Current Affairs Quiz - January, 2024

Notes:
Unveiled on Navy Day 2023, the Indian Navy’s new shoulder rank insignias (epaulettes) for senior leadership draw design elements from the Naval Ensign and legendary Maratha ruler Chhatrapati Shivaji Maharaj. Features like the golden button and octagon shape reflect indigenization efforts and long-term strategic vision respectively. The insignia artfully integrates symbols of the sword, telescope, and ‘Rajmudra’ seal used by Shivaji in special decrees, blending India’s rich maritime heritage with its glorious history. The creative vision signifies the Navy’s cultural shift towards ‘swadeshi’ under the current government.

Notes:
On January 1, 1948, the town of Kharsawan in present-day Jharkhand witnessed a massacre of Adivasis by the police. This happened during a protest against the merger of the princely state of Kharsawan into Odisha state. The protesters and locals had gathered there in thousands to hear a speech by Jai Prakash Singh Munda. However, he could not make it to the venue and the restive crowd was fired upon by the police, killing hundreds. The massacre is seen as reminiscent of the Jallianwala Bagh tragedy. The exact death toll remains disputed, with estimates ranging from 35 officially to a few thousand unofficially.

Notes:
As per RBI’s revised dividend distribution policy, banks with net NPA less than 6% and meeting capital adequacy norms can declare up to 50% dividend from profits, up from 40% earlier. Banks with zero net NPA can pay up to 50% dividend while those with over 4% NPA can only pay up to 15% dividend. The higher payout will benefit govt which holds majority stake in PSBs.

Notes:
A new species of see-through green frog named Gracixalus patkaiensis has been discovered in the biodiverse Namdapha National Park in Arunachal Pradesh. The tiny 2.2 cm frog inhabits dense undergrowth in evergreen forests at the foothills of the Patkai range, and has a distinct insect-like call. It has been named after the Patkai hills of the Eastern Himalayas.

Notes:
Adani appointed Hafeez Contractor Architects as the city planning firm for charting out the draft development plan for Dharavi project along with US firms Sasaki and Buro Happold. Contractor is known for slum rehabilitation and social housing projects aimed at improving lives.

Notes:
The European Union designated Russia’s state-run diamond producer Alrosa under sanctions by adding the world’s largest diamond mining firm and its CEO to a blacklist banning trade and freezing EU-based assets. This tightened restrictions over Moscow’s invasion of Ukraine.

Notes:
‘Bharat Park,’ a project announced by India’s Commerce and Textiles Minister Piyush Goyal, is intended to facilitate the trade of Indian goods in the United Arab Emirates (UAE). This initiative, involving the establishment of a goods showroom and warehouses in the UAE, aims to create a dedicated platform for showcasing and selling Indian products to other countries. Announced during an event organized by the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC), the creation of Bharat Park is a strategic move to enhance the visibility and accessibility of Indian goods in international markets.

Notes:
In 2024, the Government of India is actively running Performance Linked Incentive (PLI) schemes across 14 different sectors. These schemes, part of India’s larger strategy for self-reliance and industrial growth, aim to boost manufacturing and exports in key areas. The sectors covered under these PLI schemes are diverse, including Mobile Manufacturing and Specified Electronic Components, Critical Key Starting Materials, Drug Intermediaries and Active Pharmaceutical Ingredients, Speciality Steel, Automobiles, and Auto Components, among others. The focus of these schemes is not just to enhance domestic production capabilities but also to position India as a key player in the global supply chain.

Notes:
Nepal’s government imposed a ban on its citizens from traveling to Russia or Ukraine for employment due to concerns over their recruitment in the ongoing armed conflict. The Department of Employment in Nepal issued a notice following reports that Nepalese nationals were being recruited by the Russian Army to fight in the conflict, with some casualties and captures reported. There are also unconfirmed beliefs that some Nepalese citizens might be fighting as hired soldiers on the Ukrainian side. This decision by the Nepalese government highlights the serious implications of international conflicts on citizens and the measures taken to ensure their safety and well-being.

Notes:
The Ministry of Panchayati Raj won the first prize in the Innovation Sandbox presentation for “Digital Transformation Initiatives in Land Governance through SVAMITVA Scheme”. The award was given at the Bharti Institute of Public Policy’s (BIPP) second annual three-day “Public Policy Dialogues” Conclave. Scheme is a reformative step towards establishment of clear ownership of property in rural inhabited (“Abadi”) areas, by mapping of land parcels using drone technology and providing ‘Record of Rights’ to village household owners with issuance of legal ownership cards (Property cards/Title deeds) to the property owners.