Daily Current Affairs September 07 2024 | Latest News | Download PDF

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CURRENT AFFAIRS : BANKING & FINANCE

Insurance Regulatory and Development Authority of India Issues Master Circular to Simplify Policyholder Protection Norms  

• The Insurance Regulatory and Development Authority of India (IRDAI) has issued a Master Circular to streamline norms on policyholder protection.
• The Master Circular replaces 30 previous circulars and consolidates them into a comprehensive document.
• The Master Circular on Protection of Policyholders’ Interests under the IRDAI (protection of policyholders’ interests, operations, and allied matters of insurers) Regulations, combines policyholder entitlements into a comprehensive reference document.
• Purpose of the Circular : It focuses on providing a seamless, faster, and hassle-free claims settlement experience and improving service standards in the insurance sector.

Key Highlights :

• Policyholder Information:Insurers must provide essential summaries of important information at various stages of an insurance contract, including pre-sale, proposal stage, upon receiving policy documents, during the policy term, and at the time of claim.
• Customer Information Sheet (CIS):Insurers are required to provide a CIS for all insurance segments, detailing key policy features, benefits, and exclusions.
• The proposal form and CIS must be available in regional languages upon customer request.
• Free Look Period:A 30-day free look period applies to both Life and Health insurance policies, allowing policyholders to review policy terms and conditions.
• No premium proposal deposit is needed for most policies, except where risk cover starts immediately on receipt of the premium.
• Search Tool and Suitability Assessment:Insurers must provide a search tool on their website to verify authorized distribution channels.
• An assessment of suitability is required for savings-related life insurance products and annuity products.
• Nominee Details Collection:Insurers must collect nominee details and bank account information at the proposal form stage for prompt claim settlement in the event of the policyholder’s death.
• Integration with Digilocker:Insurers are directed to enable IT systems to interact with Digilocker, allowing policyholders to use this service effectively.
• Turnaround Times:The circular specifies turnaround times for policy processing and claims settlement.
• Policyholders can search for unclaimed amounts on the Bima Bharosa website of IRDAI.
• Response to Complaints:The Master Circular addresses concerns related to mis-selling of policies.
• IRDAI’s FY23 annual report noted 124,293 grievances with life insurers (20% related to unfair practices) and 78,347 grievances with non-life insurers (66% related to claims).

About IRDAI : 

• Established : 1999
• Headquarters : Hyderabad, Telangana
• Chairperson : Debasish Panda
• The IRDAI is a statutory body under the jurisdiction of the Ministry of Finance (MoF), Government of India (GoI) and is tasked with regulating and licensing the insurance and reinsurance industries in India.

PNB Housing Finance to Raise ₹2,500 Crore Through Non-Convertible Debentures    

• PNB Housing Finance Limited’s (PNBHFL) Board of Directors will meet to approve the plan to raise up to ₹2,500 crore through Non-Convertible Debentures (NCDs).
• The NCDs will be issued on a private placement basis and in tranches over the next 6 months.

What are NCDs?

• Non-Convertible Debentures (NCDs) are a type of debt instrument used by companies to raise funds from the public or institutional investors.

Key Highlights :

• Impact on Share Price : The company’s shares increased by 5.4%, reaching a 52-week high of ₹1,109.9 during trading on the BSE, before closing at ₹1,037.80.
• Recent Trading Activity:PNB Housing has experienced several block deals involving its shares, with notable sellers including The Carlyle Group, General Atlantic Singapore, and Asia Opportunities V (Mauritius).

About PNB Housing Finance :

• Founded : 11 November 1988
• Headquarters : New Delhi, Delhi, India
• MD & CEO : Girish Kousgi
• PNB Housing Finance, promoted by Punjab National Bank, is among the leading providers of housing and non-housing loans in India.

Canara Bank Raises $300 Million by Issuing 5-Year Bonds via IFSC Banking Unit    

• Canara Bank has issued $300 million in 5-year bonds.
• The bonds were issued under the bank’s USD 3 billion Medium-Term Note (MTN) program through its IFSC Banking Unit.
• The 5-year bond is priced at T+125 basis points, with a semi-annual coupon rate of 4.896% and a maturity date of September 11, 2029.
• The proceeds from the bonds will be used by the issuer’s IFSC/GIFT banking unit for general corporate purposes.
• This includes meeting funding requirements and developing and expanding the issuer’s operations within the IFSC/GIFT banking unit or any other offshore branch of the issuer.
• Canara Bank has returned to the international bond market after a 5-year hiatus.
• The last benchmark bond, issued in 2019, was priced at T+170 basis points and matured on March 28, 2024.

About Canara Bank :

• Founded : 1906
• Headquarters : Bangalore, Karnataka, India
• MD & CEO : K Satyanarayana Raju
• Tagline : Together We Can

Bandhan Bank Teams Up with Ashok Leyland to Offer Vehicle Finance Solutions     

• Ashok Leyland, a commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Bandhan Bank.
• The partnership aims to provide customized financial solutions to Ashok Leyland customers.
• Bandhan Bank will offer end-to-end financial solutions, including vehicle loans.
• The loans will feature convenient monthly repayment plans tailored to customer preferences.
• The collaboration will focus on meeting customer needs by providing tailored financial support for purchasing Ashok Leyland vehicles.

About Ashok Leyland :

• Founded : 7 September 1948
• Headquarters : Chennai, Tamil Nadu, India

About Bandhan Bank :

• Founded : 23 August 2015
• Headquarters : Kolkata, West Bengal, India
• MD & CEO : Ratan Kumar Kesh
• Tagline : ‘Aapka Bhala. Sabki Bhalai. ‘, (Your benefit. Everyone’s welfare.)

Finance Ministry Eases Rules for Expenditures Over ₹500 Crore to Speed Up Capex    

• The Finance Ministry has relaxed norms for expenditures exceeding ₹500 crore to expedite capital expenditure (capex) for the current fiscal year.
• The capital expenditure target for the fiscal year is set at a record ₹11.11 lakh crore, reflecting an 11.1% increase from the previous target.
• The relaxation aims to boost government spending, which had slowed down due to the general elections.

Key Highlights :

• Previous Guidelines : Previously, amounts between ₹500 crore and ₹2,000 crore required detailed preparation for tracking expenditure and cash flow. Bulk expenditures over ₹2,000 crore were scheduled to align with direct tax receipts inflow in the second fortnight of the last month of each quarter.
• Current Changes:These timing and tracking conditions have been removed to facilitate faster expenditure.
• Financial Advisers’ Role:Financial Advisers will now review and freeze the timing of dividend receipts and other non-tax receipts for their respective ministries and departments.
• Dividend and Buyback Timing:Dividend payments and buyback considerations will be targeted for the first half of the financial year.

About Ministry of Finance :

• Cabinet Minister : Nirmala Sitharaman
• Minister of State : Pankaj Choudhary

Bank of India Introduces Special Fixed Deposit with Interest Rates Up to 7.9% for Limited Tenure     

• Public sector lender Bank of India has launched a special tenure fixed deposit scheme Star Dhan Vriddhi, offering an interest rate of up to 7.9% to senior citizens.
• Bank of India has revised its FD interest rates for amounts less than Rs 3 crore and also introduced a new special FD tenure of 333 days with higher rates.
• These rates are effective from September 1, 2024.
• Following the revision, the bank will offer FD interest rates ranging from 3% to 7.25% for tenures between 7 days and 10 years for general customers.
• This tenure offers the highest interest rates of 7.25% for general citizens, 7.75% for senior citizens, and 7.90% for super senior citizens.

About BoI :

• Founded : 7 September 1906
• Headquarters : Mumbai, Maharashtra
• MD & CEO : Rajneesh Karnatak
• Tagline : Relationship beyond banking

57% of Women Micro-Business Owners Unaware of UPI-Based Services: Report  

• The ‘UPI for Her’ initiative, a collaboration between the National Payments Corporation of India (NPCI) and Women’s World Banking (WWB), released its first report.
• The report highlights that women’s micro businesses are largely undiscovered by merchant aggregators.
• These micro businesses are often mature but operate in semi-urban and rural areas, making them less visible to merchant aggregators.

Key Findings:

• 57% of women micro-business owners are unaware of UPI-based offerings for merchants.
• 40% of women micro-business owners reported that no one reached out to them about these offerings.
• 7% of respondents felt their businesses were too small for UPI-based services.
• Underserved Market:The unaddressed customer base for UPI offerings among women micro-businesses is estimated to be between 16-20 million.
• Survey Details:The report includes a survey of 2,500 women merchants, conducted in partnership with MobiKwik and PhonePe, which tested UPI merchant offerings.
• Awareness Issues:About 15% of the women surveyed were unclear about payment charges and the next-day settlement feature provided by merchant aggregators.
• Market Size:There are approximately 16 million small women business owners in India, with 95% of them running micro businesses.

Nepal to introduce banknotes featuring disputed territories with India

• Nepal’s central bank, Nepal Rastra Bank, is set to introduce new banknotes featuring a revised map that includes disputed territories with India.
• The updated banknotes will display the areas of Kalapani, Lipulekh, and Limpiyadhura as part of Nepal’s territory.

Key Highlights :

• Printing Timeline:The process for printing the updated banknotes has been initiated, and the entire procedure is expected to be completed within 6 months to a year.
• Revised Map History:The revised map, including these disputed territories, was introduced by the Nepalese government under K P Sharma Oli in May 2020.
• Parliament Endorsement:The new map was formally endorsed by the Nepalese Parliament, replacing the previous version in official documents despite objections from India.
• Nepal-India Border:Nepal shares a border of over 1,850 km with five Indian states: Sikkim, West Bengal, Bihar, Uttar Pradesh, and Uttarakhand.

IndianOil and RBL Bank Introduce Co-Branded Credit Card   

• Indian Oil Corporation Limited (IndianOil) has launched a co-branded credit card in partnership with RBL Bank at the Global Fintech Fest (GFF) in Mumbai, Maharashtra.
• The credit card offers attractive rewards and benefits, including the ability to earn up to 250 litres of free petrol annually.
• Cardholders can manage their finances and fuel purchases through a single platform.
• Customers earn valuable reward points on every transaction made with the card

About RBL Bank (formerly known as Ratnakar Bank Limited) :

• Founded : 1943
• Headquarters : Mumbai, Maharashtra
• MD & CEO : R Subramaniakumar

Securities and Exchange Board of India Revises Alternative Investment Funds Regulations to Set Maximum Tenure Extension Limits for Large Value Funds    

• Markets regulator Securities and Exchange Board of India (SEBI) has amended alternative investment funds (AIF) norms specifying maximum permissible limit for extension of tenure by ‘Large Value Funds’.

Key Highlights :

• Extension of Tenure for Large Value Funds:Large Value Funds for accredited investors can extend their tenure by up to 5 years.
• This extension is subject to the approval of two-thirds of the unit holders by the value of their investment in the fund.
• Conditions for Extension:Any extension in the tenure of an existing scheme in a Large Value Fund must comply with conditions specified by SEBI.
• Purpose of the Amendment:The amendment aims to provide clarity to investors in Large Value Funds for Accredited Investors (LVFs) about their investment horizon.
• Definition of Large Value Fund (LVF):An LVF is an AIF or a scheme of an AIF where each investor is an accredited investor and invests at least ₹70 crore.
• This excludes the manager, sponsor, employees, or directors of the AIF or manager.
• Borrowing Flexibility for AIFs:Additionally, the SEBI has allowed Category I and II AIFs to borrow for a period of up to 30 days for the purpose of meeting temporary shortfall in drawdown from investors while making investments in a bid to facilitate ease of doing business and provide operational flexibility.

About SEBI :

• Established : 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992
• Headquarters : Mumbai, Maharashtra
• Chairman : Madhabi Puri Buch (first woman to lead the SEBI)
• SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance (MoF), GoI.

CURRENT AFFAIRS: NATIONAL NEWS

Union Minister Shri Jyotiraditya M Scindia inaugurates Department of Posts Officers’ Conclave 2024

• The Officers’ Conclave 2024, organized by the Department of Posts, was a crucial event to drive transformation and foster innovation within India’s vast postal network.
• With a rich legacy spanning over 150 years, India Post remains the backbone of communication in the country.
• The conclave represents a significant step towards redefining its role in the digital era.

Five Pillars of Transformation

The Minister outlined five key pillars that will guide the transformation of the Postal Department:

1. Lead to Inspire
2. Resolve to Innovate
3. Inclusive Growth
4. Transforming through Collective Action
5. Staying True to the Mission of Jan Sewa

These pillars focus on leadership, innovation, inclusivity, teamwork, and the core mission of public service.

Strategic Focus Areas of the Conclave

The Officers’ Conclave 2024 served as a platform for postal leaders from across the nation to strategize the future of India Post. The event focused on:

• Innovation and Transformation: Enhancing public service delivery in alignment with India’s digital and financial inclusion goals.
• Legislative Updates and Performance Reviews: Reviewing recent performance, budget achievements, and revenue growth.
• Citizen-Centric Services: Expanding services like Post Office Passport Seva Kendras, Aadhaar services, and Dak Ghar Niryat Kendras to empower local businesses and ensure greater financial inclusion.

Emphasis on PM Gatishakti National Master Plan

A key highlight of the conclave was the emphasis on the PM Gatishakti National Master Plan (NMP). The discussions showcased how India Post is leveraging this initiative to enhance infrastructure and operational efficiency.

Financial Services Expansion

The conclave also highlighted the department’s efforts in expanding financial services through:

• Post Office Savings Bank (POSB)
• India Post Payment Bank (IPPB)
• Insurance schemes like Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI)

NPS Vatsalya Scheme: A New Financial Initiative for Minors

• The NPS Vatsalya scheme, a long-anticipated initiative designed to secure the financial futures of minors, is set to launch within the next two weeks.
• This new scheme, introduced in the 2024-25 Budget, will be officially unveiled by Finance Minister Nirmala Sitharaman.

Key Details of NPS Vatsalya:

1. Scheme Overview:
   • NPS Vatsalya is a tailored version of the National Pension System (NPS) specifically for minors.
   • Parents or guardians can open an NPS account for their children and make regular contributions until the child turns 18.
   • Upon reaching adulthood, the account will convert into a regular NPS account, allowing the individual to manage their investments independently.
2. Investment Options:
   • The scheme will offer a range of investment options similar to traditional NPS, including equity, government securities, and corporate bonds.
   • Subscribers can choose between an automatic choice (which adjusts investments based on the subscriber’s age) or an active choice to manage investments themselves.
3. Benefits:
   • Long-term wealth creation potential through early contributions and the benefit of compounding.
   • The scheme supports partial withdrawals after three years, up to 25% of the contributed amount, for purposes such as education or medical treatment.
   • Upon turning 18, the minor can exit the scheme with 80% of the corpus invested in an annuity plan and the remaining 20% available as a lump sum.
4. Educational and Financial Literacy Goals:
   • The scheme aims to boost financial literacy by teaching minors about disciplined savings and investment habits.
   • It helps families understand the importance of long-term financial planning and wealth management.
5. System Growth:
   • As of August 2024, the overall NPS system has seen significant growth, with assets under management reaching ₹13 lakh crore.
   • NPS Vatsalya builds on this success by offering a dedicated savings vehicle for minors, reinforcing the government’s commitment to financial security across generations.

CURRENT AFFAIRS : INTERNATIONAL NEWS

United States, European Union, and United Kingdom to Sign 1st International Artificial Intelligence Treaty with Legal Binding    

• The Council of Europe Framework Convention on Artificial Intelligence and Human Rights, Democracy, and the Rule of Law is the first international treaty establishing legal rules for AI technology development and use.
• The treaty ensures that AI systems respect human rights and democratic values.
• The treaty was opened for signature at a Council of Europe justice ministers’ conference in Vilnius, Lithuania.
• Initial signatories include major global players: the United States (US), European Union (EU), United Kingdom (UK), and other countries like Andorra, Georgia, Iceland, Norway, Moldova, San Marino, and Israel.
• Countries involved in the treaty negotiations but not yet signatories include: Argentina, Australia, Canada, Costa Rica, the Vatican, Japan, Mexico, Peru, and Uruguay.
• This treaty follows closely after the EU’s Artificial Intelligence Act, which regulates AI use in “high-risk” sectors and ensures compliance with ethical and legal standards.

Key Highlights :

• Development and Adoption:The AI Convention was adopted in May following years of discussions involving 57 countries.
• It addresses the risks posed by AI while promoting responsible innovation.
• Focus on Human Rights:The Convention primarily emphasizes the protection of human rights for those affected by AI systems, distinguishing it from the EU’s AI Act, which focuses on regulations within the EU internal market.
• Distinct from the EU AI Act:The EU AI Act regulates the development, deployment, and use of AI systems within the EU.
• Council of Europe Background:The Council of Europe, founded in 1949, is an international organization distinct from the EU.
• It has 46 member countries, including all 27 EU member states.
• Formation and Negotiation:An ad hoc committee in 2019 began exploring the feasibility of an AI framework convention.
• In 2022, a Committee on Artificial Intelligence was formed to draft and negotiate the Convention’s text.

About US :

• President : Joe Biden
• Capital : Washington, D.C
• Currency : U.S. dollar

About EU :

• President of the European Council : Charles Michel
• President of the Commission : Ursula von der Leyen
• Membership : 27 Members

About UK :

• Prime Minister : Keir Starmer
• Capital : London
• Currency : Pound sterling

CURRENT AFFAIRS: BUSINESS NEWS

CoinSwitch Expands Services to Cater to High-Net-Worth Individuals and Institutional Investors

• India’s crypto exchange, CoinSwitch, has announced a strategic expansion of its services to focus on High Net Worth Individuals (HNIs) and institutional investors.
• Mumbai-based exchange introduced a new service to provide these clients with personalized investment advice, risk management solutions, and other financial services.
• This initiative comes at a time when crypto-related activities such as trading, investing, and holding are permitted in India under the government’s tax regime.

Key Points of CoinSwitch’s Expansion:

1. Personalized Services for HNIs and Institutions:
   • CoinSwitch is now offering tailored advisory services and detailed risk management for HNIs.
   • A dedicated section on the CoinSwitch website allows potential clients to submit their details, after which company executives will contact them to provide support.
   • Institutional investors will benefit from exclusive market access, account management, and professional tax assistance.
2. Influence of US Crypto ETFs:
   • According to Balaji Srihari, CoinSwitch’s Business Head, the recent approval of crypto exchange-traded funds (ETFs) in the US has fueled institutional interest in cryptocurrencies.
   • BlackRock’s Bitcoin ETF, launched in January 2024, has reportedly attracted inflows of $15 billion (approximately ₹1,30,178 crore).

CURRENT AFFAIRS: AWARDS AND HONOURS

National Teachers’ Awards 2024: Honoring Excellence in Education

• On September 5, 2024, in New Delhi, President Droupadi Murmu conferred the National Teachers’ Award 2024 to 82 exceptional educators across the country during the Teachers’ Day celebration.

About the National Teachers’ Award:

• Date of Ceremony: September 5, 2024
• Honoring: 82 teachers
• Purpose: To recognize and celebrate the significant contributions of teachers who have enhanced the quality of education and positively impacted their students’ lives.
• Award Details: Each recipient receives a certificate of merit, a cash award of ₹50,000, and a silver medal.

Selection Process and Demographics:

• Selection Authority: Department of School Education & Literacy, Ministry of Education
• Process: Teachers were selected through a rigorous and transparent three-stage process at the District, State, and National levels.
• Total Awardees: 50 teachers from 28 States, 3 Union Territories, and 6 Organizations
  • Gender Breakdown: 34 male, 16 female
  • Special Categories: 2 differently-abled and 1 working with Children with Special Needs (CWSN)
• Additional Awards:
  • 16 teachers from the Department of Higher Education
  • 16 teachers from the Ministry of Skill Development and Entrepreneurship

National Education Policy (NEP) 2020:

• Recognition: NEP 2020 acknowledges the importance of a motivated and capable faculty for the advancement of students and educational institutions.
• Incentives: Includes rewards and recognition to foster a culture of excellence in education.
• New Categories: In 2023, two new award categories were introduced for Higher Education Institutions (HEIs) and Polytechnics, expanding beyond the traditional focus on school teachers.
• Below is the list of Awardees from the Dept. of School Education & Literacy:

Sl. No.	Name of the Awardee	Designation	School Name & Address	State / UT of Org
1	AVINASHA SHARMA	LECTURER	GMSSSS NIT 3 FARIDABAD	HARYANA
2	SUNIL KUMAR	LECTURER	GSSS KHARGAT	HIMACHAL PRADESH
3	PANKAJ KUMAR GOYAL	TEACHER	GSSS GIRLS BARNALA	PUNJAB
4	RAJINDER SINGH	TEACHER	GOVERNMENT PRIMARY SCHOOL, KOTHE INDER SINGH WALE	PUNJAB
5	BALJINDER SINGH BRAR	VICE PRINCIPAL	GOVERNMENT SENIOR SECONDARY SCHOOL 4JJ	RAJASTHAN
6	HUKAM CHAND CHAUDHARY	TEACHER	GOVERNMENT SENIOR SECONDARY SCHOOL BSF BIKANER	RAJASTHAN
7	KUSUM LATA GARIYA	ACTING HEAD TEACHER	GOVERNMENT UPPER PRIMARY SCHOOL VEENA	UTTARAKHAND
8	CHANDRALEKHA DAMODAR MESTRI	TEACHER	SATYAWATI SOIRU ANGLE HIGHER SECONDARY SCHOOL, MASHEM LOLIEM	GOA
9	CHANDRESHKUMAR BHOLASHANKAR BORISAGAR	ACTING HEAD TEACHER	NAVI BADHADA (BADHADAPARA) PRIMARY SCHOOL, BADHADA	GUJARAT
10	VINAY SHASHIKANT PATEL	PRINCIPAL	R.F.PATEL HIGH SCHOOL, VADADLA	GUJARAT
11	MADHAV PRASAD PATEL	TEACHER	GOVT MIDDLE SCHOOL LIDHORA	MADHYA PRADESH
12	SUNITA GODHA	TEACHER	GOVT. HIGH SCHOOL, KHAJURIA SARANG	MADHYA PRADESH
13	K SHARDA	TEACHER	GOVT UPPER PRIMARY SCHOOL KHEDAMARA	CHHATTISGARH
14	NARASIMHA MURTHY H K	TEACHER	DAFFODILS ENGLISH SCHOOL, SANJAYNAGAR-19	KARNATAKA
15	DWITI CHANDRA SAHU	TEACHER	GOVT HIGH SCHOOL BILLESU	ODISHA
16	SANTOSH KUMAR KAR	TEACHER	JAYA DURGA HIGH SCHOOL, NARLA ROAD	ODISHA
17	ASHIS KUMAR ROY	TEACHER	SRI NARA SINGHA VIDYAPITH, ATHARAKHAI	WEST BENGAL
18	PRASANTA KUMAR MARIK	HEAD TEACHER	SHALBAGAN G S F P SCHOOL, 1 NO. GURDAHA	WEST BENGAL
19	DR URFANA AMIN	MASTER	BHSS SOURA	JAMMU AND KASHMIR
20	RAVI KANT DWIVEDI	HEAD TEACHER	PRIMARY SCHOOL BHAGESAR	UTTAR PRADESH
21	SHYAM PRAKASH MAURYA	TEACHER	UPPER PRIMARY SCHOOL MALHUPUR	UTTAR PRADESH
22	DR. MINAKSHI KUMARI	TEACHER	SHIV GANGA GIRLS PLUS 2 HIGH SCHOOL MADHUBANI	BIHAR
23	SIKENDRA KUMAR SUMAN	ACTING HEAD TEACHER	NEW PRIMARY SCHOOL TARAHANI	BIHAR
24	K SUMA	TEACHER	GMS DUGNABAD	A AND N ISLANDS
25	SUNITA GUPTA	LECTURER	JAWAHAR NAVODAYVIDYALAYA, DHAMANGAWN	MADHYA PRADESH
26	CHARU SHARMA	PRINCIPAL	DR RAJENDRA PRASAD KENDRIYA VIDYALAYA, NEW DELHI	DELHI
27	ASHOK SENGUPTA	TEACHER	PM SHRI KENDRIYA VIDYALAYA NO 1 JALAHALLI WEST, KAMAGONDANNAHALLI	KARNATAKA
28	H N GIRISH	LECTURER	GOVERNMENT PU COLLEGE FOR GIRLS NN0045 HUNSUR MYSURU 571105	KARNATAKA
29	NARAYANASWAMY R	HEAD TEACHER	GOVERNMENT HIGH SCHOOL BASHETTIHALLI	KARNATAKA
30	JYOTI PANKA	TEACHER	PM SHRI GOVERNMENT HIGHER SECONDARY SCHOOL LONGDING	ARUNACHAL PRADESH
31	LEPHIZO APON	TEACHER	GHSS DIMAPUR, UNITED COLONY WARD-20	NAGALAND
32	NANDITA CHONGTHAM	TEACHER	SAGOLBAND RISHIKUL UPPER PRIMARY SCHOOL, SAGOLBAND	MANIPUR
33	YANKILA LAMA	TEACHER	MODERN SENIOR SECONDARY SCHOOL, ARITHANG	SIKKIM
34	JOSEPH VANLALHRUAIA SAILO	LECTURER	SYNOD HIGHER SECONDARY SCHOOL, TUITHIANG VENG AIZAWL	MIZORAM
35	EVERLASTING PYNGROPE	PRINCIPAL	MYNGKEN CHRISTIAN HIGHER SECONDARY SCHOOL, BHOIRYMBONG	MEGHALAYA
36	DR. NANI GOPAL DEBNATH	TEACHER	NETAJI SUBHAS VIDYANIKETAN, NETAJI CHOUMUHANI	TRIPURA
37	DIPEN KHANIKAR	TEACHER	CHI CHIA BOKULONI GIRLS HIGH SCHOOL, NO3	ASSAM
38	DR. ASHA RANI	POST GRADUATE TEACHER	PLUS 2 HIGH SCHOOL CHANDANKIYARI BOKARO	JHARKHAND
39	JINU GEORGE	TEACHER	S.D.V.B.H.S.S, ALAPPUZHA	KERALA
40	K SIVAPRASAD	TEACHER	VPAUPS KUNDURKUNNU, THACHANATTUKARA	KERALA
41	MIDDE SRINIVASA RAO	TEACHER	S.P.S.MUNICIPAL HIGH SCHOOL PLUS, GUDIVADA	ANDHRA PRADESH
42	SURESH KUNATI	TEACHER	ZP HIGH SCHOOL URANDUR	ANDHRA PRADESH
43	PRABHAKAR REDDY PESARA	TEACHER	ZPSS THIRUMALAYAPALEM	TELANGANA
44	THADURI SAMPATH KUMAR	TEACHER	ZPHS DAMMANNAPET	TELANGANA
45	PALLAVI SHARMA	PRINCIPAL	MAMTA MODERN SR. SEC. SCHOOL, VIKASPURI	DELHI
46	CHARU MAINI	PRINCIPAL	DAV PUBLIC SCHOOL SECTOR 48-49, GURUGRAM	HARYANA
47	GOPINATH R	TEACHER	PANCHAYAT UNION MIDDLE SCHOOL – RAJAKUPPAM	TAMIL NADU
48	MURALIDHARAN RAMIYA SETHURAMAN	VOCATIONAL TEACHER	TVS HIGHER SECONDARY SCHOOL, MADURAI	TAMIL NADU
49	MANTAIAH CHINNI BEDKE	TEACHER	Z.P.UPEER PRIMZRY DIGITAL SCHOOL JAJAVANDI	MAHARASHTRA
50	SAGAR CHITTARANJAN BAGADE	TEACHER	SOU S. M. LOHIA HIGHSCHOOL AND JUNIOR COLLEGE KOLHAPUR	MAHARASHTRA

• Below is the list of Awardees from the Dept. of Higher education:

Sl. No.	Name of the Awardee	Designation	Name & Address of the Institute	State / UT of Org
1	Prof. Anitha Suseelan	Head	School of Architecture at Christ University, Bangalore	Karnataka
2	Prof. Birinchi Kumar Sarma	Professor	Institute of Agricultural Sciences, Banaras Hindu University, Varanasi	Uttar Pradesh
3	Dr. C. Jaya Sankar Babu	Associate Professor	Department of Hindi, Puducherry University	Puducherry
4	Dr. A. Gandhimathi	Lecturer	Department of English, Polytechnic College, Salem	Tamil Nadu
5	Prof. Kapil Ahuja	Professor	Department of Computer Science and Engineering, IIT Indore	Madhya Pradesh
6	Prof. S.R. Keshava	Professor	Department of Economics, Bangalore University	Karnataka
7	Dr. Nandavaram Mrudula Babu	Associate Professor & Head	Department of Telugu, Govt. Degree College for Women, Hyderabad	Telangana
8	Prof. Nidhi Jain	Professor	Department of Chemistry, Indian Institute of Technology Delhi	New Delhi
9	Prof. Nilabh Tiwari	Head	Department of Education, Central Sanskrit University	New Delhi
10	Prof. Parmar Ranjitkumar Khimjibhai	Head	Department of Electrical Engineering, Government Polytechnic, Junagadh	Gujarat
11	Prof. Shahanaz Ayub	Associate Professor	Department of Electronics & Communication Engineering, Bundelkhand Institute of Engineering & Technology, Jhansi	Uttar Pradesh
12	Prof. Shilpagauri Prasad	Associate Professor	Department of English, Pune District Education Association’s Prof. Ramkrishna More Arts, Commerce and Science College, Pune	Maharashtra
13	Dr. Shimi S.L.	Associate Professor	Electrical Engineering Department, Punjab Engineering College	Chandigarh
14	Prof. A.S. Smiline Girija	Head	Department of Microbiology, Centre for Infectious Diseases, Saveetha Dental College and Hospitals, Saveetha Institute of Medical and Technical Sciences, Saveetha University, Chennai	Tamil Nadu
15	Prof. Srinivas Hotha	Professor	Department of Chemistry, Indian Institute of Science Education and Research Pune	Maharashtra
16	Prof. Vinay Sharma	Professor	Department of Management Studies & Joint Professor with the Department of Design, IIT Roorkee	Uttarakhand

Below is the list of Awardees from the Ministry of Skill Development and Entrepreneurship

Sl. No.	Name of the Awardee	Name & Address of the Institute	State / UT of Org
1	Smt. Kadia Darshanaben Jishneshkumar	ITI, Dashrath	Gujarat
2	Shri Radhakrishnan PK	Govt. ITI, Kozhikode	Kerala
3	Shri Muhammad Akbar M	Govt. ITI, Koyilandy	Kerala
4	Shri Prashant Dixit	Govt. Divisional ITI Bhopal	Madhya Pradesh
5	Shri Tinku	Govt. ITI, Pusa	New Delhi
6	Shri Vivek Chandaliya	Govt. ITI, Kolhapur	Maharashtra
7	Ms. Natasha Oreste Carvalho	Govt. ITI, Mapusa	Goa
8	Smt. Premlata Rahangdale	Govt. Divisional ITI Bhopal	Madhya Pradesh
9	Shri Shivalingaiah K.J.	Govt. ITI, Mysuru	Karnataka
10	Shri Utpal Saikia	North East Skill Centre Guwahati	Assam
11	Shri Vijay Ganapati Chari	Govt. ITI Cacora	Goa
12	Ms. Sarita Devi	Govt. ITI Shamshi	Himachal Pradesh
13	Shri Jitendra Jangir	NSTI, Patna	Bihar
14	Smt. B Pauvlin Priya	NSTI, Chennai	Tamil Nadu
15	Dr. Jyoti Jain	MSME Firozabad	Uttar Pradesh
16	Smt. Vanamala Swapna	National Institute for MEME Hyderabad	Telangana

REC Ltd. Honored as “Nodal Agency of the Year” at Bharat Electricity – Powering India Awards 2024

• REC Ltd has been awarded the prestigious “Nodal Agency of the Year” title at the Bharat Electricity – Powering India Awards 2024.
• This accolade highlights REC’s significant contributions and leadership in the energy sector, particularly in advancing India’s power infrastructure.

Key Highlights:

• Award Presentation: The award was presented during the PowerGen India & Indian Utility Week 2024, a premier event that gathers industry leaders, policymakers, and energy experts.
• Recipient: Prabhat Kumar Singh, Executive Director (RDSS), accepted the award on behalf of REC Ltd, underscoring the company’s dedication to excellence in the energy sector.
• Significant Contributions: REC has been instrumental in implementing crucial government programs, such as the Revamped Distribution Sector Scheme (RDSS), aimed at modernizing India’s power sector and extending electricity access to remote areas.

About the Award:

The Bharat Electricity – Powering India Awards celebrate exceptional performance and innovation within the Indian power and utilities sector. They honor organizations and individuals who have made remarkable contributions to advancing the industry.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

French President Macron appoints former EU Brexit negotiator Michel Barnier as France’s new Prime Minister  

• Michel Barnier, former EU Brexit negotiator, was named by President Emmanuel Macron as France’s new Prime Minister.
• Barnier replaced Gabriel Attal, who resigned on July 16, 2024 after legislative elections left France with a hung parliament, causing political instability.

About Michel Barnier :

• Michel Barnier, aged 73, has had a political career spanning over 50 years, holding various ministerial positions, including:
• Foreign Minister
• European Affairs Minister
• Environment Minister
• Agriculture Minister
• He also served twice as a European Commissioner.
• He is best known for leading the EU’s Brexit negotiations with the UK from 2016 to 2021, overseeing the discussions regarding Britain’s exit from the European Union.

About France :

• Capital : Paris
• Currency : Euro

L’Oreal Paris Appoints Actor Alia Bhatt as New Global Brand Ambassador   

• Leading French cosmetic maker L’Oreal Paris has roped in Bollywood actress Alia Bhatt as its new global brand ambassador.
• With this, Bhatt joins the brand’s diverse roster of L’Oreal brand ambassadors like Viola Davis, Jane Fonda, Eva Longoria, Kendall Jenner, Elle Fanning, Camila Cabello, and many others.
• Bhatt will feature in the French beauty brand’s campaigns starting in September 2024.

About L’Oreal Paris :

• Founded : 30 July 1909
• Headquarters : Clichy, France
• Chairman : Jean-Paul Agon
• CEO : Nicolas Hieronimus

CURRENT AFFAIRS : DEFENCE NEWS

India’s First Indigenous Combat Drone FWD 200B Successfully Takes Flight   

• In a historic leap for India’s defence capabilities, Flying Wedge Defence and Aerospace (FWDA) has successfully launched India’s first indigenously built combat unmanned aerial vehicle (UAV), the FWD 200B.
• This marks a significant milestone, as India joins the ranks of nations equipped with advanced unmanned combat aircraft.
• The bomber FWD 200B is classified as a Medium Altitude Long Endurance (MALE) unmanned combat aerial vehicle (UCAV) and represents India’s increasing self-reliance in defence technology.

Key Specifications :

• Wingspan: 5 metres (16.4 feet)
• Length: 3.5 metres (12.1 feet)
• Maximum Take-Off Weight (MTOW): 102 kg
• Payload Capacity: 30 kg
• Cruising Altitude: 12,000 feet, with a maximum altitude of 15,000 feet
• Cruise Speed: 152 km per hour, with a maximum speed of 250 km per hour
• Endurance: 7 hours
• Range: 800 km
• Runway Requirement: 300 metres

About FWDA :

• FWDA was incorporated in 2022 and holds patents for killer drones and bomber UAVs.
• It is the first Indian company to receive Directorate General of Civil Aviation (DGCA) type certification for indigenous UAV technology.
• Founder and CEO : Suhas Tejaskanda

Indian Army Suspends Purchase of 200 Logistic Drones from Dhaksha Unmanned Systems Amid Chinese Parts Allegations

• The Indian Army has put on hold the acquisition of 200 logistic drones from Dhaksha Unmanned Systems Private Limited, a Chennai-based subsidiary of Coromandel International.
• Reason for Suspension:The suspension follows allegations that Dhaksha Unmanned Systems is using Chinese parts in their unmanned aerial vehicles (UAVs).
• On August 7,2023 Coromandel International announced that Dhaksha Unmanned Systems had secured an order to supply 200 medium-altitude logistics drones and accessories to the Indian Army.

Key Highlights :

• Certification and Capabilities:Dhaksha Unmanned Systems is the only player in India to have received type certificates from the Directorate General of Civil Aviation (DGCA) for three drone models in medium and small categories for agriculture and surveillance.
• Director General Military Intelligence (DGMI) Directives:The DGMI issued directives in 2010 and 2015 regarding the use of Chinese components in security-related equipment.
• Sensitive and critical hardware and software must not be of Chinese origin due to security implications.
• For non-critical items, the OEM must ensure that components are of non-Chinese origin and have been tested to avoid embedded malware.

About Indian Army :

• Headquarters : New Delhi, Delhi, India
• Chief of the Army Staff : General Upendra Dwivedi

CURRENT AFFAIRS: RANKING AND INDEX

Top Celebrity Taxpayers of India in 2024: Shah Rukh Khan Leads the Pack

• In 2024, Shah Rukh Khan has topped the list of highest tax-paying celebrities in India, reportedly contributing ₹92 crore, according to Fortune India.
• He is closely followed by actor Vijay, who paid ₹80 crore, and Salman Khan, with a tax contribution of ₹75 crore.

Key Points:

1. Top 3 Taxpayers:
   • Shah Rukh Khan: Paid ₹92 crore in taxes, the highest among all Indian celebrities.
   • Vijay: Paid ₹80 crore, securing the second spot.
   • Salman Khan: Paid ₹75 crore in taxes.
2. Top 10 List:
   • Amitabh Bachchan: Paid ₹71 crore.
   • Virat Kohli: Paid ₹66 crore, ranked fifth.
   • Ajay Devgn: Contributed ₹42 crore.
   • MS Dhoni: Paid ₹38 crore.
   • Ranbir Kapoor: Paid ₹36 crore.
   • Hrithik Roshan and Sachin Tendulkar: Both paid ₹28 crore.
3. Top 20 List:
   • Kapil Sharma: Paid ₹26 crore.
   • Sourav Ganguly: Paid ₹23 crore.
   • Kareena Kapoor: Paid ₹20 crore.
   • Shahid Kapoor, Mohanlal, Allu Arjun: Paid ₹14 crore each.
   • Hardik Pandya: Paid ₹13 crore.
   • Kiara Advani: Paid ₹12 crore.
   • Pankaj Tripathi, Katrina Kaif: Paid ₹11 crore each.
   • Aamir Khan, Rishabh Pant: Paid ₹10 crore each, ranked 21st and 22nd.

Kerala and Andhra Pradesh Lead in Ease of Doing Business Rankings

• Kerala and Andhra Pradesh have been recognized as the top performers in promoting ease of doing business under the Business Reforms Action Plan (BRAP), according to a recent official statement from the Ministry of Commerce and Industry.

Top Performers:

1. Kerala
   • Ranked as the top performer for promoting ease of doing business.
2. Andhra Pradesh
   • Followed Kerala as the second-best performer.
3. Gujarat
4. Rajasthan
5. Tripura
6. Uttar Pradesh

Least Performing States:

• Arunachal Pradesh
• Telangana
• Punjab
• Puducherry

Insights from the ‘Udyog Samagam’:

• Commerce Minister Piyush Goyal highlighted the importance of sharing best practices among states and emphasized that healthy competition and collaboration are crucial for national progress.
• Notable reforms and initiatives:
  • Odisha: Reformed its mining sector.
  • Uttar Pradesh: Promoting investment.
  • Maharashtra: Attracting Foreign Direct Investment (FDI) through improved infrastructure.
  • Sikkim: Adding value to organic farming.

Kerala Shines in Business Reforms and Citizen Services at National Awards

• Kerala has been recognized as a leader in business-centric and citizen-centric reforms according to the Union Ministry of Commerce and Industry.
• The state excelled in two business-related categories and seven citizen-focused categories in the recent Business Reforms Action Plan ’22 (BRAP 22) rankings.

Awards and Recognition:

• Event: Conference of State Industries Ministers, held on Thursday at the Yashobhumi Convention Centre, New Delhi.
• Award Presented By: Union Minister of Commerce Piyush Goyal.
• Recipient: P Rajeev, Minister for Industries, Law, and Coir, Government of Kerala.
• Additional Attendees: Union Minister of State for Commerce & Industry and Electronics & Information Technology Jitin Prasada, Principal Secretary (Industries and Commerce) APM Mohammed Hanish, Managing Director of KSIDC S Harikishore, and KSIDC General Manager Varghese Malakaran.

Top Performing Categories:

1. Business-Centric Reforms:
   • Utility Permits for Business: Facilitating the acquisition of permits.
   • Tax Payment Processes: Streamlined tax payment mechanisms.
2. Citizen-Centric Reforms:
   • Online Single Window System: Simplified online services.
   • Urban Local Bodies (ULBs) Certificates: Efficient issuance of various certificates.
   • Department of Revenue Certificates: Simplified certificate issuance.
   • Utility Permits: Improved permit processes.
   • Public Distribution System: Enhanced food distribution services.
   • Transport Sector Improvements: Upgrades in transportation services.
   • Employment Exchanges: Enhanced operations of employment exchanges.

Key Highlights:

• Feedback: Kerala received over 95% positive responses in the nine reform areas assessed.
• Technological Integration: The state has leveraged cutting-edge technology and digital tools to enhance service delivery and citizen satisfaction.

Haryana Cities Feature Prominently Among India’s Most Polluted: Urgent Need for Reform

• A recent analysis reveals that 15 out of 24 cities in Haryana ranked among India’s 100 most polluted cities in the first half of 2024 based on PM2.5 levels.
• This data underscores the escalating issue of particulate pollution in the state.

Cities Exceed National and Global Standards

• National Standards: India’s National Ambient Air Quality Standards (NAAQS) set annual limits for PM2.5 and PM10 at 40 micrograms per cubic meter and 60 micrograms per cubic meter, respectively.
• WHO Guidelines: The World Health Organization’s 2021 guidelines recommend stricter limits of 5 micrograms per cubic meter for PM2.5 and 15 micrograms per cubic meter for PM10.

Findings from January to June 2024:

• Exceeding Standards: All Haryana cities surpassed both NAAQS and WHO PM10 standards.
• Most Polluted: Faridabad recorded the highest PM2.5 level at 103 micrograms per cubic meter, significantly above both NAAQS and WHO guidelines.
• Cities Below Threshold: Only Palwal, Ambala, and Mandikhera had PM2.5 levels below the national threshold.
• Highest PM10 Levels: Gurugram had the highest PM10 concentration at 227 micrograms per cubic meter, while Ambala had the lowest at 79 micrograms per cubic meter.

Health Concerns and Disparity in Standards

Manoj Kumar from the Centre for Research on Energy and Clean Air (CREA) highlighted that all 24 cities in Haryana exceeded WHO standards for particulate matter in the first half of the year. This discrepancy indicates that current national standards may be inadequate for public health protection and suggests the need for alignment with international guidelines.

National Clean Air Programme (NCAP) and Need for Reform

• NCAP Overview: Launched in 2019, the NCAP aimed for a 20-30% reduction in particulate pollution by 2024, later revised to 40% by 2026.
• Current Coverage: The programme covers 131 cities that did not meet national standards between 2011 and 2015, leaving many smaller cities and towns unaddressed.

Calls for Regional Pollution Control

• Airshed Approach: Experts advocate for an airshed approach to manage regional air pollution, considering factors like wind patterns and pollution sources.
• Recommendations: CREA suggests revising the NCAP to incorporate a stronger institutional framework, improve coordination among states and cities, and enhance monitoring and enforcement mechanisms.

CURRENT AFFAIRS: MOUS AND AGREEMENT

India and Singapore Strengthen Ties with Four New Memorandums of Understanding

• India and Singapore have signed four significant Memorandums of Understanding (MoUs) aimed at enhancing cooperation in digital technologies, semiconductors, health, and skill development.
• The agreements were finalized during Prime Minister Narendra Modi’s visit to Singapore.

Key Highlights of the MoUs:

1. Digital Technologies:
   • Signed by: India’s Ministry of Electronics and Information Technology and Singapore’s Ministry of Digital Development and Information.
   • Focus Areas: Cooperation in digital technologies, including DPI, cybersecurity, 5G, super-computing, quantum computing, and artificial intelligence.
   • Objective: Facilitate upskilling and reskilling of workers in the digital domain.
2. Semiconductors:
   • Signed by: India’s Ministry of Electronics and Information Technology and Singapore’s Ministry of Trade and Industry.
   • Focus Areas: Development of semiconductor clusters and cultivation of talent in semiconductor design and manufacturing.
   • Objective: Support Singaporean investments in India’s semiconductor sector through established dialogue mechanisms.
3. Health Cooperation:
   • Signed by: India’s Ministry of Health and Family Welfare and Singapore’s Ministry of Health.
   • Focus Areas: Joint research and innovation in health and medicine, human resource development in healthcare, and promotion of Indian healthcare professionals in Singapore.
4. Skill Development:
   • Signed by: India’s Ministry of Skill Development and Entrepreneurship and Singapore’s Ministry of Education.
   • Focus Areas: Technical and vocational education and training.
   • Objective: Enhance ongoing collaborations in skill development and educational initiatives.

CURRENT AFFAIRS: BOOKS AND AUTHOR

ISRO Chairman Launches Coffee-Table Book on India’s Space Journey

• Somanath, Chairman of the Indian Space Research Organisation (ISRO), unveiled a coffee-table book titled “ISRO: Exploring New Frontiers – To The Moon, The Sun & Beyond” published by The Hindu Group of Publications.

Key Highlights:

• Book Title: “ISRO: Exploring New Frontiers – To The Moon, The Sun & Beyond”
• Curator: T.S. Subramanian, former associate of Frontline magazine
• Purpose: To document India’s achievements in space exploration from its early days to recent missions.

About the Book:

• Content: The book provides a comprehensive account of India’s space exploration milestones, including:
  • Early Beginnings: The development of space technology in the 1960s.
  • Major Missions: Mars Orbiter Mission, Chandrayaan-1, 2, and 3, Aditya L-1 missions.
  • Extras: Behind-the-scenes stories, interviews, and stunning photographs showcasing India’s space journey.

About ISRO (Indian Space Research Organisation):

• Role: India’s National Space Agency under the Department of Space, Government of India.
• Headquarters: Bengaluru, Karnataka.
• Vision: To utilize space technology for national development, conduct space science research, and explore other planets.

Antrix Corporation Limited (ACL):

• Function: The commercial arm of ISRO.
• Responsibilities: Marketing space products, providing technical consultancy, and transferring ISRO-developed technologies.

New Book Titled : “From Oil to Lithium: Navigating the Future of Energy” by Kuldeep Gupta has been  released

• In a world increasingly focused on sustainable energy solutions, Kuldeep Gupta’s new book, “From Oil to Lithium: Navigating the Future of Energy”, stands out as a transformative read.
• This compelling work combines personal narrative with a critical examination of global energy challenges.

About the Book:

• The story centers on Karan, a protagonist whose journey mirrors the evolution of the energy sector. Initially captivated by the Oil & Gas industry, Karan’s early career is influenced by the sector’s historical significance, particularly its role in global conflicts. However, as he delves deeper into the industry, he confronts its environmental impact and ethical dilemmas, leading to a profound transformation.

Kuldeep Gupta: The Author

• Kuldeep Gupta is a renowned energy expert and recognized Future Energy Leader for the Middle East by Economic Times Energy World. His fifteen-year career in the energy sector began on offshore rigs in the UAE, where he gained expertise in hydrocarbon extraction. His subsequent work in the Ports & Shipping industry offered him a broader view of the global energy supply chain. Gupta’s transition to renewable energy and involvement in lithium-ion technologies underscores his commitment to sustainable alternatives.

Key Themes and Insights:

1. Potential of Renewable Energy Solutions: The book explores the promise of renewable energy technologies and their role in shaping a sustainable future.
2. Need for Collective Sustainability: Gupta emphasizes the importance of a unified global effort towards sustainability.
3. Ethical Energy Choices: The narrative addresses the ethical implications of energy consumption and production.
4. Role of Innovation: It highlights how innovation can tackle global energy challenges and drive progress.

Blueprint for Change:

“From Oil to Lithium” offers a roadmap for individuals and organizations to shift towards sustainable practices. By detailing Karan’s transition from the oil industry to championing lithium technologies, the book provides actionable insights for rethinking energy consumption and embracing more sustainable practices.

Availability:

The book is available for purchase on major online platforms, including Amazon and Flipkart. Its release contributes significantly to the ongoing discourse on energy, sustainability, and our collective future.

“From Oil to Lithium: Navigating the Future of Energy” is not just a personal narrative or technical exposition; it is a crucial call to action for anyone invested in the future of energy.

CURRENT AFFAIRS: SPORTS NEWS

Dharambir and Pranav Soorma Shine in Men’s F51 Club Throw at Paralympics

1. Gold Medal:
   • Dharambir:
     • Performance: Won gold with a throw of 34.2m in his fifth attempt.
     • Significance: Broke the Asian record, marking a dramatic comeback after four fouled attempts.
     • Background: 35-year-old athlete from Sonepat, previously a bronze medallist at the World Championships.

2. Silver Medal:
   • Pranav Soorma:
     • Performance: Secured silver with a throw of 34.59m in his first attempt.
     • Background: 29-year-old from Faridabad, suffered a spinal cord injury at 16 but made a remarkable comeback.

3. Bronze Medal:
   • Filip Graovac (Serbia):
     • Performance: Achieved bronze with a throw of 34.18m in his second attempt.

4. Other Indian Athlete:
   • Amit Kumar:
     • Performance: Finished last with a throw of 23.96m.
     • Background: 2017 World Championship silver medallist.

5. Event Description:
   • F51 Club Throw: Designed for athletes with severe movement impairment in the trunk, legs, and hands. Competitors throw while seated, relying on their shoulders and arms for power.

Sharath Kamal Appointed ITTF Foundation Ambassador

• On the 11th day of the Ultimate Table Tennis (UTT) season five at the Jawaharlal Nehru Indoor Stadium, Sharath Kamal, India’s top table tennis player, was named the first Indian ambassador of the International Table Tennis Federation (ITTF) Foundation.

Key Figures Present:

• Her Highness Zeina Shaban: Princess of Jordan and two-time Olympian
• Vita Dani: Chairperson of UTT

Both Shaban and Dani are board members of the ITTF Foundation.

Sharath Kamal’s Achievements:

• Five-time Olympian
• Male flag-bearer for India at the Paris Olympics
• Elected to the ITTF’s Athlete’s Commission in November 2022
• Holds the record for the most medals in table tennis in Commonwealth Games history with 13 medals, including 3 golds and 1 silver from the 2022 Birmingham Games

Role and Responsibilities:

Sharath’s new role as an ITTF Foundation ambassador involves:

• Travel and attendance at events
• Promotional activities including playing table tennis
• Using table tennis not just as a sport, but as a tool for broader social development

Commitment to Social Development:

Before this appointment, Sharath was actively involved in:

• Madras Seva Sadan: Taught table tennis to children of daily-wage laborers
• Provided these children with a “sense of direction” in life

Current Engagements:

• Captain of the Chennai Lions in the ongoing UTT season

Significance of the Appointment:

• For Indian Table Tennis: Elevates India’s profile and potentially increases involvement in international table tennis development.
• For the ITTF Foundation: Gains an experienced figure who can leverage his extensive experience both on and off the table.
• For Grassroots Development: Sharath’s social initiatives may enhance the ITTF Foundation’s programs and increase the focus on using table tennis for social change.

Daily CA One- Liner: September 7

• The Officers’ Conclave 2024, organized by the Department of Posts, was a crucial event to drive transformation and foster innovation within India’s vast postal network.
• The NPS Vatsalya scheme, a long-anticipated initiative designed to secure the financial futures of minors, is set to launch within the next two weeks
• India’s crypto exchange, CoinSwitch, has announced a strategic expansion of its services to focus on High Net Worth Individuals (HNIs) and institutional investors
• On September 5, 2024, in New Delhi, President Droupadi Murmu conferred the National Teachers’ Award 2024 to 82 exceptional educators across the country during the Teachers’ Day celebration
• REC Ltd has been awarded the prestigious “Nodal Agency of the Year” title at the Bharat Electricity – Powering India Awards 2024
• In 2024, Shah Rukh Khan has topped the list of highest tax-paying celebrities in India, reportedly contributing ₹92 crore, according to Fortune India.
• Kerala and Andhra Pradesh have been recognized as the top performers in promoting ease of doing business under the Business Reforms Action Plan (BRAP), according to a recent official statement from the Ministry of Commerce and Industry
• Kerala has been recognized as a leader in business-centric and citizen-centric reforms according to the Union Ministry of Commerce and Industry
• A recent analysis reveals that 15 out of 24 cities in Haryana ranked among India’s 100 most polluted cities in the first half of 2024 based on PM2.5 levels.
• India and Singapore have signed four significant Memorandums of Understanding (MoUs) aimed at enhancing cooperation in digital technologies, semiconductors, health, and skill development.
• Somanath, Chairman of the Indian Space Research Organisation (ISRO), unveiled a coffee-table book titled “ISRO: Exploring New Frontiers – To The Moon, The Sun & Beyond” published by The Hindu Group of Publications
• In a world increasingly focused on sustainable energy solutions, Kuldeep Gupta’s new book, “From Oil to Lithium: Navigating the Future of Energy”, stands out as a transformative read
• Dharambir Won gold with a throw of 34.92m in his fifth attempt.
• On the 11th day of the Ultimate Table Tennis (UTT) season five at the Jawaharlal Nehru Indoor Stadium, Sharath Kamal, India’s top table tennis player, was named the first Indian ambassador of the International Table Tennis Federation (ITTF) Foundation
• The Insurance Regulatory and Development Authority of India (IRDAI) has issued a Master Circular to streamline norms on policyholder protection.
• PNB Housing Finance Limited’s (PNBHFL) Board of Directors will meet to approve the plan to raise up to ₹2,500 crore through Non-Convertible Debentures (NCDs).
• Canara Bank has issued $300 million in 5-year bonds.
• Ashok Leyland, a commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Bandhan Bank.
• The Finance Ministry has relaxed norms for expenditures exceeding ₹500 crore to expedite capital expenditure (capex) for the current fiscal year.
• Public sector lender Bank of India has launched a special tenure fixed deposit scheme Star Dhan Vriddhi, offering an interest rate of up to 7.9% to senior citizens.
• The ‘UPI for Her’ initiative, a collaboration between the National Payments Corporation of India (NPCI) and Women’s World Banking (WWB), released its first report.
• Nepal’s central bank, Nepal Rastra Bank, is set to introduce new banknotes featuring a revised map that includes disputed territories with India.
• Indian Oil Corporation Limited (IndianOil) has launched a co-branded credit card in partnership with RBL Bank at the Global Fintech Fest (GFF) in Mumbai, Maharashtra.
• Markets regulator Securities and Exchange Board of India (SEBI) has amended alternative investment funds (AIF) norms specifying maximum permissible limit for extension of tenure by ‘Large Value Funds’.
• The Council of Europe Framework Convention on Artificial Intelligence and Human Rights, Democracy, and the Rule of Law is the first international treaty establishing legal rules for AI technology development and use.
• Michel Barnier, former EU Brexit negotiator, was named by President Emmanuel Macron as France’s new Prime Minister.
• Leading French cosmetic maker L’Oreal Paris has roped in Bollywood actress Alia Bhatt as its new global brand ambassador.
• In a historic leap for India’s defence capabilities, Flying Wedge Defence and Aerospace (FWDA) has successfully launched India’s first indigenously built combat unmanned aerial vehicle (UAV), the FWD 200B.
• The Indian Army has put on hold the acquisition of 200 logistic drones from Dhaksha Unmanned Systems Private Limited, a Chennai-based subsidiary of Coromandel International.