Current affairs 24 November 2024

India Launches First AI Data Bank to Boost National Security.

• India has launched its 1st AI data bank to enhance national security through real-time satellite, drone, and IoT analytics.
• The initiative provides diverse datasets for scalable AI solutions in governance, business, and cybersecurity sectors.
• This aligns with India’s vision of using AI for innovation, disaster management, and economic growth while ensuring responsible use and transparency.

India, Maldives Sign MoU for Local Currency Use in Trade.

• India and the Maldives signed an MoU to promote the use of Indian Rupee (INR) and Maldivian Rufiyaa (MVR) in cross-border transactions.
• The framework will allow payments in local currencies for trade, capital transactions, and other economic activities.
• This collaboration aims to reduce transaction costs, enhance trade, and strengthen financial ties between the two countries.

"Jobs at Your Doorstep" Report Launched by Union Ministers.

• Education Minister Dharmendra Pradhan and Labour Minister Mansukh Mandaviya unveiled the World Bank’s Jobs at Your Doorstep report, focusing on six states and suggesting a pan-India framework.
• The report emphasizes skilling, redefining jobs, and addressing tech-driven changes in employment.
• Mandaviya stressed integrating informal and region-specific education into curricula.

Bihar to Host Khelo India Youth & Para Games in 2025.

• Bihar will host the Khelo India Youth Games and Para Games in April 2025, showcasing its capability to organize major sports events.
• The event aligns with PM Modi's vision to bring Khelo India Games to every part of India, aiming for a Viksit Bharat by 2047.
• Bihar has 38 Khelo India Centres and one State Centre of Excellence to support grassroots athletes.

UPI 123Pay Transaction Limit Increased to Rs 10,000.

• RBI has raised the transaction limit for UPI 123Pay from Rs 5,000 to Rs 10,000, enabling higher-value digital payments for feature phone users without internet access.
• The service utilizes methods like IVR, missed calls, and sound technology for secure transactions.
• New features include Aadhaar OTP for authentication and better tracking with a purpose code for transactions.