Filmfare Awards 2024 Winners List

Filmfare Awards 2024 Winners

The 69th edition of the Filmfare Awards 2024 took place in Gandhinagar, Gujarat. The event featured hosting by Karan Johar, and performances by Kareena Kapoor, Karisma Kapoor, Varun Dhawan, and Kartik Aaryan among others. This year, the two-day celebration in Gujarat opened with a Curtain Raiser, leading up to the Filmfare Awards ceremony. The 69th Hyundai Filmfare Awards 2024 with Gujarat Tourism was held in GIFT City, Gujarat.

Filmfare Awards 2024 Winners

The Filmfare Awards 2024 celebrated the finest achievements in Indian cinema. Here’s a glimpse of the notable winners honored for their outstanding contributions in various categories, showcasing excellence and talent in the film industry. Follow the below table to know the Filmfare Awards 2024 Winners name list.

Australian Open 2024 Winners

Jannik Sinner secured his first Grand Slam in men’s singles, while Aryna Sabalenka claimed her second in women’s singles. Rohan Bopanna, at 43, became the oldest man to win men’s doubles. Hsieh Su-Wei and Elise Mertens won women’s doubles, and Hsieh, with Jan Zielinski, clinched mixed doubles.

Finance Ministry Issues ‘Indian Economy - A Review’ Report Instead of Economic Survey

In 2024, India will not have the usual Economic Survey traditionally presented before the Union Budget. Instead, Finance Minister Nirmala Sitharaman will present an interim budget, known as a vote-on-account, on February 1. The reason for not presenting the Economic Survey this year is the election context. 2024 is an election year in India, and presenting the Economic Survey could lead to politicization due to the potential change in government after the elections. This could disrupt the regular Budget process.

However, the Ministry of Finance has released an alternative report titled “Indian Economy - A Review,” prepared by the office of Chief Economic Advisor (CEA) V Anantha Nageswaran. This report does not replace the official Economic Survey but provides valuable insights into the Indian economy’s trajectory and prospects over the past decade and its future outlook. It’s important to note that the official Economic Survey is expected to be presented after the general elections and the formation of the new government. The Review consists of two chapters and takes stock of the state of the Indian economy and its journey in the last 10 years and offers a brief sketch of the outlook for the economy in the coming years.

Key points from “Indian Economy-A Review” include

1. India’s projected growth to a $\$5 $ trillion economy in the next 3 years and a potential to reach $\$3 $ trillion by 2030 .

2. The review focuses on structural reforms undertaken in the past decade and their positive impact.

3. It offers a cautious outlook on future growth and inflation, acknowledging global uncertainties and challenges.

4. India is expected to surpass a GDP growth rate of $7.2 \%$ in FY24, outpacing the global economy.

5. For the third consecutive year, the Indian economy is set to achieve a growth rate exceeding $7 \%$.

6. There has been a rise in public sector investment, a robust financial sector, and substantial non-food credit growth over the past decade.

7. India is now the third-largest fintech economy globally, after the USA and the UK.

8. India has become the fourth-largest stock market worldwide, surpassing Hong Kong.

9. The PM Jan Dhan Yojana has significantly increased the percentage of women holding bank accounts.

10. There has been a surge in the female labour force participation rate and initiatives like the Skill India Mission, Start-Up India, and Stand-Up India are contributing to this increase.

11. A significant increase in the Gross Enrolment Ratio (GER) for females in higher education.

12. The report highlights the dynamism in the MSME sector due to government support.

13. The implementation of GST and the integration of domestic markets have improved economic efficiency and lowered logistics costs.

Government Appoints Four key Members of the Sixteenth

Finance CommissionThe government has taken a significant step in shaping the Sixteenth Finance Commission (SFC) by appointing 4-key members, three of whom are designated as full-time members. The Commission, headed by Shri Arvind Panagariya, former Vice-Chairman of NITI Aayog, was constituted on December 31, 2023.

Appointed Members

Context

In adherence to Article 280(1) of the Constitution, the Government of India, with the President’s approval, has established the Sixteenth Finance Commission. Dr. Arvind Panagariya, former Vice-Chairman of NITI Aayog and Professor at Columbia University, assumes the role of Chairman. Shri Ritvik Ranjanam Pandey has been appointed as the Commission’s Secretary, and detailed terms of reference have been outlined in the official notification.

Key Appointments

• Chairman: Dr. Arvind Panagariya
• Secretary: Shri Ritvik Ranjanam Pandey

Terms of Reference

The Sixteenth Finance Commission is tasked with making recommendations on three crucial matters:

1. Distribution of Net Proceeds

• Allocation of taxes between the Union and the States under Chapter I, Part XII of the Constitution.
• Division of respective shares among the States.

2. Grants-in-Aid:

• Principles governing grants-in-aid to States’ revenues from the Consolidated Fund of India.
• Sums to be granted under Article 275 for purposes other than specified in the provisos to clause (1) of that article.

3. Resource Augmentation:

• Measures to enhance a State’s Consolidated Fund for supporting Panchayats and Municipalities, based on State Finance Commission recommendations.

Additional Mandate

The Commission will also review financing arrangements for Disaster Management initiatives, aligning with the Disaster Management Act, 2005, and provide relevant recommendations.

Timeline

The Sixteenth Finance Commission is expected to submit its comprehensive report by October 31, 2025, covering a five-year period starting from April 1, 2026.

Union Budget 2024 Detailed Sector Wise

In the Budget for the fiscal year 2024-25, the Union Government demonstrates a robust commitment to bolstering economic growth through substantial investments in infrastructure development. The total expenditure in the Budget is estimated at 47,65,768 crore ( 47.65 Lakh Crore), with a significant focus on capital expenditure, reaching 11,11,111 crore(11.11 Lakh Crore). This reflects a commendable increase of $16.9 \%$ in capital expenditure over the Revised Estimates (RE) for 2023-24.

Capital Expenditure Highlights

1. Total Capital Expenditure: The Budget allocates 11,11,111 crore for capital expenditure, marking a $16.9 %$ surge over the RE for 2023-24.

2. Effective Capital Expenditure: The effective capital expenditure for $2024-25$ is projected at 14,96,693 crore, showcasing a substantial increase of $17.7 \%$ over the RE for $2023-24$

State Finances

1. Total Resources to States: In the fiscal year 2024-25, resources transferred to states, including devolution, grants, loans, and centrally sponsored schemes, amount to 22,22,264 crore(22.22 Lakh Crore). This represents a noteworthy increase of $4,13,848$ crore over the Actuals of FY 2022-23.

2. Comparison with Previous Years: The total expenditure in the RE for 2023-24 stands at 44,90,486 crore, surpassing the Actuals of FY 2022-23 by 2,97,328 crore. The capital expenditure in the RE for 2023-24 is estimated at ` $9,50,246$ crore.

Revenue and Capital Receipts

1. Tax and Non-Tax Revenue: Tax revenue (Net to Centre) is projected at 26,01,574 crore(26.01 Lakh Crore), while nontax revenue is estimated at $3,99,701$ crore.

2. Capital Receipts Breakdown: Capital receipts include recovery of loans ( 29,000 crore), other receipts $(50,000$ crore), and borrowings and other liabilities ( $16,85,494$ crore).

Expenditure Breakdown

1. On Revenue Account: The Budget allocates 36,54,657 crore (36.54 Lakh Crore) on revenue account, covering interest payments ( $11,90,440$ crore) and grants in aid for capital account creation ( $3,85,582$ crore).

2. On Capital Account: Capital account expenditure is estimated at 11,11,111 crore, contributing to the effective capital expenditure of $14,96,693$ crore.

Deficit Metrics

1. Fiscal Deficit: The fiscal deficit for $2024-25$ is projected at $ 16,85,494$ crore, constituting $5.1 \%$ of the Nominal GDP.

2. Revenue Deficit and Effective Revenue Deficit: The revenue deficit is anticipated to be $6,53,383$ crore, while the effective revenue deficit is projected at $2,67,801$ crore.

3. Primary Deficit: The primary deficit for 2024-25 is estimated at $4,95,054$ crore.

Government’s Effective Capital Expenditure (in ₹ Crore) Overview In the fiscal year 2024-25 Budget, the government’s focus on effective capital expenditure is evident, with allocations specified for key sectors. The below information provides a breakdown of major items, showcasing the allocation and expenditure trends from the past fiscal years to the estimated figures for 2024-25.

Effective Capital Expenditure Breakdown

1. Capital Expenditure: The Budget allocates ₹11,11,111 crore for capital expenditure in 2024-25, reflecting a strategic commitment to investment in critical areas.

2. Grants in Aid for Capital Assets: Under this category, ₹3,85,582 crore is allocated for creating capital assets, emphasizing the government’s investment in long-term infrastructure development.

3. Total Expenditure of Major Items: The effective capital expenditure for major items is detailed, covering key sectors critical for economic growth.

Expenditure of Major Items (in ₹ Crore)

1. Pension: ₹2,39,612 crore is allocated, recognizing the importance of honoring commitments to retired personnel.

2. Defence: A substantial allocation of ₹4,54,773 crore emphasizes the government’s commitment to national security.

3. Subsidies: Noteworthy subsidies include Fertiliser ( $₹ 1,64,000$ crore), Food ( $₹ 2,05,250$ crore), and Petroleum ( $₹ 11,925$ crore), addressing key sectors crucial for public welfare.

4. Agriculture and Allied Activities: ₹1,46,819 crore is earmarked for the development of agriculture and allied sectors.

5. Education: A significant allocation of $ \mathrm{1}, \mathrm{2 4 , 6 3 8}$ crore underscores the importance of investing in education for national progress.

6. Health: $₹ 90,171$ crore is allocated to the health sector, reflecting the government’s commitment to public wellbeing.

7. Interest Payments: With $₹ 11,90,440$ crore allocated, managing interest payments remains a critical component of fiscal planning.

8. Others: Various sectors such as IT and Telecom, Rural Development, and Social Welfare receive targeted allocations, emphasizing holistic development.

Allocations for specific ministries

• Defence Ministry: ₹6.1 lakh crore
• Ministry of road transport and highways: ₹2.78 lakh crore
• Ministry of railways: ₹2.55 lakh crore
• Ministry of consumer affairs, food & public distribution: ₹2.13 lakh crore
• Ministry of home affairs: ₹2.03 lakh crore
• Ministry of rural development: ₹1.77 lakh crore
• Ministry of chemicals and fertilizers: ₹1.68 lakh crore
• Ministry of communications: ₹1.37 lakh crore
• Ministry of agriculture and farmer’s welfare: 1.27 lakh crore
• Ministry of Education: ₹1.24 Lakh Crore
• Ministry of Health: ₹ 90,171 Crore

Transfer of Resources to States and Union Territories with Legislature (in ₹ Crore) Overview

The allocation and transfer of resources to states and union territories play a crucial role in fostering balanced development across regions. The below information provides a breakdown of actuals for 2022-23, revised estimates for 2023-24, and budget estimates for 2024-25.

Devolution of States Share in Taxes

I. Actual Devolution (2022-23): ₹9,48,406 crore was devolved to states, forming a critical component of their fiscal resources.

II. Revised Estimates (2023-24): The revised estimate for $2023-24$ is $₹ 11,04,494$ crore, indicating an increase in the devolution share.

III. Budget Estimates (2024-25): The budget proposes a further increase, with $₹ 12,19,783$ crore earmarked for devolution, emphasizing the government’s commitment to empowering states financially.

Some Important Items of Transfer

I. Actual Transfer (2022-23): ₹1,20,366 crore was allocated for essential items, supporting various initiatives at the state level.

II. Revised Estimates (2023-24): The revised estimate for 2023-24 stands at ₹1,60,986 crore, reflecting adjustments in response to evolving fiscal needs.

III. Budget Estimates (2024-25): The budget earmarks $₹ 1,88,703$ crore for important items of transfer, underscoring the government’s focus on targeted financial support.

Finance Commission Grants

I. Actual Grants (2022-23): Finance Commission Grants amounted to $₹ 1,72,760$ crore, addressing specific developmental needs identified by the Finance Commission.

II. Revised Estimates (2023-24): The revised estimate for 2023-24 is ₹1,40,429 crore, reflecting adjustments based on the Commission’s recommendations and evolving fiscal priorities. III. Budget Estimates (2024-25): The budget allocates ₹1,32,378 crore for Finance Commission Grants, highlighting continued support for state-level development. Government of India’s Budget Allocation for Major Schemes (2024-2025)

In the proposed budget for the fiscal year 2024-2025, the Government of India has outlined a comprehensive allocation for various major schemes. These schemes are strategically categorized into three sections, emphasizing their significance and funding priorities.

1. Core of the Core Schemes (A):

• Mahatma Gandhi National Rural Employment Guarantee Program: $ ₹ 86,000 $ crore

• National Social Assistance Program: $ ₹ 9,652$ crore

• Umbrella Programme for Development of Minorities: $ ₹ 913$ crore

• Umbrella Programme for Development of Other Vulnerable Groups:$ ₹2,150$ crore

• Umbrella Programme for Development of Scheduled Tribes: $ ₹4,241$ crore

• Umbrella Scheme for Development of Schedule Castes: $ ₹9,560 $ crore

2. Core Schemes (B):

• Pradhan Mantri Awas Yojna (PMAY): $ ₹80,671$ crore

• Jal Jeevan Mission/National Rural Drinking Water Mission: $ ₹70,163$ crore

• National Health Mission: $₹ 38,183$ crore

• Samagra Shiksha: $₹ 37,500$ crore

• Pradhan Mantri Gram Sadak Yojna: $₹ 19,000$ crore

• National Livelihood Mission - Ajeevika: $₹ 15,047$ crore

• Pradhan Mantri Poshan Shakti Nirman: $ ₹12,467$ crore

• Pradhan Mantri Krishi Sinchai Yojna: $ ₹11,391$ crore

• Urban Rejuvenation Mission (AMRUT and Smart Cities): $₹ 10,400$ crore

• Rashtriya Krishi Vikas Yojna: $ ₹7,553$ crore

• Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana: $₹ 7,500$ crore

• Krishionnati Yojana: $₹ 7,447$ crore

• Swachh Bharat Mission (Gramin): $ ₹7,192$ crore

• Assistance to States Agencies for Intra-State Movement of - Foodgrains: $₹ 7,075$ crore

• PM Schools for Rising India: $ ₹6,050 $ crore

• Swachh Bharat Mission: $ ₹5,000$ crore

• Pradhan Mantri Ayushman Bharat Health Infrastructure Mission: $ ₹4,108$ crore

• Modernisation of Police Forces:$ ₹3,720 $ crore

• Interlinking of Rivers:$ ₹3,500$ crore

• Mission Shakti: $ ₹3,146$ crore

• Blue Revolution: $ ₹2,352$ crore

• Pradhan Mantri Uchchatar Shiksha Abhiyan: $₹ 1,815$ crore

• Mission VATSALYA: $ ₹1,472$ crore

• Strengthening Teaching-Learning and Results for States: $₹ 1,250$ crore

• Rashtriya Gram Swaraj Abhiyan: $ ₹1,064$ crore

• Vibrant Villages Programme:$ ₹ 1,050$ crore

• Infrastructure Facilities for Judiciary: $ ₹1,000$ crore

• Prime Minister Formalisation of Micro Food Processing Enterprises Scheme: $ ₹880$ crore

• Environment, Forestry and Wildlife: $ ₹714$ crore

• National River Conservation Plan - Other Basins: $ ₹592$ crore

3. Major Central Sector Schemes (C):

• Crop Insurance Scheme: $ ₹14,600$ crore

• Pradhan Mantri Kisan Samman Nidhi: $₹ 60,000$ crore

• Formation and Promotion of 10,000 Farmer Producer Organizations: $ ₹582$ crore

• Modified Interest Subvention Scheme: $ ₹22,600$ crore

• Pradhan Mantri Annadata Aay Sanrakshan Yojna: $ ₹1,738$ crore

• Agriculture Infrastructure Fund: $ ₹600$ crore

• Crop Science for Food and Nutritional Security: $ ₹930$ crore

• Research and Development Projects: $₹ 1,200$ crore

• Nuclear Power Projects: $ ₹2,228$ crore

• Feedstock: $ ₹1,253$ crore

• R&D projects of Bhabha Atomic Research Centre: $ ₹1,100$ crore

• Fuel Recycle Projects: $ ₹ 805$ crore

• Nuclear Fuel Fabrication Projects: $ ₹764$ crore

• Urea Subsidy: $₹ 1,19,000$ crore

• Nutrient Based Subsidy: $₹ 45,000$ crore

• Development of Industry (Pharmaceutical): $ ₹1,300$ - - crore

• Production Linked Incentive Scheme (Pharmaceutical): $₹ 2,143$ crore

• Regional Connectivity Scheme: $₹ 502$ crore

• Interest Equalisation Scheme: $₹ 1,700$ crore

• Industrial Development Scheme for Himachal Pradesh & Uttarakhand: $ ₹567$ crore

• Fund of Funds: $₹ 1,200$ crore

• Refund of Central and Integrated GST to Industrial Units in North Eastern Region and Himalayan States:$ ₹1,382$ crore

• Compensation to Service Providers for creation and augmentation of telecom infrastructure: $₹ 2,000$ crore

• Domestic Industry Incentivisation Scheme: $ ₹1,911$ crore

• Pradhan Mantri Garib Kalyan Anna Yojana: $ ₹2,05,250$ crore

• Works under Border Roads Development Board: $ ₹6,500$ crore

• Other works: $₹ 1,500$ crore

• Border Area Development Programme: $ ₹2,000$ crore

• Pradhan Mantri Bhartiya Janaushadhi Pariyojana: $ ₹300$ crore

• Solar Rooftop Scheme: $ ₹2,000$ crore

• Interest Subsidy Scheme for Housing the Urban Poor: $₹ 10,000$ crore

• Pradhan Mantri Awaas Yojana (Urban): $ ₹9,500$ crore

• Subsidy for Interest on Loans under Atal Bimit Vyakti Kalyan Yojana: $ ₹408$ crore

International Assistance Schemes Allocation

1. Scheme for Bhutan:

○ Actual 2022-2023: $ ₹2467$ crore

○ Budget Estimates 2023-2024: $ ₹2401$ crore

○ Revised Estimates 2023-2024: $ ₹2399$ crore

○ Budget Estimates 2024-2025: $ ₹2069$ crore

2. Scheme for Nepal:

○ Actual 2022-2023:$ ₹434$ crore

○ Budget Estimates 2023-2024: $ ₹550$ crore

○ Revised Estimates 2023-2024: $ ₹650$ crore

○ Budget Estimates 2024-2025:$ ₹700 $ crore

3. Maldives Assistance:

○ Actual 2022-2023: $₹183$ crore

○ Budget Estimates 2023-2024: $ ₹400$ crore

○ Revised Estimates 2023-2024: $ ₹771$ crore

○ Budget Estimates 2024-2025: $ ₹ 600$ crore

4. Support to International Training/Programmes:

○ Actual 2022-2023: $ ₹480$ crore

○ Budget Estimates 2023-2024: $ ₹435$ crore

○ Revised Estimates 2023-2024: $ ₹1105$ crore

○ ○ Budget Estimates 2024-2025: $ ₹769$ crore

LK Advani to be awarded Bharat Ratna, Announced by PM Modi

The Indian government has announced that LK Advani, one of the most prominent figures in Indian politics, will be conferred with the Bharat Ratna, the nation’s highest civilian award. This prestigious honour is a testament to Advani’s indelible contribution to Indian politics and society over several decades. The Bharat Ratna is a fitting recognition of LK Advani’s legacy as a statesman who has dedicated his life to the nation. His leadership has not only shaped the BJP but also left a lasting impact on Indian politics and governance. The award celebrates his immense contributions and his role as a catalyst for political and social change in India.

Born on November 8, 1927, in Karachi, LK Advani’s political journey is a saga of resilience, leadership, and profound influence on the Indian political landscape. Advani, a key architect of the Bharatiya Janata Party (BJP), has been instrumental in shaping the party’s ideology and steering it to national prominence.

LK Advani, Architect of Political Change

Advani’s political career is marked by his visionary leadership and strategic acumen. His Rath Yatra in 1990 was a turning point in Indian politics, significantly impacting the national discourse and contributing to the BJP’s rise as a major political force. As a seasoned parliamentarian and a government official, Advani has held several key positions, including that of the Deputy Prime Minister of India.

LK Advani, Contributions and Controversies

Advani’s tenure in politics has not been without controversies. However, his contributions to national security, governance, and public welfare have been significant. His role in promoting infrastructure development and his tough stance on national security are particularly noteworthy. Advani’s political journey is a reflection of his commitment to his principles and his unwavering dedication to India’s development.

Grammy Awards 2024, Check The Complete List Of Winners

Grammy Awards 2024

The 66th Annual Grammy Awards, marking a significant milestone in the music industry, celebrated the most remarkable recordings, compositions, and artists of the year, from October 1, 2022, to September 30, 2023. Chosen meticulously by the esteemed members of The Recording Academy, this prestigious ceremony took place on February 4, 2024. Returning to the iconic Crypto.com Arena in Los Angeles for its 21st year, the event was broadcast live on CBS, with streaming options available on Paramount, ensuring a global audience could partake in the festivities.

Hosting for the fourth consecutive time, Trevor Noah brought his charismatic presence and sharp wit to the stage, making the night unforgettable for both the winners and the worldwide viewers. This year’s ceremony not only highlighted the incredible talent and achievements within the music industry but also continued the tradition of celebrating the universal language of music in all its diversity and splendour.

Grammy Awards 2024, Check The Complete List Of Winners Here is the list of Grammy Awardees 2024, the winners list is a testament to the wide-ranging tastes and sounds that have defined the musical landscape over the years.

RBI’s Analysis Report on Trend and Progress of Banking in India 2022-23

The annual performance report of the Indian banking sector, compliant with Section 36(2) of the Banking Regulation Act, 1949, presents a comprehensive analysis of the sector’s achievements and challenges. It encompasses cooperative banks and Non-Banking Financial Companies (NBFCs), providing insights into their contributions to the country’s economic framework.

Stability and Strength of the Banking System

The report highlights the robustness of India’s banking system and NBFCs, underpinned by high capital ratios, improved asset quality, and substantial earnings growth. This solid foundation has enabled credit expansion in double digits, thereby supporting domestic economic activities. However, the report emphasizes the necessity for enhanced governance, risk management, and the creation of additional financial buffers to sustain progress.

Scheduled Commercial Banks (SCBs)

SCBs have experienced significant growth, with their combined balance sheets expanding by $12.2 \%$ in the fiscal year 2022-23, marking a nine-year high. This growth is attributed mainly to credit expansion in the retail and services sectors. Additionally, SCBs have strengthened their capital buffers and asset quality, with the Gross Non-Performing Assets (GNPA) ratio reaching a ten-year low of $3.9 \%$ by March 2023 and further dropping to 3.2% by September 2023. Remarkably, no bank was under the prompt corrective action (PCA) framework by March 2023, indicating improved health of the banking sector.

Capital Adequacy Ratios

The Capital to Risk (Weighted) Assets Ratio (CRAR) has seen varying trends across different bank types:

• Public Sector Banks (PSBs) reported an increase in CRAR from $14.6 \%$ in 2022 to $15.5 \%$ in 2023.
• Private Sector Banks (PVBs) experienced a slight decrease in CRAR from $18.8 \%$ to $18.6 \%$.
• Foreign Banks (FBs) maintained a stable CRAR at $ \mathrm{1 9 . 8 \%}$.
• These figures reflect the banking sector’s efforts to maintain or improve capital adequacy, essential for absorbing potential losses.
• Non-Performing Assets (NPAs)
• The report provides a detailed analysis of NPAs, showing an overall improvement in asset quality. The Gross NPA percentage of Gross Advances decreased for most bank groups, indicating effective management of bad loans. Public Sector Banks (PSBs), for instance, saw a decrease in Gross NPA percentage from $7.3 \%$ to $5.0 \%$.

Non-banking Financial Companies (NBFCs)

NBFCS have shown remarkable growth and improvement in asset quality, with their combined balance sheets growing by $14.8\%$ in 2022-23. The sector has witnessed a significant credit expansion, particularly in unsecured loans, micro-finance, and MSME loans. The Gross Non-Performing Assets (GNPA) ratio for NBFCs declined to $4.1 \%$, showcasing an improvement in asset quality.

Co-operative Banks

Co-operative banks continue to play a vital role in India’s financial landscape, especially in rural areas. The government and the Reserve Bank of India (RBI) have taken steps to enhance the regulatory framework and provide these banks with more autonomy in capital acquisition, ensuring their continued contribution to financial inclusion.

Contagion Risk and Regulatory Measures

The interconnectedness between NBFCs and banks poses a potential contagion risk, necessitating careful monitoring. The RBI has introduced macroprudential measures to maintain financial stability, including increased risk weights for certain types of consumer credit loans and bank lending to NBFCs.

Customer Service and Financial Inclusion

Despite advancements in banking technology, the RBI has noted that customer service quality needs to catch up. Efforts are being made to ensure banking solutions are accessible to all, including seniors and those with special needs. Additionally, the RBI is focused on mitigating systemic risks by evaluating the over-reliance on specific IT service providers.

RBI Monetary Policy, Repo Rate Holds Steady at 6.5%

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has made a pivotal announcement, maintaining the repo rate at 6.5 per cent. This decision marks the sixth consecutive time the rate has remained unchanged, following closely on the heels of the Interim Budget presented on February 1, 2024. The RBI’s stance continues to focus on the withdrawal of its accommodative monetary policy, aiming to balance inflation control with economic growth. The next meeting of the MPC is scheduled during April 3 to 5, 2024.

Repo Rate Decision

In a recent meeting that concluded on February 8, 2024, five out of six MPC members voted in favour of keeping the repo rate steady. This move was widely anticipated by financial experts, who expected the rate to remain at 6.5 per cent. RBI Governor Shaktikanta Das emphasized the importance of a disinflationary stance in monetary policy to ensure inflation aligns progressively with the target.

RBI Repo Rate are as under

• Policy Repo Rate: $6.50 \%$
• Standing Deposit Facility (SDF): 6.25%
• Marginal Standing Facility Rate: $6.75 \%$
• Bank Rate: $6.75 \%$
• Fixed Reverse Repo Rate: $ \mathrm{3 . 3 5 \%}$
• CRR: $4.50 \%$
• SLR: $ \mathrm{1 8 . 0 0 \%}$

Inflation and Growth Projections

The RBI has maintained its inflation forecast at 5.4 per cent for the fiscal year 2023-2024, with a detailed outlook for the following year predicting a Consumer Price Index (CPI) inflation of 4.5 per cent. This detailed projection includes quarterly estimates, starting with 5 per cent in the first quarter and gradually adjusting to 4.7 per cent by the fourth quarter of FY 2024-2025.

RBI projects real GDP growth of $7 \mathrm{pc}$ for FY'25 with risks evenly balanced.

Real GDP growth for FY25 is projected at 7%

• For FY24Q1 is projected at $7.2 \%$
• For FY24Q2 is projected at $6.8 \%$
• For FY24Q3 is projected at 7%
• For FY24Q4 is projected at $6.9 %$

Key Announcements and Policy Measures

The MPC’s decision comes with several significant announcements aimed at strengthening the economy and ensuring financial stability:

• India’s Forex Reserve: Currently standing at $ \$ \mathrm{622.5}$ billion, India’s foreign exchange reserves are deemed comfortable for meeting all foreign obligations.
• Loan Transparency: Lenders are now required to provide “key fact statements” for loans to retail and MSME borrowers, enhancing transparency and consumer protection.
• Inflation and GDP Targets: The RBI remains vigilant, focusing on achieving a durable inflation target of 4 per cent while projecting a balanced real GDP growth.

Who are members of the RBI MPC?

The RBI MPC is comprised of six members, including both external members and RBI officials. This includes the RBI Governor, 2 deputy governors, and 3 external members

1. Shaktikanta Das, Governor of RBI

2. Michael Debabrata Patra, Deputy Governor of RBI

3. Rajiv Ranjan, Officer of RBI nominated by the Central Board, Member

4. Prof. Ashima Goyal, Professor, Indira Gandhi Institute of Development Research, Member

5. Prof. Jayanth R. Varma, Professor, Indian Institute of Management Ahmedabad, Member

6. Dr. Shashanka Bhide, Senior Advisor, National Council of Applied Economic Research, Member.

Sportstar Aces Awards 2024, Check Complete List of Winners

In a dazzling ceremony that underscored the indomitable spirit of athletes and their tireless dedication to sports, the Sportstar Aces Awards 2024 celebrated the best in the world of sports. Recognizing remarkable achievements across various categories, the awards brought to the forefront the relentless pursuit of excellence that defines sportsmanship. Here’s a detailed look at the luminaries who graced the winner’s circle this year.

Sportstar Aces Awards 2024, Check Complete List of Winners This table summarizes the achievements and honorees of the Sportstar Aces Awards 2024, recognizing the outstanding contributions of individuals and teams in the field of sports.

AllMS Launches iOncology.ai for Early Cancer Detection

In a landmark collaboration between AlIMS, New Delhi, and the Centre for Development of Advanced Computing (CDAC), Pune, the groundbreaking Al platform iOncology.ai has been unveiled. This cutting-edge technology focuses on the early detection of cancer, particularly targeting breast and ovarian cancers, which are prevalent among women in India.

Global Cancer Scenario

• Cancer surpasses cardiovascular diseases in high-income and middle-income countries in terms of fatality rates.
• GLOBOCAN estimates for 2020 show 19.3 million incident cancer cases worldwide, with India ranking third after China and the United States. Cancer Statistics in India
• A Lancet study predicts a $57.5 \%$ increase in cancer cases in India by 2040, reaching 2.08 million.
• In 2022, over 8 lakh deaths in India were attributed to cancer, mainly due to late detection, resulting in a mere $20 \%$ survival rate.

About iOncology.ai

• Developed in collaboration with CDAC and the Ministry of Electronics & Information Technology, iOncology.ai utilizes Al to reduce false negatives in manual cancer diagnosis.
• The platform employs deep learning models and selflearning capabilities to analyze complex medical data with unparalleled accuracy and efficiency.
• Initial focus lies on early detection of breast and ovarian cancers, leveraging a dataset of approximately half a million radiological and histopathological images from AllMS.

Positive Reception and Future Collaborations

• iOncology.ai has been successfully implemented in five district hospitals, demonstrating its potential for widespread impact.
• It received positive feedback at a Med-Hackathon event during AlIMS Research Day celebrations and is poised for further partnerships with cancer hospitals and research centers across India.

MoU between AllMS and DGE for Rheumatological Disorders

• The Department of Rheumatology at AlIMS New Delhi has signed an MoU with the Directorate General of Employment, Ministry of Labour & Employment, Government of India.
• This initiative aims to address challenges faced by patients with disabilities due to rheumatological disorders by providing certifications for employable skills and promoting economic upliftment and vocational rehabilitation.

Bharat Ratna to Honour PV Narasimha Rao, Chaudhary Charan Singh, and MS Swaminathan

India’s highest civilian award, the Bharat Ratna, is set to honour the indelible contributions of three distinguished individuals whose efforts have significantly shaped the nation’s trajectory. Former Prime Ministers PV Narasimha Rao and Chaudhary Charan Singh, alongside renowned agricultural scientist MS Swaminathan, are the esteemed recipients of this prestigious accolade, acknowledging their unparalleled dedication to the progress of India.

Bharat Ratna, PV Narasimha Rao

PV Narasimha Rao, often hailed as the Architect of Modern India, played a pivotal role in ushering in economic liberalization in the early 1990s. His visionary leadership not only averted a financial crisis but also laid the groundwork for India’s rapid growth and integration into the global economy. Rao’s tenure as Prime Minister was marked by bold reforms that transformed the economic landscape, fostering investment, expansion of the private sector, and enhancing India’s competitiveness worldwide.

Beyond economics, Rao’s impact was profoundly felt in India’s foreign policy, where he redefined relationships, steering the country through the post-Cold War era with strategic finesse. His initiatives towards strengthening ties with the East, including the Look East policy, paved the way for a new era in diplomatic relations and economic partnerships.

Rao’s contributions extended into the realms of language and education, where he championed the cause of cultural diversity and literacy. His policies aimed at preserving India’s rich linguistic heritage while promoting education as a means of empowerment.

Bharat Ratna, Chaudhary Charan Singh, Champion of the Farmers Chaudhary Charan Singh revered as a true champion of India’s agrarian community dedicated his life to the welfare of the farmers. His tenure as Prime Minister, though brief, was impactful, particularly his advocacy for policies that supported the agricultural sector and upheld the rights of the farmers. Singh’s legacy is a testament to his commitment to rural development and his belief in the vital role of agriculture in India’s economy.

Singh’s initiatives aimed at alleviating farmer distress, improving agricultural productivity, and ensuring fair prices for crops have left an enduring mark on India’s agricultural policies. His efforts to reform the agrarian landscape resonate with millions of farmers across the nation, making him a beloved figure among the rural populace.

Bharat Ratna, MS Swaminathan, Father of the Green Revolution

Dr. MS Swaminathan’s contributions to India’s agricultural revolution are monumental. As the architect of the Green Revolution, Swaminathan’s scientific acumen and innovative approaches to crop improvement significantly increased food production, thereby mitigating the threat of famine and ensuring food security for millions. His work not only transformed India from a food-importing country to one of selfsufficiency but also inspired agricultural reforms worldwide.

Swaminathan’s dedication to sustainable agriculture and his advocacy for the conservation of biodiversity have shaped the discourse on ecological balance and responsible farming practices. His vision extends beyond immediate agricultural gains, focusing on the long-term well-being of the planet and its inhabitants.

PM Modi’s UAE Visit

Prime Minister Narendra Modi embarked on a two-day visit to the United Arab Emirates (UAE), where he was warmly received by President Mohamed bin Zayed Al Nahyan. Their cordial meeting included discussions on various fronts, signifying the strengthening of bilateral relations.

Here are the key highlights of PM Modi’s visit

Warm Reception and Strategic Talks

• President Mohamed bin Zayed Al Nahyan warmly welcomed Prime Minister Modi at the airport, showcasing the strong personal rapport between the leaders.
• The two leaders engaged in wide-ranging discussions, focusing on reviewing the strategic partnership and identifying areas for further collaboration.
• Several agreements were signed during the visit, including a Bilateral Investment Treaty and an Intergovernmental Framework Agreement on the India-Middle East Economic Corridor, signifying a deepening of economic cooperation.

Inauguration of BAPS Mandir and Gratitude for Support

• Prime Minister Modi expressed gratitude to President Al Nahyan for his support in facilitating the construction of the first Hindu stone temple in the UAE, located in Abu Dhabi.
• The inauguration of the Bochasanwasi Shri Akshar Purushottam Swaminarayan Sanstha (BAPS) Mandir underscores the cultural and religious ties between India and the UAE.

Digital Initiatives and Financial Collaboration

• Modi congratulated the UAE President on the launch of the domestic card JAYWAN, which is based on India’s digital RuPay credit and debit card stack.
• A transaction using the JAYWAN card was witnessed by both leaders, highlighting the advancement of financial technology and collaboration between the two countries.

Participation in World Govemment Summit 2024

• Prime Minister Modi’s participation as a guest of honor in the World Government Summit 2024 in Dubai underscores India’s global significance and commitment to multilateral cooperation.
• His keynote address at the summit reaffirms India’s role in shaping discussions on global governance and development.

Frequent Engagements Highlight Strong Ties

• Modi’s visit marks his seventh to the UAE since 2015, demonstrating the continuity and depth of engagement between the leadership of India and the UAE.
• With his third visit in the past eight months alone, the frequency underscores the importance both nations attach to strengthening bilateral relations.

Supreme Court Collegium Recommends Transfer Of 3 High Court Judges

The Supreme Court collegium, led by Chief Justice D Y Chandrachud, has recommended the transfer of three high court judges upon their respective requests. The decisions were made in accordance with the interests of better administration of justice and personal reasons cited by the judges.

Recommendation 1: Justice Moushumi Bhattacharya

• Request: Justice Moushumi Bhattacharya of the Calcutta High Court has sought a transfer to another high court due to personal reasons, as conveyed in a communication dated February 12, 2024.
• Resolution: The collegium has acceded to Justice Moushumi Bhattacharya’s request and recommended her transfer to the High Court for the State of Telangana.

Recommendation 2: Justice Anu Sivaraman

• Request: Justice Anu Sivaraman has requested a transfer out of the State of Kerala.
• Resolution: The collegium has accepted Justice Anu Sivaraman’s request and recommended her transfer to the Karnataka High Court.

Recommendation 3: Justice Sujoy Paul

• Request: Justice Sujoy Paul has sought a transfer because his son practices in the High Court of Madhya Pradesh.
• Resolution: The collegium has resolved to recommend Justice Sujoy Paul’s transfer to the High Court for the State of Telangana, considering the better administration of justice.

Prime Minister Narendra Modi Inaugurates Abu Dhabi’s First Hindu Stone Temple

In a historic event on February 14, Prime Minister Narendra Modi inaugurated Abu Dhabi’s first Hindu stone temple, marking a significant milestone in the UAE’s cultural and religious inclusivity. The inauguration ceremony was imbued with devotional chants and witnessed the presence of spiritual leaders from the Swaminarayan sect, highlighting the temple’s importance to the global Hindu community.

Global Aarti: A Spiritual Unison

A highlight of the event was the “Global Aarti,” performed simultaneously at over $ \mathrm{1 , 2 0 0}$ temples of the Swaminarayan sect worldwide. This act of global spiritual unity was orchestrated by the Bochasanwasi Shri Akshar Purushottam Swaminarayan Sanstha (BAPS), illustrating the widespread reverence and support for the newly inaugurated temple.

A Meeting of Faiths

Prior to the inauguration, Prime Minister Modi engaged with individuals from various faiths who played a crucial role in the temple’s construction, emphasizing the collaborative spirit that underpinned the project. This interaction underscored the temple’s ethos of unity and the bridging of cultural divides.

Temple Architecture: A Blend of Tradition and Technology Located on a 27-acre site near Al Rahba off the Dubai-Abu Dhabi Sheikh Zayed Highway, the temple was constructed at a cost of approximately Rs $ \mathrm{7 0 0}$ crore. It stands as a testament to ancient architectural principles derived from Hindu scriptures, the Shilpa and Sthapathya Shastras, which guide mandir design and construction. The temple’s architecture harmonizes traditional methods with modern scientific techniques, incorporating over 300 high-tech sensors to monitor temperature, pressure, and seismic activity. This innovative approach allows for ongoing research and ensures the temple’s safety and sustainability.

Eco-Friendly Construction

Remarkably, the temple’s construction involved no metal use, with fly ash replacing a significant portion of cement in the concrete mix, thereby reducing the carbon footprint. The use of heat-resistant nano tiles and heavy glass panels merges traditional aesthetics with modern functionality, catering to the UAE’s extreme temperatures and ensuring visitor comfort.

Craftsmanship and Global Collaboration

Constructed in the Nagara style of architecture, similar to the Ram Temple in Ayodhya, the temple required 18 lakh bricks, seven lakh man-hours, and 1.8 lakh cubic metres of Rajasthansourced sandstone. The intricate carvings and the marble used in the interiors, mined from Italy and carved in India, showcase the global effort and craftsmanship invested in the temple’s creation.

A Landmark of Hindu Faith in the Gulf

The temple’s establishment, supported by the land donated by the UAE government, marks a new era for the Hindu community in the Gulf region. It joins three other Hindu temples in Dubai but stands out for its size and traditional stone architecture, symbolizing a significant cultural and religious landmark.

Prime Minister Modi’s UAE Visit

This visit, Prime Minister Modi’s seventh to the UAE since 2015 and his third in the last eight months underscores the deepening ties between India and the UAE. The inauguration of the temple during this visit highlights the mutual respect and acknowledgement of cultural and religious diversity between the two nations.

The Abu Dhabi Hindu temple not only serves as a place of worship but also as a beacon of cultural harmony, architectural innovation, and environmental consciousness. It signifies the growing inclusivity within the UAE and strengthens the bond between India and the Emirates, promising a future of shared values and mutual respect.

Gulzar and Jagadguru Rambhadracharya Awarded Prestigious Jnanpith Award 2023

The Jnanpith Award, India’s most prestigious literary accolade, has announced its recipients for the year 2023, marking a momentous occasion in the annals of Indian literature. This year, the honour is bestowed upon two luminaries from the world of letters: celebrated Urdu poet and Bollywood personality Gulzar, and the distinguished Sanskrit scholar and spiritual leader Jagadguru Rambhadracharya. Their selection for the 58th edition of the award underscores the rich diversity and depth of Indian literary traditions, spanning the classical to the contemporary.

Gulzar: A Versatile Literary Genius

Gulzar, born Sampooran Singh Kalra, has etched his name in the realms of Urdu poetry and Hindi cinema with an indelible ink. As one of the finest Urdu poets of his generation, Gulzar’s contributions extend beyond the poetic to include significant works as a writer and director in Bollywood. His achievements have been recognized with numerous accolades, including the Sahitya Akademi Award for Urdu, the Dadasaheb Phalke Award, the Padma Bhushan, and several National Film Awards. Notably, his song “Jai Ho” from the film “Slumdog Millionaire” has won both an Oscar and a Grammy, showcasing his international acclaim

Gulzar’s directorial ventures such as “Koshish,” “Parichay,” and “Mausam,” among others, are considered classics. His creation of the ‘Triveni,’ a unique genre of non-rhyming three-line poetry, and his focus on children’s poetry in recent years, highlight his innovative spirit and versatility.

Jagadguru Rambhadracharya: A Scholar of Sanskrit and Spirituality Jagadguru Rambhadracharya stands as a towering figure in the world of Sanskrit scholarship and Hindu spirituality. As the founder and head of Tulsi Peeth in Madhya Pradesh, his contributions to education, literature, and spiritual discourse are unparalleled. Authoring over 240 books and texts, including four epics, Rambhadracharya’s prolific output spans a variety of themes and forms. His receipt of the Padma Vibhushan in 2015 attests to his significant impact on Indian culture and scholarship.

A polyglot fluent in 22 languages, Rambhadracharya’s influence extends across linguistic and sectarian boundaries, embodying the universal appeal of Indian spiritual and literary traditions.

Jnanpith Award 2023 Committee

The awardees were selected by a committee headed by Odia writer Pratibha Rai. Other members of the selection committee included Madhav Kaushik, Damodar Mauzo, Suranjan Das, Purushottam Bilmale, Praful Shiledar, Harish Trivedi, Prabha Verma, Janaki Prasad Sharma, A. Krishna Rao and Jnanpith director Madhusudan Anand.

The Jnanpith Award, A Legacy of Literary Excellence

Established in $ \mathrm{1 9 6 5}$ by the Bharatiya Jnanpith, the Jnanpith

Award recognizes outstanding contributions to Indian literature. With a legacy spanning over five decades, the award has celebrated the works of authors across various Indian languages, reflecting the country’s rich linguistic and cultural tapestry. The award includes a cash prize of ₹11 lakh, a statue of Vagdevi, and a citation, symbolizing the highest honour in Indian literature.

This year’s selection of Gulzar and Jagadguru Rambhadracharya for their contributions to Urdu and Sanskrit literature, respectively, marks the second time Sanskrit and the fifth time Urdu has been recognized, highlighting the inclusive nature of the award.

BAFTA Awards 2024, Check the Complete List of Winners

The British Academy of Film and Television Arts (BAFTA) Awards 2024, hosted by the illustrious David Tennant, best known for his role in “Doctor Who,” was a celebration of cinematic excellence that unfolded at London’s Royal Festival Hall. Esteemed as the British counterpart to the Oscars, the event saw a live broadcast in the U.S. via BritBox International, albeit with a tape delay, allowing film aficionados worldwide to partake in the festivities.

“Oppenheimer” Dominates the Evening

Leading the charge with an impressive 13 nominations, “Oppenheimer” emerged as the night’s biggest winner, securing seven BAFTAs, including Best Film. Directed by Christopher Nolan, the movie not only captivated the audience with its riveting storytelling and direction but also shone in categories such as Cinematography, Editing, Original Score, and Supporting Actor, with Robert Downey Jr. winning for his role. Cillian Murphy’s portrayal of the titular character earned him the Leading Actor award, cementing the film’s position as a cinematic masterpiece of the year.

Check out the FULL List of BAFTA Awards 2024 Winners Here

This table provides a comprehensive overview of the winners across various categories at the BAFTA Awards 2024.

Henley Passport Index 2024, France tops list of world’s most powerful passports

The Henley Passport Index, a renowned metric for measuring the strength and global mobility afforded by the passports of various countries, has unveiled its rankings for 2024. This year, France leads the pack, with its passport holders enjoying visafree access to 194 countries, a testament to the country’s robust diplomatic relations and its citizens’ global mobility.

The Top Tier: A Global Access Elite

France, along with Germany, Italy, Japan, Singapore, and Spain, stands at the pinnacle of passport power, each providing their citizens visa-free access to 194 countries. This elite group represents a diverse cross-section of global leaders, underscoring the importance of soft power and the benefits of international cooperation.

Global Rankings and Mobility Insights

The Henley Passport Index 2024 reveals interesting shifts and trends in global mobility. While India saw a slight decrease in its rank, slipping to 85th with visa-free access to 62 countries, its maritime neighbour Maldives ranked 58th, enjoying access to 96 countries. China improved its standing slightly to 64 th, as it seeks to rejuvenate its tourism sector by extending visa-free access to many European countries.

The United States moved up to 6th position, reflecting its strong passport despite the nation’s contentious anti-immigration policies. This year’s index also highlights a remarkable growth in global mobility compared to two decades ago, with the average number of countries accessible visa-free nearly doubling from 58 in 2006 to 111 in 2024.

Detailed Passport Power Rankings for 2024

The table below outlines the top rankings on the Henley Passport Index for 2024, offering a clear view of how different countries compare in terms of the travel freedom afforded to their citizens:

The Implications of Passport Strength

The rankings not only reflect the travel convenience enjoyed by citizens of these countries but also signify the diplomatic clout and international relations strength. Countries with stronger passports enjoy a higher degree of soft power, influencing international affairs through cultural and economic means rather than military might.

MS Dhoni Named Captain of IPL’s Greatest All-Time Team

The Indian Premier League (IPL), since its inception in 2008, has been a powerhouse of talent and excitement in the cricketing world. To commemorate its success, a selection panel comprising esteemed former cricketers and journalists convened to assemble the IPL’s all-time greatest team.

Selection Panel:

WasimAkram

MatthewHayden

TomMoody

DaleSteyn

Approximately 70 Journalists

Captaincy: The iconic Mahendra Singh Dhoni was unanimously chosen to lead this star-studded ensemble, bringing his unparalleled leadership and cricketing acumen to the fore.

Batting Order:

All-Rounders:

• Hardik Pandya
• Ravindra Jadeja
• Kieron Pollard

Bowling Attack

Prime Minister Modi’s Ambitious Inaugurations and Initiatives in Jammu

Prime Minister Narendra Modi’s upcoming visit to Jammu is set to mark a significant milestone in the region’s developmental journey. With a suite of projects worth over Rs 45,375 crore ( $\$ 5.5$ billion approximately) set to be inaugurated or initiated, this visit underscores the Central Government’s commitment to enhancing infrastructure and healthcare in Jammu and Kashmir.

World’s Highest Railway Bridge

A highlight of the Prime Minister’s visit is the inauguration of the world’s highest railway bridge over the Chenab River. Towering at 359 metres above the riverbed, this engineering marvel surpasses the height of the Eiffel Tower by 35 metres. Spanning $1.3 \mathrm{~km}$, the bridge is a critical component of the 111 km Katra-Banihal stretch of the Udhampur-SrinagarBaramulla Railway Line (USBRL) Project. This bridge is not just an infrastructural achievement but a significant step towards connecting the Kashmir valley with Katra in Jammu, promising to reduce travel time between Katra and Srinagar by five hours. Additionally, PM Modi will flag off the valley’s first electric train and a train service linking Sangaldan station to Baramulla station, further enhancing the region’s connectivity.

AllMS Jammu Inauguration

Another significant initiative is the inauguration of the All India Institute of Medical Sciences (AllMS) in Vijaypur (Samba), Jammu. This state-of-the-art facility, established under the Pradhan Mantri Swasthya Suraksha Yojana at a cost of over Rs 1,660 crore, sprawls over 227 acres. It boasts 720 beds, a medical college with 125 seats, a nursing college with 60 seats, and an AYUSH Block, among other amenities. The hospital is set to offer 18 specialities and 17 super-specialities, including cardiology, neurology, and surgical oncology, equipped with an ICU, emergency services, modular operation theatres, and digital health infrastructure to extend its reach to remote areas.

New Terminal at Jammu Airport

The foundation stone for a new terminal at Jammu Airport will also be laid by the Prime Minister. Envisioned on a $ \mathrm{4 0 , 0 0 0}$ sqm area, the terminal aims to cater to 2,000 passengers during peak hours, embodying modern facilities while reflecting the local culture. This development is expected to bolster air connectivity, tourism, trade, and economic growth in the region.

Additional Projects

Moreover, PM Modi will initiate the development of a state-ofthe-art, fully automated Common User Facility (CUF) Petroleum depot in Jammu. With a storage capacity of about $ \mathrm{1 0 0 , 0 0 0} \mathrm{KL}$, the Rs 677 crore facility will store various fuels and is aimed at enhancing the region’s energy security.

Dadasaheb Phalke Award 2024 Announced

The Dadasaheb Phalke International Film Festival Awards 2024 took place in Mumbai, where 40 individuals received accolades for their significant contributions to the advancement of Indian cinema. Selected by a panel comprising esteemed figures from the Indian film industry, these awardees were recognized at the 70th edition of DPIFF. The ceremony was a glamorous affair, attended by luminaries like Shah Rukh Khan, Rani Mukerji, Kareena Kapoor, Vikrant Massey, Nayanthara, Shahid Kapoor, Aditya Roy Kapur, and Sandeep Reddy Vanga, making it a memorable evening.

Dadasaheb Phalke International Film Festival Awards list

The Dadasaheb Phalke International Film Festival Awards 2024 has celebrated the remarkable talents and contributions of individuals in the Indian cinema industry.

Dadasaheb Phalke International Film Festival Awards for OTT

At the Dadasaheb Phalke International Film Festival Awards for OTT, Shahid Kapoor and Sushmita Sen clinched Best Actor and Actress for “Farzi” and “Aarya 3” respectively, with “Farzi” also winning Best Web Series, while Aditya Roy Kapur and Karishma Tanna were honored in the Critics’ category for “Night Manager” and “Scoop,” and “The Railway Men” took Best Web Series (Critics).

Special Awards:

• Outstanding Contribution to the Film Industry: Moushumi Chatterjee
• Outstanding Contribution to the Music Industry: KJ Yesudas

Army Clinches Khelo India Winter Games 2024 Title on Final Day

The Khelo India Winter Games 2024 concluded in Gulmarg, with the Army emerging victorious after a thrilling final day of competition.

Army Tops the Medal Tally

Alpine skier Bobby Pandey’s gold medal in the parallel slalom event proved decisive, propelling Army to the top of the medal table with $ \mathrm{1 0}$ gold medals. This narrow margin placed them one gold ahead of Karnataka (9 gold) and three ahead of Maharashtra ( 7 gold), who had led after the first round in Ladakh.

Individual Performances Shine

• Mehak from Uttarakhand secured gold in the women’s parallel slalom.
• Uttarakhand finished fifth overall with three gold medals, all in skiing events.
• Himachal Pradesh secured fourth place with four gold medals, led by Aanchal Thakur’s double gold performance.
• Army dominated the games, particularly in Gulmarg, with nine gold medals added to their ice hockey gold from Ladakh. Notably, snowboarder Kulvinder Sharma and Nordic skier Padma Namgial each bagged two individual gold medals for the team.
• Karnataka’s Thekkada Bhavani Nanjunda emerged as the individual star, clinching a remarkable hat-trick of gold medals in Gulmarg, despite their reliance on ice skating success in Ladakh.

Technical Expertise and Olympian Involvement

The Sports Authority of India (SAI) successfully managed the technical aspects of the games. Additionally, six Olympians, including Shiva Keshavan and Arif Mohammed Khan, actively contributed to the conduct of the event, lending their expertise and experience.

The Khelo India Winter Games 2024 witnessed exceptional performances and a captivating battle for the top spot. The Army’s triumph, individual brilliance, and the involvement of Olympians mark a successful edition of the winter sporting event.

Gaganyaan Mission and ISRO Projects Inauguration by PM

ModiPrime Minister Narendra Modi disclosed the identities of the four pilots currently undergoing training for India’s first human space flight mission, Gaganyaan, during his visit to the Vikram Sarabhai Space Center (VSSC) in Kerala’s Thiruvananthapuram. The astronauts, Group Captain P Balakrishnan Nair, Group Captain Ajit Krishnan, Group Captain Angad Pratap, and Wing Commander S Shukla, were also awarded ‘astronaut wings’ by the Prime Minister. Accompanying PM Modi were Kerala Chief Minister Pinarayi Vijayan, Union Minister Muraleedharan, and ISRO Chairman S Somanath.

Astronaut Designates

• Group Captain P Balakrishnan Nair
• Group Captain Ajit Krishnan
• Group Captain Angad Pratap
• Wing Commander S Shukla

About the Gaganyaan Mission

The Gaganyaan mission marks India’s pioneering venture into manned space exploration, slated for launch between 20242025. Its objective is to deploy a crew of three individuals into a $400 \mathrm{~km}$ orbit for a three-day mission, culminating in a safe return to Earth via landing in Indian sea waters.

ISRO’s Milestones and Progress

ISRO achieved a significant milestone in the human rating of its CE20 cryogenic engine, a pivotal component powering the cryogenic stage of the human-rated LVM3 launch vehicle for Gaganyaan missions. The completion of the final round of ground qualification tests on February 13, 2024, at the High Altitude Test Facility in ISRO Propulsion Complex, Mahendragiri, signifies a crucial advancement in India’s preparations for the mission.

Inauguration of Space Infrastructure Projects

• PM Modi inaugurated three key space infrastructure projects during his visit to Kerala, including the PSLV Integration Facility (PIF) at Satish Dhawan Space Centre, Sriharikota.
• Additionally, he inaugurated the new ‘Semi-cryogenics Integrated Engine and stage Test facility’ at ISRO Propulsion Complex, Mahendragiri, and the ‘Trisonic Wind Tunnel’ at VSSC, Thiruvananthapuram.
• These projects, developed at a cost of approximately ₹1,800 crore, signify India’s commitment to enhancing its space capabilities and infrastructure.

India’s Position at 42 in the Global Intellectual Property Index 2024

The US Chamber of Commerce recently unveiled the 12th edition of its International Intellectual Property (IP) Index, offering a comprehensive evaluation of the IP landscape across the globe. This year’s index ranked 55 economies, assessing their IP frameworks’ effectiveness in fostering innovation and creative industries. The United States retained its position at the pinnacle, followed closely by the United Kingdom and France, highlighting the critical role of robust IP systems in economic development.

India’s Position in the Global Ranking

India secured the 42nd position out of the 55 countries evaluated, with an overall score of 38.64 percent. This placement underscores the ongoing challenges and opportunities for India in strengthening its IP framework to bolster innovation and economic growth. Despite the static position, the inclusion of India in the analysis signifies its importance in the global IP discourse.

Global Leaders in IP Rights

The index identified the top 10 economies with the most effective IP frameworks, led by the United States with a score of 95.48 percent. The United Kingdom and France followed, demonstrating the preeminence of Western economies in the IP domain. This hierarchy of nations reflects the direct correlation between strong IP protections and economic prosperity.

Top 10 Economies for IP Rights

1. United States $(95.48 \%)$

2. United Kingdom $(94.12 \%)$

3. France $(93.12 \%)$

4. Germany $(92.46 \%)$

5. Sweden $(92.12 \%)$

6. Japan $(91.26 \%)$

7. Netherlands ( $91.24 \%)$

8. Ireland $(89.38 \%)$

9. Spain $(86.44 \%)$

10. Switzerland $(85.98 \%)$

Trends and Observations

The report highlighted several key trends, including the advancement of 20 economies in their overall IP scores. Notably, Saudi Arabia, Brazil, and Nigeria emerged as the top gainers, reflecting their concerted efforts to invest in policy- driven innovation. This improvement among various countries signals a positive trend towards strengthening global IP policies. Conversely, the index also revealed stagnation in 27 economies, including India, where no significant progress was noted. Furthermore, eight countries, such as Ecuador, experienced a decline in their rankings due to inadequate enforcement mechanisms against IP infringements.

Implications for Global IP Policy

The findings from the index suggest a plateau in progress among the top-ranked economies, calling for renewed leadership from the United States and the European Union in IP policy. The report advocates for multilateral organizations to reassert their commitment to global IP standards, cautioning against counterproductive measures like IP waivers that could undermine the IP framework’s integrity.