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11th January, 2025 Current Affairs

11th January, 2025 Current Affairs

INTERNATIONAL
Lebanon Elects General Joseph Aoun as President After 2-Year Deadlock

  • Lebanon’s parliament has elected General Joseph Aoun as the country’s new president, effectively ending a two-year political vacuum. The election, held on January 9, 2025, concluded a prolonged period of political paralysis that began after the term of former President Michel Aoun ended in October 2022. General Aoun, who has led the Lebanese Armed Forces since 2017, secured 99 out of 128 votes in the second round of voting, surpassing the required majority.
  • Lebanon has been without a president since October 2022, leading to a significant governance vacuum. The political impasse was exacerbated by deep divisions within the parliament, particularly between Hezbollah and its opponents, which hindered the election of a new president.

ECONOMY
Justice B.N. Srikrishna to Lead Advisory Board of Equal and OneMoney

  • Retired Justice B.N. Srikrishna has been appointed as the Chairman of the newly established Advisory Board for Equal, an identity verification and data-sharing platform, and its strategic investee, OneMoney, an account aggregator. This appointment aligns with the government’s recent release of the draft rules for the Digital Personal Data Protection (DPDP) Act, signaling a stronger regulatory push for data security and privacy.
  • Former Supreme Court Judge and eminent authority on data protection.
  • Equal, founded in 2022 by Keshav Reddy and Rajeev Ranjan, offers identity authentication services by integrating over 50 identity databases and more than 4,000 API providers. Its clients include WeWork, L&T, TVS, Aragen, Emri, Achala, and Hetero. In August 2024, Equal made a strategic investment in OneMoney, an RBI-licensed account aggregator platform, enhancing its consent-based financial data-sharing services. Together, they have enabled over 75 million monthly transactions and serve over 250 clients.
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SCIENCE AND TECHNOLOGY
Blue Origin’s New Glenn Rocket to Launch on January 10, 2025

  • Blue Origin is poised to launch its New Glenn rocket on January 10, 2025, marking a significant milestone in the company’s space exploration endeavors. This inaugural mission aims to demonstrate the rocket’s capabilities and establish Blue Origin as a formidable competitor in the commercial space industry.
  • The mission will carry a prototype Blue Ring payload tug and a payload hoisting platform, technologies designed to enhance the flexibility and efficiency of future space missions.
  • Standing 320 feet tall, the New Glenn rocket is designed to carry heavy payloads into low Earth orbit (LEO) and geostationary transfer orbit (GTO).
  • A standout feature of the New Glenn rocket is its reusable first stage, designed to land on a marine vessel named “Jacklyn” after its flight. This reusability aims to significantly reduce launch costs and promote sustainability in space exploration.
Published date : 16 Jan 2025 09:37AM

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