Daily Current Affairs 5th Dec, 2024: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 5th Dec, 2024. It includes all Major National, International, Business and Sports related current affairs of 5th 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 5th Dec, 2024 Current affairs test.
International News
US Approves $1.17 Billion Equipment Deal for Indian Navy Helicopters
In a landmark decision, the outgoing Biden administration has approved a $1.17 billion agreement under the Foreign Military Sales (FMS) program. This deal includes advanced communication systems, sensors, and logistical support for the Indian Navy’s Sikorsky MH-60R multi-role helicopters. The agreement, designed to strengthen India’s naval capabilities, is part of a broader strategy to address security challenges in the Indian Ocean Region (IOR) posed by China and Pakistan. This development underscores the growing strategic defense collaboration between India and the United States.
Defence News
Adani Defence Delivers Second Drishti-10 Surveillance Drone to Indian Navy
Adani Defence has handed over the second Drishti-10 Starliner surveillance drone to the Indian Navy, further strengthening India’s maritime surveillance capabilities. This state-of-the-art drone, an Intelligence, Surveillance, and Reconnaissance (ISR) platform, is engineered to oversee expansive maritime zones, deter piracy, and provide advanced over-the-horizon monitoring. This milestone highlights India’s focus on achieving self-reliance in defense technology.
National News
India Aims to Halve Snakebite Fatalities by 2030
India, which contributes nearly half of the global snakebite-related deaths, has officially declared snakebite a notifiable disease nationwide. This strategic move is part of a larger initiative to tackle the high rates of mortality and disability caused by snakebites, especially in rural and tribal regions. It aligns with the World Health Organization’s (WHO) global target of reducing snakebite fatalities and injuries by 50% by 2030. By requiring mandatory reporting of all snakebite cases and deaths, this measure aims to enhance monitoring, ensure timely treatment, and implement effective prevention measures, offering significant relief to underprivileged communities affected by this neglected health crisis.
Economy News
NSIC Reports Record Dividend of ₹37.97 Crore for FY 2023-24
The National Small Industries Corporation Limited (NSIC), under the Ministry of MSME, achieved a significant milestone by disbursing its highest-ever dividend of ₹37.97 crore to the Government of India for FY 2023-24. The cheque was presented by Chairman and Managing Director Dr. Subhransu Sekhar Acharya to Union Minister Shri Jitan Ram Manjhi and MoS Sushri Shobha Karandlaje, marking a noteworthy achievement in the corporation’s history.
RBI Enhances UPI Lite Wallet and Transaction Limits
To promote digital payment adoption, the Reserve Bank of India (RBI) has increased the UPI Lite wallet limit to ₹5,000 and raised the per-transaction limit to ₹1,000. Announced during the RBI’s Monetary Policy Committee (MPC) meeting on October 9, 2024, these measures aim to simplify offline transactions and offer a seamless payment experience for users.
Morgan Stanley Reduces India’s FY25 GDP Growth Projection
Morgan Stanley has lowered its GDP growth estimate for India in FY25 from 6.7% to 6.3%. This revision follows a significant slowdown in India’s GDP growth to 5.4% during the July-September 2024 quarter, marking the lowest rate since March 2023. The decline is attributed to weaker private consumption and reduced capital expenditure, though the services sector displayed resilience. Despite the dip, Morgan Stanley anticipates a recovery in the second half of FY25, with growth averaging 6.6%, spurred by increased government spending, improved rural demand, and relaxed financial conditions.
Banking News
SEBI Fines Reliance Securities ₹9 Lakh for Regulatory Violations
The Securities and Exchange Board of India (SEBI) has imposed a ₹9 lakh fine on Reliance Securities Ltd (RSL) for violating stockbroker norms and market regulations. This penalty follows an inspection of RSL’s records and documents conducted by SEBI, NSE, and BSE between April 2022 and December 2023. The inspection uncovered several violations, including poor record-keeping, unauthorized terminal use, and inadequate office segregation. While RSL took corrective measures, SEBI emphasized that the violations during the inspection period justified the penalty.
Schemes News
PMGDISHA Surpasses Digital Literacy Target with 6.39 Crore Trainees
The Pradhan Mantri Gramin Digital Saksharta Abhiyan (PMGDISHA), part of the Digital India Programme, has successfully trained 6.39 crore rural individuals, exceeding its target of 6 crore by March 31, 2024. This initiative empowers one member of each rural household with essential digital skills and was implemented through a network of training centers under the Ministry of Electronics and Information Technology (MeitY) in partnership with State Implementing Agencies.
eMaap Portal Launched for Consumer Protection and Fair Trade
The Indian government has unveiled the National Legal Metrology Portal (eMaap) to enhance transparency, accountability, and compliance with legal metrology standards. This initiative by the Ministry of Consumer Affairs aims to foster fair trade practices and strengthen consumer protection while streamlining services for businesses and consumers.
PMSGMBY Targets 1 Crore Rooftop Solar Installations by 2027
The Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGMBY), the world’s largest domestic rooftop solar initiative, is revolutionizing India’s solar energy sector. Launched in February 2024, the scheme has achieved 6.3 lakh installations in just nine months, a significant increase from the previous average of 7,000 installations per month. The program aims to surpass 10 lakh installations by March 2025 and achieve 1 crore by March 2027.
Sports News
India Clinches Fifth Junior Hockey Asia Cup
India’s junior men’s hockey team triumphed over Pakistan with a thrilling 5-3 victory in Muscat to secure their fifth Junior Asia Cup title on December 4, 2024. Araijeet Singh Hundal emerged as the star of the match, scoring four goals to lead India to its third consecutive championship win.
Science & Technology News
Amazon Unveils Nova Foundation Models for Generative AI
Amazon has launched the Nova Foundation Models (FMs), a groundbreaking innovation in generative AI. The Nova series, designed for diverse applications such as text, image, and video processing, aims to enhance multimedia content creation, document analysis, and video understanding. These advancements position Amazon as a key competitor in the AI space alongside OpenAI, Meta, and Adobe, addressing issues of latency, cost, and customization for developers and businesses.
Obituaries News
Australian Tennis Legend Neale Fraser Passes Away at 91
Neale Fraser, a legendary Australian tennis player and Davis Cup captain, has passed away at 91. Fraser, known for his exceptional skills in both singles and doubles, won 19 Grand Slam titles and led Australia to eight Davis Cup victories, leaving an indelible mark on the sport.
Important DaysÂ
International Volunteer Day 2024: Celebrating Global Volunteerism
International Volunteer Day (IVD) for Economic and Social Development, celebrated annually on December 5, recognizes the transformative contributions of volunteers worldwide. It serves as a platform to acknowledge their role in addressing global challenges and promoting sustainable development at all levels.
World Soil Day 2024: Advocating Soil Conservation
Observed on December 5 every year, World Soil Day emphasizes the importance of healthy soil and sustainable soil resource management. The event aims to raise global awareness about soil degradation and its impact on life on Earth.
