{"id":3307,"date":"2024-12-28T11:46:36","date_gmt":"2024-12-28T11:46:36","guid":{"rendered":"https:\/\/lawentranceindia.com\/blogs\/?p=3307"},"modified":"2024-12-28T13:25:15","modified_gmt":"2024-12-28T13:25:15","slug":"mlc-daily-current-affairs-28-december-2024","status":"publish","type":"post","link":"https:\/\/lawentranceindia.com\/blogs\/mlc-daily-current-affairs-28-december-2024\/","title":{"rendered":"MLC Daily Current Affairs – 28 December 2024"},"content":{"rendered":"

Today in History (December 28th<\/sup>,1885)<\/h1>\n

Indian National Congress, a political party of India, is founded in Bombay Presidency, British India.<\/p>\n

Summary of Today’s News<\/strong><\/h2>\n

China’s Stance on Brahmaputra Dam<\/span><\/strong><\/h3>\n

\u2022 China approved the construction of the world’s largest dam on the Brahmaputra in Tibet, near the Indian border.
\n\u2022 Defensive Stance: China defended the project, stating it would not negatively affect lower riparian states, India and Bangladesh.
\n\u2022 Hydropower Development: The dam aims to enhance clean energy development and address climate change and hydrological disasters.
\n\u2022 Safety Measures: China assured that extensive studies and safeguards were in place to ensure the project’s security and environmental protection.
\n\u2022 International Communication: China committed to maintaining communication with lower riparian countries and cooperating on disaster prevention and relief.
\n\u2022 Geographical Concerns: The dam is located in a seismically active Himalayan region, raising concerns about its ecological impact.<\/p>\n

Bald Eagle<\/span><\/strong><\/h3>\n

Context:<\/strong>
\n\u2022 The bald eagle is the national bird of the United States.
\nAbout:<\/strong>
\n\u2022 The bald eagle is native to North America.
\n\u2022 Appearance: It has a striking white head and tail, with a dark brown body and wings. The beak is yellow, large, and hooked, and it has strong claws.
\n\u2022 Diet: Carnivorous, mainly feeding on fish, but also hunts waterfowl and scavenges carrion.
\n\u2022 Great Seal: A national symbol used in official U.S. documents since 1782.
\n\u2022 Symbolism: Represents strength, freedom, and independence.
\n\u2022 Distribution: Breeds in Canada, USA, Mexico, and the French territories of Saint Pierre and Miquelon.
\n\u2022 Conservation: Protected under the National Emblem Act of 1940, making it illegal to sell or hunt. Listed as Least Concern on the IUCN Red List.<\/p>\n

Committee for Ethical Enablement of AI in Financial Sector<\/span><\/strong><\/h3>\n

The Reserve Bank of India (RBI) has established a committee to develop a framework for the responsible and ethical use of AI in the financial sector, called FREE-AI.
\nAbout the Committee:<\/strong>
\nLeadership:<\/strong>
\nThe committee will be chaired by Pushpak Bhattacharyya, a Professor at IIT Bombay’s Department of Computer Science and Engineering.
\nObjectives:<\/strong>
\n\u2022 Assess the current adoption of AI in financial services both globally and in India.
\n\u2022 Review international regulatory and supervisory approaches to AI in the financial sector.
\n\u2022 Identify potential risks associated with AI and recommend frameworks for mitigation, evaluation, and monitoring for financial institutions (banks, NBFCs, FinTechs, PSOs, etc.).
\n\u2022 Propose a framework for responsible and ethical AI adoption in the Indian financial sector, including governance aspects.
\n\u2022 Address any other AI-related matters within the Indian financial sector.
\nTimeline:<\/strong>
\nThe committee will submit its report within six months from the date of its first meeting.<\/p>\n