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NATIONAL AFFAIRS
Platinum Jubilee of Central Silk Board: Textiles Minister Giriraj Singh unveils Commemorative Coin 
On 20th September 2024, Union Minister Giriraj Singh, Ministry of Textile, unveiled the Commemoratory coin of the denomination Rs 75 during an event organised to celebrate the Platinum Jubilee(75th Anniversary) of the Central Silk Board (CSB) in Mysuru, Karnataka.
- The Union Minister also launched a Coffee Table Book titled CSB in the Service of the Nation Since 1949 and a postal cover featuring the CSB 75 Years Logo.
Histroy of Central Silk Board:
i.The CSB was established following the recommendations of the Silk Panel by the Imperial government on 8th March 1945 to examine the development of the silk industry.
ii.The Government of Independent India enacted the CSB Act 1948 on 20th September 1948.
iii.The CSB was established under an Act of Parliament (LXI) of 1948 on 9th April 1949.
About Central Silk Board (CSB):
The CSB works under the administrative control of Ministry of Textiles
Chief Executive Officer (CEO) & Member Secretary– P. Sivakumar
Headquarters– Benagluru, Karnataka
Established– 1948
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PM Modi Dedicates 3 PARAM Rudra Supercomputers Worth Rs 130 Crore to Nation
On 26th September 2024, Prime Minister (PM) Narendra Modi dedicated 3 ‘PARAM Rudra’ Supercomputers worth Rs 130 crore to the nation via video conferencing. These supercomputers are developed indigenously under the National Supercomputing Mission (NSM).
- These supercomputers have been deployed in New Delhi(Delhi), Pune(Maharashtra) and Kolkata(West Bengal, WB) to provide pioneering scientific research.
Key Points:
i.PM has also inaugurated a High-Performance Computing (HPC) system tailored for weather and climate research, acquired by Ministry of Earth Sciences (MoES).
- This project is developed with an investment of Rs 850 crore, marking a significant step in India’s computational capabilities for meteorological applications.
About Ministry of Earth Sciences (MoES):
Union Minister- PM Narendra Modi (Constituency- Varanasi, Uttar Pradesh, UP)
Minister of State (MoS)(Independent Charge) – Dr. Jitendra Singh (Constituency- Udhampur, Jammu and Kashmir, J&K)
>> Read Full News
Union Minister Jyotiraditya M. Scindia Launches ‘Ek Ped Maa Ke Naam’ App
On 23rd September 2024, Union Minister Jyotiraditya M. Scindia, Ministry of Communications (MoC), and Ministry of Development of North Eastern Region (MDoNER) launched the ‘Ek Ped Maa Ke Naam‘ mobile application (app) at the National Media Centre (NMC) in New Delhi(Delhi).
- This user-friendly app is a unique platform that allows users to plant a tree in honour of their mothers, contributing to environmental sustainability and a greener planet.
Key Features:
i.The users can dedicate a tree by capturing a image of the tree and provide the details like tree type, location (state), and occasion for planting the tree.
ii.Users can also update tree growth every 30 days, allowing for continuous tracking.
iii.Users can track the carbon credits they have earned through their contributions.
Ek Ped Maa Ke Naam Campaign:
i.The Government of India (GoI) launched Ek Ped Maa Ke Naam, a nationwide tree-plantation campaign on 5 June 2024 to commemorate World Environment Day (WED).
- The campaign was launched to tackle global warming by promoting large-scale tree planting, to protect the environment and nature.
ii.Objectives:
- To encourage people to plant a tree as a symbol of love, respect, and honou for their mothers;
- To Combat land degradation and restore degraded lands.
iii.The campaign has successfully planted 80 crore saplings, 5 days ahead of its September 2024 target.
Squadron Leader Mohana Singh Becomes 1st Woman Fighter Pilot in LCA Tejas Fighter Fleet
Squadron Leader Mohana Singh has become the 1st woman fighter pilot to join the Indian Air Force’s (IAF) 18 Flying Bullets squadron, which operates India’s indigenously developed Light Combat Aircraft (LCA) Tejas fighter jets. The Flying Bullets squadron is stationed at Naliya Air Base in the Gujarat sector, along the border with Pakistan.
- Mohana Singh was among the first 3 female fighter pilots commissioned into the IAF in 2016, alongside Squadron Leaders Bhawana Kanth and Avani Chaturvedi.
- She made history as the first woman in the IAF to fly a “Hawk” aircraft during daylight hours in 2019.
- She was earlier part of the No 3 fighter squadron which is based at NAL Air Force Station, in Rajasthan. She was flying MiG-21 Bison as part of the No 3 squadron.
- She was honoured with the Naari Shakti Award in 2020, recognizing her achievements alongside Avani Chaturvedi and Bhawna Kanth.
Note: Since the fighter stream opened to women in 2016, the IAF now has around 20 women fighter pilots.
KVIC & NIFT Signed MoU under CoEK-2.0 to Enhance Marketability of Khadi Brand
The Khadi and Village Industries Commission (KVIC) under the Ministry of Micro, Small, and Medium Enterprises (MoMSME), and the National Institute of Fashion Technology (NIFT) signed a Memorandum of Understanding (MoU) under the ‘Centre of Excellence for Khadi-2.0(CoEK-2.0)’, to enhance the reach and marketability of “Brand Khadi” domestically and internationally, in Rajghat, New Delhi (Delhi).
- Signatories: The MoU was signed by Vatsalya Saxena, Chief Executive Officer (CEO), KVIC, and Tanu Kashyap, Director General (DG), NIFT in the presence of Manoj Kumar, Chairman, KVIC; S C L Das, Secretary, MoMSME and Vipul Goel, Joint Secretary, MoMSME.
- The MoU focuses on design innovation and capacity building. NIFT will assist Khadi institutions with training, designing Khadi garments, renovating Khadi Bhavans, and developing new high-quality Khadi products.
- Under COEK, NIFT will complete the process of establishing the Khadi hub center in New Delhi, and spoke centers in Bengaluru (Karnataka), Gandhinagar (Gujarat), Kolkata (West Bengal (WB)), Guwahati (Assam), Panchkula (Haryana), Hyderabad (Telangana), and Bhubaneswar (Odisha).
- KVIC will invest Rs 25.17 crore through COEK over the next 3 years to strengthen the quality and brand power of Khadi.
INTERNATIONAL AFFAIRS
India Formally Joined International Big Cat Alliance
On 20th September 2024, India formally joined International Big Cat Alliance (IBCA) by signing and ratification of the Framework Agreement on the establishment of the IBCA.
- IBCA is a global initiative founded by India to secure the future of big cats and their natural habitats.
- The Union Cabinet chaired by Prime Minister (PM) Narendra Modi approved the proposal of India to become a member of IBCA.
- With this, 4 countries (India, Nicaragua, Eswatini and Somalia) have now become member of IBCA.
Key People:
The framework agreement was handed over to Dr. S.P. Yadav, Interim Director General (DG), IBCA by Ramesh Kumar Pandey, Inspector General (IG) Forests, Ministry of Environment, Forests and Climate Change (MoEFCC) in New Delhi, Delhi.
About IBCA:
i.IBCA was launched by PM Modi during the programme “Commemoration of 50 years of India’s Project Tiger” on 9th April 2023 at Mysuru University in Mysuru, Karnataka.
ii.The framework Agreement aimed to establish IBCA to collectively address common challenges for the protection and conservation of 7 big cats – Tiger, Lion, Leopard, Snow Leopard, Puma, Jaguar and the Cheetah.
- Except, Puma and Jaguar, 5 of these big cats are found in India.
iii.IBCA aims to build a multi-nation, multi-agency coalition of 95 big cat range countries, non-range countries interested in big cat conservation.
iv.This initiative is open for all United Nations (UN) member countries who are interested in becoming the member of the IBCA.
v.Under the framework agreement, member parties will be guided by the principals of coordinated action for protection and conservation of 7 big cats, seeking the benefits of collective action under the IBCA.
vi.The IBCA will set up networks and develop synergies in a focused manner so as to bring a common platform, a centralised repository of successful practices that can be used to strengthen the conservation practices, and can help in preventing the decline of big cat population and reverse the trend.
Key Progress:
i.In February 2024, the Union Cabinet had approved the establishment of IBCA with headquarters in India with one-time budgetary allocation of Rs 150 crores for a period of 5 years from 2023-24 to 2027-28.
ii.So far, 24 countries (including India) have consented to be members of IBCA. Apart from them, 9 International Organisations have also consented to be partner organisation of IBCA.
About International Big Cat Alliance (IBCA):
Director General (DG)– Dr. S.P. Yadav (Interim)
Headquarters– India
Established– 2023
BANKING & FINANCE
SBI General Insurance launches ‘SBIG Health Super Top-Up’ plan
State Bank of India (SBI) General Insurance Company Limited has launched ‘SBIG Health Super Top-Up’ plan, which is a health insurance add-on plan designed to enhance the existing basic health insurance coverage (corporate or personal loan) in an economical and affordable way.
- The main aim of this policy is to provide comprehensive support during unexpected medical emergencies that are often not covered by standard health plans.
- This health policy initiative is important at this time when lifestyle diseases are rising and medical inflation rising at approximately 14% annually.
Key Features:
i.Flexible annual and long-term aggregated deductible options are available.
ii.Offers two options with sum insured ranging from Rs.5 lakhs to Rs.4 crores, with deductibles between Rs.2 lakhs to Rs.2 crores
iii.Provides cumulative bonus (CB) protection with no reduction at the time of claims.
iv.Consists of long-term policy options that are available for up to three years.
v.Offers unlimited restore benefit for related or unrelated illnesses/injuries.
vi.Affordable premiums starting at Rs.3,377 for individuals aged 18-35 years are provided.
vii.Provides the facility to reduce the waiting periods and global coverage.
viii. To encourage early adoption, SBI General Insurance is offering a one-time welcome discount of 5% on all policies purchased within 5 days of receiving a quote from the company.
ix.Claims under this policy are payable when the primary health insurance coverage is exhausted or when expenses exceed the deductible amount.
x.It is particularly suitable for group and retail health customers, the urban and semi–urban population with inadequate or no insurance as well as individuals with High-Net-Worth who seek to have wide coverage.
About SBI General Insurance Company Limited :
Managing Director (MD) & Chief Executive Officer (CEO) – Naveen Chandra Jha
Headquarters – Mumbai, Maharashtra
Founded – 2009
City Union Bank Limited Launched 8 Payment Products at 5th GFF 2024 
City Union Bank Limited (CUB), a leading scheduled commercial bank in the private sector, has launched a suite of 8 innovative digital payment products and solutions to enhance the financial ecosystems for Micro, Small and Medium Enterprises (MSMEs) and retail customers.
- These products were launched during the 5th edition of Global Fintech Fest (GFF 2024) held from 28th to 30th August 2024 at Jio World Convention Centre in Mumbai, Maharashtra.
New Products & Services:
i.The new digital payment products launched include Delegate payments, Unified Payments Interface (UPI) lite auto topup, National Common Mobility Card (NCMC), Credit line on UPI, RuPay credit card on UPI, and Loan against securities (Mutual Fund).
ii.Additionally, 2 innovative services: Open Network Digital Commerce (ONDC) for MSMEs and ONDC for Retail, designed specifically to cater the needs of MSME and retail sectors, were launched.
- Through the ONDC platform, CUB will be able to address the needs of MSMEs with regard to digital store, digital ledger, inventory management and e-invoicing, collateral-free business loans, payments and collections, expense management and Income Tax (IT) and Goods and Services Tax (GST) returns filing, among others.
iii.These innovative advancements are expected to boost digital payments adoption in India by streamlining payment processes, enhancing transaction security, and improving customer experience for both businesses and consumers.
About City Union Bank Limited (CUB):
It was initially incorporated as ‘The Kumbakonam Bank Limited’ in 1904 and was later renamed as ‘City Union Bank Limited’ in December 1987.
Managing Director (MD) and Chief Executive Officer (CEO)- Dr. N. Kamakodi
Headquarters- Kumbakonam, Tamil Nadu (TN)
Tagline- Trust and Excellence Since 1904
Axis Bank & Mastercard Collaborate to launch MyBiz, a Credit Card for Small Business Owners
Axis Bank Limited and Mastercard, an American multinational payment card services corporation, have collaborated to launch Mybiz, a business credit card designed for sole proprietors and Small-and-Medium Enterprises (SME) business owners.
- This credit card, a part of the World Mastercard category, combines a range of business and travel benefits to meet the needs of SME owners.
Key Features:
i.MyBiz credit card will provide an end-to-end digital offering that simplifies small business clients’ experience.
ii.It will also increase the purchasing power of the cardholders and provide greater rewards.
iii.This will also help to enhance employee controls and provide zero liability protection for small business clients.
Benefits:
i.The card includes travel benefits like airport lounge access and travel insurance.
ii.This also offers business-related services such as marketing, productivity tools, online readiness, security-related services and services related to compliance through Mastercard Easy Savings Special.
iii.Cardholders will also have access to exclusive experiences such as culinary arts, wellness and sports through priceless.com
About Axis Bank Limited:
Managing Director(MD) & Chief Executive Officer(CEO)– Amitabh Chaudhry
Founded- 3 December 1993
Headquarters- Mumbai, Maharashtra
About Mastercard:
CEO- Michael Miebach
Chairman (Mastercard India)- Rajnish Kumar
Founded- 1966
Headquarters– New York, The United States of America (USA)
Axis AMC Launched India’s 1st NBFC Sector-based Target Maturity Mutual Fund Scheme
Axis Asset Management Company Limited (Axis AMC) launched “AXIS CRISIL-IBX AAA NBFC Index– Jun 2027 Fund”, An open-ended Target Maturity Index Fund investing in constituents of CRISIL-IBX AAA NBFC Index – Jun 2027.
- This is the 1st Non-Banking Financial Company (NBFC) sector-based target maturity mutual fund scheme in India.
- The fund offers a moderate interest rate risk and relatively low credit risk.
- The New Fund Offer (NFO) for the scheme is open for subscription till 23rd September 2024 and the maturity date of the scheme is 30th June 2027.
i.The minimum investment amount required for the scheme is Rs 5,000 and in multiples of Re 1 thereafter.
ii.The new fund will offer exposure to high-quality, AAA-rated NBFCs through a passive investment strategy by monitoring an index.
iii.The scheme will allocate 95% to 100% of its assets to fixed-income instruments attached to the index, with a small portion reserved for liquidity through debt and money market instruments.
iv.The fund will follow a ‘Buy-and-hold’ investment strategy which means that debt instruments issued by NBFCs will be held until maturity unless sold to meet redemptions or for rebalancing purposes.
v.The fund will be managed by Aditya Pagaria, Fund Manager-Fixed Income at Axis AMC.
APPOINTMENTS & RESIGNATIONS
Shigeru Ishiba set to become the New Prime Minister of Japan
On 27 September 2024, Former Defence Minister Shigeru Ishiba (67 years old) is set to become the next Prime Minister(PM) of Japan after being elected as the leader of Japan’s Liberal Democratic Party (LDP) which holds a majority in the parliament.
- He will assume PM office from October 1, 2024 by replacing incumbent PM Fumio Kishida.
- Shigeru Ishiba won by 215 votes, defeating Sanae Takaichi(194 votes), in the leadership election of the LDP in Tokyo, Japan. Nine candidates including two women had competed in the elections.
About Shigeru Ishiba
i.Shigeru Ishiba is an idealistic reformer and had worked in a bank before joining politics.
ii.He won his first parliamentary election in 1986 with LDP. This year was his fifth attempt to become the leader of LDP, which is the largest party in parliament and has been ruling Japan for most of the past seven decades.
iii.He served as the Minister of Defense from 2007 to 2008, the Minister of Agriculture, Forestry, and Fisheries from 2008 to 2009, and the Secretary-General of the LDP from 2012 to 2014.
iv.He also served as the chairman of LDP’s Policy Research Council from 2009 to 2011 and its secretary-general from 2012 to 2014.
About Japan
Prime Minister(PM) – Fumio Kishida
Capital – Tokyo
Currency – Japanese Yen
SPORTS
Tennis: India’s Jeevan Nedunchezhiyan & Vijay Sundar Prashanth won the doubles title at Hangzhou Open 2024
Indian Tennis players Jeevan Nedunchezhiyan and Vijay Sundar Prashanth won the men’s doubles title by defeating Germany’s Constantin Frantzen and Hendrik Jebens in the finals of the Association of Tennis Professionals (ATP) 250 Hangzhou Open (2024).
- Marin Cilic of Croatia won the Men’s singles title by defeating China’s Zhang Zhizhen. This marks his first tour level title since 2021.
- Hangzhou Open 2024 was held from 18th to 24th September 2024 at the Hangzhou Olympic Sports Expo Center in Hangzhou, China.
Points to note:
i.This marks the duo’s first ATP Tour title together as a pair.
ii.This marks the first ever ATP title for Vijay Sundar and 2nd career title for Jeevan.
- Jeevan won his first ATP doubles title at the 2017 Chennai Open (Tamil Nadu) paired with Rohan Bopanna.
iii.With this win, Marin Cilic became the lowest-ranked tournament winner in ATP Tour history at No. 77.
Results:
| Category | Winner | Runner up |
|---|---|---|
| Men’s Singles | Marin Cilic (Croatia) | Zhang Zhizhen (China) |
| Men’s Doubles | Jeevan Nedunchezhiyan and Vijay Sundar Prashanth (India) | Constantin Frantzen and Hendrik Jebens (Germany) |
About ATP Hangzhou Open 2024:
i.Hangzhou Open 2024 is the 1st edition of the Hangzhou Open and a part of the ATP Tour 250 series of the 2024 ATP Tour.
ii.Hangzhou Open 2024 is the men’s tennis tournament played on outdoor hard court.
About Association of Tennis Professionals (ATP)
Chairman– Andrea Gaudenzi
Headquarters– London, United Kingdom (UK)
Founded– September 1972
India claims bronze medal in 1st Asia Pacific Padel Cup in Bali, Indonesia
The Indian team bagged the bronze medal by defeating Malaysia in the first edition of the Asia Pacific Padel Cup(APPC)2024 which was held at Amare Padel Club Umalas, Bali, Indonesia, from September 19th to 22nd , 2024.
- India has claimed this spot in its first-ever tournament appearance and also the first-ever padel competition between nations held in the Asia Pacific region.
- Indonesia won the gold medal followed by the Philippines winning the silver medal in the tournament.
Key Points
i. Aryan Goveas and Rahul Motwani started strong in the bronze medal match against Malaysia, winning 4-6, 6-4, 7-5.
- Followed by Tulsi Mehta and Vaibhavi Deshmukh made it 2-0 for India with 6-2, 7-6 (1) victory, and the girls’ pairing of Jenai Billimoria and Johan Fernandes secured 6-0, 6-1 win.
ii.The Indian team was led by the Spanish head coach Victor Perez along with coach Imran Yusoof and manager Rithik Sinha.
What is Padel?
i.It is a racquet sport with Mexican origin that is played in an enclosed court, like squash, that is slightly smaller than a doubles tennis court in size.
ii.The racquets are of solid material but the balls similar to tennis balls are of a little less pressure.
iii. Every match between the two teams has doubles matches. The height of the ball while service must be at or below the waist level.
About Asia Pacific Padel Cup(APPC):
i.This was the 1st edition of the APPC tournament.
- The competition will begin with a round-robin phase, followed by a playoff to determine the final rankings.
ii.Each match will be played between two countries, with each country represented by five teams(3 male teams and 2 female teams).
iii.Nations participated in the event – Hong Kong (China), India, Indonesia, Malaysia, the Philippines, Thailand and Singapore.
Scotland Agreed to Host 2026 Commonwealth Games after Australia Backed Out
Glasgow, the capital of Scotland, has been announced as the host city of the 2026 Commonwealth Games, the 23rd edition of the Commonwealth Games(CWG) after Australian state of Victoria decided to withdraw from hosting the 2026 Commonwealth Games due to projected exceeding expenditures.
Glasgow is set to host the games for the 2nd time in 12 years. The city previously hosted the event in 2014.
The Commonwealth Game Federation (CGF) pledged to provide financial of 100 million pounds and also the United Kingdom (UK) government agreed to financial support.
About CWG:
i.It is a quadrennial international multisport event among athletes from the Commonwealth nations. The 1st CWG was held in 1930 in Hamilton, Ontario, Canada.
ii.So far, India hosted the CWG only once in 2010 in New Delhi, Delhi.
IMPORTANT DAYS
World Maritime Day 2024 – September 26 
The United Nations (UN)’s World Maritime Day(WMD) is annually observed across the globe on the last Thursday of September to celebrate the importance of maritime activities and to recognise the contribution of the maritime industry towards global development.
- World Maritime Day 2024 was observed on 26th September 2024.
- The theme of World Maritime Day 2024 is “Navigating the future: safety first!”.
- The annual observance of WMD is led by the International Maritime Organization (IMO).
Background:
i.The World Maritime Day was first celebrated on 17th March 1978, to mark the date of the IMO Convention’s entry into force in 1958.
ii.Since 1978, the WMD has been celebrated across the globe during the last Thursday of September.
About International Maritime Organization (IMO):
Secretary-General– Arsenio Dominguez
Headquarters– London, The United Kingdom
Established– 1958
>> Read Full News
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