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Daily G.K. - Top Stories

25 Jan 2024

INTERNATIONAL AFFAIRS

Swiss Financial Regulator Gets a New Leader

  • Switzerland's financial markets authority got a new Chief Executive as the rich Alpine country looks at ways to strengthen regulations after UBS hurriedly took over ailing rival Credit Suisse last year (2023) partly to prevent a global banking meltdown.
  • The Swiss government selected Stefan Walter, a German national who was director-general of the European Central Bank for the last decade, to head the Swiss financial authority known as FINMA.
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ENVIRONMENT

Odisha to Set up 'Black Tiger' Safari Near Similipal, Announces CM

  • Odisha Chief Minister Naveen Patnaik announced that the state would set up the world's first 'black tiger safari' near the Similipal Tiger Reserve (STR) in Mayurbhanj. This visionary project aims to provide tourists and visitors with a rare glimpse of the melanistic tigers, commonly known as black tigers, spotted at the Similipal National Park.
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BUSINESS AND ECONOMY

Hero MotoCorp Partners with CG Motors to Expand Operations in Nepal

  • Hero MotoCorp announced that it appointed CG Motors as its distributor in Nepal.
  • Hero MotoCorp forayed into Nepal in 2014 and, over the years, has established itself as a leading player in the country, with overwhelming response for its brands such as the Super Splendor and Xpulse 200 motorcycles. Nepal is one of the key markets for the company in Asia.
  • Hero MotoCorp and CG Motors will set up a state-of-the-art greenfield facility for assembling products in Nepal. The facility will be located in Nawalpur district and have a capacity of 75,000 units per annum. Operations will begin in March 2024.

CCI Greenlights JSW Group's 38% Stake Buy in MG Motor India

  • The Competition Commission of India (CCI) gave the nod to significant business transactions, signalling a shifting landscape in the corporate sector. Among the approved deals is the JSW Group's strategic move to acquire a substantial 38% stake in MG Motor India. Facilitated through JSW Ventures Singapore, a newly established subsidiary of JSW International Tradecorp Pte Ltd, the acquisition is poised to reshape the dynamics of the automotive industry.
  • Tata Electronics received CCI approval for the complete acquisition of Wistron Infocomm Manufacturing (India) Pvt Ltd.
  • CCI also granted approval for Burman Family entities, namely Puran Associates, M.B Finmart, VIC Enterprises, & Milky Investment, to acquire shareholding in Religare Enterprises.
  • CCI approved the merger between Fincare Small Finance Bank Limited and AU Small Finance Bank, designating AU Small Finance Bank as the surviving entity.

Mazagon Dock Shipbuilders Bags Rs. 1,070 crore Contract from MoD

  • The Defence Ministry signed a contract worth Rs. 1,070 with Mazagon Dock Shipbuilders for the acquisition of 14 Fast Patrol Vessels (FPVs) for the Indian Coast Guard (ICG).
  • These multi-role FPVs will be indigenously designed, developed and manufactured by MDL under the Buy (Indian-IDDM) Category and will be delivered in a total of 63 months.
  • The FPVs will be designed to be equipped with multipurpose drones, artificial intelligence capability, and wirelessly controlled remote water rescue craft lifebuoy in a bid to give the ICG an edge in the face of modern security challenges, the government noted.
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SPORTS

Rohan Bopanna Becomes Oldest Player to Reach Men's Doubles No 1

  • Rohan Bopanna clinched the No 1 men's doubles ranking with victory alongside Matt Ebden in the Australian Open quarter-finals, becoming the oldest player to do so at 43.
  • The Indian-Australian pair beat Argentine duo Máximo González and Andrés Molteni 6-4, 7-6 (7-5) in the quarter-finals at Melbourne Park.
  • The previous oldest men's doubles No 1, Mike Bryan, was 41 years and 76 days when his stint ended in 2019, according to the International Tennis Federation.

Sreeja Akula Secures First Global Table Tennis Title at WTT Feeder Corpus Christi 2024

  • Indian table tennis player Sreeja Akula achieved a significant milestone in her career by securing her maiden international title at the WTT Feeder Corpus Christi 2024 in Texas, USA.
  • Sreeja Akula faced a formidable opponent in the final, going up against world No. 46 Lily Zhang of the USA, a three-time Olympian. Sreeja defeated Lily Zhang 3-0 (11-6, 18-16, 11-5) to claim the top spot on the podium.
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NATIONAL AFFAIRS

Union Ayush Minister Sarbananda Sonowal Lays Foundation Stone for 'Ayush Diksha' Centre in Bhubaneswar

  • In a momentous occasion, the Union Minister of Ayush and Ports, Shipping & Waterways, Sarbananda Sonowal, laid the foundation stone for 'Ayush Diksha,' a pioneering center dedicated to the development of future Ayush professionals. The ceremony took place at the Central Ayurveda Research Institute campus in Bhubaneswar, Odisha.
  • The 'Ayush Diksha' centre is set to become a hub for the advancement of human resources in Ayush, with a primary focus on Ayurveda professionals. The institution aims to foster collaboration with prominent national institutes to enhance capacity, strengthen human resources, facilitate research and development, and achieve self-sustainability for revenue generation.

Uttarakhand Sportspersons to Get 4 per cent Quota in Government Jobs

  • Uttarakhand government will bring a bill in the state Assembly to give a 4 per cent reservation in government jobs to sportspersons from the state who have participated or won medals at national and international events.
  • The decision was taken at a state cabinet meeting chaired by Chief Minister Pushkar Singh Dhami.
  • The cabinet gave its approval to bring legislation in the Uttarakhand Assembly granting 4 per cent horizontal reservation to talented players who have participated in or won medals at national and international-level sporting events.
  • In another decision, the Cabinet approved a proposal to pay full salary to women employees or single parents for the entire period of childcare leave as per their entitlement before they go on leave.

Cabinet Approves Signing of a Memorandum of Understanding (MoU) between India and Oman

  • The Union Cabinet, led by Prime Minister Narendra Modi, gave the green light for the signing of a Memorandum of Understanding (MoU) between India and Oman in the field of Information Technology (IT).
  • The MoU will remain in force for three years.
  • Bilateral Cooperation: The agreement encompasses both Government-to-Government (G2G) and Business-to-Business (B2B) collaboration in the IT sector.
  • Employment Opportunities: The envisaged collaboration is anticipated to enhance cooperation, leading to increased employment opportunities in the IT field.
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DEFENCE

Iran's Military Receives Advanced Home-grown Drones

  • The Iranian army marked a significant milestone in its defense capabilities as it formally received a substantial number of domestically developed reconnaissance and combat drones in a ceremony. The event, attended by the Iranian Army's Chief Commander Abdolrahim Mousavi and Defense Minister Mohammad-Reza Ashtiani, showcased the latest advancements in unmanned aerial vehicle (UAV) technology.
  • The delivered UAVs encompass a diverse range of capabilities, including the multipurpose Ababil-4 and Ababil-5, Arash, Bavar, and Karrar jet-powered target drones. Each drone is tailored to specific mission profiles, highlighting the versatility of Iran's indigenous drone technology.

Indian Air Force (IAF) Conducts 'Exercise Desert Knight' with France and UAE Counterparts

  • Indian Air Force (IAF) conducted 'Exercise Desert Knight ' with French Air and Space Force (FASF) and United Arab Emirates (UAE) Air Force over the Arabian Sea.
  • The main focus of Exercise Desert Knight was on enhancing synergy and interoperability between the three Air Forces. The interactions during the exercise facilitated the exchange of operational knowledge, experiences and best practices amongst the participants. Such exercises are indicative of the growing diplomatic and military interactions in the region, apart from showcasing the prowess of the IAF.
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DAYS AND EVENTS

National Voters Day

  • National Voters Day is celebrated on January 25 to mark the foundation day of the Election Commission of India.
  • January 25 is the foundation day of the Election Commission of India (ECI) which came into existence in 1950. This day was first celebrated in 2011 to encourage young voters to take part in the electoral process. The Election Commission's main objective is to increase the enrolment of voters, especially the eligible ones.
  • The theme for National Voters Day 2024, 'Nothing Like Voting, I Vote for Sure' is dedicated to voters and conveys individuals' feelings and aspirations toward participation in the electoral process through the power of their vote.

National Tourism Day

  • National Tourism Day is celebrated in India on January 25 to educate people about the importance of tourism. It was established by the Indian government to raise awareness regarding the importance of tourism for India's economy.
  • According to reports, the first National Tourism Day in India was celebrated in 1948.
  • Every year, National Tourism Day is celebrated with a different theme as the centre of attraction. The theme National Tourism Day 2024 is 'Sustainable Journeys, Timeless Memories.' It emphasises the concept of responsible and mindful travel.
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GENDER/ HEALTH/ EDUCATION

Andhra Government Partners with Centurion University for Skill Development

  • Centurion University successfully hosted S. Suresh Kumar IAS, Principal Secretary, to Government (FAC) & Commissioner of School Education, Skill Development & Training Department, Government of Andhra Pradesh, along with a team of officials, to its Jatni campus.
  • S. Suresh Kumar, after his comprehensive discussions with Centurion University representatives, expressed his appreciation for the institution's innovative approach to skill development and its commitment to aligning courses with practical skills. The discussions primarily centred around the establishment of a skill university and the integration of skills into university courses.
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