Daily & Latest Current Affairs in 2025

Correct Answer :   Shashi Singh

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The All India Rubber Industries Association (AIRIA) on Wednesday (3rd Jan 2024) said Shashi Singh has been elected as the president during its Annual General Meeting.

Further, Zafar Ahmed has been elected as the Senior Vice-President and Indra Parekh as the Vice President of AIRIA, a statement said.

"Alongside the highly capable team of professionals at AIRIA, we will strive to strengthen the standing of the rubber industry in the Indian business market," Shashi Singh said in a statement..

Source : Devdis Course

Correct Answer :   Amit Shah

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Union Cooperation Minister Amit Shah on Thursday (4th Jan 2024) urged farmers to cultivate pulses on a large scale to reduce dependency on imports. He assured them that the two cooperatives, the National Agricultural Cooperative Marketing Federation of India Limited (NAFED) and the National Cooperative Consumers’ Federation of India Limited (NCCF) would procure produce at a minimum support price or the market price.

* Mr. Shah inaugurated a "tur dal procurement portal" through which farmers can register and sell their produce to NAFED and NCCF. A similar facility will be launched in future for urad and masoor farmers as well as maize farmers, he said.

* The Minister also transferred via Direct Benefit Transfer (DBT) about ₹68 lakh to 25 farmers towards payment for sale of tur via the portal.

* After the launch, the Minister said that before the sowing operation, tur farmers can register on the portal to sell their produce to NAFED and NCCF.

* The country is still dependent on the import of some varieties of pulses except for chana and moong, the Minister said. “By December 2027, the country should become self-reliant in pulses. We will not import even one kilo of pulses from January 2028,” he added..

Source : The Hindu

Correct Answer :   Tamil Nadu

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Adidas is gearing up to set up its first and only global capacity centre (GCC) in Asia outside China in Chennai (Tamil Nadu), according to a media report on Thursday (04th Jan 2024).

* While global corporations are trying to harness the abundant software/technology skills in India, Adidas' entry into this realm is likely to reinforce the recent multinational GCC investments.

* Adidas will set up its Global Business Services (GBS), with Akhil Kapoor leading the operations. Kapoor is reportedly the Vice President of GBS global procurement and Head of GBS India with his location listed as Chennai.

* The Chennai hub of the German company will be designed to seamlessly integrate with Adidas' existing hubs in Porto (Portugal), Dalian (China), Bogota (Columbia) and North America, catering to the company's global operations.

* The German major is anticipating significant growth in its Chennai centre and is planning to add 'high-quality resources' over the next three to five years, noted the report.

* The company’s attempt aligns with Tamil Nadu Industries Minister TRB Rajaa’s recent statement which underscored Chennai’s attempt to establish itself as the 'premier choice' for GCCs and research and development centres in India.

Correct Answer :   P Santhosh

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P Santhosh, Chief General Manager at Canara Bank, has been appointed as the Managing Director of National Asset Reconstruction Company (NARCL) with effect from 5th January 2024, succeeding Natarajan Sundar, who resigned from the post. This unexpected change in leadership at the government-promoted asset reconstruction organization has raised eyebrows within the industry.


Resignations in Top Management :

* Natarajan Sundar, a seasoned banking veteran who previously served as Deputy Managing Director at State Bank of India, is the second high-ranking official to resign from NARCL before completing the designated tenure. Last August, Karnam Sekar, the then Chairman of NARCL, also stepped down without providing a specific reason, leaving the organization amid uncertainty.

* Sundar had assumed the role of Managing Director on May 30, 2022, for a two-year term, similar to the tenure of his predecessor, Karnam Sekar. Both resignations occurred before completing the stipulated two-year period, raising questions about the stability and management structure of NARCL.

Merger Proposal and Previous Leadership Changes :

* The surprise resignation of Karnam Sekar was closely linked to a proposal to merge NARCL with India Debt Resolution Company (IDRCL), an entity that acts as a resolution agent. This proposal, initiated by IDRCL’s former head, Diwakar Gupta, prompted Sekar’s resignation. In November, Gupta was appointed Chairman of NARCL, while Narayan Sheshadri assumed the role of Chairman.

* The merger proposal aimed at streamlining the operations of both public sector NARCL and private sector IDRCL, with the former acting as the principal asset reconstruction company and the latter functioning as a resolution agent. However, the unexpected leadership changes have added an element of uncertainty to the proposed merger.


Upcoming Leadership Transition :

With P Santhosh taking over as the Managing Director of NARCL, the organization is expected to invite candidates to apply for the vacant position soon. Santhosh, who joined NARCL on deputation from Canara Bank, will play a crucial role in steering the asset reconstruction company through its mandate of acquiring bad loans and facilitating their resolution.


Financial Overview :

As of November, ten public sector banks had transferred Rs 11,617 crore in bad loans to NARCL. However, the recovery figures indicate a modest sum of Rs 16.64 crore as of November 30, 2023. These financial metrics underscore the challenges faced by NARCL in its mission to alleviate the burden of bad loans from the banking sector.

Correct Answer :   Narendra Modi

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The Union Cabinet Chaired by the Prime Minister, Shri Narendra Modi has approved the overarching scheme “PRITHvi VIgyan (PRITHVI)” of Ministry of Earth Sciences, for implementation during the period from 2021-26 at an overall cost of Rs. 4,797 crore.

The scheme encompasses five ongoing sub-schemes namely “Atmosphere & Climate Research-Modelling Observing Systems & Services (ACROSS)”, “Ocean Services, Modelling Application, Resources and Technology (O-SMART)”, “Polar Science and Cryosphere Research (PACER)”, “Seismology and Geosciences (SAGE)” and “Research, Education, Training and Outreach (REACHOUT)”.


The major Objectives of the overarching Prithvi Scheme are :

* Augmentation and sustainance of long-term observations of the atmosphere, ocean, geosphere, cryosphere and solid earth to record the vital signs of the Earth System and change
* Development of modelling systems for understanding and predicting weather, ocean and climate hazards and understanding the science of climate change
* Exploration polar and high seas regions of the Earth towards discovery of new phenomena and resources;
* Development of technology for exploration and sustainable harnessing of oceanic resources for societal applications
* Translation of knowledge and insights from Earth systems science into services for societal, environmental and economic benefit.    
 

Ministry of Earth Sciences (MoES) is mandated to translate Science to Services for the Society in providing services for weather, climate, ocean and coastal state, hydrology, seismology, and natural hazards; to explore and harness marine living and non-living resources in a sustainable manner for the country and to explore the three poles of the Earth (Arctic, Antarctic and Himalayas). These services include weather forecasts (both on land and in the Oceans) and warnings for various natural disasters like tropical cyclones, storm surge, floods, heat waves, thunderstorm and lightning; alerts for Tsunamis and monitoring of earthquakes, etc. The services provided by the Ministry are being effectively used by different agencies and state governments for saving human lives and minimising damages to the properties due to natural disasters.

The research & development and operational (services) activities of MoES are carried out by ten Institutes of MoES, viz. India Meteorological Department (IMD), National Centre for Medium Range Weather Forecasting (NCMRWF), Centre for Marine Living Resources and Ecology (CMLRE), National Centre for Coastal Research (NCCR), National Centre for Seismology (NCS), National Institute of Ocean Technology (NIOT), Indian National Centre for Ocean Information Service (INCOIS), Hyderabad, National Centre for Polar and Ocean Research (NCPOR), Goa, Indian Institute of Tropical Meteorology (IITM), Pune and National Centre for Earth Science Studies (NCESS). A fleet of oceanographic and coastal research vessels of the Ministry provide required research support for scheme.

Earth System Sciences deal with all the five components of the earth system: atmosphere, hydrosphere, geosphere, cryosphere, and biosphere and their complex interactions. The Ministry of Earth Sciences (MoES) holistically addresses all the aspects relating to the Earth System Science. 

The overarching scheme of PRITHVI will holistically address all the five components of earth system to improve the understating of the Earth System Sciences and to provide reliable services for the country. Various components of PRITHVI scheme are inter-dependent and are carried out in an integrated manner through combined efforts of the concerned Institutes under MoES.

The overarching scheme of Prithvi Vigyan will enable development of integrated multi-disciplinary earth science research and innovative programs across different MoES institutes. These integrated R&D efforts will help in addressing the grand challenges of weather and climate, ocean, cryosphere, seismological science and services and explore the living and non-living resources for their sustainable harnessing..

Source : PIB

Correct Answer :   Nepal

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External Affairs Minister S Jaishankar, currently on a two-day visit to Nepal, joined hands with his counterpart N P Saud to inaugurate three cross-border transmission lines. This marks a significant stride in enhancing connectivity between the two nations, fostering cooperation in the energy sector.


Bilateral Agreement for 10,000 MW Power Export: A Decade-Long Commitment :

India and Nepal solidified their commitment to a long-term energy partnership with the signing of an agreement for the export of 10,000 MW of power to India over the next 10 years. The bilateral agreement, signed by India’s Energy Secretary Pankaj Agrawal and Nepal’s Energy Secretary Gopal Sigdel, is a testament to the shared vision of sustainable energy cooperation.


Key Developments at the 7th Nepal-India Joint Commission Meeting :

The power export agreement was a highlight of the 7th meeting of the Nepal-India Joint Commission. The discussions encompassed various facets of bilateral ties, emphasizing trade and economic relations, connectivity projects, defence and security cooperation, agriculture, disaster management, tourism, and more. This meeting served as a platform for both nations to reaffirm their commitment to an all-encompassing and robust partnership.

Cooperation in Renewable Energy: Strengthening Commitment to Sustainability :

In addition to the power export agreement, an Memorandum of Understanding (MoU) for cooperation in renewable energy was signed between the Nepal Electricity Authority and India’s National Thermal Power Corporation Limited. This underscores the joint commitment towards sustainable and eco-friendly energy solutions.


Nepal’s Perspective: A Breakthrough in the Power Sector :

Nepal’s Prime Minister, Pushpa Kamal Dahal Prachanda, hailed the power export agreement as a breakthrough in the nation’s power sector. The significance of this agreement is not only economic but also pivotal in ensuring energy security and fostering a balanced and sustainable development trajectory for Nepal.


Comprehensive Discussion on Bilateral Relations :

External Affairs Minister Jaishankar highlighted the breadth of discussions during his visit, covering a spectrum of topics such as land, rail, and air connectivity, cooperation in defence and security, agriculture, power, water resources, disaster management, tourism, civil aviation, and people-to-people and cultural exchange. These discussions underscore the multifaceted nature of the India-Nepal relationship.

Correct Answer :   ₹1,156 Crore

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Prime Minister Narendra Modi inaugurated projects worth ₹1,156 crore during his visit to the Lakshadweep islands. Among these projects is the Kochi-Lakshadweep Islands Submarine Optical Fibre Cable, a ₹1,072-crore initiative providing 100 Gbps internet connectivity to the islands.


Enhancing Connectivity and Internet Speeds :

* The undersea cable link, executed by Japanese firm NEC and laid by BSNL, promises 100 times faster internet for the residents of Lakshadweep.
* Covering 1,868 kilometers, it connects Kavaratti, Agatti, Amini, Kadmat, Chetlet, Kalpeni, Minicoy, Androth, Kiltan, Bangaram, and Bitra.
* This initiative allows telecom companies to offer 4G, 5G, and high-speed broadband for the first time in the archipelago.

Multi-Faceted Development Initiatives :

* Apart from the internet cable, other projects include a thermal desalination plant, tap connections under Jan Jeevan Mission, a solar power plant, and the headquarters of Indian Reserve Battalion. The PM also laid the foundation for healthcare facility renovation and Nand Ghar model Anganwadis on different islands.


Empowering Youth through Education and Infrastructure :

* Highlighting the absence of higher education institutions in the past, PM Modi emphasized recent steps to address this issue. Initiatives include launching educational institutions for arts and science on Andrott and Kadmat islands and a Polytechnic College in Minicoy.

* The PM also distributed laptops to college students, bicycles to girl school students, Kisan Credit Cards, and PMJAY Cards, showcasing a holistic approach towards the socio-economic development of Lakshadweep.

Correct Answer :   $86 Billion

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In preparation for the upcoming biennial Vibrant Gujarat Global Summit, the Indian state of Gujarat has sealed preliminary investment deals totaling 7.17 trillion Indian rupees ($86.07 billion) with 58 companies spanning sectors like energy, oil and gas, and chemicals.

Prime Minister Narendra Modi’s home state has been strategically securing these agreements ahead of the summit scheduled from January 10 to January 12 in Gandhinagar.


Key Investment Highlights :

NTPC Renewable Energy Limited :

* Proposed investment of 900 billion Indian rupees ($10.80 billion) for 15 GW renewable energy parks, catering to agricultural power needs.
* Additional investment of 700 billion Indian rupees ($8.40 billion) for fuel cell electric vehicles, hydrogen blending, green chemicals production, and 5 GW hydrogen-based energy storage projects.


Torrent Power :

* Agreement to invest 474 billion Indian rupees ($5.69 billion) in solar power projects (3,450 MW and 7,000 MW capacity), green hydrogen, ammonia manufacturing, and distribution networks in cities like Ahmedabad and Surat.

With NTPC and Torrent Power leading the charge, these strategic investments signal a robust push by Gujarat to attract both foreign and domestic investors. This move is pivotal as Prime Minister Modi aims to bolster investment in the country ahead of the national elections, where he seeks a third term. Last month, the state government had already secured investment agreements amounting to $18.75 billion, setting the stage for a potentially record-breaking summit attendance.

Correct Answer :   Justice BR Gavai

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Supreme Court judge, Justice BR Gavai has been nominated by the National Legal Services Authority (NALSA) as the Chairman of the Supreme Court Legal Services  Committee.

The Department of Justice issued a notification to this effect on December 29, 2023. Justice Gavai has replaced senior judge Justice Sanjeev Khanna.

Correct Answer :   Reliance Industry

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Reliance Industries Limited (RIL), the Mumbai-based conglomerate with a diverse portfolio in energy and petrochemical businesses, concluded the year 2023 on a remarkable note. The company achieved a significant milestone by becoming the first in India to produce ISCC-Plus certified chemically recycled polymers.


The Breakthrough Announcement :

On December 29, RIL proudly declared that it had successfully shipped its inaugural batch of ISCC-Plus certified circular polymers, named CircuRepol (polypropylene) and CircuRelene (polyethylene), to an undisclosed client. This achievement underscores RIL’s commitment to sustainable practices and innovation in the petrochemical industry.


ISCC-Plus Certification at Jamnagar Refinery :

The ISCC-Plus certification applies to RIL’s Jamnagar refinery, situated in the state of Gujarat. This recognition is a testament to the company’s dedication to meeting international standards for sustainable and environmentally friendly manufacturing processes. RIL’s Jamnagar refinery has implemented a continuous catalytic pyrolysis technology, designed to convert various plastic wastes, including single-use and multi-layered plastics, into pyrolysis oil.

Advanced Pyrolysis Technology :

RIL’s proprietary continuous catalytic pyrolysis technology stands out as a breakthrough in the quest for sustainable plastic waste management. While specific values for the technology’s performance were not disclosed, the company emphasizes that it yields high-quality pyrolysis oil. The successful validation of this technology at a demonstration scale signifies a step forward in addressing the global issue of plastic waste.


Production Capacity and Future Plans :

The Jamnagar refinery boasts a capacity to output up to 600 tonnes of pyrolysis oil per month. RIL, in a statement, outlined its long-term plans, which include the establishment of in-house technology plants and a strategic scaling up of capacities. This ambitious vision aligns with the conglomerate’s goal of making substantial contributions to a sustainable and circular economy.


ISCC Plus: A Globally Recognized Certification :

Internationally recognized, ISCC Plus stands as the leading global certification system providing supply chain transparency and traceability for sustainable feedstocks used in the production of chemically recycled polymers. Companies obtaining ISCC Plus certification commit to ensuring that the sustainability of their raw materials can be transparently traced from the field to the store. This involves adhering to mass balance or material segregation chain of custody models, which track the amount of bio-based, circular, or renewable content across the entire value chain.