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Daily G.K. - Top Stories

28 Dec 2023

DAILY G.K. TEST

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INTERNATIONAL AFFAIRS

UN Names Gaza Humanitarian Relief Coordinator after Aid Vote

  • The United Nations named a coordinator to oversee humanitarian relief shipments into Gaza as part of a U.N. Security Council resolution adopted to boost humanitarian aid.
  • Sigrid Kaag, the Netherlands' outgoing Finance Minister, will be the senior humanitarian and reconstruction coordinator for Gaza, the U.N. said.
  • In this role she will facilitate, coordinate, monitor and verify humanitarian relief consignments for Gaza. She will also establish a mechanism to accelerate aid into Gaza through countries not involved with the conflict.
  • A veteran U.N. diplomat, Kaag previously headed an international team of weapons experts charged with overseeing the elimination of Syria's chemical stockpile.
  • Gaza, is a polity and the smaller of the two Palestinian territories (the other being the West Bank). On the eastern coast of the Mediterranean Sea, Gaza is bordered by Egypt on the southwest and Israel on the east and north.
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BUSINESS AND ECONOMY

RBI Proposes Framework to Rationalise Money Changers' Authorisation

  • The Reserve Bank of India (RBI) proposed draft norms aimed at rationalising the authorisation of money changers in view of the widespread availability of banking services to the public and to explore alternative models for facilitating foreign exchange-related services.
  • The authorisation framework under the Foreign Exchange Management Act (FEMA) was last reviewed in March 2006.
  • The RBI has reviewed the extant authorisation framework under FEMA with an objective to further improve the ease with which foreign exchange transactions can be undertaken by users, and at the same time, strengthen the regulatory oversight/framework governing authorised persons (APs).
  • This is in view of the accelerated universal reach of financial services due to financial inclusion initiatives, increasing integration of the Indian economy with the global economy, digitisation of payment systems, evolving institutional structure, etc., over the past two decades.
  • The norms proposed a new category of money changers who may conduct money changing business through an agency model by becoming forex correspondents (FxCs) of category-I and category-II authorised dealers. Such entities will not be required to seek authorisation from the RBI.

L&T Wins Upward of Rs. 5,000 cr Order for Saudi Arabia's Amaala Project

  • Larsen & Toubro (L&T) bagged an EPC contract worth more than Rs. 5,000 crore to establish various systems related to renewable energy generation and power utilities for an ultra-luxury tourism destination in the Red Sea region in Saudi Arabia.
  • Larsen & Toubro was chosen as the turnkey Engineering, Procurement and Construction (EPC) contractor to establish various systems for the Amaala project, a 4,155 square kilometres ultra-luxury resort destination set in the Prince Mohammed bin Salman Natural Reserve along Saudi Arabia's north-western coast. Powered by solar energy, it features hotels, residential properties, pristine landscapes and diverse natural ecosystems, coupled with unique and intriguing heritage and local culture.

RBI Approves C. S. Rajan's Appointment as Kotak Mahindra Bank Chairman

  • The Reserve Bank of India (RBI) approved the appointment of C. S. Rajan, an independent director of Kotak Mahindra Bank, as its part-time chairman for a period of two years.
  • Rajan's appointment follows the retirement of the incumbent non-executive independent part-time chairman, Prakash Apte.
  • Rajan is a successful leader with over 40 years of experience across significant government portfolios. An IAS officer of 1978 batch, he was appointed as an Independent Director on the Board of Kotak Mahindra Bank, in October 2022.
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SCIENCE & TECHNOLOGY

ISRO to Launch XPoSat Mission to Study X-ray Polarisation in Space

  • India is poised to ring in 2024 with a roaring launch of the Polar Satellite Launch Vehicle carrying the country's first X-Ray Polarimeter Satellite (XPoSat) on January 1, 2024.
  • The Indian Space Research Organisation (ISRO) announced that the XPoSat mission will lift off using a Polar Satellite Launch Vehicle (PSLV), marking a significant milestone in India's space exploration journey.
  • The XPoSat mission is designed to investigate the polarisation of intense X-ray sources, a scientific endeavour that will place India at the forefront of space-based polarimetry.
  • This mission is not only India's first dedicated polarimetry mission but also the world's second, following NASA's Imaging X-ray Polarimetry Explorer (IXPE) launched in 2021.
  • XPoSat aims to study the 50 brightest known sources in the universe, including pulsars, black hole X-ray binaries, active galactic nuclei, neutron stars, and non-thermal supernova remnants. The satellite will be placed in a circular low Earth orbit of 500–700 km, with a mission lifespan of at least five years.
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SPORTS

IOA Forms Three-member ad Hoc Wrestling Committee after Suspension of WFI

  • The Indian Olympic Association (IOA) formed a committee of three members for the Wrestling Federation of India (WFI). Bhupendra Singh Bajwa was appointed as the Chairman, M. M. Somaya as a member, and Manjusha Kanwar as another member of the ad-hoc committee created by the Indian Olympic Association upon the directive of the Ministry of Sports following the suspension of the new body of the Wrestling Federation of India (WFI). This committee will oversee various tasks and activities of the WFI.
  • These include player selection, sending names of players for international tournaments, organizing sporting events, supervising, and managing bank accounts.
  • The Indian Olympic Association (IOA) or Indian Olympic Committee (IOC) is responsible for selecting athletes to represent India at the Olympic Games, Asian Games and other international sports competitions, and managing Indian teams at these events. It goes with the name of Team India.
  • The Indian Olympic Association was formed in 1927, and since that year was officially recognised by the International Olympic Committee as India's national Olympic organisation. In 1928, Maharaja Bhupindra Singh took over as Indian Olympic Association president. Sir Dorabji Tata was the first president of Indian Olympic Association from 1927 – 1928.
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NATIONAL AFFAIRS

KSRTC Unveils 'Namma Cargo' Logistics in Karnataka

  • The Karnataka State Road Transport Corporation (KSRTC) entered into logistics business under the brand name 'Namma Cargo' to carry parcels in KSRTC route buses, and Minister for Transport Ramalinga Reddy pressed into service 20 cargo trucks to begin 'Namma Cargo' services in the districts of Mysuru, Bengaluru, Tumakuru, Hassan, Mangaluru, Shivamogga, Chikkamagaluru, Kolar, Davangere to various places of the State. The Namma Cargo trucks have GPS for goods transportation.
  • Karnataka State Road Transport Corporation (KSRTC) entered into a Memorandum of Understanding with KMS Coach Builders Private Limited for lending its cargo trucks services on a rental basis for two months. Likewise, KSRTC also entered into an agreement with S.M. Kannappa Automobiles Private Limited for a month.

PM Modi Chairs Conference of Chief Secretaries in Delhi

  • Prime Minister Narendra Modi is scheduled to preside over the third National Conference of Chief Secretaries in Delhi on December 28 and 29. The primary focus of the conference will be 'Ease of Living,' with an emphasis on formulating and implementing a unified development agenda and action plan in collaboration with the states.
  • This is the third such conference, the first was held in June 2022 in Dharamshala and the second in January 2023 in Delhi.
  • Driven by the vision of the Prime Minister of putting the principle of cooperative federalism in action, the National Conference of Chief Secretaries is organised to encourage participative governance and partnership between the Centre and the State Governments.

Vice President Unveiled Postal Cover on Justice Reddy's Centenary

  • India paid a distinctive tribute to one of its legal luminaries, Justice Konda Madhav Reddy, as Vice-President Jagdeep Dhankar released a special postal cover on December 27. This date marked the centenary of Justice Reddy's birth, a momentous occasion celebrating his invaluable contributions to the Indian legal system. The ceremony took place at A.V. College in Gagan Mahal, Hyderabad, where Justice Reddy's legacy was commemorated.
  • Justice Konda Madhav Reddy's illustrious career stands as a testament to his exceptional legal acumen and unwavering commitment to justice. Serving as the Chief Justice of the High Courts in both Andhra Pradesh and Mumbai, Justice Reddy played a pivotal role in shaping the legal landscape of the nation. Beyond the courtroom, he also held the prestigious office of the Governor of Maharashtra, highlighting his influential role in India's governance.
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PERSONS IN NEWS

Wolfgang Schaeuble, Veteran of German Politics, Passes Away

  • Wolfgang Schaeuble, who served as a member of the German parliament for over half a century, died at the age of 81, ending one of Germany's longest political careers in which he helped secure his country's place at the heart of Europe.
  • Schaeuble devoted much of his career to re-unifying his country and later served as former chancellor Angela Merkel's Finance Minister during the euro zone debt crisis.
  • As Interior Minister, Schaeuble, who represented the West, was key in drawing up the terms of Germany's reunification treaty, signed in August 1990, after the fall of the Berlin wall.

Former EU Commission President Jacques Delors, Passes Away

  • Jacques Delors, the former European Commission chief and a key figure in the establishment of the European Union's historic single currency project, passed away at the age of 98.
  • The French socialist was known for his staunch advocacy of post-war European integration.
  • Delors served an unprecedented three terms as the President of the European Commission, from January 1985 untill the end of 1994. During Delors's decade as the European Commission chief, the EU completed its integrated single market and agreed to introduce a single currency, the euro, and built a common foreign and security policy.
  • A key figure in French politics, Delors also served as the finance minister under President Francois Mitterrand from 1981 to 1984. Despite being a frontrunner in the polls, he chose not to run for the presidency in 1995.
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GENDER/ HEALTH/ EDUCATION

'MPhil Not Recognised Degree'

  • The University Grants Commission (UGC) issued a warning, cautioning students against pursuing Master of Philosophy (MPhil) programmes from universities.
  • This alert followed the cancellation of the MPhil course by the UGC, despite which some universities persist in offering it.
  • The UGC had earlier declared the MPhil degree illegitimate, instructing higher educational institutions not to offer MPhil programmes.
  • The UGC advisory urged universities to take immediate steps to cease MPhil admissions for the upcoming academic year and advised students against enrolling in MPhil programmes.

Certificate, Professional Courses in Product Management by ISB Executive Education, Emeritus

  • ISB Executive Education launched a 'Certificate in Products Management' programme as well as an extensive 'Professional Certificate in Product Management' programme. These courses were launched in partnership with Emeritus, a platform that offers professional courses and certification programmes.
  • The 'Certificate in Product Management' programme has 11 modules, and the extensive 'Professional Certificate in Product Management' has an extended 23-module syllabus.
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ART AND CULTURE

Gwalior Achieves Guinness Record with 'Largest Tabla Ensemble'

  • Around 1,300 tabla players who performed at the 99th International Tansen Samaroh in Gwalior in Madhya Pradesh entered the Guinness World Records for achieving the 'largest tabla ensemble'.
  • The Guinness World Records certificate was handed over to Chief Minister Mohan Yadav, who said that his government would henceforth observe December 25 as 'Tabla Day' to commemorate the feat and honour all musicians.
  • The largest tabla ensemble was achieved by Department of Culture, Government of Madhya Pradesh (India).
  • The feat came just a month after Gwalior was designated as the Creative City of Music in the UNESCO Creative Cities Network (UCCN) in November 2023. The erstwhile royal family Scindia family is widely credited for promoting the arts, particularly music, over the years.
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BOOKS AND AUTHORS

Joyalukkas CMD Presents his Autobiography to PM Modi

  • Renowned entrepreneur Joy Alukkas Chairman and Managing Director (CMD) of Joyalukkas Group presented his autobiography 'Spreading Joy' to Prime Minister Narendra Modi. The book describes the entrepreneurial journey of Joy Alukkas and also provides unique insights into the brand's evolution, his life experiences, achievements and failures.
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LAW AND CONSTITUTIONAL AFFAIRS

Justice Chandrashekhar is Acting Chief Justice of Jharkhand High Court

  • The Union Government announced the appointment of Justice Chandrashekhar as the Acting Chief Justice of the Jharkhand High Court. The notification was issued by the Ministry of Law and Justice.
  • This appointment followed the retirement of Chief Justice Sanjaya Kumar Mishra, who served as the Chief Justice of the Jharkhand High Court until December 28, 2023.
  • Justice Chandrashekhar served as the standing Counsel for All India Council for Technical Education and the State of Jharkhand in the Supreme Court.
  • The Jharkhand High Court is one of the newest high courts in India. It was established in 2000. The seat of the court is at Ranchi, the administrative capital of the state.
  • The court has a sanctioned judge strength of 25.
  • Vinod Kumar Gupta was the first Chief Justice of the Jharkhand High Court from December 2000 to March 2003.
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