Daily Current Affairs 1 & 2 December, 2024 National Affairs 1. PM Narendra Modi Calls for ‘SMART Policing’ in Police Forces 2. INDIA AND CAMBODIA COMMENCES INAUGURAL JOINT TABLE TOP EXERCISE CINBAX IN PUNE Indian Army and Cambodian Army Joint Table Top Exercise, CINBAX begins at Foreign Training Node, Pune. 3. UPI: Revolutionizing Digital Payments in India In October 2024, Unified Payments Interface (UPI) achieved a historic milestone by processing 16.58 billion financial transactions in a single month UPI: One Mobile Application for India’s Economic Prosperity 4. “World AIDS Day 2024 Commemoration Inaugurated” World AIDS Day 2024: India’s Commitment to HIV/AIDS Rights Union Health Minister Shri Nadda’s AIDS Fighting Guidelines 5. INDIA – MALAYSIA JOINT MILITARY EXERCISE HARIMAU SHAKTI COMMENCES IN BENTONG CAMP, MALAYSIA India-Malaysia Joint Military Exercise HARIMAU SHAKTI: 4th Edition It will begin at Bentong camp, Pahang district, Malaysia from 2nd to 15th December 2024. it is being done for developing joint military capability against counter insurgency in jungle area. The exercise will be held in two phases-cross training and simulated exercises. Banking/Finance 1. RBI likely to hold rates Expected Interest Rate Cut by Reserve Bank of India Repo Rate Reverse Repo Rate in India 1. An increase in Bank Rate generally indicates that the market rate of interest is likely to fall. (UPSC CSE, 2013) Ans: d) Central bank is following a tight money policy. See more MPC related UPSC PYQ… 2. ´ Har Ghar Lakhpati´: SBI´s new mantra for deposit accretion State Bank of India Strategy to Enhance Deposit Accretion State Bank of India (SBI) 3. Indian Government Plans to Double Wage Ceiling for Employees Provident Fund (EPF) and Employees State Insurance Corporation (ESIC) Centralized Pension Payment System (CPPS) 4. Banking System Liquidity Slips into Deficit A foreign exchange intervention is an action taken by a central bank usually to control exchange rate volatility. This stability is achieved by either buying or selling a currency in the foreign exchange market.Countries may intervene as well in order to weaken their currencies against those of other countries. This is done in an attempt to make the prices for their exports more attractive to international buyers. Also read: Inflation Q- With reference to the Indian economy, consider the following statements: (UPSC PRE-2022) Which of the statements given above are correct? (a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3 Answer- Option B 5. GST Collection Drops Despite Festive Season Agri Business 1. Stubble burning ends season with 34% fall, Punjab records lowest cases since 2016  India: Stubble Burning Trending Down Incidents of stubble burning in India decreased more than 34% to 37,602 from 57,242 in 2023Government officials say that it is a result of efforts made by the administration towards the education of the farmers and also proper management of paddy strawFarmers choose a time so they will not be detected by the satellites: media reports. Read more… 2. FCI’s new norms in first wheat tender to eliminate millers having ‘excess’ stock India’s First Weekly E-auction for Wheat Also read: Food Corporation of India (FCI) 3. FSSAI classifies packaged drinking water as ‘High Risk Food Category’ Food Safety and Standards Authority of India (FSSAI) Classifies Packaged Drinking and Mineral Water as a “High Risk Food Category” Also read: Food Safety and Standards Authority of India (FSSAI)