Current affairs 21 January 2025

Indian Army's Daredevils Set World Record for Highest Human Pyramid.

• The Daredevils, the Indian Army's Motorcycle Rider Display Team, set a world record with a 20.4-foot-high human pyramid comprising 40 men on 7 motorcycles, traveling 2 kilometers along Kartavya Path.
• Known for their daring performances, the Daredevils hold 33 world records & will repeat this feat at the Republic Day parade.
• Since 1935, they have captivated audiences with over 1,600 displays.

UK's Richest Extracted $33.8 Trillion from India: Oxfam Report.

• Oxfam reports that between 1765-1900, UK's richest 10% extracted $33.8 trillion from India, contributing to a total colonial wealth drain of $64.82 trillion.
• Britain's protectionist policies caused India's share of global industrial output to plummet from 25% in 1750 to 2% by 1900.
• In 2024, global billionaire wealth surged by $2 trillion with an average of 4 new billionaires created weekly.

Uttarakhand and Iceland Collaborated on Geothermal Energy.

• The Uttarakhand government signed an MoU with Iceland's Verkis Consulting Engineers to explore and develop geothermal energy at 40 identified sites.
• Iceland will cover the feasibility study costs, and the collaboration aims to advance carbon neutrality by 2070.
• Geothermal energy, derived from Earth's heat, offers applications in electricity generation, heating, and cooling systems.

India outlines 6-point plan to boost economic ties with EU.

• India and the European Union aim to integrate their $24 trillion market, promoting fair trade by addressing barriers and fostering SME growth.
• Focus includes cutting-edge technology, resilient supply chains, and zero defect production standards.
• Both sides target a robust Free Trade Agreement, aligning trade with sustainability and global challenges.

Odisha, Singapore Ink MoU for FinTech Hub in Bhubaneswar.

• Odisha and Singapore's GFTN signed an MoU to set up a Global Competency Centre, fostering FinTech innovation and inclusive InsureTech solutions.
• Signed during Singapore President Tharman's visit, the initiative aligns with Insurance for All by 2047.
• Odisha aims to enhance startups, innovation, and financial accessibility in the FinTech sector.