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CURRENT AFFAIRS : BANKING & FINANCE

Reserve Bank of India Deputy Governor Swaminathan announces efforts to build data analytics ecosystem for enhancing supervisory functions   

• The Reserve Bank of India (RBI) is working on creating a robust data analytics ecosystem to support its supervisory functions, aimed at improving agility and ensuring forward-looking supervision.

Key Highlights :

• Global Model for Risk-Focused Supervision: RBI is dedicated to developing a global model of risk-focused supervision, emphasizing strong risk discovery, compliance culture, and a "through-the-cycle" risk assessment framework.
• Supervisory Challenges and Stability: Deputy Governor Swaminathan highlighted that effective supervision is critical for ensuring financial stability and resilience, particularly in the face of emerging risks.
• Calibrated Supervisory Approach: RBI has introduced a "Calibrated Supervisory Approach" to effectively focus on high-risk institutions and practices, enhancing flexibility and scalability in its supervisory methods.
• Proactive Off-Site Surveillance: A key part of this approach is the proactive off-site surveillance mechanism, which helps detect emerging risks and vulnerabilities in supervised entities, allowing RBI to take timely corrective actions.
• College of Supervisors: RBI is investing in the "College of Supervisors" initiative to enhance the skills and expertise of its supervisory staff, strengthening the overall supervisory capacity.
• Improving Risk and Compliance Culture: The RBI is focusing on improving the risk and compliance culture within supervised entities to ensure they meet regulatory requirements and foster proactive risk management.

About RBI :

• Founded : 1 April 1935
• Headquarters : Mumbai, Maharashtra
• Governor : Shaktikanta Das

Groww Mutual Fund Launches Multicap Fund: NFO Monitor  

• Groww Mutual Fund has introduced Groww Multicap Fund, an open-ended equity scheme aiming to capture growth across large, mid, and smallcap stocks.

Key Highlights :

• NFO Timeline : The New Fund Offer (NFO) is open for subscription and will close on December 10, 2024.
• The scheme will reopen on or before December 24, 2024.
• Investment Objective : To achieve long-term capital appreciation by predominantly investing in equity and equity-related instruments across large-cap, mid-cap, and small-cap companies.
• Benchmark : The scheme is benchmarked against the Nifty 500 Multicap 50:25:25 Index TRI.
• Fund Manager and Exit Load: The fund is managed by Anupam Tiwari.
• Exit load: 1% for redemptions within a year, and nil after one year.
• Minimum investment: ₹100, and in multiples of ₹1 thereafter.
• SIP (Systematic Investment Plan): Minimum ₹100 per installment for monthly (12 installments minimum) or ₹300 per installment for quarterly (4 installments minimum).
• Asset Allocation25% each in small-cap, mid-cap, and large-cap stocks.
• 0-25% in debt and money market instruments.
• 0-10% in REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts).
• Suitability : The fund is suitable for investors seeking investments in equity across market capitalizations for long-term capital growth.

About Groww Mutual Fund :

• Established : 2017
• Headquarters : Bangalore, Karnataka
• CEO : Varun Gupta

CURRENT AFFAIRS: NATIONAL NEWS

Indian Railways Launches ‘Sanraksha’ Mobile App to Boost Passenger Safety

• Indian Railways has introduced the ‘Sanraksha’ mobile application, an innovative step towards improving passenger safety and security.
• The app leverages advanced technologies like data analytics and has potential future integration with AI to enhance the capacity of railway staff and ensure safer journeys for passengers.

Key Features of the Sanraksha App

1. Purpose:
   • Aims to enhance railway safety by providing targeted capacity-building tools for frontline safety staff.
2. Launch and Development:
   • Launched by: Ravinder Goyal, Member Operations and Business Development, Railway Board.
   • Designed by: Dilip Singh, an IRTS officer (2013 batch) and Senior Divisional Commercial Manager, Nagpur, South East Central Railway.
3. Pilot and Rollout:
   • Pilot Project: Successfully tested in the Nagpur division, demonstrating its effectiveness in improving safety.
   • Rollout Plan: Initially implemented in 16 divisions across various railway zones, with plans for nationwide adoption.
4. Technological Integration:
   • Combines railway domain knowledge with IT and data analytics, with plans to integrate AI in the future.
   • Features smart learning modules and real-time feedback mechanisms to track and improve safety performance.

Government Receives 28 Proposals for Development of New Cities Across India

• The Union Ministry of Housing and Urban Affairs has received 28 proposals from 23 states as part of the central government’s initiative to develop new cities, addressing the growing demand for urban expansion.
• This move aligns with the commitment made in February 2021 to establish eight new cities, a project envisioned to promote sustainable urbanisation.

Key Highlights

Background and Funding

• Funding Allocation:
  • ₹8,000 crore has been allocated by the central government based on the 15th Finance Commission's recommendations.
  • Each of the proposed eight cities will receive ₹1,000 crore for development.
• Eligibility Criteria:
  • States are permitted to propose one city each, and proposals are being evaluated by an expert committee to ensure adherence to the bid parameters and eligibility criteria.

Proposals and Review Process

• Initial Submissions:
  • Initially, 26 proposals from 21 states were received. However, the North-Eastern states were asked to revise their submissions due to concerns over the quality of proposals.
• Revised Submissions:
  • The ministry has now received a total of 28 proposals, including one from Uttar Pradesh, which are under review by a competent authority.

Future Steps

• The selected cities will serve as decongestion hubs for existing urban areas and contribute to balanced regional development.
• These projects aim to address the challenges of rapid urbanization by fostering sustainable infrastructure and ensuring inclusive growth.

Significance of New Cities

• Urban Expansion: The initiative will meet rising demands for urban infrastructure in a rapidly urbanizing India.
• Economic Growth: The development of new cities is expected to boost regional economies, attract investments, and generate employment.
• Sustainability: Focus on smart city principles, eco-friendly practices, and modern urban planning for long-term sustainability.

India International Science Festival (IISF) 2024: Transforming India through Science and Technology

• The India International Science Festival (IISF) 2024, India’s largest science celebration, is set to take place at IIT Guwahati, Assam, from November 30 to December 3, 2024.
• This milestone event, organized by the Council of Scientific and Industrial Research (CSIR) with CSIR-NIIST as the coordinating body, aims to foster a robust science-society connection and encourage interdisciplinary collaboration.

Significance of IISF 2024

• First Edition in North East India: Marks a historic moment as the festival is hosted in this region, spotlighting its scientific and cultural contributions.
• Theme: “Transforming India into an S&T driven Global Manufacturing Hub,” reflecting the vision of integrating science, technology, and industrial growth to position India as a leader in global manufacturing.

Key Features and Highlights

Organizers and Partners

• Nodal Agency: CSIR.
• Coordinating Body: CSIR-NIIST, Thiruvananthapuram.
• Ministries:
  • Ministry of Science and Technology (MoS&T).
  • Department of Biotechnology (DBT).
  • Department of Science & Technology (DST).
  • Ministry of Earth Sciences (MoES).
• Collaborators: Vijnana Bharati (VIBHA), Departments of Atomic Energy (DAE), Space (DoS), and Defence Research and Development (DDR&D).

Thematic Attractions

1. Chandrayaan – Museum of the Moon:
   • Replica showcasing real lunar surface imagery to celebrate Chandrayaan Mission’s success.
2. Mega Science & Technology Exhibition:
   • Displays of India’s STEM achievements and cutting-edge technologies.
3. Make in India, Make for the World:
   • Discussions to foster India’s vision as a global manufacturing leader.
4. The New Nalanda (Student Science Village):
   • Interactive STEM sessions for students and teachers.
5. Pragya Bharat:
   • Focus on AI, quantum computing, and robotics for India’s development vision by 2047.
6. Nari Shakti:
   • Women empowerment initiatives in STEM and entrepreneurship.
7. S&T Hackathon:
   • Competitions to develop innovative solutions for a developed India.
8. Young Scientists Conclave:
   • Encouraging young researchers to contribute to policy-making and scientific infrastructure.
9. Mission Start-Up:
   • A platform to showcase start-ups and foster investments.
10. Science Beyond Borders:
    • Promotes international collaboration on global challenges.
11. Sagarika – Tale of Earth Sciences:
    • Focus on ecology, meteorology, and environmental awareness.
12. Fusion Forum – The Atomic Assembly:
    • Discussion on the role of nuclear energy in medicine, agriculture, and sustainability.

Ministry of Tourism Approves Rs 3,295 Crore for Sustainable Tourism Development

• The Ministry of Tourism has approved 40 projects worth over Rs 3,295 crore to promote sustainable tourism and balance tourist traffic across India.
• These initiatives, spread across 23 states, aim to transform lesser-known destinations into iconic tourist hubs, stimulate local economies, and enhance tourism infrastructure.

Key Highlights

Objective and Approach

• Focus: Develop underexplored regions to reduce overcrowding at popular tourist spots.
• Sustainability: Prioritize eco-friendly practices and infrastructure.
• Local Economic Growth: Generate employment and boost regional economies.

Project Selection Process

• Special Assistance to States/Union Territories for Capital Investment (SASCI):
  • Guidelines shared with states and UTs for submitting proposals to develop iconic tourist destinations.
  • By October 15, 2024, 87 proposals worth over Rs 8,000 crore were submitted.
  • 40 projects were shortlisted after evaluation, with funding approved.
• Funding Model:
  • Long-term interest-free loans for up to 50 years.
  • Funds to be released by March 2026.

Key Destinations

• Rang Ghar (Assam): A historic amphitheater showcasing Assam's rich cultural heritage.
• Matsyagandha Lake (Bihar): Enhancing natural and recreational tourism.
• Town Square (Goa): Focusing on heritage and urban tourism.
• Orchha (Madhya Pradesh): Known for its temples and palaces, offering immersive cultural experiences.

Cybercrime Surge in Telangana, Karnataka, and Maharashtra: Government's Response and Initiatives

• The Ministry of Home Affairs (MHA)has highlighted that Telangana, Karnataka, and Maharashtra have registered the highest number of cybercrime cases over the last three years, with Telangana leading the charge.
• Despite high numbers of reported cases, conviction rates remain worryingly low, prompting the government to intensify efforts with a 13-pronged strategyto curb cybercrime.

Cybercrime Cases in Key States (2020-2022)

• Telangana: 30,596 cases
• Karnataka: 31,433 cases
• Maharashtra: 19,307 cases

Conviction Rates and Arrests

Despite the high number of registered cases, the conviction rates remain dismal:

• Maharashtra: 5,912 cases, but only 45 convictions
• Telangana: 19,900 cases, with 253 convictions
• Karnataka: 6 cases, no convictions

Arrests were also disproportionately low in relation to the number of cases:

• Maharashtra: 1,204 arrests
• Telangana: 3,055 arrests
• Karnataka: 3 arrests

Government Initiatives to Combat Cybercrime

The Central Government has launched several programs to improve the detection, investigation, and prosecution of cybercrimes:

1. Citizen Financial Cyber Fraud Reporting and Management System (2021):
   • Allows citizens to report financial frauds quickly, saving over Rs 3,431 crore from more than 9.94 lakh complaints.
2. Helpline 1930:
   • A toll-free number to assist citizens with lodging online complaints related to cybercrimes.

Capacity Building for Law Enforcement

To strengthen law enforcement agencies, the CyTrain portal under the Indian Cyber Crime Coordination Centre (I4C) provides Massive Open Online Courses (MOOC) on cybercrime investigations, forensics, and prosecution.

• 98,698 police officers have been trained, with 75,591 certificates issued.

Collaborative Cybersecurity Efforts

1. National Cyber Coordination Centre (NCCC):
   • Monitors the entire Indian cyberspace to generate real-time intelligence to fight cybercrime.
2. Cyber Fraud Mitigation Centre (CFMC):
   • Facilitates collaboration between banks, telecom operators, and law enforcement to tackle cyber fraud more effectively.

12th Edition of the International Tourism Mart (ITM) in Kaziranga, Assam: Promoting Northeast India's Tourism

• The 12th International Tourism Mart (ITM)was inaugurated in Kaziranga, Assam, to highlight the vast tourism potential of Northeast India.
• The event, organized annually by the Ministry of Tourism, serves as a significant platform for promoting the region’s rich cultural, natural, and biodiversity assets to both domestic and international audiences.

Key Highlights

Inauguration and Key Attendees

• The event was inaugurated by Union Minister for Tourism and Culture, Gajendra Singh Shekhawat.
• Assam Chief Minister Himanta Biswa Sharma and Arunachal Pradesh Chief Minister Pema Khandu also attended the ceremony.

Objectives of ITM 2024

• Promote Northeast India’s tourism to both domestic and international visitors.
• Foster collaboration among tourism professionals, buyers, sellers, media, and government agencies.

Kaziranga is the Ideal Venue

• The event is hosted in Kaziranga, famous for its UNESCO World Heritage-listed Kaziranga National Park, home to the iconic one-horned rhinos.
• Kaziranga’s natural beauty and the region’s biodiversity and cultural richness provide an ideal setting for the event.

Noteworthy Developments

• The Coffee Table Book "Guwahati and Around," launched by the Assam Tourism Development Corporation, showcases the cultural diversity and scenic beauty of Guwahati.
• The Moidams of Charaideo, an important archaeological site, were recognized as the 43rd UNESCO World Heritage Site in July 2024.
• The 50th anniversary of Kaziranga National Park being declared a national park was celebrated.

Event Activities

• State Presentations: States from Northeast India showcased their tourism offerings.
• B2B Meetings and Panel Discussions: Topics covered included innovation, youth entrepreneurship, women empowerment, and sustainable tourism.
• Cultural Performances and Food Demonstrations: Attendees experienced the region’s traditions and culinary delights.
• Technical Visits: Attendees visited cultural and natural landmarks such as the Charaideo Moidams, Rangghar, Kaziranga National Park, Hathikuli Tea Estate, and Orchid and Biodiversity Park.

Focus on Sustainability

• The event stressed eco-friendly practices, aligning with the Ministry of Tourism’s “Travel for Life” initiative that promotes sustainable and responsible tourism.

International Engagement

• The ITM attracted over 30 countries, including 15 international influencers, 24 international tour operators, and 20 international students.
• Domestic participation included 46 domestic buyers, 7 domestic influencers, and 101 domestic sellers.

CURRENT AFFAIRS : STATE NEWS

Kerala to Introduce Insurance Scheme for Entire Cattle Population 

• Kerala is set to launch an insurance scheme covering the entire cattle population in the state.
• The scheme has been approved by the Centre.

Key Highlights :

• Government Support for the Dairy Sector : Kerala has launched several initiatives to support the dairy sector, including:
  • Extending the veterinary ambulance service to all block panchayats in the state.
  • Allocating ₹22 crore for the maintenance of calves.
• Impact of Climate Change on Dairy Farmers : Climate change has caused significant challenges in the state, with extreme heat in summer 2024 resulting in the death of 550 cows.
• The government is compensating ₹37,500 per cow to the affected owners.
• Crisis in Fodder Production : Rising fodder production costs have created a crisis for both Milma (the state cooperative dairy federation) and Kerala Feeds Limited, as well as for farmers.
• New Dairy Schemes LaunchedTwo new schemes were launched:
  • ‘Arunodayam’: Aimed at nurturing heifers into cows with better milk yield.
  • ‘Snehamitram’: A life insurance scheme for dairy farmers, with a premium of ₹10, offered by Milma's Malabar Union.
• Milma's Role and Vision : Milma (Kerala Co-operative Milk Marketing Federation) has become competitive with corporate entities in the dairy industry.
• Milma follows a welfare model by distributing 83% of its income to farmers, reinforcing its commitment to supporting the cooperative sector.

About Kerala:

• Capital: Thiruvananthapuram
• Chief Minister: Pinarayi Vijayan
• Governor: Arif Mohammad Khan
• National Parks: Periyar National Park, Mathikettan National Park, Eravikulam National Park, Silent Valley National Park, Indira Gandhi National Park

Odisha Government Approves Investment Proposals Worth ₹1.36 Trillion Across Multiple Sectors

• The Odisha government has approved 20 investment projects worth ₹1.36 lakh crore through the High-Level Clearance Authority (HLCA), which is headed by Chief Minister Mohan Charan Majhi.
• These projects are expected to generate employment for over 74,350 people, contributing significantly to the state’s economic growth.
• The approved projects span 9 sectors, including:Steel, Chemicals, Aluminium, Aviation fuel, Green energy and equipment, Apparel and textiles, Power and renewable energy, Cement
• Districts Involved: The projects will be set up in 10 districts across Odisha, such as Jajpur, Jharsuguda, Khurda, Sambalpur, Ganjam, Kalahandi, Malkangiri, Dhenkanal, Bhadrak, and Jagatsinghpur.
• Notable Investments: Neelachal Ispat Nigam Ltd (Tata Steel): Expansion of integrated steel plant capacity from 0.98 MTPA to 9.50 MTPA at a cost of ₹61,769 crore in Jajpur.
• Bharat Coal Gasification and Chemicals Limited: Proposed investment of ₹11,782 crore for a manufacturing unit in Jharsuguda to produce ammonium nitrate from high ash coal.
• Hindalco Industries Limited: Expansion of smelter capacity from 0.38 MTPA to 0.68 MTPA at a cost of ₹10,645 crore in Sambalpur.
• Recent Investment Trends: Over the past six months, Odisha has attracted over ₹1.80 lakh crore in investments through 73 industrial projects, generating employment for over 1.1 lakh individuals.

About Odisha :

• Governor : Raghubar Das
• Chief Minister : Mohan Charan Majhi
• Capital : Bhubaneswar

Narasapur Crochet Lace Craft Receives Geographical Indication Tag

• The Narasapur crochet lace craft has been awarded the Geographical Indications (GI) tag by the Geographical Indications Registry (GIR) under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
• The registration date for the GI tag is March 1, 2024.
• Geographical Scope: The craft is geographically limited to 19 mandals in the West Godavari and Dr. B.R. Ambedkar Konaseema districts of Andhra Pradesh.
• Narsapur, Palakollu, Razole, and Amalapuram are the major trade hubs for this craft.
• Cultural and Economic Impact : Narasapur crochet lace-making has a history dating back to the 19th century.
• Nearly 15,000 women are directly involved in producing three main categories of products: garments, home furnishings, and accessories.
• Application for GI Tag : The GI tag application was made jointly by:
  • Alankriti Federation (West Godavari District Alankriti Lace Manufacturing Mahila Mutual Aided Co-operative Societies’ Federation Limited).
  • Narasapur All India Crochet Lace Exporters Association.
  • Andhra Pradesh Handicrafts Development Corporation Limited (APHDC).
• Recognition and Ceremony : The GI certificate was handed over to the West Godavari District Collector, Ch. Naga Rani, during a programme in New Delhi on November 25, 2024.
• Significance : Narasapur crochet lace craft is one of eight handloom textile products selected for the GI tag in India, emphasizing its cultural and economic value.
• Click here to know about more :

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Eknath Shinde Steps Down, To Act as Caretaker Chief Minister Amid Maharashtra Uncertainty  

• Eknath Shinde resigned as Chief Minister of Maharashtra and was appointed as the caretaker Chief Minister by Governor CP Radhakrishnan as the Maharashtra assembly’s term ended.
• The resignation marks ongoing uncertainty regarding the next Chief Minister of Maharashtra, despite the landslide victory of the BJP-led Mahayuti (Shiv Sena, BJP, and Ajit Pawar’s NCP faction) coalition.
• The BJP-led Mahayuti won 230 out of 288 assembly seats in the recent Maharashtra elections.
• However, the Shiv Sena's insistence on Eknath Shinde continuing as Chief Minister delayed the formation of the new government.
• The Mahayuti coalition won a majority, with BJP securing 132 seats, Shiv Sena 57, and NCP (Ajit Pawar faction) 41 seats.
• The opposition Congress-led Maha Vikas Aghadi won only 46 seats.
• Devendra Fadnavis, BJP leader, clarified there was no dispute regarding the Chief Minister's post, indicating that leaders of the Mahayuti would decide who will lead the government.
• Fadnavis had served as Chief Minister in 2014, and after the 2019 elections, briefly formed a government with Ajit Pawar before it collapsed within 80 hours.

About Maharashtra :

• Governor: C. P. Radhakrishnan
• Capital: Mumbai
• National Park: Tadoba National Park, Navegaon National Park
• Wildlife Sanctuaries: Bhimashankar Wildlife Sanctuary, Karnala Bird Sanctuary, Nagzira Wildlife Sanctuary
• UNESCO Heritage Sites: Chhatrapati Shivaji Maharaj Terminus, The Victorian and Art Deco Ensemble of Mumbai, Ajanta Caves, Elephanta Caves, Ellora Caves

Yamandú Orsi Wins Run-Off Election to Become Uruguay's Next President  

• Yamandú Orsi, a left-wing politician from the Broad Front alliance, won the run-off election to become Uruguay's next president.
• He secured 8% of the vote, defeating Álvaro Delgado of the centre-right National Party, who received 45.9% support.
• Orsi's victory marks the return of a centre-left government to the presidency of Uruguay after five years of conservative leadership.
• Orsi, aged 57, is a former history teacher, folk dancer, and two-time mayor.
• He is widely considered the political heir of José Mujica, Uruguay's former president and ex-guerrilla leader.
• Orsi's early political awareness was shaped during Uruguay’s military dictatorship (1973–1983).

About Uruguay :

• Capital : Montevideo
• Currency : Uruguayan peso

Rashmika Mandanna Named National Brand Ambassador for Cyber Safety

• Actor Rashmika Mandanna has been appointed as the national brand ambassador for the Indian Cyber Crime Coordination Centre (I4C).
• I4C is an initiative by the Ministry of Home Affairs (MHA) to combat cyber crimes.
• Role and Responsibilities : Rashmika Mandanna will lead nationwide cyber awareness campaigns to educate the public on various cyber crimes, including deepfake technology.
• In 2023, Rashmika Mandanna was a victim of a deepfake video, which brought attention to the importance of digital safety.

About Indian Cyber Crime Coordination Centre (I4C) :

• Launched : 2018
• The centre is located in New Delhi.
• Established by the Ministry of Home Affairs, the I4C provides a framework and ecosystem for law enforcement agencies to address cyber crimes in a coordinated and comprehensive manner.

SBI Mutual Fund Appoints Nand Kishore as Managing Director and Chief Executive Officer, Replacing Shamsher Singh  

• Nand Kishore has been appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of SBI Funds Management.
• He replaces Shamsher Singh in this role.
• Prior to his appointment, Nand Kishore was serving as the Deputy Managing Director (Global Markets) at SBI’s Corporate Centre in Mumbai, where he was responsible for overseeing the bank’s treasury operations.
• Kishore has over 34 years of experience working with SBI across major banking verticals such as Branch Banking, International Operations, Treasury Operations and Investment Banking, Corporate Banking and Retail Operations.
• He began his career at the SBI as a Probationary Officer in 1990 and moved up the ranks to become Deputy Managing Director.

About SBI Funds Management Limited (SBIFML):

• SBIFML is a joint venture between State Bank of India(SBI) and AMUNDI Asset Management through a wholly owned subsidiary Amundi India Holding.

CURRENT AFFAIRS: AWARDS AND HONOURS

Ministry of Health's 'One Health' Pavilion Receives Special Recognition at IITF

• The Ministry of Health and Family Welfare was awarded a Special Appreciation Medal at the 43rd India International Trade Fair (IITF) in New Delhi for the innovative design and impactful presentation of its healthcare initiatives.
• This recognition highlights the Ministry's commitment to promoting a holistic approach to health, integrating human, animal, plant, and environmental well-being, in line with India's evolving healthcare strategies.

Pavilion Highlights: A Holistic Health Approach

• The pavilion was centered around the ‘One Health’ framework, emphasizing the interconnectedness of human, animal, and ecosystem health.
• It aimed to foster collaboration across sectors to address both health and environmental challenges.
• Visitors were engaged through:
  • Interactive stalls.
  • Informative displays.
  • Health screenings and free counseling.
• The pavilion also showcased the Ministry's achievements in preventive, promotive, curative, and rehabilitative healthcare over 14 days.

Indian Chemical Council (ICC) Wins 2024 OPCW-The Hague Award

• In a historic achievement, the Indian Chemical Council (ICC)was awarded the 2024 OPCW-The Hague Award at the 29th Session of the Conference of the States Parties (CSP) of the Organisation for the Prohibition of Chemical Weapons (OPCW), held in The Hague.
• This is the first time the award has been conferred upon a chemical industry body, marking a significant milestone in India’s dedication to chemical safetyand Chemical Weapons Convention (CWC)

Key Highlights from the Award Ceremony

• Location: The Hague, 29th Session of the Conference of the States Parties (CSP)
• Award Presented By:
  • Ambassador Fernando Arias, Director-General of OPCW
  • Mayor Jan van Zanen, Municipality of The Hague
• Recipient: Mr. D. Sothi Selvam, Director-General of ICC

Significance of the Award

• First Time for an Industry Body: This marks the first time the OPCW-The Hague Award has been given to a chemical industry body, acknowledging ICC's crucial role in the global chemical safety landscape.
• India’s Commitment to the CWC: India has been a signatory to the Chemical Weapons Convention (CWC) since its inception in 1997 and has consistently demonstrated its commitment to chemical disarmament and safety.

India’s Role in the Chemical Weapons Convention (CWC)

• CWC Adoption: India was among the original signatories of the CWC, which aims to eliminate chemical weapons globally.
• National Authority for CWC (NACWC): Responsible for ensuring CWC compliance within India.
• OPCW's Nobel Peace Prize: India’s dedication to chemical disarmament was highlighted when the OPCW received the Nobel Peace Prize in 2013 for its efforts to eliminate chemical weapons worldwide.

55th International Film Festival of India (IFFI) 2024: A Grand Conclusion

• The 55th IFFIconcluded on 28th November 2024 at the  Shyama Prasad Mukherjee Indoor Stadium, Goa, celebrating a vibrant nine-day journey of global and Indian cinema.
• The festival’s theme, "Young Filmmakers: The Future is Now," spotlighted emerging talents while honoring established cinematic legends.

Key Highlights from the Closing Ceremony

1. Golden Peacock Award (Best Film)
   • Winner: Toxic (Lithuania)
   • Director: Saulė Bliuvaitė
   • A coming-of-age film, praised for its sensitive portrayal of adolescence in challenging socio-economic conditions.
2. Silver Peacock Awards
   • Best Director: Bogdan Muresanu for The New Year That Never Came (Romania)
   • Best Actor (Male): Clément Faveau for Holy Cow (France)
   • Best Actor (Female): Vesta Matulytė & Ieva Rupeikaitė for Toxic (Lithuania)
3. Special Jury Award
   • Winner: Louise Courvoisier for Holy Cow (France)
4. ICFT-UNESCO Gandhi Medal
   • Winner: Levan Akin for Crossing (Georgia), honored for promoting peace and non-violence.
5. Best Debut Feature Film
   • Winner: Sarah Friedland for Familiar Touch (USA)
6. Honoring Indian Talent
   • Best Debut Director of Indian Feature Film: Navjyot Bandiwadekar for Gharat Ganpati (India)
   • Best Web Series (OTT): Lampan (India)
   • Indian Film Personality of the Year: Vikrant Massey
7. Lifetime Achievement & Special Felicitations
   • Satyajit Ray Lifetime Achievement Award: Phillip Noyce (Australia)
   • Special Felicitations: Ramesh Sippy and Jaya Prada for their outstanding contributions to Indian cinema.

Complete Winners List

Award	Winner	Film/Project	Country
Golden Peacock (Best Film)	Saulė Bliuvaitė	Toxic	Lithuania
Silver Peacock (Best Director)	Bogdan Muresanu	The New Year That Never Came	Romania
Silver Peacock (Best Actor – Male)	Clément Faveau	Holy Cow	France
Silver Peacock (Best Actor – Female)	Vesta Matulytė & Ieva Rupeikaitė	Toxic	Lithuania
Special Jury Award	Louise Courvoisier	Holy Cow	France
Best Debut Feature Film	Sarah Friedland	Familiar Touch	USA
Best Debut Director (Indian Feature)	Navjyot Bandiwadekar	Gharat Ganpati	India
ICFT-UNESCO Gandhi Medal	Levan Akin	Crossing	Georgia
Best Web Series (OTT)	Nipun Dharmadhikari	Lampan	India
Indian Film Personality of the Year	Vikrant Massey	—	India

Summary of IFFI 2024

• Theme: "Young Filmmakers: The Future is Now"
• Venue: Dr. Shyama Prasad Mukherjee Indoor Stadium, Goa
• Dates: 20th November – 28th November 2024
• Duration: 9 days of cinematic celebration, including over 195 films and a focus on youth-driven cinema.
• Notable Awardees: From the Lithuanian film Toxic to India's emerging talents like Navjyot Bandiwadekar and Vikrant Massey, the festival showcased a mix of global and Indian cinema.

CURRENT AFFAIRS : DEFENCE NEWS

Indian Army Launches 'Eklavya' Digital Training Platform  

• General Upendra Dwivedi, Chief of the Army Staff (COAS), launched the "Eklavya" online learning platform for the Indian Army.
• Alignment with Indian Army's Vision: The initiative is part of the Indian Army's "Decade of Transformation" and the theme for 2024 as the "Year of Technology Absorption."
• Development of Eklavya: The platform was developed by the Army Training Command with sponsorship from the Army War College and collaboration with the Bhaskaracharya National Institute of Space Applications and Geoinformatics (BISAG-N), Gandhinagar, at zero cost.
• Hosting & Features: Hosted on the Army Data Network, the platform has a scalable architecture that allows seamless integration of various training establishments across the Indian Army.
• Course Availability: A total of 96 courses from 17 Category ‘A’ Training Establishments of the Indian Army have been made available on the platform.
• Categories of Courses:Pre-Course Preparatory Capsules: Focus on basics to prepare officers for offline physical courses, emphasizing the application part of learning to decongest existing physical training.
• Appointment/Specific Assignment-Related Courses: Online courses for officers transitioning to specialist roles like information warfare, financial planning, and veteran affairs.
• Professional Development Suite: Includes courses on leadership, strategy, operational art, emerging technologies, etc., for continuous professional development.
• Student Access: Officers can register for multiple courses simultaneously, independent of physical course nominations, and can access training throughout their service.

About Ministry of Defence :

• Defence Minister :Rajnath Singh
• Minister of State : Sanjay Seth

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Hindustan Aeronautics Limited Chairman & Managing Director DK Sunil in Russia to Sign Deal for License Manufacturing of 240 Su-30MKI Engines  

• Hindustan Aeronautics Limited (HAL) Chairman & Managing Director (CMD), DK Sunil, is leading a delegation to Russia to sign a deal for the licensed manufacturing of 240 AL-31FP Aero Engines for the Su-30MKI fighter jets.
• The visit follows a contract signed by the Ministry of Defence (MoD) and HAL on September 9, 2024, for these engines.
• The Su-30MKI fighter jets of the Indian Air Force (IAF) are due for significant upgrades to extend their operational life and enhance their combat capabilities.
• The Defence Acquisition Council (DAC) has approved a fund of ₹63,000 crore for these upgrades.

Key Highlights :

• AL-31FP Engine Details:The AL-31FP engines will replace existing engines in the Su-30MKI jets, which are discarded after 2,000 flight hours.
• A Su-30MKI has a service life of 6,000 hours and requires three sets of engines during its lifetime.
• Licensing and Manufacturing Agreement:HAL's agreement with Russia will allow for the licensed manufacturing of these engines at HAL’s Koraput Division.
• HAL will source components from Russia due to the intellectual property and complexity of the engine's design.
• Challenges in Supply Chain:The supply chain for critical materials, including alloys and raw materials for engine manufacturing, has been disrupted due to global conflicts.
• These challenges are expected to be addressed in discussions during the Indian delegation's visit.
• Engine Manufacturing and Delivery Schedule:HAL is contracted to supply 30 engines per year, with the full delivery of all 240 engines expected over the next eight years.
• By the end of the program, HAL aims to achieve a 63% indigenisation content in the engine manufacturing process.
• Significance for IAF:The AL-31FP Aero Engines are crucial to sustain the operational readiness of the IAF’s fleet of 260 Su-30MKI jets.
• The first engine was delivered to the IAF in October 2024 as part of the contract.

About HAL :

• Headquarters : Bangalore, Karnataka
• Chairman & MD : DK Sunil

India Successfully Conducts Test of K-4 Nuclear-Capable Missile from INS Arighaat  

• India successfully tested the K-4 nuclear-capable submarine-launched ballistic missile (SLBM) from the nuclear-powered submarine INS Arighaat, marking a significant enhancement in India’s nuclear deterrence.
• The missile was tested off the coast of Visakhapatnam in the Bay of Bengal, strengthening India’s second-strike capability.

Key Highlights :

K-4 Missile Features:

• Range: The K-4 missile has a strike range of 3,500 km.
• Fuel: It is a solid-fuelled missile, designed to be launched from underwater platforms.
• Strategic Importance: The missile is part of India’s nuclear triad, ensuring the country’s capability to retaliate in case of a nuclear attack.
• INS Arighaat’s Role:The INS Arighaat, commissioned in August 2024, is equipped with the K-4 missile, capable of striking targets over 3,500 km.
• It surpasses the INS Arihant’s K-15 missile range of 750 km, providing India with a more powerful and flexible strategic defense posture.
• India’s Nuclear Submarine Fleet:The INS Arighaat is the second Arihant-class submarine, joining the INS Arihant, India's first indigenously built nuclear-powered submarine, commissioned in 2018.
• A third vessel in this class is expected to join the fleet next year.
• Technological Advancements: The INS Arighaat is a testament to India’s indigenous defense capabilities, with advanced design, systems, and equipment developed by Indian scientists, industry, and naval personnel under the 'Aatmanirbharta' initiative.
• India’s Nuclear Deterrence: The successful test of the K-4 missile enhances India's nuclear deterrence capabilities, making India part of a select group of nations with the capability to launch nuclear missiles from land, air, and undersea platforms.
• Recent Military Developments: In addition to the K-4 missile test, India recently flight-tested a long-range hypersonic missile, capable of evading air defense systems.
• Hypersonic missiles can travel at speeds exceeding Mach 5 and are considered more agile and maneuverable.

CURRENT AFFAIRS: SPORTS NEWS

Max Verstappen Secures Fourth Consecutive Formula 1 Drivers' Championship

• Dutch Formula 1 driver Max Verstappen has clinched his fourth consecutive Drivers’ Championship title, despite finishing fifth in the Las Vegas Grand Prix.
• His commanding performance throughout the season made him the sixth driver in history to win four or more titles, solidifying his place among Formula 1's legends.

Las Vegas Grand Prix 2024: A Race of Triumph and Strategy

• Winner: George Russell (Mercedes) emerged victorious in the thrilling race.
• Runner-up: Lewis Hamilton (Mercedes) finished second.
• Verstappen’s Performance: Despite not winning, Verstappen’s lead in the points standings ensured his title victory.

Formula 1 2024 Points Standings

With just two races left in the season (Qatar and Abu Dhabi), Verstappen’s dominance remains unchallenged:

• Max Verstappen: 403 points
• Lando Norris (McLaren): 340 points

This commanding lead underscores Verstappen’s superior consistency and performance throughout the season.

Max Verstappen’s Record-Breaking Journey

• Youngest Formula 1 Driver: Verstappen debuted at 17 years and 166 days, becoming the youngest ever in F1 history.
• Most Wins in a Single Season: In 2022, Verstappen won 15 races, setting a new record for the most victories in a season.
• Highest Points in a Season: With 454 points, Verstappen broke the previous season record of 413 points set by Lewis Hamilton in 2019.
• Joining the Elite Club: Verstappen now joins F1 greats with four or more world titles:
  • Michael Schumacher: 7 titles
  • Lewis Hamilton: 7 titles
  • Juan Manuel Fangio: 5 titles
  • Alain Prost: 4 titles
  • Sebastian Vettel: 4 titles
  • Max Verstappen: 4 titles

History of the Formula 1 Championship

• Launch of Formula 1: The F1 Championship officially began in 1950 under the Fédération Internationale de l’Automobile (FIA), with the inaugural race at the British Grand Prix in Silverstone. The first title was won by Emilio Giuseppe Farina of Italy.
• FIA: The governing body of F1, headquartered in London, with Mohammed Ahmad Sultan Ben Sulayem currently serving as President.
• Format: The championship consists of 24 Grand Prix races, with the driver accumulating the most points during the season being crowned World Drivers’ Champion.

Key Records in Formula 1

• Most Titles: Michael Schumacher and Lewis Hamilton share the record with 7 titles each.
• Youngest Champion: Sebastian Vettel, who won his first title at just 23 years old.

Eight-Year-Old Divith Reddy Wins Under-8 World Cadets Chess Championship

• In a remarkable achievement for Indian chess, Divith Reddy, an eight-year-old prodigy from Hyderabad, clinched the gold medalat the Under-8 World Cadets Chess Championship.
• With a stellar score of 9/11 points, Divith triumphed in a fiercely competitive field, edging out fellow Indian Sattwik Swainon tie-break scores.

Tournament Results

• Champion: Divith Reddy (India, Telangana) – 9/11 points, secured gold via tie-break.
• Runner-up: Sattwik Swain (India) – 9/11 points, silver medal.
• Third Place: Ziming Guo (China) – 9/11 points, bronze medal.

Divith’s Journey to Victory

• Start: Divith began with an impressive four consecutive wins.
• Setbacks: Experienced two losses in the middle of the tournament but made a remarkable comeback.
• Final Surge: Won the last five matches to secure the championship.
• Top Opponents: Faced and defeated players such as:
  • Wiktor Stankowski (Poland)
  • Nurali Nurshin (Kazakhstan)
  • Zhihan Xu (Canada)
  • Aiden Linyuan Li (USA, FIDE rating 1877)
  • Rizat Ulan (Kazakhstan, FIDE rating 1783)

Tactical Brilliance

• Divith demonstrated resilience and strategic brilliance even in tough positions.
• His ability to utilize innovative tactics led to crucial victories.
• Praise: India’s coach, IM Abhishek Kelkarn, lauded Divith’s tactical prowess during the competition.

India’s Growing Chess Dominance

India continues to strengthen its position in junior and global chess, with notable recent achievements:

• Grandmaster Rameshbabu Praggnanandhaa’s global success.
• D Gukesh’s competition against World Champion Ding Liren.

Divith’s victory reinforces India’s status as a chess powerhouse, particularly in the junior category.

About the World Youth Chess Championship

• Organizer: International Chess Federation (FIDE)
• Purpose: A global chess competition for boys and girls in various age categories.
• Age Categories: Competitors are divided into age groups of Under-8, 10, 12, 14, 16, and 18.
• Annual Titles: Twelve world champions are crowned every year across these categories.
• Event Split: Since 2015, the event has been split into:
  • World Cadets Chess Championship (U8, U10, U12)
  • World Youth Chess Championship (U14, U16, U18)

Daily CA One-Liner: November 30

• Indian Railways has introduced the ‘Sanraksha’ mobile application, an innovative step towards improving passenger safety and security.
• The Union Ministry of Housing and Urban Affairs has received 28 proposals from 23 states as part of the central government’s initiative to develop new cities, addressing the growing demand for urban expansion
• The India International Science Festival (IISF) 2024, India’s largest science celebration, is set to take place at IIT Guwahati, Assam, from November 30 to December 3, 2024
• The Ministry of Tourism has approved 40 projects worth over Rs 3,295 crore to promote sustainable tourism and balance tourist traffic across India
• The Ministry of Home Affairs (MHA)has highlighted that Telangana, Karnataka, and Maharashtra have registered the highest number of cybercrime cases over the last three years, with Telangana leading the charge
• The 12th International Tourism Mart (ITM)was inaugurated in Kaziranga, Assam, to highlight the vast tourism potential of Northeast India
• The Ministry of Health and Family Welfare was awarded a Special Appreciation Medal at the 43rd India International Trade Fair (IITF) in New Delhi for the innovative design and impactful presentation of its healthcare initiatives
• In a historic achievement, the Indian Chemical Council (ICC)was awarded the 2024 OPCW-The Hague Award at the 29th Session of the Conference of the States Parties (CSP) of the Organisation for the Prohibition of Chemical Weapons (OPCW), held in The Hague
• The 55th IFFIconcluded on 28th November 2024 at the  Shyama Prasad Mukherjee Indoor Stadium, Goa, celebrating a vibrant nine-day journey of global and Indian cinema
• Dutch Formula 1 driver Max Verstappen has clinched his fourth consecutive Drivers’ Championship title, despite finishing fifth in the Las Vegas Grand Prix
• In a remarkable achievement for Indian chess, Divith Reddy, an eight-year-old prodigy from Hyderabad, clinched the gold medalat the Under-8 World Cadets Chess Championship.
• The Reserve Bank of India (RBI) is working on creating a robust data analytics ecosystem to support its supervisory functions, aimed at improving agility and ensuring forward-looking supervision.
• Groww Mutual Fund has introduced Groww Multicap Fund, an open-ended equity scheme aiming to capture growth across large, mid, and smallcap stocks.
• Kerala is set to launch an insurance scheme covering the entire cattle population in the state.
• The Odisha government has approved 20 investment projects worth ₹1.36 lakh crore through the High-Level Clearance Authority (HLCA), which is headed by Chief Minister Mohan Charan Majhi.
• The Narasapur crochet lace craft has been awarded the Geographical Indications (GI) tag by the Geographical Indications Registry (GIR) under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
• Eknath Shinde resigned as Chief Minister of Maharashtra and was appointed as the caretaker Chief Minister by Governor CP Radhakrishnan as the Maharashtra assembly’s term ended.
• Yamandú Orsi, a left-wing politician from the Broad Front alliance, won the run-off election to become Uruguay's next president.
• Actor Rashmika Mandanna has been appointed as the national brand ambassador for the Indian Cyber Crime Coordination Centre (I4C).
• Nand Kishore has been appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of SBI Funds Management.
• General Upendra Dwivedi, Chief of the Army Staff (COAS), launched the "Eklavya" online learning platform for the Indian Army.
• Hindustan Aeronautics Limited (HAL) Chairman & Managing Director (CMD), DK Sunil, is leading a delegation to Russia to sign a deal for the licensed manufacturing of 240 AL-31FP Aero Engines for the Su-30MKI fighter jets.
• India successfully tested the K-4 nuclear-capable submarine-launched ballistic missile (SLBM) from the nuclear-powered submarine INS Arighaat, marking a significant enhancement in India’s nuclear deterrence.