29 December Current Affairs 2023 in English

29 December Current Affairs 2023

29 December Current Affairs 2023 refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 29 December Current Affairs 2023 is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 29 December Current Affairs 2023 lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities.

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29 December Current Affairs 2023 also provides students with insights into issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing the 29 December Current Affairs 2023 helps students ace their exams and prepares them for their future roles.

Rahul Rasgotra appointed ITBP chief; Nina Singh becomes the first woman to head CISF

Intelligence Bureau officer Rahul Rasgotra got the charge of the Indo-Tibetan Border Police (ITBP), and Nina Singh became the 1st woman to head the Central Industrial Security Force.

Anish Dayal Singh has been made the Director General of the Central Reserve Police Force (CRPF).

Vivek Srivastav has been appointed Director General, Fire Service, Civil Defence and Home Guards.

The government issued notice to nine offshore cryptocurrency platforms for non-compliance under the Prevention of Money Laundering Act

The Financial Intelligence Unit India has issued compliance show cause notices to nine offshore Virtual Digital Assets Service Providers. Virtual Digital Assets Service Providers were brought into the ambit of Anti Money Laundering, Counter Financing of Terrorism (AML-CFT) framework under the provisions of the Prevention of Money Laundering Act, 2002 in March 2023.

RBI tweaks the D-SIB designation methodology and inserts the digital payments aspect

The Reserve Bank of India has revised the methodology for designating a bank as a Domestic Systemically Important Bank (D-SIB) by incorporating digital payments, value as well as volumes, under the substitutability indicator in the assessment.

RBI nod for I-Pru AMC and I-Pru Life to acquire 9.95% stake in RBL Bank

The Reserve Bank of India has accorded its approval to ICICI Prudential Asset Management Company Ltd. and ICICI Prudential Life Insurance Company Limited to acquire an aggregate holding of up to 9.95% of the paid-up share capital or voting rights in RBL Bank Ltd. The approval has been granted regarding the application made by I-Pru AMC and IPru Life to RBI.

India makes first-ever rupee payment for the purchase of crude oil from UAE

India, the world’s third-largest energy consumer, made its first-ever payment in rupees for crude oil purchased from the United Arab Emirates, signaling what could be a strategic push to promote the local currency globally. The move is part of India’s broader efforts to diversify oil suppliers, cut transaction costs, and establish the rupee as a viable trade settlement.

RBI reshuffles the classification of domestic systemically important banks; SBI and HDFC Bank move to higher buckets

Reserve Bank of India issued its list of Domestic Systemically Important Banks (D-SIBs), in which it moved the State Bank of India (SBI) and HDFC Bank to higher buckets, while ICICI Bank continues to continue to be in the same bucketing structure as last year.

Based on the bucket in which a D-SIB is placed, an additional common equity requirement has to be applied to it.

PLI schemes attracted over Rs 95,000 cr investment till Sep 2023: Centre

The production-linked incentive (PLI) schemes for 14 sectors have attracted over Rs 95,000 crore in investment till September this year, an official statement said. According to the Commerce and Industry Ministry, as many as 746 applications have been approved till November 2023 under these schemes.

Bengal researchers discover plant-growth promoting bacteria, name it after visionary Tagores

A group of researchers from Visva-Bharati University’s botany department have discovered a bacteria capable of boosting plant growth and named it ‘Pantoea Tagorei’ after Nobel laureate Rabindranath Tagore. The bacteria has immense potential to revolutionize agricultural practices, microbiologist Bomba Dam, assistant professor at the varsity’s botany department said.

Banks log 12.2% growth in FY23, gross bad loans down for 5th year: RBI report

The consolidated balance sheet of scheduled commercial banks (SCBs) expanded in 2022-23 by 12.2%, the Reserve Bank of India (RBI) said in its Report on Trend and Progress of Banking in India 2022-23, released on December 27. The expansion was driven by credit to retail and services sectors, the report said. Deposit growth also rose; this, however, trailed credit growth.

Reliance Jio joins hands with IIT Bombay to launch Bharat GPT, to bring OS for smart TVs

Jio is set to launch its new AI project Bharat GPT, in a joint venture with the Indian Institute of Technology (IIT) Bombay. Jio is planning to introduce its AI project across all the segments of its company, stretching across all sectors of society. Ambani said that the next 10 years will be defined by large-language models and generative AI.

ONDC partners with Google, and Meta to reach small businesses

Ministry of Commerce-backed e-commerce protocol Open Network for Digital Commerce (ONDC) announced two separate partnerships with Google and Meta, to expand its outreach to small businesses through Google Maps and WhatsApp. This, in turn, will help the service scale up its monthly net transactions among consumers and large enterprises.

Pakistan successfully tests Fatah-II guided multi-launch rocket system

Pakistan’s military wing Inter-Services Public Relations (ISPR) claimed it had successfully conducted the flight test of Fatah-II, a guided multi-launch rocket system (MLRS). Equipped with state-of-the-art avionics and a navigation system, Fatah-II can engage targets with high precision up to a range of 400 kilometers.

RBI extends the Payments Infrastructure Development Fund scheme till 2025

The Reserve Bank of India (RBI) has extended the Payments Infrastructure Development Fund (PIDF) scheme till December 31, 2025. The scheme was first launched in 2021 for three years.

All eligible installations since the inception of the PM Vishwakarma Scheme, i.e., September 17, 2023, may prefer claims under the PIDF Scheme.

Shubham Mittal

Shubham Mittal is a renowned current affairs writer and expert in government exam preparation, inspiring readers with insightful articles and guiding aspirants with his expertise.

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