Daily Current Affairs December 13

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs December 13. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly current affairs pdf.

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December 13 | Daily Current Affairs 2024

Banking and Finance – Daily Current Affairs December 13

1. Which of the following is true about the ADB’s $500 million loan for India?
A) The entire amount is dedicated solely to solar rooftop installations.
B) Punjab National Bank is managing the loan for all green infrastructure projects.
C) It supports both renewable energy and climate-resilient infrastructure projects.
D) India Infrastructure Finance Company Limited will oversee solar rooftop projects.
E) The loan is exclusively funded by ADB with no other contributors.
Answer: C) It supports both renewable energy and climate-resilient infrastructure projects.

Event and Location:

• Event: Approval of $500 million loan by ADB for renewable energy and climate-resilient infrastructure in India.
• Location: Across India

Mandates and Objectives:

• Key Focus Areas:
  • Expanding renewable energy capacity through solar rooftop systems.
  • Developing infrastructure that can withstand natural disasters like floods and cyclones.
• Contribution to Climate Goals:
  • Aligns with India’s commitment under the Paris Agreement to reduce emissions and increase non-fossil fuel power.
  • Addresses India’s climate financing gap, which exceeds $1 trillion.

Key Highlights:

• Solar Rooftop Systems:
  • Part of India’s target to achieve 40 GW of solar rooftop capacity under the National Solar Mission.
  • Funding breakdown:
    • $330 million from ADB
    • $170 million from the Clean Technology Fund
  • Impact: Reduces greenhouse gas emissions by 11 million tons over the systems’ lifetime.
• Climate-Resilient Infrastructure:
  • Supports infrastructure capable of withstanding floods, droughts, and cyclones.
  • Funding managed by India Infrastructure Finance Company Ltd (IIFCL) for projects in energy, urban development, education, and healthcare.
• Private Sector and Sustainability:
  • Encourages private investment in sustainable infrastructure.
  • A sustainability unit will integrate green technologies into infrastructure projects.

ADB’s Commitment to India:

• ADB supports India’s climate goals by financing projects that align with the Paris Agreement and reduce emissions intensity.
• This funding bridges the gap between India’s growing infrastructure needs and environmental challenges posed by climate change.

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2. Which of the following is true about Baroda Mahila Swavalamban and Baroda Smart OD schemes?
A) Baroda Mahila Swavalamban offers loans only up to ₹5 crore.
B) Baroda Smart OD is exclusively for large enterprises.
C) Baroda Mahila Swavalamban is tailored for women entrepreneurs.
D) Both schemes have a tenure of more than 12 months.
E) Baroda Smart OD provides loans starting at ₹1 crore.
Answer: C) Baroda Mahila Swavalamban is tailored for women entrepreneurs.

Event and Location:

• Event: Launch of Baroda Mahila Swavalamban and Baroda Smart OD schemes.
• Location: Mumbai, Maharashtra, India.

Mandates and Objectives:

• Baroda Mahila Swavalamban:
  • Specifically designed for women entrepreneurs.
  • Offers competitive interest rates starting at 9.15%, linked to BRLLR.
  • Loan range: ₹20 lakh to ₹7.5 crore.
  • For loans up to ₹5 crore, no additional collateral is required if secured under CGTMSE.
  • Eligibility: Enterprises must have 51% ownership by women, registered under UDYAM and GST.
• Baroda Smart OD:
  • A digital overdraft facility for GST-registered MSMEs.
  • Loan range: ₹50,000 to ₹25 lakh.
  • Interest rates start at 10% per annum.
  • Tenure: 12 months.
  • Straight-Through Processing ensures quick and efficient access to funds.

Important Terms Explained:

• Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE):
  • Facilitates collateral-free lending by providing credit guarantees to financial institutions for loans extended to MSMEs.
• Repo Linked Lending Rate (BRLLR):
  • Ensures transparency in interest rates by linking lending rates directly to the RBI’s repo rate.

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Business and Economy – Daily Current Affairs December 13

3. What was the key factor behind the decline in India’s retail inflation to 5.48% in November 2024?
A) Decline in core inflation
B) Increase in industrial output
C) Cooling food prices, especially vegetables
D) Lower prices of consumer durables
E) Strong monsoon conditions
Answer: C) Cooling food prices, especially vegetables

Event and Location:

• Event: India’s retail inflation eased to 5.48% in November 2024.
• Location: India

Mandates and Objectives:

• Retail Inflation:
  • Retail inflation fell to 5.48% in November from 6.21% in October 2024.
  • Brought inflation back within the RBI’s target range of 2%-6%.
• Primary Driver:
  • Easing food inflation, particularly a decline in vegetable prices.
  • Vegetable inflation dropped from 42% in October to 29% in November 2024.
• Impact:
  • Speculation of a potential RBI rate cut in February 2025 if inflation continues to moderate.

Key Highlights:

• Food Inflation:
  • Food inflation declined to 9.04% in November from 10.87% in October 2024.
  • Key drivers: Vegetables, though some items like potatoes, carrots, and garlic maintained double-digit inflation.
• Industrial Output Growth:
  • Industrial production grew by 3.5% in October 2024, driven by consumer durables and garments.
  • Weakness persists in core sectors like mining and electricity.
• RBI and Rate Cut Speculation:
  • RBI’s decision depends on December’s inflation data, with analysts predicting further easing to around 5%.
• Future Outlook:
  • Inflation could approach 4% by FY25, though global and food price volatility remain risks.

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4. Which sector showed the highest growth in India’s industrial output for October 2024?
A) Basic metals
B) Mining
C) Electrical equipment
D) Consumer durables
E) Electricity
Answer: C) Electrical equipment

Event and Location:

• Event: Industrial output growth slowed to 3.5% in October 2024.
• Location: India

Mandates and Objectives:

• Industrial Output Performance:
  • Growth of 3.5% in October 2024, compared to 11.9% in October 2023.
  • The Index of Industrial Production (IIP) stood at 149.9 (October 2024), up from 144.9 (October 2023).

Sectoral Performance:

• Manufacturing Sector:
  • Grew by 4.1% in October 2024 (down from 10.6% in October 2023).
  • Top contributors in manufacturing:
    • Electrical equipment: 33.1% growth (highest).
    • Basic metals: 3.5% growth.
    • Coke and refined petroleum products: 5.6% growth.
• Mining Sector: Marginal growth of 0.9%.
• Electricity Sector: Grew by 2.0%.

Use-Based Classification Growth:

• Infrastructure/construction goods: 4.0%.
• Consumer durables: 5.9%.
• Capital goods: 3.1%.
• Intermediate goods: 3.7%.
• Consumer non-durables: 2.7%.
• Primary goods: 2.6%.

Year-to-Date Trends (April-October 2024):

• Industrial output growth: 4.0%, down from 7.0% during the same period in 2023.

Employment and Economic Implications:

• The manufacturing sector contributes over three-fourths to the IIP, playing a critical role in job creation.
• Growth in capital goods suggests potential for increased investment and multiplier effects.

Outlook:

• The next IIP data release for November 2024 is scheduled for January 10, 2025.

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Appointments – Daily Current Affairs December 13

5. Who has been appointed as the new MD & CEO of TransUnion CIBIL?
A) Rajesh Kumar
B) Todd Skinner
C) Bhavesh Jain
D) V. Anantharaman
E) Sanjay Malhotra
Answer: C) Bhavesh Jain

Event and Location:

• Event: Appointment of Bhavesh Jain as the MD & CEO of TransUnion CIBIL.
• Location: India

Leadership Transition:

• Outgoing Leader:
  • Rajesh Kumar, who served as MD & CEO for 5 years, resigned after an impactful tenure, including steering the company through the COVID-19 pandemic.
• Incoming Leader:
  • Bhavesh Jain, previously the Chief Revenue Officer at TransUnion CIBIL, brings decades of financial services experience.

Bhavesh Jain’s Background:

• Professional Experience:
  • Served in senior roles at Citi, Kone, and Thomson Reuters.
  • Worked as Chief Revenue Officer at TransUnion CIBIL for 5 years.
• Education:
  • Bachelor’s degree in engineering from VESIT.
  • Master’s in management studies from the Welingkar Institute of Management.
  • Completed the Senior Executive Leadership Program at Harvard Business School.

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Science and Technology – Daily Current Affairs December 13

6. What is the target year for the establishment of India’s Bharat Antariksha Station?
A) 2026
B) 2030
C) 2035
D) 2040
E) 2045
Answer: C) 2035

Event and Location:

• Event: Announcement of India’s plans to establish Bharat Antariksha Station by 2035.
• Location: India

Mandates and Objectives:

• Bharat Antariksha Station:
  • India’s first space station, targeted for completion by 2035.
  • Positions India among an elite group of nations with independent space stations.
• Moon Mission by 2040:
  • India aims to land an astronaut on the Moon by 2040, showcasing its growing capabilities in space exploration.
• Gaganyaan Mission:
  • India’s first human spaceflight program to send an astronaut into space by late 2024 or early 2026.

Key Highlights:

• Satellite Launch Success:
  • India has launched 432 foreign satellites, with nearly 90% completed in the last decade from Sriharikota.
  • Demonstrates India’s advanced satellite launch capabilities.
• Deep Sea Mission:
  • Aims to send humans to explore depths of 6,000 meters as part of a broader marine exploration initiative.
• Biotechnology E3 Policy:
  • Focuses on integrating biotechnology for economic growth, sustainability, and employment generation.

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National Affairs – Daily Current Affairs December 13

7. Which of the following is true about the 22nd Divya Kala Mela?
A) It was held at Connaught Place, New Delhi.
B) The event showcased talents only from artisans in Delhi.
C) Over 100 Divyang participants from 20 states and UTs participated.
D) It was held under the theme “Digital Empowerment of Divyangjan.”
E) No cultural programs were part of the event.
Answer: C) Over 100 Divyang participants from 20 states and UTs participated.

Event and Location:

• Event: 22nd Divya Kala Mela
• Location: India Gate, New Delhi

Mandates and Objectives:

• Organized by the Department of Empowerment of Persons with Disabilities (DEPwD) and the National Divyangjan Finance and Development Corporation (NDFDC).
• Supported by the Ministry of Social Justice and Empowerment.
• Aims to promote the economic independence and artistic talents of Divyangjan.
• Showcases products and talents under the Vocal for Local initiative, boosting visibility for artisans with disabilities.

Key Highlights:

• Participants: Over 100 Divyang entrepreneurs from 20 states/UTs.
• Products Displayed: Handicrafts, handlooms, eco-friendly items, organic foods, toys, jewelry, home decor, and more.
• Cultural Events:
  • Daily performances by Divyang artists in music and dance.
  • Grand finale: Divya Kala Shakti on December 22, 2024, with the theme “Ability in Disability.”
• Economic Impact:
  • Since its inception in 2022, the Mela has generated over ₹14 crores in sales.
  • It boosts societal awareness about the abilities of persons with disabilities.

Government’s Commitment to Inclusivity:

• Highlights the government’s focus on promoting inclusivity and economic empowerment for persons with disabilities.
• Union Minister Dr. Virendra Kumar and MoS Shri Ramdas Athawale emphasized the government’s resolve to improve conditions for Divyangjan.

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8. Which of the following statements about Ratapani Wildlife Sanctuary is correct?
A) Ratapani is India’s 58th tiger reserve.
B) Ratapani was declared under the Environmental Protection Act, 1986.
C) It is located in the state of Rajasthan.
D) The declaration process involved NTCA and Section 38V of the Wildlife (Protection) Act, 1972.
E) Ratapani is not part of Project Tiger.
Answer: D) The declaration process involved NTCA and Section 38V of the Wildlife (Protection) Act, 1972.

Event and Location:

• Event: Declaration of Ratapani Wildlife Sanctuary as India’s 57th tiger reserve.
• Location: Madhya Pradesh

Mandates and Objectives:

• Tiger reserves are designated areas established under Project Tiger (1973) to conserve tigers and their habitats.
• Ratapani was declared under Section 38V of the Wildlife (Protection) Act, 1972.
• Aims to protect tigers, mitigate climate change impacts, and promote biodiversity.

Key Highlights:

• Tiger Reserve Process:
  • State-Level Identification: Areas with viable tiger populations are identified.
  • NTCA Proposal Review: The proposal is submitted to the National Tiger Conservation Authority (NTCA), which evaluates it.
  • Legal Notification: After public objections, the state issues final approval under Section 38V of the Wildlife (Protection) Act, 1972.
  • Management Plans: Habitat improvement, anti-poaching measures, and community engagement are planned under Project Tiger.
• India’s Tiger Conservation Achievements:
  • Total of 57 tiger reserves across 82,000 sq. km (2.3% of India’s geographical area).
  • As of NTCA’s 2022 report, India hosts 3,167 wild tigers, accounting for 70% of the global population.
• Environmental Impact of Tiger Reserves:
  • Prevented loss of 5,800 hectares of forest between 2007 and 2020.
  • Averted 1 million metric tons of CO₂ emissions, contributing to climate mitigation.

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9. Which of the following is correct regarding the Mukhya Mantri Mahila Samman Yojana announced by the Delhi government?
A) It provides ₹1,000 per month to women aged 18 and above.
B) Registrations for the scheme start after the Delhi Assembly elections.
C) The scheme aims to empower women financially with ₹2,100 monthly aid.
D) Only women employed in government jobs are eligible for the scheme.
E) It is fully funded by the Central Government.
Answer: C) The scheme aims to empower women financially with ₹2,100 monthly aid.

Event and Location:

• Event: Launch of Mukhya Mantri Mahila Samman Yojana by Delhi Chief Minister Arvind Kejriwal.
• Location: Delhi

Mandates and Objectives:

• Objective: Financial empowerment of women by providing a monthly aid of ₹2,100 (increased from ₹1,000).
• Eligibility Criteria:
  • Women aged 18 and above.
  • Not employed in government jobs.
  • Not paying GST or income tax.
• Budget Allocation: ₹2,000 crore allocated under the Delhi government’s budget.
• Target Beneficiaries: Approximately 45 lakh women in Delhi.

Key Highlights:

• Registration Start Date: December 13, 2024.
• Aid Disbursal: The aid will begin post-elections.
• Political Impact:
  • Strategically aimed at mobilizing women voters in the upcoming Delhi Assembly elections (February 2024).
  • The scheme mirrors the Ladli Behna schemes in Madhya Pradesh and Maharashtra, which led to electoral success for the BJP.
• Opposition’s Criticism:
  • The BJP accused AAP of making unfulfilled promises similar to those in Punjab during 2022.

Financial Context:

• Funding: Fully supported by the Delhi government’s budget.
• Allocation Size: ₹2,000 crore earmarked for implementation.

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10. Which of the following is true about Uttar Pradesh’s initiatives in cow welfare and milk production?
A) Uttar Pradesh currently leads India in cow milk production.
B) Yogi Adityanath’s initiatives focus only on foreign cow breeds.
C) Veterinary colleges are being established in Gorakhpur and Bhadohi.
D) Uttar Pradesh’s cow milk production is entirely from indigenous breeds.
E) No land reserves are planned for animal housing under current initiatives.
Answer: C) Veterinary colleges are being established in Gorakhpur and Bhadohi.

Event and Location:

• Event: Uttar Pradesh’s initiatives to lead in cow milk production and cow welfare.
• Location: Uttar Pradesh

Mandates and Objectives:

• Cow Welfare Priorities:
  • Rescuing stray cows.
  • Providing incentives to herders.
  • Ensuring regular vaccination and breed improvement.
• Promotion of Indigenous Breeds:
  • Focus on enhancing milk quality through natural adaptations to the Indian climate.
  • Conservation of indigenous breeds supported by Gorakshapeeth and government initiatives.

Key Highlights:

• Current Status of Milk Production:
  • Uttar Pradesh produces 5.29 million tonnes of milk annually, second in India.
  • Breakdown:
    • 4.2 million tonnes from indigenous and mixed breeds.
    • 1.7 million tonnes from foreign breeds.
  • Contribution: 16% of India’s total milk production.
• Infrastructure Developments:
  • Veterinary colleges being established in Gorakhpur and Bhadohi.
  • Gorakhpur Veterinary College:
    • Budget: ₹350 crore.
    • Area: 80-acre campus.
    • Completion Year: 2026.
    • Aimed to serve as a research hub for improving cow productivity.
• Future Goals:
  • Uttar Pradesh aims to become India’s top producer of cow milk.
  • Focus on creating adequate land reserves for animal housing, pastures, and Gau Sarovar (animal water bodies).

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11. What is the primary objective of the AP Urjaveer Scheme 2024?
A) To provide free energy-efficient appliances to the public.
B) To train electricians as advocates for energy-efficient appliances.
C) To manufacture energy-saving devices within Andhra Pradesh.
D) To replace all incandescent bulbs with LED bulbs by 2025.
E) To set up renewable energy plants in rural areas.
Answer: B) To train electricians as advocates for energy-efficient appliances.

Event and Location:

• Event: Launch of the AP Urjaveer Scheme 2024.
• Location: Andhra Pradesh

Mandates and Objectives:

• The scheme aims to enhance energy efficiency and sustainability across the state.
• In collaboration with Energy Efficiency Services Limited (EESL), the program focuses on training private electricians and promoting energy-efficient appliances.

Key Highlights:

• Training of Electricians:
  • 1,12,000 electricians will be trained under the scheme.
  • They will be taught to market six types of energy-efficient appliances:
    • 6W LED bulbs
    • 20W LED tube lights
    • 30W BLDC ceiling fans
    • 5-star air conditioners
    • Induction cooking stoves
    • 10W LED inverter lamps
• Role of Urjaveers:
  • Trained electricians, referred to as Urjaveers, will:
    • Form a statewide network.
    • Educate the public about energy-efficient products.
    • Promote the adoption of energy-saving technologies by explaining their benefits.
• Integration with Other Initiatives:
  • Supports the National Efficient Cooking Programme (NECP).
  • Complements energy solutions under Pradhan Mantri Awas Yojana (PMAY).
• Expected Outcomes:
  • Increased public awareness of energy conservation.
  • Promoted use of advanced energy-efficient technologies.
  • Positive economic impact and reduced energy consumption.

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12. What was the primary focus of PM Narendra Modi’s visit to Prayagraj on December 13, 2024?
A) Launching new AI-based education platforms
B) Inspecting preparations for Maha Kumbh 2025
C) Inaugurating Vishwanath Dham Project
D) Announcing Swachh Bharat Abhiyan 2.0
E) Declaring Ayodhya’s tourism development plan
Answer: B) Inspecting preparations for Maha Kumbh 2025

Event and Location:

• Event: PM Modi inaugurated projects worth ₹5,500 crore in preparation for Maha Kumbh 2025.
• Location: Prayagraj, Uttar Pradesh, the sacred confluence of the Ganga, Yamuna, and Saraswati rivers.

Mandates and Objectives:

• Infrastructure Development:
  • Launch of new flyovers, riverfront roads, and upgraded ghats.
  • Projects for seamless water and electricity access to pilgrims.
• Spiritual Corridors:
  • Hanuman Mandir Corridor, Akshay Vat Corridor, and Bharadwaj Ashram Corridor inaugurated.
• Cleanliness and Awareness:
  • Namami Gange Programme accelerated.
  • Over 15,000 sanitation workers deployed for Maha Kumbh.
• Technological Integration:
  • Introduction of Kumbh Sahayak Chatbot, supporting 11 languages.

Important Terms Explained:

• Namami Gange Programme:
  • Government initiative for rejuvenation and cleanliness of the Ganga River.
    Kumbh Sahayak Chatbot:
  • AI-powered tool offering multilingual support for Maha Kumbh updates and guidance.
• Maha Kumbh Mela:
  • A globally significant spiritual event held every 12 years, fostering unity and faith.

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