News Highlights provides you with the best compilation of the Daily News Highlights taking place across the globe: National, International, Sports, Science and Technology, Banking, Economy, Agreement, Appointments, Ranks, and Report and General Studies
1.
The Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) held steadfast in its battle against inflation amid weakening growth momentum, with four of six members voting to keep policy repo rate unchanged at 6.50% for the 11th bimonthly review in a row. However, acknowledging that the economy is facing tight liquidity conditions that are likely to persist for a few months, it cut the Cash Reserve Ratio (CRR) for banks by 50 basis points to 4%, after a gap of two and half years, in a bid to support growth.
2.
In India's first high-level diplomatic outreach to Bangladesh since the fall of the Sheikh Hasina-led regime, Foreign Secretary will visit Dhaka on December 9, the Ministry of External Affairs announced on Friday. His visit is part of "structured interactions" with Bangladesh, MEA spokes- person Randhir Jaiswal said.
3.
The high rate of deletions has coincided with the government's push for the Aadhaar-Based Payment System (ABPS). In January 2023, the Ministry of Rural Development man- dated the nationwide implementation of ABPS for MGNREGS. To be eligible for ABPS, workers must meet conditions such as their Aadhaar must be linked to their job card, the name on the Aadhaar must match the name on the job card, and their bank account must be Aadhaar- seeded and mapped to the National Payments Corporation of India.
4.
The Supreme Court fixed in January a detailed hearing of a petition seeking to bring down the permissible water level of the Mullaperiyar dam in Kerala from 142 ft to 120 ft to obviate the possibility of a dam breach.
5.
The Indian Space Research Organisation (ISRO) and the European Space Agency (ESA) has signed a Technical Implementing Plan (TIP) document for ground tracking support for India's Gaganyaan missions.
6.
The 25,000-strong Nicobarese population appears to have a significant ancestral connection with Austroasiatic populations across South and Southeast Asia and, they could have settled in the region only about 5,000 years ago, according to new genetic research by scientists from CSIR-Centre for Cellular and Molecular Biology (CCMB) and others. –
7.
Understanding how public health crises intersect with surveillance, control, and governance is crucial for addressing modern challenges. Historical epidemics, such as the 1896 Bombay Plague, reveal how authorities have navigated these issues. In colonial India, mapping and policing were not just disease management tools; they served as instruments of surveillance and control. Examining these strategies offers insights relevant to contemporary public health policy and practice.
8.
India's journey to becoming a global manufacturing hub has gained momentum with the government's strategic policy initiatives, particularly the Production Linked Incentive (PLI) scheme. This scheme has been instrumental in transforming the manufacturing landscape in sectors such as mobile manufacturing, electronics, pharmaceuticals, automobile, and textiles, among others, through enhanced production, exports and job creation.
9.
India's growth aspirations have spurred the national mining industry to extract more minerals for use in construction. One such mineral is silicon dioxide, or silica, an important component of sand and stone. Mine workers exposed to silica dust for many years have a heightened risk of developing silicosis, wherein microscopic silica particles are lodged in lung tissue, hampering their normal function.
10.
While heavy rainfall during the northeast monsoon is common at this time of the year in Tamil Nadu, the State and the Union Territory of Puducherry did not expect Cyclone Fengal to cause such widespread devastation when it crossed the eastern coast on the night of November 30. On December 1, unusually heavy rainfall (40 cm to 50 cm) was recorded in many places in Puducherry and the northern and northwestern parts of Tamil Nadu. Among the coastal districts, Chennai was less affected.
11.
The Trump administration deserves a "lot of the credit" for the take-off of the Quad in its second iteration, External Affairs Minister S. Jaishankar said on Friday. He said the U.S. Presidentelect's concerns on alliances and burden-sharing do not apply to the quadrilateral grouping as everyone contributes a "fair share". Mr. Jaishankar said the stand-off with China impacted the relationship between the two countries, and following the disengagement, there is a need for de-escalation because "there's still a very large number of forces" at the border areas.
12.
The Indira Gandhi Prize for Peace, Disarmament and Development for 2024 will be conferred on former Chilean President and prominent human rights voice Michelle Bachelet, a statement issued by the Indira Gandhi Memorial Trust said on Friday. The international jury for the award was chaired by former National Security Adviser Shivshankar Menon.
13.
India has bagged the International Social Security Association's Good Practice Award for Asia and Pacific for this year for five services provided by the Employees' Provident Fund Organisation (EPFO).
14.
India has no plans for de-dollarisation, RBI Governor Shaktikanta Das said in response to a question on U.S. President- elect Donald Trump's threat to slap 100% tariffs on BRICS nations planning a common currency to challenge the hegemony of U.S. dollar in global trade.
15.
The Reserve Bank of India (RBI) has introduced an Artificial Intelligence (AI) and Machine Learning (ML) based MuleHunter AITM to prevent and mitigate digital frauds through the use of mule accounts.
16.
The MPC (Monetary Policy Committee) is committed to restoring balance between inflation and growth, which has got unsettled over the past few months. The RBI will use its various policy instruments to create the conditions for restoring the inflation growth balance. The credibility of the flexible inflation targeting framework needs to be reserved. Inflation has to be brought down in the interest of sustainable growth. Prudence, practicality and timing, will continue to be the guiding principles for the Reserve Bank's future actions. Timing of actions is the key.
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