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Daily Current Affairs 25th January 2024 Daily GK Update
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National News
IIM Kashipur to host Uttishtha 2024
- IIM Kashipur will host the 7th edition of Uttishtha 2024, an ‘Agri Mela’ Startup Expo scheduled for Jan 27-28.
- The two-day summit, organized by the Foundation for Innovation and Entrepreneurship Development (FIED) and e-Cell IIM Kashipur, and supported by the Department of Agriculture and Farmers’ Welfare, aims to provide a platform for agri-startups, industry stakeholders, and investors to share insights on entrepreneurship.
- The event anticipates participation from over 2,000 business-school students, over 20 vice-chancellors and entrepreneur talks, and more than 100 startups.
14th All India Police Commando Competition organized in Visakhapatnam
- The 14th All India Police Commando competition organized at the A.P. Police Greyhounds Training Facility,
- Around 16 states have sent their elite commando forces for the competition including forces such as the Special Operations Group (SOG) from Odisha and Chhattisgarh, C- 60 from Maharashtra, the paramilitary forces such as BSF, CRPF, Assam Rifles, ITBP, RPF, SSB and CISF, among others.
- Each team will comprise 13-15 commandos and the competition will be held in five phases in a week, wherein the participants’ skill, endurance and teamwork will be tested.
- The commandos will be judged by an expert team from the Intelligence Bureau (IB).
- The State team comprises personnel from the Greyhounds and Octopus.
Vice-President inaugurated ‘Hamara Samvidhan, Hamara Samman’ campaign
- The Vice-President, Jagdeep Dhankhar has inaugurated a year-long pan-India campaign ‘Hamara Samvidhan, Hamara Samman’ to commemorate the 75th Year of India as Republic at Dr. Ambedkar International Centre.
- The campaign aims to reaffirm our collective commitment to the principles enshrined in the Constitution of India and celebrate the shared values that bind our nation.
- This nationwide initiative envisages to instill a sense of pride and responsibility to uphold the ideals outlined in the constitutional framework.
- Another activity named Nav Bharat Nav Sankalp aims to encourage the masses to embrace the resolutions of Panch Pran by reading the Panch Pran Pledge.
- The third activity Vidhi Jagriti Abhiyan aims to involve the students to carry the message Panch Pran in the villages adopted by the Law colleges, under the Pro Bono Club scheme.
DGCA slaps Rs 1.10 crore penalty on Air India for safety violations
- Aviation regulator Directorate General of Civil Aviation (DGCA) has imposed a penalty of Rs 1.10 crore on Air India for safety violations amid a series of incidents of flight irregularities.
- According to the receipt of a voluntary safety report from an airline employee alleging safety violations of flights operated by Air India on certain long-range terrain critical routes.
- Recently, IndiGo was fined Rs 1.20 crore as the passengers of one of its flights came out on the tarmac and started eating food.
Banking and Financial
CCI approves proposed merger of Fincare SFB with AU Small Finance Bank
- The Competition Commission of India (CCI) has approved the proposed merger of Fincare Small Finance Bank Limited into and with AU Small Finance Bank.
- The board of the bank had approved the merger in October 2023 following which it received the shareholder approval in November 2023.
- The merger is now awaiting the approval of the Reserve Bank of India.
- The merger will help the bank expand its reach, diversify its offerings and promote its financial inclusion portfolio. It had also guided that the merged entity should come into effect from February 1, 2024, subject to necessary approvals.
About AU Small Finance Bank Limited
- Founded – 1996
- Founder – Sanjay Agarwal
- Headquarters – Jaipur, Rajasthan
- MD & CEO – Sanjay Agarwal
- Tagline – Chalo Aage Badhein
SBI Life Insurance launches two new term plans with return of premium
- SBI Life Insurance, a private life insurer, has launched two products– ‘SBI Life – Saral Swadhan Supreme’ and ‘SBI Life – Smart Swadhan Supreme’.
- These two new products not only provide a life cover but also benefit of return of premiums at maturity, to fulfill customers’ financial objectives.
- The new products are designed to empower customers by catering to the growing awareness of the essential link between insurance and financial well-being.
- These plans offer a lumpsum benefit on the policyholder’s demise during the policy term and also pay back the total premiums paid in case the life assured survives the policy term.
Recent Facilities Launched in Banking & Insurance Sector
- LIC launched new saving and annuity plan Jeevan Dhara II.
- Bank of Baroda launched ‘bob-360’ deposit scheme with annual interest rate of 7.60 percent.
- ICICI Bank Canada launched ‘Money2India (Canada)’ Mobile Banking App
- IndusInd Bank launch Platinum Credit Card association with EazyDiner
- Yes Bank launched SmartFin supply chain powered by Veefin finance solution
Yes Bank becomes first Indian bank to conduct export finance transactions on RXIL’s ITFS
- Yes Bank has become the first Indian bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited (RXIL), a leading cross-border fintech company registered under the International Financial Services Centres Authority (IFSCA).
- This strategic partnership facilitates arranging credit for exporters and importers from both Indian and Global Institutions through Factoring, Forfaiting, and other trade financing services at competitive pricing with quick turnaround using a digital platform.
- This is the first transaction on the ITFS platform in collaboration with any bank in India.
- The collaboration between Yes Bank and RXIL is a testament to the Bank’s commitment towards digitalisation and fostering cross-border business.
About Yes Bank
- Founded – 2004
- Headquarters – Mumbai, Maharashtra
- MD & CEO – Prashant Kumar
- Chairman – Sunil Mehta
- Tagline – Experience our Expertise
Appointment
Sankey Prasad appointed as CMD for Project Leaders Middle East
- Global diversified professional services and investment management company has appointed Sankey Prasad as Chairman and Managing Director (CMD) for India and Middle East Engineering and project management business, which is under the name of Colliers Project Leaders Middle East.
- Under Prasad’s leadership in India, Colliers has diversified into new markets, developed cutting-edge technologies, expanded its range of services, delivered more than 130 million square feet of real estate development spanning India, West Asia, Africa, and South Asia, and achieved 30 percent y-o-y growth in four years.
Recent Appointment
- CEO of Jindal Stainless Ltd – Tarun Khulbe
- CEO of PepsiCo India – Jagrut Kotecha (replace Ahmed El Sheikh)
- As a member of the UPSC – Sheel Vardhan Singh
- MD of Bangalore Metro – Maheshwar Rao
- MD of Experian India – Manish Jain
Karnataka HC Chief Justice appointed as Supreme Court judge
- The Union government has approved the Supreme Court Collegium’s recommendation for elevation of Karnataka High Court’s Chief Justice Prasanna B Varale as a judge of the top court.
- In exercise of the powers conferred by the Constitution, President, after consultation with Chief Justice of India, is pleased to appoint Justice Prasanna Bhalachandra Varale, Chief Justice of the Karnataka High Court as Judge of Supreme Court.
- After the development, the Supreme Court would work with its sanctioned strength of 34 judges.
- On January 19, the five-judge Collegium led by Chief Justice of India D Y Chandrachud picked up name of Justice Varale, senior-most Judge belonging to a Scheduled Caste to fill up the vacancy created upon retirement of Justice Sanjay Kishan Kaul on De 2023.
- Justice Varale has served as the Chief Justice of the High Court of Karnataka from October 15, 2022. He is currently the only High Court Chief Justice from a Scheduled Caste community. He is also the seniormost High Court judge belonging to a Scheduled Caste.
- Justice Varale’s parent High Court is Bombay. He was appointed as a Bombay High Court judge on July 18, 2008. There are already three judges from the Bombay High Court on the Bench of the Supreme Court.
- The Supreme Court of India has operated almost throughout last year with a full strength of 34 judges and, therefore, could achieve the distinction of recording an unprecedented rate of disposal by disposing of 52,191 cases in the calendar year 2023, according to the Collegium resolution.
Awards
UP selected Subhash Chandra Bose Aapda Prabandhan Puraskar 2024
- For the year 2024, 60 Parachute Field Hospital, Uttar Pradesh, in the Institutional category, has been selected for the Subhash Chandra Bose Aapda Prabandhan Puraskar-2024 for its excellent work in Disaster Management.
- The Government of India, under the leadership of Prime Minister Narendra Modi, has instituted an annual award known as Subhash Chandra Bose Aapda Prabandhan Puraskar to recognize and honour the invaluable contribution and selfless service rendered by individuals and organizations in India in the field of disaster management.
- The award is announced every year on the birth anniversary of Netaji Subhash Chandra Bose. The award carries a cash prize of Rs. 51 lakh and a certificate in case of an institution and Rs. 5 lakh and a certificate in case of an individual.
About 60 Parachute Field Hospital
- 60 Parachute Field Hospital, Uttar Pradesh, was established in 1942. It is the sole airborne medical establishment of the Indian Armed Forces, recognized for its exceptional service in various global crisis.
- The primary mission includes Humanitarian Assistance and Disaster Relief (HADR) operations during natural calamities, nationally and internationally, both in time of peace and war.
- It had provided medical assistance during the Uttarakhand floods (2013), Nepal Earthquake under the operation name ‘Maitri’ (2015), and Indonesian Tsunami as part of Operation Samudra Maitri (2018).
Former Bihar CM Karpoori Thakur Awarded Bharat Ratna Posthumously
- Former Chief Minister of Bihar Karpoori Thakur was conferred the nation’s highest honour, Bharat Ratna, posthumously by the President of India Droupadi Murmu.
- The award comes 35 years after his death — Karpoori Thakur died on February 17, 1988.
- Karpoori Thakur, born in January 1924, was a prominent figure in Bihar’s political landscape. Known for his deep connection with the backward classes, Thakur’s political journey was marked by his steadfast commitment to social justice.
- He served as Bihar’s Chief Minister twice, first from December 1970 to June 1971 and again from December 1977 to April 1979.
About Bharat Ratna
- The Bharat Ratna, the highest civilian award in the country, has been granted to 49 individuals so far, with 17 posthumously. Instituted in 1954, this award is open to anyone, regardless of race, occupation, position, or gender.
- It is awarded in recognition of outstanding service or performance of the highest order in any field of human endeavour. The prime minister makes recommendations directly to the President, and no formal recommendations are required. The annual awards are limited to a maximum of three per year.
Sports
Shastri, Engineer honoured with Col CK Nayudu Lifetime Achievement Award
- Former Coach of Indian cricket team Ravi Shastri and former India wicketkeeper Farokh Engineer have been honoured with the CK Nayudu Lifetime Achievement Award by BCCI.
- Star batter Shubman Gill was conferred with the Polly Umrigar Best Men’s International Cricketer of the Year (2022-23) award.
- Last year, Gill became the fastest batsman to reach the 2000-run mark in ODIs in the process of making 1584 runs from 29 matches at an average of 63.36 including five hundreds.
- Young opener Yashasvi Jaiswal grabbed the award for the Best International Debut during the 2022-23 season after cracking a 171 against the West Indies at Roseau in July last year.
- Spinner Deepti Sharma grabbed the International Women’s Cricketer of the Year award for the 2022-23 season.
List of awards
- Col CK Nayudu Lifetime Achievement award: Ravi Shastri, Farokh Engineer (2019-20).
- Polly Umrigar Award for Best Men’s Cricketer of the Year
Shubman Gill (2022-23)
Jasprit Bumrah (2021-22)
Ravichandran Ashwin (2020-21)
Mohammed Shami (2019-20).
- Best International Women’s Cricketer of the Year
Deepti Sharma (2019-20, 2022-23)
Smriti Mandhana (2020-21, 2021-22)
- Best International Debut, Men:
Mayank Agarwal (2019-20)
Axar Patel (2020-21)
Shreyas Iyer (2021-22)
Yashasvi Jaiswal (2022-23)
- Best International Debut, Women
Priya Punia (2019-20)
Shafali Varma (2020-21)
S Meghna (2021-22)
Amanjot Kaur (2022-23)
- Dilip Sardesai Award (2022-23)
Highest Runs: Yashasvi Jaiswal
Highest Wickets: R Ashwin
- Most Runs in ODIs – Wome
Punam Raut (2019-20)
Mithali Raj (2020-21)
Harmanpreet Kaur (2021-22)
Jemimah Rodrigues (2022-23)
- Most Wickets in ODIs – Women
Poonam Yadav (2019-20)
Jhulan Goswami (2020-21)
Rajehwari Gayakwad (2021-22)
Devika Vaidya (2022-23).
- Best Umpire in Domestic Cricket
KN Ananthapadmanabhan (2019-20)
Vrinda Rathi (2020-21)
J Madangopal (2021-22)
Rohan Pandit (2022-23).
- Best performance in domestic tournaments
Mumbai (2019-20)
- Lala Amarnath Award:Best all-rounder in domestic limited-over competitions
Baba Aparajith (2019-20)
Rishi Dhawan (2020-21, 2021-22)
Riyan Parag (2022-23).
- Lala Amarnath Award: Best all-rounder in Ranji Trophy
Manishankar Mura Singh (2019-20)
Shams Mulani (2021-22)
Saransh Jain (2022-23)
- Madhavrao Scindia Trophy: Highest run-getter in Ranji Trophy
Rahul Dalal (2019-20)
Sarfaraz Khan (2021-22)
Mayank Agarwal (2022-23)
- Madhavrao Scindia Trophy: Highest wicket-taker in Ranji Trophy
Jaydev Unadkat (2019-20)
Shams Mulani (2021-22)
Jalaj Saxena (2022-23)
- MA Chidambaram Trophy: Highest wicket-taker in U19 Cooch Behar Trophy
Harsh Dubey (2019-20)
AR Nishad (2021-22)
Manav Chothani (2022-23)
- MA Chidambaram Trophy: Highest run-getter in U19 Cooch Behar Trophy
- Kanpillewar (2019-20)
Mayank Shandilya (2021-22)
Danish Malewar (2022-23)
- MA Chidambaram Trophy: Highest wicket-taker in U23 Col Cok Nayudu Trophy
Ankush Tyagi (2019-20)
Harsh Dubey (2021-22)
Vishal Jayswal (2022-23)
- MA Chidambaram Trophy: Highest run-getter in U23 Col Cok Nayudu Trophy
Parth Palawat (2019-20)
YV Rathod (2021-22)
Kshitij Patel (2022-23)
Books
“Conversations with Aurangzeb” written by Charu Nivedita
- Tamil writer Charu Nivedita’s “Conversations with Aurangzeb”, translated by Nandini Krishnan, is an unpredictable book.
- In it, a writer begins a novel with an idea but soon meets the spirit of Mughal emperor Aurangzeb, who decides to seize the opportunity to tell his side of the story.
- The writer and Aurangzeb speak of the past and present, of Mughals and Marxism, of satire and Sunny Leone, and a host of other contemporary subjects. Krishnan says the novel is “defiant of all genres”.
Recent Books
- Conversations with Aurangzeb – Charu Nivedita (translated by Nandini Krishnan)
- Assam’s Braveheart Lachit Barphukan – Arup Kumar Dutta (launched by Amit Shah)
- Fertilising the Future – Dr. Mansukh Mandaviya (launched by VP Jagdeep Dhankhar)
- The Babri Masjid Ram Mandir Dilemma: An Acid Test for India’s Constitution – Madhav Godbole
- Why Bharat Matters – S Jaishankar
- Breaking the Mould – Raghuram Rajan & Rohit Lamba
Important day
24 January – International Day of Education
- The International Day of Education is observed across the globe on January 24 to underscore education as a basic human right and a public responsibility.
- International Day of Education is envisioned to promote gender equality, inclusivity, and poverty eradication through quality education and democratic participation.
- Theme 2024 – Learning for lasting peace
- On December 3, 2018, the United Nations General Assembly (UNGA) adopted a resolution that proclaimed January 24 as the International Day of Education.
- The UNGA aimed to highlight and celebrate the role of learning for development.
- The adoption of the resolution 73/25 “International Day of Education” was co-authored by Nigeria and 58 other member states to promote inclusive, equitable, and quality education for all.
25 January – National Voters Day
- The National Voters’ Day is celebrated every year in India on January 25 to encourage the country’s voters to participate in the electoral process.
- This year, it is the 14th edition which is being celebrated.
- Theme 2024 – Nothing Like Voting, I Vote For sure
- The first-ever National Voters’ Day was celebrated on January 25, 2011, to encourage more young voters to take part in the electoral process where the Union government, then led by Prime Minister Manmohan Singh, had approved a proposal of the law ministry to this effect.
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