DAILY GK 21 DEC 2024
1. T+0
SETTLEMENT CYCLE FOR TOP 500 STOCKS
·
The Securities and Exchange Board of
India (SEBI) issued which empowers the SEBI to protect investor interests,
regulate the securities market, and promote its development.
·
Through
this circular, SEBI has decided to
expand the scope of the optional T+0 rolling settlement cycle in the equity
cash market.
·
As per
SEBI’s directions, optional T+0
settlement cycle will be made available to top 500 scrips in terms of
market capitalization as on December 31, 2024.
·
For
the initial phase, the eligible scrips will be made available for ‘T+0’ settlement starting with scrips
at bottom 100 companies every month till top 500 companies are available
for trading.
·
Stock Exchanges will
introduce a mechanism for Block Deal
window under the optional ‘T+0’ settlement cycle, this mechanism will be available only for the morning session
during 8:45 am to 9:00 am.
2.
SEBI MANDATED MF COMPANIES
TO PROCESS CANCELLATIONS OF SIP IN 2 DAYS
·
The Securities and Exchange Board of
India (SEBI) has mandated to all Mutual Fund (MF)
companies to reduce the processing time for cancelling their Systematic Investment Plans (SIPs) to 2 working days
from the previous 10 working days.
·
As per the new norms, it is now mandatory for
all Asset Management Companies (AMCs) to
adhere to the two–day time frame for the
cancellation of SIP, irrespective of
whether SIP was registered online or offline.
3.
RBI CANCELS REGISTRATION
OF ZAVRON FINANCE DUE TO NON-COMPLIANCE
·
The Reserve Bank of India (RBI) in
exercise of powers conferred by Section 45-IA (6) of the RBI Act, 1934,
has cancelled the Certificate of Registration (CoR)
of Zavron Finance Private Limited, a non-banking financial institution (NBFI) based in Nagpur, Maharashtra.
·
This action was taken due to its irregular
lending practices and serious breaches of RBI guidelines on digital lending.
·
Zavron Finance Limited outsourced key
operations like credit appraisal, loan disbursal, interest rate
determination, and Know Your Customer (KYC) verification to third-party Lending
Service Providers (LSPs), violating RBI’s outsourcing code of conduct.
4.
INDIA’S FOREIGN DIRECT INVESTMENT INFLOWS HIT
USD 1 TRILLION
·
As per data released by Department
for Promotion of Industry and Internal Trade (DPIIT) in December
2024 ,India reached a significant economic milestone with
gross Foreign Direct Investment (FDI) inflows totaling USD 1
trillion since April 2000.
·
In the first
half of the current Financial Year 2024-25 (FY25), FDI increased by about 26% to USD 42.1 billion.
·
FDI inflows totalled USD 709.84
billion over the last ten years (April 2014 to September 2024), which
represents 68.69% of all FDI inflows over the past 24 years.
·
Mauritius topped FDI
inflows at 25%, followed by Singapore in second place with
24%.
·
In the Global Innovation Index 2023,
India ranked 40th out of 132 economies, securing 48th position among
the top 50 most innovative countries.
5. INTERNATIONAL
DAY OF NEUTRALITY 2024 – DECEMBER 12
·
The United Nations (UN)’s International
Day of Neutrality (IDN) is annually observed across the globe
on 12th December to raise awareness about the value of neutrality in relations
between countries and to promote global peace and security.
·
Article 2 of the
UN Charter requires member states to resolve international conflicts peacefully
and avoid threatening or using force.
·
Neutrality
is the legal status that occurs when a state chooses not to take
part in any war between other countries.
·
UN Secretary general–
António Guterres
·
Establishment –
1945
·
Headquarters –
New York
6. INTERNATIONAL
UNIVERSAL HEALTH COVERAGE DAY 2024 – DECEMBER 12
·
The
United Nations (UN) International Universal
Health Coverage (UHC) Day is annually
observed worldwide on 12 December to raise awareness
of the need for strong and resilient health systems and universal health
coverage.
·
The
International UHC 2024 theme
is “Health: It’s on the government”.
·
India is dedicated to achieving Universal Health Coverage (UHC) by 2030, a
global target under the 2030 Sustainable
Development Goals (SDGs).
7. NATIONAL
ENERGY CONSERVATION DAY 2024 – DECEMBER 14
·
·
NECD is
promoted by the Bureau of Energy Efficiency (BEE) under
the Ministry of Power (MoP).
8. 53RD
VIJAY DIWAS – 16 DECEMBER
·
·
The day
commemorates the formal surrender of
the Pakistani Armed Forces to the
joint Indian and Mukti Bahini (Bangladesh
liberation forces) in Dhaka (Bangladesh) during the Bangladesh Liberation War
in 1971.
9.
INTERNATIONAL MIGRANTS DAY 2024 – DECEMBER 18
·
The United Nations (UN)’s International
Migrants Day is annually observed across the globe on 18th December focusing
on the significant contributions migrants make to societies worldwide.
·
The
theme of International Migrants Day 2024 is “Honouring the
Contributions of Migrants and Respecting Their Rights”.
·
International Organization for Migration
(IOM) Headquarters- Geneva, Switzerland
·
Established- 1951
10.
NATIONAL MINORITY RIGHTS DAY 2024 – DECEMBER
18
·
National Minority Rights Day,
also known as Minorities Day, is annually observed across India on 18th
December to create awareness about the constitutionally assured rights
of religious minorities.
·
The
theme for Minorities Rights Day 2024 is “Promoting
Diversity and Protecting Rights”.
11. BOOK
TIPU SULTAN- THE SAGA OF THE MYSORE INTERREGNUM
·
External Affairs Minister Dr S
Jaishankar released book ‘Tipu Sultan-The Saga of the
Mysore Interregnum’ at the Indian Habitat Centre in New Delhi
·
Book is written by Vikram Sampath
12.
TIME MAGAZINE ‘PERSON OF THE
YEAR’ 2024
·
New York (the United States of America (USA))–based TIME magazine
has named US President-elect Donald Trump as its
Person of the Year for 2024, recognising
his deep influence on American politics and the country’s role in the world.
·
He was
previously named TIME’s Person of the
Year in 2016 following his 1st victory in the US Presidential elections at
the time.
·
Caitlin
Clark (22 years-old), American basketball player has
been named as the TIME Magazine’s
Athlete of the Year for 2024.
·
Lisa Tzwu-Fang
Su, CEO and Chair of Advanced Micro Devices Inc.(AMD), a
semiconductor design company has been named as the TIME Magazine’s CEO of the Year for 2024.
13.
ZAKIR HUSSAIN PASSED AWAY
·
Renowned Indian tabla player & Padma
Awardee Zakir Hussain Allaraka Qureshi passed away at
the age of 73 in California, the United States of America
(USA).
·
He was born on March 9, 1951 in Mumbai,
Maharashtra.
·
Zakir Hussain, a 4 time Grammy
award winner, has received the Padma Vibhushan (2023), the
Padma Bhushan (2002) and the Padma Shri (1988).
·
His collaborations with Western musicians like Mickey Hart of the Grateful Dead, on the
album ‘Planet Drum’, became landmark
moments in the world of fusion music.
·
Planet Drum went on to win
the 1st-ever Grammy for ‘Best World Music Album’ in 1992,
setting the stage for Zakir Hussain’s global recognition.
14. RAJ MANCHANDA PASSED
AWAY
·
Indian Squash Player ‘Raj Manchanda’ also
known as ‘the Old Fox’ passed away at the age of 79
in New Delhi.
·
He
received the ‘Best Service Sportsman Award in 1981 and was awarded India’s
second-highest sports honor Arjuna Award in
1983 for his contributions to the sport.
