Daily Current Affairs 17 & 18 November 2024 Table of content Banking and Finance National Affairs Agri Business Environment Banking and Finance RBI Report on Municipal Finances Municipal Bonds Overview 2. Piyush Goyal says RBI should cut rates, look through food prices: Understanding Inflation 3. PDS leaks costing exchequer ₹69,000 crore a year: Report Economic Think Tank Reveals 28% of Grains Leaked by Food Corporation of India (FCI) Food Corporation of India (FCI) Overview National Affairs National Housing Bank Signs Memorandums of Understanding for Interest Subsidy Scheme Pradhan Mantri Awas Yojana – Urban (PMAY-U) Mission Overview 2. Gujarat becomes India’s first state to implement a dedicated semiconductor policy: Gujarat’s Semiconductor Policy 2022-2027: A Step towards Viksit Bharat@2047 Facts about Gujarat Area 196,024 km² Population 72,653,000 Capital Gandhinagar Governor Acharya Devvrat 3. PM Modi arrives in Brazil to attend G20 Summit: Prime Minister Narendra Modi Arrives in Brazil for G20 Summit G20: Intergovernmental Forum Membership Agri Business 2. India to bridge link between farmers and industry via agri value chain development scheme: Union Agriculture Ministry Shifts PPPAVCD Implementation to Investment Division 3. Agri commodity prices rule firm despite suspension of futures trading: Suspension of Derivatives Trading in Key Agriculture Commodities in India 4. Odisha govt, ICRISAT launch compendium of regenerative agriculture: Odisha’s Government and ICRISAT Launch ‘Compendium of Regenerative Agriculture’ 5. Excess rains spurs use of more herbicides this kharif cropping season: Indian Herbicide Sales Rise Despite Excess Rains Environment “Fue Gas Desulphurisation Systems (FGD) could reduce annual SO2 emissions by 67% in coal-based thermal power plants near Delhi,” says Centre for Research on Energy and Clean Air (CREA).
Current Affairs 12 November, 2024
Daily Current Affairs 12 November 2024 Table of Content National Affairs Defense Economy Agri Business Banking and Finance National Affairs International Solar Alliance’s ‘Towards 1000’ Strategy 2. Cabinet approves PM-Vidyalaxmi scheme to provide financial support to meritorious students: PM Vidyalaxmi: A Central Sector Scheme for Meritorious Students Defence IAF C-295 Full Motion Simulator inaugurated by Air Marshal Ashutosh Dixit Economy Retail Inflation in India Understanding Inflation 2. COP29 Climate Summit Day 2 Highlights: UN Chief calls 2024 a ‘masterclass in climate destruction’: COP29 World Climate Action Summit Highlights 3. RBI, Sebi unveil rules for converting excess investment by FPIs into FDI: Foreign Direct Investment (FDI) Regulations in India 4. SBI looks to raise Rs 10,000 crore through 15-year infra bonds next week: State Bank of India (SBI) Plans to Raise Rs 10,000 Cr through 15-Year Infrastructure Bonds Agri Business ICAR’s Maize Research Institute Suggests Atoxin Level Reduction 2. Excess rains spurs use of more herbicides this kharif cropping season: Banking and Finance 1. ADB Issues its First Biodiversity and Nature Bond: 2. RBI releases 43rd half-yearly report on MFER: “Reserve Bank of India’s 43rd Half-Year Report on Foreign Exchange Reserves”
Current Affairs 10 & 11 November, 2024
Daily Current Affairs 10 & 11 November 2024 Table of Content Science and Tech India’s Digital Transformation South Asian Telecommunication Regulators’ Council (SATRC-25) Meeting Inaugurated 2. Indigenous Development of Silicon Carbide Wafers and GaN HEMT based MMIC Technology up to X-band Applications: Indian DRDO Laboratory Develops GaN/SiC Technology Atmanirbhar Bharat: A Vision for Economic Strength and Resilience National Affairs 3. Indian & Sri Lankan Coast Guards hold 7th Annual High Level Meeting in Colombo to combat transnational maritime crime & promote regional cooperation: Indian and Sri Lanka Coast Guards Hold 7th Annual High Level Meeting Indian and Sri Lankan Coast Guards Strengthen Maritime Security 7th Annual High Level Meeting between Indian and Sri Lankan Coast Guards Science and Tech 4. Scientists discover a new fire-resilient, dual-blooming species of Dicliptera in the Northern Western Ghats of India: New Fire-Resilient Dual Blooming Species Discovered in Western Ghats 5. Nano material coating developed can increase efficiency of fertilisers by slowing down their release: Nanocoating for Chemical Fertilizers: A New Approach Defence 6. Russia to deliver first of two missile frigates by month-end: Russian Imported Weapons for India Agriculture 7. 15-20 tigers missing from T’gana since years: Activists Tiger Conservation in Telangana Tiger Population in India 2022 Tiger Reserves with High Populations Banking and Finance 8. Sebi looks to expand scope of info disclosed by listed cos: Sebi Expands UPSI List for Listed Companies 9. Deposit rates at peak, RBI cut likely in Feb: SBI chief SBI’s Chairman, C S Setty, anticipates a moderate 25 basis point cut in RBI interest rates in February 2025. 10. Bank of India reports 63% jump in Q2FY25 net profit at ₹2,374 crore “BoI: Indian Public Sector Bank” National Affairs 11. Govt plans to integrate Gati Shakti portal with e-Shram database: Government Plans to Integrate e-Shram and Gati Shakti Portals e-Shram Portal Overview Gati Shakti Portal Overview Miscellaneous 12. Sariska tiger that made Jhabua home back safely: Eighty-five days after Sariska tiger ST-2303 travelled 125km and settled in a patch of forest in Haryana’s Jhabua, a team of officials managed to tranquilise the big cat and take him back to the Rajasthan reserve on Sunday. Sariska Tiger Reserve Overview
Daily Current Affairs 9 November, 2024
Daily Current Affairs 9 November 2024 Agri Business Kharif Production Estimates 2024-25 2. Food Corporation of India and State agencies procures 120.67 LMT paddy in Punjab: The KMS 2024-25 paddy procurement program has already benefited 6.58 lakh Punjab farmers with an MSP value of Rs 27995 crore. Punjab Paddy Procurement Overview Paddy Procurement Programme Overview 3. Chana prices crash as imports from Australia begin and sowing starts: Chana Prices in India Recover Madhya Pradesh is the top producer of chana in India, accounting for around 40% of the country’s total production. Rajasthan and Uttar Pradesh are the next largest producers, contributing 14% and 16% respectively. 4. Centre to develop 100 climate-resilient coastal fishermen villages: Union Government to Develop 100 Climate-Resilient Coastal Fisheries Villages 5. Students and agriculture officials grapple with logistical, technical issues during digital crop survey: Digital Crop Survey Challenges in Tamil Nadu Agri Stack: A Digital Foundation for India’s Agriculture 6. 14,081 farmers have accessed free power scheme in Krishnagiri: Krishnagiri District Overview Banking and Finance SBI Q2FY25 Financial Performance 2. LIC profit slips 4%, net premium income up 11%: Life Insurance Corporation of India Overview National Affairs QS World University Rankings: Asia 2025 Key Findings: Science and Tech ISRO’s Chandrayaan-4 Mission Announced Chandrayaan-4 Mission Overview Economy 1. India’s steel exports rise 11% in October; imports moderate for the first time this fiscal: Indian steel exports increased to 0.44 million tonnes in October, while imports moderated to 0.98 million tonnes for the first time this year due to tighter import norms. Indian Steel Exports and Imports Overview India’s Steel Imports and Exports in Fiscal Year (Apr – Oct) India’s steel production increased by 4.4% YoY from April to October, reaching 82.65 million tonnes, with 71 million tonnes originating from the private sector. 2. India plans to set up mini Silicon Valley for GCCs in Goa: Goyal India’s growth story would take the country’s economy $35 trillion in the next 25 years, says Goyal International Affairs 1. Crude Check: No clarity in trend: Brent Crude Oil Futures Analysis 2. World Bank in talks to help finance $28 billion Turkish energy upgrade, Anadolu reports: World Bank in Turkey’s Energy Transmission Upgrade World Bank Overview 3. Ahead of COP29, India to emphasise Paris Agreement red lines on climate finance: India’s Climate Finance Strategy Climate Change: A Global Emergency and the Paris Agreement Miscellaneous
Daily Current Affairs 8 November, 2024
Daily Current Affairs 8 November 2024 Science and Tech Government Launches Medical Devices Strengthening Scheme 2. HQ IDS Conducts First Annual Niche Technology Nexus Seminar on Quantum and Electronic Warfare: India’s Fisheries Sector Transformation and Drone Technology Banking and Finance State Bank of India’s Q4 Net Profit Report SBI’s Q2 Asset Quality Improvement Agri Business News Tea Production Decline in India India’s Tea Production 2. Wheat prices zoom near record highs as Centre dithers over OMSS: Wheat Prices in India Reach Record High Wheat Production in India The world produced 808.4 million tonnes of wheat in 2022. The top wheat-producing countries in 2022 were: 3. Hyderabad to host international poultry expo from November 27: Indian Poultry Expo to Be Organized by IPEMA IPEMA stands for International Play Equipment Manufacturers Association, and is the only certifying body for the play industry in the United States. IPEMA was formed in 1995 by a group of 12 playground equipment manufacturers 4. Urgent need for climate services to mitigate intensifying climate threats, says World Meteorological Organization: Climate Services Needed for Mitigation, Adaptation, and Resilience amidst Climate Change “WMO: United Nations’ Specialized Agency” Formation: 23 March 1950 Headquarter: Geneva, Switzerland President: Abdulla Al Mandous (UAE) Economy Indian Chief Economic Advisor Assuages Trade War Concerns 2. GST Council likely to meet soon after winter session, insurance to be in focus: GST Council Meeting Post-Winter Session in India 3. Govt advances release time of GDP data by 90 mins to 4 pm: MoSPI Revises GDP Estimate Release Time 4. SEBI to consider demerger of equity exchanges, clearing corporations: SEBI’s Consideration for Equity Clearing Corporations Demerger 5. Department of Agriculture and Farmers’ Welfare releases First Advance Estimates of major agricultural crops (Kharif only) for 2024-25: Kharif Production Estimates 2024-25 6. Department of Consumer Affairs, Government of India organizes day long Round Table consultation on ‘Food Price Management and Expanding Pulses & Horticultural Crop Production in North Eastern Region’: North-East States Urged to Increase Pulse Production 7. Union Minister of State Shri George Kurian inaugurates workshop on Application and Demonstration of Drone Technology in Fisheries and Aquaculture: India’s Fisheries Sector Transformation and Drone Technology Security Indian Military Heritage Festival Launched by Chief of Defence Staff General Anil Chauhan 2. INDIA- AUSTRALIA JOINT MILITARY EXERCISE AUSTRAHIND COMMENCES IN MAHARASHTRA: Exercise AUSTRAHIND: 3rd Edition
Daily Current Affairs 7 November, 2024
Daily Current Affairs 7 November 2024 Agri Business News America First: A Populist Political Theory 2. Urad imports from Brazil increase to 22,000 tonnes till October: Australia’s chana production is estimated to be 13.3 lakh tonnes this year, up from 4.9 lakh tonnes in 2023, primarily for export to India. Brazil’s Urad Imports and Australian Chana Trade India’s Onion Production and Procurement Points to Remember: 3. Govt withdraws sugar stock disclosure order citing comfortable domestic availability: The Food Ministry reports that the country has enough sugar to meet domestic demand year-round, following a review of sugar prices and availability. India Withdrew Stock Disclosure Order on Sugar Traders Indian Sugar Production Estimate for 2024-25 Season 4. Centre doubles fines for stubble burning: Delhi Pollution Control Committee Analysis Stubble burning, a common method for clearing fields after harvesting grains like rice and wheat, is a significant contributor to air pollution and a significant health risk due to its cheap and quick disposal. 5. Storage in key reservoirs down a tad this week: India’s Major Reservoir Storage Decline Northern Region Storage Levels and Storage Conditions Central Water Commission Central Water Commission (CWC) is a premier Technical Organization of India in the field of Water Resources. Formation: 1945 Minister: Chandrakant Raghunath Patil (Union minister of Jal Shakti) Chairman: Kushvinder Vohra Commission’s Responsibilities: 6. Lifting of MEP on non-Basmati rice helps India compete globally: Indian Affairs Indian Supreme Court’s Majority Vote on Private Property Acquisition Justices Nagarathna and Dhulia’s Opinions on Article 39(b) Justice Nagarathna: 2. ₹4.8 crore loan fraud scheme unearthed at SBI Sanathnagar, eight more arrested: SBI Loan Fraud Scheme Arrested 3. One Rank One Pension (OROP) scheme is a tribute to the courage and sacrifices of our veterans and ex-service personnel: Prime Minister: Prime Minister Narendra Modi Commemorates Ten Years of One Rank One Pension (OROP) Scheme One Rank One Pension (OROP) in India: A Policy Shift and Impact Impact on Veterans and Their Families Economy CTOs Discuss AI, Cybercrime, and Regulatory Compliance at BFSI Insight Summit 2024 Science and Tech 2. BS BFSI Summit: Indian data not yet ready for AI decade, say CTOs: CTOs Discuss AI, Cybercrime, and Regulatory Compliance at BFSI Insight Summit 2024 3. C-DOT and CSIR-CEERI signs agreement for “Development of Multiport Switch with Tuneable Impedance Matching Network for a Single Broadband Antenna to Cover 2G, 3G, 4G and 5G Bands”: India’s Centre for Development of Telematics (C-DOT) and CSIR-CEERI collaborate on a Multiport Switch for a Single Broadband Antenna.
Daily Current Affairs 6 November, 2024
Daily Current Affairs 6 November 2024 National Affair Supreme Court Ruling on Community Resources 2. India´s domestic air tariff up 43% in 5 yrs, just behind Vietnam: India’s Domestic Fare Increase in 2024 3. Solar cell manufacturing to outstrip global demand by 2024: report The World Solar Market Report 2024 reports significant growth in the solar sector in 2023, with solar cell, wafer, and module capacity nearly doubling compared to the previous year. Global Solar Manufacturing Capacity to Reach Over 1,100 GW by 2024 COP 29, the UN Climate Change Conference, will commence in Baku, Azerbaijan, on 11 November, aiming to urgently address the global climate crisis. 4. Press release by itself can’t amend law: SC Environment and Ecology 1. 25 of 75 Ranthambore tigers go missing in a yr: Ranthambore Tiger Reserve in Rajasthan Disappears Ranthambore National Park Overview 2. Pilikula zoo gets new attractions in the form of Asiatic Lion, other animals and birds: Pilikula Biological Park Acquires Wild Animals and Birds from Nandankanan Zoological Park Pilikula Nisarga Dhama: Eco-Education and Tourism Development Project 3. Black Wash: A Clean Sweep That Stinks: India’s Top 10 Most Polluted Cities in October Air Quality Index (AQI) Overview Banking and Finance “Business Standard BFSI Insight Summit 2024”: Exploring India’s Economic Prospects 2. IPO filings surge in 2024, fuelled by domestic liquidity, stable macros: IPO Filings Surpass Record IPO Market Performance: Over ₹1.03 Lakh Crore IPO An initial public offering (IPO) is when a private company sells shares of its stock to the public for the first time. This process allows the company to raise funds and become a publicly-traded company. First IPO in India Science and Tech 1. Suhora Technologies launches space image aggregating platform: Union Minister of State Launches ‘Spade’ Platform Indian Space Association (ISPA) Overview Agriculture On November 8, a workshop will be held to educate on drone applications for tasks like aquaculture input dispensing, water body monitoring, and marine mammal assessments. Drone Applications in Marine Fisheries Sector Ministry of Fisheries, Animal Husbandry and Dairying in India 2. Stubble burning incidents drop by a half, but UP, Rajasthan have higher cases: Uttar Pradesh experienced a 17% increase in stubble burning incidents from 1,102 to 1,288 in the previous year, while Rajasthan saw a 9% increase from 982 to 1,072. Stubble Burning Incidents in India Stubble Burning in Northern India Sports India’s performance in Paris Olympics 2024: India won six medals in total including one silver and five bronze, three of which come from shooting. This was India’s joint second highest total medal haul after the previous Games.[10] Manu Bhaker won the first medal for India in the women’s 10 m air pistol event.
Daily Current Affairs 5 November, 2024
Daily Current Affairs 5 November 2024 Table of contents Global Corporations Establish Support Service Centres in India 2. Department of Agriculture and Farmers’ Welfare releases First Advance Estimates of major agricultural crops (Kharif only) for 2024-25: Kharif Production Estimates 2024-25 3. Indian Rare Earths Limited, (IREL) and Ust-Kamenogorsk Titanium and Magnesium Plant JSC, (UKTMP JSC) Kazakhstan Signed an Agreement to Establish Indo-Kazakh Joint Venture Company (JVC): IREUK Titanium Limited for production of Ti Slag in India: Indo-Kazakh Joint Venture: IREUK Titanium Limited 4. Shri Surjit Bhujbal, CBIC Member (Customs) participates in a seminar on ‘Gender Inclusivity in Customs supply chain’, organised by CGST & Customs Zone Pune: “Shari Surjit Bhujabal’s Keynote Address on Gender Inclusivity in Customs Supply Chain” Gender Inclusivity Initiatives at Customs 5. Bharat Forge, Tata likely to get DRDO-made Towed Guns Deal: INDIGENOUS MARCH Bharat Forge has emerged as lowest bidder in ₹7,000 cr deal for advanced towed artillery gun systems Bharat Forge Wins ₹7,000 Crillion Bid for Advanced Towed Artillery Gun Systems (ATAGS) 6. Manufacturing gains pace; Oct PMI up at 57.5 on rising demand: Manufacturing Sector Performance in October 7. Farmers’ reliance on paddy and maize threaten pulses, oilseeds crops: Policymakers face challenges in aligning crop patterns with the country’s needs due to the shift from pulses and cash crops to stable paddy and maize. India’s 2024 Kharif Season Production and Production Overview 8. India’s cotton and pulses farmers shift to paddy, set to produce record 120 million tonnes rice: Area under paddy this year surged to record 43.37 million hectares (mh) from 40.73 mh year-ago. India’s 2024 Kharif Season Production and Trends 9. 25% dip in urad output to drag down pulses production despite rise in area: Kharif Pulses Production Decline and Import Impact 10. Oil India Q2 net surges to ₹1,834.07 crore, declares ₹3 interim dividend: Oil India’s Q4 Net Profit Increase India’s National Oil Companies Ministry: Ministry of Petroleum and Natural Gas The Ministry of Petroleum and Natural Gas (MOPNG) in India is led by the Cabinet Minister, Hardeep Singh Puri. 11. Government re-starts sales of rice, atta under ‘Bharat’ brand, raises prices: Food Minister Pralhad Joshi Launches Retail Sales of Wheat and Rice Ministry –Minister of Consumer Affairs, Food and Public Distribution Concerned agencies – NCCF, NAFED and Kendriya Bhandar Ministry of Consumer Affairs, Food and Public Distribution: 12. Haresh Vyas is Chairman of World Castor Sustainability Forum: World Castor Sustainability Forum (WCSF) Appoints Haresh Vyas as First Chairman WCSF: Indian Organization for Sustainable Castor Production
Daily Current Affairs 4 November, 2024
November 4, 2024 Table of content Inflation pressures surged due to a three-month high in input costs, primarily attributed to freight, labour, and material costs, according to a survey. India’s Manufacturing Activity Recovers in October 2. Deciphering the proposed changes in REIT and InvIT regulations: SEBI’s Consultation Paper on Regulations for Real Estate Investment Trusts and Infrastructure Investment Trusts 3. RBI warns NBFCs against aggressive business growth, warns of action: RBI Warns Non-Banking Finance Companies 4. SEBI lens on IPO pricing as more firms tap market: SEBI Signs Off on IPO Pricing SEBI’s Approach to IPO Pricing 5. Revenue Impact: GST Revenue Trends: GST Revenue Trends in India 6. Sharing of resources: Fishermen and the Palk Bay dispute: India-Sri Lanka Fisheries Meeting Highlights 7. Maharashtra’s experiment of using organic farming as tool to tackle agrarian crisis draws attention: Since 2020, 9,600 farmers in Vidarbha region have not committed suicide due to agrarian crisis, according to an official. Organic Farming Project in Maharashtra 8. Strengthening the India link in the Indo-Pacific Economic Framework for Prosperity: US-India Relations and the Quad Summit India’s Acceptance of the Indo-Pacific Economic Framework for Prosperity (IPEF) Rise in Trade and Clean Economy Clean Economy Goal and Benefits The Fair Economy Agenda A Focus on Supply Chains Consensus Building and the IPEF 9. Tamarind Water and Buttermilk Saved Bandhavgarh Elephants: 10. Growth may Have Slipped in Rainy Q2 but Forecast for Fiscal is Sunny: The median GDP forecast for July-Sept is 6.8%, lower than the RBI’s 7% forecast, with FY25 projections at 6.8-7.1%. India’s Economic Growth Moderates in July-September due to Slowdown in Consumption and Investment 11. Centre Rejects Punjab Govt’s Stubble Funding Demand: The Punjab government, led by AAP, has proposed a ₹2,000 crore farmer incentive scheme, with the Centre funding the majority, prompting the central government to follow Haryana’s lead. Punjab and Union Agriculture Ministry Battle Over Stubbling Incentives
Daily Current Affairs 3 November, 2024
November 3, 2024 Table of content 1. Punjab paddy procurement crosses 8.5 MT, Centre says ops in full swing: Punjab Procures 85.41 Lakh tonnes of Paddy in 2024-25 Kharif Marketing Season 2. Punjab records 379 farm fire cases, maximum 66 in Sangrur district: Punjab’s Farm Fires Increase 3. Unprecedented floods that killed more than 200 in Spain: Flash Floods in Eastern Spain Flash Floods in Spain: Causes and Impact Spain’s Mediterranean Coast Experiences Powerful Flash Floods 4. The key takeaways from COP-16: Convention of Biological Diversity (CBD) 16th Edition in Cali, Colombia COP 16: AI in Global Ecosystems Atlas Development 5. A decade of India’s transformative sanitation mission: The Swachh Bharat Mission, a global sanitation revolution, is not just a success for India but also a significant achievement globally. Swachh Bharat Mission Swachh Bharat Mission: Transformational Impact on India India’s Sanitation Revolution: A Global Progress 6. India commits to protect 30% land, marine area in upgraded biodiversity plan: India’s diverse topography and climate make it a global biodiversity power, home to over 55,000 plant taxa and 100,000 animal species. India’s Updated Biodiversity Action Plan India’s Biodiversity Goals India’s New Biodiversity Conservation Strategy Regulatory Protection and Biodiversity Conservation in India 7. The PM scheme is predominantly offered by energy, automotive, and banking sectors for internships: The PM internship scheme has offered over 125,000 internships, with energy, automotive, banking, financial services, and travel and tourism sectors accounting for two-thirds of these opportunities. Internship Opportunities Overview 8. India may extend bid deadline for coal gasification scheme: Union Government May Extend VGF Bid Submission Deadline for Coal Gasification Projects Coal Gasification Projects in India 9. Firms sanctioned by US not in violation of Indian laws: MEA: Indian Government Responds to US Sanctions on Indian Entities 10. Eye on moon voyage, Isro gets 1st analog space mission: India’s First Analog Space Mission Launched at Leh, Ladakh