Current Affairs Today 27th December 2023 Daily GK Update

Daily Current Affairs 27th December 2023 Daily GK Update

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National News

UP CM inaugurated state’s first intra-district chopper service

  • Marking the birth anniversary of former Prime Minister Atal Bihari Vajpayee, Uttar Pradesh Chief Minister Yogi Adityanath has inaugurated UP’s first intra-district helicopter service from Bateshwar in Agra to Goverdhan in Mathura.
  • Based on the private-public partnership (PPP), the helicopter service is to be run by a private player from Uttrakhand. A helicopter service will cover a distance of 65 km between Agra city and Mathura.
  • CM Yogi Adityanath also unveiled a statue of former PM Atal Bihari Vajpayee on his birth anniversary in his native village Bateshwar in Agra district.
  • UP CM also laid the foundation stone of projects worth ₹100 crore, which are aimed at bringing new life to Bateshwar, a historical village located amid the ravines of Chambal across the borders of Uttar Pradesh and Madhya Pradesh.

About Uttar Pradesh

  • Capital – Lucknow
  • Chief Minister – Yogi Adityanath
  • Governor – Anandiben Patel

Telangana introduced Rs 5 lakh accident insurance for Gig Workers

  • Telangana Chief Minister A Revanth Reddy has announced, government will provide Rs 5 lakh for accident insurance to gig workers such as those involved in food delivery, and driving cabs and autorickshaws.
  • The government would also provide Rs 10 lakh health cover under the ‘Rajiv Arogyasri’ scheme.
  • The state government will provide social security to workers in the unorganized sectors and will make a policy decision in this direction.
  • Reddy promised that the state government would study the existing policy for gig workers in Rajasthan and introduce an effective law in the next state budget session.

About Telangana

  • Established – 2 June 2014
  • Capital – Hyderabad
  • Chief Minister – Revanth Reddy (replace K. Chandrashekar Rao)
  • Deputy CM – Mallu Bhatti Vikramarka
  • Governor – Tamilisai Soundararajan
  • Speaker of Telangana Assembly – Gaddam Prasad Kumar
  • Legislative Assembly Seats – 119

Health Minister launched ‘MedTech Mitra’ to advance health Solution.

  • Union Health Minister Mansukh Mandaviya has virtually launched MedTech Mitra – a strategic initiative to empower MedTech innovators and advance healthcare solutions.
  • It will be a game-changer for Indian MedTech industry and facilitate indigenous development of affordable, quality MedTech devices and diagnostics.
  • He said the medical devices sector is an integral constituent of India’s healthcare sector. He also said India is taking a holistic approach to health with a vision to transform the health landscape in the country by 2047.

Mansukh Mandaviya in News

  • Mansukh Mandaviya inaugurates Global Food Regulators Summit 2023
  • Mansukh Mandaviya inaugurated National Food Safety & Standards Training Centre
  • Mansukh Mandaviya and Ashwini Vaishnaw flagged off Jan Aushadhi train as part of the week-long celebrations to commemorate the scheme

Bharat Electronics Secures ₹445 Cr Deal For UP Dial 112 Project

  • Navratna DPSU Bharat Electronics Limited (BEL) has signed a contract for a value of Rs 445 Cr with the UP Government for next generation UP Dial 112 project.
  • BEL will be providing comprehensive and state-of-art hardware, AI based software tools and Cyber Security solutions for the Dial 112 project, which is spread across the entire state of Uttar Pradesh.
  • The company has also received additional orders worth Rs 233 Cr. these orders pertain to Communication Display Units, Thermal Imaging cameras, and other miscellaneous spares & services.
  • BEL has cumulatively received orders worth Rs.26,613 Cr in the current financial year 2023-24.

Recent MoU

  • Ministry of Rural Development signed with JioMart to Self-Help Groups’ Products
  • Tata Power ties up with Indian Oil to set up over 500 EV charging stations
  • RITES signed pact with CFM Mozambique for 10 diesel locomotive supply
  • THDC India inks pact to develop renewable energy projects in Karnataka
  • IBM inks 3 pacts with IT Ministry on semiconductor, Al, Q-computing

Bihar Police to launch ‘Mission Investigation@75 days’

  • Bihar Police will launch a new initiative, “Mission Investigation@75 days”, making it mandatory for investigators to complete the investigation of cases within 75 days of FIR registration starting from January 1 next year.
  • The Bihar government is preparing to take several measures from January 1, 2024 to make the state police more people-friendly and accountable. Our main focus is to improve the quality of investigation.
  • The performance of all police stations and district police will also be reviewed on a monthly basis from January 1.

About Bihar

  • Capital – Patna
  • Chief Minister – Nitish Kumar
  • Governor – Rajendra Vishwanath Arlekar

International News

UK to introduce carbon import levy on certain products by 2027

  • United Kingdom will implement a new carbon import levy on some products from 2027 to help to protect businesses against cheaper imports from countries with less strict climate policies.
  • The planned carbon border adjustment mechanism (CBAM) will apply to carbon-intensive products in the iron, steel, aluminium, fertiliser, hydrogen, ceramics, glass and cement sectors.
  • The charge applied will depend on the amount of carbon emitted in the production of the imported good and any gap between the carbon price applied in the country of origin and the carbon price faced by UK producers.
  • Britain, which has a target of reaching net zero emissions by 2050, launched an emissions trading system (ETS) in 2021 to charge power plants, factories and airlines for each tonne of carbon dioxide they emit as part of efforts to meet that goal.

About United Kingdom (UK)

  • Capital – London
  • Currency – Pound sterling
  • Prime Minister – Rishi Sunak

India to Acquire Five Lithium Blocks in Argentina

  • The Indian government is planning to enter into exploration and development agreements with the Argentina government for five lithium blocks that have been identified by Khanij Bidesh India (KABIL) in Catamarca province.
  • The Centre will be investing around Rs 200 crore over the next five years for the purpose of exploring and developing these mines.
  • This marks India’s second attempt at signing a foreign partnership for sourcing critical minerals after previously signing a memorandum of understanding with Australia’s Critical Minerals Facilitation Office (CMFO) in 2022.
  • The 2022 agreement allowed India to explore five blocks, two for lithium and three for cobalt.
  • Argentina boasts 21 percent of the world’s 98 million tonne lithium reserves, which makes it the second-largest lithium reserve after Bolivia, according to the United States Geological Survey’s (USGS) Lithium Statistics and Information 2023 report.
  • These reserves are present in salt flats located in Salta, Catamarca and Jujuy provinces, which together form part of the Lithium Triangle.

About Argentina

  • Capital- Buenos Aires
  • Currency- Argentine Peso
  • President – Javier Milei
  • National sport- Pato

Banking and Financial

Education Loans Experience 20.6% Spike From April To October

  • Education loans registered a record year-on-year growth of 20.6 percent at ₹1,10,715 crore in the current financial year till October compared with ₹96,853 crore in the year-ago period.
  • According to Reserve Bank of India (RBI) data, the spurt in education loans was the highest in the last five years.
  • The growth registered in the comparable period was 12.3 percent FY23 and (-) 3.1 percent in FY22.
  • For the last one-year, foreign education loans with an average ticket size of ₹40 lakh-60 lakh accounted for nearly 65 percent of loans disbursed.
  • Loans for education in the US are on the higher side. The US Embassy and its consulates in India issued a record 1.40 lakh student visas between October 2022 and September 2023 this year.

IndusInd Bank launches ‘eSvarna’ credit card

  • IndusInd Bank has launched the ‘IndusInd Bank eSvarna’, India’s first Corporate Credit Card on RuPay network.
  • This launch positions IndusInd Bank as the first in the country to integrate UPI functionality with a Corporate Credit Card.
  • The card facilitates transactions at merchant outlets and allows users the flexibility to make UPI payments by linking the card with UPI-enabled apps.
  • The IndusInd Bank eSvarna credit card on the RuPay network comes with perks and rewards.

IndusInd Bank

  • Founded – 1994
  • Founder – S.P. Hinduja
  • Headquarters – Mumbai, Maharashtra,
  • MD & CEO – Sumant Kathpalia
  • Tagline – We Make You Feel Richer

Recent Facilities Launched in Banking & Insurance Sector

  • Kotak Mahindra Life Insurance launched U.L.I.P (Term with Unit Linked Insurance Plan) Product
  • RBL Bank Introduces Electronic Bank Guarantee on NeSL Platform
  • Reliance General Insurance unveils ‘Reliance Health Global’
  • IndusInd Bank introduces ‘Indus Solitaire Program’ for the Diamond Industry
  • Canara HSBC Life Insurance launches ‘Alpha Wealth’ plan with option to alter premiums

Ola Electric files IPO papers with Sebi; first by auto company in 20 years

  • Electric two-wheeler company Ola Electric has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial public offering (IPO)– the first issue by an automaker in the country in more than 20 years.
  • The proposed IPO is a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 9.52 crore equity shares by promoters and investors, according to the draft red herring prospectus (DRHP).
  • Proceeds from the fresh issue will be used for capital expenditure to be incurred by the subsidiary, OCT for the Ola Gigafactory project, payment of debt by subsidiary OET, investment into research and product development, expenditure for organic growth initiatives, and general corporate purposes.

World Bank Approves $100 Mn For Skill Development In Sikkim

  • The World Bank’s Board of Executive Directors has approved a new project to support the state of Sikkim’s efforts to train, upskill, and provide jobs for 300,500 women and youth in high-growth and priority sectors.
  • Sikkim has been one of the fastest-growing states in India. While over 40 percent of youth are currently engaged in agriculture, the state has a growing manufacturing and services industry.
  • To sustain growth, the state aims to skill its women and youth in jobs in non-farm sectors like renewable energy, information and technology (IT) services, tourism, hospitality and wellness care, and creative design.
  • The $100 million Sikkim: Integrated Service Provision and Innovation for Reviving Economies (INSPIRES) Operation will establish an Employment and Entrepreneurship Promotion Facility, which will promote partnerships with private-sector firms, central agencies, and business associations.
  • In addition, the project will provide staff trainings and build public procurement capacity across priority state departments.

Recent Loan Approved by World Bank

  • World Bank approved $300 million for Tamil Nadu to help 21 Urban Local Bodies
  • World Bank approves $ 1.5 bn financing for India’s low-carbon transition
  • World Bank approves $391 million for Assam, Tripura
  • World Bank approves $150-million loan for Resilient Kerala programme

Sports 

Coca-Cola extends partnership with ICC till 2031

  • Beverage major Coca-Cola has extended its partnership with the International Cricket Council (ICC) for eight years, encompassing ICC World events across all three formats, up until the end of 2031.
  • This eight-year partnership as a Global Partner of the ICC confirmed the collaboration as one of the longest-ever associations formed by the ICC with a single brand, spanning a total timeline of 13 years (2019-2031).
  • The partnership will see the Coca-Cola Company’s brands becoming exclusive non-alcoholic beverage partners. The agreement includes all men’s and women’s events at the pinnacle of the sport including the ICC Cricket World Cups, ICC T20 World Cups, and ICC Champions Trophies through to the end of 2031.

About International Cricket Council (ICC)

  • The International Cricket Council is the global governing body of cricket.
  • It was founded as the Imperial Cricket Conference in 1909 by representatives from Australia, England and South Africa.
  • It was renamed as the International Cricket Conference in 1965, and took up its current name in 1987.
  • Formation – 15 June 1909
  • Headquarters – Dubai, UAE
  • Chairman – Greg Barclay (New Zealand)
  • Deputy Chairman – Imran Khwaja (Singapore)
  • CEO – Geoff Allardice (Australia)
  • General Manager – Wasim Khan
  • Membership – 108 members

Important day

27 December – International Day of Epidemic Preparedness

  • International Day of Epidemic Preparedness is observed every year on 27 December.
  • This special day encourages everyone, including individuals, institutions, and governments, to participate in educational and awareness activities that suit their country’s needs.
  • It emphasizes how crucial it is to prevent, prepare for and work together against outbreaks like diseases.
  • The United Nations proclaimed on December 7, 2020, that December 27 would be the International Day of Epidemic Preparedness.
  • The first-ever International Day of Epidemic Preparedness was organised on December 27, 2020, to show how important it is to be ready for and fight against epidemics.

Obituary

Sculptor Dr. Uttam Pacharne Passed Away

  • Renowned sculptor and former Chairman of Lalit Kala Akademi Dr Uttam Pacharne passed away at the age of 67.
  • Born on June 2, 1956, at Chakhalewadi village in Ahmednagar, Pacharne topped the Art Teacher’s course Diploma in Abhinav Kala Mahavidyalaya, Pune, in 1976, and then did his course in Sculpture & Modelling from the prestigious Sir J. J. School of Art in Mumbai.
  • He bagged the National Lalit Kala Akademi Award and Maharashtra Gaurav Puraskar (1985), Junior National Award in memory of the late PM Indira Gandhi (1986), medals, honours and other accolades during his career of over four decades.
  • He was appointed Chairman of the Lalit Kala Akademi (2018) for a 3-year term and was the President of the Bombay Art Society and other bodies in various capacities.
  • Dr Pacharne’s big and small sculptures adorn different locations in India and abroad, including the White Tiger Regiment at Jhansi (1980), Swami Vivekananda statue, Mumbai (1981), standing Buddha and Dr B. R. Ambedkar statue, both in Dhule (2002), Rajarshi Shahu Maharaj statue in south Mumbai, (2003), Swatantrya Jyot at Andaman & Nicobar Islands (2004), freedom fighter Govindbhai Shroff in Aurangabad (2007), among many more.

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