TNPSC CURRENT AFFAIRS (30.3.2024)

India and Ukraine discussed a ‘peace formula’ for resolving the conflict between Russia and Ukraine
The talks covered Ukraine-India Bilateral Relations and Global Security Both parties showed interest in energising the bilateral relationship with new projects
Ukrainian demands Complete withdrawal of Russian forces from Ukraine, including Crimea (which Russia annexed in 2014)
This adheres to Ukraine’s pre-2014 borders
Russian stance Rejects the Ukrainian plan, claiming it doesn’t consider Russia’s concerns
The upcoming peace summit in Switzerland aims to find a solution that bridges this gap Kuleba called for a more proactive role for Indian Involvement in Peace Process, in the ‘Global Peace Summit’ in Switzerland

2. INDIAN NAVY SEIZES HIJACKED IRANIAN VESSEL, RESCUES CREW

Indian Navy ships Sumedha and Trishul intercepted and freed a hijacked Iranian fishing vessel (FV), Al-Kambar, after forcing the pirates to surrender
This is the latest in a series of incidents of piracy in the Arabian Sea and off Somalia in the past few months near Socotra Island off the coast of Yemen
Hijacking of Malta-flagged merchant vessel MV Ruen on December 14
Al Ashkaan with 24 Pakistani crew members was hijacked earlier by seven Somali pirates on November 29

3. OPS LIKE TIGER TRIUMPH WILL BUILD TRUST BETWEEN INDIA U.S

Exercise Tiger Triumph 2024 was a bilateral, tri-service military exercise between India and the United States
Aim: Improve coordination between the Indian and US militaries (Army, Navy, Air Force)
Strengthen cooperation on humanitarian assistance and disaster relief (HADR) operations
Refine procedures for joint responses to emergencies Enhance military capabilities for potential sub-conventional operations
The exercise took place from March 18th to March 31st, 2024, near Visakhapatnam and Kakinada, India
It involved: Sea phase: Ships from both navies practiced maneuvers, joint operations, and logistics support
Harbour phase: Military personnel participated in planning exercises and other activities to improve communication and cooperation
Cultural and athletic events: Aimed at building camaraderie between the forces
Exercise Tiger Triumph 2024 aimed to strengthen the India-US military partnership and improve their ability to work together in the Indo-Pacific region

4. BANK’S GNPAs SET TO IMPROVE TO 2.1% BY FY 25 SAYS CARE RATINGS

Non-Performing Asset (NPA) – A broader term encompassing GNPA
It includes all loan accounts where repayment of principal or interest is overdue for a certain period
Gross Non-Performing Assets (GNPA) – It refers to the total value of loans that are classified as non[1]performing ○ In simpler terms, it’s the total amount of money borrowers haven’t repaid within a specific timeframe
Typically 90 days after the due date Net Non-Performing Asset (NNPA)
This is GNPA minus the provisions (money set aside) that the bank anticipates to cover potential losses from bad loans
NNPA reflects the bank’s actual financial loss from non[1]performing loans
Understanding GNPA is crucial when evaluating a bank’s financial health
A high GNPA indicates a significant risk of bad loans, potentially impacting the bank’s profitability and stability

5. ISREAL’S NETANYAHU APPROVES TALKS ON GAZA CEASEFIRE HOSTAGE RELEASE

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