Table of Contents
Daily Current Affairs 29th December 2023 Daily GK Update
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National News
Cabinet approves opening of Consulate General of India in Auckland, New Zealand
- The Union Cabinet chaired by the Prime Minister, Narendra Modi has approved the proposal to open a Consulate General of India in Auckland, New Zealand.
- Opening of Consulate General of India in Auckland would help in increasing India’s diplomatic footprint and strengthen India’s diplomatic representation in view of India’s increasing global engagement.
- This will also help promote India’s strategic and commercial interests and better serve the welfare of the Indian community in Auckland.
- The Consulate is likely to be opened and fully operationalized within a time frame of 12 months.
About New Zealand
- Capital – Wellington
- Currency – Dollar
- Prime Minister – Christopher Luxon
- Deputy Prime Minister – Carmel Sepuloni
India and Italy signed Mobility and Migration Partnership Agreement
- The Union Cabinet has provided ex-post facto approval to the Ministry of External Affairs’ proposal to sign and ratify the Migration and Mobility Agreement between India and Italy.
- This agreement aims to strengthen ties between both cultures and promote mobility among students, skilled workers, business professionals, and young talent.
- This also includes a 12-month residency that may be granted to Indian students in Italy for work experience.
- This agreement was signed on November 2, 2023, by External Affairs Minister S Jaishankar and the Italian Minister of Foreign Affairs and International Cooperation, Antonio Tajani. Now, Union cabinet, chaired by Prime Minister Narendra Modi, approved the proposal to move ahead.
Recently India signed MoUs with others countries
- India, Russia ink pacts on construction of future power generating units of Kudankulam nuclear plant, Tamil Nadu
- India provides $250 million Line of Credit to Kenya for agricultural modernisation
- India and US sign MoU to connect dynamic startup ecosystems
- India and UAE sign MoU to Strengthen Educational Ties
- India and Tanzania agree on 5-year roadmap for defence cooperation
India and Malaysia sign an MoU for Cooperation in Broadcasting
- The Union Cabinet chaired by Prime Minister, Narendra Modi has approved the MoU/Agreement to strengthen the cooperation in the field of broadcasting, exchange of news, and audio-visual programmes as well as significantly augment India’s friendly relations with Malaysia.
- With this, the total number of MoUs signed by Prasar Bharati with different countries has increased to 46.
- Prasar Bharati plays a very important role in nation-building and lays continuous focus on providing meaningful and accurate content to one and all, both within the country and abroad.
- These MoUs are going to be crucial in distribution of content in other countries, in developing partnerships with international broadcasters and exploring new strategies to address the demands of new technologies.
- The major benefit arising out of signing of MoUs are exchange of programmes in the areas of Culture, Education, Science, Technology, Sports, News and other fields on gratis/non-gratis basis.
About Malaysia
- Capital – Kuala Lumpur
- Currency – Ringgit
- Prime Minister – Anwar Ibrahim
Union cabinet approves increase in copra MSP for upcoming 2024 season
- The Union Cabinet has approved the Minimum Support Price (MSP) for copra for the 2024 season.
- The MSP for fair average quality of milling copra and ball copra has been fixed at Rs 11,160 per quintal and Rs 12,000 per quintal for the 2024 season, respectively.
- The MSP for the 2024 season had been hiked by Rs 300 per quintal for milling copra and Rs 250 per quintal for ball copra over the previous season.
- The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for the MSPs for copra for the 2024 season.
- The central government had announced in the Union Budget of 2018-19, that MSPs of all the mandated crops will be fixed at a level of at least 1.5 times of all India weighted cost of production.
- Kerala and Tamil Nadu are the major producers of milling copra, whereas ball copra is produced predominantly in Karnataka.
- In the last ten years, the government has increased the MSP for milling copra and ball copra from Rs 5,250 per quintal and Rs 5,500 per quintal in 2014-15 to Rs 11,160 per quintal and Rs 12,000 per quintal in 2024-25, recording a rise of 113 percent and 118 percent, respectively.
- Ball/edible copra is used as a dry fruit and employed for religious purposes, whereas milling copra is used to extract oil.
Kerala CM launched new board for transparent Public Sector Recruitment
- Kerala Chief Minister Pinarayi Vijayan has inaugurated an autonomous board established by the state government to recruit efficient and skilled candidates for Public Sector Units (PSUs) through a transparent selection process.
- The board aims to enhance the efficiency of public sector institutions in the state, he said during the inauguration of the Kerala Public Enterprises (Selection and Recruitment) Board, and its office at Vellayambalam.
- The recruitment of public sector undertakings under the Department of Industries and Commerce will be under the board’s purview in the first phase.
- Initial tasks include selection for various posts in 20 public institutions and appointing managing directors in 22 public sector institutions.
About Kerala
- Capital – Thiruvananthapuram
- Chief Minister – Pinarayi Vijayan
- Governor – Arif Mohammad Khan
Delhi, Bangalore, Mumbai host over 20% of India’s crypto investments
- A report by crypto trading platform Coin Switch showed Delhi maintained its lead in India’s crypto adoption, followed by Bangalore and Mumbai. The parameter for this was in terms of value invested.
- According to the report, more than 20 percent of India’s total crypto investments are concentrated in the three major metropolitan areas: Delhi (9 percent), Bangalore (8 percent) and Mumbai (5 percent).
- Ghaziabad claimed the 10th position in the list of the top invested cities, replacing Patna.
- Around 75% of crypto investors are under 35 years old, while women make up 9% of India’s crypto investor base.
- Dogecoin, Bitcoin, and Ethereum were the most invested cryptocurrencies of the year.
International News
PPP nominated first Hindu woman for elections in Khyber Pakhtunkhwa
- Pakistan People’s Party nominates Dr Saveera Parkash, to contest from Khyber Pakhtunkhwa’s Buner district in the General Elections.
- The decision comes following the Pakistan Electoral Commission’s mandate of having at least 5% women candidates on general seats.
- Prakash, a member of the PPP women’s wing, will run for the PK-25 seat in the February 8 elections.
- Her father, Oam Parkash is a retired doctor and has been an active member of the PPP for over three decades.
- Saveera was also serving as the PPP women’s wing General Secretary in Buner.
Banking and Financial
Reserve Bank of India approves IDFC-IDFC First Bank merger
- Reserve Bank of India has given its nod for the reverse merger of IDFC Ltd with its banking subsidiary IDFC First Bank.
- The boards of IDFC First Bank and IDFC have approved the reverse merger in July.
- As part of the composite scheme of amalgamation, IDFC FHCL would first merge with IDFC and then IDFC into IDFC First Bank Ltd.
- The scheme remains subject to other statutory and regulatory approvals, including from the National Company Law Tribunal and the respective shareholders and creditors of the companies involved under the applicable laws.
- Under the proposed reverse merger scheme, an IDFC shareholder will get 155 shares for every 100 shares she/he holds in the bank. Both stocks have a face value of Rs 10 each.
- Post the merger, the standalone book value per share of the bank will increase by 4.9 percent, as calculated on the audited financials as of March 2023. As of June 2023, IDFC through its non-financial holding company, owned 39.93 percent in IDFC First Bank.
About IDFC First Bank
- Founded – October 2015
- Headquarters – Mumbai
- MD & CEO – V. Vaidyanathan
- Executive Director – Madhivanan Balakrishnan
Appointment
Katie Moon appoints as ambassador of Mumbai Marathon
- Two-time pole vault world champion and Tokyo Olympics gold medalist Katie Moon has been roped in as event ambassador for the 19th edition of the Tata Mumbai Marathon.
- Promoted by Procam International, the Mumbai Marathon is a World Athletics Gold Label Race.
- Moon had clinched gold medal at the 2022 Eugene and 2023 Budapest World Athletics Championships.
Recent Brand Ambassador
- Rishabh Pant – Iodex Ultra Gel+
- Deepika Padukone – Bisleri (Campaign Name – #DrinkItUp)
- Kartik Aaryan – Brand Ambassador for Football by Sony Sports Network
- Amrita Raichand – Health Ambassador for Salaam Bombay Foundation
- Sourav Ganguly – Tripura Tourism
LIC appoints S Sunder Krishnan as Chief Risk Officer
- Life Insurance Corporation of India (LIC) has appointed S Sunder Krishnan as the new Chief Risk Officer (CRO).
- Krishnan, a chartered accountant, brings 18 years of experience from leadership roles at Reliance Nippon Life Insurance.
- He takes over the role from Pratap Chandra Paikray, as confirmed in a regulatory filing by LIC.
Recent Appointment in Banking & Insurance Sector
- Part-time Chairman of Kotak Mahindra Bank – CS Rajan (replace Prakash Apte)
- Interim MD & CEO of North East SFB – Satish Kumar Kalra
- Chairman of the Bombay Stock Exchange (BSE) – Pramod Agrawal (replace SS Mundra).
- Executive Director (ED) of ICICI Bank – Sandeep Batra
- CEO of Indifi Technologies – Sangram Singh
UN chief appoints Sigrid Kaag as senior humanitarian coordinator for Gaza
- UN Secretary-General Antonio Guterres has appointed Sigrid Kaag of the Netherlands as the senior humanitarian and reconstruction coordinator for Gaza.
- In this role, she will facilitate, coordinate, monitor, and verify humanitarian relief consignments to Gaza.
- She will also establish a United Nations mechanism to accelerate humanitarian relief consignments to Gaza through States which are not party to the conflict.
- In executing these functions, she will be supported by the UN Office for Project Services (UNOPS). Ms. Kaag is expected to begin her assignment on 8 January 2024.
About United Nations (UN)
- Founded – 24 October 1945
- Headquarters – New York, US
- Official languages – Arabic, Chinese, English, French, Russian & Spanish
- Membership – 193 member states
- 1st Secretary General – Trygve Halvdan Lie (Norway)
- 9th Secretary‑General – António Guterres (Portugal)
- Deputy Secretary-General – Amina J. Mohammed (Nigeria)
- United Nations Day is celebrated on October 24 every year
Science
China launches a Long March-11 carrier rocket into space
- China has successfully launched a Long March-11 carrier rocket into space, sending three satellites into planned orbit.
- The Taiyuan Satellite Launch Center launched the rocket from waters off the coast of Yangjiang, south China’s Guangdong Province.
- The satellites will be mainly used for space science and technology experiments. It was the 503rd mission of the Long March carrier rocket series.
About China
- Capital – Beijing
- Currency – Yuan
- President – Xi Jinping
Sports
Suriya acquired ownership of Chennai in Indian Street Premier League
- National Award winner Suriya has joined the Indian Street Premier League (ISPL) as the owner of team Chennai.
- The ISPL is India’s first tennis ball T10 cricket tournament that will be played inside a stadium.
- The tournament will feature 19 high-intensity matches, boasting a line-up of six teams – Hyderabad, Mumbai, Bengaluru, Chennai, Kolkata, and Srinagar.
- Recently, Amitabh Bachchan, Akshay Kumar, Hrithik Roshan, and Ram Charan were announced as the team owners of Mumbai, Srinagar, Bengaluru, and Hyderabad, respectively.
- The ISPL is scheduled to be held from March 2 to March 9 in Mumbai.
Obituary
Former EU Commission President Jacques Delors dies at 98
- Jacques Delors, a former head of the EU Commission and key figure in the creation of the euro currency, has died at the age of 98.
- Delors, a Socialist, had a high-profile political career in France, where he served as finance minister under president Francois Mitterrand from 1981 to 1984.
- He headed up the European Commission from 1985 to 1995, a decade that saw major steps in the bloc’s integration.
- These included the completion of the common market, the Schengen accords for travel, the Erasmus programme for student exchanges, and the creation of the bloc’s single currency, the euro.
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