Daily Current Affairs and GK | 7 November 2024

Topic: Corporates/Companies

1. NTPC and ONGC formed a joint venture to tap renewable energy.

• NTPC Limited and Oil and Natural Gas Corporation (ONGC) have formed a joint venture company (JVC) to promote their interests in the renewable and new energy arena.
• This joint venture will use renewable energy and new energy opportunities, including solar, wind and energy storage.
• This joint venture was formed through their green energy subsidiaries, NTPC Green Energy Ltd (NGEL) and ONGC Green Energy Ltd.
• It will also focus on new and emerging technologies in the field, such as energy storage including both pump and battery storage.
• The JVC will work to acquire renewable energy assets and will consider participation in upcoming offshore wind tenders in Tamil Nadu and Gujarat.
• ONGC is aiming to acquire more than 1 GW of renewable energy projects to enter the clean energy services market.

Topic: Sports

2. India formally bids to host the 2036 Olympics.

• The Indian Olympic Association (IOA) officially submitted a Letter of Intent to the Future Host Commission of the International Olympic Committee (IOC).
• India has formally desired to host the Olympic and Paralympic Games in 2036.
• 10 countries have shown initial interest in hosting the 2036 Games.
• Mexico, Indonesia, Turkey, Poland, Egypt, and South Korea are the other countries that have shown interest in hosting the 2036 Olympic Games.
• Los Angeles in the USA will host the 2028 Summer Olympics, and Brisbane, Australia, will host the 2032 Games.
• Last year, at the IOC's 141st session in Mumbai, India committed to host the 2036 Olympic Games.

Topic: National News

3. Supreme Court allowed LMV license holders to drive transport vehicles with a weight of up to 7,500 kg.

• Supreme Court said that a person holding a driving licence for a light motor vehicle (LMV) can drive a transport vehicle weighing up to 7,500 kg.
• This judgment has been given by a five-judge Constitution Bench headed by Chief Justice D.Y. Chandrachud.
• The decision came after insurance companies rejected claims due to accidents involved transport vehicles of a particular weight and drivers were not authorized to drive them as per legal stipulation.
• The issue has given rise to various disputes over payment of claims by insurance companies in accident cases.
• There is no empirical data that LMV driving licence holders are responsible for the rise in road accidents in the country.

Topic: Summits/ Conferences/ Meetings

4. Indian Navy hosted the 3rd MAHASAGAR summit on maritime security.

• The third edition of the MAHASAGAR summit on maritime security has been hosted by the Indian Navy.
• MAHASAGAR summit is a bi-annual flagship outreach event to foster collaboration among maritime heads across the Indian Ocean Region (IOR) under the framework of Active Security and Growth for All in the Region.
• ‘Training Cooperation to Mitigate Common Maritime Security Challenges in the IOR’ is the theme of the summit.
• It will bring senior leaders from maritime agencies across the IOR littorals, including Bangladesh, Comoros, Kenya, Madagascar, the Maldives, Mauritius, Mozambique, the Seychelles, etc., to one platform.
• The MAHASAGAR platform will foster dialogue and build partnerships to safeguard the shared maritime space of the Indian Ocean region.