All questions of October 2023 for CLAT Exam

According to the Consumer Pyramids Household Survey by the Centre for Monitoring Indian Economy (CMIE), the unemployment rate in India for September 2023 is 7.1%, marking a significant decrease from the previous month.

The aim of the Aspirational Blocks Programme (ABP) is to enhance the quality of life for citizens in aspirational blocks. The program focuses on addressing the developmental gaps and challenges faced by these blocks, which are identified as socio-economically backward areas in India. By implementing various initiatives and interventions, the ABP aims to uplift the standard of living and well-being of the people residing in these blocks.

Key initiatives under the ABP:

1. Infrastructure development: The ABP aims to improve the infrastructure in aspirational blocks by providing better road connectivity, electricity, water supply, sanitation facilities, and other basic amenities. This is essential for enhancing the overall quality of life and promoting socio-economic development in these areas.

2. Skill development and employment generation: The program focuses on providing skill development training to the youth in aspirational blocks, equipping them with the necessary skills to find employment opportunities. This helps in reducing unemployment and poverty levels in these areas, thereby improving the living conditions of the residents.

3. Health and nutrition: The ABP emphasizes the importance of healthcare and nutrition in aspirational blocks. It aims to strengthen the healthcare infrastructure, provide better access to healthcare services, and promote awareness about nutrition and hygiene. This helps in improving the overall health and well-being of the people living in these blocks.

4. Education and digital literacy: The program recognizes the significance of education and digital literacy in empowering individuals and communities. It focuses on improving the quality of education in aspirational blocks, providing access to digital resources and technology, and promoting digital literacy among the residents. This helps in bridging the digital divide and promoting inclusive growth.

5. Financial inclusion: The ABP aims to promote financial inclusion in aspirational blocks by ensuring access to banking and financial services. It focuses on increasing financial literacy and providing financial assistance to aspiring entrepreneurs and individuals in need. This helps in promoting entrepreneurship, economic development, and poverty alleviation in these areas.

Overall, the Aspirational Blocks Programme (ABP) seeks to bring about a positive transformation in the socio-economic landscape of aspirational blocks, with the aim of enhancing the quality of life for the citizens residing in these areas. The program focuses on addressing the key development challenges and gaps in these blocks by implementing various initiatives across different sectors.

The Bharatiya Bhasha Utsav, launched by Union Minister Dharmendra Pradhan, primarily focuses on celebrating Indian languages and technology. It aims to showcase the diverse languages of India and their technological applications in various industries and government organizations.

As per the World Energy Outlook 2023, the IEA reiterates its stance that all new fossil fuel projects should be immediately halted to achieve net-zero emissions by 2050. This underscores the urgency of transitioning to cleaner energy sources to combat climate change.

The main objective of the Women’s Reservation Bill 2023 recently approved by President Droupadi Murmu is to ensure 33% reservation for women in the State Legislative assemblies and National Capital Territory (NCT) of Delhi.

Explanation:
The Women’s Reservation Bill 2023 aims to address the issue of gender inequality and underrepresentation of women in politics. It seeks to provide a certain percentage of seats reserved exclusively for women in the State Legislative assemblies and National Capital Territory (NCT) of Delhi. This move is considered a significant step towards promoting gender equality and empowering women in the political arena.

Here is a detailed explanation of the main objective of the Women’s Reservation Bill 2023:

1. Ensuring representation:
The primary objective of the Women’s Reservation Bill is to ensure adequate representation of women in the political decision-making process. By providing 33% reservation for women in the State Legislative assemblies and NCT of Delhi, the bill aims to create a more inclusive and representative political system.

2. Addressing gender inequality:
Gender inequality is a prevalent issue in many societies, including India. The Women’s Reservation Bill aims to address this inequality by promoting equal participation of women in politics. By reserving seats for women, the bill seeks to bridge the gender gap in political representation and decision-making.

3. Empowering women:
The reservation of seats for women in the State Legislative assemblies and NCT of Delhi can have a significant impact on empowering women. It provides them with a platform to voice their concerns, advocate for their rights, and contribute to policy-making processes. This empowerment can lead to positive social change and greater gender equality.

4. Promoting women's issues:
With increased representation of women in politics, the Women’s Reservation Bill aims to prioritize and address women's issues effectively. Women legislators can bring their unique perspectives and experiences to the forefront, leading to policies and legislation that better reflect the needs and aspirations of women.

5. Setting an example:
The passage of the Women’s Reservation Bill can serve as an example for other countries and societies facing similar challenges. By taking proactive steps to promote gender equality in politics, India can inspire and encourage other nations to follow suit.

In conclusion, the main objective of the Women’s Reservation Bill 2023 is to ensure 33% reservation for women in the State Legislative assemblies and NCT of Delhi. This move aims to promote gender equality, empower women, address gender inequality, prioritize women's issues, and set an example for other countries.

Tele-MANAS Logo Inaugurated on World Mental Health Day
In a significant development on World Mental Health Day, Union Minister Mansukh Mandaviya inaugurated the Tele-MANAS logo. This initiative aims to provide mental health services to individuals through telemedicine, thereby increasing accessibility and convenience for those in need of support.

Tele-MANAS Initiative
The Tele-MANAS initiative focuses on addressing mental health issues by offering virtual consultations, therapy sessions, and support services to individuals. By leveraging telemedicine technology, this program aims to bridge the gap in mental health services and reach a larger population across different regions.

Importance of Tele-MANAS
Tele-MANAS plays a crucial role in promoting mental well-being and offering timely intervention to those struggling with mental health concerns. By providing remote access to mental health professionals, individuals can seek support and guidance without the constraints of physical distance or availability of local services.

Significance of the Inauguration
The inauguration of the Tele-MANAS logo signifies a commitment to prioritizing mental health and fostering innovative solutions to address mental health challenges. By launching this initiative on World Mental Health Day, the government highlights the importance of mental well-being and the need for accessible mental health services for all individuals.

Conclusion
The inauguration of the Tele-MANAS logo by Union Minister Mansukh Mandaviya on World Mental Health Day underscores the government's dedication to promoting mental health awareness and providing support to those in need. This initiative is a step towards ensuring that mental health services are readily available to individuals, regardless of their location or circumstances.

The 'Rozgar Prayag Portal' was introduced in Uttarakhand by the Ministry of Commerce & Industry, as mentioned in the text. This portal aims to facilitate employment opportunities in the state.

Productivity Linked Bonus (PLB) approved for railway employees for the financial year 2022-2023

The Union Cabinet has approved the payment of Productivity Linked Bonus (PLB) to railway employees for the financial year 2022-2023. The PLB is a performance-based incentive given to the employees of the Indian Railways to motivate them and improve their productivity.

Amount of PLB:
The approved amount of PLB for railway employees for the financial year 2022-2023 is 78 days' worth of wages. This means that eligible railway employees will receive a bonus equivalent to 78 days' salary.

Significance of PLB:
The PLB scheme for railway employees was introduced to provide them with additional financial support and to recognize their contribution towards improving the performance and productivity of the Indian Railways. The bonus is calculated based on the productivity and performance of the employees, which encourages them to work efficiently and achieve better results.

Calculation of PLB:
The PLB amount is calculated based on the average salary of the employee and the number of days for which the employee has rendered service during the specified period. The formula for calculating PLB is as follows:

PLB = (Average Salary / 30.4) * Number of days of eligible service

Here, the average salary is divided by 30.4 to calculate the daily wage rate. The number of days of eligible service is the number of days for which the employee has worked during the financial year.

Impact on railway employees:
The approval of 78 days' worth of PLB for railway employees will have a positive impact on their financial well-being. It will provide them with an additional source of income and help in meeting their various expenses. The bonus amount will be disbursed to the employees in a timely manner, providing them with much-needed financial support.

Conclusion:
The approval of 78 days' worth of PLB for railway employees for the financial year 2022-2023 by the Union Cabinet is a welcome move. It recognizes the hard work and dedication of the employees and provides them with a well-deserved bonus. This decision will not only boost the morale of the railway employees but also contribute to the overall productivity and performance of the Indian Railways.

In the context of agriculture, sustainability refers to the ability to meet present-day needs in terms of food production and natural resource management without compromising the ability of future generations to meet their own needs. It involves finding ways to maximize productivity while minimizing negative environmental impacts, conserving resources, and promoting social and economic well-being.

Sustainable agriculture practices aim to optimize the use of resources such as water, soil, and energy, while minimizing pollution, erosion, and other negative impacts on the environment. This can involve using organic or regenerative farming methods, practicing crop rotation, minimizing pesticide and fertilizer use, and implementing efficient irrigation systems.

Sustainable agriculture also emphasizes the importance of social and economic equity. It involves ensuring fair wages and working conditions for farmers and farm workers, supporting local communities and economies, and promoting food security and access for all.

Overall, the goal of sustainable agriculture is to create a system that can endure and thrive in the long term, balancing the needs of the environment, society, and the economy.

Memorandum of Understanding (MoU) for cooperation in Digital Technologies between India and France

In recent years, India has been actively seeking collaborations and partnerships with various countries to enhance its digital capabilities. One such collaboration is the Memorandum of Understanding (MoU) approved by the Cabinet for cooperation in Digital Technologies between India and France.

Objective of the MoU
The MoU aims to strengthen the bilateral relationship between India and France in the field of digital technologies. It focuses on fostering cooperation in areas such as digital infrastructure, cybersecurity, artificial intelligence, and data protection. The objective is to promote the exchange of knowledge, expertise, and best practices between the two countries to accelerate digital transformation.

Key areas of cooperation
1. Digital Infrastructure: The MoU emphasizes the importance of developing robust digital infrastructure to support the digital economy. It aims to promote collaboration in areas such as broadband connectivity, internet of things (IoT), and e-governance.

2. Cybersecurity: With the increasing threat of cyber attacks, both India and France recognize the importance of cybersecurity. The MoU seeks to enhance cooperation in areas such as information sharing, capacity building, and joint research and development to combat cyber threats.

3. Artificial Intelligence (AI): AI has emerged as a transformative technology with applications in various sectors. The MoU aims to promote collaboration in AI research, development, and deployment. It also emphasizes the need to ensure ethical and responsible AI practices.

4. Data Protection: With the increasing digitalization of personal data, data protection has become a critical concern. The MoU emphasizes the importance of privacy and data protection laws. It aims to facilitate the exchange of best practices and expertise in this area.

Benefits of the MoU
- Knowledge sharing: The MoU provides a platform for India and France to exchange knowledge, expertise, and best practices in digital technologies. This will help both countries to learn from each other's experiences and enhance their respective digital capabilities.

- Innovation and research: Collaboration in areas such as AI and cybersecurity will spur innovation and research activities. Joint projects and research initiatives will lead to the development of cutting-edge technologies and solutions.

- Economic growth: The MoU will contribute to economic growth by promoting digital transformation and enhancing the competitiveness of both India and France. It will create opportunities for collaboration between Indian and French companies, leading to job creation and increased trade in the digital sector.

In conclusion, the MoU approved by the Cabinet for cooperation in Digital Technologies between India and France is a significant step towards strengthening the bilateral relationship and enhancing digital capabilities. It focuses on key areas such as digital infrastructure, cybersecurity, AI, and data protection. The collaboration between the two countries will drive innovation, economic growth, and ensure a secure and inclusive digital future.

The Cabinet approved an MoU between India and Papua New Guinea, Trinidad and Tobago for Digital Transformation. This agreement is set to enhance digital initiatives in these regions, making it a pivotal step in their digital transformation.

The Status Holder certification under FTP 2023 offers benefits such as simplified procedures and priority custom clearances, as stated in the text. It eliminates the need for mandatory document negotiation through banks and filing Bank Guarantee for FTP schemes.

Main Objective of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY)

The main objective of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) is to provide financial protection to vulnerable families against high healthcare costs.

Explanation:
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) is a flagship health insurance scheme launched by the Government of India. It aims to provide health coverage to the economically weaker sections of the society who are unable to afford quality healthcare services.

Key Points:

1. Financial Protection: The primary objective of AB PM-JAY is to provide financial protection to vulnerable families. It aims to protect them from the financial burden caused by high healthcare costs, especially for serious illnesses and hospitalizations.

2. Beneficiary Coverage: The scheme provides health coverage to over 10 crore vulnerable families or approximately 50 crore beneficiaries across India. The beneficiaries are identified through the Socio-Economic Caste Census (SECC) data.

3. Coverage of Medical Expenses: AB PM-JAY covers a wide range of medical expenses, including hospitalization, surgeries, diagnostics, medicines, and follow-up care. The coverage extends to both pre-existing conditions and new illnesses or injuries.

4. Cashless Treatment: The scheme provides cashless treatment to the beneficiaries at empaneled public and private hospitals. This eliminates the need for the beneficiaries to pay out-of-pocket expenses and ensures that they receive the required medical care without financial constraints.

5. Portability: AB PM-JAY is a portable scheme, which means that beneficiaries can avail of the benefits across the country. They are not restricted to accessing healthcare services only in their home states.

6. Quality Healthcare: The scheme aims to improve the quality of healthcare services by empaneling hospitals and healthcare providers based on predefined quality standards. This ensures that the beneficiaries receive quality treatment and care.

7. Preventive Healthcare: AB PM-JAY also focuses on promoting preventive healthcare and wellness among the beneficiaries. It encourages regular health check-ups, immunizations, and awareness about healthy lifestyle practices.

Conclusion:
The main objective of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) is to provide financial protection to vulnerable families against high healthcare costs. By providing cashless treatment and covering a wide range of medical expenses, the scheme aims to ensure that all eligible beneficiaries have access to quality healthcare services without facing financial hardships.

REC Limited recently launched the 'SUGAM REC' mobile app for 54EC Bonds investors.

Explanation:
REC Limited, formerly known as Rural Electrification Corporation Limited, is a Government of India owned company that provides financial assistance and promotes electrification and development of rural areas in India. It is a leading public infrastructure finance company in the power sector.

Launch of 'SUGAM REC' Mobile App:
REC Limited recently launched the 'SUGAM REC' mobile app specifically for 54EC Bonds investors. The app aims to provide a seamless and user-friendly platform for investors to apply for and track their investments in 54EC Bonds.

Features of the 'SUGAM REC' Mobile App:
The 'SUGAM REC' mobile app offers several features to enhance the experience of 54EC Bonds investors. Some of the key features include:

1. Easy Application Process: Investors can easily apply for 54EC Bonds through the app. The process is quick, convenient, and eliminates the need for physical paperwork.

2. Tracking Facility: The app allows investors to track the status of their investment applications in real-time. They can stay updated on the progress of their investments through the app.

3. Notifications and Alerts: Investors receive timely notifications and alerts regarding important updates, such as interest payments, maturity date, and other relevant information related to their investments.

4. Secure and User-Friendly Interface: The app provides a secure and user-friendly interface for investors to manage their investments. It ensures the confidentiality and privacy of investor information.

5. Customer Support: The app offers dedicated customer support to assist investors with any queries or concerns related to their investments in 54EC Bonds.

Benefits of the 'SUGAM REC' Mobile App:
The launch of the 'SUGAM REC' mobile app brings several benefits to 54EC Bonds investors. Some of the key benefits include:

1. Convenience: Investors can apply for and track their investments anytime, anywhere through the mobile app. They no longer need to visit physical offices or banks to complete the investment process.

2. Time-Saving: The app streamlines the investment process, saving investors valuable time. It eliminates the need for manual paperwork and reduces the overall processing time.

3. Transparency: Investors can access real-time updates on their investments, ensuring transparency in the process. They can track the status of their applications and receive notifications about interest payments and maturity dates.

4. Enhanced User Experience: The user-friendly interface of the app makes it easy for investors to navigate and manage their investments. It provides a seamless experience that enhances customer satisfaction.

In conclusion, REC Limited's launch of the 'SUGAM REC' mobile app for 54EC Bonds investors demonstrates its commitment to leveraging technology for the convenience and benefit of its investors. The app's features and benefits make it a valuable tool for investors looking to invest in 54EC Bonds and track their investments efficiently.

C) Prasar Bharati

Prasar Bharati, the largest public broadcasting agency in India, has been re-elected as the President of the Asia-Pacific Institute for Broadcasting Development (AIBD) General Conference for its third consecutive term.

AIBD is a regional intergovernmental organization that promotes media development in the Asia-Pacific region. It serves as a platform for broadcasters, trainers, and media professionals to share knowledge, experiences, and best practices in the field of broadcasting.

Prasar Bharati's re-election as the President of AIBD reflects the organization's strong leadership and contribution to the development of broadcasting in the region.

Key Points:
- Prasar Bharati has been re-elected as the President of the Asia-Pacific Institute for Broadcasting Development (AIBD) General Conference.
- This is the organization's third consecutive term as President.
- AIBD is a regional intergovernmental organization that promotes media development in the Asia-Pacific region.
- Prasar Bharati's re-election reflects its strong leadership and contribution to broadcasting development.
- Prasar Bharati is the largest public broadcasting agency in India.
- It operates Doordarshan, the national television network, and All India Radio, the national radio broadcaster.
- Prasar Bharati is responsible for providing public service broadcasting in India and reaching out to diverse audiences across the country.
- The organization plays a crucial role in disseminating information, promoting cultural exchange, and preserving India's rich cultural heritage.
- Prasar Bharati's re-election as the President of AIBD reaffirms its commitment to promoting media development and fostering collaboration among broadcasters in the Asia-Pacific region.
- This recognition highlights India's growing influence in the field of broadcasting and its commitment to advancing media professionalism and excellence.

Recent Registration of Russian Bank with SEBI

Sberbank
Sberbank, the largest bank in Russia, recently registered with the Securities and Exchange Board of India (SEBI) as a foreign portfolio investor (FPI). This registration allows Sberbank to invest in the Indian securities market.

Significance of Registration
This registration enables Sberbank to diversify its investment portfolio and gain access to the Indian market. It also signifies the growing interest of Russian financial institutions in the Indian economy.

SEBI Regulations for FPIs
SEBI has specific regulations in place for foreign portfolio investors, including compliance requirements, reporting obligations, and investment limits. Sberbank will need to adhere to these regulations to operate in the Indian market.

Impact on Indian Market
Sberbank's registration as an FPI can bring in foreign investment, boost liquidity in the market, and enhance bilateral economic ties between Russia and India. It also reflects the confidence of international investors in the Indian market.
In conclusion, Sberbank's registration with SEBI as an FPI is a significant development that opens up opportunities for the bank to invest in India and contribute to the growth of the financial sector in both countries.

The Union Cabinet approved the Nutrient-Based Subsidy (NBS) rates for the Rabi Season 2023-24 with an allocation of Rs 22,303 crore. This decision was influenced by the decreasing international prices of Phosphatic and Potassic (P&K) fertilizers, aiming to support farmers and agricultural productivity.

The full form of "RRTS" in the context of India's transportation infrastructure is "Regional Rapid Transit System." This system aims to provide efficient and high-speed commuter transit connecting various regions.

Significant Partnership Promoting Linguistic Inclusivity in the Financial Services Sector: RBI and Digital India Bhashini Division

The significant partnership that aims to promote linguistic inclusivity in the financial services sector is between the Reserve Bank of India (RBI) and Digital India Bhashini Division. This collaboration is an important step towards ensuring that financial services are accessible to individuals from diverse linguistic backgrounds, thus promoting inclusivity and financial literacy.

Reserve Bank of India (RBI)
- The RBI is the central bank of India and plays a crucial role in the country's financial system.
- It regulates and supervises various financial institutions and ensures the stability and integrity of the banking system.

Digital India Bhashini Division
- The Digital India Bhashini Division is a part of the Digital India initiative launched by the Government of India.
- It focuses on promoting digital literacy and ensuring that digital services are available in multiple Indian languages.

Objective of the Partnership
The objective of the partnership between RBI and Digital India Bhashini Division is to address the language barrier that many individuals face when accessing financial services. By providing financial information and services in multiple Indian languages, this partnership aims to make banking and financial services more inclusive and accessible to individuals who are not proficient in English or Hindi.

Promoting Financial Literacy
- One of the key goals of this partnership is to promote financial literacy among individuals who may be more comfortable interacting in their native language.
- By providing financial information, educational material, and services in multiple languages, the partnership aims to empower individuals with the necessary knowledge to make informed financial decisions.

Enhancing Access to Financial Services
- The collaboration between RBI and Digital India Bhashini Division also aims to enhance access to financial services for individuals who do not speak English or Hindi fluently.
- By providing banking services, such as account opening, loan applications, and customer support, in multiple Indian languages, the partnership aims to remove language barriers and make financial services more accessible to a wider population.

Impact and Benefits
- The partnership between RBI and Digital India Bhashini Division has the potential to significantly improve financial inclusion in India.
- By addressing the language barrier, individuals from diverse linguistic backgrounds will be able to access and utilize financial services more effectively, leading to increased financial literacy and empowerment.
- This initiative will also contribute to the overall digital transformation of the financial services sector in India by making digital services available in multiple languages.

In conclusion, the partnership between RBI and Digital India Bhashini Division is a significant step towards promoting linguistic inclusivity in the financial services sector. By providing financial information and services in multiple Indian languages, this collaboration aims to enhance financial literacy, improve access to financial services, and foster greater financial inclusion in India.

The modification in GST regulations was recommended during the 52nd GST Council Meeting, chaired by Union Finance Minister Nirmala Sitharaman. This meeting empowered the government to make amendments to the Central Goods and Services Tax (CGST) Rules, which are now known as the "CGST (fourth amendment) Rules, 2023."

Unnati Hooda emerged victorious in the women's singles title at the Abu Dhabi Masters 2023 badminton tournament. This was a significant win for India in the world of badminton.

The current policy repo rate set by the Reserve Bank of India (RBI) is 6.50%.

The policy repo rate is the rate at which the central bank lends money to commercial banks for a short term, typically overnight. It is an important tool used by the central bank to control inflation and stimulate economic growth. The repo rate serves as a benchmark for interest rates in the economy.

Importance of the policy repo rate:

- The policy repo rate is a key tool used by the RBI to manage inflation. By increasing the repo rate, the RBI aims to reduce liquidity in the market and make borrowing more expensive. This helps in controlling inflationary pressures in the economy.
- On the other hand, if the RBI wants to stimulate economic growth, it can reduce the repo rate. This lowers the cost of borrowing for banks, encouraging them to lend more to businesses and individuals. This increased liquidity in the market can boost investment and consumption, leading to economic growth.

Factors influencing the policy repo rate:

- Inflation: One of the main factors considered by the RBI when deciding the repo rate is the inflation rate. If inflation is high or expected to rise, the RBI may increase the repo rate to curb inflationary pressures.
- Economic Growth: The RBI also takes into account the state of the economy when determining the repo rate. If the economy is experiencing a slowdown, the RBI may lower the repo rate to stimulate growth.
- Global Factors: External factors such as global economic conditions, oil prices, and exchange rates also influence the repo rate. Changes in these factors can have an impact on inflation and growth prospects in India.

Impact of the repo rate on the economy:

- Borrowing Costs: Changes in the repo rate directly affect the interest rates charged by commercial banks on loans and deposits. When the repo rate is increased, banks may raise their lending rates, making borrowing more expensive for businesses and consumers.
- Investment and Consumption: Lower repo rates encourage borrowing and investment, as the cost of borrowing decreases. This can lead to increased business investment, job creation, and consumer spending, thereby stimulating economic growth.
- Exchange Rates: Changes in the repo rate can also impact exchange rates. Higher repo rates can attract foreign investors looking for higher returns, leading to an appreciation in the currency. Conversely, lower repo rates may lead to a depreciation in the currency as foreign investors seek higher returns elsewhere.

Overall, the current policy repo rate set by the RBI at 6.50% reflects the central bank's assessment of the prevailing economic conditions and its objective of maintaining price stability while supporting economic growth.

India recently signed two MoUs with the Dominican Republic. One MoU focuses on cooperation in ocean sciences, particularly addressing the issue of sargassum seaweed proliferation. The other MoU aims to enhance collaboration in medical product regulation, benefiting both nations' healthcare sectors.

The text indicates that the unemployment rate (UR) under the Current Weekly Status (CWS) has decreased for the third consecutive year since April 2017.

The theme of World Sight Day 2023 is "Love Your Eyes at Work." This global initiative emphasizes eye health awareness.

Appointment of Vice Chairman of Mirae Asset Investment Managers (India) Private Limited

Swarup Anand Mohanty has been appointed as the Vice Chairman (VC) of Mirae Asset Investment Managers (India) Private Limited. He is the first non-Korean individual to hold this position. Let's understand the details of this appointment.

About Mirae Asset Investment Managers (India) Private Limited
- Mirae Asset Investment Managers (India) Private Limited is a subsidiary of Mirae Asset Financial Group, a leading global asset management firm based in South Korea.
- The company offers a wide range of investment products and services that cater to the needs of individual and institutional investors.
- It operates in various asset classes, including equity, fixed income, and alternative investments.

Appointment of Swarup Anand Mohanty
- Swarup Anand Mohanty has extensive experience in the financial services industry, with a career spanning over three decades.
- Prior to his appointment as the Vice Chairman of Mirae Asset Investment Managers (India) Private Limited, he served as the CEO of the company.
- During his tenure as CEO, Mohanty played a crucial role in the growth and development of the organization, helping it become one of the leading asset management companies in India.
- His appointment as the Vice Chairman reflects the recognition of his leadership skills and his contributions to the company's success.

Significance of the Appointment
- Swarup Anand Mohanty being the first non-Korean individual to hold the position of Vice Chairman is a significant milestone for Mirae Asset Investment Managers (India) Private Limited.
- This appointment highlights the company's commitment to diversity and inclusion, as it recognizes the talent and expertise of individuals from diverse backgrounds.
- Mohanty's appointment also reflects the growing importance of India as a key market for Mirae Asset Financial Group and its commitment to further strengthen its presence in the country.
- As the Vice Chairman, Mohanty will continue to contribute to the strategic growth and development of the company, leveraging his deep industry knowledge and expertise.

In conclusion, Swarup Anand Mohanty's appointment as the Vice Chairman of Mirae Asset Investment Managers (India) Private Limited is a significant step towards fostering diversity and recognizing talent from diverse backgrounds. His extensive experience and leadership skills will further contribute to the growth and success of the company.

Applicable GST Rate for Corporate Guarantees:
Corporate guarantees provided by corporations to their subsidiaries fall under the category of services. As per the GST notification, the applicable GST rate for corporate guarantees is 18%.

Explanation:
- Corporate guarantees are considered as supply of services under the Goods and Services Tax (GST) regime.
- The GST rate applicable to services is 18% as per the GST notification.
- Therefore, any corporate guarantees provided by corporations to their subsidiaries will attract an 18% GST rate.

Conclusion:
In conclusion, the applicable GST rate for corporate guarantees provided by corporations to their subsidiaries is 18%. It is important for corporations to be aware of this rate while providing such guarantees to ensure compliance with GST regulations.

The recent amendment to the Cable Television Network (CTN) Rules of 1994 by the Ministry of Information and Broadcasting serves the purpose of introducing a formal procedure for fresh registrations of Multi-System Operators (MSOs). This amendment brings about significant changes in the process of MSO registrations, aiming to streamline the operation and ensure better governance in the cable television industry.

The key objective of this amendment is to establish a structured and transparent mechanism for the registration of MSOs. This will enable the government to have a clear record of all the MSOs operating in the country and ensure that they comply with the necessary regulations and guidelines. By introducing a formal procedure for fresh registrations, the Ministry intends to enhance accountability and facilitate better monitoring of the cable television industry.

Under the amended rules, MSOs are required to submit detailed information and documents for registration. This includes their company profile, ownership details, technical infrastructure, financial statements, and other relevant information. By mandating the submission of these documents, the Ministry aims to ensure that only genuine and qualified operators are granted registrations.

The introduction of a formal procedure for fresh registrations also allows for better scrutiny of applications. The Ministry can now thoroughly evaluate the eligibility of MSOs based on their compliance history, financial stability, technical capabilities, and other relevant factors. This will help in weeding out unscrupulous operators and ensuring a level-playing field for genuine players in the cable television industry.

Moreover, this amendment also sets a clear timeline for the processing of MSO registrations. The Ministry is required to process the applications within a specified period, ensuring that there is no undue delay in the registration process. This is a significant improvement over the previous system, where the processing time varied widely and often led to delays and uncertainty for the operators.

In summary, the recent amendment to the CTN Rules of 1994 by the Ministry of Information and Broadcasting serves the purpose of introducing a formal procedure for fresh registrations of MSOs. This amendment aims to enhance accountability, ensure better governance, and streamline the operation of the cable television industry. By establishing a transparent mechanism for registrations, the Ministry seeks to create a level-playing field and promote the growth of genuine and qualified operators in the sector.

Madhya Pradesh Chief Minister Shivraj Singh Chouhan inaugurated India's largest pumped storage project in the Khemla block of Neemuch district on October 4, 2023. This project aims to integrate more than 7000 MW of renewable capacity. Pumped storage projects are crucial for storing excess energy and ensuring a stable power supply.

The India-Bangladesh Joint Military Exercise SAMPRITI-XI 2023 focuses on strengthening defense cooperation through counter-terrorism operations. It includes tactical drills for hostage rescue, crowd control measures, and the use of helicopters, enhancing both nations' preparedness for such scenarios.

Chief Justice of India (CJI) Dhananjay Yeshwant Chandrachud was honored with the '2022 Center on the Legal Profession (CLP) Award for Global Leadership' by The Harvard Law School.

The correct answer is Option C. The significant change introduced in the Drone (Amendment) Rules 2023 in India is the waiving of the mandatory requirement of a passport for drone pilots. Now, government-issued proof of identity and address, such as Voter ID, Ration Card, or Driving License, can be accepted for applying for a Remote Pilot Certificate, making it more accessible for drone pilots.

The significance of the discovery of "Badis Limaakumi" is that it belongs to the Badis genus, known for its ability to change color. These fish are often referred to as "chameleon fish" due to their distinctive characteristic of changing colors. This discovery adds to India's freshwater biodiversity and highlights the importance of conservation efforts.

Bhopal’s Mahila Thana (women's police station) became the first women-centric police station in India to be awarded the ISO 9001:2015 certification. This certification is a testament to its dedication to excellence and providing quality services.

The World Energy Outlook 2023 report indicates that global investment in clean energy is expected to be nearly five times that of fossil fuels by the year 2030. This trend reflects the world's shift towards sustainable and eco-friendly energy solutions.

The report states that globally, gas demand is projected to grow by 1.6% annually from 2022 to 2026, down from the previous average of 2.5% per year from 2017 to 2021.

According to the IEA report, India's natural gas demand is projected to experience a remarkable 4% upswing in the calendar year 2023. This indicates a significant increase in the demand for natural gas.

ADB's Reforms to Support Sustainable Development Goals

Establishment of the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP)
- ADB has introduced the IF-CAP to mobilize funds for climate action projects in the region.
- This facility aims to promote innovative financing mechanisms to support climate initiatives that align with the SDGs.
- By establishing IF-CAP, ADB has taken a significant step towards addressing climate change challenges and promoting sustainable development.

Memorandum of Understanding (MoU) between India and France in Space Industry
India and France signed a Memorandum of Understanding (MoU) during ISC 2023 to enhance cooperation in the space industry. This MoU signifies the commitment of both countries to collaborate and work together in various aspects of space exploration and technology.

Signatories of the MoU:
- The MoU was signed by ISRO (Indian Space Research Organisation) from India and GIFAS (Groupement des Industries Francaises Aeronautiques et Spatiales) from France.

Objective of the MoU:
- The main objective of this MoU is to strengthen cooperation in the field of space exploration, satellite technology, and other related areas between India and France.

Areas of Cooperation:
- The MoU covers areas such as joint satellite missions, technology transfer, satellite launches, and space research. It also includes collaboration in the development and deployment of new technologies in the space industry.

Benefits of the MoU:
- This MoU will facilitate the exchange of knowledge and expertise between the two countries, leading to the development of innovative technologies and projects in the space sector. It will also enhance the strategic partnership between India and France in the field of space exploration.
Overall, the signing of this MoU between India and France is a significant step towards strengthening cooperation in the space industry and fostering collaboration between the two nations for mutual benefits.

The 150-feet-tall statue of Lachit Barphukan in Assam symbolizes honoring a historical figure. Lachit Barphukan played a significant role in the Ahom kingdom's military history.

The Indian Air Force Day parade that broke gender barriers by having Group Captain Shaliza Dhamia as the parade leader took place in New Delhi.

The 4th and final gathering of G20 Finance Ministers and Central Bank Governors (FMCBG) during India's presidency took place in Marrakech, Morocco, in 2023. This meeting brought together over 370 attendees, including key financial leaders from G20 member countries and international financial institutions.

The Indian Coast Guard (ICG) Training Ship, under construction by Mazagon Dock Shipbuilders, is primarily designed to provide crucial sea training to Coast Guard officers and international under-trainee officers. This training is essential for preparing them to handle various maritime challenges, reinforcing India's maritime security and capabilities.

Exercise Harimau Shakti 2023 aims to enhance military capabilities for conducting Multi-Domain Operations in a sub-conventional scenario. This exercise involves tactical drills, logistics planning, and casualty management simulations to achieve this objective.

The theme of 'HARBINGER 2023' is 'Inclusive Digital Services.' This hackathon encourages innovative solutions in the realm of digital services to promote inclusivity and accessibility.

The main objective of the USD 200 million project approved by the Asian Development Bank (ADB) in Assam, India, is to enhance flood and riverbank erosion risk management along the Brahmaputra River. This project aims to improve disaster resilience, food security, and the livelihoods of approximately 1 million people in the region.

The main focus of the online platform 'Universalisation of Traditional Indian Knowledge and Systems' (UTIKS) launched by ICCR and SPPU is to showcase India's rich cultural heritage and traditional knowledge systems to a global audience. It offers a wide range of short courses to educate people about India's cultural diversity.

The 78th session of the United Nations General Assembly (UNGA) took place at the UN Headquarters in New York City in 2023. This annual event gathers world leaders and diplomats from member states to discuss global issues.

The key feature of India's first solar roof cycling track in Hyderabad is that it is fitted with solar panels. These solar panels have been installed to generate electricity, making it a sustainable and energy-efficient infrastructure project.