Current Affairs Quiz - December, 2024

Notes:
The central government announced that corporate exits are now processed in 70-90 days under the Centre for Processing Accelerated Corporate Exit (C-PACE). It was established by Ministry of Corporate Affairs (MCA). It operates under the Registrar of Companies (RoC) and is supervised by the Director General of Corporate Affairs (DGCoA). It is located at the Indian Institute of Corporate Affairs, Gurgaon. It aims to ease doing business, reduce registry burden, and provide hassle-free, timely company closures.

Notes:
Vadhavan greenfield port near Dahanu, Maharashtra, will double India’s container trade upon completion. It is an all-weather deep draft major port located in Palghar district, Maharashtra. It is developed by Vadhavan Port Project Limited (VPPL). VPPL is a joint venture between Jawaharlal Nehru Port Authority (74% share) and Maharashtra Maritime Board (26%). The project cost is ₹76,220 crore, with completion targeted by 2034. It will feature nine container terminals, multipurpose, liquid cargo, Ro-Ro, and Coast Guard berths.

Notes:
The World Maritime Technology Conference (WMTC) held in Chennai from December 4 to 6, 2024. This marks the first return to India in 15 years, with the previous event held in Mumbai. The conference covers critical topics such as climate change, sustainability, and geopolitical dynamics impacting the maritime industry. The last edition took place in Copenhagen in April 2022, with previous hosts including Shanghai, Houston, and St. Petersburg.

Notes:
The government has abolished windfall tax on crude oil, aviation turbine fuel (ATF), petrol, and diesel exports. Windfall tax targets industries earning unusually high profits due to favorable economic conditions. India introduced a windfall tax on domestic crude oil production in July 2022 after global crude prices surged. Such taxes are used to fund public projects, reduce deficits, or redistribute wealth.

Notes:
The 20th Asian Women’s Handball Championship held from 3 to 10 December 2024, in New Delhi, India. This is the first time the Handball Association India (HAI) is hosting the event. Initially planned for Almaty, Kazakhstan, the championship was moved to New Delhi. It serves as a qualifier for the 27th IHF Women’s Handball World Championship in 2025 in Germany and the Netherlands.

Notes:
An Ajmer court has admitted a petition to survey the Ajmer Sharif Dargah, leading to calls for a similar probe into the Adhai Din Ka Jhonpra. It is located in Ajmer, Rajasthan. It is one of India’s oldest mosques and the second oldest in North India, after Delhi’s Quwwat ul Islam mosque. The Deputy Mayor claims it was initially a Sanskrit college and Jain temple before being converted into a mosque in the 12th century. Commissioned by Qutubuddin Aibak in 1199 CE, it was later enhanced by Iltutmish in 1213 CE. The structure showcases early Indo-Islamic architecture.

Notes:
Netumbo Nandi-Ndaitwah, Namibia’s vice president, has been elected as the country’s first female president, securing 57% of the votes. She defeated Panduleni Itula of IPC, who received 26%, and SWAPO continues its 34-year dominance. Nandi-Ndaitwah’s victory ensures SWAPO retains power since Namibia’s independence in 1990. She has held key roles, including foreign minister, and is seen as a unifying figure. SWAPO also won 51 out of 96 National Assembly seats. Namibia faces challenges like high unemployment and inequality, despite political stability.

Notes:
Haryana Governor Bandaru Dattatreya inaugurated the International Gita Mahotsav on 5 December 2024 in Kurukshetra, Haryana. The festival celebrates the birth of the ‘Srimad Bhagwat Gita,’ where Lord Krishna advised Arjuna during the Mahabharata war. This year, Tanzania is the foreign partner country, and Odisha is the State partner.

Notes:
India and Bhutan discussed hydropower projects, including the nearing completion of the 1020 MW Punatsangchhu-II project. Punatsangchhu-II is a 1 GW run-of-the-river hydropower project in Bhutan’s Wangdue Phodrang district. Developed under an Inter-Government Agreement between Bhutan and India, it is funded by India with 30% grant and 70% loan. The project includes a 91m-high concrete gravity dam, a diversion tunnel, and two cofferdams. It will generate 4,357 million units of electricity annually, and ownership will transfer to Bhutan two years after commissioning.

Notes:
The Archaeological Survey of India (ASI) is excavating the 80-pillar assembly hall at Kumhrar, Patna. The Kumhrar site is linked to Emperor Ashoka’s third Buddhist Council. The site highlights Pataliputra’s role as the Mauryan capital and a cultural-political hub. The hall had 80 sandstone pillars with a wooden roof and floor, showcasing Mauryan architectural skill. Materials were transported via the Sone-Ganga river route, reflecting advanced planning and resource management. The project renews global interest in Mauryan art and architecture.