DAILY GK 28-30 NOV 2024
1.
IBSF
WORLD BILLIARDS CHAMPIONSHIP 2024
·
Indian
cueist PankajAdvani won
the International Billiards & Snooker Federation (IBSF) World Billiards Championship 2024
(150-up format) title by defeating England’s Robert Hall 4-2 in Doha, Qatar.
·
This marks his historic 28th World title and
also his 7th consecutive World title.
2.
LAS
VEGAS GRAND PRIX 2024
·
Mercedes’ racer George Russell (UK)) won the 2024 Las Vegas Grand Prix(GP)
held o in Nevada, the United States of America (USA).
·
Mercedes’ Lewis
Hamilton (Britain) finished 2nd and Ferrari’s Carlos Sainz Jr. (Spain)
finished 3rd .
3.
F1
DRIVERS’ CHAMPIONSHIP
·
Red Bull’s Max
Verstappen, the Dutch and Belgian racing driver, secured
his 4th consecutive
Formula One (F1) Drivers’ Championship after his 5th place
finish at the Las Vegas GP 2024.
·
He leads the F1 2024 Driver Standings with 403 points
followed by McLaren Mercedes’ Lando Norris (Britain) with 340 points and
Ferrari’s Charles Leclerc (Monaco) with 319 points.
4.
WORLD
MILITARY CHAMPIONSHIPS
·
Indian wrestling, ReetikaHooda
clinched the gold medal in the women’s 76kg
category at the World Military Championships
·
ReetikaHooda becomes the second Indian woman to win gold
at the World Military Championships.
·
JyotiSihag
secured gold in the 55kg category
just a day earlier.
·
The World Military Championships, also known as the CISM Military World Games, have been held in
many cities around the world
5.
PLI
SCHEME FOR SENIOR EXECUTIVES OF PUBLIC SECTOR BANKS
·
The Ministry of Finance (MoF) has launched a revised Performance-Linked
Incentive (PLI)
scheme with an aim to reward and motivate employees for
significant value creation for various stakeholders.
·
The
previous PLI scheme was restricted only to Whole-Time Directors (WTDs)
– Managing Director (MD)
& Chief Executive Officers (CEOs)
and Executive Directors.
·
The revised scheme also applies to senior executives in
the rank of Chief Manager and above.
·
This revision will reduce the existing wide compensation
disparity between senior executives of Public Sector Banks (PSBs) and private sector banks (PvSBs).
6.
RBI
CANCELS LICENCE OF THE DURGA CO-OPERATIVE URBAN BANK
·
The Reserve Bank
of India (RBI) has
cancelled the licence of the Durga Cooperative
Urban Bank Limited, Vijayawada,
Andhra Pradesh (AP) that had been
operational for 95 years.
·
This decision follows the bank’s failure to meet regulatory capital requirements
and operational standards outlined in the Banking Regulation Act, 1949.
·
Depositors are
eligible for compensation up to Rs
5 lakh from the Deposit Insurance and Credit Guarantee
Corporation (DICGC).
7.
RBI
DATA: ECBS NET INFLOWS RISE TO USD 7.9 BILLION IN H1FY25
·
According to the Reserve Bank of India (RBI)’
November monthly bulletin data the net inflows through External Commercial Borrowings (ECBs) has increased from USD 6.8 billion in 1st Half (H1: April-September) of Financial
Year 2023-24 (FY24) to
USD 7.9 billion in H1FY25.
·
According to the RBI’s data, outward remittances under
the Liberlised Remittance Scheme (LRS)
of the RBI declined by 14.88% Year-on-Year
(Y-o-Y) during the H1FY25, mainly attributed by decrease across major segments.
·
Remittances for the maintenance of close relatives
decreased significantly by 37.17% Y-o-Y to USD 1.92 billion from
USD 3.05 billion.
·
As per the RBI’s
data, Gross Foreign Direct Investment (FDI) in India has increased by 25.7% Y-o-Y, from USD
33.5 billion (in H1FY24) to USD
42.1 billion (H1FY25).
8.
RBI
AND MMA SIGNED MOU TO BOOST CROSS-BORDER TRANSACTIONS
·
The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) signed a
Memorandum of Understanding (MoU) for
establishing a framework to promote the use of local currencies i.e. the Indian
Rupee (INR) and
the Maldvian Rufiyaa (MVR) for
cross-border transactions.
·
The agreement was signed by Shaktikanta Das,
Governor of RBI and Ahmed Munawar,
Governor of MMA in Mumbai, Maharashtra.
·
The MoU aims to boost the use of INR and
MVR in current account
transactions, permissible capital account transactions and any other economic
and financial transactions as agreed upon by both nations.
·
The MoU would allow the exporters and
importers to invoice and settle
in their respective local currencies, which in turn would enable the
development of trading in the INR-MVR pair in foreign exchange market.
·
The Use of local
currencies in bilateral transactions will
help to promote trade between India and Maldives as well as deepen financial
integration and bolster the economic relations between both nations.
·
Maldives
President- Mohamed
Muizzu
·
Capital- Male
·
Currency- Maldvian Rufiyaa (MVR)
9.
SEBI
ABOLISHED 1% MANDATORY SECURITY DEPOSIT REQUIREMENTS IN PUBLIC ISSUES
·
The Securities and Exchange Board of India
(SEBI) issued a circular in which it abolished the earlier requirement mandating issuer companies to deposit 1% of
the public issue size with stock exchanges before launching a public
issue.
·
Earlier, any
company seeking to launch a public issue of equity shares has to deposit with
the stock exchanges an amount equal to 1% of the issue size.
·
SEBI initially introduced the 1% security deposit rule to ensure companies addressed
common investor complaints like refund delays, incorrect share allotments, and
issues with dispatching physical share certificates after public or rights
issues.
·
Now, with the implementation modern reforms ,most
post-issue concerns have been resolved, making the 1% security deposit
unnecessary.
·
Stock exchanges
are now required to establish a joint
Standard Operating Procedure (SOP) for the release of any 1% security
deposits for processing pending refunds of deposits made under the previous
framework.
·
It has directed
stock exchanges to notify all listed companies of the changes and publish the
circular on their respective web portals.
·
SEBI is the apex regulatory body for securities and commodity market in
India.
·
It was initially
established as non-statutory body in April 1988.
·
Later, SEBI was
accorded the status of statutory
body through SEBI Act, 1992 on 30th January, 1992.
·
Chairperson- Madhabi Puri Buch
·
Headquarters- Mumbai
10.
RBI
INCREASES UPI LITE AND UPI 123PAY LIMITS
·
Reserve Bank of India (RBI) announced an increase in the transaction limit for (Unified Payment
Interface) UPI123Pay and the UPI Lite wallet limit allowing users to make
higher value digital payments via mobile phones.
·
UPI
LITE is a new payment solution that leverages the trusted NPCI
Common Library (CL) application to process low
value transactions that have been set at below Rs 500.
·
UPI
123Pay allows feature phone users to make digital payments
without needing an internet connection.
·
It offers four methods for transactions such as IVR (Interactive Voice Response), Missed
calls, Original Equipment Manufacturer (OEM)-embedded apps,and Sound-based
technology all with the newly increased transaction
limits.
·
The NPCI has set a deadline of January 1, 2025 for banks,
public sector banks (PSBs), and service providers to fully implement these
changes.
·
Increased
Transaction Limit: The
maximum transaction limit for UPI 123Pay
has been increased from Rs 5,000 to Rs
10,000, allowing users to conduct higher-value transactions.
·
UPI
Lite wallets has been increased from ₹2,000 to ₹5,000, and the per
transaction limit for UPI Lite has been raised from ₹500 to ₹1,000.
·
Aadhaar (One
Time Password) OTP Authentication:
To bolster security, Aadhaar OTP authentication will be required for UPI
123Pay transactions.
·
Standardised Transaction
Tagging: A new
transaction purpose code (86) has
been introduced to improve tracking and reporting of UPI 123Pay transactions.
·
The
purpose code 86 is a new identifier for UPI 123Pay transactions
required for all transactions, while the previous code (31) is no longer
valid.
·
Enhanced
Initiation Methods: The system
will now support multiple initiation options, such as (Interactive Voice
Response)IVR calls, missed calls, feature phone apps, and sound-based
technology for greater accessibility.
·
UPI
Number Functionality: With
integration of the UPI numeric (Identity) ID mapper, users can now make payments
using UPI numbers.
·
Unified Payment
Interface (UPI) is
a real-time payment system that enables instant and secure money transfers
between bank accounts using mobile phones.
·
UPI was
officially launched on April
11 2016 by NPCI under the guidance of RBI.
·
Bhutan was
the first country
to adopt UPI in July 2021.
·
The countries that have also adopted UPI include
Singapore, United Arab Emirates (UAE), Oman, Saudi Arabia, Malaysia, France,
Netherlands and Nepal.
11.
WORLD
PHILOSOPHY DAY – NOVEMBER 21 2024
·
The United Nations Educational, Scientific and Cultural
Organization (UNESCO)’s
World Philosophy Day is annually observed across the globe on 3rd Thursday of
November to highlight the importance of enduring value of philosophy for the
development of human thought, for each culture and for each individual.
·
Philosophy
Day at UNESCO has been celebrated
every year since 2002, on the third
Thursday of November, under the UNESCO’s regular
programme.
12.
WORLD
TELEVISION DAY 2024 – NOVEMBER 21
·
United Nations (UN’s) World Television Day (WTD) is
annually observed across the globe on November 21 to acknowledge the
significant role and impact of television in our daily lives.
·
National Academy
of Television Arts and Sciences (NATAS)
awarded the inaugural “Excellence in Production Technology” Emmy to The Santa Clauses Season Two .
13.
WORLD
FISHERIES DAY 2024 – NOVEMBER 21
·
World Fisheries Day (WFD) is annually observed across the
globe on 21st November to
highlight the importance of sustainable fisheries and the need to protect
aquatic ecosystems and the livelihoods of fishing communities.
·
The
theme for this year is “India
Blue Transformation: Strengthening Small-scale and Sustainable Fisheries.”
·
On World
Fisheries Day 2024, progressive States, UTs, districts, and individuals were
recognized by the Department of Fisheries (DoF) and the Ministry of Fisheries
·
Kerala
washonored
with the Best Marine State award.
·
Telanganareceived
the award for the Best Inland State.
·
Uttarakhandwas
recognized as the Best Himalayan and
Northeast State.
·
Jammu
& Kashmir recognized as the Best
Union Territory.
14.
INTERNATIONAL
DAY FOR THE ELIMINATION OF VIOLENCE AGAINST WOMEN 2024 – NOVEMBER 25
·
The United Nations (UN) International Day for the Elimination of Violence against
Women is annually observed across the globe on 25 November to raise global
awareness about the issue of violence against women
·
25th November
2024 marks the 25th International
Day for the Elimination of Violence against Women.
15.
NATIONAL
MILK DAY 2024-NOVEMBER 26
·
This day marks the birth anniversary of Dr.Verghese Kurien, also known as the
Father of the White Revolution in India.
·
White
Revolution is also known as
Operation Flood.
·
This revolutionary program, launched in 1970 by the National Dairy Development Board (NDDB), aimed to increase the
production and supply of milk across India.
·
Under Dr.Kurien’s leadership, India transitioned from a milk-deficient country to the largest milk producer in the world.
