Current Affairs 2024 – Daily, Weekly, Monthly And Yearly PDF
By EXAM JOB EXPERT Published: September 03, 2024
Day of the Year
Merchant Navy Day
- The history of Merchant Navy Day is both a tribute to bravery and a nod to the vital role of maritime trade. Let’s dive into its story, shall we?
- Once upon a time, specifically on September 3, 2000, the UK decided to mark a special day. Why this date, you ask? Well, it harks back to the start of the Second World War, when merchant ships began their valiant efforts to support the war.
Latest Updates
Law doesn’t allow razing of homes of accused: SC
- The Supreme Court on Monday questioned the bulldozing of homes and private properties of persons accused of crimes or even of their relatives by States as a possible act of public retribution, saying the law does not permit the destruction of the family shelters of even convicts.
- “How can anybody’s home be demolished because he is an accused in a case? The law does not permit that… Can it happen even if a person is a convict?” Justice B.R. Gavai, heading a Bench with Justice K.V. Viswanathan, asked.
- Senior advocate Dushyant Dave, appearing for the petitioners along with senior advocate C.U. Singh, urged the court to make a statement that “bulldozer justice will not be meted out anywhere in the country”.
News Capsule
Farmers hold protest against AAP govt. in Chandigarh
- As the monsoon session of the Punjab State Assembly began on Monday, scores of farmers and farm labourers from the State gathered in Chandigarh to register their protest against the ruling Aam Aadmi Party (AAP) for failing to fulfill their long-pending demands.
- Farmers under the banner of Bharatiya Kisan Union (Ugrahan), one of the largest outfits in Punjab, and Punjab Khet Mazdoor Union (PKMU) held a ‘march’ towards the State Assembly. Separately, 32 farmer organisations of the Samyukt Kisan Morcha (SKM) held a ‘Mahapanchayat’ here to highlight the agricultural crisis in Punjab and demanded concrete steps to solve the same.
- PKMU general secretary Lachhman Singh Sewewala said AAP had failed to bring in an agriculture policy for the State, which the party promised during the polls.
Television Engineering Course at IIT Planned
- Madras, Sept. 2: A one-year post-graduate diploma course in television engineering is expected to be started at the Indian Institute of Technology, Guindy, from next year.
- About 20 engineers will be admitted to the course every year for specialised training in television technology with a view to making the country self-reliant in this field.
- Introduction of the new course is part of the plan for diversification of the Institute’s educational programmes, outlined by Mr. K.T. Chandy, Chairman of the Governing Body of the IIT, in a talk with newsmen last night.
Limited access to mental healthcare despite rising demand
- The demand for mental healthcare is increasing in India thanks to shifts in attitudes over the years. However, data show that there is no commensurate rise in the number of mental health professionals.
- The World Health Organization’s guidelines state that there should be at least three practising psychiatrists per one lakh population. As per the latest National Mental Health Survey (NMHS), which was conducted between 2015 and 2016, India has only 0.75 psychiatrists per 1 lakh population.
- In its 2023 report, ‘Mental Healthcare and Its Management in Contemporary Times,’ the Parliamentary Standing Committee on Health and Family Welfare stated that there were 9,000 working psychiatrists in India at the time. If the goal is to have three psychiatrists per one lakh population, India would require 36,000, the report said.
How market efficiency is compromised
- Contrary to popular wisdom, financial markets today are not as efficient as they used to be just a few decades ago, argues billionaire investor and co-founder of AQR Capital Management Clifford S. Asness in his forthcoming paper “The Less-Efficient Market Hypothesis” in the Journal of Portfolio Management.
- Market efficiency refers to how well the market price of assets, such as common stocks for example, reflect the information that is available to investors about these assets. Financial experts believe that markets, while not perfectly efficient, are highly efficient since there are millions of investors in the market trying on a daily basis to gather as much information as possible about assets and take advantage of any inefficiencies in the pricing of these assets.
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