Home Daily Current Affairs Banking Current Affairs Daily Current Affairs – November 18 & 19, 2023

Daily Current Affairs – November 18 & 19, 2023

Daily Current Affairs - Banking - November 18 & 19, 2023

Dear Banking Aspirants,

Prepare for the Daily Current Affairs with Veranda Race who is the pioneer in the Banking Exam Coaching. Current Affairs section is one of the important Scoring section in the Mains of many Banking Exams like SBI PO, SBI CLERK, IBPS PO, IBPS CLERK, IBPS RRB PO, IBPS RRB CLERK and multiple Insurance Exams.

Veranda Race is committed to provide Daily Current Affairs for all the days for the students who are preparing for Banking & Insurance Exams.

Check Daily for the Daily Current Affairs and also for the Quizzes to prepare for the upcoming Banking & Insurance Exams in 2023.

Download – LEGEND Monthly Current Affairs Magazine

Are you a RACE Student?

Yes No

Nearest RACE Branch

Mail ID

Mobile Number

National News

Pre-National Conference Webinar on ‘BRSR: Tracking the journey of non-financial disclosures by businesses in India’

The Indian Institute of Corporate Affairs (IICA) jointly organised a Pre-National Conference on Responsible Business Conduct webinar focusing on Business Responsibility and Sustainability Reporting (BRSR) with Partners in Change in New Delhi.
The conference delved into the analysis of publicly disclosed data by 928 companies, providing insights into the journey of non-financial disclosure in India.
With a central focus on key issues of diversity, materiality, and occupational health and safety (OHS), the webinar aimed at achieving the following objectives:
Fostering a deeper understanding of the BRSR framework.
Tracing the evolution of disclosures from Business Responsibility Reports (BRR) to BRSR
Analysing trends in disclosures to determine how data can enhance engagement with companies and stakeholders.
Indian Institute of Corporate Affairs (IICA) is an autonomous institution working under the aegis of the Ministry of Corporate Affairs.
Partners in Change is a leading organisation dedicated to fostering sustainable development and responsible business practices.
Ministry of Corporate Affairs – Nirmala Sitharaman, Union Minister (Rajya Sabha MP, Karnataka) – Raja Rao Inderjit Singh Yadav, Minister of State (Gurgaon,Haryana)

Central Sanskrit University in Puri

Union Minister for Education and Skill Development & Entrepreneurship Shri Dharmendra Pradhan laid foundation stone of the Academic Administrative building and Girls and Boys hostel building, quarters, and sports facilities at the Central Sanskrit University, Shree Sadashiva Campus, Puri, Odisha.
He also inaugurated a three-day International Seminar titled ‘Lakshmi Puran of Balaram Das: A New Discourse on Equity, Empowerment & Emancipation’ at the Campus.
Shri Sadashiv Campus, Puri, is one of the largest and premier campuses of the Central Sanskrit University, spread over 28 acres, accommodating an Academic and Residential Complex.
For the development of Sanskrit, 100 crore has been sanctioned by Prime Minister Shri Narendra Modi.
Ministry of Education – Dharmendra Pradhan,Union Minister (Rajya Sabha MP,MP) – Subhas Sarkar, Minister of State (Bankura, West Bengal), Annpurna Devi Yadav, Minister of State (Kodarma, Jharkhand), Rajkumar Ranjan Singh, Minister of State (Inner Manipur,Manipur)

Government approved 27 manufacturers under PLI Scheme – 2.0 For IT Hardware

The Union Cabinet led by Prime Minister Narendra Modi had approved PLI Scheme – 2.0 for IT hardware.
This scheme covers laptops, tablets, all-in-one PCs, Servers and Ultra Small Form Factor devices.
Applications of 27 IT hardware manufacturers have been approved.
IT hardware of well-known brands such as Acer, Asus, Dell, HP, Lenovo, etc will be manufactured in India.
The expected outcomes of this approval, over the tenure of the scheme are as follows:
Employment: 2 lakhs – 50,000 (direct) and 5 lakh (indirect)
Value of IT hardware production: 3 lakh 50 thousand crore rupees (42 billion US dollars)
Investment by companies: 3,000 crore rupees (360 million US dollars)
The Production Linked Incentive Scheme (PLI) was launched in March 2020, the scheme initially targeted three industries: Mobile and allied Component Manufacturing, Electrical Component Manufacturing and Medical Devices.
Currently there are 14 sectors which includes mobile manufacturing, manufacturing of medical devices, automobiles and auto components, pharmaceuticals, drugs, specialty steel, telecom & networking products, electronic products, white goods (ACs and LEDs), food products, textile products, solar PV modules, advanced chemistry cell (ACC) battery, and drones and drone components.

Nationwide Roadshow on Digital India RISC-V (DIR-V) Program

Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT Rajeev Chandrasekhar flagged off the Nationwide Roadshow on Digital India RISC-V (DIR-V) Program.
This roadshow was jointly organized by C-DAC, IEEE India Council and Ministry of Electronics & IT (MeitY) with participation from global leaders in the RISC-V design area.
C-DAC has now created a series of ARIES Development Boards based on VEGA Processor Chip viz. ARIES Micro, ARIES V2, ARIES V3, ARIES IoT and ARIES DOT.
These development kits are fully indigenous and ‘Made in India’ products targeted for learning, embedded system design, and IoT applications.
The boards, built upon the RISC-V ISA-compliant VEGA Processor, come with easy-to-use hardware and software.
Ministry of Skill Development and Entrepreneurship – Dharmendra Pradhan,Union Minister (Rajya Sabha MP,MP) – Rajeev Chandrasekhar,Minister of State (Rajya Sabha MP,Karnataka)

Banking and Finance

RBL Bank launched free mobile healthcare vans for support, domestic workers

RBL Bank announced the launch of its mobile health services for a broad category of support staff, including essential and domestic service personnel as part of its corporate social responsibility (CSR) initiative.
The initiative includes fully equipped mobile healthcare vans to provide complementary health and eye check-ups for those employed in residential neighbourhoods and gated communities.
The CSR activity will cater specifically to house helps, security guards, drivers, housekeeping staff, blue-collar workers and others working in similar role.
The initiative identifies a series of problems faced by these individuals and offers a comprehensive range of services, including health check-ups, vision correction, doctor consultations, and educational guidance on preventive healthcare for lifestyle conditions such as diabetes and cholesterol (lipid).
RBL Bank – 06/08/1943 (Founded) – Mumbai (HQ) – R.Subramaniakumar (MD & CEO) – “Apno ka Bank” (Tagline)

Punjab National Bank Introduced Digital Gold Loan

Punjab National Bank (PNB) launched the PNB Digital Gold Loan scheme.
The digital lending solution launched during the bank’s Digital Mahotsav event aims to provide a hassle-free credit to customers to quickly meet their personal as well as agriculture credit requirements by using gold jewellery and/or ornaments as collaterals.
The two schemes have been named PNB Gold Loan for the retail segment and PNB Swarnim for the agriculture segment.
The PNB Digital Gold Loan scheme allows individuals to borrow amounts ranging from Rs 25,000 to Rs 25 lakh for personal needs.
Additionally, the loan is available for supporting agriculture or allied activities.
Borrowers seeking short-term production and/or investment credit for agriculture activities, such as crop production, land-based activity other than crop cultivation, irrigation, and allied agriculture activities are eligible for loans of minimum Rs 10,000 to maximum Rs 2 lakh.
One key feature of PNB Digital Gold Loan is its streamlined digital process, covering everything from loan application, loan acceptance to loan account opening, security creation, documentation and disbursement, thus eliminating paperwork hassles.
Punjab National Bank – 19/05/1894 (Founded) – Dwarka, New Delhi (HQ) – Atul Kumar Goel (MD & CEO) – “The Name You Can Bank Upon” (Tagline)

Agreements and MoUs signed

Ministry of Ayush signed the Traditional and Complementary Medicine 'Project Collaboration Agreement' with World Health Organisation

The Ministry of Ayush and World Health Organization (WHO) have signed Traditional and Complementary Medicine ‘Project Collaboration Agreement’ in Geneva.
The main objective of this agreement is to standardize Traditional and Complementary Medical Systems, integrate their quality and safety aspects into the National Health System, and disseminate them at the international level.
Through this cooperation agreement, efforts will be made to connect Traditional and Complementary Medical Systems with the mainstream of the National Health System.
To fulfil this objective, Traditional Medicine Global Strategy 2025-34 will be prepared by WHO with the support of the Ministry of Ayush.
Other major objectives of the agreement include efforts to strengthen the system of training and practice in the field of Complementary Medicine System ‘Siddha’, formulation of guidelines for the listing of Traditional and Complementary Medicines, safety and related efforts, etc.
An International Herbal Pharmacopoeia of herbs found in South-East Asia will be developed by the Ministry in collaboration with WHO.
Efforts will be made under this agreement to integrate evidence-based Traditional and Complementary Medicines with the National Health System, conservation and management of biodiversity and medicinal plants, etc.
Ministry of Ayush – Sarbananda Sonowal,Union Minister (Rajya Sabha MP,Assam) – Dr. Mahendra Munjpara,Minister of State (Surendranagar,Gujarat)
World Health Organization (WHO) – 07/04/1948 (Founded) – Geneva, Switzerland (HQ) – Tedros Adhanom (Director-General)

Small Industries Development Bank of India signed a MoU with Technology Development Board forge strategic alliance to boost MSMEs through Technology-Focused Financing

The Technology Development Board (TDB) and the Small Industries Development Bank of India (SIDBI) have formalized a Memorandum of Understanding (MoU) to facilitate easier access to credit for enterprises engaged in the development and commercial application of indigenous or imported technology.
Through this MoU, TDB and SIDBI have entered into a credit alliance, wherein TDB and SIDBI shall refer additional funding needs of companies they have previously funded to each other.
With dedicated key contacts, both organizations will streamline coordination for seamless referral exchange.
TDB and SIDBI will also provide financial support to eligible MSMEs, following their respective policy guidelines.
The collaboration extends beyond financial support, with the parties also planning joint outreach/marketing activities to promote the initiative and reach a wider audience.
The scope of these outreach/marketing activities will be mutually agreed upon during the implementation of the terms outlined in the MoU.
Technology Development Board (TDB), is a statutory body established by Government of India under Technology Development Board Act, 1995, to promote development and commercialization of indigenous technology and adaptation of imported technology for much wider application.
The board consists of 11 Board members.
Small Industries Development Bank of India (SIDBI) – 02/04/1990 (Founded) – Lucknow,UP (HQ) – Sivasubramanian Ramann (Chairman & MD)

Summit and Conference

International Conference cum Exhibition on ‘Aerospace & Aviation in 2047’

The President of India, Droupadi Murmu graced an International Conference cum Exhibition on ‘Aerospace & Aviation in 2047’, organised by the Aeronautical Society of India to commemorate its 75th Anniversary, in New Delhi.
The Aeronautical Society of India a professional body, devoted to advancement of aeronautical sciences and engineering in India, was founded in
Pandit Jawaharlal Nehru was the first Patron-in-Chief of the Society.
Former chairman of ISROS. Kiran Kumar is the President of The Aeronautical Society of India.
The Aeronautical Society of India is the only forum in the country that provides intense interaction between professionals from all facets of civil and military aviation as well as the manufacturing/training/maintenance agencies.
The objectives of the Society are to promote the advancement and diffusion of the knowledge of aeronautical sciences and aircraft engineering and the elevation of the aeronautical profession.

2nd Voice of Global South Summit

Prime Minister Narendra Modi addresses the inaugural session of the 2^nd Voice of Global South Summit via a video conference.
The theme of the Inaugural Leaders’ Session is “Together, for Everyone’s Growth, with Everyone’s Trust” and that of the Concluding Leaders’ Session is “Global South: Together for One Future”.
In addition, there will be eight Ministerial Sessions, with the following themes: Foreign Ministers’ Session on “India & the Global South: Emerging Together for a Better Future”, Education Ministers’ Session on “Making Human Resources Future Ready”, Finance Ministers’ Session on “Financing People-Centric Development”, Environment Ministers’ Session on “Sustainable Solutions for Climate Resilience and Climate Finance”.
It will also include Foreign Ministers’ Session on “Global South and One Development”, Energy Ministers’ Session on “Affordable & Inclusive Energy Transition for Sustainable Development”, Health Ministers’ Session on “Solutions from the Global South for One Health” and Commerce / Trade Ministers’ Session on “Global South & Resilient Supply Chains”.
This is the second time that India hosted the summit since January 2023.
The first summit was themed as “Energy Security and development: Roadmap to Prosperity” and has 10 sessions brought together 125 countries of the Global South to share their perspectives and priorities on a common platform in the run up to G20 Leaders Summit that was held in September 2023 in New Delhi.
The virtual summit is one of the conclusive acts of India’s G20 presidency, and is expected to take stock of the commitments made during New Delhi G20 summit.
The Voice of Global South summit is being stewarded by New Delhi in the wake of its emergence as a ‘voice of reason’ for the countries in the regions of Latin America, Asia, Africa, and Oceania — collectively dubbed as Global South — during New Delhi G20 summit.
During the summit he inaugurated a global centre for excellence for the Global South countries called

Acquisitions and Mergers

Softbank sold 2.5% stake in logistics firm Delhivery for Rs 739 crore

SVF Doorbell, an investment arm of Japanese investment major Softbank sold 49% stake in logistics firm Delhivery.
It sold 18.3 million shares at Rs 404 apiece to mop up Rs 739 crore.
As of September 2023, the SoftBank arm had held a 46% stake in Delhivery.
In March, SVF had sold 85% stake in Delhivery at Rs 340.8 apiece to raise Rs 954 crore.

Appointments

8th Prime Minister of Spain

Spain’s Pedro Sánchez was re-elected as prime minister by the nation’s
He was holding the position since
He is the 8^th Prime Minister of Spain.
Spain – Madrid (Capital) – Euro (Currency) – Felipe VI (Monarch) – Pedro Sánchez (Prime Minister) – Spanish (Language)

Indian envoy to the Caribbean Community

The Ministry of External Affairs has announced that High Commissioner of India to the Cooperative Republic of Guyana, Amit S Telang has been concurrently accredited as the Indian Ambassador to the Caribbean Community (CARICOM) and High Commissioner to the Federation of St Kitts and Nevis and Antigua and Barbuda.

Ambassador of India to the Federal Democratic Republic of Ethiopia

Anil Kumar Rai presently Joint Secretary in the Ministry of External Affairs, has been appointed as the next Ambassador of India to the Federal Democratic Republic of Ethiopia.
Ethiopia – Addis Ababa (Capital) – Birr (Currency) – Sahle-Work Zewde (President) – Abiy Ahmed (Prime Minister) – Afar, Amharic, Oromo, Somali, Tigrinya (Languages) – East Africa

8th President of Maldives

Mohamed Muizzu has been sworn in as the eighth President of the Republic of Maldives by replacing Ibrahim Mohamed Solih (7^th President) and Hussain Mohamed Latheef was sworn as Vice President of the country.
Maldives – Male (Capital) – Maldivian rufiyaa (Currency) – Mohamed Muizzu (President) – Dhivehi (Language) – South Asia

Director of the Special Protection Group (SPG)

- The Appointments Committee of the Cabinet approved the appointment of Alok Sharma, a 1991-batch IPS officer of Uttar Pradesh cadre who is currently working as Additional Director General in the SPG as the director of the Special Protection Group (SPG), the elite security unit responsible for the security of Prime Minister Narendra Modi.
- He was serving in SPG since February 28, 2018.Special Protection Group (SPG) – 08/04/1985 (Founded) – New Delhi (HQ) – Alok Sharma (Director) – Special Protection Group Act, 1988

Ranks and Indices

MSCI Global Standard Index

MSCI Global Standard Index will add 9 Indian stocks including IndusInd Bank, Tata Motors DVR, Suzlon Energy, One 97 Communications (Paytm), Tata Communications, APL Apollo Tubes, Macrotech Developers, Persistent Systems, and Polycab India.
The Morgan Stanley Capital International (MSCI) indices are widely tracked by passive funds and any inclusion of stocks or increase in weightage of stocks in these global indices are expected to lead to inflows from passive funds tracking these indexes.
Morgan Stanley Capital International (MSCI) – 1968 (Founded) – New York (HQ) – Henry A. Fernandez (CEO)

Awards and Recognitions

2023 Kenneth Boulding Award in Ecological Economics

Bina Agarwal, a professor at the University of Manchester, received the Kenneth Boulding Award in Ecological Economics along with David Barkin in Colombia.
The International Society for Ecological Economics presented the award for their significant contributions to ecological economics, focusing on environmental governance, agrarian change, and social equity in developing countries.
International Society for Ecological Economics (ISEE) – 1989 (Founded) – Joshua Farley (President)

Obituary

S Venkitaramanan passed away

Former Governor of the Reserve Bank of India S Venkitaramanan passed away at 92.
He was the 18^th Governor of the Reserve Bank of India and served for a period of two years.
He had also served as the Finance Secretary and later as an Adviser to the Government of Karnataka.

A.S. Byatt passed away

British author S. Byatt, whose books include the Booker Prize-winning novel Possession passed away at 87.
Byatt wrote two dozen books, starting with her first novel, The Shadow of the Sun in 1964.
Possession, published in 1990, follows two modern-day academics investigating the lives of a pair of Victorian poets.
Her other books include four novels set in the 1950s and 60s Britain and known as the Frederica Quartet — The Virgin in the Garden, published in 1978, followed by Still Life, Babel Tower and A Whistling Woman — and Booker Prize-shortlisted historical novel The Children’s Book, which won the James Tait Black Memorial Prize in 2009.

Sports News

Australia won the ICC Men's Cricket World Cup 2023

2023 observes as the 13^th edition of ICC Men’s Cricket World Cup.
Winner: Australia (6^th title – 1987,1999,2003,2007,2015,2023)
Runner: India (Previously won in 1983 & 2011 and runner up in 2003)
Host: India (1^st time as solo, previously in 1987 with Pakistan, in 1996 with Pakistan & Sri Lanka and in 2011 with Sri Lanka & Bangladesh)
Final venue: Narendra Modi Stadium, Ahmedabad
Most Runs: Virat Kohli (765)
Most Wickets: Mohammed Shami (24)
Host Broadcaster: Star Sports
Virat Kohli collected his Player of the Tournament medal from Roger Binny.

Important Days

International Day of Conscience 2023

International Conscience Day is celebrated on April 5 to promote peace.
Conscience is the ability of a person to distinguish between what’s right and what’s wrong.
A global campaign for the Declaration of International Day of Conscience was launched at the United Nations, New York on February 5, 2019 by the Federation of World Peace and Love (FOWPAL).
The day was established by the United Nations General Assembly in 2019.

243rd Corps of Engineers Day

Indian Army celebrated the 243^rd Corps of Engineers Day on November 18.
The Corps of Engineers is one of the oldest arms of the Indian Army was active since
The Indian Army Corps of Engineers is a combat support arm which provides combat engineering support, develops infrastructure for armed forces and other defence organisations and maintains connectivity along the borders, besides helping the civil authorities during natural disasters.
The Corps consists of three groups of combat engineers, namely the Madras Sappers, the Bengal Sappers and the Bombay Sappers.
These Groups came together when the British Indian Army was formed after 1857 and were later merged on 18 November 1932 to form the Corps of Indian Engineers.
Indian Army – 26/01/1950 (Founded) – New Delhi (HQ) – Army Day (January 15) – General Manoj Pande (Chief of Army Staff) – “Service Before Self” (Motto)

Daily Current Affairs - November 18 & 19, 2023 - Consolidated

Pre-National Conference Webinar on ‘BRSR: Tracking the journey of non-financial disclosures by businesses in India’
Central Sanskrit University in Puri
Government approved 27 manufacturers under PLI Scheme – 2.0 For IT Hardware
Nationwide Roadshow on Digital India RISC-V (DIR-V) Program
RBL Bank launched free mobile healthcare vans for support, domestic workers
Punjab National Bank Introduced Digital Gold Loan
Ministry of Ayush signed the Traditional and Complementary Medicine ‘Project Collaboration Agreement’ with World Health Organisation
Small Industries Development Bank of India signed a MoU with Technology Development Board forge strategic alliance to boost MSMEs through Technology-Focused Financing
International Conference cum Exhibition on ‘Aerospace & Aviation in 2047’
2^nd Voice of Global South Summit
Softbank sold 2.5% stake in logistics firm Delhivery for Rs 739 crore
8^th Prime Minister of Spain
Indian envoy to the Caribbean Community
Ambassador of India to the Federal Democratic Republic of Ethiopia
8^th President of Maldives
Director of the Special Protection Group (SPG)
MSCI Global Standard Index
2023 Kenneth Boulding Award in Ecological Economics
S Venkitaramanan passed away
S. Byatt passed away
Australia won the ICC Men’s Cricket World Cup 2023
243^rd Corps of Engineers Day
Women’s Entrepreneurship Day 2023

Do you wish to crack Banking Exams in 2023 ? - Register Now

Want to crack TNPSC Group 2 Exam this year?

JOIN TNPSC COACHING in RACE INSTITUTE TODAY

Download RACE App Now

RACE Videos App for Online Classes

Terms and Conditions

Privacy Policy

Careers

Franchise

Support

Join Our Newsletter