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Daily G.K. - Top Stories

06 Jan 2025

DAILY G.K. TEST

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BUSINESS AND ECONOMY

BharatPe to Sell 25% Stake in Unity Small Finance Bank

  • India's leading fintech company BharatPe is planning to sell up to 25% of its 49% stake in Unity Small Finance Bank (Unity Bank). The move is aimed at raising around $800 million (approximately Rs. 6,500 crore) and is part of the company's plan to meet RBI's regulatory requirements. BharatPe has appointed Rothschild & Co to oversee the stake sale.

EPFO's New Centralised Pension Payments System

  • Retirement fund body Employees' Provident Fund Organisation (EPFO) completed the Centralised Pension Payments System (CPPS) rollout in all its regional offices across the country that will benefit over 68 lakh pensioners, the labour ministry said.
  • The CPPS is a paradigm shift from the existing pension disbursement system that is decentralised, with each zonal/regional office of EPFO maintaining separate agreements with only 3-4 banks, the ministry explained.
  • Under CPPS, a beneficiary will be able to withdraw pension from any bank and there will be no need for to visit the bank for verification at the time of commencement of pension, and the amount will be immediately credited upon release.
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SPORTS

Varun Tomar Clinches Double in Men's Air Pistol

  • Varun Tomar, reigning Asian champion and a decorated ISSF medalist, achieved a remarkable double victory at the 67th National Shooting Championship Competitions (NSCC) for Pistol events being played at the Dr. Karni Singh Shooting range in New Delhi. He secured gold in both the senior and junior men's 10m air pistol categories.
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NATIONAL AFFAIRS

India Gets its First Generation Beta Baby

  • For a family in Manipur, the birth of a baby was not just a New Year gift but a moment in India's history. At a hospital in the north-eastern state's capital Aizawl, the first baby in the country from the so-called 'Generation Beta' was born.
  • Generation Beta is the name given to those born in 2025, which will mark the beginning of a new generation that follows Gen Z.

Union Minister Rajiv Ranjan Singh Inaugurates North-eastern States Meet on Pradhan Mantri Matsya Sampada Yojana

  • The Department of Fisheries under the Ministry of Fisheries, Animal Husbandry and Dairying organised a "North-eastern Region States Meet to review the implementation of Pradhan Mantri Matsya Sampada Yojana" at Hotel Radission, Guwahati, Assam under chairmanship of Union Minister, Rajiv Ranjan Singh, Ministry of Fisheries, Animal Husbandry & Dairying (MoFAH&D) and Ministry of Panchayati Raj. This event was conducted in hybrid mode.
  • The Union Minister, Department of Fisheries, MoFAH&D, inaugurated and laid the foundation for key projects amounting to about Rs. 50 crore under Pradhan Mantri Matsya Sampada Yojana (PMMSY), underscoring the Government's commitment to advancing and targeting the self sustained fisheries sector in the North-eastern Region. Certificates were distributed to fisheries beneficiaries of Northeast Region on this occasion, including NFDP registration certificates, KCC cards, awards for the Best FFPOs and Fisheries Start-ups.

Faiz Ahmed Kidwai New DGCA DG

  • IAS officer Faiz Ahmed Kidwai was appointed the chief of Directorate General of Civil Aviation (DGCA) as part of a senior-level bureaucratic reshuffle effected by the Centre.
  • The 1996-batch Indian Administrative Service (IAS) officer of Madhya Pradesh cadre is currently Additional Secretary in the Department of Agriculture and Farmers Welfare.
  • He was appointed as Director General in the DGCA "in the rank and pay of Additional Secretary to the Government of India by keeping the Recruitment Rules of the post in abeyance"The ACC has also approved the appointment of Ashutosh Agnihotri, a 1999-batch IAS officer of the Assam-Meghalaya cadre, as the Chairman and Managing Director of the Food Corporation of India.
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DEFENCE

Goa Shipyard Ltd Launches Two Indigenous Fast Patrol Vessels for Indian Coast Guard

  • Goa Shipyard Limited (GSL) concurrently launched two indigenously designed and constructed Fast Patrol Vessels (FPVs) for the Indian Coast Guard.
  • The launch marks a historic chapter in GSL's ambitious journey towards technological and operational excellence.
  • Brajesh Kumar Upadhyay, CMD, GSL, highlighted the Shipyard's impressive growth trajectory, which has seen a remarkable 100 per cent increase in Gross Revenue, crossing the Rs. 2,000 Crore threshold.
  • The two vessels, Amulya and Akshay, were launched ceremoniously by Vandana Agrawal in the presence of Sanjeev Kumar, IAS, Secretary (Defence Production).
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PERSONS IN NEWS

Former Greek Prime Minister Simitis Passes Away

  • Former Greek Prime Minister Costas Simitis, who ushered the country into the European Union's single currency in 2001, died aged 88.
  • Simitis, a law professor and a reformist, assumed leadership of the PASOK socialist party in 1996 and was Prime Minister until 2004.

World's Oldest Person, Tomiko Itooka, Dies at 116 Years

  • Tomiko Itooka, a Japanese woman recognised by Guinness World Records as the world's oldest person, passed away at the age of 116 in January 2025. Born in May 1908, she experienced an extraordinary life, living through major historical events, including both World Wars, technological advancements, and societal changes. Her legacy continues to inspire through her resilience and longevity.
  • She managed her husband's textile factory office during World War II. She lived alone in Nara after her husband's death in 1979.
  • Tomiko married at age 20 and had two daughters and two sons. She was survived by one son, one daughter, and five grandchildren.
  • She was verified as the world's oldest person in September 2024, following the passing of Maria Branyas Morera, the previous record holder. She received the official Guinness World Records (GWR) certificate in September 2024. 
  • She was honoured during Japan's Respect for the Aged Day, a national holiday dedicated to celebrating and recognising the contributions of elderly citizens.
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DAYS AND EVENTS

World Day of War Orphans

  • January 6 marks the World Day of War Orphans, a day to acknowledge the hardships faced by children who lose their parents to war.
  • This day serves as a global call to action, urging collective efforts to provide these vulnerable children with care, education, and protection. The World Day of War Orphans underscores the need to support these young survivors and help them rebuild their lives with dignity and hope.
  • World Day of War Orphans was founded by the French organisation SOS Enfants en Détresses. The day focuses on the lives of children impacted by war and aims to improve their future.
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AWARDS AND HONOURS

Shreya Rastogi Wins Prestigious Award by the New York Legal Aid Society

  • Director of Litigation and Forensics at Project 39A, Shreya Rastogi was awarded the New York Legal Aid Society's 2024 Magnus Mukoro Award for Integrity in Forensic Science for extraordinary accomplishments in the field of forensics.
  • Shreya Rastogi is a founding member of Project 39A, a criminal justice initiative at National Law University, Delhi. She is at the forefront of research and litigation efforts to ensure that scientific and reliable forensic disciplines are used in India's criminal justice system. She is the first non-American and the first Indian to receive this prestigious award that was instituted in 2015 by the New York Legal Aid Society (LAS).

Sai Paranjpye Named Recipiemnt for Padmapani Lifetime Achievement Award

  • Sai Paranjpye, a legendary director and writer in Indian cinema, is set to be honored with the Padmapani Lifetime Achievement Award at the upcoming Ajanta-Ellora International Film Festival (AIFF) 2025. Known for her impactful slice-of-life films such as Sparsh, Chashme Buddoor, Katha, and Saaz, Paranjpye is regarded as a pillar of India's parallel cinema movement, which gained prominence in the 1970s and 1980s. The award recognizes her extensive contributions to both Indian cinema and Marathi literature. The 10th edition of the festival is scheduled to take place in Chhatrapati Sambhajinagar from January 15 to 19, 2025, where Paranjpye will be conferred with the prestigious award.
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GOVERNMENT POLICIES AND SCHEMES

Telangana Farmers to Receive Rs. 12,000 per Acre Annually under Rythu Bharosa Scheme

  • Farmers in Telangana will receive Rs. 12,000 per acre annually under the Rythu Bharosa scheme, an increase from the current Rs. 10,000, Chief Minister A. Revanth Reddy said. Further, families of landless farm labourers will receive a similar amount annually under the newly introduced Indiramma Atmeeya Bharosa scheme. These schemes will be implemented starting January 26.
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GENDER/ HEALTH/ EDUCATION

IIM Mumbai Wins LEAPS-2024 Award for Excellence in Logistics Education

  • The Indian Institute of Management (IIM) Mumbai achieved a momentous milestone by securing the LEAPS-2024 Award in the Institutions: Education and Skill Development in the Logistics Sector category. Standing first amongst 34 esteemed participants, the institute further cemented its leadership in logistics education and skill development.
  • The award was presented to Professor Manoj Tiwari, by Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles.

Two New Special Categories Visas for International Students

  • The Ministry of Home Affairs introduced two special category visas for international students intending to pursue higher education in the country. Students using any of the two visas, the 'e-student visa' and 'e-student-x' visa will have to use the 'Study in India' (SII) portal launched by the government.
  • Eligible international students registered on the Study in India (SII) portal can access the e-student visa facility, while dependents of e-student visa holders are eligible for the e-student-x visa.
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LAW AND CONSTITUTIONAL AFFAIRS

Centre Appoints Justice Mayank Kumar Jain as Judicial Member of SAT

  • The Central government notified the appointment of former Allahabad High Court Judge Justice Mayank Kumar Jain as the second judicial member of Securities Appellate Tribunal (SAT).
  • Established under the Securities and Exchange Board of India Act, 1992 (SEBI Act), the SAT serves as an appellate authority for orders passed by SEBI. This includes decisions related to insider trading, market manipulation, violations of securities market regulations and other matters within SEBI's purview.
  • In addition to hearing appeals against SEBI orders, the SAT also has jurisdiction over appeals against orders passed by the Insurance Regulatory and Development Authority of India (IRDAI).
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