scheme on this occasion.Modi also laid the foundation stone of PM Mega Integrated Textile Regions and Apparel (PM MITRA) Park at Amravati, Maharashtra.

 

2. JP Nadda Inaugurates the 2nd Global Food Regulators Summit 2024: Union Minister of Health and Family Welfare, Jagat Prakash Nadda has inaugurated the second edition of the Global Food Regulators Summit 2024 in New Delhi.The summit brings together countries’ food regulators to exchange information on aspects of food regulation and safety requirements. It also provides an opportunity to promote cooperation between the food regulators of various countries.The Summit has organized by the Food Safety and Standards Authority of India (FSSAI) under the aegis of the Ministry of Health and Family Welfare, alongside the World Food India 2024 event organised by the Ministry of Food Processing Industries.

 

3. RBI approves re-appointment of V Vaidyanathan as IDFC First Bank MD & CEO: The Reserve Bank of India (RBI) has approved the re-appointment of V Vaidyanathan as MD and CEO of IDFC First Bank for a period of three years effective from December 19, 2024, to December 18, 2027.

The bank’s board had initially approved the re-appointment on April 27, 2024, before Vaidyanathan’s current term expires in December 2024.Previously, he worked with Citibank from 1990 to 2000 and joined ICICI Bank in 2000, where he set up its Retail Banking division. He also served as the MD and CEO of ICICI Prudential Life Insurance in 2009.Vaidyanathan took over as MD and CEO of IDFC First Bank in December 2018, following the merger of IDFC Bank and Capital First.

 

4. Muthuswamy Iyer appointed as Chief Compliance Officer of CIFDAQ: CIFDAQ, a leading blockchain ecosystem firm has appointed Muthuswamy Iyer as Chief Compliance Officer (CCO).

Muthuswamy brings extensive experience in regulatory compliance and adherence to PMLA guidelines to his new position at CIFDAQ, having worked primarily in the securities market and Web3/blockchain sectors for over 25 years, including pivotal roles at WazirX, Edelweiss Broking Ltd, Karvy Stock Broking Ltd, Angel Broking Ltd, and National Stock Exchange of India Ltd.Muthuswamy has extensive experience in regulatory compliance, surveillance, and liaising with regulatory bodies. He is well-known for his crisis management abilities and ability to achieve outcomes under duress.

 

5. Vincent Menachery Devassy appoints as Whole Time Director of TamilNad Mercantile Bank: Vincent Menachery Devassy has been appointed as the Whole Time Director (Executive Director) of TamilNad Mercantile Bank for a period of three years.The Reserve Bank of India (RBI) approved this appointment under Section 35B of the Banking Regulation Act, 1949.Devassy began his career in State Bank of India and has over 39 years of experience in commercial banking. He has deep knowledge in retail banking, wealth management, and banking technology among others.

 

INTERNATIONAL UPDATES:

 

1. India extends USD 50 million budgetary support to Maldives for another year: India has extended budgetary support to the Maldives government in the form of a rollover of the USD 50 million Treasury Bill for another year on the Maldivian government’s request.At the request of the Maldivian government, the State Bank of India (SBI) has subscribed the USD 50 million government Treasury Bills (T-bills) issued by the Ministry of Finance of the Maldives for a period of one more year upon the maturity of the previous subscription.This is the second rollover granted by the Indian government this year, following the first rollover of a USD 50 million Treasury Bill in May.Earlier in May 2024, SBI had similarly subscribed a USD 50 mn T-bills under same mechanism, again on the request of the Government of Maldives. These subscriptions have been made at the special request of the Government of Maldives as emergency financial assistance.

 

2. Jordan became the first country to eliminate Leprosy: In a historic achievement, Jordan has become the first country to eliminate leprosy, receiving official verification from the World Health Organisation (WHO).This milestone reflects the country’s commitment to eradicating a disease that has plagued humanity for centuries and signifies a major breakthrough in global public health efforts.Jordan’s journey to this remarkable achievement began many years ago with targeted public health campaigns, early detection programs, and free, accessible treatments for all citizens.

 

3. 20 September – World Cleanup Day: World Cleanup Day is observed every year on 20 September.Objective – To observe World Cleanup Day through activities aimed at raising awareness of the role clean-up efforts play in sustainable development.The theme of the inaugural event, taking place on 20 September in the city of Tromsø, Norway, is “Arctic Cities and Marine Litter”.The event, convened with support from UN-Habitat, GRID-Arendal, and the Norwegian Retailers’ Environment Fund, and in collaboration with the Ministry of Local Government and Regional Development, the municipality of Tromsø.On 8 December 2023, the United Nations General Assembly, in its seventy-eighth session, unanimously adopted resolution 78/122 “World Cleanup Day”, which proclaims 20 September as World Cleanup Day.

 

4. 21 September – International Day of Peace: International Day of Peace is observed every year on 21 September.The Day is observed by humanity to promote a culture of peace, advocate a halt to hostilities and conflict around the world and resolve disputes and differences through dialogue and peace education.Theme 2024 – Cultivating a Culture of PeaceEstablished in 1981 by a unanimous United Nations resolution, Peace Day provides a globally shared date for all humanity to commit to Peace above all differences and to contribute to building a Culture of Peace.This year marks the 25th anniversary of the United Nations General Assembly’s adoption of the Declaration and Programme of Action on a Culture of Peace.

 

OTHER UPDATES:

DEFENCE

 

1. Anurag Garg appointed as DG of Narcotics Control Bureau: Anurag Garg has been appointed as the new director general of the Narcotics Control Bureau (NCB).Garg is currently working as an Additional DG in the Border Security Force (BSF) at its headquarters here.Garg is the 1993 batch Indian Police Service officer from the Himachal Pradesh cadre.

 

SCIENCE AND TECHNOLOGY

 

2. TCOE-VTU-VRIF sign MoU to establish a Centre of Excellence in Quantum Technology and associated 5G/6G Technologies: In a significant move to bolster, India’s leadership in technological innovation, an MoU was signed between the Telecom Centre of Excellence (TCOE) India and Visvesvaraya Technological University (VTU) – Visvesvaraya Research & Innovation Foundation (VRIF).The landmark MoU is for establishing a Centre of Excellence (CoE) in Quantum Technology, associated 5G/6G Technologies etc, and other frontier areas of research and development.This CoE, headquartered at VTU-VRIF Bangalore, aims to accelerate India’s progress across these key sectors and is part of the 100-day programme.

 

BANKING AND FINANCE

 

1. Jana SFB introduces “Liquid Plus Fixed Deposit”: A Comprehensive Solution to Manage Short Term Liquidity Needs: Jana Small Finance Bank, one of India’s leading small finance banks, has launched a comprehensive solution “Liquid Plus” Fixed Deposit with attractive interest rate of 6.75% p.a. for tenures ranging from 7 to 180 days.The rate is applicable for the minimum deposit amount of INR 10 Lakhs for retail deposits up to INR 3 Crores and above INR 3 Crores to INR 200 Crores for bulk deposits per customer.The liquid plus fixed deposit makes short term deployment of funds extremely easy and attractive with higher returns. The Bank has taken this step based on the feedback from customers seeking placement of short-term funds.

 

2. SBI General Insurance joins hand with BLS E-Services to Streamline Access to Insurance Across India: BLS E-Services has tied up with SBI General Insurance to offer a range of insurance products directly to customers across India.This tie up is aimed at broadening access to key insurance offerings, such as ‘Hospicash’, vehicle insurance, personal accident insurance, and shop insurance, leveraging BLS’s extensive network.This collaboration represents a pivotal moment in our journey towards financial inclusion. By bringing insurance products, we are not just facilitating transactions – we are empowering individuals and businesses also to secure their futures with confidence.Chairman of BLS E-Services – Shikhar Aggarwal

 

3. YES Bank launched PaisaSave Cashback Credit Card: Paisabazaar, India’s leading online marketplace for consumer credit and free credit score platform, has partnered with Yes Bank to unveil their co-branded credit card – YES BANK Paisabazaar PaisaSave Credit Card.The PaisaSave Credit Card is designed to reward frequent shoppers by offering substantial cashback on everyday purchases, both online and offline, making it a must-have for the value-conscious customers.The PaisaSave Credit Card provides an easy way for customers to save as they spend, especially on online transactions where cashback is accelerated to 3%. Whether shopping on popular e-commerce sites or paying at physical stores, the card ensures consistent savings through its unlimited cashback feature.