Monthly Current Affair GK Digest: August 2024

International News

India welcomed investments from Vietnam in agriculture, agro-processing, aquaculture, wood processing, urban development, infrastructure, bamboo and forestry products, hospitality, tourism, digital technology, electric vehicles, healthcare, and services.
Both countries agreed to deepen economic, strategic, and cultural ties.
Customs Cooperation Arrangement signed by India and New Zealand
Ease trade: Streamline customs procedures and reduce trade barriers.
Enhance cooperation: Increase enforcement cooperation between the two countries.
Exchange knowledge: Share best practices, new customs procedures, and technology.
Resolve issues: Establish a framework for addressing potential trade disputes.
This agreement is expected to boost bilateral trade and economic relations between India and New Zealand.

This initiative, in collaboration with the United Nations Industrial Development Organisation (UNIDO), aims to enhance industrial skills and capabilities.
The centre will focus on promoting partnerships within the New Industrial Revolution (NIR) framework, addressing interests, challenges, and opportunities in the rapidly evolving industrial landscape.
It also aims to support the development of industrial skills and capabilities among its members

The total project cost is estimated at $1.29 billion (Rs. 7,662.47 crore).
Scheduled for completion by May 2026, the GNHCP aims to provide smooth, all-weather motorable roads, enhancing connectivity and socio-economic development in the region.
By improving access to inner regions of the country, the project aims to boost trade, employment opportunities, and inclusive growth, integrating remote areas with mainstream regions.

These SOPs aim to maximize the utilization of precious organs and offer hope to patients awaiting life-saving transplants.
Air Transport: Airlines carrying human organs can request priority take-off and landing from Air Traffic Control. They can also arrange front-row seats and priority reservations for medical personnel.
Green Corridors: Defined routes free from obstructions will be established for quick transport from ambulances to aircraft and vice versa.
One Trigger System: A request from the organ allocation authority will initiate the creation of green corridors to facilitate transport.
These guidelines are designed to ensure that organs are transported efficiently and safely, thereby increasing the chances of successful transplants.

C2treds is a platform that offers MSMEs liquidity within 24 hours through an online bidding process.
It operates under the Trade Receivables Discounting System (TReDS) initiative, regulated by the Reserve Bank of India (RBI).
Through this collaboration, C2treds aims to enhance liquidity for MSMEs at competitive interest rates.
SIDBI’s participation in the C2treds platform will amplify efforts to support the growth of MSMEs, which are vital for employment in India.

UGRO Capital, a datatech NBFC (Non-Banking Financial Company), has established a strategic co-lending partnership with SIDBI.
This partnership leverages the RBI’s co-lending framework, designed to boost priority sector lending.
UGRO Capital has already extended bespoke finance solutions to over 78,000 MSMEs in India.

SEBI launched India’s first dedicated website for passive funds at the National Stock Exchange (NSE).
The website, called IndiaPassiveFunds.com, empowers retail investors by providing comprehensive information about the Indian passive funds industry.
It includes aggregate industry data, fund-wise details, and screeners for selecting funds based on various parameters like underlying index, AUM, tracking error, trading volume, and more.

SEBI also unveiled a detailed report titled “Indian Capital Markets: Transformative Shifts Achieved Through Technology and Reforms.”
It analyzes the impact of these changes on investors in the country.
The growth and transformation of India’s capital markets have been driven by a collective vision to create a resilient, progressive, and technology-driven ecosystem that benefits investors while ensuring safeguards.

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