Current Affairs Today 9th and 10th November 2024 Daily GK Update

Daily Current Affairs 9th and 10th November 2024 Daily GK Update

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 National News

Govt launches Rs 500 crore scheme to strengthen medical devices industry

• Union Chemicals and Fertilisers Minister JP Nadda has launched a Rs 500 crore scheme to strengthen India’s medical devices industry, focusing on critical areas such as manufacturing key components and accessories, skill development, support for clinical studies, development of common infrastructure, and industry promotion.
• This initial outlay of Rs 500 crore will be for three years, up to financial year 2026-27.
• The overall scheme consists of five components, including common facilities for medical device clusters, capacity building and skill development, a marginal investment scheme for reducing import dependence, clinical studies support.
• Under the scheme, Rs 110 crore has been allocated to strengthen infrastructure through the creation of common facilities such as research and development (R&D) labs, design and testing centres, and animal labs for around 20 medical device clusters in India. This will also include the enhancement of testing facilities.
• Similarly, Rs 180 crore has been outlined for a marginal investment scheme to deepen the value chain by incentivising the production of key components and raw materials used in the manufacturing of medical devices, thereby reducing import dependence. This sub-scheme offers a one-time capital subsidy of 10-20 per cent, with a maximum cap of Rs 10 crore per project.
• The government will also provide a support scheme worth Rs 100 crore for clinical studies of medical devices, enabling developers and manufacturers to apply for financial assistance for animal studies and, if successful, for human trials to validate MedTech products.

Shiv Nadar India’s most generous philanthropist, Nikhil Kamath youngest

• Shiv Nadar, the founder of HCL Technologies, has retained his position as India’s most generous philanthropist for the third time in five years.
• The 79-year-old tech magnate donated Rs 2,153 crore in the financial year 2024 — translating to Rs 5.9 crore every single day, according to the EdelGive-Hurun India Philanthropy List 2024.
• Nadar’s philanthropic work is primarily channeled through the Shiv Nadar Foundation, with a strong emphasis on education and technology-driven initiatives.
• Rohini Nilekani, co-founder of Infosys and wife of Nandan Nilekani, took the lead as the most generous woman on the list with an annual donation of Rs 154 crore.
• The EdelGive-Hurun India Philanthropy List 2024 has revealed a remarkable surge in charitable donations across the country, with a collective donation of Rs 8,783 crore by 203 philanthropists, marking an impressive 55% increase in donations compared to two years ago.
• The EdelGive-Hurun India Philanthropy List 2024 saw significant milestones in India’s charitable landscape:
• 18 philanthropists donated over Rs 100 crore annually — a tenfold increase from 2019, showcasing a growing trend among the country’s wealthiest to contribute larger sums.
• 30 philanthropists donated over Rs 50 crore (a 125% increase from 2019). 61 philanthropists donated over Rs 20 crore, marking a 128% increase from five years ago.
• Nikhil Kamath, co-founder of Zerodha, has become the youngest philanthropist featured in the EdelGive-Hurun India Philanthropy List 2024 at just 38 years old.

Govt reconstitutes CAC to drive reforms, boost apprenticeship training

• With an eye on boosting apprenticeship in the country, the ministry of skill development and entrepreneurship (MSDE) has reconstituted the central apprenticeship council (CAC) to mull over reforms in the existing rules and suggest measures to increase the uptake of on the job training by the industry.
• The reconstituted CAC will have a tenure of three years and will comprise 54 members consisting of representatives from various industry associations, public sector undertakings, state governments and independent experts. The erstwhile council constituted in March 2019 had 46 members.
• MSDE Minister Jayant Chaudhary will be chairing the new council, while Rajya Sabha member Vikramjit Singh Sahney will be the vice-chairman of the council. Earlier, union minister of state, MSDE was the vice-chairman.
• The new council has increased representation from public sector undertakings (PSUs) as it now has representation from 6 PSUs, namely – Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation Limited (IOC), South Eastern Coalfields Limited, Neyveli Lignite Corporation India Limited, Bharat Electronics Limited and Hindustan Aeronautics Limited (HAL).
• Among private sector employer representatives, the council will have members from TATA Group, Maruti Suzuki, Reliance Industries, Toyota, Indian Banks Association among others.

International News

Australia proposes ban on social media for children under 16

• The Australian government will legislate for a ban on social media for children under 16.
• Australia is trialing an age-verification system to assist in blocking children from accessing social media platforms, as part of a range of measures that include some of the toughest controls imposed by any country to date.
• A number of countries have already vowed to curb social media use by children through legislation, though Australia’s policy is one of the most stringent.
• No jurisdiction so far has tried using age verification methods like biometrics or government identification to enforce a social media age cut-off, two of the methods being trialed.
• Australia’s other world-first proposals are the highest age limit set by any country, no exemption for parental consent and no exemption for pre-existing accounts.
• France last year proposed a ban on social media for those under 15, though users were able to avoid the ban with parental consent.
• The United States has for decades required technology companies to seek parental consent to access the data of children under 13, leading to most social media platforms banning those under that age from accessing their services.

Banking and Financial

SBI and APIX team launches SBI Innovation Hub for Fintechs

• State Bank of India (SBI) has launched the ‘SBI Innovation Hub’ in partnership with APIX, a global collaborative innovation platform for financial institutions and FinTechs.
• SBI Innovation Hub provides a dedicated space for FinTechs, startups, and innovators worldwide to design next-generation financial solutions tailored to meet the digital needs of SBI’s diverse customer base.
• The initiative seeks to promote financial innovation, and digital transformation, and enhance financial inclusion.
• To facilitate this digital transformation, the SBI Innovation Hub provides participants with access to over 250 financial service APIs from SBI. This allows them to create and customize their solutions within a secure Sandbox environment.

Cashfree launches pilot for cross-border payments

• Cashfree Payments has partnered with Indian companies like Swiggy and Nykaa to enable international customers to make payments in India.
• This pilot program caters to users of RuPay cards and UPI, which are not typically recognized for global transactions.
• Cashfree’s cross-border payments license allows them to facilitate seamless transactions for both import and export businesses, as well as individual users.
• This pilot programme caters to UPI and RuPay card users, which are not typically recognised for global transactions.

GenWise launches UPI payments for senior citizens with secure interface

• GenWise has launched the UPI payments on its app for senior citizens. This is the industry’s first-ever introduction of UPI for elders, offering a simple user interface, enhanced security, and cyber fraud awareness.
• GenWise UPI has been developed in collaboration with Axis Bank, which is acting as the sponsor bank for facilitating transactions.
• Over the years, UPI has become an integral part of everyday transactions, with over 400 million unique users.
• In October alone, the platform processed over 16.5 billion transactions. However, over 250 million Indian elders have remained less connected to this transformation due to fear of the unknown and the complex interfaces of other apps.

Sports 

Harmanpreet Singh wins FIH Player of the Year; PR Sreejesh receives Goalkeeper of Year title at FIH Hockey Awards

• Indian Men’s Hockey Team captain Harmanpreet Singh and former goalkeeper PR Sreejesh have won the FIH Player of the Year and Goalkeeper of the Year titles for the year 2024. Both Harmanpreet and Sreejesh received recognition during the 49th FIH Statutory Congress in Oman.
• Two-time Olympic bronze medallist Harmanpreet received over 63 per cent of all votes cast in his category. Similarly, Sreejesh was highly popular among voters, polling over 62 per cent of all votes in his category.
• The winners were selected through a voting process involving an expert panel, national hockey associations, fans, and media.
• Harmanpreet Singh won his third FIH Player of the Year award in 2024, having won it in 2021 and 2022. Incidentally, another Indian, Hardik Singh, won the 2023 Award.
• Long-time Indian men’s hockey team goalkeeper PR Sreejesh won his third FIH Goalkeeper of the Year award. PR Sreejesh, who, due to his formidable goalkeeping, was also called as the ‘the Great Wall of India’, had won the award in 2021 and 2022 also.

Winners of the 2024 FIH Hockey Star Awards

Player of the Year

• Male- Harampreet Singh (India)
• Women- Yibbi Jansen (Netherlands)

Goalkeeper of the Year

• Male- PR Sreejesh (India)
• Women- Ye Jiao (China)

Rising Star of the Year Award

• Male-Sufyan Khan (Pakistan)
• Women-Zoe Diaz (Argentina)

Coach of the Year Award

• Men- Jeroen Delmee (Netherlands)
• Women-Alyson Annan (China)

Umpire of the Year

• Male – Steve Rogers (Australia)
• Women-Sarah Wilson (Scotland)

Important day

10 November – World Science Day for Peace and Development

• World Science Day for Peace and Development is celebrated annually on November 10, serves as a significant reminder of the vital role that science plays in society and its contribution to global peace and sustainable development.
• Organized by UNESCO since 2001, this day emphasizes the importance of connecting science with society and ensuring that scientific knowledge is shared widely, making it relevant and accessible to everyone.
• Theme 2024 – Youth at the Forefront

10 November – World Immunization Day 2024

• World Immunization Day is observed annually on November 10.
• Objective – To raise awareness about the vital role vaccines play in preventing infectious diseases and protecting public health.
• Immunization is one of the most effective and cost-efficient intervention for controlling and eradicating diseases, saving millions of lives globally each year.
• The Universal Immunization Programme (UIP) is one of India’s most comprehensive public health initiatives, aiming to provide life-saving vaccines to millions of newborns and pregnant women each year. Initially launched in 1978 as the Expanded Programme on Immunization, it was rebranded as the UIP in 1985 when its coverage was extended beyond urban centres to rural areas.

9 November – National Legal Service Day

• National Legal Services Day is observed every year on 9 November across the country.
• The day is primarily celebrated to promote legal awareness and ensure access to justice for all citizens, especially those from marginalized communities.
• This day is to educate people about their legal rights and promote mechanisms for dispute resolution through a number of projects and activities to create a more equitable society.
• Theme 2024 – Celebrating equal access to justice
• On November 9, 1995, the Legal Services Authorities Act was created with the intention of providing legal aid to underprivileged and marginalized people. As a result of the historic law, the National Legal Services Authority (NALSA) was established on December 5, the same year. Since then, National Legal Services Day is observed every year.

9 November – Uttarakhand Foundation Day

• Uttarakhand Foundation Day is annually celebrated on November 9, and in 2024, it marks the 24th anniversary of the formation of the state.
• Uttarakhand is commonly referred to as the “Land of the Gods (Devbhumi),” due to several Hindu pilgrimage sites in the state.
• The state of Uttarakhand was formed on November 9, 2000, after a prolonged struggle by the people of the region, who sought a separate state due to cultural, geographic, and administrative differences from Uttar Pradesh.
• Originally known as Uttaranchal, it formed the 27th state of India, with the name being officially changed to Uttarakhand in 2007.

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