Daily Current Affairs – November 23 & 24, 2023
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Daily Current Affairs - Banking - November 23 & 24, 2023
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National News
GI Tag
- In Jammu and Kashmir, the Saffron of the mountainous Kishtwar district, which is cultivated and harvested in the higher reaches, has been given the Geographical Indication (GI) tag by the Geographical Indications Registry.
- Kishtwar’s saffron production area is called locally as
- In Ladakh, after GI Tag for Apricot (Raktsey Karpo), Pashmina, and Ladakhi Wood Carving, the Geographical Indication Registry, operating under the Ministry of Commerce & Industry had officially granted the GI tag to the Department of Industries & Commerce, Ladakh and approved it as the Registered Proprietor for ‘Ladakh Sea Buckthorn’ in Class 31.
- Sea Buckthorn (Hippophae L) a shrub which produces an orange-yellow coloured edible berry is sour in taste but rich in vitamins, especially Vitamin C.
- Ladakh Sea Buckthorn is a vital crop in Union Territory Ladakh, with 90% of its production originating from the region.
- It is also popularly known as ‘Wonder Plant’, “Ladakh Gold”, “Golden Bush” or “Gold Mine”.
- Onattukara Vikasana Agency (OVA), the registered owner of the GI-tagged Onattukara sesame in Kerala, is actively working to expand the cultivation of this unique sesame variety.
International News
Five-day Millets Festival in Indonesia
- The Indian Mission to ASEAN (Association of Southeast Asian Nations) and the Ministry of Agriculture and Farmers’ Welfare have jointly organised the ‘ASEAN-India Millets Festival’ during which a Millet-centric exhibition is being held featuring participation from Millet-based FPOs, start-ups and Indian chefs in
- Indonesia – Jakarta (Capital) – Indonesian rupiah (Currency) – Joko Widodo (President) – Indonesian (Language)
World's largest single-site solar power plant
- Zayed Al Nahyan, Deputy Ruler of Abu Dhabi inaugurated the world’s largest single-site solar power plant ahead of the upcoming United Nations Climate Change Conference (COP28).
- The 2-gigawatt Al Dhafra Solar Photovoltaic Independent Power Project (IPP) is located 35 kilometers from Abu Dhabi city and will generate enough electricity to power almost 200,000 homes.
- The plant is expected to displace 4 million tonnes of carbon emissions annually.
- The project was developed by Abu Dhabi Future Energy Company (Masdar) and its partners Abu Dhabi National Energy Company (TAQA), EDF Renewables and JinkoPower.
- It was procured by Emirates Water and Electricity Company (EWEC).
- The plant uses almost 4 million solar panels which deploy innovative bi-facial technology, ensuring sunlight is captured on both sides of the panels to maximize yield.
- The project broke records in terms of cost for utility-scale solar projects. Initially, the project led to one of the most competitive tariffs for solar power set at AED 97 fils/kWh (USD 1.35 cents/kWh), which upon financial close, was further improved to AED 4.85 fils/kWh (US$ 1.32 cents/kWh).
State News
World’s first 3D-printed temple
- Telangana has unveiled the world’s first 3D-printed temple, a groundbreaking structure situated in Burugupally, Siddipet district.
- The innovative construction, achieved through a three-month 3D printing process, marks a significant technological milestone.
- Spanning 4, 000 square feet and standing at a height of 5 feet, the temple comprises three distinct parts.
- Notably, the temple encompasses three sanctums, each dedicated to a different deity.
- These sanctums include a modak dedicated to Lord Ganesha, a square Shivalay devoted to Lord Shankar, and a lotus-shaped sanctuary for Goddess Parvati.
Schemes
Rajiv Gandhi Self-Employment Start-up scheme – Himachal Pradesh
- Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu launched e-taxi scheme under the first phase of Rs 680 crore Rajiv Gandhi Self-Employment Start-up Yojana.
- The website of the Transport Department will provide the facility of online registration for e-taxis, through which applicants can get themselves registered by visiting the website within a period of one month.
- 500 permits would be issued in the first phase and the number of permits will be increased as per the demand in the near future.
Banking and Finance
6th edition of 'Baroda Kisan Pakhwada'
- Bank of Baroda, announced the launch of the 6th edition of Baroda Kisan Pakhwada, the Bank’s annual, fortnight long engagement programme focused on the Indian agrarian economy.
- The farmer engagement programme commenced on November 16, 2023, and will conclude on November 30, 2023, with the Baroda Kisan Diwas celebrations.
- During the two-week long agri festival, the Bank’s semi-urban, rural and select metro and urban branches across the country will actively participate.
- The Bank is targeting to reach 4 lakh farmers during the course of the Baroda Kisan Pakhwada through a number of outreach events.
- During the fortnight, the Bank will reach out to farmers and create awareness about various initiatives such as the Kisan Credit Card drive in the name of “Ghar-Ghar KCC Abhiyaan” as well as create awareness on agri products, schemes/offers and delivery channels offered by Bank of Baroda for the benefit of the farming community.
- The event will also help to promote various Atmanirbhar Bharat schemes introduced by the Government of India such as the Agriculture Infrastructure Fund (AIF), Animal Husbandry Infrastructure Development Fund (AHIDF), Pradhan Mantri Matsya Sampada Yojana (PMMSY), PM Formalisation of Micro Food Processing Enterprises Scheme (PM-FME), etc.
- Bank of Baroda (BOB or BoB) – 20/07/1908 (Founded) – Vadodara, Gujarat (HQ) – Debadatta Chand (MD & CEO) – “India’s International Bank” (Tagline)
L&T Finance signed a financing pact with the Asian Development Bank
- L&T Finance signed a financing pact with the Asian Development Bank (ADB) for $125 million to support financing in rural and peri-urban areas, particularly for women borrowers.
- The funding includes a loan of up to $125 million from ADB, and an agreement to syndicate an additional $125 million co-financing from other development partners.
- Forty percent of the proceeds are allocated for women borrowers, while the rest will support farmers, and MSMEs, as well as loans to purchase new two-wheeled vehicles.
Karnataka Bank joined hands with Bajaj Allianz Life Insurance
- Karnataka Bank Ltd.’s entered into a corporate partnership with Bajaj Allianz Life Insurance Co Ltd, to distribute life insurance products to its customer base.
- The collaboration aims to capitalise on Bajaj Allianz Life’s product expertise and Karnataka Bank’s distribution network of over 900 branches.
- The life insurance offerings are designed to cater to diverse life stages and financial needs, providing customers with structured insurance solutions aligned with their requirements.
- Karnataka Bank – 18/02/1924 (Founded) – Mangalore,Karnataka (HQ) – Srikrishnan Hari Hara Sarma (MD & CEO)– “Your Family Bank Across India” (Tagline)
HSBC India partnered with UK Export Finance to support Indian MSMEs
- HSBC India and UK Export Finance (UKEF), the United Kingdom’s export credit agency, intend to establish a financing programme of up to £100 million to support Indian Micro, Small and Medium enterprises (MSMEs) and corporates for financing their imports from the UK.
- This partnership is expected to enhance the availability of credit for Indian MSMEs and boost trade ties between the two countries.
- HSBC India and UKEF signed a Letter of Intent (LoI) to enable them to work together on opportunities relating to UKEF’s guarantee-backed structures.
- HSBC India and UKEF will work closely to originate, structure and extend financing and credit facilities to Indian MSMEs.
- HSBC India – 1853 (Founded) – Mumbai (HQ) – Hitendra Dave (CEO)
First depository to register 10 crore Demat accounts
- Central Depository Services (India) Ltd announced the crossing of another milestone as more than 10 crores (100 million) demat accounts were registered with the platform.
- CDSL is India’s leading and only listed depository, with an objective of providing convenient, dependable and secure depository services at affordable cost to all market participants.
Asian Development Bank loan to India
- In a major move towards sustainable development, the Asian Development Bank (ADB) has sanctioned a senior secured loan of $6.5 million to Greenway Grameen Infra Private Limited for the production and dissemination of 1 million improved cookstoves across the rural expanses of Madhya Pradesh and Odisha.
- The Bank also approved a loan package of $500 million to improve access to quality and affordable tertiary health care and medical education in
- Asian Development Bank (ADB) – 19/12/1966 (Founded) – Mandaluyong, Philippines (HQ) – Masatsugu Asakawa (President) – 68 countries
Agreements and MoUs signed
National Institute for the Empowerment of Persons with Visual Disabilities signed MoU with Nation Book Trust
- The National Institute for the Empowerment of Persons with Visual Disabilities (Divyangjan) had signed a Memoranda of Understanding (MOUs) with National Book Trust, New Delhi.
- The MOU paves the way for the establishment of a Universal Design Centre for Reading in Dehradun, Uttarakhand.
- This centre will showcase the National Book Trust’s extensive collection of publications and learning materials in various accessible formats, including physical books, Braille books, e-books, and audio books.
- The collaboration aims to make reading materials more accessible to individuals with visual disabilities, ensuring equal opportunities for learning and education.
- The MOU was signed by Manish Verma, Director (Offg), NIEPVD, and Shri Yuvraj Malik, Director, National Book Trust India, marking a commitment to empower persons with visual disabilities and advance accessibility to reading materials.
Summit and Conference
8th India Water Impact Summit (IWIS)
- Union Minister of Road Transport and Highways of India Nitin Gadkari inaugurated the 8th Edition of the India Water Impact Summit (IWIS) at the Dr Ambedkar International Centre in New Delhi.
- The summit was organized by the National Mission for Clean Ganga (NMCG) and the Center for Ganga River Basin Management and Studies (cGanga), spans three days.
- The theme of IWIS 2023 is ‘Development vis-à-vis Land, Water and Rivers,’ aimed at uniting scientific experts, stakeholders, and government representatives to address dynamic challenges and opportunities in India’s water sector.
- Ministry of Road Transport and Highways – Nitin Gadkari,Union Minister (Nagpur,Maharashtra) – General Vijay Kumar Singh
7th Bengal Global Business Summit
- The 7th Bengal Global Business Summit was attended by 400 international delegates, representatives from 17 partner countries, business and official delegations from nearly 40 countries and 15 Ambassadors and High Commissioners from different countries.
- The total investment proposals worth of around ₹3.76-lakh crore was received during the summit.
- A total of 188 memoranda of understandings (MoUs) and letters of intent (LoIs) were signed for the proposed investments.
- West Bengal – Kolkata (Capital) – Mamata Banerjee (CM) – V. Ananda Bose (Governor) – Bengali & English (Language)
Appointments
First woman to command Armed Forces Transfusion Centre, Delhi Cantt
- An Army Medical Corps Officer Col Sunita BS scripted history by becoming the first woman to assume the role of Commanding Officer at Armed Forces Transfusion Centre, Delhi Cantt.
- Prior to this, she served in the challenging role of Commanding officer at a strategically important Field Hospital in Arunachal Pradesh, where she provided the best possible Combat Medical Support.
Ranks and Indices
BBC 100 Women List 2023
- Four Indian women, Actress Dia Mirza, Cricketer Harmanpreet Kaur, Photographer Arati KumarRao, and Tibetan Buddhist nun Jetsunma Tenzin Palmo have made it to the BBC 100 Women List 2023.
- The coveted list of 100 influential and inspiring women from across the world.
- Actress Dia Mirza and National Geographic photographer Arati Kumar-Rao have made it to the list, along with a total of 28 environment activists, under the Climate Pioneers category.
- The list also includes other notable names like former First Lady of the United States Michelle Obama, human rights lawyer Amal Clooney, footballer Aitana Bonmatí, actress Huda Kattan, campaigner Ulanda Mtamba, AI expert Timnit Gebru, writer Oksana Zabuzhko and feminist leader Gloria Steinem, among others.
Awards and Recognitions
‘Best Employer in Diversity & Inclusion’ Award
- REC Limited, a Maharatna CPSE under Ministry of Power, received the “Best Employer for Policies in Diversity & Inclusion” Award at the 4th Diversity & Inclusion Excellence Awards and Conclave organized by
- TSC Bosh, Executive Director, REC, graciously accepted the award on behalf of REC.
- The ‘Best Employer for Policies in Diversity & Inclusion’ award highlights REC’s commitment to creating a workplace that celebrates differences, fosters innovation, and promotes equal opportunities for all employees.
- Associated Chambers of Commerce & Industry of India (ASSOCHAM) – 1920 (founded) – New Delhi (founded) – Sumant Sinha (President)
JCB Prize for Literature
- Tamil writer Perumal Murugan wins the coveted JCB Prize for Literature for his novel, Fire Bird, an English translation of his Tamil novel Aalanda Patchi.
- The award carries ₹25 lakh cash prize.
- The translator is Janani Kannan and the work published by
Obituary
Fathima Beevi passed away
- Justice Fathima Beevi, the first woman judge of the Supreme Court passed away at 96.
- Beevi was appointed as a judge of the Kerala High Court in 1983 and was elevated to a judge of the Supreme Court in 1989 to 1992.
- Justice Beevi had also served as the 11th governor of Tamil Nadu from 1997 to 2001.
Sports News
First-ever Khelo India Para Games
- Union Minister of Youth Affairs and Sports, announced that the first-ever Khelo India Para Games will be held in various locations across New Delhi in December 2023.
- Over 1350 participants from across 32 states and union territories including the Services Sports Control Board are expected to participate in the maiden Khelo India Para Games which will witness para athletes vie for honours in 7 disciplines including para athletics, para shooting, para archery, para football, para badminton, para table tennis, and para weight lifting.
- The events will be held across 3 SAI stadiums – the IG Stadium, Shooting Range in Tughlaqabad, and the JLN Stadium.
- Since 2018, a total of 11 Khelo India Games have been successfully held.
- This includes 5 Khelo India Youth Games, 3 Khelo India University Games, and 3 Khelo India Winter Games.
2023 World Wushu Championships
- The 2023 World Wushu Championships was the 16th edition of the World Wushu Championships at the Fort Worth Convention Center in Fort Worth, Texas, United States of America.
- 17th edition will be held in Brazil and 15th edition was held in
- China topped the medal table with 15 medals.
- India ranked 18th with 1 Silver and 2 Bronze.
- Asian Games silver medallist Roshibina Devi lost to Vietnam’s Thi Thu Nguyen in the final of the women’s 60kg category.
- Earlier, Kushal Kumar won a bronze medal in men’s 48kg Sanda category after losing 0-2 to Vietnamese Hai Tran Huy.
- Chhavi also won a bronze medal in women’s 48kg weight category after her defeat to Philippines’ Jennifer Kilapio.
ICC introduced stop clock on trial basis in men’s ODI and T20I cricket
- International Cricket Council (ICC) had told that Men’s ODI and T20I cricket will see stop clocks being used between the overs.
- The introduction of stop clocks will be currently on a trial basis starting from December 2023 to April 2024 to regulate the time taken between the overs.
- International Cricket Council (ICC) – 15/06/1909 (Founded) – Dubai,UAE (HQ) – Greg Barclay (Chairman) – 108 countries
Defence
AUSTRAHIND-23
- The Indian Armed Forces contingent comprising 81 personnel departed for Australia to take part in the second edition of Joint Military Exercise AUSTRAHIND-23 in Perth, Australia.
- The Indian Army contingent comprises 60 personnel from a Battalion of the GORKHA Rifles.
- The Australian Army contingent comprising 60 personnel will be from the 13th Brigade.
- Indian Navy and Indian Air Force personnel will also participate from the Indian side.
- The Australian contingent will include 20 personnel each from the Royal Australian Navy and Royal Australian Air Force.
- The exercise is aimed to foster collaborative partnership and share best practices between the two sides.
- The exercise will also promote interoperability while undertaking multi-domain operations.
- The joint exercise will promote the exchange of ideas and jointly rehearse tactics, techniques, and procedures for conducting tactical operations.
- Australia – Canberra (Capital) – Australian dollar (Currency) – Charles III (Monarch) – Anthony Albanese (Prime Minister) – English (Language)
Daily Current Affairs - November 23 & 24, 2023 - Consolidated
- GI Tag
- Five-day Millets Festival in Indonesia
- World’s largest single-site solar power plant
- World’s first 3D-printed temple
- Rajiv Gandhi Self-Employment Start-up scheme – Himachal Pradesh
- 6th edition of ‘Baroda Kisan Pakhwada’
- L&T Finance signed a financing pact with the Asian Development Bank
- Karnataka Bank joined hands with Bajaj Allianz Life Insurance
- HSBC India partnered with UK Export Finance to support Indian MSMEs
- First depository to register 10 crore Demat accounts
- Asian Development Bank loan to India
- National Institute for the Empowerment of Persons with Visual Disabilities signed MoU with Nation Book Trust
- 8th India Water Impact Summit (IWIS)
- 7th Bengal Global Business Summit
- First woman to command Armed Forces Transfusion Centre, Delhi Cantt
- BBC 100 Women List 2023
- ‘Best Employer in Diversity & Inclusion’ Award
- JCB Prize for Literature
- Fathima Beevi passed away
- First-ever Khelo India Para Games
- 2023 World Wushu Championships
- ICC introduced stop clock on trial basis in men’s ODI and T20I cricket
- AUSTRAHIND-23
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