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General Awareness

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Daily G.K. - Top Stories

25 Oct 2023

DAILY G.K. TEST

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INTERNATIONAL AFFAIRS

Asian Development Bank Approves USD 400 Million Loan to India

  • The Asian Development Bank (ADB) approved a $400-million policy-based loan to India for sub-programme 2 of the Sustainable Urban Development and Service Delivery Programme.
  • The programme aims to support the government's reform agenda for improving the quality of urban life through the creation of high-quality infrastructure, assured public services, and efficient governance systems as part of as part of the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0.
  • While sub-programme 1, approved in 2021, established national-level policies and guidelines to improve urban services, sub-programme 2 is supporting investment planning and reform actions at the state and urban local body (ULB) levels.

Indians Top the List of those Seeking Citizenship in Wealthy OECD Nations

  • India maintained its top position as the country of origin of new immigrants to the Organisation for Economic Co-operation and Development (OECD) nations in 2021. According to OECD's International Migration Outlook: 2023 report, 407,000 Indians moved to OECD nations in 2021. It was 86 per cent higher than 220,000 Indians in 2020.
  • China and Romania followed India, with 283,000 and 215,000 immigrants, respectively.
  • OECD is a group of 38 countries, most of which are high-income and ranked very high on the Human Development Index (HDI).
  • The Organisation for Economic Co-operation and Development (OECD; French: Organisation de coopération et de développement économiques, OCDE) is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. The OECD's headquarters are at the Château de la Muette in Paris, France. India is not a member of the OECD (Organisation for Economic Co-operation and Development) because it is not a member of the OECD's Development Assistance Committee (DAC).

Britain Abandons Decade Old Restriction on Banker Bonuses

  • The United Kingdom abandoned a decade-old restriction on banker bonuses that had been adopted from the European Union. This move marked a distinct shift in financial regulations post-Brexit, separating the UK from the 27-country bloc it exited in 2020.
  • Back in 2014, the United Kingdom found itself on the losing side of an EU decision that introduced a cap on bankers' bonuses. The cap was conceived as a safeguard to prevent the sort of reckless financial behaviour that had triggered the global financial crisis of 2008, leading to massive taxpayer-funded bailouts of lenders.
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BUSINESS AND ECONOMY

Swarup Mohanty Becomes First Non-Korean Person to be Mirae Asset Financial Group's Vice Chairman

  • Mirae Asset Financial Group of South Korea promoted Swarup Mohanty to the position of Vice Chairman. This is a historic milestone as Mohanty became the first individual of non-Korean descent to occupy this prestigious role within the financial conglomerate. Mohanty's elevation signals Mirae's keen intent to bolster its thriving Indian operations.
  • This development came as part of a larger organisational shuffle at Mirae Asset Financial Group. The reshuffle aims to turbocharge global growth and address generational change.

Ajay Goel is Vedanta's New Chief Financial Officer

  • Veteran finance professional Ajay Goel rejoined Vedanta as the new Chief Financial Officer (CFO) after the mining conglomerate owned by billionaire Anil Agarwal announced a major demerger plan.
  • This is his second stint with Vedanta as CFO Sonal Shrivastava quit in five months.
  • Vedanta said that Goel's return is part of the company's structured rehiring programme called 'Gharwapsi', which was introduced less than two years back.
  • Goel's previous stint with Vedanta was as the acting CFO from October 2021 to April 2023. In the interim, he served as the CFO at the troubled ed-tech company Byju's.

ONGC Secures Bid to Purchase PTC's Wind Power Division

  • In a strategic move to expand its renewable energy portfolio and reduce its reliance on fossil fuels, the state-owned Oil and Natural Gas Corporation (ONGC) has successfully secured a bid to acquire PTC India Ltd's wind power unit for Rs. 925 crore. This acquisition marks ONGC's continued effort to diversify its business interests beyond its core hydrocarbon operations.
  • PEL was incorporated on August 1, 2008, and boasts a renewable energy portfolio with a total capacity of 288.8 MW. This portfolio includes 50 MW wind power projects in Madhya Pradesh, 50 MW wind power projects in Karnataka, and 188.8 MW wind power projects in Andhra Pradesh. PEL has secured long-term agreements with state distribution companies for its entire 288.8 MW wind power project portfolio.
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SCIENCE & TECHNOLOGY

Skyroot Unveils Vikram-1 Rocket

  • Space start-up Skyroot Aerospace unveiled its indigenously built Vikram-1 rocket which is expected to deliver satellites to low earth orbit early next year (2024). Science and Technology Minister Jitendra Singh also inaugurated 'The MAX-Q Campus', the new headquarters of the start-up at the GMR Aerospace and Industrial Park at Mamidipally in South Hyderabad.
  • Vikram-1 is a multi-stage launch vehicle with a capacity to place around 300 kg payloads in Low Earth Orbit. It is an all-carbon-fibre-bodied rocket that can place multiple satellites into orbit and features 3D-printed liquid engines.
  • Planned to be launched in early 2024, Vikram-I will be Skyroot's second rocket, after the successful launch of the Vikram-S rocket on November 18, 2022.
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SPORTS

Sarabjot Wins Bronze and India's Eighth Paris Olympics Quota Place

  • Sarabjot Singh won a bronze medal and sealed a Paris Olympics quota place for India in men's 10 m air pistol, while junior women's shooter in the category, Sainyam, clinched gold at the ongoing Asian Shooting Championship in Changwon, Korea.
  • Sarabjot shot 221.1 in the final and finished behind the Chinese duo of Zhang Yifan (gold, 243.7) and Liu Jinyao (242.1) and earned the eighth Olympic quota place for India in shooting and a first in pistol event.

Sumit Antil Smashes Wins Asian Paralympics Gold in Men's Javelin Throw Event

  • India's Paralympic javelin thrower Sumit Antil smashed his own record while compatriot Pushpendra Singh finished in third place in the men's javelin throw-F64 final at the Asian Para Games 2023 in Hangzhou. Sumit made history by setting new records for the Asian Para Games, the World, and Asia with a remarkable 73.29 m throw, earning him gold.
  • Sri Lanka's Arachchige Samitha clinched silver with a 62.42 m effort. Pushpendra Singh followed closely, achieving a throw of 62.06 m and claimed bronze.

Prachi Yadav Wins a Para Canoe Gold in the Asian Para Games

  • Prachi Yadav became the first Indian to win a para canoe gold in the Asian Para Games as she led the country's medal rush for the second consecutive day.
  • Prachi, who had won a silver in canoe VL2 category, bagged her second medal of the Games as she picked up a gold in KL2 event.
  • Prachi, who is paralysed below the waist, clocked 54.962 seconds to win gold in the 500m KL2 event.
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NATIONAL AFFAIRS

Amit Shah Inaugurates India's First Liquid Nano DAP Fertiliser Plant

  • Ahead of the 2024 polls, Union Home Minister Amit Shah inaugurated India's first liquid nano diammonia phosphate (DAP) plant of Indian Farmers Fertiliser Cooperative Limited (IFFCO) in Kalol, Gujarat.
  • Aimed at making India self-reliant in the field of fertilisers, IFFCO's Nano DAP (Liquid) contains 8 percent of nitrogen and 16 percent of phosphorus. This can replace a 50 kg bag of traditional DAP is currently priced at Rs 1,350 for farmers. "This would not only cut India's fertilisers import dependence, but also boost wheat, sugar and potato farmers' income significantly.

Sushilkumar Shinde Announces His Retirement

  • Former Chief Minister of Maharashtra and senior Congress leader Shinde announced his retirement from electoral politics ahead of the 2024 Lok Sabha polls.
  • The former Chief Minister also wished for his daughter, Praniti Shinde, to contest the Lok Sabha elections from his erstwhile seat of Solapur.
  • Shinde, a three-term MP from the Solapur Lok Sabha seat, was Maharashtra Chief Minister for a short period during January 2003 and November 2004. Later, he was also appointed as Andhra Pradesh governor and continued in the post until 2006.
  • He was the Minister of Home Affairs, and Minister of Power in the Manmohan Singh government, and the Leader of the House in Lok Sabha until 26 May 2014.
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DEFENCE

Pakistan Tests Ghauri Weapon System

  • Pakistan successfully conducted a training launch of the Ghauri weapon system, a week after holding the flight test of the ballistic missile Ababeel Weapon System.
  • The purpose of the launch is aimed at testing the operational and technical readiness of Army Strategic Forces Command.
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AWARDS AND HONOURS

Two Indian-American Scientists Awarded United State's Highest Scientific Honour

  • Two Indian American scientists, Ashok Gadgil and Subra Suresh, were awarded the National Medal of Technology and Innovation, which is the highest honour for technological achievement in the United States.
  • US President Joe Biden conferred the medals on Gadgil and Suresh.
  • Gadgil, who currently works as a professor at the University of California, Berkeley and a senior scientist of the Lawrence Berkeley National Laboratory, is a renowned inventor and innovator in the field of sustainable development. His work has focused on developing affordable and effective technologies to improve access to clean water, energy efficiency, and sanitation in developing countries.
  • Subra Suresh, an Indian-born American bioengineer, materials scientist, and academic, is a Professor Emeritus and former dean of the Massachusetts Institute of Technology. His research focusses on the intersection of engineering, physical sciences, life sciences, and medicine. He was the first Asian-born professor to lead any of the five schools at MIT.

The Hindu Young World Wins Gold at WAN-IFRA Asian Media Awards 2023

  • The gold at the WAN-IFRA Asian Media Awards 2023 in the 'Best in Newspaper Marketing' category was won by 'The Hindu' for their successful campaigns promoting Young World's special issues. This recognition was awarded to 'The Hindu' for their outstanding marketing efforts and campaigns that effectively promoted and increased the readership base of Young World's special issues, which focus on providing insights into specific topics and staying current with trends.
  • This award is an acknowledgement and validation of The Hindu Group's efforts to reach our young readers in new and innovative ways. We are grateful for this recognition and look forward to many such laurels.
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GENDER/ HEALTH/ EDUCATION

IIIT Una Names Arun Seth as Chairman of its Advisory Council

  • IIIT Una named Arun Seth as the chairman of its advisory council. Seth is an exceptional leader, who has not only set up and transformed large Indian and MNC businesses but has also grown many start-ups into unicorns through his mentoring. His leadership will bridge the gap between academia and industry.
  • Arun Seth is serving as an independent director on the board of companies like Narayana Health, Jubilant Pharmova Ltd, and Jubilant Ingrevia Ltd., Kent RO Ltd, Usha Breco Ltd, Sify Technologies Ltd, Tonetag, and others.

Unregistered Madrasas in Muzaffarnagar to be Penalised Rs. 10,000 per Day

  • Uttar Pradesh's basic education department issued a notice stating that madrasas found operating in Muzaffarnagar district without registration will have to pay a penalty of Rs. 10,000 per day. The notice was issued by an officer of the basic education department to over a dozen madrasas operating without proper registration and they were asked to produce relevant documents.
  • According to officials, there are about 24,000 madrasas in Uttar Pradesh, of which 16,000 are recognised and 8,000 unrecognised.

NMC Orders Colleges to Submit Details of PG Students Admitted for 2023-24 Session

  • The National Medical Commission (NMC) asked the postgraduate medical colleges and institutes offering PG programmes to submit details of the students admitted in Postgraduate programmes – broad and super specialty during the 2023-24 academic session.
  • The commission also said that the medical colleges will be required to make sure that the PG medical admission has been done in terms of parameters including the National Eligibility Entrance Test for Postgraduate (NEET PG), sanctioned seat capacity, procedure for selection of candidates, cut-off date and payment of stipend.
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LAW AND CONSTITUTIONAL AFFAIRS

Supreme Court Dismisses Petition Challenging Election Symbol Allotment

  • The Supreme Court refused to entertain the petitions filed by political party BRS (Bharat Rashtra Samithi) challenging the decision of the Election Commission of India(ECI) to allot to other political parties symbols, which BRS claimed, were deceptively similar to its symbol (Car).
  • BRS filed a writ petition challenging the ECI allotting the symbols 'Road Roller' to Yuga Thulasi Party and 'Chapati Roller' to Alliance of Democratic, respectively. It also filed a Special Leave Petition challenging the refusal of the Telangana High Court to direct the ECI to delete from the list of free symbols those which are identical to BRS's symbols.
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