Current Affairs Today 29th November 2024 Daily GK Update

Daily Current Affairs 29th November 2024 Daily GK Update

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 National News

Piyush Goyal launches CII’s Ease of Doing Business and Regulatory Affairs Portal

  • Union Minister for Commerce and Industry, Piyush Goyal, has launched the Confederation of Indian Industry (CII) Ease of Doing Business (EoDB) and Regulatory Affairs Portal in a bid to enhance transparency and facilitate feedback on India’s business environment.
  • The portal, unveiled during the 2nd DPIIT-CII National Conference on Ease of Doing Business, aims to provide real-time updates on key initiatives led by the government and CII, empowering users to track progress and resolve concerns effectively.
  • The government’s approach to Ease of Doing Business is rooted in cooperative federalism and aims to make business processes smoother for both entrepreneurs and citizens.

Army launches ‘Eklavya’ online digital platform for officers’ training

  • Chief of the Army Staff (COAS) General Upendra Dwivedi has launched an online learning platform for the Indian Army nicknamed as “Eklavya”.
  • This initiative aligns with the Indian Army propelling itself into the “Decade of Transformation” as envisioned by the COAS and also with Indian Army’s theme for 2024 as the “Year of Technology Absorption,”.
  • The Eklavya software platform has been developed under the aegis of Headquarters Army Training Command with Army War College as the sponsor agency. The platform has been developed at zero cost through “Bhaskaracharya National Institute of Space Applications and Geoinformatics” (BISAG-N), Gandhinagar, along with support from Directorate General of Information Systems.
  • Student officers are permitted to register for multiple courses simultaneously. A total of 96 courses by 17 Category ‘A’ Training Establishments of the Indian Army have already been hosted on the platform.
  • There are three categories of courses hosted on the Eklavya platform. The first category is the ‘Pre-Course Preparatory Capsules’
  • which has study material for all offline physical courses being conducted at various Category ‘A’ training establishments. The aim is to shift the “basics” to the online courses so that physical courses have more and more contemporary content with a focus on the “application part”.
  • The second category of courses are the “appointment or specific assignment-related courses”. Officers on getting posted to some of the specialist appointments have to learn the craft by getting on-the-job training (OJT) and therefore, it takes a finite amount of time for them to function with full efficiency in those appointments.
  • The third category of courses is the “Professonal Development Suite” to include courses on Strategy, Operational Art, Leadership, Organisational Behaviour, Finance, Art of Reading, Power Writing, Emerging Technology etc.
  • The Eklavya also has the functionality of a searchable “Knowledge Highway”, wherein various journals, research papers and articles etc are uploaded under a single window. The platform will go a long way in encouraging continuous professional military education in the officers, decongest and enrich the existing physical course, preparing officers for specialist appointments and encouraging domain specialisation.

IIT Guwahati to host 2024 India International Science Festival

  • Indian Institute of Technology (IIT) Guwahati will celebrate India International Science Festival (IISF) 2024 from November 30 to December 3 in Guwahati.
  • The theme of this 10th edition of IISF is “Transforming India into an S&T-driven Global Manufacturing Hub”. It reflects the government’s aim to merge science and technology with industrial growth, making India a global leader in manufacturing.
  • The India International Science Festival is organised by the Union Ministry of Science and Technology and the Union Ministry of Earth Science in association with Vijnana Bharati.
  • The various departments of the Ministry of Science and Technology—the Department of Science & Technology (DST), Council of Scientific & Industrial Research (CSIR), and Department of Biotechnology (DBT)—are involved in the India International Science Festival.
  • This year, the coordinating job has been given to the Thurivanathpuram-based CSIR laboratory- National Institute for Interdisciplinary Science and Technology.
  • The 9th edition of the India International Science Festival 2023 was held in Faridabad, Haryana, from 17-20 January 2024. The 1st edition of the India International Science Festival was held at the Indian Institute of Technology-Delhi in 2015.

About Vijnana Bharati

  • Vijnana Bharti is a non-governmental organisation that works for the development of the swadeshi science movement in the country.
  • Headquarters: New Delhi
  • K I Vasu of the Indian Institute of Science (Bengaluru) led a group.
  • In 1991, during the Nagpur meeting, it was decided to launch the Swadeshi Science Movement at the national level named Vijnana Bharati.

Kaziranga National Park hosted the 12th International Tourism Mart 2024

  • The 12th International Tourism Mart was held in the UNESCO World Heritage site Kaziranga National Park, Assam.
  • Union Minister for Tourism and Culture Gajendra Singh Shekhawat inaugurated the 12th International Tourism Mart.
  • The International Tourism Mart will highlight the vast potential of tourism in the North-Eastern Region to domestic and international audiences and bring together the Tourism and hospitality industry stakeholders to promote tourism in the region.
  • Kaziranga National Park is celebrating its 50th anniversary of being declared a national park.
  • The International Tourism Mart has been organised by the Union Ministry of Tourism every year since 2013.
  • The International Tourism Mart is held on a rotational basis in one of the eight North Eastern States: Assam, Meghalaya, Nagaland, Tripura, Arunachal Pradesh, Mizoram, Manipur, or Sikkim.
  • The first International Tourism Mart was held in Assam, and the 11th edition was held in Shillong, Meghalaya

About Kaziranga National Park

  • The Kaziranga National Park was formed in 1908, declared a National Park in 1974, declared a UNESCO World Heritage Site in 1985 and a Tiger Reserve in 2006.
  • It is spread over a 430 square kilometre area in the Brahmaputra Valley region of Assam,
  • It is the home to the world’s largest population of Indian one-horned Indian rhinoceros.
  • Over 2,200 one-horned rhinos are found in the park, constituting around 2/3rd of the world’s population.

Banking and Financial

SBI raises ₹50,000 crore via bonds in FY25

 

  • State Bank of India (SBI) has raised ₹50,000 crore through domestic bonds so far during FY25.
  • The bond issuances include ₹30,000 crore in long-term, tier 2 bonds worth ₹15,000 crore and AT1 bonds amounting to ₹5000 crore.
  • The bank garnered Rs 5,000 crore AT1 Bonds, Rs 15,000 crore Tier 2 Bonds and Rs 30,000 crore Long Term Bonds till date during FY25 at a very competitive rate.
  • The country’s biggest lender State Bank of India earlier this month had raised Rs 10,000 crore through its seventh infrastructure bond issuance.
  • All these issues have attracted overwhelming responses from investors and were oversubscribed by more than 2 times against the respective base issue size.
  • These bonds are of 15-year tenor except for the AT1 Bonds which is perpetual.

SEBI pushes for interoperability between NSE and BSE during outages from April 1

  • The Securities and Exchange Board of India (Sebi) has announced the interoperability of stock exchanges to ensure business continuity in the face of a technical glitch or an outag The interoperability for cash, derivatives, currency derivatives, and interest rate derivatives will be effective from April 1, 2025.
  • Upon discussion with exchanges, it has been decided that, to begin with, the NSE would act as an alternative trading venue for the BSE and vice-versa.
  • Stock exchanges have been directed to issue a standard operating procedure (SOP) regarding it in the next two months.Traders would be able to hedge their open positions by taking offsetting positions in identical or correlated indices on other exchanges.

Ideal Insurance Brokers Join Hands with Riskcovry to Launch Digital Insurance Platform

  • Ideal Insurance Brokers, one of India’s leading insurance broking firms, has partnered with insurtech platform Riskcovry to introduce a state-of-the-art digital insurance distribution platform. This collaboration significantly shifts from traditional offline processes to a fully digital and customer-centric approach.
  • The partnership equips Ideal Insurance with a comprehensive digital suite, providing its team with instant access to a wide range of insurers and products through an intuitive dashboard. Key features include real-time business tracking via robust MIS and reporting tools and streamlined workflows that minimize manual tasks and operational errors.

Appointment

SBI Funds Management appoints Nand Kishore as MD & CEO

  • SBI Funds Management has appointed Nand Kishore as Managing Director & Chief Executive Officer. He will take over from Shamsher Singh.
  • Kishore was Deputy Managing Director (Global Markets) at SBI’s Corporate Centre in Mumbai, where he oversaw the bank’s treasury operations.
  • Kishore has over 34 years of experience working with SBI across major banking verticals such as Branch Banking, International Operations, Treasury Operations and Investment Banking, Corporate Banking and Retail Operations.
  • He began his career at the SBI as a Probationary Officer in 1990 and moved up the ranks to become Deputy Managing Director.

Recent Appointment in Banking & Insurance Sector

  • MD and CEO of Indian Bank – Binod Kumar (replace S L Jain) final approval pending
  • DBS Bank India – Rajat Verma (replace Surojit Shome)
  • Country manager for India – Rishi Chhabra
  • Chief General Manager of SBI for New Delhi Circle – Debasish Mishra
  • MD and CEO of IFCI Ltd. – Rahul Bhave
  • MD and CEO of Punjab National Bank (PNB) – Ashok Chandra

Hemant Soren sworn in as the Jharkhand Chief Minister for 4th time

  • Jharkhand Mukti Morcha (JMM) leader Hemant Soren was sworn in as the chief minister of Jharkhand for the fourth time.
  • Governor Santosh Kumar Ganagwar administered the oath of office and secrecy as the 14th chief minister of Jharkhand in a ceremony at Ranchi’s Morabadi Ground.
  • This is the fourth time Hemant Soren has been sworn in as the Chief Minister of Jharkhand. He was first sworn in on 13 July 2013 and remained in office until 28 December 2014. His second term was from 2019- 31 January 2024, and his third term was from 4 July—28 November 2024.
  • He broke the record of his father, Shibu Soren, who was also the Chief Minister of Jharkhand three times.
  • During the recently held Jharkhand Legislative Assembly election, Hemant Soren led the INDIA alliance to a thumping majority. The INDIA alliance won 56 seats in the 81-member Jharkhand Assembly.
  • Hemant Soren won his Barhait assembly seat by 39,791 votes, defeating BJP’s Gamliyel Hembrom in the recently held assembly polls.
  • Jharkhand was created on 15 November 2000 as the 28th state of India after the enactment of the Bihar Reorganisation Act 2000.
  • To date, seven people have served as its chief minister. Bharatiya Janata Party’s Babulal Marandi was the first Chief Minister of Jharkhand.

Masato Kanda elected as new President of ADB

  • Masato Kanda, former top currency diplomat for Japan, was elected as 11th president of the Asian Development Bank (ADB).
  • Kanda, 59, currently serves as special advisor to Japan’s prime minister and minister of finance.
  • He will assume office on Feb 24, 2025, succeeding Masatsugu Asakawa, who will leave office on Feb 23 next year.
  • Kanda will complete the unexpired term of Asakawa, which ends on Nov 23, 2026.

About Asian Development Bank (ADB)

  • Founded – 19 December 1966
  • Headquarters – Mandaluyong, Metro Manila, Philippines
  • President – Masato Kanda (replace Masatsugu Asakawa) effect from 24 Feb 2025
  • Vice President – Ashok Lavasa
  • Director of ADB for India – Mio Oka (replace Takeo Konishi)
  • Executive Director – Vikas Sheel
  • Adviser to the Executive Director – Smita Sarangi
  • Member Countries – 69 (Israel)

Recent Appointments in Foreign

  • Secretary General of Interpol – Valdecy Urquiza (Brazil’s Federal Police Commissioner)
  • Chairperson of 77th Session of WHO Regional Committee – JP Nadda
  • President of the 68th General Conference of the International Atomic Energy Agency (IAEA) – Sang Wook Ham
  • First Indian President of Olympic Council of Asia (OCA) – Raja Randhir Singh
  • First Female Government Spokesperson of Iran – Fatemeh Mohajerani
  • CEO of Nestlé – Laurent Freixe (replace Mark Schneider)

DRA signs up Rashmika Mandanna as brand ambassador

  • Chennai-based real estate developer, DRA has signed on actress Rashmika Mandanna, as its brand ambassador.
  • The company, which has so far developed 10 million sq ft of (mostly) residential space in Chennai, expects to add 2.7 m sq ft from its nine ongoing and six upcoming projects.
  • Rashmika, who co-starred with Amitabh Bacchan, Goodbye, will help in this effort.
  • The actor has endorsed many brands and products, such as McDonald’s, Kalyan Jewellers, Bisk Farm, Cashify and Dabur Honey and in 2023 was the first Indian ambassador to the Japanese fashion brand Onitsuka Tiger.

Recent Brand Ambassador

  • Sonu Sood – Brand Ambassador and Honourary Tourism Advisor for Thailand
  • Harbhajan Singh & Sania Mirza – Dubai Sports Council brand ambassador
  • Shreyanka Patil – BOBCARD Limited
  • Rashmika Mandanna – National Ambassador for Promoting Cyber Safety
  • Rahul Dravid – Shriram Finance Ltd,
  • Manu Bhaker – Ministry of Ports, Shipping and Waterways (MoPSW)

Science

Indian Navy successfully Test fires K-4 Missile from INS Arighaat

  • Indian Navy has successfully tested a nuclear-capable K-4 missile from its nuclear-powered submarine INS Arighaat. The INS Arighaat submarine can carry four K-4 missiles.
  • The Indian Navy commissioned its second nuclear-powered submarine, INS Arighat, on 29 August 2024. The first nuclear-powered submarine, INS Arihant, was inducted in November 2017.
  • INS Arihant can carry only one K-4 missile.

About the K-4 Missile

  • K-4 is a nuclear-capable submarine-launched ballistic missile (SLBM) developed by the Defence Research and Development Organisation (DRDO).
  • The missile is in the user trial phase before its final induction on INS Arihant/INS Arighaat. It is the second SLBM to be developed by the DRDO.
  • The first SLBM of India, Sagarika or K-15, has already been inducted into INS Arihant. It has a range of 750 km. The range of the K-4 SLBM is 3500 Km.

Important day

29 November – International Jaguar Day

  • International Jaguar Day is celebrated every year on November 29, aims to highlight the growing dangers to jaguars and the urgent need for their protection.
  • These big cats, known as the largest in the Americas and key to preserving biodiversity and cultural heritage in Central and South America, are also crucial to the Amazon Rainforest and the third largest cat predator globally.
  • In 2020, the World Wildlife Federation (WWF) started a plan to help jaguars grow in number and protect their homes by 2030. At the United Nations in New York in March 2018, leaders from 14 countries with jaguar habitats came together for the Jaguar 2030 Forum.
  • This meeting led to the Jaguar 2030 Statement, which detailed many joint efforts to save jaguars, including the idea for an International Jaguar Day.

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