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Current Affairs Weekly PDF – January 2024 – 1st Week


(1 – 8)
NATIONAL AFFAIRS

UP ranks First in the Inter-Operable ULFA faction inks Memorandum of


Criminal Justice System for 3rd Settlement with Govt of India & Assam
Consecutive Year On 29th December 2023, The faction of United
Uttar Pradesh (UP) has ranked first for the third Liberation Front of Assam (ULFA) led by
consecutive year in recording the highest entries Arabinda Rajkhowa, signed a Memorandum of
(1,56,22,514 entries) on the Inter-Operable Settlement (peace pact), with the government of
Criminal Justice System (ICJS) platform. With India and Assam. ULFA, the oldest insurgent group
35,04,828 entries Madhya Pradesh (MP) secured in the Assam, was formed in April 1979 after the
second position and Bihar is in third place with agitation against undocumented immigrants from
16,65,107 entries. Bangladesh (erstwhile East Pakistan).

FinMin imposes Anti-Dumping Duty on Tenure of PLI Scheme for Automobile and
‘Wheel Loaders’ imports from China & on Auto Components extended by 1 Year with
Gypsum Board from China, Oman Partial Amendments
The Ministry of Finance has imposed a definitive The Ministry of Heavy Industries (MHI) extended
anti-dumping duty on imports of 'Wheel Loaders' the Production Linked Incentive (PLI) Scheme for
from China for a period of 5 years. The duty rates, Automobile and Auto Components by one year,
ranging from 18.84% to 82.71%, vary based on with partial amendments. This amended incentive
the producer and specific goods. The duty will be scheme will be applicable for five consecutive
applicable on imports in complete build unit (CBU) financial years, starting from 2023-24 (FY24) and
and semi-knocked down (SKD) forms, and not on ending in 2027-28 (FY28).
the completely knocked down (CKD) form.
66th Foundation Day of DRDO - 1st January
Uttar Pradesh is set to build India’s 1st AI 2024
city in Lucknow Defence Research & Development Organisation
Uttar Pradesh(UP) is set to build India’s first (DRDO), the Research and Development (R&D)
Artificial intelligence (AI) city in Lucknow to wing of the Ministry of Defence (MoD), annually
promote AI ecosystem. The AI city will be a hub celebrates its Foundation day or Raising Day on 1
integrating cutting-edge technology, research January. DRDO, formed in 1958, celebrated its
centres, and educational institutions. U.P. 66th foundation day on 1st January 2024.
Electronics Corporation Limited, the nodal ✓ DRDO Chairman also launched the
agency of the project, has issued an Expression of Quantity-Distance Software developed
Interest (EoI) inviting real estate developers to by Pune(Maharashtra)-based lab, High
build and operate the AI city. Energy Materials Research Laboratory
(HEMRL), to automate the siting of
explosives and related buildings.

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✓ DRDO received Acceptance of Necessity 2nd January 2024. The 2-week-long Exercise will
(AoN) worth around Rs. 1,42,000 crore for conclude on 15th January 2024.
the induction of several DRDO-developed Note: “Desert Eagle”, the first-ever India-UAE
systems. Joint Air Forces exercise took place in September
2008 at the Al-Dhafra base in Abu Dhabi, UAE.
Gujarat Emerges as 'Petro Capital' of India
Gujarat has been recognised as the 'petro capital' Govt amends CCS (Pension) rules 2021;
of India, due to the presence of the Reliance Allows Female Govt Servant/Pensioner to
Industry Limited’s Jamnagar refinery and ONGC Nominate her child for Family Pension
Petro Additions Limited (OPaL)’s state-of-the-art The Department of Pension and Pensioners’
petrochemical complex at Dahej in Bharuch Welfare (DoPPW), under the Ministry of
district. Personnel, Public Grievances & Pensions, has
✓ OPaL is one of South Asia's single largest amended the Central Civil Services (CCS)
petrochemical complexes. It is a joint (pension) rules, 2021, to allow female
venture(JV) between the Oil and Natural government servant/pensioner to nominate her
Gas Corporation (ONGC), the Gas child/children for family pension in precedence to
Authority of India (GAIL) & Gujarat State her husband.
Petroleum Corporation Limited (GSPC). Note: The sub-rules (8) and (9) of Rule 50 of CCS
(Pension) Rules, 2021, states that if a deceased
CDSCO launches NSWS Portal for Medical Government servant/pensioner is survived by a
Devices Management spouse, a family pension is initially granted to the
On January 1, 2024, the Central Drugs Standard spouse, with other family members becoming
Control Organisation (CDSCO), under the eligible only after the spouse becomes ineligible or
Directorate General of Health Services, Ministry of passes away.
Health & Family Welfare(MoHFW), launched the
National Single Window System (NSWS) Portal J&K becomes First UT to Implement PM
to streamline, import, clinical investigations, and Vishwakarma Yojana
testing of medical devices. Jammu and Kashmir (J&K) has become the first
✓ The site is designed and developed by Union Territory (UT) in India to implement the
Invest India, under the Department for Pradhan Mantri Vishwakarma Yojana (PMVY). The
Promotion of Industry and Internal Trade training programme for the 1st batch of 30 trainees
(DPIIT), Ministry of Commerce and (Viswakarmas) in 'darzi craft' under PMVY was
Industry(MoCI), through Tata Consultancy inaugurated at Industrial Training Institute (ITI)
Service (TCS) for CDSCO. Shopian, J&K.
✓ PM Vishwakarma Yojana (PMVY) is a
Desert Cyclone 2024: 1st India-UAE Joint Central Sector Scheme (CSS) launched by
Military Exercise Begins in Mahajan, the Ministry of Micro, Small and Medium
Rajasthan Enterprises (MoMSME) in September
Desert Cyclone 2024, the 1st edition of the 2023. The tagline of the scheme is
India-United Arab Emirates (UAE) joint military ‘Samman Samarthya Samridhi’.
exercise, commenced in Mahajan, Rajasthan on

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EPFO extends Deadline to Upload Wage products from Arunachal Pradesh (AR) namely
Details for Higher Pension Options till May Adi Kekir (ginger), Handmade Carpet (by Tibetan
31 settlers), and Wancho Wooden Craft. With the
On January 3, 2024, the Employees' Provident addition of 3 new GI products, Arunachal Pradesh
Fund Organisation (EPFO) has approved a five now has a total of 8 GI products.
months extension for employers for uploading
wage details of higher pension options online i.e.
till 31st May, 2024 from 31st December 2023.

NHAI & NRSC Entered into MoU to Develop


and Report Green Cover Index for National
Highways in India
The National Highways Authority of India (NHAI)
signed a Memorandum of Understanding (MoU)
with the National Remote Sensing Centre
(NRSC), one of the primary centres of the Indian
Space Research Organization (ISRO), for 3 years
to develop and report a “Green Cover Index” for
the vast National Highways network in India.

President Droupadi Murmu Gives Assent to QCI & KVIC Signed MoU to Enhance Quality
Two Bills on December 2023 of Khadi Products; Introduce Made-in-India
President of India Droupadi Murmu gave assent to Khadi Labels
two bills including The Chief Election The Quality Council of India (QCI) and the Khadi
Commissioner and Other Election Commissioners and Village Industries Commission (KVIC)
(Appointment, Conditions of Service and Term of signed a Memorandum of Understanding (MoU) at
Office) Bill, 2023, and The Press and Registration Kochrab Ashram in Ahmedabad (Gujarat) to
of Periodicals (PRP) Bill, 2023 improve the quality of Khadi products, introduce
✓ The Chief Election Commissioner and Made-in-India label for khadi, and empower khadi
Other Election Commissioners artisans.
(Appointment, Conditions of Service and
Term of Office) Bill, 2023 Union Cooperation Minister Amit Shah
✓ The Press and Registration of Periodicals launched ‘e-samridhi portal’, a Tur Dal
Bill, 2023 replaces the Press and Procurement portal for Farmers
Registration of Books Act, 1867
Union Minister Amit Shah, Ministry of
Cooperation, launched the 'e-samridhi portal', a
3 Products from Arunachal Pradesh gets GI platform for registration, purchase, and payment
tag: Adi Kekir, Handmade Carpets & of tur dal producing farmers across India. the
Wancho Craft portal was launched during the national
Chennai, Tamil Nadu (TN) based Geographical symposium on ‘Self-reliance in Pulses’ held in
Indications Registry has awarded the New Delhi, Delhi.
Geographical Indication (GI) tag to 3 indigenous

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✓ The portal was developed by National Three varieties of handloom Sarees in West
Agricultural Cooperative Marketing Bengal & 7 Products from Odisha get GI
Federation of India Ltd. (NAFED) and
tag
National Cooperative Consumers'
The Geographical Indications Registry under the
Federation of India Limited (NCCF).
Department for Promotion of Industry and Internal
Trade (DPIIT), Ministry of Commerce and Industry
MeitY Secretary S Krishnan launches ERNET in Chennai, has recently awarded geographical
India’s web portal for Educational indication (GI) tags to 3 handloom sarees of West
Institutions Bengal, namely Tangail, Korial and Garad
S Krishnan, Secretary, Ministry of Electronics & received geographical indication (GI) tags under
Information Technology (MeitY) and chairperson of the goods of Textiles.
the Executive committee of Education and ✓ The Geographical Indications Registry also
Research Network (ERNET), India, launched awarded GI tags to 7 distinct products of
integrated web portal (https://ernet.in/) of ERNET Odisha. These include two local foods,
India for educational institutes in India. three agricultural products and one each
✓ The portal was created using open-source for Textile and Handicraft products viz.
software and advanced technologies like Lanjia Saura painting, Dungaria Kondh
Artificial Intelligence (AI) and Machine embroidered shawl, Gajapati Date Palm,
Learning (ML). Dhenkanal Magji, Mayurbhanj Kai Chutney,
Nayagarh Kanteimundi Brinjal and Koraput
Overview of PM Modi’s visit to Tamil Nadu, Kalajeera Rice.
Lakshadweep & Kerala on 2nd & 3rd January
2024 MoD Signs Contracts worth Rs 802 Cr with
Prime Minister (PM) Narendra Modi visited Tamil Jupiter Wagons Ltd & BEML for Military
Nadu(TN), Lakshadweep and Kerala from 2nd to Equipment
3rd January 2024. The Ministry of Defence (MoD) has inked 2
✓ PM Modi inaugurated and laid the contracts worth Rs 802 crore for indigenous
foundation stone for multiple development military equipment. The 1st contract, worth
projects worth more than Rs 20,000 Rs 473 crore, was inked with M/s Jupiter Wagons
crores in the Tiruchirappalli (Trichy) district Limited for the procurement of 697 Bogie Open
of Tamil Nadu. Military (BOM) wagons.
✓ PM inaugurated and laid the foundation ✓ The 2nd contract, worth Rs 329.87 crore,
stone for multiple development projects was signed with M/s BEML Limited
worth Rs 1150 crore at Kavaratti Island in (Formerly Bharat Earth Movers Limited ) for
Lakshadweep on 3rd January 2024. the procurement of 56 Mechanical
✓ PM Modi held a mega roadshow in Thrissur Minefield Marking Equipment
during his visit to Kerala. He also (MMME) Mark II.
addressed the Bharatiya Janata Party’s
women’s conference “Sthree Shakti Overview of PM Modi’s visit to Ayodhya
Modikkoppam” held at (Uttar Pradesh) on 30th December 2023
Thekkinkadu Maidan, Thrissur, Kerala. On 30th December 2023, Prime Minister Narendra
Modi visited Ayodhya, Uttar Pradesh for the

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inauguration and launch of various initiatives and Indian Railways signs 3rd MoU with CII to
events as follows: Facilitate Green Initiatives
i.PM Laid the Foundation Stone of Development Indian Railways (IR) and Confederation of Indian
Projects Worth Over Rs 15,700 Crore in Ayodhya Industry (CII) have signed the Memorandum of
and other parts of Uttar Pradesh Understanding (MoU) to reduce energy and water
ii.PM Inaugurated Redeveloped Ayodhya Railway consumption and lowering greenhouse gas (GHG)
Station, Flags off Two Amrit Bharat and Six Vande emissions.
Bharat Trains. ✓ The MoU been renewed for the 3rd
✓ The Amrit Bharat Express runs from consecutive time since 2016.
Darbhanga-Ayodhya - Anand Vihar ✓ This renewed MoU with CII-Green
Terminal, and Malda Town - Sir M. Business Centre(GBC) aims to achieve
Visvesvaraya Terminus (Bengaluru, IR’s target of Net Zero Carbon Emission by
Karnataka) 2030.
iii.PM Inaugurated Maharishi Valmiki International
Airport IMAC to be Upgraded to National Maritime
iv.Ram Idol Carved by Sculptor Arun Yogiraj
Domain Awareness in 3 Years
Selected for Ayodhya's Ram Temple
The Indian Navy (IN)’s Information Management
and Analysis Centre (IMAC) in Gurugram, Haryana
is set to be upgraded into the National Maritime
Domain Awareness (NMDA) centre in about 3
years. NMDA aims to address maritime challenges
in the Indian Ocean Region (IOR).

INTERNATIONAL AFFAIRS

Overview of EAM Jaishankar's Visit to


Russia from 25 - 29 December 2023 Five New Countries Join BRICS in 2024
External Affairs Minister (EAM) S. Jaishankar was Five countries namely Egypt, Ethiopia, Iran, Saudi
on a 5-day visit to Russia from 25-29 December Arabia, and the United Arab Emirates (UAE) has
2023 as a part of the ongoing high-level exchanges joined BRICS(Brazil, Russia, India, China, and
between India and Russia. South Africa) bloc as their membership came into
✓ EAM Signed Documents on Kudankulam force from January 1, 2024. With the induction of
Nuclear Power Plants new members, BRICS’ membership count
✓ India and Russia Sign Protocol on increased to 10 from 5.
Consultations for the Next Four Years to ✓ The act of inducting new members into the
make progress in economic cooperation, bloc was decided in 15th BRICS summit
energy trade, connectivity, military- under the chairmanship of South Africa in
technical cooperation, and people-to- August 2023.
people exchange.

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BANKING & FINANCE

Report on Trend and Progress of Banking in ✓ Bank’s Capital Adequacy Ratio to Fall 71
India 2023 : RBI bps on Higher Risk Weight
Reserve Bank of India (RBI) released the report
titled “Report on Trend and Progress of Banking in
India” (2022-2023).
✓ Small Finance Banks (SFBs) has the
widest gap of remuneration between top
executives and average employee
✓ RBI Data on Variable Pay(VP) for different
banks in India: For Private Sector Banks
(PVBs), share of variable pay in total
remuneration increased from 31 %( at
March-end 2021) to 39 %( at March-end
2022).
✓ RBI flagged the interconnectedness of
Small Finance Banks (SFBs) with Co-
operative Banks
✓ The RBI revealed that grievances related to
loans and advances, deposits increased RBI extends Deadline for Implementation of
exponentially to 60%, 70% respectively at Instructions regarding Penal Charges in
Reserve Bank of Ombudsman. Loan Accounts to April 1, 2024
✓ RBI report showed that total number of On December 29, 2023, the Reserve Bank of India
Automated Teller Machines (ATMs) in India (RBI) extended the deadline for implementation of
increased by 3.5% in FY22. White-label Instructions regarding Penal Charges in Loan
ATM accounted maximum number of Accounts by three months i.e. from January 1,
ATMs. 2024 to April 1, 2024, as a part of fair lending
practices.
Highlights of 28th Financial Stability Report ✓ In this regard, all Regulated Entities (REs)
by RBI must implement the new penal charges
instructions for fresh loans from April 1,
RBI (Reserve Bank of India) has released the half-
2024.
yearly publication of the Financial Stability Report
✓ In case of existing loans, the transition to
2023 (September 2023), which assesses risks to
the new regime should be ensured by the
financial stability and the resilience of the Indian
next review/renewal date on or after April
financial system.
1, 2024, but no later than June 30, 2024.
✓ None of the Top 100 Borrower Accounts in
the NPA Category for Scheduled
Commercial Banks(SCBs) Bandhan Bank Introduces ‘Inspire’
✓ RBI Report Finds Debt Fund AUM (Asset Programme Exclusively for Senior Citizens
Under Management) of Rs.1.7- lakh Crore Bandhan Bank Limited has launched a new
in Stress scheme called ‘Inspire’ programme designed to

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cater to the specific needs and aspirations of (NSDL), has launched ‘LEO 1 Card’ which is
senior citizens. It offers plans that focus on India’s first numberless Prepaid ID card with
financial security, healthcare, and convenience of MasterCard as a network partner.
old age people. ✓ The Bank of Baroda (BoB), one of a public
Eligibility: Individuals residing in India of age 60 sector bank, has launched the National
years and above. Common Mobility Card (NCMC) RuPay
✓ Monthly Average Balance (MAB) should be Reloadable Prepaid Card in alignment with
Rs.1 lakh for Premium Savings Account the ‘One Nation, One Card’ initiative.
and Rs.25,000 for Advantage Savings
Account. HDFC Bank Executed Transactions as part
of the ‘UPI for secondary market’ Facility
BOI Launched Super Special 175 days FD at HDFC Bank Limited has executed transactions via
7.5% Interest the National Payments Corporation of India
Bank of India (BoI), a Public Sector Bank(PSB), has (NPCI)’s Unified Payments Interface (UPI)
launched a Super Special Fixed Deposit (FD) payments app as a part of the ‘UPI for secondary
scheme with a specified maturity period of 175 market’ facility.
days, commencing from January 1st, 2024. The
scheme offers a interest rate of 7.50% per annum RBI grants Payment Aggregator Licence to
for deposits ranging from Rs 2 crore to less than
Tata Pay & DigiO
Rs 50 crore.
Tata Group’s digital payments arm, Tata
Communications Payment Solutions Limited
RBI revised guidelines for Inoperative (Tata Pay), has received approval from the
Accounts and Unclaimed Deposits; Reserve Bank of India (RBI) to act as a Payment
Enhances Bulk Deposit Limit for Large UCBs Aggregator (PA).
to Rs 1cr & above ✓ The Groww (financial services platform)-
On January 1, 2024, the Reserve Bank of India backed identity verification startup, DigiO,
(RBI) has issued revised guidelines for classifying also has received PA licence from RBI.
accounts and deposits as inoperative accounts
and unclaimed deposits by banks which will come RBI Issues Master Direction on Commercial
into effect from April 1, 2024. Paper & Non-Convertible Debentures 2024
✓ RBI also revises Bulk Deposits limit for On January 3, 2024, the Reserve Bank of India
Scheduled Primary (Urban) Co-operative (RBI) issued Master Direction – RBI (Commercial
Banks in Tier 3 and 4 to Rs 1 crore and Paper and Non-Convertible Debentures of original
above from Rs 15 lakh and above. This is or initial maturity upto one year) Directions, 2024
6.66 times increase. which will come into effect from April 01, 2024.
✓ CPs and NCDs must be issued and held in
LEO1 and NSDL Payment Bank launched the dematerialized form with a Securities and
MasterCard Powered LEO1 Card Exchange Board of India (SEBI) registered
LEO1 (formerly known as Financepeer), an Edu- depository.
fintech startup, in collaboration with NSDL ✓ The minimum denomination for CPs and
Payments Bank Limited (NPBL), the wholly-owned NCDs is Rs 5 lakh, with multiples of Rs 5
subsidiary of National Securities Depository Ltd lakh thereafter.

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✓ CPs have a tenor between seven days and iii.5-year CAD Sustainable Development Bond -
one year, while NCDs have a tenor CAD 1.4 billion
between ninety days and one year.
✓ Primary issuances of CPs and NCDs, Customer Complaints should be
involving both fund payment to the issuer communicated in 30 days: RBI IO for RE
and issuance to investors, must be settled Directions, 2023
within T+4 working days from the deal The Reserve Bank of India (RBI) issued the Master
date. Direction - Reserve Bank of India (Internal
Ombudsman for Regulated Entities) Directions,
Bajaj Finserv launched India’s First Credit 2023, as per which the regulated entities (REs)
Pass, Powered by CIBIL and their Internal Ombudsmen (IOs) should
Bajaj Finserv Limited has launched a Credit Pass, communicate a final decision to customers within
a first-of-its-kind subscription in India, that 30 days of receiving a complaint.
enables its customers to get real-time access to ✓ If IO/DIO tenure is fixed, it should not be
their credit dashboard to track and monitor credit less than 3 years and also should not
health. The credit pass is powered by TransUnion exceed 5 years, with no eligibility for
CIBIL Limited (formerly Credit Information Bureau reappointment or extension in the same
(India) Limited), a credit information company RE.
(CIC) operating in India.
REC & BoB sign MoU to Finance Power, Infra
AU SFB Collaborated With Mastercard To and Logistics Projects
Launch Platinum Debit Card REC Limited (formerly Rural Electrification
AU Small Finance Bank (SFB) Limited in Corporation Limited) signed a Memorandum of
partnership with United States of America (USA) Understanding (MoU) with Bank of Baroda (BoB)
based Mastercard has launched to jointly offer loans for power, infrastructure and
‘Mastercard Platinum Debit Card’ designed for logistics projects for a duration of three years (till
Corporate Salary Customers. The card was 2026).
introduced under the theme #Swipe&Save.
World Bank’s IBRD raises GBP 1.5 billion in
WB Issued Bonds in Three Currencies to 5-year Sustainable Development Bond
Finance Social Projects The World Bank (WB) arm International Bank for
The World Bank (WB) has raised funds by issuing Reconstruction and Development (IBRD) has
bonds in three different currencies namely priced a 5-year Sustainable Development Bond in
Canadian dollars (CAD), Australian dollars(AUD), Great British Pound sterling (GBP) to raise GBP
and United States Dollars (USD) to support the 1.5 billion from investors, contributing to finance
financing of green and social projects, programs sustainable development initiatives in World Bank
and activities in the member countries. member countries.
i.5-year AUD Sustainable Development Bond -
AUD 2 billion SBI raises USD 250 million through Green
ii.7-Year USD Sustainable Development Bond - Bonds to Finance Green Projects
USD 5 billion State Bank of India (SBI),the largest public sector
bank in India, has raised USD 250 million by

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issuing 5-year green bonds (also known as green SBI’s Syndicated Social Loan of USD 1 Billion:
notes) which will mature on 29th December 2028 SBI has successfully raised USD 1 Billion through
to fund green projects which are in line with SBI’s Syndicated Social Loan to cater to the domestic
Environmental, Social and Governance (ESG) ESG financing market.
Financing framework.

ECONOMY & BUSINESS

India's GDP growth to Exceed 6.5% in FY24: ✓ Ind-Ra predicts global inflation declines to
DEA 6.9% in 2023 and 5.8% in 2024 (2022:
The “Half-Yearly Economic Review 2023-24- 8.7%).
November 2023” released by the Department of
Economic Affairs (DEA), Ministry of Finance, Ola Electric Becomes First Indian e2W
mentioned that India’s real Gross Domestic Company Eligible for PLI Scheme
Product (GDP) grew by 7.7% in the first half (H1)of Ola Electric Mobility Private Limited(Ola), has
financial year 2023-2024 (FY24). With this, India is become the 1st Indian electric two-wheeler
expected to achieve a growth rate of over 6.5% in (e2W) company to get eligible for the Production-
FY24. India’s real GDP grew by a 7.6% on a year- Linked Incentive (PLI) scheme after receiving
on-year (YoY) basis in 2nd quarter (Q2) of FY24 approval from the Ministry of Heavy Industries
(MHI). The PLI certification offers Ola a financial
REC Limited & RVNL signed MoU to Finance benefit of Rs 15,000 to Rs 18,000 per unit.
RVNL Infrastructure Projects up to Rs
35,000 Cr India Projected to Grow at 6.2% in 2024:
REC Limited (formerly Rural Electrification UN-DESA WESP 2024
Corporation Limited) signed a Memorandum of According to the United Nations Department of
Understanding (MoU) with Rail Vikas Nigam Economic & Social Affairs (UN-DESA) released
Limited (RVNL) to finance up to Rs 35,000 crore World Economic Situation and Prospects (WESP)
for multi-modal infrastructure projects to be 2024 report projecting India's economic growth to
executed by RVNL over the next 5 years. reach 6.2% in 2024 which is slightly lower than the
✓ These projects will include multi-modal 6.3% estimate for 2023.
logistics hub projects, rail infrastructure ✓ India's GDP is estimated to reach 6.6% in
projects, and road, port, and metro 2025.
projects where RVNL is venturing into. ✓ South Asia's Gross Domestic Product
(GDP) is expected to increase by 5.2% in
India Ratings raises India’s GDP growth 2024. It grew by an estimated 5.3% in
forecast for FY24 to 6.7% from 6.2% 2023.
India Ratings and Research (Ind-Ra) Private ✓ It forecasts a slowdown in global
Limited, part of the Fitch Group, increased India's economic growth from 2.7% in 2023 to
Gross Domestic Product (GDP) growth estimate 2.4% in 2024 with short-term risks and
for 2023-2024(FY24) to 6.7% from 6.2%. India structural vulnerabilities.
Ratings expects current account deficit to narrow
to 1.3% of GDP in FY24 from 2.0% in FY23.

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India’s GDP likely to grow by 7.3% in FY24:


First Advance Estimated by NSO Vitol and GAIL Sign Long-Term LNG Supply
The National Statistical Office (NSO), Ministry of Deal into India
Statistics and Programme Implementation GAIL (India) Limited, a Maharatna Central Public
(MoSPI) released the First Advance Estimates Sector Enterprise (CPSE) under the Ministry of
(FAE) of National Income for the financial year Petroleum and Natural Gas (MoPNG), has signed
2023-24, both at Constant (2011-12) and Current a Long Term Liquefied Natural Gas (LNG) deal
Prices. with Singapore-based Vitol Asia Pte Limited for
✓ As per it, Indian economy growth in real the supply of approximately one million metric
GDP will be at 7.3% in FY24 as compared tons of LNG per annum into India for a period of
to the 7.2% in FY23. While in nominal about 10 years, with effect from 2026.
terms, the projected GDP growth for India
in FY24 is 8.9%

AWARDS & RECOGNITIONS

Indian Cricketer Virat Kohli Won Pubity recognises the corporate entities and individuals
Sport Men’s Athlete of Year 2023 Award for outstanding contribution in the area of sports
Indian cricketer Virat Kohli won the Pubity Sport promotion and development.
Men’s Athlete of the Year 2023 Award by defeating Winners of
Argentine footballer Lionel Messi in the final clash 2023 Rashtriya Khel Protsahan Puruskar:
of the online poll in which Kohli got 78 percent out The 2023 award was announced under 2
of the total votes while Messi got remaining 22 categories:
percent. Category Winners
✓ Spanish footballer Aitana bonmati
Identification and Jain Deemed to be
(76%)wins Pubity female Athlete of The
nurturing of budding / University,
Year 2023 Award by defeating American
young talent Bengaluru, Karnataka
tennis player Coco Gauff (24%).

MoYAS Announced Winners of ‘Rashtriya Encouragement to sports Odisha Mining Corporate


Khel Protsahan Puruskar’ 2023 through Corporate Social Limited
On 4th January 2023, the Ministry of Youth Affairs Responsibility
& Sports(MoYAS) announced the winners of
‘Rashtriya Khel Protsahan Puruskar’ 2023 which Bhubaneswar, Odisha

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APPOINTMENTS & RESIGNATIONS

GoI Constitutes 16th Finance Commission European Investment Bank (EIB), the lending arm
of India with Arvind Panagariya as Chairman of the European Union(EU).
The Government of India, has constituted the ✓ With this appointment, she became the
16th Finance Commission of India with Dr first woman President of EIB.
Arvind Panagariya, former Vice-Chairman(VC), ✓ She succeeds Werner Hoyer of Germany,
NITI Aayog(National who held the post since 2012.
Institution for Transforming
India)(2015 to 2017) as MNRE sets up 3-member Dispute
Chairman. Resolution Committee to Settle Unforeseen
✓ Ritvik Ranjanam Disputes between Developers and REIAs
Pandey, Joint The Ministry of New & Renewable Energy
Secretary (MNRE) has set up a 3-member Dispute
(Revenue), Ministry of Finance, was Resolution Committee (DRC) to resolve
appointed as the Secretary to the "unforeseen disputes" between Renewable
Commission. Energy (solar and wind) Power developers,
✓ The Chairman and other members of the Engineering, Procurement, and Construction
Commission will hold the post from date (EPC) contractors, and Renewable Energy
on which they assume office up to the date Implementing Agencies (REIAs).
of submission of Report or 31st October ✓ Members of the committee: Rajesh
2025. Bhushan, Former Health Secretary; M F
Farooqui, Former Telecom Secretary; and
Congo President Félix Tshisekedi Re- Kumar Alok, Former Chief Secretary of
Elected for 2nd term Tripura.
Félix-Antoine Tshisekedi
Tshilombo, the leader of Union Succes Masra Appointed as Chad’s Prime
for Democracy and Social Minister
Progress (UDPS) party, was re- Succes Masra, president of
elected as the President of the ‘The Transformers’ party and
Democratic Republic of Congo former opposition leader, was
(DRC) for the 2 term. He is set to sworn in as the
nd
appointed as the Prime
President of Congo on 20th January 2024. Minister (PM) of the Republic
of Chad by transitional
Nadia Calviño of Spain took over as 1st government under the presidentship of
Woman President of European Investment General Mahamat Idriss Deby Itno following a
Bank referendum. Succes Masra will replace Saleh
On 1st January 2024, Nadia Kebzabo who resigned from the post in December
Calviño Santamaría, a Spanish 2023.
economist and civil servant, took
over as the 8th President of the

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Kuwait Emir Appoints Sheikh Mohammed ACC Cleared Appointments of 7 Civil


Sabah al-Salem al-Sabah as PM of Kuwait Servants to Key Posts Abroad in Foreign
Sheikh Meshal al-Ahmad Al- Missions
Jaber al-Sabah, Emir of On 5 January 2024, the Appointments
Kuwait, has appointed Sheikh Committee of the Cabinet (ACC) chaired by
Mohammed Sabah al-Salem Prime Minister (PM) Narendra Modi, cleared the
al-Sabah as the Prime appointment of 7 civil servants to key posts
Minister(PM) of Kuwait and abroad to represent India in foreign missions and
has been tasked to form a new cabinet. He captive posts within the Government of India (GoI)
succeeds Sheikh Ahmad Nawaf Al Ahmad Al across various multilateral bodies.
Sabah, the son of late Emir Nawaf Al-Ahmad Al- 1.Vikas Sheel: Executive Director (ED) of the
Jaber Al-Sabah, who has been serving as the PM of Asian Development Bank (ADB) in Manila
Kuwait since 2022. (Philippines) for 3 years.
2.Senthil Pandian: Ambassador/Permanent
Shashi Kumar Singh Elected as President of Representative (PR) at the Permanent Mission of
All India Rubber Industries Association India (PMI) to the Geneva (Switzerland)-based
Shashi Kumar Singh, Director World Trade Organisation (WTO) for 3 years.
of Osaka Rubber Private 3.M Balaji: Deputy Chief of Mission at the
Limited, was elected as the Embassy of India, Brussels (Belgium) for 3 years.
President of All India Rubber 4.Parveen Kumar: Adviser to the ED of the
Industries Association (AIRIA) International Monetary Fund (IMF), Washington
(2023-24), the apex body for DC, the United States of America (USA).
rubber industries in India. He will succeed 5.Smita Sarangi: Adviser to the ED of the ADB,
Ramesh Kejriwal, who served as the President of Manila for 3 years.
AIRIA from 2022-23. 6.Kalyan Revella: Counsellor (Economic) at the
Embassy of India in Beijing, China for 3 years.
Canara Bank CGM P Santhosh Appointed as 7.Tanu Singh: First Secretary of the PMI to the
MD & CEO of NARCL; Natarajan Sundar WTO (Geneva) for 3 years.
Resigns as MD
P Santhosh, Chief General Manager (CGM) of Ravindra Kumar Tyagi Took Charge as CMD
Canara Bank, has been appointed (on deputation) of Power Grid Corporation of India Limited
as Managing Director (MD) and Chief Executive Ravindra Kumar Tyagi
Officer (CEO) of National Asset Reconstruction of assumed charge as Chairman
India Limited (NARCL) with effect from 5th and Managing Director (CMD)
January 2024. of Power Grid Corporation of
✓ He succeeds Natarajan Sundar, MD & India Limited (POWERGRID)
CEO of NARCL (from 2022), who resigned with effect from 1 January
from the post. 2024. Before this, he was serving as Director
(Operations) of POWERGRID.
✓ He succeeded Kandikuppa Sreekant, who
was superannuated on 31 December

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2023. He has been the CMD of who has been serving as interim MD and CEO of
POWERGRID since August 2019. NIIFL since May 2023.
Note: NIIF is a collaborative investment platform
Sanjiv Aggarwal Appointed as MD & CEO of for international and Indian investors, anchored by
NIIFL the Government of India(GoI).
Sanjiv Aggarwal, Partner
(Energy Infrastructure), Actis, SEBI Appoints G Ram Mohan Rao as
was appointed as the Executive Director for 3 years
Managing Director (MD) & The Securities and Exchange Board of India
Chief Executive officer (CEO) (SEBI), has appointed Govindayapalli Ram
of National Investment and Mohan Rao as Executive Director (ED) of SEBI for
Infrastructure Fund Limited (NIIFL), with effect a period of three years.
from February 2024. He will succeed Rajiv Dhar,

ACQUISITIONS & MERGERS

Tata Power acquires 100% stake in Bikaner shareholding of GVK Power (Goindwal Sahib)
Special Purpose Vehicle Limited by Punjab State Power Corporation Ltd
Tata Power has acquired a 100% equity stake in (PSPCL). Punjab has become the first state
Bikaner III Neemrana II Transmission Limited, a government to purchase a private thermal plant.
special purpose vehicle (SPV), for Rs 18.6 crore.
SPV was set up by PFC Consulting Limited which ICICI Venture to Sell its Entire 42% Stake in
is a subsidiary of Power Finance Corporation. Theobroma Food Ltd
Mumbai (Maharashtra) based ICICI Venture Funds
CCI Approves 100% Acquisition of GVK Management Company Limited has decided to
Power (Goindwal Sahib) Ltd by PSPCL sell its entire 42% paid-up share capital in
The Competition Commission of India (CCI) has Mumbai-based Theobroma Food Private Limited
approved the proposed acquisition of 100% for Rs 1,200 crore.

SCIENCE & TECHNOLOGY

USSF-52 Mission: SpaceX launches ✓ The mission codenamed “USSF-52” is the


secretive U.S. military spacecraft on 7th mission of X-37B. This mission
research mission includes multiple cutting-edge
On 28th December 2023, SpaceX’s Falcon Heavy experiments. This is the first time the X-
rocket carrying US military’s secretive X-37-B 37B is launched using a Falcon Heavy
military space plane to the orbit was launched rocket.
from Launch Complex 39A (LC-39A) at Kennedy
Space Center in Florida, the United States of
America(USA).

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ISRO launches PSLV-C58/XPoSat: India’s N2), a Ka-band high throughput satellite (HTS),
1st X-ray Polarimeter Satellite to study onboard the Falcon-9 rocket of Space Exploration
Black Holes & Neutron Stars in Space Technologies Corporation (SpaceX) in the 2nd
Indian Space Research Organisation (ISRO) quarter of 2024. This will be ISRO’s first
launched XPoSat (X-ray Polarimeter Satellite), partnership with SpaceX to launch the satellites.
India’s 1st dedicated polarimetry mission
onboard the Polar Satellite Launch Vehicle GlobalSpace Technologies
(PSLV)-C58 from Satish Dhawan Space Centre in launches ‘GoRoga’, India’s 1st Anti-Stress
Sriharikota, Andhra Pradesh (AP). PSLV-C58 has Wearable
launched XPOSAT Satellite into an Eastward low Navi Mumbai (Maharashtra) based GlobalSpace
inclination orbit. Technologies Limited has unveiled ‘GoRoga’
✓ It was PSLV-C58’s 60th mission and lifted India’s first anti-stress wearable. The device uses
a mass of 260 ton. It should be noted that non-invasive brain stimulation (NIBS) technology
this launch was by PSLV-DL variant. It was to reduce anxiety and promote mental wellness.
PSLV-DL’s 4th mission. The device is manufactured and patented as
✓ The satellite is expected to operate for at RogaLife in the United States of America (USA)
least 5 years. and the software is developed in India under the
‘Make in India’ initiative.
SpaceX launches its first ‘direct-to-cell’
Starlink satellites ISRO Successfully Injected Aditya L1 into
SpaceX’s Falcon 9 launched the 21 Starlink the Halo Orbit Around L1
satellites, including its first six "direct-to-cell" On 6th January 2024, the Indian Space Research
satellites, to Low-Earth orbit(LEO) from Space Organisation (ISRO) successfully performed the
Launch Complex 4 East (SLC-4E) at Vandenberg crucial manoeuvre (final manoeuvre) of injecting
Space Force Base in California, the United States the Aditya-L1 spacecraft, India’s first space-
of America(USA). based observatory-class solar probe to study the
✓ Direct to cell satellites aims to provide Sun, into the halo orbit around Lagrangian point 1
seamless global access to text, call, and (L1).
browse across all-terrain and location ✓ Aditya L1 has travelled around 3.7 million
coverage without changing hardware or kilometers in 126 days to reach L1.
firmware. ✓ This marks the transition of Aditya L1
mission from cruise phase to orbit phase.
ISRO’s NSIL to launch GSAT-N2 Satellite ✓ After a flight duration of 63 minutes and 20
onboard SpaceX’s Falcon-9 seconds, Aditya L1 was successfully
injected into an elliptical orbit of
NewSpace India Limited (NSIL), the commercial
arm of the Indian Space Research Organisation 235x19500 km around the Earth.
(ISRO), is set to launch GSAT-20 (renamed GSAT-

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ENVIRONMENT

Polygonum Chaturbhujanum: New at Gol Pahadi Island of the Pench Tiger Reserve
Herbaceous Plant Species Discovered in (PTR) in Nagpur Maharashtra. The new species
Maharashtra’s Pench Tiger Reserve was discovered during the floral survey carried
A New Herbaceous Plant Species named out in Pench with technical support of the Forest
“Polygonum Chaturbhujanum” was discovered Survey of India(FSI).

SPORTS

FIDE World Rapid Chess Championship 3 Lei Tingjie China Bronze Medal
2023: Magnus Carlsen Wins 5th title,
Koneru Humpy wins Silver 2023 World Blitz Chess Championships:
Norwegian Grandmaster (GM) and World No.1, Norway’s Magnus Carlsen won his 7th title
Magnus Carlsen won 2023 International Chess & Russia’s Valentina Gunina won her 2nd
Federation (FIDE) World Rapid Chess title (Men) title
held at Samarkand, Uzbekistan from 26 December Norwegian Grandmaster and World Chess
to 28 December 2023. This title marks Magnus Champion Magnus Carlsen won the title at the
Carlsen’s 5th World Rapid Chess Championship 2023 World Blitz Chess Championships (open
title. tournament) held at the Samarkand Congress
✓ Russian chess player Anastasia Bodnaruk Center, Samarkand, Uzbekistan from 29th to 30th
(neutral Fide flag) won the 2023 FIDE December 2023.
World Rapid Chess Women’s title by ✓ Daniil Dubov, and Russia’s
defeating Indian Chess Grandmaster, Vladislav Artemiev finished 2nd and 3rd in
Koneru Humpy in a tiebreaker match to the Open Blitz tournament.
secure first place. ✓ Russia’s Valentina Gunina won the title in
Top 3 Men Medalist the Women’s Blitz tournament. The
Name of the former World Champion Alexandra
Rank Country Medal
Player Kosteniuk of Switzerland finished 2nd, and
Gold China's Zhu Jiner finished 3rd third.
1 Magnus Carlsen Norway Medal and
Trophy
Vladimir Siver ICC Modifies Stumping Rule and
2 Slovenia Concussion Substitute Rule
Fedoseev Medal
Bronze The International Cricket Council (ICC) has made
3 Yu Yangyi China
Medal changes to the stumping rule by stating that while
Top 3 Women Medalist checking for a stumping appeal, the TV umpire
Name of the (referred as 3rd Umpire) will only assess the
Rank Country Medal
Player images from the side-on camera (to show only
Russia stumping done by the wicketkeeper) and will not
Anastasia Gold Medal
1 (FIDE assess the caught-behind scenario.
Bodnaruk and Trophy
flag)
2 Koneru Humpy India Silver Medal

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✓ The new changes to the Stumping rule


came into effect on 12th December 2023.

OBITUARY

Former Indian Football Defender Indian American Academic and Padma


Prabir Majumdar passed away Bhushan Awardee Professor Ved Prakash
Former Indian footballer (defender) Nanda Passed Away
Prabir Majumdar, 77, passed away in Kolkata, Padma Bhushan Awardee Professor Ved Prakash
West Bengal (WB). He played a significant role in Nanda, an Indian American academic and a expert
the 1974 Asian Games (Tehran, Iran) as a member on international law, passed away in Denver,
of the Indian team. Colorado, the United States of America(USA). He
was born on 20th November 1934 in Gujranwala,
Punjab, British India (now in Pakistan).
Note: Prof Ved Prakash Nanda was honoured with
Padma Bhushan (literature and education) in
2018.

BOOKS & AUTHORS

Kerala Governor Launched the Book named General VK Singh releases book 'Sanskriti
"Ram Mandir Rashtra Mandir Ek Sajhi ke Ayaam' written by Manorama Mishra
Virast" General V.K. Singh (Retd.), Union Ministers of
Kerala Governor Arif Muhammed Khan launched a State (MoS), Ministry of Road Transport and
book titled "Ram Mandir Rashtra Mandir Ak Sajhi Highways (MoRTH) and Ministry of Civil Aviation
Virast"(Meaning: Ram Mandir, Rashtra Mandir – A (MoCA) released the book 'Sanskriti ke Ayaam'
Common Heritage) jointly written by Geeta Singh authored by Manorama Mishra.
and Arif Khan Bharti. ✓ The book, authored in Hindi language, is
published by the National Book Trust,
TN Chief Minister MK Stalin Released a India functioning under the Ministry of
Book Titled ‘Maha Kavithai’ by Poet Education (MoE).
Vairamuthu
Tamil Nadu Chief Minister MK Stalin released a Four Stars of Destiny: The Autobiography of
Tamil book titled ‘Maha Kavithai’(means ‘Great Ex-Indian Army Chief M.M. Naravane
Poem’) written by poet Vairamuthu at the event General Manoj Mukund Naravane (MM Naravane),
held in Chennai(Tamil Nadu) on 1st January 2024. former Chief of Army Staff(CoAS) has penned his
autobiography titled “Four Stars of Destiny: An
Autobiography”. The book is set to be published
in January 2024 by Penguin Veer, an imprint of
Penguin Random House India.

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IMPORTANT DAYS

World Braille Day 2024 - January 4


The United Nations (UN) World Braille Day is World Day of War Orphans 2024- January 6
annually observed across the globe on 4 January World Day of War Orphans is annually observed
to raise awareness about the significance of across the globe on 6 January to raise awareness
Braille as a communication medium for people about the challenges faced by children who have
who are blind or partially sighted. been left orphaned by wars and about the trauma
✓ The Day commemorates the birth experienced by war orphans globally.
anniversary of Louis Braille, a 19th- Note: As of November 2023, Sudan has become
century French educator, who invented the the largest child displacement crisis globally,
Braille script for the blind and visually witnessing 3 million children escaping widespread
impaired in 1824 violence in pursuit of basic needs.
✓ 4 January 2024 marks the observance of
the 6th World Braille Day and the 215th
birth anniversary of Louis Braille.

STATE NEWS

Punjab CM Bhagwant Singh Mann launched Kerala CM Pinarayi Vijayan launches K-


website to support NRIs SMART App to Offer Digital Access to Local
Bhagwant Singh Mann, Chief Minister(CM) of Govt Services
Punjab, launched Non-Resident Indians (NRI) Pinarayi Vijayan, Chief Minister (CM) of Kerala,
Punjab website(nri.punjab.gov.in), under the launched the K-SMART (Kerala Solutions for
Department of NRI Affairs to provide support and Managing Administrative Reformation and
assistance to NRIs. The website was developed by Transformation) software/mobile application, in
the Department of Governance Reforms & Public an event held in Kochi, Kerala.
Grievances (DGRPG), Government of Punjab in ✓ K-SMART is a unified platform to provide
collaboration with National Informatics Centre digital access to the services provided by
(NIC), under Ministry of Electronics and the local self-government bodies across
Information Technology (MeitY). Kerala. The app was developed by the
Information Kerala Mission (IKM), an
Cultural Exchange and Tourism autonomous body under the Local Self-
Collaboration Launched Between Vietnam's Government Department(LSGD),
Lam Dong and India's Leh Ladakh Government of Kerala.
Lam Dong Province in Vietnam and the Leh region
of Ladakh, India officially launched a cultural Durga Shanker Mishra Re-appointed as
exchange and tourism cooperation initiative with Chief Secretary of Uttar Pradesh
the theme “Ladakh Unveiled” in Da Lat, Vietnam. Durga Shanker Mishra was re-appointed as the
Chief Secretary (CS) of Uttar Pradesh (UP) for the
third term, from 1st January to 30th June 2024.

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Sudhansh Pant Appointed as Chief Secretary of PFC signs MoU with Gujarat Govt for Power
Rajasthan Projects Worth Rs 25,000 Cr
Sudhansh Pant, a 1991 batch IAS officer, was The Power Finance Corporation Limited (PFC) has
appointed chief secretary of Rajasthan. He signed a Memorandum of Understanding (MoU)
succeeded Usha Sharma, who retired on 31st worth Rs 25,000 crore with the Government of
December 2023. Gujarat (GoG) in Gandhinagar to provide financial
backing for power generation, transmission, and
J&K DGP launches Grievance Redressal distribution projects.
Portal 'Awaam Se, Awaam Ke Liye'
The Director General of Police (DGP) of Jammu & Assam Celebrates 14th Chandubi Festival -
Kashmir (J&K), R R Swain, has launched the J&K 1 to 5 January 2024
Police Grievance Redressal Portal ‘Awaam Se, The Chandubi festival is an annual 5 day festival
Awaam Ke Liye’. held from the first day of the New Year along the
✓ The portal aims to address the issues Chandubi lake(64 km away from Guwahati city),
faced by the citizens and police personnel Assam. The 14th edition of Chandubi
in a more structured and decentralised Festival was held from 1st to 5th january 2024.
manner. This festival celebrates the cultural heritage of
Assam's tribal communities such as Rabhas,
WB Govt Declared Poila Baisakh as State Garos, Gorkhas, etc that live near the Chandubi
Day & Tagore's Banglar Mati Banglar Jal as Lake.
State Song
The Government of West Bengal(WB) declared Himachal CM Sukhu Launches Two Portals
Poila Baisakh, the Bengali New Year, as the State for Efficient Governance
day and Nobel laureate Rabindranath Tagore's Himachal Pradesh Chief Minister(CM) Sukhvinder
1905 ode to Bengal, "Banglar Mati, Banglar Jal" Singh Sukhu launched India’s first ever Report
(The soil of Bengal, the water of Bengal) as the Management Portal (RMP) and Meeting
State Song. Management Portal (MMP) for efficient
✓ Poila Baisakh is celebrated on the first day governance.
of the Baisakh month, the first month of ✓ The portals were developed by the
the Bengali calendar year which Department of Digital Technology and
usually falls on the 14th or 15th of April. Governance (DDTG) of the Himachal
Pradesh government.

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Current Affairs Weekly PDF – January 2024 – 2nd Week


(9 – 16)
NATIONAL AFFAIRS

Union Housing & Urban Affairs Minister Area Network (WPAN/WLAN) registration to all
Hardeep S Puri Launched Refereshed PAiSA entities engaged in these businesses.
Portal & PM SVANidhi Portal ✓ The registration process must be
Union Minister Hardeep Singh Puri, Ministry of completed by March 31, 2024, through the
Housing and Urban Affairs (MoHUA), launched 2 SaralSanchar portal (saralsanchar.gov.in)
portals namely the refreshed Portal for Affordable
Credit and Interest Subvention Access (PAiSA Cabinet Approvals on 5th January 2024
Portal) Dashboard; and the Prime Minister Street The Union Cabinet chaired by Prime Minister(PM)
Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Narendra Modi has approved the following
Mission Monitoring Portal during the inauguration proposals on 5th January 2024,
of a seminar on ‘Grievance Redressal ✓ Cabinet approves overarching scheme
Committee (GRC) for Street Vendors. “PRITHvi VIgyan (PRITHVI)” of the Ministry
✓ These portals will provide real-time of Earth Sciences
progress updates on the mission and ✓ Cabinet approves MoU between ISRO and
scheme, fostering transparency and MRIC concerning cooperation on the
accountability. development of a Joint Small Satellite
✓ Cabinet approves signing of a MoU
Union Minister Mansukh Mandaviya inaugurates between USAID/India for supporting Indian
“PRASADAM”, India’s 1st Healthy & Hygienic Railways to achieve Mission Net Zero
Food Street, at MP Carbon Emission
Dr. Mansukh Mandaviya, Union Minister for Health ✓ Cabinet approves Ayodhya Airport as an
& Family Welfare, inaugurated “PRASADAM”, International Airport & naming it as
India’s 1st Healthy & Hygienic Food Street, at “Maharishi Valmiki International Airport,
Neelkanth Van, Mahakal Lok, in Ujjain, Madhya Ayodhyadham”
Pradesh(MP). ✓ Cabinet approves signing of Memorandum
✓ Union Minister also launched the official of Understanding between India and
website for the Healthy & Hygienic Food Guyana on cooperation in the hydrocarbon
Street initiative and also launched the sector
Mannhit app, an initiative facilitating
screening for mental health. CBRE India’s report: Maharashtra Contributes
Highest Share of MSMEs in India; TN & UP
DoT makes mandatory M2M, WPAN/WLAN among top 3
registration to All Entities According to a report titled MSMEs: Unleashing
The Department of Telecommunications (DoT), the Engines of Economic Prosperity, prepared by
under the Ministry of Communications (MoC), has CBRE India Research, Maharashtra has
mandated Machine-to-Machine (M2M) and accounted for the highest share (17%) of Micro,
Wireless Personal Area Network/Wireless Local Small, and Medium Enterprises (MSMEs) in India

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followed by Tamil Nadu (TN) (10%) and Uttar MoT & MoEF&CC Conducts Training Program in
Pradesh (UP) (9%). Chilika Lake under Amrit Dharohar Capacity
✓ The report was unveiled during the Building Scheme
CREDAI National New India Summit Ministry of Tourism (MoT) in collaboration with the
2024 (5th edition) held in Varanasi, UP Ministry of Environment, Forest & Climate Change
from 7th to 9th January 2024. (MoEF&CC) has launched the fifth training
✓ CBRE India Research is the knowledge program under the Amrit Dharohar Capacity
partner of the New India Summit 2024. Building Scheme in Chilika Lake, a Ramsar Site in
Odisha on 6th January 2024.
Coal India Limited signs MoU with NSDC for ✓ Under this initiative, two training
Establishing Multi Skill Development Institutes programmes of 15 days each namely the
Coal India Limited (CIL) and the National Skill Alternative Livelihood program (ALP), and
Development Corporation (NSDC) have signed a the Paryatan Navik Certificate (PNC) will
Memorandum of Understanding (MoU) to be conducted.
establish Multi Skill Development Institutes ✓ MoEF&CC launched the Amrit Dharohar
(MSDIs) in each subsidiary companies of CIL. Capacity Building Scheme for
Note: CIL is a Maharatna Public Sector development of local community members
Undertaking (PSU) under the Ministry of Coal and around different Ramsar sites to
NSDC is a not-for-profit public limited company strengthen nature tourism at these sites
set up by the Ministry of Finance as Public- and provide alternative livelihood to the
Private Partnership (PPP) model. local community.
✓ CIL signed a MoU with EdCIL (India)
Limited to digitise education in 11 MoHFW Notifies Revised Pharma
districts of Jharkhand. The MoU was Manufacturing Rules under Schedule M to
signed as a part of CIL’s Corporate Social Ensure Quality Control
Responsibility (CSR) initiative. The Ministry of Health and Family Welfare
(MoHFW) notified the revised Pharma
First Meeting of IWDC commits Rs 45,000 crore manufacturing rules under Schedule M
for development of River Cruise Tourism guidelines of the Drugs and Cosmetics Rules,
The first meeting of Inland Waterways 1945, in the Gazette of India to ensure robust
Development Council (IWDC), chaired by the quality control for pharma and biopharmaceutical
Union Minister Sarbananda Sonowal, Ministry of products.
Ports, Shipping & Waterways(MoPSW), ✓ The revised Schedule M has been notified
committed an investment of Rs 45,000 crore for as rules to ensure 'Good Manufacturing
development of river cruise tourism in India. Practices (GMP) and Requirements of
✓ The Union Minister also launched 'Harit Premises, Plant and Equipment for
Nauka– Guidelines for Green Transition Pharmaceutical Products.'
of Inland Vessels' and 'River Cruise ✓ The medium and small manufacturers
Tourism Roadmap, 2047’ during the including those with an annual turnover of
meet. less than Rs. 250 crores will have to
implement the revised rules within 12
months from the date of publication;

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✓ Large manufacturers with an annual Indian Army Declares 2024 as the “Year of
turnover of over Rs. 250 crore will be given Technology Absorption” for Transformative
6 months to implement the changes. Change
The Indian Army has officially declared 2024 as
DGCA Revises New Flight Duty Time Rules for the "Year of Technology Absorption",
Flight Crew to Reduce Pilot Fatigue & Enhance symbolising a dedicated commitment to
Flight Safety integrating cutting-edge technologies, fostering
The Directorate General of Civil Aviation (DGCA) development, and promoting innovation. The
has introduced substantial revisions to its Flight objective is to transform the Indian Army into a
Duty Time Limitations (FDTL) Regulations’ to modern and agile force, with a strong emphasis on
address fatigue among pilots and crew and indigenization.
enhance overall flight safety. Note: The year 2023 was declared as the “Year of
✓ DGCA has increased the mandatory Transformation.”
weekly rest period for flight crew to 48
hours from the previous 36 hours.
✓ DGCA also cut the maximum flight duty
period to 10 hours from 13 hours for pilots
working at night (between 12 AM and 6
AM).
Timeline: The revised FDTL regulations are
effective immediately, and compliance is
mandatory by June 1, 2024.
✓ In addition, DGCA will soon transition
towards the adoption of a new regime of
fatigue management i.e. Fatigue Risk
Management System (FRMS), which will
be a data-driven approach to enhance
monitoring of flight crew fatigue.

Haldia Petrochemicals Becomes India’s First


ICG & SAIL Signs MoU to Increase Indigenous
Content Ship BSI Certified ISO 27001:2022 Petrochemical
Indian Coast Guard (ICG) and the Steel Authority Firm
Haldia Petrochemicals Limited (HPL) has become
of India Limited (SAIL) have signed a Memorandum
of Understanding (MoU) to enhance the the first International Organization for
Indigenous Content (IC) in the ship of ICG in New Standardization (ISO) / International
Electrotechnical Commission (IEC) 27001:2022
Delhi, Delhi. As per the MoU, SAIL will supply
indigenous marine-grade steel to Indian shipyards, certified petrochemical organisation in India.
✓ The certification was awarded by the
for ICG Ships.
United Kingdom (UK) based certification
body, British Standards Institution (BSI) in
a ceremony held in Kolkata, West Bengal
(WB).

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LPAI Releases Report on Gender-Inclusive Ports are also known as Integrated Check
Framework for Cross-Border Trade in India Posts(IPCs).
The Land Ports Authority of India (LPAI), working
under the aegis of Ministry of Home Affairs Maharashtra’s Pench Tiger Reserve Becomes
(MoHA), released a report title 'Engendering Land India's First Dark Sky Park
Ports in India', which highlights LPAI’s target to The Pench Tiger Reserve (PTR) in Maharashtra has
make all land ports gender friendly in the next 3 been designated as India's first Dark Sky Park and
years. Asia’s fifth park for protecting the night sky and
✓ The study aims for gender-inclusive preventing light pollution, making the place ideal
framework for cross-border trade and for astronomy enthusiasts.
tourism through land ports in India. Land

INTERNATIONAL AFFAIRS

FAO Food Price Index December 2023 stood at Overview of EAM S Jaishankar’s visit to Nepal
10.1% below 2022 levels on 4 & 5 January 2024
The Food and Agriculture Organization of the The Union External Affairs Minister (EAM) Dr.
United Nations (FAO) Food Price Index (FFPI) Subrahmanyam Jaishankar visited Nepal on 4 & 5
December 2023 stood at 118.5 points, 1.8 points January 2024. He was invited by the Foreign
(1.5%) lower than November 2023 level(120.3) Minister of Nepal, Narayan Prakash Saud to co-
and 13.3 points (10.1%) lower than December chair the 7th India-Nepal Commission meeting in
2022 level(130.4). Kathmandu.
✓ For 2023, FFPI stood at 124.0 points, 19.7 ✓ Nepal inked long term power deal with
points (13.7%) lower than the average India to export 10000 MW electricity over
value in 2022. 10 years.
✓ December 2023’s FAO Cereal Price Index ✓ India and Nepal signed four major
increased by 1.8 points(1.5%) from agreements that deal with areas such as
November 2023 level but 24.2 renewable energy, power, space and
points(16.6%) lower than December 2022 technology and for implementing High
level(147.3). Impact Community Development Projects
(HICDPs).
India & Saudi Arabia signed Bilateral Haj ✓ India will extend financial assistance of
Agreement 2024 in Jeddah USD 75 million to Nepal for reconstruction
On 7th January 2024, India and the Kingdom of efforts in earthquake hit-areas.
Saudi Arabia signed the Bilateral Haj Agreement
2024 under which a total quota of 1,75,025 India to Chair & Host UNESCO's World Heritage
pilgrims from India has been finalised for Haj 2024 Committee in July 2024
with 1,40,020 seats reserved for pilgrims to India is set to chair and host the 46th session of
proceed through Haj Committee whereas 35,005 the UNESCO (United Nations Educational,
pilgrims would be permitted to proceed through Scientific and Cultural Organization) World
private operators Heritage Committee from July 21–31, 2024 in
New Delhi, Delhi. This marks the first time for India

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to chair and host the UNESCO heritage Henley Passport Index 2024: Indian Passport
committee. Ranks 80th; Gives visa free Entry to 62
Bureau Members: countries
Chairperson- Vishal V Sharma(Permanent According to the Henley Passport Index 2024
Representative of India to UNESCO) Global Ranking, Indian passport is ranked 80th by
Rapporteur: Mr Martin Ouaklani (Belgium) providing visa-free or visas on arrival access to 62
Vice-Chairpersons: Bulgaria, Greece, Kenya, countries. India shares the 80th rank with
Qatar, Saint Vincent and the Grenadines Uzbekistan.
✓ Previously in 2023, India was ranked 83rd
Indore, Bhopal, Udaipur nominated for and provided visa free entry to 58
International Wetland City Accreditation countries.
Ministry of Environment, Forest and Climate ✓ The top spot is grabbed by 6 countries:
Change (MoEF&CC) has nominated three Indian France, Germany, Italy, Japan,
cities viz. Indore and Bhopal in Madhya Pradesh Singapore, and Spain with citizens
(MP) and Udaipur in Rajasthan for the Wetland enjoying visa-free access to 194 travel
City Accreditation (WCA) scheme under the destinations.
Ramsar Convention. These are the 1st three
Indian cities to be nominated for WCA.
✓ The WCA is a voluntary accreditation
system established by the Ramsar
Convention during the Conference of the
Contracting Parties (COP) 12, 2015

Indian Navy’s P-8I Participates in 4th Edition of


ASW Exercise Sea Dragon 24 at Guam, USA
The Indian Navy's (IN) P8I aircraft participate in
the on-going 4th edition of the anti-submarine
warfare (ASW) ‘Exercise Sea Dragon 24’ from
January 10th to January 22nd, 2024, held at
Anderson Air Force Base in Guam, United States
of America (USA).
✓ Sea Dragon is an annual, multinational
ASW exercise for Long Range Maritime India Ranks 2nd in MSCI EM Index; China Tops
Reconnaissance (MR) ASW aircraft India has secured a 2nd rank in the MSCI Emerging
conducted by the US Navy. Markets (EM) index by surpassing Taiwan. The first
✓ Participants: Six countries that are spot is grabbed by China.
participating in the exercise are India, USA, ✓ Top 5 countries in MSCI EM Index (8 Jan
Australia, Japan, Canada, and the Republic ‘24 ) – China (26.6), India (17.1), Taiwan
of Korea (South Korea). (15.8), South Korea (12.6), and Brazil (5.7).

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Dun & Bradstreet and Jupiter Wagons Unveiled conduct of bilateral international cadet
Indian Railway Freight Activity Index exchange programme.
Florida(United State of America)- based Dun & ✓ Letter of Arrangement was signed between
Bradstreet (D&B), in collaboration with Jupiter Defence Research and Development
Wagons Ltd., unveiled the Indian Railway Freight Organisation (DRDO), India and Defence
Activity (IRFA) Index during the 15th International Science and Technology Laboratory
Railway Equipment Exhibition (IREE 2023) in (DSTL), U.K. on defence collaboration in
Pragati Maidan, New Delhi, Delhi from 12th to Research and Development (R&D).
14th October 2023.
✓ The IRFA Index has become a first-of-its- IIT Madras to Establish New Campus in Kandy,
kind tool for monitoring and understanding Sri Lanka
the intricacies of Indian railway freight The Indian Institute of Technology Madras (IIT-
activity. Madras) based in Chennai, Tamil Nadu is set to
start a new campus of its Tech university in Kandy,
India and U.K. signed LoA and MoU for Defence Sri Lanka in 2024.
Collaboration in R&D and cadet exchange ILO Report Increases Global Unemployment
programme respectively Rate to 5.2% in 2024
Union Defence Minister Rajnath Singh made a two The International Labour Organization (ILO) has
day visit to the United Kingdom (U.K) on 9 & 10 released a report titled “World Employment and
January 2024 and held the bilateral meeting with Social Outlook: Trends 2024”. The report
his British Counterpart Grant Shapps. The visit projected slight increase in the global
also saw signing of LoA and MoU by both the unemployment rate to 5.2% in year 2024 as
countries. compared to 5.1% in year 2023.
✓ A Memorandum of Understanding (MoU) ✓ The report predicted that the number of
was signed between India and U.K. on unemployed individuals will increase by 2
million at global level in 2024.

BANKING & FINANCE

IRDAI Eases Norms for Investment in ADB Sells USD 5 Billion in Dual Tranche 3Yr and
Infrastructure by Insurance Companies 10Yr Bonds to Promote Development in the
The Insurance Regulatory and Development Region
Authority of India (IRDAI) has removed the The Asian Development Bank (ADB) sells a dual-
requirement of case-to-case approval for tranche global benchmark bond valued at USD 3
investment in Infrastructure Debt Funds Non- billion with a maturity of 3 years and at USD 2
Banking Financial Companies (IDF - NBFCs) by billion with a maturity of 10 years to raise USD 5
insurance companies. Billion to promote social and economic
✓ This is in line with the updated regulations development across its member countries in Asia
for IDF-NBFCs provided by the Reserve and the Pacific region.
Bank of India (RBI) effective from August
2023.

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Individual Income Inequality has declined IOB Introduced Savings Account Portability
during FY14-FY22: SBI ERD Report Online Scheme to Transfer Savings Account
On January 8, 2024, the State Bank of India (SBI) Online
Economic Research Department (ERD) released a Chennai (Tamil Nadu)-based public sector bank,
report titled ‘SBI Research: Debunking K-shaped Indian Overseas Bank (IOB) introduced a
recovery‘ which stated that individual income ‘Savings Account Portability Online’ scheme to
inequality in India has declined during 2013– simplify the savings account portability process
2014(FY14) to 2021–2022(FY22). for customers who move to different locations (for
✓ The Gini coefficient of taxable income, work or education).
which captured income inequality,
dropped from 0.472 to 0.402 during this Zerodha Fund House Launches India’s 1st
period. Growth Liquid ETF Scheme Named 'Zerodha
✓ 36.3% taxpayers moved to higher income Nifty 1D Rate Liquid ETF'
groups, leading to a 21.3% income Zerodha Fund House announced the launch of
increase. India’s 1st Growth Liquid Exchange-Traded Fund
✓ Top 2.5% taxpayers’ share dropped from (ETF) - Zerodha Nifty 1D Rate Liquid ETF, that offer
2.81% to 2.28% (2014–2021). a Growth Net Asset Value (NAV). The new scheme
follows Nifty 1D Rate Index, which measures the
RBI doubles Minimum Capital Requirement to returns generated by market participants lending
Rs 200 cr for SFBs in the overnight market, as its benchmark.
On January 8, 2024, the Reserve Bank of India ✓ The fund is expected to be listed on the
(RBI) increased the minimum capital requirement National Stock Exchange (NSE) and
for Small Finance Banks (SFBs) from Rs 100 crore Bombay Stock Exchange (BSE) exchanges
to Rs 200 crore, and permitted Payments Banks by the 24th January 2024.
to upgrade as SFBs.
✓ Urban Co-operative Banks (UCBs) Karnataka Bank & Digivriddhi Partners to offer
transitioning to Small Finance Banks Financial Service to Dairy Farmers
(SFBs) need an initial net worth of Rs 100 Karnataka Bank Limited (KBL) has partnered with
crore, to be increased to Rs 200 crore Digivriddhi Technologies Private Limited (DGV)
within five years. to offer financial services to support the
✓ Payments Banks, eligible as per guidelines, requirements of dairy farmers and Dairy Societies.
can apply for SFB conversion after five ✓ The services will be offered to the Village
years of operation. Dairy Co-operative Societies, associated
with Milk unions of Karnataka Milk
IndusInd Bank introduces Samman RuPay Federation (KMF). This partnership with
Credit Card for Government Employees DGV will enable the KBL to offer seamless
IndusInd Bank Limited in collaboration with and innovative end-to-end digital product
National Payments Corporation of India (NPCI) for dairy farmers.
has launched the Unified Payments Interface
(UPI)-enabled ‘IndusInd Bank Samman RuPay
Credit Card’ for government sector employees.

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SBI raising USD 300mn through medium Term National Rural Economic Transformation
bonds; S&P and Fitch assigned BBB Rating Project (NRETP).
State Bank of India(SBI) is raising around USD 300
million through medium-term notes to garner
resources for lending international customers.
✓ SBI raised USD 600 million through senior
unsecured fixed rate notes having maturity
of 5 years at a coupon of 5%

IPPB & Hindustan Zinc Partners to Offer


Financial Inclusion Services in Rajasthan
India Post Payments Bank (IPPB) and Hindustan
Zinc Limited (HZL) have signed a Memorandum of
Understanding (MoU) to transform the financial
landscape of rural Rajasthan. The MoU aims to
provide financial inclusion services to the
beneficiaries of HZL’s Corporate Social
Responsibility (CSR) activities.
Indian Bank in Collaboration with FPL-tech,
Note: IPPB is a 100% government owned entity
VISA & RuPay launches Indian Bank One Co-
under the Department of Posts, Ministry of
Branded Credit Card
Communication(MoC). HZL is a subsidiary of
Indian Bank in partnership with firms namely FPL
Vedanta Limited
Technologies Private Limited, Visa & National
Payments Corporation of India (NPCI) has
SBI Inks Pact with MoRD to Provide Loan Credit
launched the ‘Indian Bank One co-branded
Facility to SHGs
credit card’ to offer customized features to Indian
Ministry of Rural Development (MoRD) and State
consumers.
Bank of India (SBI) have signed a Memorandum of
✓ The co-branded card will be issued by
Understanding (MoU) to provide loans to rural
Indian Bank and managed by FPL
Self-Help Groups (SHGs).
Technologies. The metal credit card is
SBI unveils Specialised financial product:
powered by Visa and RuPay contactless
✓ SBI launched Svyam Siddha, a specialised
technology.
financial product developed exclusively for
women Self-Help Groups (SHGs). Its main
SBI Launches Green Rupee Term-Deposit FD
purpose is to provide access of financial
Scheme to Support Green Finance Ecosystem
assistance up to Rs 5 lakh to women
The State Bank of India (SBI) launched a special
entrepreneurs.
Fixed Deposit (FD) scheme named SBI Green
✓ Training Toolkit Package was launched to
Rupee Term Deposit (SGRTD), to mobilise funds
encourage SHG women entrepreneurs to
for environment-friendly projects and initiatives.
get access to formal financial assistance in
The SGRTD scheme is open to Resident
form of loans. It is developed in
individuals, Non-individuals, and Non-Resident
collaboration with International Finance
Indians (NRIs).
Corporation (IFC) under World Bank aided

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✓ The SGRTD scheme offers 3 distinct PFC Gets RBI Approval to Set-up Wholly-owned
tenors: 1,111 days, 1,777 days, and 2,222 Finance Company in Gujarat
days. It is initially available through SBI's Power Finance Corporation (PFC), a Maharatna
branch network. Central Public Sector Enterprises (CPSEs) has
received approval from the Reserve Bank of India
(RBI) to establish a wholly-owned finance
company at the International Financial Services
Centre (IFSC) in Gujarat International Finance Tec-
City (GIFT-City), Gujarat.

ECONOMY & BUSINESS

WB forecasts 2024 Global Growth to slow for Currency Index. As per the proposal, the inclusion
3rd Consecutive Year to 2.4%; India to Grow at of Indian government bonds will be a phased
6.4% in FY25 implementation plan spanning over 5 months
the World Bank (WB) has released its 'January, starting in September 2024.
2024 Global Economic Prospects' (GEP) report
projecting a third consecutive year of slowdown India's GDP to surpass USD 4 trillion in 2024-
for global Gross Domestic Product (GDP) growth 25: PHDCCI report
with a decrease to 2.4% in 2024. It was 2.6% in According to a PHD Chamber of Commerce and
2023, 3% in 2022 and 6.2% in 2021. Industry (PHDCCI) report, India's Gross domestic
✓ The WB has kept India’s GDP growth product (GDP) is expected to surpass USD 4
forecast unchanged at 6.3% for FY 2023- trillion in 2024-2025 and reach USD 5 trillion by
24 and 6.4% for FY 2024-25 driven by 2026-2027. It also projected India's GDP to reach
robust investment and services. It will edge USD 7 trillion by 2030, as India is committed to
up to 6.5% in FY26. attaining the status of a developed economy by
✓ Growth in South Asian Region (SAR) is 2047 under the initiative of ‘Viksit Bharat’.
expected to edge slightly lower to a still-
robust 5.6% in 2024, before firming Narayana Health Received IRDAI Approval to
to 5.9% in 2025. The report forecasts 2025 Launch Health Insurance Business
global growth slightly higher at 2.7%. Bengaluru(Karnataka)-based Narayana Health
Insurance Limited (Narayana One Health), a
Bloomberg Index Services Ltd to Include India's subsidiary of Narayana Hrudayalaya Limited, has
FAR Bonds into its EM Index from September received a license from the Insurance Regulatory
2024 and Development Authority of India (IRDAI) to
Bloomberg Index Services Ltd (BISL) proposed the operate independently as a health insurance
incorporation of India’s Fully Accessible Route company.
(FAR) bonds into its Emerging Market (EM) Local

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AWARDS & RECOGNITIONS

Former US President Barack Obama won 75th Bengali Writer Shirshendu Mukhopadhyay
Creative Arts Emmy Awards: Outstanding Named for 2023 Kuvempu Award
Narrator Bengali writer and novelist,
Barack Obama, former President of the United Shirshendhu Mukhopadhyay (87), has been
States of America(USA) (2009-2017), won the honoured with the Kuvempu Rashtriya Puraskar
75th Creative Arts Emmy Award under the 2023 by the Rashtrakavi Kuvempu Trust.
Outstanding Narrator category for his Netflix ✓ The award recognises the litterateurs who
documentary series title Working: What We Do All had contributed to any language
Day “The Middle”. recognised by the constitution of India. The
award includes a cash award of Rs 5 lakh,
Overview of 81st Golden Globe Award 2024: a silver medal and a citation.
Christopher Nolan’s “Oppenheimer” bagged 5
Awards President Droupadi Murmu Honoured Winners
81st edition of Golden Globe Awards (2024) held of Tenzing Norgay National Adventure Award
on 8th January, 2024 at the Beverly Hilton in 2022
Beverly Hills, California, United States of America Droupadi Murmu, President of India, honoured the
(U.S.A.). Four winners of Tenzing Norgay National
✓ Five-time Oscar nominee Christopher Adventure Award (TNNAA) 2022 during the Sports
Nolan’s film “Oppenheimer” steals the and Adventure Award 2023 event held in
entire spotlight at 81st Golden Globe Rashtrapati Bhavan, New Delhi, Delhi.
Awards by securing 5 awards in coveted Winners of TNNAA 2022:
categories such as: Best Film in Drama,
Best Actor in Drama, Best Supporting Actor FIFA President Gianni Infantino Receives Award
and for best original score by Ludwig for International Sports Personality for 2023 in
Goranson. Dubai
✓ Greta Gerwig’s film Barbie became the 1st Gianni Infantino, President of the International
film to win “Cinematic and Box Office Federation of Association Fo
Achievement” at Golden Globes. S.No Winner Name Category State
✓ Cillian Murphy won the Golden Globe for
Late Ms. Savita
best male actor in Drama for his role as the
Kanswal Land Uttarkashi,
father of the atomic bomb ”J. Robert 1 (Posthumous) Adventure Uttarakhand
Oppenheimer”. Lily Gladstone won best
female actor in Drama for Martin Vijayawada,
Scorsese’s Killers of the Flower Tulsi Chaitanya Water Andhra
2 Mothukuri Adventure Pradesh
Moon.Click Here to read full news
Anshu Kumar Gopalganj,
3 Tiwari Air Adventure Bihar

Kangra,
Lifetime Himachal
4 Praveen Singh Achievement Pradesh

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otball (FIFA), received the Award for International Sports Awards held in Dubai, the United Arab
Sports Personality for 2023 at the 12th annual Emirates (UAE).
Mohammed Bin Rashid Al Maktoum Creative

APPOINTMENTS & RESIGNATIONS

Sheikh Hasina won 5th Term as the Prime Justice BR Gavai Nominated As Chairperson of
Minister of Bangladesh SCLSC; Justice Sanjiv Khanna Nominated as
Sheikh Hasina (76) , President of Executive Chairman of NALSA
Awami League and incumbent The National Legal Services
Prime Minister of Bangladesh Authority (NALSA) has
has been re-elected as the PM nominated Justice Bhushan
for the 5th term. This also Ramakrishna (BR) Gavai, a
marks’s her 4th consecutive term as PM of judge of the Supreme Court of
Bangladesh. With this win, Sheikh Hasina retains India, as the Chairman of the
her title as world's longest-serving female head of Supreme Court Legal Services Committee
state. (SCLSC). He succeeds Justice Sanjiv Khanna, the
senior most puisne judge of the Supreme court.
Former IPL official Raghuram Iyer Appointed as ✓ The President of India, Droupadi Murmu, in
CEO of IOA exercise of the powers conferred under
The Indian Olympic Clause (b) of sub-section (2) of Section 3
Association (IOA) appointed of the Legal Services Authorities Act, 1987
Raghuram Iyer as the its Chief has nominated Justice Sanjiv Khanna as
Executive Officer the Executive Chairperson of NALSA with
(CEO). Previously, he has effect from 26th December 2023. He
served as the CEO of Indian succeeds Justice Sanjay Kishan Kaul, who
Premier League (IPL) teams such as Rajasthan retired on 25th December 2023.
Royals, Lucknow Super Giants and Rising Pune
Supergiant. ACC Appoints Aruna Nayar as Secretary to
✓ Prior to this appointment, the functions of Railway Board in IRMS
the CEO at IOA were managed by The Appointments Committee of Cabinet (ACC)
Kalyan Chaubey, the joint secretary of the has appointed Aruna Nayar, Indian Railway
IOA and the President of the All India Personnel Service (IRPS) Officer of 1987 Batch, as
Football Federation (AIFF). Secretary to Railway Board in Indian Railway
Management Service (IRMS) Level-16 with effect
from 6th January 2024. Aruna Nayar is the 1st
IRPS officer to be empanelled in IRMS at Level 16.

Gabriel Attal Appointed as Youngest-ever PM of


France; PM Élisabeth Borne Resigns
French President Emmanuel Macron has
appointed 34-year-old Gabriel Attal as the New
Prime Minister (PM) of France. With this, Attal

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becomes the youngest-ever PM Bengal Initiative for Multi-


of France since the founding of Sectoral Technical and
the French Fifth Republic in Economic Cooperation
1958. (BIMSTEC).
✓ Gabriel Attal replaces ✓ With this, Pandey
Élisabeth Borne, who resigned becomes the first
after 20 months in office on 8 January Indian to hold the post. He will remain SG
2024. She was appointed as the PM of for a period of 3 years.
France in May 2022. ✓ He succeeds Tenzin Lekphell of Bhutan,
who served as the 3rd SG of BIMSTEC from
Indra Mani Pandey appointed as 4th SG of 6 November 2020 to 5 November 2023.
BIMSTEC; becomes 1st Indian to hold the post
Ambassador Indra Mani Pandey took charge as
the 4th Secretary General (SG) of the Bay of

ACQUISITIONS & MERGERS

Canada’s Brookfield set to Acquire ATC India for


USD 2.5 bn LIC to pick up to 10% equity stake in NHB
Canada-based Brookfield Asset promoted ‘RMBS’ entity
Management(BAM) through its affiliate Data The Board of Directors of Life Insurance
Infrastructure Trust(DIT) is set to fully acquire the Corporation of India (LIC) approved
Indian unit of American Tower Corporation (ATC) the proposal to acquire up to 10% equity stake in
for an enterprise value of around USD 2.5 Billion. a company promoted by the National Housing
Bank (NHB). The investment in the NHB promoted
ACC Acquires Remaining 55% Stake in ACCPL company would focus on residential mortgage-
at an Enterprise Value of Rs. 775 Cr backed securities (RMBS).
ACC Limited, a subsidiary of Adani-owned
Ambuja Cements Limited, acquired the remaining CCI Approved Acquisition of 30% Stake in
55% stake (valued at Rs 425.96 crores) in Asian Signet by IMCD India
Concretes and Cements Private Limited (ACCPL) The Competition Commission of India (CCI) has
from its existing promoter at an enterprise value of approved the acquisition of the remaining 30%
Rs. 775 crores, making it a fully-owned paid-up share capital in Mumbai(Maharashtra)
subsidiary. The acquisition has been completely based Signet Excipients Private Limited (Signet)
funded by internal accruals and includes cash and by Mumbai-based IMCD India Private Limited
equivalents of Rs 35 crore with at Asian (IMCD India).
Concretes.

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SCIENCE & TECHNOLOGY

NASA Tested Rotating Detonation Rocket ✓ The rifle was developed based on the
Engine in USA General Staff Qualitative Requirements
National Aeronautics and Space Administration (GSQRs) issued by the Indian Army for
(NASA) has successfully tested the 3- assault rifles.
dimensionally (3-D) printed innovative propulsion
system called “Rotating Detonation Rocket Engine Swedish Researchers Developed Electronic Soil
(RDRE)” at Marshall Space Flight Center in for Hydroponics
Huntsville, Alabama, the United States of America Researchers from Sweden’s Linköping
(USA). University, have developed an electrically
✓ RDRE is NASA’s first engine which conductive growing medium called electronic soil
generates thrust using a supersonic (e-Soil) which finds its application in soil-less
combustion phenomenon known as a gardening or hydroponics.
detonation.
ISRO successfully Tests Fuel Cell based Power
NASA Launched Peregrine Mission One to Moon System in Space
with Five Payloads Indian Space Research Organisation (ISRO) has
The National Aeronautics and Space tested a 100-watt(W) class Polymer Electrolyte
Administration (NASA) launched five payloads to Membrane Fuel Cell based Power
soft land on the Moon’s surface aboard Peregrine System (FCPS) to assess its operation in space
Mission One (PM1) (TO2-AB). The mission was and to collect data to facilitate the design of
launched through United Launch Alliance systems for future missions.
(ULA)’s Vulcan Centaur Launch Vehicle (VC2S) ✓ The test was carried out in ISRO’s orbital
from Cape Canaveral, Florida, United States of platform, PSLV Orbital Experimental
America (USA). Module-3 (POEM3) which was launched
✓ This is the first launch of NASA under the onboard Polar Satellite Launch
Commercial Lunar Payload Vehicle (PSLV)-C58 from Satish Dhawan
Services(CLPS) Initiative. Space Centre in Sriharikota, Andhra
✓ PM1 is the first commercial mission of Pradesh on 1st January 2024.
Astrobotic Technology to land on another ✓ ISRO’s Vikram Sarabhai Space
planetary body. Centre (VSSC) has tested 10 Ampere Hour
(Ah) Silicon(Si)–Graphite anode based
DRDO launches Assault Rifle 'Ugram' for Indian High Energy Density Lithium(Li)-ion cells
Army through the POEM3 experiment to assess
he Defence Research and Development the anode’s capability to survive and
Organisation (DRDO) launched the "Ugram perform in the space environment.
(ferocious)" assault rifle for the Indian Army (IA). It
has been developed by Armament Research and Indian Navy Received the 1st Indigenous Drishti
Development Establishment (ARDE), Pune, 10 Starliner Drone from Adani Defence and
Maharashtra and a Hyderabad-based private firm Aerospace
Dvipa Armour India Private Limited (DAIPL). The Indian Navy received Drishti 10 Starliner (also
known as Elbit Hermes 900), the 1st

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indigenously manufactured Medium Altitude Long China’s OrienSpace Launches its Maiden
Endurance (MALE) Unmanned Aerial Vehicle Rocket Gravity-1
(UAV), manufactured at the Adani Defence and OrienSpace, a Chinese space startup firm has
Aerospace(ADA) facility in Hyderabad, Telangana. launched its maiden rocket Gravity-1(Yinli-1) from
✓ The Drishti 10 drones were produced by Defu-15002 the mobile sea platform off the coast
Adani Group in partnership with Israel's of Haiyang (Yellow Sea) in the eastern Shandong
Elbit Systems. In 2023, Ministry of province of China.
Defence(MoD) and ADA signed a contract
to suppy four MALE drones for Indian Army DRDO Conducts Successful Flight-test of New
and Navy (2 each). Generation AKASH Missile off Odisha coast
The Defence Research and Development
NSPAAD Launches ‘Report Fish Organisation (DRDO) successfully conducted a
Disease’ Mobile App to Monitor Disease flight test of the New Generation AKASH (AKASH-
Outbreaks NG) missile from the Integrated Test Range (ITR) in
The National Surveillance Programme for Aquatic Chandipur off the coast of Odisha.
Animal Diseases (NSPAAD) project has Akash Weapon System is indigenously designed
introduced a mobile app ‘Report Fish and developed by the DRDO and produced by
Disease’ (RFD) to track and monitor fish diseases defense public sector units and other industries.
across India.
✓ The app has been developed by Mitsubishi Heavy Industries Launches H-IIA
ICAR(Indian Council of Agricultural Rocket Carrying Japan's IGS
Research)-NBFGR(National Bureau of Fish Mitsubishi Heavy Industries Limited has launched
Genetic Resources) in Lucknow (Uttar an H-IIA rocket carrying Japan’s Cabinet Satellite
Pradesh)under the NSPAAD, funded under Information Center’s Information-Gathering
Pradhan Mantri Matsya Sampada Satellite (IGS) "Optical-8" into a 500-kilometre-
Yojana(PMMSY) by the Department of altitude sun-synchronous orbit (SSO) from
Fisheries, Ministry of Fisheries, Animal Tanegashima Space Centre (TNSC) in Japan on
Husbandry and Dairying (MoFAH&D), 12th January 2024.
Government of India.

ENVIRONMENT

New butterfly species ‘Cigaritis Conjuncta’ Wildlife Sanctuary in Kodagu district (also known
Discovered in Bramhagiri Wildlife Sanctuary as Coorg), Karnataka.
Researchers from the National Centre for ✓ The new species is named after its most
Biological Sciences (NCBS) in Bengaluru, “unique” feature: the “conjoined” bands on
Karnataka, have discovered a new butterfly its wings. The findings about the new
species Cigaritis conjuncta (also known as species were published in ‘Zootaxa’, a
Conjoined Silverline butterfly) in Bramhagiri peer-reviewed international journal on
10th January 2023.

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SPORTS

Australian Cricketer David Warner Retires from ✓ In the women's singles finals, Poland’s
ODI & Test Cricket Iga Swiatek(1st in WTA ranking) defeated
Australian batsman David Warner announced his Angelique Kerber (Germany).
retirement from one-day international (ODI) ✓ In the mixed doubles event, Alexander
cricket and test cricket during his last test match Zverev and Laura Siegemund (Germany)
against Pakistan, held from 3-6 January 2024 in defeated Hubert Hurkacz and Iga Swiatek
Sydney, Australia. David Warner holds the record (Poland) in the finals.
for Australia's second-highest run scorer across
all three formats(ODI,T20I and Test) with 18,612 Overview of India tour of South Africa 10th Dec
runs, behind Ricky Ponting (27,483 runs). 2023 - 7th January 2024
The Indian cricket team toured South Africa from
Germany wins United Cup 2024 title by 10th December 2023 to 07th January 2024 to play
Defeating Poland in Finals Three Twenty20 International (T20I), Three One
The German tennis team won the United Cup Day International (ODI), and two test matches.
2024 title by defeating Poland 2-1 in the finals ✓ Indian cricket team won the ODI series
held at the Ken Rosewall Arena in Sydney, while T20I and test series ended in a draw.
Australia. The second edition of the United Cup ✓ South African former Test captain Dean
was held from 29th December 2023 - 7th January Elgar has announced his retirement from
2024 in Perth and Sydney, Australia. international cricket after the last test
✓ Germany'sAlexander Zverev (6th in the match against India.
ATP ranking) defeated Poland’s Hubert ✓ South African batsman Heinrich Klaasen
Hurkacz (9th ranked) in the men’s singles has announced his retirement from Test
finals. cricket. He continues to play in ODI and
T20I matches.

OBITUARY

Mario Zagallo, Brazil’s World Cup Winning Head coach/Manager (1970 – Mexico) and
Football Player & Coach Passed Away one as an assistant coach (1994 - the
Former Brazilian Football player, coach and United States of America/USA) for Brazil.
Manager Mário Jorge Lobo Zagallo,who won 4 ii.He was the first person to win the World Cup as
World Cup titles, passed away at the age of 92 in both a player and a Manager. In 1992 Zagallo
Rio de Janeiro, Brazil. Mario Zagallo, nicknamed received the FIFA Order of Merit, the highest
‘Old Wolf’ & “The Professor”, was born on honor awarded by FIFA, for his contributions to
August 9, 1931, in Maceio, Brazil. football.
Mario Zagallo’s World Cup records:
i.He was a part of the Brazilian Football team that Franz Beckenbauer, Germany’s World Cup
won Four Federation Internationale de Football Winning Football Player & Manager, Passed
Association(FIFA) World Cup titles. Away
✓ He won two World Cups (1958 - Sweden Former German football player and
and 1962 - Chile) as a player, one as a manager Franz Beckenbauer, who won Two

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World Cup titles, passed away at the age of 78 in ✓ Ustad Rashid Khan was awarded the
Salzburg, Austria. He was born on 11 September Padma Shri, the fourth highest civilian
1945 in Munich, Germany. He was nicknamed award, in 2006 and Padma Bhushan, the
"Der Kaiser" (“The Emperor”), who invented a new third highest civilian award in 2022 in the
style of play as a central defensive sweeper role or field of arts.
‘libero’, where he found the most success. ✓ Rashid Khan received the
✓ He captained the West Germany national Sangeet Natak Akademi Award in 2006
team which won the Federation for his contribution to Hindustani vocal
Internationale de Football music.
Association(FIFA) World Cup in 1974 held
in Munich, Germany. He was the Manager Renowned Hindi Poet Hariram Dwivedi Passed
of the West Germany Football team that Away
won the World Cup 1990 held in Italy. Noted Hindi and Bhojpuri poet, lyricist and
litterateur Pandit Hariram Dwivedi passed away
Music Maestro & Padma Awardee Ustad Rashid in Uttar Pradesh (UP). He was born on 12th March
Khan Passed Away 1936 in Sherwan village of UP. Hariram Dwivedi
Renowned Hindustani classical singer and music was conferred with
maestro, and Padma awardee, Ustad Rashid Sahitya Akademi’s Bhasha Samman 2013 for his
Khan (55) passed away in Kolkata, West Bengal. contribution to Bhojpuri language and literature.
He was born on 1st July 1968, in Badaun, Uttar
Pradesh (UP).

BOOKS & AUTHORS

Union Minister Bhupendra Yadav launches book


titled 'Modi: Energising a Green Future' Union Minister Giriraj Singh Releases
The Union Minister Bhupender Yadav, Ministry of “Panchayats Free From GBV – A Handbook for
Environment, Forest and Climate Change Elected Representatives”
(MoEF&CC) unveiled a book titled “Modi Union Minister Giriraj Singh, Ministry of Panchayati
Energising A Green Future”, published by Raj (MoPR) released a handbook titled
Pentagon Press in association with Dr. Shyama “Panchayats Free From Gender-Based Violence
Prasad Mookerjee Research Foundation. (GBV) - A Handbook for Elected Representatives”
✓ The book was edited by RK Pachnanda, during the virtual inauguration of the one-day
former chairman of the Haryana Electricity National Workshop on Role of Panchayati Raj
Regulatory Commission, Bibek Debroy, Institutions in Addressing Gender-Based Violence
chairman of the Economic Advisory (GBV) in New Delhi, Delhi.
Council to the Prime Minister(PM), Anirban
Ganguly, and Uttam Kumar Sinha.

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IMPORTANT DAYS

Pravasi Bharatiya Divas 2024- January 9 National Road Safety Week - January 11 to 17
Pravasi Bharatiya Divas (PBD), also known as 2024
Non-Resident Indian (NRI) Day, is celebrated on National Road Safety Week is annually observed
9 January to recognise the remarkable across India from 11–17 January to raise
contributions and accomplishments of the awareness about the importance of road safety
Overseas Indian community (Indian diaspora) and highlight the significance of road safety
across the world to the development of India. measures to prevent and reduce road accidents
✓ PBD Convention is the flagship event of the and save lives.
Ministry of External Affairs (MEA), ✓ 2024 marks the observance of the 35th
Government of India (GoI). National Road Safety Week. The first-
ever National Road Safety Week was
Earth’s Rotation Day 2024 - January 8 observed by the MoRTH in 1989.
Earth's Rotation Day is annually observed across ✓ The annual observance is led by the
the globe on 8 January to highlight the significance Ministry of Road Transport and Highways
of Earth's rotational motion. It commemorates the (MoRTH) to promote road safety practices.
anniversary of the scientific demonstration of ✓ National Road Safety Month (RSM) was
Earth's rotation by the French physicist Léon introduced by the MoRTH to sensitize
Foucault in 1851. citizens and road users about the severity
✓ Earth's Rotation Day 2024 observed on 8th of the challenges of road safety. In 2024
January 2024 commemorates 173rd the National RSM will be observed from
anniversary of Léon Foucault‘s the 15th January to 14th February 2024.
demonstration.
National Youth Day 2024- January 12
World Hindi Day 2024- January 10 National Youth Day is annually celebrated across
World Hindi Day or Vishwa Hindi Diwas is India on 12 January to commemorate the birth
annually observed across the globe on 10 January anniversary of Swami Vivekananda, a Hindu
to highlight and educate the importance of the spiritual leader, Philosopher, and social reformer
Hindi language and honour the contributions of in India, who played a crucial role in shaping
Hindi speakers across the globe. modern India. The day is also known as
The first-ever World Hindi Day was celebrated on Vivekananda Jayanti.
10 January 2006. Since then, World Hindi Day has ✓ 12 January 2024 marks the 161st birth
been celebrated by the Ministry of External Affairs anniversary of Swami Vivekananda. The
(MEA), which organises events and activities to first-ever National Youth Day was
promote the language. observed on 12 January 1985.

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STATE NEWS

Baayu: Assam launched India’s 1st 100% Odisha Govt Signs MoU with NDDB to Set up
Electric Bike Taxi Service new GMP facility to Produce Anthrax & ENT
Assam State Transport Corporation (ASTC) has Vaccines
launched an initiative called ‘Baayu’ a Clean Air The Fisheries and Animal Resources
Movement to improve air quality in Assam’s cities. Development (ARD) Department of the
✓ It is India’s First 100% electric and Government of Odisha signed a Memorandum of
decentralized open mobility electric bike Understanding (MoU) with the National Dairy
(e-bike) taxi service. Development Board (NDDB) for establishing a
✓ The e-bike taxi service was launched by Good Manufacturing Practice (GMP) facility.
Parimal Suklabaidya, Minister of ✓ The GMP facility is for the production of
Transport of Assam Government, in Anthrax and Enterotoxaemia (ENT)
Guwahati, Assam. vaccines at the Satellite Unit of Odisha
✓ Baayu Clean Air Movement is a sustainable Biological Products Institute (OBPI) in
mobility initiative launched by ASTC in Berhampur.
collaboration with Guwahati based
Bikozee Ecotech Private Limited led by WB CM Mamata Banerjee Launches 'Yogyasree'
the Department of Transport, Government for SC/ST students in West Bengal
of Assam. The Chief Minister (CM) of West Bengal (WB)
Mamata Banerjee launched a new social welfare
Bengaluru Suburban Rail Project: India’s 1st 31- scheme 'Yogyasree' during a programme in
metre U-girder Successfully Cast Kolkata, WB. Yogyasree is a free training module
On 6th January 2024, for the 1st time in India, a 3 for the Scheduled Caste (SC) and Scheduled Tribe
1-metre, single-span U-girder was successfully (ST) students in WB for various entrance and
cast at the casting yard in Devanahalli for the competitive examinations.
Bengaluru Suburban Rail Project (BSRP). So far,
28-metre U- girders have been used in metro Punjab Becomes 1st State to Map All Accident-
projects across India. For the first time, BSRP has Prone Sites in Mappls
decided to use the 31m U girder. Punjab has become the first state in India to map
all 784 accident black spots on the mobile
Gujarat CM Bhupendra Patel Inaugurated the application “Mappls”, a navigation system
International Kite Festival 2024 in Ahmedabad developed by C. E. Info Systems
Chief Minister(CM) of Gujarat, Bhupendrabhai Limited(MapmyIndia). Punjab Police
Patel has inaugurated the International Kite collaborated with MapmyIndia for real-time traffic
Festival 2024 at Sabarmati Riverfront, Vallabh updates and alerts on the Mappls App about Black
Sadan in Ahmedabad, Gujarat. The festival will be and Blind spots.
held from 7th to 14th January 2024 in Ahmedabad.
Assam CM unveils ‘Mukhya Mantri Mahila
Udyamita Abhiyan’ scheme to assist women of
SGH
The Chief Minister (CM) of Assam
Himanta Biswa Sarma launched

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a 'Mukhya Mantri Mahila Udyamita Abhiyan' help them become 'lakhpati baidos (elder sister)'.
scheme to develop 4 million Self-Help-Group Under the scheme, eligible women gets Rs 35,000
(SHG) women as rural micro-entrepreneurs and over three years.

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Current Affairs Weekly PDF – January 2024 – 3rd Week


(17 – 23)
NATIONAL AFFAIRS

Indian & Japan Coast Guards Conducts Joint Department for Promotion of Industry and Internal
‘Exercise Sahyog Kaijin' off Chennai Coast Trade (DPIIT), Ministry of Commerce and Industry
The Indian Coast Guard (ICG) and Japan Coast (MoCI) during an event at Bharat Mandapam in
Guard (JCG) conducted a 5-day annual joint New Delhi, Delhi.
exercise, 'Sahyog Kaijin,' off the coast of ✓ In the State’s Startup Ranking 2022,
Chennai, Tamil Nadu from 8–12 January 2024. Gujarat, Karnataka Kerala, and Tamil
This marks the 20th edition joint exercise Nadu (TN) emerged as the best-performing
between the Japanese and Indian Coast Guards States in Category A (Population above 1
since its institution in 2000. Cr) for developing startup ecosystems for
✓ Note: The 19th Sahyog-Kaijin joint exercise budding entrepreneurs while Himachal
was conducted off the Chennai coast on Pradesh is emerged as the best performer
January 2020. in Category B (Population below 1 Cr).
List of States’ Startup Ranking 2022 Results:
MNRE launches Rs 515-cr Solar Scheme for Category Category A Category B
Electrification of Houses in PVTG Areas Gujarat,
The Ministry of New and Renewable Energy Karnataka,
(MNRE) has launched the ‘New Solar Power Best Kerala, and Tamil Himachal
Scheme’ with an outlay of Rs 515 crore for Performers Nadu (TN) Pradesh (HP)
electrification in habitations and villages of Maharashtra,
Particularly Vulnerable Tribal Groups (PVTG). Odisha, Punjab, Arunachal
✓ The scheme was launched under the Top Rajasthan, and Pradesh (AR) and
Performers Telangana Meghalaya
Pradhan Mantri Janjati Adivasi Nyaya
Andhra Pradesh
Abhiyan (PM-JANMAN) programme.
(AP), Assam,
✓ The scheme launched for the tenure
Madhya Pradesh
expanding from Financial Year 2023-24 (MP), Uttar
(FY24) to Financial Year 2025-26 (FY26). Pradesh (UP), and Goa, Manipur,
Leader Uttarakhand and Tripura
Gujarat, Kerala, Karnataka are Best Performing Andaman and
States in Startup Ranking 2022; National Aspiring Bihar and Nicobar Islands,
Startup Awards 2023 Announced Leader Haryana and Nagaland
On the occasion of 8th National Startup Day 2024 Chandigarh,
i.e. on January 16, 2024, the results of the 4th Dadra and Nagar
Haveli and
edition of 'States’ Startup Ranking 2022- On
Daman and Diu,
support to Startup Ecosystems of States and Ladakh,
Union Territories' & 4th 'National Startup Awards Chhattisgarh, Mizoram,
(NSA) 2023- Celebrating Achievers Ahead of the Emerging Delhi, and Jammu Puducherry, and
Curve' were declared by Startup India, Ecosystems and Kashmir (J&K) Sikkim

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National Startup Awards 2023 DEPWD and NHRDN Join Hands to Offer
✓ The winning startups will get Rs 10 Lakh Employment Oppurtunity for Divyangjans
✓ NSA was launched in 2020 by DPIIT. The Department of Empowerment of Persons with
Click here to read full News Disabilities (DEPWD) under the Ministry of Social
Justice & Empowerment (MoSJE) and the National
Defence Minister Rajnath Singh Approves Human Resources Development
Proposal to Launch Group (Term) Insurance Network (NHRDN) have signed a Memorandum of
Scheme for CPLs Engaged by BRO Understanding (MoU) to provide employment
Union Minister Rajnath Singh, Ministry of Defence opportunities for Persons with
(MoD), approved the proposal to launch Group Disabilities (Divyangjans).
(Term) Insurance Scheme for Casual Paid • The employment opportunities will be
Labourers (CPLs) engaged by Border Roads offered through PM-DAKSH-
Organisation(BRO)/General Reserve Engineer DEPWD digital portal of DEPWD by
Force(GREF) for their ongoing projects. The connecting with Human Resources
scheme provides Rs 10 lakh as insurance to (HR) professionals across India.
CPLs'families/Next of Kin in case of death.
Overview of PM Narendra Modi’s Visit to
INS Cheetah, Guldar and Kumbhir Maharashtra
Decommissioned in A&N Prime Minister (PM) Narendra Modi was on an
Three Indian Navy Ships (INS) namely INS official visit to Maharashtra on January 12, 2024.
Cheetah, INS Guldar and INS Kumbhir were ✓ During his visit, PM Modi inaugurated Atal
decommissioned simultaneously during a Bihari Vajpayee Sewri-Nhava Sheva Atal
ceremony conducted at Port Blair, Andaman & Setu in Navi Mumbai, Maharashtra. This
Nicobar (A&N). All three ships rendered nearly 40 21.8 km long 6-lane bridge becomes the
years of glorious service to India. longest bridge and the longest sea bridge in
✓ All three ships were built at Gdynia India.
Shipyard, Poland; They belonged to the ✓ PM Modi inaugurated Bharat Ratnam
Polnocny class Landing Ships. which is a Mega Common Facilitation
Center (CFC) for the gems and jewellery
NITI Aayog Report: Over 24.8 Cr People Moved sector at Santacruz Electronic Export
Out of Multidimensional Poverty in 9 Years Processing Zone- Special Economic Zone
The National Institution for Transforming India’s (SEEPZ- SEZ) in Mumbai.
(NITI Aayog) discussion paper on the National ✓ PM Modi launched the Nari Shakti Doot
Multidimensional Poverty Index (MPI), ‘National mobile application. The app is the
Multidimensional Poverty: A Progress Review - brainchild of Aditi Thakre, Minister for
2023,’ has reduced India’s Multidimensional Women and Child Development,
poverty from 29.17% (2013-14) to 11.28% (2022- Maharashtra.
23), with about 24.82 crore individuals emerged ✓ PM Modi launched Namo Mahila
from poverty during this transformative period. Shashaktikaran Abhiyan to boost women
✓ At the State level, Uttar Pradesh leads the empowerment in Maharashtra by providing
list with 5.94 crore people escaping skill development training and exposure to
poverty, followed by Bihar at 3.77 crore entrepreneurship development.
and Madhya Pradesh at 2.30 crore.

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✓ PM Modi inaugurated the 27th National National Highways Authority of India


Youth Festival organised as a part of the (NHAI).
National Youth Day 2024 (12th January
2024) in Nashik, Maharashtra.

Union Minister Rao Inderjit Singh launched


Mobile App for MPLADS Scheme
The Union Minister of State(MoS)(Independent
Charge) Rao Inderjit Singh, Ministry of Statistics
and Programme Implementation (MoSPI) has
launched the MPLADS e-SAKSHI Mobile
Application (app) in New Delhi, Delhi.

Indian-Thai Navy’s First Bilateral Exercise "Ex-


Ayutthaya" Conducted
The Indian Navy (IN) and Royal Thai Navy (RTN)
conducted a maiden bilateral exercise, named
'Ex-Ayutthaya' from 20th to 23rd December
India Meteorological Department’s 150th
2023. The 36th edition of India-Thailand
Foundation Day - 15th January 2024
Coordinated Patrol (Indo-Thai CORPAT) was also
The India Meteorological Department (IMD), under
conducted along with the Exercise Ayutthaya.
the Ministry of Earth Sciences (MoES), celebrated
its 150th Foundation Day commemorating 150
NHAI Launches ‘One Vehicle One FASTag’
years of its establishment and service to the
Initiative to Enhance National Highway
nation. Vice President Jagdeep Dhankar Released
Experience
the theme song of IMD. He also Launched
The National Highway Authority of India (NHAI)
the Souvenir on Evolution of IMD and its services
launched the ‘One Vehicle, One FASTag’ initiative
since 1875.
to discourage user behavior of using a single
VP also released and launched the following
FASTag for multiple vehicles or linking multiple
✓ Indigenously developed Decision Support
FASTags to a particular vehicle.
System (DSS) called Weather Analysis and
Forecast Enabling System (WAFES),
India’s First National Highway Steel Slag Road
inspired by Pancha Mahabhuta i.e. Water,
Section on NH66 Unveiled
Air, Fire, Earth and Sky.
Dr. V.K. Saraswat, Member (S&T), NITI Aayog
✓ Panchayat Mausam Seva Portal for
(National Institution for Transforming India),
farmers developed by IMD, MoES, Ministry
inaugurated India’s 1st National Highway Steel
of Panchayati Raj (MoPR), and Green Alert
Slag Road section on National Highway (NH)-66
Mausam Sewa.
connecting Mumbai-Goa. The four lane road
✓ IMD launched MAUSAM, an integrated GIS
stretches for about 1 kilometre on Indapur-Panvel
based mobile app.
Section of NH-66.
✓ IMD launched National Framework of
✓ The project was sponsored by the Ministry
Climate Services (NFCS) to control
of Steel (MoS) and supported by the

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losses due to climate hazards and extreme addressing multidisciplinary scientific and
weather events. technological issues.

Horticulture production in 2022-23 is estimated Cabinet Approvals on January 18, 2024


to be 2.32% higher to 355.25 Million Tonnes On January 18, 2024, the Union Cabinet chaired by
The Ministry of Agriculture and Farmers’ Prime Minister (PM) of India, Narendra Modi, has
Welfare (MoA&FW) released the Third Advance approved the following proposals:
Estimate of Area and Production of Various ✓ The Union Cabinet has approved the
Horticultural Crops for 2022–23. creation of three posts at the level of Joint
✓ The estimation of total horticulture Secretary i.e. two posts of Joint Secretary
production for 2022–23 is 355.25 million and one post of Economic Adviser for the
tonnes, which is about 8.07 million tonnes 16th Finance Commission
more (an increase of 2.32%) than 2021–22 ✓ Memorandum of Understanding (MoU)
(final). between India and the European
✓ The total area of horticulture also Commission on Working Arrangements on
increased marginally in 2022–23 (the third Semiconductors Ecosystems
advance estimate) to 28.34 million ✓ MoU between India and Kenya on sharing
hectares from 28.04 million hectares in successful Digital Solutions implemented
the 2021–22 (final) estimates. at Population Scale for Digital
Transformation.
MeitY Secretary launches India's First Graphene ✓ Memorandum of Intent (MoI) between
Centre, IIoT CoE in Kerala India and Netherlands on cooperation in
The two flagship programs namely “Centre of the field of Medical Products Regulation.
Excellence (CoE) in Intelligent Internet of Things ✓ MoU between India and Ecuador on
(IIoT) Sensors” and India’s first Graphene Centre cooperation in the field of Medical
“India Innovation Centre for Graphene (IICG)” Products Regulation.
were launched by S Krishnan, Secretary, Ministry ✓ Equity investment by South Eastern
of Electronics and Information Technology (MeitY) Coalfields Limited (SECL), Mahanadi
in Kochi, Kerala. Coalfields Limited (MCL) and Coal India
✓ IICG is funded by MeitY, Government of Limited (CIL).Click here to read full News
India (GoI), State Government of Kerala
and Tata Steel Limited, in association with NFWPIS, IndiaAI & Wadhwani Foundation
various industries. Signed Tripartite MoU to Leverage AI in Agri
Sector
AFMS & AIIMS Signed MoU to Address Scientific A tripartite memorandum of understanding (MoU)
and Technological Issues was signed between the National Farmers’
Armed Forces Medical Services (AFMS) under the Welfare Programme Implementation Society
Ministry of Defence (MoD) and All India Institute of (NFWPIS), IndiaAI under Digital India
Medical Sciences (AIIMS), New Delhi, Delhi Corporation(DIC), and the Wadhwani Foundation
signed a Memorandum of Understanding (MoU) to to accelerate the Artificial Intelligence (AI)-driven
collaborate in the field of mutual interest, transformation in the agriculture sector.
combined research and academic activities

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PM Modi Releases Commemorative Postage Committee held from 15th to 18th January
stamps & Book on Ayodhya Ram Temple 2024 at FAO headquarters in Rome, Italy.
Prime Minister Narendra Modi has released six ✓ The bureau includes Chairman of the Sub-
special commemorative postage stamps Committee, the First Vice-Chairman and 5
dedicated to the Shri Ram Janmabhoomi temple in other Vice-Chairmen, all elected for a 2-
Ayodhya(Uttar Pradesh) and also revealed a book year term.
with stamps issued by various countries portraying
Lord Ram. Gujarat’s Kachchhi Kharek Fruit Gets
✓ The commemorative collection comprises Geographical Indication Tag
six distinct stamps, including depictions of Kachchhi Kharek or Kutchi dates, the indigenous
the Ram Janmabhoomi Temple, Lord dates variety of Kutch in Gujarat got a geographical
Ganesh, Lord Hanuman, Jatayu, Kevatraj, indication (GI) tag from the Chennai (Tamil Nadu)
and Ma Shabri. based Geographical Indication Registry under the
Department for Promotion of Industry and Internal
Vibrant Gujarat Global Summit 2024: 41,299 Trade (DPIIT), Ministry of Commerce and Industry.
MoUs Worth Rs, 26.33 Lakh Crore Signed Kachchhi Kharek is registered under the goods
The Gujarat government signed 41,299 type of ‘Agriculture’.
Memorandum of Understanding (MoUs) for
investment intentions on the 10th edition of ICAI collaborates with IIM Ahmedabad to
Vibrant Gujarat Global Summit (VGGS) 2024, with develop ‘Vision 2049’
a value of Rs. 26.33 lakh crore, at Mahatma The Strategy Perspective Planning and Monitoring
Mandir, Gandhinagar, Gujarat from January 10th to Committee of the Institute of Chartered
12th, 2024. The theme of this year’s summit is Accountants of India (ICAI) in partnership with the
‘Gateway to the Future’ Indian Institute of Management (IIM) Ahmedabad
Launches made by Prime Minister (PM) (Gujarat) has initiated a task of formulating ICAI
Narendra Modi: Vision 2049.
✓ Launched commemorative Coin of Rs
20, to honour the first Vibrant Gujarat- GoI Plans to Make Educational Study Materials
2024 Summit of Amrit Kaal. in 22 Languages by Utilizing ‘Anuvadini’ App
✓ A Commemorative Stamp marking the The Government of India (GoI) aims to make study
successful completion of 20 years of the materials available for all courses under school
vibrant Gujarat Global Summit. and higher education digitally in all 22 languages
Click here to read full news listed in the 8th Schedule of the Indian
Constitution through Artificial Intelligence (AI)-
India Becomes 1st Vice Chair of FAO COFI Sub- based ‘Anuvadini’ mobile application.
Committee on Fisheries Management ✓ These books are available on the
India has been elected as the 1st Vice-Chair of electronic - Knowledge Unleashed in
Sub-Committee on Fisheries Management (SCFM) Multiple Bharatiya Languages (e-Kumbh)
of the Food and Agriculture Organization of the portal.
United Nations (FAO) Committee on Fisheries
(COFI).
✓ Elections to the Bureau of the SCFM was
held during the 1st session of the Sub-

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MoPNG Hardeep Singh Puri launches First Pilot make jet fuel from Alcohol in Praj Industries
Project to Make Jet Fuel from Alcohol Limited Research and Development (R&D) unit in
Union Minister of Petroleum and Natural Gas Pune, Maharashtra. This project will produce
(MoPNG), Hardeep Singh Puri, has inaugurated the sustainable biological aviation fuel (SAF).
first pilot state-of-the-art technology project to

INTERNATIONAL AFFAIRS

Denmark in partnership with India launched ✓ Top Countries which contributed


Green Fuels Alliance India maximum in rise of renewable energy at
Denmark has launched “Green Fuels Alliance global level:
India” (GFAI), an initiative to boost collaborative China (which is the largest emitter of
efforts between India and Denmark in the greenhouse gases) led the overall
sustainable energy solutions sector, at the Tamil maximum increase in renewable energy
Nadu Global Investors Meet (GIM) 2024, Chennai, followed by Europe, United States of
Tamil Nadu. America (U.S.A) and Brazil.
About GFAI:
✓ The initiative will play a pivotal role in
advancing the green fuels sector which
includes green hydrogen by fostering
innovation, collaboration, and partnerships
between Danish industries and their
counterparts in India.
✓ India has set the target to achieve carbon
neutrality by 2070. Denmark has topped
the global Climate Performance Index
(2024) and is on the path to achieving
carbon neutrality by 2050.

IEA’s Renewables 2023 report: The world added


50% more renewable energy in 2023 compared
to 2022
The International Energy Agency (IEA) released the WHO Launched ICD-11 Traditional Medicine
report titled “Renewables 2023”. It highlighted the Module 2; Integrates Ayurveda, Siddha, and
important finding of the report that the world Unani Systems
added 50% more renewable energy capacity in The World Health Organization (WHO) launched
2023 compared to 2022. The increase in the International Classification of Diseases (ICD-
renewable energy saw the fastest growth in the 11), Traditional Medicine (TM) Chapter Module 2
last 20 years and consecutively for 22 years. It at the event held in India Habitat Centre in New
also mentioned that renewable energy capacity Delhi, Delhi. ICD 11 TM module 2 includes data
reached around 510 GigaWatts (GWs) in last and terminology related to diseases based on
year. Ayurveda, Siddha, and Unani(ASU) Systems.

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✓ The Ministry of Ayurveda, Yoga and India's top and strongest brand, ranked 17th
Naturopathy, Unani, Siddha, and among the world's strongest brands in 2024,
Homoeopathy (AYUSH) in collaboration with a brand strength index (BSI) of 88.9 out of
with WHO has prepared a classification of 100.
diseases used in ASU systems under the ✓ Globally, WeChat topped the list with a
TM-2 module of the ICD-11 series. 94.3 BSI followed by YouTube (92.7), and
Google (92.5) in the 2nd and 3rd positions
NITI Aayog & WFP launched a Compendium on respectively in the strongest brands of
Mainstreaming Millets in Asia & Africa 2024.
NITI Aayog (National Institution for Transforming ✓ The other Indian brands featured in the list
India) and World Food Programme (WFP) are Life Insurance Corporation of India
launched a compendium featuring the field stories (LIC), ranked 23rd followed by the State
showcasing the use of millets in Asian and African Bank of India (SBI) ranked 24th. Both held
countries, including India, in New Delhi, Delhi. the same BSI of 88.3.
✓ The launch also marks the successful
completion of Mapping and Exchange of Global Firepower’s 2024 Military Strength
Good Practices (MEGP) Initiative for Ranking: India ranked 4th; USA Tops
Millets Mainstreaming in Asia and Africa. According to the 2024 Military Strength Ranking
Note: MEGP, started in July 2022, is a joint released by Global Firepower(GFP), India is
initiative of NITI Aayog and WFP. ranked as the 4th most powerful military in the
world. The United States of America (USA) tops
India Signs Agreement for Lithium Exploration the list followed by Russia and China in the 2nd
and Mining Project in Argentina and 3rd place respectively.
Khanij Bidesh India Limited (KABIL) signed an
agreement with Argentina's state-owned Cabo Verde Declared A Malaria-Free Country by
enterprise Catamarca Minera y WHO
Energética Sociedad del Estado (CAMYEN SE) at The World Health Organization (WHO) has
Catamarca, Argentina to explore and develop 5 declared the Republic of Cabo Verde (also known
lithium brine blocks. as Cabo Verde or Cape Verde) as a Malaria-free
✓ The agreement is worth about Rs. 200 country. With this Cabo Verde became the third
crores and is the 1st-ever lithium country to be certified in the WHO African region
exploration and mining project by a to eradicate malaria, following Mauritius in 1973
Government of India-owned enterprise. and Algeria in 2019.
✓ The 5 lithium brine blocks are namely
Cortadera-I, Cortadera-VII, Cortadera-VIII, Highlights of India’s External Affairs Minister,
Cateo-2022-01810132, and Cortadera-VI Dr. S. Jaishankar visit to Iran
Union Minister Subrahmanyam (S.) Jaishankar,
Brand Finance Global 500 2024 Report: Ministry of External Affairs (MEA) was on an
Reliance Jio Becomes World's 17th Strongest official visit to Iran to hold discussions on bilateral,
Brand; WeChat Tops the List Globally regional and global issues with Dr. Hossein Amir-
As per the 18th "Global 500 2024" annual report Abdollahian, Foreign Minister of Iran in Tehran.
by Brand Finance, Indian billionaire ✓ India and Iran signs agreement on
Mukesh Ambani-led Reliance Jio continues to be development of Chabahar Port, it will valid

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for 10 years and will be automatically Education Policy (NEP), 2020 of India. With
extended. this, it will become 9th classical language
✓ India also announced its decision to of India.
include Persian (Farsi) under the New

BANKING & FINANCE

ICICI Bank Canada Launches “Money2India DLabs at ISB launches `Build for Billions’ jointly
(Canada)”, a Mobile Banking App with RBIH & UBI
ICICI Bank Canada, a wholly-owned subsidiary of DLabs at the Indian School of Business (ISB) in
ICICI Bank Limited, launched its mobile banking Hyderabad, Telangana launched "Build for
application, “Money2India (Canada)”. The app Billions", a startup accelerator program, in
enables customers of any bank to instantly collaboration with the Reserve Bank Innovation
transfer money to any bank in India without Hub (RBIH) and Union Bank of India (UBI).
opening an account with ICICI Bank Canada. With ✓ It is themed around financial inclusion for
this launch, ICICI Bank Canada enters into the the informal economy by address the gap
remittance market of Canada. between financial services and the
✓ User can transfer up to CAD (Canadian informal economy. Build for Billions
Dollar) 30,000 in a single transaction with Program will support fintech startups
a confirmed exchange rate. dedicated to addressing these issues.
✓ Build for Billions is a 50-day equity-free
Reserve Bank of India imposes Rs.2.49 crore accelerator by DLabs, offers
Monetary Penalty on 3 Banks comprehensive support, including
The Reserve Bank of India (RBI) has imposed mentorship, capacity building, resources,
monetary penalties of about Rs.2.49 crore on networking opportunities, the chance to
three banks namely pitch to banks and investors, and a unique
✓ Dhanlaxmi Bank Ltd - Rs.1.20 crores for piloting opportunity with Union Bank.
Non-compliance with certain directions
issued by RBI on Loans and Advances, SEBI allowed Voluntary Freezing Of Clients’
Statutory and Other Restrictions RBI Trading Account from July 1, 2024
(Know Your Customer (KYC) Directions, the Securities and Exchange Board of India (SEBI)
2016, RBI (Interest Rate on Deposits) notified that Investors will be allowed to freeze or
Directions, 2016’ block their trading account any suspicious activity
✓ ESAF Small Finance Bank Limited - is detected. The framework for the same will be
Rs.29.55 Lakh for Non-compliance with laid down by stock brokerages on or before 1st
the directions issued by RBI on ‘Customer April 2024 and will be implemented from 1st July
Service in Banks’. 2024.
✓ Punjab & Sind Bank - Rs.1 crore for Non- ✓ This information was SEBI is provided in its
compliance with certain directions issued exercise of powers conferred under
by RBI on ‘Loans and Advances – Statutory Section 11(1) of SEBI Act,
and Other Restrictions’ 1992 read with Regulation 30 of
SEBI (Stock Brokers) Regulations,
1992, to protect the interests of investor

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s in securities and to Max Life launches first-of-its-kind Midcap


promote the development of securities Momentum Index Fund in ULIP Segment
markets. Max Life Insurance Company Limited has
✓ The framework will be developed by the introduced the Midcap Momentum Index Fund, a
Brokers’ Industry Standards Forum (ISF) first-of-its kind in the Unit Linked Insurance Plan
under the aegis of stock exchanges, and in (ULIP) segment. The new fund offering (NFO)
consultation with SEBI. Stock Exchanges aims to invest in a basket of stocks drawn from the
shall also put in place an appropriate constituents of NSE Midcap 150 Momentum 50
reporting requirement by Trading Members index.
to enforce the above system. A
compliance report to this effect shall be Google Pay India signs MoU with NPCI
submitted to SEBI by Stock Exchanges International to expand UPI Globally
latest by August 31, 2024. A Memorandum of Understanding (MoU) was
signed between the Google India Digital
KBL and NBFC Clix Capital Enter Co-Lending Services (P) limited (Google Pay India) and NPCI
Partnership for MSME International Payments Ltd (NIPL), a wholly-
Karnataka Bank Limited (KBL) and Gurugram owned subsidiary of the National Payments
(Haryana) based Non-Banking Financial Company Corporation of India (NPCI) to expand the Unified
(NBFC) Clix Capital Services Private Limited Payments Interface (UPI) globally.
have entered into a digital co-lending partnership. ✓ This MoU has three main goals viz. Expand
The partnership aims to provide loans to the Indian UPI payments for Indian travelers globally,
Micro, Small & Medium Enterprises (MSME) facilitate the establishment of UPI-like
sector through the Yubi Co.lend Platform. systems in other countries, and simplify
cross-border remittances using UPI
RBI Cancels Licence of Karnataka’s Hiriyur infrastructure.
Urban Co-Op Bank
Reserve Bank of India (RBI) cancelled the licence IndusInd Bank & EazyDiner partners to launch
of Karnataka based The Hiriyur Urban Co- EazyDiner IndusInd Bank Platinum Credit Card
operative Bank Limited as the bank does not have IndusInd Bank Limited, in collaboration with
adequate capital and earning prospects. EazyDiner, has launched the 'EazyDiner IndusInd
Bank Platinum Credit Card,' offering a unique and
REC Limited issues inaugural Yen Denominated enhanced dining experience with no joining fees,
Green Bonds aggregating to JPY 61.1 Billion making it accessible to all.
REC Limited (formerly Rural Electrification Note: Gurugram(Haryana) based EazyDiner is
Corporation Limited), a Maharatna Central Public India’s leading food discovery, table reservation,
Sector Enterprise (CPSE) under the Ministry of and restaurant payment platform.
Power (MoP) has successfully issued its inaugural
Japanese Yen (JPY) 61.1 billion worth Green IREDA & IOB Signed MoU for Co-lending
bonds under its USD 10 billion Global Medium Renewable Energy Projects
Term Notes Programme. It is the first Yen Green The Indian Renewable Energy Development
Bonds issuance by any Indian Public Sector Unit Agency Limited (IREDA) and Indian Overseas Bank
(PSU). (IOB) signed a Memorandum of Understanding
(MoU) to establish a platform for co-lending and

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loan syndication for a wide range of renewable NSE Remains World's Largest Derivatives
energy projects across India. Exchange in 2023 for 5th Consecutive Year; 3rd
in Equity Segment
Bank of Baroda Launched 'BoB 360 Term According to the statistics published by the
Deposit Scheme' with High-Interest Rates Futures Industry Association (FIA), the National
Bank of Baroda (BoB), one of India's leading Stock Exchange of India Ltd (NSE) has emerged as
public sector banks launched a special retail the world's largest derivatives exchange in
short-term deposit scheme named Bob 360 Term 2023 in terms of the number of contracts traded.
Deposit Scheme. The scheme offers higher NSE has retained the title for the 5th consecutive
interest rates for Domestic Term Deposits to year.
Residents/Non-Resident Ordinary (NRO) and ✓ As per the statistics maintained by the
Resident Senior Citizens for 360 days. It offers a World Federation of Exchanges (WFE),
high rate of interest of up to 7.60% per annum (for NSE ranks 3rd in the world in equity
360 days), which includes 0.50% per annum for segment by number of trades (electronic
senior citizens. order book) in 2023.

DBS Bank India Collaborates with StartupTN to Unity Bank Join Hands with Uncia for its SCF
Foster Entrepreneurship in Tamil Nadu Platform Uncia Chain
DBS Bank India Limited announced collaboration Unity Small Finance Bank Limited (Unity Bank)
with StartupTN, a nodal agency of Tamil Nadu (TN) has collaborated with Uncia Technologies Private
Government, to foster entrepreneurship in TN. Limited for its State-of-the-Art Supply Chain
This partnership will engage with over 1,000 early- Finance (SCF) Platform ‘Uncia Chain’ to facilitate
stage startups in TN through StartupTN's eight efficient processing and accurate daily lending
regional hubs in metros. The partnership focuses transactions.
on startups in Tier 2 and Tier 3 cities.
AIIB Invested Rs.486 Crore in SEIT for the
ICICI Prudential Life Launched ICICI Pru Project Meridian
Guaranteed Pension Plan Flexi with Benefit Asian Infrastructure Investment Bank (AIIB) has
Enhancer invested INR 486 Crore (approximately USD 58.4
ICICI Prudential Life Insurance Company Limited million) in Sustainable Energy Infra Trust (SEIT) for
launched a retirement annuity plan named the AIIB’s project ‘India: Project Meridian’. SEIT is
ICICI Pru Guaranteed Pension Plan Flexi with India's largest renewable energy Infrastructure
“Benefit Enhancer”, offering policyholders the Investment Trust (InvIT).
option to receive a 100% refund of premiums paid
at any time after the purchase if they are unable to Yes Bank becomes First Indian Bank to Conduct
continue paying premiums. ICICI Pru Guaranteed Export Finance Transaction on RXIL’s ITFS
Pension Plan Flexi is claiming it to be the Platform
industry's 1st annuity plan. Yes Bank Limited, has became the first Indian
bank to execute an export finance transaction on
the International Trade Financing Services
Platform (ITFS) of RXIL Global IFSC Limited (RXIL
Global), a subsidiary of Receivables Exchange of
India Limited (RXIL).

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✓ Yes Bank Limited also launched SmartFin, Statement (CAS) of the securities held in
an end-to-end digital supply chain finance CDSL in any of the 23 Indian languages.
(SCF) platform powered by Mumbai The initiative is named Apka CAS –
(Maharashtra)- based Veefin Solutions Apki Zubaani.
Limited (Veefin) to cater to the financial ✓ CDSL Buddy Sahayta 24x7 Chatbot:
needs of Micro, Small, and Medium The chatbot offers round-the-clock
Enterprises (MSMEs). assistance to the investor in four
languages.
SEBI Chairperson Launched Two Unique Multi-
Lingual Initiatives for CDSL LIC launches a New Annuity Plan ‘Jeevan
The Chairperson of the Securities and Exchange Dhara-2 plan 872’
Board of India (SEBI), Madhabi Puri Buch, has Life Insurance Corporation of India (LIC) has
launched two unique multi-lingual initiatives launched a new individual, savings, deferred
namely Multi-Lingual CAS and CDSL Buddy annuity (pension) plan ‘Jeevan Dhara-2 plan
Sahayta 24x7 Chatbot for Central Depository 872’. The policyholder gets two options namely
Services (India) Limited (CDSL). ‘Regular Premium’ and ‘Single Premium’ to pay
✓ Multi-Lingual CAS: The investors can their premium.
generate their Consolidated Account

ECONOMY & BUSINESS

Indian Economy will Grow at 6.2% in FY25: UBS RBI’s Economic Activity Index Nowcasts
Securities Q3FY24 growth at 7%
Mumbai(Maharashtra) based UBS Securities India According to an article titled 'State of the
Private Limited has reduced the growth of the Economy' in the Reserve Bank of India (RBI)'s
Indian economy for the financial year 2024-25 monthly bulletin i.e.'RBI Bulletin – January 2024',
(FY25) to 6.2% from 6.3%. India's Gross domestic RBI's economic activity index (EAI) has nowcast
product (GDP) is projected to reach USD 3.9 India’s Gross Domestic Product (GDP) growth for
trillion in FY25, up from USD 3.57 trillion in FY24. 3rd quarter of 2023-2024 (Q3FY24)(October
2023 - December 2023) at 7%.
IFSC GIFT City signs MoU with IGX, GSPC for ✓ This is higher than the real GDP growth
Global Hydrogen Trading Mechanism projection of 6.5% for Q3FY24 in the
The International Financial Services Centre (IFSC) December 2023 Monetary Policy
at GIFT City (Gujarat International Finance Tec- Statement.
City) in Gandhinagar, Gujarat has signed a
Memorandum of Understanding (MoU) with the ICRA Projects GDP Growth to Moderate to
Indian Gas Exchange (IGX) and Gujarat State Below 6% in Q3 FY 2023-24
Petroleum Corporation (GSPC) to establish a ICRA Limited (formerly Investment Information
global hydrogen trading mechanism. and Credit Rating Agency of India Limited),
predicts that India's Gross Domestic Product
(GDP) growth may have slowed to under 6% in
the third quarter (Q3) of FY 2024 (October to

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December 2023) from 7.6% in the second quarter


(Q2) of FY 2024.

AWARDS & RECOGNITIONS

Swachh Survekshan Awards 2023: Indore & Best FIFA Football Awards 2023: Lionel Messi
Surat Adjudged as ‘Cleanest Cities’ in India and Aitana Bonmati Won Best Men’s &
Droupadi Murmu, President of India, presented the Women’s Player Award
Swachh Survekshan(Cleanliness Survey) The Best FIFA (International Federation of
Awards 2023 at the ceremony hosted by the Association Football) Football Awards ceremony
Ministry of Housing and Urban Affairs (MoHUA) at 2023 was held in London (United Kingdom) on
Bharat Mandapam, New Delhi, Delhi. 15th January 2024.
✓ Surat (Gujarat) and Indore (Madhya ✓ Lionel Messi (Argentina) won the Best
Pradesh/MP) were jointly recognised as FIFA Men’s Player 2023 Award, while
the cleanest city in India under category Aitana Bonmati (Spain) won the Best FIFA
of cities with a population more than 1 Women’s Player 2023 Award. This
lakh. Indore has ranked No 1 in All India marks Messi’s eighth individual FIFA
Clean city for the 6th Consecutive time. award, including in 2009, 2010, 2011,
✓ President Murmu also launched the 2012, 2015, 2019, 2022, and 2023.
Swachh Survekshan(SS) 2023 dashboard
during the event. President Droupadi Murmu to Confer Pradhan
Overall Winners: Mantri Rashtriya Bal Puraskar 2024 to 19
Swachh Survekshan Awards 2023 Children
The Ministry of Women and Child Development
Category Rank Winner
(MoWCD) announced the recipients of the
All India Clean Surat (Gujarat) & Indore
City 1 (MP) Pradhan Mantri Rashtriya Bal Puraskar (PMRBP)
for the year 2024. The 2024 awardees include 9
(Population > 1 Navi Mumbai
lakh) 3 (Maharashtra) boys and 10 girls, from 18 States and Union
Territories (UTs) including 2 Aspirational Districts.
All India Clean
City 1 Sasvad(Maharashtra) ✓ PMRBP earlier known as the National Child
(Population < 1 Award is India's highest honour for
lakh) 2 Patan(Chhattisgarh) children, awarded annually by the
Lonavala(Pune, MoWCD. The award is annually presented
3 Maharashtra) to children aged 5-18 from India for their
Click here for the complete list of exceptional abilities and outstanding
2023 Swachh Survekshan Awardees achievements in 7 fields - Bravery; Sports;
Social Service; Science & Technology;
Environment; Arts & Culture; and
Innovation.

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APPOINTMENTS & RESIGNATIONS

ACC Approved the Reappointment of MD Patra Chief Executive Officer (CEO) of


as Deputy Governor of RBI DCB Bank Limited (formerly known as
Appointments Committee of the Cabinet (ACC) Development Credit Bank) for 3 years with effect
headed by Prime Minister (PM) Narendra Modi has from April 29, 2024.
approved the reappointment of Michael ✓ He will succeed Murali M Natrajan, the
Debabrata Patra as Deputy Governor of the incumbent MD and CEO of DCB bank,
Reserve Bank of India (RBI) for the second time. whose tenure is set to end on 28th April
His tenure was extended by one year with effect 2024.
from 15th January 2024 or until further orders,
whichever is earlier. Frederik X Proclaimed as New King of Denmark;
Queen Margrethe II Abdicated
MoHUA Appointed Maheshwar Rao as MD of Frederik André Henrik Christian (Frederik X) (55
Bengaluru Metro Rail Corporation Limited years), Crown Prince of Denmark, was proclaimed
The Ministry of Housing & Urban Affairs (MoHUA) as the new king of Denmark by it’s Prime Minister
has appointed Maheshwar Rao IAS as the new (PM) Mette Frederiksen. King Frederik X takes
Full-time Managing Director (MD) of the Bangalore throne after the abdication of his mother Queen
Metro Rail Corporation Limited (BMRCL). He will Margrethe II at Christiansborg Palace on 14
replace Anjum Parwez (1994 batch IAS January 2024.
officer) who has been serving the post since 2021.
MHI forms Panel to Examine Demands for
Taiwan VP William Lai Ching-te Won Inclusion of More Components in Auto PLI;
Presidential Election Chaired by Hanif Qureshi
William Lai Ching-te (64 years) of Democratic the Ministry of Heavy Industries (MHI) has
Progressive Party (DPP) won the Taiwan constituted a committee to examine the demand
Presidential election with 40.05% of the vote and for including more components in the Production
has been elected as the Linked Incentive (PLI) Scheme for Automobile and
President of Taiwan. Auto Component Industry (PLI-AUTO).
✓ William Lai Ching-te has Chairman- Hanif Qureshi, Additional Secretary in
been serving as the Vice MHI
President of Taiwan Advisor- Industry veteran Pawan Goenka, former
since 2020. Managing Director(MD) of Mahindra &
✓ He will succeed Tsai Ing-Wen, the current Mahindra(M&M).
and the first female president of Taiwan.
Bernardo Arévalo Sworn in as President of
RBI Approves Appointment of Praveen Guatemala
Achuthan Kutty as MD & CEO of DCB Bank César Bernardo Arévalo de León, an anti-
The Reserve Bank of India corruption leader, was sworn in as President of
(RBI) has approved the Guatemala. He is the leader of the social
appointment of Praveen democratic Movimiento Semilla Party. Bernardo
Achuthan Kutty as the Arévalo succeeded Alejandro Giammattei, a
Managing Director (MD) and leader of the right-wing party Vamos.

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Govt of India Formed High-level Committee to IPS officer Daljit Singh Chaudhary Appointed as
Safeguard Interests of Scheduled Castes DG of Sashastra Seema Bal
The government of India (GoI) has formed a high- The Appointments Committee of the Cabinet
level Committee to examine administrative (ACC) has approved the
measures aimed at protecting the interests of the appointment of Indian Police
most disadvantaged groups within the Scheduled Service (IPS) officer Daljit
Caste (SC), like Madigas. The committee was Singh Chaudhary as the
constituted under the direction of Prime Director General (DG) of
Minister(PM) Narendra Modi, with Rajiv Gauba, Sashastra Seema Bal (SSB)
the Cabinet Secretary as its Chairman. with effect from the date of
joining till 30th November 2025(the date of his
superannuation). He succeeds Rashmi Shukla,
who served as the DG of SSB from March 2023 to
January 2024.

ACQUISITIONS & MERGERS

CCI Approves Amalgamation of Shriram LI GoI Raises Rs.2500 By Disinvesting 3.5% Stake
Holdings with Shriram Life Insurance in NHPC Limited
The Competition Commission of India (CCI) has The Government of India (GoI) has raised about
approved the proposed amalgamation of Shriram Rs.2500 crores through Offer for Sale (OFS) by
LI Holdings Private Limited (SLIH) with Shriram disinvesting about 3.5% of paid-up share capital in
Life Insurance Company Limited(SLIC). The CCI NHPC Limited (erstwhile National Hydroelectric
has approved the proposed amalgamation of Power Corporation), which is a Mini Ratna
Shriram GI Holdings Private Limited (SGIH) with Category-I Central Public Sector Enterprises
Shriram General Insurance Company Limited (CPSE) under Ministry of Power(MoP). The Union
(SGIC). Budget for financial year 2023-24 (FY24) had set a
disinvestment target of Rs 51,000 crore.

SCIENCE & TECHNOLOGY

CAS Launches ‘Einstein Probe’ Satellite to (ESA) and the Max Planck Institute for
Observe Violent Cosmic Phenomena Extraterrestrial Physics (MPE), Germany.
The Chinese Academy of Sciences (CAS)
launched the lotus-shaped astronomical SAMBHAV: Indian Army's Indigenously
satellite Einstein Probe (EP) to observe violent Developed End-to-end Secure Mobile
cosmic phenomena on a Chang Zheng (Long Ecosystem
March) 2C carrier rocket from the Xichang The Indian Army has indigenously developed an
Satellite Launch Centre in southwest Sichuan end-to-end secure mobile ecosystem called
Province of China. SAMBHAV (Secure Army Mobile Bharat Version)
✓ Einstein Probe is a collaboration led by to enhance national defence capabilities. It was
CAS with the European Space Agency developed in collaboration with the National

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Centres of Excellence from academia and MoS Ajay Bhatt Flagged Off Indigenous Astra
industry. Missiles For Supply to IAF
The Minister of State (MoS) Ajay Bhatt, Ministry of
BHISHM, 25T BP Tug, launched at Titagarh Rail Defence (MoD) flagged off the indigenously
Systems Ltd in West Bengal developed and manufactured Astra Missiles for
Commodore S Sreekumar, Warship Production supply to the Indian Air Force(IAF). The flag
Superintendent (Kolkata, West Bengal) launched off ceremony was held at Bharat Dynamics
the 25T Bollard Pull(BP) Tug, named Bhishm, at Limited (BDL)’s Kanchanbagh Unit in Hyderabad,
M/s Titagarh Rail Systems Limited (TRSL) in Telangana.
Kolkata. The Tug was built under the classification
rules of Indian Register of Shipping (IRS). With the
launch, the contract for construction and delivery
of six 25T BP Tugs was concluded with TRSL

ISRO develops Second-Generation Distress


Alert Transmitter for Fishermen
Indian Space Research Organisation (ISRO) has
successfully developed ‘Distress Alert Transmitter
- Second Generation’ (DAT-SG) for the fishermen
at sea to send emergency messages from fishing
boats. DAT-SG transmits distress
messages(24x7) via communication satellite to
the Indian Mission Control Centre (INMCC) in
Bengaluru.

North Korea tests Underwater Nuclear Weapon


SpaceX Launched Axiom Space’s Ax-3 Mission;
System ‘Haeil-5-23’
Launched 1st Turkish Astronaut to Space
North Korean defense ministry's think tank has
Space Exploration Technologies Corporation’s
tested a nuclear-capable underwater attack drone
(SpaceX) Falcon 9 rocket launched Axiom
‘Haeil-5-23’(meaning tsunami) in the East Sea,
Space’s Axiom Mission 3 (Ax-3) to the
also known as the Sea of Japan. Haeil-5-23, the
International Space Station (ISS) from Launch
unmanned underwater vehicle (UUV) attacks by
Complex 39A (LC-39A) at National Aeronautics
creating a large radioactive wave by exploding
and Space Administration (NASA)’s Kennedy
under the water.
Space Center in Florida, The United States of
America(USA).
JAXA Successfully landed SLIM on Lunar
✓ The mission carried the Türkiye's 1st
Surface; Japan Becomes 5th Nation to land on
astronaut, Alper Gezeravcı, along with
Moon
crew members representing Spain, Italy
Japan Aerospace Exploration Agency (JAXA), the
and Sweden aboard the SpaceX’s Dragon
Japanese national air and space agency,
‘Freedom’ spacecraft.
successfully landed Smart Lander for Investigating
Moon (SLIM) within 330 feet (100 meters) of its
target site on the rim of Shioli Crater. With this

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Japan became the 5th nation to soft land on lunar Iran’s IRGC launches Sorayya Satellite by Qaem
surface after the United States of America (USA), 100 Satellite Carrier
Russia, China, and India. Iran’s Islamic Revolutionary Guard Corps (IRGC)
✓ The SLIM probe nicknamed “Moon Sniper” has launched Sorayya satellite using a three-stage
was launched onboard the H-IIA Launch solid-fuel Qaem 100 satellite carrier, developed
Vehicle No. 47 (H-IIA F47) on 7th by IRGC Aerospace Force. Iran for the very first
September 2023 from JAXA Tanegashima time launched a satellite to a height of about 750-
Space Center, Kagoshima, Japan. SLIM kilometre (460 miles) above the earth's surface.
was launched along with X-Ray Imaging
and Spectroscopy Mission (XRISM).

ENVIRONMENT

Researchers from Mizoram University Discover Himalayan Wolf Classified as 'Vulnerable' on


New Coral Snake Species ‘Sinomicrurus Gorei’ IUCN Red List
The Indian Researchers from Mizoram University The Himalayan Wolf (Canis lupus; Subspecies:
have discovered a new species of coral snake chanco), a crucial lupine predator in the
called ‘Sinomicrurus Gorei’ in Mizoram. The Himalayas, is classified as 'Vulnerable' under
species is named after British Indian doctor criteria C2a(ii) on the global International Union for
‘Gore’. The discovery was published in the British Conservation of Nature (IUCN) Red List. This is
science journal, Systematics & Biodiversity the 1st time the Himalayan wolf has been
assessed by the IUCN and the assessment was
done on 27 June 2023.

SPORTS

Tata Group Secures Title Sponsorship Rights for 2028, extending their partnership for a 5-year
IPL 2024-28 term. TATA Group is also the title sponsor of the
The Board of Control for Cricket in India (BCCI) Women’s Premier League, the biggest women’s
has announced TATA Group as the title sponsor T20 league in the world.
for the Indian Premier League (IPL) from 2024 to

OBITUARY

Padma Vibhushan Awardee & Renowned ✓ She was honoured with the Padma Shri in
Classical Singer Prabha Atre Passed Away 1990; Padma Bhushan in 2002; and
Prabha Atre, a Hindustani classical vocalist, who Padma Vibhushan in 2022 for Arts. Her
received all 3 Padma Awards from the first book `Swaramayee' which is a
government of India passed away in Pune, compilation of many of her articles on
Maharashtra at the age of 92. She was one of the music and has bagged the Maharashtra
senior-most, and leading female vocalists in India State Govt. Award in 1989.
representing the Kirana Gharaanaa of Hindustani
classical music.

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Renowned Urdu Poet Munawwar Rana Passed Ajit Singh Gill, Singapore’s Former Hockey
Away Player & Olympian Passed Away
Renowned Urdu poet Munawwar Rana passed Ajit Singh Gill, former national hockey player of
away at the age of 71 in Lucknow, Uttar Pradesh Singapore who competed in the
(UP). He was born on 26th November 1952 in 1956 Melbourne Olympics, passed away at the
Raebareli, UP. age of 95 in Singapore. He was born on 21st March
✓ He was awarded the Sahitya Akademi 1928 in Kuala Lumpur, Malaysia and moved to
Award in 2014 for his poetry book Singapore in 1953. Ajit Singh Gill, a person of
‘Shahdaba’. However, he returned the Indian origin, is the Singapore’s oldest and only
award due to political reasons in 2015. He Sikh Olympian.
was also awarded the Gyanpeeth Award
in 2014.

BOOKS & AUTHORS

VP Jagdeep Dhankhar unveils new Book


'Fertilising the Future” by Mansukh Mandaviya Amit Shah launches Book titled 'Assam's
Jagdeep Dhankhar, Vice President (VP) of India, Braveheart - Lachit Barphukan'
has released a new book titled 'Fertilising the Union Minister of Home Affairs and Union Minister
Future: Bharat's March Towards Fertilizer Self- of Cooperation, Amit Shah, has released the book
Sufficiency’ authored by Union Minister Mansukh titled 'Assam's Braveheart -
Mandaviya, Ministry of Health and Family Welfare Lachit Barphukan', authored by Arup Kumar
(MoH&FW) and Ministry of Chemicals and Dutta.
Fertilizers (MoC&F). It is released in the presence of Chief Minister
✓ The Hindi version of the book is titled (CM) of Assam, Himanta Biswa Sarma in an event
'Urvarak-Atmanirbharta ki Raah’. The held in Guwahati, Assam.
book is published by Rupa Publications
India.

IMPORTANT DAYS

8th Armed Forces Veterans' Day - January 14 marks the 8th Armed Forces Veterans' Day
2024 observance.
Armed Forces Veterans' Day is annually
celebrated across India on 14 January to honour 76th Indian Army Day - January 15 2024
and recognise the service of Field Marshal Indian Army Day is annually observed across
Kodandera Madappa Cariappa, the 1st Indian India on 15 January to honour and salute the brave
Commander-in-Chief (C-in-C) of the Indian soldiers of the Indian Army who fought at borders
Armed Forces, who retired from the military on 14 and sacrificed their lives to safeguard the nation
January 1953 and led Indian forces to victory in from the attack of enemies.
the 1947 war. ✓ The Day also known as
✓ The Armed Forces Veterans' Day was first Bhartiya Sena Diwas, recognises the
celebrated in 2017. 14 January 2024 achievements of the 1st Commander-in-

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Chief (C-in-C) of the Indian Army General 19th National Disaster Response Force Raising
(later Field Marshal) Kodandera Madappa Day - 19 January 2024
(KM) Cariappa. National Disaster Response Force (NDRF)
✓ 15 January 2024 marks the observance of Raising Day is annually observed across India on
the 76th Indian Army Day. The Indian 19 January to commemorate the establishment of
Army will observe the year 2024 as the the NDRF, a distinguished, unique Force across
'Year of Technology Absorption.' India functioning under the Ministry of Home
Affairs. 19 January marks the observance of the
19th NDRF Raising Day.

STATE NEWS

Chhattisgarh Govt. to launch 'Shri Ramlala Goa Becomes the First State in India to Launch
Darshan Scheme' for Pilgrimage to Ayodhya Regenerative Tourism
The Cabinet of the government of Chhattisgarh The Government of Goa has launched India’s first
headed by Chief Minister (CM) Vishnu Deo Sai has regenerative tourism model to redefine tourism
decided to launch a pilgrimage scheme ‘Shri by promoting environmental restoration, cultural
Ramlala Darshan Scheme’ to offer the people of preservation, and community empowerment. The
Chhattisgarh Free Pilgrimage Visit to the newly model aims to promote 11 spiritual sites under the
built Ram Temple in Ayodhya, Uttar Pradesh (UP). Ekadasha Teertha campaign.

Veera Rana Appointed as Chief Secretary of Arunachal Pradesh Celebrated 9th Edition
Madhya Pradesh Pakke Paga Hornbill Festival
The Government of Madhya Pradesh (MP) has The 9th edition of the Pakke Paga Hornbill Festival
appointed Veera Rana, a 1988-batch Indian (PPHF) was celebrated at Seijosa in the Pakke-
Administrative Service (IAS) officer, as the Chief Kessang district of Arunachal Pradesh (AR) from
Secretary(CS) of MP. She becomes the 2nd January 18th to 20th, 2024. It was held under the
woman Chief Secretary of MP after Nirmala theme “Domutoh Domutoh, Paga hum Domutoh,”
Buch, who served as the 1st woman CS of MP meaning ‘Let Our Hornbills Remain’ in the Nyishi
from 1991-1993. She has been serving as the language.
Acting CS of MP succeeding Iqbal Singh Bains,
who retired from the post in November 2023.

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Current Affairs Weekly PDF – January 2024 – 4th Week


(24 – 31)
NATIONAL AFFAIRS

Highlights of PM Narendra Modi’s Visit to ✓ The MoU focuses on promoting digital


Maharashtra, Karnataka, Tamil Nadu on 19 transformation(INDIA STACK) through
January 2024 Capacity Building Programs, Exchange of
Prime Minister(PM) Shri Narendra Modi Visited Best Practices, and other collaborative
Maharashtra, Karnataka, and Tamil Nadu on 19th activities to mutually benefit the digital
January 2024 and inaugurated various projects ecosystems of India and Cuba.
including
✓ 8 AMRUT Projects Worth Around Rs. MoE issues New Rules for Coaching Centres;
2,000 Crores in Solapur, Maharashtra No enrolment of students below 16years
✓ PM inaugurated the new State-of-the-art the Department of Higher Education under the
Boeing India Engineering & Technology Ministry of Education (MoE) has released the
Centre (BIETC) campus in Bengaluru, 'Guidelines for Regulation of Coaching Center
Karnataka with an investment of Rs. 1600 2024’ which prohibits Coaching centres from
crore on 43-acre of land. enrolling students below the age of 16.
✓ PM Modi was the Chief Guest for the Coaching center must maintain an updated
opening ceremony of the 6th Khelo India website with details on tutor qualifications,
Youth Games (KIYG) 2023 held at the courses, duration, hostel facilities, fees, easy exit
Jawaharlal Nehru Stadium in Chennai, and refund policies, and student success
Tamil Nadu. This is the first time that Khelo statistics.
India Youth Games are being held in South
India. Union Minister Parshottam Rupala Launched
• Mascot for the games is Veera Project for Artificial Reefs in Kerala
Mangai inspired by Rani Union Minister Parshottam Rupala, Ministry of
Velu Nachiyar who waged a Fisheries, Animal Husbandry and Dairying
war against British colonial rule (MoFAHD) virtually launched the project of
Click here to read full News depositing artificial reefs in the seabed in
Vizhinjam, Thiruvananthapuram, Kerala. The
MeitY Signs MoU with Cuba for Cooperation on project is a joint initiative of the Government of
Digital Public Infrastructure India (GoI) and the Government of Kerala. The
The Ministry of Electronics and Information project is implemented under the Pradhan
Technology (MeitY), Government of India, signed a Mantri Matsya Sampada Yojana (PMMSY) of
Memorandum of Understanding (MoU) with the MoFAHD by the Kerala State Coastal Area
Ministry of Communications of the Republic of Development Corporation (KSCADC).
Cuba, to foster cooperation in the field of sharing
successful digital solutions implemented at a
population scale for digital transformation.

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PM Modi unveiled Ramlalla idol at Ram of New and Renewable Energy (MNRE)
Janmbhoomi Mandir in Ayodhya, UP Guidelines, and incentives to DISCOMs
The Prime Minister(PM) Narendra Modi
participated in the Pran Pratishtha (consecration Air India launches India’s first Airbus A350-900
/Establishing the Life Force) ceremony of Shri flight from Bengaluru to Mumbai
Ramlalla idol in the newly built Shri Ram Air India Limited has launched India’s and Air
Janmbhoomi Mandir(temple) in Ayodhya, Uttar India's first Airbus A350-900 model aircraft ‘AI
Pradesh(UP). 589’. The flight made its inaugural fly from
✓ The Ram Janmbhoomi Mandir was Kempegowda International Airport, Bengaluru
designed by celebrated architect (Karnataka) to Chhatrapati Shivaji Maharaj
Chandrakant B Sompura, 81, and his son International Airport, Mumbai (Maharashtra).
Ashish, 51 in the Māru-Gurjara
architecture of Nagara style, a type of ONGC Gets MoPNG’s Approval to Form Green
Hindu temple architecture found primarily Energy Subsidiary
in northern India. It is constructed Oil and Natural Gas Corporation Limited (ONGC)
by Larsen and Toubro (L&T). has received the approval from the Ministry of
Click here to read full news Petroleum and Natural Gas (MoPNG) to establish
a wholly-owned subsidiary company for green
Ex Khanjar 2024: 11th edition of India- energy and gas business. The approval was
Kyrgyzstan Joint Special Forces Exercise received on 5th December 2023.
commenced at HP ✓ The proposed name of the subsidiary is
“Exercise Khanjar 2024”, the 11th edition of “ONGC Green Limited” subject to the
India-Kyrgyzstan Joint Special Forces Exercise, approval of the Ministry of Corporate
commenced on 22nd January 2024 at Special Affairs(MoCA).
Forces Training School in Bakloh, Himachal ✓ During the ONGC Board Meeting held on
Pradesh(HP). The first edition of Ex Khanjar was 23rd January 2024, the board granted in-
held in 2011 in Nahan, Himachal Pradesh. The principle approval for formation of a Joint
10th edition of Exercise (Ex Khanjar 2023) was Venture Company (JVC) either directly by
held in Bishkek, Kyrgyzstan from 6th to 18th March ONGC or through its Affiliate/Subsidiary
2023. with NTPC Green Energy Limited (NGEL) a
wholly owned subsidiary of NTPC Limited.
PM Modi Launches ‘Pradhan The JVC will be engaged in the business of
Mantri Suryodaya Yojana’, a new Rooftop Solar Offshore Wind Energy and other Renewal
Power Scheme Energy.
On 22 January 2024, Prime Minister (PM)
Narendra Modi launched 9th India International Science Festival held in
“Pradhanmantri Suryodaya Yojana”, a Faridabad, Haryana
government scheme to provide Rooftop Solar The 9th edition of India International Science
(RTS) power systems to 1 crore households. The Festival (IISF 2023) was held from 17th to 20th
scheme will support India to achieve the target of January 2024 at Faridabad, Haryana. The festival
40 Gigawatt (GW) rooftop solar capacity. It will be aims to celebrate the achievements of India in the
provided to the eligible projects as per the Ministry frontier areas of science and technology.

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✓ IISF 2023 is held under NITI Aayog, MoA&FW & FAO Jointly Launched
the central theme – ‘Science and Investment Forum for Advancing Climate
Technology Public Outreach in Amrit Resilient Agrifood Systems
Kaal’. The NITI Aayog(National Institution for
Transforming India), Ministry of Agriculture and
India's ACME and Japan's IHI Corporation Signs Farmers' Welfare (MoA&FW), and United Nations
pact to supply Green Ammonia from India to Food and Agriculture Organization (FAO) jointly
Japan launched the ' Investment Forum for Advancing
India's ACME Group (aka ACME Cleantech Climate Resilient Agrifood Systems in India'.
Solutions Pvt. Ltd. ) and Japan's IHI Corporation
signed a term sheet agreement to supply 0.4 MoD Signed Rs.1070cr Contract with MDL for
Million Metric Tonnes Per Annum (MMTPA) of the Procurement of 14 FPVs
green ammonia from Odisha on long term basis. The Ministry of Defence (MoD) signed a contract
This agreement is a crucial move in lowering global worth Rs. 1070 crore with Mazagon Dock
greenhouse gas emissions, set to offset 54 million Shipbuilders Limited (MDL – functioning under
tons of Carbon dioxide (CO2) equivalent over its MoD) for the acquisition of 14 Fast Patrol Vessels
lifecycle. (FPVs) for the Indian Coast Guard (ICG). The
contract was made under the Buy Indian-
5th International and 44th All India Criminology Indigenously Designed, Developed and
Conference of NFSU held in Gandhinagar, Manufactured (IDDM) category. All the FPVs will
Gujarat be delivered in sixty-three months to ICG.
Union Minister Amit Shah, Ministry of Home Affairs
(MHA) inaugurated and addressed the 5th Union Minister Pralhad Joshi Inaugurates
International and 44th All India Criminology Second State Mining Ministers’ Conference in
Conference at National Forensic Science Bhopal
University (NFSU) at Gandhinagar, Gujarat. Union Union Minister of Coal, Mines, and Parliamentary
Minister also inaugurated the Centre of Affairs Pralhad Joshi inaugurated the second State
Excellence in Digital Forensics at NFSU to Mining Ministers’ Conference held in Bhopal,
support capacity building and investigation. Madhya Pradesh on 23rd January 2024. Madhya
Pradesh bagged the first rank and received the
Ex Desert Knight: Trilateral Air Force Exercise award from the Union minister for recognizing its
Conducted Between India, France & UAE efforts in the mining auction for the year 2022-23.
“Exercise Desert Knight”, a Trilateral Air Force Chhattisgarh, Andhra Pradesh & Karnataka also
Exercise, was conducted between the Indian Air received the award of appreciation at the event.
Force (IAF) along with the French Air and Space
Force (FASF) and the United Arab Emirates (UAE) Indian Army Opens 'India Selfie Point' Near LOC
Air Force on 23rd January 2024. The joint in Jammu and Kashmir
exercise was hosted at the Al Dhafra air base in The Dagger Division (the then 19th Indian Infantry
the UAE. Division) of the Indian Army opened 'India Selfie
Point' near the Line of Control(LOC) in Uri in the
Baramulla district of Jammu and Kashmir(J&K).
The selfie point has been gifted by acclaimed artist

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Rouble Nagi, who has set up several such points in MoRD & Lady Irwin College, Delhi Renews 5-
J&K. Year MoU for ROSHNI-CWCSA
Deendayal Antyodaya Yojana – National Rural
Highlights of Wings India 2024: Asia's Largest Livelihood Mission (DAY-NRLM), the Ministry of
Event on Civil Aviation held in Hyderabad, Rural Development (MoRD), and Lady Irwin
Telangana College, University of Delhi in New Delhi, Delhi
Union Minister for Civil Aviation, Jyotiraditya M renewed a 5-year Memorandum of Understanding
Scindia inaugurated Asia's Largest Aviation Expo- (MoU) for ROSHNI – Centre of Women Collectives
Wings India 2024 at Begumpet Airport in led Social Action (CWCSA).
Hyderabad, Telangana from 18th to 21st January ✓ The partnership aims to strengthen
2024. The theme for the show was "Connecting nutrition, gender equity, and livelihoods for
India to the World in Amrit Kaal: Setting the women. It is technically and financially
Stage for India Civil Aviation @2047.” supported by the United Nations
✓ India’s First Indigenously Designed Children's Fund (UNICEF) India.
and Manufactured Aircraft Seat Launched
at Wings India 2024
✓ AIR INDIA EXPRESS Unveils New Aircraft
with Kalamkari-Inspired Tail Pattern at
Wings India 2024
✓ Airbus Partners With CSIR-IIP to Drive
Indigenous Sustainable Aviation Fuel
Development
✓ Akasa Air signs MoU with Noida
International Airport
Click here to read full News

PM Narendra Modi inaugurated Projects worth


over Rs 19,100 crore in Bulandshahr, UP
On January 25, 2024, the Prime Minister (PM) of
India Narendra Modi launched development
75th Republic Day of India- January 26, 2024
projects worth more than Rs 19,100 crore in
India celebrated its 75th Republic Day (R-Day) on
Bulandshahr district in western Uttar Pradesh (UP)
26th January 2024. The republic day events and
for several important sectors like rail, road, oil and
parade were held at the newly-renovated and
gas and urban development & Housing.
renamed Kartavya Path (previously known as
✓ The 'Integrated Industrial Township at
Rajpath) in New Delhi, Delhi. The Republic day of
Greater Noida' (IITGN), developed under
India marks and celebrates the date on which the
Pradhan Mantri (PM) Gati Shakti - National
Constitution of India came into effect on January
Master Plan for Multi-modal Connectivity,
26, 1950.
was inaugurated.
✓ President of India Droupadi Murmu
unfurled India's National Flag
accompanied by Major Saumya Shukla
ASC , it was followed by the National

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Anthem and a 21-gun salute from Madhya Pradesh & Rajasthan and MoJS Signs
indigenous 105-mm Indian Field Guns MoU on Modified PKC-ERCP Link Project
✓ Theme of R-Day 2024: 'Viksit Bharat' Madhya Pradesh (MP), Rajasthan, and Ministry of
(Developed India) and 'Bharat- Jal Shakti (MoJS), Government of India (GoI) has
Loktantra ki Matruka' (Bharat - The signed a Memorandum of Understanding (MoU) for
Mother of Democracy) implementation of the “Modified PKC-ERCP”
✓ To mark the 75th Republic Day celebration, (Modified Parbati-Kalisindh-Chambal with
Union Minister Rajnath Singh, Ministry of Eastern Rajasthan Canal Project) Link Project.
Defence Rs 75 commemorative silver coin, ✓ The Chambal River flows through three
and a postage stamp of 75th Republic Day different states: Madhya Pradesh,
Celebrations. It is minted by Indian Rajasthan, and Uttar Pradesh.
Government Mint, Mumbai in ✓ The Parbati River originates from the
Maharashtra. Vindhyanchal ranges near Astha in the
✓ President of France Emmanuel Macron Sehore district of MP.
was the chief guest for Republic Day 2024. ✓ The River Kalisindh is a principal tributary
✓ President approves Tatrakshak Medals to of the Chambal. It originates near Bagli
six Indian Coast Guard personnel village in the Dewas district of M.P. and
✓ President approves conferment joins the river Chambal in the Kota district
of Jeevan Raksha Padak Series of Awards- of Rajasthan.
2023
Inaugural Edition of India-Saudi Arabia Joint
PM Narendra Modi Inaugurates Diamond Jubilee Military Exercise 'SADA TANSEEQ' Commenced
Celebration of Supreme Court of India in Mahajan, Rajasthan
The Prime Minister (PM) of India Narendra Modi The inaugural edition of the India-Saudi Arabia
inaugurated the Diamond Jubilee (75th Year) joint military exercise, "SADA TANSEEQ", started
celebration of the Supreme Court of India (SCI) at on 29 January 2024 at Mahajan, Rajasthan, and
the Supreme Court auditorium in Delhi. will run until 10 February 2024. The exercise
✓ PM Modi launched multiple citizen-centric involves significant participation from both the
information and technology initiatives – Royal Saudi Land Forces and the Indian Army.
Digital Supreme Court Reports(SCR), ✓ The primary aim of 'SADA TANSEEQ' is to
Digital Courts 2.0 and new website of provide intensive training to troops from
Supreme Court(https://www.sci.gov.in/) both nations in executing Joint Operations
within Semi Desert terrain under Chapter
VII of the United Nations (UN) Charter.

INTERNATIONAL AFFAIRS

Ex Cyclone II: 2nd edition of the India-Egypt Egypt. Cyclone is an annual exercise held
Joint Special Forces Exercise commenced in alternatively in India and Egypt. The first edition of
Egypt the exercise was held in January 2023 in Jodhpur,
“Exercise Cyclone II”, the 2nd edition of the Rajasthan.
India-Egypt Joint Special Forces Exercise,
commenced on 22nd January 2024 in Anshas,

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19th NAM Summit held in Kampala, Uganda; Republic of Uganda, under the
EAM S Jaishankar led Indian Delegation Chairmanship of H.E.
Union Minister Dr. Subrahmanyam Jaishankar, President Yoweri Kaguta Museveni.
Ministry of External Affairs (MEA) led the Indian ✓ For the year 2024, the Republic of Uganda
delegation at the 19th Non-Aligned Movement holds the Chairmanship of the G-77 in
(NAM) Heads of State and Government New York, United States of America (USA).
Summit held in Speke Resort Convention Center, Cuba held the chairmanship of the G-77
Munyonyo in Kampala, Uganda, on 19-20 January in 2023.
2024.
✓ During the summit, Uganda assumed the Davos 2024: 54th Annual Meeting of WEF Held
NAM chairmanship for 2024-2027. in Davos, Switzerland
Uganda took over the leadership from The 54th Annual Meeting of the World Economic
Azerbaijan (2019-2023). Forum(WEF), also known as “Davos Summit
✓ President of Uganda Yoweri Kaguta 2024” was held at Swiss Alpine School, Davos in
Museveni was elected as the chair of the Switzerland from 15th to 19th January 2024. The
19th NAM Summit and took over from H.E theme of 2024 summit is “Rebuilding Trust.
Ilham Aliyev, the President of Azerbaijan. ✓ India in partnership with WEF launched
the “Global Good Alliance for Gender
Uganda Hosts G77 + China Third South Summit: Equity and Equality”.
India Champions Global South's Role as Future ✓ Union Minister Smriti Irani announced the
Growth Engine establishment of the Business 20 (B20)
V.Muraleedharan, Minister of State, Ministry of Global Institute. This is in line with efforts
External Affairs represented India and addressed towards India’s commitment during G20
at the Plenary session of the Group of 77 +China summit held in New Delhi, Delhi in 2023.
(G-77+China) Third South Summit, held in ✓ Dinesh, President of CII and Charanjit
Kampala, Uganda on 21-23 January 2024. He Banerjee, DG of CII launched “CII India
emphasised the pivotal role of the Global South as Business Hub” in Davos, Switzerland. this
the world's "future growth engine." will act as forum to facilitate discussions
✓ The theme of (G-77+China) Third South on the growth of the Indian economy.
Summit was, "Leaving No One Behind." Click here to read full News
The third South Summit was hosted by the

BANKING & FINANCE

Govt Expands Scope of Financial Services at crime compliance, taxation, accounting, and
IFSC GIFT city; Notified 4 Additional Services bookkeeping - as a part of financial services.
The Ministry of Finance, Government of India (GoI)
has expanded the scope of financial services SBI Life has Launched ‘Saral Swadhan
offered at India's 1st International Financial Supreme’ and ‘Smart Swadhan Supreme’
Services Centre (IFSC) at Gujarat International SBI Life Insurance Company Limited (SBI Life) has
Finance Tec-City (GIFT City) in Gandhinagar, launched two new products ‘SBI Life -
Gujarat. Notified 4 additional services - Financial Saral Swadhan Supreme’ and ‘SBI Life - Smart
Swadhan Supreme’.

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✓ SBI Life - Saral Swadhan Supreme: A Bombay Stock Exchange) and NSE(National Stock
person with minimum age of 18 years and Exchange of India Ltd). The notified provisions will
maximum (max) age of 50 years can enroll come into effect from 30th day(February 22,
for the insurance product. And 65 years 2024) of issuance of the circular.
would be the max age for its maturity.
✓ SBI Life - Smart Swadhan Supreme: A
person with minimum age of 18 years and
max age of 60 years can enroll for the
insurance product. And 75 years would be
the max age for its maturity.

Max Life Insurance Launches 'SWAG Pension


Plan' with Customisable Annuity Options
Max Life Insurance Company Ltd. (Max Life)
launched “Max Life Smart Wealth Advantage
Guarantee Plan” (SWAG Pension Plan), that
offers customers to tailor their policies, choosing
from a range of annuity options according to their
unique requirements. SWAG Pension Plan is a
non-linked, non-participating individual/group
general annuity savings plan. General Insurance Council Launches "Cashless
Everywhere" Initiative
RBI Report: Panchayats Need to Intensify Their The General Insurance Council (GIC) has
Efforts to Increase Own Revenues launched the 'Cashless Everywhere' initiative in
Reserve Bank of India (RBI)’s report titled consultation with general and health insurance
‘Finances of Panchayati Raj Institutions’ states companies. The initiative aims to extend cashless
that Panchayats has to boost their efforts to treatment at all hospitals, thereby making the
increase their own revenues (which includes tax whole claims journey a frictionless process.
and non tax revenue) and improve their ✓ To claim the insurance under the initiative,
governance towards sustainable growth. the customer should notify their insurer 48
✓ According to the report, the own revenues hours before admission for elective
of the panchayats accounts for only 1.1% procedures, and 48 hours post admission
of their total revenue. The report has been in case of emergency treatment.
prepared in the Division of Local
Finances (DLF) of the Department of Canara HSBC Life Insurance Launches iSelect
Economic and Policy Research (DEPR). Guaranteed Future Plus
Canara HSBC Life Insurance Company Limited
SEBI releases Framework for Offer for Sale to has launched ‘iSelect Guaranteed Future Plus’, a
employees through Stock Exchange Non-Linked, Non-Participating, Individual Savings
The Securities and Exchange Board of India (SEBI) Life Insurance Plan. The policy offers four different
has released the Framework for Offer for Sale plans namely Endowment Option, Regular Income
(OFS) of Shares to Employees through Stock Option, Early Income Option and Long Term
Exchange Mechanism such as BSE(formerly Income with Return of Premium Option.

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SEBI extends Deadlines for listed entities to leakage into nature and oceans. Citi served as the
Verify Market Rumours Lead Manager for this bond.
The Securities and Exchange Board of India (SEBI)
has extended the timeline for market rumor REC & NIIFL signed a MoU on funding solutions
verification for the 2nd time. The deadlines were for renewable energy projects and large infra
extended to June 1, 2024 from February 1, 2024 projects
for the top 100 companies and to December 31, On January 26, 2024, REC Limited (formerly Rural
2024 from August 1, 2024 for the top 250 Electrification Corporation Limited) has signed a
companies. Memorandum of Understanding (MoU) with the
National Investment and Infrastructure Fund
Zomato Payments Gets Nod from RBI to Limited (NIIFL) to boost renewable energy and
Operate as Online Payment Aggregator infrastructure financing in India.
New Delhi(Delhi) based Zomato Payments Private ✓ Under this MoU, REC and NIIFL will work
Limited (ZPPL) has been granted a certificate of together on funding solutions for
authorisation from the Reserve Bank of India (RBI) renewable energy and large-scale
to operate as an 'Online Payment infrastructure projects in India.
Aggregator(PA)' with effect from 24th January
2024. NSRCEL IIM-B and SIDBI Launch Accelerator
Fund for Startups
WB introduces USD 100mn Plastic Waste Nadathur S Raghavan Centre for Entrepreneurial
Reduction-Linked Bond to Tackle Plastic Learning (NSRCEL) at Indian Institute of
Pollution Management Bangalore (IIMB) in Bengaluru,
World Bank launched 7-year USD 100 million Karnataka, signed a Memorandum of
principal-protected Plastic Waste Reduction- Understanding (MoU) with Small Industries
Linked Bond to support the World Bank's Development Bank of India (SIDBI) to provide a
sustainable development activities globally. The pre-seed fund support for technology-oriented
bond's focus is on preventing plastic waste startups in India.

ECONOMY & BUSINESS

India became Fourth-Largest Stock Market, BOB Financial Solutions rebranded as


Overtakes Hong Kong “BOBCARD Limited”
India has become the world's fourth-largest stock BOB Financial Solutions Limited, the wholly-
market by market capitalization with the combined owned card company of Bank of Baroda (BoB),
value of shares listed on Indian exchanges has been rebranded as 'BOBCARD Limited', with
reaching USD 4.33 trillion. India has thereby the tagline "Credit Reimagined". The new logo
surpassed Hong Kong whose combined value of called ‘Baroda Sun’ was also unveiled for the
shares is USD 4.29 trillion. The top three stock ‘BOBCARD Limited’. The logo comprises dual ‘B’
markets are the United States of America (USA), letterforms that hold the rays of the rising sun.
China, and Japan respectively.

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Titagarh Rail System,Amber Group Joined collaborated to establish a joint Special Purpose
Hands for Joint SPV Vehicle (SPV) for shared services.
Titagarh Rail System Limited (TRSL) of ✓ The SPV will set up a new facility in India to
Kolkata,West Bengal and Delhi based Amber manufacture critical railway components
group, via its wholly owned subsidiary Sidwal and subsystems used in the manufacture
Refrigeration Industries Pvt. Limited have of railway and metro coaches.

AWARDS & RECOGNITIONS

BCCI Awards 2024: Shubman Gill and Deepti ✓ Union Minister Amit Shah, Ministry of
Sharma Win Best International Cricketers of Home Affairs (MoHA) released
2022-23 a commemorative coin of denomination
Shubman Gill won the best men’s international Rs 100 and a postage stamp featuring
cricketer (Polly Umrigar Award) of 2022-23 in the Karpoori Thaku at Vigyan Bhawan, New
Board of Control for Cricket in India (BCCI) Delhi, Delhi.
Awards(Naman Awards) 2024 held in Hyderabad, ✓ Bihar Governor
Telangana. Rajendra Vishwanath Arlekar released a
✓ Deepti Sharma won the best women’s book titled ‘Rajkiya Samaroh’ at a state
international cricketer of 2022-23. function held at the Bihar Assembly
✓ BCCI Awards for the past four seasons premises in Patna, Bihar.
(2019-20, 2020-21, 2021-22, and 2022-
23) were awarded jointly at the 2024
Awards ceremony.
✓ Former India all-rounder and coach Ravi
Shastri and former Indian wicket-keeper
batsman Farokh Engineer were awarded
the Col. C. K. Nayudu Lifetime
Achievement Award.
✓ Ravichandran Ashwin won the Dilip
Sardesai Award for finishing as the highest
wicket-taker in Test cricket – 2022-23.
Click here to view full list of Winners of BCCI
Awards

Former Bihar CM & Socialist Icon Karpoori


Thakur Awarded Bharat Ratna Posthumously
Indian lawyer Ajit Mishra honoured with
Droupadi Murmu, President of India, awarded the
"Freedom of the City of London" Award
Bharat Ratna, India's highest civilian award, to
The City of London Corporation honoured Ajit
Former Bihar Chief Minister (CM) and Socialist
Mishra, an India-born Lawyer in the United
Leader Karpoori Thakur (posthumously). He
Kingdom(UK) with the "Freedom of the City of
becomes the 49th recipient of Bharat Ratna, and
London" Award for his contribution to
the 15th to be accorded posthumously.

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strengthening the business partnership between Winners of ICC Awards 2023:


the City of London and India. Category Winner Country
Sir Garfield Sobers
Padma Awards 2024: President approves 132 Trophy for ICC Men’s
Padma Awards; List Includes 5 Padma Cricketer of the Year Pat Cummins Australia
Vibhushan, 17 Padma Bhushan, 110 Padma Shri ICC Men’s Test
Awards, With 9 Posthumous Awardees Cricketer of the Year Usman
Ministry of Home Affairs (MHA) has announced the 2023 Khawaja Australia
Padma Awards for 2024. Emmanuel Macron, ICC Men’s ODI
President of France was the chief guest on 75th Cricketer of the Year
2023 Virat Kohli India
Republic Day of India.
Padma Awards 2024: ICC Men’s T20I
Cricketer of the Year Suryakumar
✓ Droupadi Murmu, the President of India
2023 Yadav India
has approved the conferment of 132
Click here to read full news
Padma Awards for 2024.
✓ The official list released comprises 5
Overview of 69th Hyundai Filmfare Awards:
Padma Vibhushan, 17 Padma Bhushan,
12th Fail & Animal Won Major Award
and 110 Padma Shri awards, which include
The 69th Hyundai Filmfare Awards (Filmfare
2 duo cases (in a duo case, the award is
Awards 2024) was held in Gujarat International
counted as one).
Finance Tec-City (GIFT City) in Gandhinagar,
✓ The list also comprises 8 persons from the
Gujarat from 27th to 28th January 2024.
category of Foreigners/ NRI/ PIO/OCI and 9
✓ Vidhu Vinod Chopra's directorial venture
Posthumous awardees.
“12th Fail” won 5 awards at the 69th
✓ A total of six foreigners were included in
Filmfare Awards 2024, including Best Film
the list of winners of the Padma Awards for
and Best Director.
the year 2024.
✓ Sandeep Reddy Vanga’s “Animal” movie
✓ Among 6 foreign nationals, 4 people are
also won 5 awards including Best Actor In
from France, one from Taiwan and Papua
A Leading Role (Male) and Best Music
New Guinea each.
Album.
List of Padma Awards 2024
✓ Indian Film Director and
Editor David Dhawan was conferred with
ICC Awards 2023: India’s Virat Kohli &
the Lifetime Achievement Award
Suryakumar Yadav become the Men's ODI &
2024 for his immense contributions to
T20I cricketers of the year, Respectively
Indian cinema.
The International Cricket Council (ICC)
Click here to read full news
announced the winners of the ICC Awards 2023,
India’s Virat Kohli has won the ICC Men’s One Day
14th National Voters Day: President Droupadi
International (ODI) Cricketer of the Year 2023, and
Murmu Presented Best Electoral Practices
Suryakumar Yadav has won the ICC Men's
Awards 2023
Twenty20 International (T20I) Cricketer of the Year
Droupadi Murmu, President of India, presented
2023.
the Best Electoral Practices Awards 2023 during
the event organised by Election Commission of

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India(ECI) as a part of the 14th National Voters ✓ During the event, ECI also launches the
Day (NVD 2023) on 25th January 2024 in New logo and tagline “Chunav ka Parv, Desh
Delhi, Delhi. ka Garv” (Festival of Elections, Pride of the
✓ A total 16 awards were presented during Nation) of the multi-media campaign for
the event. These include 13 individuals for Voter Education and Awareness for the
ECI’s Best Electoral Practices Awards; forthcoming Parliamentary (lok sabha)
and 3 Organization for ECI Media Awards. elections 2024
Click here to read full News

APPOINTMENTS & RESIGNATIONS

Indian Cricketer Ravindra Jadeja Appointed as Nitish Kumar Sworn in as Bihar CM for 9th time;
Brand Ambassador of VARNI Samrat Chaudhury, Vijay Kumar Sinha Took
VARNI, the premium electronic product brand, has Oath as Deputy CMs
appointed Indian cricketer Janata Dal (United) (JD-U) President Nitish Kumar
Ravindrasinh Anirudhsinh Jadeja (Ravindra Jadeja) took oath as the Chief Minister (CM) of Bihar for
as its brand ambassador. the 9th time after he joined hands with the
Bharatiya Janata Party (BJP)-led National
Former PM Tshering Tobgay Set to Become PM Democratic Alliance (NDA) and its partners to
of Bhutan for 2nd Time form a new government in Bihar.
Bhutan's former Prime ✓ He was administered the oath of office
Minister (PM) by Bihar Governor Rajendra Arlekar at Raj
Tshering Tobgay, Bhavan, Patna (Bihar). Along with him,
President of People’s Samrat Chaudhury, and Vijay Kumar
Democratic Party (PDP), is Sinha took oath as Deputy CMs.
set to become PM of Bhutan
for 2nd term. He served as PM for the 1st time Comoros President Azali Assoumani won 4th
from 2013 to 2018. Tshering Tobgay will succeed term as President
Lotay Tshering, who served as the PM of Bhutan Azali Assoumani has been re-
from 2018 to 2023. elected as the President of the
Union of Comoros for a fourth 5
year term. He won the 2024
Comorian Presidential Election
with 62.97% of the total votes. Azali Assoumani
has been serving as the President of Comoros
since 1999. This marks his 3rd consecutive term
and he will rule until 2029.

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ACQUISITIONS & MERGERS

Japan’s Softbank Sold Another 1.95% Stake in Limited (Target), a wholly-owned


Paytm subsidiary of Shanghai(China) based SAIC
Japan-based Softbank Group Corp has sold Motor, by JSW Ventures Singapore Pte.
another 1.95% of paid-up share capital in Paytm’s Limited(Acquirer).
parent company One97 Communications for ✓ Acquisition of 100% equity share capital of
approximately Rs 950 crore. This reduced Wistron Infocomm Manufacturing (India)
Softbank’s share in Paytm to 5.06% from 7.01%. Private Limited (Target) from SMS
Infocomm (Singapore) Private Limited and
HDFC Bank Disposes 2.01% stake in CAMS for Wistron Hong Kong Limited by Tata
Rs.252.34 Cr Electronics Private Limited.
HDFC Bank Limited has sold 2.01% of the paid-up ✓ Merger of Bengaluru (Karnataka) based
share capital in Chennai (Tamil Nadu) based Fincare Small Finance Bank Limited
Computer Age Management Services Limited (Fincare SFB) and Jaipur (Rajasthan) AU
(CAMS) for all cash consideration of Rs.252.34 Small Finance Bank Limited (AU SFB) with
crore. This reduced the HDFC Bank’s AU being the merged entity.
shareholding in CAMS to 3.94% from 5.95%. ✓ Acquisition of shareholding in Religare
Enterprises Limited (Target) by Puran
Sony Terminates Merger Agreement with Zee Associates Private Limited, M.B. Finmart
Entertainment Private Limited, and VIC Enterprises
Culver Max Entertainment Private Limited (CME), Private Limited, Milky Investment and
formerly known as Sony Pictures Networks India Trading Company.
Private Limited (SPNI) has officially terminated its
USD 10 Billion merger agreement with Zee LIC Gets RBI Nod to Raise Up to 9.99% Stake in
Entertainment Enterprises Limited (ZEEL). HDFC Bank
Life Insurance Corporation of India (LIC) has got
CCI Approvals on 23rd January 2024 the Reserve Bank of India (RBI)’s approval to raise
The Competition Commission of India (CCI) has its stake up to 9.99% in the Housing Development
approved the following on 23rd January 2024. Finance Corporation (HDFC) Bank.
✓ Acquisition of around 38% of the paid-up
share capital of M G Motor India Private

SCIENCE & TECHNOLOGY

NASA Unveils X-59 Quiet Supersonic Jet Known Lockheed Martin’s Skunk Works facility in
as ‘Son of Concorde’ Palmdale, California, United States of America
The National Aeronautics and Space (USA).
Administration (NASA) and Lockheed Martin, a
global aerospace and defense company unveiled CoRover.ai Launched India's first Indigenous
the X-59 quiet Supersonic Jet, a one-of-a-kind GenAI 'BharatGPT'
experimental aircraft known as the 'Son of CoRover Private Limited(CoRover.ai) launched
Concorde'. X-59 Supersonic Jet was revealed at India's 1st indigenous Generative AI (GenAI) Large

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Language Model (LLM) called BharatGPT Indian Navy Tests Extended Range Version Of
(Generative Pre-trained Transformers). This is the BrahMos Missile
only Indian Indigenous GenAI platform available Indian Navy (IN), in collaboration with BrahMos
across channels in 14+ Indian languages, with Aerospace Private Limited (BAPL), test-fired an
generative Video, Voice & Text. extended-range BrahMos supersonic cruise
✓ BharatGPT is integrated for voice modality missile (BrahMos ER) on 24th January 2024. BAPL
in more than 14 Indian languages and 22 is a joint venture (JV) between Russia’s NPO
languages for text modality, in partnership Mashinostroyeniya (NPO Mash) and India’s
with BHASHINI (BHASHa INterface for Defence Research and Development Organisation
India), a National Language Translation (DRDO).
Mission (NLTM) under the Ministry of
Electronics and Information Technology Shailesh Kumar Singh, MoRD Secretary
(MeitY). launched SARATHI App for DAY-NRLM
Shailesh Kumar Singh, Secretary of Ministry of
Cameroon became the First Country to Roll Out Rural Development (MoRD), has launched the
Malaria Vaccine in Child Immunization Program “SARATHI” mobile application(app) for
The Republic of Cameroon, a Central African Deendayal Antyodaya Yojana - National Rural
country, has become the first country in the world Livelihoods Mission (DAY-NRLM) at
to incorporate a malaria vaccine into its routine Krishi Bhawan, New Delhi, Delhi.
national immunization program. Cameroon uses a ✓ The app was developed in collaboration
RTS,S/AS01(Mosquirix) vaccine, the only vaccine with Bengaluru (Karnataka) based
that has demonstrated it can significantly reduce The/Nudge Institute. It is embedded in the
malaria in young children. LokOS system.
✓ World Health Organization (WHO) has
recommended two malaria vaccines – the ISRO Successfully Deploys Magnetometer
RTS,S/AS01 vaccine in 2021 and the Boom on Aditya-L1 in Halo Orbit
R21/Matrix-MTM vaccine in 2023, to The Indian Space Research Organisation (ISRO)
prevent malaria in children. successfully deployed the 6-metre long
magnetometer boom on the Aditya-L1 satellite in
Fifth ACTCM Barge ‘Yard 129 (LSAM 19)’ Halo orbit at the Lagrange point L-1 on 11th
launched at SPPL, Thane January 2024. The carbon fiber-reinforced
The fifth Ammunition Cum Torpedo Cum Missile polymer-made boom serves as a connector
(ACTCM) Barge, Yard 129 (LSAM 19) was between the magnetometer and the spacecraft,
launched by Commodore V Pravin AWPS and it is used to remove the magnetometer from
(Mumbai, Maharashtra) at M/s Suryadipta Projects the immediate vicinity of the spacecraft to
Private Limited (SPPL), Thane (Maharashtra). The minimize magnetic effects from the spacecraft.
Barge was built by Thane-based Micro, Small &
Medium Enterprises (MSME) M/s Suryadipta Iran Simultaneously Launches 3 Satellites for
Projects Private Limited. the 1st time Using Simorgh SLV
Iran simultaneously launched 3 satellites for the
1st time using the 2-stage, liquid-fueled Simorgh
(Phoenix) Satellite Launch Vehicle (SLV)
developed by the Ministry of Defence. The

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satellites were launched from the Imam Khomeini Indian Navy Decommissioned INS Nirupak at
Spaceport in Semnan province, Iran into Low Earth Visakhapatnam, AP
Orbit (LEO). The 3 satellites incldues a larger The Indian Naval Ship (INS) Nirupak, an
satellite named Mahda and two nanosatellites, indigenously designed and built hydrographic
Keyhan-2 and Hatef-1. survey ship, was decommissioned at the Naval
Dockyard, Visakhapatnam, Andhra Pradesh (AP).
INS Nirupak, the 3rd ship of the Sandhayak class,
was launched on June 1981 at Garden Reach
Shipbuilders & Engineers Ltd (GRSE) in Kolkata,
West Bengal (WB).

ENVIRONMENT

--------------

SPORTS

India’s Satwiksairaj and Chirag Wins Silver Championships 2024 held at the Sheikh Sabah
Medal in Men’s Doubles of India Open Al Ahmad Olympic Shooting Complex in Kuwait
Badminton 2024 City, Kuwait from 12-22 January 2024. India
Indian badminton pair Satwiksairaj Rankireddy and ranked fifth in the medal tally with 8 medals while
Chirag Shetty won the silver medal(Runners-up) in China secured first position with 13 medals(5
the men’s doubles of Yonex-Sunrise India Open Gold, 6 Silver, and 2 Bronze).
2024 held from 16th-21st January 2024 in K. D. ✓ India’s only gold medal at the Asian
Jadhav Indoor Stadium in New Delhi, Delhi. Shotgun Championships 2024 won by the
In the finals of the men’s doubles, the Indian pair women’s skeet team comprising Ganemat
lost to South Korean pair Kang Min Hyuk and Seo Sekhon, Maheshwari Chauhan, and Raiza
Seung Jae (Gold medallists). Dhillon.
India Open 2024 winners:
✓ Men’s singles: Shi Yu Qi (China) Brisbane Heat Cricket team wins Australia's Big
✓ Women’s singles: Tai Tzu Ying (Chinese Bash League 2023-24 title
Taipei) Brisbane Heat cricket team won Australia's Big
✓ Men’s doubles: Kang Min Hyuk - Seo Bash League(BBL) 2023-24 title by defeating
Seung Jae (South Korea) Sydney Sixers in the finals held at Sydney Cricket
✓ Women’s doubles: Mayu Matsumoto - Ground, Sydney(Australia). This victory marks
Wakana Nagahara (Japan) Brisbane Heat’s second BBL title including their
✓ Mixed doubles:Dechapol Puavaranukroh - win in 2012-13 and 2023-24 seasons.
Sapsiree Taerattanachai (Thailand)
Australian Open 2024: Jannik Sinner & Aryna
India Won Eight Medals in Asian Shotgun Sabalenka Win Men’s & Women’s Singles
Championships 2024 Respectively
The Indian contingent won 8 medals(1 Gold, 3 Australian Open 2024, the 112th edition of the
Silver, and 4 Bronze) in the Asian Shotgun Australian Open, the 56th in the Open Era, and the

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first major/Grand Slam of the year 2024 was held ✓ Hsieh Su-wei and Jan Zielinski won the
from 14-28 January 2024. mixed doubles title by defeating Desirae
✓ Jannik Sinner of Italy won the men’s Krawczyk and Neal Skupski in the finals.
singles title, while Aryna Sabalenka of ✓ Prithvi Sekhar won the singles title by
Belarus won the women’s singles title at defeating Gabor Mathe of Hungary at the
the Australian Open (AO) 2024 held at Rod Australian Open 2024 Deaf or Hard of
Laver Arena, Melbourne, Australia. Hearing (DHoH) Championships.
✓ India’s Rohan Machanda Bopanna becam
e the oldest man (at 43 years and 329 Football: East Bengal FC beats Odisha FC in
days) to win a Grand Slam after he and his Kalinga Super Cup 2024 Final
partner Matthew Ebden (Australia) won the Fourth edition of the 2024 Indian Super Cup (also
men’s doubles title at the Australian Open. known as the 2024 Kalinga Super Cup) final
✓ Elise Mertens and Hsieh Su-wei won the football match was held between East Bengal FC
women’s doubles title by defeating and Odisha FC at the Kalinga Stadium in
Lyudmyla Kichenok and Jelena Ostapenko Bhubaneswar, Odisha.
in the finals.

OBITUARY

Canada’s Former Pole Vault World Champion ✓ He received a Lifetime Achievement Award
Shawn Barber Passed Away from the Directors Guild of America in
Shawn Barber, Canada’s former Pole Vault World 2010.
Champion (2015) passed away at the age of 29 in
Kingwood, Texas, the United States of Italy’s Top Goalscorer Luigi 'Gigi' Riva Passed
America(USA). He was born on 27 May 1994 in Away
Las Cruces, New Mexico, the USA. He Italian national football team's all-time leading
represented Canada at the 2016 Summer goalscorer Luigi 'Gigi' Riva passed away at the age
Olympics in Rio de Janeiro (Brazil), finishing 10th. of 79 in Cagliari, Sardinia(Italy). He earned the
nickname of Rombo di Tuono (Roar of Thunder)
Canadian Filmmaker & Producer Norman for his physical strength, heading ability, and
Jewison Passed Away powerful left-footed shot.
Renowned Canadian director and ✓ He was part of the Italian national team
producer Norman Jewison Passed away at the that was a runner-up in the Fédération
age of 97 in Los Angeles, the United States of internationale de football association
America (USA). He was born on 21 July 1926 (FIFA)World Cup in 1970 (Host - Mexico)
in Toronto, Ontario, Canada. (winner- Brazil). He was also part of the
Awards/Honours: Italy team that won the Union of European
✓ He won the Irving G. Thalberg Memorial Football Associations (UEFA) European
Award 1998 at the 71st Academy Championship in 1968 (Rome).
Awards(Oscar). In 2003, Canada honoured
him with the Governor General’s
Performing Arts Award.

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Rana Talwar, 1st Indian & Asian to Head with the Bank of Punjab and became known as
Standard Chartered Bank Passed Away Centurion Bank of Punjab (CBoP).
Veteran banker Gurvirendra Singh Talwar (Rana
Talwar), the 1st Indian and Asian to lead a global Chandigarh’s 1st Hockey Olympian Sukhbir
bank, Standard Chartered Bank (SCB) Plc, passed Singh Gill Passed Away
away at the age of 76. He was born in 1948. He Sukhbir Singh Gill, the 1st hockey Olympian
began his career with Citibank India in 1969 and from Chandigarh, passed away at the age of 48 in
started heading the retail businesses of Citibank Chandigarh. He was born on 14th December 1975
across Asia-Pacific, the Middle East, and then in Chandigarh. He made his Indian team debut
Europe and North America. He also served as the (senior) at the 1995 Sultan Azlan Shah Cup in Ipoh,
chairman of Centurion Bank, which later merged Malaysia, and helped Indian team to win the title.

BOOKS & AUTHORS

Gujarat CM Unveils a Book on Smritivan Ahead Modi- the Maker of New India' in New Delhi,
23rd Anniversary of the Bhuj Earthquake Delhi. The book is written in Braille script to help
Chief Minister(CM) of Gujarat, Bhupendra Patel, people with visual impairment to know about the
has launched a coffee table book titled life journey of Narendra Modi, the 14th Prime
“Smritivan: An Unparalleled Apotheosis of Minister(PM) of India. The book is published by
Commemoration to 2001 Victims of Gujarat VRL Logistics Limited (formerly
Earthquake" in Gandhinagar, Gujarat ahead of the Vijayanand Roadlines Limited).
23rd anniversary of the Bhuj earthquake. The book
was published by the Gujarat State Disaster Assam CM Himanta Biswa Sarma releases 1st
Management Authority (GSDMA). volume of 'Political History of Assam (1947-
1971)'
Amit Shah launches a Book Titled ‘A Promised Assam Chief Minister(CM) Himanta Biswa Sarma
Nation Hon'ble Shri Narendra Modi- the Maker has released the first Volume of 'Political History
of New India’ in Braille Script of Assam (1947-1971)' at the event held in the
Union Minister of Home Affairs and Union Minister Lok Seva Bhawan in Guwahati(Assam). The book
of Cooperation, Amit Shah launched a book titled, is published by the Assam government and edited
'A Promised Nation Hon'ble Shri Narendra by an eminent historian Dr.Rajen Saikia.

IMPORTANT DAYS

Parakram Diwas 2024 - January 23 National Girl Child Day 2024 - January 24
Parakram Diwas, is annually observed across National Girl Child Day (NGCD) is annually
India on 23 January to commemorate the birth observed across India on 24th January to promote
anniversary of one of the prominent awareness about the rights of a girl child and to
independence fighters of India, Subhash Chandra promote the importance of their education, health,
Bose, popularly called Netaji. 23 January 2024 and nutrition. The day addresses issues like child
marks the 127th birth anniversary of Subhash marriage, discrimination, and violence against
Chandra Bose. The 1st ever Parakram Diwas was girls. NGCD was established in 2008 by the
celebrated on 23 January 2021.

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Ministry of Women and Child Development “Sustainable Journeys, Timeless


(MoWCD). Memories.”
✓ 24th January 2024 marks the observance
of 17th NGCD. The first ever NGCD was International Customs Day 2024 - January 26
observed on 24th January 2008. International Customs Day (ICD) is annually
observed across the globe on 26 January to
International Day of Education 2024- January 24 recognise the role of customs officials and
The United Nations (UN) International Day of agencies in maintaining border security and the
Education (IDE) is annually observed across the flow of goods across borders.
globe on 24 January to celebrate the role of ✓ 26 January 2024 marks the 71st
education in peace and development. The 2024 anniversary of WCO, an
theme of IDE is, "Learning for Lasting Peace." intergovernmental body dedicated to
✓ 24 January 2024 marks the 6th enhancing customs administrations
observance of the International Day of worldwide. The theme of ICD 2024 is
Education. The 1st ever International Day ‘Customs Engaging Traditional and New
of Education was celebrated on 24 Partners with Purpose.’
January 2019.
International Day of Commemoration in
14th National Voters' Day - 25th January 2024 Memory of the Victims of the Holocaust 2024 -
National Voters' Day (NVD) is annually celebrated January 27
across India on 25th January to create electoral The United Nations (UN) International Day of
awareness amongst citizens and encourage them Commemoration in Memory of the Victims of
to participate in the electoral process and to the Holocaust (International Holocaust
promote voter registration, particularly among the Remembrance Day) is annually observed across
youth. The day also marks the foundation day of the globe on 27 January to pay tribute to the
the Election Commission of India (ECI). memory of the victims of the Holocaust, also
✓ 25th January 2024 marks the observance known as Shoah.
of 14th National Voters’ Day and also ✓ The 2024 theme of International Day of
marks the celebration of 75 years of Commemoration in Memory of the Victims
service of ECI. of the Holocaust is, "Recognizing the
✓ The theme of NVD 2024 is “Nothing Like Extraordinary Courage of Victims and
Voting, I Vote For Sure”, a continuation of Survivors of the Holocaust."
the 2023 theme. ✓ 27 January 2024 marks the 79th
anniversary of the liberation of Auschwitz-
National Tourism Day 2024 - January 25 Birkenau. The 1st ever International Day of
National Tourism Day is annually celebrated Commemoration in memory of the victims
across India on 25 January to raise awareness of the Holocaust was observed on 27
about the importance and value of tourism to the January 2006.
economy of India. It also aims to promote and
create awareness about many tourist spots in World Leprosy Day 2024- January 28
India. World Leprosy Day (WLD) is annually observed
✓ The 2024 theme of National Tourism Day across the globe on the last Sunday of January to
observed on 25th January 2024 is celebrate people who have experienced leprosy,

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also known as Hansen’s disease, and to promote theme of WNTDD 2024 is “Unite. Act.
the dignity of people affected by the disease. Eliminate”.
✓ World Leprosy Day 2024 observed on
28th January 2024 marks the 71st First-Ever UN International Day of Clean Energy
observance of the day. The 2024 theme of – 26 January 2024
WLD is, “Beat Leprosy.” The first-ever United Nations (UN) International
Day of Clean Energy was globally observed on 26
World Neglected Tropical Diseases Day 2024- January 2024 to create awareness and mobilise
January 30 action towards a fair and inclusive transition to
World Health Organisation (WHO)’s World clean energy for the benefit of people and the
Neglected Tropical Diseases Day (WNTDD) is planet.
annually observed across the globe on 30 January ✓ 26 January is also the founding date of the
to create better awareness of the devastating International Renewable Energy Agency
impact of Neglected Tropical Diseases (NTDs) on (IRENA), 26 January 2024 marks the 15th
the poorest populations around the world. The anniversary of IRENA.

STATE NEWS

HP Govt Launches ‘My School-My Pride’ Sharat Chauhan became the New Secretary of
Campaign to Transform Govt Education System Union Territory of Puducherry
Himachal Pradesh (HP) Government has launched On January 29,2024, as per an order issued by the
the ‘My School-My Pride’ campaign under the Ministry of Home Affairs (MHA), Sharat Chauhan,
‘Apna Vidyalay’ programme, aligning with the Principal Commissioner, Finance, Planning and
National Education Policy (NEP)-2020 aimed to Investment Department, Arunachal Pradesh, is
enhance the quality of education in government appointed the new Chief Secretary of the Union
schools by fostering collaboration among various Territory of Puducherry.
stakeholders. ✓ He is replacing Rajeev Verma, a 1992
batch IAS officer of the AGMUT cadre, and
has been posted as Adviser to the
Administrator in Chandigarh.

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