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CURRENT AFFAIRS DETAILS

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1 AYUSH market grows from $2.85 bn in 2014 to $ 43.4 bn in 2023

The Ayush market has seen exponential growth, increasing from $2.85 billion in 2014 to $ 43.4 billion in 2023, according to Shripad Yesso Naik, Minister of State for New and Renewable Energy.

Addressing a press conference here on Monday, Naik also highlighted that exports from the sector have doubled, rising from $ 1.09 billion to $ 2.16 billion.

The Ministry of Ayush (Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homoeopathy) has undergone a transformative journey over the past decade, positioning India as a global leader in traditional medicine, Naik said.

Since its establishment in 2014 under the leadership of Prime Minister Narendra Modi, the ministry has spearheaded significant advancements in public health, education, research, and economic development, aligning with the United Nations Sustainable Development Goals (SDGs) and Universal Health Coverage (UHC), he added.

03-Dec-2024 News in Details
2 US Announces New $725 Million Aid Package For Ukraine

The United States on Monday announced a new $725 million military aid package for Ukraine that features a second tranche of landmines as well as anti-air and anti-armor weapons.

US President Joe Biden's administration is working against the clock to provide billions of dollars in aid to Kyiv before President-elect Donald Trump takes office, after which future assistance for Ukraine will be in doubt.

Less than two months before Trump is set to be sworn in, Secretary of State Antony Blinken said in a statement that the package was part of efforts "to ensure Ukraine has the capabilities it needs to defend itself against Russian aggression."

It includes anti-personnel landmines, ammunition for HIMARS precision rocket launchers, Stinger missiles, counter-drone systems, anti-armor weapons and artillery ammunition, Blinken said in a statement.

03-Dec-2024 News in Details
3 Justice Murdu Fernando appointed Sri Lanka’s New Chief Justice

Justice Murdu Nirupa Bindushini Fernando was sworn in as the new Chief Justice of Sri Lanka before President Anura Kumara Dissanayake at the Presidential Secretariat today.

She becomes the 48th Chief Justice of Sri Lanka and the second woman to hold this position. Justice Fernando succeeds Chief Justice Jayantha Jayasuriya, who recently retired.

Justice Fernando, who joined the Attorney General’s Department in 1985, has held several key positions, including Solicitor General in 1997 and Additional Solicitor General in 2014. She was appointed to the Supreme Court in March 2018 and brings over 30 years of experience as a legal professional.

A past pupil of Visakha Vidyalaya, Colombo, she earned her law degree from the Faculty of Law, University of Colombo.

03-Dec-2024 News in Details
4 Jay Shah begins tenure as new ICC Chairman

Jay Shah’s tenure as Chairman of the International Cricket Council (ICC) officially kicked off on Sunday, as the Indian administrator took charge of the world cricket body.

“I am honoured to be starting in the role of ICC Chair and want to thank the ICC Directors and Member Boards for their support and trust in me to undertake this important role,” Shah said in an ICC release.

“This is an exciting time for the sport as we build up to the LA28 Olympic Games and strive to make cricket more inclusive and popular than ever before. We also stand at a critical juncture in terms of the coexistence of multiple formats and accelerating the growth of the women’s game. There is huge potential for the game of cricket globally, with so much opportunity to engage with existing and new fans, while ensuring the best resources and platforms for our cricketers around the world,” he added.

02-Dec-2024 News in Details
5 GM Arjun Erigaisi Becomes Second Indian To Join Elite 2800 ELO Club, Ranks Fourth Globally

Grandmaster Arjun Erigaisi on Sunday became the second Indian after legendary Viswanathan Anand and 16th worldwide to reach the gold-standard ELO rating of 2800, while also occupying the fourth spot in the latest rankings. (More Sports News)

The 21-year-old has been in sensational form this year, having won an individual gold as well as team title in India's recent historic performance in the Chess Olympiad.

"Arjun Erigaisi has become the 16th player in history to break the 2800 Elo barrier in classical chess ratings!" the world governing body of the sport FIDE said on 'X'.

02-Dec-2024 News in Details
6 UPI sets new record in Oct with 16.58 bn transactions worth Rs 23.5 trn

There were 16.58 billion Unified Payments Interface (UPI) transactions worth Rs 23.5 trillion in October, the highest numbers for the digital system since it became operational in April 2016.

UPI’s previous peak was 15.04 billion in volume terms in September 2024 and Rs 20.64 trillion in value in July. Data from previous months shows that the growth in transactions is driven by person to merchant transactions (for buying goods or services), which got a festival season push in October. It was the first time that UPI crossed 16 billion in volume and Rs 23 trillion in value.

October witnessed a 10 per cent increase in volume and 14 per cent in value compared to September. There were 14.96 billion UPI transactions amounting to Rs 20.61 trillion in August, according to data shared by the National Payments Corporation of India (NPCI).

02-Dec-2024 News in Details
7 Growth in gross GST collection slows to 8.5% to Rs 1.82 L cr in November

The gross GST collection in November grew at 8.5% year-on-year to R1.82 lakh crore largely on the back of healthy accrual from domestic transactions. However, it is lower than the October collection of R1.87 lakh crore, which was the second highest monthly collection recorded in GST. The domestic GST revenue grew by 9.4% during the month, while import GST revenue growth of 5.4%.

This is the third month in a row that gross GST collections have shown single digit growth, showing that a fatigue has set in as far as GST collections have been concerned. Even the festive months of October (when gross collections showed a growth of 8.9%) and November have failed to give a boost to the collections.

02-Dec-2024 News in Details
8 Trump nominates Indian American Kash Patel as FBI Director

President-elect Donald Trump on Saturday (November 30, 2024) nominated close confidante Kash Patel for the powerful position of Director of the Federal Bureau of Investigation, making him the highest-ranking Indian American in his incoming administration.

“I am proud to announce that Kashyap 'Kash' Patel will serve as the next Director of the Federal Bureau of Investigation. Kash is a brilliant lawyer, investigator, and 'America First' fighter who has spent his career exposing corruption, defending Justice, and protecting the American People,” Mr. Trump announced on Truth Social, a social media platform he owns.

Mr. Trump said Mr. Patel played a pivotal role in uncovering "the Russia, Russia, Russia Hoax," standing as an advocate for truth, accountability, and the Constitution. Mr. Patel, 44, served as chief of staff to the Acting United States Secretary of Defense in the last few weeks of the Trump Administration in 2017.

02-Dec-2024 News in Details
9 President Murmu to confer National Awards for Empowerment of Persons with Disabilities

President Droupadi Murmu will confer the National Awards for Empowerment of Persons with Disabilities on the International Day of Persons with Disabilities tomorrow. 22 persons and 11 Institutions will be conferred the National Awards. Social Justice and Empowerment Minister Dr Virendra Kumar will also unveil several welfare initiatives for the empowerment of Persons with Disabilities.

Amar Jain will receive the National Award for Individual Excellence in the category of Sarvshreshth Divyangjan-2024. He is a legal professional with 100 per cent visual impairment. Amar Jain shared his inspirational life story and spoke about the obstacles he has had to face during his journey.

Prateek Khandelwal, who has a 75 per cent locomotor disability, will receive the National Award for Individual Excellence in the category of Sarvshreshth Divyangjan-2024. He is the founder of ‘Ramp My City’. He shared how his start-up is helping transform urban environments in India to become more accessible for Persons with Disabilities.

02-Dec-2024 News in Details
10 UNCCD COP16 Opens Today With India Set To Showcase Landmark Green Project

The United Nations Convention to Combat Desertification’s sixteenth Conference of Parties (COP16) is beginning today in Riyadh, Saudi Arabia, marking the first time West Asia hosts this crucial environmental conference. India will join representatives from 197 nations at this milestone event, which coincides with UNCCD’s 30th anniversary.

India’s delegation, led by Environment Minister Bhupender Yadav and Haryana Chief Minister Nayab Singh Saini, will participate in a significant side event at the IUCN Pavilion on the opening day. The delegation will present the Aravalli Green Wall Project (AGWP), a comprehensive initiative targeting the restoration of 1.15 million hectares of degraded landscape across four states in northwestern India.

The project presentation, scheduled for December 2nd, will demonstrate India’s innovative approach to combating desertification, land degradation, and drought through the integration of indigenous species afforestation, biodiversity conservation, and advanced water management strategies. The initiative employs modern GIS tools and Nature-Based Solutions while emphasizing community engagement and cultural preservation.

02-Dec-2024 News in Details