Daily Current Affairs December 06

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 06. 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.

TO PURCHASE OUR BANKING AWARENESS (2021 Edition) – CLICK HERE

December 06 | Daily Current Affairs 2024

Important Days – Daily Current Affairs December 06

1. Who is commemorated on Mahaparinirvan Diwas, and what does the day symbolize?
A) Mahatma Gandhi
B) Subhash Chandra Bose
C) Dr. B.R. Ambedkar
D) Jawaharlal Nehru
E) Sardar Vallabhbhai Patel
Answer: C) Dr. B.R. Ambedkar

Event and Location:

• Event: Mahaparinirvan Diwas 2024 (69th death anniversary of Dr. B.R. Ambedkar).
• Location: Prerna Sthal, Parliament House Complex, New Delhi.
• Date: December 6, 2024.

Mandates and Objectives:

• Observed to honor the life and legacy of Dr. B.R. Ambedkar, the chief architect of the Indian Constitution.
• Aims to promote reflection on his teachings and values, fostering a just society.
• The event includes floral tributes by the Vice President, Prime Minister, and other leaders.

Significance of Mahaparinirvan Diwas:

• The term “Mahaparinirvan” reflects the Buddhist concept of liberation from the cycle of birth and rebirth.
• Dr. Ambedkar’s death anniversary is aligned with this concept due to his deep connection to Buddhism.
• The day highlights his efforts to combat caste oppression and promotes his vision of equality and inclusion.

Important Contributions of Dr. B.R. Ambedkar:

• Advocated for social justice for marginalized groups such as Dalits, women, and laborers.
• Introduced transformative measures like reservations and established organizations like Bahishkrit Hitkarini Sabha.
• Played a key role in movements like the Mahad March and the Kalaram Temple Entry Movement.
• Influenced India’s economic policies, contributing to the establishment of the Reserve Bank of India and leading major infrastructure projects like the Hirakud Dam.
• As Chairman of the Constitution Drafting Committee, ensured equality and justice in the Indian Constitution.

Important Terms Explained:

• Mahaparinirvan:
  • A Sanskrit term signifying ultimate liberation, deeply rooted in Buddhist philosophy.
• Poona Pact (1932):
  • Agreement that replaced separate electorates with reserved seats for Dalits.
• Bharat Ratna (1990):
  • India’s highest civilian award conferred posthumously on Dr. B.R. Ambedkar.
• Bahishkrit Hitkarini Sabha:
  • Organization for the social and economic upliftment of marginalized communities.

Static GK Information:

Tabular Summary:

---

 

Ranking – Daily Current Affairs December 06

2. Which Indian airline was ranked among the worst globally in AirHelp’s 2024 rankings?
A) SpiceJet
B) Vistara
C) IndiGo
D) Air India
E) Go First
Answer: C) IndiGo

Event and Location:

• Event: IndiGo ranked 103rd among 109 airlines globally in AirHelp’s 2024 rankings.
• Location: Global rankings, report published by AirHelp, a European air passenger claims agency.

Mandates and Objectives:

• AirHelp Rankings: Evaluates airlines based on:
  • On-time performance (33.33%).
  • Customer opinion (33.33%).
  • Processing of compensation claims (33.33%).
• Aim: To provide a global perspective on airline performance.

IndiGo’s Performance and Reaction:

• Ranked 103rd with a score of 4.80.
• Air India ranked 61st with a score of 6.15.
• Top 3 airlines:
  • 1st: Brussels Airlines (Score: 8.12).
  • 2nd: Qatar Airways (Score: 8.11).
  • 3rd: United Airlines (Score: 8.04).
• IndiGo’s Response:
  • Questioned the credibility of AirHelp’s survey due to a lack of transparency about sample size and methodology.
  • Highlighted its performance based on DGCA data, showing high punctuality and low complaint ratios.

DGCA Insights:

• IndiGo has a domestic market share of over 60% and flew over 100 million passengers in 2023.
• Complaint ratio: 0.2 per 10,000 passengers (October 2024).
• On-time performance (October 2024): 71.9%, leading among airlines operating in major metropolitan airports.

Important Terms Explained:

• AirHelp:
  • A European air passenger claims agency providing global airline and airport rankings.
• DGCA:
  • Directorate General of Civil Aviation, India’s aviation regulatory body, responsible for ensuring safety, monitoring airline performance, and addressing passenger grievances.
• On-time Performance:
  • Metric indicating the percentage of flights departing or arriving on schedule.

Static GK Information:

Tabular Summary:

---

Banking and Finance – Daily Current Affairs December 06

3. Which organization approved a $188.28 million loan to support economic growth in Maharashtra?
A) Asian Development Bank
B) Reserve Bank of India
C) International Monetary Fund
D) World Bank
E) United Nations Development Program
Answer: D) World Bank

Event and Location:

• Event: Approval of a $188.28 million loan to Maharashtra.
• Location: Maharashtra, India.

Mandates and Objectives:

• Purpose: To boost economic growth, especially in underdeveloped districts of Maharashtra.
• Key Goals:
  • Strengthen district-level planning and growth strategies.
  • Equip districts with critical resources: data, funding, and expertise.
  • Foster private sector involvement, particularly in the tourism sector.

Loan Details:

• Provided by the International Bank for Reconstruction and Development (IBRD).
• Maturity period: 15 years, including a five-year grace period.

Key Features of the Program:

• Maha Databank:
  • A data governance framework to address developmental challenges like gender disparities.
• Fiscal Incentives:
  • Rewards for districts achieving annual performance targets.
• Digital Service Portals:
  • Enhancements to MAITRI 2.0 for business services.
  • Improvements to the RTS portal for government services to ensure seamless access for the private sector.

Significance:

• Encourages evidence-based planning and public-private collaboration.
• Promotes inclusive growth by improving service delivery and creating job opportunities.

Important Terms Explained:

• International Bank for Reconstruction and Development (IBRD):
  • A part of the World Bank Group, focusing on middle-income and creditworthy low-income countries by providing loans and financial assistance.
• Maha Databank:
  • A framework designed to centralize data and address systemic developmental issues like gender disparities.
• MAITRI 2.0:
  • An upgraded portal facilitating business-related services in Maharashtra to streamline operations and promote private sector involvement.

Static GK Information:

Tabular Summary:

---

4. What is the revised GDP growth projection for FY25 as per the Reserve Bank of India (RBI)?
A) 7.4%
B) 7.2%
C) 6.8%
D) 6.6%
E) 4.8%
Answer: D) 6.6%

Event and Location:

• Event: The Reserve Bank of India (RBI) revised its economic projections for FY25.
• Location: Mumbai, India.

Mandates and Objectives:

• GDP Growth Projection:
  • FY25 growth projection lowered from 7.2% to 6.6%.
  • Quarter-specific revisions:
    • Q3 FY25: Revised to 6.8% (previously 7.4%).
    • Q4 FY25: Revised to 7.2% (previously 7.4%).
• Inflation Projection:
  • Retail inflation for FY25 increased to 4.8% (earlier projection: 4.5%).

Significance of the Revisions:

• The changes reflect the central bank’s response to evolving domestic and global economic conditions, including demand fluctuations and inflationary pressures.
• Aims to strike a balance between growth and inflation control.

Important Terms Explained:

• Real GDP Growth:
  • A measure of economic growth adjusted for inflation, reflecting the true value of goods and services produced.
• Retail Inflation:
  • The increase in the price level of goods and services at the consumer level, measured by the Consumer Price Index (CPI).
• Reserve Bank of India (RBI):
  • India’s central bank, responsible for monetary policy and ensuring financial stability.

Static GK Information:

Event and Location:

---

5. What is the purpose of the committee to be constituted by the Reserve Bank of India (RBI)?
A) To promote blockchain usage in banking
B) To address data privacy issues in AI
C) To develop an ethical AI framework for financial services
D) To regulate cryptocurrencies in India
E) To oversee fintech startups in India
Answer: C) To develop an ethical AI framework for financial services

Event and Location:

• Event: RBI announced the formation of a committee to create a responsible and ethical AI framework.
• Location: Mumbai, India.

Mandates and Objectives:

• Purpose of the Committee:
  • Develop a comprehensive and adaptable AI framework tailored for the financial sector.
  • Address risks such as:
    • Algorithmic bias: Ensuring fairness and neutrality in AI-driven decisions.
    • Explainability of decisions: Making AI decisions transparent and understandable.
    • Data privacy: Safeguarding sensitive financial and personal data.

Significance of the Initiative:

• Promotes responsible AI adoption while mitigating risks associated with its use in financial services.
• Ensures trust, fairness, and transparency in AI-driven processes.
• Encourages innovation while maintaining ethical standards in the financial sector.

Composition of the Committee:

• Includes experts from diverse fields, ensuring a multidisciplinary approach to ethical AI development.

Important Terms Explained:

• Algorithmic Bias:
  • Refers to systematic errors or prejudices in AI algorithms that can lead to unfair outcomes, often due to biased training data.
• Explainability of AI Decisions:
  • The ability to understand and interpret the reasoning behind AI-driven outputs, crucial for accountability and trust.
• Data Privacy:
  • Protecting personal and financial data from unauthorized access or misuse, especially in AI systems that process large datasets.

Static GK Information:

Tabular Summary:

---

6. What facility has the RBI proposed for Small Finance Banks (SFBs) on the UPI platform?
A) Cryptocurrency transactions
B) Pre-sanctioned credit lines
C) International remittance services
D) Automated recurring payments
E) Loan application processing
Answer: B) Pre-sanctioned credit lines

Event and Location:

• Event: RBI proposed enabling Small Finance Banks (SFBs) to offer pre-sanctioned credit lines through Unified Payments Interface (UPI).
• Location: India.

Mandates and Objectives:

• Objective of the Proposal:
  • To expand access to formal credit for small borrowers via UPI.
  • Encourage seamless and quick credit access for individuals and businesses.
• Features of Pre-Sanctioned Credit Lines:
  • Credit is pre-approved by SFBs and made accessible through the UPI interface.
  • Aims to cater to financial needs efficiently, reducing dependency on traditional loan application processes.

Impact on Financial Services:

• Boosts financial inclusion by providing easier access to credit.
• Strengthens the role of UPI as a comprehensive digital payments and financial services platform.
• Supports small businesses and individuals with timely credit solutions.

Important Terms Explained:

• Unified Payments Interface (UPI):
  • A real-time payment system enabling interbank transactions via mobile platforms. Operated by the National Payments Corporation of India (NPCI).
• Small Finance Banks (SFBs):
  • Banks established to provide financial inclusion by offering basic banking services to underserved and unbanked populations.
• Pre-Sanctioned Credit Line:
  • A predetermined amount of credit approved by banks that can be accessed by customers without reapplying each time.

Static GK Information:

Tabular Summary:

---

7. What is the new Cash Reserve Ratio (CRR) after the RBI’s recent 50 basis points cut?
A) 4.5%
B) 4.0%
C) 3.5%
D) 4.25%
E) 3.75%
Answer: B) 4.0%

Event and Location:

• Event: RBI announced a 50 basis points reduction in Cash Reserve Ratio (CRR) to inject liquidity into the banking system.
• Location: India.

Mandates and Objectives:

• Liquidity Injection:
  • Banks receive a ₹1.16 lakh crore liquidity boost due to the CRR reduction.
• Objective:
  • Alleviate potential liquidity stress arising from:
    • Tax outflows.
    • Increase in currency in circulation.
    • Volatility in capital flows.
• Previous CRR: 4.5% of Net Demand and Time Liabilities (NDTL).
• Revised CRR: 4.0%.

Significance of the Move:

• Frees up additional funds for banks to lend or invest, improving overall liquidity.
• Supports smooth functioning of financial markets during periods of cash crunch.

Impact:

• Helps stabilize liquidity in the banking system.
• Enables banks to meet increasing credit demand and maintain financial stability.

Important Terms Explained:

• Cash Reserve Ratio (CRR):
  • The percentage of a bank’s Net Demand and Time Liabilities (NDTL) that it must maintain with the Reserve Bank of India.
  • Used by RBI to regulate liquidity in the banking system.
• Net Demand and Time Liabilities (NDTL):
  • The sum of a bank’s demand liabilities (e.g., savings and current deposits) and time liabilities (e.g., fixed deposits).
• Liquidity Injection:
  • Process by which RBI provides funds to the banking system to ensure sufficient cash flow and maintain economic stability.

Static GK Information:

Tabular Summary:

---

 

Appointments – Daily Current Affairs December 06

8. Which cricketer has been signed as the brand ambassador for Eurogrip Tyres?
A) Rohit Sharma
B) Virat Kohli
C) M.S. Dhoni
D) Shubman Gill
E) Hardik Pandya
Answer: C) M.S. Dhoni

Event and Location:

• Event: Appointment of M.S. Dhoni as the brand ambassador for Eurogrip Tyres.
• Location: Chennai, Tamil Nadu.

Mandates and Objectives:

• Purpose of Collaboration:
  • To enhance brand visibility and establish trust among consumers.
  • To align the brand’s values of performance, reliability, and safety with Dhoni’s persona.

Highlights of Partnership:

• Dhoni will endorse Eurogrip Tyres’ entire product portfolio, including tyres for two-wheelers, three-wheelers, and off-highway vehicles.
• His passion for motorcycles and focus on performance mirror Eurogrip Tyres’ mission of empowering riders.
• The collaboration emphasizes innovation and dependability for the new-age riders.

Company Background:

• Eurogrip Tyres: A brand under TVS Srichakra Ltd, part of the USD 3 billion TVS Mobility group.
• Established in 1982, the company specializes in tyre design and manufacturing.
• Products are designed in Milan, Italy, and undergo global testing and certification for world-class standards.

Important Terms Explained:

• TVS Srichakra Ltd:
  • Manufacturer of Eurogrip Tyres, TVS Eurogrip, and TVS Tyres.
  • Key player in the tyre industry with over 40 years of expertise.
• Brand Ambassador:
  • A public figure or celebrity chosen to endorse a brand and represent its values and vision.

Static GK Information:

Tabular Summary:

---

Awards – Daily Current Affairs December 06

9. Who won the 2024 Turner Prize for the solo exhibition “Alter Altar”?
A) Claudette Johnson
B) Nan Goldin
C) Alex Farquhar
D) Jasleen Kaur
E) Hannah Black
Answer: D) Jasleen Kaur

Event and Location:

• Event: Jasleen Kaur wins the 2024 Turner Prize for her solo exhibition “Alter Altar”.
• Location: Award ceremony held at Tate Britain, London, on December 3, 2024.

Mandates and Objectives:

• Turner Prize recognizes outstanding contemporary visual art.
• Kaur’s exhibition “Alter Altar” explores themes like childhood, Scottish Sikh identity, nationalism, gender roles, and post-colonialism.

About “Alter Altar”:

• A multimedia installation featuring:
  • A bright red 1980s Ford Escort draped with a crocheted doily and accompanied by a fractured soundtrack.
  • Family photographs, political flyers, and kinetic sculptures with golden bells.
  • Themes of improvisation, political mysticism, and reimagining traditions.

Kaur’s Acceptance Speech:

• Addressed global issues, including the crisis in Gaza.
• Supported protests outside Tate Britain demanding the severance of ties with organizations complicit in the situation in Gaza.
• Emphasized the need to align the practice of politics in galleries with real-life activism.

Context of Protest and Art:

• Highlighted censorship faced by artists addressing political issues, particularly the occupation and destruction in Gaza.
• Criticized the ethical dissonance in cultural institutions that accept politics in art but not in life.

Important Terms Explained:

• Turner Prize:
  • Prestigious annual award presented by Tate Gallery to recognize contemporary visual artists.
• Alter Altar:
  • Kaur’s prize-winning exhibition, blending personal and political themes using multimedia art forms.
• Tate Britain:
  • Major British art institution hosting the Turner Prize and other contemporary art exhibitions.
• Nan Goldin:
  • Renowned photographer known for addressing sociopolitical issues, referenced by Kaur in her speech.

Static GK Information:

Tabular Summary:

---

10. Which organization won the 3rd PSU Transformation Award for “Innovative Product Development”?
A) NTPC Limited
B) SECI
C) PFC Limited
D) BHEL
E) REC Limited
Answer: B) SECI

Event and Location:

• Event: Solar Energy Corporation of India (SECI) Ltd won the 3rd PSU Transformation Award in the Innovative Product Development category.
• Location: Felicitation ceremony held on December 5, 2024, in New Delhi.

Mandates and Objectives:

• Awarded For:
  • Developing Firm and Dispatchable Renewable Energy (FDRE) Supply for DISCOMs.
  • Innovative model addresses demand-following renewable energy supply, ensuring reliability for DISCOMs.

SECI’s Key Personnel Present:

• Recipients of the Award:
  • Shri Sanjay Sharma, Director (Solar).
  • Shri Joshit Ranjan Sikidar, Director (Finance).
  • Shri Sivakumar V Vepakomma, Director (Power System).
• Other Attendees:
  • Shri Ajay Kumar Sinha, General Manager (Corporate Planning).

Significance:

• The FDRE model aligns renewable energy supply with varying DISCOM energy demands.
• It demonstrates SECI’s innovation in renewable energy solutions and commitment to enhancing energy reliability.

Important Terms Explained:

• SECI (Solar Energy Corporation of India):
  • A public sector undertaking under the Ministry of New and Renewable Energy, focused on implementing renewable energy projects.
• Firm and Dispatchable Renewable Energy (FDRE):
  • A power supply model ensuring renewable energy availability on-demand, improving grid stability and reliability.
• DISCOMs (Distribution Companies):
  • Entities responsible for distributing electricity to consumers, often partnering with renewable energy suppliers like SECI.

Static GK Information:

Tabular Summary:

---

National Affairs – Daily Current Affairs December 06

11. Where was the 2nd Edition of the Krishnaveni Sangeetha Neerajanam Music Festival inaugurated?
A) Tirupati
B) Hyderabad
C) Vijayawada
D) Visakhapatnam
E) Bengaluru
Answer: C) Vijayawada

Event and Location:

• Event: The 2nd Edition of Krishnaveni Sangeetha Neerajanam Music Festival.
• Location: Tummalapalli Kshetrayya Kalakshetra Auditorium, Vijayawada, Andhra Pradesh.
• Date: December 6, 2024.

Mandates and Objectives:

• Purpose: Celebrate the rich legacy of Carnatic music and promote Music Tourism by blending cultural preservation with tourism.
• Duration: Three days, featuring over 140 artists and 35 programs across iconic venues in Vijayawada.
• Key Focus:
  • Honoring Telugu composers like Tyagaraja, Annamacharya, and Ramadasa.
  • Promoting GI-tagged handicrafts, handlooms, and regional cuisine.

Key Highlights:

1. Music Tourism:
   • Combines cultural preservation with tourism promotion.
   • Integrates music, crafts, and cuisine to offer a holistic cultural experience.
2. Cultural Showcases:
   • GI-tagged crafts and handlooms presented by the Ministry of Textiles.
   • Culinary traditions highlighted by the Indian Culinary Institute (ICI), Tirupati, featuring authentic regional delicacies.
3. Government Initiatives:
   • Supported by the Ministry of Tourism and conceptualized with contributions from Smt. Nirmala Sitharaman, Union Finance Minister.
   • Plans to expand the festival model to other Southern states, particularly Kerala.

Dignitaries Present:

• Chief Guest: Shri Suresh Gopi, Minister of State for Tourism.
• Other Notable Attendees:
  • Shri Kandula Durgesh, Minister for Tourism, Culture, and Cinematography, Andhra Pradesh.
  • Smt. P. Tejaswi, Chairperson, Andhra Pradesh State Creativity & Culture Commission.
  • Ms. Amrapalli Kata, CEO, Andhra Pradesh Tourism Authority (APTA).

Important Terms Explained:

• Music Tourism:
  • A tourism model that combines cultural and artistic heritage with travel experiences to attract global audiences.
• GI-Tagged Handicrafts:
  • Geographical Indication (GI) tags are given to crafts/products specific to a location, denoting unique origin and quality.
• Carnatic Music:
  • A classical music form originating in South India, known for its devotional and intricate compositions.

Static GK Information:

Tabular Summary:

---

12. What is the primary purpose of the newly launched PMeVIDYA DTH Channel No. 31?
A) To provide career guidance to all students
B) To broadcast content exclusively in Hindi
C) To promote Indian Sign Language (ISL) for inclusivity
D) To showcase cultural events in India
E) To train educators in advanced technologies
Answer: C) To promote Indian Sign Language (ISL) for inclusivity

Event and Location:

• Event: Launch of PMeVIDYA DTH Channel No. 31 dedicated to Indian Sign Language (ISL).
• Location: New Delhi, India.
• Date: December 6, 2024.

Mandates and Objectives:

• Objective:
  • Promote Indian Sign Language (ISL) as a language and a subject.
  • Bridge communication gaps between the hearing-impaired and the hearing world.
  • Align with National Education Policy (NEP) 2020 goals of inclusivity and accessibility.
• Content Offered:
  • Class-wise curricular material.
  • Career guidance and skill training.
  • Mental health resources and communication skills.
  • Promotion of ISL alongside verbal languages like Hindi and English.

Significance:

• Inclusivity in Education:
  • Supports children with hearing impairments through standardized ISL content.
  • Provides resources for teachers, educators, and stakeholders.
• Global Standards:
  • Promotes ISL to global benchmarks, fostering better opportunities for the hearing-impaired.
• Employment Opportunities:
  • Encourages more individuals to learn ISL, creating job opportunities for interpreters and educators.

Key Highlights:

• ISL was recognized as critical for fostering equal opportunities.
• Standardization of over 10,000 words in regional ISLs was appreciated.
• The channel features content from NCERT, ISLRTC, and NIOS, with resources available on YouTube.

Important Terms Explained:

• Indian Sign Language (ISL):
  • A visual language used by individuals with hearing impairments.
  • Promoted as a tool for inclusivity in NEP 2020.
• National Education Policy (NEP) 2020:
  • Reforms aimed at making education more inclusive, with a focus on special needs and accessibility.
• PMeVIDYA DTH Channel:
  • A 24×7 educational channel introduced to support diverse educational needs, including sign language.

Static GK Information:

Tabular Summary:

---

13. Which organization provides equity for developing trunk infrastructure components in the newly approved industrial smart cities?
A) NITI Aayog
B) NICDIT
C) SECI
D) DMICDC
E) Ministry of Urban Development
Answer: B) NICDIT

Event and Location:

• Event: Approval of 12 new industrial smart city projects under the National Industrial Corridor Development Programme (NICDP).
• Date: August 28, 2024.
• Total Cost: ₹28,602 crore (including land cost).

Mandates and Objectives:

• Objective:
  • Develop trunk infrastructure packages across various corridors to boost industrialization and connectivity.
• Institutional and Financial Framework:
  • State Governments: Provide land for the projects.
  • Government of India: Provides equity through National Industrial Corridor Development and Implementation Trust (NICDIT).

Timeline:

• Construction of trunk infrastructure: 36-48 months after appointment of EPC Contractor.

Key Approved Projects and Status:

1. Delhi Mumbai Industrial Corridor (DMIC):
   • Trunk Infrastructure Completed:
     • Dholera Special Investment Region (DSIR), Gujarat.
     • Shendra Bidkin Industrial Area, Maharashtra.
     • Integrated Industrial Townships (Greater Noida, Madhya Pradesh).
     • Logistics Hub in Haryana.
   • Recently Approved: Jodhpur Pali Marwar Industrial Area, Rajasthan.
2. Chennai Bengaluru Industrial Corridor (CBIC):
   • Projects under development: Krishnapatnam (Andhra Pradesh), Tumakuru (Karnataka).
3. Extension of CBIC to Kochi via Coimbatore:
   • Recently Approved: Palakkad Industrial Area, Kerala.
4. Amritsar Kolkata Industrial Corridor (AKIC):
   • Includes industrial cities in Uttarakhand, Punjab, Haryana, Uttar Pradesh, Bihar.
5. Other Corridors:
   • HNIC: Zaheerabad Phase-1 (Telangana).
   • HBIC: Orvakal Industrial Area (Andhra Pradesh).
   • VCIC: Koparthy Industrial Area (Andhra Pradesh).

Special Features of the Program:

• Each industrial city/node is managed by a Special Purpose Vehicle (SPV).
• SPVs can involve private sector representation, leverage user-fee funding, and implement PPP models.

Focus Sectors:

• Heavy Engineering, Auto & Ancillaries, General Manufacturing.
• Pharma & Biotech, Aerospace, Nanotechnology, IT & ITES.
• Agro and Food Processing, Semiconductor Fabrication, Electronics.

Important Terms Explained:

• NICDIT (National Industrial Corridor Development and Implementation Trust):
  • Provides equity support for developing trunk infrastructure in industrial smart cities under the National Industrial Corridor Program.
• Trunk Infrastructure:
  • Basic physical and organizational structures (roads, utilities, etc.) essential for the operation of an industrial smart city.
• Special Purpose Vehicle (SPV):
  • A legal entity created for the specific purpose of managing industrial cities and leveraging innovative funding tools.

Static GK Information:

Tabular Summary:

---

14. How many new Kendriya Vidyalayas have been approved under the civil/defence sector by the Cabinet?
A) 75
B) 85
C) 90
D) 100
E) 86
Answer: B) 85

Event and Location:

• Event: Approval for the establishment of 85 new Kendriya Vidyalayas (KVs) and the expansion of KV Shivamogga, Karnataka by the Cabinet Committee on Economic Affairs.
• Location: Across various states in India.

Mandates and Objectives:

• Objective:
  • Address the educational needs of wards of transferable Central Government/Defence employees.
  • Provide quality education in underserved and remote areas.
• Expansion Plan:
  • KV Shivamogga will add two additional sections in all classes to accommodate increased demand.

Financial Implications:

• Total estimated cost: ₹5,872.08 crore over eight years (2025-2033).
• Capital expenditure: ₹2,862.71 crore.
• Operational expenditure: ₹3,009.37 crore.

Beneficiaries and Employment Opportunities:

• Capacity per KV: 960 students.
• Total beneficiary capacity: 82,560 students across the 86 schools.
• Direct employment: 5,388 permanent jobs created for teaching and administrative staff.
• Indirect employment: Opportunities for skilled and unskilled workers during construction and facility augmentation.

Significance:

• Aligns with the National Education Policy (NEP) 2020, with KVs designated as PM SHRI Schools to showcase and implement NEP goals.
• Ensures equal access to quality education for children of Central Government/Defence employees, floating populations, and those in remote areas.

Historical Background:

• The Kendriya Vidyalaya scheme was approved in November 1962.
• Initially established for wards of Defence personnel, it now caters to transferable and non-transferable Central Government employees.

Important Terms Explained:

• Kendriya Vidyalayas (KVs):
  • A network of centrally funded schools managed under the Kendriya Vidyalaya Sangathan (KVS) to ensure uniform quality education.
• PM SHRI Schools:
  • Schools recognized under the National Education Policy (NEP) 2020, serving as exemplars of modern education practices.
• National Education Policy (NEP) 2020:
  • A comprehensive framework aimed at transforming India’s education system with a focus on inclusivity, accessibility, and quality.

Static GK Information:

Tabular Summary:

---

15. How many new Navodaya Vidyalayas (NVs) have been approved by the Cabinet for uncovered districts?
A) 20
B) 25
C) 28
D) 30
E) 35
Answer: C) 28

Event and Location:

• Event: Approval for setting up 28 new Navodaya Vidyalayas (NVs) in uncovered districts under the Navodaya Vidyalaya Scheme.
• Location: Across various states in India, focusing on rural areas.

Mandates and Objectives:

• Objective:
  • Provide quality residential education to talented rural children from Class VI to XII, irrespective of socio-economic conditions.
  • Align with the National Education Policy (NEP) 2020 by making Navodaya Vidyalayas PM SHRI schools.
• Student Capacity:
  • Each NV has a capacity of 560 students.
  • Total beneficiary capacity for the 28 NVs: 15,680 students.

Financial Implications:

• Total cost: ₹2,359.82 crore over five years (2024-2029).
  • Capital expenditure: ₹1,944.19 crore.
  • Operational expenditure: ₹415.63 crore.

Employment Opportunities:

• Direct permanent employment: 1,316 individuals.
• Indirect employment for local vendors, service providers, and workers in construction and allied activities.

Significance of NVs:

• Ensure inclusivity in education, with increasing enrolment of:
  • Girls: 42%.
  • SC/ST/OBC children: 83% combined (SC: 24%, ST: 20%, OBC: 39%).
• Foster rural talent excelling in fields such as engineering, medicine, armed forces, and civil services.
• NVs have consistently delivered top performance in CBSE board exams.

Current Status of NVs:

• Total sanctioned NVs: 661, including second NVs in 20 districts with large SC/ST populations.
• Functional NVs: 653.

Important Terms Explained:

• Navodaya Vidyalayas (NVs):
  • Fully residential, co-educational schools providing quality education primarily to rural children.
  • Admissions based on a Selection Test for Class VI.
• PM SHRI Schools:
  • Schools identified under the National Education Policy (NEP) 2020 as exemplars, showcasing best practices for quality and inclusive education.
• National Education Policy (NEP) 2020:
  • Comprehensive policy aimed at transforming India’s education system with inclusivity, accessibility, and innovation.

Static GK Information:

Tabular Summary:

---

---

Over All Review

DOWNLOAD TODAY’S CURRENT AFFAIRS PDF – CLICK HERE

You Must Also Read Daily Current Affairs December 05