Daily Current Affairs – December 01, 2023
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Daily Current Affairs - Banking - December 01, 2023
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National News
Jal Shakti Ministry will organize Jal Itihas Utsav in New Delhi
- Ministry of Jal Shakti organized Jal Itihas Utsav in New Delhi.
- It aims to raise public consciousness about safeguarding water heritage sites, creating a sense of ownership among the masses as well as promote tourism.
- The grand event marks the culmination of Water Heritage Fortnight being celebrated in various districts across the nation at 75 Natural Water Heritage Structures.
- It also marks the successful completion of the Jal Shakti Abhiyan: Catch the Rain 2023 campaign.
- The purpose of this event is to highlight the centrality of water bodies as cherished spaces for community connect.
- Ministry of Jal Shakti – Gajendra Singh Shekhawat,Union Minister (Jodhpur,Rajasthan) – Prahlad Singh Patel,Minister of State (Damoh,MP) & Bisweshwar Tudu,Minister of State (Mayurbhanj,Odisha)
Kerala’s farm workers have been the highest paid since FY15
- According to the RBI’s Handbook of Statistics on Indian States released in November 2023, On an average, a male agriculture worker in rural India earned ₹345.7 per day in FY23, the financial year that ended on March 31, 2023.
Rank
State
Daily Wages
1
Kerala
₹764.30
2
Himachal Pradesh
₹473.30
3
Tamil Nadu
₹473.00
4
Punjab
₹424.80
5
Haryana
₹393.30
Bottom 5
Bihar
₹308.7
Bottom 4
Maharashtra
₹303.50
Bottom 3
Odisha
₹285.10
Bottom 2
Gujarat
₹241.90
Bottom 1
Madhya Pradesh
₹229.20
Dharmendra Pradhan laid the foundation stones for six projects
- Union Minister for Education and Skill Development & Entrepreneurship, Dharmendra Pradhan, laid the foundation stones for six projects and inaugurated a Kendriya Vidyalaya at NIT Rourkela.
- These projects will further strengthen the teaching, learning, innovation and skilling environment at the institution.
- These projects, including hostels for boys and girls, and faculty residences, will boost capacities and make campus life more vibrant in line with National Education Policy 2020.
- Ministry of Education – Dharmendra Pradhan,Union Minister (Rajya Sabha MP,MP) – Subhas Sarkar, Minister of State (Bankura, West Bengal), Annpurna Devi Yadav, Minister of State (Kodarma, Jharkhand), Rajkumar Ranjan Singh, Minister of State (Inner Manipur,Manipur)
State News
‘Viksit Bharat Sankalp Yatra’ in Haryana
- Haryana Chief Minister Manohar Lal launched the outreach programme ‘Viksit Bharat Sankalp Yatra’ by flagging off the IEC awareness van from Fatehpur Biloch village in Faridabad district of Haryana.
- The Yatra will carry the welfare initiatives of the Central and State Governments to every household, ensuring the upliftment of individuals at the grassroots level in the spirit of Antyodaya.
- Haryana – Chandigarh (Capital) – Manohar Lal Khattar (CM) – Bandaru Dattatreya (Governor) – Hindi (Language)
24th edition of Hornbill Festival
- The 24th edition of the Hornbill Festival (“festival of all festivals”) is celebrated at the Naga Heritage Village Kisama in Southern Angami region of Kohima District.
- The main hornbill stage will feature 40 Bands and acts comprising of 800 artists throughout the 10-day festival, with participations of bands from Germany, USA, Colombia, South Korea, some of the biggest names in the Indian music scene, Nagaland and the Northeast.
- Launched in 2000 as a collaborative event of Nagaland Tourism and the Art & Culture Department, what began as an effort to bring tribes together has evolved into a global spectacle, highlighting traditional music, dance, arts and folk cultures.
- The festival derives its name from the Indian hornbill, a bird revered in the folklore of Nagaland’s tribes.
- Nagaland – Kohima (Capital) – Neiphiu Rio (CM) – La. Ganesan (Governor) – English (Language)
Walmart Foundation announced $1.2 m grant to empower 15,000 women farmers in UP
- Walmart Foundation had announced a grant of $1.2 million to the Transform Rural India Foundation (TRIF).
- The grant is aimed at improving the rural livelihoods of 15,000 women farmers in Uttar Pradesh to increase their average base income.
- The two-year project will primarily focus on creating 10 self-sustainable women-led FPOs (Farmer Producer Organisations) and a platform for women farmers to strengthen and diversify their livelihoods.
- As part of this project, the FPOs will receive assistance to develop business plans, and post-harvest infrastructure, and to build necessary systems and processes, including institutional operating spine (digital book-keeping, management control systems, standard operating procedures).
- Walmart Foundation – 1982 (Founded) – Bentonville, AR, USA (HQ) – Kathleen McLaughlin (President)
Banking and Finance
Monetary penalty by RBI
- The Reserve Bank of India (RBI) imposed a monetary penalty of ₹10,000 on HDFC Bank for accepting deposits from non-residents and flouting RBI’s directions under the Liberalised Remittance Scheme of FEMA, 1999.
- The Reserve Bank of India had also imposed a monetary penalty of ₹10,000 on Bank of America, N.A. in exercise of powers vested in the Reserve Bank under the provisions of Section 11(3) of FEMA, 1999, for violation of the Reserve Bank of India’s instructions on reporting requirements under the Liberalised Remittance Scheme of FEMA 1999.
- Bank of America Corporation – 30/09/1998 (Founded) – North Carolina (HQ) Brian Moynihan (Chairman and CEO)
Business and Economy
India's GDP growth in July-September Quarter
- India’s Gross Domestic Product (GDP) registered a growth of 6% in the July-September quarter.
- It was 4% in the same quarter last year.
- In the first quarter of 2023-24 (FY24), India’s GDP grew by 8%.
National Statistical Office FY24 Q2 GDP
- The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation announced the Gross Domestic Product (GDP) data, for the second quarter (Q2), spanning July to September months of the financial year (FY) 2023-24.
- The second quarter GDP growth stood at 6%.
- Agriculture, livestock, forestry & fishing industry grew 2% in Q2 FY24.
- Mining & quarrying grew 10% in Q2FY24.
- The manufacturing sector grew at 9%.
- The construction sector grew at 3% in Q2FY24.
India's fiscal deficit between Apr-Oct 45% of FY24 target
- India’s fiscal deficit between April and October in the current financial year (FY24) touched 45% of the Centre’s 2023-24 target of ₹17.87 trillion.
- In the corresponding period last year, the deficit was 6% of the budget estimates for 2022-23.
- The fiscal deficit is the difference between the expenditure and revenue of the Centre.
Agreements and MoUs signed
NITC signed MoU with IIST to promote cooperation in research
- The National Institute of Technology Calicut (NITC) and the Indian Institute of Space Science and Technology (IIST), Thiruvananthapuram have inked a Memorandum of Understanding (MoU) to promote cooperation in research, academic, and other areas of mutual interest.
- The MoU will help both the institutions to exchange information on research and academic programmes.
- The institutes would collaborate on joint supervision of MTech and PhD thesis works and conducting conferences, seminars, and workshops jointly.
- The collaboration will encourage research in the field of space science and technology.
Summit and Conference
40th Coast Guard Commanders’ Conference
- Raksha Mantri Rajnath Singh inaugurated the 40th Coast Guard Commanders’ Conference in New Delhi.
- The three-day conference aims at addressing contemporary maritime challenges and fortifying the country’s coastal surveillance mechanisms.
Acquisitions and Mergers
SBI MF got RBI nod to buy stake in Karur Vysya Bank
- The Reserve Bank has given its approval to SBI Mutual Fund (SBI MF) for acquiring up to 99% of the paid-up share capital or voting rights of Karur Vysya Bank Ltd (KVB).
- SBI Mutual Fund – 1987 (Founded) –Mumbai (HQ) – Shamsher Singh (Managing director & Chief Executive Officer)
Appointments
Director General (Inspection and Safety) at Air HQ
- Air Marshal Makarand Ranade assumed the appointment of Director General (Inspection and Safety) [DG (I&S)] at Air HQ New Delhi by succeeding Air Marshal Sanjeev Kapoor.
- The Air Marshal was awarded Vayu Sena Medal (Gallantry) in 2006 and Ati Vishisht Seva Medal in 2020.
- Indian Air Force (IAF) – 26/01/1950 (Founded) – New Delhi (HQ) – Airforce Day (October 08) – Air Chief Marshal Vivek Ram Chaudhari (Chief of Air Staff) – ‘Touch the sky with Glory’ (Motto)
Awards and Recognitions
‘Légion d’Honneur’ (National Order of the Legion of Honour)
- Lalithambika VR, 60, was conferred the ‘Légion d’Honneur’ (French highest civilian award) for her engagement in space cooperation between France and India by the Ambassador of France to India, Thierry Mathou in Bengaluru.
- The scientist, who was the director of the Human Spaceflight Programme at the ISRO, has been recognised by France for her role in the signing of the first joint agreement for cooperation between the French National Space Agency CNES and the ISRO on human spaceflight in 2018 where the two agencies agreed to work in the area of space medicine.
- She is also credited for coordinating another Indo-French agreement on the Indian astronaut programme in
- Under this agreement, the CNES will train India’s flight physicians and the CAPCOM mission control teams for human spaceflights in France at the CADMOS centre for the development of microgravity applications and space operations at the CNES in Toulouse and at the European Astronaut Centre (EAC) in Cologne, Germany.
- She was the first director of the directorate of the human space programme at the ISRO in 2018.
- She is the second ISRO scientist after former ISRO chairman A S Kiran Kumar to be awarded the Legion d’Honneur of France(National Order of the Legion of Honour) for promoting Indo-French space cooperation.
- He was awarded the honour in 2019.
Chevalier dans l’Ordre des Arts et des Lettres (Knight of the Order of Arts and Letters)
- Arshia Sattar, eminent scholar of Indian literature and mythology, acclaimed translator, author, and co-founder and director of the literary residency, Sangam House, was conferred the insignia of Chevalier dans l’Ordre des Arts et des Lettres (Knight of the Order of Arts and Letters) by Thierry Mathou, Ambassador of France to India, at a special ceremony at the Consulate General of France in Bengaluru.
- France – Paris (Capital) – Euro (Currency) – Emmanuel Macron (President) – Élisabeth Borne (Prime Minister) – French (Language)
Important Days
World AIDS Day 2023
- World AIDS Day is annually observed on December 01.
- The day is dedicated to raising awareness of the AIDS pandemic caused by the spread of HIV infection and mourning those who’ve died of the disease.
- World AIDS Day is one of the eleven official global public health campaigns marked by the World Health Organization (WHO).
- World AIDS Day was first conceived in August 1987 by James W. Bunn and Thomas Netter, two public information officers for the Global Programme on AIDS at the World Health Organization in Geneva, Switzerland.
- The day was first observed on December 01 1988.
- Theme – Let Communities Lead
- According to World Health Organisation 39 million people around the world were living with HIV.
- It said, more than six lakh 30 thousand people died of HIV related illnesses worldwide last year.
- World Health Organization (WHO) – 07/04/1948 (Founded) – Geneva, Switzerland (HQ) – Tedros Adhanom (Director-General)
Defence
Three anti-submarine warfare ships were launched
- The first of the three ships in a series of eight Anti-Submarine Warfare (ASW) shallow water crafts being built by the Cochin Shipyard for the Indian Navy were launched concurrently at the shipyard premises.
- The ships that would be named INS Mahe, INS Malvan and INS Mangrol upon commissioning into the Navy were launched in the presence of Vice Chief of Naval Staff Vice Admiral Sanjay J. Singh; Commander in Chief of Strategic Forces Command Vice Admiral Suraj Berry and Commandant of Indian Naval Academy Vice Admiral Puneet Bahl, by their spouses Anjali Bahl, Kangana Berry and Zarine Lord Singh.
- The shipyard inked the contract with the Ministry of Defence to build a total of eight ASW vessels in
- These Mahe class of ships will replace the Navy’s in-service Abhay class ASW corvettes and are designed for anti-submarine operations in the coastal waters, low-intensity maritime, mine laying and sub-surface surveillance operations.
- They are also capable of coordinated ASW operations with aircraft, and search and rescue.
- They are equipped with light-weight torpedoes, ASW rockets and mines, close-in weapon system (30 mm gun) and 7 mm stabilised remote control guns.
- Each of these vessels is 78 m long, 11.36 m wide, has a draught of 7 m, displacement of 896 tonnes and can attain speeds of up to 25 knots (approximately 45 kmph).
- Their endurance is 1,800 nautical miles and have been designed to fit indigenously-developed sonars for underwater surveillance.
- Each vessel would carry 57 personnel, including seven naval officers.
- They were built as per integrated hull outfit and painting construction method followed at the yard and as per naval requirements.
- Cochin Shipyard Limited (CSL) – 29/04/1972 (Founded) – Kochi, Kerala (HQ) – Madhu S. Nair (Chairman & MD)
- Indian Navy – 26/01/1950 (Founded) – New Delhi (HQ) – Navy Day (December 4) – Admiral R. Hari Kumar (Chief of Naval Staff) – ‘May the Lord of Water be auspicious unto us’ (Motto)
Defence Acquisition Council (DAC)
- The Union government accorded an initial approval to defence acquisition projects worth ₹2.23 lakh crore that included procurement of 97 Tejas light combat aircraft and 156 Prachand combat helicopters, in a major move to significantly enhance the combat capabilities of the armed forces.
- The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, cleared the projects at a time India is locked in a bitter military standoff with China at a number of friction points in eastern Ladakh for over three years.
- The Defence Ministry said 98% of the total procurement will be sourced from domestic industries and that the move will give a substantial boost to the Indian defence industry in achieving the goal of ‘Aatmanirbharta’ (self-reliance) in defence industry.
- The DAC also approved a proposal of the Indian Air Force to upgrade its Su-30 fighter fleet by state-run aerospace major Hindustan Aeronautics Ltd (HAL).
- It further accorded Acceptance of Necessity (AoN) or initial approval for procurement of two types of anti-tank munitions namely area denial munition (ADM) Type-2 and Type-3.
- The MRAShM is a lightweight surface-to-surface missile which will be a primary offensive weapon onboard various Indian naval ships.
- Though it did not mention the specific numbers, official sources said 97 Tejas Light Combat Aircraft (Mark 1A) are being procured for the IAF and 156 Light Combat Helicopters (LCH) are being procured for the Army and the IAF.
- In February 2021, the Defence Ministry sealed a ₹48,000 crore deal with the HAL for procurement of 83 Tejas MK-1A jets for the IAF.
- With the additional fleet, the number of indigenously-developed Tejas aircraft being procured by the IAF would go up to
- Indian Air Force (IAF) – 26/01/1950 (Founded) – New Delhi (HQ) – Airforce Day (October 08) – Air Chief Marshal Vivek Ram Chaudhari (Chief of Air Staff) – ‘Touch the sky with Glory’ (Motto)
Daily Current Affairs - December 01, 2023 - Consolidated
- Jal Shakti Ministry will organize Jal Itihas Utsav in New Delhi
- Kerala’s farm workers have been the highest paid since FY15
- Prime Minister inaugurated 10,000th Jan Aushadhi Kendra
- Dharmendra Pradhan laid the foundation stones for six projects
- ‘Viksit Bharat Sankalp Yatra’ in Haryana
- 24th edition of Hornbill Festival
- Walmart Foundation announced $1.2 m grant to empower 15,000 women farmers in UP
- Monetary penalty by RBI
- India’s GDP growth in July-September Quarter
- National Statistical Office FY24 Q2 GDP
- India’s fiscal deficit between Apr-Oct 45% of FY24 target
- NITC signed MoU with IIST to promote cooperation in research
- 40th Coast Guard Commanders’ Conference
- SBI MF got RBI nod to buy stake in Karur Vysya Bank
- Director General (Inspection and Safety) at Air HQ
- ‘Légion d’Honneur’ (National Order of the Legion of Honour)
- Chevalier dans l’Ordre des Arts et des Lettres (Knight of the Order of Arts and Letters)
- World AIDS Day 2023
- Three anti-submarine warfare ships were launched
- Defence Acquisition Council (DAC)
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