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05th January, 2024

Geographical Indication (GI), Poila Boisakh, 14th Chandubi Festival, direct-to-cell, M.S. Swaminathan Award, International Mind-Body Wellness Day, World Braille Day, Green Cover Index
  1. President Droupadi Murmu has given her assent to two bills.
  2. Employees’ Provident Fund Organisation (EPFO) has extended deadline for Employers to upload wage details for Pension on Higher Wages.
  3. 3 products from Arunachal Pradesh have received Geographical Indication (GI) tag.
  4. West Bengal government has notified ‘Poila Boisakh’ as State Day and ‘Banglar Mati Banglar Jal’ as State Song.
  5. Assam has celebrated 14th Chandubi Festival from January 1 to January 5, 2024.
  6. Jharkhand has reduced the age limit for old age pension.
  7. Bajaj Finserv has launched first credit pass of India powered by Credit Information Bureau (India) Limited (CIBIL).
  8. World Bank has issued bonds in 3 currencies to finance green and social projects in member countries.
  9. OLA Electric has become 1st Electronic Vehicle (EV) company to get Production Linked Incentive (PLI) approval.
  10. India Ratings has raised GDP growth forecast of India for 2023-24 (FY24) to 6.7% from 6.2%.
  11. SpaceX has launched its first ‘direct-to-cell’ Starlink satellite.
  12. Prof. B.R. Kamboj has been honoured with the prestigious M.S. Swaminathan Award.
  13. January 3– International Mind-Body Wellness Day
  14. January 4– World Braille Day
  15. National Highways Authority of India (NHAI) has entered into a Memorandum of Understanding with the National Remote Sensing Centre (NRSC) to develop and report a “Green Cover Index”.
  16. Quality Council of India (QCI) and Khadi Village and Industries Commission (KVIC) have signed an MoU to introduce made in India labelled khadi merchandise.
  17. Vice-Admiral Dinesh K. Tripathi has took over as the Vice-Chief of the Naval Staff (VCNS).
  18. Randhir Jaiswal has assumed the charge as official Ministry of External Affairs (MEA) spokesperson.
  19. Puneet Chhatwal has been appointed as the Chairman of Federation of Associations in Indian Tourism & Hospitality (FAITH).

Table of Content

National News

  1. President Droupadi Murmu has given her assent to two bills.
      • Chief Election Commissioner and Other Election Commissioners (Appointment, Conditions of Service and Term of Office) Bill, 2023:
        • It has replaced the Election Commission (Conditions of Service of Election Commissioners and Transaction of Business) Act, 1991.
        • It specifies the process for the appointment of the Chief Election Commissioner and other Election Commissioners.
        • It defines the conditions of service and tenure for the Chief Election Commissioner and other Election Commissioners.
      • Press and Registration of Periodicals (PRP) Bill, 2023:
        • It has replaced the Press and Registration of Books Act, 1867.
        • Ministry of Information and Broadcasting is the concerned ministry overseeing the implementation of the bill.
        • It intends to ease procedures for publishers, reducing the number of declarations and filings required.
        • It focuses on bringing the registration and declaration process in line with contemporary needs and technological advancements. Source: The Hindu
  2. Employees’ Provident Fund Organisation (EPFO) has extended deadline for Employers to upload wage details for Pension on Higher Wages.
      • Key points-
        • New deadline– May 31, 2024
        • Old deadline- December 31, 2023
        • Employers have been given 5 months for uploading wage details of higher pension options online.
Knowledge Nuggets -
About EPFO-
• Employees Provident Fund Organization is one of the World's largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken.
• It was established by the Employees' Provident Funds Act, 1952.
• Headquarters- New Delhi
• Ministry- Ministry of Labour and Employment
• Central Provident Fund Commissioner- Neelam Shami Rao

Source: PIB

State News

  1. 3 products from Arunachal Pradesh have received Geographical Indication (GI) tag.
      • Details of product
ProductsProduct type
Adi kekir (Ginger)Agriculture
Handmade carpet by Tibetan settlersHandi Craft
Wooden items made by Wancho communityHandi Craft
Knowledge Nuggets -
What is GI tag?
• A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin.
• Geographical Indications of Goods (Registration and Protection) Act, 1999 aims to facilitate the registration and enhance the protection of geographical indications associated with goods within the territory of India.
• It is regulated and guided by the World Trade Organization's Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).
• In order to function as a GI, a sign must identify a product as originating in a given place.
Source: ET
  1. West Bengal government has notified ‘Poila Boisakh’ as State Day and ‘Banglar Mati Banglar Jal’ as State Song.
    • Key points
      • Poila Boisakh is the first day of the Bengali New Year.
      • Poila Boisakh festival generally falls on 14 or 15 April.
      • Banglar Mati Banglar Jal has been written by Rabindranath Tagore. Source: The Hindu
  2. Assam has celebrated 14th Chandubi Festival from January 1 to January 5, 2024.
      • More about Chandubi festival
        • Chandubi Festival is an annual 5-day event that highlights and celebrates the cultural heritage of Assam’s tribal communities.
        • The festival takes place near the Chandubi lake, located 64 km away from Guwahati city in Assam.
        • 2024 edition of the festival was organized by the residents of Rajapara village in the Kamrup district, under the Rabha Hasong Autonomous Council (RHAC). Source: SAssam
  3. Jharkhand has reduced the age limit for old age pension.
      • Key points-
        • Age limit is reduced to 50 years from 60 years for receiving old age pension.
        • Reduction in age limit is applicable to SC, ST and OBC communities. Source: TOI

Banking and Economy

  1. Bajaj Finserv has launched first credit pass of India powered by Credit Information Bureau (India) Limited (CIBIL).
      • Objective
        • To provide customers with real-time access to their credit dashboard for tracking and monitoring credit health.
Knowledge Nuggets -
About CIBIL-
• It is a credit information company which maintains credit files of a number of citizens and companies.
• Established- 2000
• Headquarters- Mumbai
• Managing Director- Rajesh Kumar
Source: ANI
  1. World Bank has issued bonds in 3 currencies to finance green and social projects in member countries.
      • Bonds launched
BondsTenure Amount
Australian Dollar Sustainable Bond5 years 2 billion
US Dollar Sustainable Bond7 years 5 billion
Canadian Dollar Sustainable Bond5 years 1.4 billion
Knowledge Nuggets -
About World Bank-
• It is an international financial institution which provides loans and grants to the governments of low and middle-income countries for the purpose of pursuing capital projects.
• It was created at Bretton Woods Conference, along with the International Monetary Fund (IMF).
• Headquarters- Washington DC, USA
• Established- 1944
• President- Ajay Banga
Source: World Bank
  1. OLA Electric has become 1st Electronic Vehicle (EV) company to get Production Linked Incentive (PLI) approval.
      • Key points-
        • OLA Electric has successfully passed the eligibility requirements such as minimum of 50% domestic value addition to its vehicle.
        • PLI certification will provide financial incentives which will increase the affordability of electric vehicles.
      • What is PLI scheme?
        • Production Linked Incentive is a government initiative that provides incentives to manufacturers to boost domestic production in specific industries. Source: ET

Reports and Indices

  1. India Ratings has raised GDP growth forecast of India for 2023-24 (FY24) to 6.7% from 6.2%.
      • Key points
        • Revision in growth rate is attributed to higher-than-expected growth during the September quarter and sustained government expenditure.
        • Economy of India has demonstrated a robust growth, with a 7.6% expansion in the July-September quarter.
        • Export-
          • Due to uncertain external demand, merchandise exports are expected to decline by 9.3% Year-on-Year in FY24, and goods imports are expected to fall by 7.9% Year-on-Year.
        • Trade deficit-
          • Trade deficit is estimated to be $260.7 billion (7.3% of GDP), but sustained remittances and software exports are expected to provide relief to the current account.
      • GDP projection by other organisations for FY24
OrganisationGDP growth rate
Reserve Bank of India7%
International Monetary Fund6.3%

Source: livemint

Science and Technology

  1. SpaceX has launched its first ‘direct-to-cell’ Starlink satellite.
      • What is direct-to-cell satellite?
        • These satellites allow users to directly connect their cell phones to mobile networks without a Starlink terminal.
        • Essentially the Direct-to-Cell Starlink satellites have advanced modems that act as cell phone towers in space.
        • This could potentially be used to eliminate cell phone service dead zones on the ground.
Knowledge Nuggets -
About SpaceX-
• Space Exploration Technologies Corp. (SpaceX) is a versatile space company involved in various aspects of the space industry.
• It is engaged in spacecraft manufacturing, launch services, satellite communications, and even serves as a defense contractor.
• Headquarters-California, USA
• Established- 2002

Awards

  1. Prof. B.R. Kamboj has been honoured with the prestigious M.S. Swaminathan Award.
      • Key points-
        • He is awarded for his contributions as a scientist and extension specialist in the field of agronomy.
        • Award ceremony has took place at the International Conference on ‘One Health One World,’ held at Rajmata Vijayaraje Scindia Agricultural University at Gwalior in Madhya Pradesh.
Knowledge Nuggets -
About M.S. Swaminathan Award-
• It is instituted by Trust for Advancement of Agricultural Sciences (TASS) in 2004.
• Objective -
o To recognize lifetime contributions of eminent persons who have made global impact in the field of agriculture, including food security and sustainability of agriculture in India.

Source: AIR, TAAS

Important Days

  1. January 3– International Mind-Body Wellness Day
    Source: WION
  2. January 4– World Braille Day
    Source: UN

Memorandum of Understanding

  1. National Highways Authority of India (NHAI) has entered into a Memorandum of Understanding with the National Remote Sensing Centre (NRSC) to develop and report a “Green Cover Index”.
      • More about MoU-
        • Duration of partnership- 3 years
        • NRSC will establish a “Green Cover Index” for National Highways using high-resolution satellite imagery.
        • Green Cover Index will enable targeted interventions in areas lacking sufficient green cover.
        • Subsequent annual cycles will help in estimating the growth patterns of green cover for National Highways using scientific techniques.
Knowledge Nuggets -
About NRSC-
• It is one of the centres of Indian Space Research Organisation (ISRO).
• It is responsible for remote sensing satellite data acquisition and processing, data dissemination, aerial remote sensing and decision support for disaster management.
• Location- Hyderabad, Telangana
Source: PIB
  1. Quality Council of India (QCI) and Khadi Village and Industries Commission (KVIC) have signed an MoU to introduce made in India labelled khadi merchandise.
      • Objective-
        • To improve the quality of khadi products and empower khadi artisans.
      • Key points-
        • QCI will support KVIC by providing third party assessment framework, capacity building to improve productivity and promote khadi products.
        • Collaboration will provide increased income and new employment opportunities for artisans.
Knowledge Nuggets -
About QCI-
• Quality Council of India (QCI) is an autonomous organization under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
• It was established for raising the quality and standards related to every aspect of life for the overall development of the nation.
• Established- 1997
About KVIC-
• Khadi and Village Industries Commission (KVIC) is a statutory body established by an Act of Parliament.
• It is charged with the planning, promotion, organisation and implementation of programs for the development of Khadi and other village industries in the rural areas.
• Established- 1957

Source: ET

Appointments

  1. Vice-Admiral Dinesh K. Tripathi has took over as the Vice-Chief of the Naval Staff (VCNS).
      • Vice-Admiral Sanjay Jasjit Singh has took over as the Flag Officer Commanding-in-Chief (FOCINC), Western Naval Command. Source: The Hindu
  2. Randhir Jaiswal has assumed the charge as official Ministry of External Affairs (MEA) spokesperson. Source: The Hindu
  3. Puneet Chhatwal has been appointed as the Chairman of Federation of Associations in Indian Tourism & Hospitality (FAITH).
      • What is FAITH?
        • FAITH is the apex body of the tourism and hospitality industry in the private sector in India. It includes all the national associations as its members. Source: ET
CEO of Anujjindal.in

About Anuj Jindal

━━━━━ Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 5 years of experience in the field of Education.
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