Dec 4th Week Details (Eng) by AC - 240124 - 182639
Dec 4th Week Details (Eng) by AC - 240124 - 182639
Dec 4th Week Details (Eng) by AC - 240124 - 182639
PwC Global Risk Survey 2023: Cyber SREC & Council for Leather Exports
Risk Tops as Biggest Threat for Indian Signed MoU to Strengthen Indian
Organizations Leather Sector
According to the report titled “PwC Global Risk Solidaridad Regional Expertise Centre (SREC), New
Survey 2023 - India highlights”, Cyber risks are Delhi-based Charitable Trust, have signed a
tops as the biggest threat faced by the Indian Memorandum of Understanding (MoU) with the
organisations. Around 38% of respondents are Council for Leather Exports (CLE) under the
feeling highly or extremely exposed to cyber risk. Ministry of Commerce and Industry (MoCI) to
✓ Climate change (37%) and inflation (36%) strengthen the performance of the Indian leather
were the 2nd and 3rd biggest threats for industry in domestic and international markets.
Indian organisations.
President Droupadi Murmu Gave Assent
India’s Total Rooftop Solar Capacity to Three New Criminal Bills &
crosses 10 GW; Gujarat emerges as Telecommunications Bill 2023
Leader On 25th December 2023, the President of India
Union Minister Raj Kumar Singh(RK Singh), Droupadi Murmu gave assent to three new
Ministry of New and Renewable Energy(MNRE), criminal bills: Bharatiya Nyaya (Second) Sanhita
informed that the cumulative Roof Top Solar (BNS2), 2023; Bharatiya Nagarik Suraksha
(RTS) installed capacity increased to 10.406 (Second) Sanhita(BNSS2), 2023; and Bharatiya
Gigawatts (GW) (as of 30th November 2023) from Sakshya (Second) Adhiniyam, 2023.
1.8 GW (as of 31st March 2019). The Compound ✓ The three new criminal bills will replace the
annual growth rate (CAGR) of RTS installations is British-colonial era laws: the Indian Penal
around 46%. Code(IPC), 1860; the Criminal Procedure
✓ With 3.2 GW of RTS installed capacity(30% Code (CrPC), 1973 and the Indian Evidence
of the total installed capacity), Gujarat has Act(IEA), 1872 respectively.
emerged as the leader in RTS segment. ✓ She also gave assent to the
✓ Gujarat is followed by Maharashtra with Telecommunications Bill, 2023 and Post
1.85 GW and Rajasthan with 1.06 GW Office Bill, 2023. Click here to read full
capacity. News
✓ Union Minister also released the "E- DEA releases Interest Rate on Small
Commerce Exports Handbook for Saving Schemes for Q4FY24; Hikes rate
MSMEs(Micro, Small, and Medium
on SSAS & 3-year Time Deposit
Enterprises)" prepared by the Directorate
On December 29, 2023, the Department of
General of Foreign Trade (DGFT) in New
Economic Affairs-DEA (Budget Division), Ministry
Delhi, Delhi.
of Finance released the interest rates for Small
✓ During the event, DGFT and Shiprocket, an
Savings Schemes applicable in the January-March
E-Commerce enabler, signed a
2024 quarter (Q4FY24) i.e. from January 1, 2024
Memorandum of Understanding (MoU) to
to March 31, 2024.
support new and first-time exporters,
✓ As per it, the interest rate on the
especially from MSMEs, in leveraging E-
Sukanya Samriddhi Account Scheme
Commerce for international trade.
(SSAS) increased by 20 basis points from
8% to 8.2% for Q424.
NSE data: Maharashtra tops Among ✓ The interest rate on three-year time
States with Highest Number of deposits also increased by 10 basis points
Registered Investors from 7% to 7.1%.
According to recent data from the National Stock ✓ The interest rates for all other small savings
Exchange (NSE), Maharashtra tops the list of schemes will remain unchanged from the
states with the highest number of registered rates offered in Q3FY24 (October-December
investors. Maharashtra registered a growth of 2023).
16.9% with over 1.48 crore registered investors.
✓ Uttar Pradesh (UP), with 89.47 lakh New Design & Test Facility was
investors, has surpassed Gujarat (76.68 Inaugurated at HAL’s AERDC in
lakh) and secured the 2nd position on the
Bengaluru
list. At present, India is ranked 4th in the
On 29th December 2023, Giridhar Aramane,
world in terms of market capitalisation,
Defence Secretary, Ministry of Defence (MoD),
following the United States of
inaugurated a new state-of-the-art design and test
America(USA), China and Japan.
facility at Aero Engine Research and Development
Centre (AERDC) of Hindustan Aeronautics Limited
Union Minister Bhupender Yadav (HAL) in Bengaluru, Karnataka.
Launched NTPS-“One Nation-One Pass” Note: AERDC, established in the 1960s, is the only
to Enable Seamless Transit of Forest design house that has developed test beds for
Produce across India engines of both Western and Russian origin.
Union Minister Bhupender Yadav, Ministry of
Environment, Forest and Climate Change TEC Launched online modules for CoA &
(MoEF&CC) launched the National Transit Pass Technology Approval Under Voluntary
System (NTPS), envisioned as a One National One Certification Scheme
Pass system, will enable seamless transportation of Telecommunication Engineering Centre (TEC)
timber, bamboo, and other forest produce across launched a Online Voluntary Certification
India. modules of Certificate of Approval (CoA) and
✓ Union Minister also flagged off the special Technology Approval under its voluntary
Pan Indian vehicles carrying forest certification scheme to enhance the Ease of Doing
produce to create awareness abou the Business and Promote Atmanirbhar Bharat.
applicability and ease of using NTPS. ✓ TEC is the technical arm of the Department
of Telecommunications (DOT) under the
Ministry of Communications (MoC) .
INTERNATIONAL AFFAIRS
India's Coking Coal Imports Witnessed ✓ Both agreed to extend the trade and
5-Year High, Reached 38.14 mt; connectivity through the land route of Land
Customs Station (LCS) Radhikapur (Birol)
Australia Remains Dominant Supplier
and Hodibari (Chilahati) of West Bengal.
India’s coking coal imports are at a five-year high
during the April-November period(11 months) of
fiscal year 2023-24(FY24) at 38.14 million tonnes Angola Quits OPEC After Disagreements
(mt). On a year-over-year (y-o-y) basis, this Over Production Targets
represents a slight increase compared to the 38.12 The Republic of Angola announced its decision to
mt imported during the same period in FY23. withdraw from OPEC (Organization of the
✓ Australia is the dominant supplier for India, Petroleum Exporting Countries), with effect from
accounting for over 60% of shipments. Over January 2024, after disagreements regarding the
the past 5 years, Australia’s market share OPEC’s production targets. Angola has been a
has decreased from 75%. member of OPEC since 2007.
✓ As of October 2023, the United States of
America (USA) is the 2nd largest supplier 8th Edition of IONS Conclave of Chiefs
of coking coal to India. Russia is the 3rd
Held in Bangkok, Thailand from 19-22
largest supplier replacing countries such as
Canada and Mozambique. Dec 2023
The 8th edition of the Indian Ocean Naval
Symposium (IONS) Conclave of Chiefs (CoC)
India, Bangladesh Agrees to Extend (2023) hosted by the Royal Thai Navy (RTN) was
Crucial IBP Route held in Bangkok, Thailand from 19–22 December
As per the Protocol on Inland Water Transit & 2023. The 8th Conclave marks the transition of
Trade (PIWT&T), the Government of India (GOI) IONS Chairmanship from France(2021-23) to
and Government of Bangladesh(GoB) have agreed Thailand(2023-2025).
to extend Indo-Bangladesh Protocol (IBP) route Note: India is scheduled to take over the Chair of
and declare Safardighi in West Bengal as the new IONS (2025-27) during the 9th CoC, which planned
port of call. to be conducted in India in late 2025.
ADB & India Signed USD 100 mn Loan NABARD signs pact with ADB to facilitate
Agreement to Improve Urban Services & Climate Action in India’s ANR Section
Tourism Facilities in Tripura National Bank for Agriculture and Rural
Asian Development Bank (ADB) and The Development (NABARD) and Asian Development
Government of India (GoI) signed a loan agreement Bank (ADB) have launched an initiative to facilitate
of USD 100 million for the project “India : Tripura climate action in India’s Agriculture, Natural
Urban and Tourism Development Project” which Resources, and Rural Development (ANR) sector.
aims to improve urban services and tourism ✓ Under this initiative, NABARD collaborates
facilities in the northeastern state of Tripura. with the Bill and Melinda Gates
✓ This is the first urban project in India that Foundation to establish a Technical
has been prepared with Project Readiness Support Unit (TSU) to address climate
Financing(PRF). change challenges, focusing on agriculture
and rural livelihood sectors in India.
WB and DEA launch PPP Beginner’s e- RBI Grants 1 year Extension to Co-
course to foster PPP collaboration in branded Credit Card of Bajaj Finance &
Infrastructure Capacity-Building RBL Bank
The World Bank (WB) and the Department of Reserve Bank of India (RBI) has granted a 1-year
Economic Affairs (DEA), Ministry of Finance extension, until 21st December 2024, for Bajaj
launched the Public-Private Partnership (PPP) Finance Limited(BFL)’s co-branded credit card
Beginner's e-course to help people understand partnership with Mumbai(Maharashtra) based RBL
and contribute to PPPs in India. Bank Limited.
✓ It is a step towards fostering collaboration Note: RBI granted 1 year extension against the 2
between the public and private sectors in years sought by Bajaj Finance.
infrastructure capacity-building. It was
launched by Ajay Banga, President, WB IndusInd Bank launches 'eSvarna’,
Group in the presence of Ajay Seth,
India’s First Corporate Credit Card on
Secretary, DEA, among others.
RuPay Network
IndusInd Bank Limited has launched India’s first
ICICI Prudential AMC Changed its ETF Corporate Credit Card ‘The eSvarna Card’ on
Symbols RuPay network as part of a Corporate Liability
ICICI Prudential Asset Management Company(AMC) program. With this launch, IndusInd Bank became
Limited has changed its exchange-traded fund the first entity in India to integrate Unified
(ETF) product symbols to ‘IETF‘ (which stands for Payments Interface (UPI) functionality with a
ICICI Prudential ETF) to simplify the identification Corporate Credit Card.
of ETF Schemes for passive investment purposes. ✓ The eSvarna Card is a Europay, Mastercard
✓ The move is in line with Securities Exchange and Visa (EMV) chip based contactless
Board of India (SEBI)'s master circular Commercial Credit Card which can be used
which dictates that the scheme name should at all RuPay accepting merchant
mirror the scheme category. establishments across the globe.
Adani Green Energy inks pact with SECI Reliance & Walt Disney Signed a Non-
for supply of 1,799 MW Solar Power binding Agreement to Merge Media
On December 25, 2023, Adani Green Energy (AGEL) Operations
signed a Power Purchase Agreement (PPA) with the Reliance Industries Ltd (RIL) and Walt Disney
Solar Energy Corporation of India (SECI) to supply Co. have signed a non-binding term sheet to merge
1,799 MW (Mega Watt) of solar power. The final their Indian media operations. Under the merger
PPA to supply 1,799 MW solar power was inked for Reliance would own 51% through a combination of
a period of 25 years. shares and cash, and Disney will hold the remaining
✓ With this PPA, AGEL completes the power 49%. The merger is expected to be finalised by
off-take tie-up for the 8,000 MW February 2024.
manufacturing-linked solar tender awarded
to it by SECI in June 2020. This set a record
for being the world’s largest solar tender.
ATGL signs MoU with Flipkart to Reduce (GloPAC) held in Gandhinagar, Gujarat from 24th-
Carbon Footprint 26th November 2023.
Adani Total Gas Limited (ATGL) and Flipkart India
Private Limited have signed a Memorandum of Adani Global and Sirius International
Understanding (MoU) to collaborate on partners to form a JV - Sirius Digitech
decarbonising Flipkart’s supply chain. International
Adani Global Limited has formed a joint venture
ONDC Announced Two Separate “Sirius Digitech International Limited (Sirius JV)”
Partnership with Google and Meta with United Arab Emirates (UAE)-based Sirius
In December 2023, Open Network for Digital International Holding Limited (Sirius) to deploy
Commerce (ONDC), an open e-commerce platform, Artificial Intelligence (AI), Internet of Things (IoT),
announced two Separate partnership with Google and Secured Blockchain Products for industrial
and Meta(formerly known as Facebook). applications. Sirius will own 51% of the Sirius JV,
✓ ONDC and Google has partnered to enable while Adani will own 49%.
metro ticket booking through its mapping
app - Google map. RIL Becomes 1st Indian Company to Use
✓ ONDC and Meta has partnered to expand its Chemical Recycling For ISCC-Plus
outreach to small businesses through
Certified Circular Polymers
Whatsapp.
Reliance Industries Limited (RIL) became the 1st
Indian company to chemically recycle plastic
VP Jagdeep Dhankhar Launched the New waste-based pyrolysis oil into International
Logo of ICAI Sustainability & Carbon Certification (ISCC)-Plus
Jagdeep Dhankhar, Vice- certified Circular Polymers. RIL's
President (VP) of India, Jamnagar(Gujarat) refinery became the 1st
launched the new logo of the refinery to get the ISCC-Plus certification,
Institute of Chartered validating its capability to produce Circular
Accountants of India (ICAI) during the 1st ever Polymers through chemical recycling.
Global Professional Accountants Convention
Satish Kumar Kalra Named Interim MD ✓ The IOA appointed Bhupinder Singh
& CEO of Slice-backed NESFB Bajwa, the President of Wushu Association
The Reserve Bank of India (RBI) has approved the of India as chairman of the ad hoc
appointment of Satish Kumar Kalra, as interim committee.
Managing Director (MD) and Chief Executive ✓ The other 2 members of the committee are
Officer (CEO) of the Fintech startup Slice-backed Maneyapanda Muthanna Somaya, an
North East Small Finance Bank (NESFB). Olympian in hockey; and
Manjusha Kanwar, a former international
badminton player.
SEBI approves Appointment of Pramod
Agrawal as BSE Chairman
RBI Approved the Appointment of C S
The Securities and Exchange
Board of India (SEBI) has
Rajan as the Part-time Chairman of
approved the appointment of KMBL
Pramod Agrawal as the Reserve Bank of India (RBI) has approved the
Chairman of the BSE Limited appointment of Chandra Shekhar Rajan (C S Rajan)
(formerly Bombay Stock as the Part-time Chairman of Kotak Mahindra Bank
Exchange) with effect from 17th January 2024. He Limited (KMBL) for two years with effect from 1st
will be replacing Subhash Sheoratan Mundra (SS January 2024. He will be replacing incumbent
Mundra), the current Chairman of BSE, whose Non-Executive Independent Part-time Chairman,
tenure is set to expire on 16th January 2024. Prakash Apte who is set to retire on 31st
December 2023.
HDFC Bank Recommends Re-
appointment of Atanu Chakraborty as Nina Singh Appointed as 1st Woman DG
Chairman for 3 years of CISF; Anish Dayal Appointed as DG of
The Board of Directors of HDFC Bank Limited has CRPF
recommended the re-appointment of Atanu Nina Singh was appointed as the
Chakraborty as the Part-Time Non-Executive 1st woman Director General
Chairman and Independent Director of the Bank to (DG) of the Central Industrial
the Reserve Bank of India (RBI) for a second term Security Force (CISF). She will
of 3 years with effect from 5th May 2024 to 4th hold the post till her
May 2027. superannuation on July 31,
2024.she was holding the additional charge of DG of
CISF from August 2023 following the
IOA Forms 3-member Ad Hoc Committee
superannuation of Sheel Vardhan Singh, who held
to Run Operations of Suspended WFI the position from November 2021 to August 2023.
The Indian Olympic Association (IOA) constituted a ✓ Anish Dayal Singh, DG of Indo-Tibetan
3-member ad hoc committee to run the day-to-day Border Police (ITBP) was appointed as the
operations of the Wrestling Federation of full-time DG of the Central Reserve Police
India (WFI). This comes after the suspension of the Force (CRPF) till his superannuation on 31
WFI’s governing council by the Ministry of Youth December 2024. He was holding the
Affairs and Sports (MYAS). additional DG, CRPF charge following S L
nationalities to travel on a single spacecraft to the The 1st Barge of series LSAM 7 (Yard 75)
International Space Station (ISS) until 2025. was delivered to IN on 18th July 2023.
LSAM 10 (Yard 78): Indian Navy’s 4th Seventh Ferry craft 'Manjula' (Yard 786)
MCA Barge Launched in Mumbai Delivered to Indian Navy
On 28 December 2023, The Indian Navy (IN) On 29th December 2023, Kolkata (West Bengal)
inducted the Missile Cum Ammunition (MCA) based The Shalimar Works (1980) Limited has
Barge, LSAM 10 (Yard 78), the 4th Barge of the delivered the seventh 250 Men Ferry Craft
08 x MCA Barge project at Naval Dockyards in ‘Manjula’ (Yard 786) to the Indian Navy (IN).
Mumbai, Maharashtra for the Naval Armament Manjula(Yard 786) Ferry Craft was built under the
Depot (NAD), Karanja, Mumbai. ‘Make in India’ initiative of the Ministry of
✓ The barge was built by the SECON Defence (MoD) with all major and auxiliary
Engineering Projects Pvt Ltd (SEPPL), equipment or systems sourced from indigenous
Visakhapatnam, Andhra Pradesh for the IN. manufacturers.
ENVIRONMENT
--------------
SPORTS
Private Limited (OYO) has partnered with Khelo provide specialised and accessible accommodation
India Para Games and Divyang Kala Mela, to for differently abled players across India.
OBITUARY
PM Modi Released 1st Series of 11 book was published by Penguin Random House
Volumes of 'Collected Works of Pandit India.
Madan Mohan Malaviya'
On 25th December 2023, Prime Minister (PM) ISRO Releases Book on ‘FEAST
Narendra Modi, launched the 1st series of 11 Software’ Written by FEA Experts of
volumes of “Collected Works of Pandit Madan VSSC
Mohan Malaviya“, at the event held in Vigyan The book titled "Introduction to Finite Element
Bhawan, New Delhi, Delhi. Analysis - A Textbook for Engineering Students"
✓ The event was organised on the occasion of released by the Indian Space Research
the 162nd birth anniversary of Mahamana Organisation(ISRO)’s Vikram Sarabhai Space Centre
Pandit Madan Mohan Malaviya, the founder (VSSC) offers insights into the fundamentals of
of Banaras Hindu University(BHU). Finite Element Analysis (FEA) method and how
FEAST (Finite Element Analysis of Structures)
Breaking the Mould, a new book by software can be used for solving real-world
Raghuram Rajan& Rohit Lamba problems.
Former Reserve Bank of India (RBI) ✓ The book was edited by S Somanath,
Governor Raghuram Rajan in collaboration with Chairman of ISRO, and Dr. Unnikrishnan
Economist Rohit Lamba authored a new book, Nair S, Director of VSSC-
titled "Breaking the Mould: Reimagining India's Thiruvananthapuram(Kerala), and written
Economic Future," that explores strategies for by finite element analysis experts of VSSC.
accelerating India's economic development. The The book was published by Springer
Publications.
IMPORTANT DAYS
National Consumer Rights Day 2023- Veer Bal Diwas 2023 – December 26
December 24 Veer Bal Diwas is annually observed across India
National Consumer Rights Day, also known as on 26 December to pay honour and tribute to the
Bharatiya Grahak Diwas or National Consumer sacrifices of Sahibzada Zorawar Singh and
Day, is annually observed across India on 24 Sahibzada Fateh Singh, the 3rd and 4th son(Chhote
December to raise awareness of consumer rights Sahibzadas) of Guru Gobind Singh, 10th and last
and responsibilities. Sikh Guru.
✓ The day commemorates the enactment of ✓ 26 December 2023 marks the 2nd
the Consumer Protection Act (CPA) of 1986, observance of Veer Bal Diwas. The first
which received the assent of the President Veer Bal Diwas was observed on 26th
of India on 24 December 1986. The 1st December 2022.
National Consumer Rights Day was ✓ On 9 January 2022, on occasion of the
observed on 24 December 1986. Prakash Purab (birth anniversary) of Guru
Gobind Singh, PM Narendra Modi declared
Good Governance Day 2023 - December that December 26 would be observed as
‘Veer Bal Diwas’ to mark the martyrdom of
25
the Chhote Sahibzadas.
Good Governance Day, also known as
Sushasan Diwas in Hindi, is annually observed
across India on 25th December to mark the birth International Day of Epidemic
anniversary of the former(10th) Prime Minister Preparedness 2023- December 27
(PM) Late Atal Bihari Vajpayee. The day also aims The United Nations (UN)’s International Day of
to create awareness of accountability and Epidemic Preparedness is annually observed
administration of government among the people. across the globe on 27th December to highlight
✓ 25th December 2023 marks the 10th Good the significance of the prevention of, preparedness
Governance Day and 99th birth anniversary for, and partnership against epidemics.
of Atal Bihari Vajpayee. The third Good ✓ 27 December 2023 marks the observance
Governance Week (Sushasan Saptah) was of the 4th International Day of Epidemic
observed from 19-25 December 2023. Preparedness. The first International Day
of Epidemic Preparedness was observed on
27 December 2020.
STATE NEWS
Government of MP near the tomb of Tansen J&K Panchayati Raj Act, 1989 Amended
and various venues across Gwalior. to Incorporate OBC Reservation
Jammu and Kashmir (J&K) Administrative
HUDCO Collaborates with Gujarat Govt Council led by Lieutenant Governor(LG) Manoj
to Finance Housing & Urban Sinha amended J&K Panchayati Raj Act, 1989 to
Infrastructure Projects incorporate the definition of Other Backward
The Housing and Urban Development Corporation Classes (OBCs) in the Act to ensure reservation
Limited (HUDCO), has signed a Memorandum of for OBCs in Panchayati Raj Institutions (PRIs).
Understanding (MoU) with Government of Gujarat ✓ For the 1st time, OBCs in J&K will benefit
to invest up to Rs 14,500 crore to boost the overall from reservations for positions such as
development of Gujarat by financing various Sarpanchs and Panchs.
housing and urban infrastructure projects.
Odisha CM Naveen Patnaik Launched
Justice Chandrashekhar Appointed CJ of 3rd phase of BSKY Health Scheme
Jharkhand High Court Odisha Chief Minister (CM) Naveen Patnaik
Droupadi Murmu, the President of India, by launched the 3rd phase of its flagship universal
exercising her powers conferred by Article 223 of health coverage scheme, Biju
the Constitution of India, has appointed Swasthya Kalyan Yojana (BSKY), covering nearly
Shree Chandrashekhar as Chief Justice of the 90% of the population of Odisha.
Jharkhand High Court with effect from 29th Note: In the 1st phase of the BSKY launched in
December 2023. Chandrashekhar replaced Sanjaya 2018, all services in public health facilities were
Kumar Mishra who retired on 28th December made free of cost for all persons, irrespective of
2023. income or residence.
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