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Paris Olympics 2024 Medal Tally, India Medal Tally in Olympics

Paris Olympics 2024 Medal Tally

China’s Liu Yukun won a gold medal, helping China stay at the top of the medal table. France is in second place, and Japan is in third. This is the 33rd Summer Olympics. It started on Friday and will end on August 11. The Paris Olympics has 32 sports. These include 28 main sports, plus some newer ones like breakdancing, skateboarding, surfing, and sports climbing. India won its third medal in the Paris 2024 Olympics. Swapnil Kusale got a bronze medal in the men’s 50m rifle 3 positions event. This happened in Chateauroux on Thursday.

Paris Olympics 2024 Medal Tally (Full List)

China leads with the most gold medals (11), but the United States has the highest total medal count (31). The top 5 countries by gold medals are China, France, Japan, Australia, and the United States.

Rank Country Gold Silver Bronze Total
1 China 11 7 3 21
2 France 8 10 8 26
3 Japan 8 3 4 15
4 Australia 7 6 4 17
5 United States of America 6 13 12 31
6 Great Britain 6 7 7 20
7 South Korea 6 3 3 12
8 Italy 3 6 4 13
9 Canada 2 2 3 7
10 Germany 2 2 2 6
11 Netherlands 2 2 1 5
11 New Zealand 2 2 1 5
13 Romania 2 1 1 4
14 Hong Kong 2 0 2 4
15 Sweden 1 1 2 4
16 Georgia 1 1 0 2
17 Belgium 1 0 2 3
17 Ireland 1 0 2 3
17 Kazakhstan 1 0 2 3
17 South Africa 1 0 2 3
21 Croatia 1 0 1 2
21 Guatemala 1 0 1 2
23 Argentina 1 0 0 1
23 Azerbaijan 1 0 0 1
23 Ecuador 1 0 0 1
23 Serbia 1 0 0 1
23 Slovenia 1 0 0 1
23 Uzbekistan 1 0 0 1
29 Brazil 0 2 3 5
30 Hungary 0 2 1 3
31 North Korea 0 2 0 2
32 Poland 0 1 2 3
32 Spain 0 1 2 3
34 Kosovo 0 1 1 2
34 Mexico 0 1 1 2
34 Switzerland 0 1 1 2
34 Turkey 0 1 1 2
34 Ukraine 0 1 1 2
39 Fiji 0 1 0 1
39 Mongolia 0 1 0 1
39 Tunisia 0 1 0 1
42 India 0 0 3 3
43 Moldova 0 0 2 2
44 Austria 0 0 1 1
44 Egypt 0 0 1 1
44 Greece 0 0 1 1
44 Slovakia 0 0 1 1
44 Tajikistan 0 0 1 1

Updated 01-08-2024

Paris Olympics 2024 Medal Tally, India Medal Tally in Olympics_4.1

Aravindh Chithambaram Clinches Masters Title at Chennai Grandmasters 2024

GM Aravindh Chithambaram made a remarkable late surge in the final rounds, winning the last two classical games to secure the Chennai Grand Masters 2024 title. Meanwhile, GM V Pranav remained unbeaten throughout the tournament to claim the Challengers title at the Anna Centenary Library on 11th November, 2024.

Chennai Grand Masters 2024

Aravindh Chithambaram & V Pranav’s Victories

Tournament Overview

  • Event: Chennai Grand Masters 2024
  • Venue: Anna Centenary Library, Chennai
  • Date: Monday, November 11, 2024
  • Organized by: MGD1
  • Sponsored by: Sports Development Authority of Tamil Nadu
  • Categories: Masters & Challengers

Masters Category

  • Winner: GM Aravindh Chithambaram

Key Moments

  • Aravindh had a late surge, winning the last two classical rounds.
  • Final round results led to a three-way tie for first place.

Play-off Details

  • Aravindh defeated GM Levon Aronian in the first blitz play-off.
  • Held his nerve to draw the second blitz with black pieces.
  • Aravindh claimed the title in the second edition of the tournament.

Challengers Category

  • Winner: GM V Pranav

Key Moment

  • Remained unbeaten throughout the competition to win the title.

Tournament Format

Masters Category

  • Rating average: 2729
  • Presented a highly competitive field.

Challengers Category

  • Aimed to provide emerging Indian talent with opportunities to compete at a top-class level.

Path to Victory

Aravindh’s Key Wins

  • Defeated GM Arjun Erigaisi, ending his unbeaten streak.
  • Dominated the final round against GM Parham Maghsoodloo with black pieces.
  • Opted for Queen’s Gambit Declined and gained control after queens were traded.
  • Won in a knight-pawn ending, leading to a three-way tie at the top.
Summary/Static Details
Why in the news? Chennai Grand Masters 2024
Date November 11, 2024
Venue Anna Centenary Library, Chennai
Organizers MGD1, Sponsored by Sports Development Authority of Tamil Nadu
Categories Masters & Challengers
Masters Winner GM Aravindh Chithambaram
Challengers Winner GM V Pranav

Paris Olympics 2024 Medal Tally, India Medal Tally in Olympics_6.1

PM Modi’s Three-Nation Visit: G20 Summit in Brazil, Nigeria, and Guyana (Nov 16-21)

Prime Minister Narendra Modi is set to undertake a crucial three-nation tour from November 16-21, which will include attending the G20 Summit in Brazil, visiting Nigeria, and concluding with a state visit to Guyana. The trip holds significant diplomatic importance as it strengthens India’s strategic partnerships, enhances multilateral engagements, and continues India’s active role in global affairs.

G20 Summit in Brazil (Nov 18-19)

PM Modi will attend the G20 Summit in Rio De Janeiro, hosted by Brazilian President Luiz Inacio Lula Da Silva. India, as part of the G20 Troika along with Brazil and South Africa, will actively contribute to the discussions on global issues. Modi is expected to present India’s stance on key topics including debt, climate change, and gender equality. The summit follows India’s leadership in the G20 New Delhi Leaders’ Declaration and Voice of the Global South Summits.

PM’s Engagements on the Sidelines of the Summit

On the sidelines of the G20 Summit, PM Modi is likely to meet several global leaders. The summit will also be the last major international engagement for U.S. President Joe Biden before the upcoming U.S. elections, though no formal bilateral meeting between Biden and Modi has been announced yet.

Visit to Nigeria (Nov 16-17)

PM Modi will begin his tour with a visit to Nigeria, the first by an Indian Prime Minister in 17 years. During this visit, Modi will strengthen India-Nigeria relations, particularly in the areas of energy, defense, and economic collaboration. India and Nigeria have shared a strategic partnership since 2007, with Indian investments exceeding $27 billion. Modi will also address the Indian diaspora in Nigeria.

Guyana Visit (Nov 19-21)

The final leg of Modi’s trip will be a state visit to Guyana, where he will be the first Indian Prime Minister to visit since 1968. Modi will meet President Mohamed Irfaan Ali and other senior leaders to discuss bilateral ties and cooperation, particularly in the energy and development sectors. He will also participate in the Second CARICOM-India Summit, strengthening India’s engagement with Caribbean nations.

Expected Diplomatic Engagements

On the sidelines of the G20 summit, while there are no details yet on bilateral meetings, discussions are expected on issues like workers’ rights, economic growth, and multilateral cooperation on climate and debt. Additionally, with U.S. President Joe Biden attending, this summit will be a significant event for the global political landscape, given the ongoing geopolitical tensions.

list of  G20 Summits and key points

Year Location Host Country Key Highlights
2008 Washington, D.C. United States First G20 summit held in response to the global financial crisis.
2009 London United Kingdom Focused on addressing the global financial meltdown and economic recovery.
2010 Toronto Canada Focused on fiscal consolidation and combating global economic instability.
2011 Cannes France Discussion on global economic governance and Europe’s debt crisis.
2012 Los Cabos Mexico Focus on global economic recovery and addressing financial market issues.
2013 St. Petersburg Russia Focus on economic stability and long-term growth.
2014 Brisbane Australia Focused on economic reforms and promoting global growth.
2015 Antalya Turkey Discussions on climate change, terrorism, and the global economy.
2016 Hangzhou China Focus on promoting innovation-driven global growth and the digital economy.
2017 Hamburg Germany Discussions on climate change, trade, and global security.
2018 Buenos Aires Argentina Focus on global trade and sustainable development.
2019 Osaka Japan Focus on trade tensions, digital economy, and climate change.
2020 Virtual Saudi Arabia Held virtually due to the COVID-19 pandemic, focused on the global response to the pandemic.
2021 Rome Italy Focus on global economic recovery post-COVID-19 and climate change commitments.
2022 Nusa Dua, Bali Indonesia Focus on recovery from the pandemic, the impact of the Russia-Ukraine conflict, and climate issues.
2023 New Delhi India Focus on global economic stability, debt relief, and development issues.
2024 Rio de Janeiro Brazil Upcoming G20 summit, where PM Modi will attend, focusing on global issues like climate change, gender, and economic development.

Summeryof the News

Why in News Details
PM Modi’s 3-nation visit (Nov 16-21, 2024) PM Modi will visit Nigeria, Brazil, and Guyana as part of his diplomatic tour.
G20 Summit in Brazil (Nov 18-19, 2024) PM Modi will attend the summit in Rio de Janeiro, hosted by Brazil’s President Luiz Inácio Lula Da Silva.
India’s Role in G20 Troika India, along with Brazil and South Africa, is part of the G20 Troika, actively contributing to summit discussions.
First PM Visit to Nigeria in 17 Years PM Modi’s visit to Nigeria (Nov 16-17) is the first by an Indian PM in 17 years, focusing on strengthening strategic ties.
India-Nigeria Strategic Partnership India and Nigeria have a partnership since 2007, with over 200 Indian companies investing $27 billion in Nigeria.
First PM Visit to Guyana since 1968 PM Modi will visit Guyana (Nov 19-21) for the first time since 1968, strengthening bilateral ties and participating in CARICOM-India Summit.
Brazil President Luiz Inácio Lula Da Silva, President of Brazil, hosting the G20 summit.
Nigeria President Bola Ahmed Tinubu, President of Nigeria, invited PM Modi for the visit.
Guyana President Mohamed Irfaan Ali, President of Guyana, invited PM Modi for the visit.
G20 Summit Outcomes PM Modi will focus on global issues like climate change, debt, and gender during the summit discussions.
CARICOM-India Summit PM Modi will participate in the Second CARICOM-India Summit during his visit to Guyana.

Paris Olympics 2024 Medal Tally, India Medal Tally in Olympics_8.1

New Bike Taxi Service by Delhi Metro Includes Women-Driven Rides

Delhi Metro has introduced a new bike taxi service, available for booking through the official Delhi Metro app, DMRC Momentum (Delhi Sarthi 2.0). Launched on November 11, 2024, in partnership with First And Last Mile Connectivity India Pvt. Ltd., the service also includes a dedicated bike taxi option for women, enhancing commuter convenience and safety.

Key Points

  • Launch Date: November 11, 2024.
  • Service Partner: Delhi Metro Rail Corporation (DMRC) partnered with First And Last Mile Connectivity India Pvt. Ltd.
  • Platform: Bike taxi service available through the official DMRC app, DMRC Momentum (Delhi Sarthi 2.0).

Service Types

  • SHERYDS: Women-driven bike taxi service tailored for female commuters.
  • RYDR: General bike taxi service for all passengers.

Key Features of the Service

SHERYDS

  • Exclusively for women, with verified women drivers.
    • Provides a safer and independent travel option for women.
    • Utilizes electric bikes, ensuring eco-friendliness.
    • GPS tracking for safety and convenience.
  • Affordable pricing starting from ₹10 (₹10 per km for first 2 km, ₹8 per km afterward).
  • Aims to offer employment opportunities for women drivers, enhancing their economic independence.

RYDR

  • Available to all metro passengers.
  • Focuses on optimizing routes for faster and more efficient rides.
  • Keeps riders within a specified radius to ensure safety and reduce travel time.

Operational Details

Availability

The service is available at 12 metro stations, including,

  • Dwarka Sec-21, Dwarka Sec-10, Dwarka Sec-14, Dwarka Mor, Janakpuri West, Uttam Nagar East, Rajouri Garden, Subhash Nagar, Kirti Nagar, Karol Bagh, Millennium City Centre Gurugram, and Palam.

Service Hours

  • 8 AM to 9 PM, with 50 SHERYDS and 150 RYDR bikes operating within a 3 to 5 km radius.

Expansion Plans

  • DMRC aims to expand the service to over 100 stations within a month and plans to involve 1000 riders over the next three months.

Objectives

  • Safety: Enhance the safety of women commuters by providing a dedicated women-driven taxi service.
  • Eco-friendly Transportation: Encourage the use of electric bikes, reducing the environmental impact.
  • Economic Empowerment: Offer women employment opportunities, contributing to their economic empowerment.
  • Convenience: Provide a seamless bike taxi service that can be booked directly from the DMRC app, minimizing the need for multiple apps.

Summary/Static Details
Why in the news? Delhi Metro launches bike taxi service
Launch Date November 11, 2024
App DMRC Momentum (Delhi Sarthi 2.0)
Service Types SHERYDS (Women-only) and RYDR (General service)
Electric Bikes Yes, for eco-friendly transportation
Booking Through DMRC app
Service Hours 8 AM to 9 PM
Service Areas 12 stations, including Dwarka, Karol Bagh, Gurugram
SHERYDS Features Women-driven, verified drivers, GPS tracking, ₹10+ pricing
RYDR Features General service, optimized routes, safe travel radius
Future Plans Expand to 100 stations in a month, 1000 riders in 3 months
Goals Safety, eco-friendliness, economic empowerment, convenience

Paris Olympics 2024 Medal Tally, India Medal Tally in Olympics_6.1

Consumer Price Index (CPI) for October 2024: Key Highlights

All India CPI (General): The inflation rate for October 2024 is 6.21%, with rural areas seeing a higher inflation of 6.68%, compared to 5.62% in urban areas.

Consumer Food Price Index (CFPI): The inflation rate for food items stands at 10.87% for October 2024, with rural inflation at 10.69% and urban inflation at 11.09%.

Sectoral Inflation Trends

  • Housing Inflation: The year-on-year inflation for housing is 2.81% in October 2024, up from 2.72% in September 2024. This index is compiled only for the urban sector.
  • Electricity Inflation: The electricity index for October 2024 is 162.5, with an inflation rate of 5.45%. The corresponding figure for September 2024 was 162.4 with a 5.39% inflation rate.

Food-Related Inflation

  • A significant decline in inflation was observed in subgroups such as pulses, eggs, sugar, confectionery, and spices. However, high food inflation continues, particularly due to rising costs of vegetables, fruits, and oils/fats.

Detailed CPI and CFPI Data: October 2024 vs. October 2023

Category Rural Inflation (%) Urban Inflation (%) Combined Inflation (%)
CPI (General) 6.68% 5.62% 6.21%
CFPI 10.69% 11.09% 10.87%

Monthly Changes in October 2024 (vs. September 2024)

Category Rural CPI (General) Urban CPI (General) Combined CPI (General)
Index 199.5 193.7 196.8
Monthly Change (%) 1.42% 1.20% 1.34%
Category Rural CFPI Urban CFPI Combined CFPI
Index 208.2 216.3 211.1
Monthly Change (%) 2.56% 2.56% 2.58%

Sector-Specific CPI and CFPI Data: October 2024 (Provisional)

Sub-group Inflation Rate (%) – Rural Inflation Rate (%) – Urban Inflation Rate (%) – Combined
Cereals & Products 7.27% 6.19% 6.94%
Vegetables 41.94% 42.63% 42.18%
Pulses & Products 7.61% 7.05% 7.43%
Milk & Products 2.81% 3.13% 2.97%
Oils & Fats 10.91% 7.07% 9.51%

Summery of the News

Why in News Key Points
Inflation Data for India (October 2024) – CPI (Consumer Price Index) inflation: 6.21% (YoY) for India in October 2024.
– Rural CPI inflation: 6.68%.
– Urban CPI inflation: 5.62%.
– Food inflation: 10.87% based on the Consumer Food Price Index (CFPI).
– Vegetables saw the highest inflation, followed by oils and fruits.
– Pulses and eggs saw a decline in inflation.
State-wise Inflation – Rural inflation higher than urban inflation due to food prices and regional differences.
Key Consumer Categories Affected – Food products: Vegetables, fruits, and oils saw the highest inflation.
– Housing: 2.81% inflation.
– Electricity: 5.45% inflation.
Economic Indicators – CPI Urban (October 2024) increased by 1.20% MoM from September 2024.
Static Information (CPI Definition) – CPI measures the average change over time in the prices paid by urban consumers for a basket of goods and services.
Consumer Food Price Index (CFPI) – A subset of the CPI, measures food inflation, with a current rate of 10.87% in October 2024.
Key Government Schemes Mentioned – Inflation Relief: No specific scheme mentioned in the article, but inflation relief measures are typically part of economic policy.
Impacts on Urban vs. Rural Areas – Urban inflation is generally less affected by food prices than rural areas, which are more dependent on agricultural products.

Paris Olympics 2024 Medal Tally, India Medal Tally in Olympics_8.1

Which Country is Known as the Island Country?

An island country is a nation that is entirely surrounded by water, with no land borders with other countries. These countries are unique due to their geographic isolation, distinct ecosystems, and cultures. They are often surrounded by oceans or seas, making them popular tourist destinations. One of the most famous island countries in the world is Japan.

Which Country is Known as the Island Country?

Sri Lanka is a beautiful island country located in the Indian Ocean. It is separated from the Indian subcontinent by the Gulf of Mannar and the Palk Strait. This location makes it unique as it does not share any land borders with other countries. However, it does have maritime borders with India and the Maldives.

Why Sri Lanka is Known as the Island Country?

Sri Lanka is considered an island country because it is surrounded by water on all sides. This island nation is located in the Indian Ocean and is situated just southeast of India. The Gulf of Mannar and the Palk Strait separate Sri Lanka from the mainland, making it independent from any land connections.

Importance of Sri Lanka’s Location

The location of Sri Lanka has been very important for centuries. Its position in the Indian Ocean has made it a key trading hub for many ancient and modern trade routes. Throughout history, many traders and travelers from different parts of the world have visited Sri Lanka, making it an essential part of global trade and cultural exchange.

Other Names of Sri Lanka

Sri Lanka has been known by several different names throughout history:

  • Ceylon: This was Sri Lanka’s former name and is still sometimes used, especially for trade.
  • Taprobane: Ancient Greek geographers used this name when referring to Sri Lanka.
  • Serendib: This is the name used by Arab traders and travelers.
  • India’s Teardrop: This nickname comes from its shape and location just off the southeastern coast of India.

Paris Olympics 2024 Medal Tally, India Medal Tally in Olympics_6.1

India’s Industrial Output Grows 3.1% in September 2024

India’s industrial production recorded a growth of 3.1% in September 2024, marking a significant rebound from the 0.1% contraction in August. This growth is attributed to a strong performance in manufacturing, alongside modest increases in electricity generation and mining. However, compared to the same month last year, the growth rate has slowed from 6.4% in September 2023, indicating a more tempered industrial recovery.

Key Sectoral Growth

Manufacturing: The manufacturing sector rose by 3.9% in September 2024, contributing significantly to the overall growth. Notable sub-sectors driving this growth include the manufacture of coke and refined petroleum products (5.3%), basic metals (2.5%), and electrical equipment (18.7%).

Electricity Generation: A modest 0.5% increase in electricity generation was reported, showing stable demand in the energy sector.

Mining: Mining activity saw a slight increase of 0.2%, continuing its slow but steady recovery.

Growth Breakdown by Use-Based Classification

Primary Goods: Growth stood at 1.8%, reaching an index of 141.3.

Capital Goods: A growth of 2.8% was recorded, with the index at 115.8.

Intermediate Goods: Leading the charge, this category posted a 4.2% increase, reflecting robust demand in production inputs.

Infrastructure/Construction Goods: A healthy 3.3% growth was seen, suggesting continued activity in infrastructure development.

Consumer Durables: Consumer durables grew by 6.5%, signaling strong consumer demand.

Consumer Non-Durables: This category increased by 2%, contributing to the overall positive trend.

September 2024 IIP Indices

  • Manufacturing: 147.0
  • Mining: 111.7
  • Electricity: 206.9

Comparison with Previous Data

IIP Growth: The IIP growth in the April-September period of 2024 is 4%, lower than the revised 6.2% in the same period last year.

Past Trends: In September 2023, industrial growth was at a robust 6.4%, which has now slowed to 3.1%, reflecting a more cautious industrial environment.

Summery of the News

Why in News Key Points
India’s Industrial Production Growth in September 2024 – India’s IIP (Index of Industrial Production) grew by 3.1% in September 2024.
– This marked a recovery from the 0.1% contraction in August 2024.
– Manufacturing led with a 3.9% increase in output.
– Electricity generation rose by 0.5%, and mining activity grew by 0.2%.
Sectoral Growth (September 2024) – Manufacturing: 3.9% growth.
– Electricity: 0.5% growth.
– Mining: 0.2% growth.
Use-based Classification Growth (September 2024) – Primary goods: 1.8% growth.
– Capital goods: 2.8% growth.
– Intermediate goods: 4.2% growth.
– Infrastructure goods: 3.3% growth.
– Consumer durables: 6.5% growth.
– Consumer non-durables: 2% growth.
IIP Indices for Key Sectors (September 2024) – Manufacturing: 147.0
– Mining: 111.7
– Electricity: 206.9
Key Contributors to Manufacturing Growth (Sept 2024) – Coke and refined petroleum products: 5.3% growth.
– Basic metals: 2.5% growth.
– Electrical equipment: 18.7% growth.
IIP Growth in April-September 2024 – Overall IIP growth: 4.0% (lower than 6.2% in the same period of 2023).
Previous Year Comparison – IIP growth in September 2023 was 6.4%.

Paris Olympics 2024 Medal Tally, India Medal Tally in Olympics_8.1

SATRC 25th Edition Begins, Inaugurated by Minister Scindia

India’s Minister for Communications, Jyotiraditya M. Scindia, inaugurated the 25th Meeting of the South Asian Telecommunication Regulators’ Council (SATRC-25) in New Delhi. In his keynote address, Scindia highlighted India’s role as the “Voice of the Global South” and emphasized that SATRC-25 would be a vital platform for knowledge-sharing and innovative discussions on new policy and regulatory challenges.

Inauguration and Keynote

  • Inaugurated by India’s Minister for Communications, Jyotiraditya M. Scindia, in New Delhi.
  • Scindia emphasized India’s emerging role as the “Voice of the Global South” and highlighted SATRC-25 as a platform for sharing knowledge and perspectives on regulatory challenges.
  • Urged regulatory bodies to create policies focused on a “secure, safe and standards-driven future.”

Participants and Dignitaries

Attendees included Heads of Regulators and affiliate members from SATRC member countries,

  • Afghanistan, Bangladesh, Bhutan, India, Iran, Maldives, Nepal, Pakistan, and Sri Lanka.

Other dignitaries

  • Dr. Chandra Sekhar Pemmasani, Minister of State for Communications and Rural Development.
  • Masanori Kondo, Secretary General of the Asia-Pacific Telecommunity (APT).
  • Major General (Retd.) Mohammad Emdad Ul Bari, Chairman of the Bangladesh Telecommunication Regulatory Commission.
  • Anil Kumar Lahoti, Chairman of TRAI.
  • Atul Kumar Choudhary, Secretary of TRAI.

India’s Digital Transformation

  • Scindia underscored India’s growth in digital infrastructure with 1.2 billion telephones and 970 million internet users.
  • India’s digital economy has expanded from 3.5% to 10% of the national economy in the last decade and is expected to reach 20% by 2026-27.
  • Called for collaboration among SATRC nations on issues like digital inclusivity, sustainable network infrastructure, and consumer protection.

South Asia’s Role in Global ICT

  • Emphasized the region’s importance in global ICT development and the need for regulations that foster innovation and inclusivity.
  • Highlighted the transformative potential of Non-Terrestrial Networks (NTNs) in extending telecom coverage to remote areas.

Event Focus and Objectives

  • Organized by the Asia-Pacific Telecommunity (APT) and hosted by the Telecom Regulatory Authority of India (TRAI).
  • A three-day event (11-13 November 2024) bringing together regional experts, international delegates, and industry representatives.
  • Key agenda items include radio frequency coordination, telecommunication strategies, regulatory trends, and international telecom affairs.

Summary/Static Details
Why in the news? 25th Meeting of the South Asian Telecommunication Regulators’ Council (SATRC-25)
Inauguration Inaugurated by Minister for Communications, Jyotiraditya M. Scindia, in New Delhi
Keynote Highlights by Scindia Emphasized India’s role as “Voice of the Global South” and called for collaborative, secure, and standards-driven telecom policies
India’s Digital Growth 1.2 billion telephones, 970 million internet users; digital economy growing rapidly (projected to reach 20% by 2026-27)
Focus Areas Digital inclusivity, sustainable infrastructure, consumer protection, innovation in regulation
Objectives and Discussions Knowledge sharing, regional cooperation, and policy harmonization for sustainable growth
Event Details Organized by Asia-Pacific Telecommunity (APT) and hosted by the Telecom Regulatory Authority of India (TRAI).; runs from November 11-13, 2024

Paris Olympics 2024 Medal Tally, India Medal Tally in Olympics_6.1

Power Ministers’ Conference 2024: Advancing India’s Energy Future

On November 12, 2024, the Union Minister for Power, Shri Manohar Lal, chaired the Conference of Power Ministers of States and Union Territories in New Delhi, aimed at addressing key issues in the power sector. The conference focused on operational performance, financial health of DISCOMs, and the integration of renewable energy. In addition to the Union Minister, the event was attended by the Minister of State for Power, Shri Shripad Yesso Naik, as well as representatives from multiple states, including the Chief Minister of Jammu & Kashmir, three Deputy Chief Ministers, and 12 Power Ministers.

Key Deliberations and Updates

The conference saw detailed discussions on improving the financial viability of DISCOMs, the implementation of Smart Metering, and the progress of flagship schemes such as PM-Surya Ghar Yojana. Key issues such as resource adequacy, energy storage, and the promotion of electric vehicle (EV) infrastructure were also highlighted.

Financial Health of DISCOMs

The financial gap of Distribution Companies (DISCOMs) improved significantly, with the ACS-ARR gap reducing from Rs. 0.45/kWh in FY 2022-23 to Rs. 0.21/kWh in FY 2023-24. The Union Minister urged states to ensure timely payments and reduce DISCOM debts. States were encouraged to set up centralized mechanisms for government dues and implement prepaid smart meters by March 2025.

Technological Innovations and Powerthon

The launch of Powerthon Phase-II was a key highlight, focusing on integrating AI-driven solutions to address DISCOM challenges. The initiative will support up to Rs. 37 crore in financial assistance for developing 40 innovative technological solutions to improve operational efficiency.

Renewable Energy and Infrastructure

With a sharp focus on sustainability, states were urged to align with India’s target of achieving 500 GW of non-fossil fuel power by 2030. The need for optimizing renewable energy integration, such as through pumped storage projects (PSPs) and battery energy storage systems (BESS), was emphasized to meet peak demands and improve grid stability.

Arunachal Pradesh’s Energy Progress

Deputy Chief Minister of Arunachal Pradesh, Chowna Mein, highlighted the state’s advancements in the energy sector, including improved financial health of DISCOMs and the ongoing developments in hydropower, such as the Subansiri and Dibang projects. The state’s commitment to contributing to India’s renewable energy targets was underscored, particularly in the areas of solar electrification and EV infrastructure.

Summery  of the News

Why in News Key Points
Power Ministers’ Conference 2024 held in New Delhi. Conference chaired by Union Minister Shri Manohar Lal (Minister of Power and Housing & Urban Affairs).
Key Attendees Ministers from 12 states, including Deputy Chief Ministers of Assam & Madhya Pradesh.
Financial Health of DISCOMs Improvement in ACS-ARR gap from Rs. 0.45/kWh (FY 2022-23) to Rs. 0.21/kWh (FY 2023-24).
Smart Metering Initiative States like Madhya Pradesh and Assam presented best practices in smart metering.
Powerthon Phase-II Launched with Rs. 37 Cr support to incubate 40 AI-based solutions to address DISCOM issues.
Renewable Energy Target India aims for 500 GW of non-fossil fuel power by 2030.
Arunachal Pradesh’s Energy Plans Projected 4.98% increase in energy demand for FY 2024-25, with plans for 634 MW capacity addition.
Hydropower Potential of Arunachal Pradesh State’s hydropower potential: 58,000 MW; major projects like Subansiri (2,000 MW) and Dibang (2,880 MW).
Power Infrastructure & EV Charging Focus on rural electrification through solar power and EV charging infrastructure in Arunachal Pradesh.
Nuclear Power Growth Projected increase in nuclear capacity from 8 GW to 20 GW by 2032.
Energy Storage & Pumped Storage States encouraged to focus on Battery Energy Storage Systems (BESS) and Pumped Storage Projects (PSPs).
Resource Adequacy Plan States to ensure capacity planning as per Resource Adequacy to meet growing power demand.
Grid Expansion & Green Energy Corridors Identified need for expansion of Green Energy Corridors to evacuate renewable energy.
Cybersecurity in Power Sector Emphasis on cybersecurity and use of technology for power sector improvements.
National Green Hydrogen Mission Mentioned as part of the discussion for energy diversification.

Paris Olympics 2024 Medal Tally, India Medal Tally in Olympics_8.1

PSBs Post Strong H1 FY25 Growth, Driven by Reforms and Technology

Public Sector Banks (PSBs) have shown a strong performance in the first half of FY 2024-25, with an 11% year-on-year (Y-o-Y) growth in aggregate business, reaching Rs 236 trillion. This growth has been driven by significant reforms, technological advancements, and a focus on improving governance and credit discipline.

Net profit saw an impressive 25.6% jump, reaching Rs 85,520 crore, while operating profit grew by 14.4%. The improvements in key financial metrics highlight the success of measures like the Insolvency and Bankruptcy Code (IBC), enhanced customer services, and technology adoption, all of which have contributed to the overall stability of the banking sector.

Key Performance Highlights

  • Business Growth: 11% Y-o-Y growth to Rs 236 trillion.
  • Operating Profit: Increased by 14.4% Y-o-Y, totaling Rs 1.5 trillion.
  • Net Profit: Grew by 25.6%, reaching Rs 85,520 crore.

Credit and Deposit Portfolio

  • Global Credit Portfolio: Increased by 12.9% Y-o-Y to Rs 102.29 trillion.
  • Deposit Portfolio: Rose by 9.5% Y-o-Y to Rs 133.75 trillion.

NPA & Capital Ratios

  • Gross NPA: Reduced to 3.12%, down by 108 bps Y-o-Y.
  • Net NPA: Declined to 0.63%, down by 34 bps Y-o-Y.
  • CRAR: 15.43% as of September 2024, well above the regulatory requirement of 11.5%.

Technological Advancements

PSBs have embraced technologies such as AI, cloud, and blockchain to enhance digital infrastructure and improve customer services. These efforts have also included a focus on cybersecurity and digitizing banking services.

Future Outlook

PSBs are also focusing on regulatory compliance, with the latest step being the implementation of re-KYC for Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders, with the use of technologies like fingerprints and face recognition.

Summery of the News

Why in News Key Points
PSBs report strong growth in FY 2024-25 (H1) – PSBs’ aggregate business grew by 11% Y-o-Y to Rs 236 trillion.
– Net profit increased by 25.6% to Rs 85,520 crore.
– Operating profit grew by 14.4% Y-o-Y to Rs 1.5 trillion.
– Global credit portfolio grew by 12.9% Y-o-Y to Rs 102.29 trillion.
– Deposit portfolio grew by 9.5% Y-o-Y to Rs 133.75 trillion.
– Gross NPA ratio decreased by 108 bps to 3.12%.
– Net NPA ratio declined by 34 bps to 0.63%.
– CRAR stood at 15.43%, above the regulatory requirement of 11.5%.
PSBs technological adoption and reforms – PSBs adopted AI, cloud, blockchain, and upgraded digital infrastructure.
– Measures like EASE and IBC have improved credit discipline and governance.
– Regular monitoring of governance and financial health systems.
Pradhan Mantri Jan Dhan Yojana (PMJDY) re-KYC initiative – Re-KYC process launched for PMJDY account holders.
– Methods like fingerprints, face recognition, and digital channels being used.
List of 12 PSBs in India – State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BOB), Indian Overseas Bank (IOB), UCO Bank.
Key Reforms in PSBs – Insolvency and Bankruptcy Code (IBC), National Asset Reconstruction Company Ltd. (NARCL), PSB amalgamations.

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British Writer Samantha Harvey Wins Booker Prize for Fiction with “Orbital”

British author Samantha Harvey has won the prestigious Booker Prize for Fiction for her novel “Orbital,” a thought-provoking and imaginative exploration set in the unique setting of the International Space Station (ISS). The novel, which Harvey refers to as a “space pastoral,” delves into the fragility of Earth and the profound connection humans have with their planet, using the perspective of astronauts in orbit.

Overview of the Book:

“Orbital” takes readers into the confined space of the ISS, where six astronauts, each with their own distinct background, experience 16 sunrises and sunsets over the course of a single day. Trapped in each other’s company, these astronauts are constantly transfixed by the ever-changing view of the Earth below. The novel reflects on the paradox of space—where the vastness of the universe makes Earth seem fragile and interconnected. As the astronauts observe Earth from space, they grapple with their isolation, both physical and emotional, while simultaneously being drawn to the planet’s beauty and vulnerability.

Harvey, who wrote “Orbital” during the COVID-19 pandemic lockdown, was deeply inspired by the sense of confinement and introspection brought on by the global crisis. She researched the novel by reading books by astronauts and watching live camera feeds from the ISS, absorbing the images and perspectives that would inform her writing.

Themes and Reflections on Earth’s Fragility:

While “Orbital” is not explicitly about climate change, Harvey implies the significance of the environmental changes that humans have wrought upon Earth. The novel suggests that what happens to the planet happens to us as well, echoing the statement, “What we do to the Earth we do to ourselves.” This line encapsulates the novel’s deeper message, urging readers to reflect on the impact of human actions on the planet’s fragile ecosystem. Harvey dedicated the Booker Prize to all those who advocate for the Earth and work towards peace and human dignity.

In an interview, Harvey explained that looking at Earth from space is like a child gazing into a mirror for the first time and realizing that the person in the reflection is themselves. The astronauts aboard the ISS experience this deep, emotional recognition of the interconnectedness of all life on Earth—a poignant moment that connects them to the very planet they are tasked to protect.

The Booker Prize and Harvey’s Achievement:

The Booker Prize, one of the most prestigious awards in the literary world, was awarded to Harvey with a £50,000 prize. This marks a significant achievement for Harvey, who is the first British writer to win the Booker since 2020. The Booker Prize is known for transforming the careers of writers, and Harvey’s win is expected to propel her into the literary spotlight.

Harvey’s previous works include four novels and a memoir about insomnia, but it is “Orbital” that has brought her widespread recognition. The novel, which spans only 136 pages in its UK paperback edition, is one of the shortest Booker-winning novels in history. Despite its brevity, the novel is lauded for its “crystalline writing” and the “capaciousness” of its narrative. Edmund de Waal, the chair of the five-member Booker Prize judging panel, praised Harvey for her ability to make the world feel both strange and new through her words. The novel’s brevity and depth have led de Waal to describe it as a work that “rewards slow reading.”

Judges’ Decision and the Finalists:

Harvey’s win came after a rigorous selection process in which the judges deliberated for a full day before arriving at their decision. She was chosen from a pool of six finalists, all of whom were competing for the coveted prize. The other finalists included notable works such as “James” by Percival Everett, a reimagining of Mark Twain’s Huckleberry Finn from the perspective of the enslaved character Jim, and “Creation Lake” by Rachel Kushner, a spy novel. Also shortlisted were Anne Michaels’ poetic novel “Held”, Charlotte Wood’s Australian saga “Stone Yard Devotional”, and “The Safekeep” by Yael van der Wouden, the first Dutch author to be shortlisted for the Booker Prize.

Harvey is also the first female Booker winner since 2019, and one of five women on the shortlist, marking the largest number of women ever nominated in the 55-year history of the prize. However, Edmund de Waal emphasized that gender and nationality were not factors in the decision-making process. The judges focused purely on the quality and merit of the novel.

Harvey’s Reaction to the Win:

Harvey’s reaction to her win was one of surprise and gratitude. Despite the overwhelming nature of the recognition, she remained grounded about the impact of the £50,000 prize money. She mentioned that she planned to spend some of it on taxes and would also buy a new bike, with the remainder dedicated to a trip to Japan. In an emotional moment, she expressed her dedication of the award to those who speak for peace and the preservation of the Earth, emphasizing her commitment to the novel’s themes.

News Summary

Heading Details
Why in News British writer Samantha Harvey won the Booker Prize for Fiction for her novel “Orbital”, a short novel set in space that reflects on Earth’s fragility.
Awards Booker Prize for Fiction
Edition 2023
By Whom Awarded by the Booker Prize Foundation, a UK-based organisation.
To Whom Samantha Harvey for her novel “Orbital”
Year 2023
Last Winner Paul Lynch, an Irish writer, won the Booker Prize in 2022 for his novel “Prophet Song”.
If International, Any Indian Winner in Past The Booker Prize is open to English-language writers of any nationality. Indian Winners: Salman Rushdie (1981), Arundhati Roy (1997), Kiran Desai (2006), Aravind Adiga (2008), Yann Martel (2002) (for Life of Pi)
Amount £50,000 (approximately $64,000) for the winner.
Organisation Facts The Booker Prize is a literary award presented annually for the best original novel written in English and published in the UK or Ireland.
Eligibility of Award to be Given The award is given to novels written in English and published in the UK or Ireland. It is open to any nationality.
From Which Year It Is Given The Booker Prize has been awarded since 1969.

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