NATIONAL UPDATES:
1. National Epilepsy Day is observed every year on 17th
November 2023: National Epilepsy Day is celebrated every
year in India on November 17 to raise awareness around the brain disorder and
bust myths surrounding the disease. This year 2023, International Epilepsy Day
2023 theme is "Stigma An epileptic seizure can come all of a sudden and
can be highly distressing for the person experiencing it as they aren't in
control of the movements, sounds they are making or the sensations they are
feeling.
2. JSW Bags Award to Develop Greenfield Port in Karnataka
For Rs 4,119 Crore: JSW Infrastructure has received a letter of award to develop an
all-weather, deep-water, greenfield port at Keni Port in Karnataka on a public
private partnership basis for Rs 4,119 crore. Keni Port would have modern
environment-friendly mechanised facilities for handling cape-size vessels Keni
Port is envisaged for handling all types of cargoes on the west coast to serve
the industries in the area covering Bellary, Hosapete, Hubballi, and
South Maharashtra
INTERNATIONAL UPDATES:
1. Amit S Telang appointed as Indian envoy to the
Caribbean Community: The Ministry of External
Affairs has announced that Amit S Telang has
been concurrently accredited as the Indian Ambassador to the
Caribbean Community and High Commissioner to the Federation of St Kitts and
Nevis and Antigua and Barbuda. Joint Secretary in the Ministry of External
Affairs, Anil Kumar Rai has been appointed as the next Ambassador of India to
the Federal Democratic Republic of Ethiopia.
2. World Chronic Obstructive Pulmonary Disease Day or
World COPD Day: World COPD Day had been
observed every year on the third Wednesday of November. The World COPD Day 2023
theme is “Breathing is Life - Act Earlier”. It is a global healthcare event to
raise awareness of Chronic Obstructive Pulmonary Disease (COPD), amongst the
public around the world. Activities have been held in over 50 countries
by various organisations, making this day one of the world's most important
COPD awareness and education events.
3. INDIA - SRI LANKA JOINT EXERCISE MITRA SHAKTI – 2023
COMMENCED: The ninth edition of India
and srilanka Joint Military exercise “Exercise MITRA SHAKTI-2023” held in
Pune conducted from 16th to 29th November 2023. Aim: To jointly
rehearse conduct of Sub Conventional operations under Chapter VII of United
Nations Charter. The Scope of the exercise includes synergising joint
responses during counter-terrorist operations The exercise will also foster
strong bilateral relations between the two neighbouring nations
4. IndusInd Bank, Suzlon Energy among nine firms added to
MSCI India Index: As many as nine firms,
including IndusInd Bank, Suzlon Energy and One 97 Communications, were added to
the MSCI India Index.
There
are nine additions to the MSCI India index are:
· APL Apollo Tubes
· IndusInd Bank
· Macrotech Developers
· 97 Communications
· Persistent Systems
· Polycab India
· Suzlon Energy
· Tata Communications
· Tata Motors
MSCI
Global Standard Index is widely used by global fund houses for benchmarking
global equities portfolios.
5. India to host second Voice of Global South Summit: India will host the second Voice of Global South Summit in a
virtual format. The sessions will be hosted by Prime Minister Narendra Modi.
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. The summit brought together 125 countries of the
Global South. The summit will be structured into 10 sessions. The Summit will
serve as a platform to discuss ways to sustain the momentum generated toward
the common aspiration of a more inclusive, representative, and progressive
world order. The first edition of the Voice of Global South Summit was hosted
by India in virtual format in the month of January this year.
6. Global Media Congress Kicks Off in Abu Dhabi exploring
Innovation: The second edition of
the Global Media Congress commences at the Abu Dhabi National
Exhibition Centre, UAE. Organized by the Emirates News Agency (WAM), under the
patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President and Deputy
Prime Minister of UAE, the three-day event brings together 257 brands, marking
a 33 percent increase from last year. The opening ceremony was AI-infused, with
virtual anchors and avatars guiding the proceedings, adding a futuristic touch
to the inauguration. Participants from 172 countries, including 31 newcomers,
contribute to the diverse dialogue on media innovations, sustainability, and
training.
7. Pedro Sanchez re-elected Spanish PM: Spain’s lower house of parliament voted
to make Pedro Sanchez prime minister for another term by a wafer-thin
margin, ending a protracted deadlock after an inconclusive general election in
July. His Spanish Socialist Workers’ Party (PSOE) had reached separate deals
with a number of regional parties to earn their backing, including a
contentious bill on amnesty for Catalan separatists that has sparked protests
across Spain. PSOE’s hard-left ally Sumar, Catalan pro-independence parties
Junts and ERC, Basque parties PNV and EH Bildu, Galicia’s BNG and the Canary
Coalition all voted for Sanchez, who first acceded to the office in 2018.
8. 17 November – International Students Day: International Students Day is
celebrated every year on 17 November. This celebration is particularly
significant for those studying abroad, facing the challenges of navigating new
cultures, languages, financial hurdles, and homesickness. International
Students’ Day is the anniversary of the Nazi invasion of a university in Prague
in 1939. The Nazis imprisoned around a thousand students, closed the
university, and killed several people. International Students’ Day is an
opportunity to honor and appreciate the diverse student community. Pursuing
higher education often requires immense courage, especially for those leaving
their families and homes behind. On this day, we recognize the unique
challenges faced by international students and celebrate their determination to
enhance their lives and support their families.
OTHER UPDATES:
BANKING AND FINANCE
1. RBI Imposes ₹90.92 Lakh Monetary Penalty On Axis Bank:
The Reserve Bank of India has imposed a monetary penalty
of ₹90.92 lakh on private lender Axis Bank and ₹42.78 lakh on
gold loan firm Manappuram Finance for violation of certain regulatory
norms. The central bank has also imposed a monetary penalty of ₹20 lakh on
Anand Rathi Global Finance for non-compliance with certain provisions of the
RBI (KYC) Directions, 2016. The fine has been imposed on Axis Bank “for
non-compliance with certain directions issued by RBI
2. RBI tightens norms for unsecured personal loans for
banks and NBFCs: The RBI increased
the risk weighting for such loans from 100 percent to 125
percent. The risk weighting for bank loans to higher-rated NBFCs
too has been increased by 25 percentage points. The new norms,
which take immediate effect, are applicable for new as well as outstanding
loans. As the increase in risk weighting will mean banks have to
set aside more capital while extending such loans, the lenders in turn could
increase the lending rates on such products.
3. Federal Bank introduces UPI lite for small-value
digital payments: Federal Bank has launched
UPI Lite to power small-value digital transactions in India. NPCI introduced
UPI Lite a simplified version of the Unified Payments Interface system to cater
to the growing demand for faster and more efficient small-value payments. Benefits
include a reduction in transaction time, a ready-to-access bank statement, a
higher payment success rate, and enhanced security. It can be created
within the existing UPI app without downloading a new app.
4. RBI Directs Bajaj Finance to Halt Loans for ‘eCOM’ and ‘Insta EMI’ Products: Bajaj Finance, a leading non-banking finance company (NBFC), faced a setback as the Reserve Bank of India (RBI) imposed restrictions on its lending activities under two key products. Following the RBI directive, Bajaj Finance shares declined by 3.97% to ₹6,937.15 in early trade on the Bombay Stock Exchange (BSE). The central bank specifically instructed the NBFC to cease the sanction and disbursal of loans under its 'eCOM' and 'Insta EMI Card' products.
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