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S Seven Academy
S Seven Academy
S Seven Academy, Salem

CURRENT AFFAIRS
Jan 02 2024

S Seven Academy, Salem

www.ssevenacademy.com
www.ssevenacademy.in

No.619 , 2nd Floor, Near State Bank Colony, Thirugnanam, Sambandar Salai, Five Road, Salem, Tamil Nadu 636 004

Ph: +918667413929, +918300135757 1

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RBI Proposes Higher 50% Dividend Payout Ratio for Joining SKAO allows India a front-row seat in
Healthy Banks decoding mysteries of the universe through ultra-
sensitive technology.
Findings can enrich knowledge regarding galaxy
evolution, stars, black holes and more while
opening up new research directions.

Three New-to-Science Frogs Discovered in Arunachal

Pradesh
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The Reserve Bank of India has released draft norms

allowing banks with strong financial metrics to
increase dividend payouts to shareholders up to
50% of profits, from the earlier 40% ceiling.
Key Highlights
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Banks must have net non-performing asset ratio

below 6% for past 3 years
Minimum required capital adequacy levels should
also be met
50% payout ratio applicable for zero net NPA banks
Ceiling reduces on higher bad loans – just 15% if
over 4% NPA
One-time gain items excluded from dividend
calculations
Eased repatriation for foreign bank branches
meeting criteria
S Seven Academy, Salem
Scientists have reported three new frog species
belonging to new genera from Arunachal Pradesh’s
Namdapha-Kamlang protected area network along
the Myanmar border. The finds highlight the
significance of exploring unique habitats.
The new frog species discovered are:
Gracixalus patkaiensis – A translucent green tree frog
with jelly-like appearance and insect-like call
Alcalus fontinalis – A tiny brown frog inhabiting fast-
flowing hill streams with unique trickling vocalization

Nidirana noadihing – A marsh-dwelling “music frog”

named after the Noa-Dihing river
India Joins Square Kilometre Array Observatory
(SKAO) They occupy diverse ecological niches – from
India has formally signed up for the Square rainforest understory to flowing brooks – within
Namdapha-Kamlang’s elevational gradient ecosystem
Kilometre Array Observatory (SKAO) – an ambitious
spanning 100-5000 meters.
multinational initiative to build the world’s largest
radio telescope spanning over a square kilometer.

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636 004

Ph: +918667413929, +918300135757 2

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Vande Bharat: Coimbatore-Bengaluru train service
The 6th Vande Bharat train connecting
Coimbatore to Bengaluru has been launched.
With these new services, five Vande Bharat
trains are currently connecting multiple locations in
Karnataka.
The Indian Railways is implementing the Vande
Bharat Rail Project to connect many cities across India
and provide speedy rail service to the people. Prime
Minister Narendra Modi on December 30 inaugurated
six new Vande Bharat trains.
Prime Minister Narendra Modi has launched
the Coimbatore-Bengaluru train as the sixth Vande
Bharat train in Tamil Nadu, while five Vande Bharat
trains are already running in Tamil Nadu - Chennai-
Coimbatore, Chennai-Bengaluru, Chennai-Mysore,
S Seven Academy, Salem
Chennai-Tirunelveli and Chennai-Vijayawada.
Earlier, only uday express train was operated
exclusively from Coimbatore to Bengaluru. Apart from
this, six trains were operated from Coimbatore to
Bengaluru , four trains from Kerala to Bengaluru via
Coimbatore and four trains from Kerala via
Coimbatore. Now, the 7th train from Coimbatore to
Bengaluru has been launched.
ISRO's PSLV-C58/XpoSat
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timber transport permits by providing an integrated,
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636 004
Ph: +918667413929, +918300135757
ISRO's PSLV-C58 recently launched the X-ray
Polarization Satellite (XPoSat) into an east-facing low-
lying tilt orbit.
XPoSat is ISRO's first dedicated scientific
satellite.
It aims to carry out research on space-based
polarization measurements of X-ray emission
emanating from astronomical source systems.
ItSconsists
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two probes, POLIX (polarization
device in X-rays) and XSPECT (X-ray spectrometer and
time estimation).
The PSLV also launched 10 spacecraft
developed by industries, educational institutions and
ISRO centres.
National Transit Pass System
About the National Transportation Pass System:
This facilitates seamless transportation of
timber, bamboo and other forest produce across the
country.
At present, transport permits are granted for
transportation of timber and forest produce based on
state-specific traffic rules.
The NTPS is considered to be the "One Nation-
One Pass", which will enable seamless transportation
across the country.
The initiative will streamline the issuance of
Salem
online system to tree growers and farmers engaged in
agro-forestry across the country.
It provides seamless transport permits,
manages records for inter-state and inter-state
transport of wood, bamboo and other forests derived
from various sources such as private lands, state-
owned forests and private godowns.
The QR-coded transport permits generated
under the NTPS will allow checking the validity of the
3
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permits at checking the validity of the permits in Argentina in BRICS

various states and allow seamless transportation.
It is designed for the convenience of the user,
easily registers desktop and mobile applications and
offers permission applications.
Transportation permits will be granted to
regulated tree types, while users can self-generate a
no-objection certificate for exempted species.
At present, 25 states and Union Territories S Seven Academy
have adopted the integrated clearance system,
regulating inter-state business activities for
manufacturers, farmers and transporters.
Ministry: Ministry of Environment, Forest and
Argentina has announced that it will not join
Climate Change
the BRICS alliance of developing countries.
The consortium comprises brazil, russia, india,
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china and south africa.

What is an KH-22 missile?
The organisation announced that it would be
It is the Soviet long-range airborne supersonic inducting six new members in an effort to counter the
cruise missile. western-led global body.
It was initially designed to destroy aircraft The membership status of Argentina, Ethiopia,
carriers and other large warships or groups of such Iran, Saudi Arabia, Egypt and the United Arab Emirates
carriers, which were armed with nuclear weapons or was to come into effect from January 01, 2024.
by an entire warship that was heavily bombed. The geopolitics of Argentina's new president is
largely directed towards the US and Israel.
The Kh-22 family was formed in the Soviet
Union in the 1960s and was specifically designed to be
launched from Tupolev-22 bombers.
Later, both missiles and aircraft were S Seven Academy,
modernized as part of the so-called "Kh-22 Special Air-
Salem
The loan received by the State Government of Tamil
Nadu in the last quarter of 2023
Surface Missile Complex".
Developed in the 1970s, the missile had a top
speed of 4,000 kilometers per hour, a 1,000-kilogram
warship, and a range of 500 kilometers.
It weighs 5,820 kilograms.

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636 004

Ph: +918667413929, +918300135757 4

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Bihar is followed by West Bengal (12 per cent

of the total) and Jharkhand (10 per cent).
The Tamil Nadu government plans to borrow Rs The city of Muzaffarpur in Bihar is known as the
37,000 crore in the fourth quarter of the financial year sweetest city of India due to its abundant production
2023-24. of litchi fruits.
In order to bridge the revenue-expenditure gap Muzaffarpur is a leading city in the production
(fiscal deficit), the state government is set to borrow of litchi fruits in India.
from the market by issuing bonds called State
Development Loans (SDLs).
This creates a major chunk of the state
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government's total outstanding debts. RDAI Annual Report 2022-23
In the financial year 2023-24 so far (till
December), the state government has borrowed Rs
76,000 crore.
S Seven Academy, Salem

Litchi cultivation in India

The share of life insurance provided to women

in India has declined from 34.7 per cent in 2021-22 to
34.2 per cent in 2022-23.
In the financial year 2022-23, the number of life
insurances issued to women reached 97.38 lakh.
A total of 2.84 crore insurance policies were
sold during the same period.
Litchi fruit is currently cultivated in 19 Indian
states. S Seven Academy, Salem
The share of insurance offered to women by
the Life Insurance Corporation of India (LIC) is higher at
This sweet-flavoured fruit juice was earlier 35.81 per cent as compared to 30.13 per cent share of
grown only in Muzaffarpur city of Bihar. private life insurers.
The fruit is mainly grown in the foothills of the Karnataka (44.23 per cent), Kerala (43.96 per
Himalayas located in the states of Uttarakhand, Bihar, cent), Mizoram (42.97 per cent), Sikkim (42.6 per
West Bengal and Jharkhand. cent), and Meghalaya (41.81 per cent) are the top
In Bihar alone, litchi is cultivated in more than performers in terms of share of life insurance provided
32,000 hectares. to women.
It accounts for about 40 per cent of India's litchi Ladakh (23.1 per cent), Haryana (27.16 per
production. cent), Jammu & Kashmir (28.07 per cent), Uttar

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636 004

Ph: +918667413929, +918300135757 5

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Pradesh (29.53 per cent), and Gujarat (29.59 per cent)

are the states with the lowest percentages.

A few more points

Priya Ravichandran, an officer of the Tamil Nadu
Fire and Rescue Services Department, has become
the first officer to be inducted into the Indian
Administrative Service( IAS).
 She is the first woman officer to be inducted
into the Fire and Rescue Services Department
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in Tamil Nadu and the first woman officer from
the Tamil Nadu Fire and Rescue Services
Department to be inducted into the Indian
Administrative Service.

The Ministry of Health and Family Welfare has

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launched an app called 'Medtech Mitra ' (Medical

Technology Mitra).
 It also aims to empower medical technology
innovators and promote health care solutions.

The paramilitary forces are all set to switch over to

the 'Sandes App' completely from the first week of
January for all its official communication and
document sharing.

S Seven Academy, Salem

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636 004

Ph: +918667413929, +918300135757 6