Current Affairs Quiz - January, 2025

Notes:
The Central Board of Direct Taxes (CBDT) extended the deadline for the Vivad Se Vishwas scheme to January 31, 2025, from December 31, 2024. The scheme was announced in Union Budget 2023-24. The Vivad Se Vishwas scheme is modeled on the 2019 Sabka Vishwas Scheme for indirect taxes. It facilitates the settlement of disputed tax, interest, and penalties. The scheme also grants immunity from prosecution under the Income-tax Act for matters included in the declaration.

Notes:
Tamil Nadu CM MK Stalin inaugurated India’s first-ever glass bridge at Kanyakumari. The bridge connects the Vivekananda Rock Memorial and Thiruvalluvar statue. It is part of a Rs 37-crore initiative by the Tamil Nadu government. The bridge enhances the region’s tourism infrastructure.

Notes:
The World Bank launched the Business Ready (B-READY) report, replacing the paused Ease of Doing Business report. The Ease of Doing Business report was suspended in 2020 due to data manipulation and ranking integrity concerns. B-READY serves as a benchmarking tool to evaluate the global business climate and promote inclusive private sector growth. It focuses on ten core topics: Business Entry, Location, Utility Services, Labor, Financial Services, International Trade, Taxation, Dispute Resolution, Market Competition, and Insolvency.

Notes:
Chhattisgarh became the first state in India to link its forest ecosystem with Green GDP. Chhattisgarh has introduced a plan linking forest ecosystem services to Green GDP, highlighting environmental contributions like clean air, water conservation, and biodiversity. The initiative aims to balance economic development with environmental preservation for future generations. Forest services, including climate regulation, soil enrichment, water purification, and carbon absorption, will be integrated into economic planning. With 44% forest cover, Chhattisgarh’s forests support livelihoods, provide forest products, and mitigate climate change. The plan aligns with the ‘Developed India 2047’ vision, emphasizing ecological and economic sustainability. Forest valuation will include CO2 absorption, water provision, biodiversity, and eco-tourism contributions.

Notes:
The government has initiated a review of the Wholesale Price Index (WPI) to update its base year from 2011-12 to 2022-23. This change aims to reflect structural economic changes and enhance the accuracy of inflation measurement and GDP calculations. The 18-member committee, led by NITI Aayog member Ramesh Chand, will also explore transitioning to a Producer Price Index (PPI) to include services, which constitute over half of India’s economic output, thus aligning with international practices.

Notes:
A delegation from Andhra Pradesh, including Ministers and officials, will visit Karnataka to study the Shakti scheme, which offers free bus travel for women on non-premium State-run buses. Andhra Pradesh is considering launching a similar scheme. The 15-member delegation will engage with KSRTC officials to understand the operational aspects, benefits, and challenges of the scheme. Shakti Yojana, implemented by Karnataka’s Congress government, has been running successfully for more than a year. The Shakti scheme has significantly increased ridership, adding 23.17 lakh passengers daily.

Notes:
The first photographic proof of Pallas’s cat in Himachal Pradesh was captured during a snow leopard survey. This highlights the urgent need for conserving lesser-known species in the Indian Himalayas. Pallas’s cat (Otocolobus manul) is a small, long-haired cat in the Felidae family. It was named after Peter Simon Pallas, who first described it in 1776. It is mainly found in Central Asia, including parts of Iran, Mongolia, China, Russia, Kazakhstan, and Kyrgyzstan. Pallas’s cats inhabit mountainous plains and semi-desert foothills. The IUCN lists them as “Least Concern” and they are on CITES Appendix II.

Notes:
Confederation of Indian Industry (CII) released a report titled “Comparative Study of School Education System” (SES). The report analyzes India’s school education system in comparison with countries like the USA, UK, China, Sweden, and Australia. It focuses on various aspects, including education structures, teaching methods, funding, assessments, and equity measures. India spends only 2.7-2.9% of GDP on education, stagnating over six years, while global benchmarks suggest 5-7%. Developed countries like Sweden allocate 6.7-6.9% and the UK 5.3-5.6%, while developing nations like Indonesia and Thailand allocate 3.7-4.3% and 4.0-4.3%, respectively. Australia increased education spending by 8%, and China by 2.4%, highlighting India’s underinvestment. The study calls for raising India’s education spending to 6% of GDP and implementing NEP 2020 reforms, focusing on vocational and digital education.

Notes:
Mira Bhayandar Municipal Corporation (MBMC) launched the ‘Faral Sakhi’ initiative to empower women entrepreneurs in Mira Bhayandar, Maharashtra. It focuses on training women in traditional snack production to build sustainable ventures. MBMC collaborates with NITI Aayog’s Women Entrepreneurship Platform (WEP) under the ‘Award to Reward’ program. ‘Faral Sakhi’ set up a central kitchen, enabling SHG women to produce and sell snacks professionally, with municipal support for sales and advertising. The initiative aims to create sustainable employment and inspire societal transformation.

Notes:
Tripura recorded the Banded Royal butterfly (Rachana jalindra indra) for the first time in Sepahijala Wildlife Sanctuary. It is a lycaenid butterfly found in South and Southeast Asia, including forests in Northeast India. Three subspecies exist in India: macantia (Southwest India to Goa), tarpina (Andamans), and indra (Orissa to West Bengal, Assam, Meghalaya, Jharkhand). Males have deep purple sheen; females are brownish with white markings. The underwings are pale brown with white bands, giving a “banded” look.