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News Highlights provides you with the best compilation of the Daily News Highlights taking place across the globe: National, International, Sports, Science and Technology, Banking, Economy, Agreement, Appointments, Ranks, and Report and General Studies
1.
Delhi's Air, already at toxic levels, turned worse on Monday, turning the city into a gas chamber. The Air Quality Index (AQI) deteriorated from 441 on Sunday to 494, its worst-ever on a par with the city's most polluted day recorded in 2019. Since 2015, when the Central Pollution Control Board started maintaining air quality data, the AQI has deteriorated to this level only once before, on November 2,2019.
2.
Reacting Strongly to suggestions that principles of 'just transition' be used to draw up climate action plans in the future, India on Monday said "prescriptive top-down approaches" were violative of provisions of the UN Framework Convention on Climate Change and the Paris Agreement, and would never be acceptable to the developing countries. In the climate change context, 'just transition' refers to a shift to low-carbon economies in a fair, equitable and inclusive manner which does not put any segment of people at any particular disadvantage. India was not objecting to the principles of just transition, but the fact that countries were being asked to prepare their climate action plans in a certain way. Under the Paris Agreement, the climate action plans, called Nationally Determined Contributions (NDCs), are supposed to be "nationally-determined" and not forced upon by others.
3.
The Global Forest Watch (GFW) project monitoring data that said India had lost 2.33 million hectares of tree cover is "devoid of facts, ground reality and internationally accepted norms", the Union Environment Ministry and the Forest Survey of India (FSI) have told the National Green Tribunal. "As per the ISFR 2021 compared to SFR 2001, there is a net increase of 58,891 sq km in forest cover and 14,277 sq km in tree cover in the country in the past two decades. Total increase in forest and tree cover of the country from SFR 2001 to ISFR 2021 is 74,168 sq km. Hence, as per the above report there is net gain in the forest and tree cover of the country," the affidavit stated. ISFR 2021 is the latest data, with the current forest survey cycle, ISFR 2023, delayed so far.
4.
Union Minister said that the Centre's online public grievance redressal system will be further modernised using next-generation technologies, including Artificial Intelligence.The Minister of State for Personnel underscored this achievement as a testament to the government's commitment to responsive and citizen-centric governance. The Centralized Public Grievance Redress and Monitoring System (CPGRAMS), launched in 2007, has under- gone ten-step reforms. These have resulted in over 1,16,000 grievances registered in October 2024 alone, with pending grievances reduced to 53,897 in central secretariat, a ministry statement said
5.
For the first time since 2009, Indians have surpassed the Chinese as the largest cohort of international students in the US, according to the latest Open Doors 2024 report released Monday. In 2023-24, there were 3.31 lakh Indian students in the US, making up 29.4% of its 11 lakh- strong international student population. It was 25.4% the previous academic year.
6.
A Small village in Chhattisgarh's Bastar district, Dhudmaras has been selected by the United Nations World Tourism Organisation for its Best Tourism Village Upgrade programme, highlighting its potential for sustainable tourism development.
7.
The Supreme Court questioned the Delhi government on Monday over the "delay" in implementing stage IV of the Graded Response Action Plan (GRAP). With smog and high levels of air pollution in Delhi- NCR on Sunday, the Commission for Air Quality Management (CAQM) had issued directions for implementing stage IV from Monday morning onwards.
8.
To Curb global greenhouse gas (GHG) emissions, a group of governments and civil society organisations are pushing for a fossil fuel non-proliferation treaty (FF-NPT), on the lines of the nuclear non-proliferation treaty (NPT), at the ongoing COP29 climate summit in Baku, Azerbaijan.
9.
After the Release of the October inflation data, there appears to be a broad consensus that the RBI's monetary policy committee will vote to keep interest rates unchanged when it meets in December. After all, inflation is now above the upper threshold of the central bank's inflation targeting framework. But the question is whether the RBI's actions are being influenced solely by concerns over inflation or are other considerations dominating. The commentary from the central bank suggests that it is worried about high food inflation spilling into core inflation through the wage-price spiral. This concern is misplaced on two counts.
10.
Imagine a future where India is not just a player but a leader in the global space economy. Picture a bustling hub of innovation where startups are launching satellites, developing cutting-edge space technologies, and creating jobs that didn't exist a decade ago. This vision is becoming a reality with the Union cabinet's approval of a Rs 1,000 crore venture capital fund dedicated to the space sector - a move that promises to catapult India to the forefront of space exploration and technology.
11.
Quarterly unemployment rate for urban areas declined to a record low of 6.4 per cent in July- September as against 6.6 per cent in the previous quarter as well as the year-ago period, the Periodic Labor Force Survey (PLFS) data released by the National Statistical Office (NSO) on Monday showed. The drop in unemployment rate, the lowest since the start of PLFS in April-June 2018, came amid a surge in the labour force participation rate (LFPR) and the worker population ratio (WPR).
12.
Rating Agency Crisil has said real GDP growth is likely to moderate to 6.8 per cent in FY25 from 8.2 per cent in FY24 with high interest rates and lower fiscal impulse (owing to reduction in the fiscal deficit) weighing on growth. This growth estimate is lower than the 7.2 per cent growth estimated by the Reserve Bank's Monetary Policy Committee earlier last month.
13.
The Centre has tweaked the capital management guidelines giving the Central Public Sector Enterprises (CPSES) more operational and financial flexibility by relaxing the criteria for payment of dividends, share buyback, issue of bonus shares and splitting of shares. According to the revised guidelines, every CPSE would pay a minimum annual dividend of 30 per cent of profit after tax (PAT) or 4 per cent of the net worth, whichever is higher. Financial sector CPSES like NBFCs may pay a minimum annual dividend of 30 per cent of PAT. Earlier norms mandated CPSEs to pay a minimum annual dividend of 30 per cent of PAT or 5 per cent of the net worth, whichever is higher. Dividends are a major source of non-tax revenues for the Centre.
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