Daily Current Affairs 13 July 2024, WBPSC Exam Current Affairs

Daily Current Affairs for WBPSC Exam

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National

India generated 125 million jobs between FY14 and FY23, says SBI Report

• In contrast to the 29 million employments created between FY04 and FY14, India created 125 million jobs between FY14 (2013–14) and FY23 (2022-23), according to data from the Reserve Bank of India (RBI) provided to the Economic Research Department (ERD) of the State Bank of India (SBI).
• Therefore, compared to the previous decadal period of FY04-FY14, jobs added over FY14-23 are 4.3 times larger.
• When agriculture is taken out of the equation, the total number of employment created in the manufacturing and services sector rises by 33%, from 66 million in FY04-FY14 to 89 million in FY14-23.

• According to the research, the total number of jobs held by Micro, Small, and Medium-Sized Enterprises (MSMEs) registered with the Government of India (GoI)'s Ministry of MSME has surpassed 200 million, pointing to a strong expansion in the MSME sector.
• According to the study, as of July 4, 2024, there were around 47 million MSMEs registered on the Udyam portal, reporting 202 million jobs, of which 23.2 million were employed by informal micro firms exempt from the Goods and Services Tax (GST). This is a 66% increase from the 121 million jobs recorded in July 2023.
• The Reserve Bank of India's (RBI) KLEMS (Capital K, Labour L, Energy E, Material M, and Services S) data, which was most recently provided on July 8, 2024, was compared with data from the Employees' Provident Fund Organization (EPFO).
• It was discovered that the percentage of EPFO employment, which are mostly low-paying positions, had decreased from an average of 51% during the course of the five fiscal years FY19–FY23 to 28% in FY24.
• The noteworthy decrease in the proportion of EPFO employment suggests an increase in the availability of higher-paying positions in the economy.
• The RBI's KLEMS data indicated that India's overall labor force is 597 million, which is nearly equal to the 568 million reported in the Annual Survey of Unicorporated Sector Enterprises (ASUSE) 2022–2023, according to the study.
• The RBI study emphasized that, in FY24, the nation added 4.7 million jobs—more than twice as many as in FY23 and the largest amount in four decades.

• Founded in- 1st July 1955
• Headquarters- Mumbai, Maharashtra
• Chairman- Dinesh Kumar Khara
• Tagline-The Banker to Every Indian

Economic

PNB introduces Safety Ring mechanism to enhance security for internet, mobile banking users

• In response to the rising amount of cyber thefts, Punjab National Bank (PNB), the top Public Sector Bank (PSB) in India, has implemented a new security feature called "Safety Ring" within its Internet Banking System (IBS) and Mobile Banking System (MBS).

• Term Deposits (TDs) can have daily transaction limitations established by customers using the optional Safety Ring system. This allows TDs to be closed online or to have an overdraft facility up to the specified limit amount.
• It offers more protection to lessen losses due to unauthorized access.
• The combined digital channels limit for closing the TD or getting an overdraft on it will be the customer-specified limit.
• Customers can use IBS/MBS online or in branches to establish the Safety Ring limit.
• The limit can only be canceled through branches in order to guard against fraudulent online cancellations.
• The new feature ensures that TD cannot be closed, withdrawn, or used to take out loans (overdrafts) that exceed the amount that the consumer has designated.

• Established: May 19, 1894
• Headquarters - New Delhi, Delhi
• MD & CEO:  Atul Kumar Goel
• Tagline - 'The Name You Can Bank Upon'

Appointment

Rajat Sharma Elected as NBDA President

• The News Broadcasters & Digital Association (NBDA) has unanimously chosen Rajat Sharma, the esteemed Chairman and Editor-in-Chief of India TV, to the position of President. This is a huge development for the Indian media landscape.
• At the NBDA board meeting on July 9, 2024, a historic decision was reached that will open a new chapter in the organization's history.

• With nearly all of India's main news networks included, NBDA is the largest association of digital media and news broadcasters in the nation.
• Rajat Sharma has a great reputation in the journalism industry and a plethora of expertise that he brings to his new position.
• Sharma has been a well-known personality in Indian media for many years as the Chairman and Editor-in-Chief of India TV.
• Many view his election to the NBDA presidency as a logical next step, considering his wealth of experience and acute awareness of the prospects and problems confronting the news broadcasting sector.

• Founded: 3 July 2007
• Head Office: New Delhi

Defence

DRDO sanctions seven new projects to the private sector under Technology Development Fund scheme

• Providing impetus to Aatmanirbharta, Defence Research & Development Organisation (DRDO) has awarded seven new projects to industries under the Technology Development Fund scheme for various requirements of the Armed Forces and aerospace & defence sectors.
• These project sanctions are a testimony to the continuing endeavour of DRDO in nurturing Industries, especially MSMEs & start-ups, in defence and aerospace domains.
• The indigenous development of these technologies will strengthen the military industrial ecosystem.

• • Formed: 1958
  • Headquarters: New Delhi
• Chairman: Sameer V. Kamat

Award

Indian Victimology Expert K. Chockalingam, selected for Hans von Hentig Award by World Society of Victimology

• The prestigious Hans von Hentig prize has been selected for retired professor K. Chockalingam of Tamil Nadu, India, in appreciation of his substantial contributions to the field of victimology.
• This award underscores the significance of Indian scholarship on crime victims and their encounters with the criminal justice system on a global scale.

• Renowned Tamil Nadu academic Professor K. Chockalingam has devoted his professional life to victimology research and development. His study has made a substantial contribution to our knowledge of victim rights, victim support networks, and the wider social ramifications of victimization.

• worked as a victimology professor at prestigious Tamil Nadu universities.
• carried out in-depth studies on a range of victimology-related topics.
• published a large number of academic books and articles in the topic
• participated in national and international policy talks on victims' rights

• The prominent German criminologist Hans von Hentig, who made important advances to victimology in the middle of the 20th century, is honored with the Hans von Hentig prize.
• As one of the greatest accolades in victimology and criminal justice studies, this prize is highly regarded.

Important Days

Govt declares 'Samvidhaan Hatya Diwas' on June 25

• The government has declared June 25 to be "Samvidhaan Hatya Diwas" each year.
• Former Prime Minister Indira Gandhi declared a national emergency on this day in 1975.
• Union Home Minister Amit Shah stated on Friday, July 12, 2024, on social media that the move is meant to pay tribute to the millions of people who battled to bring democracy back while being persecuted for no apparent reason by a repressive administration.