Daily Current Affairs 7th Dec, 2024: Your guide for daily General Knowledge Preparation
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This post contains important current affairs of 7th Dec, 2024. It includes all Major National, International, Business and Sports related current affairs of 7th 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 7th Dec, 2024 Current affairs test.
International News
Nebraska Declares December 6 as Mahatma Gandhi Remembrance Day
Nebraska honored Mahatma Gandhi by unveiling a bust at the Nebraska State Capitol on December 6, 2024, designating the day as “A Day of Remembrance for Mahatma Gandhi.” Governor Jim Pillen announced the occasion, emphasizing Gandhi’s enduring principles of non-violence, justice, and tolerance. This initiative, organized by the Indian Consulate in Seattle and the Nebraska Governor’s Office, underscores cultural collaboration and long-term ties.
National News
India to Chair 68th Session of UN Commission on Narcotic Drugs
India has reached a historic milestone by being selected to preside over the 68th Session of the UN Commission on Narcotic Drugs (CND). This marks the first time India has assumed this prestigious role. Ambassador Shambhu S Kumaran, India’s Permanent Representative to the United Nations in Vienna, officially took over as the chair of this vital international body. The CND serves as a key policy-making entity of the UN, tasked with addressing global drug issues and fostering international cooperation on drug control strategies.
Positive Trends in Sex Ratio and Girl Child Enrollment Under BBBP Scheme
Launched on January 22, 2015, the Beti Bachao Beti Padhao (BBBP) initiative by the Ministry of Women & Child Development, in partnership with the Ministries of Education and Health & Family Welfare, has achieved significant progress in addressing gender disparities. Data from the Health Management Information System (HMIS) reveals an increase in the Sex Ratio at Birth (SRB) from 918 in 2014-15 to 930 in 2023-24. Additionally, the Gross Enrollment Ratio (GER) for girls at the secondary level improved from 75.51% in 2014-15 to 79.4% in 2021-22, as per UDISE+ data. The scheme continues to focus on eliminating gender bias, protecting girls, and promoting education.
Bharatiya Vayuyan Vidheyak Passed: Civil Aviation Minister Hails Milestone
The Bharatiya Vayuyan Vidheyak, 2024, signifies a groundbreaking reform in India’s aviation industry by replacing the 90-year-old Aircraft Act of 1934. Having been passed by both Houses of Parliament, the bill aims to modernize aviation regulations, ensure alignment with international standards, and support the sector’s rapid growth. It emphasizes safety, affordability, effective governance, consumer protection, and fostering investments. It also promotes self-reliance in aircraft manufacturing. The bill’s renaming in Hindi sparked debate but aligns with the government’s broader efforts to celebrate India’s cultural heritage.
Banking News
RBI Launches Podcast Series to Enhance Public Communication
The Reserve Bank of India (RBI), led by Governor Shaktikanta Das, is set to launch a podcast series to improve public communication and financial awareness. This initiative is part of the RBI’s ongoing efforts to make financial information accessible and transparent to the public.
SBI Card Surpasses 20 Million Credit Cards Milestone
SBI Card has crossed a major benchmark with over 20 million credit cards in circulation. Since entering the market in 1998, the company has maintained consistent growth, recording a compound annual growth rate (CAGR) of 25% in issued cards and 26% in customer spending from FY19 to FY24. This achievement solidifies SBI Card’s position as the second-largest credit card issuer in India, following HDFC Bank, which also achieved the 20 million milestone earlier this year.
Small Finance Banks Allowed to Offer Pre-Sanctioned Credit via UPI
Following its December 6, 2024, Monetary Policy Committee (MPC) meeting, the RBI announced that Small Finance Banks (SFBs) can now provide pre-sanctioned credit lines through the Unified Payments Interface (UPI). This move aims to extend financial services to underserved groups, including small businesses, micro-entrepreneurs, and residents in rural and semi-urban areas.
Economy News
Employment Growth Reflects Falling Unemployment Rate
India’s employment scenario has witnessed remarkable improvement, with the unemployment rate declining from 6% in 2017 to 3.2% in 2024, according to the Annual Periodic Labour Force Survey (PLFS). The Worker Population Ratio (WPR), representing the proportion of the working-age population employed, rose from 46.8% to 58.2% during this period. Despite challenges like the COVID-19 pandemic, the data reflects India’s progress in job creation and economic expansion.
RBI Leads in Global Gold Purchases with Record Reserves
India’s gold reserves surged to 882 tonnes in October 2024, driven by the RBI’s addition of 27 tonnes to its holdings. This marks a significant five-fold increase in gold purchases compared to 2023, with 77 tonnes acquired between January and October 2024. The RBI’s actions have positioned India as a leader in global gold demand.
Schemes News
SMILE Sub-Scheme Rehabilitates Nearly 1,000 Lives
The SMILE (Support for Marginalized Individuals for Livelihood and Enterprise) sub-scheme has successfully rehabilitated 970 individuals and 169 families across 81 cities in 26 states and union territories. Focusing on regions with high begging prevalence, the scheme, implemented by the Ministry of Social Justice and Empowerment, aims to reintegrate individuals into society and provide livelihood opportunities.
Science &Technology News
74-Year-Old Albatross Lays First Egg in Four Years
Wisdom, a 74-year-old Laysan albatross and the world’s oldest known wild bird, has laid an egg after a four-year hiatus. Her extraordinary longevity and contribution to her species have made her an enduring symbol of resilience and environmental conservation.
Business News
Adani Group to Invest $2 Billion in European Ports
The Adani Group has announced plans to invest $2 billion in acquiring ports in Europe, reflecting its ambitions to enhance its global footprint in maritime trade. Adani Ports & Special Economic Zones Ltd. (APSEZ) is exploring two to three terminals in Europe, which accounts for 40% of global sea trade. This initiative aligns with Adani’s broader goals in renewable energy and international trade expansion.
Important DaysÂ
International Civil Aviation Day Celebrated on December 7
International Civil Aviation Day, observed annually, celebrates the transformative role of civil aviation in connecting the world. Established in 1994 to commemorate the signing of the Chicago Convention, this year’s theme highlights aviation’s impact on economic growth and cultural exchange.
UN Declares December 21 as World Meditation Day
The UN General Assembly has declared December 21 as World Meditation Day, co-sponsored by India and supported by several countries. The day emphasizes the importance of meditation in promoting well-being and tackling modern challenges like stress and anxiety.
International Cheetah Day Highlights Conservation Efforts
Observed on December 4, International Cheetah Day raises awareness about the threats faced by cheetahs and the need for global conservation. Initiated by the Cheetah Conservation Fund, the day honors the legacy of Khayam, a rescued cheetah cub.
Armed Forces Flag Day: Honoring India’s Defenders
Observed annually on December 7, Armed Forces Flag Day commemorates the courage and sacrifices of the Indian Armed Forces. It is a day for citizens to show gratitude and contribute to the welfare of military personnel, veterans, and their families.
