January

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Important Monthly Current Affairs Capsule – January 2024
S. No Topics Page No
1. IMPORTANT DAYS 03
2. NATIONAL NEWS 09
3. INTERNATIONAL NEWS 53
4. STATE NEWS 67
5. BUSINESS NEWS 91
6. BANKING AND ECONOMY 96
7. AWARDS AND HONOURS 126
8. APPOINTMENTS & RESIGNATIONS 140
9. MOUS AND AGREEMENT 164
10. SCIENCE & TECHNOLOGY 199
11. DEFENCE NEWS 189
12. RANKING AND INDEXES 175
13. ACQUISITIONS & MERGERS 201
14. SPORTS NEWS 205
15. OBITUARIES 214

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IMPORTANT DAYS
World Braille Day: 4th January
● World Braille Day 2024 is observed on the 4th of January 2024.
● After its inventor, "Braille," the term was given.
● When Louis Braille was a young child, he inadvertently injured himself in the eye with his father's
awl, which caused him to lose his vision.
● He spent time at the Royal Institute for Blind Youth in France starting at the age of 10 when he
developed and improved the raised-dot technique that eventually became known as Braille.
World Day of War Orphans: 6th January

• World Day of War Orphans 2024 is observed on the 6th of January 2024.
• Children who lose their parents in sudden, violent events like war are forced to live with a surviving
relative or into the foster care system, where they must deal with horrible living conditions including
starvation and disease.
• According to UNICEF, there were "almost 140 million orphans worldwide" as of 2015. Of those, 61
million lived in Asia, 52 million in Africa, 10 million in Latin America and the Caribbean, and 7.3
million in Eastern Europe and Central Asia.
• SOS Enfants en Detresse, a French charity that aims to restore a sense of normalcy to the lives of
children indirectly impacted by war and conflict, established World Day for War Orphans.
Pravasi Bharatiya Divas Or NRI Day: 9th January

• NRI Day 2024 or Pravasi Bharatiya Divas 2024 is observed on the 9th of January 2024.
• It was in 2000 when the Indian government decided to recognize the NRI community on January
9th by observing Pravasi Bharatiya Divas.
• Mahatma Gandhi returned to India on January 9, 1915, from South Africa, which gives the ninth
of January its significance as NRI Day.
• Despite being formally established in 2000, this day wasn't actually observed until 2003.
World Hindi Day: 10th January

• World Hindi Day 2024 is observed on the 10th of January 2024.
• The inaugural World Hindi Conference, or Vishva Hindi Sammelan, was held in Nagpur,
Maharashtra, in 1975, which is when World Hindi Day first became a thing.
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• This day was dedicated to honouring both the Hindi language and the many authors who have
contributed to its literature.
• Every year, Vishva Hindi Divas is observed to honour the Conference's anniversary.
• On January 10, Hindi-speaking people around the world celebrate World Hindi Day.
National Human Trafficking Awareness Day 2024: 11th January
• National Human Trafficking Awareness Day 2024 is observed on the 11th January 2024.
• The fight against human trafficking made progress in the late 20th and early 21st centuries.
• The Trafficking Victims Protection Act, which was passed in 2000, was the first federal statute to
address contemporary slavery.
• Anti-Slavery International also founded the American nonprofit organization Free The Slaves.
• The resolution designating January 11 as National Human Trafficking Awareness Day was
approved by the US Senate in 2007.
Death Anniversary of Lal Bahadur Shastri 2024: 11th January

• Lal Bahadur Shastri was born on 2nd October 1904 at Mughalsarai, Varanasi, Uttar Pradesh.
• He was the second Prime Minister of Independent India and also a leader of the Indian National
Congress Party.
• Shastri ji joined the Indian Independence Struggle in the 1920s, where he took part in the non-
cooperation movement.
• The British sent him to prison for a while.
• He took part in the Salt Satyagraha in 1930, which led to his more than two-year imprisonment.
• He joined as the Parliamentary Board of U.P.'s organizing secretary in 1937.
National Youth Day: 12th January

• National Youth Day 2024 is observed on the 12th January 2024.
• On January 12, 1984, the Indian government declared Swami Vivekananda's birthday as National
Youth Day for the first time.
• Since then, the day is celebrated nationwide as National Youth Day.
Tripura, Manipur, and Meghalaya Foundation Day: 21st January

● Tripura, Manipur, and Meghalaya Foundation Day 2024 is observed on the 21st of January
2024.
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Tripura, Manipur, and Meghalaya Foundation Day History:

● Two princely states, Manipur and Tripura, united with India in 1949.
● Later, they were given the status of a union territory.
● In 1972, Meghalaya and Tripura were granted full sovereignty.
● The states were able to be established thanks to the North Eastern Region (Re-organization)
Act of 1971.
● India’s northeast in 1947 was made up of the Assam Plains, the North Eastern Frontier Tracts,
and the hill districts.
● In 1949, the princely kingdoms joined forces with India.
● The areas were created as union territories. Nagaland became a state in 1963.
● In 1972, the North Eastern Reorganization Act was adopted. As a result, Meghalaya and
Tripura were granted full statehood.
● The act also established the Assam Mizo and NEFA hills as union territories.
● In 1986, the Mizo Accord was ratified.
● In 1987, Mizoram became a sovereign state.
● NEFA, or Arunachal Pradesh, received full statehood in 1987.
International Day of Education: 24th January

• International Day of Education 2024 is observed on the 24th January 2024
• The International Day of Education was declared by the UN General Assembly in December 2018 as
a way to honor education and to think about how crucial learning is to progress and peace.
• Each of us has a responsibility to advance high-quality education.
• Institutions are not the only ones that can impart knowledge.
• Access to education, which most of us probably take for granted, can help many people escape
poverty and open the door to a bright future.
• Statistics provided by UNESCO indicate that an estimated 258 million youngsters are not enrolled in
school.
• The situation is worse for marginalized groups, people who reside in more unequal regions, and
citizens of developing nations.
• The sad truth is that innumerable societies in the modern world disregard education as unimportant.
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• The International Day of Education is a rallying cry for people, civil society, and policymakers to take
decisive action to guarantee that children receive primary and secondary education, as well as to
increase young involvement in education.
• Learning programs should be created to meet the requirements of various demographic groups
while focusing on one overarching objective: giving kids the education they need to find work and
have better lives.
National Girl Child Day: 24th January
• National Girl Child Day 2024 is observed on the 24th of January 2024.
• The Ministry of Women and Child Development of the Government of India established National Girl
Child Day in 2008, marking the beginning of the day's history.
• Children who are girls regularly experience discrimination and injustice in Indian society.
• They are frequently denied the opportunity to further their education and are required to help out
around the house starting at a very young age.
• The government aims to convey the urgent need to treat female children equally and give them the
opportunities they rightfully deserve through Girl Child Day.
• As a result, the government coordinates awareness programs to spread the word on every National
Girl Child Day.
National Voters Day: 25th January
• National Voters Day 2024 is observed on the 25th January 2024.
• The Election Commission of India (ECI), which was established in 1950, was founded on January
25.
• To encourage young people to participate in the election process, this day was first observed in
2011.
• Without a doubt, today is a celebration of both India's democracy and the freedom to vote.
• The primary goal of the Election Commission is to promote voter registration, especially among
qualified voters.
• Let us inform you that while the voting age was once 21 years old, it was decreased to 18 years old
in 1988.
• The voting age in India was lowered by the Sixty-First Amendment Bill of 1998.
National Tourism Day: 25th January
• National Tourism Day 2024 is observed on the 25th January 2024.
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• National Tourism Day has a long history dating back to the Indian government's proclamation of
January 25 as Tourism Day in India.
• This day was created to highlight the value of travel and raise awareness of how vital it is to the
economy of the nation.
• The nation as a whole warmly celebrates Indian tourism.
• The purpose of celebrating National Tourism Day is to increase public understanding of the social,
political, economic, and cultural ideals that ultimately influence travel.
• The strategic growth, management, and promotion of tourism are solely the responsibility of the
Ministry of Tourism, which is the principal institution in India for developing national policy.
• To promote tourism in the nation, it collaborates with the public sector and central government
organizations.
Republic Day 2024: 26th January

• Republic Day 2024 is observed on the 26th January 2024.
• The day honours the promulgation of the Indian Constitution on January 26, 1950.
• Even though India was freed from the British Raj in 1947, it wasn't until January 26, 1950, that the
Indian Constitution took effect and the nation was proclaimed a republic.
• The Constitution was adopted a year after the Constituent Assembly's final session on November
26, 1949, which was its first session on December 9, 1946.
• The Constitution's Drafting Committee was led by Dr BR Ambedkar. India also observes Constitution
Day on this day.
• Republic Day honours the spirit of India's independence.
• The Indian National Congress proclaimed the end of colonial authority on this day in 1930, declaring
Purna Swaraj. Republic Day also honours the right of Indian citizens to elect a democratically-run
government.
• To honour the creation of the Indian Constitution, the nation observes it as a national holiday.
International Customs Day: 26th January
• International Customs Day 2024 is observed on the 26th January 2024.
• The European Customs Union Study Group (E.C.U.S.G.) was established by the Committee for
European Economic Cooperation in 1948 to investigate the feasibility of establishing one or more
inter-European customs unions.
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• To increase the effectiveness of customs administrations around the world, the Customs
Cooperation Council (C.C.C.) was established in 1952.
• The C.C.C.'s first session was held on January 26, 1953, and there were 17 founding members
present.
• In 1983, the group established International Customs Day.
• The C.C.C. became a global organization and was renamed the W.C.O. in 1994 after decades of
growth and expansion outside of Europe.The W.C.O. has its headquarters in Brussels, Belgium.
International Holocaust Remembrance Day 2024: January 27

• International Holocaust Remembrance Day 2024 is observed every year on the 27th January.
• The UN General Assembly adopted resolution 60/7 on November 1, 2005, to designate January 27
as the International Holocaust Remembrance Day (IHRD).
• On January 27, 2006, the first commemoration of International Holocaust Remembrance Day was
held at the UN Headquartered in New York City.
• After that UN Headquarters commemorates this day every year.
• While UN offices and other state offices across the world conduct their ceremonies.
Indian Newspaper Day-January 29

• Indian Newspaper Day is a day to commemorate the birth of newspapers in India.
• The motive of this day is to promote Indian Newspapers.
• Indian Newspaper Day is celebrated every year on 29th January.
• Indian Newspaper Day commemorates the birth of the first Indian Newspaper on January 29,
1780.
• The ‘Hickey’s Bengal Gazette’, which was also known as the ‘Calcutta General Advertiser’, was
the first weekly newspaper.
• As per the summons of the Indian Newspaper Society, this day is celebrated on 29th January
every year.
Martyrs Day: 30th January

• Martyrs Day 2024 is observed on the 30th of January 2024.
• Gandhi promoted nonviolent protests throughout India's struggle for independence and encouraged
everyone to set an example.
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• With the British, he negotiated several peace deals before issuing the ultimatum to leave.
• Gandhi undertook the nearly impossible task of creating a nation out of numerous provinces and
territories as the Indian constitution was being ratified.
• Gandhi was vehemently opposed to the idea of partitioning India.
• Even after the Declaration of Independence, he held regular demonstrations to establish his
resistance.
• Gandhi’s objection to the partition was met harshly by Hindu nationalists, who accused him of
appeasing the Muslims.
• On the eve of January 30, Nathuram Vinayak Godse, a notorious Hindu nationalist, shot Gandhi
three times at point-blank.
• Gandhi was shot in the chest, putting an end to his lifelong fight for nonviolence.
• On Martyrs' Day, Indians from all over the world assemble to honor the memory of a great hero and
recognize the pointless carnage brought on by violent extremism.
NATIONAL NEWS
PM inaugurates, dedicates to the nation and lays the foundation stone of multiple development projects
worth more than Rs 20,000 crores in Tamil Nadu
• The Prime Minister, Shri Narendra Modi inaugurated, dedicated to the nation and laid the
foundation stone of development projects worth more than Rs 20,000 crores in Tiruchirappalli,
Tamil Nadu.
• The development projects include rail, road, oil and gas, and shipping sectors in Tamil Nadu.
• Governor of Tamil Nadu, Shri R N Ravi, Chief Minister of Tamil Nadu, Shri M K Stalin, Union
Minister for Civil Aviation, Shri Jyotiraditya Scindia, and Union Minister of State for Information and
Broadcasting, Shri L Murugan were among others were present on the occasion.
• The DFRP, developed at a cost of Rs. 400 crore, is equipped with a unique design, which is the
only of its kind in the world and can reprocess both carbide and oxide fuels discharged from the
fast reactors.
Modi govt raises Sukanya Samridhi Yojana interest rate ahead of Lok Sabha election 2024.3
• The Government recently raised the interest rates on the Sukanya Samriddhi Yojana (SSY)
scheme by 20 basis points to 8.2 per cent from the existing 8 percent.
• SSY is a savings scheme launched in 2015 under the Government of India's “Beti Bachao Beti
Padhao'' campaign, which aimed to promote the education of girl children.
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• SSY is a small-deposit scheme tailored specifically for the girl child.

• This scheme enables guardians to open a savings account for their girl child with an authorized
commercial bank or India Post branch.
PM Modi to inaugurate ‘India’s longest sea bridge' in Mumbai:
• The ambitious infrastructure project, the Mumbai Trans Harbour Link (MTHL) will be inaugurated
by Prime Minister Narendra Modi on 12 January, Maharashtra CM Eknath Shinde.
• The MTHL project is 22 km long, touted to be India's longest and the world's 12 longest sea bridge.
• The project consists of an approximately 22 km long 6-tier (3+3-lane, 2 emergency lane) bridge
connecting Shivdi in Mumbai city and Nhava on the mainland.
• Build at the cost of ₹17,843 crore, the six-lane bridge is among the most expensive projects.
• The MTHL will have interchanges at Sewri in Mumbai and Shivaji Nagar, Jassi, and Chirle on
National Highway 4B on the Navi Mumbai end.
Bharatmala Phase 1 deadline extended by six years to FY28t
• The government has recently extended the deadline for completion of the highway development
project Bharatmala Phase-I to 2027-28.
• Bharatmala Pariyojana is a centrally-sponsored project, approved by Cabinet Committee on
Economic Affairs (CCEA) in 2017.
• It was to be completed by 2022 to enhance road connectivity and facilitate economic growth by
constructing and upgrading highways across India.
• The Cabinet Committee had approved the first phase of Bharatmala Pariyojana in 2017 and was to
cost Rs 5.35 trillion.
VP Jagdeep Dhankhar to inaugurate Startup Expo in Kathua

● Vice President Jagdeep Dhankhar will inaugurate the Startup Expo in Kathua.
● Twenty-five startups from Northern States will showcase their products at the expo.
● Six women Entrepreneurs will also participate in the startup expo.
● The theme of the expo is Emerging Startup Trends in North India.
● Union Science and Technology Minister Dr Jitendra Singh, a lot of development took place in the
field of startups in the last nine years.
● The number of Startups in the country has grown to over one lakh from about 350 in 2014.
IIT Madras targets incubating 100 startups across various sectors in 2024
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● Indian Institute of Technology Madras (IIT Madras) is targeting incubating at least 100 start-ups
across various sectors next year, in 2024.
● Kamakoti said the institute is working hard towards maintaining the number 1 ranking in the National
Institutional Ranking Framework (NIRF).
● IITM has been ranked No.1 in the ‘Overall’ Category for the fifth consecutive year in India Ranking
2023 released by NIRF, Ministry of Education.
● The Institute has also been ranked No.1 in the ‘Engineering Institutions’ category in the same
Rankings for eight consecutive years – from 2016 to 2023.
● In 2023, the Supreme Court signed a Memorandum of Understanding with IIT Madras for
collaborating on using Artificial Intelligence (AI) and emerging technologies for transcription tools,
summarization of page transcript, translation Tool.
FinMin allows 30th tranche of electoral bonds
● The Centre has approved the issuance of the 30th tranche of electoral bonds that will open for sale.
● The window for purchase and encashment of electoral bonds will be available till January 11.
● Electoral bonds have been pitched as an alternative to cash donations made to political parties as
part of efforts to bring transparency to political funding.
● The sale of the first batch of electoral bonds happened in March 2018.
● The latest window — the 30th tranche —comes ahead of the general elections due later this year.
India to become world’s largest metallurgical coal importer by 2026
● India will become the largest metallurgical coal importer in the world by 2026.
● According to the International Energy Agency (IEA), global metallurgical coal trade will increase by
about 2% to 353 million tonnes (MT) in 2026.
● Rise in India’s metallurgical coal imports will be aided by growing industrialization, higher steel
consumption and limited availability of coking coal.
● The IEA predicted that rising imports from other countries will balance off a decline in metallurgical
coal imports into China of roughly 28 MT, or 28% compared to 2023.
● IEA said imports into India will increase by 2026, by 16 MT (or 21%).
● According to IEA, the global metallurgical coal imports are expected to have increased by about 11%
y-o-y to 352 MT in 2023.
Govt extends tenure of PLI scheme for Auto industry by a year with partial amendments
● The tenure of the PLI scheme for the automobile industry has been extended by the government by
a year.
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● The tenure of the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components
has been extended by the government by one year with partial amendments.
● Under the amended scheme, the incentive would apply for five consecutive financial years,
beginning from the financial year 2023-24 (FY24).
● The distribution of incentives will take place in the next financial year 2024-25.
● The scheme also clarifies that an approved applicant would be eligible for benefits for 5 consecutive
financial years, but not more than the financial year ending March 31, 2028.
Defence Minister Rajnath Singh inaugurates all-girls Sainik school in Mathura
● Defence Minister Rajnath Singh inaugurated India’s first all-girl Sainik School at Vrindavan in the
Mathura district of Uttar Pradesh.
● Samvid Gurukulam Girls Sainik School has been opened under the initiative of opening 100 new
Sainik Schools in partnership mode with NGOs/private/state government schools in all states/union
territories.
● Training at the CBSE-affiliated school will be given by ex-servicemen.
● It has a strength of around 870 students.
● The main objective behind opening 100 new Sainik Schools is to provide quality education to the
students in tune with the National Education Policy (NEP).
● The inspiration for setting up the Sainik Schools came from the Royal Indian Military College (RIMC)
and Royal Indian Military Schools.
Shri Amit Shah launched the portal developed by NAFED and NCCF for registration, procurement and
payment of tur dal producing farmers in New Delhi
• Union Home Minister and Minister of Cooperation Shri Amit Shah launched the portal developed
by the National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED)and National
Cooperative Consumers' Federation of India Limited (NCCF) for registration, procurement and
payment of tur dal producing farmers in New Delhi.
• Shri Amit Shah addressed the national symposium organized on ‘Self-reliance in Pulses’.
• Union Minister of Agriculture and Farmers Welfare Shri Arjun Munda, Minister of State for
Consumer Affairs Shri Ashwini Choubey, Minister of State for Cooperation Shri B. L. Verma and
many other dignitaries were present on the occasion.
• The portal will be launched at a national symposium on 'self-reliance in pulses' to be held here in
the capital.
CCI proposes draft rules on penalty under amended law
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• The Competition Commission of India has proposed that indirect taxes, trade discounts, and
intra-group sales will not be considered while computing the turnover of an entity for imposing a
penalty for any violation of the rules.
• The Competition (Amendment) Act, 2023, inter alia, amended Section 27, 48 and Section 64 of
the Act empowers the CCI to frame regulations for imposition of penalty on enterprise and/or
person based on turnover or income of such enterprise and/or person.
• Under Section 27 of the Competition Act, 2002, the CCI can impose penalties on enterprises or
individuals for participating in anti-competitive agreements or abusing a dominant position.
Cabinet approves Ayodhya Airport as an International Airport and naming it as “Maharishi Valmiki
International Airport, Ayodhyadham”
• The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the proposal
to declare Ayodhya Airport as an International Airport and naming it as “Maharishi Valmiki
International Airport, Ayodhyadham”.
• Elevating Ayodhya Airport to international status is paramount for realizing Ayodhya's economic
potential and its significance as a global pilgrimage site, opening doors to foreign pilgrims and
tourists.
• The airport’s name, "Maharishi Valmiki International Airport, Ayodhyadham," pays homage to
Maharishi Valmiki, the sage attributed to composing the epic Ramayana, adding a cultural touch to
the airport's identity.
Cabinet approves signing of a Memorandum of Understanding (MoU) between India and United States
for International Development/India (USAID/India) for supporting Indian Railways to achieve Mission
Net Zero Carbon Emission
• The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, was apprised of signing of
Memorandum of Understanding between India and United States for International
Development/India (USAID/India) for supporting Indian Railways to achieve Mission Net Zero
Carbon Emission by 2030.
• The MoU provides a platform for Indian Railways to interact and share the latest developments
and knowledge in the railway sector.
• Earlier, USAID/India had also worked with IR focused on deployment of rooftop solar across
railway platforms.
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Cabinet approves signing of Memorandum of Understanding between India and Guyana on cooperation
in the hydrocarbon sector
• The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the signing of
Memorandum of Understanding (MoU) between the Ministry of Petroleum & Natural Gas,
Government of India and the Ministry of Natural Resources, Republic of Guyana on cooperation in
the hydrocarbon sector.
• The proposed MoU covers the complete value chain of hydrocarbon sector including sourcing of
crude oil from Guyana, participation of Indian companies in Exploration and Production (E&P)
sector of Guyana, cooperation in the areas of crude Oil refining, capacity building, Strengthening
bilateral trade, collaboration in natural gas sector, collaboration in developing regulatory policy
framework in oil & gas sector in Guyana; Cooperation in the area of clean energy including biofuels
as well as renewables sector including solar energy etc.
Cabinet approves Memorandum of Understanding between Indian Space Research Organization
(ISRO) and Mauritius Research and Innovation Council (MRIC) concerning cooperation on the
development of a Joint Small Satellite
• The Union Cabinet chaired by Hon’ble Prime Minister Shri Narendra Modi was apprised of a
Memorandum of Understanding signed at Port Louis, Mauritius between Indian Space Research
Organization (ISRO) and Mauritius Research and Innovation Council (MRIC) under the aegis of
the Ministry of Information Technology, Communication, and Innovation of the Republic of
Mauritius, concerning cooperation on the development of a Joint Small Satellite.
• Signing of this MoU shall enable the joint realisation of small satellite between ISRO and MRIC.
The satellite realisation is proposed to be completed in 15 months’ time frame.
• The estimated cost for realisation of the joint satellite is Rs.20 crore, which will be borne by the
Government of India. This MoU does not involve any other exchange of funds between the Parties.
Cabinet approves overarching scheme “PRITHvi VIgyan (PRITHVI)” of the Ministry of Earth Sciences
• The Union Cabinet Chaired by the Prime Minister, Shri Narendra Modi has approved the
overarching scheme “PRITHvi VIgyan (PRITHVI)” of Ministry of Earth Sciences, for implementation
during the period from 2021-26 at an overall cost of Rs. 4,797 crore.
• The scheme encompasses five ongoing sub-schemes namely “Atmosphere & Climate Research-
Modelling Observing Systems & Services (ACROSS)”, “Ocean Services, Modelling Application,
Resources and Technology (O-SMART)”, “Polar Science and Cryosphere Research (PACER)”,
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“Seismology and Geosciences (SAGE)” and “Research, Education, Training and Outreach
(REACHOUT)”.
India launches a single-window portal for medical devices management
• India has launched National Single Window System (NSWS) to streamline the imports of Medical
Devices.
• It has been designed by Tata Consultancy Services (TCS).
• This portal will act as as a one-stop shop for all the approvals required by the investor and
facilitates ease of doing business.
• The NSWS portal, distinct from the existing SUGAM and cdscomdonline portals, has been
developed by Tata Consultancy Services (TCS).
Hit-and-run law: Truckers end protest after Centre says decision after talks
• Centre will implement the new 'Hit-and-Run Law' after consulting with truckers.
• Truck drivers' associations called off their nationwide protest against the new penal provisions in
the Bharatiya Nyay Sanhita (BNS) regarding hit-and-run cases.
• The Home Ministry, this after discussions with representatives of the All India Motor Transport
Congress, the second day of the strike.
• The new law provided that if drivers cause a serious road accident by negligent driving and run
away without informing the police or any administrative officer, they can face imprisonment of up to
10 years or a fine of Rs 7 lakh.
Union Minister Sarbananda Sonowal to chair first Inland Waterways Development Council Meeting in
Kolkata
• Union Ports, Shipping and Waterways Minister Sarbananda Sonowal will chair the first Inland
Waterways Development Council Meeting in Kolkata.
• During the meeting, Mr Sonowal will unveil groundbreaking initiatives, including Harit Nauka -
Guidelines for Green Transition of Inland Vessels and the River Cruise Tourism Roadmap 2047.
• The Ministry has set a target to elevate the modal share of Inland Water Transportation from the
current two per cent to five per cent, aligning with the goals outlined in the Maritime India Vision
2030.
SVAMITVA Scheme wins Best Innovation Award for Innovation Sandbox presentation during Public
Policy Dialogues–2024 at Indian School of Business, Hyderabad
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• The Ministry of Panchayati Raj participated in the Innovation Sandbox presentation and
showcased the “Digital Transformation Initiatives in Land Governance through SVAMITVA
Scheme” detailing the processes followed by States to digitalize land governance systems
transparently and efficiently.
• The Ministry of Panchayati Raj has been conferred with the prestigious 1st Prize in the Innovation
Sandbox presentation for “Digital Transformation Initiatives in Land Governance through
SVAMITVA Scheme” at the second annual three-day “Public Policy Dialogues” Conclave of the
Bharti Institute of Public Policy (BIPP), Indian School of Business (ISB), Hyderabad during 3rd
January – 5th January 2024.
Shri Nitin Gadkari inaugurates and lays the foundation stone of 12 National Highway projects with a
total length of 105 km worth over Rs 1464 Crore in Kerala
• Shri Nitin Gadkari inaugurated and laid the foundation stone of 12 National Highway projects with a
total length of 105 km, worth over ₹1464 Crore, in the presence of Union MoS Shri V.
Muraleedharan, Kerala PWD Minister Shri. P. A. Mohammed Riyas , MP from Kasargod Shri
Rajmohan Unnithan, MLAs, and Senior Officials in Kasargod, Kerala.
• The proposed projects aim to enhance seamless connectivity between Tamil Nadu and Kerala,
ensuring swift and trouble-free transportation.
• This initiative holds the promise of reducing overall transportation costs.
PM inaugurates Kochi-Lakshadweep Islands Submarine Optical Fibre Connection
• Prime Minister, Shri Narendra Modi, in Kavaratti, Lakshadweep, inaugurated the Kochi-
Lakshadweep islands submarine optical fibre connection (KLI-SOFC) project among various
developmental projects worth more than Rs 1,150 crore covering a wide range of sectors including
technology, energy, water resources, healthcare and education.
• It is the submarine cable connectivity project from the Mainland (Kochi) to eleven Lakshadweep
Islands namely, Kavaratti, Agatti, Amini, Kadmat, Chetlet, Kalpeni, Minicoy, Androth, Kiltan,
Bangaram and Bitra has been extended.
• The project is funded by the Universal Services Obligation Fund (USOF), Department of
Telecommunication.
• Total link distance: 1,868 kilometres. Total cost of project : Rs 1072 crore plus taxes.
Election Commission tweaks rules for allocation of symbols to unrecognised political parties
• The Election Commission of India introduced new regulations for allocating symbols to Registered
Unrecognised Political Parties (RUPPs).
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• Now, these parties must provide:

• audited accounts from the last three financial years,
• expenditure statements from the last two elections, and
• the signature of the authorized party official along with their symbol application.
• Article 324 of the Indian Constitution grants the ECI the authority to register political parties.
• The registration of all political parties is governed by the provisions of Section 29A of the
Representation of the People Act, 1951.
Amit Shah launches portal for procurement of pulses

• To register farmers for selling the dal and receiving payments directly into their bank accounts,
Cooperation Minister Amit Shah launched a procurement portal e-samridhi for tur dal.
• He appealed to the farmers to adopt pulses and make the country self-reliant in the pulses sector
before January 1, 2028 so that India does not have to import even a single kilogram of pulses.
• This portal will help to streamline the entire process for tur dal growers in Maharashtra, Andhra
Pradesh, Telangana, Gujarat, Karnataka and Jharkhand.
MoU for several investments to be signed on second day of global investors meet in Tamilnadu
• During the Global Investors Meet, discussions were held on climate change missions, circular
economy, AI, and providing a robust environment for start-ups and SMEs.
• Several investment MoUs were expected to be signed.
• The Additional Chief Secretary to the Department of Environment announced that three missions
- Green Tamil Nadu, Climate Change, and Wetlands - have been implemented.
• The Tamil Nadu Coastal Mission will soon be implemented.
• Climate protection teams will be created in every district.
• Industries were encouraged to develop initiatives to achieve zero carbon emissions.
Gujarat to host tenth edition of Vibrant Gujarat Global Summit commencing in Gandhinagar
• Gujarat is all set to host the tenth edition of the Vibrant Gujarat Global Summit commencing at
Mahatma Mandir in Gandhinagar.
• The Tenth edition will celebrate “20 Years of Vibrant Gujarat as the Summit of Success”.
• The theme of the summit this time is 'Gateway to the Future'.
India tops the list of source markets for tourism into Sri Lanka in 2023
• India has topped the list of source markets for tourism into Sri Lanka in 2023.
.
• The island has welcomed 1.487 Million tourists during the last year with India contributing over
20% arrivals.
• In all, over 3 lakh Indian tourists reached Sri Lanka in 2023 followed by Russia which contributed
1.97 lakh.
• Tourism holds a pivotal position in Sri Lanka’s economy as a top foreign revenue source.
• Tourism contributed 2.1 billion US Dollars from 1.1 billion Dollars achieved in the previous year.
• The connectivity between the two countries has improved over the last year as air travel resumed
between Jaffna and Chennai in December 2022.
India starts four-year term as UN Statistical Commission member
• India started its four-year term as a member of the United Nations Statistical Commission.
• The country had won the election to the global statistics body in April after a gap of nearly two
decades.
• The period of India’s term corresponds with the time that the 24-member body will decide on new
norms for national accounts, which will also play an important role in changing India’s GDP
calculations.
About UN Statistical Commission
• The UN Statistical Commission was established in 1947 and is the highest body of the global
statistical system.
• The Commission consists of 24 member countries. The term of office of members is four years.
• India was a member of the Statistical Commission last in 2004 and the country is returning to the
UN agency after a gap of two decades.
• Headquarters: New York.
PM Modi Inaugurates India's Largest Global Trade Show at Vibrant Gujarat Summit 2024
• Prime Minister Narendra Modi inaugurated the country's largest Global Trade show at
Gandhinagar one day ahead of the Vibrant Gujarat Global Summit 2024.
• President of Mozambique, Filipe Nyusi and President of Timor Leste, José Ramos-Horta, Gujarat
CM Bhupendra Patel were present on the occasion.
• Spread across an area of two lakh square meters, the Vibrant Gujarat Global Trade Show will be
India’s largest-ever Global Trade Show.
• A total of 100 countries are participating in the five-day trade show as visiting countries, while 33
countries are joining as partners.
E-way bills without e-invoice details for B2B, B2E transactions to be blocked from March 1
• Selected GST payers will not be able to generate e-way bills without details of e-invoice with effect
from March 1, 2024.
• This is applicable for e-invoice-enabled taxpayers and for the transactions related to supplies
under B2B (Business to Business) and exports.
• However, EWBs for other transactions such as B2C (Business and non-supplies) will function as
usual without any change.
• As on date, businesses with an annual turnover of ₹5 crore or more are mandatorily required to
generate e-invoices, which means 10 lakhs assesses are required to comply with this.
• This number does not include exempted categories such as banks, non-banking financial
companies, or insurance companies.
PM Modi inaugurates and lays foundation stone of several development projects worth 30,500 crore
rupees in Maharashtra
• Prime Minister inaugurated and laid the foundation stone of a slew of development projects worth
over 30,500 crore rupees in Maharashtra.
• In Mumbai, Prime Minister inaugurated the Atal Bihari Vajpayee Sewari - Nhava Sheva Atal Setu,
which aims to improve ease of mobility by strengthening urban transport infrastructure. Built at
cost of 17,840 crore rupees, Atal Setu is the longest sea bridge in the country.
• Prime Minister inaugurated, dedicated to the nation and laid the foundation stone of multiple
development projects worth more than 12,700 crore rupees in the public programme in Navi
Mumbai.
Dr Mansukh Mandaviya inaugurates National Institute of Pharmaceutical Education and Research in

Guwahati, Assam
• Dr Mansukh Mandaviya, Union Minister of Chemicals and Fertilizers & Health and Family
Welfare virtually inaugurated the permanent campus of National Institute of Pharmaceutical
Education and Research (NIPER) in Guwahati, Assam.
• He also laid the foundation stone of NIPER Hyderabad and NIPER Raebareli.
• In a significant boost to healthcare infrastructure in the Northeast, Dr Mandaviya dedicated five
new facilities in the Regional Institute of Paramedical and Nursing Science (RIPANS) in Aizawl,
Mizoram to the nation
NSPAAD launches Mobile app ‘Report Fish Disease’ to monitor fish diseases across country
.
• The National Surveillance Programme for Aquatic Animal Diseases (NSPAAD) project has
introduced a mobile app ‘Report Fish Disease’ to track and monitor fish diseases across the
country.
• The mobile application intends to empower fish farmers with a convenient and efficient platform
to report diseases on their farms.
• Central Institute of Fisheries Technology (CIFT) is one of the collaborative partners of the
NSPAAD project of which ICAR-NBFGR is the lead institute, under which this app is developed.
.
Health Ministry notifies revised Pharma manufacturing rules under schedule M to ensure quality control
• The Union Health Ministry announced the implementation of the revised Schedule M as part of
the Drugs and Cosmetics Rules, 1945.
• This amendment introduces stringent Good Manufacturing Practices (GMP) and mandates the
requirements of premises, plant, and equipment for pharmaceutical products.
• The revision aims to bring Indian GMP recommendations in line with international standards,
particularly those of the World Health Organization (WHO).
• The revised rules are to be implemented based on company turnovers where -
• The medium and small manufacturers (with an annual turnover of less than ₹250 crore) will have
to implement the revised rules within 12 months from its date of publication.
CCEA approves introduction of sulphur coated urea at ₹266.50 for 40 kg bag
• The Ministry of Chemicals and Fertilizers recently conveyed the government's decision on the
Price of Urea Gold to all fertilizer manufacturing companies.
• The government introduced "Urea Gold," a sulphur-coated urea, to combat soil deficiencies.
• The Cabinet Committee on Economic Affairs (CCEA) fixed the maximum retail price (MRP) of
Urea Gold at ₹266.50 per 40 kg bag, aligning it with 45 kg bags of Neem Coated Urea.
DPIIT organises Startup India Innovation Week 2024

• The Department for Promotion of Industry and Internal Trade (DPIIT) is organising the Startup
India Innovation Week 2024 from 10th January to bring together the country’s startups,
entrepreneurs, investors, policymakers, and other stakeholders.
• The Startup India initiative was launched by the Prime Minister Narendra Modi on 16th January
2016 to build a strong ecosystem for nurturing innovation, boosting startups, and encouraging
investments in the startup ecosystem of the country.
.
• Commerce and Industry Ministry said, the Indian startup ecosystem has grown from strength to
strength over the years.
Land Ports Authority Releases Report on Gender-Inclusive Framework for Cross-Border Trade in
India
• Land Ports Authority of India (LPAI) has released a report on 'Engendering Land Ports in India' in
New Delhi.
• The main objective of the report is to develop a framework for gender inclusive cross border
trade and tourism through land Ports in the country.
• Chairman of LPAI Aditya Mishra, a step towards making a gender-positive environment.
• The Land Ports Authority of India will implement the recommendation of the reports to make land
Ports more gender neutral.
Shri Nitin Gadkari inaugurates, lays foundation stones of 29 highway projects worth Rs. 4,000 crore in
Punjab
• Union Minister for Road Transport & Highways, Shri Nitin Gadkari inaugurated 29 National
Highway projects with an investment of more than Rs 4,000 crore in Hoshiarpur, Punjab.
• The Union Minister of State for Commerce and Industry, Shri Som Prakash, Punjab BJP State
President Shri Sunil Kumar along with MPs, MLAs and officials were also present on the
occasion.
• The implementation of the projects inaugurated and foundation stone laid will improve the
infrastructure, which will lead to overall economic development of the implementation area and
improve the quality of life of the population.
• There will be seamless and free movement of traffic which will also improve the efficiency of
freight transportation.
PM to inaugurate 27th National Youth Festival in Nashik, Maharashtra on 12th January
• Prime Minister Shri Narendra Modi will inaugurate the 27th National Youth Festival in Nashik,
Maharashtra on 12th January and will address the youth of the nation.
• This year, National Youth Day will be celebrated by all field organisations of the Department of
Youth Affairs in districts pan-India in collaboration with multiple Government departments.
• ‘MY Bharat’ volunteers throughout the country, with support from NSS units, NYKS and many
educational institutions will coordinate their energies to carry out activities to volunteer for India.
.
• Youth Clubs will also bring their vibrant energy to the celebration, ensuring a truly inclusive
atmosphere.
Phase 1 of Great Nicobar trans-shipment hub project to cost ₹18,000 cr

• The first phase of the proposed greenfield port at Galathea Bay in Great Nicobar Island is
expected to be built at a cost of ₹18,000 crore.
• The Ministry of Ports, Shipping and Waterways plans to start the tendering process for the same
over the next 30-40 days.
• The first phase will have a capacity of 4 million TEUs (twenty equivalent units) and the port will
have a “deep draft” of over 20 metres allowing access to larger vessels.
• The Galathea Bay port project is to be developed on a public–private partnership basis targeting
international container trans-shipment movement and is estimated to cost ₹43,000 crore .
• It will come up in four phases having a total capacity of 16 million TEUs when ready, expectedly
by 2058.
ITC joins hands with Microsoft, Skymet to insulate tobacco farmers from weather vagaries
• ITC, a prominent Indian conglomerate, has joined forces with Microsoft and Skymet to address
the escalating challenges faced by tobacco farmers in India due to climate change.
• To combat the challenges posed by climate change, ITC has formulated a comprehensive
program in collaboration with Microsoft and Skymet.
• This initiative incorporates cutting-edge technologies such as drones, AI, and data analytics to
provide accurate weather forecasts, crop advisories, hotspot mapping, and nutritional supplementation.
PM Modi to inaugurate & lay foundation stone of multiple development projects worth over 30,500 crore
rupees in Maharashtra
• Prime Minister Narendra Modi will inaugurate and lay the foundation stone of multiple development
projects worth over 30,500 crore rupees in Maharashtra.
• Mr Modi will inaugurate Atal Bihari Vajpayee Sewari - Nhava Sheva Atal Setu to improve ease of
mobility by strengthening urban transport infrastructure.
• Atal Setu has been constructed at a total cost of more than 17,840 crore rupees.
• It is about a 21.8 km long 6-lane bridge having about 16.5 km length over sea and about 5.5 km on
the land.
• The project, developed at a cost of more than 1975 crore rupees will provide drinking water supply
to the Palghar and Thane districts of Maharashtra, benefiting about 14 lakh population.
.
Union Minister Rao Inderjit Singh launches the MPLADS e-SAKSHI Mobile Application for the Revised
Fund Flow Procedure under the MPLAD Scheme
● The Minister of State (Independent Charge) of the Ministry of Statistics and Programme
Implementation (MoSPI) Rao Inderjit Singh launched the MPLADS e-SAKSHI Mobile
Application for revised fund flow procedure under the MPLAD Scheme, at Khurshid Lal
Bhawan, New Delhi.
● The launching event was attended by various dignitaries, including the Chief Statistician of
India-cum-Secretary, Additional Secretary, and other senior officers of the Ministry, as well as
senior officials of SBI and TCS.
● The objective of the MPLAD Scheme is to enable the Members of Parliament (MPs) to
recommend works of a developmental nature with emphasis on the creation of durable
community assets based on locally felt needs.
● The revised set of guidelines aims to broaden the scope of the Scheme to enable the MPs to
recommend the developmental works as per the changing needs of the community; with an
emphasis on improving the functioning, implementation and monitoring of the MPLAD
scheme.
● The launching of the e-SAKSHI mobile application for Members of Parliament (MPs) under the
MPLAD scheme will bring forth a myriad of benefits, revolutionizing the way they engage with
and manage development projects in their constituencies.
● The mobile app would offer convenience and accessibility, allowing MPs to propose, track,
and oversee the projects at their fingertips.
● This real-time access enhances decision-making processes, enabling swift responses to
emerging needs or issues.
● The application will streamline the communication between MPs and relevant authorities,
facilitating a more efficient exchange of information.
Prime Minister dedicates infrastructure projects worth more than ₹4,000 crores in Kochi, Kerala
● Indian Prime Minister, Shri Narendra Modi inaugurated three major infrastructure projects
worth more than Rs 4,000s crore in Kochi, Kerala.
● The projects being inaugurated include the New Dry Dock (NDD) at Cochin Shipyard
Limited (CSL), the International Ship Repair Facility (ISRF) of CSL, and LPG Import Terminal
of Indian Oil Corporation Limited at Puthuvypeen, Kochi.
.
● These major infrastructure projects are in line with the Prime Minister’s vision to transform
India’s ports, shipping, and waterways sector, and build capacity and self-sufficiency in it.
● The Union Minister of Ports, Shipping & Waterways and Ayush, Shri Sarbananda Sonowal
joined the Prime Minister, Shri Narendra Modi when these four projects were dedicated to the
nation here at CSL
Overall Mineral Production Increases by 6.8% in November 2023
● The index of mineral production of the mining and quarrying sector for November 2023 (Base:
2011-12=100) at 131.1, is 6.8 % higher as compared to the level in the month of November,
2022.
● As per the provisional statistics of Indian Bureau of Mines (IBM) ,the cumulative growth for the
period April- November, 2023-24 over the corresponding period of previous year is 9.1 %
percent.
Key Highlights
● Production level of important minerals in November, 2023 were: Coal 845 lakh tonne, Lignite
33 lakh tonne, Natural gas (utilized) 2991 million cu. m., Petroleum (crude) 24 lakh tonne,
Bauxite 2174 thousand tonne, Chromite 135 thousand tonne, Copper conc. 9 thousand tonne
, Gold 85 kg, Iron ore 250 lakh tonne, Lead conc. 29 thousand tonne, Manganese ore 287
thousand tonne, Zinc conc. 136 thousand tonne, Limestone 352 lakh tonne, Phosphorite 101
thousand tonne, and Magnesite 98 thousand tonne.
● Important minerals showing positive growth during November, 2023 over November, 2022
include: Magnesite (14.1%), Coal (11%), Iron Ore (8%), Natural gas (U) (7.6%),
Limestone(6.5%), Manganese Ore (4.7%), Lignite(2%) and Zinc Conc.(1.7%) and Other
important minerals showing negative growth include: Petroleum(crude) (-0.4%), Bauxite (-
2.4%), Lead Conc.(-4.6%), Copper Conc.(-5.3%) , Gold (-35.6%), Chromite (-44.6%),
Phosphorite (-50.7%) and Diamond (-92.9%).
Union Minister Dr. Jitendra Singh to inaugurate 9th Indian International Science Festival in Haryana
● Minister of State for Science and Technology Dr Jitendra Singh will inaugurate the 9th Indian
International Science Festival in Faridabad, Haryana.
● The primary objective of this festival is to commemorate the world of science, making it
accessible to all.
● It will continue till 20th January, which aims to engage the public with science and celebrate
the joy of science.
.
● The Department of Science and Technology informed that during the festival, 17 different
events are being organized keeping in mind different sections of the society like young
students, women scientists, toy manufacturers, social organizations, science teachers and
start-ups. School, College students and the general public can visit the festival through
registration.
● The department said that in the era defined by technological leaps, India emerges as a global
frontrunner, showcasing its unparalleled prowess on the international stage.
● From the ground-breaking Mars Orbiter Mission to the awe-inspiring Chandrayaan
expeditions, India is not just keeping pace with technological advancements, it is leading the
charge.
Vice President Jagdeep Dhankhar releases book titled ‘Fertilising the Future: Bharat’s March Towards
Fertilizer Self-Sufficiency
● Vice President Jagdeep Dhankhar released the book ‘Fertilising the Future: Bharat’s March
Towards Fertilizer Self-Sufficiency’ written by Chemicals and Fertilizers Minister Dr. Mansukh
Mandaviya.
● Sharing about the book release in a social media post, Dr. Mandaviya expressed his gratitude
to the Vice President.
● The Hindi version of the book is titled ‘Urvarak-Atmanirbharta ki Raah.’ Mandaviya further
added, the book delineates the journey of making India self-reliant in the fertilizer sector under
the leadership of Prime Minister Narendra Modi and the revolutionary changes that have taken
place till date.
Government May Extend Concessional 15 Pc Tax For New Manufacturing Units By One Year
● Industry seeks an extension to sunset period for getting the concessional tax rate of 15% for
companies that set up Greenfield manufacturing units.
● Industry bodies have petitioned the Finance Ministry for a three-year extension to the
concessional tax regime.
● The concessional tax regime ends on 31 March 2024.
● Despite the tax rates that are concessional (15% for newly established manufacturing
enterprises and 22% for all other corporations), the net growth in corporate income tax
collections in January was 12.37% higher than the previous year.
● The government revenues have been positively impacted by the lower or concessional tax
rates.
.
● The industrial and manufacturing sector, especially MSMEs have also benefitted from the
lower or concessional tax rates.
● The industry is in favour of extending the sunset period by at least three years.
● Under Section 115BAB, a tax rate of 15% (17.16% after surcharge and cess) was declared in
2019 for newly established manufacturing enterprises.
● The deadline to avail of lower rates was originally set for March 31, 2023, but it was later
extended by a year.
PM Modi releases first instalment of PM-JANMAN to 1 lakh beneficiaries
● PM Modi released the first instalment to 1 lakh beneficiaries of PMAY-G under the PM-
JANMAN scheme.
● PM Modi released the first instalment of Pradhan Mantri Awas Yojana – Gramin under the
Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN).
● PM Modi released ₹540 crores as the first instalment of funding.
● Since the launch of the PM-JANMAN scheme, had sanctioned projects worth over ₹4,700
crore through 9 ministries under the PM-JANMAN package.
● PM-JANMAN was launched for the socio-economic welfare of Particularly Vulnerable Tribal
Groups (PVTGs) in November 2023.
● It has a budget of around 24,0004 crore rupees.
● It focuses on 11 critical interventions through nine ministries.
● It aims to improve the socio-economic conditions of the PVTGs by saturating PVTG
households and habitations with basic facilities.
● Safe housing, clean water to drink, better access to healthcare, nutrition, education, energy,
road and telecom connectivity, and chances for sustainable livelihood are some of these
facilities.
● Pradhan Mantri Awaas Yojana- Gramin (PMAY-G) was launched by the Ministry of Rural
Development.
● Under the PMAY- G, the beneficiaries are provided financial assistance of Rs 1.2 lakh in
plains and Rs 1.3 lakh in hilly states-Northeastern states and union territories (UTs) of Jammu
& Kashmir and Ladakh-as well as difficult areas and Integrated Action Plan (IAP) districts.
● Beneficiaries are based on housing deprivation parameters of Socio-Economic and Caste
Census (SECC), 2011 and are subjected to 13-point exclusion criteria followed by Gram
Sabha verification.
.
● This scheme is meant for people who do not own a house and people who live in kutcha
houses or houses which are severely damaged.
● At present, the minimum size of the houses to be built under the PMAY-G scheme has been
increased to 25 sq. mt. from 20 sq. mt.
CABINET APPROVALS:
(a) Cabinet approves Memorandum of Intent (MoI) between India and Netherlands on cooperation in
the field of Medical products Regulation
● The Union Cabinet chaired by Prime Minister Shri Narendra Modi was apprised of a
Memorandum of Intent (MoI) signed between the Central Drugs standard Control
Organization (CDSCO), Ministry of Health and Family Welfare, Government of India and the
Ministry of Health, Welfare and Sport, Kingdom of the Netherlands on behalf of Medicines
Evaluation Board, Health and Youth Care Inspectorate, Central Committee on Research
Involving Human Subjects “on cooperation in the field of Medical products Regulation”.
● The MoI was signed on 7th November, 2023.
● The MoI seeks to establish a framework for fruitful cooperation and exchange of information
between the Central Drugs Standard Control Organization (CDSCO) and the Ministry of
Health, Welfare and Sport, Kingdom of the Netherlands on behalf of Medicines Evaluation
Board, Health and Youth Care Inspectorate, Central Committee on Research Involving Human
Subjects in matters relating to Medical products regulation in line with their International
responsibilities.
● The MoI between the regulatory authorities of the two countries will facilitate better
understanding of medical products regulation with regard to pharmaceuticals including raw
materials for pharmaceutical use, biological products, medical devices and cosmetic products.
● Convergence in the regulatory practices could help in increasing export of medicines from
India and consequently help in better employment opportunities for educated professionals in
the Pharmaceutical sector.
● The MoI will facilitate export of medical products leading to foreign exchange earnings.
● This would be a step towards an Atmanirbhar Bharat.
(b) Cabinet approves Memorandum of Understanding between India and Dominican Republic on
cooperation in the field of Medical Products Regulation
● The Union Cabinet chaired by Prime Minister Shri Narendra Modi was apprised of a
Memorandum of Understanding signed between the Central Drugs standard Control
.
Organization (CDSCO), Ministry of Health and Family Welfare, The Republic of India and
Directorate General for Medicine, Foods and Sanitary Products Organizations of Ministry of
Public Health and Social Assistant of Dominican Republic on cooperation in the field of
Medical Products Regulation.
● The MoU was signed on 4th October, 2023.
● The MoU will promote exchange of information and cooperation in areas pertinent to medical
products and relevant administrative and regulatory matters within the jurisdiction of the
parties.
● In order to tackle issues of substandard, falsified medicines moving in the international
markets, interaction amongst regulatory agencies is facilitated through signing of MoU.
● Convergence in the regulatory practices could helping increasing export of medicines from
India and consequentially help in better employment opportunities for educated professionals
in the Pharmaceutical sector.
● The MoU will facilitate export of medical products leading to foreign exchange earnings.
(c) Cabinet approves Memorandum of Understanding between India and Kenya on cooperation in the
field of sharing successful Digital Solutions implemented at Population Scale for Digital Transformation
● The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi was apprised of a
Memorandum of Understanding (MoU) signed between the Government of the Republic of
India through the Ministry of Electronics and Information Technology and the Government of
the Republic of Kenya through the Ministry of Information, Communications and digital
Economy on cooperation in the field of sharing successful Digital Solutions implemented at
Population Scale for Digital Transformation.
Details:
● The MoU intends to promote closer cooperation and exchange of experiences and digital
technologies-based solutions in the implementation of digital transformational initiatives of
both the countries.
Implementation strategy and targets:
● The MoU shall come into effect from the date of signature of the Parties and shall remain in
force for a period of 3 years.
Impact:
● Both G2G and B2G bilateral Cooperation in the field of Digital Public Infrastructure (DPI) will
.
be enhanced.
No. of beneficiaries:
● MoU envisages improved collaboration leading to employment opportunities in the field of IT.
Background:
● MeitY is collaborating with a number of countries and multilateral agencies for fostering
bilateral and multilateral cooperation in the ICT domain.
● Over the period, MeitY has entered into MoUs/MoCs/Agreements with its counterpart
organisations/agencies from various countries to promote cooperation and exchange of
information in the ICT domain.
● This agrees with the various initiatives taken by the Government of India such as Digital India,
Atmanirbhar Bharat, Make in India etc. to transform the country into a digitally empowered
society and knowledge economy.
● In this changing paradigm, there is an imminent need for exploring business opportunities,
sharing of best practices and attracting investments in the digital sector to enhance mutual
cooperation.
(d) Cabinet approves Memorandum of Understanding (MoU) between India and Ecuador on
cooperation in the field of Medical Products Regulation
● The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, was apprised of a
Memorandum of Understanding signed between the Central Drugs Standard Control
Organization (CDSCO), Ministry of Health and Family Welfare, Government of the Republic of
India and Agencia Nacional de Regulaction, Control Y Vigilancia Sanitria – ARCSA, Doctor
Leopoldo Izquieta Perez, The Republic of Ecuador on cooperation in the field of Medical
Products Regulation.
Benefit:
● The Memorandum of Understanding would facilitate better understanding of the regulatory
aspects between the two sides and would help in increased cooperation in the field of medical
products regulation and better coordination in international fora.
Employment Generation Potential:
● Convergence in the regulatory practices due to the MoU could help in increasing export of
medicines from India and consequentially help in better employment opportunities for
educated professionals in the Pharmaceutical sector.
Atmanirbhar Bharat:
.
● The MoU will facilitate export of medical products leading to foreign exchange earnings.
Background:
● The CDSCO is a Subordinate Office of the Directorate General of Health Services, which is an
attached office of the Department of Health and Family Welfare.
● CDSCO is the National Regulatory Authority for drugs, medical devices and cosmetics in
India. Agencia Nacional de Regulaction, Control Y Vigilancia Sanitria – ARCSA, Doctor
Leopoldo Izquieta Perez is the Regulatory Agency regulating these products in the Republic of
Ecuador.
(e) Cabinet approves Memorandum of Understanding between India and the European Commission on
Working Arrangements on Semiconductors Ecosystems under the framework of EU-India Trade and
Technology Council
● The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi was apprised of a
Memorandum of Understanding (MoU) signed between the Government of the Republic of
India and the European Commission on Working Arrangements on Semiconductors
Ecosystems, its supply chain and innovation under the framework of EU-India Trade and
Technology Council (TTC).
Details:
● The MoU intends to strengthen cooperation between India and EU towards enhancement of
semiconductor for the advancement of Industries and digital technologies.
Implementation strategy and targets:
● The MoU shall come into effect from the date of signature and may continue until both sides
confirm that the objectives of this instrument have been achieved or until one side
discontinues its participation in this instrument.
Impact:
● Both G2G and B2B bilateral Cooperation to boost the resilience of the semiconductor supply
chains and leverage complementary strengths to promote collaboration in the field of
semiconductors.
Background:
● MeitY has been actively working to create a conducive environment for electronics
manufacturing.
● Programme for Development of Semiconductor and Display Manufacturing Ecosystem in India
.
was introduced to ensure the development of a robust and sustainable semiconductor and
display ecosystem in India.
● Enhancing bilateral collaboration to boost the semiconductor supply chains and leverage
complementary strengths to promote collaboration in the field of semiconductors, India and
EU signed this MoU which is another step towards mutually beneficial semiconductor-related
business opportunities and partnerships between India & EU.
(f) Cabinet approves creation of posts for the 16th Finance Commission
● The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the
creation of three posts at the level of Joint Secretary i.e. two posts of Joint Secretary and one
post of Economic Adviser for the 16thFinance Commission, which was constituted in
pursuance of Article 280 of the Constitution vide Notification.
● The newly created posts are required to assist the Commission in carrying out its functions.
● All other posts in the Commission have already been created as per the delegated powers.
(g) Cabinet approves equity investment by South Eastern Coalfields Limited for setting-up 1×660 MW
Thermal Power Plant through JV of SECL and MPPGCL
● The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi
approved proposal for equity investment by (i) South Eastern Coalfields Limited (SECL) for
setting-up 1×660 MW Thermal Power Plant through JV of SECL and MPPGCL; and
(ii) Mahanadi Coalfields Limited (MCL) for setting-up 2×800 MW Thermal Power Plant through
Mahanadi Basin Powe Ltd (MBPL – a subsidiary of MCL).
● The CCEA has approved the proposal of equity investments by SECL, MCL and CIL as
follows:
● Equity Capital of Rs.823 Crore (± 20%) by SECL considering a Debt-Equity Ratio of 70:30 and
49% Equity Investment in JV Company with an estimated Project Capex of Rs.5,600 Crore
(accuracy of ±20%) for the proposed 1×660 MW Supercritical Thermal Power Plant through
JV of SECL and MPPGCL at Amarkantak Thermal Power Station in Village Chachai, Anuppur
District, Madhya Pradesh.
● Equity Capital of Rs.4,784 Crore (± 20%) by MCL for the proposed 2×800 MW Super-Critical
Thermal Power Plant in Sundargarh District, Odisha with an estimated Project Capex of
Rs.15,947 Crore (accuracy of ±20%) through MBPL.
● Approval to MBPL, an SPV of MCL to set up the 2×800 MW Super-Critical Thermal Power
Plant.
.
● Equity Investment by CIL beyond 30% of its net worth in the JV of SECL-MPPGCL (Rs.823
Crore ± 20%) as at (a) above, and in MBPL, a 100% wholly owned subsidiary of MCL
(Rs.4,784 Crore ± 20%) as at point (b) above.
● Coal India Limited (CIL), the largest coal mining company in the world, will set up following
two Pithead Thermal Power Plants, through its subsidiaries, with a view to provide cheaper
power to the country –
● 1×660 MW Supercritical Coal-Based Thermal Power Plant (TPP) at Amarkantak Thermal
Power Station in Village Chachai, Anuppur District, Madhya Pradesh, through JV between
SECL and Madhya Pradesh Power Generating Co Ltd (MPPGCL);
● 2×800 MW Supercritical Thermal Power Plant, in Sundergarh District, Odisha, through
‘Mahanadi Basin Power Ltd’ (MBPL), a Wholly Owned Subsidiary of MCL.
The Prime Minister inaugurated the new Boeing India Engineering & Technology Center campus in
Bengaluru, Karnataka.
● Indian Prime Minister, Shri Narendra Modi inaugurated the new state-of-the-art Boeing India
Engineering & Technology Center (BIETC) campus in Bengaluru, Karnataka.
● Built with an investment of Rs 1,600 crores, the 43-acre campus is Boeing’s largest such
investment outside the USA.
● The Prime Minister also launched the Boeing Sukanya Program which aims to support the
entry of more girl children from across India into the country’s growing aviation sector.
● The Prime Minister took a walkthrough of the Experience Center and interacted with Sukanya
beneficiaries.
● The Prime Minister inaugurated the new state-of-the-art Boeing India Engineering &
Technology Center (BIETC) campus in Bengaluru. Built with an investment of Rs. 1,600
crores, the 43-acre campus is Boeing’s largest such investment outside the USA.
Key Highlights
● Boeing’s new campus in India will become a cornerstone for partnership with the vibrant
startup, private and government ecosystem in India, and will help develop next-generation
products and services for the global aerospace and defence industry.
● The Prime Minister also launched the Boeing Sukanya Program which aims to support the
entry of more girl children from across India into the country’s growing aviation sector.
● The program will provide opportunities for girls and women from across India to learn critical
skills in the science, technology, engineering and maths (STEM) fields and train for jobs in the
.
aviation sector. For young girls, the program will create STEM Labs at 150 planned locations
to help spark interest in STEM careers. The program will also provide scholarships to women
who are training to be pilots.
Prime Minister lays foundation stone for eight projects under AMRUT scheme worth approximately Rs.
2,000 crores in Solapur, Maharashtra.
● The Prime Minister, Shri Narendra Modi laid the foundation stone of 8 AMRUT (Atal Mission
for Rejuvenation and Urban Transformation) projects worth around Rs. 2,000 crores in
Solapur, Maharashtra.
● Shri Modi dedicated to the nation more than 90,000 houses completed under PMAY-Urban in
Maharashtra and 15,000 houses of Raynagar Housing Society in Solapur, whose
beneficiaries comprise thousands of handloom workers, vendors, power loom workers, rag
pickers, Bidi workers, drivers, among others.
● He also initiated the distribution of 1st and 2nd instalments to 10,000 beneficiaries of PM-
SVANIDHI in Maharashtra during the programme.
● Governor of Maharashtra, Shri Ramesh Bais, Chief Minister of Maharashtra, Shri Eknath
Shinde, Deputy Chief Ministers of Maharashtra, Shri Devendra Fadnavis and Shri Ajit Pawar
and Founder of Raynagar Federation, Shri Narsayya Adam were present on the occasion
among others.
● Union Tourism Minister G Kishan Reddy inaugurated the National Skill Training Institute in
Hyderabad, Telangana.
● Constructed for ₹19.90 crore in an area of 4 acres, the institute offers short-term and long-
term skilling courses to women in various sectors.
● Reddy emphasized that empowering women has been a major priority for the Central
Government.
● He stated that the government has launched numerous schemes dedicated to empowering
women across India, such as Beti Bachao Beti Padhao and PM Ujjwala.
● He also added that several other initiatives have been taken to help women increase their
opportunities to build decision-making power.
● The event was attended by several women achievers like Saina Nehwal and Sunita Krishnan.
Union Minister Hardeep Singh Puri launches first pilot project to make jet fuel from alcohol in Pune
● The first pilot technology project to make jet fuel from alcohol was inaugurated by Union
Petroleum and Natural Gas Minister Hardeep Singh Puri in Pune.
.
● This project will produce sustainable biological aviation fuel or SAF.

● This pilot project has been set up in the research and development department of Praj Udyog
Group in Pirangut Industrial Estate near Pune.
● Pramod Chaudhary, President of Praj, along with officials of Indian Oil and other oil
companies were present for the inauguration program.
● There is a huge demand for this bio aviation fuel in the global market, and it is a big challenge
to provide the necessary raw materials for it.
● He added that most of the countries around the world have great expectations from India for
biofuel.
● He congratulated the engineers of Praj Udyog Group for setting up this project in India before
Brazil and expressed confidence that this project will truly be a pioneer for the world.
● After the inauguration, the Minister along with other officials inspected the project and
expressed satisfaction over the use of state-of-the-art technology.
● The flight from Pune to Delhi was completed last year using bio aviation fuel made from
alcohol. bio aviation
● Puri welcomed the flight at the Delhi airport.
● This biofuel production industry will have a huge scope in the future as even if at least one
percent of the total aviation fuel used in India is blended with this sustainable bio aviation fuel,
at least 14 crore litres of biofuel will be needed every year.
Ministry of Education issues guidelines for coaching centres; prohibits intake of students below 16 years
● According to the new guidelines announced by the Education Ministry, coaching centres
cannot enroll students below 16 years of age, make misleading promises and cannot
guarantee ranks or good marks.
● The guidelines have been prepared to address the need for a legal framework to regulate
coaching institutes and manage the unregulated growth of private coaching centres.
● The guidelines came after complaints received by the government regarding increasing cases
of student suicides, fire incidents, lack of facilities in coaching incidents, as well as the
teaching methods adopted by them.
Key Highlights
● No coaching center will hire tutors with qualifications less than graduation.
● Student enrollment should be done only after secondary school examination.
● Coaching institutes cannot publish or cause to be published or participate in publishing any
.
misleading advertisement.
● The Publication includes any claim relating directly or indirectly to the quality of the coaching
or the facilities provided therein or the result obtained by the student attending such a
coaching centre or such class.
● No institution shall be registered unless it has a counseling system as required by these
guidelines.
● Coaching centers cannot take the services of any tutor or person who has been convicted of
any offense involving moral turpitude.
● The government has proposed the registration of new and existing centers within three
months of the implementation of the guidelines to ensure proper monitoring of coaching
institutes.
● The State Government will be responsible for monitoring the activities of the coaching center
and making inquiries about any coaching center regarding the fulfillment of required eligibility
of registration and satisfactory activities of the coaching center.
Production Linked Incentive Schemes lead to production/ sales of Rs. 8.61 lakh crore and employment
generation of over 6.78 lakh
● Production Linked Incentive (PLI) Schemes witness over Rs. 1.03 lakh crore of investment till
November 2023, which has led to production/ sales of Rs. 8.61 lakh crore and employment
generation (direct & indirect) of over 6.78 lakhs.
● Incentive amount of around Rs. 4,415 crore disbursed under PLI Schemes for 8 Sectors
viz. Large-Scale Electronics Manufacturing (LSEM), IT Hardware, Bulk Drugs, Medical
Devices, Pharmaceuticals, Telecom & Networking Products, Food Processing and Drones &
Drone Components.
● PLI Scheme, commonly abbreviated as the Production Linked Incentive Scheme, is an
initiative started by the Government of India.
● It is a form of performance-linked incentive to give companies incentives on incremental sales
from products manufactured in domestic units.
● Keeping in view India’s vision of becoming ‘Atmanirbhar’, PLI Schemes for 14 key sectors
[with an incentive outlay of Rs. 1.97 lakh crore (over US$26 billion)] are under implementation
to enhance India’s Manufacturing capabilities and Exports.
● About Rs 1,515 crore was disbursed in FY24 till October, while it was Rs 2,900 crore in 2022-
23, when payments under the scheme commenced.
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● By end of this fiscal, the disbursal target is Rs 11,000 crore.

● As on date, 746 applications have been approved in 14 sectors with expected investment of
over Rs 3 lakh crore.
● 176 MSMEs are among the PLI beneficiaries in sectors such as Bulk Drugs, Medical Devices,
Pharma, Telecom, White Goods, Food Processing, Textiles & Drones.
● Production of mobile phones increased by more than 125% and export of Mobile Phones
increased ~4 times since FY 2020-21.
● Foreign Direct Investment (FDI) increased by ~254% since the inception of the PLI scheme for
LSEM.
The Indian Government has extended the ban on the Students Islamic Movement of India for an
additional five years under the Unlawful Activities (Prevention) Act (UAPA).
• The Government has declared Students Islamic Movement of India (SIMI) as an 'Unlawful
Association' for a further period of five years under the Unlawful Activities (Prevention) Act (UAPA)
1967.
• The last ban on SIMI was imposed in January 2019.
• Ministry of Home Affairs, SIMI is continuing to be involved in fomenting terrorism, disturbing peace
and communal harmony in the country which are prejudicial to the sovereignty, security and integrity
of India.
• It added that many criminal cases have been registered against SIMI and its members under various
sections of law including the Unlawful Activities (Prevention) Act.
Shri Jyotiraditya M. Scindia inaugurated the UDAN flight service between Dehradun and Pithoragarh.
• Union Minister of Civil Aviation and Steel, Shri Jyotiraditya M. Scindia virtually inaugurated a UDAN
flight connecting Dehradun and Pithoragarh from New Delhi. Chief Minister of Uttarakhand Shri
Pushkar Singh Dhami also joined the event from Pithoragarh, Uttarakhand.
• The flight connecting the two cities is to be operated by Fly Big under the RCS UDAN Scheme.
• Pithoragarh Airport has been developed under the UDAN-RCS scheme, with a cost of Rs 6.68 Crore
into a 2B VFR Airport.
• The RCS flight between Dehradun and Pithoragarh was awarded under UDAN 4.2.
• Fly Big will be operating a 19-seater Twinotter DHC6-400 aircraft for ferrying the passengers.
Shri Nitin Gadkari has inaugurated nine highways in Madhya Pradesh, which are worth a total of Rs.
.
2,367 crore.
• Union Minister Shri Nitin Gadkari inaugurated and laid the foundation stone of 9 National Highway
projects costing Rs 2,367 crore and total length of 225 km in Jabalpur, Madhya Pradesh.
• Chief Minister of Madhya Pradesh, Dr. Mohan Yadav, Union Minister Shri Virendra Kumar, Union
Minister of State Shri Faggan Singh Kulaste, Madhya Pradesh BJP State President Shri V.D.
Sharma, State Minister Shri Prahlad Singh Patel, State Minister Shri Rakesh Singh, MPs-MLAs,
officers and other dignitaries were also present on the occasion.
• Among the projects inaugurated, a 1.5 km long bridge has been constructed on Jamni river on
Tikamgarh-Jhansi road at a cost of Rs 43 crore.
• This will make it easier to reach Orchha, the tourist destination of Rajaram's temple. Construction of
a road with 2-lane paved shoulder from Chandia Ghat to Katni Bypass will bring a qualitative change
in connectivity to the coal mines of Katni.
• This will benefit the coal mining industry.
• Widening of Bamitha-Khajuraho road will strengthen tourism in Khajuraho. Besides, the social and
economic condition of this area will also improve.
The second edition of India Energy Week scheduled to take place in Goa
• The second edition of India Energy Week (IEW) is scheduled to take place in Goa from the 6th to
the 9th of February
• Addressing the curtain raiser press conference, Petroleum and Natural Gas Minister Hardeep Singh
Puri said that the event is expected to see the participation of Energy ministers from 17 different
countries, over 35 thousand attendees, and more than 900 exhibitors.
• IEW represents a golden opportunity to showcase the developments on the energy front and provide
the platform for further development and growth in the energy sector.
• Six countries namely Canada, Germany, Russia, the Netherlands, the UK, and the USA will set up
their pavilions at the event
• The government recently had an energy startup challenge organised by the Ministry of Petroleum
and Natural Gas.
• Out of the approximately 120 applications, five startups were selected.
• The winners of the startup challenge will be provided mentorship opportunities by Industry leaders,
and an opportunity to exhibit their startup ideas.
Air India 'disagrees' with regulator’s Rs 1.1 crore fine over safety violations
.
• The Indian civil aviation regulator Directorate Genera l of Civil Aviation has imposed a penalty of
₹1.1 crore on Air India for safety violations on certain flights.
• The airline has been fined for non-compliance of regulations and safety manuals in case of oxygen-
related compliant requirements for operation of leased Boeing B777 aircraft.
About Air India
• Air India is the flag carrier airline of India.
• It is owned by Air India Limited, a Tata Group enterprise and operates a fleet of Airbus and Boeing
aircraft.
• It is headquartered in Gurugram.
• CEO: Campbell Wilson.
IREDA Releases Vigilance Journal 'Pahal'

• Indian Renewable Energy Development Agency (IREDA), a Government of India enterprise under
the administrative control of the Ministry of New and Renewable Energy, has unveiled 'Pahal'- the
insightful house journal of its Vigilance Department.
• The journal was unveiled by the Chairman & Managing Director of IREDA, Shri Pradip Kumar Das
on January 25, 2024.
• Indian Renewable Energy Development Agency Limited is an Indian public sector enterprise that
provides financial assistance and other services to projects related to renewable sources of energy
and energy efficiency/conservation.
• Founded: 1987
The 7th edition of "Pariksha Pe Charcha," an event hosted by PM Modi, will be held in 2024.
• The 7th edition of Prime Minister Narendra Modi’s ‘Pariksha Pe Charcha 2024’ will be held on the
29th of this month.
• Ministry of Education said that this year, through the unique interactive program, over 4,000
participants will be interacting with the Prime Minister.
• The programme will be held in a town hall format at Delhi’s Bharat Mandapam
• Pariksha Pe Charcha is a programme where students, parents, and teachers from across the nation
and also from overseas interact with the Prime Minister to discuss anxieties related to examinations
and life after school.
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• Pariksha Pe Charcha is part of the larger movement ‘Exam Warriors’ led by Mr Modi to create a
stress-free atmosphere for youngsters.
Shri Amit Shah launched a book, 'A Promised Nation Hon'ble Shri Narendra Modi- the Maker of New
India'
• Union Home Minister and Minister of Cooperation, Shri Amit Shah launched a book titled, 'A
Promised Nation Hon'ble Shri Narendra Modi- the Maker of New India', written on the life and works
of PM Modi in Braille script in New Delhi
• Shri Amit Shah said that PM Shri Narendra Modi Ji in the last 10 years has revived our civilisational
values and cultural ethos to build the edifice of a new Bharat. In this path, Modi Ji has awakened the
world to Bharat's inner self.
• Launched the book 'A Promised Nation Hon'ble Shri Narendra Modi- the Maker of New India' written
on the life and works of Modi Ji in Braille script.
• The book will help people with visual impairment to know about the life journey of Modi Ji and the
transformation he has ushered in.
Govt expands scope of financial services that can be taken up at IFSC
• The government expanded the scope of activities at the International Financial Services Centre
(IFSC).
• The government has included services such as bookkeeping, and accounting to be undertaken at
the International Financial Services Centre (IFSC).
• Various services including book-keeping, accounting, taxation, and financial crime compliance will
be undertaken as part of the financial services at the International Financial Services Centre (IFSC).
• The move will help the IFSC in Gujarat to draw a large number of firms—from accounting to tax
consultancy—to take advantage of its state-of-the-art facilities and spur services exports.
• The Ministry of Finance has issued a notification regarding expanding services at the International
Financial Services Centre.
• The financial services are provided by the International Financial Services Centres Authority
(IFSCA) to non-residents.
About IFSCA
• IFSCA is a statutory body. It was set up in April 2020 under the International Financial Services
Centres Authority Act, 2019.
• It was established to regulate all financial services in International Financial Services Centres
(IFSCs).
.
• At present, GIFT City, Gandhinagar in Gujarat is India’s first and only operational International
Financial Services Center.
President Droupadi Murmu presented the Best Electoral Practices Awards for the year 2023 in New
Delhi.
• President Droupadi Murmu has informed that the Election Commission of India plays an important
role in the diversity of democracy
• The President Informed, this year General Election will be conducted across the country, and during
this mega-polling exercise, 12 lakh polling booths will be set up in the country.
• There are over 96 crore voters in the country and Election Commission is taking every step to
connect with the voters
• The Election Commission is celebrating the 14th National Voters’ Day with the theme ‘Nothing Like
Voting, I Vote For Sure’.
• President presented the Best Electoral Practices Awards for the year 2023.
• The awards were presented to State and District level officers for their outstanding performance in
the conduct of elections during 2023 in different spheres such as IT initiatives, Security
Management, Election Management, Electoral Roll, and contribution in the field of voter awareness
and outreach.
• The awards were also given to important stakeholders including government departments, and
media organizations for their valuable contribution towards voters’ awareness.
2 coal gasification plants approved by Cabinet in West Bengal and Odisha to produce 100 MT coal gas
by 2028-29.
• The Government has approved that Coal India Limited (CIL) will set up two Coal Gasification Plants
with a view to achieve the target of 100 MT coal gasification by the year 2030 and to fulfil India’s
dual objectives of self-reliance an d energy independence.
• Union Cabinet meeting, Union Minister for Coal Pralhad Joshi said that total investment in the joint
venture of CIL and GAIL for the proposed Coal-to-Sy nthetic Natural Gas at Sonepur Bazari Area of
Eastern Coalfields Limited in West Bengal will be of 13 thousand 52 crore rupees.
• Mr Joshi informed that for CIL and BHEL Joint Venture for the proposed Coal-to-Ammonium Nitrate
at Mahanadi Coalfields Limited in Jharsuguda district of Odisha will be 11 thousand 782 crore
rupees.
• He informed that by 2028 - 29 these projects will be operationalised.
.
• The Centre has also approved a proposal for equity investment for setting up of Coal-to-Synthetic
Natural Gas Project through a Joint venture of Coal India Limited - CIL and Gas Authority of India
Limited- GAIL.
• It has also approved for setting up of the Coal-to-Ammonium Nitrate Project through a Joint venture
of CIL and Bharat Heavy Electrical Limited- BHEL.
• In another decision, Pralhad Joshi said, the Union Cabinet has also approved the scheme for the
promotion of Coal and Lignite Gasification Projects of Government PSUs and the Private Sector.
• Mr Joshi said, the total outlay of this scheme is eight thousand 500 crore rupees towards incentive
for coal gasification projects under three categories.
Air India fined INR 1.10 crore for safety violations on critical routes.
• The Directorate General of Civil Aviation (DGCA) has fined Air India a sum of Rs. 1.1 crore for
allegedly violating safety protocols on specific long-range and terrain-critical routes.
• The DGCA conducted a thorough investigation into the matter, which revealed that the airline had
failed to comply with the regulations.
• Consequently, the airline was issued a show-cause notice by DGCA officials.
Prime Minister Modi and French President Emmanuel Macron are scheduled to visit Jaipur
• Prime Minister Narendra Modi and French President Emmanuel Macron will be visiting Jaipur for a
one-day visit.
• Mr. Macron will tour some of the historic landma rks of the pink city Jaipur, including the Amber Fort,
Jantar Mantar, and Hawa Mahal, before attending the Republic Day parade on January 26th.
• The French President will arrive in Jaipur tomorrow afternoon and begin his day by visiting the
Amber Fort, where a cultural event is planned for him.
• Following this, Macron will meet with Prime Minister Narendra Modi at Jantar Mantar, a World
Heritage site.
• The two leaders will then take part in a joint roadshow from Jantar Mantar to Sanganeri Gate, with a
stopover at Hawa Mahal.
• They will also visit Albert Hall.
• Additionally, Prime Minister Narendra Modi will host a private dinner for Mr. Macron.
Cabinet approves the scheme for the promotion of Coal/Lignite Gasification Projects of Government
PSUs and Private Sector towards incentives for coal gasification projects under three categories
.
• The Cabinet chaired by the Prime Minister Shri Narendra Modi approved the scheme for
promotion of Coal/Lignite Gasification Projects of Government PSUs and Private Sector with an
outlay of Rs.8,500 crore towards incentive for coal gasification projects under three categories.
The cabinet has approved the scheme as follows:
a. Total outlay of Rs.8,500 crore will be provided as financial assistance for coal gasification
projects under three categories.
b. In category I, Rs.4,050 crore provisioned for Government PSUs in which upto 3 projects will be
supported by providing lump-sum grant of Rs.1,350 crore or 15% of capex, whichever is lower.
c. In category II, Rs.3,850 crore provisioned for private sector as well as Government PSUs in
which lump-sum grant of Rs.1,000 crore or 15% of capex, whichever is lower provided for each
project. At least one project will be bid out on tariff-based bidding process and its criteria will be
designed in consultation with NITI Aayog.
d. In category III, Rs.600 crore provisioned for demonstration Projects (indigenous technology)
and/or small-scale product-based Gasification Plants under which lump-sum grant of Rs.100
crore or 15% of capex, whichever is lower, will be given to the selected entity who will have a
minimum Capex of Rs. 100 Crore and minimum production of 1500 Nm3/hr Syn gas.
e. The selection of entities under category II and III shall be carried out through a competitive and
transparent bidding process.
f. The grant will be paid to the selected entity in two equal instalments.
g. EGoS chaired by Secretary Coal shall be fully empowered to make any changes required in the
modalities of the scheme subject to the condition that overall financial outlay remain within
Rs.8,500 crore.
Cabinet approves signing of a Memorandum of Understanding (MoU) between India and Oman on
cooperation in the field of Information Technology
• The Union Cabinet chaired by Prime Minister Shri Narendra Modi was apprised of a Memorandum of
Understanding (MoU), signed between the Ministry of Electronics and Information Technology of the
Republic of India and the Ministry of Transport, Communications and Information Technology of the
Sultanate of Oman on cooperation in the field of Information Technology.
• The MoU intends to promote comprehensive cooperation between the Parties through mutual
support, sharing of technologies, information and investments in the field of Information Technology.
• The MoU shall come into effect from the date of signature of the Parties and shall be remain in force
for a period of 3 years.
.
• Both G2G and B2B bilateral Cooperation in the field of Information Technology will be enhanced.
• MoU envisages improved collaboration leading to employment opportunities in the field of IT.
• MeitY has been mandated to promote international cooperation in emerging and frontier areas of
Information and Communications Technology (ICT) under bilateral and regional frameworks of
cooperation.
• MeitY is collaborating with a number of countries and multilateral agencies for fostering bilateral and
multilateral cooperation in the ICT domain.
Cabinet approves Protocol for establishment of joint Economic and Trade Committee between India and
Dominican Republic
• The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the proposal for signing
of a protocol for establishment of a Joint Economic and Trade Committee (JETCO) between the
Department of Commerce, Ministry of Commerce and Industry of the Republic of India and the
Ministry of Foreign Affairs of the Dominican Republic.
• Bilateral relations between India and the Dominican Republic have been friendly and continue to
deepen in all spheres.
• At present, there is no bilateral institutional mechanism between India and Dominican Republic on
trade and commerce.
• India primarily imports gold from Dominican Republic and exports pharmaceuticals, marine products,
motor vehicles, two and three wheelers etc. to them.
• The establishment of JETCO will strengthen economic tie between India and the Dominican
Republic and shall play a pivotal role and provide a platform for discussions, exchange of
information, knowledge and ideas which would in turn facilitate trade and industry.
• The Protocol can be an effective gateway to the larger Latin American and Caribbean markets.
• The Joint Committee will provide a platform for exchange of information between various authorities
and their counterparts.
• This would help in facilitating trade of goods and services and consequentially help in better
employment opportunities for professionals in both countries.
• The establishment of JETCO will facilitate mitigating challenges in the export of Indian products of
mutual dialogue and pave the way for boosting exports of pharmaceuticals, automobiles and
engineering goods manufactured in India leading to more foreign exchange earnings for Atmanirbhar
Bharat.
Cabinet approves equity investment by (i) CIL for setting up of Coal-to-SNG Project at ECL command
.
area through a JV of CIL & GAIL; and (ii) for setting up of a Coal-to-Ammonium Nitrate Project at MCL
command area through a JV of CIL & BHEL
• The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Shri Narendra Modi
approved proposal for equity investment by
➢ CIL for setting up of Coal-to-SNG (Synthetic Natural Gas) Project at ECL command area through
a JV of CIL & GAIL; and
➢ for setting up of Coal-to-Ammonium Nitrate Project at the MCL command area through a JV of
CIL & BHEL.
The CCEA has approved the proposal of equity investments by CIL as follows:
• Equity Capital of Rs.1,997.08 Crore (±25%) by CIL considering a Debt-Equity Ratio of 70:30, and
51% Equity Investment in JV Company with an estimated Project Capex of Rs.13,052.81 Crore
(accuracy of ±25%) for the proposed Coal-to-Synthetic Natural Gas (SNG) at Sonepur Bazari
Area of Eastern Coalfields Limited (ECL) in Burdwan district of West Bengal through JV of CIL
and GAIL.
• Equity Capital of Rs.1,802.56 Crore (± 25%) by CIL considering a Debt-Equity Ratio of 70:30,
and 51% Equity Investment in JV Company with an estimated Project Capex of Rs.11,782.05
Crore (accuracy of ±25%) for the proposed Coal-to-Ammonium Nitrate (AN) at Lakhanpur Area of
Mahanadi Coalfields Limited (MCL) in Jharsuguda district of Odisha through JV of CIL and
BHEL.
• Approval for Equity Investment by CIL beyond 30% of its Net-worth in the JV of CIL-GAIL as at
point (a) above, and in JV of CIL-BHEL as at point (b) above.
Synopsys' Chip Design Center at DLF Tech Park in Noida will be opened by Union Minister Rajeev
Chandrasekhar.
• Union Minister of State for Electronics and IT, Skill Development and Entrepreneurship, and Jal
Shakti, Shri Rajeev Chandrasekhar, is set to inaugurate Synopsys’ Chip Design Centre at DLF Tech
Park in Noida.
• During this event, the Minister will deliver a special address to an audience comprising senior
leadership, employees, partners, and customer delegates of Synopsys.
• Established in 1986, Synopsys widely commercialized logic synthesis, revolutionizing the creation of
digital designs from language descriptions.
.
• This capability propelled the transition of Computer-Aided Design (CAD) into the Electronic Design
Automation (EDA) era, facilitating the scaling of digital complexity in line with Moore’s Law.
• Synopsys has consistently expanded its product portfolio and market position through substantial
investments in research and development, coupled with approximately 120 strategic acquisitions.
• Synopsys is a leading name in EDA, playing a pivotal role in advancing digital chips within the
technology ecosystem
• Synopsys offers a wide range of design portfolios, spanning from silicon to software, contributing to
$5.9 billion in revenue.
• As a market leader in EDA tools and Interface, Foundation, & Physical IPs, Synopsys holds a
significant position in the industry.
Bhopal hosted the 63rd meeting of the Central Geological Programming Board (CGPB).
• The 63rd Central Geological Programming Board (CGPB) meeting was held in Bhopal, Madhya
Pradesh.
• In the presence of other senior officials, Shri V.L. Kantha Rao, inaugurated an Exhibition on the
theme, “Mining and Beyond”, in which GSI, PSUs, DMFs, major mining companies, private
exploration agencies, startups, Madhya Pradesh Government showcased their achievements.
• The meeting was held under the Chairmanship of Shri V.L. Kantha Rao, Secretary, Ministry of
Mines. Shri Sanjay Lohiya, Additional Secretary, Ministry of Mines,Shri Janardan Prasad, Director
General, GSI, senior functionaries of different Ministries, State Directorates of Mining & Geology,
PSUs, representatives from private mining industry, Mining associations and other stakeholders
attended thecrucial meeting.
• The proposed Annual Programme for ensuing Field Season year 2024-25 was placed before the
Board for discussion.
• During the ensuing year 2024-25 GSI has formulated about 1055 scientific programs for the year
2024-25, which includes 392 Mineral Development projects (G2;G3;G4; and Offshore Explorations)
that has the potential to generate auctionable mineral blocks in near future.
• 133 projects with mineral bias or Mineral Discovery Projects (RMT; Research Project; C-MAP;GT;
MPA; Multispectral/Hyperspectral projects) having potential for generating promising areas for future
exploration in G4 stage.
• Within the exploration activity, the major thrust has been given on the exploration of strategic &
critical and fertilizer minerals.
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• A total of 188 projects on these strategically important mineral commodities like REE, RM, Graphite,
Lithium, Vanadium and PGE etc. have been approved for the year 2024-25,which is almost a jump
of 50% from previous year’s target.
About CGPB
• The Central Geological Programming Board (CGPB) is an important platform of the Geological
Survey of India (GSI), Ministry of Mines wherein the Annual Field Season Program (FSP) of GSI is
placed for discussion and to avoid duplication of work.
• The members of CGPB and other stakeholders like State Governments, Central/ State Government
Mineral Exploration Agencies, PSUs and Private Entrepreneurs place their requests for collaborative
work with GSI.
About the Geological Survey of India
• The Geological Survey of India (GSI) was set up in 1851 primarily to find coal deposits for the
Railways.
• Its main functions relate to creating and updating of national geoscientific information and mineral
resource assessment.
• GSI, headquartered in Kolkata, has six regional offices located in Lucknow, Jaipur, Nagpur,
Hyderabad, Shillong and Kolkata and state unit offices in almost all states of the country. GSI is an
attached office to the Ministry of Mines.
Call for Nominations announced under Rashtriya Vigyan Puraskar 2024 in the field of Science,
Technology, and Innovation
• The Government of India has announced the “Rastriya Vigyan Puraskar” in the field of Science,
Technology and Innovation.
• The National Award recognizes outstanding and inspiring scientific, technological and innovation
contributions of researchers, technologist and innovators.
• The awards shall be given in following four categories:
• Vigyan Ratna (VR): Maximum of three awards to be bestowed to recognize life time achievements &
contributions made in given field of Science and Technology.
• Vigyan Shri (VS): Maximum of 25 awards to be given to recognize the distinguished contributions in
given field of Science and Technology.
• Vigyan Yuva: Shanti Swarup Bhatnagar (VY-SSB) award: Maximum of 25 awards to be given to
recognize and encourage young scientists who made an exceptional contribution in given field of
Science and Technology.
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• Vigyan Team (VT) award: Maximum of three awards may be awarded to a team comprising of three
or more scientists/researchers/innovators who have made an exceptional contribution working in a
team in given field of Science and Technology.
• The Rashtriya Vigyan Puraskar shall be given in the following 13 domains, namely: Physics,
Chemistry, Biological Sciences, Mathematics & Computer Science, Earth Science, Medicine,
Engineering Sciences, Agricultural Science, Environmental Science, Technology & Innovation,
Atomic Energy, Space Science and Technology, and Others.
• The awards this year are being coordinated by Council of Scientific and Industrial Research (CSIR)
under the Ministry of Science and Technology.
• The awards shall be announced on 11th May 2024 (National Technology Day).
• The Award Ceremony for all categories of awards will be held on 23rd August 2024 (National Space
Day).
Centre may raise national minimum wage ahead of Lok Sabha elections, panel recommendations
awaited
• The central government could fix a higher mandatory minimum wage rate applicable across the
country ahead of the general elections, adopting recommendations of a high-level expert panel
looking into the matter.
• An expert committee headed by SP Mukherjee, set up in 2021 for a period of three years till June
2024, is expected to submit its report soon, and the new floor wage could be notified ahead of the
elections likely to be held during April-May.
• The floor wage, currently at ₹176 per day, was last revised in 2017 and is not statutory for states.
• A committee headed by Anoop Satpathy had proposed a floor wage of ₹375 per day in 2019 but the
same was not accepted by the government because of the financial implications for employers,
including the government as it was over 100% higher than the existing floor wage.
• There has to be a balance between the existing₹176 per day and ₹375 per day as recommended by
the Satpathy committee.
• As per the Code on Wages, 2019, the government can fix different floor wages for different
geographical areas but it does not allow lowering of wage in case the minimum rates of wages fixed
by the appropriate government (states or the Centre) is more than the existing floor wage.
Vice President to inaugurate 'Hamara Samvidhan, Hamara Samman' campaign in New Delhi.
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• Vice President Jagdeep Dhankhar will inaugurate a year-long pan India campaign Hamara
Samvidhan, Hamara Samman to commemorate the 75th Year of India as a Republic, in New Delhi.
• Ministry of Law and Justice: the campaign aims to reaffirm the collective commitment to the
principles enshrined in the Constitution of India and celebrate the shared values that bind the nation.
• This nationwide initiative envisages instilling a sense of pride and responsibility to uphold the ideals
outlined in the constitutional framework.
• It will also give opportunity to every citizen to participate in various ways and empower them to
contribute in a meaningful way in the democratic journey.
• During the Event, Nyaya Setu will be launched which is a significant and transformative step that
aims to extend and expand the reach of legal services till the last mile.
• It will provide a unified legal interface for legal information, legal advice and legal assistance and
thus enable a more inclusive and just society.
Prime Minister inaugurates Boeing India’s aerospace engineering centre in Bengaluru
• The Prime Minister, Shri Narendra Modi inaugurated the new state-of-the-art Boeing India
Engineering & Technology Center (BIETC) campus in Bengaluru, Karnataka.
• Built with an investment of Rs 1,600 crores, the 43-acre campus is Boeing’s largest such investment
outside the USA.
• The Prime Minister also launched the Boeing Sukanya Program which aims to support the entry of
more girl children from across India into the country’s growing aviation sector.
• BIETC aims to be a cornerstone for collaboration within India's startup, private, and government
ecosystem.
• This state-of-the-art facility, representing Boeing's largest investment outside the USA, seeks to
develop next-generation products and services for the global aerospace and defense industry.
• Boeing Sukanya Program is a significant initiative to empower girls and women across India by
fostering their entry into the aviation sector.
• The program, initiated by Boeing, is designed to provide learning opportunities and support for
female aspirants, particularly those from rural areas, in the fields of science, technology,
engineering, and mathematics (STEM).
• It aims to equip girls and women with critical skills in STEM fields, fostering their readiness for
careers in aviation.
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• The program's key components include the establishment of STEM Labs at 150 locations,
scholarships for women pursuing pilot training, and investments in flight training curriculum,
certifications, simulator training, and career development programs.
• India's aviation sector has become the world's third-largest domestic market. India has about 150
operational airports, up from about 70 in 2014.
India Launches 'Alliance for Global Good- Gender Equity and Equality' at Davos World Economic Forum
2024
• India recently participated in the World Economic Forum’s annual meeting at Davos, Switzerland,
which launched the “Global Good Alliance for Gender Equity and Equality”.
• The Alliance was launched with the support and endorsement by World Economic Forum (WEF) and
the Government of India.
• It aims to bring together global best practices, foster knowledge sharing, and attract investments in
key areas such as women’s health, education, and enterprise.
• The initiative builds on the commitments of the G20 Leaders’ Declaration and India’s dedication to
women-led development.
• India participated in the spirit of “Vasudhaiva Kutumbakam”, to shape a common future marked by
global cooperation, aligning with WEF theme for the year, 'Rebuilding Trust'.
• The Alliance serves as a follow-up to the activities of the Engagement Group and initiatives under
the G20 framework- Business 20, Women 20, and G20 EMPOWER.
• It will be housed and anchored by the Confederation of Indian Industry (CII) Centre for Women
Leadership.
• The WEF stands as a ‘Network Partner’ and Invest India as an ‘Institutional Partner’. It is Supported
by the Bill and Melinda Gates Foundation.
• This year’s unique initiative at WEF, led by Union Minister of Women & Child Development was a
first ever women leadership lounge (We Lead lounge) by CII and BMGF.
• ‘We Lead Lounge’ hosted discussions on Women-led Development and ways to increase their
participation in economy, bridge digital gender gap, engender women’s health, etc.
• The lounge also showcased handicrafts by women entrepreneurs and products from Tea Board and
Coffee Board of India.
About WEF
• World Economic Forum (WEF) is an international organization headquartered in Geneva,
Switzerland.
.
• Founder: Klaus Schwab

• Headquarters: Cologny, Switzerland
• Founded: 24 January 1971
India has been elected as the First Vice Chair of the COFI Sub-Committee on Fisheries Management.
• India has been elected as the First Vice Chair of the FAO COFI (Food and Agriculture Organisation
Committee on Fisheries) Sub-Committee on Fisheries Management.
• Dr. J. Balaji was elected as the first vice chairperson of the incoming bureau of the sub-committee
which serves as a forum for consultation and discussion on fisheries management.
• India will serve as member of a FAO Fisheries Bureau on 'Capture Fisheries' for the first time in 57
years.
• India is one of the top fishing nations with over 28 million inland and marine fishers.
• The Sub-Committee on Fisheries Management was established during the Thirty-Fifth session of the
FAO Committee on Fisheries (COFI) held in Rome, Italy, in 2022.
• The Sub-Committee on Fisheries Management is a forum for discussing fisheries management
issues at national, regional and global levels.
About FAO
• A FAO (Food and Agriculture Organization) Council subsidiary, it serves as the only global inter-
governmental forum for examining major issues in international fisheries and aquaculture.
• Food and Agriculture Organization (FAO) Formation: 16th October, 1945, Headquarter: Rome (Italy).
Centre approves Rs 235 cr outlay for administrative reforms public grievance redressal
• The Government has approved an outlay of Rs 235 cr for revamped Scheme for Administrative
Reforms of DARPG to be implemented in next two years (2024-25 and 2025-26 ) of the 15th
Finance Commission Cycle.
• The scheme will take up ambitious next generation administrative reforms in matching with the new
aspirations of Viksit Bharat.
• The revamped Scheme for Administrative Reforms has 2 verticals (a) Comprehensive System for
Redressal of Public Grievances and (b) Administrative Reforms.
• The Scheme for Comprehensive System for Redressal of Public Grievances has an allocation of Rs.
128 crores seeks to take forward the 10-Step CPGRAMS reforms aimed at improving quality of
grievance redressal and reducing timelines by developing an AI enabled comprehensive system for
redressal of Public Grievances.
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• The Scheme for Administrative Reforms with an allocation of Rs. 107 crores seeks to utilize the
resources for the following schemes:
• Scheme for Prime Minister’s Awards for Excellence in Public Administration for 2024-25 and 2025-
26
• National e-Governance Awards Scheme for 2024-25 and 2025-26, regional conferences for
replication of good governance practices in states, Union Territories and e-governance practices,
among others.
Government defers ₹5,000 crore spending on strategic petroleum reserves in FY24
• The Finance Ministry has postponed plan of spending ₹5,000 crore in FY24 to refill the strategic
petroleum reserves, citing emerging trends in oil markets.
• Finance Ministry, ₹15,000 crore will be given to Indian Oil Corporation, Bharat Petroleum
Corporation and Hindustan Petroleum Corporation in FY24.
• This is part of the plan to provide ₹30,000 crore as capital support the PSU oil marketing companies
for green energy and net zero initiatives.
• The decision was taken in November 2023 during the Expenditure Finance Commission (EFC)
meeting.
• In the budget proposals for FY24, the government proposed expenditure of ₹5,000 crore for Indian
Strategic Petroleum Reserves (ISPR).
• Indian Strategic Petroleum Reserves Limited (ISPRL) has set up crude oil storage facilities with a
capacity of 5.33 million tonnes (MT) under Phase I of the SPR programme.
• This facilities are located at Vishakhapatnam (1.33 MT), Mangaluru (1.5 MT) and Padur (2.5 MT).
• This is equivalent to around 38 million barrels. This can serve India’s crude requirement for 9.5 days.
• Under Phase II, In July 2021, the government approved the establishment of two further commercial-
cum-strategic reserves under the public-private partnership (PPP) model.
• These reserves are approved at Chandikhol (4 MT) and Padur (2.5 MT), with a combined storage
capacity of 6.5 MT.
• When finished, these reserves will provide India's crude needs for an extra 12 days.
New amendments in wildlife trade rules enable issuing licences for certain Schedule II species
• The Union Environment Ministry issued a notification titled: Wild Life (Protection) Licencing
(Additional Matters for Consideration) Rules, 2024.
• It has granted licenses to trade in certain species, which were previously restricted.
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• The government issued new guidelines for granting licences to stakeholders involved in snake
venom, captive animals, trophy animals and stuffed animals.
• The new amendments in wildlife trade rules have been done for the first time after 1983.
• As per the 1983 wildlife trade rules, issuing licences to trade in a wild animal categorised under
Schedule I or Part II of Schedule II under the Wildlife Protection Act 1972 was prohibited.
• As per the new rules, no licence will be granted for any wild animals specified in Schedule I of the
Act.
• The new notification doesn’t mention why the licensing restriction for schedule II species has been
removed.
• The authorized officers have to consider the capacity of the applicant to handle the business in
terms of facilities, equipment and feasibility of premises for the business.
• Earlier, the government amended the Wildlife Protection Act and merged four schedules of wild
animals into two.
• The total number of schedules has decreased to four from six.
Pradhan Mantri Rashtriya Bal Puraskar 2024 announced
• 19 children have been selected for Pradhan Mantri Rashtriya Bal Puraskar 2024.
• Pradhan Mantri Rashtriya Bal Puraskar (PMRBP) are given to children in the age group of 5 – 18
years in seven categories.
• PMRBP is given in Bravery, Art & Culture, Environment, Innovation, Science & Technology, Social
Service and Sports categories.
• Each awardee will be presented a medal, certificate and a citation booklet.
• The awards will be presented by the President of India at Vigyan Bhawan on 22nd January 2024.
• The children will also participate in the Republic Day parade on 26th January 2024.
• One child in the categories of Bravery, Science & Technology, and Innovation has been selected for
the PMRBP.
• Four children have been selected for the Social Service category while five children in the category
of Sports and seven children have been selected in the category of Art and Culture.
• Out of the total 19 children, 9 are boys and 10 are girls and they belong to 18 States and UTs.
ICAI collaborates with IIM Ahmedabad to develop ‘Vision 2049’
• CA Institute, which is the world’s largest accounting body, has initiated an exercise to develop a
‘Vision 2049’ document to position itself as a globally recognised leader in the accounting
profession.
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• This vision document will be prepared in collaboration with IIM Ahmedabad.

• All members of the Institute of Chartered Accountants of India (ICAI), students, and stakeholders
can provide their inputs and suggestions for this exercise by February 9.
• ICAI will celebrate its 100th year of existence in the year 2049.
• ICAI Vision 2049 aims to empower chartered accountants as catalysts for economic progress,
fostering a dynamic environment that seamlessly integrates with India’s overarching objectives.
Diamond Jubilee celebration of Supreme Court of India inaugurated by Prime Minister in New Delhi
• Prime Minister Modi has inaugurated the Diamond Jubilee celebration of the Supreme Court of
India in New Delhi.
• Mr. Modi will launch citizen-centric multiple technology initiatives, which include Digital Supreme
Court Reports, Digital Courts 2.0 and a new website of the Supreme Court.
• The Digital Supreme Court Reports (SCR) will make Supreme Court judgments available to the
citizens of the country free of cost and in electronic format.
• The key features of digital SCR are that all 519 volumes of the Supreme Court reports since
1950, covering over 36 thousand cases will be available in a digital format and with open access.
• Digital Courts 2.0 application is a recent initiative under the e-Courts project to make court
records available to the Judges of the district courts in electronic form.
• Prime Minister will also launch the new website of the Supreme Court.
The new website will be in bilingual format in English and Hindi and has been redesigned with a user-
friendly interface, the statement stated.
INTERNATIONAL NEWS
India and Russia Sign Protocol for Consultations Over the Next 4 Years (2024-2028)
• A Protocol on Consultations signed by India and Russia for the period of the next four years (2024-
28).
• The protocol aims to enhance progress in various domains, including economic cooperation,
energy trade, connectivity, military-technical cooperation, and people-to-people exchanges.
• The protocol was signed during the official visit of India's External Affairs Minister, Dr. S.
Jaishankar, to Russia.
• In addition to the protocol, India and Russia signed two important agreements to advance the
implementation of the Kudankulam nuclear power projects in India.
.
About Russia :
• President : Vladimir Putin
• Prime Minister : Mikhail Mishustin
• Capital : Moscow
• Currency : Ruble
Russia and NASA Extend Joint ISS Flights Until 2025
● Russian and United States (US) space agencies have agreed to keep working together to deliver
crews to the International Space Station (ISS) until at least 2025.
● Aim : "To guarantee the presence of at least one representative of Roscosmos on the Russian
segment and the presence of at least one representative of NASA on the American segment."
● The station was designed between 1984 and 1993.
● ISS partners the United States, Russia, Europe, Canada and Japan – are for the moment only
committed to operate the orbiting laboratory until 2024, though US officials have stated they want
to continue until 2030.
About Russia :
● President : Vladimir Putin
● Prime Minister : Mikhail Mishustin
● Capital : Moscow
● Currency : Ruble
About NASA :
● Established : July 29, 1958
● Headquarters : Washington, D.C, United States of America
● Administrator : Bill Nelson
South Korea launches 'workation' visa for foreigners

• South Korea introduced a new visa for foreigners allowing them to visit the country on a working
holiday or workation.
• The "workation" or "digital nomad" visa allows foreign nationals to visit South Korea on a working
holiday.
• Foreign nationals with an annual income twice as much as South Korea's per capita gross national
income will be eligible to apply for the visa.
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• It will be given to those having a work experience of over a year in one industry and are eligible for
remote work.
About South Korea :
• President : Yoon Suk Yeol
• Prime Minister : Han Duck-soo
• Capital : Seoul
• Currency : Korean Republic won
Kyrgyzstan Declared 'Snow Leopard' As National Symbol

• Kyrgyzstan has officially declared the snow leopard as its national symbol.
• The Kyrgyz Republic states that “snow leopard is not only a symbol of natural wealth and cultural
prosperity but also an indicator of the stability and health of the mountain ecosystem”.
• The Cabinet of the Kyrgyzstan government will develop a logo, explore symbol usage at different
levels, and define its ideological content.
About Snow Leopard:
• The snow leopard is also known as Panthera.
• It represents greatness, nobility, courage, bravery, and resilience.
• Cloaked in a dense white-grey fur spotted with prominent black rosettes, snow leopards are
inhabitants of high mountainous terrain.
• Often referred to as the 'ghosts of the mountains,' these elusive creatures effortlessly blend into
their surroundings, becoming nearly indistinguishable in their natural habitat.
• Known for their climbing prowess, snow leopards navigate steep slopes with ease due to their
powerful build.
• Their hind legs grant them the ability to leap six times the length of their bodies, while a long tail
provides agility, balance, and acts as protection against the cold, wrapping around the resting
snow leopard.
• About Kyrgyzstan :
• President : Sadyr Japarov
• Capital : Bishkek
• Currency : Kyrgyzstani som
North Korea poised to admit first known tourists since 2020
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• A group from Russia is poised to be the first known tourists allowed into North Korea since anti-
pandemic border lockdowns began in early 2020, according to a post from Russian provincial
authorities and a Western tour guide.
• Tourism is largely unaffected by UN Security Council resolutions that restrict business with North
Korea over its nuclear weapons and ballistic missile programs.
South Korea passes law banning dog meat trade
• The slaughter and sale of dogs for their meat is to become illegal in South Korea after MPs backed
a new law.
• The legislation, set to come into force by 2027, aims to end the centuries-old practice of humans
eating dog meat.
• Dog meat stew, called "boshintang", is considered a delicacy among some older South Koreans,
but the meat has fallen out of favour with diners and is no longer popular with young people.
• Under the new law the consumption of dog meat itself will not be illegal.
India-UAE Business Summit held as part of Vibrant Gujarat Global Summit 2024
• The India-UAE Business Summit was held on 10th January 2024 to strengthen bilateral ties
between India and the United Arab Emirates (UAE) as part of the Vibrant Gujarat Global Summit
2024.
• UAE’s President His Highness (H.H.) Sheikh Mohamed bin Zayed Al Nahyan is the chief guest at
the Vibrant Gujarat Global Summit 2024, further emphasising the growing cooperation and
strengthening relations between the two nations.
• Shri Piyush Goyal, H.E. Dr. Thani bin Ahmed Al Zeyoudi, and Shri Bhupendra Rajnikant Patel
ceremonially launched the UAE – India CEPA Council (UICC) website as part of the inaugural
session.
US-UK launch massive airstrikes against Houthi rebels in Yemen after Red Sea shipping attacks
• The United States and the United Kingdom joined forces to launch a retaliatory attack against
Iran-based rebel group Houthis in Yemen shortly after the group claimed responsibility for a
string of attacks against cargo ships and vessels travelling through the Red Sea.
• The airstrikes by US and UK, aimed at destroying Houthi bases in Yemen, has further escalated
the conflicts in the area in the midst of the Israel-Hamas war.
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• A US official, who asked not to be identified before a formal announcement, confirmed the
strikes. Heavy explosions were reported in the Yemeni capital of Sana’a and the port city of Al
Hudaydah.
Ukraine and Britain sign security agreement in Kyiv

● British Prime Minister Rishi Sunak has signed a new security agreement with Ukraine’s
president and announced an increase in military funding for the war-wracked country during a
visit to Kyiv.
● Britain, one of Ukraine’s closest allies during the Russian invasion, will increase its support in
the next financial year to 2.5 billion pounds ($3.2bn), an increase of 200 million
pounds ($255m) on the previous two years, Sunak stated.
● The funding would cover long-range missiles, air defence, artillery ammunition and maritime
security.
● Ukrainian President Volodymyr Zelenskyy stated Ukraine and Britain also signed
an “unprecedented security agreement”, an accord that would remain in effect until Ukraine
joins the NATO military alliance.
● “This is not simply a declaration. This is a reality that will come to fruition as a result of our
cooperation, including security commitments from a major global power, the United Kingdom.
● If the UK and other countries had provided such a level of guarantees after 1991, there would
have been no Russian aggression at all,” Zelenskyy wrote on the social media platform X.
● He added that the common goal was to ensure that an attack on Ukraine “will never happen
again” once the war ends.
We Lead to Credible India: Indian lounges dominate World Economic Forum in Davos
● The World Economic Forum (WEF) is holding its Annual Meeting from January 15 to 19
in Davos, Switzerland.
● Attendees include António Guterres, UN Secretary-General, Ajay Banga, President of the
World Bank Group, Tedros Adhanom Ghebreyesus, Director-General of the World Health
Organisation, and political leaders from India, the US, China, France and Sri Lanka, among
others.
World Economic Forum:
● German professor Klaus Schwab founded the WEF. He was a mechanical engineering
graduate who then earned a Master of Public Administration degree from the John F.
.
Kennedy School of Government at Harvard University.

● From 1972 to 2003, Schwab was a professor of business policy at the University of Geneva.
● He founded WEF in 1971, originally known as the European Management Forum. It
introduced the concept of “stakeholder capitalism.” According to Schwab, “It is a form of
capitalism in which companies do not only optimize short-term profits for shareholders, but
seek long-term value creation, by taking into account the needs of all their stakeholders, and
society at large.”
● The WEF website says of the idea: “A company should serve all its stakeholders, not just its
shareholders: employees, suppliers, and the community it is part of.” As an extension of this,
business, government and civil society leaders have made their way to the high Alps “to
consider the major global issues of the day and to brainstorm on solutions to address these
challenges,” it adds.
Rajasthan CM Sharma holds meeting with Czech PM Petr Fiala in Jaipur
● Nims University Rajasthan proudly marked a historic occasion as it welcomed the Prime
Minister of the Czech Republic, E Prof. Petr Fiala to the University.
● The focal points of this distinguished visit were the foundation stone laying ceremony for
the ‘Petr Fiala Global Institute of Research Innovation’and the inauguration of the ‘Marik
Institute of Artificial Intelligence, Robotics, and Cybernetics’ within the university campus.
● The event witnessed the presence of distinguished guests, including Eliška Zygova, the
Ambassador of the Czech Republic in India, Tomas Pojar – National Security Advisor of the
Czech Republic, and other notable figures from both nations, emphasizing the diplomatic and
collaborative importance of the occasion.
Scientific ties between Nims and Czech Technical University
● With the inauguration of the Marik Institute of Artificial Intelligence, Robotics and Cybernetics
at University campus, Nims University and the Czech Technical University (CTU)
in Prague have launched the “Indo-Pacific-European Hub for Digital Partnership: Sustainable
Wellbeing (INPACE)”.
● A Memorandum of Understanding (MoU) has been signed to cooperate on the “Trusted Digital
Technologies”
● The project is part of the European Union’s HORIZON-CL4-2023-HUMAN-01 programme.
About Rajasthan:
● Governor: Kalraj Mishra
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● Chief minister: Bhajan Lal Sharma

● Capital: Jaipur
● National Park : Ranthambore National Park, Keoladeo National Park, Mukundara National
Park
● WildLife Sanctuary: Bandh Baratha WL Sanctuary, Bassi WL Sanctuary, Darrah Game
Sanctuary, Desert WL Sanctuary, Jawahar Sagar WL Sanctuary.
About Czech Republic:
● President: Petr Pavel
● Prime Minister: Petr Fiala
● Capital: Prague
● Currency: Koruna or Crown
China’s population drops for second year, with record low birth rate
● China’s population fell for a second consecutive year in 2023, as a record low birth rate and a
wave of COVID-19 deaths when strict lockdowns ended accelerated a downturn that will have
profound long-term effects on the economy’s growth potential.
● The National Bureau of Statistics stated the total number of people in China dropped by 2.08
million, or 0.15%, to 1.409 billion in 2023.
● That was well above the population decline of 850,000 in 2022, which had been the first
since 1961 during the Great Famine of the Mao Zedong era.
● China experienced a dramatic nationwide COVID surge early last year after three years of
tight screening and quarantine measures kept the virus largely contained until authorities
abruptly lifted curbs in December 2022.
● Total deaths last year rose 6.6% to 11.1 million, with the death rate reaching the highest level
since 1974 during the Cultural Revolution.
● New births fell 5.7% to 9.02 million and the birth rate was a record low 6.39 births per 1,000
people, down from a rate of 6.77 births in 2022.
● Births in the country have been plummeting for decades as a result of the one-child policy
implemented from 1980 to 2015 and its rapid urbanisation during that period.
● As with earlier economic booms in Japan and South Korea, large populations moved from
China’s rural farms into cities, where having children is more expensive.
● Japan’s birth rate was 6.3 per 1,000 people in 2022, while South Korea’s rate was 4.9.
About China:
.
● President: Xi Jinping
● Prime Minister: Li Qiang
● Capital: Beijing
● Currency: Yuan
Greenland has lost more ice than previously thought
● Climate change has caused Greenland’s ice sheet to lose 20% more ice than previously
thought, according to research published that used satellite imagery to track the retreat of
glaciers over the past four decades.
● Previous studies have found that about 5,000 gigatons of ice has been lost from the surface of
the Greenland ice sheet in the past two decades, a major contributor to rising sea levels.
● In the new study, researchers in the United States compiled nearly 2,40,000 satellite images
of glacier terminus positions — where glaciers meet the ocean — from 1985 to 2022.
Susceptible to change
● Researchers found that the Greenland glaciers most susceptible to seasonal changes — that
is expanding in winter and retreating in summer — are also the ones most sensitive to the
impact of global warming and experienced the most significant retreat since
● The melting of Greenland’s vast ice sheet — the world’s second-largest after Antarctica — is
estimated to have contributed more than 20% to observed sea level rise since 2002.
About Greenland:
● Prime Minister: Múte Bourup Egede
● Capital: Nuuk
● Currency: Danish Krone
Japan inks deal to buy 400 long-range missiles from U.S.
● Japan signed a deal with its ally the United States to buy 400 long-range Tomahawk
missiles as it ramps up its military capacity to counter regional security threats.
● Faced with growing Chinese military clout and a nuclear-armed North Korea, the Japanese
government plans to double its defense spending to the NATO standard of 2% of GDP by
2027.
● A sale of up to $2.35 billion (¥348 billion) for two types of Tomahawks, which have a 1,600-
kilometer (995-mile) range, was approved by Washington in November 2023.
● Japan has approved a record defense budget worth $56 billion for the next fiscal year from
April.
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● Japan has a pacifist post-war constitution, which limits its military to ostensibly defensive
measures.
● But when it updated key security and defense policies last year, Tokyo explicitly outlined the
challenge posed by China.
● At a news conference earlier in the day, U.S. ambassador Rahm Emanuel lauded Japan’s
new defense push.
● Last month Tokyo loosened arms export controls to enable it to sell Patriot missiles made
in Japan under license to the United States, which is seeking to replenish its stocks after
sending the weapon systems to
About Japan:
● Capital: Tokyo
● Currency: Yen
● Prime Minister: Fumio Kishida
About USA:
● Capital: Washington, DC
● Currency: Dollar
● President: Joe Biden
North Korea conducts ‘underwater nuclear weapons system’ test
● North Korea informed it has carried out a test of its “underwater nuclear weapons system” in
response to drills by the US, South Korea and Japan this week.
● The underwater drone, which supposedly can carry a nuclear weapon, was tested off the east
coast, state media stated.
● South Korea called the reported tests a “provocation”.
● The North has claimed tests of its “Haeil-5-23” system before, but the latest incident comes as
the North has ramped up military action in recent weeks.
● It claimed to have deployed a new solid-fuelled intermediate-range ballistic missile.
● That followed live-fire drills at the maritime borderwith South Korea in the first week of
January.
About North Korea:
● Capital: Pyongyang
● Currency: North Korean Won
● Leader: Kim Jong Un
.
Qatar, US sign deal to supply LNG to Bangladesh

• QatarEnergy and US-based Excelerate Energy signed an agreement on Monday to supply 1
million metric tonnes per year (mtpa) of liquefied natural gas (LNG) to Bangladesh for 15 years
from January 2026.
• The deal is the latest in a series state-owned QatarEnergy has with European and Asian partners
tied to its massive North Field expansion project, which is expected to lift Qatar's LNG production
to 126 mtpa by 2027 from 77 mtpa now.
• Qatar, among the world's top LNG exporters, is already the largest supplier of LNG to
Bangladesh.
Ukraine to start building 4 new nuclear reactors this year
• Ukraine's energy ministry stated that it will begin building four new nuclear reactors this year to
compensate for Russia's seizure of the country's largest nuclear plant.
• Energy Minister German Galushchenko stated in televised comments that all four new reactors
would be at the Khmelnytskyi nuclear power plant in western Ukraine, eventually making it the
largest in Europe.
• Ukraine's southern Zaporizhzhia nuclear power station, currently Europe's largest, has been
under Russian control since March 2022 and its six reactors have been shut down.
• Fierce fighting in the area and power cuts have raised international concerns since the plant still
needs electricity and water to cool its systems.
• The Khmelnytskyi plant will receive two reactors built to a US design, the minister stated.
• The plant, which dates back to the 1980s, currently has two reactors. Two others have long been
planned but their construction delayed.
• The Khmelnytskyi plant's construction began in 1981 and it went into operation the year after the
1986 Chernobyl disaster.
• The original plan was to build four reactors but construction of reactors three and four was halted
due to a moratorium on new nuclear projects.
• Later, Ukraine sealed a deal with Russia to build the reactors which was cancelled in 2015.
Pakistan, Iran agree to expand security cooperation after missile strikes

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• Pakistan and Iran agreed to work together to improve security cooperation in the wake
of deadly airstrikes by Tehran and Islamabad earlier this month that killed at least 11 people,
marking a significant escalation in fraught relations between the neighbors.
• The development came after the top Iranian diplomat, Hossein Amirabdollahian, held talks in
Islamabad with his Pakistani counterpart, Jalil Abbas Jilani.
• The Iranian foreign minister also met with Pakistans caretaker Prime Minister Anwaarul-Haq-
Kakar.
• Iran-Pakistan ties were dramatically imperilled on Jan. 17, when Iran launched airstrikes in
Pakistans restive southwestern Baluchistan province, targeting what Tehran stated were
hideouts of the anti-Iran Sunni militant group Jaish al-Adl, or the Army of Justice.
AP Moller-Maersk Reveals World’s Largest Methanol-Powered Container Ship
• AP Moller-Maersk has revealed the Ane Maersk, the world’s largest Ship that can run on the
green hydrogen derivative.
• It was named after Ane Maersk Mc-Kinney Uggla, Chairman of the Parent Company AP Moller
Holding.
• It can carry 8 times more containers than Danish Logistics Company’s Laura Maersk, which
became the world’s first methanol dual-fuel container ship when it was launched in September
2023.
• The Ane Maersk will begin its first voyage on 9th Feb from Hyundai Heavy Industries Shipyard in
Ulsan, South Korea, where it was constructed, to Ningbo, China.
• It will then head to Malaysia, followed by Sri Lanka, Saudi Arabia, Abu Dhabi, Morocco, the UK,
France, Belgium and Germany.
• Maersk has placed an order for 24 container ships with dual-fuel engines.
• Among these, 11 would be the same size as Ane Maersk, 6 would be bigger with a
17,000 TEU capacity, and 6 would be 9000 TEU.
Saudi Arabia to Inaugurate Riyadh's First Alcohol Store Exclusively for Non-Muslim Diplomats
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● Saudi Arabia is preparing to open its first alcohol store in the capital Riyadh which will serve
exclusively non-Muslim diplomats.
● Customers will have to register via a mobile app, get a clearance code from the foreign ministry,
and respect monthly quotas with their purchases.
● The move is a milestone in the kingdom's efforts, led by Saudi Crown Prince Mohammed bin
Salman, to open the ultra-conservative Muslim country for tourism and business as drinking
alcohol is forbidden in Islam.
● It is also part of wider plans known as Vision 2030 to build a post-oil economy.
● The new store is located in Riyadh's Diplomatic Quarter, a neighbourhood where embassies and
diplomats reside, and will be "strictly restricted" to non-Muslims.
● In 2016, Saudi Arabia launched its Vision 2030 under which it pledges to make the Kingdom - "a
vibrant society, a thriving economy, and an ambitious nation".
● This alcohol store is also part of the Vision 2030 to build a post-oil economy.
● In December 2017, Saudi Arabia lifted a 35-year ban on commercial theaters.
● In 2017, the Kingdom also ended a ban on women drivers, allowed women to attend sporting
events, and expanded their participation in the workforce.
About Saudi Arabia :
● Capital : Riyadh
● Currency : Saudi riyal
Royal Caribbean's Icon of the Seas to Claim Title of World's Largest Cruise Ship in January 2024
● Royal Caribbean’s Icon of the Seas embarks on its first official voyage on Jan. 27, 2024.
● The world’s largest cruise ship, the Icon is over 1,000 feet long (360 meters) and weighs in
around 250,000 gross registered tons.
● The vessel features an impressive 20 decks, offering a plethora of amenities including 40
restaurants, bars, and lounges, seven pools, six waterslides, and a striking 55-foot waterfall.
● Royal Caribbean anticipates that the Icon of the Seas will mark the dawn of "a new era of
vacations," likely referring to the innovative and extensive offerings available onboard.
● The ship will depart from Port Miami next week for its first seven-night sailing and head for a
number of destinations throughout the Eastern and Western Caribbean.
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Switzerland and India reach deal on FTA after 16 years of negotiations
• After 16 years of negotiations, Switzerland and India have finally reached a consensus on a free-
trade agreement, as confirmed by Swiss Economy Minister Guy Parmelin, reported.
• According to the agency, Parmelin travelled to India directly from the World Economic Forum in
Davos to meet with Minister Piyush Goyal.
• Parmelin is heading the delegation of the European Free Trade Association (EFTA). Last May,
the economics minister met Goyal.
• The meeting was described as a positive step towards advancing negotiations on a free trade
agreement.
• The EFTA states and India have been discussing this deal since 2008.
• The State Secretariat for Economic Affairs (SECO) announced that EFTA had updated its free
trade agreement with Chile.
• In future, almost all Swiss exports to Chile will be exempt from customs duties.
• Parmelin announced on the fringes of the WEF in Davos that the free trade agreement between
EFTA and Mercosur, which has been planned for years, could be concluded in 2024.
• The Mercosur states of Brazil, Argentina, Uruguay and Paraguay are informer to be ready.
Cabo Verde Declared A Malaria-Free Country

⚫ The World Health Organization (WHO) has certified Cabo Verde as a malaria-free country,
marking a significant achievement in the global fight against the disease
• Cabo Verde joins the 43 other countries and 1 territory that have received this certification,
becoming the third country in the WHO African region to achieve this status, following Mauritius
and Algeria.
• \Malaria remains an urgent health concern, especially in Africa, where approximately 95% of
global malaria cases and 96% of related deaths occurred in 2021.
• Cabo Verde’s success in eliminating malaria is a triumph for the nation and brings hope for the
African region.
• The World Health Organization reported that Cabo Verde’s prime minister, Ulisses Correia Silva,
expressed his pride in the nation’s achievement, emphasising the positive impact on external
perception, particularly regarding tourism and overall image.
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• The certification is expected to attract more visitors to the archipelago, where tourism accounts
for about 25% of the GDP.
• The journey to malaria elimination in Cabo Verde has been difficult.
• The archipelago, consisting of 10 islands in the Central Atlantic Ocean, faced significant malaria
challenges before targeted interventions began in the 1950s.
Iran successfully launches Sorayya satellite into orbit
• The Islamic Revolution Guard Corps (IRGC) successfully launched its Sorayya satellite into a
750-kilometer orbit.
• The launch marks a significant milestone for Iran's aerospace capabilities and further
demonstrates its growing ambitions in space technology.
• The three-stage solid-fuel Qaem 100 satellite carrier, developed by the IRGC Aerospace Force,
carried the Sorayya satellite into space.
• The satellite's successful placement in orbit has set a new record for Iran, as it represents the
first time the country has launched a satellite into this altitude.
• The launch was witnessed by Major General Hossein Salami, the commander of the IRGC,
Hassan Salarieh, the head of the Iranian Space Agency, Amir Ali Hajizadeh, commander of the
IRGC Aerospace Force, and a group of military figures.
• Sorayya is a research satellite with a mass of approximately 50 kilograms.
• It is equipped with a variety of scientific instruments that will be used to collect data on various
aspects of space, including weather patterns, Earth's resources, and the environment.
• The sub-orbital launch of the Qaem 100 satellite carrier was successfully conducted in October
2022.
• This successful orbital launch marks a significant step forward in Iran's space program and
further strengthens its position as a regional space power.
• The Qaem 100, with its three stages of solid fuel, is capable of placing satellites weighing up to
80 kilograms in an orbit of 750 kilometers from Earth's surface.
• This capability will enable Iran to launch larger and more sophisticated satellites in the future.
• The successful launch of the Sorayya satellite is a testament to Iran's ongoing commitment to
developing its space program and expanding its technological capabilities.
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STATE NEWS
Telangana Chief Minister Revanth Reddy Launches "Abhaya Hastam" for Congress' Six Guarantees
Implementation in 100 Days
• Telangana chief minister A Revanth Reddy kickstarted “Abhaya Hastam”, a programme to
implement the six guarantees as promised by the Congress before the elections, and the
government was committed to implementing all the promises within 100 days.
• Under this, a special campaign 'Praja Palana' (People’s governance) was launched across the
state on 28 December, 2023.
• The program, aimed at receiving applications from eligible beneficiaries of various schemes
promised under Abhay Hastam, will end on January 6, 2024.
• The state government has also launched the format of the “Praja Palana” applications, the program
logo, and other materials.
About Telangana :
• Governor : Tamilisai Soundararajan
• Chief Minister : Anumula Revanth Reddy
• Capital : Hyderabad
• National Park : Mahavir Harina Vanasthali National Park, Nehru Zoological Park
• Wildlife Sanctuary : Pakhal Lake And Wildlife Sanctuary, Eturnagaram Sanctuary, Pocharam Dam
And Wildlife Sanctuary, Kinnerasani Wildlife Sanctuary
Kerala Introduces K-Smart Tech Solution for Streamlining Local Self-Government Services
● Aimed at making available all services of local self-government institutions over a uniform digital
platform, Kerala has introduced K-Smart (Kerala Solutions for Managing Administrative
Reformation and Transformation), the first of its kind project in the country.
● It is for the first time that a system that makes available the entire gamut of services of a
department in a single click is being introduced in the country.
● Initially, K-Smart will be operational in corporations and municipalities and later will be rolled out
in grama panchayats as well.
● It is embedded with an Integrated Messaging System that facilitates delivery of the
acknowledgment receipt of complaints and applications in the portal that can be accessed
through login of the applicant or complainant as also via Whatsapp and email.
About Kerala:
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● Capital: Thiruvananthapuram
● Chief Minister: Pinarayi Vijayan
● Governor: Arif Mohammad Khan
● National Parks: Periyar National Park, Mathikettan National Park, Eravikulam National Park,
Silent Valley National Park, Indira Gandhi National Park
Jharkhand govt reduces qualifying age for old-age pension to 50
• Jharkhand Chief Minister Shri Hemant Soren announced that the qualifying age for old-age
pension for tribals and Dalits has been reduced from 60 years to 50 years.
• The government has taken this decision because the death rate among tribals is high and they
do not get jobs after 60 years.
• Meanwhile, in September,2023 the Jharkhand government decided to add the transgender
community under its universal pension scheme in a move to provide social security and bring
them into the mainstream of society.
• According to the department of women, child development and social security (WCDSS),
transgenders would need to get a certificate from the deputy commissioner’s office to avail the
benefits of the pension scheme.
About Jharkhand :
• Governor : C. P. Radhakrishnan
• Chief Minister : Hemant Soren
• Capital : Ranchi
• Tiger Reserve : Palamu Tiger Reserve
• Wildlife Sanctuary : Dalma Wildlife Sanctuary, Gautam Budha Wildlife Sanctuary, Udhwa Lake
Bird Wildlife Sanctuary
Maharashtra Approves Establishment of Maharashtra Drone Mission, Envisions Global Drone Hub
Status
• The Maharashtra government has decided to set up the Maharashtra Drone Mission (MDM) for the
use of drone technology.
• Aim of the Mission : To utilize drone technology for various functions, including security
surveillance, disaster rescue and relief, delivery of emergency medicines and vaccines to remote
areas, monitoring infrastructure projects, and traffic management.
• A five-year implementation plan has been developed by a team of experts from the Indian Institute
of Technology (IIT)-Bombay.
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• The headquarters of the Maharashtra Drone Mission will be located at IIT-Bombay.

• This move is expected to transform Maharashtra into a global drone hub.
About Maharashtra
• Governor: Ramesh Bai
• Chief Minister: Eknath Shinde
• Capital: Mumbai
• National Park: Tadoba National Park, Navegaon National Park
• Wildlife Sanctuaries: Bhimashankar Wildlife Sanctuary, Karnala Bird Sanctuary, Nagzira Wildlife
Sanctuary
• UNESCO Heritage Sites: Chhatrapati Shivaji Maharaj Terminus, The Victorian and Art Deco
Ensemble of Mumbai, Ajanta Caves, Elephanta Caves, Ellora Caves
Jammu and Kashmir becomes first Union Territory to implement PM Vishwakarma Yojana
• Jammu and Kashmir (J&K) has become the first Union Territory (UT) to implement the Prime
Minister (PM) Vishwakarma Yojana.
• PM Vishwakarma Yojana is an initiative to empower and enhance the skills of the craftsman
community.
• PM Vishwakarma Yojana was launched by the Ministry of Micro, Small and Medium Enterprises
(MSME) to provide holistic support to artisans and craftspeople, including access to collateral-free
credit, skill training, modern tools, incentives for digital transactions, and market linkage support.
• The primary aim of the scheme is to recognize artisans and craftspeople through PM Vishwakarma
certificates and ID cards.
• The scheme includes basic training of five to seven days, advanced training of 15 days or more, a
stipend of ₹500 per day, and a free modern toolkit worth ₹15,000 for trained Vishwakarmas.
About J&K :
• Lieutenant Governor : Manoj Sinha
• Capitals : Srinagar, Jammu
Vinfast Announces Plans to Establish Electric Vehicle (EV) Manufacturing Facility in Tamil Nadu's
Thoothukudi
• inFast, Vietnam's leading automaker and electric vehicle (EV) manufacturer, is set to establish an
EV and battery manufacturing facility in Thoothukudi, near Chennai.
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• The facility in Thoothukudi is planned to have the capacity to produce 150,000 electric vehicles
(EVs) in the first phase.
• Total Investment : The total investment in the 400-acre facility is expected to reach as much as $1
billion or potentially even more.
• Global Expansion Strategy : VinFast, the EV arm of Vingroup (Vietnam’s largest conglomerate),
had previously announced plans to build assembly factories in India and Indonesia.
About VinFast :
• Founded : 2017
• VinFast currently has a manufacturing facility in Hai Phong in Vietnam.
• VinFast announced that for its next phase of development starting in 2024, it plans to roll out
dealership networks in new market clusters including India.
About Tamil Nadu :
• Governor: R. N. Ravi
• Chief minister: M. K. Stalin
• Capital: Chennai
• Dance : Bharatnatyam, Karakattam
• National Park: Mudumalai National Park, Mukurthi National Park, Guindy National Park, Gulf of
Mannar Marine National Park
• Wildlife Sanctuaries: Kalakad Wildlife Sanctuary, Karikili Bird Sanctuary, Vedanthangal Bird
Sanctuary
• Tiger Reserve: Anamalai Tiger Reserve
• Biosphere Reserve : Agasthyamalai Biosphere Reserve
Himachal Pradesh Government Notifies Granting Scheduled Tribe (ST) Status to Hatti Community
• The Himachal Pradesh (HP) government has issued a notification granting Scheduled Tribes (ST)
status to the Hatti community in the Transgiri area of Sirmaur district.
• Members of the Hatti community, residing in 154 panchayats, had been demonstrating against the
state government for not implementing the Constitution (Scheduled Tribes) Order (Second
Amendment) Act, 2023, and notifying the community as ST.
• The Constitution (Scheduled Tribes) Order (Second Amendment) Bill, 2023, was passed by
Parliament, and the President notified it on August 4, 2023.
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West Bengal Secures Geographical Indication (GI) Tags for Sundarban Honey, Black Nunia Rice,
Tangail, Gorod & Kadiyal Sarees
• West Bengal has achieved Geographical Indication (GI) tags for 5 more products as part of the
National GI Drive Mission.
• The newly awarded GI tags include Sundarban honey, Black Nunia rice, Tangail sarees, Gorod
sarees, and Kadiyal sarees.
• The Central Government has uploaded the names of the products with GI tags on the designated
portal.
• Sundarban honey, collected from the Sundarban forest, has received a GI tag. It was collected
by the 'Mauli' community.
• The West Bengal Forest Development Corporation Limited (WBFDCL) has applied for a special
GI tag for Sundarban honey.
• WBFDCL collects and processes Sundarban honey, selling it under the brand name "Mouban."
About West Bengal:
• Capital: Kolkata
• Chief Minister: Mamata Banerjee
• Governor: C V Anantha Bose
• National Parks: Neora Valley National Park, Buxa Tiger Reserve, Jaldapara National Park,
Gorumara National Park, Sunderbans National Park
Arunachal Pradesh's Adi Kekir, Handmade Carpets, and Wancho Wooden Craft Granted Geographical
Indication (GI) Tag
• Arunachal Pradesh's ginger, locally known as Adi Kekir, handmade carpets and Wancho wooden
craft have secured the Geographical Indication (GI) tag.
• A geographical indication or GI is a sign used on products that have a specific geographical origin
and possess qualities or a reputation that are due to that origin.
About Adi Kekir Ginger :
• Adi Kekir is a specific variety of ginger grown in East Siang, Siang, and Upper Siang districts of
Arunachal Pradesh.
• It is known for its taste and size.
About Handmade Carpets :
• The handmade carpets made by Tibetan refugees, who live in various parts of the state, are known
for their typical designs, motifs and textures.
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About Wancho Wooden Craft :

• Wancho wooden craft items are unique as they feature tobacco pipes with head-shaped bowls and
drinking mugs showing warriors carrying heads.
• The artisans also make sculptures of Lord Buddha, animals and dolls.
• Including ginger, handmade carpets, and Wancho wooden craft, a total of six products from
Arunachal Pradesh have now received the Geographical Indication (GI) certification.
• Earlier, Arunachal Pradesh had received the GI tag for products such as Yak Churpi (cheese from
Arunachali yak milk), Khamti rice (sticky rice from Namsai district), and Tangsa textile (from
Changlang district).
Assam Government Initiates 'Gunotsav 2024' to Assess Performance of 40 Lakh Students in
Government Schools
• 'Gunotsav 2024' has been launched by the Assam Government for holistic assessment of
students' performance.
• It has been launched for holistic assessment of the performance of about 40 lakh students of
43,498 government schools in 35 districts of the state.
About Gunotsav :
• Gunotsav, an initiative of the Government of Assam, is covering all government primary and
secondary schools in the state.
• The services of 18,098 external evaluators will be used for this evaluation process, starting in all
the primary and secondary schools of the state.
• This diverse group of evaluators will include the chief minister, MLAs, the chief secretary, and
college teachers, Government Officers among others to visit schools as external evaluators.
• This evaluation process in schools will continue in three phases till February 8, which started on
3 January 2024.
• Additionally, the assessment will evaluate schools' performance across various domains,
including scholastic and co-scholastic aspects, infrastructure availability and utilization, and
community participation.
• 'Gunotsav' was organized for the first time in 2017.
About Assam :
• Governor : Gulab Chand Kataria
• Chief Minister : Himanta Biswa Sarma
• Capital: Guwahati
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• National Park: Kaziranga National Park, Manas National Park, Nameri National Park
• Wildlife Sanctuary: Garampani Wildlife Sanctuary, Laokhowa Wildlife Sanctuary, Bornadi Wildlife
Sanctuary
National Youth Festival at Nashik in Maharashtra
• Prime Minister Narendra Modi will inaugurate the 27th National Youth Festival at Nashik in
Maharashtra.
• He will also address the youth of the nation.
• National Youth Day is celebrated every year to honour the ideals and thoughts of Swami
Vivekananda.
• Road safety awareness events will be conducted at major cities and 750 district headquarters of
the country.
• The theme of the National Youth Festival this year is “MYBharat-ViksitBharat@2047- By the Youth,
For the Youth."
IndiGo Airlines launches direct flight between Ayodhya and Ahmedabad

• Direct flight services from Ayodhya to Ahmedabad started on January 11,2024.
• Uttar Pradesh Chief Minister Yogi Adityanath inaugurated the direct flight of IndiGo Airlines from
Ayodhya to Ahmedabad through Video conferencing.
• On this occasion, the Chief Minister stated that this Maharshi Valmiki International Airport in
Ayodhya will help in shaping the future of the youth of the region and will also benefit the economy
in a major way.
• He also thanked Prime Minister Narendra Modi, Union Civil Aviation Minister
Mayurbhanj's Red Ant Chutney in Odisha Secures Geographical Indication (GI) Tag
• The Similipal kai chutney made with red weaver ants by the tribal people of Odisha’s Mayurbhanj
district (Odisha) received the geographical identity tag.
• The application was made by The Mayurbhanj Kai Society Ltd in 2020 for registration in Class 30
under sub-section (1) of section 13 of Geographical Indications of Goods (Registration and
Protection) Act, 1999.
About Similipal Kai Chutney :
• The savoury chutney is popular in Mayurbhanj region for its healing properties and also deemed
important for nutritional security of the tribal people.
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• Many indigenous people from Mayurbhanj district venture into nearby forest to collect kai pimpudi
(red weaver ant).
• Around 500 tribal families have been eking out a living by collecting and selling these insects and
a chutney made with them.
About Red Weaver Ants :
• The red weaver ants are indigenous to Mayurbhanj and are found in abundance in the jungles of
every block area of the district, including in the Similipal Tiger Reserve, throughout the year.
• The red weaver ants form colonies with multiple nests in trees.
• Each nest is made of leaves stitched together with the silk produced by their larvae.
• They mostly lodge in trees like mango, sal, jambu and jackfruit.
• The nests are strong enough against wind and impermeable to water.
About GI Tag :
• A GI, a kind of Intellectual Property Rights (IPR), is primarily an agricultural, natural or
manufactured product (handicraft and industrial goods) originating from a definite geographical
territory.
• A GI is a label that is applied to products that have a specific geographical origin and that have
characteristics related to a particular location.
• The tag is valid for a period of 10 years after which it is renewed.
India's Longest Sea Bridge To Be Inaugurated By PM Modi
• The Mumbai Trans Harbour Link (MTHL) or Atal Setu, longest sea bridge in India is set to be
inaugurated by the prime minister Narendra Modi.
• The bridge has been named after former prime minister and late BJP veteran Atal Bihari
Vajpayee.
• 21.8 km in length and having six lanes, the bridge has been constructed at a whopping cost
of ₹18,000 crore.
• The bridge originates from Sewri in Mumbai and ends at Nhava Sheva in Uran taluka in Raigad
district.
• It is expected to boost economic development in Navi Mumbai and other nearby areas. It has
shortened the distance between Mumbai and Navi Mumbai to just 20 minutes which earlier took
2 hours.
Modi inaugurates NACIN complex in Andhra Pradesh

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● Prime Minister Narendra Modi will be inaugurating the new campus of National Academy of
Customs, Indirect Taxes & Narcotics (NACIN) at Palasamudram in Andhra Pradesh’s Sri
Sathya Sai
● He will be interacting with the Officer Trainees of the 74th and 75th batch of Indian Revenue
Service (Custom and Indirect Taxes) as well as the Officer Trainees of the Royal Civil Service
of Bhutan.
● He will be visiting the Antiques Smuggling Study Centre, Narcotics Study Centre and Wildlife
Crime Detection Centre at NACIN and will also plant a sapling and interact with construction
workers.
● The PM will also be releasing a book titled Flora of Palasamudram.
● Andhra Pradesh Governor S A Nazeer, Chief Minister Y S Jagan Mohan Reddy and Union
Finance Minister Nirmala Seetharaman are also likely to participate in the programme.
About NACIN:
● NACIN is an apex training institute by the Government of India which plays a pivotal role in
training officers of various countries in the department of customs, drug laws and environment
protection.
● It has been imparting in-service training to the officers of Government of India across several
departments including Customs, Central Excise, Service Tax, Drug Laws, Anti-Money
laundering, Weapons of Mass Destruction, Fake Indian Currency Notes, Currency Notes,
Ozone Depleting Substance (ODS), Intellectual Property Right (IPR)
Here are five things about the institute:
Organisation:
● NACIN is a training institute by the Government of India under the administrative control of the
Central Board of Excise & Customs (CBEC), Department of Revenue, Ministry of Finance,
Government of India.
Vision:
● NACIN has a vision to create an institution of excellence where people can achieve full
potential in their academic, creative, personal, physical, moral and spiritual development.
Mission:
● The mission of NACIN is to meet the requirements of the Excise and Customs
Department and to contribute to strengthening the nation.
Aim:
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● NACIN aims at looking out of the box and the ability to read and find out the fine things that
often escape the less trained and inexperienced eyes.
● It aims at creating dynamism by making a habit of not accepting things, especially the systems
that promote stagnation and corruption.
● NACIN also aims at skill management by learning, unlearning and relearning along with the
changing time.
● The institute aims at making people want to take decisions without haste or delay and is
dedicated to instill professionalism in officer trainees.
Idea:
● The institution operates on a set of powerful ideals.
● The purpose is not to fill the minds of young officers with an endless accumulation of raw
facts. Instead, its idea is to infuse a new dynamic and composite perspective in the minds of
the trainees.
● The institute believes in continuous modernisation and restructuring.
About Andhra Pradesh:
● Governor: Abdul Nazeer
● Chief minister: YS Jagan Mohan Reddy
● Capital: Amaravati
● National Park : Nagarjunasagar Srisailam Tiger Reserve, Papikonda National Park, Rajiv
Gandhi (Rameswaram) National Park, Sri Venkateswara Wildlife Sanctuary, National Park
● Wildlife Sanctuaries : Gundla Brahmeswaram Wildlife Sanctuary, Coringa Wildlife Sanctuary,
Koundinya Wildlife Sanctuary, Krishna Wildlife Sanctuary, Pulicat Lake Wildlife Sanctuary
Maharashtra Pench Tiger Reserve becomes India’s first Dark Sky Park
● The Pench Tiger Reserve (PTR) in Maharashtrahas been marked as India’s first Dark Sky
Park and the fifth such park in Asia for protecting the night sky and preventing light pollution,
making the facility ideal for astronomy enthusiasts.
● The International Union for Conservation of Nature(IUCN) emphasises on the recognition of
the intrinsic value of the night sky as a natural, cultural, and historical resource.
● The IUCN also highlights the need to preserve natural darkness for the sake of nature
conservation, ecological integrity in protected areas, and the well-being of communities in
healthy cities, stated Prabhu Nath Shukla, deputy director of PTR Maharashtra.
● The escalating global threat of light pollutionposes a substantial risk to this invaluable
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resource, he stated in a release.

● The Dark and Quiet Skies for Science and Society Working Group, led by the International
Astronomical Union, has recommended the establishment of ‘Dark Sky Oases’ by national
and local governments, Shukla
● He stated the Dark Sky Place certification focuses on lighting policy, dark sky-friendly retrofits,
outreach and education, and monitoring the night sky.
● The reserve has inaugurated a night observatory with the district planning committee (DPC)
fund, the official stated, adding that the area near Bagholihas been earmarked for stargazing.
● As part of the measures, more than 100 street and community lights in Wagholi, Sillari,
Pipariya and Khapa villages of the Paoni UC Range buffer area have been replaced with
lights facing the ground to mitigate light pollution, he stated.
About Pench Tiger Reserve:
● Pench Tiger Reserve or Pench National Park is one of the premier tiger reserves of India and
the first one to straddle across two states – Madhya Pradesh and Maharashtra.
● The fictional works of Rudyard Kipling, The Jungle Book and The Second Jungle Book, are
set in the region. Kipling himself never visited the area, instead basing his descriptions on
other locations in India.
What is a Dark Sky Park?
● A dark-sky preserve is an area, usually surrounding a park or observatory, that restricts
artificial light pollution.
● The purpose of the dark-sky movement is generally to promote astronomy.
● The Indian Astronomical Observatory(IAO), a high-altitude astronomy station located
in Hanle, and operated by the Indian Institute of Astrophysics, is India’s first dark-sky
preserve.
● It is Situated in the Western Himalayasat an elevation of 4,500 meters (14,764 ft), the IAO is
one of the world’s highest-located sites for optical, infrared and gamma-ray telescopes.
About Maharashtra:
● Governor: Ramesh Bais
● Chief minister: Eknath Shinde
● Capital: Mumbai
● National Park : Sanjay Gandhi (Borivali) National Park, Nawegaon National Park, Pench
(Jawaharlal Nehru) National Park , Gugamal National Park, Tadoba National Park
.
Haryana CM Inaugurates 2nd Panchkula Book Fair with ‘Knowledge and Electricity’ Theme
● Haryana Chief Minister Manohar Lal inaugurated the 2nd Panchkula Book Fair, organized by
six departments under the aegis of power companies in Panchkula.
● The National Book Trust also has a special contribution in this fair.
● The theme of the book fair is “Haryana illuminates with the light of knowledge, knowledge
flows through electricity”.
● Nearly 100 publishers have put stalls in the fair, in which books of Hindi, English, Urdu,
Sanskrit, Punjabi, among others are available. The book fair will continue till 22 January.
● Addressing the event, Haryana Chief Minister stated that the coordination of language in
books is akin to the mutual relationship between body and soul.
● He stated that books not only enhance knowledge but also free us from mental stress.
● He stated that in ancient times, ‘Shruti Gyaan’ was used to impart knowledge to the future
generations.
About Haryana:
● Governor: Bandaru Dattatreya
● Chief minister: Manohar Lal Khattar
● Capital: Chandigarh
● National Park : Sultanpur National Park, Kalesar National Park
● Wildlife Sanctuaries: Morni Hills (Khol-Hi-Raitan) Wildlife Sanctuary & Bir Shikargarh Wildlife
Sanctuary, Chhilchhila Lake Wildlife Sanctuary, Khaparwas Wildlife Sanctuary
Odisha CM unveils project to develop heritage corridor around Puri’s Jagannath Temple
● Odisha Chief Minister Naveen Patnaik unveiled the Shree Mandir Parikrama Prakalpa
(SMPP),a massive peripheral development project around Puri’s 12th century Shree
Jagannath Temple.
● Patnaik reached Puri at the end of three days of rituals performed at the temple, presided over
by Puri’s titular king Dibyasingh Dev.
Zone-wise development
● The 75-metre-wide space encircling the temple, known as the heritage corridor, has now been
named the SMPP and divided into nine different zones.
● First, the SMPP has a 7-metre green buffer zone, adjacent to the Meghanada Pacheri, or the
boundary of the temple.
● This is followed by the 10-metre Antar Pradakshina, which allows space for ceremonial
.
processions of the deities throughout the year; it also doubles as a parikrama path, inviting the
general public to undertake a circumambulation of the sacred Shree Mandira complex.
● There is a 14-metre landscape zone where a garden showcases a variety of trees integral to
Jagannatha culture.
● An 8-metre Bahya Pradakshina lets visitors spend some time in quietness and contemplation.
● A 10-metre public convenience zone has nine restrooms, drinking water facilities, two
information-cum-donation kiosks, and three mini cloakrooms, apart from a police kiosk.
● There is also a shaded footpath, and a dedicated emergency lane.
About Odisha:
● Governor: Raghubar Das
● Chief minister: Naveen Patnaik
● Capital: Bhubaneswar
● National Park: Bhitarkanika National Park, Nandankanan National Park, Simlipal National
Park.
● Wildlife Sanctuary: Ushakothi Wildlife Sanctuary, Tikarpada Wildlife Sanctuary, Chandaka
Elephant Reserve
Ram Temple: UP govt to start helicopter services from six districts to Ayodhya
● The Uttar Pradesh government plans to initiate helicopter services to Ayodhya

from six districts in the state by the end of January.
● As per the release, chief minister Yogi Adityanath will inaugurate the helicopter service from
● The initiative is set to introduce an aerial darshan of Ayodhya city and the Ram temple for
devotees.
● This aerial tour will cover prominent tourist destinations, including Ram Mandir,
Hanumangarhi, and Saryu Ghat.
● Services are set to commence from Gorakhpur, Varanasi, Lucknow, Prayagraj, Mathura, and
Agra.
● The helicopter ride can accommodate up to five devotees, with a weight limit of 400 kg, and
devotees are allowed to carry a maximum of 5 kg of luggage.
About Uttar Pradesh:
● Governor: Anandiben Patel
● Chief minister: Yogi Adityanath
.
● Capital: Lucknow
● National Park: Jim Corbett National Park, Dudhwa National Park
● WildLife Sanctuary: Mahavir Swami Wildlife Sanctuary, Kishanpur Wildlife Sanctuary, National
Chambal Gharial Wildlife Sanctuary, Kaimur Wildlife Sanctuary, Chandraprabha Wildlife
Sanctuary
Karnataka HC imposes Rs 5 lakh penalty on Govt for not complying with 2020 court order
● The Karnataka High Court has imposed a fine of Rs 5 lakh on the State Government after it
did not comply with a court order passed in 2020.
● The order was passed by a bench consisting of Chief Justice Prasanna Varale and Justice
Krishna S Dixit.
● The contempt complaint was filed by a retired employee of the Department of Public Libraries
regarding the non-fulfilment of the 2020 order, which had ruled in his favour regarding
entitlement to pay increments.
● The 2020 order was based on a petition that the employee had filed in 2014, and ended with
the court directing the Government to comply with its order from 2006 and pay the amount.
About Karnataka:
● Governor: Thawar Chand Gehlot
● Chief minister: Siddaramaiah
● Capital: Bengaluru
● National Park: Bandipur National Park, Anshi National Park, Kudremukh National Park.
● WildLife Sanctuary: Nagarahole Tiger Reserve, Bhadra Wildlife Sanctuary, Mudumalai Tiger
Reserve, Bannerghatta Biological Park.
Andhra Pradesh CM Jagan to unveil 125-ft statue of Ambedkar in Vijayawada
● Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy will unveil a 125 foot statue of Dr B R
Ambedkar at Swaraj Maidan in
● The statue, constructed at an estimated cost of Rs 404 crore, stands on an 81-foot pedestal,
making it a 206-feet
● It is named as the ‘Statute of Social Justice’ and Swaraj Maidan will be named after Dr B R
Ambedkar.
● The state government has stated that it is the tallest non-religious statue project in the
country.
● The project has a park with Dr BR Ambedkar experience centre, a convention centre with a
.
seating capacity of 2,000, a food court, a play area for children, water bodies, musical fountain
and long walking paths, officials informed.
● The 125-foot statue is made of steel frame and bronze cladding and is completely made in
India. Around 400 MT of stainless steel and 120 metric tonnes of bronze were used for the
construction of the statue. The 81 foot pedestal building Is designed as Kalachakra Maha
Mandal of Buddhist architecture.
● The project, which was started in December 2021, has been implemented by the Social
Welfare Department (nodal agency) of the state government and Andhra Pradesh Industrial
infrastructure Corporation.
Bengal CM Mamata Banerjee inaugurates 47th Kolkata International Book Fair
● Inaugurating the International Kolkata Book Fair, West Bengal Chief Minister Mamata
Banerjee stated that relations between India and the UK have spanned over a long time since
the Battle of Plassey in 1757.
● The UK is the theme country of this 47th edition of the book fair.
● Banerjee stated since 1757, the British had ruled India till Independence during which several
architectural edifices have been constructed by them.
● Banerjee stated she had received invitations from a premier UK university which she is likely
to visit after June this year.
● Nearly 20 countries are participating in this year’s book fair which has become a big festival in
the metropolis, she added.
● The chief minister stated she had published 143 books so far and intends to make the
figure 150 next year, she added.
About West Bengal :
● Governor: V. Ananda Bose
.
● Chief minister: Mamata Banerjee

● Capital: Kolkata
● National Park : Jaldapara National Park, Sunderban National Park (also a Tiger Reserve),
Singalila National Park, Neora Valley National Park, Gorumara National Park, Buxa National
Park
● Wildlife Sanctuaries : Senchal Wildlife Sanctuary, Lothian Island Wildlife Sanctuary,
Mahananda Wildlife Sanctuary, Sajnekhali Wildlife Sanctuary, Pakhi Bitan Wildlife Sanctuary
Moh-Juj Fights: A Cultural Resurgence in Assam
● The Assam Government, led by Chief Minister Himanta Biswa Sarma, reinstated the
traditional buffalo fight (Moh-Juj) after a nine-year hiatus.
● The event, held in the Ahotguri area of Nagaon district, marks a significant cultural revival.
● The Supreme Court had previously banned such events, akin to Tamil Nadu’s Jallikattu and
Maharashtra’s bullock cart
From ban to reinstatement
● The Supreme Court had outlawed Jallikattu and bullock-cart races in 2014, including events of
a similar nature.
● However, a breakthrough came in May last year when five-judge bench upheld amendments
by Tamil Nadu, Maharashtra, and Karnataka to the Prevention of Cruelty to Animals (PCA)
Act, 1960.
● This allowed the resumption of bull-taming
● Responding to a Gauhati high court query in October, the Assam Government committed to
framing Standard Operating Procedures (SOP).
● Subsequently, on December 8, 2023, the state cabinet approved the revival of traditional
buffalo fights under strict SOP.
● According to Sarma, Moh-Juj was introduced to Assamese culture by the 30th Ahom king
Swargadeo Rudra Singha nearly 200 years ago.
● Alongside buffalo fights, Swargadeo Rudra Singha introduced elephant-fights and bird fights,
events that played a unifying role in society.
● The chief minister stressed the delicate balance achieved between animal welfare and the
celebration of ancient culture.
● In addition to Moh-Juj, the Assam Government also revived the traditional bird-fight, Bulbuli
fight, which had faced a ban in 2016.
.
● The event, organised in Hayagriva Madhav, was attended by Chief Minister Sarma and his
family.
● Sarma reiterated the government’s commitment to breathing life into ancient customs and
rituals.
PETA’s concerns
● People for the Ethical Treatment of Animals (PETA), India, raised concerns about the events
being a violation of the Prevention of Cruelty to Animals (PCA) Act, 1960.
● PETA urged Chief Minister Sarma to halt Moh-Juj and Bulbuli bird fights during the Bhogali
Bihu festival, emphasising the legal implications based on Supreme Court judgments.
About Assam:
● Governor: Gulab Chand Kataria
● Chief minister: Himanta Biswa Sarma
● Capital: Dispur
● National Park : Kaziranga National Park, Manas National Park, The Orang National Park,
Raimona National Park, Namdapha National Park
● Wildlife Sanctuary: Sonai Rupai Wildlife Sanctuary, Pani-Dihing Wildlife Sanctuary, Nambor
Wildlife Sanctuary, Marat Longri Wildlife Sanctuary, Lawkhowa Wildlife Sanctuary
Andhra Pradesh begins caste census
● The YS Jagan Mohan Reddy government in Andhra Pradesh launched a comprehensive
caste census to enumerate all the castes in the state.
● A special phone app has been designed by the government to conduct the census, expected
to be completed in another 20 days to one month.
● Andhra Pradesh has become the second state in the country, after Bihar, to launch such
a caste census.
● More than 700 caste groups are available on the mobile application for the public to choose
theirs.
● The ‘No caste’ option has also been provided.
● According to some rough estimates, the BCs, which include around 143 different caste
groups, comprise around 37 percent of the state’s population of approximately 4.98 crore.
● Kapus and various OBC groups are numerically significant, constituting around 15 percent of
the overall population of Andhra Pradesh.
.

Akasa Air announces flight operation from upcoming Noida International Airport
● Akasa Air has become the second airline to announce a tie up with Noida International Airport,
located near the national capital.
● Visitors gathered near an Akasa Air aircraft during the ‘Wings India 2024’, an exhibition and
conference on civil aviation, at the Begumpet Airport in Hyderabad.
● Previous to Akasa Air, IndiGo was the first airlines to announce its partnership with the Noida
airport for commercial services to enhance connectivity, the airline had said in a statement
earlier.
● A partnership agreement was signed between Akasa Air and Noida International
Airport in Hyderabad on the sidelines of industry event ‘Wings 2024’.
● The Noida International Airport, which is also called the Jewar International Airport, is aimed
at servicing the National Capital Region (NCR).
● Noida International Airport, which is expected to start operating from September 2024, is
aimed at offering passengers unmatched connectivity and an exceptional travel experience.
● Akasa Air’s partnership with Noida airport will help aid connectivity between NCR and Tier 2
and 3 cities across the country.
All about Noida International Airport
● The Noida International Airport of Jewar Airport is an under-construction international airport
which is situated near the new planned YEIDA city in Uttar Pradesh.
● The airport is aimed at acting as a connectivity point for Delhi NCR, set to relieve some of the
load from the Indira Gandhi International Airport in Delhi.
● Once completed, Jewar Airport will be India’s and Asia’s largest international airport.
● Further, the National Highway Authority of India is also constructing a 31-km greenfield
highway from the airport to Sector-65, Faridabad on Delhi–Mumbai Expressway.
● The first flight operations from the airport are expected to start by the end of
.

● Governor : Anandiben Patel
● Chief Minister : Yogi Adityanath
● Capital : Lucknow
● National Park : Dudhwa National Park, National Chambal Sanctuary, Sariska National Park
● Wildlife Sanctuary : Bakhira Wildlife Sanctuary Bakhira Wildlife Sanctuary, Chandraprabha
Wildlife Sanctuary, Dr Bhimrao Ambedkar Bird wildlife Sanctuary, Hastinapur Wildlife
Sanctuary
‘Gole Mela’ Festival at Jagannath Temple, Udhampur, J&K
● In Jammu and Kashmir, a Popular Festival known as ‘Gole Mela’ was organized at Jagannath
temple in Udhampur.
● A large number of devotees assembled and paid obeisance at Jagannath temple.
● Gole Mela is organized twice every year.
● Devotees believe that from today the night time starts decreasing and day time
starts increasing day by day.
● Moreover, two ancient temples are dedicated to Lord Jagannatha across India.
● One is situated in Puri, Orissa and other in Udhampur District of Jammu and Kashmir.
About Jammu & Kashmir:
● Governor : Manoj Sinha
● Capital : Lucknow
● National Park : Dachigam National Park, Hemis National Park, Kazinag National Park,
Kishtwar National Park, Salim Ali National Park.
● Wildlife Sanctuary : Thajwas (Thajiwas) (Baltal) Wildlife Sanctuary, Changthang Cold Desert
Wildlife Sanctuary, Gulmarg Wildlife Sanctuary, Hirpora (Heerpora) Wildlife Sanctuary,
Hokersar Wildlife Sanctuary, Jasrota Wildlife Sanctuar, Karakoram (Nubra Shyok) Wildlife
Sanctuary.
Odisha Cabinet Approves New Scheme LABHA For Tribals
 Odisha Cabinet approved a new scheme for the development of the tribals of Odisha-LABHA (Laghu
bana jatya drabya kraya), officials stated.
.
 Briefing the media, Chief secretary Pradeep Kumar Jena stated the LABHA Yojana is a 100% state-
funded MSP for MFP scheme (minimum support price for minor forest produce).
 The minimum support price will be determined every year by the state government.
 Under the scheme, a primary collector (tribal)will be able to sell the minor forest produce at Minimum
Support Price collected at the procurement centres by TDCCOL.
 Since 99% of primary collectors are tribals and majority of them are women, LABHA Yojana will integrate
the efforts with the Mission Shaktis Women SHGs.
 These procurement centres will be managed by SHGs /any other notified agencies assisted by
TDCCOL.
 Upon collection, the amount will be transferred as DBT to the beneficiary account and the SHG /any
other agency will recieve Commission(2%) as well.
 The procurement automation system will capture the total collection of MFP and the details of the
primary collector and the procurement point.
 As per the 5T principles, Procurement Automation System which will be using technology to ensure
transparency will bring about greater benefits for the tribal people.
 For further sale, TDCCOL will do e- tendering and explore value addition and processing units.
 The State Government to further benefit the tribals of is setting up a 25-crore Tamarind processing plant
in Rayagada which will use the Minor Forest Produce of Tamarind procured through LABHA Yojana for
value-addition .
 Due to LABHA Yojana, possibility of distress sale of the produce to any middlemen will also be
eliminated.
 The State Government has also approved establishment of Commission for Preservation and Promotion
of Tribal Languages of Scheduled Tribes of Odisha.
 There are 21 tribal languages in Odisha which the state government wants to preserve, promote,
develop, disseminate and safeguard of the Tribal languages in Odisha through this Commission.
 This Commission which will encourage multilingual education, documenting and preserving tribal
languages, promoting the use of those languages, protecting linguistic rights among several enriching
activities for the development of the tribal languages.
 In the education system under the Multilingual Education (MLE) programme, all 21 recognized tribal
languages by the State are included.
.
 The Commission will also work towards inclusion of tribal languages like Ho, Mundari, Kui and Saora in
the 8th Schedule of the Indian Constitution by pursuing with the Centre which has been not including
these languages in the 8th Schedule of the Constitution despite several initiatives by the government.
 Unanimous Cabinet resolution was passed today reiterating the demand for inclusion of 169
communities in the ST list of Odisha.
 The cabinet today reiterated the inclusion of Ho, Mundari, Kui and Saora languages in the 8th Schedule
of the Indian Constitution.
Invest Goa 2024 summit was held on January 29
• The Invest Goa 2024 Summit which will feature 24 different speakers addressing potential key
sectors of the coastal state will begin on January 29, in Goa.
• The summit is a collaborative initiative by the Goa Industrial Development Corporation (Goa-IDC)
and the Confederation of Indian Industry (CII) bringing together industry leaders and key
stakeholders which promises to be a key platform for fostering dialogue and enhancing
investment prospects in the State of Goa.
• The spokesman of the summit stated that the distinguished line-up of speakers includes Suresh
Prabhu, Former Union Minister; R Dinesh, President-CII; Chandrajit Banerjee, Director General,
CII; Piruz Khambatta, Past Chairman, CII Western Region; and Swati Salgaocar Deputy
Chairperson-CII WR President
• The government has signed of MoU between TVS Industrial and Logistics Park and Goa
Investment Promotion and Facilitation Board, as well as Pai Kane Group and Goa Investment
Promotion and Facilitation Board.
Corning's Joint Venture in India Plans to Establish a ₹1,003-Crore Factory in Tamil Nadu for Gorilla
Glass Production
• Bharat Innovative Glass Technologies Private Limited, a joint venture firm between the US-based
gorilla glass maker Corning International Corporation and Indian telecommunications company
Optiemus Infracom, will be setting up a new factory near Chennai at an investment of ₹1,003 crore
.
to manufacture front-cover glass products, meant for smartphones and electronic products.
• The company has signed an agreement with the Tamil Nadu government for the proposed project,
indicating collaboration and support from the state.
• The manufacturing unit will be established at SICPOT-Pillaipakkam Industrial Estate in
Kancheepuram district, Tamil Nadu.
• The project is expected to create employment opportunities for 840 people, contributing to local
economic development.
• The project introduces precision glass-processing technology to India for the first time, showcasing
advancements in manufacturing techniques.
• Tamil Nadu (TN) has also emerged as the top electronics exporter in the country as it achieved
$5.37-billion exports in 2022-23, compared with $1.6-billion exports recorded in 2020-21.
• The Tamil Nadu government has introduced the "Tamil Nadu Semiconductor and Advanced
Electronics Policy 2024" to attract more investments and foster export growth in the electronics
sector.
About Tamil Nadu :

• Governor: R. N. Ravi
• Chief minister: M. K. Stalin
• Capital: Chennai
• Dance : Bharatnatyam, Karakattam
• National Park: Mudumalai National Park, Mukurthi National Park, Guindy National Park, Gulf of
Mannar Marine National Park
• Wildlife Sanctuaries: Kalakad Wildlife Sanctuary, Karikili Bird Sanctuary, Vedanthangal Bird
Sanctuary
• Tiger Reserve: Anamalai Tiger Reserve
• Biosphere Reserve : Agasthyamalai Biosphere Reserve
Chenab River successfully diverted, paving way for accelerated construction & timely commissioning of
Ratle Hydro Electric Project in Kishtwar
.
• A major milestone has been achieved at the 850 MW Ratle Hydro Electric Project in Jammu &
Kashmir, with the diversion of Chenab River through diversion tunnels at Drabshalla in Kishtwar
district.
• The river diversion is a critical step that enables the isolation of the dam area at the riverbed, paving
the way for the commencement of crucial activities such as excavation and dam construction.
• This development is expected to accelerate project construction, minimizing delays and supporting
the efforts to meet the scheduled commissioning date of May 2026.
• Ratle Hydroelectric Power Corporation Limited (RHPCL), a Joint Venture of NHPC Limited and the
Government of J&K with a shareholding ratio of 51:49 per cent, is overseeing the Ratle Project.
• This hydroelectric project, situated on the Chenab River in Kishtwar District, boasts an installed
capacity of 850 MW.
• The Cabinet Committee on Economic Affairs sanctioned the project in January 2021, allocating a
total cost of Rs. 5281.94 crores.
• New Delhi is supporting the Union Territory of Jammu and Kashmir with a grant of Rs. 776.44 crore
for JKSPDC’s equity contribution.
• NHPC will invest Rs. 808.14 crore from its internal resources.
• The Ratle Hydro Electric Project is expected to be commissioned in May 2026 contributing to grid
balancing and improving the power supply position.
• To enhance the project’s viability, the Government of the Union Territory of Jammu and Kashmir will
provide exemptions from water usage charges for 10 years post-commissioning.
• The implementation of the Ratle Hydro Electric Project is poised to create direct and indirect
employment for around 4000 individuals, contributing to the overall socio-economic development of
the Union Territory.
Furthermore, the Union Territory stands to benefit from free power worth Rs. 5289 crore and water
usage charges amounting to Rs. 9581 crore over the project’s 40-year life cycle.
Jaisalmer to Host Desert Festival 2024 from February 22 to 24
● The Desert Festival 2024 is scheduled to take place in Jaisalmer, Rajasthan, from February 22 to
24, with the theme "Back to the Desert."
● The festival will kick off with a procession starting from Lakshminath temple.
About the Festival :
.
● A notable focus for this year's festival is to provide ample space for local artists to showcase their
talents.
● Preparations for the event have commenced, marked by a meeting chaired by district collector
Pratap Singh.
● The meeting involved stakeholders such as citizens, hoteliers, tourism operators, and artists,
seeking their suggestions and involvement in the festival.
About Rajasthan :
● Governor : Kalraj Mishra
● Chief Minister : Bhajan Lal Sharma
● Capital : Jaipur
● National Park : Keoladeo National Park, Ranthambore National Park
● Wildlife Sanctuary : Bassi Wildlife Sanctuary, Kumbhalgarh Wildlife Sanctuary
Ayodhya Ram Mandir Inaugurated by Prime Minister Narendra Modi
• The Ram Janmabhoomi temple in Ayodhya will be opened to the general public from January 23.
• Thousands of devotees and pilgrims are expected to visit the grand temple daily for 'darshan' of
Lord Ram Lalla.
• The 'pran pratishtha' ceremony of the temple is taking place on January 22 in an event attended
by Prime Minister Narendra Modi and other VVIP guests.
• The Ram temple holds immense importance for millions of devotees and followers of Hinduism
who believe that it's situated at the birthplace of Lord Ram.
• he 51-inch tall Ram Lalla idol to be consecrated, has been crafted by Mysuru-based sculptor
Arun Yogiraj.
• The idol also contains carvings of all ten incarnations of Lord Vishnu, Hindu Gods like Lord
Hanuman and other major Hindu religious symbols.
• According to the website of the Shri Ram Janmabhoomi Teerth Kshetra, the 'darshan' of Lord
Ram Lalla can be done.
• The free passes for the "aarti" can be obtained offline and online.
• According to the website of Shri Ram Janmbhoomi Teerth Kshetra, offline passes can obtained
from the Camp Office at Shri Ram Janmbhoomi after producing a valid government ID proof.
.
• Seven-day rituals for the consecration ceremony began on January 16.

• On January 22, Lakshmi Kant Dixit, a priest from Varanasi, will perform the ‘Pran Pratishtha’
ceremony at 12.20pm.
• Governor : Anandiben Patel
• Chief Minister : Yogi Adityanath
• Capital : Lucknow
• National Park : Dudhwa National Park, National Chambal Sanctuary, Sariska National Park
• Wildlife Sanctuary : Bakhira Wildlife Sanctuary Bakhira Wildlife Sanctuary, Chandraprabha
Wildlife Sanctuary, Dr Bhimrao Ambedkar Bird wildlife Sanctuary, Hastinapur Wildlife
Sanctuary
BUSINESS NEWS
GST collections rise 10% to Rs 1.64 lakh crore in December
• The gross Goods and Services Tax, GST revenue collection in the month of December, 2023
stood at one lakh 64 thousand and 882 crore rupees.
• The revenue for December is 10.3 percent higher than the GST revenues in the same month last
year.
• The Finance Ministry in a statement said that out of the total GST revenue collected for the month,
Central Goods and Services Tax, CGST collection is 30 thousand 443 crore rupees, State Goods
and Services Tax, SGST is 37 thousand 935 crore rupees, Integrated Goods and Services Tax,
IGST is around 84 thousand 255 crore rupees and cess is 12 thousand 249 crore rupees.
• According to the Finance Ministry, the average monthly gross GST collection of 1.66 lakh crore
rupees were recorded in the first nine months of this fiscal year.
Uttar Pradesh investor base surpasses Gujarat to rank second with 89.47 lakh stock market investors
• The number of stock market investors in India has surged past the 8 crore milestone, registering a
remarkable growth of 22.4% from the figure recorded on December 31, 2022, as per data from the
National Stock Exchange (NSE).
• The total investor count as of December 25, 2023, stood at 8.49 crore from 6.94 crore on
December 31, 2022.
• The state of Maharashtra tops the list of highest number of registered investors at 1.48 crore.
• Uttar Pradesh has ascended to the second position, surpassing Gujarat, with 89.47 lakh investors.
.
• Gujarat was in the third position with 76.68 lakh registered investors.
• West Bengal, Karnataka, Tamil Nadu, and Rajasthan emerge as the leading states, each with an
investor base of more than 47 lakh registered individuals.
Record 8.18 crore Income Tax Returns filed so far in current financial year
● A record eight crore 18 lakh Income Tax Returns, ITRs were filed in the current financial year.
● This is nine per cent more than the total ITRs filed in the last fiscal.
● According to the Central Board of Direct Taxes, around 7.5 crore ITRs were filed last year during the
same period.
● To encourage taxpayers to file their ITRs and forms early, over 103 crore outreaches were made
through targeted e-mail, SMS and other creative campaigns.
● The e-filing Helpdesk team handled over 27 lakh queries from taxpayers to support the taxpayers
proactively during the peak filing periods.
Flipkart co-founder Binny Bansal launches e-commerce start-up OppDoor
● Flipkart co-founder Binny Bansal has launched new e-commerce start-up OppDoor, business-to-
business (B2B) platform.
● The software services platform says it will help emerging ecommerce brands expand globally.
● OppDoor, is a ‘managed services platform for global expansion’.
● OppDoor delivers fully managed Amazon services aimed at expanding private label brands across
multiple regions globally.
● The start-up is housed under a Singapore-registered entity which was earlier called Three State
Ventures but has now been named OppDoor.
● Bansal’s venture fund is also called Three State Ventures.
Windfall levy on domestically produced crude raised, lowered on export-bound diesel, Aviation Turbine
Fuel.
● The Finance Ministry has raised the Special Additional Excise Duty (SAED), better known as windfall
gain levy on domestically produced crude, to ₹2300 per tonne from ₹1300.
● However, such levy on export-bound diesel and jet fuel was reduced to NIL.
● To date, windfall levies on diesel and jet fuel (Aviation Turbine Fuel or ATF) were ₹0.50 and ₹1.
● All the changes are coming into effect from 1st January. Such a levy on export-bound petrol will
continue at NIL.
● This decision has been taken as crude prices saw some rise earlier.
● This will likely impact oil exploration companies such as ONGC and Oil India.
.
● Cutting the windfall levy on diesel and ATF for export will impact Reliance Industries and Rosneft-
backed Nayara Energy as primary fuel exporters.
● India first imposed windfall profit taxes on July 1, 2022, joining several nations that tax supernormal
profits of energy companies.
Ajio set to become Reliance Retail's first profitable online venture
• Reliance Retail's online fashion business, Ajio, is set to turn profitable this month, becoming the
first online venture of the country's largest retail group to achieve the mark.
• Ajio is expected to post '6-8 crore in earnings before interest, tax, depreciation and amortisation
(EBITDA) in December.
• Reliance had started Ajio in 2017.
• AJIO recently unveiled plans to invest in and boost the growth of 100 direct-to-customer fashion
startups, aiming to showcase their products on a new Direct-to-Consumer (D2C)-focused digital
platform called AJIOGRAM, hosted on the AJIO platform
Ola Electric first Indian EV maker to file for an IPO
• Ola Electric Mobility, the Bhavish Aggarwal-led electric vehicle company, filed papers with Sebi to
go public via an IPO that is estimated to be worth about Rs 10,000 crore.
• Ola Electric is the first EV company in India planning to go public.
• It would also be the first automobile company to go for IPO in over 20 years, since Maruti Suzuki
(then Maruti Udyog) went public in mid-2003.
IFSCA may allow Indian listed firms to launch QIP, tax sops for listing
• Listed Indian companies could be allowed to launch qualified institutional placement (QIP) of
shares through exchanges at International Financial Service Centres (IFSCs) using an abridged
prospectus, according to a working group report.
• The working group, comprising representatives from the market regulator, the IFSC Authority
(Ifsca), ministry officials, bankers, and exchange officials, submitted its report on direct listing in
IFSC exchanges last week.
• Earlier this month, Ifsca Chairperson K Rajaraman had indicated a timeline of April 2024 to
facilitate direct listing at the maiden IFSC, GIFT City in Gujarat.
• Sebi regulations mandate a 25 per cent minimum public shareholding.
• V Balasubramaniam, managing director and chief executive officer, NSE International Exchange
(IX), and a member of the working group.
Toy exports from India increased 239% over last 8 years
.
• According to a case study on “Success Story of Made in India Toys” released by the DPIIT, the
Indian Toy industry witnessed a rise of 239% in exports (and a decline in imports by 52%) in 2022-
23 as compared to 2014-15.
• Toys exports from India increased 239% from $96 million in 2014-15 to $326 million in 2022-23.
• Toys imports declined 52% from $332 million to $159 million in the same period.
• The study was conducted by IIM Lucknow on behalf of the Department for Promotion of Industry
and Internal Trade (DPIIT).
• It is likely that toy exports will increase to $3 billion by 2028.
• The Ministry of MSME is supporting 19 Toy clusters under the Scheme of Funds for the
Regeneration of Traditional Industries (SFURTI).
India's GDP may grow 7.3% in FY24: Govt's first advance estimates
• The National Statistical Office has released its second advance estimate for the Indian Economy.
• According to it, the Indian economy is expected to grow at 7.3% in the Financial Year 2023-24.
• The Indian Economy will grow by 7.3% in FY 2023-24 over the provisional growth rate of 7.2% in
the previous financial year.
• NSO’s report is based on the First Advance Estimates (FAE) of National Income for the financial
year 2023-24.
• In this report, NSO said that the construction sector has been estimated to have a growth rate of
10.7%.
India’s Retail Inflation 5.69 per cent in December 2023
• The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation
(MoSPI) is releasing the All India Consumer Price Index (CPI) on Base 2012=100 and
corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C)
for the month of December 2023 (Provisional).
• CPIs for Sub-Groups and Groups for both All India and all States/UTs are also being released.
India's Index of Industrial Production grows by 2.4 per cent in November 2023
• The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month
(or the previous working day if the 12th is a holiday) with a six weeks lag and compiled with data
received from source agencies, which in turn receive the data from the producing factories/
establishments.
.
• For the month of November 2023, the Quick Estimates of Index of Industrial Production (IIP) with
base 2011-12 stands at 141.0.
HFCL bags Rs 1,127 cr order to transform BSNL's Optical Transport Network
• HFCL Ltd (HFCL) has secured a Rs 1,127 crore order from Bharat Sanchar Nigam Ltd (BSNL)
aimed at transforming the Optical Transport Network (OTN) infrastructure across the state-owned
telco's pan India network.
• HFCL's comprehensive network upgrade will not only cater to the requirements of enterprise and
FTTH/broadband services but also position BSNL for the future with the seamless launch of 4G
services and the anticipation of 5G services in the coming years.
• HFCL has strategically partnered with the NOKIA Network to deploy state-of-the-art optical
technology.
Direct Tax Collections Surpass 17 Lakh Crore in Current Fiscal, Marking 17% Growth Over Last Year
• The Direct Tax collections have recorded over 17 lakh crore rupee in the current fiscal so far,
which is about 17 per cent higher than the gross collections for the same period last year.
• Finance Ministry said, this collection is over 80 percent of the total Budget estimates of Direct
Taxes for 2023-24.
• The growth rate for Corporate Income Tax is 8.32 percent and Personal Income Tax is over 26
percent.
Ola founder’s Krutrim becomes India’s first AI unicorn

• Krutrim, an AI startup founded by Ola founder Bhavish Aggarwal, stated it has raised a funding
round that values it at $1 billion.
• The startup, founded last year, is the fastest to become a unicorn in India, it claimed in a press
statement.
• It’s also the first Indian AI startup to become a unicorn, it stated.
• Matrix Partners India — which has also backed Aggarwal’s other two startups, ride-hailing platform
Ola and EV startup Ola Electric — led the $50 million “first round” in Krutrim.
• TechCrunch reported last year that Aggarwal was in talks to raise $50 million for his new AI
venture.
• Krutrim, which means “artificial” in Sanskrit, is building a large language model that has been
trained on local Indian languages in addition to English.
.
• The startup plans to launch a voice-enabled conversational AI assistant that understands and
speaks multiple Indian languages, the startup stated
BANKING AND ECONOMY

RBI Reports Indian Banks Achieve Decadal High in Asset Quality Improvement
• The Reserve Bank of India (RBI) released a report titled ‘Trend and Progress of Banking in India’.
• As per the report, the Indian scheduled commercial banks (SCBs) Gross Non-Performing Assets
(GNPA) ratio improved in the second quarter of this financial year.
• According to the report, the consolidated balance sheet of SCBs grew by 12.2% in 2022–23.
• The improvement in asset quality is measured by GNPA ratios.
• The capital to risk weighted assets ratio (CRAR) of SCBs was 16.8 per cent at end-September
2023, with all bank groups meeting the regulatory minimum requirement and the common equity
tier 1 (CET1) ratio requirement.
RBI Prolongs Payments Infrastructure Development Fund Scheme By 2 Years Till December 2025
• The Reserve Bank of India (RBI) announced its decision to extend the Payments Infrastructure
Development Fund (PIDF) for two years up to December 31, 2025.
• The Scheme was operationalized by the RBI in 2021 for three years (extendable up to 2 years) to
encourage deployment of payment acceptance infrastructure in India.
• It includes physical Point of Sale (PoS) terminals, Quick Response (QR) codes, in tier-3 to tier-6
centers, North Eastern states and Union Territories (UTs) of Jammu &
Kashmir and Ladakh.
• Purpose: To strengthen the payment acceptance infra by including 30 lakh touch points, which
includes 10 lakh physical and 20 lakh digital payment devices every year.
About RBI :
• Established : 1 April 1935
• Headquarters : Mumbai, Maharashtra, India
• Governor : Shaktikanta Das
• Deputy Governors : Swaminathan Janakiraman, Michael Patra, M. Rajeshwar Rao, T Rabi Sankar
RBI Grants Extension for the Implementation of Penalty Charge Norms on Loan Accounts
.
• The Reserve Bank of India (RBI) has decided to extend the timeline for implementation of
guidelines for lenders on penal charges in loan accounts by three months.
• In August,2023 the RBI had issued fresh guidelines for lenders on penal charges in loan accounts
to ensure that penal interest/ charges is not used as a revenue enhancement tool by them, over
and above the contracted rate of interest.
• The central bank’s instructions were supposed to come into effect from January 1, 2024.
• Accordingly, REs shall ensure that the instructions are implemented in respect of all the fresh loans
availed from April 1, 2024 onwards.
RBI Designates SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs)
• State Bank of India (SBI) and HDFC Bank, both domestic systemically important banks (D-SIBs),
will be required to set aside higher capital for the loans they make with effect from April 1, 2025, in
the backdrop of their balance sheets growing bigger.
• The central bank has prescribed higher additional Common Equity Tier (CET) 1 requirement for
SBI (bucket 3 to bucket 4 ) and HDFC Bank (bucket 1 to bucket 2) at 0.80 per cent (against 0.60
per cent up to March-end 2025) and 0.40 per cent (0.20 per cent), respectively, as a percentage of
their Risk Weighted Assets (RWAs).
• For ICICI Bank, the additional CET 1 requirement continues at 0.20%.
• SBI, HDFC Bank and ICICI Bank continue to be identified as D-SIBs.
• Within the CRAR (capital to risk-weighted assets ratio) of 11.5% for banks, the CET-1 is at 5.5%.
RBI plans to introduce a new category of money changers
• In a move aimed at enhancing the ease of doing business and adapting to the evolving economic
landscape, the Reserve Bank of India (RBI) has proposed the introduction of a new category of
money changers.
• This new category, known as Forex Correspondents (FxCs), would operate through an agency
model, conducting money-changing business on behalf of Category-I and Category-II Authorised
Dealers.
• The existing framework involves the issuance of licences to authorised dealers, which are banks
authorised to engage in foreign exchange transactions and full-fledged money changers.
• The proposed category of Forex Correspondents seeks to streamline and simplify the licensing
framework for Authorised Persons (APs) under the Foreign Exchange Management Act, 1999
(FEMA).
.
About RBI :
• Deputy Governors : Swaminathan Janakiraman, Michael Patra, M. Rajeshwar Rao, T Rabi
Sankar
White-Label ATM Expansion Propels 3.5% Growth in Total ATMs for 2022-23
• During 2022-23, the total number of Automated Teller Machines (ATMs) (on-site and off-site)
grew by 3.5%, primarily driven by an increase in the number of white-label.
• Among the ATMs operated by SCBs at end-March 2023, the share of PSBs and PVBs was 63%
and 35%, respectively, according to the Reserve Bank of India's Trends and Progress in Banking
report.
• Public Sector Banks (PSBs) continue to dominate the ATM landscape, with a notable increase
from 75,653 in 2022 to 78,777 in 2023 for on-site ATMs.
• The total number of PSB ATMs, combining on-site and off-site, stands at 1,38,423, highlighting
their crucial role in providing widespread banking access.
Indian Overseas Bank Introduces Savings Account Portability online scheme

• Public sector bank Indian Overseas Bank (IOB) has introduced ‘Savings Account Portability
Online’, a scheme that is aimed at offering an easier savings account portability process for
customers who move to different locations.
• For individuals, who have to shift from one location to another due to career shifts, educational
pursuits, or various life transitions, the new scheme will help avoid the cumbersome process of
relocating bank accounts.
• With the new online scheme, customers don’t have to fill out those endless forms and wait for
days and weeks for the account transfer to materialise.
• To initiate an account transfer, customers need to log in to the IOB website (www.iob.in) and
access the ‘Transfer of Savings Accounts’ section.
About IOB :
• Founded : 10 February 1937
• Headquarters : Chennai, Tamil Nadu
• Managing Director & CEO : Ajay Kumar Srivastava
.
Karnataka Bank facilitates direct tax payments for customers

• Customers of Karnataka Bank can make direct tax payments through two channels - by visiting
any branch of the bank or utilizing the internet banking services.
• Karnataka Bank has enhanced its service portfolio by enabling users to pay various direct taxes,
including income taxes and advance taxes.
• Online Payment for Indirect Taxes : In addition to direct taxes, Karnataka Bank had already been
facilitating online payments for goods and services taxes, as well as customs duties.
• Both the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and
Customs (CBIC) have given their approval for Karnataka Bank to collect both direct and indirect
taxes.
About Karnataka Bank :
• Founded : 18 February 1924
• Headquarters : Mangalore, Karnataka
• MD & CEO : Srikrishnan Hari Hara Sarma
• Tagline : Your Family Bank Across India
• Karnataka Bank is a Scheduled Commercial Bank.
RBI permits ICICI Pru Mutual Fund to acquire 9.95% stake in Karur Vysya Bank
• Karur Vysya Bank (KVB) announces that the Reserve Bank of India (RBI) has given approval to
ICICI Prudential Asset Management Company Ltd (ICICI AMC) for acquiring an aggregate
holding of up to 9.95% of the paid-up share capital or voting rights of The Karur Vysya Bank Ltd.
• The approval is in reference to the application submitted by ICICI AMC to the RBI.
• The approval granted by the RBI is subject to compliance with relevant provisions of the Banking
Regulation Act, 1949.
• It also adheres to RBI's Master Direction and Guidelines on Acquisition and Holding of Shares or
Voting Rights in Banking Companies dated January 16, 2023.
About KVB :
• Founded : 1916
• Headquarters : Karur, Tamil Nadu, India.
• MD & CEO : Mr. Ramesh Babu
• Karur Vysya Bank is a Scheduled Commercial Bank
.
RBI permits ICICI Pru Mutual Fund to acquire 10% stake in Federal, RBL Bank
• Federal Bank stated that the Reserve Bank of India (RBI) has accorded approval to ICICI
Prudential Asset Management Company Limited (ICICI AMC) for acquiring up to 9.95 per cent
stake in the bank.
• The approval granted by the Reserve Bank of India (RBI) is subject to the compliance with the
relevant provisions of the Banking Regulation Act, 1949, RBI's Master Direction and Guidelines on
Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023.
• Meanwhile, RBI also accorded approval to ICICI AMC to acquire 9.95 per cent stake in RBL Bank
and Equitas Small Finance Bank.
About Federal Bank :
• Headquarters : Aluva, Kochi, Kerala, India
• MD & CEO : Shyam Srinivasan
About RBL Bank :
• Founded : August 1943
• MD & CEO : R. Subramania kumar
About Equitas Small Finance Bank :
• Founded : 2007
• Headquarters : Chennai, Tamil Nadu
• MD & CEO : Vasudevan P N
RBI Directs Banks to Conduct Annual Review of Accounts Inoperative for Over a Year
● The Reserve Bank of India (RBI) has asked banks to annually review accounts that have not
seen customer-induced transactions for over a year, and term deposit accounts where there is no
explicit renewal mandate and the funds have not been withdrawn after maturity.
● Penalty Waiver for Inoperative Accounts : It also barred banks from levying penal charges for
non-maintenance of minimum balance in any account classified as inoperative or for activation of
inoperative accounts.
● The instructions are part of fresh guidelines for inoperative accounts and unclaimed deposits to
reduce the quantum of unclaimed deposits and frauds and improve grievance redressal.
About RBI :
.
● Established : 1 April 1935

● Headquarters : Mumbai, Maharashtra, India
● Governor : Shaktikanta Das
● Deputy Governors : Swaminathan Janakiraman, Michael Patra, M. Rajeshwar Rao, T Rabi
Sankar
Small Finance Banks Launch "Small Banks: Empowering Big Dreams" Initiative
● While each small finance bank (SFB) has a different tagline to capture customers’ attention, they
will also have a common one-“Small Banks: Empowering Big Dreams” to highlight the success of
their business model to all stakeholders.
● Uma Shankar Paliwal, CEO, Association of Small Finance Banks of India (ASFBI), observed that
over the last 7 years, SFBs have given a good account of themselves, fulfilling the purpose, of
meeting the financial needs of the marginalised sections of society for which they were allowed to
be set up by RBI.
● As of March-end 2023, high-cost term deposits constituted about 68 per cent of SFBs’ total
deposits of ₹1,91,372 crore.
● The balance of 32 per cent were CASA deposits.
● In its latest “Report on Trend and Progress of Banking in India”, RBI noted that SFBs serve a
critical role in delivering credit to under-banked segments.
RBI Broadens Coverage of Card-on-file Tokenization to Include Banks Issuing Debit Cards
● In order to make digital payments more secure, safe and sound the Reserve Bank of India (RBI)
has now enabled card-on-file tokenization (CoFT) through card-issuing banks and institutions.
● Tokenization refers to the replacement of actual credit and debit card details with an alternate
code called the “token”.
● It is a combination of card, token requestor and device.
● The card detail when stored with a merchant is known as card-on-file (CoF).
● This token is a randomly generated string of characters that has no intrinsic value and is
meaningless outside of the context of a specific transaction.
● The token is used as a surrogate for the actual card details, making it more secure to store and
transmit.
Muthoot FinCorp Secures ₹200 Crore through Private Placement of NCDs from SBI
.
● Muthoot FinCorp, the flagship company of Muthoot Pappachan Group (Muthoot Blue), has
announced ₹200 crore investment by State Bank of India (SBI) in the non-convertible debentures
(NCDs) under private placement with a face value of ₹1 lakh for each NCD.
● The maturity/tenure options of this issue is 5 years with half yearly being the frequency of the
interest payment.
● The secured issued NCDs is rated as AA-/stable by CRISIL and listed on the debt market
segment of BSE.
● CEO of Muthoot FinCorp : Shaji Varghese
RBI Increases Bulk Deposit Limit for Large Urban Cooperative Banks 6.66 Times to ₹1 Crore and
Above
● The Reserve Bank of India (RBI) has decided to increase the bulk deposit limit for large urban
co-operative banks (UCBs).
● The earlier limit was ₹15 lakh and above.
● The new bulk deposit limit is ₹1 crore and above.
● Applicability to Tier 3 and Tier 4 UCBs : The new bulk deposit limit of ₹1 crore and above is
applicable to UCBs in Tier 3 (with deposits more than ₹1,000 crore and up to ₹10,000 crore)
category.
● It is also applicable to UCBs in Tier 4 (with deposits more than ₹10,000 crore) category.
● Exception for Other UCBs : According to RBI, all other UCBs (other than scheduled UCBs in
Tiers 3 and 4) will continue to have a bulk deposit limit as “single rupee term deposits of ₹15 lakh
and above.”
● Earlier, customers could negotiate the rate of interest since a deposit of ₹15 lakh and above was
taken as a bulk deposit by all UCBs till now.
Reserve Bank of India plans to tighten dividend declaration criteria for banks
• The Reserve Bank of India (RBI) has proposed new rules of dividend payout for domestic and
overseas banks operating in India.
• The proposed rules for dividend payout by banks will be effective from the fiscal year 2024-25
onwards.
• The RBI has invited public feedback on the proposed rules, and the deadline for submission is 31
January 2024.
.
• Dividend Declaration Criteria : Banks with an NNPA (Net Non-Performing Asset) ratio exceeding
6% and a Capital Adequacy Ratio (CAR) below 11.5% are prohibited from declaring dividends.
About RBI :
India's FY24 GDP Growth Expected to Surpass Earlier Projection of 6.5% - Finance Ministry
• According to the Finance Ministry, India’s FY24 Gross Domestic Product (GDP) growth rate is
expected to exceed its earlier forecast of 6.5%.
• The GDP growth rate is expected to comfortably exceed the Finance Ministry’s earlier forecast
after Q2 GDP growth performance at 7.6%.
• India’s GDP already grew 7.7% in the first half of this fiscal.
• Union Budget 2023-24 had mentioned a nominal GDP of 10.5% for current fiscal.
• According to JP Morgan, India is expected to become the world's 3rd largest economy by 2027.
• It expects the Indian economy to hit $7 trillion by 2030.
RBI Implements Measures to Safeguard Individual Investors from Losses in Case of Issuer Default on
Short-Term Financial Instruments
• The Reserve Bank of India (RBI) has taken this step to make sure that individual investors’ losses
are minimised if issuers default on short-term financial instruments.
• These Directions shall come into force with effect from April 01, 2024.
• Individual Investor Limits : Individual investors' investment in short-term Commercial Papers (CPs)
and Non-Convertible Debentures (NCDs) is now capped at 25% of the issue size.
• Previously, there were no specific limits for individual investors' investments in such instruments.
About RBI :
Paytm Enters Partnership with Ayodhya Nagar Nigam to Facilitate Mobile Payments Across the City
.
• One97 Communications which owns the brand Paytm signed a memorandum of understanding
(MoU) with Ayodhya Nagar Nigam, to enable Nagar Nigam facilities with mobile payments using
Paytm pioneered QR code, Soundbox and card machines.
• This is aimed at providing seamless mobile payment services during the inauguration of the Ram
Mandir in the city.
• With this, the company will enable mobile payments at various departments in collaboration with
Ayodhya Nagar Nigam.
About Paytm :
• Founded : August 2010
• Headquarters : Noida, Uttar Pradesh, India
• Founder & CEO : Vijay Shekhar Sharma
Finance Ministry Greenlights an Additional Rs 1,500 Crore for FAME-II Scheme

• The Union Finance Ministry has approved an additional Rs 1,500 crore for the second phase of the
Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) program.
• The decision to allocate additional funds was made to address concerns that the existing budget
might be exhausted before the scheme concludes in March 2024, given the robust sales of electric
vehicles (EVs).
• Proposal Approval : A proposal to increase the FAME-II outlay from Rs 10,000 crore to Rs 11,500
crore was approved by the department of expenditure (DoE) on January 2, 2024.
• Utilization of Funds : Until December 26, the government had utilized Rs 8,948 crore of the Rs
10,000 crore allocated funds under the FAME-II scheme.
About Ministry of Finance :
• Cabinet Minister : Nirmala Sitharaman
• Minister of State : Bhagwat Karad, Pankaj Choudhary
RBI gives clarity to 'politically exposed persons' term to meet FATF norms
• The Reserve Bank of India (RBI) updated Know Your Customer (KYC) norms for politically
exposed persons (PEPs) who transact with regulated entities (REs), seeking to comply with the
recommendations of the Financial Action Task Force (FATF)
• In the amended KYC master direction, the central bank defines PEPs as individuals who have
held or are currently entrusted with prominent public functions by a foreign country.
.
• This includes heads of states/governments, senior politicians, senior government or judicial or

military officers, senior executives of state-owned corporations, and important political party
officials
• Establishing Relationship with PEPs : Regulated entities (REs) have the option to establish
relationships with PEPs, either as customers or beneficial owners.
About FATF :
• Established : 1989
• Headquarters: Paris, France
• FATF is an inter-governmental policy-making and standard-setting body dedicated to combating
money laundering and terrorist financing
• In 2001 its mandate expanded to include terrorism financing.
• FATF members include 39 countries, including the United States, India, China, Saudi Arabia,
Britain, Germany, France, and the EU as such.
• India became a member of FATF in 2010.
• FATF has 2 types of lists:
• Black List: Countries known as Non-Cooperative Countries or Territories (NCCTs) are put on the
blacklist.
• These countries support terror funding and money laundering.
• Three countries North Korea, Iran, and Myanmar are currently on FATF’s blacklist.
• Grey List: Countries that are considered a safe haven for supporting terror funding and money
laundering are put on the FATF grey list.
• This inclusion serves as a warning to the country that it may enter the blacklist.
About RBI :
• Deputy governors : Mahesh Kumar Jain,M. Rajeshwar Rao, Michael Patra and T. Rabi Shankar.
LIC Plans to Acquire Up to 10% Equity Stake in NHB-Promoted 'RMBS' Entity
• Insurance behemoth Life Insurance Corporation of India (LIC) is planning to acquire up to 10
percent equity stake in a company promoted by the National Housing Bank (NHB).
.
• According to a regulatory filing by LIC with the stock exchanges., the Board of Directors of LIC on
Monday gave their approval to the proposal to invest in the NHB promoted entity that would focus
on residential mortgage-backed securities (RMBS).
• RMBS are basically debt-based assets backed by the interest paid on residential loans.
• RMBS are bonds which are secured against a large pool of residential mortgages (home loans).
About National Housing Bank :
• Headquarters : New Delhi, Delhi
• Managing Director : Sarada Kumar Hota
• NHB supervises HFCs, while regulation of HFCs is with the RBI.
• National Housing Bank (NHB), is the apex regulatory body for overall regulation and licensing of
housing finance companies in India.
• It is under the jurisdiction of the Ministry of Finance , Government of India.
• It was set up on 9 July 1988 under the National Housing Bank Act, 1987.
• NHB RESIDEX: It is the country’s first official housing price index (HPI).
• It captures movements in the prices of residential real estate prices.
About LIC :
• Headquarters : Mumbai, Maharashtra
• Chairman : Siddharth Mohanty
• Current MDs : Ipe Mini, M Jagannath, Tablesh Panday, Sat Pal Bhanoo
Mutual Fund Assets in India Exceed Rs 50 Trillion Mark for the First Time, Reaching Rs 50.77 Trillion in
December 2023 - Amfi Data
• India’s mutual fund assets crossed the Rs 50-trillion mark for the first time in December 2023,
hitting RS 50.77 trillion, data from the Association of Mutual Funds in India (Amfi) showed
• Inflows into systematic investment plans (SIPs) touched another new high of RS 17,611 crore in
December, 2023. The number of SIP accounts also hit a high of 76.36 million.
• Small-cap funds accounted for most of the investments for the 15th straight month at 38.57 billion
rupees, more than one-fifth of the overall equity mutual fund inflows.
About Association of Mutual Funds in India :
• Founded : 22 August 1995
.
• CEO : Chalasani Venkat Nageswar

• Chairman : Navneet Munot
Fino Payments Bank applies for SFB license after board's agreement
• During the quarter ended December 31, 2023, the Reserve Bank of India has received one
application under the Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private
Sector dated December 05, 2019 from Fino Payments Bank Limited.
• Conversion Guidelines for Payments Banks : According to the guidelines, payments banks were
allowed to apply for a conversion into SFB post five years of operations along with meeting other
guidelines mandated by the RBI.
• Minimum Capital Requirements : The bank must also have a minimum paid-up voting equity
capital or net worth of Rs 200 crore.
About SFBs :
• Small Finance Banks (SFBs) are specialised banks that are licensed by Reserve Bank of India
(RBI) to provide financial services and products to low-income individuals and underserved
communities, including microfinance and micro-enterprise services, as well as other basic
banking services.
• The small finance bank shall be registered as a public limited company under the Companies
Act, 2013.
• They are required to maintain a minimum Capital to Risk-Weighted Assets Ratio (CRAR) of 15%.
• They are required to extend 75% of their Adjusted Net Bank Credit to Priority Sector Lending.
• SFBs are required to open at least 25% of their total branches in unbanked rural areas.
• The minimum paid-up voting equity capital for small finance banks shall be Rs.200 crore.
• SFBs are required to maintain at least 50% of their loan portfolio as microfinance and advances
of up to Rs. 25,00,000.
About Fino Payments Bank :
• Headquarters : Navi Mumbai, Maharashtra
• MD & CEO : Rishi Gupta
Bank of Baroda’s e-Bank Guarantee issuance for trade finance crosses 1,000 mark
• Bank of Baroda (BoB) has crossed the milestone of issuing 1,000 electronic Bank Guarantees (e-
BGs) for trade finance on the National E-Governance Services Ltd (NeSL) platform within eight
months of the launch of e-BGs.
.
• e-BG replaces the traditional paper-based process for trade finance and results in substantial
reduction in the turnaround time in issuing a BG, while at the same time bringing in enhanced
security, transparency, and accessibility.
• In an e-BG, physical stamping is replaced with e-stamping by NeSL.
About National E-Governance Services Ltd :
• MD & CEO : Debajyoti Ray Chaudhuri
• NeSL is India’s first Information Utility and is registered with the Insolvency and Bankruptcy
Board of India under the aegis of the Insolvency and Bankruptcy Code, 2016.
• It offers a platform for the issuance of inland BGs through electronic mode.
About BoB :
• Established : 20 July 1908
• Headquarters : Vadodara, Gujarat, India
• MD & CEO : Debadatta Chand
• Tagline : India's International Bank
Narayana Health gets IRDAI nod to launch health insurance business

• Narayana Health has received approval from the Insurance Regulatory and Development
Authority of India (IRDAI) to venture into the health insurance business in India.
• The company operates one of the largest hospital chains, known by the brand name Narayana
Hospital.
• With this approval, the count of Standalone Health Insurance Companies (SAHI) will increase
from 5 to 6.
• This marks the fifth registration granted by IRDAI in approximately one year, encompassing Life,
Non-life, and Health segments.
About IRDAI :
• Headquarters : Hyderabad, Telangana
• Chairman : Debasish Panda
• The IRDAI is a statutory body under the jurisdiction of the Ministry of Finance (MoF) ,Government
of India (GoI) and is tasked with regulating and licensing the insurance and reinsurance
industries in India.
.
SEBI Modifies Framework for Online Bond Platform Providers to Enhance Ease of Doing Business
• The Securities and Exchange Board of India (SEBI) has made adjustments to the regulatory
framework for Online Bond Platform Providers (OBPPs) to improve the ease of doing business.
• SEBI made these changes in response to representations from stock exchanges and market
participants, including online bond platforms.
Key Highlights :
• Modifications in Framework : Under this, the regulator has modified the framework pertaining to
the issue of order receipt, deal sheet and quote receipt in case of products, securities or services.
• Electronic Order Receipt : On placement of an order by an investor, SEBI Stated that OBPPs will
have to issue without delay an electronic order receipt which includes the date and time of the
order, details of counter-parties involved, quantity and amount proposed to be transacted.
• Products Offered by OBPPs : An entity serving as an Online Bond Platform Provider can offer
specific products, securities, or services on its platform. These include :
• Listed debt securities, municipal debt securities, and securitized debt instruments.
• Debt securities, municipal debt securities, and securitized debt instruments proposed to be listed
through a public offering.
• Listed Government Securities, State Development Loans, and Treasury Bills.
• Listed Sovereign Gold Bonds.
• Other products, securities, or services regulated by financial sector regulators such as SEBI, RBI,
IRDAI, or PFRDA.
• Registration Requirement : OBPPs must register themselves as stockbrokers in the debt
segment of the stock exchange under the new rules.
• Role of OBPPs : Online Bond Platform Providers serve as a channel for investors, especially
non-institutional investors, to access the bond market.
About SEBI :
• Established : 12 April 1988 as an executive body and was given statutory powers on 30 January
1992 through the SEBI Act, 1992
• Chairman : Madhabi Puri Buch (first woman to lead the SEBI)
• SEBI is the regulatory body for securities and commodity markets in India under the ownership of
the Ministry of Finance (MoF), GoI.
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SEBI Relaxes Guidelines for Settlement of Running Accounts

• The Securities and Exchange Board of India (SEBI) has relaxed guidelines for the settlement of
running accounts of clients' funds or securities held with stockbrokers.
• Stockbrokers are now allowed to settle the running account of clients' funds on the first Friday or
Saturday of each quarter or month.
• The new framework will be applicable from the quarterly settlement of January-March 2024 and
monthly settlement of January 2024, the Securities and Exchange Board of India (SEBI).
Implementation of New Alternate Investment Funds Regulations Mandates Compulsory Custodian
Appointments and Dematerialization of Investments
• Capital market regulator, the Securities and Exchange Board of India (SEBI) Board’s November
2023 decision to extend the requirement of mandatory appointment of custodians has become
effective.
• Extension of Custodian Requirement : In November 2023, mandatory appointment of custodians
by Alternate Investment Funds (AIFs) was extended to schemes with corpus less than or equal to
₹500 crore.
• Previous Norms : Till now, this mandatory Custodian appointment norm applied to Category III
AIFs and to Category I and II AIFs with corpus more than ₹500 crore.
• It now extends to all AIFs.
About SEBI :
• Established : 12 April 1988 as an executive body and was given statutory powers on 30 January
1992 through the SEBI Act, 1992
• Chairman : Madhabi Puri Buch (first woman to lead the SEBI)
• SEBI is the regulatory body for securities and commodity markets in India under the ownership of
the Ministry of Finance (MoF), GoI.
Tata Pay Secures Payment Aggregator License from RBI
• The Reserve Bank of India (RBI) has granted a payment aggregator (PA) licence to Tata
Payments, Tata group’s digital payments app.
• Tata Payments, held through Tata Digital, aims to facilitate e-commerce transactions through its
platform.
• Tata Payments operates under Tata Digital, the subsidiary entity of the Tata Group dedicated to its
digital businesses.
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• Industry Players : Tata Pay joins other prominent players like Razorpay, Cashfree, and Google
Pay in obtaining the coveted payment aggregator license.
• Transaction Management : With the PA license, Tata can manage and power all e-commerce
transactions within its subsidiary entities, leading to more efficient fund management.
RBI Introduces Stricter Regulations for Short-Term Commercial Papers and Non-Convertible
Debentures
• The Reserve Bank of India (RBI) has tightened rules for the issuance of short term Commercial
Papers (CPs) and Non-Convertible Debentures (NCDs), with an initial maturity of up to one year.
• The new norms are effective from April 1, 2024, and include six key changes.
• Commercial Paper (CP): An unsecured money market instrument issued in the form of a
promissory note.
• Non-Convertible Debentures (NCDs): A secured money market instrument with an original or initial
maturity up to one year.
About RBI :
• Deputy governors : Swaminathan Janakiraman, M. Rajeshwar Rao, Michael Patra and T. Rabi
Shankar
AIIB to Spearhead INR 2,500 Crore Funding in Mahindra-OTPP's Green Infrastructure Investment Trust
(InvIT)
• Sustainable Energy Infra Trust, a renewable energy infrastructure investment trust (InvIT) backed
by Mahindra group, is raising Rs 2,500 crore in a round led by Asian Infrastructure Investment
Bank (AIIB) with participation from domestic institutional investors (DIIs).
• The funding, spearheaded by AIIB, signifies a significant step towards financing green initiatives
and sustainable urban development.
About AIIB :
• Founded : 16 January 2016,
• Headquarters: Beijing, China
• President : Jin Liqun
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• Membership : 109 member states

• The Asian Infrastructure Investment Bank is a multilateral development bank and international
financial institution that aims to collectively improve economic and social outcomes in Asia.
• It is the world's second largest multi-lateral development institution.
LEO1 and NSDL Payments Bank introduce a prepaid identification card for students and educational
institutions
• Edu-fintech startup LEO1, in collaboration with NSDL Payments Bank and with MasterCard as
network partner, launched India’s first numberless Prepaid ID card for students and educational
institutions.
• As per the fintech startup the prepaid student card is designed with an aim to provide educational
institutes and students with a streamlined and cost-effective payment solution
• The prepaid card will help digitise the financial ecosystem in educational institutes across India and
create cash-free campuses.
About LEO1 :
• Founder & Managing Director : Rohit Gajbhiye
India's forex reserves rise to the highest level in 21 months

• India's foreign exchange (forex) reserves have reached the highest level in the last 21 months.
• Foreign exchange (forex) reserves increased $2.759 billion to $623.20 billion in the week ended
December 29, 2023.
• The rise in reserves was primarily attributed to increases in Foreign Currency Assets (FCA) and
gold holdings.
• Foreign currency assets (FCA) saw an increase of $1.869 billion, while gold holdings increased
by $853 million during the specified week.
United States International Development Finance Corporation and India’s National Infrastructure
Investment Fund Collaborate to Establish $1 Billion Fund for Financing Renewable Energy Projects
● The United States International Development Finance Corporation (USIDFC) and India’s
National Infrastructure Investment Fund (NIIF) are “working on the possibility of creating a
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fund” that would invest in renewable energy and green projects in India.
● The idea is to create a fund with the USIDFC and NIIF bringing in $500 million each and
getting more from other investors.
● NIIF is a “collaborative investment platform” for international and Indian investors, anchored by
the Government of India, which manages funds with investments in different asset classes
and diversified sectors that generate attractive risk-adjusted returns.
● NIIF manages over $44.9 billion of equity capital commitments across its 4 funds – Master
Fund, Private Markets Fund, Strategic Opportunities Fund, and India-Japan Fund.
● USIDFC has an exposure of $4 billion in India, which is 10 percent of its global exposure.
About National Investment and Infrastructure Fund (NIIF) :
● NIIF is India’s first sovereign wealth fund set up by the Government of India in 2015.
● It is an investor-owned fund manager, anchored by the Government of India (GoI) in
collaboration with leading global and domestic institutional investors.
● NIIF’s mandate includes investing in areas such as energy, transportation, housing, water,
waste management and other infrastructure-related sectors in India.
Functioning :
● It is being operationalized by establishing three Alternative Investment Funds (AIFs) under
the SEBI Regulations.
● The proposed corpus of NIIF is 40,000 Crores funded 49% from Government of India.
● Rest from strategic anchor partners (Overseas sovereign/quasi-sovereign/multilateral/bilateral
investors).
NIIF and Three Funds :
● NIIF currently manages three funds each with its distinctive investment mandate.
1. Master Fund: A fund focused on creating scalable sectoral platforms in core infrastructure and
in collaboration with strong and reputed operating and financial partners.
2. Fund of Funds: A fund focused on anchoring and investing incredible and reputed third-party
managers with a strong track record across diversified sectors within infrastructure services
and allied sectors.
3. Strategic Investment Fund: A fund focused on investing in strategic assets and projects with
longer-term horizons across various stages of development.
About USIDFC :
● Founded : December 20, 2019
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● Headquarters : Washington, D.C, United States of America

● CEO : Scott Nathan
● The USIDFC is a development finance institution and agency of the United States federal
government.
Direct Tax Collections at ₹14.70 Lakh Crore Reach 81% of Budget Estimates for FY24
● Net direct tax collections have reached approximately 81% of the Budget Estimate during the
period from April 1 to January 10 in the current fiscal year.
Key Highlights :
● The current trend suggests that direct tax collections may surpass the Budget target by an
estimated ₹80,000-90,000 crore.
● The Budget target for direct tax collections in the current fiscal year is ₹18.23 lakh crore.
● Corporate income tax (CIT) and personal income tax (PIT) are included in Direct Taxes.
● According to the Central Board of Direct Taxes (CBDT), direct tax collection, net of
refunds, stands at ₹14.70-lakh crore.
● This collection is 19.4% more than the net collections for the corresponding period of last year.
Definition of Direct Tax :
● A direct tax is a tax that a person or organization pays directly to the entity that imposed it.
● Examples include income tax, real property tax, personal property tax, and taxes on assets, all
of which are paid by an individual taxpayer directly to the government.
World Bank keeps India’s FY25 GDP growth estimate unchanged at 6.4%
● The World Bank has maintained its economic growth projection for India in the fiscal year
2024-25 at 6.4 percent.
Key Highlights :
● Basis of Unchanged Projection : The unchanged projection is attributed to factors such as
strong domestic demand, increased public infrastructure spending, and robust growth in
private-sector credit.
● Concerns about Private Consumption Growth : The World Bank anticipates a potential
tapering off in private consumption growth for India.
● This is attributed to factors like high food inflation and diminishing pent-up demand.
● India’s Growth Rate Ranking : In its biannual ‘Global Economic Prospects’ report, the World
Bank said India was likely to maintain the fastest growth rate among the world’s largest
economies, but its post-pandemic recovery was expected to slow, with estimated growth of
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6.3 per cent in FY24, before recovering gradually to 6.5 per cent in FY26.
● World Economy Growth Forecast : The Washington-based organisation forecast that the
world economy will expand 2.4 per cent this year.
● Non-Inclusion of NSO’s First Advance Estimates : The World Bank’s forecast for India does
not take into account the National Statistical Office’s (NSO) first advance estimates.NSO’s
estimates had projected a higher growth rate of 7.3 percent for India in FY24.
● Comparison with RBI’s Estimate : The NSO’s projection is higher than the Reserve Bank of
India’s (RBI) estimate of 7 percent, assuming an investment-led recovery.
About World Bank :
● Established : July 7, 1944
● Headquarters : Washington, D.C., United States
● President : Ajay Banga
● The World Bank is an international financial institution that provides loans and grants to the
governments of low- and middle-income countries for the purpose of pursuing capital projects.
Reserve Bank of India imposes monetary penalty on Punjab and Sind Bank
● The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1 crore on Punjab and
Sind Bank for non-compliance with certain directions issued by RBI on ‘Loans and Advances –
Statutory and Other Restrictions’.
● This penalty has been imposed in the exercise of powers vested in RBI conferred under the
provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 51(1) of the Banking
Regulation Act, 1949.
● This action is based on deficiencies in regulatory compliance and is not intended to pronounce
upon the validity of any transaction or agreement entered into by the bank with its customers.
● The Statutory Inspection for Supervisory Evaluation (lSE 2022) of the bank was conducted by
RBI with reference to its financial position as of March 31, 2022.
About Punjab & Sind Bank :
● Founded : 24 June 1908
● Headquarters : New Delhi.
● MD & CEO : Swarup Kumar Saha
Karnataka Bank Collaborates with Clix Capital on Co-Lending Partnership via Yubi Platform
● Karnataka Bank, a leading private sector bank, and Clix Capital, one of India’s fastest-
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growing new-age NBFCs, have entered into a digital co-lending partnership through the Yubi
Co.lend Platform.
What is a Co-Lending Partnership?
● A Co-Lending Partnership, also known as co-lending or co-origination, refers to a collaborative
arrangement between two financial institutions, typically a bank and a non-banking financial
company (NBFC) or another lending institution.
● In this partnership, both entities join forces to extend loans to borrowers, sharing the risks and
rewards associated with the lending process.
Key Highlights :
● Focus on MSME Sector: The collaboration is specifically targeted at providing loans to
the Indian Micro, Small, and Medium Enterprises (MSME) sector, a significant contributor to
India’s GDP and employment growth.
● Compliance with RBI Guidelines: The agreement aligns with the guidelines set by the Reserve
Bank of India (RBI) on co-lending by banks and Non-Banking Financial Companies (NBFCs)
to priority sectors, emphasizing the commitment to regulatory compliance.
● Utilization of Strengths: The partnership leverages Karnataka Bank’s advantages, including
low-cost funds and end-to-end digital capabilities, coupled with Clix Capital’s robust lending
technology platform and effective due diligence processes.
● Seamless Financing Solutions: The overarching goal of the collaboration is to offer seamless
financing solutions in a digital manner, combining the strengths of both partners.
● This includes providing convenient and cost-effective credit facilities to the MSME segment.
● Digital Approach: The partnership emphasizes an end-to-end digital approach to streamline
the lending process, reflecting a commitment to modern technology for financial solutions.
● Mutual Benefit: By drawing upon each other’s strengths, both Karnataka Bank and Clix Capital
aim to serve the unserved segments effectively, contributing to financial inclusion.
About Karnataka Bank :
● Founded : 18 February 1924
● Headquarters : Mangalore, Karnataka, India
● MD & CEO : Srikrishnan Hari Hara Sarma
● Tagline : Your Family Bank Across India
About Clix Capital :
● CEO : Rakesh Kaul
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Dhanlaxmi Bank Limited faces ₹120.47 Lakh Monetary Penalty from Reserve Bank of India for
Violations in Loans, Know Your Customer and Deposit Interest Rate Regulations
● The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹120.47 lakh on
Dhanlaxmi Bank Ltd.for non-compliance with certain directions issued by RBI on ‘Loans and
Advances – Statutory and Other Restrictions’, ‘Reserve Bank of lndia (Know Your Customer
(KYC)) Directions, 2016’ and ‘Reserve Bank of lndia (Interest Rate on Deposits) Directions,
2016’.
● This penalty has been imposed in exercise of powers vested in RBI conferred under the
provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.
● This action is based on the deficiencies in regulatory compliance and is not intended to
pronounce upon the validity of any transaction or agreement entered into by the bank with its
customers.
About Dhanlaxmi Bank Ltd :
● Founded : 14 November 1927
● Headquarters : Thrissur, Kerala
● MD & CEO : J. K. Shivan
ESAF Small Finance Bank Limited Slapped with ₹29.55 Lakh Monetary Penalty by Reserve Bank of
India for Violating Customer Service Regulations
● The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹29.55 Lakh on ESAF
Small Finance Bank Limited for non-compliance with the directions issued by RBI
on ‘Customer Service in Banks’.
● This penalty has been imposed in exercise of powers vested in RBI under the provisions of
Section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949.
● This action is based on the deficiencies in regulatory compliance and is not intended to
pronounce upon the validity of any transaction or agreement entered into by the bank with its
customers.
About ESAF Small Finance Bank :
● Founded : 10 March 2017
● Headquarters : Thrissur, Kerala.
● MD & CEO : K. Paul Thomas
Karnataka Bank and Digivriddhi collaborate to provide financial services to dairy farmers and milk
societies
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● Karnataka Bank has partnered with fintech company Digivriddhi (DGV) to offer financial
services catering to the needs of dairy farmers and milk societies.
● The services will be made available at village dairy co-operative societies associated with milk
unions of Karnataka Milk Federation (KMF).
● To begin with, the services are now made available to milk societies associated
with Chamarajnagar Milk Union.
Key Highlights :
● This partnership with DGV will provide seamless and innovative end-to-end digital product
offerings to the dairy farmers and provide access to institutional credit, while easing and
digitizing payments across the dairy value chain.”
● ‘DGV Pay’ product simplifies the payments value chain for dairy farmers and micro-enterprises
helping with their basic banking needs, including opening of bank accounts.
● ‘DGV Money’ product is built with a unique underwriting mechanism that facilitates digital
working capital and bovine loans to farmers
About Digivriddhi :
● Established : 2019
● Headquarters : Bangalore, Ka
● MD & CEO : Ragavan Venkatesan
● DGV is India’s first integrated dairy fintech and marketplace platform.
State Bank of India and Rural Development Ministry Collaborate to Streamline Loan Access for Self-
Help Groups
● The Rural Development Ministry and State Bank of India (SBI) signed a memorandum of
understanding (MoU) to facilitate enterprise financing for rural self-help groups (SHG).
● The MoU was signed by Additional Secretary Deendayal Antyodaya Yojana – National Rural
Livelihoods Mission, Charanjit Singh and Chief General Manager, State Bank of India,
Corporate office Mumbai, Shantanu Pendsey.
Key Highlights :
● Specialized Financial Product – Svyam Siddha: State Bank of India introduced a specialised
financial product Svyam Siddha, exclusively tailored for SHG women entrepreneurs seeking
loans up to Rs 5 lakhs.
● This initiative is designed to alleviate the challenges associated with extensive documentation
requirements for bank loan applications and reduce the turnaround time (TAT).
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● Simplified Application Process : It does away with the requirement of burdensome documents
like quotations and detailed project reports (DPRs), allowing an easy application process
where a simple loan application with KYC details can be submitted at local SBI bank
branches.
● Facilitation by DAY-NRLM: The Deendayal Antyodaya Yojana – National Rural Livelihoods
Mission (DAY-NRLM) will facilitate the loan application process and supervise loan repayment
through its dedicated field cadre.
● Training Toolkit Package Launch: A training toolkit package was launched to promote formal
finance access for SHG women entrepreneurs.
● Developed in collaboration with the International Finance Corporation (IFC) under the World
Bank-funded National Rural Economic Transformation Project (NRETP), the toolkit aims to
enhance State Rural Livelihoods Missions’ capacities for facilitating increased access to
formal finance by SHG members.
About SBI :
● Established : 1 July 1955
● Chairman : Dinesh Kumar Khara
● CFO : Kameshwar Rao Kodavanti
About Ministry of Rural Development :
● Union Minister : Giriraj Singh
● Minister of State : Sadhvi Niranjan Jyoti, Faggan Singh Kulaste
ICICI Prudential Life Insurance Launches ICICI Pru Guaranteed Pension Plan Flexi Featuring ‘Benefit
Enhancer
● ICICI Prudential Life Insurance has launched ICICI Prudential Guaranteed Pension Plan Flexi
with Benefit Enhancer.
Key Highlights :
● Innovative Annuity Plan with Premium Refund Option : This product is being billed as
the industry’s first annuity plan that provides customers with the option to receive a 100%
refund of premiums paid at any time starting from the date of purchase.
● Loan Facility for Financial Flexibility : The plan includes a loan facility to assist customers in
managing unexpected financial obligations, allowing them to stay invested in the product and
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continue working towards their retirement planning goals.

● Alignment with IRDAI Regulations : The product is designed in accordance with proposed
IRDAI regulations, emphasizing fair and appropriate surrender values, especially in cases of
early policy exits.
● Importance of Retirement Planning : Retirement planning is an essential objective, and
unforeseen financial emergencies can jeopardise this goal.
● To assist customers in overcoming unexpected financial obligations, the product offers a loan
facility.
● This allows customers to stay invested in the product and work towards achieving their
retirement planning objectives.
● Importance of Retirement Planning : Retirement planning is an essential objective, and
unforeseen financial emergencies can jeopardise this goal.
● To assist customers in overcoming unexpected financial obligations, the product offers a loan
facility.
● This allows customers to stay invested in the product and work towards achieving their
retirement planning objectives.
● Regulatory Compliance : Notably, this product aligns with the forthcoming regulations, which
seek to guarantee that customers are provided with a fair and suitable surrender value,
especially when opting for an early exit from the policy.
About ICICI Prudential Life Insurance :
● Founded : 2000
● Headquarters : Mumbai, Maharashtra
● MD & CEO : Anup Bagchi
● Established as a joint venture between ICICI Bank Limited and Prudential Corporation
Holdings Limited, ICICI Prudential Life is engaged in life insurance and asset management
business.
● In 2016, the company became the first insurance company in India to be listed in
the domestic stock exchanges.
● Established as a joint venture between ICICI Bank Limited and Prudential Corporation
Holdings Limited, ICICI Prudential Life is engaged in life insurance and asset management
business.
● In 2016, the company became the first insurance company in India to be listed in
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the domestic stock exchanges.

SEBI Renews Recognition for AMC Repo Clearing for 1 Year to Facilitate Transaction Clearing
● Capital markets regulator Securities and Exchange Board of India (SEBI) has renewed its
recognition for AMC Repo Clearing Limited as a clearing corporation for one year, allowing it
to clear and settle transactions in repo and reverse repo in debt securities.
● The renewal period granted by SEBI is from January 17, 2024, to January 16, 2025.
Key Highlights :
● Clearing Corporation Activities : Under the rules, AMC Repo Clearing Ltd will not undertake
any activity except that of clearing and settling of transactions in repo and reverse repo in the
debt securities that are dealt with or traded on a recognised stock exchange.
● SEBI’s Previous Recognition Grant : Earlier, the SEBI granted recognition to such clearing
corporations in January, 2022.
● Introduction of Limited Purpose Clearing Corporation (LPCC) : In October 2020, SEBI
introduced the concept of a Limited Purpose Clearing Corporation (LPCC) for the clearing and
settlement of repo transactions in debt securities.
● Guidelines for Mutual Fund Participation : In February 2021, SEBI issued guidelines
specifying that asset management companies (AMCs) are required to contribute Rs 150
crore as share capital for the establishment of LPCC by mutual funds.
● Objective of LPCC : The decision to allow the mutual fund industry to establish LPCC aimed at
assisting funds in handling redemption pressures and facilitating the settlement of transactions
in the corporate bond market.
About SEBI :
● Established: 12 April 1988 as an executive body and was given statutory powers on 30
January 1992 through the SEBI Act, 1992
● Headquarters: Mumbai, Maharashtra
● Chairman: Madhabi Puri Buch
● SEBI is the regulatory body for securities and commodity markets in India under the
ownership of the Ministry of Finance, Government of India.
RBI Plans Stricter Regulations for Housing Finance Companies Accepting Deposits
● The Reserve Bank of India (RBI) has proposed a phased transition to tighten
regulations for housing finance companies (HFCs), aligning them more closely with non-
banking financial companies (NBFCs).
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Key Highlights :
● Uniform Prudential Parameters : The aforementioned prescriptions are part of RBI’s plan to
move HFCs (accepting or holding public deposits) towards the regulatory regime on deposit
acceptance as applicable to deposit-taking non-banking finance companies (NBFCs) and
specify uniform prudential parameters.
● Increase in Liquid Assets Requirement : As per the draft circular, deposit-taking HFCs are
required to raise their total liquid assets, including unencumbered approved securities, to 15%
of public deposits by the end of March 2025, up from the current 13%.
● Reduction in Public Deposit Ceiling : The ceiling on the quantum of public deposits held by
deposit taking HFCs, which comply with all prudential norms and minimum investment grade
credit rating, will stand reduced from three times to 1.5 times of net owned funds, per the draft
circular.
● Restrictions on Excess Deposits : HFCs holding deposits beyond the revised limit cannot
accept new public deposits or renew existing ones until the quantum of public deposits is
below the revised limit.
● Existing excess deposits can run off till maturity.
● Shortened Deposit Tenure : The longest time period for which HFCs can accept deposits will
be cut to 60 months from the current 120 months.
● Existing deposits with maturities above 60 months can be repaid as per their existing
repayment profile.
● Existing deposits with maturities above 60 months can be repaid as per their existing
repayment profile.
● The minimum period for which HFCs can accept deposits continues at 12 months.
● Asset Cover and Credit Rating Requirements : Deposit-taking housing finance companies
(HFCs) may have to ensure that full asset cover is available for public deposits accepted by
them at all times and obtain minimum investment grade credit rating at least once a year.
About NBFC Operational Requirements :
● An NBFC is required to open a Constituent’s Subsidiary General Ledger (CSGL) account with
a scheduled commercial bank, or the Stock Holding Corporation of India Ltd. (SHCIL) or a
dematerialized account with a depository through a depository participant.
● The NBFC has to keep the unencumbered approved securities required to be maintained by it
in such a CSGL account or dematerialised account.
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● Further, the NBFC has to designate one of the scheduled commercial banks, in the place
where the registered office of the non-banking financial company is situated, as its designated
banker, entrusting, in physical form, to the bank or SHCIL the unencumbered term deposits
and such unencumbered approved securities which have not been dematerialised.
About RBI :
● Governor : Shaktikanta Das
LIC Overtakes SBI in Market Valuation, Emerges as the Most Valuable Public Sector Undertaking
(PSU) Firm
● Life Insurance Corporation of India (LIC) has surpassed State Bank of India (SBI) to become
the most valued public sector undertaking (PSU) firm in India by market valuation.
Key Highlights :
● Stock Performance : LIC’s shares experienced a 3% surge, reaching a 52-week high of Rs
919.45 on the BSE during intra-day trade.
● However, the stock later declined by 0.63%, closing at Rs 886.90.
● The stock of SBI fell by 1.67 per cent to Rs 626.15 apiece.
● Market Capitalization Comparison : The market capitalization of LIC stood at Rs 5,60,964.05
crore, which is Rs 2,149.47 crore more than SBI’s Rs 5,58,814.58 crore valuation.
● LIC currently holds the 9th position among the top ten most valued firms.
● Reliance Industries is the country’s most valued firm with a market valuation of Rs
18,42,160.54 crore followed by TCS (Rs 14,21,230.44 crore), HDFC Bank (Rs 11,66,888.98
crore), ICICI Bank (Rs 6,87,740.99 crore), Infosys (Rs 6,80,631.89 crore), Bharti Airtel (Rs
6,10,389.59 crore), Hindustan Unilever (Rs 6,02,388.21 crore), ITC (Rs 5,82,423.61 crore),
LIC (Rs 5,60,964.05 crore) and SBI (Rs 5,58,814.58 crore).
● Listing Details : The country’s largest insurer was listed in May 2022.
● The government had sold over 22.13 crore shares, or a 3.5 per cent stake in LIC, through an
Initial Public Offering (IPO).
● The government holds 96.5 per cent stake in the company.
● Share Performance Since Listing : LIC shares were listed at Rs 875.25 apiece on May 17,
2022, compared to the IPO price of Rs 949.
● Currently, the stock is only 6.21% away from its IPO price.
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● Government Stake in LIC : The government holds a 96.5% stake in the Life Insurance
Corporation (LIC).
About LIC :
● Chairman : Siddharth Mohanty
● Current MDs : Ipe Mini, M Jagannath, Tablesh Panday, Sat Pal Bhanoo
Life Insurance Corporation of India introduces Jeevan Dhara II deferred annuity plan
● Insurance behemoth Life Insurance Corporation of India (LIC) has launched a new non-
participating product, Jeevan Dhara-II.
About Jeevan Dhara-II
● Guaranteed Annuity and Multiple Options : Under the plan, annuity is guaranteed from
inception and as many as 11 annuity options will be available.
● Age-related Annuity Rates and Life Cover : There are higher annuity rates at higher ages and
life cover will be available during the deferment period.
● Eligibility Criteria : The minimum age at entry is 20 years (last birthday) for an
annuitant/primary/secondary annuitant.
● The maximum age is 80, 70, and 65 years minus the deferment period, depending upon the
annuity option chosen.
● Incentives and Additional Features : Incentives include an increase in the annuity rate for high
premium/purchase price and online sales.
● Additional features comprise a top-up annuity and the option to receive a lump-sum amount in
exchange for a reduction in annuity payments.
LIC Jeevan Dhara II Plan Options :
● The plan offers both regular premium and single premium options.
● Annuity choices include single life annuity and joint-life annuity.
● Deferment periods range from 1 year to 15 years (for single premium) and 5 years to 15 years
(for regular premium).
● Mode of annuity payments (yearly, half-yearly, quarterly and monthly).
● Once selected, an annuity option cannot be changed.
About LIC :
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● Chairman : Siddharth Mohanty
DBS Bank India Partners with StartupTN to Promote Entrepreneurship in Tamil Nadu
● DBS Bank India has announced a partnership with StartupTN, the nodal agency of the Tamil
Nadu government in fostering innovation and promoting entrepreneurship throughout the
State.
● Aim : To strengthen the ecosystem and drive innovation within the State by providing crucial
support to startups, including knowledge sharing through various forums and facilitating
connections with potential investors.
Key Highlights :
● Impact on Startups : The partnership will impact and engage more than 1,000 Startups in
Tamil Nadu through StartupTN’s eight regional hubs in metros, as well as Tier 2 & Tier 3
cities.
● Networking Opportunities : As part of this collaboration, new-age companies associated with
StartupTN will have an opportunity to connect with DBS Bank India’s network of over 30
accelerators, incubators and ecosystem enablers so that they can gain from being part of a
larger entrepreneurial community.
● Current Status of StartupTN : Currently, StartupTN empowers over 7,400 start ups
registered with the Department for Promotion of Industry and Internal Trade, Government of
India, across 30 sectors with strong growth expectations as the State of Tamil Nadu is aiming
to encourage the creation of more than 10,000 new startups by 2026.
● StartupTN Mission Director and Chief Executive Officer (CEO) : Sivarajah Ramanathan
About DBS Bank India Limited :
● MD & CEO : Surojit Shome
● Tagline :Live More Bank Less
Reserve Bank of India Aligns Urban Cooperative Banks (UCBs) Eligibility Criteria in the Second
Schedule of RBI Act with Revised Regulatory Framework
● The Reserve Bank of India (RBI) has revised the eligibility criteria for the inclusion of urban
cooperative banks (UCBs) in the second schedule of the Reserve Bank of India Act, 1934.
.
● This decision has been taken by the central bank in order to bring urban cooperative banks
under the ambit of the revised regulatory framework.
Key Highlights :
● Capital Requirement for Inclusion : Urban cooperative banks with a minimum Capital to Risk
Weighted Asset Ratio (CRAR) of 3% will be considered for inclusion in the second schedule.
● Additional Criteria – Regulatory and Supervisory Compliance : Apart from that, urban
cooperative banks should also not have major regulatory and supervisory concerns in order to
be eligible for inclusion.
● Eligibility for Licensed Tier 3 and Tier 4 UCBs : Licensed tier 3 and tier 4 primary (urban) co-
operative banks, that are financially sound and well managed, would be eligible, provided they
have adhered to maintenance of minimum deposits required for categorisation as a tier 3
urban co-operative bank for two consecutive years.
What is meant by Urban Co-operative Banks (UCBs)?
● The term Urban Co-operative Banks (UCBs), though not formally defined, refers to primary
cooperative banks located in urban and semi-urban areas.
● These banks, till 1996, were allowed to lend money only for non-agricultural purposes.
● They essentially lend to small borrowers and businesses.
AWARDS AND HONOUR

Chaudhary Charan Singh Haryana Agricultural University's Vice Chancellor Prof B R Kamboj honoured
with M S Swaminathan Award
• Chaudhary Charan Singh Haryana Agricultural University's Vice Chancellor Prof. B.R. Kamboj has
been honoured with the prestigious M.S. Swaminathan Award in recognition of his contributions as
a scientist and extension specialist in the field of agronomy.
• Thawar Chand Gehlot, the Governor of Karnataka, presented him with this award.
• The award ceremony took place at the International Conference on 'One Health One World,' held
at Rajmata Vijayaraje Scindia Agricultural University at Gwalior in Madhya Pradesh.
Ministry of Youth Affairs & Sports announced ‘Rashtriya Khel Protsahan Puruskar’ 2023
• The Ministry of Youth Affairs and Sports announced Rashtriya Khel Protsahan Puruskar 2023.
• Odisha Mining Corporate Limited has been awarded in the category of Encouragement to Sports
through Corporate Social Responsibility.
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• Jain Deemed to be University, Bengaluru has been awarded for identifying and nurturing budding
and young talent.
• The awardees will receive their awards from President Droupadi Murmu at a specially organised
function at Rashtrapati Bhavan on the 9th of this month.
• Rashtriya Khel Protsahan Puruskar is given to corporate entities, Sports Control Boards, NGOs,
including sports bodies at the State and National level, who have played a visible role in the area
of sports promotion and development.
President Awards Sheetal Devi Arjuna Award for Sporting AchievementsX
• India’s best-performing athletes were conferred with the national sports awards by President
Droupadi Murmu in a regal ceremony at Rashtrapati Bhawan where para archer and sports bigwig,
Sheetal Devi from Jammu and Kashmir was also conferred with Arjuna Award.
• Sheetal Devi along with 26 athletes and para-athletes were conferred with the Arjuna Awards in a
colorful ceremony at Rashtrapati Bhawan.
• Sheetal Devi belongs to a remote hamlet Lohi Dhar of mountainous Kishtwar district of Jammu
division.
• Sheetal Devi who won two gold medals in the Hangzhou Asian Games, is the first international
para archer without upper limbs due to a rare condition called Phocomelia.
Former President Kovind to Award Diplomas at IIMC's 55th Convocation
• Former President Ram Nath Kovind will confer Post Graduate Diploma degrees at the 55th
Convocation ceremony of the Indian Institute of Mass Communication (IIMC) in New Delhi.
• The diplomas will be given to students from the 2021-22 and 2022-23 batches from all the six
centres of the Institute.
• A total of sixty-five students will also be awarded different medals for outstanding performances.
• The IIMC is one of India's leading institutions that offers education in the field of media and
communication in nine different courses in six centres across the country.
REC has been awarded the ICAI Award for Excellence in Financial Reporting for the fiscal year 2022-
23.
● REC Limited, a Maharatna Public Sector Unit and a leading NBFC under the Ministry of
Power, has been awarded ‘Plaque’ under the ‘Financial Services Sector (Other than Banking
and Insurance)’ category at the ICAI Awards for Excellence in Financial Reporting for the
financial year 2022-23.
.
● This is the only award bestowed by the ICAI under this category and the selection has been
made based on the company’s accounting practices, disclosure policies, presentation of
financial statements, other information contained in the Annual Report and degree of
compliance with Indian Accounting Standards, Statutory guidelines and Regulations.
● Director (Finance), REC, Shri Ajoy Choudhury; Executive Director (Finance), REC, Shri
Sanjay Kumar; and HoD (Finance), REC, Shri Jatin Kumar Nayak received the award from
Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai, at a ceremony held in Raipur.
● Cabinet Ministers of Chhattisgarh, Shri Brij Mohan Agrawal and Shri O. P. Choudhary was
also present, along with ICAI President CA Aniket Sunil Talati, Vice President CA Ranjeet
Kumar Agarwal, Research Committee Chairman & Vice Chairman and the ICAI Council
Members.
● Shri Ajoy Choudhury expressed gratitude for the recognition and highlighted the dedication of
REC Limited’s team in maintaining top-notch financial practices.
● Recently, REC was recognized for its exceptional performance in risk management and
bestowed with the ‘Golden Peacock Award’ by the Institute of Directors (IOD).
● Additionally, the company was conferred the ‘Best Central PSU’ Award in the Financial
Services category at the Dun & Bradstreet PSU Awards 2023.
● The Institute of Chartered Accountants of India through its Research Committee has been
organizing the ICAI Awards for Excellence in Financial Reporting since the year 1958, to
recognize and encourage excellence in the preparation and presentation of financial as well
as non-financial information in annual reports by entities across various sectors.
About REC Limited
● REC Limited is an NBFC focusing on Power Sector Financing and Development across India.
Established in 1969, REC Limited has completed over fifty years of operations.
● It provides financial assistance to state electricity boards, state governments, central and state
power utilities, independent power producers, rural electric cooperatives and private sector
utilities.
Recent News
● In Dec 2023, REC has recently diversified into financing infrastructure and logistics sector as
well. The Loan Book of REC stands at Rs. 4.74 Lakh Crore, ending the first quarter of the
current financial year.
REC has been awarded the SCOPE Excellence Award for Digitalization.
.
● REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a
leading NBFC, has been honored with the prestigious Scope Excellence Award in the
category of Special Institutional Category (Digitalization).
● The award acknowledges REC Limited’s unwavering commitment to the digitalization of its
workplace and the promotion of best practices in establishing a paperless office.
● The award was presented by the Vice President of India, Shri Jagdeep Dhankhar, at a
ceremony held at Vigyan Bhawan in New Delhi.
● Director (Finance), Shri Ajoy Choudhury and Executive Director (BDM), Shri Saurabh Rastogi
of REC Limited graciously accepted the award from the Vice President of India at the
ceremony.
● This accomplishment underscores REC Limited’s dedication to embracing technological
advancements and fostering a culture of innovation within the organization.
About SCOPE
● SCOPE was established in 1973 as an apex body of Public Sector Enterprises (PSEs), and is
dedicated to promoting competitiveness and excellence within the PSE sector.
● The SCOPE Excellence Award recognizes and commemorates exemplary performances of
Public Sector Enterprises.
About REC Limited:
● REC is a ‘Maharatna’ CPSE under the Ministry of Power, and is registered with RBI as Non-
Banking Finance Company (NBFC), and Infrastructure Financing Company (IFC). REC
finances the entire Power-Infrastructure sector comprising Generation, Transmission,
Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage,
Pumped Storage projects, Green Hydrogen and Green Ammonia projects.
Delhi and Bengaluru jointly clinch ‘Best Airport’ award
● Bangalore and Delhi airports jointly won the Best Airport award.
● Both airports jointly won the award at the 4th edition of “Wings India Awards” in the Civil
Aviation Sector.
● Union Civil Aviation Minister Jyotiraditya M Scindia presented the Wings India Awards 2024 at
an event organized in Hyderabad.
Winners List
● Vistara won the Best Airline of the Year award.
● Air India has been recognised for International Connectivity.
.
● Alliance Air has been recognized for Regional Connectivity.

● Air India Express was declared a Sustainability Champion.
● GMR Group has been honoured as the Best Aviation Service Provider.
● Skyways Air Services has been honoured for cargo services.
● Indian Oil Skytanking Pvt. Ltd has been honoured for Fuel Services and GMR has been
honoured for Aero Academy.
The tableau presented by the Ministry of Culture has won the first prize at the Republic Day Parade of
2024.
• The tableau of the Ministry of Culture has secured the first prize at the Republic Day Parade 2024.
• The tableau, a stunning blend of tradition and innovation, captivated audience s with its masterful
use of the anamorphic technique alongside a rich display of Bharat's cultural heritage - often hailed
as the mother of democracy.
• The Ministry of Culture in a statement said that it takes immense pride in this achievement,
showcasing its commitment to preserving and celebrating the diverse tapestry of India.
• The Ministry added that this victory is not just a recognition of the creativity but a testament to the
richness of Bharat's cultural legacy.
Padma Awards 2024: India's second-highest civilian honour
• The Union government released the list of winners of the Padma Awards 2024, the nation's
second-highest civilian honour.
• The prestigious awards, conferred by the Government of India, recognize exceptional
contributions in various fields.
• These awards are given in three categories: Padma Vibhushan (for exceptional and
distinguished service), Padma Bhushan (distinguished service of higher order) and Padma Shri
(distinguished service).
• The award seeks to recognize achievements in all fields of activities or disciplines where an
element of public service is involved.
• These awards are conferred on the recommendations made by the Padma Awards Committee,
.
which is constituted by the Prime Minister every year.

Padma Awardees:
• This year the government decided to honour 5 distinguished individuals with Padma Vibhushan,
17 with Padma Bhushan, and 110 with Padma Shri awards ( total 132) for their exceptional
contributions in various fields.
Padma Vibhushan:
1. Ms. Vyjayantimala Bali: Art | Tamil Nadu
2. Shri Konidela Chiranjeevi: Art | Andhra Pradesh
3. Shri M Venkaiah Naidu: Public Affairs | Andhra Pradesh
4. Shri Bindeshwar Pathak (Posthumous): Social Work | Bihar
5. Ms. Padma Subrahmanyam : Art | Tamil Nadu
Padma Bhushan:
1. Ms. M Fathima Beevi (Posthumous): Public Affairs | Kerala
2. Shri Hormusji N Cama: Literature & Education - Journalism | Maharashtra
3. Shri Mithun Chakraborty: Art | West Bengal
4. Shri Sitaram Jindal: Trade & Industry | Karnataka
5. Shri Young Liu: Trade & Industry | Taiwan
6. Shri Ashwin Balachand Mehta: Medicine | Maharashtra
7. Shri Satyabrata Mookherjee: Public Affairs | West Bengal
8. Shri Ram: Public Affairs | Maharashtra
9. Shri Tejas Madhusudan Patel: Medicine | Gujarat
10. Shri Olanchery Rajagopal: Public Affairs | Kerala
11. Shri Dattatray Ambadas Mayaloo alias Rajdutt: Art | Maharashtra
12. Shri Togdan Rinpoche (Posthumous): Others-Spiritualism | Ladakh
13. Shri Pyarelal Sharma: Art| Maharashtra
14. Shri Chandreshwar Prasad Thakur: Medicine | Bihar
15. Ms. Usha Uthup: Art| West Bengal
16. Shri Vijaykanth (Posthumous): Art | Tamil Nadu
17. Shri Kundan Vyas: Literature & Education - Journalism | Maharashtra
Padma Shri:
.
SN Name Field
1. Shri Khalil Ahamad Art
2. Shri Badrappan M Art
3. Shri Kaluram Bamaniya Art
4. Ms. Rezwana Choudhury Bannya Art
5. Ms. Naseem Bano Art
6. Shri Ramlal Bareth Art
7. Ms. Gita Roy Barman Art
8. Ms. Parbati Baruah Social Work
9. Shri Sarbeswar Basumatary Others - Agriculture
10. Shri Som Datt Battu Art
11. Ms. Takdira Begum Art
12. Shri Sathyanarayana Beleri Others - Agriculture
13. Shri Drona Bhuyan Art
14. Shri Ashok Kumar Biswas Art
15. Shri Rohan Machanda Bopanna Sports
16. Ms. Smriti Rekha Chakma Art
17. Shri Narayan Chakraborty Science & Engineering
18. Shri A Velu Ananda Chari Art
19. Shri Ram Chet Chaudhary Science & Engineering

.
SN Name Field
20. Ms. K Chellammal Others - Agriculture
21. Ms. Joshna Chinappa Sports
22. Ms. Charlotte Chopin Others - Yoga
23. Shri Raghuveer Choudhary Literature & Education
24. Shri Joe D Cruz Literature & Education
25. Shri Ghulam Nabi Dar Art
26. Shri Chitta Ranjan Debbarma Others - Spiritualism
27. Shri Uday Vishwanath Deshpande Sports
28. Ms. Prema Dhanraj Medicine
29. Shri Radha Krishan Dhiman Medicine
30. Shri Manohar Krishana Dole Medicine
31. Shri Pierre Sylvain Filliozat Literature & Education
32. Shri Mahabir Singh Guddu Art
33. Ms. Anupama Hoskere Art
34. Shri Yazdi Maneksha Italia Medicine
35. Shri Rajaram Jain Literature & Education
36. Shri Jankilal Art
37. Shri Ratan Kahar Art
38. Shri Yashwant Singh Kathoch Literature & Education

.
SN Name Field
39. Shri Zahir I Kazi Literature & Education
40. Shri Gaurav Khanna Sports
41. Shri Surendra Kishore Literature & Education -

Journalism
42. Shri Dasari Kondappa Art
43. Shri Sridhar Makam Krishnamurthy Literature & Education
44. Ms. Yanung Jamoh Lego Others - Agriculture
45. Shri Jordan Lepcha Art
46. Shri Satendra Singh Lohia Sports
47. Shri Binod Maharana Art
48. Ms. Purnima Mahato Sports
49. Ms. Uma Maheshwari D Art
50. Shri Dukhu Majhi Social Work
51. Shri Ram Kumar Mallick Art
52. Shri Hemchand Manjhi Medicine
53. Shri Chandrashekhar Mahadeorao Meshram Medicine
54. Shri Surendra Mohan Mishra Art

(Posthumous)
55. Shri Ali Mohammed & Shri Ghani Mohammed* Art

(Duo)
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SN Name Field
56. Ms. Kalpana Morparia Trade & Industry
57. Ms. Chami Murmu Social Work
58. Shri Sasindran Muthuvel Public Affairs
59. Ms. G Nachiyar Medicine
60. Ms. Kiran Nadar Art
61. Shri Pakaravur Chithran Namboodiripad Literature & Education

(Posthumous)
62. Shri Narayanan E P Art
63. Shri Shailesh Nayak Science & Engineering
64. Shri Harish Nayak Literature & Education

(Posthumous)
65. Shri Fred Negrit Literature & Education
66. Shri Hari Om Science & Engineering
67. Shri Bhagabat Padhan Art
68. Shri Sanatan Rudra Pal Art
69. Shri Shankar Baba Pundlikrao Papalkar Social Work
70. Shri Radhe Shyam Pareek Medicine
71. Shri Dayal Mavjibhai Parmar Medicine
72. Shri Binod Kumar Pasayat Art

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SN Name Field
73. Ms. Silbi Passah Art
74. Ms. Shanti Devi Paswan & Shri Shivan Paswan* Art
(Duo)
75. Shri Sanjay Anant Patil Others - Agriculture
76. Shri Muni Narayana Prasad Literature & Education
77. Shri K S Rajanna Social Work
78. Shri Chandrashekar Channapatna Rajannachar Medicine
79. Shri Bhagwatilal Rajpurohit Literature & Education
80. Shri Romalo Ram Art
81. Shri Navjivan Rastogi Literature & Education
82. Ms. Nirmal Rishi Art
83. Shri Pran Sabharwal Art
84. Shri Gaddam Sammaiah Art
85. Shri Sangthankima Social Work
86. Shri Machihan Sasa Art
87. Shri Omprakash Sharma Art
88. Shri Eklabya Sharma Science & Engineering
89. Shri Ram Chander Sihag Science & Engineering
90. Shri Harbinder Singh Sports

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SN Name Field
91. Shri Gurvinder Singh Social Work
92. Shri Godawari Singh Art
93. Shri Ravi Prakash Singh Science & Engineering
94. Shri Seshampatti T Sivalingam Art
95. Shri Somanna Social Work
96. Shri Kethavath Somlal Literature & Education
97. Ms. Shashi Soni Trade & Industry
98. Ms. Urmila Srivastava Art
99. Shri Nepal Chandra Sutradhar Art

(Posthumous)
100. Shri Gopinath Swain Art
101. Shri Laxman Bhatt Tailang Art
102. Ms. Maya Tandon Social Work
103. Ms. Aswathi Thirunal Gouri Lakshmi Bayi Thampuratty Literature & Education
104. Shri Jagdish Labhshanker Trivedi Art
105. Ms. Sano Vamuzo Social Work
106. Shri Balakrishnan Sadanam Puthiya Veetil Art
107. Shri Kurella Vittalacharya Literature & Education
108. Shri Kiran Vyas Others - Yoga

.
SN Name Field
109. Shri Jageshwar Yadav Social Work
110. Shri Babu Ram Yadav Art
Shastri, Engineer honoured with Col CK Nayudu Lifetime Achievement Award

• Former India wicket-keeper Mr Farokh Engineer and all-rounder Mr Ravi Shastri were bestowed with
the Col. C.K. Nayudu Lifetime Achievement Awards at the glittering Naman Awards ceremony in
Hyderabad.
• Celebrating Indian Cricket and recognising performances both at the domestic and international
level, the Naman Awards for the past four seasons (2019-20, 2020-21, 2021-22, and 2022-23).
• For their outstanding performances, Mr Mohd. Shami (2019-20), Mr R. Ashwin (2020-21), and Mr
Shubman Gill (2022-23) received the Polly Umrigar A ward for Best International Cricketer- Men
while Mr Jasprit Bumrah, who had received this award in the 2018–19 season, received his second
for the 2021-22 season.
• Similarly, Ms Smriti Mandhana, who was named the Best International Woman Cricketer in 2017-18,
claimed the top award for the second time for her breakthrough performances in 2020–21 and also
2021–22.
• Meanwhile, Deepti Sharma swept awards for the seasons 2019–20 and 2022–23.
• K.N. Ananthapadmanabhan, Vrinda Rathi, Jayaraman Madan Gopal, and Rohan Pandit were
awarded the Best Umpire in Domestic Cricket for 2019–20, 2020–21, 2021–22, and 2022–23,
respectively.
• Mumbai received the Best Performance Award in BCCI Domestic Tournaments for 2019-20 for
winning the Vijay Merchant Trophy, the Women’s U23 T20 Trophy, finishing runner-up in the Vinoo
Mankad Trophy, and making it to the semi-finals of the Col CK Nayudu Trophy and the Cooch Behar
Trophy.
• Madhya Pradesh won the award for the 2021–22 season for winning the Ranji Trophy, finishing
runner-up in the Women’s U19 one-day Trophy, and a semi-final finish in the Col CK Nayudu
Trophy.
• Saurashtra claimed the top prize for the 2022–23 season for their title triumph in the Ranji Trophy,
the Vijay Hazare Trophy, the Men’s U25 State A trophy, and finishing runner-up in the Irani Cup.
.
List Of winners
• Best International Debut, Men: Mayank Agarwal (2019-20), Axar Patel (2020-21), Shreyas Iyer
(2021-22), Yashasvi Jaiswal (2022-23).
• Best International Debut, Women: Priya Punia (2019-20), Shafali Varma (2020-21), S Meghna
(2021-22), Amanjot Kaur (2022-23).
• Dilip Sardesai Award (2022-23): Highest Runs: Yashasvi Jaiswal; Highest Wickets: R Ashwin.
Former Bihar Chief Minister Karpoori Thakur to be awarded Bharat Ratna posthumously
• Rashtrapati Bhavan announced in its communique that prominent socialist leader and former Bihar
Chief Minister Karpoori Thakur will be posthumously awarded the Bharat Ratna.
• He will be the 49th recipient and 15th to be accorded posthumously.
• The announcement of conferring India's highest civilian award on Karpoori Thakur has been made a
day before his 100th birth anniversary.
ABOUT Karpoori thakur
• He was a prominent socialist leader. Thakur is also revered by his followers as 'Jannanayak', who
was known for his efforts to strengthen the backward castes.
• He was born on 24 January 1924 and died on February 17, 1988. Thakur was jailed during the Quit
India Movement against British rule.
• He won the election for the first time in 1952 and since then has not lost a single election in his
career.
• In 1978, Karpoori Thakur paved the way for reservation for backward castes in government services
in Bihar.
• He served as Chief Minister of Bihar from December 1970 to June 1971 and from December 1977 to
April 1979.
About Bharat Ratna award
• Bharat Ratna is the highest civilian Award of the country which was instituted in the year 1954.
• Any person without distinction of race, occupation, position or sex is eligible for these awards.
• Though usually conferred on India-born citizens, the Bharat Ratna has been awarded to one
naturalised citizen, Mother Teresa, and to two non-Indians, Pakistan national Khan Abdul Ghaffar
Khan and former South African President Nelson Mandela.
• The original statutes did not provide for posthumous awards but were amended in 1955 to permit
them. Former Prime Minister Lal Bahadur Shastri became the first individual to be honoured
posthumously.
.
• The recommendations for Bharat Ratna are made by the Prime Minister himself to the President and
no formal recommendations for this are necessary.
• The number of annual awards is restricted to a maximum of three in a particular year.
• On conferment of the award, the recipient receives a Sanad (certificate) signed by the President and
a medallion. The award does not carry any monetary grant.
• Earlier, the Finance Ministry notified issuance of a commemorative coin on the occasion of the birth
centenary of late Thakur .The coin will be in the denomination of ₹100.
• Commemorative coins are intended to celebrate and honour people, places, events, and institutions.
• Although these coins are legal tender, they are not minted for general circulation. Also, the price of
such a coin is much higher than value printed on it.
• The Bharat Ratna was last conferred to the late president Pranab Mukherjee in 2019.
APPOINTMENTS & RESIGNATIONS

HDFC Bank Board Grants 3-Year Extension to Atanu Chakraborty as Chairman
• Country's biggest private sector lender HDFC Bank’s board has approved a three year extension
to Atanu Chakraborty as non-executive chairman.
• The board has recommended the re-appointment of Chakraborty as the part-time non-executive
chairman and independent director of the bank to the Reserve Bank of India (RBI), for a second
term of three years with effect from May 5, 2024 to May 4, 2027.
• Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of
Economic Affairs in April 2020.
• Prior to that, he was Secretary of the Department of Investment and Public Asset Management
(DIPAM).
• Both departments come under the finance ministry.
About HDFC Bank :
• Chairman : Atanu Chakraborty
• MD & CEO : Sashidhar Jagdishan
Power Grid Appoints Ravindra Kumar Tyagi as New Managing Director
• Ravindra Kumar Tyagi has been appointed as the new Chairman and Managing Director of Power
Grid Corporation of India Limited (POWERGRID).
• Prior to this, he was serving as Director (Operations) of the company.
.
• He has over 33 years of rich experience in the power sector at various key positions in leading
CPSU.
• He has handled multi-disciplinary work in various business areas of POWERGRID such as Asset
Management, Engineering, Business Development (domestic and overseas), Telecom, Load
Despatch & Communication, NTAMC, DMS etc. and Head of POWERGRID’s Northeastern
Region.
About POWERGRID :
• Founded : 23 October 1989
• Headquarters : Gurugram, Haryana, India
• Power Grid Corporation of India Limited is an Indian central public sector undertaking under the
ownership of the Ministry of Power, Government of India.
Former Niti Aayog Vice-Chairman Arvind Panagariya was appointed as head of the 16th Finance
Commission
● Arvind Panagariya, the former Vice Chairman of National Institution for Transforming India (NITI
Aayog) , has been named as the head of the 16th Finance Commission.
● Meanwhile, Ritvik Ranjanam Pandey will hold the post of secretary to the commission.
● The chairman and other members of the 16th Finance Commission shall hold office from the date
on which they respectively assume office up to the date of submission of report or October 31,
2025, whichever is earlier.
● The report of the commission shall be made available by October 31, 2025, covering a period of
five years commencing on April 1, 2026.
● The panel's predecessor, the 15th Finance Commission, which was set up on November 27,
2017, was chaired by the member of the erstwhile Planning Commission, NK Singh.
Kia India appoints Gwanggu Lee as the new Managing Director and Chief Executive Officer
• Kia India, a leading car manufacturer in India, has announced the appointment of Gwanggu Lee
as its new Managing Director (MD) and Chief Executive Officer (CEO).
• Gwanggu Lee succeeds Kook Hyun Shim and Tae Jin Park, becoming the 3rd Managing Director
and CEO of Kia India.
• Tae Jin Park, the former MD & CEO, is set to retire after a commendable 36-year tenure with Kia
Corporation, including 4 years with Kia India.
About Mr. Gwanggu Lee :
.
• Mr. Gwanggu Lee brings over 30 years of experience in the automotive industry, having held
leadership roles in various global markets, including the US, Canada,
Italy, Mexico, Central and South America, and Germany.
• His most recent role was as President at Kia Mexico, where he contributed significantly to the
company's growth and establishment as a production and export hub.
About Kia India :
• Founded : 19 May 2017
• Headquarters : Anantapur, Andhra Pradesh, India.
Pole Vaulter Katie Moon becomes ambassador for Mumbai Marathon

• Katie Moon, a two-time pole vault world champion and Tokyo Olympics gold medallist, has been
appointed as the event ambassador for the 19th edition of the Tata Mumbai Marathon.
• The Tata Mumbai Marathon is promoted by Procam International.
• It holds the prestigious status of being a World Athletics Gold Label Race.
• The Mumbai Marathon is recognized as one of the top 10 marathons in the world.
• With a prize money of USD 405,000, Mumbai Marathon 2024 will witness participation from across
the globe.
Shashi Singh Elected as President of All India Rubber Industries Association (AIRIA)
• Shashi Singh has been elected as the new president of the All India Rubber Industries Association
(AIRIA), the apex body for rubber industries in India.
• Mr. Shashi Singh will be succeeding Mr. Ramesh Kejriwal as the President of AIRIA, playing a
pivotal role in steering the association forward.
• Before assuming the role of President, Mr. Shashi Singh was the Senior Vice President within
AIRIA.
• The elections were held during the Annual General Meeting held on December 23, 2023, in
Mumbai, Maharashtra.
• Zafar Ahmed, Managing Director of New India Rubber Works Pvt Ltd, has been elected as the
senior vice-president of AIRIA for 2023-24.
• Indra Parekh has been elected as the vice president of the Association.
About AIRIA :
.
• It is the largest not-for-profit non-government body for the rubber industry and trade.
Kuwait emir appoints Sheikh Mohammed Sabah al-Salem al-Sabah as prime minister of Kuwait
• Kuwait's new emir Sheikh Meshal al-Ahmad al-Sabah appointed Sheikh Mohammed Sabah al-
Salem al-Sabah as the country's prime minister (PM) of kuwait.
• He succeeds Sheikh Ahmad Nawaf AI Ahmad AI Sabah.
• Sheikh Mohammed Sabah al-Salem al-Sabah is a Kuwaiti politician, economist, and diplomat.
• In 1993 he was appointed as the ambassador of Kuwait to the United States, serving until 14
February 2001, at which point he became the Minister of Foreign Affairs.
About Kuwait :
• Emir : Mishal Al-Ahmad Al-Jaber Al-Sabah
• Prime Minister : Mohammad Sabah Al-Salem Al-Sabah
• Capital : Kuwait City
• Currency : Kuwaiti dinar
Senior IAS officer Vikas Sheel appointed as Executive Director of Asian Development Bank
• The government has appointed senior bureaucrat Vikas Sheel as the Executive Director (ED) of
Asian Development Bank (ADB) in Manila, Philippines.
• He has been appointed as ED, of ADB for a period of 3 years from the date of assumption of the
charge.
• Sheel, a 1994-batch Indian Administrative Service (IAS) officer of Chhattisgarh cadre, is currently
Additional Secretary and Mission Director, Jal Jeevan Mission under the Ministry of Jal Shakti.
Canara Bank's Chief General Manager, P Santhosh, appointed as MD & CEO of National Asset
Reconstruction Company Limited, Natarajan Sundar resigns as MD
• P Santhosh, Chief General Manager at Canara Bank, appointed as Managing Director (MD) and
Chief Executive Officer (CEO) of National Asset Reconstruction Company Limited (NARCL).
• Natarajan Sundar, the former MD and CEO of NARCL, resigned from the post.
• Natarajan Sundar is the second person among NARCL's top management to resign from the post
before completing their tenure.
• In August,2023 Karnam Sekar, chairman of NARCL, resigned ahead of his term without
specifying any reason.
.
About P Santhosh :
• He carries over three decades of experience in the banking sector, spanning across Corporate &
Wholesale Banking, Corporate Credit, International Banking, Project
Finance, etc.
• During his stint at SBI, Sundar held the position of Deputy Managing Director (DMD) and was
working as Chief Credit Officer for the Bank.
• A total of 10 Public Sector Banks (PSBs) have transferred Non-Performing Assets of over Rs
11,617 crore to NARCL between January and November last year.
About NARCL :
• Chairman : Diwakar Gupta
• MD & CEO : P Santhosh
• Canara Bank is the sponsor bank of NARCL with over a 10% stake.
• Public sector banks are major shareholders of NARCL.
Vice Admiral Dinesh K. Tripathi Assumes Role as the New Vice Chief of the Naval Staff
• Vice Admiral Dinesh K Tripathi assumed the charge of Vice Chief of the Indian Navy.
• Vice Admiral Dinesh K Tripathi has taken the place of Vice Admiral Sanjay J Singh, who became
Flag Officer Commanding-in-Chief of the Western Naval Command.
About Dinesh K Tripathi :
• Dinesh K Tripathi joined the Indian Navy on 1 July 1985.
• He was serving as the Flag Officer Commanding-in-Chief of the Western Naval Command.
• He is an alumnus of the National Defence Academy, Khadakwasla.
• A Communication and Electronic Warfare specialist, he served on frontline warships of the Navy
as Signal Communication Officer and Electronic Warfare Officer, and later as the Executive
Officer and Principal Warfare Officer of Guided Missile Destroyer INS Mumbai.
• He commanded Indian Naval Ships Vinash, Kirch and Trishul.
Awami League President Sheikh Hasina to be sworn in as Prime Minister of Bangladesh
• Awami League President Sheikh Hasina will be sworn in as Prime Minister of Bangladesh for the
fourth straight term.
• Bangladesh's President will administer the oath to the new prime minister in Dhaka.
.
• Cabinet Secretary announced the list of ministers and as per the list, 15 ministers of the last
cabinet including some heavyweights like Finance Minister AHM Mustafa Kamal, Agriculture
Minister Dr Abdur Razzak, Foreign Minister Dr AK Momen, and Commerce Minister Tipu Munshi
have been dropped from the new cabinet.
Senthil Pandian C to be India’s next ambassador to WTO

• India has recently appointed Senthil Pandian C as its Ambassador to the World Trade
Organization (WTO), marking a significant development in the country’s representation on the
global trade stage.
• Senthil Pandian C, an experienced diplomat with a proven track record, is set to take charge at a
crucial time when international trade dynamics are evolving rapidly.
• Over the years, India has been a vocal advocate for the interests of developing nations,
emphasizing issues such as agricultural subsidies, intellectual property rights, and equitable trade
practices.
Bhutan: Tshering Tobgay to be re-elected as Bhutan's Prime Minister
• The party of Bhutan's former prime minister Tshering Tobgay won general elections with nearly
two-thirds of seats in parliament.
• Tobgay's People's Democratic Party (PDP) won the 2024 National Assembly general elections with
30 seats' ' while the Bhutan Tendrel Party (BTP) took the remaining 17, local media reported.
• Tshering Tobgay is expected to become Bhutan's PM for the second time.
Raghuram Iyer appointed as Chief Executive Officer by Indian Olympic Association

• Indian Olympic Association (IOA) appointed Indian Premier League side Rajasthan Royals'
former official Raghuram Iyer as its Chief Executive Officer (CEO), a year after it was due and
following repeated reminders from the IOC.
• Iyer was appointed as its CEO after a "meticulous selection process conducted by the nomination
committee".
• The appointment followed a meticulous selection process conducted by the nomination
committee.
• Before Iyer's appointment, the joint secretary and All India Football Federation (AIFF) president
Kalyan Chaubey had been discharging the functions of the CEO.
About IOA :
.
• President : P. T. Usha
• The Indian Olympic Association (IOA) or Indian Olympic Committee (IOC) is responsible for
selecting athletes to represent India at the Olympic Games, Asian Games and other international
sports competitions, and managing Indian teams at these events.
Nadia Calviño Becomes the First Female President of the European Investment Bank (EIB)
• Nadia Calviño assumed the role of President of the European Investment Bank (EIB).
• Calviño takes over from Werner Hoyer, who had been president of the Bank since 2012
• The 8th president of the European Union (EU) bank, Calviño is the first woman to lead the
institution.
• She is also the first Spaniard to head the Bank.
About Nadia Calviño :
• Nadia María Calviño Santamaría, born on October 3, 1968, in A Coruña, Galicia, Spain.
• Calviño began her career in various roles within the Ministry of Economy and later, in 2006,
joined the European Commission.
• She held various positions within different directorates-general and, in 2014, was appointed
Director-General for Budget (DG BUDG).
About EIB :
• Founded : 1958
• Headquarters : Luxembourg
• President : Nadia Calviño Santamaría
• The European Investment Bank is the European Union's investment bank and is owned by the 27
member states.
• It is the largest multilateral financial institution in the world.
China appoints former top naval commander Dong Jun as new defence minister
• China named naval commander General Dong Jun as the new defence minister, two months
after the summary dismissal of General Li Shangfu without any explanation.
About Dong Jun :
• Dong, formerly the commander of the Chinese navy, was promoted to the rank of general in
September 2021, making him one of the highest-ranking officers in active service.
.
• Dong has served as the deputy commander of the military's Southern Theater Command, which
includes the operations in the controversial South China Sea, where China faces territorial
disputes with other countries including Taiwan.
• The appointments for the top defence posts are cleared by President Xi, who is also the head of
the Central Military Commission (CMC), besides being the General Secretary of the ruling
Communist Party of China (CPC).
About China :
• President: Xi Jinping
• Capital: Beijing
• Currency : Renminbi
IAS officer Senthil Pandian appointed as India's representative to the World Trade Organization (WTO)
• Senthil Pandian, a 2002 IAS officer of the Uttar Pradesh cadre, has been appointed as India's
ambassador to the World Trade Organisation (WTO) in Geneva.
• The Appointments Committee of the Cabinet (ACC) approved Pandian's appointment for a three-
year term, effective from the date of assuming charge.
• At the time of appointment, Senthil Pandian is serving as the commissioner of excise in Uttar
Pradesh.
• The appointment comes as the tenure of Brajendra Navnit, India's current ambassador to the
WTO, concludes on March 31, 2024.
About WTO :
• Established : 1 January 1995
• Headquarters : Geneva, Switzerland
• Director-General : Ngozi Okonjo-Iweala.
• Membership : 164 members (160 UN member states, the European Union, Hong Kong, Macao,
and Taiwan)
Justice BR Gavai Nominated as Chairperson of Supreme Court Legal Services Committee
• Supreme Court judge Justice BR Gavai has been nominated as the Chairman of the Supreme
Court Legal Services Committee (SCLSC), replacing Justice Sanjiv Khanna – the senior most
judge of the top court after the Chief Justice of India (CJI).
.
• The Supreme Court Legal Services Committee is constituted under Section 3A of the Legal
Services Authorities Act, 1987, with the aim of providing "free and competent legal services to the
weaker sections of society" in cases under the jurisdiction of the Supreme Court.
SEBI Appoints G Ram Mohan Rao as Executive Director Overseeing Investigation and Internal
Inspection
• Govindayapalli Ram Mohan Rao has been appointed as Executive Director of Securities and
Exchange Board of India (SEBI).
• His appointment is for 3 years and he will be handling the Investigation Department and Internal
Inspection Department.
About G Ram Mohan Rao :
• He has worked with SEBI for 25 years.
• He handled portfolios such as Inspections, Investigations and Market Surveillance. He has also
served at the Northern Regional Office and Serious Fraud Investigation Office.
• Prior to this assignment, Rao was the Regional Director of the Eastern Regional Office of SEBI
and supervised diverse portfolios such as, Inspections, Collective Investment Schemes,
Litigation, Recovery, setting up of Investor Service Centers, Investor Awareness, Financial
Education, redressal of grievances, coordination with 13 States/ UTs and so on.
Indra Mani Pandey Assumes Role as Secretary General of Bay of Bengal Initiative for Multi-Sectoral
Technical and Economic Cooperation
• Indra Mani Pandey, a veteran diplomat and a 1990-batch Indian Foreign Service (IFS) officer,
has taken charge as the new Secretary General of the Bay of Bengal Initiative for Multi-Sectoral
Technical and Economic Cooperation (BIMSTEC).
• Pandey assumed charge as the 4th Secretary General of BIMSTEC at its secretariat in Dhaka.
• He replaced Tenzin Lekfel of Bhutan.
• His tenure in this prestigious post will be for three years.
About Indra Mani Pandey :
• Pandey is a 1990-batch Indian Foreign Service (IFS) officer.
• He was serving as India's Permanent Representative to the United Nations and other
international organizations in Geneva before assuming the new assignment.
About BIMSTEC :
.
• Established : 6 June 1997 through the Bangkok Declaration.

• Headquarters : Dhaka, Bangladesh.
• BIMSTEC is an international organization of South Asia and Southeast Asian countries.
• Its members are Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
Rear Admiral Upal Kundu assumes charge as Chief of Staff at Southern Naval Command
• Rear Admiral Upal Kundu, an esteemed alumnus of the Indian Naval Academy, has recently
taken over as the Chief of Staff at the Southern Naval Command (SNC).
• This seasoned naval officer brings with him a wealth of experience and expertise, particularly in
anti-submarine warfare (ASW).
• An alumnus of the Indian Naval Academy, he was commissioned into the Indian Navy in 1991.
• He is an anti-submarine warfare (ASW) specialist and commanded guided missile frigate INS
Trikand, missile corvette INS Kuthar, erstwhile INS Akshay, and ashore units — INS
Tanaji and INS Kadamba.
Awami League President Sheikh Hasina to be sworn in as Prime Minister of Bangladesh
• Awami League President Sheikh Hasina will be sworn in as Prime Minister of Bangladesh for the
fourth straight term.
• Bangladesh's President will administer the oath to the new prime minister in Dhaka.
• Cabinet Secretary announced the list of ministers and as per the list, 15 ministers of the last
cabinet including some heavyweights like Finance Minister AHM Mustafa Kamal, Agriculture
Minister Dr Abdur Razzak, Foreign Minister Dr AK Momen, and Commerce Minister Tipu Munshi
have been dropped from the new cabinet.
Senthil Pandian C to be India’s next ambassador to WTO

• India has recently appointed Senthil Pandian C as its Ambassador to the World Trade
Organization (WTO), marking a significant development in the country’s representation on the
global trade stage.
• Senthil Pandian C, an experienced diplomat with a proven track record, is set to take charge at a
crucial time when international trade dynamics are evolving rapidly.
• Over the years, India has been a vocal advocate for the interests of developing nations,
emphasizing issues such as agricultural subsidies, intellectual property rights, and equitable trade
practices.
Bhutan: Tshering Tobgay to be re-elected as Bhutan's Prime Minister
.
• The party of Bhutan's former prime minister Tshering Tobgay won general elections with nearly
two-thirds of seats in parliament.
• Tobgay's People's Democratic Party (PDP) won the 2024 National Assembly general elections with
30 seats' ' while the Bhutan Tendrel Party (BTP) took the remaining 17, local media reported.
• Tshering Tobgay is expected to become Bhutan's PM for the second time.
Denmark’s King Frederik X takes the throne as his mother Queen Margrethe II steps down after 52
years
● Denmark’s King Frederik X ascended the throne, succeeding his mother, Queen Margrethe II,
who formally abdicated after 52 years as monarch, with big crowds gathered in the capital to
witness history.
● Margrethe, 83, stunned the nation on New Year’s Eve when she announced she planned to
become the first Danish monarch in nearly 900 years to voluntarily relinquish the throne.
● The succession was formalized the moment Margrethe signed the declaration of her
abdication during a meeting of the Council of State at parliament, the royal palace stated.
● Denmark, one of the oldest monarchies in the world, does not have a coronation.
● The meeting was attended by government representatives, Margrethe, Frederik, 55, his
Australian-born wife Mary, 51, who is now queen, and their oldest son Christian, 18, who is
the new heir to the throne.
● About an hour after the signing, Prime Minister Mette Frederiksen was due to proclaim the
new king on the balcony of the parliament and Frederik gave a short speech.
Royal Power Couple
● Margrethe, who in the past had stated she would remain on the throne for life, did not give an
exact reason for her decision to step down but said that a major back surgery she underwent
in February last year had made her consider her future.
● “It could be that she thinks Prince Frederik is prepared to take over now,” said Lars Hovbakke
Sorensen, a historian and associate professor at University College Absalon in Denmark.
● “He’s 55, and maybe the queen wanted to avoid a situation where you would have a very, very
old king, as you saw with Prince Charles.”
● The British king was 73 when he ascended the throne after his mother Queen Elizabeth died
in September 2022 aged 96.
.
● The new king and queen take the throne at a time of huge public support and enthusiasm for
the monarchy.
● The most recent survey done after Margrethe announced she would abdicate indicated
that 82% of Danes expect Frederik to do well or very well in his new role, while 86% said the
same about Mary.
Reformist Arevalo sworn in as Guatemala president after opponents delay inauguration
● Anti-corruption crusader Bernardo Arevalo was sworn in as Guatemala’s president after a
chaotic inauguration that was delayed for hours by a last-ditch attempt by Congress
opponents to weaken his authority.
● The latest in a series of legislative setbacks triggered by opponents underscored the
challenges Arevalo faces as leader of Central America’s most populous nation, to which he
has pledged to bring sweeping reforms and tackle the rising cost of living and violence, key
drivers of migration to the United States.
● Arevalo won August elections by a landslide and about 9 hours after his inauguration was
scheduled to start, he took the oath as president, replacing conservative politician Alejandro
Giammattei whose government has been engulfed in corruption scandals.
● Giammattei skipped the ceremony. Arevalo’s unexpected election victory was seen as a
watershed moment for Guatemala, where the 65-year-old has cast himself as a democracy
advocate and the leader of a progressive movement bent on reshaping a political landscape
long dominated by conservative parties.
● A career diplomat, sociologist and son of a former president, Arevalo has faced steady
opposition from established political parties such as those of Giammattei, whose allies have
repeatedly tried to undermine his election victory.
● Guatemala’s attorney general, an ally of Giammattei, has made several attempts to hinder
Arevalo’s transition to the presidency, including trying to strip Arevalo and his vice president of
legal immunity, attempting to suspend his Semilla party and annul the election.
● The attorney general’s office has defended its actions as within the framework of Guatemala’s
laws, but the political infighting has highlighted to many Guatemalans the
limitations Arevalo’s administration faces.
● In addition to tackling domestic issues, the government of Arevalo and Vice President Karin
Herrera will have to balance demands by the United States to stem migration amid record-
high remittances that keep the local economy afloat.
.
● Acting on U.S. pressure, Giammattei often deployed the police and the military to stop
migrants, and they used heavy-handed tactics such as launching tear gas at the crowds.
● In his inauguration speech, Arevalo stated his government was committed to treating migrants
crossing Guatemala’s territory with “dignity, respect, compassion, in the same way we will
demand that Guatemalan migrants are treated abroad.”.
Andhra Pradesh Congress Chief Rudraraju Gidugu resigns, YS Sharmila likely to take over
● Andhra Pradesh Congress Committee (APCC) Chief Rudraraju Gidugu stepped down from
the post.
● However, sources have stated that he will continue his journey with the grand old party until
further orders from the high command.
● Earlier this month, YS Sharmila, the sister of Andhra Pradesh Chief Minister Jaganmohan
Reddy and daughter of former Chief Minister YS Rajasekhar Reddy, joined Congress after
merging her party, YSR Telangana Party, into Congress.
● As per the sources, she is likely to be appointed as the APCC President and will be made to
face off with her brother, Reddy, in the Lok Sabha polls.
● She was inducted into the party by Congress president Mallikarjun Kharge in the presence of
former party president Rahul Gandhi and other senior leaders, including the general secretary
of the organisation, KC Venugopal.
● Speaking on the occasion, Sharmila stated it gave her immense pleasure that the YSR
Telangana Party had merged with the Congress. She stated her father, the late YS
Rajasekhar Reddy, not only served the Congress party his entire life but also gave his life
serving the party.
● Sharmila stated that she had decided to join the Congress as it was the only true and largest
secular party in the country. She stated it always upheld the culture of India, serving all
sections and uniting the people of India.
● Sharmila added that she was deeply pained and anguished over what happened in Manipur.
She stated this can always happen if a party like Congress is not in power.
● She went on to disclose that it was her father’s dream to see Rahul Gandhi as the Prime
Minister of India, and she was glad that she was going to be a part of making that happen.
● YS Sharmila stated that whatever role the Congress party will give her, she will perform it with
loyalty, integrity and diligence.
BP appoints interim CEO Murray Auchincloss as permanent boss following Bernard Looney’s exit
.
● Energy giant BP appointed interim boss Murray Auchincloss as permanent CEO on January
17.
● The development came four months after Bernard Looney’s sudden resignation on September
12 over undisclosed relationships with employees.
● Murray Auchincloss indicated that he would continue a strategy aimed at slashing carbon
emissions, building up its renewables and clean fuel capacity and cutting oil and gas output by
● Murray Auchincloss headed BP’s finances under
● BP shares started the day 1 percent lower while Shell was down by 2 percent. Amid a recent
wave of consolidation, there is speculation that BP could be an acquisition target as the stock
has underperformed rivals since Looney’s departure.
● In February last year, Murray Auchincloss played a key role in formulating changes that
Looney made to the company’s strategy.
● These changes included slowing down BP’s retreat from oil and gas and reducing spending
on renewables in an effort to improve returns.
● Moreover, Murray Auchincloss’ partner is a BP employee.
● He disclosed the relationship status before becoming CFO in 2020. The new CEO will receive
an annual salary of 1.45 million pounds ($1.83 million) plus bonus.
● The process to appoint a person to the permanent role of CFO continues while Kate
Thomson continues to serve as interim CFO, a spokesperson informed.
Sue Redfern to make history as first ICC-appointed female neutral umpire in bilateral series
● Sue Redfern will become the first female neutral umpire appointed by the International Cricket
Council to work in a bilateral series, having been named for the upcoming ICC Women’s
Championship and T20I matches between Australia and South Africa.
● Redfern’s appointment ensures neutrality while fostering the growth of local female
umpires who learn alongside seasoned professionals.
● This builds upon the momentum created by the historic all-female match officials panel at
the 2023 ICC Women’s T20 World Cup.
● The ICC prioritises female umpires for this neutral role, guaranteeing them equal match-day
pay and perks as their male counterparts on ICC’s elite panel.
About Sue Redfern:
● Suzanne Redfern MBE(born 26 October 1977) is an English cricket umpire and former
cricketer.
.
● She played for the England women’s team between 1995 and 1999, including at the 1997
World Cup.
● At the 1997 World Cup in India, Redfern played in only four of her team’s seven matches,
taking three
● Her final matches for England came at the age of 21, in July 1999, when she played in a
single Test and a single ODI against India.
IIM Calcutta Removes Director Sahadeb Sarkar Over Sexual Harassment Complaint
● The Indian Institute of Management Calcutta (IIM-C) has removed its director-in-
charge, Sahadeb Sarkar, because of an allegation of sexual harassment against him. The
institute announced this decision in a statement.
● According to The Indian Express, the next senior-most faculty member, professor Saibal
Chattopadhyay, has been appointed as director-in-charge.
● Sarkar is the third IIM director in three years to leave before his term is over.
About IIM-C:
● Indian Institute of Management Calcutta(IIM Calcutta or IIM-C) is a public business
school located in Joka, Kolkata, West Bengal,
● It was the first Indian Institute of Management to be established, and has been recognized as
an Institute of National Importance by the Government of India in
Vice Admiral Gurcharan Singh, NM assumes charge as Controller Personnel Services
● Vice Admiral Gurcharan Singh assumed charge as the Controller Personnel Services
(CPS) on 15 Jan 24.
About Gurcharan Singh:
● An alumnus of the National Defence Academy (Khadakwasla), he was commissioned into
Indian Navy on 01 Jul 1990 and is a graduate of Defence Services Staff College (Wellington),
Naval War College (Goa) and National Defence College (New Delhi).
● His academic qualifications include MSc and MPhil (Defence & Strategic Studies) In addition
to the Staff, Higher Command and NDC courses in India, he has attended the Maritime
Intelligence Course at National Intelligence University (NIU), Washington, and the United
Nations Staff Officers Course (UNSOC) at Stockholm, Sweden.
● The Flagg Officer has held several appointments, both afloat and ashore.
● As a specialist in Gunnery and Missiles, he has served on Indian Naval Ships Ranjit, Prahar
and Brahmaputra.
.
● He has commanded INS Vidyut. INS Khukri and INS Kochi.

● He has been an instructor at INS Dronacharya (Gunnery School) and the Deputy
Commandant of Naval War College (Goa).
Awards won by Gurcharan Singh:
● He was awarded the Admiral Katarı Trophy for standing ‘First in Overall Order of Merit of his
batch during ab initio training.
● He has also been awarded the FOC-in-C commendation (2002) and the Nao Sena Medal
(2020).
● Under his command, INS Khukri was awarded the ‘Unit Citation’ on Dec 11 for overall
operational effectiveness and successful conduct of anti-piracy operations.
RuPay Prime Volleyball League ropes in Hrithik Roshan as brand ambassador for Season 3
● Indian superstar Hrithik Roshan joins the 3rd season of RuPay Prime Volleyball League
powered by A23 as the brand ambassador.
● Hrithik, an avid sports fan himself, enjoys the physical nature of volleyball and describes the
partnership as a natural fit for him.
● The event is all set to begin on February 15, 2024 and will be telecast LIVE on Sony Sports
Network.
● The RuPay Prime Volleyball League powered by A23 is co-owned and exclusively marketed
by Baseline Ventures, a sports marketing firm.
● Tuhin Mishra, managing director and co-founder, Baseline Ventures.
Senior IPS officer Daljit Singh Chaudhary appointed chief of Sashastra Seema Bal
● Senior IPS officer Daljit Singh Chaudhary was appointed as the director general of
the Sashastra Seema Bal (SSB), a Personnel Ministry order stated.
● Chaudhary, a 1990 batch Indian Police Service (IPS) officer of Uttar Pradesh cadre, is
presently working as Special Director General of the Central Reserve Police Force (CRPF).
● The Appointments Committee of the Cabinet has approved his appointment as the DG, SSB
for a period up to November 30, 2025e. the date of his superannuation, the order stated.
● The SSB guards India’s frontiers with Nepal and Bhutan.
● The top post in the central armed police force was lying vacant following repatriation
of Rashmi Shukla to her cadre state Maharashtra earlier this month.
● Shukla is now Director General of Police (DGP), Maharashtra.
SC Collegium recommends Karnataka HC Chief Justice Prasanna B Varale’s elevation as apex court
.
judge
● The Supreme Court collegium headed by Chief Justice D Y Chandrachud recommended the
elevation of Karnataka High Court Chief Justice Prasanna B Varale as a top court judge.
In a meeting held, the collegium, also comprising Justices Sanjiv Khanna, B R Gavai, Surya
Kant and Aniruddha Bose, took into consideration the fact that he is among the senior-most
High Court judges and is the only HC chief justice from the Scheduled Caste.
● The collegium took note of the vacancy that arose on the retirement of Justice Sanjay Kishan
Kaul on December 25, 2023.
Arjun Munda panel elected in the AAI
● Union Minister Arjun Munda, with his entire panel of Sr. Vice-President (1), eight (8) Vice
Presidents and seven (7) Joint Secretaries, Secretary-General (1), and Treasurer (1) was re-
elected unopposed to the post of President of Archery Association of India for the
period 2024-2028 in the General Council meeting of the AAI held at DDA Yamuna Sports
Complex,
● Virendra Sachdeva, earlier the Treasurer of the Association, is the new Honorary Secretary
General while Dr Joris Paulose Ummacheril of Kerala has been elected as the new Hony.
● Thirty-five (35) member State Archery Associations affiliated took part in the election process.
● Justice Permod Kohli (Retd.), Former Chief Justice, Sikkim High Court, and Chairman of the
Arbitration Commission of the Indian Olympic Association conducted the proceedings.
PepsiCo India appoints Jagrut Kotecha as new CEO
● PepsiCo India announced a leadership-level change as the food and beverage maker’s India
team has appointed Jagrut Kotecha its chief executive officer (CEO). Kotecha is currently
serving as the chief commercial officer of PepsiCo Africa, Middle-East, and South Africa
(AMESA).
● The move came after incumbent CEO Ahmed El Sheikh was given responsibility for the
company’s Middle East branch after his seven-year-long stint with the India team.
● Eugene Willemsen, CEO, PepsiCo (Africa, Middle East & South Asia), stated India remains a
pivotal market for the company, playing a crucial role in our global strategy.
● Pepsico India Holdings revenue from the sale of products and services on a consolidated
basis was up 28.47 per cent to Rs 8,127.07 crore, for the financial year that ended on March
31, 2023.
● He joined Pepsico in 1994.
.
● Before joining Pepsico, Kotecha worked with Cadbury India sales team for two years.
Anil Kumar Lohati appointed as new TRAI chairman
• The government has appointed former chairman and chief executive officer of the Railway Board
chairman, Anil Kumar Lohati, as the new chairperson of the Telecom Regulatory Authority of
India (Trai) chairperson.
• The high-profile post of Trai chairman was vacant following the completion of a two-year term of
former chairman PD Vaghela in September last year.
• Meenakshi Gupta (Member) took over the additional charge in the interim.
• Former power secretary Sanjiv Sahai, former member of technology at the Department of
Telecommunications (DoT) A K Tiwari, and former secretary of the Ministry of Electronics and
Information Technology Ajay Prakash Sawhney were also in the race to take over as the next
regulator.
About Lahoti:
• Lahoti is an Indian Railway Service of Engineers 1984 batch officer and was appointed in the first
panel of Indian Railways Management Service for Level-17.
• During his more than 35 years of career in the Indian Railways, Lahoti worked in various
capacities across Central, Northern, North Central, Western and West Central Railways regions.
• He underwent training in Strategic Management and Leadership programs at Carnegie Mellon
University, Pittsburgh, USA; Bocconi School of Management, Milan, Italy; and the Indian School
of Business, Hyderabad.
• Starting from 2018, the position is accompanied by a consolidated monthly salary of Rs 4.50
lakh.
• The TRAI Act of 1997, which regulates appointments to the position, has been amended in the
Telecom Bill to enable the appointment of senior executives from the private sector for the role.
Adani Energy Solutions appoints Kunjal Mehta as CFO
• Adani Energy Solutions Limited approved during the meeting of the Board of Directors of the
Company held on January 29, 2024, approved that Mr. Rohit Soni, Chief Financial Officer (a Key
.
Managerial Personnel, categorized as Senior Management Personnel), to relinquish his position

as Chief Financial Officer of the Company, in view of transition to a new role, effective from
closure of the business hours on March 31, 2024.
• Mr. Kunjal Mehta, presently serving as CFO within Adani Portfolio of Companies, will assume the
role of Chief Financial Officer of the Company (a Key Managerial Personnel, categorized as
Senior Management Personnel), commencing from April 1, 2024.
• Mr. Rohit Soni was appointed as Chief Financial Officer ("CFO") of the Company in the month of
September 2021.
• Under the ongoing leadership development process across the Adani Group, Mr. Rohit Soni will
be assuming a new role within the Adani portfolio of companies effective from April 1, 2024.
• Mr. Kunjal Mehta is a qualified Chartered Accountant and Cost Accountant with over 24 years of
work experience.
• In his previous positions, he has worked with Adani Ports & SEZ and Essar Steel.
• His expertise lies in the domains of Finance Resource Mobilization, Working Capital
Management, Financial Planning & Analysis, Auditing & Budgetary Controls, Compliance and
Risk Management functions of Business.
Bhutan's liberal Tobgay becomes prime minister for second time

• Bhutans liberal politician Tshering Tobgay, leader of the Peoples Democratic Party (PDP),
officially began his second term as prime minister, following elections earlier this month.
• To mark his appointment formally, King Jigme Khesar Namgyel Wangchuck handed a scarf to
Tobgay, a statement posted on the king's official facebook page stated.
• Tobgay, 58, is country's fourth freely elected prime minister since democracy was established in
the Himalayan kingdom 15 years ago.
• A former bureaucrat and an advocate for Bhutans Buddhist culture, he was previously prime
minister from 2013 to 2018.
• He was also the leader of opposition in the parliament set up after the first free vote in 2008 until
2013.
• Bhutan is a country of fewer than 800,000 people, situated between China and India.
• It is known for its Gross National Happiness (GNH) index, an economic gauge that takes into
account factors such as recreation and emotional well-being that are ignored by gross domestic
product measures.
.
• But Tobgay faces the challenge of revamping the $3 billion economy following the COVID-19
pandemic and creating jobs to prevent young Bhutanese people from going abroad, mainly to
Australia, in pursuit of better opportunities.
SUDHIR SEKHRI TAKES OVER AS THE NEW CHAIRMAN OF AEPC

• Shri Sudhir Sekhri, an Apparel industry veteran, has taken over as the new Chairman of Apparel
Export Promotion Council (AEPC).
• Shri Sekhri has been into the business of Readymade Garment Manufacturing for more than four
decades and is currently Managing Partner of Trendsetter International.
• He stated that ‘Our target to reach 40 billion USD of RMG export by 2030 can be a reality and my
duty is to take every possible step to reach this target’, he added.
About Sudhir Sekhri:
• After a 5-year stint in the family manufacturing & export business of electric welding equipment,
he diversified into the manufacturing & export business of readymade garments.
• He has been an Executive Committee member of the Apparel Export Promotion Council (AEPC)
since 1990, Chairman (Export Promotion Committee) of AEPC for several years and Vice
Chairman, AEPC for the year 2022 & 2023.
• He has been an Executive Committee member of the Garment Exporters & Manufacturers
Association (GEMA) since its inception and is its current Senior Vice President.
• He has also been an Executive Committee member of Apparel Training and Design Center
(ATDC) since 2014 and an Executive Member of Apparel Made-Ups Home Furnishing Sector
Skill Council (AMHSSC) since 2023.
• He is also on the Board of the Federation of Indian Export Organizations (FIEO).
• Sudhir Sekhri is known for his philanthropy, benevolence and humanitarianism.
• He is one of the early donors to Dharamshila Cancer Foundation and Research Centre, an NGO
that started North India's first state-of-the-art comprehensive cancer care and research centre.
• He is an annual contributor to Vivekanand Kendra Prathisthan to sponsor Child’s Education
program.
• He regularly donates to several Institutions involved in social causes viz Sewa Bharti, Durbal
Divyang Kalyan Society, ISCKON, etc.
Bihar Chief Minister Nitish Kumar resigns; expected to form new government with BJP support
.
• Bihar Chief Minister Nitish Kumar submitted his resignation to Governor Rajendra Vishwanath
Arlekar, breaking away from the grand alliance less than 18 months after forming a new
government in the state with the support of Lalu Prasad Yadav's Rashtriya Janata Dal.
• The JD(U) president is expected to stake claim to form a new government with the Bharatiya
Janata Party's support.
• The BJP has the largest number of 17 MPs in Bihar, where the total number of Lok Sabha
members is 40.
• The JD(U), headed by Nitish Kumar, has 16, while another NDA ally LJP, now split up between
the uncle-nephew duo of Pashupati Kumar Paras and Chirag Paswan, has six.
• In the Bihar assembly of 243, the RJD has 79 MLAs; followed by the BJP's 78; the JD(U)'s 45'
the Congress's 19, the CPI (M-L)'s 12, two each of the CPI(M) and CPI, the Hindustani Awam
Morcha (Secular)'s four seats, and the AIMIM's one, plus one Independent legislator.
Justice Prasanna Bhalachandra Varale Sworn In, Elevating Dalit Representation to Three in Supreme
Court
● In exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India, the
President is pleased to appoint Shri Justice Prasarma Bhalachandra Varale, Chief Justice of the
Karnataka High Court, to be a Judge of the Supreme Court of India.
● He replaced Justice S K Kaul, who retired in Dec 2023.
● His elevation takes the number of Supreme Court judges back to its full strength of 34.
● He would become the third sitting judge from a Scheduled Caste community.
● The others are Justices B R Gavai and C T Ravikumar.
● Currently, Prasanna B Varale is the only High Court Chief Justice belonging to the Scheduled
Caste community and he claims to be born in a family “blessed by Dr B R Ambedkar".
About Prasanna B Varale :
● He has practiced law (specifically civil, criminal, labour, and administrative matters) for over two
decades, and previously served in the Bombay High Court.
● He took oath as the Chief Justice of the Karnataka High Court in October 2022.
InterGlobe appoints Aditya Pande as group CEO

• To strengthen its leadership team, InterGlobe Enterprises has announced the appointment of
Aditya Pande as its Group Chief Executive Officer, effective from March 1.
.
• A senior professional with diverse and multi-functional experience of over 25 years, Aditya will
rejoin InterGlobe from Udaan, B2B e-commerce company.
• In his previous stint with InterGlobe (IndiGo), Pande worked as chief financial officer from
September 2019 to February 2021.
• He joined Udaan in February 2021.
• His experience lies in working with the healthcare, manufacturing, airline, e-commerce, and
services industry.
• He is skilled in leading finance teams in strategy, corporate finance, FP&A, manufacturing
finance, general management, M&A, financial modeling, controllership functions, and stakeholder
management.
• He has held business strategy and finance roles in various companies, driving operations with a
focus on productivity & profitability.
• In addition to IndiGo, he worked at General Electric and Arthur Andersen.
Suryakumar Yadav named captain as ICC announces T20I Team of the Year for 2023
• The ICC announced the T20I Team of the Year for 2023.
• India's Suryakumar Yadav was named captain of the ICC T20I team.
• Four Indians have made the cut as the International Cricket Council (ICC) announced the Men's
T20I Team of the Year for the 2023 season.
• Top-ranked batter Suryakumar Yadav spearheaded the star-studded lineup revealed by the
global cricket administrative body in the T20 World Cup year.
• Premier batter Suryakumar recently captained the Indian team in the absence of skipper Rohit
Sharma and his former deputy Hardik Pandya.
• Under the leadership of Suryakumar, India played two T20I series against Australia and South
Africa after the One Day International (ODI) World Cup.
• Nicknamed SKY, the explosive batter retained the top spot in last year's ICC Men's T20I batting
rankings.
• Each year, the ICC recognises 11 outstanding individuals who earned plaudits for their
remarkable performances in the shortest format.
.
• Players who stood out throughout the 2023 season have been nominated in the ICC Men’s T20I
Team of the Year.
• ICC picked Suryakumar as the captain of the men's T20I team of the year after the star batter
capped off a stellar 2023 season in the shortest format.
• Surya kicked off the previous season with a score of seven against Sri Lanka before notching up
scores of 51 (36) and 112* (51) in the next two T20Is.
• The top-ranked batter showcased his consistency by regularly scoring in the 20s to 40s for India.
• He also smashed half-centuries against Australia (80 off 42 balls) and South Africa (56 from 36
balls).
• In the final T20I of the year at Johannesburg, India's stand-in skipper registered a stunning
century off 56 balls against South Africa.
Atul Mehra quit JM Financial Services, to join Axis Capital as MD & CEO
• Investment banker Atul Mehra has resigned from his position as joint managing director at JM
Financial Services after a 33-year tenure in the group, the company stated.
• He is set to join Axis Capital as managing director and chief executive, a position that has been
vacant since December 2018, when Dharmesh Mehta resigned to establish his investment bank,
stated people with knowledge of the matter.
• At Axis Capital, Mehra will be responsible for overseeing equity capital markets, business
operations, mergers and acquisitions, securities markets, research, institutional equities, loan
syndication and other related business activities, stated the people.
• They stated the role of interim managing director Salil Pitale, who has been in the position since
Mehta’s resignation in 2018, after Mehra takes charge, is not yet clear.
• Last month, JM Financial Services brought in Chirag Negandhi of Axis Capital as a senior
management executive.
• Negandhi was a joint managing director and co-CEO at Axis Capital, where he spent nearly 14
years.
• In the Indian equity capital market league table for 2023, JM Financial Services was ranked sixth,
up from 11th in 2022.
• Conversely, Axis Capital fell to the ninth position from eighth during this period.
.
Former Manchester City Chief Omar Berrada Named New Man United CEO
• Manchester United appointed Omar Berrada as its new chief executive officer, the club stated in
a statement.
• Berrada's start date will be confirmed in due course, while Patrick Stewart will continue as interim
CEO.
• Berrada, regarded as one of the most experienced executives in European football, currently
holds the position of Director of Football Operations at City Football Group, where he oversees
11 clubs across five continents.
• He previously held senior positions at Barcelona.
• United, who currently sits seventh in the Premier League table, bolstered its squad in the
summer transfer window, with new signings including Rasmus Hojlund from Atalanta, Mason
Mount from Chelsea and Andre Onana from Inter Milan.
• In addition, British billionaire Jim Ratcliffe acquired a minority stake last year, signaling a new
beginning in the club's turnaround plan.
CM Revanth Reddy Appoints Key Advisors, Including Vemu Narender Reddy, Md Ali Shabbir
• Chief Minister A. Revanth Reddy appointed his confidant Vemu Narender Reddy as adviser
(public affairs) to the Chief Minister.
• Revanth Reddy appointed veteran Congress leaders Md Ali Shabbir as government adviser,
welfare of Backward Classes, Scheduled Castes, Tribes and minorities communities, Dr Mallu
Ravi as special representative of Telangana state in national capital and Harkara Venugopal Rao
as adviser to government (protocol and public relations).
• The appointments came as a shocker to Shabbir Ali and Ravi who were among the Congress
leaders who had embraced Revanth Reddy in his early days in the party and had backed his
candidature for the PCC.
Zaka Ashraf resigns as PCB Chairman
• Zaka Ashraf, the chairman of the Pakistan Cricket Board (PCB), has stepped down.
• He announced his decision to resign after chairing a managing committee meeting in Lahore.
.
• Ashraf, who headed the PCB in 2011-13 period, had replaced Najam Sethi at the helm in July
after a change in the political coalition ruling the country.
• In November last year, he was given a three-month extension to keep heading the PCB's
Management Committee.
• Many reasons are being attributed to Ashraf's sudden exit, one of them being his educational
qualification. He apparently is not a graduate.
• Before stepping down, he listed out his achievements, including a visit by the Board of Control for
Cricket in India (BCCI) team.
• The PCB statement highlighted the visit of the Roger Binny-led BCCI side, which crossed the
border during the Asia Cup in August.
CURRENT AFFAIRS: SUMMITS AND CONFERENCES

The 19th NAM Summit Begins in Uganda’s Kampala
● The two-day 19th Non-Aligned Movement (NAM) Summit to begin in Uganda’s Kampala.
● External Affairs Minister, Dr. S. Jaishankar is leading the Indian delegation.
● Minister of State for External Affairs, Shri V. Muraleedharan will represent India at the G-77
Third South Summit.
● G-77 Third South Summit will be held in Kampala on 21-22 January.
● Uganda is chairing the Non-Aligned Movement on behalf of Africa for the period 2022 to 2025.
● The concept of NAM emerged in the backdrop of World War II.
● The leaders of Yugoslavia, Egypt, India, Ghana and Indonesia agreed on the principles at the
Bandung Conference in 1955.
● The first conference was held in Belgrade in 1961.
About Uganda
● Capital: Kampala
● Currency: Ugandan Shilling
● Prime minister: Robinah Nabbanja
● President: Yoweri Museveni
MOUS AND AGREEMENT

REC Limited signs MoU with Rail Vikas Nigam Limited, to Finance Multi-Modal Infrastructure Projects
up to Rs. 35,000 crores over next 5 Years
.
● REC Limited has entered into an MoU with Rail Vikas Nigam Limited (RVNL) to finance up to Rs.
35,000 Crores for Infrastructure Projects to be executed by RVNL over the next 5 years.
● These projects constitute multi-modal logistics hub projects, rail infrastructure projects, road, port,
and metro projects where RVNL has forayed into.
● Director (Finance), REC, Shri Ajoy Choudhury and Director (Operations), RVNL, Shri Rajesh Prasad
signed the MoU in the presence of Shri V.K Dewangan, CMD, REC; Shri Sanjeeb Kumar, Director
(Finance), RVNL; Smt. Anupam Ban, DPE, RVNL and other senior officials from REC and RVNL.
● REC Limited, a Maharatna CPSE established in 1969, under the Ministry of Power, provides long-
term loans and other finance products for the Power-Infrastructure sector comprising Generation,
Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery
Storage and Green Hydrogen.
REC Limited and Bank of Baroda join hands to finance Power, Infrastructure and Logistics Projects
• REC Limited has signed a Memorandum of Understanding (MoU) with Bank of Baroda in order to
facilitate joint sanctions of loans to fund power, infrastructure and logistics projects in the country
over the next three years.
• Recognizing the pressing need to fortify these critical domains, REC Limited and Bank of Baroda
unite with a shared vision of advancing sustainable growth and bolstering the nation's
infrastructural backbone.
• By pooling resources and expertise, both entities endeavor to champion initiatives that will
invigorate economic development and enhance accessibility to essential services nationwide.
Ministry of Defence signs contracts worth Rs 802 Crores for procurement of military equipment
• Ministry of Defence inked two contracts for procurement of Qty-697 Bogie Open Military (BOM)
Wagons for 473 Cr with M/s Jupiter Wagons Limited and procurement of Qty-56 Mechanical
Minefield Marking Equipment (MMME) Mark II at 329 Cr with M/s BEML Ltd, under Buy (Indian-
IDDM) category in New Delhi.
• The BOM Wagons and MMME will be produced with equipment and sub-systems sourced from
indigenous manufacturers, giving a boost to the indigenous manufacturing and participation of
the private sector in defence production, realizing the vision of Atmanirbhar Bharat.
• Bogie Open Military (BOM) wagons, designed by Research Design and Standard Organization
(RDSO) are specialist wagons used by the Indian Army for mobilization of the Army units.
Reliance, Disney ink non-binding agreement for mega-merger
.
• Reliance Industries Ltd (RIL) and Walt Disney Co signed a non-binding term sheet in London to
move ahead with plans to create India’s largest media and entertainment business, said people
with knowledge of the matter.
• The 51:49 stock-and-cash merger in favour of the Mukesh Ambani-led group is expected to get
finalised to complete all commercial ratifications and regulatory approvals by February, even
though RIL is keen to wrap it up by January end.
• The plan, as of now, is to create a step-down subsidiary of RIL’s Viacom18, which will absorb
Star India via a stock swap, said the people cited above.
• Reliance is pitching to be the larger shareholder with at least 51% in the merged company with
Disney owning the residual 49%.
Coal India Ltd Enters into MoU with National Skill Development Corporation to set up Multi Skill
Development Institutes under each Subsidiary
• Coal India Limited (CIL) has entered into a MoU with National Skill Development Corporation
(NSDC) for "Setting up of Multi Skill Development Institutes (MSDIs)”.
• The MoU was signed in the presence of Ms. Rupinder Brar, Additional Secretary, Ministry of Coal,
Sh. Vinay Ranjan, Director (P&IR), Coal India Limited and Sh. Manoj Kumar, CMD, EdCIL (India)
Ltd. along with Directors (Personnel) from CIL’s subsidiaries and dignitaries from Ministry of Coal
and other Coal Companies.
• As agreed in the MoU, one MSDI will be set up in each subsidiary with CCL, BCCL, MCL, NCL &
SECL covered in the first phase, and the remaining subsidiaries in the second phase.
• The existing infrastructure available at CIL subsidiaries will be developed as MSDIs.
• The project will cover one-time capex for repurposing of existing infrastructure as MSDIs and
Recurring & Project Monitoring Unit (PMU) expenses per year.
Coal India Limited Partners with EdCIL for Educational Transformation in Coal Mining Districts of
Jharkhand
• Coal India Limited (CIL), a Mah aratna PSU is committed to sustainable and socially responsible
practices.
• Under its Corporate Social Responsibility (CSR), CIL actively engages in initiatives to uplift the
education sector and empower the residents of its mining command areas through it.
• As incorporation of ICT (Information and Communication Technology) based learning is being
increasingly adopted as the modern means of pedagogy, CIL has entered into a MoU with EdCIL
(India) Limited for "Digitizing Education in eleven districts of Jharkhand" at New Delhi.
.
• The project will be implemented in 11 districts of Jharkhand within a period of three years.
• The estimated cost of the project is Rs. 27.08 crores.
ArcelorMittal partners with IIT Madras to create Hyperloop facility in TN
• Steel giant ArcelorMittal has partnered with the Indian Institute of Technology, Madras to build
"Asia's first" Hyperloop test track facility.
• The companies, ArcelorMittal and ArcelorMittal Nippon Steel India (AM/NS), are providing
foundational steel materials as well as engineering, design, and project management expertise to
support the construction of Asia's first Hyperloop test track at the 163-acre Discovery campus of IIT
Madras, located at Thaiyur on the outskirts of Chennai.
• ArcelorMittal is collaborating with the IIT Madras's Hyperloop Technology teams -- Avishkar
Hyperloop, a student team, and TuTr Hyperloop, a startup incubated in IIT Madras, for the project.
Coal India partners with EdCIL for education initiative in Jharkhand

• State-owned CIL has entered into an initial pact with EdCIL (India) Ltd for an education initiative in
11 mining districts of Jharkhand.
• EdCIL (India) Ltd is a consultancy and project management firm.
• The initiative is in line with the New Education Policy (NEP) 2020.
• The project will be implemented in 11 districts of Jharkhand within a period of three years.
• The estimated cost of the project is Rs 27.08 crore.
signed between Indian Railways and CII to promote and facilitate green initiatives
• Indian Railways has signed an MoU with Confederation of Indian Industry (CII) to reduce energy
and water consumption lowering GHG emissions.
• IR and CII have renewed their MoU for third consecutive term.
• Indian Railways, as a major stakeholder of the transportation sector in India shared the
responsibility of environment protection.
• IR, itself has set “Net Zero Carbon Emission” target by the year 2030.
• CII has been actively partnering with IR since July 2016 to promote and facilitate green initiatives
over Indian Railways.
NHPC and Gujarat govt sign MoU for ₹4,000 crore Investment in Kuppa Hydro project
• NHPC has signed an MoU with Gujarat Power Corporation Limited, Government of Gujarat for
investment in the proposed 750 MW Kuppa Pumped Hydro Storage Project.
.
• As per the MoU, NHPC will invest an estimated Rs. 4000 crores in the proposed project, situated
at Chhota Udaipur, Gujarat.
• NHPC and the Government of Gujarat plan to develop and utilize pumped hydro storage projects
as an effective solution for energy storage.
• The MoU aims to contribute towards the national objective of clean and green energy, i.e.
attainment of 500 GW of renewable energy capacity by 2030 and a “Net Zero” target by 2070.
India, UAE Seal Four MOUs at Gujarat Summit
• At the Vibrant Gujarat Global Summit, India exchanged four MOUs with the UAE.
• Addressing the media at Mahatma Mandir in Gandhinagar, Secretary of the Ministry of External
Affairs Vinay Mohan Kwatra, the MoUs are related to Investment cooperation in innovative
healthcare, renewable energy, food parks and logistics cooperation.
• Totally 35 countries have participated in the Vibrant Gujarat Global Summit as partner countries.
• Mr Kwatra also told the media that India and the Czech Republic agreed to build a strategic
partnership in fields such as research and technology at the Summit.
NTPC Green Energy Ltd. signs MoUs with GSPC and GPPL during Vibrant Gujarat Global Summit
• NTPC Green Energy Ltd (NGEL) has entered into MoUs with Gujarat State Petroleum
Corporation Ltd. (GSPC) and Gujarat Pipavav Port Ltd. (GPPL) during the three-day Vibrant
Gujarat Global Summit 2024, being held in Gandhinagar.
• The MoU with Gujarat State Petroleum Corporation Ltd. aims for the blending of Green Hydrogen
in the gas networks of GSPC and the promotion of Green Hydrogen mobility by setting up Green
Hydrogen fuelling stations in Gujarat.
• The MoU was exchanged between CMD, NTPC, Shri Gurdeep Singh and MD, GSPC, Shri Milind
Torawane; in the presence of Chief Minister of Gujarat Shri
Bhupendrabhai Patel; Minister of Finance, Energy & Petrochemicals, Government of Gujarat,
Shri Kanubhai Desai; Member, NITI Aayog, Dr. V. K. Saraswat and other senior officials and
international delegates.
• The MoU with Gujarat Pipavav Port Ltd. aims to develop a green hydrogen ecosystem including
production of green ammonia for export and the domestic market, at the land provided by GPPL.
India Post Payments Bank enter into MoU with Hindustan Zinc to offer financial inclusion services to its
CSR beneficiaries
• India Post Payments Bank (IPPB) & and Hindustan Zinc Limited (HZL – a subsidiary of Vedanta
Group) join forces to pioneer inclusive financial solutions.
.
• The collaboration will ensure in creating a lasting impact on the lives of community beneficiaries
around Hindustan Zinc’s operational areas.
• The MoU between IPPB & HZL was signed by Shri Gursharan Rai Bansal – Chief Sales &
Marketing Officer, IPPB and Shri Arun Misra – CEO, of Hindustan Zinc Joining hands with
Hindustan Zinc Ltd.
About India Post Payments Bank
• India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of
Communication with 100% equity owned by Government of India.
• The IPPB was launched on September 1, 2018.
• The bank has been set up with the vision to build the most accessible, affordable and trusted bank
for the common man in India.
• The fundamental mandate of India Post Payments Bank is to remove barriers for the unbanked &
underbanked and reach the last mile leveraging the Postal network comprising ~1,65,000 Post
Offices (~140,000 in rural areas) and ~3,00,000 Postal employees.
About Hindustan Zinc
• Hindustan Zinc, a Vedanta Group company in Zinc-Lead and Silver business is world’s 2nd largest
integrated Zinc producer and 5th largest Silver producer.
• The company governs about 80% of the growing Zinc market in India with its headquarters at
Udaipur along with Zinc-Lead mines and smelting complexes spread across the state of Rajasthan.
South Korean firm Simmtech signs MoU worth Rs1,250 crore for creating semiconductor ecosystem in
Gujarat
• Union Minister for Electronics and Information Technology Ashwini Vaishnav revealed this during
a seminar, part of ongoing Vibrant Gujarat Global Summit in Gandhinagar.
• The South Korean firm Simmtech has signed an MoU with the state government to set up its plan
close to Micron in Sanand near Ahmedabad city.
• Vaishnav stated that the company deals in manufacturing semiconductor substrates, the
supporting material upon which elements of a semiconductor device are fabricated.
• He stated that the South Korean firm has been allotted 30 acres of land and the work will start in
the next two-three months.
India Signs Agreement for Lithium Exploration & Mining Project in Argentina
● Ministry of Mines, Government of India has achieved a significant milestone with the signing of
.
an agreement between Khanij Bidesh India Limited (KABIL) and the state-owned enterprise of
Catamarca province of Argentina CATAMARCA MINERA Y ENERGÉTICA SOCIEDAD DEL
ESTADO (CAMYE N SE) at Catamarca, Argentina.
● This is the first ever lithium exploration and mining project by a Government Company of
India.
● KABIL will start exploration and development of 5 lithium brine blocks viz 1.
● Cortadera-I, 2. Cortadera-VII, 3. Cortadera-VIII, 4. Cateo-2022-01810132 and 5.
● KABIL is also preparing to set up a branch office at Catamarca, Argentina.
● The project cost is about 200 crores.
● Argentina is the part of “Lithium Triangle” along with Chile and Bolivia with more than half of
world’s total lithium resources and having the distinction of having 2nd largest lithium
resources, 3rd largest lithium reserves and 4th largest production in world.
● Khanij Bidesh India Limited (KABIL), is a joint venture between NALCO, Hindustan Copper,
and Mineral Exploration.
IREDA, the Indian Renewable Energy Development Agency, has partnered with the Indian Overseas
Bank to co-lend for Renewable Energy Projects.
● The Indian Renewable Energy Development Agency Ltd. (IREDA) and the Indian Overseas
Bank (IOB) have signed a Memorandum of Understanding (MoU) to work together in co-
lending and loan syndication for various Renewable Energy projects across India.
● The collaboration will cover a wide range of projects in the sector.
● Encompassing a range of services, the MoU includes provisions for co-lending and co-
origination support for all Renewable Energy projects.
● The partnership aims to streamline loan syndication and underwriting processes, management
of Trust and Retention Account (TRA) for IREDA borrowers, and work towards fixed interest
rates over a 3–4-year period for IREDA borrowings.
● The agreement was inked at IREDA’s Business Centre in New Delhi by General Manager,
IREDA, Dr. R. C. Sharma and Chief Regional Manager, IOB, Shri Anil Kumar in the presence
of Chairman & Managing Director of IREDA, Shri Pradip Kumar Das; MD & CEO of IOB, Shri
Ajay Kumar Srivastava; and Director (Finance), IREDA, Dr. Bijay Kumar Mohanty.
● This collaboration builds upon IREDA’s successful partnerships with other prominent financial
institutions, including Bank of Baroda, Bank of India, Union Bank of India, India Infrastructure
Finance Company Limited and Bank of Maharashtra.
.
● These MoUs similarly focus on co-lending and loan syndication for a wide range of Renewable
Energy projects across the country.
India and Cuba have signed a Memorandum of Understanding for cooperation in sharing successful
digital solutions implemented for digital transformation at a population scale.
● An MoU has been signed between Ministry of Electronics and Information Technology of the
Republic Of India and the Ministry of Communications of the Republic of Cuba on Cooperation
in the field of Sharing Successful Digital Solutions Implemented at the Population Scale for
Digital Transformation
● The signatories were Shri S Krishnan, Secretary, MeitY from India’s side and E. Mr. Wilfredo
Gonzalez Vidal, First Deputy Minister of Communications, from Cuba’s side.
● The MoU intends to promote digital transformation (viz. INDIA STACK) through capacity-
building programs, exchange of best practices and other collaborative activities to mutually
benefit the digital ecosystems of both countries.
● India will collaborate with Cuba by building upon development partnership on digital
transformation leading to a smooth adoption of Digital Public Infrastructure in Cuba.
About Cuba
● Capital: Havana
● Currency: Cuban Peso
● Prime minister: Manuel Marrero Cruz
NGEL signs MoU with Government of Maharashtra for development of Green Hydrogen Projects
• NTPC Green Energy Limited (NGEL) has signed a Memorandum of Understanding (MoU) with the
Government of Maharashtra for development of Green Hydrogen and derivatives (Green Ammonia,
Green Methanol) of up to 1 million Ton capacity per annum, including Pumped Storage Projects of 2
GW and development of renewable energy projects with or without storage up to 5 GW in the state.
• The MoU has been signed as a part of the Government of Maharashtra’s Green Investment Plan for
the next five years.
• The agreement envisages a potential investment of approximately ₹ 80, 000 crores.
• The MoU was exchanged between Chief Executive Officer, NGEL, Shri Mohit Bhargava and Deputy
Secretary (Energy), Government of Maharashtra, Shri Narayan Karad in the presence of Chief
.
Minister of Maharashtra Shri Eknath Shinde, Deputy Chief Minister of Maharashtra, Shri Devendra
Fadnavis and other senior officials.
• NTPC is in the path of building renewable energy capacity of 60 GW by 2032.
About NGEL:
• NGEL is a wholly-owned subsidiary of NTPC and aims to be the flag bearer of NTPCs Renewable
Energy journey with an operational capacity of over 3.4 GW and 26 GW in pipeline including 7 GW
under implementation.
Reliance Jio, OnePlus join hands to set up 5G innovation lab in India
• Telecom major Reliance Jio and Chinese smartphone company OnePlus have joined hands to set
up a 5G innovation lab in India.
• The alliance between OnePlus and Jio aims to provide OnePlus and Jio True 5G users differentiated
features and an unparalleled network experience.
• The lab will serve as a hub for testing and developing new technologies.
• Reliance Jio leads the India market in terms of 5G coverage.
Madhya Pradesh and Rajasthan states signed a Memorandum of Understanding (MoU) with the
Government of India regarding the Modified Parbati-Kalisindh-Chambal-ERCP (PKC-ERCP) Link
Project.
• The Government of India has achieved another milestone in the water management sector,
particularly in the interlinking of rivers (ILR) program And this is a significant moment for the people
of Rajasthan and Madhya Pradesh, as both states signed an MoU with the Ministry of Jal Shakti
(MoJS), Government of India (GoI) in New Delhi.
• The MoU is for the implementation of the “Modified PKC-ERCP” which integrates the original PKC
with the Eastern Rajasthan Canal Project of Rajasthan.
• This is the second project under the national perspective plan of the ILR program.
• The MoU was signed by Dr. Rajesh Kumar Rajora, ACS, WRD, Govt. of MP, Sh. Abhay Kumar,
ACS, WRD, Govt. of Rajasthan and Smt. Debashree Mukherjee, Secretary, DoWR,RD&GR, MoJS,
GoI on broad planning of the Parbati-Kalisindh-Chambal (PKC) link duly integrated with Eastern
Rajasthan Canal Project (ERCP) and preparation of its DPR.
• The Union Minister of Jal Shakti, Sh. Gajendra Singh Shekhawat, Sh. Mohan Yadav, Hon’ble Chief
Minister of Madhya Pradesh and Sh. Bhajan Lal Sharma, Hon’ble Chief Minister of Rajasthan graced
the occasion.
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• Sh. Shriram Vedire, Chairman of the Task Force on Interlinking of Rivers and other officials of MoJS
and states of Madhya Pradesh and Rajasthan were present on the occasion.
• The Feasibility Report (FR) of Parbati-Kalisindh-Chambal (PKC) link project under National
Perspective Plan (NPP) was prepared and circulated to the concerned State Governments in
February-2004.
• In the year 2019, Rajasthan came up with the proposal of ERCP. With a view to utilize the water
resources optimally, the integration of the Parbati-Kalisindh-Chambal (PKC) link of NPP with Eastern
Rajasthan Canal Project (ERCP) was discussed in 11th and 12th meetings of the Task Force for
Interlinking of Rivers (TFILR) in year 2019.
Ministry of Rural Development and Lady Irwin College renews MoU
• Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM), Ministry of Rural
Development (MoRD), and Lady Irwin College, University of Delhi, have renewed a Memorandum of
Understanding (MoU).
• During the five-year term of MoU, MoRD will work with ROSHNI – Centre of Women Collectives led
Social Action (CWCSA), to strengthen interventions for better results of Food, Nutrition, Health and
WASH (FNHW) for rural communities.
• Director of Lady Irwin College is the Chairperson of ROSHNI-CWCSA.
• This initiative will enhance capacity building of community resource persons (CRP) for FNHW and
gender interventions.”
• ROSHNI-CWCSA is supported by UNICEF India technically and financially
ROSHNI assists DAY-NRLM to improve food, nutrition, health, and WASH (FNHW) outcomes for 9.96
crore Self Help Group (SHG) members and their households across the country.
REC Limited and National Investment and Infrastructure Fund Limited to fund renewable and
infrastructure projects together.
• REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a
leading NBFC, has signed a Memorandum of Understanding (MoU) with the National Investment
and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for Renewable
Energy Projects as well as large-scale infrastructure projects in India.
• The MoU was signed by Executive Director (Finance), REC, Shri Daljeet Singh Khatri and Executive
Director & Chief Strategy Officer, NIIFL, Shri Prasad Gadkari, in the presence of CMD, REC, Sh.
Vivek Kumar Dewangan and CEO and MD, NIIFL, Shri Rajiv Dhar.
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About REC Limited

• REC is a 'Maharatna' CPSE under the Ministry of Power, and is registered with RBI as Non-Banking
Finance Company (NBFC), and Infrastructure Financing Company (IFC).
SJVN inks pact to provide technical consultancy services to NHAI

• State-owned power producer SJVN has signed an agreement with NHAI to provide technical
consultancy services for highway projects.
• The primary focus of this MoU is to utilise the expertise of SJVN in Technical Consultancy Services.
• This consultancy service will be initially provided for a period of 24 months by SJVN to NHAI.
About SJVN
• SJVN, formerly known as Satluj Jal Vidyut Nigam, is an Indian public sector undertaking involved in
hydroelectric power generation and transmission.
• It was incorporated in 1988.
• It a joint venture between the Government of India and the Government of Himachal Pradesh.
The CSIR-Human Resource Development Centre has signed Memorandums of Understanding (MoUs)
with four Sector Skill Councils.
• The CSIR-Human Resource Development Centre (CSIR-HRDC), Ghaziabad (UP) signed a
collaborative Memorandum of Understanding (MoU) with M/s Agriculture Skill Council of India
(ASCI), Capital Goods & Strategic Skill Council (CGSSC), Hydrocarbon Sector Skill Council (HSSC)
and Life Sciences Sector Skill Development Council (LSSSDC).
• The MoU envisages to create an enabling environment for CSIR and Indian industry.
• CSIR launched a national-level unique Program “CSIR Integrated Skill Initiative” in 2016 to equip
young minds with the necessary technological skills through exposure to CSIR laboratories and
address the critical needs for the technical gap created by the enormous usage of advanced
technology.
• Beneficiaries from this initiative include school dropouts, farmers, ITI diploma holders, graduates and
doctorates.
• CSIR has so far trained over 1.50 lakh individuals, under this Initiative, through 4500+ skill-based
trainings, including special programs for rural citizens and women.
• Under this programme, Biological, Chemical, Engineering, Information and Physical Sciences of
broad scientific clusters of CSIR are covered.
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• CSIR-Human Resource Development Centre (HRDC), Ghaziabad (UP), the centralised training unit
of CSIR and the Nodal Office of Skill initiative, has been playing a significant role by periodically
reviewing, monitoring and evaluating the performance of the Initiative.
SCIENCE & TECHNOLOGY

Pakistan conducts successful flight test of indigenously developed rocket system Fatah-II
• Pakistan has successfully conducted the flight test of the indigenously developed rocket system
known as Fatah-II.
• Fatah-II is a guided multi-launch rocket system developed by Pakistan.
• Fatah-II is capable of hitting targets with high precision up to a range of 400 kilometres.
About Pakistan:
• Capital: Islamabad
• Currency: Rupee
• President: Arif Alvi
NASA Reinitiates Spacecraft Mission to Study 'God of Chaos' Asteroid Apophis
● The National Aeronautics and Space Administration (NASA) has relaunched the OSIRIS-REx
spacecraft to intercept the 'God of Chaos' asteroid Apophis as it approaches Earth's orbit.
● The OSIRIS-REx spacecraft has returned from deep space after collecting samples from the
space rock Bennu.
● The spacecraft has been renamed OSIRIS-APEX (Origin, Spectral Interpretation, Resource
Identification, and Security–Apophis Explorer).
● OSIRIS-APEX is now tasked with studying the asteroid Apophis, which is expected to have a
close pass by Earth in 2029.
● Apophis is known as the "God of Chaos" and is anticipated to fly by Earth on April 13, 2029, at a
distance of about 20,000 miles.
India’s ISRO to use Elon Musk’s SpaceX Falcon-9 rocket to launch GSAT-20 satellite
• For the first time, the commercial arm of the Indian Space Research Organisation (ISRO) will
launch a communication satellite on a SpaceX rocket.
• Using SpaceX's services for the first time, ISRO will deploy its heavy communications satellite
GSAT-20 via the Falcon-9 rocket in mid-2024.
• This will be India's first partnership with a venture led by billionaire Elon Musk who also wants to
expand his other businesses in the country.
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• GSAT-20 (renamed as GSAT-N2) is a high throughput Ka-band satellite.

• Ka-band satellites deliver high-speed broadband internet connectivity and digital video and audio
transmission.
About ISRO :
• Established: 15 August 1969
• Headquarters: Bangalore, Karnataka, India
• Chairman: S. Somanath
Researchers develop ‘electronic soil’ that enhances crop growth by 50%

• Scientists have developed an electrically conductive "soil" named eSoil, leading to a 50% increase
in barley seedling growth in 15 days.
• This soilless cultivation method, known as hydroponics, uses a root system that is stimulated
electrically through a new cultivation substrate.
• The team developed an electrically conductive cultivation substrate, tailored to hydroponic
cultivation, that they call eSoil.
• The eSoil is made of cellulose.
• It is a biopolymer mixed with a conductive polymer called PEDOT.
Ammonia gas leak in Chennai's Ennore

• Ammonia gas leaked from a fertiliser manufacturing unit in Ennore, north Chennai.
• Residents experienced shortness of breath and nausea due to the gas leak.
• More than 50 people were kept under observation in hospitals as a result of the gas leak.
• The gas leak was plugged in by specialists within 20 minutes.
• Ammonia (NH3) is a pungent gas composed of nitrogen and hydrogen.
• It is a poisonous gas with a familiar noxious odour.
Israel Approves $3.2 Billion Grant to Intel for Construction of $25 Billion Chip Plant
• Israel's government agreed to give Intel Corp a $3.2 billion grant for a new $25 billion chip plant it
plans to build in southern Israel.
• The chip plant will be an expansion of Intel's existing Kiryat Gat site.
• The $3.2 billion grant constitutes 12.8% of the total investment in the new chip plant.
• Intel has committed to purchasing $16.6 billion (60 billion shekels) worth of goods and services
from Israeli suppliers over the next decade.
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• The new facility is expected to generate several thousand jobs in the region.
• The new plant is due to open in 2027 and operate through 2035.
About Israel :
• President : Isaac Herzog
• Prime Minister : Benjamin Netanyahu
• Capital : Jerusalem
• Currency : New shekel
ISRO's Vikram Sarabhai Space Centre Unveils 'FEAST' Analysis Software for Indian Academia and
Industries
• The Vikram Sarabhai Space Centre (VSSC) of the Indian space agency Indian Space Research
Organisation (ISRO) has developed an analysis software 'FEAST' for Indian academia and
industries.
• Purpose of FEAST Software : FEAST is designed for use in performing Finite Element Analysis
(FEA) of various structures, including rockets, aircraft, satellites, buildings, etc.
• Functionality of FEAST : The software predicts how a component or structure reacts to real-world
forces such as structural loads, thermal conditions, and other physical effects.
About ISRO :
AstroSat Identifies Rapid X-ray Bursts from Neutron Star with High Magnetic Field
• AstroSat, India’s first multi-wavelength space-based observatory, has detected bright sub-second
X-ray bursts from a new and unique neutron star with an ultrahigh magnetic field (magnetar).
• Magnetars are neutron stars having an ultrahigh magnetic field that are much stronger than the
terrestrial magnetic field.
• The field is about 1,000 times stronger than a normal neutron star and about a trillion times
stronger than the Earth’s.
• Apart from ultra-powerful magnetic fields, magnetars also release vast amounts of energy in the
form of flares, X-rays, and gamma-ray bursts.
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Reliance Jio and IIT-Bombay Collaborate to Develop 'BharatGPT' AI for India

• Reliance Jio Infocomm, an Indian telecom operator in India, is set to launch a groundbreaking
initiative in collaboration with the Indian Institute of Technology (IIT) Bombay — the 'Bharat GPT'
program.
• Announced by Akash Ambani, the chairman of Reliance Jio, this program aims to leverage the
power of large language models and generative artificial intelligence (GPT) to transform various
sectors in the country.
• The Bharat GPT program is part of Jio's broader vision, known as "Jio 2.0". Its main aim is to
create a comprehensive ecosystem of development.
Tata Motors introduces 1st pure Electric Vehicle architecture called 'acti.ev'
• Tata Motors introduced the first pure electric vehicle (EV) architecture called ‘acti.ev’, which will
underpin its future portfolio of EVs such as Punch, Sierra, Harrier and Curvv.
• Punch.ev will be the first product based on this pure electric architecture, which will spawn a slew
of vehicles with multiple body styles and sizes.
• The ‘acti.ev’ architecture will be different from the electrified modular architecture (EMA) that Tata
Motors will be sourcing from Jaguar Land Rover (JLR) for the development of ‘Avinya’ range of
cars.
• Tata Motors' EV arm signed a licensing pact with JLR in November 2022 for the electrified
modular architecture (EMA).
ISRO Conducts Successful Test of Fuel Cell for Potential Application in Space Missions
• The Indian Space Research Organisation (ISRO) has successfully demonstrated a fuel cell that
utilises hydrogen and oxygen to generate electricity, producing heat and water as byproducts.
• A fuel cell is a device that generates electricity from fuel and air through electrochemical reactions,
without combustion, thus avoiding pollutants associated with high flame temperatures
• The fuel cell, sent to space on the fourth stage of the PSLV on January 1, generated 180W of
power during a short-duration test.
• ISRO Chairperson S Somanath mentioned that the fuel cell, designed by the Vikram Sarabhai
Space Centre (VSSC), serves as a precursor to future power systems for space stations.
About ISRO :
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SpaceX's Falcon 9 Successfully Launches First Batch of Starlink Satellites Capable of Beaming Phone
Signals from Space
• Elon Musk’s SpaceX launched its first batch of Starlink satellites with direct-to-cell capability
aboard the Falcon 9 spacecraft.
• A total of 21 Starlink satellites were sent into low-Earth orbit from Space Launch Complex 4 East
(SLC-4E) at Vandenberg Space Force Base in California.
• The mission incorporated the deployment of the initial six Starlink satellites equipped with Direct-
to-Cell capabilities.
• They have advanced modems onboard, known as eNodeBs.
About SpaceX :
• Founded : March 14, 2002
• Headquarters : Hawthorne, California, United States
• CEO & Chairman : Elon Musk
• SpaceX, is an American spacecraft manufacturer, launch service provider and satellite
communications company.
IISc Bengaluru comes up with warm vaccine against current strains of SARS-CoV-2
• Researchers at the Indian Institute of Science (IISc) have created a COVID-19 vaccine that can
remain stable in high temperatures, and is reportedly capable of combating all existing strains of
SARS-CoV-2
• The vaccine, called RS2, a hybrid synthetic antigen, is made using two key parts of the SARS-
CoV-2’s spike protein – the S2 subunit and the Receptor Binding Domain (RBD).
• According to IISC, the vaccine is capable of preventing infection against all four current COVID
variants of concern, Alpha, Beta, Gamma and Delta, and their
existing subvariants.
First tests for Indian Space Station expected next year: ISRO chief
● ISRO plans to carry out the first tests of the proposed Bharatiya Space Station next year and
talks are on with the industry to manufacture, test and launch its first module by 2028, the
space agency’s chief S Somanath stated.
● Interacting with reporters on the sidelines of the India International Science Festival, he stated
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India’s first mission to Venus is also likely to be launched in 2028 and engineers are working
on bringing down costs on certain high-value components.
● Last year, Prime Minister Narendra Modi set ISRO a target to launch the Bharatiya Space
Station by 2035 and land an Indian astronaut on the moon by 2040.
About ISRO:
● Headquarters: Bengaluru
● Founder: Vikram Sarabhai
● Founded: 15 August 1969
● Chairperson: Somanath
● Owner: Government of India
Japan aims for Lunar success with smart lander mission on January 20
● In a bid to overcome setbacks, Japanis set to attempt a soft landing on the moon’s surface
with the Smart Lander for Investigating Moon early on January 20.
● The country seeks to join the exclusive club of nations achieving a successful soft landingon
the moon.
● The United States, Russia (erstwhile USSR), China, and India have accomplished this feat,
leaving Japan eager to overcome its exclusion.
● Designed to land within 100 meters of its target, SLIM aims to revolutionise lunar exploration.
● JAXA Director Hiroshi Yamakawa envisions the mission enabling precise landings, marking a
new era in lunar exploration.
Historical Rivalry and Recent Challenges
● Japan, having launched its first satellite ahead of China in 1970, has faced challenges in
recent years.
● China’s notable achievements, including a soft landing on the moon’s far side in 2019 and a
Mars landing in 2021, have added pressure on
● Despite past lunar attempts, Japan’s space agency, JAXA, faced setbacks with a lunar lander
in 2022 and a communication failure with a craft in April 2023. Technical challenges, including
the failure of the H3 heavy-lift rocket and an explosion involving the Epsilon rocket, have also
impeded progress.
● Major Japanese corporations, including Toyota and Honda, are now collaborating
with JAXA on lunar projects.
● Success in lunar exploration could strengthen Japan’s position in the evolving “moon
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economy.” Corporate partnerships with entities such as Japan Airlines, Mitsui Sumitomo
Insurance, and Citizen.
Strategic Importance and Security Concerns
● Internationally, Japan aims to enhance its security presence in space.
● The recent addition of spy satellites to Japan’s network aligns with the regional race for space
● In the face of competition, reinforcing space-based surveillance and communication
capabilities is crucial for military purposes.
● As Japan sets its sights on the lunar landing, the mission will be live-streamed on JAXA’s
YouTube channel, providing transparency and engagement with the public. The expected
landing shortly after midnight on January 20 Tokyo time marks a significant moment in
Japan’s space exploration endeavours.
Japan becomes 5th country to land a spacecraft on the moon
● Japan became the 5th country in history to reach the moon when one of its spacecraft
successfully made a soft landing on the lunar surface.
● Japan follows the United States, the Soviet Union, China and India in reaching the moon.
● SLIM landed on the moon at about 12:20 a.m. Tokyo time.
● SLIM, which was aiming to hit a very small target, is a lightweight spacecraft about the size of
a passenger vehicle.
● It was using “pinpoint landing” technology that promises far greater control than any previous
moon landing.
● While most previous probes have used landing zones about 10 kilometers (six miles) wide,
SLIM was aiming at a target of just 100 meters (330 feet).
● A landing of such precision would be a world’s first, and would be crucial technology for a
sustainable, long-term and accurate space probe system, stated Hiroshi Yamakawa, president
of Japan Aerospace Exploration Agency, or JAXA.
About SLIM:
● SLIM, nicknamed “the Moon Sniper,” started its descent at midnight.
● The SLIM, equipped with a pad each on its five legs to cushion impact, was aiming to land
near the Shioli crater, near a region covered in volcanic rock.
● SLIM was launched on a Mitsubishi Heavy H2A rocket in September.
● It initially orbited Earth and entered lunar orbit on Dec. 25.
● SLIM was carrying two small autonomous probes — lunar excursion vehicles LEV-1 and LEV-
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2, which officials say were believed to have been released just before landing.
● LEV-1, equipped with an antenna and a camera, is tasked with recording SLIM’s landing.
● LEV-2, is a ball-shaped rover equipped with two cameras, developed by JAXA together with
Sony, toymaker Tomy and Doshisha University.
INSAT-3DS satellite sent to launch port in Sriharikota
• India is set to enhance its meteorological monitoring capabilities with the launch of INSAT-3DS, an
advanced weather satellite developed by the Indian Space Research Organisation (ISRO).
• Scheduled for a February liftoff aboard the GSLV-F14 rocket, this state-of-the-art satellite will play a
pivotal role in weather forecasting and disaster management.
• The satellite has been sent to the Satish Dhawan Space Centre to be integrated with the rocket for
a launch from Sriharikota.
About INSAT-3DS:
• INSAT-3DS is designed as a successor to the existing in-orbit satellites INSAT-3D and INSAT-3DR,
aiming to provide uninterrupted services and significantly improve the overall capabilities of the
INSAT system.
• INSAT stands for the Indian National Satellite System that provides various services, including
telecommunications, broadcasting, meteorology, and search and rescue operations.
• The INSAT-3DS satellite was recently flagged off to the Satish Dhawan Space Centre (SDSC)
SHAR in Sriharikota on January 25, following the successful completion of assembly, integration,
and testing at the U R Rao Satellite Centre in Bengaluru.
• This mission is a user-funded project in collaboration with the Ministry of Earth Science (MoES),
and it showcases the substantial contributions made by Indian industries in its development.
WHAT WILL INSAT-3DS CARRY TO SPACE?
• Built around ISRO's reliable I-2k bus platform, INSAT-3DS has a lift-off mass of 2,275 kg and is
equipped with cutting-edge payloads for enhanced meteorological observation.
• The satellite's sophisticated instruments include a 6-channel Imager and a 19-channel Sounder,
which are meteorological payloads designed to monitor land and ocean surfaces.
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• These tools will provide critical data for accurate weather forecasting and early warning systems for
natural disasters, thereby bolstering India's preparedness and response strategies.
• Additionally, INSAT-3DS carries communication payloads such as the Data Relay Transponder
(DRT) and the Satellite Aided Search and Rescue (SAS&R) transponder.
• The DRT will receive data from automatic Data Collection Platforms and Automatic Weather
Stations (AWS), enhancing the country's weather forecasting capabilities.
The SAS&R transponder is a vital component for global search and rescue operations, as it is designed
to relay distress signals and alert detections
Aditya L1 update: Isro successfully deploys magnetometer boom in halo orbit

• The Aditya-L1 spacecraft has successfully deployed its 6-meter-long magnetometer boom in
space at Lagrange Point-1.
• The deployment took place on January 11, 2024, while the satellite was stationed in a halo orbit
at the Lagrange point L-1, marking 132 days since the spacecraft's launch.
Magnetometer Boom:
• The magnetometer boom is a critical component of the Aditya-L1 mission, which aims to study
the Sun's chromosphere and corona, as well as the interplanetary magnetic field.
• The boom carries two advanced fluxgate magnetometer sensors that are essential for measuring
the low-intensity magnetic fields in space.
• These sensors are strategically placed at distances of 3 and 6 meters from the main body of the
spacecraft to minimise interference from the spacecraft's own magnetic field.
• The use of dual sensors allows for a more accurate estimation of this influence and helps cancel
out any magnetic effects originating from the spacecraft itself.
Other Highlights:
• Constructed from carbon fiber-reinforced polymer, the boom segments act as interfaces for
sensor mounting and contain the mechanism elements necessary for deployment.
• The boom's design includes an articulated mechanism with five segments connected by spring-
driven hinge mechanisms.
• This allows the boom to fold and deploy in an accordion-like fashion, a process controlled by a
patented Kevlar closed control loop mechanism.
• Once deployed, the hinges lock the segments into their operational configuration.
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• During the launch phase, the boom was held securely in place by two hold-downs, which
transferred the launch loads to the spacecraft body.
• To initiate deployment, a thermal cutter-based release system was activated upon command.
• Telemetry data confirmed the successful release of the hold-downs, the initial motion of the
boom, and the locking of all hinges.
• Impressively, the in-orbit deployment time was recorded at approximately 9 seconds, falling
within the predicted range of 8 to 12 seconds.
• All telemetry indications for hinge locking and hold-down release were reported to be within
nominal parameters, indicating a flawless deployment operation.
• This achievement marks a significant step forward for the Aditya-L1 mission, as the fully
deployed magnetometer boom will now enable scientists to gather precise measurements of the
interplanetary magnetic field, furthering our understanding of solar phenomena and their impact
on space weather.
• The success of this deployment demonstrates the advanced capabilities of India's space
technology and its contributions to solar physics research.
North Korea Conducts Test of Underwater Nuclear Weapon System
● North Korea has conducted a test of its underwater nuclear weapons system in a protest against
this week's joint military drills by South Korea, the United States and Japan.
● The test of the "Haeil-5-23" , a name North Korea has given to its nuclear-capable underwater
attack drones, was carried out by the defence ministry's think tank in the waters off its east coast.
● Haeil", which means tsunami, is the new Nuke drone system that was first reportedly tested in
March 2023.
● It was intended to make sneak attacks in enemy waters and destroy naval strike groups and
major operational ports by creating a large radioactive wave through an underwater explosion.
● In Sep 2023, North Korea launched its first operational “tactical nuclear attack
submarine”,Submarine No. 841 – named Hero Kim Kun Ok.
About North Korea :
● Capital : Pyongyang
● Currency : Korean People's won
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Cameroon Takes Lead as 1st Nation to Introduce New Malaria Vaccine for Children
● Cameroon, a Central African Country became the first country to begin immunising children with
malaria vaccine as part of its national immunisation program.
● The country began receiving doses of RTS,S/AS01 (Mosquirix), a vaccine developed by GSK
that has been in the making for more than 30 years, in November.
● The vaccine was part of a pilot program in a handful of other African countries, but is now poised
for a broader rollout across that continent, which bears the world's biggest burden, especially its
children.
● The country's malaria vaccine program, with a four-dose schedule, targets all children who were
6 months or older on December 31, 2023.
● In Africa, there are about 250 million cases of the parasitic disease each year, including 6,00,000
deaths, mostly in young children.
About Cameroon :
● President : Paul Biya
● Prime Minister : Joseph Ngute
● Capital : Yaoundé
● Currency : Central African CFA franc (XAF)
Indian Immunologicals Limited launches 1st indigenously developed Hepatitis A vaccine, 'Havisure'
● Hyderabad-based Indian Immunologicals Ltd (IIL) a wholly owned subsidiary of National Dairy
Development Board (NDDB) and a leading biopharmaceutical company in India launched India’s
first indigenously developed Hepatitis A vaccine ‘Havisure’ in Hyderabad.
● It is a two-dose vaccine-first dose administered at above 12 months of age and the second at
least six months after the first dose.
● The vaccine is recommended for children as part of the routine immunisation as well as for
individuals at risk of exposure or travel to the regions with high hepatitis A prevalence.
● In addition to this people with occupational risk of infection and suffering from chronic liver
diseases also require Hepatitis A vaccination.
About Hepatitis A :
● It is an inflammation of the liver caused by the hepatitis A virus (HAV).
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● The virus is primarily spread when an uninfected (and unvaccinated) person ingests food or
water that is contaminated with the faeces of an infected person.
Types of Hepatitis :
● Hepatitis can be an acute (short-term) infection or a chronic (long-term) infection.
● Different causes, including viral (A, B, C, D, E), alcoholic, toxic, and autoimmune hepatitis.
Types of Viral Hepatitis :
● Common Type: Viral hepatitis caused by hepatitis viruses A, B, C, D, and E.
● Alcoholic hepatitis is caused by heavy alcohol use.
● Toxic hepatitis can be caused by certain poisons, chemicals, medicines, or supplements.
● Autoimmune hepatitis is a chronic type in which your body's immune system attacks your liver.
The cause is not known, but genetics and your environment may play a role.
Other Government Initiatives to tackle Hepatitis :
● National Viral Hepatitis Control Program (NVHCP)
➢ The National Viral Hepatitis Control Program has been launched by the Ministry of Health
and Family Welfare, Government of India on the occasion of World Hepatitis Day, 28th
July 2018.
➢ It is an integrated initiative for the prevention and control of viral hepatitis in India to
achieve Sustainable Development Goal (SDG) 3.3 which aims to end viral hepatitis by
2030.
➢ This is a comprehensive plan covering the entire gamut from Hepatitis A, B, C, D & E, and
the whole range from prevention, detection, and treatment to mapping treatment
outcomes.
● India’s Universal Immunization Programme (UIP):
➢ In this Programme Hepatitis B is included under India’s UIP which provides free of cost
vaccination.
● In Nov 2023, Indian Immunologicals Limited (IIL) launched the Mabella (Measles and Rubella)
vaccine for children, a significant achievement in exclusive partnership with Polyvac Institute,
Vietnam.
Iran successfully launches Sorayya satellite in orbit

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● Iran has achieved a significant milestone in its space program with the successful launch and
operation of its domestically-developed satellite, Soraya.
● The Soraya, which was launched into orbit approximately 750 kilometres above Earth’s surface,
has transmitted its first signal back to Earth.
● The launch was part of Iran’s Revolutionary Guards’ space programme alongside Iran’s civilian
space programme.
● The U.S. intelligence community’s 2023 worldwide threat assessment stated that the
development of satellite launch vehicles “shortens the timeline” for Iran to develop an
intercontinental ballistic missile because it uses similar technology.
● The satellite is built by the elite military revolutionary guards.
About Soraya satellite :
● The Soraya satellite, weighing 47 kilograms and designed for research and telecommunication
purposes, has an expected lifespan of three years.
● It was launched using the Qaem-100, a three-stage solid-fuel launch vehicle developed by the
Aerospace Division of Iran’s Islamic Revolutionary Guard Corps (IRGC).
● The Soraya satellite was manufactured by the Iranian Space Research Center.
● In December,2023 Iran sent a capsule into orbit capable of carrying animals as it prepares for
human missions in the coming years.
About Iran :
● President : Ebrahim Raisi
● Capital : Tehran
● Currency : Iranian rial
NISAR Mission on track for early 2024 launch, says JPL official
• The NASA-ISRO Synthetic Aperture Radar (NISAR) mission, designed to observe natural
processes and changes in earth’s complex ecosystems, is on track for an “early 2024” launch, a
senior official at NASA’s Jet Propulsion Laboratory (JPL) stated.
• This groundbreaking collaboration between the American and Indian space agencies promises
to shed unprecedented light on our planet’s dynamic processes and the intricate ecosystems
that sustain us.
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• NISAR boasts a cutting-edge radar system that will peer through clouds and darkness, providing
a continuous global view of Earth’s land, ice, and ocean surfaces.
• Its dual-frequency radar technology will reveal details invisible to the naked eye, allowing
scientists to track subtle changes in Earth’s systems with remarkable precision. The mission’s
scope is vast and ambitious. NISAR will monitor a multitude of phenomena, including:
• Landmass movements: Detecting earthquakes, volcanic eruptions, and landslides before they strike.
• Melting ice sheets and glaciers: Understanding the impact of climate change on Earth’s cryosphere.
• Shifting ecosystems: Monitoring deforestation, agricultural practices, and changes in vegetation
cover.
• Natural disasters: Tracking hurricanes, floods, and other extreme weather events.
• Coastal erosion: Studying the dynamics of shorelines and predicting coastal hazards.
• NISAR is a testament to the power of international collaboration in advancing scientific
discovery.
• The joint efforts of NASA and ISRO have brought together expertise, resources, and
technologies to create a mission with the potential to transform our understanding of Earth.
AIIMS and IIT-Delhi collaborate to develop cost-free tracheoesophageal prosthesis, paving the way for
speech restoration in throat cancer patients
• In a noteworthy collaboration between the Department of Ear, Nose, and Throat (ENT) at Delhi-
AIIMS and IIT-Delhi, a notable milestone has been reached with the creation of a valve,
commonly referred to as a tracheoesophageal prosthesis.
• This cutting-edge device is designed to enhance speech restoration for individuals who have
undergone voice box removal following throat cancer.
• This development is particularly noteworthy for economically disadvantaged patients, as the
valve provides major relief by being available free of charge at AIIMS.
• In contrast, similar valves on the market are often sold at expensive rates, ranging between Rs
35,000 and Rs 40,000.
• The valve is currently in its phase one trial, with initial usage among 20 patients.
• The team at AIIMS is committed to making it the best globally, and further evaluations will focus
on its safety measures.
.
• The tracheoesophageal prosthesis, which is essentially a medical device, plays a crucial role in
restoring the connection between the trachea and the esophagus.
• This reconnection is vital for fundamental functions such as breathing, swallowing, and speaking.
• Commonly used in cases where individuals have undergone a laryngectomy, the surgical
removal of the larynx (voice box), this procedure is typically necessary in advanced laryngeal
cancer cases.
• Following a laryngectomy, the natural connection between the trachea and the oesophagus is
disrupted, making innovations like the tracheoesophageal prosthesis essential for improving the
quality of life for affected individuals.
DEFENCE NEWS
Indian Navy's Elite Marine Commandos Effectively Rescue 21 Crew Members, Including 15 Indians,
from MV Lila Norfolk
• The Indian Navy's elite marine commandos successfully rescued 21 crew members, including 15
Indians, from the Liberian-flagged vessel MV Lila Norfolk.
• The merchant vessel MV Lila Norfolk sent a distress message on the United Kingdom Maritime
Trade Operations (UKMTO) portal, reporting a boarding by five unknown armed personnel.
• The rescue operation involved deploying a range of assets, including a warship (INS Chennai),
maritime patrol aircraft, helicopters, P-8I aircraft, and long-range aircraft, along with Predator
MQ9B drones.
About Indian Navy :
• Chief of Defence Staff : General Anil Chauhan
• Chief of the Naval Staff : Admiral R. Hari Kumar
Indian Navy Introduces New Design for Admirals' Epaulettes Inspired by Chhatrapati Shivaji Maharaj
• The Indian Navy unveiled a new design for Admirals' epaulettes, drawing inspiration from the
legacy of Chhatrapati Shivaji Maharaj.
• The unveiling of the epaulettes, a shoulder piece worn to show the rank of an officer, came three-
and-a-half weeks after Prime Minister Narendra Modi made an announcement on it.
• The force stated that the golden button reiterates "our resolve to do away with Ghulami ki
Maansikta (slave mentality)".
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• The octagon represents the eight cardinal directions, indicative of an all-round long-term vision.
About Indian Navy :
• Chief of Defence Staff : General Anil Chauhan
• Chief of the Naval Staff : Admiral R. Hari Kumar
DRDO conducts successful flight-test of New GenerationAKASH missile

• Defence Research and Development Organisation (DRDO) conducted a successful flight-test of
the New Generation AKASH (AKASH-NG) missile from the Integrated Test Range (ITR),
Chandipur off the coast of Odisha.
• The flight-test was conducted against a high-speed unmanned aerial target at a very low altitude.
• During the flight test, the target was successfully intercepted by the weapon system and
destroyed.
• It has validated the functioning of the complete weapon system consisting of the missile with
indigenously developed Radio Frequency Seeker, Launcher, Multi-Function Radar and
Command, Control and communication system.
Indian Navy receives first UAV from Adani Defence and Aerospace, strengthening maritime surveillance
• The Navy received the first medium altitude long endurance (MALE) drone made in India by Adani
Defence & Aerospace (ADA) in collaboration with Israeli firm Elbit.
• Named Drishti 10 Starliner, the UAV was handed over by ADA at a flag-off ceremony led by the
chief of naval staff, Admiral R Hari Kumar, at the Adani Aerospace.
• The UAV is based on the Hermes 900 platform of Elbit and has been 70% indigenised by ADA
following a technology transfer from Adani Elbit Advanced Systems India Ltd, a joint venture
between Adani Group and Elbit.
India’s domestic air passenger traffic to touch 300 million by 2030: Civil Aviation Minister
● Addressing Wings India 2024 at Begumpet Airport in Hyderabad, he stated the domestic
passenger traffic, which was 60 million in 2014 grew to 145 million pre-Covid and it further
went up to 153 million in 2023.
● He stated despite the projected growth of 300 million by 2030, India will be one of the most
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under penetrated markets across the top 20 markets in the world.

● The domestic passenger traffic in the last 10 years grew at a CAGR of 15.3 per cent while
international traffic grew at 6.1 per cent.
● India is the third-largest domestic civil aviation market and seventh-largest international civil
aviation market. If both are combined, India is the fifth-largest civil aviation market in the world.
● The minister stated that India has become the largest purchaser of aircraft in the world after
the United States and China.
● He expects that India’s fleet will go up from 713 to more than 2,000 in the next decade.
● He noted that the country, which had 400 aircraft in 2013-14, has grown its fleet to 713
Indian Navy foils second hijacking bid in Arabian Sea in 24 hours

• The Indian Navy stated that its offshore patrol vessel INS Sumitra rescued an Iranian-flagged
fishing vessel (FV) hijacked by armed pirates off the Somali coast, the second such action in the
last 24 hours in the Arabian Sea where the security situation has deteriorated significantly due to
the resurgence of piracy, and missile and drone attacks by Iran-backed Houthi rebels.
• FV Al Naeemi, the second Iranian-flagged vessel to be rescued by INS Sumitra, was carrying a
crew of 19 Pakistani nationals.
• The Indian warship had on January 28 responded to a distress call from FV Iman, intercepted it
and rescued the boat and its crew of 17 Iranians from Somali pirates.
• INS Sumitra is currently deployed along the east coast of Somalia and the Gulf of Aden for anti-
piracy operations.
• Last week, guided missile destroyer INS Visakhapatnam responded to a distress call by Marshall
Islands-flagged merchant vessel Marlin Luanda, which was struck by a missile in the Gulf of
Aden.
• Specialist firefighting crews embarked on the vessel and helped douse the fire on board.
• Challenges in the distant seas, including the Arabian Sea, have emerged as a new front in recent
weeks, with Red Sea tensions escalating and the resurgence of piracy in the Gulf of Aden and off
the Somali coast.
• The navy has stepped up surveillance in the Arabian Sea substantially and deployed task groups
consisting of around 10 warships in the face of rising threats.
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5th Ammunition Cum Torpedo Cum Missile (ACTCM) barge yard 129 (LSAM 19) launched at
Suryadipta Project Private Limited, thane
• The launch of ‘Ammunition Cum Torpedo Cum Missile Barge, LSAM 19 (Yard 129)’, 5th Barge of 11
x ACTCM Barge Project, built by MSME Shipyard, M/s Suryadipta Projects Private Limited, Thane,
Maharashtra for Indian Navy, was undertaken at M/s Suryadipta Project Pvt Ltd (Launch site of M/s
SPPL).
• The launching Ceremony was presided over by Commodore V Pravin, AWPS(Mumbai,
Maharashtra).
• The contract for building 11 X ACTCM Barge was signed between the Ministry of Defence (MoD)
and M/s Suryadipta Projects Pvt Ltd, Thane on 05 Mar 2021.
• The availability of these Barges would provide impetus to operational commitments of IN by
facilitating Transportation,
• Embarkation and Disembarkation of articles/ ammunition to IN Ships both alongside jetties and at
outer harbours.
• These Barges are indigenously designed and built under relevant Naval Rules and Regulation of
Indian Register of Shipping.
• The model testing of the Barge during the design stage was undertaken at Naval Science and
Technological Laboratory, Visakhapatnam.
• These Barges are proud flag bearers of Make in India initiative of Government of India (GoI).
History :
• In 2021, The Indian Navy has signed a contract with Suryadipta Projects to construct 11
ammunition-cum-torpedo-cum-missile (ACTCM) barges with Suryadipta ProjectsPrivate Limited.
About Ministry of Defence :

• Defence Minister : Rajnath Singh
• Minister of State : Ministry of Defence
• Defence Secretary : Giridhar Aramane
.
Ministry of Defence Signs Rs 1070 Crore Contract with Mazagon Dock Shipbuilders Limited for 14 Fast
Patrol Vessels for Indian Coast Guard
• The Ministry of Defence (MoD) signed a contract with Mazagon Dock Shipbuilders Limited (MDL) to
acquire 14 Fast Patrol Vessels (FPVs) for the Indian Coast Guard (ICG).
• The value of the 14 Fast Patrol Vessels (FPVs) will be Rs 1,070 crore.
• These FPVs will be indigenously designed, developed and manufactured by MDL under the ‘Buy
(Indian-IDDM)’ acquisition category.
• These FPVs will be delivered in 63 months.
• Along with several high tech advanced features and equipment, these FPVs will be equipped with
multipurpose drones, wirelessly controlled remote water rescue craft lifebuoy and Artificial
intelligence capability enabling greater flexibility and operational edge to the ICG to face new age
multidimensional challenges.
• These modern FPVs will play a critical role in enhancing fisheries protection and monitoring, control
and surveillance, anti-smuggling operations, search and rescue operations including in shallow
waters, assistance to ship/crafts in distress, towing capabilities, assistance and monitoring during
marine pollution response operations, anti-piracy operations.
• The acquisition of these FPVs is aimed to boost ICG’s capability and reinforces the increased focus
of the government towards maritime security.
India, Saudi Arabia joint military exercise to begin from January 29-February 10
• The inaugural edition of Joint Military Exercise ‘SADA TANSEEQ’ between India and Saudi
Arabia will be held from January 29 to February 10 in Rajasthan, the Indian Army stated on
January 27.
• The exercise aims to enhance synergy, interoperability and jointmanship by learning and sharing
best practices between the Armies of both nations.
• Earlier in January, India and Saudi Arabia signed a bilateral agreement under which New Delhi
has been allocated a quota of 1,75,025 pilgrims for the annual Haj pilgrimage in 2024.
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India, France, and United Arab Emirate Collaborate in Joint Mega Air Exercise "Desert Knight" Over
Arabian Sea
● The Indian Air Force (IAF) conducted Exercise Desert Knight in collaboration with the French Air
and Space Force (FASF) and the United Arab Emirates (UAE) Air Force.
● The exercise occurred within the Indian Flight Information Regions (FIR) and involved IAF aircraft
operating from various bases in India.
● The exercise in Indian FIR was conducted over the Arabian Sea.
● Aircraft Involved : The French participation included Rafale fighter aircraft and a Multi-Role
Tanker Transport, while the UAE Air Force deployed the F-16 fighter jets.
● These aircraft operated from the Al Dhafra air base in the UAE.
● The IAF component comprised Su-30 MKI, MiG-29, and Jaguar fighter jets, alongside AWACS
(Airborne Early Warning and Control Aircraft), C-130-J transport planes, and air-to-air refueling
aircraft.
● Main focus of Exercise : To enhance synergy and interoperability among the three participating
Air Forces.
● The exercise provided an opportunity for the exchange of operational knowledge, experiences,
and best practices among the participants.
● Such exercises are indicative of the growing diplomatic and military interactions in the region,
apart from showcasing the prowess of the IAF.
About France :
● President : Emmanuel Macron
● Prime Minister : Gabriel Attal
● Capital : Paris
About UAE :
● President : Mohamed bin Zayed Al Nahyan
● Prime Minister : Mohammed bin Rashid Al Maktoum
● Capital : Abu Dhabi
● Currency : UAE dirham
2nd edition of the India-Egypt Joint Special Forces Exercise Exercise Cyclone II Commenced in Egypt
.
● The Indian Army contingent comprising 25 personnel reached Egypt to take part in the India-
Egypt Joint Special Forces Exercise CYCLONE.
● It is the 2nd edition of the Exercise Cyclone which will be conducted at Anshas, Egypt from 22nd
January to 1st February 2024.
● Cyclone is an annual exercise held alternatively in India & Egypt.
● Aim of the Exercise : To acquaint both the sides with each other’s operating procedures in the
backdrop of Special Operations in desert/ semi desert terrain under Chapter VII of United Nations
Charter.
● Participants : The Indian contingent is being represented by troops from the Parachute Regiment
(Special Forces) and an Egyptian contingent comprising 25 personnel is being represented by
Egyptian Commando Squadron and Egyptian Airborne Platoon.
About Exercise Cyclone II :
● The Exercise will involve planning and execution of special operations in sub conventional
domain and conducted in three phases.
● While the first phase will include Military Exhibitions and Tactical Interactions, the second phase
will focus on training on Improvised Explosive Device (IED), counter IED and Combat First Aid.
● The third and final phase will encompass Joint Tactical Exercise based on Fighting in Built-up
Area and Hostage Rescue Scenarios.
● The Exercise will provide an opportunity to both the contingents to strengthen their bond and
share best practices.
● It will also act as a platform to achieve shared security objectives and foster bilateral relations
between two friendly nations.
● The first edition of the exercise was conducted in January 2023 in Jodhpur, Rajasthan.
About Egypt :
● President : Abdel Fattah el-Sisi
● Capital : Cairo
● Currency : Egyptian pound
About Ministry of Defence :
● Defence Minister : Rajnath Singh
● Minister of State : Ministry of Defence
● Defence Secretary : Giridhar Aramane
.
11th edition of India-Kyrgyzstan Joint Special Forces Exercise ‘Khanjar’ commenced in Himachal
Pradesh
● The 11th edition of India-Kyrgyzstan Joint Special Forces Exercise Khanjar started at the Special
Forces Training School in Himachal Pradesh’s Bakloh.
● The exercise is being conducted from January 22 to February 3, 2024 (13-day exercise).
● Aim of the exercise : To exchange experiences and best practices in Counter Terrorism and
Special Forces Operations in Built-up Area and Mountainous Terrain under Chapter VII of United
Nations Charter.
● Participants : The Indian Army contingent comprising 20 personnel is being represented by
troops from The Parachute Regiment (Special Forces) and the Kyrgyzstan contingent comprising
20 personnel is represented by Scorpion Brigade.
About the Exercise Khanjar :
● Khanjar is an annual event conducted alternatively in India and Kyrgyzstan.
● The exercise will provide an opportunity for both sides to fortify defence ties while addressing
common concerns of international terrorism and extremism.
● The exercise will also accord opportunity to showcase capabilities of cutting edge indigenous
defence equipment besides achieving shared security objectives and foster bilateral relations
Note :
● The 1st edition of Exercise KHANJAR was held in 2011 in Nahan, Himachal Pradesh.
● The 10th edition of the India-Kyrgyz Special Forces Exercise Khanjar concluded in Bishkek,
Kyrgyzstan from 6th to 18th March, 2023
● In Oct 2023, External Affairs Minister S Jaishankar visited Bishkek to attend the 22nd Shanghai
Cooperation Organisation (SCO) Council of Heads of Government (CHG) to be held under the
chairmanship of Kyrgyzstan.
About Kyrgyzstan :
● President : Sadyr Japarov
● Capital : Bishkek
● Currency : Kyrgyzstani som
North Atlantic Treaty Organisation to conduct largest military exercises since the Cold War, involving
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90,000 troops
● Steadfast Defender 2024 is set to be the largest North Atlantic Treaty Organisation (NATO)
military exercise since the Cold War, involving around 90,000 troops.
About the Exercise :
● The exercises will extend until May and will include more than 50 ships, such as aircraft carriers
and destroyers, along with over 80 fighter jets, helicopters, and drones.
● The deployment encompasses at least 1,100 combat vehicles, including 133 tanks and 533
infantry fighting vehicles.
● Steadfast Defender 2024 will demonstrate NATO's ability to rapidly deploy forces from North
America and other parts of the alliance to strengthen the defense of Europe.
● Troops taking part in the exercise, which will include bringing personnel to Europe as well as
simulating exercises on the ground, will come from NATO countries and Sweden, which is
expected to join the alliance soon.
● During the second part of the Steadfast Defender exercise, special attention will be paid to the
deployment of NATO's quick reaction force to Poland on the eastern flank of the alliance.
● Notably, the last exercises of comparable size were Reforger in 1988 during the Cold War,
involving 125,000 participants, and Trident Juncture in 2018 with 50,000 participants.
About NATO :
● Headquarters : Brussels, Belgium
● Secretary General : Jens Stoltenberg
● Membership : 31 states (29 European and two North American)
India-Kyrgyzstan Joint Special Forces Exercise 'Khanjar' commences in Himachal Pradesh
• The 11th edition of the India-Kyrgyzstan Joint Special Forces Exercise 'Khanjar' commenced at
the Special Forces Training School in Bakloh, Himachal Pradesh.
• The exercise, scheduled from January 22 to February 3, involves joint training between the
special forces of India and Kyrgyzstan.
• According to an official release from the Ministry of Defence, the ongoing India-Kyrgyzstan Joint
Special Forces Exercise 'Khanjar' is providing a valuable opportunity for both nations to
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strengthen defense ties while jointly addressing international concerns related to terrorism and
extremism.
• Additionally, the exercise serves as a platform to showcase the capabilities of cutting-edge
indigenous defense equipment.
• The Ministry emphasized that the exercise aims to achieve shared security objectives and foster
bilateral relations between India and Kyrgyzstan.
• The ongoing India-Kyrgyzstan Joint Special Forces Exercise 'Khanjar' involves a contingent of 20
personnel from the Indian Army's Parachute Regiment (Special Forces) and 20 personnel from
the Kyrgyzstan contingent represented by the Scorpion Brigade, as per the Ministry of Defence's
press release.
• This exercise, conducted under Chapter VII of the United Nations Charter, focuses on
exchanging experiences and best practices in Counter Terrorism and Special Forces operations.
• External Affairs Minister S. Jaishankar visited Bishkek for the 22nd SCO Council of Heads of
Government.
• He met Kyrgyzstan President Sadyr Zhaparov, discussing cooperation in various sectors and
conveying India's support for the Kyrgyz SCO Presidency.
• He discussed ways to strengthen India-Kyrgyz cooperation in trade, economy, development
projects, health, education, and exchanging views on Afghanistan, West Asia, and connectivity.
Indian Air Force Locates Debris of Missing An-32 Aircraft from 2016
● The Indian Air Force (IAF) announced that the debris of the An-32 aircraft, which went missing
over the Bay of Bengal in 2016 with 29 people onboard, has been found after 7 years.
● The missing aircraft carried 29 individuals, including 6 crew members, 11 Indian Air Force
personnel, two Indian Army soldiers, one each from the Indian Navy and Indian Coast Guard,
and 8 defense civilians working with the Naval Armament Depot.
● An Autonomous Underwater Vehicle (AUV), deployed by the National Institute of Ocean
Technology, located the missing aircraft on the sea bed approximately 310 kilometres from the
Chennai coast.
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● The search was conducted at a depth of 3,400 meters, employing various payloads such as
multi-beam SONAR (Sound Navigation and Ranging), synthetic aperture SONAR, and high-
resolution photography.
About IAF :
● Headquarters : New Delhi, Delhi
● Chief of the Air Staff : Air Chief Marshal Vivek Ram Chaudhari
RANKING AND REPORTS

Global Unemployment Set to Reach 5.2% in 2024, ILO Reports
• The International Labour Organization (ILO), global unemployment rate is expected to inch up to
5.2 percent this year primarily because of a rise in joblessness in advanced economies.
• ILO's 2024 'World Employment and Social Outlook' report forecasts that the number of
unemployed people will rise by 2 million, lifting the global unemployment rate to 5.2 percent from
5.1 percent in 2023.
• ILO, a United Nations agency, said that after a short growth spurt as countries recovered from
the pandemic, aggregate labour productivity growth had quickly
returned to the low pace seen over the previous decade.
India bonds set to be included in the Bloomberg emerging market index
• Bloomberg Emerging Market (EM) Local Currency Index will include the Indian government’s
Fully Accessible Route (FAR) bonds.
• This will be done gradually beginning in September 2024 and lasting five months.
• Consequently, in September 2024, the Indian FAR bonds will be included with an initial weight of
20% of their whole market value in the EM Local Currency indices.
• Throughout the five months period that will end in January 2025, the weight of FAR bonds will
increase monthly in increments of 20% of their full market value.
• In January 2025, they will be weighted at their full market value (100%) in the indices.
• After India FAR bonds are fully incorporated into the Bloomberg Emerging Market 10% Country
Capped Index, their weight will be totally capped at 10%.
Delhi discoms, UP's NPCL top performance ratings of power distribution companies
.
• Delhi's BSES Rajdhani Power Ltd, BSES Yamuna Power Ltd, and Tata Power Delhi Distribution
Company and Noida Power Company Ltd have topped the ratings of the power distribution
companies in the country in FY23.
• Power minister RK Singh, launched the 3rd edition of consumer service ratings of discoms, covering
performance of discoms for FY 23.
• As per the ratings, NPCL, BRPL, BYPL and TPDDL have achieved A+ (highest) ranking among all
the 62 rated discoms in the country.
• Andhra Pradesh and Maharashtra's power distribution companies were rated among the next best
with an 'A' rating.
• The Minister also launched Powerthon 2024, which will enable budding startups and entrepreneurs
to have concepts and ideas for solving key problems of power DISCOMs to participate in an
incubation programme.
• Union Minister for Power and New & Renewable Energy remarked that the power sector of the
country has come a long way, in rural areas up from 12.5 hours per day in 2015-16 to ~21 hours.
• Similarly, hours of supply in urban areas improved to 23.8 hours per day from 20 hours in 2015-16.
• The DISCOMs were evaluated on four criteria specifying the minimum standards and expectations
that consumers have, such as reliability, timely and accurate metering and billing, connection and
other services, and swift grievance redressal.
Mukesh Ambani re-enters elite $100 billion club as Reliance shares rally
• Asia's richest billionaire Mukesh Ambani joined the exclusive club of tycoons having net worth of at
least $100 billion after shares of Reliance Industries (RIL) ended at fresh all-time high levels.
• The total net worth of the Chairman and Managing Director of RIL was estimated at $105.1 billion,
shows data from the F orbes Real-Time Billionaires List.
• In the global rich list, Ambani is now at the No.11 spot.
• The Forbes list has only 12 billionaires in the $100 billion club.
• Ambani had earlier entered into the $100 billion elite club in 2021 to drop out of the list later on.
• Gautam Adani, in the meantime, is at No.16 on the list of the world's richest billionaires.
• Elon Musk remains on top of the list with a net worth of #240.9 billion, followed by Bernard Arnault,
Jeff Bezos, Larry Ellison, and Mark Zuckerberg.
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ACQUISITIONS & MERGERS

CCI approves acquisition of control/stake in Reliance Capital Limited by IndusInd International Holdings
Limited, IIHL BFSI (India) Limited, and Aasia Enterprises LLP
● Fair trade regulator Competition Commission of India (CCI) has cleared the proposed stake
acquisition in Reliance Capital by IndusInd International Holdings Ltd, IIHL BFSI (India) Ltd, and
Aasia Enterprises.
● Reliance Capital Ltd (RCL) is an RBI-registered non-banking, non-deposit-taking systemically
important company (NBFC-CIC-ND-SI).
● It is engaged in the financial service sector.
● The combination relates to the acquisition of a controlling stake in Reliance Capital Ltd by
IndusInd International Holdings Ltd, IIHL BFSI (India) Ltd, and Aasia Enterprises.
● In July,2023 Hinduja group-owned IndusInd International Holdings (IIHL), the promoter of
IndusInd Bank, announced a USD 1.5-billion capital-raising plan to fund the proposed acquisition
of Reliance Capital and increase its stake in the lender.
About CCI :
● Founded : 14 October 2003
● Headquarters : New Delhi, Delhi
● Chairperson : Ravneet Kaur
● The Competition Commission of India (CCI) is the chief national competition regulator in India.
● It is a statutory body within the Ministry of Corporate Affairs and is responsible for enforcing the
Competition Act, 2002 to promote competition and prevent activities that have an appreciable
adverse effect on competition in India.
ARCIL Acquires Loans Worth ₹1,100 Crore from RBL and Bandhan Bank
• Avenue Capital-backed Asset Reconstruction Company of India (Arcil) has acquired nearly ₹1,100
crore in small-ticket loans from RBL Bank and Bandhan Bank in two separate transactions.
• RBL Bank Transaction : RBL Bank sold small business loans amounting to ₹360 crore to ARCIL in
an all-cash deal at auction, resulting in less than 1% recovery.
• Bandhan Bank Transaction : Bandhan Bank sold a ₹719-crore home loan portfolio for ₹289.6 crore
at a Swiss auction, equating to a 40% recovery for the bank.
• Both transactions closed in the last week of December.
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Power Grid Acquires SPVs For Key Renewable Energy Transmission Projects
● POWERGRID has successfully acquired four Special Purpose Vehicles for Inter- state
Transmission System Projects which were bid out through Tariff Based Competitive Bidding
process.
● The acquired SPVS- Vataman Transmission Ltd., Koppal II Gadag II Transmission Ltd.,
Bikaner III Neemrana Transmission Ltd. & Neemrana Il Barielly Transmission Ltd. shall
facilitate integration of Renewable Energy Zones, immediate power evacuation &
establishment of new ISTS transmission infrastructure.
● Vataman Transmission Ltd. shall implement the Transmission System comprising
establishment of a new 765/400kV Switching Station at Vataman, Ahmedabad; 3 nos. of
765kV D/C transmission lines (including a LILO line) traversing in the state of Gujarat as well
as extension works at Navsari & Halvad Substations in the state of Gujarat.
Foxconn ties up with HCL for local semicon assembly
● Taiwan’s Foxconn, also known as Hon Hai Precision Industry, has joined forces with
India’s HCL Group to establish an Outsourced Assembly and Testing (OSAT) unit for
semiconductor chips.
● Foxconn, through its subsidiary Foxconn Hon Hai Technology India Mega Development
Private Limited, is set to invest $37.2 million, securing a substantial 40% stake in the joint
venture, as revealed in a regulatory filing to the Taiwanese stock exchanges.
● The collaboration aligning with the Indian government’s ‘Make in India’ and ‘Atmanirbhar
Bharat’ vision was confirmed.
● The partnership intends to contribute to building a resilient supply chain ecosystem for
the domestic semiconductor industry.
● Foxconn, a global leader in electronics manufacturing and assembler of iPhones, aims to
deploy its ‘Build-Operate-Localize’ (BOL) model to support local communities in India
Betavolt Introduces World’s First Maintenance-Free Battery Capable of 50 Years of Power Generation
● In China, a startup named Betavolt has unveiled a revolutionary battery, asserting its
capability to produce electricity for 50 years without requiring charging or maintenance.
● According to The Independent, this innovation is a nuclear battery that has successfully
integrated 63 isotopes into a module smaller than a coin.
● Betavolt claims that it is the world’s first battery to achieve the miniaturization of atomic
energy, challenging traditional notions associated with nuclear technology.
.
● The battery’s technology operates by transforming the energy generated through the decay of
isotopes into electrical power.
● The startup has commenced preliminary testing and aims to scale up production of the battery
for widespread use in commercial devices like smartphones and devices.
● Utilizing a layered design, the battery is engineered to mitigate the risk of catching fire or
exploding under abrupt force, as asserted by Betavolt.
● The company also states that the battery demonstrates resilience in operating within a
temperature range spanning from –60 degrees Celsius to 120 degrees Celsius.
● The battery’s dimensions are 15 x 15 x 5 millimeters, constructed from thin layers of nuclear
isotopes and diamond semiconductors.
● Presently, the nuclear battery produces 100 microwatts of power at 3 volts.
● The objective is to achieve a power output of 1 watt by the year 2025.
Airbus and Tata’s Joint Venture: Paving the skies with cutting-edge pilot training in Gurugram
● In adherence to its ‘Skill India’ commitment, Airbus has formed a 50:50 joint venture with Tata-
owned Air India, marking a significant stride in launching a world-class pilot training center
in Gurugram, Haryana.
● The Tata Airbus Training Centre is geared to provide A320 and A350 flight training for
approximately 5,000 new pilots over the span of the next 10 years.
● Covering a vast 3,300 sq.mt., the center is set to feature 10 Full Flight Simulators
(FFS), dedicated flight training classrooms, as well as briefing and debriefing rooms, forming a
comprehensive Airbus Flight Training Device setup.
● With a slated operational kickoff in early 2025, the training center’s initial phase will see the
installation of four A320 FFS.
● Courses offered at the Tata Airbus Training Centre will receive approval from both
the Directorate General of Civil Aviation (DGCA) and the European Union Aviation Safety
Agency (EASA).
● Simultaneously, Airbus has entered a partnership with GMR Aero Technic to provide Aircraft
Maintenance Engineering training courses at GMR’s facility in Hyderabad.
Japan’s Sony terminates $10 billion merger with India’s Zee

.
• Japan’s Sony Group stated it has sent a termination notice to Zee Entertainment to call off a $10
billion merger of their Indian operations, following an impasse over who will lead the combined
entity.
• The deal, announced more than two years ago, was perceived as crucial for the survival of the
companies in a highly competitive market, given the impending merger between Disney’s Indian
businesses and the media assets of billionaire Mukesh Ambani’s Reliance Industries.
• It cited unmet conditions of the merger agreement as the reason for the termination.
Hyundai India acquires General Motor's Talegaon plant, to invest ₹6,000 crore in Maharashtra
● Hyundai Motor India Ltd (HMIL) has acquired General Motors India's Talegaon plant in
Maharashtra and will invest Rs 6000 crore in the state.
● The company did not disclose the amount it paid the American firm for the plant.
● HMIL, the second-largest carmaker in India after Maruti Suzuki, had previously signed a term
sheet with General Motors India for the potential acquisition of the plant.
● The Indian unit of the Korean carmaker announced the deal in March 2023.
● With the acquisition, Hyundai's production capacity is expected to surge to one million from more
than 800,000 currently.
● The plant, which has an annual production capacity of 13,0000 units, is scheduled to resume
manufacturing in 2025.
● HMIL plans to expand the capacity to achieve its strategic goal in the market.
● HMIL has already enhanced its production capacity (at its Sriperumbudur plant in Tamil Nadu)
from 750,000 units to 820,000 units in the first half of this year.
● In Jan 2024, Hyundai signed a non-binding agreement with the Tamil Nadu government to invest
₹6,180 crore on various initiatives, including establishing a hydrogen resource centre
About Hyundai Motor India Ltd :
● Founded : 6 May 1996
● Headquarters : Gurugram, Haryana, India
● MD & CEO : Un Soo Kim
● Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of the Hyundai Motor
Company.
● It is the third largest automobile manufacturer in India.
.
CURRENT AFFAIRS: RANKING AND INDEX

ASER 2023: 86.8% of youth in the age group 14-18 are enrolled in an educational institution
● The NGO Pratham’s Annual Status of Education Report (ASER) titled ASER 2023 ‘Beyond
Basics’ was released.
● According to the ASER 2023, nearly 43% of children in the 14-18 age group cannot read
sentences in English, while among their rural counterparts, 25% struggle to read a Class 2
level text in their respective regional language.
● The 2023 survey focused on the 14-18 year-old children group in rural India.
● It assessed specifically children's reading and math skills.
● It also captures information about their access to digital technology.
● This survey was carried out among 34,745 young respondents in 28 rural districts in 26 states.
● The survey has four broad buckets to measure — activity, aspiration, awareness in general,
and ability.
● About one in four children in the 14-18 age group still cannot read a Std II-level text fluently in
their regional language.
● 8% of Children in the 14-18 year age group are enrolled in an educational institution,
● Around 57% of children can read sentences in English and more than 73% can also tell their
meanings. Boys are better than girls in both arithmetic and English reading.
● Out of the total surveyed children, 95% of boys and 90% of girls could use a smartphone.
● Girls are less enrolled in the science stream (28.1%) as compared with boys (36.3%).
SPORTS NEWS
Australian batter David Warner announces retirement from One Day International cricket
• Australian batter David Warner has announced his retirement from One Day Internationals (ODIs).
• The 2-time ODI World Cup Winner had previously announced that he would be ending his Test
career after Australia's upcoming Test against Pakistan in Sydney.
• However, the opener has said that he will keep himself available for selection in the Champions
Trophy in 2025.
• Warner is Australia's sixth-highest run scorer in the ODI format and is only second to former
captain Ricky Ponting's tally for most Centuries for Australia in ODIs.
In Men's Chess, Dommaraju Gukesh secures spot at a prestigious Candidates tournament
.
• In Men's Chess, Dommaraju Gukesh has secured his spot at the prestigious Candidates
tournament, which will take place in Toronto from April 2 to 25, 2024.
• Gukesh became the third Indian to make the Candidates tournament, joining R Praggnanandhaa
and Vidit Gujrathi.
• This is the first time in history that three Indians are playing the Candidates.
• The winner gets the chance to take on China’s Ding Liren in the next World Chess Championship.
• In Women's Candidates, Koneru Humpy and Rameshbabu Vaishali will represent the country.
Union Sports Minister Anurag Thakur inaugurates the Beach Games held at Ghoghala Beach in UTs of
Diu
• Beach Games was inaugurated by Union Sports Minister Anurag Singh Thakur at Ghoghla Beach
in the Diu.
• The beach games, which started on January 4, will be played till January 11.
• Due to this festival, beach games will also be promoted in other beach states and union territories
of the country.
• Organizing this festival will establish new dimensions and will also promote culture and tourism in
the Union Territory.
• More than twelve hundred players are participating in these competitions from States and Union
Territories.
Tata Steel Chess tournament 2024 to begin at Wijk aan Zee in Netherlands
• Tata Steel Chess tournament 2024 will begin at Wijk aan Zee in the Netherlands.
• First Round of the tournament will start at 8:30 p.m.
• It will be available on chess.com/TV and chess24's Twitch and YouTube channels.
• Some of the strongest players in the world are gathering in the tournament also called the
"Wimbledon of Chess".
• Viswanathan Anand was the record winner for a long time until he was replaced by Magnus
Carlsen.
India wins its first Gold medal at Zagreb Open 2024 Wrestling Tournament in Croatia
• Reigning Asian champion Aman Sehrawat won the Gold medal in Men’s 57kg at the Zagreb Open
2024 Wrestling Tournament in Croatia.
• He defeated China’s Zou Wanhao via technical superiority in the 57kg final, to win India’s first
medal in this edition of the Ranking Series.
.
• Meanwhile, another Indian wrestler Yash Tushir was defeated by USA’s Quincy by 15-4 in the
round of 16 of the men’s 74kg category.
• Nonetheless, the competition will feature Freestyle wrestlers Vicky and Sumit competing in the
men's 97kg and 125kg weight classes, respectively.
India on top of medals table in Asian Shooting Championship in Jakarta with 07 Gold, 06 Silver, and 06
Bronze medals
• Media_SAIIn Women's shooting, Rhythm Sangwan bagged the Bronze medal in the 25-meter
Pistol event at the Asian Shooting Championship in Jakarta, Indonesia.
• With this medal, Rhythm confirmed the 16th Paris Olympic quota for the Indian shooting
contingent.
• Also, this is the sixth Paris quota in the pistol events for India and the second in women's 25m
Pistol.
• Rhythm ended the tournament with an impressive performance collecting a total of five medals, 1
gold, 2 silver, and 2 bronze medals.
Indian Shooter Yogesh Singh Wins Gold in Men’s 25m Centre Fire Pistol at Asia Olympic Qualifiers
● Indian shooters continued with winning gold in the Asia Olympic Qualifiers with Yogesh
Singh winning the top prize in individual as well as team event of the men’s 25m centre fire
pistol competition in Jakarta, Indonesia.
● Yogesh claimed the individual gold medal after shooting 573, finishing ahead of silver winner
Muad Al Balushi of Oman (570) and Indonesia’s Anang Yulianto (567).
● The other two Indian participants in the event, Pankaj Yadav (567) and Akshay Jain (564),
ended fourth and sixth.
● The Indian trio aggregated 1704 to bag the team gold ahead of shooters from Oman and
Indonesia.
● In the women's event, the Indian trio of Shreyasi, Manisha Keer and Bhavya Tripathi,
however, won the silver medal in the women’s trap team event with a total of 328, finishing
behind China and ahead of Kazakhstan.
Argentine superstar Lionel Messi once again bags The Best FIFA Men’s Player Award
● Argentine superstar Lionel Messi has once again bagged The Best FIFA Men’s Player.
● The announcement was made at the Best FIFA Football Awards ceremony in London.
● Messi came out on top in the voting leaving behind the other finalists, Erling Haaland and
.
Kylian Mbappe.
● This is the 3rd time in the last 4 years that Messi has got the award.
● Spain and Barcelona striker Aitana Bonmati was bestowed with the Best FIFA Women’s
Player Award.
● Manchester City coach Pep Guardiola won the Best Men’s Manager award while England
coach Sarina Wiegman claimed the award for the Best Woman Coach for a record fourth time.
● Manchester City stopper Ederson won the Best Men’s Goalkeeper while Mary Earps, the
Manchester United and England No. 1, won the Women’s Goalkeeper award in the ceremony
in London.
Rameshbabu Praggnanandhaa surpasses Viswanathan Anand to become India’s number-one Chess
player
● India Chess Wizard Rameshbabu Praggnanandhaa defeated World Chess Champion Ding
Liren in the Tata Steel Masters in Wijk aan Zee, in the Netherlands.
● As a result of this victory, Praggnanandhaa became only the second Indian after
Vishwanathan Anand to defeat a reigning champion.
● He also overtook Anand to become India’s new number one Chess player in terms of live
ratings.
Tamil Nadu has won the gold medal in rhythmic yoga at the Khelo India Youth Games.
● Tamilnadu won gold in rhythmic yoga followed by West Bengal and Maharashtra.
● In the women’s section, West Bengal won the gold followed by Maharashtra and Tamilnadu.
● The four-day Mallar Kambu competition will be held in Tiruchirappalli
● In the Khelo India Youth Games, in the Squash single girls category round 16, Pooja Arthi,
Deepika and Shameena Riaz from Tamilnadu have moved to the next round.
● Yashi Jain and Chhavi Sharan from Rajasthan, Khushboo and Unnati Tripathi from Uttar
Pradesh and Nirupama Dubey from Maharashtra have also moved to the next round.
● Tavneet Singh Mundra from Madhya Pradesh, Ansh Tripathy, Karan Yadav and Aryan Pratap
Singh from Uttar Pradesh, Sandesh, Meyyappan and Arihant from Tamilnadu, Avalokit Singh
from Rajasthan have moved to the next round after round robin in Squash Boys Category.
Raiza Dhillon wins silver in the women’s skeet final at the Asia Olympic Qualification shotgun
tournament.
● Indian Shooter Raiza Dhillon has won silver in the women’s skeet final at the ongoing Asia
Olympic Qualification shotgun tournament in Kuwait.
.
● With this win, Raiza secured Paris 2024 Olympic quota in shooting.
● While Maheshwari Chauhan got Bronze and Ganemat Sekhon finished at 4th.
● The trio also won the team gold medal for India.
● Dhillon was on top of the table with six out of six targets.
● The Indian continued to lead the final with 14 hits.
With 127 medals, Maharashtra leads the Khelo India Games medal tally followed by Haryana.
• In the Khelo India games, Maharashtra ranks first in the medal tally with a total of 127 medals
including 44 gold, 39 silver, and 44 bronze medals followed by Haryana scoring 94 medals including
33 gold, 19 silver, and 42 bronze medals.
• Tamil Nadu stood third with a total of 82 medals including 29 gold, 19 silver, and 34 bronze medals.
• In the Football semi-finals boys Meghalaya beat Jharkhand 5-3 and in another semi-finals, Punjab
beat Odisha 1-0
• In the Kho Kho semi-finals girls, Odisha beat Delhi 27 -18 and Maharashtra beat Gujarat 27 -16.
• In Boys Kho Kho, Maharashtra beat Karnataka 29 -23 and Delhi beat Gujarat 43-28.
• In Shooting, - Skeet boys all the medal winners were from Punjab. Gurfateh Singh Sandhu, Zorawar
Singh Bedi, and Harazeez Singh Alwa from Punjab won the gold, silver, and bronze medals
respectively.
• In Shooting Skeet Girls, Devyani Rathore and Yashaswi Rathore both from Rajasthan won gold and
silver medals respectively. Venkat Lakshmi Lekhu from Tripura won the bronze medal.
ICC lifts suspension of Sri Lanka Cricket after two-months

• The International Cricket Council (ICC) has lifted the suspension of Sri Lanka Cricket with immediate
effect.
• Sri Lanka Cricket has been reinstated as a member of the International Cricket Council after a two-
month suspension.
• Sri Lanka Cricket was suspended for violation of responsibilities as an ICC Member, in particular, the
requirement to manage its affairs autonomously and ensure that there is no government interference
in the governance, regulation, and/or administration of cricket in Sri Lanka.
Divyansh Singh Panwar from India clinches gold medal in men's air rifle event at the ISSF World Cup
held in Cairo
.
• In air rifle shooting, Indian Olympian Divyasnsh Singh Panwar had struck gold in the men's event
with a world record score in the final while Sonam Uttam Maskar, competing in her first International
Shooting Sport Federation (ISSF) World Cup, bagged silver in the women's 10-metre event in Cairo.
• The 21-year-old shot 253.7 bettering Chinese Sheng Lihao's 253.3, set at the Asian Games in
Hangzhou last year.
• India is now firmly on the top of the table in the season-opening World Cup stage with two gold and
three silver medals in their kitty after three days of competition.
• This was Divyansh's fifth overall World Cup stage gold and second individual gold after his last effort
came in Putian in 2019.
Rohan Bopanna has become the World No. 1 Doubles Player after his Australian Open Victory
• Indian Tennis star Rohan Bopanna for the first time climbed to World Number One position in the
latest ATP Doubles Rankings released.
• Rohan Bopanna won his career’s first Men’s Doubles Grand Slam at the Australian Open to jump
two places in the ATP Rankings.
• Bopanna’s Australian partner Matthew Ebden is the new World Number Two.
• 43-year old Bopanna is the oldest World Number One in Men’s Tennis.
• He is also the fourth Indian tennis player after Leander Paes, Mahesh Bhupathi and Sania Mirza to
reach the top of the tennis rankings.
• All four are also the only Indian Grand Slam winners.
Rohan Bopanna, the oldest Grand Slam winner clinched the Australia Open 2024:
• India's tennis star Rohan Bopanna and his Australian partner Matthew Ebden clinched the grand
slam title at the Australian Open 2024 after the duo defeated Italy's Simone Bolelli, and Andrea
Vavassori in the men's doubles final at Melbourne Park.
• The 43-year-old Rohan Bopanna, who recently became World No. 1 in the ATP men's doubles
rankings is now the oldest grand slam winner.
• The victory in the Australian Open marks the initial significant triumph for the duo, who
experienced defeat in the US Open final last year.
.
• Following the rankings update, Rohan Bopanna will ascend to the world number one spot, while
Matthew Ebden, despite participating in three additional tournaments within the ranking period,
will hold the number two position.
About Rohan Bopanna
1. Rohan Bopanna was born in Coorg district Karnataka in March 1980 and developed an early
interest in tennis.
2. He carried the game to the United States, where is attended his college and slowly made his
name in the world of professional tennis championships.
3. Rohan Bopanna is renowned for his success in doubles tennis.
4. He has secured victories in Grand Slam events, including winning the mixed doubles title at the
2017 French Open with his partner Gabriela Dabrowski
5. Recipient of the Arjuna Award, Rohan Bopanna has been a pivotal constituent of India's Davis
Cup squad since his inaugural appearance in 2002.
6. Furthermore, he clinched victory in the 2006 Asian Hopman Cup, a qualifying competition for the
2007 Hopman Cup, alongside Sania Mirza.
7. Rohan Bopanna has secured considerable success on the ATP Tour.
8. He has won numerous titles in doubles events, showcasing his skill and consistency as a
doubles specialist on the professional circuit.
9. The grand slam winner is actively involved in promoting and developing tennis in India.
10. He has established the Rohan Bopanna Tennis Academy to nurture young talent and provide
them with opportunities to excel in the sport, contributing to the growth of tennis in the country.
Aryna Sabalenka crushes Zheng Qinwen to defend Australian Open title

• Aryna Sabalenka crushes Zheng Qinwen 6-3, 6-2 to defend Australian Open title.
• She became the first woman to do so in more than a decade.
• The 25-year-old Belarusian defending champion and world number two Aryna Sabalenka
defeated Chinese 12th seed Zheng Qinwen 6-3, 6-2 to win the Australian Open women's singles
title in Melbourne.
• Sabalenka took just 33 minutes to race through a 6-3 win in the first set at Melbourne Park.
• This is Sabalenka's second Grand Slam title while Zheng was gunning for a first.
• Sabalenka became the first woman to defend the Australian Open title since 2013.
.
Virat Kohli wins ICC ODI Player of the Year award for 4th time
• Indian batting star Virat Kohli bagged the ICC ODI Player of the Year award for the fourth time,
following his record-breaking performance in the World Cup 2023.
• Kohli had previously won the award in 2012, 2017, and 2018 and also stands amongst the four
nominees for the ICC Cricketer of the Year 2023 award.
• Notably, Kohli has become the first-ever cricketer to clinch this award four times, surpassing AB de
Villiers' tally of three awards.
• Virat Kohli built on his comeback in 2022 with a spectacular 2023, where he won the Player of the
Tournament performance at the ICC Men’s Cricket World Cup 2023.
Nikita Kumari of Rajasthan wins the Khelo India Youth Games gold in discus throw.
• In the Khelo India youth games, Nikita Kumari of Rajasthan won the gold in the discus throw event.
• She was followed by Riddhi from Haryana winning the silver while Bhakti Gawade from Maharashtra
won the bronze.
• In the triple jump match Paveena Rajesh from Tamil Nadu won the gold followed by Pamela Var
shini.G. from Tamil Nadu winning silver and P.V.Abirami from Kerala taking the bronze medal.
• In the volleyball girls' event, West Bengal defeated Kerala 3-0.
• In the hammer throw boys' event,Omkar Prasad Nand from Odisha took the first place followed by
Yashar Kurbar by Karnataka and the third place was taken by Nikhil Yadav, Haryana.
• In the 800m girls athletics, M.An Silin and Aksilin from Tamil Nadu won the gold and silver medals
while Priyanka Olkar from Karnataka won the bronze.
• In Mallakhamb events, on the whole Maharashtra won the gold medal with 209.25 points followed by
Tamilnadu at a score of 207.35 points and Madhya Pradesh stood third with 205.30 points.
Tata remains IPL title sponsor in record-breaking US$300m deal

• Tata Group has won IPL sponsorship rights for 5 years for $300 million.
• Tata Group has won the title sponsorship of the Indian Premier League (IPL) for 2024-28.
• IPL has become the world’s richest T20 tournament with the brand value of $8.4 billion.
• Tata Group has been the title sponsor of both the men’s IPL and the Women’s Premier League.
• The Indian Premier League (IPL) is a men's Twenty20 cricket league. It is annually held in India.
• The league is contested by ten city-based franchise teams. The BCCI founded the league in 2007.
.
Maharashtra gymnast Aaryan Davande has won the gold medal in boys' artistic all-round category at
Khelo India Youth Games held in Chennai.
• In the Khelo India Youth Games 2023, defending champions Maharashtra opened their gold medal
account when gymnast Aaryan Davande clinched the Boys Artistic All-Round crown at the SDAT
Aquatics complex in Chennai.
• Davande accumulated a total of 73 points to beat Uttar Pradesh’s Pranav Mishra. Harshit of UP
clinched the bronze in the event.
• Girls team from Tamilnadu won the gold medal, Rajasthan bagged silver and Maharashtra got
Bronze in Cycling team sprint event.
• In the 500-metre trial girls category, J. Srimathi won gold, Vimla from Rajasthan bagged silver and
R. Tamilarasi from Tamilnadu got the bronze medal.
• In the Boys cycling event, Aashirwad Saxena from Telangana won the gold, Vedant Jadhav from
Maharashtra bagged the silver and Gumoor Poonia from Haryana got the bronze medal.
• Kerala won the gold, Maharashtra bagged silver and Tamilnadu got the bronze medal in the team
sprint cycling event.
BCCI announces that Virat Kohli will miss the first two Tests against England due to personal reasons.
• The Board of Control for Cricket in India (BCCI) has announced that Indian batting maestro Virat
Kohli has opted to withdraw from the first two Tests against England, citing personal reasons
• BCCI assured that Kohli's replacement will be announced shortly.
• India is set to play a five-match Test series, the first of which will be held in Hyderabad on January
25.
• The second match of the series will be played on February 2 in Visakhapatnam.
• The series will conclude with the fifth and final test to be held in Dharamshala on March 11.
About BCCI
• President: Roger Binny
• Headquarters: Mumbai
• Founded: December 1928
Khelo India games: In the under-18 women's hockey match, Madhya Pradesh defeats Chhatisgarh 1-0.
• In Khelo India games, women's hockey under 18 category,Madhya Pradesh won against
Chhatisgarh 1-0, Tamilnadu lost to Mizoram 0-7, Haryana won Jharkhand by scoring four goals
against three Odisha scored a two-goal win against Punjab.
.
• Other games like Cycling, Judo, Boxing, Squash, Fencing, Gymnastics, and Yogasana are being
held in various places across Chennai.
• Under 18 men's hockey, Punjab will face Tamil Nadu, Orissa is pitted against Madhya Pradesh,
Jharkhand against Maharashtra, and Haryana will face Chandigarh.
• Gadka games will be played at Madurai
Man Singh of India wins the gold medal in the 2024 Asian Marathon Championships in Hong Kong.
• India’s Man Singh claimed the gold medal at the Asian Marathon Championships 2024 with a
personal best timing of two hours 14 minutes and 19 seconds in Hong Kong.
• The 34-year-old Indian marathon runner comfortably beat runner-up Huang Yongzheng of China
with a time difference of 65 seconds in the men’s event.
• Kyrgyzstan’s Tiapkin Ilya came third in 2:18:18.
• Man Singh’s previous personal best was 2:16:58, clocked at Mumbai Marathon 2023.
• Man Singh was part of the Indian contingent at the Asian Games 2023 and finished eighth with a
timing of 2:16:59 in the marathon event.
• In the women’s event, India’s Ashvini Jadhav finished eighth in 2:56:42 and Jyoti Gawate finished
11th in 3:06:20.
• The entry standard for the women’s marathon for the Paris 2024 Olympics is 2:26:50.
In rhythmic gymnastics, Sanyukta Kale wins gold.
• In the rhythmic gymnastics individual event of the Khelo India Youth games, Sanyukta Kale from
Maharashtra won the gold, Muskan Rana from Jammu and Kashmir won the silver and Life Adlakha
won the bronze medals.
• Raja Babu Yadav, Gymnastics coach from Uttar Pradesh told Akashwani that Indian gymnastics
players are ready to compete in international games.
• Pranav Mishra who won the silver medal said that it was a momentous occasion for him.
• In the women artistic individual gymnastics, Nishika Agarwal from Telangana won the gold, Soumili
Karar from West Bengal won the silver and Sara Rawool won the bronze medals.
OBITUARIES
Brazil's 4-time FIFA World Cup champion Mario Zagallo passed away
• Mario Zagallo, who won two World Cups as a player, one as a coach and another as an assistant
coach for Brazil, has passed away at the age of 92.
.
• Zagallo began his career as a striker with Rio's America and later also played for Flamengo and
Botafogo, one of the few Brazilian clubs which rivalled Pele's Santos in the 1960s.
• He holds the record for World Cup titles in general with four titles in total.
• He also holds the record for World Cup finals with six participations.
• In 1992, Zagallo received the FIFA Order of Merit, the highest honour awarded by FIFA, for his
contributions to football
'India's oldest' sloth bear in captivity passed away in Bhopal zoo

• Bablu, India's oldest sloth bear, has passed away at the age of 36 in Bhopal Zoo.
• A 36-year-old male sloth bear named Bablu died due to multi-organ failure at the Van Vihar
National Park in Bhopal.
• In India, Bablu was the oldest bear in captivity.
• Bablu was rescued from a 'madaari' (street performer) in Rajasthan and brought to Van Vihar
National Park at the age of 19 in 2006.
About Van Vihar National Park :
• Van Vihar National Park is a national park in Bhopal.
• It was declared a national park in 1979.
• Located in Bhopal, Madhya Pradesh
Urdu poet Munawwar Rana passes away

● Noted Urdu poet Munawwar Rana passed away at the Sanjay Gandhi PostGraduate Institute
of Medical Sciences in Lucknow.
● He was Born on November 26, 1952, he left a mark on Indian literature and his work,
“Shahdaba”, earned him the prestigious Sahitya Akademi Award in 2014 but he returned it
due to political reasons.
● During the anti-CAA (Citizenship Amendment Act), his daughter and he supported the
protesters. He was also in the news during the farmers’ agitation for purportedly controversial
remarks.
● Munawwar Rana suffered infection in the lungs and throat in 2017 and was also receiving
treatment regularly due to kidney problems for which he had to undergo dialysis.
Rallying-Spanish rider Falcon dies after Dakar Rally crash
.
● Spanish motorcycle rider Carles Falcon has died more than a week after crashing in the Dakar
Rally in Saudi Arabia, his team stated.
● Falcon, 45, had been in an induced coma since he was flown to hospital with severe injuries
from a fall during the second stage on Jan 7.
● Race director David Castera told reporters at the time that the rider, who was competing in the
endurance event for the second time, had lacked a pulse but was resuscitated by the first
doctor to arrive on the scene.
● Falcon, from Tarragona, was competing in the unassisted bikers category.
● The gruelling event, being held entirely in Saudi Arabia for the fifth time, has claimed many
lives since the first Paris-Dakar rally was held in
● Falcon was the 33rd competitor to die, but first since
● Last year’s only fatality was a 69-year-old Italian spectator, Livio Sassinotti, who was hit by a
truck while taking photographs behind a sand dune.
Veteran classical singer Swarayogini Dr Prabha Atre dies at 91
● Veteran classical singer Swarayogini Dr. Prabha Atre, a representative of the Kirana
Gharana, passed away at the age of 91 in Pune.
● Her demise, attributed to a cardiac arrest, marks a significant loss in the music world.
● Atre, a recipient of all three Padma awards, was not only an acclaimed classical vocalist but
also excelled as an academician, researcher, composer, and author, holding a doctorate in
music.
● Prabha Atre, honored with the Padma Vibhushan in 2022, Padma Shri in 1990, and Padma
Bhushan in 2002, leaves behind a legacy that extends beyond her contributions to classical
music.
● The loss is deeply felt, considering her multifaceted persona and unparalleled achievements in
both music and academia.
Hertha Berlin president Bernstein dies aged 43
● Hertha Berlin president Kay Bernstein, a former ultra fan who surprisingly took over the
presidency in 2022, has died at the age of 43, the club stated in a statement.
● Bernstein was a longtime ultra supporter and his presidential election win — a first
for Bundesliga clubs — was hailed across Germany as a win for fans against the
commercialisation of the sport.
Former Olympic pole vaulter, world champ Shawn Barber dies at 29
.
● Barber, a world champion pole vaulter, Olympian and three-time NCAA champ during his time
at Akron, died at his home in Kingwood, Texas, from medical complications. Barber was 29.
● Barber, a dual citizen of the United States and Canada, competed for Canada at the 2016
Summer Olympics in Rio de Janeiro, finishing
Rana Talwar, first Asian to head a global bank, passes away at 76
· Rana Talwar, the first person from Asia to head a global bank (Standard Chartered) passed away at the
age of 76 after being unwell for some time.
· Talwar was a board member at DLF, having joined the realty major in 2006.
About Rana Talwar:
(1.) He began his career with Citibank India in 1969, swiftly ascending through the ranks to lead its retail
businesses in Asia-Pacific, Middle East, Europe, and North America.
(2.) Then, in the summer of 1997, the St Stephens alumnus joined Standard Chartered, assuming the
position of CEO after some months, becoming the first Asian to head an international bank.
(3.) There, he was instrumental in major acquisitions, including the Trade Finance business of UBS,
Grindlays Bank in India and the Middle East from ANZ, and the Credit Card business from Chase
Manhattan in Hong Kong.
(4.) After moving on from Standard Chartered in 2002, the veteran banker founded Sabre Capital, a
private equity firm. Interestingly, ‘Sabre’ means a sword, which translates to ‘Talwar’ in Hindi.
Dr Nitya Anand, man who discovered India's first oral contraceptive pill 'Saheli', dies at 99
• Dr Nitya Anand, who discovered India’s first oral contraceptive pill ‘Saheli’, passed away after a
prolonged illness at SGPGIMS Lucknow. He was 99.
• Anand was also the former director of the Central Drug Research Institute (CDRI) from 1974 to
1984.
• He was with CDRI since its inception in 1951.
• He published over 400 research papers and over 130 patents and supervised 100 PhD students.
• He was the brain behind the discovery of Centchroman’, popularly known as ‘Saheli.’
• It was the world’s first and only non-steroidal, non-hormonal, once-a-week oral contraceptive pill.
.
• It was launched by then Prime Minister Rajiv Gandhi in 1986.

• In 2016, Saheli was incorporated in the National Family Programme of India.
• Anand is a Padma Shri recipient who is survived by his daughter Dr. Sonia Nityanand, who
serves as vice-chancellor of King George's Medical University (KGMU), and sons Neeraj
Nityanand and Dr. Naveen Nitya Anand
Italy's All-Time Leading Goal Scorer and World Cup Winner Luigi Riva Passed Away
● Luigi “Gigi” Riva, Italy’s leading all-time national team goalscorer, passed away at the age of 79.
About Luigi Riva :
● Riva, whose physical presence and powerful shooting earned him the nickname Rombo di Tuono
(Roar of Thunder), scored 35 goals in 42 appearances for the national team.
● At international level, Riva won the 1968 UEFA European Championship and was runner-up at
the 1970 FIFA World Cup with the Italy national team; he also took part at the 1974 FIFA World
Cup. With 35 goals in 42 appearances (in all official competitions) between 1965 and 1974, he is
Italy's all-time leading goalscorer..
● He was runner-up to Rivera for the Ballon d’Or trophy awarded to Europe’s best player in 1969.
● Riva played almost his entire club career with Cagliari and was Serie A top scorer when the
Sardinian team won the Italian league title for the only time in their history in 1970.
● He was honorary president of the club at the time of his death.
● He was later part of the technical staff for the Italian national team when the Azzurri won their
fourth World Cup in 2006.

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Important Monthly Current Affairs Capsule – January 2024

6. BANKING AND ECONOMY 96

7. AWARDS AND HONOURS 126

8. APPOINTMENTS & RESIGNATIONS 140

9. MOUS AND AGREEMENT 164

10. SCIENCE & TECHNOLOGY 199

11. DEFENCE NEWS 189

12. RANKING AND INDEXES 175

13. ACQUISITIONS & MERGERS 201

14. SPORTS NEWS 205

15. OBITUARIES 214

Important Monthly Current Affairs Capsule – January 2024

World Day of War Orphans: 6th January

Pravasi Bharatiya Divas Or NRI Day: 9th January

World Hindi Day: 10th January

Important Monthly Current Affairs Capsule – January 2024

Death Anniversary of Lal Bahadur Shastri 2024: 11th January

National Youth Day: 12th January

Tripura, Manipur, and Meghalaya Foundation Day: 21st January

Important Monthly Current Affairs Capsule – January 2024

Tripura, Manipur, and Meghalaya Foundation Day History:

International Day of Education: 24th January

Important Monthly Current Affairs Capsule – January 2024

Important Monthly Current Affairs Capsule – January 2024

Republic Day 2024: 26th January

Important Monthly Current Affairs Capsule – January 2024

International Holocaust Remembrance Day 2024: January 27

Indian Newspaper Day-January 29

Martyrs Day: 30th January

Important Monthly Current Affairs Capsule – January 2024

Important Monthly Current Affairs Capsule – January 2024

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Important Monthly Current Affairs Capsule – January 2024

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Important Monthly Current Affairs Capsule – January 2024

Important Monthly Current Affairs Capsule – January 2024

• Now, these parties must provide:

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Important Monthly Current Affairs Capsule – January 2024

Important Monthly Current Affairs Capsule – January 2024

Important Monthly Current Affairs Capsule – January 2024

Important Monthly Current Affairs Capsule – January 2024

Important Monthly Current Affairs Capsule – January 2024

Important Monthly Current Affairs Capsule – January 2024