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Artificial Intelligence (AI) is rapidly transforming India’s industry, economy and society.
Evolution of AI in India
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FutureSkills Prime is a digital skilling initiative by Nasscom & Meity, aimed at making India a Digital Talent Nation. |
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India is at a crucial juncture, ready to leverage strong government support and industry collaboration to lead in the global AI landscape. By harnessing AI’s transformative power, the nation can drive significant economic prosperity and social growth.
India’s forex reserves exceeded $700 billion for the first time, reaching $704.89 billion, following a seven-week climb.
India’s forex reserves have surged by $87.6 billion in 2024, surpassing last year’s total increase of nearly $62 billion.
Foreign Currency assets (FCA): Foreign Currency Assets (FCA) that is the most important component of the RBI’s foreign exchange reserve are the assets like US Treasury Bills bought by the RBI using foreign currencies.
Special Drawing Rights (SDR):
Reserve Tranche: A Reserve Tranche is a portion of the required quota of currency each member country must provide to the IMF.
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National Commission for Backward Classes recommended the inclusion of at least seven communities and their synonyms in the Central List of Other Backward Classes.
About NCBC
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The global wildlife populations have declined by 73 per cent in the last 50 years per biennial the Living Planet Report of the World Wildlife Fund’s (WWF).
The 2024 Nobel Prize for Chemistry was shared by David Baker “for computational protein design” along with Demis Hassabis and John Jumper “for protein structure prediction”.
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Nobel Prize Overview
Award Money: Winners of the Nobel Prize in Chemistry 2024 will receive 10 million Swedish kronor (approximately $900,000). Other 2024 Awards
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In 2020 Demis Hassabis and John M. Jumper Developed AlphaFold 2.
It can predict the structures of millions of proteins.
What are proteins and what do they do?
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RBI maintained its benchmark interest rate at 6.5% for the 10th successive monetary policy review since April 2023.
Accommodative |
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Neutral |
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Hawkish Stance |
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Calibrated Tightening |
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Finance Minister called out the European Union’s initiatives such as the Carbon Border Adjustment Mechanism (CBAM) and Deforestation rules as ‘unilateral’ and ‘arbitrary’
“Fit for 55 in 2030 package” .
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Pro and Con of CBAM implementationPro
Cons
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The Union Cabinet has extended the universal supply of fortified rice in all central government schemes under the National Food Security Act, 2021 until December 2028.
Micronutrients
Macronutrients
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Food fortification involves deliberately increasing the content of essential micronutrients in food to improve its nutritional quality and provide public health benefits with minimal health risks.
The Union Cabinet recently approved the development of the National Maritime Heritage Complex Lothal in Gandhinagar, Gujarat.
Important Sites of IVC
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A new analysis by the International Monetary Fund (IMF) reveals that fewer women are working in sustainable industries, despite rising job opportunities in the green sectors.
What is the Green Glass Ceiling?
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The “green glass ceiling” highlights the persistent gender disparities in sustainable sectors, where women remain underrepresented. Addressing this issue is crucial for achieving gender equality and ensuring a more inclusive and efficient transition to a green economy. By promoting education, implementing supportive policies, and fostering inclusive work environments, we can empower women to take on more significant roles in these vital industries.
The Red Panda Program of Darjeeling’s Padmaja Naidu Himalayan Zoological Park has been selected as a finalist for the prestigious World Association of Zoos and Aquariums (WAZA) Conservation Award 2024.
World Association of Zoos and Aquariums (WAZA)
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Humsafar Policy |
Context: The Union Minister of Road Transport & Highways launched the Humsafar Policy to improve infrastructure on national highways.
About Humsafar Policy:
Key Features of the Humsafar Policy
Benefits of the Policy
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Major Atmospheric Cherenkov Experiment (MACE) Observatory |
Context: India has taken a monumental step in astrophysics with the inauguration of the Major Atmospheric Cherenkov Experiment (MACE) Observatory in Hanle, Ladakh.
About MACE
The Significance of MACE
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Malabar Exercise |
Context: The Opening Ceremony of MALABAR 2024 under the aegis of Eastern Naval Command was held onboard Indian Naval Ship Satpura at Visakhapatnam on 09 Oct 24.
About Malabar Exercise:
About Security and Growth for All in the Region (SAGAR):
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