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Daily Current Affairs 27th September 2024 Daily GK Update
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National News
Tripura govt launches CM-SATH scheme to help meritorious students in higher education
- Chief Minister of Tripura, Dr. Manik Sahah has launched the CM-SATH scheme to boost the educational prospects of the state’s brightest students.
- The scheme, designed to provide financial support to meritorious students for their higher education, reflects the state government’s commitment to quality education.
- The CM-SATH project has been designed to provide financial support of Rs 60,000 (Rs 5,000 monthly) to 200 students — 100 at Madhyamik level and 100 at Higher Secondary level, based on merit for two and three years respectively, for higher learning.
- Under this project, out of 200 students, 152 students at the block level, 12 students at the Nagar Panchayat level, and 10 students at the Agartala Municipal Corporation level would be selected. The 200 beneficiaries will be selected by the District Education Officer of each district.
- The CM-SATH scheme has been launched to ensure that no student’s education is interrupted due to a lack of funds. Rs 1.20 crore would be spent on this project in the first year, Rs 2.40 crore in the second year, and Rs 3 crore from the third year onward.
Giriraj Singh launches ‘Paridhi 24×25’ – a bilingual web portal
- Union Minister of Textiles, Giriraj Singh in the presence of Union Minister of State for External Affairs & Textiles, Pabitra Margherita, launched India-specific fashion trend book, “Paridhi 24×25” a bilingual web portal of VisioNxt and the AI Taxonomy e-book.
- The event saw participation from more than 150 industry leaders from fashion, textiles and retail as well as notable craftsmen and weavers from various craft clusters.
- VisioNxt has produced 60+ micro trend reports, 10+ close-to-season trend reports, 3+ research papers, and the first ever AI Taxonomy book of Indian wear categories to date.
- VisioNxt has positioned India globally among countries that predict fashion trends, increasing the visibility of Indian fashion vocabulary and identity while reducing dependence on international trend agencies.
- During the event, an MoU was signed between NIFT and the National Skill Development Council (NSDC) in the presence of the Shri Giriraj Singh.
- VisioNxt is India’s first-ever initiative that combines Artificial Intelligence (AI) and Emotional Intelligence (EI) to generate fashion trend insights and forecasts. It identifies, maps, and analyses geo-specific trends, reflecting the positive plurality, cultural diversity, and socio-economic nuances of India while collating comprehensive trends and insights.
FRA implementation: Mankidia community becomes 6th PVTG to get habitat rights over forests in Odisha
- The Mankidia community in Odisha has been granted habitat rights, making them the sixth Particularly Vulnerable Tribal Group (PVTG) to receive this recognition under the Forest Rights Act, 2006.
- This important legal recognition allows the Mankidia to access and manage their traditional forest areas, which were previously limited due to their PVTG status.
- The Mankidia are a semi-nomadic tribe, meaning they move around to find resources rather than staying in one place permanently. They are well-known for their skills in rope-making and have traditional practices that include trapping and eating monkeys.
- Historically, the Mankidia have depended on forest resources for their livelihood and cultural practices. With this new recognition, they now have legal rights to their ancestral lands, affirming their connection to these areas.
- Mankidia is the second PVTG to get the habitat rights in the state, while the district-level committees (DLCs) have approved for four other communities.
- Paudi Bhuyan of Deogarh district was the first PVTG to receive habitat rights title in Odisha on March 7, 2024. Habitat rights of Paudi Bhuyan have been recognised in over 32 villages under Barkote block.
About Odisha
- Capital – Bhubaneswar
- Chief Minister – Mohan Charan Majhi (replace Naveen Patnaik)
- Deputy CM – KV Singhdeo and Pravati Parida
- Governor – Raghubar Das
- Legislative Assembly Seat – 147
CAG of India assumes chairmanship of Asian Organisation of Supreme Audit Institutions for 2024-27
- The Comptroller and Auditor General (CAG) of India assumed chairmanship of the Asian Organisation of Supreme Audit Institutions (ASOSAI) for 2024-2027.
- CAG of India Girish Chandra Murmu said the 16th Assembly of ASOSAI has expanded to include 48 Supreme Audit Institutions (SAIs).
- The Assembly, which brings together about 200 delegates from 42 countries, including the heads of 22 SAIs, is a significant milestone in regional cooperation in the field of public auditing, with a focus on enhancing transparency, accountability, and good governance.
West Bengal govt to discontinue tram service in Kolkata barring one short stretch
- The West Bengal government has decided to discontinue the 150-year-old tram service in Kolkata soon, barring a solitary heritage stretch from Maidan to Esplanade.
- Tram lovers, however, have decided to hit the streets in protest against the decision. Kolkata is the only city in the country where trams continue to operate.
- Transport Minister Snehasis Chakraborty said slow-moving trams, which move along the roads creating traffic jams in peak hours, cannot be run in the present situation as commuters need faster modes of transportation.
- “Trams are undoubtedly a part of Kolkata’s heritage after their introduction in 1873 as horse-drawn carriages and played a crucial role in transportation in the previous century.
- Heritage trams, however, will run between Maidan and Esplanade so that people can have a pleasant and environment-friendly ride, the minister said.
About West Bengal
- Capital – Kolkata
- Chief Minister – Mamata Banerjee
- Governor – C V Ananda Bose
India to host the World Telecommunication Standardization Assembly (WTSA) in Delhi
- India will host the World Telecommunication Standardization Assembly (WTSA) in 14 to 24 October 2024, a landmark event in global telecom, marking the first time this critical International Telecommunication Union (ITU) conference will be held in the country.
- The Department of Telecommunications (DoT) has launched a series of WTSA 2024 outreach sessions in major cities, including Delhi, Bengaluru, and Hyderabad, to engage students and foster discussions on the future of global communications.
- This will be the first time such a pivotal ITU standards conference is held in Asia. Over 190 nations will gather to shape the future of global telecom standards, highlighting India’s growing influence in the global telecom industry.
Banking and Financial
Moody’s raises India’s 2024 growth forecast to 7.1% on better growth in Asia-Pacific
- Moody’s has revised its calendar year (CY) 2024 growth forecast for India to 7.1%, from its earlier estimates of 6.8% in June, as it expects growth in the Asia-Pacific region to outpace the global economy.
- It, however, kept its India growth forecast for CY 2025 unchanged at 6.5%.
- The revision in India’s growth forecast by Moody’s comes a month after Moody’s Ratings similarly upgraded the GDP growth forecast to 7.2% in 2024 and 6.6% in 2025.
- The World Bank earlier in September revised its fiscal year 2025 or FY25 growth forecast for India to 7%, from its previous estimate of 6.6%.
Updated GDP List
- Moody’s – 7.1% (CY24), 6.5% (CY25)
- Moody Ratings – 2% (CY24), 6.6% (CY25)
- ADB – 7% (FY24), 7.2%(FY25)
- S&P – 6.8% (FY25), 6.9% (FY26), 7% (FY27)
- World Bank – 7% (FY25)
- Goldman Sachs – 6.7% (CY24), 6.4% (CY24)
- SBI – 7%
- Deloitte – 7 – 7.2% (FY25)
- India Ratings – 7.5% (FY25)
- FICCI – 7% (FY25)
- IMF – 7% (FY25), 6.5% (FY26)
Federal Bank unveils NPS Vatsalya, assuring long-term wealth building to minors
- Federal Bank, one of India’s leading banks has unveiled NPS Vatsalya, a pioneering program inside the National Pension System (NPS) designed exclusively for minors.
- The Government of India launched NPS Vatsalya to provide a secure and flexible retirement planning solution for children while assuring long-term wealth building, through the power of compounding.
- With a minimal annual contribution of Rs. 1,000, this initiative is accessible to families from all socioeconomic backgrounds, encouraging financial inclusion and early financial planning.
- NPS Vatsalya provides diverse investment alternatives, allowing guardians to choose between active and passive investments across multiple asset classes.
- The scheme is managed by reputed fund managers that are registered with the Pension Fund Regulatory and Development Authority (PFRDA), ensuring skilled investment management. Subscribers can also benefit from tax deductions under Sections 80 CCD (1) and 80 CCD (1B) of the Income Tax Act, making it a tax-effective investment alternative.
About Federal Bank
- Founded- 23 April 1931
- Founder- K.P Hormis
- Headquarters – Kochi, Kerala.
- MD & CEO- – KVS Manian (replace Shyam Srinivasan)
Bank of Baroda Unveils Co-Branded Travel Debit Card in Collaboration with EaseMyTrip
- Bank of Baroda, in collaboration with EaseMyTrip.com, has introduced a ‘Bank of Baroda EaseMyTrip Co-branded Travel Debit Card’, targeting frequent travellers and those spending on entertainment and lifestyle.
- This is the first co-branded travel debit card to be launched by a public sector bank.
- The card offers an array of exclusive benefits across travel bookings, hotel stays, OTT streaming platforms, and popular e-commerce sites, ensuring that users enjoy year-round savings with no minimum order value.
- From discounts on flights and hotel bookings to complimentary premium memberships, the card is designed to redefine the customer experience.
About Bank of Baroda (BOB)
- Founded – 1908
- Headquarters – Vadodara, Gujarat
- MD & CEO – Debadatta Chand
- Chairman – Hasmukh Adhia
- Tagline – India’s International Bank
Appointment
Centre notifies appointment of Chief Justices of eight High Courts
- The Central Government, through the Ministry of Law and Justice, officially has announced the appointment of Chief Justices to eight High Courts, aiming to fill key judicial positions and ensure the effective functioning of the judicial system across various states.
- The Supreme Court Collegium initially made recommendations for these appointments on July 11, 2023. However, revisions were made to the original list on September 17, 2023, altering the recommendations concerning four High Courts.
- Chief Justice of the Delhi High Court – Justice Manmohan
- Chief Justice of Meghalaya High Court – Justice Indra Prasanna Mukerji
- Chief Justice of the Himachal Pradesh High Court – Justice Rajiv Shakdher
- Chief Justice of the Madhya Pradesh High Court – Justice Suresh Kait
- Chief Justice of the Kerala High Court – Justice Nitin Madhukar Jamdar
- Chief Justice of the Jammu & Kashmir and Ladakh High Court – Justice Tashi Rabstan
- Chief Justice of Madras High Court – Justice Shriram Kalpathi Rajendran
- Jharkhand High Court – Justice M.S. Ramachandra Rao
Important day
26 September 2024 – World Maritime Day
- World Maritime Day is observed every year on the last Thursday of September. This year, the World Maritime Day is taking place on September 26
- Objective – To provide an opportunity to draw people’s attention to the importance of shipping and other maritime activities across the globe.
- Theme 2024 – Navigating the Future: safety first
- This special day is organised by the International Maritime Organization (IMO) to highlight the importance of maritime activities and the contributions of the maritime industry to global development.
26 September – International Day for the Total Elimination of Nuclear Weapons
- The International Day for the Total Elimination of Nuclear Weapons is celebrated on September 26th every year.
- Objective – To raise awareness about the threat of nuclear weapons and to promote their elimination.
- It was declared by the UN General Assembly (UNGA) in 2013.
- The first Special Session of the UNGA devoted to disarmament, held in 1978, reaffirmed the preeminence of nuclear disarmament.
- The Atomic Energy Commission (1946) to propose measures for controlling nuclear energy and eliminating weapons of mass destruction.
27 September – World Tourism Day
- World Tourism Day is observed every year on 27 September.
- Objective – To spread awareness and highlight social, economic and environmental benefits and the international understanding of peace and cooperation through tourism.
- Theme 2024 – Tourism and Peace
- World Tourism Day was 1st celebrated in 1980 by the United Nations World Tourism Organization.
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