Daily Current Affairs 14th Dec, 2024

Daily Current Affairs 14th Dec, 2024: Your guide for daily General Knowledge Preparation

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This post contains important current affairs of 14th Dec, 2024. It includes all Major National, International, Business and Sports related current affairs of 14th Dec, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 14th Dec, 2024 Current affairs test.

International News

Romania’s Far-Right Presidential Win Alarms EU and NATO

• Călin Georgescu’s unexpected win in Romania’s presidential race has raised concerns in Brussels over potential repercussions for the EU and NATO.
• Known for his far-right, pro-Russian stance, Georgescu’s victory indicates a tilt toward ultranationalism.
• This shift has heightened fears of increased Russian influence in Eastern Europe, particularly in light of similar developments in Moldova and Georgia. Romania’s potential policy changes could disrupt EU unity and NATO cohesion.

Walton Family Tops World’s Richest Families List for 2024

• The Bloomberg rankings of the world’s wealthiest families in 2024 spotlight the Walton family, owners of Walmart, as the leaders, surpassing the wealth of the richest individual, Elon Musk.
• Indian families, including the Ambanis and Mistrys, also featured in the top 25, showcasing the growing global economic influence of Indian billionaires.

François Bayrou Appointed French Prime Minister Amid Crisis

• Amid ongoing political instability, French President Emmanuel Macron has appointed François Bayrou as the new Prime Minister, his third in 2024.
• Bayrou, a centrist and close ally of Macron, faces immediate challenges, including passing the contentious 2025 budget bill in a divided parliament.
• This move follows a no-confidence vote that ousted Michel Barnier’s government, plunging France into political uncertainty.

Switzerland Ends ‘Most Favoured Nation’ Tax Status for India

• Switzerland has decided to revoke the application of the ‘Most Favoured Nation’ (MFN) clause in its tax treaty with India.
• This change follows an Indian Supreme Court ruling in 2023 that reinterpreted the MFN clause, overturning a previous decision favoring Nestlé.
• As a result, Switzerland will increase the withholding tax on dividends paid to Indian companies from 5% to 10%, effective January 1, 2025.

National News

Supreme Court Collegium Recommends Permanent Judges for Three High Courts

• The Supreme Court Collegium, headed by Chief Justice of India Sanjiv Khanna, proposed the elevation of seven Additional Judges to Permanent Judges in the High Courts of Delhi, Karnataka, and Punjab & Haryana.
• This decision, announced on December 12, 2024, followed a meeting with Justices B.R. Gavai, Surya Kant, Hrishikesh Roy, and Abhay S. Oka.
• The move aligns with the judiciary’s ongoing efforts to address vacancies and strengthen the High Courts.

PM Modi Inaugurates Maha Kumbh Infrastructure Projects in Prayagraj

• Prime Minister Narendra Modi inaugurated various developmental projects in Prayagraj to enhance infrastructure and amenities for the 2025 Maha Kumbh.
• Emphasizing the event’s cultural and economic significance, Modi described the Maha Kumbh as a unifying force that transcends societal divisions, promoting national integration and economic empowerment.

India Maritime Heritage Conclave 2024

• The inaugural India Maritime Heritage Conclave (IMHC 2024), hosted by the Ministry of Ports, Shipping, and Waterways on December 11-12, celebrated India’s extensive maritime history and its aspirations for global maritime leadership.
• This landmark event brought together ministers, maritime professionals, and international delegates to discuss India’s role in global trade and cultural exchange.
• The conclave highlighted the country’s maritime potential, focusing on sustainable practices, employment opportunities, and innovation within the sector.

Nyaya Sanhita: Mechanisms for Speedy Justice Delivery

• The Nyaya Sanhita represents a groundbreaking legal reform designed to expedite judicial processes in India, ensuring timely and equitable resolution of cases.
• The legislation emphasizes the importance of completing key stages in investigations and trials within specified time limits.
• It pays particular attention to addressing delays in cases involving women, children, and marginalized groups.
• By prioritizing efficient judicial mechanisms, the Nyaya Sanhita seeks to restore public trust in the legal system, minimize case backlogs, and ensure justice is delivered promptly.

Banking News

BOBCARD Launches Women-Centric TIARA Credit Card

• BOBCARD introduced the TIARA Credit Card, a premium product tailored for women, offering rewards in categories like travel, lifestyle, dining, and health.
• Launched at the Pinkathon event, the card is powered by the RuPay network and aims to empower women financially.

Manish Jain Appointed Executive Director of YES Bank

• YES Bank announced the Reserve Bank of India’s approval of Manish Jain as its new Executive Director for a three-year term starting December 11, 2024.
• Jain, who joined the bank in September 2023, brings extensive expertise in corporate and wholesale banking.

Schemes News

FAME-III: Boost to Electric Mobility in India

• India’s transition to electric vehicles (EVs) received a boost with the announcement of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme.
• With an outlay of ₹10,900 crore from April 2024 to March 2026, the initiative aims to accelerate EV adoption and reduce dependence on fossil fuels.
• The upcoming third phase of the FAME scheme (FAME-III) underscores India’s vision of becoming a global leader in sustainable mobility.

Business News

Max Life Rebrands as Axis Max Life Insurance

• Max Life Insurance has rebranded to Axis Max Life Insurance following Axis Bank’s increased stake in the company.
• The rebranding reflects a strengthened partnership and aligns with the company’s future growth strategy.

Ranks & Reports News

Mumbai Among Top Food Cities in Taste Atlas Rankings

• Taste Atlas, a prominent food and travel guide, released its list of the Top 10 Food Cities for 2024-25.
• European cities, especially from Italy, dominated the rankings, while Mumbai secured a spot in the top 5, reflecting India’s vibrant and diverse culinary heritage.

Sports News

Pakistani All-Rounder Imad Wasim Retires from International Cricket

• Imad Wasim, Pakistan’s renowned all-rounder, announced his retirement from international cricket, concluding a distinguished nine-year career.
• Known for his role in Pakistan’s 2017 Champions Trophy victory, Imad plans to continue playing in domestic and franchise leagues.

Important Days 

National Energy Conservation Day: Driving Sustainable Practices

• India observes National Energy Conservation Day annually on December 14 to emphasize energy efficiency as a cornerstone of sustainable development.
• This day serves as a reminder to individuals, industries, and institutions to adopt sustainable energy practices for a greener and more sustainable future.