Daily Current Affairs September 11

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 September 11. 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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September 11 | Daily Current Affairs 2024

Sports – Daily Current Affairs September 11

1. Who won the 4th Intercontinental Cup Men’s Football Tournament?
A) India
B) Mauritius
C) Syria
D) Lebanon
E) North Korea
Answer: C) Syria

Event and Location:

• Event: 4th Intercontinental Cup Men’s Football Tournament
• Location: GMC Balayogi Gachibowli Stadium, Hyderabad, Telangana
• Date: 3 to 9 September 2024

Mandates and Objectives:

• Organized by the All India Football Federation (AIFF), the tournament aimed to provide competitive international match exposure to participating teams.
• Syria defeated India 3-0 in the final round-robin match and won the tournament.
• Mahmoud Al-Mawas, Syrian captain, was awarded the Syed Abdul Rahim Trophy for the best player.

Important Terms Explained:

• Syed Abdul Rahim Trophy: Awarded to the best player of the tournament.
• Round-Robin Format: Each team played against every other team once; the team with the most points won.
• All India Football Federation (AIFF): The governing body of football in India, responsible for organizing this tournament.

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Ranking – Daily Current Affairs September 11

2. Which country recently surpassed China to become the top weight nation in the MSCI Emerging Market (EM) Investable Market Index (IMI)?
A) South Korea
B) Taiwan
C) India
D) Brazil
E) Russia
Answer: C) India

Event and Location:

• Event: India surpasses China to become the top weight in the MSCI Emerging Market (EM) Investable Market Index (IMI) for the first time.
• Location: Global Financial Markets (Index tracked by global funds investing in emerging markets)

Mandates and Objectives:

• The MSCI EM IMI covers large-cap, mid-cap, and small-cap stocks from emerging markets, tracking approximately $500 billion in assets.
• India’s weightage is now 22.27%, surpassing China’s 21.58% in the index, marking a historic shift driven by China’s underperformance and India’s increasing prominence.
• India’s stock market capitalisation is $5.03 trillion compared to China’s $8.14 trillion, yet India’s greater small-cap weighting contributes to its higher share in the index.

Important Terms Explained:

• MSCI (Morgan Stanley Capital International) Index: A widely followed benchmark for global equity markets, specifically for emerging markets in this case.
• EM IMI (Emerging Market Investable Market Index): A comprehensive index tracking large, mid, and small-cap stocks from emerging markets.
• Weighting: The relative percentage of a country’s stocks within an index.
• Foreign Portfolio Investors (FPIs): Investors who invest in a country’s stock markets from abroad.

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Banking and Finance – Daily Current Affairs September 11

3. What recent designation has been given to the National Bank for Financing Infrastructure and Development (NaBFID)?
A) Public Sector Bank
B) Commercial Bank
C) Public Financial Institution
D) Cooperative Bank
E) Regional Rural Bank
Answer: C) Public Financial Institution

Event and Location:

• Event: The Ministry of Corporate Affairs (MCA) notified the National Bank for Financing Infrastructure and Development (NaBFID) as a Public Financial Institution.
• Location: New Delhi, India
• Date: September 11, 2024

Mandates and Objectives:

• NaBFID was established to provide long-term financing for infrastructure projects in India.
• The designation of Public Financial Institution under Company Law will provide NaBFID with a broader mandate to finance large infrastructure projects, allowing it to issue bonds and other financial instruments.

Important Terms Explained:

• Public Financial Institution (PFI): An institution that plays a significant role in financing projects of national importance, particularly in sectors such as infrastructure, and enjoys specific privileges under Indian law.

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Business and Economy – Daily Current Affairs September 11

4. Where did IREDA receive approval to set up its wholly-owned subsidiary?
A) Bengaluru
B) Mumbai
C) GIFT City, Gujarat
D) Hyderabad
E) Delhi
Answer: C) GIFT City, Gujarat

Event and Location:

• Event: IREDA (Indian Renewable Energy Development Agency) received approval from the Reserve Bank of India (RBI) to set up its wholly-owned subsidiary.
• Location: GIFT City (Gujarat International Finance Tec-City), Gujarat
• Date: September 2024

Mandates and Objectives:

• IREDA’s new subsidiary, named IREDA Global Green Energy Finance IFSC Limited, will operate in GIFT City as a finance company, marking a key step towards expanding its green financing initiatives internationally.
• This move aligns with India’s Panchamrit targets to boost renewable energy growth and pave the way for competitive funding for the renewable energy sector.

Important Terms Explained:

• GIFT City (Gujarat International Finance Tec-City): A global financial and IT services hub in Gujarat, India.
• Panchamrit targets: India’s ambitious climate goals announced during the COP26 summit, aimed at significantly reducing carbon emissions and boosting renewable energy capacity.

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5. What is the purpose of the newly launched app by ONDC?
A) To manage logistics for sellers
B) To help consumers discover and access buyer applications on the network
C) To facilitate cross-border transactions
D) To assist sellers with inventory management
E) To provide customer service for digital payments
Answer: B) To help consumers discover and access buyer applications on the network

Event and Location:

• Event: ONDC (Open Network for Digital Commerce) launched an app to raise awareness about how consumers can shop on the network.
• Location: New Delhi, India
• Date: September 11, 2024

Mandates and Objectives:

• The app’s primary function is to help consumers discover and access buyer applications on the ONDC platform, making it easier for shoppers to explore the network.
• The goal is to increase consumer awareness and improve access to digital commerce services on the ONDC.

Important Terms Explained:

• ONDC (Open Network for Digital Commerce): A government-backed initiative aimed at democratizing digital commerce by creating an open platform where buyers and sellers can transact.

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6. What is the purpose of the £500 million grant received by Tata Steel from the UK government?
A) To build a new plant in India
B) To install an Electric Arc Furnace in Wales
C) To upgrade coal-based steel production
D) To develop a steel recycling facility
E) To expand operations in the Middle East
Answer: B) To install an Electric Arc Furnace in Wales

Event and Location:

• Event: Tata Steel signs an agreement with the UK government for a £500 million grant.
• Location: Port Talbot steelworks, Wales, UK
• Date: September 11, 2024

Mandates and Objectives:

• The £500 million grant is provided by the UK government to support Tata Steel’s investment of £1.25 billion to install an Electric Arc Furnace at its Port Talbot steelworks in Wales.
• This initiative is aimed at producing green steel, which will significantly reduce carbon emissions by replacing the traditional blast furnace technology with more environmentally friendly electric arc technology.

Important Terms Explained:

• Electric Arc Furnace: A type of furnace used for steelmaking that melts scrap steel or iron using electricity, which significantly reduces carbon emissions compared to traditional methods.
• Green Steel: Environmentally friendly steel production that focuses on reducing carbon emissions and using sustainable processes.

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Acquisitions and Mergers – Daily Current Affairs September 11

7. What is the expected completion date of the Tata Motors Finance Limited (TMFL) and Tata Capital Limited (TCL) merger?
A) December 2024
B) January 2025
C) June 2025
D) March 2025
E) July 2025
Answer: C) June 2025

Event and Location:

• Event: Merger of Tata Motors Finance Limited (TMFL) with Tata Capital Limited (TCL)
• Location: India
• Approval by: Competition Commission of India (CCI)

Mandates and Objectives:

• The merger is aimed at consolidating Tata Group’s financial services.
• TCL will acquire TMFL through a scheme of arrangement filed with the National Company Law Tribunal (NCLT).
• The objective is to enhance Tata Capital’s market share in the vehicle financing sector and streamline Tata Motors’ focus on its core automotive business.

Important Terms Explained:

• Non-Banking Financial Company (NBFC-ICC): A company offering financial services without holding a banking license.
• Scheme of Arrangement: A court-approved agreement for a merger, allowing the combining of businesses.
• PAT (Profit After Tax): The net profit a company makes after deducting taxes, highlighting the financial strength of the merged entity.

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Awards – Daily Current Affairs September 11

8. Who presented the National Florence Nightingale Awards 2024 to nursing professionals?
A) Prime Minister Narendra Modi
B) Union Health Minister
C) Smt Droupadi Murmu
D) Dr. Harsh Vardhan
E) Rajnath Singh
Answer: C) Smt Droupadi Murmu

Event and Location:

• Event: Presentation of the National Florence Nightingale Awards 2024.
• Location: Rashtrapati Bhavan, New Delhi
• Date: September 11, 2024

Mandates and Objectives:

• The National Florence Nightingale Awards were instituted by the Ministry of Health and Family Welfare, Government of India, to honor outstanding nursing personnel for their meritorious services.
• The President of India, Smt Droupadi Murmu, presented these prestigious awards to recognize the contribution of nursing professionals towards healthcare.

Important Terms Explained:

• Florence Nightingale: The founder of modern nursing, known for her work during the Crimean War, and these awards are named in her honor.
• Rashtrapati Bhavan: The official residence of the President of India, located in New Delhi.

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Defence – Daily Current Affairs September 11

9. Where was the multinational symposium on ‘Air Domain Awareness’ held during Exercise Tarang Shakti 2024?
A) New Delhi
B) Jodhpur
C) Bengaluru
D) Mumbai
E) Chennai
Answer: B) Jodhpur

Event and Location:

• Event: Multinational symposium on ‘Air Domain Awareness’ as part of Exercise Tarang Shakti 2024
• Location: Jodhpur, India
• Date: September 11, 2024

Mandates and Objectives:

• The symposium, themed “Collaborative Approach to Facilitate Air Domain Awareness Towards Enhancing Regional Security”, was organized to promote interoperability and operational coordination among the participating nations.
• Exercise Tarang Shakti 2024 is India’s largest multinational air exercise, focusing on enhancing cooperation between Friendly Foreign Countries (FFCs).
• Over 50 delegates from 27 nations discussed strategies to improve air domain awareness and airspace management to address national and regional security challenges.

Important Terms Explained:

• Air Domain Awareness: The ability to detect, track, identify, and monitor air activity within a nation’s airspace for both military and civilian purposes.
• Exercise Tarang Shakti: A major multinational air exercise led by the Indian Air Force (IAF) to enhance operational coordination and improve strategic capabilities.

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International Affairs – Daily Current Affairs September 11

10. Which country recently became the 101st member of the International Solar Alliance (ISA)?
A) Bhutan
B) Bangladesh
C) Nepal
D) Sri Lanka
E) Maldives
Answer: C) Nepal

Event and Location:

• Event: Nepal joins the International Solar Alliance (ISA) as the 101st member.
• Location: New Delhi, India
• Date: September 2024
• The Instrument of Ratification was handed over by Nepal’s Charge d’Affairs Dr. Surendra Thapa during a meeting with Abhishek Singh, Joint Secretary in the Ministry of External Affairs.

Mandates and Objectives:

• International Solar Alliance (ISA) is an international organization aimed at promoting solar energy usage globally by mobilizing investments and facilitating cooperation between member nations.
• Nepal’s membership strengthens its commitment to sustainable energy development and international collaboration in the renewable energy sector.

Important Terms Explained:

• Instrument of Ratification: A formal document used to confirm a country’s intent to be legally bound by a treaty or agreement.
• International Solar Alliance (ISA): An alliance of countries committed to addressing global energy demands using solar power.

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11. Where was the 5th meeting of the India-Philippines Joint Defence Cooperation Committee (JDCC) held?
A) New Delhi
B) Manila
C) Mumbai
D) Cebu
E) Hyderabad
Answer: B) Manila

Event and Location:

• Event: 5th meeting of the India-Philippines Joint Defence Cooperation Committee (JDCC)
• Location: Manila, Philippines
• Date: September 11, 2024

Mandates and Objectives:

• The meeting was co-chaired by Shri Giridhar Aramane, Defence Secretary of India, and Mr Irineo Cruz Espino, Senior Undersecretary, Ministry of National Defence of the Philippines.
• The discussions focused on bilateral and multilateral defence cooperation, co-development, and co-production of defence equipment between India and the Philippines.
• India invited the Philippines to collaborate with its defence industry under the ‘Aatmanirbhar Bharat’ initiative, aiming for self-reliance in defence production.

Important Terms Explained:

• JDCC (Joint Defence Cooperation Committee): A bilateral platform established under the 2006 Memorandum of Understanding (MoU) between India and the Philippines to enhance defence cooperation.
• Aatmanirbhar Bharat: A vision for self-reliant India, focusing on indigenisation in various sectors, including defence production.
• White Shipping Information Exchange: A mechanism for sharing maritime information between countries to enhance maritime security.

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12. Which companies signed an MoU with UAE-based International Resources Holding for critical mineral projects?
A) ONGC Videsh, Oil India, and KABIL
B) ONGC, BPCL, and GAIL
C) IOC, ONGC, and OVL
D) KABIL, IOC, and BPCL
E) GAIL, Oil India, and KABIL
Answer: A) ONGC Videsh, Oil India, and KABIL

Event and Location:

• Event: Signing of a Memorandum of Understanding (MoU) for critical mineral projects.
• Location: Global collaboration involving UAE-based International Resources Holding and Indian state-owned entities.
• Date: September 11, 2024

Mandates and Objectives:

• ONGC Videsh (OVL), Oil India (OIL), and Khanij Bidesh India (KABIL) signed the MoU with International Resources Holding (IRH), UAE to collaborate on identification, acquisition, and development of critical mineral projects globally, including in India.
• The goal is to secure a stable supply of critical minerals essential for energy and other sectors, focusing on project identification, risk management, and a long-term offtake strategy.

Important Terms Explained:

• Critical Minerals: Essential minerals required for the development of key technologies such as energy, batteries, and electronics. These are often scarce and strategically important.
• Maharatna: A designation for Indian state-owned enterprises with high operational and financial autonomy. Oil India is one such company.

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National Affairs – Daily Current Affairs September 11

13. What is the primary goal of the PAIR programme launched by the government?
A) To provide scholarships to HEI students
B) To enhance research capabilities in higher education institutions
C) To fund infrastructure development in universities
D) To promote international collaborations between HEIs
E) To establish new HEIs in India
Answer: B) To enhance research capabilities in higher education institutions

Event and Location:

• Event: Launch of the Partnerships for Accelerated Innovation and Research (PAIR) programme
• Location: New Delhi, India
• Announced By: Department of Science and Technology (DST)
• Date: September 10, 2024

Mandates and Objectives:

• The PAIR programme aims to improve research capabilities in higher education institutions (HEIs).
• It establishes a “Hub and Spoke” framework where top-tier research institutions mentor HEIs with limited research capabilities, fostering collaboration and research excellence.
• Managed by the Anusandhan National Research Foundation (ANRF), the programme also seeks to bridge gaps in India’s research output, as less than 1% of the 40,000 HEIs currently engage in research.

Important Terms Explained:

• ANRF (Anusandhan National Research Foundation): A foundation established by the Anusandhan National Research Foundation Act 2023 to promote research and innovation in India.
• Hub and Spoke Framework: A system where a central hub institution supports smaller institutions (spokes) to grow their research potential.
• MAHA (Mission for Advancement in High-impact Areas): A research programme under ANRF focusing on critical fields such as electric vehicle mobility and advanced materials.

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14. Which initiative was launched to promote a paperless legislative environment for State Legislatures?
A) Subordinate Legislation Management System
B) NeVA 2.0
C) NYPS Portal 2.0
D) Consultative Committee Management System
E) NYPS for Eklavya Model Residential Schools
Answer: B) NeVA 2.0

Event and Location:

• Event: Launch of six digital initiatives by Shri Kiren Rijiju, Union Minister for Parliamentary Affairs, as part of the 100 Days Achievements of the Ministry of Parliamentary Affairs (MoPA).
• Location: Parliament House Annexe, New Delhi
• Date: September 11, 2024

Mandates and Objectives:

• The National e-Vidhan Application (NeVA) 2.0 is designed to promote paperless legislative operations across State Legislatures, improving efficiency, transparency, and smooth functioning.
• NeVA Mobile App version 2.0 was also launched, providing enhanced user experience and real-time integration for legislators.
• Other initiatives include the Subordinate Legislation Management System (SLMS), Consultative Committee Management System (CCMS), and NYPS Portal 2.0 to involve youth and students in parliamentary practices.

Important Terms Explained:

• NeVA (National e-Vidhan Application): A digital platform aimed at achieving a paperless legislative environment across India’s State Legislatures.
• NYPS (National Youth Parliament Scheme): A platform encouraging youth, especially tribal students through Eklavya Model Residential Schools (EMRSs), to understand parliamentary processes.
• SLMS (Subordinate Legislation Management System): A portal bringing various stakeholders onto a single platform for effective legislative decision-making.

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15. Who chaired the 12th meeting of the Empowered Task Force (ETF) on Ganga Rejuvenation?
A) Dr. Raj Bhushan Choudhary
B) Sh. C. R. Paatil
C) Sh. Rajeev Kumar Mital
D) Sh. Ashok K. Meena
E) Sh. Anurag Srivastava
Answer: B) Sh. C. R. Paatil

Event and Location:

• Event: 12th Meeting of the Empowered Task Force (ETF) on Ganga Rejuvenation
• Location: Delhi, India
• Date: September 11, 2024

Mandates and Objectives:

• The meeting was chaired by Sh. C. R. Paatil, Minister of Jal Shakti, focusing on Ganga Rejuvenation efforts under the Namami Gange programme.
• Key areas discussed:
  • Reuse of treated water as a valuable resource, especially for construction and power sectors.
  • Natural farming practices along the Ganga basin to aid in river rejuvenation.
  • A comprehensive River Action Plan to address polluted stretches, enhance rural sanitation, and complete infrastructure targets.
  • Emphasis on utilizing the tourism potential along the Ganga to boost regional economic growth.

Important Terms Explained:

• Namami Gange: A flagship program launched by the Government of India for the conservation and rejuvenation of the River Ganga.
• STPs (Sewage Treatment Plants): Facilities designed to treat sewage before releasing it back into water bodies.
• PRAYAG (Platform for Real-time Monitoring of Yamuna and Ganga): A system for real-time tracking of river pollution levels using online monitoring systems.

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16. What is the primary goal of the MoU signed between the National Health Authority (NHA) and IIT Kanpur under the Ayushman Bharat Digital Mission?
A) Develop AI-powered healthcare robots
B) Create a platform to benchmark and validate AI models in healthcare
C) Provide AI training for healthcare professionals
D) Build hospitals powered by AI technology
E) Launch a new AI-based health insurance scheme
Answer: B) Create a platform to benchmark and validate AI models in healthcare

Event and Location:

• Event: Signing of a Memorandum of Understanding (MoU) between the National Health Authority (NHA) and IIT Kanpur
• Location: New Delhi, India
• Date: September 11, 2024

Mandates and Objectives:

• The MoU aims to develop an open public benchmarking platform to compare and validate AI models in healthcare, enabling researchers to use data for improving health outcomes.
• This platform is part of the Ayushman Bharat Digital Mission (ABDM) and will address challenges in AI-based disease diagnosis by providing reliable health data.
• The platform will feature:
  • Federated learning across various machine learning pipelines.
  • Quality-preserving healthcare database.
  • Consent management system for research.

Important Terms Explained:

• Ayushman Bharat Digital Mission (ABDM): A national initiative aimed at establishing a robust digital health ecosystem by integrating hospitals, labs, and other healthcare entities.
• Federated Learning: A machine learning technique where models are trained across multiple datasets without exchanging the data itself, preserving privacy.
• Open Benchmarking: Providing a public platform where AI models can be validated and compared for their performance.

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17. Which bridge in Mumbai was recently inaugurated by Shri Piyush Goyal?
A) Bandra-Worli Sea Link
B) Akurli Bridge
C) Vashi Bridge
D) Sion Flyover
E) Andheri Flyover
Answer: B) Akurli Bridge

Event and Location:

• Event: Inauguration of the Akurli Bridge on the Western Express Highway in Mumbai.
• Location: North Mumbai, Maharashtra
• Date: September 2024

Mandates and Objectives:

• The Akurli Bridge was inaugurated by Shri Piyush Goyal, Union Minister for Commerce and Industry, who emphasized the importance of completing infrastructure projects in a time-bound manner.
• The bridge, which had been delayed for years, was completed under the supervision of Shri Goyal, ensuring timely delivery and high-quality construction.
• This project is part of broader efforts to reduce traffic congestion and improve connectivity in Mumbai, with a focus on flyovers, underpasses, and road expansions.

Important Terms Explained:

• Western Express Highway: One of Mumbai’s key arterial roads, connecting the city from north to south.
• Brihanmumbai Municipal Corporation (BMC): The governing civic body responsible for civic infrastructure and administration in Mumbai.
• Mumbai Metropolitan Region Development Authority (MMRDA): Responsible for planning, development, and coordination of infrastructure projects in the Mumbai metropolitan region.

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18. Who will benefit from the recent health coverage expansion under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY)?
A) All citizens below the age of 30
B) Senior citizens aged 70 years and above, irrespective of income
C) Only senior citizens with an income below the poverty line
D) Families covered under private health insurance
E) All government employees
Answer: B) Senior citizens aged 70 years and above, irrespective of income

Event and Location:

• Event: Union Cabinet approves health coverage for senior citizens aged 70 years and above under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY).
• Location: India
• Date: September 11, 2024

Mandates and Objectives:

• The Cabinet has approved free health coverage of Rs. 5 lakh per year for all senior citizens aged 70 years and above, irrespective of income, under the AB PM-JAY scheme.
• Approximately 4.5 crore families (including 6 crore senior citizens) will benefit from this new policy, providing critical health insurance for secondary and tertiary care hospitalization.
• Senior citizens already covered under AB PM-JAY will get an additional top-up of Rs. 5 lakh, which they will not have to share with younger family members.

Important Terms Explained:

• Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY): The world’s largest publicly funded health insurance scheme, providing Rs. 5 lakh annual health cover per family.
• Top-up Cover: An additional insurance amount provided exclusively for senior citizens aged 70 and above, separate from the general family cover.
• Central Government Health Scheme (CGHS) and Ex-Servicemen Contributory Health Scheme (ECHS): Government health insurance schemes for government employees and ex-servicemen, respectively.

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19. What is the total outlay approved by the Union Cabinet for the modified scheme of budgetary support for Hydro Electric Projects (HEP)?
A) Rs. 10,500 crore
B) Rs. 12,461 crore
C) Rs. 8,750 crore
D) Rs. 13,000 crore
E) Rs. 15,200 crore
Answer: B) Rs. 12,461 crore

Event and Location:

• Event: Union Cabinet’s approval for modification of the budgetary support scheme for the cost of enabling infrastructure for Hydro Electric Projects (HEP).
• Location: India
• Date: September 2024

Mandates and Objectives:

• The revised scheme has a total outlay of Rs. 12,461 crore and will be implemented from FY 2024-25 to FY 2031-32.
• It aims to promote faster development of Hydro Electric Projects (HEP) and improve infrastructure, particularly in remote and hilly areas.
• The scope of budgetary support now includes not just roads and bridges but also:
  • Transmission lines from power houses to pooling points.
  • Ropeways, railway sidings, and communication infrastructure.
  • Strengthening of existing roads/bridges.

Important Terms Explained:

• Hydro Electric Projects (HEP): Projects that generate electricity through the use of hydropower.
• Pumped Storage Projects (PSPs): Hydroelectric energy storage systems, providing energy during peak demand by releasing stored water to generate electricity.

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20. What is the total outlay approved for the PM E-DRIVE scheme over two years?
A) Rs. 12,000 crore
B) Rs. 8,500 crore
C) Rs. 10,900 crore
D) Rs. 15,000 crore
E) Rs. 9,500 crore
Answer: C) Rs. 10,900 crore

Event and Location:

• Event: Union Cabinet’s approval for the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme.
• Location: India
• Date: September 2024

Mandates and Objectives:

• The scheme has an outlay of Rs. 10,900 crore over two years and aims to promote electric vehicle (EV) adoption in India by providing subsidies and building necessary infrastructure.
• Key components:
  • Subsidies worth Rs. 3,679 crore for e-2Ws, e-3Ws, e-ambulances, and e-trucks.
  • Rs. 500 crore allocated for e-ambulances and Rs. 500 crore for incentivising e-trucks.
  • Introduction of e-vouchers to streamline the EV buying process.
  • Rs. 4,391 crore for the procurement of 14,028 e-buses in major cities.
  • Installation of 22,100 fast chargers for e-4Ws, 1,800 for e-buses, and 48,400 for e-2Ws/3Ws.
  • Rs. 2,000 crore allocated for establishing public charging stations.
  • Rs. 780 crore dedicated to enhancing vehicle testing infrastructure.

Important Terms Explained:

• E-vouchers: Digital vouchers used to avail demand incentives for EV purchases.
• PMP (Phased Manufacturing Program): A strategy aimed at promoting domestic manufacturing and strengthening the EV supply chain in India.
• CESL (Convergence Energy Services Limited): The agency responsible for demand aggregation of e-buses.

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21. What is the total outlay approved by the Union Cabinet for the PM-eBus Sewa-Payment Security Mechanism (PSM) scheme?
A) Rs. 2,500 crore
B) Rs. 3,435 crore
C) Rs. 4,000 crore
D) Rs. 5,000 crore
E) Rs. 3,750 crore
Answer: B) Rs. 3,435 crore

Event and Location:

• Event: Union Cabinet approves the PM-eBus Sewa-Payment Security Mechanism (PSM) scheme for the procurement and operation of e-buses.
• Location: India
• Date: September 11, 2024

Mandates and Objectives:

• The scheme has an outlay of Rs. 3,435 crore and aims to deploy over 38,000 e-buses across India between FY 2024-25 and FY 2028-29.
• The scheme supports Public Transport Authorities (PTAs) by addressing concerns about high upfront costs and payment defaults.
• CESL (Convergence Energy Services Limited) will manage the payments to OEMs/operators if PTAs default on payments, ensuring confidence for private operators under the Gross Cost Contract (GCC) model.
• The initiative will reduce greenhouse gas emissions, fossil fuel consumption, and promote environmentally friendly transportation solutions.

Important Terms Explained:

• Gross Cost Contract (GCC): A public-private partnership model where OEMs/operators procure and operate the e-buses for PTAs in exchange for monthly payments, without requiring PTAs to bear the upfront costs.
• CESL: The agency responsible for managing payments and ensuring the smooth operation of the scheme.
• OEM (Original Equipment Manufacturer): The companies that manufacture and operate the e-buses.

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22. What is the total outlay approved by the Union Cabinet for the Pradhan Mantri Gram Sadak Yojana – IV (PMGSY-IV)?
A) Rs. 50,000 crore
B) Rs. 60,125 crore
C) Rs. 70,125 crore
D) Rs. 80,000 crore
E) Rs. 90,000 crore
Answer: C) Rs. 70,125 crore

Event and Location:

• Event: Union Cabinet approved the Pradhan Mantri Gram Sadak Yojana – IV (PMGSY-IV) for implementation between FY 2024-25 to 2028-29.
• Location: India
• Date: September 2024

Mandates and Objectives:

• The scheme has an outlay of Rs. 70,125 crore (Central Share: Rs. 49,087.50 crore, State Share: Rs. 21,037.50 crore).
• It aims to provide new connectivity to 25,000 unconnected habitations by constructing 62,500 km of all-weather roads.
• The scheme will also support the construction and upgradation of bridges along the road alignments.

Important Terms Explained:

• PMGSY (Pradhan Mantri Gram Sadak Yojana): A rural road development initiative aimed at providing all-weather road connectivity to unconnected habitations in rural areas.
• LWE (Left-Wing Extremism) Affected Districts: Areas affected by insurgency where special efforts are made for development.

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23. What is the total outlay approved by the Union Cabinet for Mission Mausam?
A) Rs. 1,500 crore
B) Rs. 3,000 crore
C) Rs. 2,000 crore
D) Rs. 2,500 crore
E) Rs. 1,000 crore
Answer: C) Rs. 2,000 crore

Event and Location:

• Event: Approval of Mission Mausam by the Union Cabinet, chaired by Prime Minister Shri Narendra Modi.
• Location: India
• Date: September 11, 2024

Mandates and Objectives:

• Mission Mausam is a multi-faceted initiative designed to make India more weather-ready and climate-smart, with an outlay of Rs. 2,000 crore over two years.
• The mission aims to enhance India’s capacity in weather surveillance, forecasting, and extreme weather management through the use of advanced technologies such as AI, ML, next-gen radars, satellite systems, and high-performance supercomputers.
• It will improve monsoon forecasting, air quality alerts, and early warnings for extreme weather events, directly benefiting sectors like agriculture, disaster management, aviation, defence, and more.

Important Terms Explained:

• GIS-based Decision Support System: A geographic information system for real-time data dissemination and decision-making.
• India Meteorological Department (IMD): One of the main institutions implementing Mission Mausam, responsible for weather forecasting and climate services in India.

Static GK Information:

Tabular Summary:

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Over All Review

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