History of 12th November
- 1930: 56 Indian and 23 British committees participated in the first Round Table Conference held in London, but no member of the Indian National Congress attended.
- 1896: Indian ornithologist and naturalist Salim Ali was born.
- 1861: Madan Mohan Angrez, a great freedom fighter, educationist, and a great social reformer, died.
Current Affairs Related to 12th November 2024
This article provides a comprehensive overview of the latest updates in daily current affairs for 12 November 2024. Key highlights include the government’s approval of the PM Vidyalakshmi Yojana for financial assistance to students, conservation efforts for cheetahs in Madhya Pradesh and Rajasthan, and the recent loan agreement between India and the Asian Development Bank to boost urban services in Uttarakhand. The piece also covers advancements in women’s reservation policies, Supreme Court verdicts, and economic indicators like the India Services Index.
PM Vidyalakshmi Yojana
The PM Vidyalakshmi Yojana has been approved by the government to provide financial assistance to meritorious students. Students will be eligible for loans without any security and guarantor to pursue higher education. This program was created to ensure that no Indian youth is prevented from getting high-quality higher education due to financial limitations. As per the scheme, the government will provide a 75% credit guarantee for loans up to Rs. 7.5 lakh to help banks increase their coverage.
Cheetah Conservation
In view of the incidents of entry of cheetahs from Madhya Pradesh into neighboring Rajasthan, a joint corridor management committee of both the states has been formed to work for the conservation of these cheetahs. The panel will also discuss the development of suitable areas for future translocation of cheetahs from Kuno National Park and Gandhi Sagar Sanctuary area of Madhya Pradesh and recommend remedial measures based on past growth. The Chief Wildlife Conservator and Principal Chief Conservator of Forests of Madhya Pradesh and Rajasthan have been appointed as the joint chairmen of the committee.
Yamuna Expressway Industrial Development Authority
The Yamuna Expressway Industrial Development Authority said that the Cabinet of the Uttar Pradesh Government has approved a mega project related to semiconductor manufacturing near the Noida International Airport. The authority will now allocate land for the project. The Uttar Pradesh Cabinet approved setting up of semiconductor manufacturing units by Vam Sundari and Tark near the airport in Jewar, Lucknow. This paves the way for this mega project, which will boost development in the region.
Equity Infusion in FCI
The Cabinet has approved equity infusion of Rs. 10,700 crore to strengthen FCI. Food Corporation of India will get a fresh equity of Rs. 10,700 crore from the government. This is a significant step towards improving the operational efficiency of FCI. This infusion will reduce the interest burden, which will ultimately reduce the subsidy requirement of the government.
India-Asian Development Bank Loan Agreement
Government of India and Asian Development Bank signed a loan agreement of Rs. 1680 crore to improve water supply, sanitation, mobility, and other urban services in Uttarakhand. This agreement will improve urban services in Uttarakhand, to promote livability and sustainability in cities. The project aims to create an urban infrastructure that is resilient to climate and environmental risks such as floods and landslides. The project will also help in capacity building of state agencies in climate management and disaster resilient planning.
35% Reservation for Women in Madhya Pradesh
The Madhya Pradesh government has approved 35% reservation for women in all state government services. This is a big step towards women empowerment in the state. The state government has also approved the opening of 254 new fertilizer sales centers in the state. A 660 MW critical thermal power plant will be opened in Sarni by shutting down the former power plant units of a total of 830 MW. The state government has allowed the increase in the age of recruitment of assistant professors in medical colleges in the state from 40 years to 50 years.
Supreme Court Verdict on Higher Education
The bench of Chief Justice of India DY Chandrachud and Justice JB Pardiwala and Justice Manoj Mishra gave the verdict against the decision of the Allahabad High Court. This decision termed the decision of the High Court as unconstitutional and violative of the principles of secularism. The Supreme Court has also declared that madrassas cannot give degrees in higher education as it is a violation of the University Grants Commission Act.
India Services Index
The India Services Index has reached 58.5 in October. The services PMI index rose to 58.5 from a ten-month low of 57.7 in September, reflecting a sharp increase in business activity. The Indian services sector recorded strong expansion in production and consumer demand in October.
Disclaimer:
All news sources referenced in this article are derived from reputable publications, including The Hindu, Times of India, India Today, and Press Information Bureau (PIB). The information provided is for educational and informational purposes only.
Additionally, all images included in this article are AI-generated and are intended for visualization purposes only. They do not represent real events or individuals.
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