Current Affairs Quiz - January, 2025

Notes:
China launched the world’s largest Compressed Air Energy Storage (CAES) project, “Nengchu-1”. It has begun full operation in Yingcheng, Hubei Province, China. It marks a milestone in China’s energy storage technologies and is the largest CAES facility globally. CAES stores electrical energy as potential energy by compressing air into sealed spaces like underground mines or salt rock caverns. Energy is stored during off-peak hours and released to the grid during peak demand.

Notes:
Larsen & Toubro launched the second multi-purpose vessel, INS Utkarsh, for the Indian Navy at Kattupalli Shipyard near Chennai. INS Utkarsh, meaning “Superior in Conduct,” is built by L&T Shipbuilding Limited. The vessel is 106m long, 18.6m wide, with a displacement over 3,750 tonnes, and a maximum speed of 15 knots. It will enhance maritime surveillance, patrolling, and disaster relief capabilities of the Navy. The launch follows the first MPV, INS Samarthak, within three months. This aligns with India’s Aatmanirbhar Bharat and Make in India initiatives, showcasing indigenous shipbuilding progress.

Notes:
The Union Minister for Commerce and Industry recently inaugurated the National Turmeric Board in New Delhi. The Board aims to lead turmeric-related matters and enhance coordination with the Spices Board and other government agencies. It will include a Chairperson, a Secretary from the Department of Commerce, members from various ministries, and representatives from top turmeric-growing states. The Board will focus on research, value addition, promoting turmeric’s medicinal properties, improving yield, logistics, and exploring international markets. Quality and safety standards for turmeric production and exports are also key goals. The headquarters is in Nizamabad, Telangana.

Notes:
Experts link the severity of wildfires in the USA to hydroclimate whiplash, intensified by climate change. Hydroclimate whiplash is a rare condition where a wet season is followed by an extremely dry one. This leads to increased hazards like flash floods, wildfires, landslides, and disease outbreaks. It can harm water quality due to harmful algal blooms and excess organic or mineral content. It also affects food security by reducing plant productivity, causing crop failures, and leading to livestock mortality.

Notes:
National Startup Day is celebrated on January 16 to honor the entrepreneurial spirit of startup founders in India. India is the third-largest startup hub with over 99,000 registered firms and a $500 billion ecosystem. The Startup India Scheme, launched in 2016, fostered a supportive environment for startups with financial incentives and simplified procedures. In 2022, PM Modi declared January 16 as National Startup Day.

Notes:
Odisha has launched a pension scheme providing ₹20,000 per month for individuals detained during the Emergency (1975–1977). The scheme also covers medical expenses for eligible recipients alive as of January 1, 2025. Similar pension schemes exist in Haryana, Madhya Pradesh, Chhattisgarh, Jharkhand, Rajasthan, and Assam. Those arrested under the Maintenance of Internal Security Act, Defence of India Rules, and related laws during the Emergency can apply. Over 300 people in Odisha are eligible, with an annual cost of ₹8 crore for the state government. Applications are required for pension and medical benefits.

Notes:
The United States opened its fifth consulate in India in Bengaluru, joining Kolkata, Chennai, Hyderabad, and Mumbai. The consulate aims to strengthen US-India ties, especially with Karnataka’s thriving IT and business ecosystem. The consulate will reduce dependency on Chennai for visa services, benefiting Karnataka residents and businesses.

Notes:
The United Nations Children’s Fund (UNICEF) report “Prospects for Children in 2025” warns of escalating crises affecting children globally. More than 473 million children, or 19%, lived in conflict zones in 2023, facing risks like displacement, starvation, and trauma. Nearly 400 million children are in countries burdened by debt, limiting education, healthcare, and social services. In low-income nations, debt servicing outpaces social spending, deepening poverty for 1.8 billion children. Climate change impacts children, with only 2.4% of climate finance directed to child-responsive initiatives. Digital inequality affects access to essential services, especially for youth in low-income countries and adolescent girls. UNICEF calls for increased financing to protect children’s health, education, and well-being.

Notes:
India becomes the fourth country to successfully achieve Space Docking Experiment (SpaDeX), after the US, Russia, and China. The technology allows two satellites to dock in space, enabling the assembly of larger modules and overcoming rocket payload limits. This technology is crucial for long-duration missions, Mars exploration, lunar sample return, and the planned Bharatiya Antariksh Station for resupply and crewed missions.

Notes:
The International Monetary Fund (IMF) retained India’s growth projection at 6.5% for FY26 and FY27, citing it as “in line with potential.” Growth in India slowed due to an unexpected deceleration in industrial activity, with 5.4% growth reported for the September quarter. The World Bank maintained its higher growth projection for India at 6.7% for FY26 and FY27, predicting it to remain the fastest-growing major economy. The World Bank highlighted growth driven by the services sector, strengthened manufacturing, improved logistics, and tax reforms. NSO’s First Advance Estimates project FY25 growth to slow to 6.4%, below RBI’s 6.6% forecast for FY25.