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17-Jan-2025 CURRENT AFFAIRS

🎯 Challenge for Aspirants: Pick one UPSC previous year question, solve it, and analyze the model answer. Post your insights or learnings below! Let’s redefine preparation with purpose and persistence. 🚀 #UPSCPreparation #CivilServices #ThinkLearnEvolve"

*Economic Times* 📝 India's exports to Bangladesh dip amid 'volatile' situation 📝 Q2 CAD to widen to a seven quarter high of 1.6 pc: Report 📝 ITC to link 1 crore farmers, expand MAARS ecosystem with 4,000 FPOs in 4 years 📝 Canara Bank gets RBI nod to divest stake in Canara Robeco AMC, Canara HSBC Life Insurance via IPO 📝 NHAI to issue Rs 1000 crore green bond for Delhi-Mumbai Expressway project 📝 RBI adds 27 tn gold to country's reserve in October: WGC 📝 Sebi asks merchant bankers to upload IPO documents on exchange's repository platform 📝 Natural disasters cause $310 billion in economic losses in 2024: Swiss Re 📝 HDFC Ergo aims at 18 per cent growth in retail health insurance in FY 25 📝 OnePlus lines up ₹6,000 cr to boost innovations in India 📝 Food processing sector attracts USD 368.37 mn FDI till Sep FY25 📝 Russia's Rosneft invested $20 bn in India, govt quotes Putin as saying 📝 IFFCO seeks govt nod to launch new nano NPK fertiliser in retail mkt 📝 Meta pushes zero-carbon energy strategy with solar deal 📝 Swiggy, Razorpay, Cred, others join Startup Policy Forum launched by former Peak XV Partners executive *Business Standard* 📝 BharatPe launches 'Shield' to protect users from digital transaction frauds 📝 Vi board to consider Rs 2K crore preferential issue to Vodafone Group 📝 Flipkart-owned Myntra launches 30-minute order delivery with 'M-Now' 📝 Hyundai to increase car prices by up to Rs 25,000 amid rising costs 📝 Google signs MoU with AP govt to accelerate AI adoption and innovation 📝 Potential shifts in US trade policy to affect trade in 2025: Unctad 📝 PSBs lag behind on govt insurance enrolment targets, shows data 📝 Over 70% MSMEs use biz loans for immediate financial needs: Study 📝 Foreign investors turn net buyers in second half of November, shows data 📝 Vishal Mega Mart to float Rs 8,000 crore public issue on December 11 📝 Market regulator Sebi warns against unregistered online debt platforms 📝 Centre clears way for non-mineralised areas in existing mining leases 📝 Over 304.3 mn informal workers registered on e-Shram portal: Govt 📝 Extension of production cuts by Opec+ won't impact India: Govt officials 📝 Wealth of global billionaires surges by 17% due to US gain: Swiss Bank UBS *Financial Express* 📝 Projects worth Rs 50,000 crore get support of agri-infra fund 📝 Govt open to alternative financing model for MSME exporters: Piyush Goyal 📝 Gautam Solar plans to raise Rs 1,000 crore via IPO for solar cell manufacturing unit 📝 RBI raises NDF market bets to tackle weakening rupee 📝 Centre aims to make post offices key to rural India’s financial growth *Mint* 📝 French govt collapses after no-confidence vote; Barnier ousted over Budget Bill 📝 Delhi-NCR pollution: CAQM revokes measures under stage 3 and 4 of GRAP 📝 Fairfax India to buy addl 10 pc stake in Bengaluru airport operator BIAL 📝 Intel appoints semiconductor veterans Eric Meurice and Steve Sanghi to its board 📝 CAG report flags lapses in Hindustan Copper operations, highlights revenue loss 📝 Avg housing prices up in 23 major tier II cities; rates fall in 5 small towns: PropEquity 📝 Citigroup launches AI tools for 1,40,000 employees in 8 countries 📝 GIC to acquire larger stake in Asia Healthcare Holdings from majority owner TPG 📝 Kuwait Petroleum explores storing crude in Indian strategic reserves.

*Lok Sabha Passes The Banking Laws (Amendment) Bill 2024* A few of the amendments made under the Banking Regulation Act include: 1. Revision to the reporting date for the submission of statutory reports by banks to the RBI, from reporting every Friday to the last day of the fortnight, month, or quarter. 2. Propose to allow four nominees for depositors 3. Propose to extend the tenure of non-whole-time directors from eight years to 10 years 4. Propose to redefine the definition of substantial interest 5. The value of shareholding is to be raised from Rs 5 lakh to Rs 2 crore to be substantial interest. 6. Propose to provide public sector banks the discretion in remuneration to The announcement of amending the Banking Regulation Act was made by the finance minister in the budget speech of 2023-24. The bill was introduced in Lok Sabha on Aug. 9, 2024.

🌟 Start Your Week Strong, UPSC Aspirants! This Monday, set the tone for a productive week: ✅ Plan your goals and focus on weak area ✅ Stay updated on current affairs, like COP29 on climate change and India’s G20 role. ✅ Tackle challenging topics early Consistency and focus are key to progress. Wishing you all a focused and fruitful week ahead! #UPSC #MondayMotivation #CurrentAffairs #CivilServices #Productivity

When you’re studying "Fiscal Deficit" but your energy feels like a budget deficit. 😅 Balance is key—whether in economics or life. Keep moving, one step at a time! #UPSC #FiscalDeficit #Motivation #KeepGoing

An old man once planted a tree, knowing he wouldn’t live to enjoy its shade. When asked why, he smiled and said, “Because the next generation will.” The UPSC journey is just like that—hours of study, sleepless nights, and endless sacrifices, all for a vision bigger than yourself. It’s not just about cracking an exam; it’s about building a legacy, shaping the nation, and creating a future for others. Every page you read, every mock test you attempt, is a seed you’re planting for a stronger, better tomorrow. Stay patient, stay persistent, and remember: the shade will be worth it. #UPSC #KeepGoing

🎯 Got Exam Doubts? We’ve Got You Covered! 🎯 ✨ One-to-One Doubt Clearing Session with Shefali ! 🔍 Ask your exam preparation questions and get personalized guidance. 📩 Drop us an email at menteeacademy@gmail.com, and DM us Shefali will connect with you! 🚀 Let’s ace the exam together! #ExamPreparation #DoubtClearing #MenteeAcademy #StudyTips #OneToOneSession #Shefali

Remember, perseverance wins the race. Another Tuesday, another opportunity to outwork your competition.😊

Remember, perseverance wins the race. Another Tuesday, another opportunity to outwork your competition.😊

The question is about the Right to Constitutional Remedies, enshrined in Article 32 of the Indian Constitution, which empowers citizens to move to the courts to enforce their Fundamental Rights. This right is significant because it ensures that the judiciary can uphold the principles of justice Explanation of Statements 1. It is described as the “heart and soul” of the Indian Constitution by Dr. B.R. Ambedkar This statement is correct. Dr. B.R. Ambedkar emphasized Article 32 as one of the most critical rights because it safeguards other Fundamental Rights. Without the ability to enforce rights, their value diminishes. Source: Dr. B.R. Ambedkar's framing of the Constitution. 2. It empowers individuals to approach the judiciary for the enforcement of Fundamental Rights Correct. Article 32 allows individuals to directly approach the Supreme Court (or High Courts under Article 226) to enforce their Fundamental Rights if they are violated. 3. Both the Supreme Court and High Courts have the power to issue writs for its enforcement Correct. The Supreme Court (Article 32) and High Courts (Article 226) can issue writs (e.g., habeas corpus, mandamus, prohibition, quo warranto, certiorari) to enforce Fundamental Rights. However, High Courts can also use this power for other legal rights. Explanation of Options a) 1 and 2 only Incorrect. While statements 1 and 2 are correct, this option excludes statement 3, which is also valid. b) 2 and 3 only Incorrect. This option omits statement 1, which is critical because Ambedkar's description underscores the importance of Article 32. c) 1 and 3 only Incorrect. This excludes statement 2, which is a fundamental part of Article 32's purpose. d) 1, 2, and 3 Correct. All statements are valid and collectively highlight the importance of Article 32. Conclusion The correct answer is d) 1, 2, and 3, as all statements accurately describe aspects of the Right to Constitutional Remedies, its enforcement mechanism, and its significance in the constitutional framework. This right ensures that individuals can directly approach the judiciary when their Fundamental Rights are violated, making it a cornerstone of Indian democracy.