National News
New judicial code system for speedy justice delivery
Justice Code, a comprehensive legislative reformIts objective is to expedite the justice process in India, ensuring speedy and fair resolution of cases. The law gives priority to completing critical stages of investigation and testing within specific time frames. Focusing on providing speedy justice to women, children and other marginalized sections of the society, Justice Code introduces mechanisms that deal with delays in the judicial systemThese reforms aim to restore public confidence in the legal system, reduce pendency of cases and provide timely justice.
India Maritime Heritage Conclave 2024
1st India Maritime Heritage Conclave (IMHC 2024)organized by Ministry of Ports, Shipping and Waterways (MoPSW) 11-12 December was an important occasion to honor India’s rich maritime heritage while envisioning its future as a global maritime leader. This historic event brought together key ministers, maritime experts and international dignitaries to reaffirm India’s important role in global trade and culture. The conclave also highlighted the country’s growing maritime potential, with emphasis on sustainable practices and opportunities for employment and innovation in the sector.
Supreme Court Collegium recommends permanent judges for 3 high courts
Supreme Court Collegium, led by Chief Justice of India (CJI) Sanjiv Khanna, It recommended appointment of seven additional judges as permanent judges for the High Courts of Delhi, Karnataka and Punjab and Haryana. The decision, announced on December 12, 2024, was taken after a meeting with the members Justice BR Gavai, Justice Surya Kant, Justice Hrishikesh Roy, and Justice Abhay S. Oka. The move is in line with the ongoing efforts to strengthen the judiciary by filling critical vacancies in the High Courts.
International news
Walton family leads world’s richest family in 2024
Bloomberg list of the world’s richest families for 2024 is revealed Significant wealth disparities among the global elite, The Walton family, which owns Walmart, tops the list, Surpassing not only other billionaire families but also the wealth of the world’s richest man, Elon Musk. Notable families from India including the Ambani and Mistry also made the top 25, reflecting the growing influence of Indian billionaires on the global wealth stage.
Romania’s far-right, pro-Russian turn is alarm bells for the EU and NATO
unexpected victory of Far-right, pro-Russian candidate Colin Georgescu in Romania The presidential race has set off alarm bells in Brussels, signaling potential changes that could destabilize the EU and the NATO alliance. As Romania’s political landscape leans towards ultra-nationalism, fears of Moscow’s growing influence within Eastern Europe are growing, especially after similar changes in Moldova and Georgia. If Georgescu prevails in December 8 Runoff, Romania, an important NATO and EU memberThe West could lean towards anti-Western policies, which would affect EU unity and complicate building consensus among member states.
Switzerland suspends India’s ‘Most Favored Nation’ status
In an important step, Switzerland has decided to suspend its application ‘Most Favored Nation’ (MFN) clause in its tax treaty with India, a decision that could increase taxes on Indian companies operating in Switzerland. The decision follows a 2023 Indian Supreme Court ruling that changed the interpretation of the MFN clause, overturning a Delhi High Court’s decision in favor of Nestle. As a result, Switzerland will impose a 10% withholding tax on dividends paid to Indian companies from January 1, 2025, instead of the previous 5%.
François Bayrou: Macron’s new prime minister amid political turmoil
French President Emmanuel Macron has appointed François Bayrou as the new Prime Minister of France, His third this year, amid a worsening political crisis. Bayeru, an experienced centrist and close ally of Macron, faces the immediate challenges of navigating a divided parliament to pass key legislation, particularly the controversial 2025 budget bill. This appointment came after a no-confidence motion, following which he was ousted. Michel Barnier’s minority government, Leaving France in political instability, rising borrowing costs and a European leadership vacuum.
state news
Prayagraj: PM Modi Inaugurates Projects for Maha Kumbh Prep
Prime Minister Narendra Modi, During his Prayagraj visit, inaugurated several development projects To improve the infrastructure of the city and provide better facilities for the pilgrims attending the Maha Kumbh in 2025. Highlighting the cultural, spiritual and economic significance of the event, the Prime Minister described the Maha Kumbh as a “Mahayagya of Unity” that transcends caste, sect and regional differences, while promoting national unity and economically empowering communities. Makes.
economy news
India’s GDP growth estimate for FY25 revised downwards
India’s GDP growth projections for FY2025 have been revised downwards by several agencies, reflecting cautious optimism amid global and domestic challenges. CARE Ratings cuts its GDP growth forecast for FY2025 6.8% to 6.5%, Citing contraction in corporate profitability, reduction in public capital expenditure (capex) and sluggish urban consumption. First half of FY25. Similarly, Fitch Ratings adjusted its forecast 6.4% from earlier estimate of 7%, While the Asian Development Bank (ADB) has estimated it at 6.5%.
banking news
Manish Jain appointed executive director at Yes Bank
yes bank announced that The Reserve Bank of India (RBI) had approved the appointment of Manish Jain as Executive Director (Whole-Time Director) of the bank. Jain’s appointment is for a period of three years from December 11, 2024 to December 10, 2027. The move follows a prior resolution of the bank’s board of directors and will be subject to the approval of Yes Bank shareholders. Manish Jain, who has been with Yes Bank since September 2023, has extensive experience in corporate and wholesale banking.
Bobcard launches TIARA Credit Card
bobcard has launched TIARA Credit CardA premium, women-centric offering designed to empower modern women. The card is loaded with rewards across various categories like travel, lifestyle, dining, entertainment and health, providing women with the tools to manage their finances without compromising on lifestyle. Launch event held pinkathonNotable personalities like Milind Soman And Ankita KonwarPowered by TIARA RuPay Network And promises to be a game-changer for women’s financial autonomy.
Rank and report news
Taste Atlas reveals 2024-25 top food cities
Food is an important aspect of cultural exploration, with many travelers seeking out places known for their unique culinary experiences. Accordingly, Taste Atlas, a renowned food and travel guidehas recently revealed its ranking Top 10 Best Food Cities in the World for 2024-25. The list is dominated by European cities, especially Italy, while Mumbai in India makes a notable presence in the top 5, reflecting the global recognition of India’s diverse food culture.
schemes news
FAME-III: New milestone for electric mobility in India
India is aggressively pushing its electric vehicle (EV) ecosystemPM launches electric drive revolution in innovative vehicle enhancements (PM e-drive) This scheme is an important step in this journey. With an outlay of Rs. Rs 10,900 crore in two years (April 2024 to March 2026)The scheme aims to promote electric mobility and reduce the country’s dependence on fossil fuels. The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme is getting ready for its third phase (FAME-III). It is expected to be implemented within the next two months. The Government is committed to ensure that India becomes the global leader in electric mobility with the vision of ‘Developed India’.
business News
Max Life rebrands to Axis Max Life Insurance
Max Life Insurance has been officially rebranded Axis Max Life InsuranceReceiving corporate and regulatory approvals marked an important milestone in its journey. the trick is like this Axis Bank acquires majority stake in Max Life, Strengthening our partnership and aligning the company’s future growth strategies.
important day news
Strong India: National Energy Conservation Day
Energy efficiency is the cornerstone of sustainable development, Integrating progress and environmental management. In India, this dedication towards sustainability is celebrated enthusiastically every year 14 December is celebrated as National Energy Conservation Day. The festival serves as a reminder of the importance of adopting sustainable energy practices, transforming it into a driving force for individuals, industries and institutions to adopt energy efficiency and pave the way for a green future.
sports news
Pakistani all-rounder Imad Wasim retires
Pakistan’s star all-rounder Imad Wasim announced his retirement from international cricket on Friday The culmination of a remarkable nine-year career. The 35-year-old, who played a key role in Pakistan’s Champions Trophy win in 2017, shared his decision on social media while expressing his gratitude to the fans and the cricket fraternity. Despite retiring from international cricket, Imad plans to continue entertaining his fans through domestic and franchise cricket.
