Daily Current Affairs December 14

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 14. 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 14 | Daily Current Affairs 2023

Obituary – Daily Current Affairs December 14

1. Which Emmy-winning actor, known for roles in “Homicide: Life on The Street” and “Brooklyn Nine-Nine,” passed away at the age of 61?
A) Morgan Freeman
B) Denzel Washington
C) Andre Braugher
D) Raymond Holt
E) Frank Pembleton
Answer: C) Andre Braugher

• Andre Braugher, the Emmy-winning actor best known for his roles on the series “Homicide: Life on The Street” and “Brooklyn 99,” died at age 61.
• The Chicago-born actor had his breakthrough role in 1989’s “Glory,” starring alongside Morgan Freeman and Denzel Washington.
• Braugher was known for his role as the upright Captain Raymond Holt in the comedy series “Brooklyn Nine-Nine” from 2013 until 2021.
• Braugher won an Emmy Award twice out of the 11 nominations.
• He won a lead actor Emmy for his role as Detective Frank Pembleton on NBC’s “Homicide: Life on Street” in 1998.

Banking and Finance – Daily Current Affairs December 14

2. What is the amount of the Line of Credit that the State Bank of India will sign with Kfw for solar photovoltaic projects?
A) Euro 50 million
B) Euro 70 million
C) Euro 100 million
D) Euro 120 million
E) Euro 150 million
Answer: B) Euro 70 million

• The State Bank of India (SBI) will sign a Euro 70 million Line of Credit with Kfw (German Development Bank) for supporting solar photovoltaic projects in India.

Note:

• India committed to an ambitious five-part “Panchamrit” pledge at COP26, held in 2021.
• They included reaching 500 GW of non-fossil electricity capacity, generating half of all energy requirements from renewables, to reducing emissions by 1 billion tonnes by 2030.
• India also aims to reduce the emissions intensity of GDP by 45 per cent.
• India commits net zero emissions by 2070.

3. What is the primary focus of the collaboration between Reliance Industries and DBS Bank India?
A) Promoting renewable energy in urban areas
B) Establishing new manufacturing plants
C) Supporting the production of compressed natural gas (CNG)
D) Introducing a financing initiative for compressed biogas (CBG) plants
E) Investing in agricultural technology
Answer: D) Introducing a financing initiative for compressed biogas (CBG) plants

• Reliance Industries and DBS Bank India have collaborated to introduce a financing initiative aimed at supporting the establishment of compressed biogas (CBG) plants.
• The initiative aims to foster the vendor partners who can aggregate agricultural residue as raw material for Reliance’s CBG production plants throughout India.
• Over the next five years, Reliance plans to establish approximately 100 CBG plants, consuming over 5.5 million tonnes per annum of agricultural residue and organic waste.
• This initiative is projected to result in a yearly reduction of nearly 2 million tonnes of carbon dioxide emissions.

4. What authorization has Bandhan Bank received from the Reserve Bank of India (RBI) regarding retired railway employees?
A) Authorization to issue credit cards
B) Authorization to disburse pensions on behalf of the Railway Ministry
C) Authorization to operate new branches
D) Authorization to conduct financial literacy programs
E) Authorization to manage provident fund accounts
Answer: B) Authorization to disburse pensions on behalf of the Railway Ministry

• Bandhan Bank has secured authorisation from the Reserve Bank of India (RBI) to disburse pensions to retired railway employees on behalf of the Railway Ministry.
• Indian Railways is one of the country’s largest employers, with around 12 lakh employees.
• It will grant the bank access to all its pensioners and an additional 50,000 pensioners who join its ranks annually across the country.

5. Under which act does the RBI have the authority to impose penalties on banks?
A) Banking Regulation Act, 1949
B) RBI Act, 1934
C) Financial Institutions Regulation Act, 1971
D) Cooperative Societies Act, 1912
E) Securities and Exchange Board of India Act, 1992
Answer: A) Banking Regulation Act, 1949

• The Reserve Bank of India (RBI) has imposed monetary penalties on five cooperative banks for deficiencies in regulatory compliance.
• The Reserve Bank imposed a monetary penalty of Rs 5.00 lakh on Indapur Urban Co-operative Bank Ltd., Pune, Maharashtra for non-compliance with directions issued by RBI on ‘Investments by Primary (Urban) Co-operative Banks’, ‘Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks’, and ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’.
• The RBI imposed a monetary penalty of Rs 5.00 lakh on Janakalyan Sahakari Bank Limited, Mumbai for non-compliance with the directions issued by RBI on ‘Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC)’.
• RBI imposed a monetary penalty of Rs 2.00 lakh on The Patan Urban Co-operative Bank Limited, Satara, Maharashtra for contravention of the provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and for non-compliance with the directions issued by RBI on ‘The Depositor Education and Awareness Fund’.
• The Reserve Bank imposed a monetary penalty of Rs 1.00 lakh on Pune Merchants Co-operative Bank Limited, Pune for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks’.
• The RBI imposed a monetary penalty of Rs 1.00 lakh on Pune Municipal Corporation Servant’s Co-operative Urban Bank Limited, Pune for non-compliance with RBI directions on ‘Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks’.
• These penalties have been imposed in the exercise of powers conferred on RBI under certain provisions of the Banking Regulation Act, 1949.

The Penalties imposed by RBI on Cooperative Banks:

• Indapur Urban Co-operative Bank Ltd – Pune, Maharashtra – Rs 5 Lakh
• Janakalyan Sahakari Bank Ltd – Mumbai, Maharashtra – Rs 5 Lakh
• The Patan Urban Co-operative Bank Ltd – Satara, Maharashtra – Rs 2 Lakh
• Pune Merchants Co-operative Bank Ltd – Pune, Mahasrahtra – Rs 1 Lakh
• Pune Municipal Corporation Servant’s Co-operative Urban Bank Ltd – Pune, Maharashtra – Rs 1 Lakh

International Affairs – Daily Current Affairs December 14

6. Which team won the Admiral’s Cup 23 at the Sailing Regatta?
A) Team India
B) Team United Kingdom
C) Team Italy
D) Team Germany
E) Team Australia
Answer: C) Team Italy

• The 12th edition of ‘Admiral’s Cup’ Sailing Regatta concluded at Indian Naval Academy (INA), Ezhimala.
• Team Italy represented by Midshipman Avallone Antonio & Midshipman Creati Carlo Leonardo won the Admiral’s Cup 23.
• Team India represented by Midshipman PPK Reddy and Cadet GY Reddy was the Runners-Up and Team United Kingdom & Germany represented by Officer Cadet Lucy Bell and Midshipman Aaron Middleton from United Kingdom and Cadet Beckman Carl & Cadet Hinz Anton from Germany shared the third position.
• Vice Admiral Puneet K Bahl, Commandant, INA the Chief Guest for the closing ceremony presented the ‘Admiral’s Cup’, Runners Up trophy and individual prizes to the winners.
• 43 participants, including 08 female participants displayed their sailing skills in the Laser Radials in challenging wind and weather conditions.
• This edition of the Admiral’s Cup Sailing Regatta 2023, saw participation from 20 countries and Indian teams from Indian Naval Academy, Ezhimala and National Defence Academy, Khadakvasla.

National Affairs – Daily Current Affairs December 14

7. From which two indigenous sources does the Indian Army plan to procure the Pinaka rockets?
A) Lockheed Martin and Boeing
B) Hindustan Aeronautics Limited and Bharat Electronics Limited
C) Economic Explosives Limited and Solar Industries
D) DRDO and ISRO
E) Munitions India Limited and Tata Advanced Systems
Answer: C) Economic Explosives Limited and Solar Industries

• The defence ministry has approved a Rs 2,800 crore proposal for buying around 6,400 rockets for Pinaka multi barrel rocket launcher systems.
• The Indian-made Pinaka weapon system, named after the bow of Hindu god Shiva, has been developed by the Defence Research and Development Organisation.
• The rockets would be procured by the Indian Army from indigenous sources only and two main contenders include the Economic Explosives Limited of Solar Industries and The Munitions India Limited
• The trials of the Pinaka rockets have also been conducted by the forces in Pokhran firing ranges in Rajasthan.
• As part of larger artillery modernisation plans, the army has a requirement of 22 regiments of the Pinaka MBRL.

8. What is the primary objective of the “Bhagwant Mann Sarkar Tuhade Dwar” scheme?
A) Providing financial assistance to farmers
B) Offering educational scholarships
C) Providing citizen-centric services at people’s doorsteps
D) Enhancing healthcare infrastructure
E) Supporting small businesses
Answer: C) Providing citizen-centric services at people’s doorsteps

• AAP national convenor Arvind Kejriwal and Punjab Chief Minister Bhagwant Mann launched the “Bhagwant Mann Sarkar Tuhade Dwar” scheme, aimed at providing citizen-centric services to people at their doorstep.
• Under the scheme, people will get 43 services, including issuance of certificates of birth, marriage, death, income, residence, caste, rural area, border area, backward area, pension, payment of electricity bills and land demarcation.
• Note: This scheme was launched by Arvind Kejriwal in 2018.

9. What factors contribute to the development of greenfield airports?
A) Decline in air-traffic demand
B) Decrease in urbanization
C) Shrinkage of small towns into villages
D) Increase in air-traffic demand, urbanization, and growth of small towns into bigger cities
E) Expansion of existing airports
Answer: D) Increase in air-traffic demand, urbanization, and growth of small towns into bigger cities

• The Ministry of Defence has granted No Objection for the grant of site clearance to set up a Greenfield Airport at Parandur near Chennai in Tamil Nadu.
• An investment of Rs 20,000 crore is being planned to develop a greenfield airport at Parandur, which would annually handle 10 crore people.
• It will have two runways, terminal buildings, taxiways, an apron, and a cargo terminal.
• The Chennai airport handles around 2.2 crore people annually.
• After the ongoing modernisation work, it can handle 3.5 crore people a year for the next seven years.

Greenfield Airport:

• Greenfield airports are aviation facilities that are constructed entirely from scratch on land that has never been used for aviation.
• The development of greenfield airports is necessitated by the increase in air-traffic demand at the existing airports, the rise in the level of urbanization, and the growth of small towns into bigger cities.
• Government of India has formulated a Greenfield Airports Policy, 2008 which provides detailed guidelines, procedures and steps related to construction of Greenfield airports across the country.
• Under the GFA Policy, the project proponent- an airport developer or the respective State Government willing to establish a Greenfield airport is required to send a proposal to the Ministry of Civil Aviation in the prescribed format for 2-stage approval process i.e., ‘Site Clearance’ followed by ‘In-Principle’ approval.

Information about Greenfield Airport as on March 2023:

• Under the GFA policy, Government of India has accorded ‘In-Principle’ approval for setting up of 21 Greenfield Airports namely, Mopa in Goa, Navi Mumbai, Shirdi and Sindhudurg in Maharashtra, Kalaburagi, Vijayapura, Hassan and Shivamogga in Karnataka, Dabra (Gwalior) in Madhya Pradesh, Kushinagar and Noida (Jewar) in Uttar Pradesh, Dholera and Hirasar in Gujarat, Karaikal in Puducherry, Dagadarthi, Bhogapuram and Orvakal (Kurnool) in Andhra Pradesh, Durgapur in West Bengal, Pakyong in Sikkim, Kannur in Kerala and Itanagar in Arunachal Pradesh across the country.
• Out of these, 11 Greenfield airports viz. Durgapur, Shirdi, Kannur, Pakyong, Kalaburagi, Orvakal (Kurnool), Sindhudurg, Kushinagar, Itanagar, Mopa and Shivamogga have been operationalised.
• Government of India has also granted the first stage clearance i.e. site clearance for construction of three Greenfield airports namely Alwar in Rajasthan, Singrauli in Madhya Pradesh and Mandi in Himachal Pradesh.

10. Who inaugurated the ASEAN-India Millet Festival in New Delhi?
A) Shri Sanjeev Kumar
B) Ms. Lily Pandeya
C) Shri Arjun Munda
D) Shri Arun Jaitley
E) Shri Narendra Modi
Answer: C) Shri Arjun Munda

• Union Minister of Agriculture and Farmers’ Welfare and Tribal Affairs Shri Arjun Munda inaugurated ASEAN-India Millet Festival at New Delhi.
• In line with the International Year of Millets, the festival aims to increase awareness and establish a larger market for millet and millet based products.
• The inaugural day featured two enlightening panel discussions, The first panel, ‘Issues of Hunger and Malnutrition in Southeast Asia – Millets as a Solution,’ moderated by Additional Secretary, Ministry of Women & Child Development, Shri Sanjeev Kumar.
• The second panel, titled, ‘History and Culture of Millets in Southeast Asia,’ moderated by Joint Secretary, Ministry of Culture, Ms. Lily Pandeya delved into the historical and cultural ties between the regions, emphasizing millets’ role in reviving traditional connections.
• The event followed a preceding festival held in Jakarta, Indonesia from 22-26 November 2023.

11. What is the total investment in Indian Space Start-Ups as of the latest data by DPIIT Startup India Portal?
A) $50.5 Million
B) $75.2 Million
C) $100.9 Million
D) $124.7 Million
E) $150.4 Million
Answer: D) $124.7 Million

• The number of Space Start-Ups have gone up from just 1 in 2014 to 189 in 2023 as per DPIIT Start-Up India Portal.
• The investment in Indian Space Start-Ups has increased to $ 124.7 Million.
• The government has announced the Indian Space Policy 2023, which enables end-to-end participation of Non-Governmental Entities (NGEs) in all domain of Space activities.

12. Where will the Sammakka Sarakka Central Tribal University be established?
A) Mulugu in the State of Telangana
B) Kochi in the State of Kerala
C) Jaipur in the State of Rajasthan
D) Varanasi in the State of Uttar Pradesh
E) Bhopal in the State of Madhya Pradesh
Answer: A) Mulugu in the State of Telangana

• The Rajya Sabha passed the Central Universities (Amendment), Bill, 2023 further to amend the Central Universities Act, 2009 for establishment Sammakka Sarakka Central Tribal University at Mulugu in the State of Telangana.
• The University will be established at a cost of Rs. 889.07 crore.
• In the University, there will be graduate, postgraduate and Doctoral level courses under the five schools having 11 departments.
• A total of 2790 UG and PG students are proposed for the initial seven years of operation of this Tribal University.
• The University has been named “Sammakka Sarakka Central Tribal University” on the mother and daughter, Sammakka and Saralamma (commonly known as Sarakka), who are believed to be manifestations of Adi Parashakti sent to protect the tribal communities of Telangana.

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