Daily Current Affairs
MISS WORLD 2024, KRYSTYNA PYSZKOVA FROM CZECH REPU
Krystyna Pyszkova from the Czech Republic was crowned as the new Miss World 2024 at a grand event in Mumbai, India. The previous Miss World 2022, Karolina Bielawska from Poland, crowned her successor in a magnificent ceremony.
Runners-Up and Continental Winners
- First Runner-Up: Yasmina Zaytoun of Lebanon
- Miss World Asia and Oceania: Yasmin Azaytoun of Lebanon
- Miss World Europe: Krystyna Pyszková of Czech Republic
- Miss World America and Caribbean: Aché Abrahams of Trinidad and Tobago
- Miss World Africa: Lesego Chombo of Botswana
Humanitarian Award
- The Miss World Humanitarian Award was given to Nita Ambani for her work at the Reliance Foundation, a non-profit organization. Julia Morley CBE, the Chairwoman of the Miss World Organization, presented her with the award.
Glamour and Excitement
- The 71st Miss World pageant, held in India after 27 years, generated a lot of excitement and anticipation. It celebrated womanhood and diversity, and featured stunning outfits designed by Indian designer Archana Kochhar.
Judges and Hosts
- The panel of judges included Bollywood actors Kriti Sanon and Pooja Hegde, along with other notable personalities. The event was co-hosted by former Miss World Megan Young and Indian film director Karan Johar. Indian singers Shaan, Neha Kakkar, and Tony Kakkar performed at the event.
Participants
- Around 120 contestants from various countries participated in the Miss World 2024 contest. Sini Shetty represented India, the country that last won the Miss World title in 2017 with Manushi Chhillar.
INDIAN OSCAR AWARD WINNER’S NAME
Oscar Awards
The Oscars, officially named the Academy Awards, stand as the pinnacle of recognition in the film industry worldwide. Every year, artists from diverse corners of the globe compete for accolades across a broad spectrum of categories. India, renowned for its vibrant film industry, has made notable strides in global cinema, with several Indian talents achieving success at the Oscars and thereby leaving an enduring impact on the international cinematic landscape.
List of Indian Oscar Winners
- India has earned its place in Oscar history with triumphant victories at the 55th, 81st and 95th Academy Awards, across diverse categories including Best Original Song, Best Documentary, Best Sound Mixing, Best Original Score and Best Costume Design.
- As we look forward to the upcoming Academy Award Ceremonies, it is clear that there are more Oscar accolades awaiting to grace India’s cinematic achievements.
Here is the list of Indian Oscar Laureates:
Indian Recipients | Category | Year |
Bhanu Athaiya | Best Costume Design | 1983 |
Satyajit Ray | Honorary Award | 1992 |
Resul Pookutty | Best Sound Mixing | 2009 |
Gulzar | Best Original Song | 2009 |
A R Rahman | Best Original Score and Best Original Song | 2009 |
Kartiki Gonsalves | Best Documentary Short | 2023 |
MM Keeravani and Chandrabose | Best Original Song | 2023 |
1. Bhanu Athaiya- Best Costume Design
- Bhanu Athaiya clinched an Academy Award in the category of “Best Costume Design” for her exceptional contributions to the film “Gandhi” in 1982. Her artistic prowess was showcased earlier in 1953 when two of her creations were featured in the Progressive Artisits’ Group exhibition in Bombay.
- Throughout her illustrious career, she collaborated on over 90 films with a spectrum of Indian filmmakers, including luminaries such as Guru Datt, Yash Chopra, B.R. Chopra, Raj Kapoor, Vijay Anand, Raj Khosla, Ashutosh Gowariker and many more. She also ventured into international cinema, leaving her mark alongside directors like Conrad Rooks in “Siddhartha” (1972) and Richard Attenborough in “Gandhi” (1982).
2. Satyajit Ray- Honorary Award
- Satyajit Ray, an illustrious figure in Indian cinema, achieved worldwide recognition for his Bengali filmmaking. His debut film, “Pather Panchali,” earned accolades nationally and internationally, including at the 1955 Cannes Film Festival. In 1992, Ray received an Honorary Oscar for his lifetime achievements, though he could not attend due to ill health.
- His work is celebrated globally for its rare artistic mastery, making him a revolutionary filmmaker among Indian Oscar winners.
3. Resul Pookutty- Best Sound Mixing
- Resul Pootkutty, another Indian luminary at the Oscars, earned acclaim for his role in the globally celebrated film “Slumdog Millionaire.”
- While the movie received multiple nominations, Resul Pookutty secured an Oscar for Best Sound Mixing at the 81st Academy Awards, sharing the honor with lan Tapp and Richard Pryke.
- His remarkable sound work extends to other notable films like “Musafir,” “Saawariya” and “Dus Kahaniyaan,” making his contributions to sound mixing an inspiration for all.
4. Gulzar- Best Original Song
- Gulzar, affectionately known as Gulzar Saheb, is celebrated for his multifaceted talents as a lyricist, poet, author and filmmaker. He clinched an Oscar at the 81st Academy Awards for Best Original Song with “Jai Ho.”
- Alongside this prestigious honor, he amassed a treasure trove of accolades, including Filmfare, Grammy Awards and National Film Awards. His remarkable achievements also include the Padma Bhushan in 2004 and the Dadasaheb Phalke Award in 2013.
- “Jai Ho” from the movie of the same name remains a shining example of Indian cinema’s triumphs at the Oscars.
5. A R Rahman- Best Original Score and Best Original Song
- A.R. Rahman, an iconic music composer in India, needs no introduction due to his legendary compositions. He made history in 2009 by securing two Oscars for the film “Slumdog Millionaire”– one for the original score and another for the song “Jai Ho.”
- Rahman was also the first Indian to be nominated in three Academy Awards categories. His illustrious career boasts numerous accolades, including Grammy Awards, BAFTA Awards, Golden Globe Awards, Filmfare Awards and National Film Awards. The Government of India honoured him with the Padma Bhushan in 2010.
6. Kartiki Gonslaves- Best Documentary Short
- In 2022, Kartiki Gonslaves, an Indian-American short documentary filmmaker, marked her directorial debut with “The Elephant Whisperers.” The film delves into the unique bond that blossoms between a couple and Raghu, an orphaned baby elephant they nurture.
- Premiering at the DOC NYC Film Festival on November 9, 2022, the movie, produced by Sikhya Entertainment, became globally accessible on Netflix on December 8, 2022. It achieved further acclaim by winning the coveted title of Best Documentary Short Film at the 2023 Oscars.
7. MM Keeravani and Chandrabose
- S.S. Rajamouli’s mega-hit “RRR” continues to rewrite records, with its infectious song “Naatu Naatu” claiming the Best Original Song award at the 2023 Golden Globes. The success did not stop there; on 12th March, the eve of the 2023 Academy Awards, the same song clinched an Oscar in the same category.
- Composers MM Keeravani and Chandrabose celebrated the win with a performance on stage. The Oscars 2023, a platform that showcases cinema’s best and current trends, highlighted outstanding performances and innovative storytelling.
SATWIK-CHIRAG WIN BWF FRENCH OPEN MEN’S DOUBLES TI
Indian badminton stars Satwiksairaj Rankireddy and Chirag Shetty have won the BWF French Open men’s doubles title, defeating Chinese Taipei’s Lee Jhe-Huei and Yang Po-Hsuan in the final.
Highlights:
- Satwiksairaj Rankireddy and Chirag Shetty won the French Open men’s doubles title
- They defeated Lee Jhe-Huei and Yang Po-Hsuan of Chinese Taipei in straight games (21-11, 21-17)
- This is their second French Open title after previously winning in 2022
- They are the world No. 1 men’s doubles pair
- This is their first title of the 2023 season
The French Open Victory
- Satwik and Chirag dominated the final, winning in 37 minutes
- They had finished runners-up in the 2019 French Open
- The victory marks their first Super 750 title of the year
- They had previously reached the finals at Malaysia Super 1000, India Super 750, and China Masters Super 750
Continuing Success
- Satwik and Chirag are the reigning Asian Games champions
- Their consistency has led to coach Pullela Gopichand tipping them as favorites for the Paris Olympics gold medal
- The French Open title further solidifies their position as the world’s top men’s doubles pair
With their impressive performance and consistent results, Satwiksairaj Rankireddy and Chirag Shetty have cemented their status as one of the best men’s doubles pairs in the world, raising hopes for an Olympic medal at the Paris 2024 Games.
PM MODI UNVEILS BRONZE STATUE OF AHOM GENERAL LACH
Prime Minister Narendra Modi unveiled a 125-foot bronze statue of the legendary Ahom general, Lachit Borphukan, at his burial site in eastern Assam’s Jorhat district. This event marks a significant tribute to Borphukan’s valor and leadership in the history of Assam.
Unveiling Ceremony Highlights
- Location: The unveiling ceremony took place at the Lachit Barphukan Maidam Development Project at Hollongapar near Teok.
- Traditional Attire: PM Modi, arriving from Arunachal Pradesh by helicopter, adorned traditional attire and headgear for the occasion.
- Ahom Ritual: The ceremony included the participation of PM Modi in an Ahom ritual, adding cultural significance to the unveiling.
- Presence of Chief Minister: Chief Minister Himanta Biswa Sarma accompanied the Prime Minister during the program.
Statue Details
- Design and Construction: The 125-foot statue, designed and constructed by renowned sculptor Ram Vanji Sutar, stands on a pedestal of 41 feet, making the total structure 125 feet tall.
- Foundation Laying: The foundation of the statue was laid by former President Ram Nath Kovind in February 2022.
Tribute to Lachit Borphukan
- Legendary Commander: Lachit Borphukan was a legendary army commander of the Ahom kingdom (1228-1826).
- Battle of Saraighat: He is celebrated for his pivotal role in the 1671 ‘Battle of Saraighat,’ where he successfully defended Assam against the mighty Mughal forces led by Raja Ramsingh-I, showcasing exemplary leadership and strategic prowess.
NAMASTE SCHEME: ENSURING SAFETY AND DIGNITY OF SAN
The NAMASTE Scheme, a joint initiative by the Ministry of Social Justice and Empowerment and the Ministry of Housing and Urban Affairs, aims to eliminate manual engagement of sanitation workers in hazardous sewer and septic tank cleaning operations. Implemented by the NSKFDC for three years, the scheme prioritizes the safety and well-being of workers with a budget of 349.73 crores.
Background
- The National Action for Mechanized Sanitation Ecosystem or the NAMASTE Scheme is a response to the vital role sanitation workers play in maintaining community health and hygiene, especially after the Swachh Bharat Mission. The scheme aims to formalize and skill these workers, eliminate fatalities in sanitation work, and empower them through entrepreneurship and access to alternate livelihoods.
Components of the Scheme
1. Profiling of Sewer and Septic Tank Workers (SSWs):
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- Creation of a national database with unique NAMASTE IDs for all SSWs.
- Online training conducted for ULB Nodal Officers and surveyors on profiling process.
- State-level training sessions held for resolving technical queries.
- Collection of sanitation profile data from ULBs through online forms.
2. Health Insurance and Occupational Safety Training:
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- Enrollment of SSWs under PM-JAY for health insurance coverage.
- Provision of occupational safety training to enhance worker safety.
- Establishment of Sanitation Response Units (SRUs) for emergency situations.
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3. Capital Subsidy and Equipment Distribution:
- Capital subsidy up to Rs. 5.00 lakh for procurement of sanitation-related vehicles/equipment.
- Distribution of Personal Protective Equipment (PPE) to SSWs.
- Provision of safety devices to Emergency Response Sanitation Units (ERSUs).
4. IEC Campaign and Capacity Building:
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- Conducting Information Education Communication (IEC) campaigns for SSW safety and dignity awareness.
- Capacity building of ULB Nodal Officers and surveyors on profiling process and NAMASTE Mobile Application.
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Training Initiatives
Training of Trainers on NAMASTE Mobile Application:
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- Conducted in multiple states to ensure clear understanding of the app and scheme in regional languages.
- Combination of physical and online training sessions for effective dissemination.
Current Progress
Profiling Camps for SSWs:
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- Profiling initiated in 28 states with IEC campaigns to raise awareness.
- 28,732 SSWs surveyed with 21,760 validated as of March 6, 2024.
CISF RAISING DAY 2024, DATE, HISTORY AND SIGNIFIAN
CISF Raising Day is celebrated every year on March 10. This day marks the establishment of the Central Industrial Security Force (CISF) in 1969. CISF is an important armed police force in India that provides security to many important places and projects across the country.
What is CISF?
- CISF is under the Ministry of Home Affairs. It protects places like airports, seaports, power plants, and other infrastructure projects. CISF has special skills and training to handle difficult situations like terrorist attacks, hijackings, bomb threats, and hostage situations.
History of CISF
- CISF was established on March 10, 1969, by an Act of Parliament. Initially, it had a few battalions. Over the years, CISF has grown bigger and stronger. It has now become a multi-skilled security force with specialized training.
CISF’s Role and Capabilities
- CISF is known for its ability to handle challenging situations. It has modern weapons, vehicles, and security equipment. CISF also has a special dog unit trained to detect explosives and illegal materials.
- Apart from providing security, CISF is also involved in social welfare activities. It runs schools, hospitals, and dispensaries in areas where it is deployed. CISF also helps in disaster relief and rescue operations during natural calamities and emergencies.
Significance of CISF Raising Day
- CISF protects some of the most important and sensitive places in the country. Its role in safeguarding the country’s infrastructure and assets is crucial for national security. CISF Raising Day honors the bravery and dedication of the force in performing its duties, often in difficult situations.
Celebrations on CISF Raising Day
- On CISF Raising Day, various events and programs are organized across the country. CISF personnel participate in parades, sports events, cultural programs, and other activities. The public can interact with CISF personnel and appreciate their service to the nation.
- Different CISF units follow different traditions to mark the occasion. Some organize parades and ceremonies, while others hold cultural programs like music, dance, and drama performances. Other activities include blood donation camps, health check-up camps, and awareness programs.
- CISF also awards and honours its outstanding personnel who have made exceptional contributions to the organization. This day serves as a reminder of CISF’s commitment to providing security and safeguarding the nation’s critical assets. It also provides an opportunity to promote public awareness and service.
INDIA’S REAL GDP GROWTH EXPECTED TO MODERATE TO 7%
UBS anticipates a moderation in India’s real GDP growth for fiscal years 2025 and 2026, projecting rates of 7% and 6.8%, respectively. Despite this, India is expected to maintain its position as one of the fastest-growing global economies. The report highlights the continuation of growth momentum in the first three quarters of fiscal year 2024, driven by cyclical recovery and structural improvements.
GDP Growth Projection
- Real GDP growth expected to moderate to 7% and 6.8% in FY25 and FY26 respectively.
- Positive surprises noted in India’s GDP growth, averaging above 8% in the first three quarters of FY2024.
- Expectation of moderation attributed to global factors such as weaker growth and local factors like softness in public capex.
Sector-wise Analysis
- Anticipated moderation in investment-led growth due to lower public capex.
- Gradual recovery expected in consumption growth driven by rural growth recovery, relying on expectations of a normal monsoon as projected by IMD.
Equity Market Outlook
- Expectation of near-term volatility in the Indian equity market due to elevated geopolitical and economic risks.
- Manageable downside risks amid supportive domestic macro and micro environment.
- Reversal of rate cycle could provide valuation support as equity risk premium falls.
- Investors advised to utilize steep market corrections as buying opportunities, favoring domestic economy linked sectors for long-term structural growth opportunities.
SEA DEFENDERS-2024: U.S – INDIA JOINT EXERCISE BOL
The arrival of the US Coast Guard Cutter Bertholf at Port Blair signals the commencement of ‘Sea Defenders-2024,’ a joint exercise between the United States Coast Guard (USCG) and the Indian Coast Guard (ICG). Scheduled for March 9-10, 2024, this drill reflects the deepening strategic ties between the two nations and aims to enhance maritime safety and uphold a rules-based order in the Indo-Pacific region.
Fusion of Expertise and Capabilities
- Simulated Scenarios: The exercise encompasses a variety of maritime threats, including piracy, asymmetric drone attacks, search and rescue missions, firefighting drills, pollution response, drug interdiction, and medical evacuations.
- Operational Synergy: Through diverse exercises, ‘Sea Defenders-2024’ aims to elevate readiness levels and operational synergy between the USCG and ICG, ensuring effective collaboration in confronting maritime challenges.
Evolution of Partnership
- High-level Interactions: Regular high-level interactions and cooperative endeavors in training and operational exercises have fostered mutual understanding and strengthened the partnership between the ICG and USCG.
- Previous Engagements: The visit of the USCG Ship Midgett to Chennai in September 2022 symbolizes the commitment to enhance maritime cooperation between India and the United States.
Indian Coast Guard: Safeguarding Maritime Interests
- Multi-Mission Entity: The Indian Coast Guard, under the command of the Director General of the Indian Coast Guard (DGICG), operates year-round to safeguard India’s maritime interests.
- Organizational Structure: Structured into five regional commands, each overseen by an Inspector General, the ICG demonstrates a broad spectrum of capabilities in surface and air operations.
Promoting Global Maritime Security
- Importance of Collaboration: ‘Sea Defenders-2024’ underscores the significance of international collaboration in addressing maritime threats and promoting stability in the Indo-Pacific waters.
- Vision for Security: By combining efforts, India and the United States contribute to a peaceful, secure, and rules-based maritime domain, emphasizing their commitment to global maritime security.
RBI AND BANK INDONESIA SIGN MOU TO PROMOTE LOCAL C
The Reserve Bank of India (RBI) and Bank Indonesia (BI) have inked a Memorandum of Understanding (MoU) aimed at bolstering the utilization of local currencies – the Indian Rupee (INR) and the Indonesian Rupiah (IDR) – for cross-border transactions.
Key Points
1. Objective of the MoU: The MoU, signed in Mumbai by RBI Governor Shaktikanta Das and Bank Indonesia Governor Perry Warjiyo, establishes a framework to foster the use of INR and IDR in cross-border transactions.
2. Promoting Bilateral Trade: By facilitating transactions in local currencies, the collaboration seeks to enhance trade between India and Indonesia, fostering deeper financial integration and reinforcing the longstanding economic ties between the two nations.
3. Scope of the MoU: Covering all current account transactions, permissible capital account transactions, and other economic and financial transactions mutually agreed upon, the MoU provides a comprehensive framework for cooperation.
4. Benefits for Exporters and Importers: The framework enables exporters and importers to invoice and settle transactions in their domestic currencies, leading to the development of an INR-IDR foreign exchange market and optimizing costs and settlement times.
SWEDEN JOINS NATO, ENDS DECADES NEUTRAL STANCE
Sweden formally became the 32nd member of NATO after completing its accession process in Washington. This decision comes two years after Sweden’s application, triggered by Russia’s full-scale invasion of Ukraine, highlighting concerns about regional security.
Sweden’s Strategic Shift
- From Neutrality to Alliance: After more than 200 years of neutrality and avoidance of military alliances, Sweden’s decision marks a significant departure. This move signifies a shift towards aligning with NATO’s collective security framework.
- Response to Russian Threat: The invasion of Ukraine in 2022 prompted Sweden, along with neighboring Finland, to seek NATO membership as a response to heightened concerns about Russian military aggression.
Challenges and Delays
- Turkish Objections: Initially, Turkey objected to Sweden’s membership citing concerns over alleged support to Kurdish separatists. However, the veto was lifted in January, clearing the path for Sweden’s accession.
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Hungarian Resistance: Hungary also delayed its approval, accusing Sweden of hostility. However, after negotiations and agreements, Hungary finally ratified Sweden’s bid, cementing its NATO membership.
32 member countries in NATO
- Albania
- Belgium
- Bulgaria
- Canada
- Croatia
- Czech Republic
- Denmark
- Estonia
- France
- Germany
- Greece
- Hungary
- Iceland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Montenegro
- Netherlands
- North Macedonia
- Norway
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Turkey
- United Kingdom
- United States
- Finland (joined in 2023)
- Sweden (joined in 2024)
INTERNATIONAL WOMEN’S DAY 2024: DATE, THEME, HISTO
International Women’s Day (IWD) is an annual global event celebrated on March 8th each year. It serves as a focal point for recognizing the social, economic, cultural, and political achievements of women worldwide. This year, like every year, the international community comes together to honor women’s contributions and to advocate for gender equality.
International Women’s Day 2024 – Date
- International Women’s Day 2024 falls on March 8th, marking a global celebration of women’s achievements and a call to action for gender equality. It serves as a reminder of the ongoing struggle for women’s rights and empowerment worldwide. This year’s theme, ‘Invest in Women: Accelerate Progress,‘ underscores the importance of economic empowerment in achieving gender equality.
International Women’s Day 2024 – Theme
- The United Nations has chosen the theme ‘Invest in Women: Accelerate Progress’ for International Women’s Day 2024. This theme underscores the critical importance of empowering women economically. By investing in women’s economic empowerment, societies can accelerate progress towards gender equality and foster inclusive growth. Economic empowerment not only benefits individual women but also strengthens families, communities, and economies as a whole.
International Women’s Day 2024 – History
- The origins of International Women’s Day can be traced back to the early 20th century. In 1909, the United States observed the first National Women’s Day, followed by a declaration by the Socialist Party of America. The push for women’s rights gained momentum, leading to Clara Zetkin’s proposal to establish an annual Women’s Day during the International Conference for Working Women in 1910.
The proposal received unanimous approval, leading to the first International Women’s Day being celebrated in 1911 across Austria, Denmark, Germany, and Switzerland. Since then, International Women’s Day has evolved into a global movement for gender equality and women’s rights.
Significance of International Women’s Day 2024
- International Women’s Day hold immense significance in the fight for gender equality and the advancement of women’s rights. It provides a platform to raise awareness about issues such as gender-based discrimination, violence against women, unequal access to education and healthcare, and the gender pay gap.
International Women’s Day serves as a reminder of the progress made towards gender equality while highlighting the work that still needs to be done. It celebrates the achievements of women in various fields and acknowledges their invaluable contributions to society.
Celebrating 6th Jan Aushadhi Diwas
Understanding Jan Aushadhi Diwas and Its Significance
- India observes Jan Aushadhi Diwas on 7th March every year, a day dedicated to raising awareness about the benefits and importance of generic medicines. This observance highlights the pivotal role of the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) in making healthcare affordable and accessible to all. Marking its 6th anniversary in 2024, Jan Aushadhi Diwas serves as a reminder of the government’s commitment to ensuring the well-being of its citizens.
The Genesis of Jan Aushadhi Diwas
- The inception of Jan Aushadhi Diwas traces back to 7th March 2019, when Prime Minister Narendra Modi announced the annual celebration of this day. This initiative was kick-started to advocate for the use of generic medicines, with the first observance taking place in 2019.
The Role of Pharmaceuticals & Medical Devices Bureau of India
- The Pharmaceuticals & Medical Devices Bureau of India (PMBI), under the Ministry of Chemicals & Fertilizers (MoC&F), spearheads the organization of Jan Aushadhi Diwas. It culminates the Jan Aushadhi Week, observed from 1st March to 7th March, emphasizing the criticality of generic medicines in the healthcare ecosystem.
Delving into the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP)
- The PMBJP, initiated during the 11th Five-Year Plan (2008-12), aims to dispense quality generic medicines at economical prices. The scheme, operational through government and private partnerships, involves the establishment of Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJKs) across India to sell generic medicines at costs significantly lower than their branded equivalents.
Achievements and Goals
- With a network of 10,000 Janaushadhi Kendras as of November 2023, the PMBJP boasts a product range that includes 1965 drugs and 293 surgical items. These products are available at prices 50%-90% lower than branded medicines. The government aims to expand this network to 10,500 Kendras by March 2025, further broadening access to affordable healthcare.
Quality Assurance and Standards
- The PMBJP ensures that all medicines meet stringent quality standards. Every drug procured under the scheme is tested at National Accreditation Board for Testing and Calibration Laboratories (NABL) accredited facilities and adheres to World Health Organization – Good Manufacturing Practices (WHO GMP) standards.
Generic Medicines: Equally Effective, More Accessible
- Generic medicines are defined as drugs that are chemically identical to their branded counterparts but are marketed under a non-proprietary name. These medications offer the same efficacy at a fraction of the cost, making them a vital component of affordable healthcare.
Ministry of Chemicals & Fertilizers: Steering India towards Health and Prosperity
- The Ministry, under the leadership of Union Minister Mansukh Mandaviya and Union Minister of State Bhagwanth Khuba, is at the forefront of India’s efforts to enhance healthcare affordability through initiatives like the PMBJP.
SOUTH EASTERN COALFIELD LIMITED’S GEVRA MINE SET T
South Eastern Coalfield Limited’s (SECL) Gevra mine, located in Chhattisgarh, is on the verge of becoming the largest coal mine in Asia. The mine recently received environmental clearance to enhance its production capacity to 70 million tons per annum, up from the existing 52.5 million tons. This expansion marks a pivotal moment not only for SECL but also for the nation’s energy sector, as India moves to bolster its coal production capabilities.
Accelerated Environmental Clearance
- The Ministry of Coal, in coordination with the Ministry of Environment, Forest, and Climate Change (MoEFCC), played a crucial role in fast-tracking the environmental clearance process. This expedited approval underscores the strategic importance of the Gevra mine as one of the mega projects under SECL’s umbrella, aiming to meet the escalating energy demands of the country.
Shri Prem Sagar Misha, CMD of SECL, hailed the clearance as a “historic milestone” and emphasized the vision of making Gevra not just the largest mine in Asia but in the world, equipped with state-of-the-art mining operations. This ambition reflects India’s broader objective to enhance its coal mining efficiency and productivity, aligning with global best practices.
Gratitude and Vision
- The SECL management extended their gratitude towards the Ministry of Coal for their unwavering support in securing the environmental clearance (EC) for the Gevra mine. This achievement is celebrated as a “historic day” for SECL and Chhattisgarh, positioning the state as the future site of Asia’s largest coal mine.
- Acknowledgment was also given to the MoEFCC for their swift action in granting the EC, alongside the contributions from various agencies at both the Centre and State levels, as well as the Government of Chhattisgarh.
About Gevra Mine
- Gevra, one of SECL’s flagship projects, has been a cornerstone in India’s coal mining industry for over four decades, contributing significantly to the nation’s energy security.
- With an impressive annual production of 52.5 million tons in the fiscal year 2022-23, Gevra has already established itself as the country’s largest coal mine. The mine spans approximately 10 kilometers in length and 4 kilometers in breadth.
- In its operations, Gevra employs eco-friendly, blast-free mining technologies such as Surface Miner and Ripper Mining. Additionally, it utilizes some of the highest capacity Heavy Earth Moving Machinery (HEMM), including 42 cubic meter shovels and 240-ton dumpers for overburden removal.
- The mine is also equipped with first-mile connectivity features, including a conveyor belt, silos, and a Rapid Loading System, facilitating swift and environmentally friendly coal evacuation.
KERALA WELCOMES ‘IRIS’ ITS FIRST GENERATIVE AI TEA
Kerala school has introduced Iris, a humanoid teacher, marking a significant milestone in the realm of educational technology. Developed in collaboration with Makerlabs Edutech Private Limited, Iris represents a pioneering effort to make learning more interactive, engaging, and accessible.
A Futuristic Approach to Education
- Located in Thiruvananthapuram, KTCT Higher Secondary School, under the aegis of Kaduvayil Thangal Charitable Trust, has become the first educational institution in Kerala to employ an AI-powered teacher. This initiative stems from the Atal Tinkering Lab (ATL) project by NITI Aayog, launched in 2021 to enhance extracurricular activities in schools across India.
Iris is designed to be more than just a robotic presence in the classroom; it is a generative AI entity capable of conducting interactive learning sessions. With the ability to communicate in three languages, Iris can tackle a wide array of questions, making it a versatile and invaluable educational tool.
The Capabilities of Iris
- The humanoid boasts a range of features aimed at revolutionizing the way students interact with educational content. These include:
Multi-language Communication: Iris can interact in three different languages, offering a more inclusive and accessible learning experience for students of diverse linguistic backgrounds.
Voice Assistance and Interactive Learning: Equipped with voice assistant capabilities, Iris can guide students through lessons, answer queries, and engage in educational dialogues.
Manipulation and Mobility: Iris comes with manipulation capabilities and is mobile, thanks to its wheeled base, allowing it to navigate classroom spaces effectively.
Technology Integration: At its core, Iris integrates robotics with generative AI, powered by a dedicated Intel processor and a coprocessor. This setup enables the humanoid to perform a wide range of teaching tasks.
User-Friendly Interface: An Android app interface allows users to interact with Iris effortlessly, facilitating a customized learning experience that can adapt to the individual needs of students.
The Impact on Education
- The introduction of Iris in the educational landscape of Kerala signifies a forward-thinking approach to teaching and learning. By harnessing the power of AI, KTCT Higher Secondary School aims to create a more engaging and effective educational environment. The humanoid teacher stands as a testament to the potential of AI in transforming traditional educational methodologies, making learning not just more enjoyable but also more impactful.
Iris’s deployment underscores the growing influence of AI across various sectors, including education. It highlights how technological advancements can be leveraged to enrich learning experiences, making education more interactive and adaptive to the needs of the digital age.
INDIA’S UNEMPLOYMENT RATE DROPS TO 3.1% IN 2023
In 2023, India witnessed a significant decline in its unemployment rate, reaching 3.1%, marking the lowest figure in the past three years. This notable drop is attributed to several factors, including the recovery from the COVID-19 pandemic and increased economic activity following the relaxation of lockdown measures.
Key Findings from the Periodic Labour Force Survey (PLFS) for 2023
- Overall Unemployment Rate: Decreased to 3.1% from 3.6% in 2022 and 4.2% in 2021.
- Gender Disparities: Unemployment rate among females declined to 3%, while for males it dropped to 3.2%.
- Urban vs. Rural Disparities: Urban unemployment rate decreased to 5.2%, rural rate dropped to 2.4%.
- Labour Force Participation Rate (LFPR) in Urban Areas: Increased to 56.2%, indicating greater engagement in economic activities.
- Impact of Economic Growth: The decline in unemployment coincided with an economic growth rate of 8.4% in the third quarter of 2023-24 fiscal year, driven by robust performances in manufacturing, mining & quarrying, and construction sectors.
Economic Growth Outlook
- Third Quarter Performance: Indian economy grew by 8.4% in Q3 of 2023-24 fiscal year, showcasing strength across various sectors.
- National Statistical Office (NSO) Estimates: NSO’s second advance estimate pegged the country’s growth at 7.6% for the entire fiscal year 2023-24, reflecting a positive trajectory from earlier projections.
YATIN BHASKAR DUGGAL WINS FIRST PRIZE IN NATIONAL
Yatin Bhaskar Duggal, a promising talent from Haryana, has emerged triumphant as the winner of the esteemed National Youth Parliament Festival, 2024. The announcement came during the conclusive session held in New Delhi, where Duggal was awarded the first prize for his exceptional performance.
Top Honors for Youth Excellence
- First Prize: Yatin Bhaskar Duggal (Haryana)
- Second Prize: Vaishna Pitchai (Tamil Nadu)
- Third Prize: Kanishka Sharma (Rajasthan)
The recognition of these talented individuals reflects the diversity and talent spread across the nation, with participants hailing from various states.
Vision for ‘Viksit Bharat’ by 2047
- Addressing the gathering, Lok Sabha Speaker Om Birla underscored the pivotal role of youth in realizing the vision of a developed India by 2047, coined as ‘Viksit Bharat.’ He emphasized the importance of youth’s innovative thinking and unwavering dedication towards nation-building.
India’s Progress Trajectory
- Union Minister Anurag Thakur commended the resolute voice of the youth, signifying the determination of India as a progressive nation. He highlighted India’s remarkable strides in various sectors, transitioning from a fragile economy to one of the top five globally.
Under the leadership of Prime Minister Narendra Modi, India has witnessed significant socio-economic transformations, lifting millions out of poverty and transitioning into a net exporter.
Embracing Technology and Heritage
- Mr. Thakur stressed the positive utilization of technology and the preservation of India’s rich cultural heritage amidst the modernization wave. He urged the youth to leverage platforms like YouTube to disseminate government policies effectively, especially in vernacular languages, thereby ensuring inclusive development.
Building Strong Leadership and Networks
- The Minister urged the youth to adopt team-led leadership approaches and emphasized the significance of networking in personal and professional growth. He reiterated that the connections established today would determine the individuals’ net worth in life.
India Introduces Chakshu: Report Fraud Calls & Tex
In a significant stride towards bolstering cyber-security measures and enhancing citizen empowerment, the Department of Telecommunications (DoT) recently unveiled the Digital Intelligence Platform (DIP) alongside the ‘Chakshu’ facility on the Sanchar Saathi portal. This initiative aims to foster collaboration among stakeholders to combat the misuse of telecom resources in cyber-crime and financial frauds.
Key Details of ‘Chakshu’ Facility:
- Purpose: ‘Chakshu’ is a citizen-centric facility introduced on the Sanchar Saathi portal by the Department of Telecommunications (DoT). It aims to empower individuals to report suspected fraud communications received via various channels, including calls, SMS, or WhatsApp.
- Fraud Types: Citizens can utilize ‘Chakshu’ to report various types of fraudulent activities, such as KYC-related frauds, impersonation as government officials or relatives for financial gain, sextortion, and other forms of communication aimed at defrauding individuals.
- Ease of Reporting: The facility simplifies the process of reporting suspected fraud communications, enabling citizens to take proactive measures to combat fraudulent activities. By providing a user-friendly interface on the Sanchar Saathi portal, ‘Chakshu’ encourages swift and efficient reporting.
- Accessibility: ‘Chakshu’ is readily accessible to citizens through the Sanchar Saathi portal (https://sancharsaathi.gov.in), ensuring that individuals can easily report fraudulent communications and contribute to efforts in curbing cyber-crime and financial frauds.
- Collaborative Approach: By leveraging citizen participation, ‘Chakshu’ facilitates collaboration between the public and relevant authorities, including law enforcement agencies, telecom service providers, and other stakeholders. This collaborative approach enhances the effectiveness of efforts to combat fraudulent activities.
- Proactive Measures: Through ‘Chakshu,’ citizens can play an active role in safeguarding themselves and others from falling victim to fraud schemes. By promptly reporting suspicious communications, individuals can help prevent financial losses and protect the integrity of the communication network.
- Integration with Other Initiatives: ‘Chakshu’ is seamlessly integrated into the broader framework of initiatives undertaken by the DoT to enhance cyber-security and protect citizens from fraudulent activities. It complements existing tools and platforms, further strengthening the nation’s cyber-resilience.
- Awareness and Education: In addition to facilitating reporting, ‘Chakshu’ contributes to raising awareness and educating citizens about the various forms of fraud prevalent in the digital landscape. By empowering individuals with knowledge and resources, the facility promotes a culture of cyber-awareness and vigilance.
Overall, the introduction of the ‘Chakshu’ facility underscores the DoT’s commitment to empowering citizens and fostering a secure digital ecosystem. By encouraging active participation and collaboration, ‘Chakshu’ reinforces efforts to combat cyber-crime and protect the interests of every citizen.
India’s February Services PMI: Growth Eases to 60.
In February, India’s service sector sustained its growth trajectory, supported by positive demand trends. However, there was a slight moderation in growth compared to January, with the Purchasing Managers’ Index (PMI) dropping to 60.6 from 61.8. Despite this decline, the sector remained well above the neutral mark of 50.0, indicating a sharp rate of expansion.
1. Headline PMI Figure
- The Purchasing Managers’ Index (PMI) for India’s services sector dropped to 60.6 in February from January’s six-month high of 61.8.
- Despite the decline, the index remained comfortably above the neutral mark of 50.0, indicating a sharp rate of expansion well above historical averages.
2. Business Activity
- Business activity expanded across all sectors, with Finance & Insurance leading the growth while Real Estate & Business Services showed the slowest rise.
3. Employment Growth
- Companies created jobs driven by rising workloads, although employment growth was dampened by easing capacity pressures and lower confidence towards the outlook.
4. New Orders and Output
- Growth in new orders and output slowed in the services sector, contributing to the overall decline in the headline PMI figure.
- Despite the slowdown, both metrics remained above the long-run average, indicating sustained demand.
5. International Sales
- New business from abroad continued to rise for the thirteenth consecutive month, with gains reported from various regions including Australia, Asia, Europe, the Americas, and the UAE.
- International sales expanded at a solid rate, marking one of the best performances in the series history.
6. Composite PMI Output Index
- The HSBC India Composite PMI Output Index, which includes both manufacturing and services, slipped from 61.2 in January to 60.6 in February.
- Private sector output continued to expand at a sharp rate, with growth in sales remaining strong despite some softening since January.
After JP Morgan, Bloomberg to Include Indian Bonds
Bloomberg has announced the inclusion of India’s Fully Accessible Route (FAR) bonds in its Emerging Market (EM) Local Currency Government Index and related indices, with a phased approach over ten months starting January 31, 2025. This follows JP Morgan’s similar move earlier, signaling increased foreign investment potential in Indian government securities.
Phased Inclusion Process
- Bloomberg will phase in the inclusion of FAR bonds over a ten-month period, starting January 31, 2025.
- Weight of FAR bonds will increase in increments of 10% of their full market value each month until October 2025 when they will be fully weighted.
Indices Included
- FAR bonds will be included in indices such as the Bloomberg EM Local Currency Government Index and the Bloomberg EM Local Currency Government Index 10% Country Capped Index, along with related sub-indices.
- This move aims to attract significant foreign investment into the Indian government securities market.
Market Impact and Expectations
- Inclusion of FAR bonds could potentially lead to a decline in Indian bond yields and strengthen the rupee.
- India is expected to join China and South Korea in reaching the 10% cap within the Bloomberg Emerging Market 10% Country Capped Index.
- India is projected to become the third-largest country, by market cap, within the index, after China and South Korea.
Stakeholder Perspectives
- Bloomberg Indices’ decision follows consultation with market participants and stakeholders.
- Nick Gendron, Global Head of Fixed Income Index Product at Bloomberg Index Services Limited (BISL), highlights increased access to and participation in Indian markets.
TIGER WOODS HONORED WITH USGA’S PRESTIGIOUS BOB JO
Legendary golfer Tiger Woods has been selected to receive the Bob Jones Award, the highest honour bestowed by the United States Golf Association (USGA). This prestigious award recognizes Woods’ dedication to sportsmanship, his respect for the traditions of the game, and his significant charitable endeavors.
A Champion On and Off the Course
While Woods is widely celebrated for his on-course achievements – including 15 major championships and 82 PGA Tour victories – the Bob Jones Award acknowledges a more holistic view of his impact on the sport.
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Sportsmanship and Tradition: Woods’ commitment to fair play and respect for the game mirrors the values embodied by Bob Jones himself, a nine-time USGA champion and one of golf’s most respected figures.
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Philanthropic Impact: Off the course, Woods’ foundation, the TGR Foundation (originally founded with his father, Earl), provides educational opportunities and STEM-based learning for students. He has also established a golf course design firm.
A Legacy of Triumph
- Woods’ journey in golf is a remarkable story of perseverance and triumph. From his rise as a junior phenomenon to his dominance as a professional, Woods has consistently overcome challenges with tenacity, mental strength, and unwavering dedication. He continues to inspire a new generation of golfers while staying true to the spirit of the game.
Following in the Footsteps of Greats
- Woods joins an esteemed list of past Bob Jones Award recipients, including golfing legends Arnold Palmer, Jack Nicklaus, Mickey Wright, and Ben Hogan, along with former President George H.W. Bush.
Award Ceremony at the US Open
- The Bob Jones Award will be formally presented to Woods on June 12th during the week of the U.S. Open held at Pinehurst Resort’s famed Course No. 2 in North Carolina.
BIMSTEC FACULTIES EXCHANGE PROGRAMME IN DHAKA AIMS
A five-day exchange programme for faculty members of foreign service academies within the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) member states has commenced in Dhaka, marking the first of its kind.
Purpose
- The programme aims to facilitate dialogue and collaboration among diplomats of BIMSTEC member countries to propose strategies for enhancing mutual cooperation among the region’s Foreign Service training institutions.
Participants
- Thirteen faculty members from Foreign Service academies representing seven BIMSTEC countries are actively engaging in the exchange programme.
Background
- BIMSTEC comprises seven South Asian and Southeast Asian nations – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand – all geographically connected to the Bay of Bengal, fostering regional cooperation in various sectors.
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