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Daily Current Affairs 11th December 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 11th December2023. It includes all Major National, International, Business and Sports related current affairs of 11th December2023. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 11th December2023 Current affairs test.


National News

1. Projection of India’s Per Capita Income Growth

  • A research report from Standard Chartered Bank suggests that India’s per capita income could surge by about 70% by 2030, potentially reaching 4,000 dollars, compared to the current level of 2,450 dollars.
  • This growth is anticipated to elevate India to a middle-income economy with a GDP of 6 trillion dollars, where a significant share of it, around half, would stem from household consumption.
  • India’s per capita GDP has seen incremental growth, moving from 460 dollars in 2001 to 1,413 dollars in 2011 and further to 2,150 dollars in 2021.
  • The expansion of external trade is foreseen as a pivotal factor in driving substantial economic progress, with expectations of doubling external trade to 2.1 trillion dollars by 2030.

2. Inauguration of the 20th Annual Conference of the Commonwealth Parliamentary Association, India Region by Om Birla

  • Om Birla, Speaker of Lok Sabha, has inaugurated the 20th annual conference of the Commonwealth Parliamentary Association, India Region.
  • The conference’s focal point is centered on deliberations about natural calamities and strategies for their management, particularly concerning the northeast region.
  • Emphasis was placed on regional cooperation and enhanced connectivity through the Act East policy, envisaging bolstered regional integration on economic and social fronts in the North East.

Significant Days:

1. Commemoration of Human Rights Day on December 10:

  • This day marks the adoption of the Universal Declaration of Human Rights.
  • Its objective is to promote a universal standard of living for all individuals across the world.

2. Observance of Nobel Prize Day on December 10:

  • The day remembers the passing of Alfred Nobel.
  • It honors notable contributions in fields like Physics, Chemistry, Medicine, Literature, and Peace.

Appointments & Resignations:

3. Dr. Samir Shah, of Indian Origin, Selected as BBC Chairman:

  • The UK government has chosen Dr. Samir Shah as the prospective chairman for the BBC.
  • Boasting over four decades of expertise in television production and journalism.
  • He will undergo an evaluation by cross-party Members of Parliament before his appointment.

National News:

4. ‘Krishnaveni Sangeetha Neerajanam’ Event Inaugurated in Vijayawada:

  • The event was opened by Union Minister Nirmala Sitharaman.
  • A three-day festival celebrating classical music at Vijayawada’s Tummalapalli Kalakshetram.
  • Focuses on highlighting classical music and showcasing regional traditions, artisans, crafts, and local cuisine.

5. India as the Host for the 27th WAIPA World Investment Conference:

  • The conference in New Delhi will be managed by Invest India.
  • It is themed “Empowering Investors: IPAs Pioneering Future Growth.”
  • Union Minister Piyush Goyal will give the main speech and lead a private equity roundtable discussion.

Banking & Finance:

6. Launch of ‘Activ One’ by Aditya Birla Health Insurance:

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  • ‘Activ One’ is a comprehensive health insurance scheme introduced by ABHICL.
  • It’s tailored to meet health insurance needs and encourage overall health and wellness.
  • Features include total health returns, protection on claims, and absence of sub-limits.
  • It offers unlimited refill in a policy year and potential insurance sum growth up to six times by the sixth year.
  • Mayank Bathwal heads Aditya Birla Health Insurance.

7. Registration of Virtual Digital Asset (VDA) Service Providers:

  • 28 VDA providers, like WazirX, Coin DCX, and Coin Switch, have registered with FIU-IND.
  • This follows the Finance Ministry’s PMLA regulations set in March 2023.
  • Crypto exchanges and intermediaries will now perform KYC as “reporting entities.”

Memorandums of Understanding and Agreements:

8. 200 Million Euro Loan Agreement Between REC and German Bank KfW:

  • REC has secured a loan to advance reforms in the distribution sector.
  • This marks the sixth funding collaboration under the Indo-German Development Cooperation.
  • The loan will enhance the distribution infrastructure of DISCOMs.
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