Current Affairs Quiz - November, 2024

Notes:
China’s president has launched the $1.3 billion Chancay megaport in Peru, transforming a small fishing town into a major global port. The port, majority-owned by China’s Cosco shipping company, is located in Peru’s coastal desert. Chancay, a remote area where many lack basic amenities like running water, is being developed into a deep-water port. This megaport aims to capitalize on China’s increasing interest in South America’s resources, linking the region more closely with Asian markets.

Notes:
China’s Chang’e-6 mission made history by retrieving the first surface samples from the moon’s far side, revealing volcanic rock fragments dating back 4.2 billion years. This discovery provides crucial insights into the moon’s geological history and long periods of volcanic activity, suggesting that the far side was once more dynamic than it is today. The mission highlights the differences in composition between samples from the near and far sides of the moon, enhancing our understanding of lunar volcanism and its cessation due to dwindling internal heat sources over billions of years.

Notes:
Researchers found meter-high chimneys on the Dead Sea floor formed by crystallized minerals from high-salt groundwater. The Dead Sea, also called the Salt Sea, is a saline lake between Jordan and Israel. Its eastern shore lies in Jordan, and the western shore is divided between Israel and the West Bank. It is one of the saltiest water bodies globally, with 34.2% salinity, making swimming feel like floating. The lake has no outlet, so water mainly evaporates, leaving it devoid of life except for algae and microorganisms.

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The first-ever Indian Bison (Gaur) census was conducted in Odisha’s Debrigarh Wildlife Sanctuary, located in Bargarh district near the Hirakud dam. This sanctuary, declared in 1985, is noted for its historical link to freedom fighter Veer Surendra Sai. The sanctuary has dry deciduous forests with flora like Sal and Bija trees and fauna including tigers, leopards, sloth bears, and gaurs. Indian Bisons are one of the largest wild cattle, mainly found in India, Burma, and Thailand.

Notes:
The Sagarmanthan forum, South Asia’s largest maritime event, held in New Delhi and was organized by the Ministry of Ports, Shipping & Waterways (MoPSW) in collaboration with the Observer Research Foundation (ORF). This forum aims to promote knowledge sharing to transform the blue economy while emphasizing inclusive growth and sustainable practices. It focuses on creating a resilient maritime future through actionable insights, reflecting India’s commitment to advancing the global maritime sector.

Notes:
Department of Investment and Capital Asset Management (DIPAM) has issued revised capital restructuring norms for Central Public Sector Enterprises (CPSEs). Financial sector CPSEs like NBFCs must pay a minimum annual dividend of 30% of net profit or 4% of net worth, whichever is higher. These guidelines do not apply to public sector banks, insurance companies, or body corporates. DIPAM operates under the Ministry of Finance and manages Central Government investments in CPSEs. Its key functions include strategic disinvestment, privatisation, minority stake sales, and matters related to capital restructuring, bonuses, and dividends.

Notes:
The Bharat National Cyber Security Exercise (Bharat NCX 2024) was inaugurated by the National Security Council Secretariat (NSCS). The 12-day exercise aims to strengthen India’s cybersecurity resilience. It focuses on leadership engagement and capacity building for tackling cyber challenges. Key activities include immersive training on cyber defense, live-fire simulations of attacks on IT and OT systems, and collaboration among government and industry stakeholders. A Strategic Decision-Making Exercise will simulate national-level cyber crises to improve strategic decision-making under high-pressure scenarios.

Notes:
FAO Director-General QU Dongyu urged all FAO Members and partners to join the newly launched Global Alliance Against Hunger and Poverty. The initiative was officially launched by Brazil at the G20 Leader’s Summit. It aims to accelerate progress toward eradicating poverty and hunger by 2030, in line with Sustainable Development Goals 1 and 2. The alliance also focuses on reducing inequalities as part of SDG 10. It is an ambitious platform, created under Brazil’s G20 presidency, to drive urgent action towards these global goals.

Notes:
The Ministry of Science and Technology launched India’s first Artificial Intelligence (AI) Data Bank to drive innovation and strengthen national security. It provides researchers, startups, and developers access to diverse, high-quality datasets for scalable AI solutions. The launch was by Minister Jitendra Singh at the 7th ASSOCHAM AI Leadership Meet 2024, themed “AI for India: Advancing AI Development – Innovation, Ethics, and Governance.” The AI Data Bank supports real-time analytics for satellite, drone, and IoT data to enhance national security. It also aids predictive analytics in disaster management and cyber security, aligning with India’s AI roadmap.

Notes:
Karnataka is the first state in India to launch a dedicated GCC (Global Capability Centers) policy. The policy aims to establish 500 new GCCs by 2029, creating 3.5 lakh jobs and $50 billion in economic output. The ‘Beyond Bengaluru’ initiative promotes GCC growth in tier-2 and tier-3 cities like Mysuru, Mangaluru, and Hubballi-Dharwad. India’s GCC market is valued at $64.6 billion, with Bengaluru hosting over 875 GCCs contributing $22.2 billion.