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Daily Current Affairs 13th December 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 13th December2023. It includes all Major National, International, Business and Sports related current affairs of 13th 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 13th December2023 Current affairs test.


National News

1. JICA and ADB’s LEAP 2 Fund Initiative

  • The Japan International Cooperation Agency (JICA) has pledged up to $1.5 billion for the Asian Development Bank’s (ADB) Leading Asia’s Private Infrastructure Fund 2 (LEAP 2), the successor to the original LEAP fund.
  • LEAP 2 aims to boost private infrastructure investment in Asia-Pacific, focusing on India, Indonesia, Uzbekistan, and Vietnam, and targeting carbon emission reduction and improvements in healthcare, education, and agriculture.

About ADB and JICA

  • ADB, established in 1966 in Manila, Philippines, has 68 member countries, with Japan and the US as the largest shareholders, competing with Chinese investment entities.
  • JICA, based in Tokyo, Japan, collaborates with ADB to strengthen Japan’s ties with developing Asian nations.

2. FICO’s Collaboration in India

  • FICO, a leader in data analytics, has begun operations in India, partnering with major financial institutions like HDFC Bank, Axis Bank, and AU Small Finance Bank.
  • The collaboration involves FICO’s cloud-based platform, facilitating rapid loan approvals and advanced lending technology.

About FICO

  • Known for AI Decisioning Platforms, FICO won the 2023 Banking Innovation of the Year Platinum Award from Juniper Research.

3. ACKO and PhonePe Insurance Partnership

  • ACKO General Insurance collaborates with PhonePe to offer car and bike insurance through PhonePe’s platform, planning to expand to health insurance.

About ACKO General Insurance

  • Founded in 2016 in Mumbai, India, with Sanjeev Srinivasan as CEO.

4. PhonePe’s Insurance Leadership

  • Vishal Gupta serves as CEO of PhonePe Insurance.

5. NMCG’s Global River Cities Alliance at COP28

  • National Mission for Clean Ganga (NMCG) launched the Global River Cities Alliance (GRCA) at COP28, partnering with countries and river-cities globally for river conservation.
  • GRCA includes partners like Egypt, Netherlands, and Japan, with support from World Bank and ADB.

6. India’s Participation in BESS Consortium

  • India joins the Battery Energy Storage Systems (BESS) Consortium, aiming for 5 GW of BESS commitments by 2024 and 4,000 MWh of BESS projects by 2030-31.

7. Updates on the UDAN Scheme

  • 517 UDAN routes are operational across 76 airports, with a 2023-24 budget of Rs 1,244 crore, focusing on regional air connectivity.

8. India’s Achievement in Emission Intensity Reduction

  • India achieved a 33% reduction in GDP emission intensity from 2005 to 2019, 11 years ahead of schedule.

9. Stake Sale in IRCON International

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  • The Indian government plans an 8% stake sale in IRCON International on December 8, involving about 3.76 crore shares.

10. India and the IMO Green Voyage 2050 Project

  • India is the principal nation in the IMO Green Voyage 2050 Project, aiming to cut greenhouse gas emissions by 50% by 2050.

11. “Green Rising” Initiative by UNICEF and India

  • Launched at COP28, the “Green Rising” initiative by UNICEF and India focuses on youth engagement in climate action.

12. Assam’s Bid for UNESCO World Heritage Tag

  • The Charaideo Moidams in Assam, royal burial mounds of the Ahom dynasty, are nominated for the UNESCO World Heritage List for 2023-24.

13. India’s First Telecom Centre of Excellence

  • The Uttar Pradesh government plans to establish the first Telecom Centre of Excellence at IIT Roorkee, focusing on 5G and 6G technologies.

14. BSE Market Capitalization Milestone

  • The BSE market cap reached $4.03 trillion, with the Sensex and Nifty showing positive growth influenced by global trends.

15. India’s Retail Inflation and Industrial Production Growth

  • Retail inflation rate at 5.55% in November 2023; Industrial Production growth at a 16-month high of 11.7% in October 2023.

16. Chhattisgarh’s New Chief Minister

  • Vishnu Deo Sai, a BJP leader, is set to become Chhattisgarh’s first tribal Chief Minister.

17. Google’s Project Gemini AI Model

  • Google unveils Project Gemini, an AI model for tasks like understanding, summarizing, and coding, integrated with Google’s Bard chatbot.

18. NHAI’s Nagpur Multi Modal Logistics Park Agreement

  • NHAI signs agreement for a Multi Modal Logistics Park in Nagpur, to be developed in three phases at Rs. 673 crore.

19. Kolkata: India’s Safest City for Third Consecutive Year

  • Kolkata named India’s safest city for the third consecutive year, with low incidence of recognized crime.
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