ALL EXAM QUIZ 03.03.2025

Explanation:

• India led global IPO activity in 2024 and raised over $19 billion.
• A new report on February 23 said India has emerged as the global leader in initial public offering (IPO) activity in 2024, accounting for 23% of all public issues worldwide.
• According to the Indus Valley Annual Report 2025, India raised the highest amount of funds through IPOs, amounting to $19.5 billion.
• This was followed by IPOs listed on the US Nasdaq, which raised $16.5 billion, and IPOs listed on the New York Stock Exchange (NYSE), which raised $15.9 billion.
• There were 268 IPOs listed in India, including 90 mainboard listings and 178 SME listings.
• One of the biggest offerings of the year was Hyundai Motors' Rs 27,870 crore IPO, becoming India's largest IPO and the world's second-largest IPO in 2024.
• Venture capitalists have shown increasing interest in the Indian IPO market, as several prominent companies have gone public with venture funding this year.
• Since 2012, the average market capitalisation of SME IPOs has increased 4.5 times, reaching around Rs 100 crore in 2024.
• Further, the average revenue of SMEs at the time of the IPO has increased three-fold to Rs 70 crore.
• India’s instant commerce sector has witnessed tremendous growth, growing from $300 million in FY22 to an estimated $7.1 billion in FY25.

Explanation:

• NITI Aayog formed a committee to transform AIIMS, New Delhi.
• NITI Aayog has constituted a committee that will prepare a roadmap for transforming AIIMS, New Delhi into a premier institution for medical research and practice.
• The committee will be led by NITI Aayog member V K Paul.
• It will examine the existing systems and processes at AIIMS and propose significant reforms for their implementation.
• The committee will identify ways to streamline patient inflow and develop Key Performance Indicators (KPIs) to ensure optimal clinical, academic, and research outcomes.
• NITI Aayog in association with the CSEP Research Foundation has examined the experiences of various countries that have adopted strategies for achieving Universal Health Coverage (UHC).
• UHC will help in providing quality health services to the population without causing financial strain.
• The Ayushman Bharat scheme was launched in 2018 and played a pivotal role in reducing financial burdens for families.

Explanation:

• Government is working to set up a National Green Financing Institution.
• National Green Financing Institution will support India in achieving a net-zero target by 2070.
• A dedicated National Green Financing Institution will help bridge the gap between target and achievement.
• NITI Aayog is examining structuring mechanisms for operationalizing a potential National Green Financing Institution.
• India aims to reduce its GDP emission intensity by 45 per cent by 2030 compared to 2005 levels.
• India also aimed to achieve 50 per cent of its installed electric power capacity from non-fossil fuel sources by 2030.
• India has also made a commitment to create an additional carbon sink of 2.5 to 3 billion tonnes through additional forest and tree cover by 2030.

Explanation:

• A new gold card investor visa programme has been announced by US for wealthy immigrants.
• The new programme will replace the existing EB-5 visa.
• The immigration Gold Cards can be bought by the companies on payment of 5 million dollars for highly talented employees.
• US President Donald Trump called the initiative as green card privileges plus an upgrade from the green card system.
• EB-5 provides immigration privileges to people investing between 800,000 dollars and 1.05 million dollars.
• It is expected that the new programme will be launched in two weeks.

Explanation:

• Department for Promotion of Industry and Internal Trade and Paytm signed MoU.
• The MoU has been signed to boost innovation, support Fintech & manufacturing Startups.
• The MoU has been signed to foster innovation and accelerate the growth of manufacturing and fintech startups in India.
• The aim of partnership is to support fintech hardware startups through mentorship and innovation guidance.
• It will help them develop and scale payment and financial technology solutions.
• The focus of MoU is also on regulatory and compliance assistance by providing guidance in association with industry and government bodies.

Explanation:

• Denmark announced the Green Transition Alliance India (GTAI) initiative.
• The Green Transition Alliance India (GTAI) initiative has been launched by Denmark to strengthen collaboration with India on sustainable energy solutions.
• It will help in the commitment to achieve global carbon neutrality.
• This new alliance will play a key role in fostering sustainable energy growth in India by creating an ecosystem that promotes collaboration between businesses, government bodies, research institutions, and financial stakeholders of both countries.
• Many Danish companies including Grundfos, Copenhagen Infrastructure Partners, Baettr, Novonesis, and MASH Makes are joining GTAI as members.
• Global Wind Energy Council (GWEC), Indo-Danish Chamber of Commerce (IDCC), Confederation of Danish Industry (DI), and Indian Institute of Technology (IIT) Madras Energy Consortium are partners of this alliance.
• The GTAI exemplified the initiatives under the Green Strategic Partnership (GSP) signed in 2020.
• Denmark, ranked fourth in the global Climate Change Performance Index 2025, aims for net zero by 2045.

Explanation:

• Indian Army signed a contract for the procurement of ACADA systems with L&T.
• Indian Army is planning to procure 223 Automatic Chemical Agent Detection and Alarm (ACADA) systems at a cost of Rs 80.43 Cr under the Buy Indian (IDDM) category.
• It will boost India’s self-reliance drive as more than 80% of the components and sub-systems of the equipment will be sourced locally.
• ACADA has been designed and developed by DRDO’s Defence Research and Development Establishment, Gwalior.
• The ACADA system is used to detect chemical warfare agents (CWA) and programmed toxic industrial chemicals (TICs).
• It works on the principle of Ion Mobility Spectrometry (IMS) and has two highly sensitive IMS cells for continuous detection and simultaneous monitoring of harmful/ toxic substances.
• ACADA will enhance the Indian Army’s defensive CBRN capability for operations.

Explanation:

• Finance Secretary Tuhin Kanta Pandey has been appointed as the new chairman of the Securities and Exchange Board of India (SEBI).
• He will replace Madhabi Puri Buch, whose term ends on 28 February 2025. The government has appointed him to this post for a period of three years.

Explanation:

• Union Minister Sarbananda Sonowal recently launched the 'One Nation-One Port' (ONOP) initiative. The initiative aims to standardize and streamline operations at India's major ports and enhance the efficiency and ease of doing business in the maritime sector.
• The launch is part of broader efforts to modernize India's port infrastructure and boost its global trade capabilities.

Explanation:

• Anant Ambani's Vantara has been awarded the prestigious 'Prani Mitra' National Award in the Corporate category for outstanding contribution to animal welfare.
• This honor is India's highest honor given by the Government of India in the field of animal welfare. The 'Prani Mitra' Award is part of a broader initiative to recognize and encourage excellence in animal welfare in various sectors, including corporate entities, organizations and individuals.