National News
Prahlad Joshi launches ‘Anna Chakra’ and Scan portal
Union Minister of Consumer Affairs, Food and Public Distribution and New and Renewable Energy, Shri Pralhad Joshi, launched ‘Anna Chakra’ and scan (Subsidy Claim Application for NFSA) portal is an important step towards modernizing India’s Public Distribution System (PDS) and subsidy claiming mechanism.
Home Ministry grants FCRA license to CNI and USIN Foundation
Union Ministry of Home Affairs (MHA) has granted FCRA licenses to the USIN Foundation, a think tank, and the Synodical Board of Social Services. Church of North India (CNI), Restoration of license of CNI which was canceled last year. This approval allows CNI to resume receiving foreign funds for social and religious activities. comes as a decision The Home Ministry continues to investigate the NGOs. The recent repeal signals increased regulatory oversight.
International news
From freedom fighter to Namibia’s first female president
Netumbo Nandi-Ndaitawah, nicknamed “NNN”, created history by becoming Namibia’s first female presidentHer journey from a prominent figure in Namibian politics, an activist fighting against the South African occupation, to her leadership in Namibia after independence is nothing short of remarkable. Elected at the age of 72, Nandi-Ndaitvah won with over 57% of the vote, despite facing political opposition.Their story illustrates the transformative power of activism, perseverance, and a strong commitment to economic and social progress.
Nepal and China sign framework for BRI cooperation
during Prime Minister KP Sharma Oli During his official visit to China, the two countries signed the Belt and Road Initiative (BRI) cooperation framework. The agreement aims to accelerate the implementation of BRI projects, marking an important moment in Nepal-China relations. While Nepal joined BRI in 2017, no projects had been executed so far. Recent Framework Signed by Acting of Nepal Foreign Secretary Amrit Bahadur Rai and China’s Minister for National Development Liu Sushe And the Reform Commission includes words like “assistance and technical assistance”.Replacing “grant” with “investment” Following discussion.
state news
Google to launch security engineering center in Hyderabad
Google and this Telangana Government An agreement has been signed for the establishment of Google Security Engineering Center (GSEC) in HyderabadThis exclusive international cyber security center will be Google’s second in Asia Pacific after Tokyo and fifth globally along with Dublin, Munich and Málaga. GSEC will focus on advancing cyber security capabilities, promoting skill development and creating employment opportunities.
economy news
World Bank approves $188.28 million loan for backward districts of Maharashtra
World Bank has approved $188.28 million The objective of giving loan to Maharashtra is to promote economic development in the underdeveloped districts of the state. This loan is provided by International Bank for Reconstruction and Development (IBRD)comes with a Maturity period of 15 years, Which also includes a grace period of five years. The project focuses on enhancing district-level governance, improving e-governance services and promoting private sector participation to accelerate economic growth and job creation.
OECD raises India’s FY25 growth forecast to 6.8%
Organization for Economic Co-operation and Development (OECD) has raised India’s GDP growth forecast increased from 6.7% to 6.8% in FY 2015, Citing strong public infrastructure spending, strong private consumption and improvement in agricultural production. Hopefully this pace of development will continue FY25 and FY26, Investment and rural income growth are central to the expansion of the economy. Despite global economic uncertainties and geopolitical risks, India’s economic resilience points to a promising future.
banking news
RBI Monetary Policy Meeting December 2024: Highlights and Updates
The Reserve Bank of India (RBI) held its latest bi-monthly Monetary Policy Committee (MPC) meeting In December 2024, Governor Shaktikanta Das announced several important measures and projections to address the current economic challenges while maintaining stability. To deal with liquidity concerns Cash Reserve Ratio (CRR) reduced by 50 basis points to 4%The move is in line with the RBI’s neutral policy stance, which aims to ensure economic stability without disruptive intervention. MPC decided to retain it with a majority of 4-2 Repo rate at 6.5%. The standing deposit facility (SDF) rate and marginal standing facility (MSF) rate were also kept intact at 6.25% and 6.75% respectively. This cautious approach reflects the central bank’s focus on balancing inflation and growth.
SEBI: SDP recognition for digital platforms is voluntary
The Securities and Exchange Board of India (SEBI) has clarified that digital platforms are Not obliged to register as Specified Digital Platform (SDP)The framework aims to simplify compliance for regulated entities (REs) while ensuring flexibility for digital platforms. SEBI emphasized that the preventive measures for SDP recognition are voluntary, and there is no regulatory framework governing SDPs.
Rank and report news
IndiGo ranked among worst airlines globally in AirHelp 2024 report
Indigo Airlines of India has fallen to the bottom of global airline rankings while securing Ranked 103rd out of 109 in the 2024 AirHelp Score Report. The ranking places the low-cost carrier as one of the worst performers, raising questions about the credibility of the survey. While Air India fares slightly better at 61st, IndiGo refuted the findings, arguing that the methodology lacked transparency, especially with regard to the sample size from India.
important day news
All India Civil Defense and Home Guard Day: Tribute to voluntary service
All India Civil Defense and Home Guard Day, celebrated annually 6th Decemberrespects the commitment and contributions of Home Guard and Civil Defense OrganizationThis day also marks the formation of home guard forcewhich was first established Bombay Province on 6 December 1946To assist the police in maintaining law and order as a voluntary civilian force. Over the years, the force has evolved into a major support unit supporting the nation during crises, natural disasters and emergencies.
Mahaparinirvan Diwas 2024: Remembering the legacy of Dr. BR Ambedkar
Mahaparinirvan Day is celebrated every year 6th Decembermarks the death anniversary of Bharat Ratna Dr. Bhimrao Ramji Ambedkaraffectionately known Baba Saheb AmbedkarChief Architect of indian constitutionA leader, thinker and reformer, Dr. Ambedkar dedicated his life to fostering Equality and eradication caste based discriminationOn this holy day, millions of people across India pay tribute to his enduring legacy by reflecting on his teachings and his commitment towards building a just and inclusive society.
awards news
Scottish Sikh artist wins 2024 Turner Prize
Glasgow-born Scottish Sikh artist Jasleen Kaur has been awarded turner prize 2024, one of the following The world’s most prestigious honor in contemporary artKnown for her thought-provoking exploration of personal, political and spiritual themes, Kaur received the award for her solo exhibition change altarwhich combines sculpture, sound and music to reflect community, cultural heritage and anti-colonial struggles. Her work is celebrated for its innovative storytelling, connecting everyday objects to broader narratives of resilience, memory and identity.
