Daily CA 12 October 2024 PDF

Ashwin Shukla Paksh Navami-Dashmi आश्विन माह शुक्ल पक्ष की निमी- दशमी तिथि Vikram Samvat - 2081 Shaka Samvat - 1946 Purnimanta - Ashwin Amanta Month - Ashwin Daily CA 12th October 2024 Revision points (YESTERDAY) ❑ A New Book “War” By Veteran Investigative Journalist Bob Woodward ❑ Nobel Priz...

Ashwin Shukla Paksh Navami-Dashmi आश्विन माह शुक्ल पक्ष की निमी- दशमी तिथि Vikram Samvat - 2081 Shaka Samvat - 1946 Purnimanta - Ashwin Amanta Month - Ashwin Daily CA 12th October 2024 Revision points (YESTERDAY) ❑ A New Book “War” By Veteran Investigative Journalist Bob Woodward ❑ Nobel Prize in Literature 2024 goes to South Korean author Han Kang ❑ The United Nations Population Fund (UNFPA) has recognized India’s extraordinary progress in advancing Maternal Health and Family Planning ❑ Rafael Nadal announces retirement after Davis Cup ❑ Indian women’s team makes history with first-ever bronze medal at Asian Table Tennis Championship in Astana, Kazakhstan ❑ Uttarakhand to host 38th National Games from January 28 to February 14 2025. ❑ The Opening Ceremony of MALABAR 2024 under the aegis of Eastern Naval Command was held onboard Indian Naval Ship Satpura at Visakhapatnam on 09 Oct 24. ❑ Indian Navy’s frontline stealth frigate, INS Talwar, arrived at Simon’s Town, South Africa to participate in the 8th edition of IBSAMAR. ❑ Nirdeshak (Yard 3026), second of four Survey Vessel (Large) ships, being built at Garden Reach Shipbuilders & Engineers (GRSE), Kolkata was delivered to the Indian Navy ❑ Cabinet approves development of National Maritime Heritage Complex in Lothal, Gujarat ❑ India tops list of oral cancer cases caused by smokeless tobacco and areca nut in South Asia, says Lancet QUESTION OF THE DAY Which country holds the chairmanship of ASEAN summits 2024? िितमान में आसियान सशखर िम्मेलन की अध्यक्षिा ककि दे श के पाि है ? A. Thailand B. Laos C. Vietnam D. Malaysia World Migratory Bird Day 2024 ▪ World Migratory Bird Day is celebrating on 11 May and 12 October, reflecting the cyclical nature of seasonal bird migrations in different hemispheres. ▪ Theme: Protect Insects to Protect Birds ▪ World Migratory Bird Day was initiated in 2006 by the Secretariat of the Agreement on the Conservation of African-Eurasian Migratory Waterbirds (AEWA) in collaboration with the Convention on the Conservation of Migratory Species of Wild Animals (CMS). Noel Tata succeeds Ratan as Chairman of Tata Trusts ▪ Noel Tata was appointed as chairman of the Tata group’s philanthropic arm Tata Trusts ▪ He will be succeeding his half brother Ratan Naval Tata ▪ Noel is currently the chairman of Trent, Voltas, Tata Investment Corporation and Tata International. ▪ He is also the Vice Chairman of Tata Steel and Titan. ▪ Meanwhile, the day-to-day running of the business house is under Tata Sons chairperson Natarajan Chandrasekaran. PM Modi pays tributes to Jayaprakash Narayan, Nanaji Deshmukh on their Birth anniversaries Jayaprakash Narayan (11 Oct 1902 – 8 Oct 1979) ▪ Popularly referred to as JP or Lok Nayak, was an Indian independence activist, social reformer and political leader ▪ Known as the “Hero of Quit India Movement” and Jayaprakash Narayan is remembered for leading the mid- 1970s opposition against Prime Minister Indira Gandhi, for whose overthrow he had called for a “total revolution“ ▪ Bharat Ratna, 1999 (Posthumous) for Public Affairs. ▪ Ramon Magsaysay Award, 1965 for Public Service. Nanaji Deshmukh (11 October 1916 – 27 Feb 2010) ▪ was a Sangh Parivar veteran, founder member of the Janata Party and a member of the Rajya Sabha. ▪ A Bharat Ratna Awardee: 2019 ▪ Nanaji Deshmukh established India’s first Saraswati Sishu Mandir there at Gorakhpur in 1950. ▪ He was the founder of Deendayal Research Institute (DRI) situated at Chitrakoot. ▪ active participation in the Bhoodan Movement started by Vinoba Bhave.  12 October - Dussehra ▪ Dussehra, also known as Vijayadashami. ▪ Ashwin Shukla Dashami ▪ Dussehra commemorates the victory of Lord Rama over the demon king Ravana ▪ symbolises the victory of good (Dharma) over evil (Adharma).  Ayudha Puja ▪ Ayudha Puja is celebrated where people worship tools and equipment in their homes and offices (shastra Pooja). ▪ This day falls on the ninth day of Ashwin Navratri. ▪ Honours the battle weapons with which Goddess Durga had fought with Mahishasur demon ▪ Celebrated across the country especially in South India (Karnataka, Tamil Nadu, Andhra Pradesh, Kerala and other states)  Nepal observes Phulpati ceremony, marking 7th day of Dashain festival ▪ Marking the seventh day of the ongoing 10-day-long Dashain festival in Nepal, the Phulpati ceremony is observed. ▪ Dashain is the biggest festival in Nepal ▪ on the occasion of phulpati, people offer sacrifices in temples and bring assorted holy leaves and flowers inside their homes. PDF available on TELEGRAM & PARCHAM APP Nobel Peace Prize 2024 awarded to Japanese organisation Nihon Hidankyo ▪ Nihon Hidankyo is the only nation-wide organization of A-bomb survivors of Hiroshima and Nagasaki (Hibakusha). ▪ for its efforts to achieve a world free of nuclear weapons and for demonstrating through witness testimony that nuclear weapons must never be used again ▪ Last year, the 2023 Nobel Peace Prize was awarded to to Iranian activist Narges Mohammadi, who is currently imprisoned. ▪ In 2014, India’s Kailash Satyarthi had won the award jointly with Pakistan’s Malala Yousafzai.  Manoj Kumar Dubey Appointed CMD of IRFC Limited. ▪ Public Sector Undertaking Indian Railways Financial Corporation appointed Manoj Kumar Dubey as the CEO, Chairman, and Managing Director of the company for five years. ▪ IRFC is a Schedule ‘A’/Miniratna Public Sector Enterprise ▪ was set up in December 1986  Bihar to Establish Second Tiger Reserve in Kaimur ▪ The central government has given its in-principle approval for Bihar’s second tiger reserve in Kaimur district. ▪ This decision follows a proposal from the Bihar government to develop the Kaimur Wildlife Sanctuary (KWLS) into a tiger reserve. ▪ Valmiki Tiger Reserve (VTR) in Bihar’s West Champaran district was the only one till now - currently home to 54 tigers, surpassing its capacity of 45.  Haryana Election and Jammu & Kashmir Results 2024 ▪ The ruling BJP secured a historic third term in Haryana, winning 48 seats out of 90 ▪ J&K National Conference emerged victorious with 42 seats out of 90. Will be able to make government with Indi Alliance.  Indian navy signs MOU with Bajaj Allianz life insurance for providing insurance to naval civilians ▪ This initiative is a key highlight of 2024, declared as the “Year of Naval Civilians.” ▪ provides Naval Civilians with voluntary life insurance options at competitive rates. Indian Army rolls out its first overhauled T-90 Bhishma tank ▪ The T-90 Bhishma, the Army’s main battle tank since 2003, is known for its firepower, speed, and protection. ▪ With this overhaul, the tank has become even more powerful and lethal. ▪ Weighing approximately 47 tonnes, ▪ 9.6 meters long and 2.8 meters wide. ▪ Its compact size enables it to manoeuvre quickly through forests, mountains, and marshy terrain at a speed of up to 60 kilometres per hour. ▪ In terms of firepower, the T-90 Bhishma is equipped with a 125 mm smoothbore gun ▪ An anti-aircraft gun mounted on top can bring down targets within a two kilometre range, and the tank can fire up to 800 shells per minute.  Education Ministry launches registration portal for phase 5 of Yuva Sangam ▪ The registration portal for Phase V of Yuva Sangam, under Ek Bharat Shreshtha Bharat (EBSB), was launched by the Ministry of Education. ▪ Yuva Sangam is an initiative by the Government of India to strengthen people-to-people connect between youth belonging to different States/UTs of India. ▪ Interested youth in the age group of 18-30 years may register through the YUVA SANGAM portal ▪ The idea was mooted by PM Modi during the Rashtriya Ekta Divas held on 31st October 2015 to commemorate the birth anniversary of Sardar Vallabhbhai Patel. ▪ To crystallise this idea, the EBSB programme was launched on 31st October 2016. ▪ During Yuva Sangam tours, multi-dimensional exposure under five broad areas- the 5 Ps viz; Paryatan (Tourism), Parampara (Traditions), Pragati (Development), Paraspar Sampark (People-to-people connect), and Prodyogiki (Technology) ▪ will be provided to the visiting delegation over a period of 5-7 days (excluding travel days).  Average monthly income of rural households goes up by over 57% between 2016-17 and 2021-22, says NABARD survey ▪ A recent survey by the National Bank for Agriculture and Rural Development (NABARD) has revealed that average monthly income of rural household grew by 57.6 per cent in 5 years. ▪ The second 'All India Rural Financial Inclusion Survey (NAFIS) 2021-22 found that the the average monthly income grew by 57.6 per cent, from Rs 8,059 in 2016-17 to Rs 12,698 in 2021-22 - suggesting a nominal compound annual growth rate (CAGR) of 9.5 per cent" ▪ 66 per cent of households reported saving in 2021-22, up from 50.6 per cent in 2016-17. ▪ Financial savings also saw a rise, with the average household saving Rs 13,209 annually in 2021-22, compared to Rs 9,104 five years earlier. ▪ The proportion of households with outstanding debt increased from 47.4 per cent to 52 per cent. ▪ remarkable increase in insurance coverage among rural households in India: households with at least one-member insured surged from 25.5 per cent in 2016-17 to 80.3 per cent in 2021-22. BoB proposes to Sell Oman Operations to Bank Dhofar ▪ as part of rationalisation of foreign operation. ▪ Rationalization of foreign operations in banking is the process of reorganizing a bank's overseas operations to improve efficiency. BoB : ▪ Founded : 20 July 1908 ▪ Headquarters : Vadodara, Gujarat ▪ MD & CEO : Debadatta Chand  RBI and Maldives Monetary Authority Sign $400 Million Currency Swap Agreement ▪ RBI entered into a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework 2024-27 ▪ A currency swap agreement between two countries is a contract to exchange currencies with predetermined terms and conditions for liquidity support, or to ensure adequate foreign currency to avoid the Balance of Payments (BOP) crisis till longer arrangements can be made. ▪ These swap operations carry no exchange rate or other market risks as transaction terms are set in advance. ▪ Under the agreement, Maldives Monetary Authority (MMA) is eligible for financing support from the RBI amounting to $400 million under the U.S. Dollar/ Euro Swap Window and ₹30 billion under the INR Swap Window. ▪ The agreement would be valid till June 18, 2027.  PM Modi and visiting Maldivian President Mohamed Muizzu also launched the Rupay card in the Maldives,  inaugurated a new runway at the Hanimadhoo International Airport, and  agreed to further strengthen bilateral relations that had hit a rocky patch last year.  SAARC Currency Swap Framework 2024-27 ▪ came into operation on November 15, 2012. ▪ to provide a backstop line of funding for short term foreign exchange liquidity requirements or short-term balance of payments stress till longer term arrangements are made. ▪ RBI will continue to offer swap arrangement for SAARC (South Asian Association for Regional Cooperation) countries for the period 2024 to 2027: ▪ in US$ and Euro under a separate swap window with an overall corpus of US$ 2 billion. ▪ a separate INR (Indian Rupee) swap window has been introduced with various concessions for swap support in Indian Rupee. ▪ The total corpus of the rupee support is ₹250 billion.  RBI enhances transaction limits on UPI123 & UPILite ▪ The Reserve Bank of India (RBI) has announced a series of measures around UPI123Pay and UPI Lite to encourage wider adoption of UPI. ▪ It increased the transaction cap for UPI123Pay to Rs 10,000 from the current cap of Rs 5000. ▪ It also enhanced the per transaction limit on UPI Lite to Rs 1000 from the current cap of Rs. 500. ▪ ▪ UPI123Pay is a service that allows users to make Unified Payments Interface (UPI) payments using a feature phone without an internet connection or smartphone. ▪ UPI Lite is a payment service that allows users to make small-value transactions without using a UPI PIN. UPI ▪ The UPI (Unified Payment Interface) is a digital and real-time payment system developed by the National Payments Corporation of India (NPCI) and regulated by the Reserve Bank of India (RBI). ▪ It was launched on April 11, 2016.  Bharat Electronics, Israel Aerospace Industries form joint venture firm ▪ Navratna Defence PSU Bharat Electronics Limited (BEL) and Israel Aerospace Industries (IAI), Israel’s leading aerospace and defence company, have established a joint venture company (JVC) ▪ has been incorporated in the name of BEL IAI AeroSystems Private Ltd. ▪ The JVC with its registered office in Delhi shall be the single point of contact (SPOC) for extending long-term product support to the Medium Range Surface-to-Air Missile (MRSAM) systems of India's defence forces ▪ MRSAM is an advanced, path-breaking air and missile defence system that provides protection against a variety of aerial threats. ▪ It was jointly developed by IAI and DRDO for India's defence forces and is currently used by the Indian Air Force, Indian Army, Indian Navy and also Israeli defence forces ▪ Established in 1954 in Bangalore, Karnataka, BEL focuses on manufacturing advanced electronic products for both ground and aerospace applications.  BEL set to enter space sector, signs agreement with Canada’s Reliasat ▪ Navaratna Defence PSU Bharat Electronics Limited (BEL) signed a teaming agreement with Reliasat Inc. Canada to collaborate in the area of space products ▪ To collaborate in the area of space products. About BEL ▪ ESTD : 1954 ▪ HQ : Bangalore, Karnataka ▪ CMD : Manoj Jain Google and Muthoot Finance Partner to Offer Gold- Backed Loans via Google Pay ▪ GPay is expanding its offerings by introducing gold-backed secured loans in collaboration with Muthoot Finance. ▪ According to Google India MD Roma Datta Chobey, about 11 per cent of the world's gold is housed in India.  The Abu Dhabi Investment Authority (ADIA) will establish a subsidiary at GIFT City ▪ The Abu Dhabi Investment Authority (ADIA) has established a subsidiary at the Gujarat International Finance Tec-City (GIFT City), India's international financial services centre. ▪ The subsidiary has been granted regulatory approval by the International Financial Services Centre Authority (IFSCA) and is now operational. Puducherry SSP becomes first IPS officer to win gold at Commonwealth powerlifting ▪ At 46, Anita Roy became the first IPS officer to bag the gold medal in this powerlifting competition by lifting 70 kg. ▪ at the Commonwealth international classic bench press competition held in South Africa  Indian men’s team secures bronze at Asian Table Tennis Championships ▪ Asian Table Tennis Championships 2024 in Kazakhstan's Astana ▪ The Indian men’s team had also bagged bronze medals in 2021 and 2023. REVISION QUESTIONS Ayudha Puja in Tamil Nadu is primarily a celebration of the worship of: िसमलनाडु में आयुध पूजा मख् ु य रूप िे तनम्नसलखखि की पूजा का उत्िि है : a) Tools and equipment b) Animals and nature c) Food and agriculture d) Jewelry and wealth Answer: A Consider the following statements about the T-90 Bhishma tank: 1. It has been the Army’s main battle tank since 2003. 2. It is known for its firepower, speed, and protection. 3. It can achieve a maximum speed of 60 kilometres per hour. Which of the above given statement/s is/are correct? a) Only 1 and 2 b) Only 1 and 3 c) Only 2 and 3 d) All of the above Answer: d Who has been appointed as the chairman of Tata Trusts in 2024? 2024 में टाटा ट्रस्ट्ि का अध्यक्ष ककिे तनयक् ु ि ककया गया है ? a) Noel Tata b) Natarajan Chandrasekaran c) Maya Tata d) Shapoor Mistry Answer: A What is the location of Bihar's second tiger reserve that has received in-principle approval from the central government? बिहार का दि ू रा िाघ अभयारण्य कहाां श्स्टिि है श्जिे केंद्र िरकार िे िैदधाांतिक मांजरू ी समल गई है ? A) Valmiki district B) Kaimur district C) West Champaran district D) Patna district Answer: B Which organization has the Indian Navy signed a Memorandum of Understanding (MoU) with to provide voluntary life insurance options for Naval Civilians? भारिीय नौिेना ने नौिैतनक नागररकों के सलए स्टिैश्छिक जीिन िीमा विकल्प प्रदान करने के सलए ककि िांगठन के िाि िमझौिा ज्ञापन (एमओयू) पर हस्टिाक्षर ककए हैं? A) HDFC Life Insurance B) Bajaj Allianz Life Insurance C) SBI Life Insurance D) ICICI Prudential Life Insurance Answer: B Who became the first IPS officer to win a gold medal at the Commonwealth Powerlifting competition? कॉमनिेल्ि पािरसलश््टां ग प्रतियोथगिा में स्टिर्त पदक जीिने िाले पहले आईपीएि अथधकारी कौन िने? A) Anita Roy B) Ramesh Gupta C) Kumar Singh D) Sharma Mehta Answer: A Which party secured a historic third term in Haryana by winning 48 seats in the 2024 Assembly elections? ककि पाटी ने 2024 के विधानिभा चन ु ाि में 48 िीटें जीिकर हररयार्ा में ऐतिहासिक िीिरा कायतकाल हासिल ककया? A) Indian National Congress B) Aam Aadmi Party C) Bharatiya Janata Party (BJP) D) Janata Dal (United) Answer: C Which of the following statements is true regarding the SAARC Currency Swap Framework? िाकत मद्र ु ा स्टिैप फ्रेमिकत के िांिांध में तनम्नसलखखि में िे कौन िा किन ित्य है ? A. It came into operation on November 15, 2012. B. It is designed to provide long-term funding for foreign exchange liquidity. C. It does not include any financing support options. D. It is valid until December 31, 2025. Answer: A QUESTION OF THE DAY Who won the Nobel Peace Prize in 2024? 2024 में नोिेल शाांति पुरस्टकार ककिे समलेगा? a) Nihon Hidankyo b) David Baker c) Gary Ruvkun d) Kailash Satyarthi