Why in News? 

Koneru Humpy, a pioneer in Indian women's chess, clinched her second Women’s World Rapid Chess Championship title at the age of 37 in New York. 

2024 World Rapid Chess Championship 

• Organizer: Conducted by FIDE (International Chess Federation). 
• Format: Rapid time control (15 minutes per player with a 10-second increment per move). 
• Objective: Determines the world champion in rapid chess. 
• Participants: Features top international chess players. 
• Significance: Part of the World Rapid and Blitz Championships, combining strategy with speed.