Monthly Current Affair GK Digest: January 2025

International News

This collaboration is a significant step towards achieving India's ambitious renewable energy goals.
Key elements of the partnership include:

Multi-Donor Trust Fund (MDTF): A $100 million fund to support high-impact solar projects. This fund will finance initiatives aimed at scaling up solar energy production and integrating it into India's energy grid.
Digitalization of Utilities: The partnership focuses on modernizing and digitalizing utilities to enhance efficiency and reliability in energy distribution.
Innovative Initiatives: Programs like DUET (Digital Utilities Empowerment and Transformation) and ENTICE 2.0 (Enhanced New Technologies and Innovations for Clean Energy) will foster innovation and support the development of new technologies in the renewable energy sector.
Renewable Energy Targets: The collaboration aims to help India achieve its target of 500 GW of renewable energy capacity by 2030, significantly reducing the country's carbon footprint and promoting sustainable development.

This agreement was formalized in New Delhi and aims to strengthen regional energy security and promote renewable energy growth.
Here are some key aspects of the project:

Capacity: The project will have a generation capacity of 900 MW.
Partnership: It involves a collaboration between IREDA, SJVN, GMR, and NEA.
Model: The project will be developed under a Build-Own-Operate-Transfer (BOOT) model, which means the consortium will build, own, and operate the project for a specified period before transferring it to the government.
Term: The project term is 25 years from the Commercial Operation Date (CoD).
Location: Upper Karnali Hydropower Project is situated on the Karnali River in Nepal.
Objective: The aim is to leverage hydropower potential to enhance regional energy security and provide sustainable, renewable energy to both India and Nepal.

This stunning bridge is 77 meters long and 10 meters wide. It connects two iconic landmarks: the Vivekananda Rock Memorial and the Thiruvalluvar Statue.
Constructed at a cost of ₹37 crore, the bridge offers breathtaking views of the sea below, creating an exhilarating experience for visitors.
This architectural marvel is expected to significantly boost tourism in the region, attracting both domestic and international travelers.

This innovative digital platform, launched on January 2, 2025, aims to revolutionize the agricultural extension system in India.
Key Highlights:

Digital Platform: Provides farmers with access to agri-startup technologies, government schemes, market information, and modern agricultural practices.
Crop Production: Enhances crop yield and quality through advanced information and technologies.
Supply Chain Management: Streamlines the supply chain, reducing wastage and improving efficiency.
Market Access: Offers real-time information on market prices and best practices for marketing produce.
Government Schemes: Simplifies access to various government schemes and subsidies for farmers.

Dormant Accounts: These are accounts that have had no activity for over two years. They will be closed under the new guidelines.
Inactive Accounts: Accounts with no activity for over 12 months will also be subject to closure.
Zero Balance Accounts: Accounts that have no balance will be closed to enhance banking security.
Reactivation: Account holders can reactivate their accounts by updating their Know Your Customer (KYC) details and making regular transactions.

Market Share Cap: Limits any single UPI app to 30% of the total UPI transaction volume.
Initial Deadline: Originally set for December 31, 2024.
Extension: Now extended to December 31, 2026.
Reason: Allows major players like PhonePe and Google Pay more time to comply, ensuring a smooth transition and continued growth of the UPI ecosystem.

This digest is not complete. Read the complete digest on the General Awareness Course.