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Daily Current Affairs – February 03 & 04, 2024

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Daily Current Affairs - Banking - February 03 & 04, 2024

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National News

NTIPRIT holds workshop on “5G Use Case Labs: Awareness and Pre-Commissioning Readiness” at IIT Roorkee

  • Gunjan Dave, Member (Technology), Department of Telecommunications inaugurated two-day workshop on “5G Use Case Labs: Awareness and Pre-Commissioning Readiness” at IIT Roorkee, Uttarakhand.
  • The workshop was organised by the National Telecommunications Institute for Policy Research, Innovation and Training (NTIPRIT), DoT, Ghaziabad.
  • The workshop aimed at generating awareness about 5G technology use cases and the 5G Use Case Labs being set up across India especially focusing on North Zone institutions including IIT Roorkee, with funding from DoT.

International News

India formally launches UPI at iconic Eiffel Tower in Paris

  • India formally launched the Unified Payments Interface (UPI) at the iconic Eiffel Tower in Paris.
  • The UPI was formally launched at the Republic Day reception held in France.
  • France – Paris (Capital) – Euro (Currency) – Emmanuel Macron (President) – Élisabeth Borne (Prime Minister) – French (Language)

State News

President inaugurates 37th Surajkund International Crafts Mela

  • The President of India Droupadi Murmu inaugurated the 37th Surajkund International Crafts Mela at Surajkund, Haryana.
  • This fair is a celebration of our tradition as well as innovation.
  • It is an effective platform to connect our craftsmen with art lovers.
  • This fair is both an art exhibition and a business centre.

Prime Minister laid Foundation Stone of Talabira Thermal Power Project in Odisha

  • Prime Minister Shri Narendra Modi laid the foundation stone for NLC India Limited’s (NLCIL) Supercritical Thermal power plant in Sambalpur, Odisha.
  • The foundation stone for the Neyveli Lignite Corporation India Limited (NLCIL) Talabira Thermal power project, valued at over ₹27,000 Crore, will be laid, perfectly aligning with the vision of Atmanirbhar Bharat.
  • The project encompasses a 2,400-MW capacity in its initial phase and plans for an additional 800 MW in the second phase with an investment of over ₹8,000 crores.
  • The phase 1 of the project is scheduled to be completed by 2028-29.
  • NLCIL has been allotted Talabira coal mines with total reserves of 553 million tonne (MT) with 23 MT Peak rated capacity.
  • On getting operational, this pit-head plant will generate electricity at a cost of ₹3.65 per unit (₹2.40 fixed cost and ₹1.25 variable cost) (approx.) which is amongst the cheapest power produced by TPPs in the country.”

Development Projects inaugurated by Prime Minister

  • The Prime Minister, Narendra Modi inaugurated and laid the foundation stone for projects worth ₹11,000 crores in Guwahati, Assam.
  • He also laid the foundation stone for projects worth more than ₹68,000 crore in Sambalpur, Odisha aimed at boosting the energy sector involving natural gas, coal and power generation apart from important projects of road, railway and higher education sector.

7th session of the Codex Committee on Spices and Culinary Herbs held at Kochi

  • The 7th session of the Codex Committee on Spices and Culinary Herbs (CCSCH) was held at Kochi, Kerala.
  • After the Covid-19 pandemic, CCSCH7 was the first session of this committee to be conducted physically.
  • 109 delegates from 31 countries attended the session.
  • In this session, quality standards for 5 spices, namely small cardamom, turmeric, juniper berry, allpice and star anise were finalised.
  • CCSCH has forwarded these five standards to the Codex Alimentarius Commission (CAC) recommending for adoption at final Step 8 as full-fledged Codex standards.
  • The next meeting of the Committee will be conducted after a period of 18 months.
  • The Codex Alimentarius Commission (CAC), jointly established by Food and Agriculture Organization (FAO) and World Health Organization (WHO), is an international, intergovernmental body with membership of over 194 countries, which is based in Rome and is tasked with formulating internationally accepted standards pertaining to human food.
  • The CAC conducts its work through various Codex committees, including the CCSCH, hosted by different member countries.
  • The Codex Committee on Spices and Culinary Herbs (CCSCH) was established as one of the Commodity Committees under the Codex Alimentarius Commission (CAC) in 2013.
  • India hosts this prestigious Committee since the beginning and Spices Board India serves as the Secretariat organization which organizes the Committee’s sessions.

Schemes

Subsidy amounting to ₹5790 crores given to electric vehicle manufacturers on sale of 13,41,459 number of electric vehicles under phase-II of FAME India Scheme

  • The Ministry of Heavy Industries (MHI) sanctioned 2,877 electric vehicle charging stations in 68 cities across 25 States/UTs.
  • Out of these charging stations, 148 Electric Vehicle charging stations are constructed and operational.
  • Ministry of Heavy Industries has also sanctioned ₹800 Crores as capital subsidy to the three Oil Marketing Companies (OMCs) of the Ministry of Petroleum and Natural Gas (MoPNG) for establishment of 7,432 electric vehicle public charging stations.
  • Under phase-II of FAME India Scheme, subsidy amounting to ₹5790 crores has been given to electric vehicle manufacturers on sale of 13,41,459 number of electric vehicles as on January 31 2024 (as per details given below for electric vehicles claimed on FAME-II Portal as on January 30 2024).
  • Further, MHI sanctioned 6,862 electric buses to various cities/STUs/State Govt. entities for intracity operations.
  • Out of 6,862 e-buses, 3487 e-buses have been supplied to STUs as on November 21 2023.

Banking and Finance

IRDAI mandates AYUSH options in health covers from April 1

  • Insurance Regulatory and Development Authority (IRDAI) has set April 1 2024 as deadline for insurers to include AYUSH treatment under health covers.
  • The regulator wanted the insurers to have a board approved policy on AYUSH coverage to enable policyholders to choose a treatment of their choice.
  • The policy ought to contain the quality parameters as well as procedure for enrolling AYUSH hospitals/day care centres as network providers for the purpose of providing cashless facility.
  • Separately, it stressed the need for insurers to have adequate controls as well as standard operating procedures (SOP) with regard to enrolling hospitals, necessary clauses in health services agreements with the facilities, standard treatment protocols as well as dealing with possible frauds and abuse of the system, if any.
  • Insurance Regulatory and Development Authority of India (IRDAI) – 1999 (Founded) – Hyderabad (HQ) – Debasish Panda (Chairman) – Ministry of Finance (Under)

ESAF Small Finance Bank joins with Edelweiss Tokio Life to offer life insurance products

  • ESAF Small Finance Bank has officially declared a bancassurance collaboration with Edelweiss Tokio Life Insurance.
  • The partnership plays a crucial role in ESAF Small Finance Bank’s strategy to broaden its range of offerings, demonstrating its commitment to providing financial security to a more extensive segment of the unbanked and under-banked population.
  • The aim of this partnership is to widen the accessibility of innovative life insurance products, capitalizing on ESAF Small Finance Bank’s strong presence across rural markets in India.
  • The alliance plays a pivotal role in Edelweiss Tokio Life’s comprehensive multi-channel distribution strategy, setting the stage for establishing new standards in customer-focused insurance services.
  • ESAF Small Finance Bank – 10/03/2017 (Founded) – Mannuthy, Thrissur, Kerala (HQ) – P. R. Ravi Mohan (Chairman) – K. Paul Thomas (MD & CEO) – The Joy of Banking (Tagline)

Agreements and MoUs signed

National Rural Livelihood Promotion Society signed MoU with BRAC International for economic inclusion and social protection for the poorest of the poor women

  • National Rural Livelihood Promotion Society (NRLPS), an autonomous body under the Ministry of Rural Development (MoRD) signed an MOU with BRAC International, a Global South-led organisation with a mission to empower people and communities.
  • The MoU has been signed for inclusion of the poorest of the poor under Deendayal Antyodaya Yojana National Rural Livelihoods Mission (DAY-NRLM), a flagship programme under MoRD.
  • The programme will introduce holistic productive inclusion strategies to improve the lives of excluded populations. It will adapt a globally tested and proven “Graduation approach” to the DAY-NRLM programme to reach those households that are presently having difficulty benefiting from the SHG net.
  • Founded in Bangladesh in 1972, BRAC now works in 17 countries and has partnered with over 100 million people, delivering cost-effective, evidence-backed interventions.
  • One such intervention is the globally recognised “Graduation approach” that has been taken up by private organisations and governments and evaluated extensively with positive results.
  • Ministry of Rural Development – Giriraj Singh,Union Minister (Begusarai,Bihar) – Sadhvi Niranjan Jyoti,Minister of State (Fatehpur,UP), Faggan Singh Kulaste,Minister of State (Mandla,MP)

Science and Technology

GHAR Portal for Restoration and Repatriation of Child launched by NCPCR

  • National Commission for Protection of Child Rights (NCPCR) had developed and launched a portal named GHAR – GO Home and Re-Unite (Portal for Restoration and Repatriation of Child).
  • The GHAR portal has been developed to digitally monitor and track the restoration and repatriation of children as per the protocols under the Juvenile Justice (Care and Protection of Children) Act, 2015 and Rules thereof.
  • The salient features of the portal are
  • Digital tracking and monitoring of children who are in the Juvenile Justice system and have to be repatriated to another Country/State/District.
  • Digital transfer of cases of children to the concerned Juvenile Justice Board/Child Welfare Committee of the State for speedy repatriation of children.
  • Where there is a requirement of a translator/interpreter/expert, request to be made to the concerned State Government.
  • Child Welfare Committees and District Child Protection Officers can ensure proper restoration and rehabilitation of children by digitally monitoring the progress of the case of the child.
  • A checklist format will be provided in the forms so that the children who are hard to repatriate or children who are not getting their entitled compensation or other monetary benefits can be identified.
  • List of Government implemented schemes are provided, so that at the time of restoration the Child Welfare Committees can link the child with the schemes to strengthen the family and ensure that child remains with his/her family.

Ministry of Women and Child Development developed the “Track Child Portal”

  • The Ministry of Women and Child Development developed the “Track Child Portal”, which enables tracking of the missing and found children in all States/UTs including Maharashtra, Chhattisgarh, North Eastern States and Jharkhand.
  • The Track Child portal is implemented with support and involvement of various stakeholders namely Ministry of Home Affairs, Ministry of Railways, State Governments/ UT Administrations, Child Welfare Committees, Juvenile Justice Boards, National Legal Services Authority, etc.
  • Standard operating procedure have been issued for the “TrackChild” Portal.
  • Advisories have also been issued to all States and UTs including Director General of Police of all States & UTs and other stakeholders regarding implementation of TrackChild portal.
  • The TrackChild portal is also integrated with the CCTNS or Crime and Criminal Tracking & Network Systems of the Ministry of Home Affairs, which allows interoperability in terms of matching of F.I.R’s of missing children with database of TrackChild to trace and match missing children by the concerned State/UT police.
  • One component of TrackChild Portal has “Khoya-Paya” where any citizen can report for any missing or sighted children.
  • Ministry of Women and Child Development – Smriti Zubin Irani,Union Minister (Amethi,UP) – Dr. Mahendra Munjpara,Minister of State (Surendranagar,Gujarat)

Sarbananda Sonowal launches Maritime Single Window and MMD Modules in SagarSetu (NLP-Marine)

  • Union Minister for the Ports, Shipping & Waterways and AYUSH Sarbananda Sonowal, launched two digital modules within the SagarSetu (NLP-Marine) platform.
  • These pioneering modules, namely the Maritime Single Window (MSW) and the Mercantile Maritime Department (MMD).
  • With the launch of the Maritime Single Window (MSW) module of SagarSetu (NLP-Marine), MoPSW aligns with global standards set by the International Maritime Organization (IMO).
  • The implementation of the MSW system through SagarSetu (NLP-M) adheres to the processes mandated by the FAL Convention of International Maritime Organization (IMO), promoting harmonization and standardization of processes set by the IMO.
  • The Maritime Single Window (MSW)Module in SagarSetu (NLP-M) is a cutting-edge digital platform designed to revolutionize the exchange of maritime-related information and documents, emphasizing harmonization and standardization for efficient data submission.
  • The Mercantile Marine Department (MMD)Module within SagarSetu’s NLP(M) encompasses two core functionalities in the Maritime Mobile Domain process.
  • Firstly, the Vessel Detention function allows MMD officials to efficiently monitor the status of ships at ports, facilitating the planning of vessel inspections.
  • Secondly, the Vessel Release functionality comes into play after a re-inspection process.
  • MMD officials use this feature to update the release status of the vessel, signaling its readiness to depart the port.
  • Similar to the detention process, notifications of vessel releases are sent to Ports, Customs, and Immigration.
  • These authorities then take appropriate actions, ensuring that ships are allowed to sail based on the current real-time status of the vessel.
  • The comprehensive capabilities of the MMD module in Sagarsetu streamline vessel monitoring, inspection, and release processes, enhancing efficiency and coordination in maritime operations.
  • Mercantile Marine Department (MMD) in India is a government body under the Directorate General of Shipping of Ministry of Ports, Waterways & Shipping.
  • Launched in April 2023, the ‘SAGAR-SETU’ mobile app, an extension of NLP-Marine, offers real-time information on vessels, gate details, container freight stations, and transactions.
  • It streamlines import and export clearances by enabling digital payments for associated charges like shipping fees, transportation costs, and container freight station fees.
  • Ministry of Ports, Shipping and Waterways – Sarbananda Sonowal, Union Minister (Rajya Sabha MP, Assam) – Shripad Yesso Naik, Minister of State (North Goa) & Shantanu Thakur, Minister of State (Bangaon,West Bengal)

Nature

Tamil Nadu gets its 18th wildlife sanctuary in the reserve forests of Erode district

  • The Tamil Nadu government has declared 80,114.80 hectares of reserve forests in Bargur Hills in Erode district, as the Thanthai Periyar Wildlife Sanctuary.
  • This stretch of protected forests, links the Nilgiris Biosphere Reserve with Cauvery South Wildlife Sanctuary, and has been notified as the 18th wildlife sanctuary in the State.
  • This region is part of the corridor that connects the Sathyamangalam Tiger Reserve (STR) to the Male Mahadeshwara Hills Tiger Reserve and the Cauvery Wildlife Sanctuary, and plays a crucial role in maintaining a viable tiger population.
  • It is one of the tiger corridors identified by the National Tiger Conservation Authority, and is home to a number of tigers.
  • The region is also part of the Nilgiris Elephant Reserve and is home to a healthy population of large herbivores including elephants and the Indian Gaur.
  • Also, the landscape is the catchment of the Palar River that drains into the Cauvery River and is a crucial source of water for agricultural activities.

Appointments

Centre appoints Chief Justices of 6 High Courts and Acting Chief Justice for Punjab and Haryana High Court

  • Justice Arun Bhansali, Judge, Rajasthan High Court, was appointed as Chief Justice of the Allahabad High Court.
  • Justice Vijay Bishnoi, Judge of the Rajasthan High Court, was appointed as Chief Justice of the Gauhati High Court.
  • Justice S. Vaidyanathan, Judge of the Madras High Court, was appointed as Chief Justice of the Meghalaya High Court.
  • Justice Manindra Mohan Shrivastava, Judge of the Rajasthan High Court, was appointed as the Chief Justice of the Rajasthan High Court.
  • Justice Chakradhari Sharan Singh, Judge of the Patna High Court, was appointed as Chief Justice of the Orissa High Court.
  • Justice Ritu Bahri, Judge of the Punjab and Haryana High Court, was appointed as Chief Justice of the Uttaranchal High Court (She is the 1st Women Chief Justice of the state).
  • Justice Gurmeet Singh Sandhawalia, Judge of the Punjab and Haryana High Court, was appointed as Acting Chief Justice of the High Court.

Apurva Chandra appointed as Health Secretary, Sanjay Jaju as new I&B Secretary

  • Information and Broadcasting Secretary Apurva Chandra has been appointed as the Secretary, Department of Health & Family Welfare.
  • He is a 1988-batch Indian Administrative Service (IAS) officer of Maharashtra cadre.
  • Meanwhile, senior bureaucrat Sanjay Jaju has been appointed as the new Information and Broadcasting Secretary.
  • He a 1992-batch IAS officer, is currently serving in his cadre state of
  • A Neerja, currently Additional Secretary, Department of Fertilisers has been appointed as Special Secretary in the same department.
  • Also, Ashish Kumar Bhutani has been appointed as Secretary at Ministry of Cooperation.

Punjab Governor Banwarilal Purohit resigns

  • Punjab Governor Banwarilal Purohit tendered his resignation from his position as the State’s Governor, and the Administrator of the Union Territory of Chandigarh.
  • He has been Punjab’s Governor since August 2021.
  • He also served as the Governor of Assam from 2016 to 2017, and the Governor of Tamil Nadu from 2017 to 2021.

Ranks and Indices

Mukesh Ambani highest placed Indian, No.2 globally in Brand Guardianship Index 2024

  • According to the publication, the Brand Guardianship Index is a global recognition of CEOs, who are building business value in a sustainable manner, by balancing the needs of all stakeholders – employees, investors, and the wider society.
  • Billionaire Mukesh Ambani has been ranked first among all Indians and second globally in the Brand Guardianship Index 2024 compiled by Brand Finance.
  • The chairman and managing director of Reliance Industries Ltd overtakes the likes of Microsoft’s Satya Nadella, and Google’s Sundar Pichai to be ranked No.2 globally only behind Tencent’s Huateng Ma.
  • Tata Sons Chairman N Chandrasekaran is ranked at 5, up from No.8 in the 2023 ranking.
  • He is followed by Anish Shah of Mahindra & Mahindra at No.6 and Infosys’ Salil Parekh at No.16.

Awards and Recognitions

LK Advani to be honoured with Bharat Ratna

  • The Government honoured Senior BJP Leader and the man behind the Ram Janambhoomi movement, Lal Krishna Advani, with Bharat Ratna.
  • He will be the 50th recipient of the highest civilian award.
  • He was Home Minister and also 7th Deputy Prime Minister in the cabinet of Late Atal Bihari Vajpayee (1999-2004).
  • He was awarded with Padma Vibhushan in

Grammy Awards 2024

  • The 66th Grammy Awards took place in Los Angeles.
  • Taylor Swift won album of the year for Midnights, which made her the first person to win that category four times.
  • She also won Best Pop Vocal Album.
  • Meanwhile, Miley Cyrus won her first-ever Grammy for Best pop solo performance for Flowers.
  • She also won her second Grammy, for Record of the Year.
  • Contemporary Instrumental Album: “As We Speak” — Béla Fleck, Zakir Hussain, Edgar Meyer, Featuring Rakesh Chaurasia
  • Global Music Performance: “Pashto” — Béla Fleck, Edgar Meyer & Zakir Hussain Featuring Rakesh Chaurasia
  • Global Music Album: “This Moment” — Shakti
  • Shakti, a fusion music group comprising tabla maestro Zakir Hussain, singer Shankar Mahadevan, guitarist John McLaughlin, violinist Ganesh Rajagopalan and percussionist Selvaganesh Vinayakram.
  • The Grammy Awards or simply known as the Grammys, are awards presented by the Recording Academy of the United States to recognize “outstanding” achievements in the music industry.
  • The award was first presented on May 4, 1959.

Dr. Bina Modi is the 'Outstanding Business Woman of the Year - 2023'

  • Bina Modi, Chairperson of Modi Enterprises, was honoured with the ‘Outstanding Business Woman of the Year – 2023’ Award by Rajnath Singh, Defence Minister of India.
  • The award, presented to her at a prestigious conference by the Indo-American Chamber of Commerce (IACC) on ‘Strengthening Indo-US Relationship in Amritkal-Aatmanirbhar Bharat’, at Hotel The Leela Palace, Chanakyapuri in New Delhi recognizes her remarkable contributions to the industry that place her among the distinguished few women chairpersons of Fortune500 and ET500 India companies.

Sports News

Abhinav Bindra selected as torchbearer for Paris 2024 Olympics

  • Former shooter Abhinav Bindra, India’s first Olympic gold medallist, will take part in the Paris 2024 Olympic Torch Relay.
  • He won the men’s 10m air rifle event at Beijing 2008.

Jasprit Bumrah becomes fastest Indian pacer to take 150 Test wickets

  • Team India’s pace spearhead Jasprit Bumrah became the fastest Indian pacer to pick up 150 Test scalps and the second-quickest Asian after Pakistan’s Waqar Younis.
  • He picked 150 wickets in 34 Tests while Younis did so in

Important Days

International Day of Human Fraternity 2024

  • International Day of Human Fraternity is annually observed on February 04.
  • The day is observed to celebrate the importance of unity in diversity and the significance of people coming together to live in harmony.
  • On December 21, 2020, the United Nations General Assembly adopted resolution A/RES/75/200, designating February 4 as the International Day of Human Fraternity, to be commemorated annually starting in 2021.
  • Theme – Human fraternity for peace and cooperation

Indian Navy declares 2024 as 'Year of Naval Civilians'

  • Indian Navy has declared 2024 as ‘Year of Naval Civilians’ to improve administration, efficiency and well-being of Naval Civilians by addressing all facets of Civilian HR Management in a time bound manner.
  • Major focus areas towards maximising administrative efficiency, digital initiatives, generic and specific training programmes and welfare activities have been identified for implementation in

Defence

INS Sandhayak, first Survey Vessel Large ship, commissioned into Indian Navy in Visakhapatnam

  • INS Sandhayak (Yard 3025), the first Survey Vessel Large (SVL) ship, was commissioned into the Indian Navy in the presence of Raksha Mantri Rajnath Singh at an impressive ceremony held at the Naval Dockyard, Visakhapatnam.
  • The primary role of the ship is to carry out full scale hydrographic surveys of ports, harbours, navigational channels/routes, coastal areas and deep seas, towards enabling safe marine navigation.
  • In its secondary role, the ship will be capable of undertaking a range of naval operations.

Daily Current Affairs - February 03 & 04, 2024 - Consolidated

  • NTIPRIT holds workshop on “5G Use Case Labs: Awareness and Pre-Commissioning Readiness” at IIT Roorkee
  • India formally launches UPI at iconic Eiffel Tower in Paris
  • President inaugurates 37th Surajkund International Crafts Mela
  • Prime Minister laid Foundation Stone of Talabira Thermal Power Project in Odisha
  • Development Projects inaugurated by Prime Minister
  • 7th session of the Codex Committee on Spices and Culinary Herbs held at Kochi
  • Subsidy amounting to ₹5790 crores given to electric vehicle manufacturers on sale of 13,41,459 number of electric vehicles under phase-II of FAME India Scheme
  • IRDAI mandates AYUSH options in health covers from April 1
  • ESAF Small Finance Bank joins with Edelweiss Tokio Life to offer life insurance products
  • National Rural Livelihood Promotion Society signed MoU with BRAC International for economic inclusion and social protection for the poorest of the poor women
  • GHAR Portal for Restoration and Repatriation of Child launched by NCPCR
  • Ministry of Women and Child Development developed the “Track Child Portal”
  • Sarbananda Sonowal launches Maritime Single Window and MMD Modules in SagarSetu (NLP-Marine)
  • Tamil Nadu gets its 18th wildlife sanctuary in the reserve forests of Erode district
  • Centre appoints Chief Justices of 6 High Courts and Acting Chief Justice for Punjab and Haryana High Court
  • Apurva Chandra appointed as Health Secretary, Sanjay Jaju as new I&B Secretary
  • Punjab Governor Banwarilal Purohit resigns
  • Mukesh Ambani highest placed Indian, No.2 globally in Brand Guardianship Index 2024
  • LK Advani to be honoured with Bharat Ratna
  • Grammy Awards 2024
  • Bina Modi is the ‘Outstanding Business Woman of the Year – 2023’
  • Abhinav Bindra selected as torchbearer for Paris 2024 Olympics
  • Jasprit Bumrah becomes fastest Indian pacer to take 150 Test wickets
  • International Day of Human Fraternity 2024
  • Indian Navy declares 2024 as ‘Year of Naval Civilians’
  • INS Sandhayak, first Survey Vessel Large ship, commissioned into Indian Navy in Visakhapatnam

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