Daily Current Affairs 27th Dec, 2024: Your guide for daily General Knowledge Preparation
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This post contains important current affairs of 27th Dec, 2024. It includes all Major National, International, Business and Sports related current affairs of 27th 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 27th Dec, 2024 Current affairs test.
International News
China Approves $137 Billion Mega Dam on the Brahmaputra Near Indian Border
- China has granted approval for constructing the world’s largest dam on the Yarlung Zangbo River (Brahmaputra) in Tibet, near India’s border.
- With an estimated cost of $137 billion, the project has sparked concerns in India and Bangladesh regarding its potential strategic and environmental impacts.
- Although situated in a seismically active region, Chinese authorities assert the dam’s safety, citing advanced engineering and ecological protection measures.
Bald Eagle Officially Declared US National Bird After 250 Years
- On Christmas Eve 2024, President Joe Biden signed into law a historic decision formally designating the bald eagle as the national bird of the United States.
- While the bald eagle has been an enduring national symbol since its depiction on the Great Seal of the United States in 1782, this marks its first formal recognition as the national bird.
- This legislation, spearheaded by Minnesota lawmakers, celebrates the bald eagle’s symbolism of courage, strength, and freedom, as well as its inspiring recovery from near extinction.
National News
UP CM Inaugurates Atal Yuva Maha Kumbh
- Uttar Pradesh Chief Minister Yogi Adityanath, alongside Defence Minister Rajnath Singh, inaugurated the ‘Atal Yuva Maha Kumbh’ in Lucknow.
- The event, commemorating former Prime Minister Atal Bihari Vajpayee’s birth centenary, included cultural programs, recognition of meritorious students, and discussions on Vajpayee’s contributions to governance.
- Vajpayee’s 100th birth anniversary, observed on December 25, is also celebrated as ‘Good Governance Day.’
UK Universities to Open Campuses at GIFT City, Gujarat
- Two prominent UK-based universities, Queen’s University Belfast and Coventry University, have submitted applications to establish international campuses at Gujarat International Finance Tec-City (GIFT City).
- This move signifies a continuation of a trend initiated by Australian universities and showcases India’s welcoming stance toward foreign educational institutions following the relaxation of regulatory policies.
Defence News
India’s Defence Exports Reach Record Rs. 21,083 Crore in 2023-24
- India recorded defence exports worth Rs. 21,083 crore (approximately USD 2.63 billion) during the 2023-24 fiscal year, marking a 32.5% increase over the previous year.
- Domestic defence production also achieved a record Rs. 1,26,887 crore, reflecting a 16.7% growth.
- This success underscores India’s commitment to self-reliance, with significant contributions from the private sector and Defence Public Sector Undertakings (DPSUs).
SLINEX 2024: India-Sri Lanka Naval Drill in Visakhapatnam
- The 2024 edition of the Sri Lanka-India Exercise (SLINEX 24) was conducted from December 17 to 20 in Visakhapatnam under the Eastern Naval Command.
- This annual bilateral naval exercise, held in two phases—Harbour and Sea—focused on strengthening maritime cooperation and enhancing interoperability.
- Special Forces from both nations participated alongside key naval vessels, emphasizing a secure, rule-based maritime domain in the Indian Ocean.
Banking News
Indian Banks Report Strong Profit Growth in FY25
- Indian public sector banks (PSBs) reported a 25% surge in net profit, totaling Rs. 85,520 crore during H1 2024-25, compared to Rs. 68,500 crore in the same period last year.
- This robust performance is attributed to low non-performing assets (NPAs), strong credit growth, and solid capital adequacy ratios.
- PSBs are projected to achieve profits exceeding Rs. 1.5 trillion by FY25.
RBI Forms Panel for Ethical AI in Finance
- The Reserve Bank of India (RBI) announced the establishment of an eight-member committee to develop the Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the financial sector.
- This initiative aims to guide the ethical use of AI in financial services, encompassing banks, NBFCs, FinTechs, and payment systems.
Amitava Chatterjee Appointed MD & CEO of J&K Bank
- Jammu and Kashmir (J&K) Bank witnessed a 7.4% rise in share prices following the appointment of Amitava Chatterjee as its new Managing Director (MD) and Chief Executive Officer (CEO).
- Approved by the Reserve Bank of India, Chatterjee’s three-year tenure begins on December 30, 2024, succeeding Baldev Prakash, who retires on December 27.
Economy News
India’s FY25 Economic Growth Forecast at 6.5%
- India’s economy is projected to grow by 6.5% in FY25 despite a slow first half, as outlined in the Finance Ministry’s Monthly Economic Review.
- The slowdown is primarily due to tight monetary policies by the Reserve Bank of India and weaker demand.
- However, robust agricultural and industrial activities are expected to drive growth in the latter half of the fiscal year.
Summits & Conferences News
PM Modi Reviews Projects in 45th PRAGATI Meeting
- Prime Minister Narendra Modi chaired the 45th PRAGATI meeting on December 26, 2024, reviewing eight critical infrastructure projects worth over Rs. 1 lakh crore.
- Covering sectors such as urban transport, road connectivity, and renewable energy, the meeting emphasized timely execution, resolving grievances, and innovative practices for implementation.
Awards News
RINL Wins Gold at Andhra Pradesh Energy Awards
- Rashtriya Ispat Nigam Limited (RINL) secured the Gold Award at the Andhra Pradesh State Energy Conservation Awards 2024.
- The award recognizes RINL’s energy conservation efforts in the iron and steel sector, highlighting its sustainable practices over the last three years.
President Presents PM Rashtriya Bal Puraskar 2024
- President Droupadi Murmu awarded the Pradhan Mantri Rashtriya Bal Puraskar 2024 to 17 young achievers in categories including art, bravery, innovation, and sports.
- The President praised their contributions, emphasizing their role in inspiring confidence in India’s future.
Science & Technology News
Nvidia Unveils Affordable AI Supercomputer
- Nvidia introduced the Jetson Orin Nano Super Generative AI supercomputer, priced at $249, significantly cheaper than its predecessor.
- Designed for hobbyists, developers, and students, the model offers advanced AI capabilities at an affordable cost, marking a significant leap in accessible AI technology.
Obituaries News
Osamu Suzuki Passes Away at 94
- Osamu Suzuki, the former chairman and CEO of Suzuki Motor Corporation, passed away at 94 on December 25, 2024.
- Credited with revolutionizing India’s automotive market, Suzuki’s visionary leadership transformed the company into a global powerhouse in small cars.
- His death marks the end of an era for Suzuki.
Former Prime Minister Dr. Manmohan Singh Passes Away
- Dr. Manmohan Singh, India’s 13th Prime Minister and a pivotal figure in Indian politics and economics, passed away at 92.
- Known for his leadership during the economic liberalization of the 1990s, Dr. Singh’s contributions as an economist and statesman have left a lasting legacy.