Daily Current Affairs – November 27 & 28, 2023
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Daily Current Affairs - Banking - November 27 & 28, 2023
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National News
Asia’s largest open-air annual trade fair
- Asia’s largest open-air annual trade fair the Bali Jatra, commemorating the glorious ancient maritime legacy of Odisha, was inaugurated on the banks of the Mahanadi River in Cuttack, Odisha.
- This year the festival started on the occasion of Kartika Purnima.
- Cultural troupes from across Odisha and other states will perform Odissi, Chhau, Bihu, Mahari, Gotipua, Sambalpuri, Santali folk dance, and other dances in the evenings on the fairgrounds.
- About two thousand stalls displaying various handicrafts, household goods, and foods are expected to come up on the fairground this year.
- Elaborate security arrangements have been made by police keeping in mind an expected huge gathering.
Ayushman Arogya Mandir
- The Union Government has decided to rename the existing Ayushman Bharat Health and Wellness Centres (AB-HWCs) as ‘Ayushman Arogya Mandir’ with the tag-line ‘Arogyam Parmam Dhanam’.
- It has been underlined that the National Health Mission (NHM) logo is to be retained in the rebranded centres.
- In its letter to all States and Union Territories, the Union Health Ministry has urged that they complete the rebranding process by the end of 2023.
- As part of this effort, states have been instructed to upload photographs of the rebranded primary health facilities onto the AB-HWC portal.
- India currently has more than 1.6 lakh AB-HWCs which aims to provide comprehensive primary healthcare, including both maternal and child health services, and free essential drugs and diagnostic services close to people’s homes through AB-HWCs.
- The Centre offers screenings for hypertension, diabetes, oral, breast and cervical cancer.
- Ministry of Health and Family Welfare – Mansukh Laxmanbhai Mandaviya,Union Minister (Rajya Sabha MP,Gujarat) – Dr. Bharati Pravin Pawar,Minister of State (Dindori,Maharashtra), Satya Pal Singh Baghel ,Minister of State (Agra,UP)
International News
8th Wonder of the World
- Angkor Wat, located in Cambodia, is now considered the eighth Wonder of the World, beating Italy’s Pompeii.
- The title of the eighth Wonder of the World is given to outstanding buildings or projects.
- The temple complex measures 6 hectares (1,626,000 ; 402 acres).
- The Guinness World Records considers it as the largest religious structure in the world.
- It was Built by King Suryavarman II in the 12th century.
- Angkor Wat was first a Hindu temple dedicated to Vishnu but later transformed into a Buddhist temple.
- The intricate carvings on its walls tell stories from Hindu and Buddhist myths.
- The World Heritage Committee at its 16th session in Santa Fe adopted by Decision of 14 December 1992 to inscribe Angkor on the World Heritage List and on the List of World Heritage in Danger.
S. No.
Wonders
Location
1
Great Wall of China
China
2
Chichen Itza
Ma’an, Jordan
3
Petra
Rio de Janeiro, Brazil
4
Machu Picchu
Urubamba Province, Peru
5
Christ the Redeemer
Yucatan, Mexico
6
Colosseum
Rome, Italy
7
Taj Mahal
Agra, India
8
Angkor Wat
Krong Siem Reap, Cambodia
Word of the year
Dictionary | Word of the year | |
2022 | 2023 | |
Merriam-Webster Dictionary | Gaslighting | authentic |
Cambridge Dictionary | Homer | hallucinate |
Collins English Dictionary | Permacrisis | AI |
Oxford Dictionary | goblin mode | Yet to announce |
Dictionary.com | Woman | Yet to announce |
Malaysia to allow visa-free entry to Indian citizens
- Malaysia will scrap entry visa requirements for Indian citizens visiting the nation beginning the December 01 2023.
- Now, Indian nationals may stay for up to 30 days visa-free in Malaysia.
- Along with Indian citizens, Chinese nationals will also be allowed visa-free entry from December 1.
- Thailand, on November 10 2023, removed Visa requirements for Indian citizens and offered a 30-day stay for the tourists.
- The policy will be in effect till May 10, 2024.
- The countries that offer Visa free for India were Bhutan, El Salvador, Haiti, Macao, Palestinian Territories, Senegal, Trinidad and Tobago, Dominica, Fiji, Indonesia, Mauritius, Qatar, Serbia, Tunisia, Ecuador, Grenada, Jamaica, Nepal, Saint Kitts and Nevis, St. Vincent and the Grenadines & Vanuatu.
- Malaysia – Kuala Lumpur (Capital) – Ringgit (Currency) – Abdullah (Monarch) – Anwar Ibrahim (Prime Minister) – Malay (Language)
India Built High Impact Community Development Projects in Nepal
- Under ‘Nepal-India Development Cooperation’ School and laboratory buildings of Shree Gautam Buddha Secondary School, Buddhabhumi Municipality, Kapilvastu District, were built with Government of India’s financial assistance of 33.23 million.
- These were inaugurated by Prasanna Shrivastava, Deputy Chief of Mission, Embassy of India, Kathmandu and government officials of Kapilvastu districts.
- The Government of India grant under ‘Nepal-India Development Cooperation’ was utilized for the construction of a double storied school building, three storied lab building and for procurement of furniture and lab equipment.
- The project was taken up as a High Impact Community Development Project (HICDP), under an agreement between Government of India and Government of Nepal.
- This project was implemented through the District Coordination Committee, Kapilvastu.
- Nepal – Kathmandu (Capital) – Nepalese rupee (Currency) – Ram Chandra Poudel (President) – Pushpa Kamal Dahal (Prime Minister) – Nepali (Language)
Top beneficiaries of EU’s GSP scheme in 2022
- India and Indonesia were the top two beneficiaries of the European Union’s Generalised System of Preferences (GSP) schemes for exports in 2022, with clothing, machinery, and footwear accounting for nearly half of all standard GSP imports, per a joint report of the EU to the European Parliament and the Council.
- In 2023, however, the situation is expected to change significantly as some of the largest recipients of GSP benefits, including several sectors from India, graduated out of the scheme.
- Under the GSP scheme, the EU allows identified products originating in certain developing countries preferential access to its markets in the form of reduced or zero rates of customs duties.
- As the items become more competitive and reach a particular threshold, the GSP is withdrawn.
- The EU has already withdrawn the GSP benefit from about 1,800 items from India in 2023, and the present policy will now continue for another four years until 2027.
- The items include electrical machinery, plastics, articles of stone and articles of leather and could affect exports worth $7.9 billion, per industry estimates.
- European Union (EU) – 01/11/1993 (Founded) – 27 countries – 24 languages
Schemes
‘Mukh Mantri Teerth Yatra’ scheme in Punjab
- The Punjab government in launched the ‘Mukh Mantri Teerth Yatra’ scheme.
- It will help people visit holy places across the country.
- The Shiromani Akali Dal (SAD) described the scheme as a “relaunch” of an Akali Dal project in 2016.
- Punjab Chief Minister Bhagwant Singh Mann and Delhi Chief Minister Arvind Kejriwal launched the scheme in Punjab’s Dhuri.
- The state government started the scheme to help pilgrims visit holy places across the country.
- A team of doctors, volunteers and officials will be travelling with the pilgrims.
- Punjab – Chandigarh (Capital) – Bhagwant Singh Mann (CM) – Banwarilal Purohit (Governor) – Punjabi (Language)
Banking and Finance
RBI Added 19 Unauthorised Forex Trading Platforms In Alert List
- The Reserve Bank updated the ‘Alert List’ of unauthorised forex trading platforms by adding 19 more entities taking the total to
- The Alert List contains the names of entities, which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor to operate electronic trading platform (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018.
- They were FX SmartBull, Just Markets, GoDo FX, dmiral Market, BlackBull, Easy Markets, Enclave FX, Finowiz Fintech, FX SmartBull, Fx Tray Market, Forex4you, Growing Capital Services, HF Markets, HYCM Capital Markets, JGCFX, PU Prime, Real Gold Capital, TNFX, Ya Markets, and Gate Trade.
- Reserve Bank of India (RBI) – 01/04/1935 (Founded) – Mumbai (HQ) – Shaktikanta Das (Governor)
Business and Economy
Foxconn will invest another $1.6 billion in India
- iPhone maker Hon Hai Precision Industry Co., also known as Foxconn, plans to expand its footprint in India with another New Taiwan (NT) $50 billion (or $1.6 billion) investment as part of its strategy to diversify outside
- The investment was made through a Foxconn subsidiary, Hon Hai Technology India Mega Development, which has been registered in Maharashtra since
- Foxconn is the largest contract manufacturer for Apple in the world and gets half of its revenues from making Apple products.
- Even in India, Foxconn’s production of Apple products, outpaces its competitors Tata and Pegatron.
- So far, the Taiwanese electronics major has invested nearly $8 billion in India.
- But it plans to seriously bump its investment into the country, as the tensions between the United States and Beijing continue to be on the rise.
- Hon Hai Precision Industry Co., Ltd. – 20/02/1974 (Founded) – New Taipei, Taiwan (HQ) – Young Liu (chairman and president)
Agreements and MoUs signed
Nasscom signed MoU with NRW Global to establish launchpad in Germany
- Nasscom has signed a memorandum of understanding (MoU) with NRW Global Business to promote innovation, investment and technological exchange between North Rhine-Westfalia (NRW) in Germany and India.
- Nasscom, is the apex body for the $245-billion technology industry in India having over 3,000 member companies constituting 90% of the industry’s revenue.
- The MoU will lead to the establishment of the first Nasscom launchpad in Germany, following its success in the UK.
- National Association of Software and Service Companies (NASSCOM) – 01/03/1988 (Founded) – Noida, Uttar Pradesh (HQ) – Anant Maheshwari (Chairman)
Appointments
New Zealand’s prime minister
- Christopher Luxon has been sworn in as 42nd prime minister of New Zealand by replacing Christopher John Hipkins (41st).
- New Zealand – Wellington (Capital) – New Zealand dollar (Currency) – Charles III (Monarch) – Christopher Luxon (Prime Minister) – English, Māori, NZ Sign Language (Language) – Oceania
Australia New South Wales (NSW) Senate position
- Former MP Dave Sharma is returning to the Australian parliament by becoming the first person of Indian-origin from the opposition Liberal party to win the New South Wales (NSW) Senate position.
- Dave defeated former state treasurer Andrew Constance of Liberal Party members for a seat left vacant by foreign minister Marise Payne.
- Australia – Canberra (Capital) – Australian dollar (Currency) – Charles III (Monarch) – Anthony Albanese (Prime Minister) – English (Language)
HDFC Bank appointments
- HDFC Bank Limited announced that based on the recommendation of the Nomination & Remuneration Committee, the Board of Directors of the company approved the appointment of Harsh Kumar Bhanwala as as an Additional Independent Director of the Bank for a period of three consecutive years from January 25, 2024 to January 24, 2027 (both days inclusive).
- The Bank’s Board had also approved the appointment of Srinivasa Rangan as the Executive Director, also known as the Whole-time Director, of the bank commencing from November 23, 2023, is set for a three-year duration, contingent upon the shareholders’ approval.
- HDFC Bank – August 1994 (Founded) – Mumbai (HQ) – Sashidhar Jagdishan (CEO) – “We Understand Your World” (Tagline)
Chief Technology Officer of Byju’s
- Edtech major BYJU’S has elevated Jiny Thattil as its Chief Technology Officer.
- He would replace Anil Goel, who left the company after three years as CTO.
- Thattil was previously serving as Senior Vice President of Engineering at Byju’s.
Awards and Recognitions
The Booker Prize 2023
- Prophet Song by Paul Lynch has been named the winner of the Booker Prize 2023.
- The author receives £50,000 and was presented with his trophy by Shehan Karunatilaka, the 2022 winner, at a ceremony held at Old Billingsgate, London.
- The event was hosted by Samira Ahmed and broadcast live as a special episode of BBC Radio 4 Front Row.
- It was also livestreamed in an hour-long YouTube programme, hosted by Jack Edwards and featuring interviews with special guests.
- The Booker Prize, formerly the Booker Prize for Fiction (1969–2001) and the Man Booker Prize (2002–2019), is a literary award conferred each year for the best novel written in the English language, which was published in the United Kingdom and Ireland.
- The award was presented by – Booker, McConnell Ltd (1969–2001), Man Group (2002–2019) & Crankstart (2019 onwards)
NTPC Kanti won award for Best CSR Project for women development
- NTPC Kanti has been awarded the third prize for Best CSR Project for Women Development, in recognition of its efforts to empower women in the region at the International Public Relations Festival – 2023.
- NTPC Kanti has been actively engaged in various initiatives aimed at promoting education, health, and economic opportunities for women.
- The prestigious award was presented to NTPC’s Executive (Corporate communication) Chandra Prakash by the Public Relations Society of India in New Delhi.
Two awards for Mangaluru International Airport
- Greentech Foundation, New Delhi, conferred Mangaluru International Airport (MIA) with the 23rd Greentech Environment Excellence Award 2023 at Sonmarg in Jammu and Kashmir.
- Shridhar Mahavarkar from the environment and sustainability team of the airport received the award from N. Sridhar, CMD, Singareni Collieries Company Ltd.
- The techno-commercial (TC) team of the airport bagged the professionalism in procurement and supply chain award at the ISM India conference and CPO Award 2023 held at Mumbai recently.
- MIA had submitted nominations under four categories and bagged the first place in excellence in suppliers’ relationship management.
- It also bagged runner-up award in outstanding leader in procurement (Mahesh Bundel, head TC), Excellence in procurement transformation and cross functional collaboration at this event.
HDFC Life Insurance bagged Guinness World Record title
- HDFC Life said it has officially set a new Guinness World Records title for creating the largest online selfie mosaic made from 19,097 photos clicked by individuals for the ‘Insure India’ campaign.
- The campaign represents the concept of shared responsibility of employees, partners and customers, to drive positive change in ensuring the protection and financial wellbeing of every Indian through life insurance products and services.
- As part of this campaign, this year, HDFC Life rolled out series of initiatives amplified through a multi-pronged communication strategy to reach individuals across the nation.
- To take it a step further, HDFC Life created an exclusive microsite, urging everyone to join the movement and stand as one to attempt a Guinness World Records™ title.
- HDFC Life achieved this feat for the ‘Largest online selfie mosaic with 19,097 photos’, which stands as a testament to their commitment.
- HDFC Life Insurance Company Ltd. – 2000 (Founded) – Mumbai (HQ) – Vibha Padalkar (MD & CEO)
Obituary
Zaverilal Mehta passed away
- Noted Gujarati photo journalist Zaverilal Mehta passed away at 97.
- He was conferred with Padma Shri award in the field of literature and education-journalism in
Sports News
2023 Davis Cup
- Jannik Sinner of Italy had clinched the first Davis Cup title by beating Alex de Miñaur of Australia since
- The Davis Cup is the premier international team event in men’s tennis.
- It is run by the International Tennis Federation (ITF).
- Davis Cup – 1900 (Founded) – 155 (Teams) – USA (32 titles)
- International Tennis Federation (ITF) – 1913 (Founded) – London (HQ) – David Haggerty (President)
Ultimate Kho Kho Season 2
- Ultimate Kho Kho (UKK) is all geared up for its second edition, scheduled to kickstart on December 24, 2023, and final on January 13, 2024 at the Jawaharlal Nehru Indoor Stadium in Cuttack, Odisha.
- The Ultimate Kho Kho Season 2 will feature India’s top 145 players, including 33 young talents aged between 16 to 18.
- Defending champions Odisha Juggernauts (owned by the Government of Odisha), Chennai Quick Guns (owned by KLO Sports), Gujarat Giants (owned by Adani Sportsline), Mumbai Khiladis (owned by Janhavi Dhariwal Balan, Punit Balan, and Badshah), Rajasthan Warriors (owned by Capri Global Group), and Telugu Yoddhas (owned by GMR Sports) will be the six franchises to fight for the coveted crown in the upcoming season.
- Odisha – Bhubaneswar (Capital) – Naveen Patnaik (CM) – Raghubar Das (Governor) – Odia (Language)
Daily Current Affairs - November 27 & 28, 2023 - Consolidated
- Asia’s largest open-air annual trade fair
- Ayushman Arogya Mandir
- 8th Wonder of the World
- Word of the year
- Malaysia to allow visa-free entry to Indian citizens
- India Built High Impact Community Development Projects in Nepal
- Top beneficiaries of EU’s GSP scheme in 2022
- ‘Mukh Mantri Teerth Yatra’ scheme in Punjab
- RBI Added 19 Unauthorised Forex Trading Platforms In Alert List
- Foxconn will invest another $1.6 billion in India
- Nasscom signed MoU with NRW Global to establish launchpad in Germany
- New Zealand’s prime minister
- Australia New South Wales (NSW) Senate position
- HDFC Bank appointments
- Chief Technology Officer of Byju’s
- The Booker Prize 2023
- NTPC Kanti won award for Best CSR Project for women development
- Two awards for Mangaluru International Airport
- HDFC Life Insurance bagged Guinness World Record title
- Zaverilal Mehta passed away
- 2023 Davis Cup
- Ultimate Kho Kho Season 2
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