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DAILY DOSE 4TH JAN-2024 CURRENT AFFAIRS
History: 4th January
- On this day in 1948, the Southeast Asian nation of Burma (Myanmar) formally gained independence, completing the transfer of power negotiated by Burmese leader Aung San and British Prime Minister Clement Attlee in 1947
- World Braille Day is an international day on 4 January and celebrates awareness of the importance of braille as a means of communication in the full realization of the human rights for blind and visually impaired people
1) VP Jagdeep Dhankhar to inaugurate Startup Expo in Kathua
- Vice President Jagdeep Dhankhar will inaugurate the Startup Expo in Kathua.
- Twenty-five startups from Northern States will showcase their products at the expo.
- Six women Entrepreneurs will also participate in the startup expo.
- The theme of the expo is Emerging Startup Trends in North India.
- Union Science and Technology Minister Dr Jitendra Singh, a lot of development took place in the field of startups in the last nine years.
- The number of Startups in the country has grown to over one lakh from about 350 in 2014.
2) FinMin allows 30th tranche of electoral bonds
- The Centre has approved the issuance of the 30th tranche of electoral bonds that will open for sale.
- The window for purchase and encashment of electoral bonds will be available till January 11.
- Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency to political funding.
- The sale of the first batch of electoral bonds happened in March 2018.
- The latest window — the 30th tranche —comes ahead of the general elections due later this year.
- State Bank of India (SBI), in the XXX Phase of sale, has been authorised to issue and encash electoral Bonds through its 29 authorised branches w.e.f. January 2 to January 11, 2024.
Key Highlights
- Electoral bonds can be purchased by Indian citizens or entities incorporated or established in the country.
- Only the Political Parties registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and which secured not less than one percent of the votes polled in the last General Election to the House of the People or the Legislative Assembly of the State, shall be eligible to receive the Electoral Bonds.
- Electoral bonds are encashed by an eligible political party only through a bank account with the authorised bank.
- SBI is the only authorised bank to issue electoral bonds.
- The Finance Ministry further said electoral bonds will be valid for 15 calendar days from the date of issue and no payment will be made to any payee political party if the bond is deposited after the expiry of the validity period.
3) Defence Minister Rajnath Singh inaugurates all-girls Sainik school in Mathura
- Defence Minister Rajnath Singh inaugurated India’s first all-girl Sainik School at Vrindavan in the Mathura district of Uttar Pradesh.
- Samvid Gurukulam Girls Sainik School has been opened under the initiative of opening 100 new Sainik Schools in partnership mode with NGOs/private/state government schools in all states/union territories.
- Training at the CBSE-affiliated school will be given by ex-servicemen.
- The main objective behind opening 100 new Sainik Schools is to provide quality education to the students in tune with the National Education Policy (NEP).
- The inspiration for setting up the Sainik Schools came from the Royal Indian Military College (RIMC) and Royal Indian Military Schools.
- The objective of the Sainik Schools is to prepare the students to lead as officers in the Defence Services of the country.
4) Russia and NASA Extend Joint ISS Flights Until 2025
- Russian and United States (US) space agencies have agreed to keep working together to deliver crews to the International Space Station (ISS) until at least 2025.
- Aim : “To guarantee the presence of at least one representative of Roscosmos on the Russian segment and the presence of at least one representative of NASA on the American segment.”
Key Highlights :
- The station was designed between 1984 and 1993.
- The International Space Station Program brings together international flight crews, multiple launch vehicles, globally distributed launch and flight operations, training, engineering, and development facilities, communications networks, and the international scientific research community.
- ISS partners the United States, Russia, Europe, Canada and Japan – are for the moment only committed to operate the orbiting laboratory until 2024, though US officials have stated they want to continue until 2030.
About Russia :
- President : Vladimir Putin
- Prime Minister : Mikhail Mishustin
- Capital : Moscow
- Currency : Ruble
About NASA :
- Established : July 29, 1958
- Headquarters : Washington, D.C, United States of America
- Administrator : Bill Nelson
5) Former Niti Aayog Vice-Chairman Arvind Panagariya was appointed as head of the 16th Finance Commission
- Arvind Panagariya, the former Vice Chairman of National Institution for Transforming India (NITI Aayog) , has been named as the head of the 16th Finance Commission.
- Meanwhile, Ritvik Ranjanam Pandey will hold the post of secretary to the commission.
- The chairman and other members of the 16th Finance Commission shall hold office from the date on which they respectively assume office up to the date of submission of report or October 31, 2025, whichever is earlier.
- The panel’s predecessor, the 15th Finance Commission, which was set up on November 27, 2017, was chaired by the member of the erstwhile Planning Commission, NK Singh.
About Finance Commission :
- The Finance Commission is a constitutional body in India that plays a crucial role in fiscal federalism.
- The Finance Commission is constituted under Article 280 of the Indian Constitution.
- It is formed every five years or at such intervals as deemed necessary by the President.
- The Finance Commission comprises a Chairman and four other members.
6) Kerala Introduces K-Smart Tech Solution for Streamlining Local Self-Government Services
- Aimed at making available all services of local self-government institutions over a uniform digital platform, Kerala has introduced K-Smart (Kerala Solutions for Managing Administrative Reformation and Transformation), the first of its kind project in the country.
- It is for the first time that a system that makes available the entire gamut of services of a department in a single click is being introduced in the country.
- Initially, K-Smart will be operational in corporations and municipalities and later will be rolled out in grama panchayats as well.
- It is embedded with an Integrated Messaging System that facilitates delivery of the acknowledgment receipt of complaints and applications in the portal that can be accessed through login of the applicant or complainant as also via Whatsapp and email.
About Kerala:
- Capital: Thiruvananthapuram
- Chief Minister: Pinarayi Vijayan
- Governor: Arif Mohammad Khan
- National Parks: Periyar National Park, Mathikettan National Park, Eravikulam National Park, Silent Valley National Park, Indira Gandhi National Park
7) RBI Directs Banks to Conduct Annual Review of Accounts Inoperative for Over a Year
- The Reserve Bank of India (RBI) has asked banks to annually review accounts that have not seen customer-induced transactions for over a year, and term deposit accounts where there is no explicit renewal mandate and the funds have not been withdrawn after maturity.
Key Highlights :
- Penalty Waiver for Inoperative Accounts : It also barred banks from levying penal charges for non-maintenance of minimum balance in any account classified as inoperative or for activation of inoperative accounts.
- Communication Requirements : Under the new framework, banks will be required to inform account and deposit holders through letters, email or on their registered number that there has been no activity in the last one year, and caution them that the account will become ‘inoperative’ if no operations are carried out during the ‘extended period’ of the next one year.
- Regulatory Authority : These instructions are issued in exercise of the powers conferred by Sections 35A of the Banking Regulation Act, 1949.
About RBI :
- Established : 1 April 1935
- Headquarters : Mumbai, Maharashtra, India
- Governor : Shaktikanta Das
- Deputy Governors : Swaminathan Janakiraman, Michael Patra, M. Rajeshwar Rao, T Rabi Sankar
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