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
Daily Current Affairs 2 November, 2024
November 2, 2024 Table of content The Digital Agriculture Mission, funded at ₹2.817 crore, aims to establish a comprehensive database on crop data, enhance nutritional security, and boost livestock production. Union Cabinet Approves Seven Schemes for Agriculture Sector 2. GST receipts’ growth rebounds in October, but still off target: October collections reached ₹1.87 lakh crore, marking the second highest monthly collection on record, with growth reaching 8.9% from September’s 6.5% increase. India’s Gross Goods and Services Tax (GST) Collections and Net Revenues GST Overview in India 3. Zelenskyy urges allies to take action before North Korean troops reach the front: Ukraine’s President Volodymyr Zelenskyy has urged allies to stop “watching” and take action before North Korean troops in Russia reach the battlefield. North Korean Troops Deployment in Russia Russia-Ukrainian War Overview 4. IPO-bound HDB Financial’s valuation faces two hurdles: HDB Financial Services Ltd’s IPO and Valuation Concerns HDB Financial Services Overview
Current Affairs 01 November, 2024
November 1, 2024 Table of content The majority of the capital’s areas have an Air Quality Index (AQI) exceeding 350, causing significant health concerns among its residents. Delhi Air Pollution Rises 14 Times WHO Limit India’s Air Quality Index (AQI) Overview About WHO Formation: 7 April 1948 Headquarters: Geneva, Switzerland Director General: Tedros Adhanom Ghebreyesus
Daily Current Affairs 30 & 31 October, 2024
October 30-October 31, 2024 Table of content Finance Minister Nirmala Sitharaman has approved the creation of Chief General Manager post (CGM), below board level, in five more nationalised banks. About Chief General Manager Role in Nationalized Banks Nationalization of Banks in India 2. Dr. Mansukh Mandaviya Launches ‘eShram – One Stop Solution’ for Welfare of Unorganised Workers: Union Minister of Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya launched “eShram – One Stop Solution” in New Delhi today. Union Minister of State for Labour & Employment, Sushri Shobha Karandlaje, Secretary and other senior officials of Ministry of Labour & Employment were also present on the occasion. Key Highlights e-Shram Portal Overview 3. The 75th International Astronautical Congress (IAC) in Milan, Italy, is set for 14-18 October 2024: The event will bring together over 8,000 experts from industry, research, and institutions. The event aims to highlight the importance of Space as an environment for peaceful exploration, peaceful use, and international cooperation. The motto of the IAC 2024 is “Responsible Space for Sustainability.” International Astronautical Congress (IAC) Overview 4. Equitas Small Finance Bank introduces ‘Selfe Loans’ to support small businesses ahead of the festive season: Equitas Small Finance Bank Launches Selfe Loans Equitas Small Finance Bank Overview 5. Solex Energy collaborates with State Bank of India to offer financing for solar projects Solex Energy has partnered with the State: Solex Energy and SBI Partner for Solar Financing Solex Energy Limited: India’s Solar Energy Solutions Products: Services: Applications: History: Presence: State Bank of India Overview Surya Shakti Solar Finance Scheme Overview 6. India-Spain Joint Statement during the visit of President of Government of Spain to India: President Pedro Sanchez’s Official Visit to India India-Spain Defense and Economic Partnerships 7. The US, Japan, and South Korea launched the DiGi Framework to bolster digital infrastructure in India, focusing on 5G, AI, and smart cities: US, Japan, South Korea Launch DiGi Framework for India United States International Development Finance Corporation (DFC) Formed December 20, 2019 Preceding agency Overseas Private Investment Corporation (OPIC) and Development Credit Authority (DCA) of the United States Agency for International Development (USAID) Headquarters Washington, D.C. Motto Investing in Development Agency executives Scott A. Nathan, Chief Executive Officer Nisha Desai Biswal, Deputy Chief Executive Officer Source: Wikipedia 8. Shaktikanta Das receives A+ grade in the central bank report cards 2024: RBI Governor Shaktikanta Das Receives A+ Grade in Central Bank Report Cards 2024 Governor Das’ Achievements and Foreign Exchange Reserve Expansion RBI Overview 9. Union Minister Piyush Goyal visits Saudi Arabia to strengthen India-Saudi Partnership: Union Minister Piyush Goyal Visits Saudi Arabia Highlights One District One Product (ODOP) Program in India Goals: Products: Selection Process: 10. Prime Minister Modi Launches Multiple Health Sector Projects on Dhanvantari ayanti and Ayurveda Day: Prime Minister Narendra Modi’s Health Initiatives and Initiatives Some other findings Ayush’s Impact on Health and Economy
Daily Current Affairs 29 October, 2024
October 29, 2024 Table of content Prime Minister Shri Narendra Modi inaugurated the International Telecommunication Union – World Telecommunication Standardization Assembly (WTSA) 2024 in New Delhi, and also inaugurated the 8th edition of India Mobile Congress, showcasing an exhibition. Prime Minister Modi Highlights Prime Minister’s Highlights on India’s Connectivity and Telecom Reforms About World Telecommunication Standardization Assembly (WTSA): WTSA-24 Date: 15 October 2024-24 October 2024 Location: New Delhi, India Participants: Member states of the international Telecommunication Union 2. BharatPe has rebranded its 12% Club app to invest in the wealth management sector: BharatPe has rebranded its 12% Club app to Invest BharatPe, indicating a shift towards investment and wealth management. Key Highlights: About BharatPe :Founded : 2018 Headquarters : New Delhi, IndiaCEO : Nalin Negi 3. European Investment Bank Approves €300 Million Funding for Bengaluru Suburban Railway Project: EIB Global has granted a €300 million loan for the Bengaluru Suburban Railway .-Project, aiming to construct a new suburban railway network covering four designated corridors in Bengaluru. EuropeAan Investment Bank Vice-President Nicola Beer and Karnataka Rail Infrastructure Development Company Ltd Director Awadhesh Mehta announced a €300 million loan for a new suburban railway network in Bengaluru, covering four dedicated corridors and extending 149 km with 58 stations and two depots. Project Specifications: European Investment Bank Overview Founded: 1958 Headquarter: Kirchberg, Luxembourg President: Nadia Calviño Owner: EU member states About Bengaluru Suburban Rail Project (BSRP) 149.348 km commuter rail network with 64 stations in Bangalore, Karnataka. Operational: 0 km | Under Construction: 8.027 km | Approved: 141.321 km Elevated Routes: 45.392 km | At-Grade Routes: 103.856 km
Daily Current Affairs 28 October, 2024
28 October, 2024 Table of contents: National Payments Corporation of India’s arm NPCI Bharat BillPay Ltd (NBBL) is aiming to process over 1 billion transactions a month in upcoming 2-3 years. About Bharat Connect: Bharat Connect is a digital public infrastructure in India that allows customers and businesses to pay bills and collect payments as well. Founder: Sheeza Khan CEO: Noopur Chaturvedi Launched in: 2017 2.India has over 11.5 lakh children vulnerable to child marriage: NCPR report A study has been done in order to identify children risk of child marriage by National Commission for Protection of Child Rights (NCPR). Key Findings: About National Commission for Protection of Child Rights (NCPR): The National Commission for Protection of Child Rights (NCPCR) was established in 2007 and is a government organization of India that primarily promotes and safeguards the rights of children under the 2005 Act. NCPCR’s Role and Responsibilities: Schemes related to promoting Child literacy and Empowering Girl Child in India: Beti Bachao, Beti Padhao (BBBP) Schemes Sukanya Samriddhi Yojana Scheme for Adolescent Girls (SAG) Scheme for Promotion of Menstrual Hygiene Udaan Kasturba Gandhi Balika Vidyalaya (KGBV) PM CARES for Children 3. Ministry of Rural Development signs MoU with ten banks to promote individual financing for higher order enterprises: Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY NRLM) Signs Memorandum of Understanding with Public Sector Banks. Lakhpati Didi: Lakhpati Didi Initiative Overview Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) Overview: 4. State Bank of India Study Shows 74.2% Decline in Income Disparity AmongIndividuals Earning Up to Rs 5 Lakh: A report from the State Bank of India (SBI) indicates a cumulative 74.2% decline in income disparity for individuals earning up to Rs 5 lakh annually between fiscal years 2013-14 and 2022-23. Impact of Income Tax on Lower Income Groups Regional Tax Filing Trends Direct Tax Contribution ITR Filings 5. India’s forex reserves decline by $2.16 billion, reaching $688.26 billion: Government data: India’s foreign exchange reserves fell by $2.163 billion to $688.267 billion for the week ending October 18, 2024, a significant decrease from the previous week’s decline of $10.746 billion. Reserves and Exchange Rates in India About Forex Reserve: Facts to remember: 6. Reserve Bank of India Cancels Authorization Certificate of UAE Exchange Centre: