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CURRENT AFFAIRS : BANKING & FINANCE
Securities and Exchange Board of India Grants In-Principle Approval to Capitalmind to Launch Mutual Fund Business
- Bengaluru-based investment management firm Capitalmind Financial Services Private Limited has received in-principle approval from the Securities and Exchange Board of India (SEBI) to launch a new mutual fund.
Key Highlights :
- Current Operations: Capitalmind currently functions as a portfolio manager, managing over ₹2,200 crore in assets under management (AUM) for more than 1,150 clients.
- The firm maintains a strong annual client retention rate of 98%.
- Growth and Wealth Creation: The company has doubled its AUM every financial year since inception, driven by robust portfolio performance and steady inflows, creating over ₹1,000 crore in wealth for clients in less than seven years.
- Leadership and Ranking: Led by Deepak Shenoy,Capitalmind is ranked 25th in AUM for discretionary equity strategies in India.
- Bengaluru-Based AMC Presence: Capitalmind joins other Bengaluru-based asset management companies (AMCs) such as Zerodha Fund House, Groww Mutual Fund, and Navi Mutual Fund.
- Potential in Mutual Fund Market: As of March 31, 2024, there are 74.6 crore PAN card holders in India, but only 4.5 crore unique mutual fund investors, highlighting significant untapped potential in the mutual fund market.
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.
About Capitalmind :
- CEO : Deepak Shenoy
GST filers without a valid bank account will be restricted from submitting GSTR-1 starting September 1, 2024
- GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1,2024.
Key Highlights :
- Filing Restrictions: Taxpayers who do not furnish valid bank account details will be barred from filing their GSTR-1 (outward supply return) or using the Invoice Furnishing Facility (IFF) for the tax period August 2024 onwards.
- GST Rule 10A: According to GST Rule 10A, a taxpayer is required to furnish bank account details:
- Within 30 days from the date of grant of registration.
- Or before filing the details of outward supplies in Form GSTR-1 or using IFF, whichever is earlier.
- Objective of the Rule: The enforcement of this rule aims to strengthen the GST registration process and address issues related to fake and fraudulent registrations.
- GST Council Approval: The amendment to Rule 10A was approved by the GST Council in its meeting in July last year to enhance the authenticity of GST registrations.
- GSTN Advisory: The Goods and Services Tax Network (GSTN) issued an advisory on August 23, 2024, urging taxpayers who have not yet provided their bank account details to update their registration details on the GST portal.
- Enforcement: Without valid bank account details, taxpayers will not be able to file GSTR-1 or use IFF from the return period of August 2024, affecting their compliance with GST regulations.
CURRENT AFFAIRS: NATIONAL NEWS
India’s Solar Power Capacity Surges by 282% in H1 2024, Setting a New Record
- India’s solar power capacity surged by 282% in the first half of 2024, adding nearly 15 GW—the highest-ever half-yearly installation, according to Mercom India Research.
- In Q1 2024, 9.9 GW of solar capacity was added, followed by 5 GW in Q2 2024.
- Total Installed Capacity:
- As of June 2024, India’s installed solar capacity reached 87.2 GW, representing 19.5% of the country’s total energy mix.
- Large-Scale Solar Projects:
- India’s large-scale solar project pipeline stood at 146 GW, with an additional 104 GW in the tendered and pending auction stages as of June 2024.
- Rajasthan, Gujarat, and Karnataka led in quarterly large-scale solar capacity additions.
- Cost Reduction:
- Average large-scale solar project costs in India decreased by 2% quarter-on-quarter and 26% year-on-year, with solar panel prices continuing to decline.
- India’s Renewable Energy Leadership:
- India aims to add 500 GW of renewable energy capacity by 2030, with solar energy playing a key role.
- By June 2024, the total grid-connected renewable capacity stood at 148 GW, including 85 GW from solar, 47 GW from wind, and smaller contributions from biomass and small hydro.
- Solar Energy’s Role in Energy Transition:
- Solar energy, now the cheapest form of power, has seen its installed capacity grow 32 times from 2.6 GW in 2014 to 85.5 GW in 2024.
- To better integrate renewable energy, India needs to deploy flexible generation sources due to solar’s variable nature, as highlighted by Vibhuti Garg, Director of South Asia, IEEFA.
Union Home Ministry Creates Five New Districts in Ladakh to Enhance Governance and Public Service Delivery
- The Ministry of Home Affairs (MHA) has established five new districts in the Union Territory of Ladakh: Zanskar, Drass, Sham, Nubra, and Changthang.
- This move increases the total number of districts in Ladakh from two to seven, with the existing districts being Leh and Kargil.
- Improved Public Service Delivery:
- The creation of these districts aims to improve the delivery of public services and ensure that government services reach remote and far-flung areas.
- The new districts are expected to enhance governance and accessibility in every corner of Ladakh.
- Background:
- The Jammu and Kashmir Reorganisation Act of 2019 divided the former state into two Union Territories: Jammu and Kashmir (with its own legislative assembly) and Ladakh (without a legislative assembly).
- This move comes ahead of the direct assembly elections in Jammu and Kashmir, scheduled for September, marking a significant development in the governance of the region.
Union Government Introduces New 2024 Guidelines for Enhanced Public Grievance Redressal
- The Union Government has unveiled new 2024 guidelines aimed at improving the handling of public grievances with a focus on citizen empowerment and streamlining the redressal process.
- These guidelines introduce a 10-step reform process that incorporates technological advancements to enhance clarity and efficiency in addressing grievances.
- Integrated Grievance Filing Platform:
- A new integrated, user-friendly platform on the Centralised Public Grievance Redress and Monitoring System (CPGRAMS) has been introduced.
- This platform will serve as a single-window system for citizens to file grievances, simplifying the process and improving accessibility.
- Reduced Timeline for Redressal:
- The timeline for grievance redressal has been shortened to 21 days from the previous 30 days.
- For cases requiring more time, interim replies will be provided, and citizens will receive feedback on resolved grievances through SMS and email.
- An appeal process will be available for unresolved issues.
- Nodal Officers and Dedicated Grievance Cells:
- Nodal Officers will be appointed in all ministries and departments to ensure prompt and fair handling of grievances.
- Ministries or departments with high grievance volumes will have dedicated nodal officers and establish dedicated grievance cells with sufficient resources.
- Role of Nodal Officers:
- Nodal Officers will be responsible for effective categorization, monitoring pendency, examining feedback, conducting root cause analysis, and overseeing grievance redressal officers within their respective ministries or departments.
- AI-Powered Analysis and Feedback:
- The government plans to use AI-powered tools such as the tree dashboard and intelligent grievance monitoring dashboard to analyze citizen feedback.
- A monthly grievance redressal assessment index will rank ministries and departments based on their performance in grievance handling.
- Training and Capacity Building:
- Training for grievance officers will be conducted through 36 Administrative Training Institutes under the SEVOTTAM scheme.
- Ministries and departments are encouraged to periodically review grievance redressal processes in Senior Officers Meetings and improve communication and awareness about the grievance systems.
- CPGRAMS Performance:
- The CPGRAMS portal has successfully addressed nearly 60 lakh public grievances between 2022 and 2024.
- The system has mapped 1.01 lakh grievance redressal officers across ministries, departments, and states/union territories, reflecting its widespread impact.
CURRENT AFFAIRS: AWARDS AND HONOURS
24th International Mother Teresa Awards Ceremony Held in Dubai on Her 114th Birth Anniversary
- The 24th International Mother Teresa Awards Ceremony took place on August 26, 2024, at Millennium Plaza Dubai, celebrating the 114th birth anniversary of Mother Teresa.
- Organized by the All-India Minority and Weaker Sections Council, this prestigious event was held outside India for only the second time, with both international ceremonies occurring in Dubai.
- The awards, established posthumously after Mother Teresa died in 1997, honour individuals across various sectors including education, science, culture, sports, social work, medicine, industry, and politics.
- Notable Awardees:
- João Bernardo Vieira II (Posthumously, Guinea-Bissau)
- Sidharth Srivastava and Namit Bajoria (Industry)
- Mohammed Mahtabur Rahman (Chairman, NRB Bank Limited)
- Irka Bochenko (Arts)
- MP Rozario (Education)
- Murli Panjabi and Sureandar Singh Khandari (Social Work, UAE)
- Ahmed al Hashemi (Young Musician and Child Prodigy)
- Event Activities:
- The ceremony featured a cake-cutting event to commemorate Mother Teresa’s birth anniversary.
- A documentary screening about her life was presented, followed by cultural performances reflecting her spirit of compassion.
- Organizers expressed their joy in returning to Dubai, where the first international ceremony also took place.
- Mother Teresa’s Legacy:
- Mother Teresa, born Anjezë Gonxhe Bojaxhiu on August 26, 1910, in Skopje, Macedonia (then part of the Ottoman Empire), dedicated her life to serving the poorest of the poor.
- She founded the Missionaries of Charity in 1950, which expanded globally to provide humanitarian aid.
- Her work earned her numerous awards, including the Ramon Magsaysay Peace Prize, Padma Shri, and the Nobel Peace Prize in 1979.
- Declared “Blessed Teresa of Kolkata” by Pope John Paul II in 2003, she was canonized as a saint by Pope Francis in 2016.
- The Mother Teresa National Awards Committee continues to honor her legacy through cultural events and programs for the underprivileged.
CURRENT AFFAIRS: MOUS AND AGREEMENT
India and Australia Hold 10th Round of CECA Negotiations, Focus on Key Areas for Enhanced Economic Partnership
- The 10th Round of India-Australia Comprehensive Economic Cooperation Agreement (CECA) negotiations was held in Sydney from 19-22 August 2024.
- Discussions focused on five key areas: Goods, Services, Digital Trade, Government Procurement, Rules of Origin, and Agri-tech.
- Intense Negotiations:
- Led by Shri Rajesh Agrawal (India) and Shri Ravi Kewalram (Australia), the negotiations aimed to narrow differences and achieve convergence on remaining provisions.
- The discussions, held after a five-month gap from the 9th Round, were preceded by intersessional meetings to build consensus on various tracks.
- Strategic Partnership:
- Both sides underscored the importance of strengthening the India-Australia economic partnership and building on the India-Australia Economic Cooperation and Trade Agreement (ECTA), which came into force on 29 December 2022.
- Future Plans:
- The Chief Negotiators agreed on an action plan for continued negotiations through virtual meetings before the next round, anticipated to be held in India in November 2024.
- Bilateral Relations and Research Visit:
- The Indian delegation visited the University of Sydney and Cicada Innovation Centre to explore Australia’s research activities in agriculture and agri-tech.
- India and Australia are key strategic partners, collaborating in regional initiatives like the Indo-Pacific Economic Forum for Prosperity (IPEF) and the Trilateral Supply Chain Resilience Initiative (SCRI).
India and Indonesia Reaffirm Commitment to Combat Terrorism at the 6th Joint Working Group Meeting
- India and Indonesia held the sixth meeting of the India-Indonesia Joint Working Group on Counter-Terrorism in Jakarta, reaffirming their commitment to combating terrorism.
- Both nations strongly condemned the use of terrorist proxies for cross-border terrorism, with particular emphasis on Pakistan’s support to terror groups targeting Jammu and Kashmir.
- Focus on Emerging Technologies:
- The discussions highlighted the need to address the misuse of new and emerging technologies by terrorists.
- Both sides agreed on the importance of a comprehensive and sustained approach to combating terrorism, which includes preventing the misuse of the internet for terrorist purposes and disrupting terror financing.
- Strengthening International Cooperation:
- India and Indonesia emphasized the significance of international cooperation in addressing terrorism in all its forms.
- The discussions included strategies to strengthen collaboration in regional, global, and multilateral forums such as the United Nations, ASEAN Regional Forum (ARF), and the Association of Southeast Asian Nations (ASEAN).
- Exchange of Views on Terrorism Threats:
- Both countries exchanged views on domestic, regional, and global terrorism threats.
- The dialogue underscored the need for ongoing cooperation to effectively tackle the evolving nature of terrorism.
- Leadership and Delegations:
- The Indian delegation was led by K D Dewal, Joint Secretary (Counter-Terrorism) in the Ministry of External Affairs (MEA).
- The Indonesian team was headed by AndhikaChrisnayudhanto, Deputy for International Cooperation at the National Counter Terrorism Agency.
CURRENT AFFAIRS : STATE NEWS
Maharashtra Leads as First State to Implement Unified Pension Scheme for Government Employees
- The Maharashtra cabinet has decided to implement the Unified Pension Scheme (UPS) for state government employees, making it the first state to adopt the scheme announced by the Union government.
- The decision was announced by the Maharashtra cabinet and will take effect from March 2024.
What is the Unified Pension Scheme?
- The Narendra Modi-led Centre approved the Unified Pension Scheme (UPS) for central government employees who joined service after January 1, 2004.
- The UPS provides an assured pension of 50% of the average basic pay over the last 12 months before retirement for eligible employees.
- The scheme is applicable to employees under the National Pension Scheme (NPS) who have completed at least 25 years of qualifying service.
- UPS will start from April 1, 2025, with an increased government contribution from 14% to 18.5%, incurring an estimated additional annual cost of ₹6,250 crore.
Financial Implications:
- Despite the increase in government contribution, employees’ contribution remains at 10% of their basic salary.
- An arrear of ₹800 crore will be payable to employees retiring before March 31, 2025, opting for UPS.
- This step follows discussions on returning to the Old Pension Scheme (OPS) in various non-BJP states and demands for pension reforms.
About Maharashtra :
- Governor: C. P. Radhakrishnan
- Chief Minister: Eknath Shinde
- Capital: Mumbai
- National Park: Tadoba National Park, Navegaon National Park
- Wildlife Sanctuaries: Bhimashankar Wildlife Sanctuary, Karnala Bird Sanctuary, Nagzira Wildlife Sanctuary
- UNESCO Heritage Sites: Chhatrapati Shivaji Maharaj Terminus, The Victorian and Art Deco Ensemble of Mumbai, Ajanta Caves, Elephanta Caves, Ellora Caves
CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS
Nasscom Names SAP Labs India MD Sindhu Gangadharan as New Chairperson
- Sindhu Gangadharan, Managing Director of SAP Labs India, has been appointed as the chairperson of Nasscom (National Association of Software and Service Companies), effective immediately.
- She succeeds Rajesh Nambiar, who has been named president-designate for Nasscom.
- Gangadharan was previously the chair of the Nasscom GCC Council in 2023.
- She holds an additional global position as Head of Customer Innovation Services at SAP.
- She was the first woman to lead SAP Labs India and continues in this role.
- She serves on the boards of Siemens India and Titan Company Ltd.
- She is a member of the Steering Committee of the Indo-German Chamber of Commerce, which promotes trade between India and Germany.
About NASSCOM :
- Established : 1 March 1988
- Headquarters : Noida, Uttar Pradesh, India
- NASSCOM is an Indian non-governmental trade association and advocacy group that primarily serves the Indian technology industry.
Liu Jin Steps Down as President of Bank of China Due to Unspecified Personal Reasons
- Liu Jin has resigned from his roles as Vice Chairman and President of the Bank of China.
- His resignation was due to unspecified “personal reasons” and is unexpected given he has not yet reached the official retirement age of 60.
- Ge Haijiao, the Chairman and Party Secretary of the Bank of China, will serve as the acting President until a permanent successor is appointed.
About Liu Jin :
- Liu Jin became President of the Bank of China in April 2021 and was appointed Vice Chairman in June 2021.
- Before his tenure at the Bank of China, Liu worked at other major state-owned banks including China Everbright Bank, Industrial and Commercial Bank of China, and China Development Bank.
Sanjeev Raina Named Additional Director General of Indo-Tibetan Border Police
- Sanjeev Raina, a 1987-batch ITBP officer, has been appointed as the Additional Director General (ADG) of the Indo-Tibetan Border Police (ITBP).
- This is only the second time in ITBP history that a cadre officer has been promoted to the ADG post, the second-highest rank in the force after the Director General (DG).
About Sanjeev Raina :
- Raina hails from Kashmir and joined the ITBP in November 1987.
- He has served in regions like Ladakh, Jammu & Kashmir, and the northeast.
- Raina is credited with establishing the Counter Insurgency and Jungle Warfare (CIJW) School in Mahidanda, Uttarakhand.
- Before his elevation, Raina served as an Inspector General (IG) at the ITBP’s central sector headquarters in Bhopal.
Other Appointment:
- Along with Raina, IG Jaspal Singh has also been elevated to the ADG rank for the panel year 2024.
About ITBP :
- ITBP was established in response to Chinese aggression in 1962, initially with four battalions.
- Originally designed as a “guerrilla-cum-intelligence-cum-fighting force,” it evolved into a specialized border guarding force.
- ITBP was initially raised under the CRPF Act, and later, the ITBP Act was enacted in 1992, with rules framed in 1994.
Role and Responsibilities:
- ITBP guards the 3,488 km India-China border, covering areas from the Karakoram Pass in Ladakh to Jachep La in Arunachal Pradesh.
- It mans Border Out Posts (BOPs) at altitudes ranging from 9,000 to 18,750 feet.
- The force is also involved in various internal security duties, including anti-Naxal operations.
- Personnel: ITBP has a strength of about 98,000 personnel.
- Motto: The ITBP’s motto is “Shaurya-Dridhata-Karma Nishtha” (Valour – Determination – Devotion to Duty).
Chirag Paswan Re-Elected as Lok Janshakti Party President for a Five-Year Term
- Union Minister Chirag Paswan has been re-elected as the national president of the Lok Janshakti Party (Ram Vilas) for a term of five years.
- The re-election decision was made unanimously during the LJP (RV) national executive meeting held in Ranchi.
- Chirag Paswan announced the party’s intention to contest the Assembly election in Jharkhand to enhance its support base in the tribal-dominated state.
- The Janata Dal (United) (JD(U)), another National Democratic Alliance (NDA) partner, has expressed its interest in contesting 11 seats in Jharkhand as part of the alliance.
CURRENT AFFAIRS : OBITUARIES
Former Five-Time Lebanese Prime Minister Salim Hoss Passed Away
- Five-time former Lebanese Prime Minister Salim Hoss, who served during some of the most tumultuous years of his country’s modern history, passed away at the age of 94.
About Salim Hoss :
- Salim al-Huss was born in Beirut,Lebanon on 20 December 1929.
- He served as prime minister for four terms during the country’s 15-year civil war that lasted from 1975 to 1990.
- His final term in office was from 1998 to 2000.
- During his political career, he served as foreign minister, industry minister, education minister, labour minister, information minister, and economy minister.
- During the 1988 political crisis, Lebanon was divided into two rival administrations:
- Salim al-Huss led the government in Muslim west Beirut.
- Michel Naim Aoun led the administration in Christian east Beirut.
About Lebanese :
- Prime Minister :Najib Mikati
- Capital :Beirut
- Currency :Lebanese pound
Veteran Congress Leader and Nanded MP Vasantrao Chavan Passed Away
- Veteran Congress leader and recently elected Member of Parliament representing Nanded constituency, Vasantrao Chavan, passed away at the age of 70.
About VasantraoChavan :
- Born in Naigaon in Nanded district.
Political Career:
- Served as a gram panchayat member for many years.
- Elected as a zilla parishad member in 1990 and 2002.
- Elected to the Maharashtra Legislative Council in 2002.
- Elected as an independent MLA from Naigaon assembly seat in 2009.
- Re-elected to the Maharashtra State Assembly as a Congress candidate in 2014.
- Leadership Roles:Chairman of the Nanded District Central Cooperative Bank from 2021 to 2023.
- Trustee and Chairperson of Janta High School and College of Agriculture in Naigaon.
- Recent Achievement:Elected to the Lok Sabha for the first time in 2024, defeating BJP strongman and MP Pratap Patil Chikhlikar from the Nanded constituency.
Swedish Coach Sven-Goran Eriksson, First Foreigner to Lead England Team, Passed Away
- Sven-Goran Eriksson, the Swedish football manager who spent five years as England’s first ever foreign-born coach after making his name winning trophies at club level in Italy, Portugal and Sweden, passed away at the age of 76.
About Sven-Goran Eriksson :
- Sven-Göran Eriksson was born on 5 February 1948 in Sunne, Sweden.
- He was known as “Svennis” in Sweden & had a nine-year playing career as a right-back, retiring at 27.
Coaching Career:
- He Began his coaching career after retiring from playing and became prominent when hired by England in 2001.
- He Managed clubs and national teams in 10 countries: Sweden, Portugal, Italy, England, Mexico, Ivory Coast, Thailand, UAE, China, and the
Club Management Success:
- Portugal: Managed Benfica, winning back-to-back Portuguese titles (1982-84) and the Portuguese Cup in 1983. Returned to Benfica to reach the European Cup final in 1990 and won the league again in 1991.
- Italy: Managed Lazio from 1997-2001, leading them to their second Serie A title in 2000, two Italian Cups, and the final edition of the European Cup Winners’ Cup in 1999.
- European Competitions: Won the UEFA Cup and the European Cup Winners’ Cup, and reached the final of the European Cup.
International Management:
- He Managed England (2001-2006), becoming the first foreign-born coach of the national team.
- Also he managed the national teams of Mexico, Philippines, and Ivory Coast.
- He Managed Guangzhou and Shanghai SIPG in China.
- He Served as sporting director at Karlstad, a Swedish third-division team.
- He announced his retirement from coaching in February 2023 due to health reasons.
CURRENT AFFAIRS: SPORTS NEWS
India Secures Silver at Maruhaba Cup, Marks Milestone in Asian Surfing Championships 2024
The Indian national surfing team clinched a silver medal at the Maruhaba Cup, a prestigious team event at the Asian Surfing Championships 2024.
The competition took place in Thulusdhoo, Maldives, and concluded.
- Final Results:
- Japan won the gold medal with a score of 58.40.
- India secured the silver medal with a score of 24.13.
- Taipei took the bronze medal with 23.93.
- China finished in fourth place with 22.10.
- Performance Overview:
- The Indian team, comprising Kamali P, Ajeesh Ali, Srikanth D, and Sanjay Selvamani, demonstrated outstanding skill and teamwork.
- India’s performance in the semi-finals was notable, as they won Heat 2 with a total score of 32.16.
- Taipei placed second with 29.70.
- Republic of Korea finished third with 27.74.
- Milestones:
- The silver medal at the Maruhaba Cup follows India’s first-ever quota in surfing for the Asian Games, achieved just a day prior.
- Both Indian men’s and women’s surfing teams are set to compete in the Asian Games 2026 in Aichi-Nagoya, Japan.
- Individual Achievement:
- Harish Muthu made history by becoming the first Indian surfer to reach the quarter-finals of the Asian Surfing Championships.
- Although Muthu’s run ended in a close quarter-final, his achievement has set a new benchmark for Indian surfers.
14-Year-Old Tanvi Patri Makes History at Asian U-15 Badminton Championships 2024
- In a significant achievement for Indian badminton, Tanvi Patri, a 14-year-old from Odisha, India, won the women’s singles title at the Asian U-15 Junior Championships 2024 held in Chengdu, China.
- This victory marks Patri as the third Indian to claim this prestigious title.
Final Match Highlights
- Opponent: Nguyen Thi Thu Huyen (Vietnam), the second seed
- Match Duration: 34 minutes
- Scoreline: 22-20, 21-11
Historical Context
Tanvi Patri joins a distinguished group of Indian champions:
- Samiaya Imad Farooqui (2017)
- Tasnim Mir (2019)
Her victory represents a significant milestone for Indian badminton at the junior level.
India’s Overall Performance
India’s performance at the 2024 Asian U-15 and U-17 Badminton Championships was impressive, securing a total of two medals:
- Gnana Dattu: Bronze in U-17 Men’s Singles
- Lost in the semi-finals to Radithya Bayu Wardhana (Indonesia) with a score of 9-21, 21-13, 21-13.
Championship Results
U-15 Competition
- Women’s Singles: India (Tanvi Patri)
- Men’s Singles: China
- Women’s Doubles: South Korea
- Men’s Doubles: Chinese Taipei (Taiwan)
- Mixed Doubles: South Korea
U-17 Tournament
- Men’s Singles: Indonesia
- Men’s Doubles: Indonesia
- Women’s Singles: China
- Women’s Doubles: China
- Mixed Doubles: Chinese Taipei
About Badminton Asia
- Role: Governing body for badminton in Asia, under the Badminton World Federation (BWF)
- Membership: 43 national badminton associations
- Headquarters: Petaling Jaya, Selangor, Malaysia
- Current President: Kim Jong Soo
CURRENT AFFAIRS: IMPORTANT DAYS
World Water Week 2024: August 25-29, 2024
- The Stockholm International Water Institute (SIWI) is organizing the 2024 edition of World Water Week fromAugust 25-29, 2024.
- This leading conference, held annually since 1991, addresses global water issues with a focus on fostering international cooperation and sustainable solutions.
Theme and Vision
- Theme: “Bridging Borders: Water for a Peaceful and Sustainable Future”
- Vision: The theme highlights the need for global collaboration in managing water-related challenges that impact peace, security, and sustainability across national boundaries.
Key Focus Areas
- Human Security
- Exploring the impact of water access and management on global safety and well-being.
- Food and Nutrition Security
- Analyzing water’s critical role in food production and global nutrition.
- Ecosystem Security
- Addressing the importance of water in sustaining healthy ecosystems and biodiversity.
- Energy Security
- Examining the interdependence between water and energy sectors for sustainable development.
- Interconnected Relationships
- Investigating the interplay among human security, food security, ecosystem security, and energy security.
Event Objectives and Details
- Dates: August 25-29, 2024
- Organizer: Stockholm International Water Institute (SIWI)
- Approach: The conference aims to be inclusive and action-oriented, involving diverse stakeholders committed to water-driven global change and cooperation.
Implementation of UN-Water Conference Commitments
- World Water Week 2024 is part of a broader initiative running from 2023 to 2027, serving as a platform to implement commitments from the UN 2023 Water Conference. The event will focus on translating global water-related goals into actionable strategies.
Daily CA One- Liner: August 28
- Bengaluru-based investment management firm Capitalmind Financial Services Private Limited has received in-principle approval from the Securities and Exchange Board of India (SEBI) to launch a new mutual fund.
- GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1,2024.
- The Maharashtra cabinet has decided to implement the Unified Pension Scheme (UPS) for state government employees, making it the first state to adopt the scheme announced by the Union government.
- Sindhu Gangadharan, Managing Director of SAP Labs India, has been appointed as the chairperson of Nasscom (National Association of Software and Service Companies), effective immediately.
- Liu Jin has resigned from his roles as Vice Chairman and President of the Bank of China.
- Sanjeev Raina, a 1987-batch ITBP officer, has been appointed as the Additional Director General (ADG) of the Indo-Tibetan Border Police (ITBP).
- Union Minister Chirag Paswan has been re-elected as the national president of the Lok Janshakti Party (Ram Vilas) for a term of five years.
- Five-time former Lebanese Prime Minister Salim Hoss, who served during some of the most tumultuous years of his country’s modern history, passed away at the age of 94.
- Veteran Congress leader and recently elected Member of Parliament representing Nanded constituency, Vasantrao Chavan, passed away at the age of 70.
- Sven-Goran Eriksson, the Swedish football manager who spent five years as England’s first ever foreign-born coach after making his name winning trophies at club level in Italy, Portugal and Sweden, passed away at the age of 76.
- India’s solar power capacity surged by 282% in the first half of 2024, adding nearly 15 GW—the highest-ever half-yearly installation, according to Mercom India Research
- The Ministry of Home Affairs (MHA) has established five new districts in the Union Territory of Ladakh: Zanskar, Drass, Sham, Nubra, and Changthang.
- The Union Government has unveiled new 2024 guidelines aimed at improving the handling of public grievances with a focus on citizen empowerment and streamlining the redressal process.
- The 24th International Mother Teresa Awards Ceremony took place on August 26, 2024, at Millennium Plaza Dubai, celebrating the 114th birth anniversary of Mother Teresa
- The 10th Round of India-Australia Comprehensive Economic Cooperation Agreement (CECA) negotiations was held in Sydney from 19-22 August 2024
- India and Indonesia held the sixth meeting of the India-Indonesia Joint Working Group on Counter-Terrorism in Jakarta, reaffirming their commitment to combating terrorism
- The Indian national surfing team clinched a silver medal at the Maruhaba Cup, a prestigious team event at the Asian Surfing Championships 2024.
- In a significant achievement for Indian badminton, Tanvi Patri, a 14-year-old from Odisha, India, won the women’s singles title at the Asian U-15 Junior Championships 2024 held in Chengdu, China.
- The Stockholm International Water Institute (SIWI) is organizing the 2024 edition of World Water Week fromAugust 25-29, 2024.
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