Current affairs 05 December 2024

India's Services Sector Sees Fastest Employment Growth Since 2005.

• India’s services sector recorded its highest employment growth since 2005, driven by strong domestic and international demand, new orders & improved business confidence.
• The HSBC India Services Business Activity Index remained robust at 58.4, indicating strong sector expansion.
• Despite higher input and output prices, services sector job creation surged with both permanent & temporary hires.

63rd ISAM Conference to Be Held at IAM Bengaluru.

• The Indian Society of Aerospace Medicine (ISAM) will host its 63rd annual conference at the Institute of Aerospace Medicine (IAM) in Bengaluru.
• The conference theme, Collaborate for Research, focuses on fostering partnerships and innovation in aerospace medicine.
• Established in 1952, IAM is dedicated to advancing military and civil aerospace medicine, including space flight human factors.

NITI Aayog Launched "Trade Watch Quarterly" Publication.

• NITI Aayog launched Trade Watch Quarterly a new publication analyzing India’s trade developments and opportunities.
• The first edition highlights India’s trade performance for Q1 FY’24, with a 5.45% year-on-year growth, though with restrained growth in exports and increased imports of high-value commodities.
• NITI Aayog CEO: BVR Subrahmanyam.
• Vice Chairperson: Suman Bery.

Government Launched eMaap Portal for Fair Trade & Consumer Protection.

• The Department of Consumer Affairs is developing the National Legal Metrology Portal (eMaap) to centralize legal metrology processes and integrate state departments into a unified system.
• The portal will enable businesses to apply for licenses, approvals, and registrations online, improving efficiency.
• eMaap aims to enhance transparency, compliance, and ease of doing business in India.

ISRO to Launch ESA's Proba-3 Mission.

• Proba-3 mission by ESA will be launched via PSLV-C59 from Sriharikota on December 4 at 4:06 PM, carrying 550 kg satellites into a highly elliptical orbit.
• The mission, an In-Orbit Demonstration, will study the Sun's corona, showcasing India’s collaboration in global space exploration.
• The launch marks ISRO and NSIL's growing role in advanced space missions.