India Welcomes Its 57th Tiger Reserve: Ratapani Tiger Reserve in Madhya Pradesh

The Union Minister for Environment, Forest, and Climate Change, Shri Bhupender Yadav, has officially announced the notification of the Ratapani Tiger Reserve in Madhya Pradesh as India’s 57th Tiger Reserve. This remarkable step emphasizes India’s commitment to tiger conservation and highlights the nation’s dedication to preserving its rich biodiversity.

About Ratapani Tiger Reserve

Geographical Details

Core Area: 763.8 sq km
Buffer Area: 507.6 sq km
Total Area: 1,271.4 sq km

Ratapani Tiger Reserve is now the 8th tiger reserve in Madhya Pradesh, reaffirming the state’s title as the “Tiger State of India.”

Ecological Significance

Located in the forests of the Ratapani, Bhopal, and Sehore areas, the reserve boasts rich biodiversity and is home to the majestic tiger. Its designation as a tiger reserve will enhance wildlife management and provide a secure habitat for tigers and other wildlife species.

Conservation Initiatives for the Reserve

The notification of Ratapani as a tiger reserve brings with it a comprehensive plan for wildlife conservation. The following measures will be implemented to strengthen its management:

Standard Protection and Habitat Management

Enhanced security measures will be taken to protect the reserve’s flora and fauna.
Scientific habitat management practices will be adopted to ensure a balanced ecosystem.

Ecotourism Development

The reserve will promote ecotourism activities, attracting nature enthusiasts and contributing to conservation awareness.
Local communities will directly benefit from increased tourism, boosting the region’s economy.

Community Engagement

Local populations will be actively involved in conservation efforts, fostering a sense of ownership and responsibility.
Training and employment opportunities in conservation and tourism will be provided to empower local residents.

India’s Growing Commitment to Tiger Conservation

The Role of Madhya Pradesh

Madhya Pradesh, already a leader in tiger conservation, has once again reinforced its commitment with Ratapani joining the ranks of other renowned tiger reserves like Kanha, Bandhavgarh, Pench, and Panna. The state now hosts eight tiger reserves, playing a pivotal role in India’s tiger conservation strategy.

Global Leadership in Tiger Conservation

India’s efforts have made it a global leader in tiger conservation. The country’s Project Tiger, launched in 1973, has expanded significantly over the years, providing critical protection to these endangered species. The addition of Ratapani as the 57th tiger reserve further strengthens this legacy.

Regional and National Impact

The notification of the Ratapani Tiger Reserve is not just an achievement in terms of wildlife conservation; it also holds socio-economic importance.

Wildlife Conservation Strengthened: The initiative will fortify wildlife protection in the Ratapani landscape, contributing to sustainable biodiversity management.
Ecotourism Benefits: Local communities stand to gain from increased tourism opportunities, promoting regional development while enhancing conservation efforts.
National Achievement: The recognition of Ratapani highlights India’s holistic approach to balancing environmental protection with economic development.

Brigadier Raj Manchanda: The ‘Old Fox’ of Indian Squash Passes Away at 80

The Indian squash community mourns the loss of Brigadier Raj Manchanda, a legendary figure affectionately known as the ‘Old Fox,’ who passed away on December 1, 2024, in Delhi. At the age of 80, Manchanda leaves behind an inspiring legacy marked by unparalleled achievements, resilience, and contributions to the sport. He was cremated with Military Honours at Brar Square in Delhi.

A Champion’s Journey: National and International Achievements

Brigadier Raj Manchanda’s journey in squash is nothing short of extraordinary. Despite starting the sport in his 30s, Manchanda rose to dominate the national squash circuit. He achieved the distinction of being a six-time National Champion, winning consecutive titles between 1977 and 1982. His dedication and resilience on the court earned him the prestigious Arjuna Award, solidifying his place as a legend in Indian squash.

On the international stage, one of his most notable achievements was securing fourth place at the 1984 Asian Championships held in Jordan.

A Mentor and a Pioneer

After retiring from professional squash, Manchanda devoted his time to coaching and mentoring young players, sharing his invaluable experiences to nurture talent. His pioneering contributions to squash, particularly as a member of the Services, were acknowledged by Cyrus Poncha, Secretary of the Squash Rackets Federation of India. Poncha remarked, “He was one of the pioneers from Services to take squash seriously and did really well.”

Honored Legacy

Manchanda’s influence extended beyond his playing and coaching career. In a testament to his lasting impact, two squash courts were named in his honor at the National Defence Academy (NDA) and the Indian Military Academy (IMA). His wife, Suneeta Manchanda, expressed the family’s pride in this recognition, stating, “It is a matter of pride for the family.”

A Life Beyond Squash

Brigadier Manchanda was more than an exceptional athlete; he was a multi-talented individual known for his singing and composing abilities. He was also a kind and generous man, remembered for his selfless acts. His daughter, Shibani, shared a touching story from his teenage years: “He once took his collection of trophies and requested the sports shop owner to sell them and use the money to help squash players.”

Post-retirement from squash, Manchanda worked as a consultant at Exhibition Industries in Delhi, continuing to inspire those around him through his wisdom and kindness.

Remembering the ‘Old Fox’

Brigadier Raj Manchanda’s life is a story of resilience, passion, and generosity. He leaves behind a legacy that extends beyond the game of squash, touching the lives of countless players, fans, and family members. As the squash fraternity bids farewell to one of its finest, the name of the ‘Old Fox’ will continue to inspire generations to come.

Who is Known as the Saint of the Gutters?

Some people devote their lives to helping others, spreading love and kindness through their actions. Their selfless efforts touch countless lives and inspire the world with compassion and humanity. Such individuals leave a lasting impact, showing the true meaning of care and service. In this article, we will know about the person who is known as the “Saint of Gutters.”

Saint of the Gutters

Mother Teresa is famously known as “The Saint of the Gutters” because of her dedication to helping poor and needy people. Her selfless work for the ill and the underprivileged made her one of the most admired figures in the world.

Why is Mother Teresa Known as the Saint of the Gutters?

Mother Teresa is known as the “Saint of the Gutters” because of her tireless work for the poor and sick, especially in the slums of Kolkata. She cared for abandoned, ill, and dying people, offering food, shelter, and love. Her selfless service and compassion made her a symbol of kindness and humanity worldwide.

Who was Mother Teresa?

Mother Teresa was a Catholic nun who dedicated her life to helping the poor, sick, and needy, especially in Kolkata, India. She founded the Missionaries of Charity to provide care for the most vulnerable people. Known for her selflessness and compassion, she was awarded the Nobel Peace Prize in 1979 for her humanitarian work.

Key Facts About Mother Teresa, the Saint of the Gutters

Here are some key facts that you must know about Mother Teresa, the Saint of the Gutters:

Mother Teresa was born on August 27, 1910, in Skopje, Macedonia (now North Macedonia).
She founded the Missionaries of Charity, a Roman Catholic order dedicated to helping the poor and destitute in India.
She received the Nobel Peace Prize in 1979 for her humanitarian work.
Mother Teresa adopted Indian citizenship and wore the traditional Indian sari.
She established the Nirmal Hriday hospice in 1952 for the terminally ill.
She was awarded the Padma Shri in 1962 by the Indian government for her services.
In 1979, she received the Bharat Ratna, India’s highest civilian award.
Mother Teresa’s order grew to include hundreds of centres in over 90 countries by the time of her death in 1997.
She was beatified in 2003 and canonized as a saint in 2016.
Despite experiencing spiritual darkness, she remained committed to her faith and mission.

Maria Victoria Juan Wins Aster Guardians Global Nursing Award 2024

Nurse Maria Victoria Juan has been honoured with the Aster Guardians Global Nursing Award 2024, a prestigious recognition that celebrates exceptional contributions to the nursing profession worldwide. Maria, whose career has been a testament to dedication and resilience, was chosen for this award for her outstanding efforts in transforming the healthcare landscape, particularly in the Philippine Army Health Services and the Armed Forces of the Philippines.

Inspiration and Early Career

Maria’s journey into nursing was inspired by her aunt, a pioneer in military nursing. This early exposure to healthcare in military settings shaped Maria’s future, ultimately leading her to serve as a Colonel in the Reserve Force of the Armed Forces of the Philippines. Today, she serves as a consultant at the Philippine Army Health Services, where her contributions have been instrumental in improving the nation’s healthcare infrastructure, especially in conflict zones.

Spearheading Aeromedical Evacuation in the Philippines

One of Maria’s most notable achievements is her leadership in establishing the first aeromedical evacuation system in the Philippines. This innovative system has drastically improved survival rates in conflict areas by facilitating the rapid transport of injured personnel to medical facilities. The program was pivotal in enhancing the country’s response to emergencies, particularly in military settings where quick medical intervention is crucial.

Maria’s pioneering work in aeromedical evacuation not only saved countless lives but also set new standards in healthcare delivery under challenging conditions. She oversaw the development of this system during her tenure as the Chief Nurse of the Philippine Army, a position that demanded both leadership and specialized medical expertise.

Rigorous Training and Overcoming Personal Challenges

At the age of 54, Maria took on the challenging task of completing a nine-month aeromedical evacuation training program. Her training included intense preparation, such as 200 hours of emergency ambulance conduct, 100 hours of clinical duty, a one-mile ocean swim, three-day jungle survival training, helicopter underwater escape, and participating in flight medical runs.

Despite her initial fears of flying and deepwater swimming, Maria successfully overcame these personal challenges, demonstrating extraordinary perseverance and commitment to the mission. Her ability to excel in such a demanding program at an advanced stage in her career speaks to her dedication to improving the healthcare system and providing high-quality care to those in need.

Praise from Dr. Azad Moopen

The Aster Guardians Global Nursing Award was presented by Dr. Azad Moopen, founder chairman of Aster DM Healthcare, who commended Maria for exemplifying the highest standards of nursing excellence. Dr. Moopen emphasized that Maria’s work not only impacted the healthcare sector in the Philippines but also set an example for the global healthcare community. He highlighted her relentless dedication to her work, noting that Maria’s contribution has been transformative in both military and civilian healthcare settings.

Environmental Health Initiatives and Pandemic Response

Maria’s achievements extend beyond aeromedical evacuation. She has also led significant environmental health initiatives, such as utilizing vetiver grass technology to combat soil erosion and water pollution. These efforts have contributed to long-term environmental sustainability and public health improvements in the Philippines.

During the COVID-19 pandemic, Maria’s leadership was once again evident as she organized the Endurun Mega Swabbing Center. This initiative played a critical role in the country’s pandemic response, facilitating the conduct of nearly 500,000 tests. Her efforts in managing such a large-scale testing operation were vital in curbing the spread of the virus and ensuring the safety of the Filipino people during an unprecedented global health crisis.

Award Significance and Global Recognition

The Aster Guardians Global Nursing Award, which was launched in 2021, aims to honor nurses who have demonstrated exceptional leadership, innovation, and contributions to healthcare. This year, the award received a record 78,000 applications from 202 countries, marking a 50% increase in applications from the previous year. Maria’s win underscores her dedication to the nursing profession and her tireless efforts in advancing healthcare practices, particularly in military and conflict settings.

Along with Maria, nine other finalists were recognized for their exceptional work in the field of nursing. These finalists represented countries such as Kenya, Papua New Guinea, the USA, Uganda, the UAE, India, Singapore, and England, and they were celebrated for their invaluable contributions to improving healthcare and advancing nursing standards globally.

Summary of the News

Why in News	Details
Award Recognition	Nurse Maria Victoria Juan was awarded the prestigious Aster Guardians Global Nursing Award 2024 for her significant contributions to the nursing profession and healthcare.
Award Presenter	The award was presented by Dr. Azad Moopen, founder chairman of Aster DM Healthcare.
Award Grant	Maria received a grant of over Dh900,000 as part of the award.
Significance of Maria’s Achievements	Maria is credited with establishing the first aeromedical evacuation system in the Philippines, which significantly improved survival rates in conflict areas.
Career Background	Maria is a Consultant at Philippine Army Health Services and a Colonel in the Reserve Force of the Armed Forces of the Philippines.
Training and Challenges	At the age of 54, Maria completed a nine-month aeromedical evacuation training program, overcoming personal fears like flying and deepwater swimming.
Praise from Dr. Azad Moopen	Dr. Moopen praised Maria as an example of nursing excellence, inspiring the global healthcare community.
Environmental Health Initiatives	Maria led initiatives such as using vetiver grass technology to combat soil erosion and water pollution.
Pandemic Response Contribution	Maria organized the Endurun Mega Swabbing Center, conducting nearly 500,000 COVID-19 tests, significantly aiding the Philippines’ pandemic response.
Global Applications for the Award	The Aster Guardians Global Nursing Award received 78,000 applications from 202 countries, a 50% increase from 2023.
Other Finalists	Nine other finalists were recognized for their contributions, from countries like Kenya, Papua New Guinea, USA, Uganda, UAE, India, Singapore, and England.
Award Impact	Maria’s recognition highlights her transformative impact on military and civilian healthcare, advancing aeromedical evacuation and environmental health initiatives.

China Opens First Atmospheric Monitoring Station in Antarctica

China has inaugurated its first atmospheric monitoring station in Antarctica, marking a significant expansion of its research presence on the continent. Located in Larsmann Hills, East Antarctica, the Zhongshan National Atmospheric Background Station aims to provide continuous and long-term observations of atmospheric components, contributing valuable data on climate change and the impact of human activity on the environment. This station supports China’s growing role in Antarctic research, aligning with its broader goals as a ‘polar power.’

A Strategic Move in Polar Research

The Zhongshan station is strategically placed in a region with unique geographical and scientific value. It will monitor atmospheric concentration changes, aiding in understanding global climate shifts, particularly in polar regions, which are crucial amplifiers of climate change. This new station joins China’s network of six research stations in Antarctica, the first of which was built in 1985. It also follows the opening of China’s Ross Sea scientific research station earlier this year.

China’s Expanding Presence and Global Ambitions

China’s increased involvement in Antarctica is part of its long-term strategic vision, which includes exploring resources such as minerals, petroleum, and natural gas—though these activities are currently restricted by the Antarctic Treaty. The nation’s rising investments and participation in Antarctic governance are seen as moves to secure its interests in the event of future changes to the treaty, especially as the mining ban will be up for review in 2048.

The Role of the Antarctic Treaty

While China supports the Antarctic Treaty, which ensures the continent remains demilitarized and promotes scientific cooperation, experts have raised concerns about potential shifts in policy regarding resource extraction. China’s stance has been to balance environmental protection with resource use, which could play a critical role in future treaty discussions.

Which District of Uttarakhand is Known a the School Capital of India?

Uttarakhand is a state in northern India known for its scenic beauty and rich cultural heritage. Among its many districts, Dehradun is famously known as the School Capital of India. This title reflects the district’s reputation for excellent educational institutions and a strong emphasis on learning.

An Overview of Uttarakhand

Uttarakhand, also called the “Northern Land,” is a state in northern India. It borders Himachal Pradesh, Tibet, Nepal, Uttar Pradesh, and Haryana. Covering 53,483 km², it has Dehradun as its capital and Nainital as the judicial capital. The state has 13 districts, 45.4% forest cover, and is home to the Ganges and Yamuna rivers.

Administrative Divisions of Uttarakhand

Uttarakhand has 13 districts, grouped into two divisions: Garhwal and Kumaon, for better administration. Each division represents the unique culture and geography of this northern Indian state.

School Capital of India

Dehradun, the capital of Uttarakhand, is famously known as the School Capital of India. This beautiful district is home to some of the best schools in the country, offering students a calm and healthy environment for learning. Over the years, Dehradun has gained a reputation for its high-quality education and well-established boarding schools.

Why is Dehradun Known as the School Capital of India?

Here are some reasons for why Dehradun, the capital of Uttarakhand earned the title of the “School Capital of India”:

Dehradun has a peaceful and healthy environment perfect for learning.
It offers some of the best schools with top-class education systems.
Many famous personalities studied in Dehradun’s boarding schools.
Schools focus on overall development with sports, arts, and life skills.
The city has a low cost of living and offers scholarships for students.
Dehradun is safe and has well-developed facilities for comfortable living.
Its natural beauty and pleasant climate support better learning and growth.

Indian Navy Day 2024: Honouring the Maritime Guardians of India

Indian Navy Day, observed annually on December 4, celebrates the valor, accomplishments, and unwavering dedication of the Indian Navy in safeguarding the nation’s maritime borders. It also commemorates the success of Operation Trident during the 1971 Indo-Pak War, a pivotal moment in India’s military history.

Significance of Indian Navy Day

Indian Navy Day is not merely a ceremonial observance; it is a tribute to the brave personnel of the Indian Navy who tirelessly defend the nation’s maritime sovereignty. The day acknowledges their sacrifices and celebrates their unparalleled skill in maintaining security across the Indian Ocean Region (IOR).

India’s coastline stretches over 7,500 kilometers, and its Exclusive Economic Zone (EEZ) spans more than 2 million square kilometers. The Indian Navy ensures the protection of these vast maritime assets, fortifying India’s position as a major regional power.

History Behind Indian Navy Day

The origins of Navy Day trace back to Operation Trident, a daring naval offensive during the 1971 Indo-Pak War. On the night of December 4-5, 1971, under the leadership of Commodore Kasargod Pattanashetti Gopal Rao, the Indian Navy launched a missile attack on Pakistan’s Naval Headquarters in Karachi, crippling their maritime capabilities.

Key highlights of Operation Trident:

Use of missile boats: INS Veer, INS Nipat, and INS Nirghat.
Sinking of three Pakistani ships, including PNS Khaibar.
Minimal Indian casualties.
Significant damage to Pakistan’s naval infrastructure.

This operation marked the first use of missile boats in combat by the Indian Navy and remains a symbol of strategic excellence and bravery.

Indian Navy Day 2024 Theme: Strength Through Self-Reliance

The theme for Indian Navy Day 2024, “Strength and Capability through Innovation and Indigenization,” underscores the Navy’s commitment to achieving self-reliance in defense technologies. This focus on indigenization and innovation aligns with India’s broader vision of Atmanirbhar Bharat (Self-Reliant India) and ensures enhanced maritime security and operational efficiency.

Role of the Indian Navy

The Indian Navy operates across a spectrum of missions, encompassing everything from military operations to humanitarian assistance. Its responsibilities can be categorized into four distinct roles:

1. Military Role

The Navy’s military function involves both offensive and defensive actions at sea. It uses maritime power to:

Safeguard territory, forces, and trade.
Conduct high-intensity warfare when necessary.
Achieve strategic military goals.

2. Diplomatic Role

Through naval diplomacy, the Indian Navy strengthens international relations by:

Building friendship bridges with allied nations.
Demonstrating strength to deter potential adversaries.
Supporting India’s foreign policy objectives through joint exercises and collaborations.

3. Constabulary Role

The constabulary role emphasizes maritime security and policing operations, including:

Countering low-intensity maritime threats.
Ensuring coastal security in collaboration with other agencies.
Maintaining law and order at sea.

4. Benign Role

The benign role involves non-violent operations such as:

Humanitarian assistance during natural disasters.
Conducting Search and Rescue (SAR) missions.
Supporting hydrographic surveys and other civilian maritime needs.

Technological Breakthroughs and Indigenization

The Indian Navy is at the forefront of innovation, embracing cutting-edge technologies to enhance its operational capabilities.

Swavlamban 2.0

The Navy’s Swavlamban 2.0 roadmap showcases its commitment to developing advanced defense technologies. This initiative builds upon its earlier successes, ensuring a seamless transition to indigenized defense systems.

Key Achievements

SPRINT Initiative: Supports research and development for defense innovations.
Naval Innovation and Indigenisation Organisation (NIIO): Facilitates collaboration with private industries to promote self-reliance.
Technology Development Acceleration Cell: Drives technological advancements for naval applications.

During the Azadi ka Amrit Mahotsav in 2022, the Navy pledged to develop 75 technologies, setting a benchmark for future endeavors.

Indian Navy’s Modern Capabilities

India boasts a powerful Navy with approximately 150 vessels, including 17 destroyers. These assets, combined with highly trained personnel, allow the Navy to perform its duties effectively across the Bay of Bengal, the Arabian Sea, and beyond.

Indian Navy Day 2024: Summary Table

Aspect	Details
Why in News?	Indian Navy Day, observed on December 4, honors the bravery of the Navy, particularly the success of Operation Trident during the 1971 Indo-Pak War. The theme for 2024 is “Strength and Capability through Innovation and Indigenization”, emphasizing self-reliance and technological advancements.
Historical Significance	Celebrates the Navy’s decisive victory in Operation Trident, where Indian missile boats, including INS Veer, INS Nipat, and INS Nirghat, attacked Pakistan’s Naval HQ in Karachi, sinking three ships and causing significant damage.
Key Roles of Navy	1. Military Role: Protecting maritime borders and engaging in high-intensity operations. 2. Diplomatic Role: Strengthening international ties and deterring adversaries. 3. Constabulary Role: Safeguarding maritime security and coastal policing. 4. Benign Role: Humanitarian aid, SAR, and disaster relief.
Theme for 2024	“Strength and Capability through Innovation and Indigenization”: Highlights the Navy’s focus on self-reliance and strengthening maritime security through advanced technologies.
Technological Innovations	– Introduction of Swavlamban 2.0 for advanced defense technology development. – Key initiatives: SPRINT, Naval Innovation and Indigenisation Organisation (NIIO), and Technology Development Acceleration Cell. – Development of 75 technologies under Azadi ka Amrit Mahotsav.
India’s Naval Strength	Approximately 150 vessels (including 17 destroyers) safeguarding a coastline of 7,500 km and an Exclusive Economic Zone (EEZ) of over 2 million square kilometers.
Key Contributions	– Defending the Bay of Bengal and the Arabian Sea. – Facilitating diplomatic cooperation and ensuring economic security. – Conducting humanitarian operations and fostering maritime safety.

International Day of Banks 2024: Date, History and Significance

The International Day of Banks, celebrated annually on December 4, highlights the crucial role that banks play in driving sustainable growth, improving living standards, and stabilizing economies. In India, despite enduring challenges like geopolitical tensions, the banking and financial sectors have demonstrated remarkable resilience and adaptability.

History and Significance

The United Nations General Assembly (UNGA) officially designated December 4 as the International Day of Banks through resolution 74/245 on December 19, 2019. This resolution recognizes the pivotal contributions of multilateral development banks and international development institutions in financing sustainable development and sharing essential knowledge and expertise.

The day also emphasizes the indispensable role of domestic banking systems in Member States, particularly their ability to uplift living standards. According to the UN website, banks act as vital enablers for fostering economic stability and growth by ensuring access to financial resources and enhancing economic opportunities.

Banking Sector in India: A Beacon of Stability and Growth

The Indian banking sector has emerged as a cornerstone of economic resilience, showcasing strong performance indicators even amidst global uncertainties. The following factors have contributed to the sector’s success:

1. Enhanced Asset Quality

Indian banks have demonstrated a significant improvement in asset quality, attributed to:

Improved borrower selection processes.
More effective mechanisms for debt recovery.
Greater awareness of debt obligations among large borrowers.

2. Strengthened Governance and Transparency

The focus on qualitative aspects such as enhanced disclosures, robust codes of conduct, and transparent governance structures has strengthened the trust in India’s banking system.

3. Regulatory Support from RBI and the Government

The Reserve Bank of India (RBI) and the Government of India have implemented macro- and micro-prudential measures, ensuring the banking system’s stability. These measures include:

Increased risk absorption capacity.
Stringent capital and liquidity requirements.

This robust framework ensures that Indian banks remain resilient even during challenging economic cycles.

Role of the RBI in Strengthening Banking Systems

The Reserve Bank of India (RBI) has played a pivotal role in ensuring the stability and efficiency of the banking system. Established under the Reserve Bank of India Act, 1934, its objectives include:

Regulating currency and reserves to maintain monetary stability.
Managing the credit system for the nation’s advantage.
Operating within a modern monetary policy framework to address the complexities of an evolving economy.

By consistently implementing innovative policies, the RBI has ensured that Indian banks remain prepared to navigate both domestic and international challenges.

Indian Capital Markets: A Reflection of Economic Strength

India’s capital markets have emerged as a global powerhouse, supported by a robust primary market. With a stock market capitalization-to-GDP ratio ranked fifth globally, India has positioned itself as a key player in global financial markets.

Impressive Fund Mobilisation in FY24

During Financial Year 2023-24 (FY24), the Indian primary market facilitated capital formation worth ₹10.9 lakh crore, marking a significant growth from ₹9.3 lakh crore in FY23. Key highlights include:

A 24.9% increase in equity-based fundraising.
A 12.1% rise in debt mobilization.
A staggering 513.6% growth in hybrid fundraising methods.

This robust capital formation underscores the confidence investors and stakeholders have in the Indian financial ecosystem.

Significance of Indian Banks in Global and Domestic Contexts

India’s banking system holds strategic importance in both domestic and international contexts.

Maritime Financing and Trade Security: Banks play a pivotal role in securing India’s trade routes and boosting the economy’s global footprint.
Economic Inclusivity: By funding sustainable projects and offering access to credit in rural and underserved regions, banks help bridge economic disparities.
Crisis Management: Whether during financial crises or natural disasters, Indian banks have consistently proven their ability to safeguard national economic stability.

Key Takeaways

The International Day of Banks celebrates the transformative role of banking institutions in enabling sustainable development.
In India, asset quality improvements, governance reforms, and regulatory frameworks have strengthened the banking system’s resilience.
The RBI continues to lead the charge in enhancing monetary stability and financial inclusivity.
India’s capital markets and their strong performance in FY24 highlight the growing strength of the economy.

As we celebrate International Day of Banks 2024, the focus remains on acknowledging the banking sector’s contributions while envisioning a future where banks play an even greater role in driving inclusive and sustainable growth.

Summary of the News: International Day of Banks 2024

Category	Details
Why in News	The International Day of Banks, celebrated on December 4, recognizes the vital role of banks in sustainable growth, improving living standards, and economic stability.
History and Significance	– Established by UNGA Resolution 74/245 on December 19, 2019. – Highlights contributions of multilateral development banks in financing sustainable development. – Recognizes the role of domestic banking systems in fostering economic growth and improving living standards.
Performance of Indian Banks	– Improved asset quality due to better borrower selection, debt recovery, and awareness among borrowers. – Focus on governance with transparency, robust codes of conduct, and enhanced disclosures.
Regulatory Support	– RBI and Government introduced macro- and micro-prudential measures. – Increased risk absorption and stringent capital/liquidity requirements ensure stability.
Role of RBI	– Ensures monetary stability under the RBI Act, 1934. – Manages currency and credit systems for the nation’s advantage. – Implements a modern monetary policy framework for economic complexities.
Capital Market Strength	– India’s stock market capitalization-to-GDP ratio ranks fifth globally. – Primary market capital formation reached ₹10.9 lakh crore in FY24 (up from ₹9.3 lakh crore in FY23). – Fundraising growth: Equity (+24.9%), Debt (+12.1%), and Hybrid (+513.6%).
Global and Domestic Importance	– Maritime Financing: Secures trade routes and boosts the global footprint. – Economic Inclusivity: Funds rural/underserved projects and bridges economic disparities. – Crisis Management: Proves resilient during financial and natural crises.
Key Takeaways	– Celebrates banks’ role in sustainable development. – Recognizes RBI’s role in financial stability and inclusivity. – Highlights India’s capital market strength and its growing global position.

SheSTEM 2024: Empowering Youth-Led Innovation for a Sustainable Future

Atal Innovation Mission (AIM) and the Swedish Embassy, in collaboration with Nordic partners like Innovation Norway, Innovation Centre Denmark, and Business Finland, successfully concluded SheSTEM 2024. This initiative, aimed at inspiring young innovators, celebrated the contributions of women in STEM fields and invited students from grades 6–12 across India to present innovative ideas on Battery Technology and Energy Storage (BEST) systems. The event was part of the India-Nordic BEST project, designed to foster sustainability through advancements in energy storage technologies.

Engagement with Youth and Innovation

The SheSTEM 2024 challenge encouraged students to create prototypes or concepts for energy storage solutions, submitted in a two-minute video format. Over 1,000 submissions were received, reflecting India’s youth’s creativity and problem-solving skills. These ideas showcased the future leaders of science, technology, and sustainability.

Collaboration for Global Impact

SheSTEM 2024 emphasized the power of collaboration in addressing global challenges. Swedish Ambassador to India, Jan Thesleff, highlighted the event’s role in inspiring the next generation of innovators, while Dr. Chintan Vaishnav, Mission Director of AIM, underscored the importance of involving students in solving pressing global issues like energy storage and sustainability.

A Platform for Future STEM Leaders

Beyond a competition, SheSTEM 2024 served as a platform for students to engage with critical STEM topics and contribute to global sustainability. AIM continues to support the development of young minds into future leaders, innovators, and creators, ensuring their active role in shaping a sustainable, technology-driven world.

AIM’s Role in Promoting Innovation

Atal Innovation Mission (AIM) remains committed to fostering a culture of innovation and entrepreneurship across India. With initiatives like SheSTEM 2024, AIM is playing a pivotal role in supporting young talent and advancing India’s innovation ecosystem.

Summary of the news

Why in News	Key Points
SheSTEM 2024 concluded by Atal Innovation Mission (AIM) and Swedish Embassy	1. SheSTEM 2024 was organized by AIM, Swedish Embassy, and Nordic partners.
	2. Focus of the challenge: Battery Technology and Energy Storage (BEST).
	3. Students from grades 6-12 participated, with over 1,000 submissions.
	4. SheSTEM is part of the India-Nordic BEST project for energy sustainability.
	5. Nordic partners: Innovation Norway, Innovation Centre Denmark, Business Finland.
Key Institutions Involved	1. Atal Innovation Mission (AIM): Under NITI Aayog.
	2. Embassy of Sweden: Partnered in organizing the event.
Notable Personalities	1. Jan Thesleff: Ambassador of Sweden to India.
	2. Dr. Chintan Vaishnav: Mission Director, Atal Innovation Mission.
Key Objectives	1. Foster innovation in STEM fields, particularly energy and sustainability.
	2. Encourage youth engagement in solving global challenges through STEM.
Outcome/Success	1. Successful engagement of young innovators in global sustainability.
Related Schemes and Initiatives	1. Atal Innovation Mission (AIM): Flagship initiative by the Government of India.
	2. Aimed at promoting a culture of innovation and entrepreneurship across India.

Which Country is Known as the Land of Opportunities?

Many countries around the world are known by special titles that reflect their unique qualities, culture, or achievements. These titles highlight what makes each nation stand out in history, geography, or global contributions. In this article, we will know about the country which is known as the “Land of Opportunities.”

Land of Opportunities

The United States is famously called the “Land of Opportunities.” This nickname reflects the country’s belief in providing everyone with the chance to succeed, regardless of their background. Let’s explore why the United States earned this title.

Why is United States Known as the Land of Opportunities?

The United States is called the “Land of Opportunities” because it offers a chance for everyone to succeed, no matter their background. With a welcoming culture, belief in hard work, and world-class education, it inspires people to pursue their dreams. The idea of the “American Dream” reflects hope for a better future through determination.

A History of Opportunities

The United States’ history is closely tied to its image as a place for fresh starts and new possibilities. From early settlers to modern-day immigrants, people have come to the country in search of freedom, wealth, and better lives.

A Welcoming Culture

The United States is known for its welcoming ethos. It values diversity and encourages people from all over the world to contribute to its growth. This openness has helped it become a global leader in many fields.

Belief in Socioeconomic Mobility

The phrase “Land of Opportunities” symbolizes the idea that anyone in the United States can rise from poverty to prosperity. This belief in socioeconomic mobility is a key part of the American Dream.