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News Highlights provides you with the best compilation of the Daily News Highlights taking place across the globe: National, International, Sports, Science and Technology, Banking, Economy, Agreement, Appointments, Ranks, and Report and General Studies
1.
Just about 8,000 candidates have taken up offers in the pilot project of the Prime Minister's Internship Scheme till the middle of January, sources involved in the process said. The pilot phase was launched in October, while the scheme itself was announced in the Union Budget for 2024-25 last July. Of the 1.27 lakh internship opportunities listed by 280 companies in the first phase, partner companies made 82,077 internship offers to 60,866 candidates. Of these, 28,141 candidates accepted offers to join the internship as on January 29, 2025, according to a Lok Sabha reply by the Ministry of Corporate Affairs.
2.
India will likely skip the deadline for submitting the next round of climate action plans required under the Paris Agreement and may not significantly upgrade its targets. These plans, called Nationally Determined Contributions or NDCs, are supposed to provide details of the climate action countries intend to take up to 2035. The Paris Agreement requires its member countries to refresh their NDCs in five-year cycles. The existing NDCs, submitted in 2020, pertain to the period up to 2030. The Paris Agreement Implementation and Compliance Committee, after a meeting last year, decided to ask countries to submit their 2035 NDCs by February 10, about nine months ahead of the year-ending annual climate conference.
3.
On the eve of US President Donald Trump's inauguration, Israel and Hamas reached a fragile ceasefire agreement after months of negotiations. Both the incoming president and his predecessor, Joe Biden, were eager to take credit. Now, as the first of three phases on the proposed path to peace unfolds-with the exchange of many hostages and prisoners still awaited - Trump's proposal to "take over" Gaza threatens to derail the process entirely. Reminiscent of the 1948 Nakba, when 7,00,000 Palestinians were displaced during and after the first Arab-Israeli war, Trump has framed his proposal as a "humanitarian" effort, claiming he wants to spur economic development, create jobs, and provide housing for Gaza's 1.8 million residents-who, in the meantime, should move to Egypt or Jordan. Both countries, however, have categorically rejected this idea, saying they will not accept Palestinian refugees.
4.
From the outset, the dreamers for India had placed a high value upon science, technology, and scientific temper. The first phase of this was centred around the Indian state. Previously private organisations, such as Tata Institute of Fundamental Research (TIFR) or Bhabha Atomic Research Centre (BARC) were brought under the fold of the government. And, for some time, this delivered good results, such as the nuclear test of 1974. When a private firm is working in an area (for example, an automobile component firm that's challenged to produce ball bearings of a superior spec), it will try to do the research well, because it also has a direct interest in the knowledge sought to be produced. Such a firm would bring knowledge from its normal operations into the contracted research; it would care deeply about the work and execute it well, and then the knowledge produced through the publicly-funded research would spillover into its economic success.
5.
India's GDP Is expected to grow from $3.7 trillion in 2023-24 to $7 trillion in 2030-31, which will be fuelled by building on the strong foundation that has already been laid through sound fiscal and monetary policies and world-class physical and digital infrastructure. Financing India's capex will require higher savings. The investment required for a $7-trillion economy will be approximately $2.5 trillion, which translates to an investment-to-GDP ratio of 34 per cent. Corporates and households are net savers with the government running deficits, limiting the amount of its investments. The private sector has not been investing its surplus. The share of investment to operating cash flow for listed firms is down to 56 per cent in 2023-24 from a peak of 114 per cent in 2008-09.
6.
AMID an anticipated trade and investment shift away from China following the latest US-China trade war, India has signalled that better protection for foreign investors could be on offer for its trade partners as it begins the groundwork to revamp the 2016 model Bilateral Investment Treaty (BIT), which took a conservative stance and favoured the state over investors in investor-state disputes. A revamp of the 2016 model BIT was flagged in the Union Budget after multiple Western trade partners cited burdensome norms during ongoing treaty negotiations. India is currently in talks with the UK and the European Union for an investment treaty and is also expected to negotiate a BIT with the European Free Trade Association (EFTA) region, which has committed to investing $100 billion in India over a 15-year period.
7.
Argentina's President has ordered the country's withdrawal from the World Health Organisation due to "profound differences" with the UN agency. The loss of another member country will further fracture cooperation in global health, though Argentina was expected to provide only about $8 million to WHO for the agency's estimated $6.9 billion 2024-2025 budget. Argentina's decision is based on "profound differences in health management, especially during the (COVID-19) pandemic," spokesperson Manuel Adorni said.
8.
Rajasthan Health Minister Gajendra Singh Khinvsar tabled a Bill in the state Legislative Assembly to stop "unlawful" religious conversions. Known as the Rajasthan Prohibition of Unlawful Conversion of Religion Bill, it is expected to be passed during the ongoing Budget session after a debate. In the Bill, unlawful conversion mainly refers to religious conversion through coercion, force, allurement or fraud, with allurement including cash, material benefits, employment, free education, etc. Those converting voluntarily would undergo a seemingly exhaustive process. A prescribed declaration form should be filled and submitted to the District Magistrate (DM) or the relevant authority 60 days in advance. Violations would invite up to three years imprisonment and a minimum fine of Rs 10,000.
9.
Temperatures at the North Pole increased to more than 20 degrees Celsius above average crossing the threshold to melt ice, during the depths of the polar winter (which is from November to February). The unusually high temperatures at the North Pole were the product of a deep low-pressure system - a region where the atmospheric pressure is lower than that of surrounding locations over Iceland. The system opened gates for the arrival of warmer air from lower latitudes, effectively bringing heat to the region. Another factor was really hot sea surface temperatures in the north-east Atlantic, which further intensified the wind-driven warming. Absolute temperatures at the North Pole reached more than negative one degree celsius. The global temperatures have in-creased by around 1.3 degrees Celsius compared to the 1850-1900 baseline. The Arctic, however, has warmed 3.8 times faster than the global average since the late 1970s, according to a 2022 study published in the journal Communications Earth and Environment.
10.
Ahead of and during an extraordinary press conference that he addressed with Israel's Prime Minister Benjamin Netanyahu, United States President Donald Trump made some major policy announcements on the Middle East. The new proposal for Gaza (and Palestine) risks violating long-standing resolutions of the United Nations Security Council and General Assembly supporting Palestinians' right of self-determination (which India has proactively backed), and several peremptory norms of international law (jus cogens) including those that prohibit ethnic cleansing. Trump's claim that Gazans do not want to return contradicts visible evidence on the ground-following the ceasefire, thousands have returned to North Gaza, even though Israeli bombardment has reduced the homes of many to rubble.
11.
India's Space agency reported the partial failure of its NVS-02 navigation satellite due to the non-firing of its engines in space. This was the latest in a series of setbacks suffered by the Indian Regional Navigation Satellite System (IRNSS), operationally referred to as the Navigation with India Constellation (NavIC) system. Mid-2016 onward, there were reports of failures of the rubidium atomic clocks used in several navigation satellites, including ISRO's IRNSS and the European Space Agency's (ESA's) Galileo Global Navigation Satellite System (GNSS). There are three atomic clocks on each IRNSS satellite.
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