Current Affairs Highlights (December 05 , 2024)
International
- French Prime Minister Ousted : French lawmakers passed a historic no-confidence vote on December 4, 2024, leading to the resignation of Prime Minister Michel Barnier. Opposition to Barnier’s austerity budget united far-right and left-wing blocs in the National Assembly, marking the first successful no-confidence motion in France since 1962.
- South Korea’s Brief Martial Law : South Korean President Yoon Suk Yeol declared martial law on December 3, 2024, citing threats of “anti-state activities.” Following intense backlash and unanimous opposition from the National Assembly, the declaration was overturned within hours, further straining Yoon’s administration amidst calls for his resignation.
- Bangladesh Political Reforms : Nobel laureate Muhammad Yunus, interim Chief Adviser of Bangladesh, has excluded the Awami League from consultations on India-Bangladesh relations and reforms. Yunus emphasized fostering democratic values and equitable relations with India, while addressing political challenges and minority safety concerns.
- Corporate Influence on Science : A global debate highlights the dual impact of corporate-funded research. While it drives innovation and funding, it raises concerns about transparency, objectivity, and ethical practices, necessitating robust oversight and mandatory disclosures to maintain public trust.
- OpenAI CEO’s Trust in Musk : OpenAI CEO Sam Altman expressed confidence that Elon Musk, despite his proximity to political figures like Donald Trump, would not misuse power to harm rivals. This statement comes amidst scrutiny over corporate influence in technology and politics.
National News (India)
- Dearness Allowance Hike in Gujarat : The Gujarat government has announced a 3% increase in Dearness Allowance (DA) for state government and panchayat employees, including teaching and non-teaching staff in secondary and higher secondary schools under the 7th Pay Commission. This move is set to benefit thousands, improving their financial stability amidst rising living costs.
- Rupee Trades Narrowly Against Dollar : On December 5, 2024, the Indian rupee opened at 84.72 and traded in a tight range against the U.S. dollar, briefly touching 84.71. The 4 paise gain reflects cautious trading influenced by mixed global signals and crude oil price fluctuations.
Tamil Nadu News (state)
- Cyclone Fengal : Cyclone Fengal has caused significant damage to crops in Tamil Nadu, particularly in Villupuram district, where 80,520 hectares of farmland have been affected. The district received unprecedented rainfall of 50 cm on December 1, 2024. Tamil Nadu Chief Minister M.K. Stalin reviewed the damage and emphasized the need for central government assistance. A detailed assessment of crop losses and property damage will be conducted once floodwaters recede.
