ICICI Bank, Times Internet Launch Premium Metal Credit Card

ICICI Bank and Times Internet have launched the ‘Times Black ICICI Bank Credit Card,’ a super-premium co-branded card aimed at high-net-worth individuals (HNIs) in India. The card combines exclusive benefits, luxury services, and a unique design, marking a step toward redefining luxury for India’s affluent customer segment. Powered by Visa, the card provides a range of perks that cater to the sophisticated lifestyle of professionals and wealthy individuals.

Key Features and Benefits of the Times Black ICICI Bank Credit Card

Target Audience

High-net-worth individuals (HNIs), professionals, and affluent customers.

Card Design

Unique metallic design featuring historic printing plates from The Times of India, symbolizing tradition and innovation.

Exclusive Benefits

Unlimited access to over 1,300 global airport lounges.
Visa services at home for added convenience.
Access to ‘The Quorum Club,’ an exclusive space for premium members.

Rewards Program

International Spending: 2.5% reward points on international transactions.
Domestic Spending: 2% reward points on domestic transactions.

Milestone Rewards

Helicopter rides.
Airport transfers.
Complimentary stays at luxury resorts.
₹10,000 e-commerce gift card.

Collaboration Highlights

ICICI Bank: Executive Director Rakesh Jha emphasized the bank’s customer-centric approach.
Times Internet: Satyan Gajwani noted the card’s aim to redefine luxury for India’s affluent segment.
Visa: Sandeep Ghosh stated that the card leverages global payments expertise and insights into consumer behavior, targeting India’s influential class.

Application Process

Available for application via the official website and ICICI Bank branches.
Targeted Benefits
Designed to appeal to professionals and high-income individuals who seek premium financial services and rewards.

Summary/Static	Details
Why in the news?	ICICI Bank, Times Internet Launch Premium Metal Credit Card
Card Name	Times Black ICICI Bank Credit Card
Target Audience	High-net-worth individuals (HNIs), professionals, affluent customers
Card Design	Metallic card with historic printing plates from The Times of India
Rewards on Spending	– 2.5% on international spending – 2% on domestic transactions
Exclusive Benefits	– Unlimited lounge access (1,300+ global airports) – Visa services at home – Access to ‘The Quorum Club’
Milestone Rewards	– Helicopter rides – Airport transfers – Luxury resort stays – ₹10,000 e-commerce gift card
Collaboration Highlights	– ICICI Bank: Customer-centric approach – Times Internet: Redefining luxury for affluent India – Visa: Combining global expertise and consumer insights
Application Process	Available through the website and ICICI Bank branches
Targeted Benefits	Premium services for professionals and high-income individuals seeking luxury financial experiences

RBI Fines Manappuram Finance and IndusInd Bank for Non-Compliance

Reserve Bank of India (RBI) imposed penalties on IndusInd Bank and Manappuram Finance for failing to adhere to regulatory norms. The fines, amounting to Rs 27.3 lakh for IndusInd Bank and Rs 20 lakh for Manappuram Finance, were imposed following statutory inspections of both companies. These inspections reviewed their financial positions as of March 31, 2023, uncovering violations in compliance with RBI’s regulatory directions.

Key Points of the Penalties

RBI Penalty Imposed on IndusInd Bank

Amount: Rs 27.3 lakh
Violation: Opening of savings deposit accounts in the names of ineligible entities.
Reason for Penalty: The penalty was imposed based on deficiencies in regulatory compliance.
It does not imply invalidity of transactions or agreements made by the bank with customers.

RBI Penalty Imposed on Manappuram Finance

Amount: Rs 20 lakh
Violation,
Failure to verify customers’ PAN during customer acceptance.
Allotting multiple Identification Codes to some customers instead of assigning a Unique Customer Identification Code (UCIC) for each individual.

RBI’s Process for Imposing Penalties

Statutory Inspection

The RBI conducted inspections based on the financial positions of both institutions as of March 31, 2023.

Non-Compliance Identified

The findings indicated non-compliance with the RBI’s regulatory norms, specifically concerning customer identification and account management.

Show Cause Notice

A notice was issued to both companies by the RBI, requesting them to explain why penalties should not be imposed for their non-compliance with regulations.

Consideration of Responses

The RBI considered the companies’ replies, additional submissions, and oral representations made during personal hearings.

Decision

After reviewing the details, the RBI sustained the charge against IndusInd Bank concerning the opening of accounts for ineligible entities, leading to the monetary penalty.

Significance of the RBI’s Action

Strengthening Regulatory Compliance

The penalties underline the RBI’s commitment to enforcing strict adherence to its regulatory guidelines, particularly in areas related to customer identification and account management.

Implications for Financial Institutions

The RBI’s actions serve as a reminder for all financial institutions to ensure full compliance with regulations, particularly in matters involving customer identification and eligibility for banking services.

A Step Towards Accountability

The penalties reflect RBI’s proactive approach to ensuring accountability and transparency in the financial services sector, safeguarding customer interests and maintaining the integrity of the banking system.

Summary/Static	Details
Why in the news?	RBI Fines Manappuram Finance and IndusInd Bank for Non-Compliance
Penalty Amount	IndusInd Bank: Rs 27.3 lakh, Manappuram Finance: Rs 20 lakh
Violation	IndusInd Bank: Opening accounts for ineligible entities Manappuram Finance: Failure to verify customer PAN and allot UCIC
RBI Inspection Period	As of March 31, 2023
Reason for Penalty	IndusInd Bank: Regulatory compliance deficiencies in account opening Manappuram Finance: Non-compliance with customer verification norms
Action Taken by RBI	Penalties imposed after considering responses and personal hearing
Key Outcome	IndusInd Bank: Penalty for ineligible account opening, does not affect transaction validity Manappuram Finance: Penalty for improper PAN verification and UCIC allotment

CCI Approves UltraTech’s ₹3,954 Cr India Cements Deal

UltraTech Cement, a flagship company of the Aditya Birla Group, has secured approval from the Competition Commission of India (CCI) for its ₹3,954-crore acquisition of India Cements Ltd (ICL). This acquisition marks a strategic move by UltraTech to strengthen its position in the southern cement market, particularly in Tamil Nadu. The deal, involving a significant stake acquisition and an open offer, aligns with UltraTech’s ambitious growth strategy to enhance its installed capacity and achieve global leadership in the cement industry.

Key Highlights of the Acquisition

Details of the Deal

Approval Date: December 20, 2024.

Value: ₹3,954 crore for a 32.72% stake.

Stake Acquisition

Promoters and Associates: 28.42% from N Srinivasan, Chitra Srinivasan, Rupa Gurunath, and SK Asokh Baalaje.
Sri Saradha Logistics: 4.30% stake.
Share Purchase Price: ₹390 per share.

Open Offer

Mandated by SEBI: Following the acquisition of over 55% stake.

Offer Details

Shares: Up to 8.05 crore equity shares.
Price: ₹390 per share (4.1% premium to ICL’s closing price of ₹374.60 on December 13, 2024).
Total Cost: ₹3,142.35 crore (if fully subscribed).

Strategic Rationale

Market Focus: Strengthen foothold in the competitive southern cement market, especially Tamil Nadu.
Industry Positioning: Aligns with UltraTech’s goal to expand its installed capacity from 154.86 million tonnes per annum (MTPA) to 200 MTPA, solidifying its position as a global cement leader.

Legal and Advisory Support

Advisor: J. Sagar Associates (JSA), Advocates & Solicitors, provided legal and regulatory advisory services to UltraTech Cement.

Share Market Reaction

ICL Share Price: The offer price of ₹390 per share reflects a premium over its recent market price of ₹374.60.
UltraTech Share Price: Closed at ₹11,433.70 on December 20, down by ₹241.15 (2.07%) on the BSE.

Significance of the Deal

Industry Turnaround: Comes at a critical time when the cement industry anticipates recovery and growth.
Capacity Leadership: Positions UltraTech Cement as a dominant player in India’s southern market.
Growth Ambitions: A step toward achieving UltraTech’s target of becoming one of the world’s largest cement companies.

Summary/Static	Details
Why in the news?	CCI Approves UltraTech’s ₹3,954 Cr India Cements Deal
Acquisition Value	₹3,954 crore
Stake Acquired	32.72% (from promoters and associates)
Share Purchase Price	₹390 per share
Promoters Involved	N Srinivasan, Chitra Srinivasan, Rupa Gurunath, SK Asokh Baalaje, and Sri Saradha Logistics
Open Offer Details	– Shares Offered: Up to 8.05 crore equity shares – Offer Price: ₹390 per share – Total Value: ₹3,142.35 crore (if fully subscribed)
Industry Significance	– Strengthens UltraTech’s position in the highly competitive southern cement market – Positions UltraTech as a global leader in cement production
Target Company	India Cements Ltd (ICL)
Strategic Rationale	– Expand presence in southern cement market (Tamil Nadu) – Increase market share and strengthen supply chain
UltraTech’s Cement Capacity	154.86 million tonnes per annum (MTPA), aiming for 200 MTPA

Indian States with Highest Number of Road Accidents

India faces a significant problem with road accidents, with certain states reporting higher numbers than others. Factors like heavy traffic, poor road conditions and reckless driving contribute to these accidents. In this article, we will explore the states in India that experiences the most road accidents and the reasons behind their high accidents rates.

Indian States and Union Territories

India is divided into 28 states and 8 Union Territories. States have their own governments and control local affairs, while Union Territories are directly governed by the central government. Each state and Union Territory has unique cultures, languages and traditions, contributing to the country’s diversity.

Indian State with the Highest Number of Road Accidents

Uttar Pradesh has the highest number of road accidents fatalities in India. In 2022, the state recorded 23,652 deaths, which accounted for 13.7% of all road accident deaths in the country. The main causes include high-speed driving, reckless behavior, and poor road conditions.

Other Indian States with Highest Number of Road Accidents

Tamil Nadu: Tamil Nadu ranks second in terms of road accidents fatalities, with 18,347 deaths, making up 10.6% of the country’s total road accident deaths. The state’s busy roads, combined with human errors like speeding and distracted driving, contribute to the high number of accidents.

Maharashtra: Maharashtra recorded 15,366 fatalities in road accidents, which make up around 9% of total deaths in India. The state’s crowded cities, high-speed highways, and lack of road safety awareness are significant factors leading to accidents.

Madhya Pradesh: Madhya Pradesh saw 13,798 fatalities in road accidents., representing approximately 8% of the total road accident deaths. Poor infrastructure, speeding, and human errors are the primary contributions to accidents in this state.

Causes of Road Accidents

Road accidents in India are a major concern, caused by several reasons which are as follows:

Over-speeding and reckless driving.
Poor road conditions and lack of infrastructure.
Drunk driving and substance abuse.
Distraction from mobile phones and other devices.
Non-compliance with traffic rules.
Overloading of vehicles
Untrained or inexperienced drivers.
Faulty vehicles or inadequate vehicle maintenance.
Poor weather conditions
Lack of proper road signage and markings
Drowsy driving or fatigue
Pedestrian negligence and jaywalking
Aggressive driving and road rage
Inadequate traffic law enforcement

A Book Titled ‘BRING IT ON: The Incredible Story of My Life’ By Dr. Deepa Malik

HarperCollins India has proudly announced the upcoming publication of ‘BRING IT ON: The Incredible Story of My Life’, a memoir by India’s most celebrated para-athlete, Dr. Deepa Malik. This remarkable autobiography promises to provide readers with an unfiltered view of her extraordinary life, her relentless pursuit of success, and her unyielding determination to overcome challenges.

About the Author: Dr. Deepa Malik

India’s First Female Paralympic Medalist

Deepa Malik is a name synonymous with inspiration and resilience. She made history as India’s first-ever female Paralympic medalist, winning a silver medal in shot put at the 2016 Rio Paralympics. Her career as a para-athlete is decorated with 23 international medals, and she has received some of the country’s most prestigious honors, including:

Padma Shri
Khel Ratna Award
Arjuna Award

A Multi-Talented Icon

Deepa Malik is not only a record-breaking para-athlete but also a pioneering paraplegic swimmer, biker, and car rallyist. She holds four Limca World Records for her unparalleled achievements in sports and adventure, proving that physical limitations are no barrier to success.

A Leader and Advocate for Para Sports

Dr. Malik has held influential roles in promoting para-sports in India and globally:

She served as the first female president of the Paralympic Committee of India.
She is currently the South Asian region representative on the executive board of the Asian Paralympic Committee, making her the first Indian woman and former para-athlete to hold this prestigious position.

Awards and Honors

Deepa Malik’s contributions to sports and society have been recognized with several awards, including the Asian Order, the highest honor in the para-sports ecosystem in Asia, and three honorary doctorates, commemorating her dedication to empowering the differently abled and advancing the sports community.

About the Book: BRING IT ON

‘BRING IT ON: The Incredible Story of My Life’ is not just a memoir; it is a manifesto of courage, hope, and determination.

A Journey of Triumph Over Adversity

In her book, Deepa Malik recounts the incredible challenges she has faced, including:

Surviving spinal tumors three times, an ordeal that left her paralyzed from the waist down.
Confronting patriarchy and the politics of sports, which often serve as barriers to progress.
Battling the stigma and pettiness that society often reserves for the differently abled.

Rather than seeing herself as a victim of her circumstances, Deepa identifies as ‘wheelchair-liberated’, rejecting the term ‘wheelchair-bound’. She demonstrates how the wheelchair became a symbol of freedom and possibility, not limitation.

Themes of the Memoir

Overcoming Impossible Odds: Deepa Malik’s story exemplifies the power of the human spirit. Her journey redefines the word ‘impossible’, showcasing that it is, as she puts it, “just an opinion.”
A Candid Look at Life: The memoir provides a no-holds-barred account of her life, from personal struggles to professional triumphs. It reveals the mental strength required to navigate the complex landscape of para-sports and society’s expectations.
Fighting Stereotypes: Deepa Malik has fought against deeply entrenched patriarchal norms, proving that women, especially differently abled women, can excel in any field they choose.
Inspiration for All: ‘BRING IT ON’ is not just for sports enthusiasts or the differently abled. It is a universal story that will ignite and inspire readers from all walks of life to confront their challenges head-on and emerge victorious.

Highlights of Deepa Malik’s Philosophy

From Bound to Liberated: Deepa redefines the narrative of disability, emphasizing that limitations exist only in the mind.
A Powerhouse of Possibilities: Her life serves as a testament to what can be achieved with determination, resilience, and vision.
Mental Fortitude: The memoir delves into the mindset of a para-athlete, offering a glimpse into the courage required to compete and succeed on the global stage.

Why ‘BRING IT ON’ is a Must-Read

Inspiring Life Lessons: Deepa’s journey provides life lessons that are both empowering and transformative.
Breaking Barriers: The book challenges societal norms, urging readers to think beyond stereotypes.
Unwavering Resilience: It highlights the importance of resilience in the face of adversity, making it a guide for anyone facing life’s challenges.

Summary of the News: ‘BRING IT ON: The Incredible Story of My Life’

Category	Details
Why in News	HarperCollins India announces the upcoming publication of ‘BRING IT ON: The Incredible Story of My Life’, a memoir by Dr. Deepa Malik.
About the Author	Dr. Deepa Malik: India’s most celebrated para-athlete and first female Paralympic medalist.
Achievements	– Won a silver medal in shot put at the 2016 Rio Paralympics.- Earned 23 international medals.- Recipient of Padma Shri, Khel Ratna Award, and Arjuna Award.
Multi-Talented Icon	– First Indian paraplegic swimmer, biker, and car rallyist.- Holder of four Limca World Records.
Leadership Roles	– Served as first female president of the Paralympic Committee of India.- South Asian representative on the executive board of the Asian Paralympic Committee (first Indian woman).
Additional Honors	– Awarded Asian Order, the highest para-sports honor in Asia.- Received three honorary doctorates for contributions to sports and society.
About the Book	‘BRING IT ON’ is a memoir that recounts Dr. Malik’s life journey, highlighting her challenges, triumphs, and resilience.
Themes in the Memoir	– Overcoming adversity: Survived spinal tumors thrice and defied societal norms.- Empowerment: Redefined “disability” as “wheelchair-liberated” rather than “wheelchair-bound.”- Breaking stereotypes: Advocated for women and the differently abled to excel in all fields.
Philosophy Highlights	– Mental strength: Showcased resilience and determination.- Possibilities: Inspired others to view limitations as opportunities.
Why It’s a Must-Read	– Provides inspirational life lessons.- Challenges societal stereotypes.- Highlights the importance of resilience in the face of adversity.

Aatmanirbhar Bharat Boost: MoD Contracts L&T for K9 VAJRA-T Guns

In a significant move towards enhancing the firepower of the Indian Army and advancing the goals of Aatmanirbhar Bharat, the Ministry of Defence (MoD) signed a Rs 7,628.70 crore contract with Larsen & Toubro Limited (L&T) on December 20, 2024. The procurement involves 155 mm/52 calibre K9 VAJRA-T Self-Propelled Tracked Artillery Guns, a cutting-edge addition to India’s artillery fleet. The agreement was signed in the presence of Defence Secretary Shri Rajesh Kumar Singh at South Block, New Delhi, marking a key milestone in India’s defence modernization and indigenous manufacturing capabilities.

Key Highlights of the Contract

Objective

To procure K9 VAJRA-T artillery guns under the “Buy (Indian)” procurement category.
To advance India’s self-reliance in defence manufacturing under the Make-in-India initiative.

Details of the Contract

Total cost: Rs 7,628.70 crore.
Signed by senior MoD officials and L&T representatives on December 20, 2024.
Location: South Block, New Delhi.

Specifications and Capabilities of K9 VAJRA-T

Calibre and Type

155 mm/52 calibre self-propelled tracked artillery guns.

Versatility

High cross-country mobility for diverse terrains.
Operates effectively in sub-zero temperatures and high-altitude regions.

Firepower

Long-range lethal fires with precision and accuracy.
Capable of a higher rate of fire for sustained operations.

Technology

Equipped with advanced systems to deliver precision strikes.
Strategic and Operational Benefits

Enhanced Artillery Modernization

The K9 VAJRA-T will significantly strengthen the Indian Army’s operational readiness and strike capabilities.
Designed to meet modern battlefield requirements with flexibility across terrains.

Firepower Augmentation

Enables deeper, more precise strikes.
Improves the overall effectiveness of artillery in diverse combat scenarios.

Employment and Economic Impact

Employment Generation

More than nine lakh man-days of employment over four years.

Boost to Indian Industries

Encourages active participation of domestic industries, including MSMEs.
Strengthens India’s defence manufacturing ecosystem under Aatmanirbhar Bharat.

Significance of the Project

Aatmanirbhar Bharat

A flagship project reflecting India’s commitment to self-reliance in defence.
Aligns with the Make-in-India initiative, promoting indigenous manufacturing.

Operational Readiness

The induction of K9 VAJRA-T will bolster the Indian Army’s ability to respond effectively to various security challenges.
Its adaptability to extreme conditions ensures reliability across India’s diverse geography.

Summary/Static	Details
Why in the news?	Aatmanirbhar Bharat Boost: MoD Contracts L&T for K9 VAJRA-T Guns
Contracting Parties	Ministry of Defence (MoD) and Larsen & Toubro Limited (L&T)
Cost of Contract	Rs 7,628.70 crore
Equipment Procured	155 mm/52 calibre K9 VAJRA-T Self-Propelled Tracked Artillery Guns
Category	Buy (Indian) under Make-in-India initiative
Key Features of K9 VAJRA-T	– Long-range precision firepower – High rate of fire – Cross-country mobility – Operates in sub-zero temperatures and high-altitude areas – Equipped with cutting-edge technology
Strategic Benefits	– Enhances artillery modernization and operational readiness of the Indian Army – Strengthens firepower and adaptability in diverse terrains
Economic Impact	– More than nine lakh man-days of employment over four years – Active participation of Indian industries, including MSMEs
National Significance	– Flagship project under Aatmanirbhar Bharat and Make-in-India initiatives – Boosts domestic defence manufacturing ecosystem
Operational Significance	– Enhances deeper strike capabilities with precision and accuracy – Reliable performance across extreme conditions

$350M India-ADB Loan Agreement Finalized

The Government of India and the Asian Development Bank (ADB) have signed a $350 million policy-based loan under the second subprogram of the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program. This collaboration aims to enhance India’s logistics sector through comprehensive reforms, infrastructure development, and digital integration. By improving logistics efficiency, the initiative seeks to strengthen the manufacturing sector, boost supply chain resilience, reduce costs, and promote sustainable economic growth.

Key Highlights

Loan Agreement and Stakeholders

Amount: $350 million policy-based loan.

Stakeholders

Department of Economic Affairs (DEA), Ministry of Finance.
Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
Asian Development Bank (ADB).

Program Overview

Objective: Enhance logistics efficiency to strengthen the manufacturing sector and improve supply chain resilience.
Approach: Programmatic policy-based loan (PBL) with two subprograms under SMILE.
Purpose: Support wide-ranging logistics sector reforms in India.

Key Focus Areas

Institutional Strengthening

Development of multimodal logistics infrastructure at national, state, and city levels.
Establishing a robust policy framework for logistics sector growth.

Standardization

Creating standards for warehousing and logistics assets.
Incentivizing private sector investment to modernize supply chains.

Trade Logistics

Enhancing efficiency in external trade logistics to boost international competitiveness.

Digital and Smart Systems

Integration of smart systems for efficient, low-emission logistics operations.
Emphasis on technology adoption for better resource utilization.

Anticipated Outcomes

Economic Growth: Improved logistics efficiency will lower costs and enhance the competitiveness of India’s manufacturing sector.
Employment: Generation of substantial employment opportunities in the logistics and related sectors.
Gender Inclusion: Encouragement of gender-inclusive practices within the logistics workforce.
Environmental Sustainability: Promotion of low-emission logistics systems to align with global sustainability goals.

Significance of the SMILE Program

Competitiveness: Reduces logistical barriers, improving the ease of doing business in India.
Resilience: Strengthens supply chains, making them more robust against disruptions.
Private Sector Participation: Creates an enabling environment for increased private investment in logistics.

Summary/Static	Details
Why in the news?	$350M India-ADB Loan Agreement Finalized
Program	Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE)
Stakeholders	– Department of Economic Affairs (DEA), Ministry of Finance – Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry – Asian Development Bank (ADB)
Loan Type	Policy-Based Loan (PBL) under the second subprogram of SMILE
Objective	Enhance logistics efficiency, strengthen manufacturing, and improve supply chain resilience
Institutional Strengthening	Develop multimodal logistics infrastructure at national, state, and city levels
Standardization	Standardize warehousing and logistics assets; incentivize private sector investment
Economic Growth	Reduce logistics costs and enhance manufacturing competitiveness
Employment	Generate significant employment opportunities
Gender Inclusion	Promote gender-inclusive workforce practices

Richa Ghosh Smashes Record-Breaking Fifty in Women’s T20Is

India’s wicketkeeper-batter Richa Ghosh etched her name in history by smashing the joint-fastest fifty in women’s T20Is. She achieved this feat during the third and final T20I of the series against West Indies Women at the DY Patil Stadium.

The Journey to the Record

Richa entered the crease with a clear intent to attack, showcasing her power-hitting skills from the very first ball. In a spectacular display of aggression, she reached her second T20I half-century in just 18 balls, equalling the records of Sophie Devine (New Zealand captain) and Phoebe Litchfield (Australia opener).

Sophie Devine had set this record against India Women at the M Chinnaswamy Stadium in 2015.
Phoebe Litchfield matched it in a match against West Indies Women in Sydney in 2023.

A New Benchmark for India

Richa surpassed her ODI opening partner Smriti Mandhana’s five-year-old record for the fastest fifty in women’s T20Is by an Indian. Mandhana had previously achieved this milestone in 24 balls against New Zealand in February 2019.

Richa’s blistering innings included:

3 boundaries and
5 sixes, cementing her status as a power-hitter and a vital player for India’s T20 setup.

India’s Dominant Performance

Richa’s fireworks, coupled with a stellar knock by Smriti Mandhana at the top of the order, helped India post their highest-ever total in women’s T20Is—a mammoth 217 runs for the loss of 4 wickets. This commanding total underlines India’s growing dominance in the format.

A Record Book Rewritten

Richa’s achievement is now part of a distinguished list of fastest fifties in women’s T20Is. Below is a comparison of the top performances:

Player	Balls	Match	Venue	Date
Sophie Devine	18	New Zealand Women vs India Women	Bangalore	11/07/2015
Phoebe Litchfield	18	Australia Women vs West Indies Women	Sydney	02/10/2023
Richa Ghosh	18	India Women vs West Indies Women	DY Patil Stadium	19/12/2024
Nida Dar	20	South Africa Women vs Pakistan Women	Benoni	22/05/2019
Alyssa Healy	21	Australia Women vs Ireland Women	Providence	11/11/2018
Sophie Devine	21	New Zealand Women vs Ireland Women	Providence	17/11/2018
Alice Capsey	21	England Women vs Ireland Women	Paarl	13/02/2023

Significance of the Achievement

This incredible feat highlights the rise of young talent in Indian women’s cricket, with players like Richa leading the charge. Her record-breaking innings reflects her ability to perform under pressure and deliver results when the team needs it the most. Additionally, it showcases the rapid evolution of the women’s game, with players now rivaling men’s cricket in terms of power-hitting and high-intensity performances.

Summary of the News

Aspect	Details
Why in News	India’s wicketkeeper-batter Richa Ghosh smashed the joint-fastest fifty in women’s T20Is.
Match Details	Achieved during the third T20I of the series between India Women and West Indies Women at DY Patil Stadium on 19th December 2024.
Record Details	Richa scored her half-century in just 18 balls, equalling the record of Sophie Devine (2015) and Phoebe Litchfield (2023).
Previous Indian Record	Broke Smriti Mandhana’s record of a 24-ball fifty against New Zealand in 2019.
Key Stats	Scored 3 boundaries and 5 sixes in her innings.
Team Performance	India posted their highest-ever total in women’s T20Is with 217/4 in 20 overs.
Fastest Fifties in WT20Is
Player	Balls
Sophie Devine	18
Phoebe Litchfield	18
Richa Ghosh	18
Nida Dar	20
Alyssa Healy	21
Sophie Devine	21
Alice Capsey	21
Significance	Highlights the rise of young talent in Indian women’s cricket and the evolution of the game, with increased power-hitting and high-intensity performances. Richa’s ability to perform under pressure has inspired the next generation of cricketers.

First-Ever World Meditation Day: 21st December 2024

On 21st December 2024, the world will celebrate the first-ever World Meditation Day, marking a significant moment in the global acknowledgment of the transformative power of meditation. This annual celebration has been established following a resolution passed by the United Nations General Assembly (UNGA) on 29th November 2024. The day is set to emphasize the profound mental, physical, and social benefits of meditation, while fostering peace and unity worldwide.

India Leads the Celebrations at the UN Headquarters

A Special Event in New York

The Permanent Mission of India played a pivotal role in hosting a landmark event at the United Nations Headquarters in New York to commemorate this historic occasion. The celebration featured a live, global meditation session, led by the esteemed Sri Sri Ravi Shankar, the renowned Indian spiritual leader and founder of the Art of Living Foundation. Serving as the chief guest, Sri Sri Ravi Shankar guided participants through a meditative journey aimed at promoting mental well-being and fostering global peace.

Themed Celebration: “Meditation for Global Peace and Harmony”

The event’s theme, “Meditation for Global Peace and Harmony,” reflects the universal vision of meditation as a bridge to connect individuals and nations. By encouraging participants to focus on inner calmness and mutual respect, this initiative aims to inspire people worldwide to adopt meditation as a tool for fostering collective well-being.

Meditation’s Journey to Global Recognition

The Role of the UN

The UNGA’s recognition of World Meditation Day signals a bold acknowledgment of meditation’s capacity to address critical challenges of modern life. From rising stress levels to violence and societal disconnection, meditation has emerged as a powerful antidote to many contemporary issues. By dedicating a global day to this practice, the United Nations underscores its relevance in promoting mental resilience, physical health, and social harmony.

India’s Legacy in Meditation

Meditation, deeply rooted in India’s cultural and spiritual heritage, has transcended geographical boundaries over the centuries. It has evolved into a universal practice embraced by people of all religions, traditions, and lifestyles. In recent decades, meditation has become a symbol of international goodwill, offering a unique perspective on life while bridging cultural and societal divides.

What is Meditation?

Definition and Origins

According to the United Nations, meditation is an ancient practice focused on directing one’s attention to the present moment. Its origins span religious, yogic, and secular traditions, making it one of the most timeless practices for personal growth and self-discovery.

While definitions vary, meditation is commonly described as a practice involving techniques such as mindfulness, focused attention, or concentrated thought. These techniques aim to train the mind to achieve states of mental clarity, emotional calmness, and physical relaxation.

Types of Meditation

Diverse Approaches for All

Meditation encompasses a wide array of practices, each tailored to suit individual needs. Some popular types include:

Mindfulness Meditation: Focuses on observing thoughts and emotions without judgment.
Transcendental Meditation: Involves repeating a specific mantra for deep relaxation.
Guided Meditation: Uses visualizations or instructions to help achieve a calm state.
Yoga-based Meditation: Combines physical postures with focused breathing and meditation.

The Benefits of Meditation

Individual Benefits

Meditation offers a plethora of benefits for the mind and body, supported by decades of research:

Stress Reduction: Meditation helps lower cortisol levels, reducing stress and promoting relaxation.
Improved Focus: Enhances cognitive abilities and attention span.
Emotional Balance: Alleviates symptoms of anxiety and depression.
Better Sleep: Promotes relaxation, leading to improved sleep quality.
Physical Health: Contributes to lower blood pressure, better pain management, and overall vitality.

Collective Well-Being

Beyond individual gains, meditation fosters empathy, collaboration, and a sense of shared purpose. As a universal practice, it bridges gaps across cultures, helping to build harmonious communities.

The Role of Technology

Meditation for the Digital Age

In the modern era, technology has made meditation accessible to people across the globe. Meditation apps and online platforms enable individuals to practice anytime, anywhere. From beginners to seasoned practitioners, technology has expanded the reach of meditation, making it an integral part of contemporary life.

Why Celebrate World Meditation Day?

Promoting Global Peace

Meditation’s universal appeal lies in its ability to transcend differences in age, nationality, and beliefs. By celebrating World Meditation Day, individuals and communities are reminded of the interconnectedness of humanity and the importance of inner peace as a foundation for global harmony.

Honouring Ancient Wisdom

The annual observance of World Meditation Day pays tribute to the ancient traditions that have guided countless individuals toward self-discovery and fulfillment. It highlights meditation’s enduring relevance in a fast-paced, ever-changing world.

World Meditation Day 2024: Date, Significance and History

Category	Details
Why in News	The world will observe 21st December 2024 as the first-ever World Meditation Day, following a resolution by the UN General Assembly on 29th November 2024.
Global Recognition	Meditation has been acknowledged for its transformative mental and physical benefits, and its role in promoting peace and unity globally.
India’s Contribution	India’s Permanent Mission hosted an event at the UN Headquarters in New York featuring a global meditation session led by Sri Sri Ravi Shankar.
Event Theme	“Meditation for Global Peace and Harmony“
Meditation Defined	Meditation is an ancient practice involving techniques like mindfulness and focused attention to achieve mental clarity, emotional calmness, and physical relaxation.
Types of Meditation	Includes Mindfulness Meditation, Transcendental Meditation, Guided Meditation, and Yoga-based Meditation.
Benefits	– Individual: Reduces stress, improves focus, emotional balance, better sleep, and physical health.
	– Collective: Fosters empathy, collaboration, and shared purpose, promoting global harmony.
Role of Technology	Meditation apps and online platforms have made the practice widely accessible globally.
Significance	Meditation transcends age, nationality, and beliefs, promoting inner peace as a foundation for global harmony.

World Basketball Day 2024: Date, Significance and History

Every year on December 21, World Basketball Day is observed to honour the development and significance of a sport that has inspired millions of people worldwide. Basketball transcends boundaries, cultures, and languages, promoting values such as athleticism, joy, companionship, and peace. The celebration of this day highlights basketball’s role in fostering collaboration, physical activity, and interdependence, encouraging players and fans alike to view one another first and foremost as fellow human beings.

The Origins of Basketball: Dr. James Naismith’s Vision

The Invention

Basketball was invented on December 21, 1891, by Dr. James Naismith, a Canadian physical education teacher at the International YMCA Training School in Springfield, Massachusetts, USA. Naismith’s goal was to create a game that would keep his students physically active during the harsh winter months. His innovative idea gave rise to a sport that would eventually gain global popularity.

Evolution of the Game

Initially, basketball was played using a soccer ball and fruit baskets as goals. After every basket, referees had to retrieve the ball manually. This system was later improved in 1900 with the introduction of backboards and string baskets, preventing interference from spectators and enhancing the flow of the game.

Recognizing Basketball on a Global Stage

The global significance of basketball was officially acknowledged by the United Nations General Assembly on August 25, 2023, through the adoption of resolution A/RES/77/324. This resolution declared December 21 as World Basketball Day, celebrating the sport’s ability to bring together people from all walks of life.

Key Objectives of the Resolution

Highlighting basketball’s power to promote peace and development.
Ensuring that events like the FIBA Basketball World Cup 2023 leave a lasting legacy.
Encouraging communities worldwide to recognize the sport’s positive impact on society.

Significance of World Basketball Day

World Basketball Day is not just about celebrating a sport; it is about embracing the values that basketball instills in players and fans alike. These include teamwork, cooperation, and communication, which are essential for fostering understanding and harmony in a diverse world.

A Tribute to Dr. Naismith’s Legacy

The annual celebration pays homage to Dr. Naismith’s enduring influence on millions of players, fans, and communities. His innovative creation has transcended its humble beginnings to become a sport that unites people across continents.

Promoting Peace and Diplomacy

Basketball’s impact goes beyond the court. It plays a significant role in areas such as international trade, diplomacy, and peacebuilding, fostering collaboration and mutual respect among nations. The sport’s unique environment of physical activity and interdependence allows players to see each other as human beings first, breaking down barriers of nationality, race, and culture.

Inspiring a Global Buzz

The celebration of World Basketball Day generates excitement and inspires people to engage with the sport, whether by playing, watching, or simply appreciating its spirit. This enthusiasm contributes to basketball’s ongoing development and influence, furthering its mission of promoting peace and unity.

Facts About Basketball

A Global Phenomenon

Basketball is one of the most widely played and popular sports in the world, with an estimated 450 million players globally, according to FIBA.
The sport enjoys immense popularity in regions such as North America, Europe, and Asia.

Olympic Legacy

Basketball has been a part of the Olympic program since the 1936 Berlin Olympics.
Women’s basketball made its Olympic debut as a regular event at the 1976 Montreal Games.

Milestones in Women’s Basketball

Women began playing basketball less than a year after its invention, in 1892.
The growth of women’s basketball has paralleled the sport’s overall development, highlighting its inclusivity and broad appeal.

Professional Leagues

The Basketball Africa League (BAL), established in 2019, features 12 club teams from across Africa, showcasing the sport’s expansion into new regions.

Early Gameplay

The first basketball games were played using soccer balls and fruit baskets.
The term “basketball” was coined by Dr. Naismith in 1891.

Historical Timeline of Basketball

1891: The Birth of Basketball

Dr. James Naismith invents basketball at the International YMCA Training School in Springfield, Massachusetts.

1895: The First Intercollegiate Game

The first intercollegiate basketball competition takes place between the Minnesota School of Agriculture and Hamline College.

1898: Formation of the First Professional League

The National Basketball League (NBL), the first professional basketball league, is established.

1940: Establishment of the National Association of Intercollegiate Basketball

Dr. Naismith helps create the National Association of Intercollegiate Basketball, further solidifying the sport’s institutional framework.

1949: Birth of the NBA

The National Basketball Association (NBA) is formed through the merger of the Basketball Association of America (BAA) and the National Basketball League (NBL). Although the NBA’s popularity surged in the 1960s and 1970s, it has since become the premier professional basketball league globally.

World Basketball Day: Summary in Tabular Form

Aspect	Details
Why in News	December 21 is observed as World Basketball Day, honoring basketball’s role in inspiring millions and promoting values like peace and unity.
Origins of Basketball	Invented on December 21, 1891, by Dr. James Naismith in Springfield, USA, as a winter activity for students.
Early Gameplay	Played with a soccer ball and fruit baskets; backboards and string baskets were introduced in 1900 to improve the game.
Global Recognition	The United Nations General Assembly adopted resolution A/RES/77/324 on August 25, 2023, declaring December 21 as World Basketball Day.
Key Objectives of Resolution	– Highlight basketball’s role in promoting peace and development. – Ensure lasting legacy of events like the FIBA Basketball World Cup 2023. – Encourage global recognition of basketball’s impact on society.
Significance	– Celebrates values like teamwork, cooperation, and communication. – Honors Dr. Naismith’s legacy in uniting people globally.
Basketball’s Global Impact	– Promotes peacebuilding, diplomacy, and collaboration across nations. – Inspires engagement through playing, watching, and appreciation of the sport.
Key Facts	– Estimated 450 million players globally. – Included in the Olympic program since 1936; women’s basketball debuted in 1976.
Women’s Basketball	Women started playing in 1892, shortly after its invention, showcasing basketball’s inclusivity.
Professional Leagues	The Basketball Africa League (BAL), established in 2019, highlights basketball’s global expansion.
Historical Milestones	– 1891: Invention by Dr. Naismith. – 1895: First intercollegiate game. – 1949: Formation of the NBA.