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Daily & Latest Current Affairs in 2024

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A)
India and UAE
B)
India and UK
C)
India and France
D)
India and USA

Correct Answer :   India and UAE


In a significant move to strengthen economic ties, India and the United Arab Emirates have signed a historic Memorandum of Understanding (MoU) on the Local Currency Settlement (LCS) system. This groundbreaking agreement, signed between the Reserve Bank of India and the Central Bank of the UAE, aims to revolutionize cross-border transactions between the two nations.

The LCS system allows for the use of the Indian Rupee  and UAE Dirham  in bilateral trade, marking India's first-ever LCS arrangement.

This innovative system is expected to have a transformative impact on transaction costs and processing time while also increasing reliance on local currencies. The agreement comes as a significant milestone in the rapidly evolving India-UAE relationship, in line with the Vision Statement unveiled by the two leaders during their virtual summit in February 2022.

Under the LCS system, traders and businesses will have the flexibility to choose the payment currency based on mutual agreement, providing a seamless and efficient mechanism for cross-border transactions. This move is set to reduce dependence on international currencies and further strengthen economic cooperation between India and the UAE.

Additionally, the LCS system enables the use of surplus balances in local currencies for investment in various local currency assets, such as corporate bonds, government securities, and equity markets, creating new avenues for growth and collaboration.

The signing of the LCS agreement took place during the recent visit of Honorable Prime Minister Shri Narendra Modi to the UAE. Prime Minister Modi was warmly welcomed by HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, further reflecting the depth of bilateral relations between the two countries. This significant step is expected to amplify the preferential terms already established by the Comprehensive Economic Partnership Agreement (CEPA), bringing new opportunities for trade and investment..

Source : AIR

Published On : July 16, 2023
A)
IIT Delhi
B)
IIT Bombay
C)
IIT kharagpur
D)
IIT Guwahati

Correct Answer :   IIT Delhi


(PIB) : A Memorandum of Understanding (MoU) has been signed between the Ministry of Education and Abu Dhabi Department of Education and Knowledge (ADEK), and the Indian Institute of Technology Delhi (IIT Delhi) to establish 1st campus of IIT Delhi in Abu Dhabi.

The signing took place in the presence of HE Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE and Shri Narendra Modi, Prime Minister of India.

The MoU was signed by HE Mubarak Hamad Al Mheiri, ADEK Under Secretary, Shri Sunjay Sudhir, Indian Ambassador to the UAE and Professor Rangan Banerjee, Director, Indian Institute of Technology Delhi.

Complementing the ongoing UAE-India Comprehensive Economic Partnership Agreement (CEPA), the MoU reflects the shared vision of both nations to prioritize educational excellence, innovation, knowledge exchange, and investments in human capital as the foundations for future prosperity and enablers of long-term economic growth and sustainable development.

Expressing his happiness via Social Media, on the signing of MoU, Union Education and Skill Development & Entrepreneurship Minister Shri Dharmendra Pradhan said that the MoU for establishment of  IIT Delhi campus in Abu Dhabi in the presence of the Prime Minister Shri Narendra Modi unfolds a new  chapter in internationalization of  India’s education. An example of New India’s innovation and expertise, the IIT Delhi campus in UAE will be an edifice of  India-UAE friendship.  

He further said that  IIT Delhi campus in Abu Dhabi will set a brand new template for leveraging the power of knowledge for both mutual prosperity and global good. It also unfolds a new chapter in internationalisation of India’s education, he added.

Her Excellency Ms Sara Musallam, Minister of State for Early Education, Chairman of the Federal Agency of Early Education, and Chairman of ADEK, commented on how the MoU represents an important step in Abu Dhabi's commitment to accelerate a world-class education system that serves the national development goals and priorities.

The execution of this MoU marks a milestone in our plans towards actualizing a globally competitive education ecosystem. In line with our national strategy, this MoU reflects our commitment to providing world-class educational experiences. We anticipate that the IIT Delhi - Abu Dhabi partnership will support our transition towards fostering an environment that nurtures innovation and accelerates high-level research, stated HE Ms Sara Musallam.

IIT Delhi - Abu Dhabi will complement the academic, research and innovation ecosystem in Abu Dhabi through collaboration with key players such as Mohamed bin Zayed University of Artificial Intelligence, Khalifa University, New York University Abu Dhabi, Technology Innovation Institute, and Hub71 to offer complimentary programs, conduct cutting edge research, and advance the local startup ecosystem.

The IIT Delhi - Abu Dhabi campus is expected to launch its academic programs in 2024  and a host of bachelor’s, master’s and Ph.D. programs, and operate research centers related to sustainable energy and climate studies, as well as computing and data sciences. IIT Delhi - Abu Dhabi is expected to offer a diverse range of programs covering Energy and Sustainability, Artificial Intelligence, Computer Science and Engineering, Mathematics and Computing and other disciplines of engineering, sciences, and humanities.

IIT Delhi - Abu Dhabi graduates will join an illustrious alumni network of graduates from 23 campuses across India. With outstanding credentials, IIT Delhi recently ranked among the world’s top 50 institutions for engineering and technology. It also scored a top 30 rank for global employability in the 2022 QS World University Rankings. IIT Delhi has been a frontline contributor to India's R&D ecosystem in sectors ranging from defense, healthcare, and rural development, to transportation, IT, and software.

Published On : July 16, 2023
A)
Amit Shah
B)
Rajeev Chandrasekhar
C)
Mansukh L. Mandaviya
D)
Dharmendra Pradhan

Correct Answer :   Dharmendra Pradhan


Union Minister of Education and Skill Development and Entrepreneurship Shri Dharmendra Pradhan launched AI for India 2.0, a free online training programme on Artificial Intelligence, 15th July 2023on World Youth Skills’ Day.



A joint initiative of Skill India and GUVI, this NCVET and IIT Madras accredited online programme will equip youth with frontier skills.

Speaking on the occasion, Shri Pradhan said that technology should not be a prisoner of language and called for technology courses in more Indian languages. He added that this is a good beginning towards dismantling language barrier in technology education and future-proofing our Yuva Shakti, particularly those in rural areas.

He added that India is a technology-savvy country and the success story in adoption of digital payments in India is a case in point. He expressed satisfaction that GUVI has taken this initiative to educate the bottom of the pyramid population in cutting-edge technologies.

Shri Pradhan warmly congratulated the novel initiative, envisioning easy accessibility of AI learning to every part of the nation.

GUVI, an IIT Madras incubated startup is a tech platform that enables tech learning in vernacular languages. This program has been curated in 9 Indian languages..

Source : PIB

Published On : July 16, 2023
A)
Pilibhit Tiger Reserve
B)
Dudhwa Tiger Reserve
C)
Amangarh Tiger Reserve
D)
Palamau Tiger Reserve

Correct Answer :   Dudhwa Tiger Reserve


A rare and globally endangered bird species 'Jerdon's Babbler' was spotted in the buffer zone of the Dudhwa Tiger Reserve (DTR), in the grasslands of Uttar Pradesh.



The bird was found during a grassland survey of bird fauna in the buffer zone of Dudhwa Tiger Reserve, the official statement.

In an official release, surveyors at The Habitats Trust, Kaushik Sarkar and Anup Bokkasa revealed that Jerdon's Babbler lives in small flocks in pairs in high/long grasslands. This globally threatened bird has been listed in the 'Vulnerable' category of the International Union for Conservation of Nature (IUCN) in 1994.

According to the surveyors, the existence of this rare bird in UP is significant as over 95% of all other Jerdon's Babbler sightings in India are from Assam and Arunachal Pradesh.

Jerdon's Babbler was found in Haryana and Punjab along the Sutlej River. But with depleting areas of high grassland, 95% of Jerdon's Babbler in India is found in Assam and Arunachal Pradesh only. Globally, the count of Jerdon's Babbler is claimed to be near 10,000, out of which approximately 30% are found in India.

The Habitats Trust works towards protecting the grasslands in the region, which are home to a biodiverse bird population. They help to restore the delicate balance of the local ecosystems, allowing the species to thrive.

Based in Noida, The Habitats Trust is a biodiversity conservation and climate change organisation which works in 23 states and union territories. It aims to conserve and restore ecological functionality as a pathway towards human well-being.

Source : NDTV

Published On : July 15, 2023
A)
Narendra Modi
B)
J. P. Nadda
C)
Amit Shah
D)
Arvind Kejriwal

Correct Answer :   Amit Shah


Union Home Minister and Minister of Cooperation Amit Shah (14th July 2023) inaugurated the National Mega Conclave on Farmers Producer Organisation, FPO in the cooperative sector and released the action plan for formation of 1,100 new FPOs by Primary Agricultural Credit Societies in New Delhi 14th July 2023.

Mr  Shah said, in such a large country, where about 65 crore people are engaged in agriculture, it has become very essential to revive the cooperative movement, modernize it and to bring transparency to achieve new heights.

Mr. Shah added that the cooperative movement can make a significant contribution towards strengthening the country's population associated with agriculture and making them prosperous by combining their small capital through cooperatives.

The Union Minister of Cooperation said that the government has announced to set up ten thousand  FPOs and the target is to achieve this by the year 2027. He said the Central government has allocated 6 thousand 900 crore rupees to achieve this goal. 


He pointed out that if agriculture, animal husbandry and fisheries are strengthened through cooperatives, employment opportunities will increase along with the GDP. Mr. Shah said that under the leadership of Prime Minister  Narendra Modi, there has been an increase of 55 percent in Minimum Support Price of Paddy and 51 percent in MSP of wheat in  10 years.

He highlighted that the Modi government is the first government after independence which has fixed at least 50 percent more profit than the cost incurred by the farmers.

Mr Shah said that there has been a radical change in the agriculture sector in the Modi government and now the Ministry of Cooperation has been created so that its benefits reach the farmers. He said that according to the mantra of cooperative, the profit goes to the one who does hard work in fields and this has been ensured by the Ministry of Cooperation.

Source : AIR

Published On : July 15, 2023
6 .
With reference to the Association of World Election Bodies, consider the following statements:

1. It is the largest association of Election Management Bodies.

2. India is not a member of this organization.

Which of the statements given above is/are correct?
A)
Only 1
B)
Only 2
C)
Both 1 and 2
D)
Neither 1 nor 2

Correct Answer :   Only 1


Chief Election Commissioner Shri Rajiv Kumar led a three-member Election Commission of India (ECI) delegation to Cartagena, Colombia to attend the 11th meeting of the Executive Board of the Association of World Election Bodies (A-WEB).

The Association of World Election Bodies is the largest association of Election Management Bodies (EMBs) worldwide with 119 EMBs as Members & 20 Regional Associations/Organisations as Associate Members.

Theme of 2023 meeting : An international conference on the theme “A global view on the challenges of regional elections 2023” is also being organised by National Civil Registry, Colombia on July 13, 2023.


CEC Shri Rajiv Kumar with Executive Board members of A-WEB :

During the discussions, CEC Shri Kumar said that A-WEB as a global association plays a critical role in fostering co-operation amongst EMBs and thereby enabling learning from each other’s experiences and best practices. He stressed that EMBs through forums like A-WEB could work together on pressing challenges like countering fake narratives which are trying to derail the election integrity worldwide.

During the deliberations at the Executive Board meeting, the participants discussed various agenda items including the programmes and activities to be undertaken by A-WEB during 2023-24, annual progress report of A-WEB & its regional offices including A-WEB India Centre, budget and membership related matters amongst others.

Amongst the other agenda items in the meeting, CEC Shri Rajiv Kumar raised the ECI proposals namely - (i) setting up an A-WEB portal which would serve as repository of electoral best practices and initiatives taken by member EMBs in various aspects of electoral management and (ii) establishing A-WEB Global Awards for EMBs who make significant contribution and take important initiatives in the democratic processes. Both the proposals were approved by the Executive Board.


Background: ECI and A-WEB

A-WEB was founded in October, 2013 in Seoul, Republic of Korea on the shared vision among its members of achieving sustainable democracy around the world through the strengthening of the processes of election management in member countries.  ECI has been very closely associated with the process of formation of A-WEB since 2011-12 and has been its Executive Board Member, since its inception in October 2013 for two consecutive terms (2013-15 and 2015-17). ECI took over as Vice-Chairperson of A-WEB for 2017-19 term; as Chair for 2019-22 term and is presently a member of its Executive Board for 2022-24 in its capacity as immediate former Chair of A-WEB. It may be recalled that in November 2022 during the 5th General Assembly meeting of A-WEB at Cape Town, Chief Election Commissioner Shri Rajiv Kumar handed over the A-WEB Chairmanship from ECI to Election Commission of South Africa, after leading the EMBs successfully during the covid pandemic (2019-2022).

A-WEB organises capacity building programmes for its member EMBs and undertakes Election Visitor and Observation Programmes in various countries to study election management practices and share knowledge with other member EMBs. .

Source : PIB

Published On : July 15, 2023
7 .
With reference to the Duchenne Muscular Dystrophy, consider the following statements:

1. It is a rare genetic disorder.

2. It is caused due to the alterations of a protein called dystrophin.

3. The dystrophin gene is found on the Y-chromosome.

How many of the statements given above are correct?
A)
Only 1
B)
Only 2
C)
All of the above
D)
None of the above

Correct Answer :   Only 2


Recently, a team of doctors from Tamil Nadu along with scientists from Japan have developed a disease-modifying treatment for Duchenne Muscular Dystrophy (DMD).

* Duchenne Muscular Dystrophy is a rare genetic disorder.

* It was first described by the French neurologist Guillaume Benjamin Amand Duchenne in the 1860.

* It is characterized by progressive muscle degeneration and weakness due to the alterations of a protein called dystrophin that helps keep muscle cells intact.

* It is a multi-systemic condition, affecting many parts of the body, which results in deterioration of the skeletal, heart, and lung muscles.

* The dystrophin gene is found on the X-chromosome, it primarily affects males, while females are typically carriers.

Symptoms


* It can begin as early as age 2 or 3, first affecting the proximal muscles (those close to the core of the body) and later affecting the distal limb muscles (those close to the extremities).

* Usually, the lower external muscles are affected before the upper external muscles.

* The affected child might have difficulty jumping, running, and walking.

* Other symptoms include enlargement of the calves, a waddling gait, and lumbar lordosis (an inward curve of the spine).

* Later on, the heart and respiratory muscles are affected as well.

* Treatments : Presently available treatments are gene therapy, exon skipping, stop codon read-through and gene repair.

Source : The Hindu

Published On : July 15, 2023
A)
Alison Watkins
B)
Kayla Itsines
C)
Judith Neilson
D)
Michele Bullock

Correct Answer :   Michele Bullock


Australia has appointed the first female head of its central bank, passing over the current governor to elevate his deputy to the high-profile job amid a public backlash over steeply rising interest rates.



Australian Treasurer Jim Chalmers and Prime Minister Anthony Albanese on Friday (14th July 2023) announced Michele Bullock would head the Reserve Bank of Australia (RBA) for the next seven years, having chosen not to reappoint Governor Philip Lowe for a second term.


Why Philip Lowe not reappointed?


Lowe will leave on Sept. 17, marking the end of his 43-year career at the bank. The decision comes as Lowe is due to accompany Chalmers to a Group of 20 meeting in India next week.

In a press conference, Chalmers said it was not out of the norm for a governor to only serve one term and he felt Bullock was best placed to lead the RBA through a coming reorganisation.

"This is a history-making appointment," Chalmers told reporters. "Michele Bullock will become the first woman to ever lead the Reserve Bank in this country."

The government has been under pressure to dump Lowe for encouraging people to borrow during the COVID-19 pandemic in 2021 by saying interest rates were unlikely to rise until 2024, only to start hiking two years early in mid-2022.

The central bank has since lifted rates 12 times to a decade-high of 4.1%, adding hundreds of dollars to monthly mortgage repayments at a time when a cost of living crisis is already stretching household budgets.

About the Reserve Bank of Australia (RBA)

The RBA is currently undertaking the biggest reorganisation in decades after an independent review into its operations recommended sweeping changes to the way policy was formulated and communicated. The Reserve Bank of Australia is Australia’s central bank and banknote issuing authority. It has had this role since 14 January 1960, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank.


Source : Reuters

Published On : July 15, 2023
A)
14th July 2023
B)
13th July 2023
C)
12th July 2023
D)
11th July 2023

Correct Answer :   11th July 2023


Veteran Marathi actor-director Ravindra Mahajani was found dead at a rented flat in Talegaon Dabhade area near Pune city, police said on Saturday, 15th July 2023.

The 77-year-old yesteryear actor's body was recovered on Friday, 14 July 2023, evening, the police said, adding that it is suspected that he died around three days ago (11th July 2023).

"We received a call from the neighbours of the flat, where Mahajani was staying alone, informing us about foul odour emanating from his house. We went to the spot and broke open the door of the flat, where he was found dead," a senior official of Talegaon Dabhade police station said.

Mahajani acted in several Marathi films from late 1970s to mid-1980s. Some of his notable films as an actor include 'Mumbaicha Fauzdar', 'Zunj' and 'Kalat Nakalat'.


His son Gashmeer Mahajani is also an actor and best known for his work in Marathi cinema.

Maharashtra Chief Minister Eknath Shinde condoled Mahajani's death, saying, "Veteran Marathi actor Ravindra Mahajani, who ruled the hearts of the audience through his impressive acting skills, has passed away. May God give eternal peace to his soul and give strength to Mahajani family to recover from this grief. A heartfelt tribute (sic)."


Born : 1949, Pune
Died :  11 July 2023.

Source : India Today

Published On : July 15, 2023
A)
July 15th
B)
July 14th
C)
July 13th
D)
July 12th

Correct Answer :   July 15th


World Youth Skills Day, observed annually on July 15th since 2014 as declared by the United Nations, serves the purpose of recognizing the significance of imparting young individuals with the necessary skills for employment, decent work, and entrepreneurship.

With the continuous progress of technology and changes in the labor market, it is essential to equip young people with adaptable and flexible skill sets.

Technical and vocational education and training (TVET) play a crucial role in addressing these needs by reducing barriers to accessing employment, ensuring the relevance and certification of acquired skills, promoting environmentally-friendly skills and practices, and providing skill development opportunities for youth who are not engaged in education, employment, or training.


Theme of World Youth Skills Day 2023 :

The theme for World Youth Skills Day 2023 is Skilling teachers, trainers and youth for a transformative future. It highlights the essential role that teachers, trainers and other educators play in providing skills for youth to transition to the labour market and to actively engage in their communities and societies.



History of World Youth Skills Day :


During the aftermath of the Second World War, the United Nations was founded on October 24, 1945, after its Charter was ratified by China, France, the U.S.S.R., the U.K., and the United States, along with other signatories. The aim of the organization has always been to maintain global peace and security, give humanitarian support, defend human rights, and uphold international law. It was created as a successor to the League of Nations that disintegrated prior to the Second World War.

Over its years of functioning, the United Nations has been an active part of the global polity. It has modified its functioning with changes in international relations: in the face of decolonization of the Global South, the end of the Cold War, the rise of the U.S. as a hegemon, climate change, refugee crises, etc. Today, the U.N. works to attain its 17 sustainable development goals.

In 2014, the U.N. announced World Youth Skills Day. The objective of this day was to shed some light on the necessary skills for the employment and entrepreneurship of young people and their strategic importance for the future. This day is a unique opportunity for policy partners, employers, development partners, and vocational and training educational programs to dialogue with young people about the skills needed as the world transitions into a sustainable development model.


Why is World Youth Skills Day important?


In 2014, the United Nations General Assembly declared 15 July as World Youth Skills Day, to celebrate the strategic importance of equipping young people with skills for employment, decent work and entrepreneurship.

Since then, World Youth Skills Day events have provided a unique opportunity for dialogue between young people, Technical and vocational education and training (TVET) institutions, firms, employers’ and workers’ organizations, policy makers and development partners. Participants have highlighted the ever-increasing significance of skills as the world is embarking on a transition towards a sustainable model of development.

Published On : July 15, 2023