The Hindu Review January 2024 PDF

Current Affairs | January 2024 1 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Curr...

Current Affairs | January 2024 1 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 Contents The Most Important Current Affairs January 2024......................................................................................... 3 Banking and Financial Current Affairs............................................................................................................. 23 Economy Current Affairs...................................................................................................................................... 25 Business Current Affairs...................................................................................................................................... 26 International Current Affairs.............................................................................................................................. 29 National Current Affairs....................................................................................................................................... 32 States Current Affairs............................................................................................................................................ 35 Schemes and Committees.................................................................................................................................... 38 Agreement/Memorandum of Understanding (MoU)................................................................................... 39 New Appointments: International..................................................................................................................... 41 Awards Current Affairs......................................................................................................................................... 43 Ranks and Reports Current Affairs................................................................................................................... 44 Sports Current Affairs........................................................................................................................................... 45 Summits And Conferences................................................................................................................................... 47 Important Days....................................................................................................................................................... 49 Defence Current Affairs........................................................................................................................................ 49 Science and Technology....................................................................................................................................... 51 Books & Authors..................................................................................................................................................... 53 Miscellaneous Current Affairs............................................................................................................................ 53 Obituaries Current Affairs................................................................................................................................... 55 Static Current Affairs............................................................................................................................................. 55 List of 8 Wonders of the World........................................................................................................................... 57 Comprehensive Book List on India’s Budget and Economy........................................................................ 57 2 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 The Most Important Current Affairs January 2024 Union Budget 2024 Detailed Sector Wise Expenditure Breakdown 1. On Revenue Account: The Budget allocates 36,54,657 In the Budget for the fiscal year 2024-25, the Union Government demonstrates a robust commitment to bolstering crore(36.54 Lakh Crore) on revenue account, covering economic growth through substantial investments in interest payments (11,90,440 crore) and grants in aid for infrastructure development. The total expenditure in the capital account creation (`3,85,582 crore). Budget is estimated at 47,65,768 crore (47.65 Lakh Crore), with 2. On Capital Account: Capital account expenditure is a significant focus on capital expenditure, reaching 11,11,111 estimated at 11,11,111 crore, contributing to the effective crore(11.11 Lakh Crore). This reflects a commendable increase capital expenditure of 14,96,693 crore. of 16.9% in capital expenditure over the Revised Estimates (RE) Deficit Metrics for 2023-24. 1. Fiscal Deficit: The fiscal deficit for 2024-25 is projected at Capital Expenditure Highlights `16,85,494 crore, constituting 5.1% of the Nominal GDP. 1. Total Capital Expenditure: The Budget allocates `11,11,111 2. Revenue Deficit and Effective Revenue Deficit: The crore for capital expenditure, marking a 16.9% surge over revenue deficit is anticipated to be 6,53,383 crore, while the RE for 2023-24. the effective revenue deficit is projected at 2,67,801 2. Effective Capital Expenditure: The effective capital crore. expenditure for 2024-25 is projected at `14,96,693 crore, 3. Primary Deficit: The primary deficit for 2024-25 is showcasing a substantial increase of 17.7% over the RE for estimated at `4,95,054 crore. 2023-24. Government’s Effective Capital Expenditure (in ₹ Crore) Overview State Finances In the fiscal year 2024-25 Budget, the government’s focus on 1. Total Resources to States: In the fiscal year 2024-25, effective capital expenditure is evident, with allocations resources transferred to states, including devolution, specified for key sectors. The below information provides a grants, loans, and centrally sponsored schemes, amount to breakdown of major items, showcasing the allocation and 22,22,264 crore(22.22 Lakh Crore). This represents a expenditure trends from the past fiscal years to the estimated noteworthy increase of 4,13,848 crore over the Actuals of figures for 2024-25. FY 2022-23. 2. Comparison with Previous Years: The total expenditure in Effective Capital Expenditure Breakdown the RE for 2023-24 stands at 44,90,486 crore, surpassing 1. Capital Expenditure: The Budget allocates ₹11,11,111 crore the Actuals of FY 2022-23 by 2,97,328 crore. The capital for capital expenditure in 2024-25, reflecting a strategic expenditure in the RE for 2023-24 is estimated at `9,50,246 commitment to investment in critical areas. crore. 2. Grants in Aid for Capital Assets: Under this category, Revenue and Capital Receipts ₹3,85,582 crore is allocated for creating capital assets, 1. Tax and Non-Tax Revenue: Tax revenue (Net to Centre) is emphasizing the government’s investment in long-term projected at 26,01,574 crore(26.01 Lakh Crore), while non- infrastructure development. tax revenue is estimated at 3,99,701 crore. 3. Total Expenditure of Major Items: The effective capital 2. Capital Receipts Breakdown: Capital receipts include expenditure for major items is detailed, covering key recovery of loans (29,000 crore), other receipts (50,000 sectors critical for economic growth. crore), and borrowings and other liabilities (`16,85,494 Expenditure of Major Items (in ₹ Crore) crore). 1. Pension: ₹2,39,612 crore is allocated, recognizing the importance of honoring commitments to retired personnel. 2. Defence: A substantial allocation of ₹4,54,773 crore emphasizes the government’s commitment to national security. 3. Subsidies: Noteworthy subsidies include Fertiliser (₹1,64,000 crore), Food (₹2,05,250 crore), and Petroleum (₹11,925 crore), addressing key sectors crucial for public welfare. 4. Agriculture and Allied Activities: ₹1,46,819 crore is earmarked for the development of agriculture and allied sectors. 5. Education: A significant allocation of ₹1,24,638 crore underscores the importance of investing in education for national progress. 3 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 6. Health: ₹90,171 crore is allocated to the health sector, Finance Commission Grants reflecting the government’s commitment to public well- I. Actual Grants (2022-23): Finance Commission Grants being. amounted to ₹1,72,760 crore, addressing specific 7. Interest Payments: With ₹11,90,440 crore allocated, developmental needs identified by the Finance managing interest payments remains a critical component Commission. of fiscal planning. II. Revised Estimates (2023-24): The revised estimate for 8. Others: Various sectors such as IT and Telecom, Rural 2023-24 is ₹1,40,429 crore, reflecting adjustments based Development, and Social Welfare receive targeted on the Commission’s recommendations and evolving fiscal allocations, emphasizing holistic development. priorities. III. Budget Estimates (2024-25): The budget allocates Allocations for specific ministries ₹1,32,378 crore for Finance Commission Grants, Defence Ministry: ₹6.1 lakh crore highlighting continued support for state-level development. Ministry of road transport and highways: ₹2.78 lakh crore Ministry of railways: ₹2.55 lakh crore Government of India’s Budget Allocation for Major Schemes Ministry of consumer affairs, food & public distribution: (2024-2025) ₹2.13 lakh crore In the proposed budget for the fiscal year 2024-2025, the Government of India has outlined a comprehensive allocation Ministry of home affairs: ₹2.03 lakh crore for various major schemes. These schemes are strategically Ministry of rural development: ₹1.77 lakh crore categorized into three sections, emphasizing their significance Ministry of chemicals and fertilizers: ₹1.68 lakh crore and funding priorities. Ministry of communications: ₹1.37 lakh crore Ministry of agriculture and farmer’s welfare: 1.27 lakh 1. Core of the Core Schemes (A): crore o Mahatma Gandhi National Rural Employment Guarantee Ministry of Education: ₹1.24 Lakh Crore Program: ₹86,000 crore Ministry of Health: ₹90,171 Crore o National Social Assistance Program: ₹9,652 crore o Umbrella Programme for Development of Minorities: ₹913 Transfer of Resources to States and Union Territories with crore Legislature (in ₹ Crore) Overview o Umbrella Programme for Development of Other Vulnerable The allocation and transfer of resources to states and union Groups: ₹2,150 crore territories play a crucial role in fostering balanced development o Umbrella Programme for Development of Scheduled across regions. The below information provides a breakdown of Tribes: ₹4,241 crore actuals for 2022-23, revised estimates for 2023-24, and budget o Umbrella Scheme for Development of Schedule Castes: estimates for 2024-25. ₹9,560 crore Devolution of States Share in Taxes 2. Core Schemes (B): I. Actual Devolution (2022-23): ₹9,48,406 crore was o Pradhan Mantri Awas Yojna (PMAY): ₹80,671 crore devolved to states, forming a critical component of their o Jal Jeevan Mission/National Rural Drinking Water fiscal resources. Mission: ₹70,163 crore II. Revised Estimates (2023-24): The revised estimate for o National Health Mission: ₹38,183 crore 2023-24 is ₹11,04,494 crore, indicating an increase in the o Samagra Shiksha: ₹37,500 crore devolution share. o Pradhan Mantri Gram Sadak Yojna: ₹19,000 crore III. Budget Estimates (2024-25): The budget proposes a o National Livelihood Mission – Ajeevika: ₹15,047 crore further increase, with ₹12,19,783 crore earmarked for o Pradhan Mantri Poshan Shakti Nirman: ₹12,467 crore devolution, emphasizing the government’s commitment to o Pradhan Mantri Krishi Sinchai Yojna: ₹11,391 crore empowering states financially. o Urban Rejuvenation Mission (AMRUT and Smart Cities): ₹10,400 crore Some Important Items of Transfer o Rashtriya Krishi Vikas Yojna: ₹7,553 crore I. Actual Transfer (2022-23): ₹1,20,366 crore was allocated o Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana: for essential items, supporting various initiatives at the ₹7,500 crore state level. o Krishionnati Yojana: ₹7,447 crore II. Revised Estimates (2023-24): The revised estimate for o Swachh Bharat Mission (Gramin): ₹7,192 crore 2023-24 stands at ₹1,60,986 crore, reflecting adjustments o Assistance to States Agencies for Intra-State Movement of in response to evolving fiscal needs. Foodgrains: ₹7,075 crore III. Budget Estimates (2024-25): The budget earmarks o PM Schools for Rising India: ₹6,050 crore ₹1,88,703 crore for important items of transfer, o Swachh Bharat Mission: ₹5,000 crore underscoring the government’s focus on targeted financial o Pradhan Mantri Ayushman Bharat Health Infrastructure support. Mission: ₹4,108 crore 4 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 o Modernisation of Police Forces: ₹3,720 crore o Other works: ₹1,500 crore o Interlinking of Rivers: ₹3,500 crore o Border Area Development Programme: ₹2,000 crore o Mission Shakti: ₹3,146 crore o Pradhan Mantri Bhartiya Janaushadhi Pariyojana: ₹300 o Blue Revolution: ₹2,352 crore crore o Pradhan Mantri Uchchatar Shiksha Abhiyan: ₹1,815 crore o Solar Rooftop Scheme: ₹2,000 crore o Mission VATSALYA: ₹1,472 crore o Interest Subsidy Scheme for Housing the Urban Poor: o Strengthening Teaching-Learning and Results for States: ₹10,000 crore ₹1,250 crore o Pradhan Mantri Awaas Yojana (Urban): ₹9,500 crore o Rashtriya Gram Swaraj Abhiyan: ₹1,064 crore o Subsidy for Interest on Loans under Atal Bimit Vyakti Kalyan o Vibrant Villages Programme: ₹1,050 crore Yojana: ₹408 crore o Infrastructure Facilities for Judiciary: ₹1,000 crore International Assistance Schemes Allocation o Prime Minister Formalisation of Micro Food Processing Enterprises Scheme: ₹880 crore 1. Scheme for Bhutan: o Environment, Forestry and Wildlife: ₹714 crore o Actual 2022-2023: ₹2467 crore o National River Conservation Plan – Other Basins: ₹592 o Budget Estimates 2023-2024: ₹2401 crore crore o Revised Estimates 2023-2024: ₹2399 crore o Budget Estimates 2024-2025: ₹2069 crore 3. Major Central Sector Schemes (C): o Crop Insurance Scheme: ₹14,600 crore 2. Scheme for Nepal: o Pradhan Mantri Kisan Samman Nidhi: ₹60,000 crore o Actual 2022-2023: ₹434 crore o Formation and Promotion of 10,000 Farmer Producer o Budget Estimates 2023-2024: ₹550 crore Organizations: ₹582 crore o Revised Estimates 2023-2024: ₹650 crore o Modified Interest Subvention Scheme: ₹22,600 crore o Budget Estimates 2024-2025: ₹700 crore o Pradhan Mantri Annadata Aay Sanrakshan Yojna: ₹1,738 3. Maldives Assistance: crore o Actual 2022-2023: ₹183 crore o Agriculture Infrastructure Fund: ₹600 crore o Budget Estimates 2023-2024: ₹400 crore o Crop Science for Food and Nutritional Security: ₹930 crore o Revised Estimates 2023-2024: ₹771 crore o Research and Development Projects: ₹1,200 crore o Budget Estimates 2024-2025: ₹600 crore o Nuclear Power Projects: ₹2,228 crore o Feedstock: ₹1,253 crore 4. Support to International Training/Programmes: o R&D projects of Bhabha Atomic Research Centre: ₹1,100 o Actual 2022-2023: ₹480 crore crore o Budget Estimates 2023-2024: ₹435 crore o Fuel Recycle Projects: ₹805 crore o Revised Estimates 2023-2024: ₹1105 crore o Nuclear Fuel Fabrication Projects: ₹764 crore o Budget Estimates 2024-2025: ₹769 crore o Urea Subsidy: ₹1,19,000 crore o Nutrient Based Subsidy: ₹45,000 crore Abu Dhabi’s First Temple to be Inaugurated by PM Modi on 14 o Development of Industry (Pharmaceutical): ₹1,300 crore Feb o Production Linked Incentive Scheme (Pharmaceutical): Weeks after the consecration of the Ram Mandir in Ayodhya, ₹2,143 crore Prime Minister Narendra Modi is set to inaugurate another o Regional Connectivity Scheme: ₹502 crore significant temple on February 14 in Abu Dhabi. The BAPS o Interest Equalisation Scheme: ₹1,700 crore Hindu Mandir, located in the capital’s Abu Mureikha area, o Industrial Development Scheme for Himachal Pradesh & marks the first Hindu temple in the UAE and is anticipated to be Uttarakhand: ₹567 crore one of the largest and most exquisite Hindu temples outside of o Fund of Funds: ₹1,200 crore India, as well as the largest in West Asia. o Refund of Central and Integrated GST to Industrial Units in North Eastern Region and Himalayan States: ₹1,382 crore Background and Diplomatic Significance o Compensation to Service Providers for creation and During PM Modi’s first visit to the UAE in 2015, the country augmentation of telecom infrastructure: ₹2,000 crore allocated land in Abu Dhabi for the construction of a Hindu o Domestic Industry Incentivisation Scheme: ₹1,911 crore temple. This visit held diplomatic importance, making Modi the first Indian Prime Minister in 34 years to visit the strategic Gulf o Pradhan Mantri Garib Kalyan Anna Yojana: ₹2,05,250 crore nation. The temple project was inaugurated by the PM in February 2018, and construction commenced in December o Works under Border Roads Development Board: ₹6,500 2019. crore 5 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 BAPS Hindu Mandir Details Multi-Faceted Development Initiatives Location: Abu Dhabi’s Abu Mureikha area. Apart from the internet cable, other projects include a thermal Size and Cost: Built on over 5.4 hectares at a cost of Rs 700 desalination plant, tap connections under Jan Jeevan Mission, a crore. solar power plant, and the headquarters of Indian Reserve Architecture: Incorporates intricately designed pink Battalion. The PM also laid the foundation for healthcare facility sandstone and marble façade with seven spires renovation and Nand Ghar model Anganwadis on different representing each of the Emirates of the UAE. islands. Materials Used: 40,000 cubic meters of marble, 1,80,000 Empowering Youth through Education and Infrastructure cubic meters of sandstone, and over 1.8 million bricks. Highlighting the absence of higher education institutions in the Facilities: The complex includes a large amphitheatre, a past, PM Modi emphasized recent steps to address this issue. gallery, a library, a food court, a majlis, two community Initiatives include launching educational institutions for arts and halls accommodating 5,000 people, gardens, and children’s science on Andrott and Kadmat islands and a Polytechnic play areas. College in Minicoy. The PM also distributed laptops to college students, bicycles to girl school students, Kisan Credit Cards, BAPS Hindu Mandir Design and Inspiration and PMJAY Cards, showcasing a holistic approach towards the The temple’s design draws inspiration from Vedic socio-economic development of Lakshadweep. architecture and sculptures. Artisans in India crafted many statues and carvings, shipped PM Modi Launched PRITHVI VIGYAN Scheme worth nearly to Abu Dhabi. 4,800 crore rupees BAPS Organization: The Indian government, under the leadership of Prime Minister Full Form: Bochasanwasi Shri Akshar Purushottam Shri Narendra Modi, has launched an ambitious initiative Swaminarayan Sanstha (BAPS). named PRITHVI (PRITHvi VIgyan), a comprehensive scheme by Roots: A socio-spiritual Hindu faith rooted in the Vedas, the Ministry of Earth Sciences. With a significant budget of Rs. pioneered by Bhagwan Swaminarayan in the late 1700s. 4,797 crore, the program spans from 2021-26, marking a new Establishment: Formally established in 1907 by Shastriji era in the study and understanding of Earth sciences in India. Maharaj (1865-1951). Objectives of PRITHVI Scheme Global Presence: BAPS claims to operate over 3,850 centers The PRITHVI scheme aims to revolutionize our understanding worldwide, including 1,100 temples. and interaction with various Earth systems. Its objectives Notable Project: BAPS was behind the construction of include: Akshardham in Robbinsville, New Jersey, the world’s Long-Term Observations: Strengthening the continuous largest Hindu temple outside of India. monitoring of the Earth’s atmosphere, oceans, geosphere, Akshardham Mahamandir (Robbinsville, New Jersey) cryosphere, and solid earth to track and record essential Size: Spans 185 acres and stands at 191 feet high. changes. Construction: Used 1.9 million cubic feet of stone from 29 Model Development: Creating advanced models for better different sites worldwide, including Bulgaria, Italy, Greece, forecasting of weather, oceanic, and climatic hazards, and Turkey, and India. deepening the understanding of climate change. Affiliation: Akshardham temples in Delhi and Gujarat are Polar and Oceanic Exploration: Venturing into the also run by BAPS. unexplored polar regions and high seas to discover new phenomena and resources. PM Modi Inaugurates ₹1,156 Crore Projects in Lakshadweep Technology Advancement: Innovating technologies for the sustainable exploitation of oceanic resources, benefiting In a significant development, Prime Minister Narendra Modi society. inaugurated projects worth ₹1,156 crore during his visit to the Knowledge Translation: Converting scientific insights into Lakshadweep islands. Among these projects is the Kochi- practical services for societal, environmental, and Lakshadweep Islands Submarine Optical Fibre Cable, a ₹1,072- economic advantages. crore initiative providing 100 Gbps internet connectivity to the islands. The Role of the Ministry of Earth Sciences The Ministry of Earth Sciences (MoES) plays a pivotal role in this Enhancing Connectivity and Internet Speeds initiative, translating scientific knowledge into valuable services The undersea cable link, executed by Japanese firm NEC and for society. These services encompass: laid by BSNL, promises 100 times faster internet for the Weather forecasts and warnings. residents of Lakshadweep. Covering 1,868 kilometers, it Alerts for natural disasters like cyclones, floods, and connects Kavaratti, Agatti, Amini, Kadmat, Chetlet, Kalpeni, tsunamis. Minicoy, Androth, Kiltan, Bangaram, and Bitra. This initiative Earthquake monitoring and more. allows telecom companies to offer 4G, 5G, and high-speed The MoES’s work in this regard has been instrumental in saving broadband for the first time in the archipelago. lives and reducing property damage during natural disasters. 6 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 Prithiv Scheme: Operational and Research Framework Category Winner The MoES conducts its research and operational activities Best Film – Drama Oppenheimer through ten esteemed institutes, including: Lily Gladstone, Killers of the India Meteorological Department (IMD) Best Actress – Drama Flower Moon National Centre for Medium Range Weather Forecasting (NCMRWF) Best Film – Musical or Comedy Poor Things Centre for Marine Living Resources and Ecology (CMLRE) Best Actor – Musical or Comedy Paul Giamatti, The Holdovers And others Best TV Series – Drama Succession These institutes work in tandem, supported by a fleet of Best Actress in a TV Series – research vessels, to conduct ground-breaking research and Sarah Snook, Succession Drama provide essential services. Best TV Series – Musical or The Bear Earth System Sciences: A Multidisciplinary Approach Comedy Earth System Sciences encompass the comprehensive study of Best Limited Series, Anthology Beef the Earth’s atmosphere, hydrosphere, geosphere, cryosphere, Series or TV Movie and biosphere. MoES’s PRITHVI scheme takes a holistic Cinematic and Box Office Barbie approach to these disciplines, integrating their complex Achievement interactions for a deeper understanding of Earth sciences. What Was I Made For? by The Impact of PRITHVI Best Original Song Billie Eilish and Finneas PRITHVI promises to unify various disciplines under Earth (Barbie) sciences, fostering integrated, multidisciplinary research. This Ludwig Göransson, Best Original Score collaborative effort aims to address significant challenges in Oppenheimer weather, climate, oceanography, cryospheric studies, Best Actor – Drama Cillian Murphy, Oppenheimer seismology, and sustainable resource utilization. Best Actress – Musical or Emma Stone, Poor Things In conclusion, the PRITHVI scheme represents a significant leap Comedy forward in the realm of Earth sciences in India. It not only Christopher Nolan, enhances our understanding of Earth’s complex systems but Best Director Oppenheimer also ensures that this knowledge is transformed into practical Best Animated Film The Boy and the Heron applications for societal benefit. With its comprehensive Best Actor in a TV Series – approach and robust framework, PRITHVI is set to make a Kieran Culkin, Succession Drama lasting impact on how we interact with and understand our Best Actress in a TV Series – planet. Ayo Edebiri, The Bear Musical or Comedy Golden Globes Awards 2024: Here is the full list of winners Best Non-English Language Film Anatomy of a Fall Best Performance in Stand-Up Ricky Gervais, Ricky Gervais The 81st Golden Globe Awards are set to be presented in a Comedy on TV Armageddon lavish event at The Beverly Hilton in Beverly Hills, California, Best Actor in a TV Series – USA. This year’s ceremony is anticipated to be highlighted by Jeremy Allen White, The Bear Musical or Comedy Greta Gerwig’s widely popular film Barbie and Christopher Nolan’s hit movie Oppenheimer. Barbie is at the forefront with Justine Triet and Arthur Best Screenplay nine nominations, including Best Picture Musical or Comedy, Harari, Anatomy of a Fall and acting nods for Margot Robbie and Ryan Gosling, along with Best Supporting Actor in a TV Matthew Macfadyen, three nominations for its original songs. Series Succession Meanwhile, Oppenheimer has received eight nominations, Best Supporting Actress in a TV Elizabeth Debicki, The Crown featuring Best Picture Drama and nominations for actors Cillian Series Murphy, Robert Downey Jr., and Emily Blunt. In terms of Best Actor in a Limited Series, Steven Yeun, Beef television, Succession leads with nine nominations, including Anthology Series or TV Movie nods for its cast members Brian Cox, Jeremy Strong, Sarah Best Actress in a Limited Series, Ali Wong, Beef Snook, and Kieran Culkin. Anthology Series or TV Movie Robert Downey Jr, Here’s the complete list of Golden Globes Awards 2024 Best Supporting Actor ‘Oppenheimer’ and ‘Poor Things’ win big at the 81st Golden Oppenheimer Globe Awards, while shows ‘Succession’ and ‘The Bear’ also Da’Vine Joy Randolph, The Best Supporting Actress made headlines. Check the complete list in tabular form: Holdovers 7 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 RBI’s Financial Stability Report (FSR) – December 2023: Key Recent risk weight adjustments in retail loan categories Highlights may impact NBFC credit growth at sectoral and sub- sectoral levels. The Reserve Bank of India (RBI) recently released the 28th issue of the Financial Stability Report (FSR), offering a Overall System Stability: comprehensive evaluation of the Indian financial system’s The Indian financial system, while stable, faces heightened resilience and potential risks. The report, based on the findings global uncertainty, requiring continuous monitoring to of the Sub-Committee of the Financial Stability and detect any undue risk build-up. Development Council (FSDC), sheds light on both global and Prudent management of exposures and building financial domestic economic conditions. buffers is emphasized to address potential challenges. Key Highlights of FSR Dec 2023 Non-Banking Financial Companies (NBFCs): Key Characteristics and Global Economic Challenges: Role The global economy faces multifaceted challenges, Characteristics of NBFCs: including the prospects of slowing growth, elevated public Legal Framework: NBFCs are entities registered under the debt, economic fragmentation, and geopolitical conflicts. Companies Act, 1956. Resilience of the Indian Economy: Financial Activities: They engage in diverse financial Despite global challenges, the Indian economy and financial activities, including loans, advances, and the acquisition of system exhibit resilience, supported by robust securities. macroeconomic fundamentals, healthy financial institution Exclusions from Principal Business: balance sheets, moderate inflation, improved external Scope: NBFCs exclude institutions primarily involved in sector position, and ongoing fiscal consolidation. agriculture, industrial activity, trading, or the purchase/sale Commercial Banks’ Health: of immovable properties. Scheduled commercial banks (SCBs) showcase strength Regulatory Oversight: with a Capital to Risk-Weighted Assets Ratio (CRAR) of Primary Regulator: NBFCs are primarily regulated and 16.8% and a Common Equity Tier 1 (CET1) ratio of 13.7% in governed by the Reserve Bank of India (RBI). September 2023. Additional Oversight: Some NBFCs may fall under the SCBs’ Gross Non-Performing Assets (GNPA) ratio hits a regulatory purview of other authorities like the Securities multi-year low at 3.2%, with Net Non-Performing Assets and Exchange Board of India (SEBI), Insurance Regulatory (NNPA) at 0.8% in September 2023. and Development Authority of India (IRDAI), etc. Macro Stress Tests: Operational Limitations: Stress tests project SCBs’ compliance with minimum capital Demand Deposits: NBFCs cannot accept demand deposits. requirements, projecting a system-level CRAR of 14.8%, Payment and Settlement System: They are not part of the 13.5%, and 12.2% in September 2024 under baseline, payment and settlement system and cannot issue cheques medium, and severe stress scenarios. drawn on themselves. Non-Banking Financial Companies (NBFCs): Deposit Insurance: Deposit insurance facility is not NBFC sector resilience improves with a CRAR of 27.6%, available to depositors of NBFCs. GNPA ratio at 4.6%, and Return on Assets (RoA) at 2.9% in Contribution to Financial Inclusion: September 2023. Bridge Gap: NBFCs play a crucial role in bridging the gap High-risk stress scenario in the NBFC sector warrants between traditional banks and customers. monitoring due to increased inter-bank exposure, although Access to Credit: Their presence is significant in areas system failure is not anticipated. where traditional banks have limited reach, contributing Credit and Deposit Growth: significantly to financial inclusion and access to credit. Credit growth remains robust, and deposit growth gains Financial Stability and Development Council (FSDC) momentum in the Indian financial system. Establishment: The FSDC was established in 2010 with the NBFCs contribute significantly to credit growth, particularly objective of strengthening and institutionalizing in personal loans and loans to the industry, with improved mechanisms for maintaining financial stability. asset quality. Leadership: The ex-officio chairman of FSDC is the Finance Concerns and Contagion Risks: Minister. Risks in the NBFC sector are assessed to be higher, and Mandate: The council aims to enhance inter-regulatory contagion risks may increase due to heightened inter-bank coordination and promote the overall stability and growth exposure. of the financial sector in India. 8 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 Financial Stability Report 2023: Key Highlights (June) Inaugurated jointly by Jaishankar and Nepal’s N P Saud, The 27th Financial Stability Report for June 2023, released by post-quake reconstruction projects include schools, health the Reserve Bank of India (RBI), outlines the global economic facilities, and cultural heritage sites. scenario and underscores India’s resilience despite prevailing 3. Transformative Ties challenges. Jaishankar highlighted the transformation in India-Nepal Global Economic Landscape: relations, emphasizing connectivity in physical, digital, and Challenges: Heightened uncertainty globally due to banking energy realms as a foundation for collaboration. fragility, geopolitical tensions, and persistent but Tribhuvan University Central Library in Kathmandu was moderating inflation. inaugurated, symbolizing strengthened people-to-people linkages. Indian Economic Resilience: Strengths: India’s economy and financial system display 4. Shared Responsibilities resilience, buoyed by robust macroeconomic fundamentals EAM Jaishankar emphasized the shared responsibilities in and sustained growth momentum. building ties and commended India’s post-2015 earthquake Positive Indicators: Current account deficit closure, efforts, including funding for 50,000 houses. increased forex reserves, ongoing fiscal consolidation, and 5. Treaty Review a robust financial system contribute to India’s sustained Both sides reviewed various aspects of bilateral relations, growth path. including the 1950 Treaty of Peace and Friendship, security Banking System Strength: matters, and boundary-related issues. Historical Highs: Scheduled commercial banks (SCBs) 6. The ‘HIT’ Formula achieve historic highs in Capital-to-Risk-Weighted Assets Referring to PM Modi’s 2014 visit, Jaishankar recalled the Ratio (CRAR) at 17.1% and Common Equity Tier 1 (CET1) ‘HIT’ formula for India-Nepal relations: Highways, Iways ratio at 13.9% in March 2023. (Information ways), and Transways (Connectivity). Improved Asset Quality: SCBs witness a 10-year low in 7. Power Trade Agreement Gross Non-Performing Assets (GNPA) ratio at 3.9%, and Net A long-term power trade agreement was signed, aiming to Non-Performing Assets (NNPA) ratio declines to 1.0% in increase Nepal’s power export to India to 10,000 MW March 2023. within the next 10 years. Currently, Nepal’s electricity Macro Stress Tests: capacity is around 2,600 MW. Capital Adequacy: SCBs are projected to comply with minimum capital requirements even under severe stress Ministry of Youth Affairs & Sports Announced the National scenarios. Sports Awards 2023 System-level CRAR: March 2024 projections stand at The Ministry of Youth Affairs & Sports announced the National 16.1%, 14.7%, and 13.3% under baseline, medium, and Sports Awards 2023, honouring individuals and institutions that severe stress scenarios, demonstrating resilience. have excelled in their respective fields. The awards ceremony, held at Rashtrapati Bhavan, witnessed the presentation of EAM S. Jaishankar Boosts India-Nepal Relations in Two-Day various awards to sportspersons, coaches, and entities for their Visit outstanding contributions to sports in the country. In a diplomatic triumph, India’s External Affairs Minister (EAM) National Sports Award 2023 S. Jaishankar concluded his two-day visit to Nepal, solidifying President Droupadi Murmu has conferred the Arjuna Awards ties through various initiatives and agreements. The pivotal to various sports personalities at the Rashtrapati Bhawan. The event of the visit was the 7th India-Nepal Joint Commission second-highest athletic honour in India, the Arjuna Award, is meeting, culminating in a landmark accord for India to import given for demonstrating leadership, sportsmanship, and 10,000 MW of hydroelectricity from Nepal over the next discipline along with good performance over the preceding four decade. years. Several athletes across various sports were selected for the 1. Key Agreements National Sports and Adventure Awards 2023, including World The 7th India-Nepal Joint Commission meeting resulted in a Cup star Mohammed Shami, Asian Games heroes Ojas Pravin significant pact: India will import 10,000 MW of Deotale, shooter Aishwarya Pratap Singh Tomar and Parul hydroelectricity from Nepal over the next decade. Chaudhary. The Sports Ministry in December had declared 2. Reconstruction Aid nominees for the annual sports awards, confirming the India announced a financial package of Nepali Rs 1,000 prestigious Khel Ratna honour for badminton players Satwik crore (USD 75 million) for rebuilding infrastructure in areas Sairaj Rankireddy and Chirag Shetty and the Arjuna award for affected by the 2015 earthquake. 26 sports persons. 9 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 Full list of National Sports Awards 2023 Six Nations Top Global Passport Ranking, With Access To 194 Here is the complete list of winners who got National Sports Destinations Awards, for his/her remarkable contribution to their respective sports: In a significant development, France, Germany, Italy, Japan, Singapore, and Spain share the top spot in the quarterly Name Sport ranking of the world’s most powerful passports. Enjoying visa- Mohammed Shami Cricket free or visa-on-arrival access to an impressive 194 destinations, this marks a historic high since the inception of the Henley Pawan Sehrawat Kabaddi Passport Index 19 years ago. Ritu Negi Kabaddi Triumphant Rise of Europe: Second and Third Positions Vaishali Rameshbabu Chess Japan and Singapore, holding the top position for the past five Murali Sreeshankar Athletics years, now see a triumphant rise for Europe. Finland and Parul Chaudhary Athletics Sweden, tied with South Korea, secure the second spot with easy access to 193 destinations. Following closely, Austria, Krishan Bahadur Pathak Hockey Denmark, Ireland, and the Netherlands claim the third position, Sushila Chanu Hockey providing access to 192 destinations. Sunil Kumar Wrestling Global Passport Rankings: Fourth and Fifth Positions Antim Panghal Wrestling The fourth position is collectively held by Belgium, Aditi Gopichand Swami Archery Luxembourg, Norway, Portugal, and the United Kingdom, with access to 193 destinations. Greece, Malta, and Switzerland Ojas Pravin Deotale Archery secure the fifth spot. Ayhika Mukherjee Table Tennis Noteworthy Improvements: Australia, New Zealand, Czechia, and Mohammad Hussamuddin Boxing Poland Esha Singh Shooting Australia and New Zealand have advanced their standings, now Aishwary Pratap Singh Tomar Shooting sharing the sixth position with Czechia and Poland. The United Naorem Roshibina Devi Wushu States and Canada, along with Hungary, are tied in seventh place, boasting visa-free access to 188 destinations. Diksha Dagar Golf India’s Passport Ranking in 2024: Position 80 with Access to 62 Harinder Pal Sandhu Squash Countries Sheetal Devi Para-Archery India secures the 80th position, with visa-free access to 62 countries. The global passport landscape showcases varying Anush Agarwalla Equestrian degrees of accessibility, highlighting the significance of Divyakriti Singh Equestrian Dressage diplomatic relations and international cooperation. Nasreen Shaikh Kho-Kho World’s Most Powerful Passports for 2024: A Snapshot Pinki Singh Lawn bowls The ranking underscores the evolving dynamics of global travel Illuri Ajay Kumar Reddy Blind cricket and the importance of diplomatic ties in facilitating international mobility. Prachi Yadav Para Canoeing Major Dhyan Chand Khel Ratna Award: Rank Countries Destinations Satwik Sairaj Rankireddy and Chirag Shetty (badminton) France, Germany, Italy, Japan, 1 194 Singapore, Spain Dronacharya Award for Outstanding Coaches in Sports and Games 2 Finland, South Korea, Sweden 193 2023: Ganesh Prabhakaran (mallakhamb), Mahavir Saini (para 3 Austria, Denmark, Ireland, Netherlands 192 athletics), Lalit Kumar (wrestling), RB Ramesh (chess), Belgium, Luxembourg, Norway, 4 193 Shivendra Singh (hockey). Portugal, United Kingdom Dhyan Chand Lifetime Award 5 Greece, Malta, Switzerland 190 Kavita (kabaddi), Manjusha Kanwar (badminton), Vineet 6 Czech Republic, New Zealand, Poland 189 Kumar Sharma (hockey). 7 Canada, Hungary, United States 188 Maulana Abul Kalam Azad (MAKA) Trophy 2023: 8 Estonia, Lithuania 187 Guru Nanak Dev University, Amritsar (winner), 9 Latvia, Slovakia, Slovenia 186 Lovely Professional University, Punjab (1st runners-up), Kurukshetra University, Kurukshetra (2nd runners-up). 10 Iceland 185 10 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 The ranking underscores the evolving dynamics of global travel Key Statistics and Achievements and the importance of diplomatic ties in facilitating Data revealed that 4,447 urban local bodies participated in international mobility. Swachh Survekshan 2023, making it the world’s largest cleanliness survey. Swachh Survekshan Awards 2023: Indore and Surat Share The survey received an impressive 12 core citizen Cleanest City Title responses, reflecting widespread public engagement. In a prestigious ceremony hosted by the Ministry of Housing Emmys Awards 2024, Complete List Of Winners and Urban Affairs (MoHUA), the Swachh Survekshan Awards 2023 witnessed President Droupadi Murmu conferring The Emmy Awards 2024 marked another spectacular event in accolades to 13 distinguished awardees across various television history, celebrating outstanding achievements in the cleanliness categories. TV industry. The Emmy Awards 2024 ceremony showcased the best and brightest in television. With many shows vying for the Cleanest City Title: Indore and Surat Joint Winners top honours, the event was a testament to contemporary Indore, for the remarkable seventh consecutive time, secured television’s diverse and dynamic nature. HBO’s “Succession” led the cleanest city title. However, this year, it shared the honors the nominations, indicating the show’s significant impact on with Surat, marking a unique joint victory. The President, Smt. audiences and critics alike. This is the Droupadi Murmu, presented the awards at the Bharat 75th Primetime Emmy Awards. Mandapam, New Delhi. Anthony Anderson, the veteran actor who spent several years Top Performers in Other Categories as the star of ABC’s “black-ish,” scored several laughs and Cities with Population under 1 Lakh: Sasvad, Patan, and appreciative applause as he started his hosting gig at the 75th Lonavala claimed the top three spots. Emmy Awards. Cleanest Cantonment Board: Mhow Cantonment Board in Here’s the complete List of Emmys Awards 2024 Madhya Pradesh emerged as the top performer. The Emmy Awards 2024 was a night of celebration for Cleanest Ganga Towns: Varanasi and Prayagraj received television excellence. This year’s ceremony saw a wide array of recognition as the best and cleanest Ganga towns. talent and shows recognized for their remarkable contributions Best Performing States: Maharashtra, Madhya Pradesh, to the industry. Below is a comprehensive overview of the and Chhattisgarh secured the top three awards for their winners across various categories. outstanding performance. Safaimitra Surakshit Sheher: Chandigarh received the Category Winner(s) award for the Best Safaimitra Surakshit Sheher. Drama Series Succession Swachh Survekshan 2023 Highlights Comedy Series The Bear The President launched the Swachh Survekshan 2023 Lead Actress in a Drama Series Sarah Snook (Succession) dashboard during the ceremony. Lead Actor in a Drama Series Kieran Culkin (Succession) A total of 110 awards were bestowed, celebrating excellence in cleanliness initiatives. Limited or Anthology Series Beef The theme for the Cleanliness Survey 2024 is “Reduce, Lead Actress in a Limited or Ali Wong (Beef) Reuse, and Recycle.” Anthology Series or Movie The ceremony was attended by Union Housing and Urban Lead Actor in a Limited or Steven Yeun (Beef) Affairs Minister Hardeep Singh Puri and other dignitaries. Anthology Series or Movie Elton John Live: Farewell Variety Special (Live) from Dodger Stadium Directing for a Drama Series Mark Mylod (Succession) Writing for a Limited or Lee Sung Jin (Beef) Anthology Series or Movie Jesse Armstrong Writing for a Drama Series (Succession) Supporting Actor in a Limited or Paul Walter Hauser (Black Anthology Series or Movie Bird) Directing for a Limited or Lee Sung Jin (Beef) Anthology Series or Movie The Daily Show With Talk Series Trevor Noah Writing for a Variety Series Last Week Tonight With 11 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 Category Winner(s) Accolades and Nominations: Cummins, who played a key John Oliver role in Australia winning the World Test Championship and the Men’s Cricket World Cup in 2023, is now nominated for Outstanding Competition RuPaul’s Drag Race the prestigious Sir Garfield Sobers Trophy in the ICC Awards Program 2023. Christopher Storer (The Writing for a Comedy Series Bear) 2. Deepti Sharma: Multi-Format Brilliance Christopher Storer (The India’s Deepti Sharma made history by winning her maiden ICC Directing for a Comedy Series Women’s Player of the Month award for December. Sharma’s Bear) Niecy Nash-Betts exceptional performances across all three formats, especially Supporting Actress in a Limited against England and Australia, earned her this well-deserved (Monster: The Jeffrey or Anthology Series or Movie recognition. Dahmer Story) Last Week Tonight With T20I and Test Brilliance: Sharma began the month with Scripted Variety Series John Oliver solid contributions in T20Is against England, setting the Jeremy Allen White (The stage for a remarkable Test performance. In the Test Lead Actor in a Comedy Series against England, she scored 67 runs and showcased her Bear) Supporting Actor in a Comedy Ebon Moss-Bachrach (The bowling prowess with a stunning nine-wicket haul. Series Bear) Test Triumph Against Australia: Deepti continued her Supporting Actor in a Drama Matthew Macfadyen exceptional run in the Test against Australia, top-scoring Series (Succession) with a crucial 78 runs, contributing significantly to India’s Supporting Actress in a Drama Jennifer Coolidge (The eight-wicket victory. Series White Lotus) Consistent ODI Performances: The subsequent ODI Quinta Brunson (Abbott matches against Australia witnessed more brilliance from Lead Actress in a Comedy Series Sharma, including a remarkable five-for in one encounter. Elementary) Supporting Actress in a Comedy Ayo Edebiri (The Bear) US Leads 2024 Military Rankings, India Fourth, Bhutan Ranks Series Lowest ICC Players of the Month for December 2023, Pat Cummins The Global Firepower’s Military Strength Rankings for 2024 and Deepti Sharma Shine offer a comprehensive assessment of military capabilities The cricketing world witnessed outstanding performances in worldwide. The rankings, encompassing 145 countries, take into account more than 60 factors, including troop numbers, military December 2023, and the International Cricket Council (ICC) equipment, financial stability, geographic location, and available duly recognized the brilliance of Australia’s Pat Cummins and resources. The culmination of these factors results in a India’s Deepti Sharma. In a month that showcased cricketing PowerIndex score, providing a nuanced perspective on global prowess across formats, Cummins and Sharma stood out, military strength. earning the prestigious ICC Men’s and Women’s Player of the Month awards. Top 10 Most Powerful Militaries The top 10 countries with the most powerful militaries in the 1. Pat Cummins: A Bowling Maestro world, according to Global Firepower’s rankings for 2024, are as Australia’s skipper, Pat Cummins, capped off a stellar year with follows: the ICC Men’s Player of the Month award for December. Cummins played a pivotal role in Australia’s Test series triumph Sno. Country Power Index against Pakistan, displaying exceptional leadership and bowling 1 United States 0.0699 prowess. 2 Russia 0.0702 Dominant Test Series Performance: Cummins led from the 3 China 0.0706 front in Australia’s Test series victory over Pakistan, 4 India 0.1023 contributing significantly to their successful campaign in 2023. 5 South Korea 0.1416 Inspiring Melbourne Spell: The highlight of Cummins’ 6 United Kingdom 0.1443 month came in the second Test against Pakistan in 7 Japan 0.1601 Melbourne, where he showcased his bowling mastery by 8 Turkey 0.1697 taking ten wickets. His crucial five-for in the second innings, 9 Pakistan 0.1711 including the prized wicket of Mohammed Rizwan, secured a dramatic victory for Australia. 10 Italy 0.1863 12 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 These rankings reflect the culmination of various factors, 3. Men’s Coach of the Year: Pep Guardiola showcasing the strengths and capabilities of each nation’s Pep Guardiola, the coach of Manchester City, was named military. the Best Men’s Coach. 10 Countries with the Least Powerful Militaries Under his leadership, Manchester City achieved a historic In contrast, the report also highlights the countries with the treble, including their first Champions League. least powerful militaries, emphasizing the diversity of global 4. Women’s Coach of the Year: Sarina Wiegman military capabilities. The bottom 10 countries in the rankings for 2024 are: England coach Sarina Wiegman received the women’s best coach award, tying the record for most wins in this Sno. Country category. 145 Bhutan 5. Men’s and Women’s Goalkeeper of the Year: Ederson and 144 Moldova Mary Earps 143 Suriname Ederson, from Manchester City and Brazil, was awarded the 142 Somalia Best Men’s Goalkeeper. 141 Benin Mary Earps, representing Manchester United and England, 140 Liberia won the Best Women’s Goalkeeper award. 139 Belize 6. FIFA Puskas Award: Guilherme Madruga 138 Sierra Leone Guilherme Madruga, from Botafogo-SP, won the FIFA 137 Central African Republic Puskas Award 2023 for his spectacular overhead kick. 136 Iceland Understanding the challenges these nations face and the 7. FIFA Special and Fair Play Awards factors contributing to their lower military rankings provides Brazilian football legend Marta received The FIFA Special insight into the complex dynamics of global security. Award. The Brazil men’s national team earned the FIFA Fair Play The Best FIFA Football Awards 2024 award for their stand against racism. The Best FIFA Football Awards 2024 recognized the most 8. FIFA Fan Award exceptional talents in football. Lionel Messi and Aitana Bonmati The FIFA Fan Award 2023 went to Argentinian fan Hugo emerged as the best players, with several others receiving prestigious honours. The ceremony, held in London, celebrated Daniel “Toto” Iniguez. players, coaches, and teams for their achievements in the 2023 FIFA FIFPro World 11s season. Men’s World XI: The Best FIFA Football Awards 2024: Key Winners and Highlights Goalkeeper: Thibaut Courtois (Real Madrid/Belgium) 1. Men’s Player of the Year: Lionel Messi Lionel Messi, playing for Argentina and Inter Miami, won Defenders: Kyle Walker, Ruben Dias, John Stones (all the Best FIFA Men’s Player award, edging out Erling Manchester City) Haaland in a tiebreaker. Midfielders and Forwards: Bernardo Silva, Kevin De Bruyne Messi and Haaland both scored 48 points, but Messi (Manchester City), Jude Bellingham (Real Madrid), Lionel received more points from national captains. Messi (Inter Miami), Erling Haaland (Manchester City), Messi is the first footballer to win this award three times. Kylian Mbappe (Paris Saint-Germain), Vinicius Jr (Real 2. Women’s Player of the Year: Aitana Bonmati Madrid). Aitana Bonmati, from Barcelona and the Spanish national Women’s World XI: team, claimed the Best FIFA Women’s Player award. Goalkeeper: Mary Earps (Manchester United/England) Bonmati had an extraordinary year, winning the World Cup, Defenders: Olga Carmona (Real Madrid), Lucy Bronze Spanish League, Spanish Super Cup, and the Champions League with Barcelona. (Barcelona), Alex Greenwood (Manchester City) She made history by winning all the titles she contested in a Midfielders: Kiera Walsh (Barcelona), Alessia Russo season and being voted the best player in all of them. (Arsenal), Lauren James (Chelsea). 13 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 PM Modi Unveils Ram Mandir Stamps: A Historic Moment in Pradhan Mantri Rashtriya Bal Puraskar 2024, Full List Of Indian Culture Winners Prime Minister Narendra Modi recently launched a series of Pradhan Mantri Rashtriya Bal Puraskar 2024 commemorative postage stamps dedicated to Ayodhya’s Ram The Pradhan Mantri Rashtriya Bal Puraskar 2024 was declared, Temple, marking a significant cultural event in India. This with the awards set to be presented by President Droupadi gesture not only honours the Ram Temple but also emphasizes Murmu at a formal event at Vigyan Bhawan in New Delhi on the international appeal of Lord Ram across various societies. January 22. This year, 19 children from various parts of the country have Overview of the Commemorative Stamps been recognized for their outstanding accomplishments. The Design and Elements Ministry of Women and Child Development revealed that Prime Minister Narendra Modi will engage with the recipients on The collection comprises six distinct stamps, each featuring January 23. Additionally, these children will be featured in the key figures and symbols associated with Lord Ram’s Republic Day parade on January 26, 2024. narrative, including the Ram Temple, Lord Ganesh, Lord Hanuman, Jatayu, Kevatraj, and Ma Shabri. Pradhan Mantri Rashtriya Bal Puraskar 2024, Full List Of Winners The designs incorporate essential elements related to Shri The Pradhan Mantri Rashtriya Bal Puraskar awardees include Ram Janmbhoomi Mandir, showcasing the temple, the one child each in the fields of Bravery, Science & Technology, revered Choupai ‘Mangal Bhavan Amangal Hari,’ the sun, and Innovation; four in Social Service; five in Sports; and seven the Saryu River, and the sculptures in and around the in Art and Culture. The group, as per the Ministry’s press temple. release, consists of 9 boys and 10 girls from 18 different States Each stamp is adorned with gold leaf detailing for the sun and Union Territories. rays and the Choupai, adding a majestic touch. Sr. Name State Category No. Global Appeal Aaditya Vijay Bramhane The launch includes a 48-page book featuring stamps 1 Maharashtra Bravery (posthumous) issued by over 20 countries, such as the US, New Zealand, 2 Anushka Pathak Uttar Pradesh Art & Culture Singapore, Canada, Cambodia, and organizations like the United Nations. 3 Arijeet Banerjee West Bengal Art & Culture This collection is intended to showcase Lord Ram’s global 4 Armaan Ubhrani Chattisgarh Art & Culture popularity and influence across different societies. Hetvi Kantibhai 5 Gujarat Art & Culture Khimsuriya Cultural Significance Jammu & The stamps reflect the five physical elements of nature — 6 Ishfaq Hamid Art & Culture Kashmir sky, air, fire, earth, and water, known as ‘Panchabhutas.’ 7 Md Hussain Bihar Art & Culture These designs establish harmony and are symbolic of the universal principles that Lord Ram represents. 8 Pendyala Laxmi Priya Telangana Art & Culture 9 Suhani Chauhan Delhi Innovation Ram Mandir: A Symbol of Faith and Unity Science & The Ram Mandir, located in Ayodhya, holds immense 10 Aryan Singh Rajasthan Technology religious and cultural significance in India. The temple is Madhya dedicated to Lord Ram, a major deity in Hinduism and a 11 Avnish Tiwari Social Service Pradesh central figure in the Indian epic Ramayana. The 12 Garima Haryana Social Service construction and consecration of the Ram Mandir have been long-awaited events, celebrated by millions across 13 Jyotsna Aktar Tripura Social Service the nation and the world. 14 Saiyam Mazumder Assam Social Service 15 Aaditya Yadav Uttar Pradesh Sports Pran Pratishtha Ceremony The Pran Pratishtha (consecration) ceremony of the Ram 16 Charvi A Karnataka Sports Mandir is a monumental event, with Prime Minister Arunachal 17 Jesicca Neyi Saring Sports Narendra Modi as the chief guest. Pradesh Over 7,000 attendees, including politicians, celebrities, 18 Linthoi Chanambam Manipur Sports industrialists, and saints, are expected to participate in this Andhra 19 R Surya Prasad Sports historic ceremony. Pradesh 14 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 Ayodhya Ram Mandir Inaugurated by Prime Minister ICC Men’s ODI Cricketer of the Year 2023 Narendra Modi Veteran Indian batter Virat Kohli was crowned the ICC On January 22, 2024, Prime Minister Narendra Modi Men’s ODI Cricketer of the Year 2023 for his exceptional inaugurated the Ram Mandir in Ayodhya, marking a year in the 50-over format. Player of the tournament at the momentous occasion in India’s history. The inauguration ICC Men’s Cricket World Cup 2023, Virat Kohli was involved the ‘Pran Pratishtha’ (consecration) ceremony of the announced as the ICC Men’s ODI Cricketer of the Year Ram Lalla idol, a pivotal event that symbolizes the infusion of 2023. The Indian batter had a superb year with the bat, life into the idol. The event, attended by over 7,000 dignitaries, culminating in a record tally of runs at the home World was not just a religious ceremony but also a cultural milestone Cup, where his contributions played a major part in India’s for India. run to the final. Prime Minister’s Participation ICC Men’s Test Cricketer of the Year 2023 Prime Minister Modi’s involvement was central to the Usman Khawaja was named as the ICC Men’s Test ceremony. He participated in the ‘Pran Pratishtha’ of the Ram Cricketer of the Year 2023. Khawaja edged out tough Lalla idol from 12:29:03 pm to 12:30:35 pm, a brief but highly competition from teammate Travis Head, India spinner auspicious 84-second window during the ‘Abhijit muhurta’. His Ravichandran Ashwin, and England’s Joe Root for the visit to Ayodhya spanned nearly four hours, filled with various award following a successful year that culminated in activities and rituals associated with the inauguration. Australia claiming their first ICC World Test Championship The Ram Lalla Idol and Temple Complex title. He scored 1210 runs in 13 Tests in the year. The Ram Lalla idol, crafted by renowned sculptor Arun Yogiraj Rachael Heyhoe Flint Award for ICC Women’s Cricketer of the Year from Karnataka, is a 51-inch black-coloured depiction of Lord 2023 Ram as a five-year-old child. It was installed inside the temple’s England’s all-rounder Nat Sciver-Brunt took home the sanctum sanctorum on January 18 as part of the preparatory Award for the second year in a row. 2023 was yet another rituals. The temple itself, an architectural marvel, stands at a remarkable year for Sciver-Brunt, with some of her length of 380 feet, a width of 250 feet, and a height of 161 exceptional knocks coming during the home Ashes against feet, embodying the traditional Nagara style of architecture. Australia. Comprehensive Security and Celebrations Ayodhya was transformed into a secure and festive zone. An ICC Women’s ODI Cricket of the Year 2023 extensive security network, including AI-powered drones and Chamari Athapaththu, already leading the Women’s T20I 13,000 security personnel, was deployed. The city was adorned and ODI sides of the year, added another feather to her cap with flowers and lights, echoing with slogans and verses from by winning this feat. Athapaththu was rewarded for her the Ramayana. The celebrations extended beyond Ayodhya, exceptional year with the bat in ODIs. The Sri Lanka top- with people from different states contributing various gifts and order batter made significant contributions with the bat offerings. and as captain, notably leading the side to a first bilateral series win over New Zealand. ICC Awards 2023, Check the Awardee’s Name ICC Men’s Associate Cricketer of the Year 2023 The ICC Awards 2023, organized by the International Cricket Bas de Leede was named as the ICC Men’s Associate Council, represents the pinnacle of recognition for international Cricketer of the Year 2023 for his remarkable all-round run cricket players. These prestigious awards celebrate the in the year. He was the standout player for the Netherlands extraordinary talents and achievements of cricketers from at the ICC Men’s Cricket World Cup 2023 Qualifier and the around the world. This year’s ceremony saw a range of players World Cup in India. being honoured for their exceptional performances across various formats of the game. ICC Women’s Associate Cricketer of the Year 2023 The ICC Awards 2023 witnessed a diverse group of cricketers Queentor Abel made Kenya proud by winning the ICC being acknowledged for their outstanding contributions to the Women’s Associate Cricketer of the Year for 2023. She sport. picked 30 T20I wickets at an unreal average of 7.36, and scored 476 T20I runs at 34. Here are all the winners of ICC Awards 2023: ICC Men’s T20I Cricketer of the Year 2023 ICC Men’s Cricketer of the Year Australia skipper Pat Cummins was announced as the For the second successive year, India’s T20I beast winner of the Sir Garfield Sobers Trophy for the ICC Men’s Suryakumar Yadav has been awarded the ICC Men’s T20I Cricketer of the Year 2023. The inspirational captain had a Cricketer of the Year award. With his eclectic mix of shots, stellar run with the bat and ball, and garnered remarkable Suryakumar dominated 2023 with an average that closed in team accolades, including a victory in the ICC World Test on 50 and a strike rate exceeding 150. The backbone of Championship Final, retention of the Ashes, and a record India’s middle order got starts throughout the year, sixth triumph in the ICC Men’s Cricket World Cup 2023. delivering several match-winning contributions. 15 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App  Current Affairs | January 2024 ICC Women’s T20I Cricketer of the Year 2023 Significance of Republic Day Hayley Matthews became just the second player from the Republic Day is significant as it represents the true spirit of West Indies to win the honour. Former skipper Stafanie independent India. It is a day to remember the sacrifices of Taylor was the previous cricketer to have won this award in freedom fighters and the struggles of the Indian independence 2015. Matthews added to her reputation with some movement. It also serves as a reminder of the commitment to sensational knocks with the bat and her sharp work with uphold the values enshrined in the Constitution, including unity, the ball. Her very best came against Australia in Australia. integrity, and diversity. ICC Men’s Emerging Cricketer of the Year 2023 Republic Day stands as a source of pride for Indians worldwide, Rachin Ravindra beat South Africa quick Gerald Coetzee, symbolizing the end of the struggle for independence and the Sri Lanka pacer Dilshan Madushanka, and India batter establishment of a self-governing nation. It serves as a tribute Yashasvi Jaiswal for the prized award. He had an amazing to the democratic principles enshrined in the Constitution, ICC Men’s Cricket World Cup in India where he amassed a guiding the nation forward. Moreover, Republic Day showcases whopping 578 runs. India’s cultural richness and unity in diversity through grand ICC Women’s Emerging Cricketer of the Year 2023 celebrations in New Delhi. Litchfield edged out Bangladesh teenager Marufa Akter, England quick Lauren Bell and Scotland all-rounder Darcey Republic Day Celebrations Carter for the coveted award on the back of a remarkable The main event of Republic Day is the grand parade held in the 12 months at the top of Australia’s strong batting order. capital, New Delhi, at Rajpath, showcasing India’s military might and cultural diversity. The parade includes a display of Republic Day 2024, Date, Theme, History and Significance advanced military equipment, vibrant cultural tableaux from Republic Day in India is celebrated every year on January 26th various states, and performances by school children. The to commemorate the day when the Constitution of India came celebration also features prestigious bravery and civilian awards into effect in 1950, replacing the Government of India Act like the Ashok Chakra and Padma Awards. (1935). This day marks India’s emergence as a sovereign, democratic republic. The 75th Republic Day in 2024 holds a Padma Awards 2024 Winners List, Padma Awardees special place in the hearts of Indians as it symbolizes the journey of the nation from colonial rule to an independent, Padma Awards 2024: The Padma Awards, among India’s vibrant democracy. highest civilian honours, are given in three categories: Padma Vibhushan, Padma Bhushan, and Padma Shri. These awards Republic Day 2024 Theme recognize outstanding service in various areas like arts, social The themes for Republic Day 2024, “Viksit Bharat” (Developed India) and “Bharat – Loktantra ki Matruka” (India – Mother of work, public affairs, science, trade, medicine, education, sports, Democracy), encapsulate the aspirations and democratic ethos and civil service. The Padma Vibhushan is for exceptional of the nation. service, the Padma Bhushan is for high-order service, and the Padma Shri is for distinguished service in any area. These Republic Day 2024 Chief Guest awards are announced on Republic Day each year. For the Republic Day 2024 celebrations, the guest of honour is The President of India presents these awards in special Emmanuel Macron, the President of France. This significant day will be marked with various patriotic events, including an ceremonies at Rashtrapati Bhawan, typically in March or April. impressive parade and a vivid showcase of India’s cultural For 2024, the President has approved 132 Padma Awards, richness. The occasion is set to honour India’s unity, diversity, including 2 joint awards (counted as one). The list includes 5 and development remarkably and memorably. Padma Vibhushan, 17 Padma Bhushan, and 110 Padma Shri Awards. Among the awardees, 30 are women, and there are History of Republic Day The origins of Republic Day go back to India’s fight for also 8 people from the Foreigners/NRI/PIO/OCI category and 9 independence from British colonialism. After gaining posthumous awardees. Full list of winners of this year’s Padma independence on August 15, 1947, India was governed by the Awards 2024 – Government