15 December 2024 Current Affairs

South Korea President Yoon Suk Yeol impeached

South Korea’s parliament has voted to impeach the president, Yoon Suk Yeol
The impeachment stemmed from President Yoon's controversial declaration of martial law on December 3, 2024
It was done with a vote of 204 in favor, 85 against, three abstentions, and eight invalid votes.
It was the second impeachment vote Yoon faced, after a similar vote last week failed.
He was accused of abusing his power
Following the impeachment, Prime Minister Han Duck-soo was appointed acting president
Han will serve in this role until the Constitutional Court decides whether to permanently remove Yoon from office
If Yoon is removed, a new presidential election must be held within 60 days

Why was Martial Law invalid?

Yoon's declaration of martial law was justified by claims of internal and external threats
It includes opposition efforts to impeach his cabinet members and unspecified threats from North Korea.
However, the South Korean constitution allows martial law only in cases of war or similar national emergencies.
The military and police officials contradicted Yoon's claims

The United States has developed an advanced anti-missile system named Dark Eagle.
Dark Eagle outperforms Russia’s S-300V4, S-400, and S-500 systems.
These Russian systems struggle against manoeuvrable hypersonic warheads.
Dark Eagle’s capabilities extend to all modern weapon types.

Features of Dark Eagle

Long-range hypersonic anti-missile system capable of intercepting enemy missiles in mid-air.
It is capable of stopping ballistic, cruise, hypersonic missiles and warheads.
It has an operational range estimated at over 2,775 kilometers

About Hypersonic Missiles

The term “Hypersonic” refers to a speed at least five times the speed of sound The feature of these missiles is manoeuvrability
It sets them apart from a ballistic missile that follows a set course or trajectory. Hypersonic Cruise Missiles use scramjet engines

BOBCARD has launched the TIARA Credit Card
It is a premium, women-centric offering designed to empower modern women.
This card is packed with rewards across various categories such as travel, lifestyle, dining, entertainment, and health
It provides women with the tools to manage their finances without compromising on lifestyle. The launch event, held at Pinkathon
TIARA is powered by the RuPay network

Features of TIARA Credit Card

Joining & Annual Fee: Rs 2,499 + GST.
Rewards: 15 reward points for every Rs 100 spent on travel, dining, and international purchases.
Health & Safety Perks: Free health packages, including Pap Smear and Mammography, plus a personal accident cover up to Rs 10 Lakhs.
Lifestyle Benefits: Complimentary vouchers worth Rs 31,000 from brands like Myntra, Nykaa, and Lakme Salon.
Entertainment & Dining: Free memberships to OTT platforms, discounts on movie tickets, and Swiggy One free deliveries.
Additional Perks: Unlimited domestic lounge access, reduced forex mark-up, and UPI payment access.

The Reserve Bank of India has approved the appointment of Manish Jain as the Executive Director of Yes Bank
It is for a three-year term, from December 11, 2024, to December 10, 2027.
The approval is based on Section 35B of The Banking Regulation Act, 1949.

About Manish Jain

Manish Jain has been serving as the Country Head of Wholesale Banking since his arrival at YES Bank in September 2023.
Jain holds over three decades of work experience, including over 23 years with Standard Chartered Bank.
He holds a Post Graduate Diploma in Management from IIM Bangalore and a B.Tech in Mechanical Engineering from IIT Delhi.

About Yes Bank

Jasprit Bumrah recently achieved the significant milestone of taking his 10th five-wicket haul in Test cricket.
Kapil Dev has a record of Nine five wicket haul
Bumrah now has three five-wicket hauls in Australia, three in South Africa and two each in West Indies and England.
In SENA (South Africa, England, New Zealand, and Australia) countries, he also registered eight five wicket haul compared to Kapil Dev’s Seven.

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