NATIONAL UPDATES:
1. Jharkhand cabinet approves Rs 1,485 crore
electrification scheme: Jharkhand Cabinet approved a Rs
1,485-crore electrification scheme and free training for 15 rookie pilots in
the proposed pilot training academy in Dumka A new scheme, Mukhya Mantri
Ujjwal Jharkhand Yojana, has been approved by the cabinet and Rs
1,485.39 crore has been allocated for it. Under the scheme,
un-electrified rural hamlets and households and leftover urban areas will be
covered. The government has also decided to provide free training to 15 trainee
pilots.
2. Chanakya Defence Dialogue 2023 concluded: The Chanakya Defence Dialogue
2023, a two-day groundbreaking event steered by the Indian Army in
collaboration with the Centre for Land Warfare Studies (CLAWS), concluded on
4th November with takeaways on Security Challenges in South Asia and the
Indo-Pacific. The theme, ‘Serving India and Indo Pacific Region-
Collaborating for Comprehensive Security’. The event organised in
Manekshaw Centre on 3rd and 4th November, in six different sessions.
3. NITI Aayog to host state-level innovation workshop in
IIM Bangalore: In a strategic move to foster and nurture
innovation and entrepreneurship ecosystem throughout India, Atal Innovation
Mission is set to organize a peer-to-peer workshop focusing on the
development of state-level innovation ecosystems. The event, “Building
State-level Innovation Ecosystems” is scheduled to take place from November 6th
to 8th at the prestigious Indian Institute of Management Bangalore (IIM
Bangalore). This three-day gathering will provide a unique platform for states
and union territories (UTs) across India to convene, exchange insights, and
build strategies to foster innovation and entrepreneurship (I&E) within
their respective regions.
The
purpose of this workshop is to unleash the power of peer learning across the
states/UTs in order to propel each state-level ecosystem forward. In addition
to sharing of State/UT-level innovation and entrepreneurship models,
participants will exchange ideas, strategies, and experiences, showcasing
successful implementations and the knowledge they have acquired in building
innovation ecosystems.
4. Justice Rajendra Menon appointed as Chairman of Armed
Forces Tribunal :
Former Delhi High Court Chief Justice Rajendra
Menon has been re-appointed as Chairman of the Armed Forces Tribunal
(AFT). Justice Menon will serve as Chairman of the Tribunal till he attains the
age of 70 years on June 6, 2027. Justice Menon began his judicial career as an
additional judge of the Madhya Pradesh High Court on April 1, 2002, and his
dedication and expertise led to his elevation to the position of a permanent
judge in 2003. The former judge was first recommended to the post in 2019 and
served for four years. Justice Menon was elevated as an additional judge of the
Madhya Pradesh High Court on April 1, 2002. He was made permanent judge of the
High Court on March 21, 2003. Justice Menon also served as Welfare Commissioner
for the Bhopal Gas Victims Compensation Commission between December 2010 and
March 2015. He was elevated as Chief Justice of the Patna High Court on March
15, 2017 and remained at the post till his transfer to the Delhi High Court.
INTERNATIONAL UPDATES:
1. World Tsunami Awareness Day: World Tsunami Awareness Day is observed on 5th November, pose a
significant threat to all of us, but they are particularly dangerous for
certain groups of people. Aim: To raise consciousness about reducing the risks
created by these giant waves and improving community preparedness. World
Tsunami Awareness Day theme 2023 is "Fighting Inequality for a Resilient
Future," which mirrors the subject highlighted during the International
Day for Disaster Reduction.
2. Bangladesh Launches New India-assisted Rail Projects: India and Bangladesh launched two new railway
links and a thermal power plant unit to strengthen connections and energy
security in the region amid strong opposition protests in Bangladesh. India
provided $47.8 million for a cross-border train link and a $388.92 million
concessional line of credit for the Khulna-Mongla port rail line in Bangladesh.
India provided another $1.6 billion for Bangladesh’s 1,320-megawatt super
thermal power project
3. India-France LOI signed in Public Administration and
Administrative Reforms: The Department of Administrative Reforms and Public Grievances and M/o
Public Sector Transformation & the Civil Service of the French Republic
signed the Letter of Intent for Cooperation in the field of Public
Administration and Administrative Reforms for 3 years. Aim: To strengthen the
bilateral partnership between the two countries through exchange visits focused
on administrative reforms, good governance webinars, capacity-building programs
4. Thailand announces Visa-Free Entry for Indians to
boost tourism: In an effort to attract more tourists as the
high season approaches, Thailand has announced the temporary
removal of visa requirements for travellers from India and Taiwan starting from
10th November 2023 and continuing until 10th May 2024. This decision follows a
previous move in September to eliminate visa requirements for Chinese tourists,
who were a significant source of visitors before the pandemic, accounting for
11 million out of the record 39 million arrivals in 2019. As per the
announcement, travelers from India and Taiwan can enjoy a maximum stay of 30
days in Thailand without the need for a visa. This new policy is expected to
attract a significant number of tourists from these regions and give a
much-needed boost to the local economy.
5. 3 November – World Jellyfish Day :
World Jellyfish Day is celebrated every year
on November 3. November is springtime in the southern hemisphere. This is
the time of the year when jellyfish migrate to the coastlines of the northern
hemisphere. Since 2014, November 3 is celebrated as World Jellyfish Day. Jellyfish
have significant effects on biomass, spatiotemporal dynamics, and community
structure of the global marine plankton ecosystems. They are extremely
important marine creatures who are studied and researched on. They also serve
as food in several cultures. In China, jellyfish is used as a delicacy and also
an important part in traditional treatments. Jellyfish can also house small
fishes in their tentacles. It is believed that jellyfish are older than
dinosaurs and have existed on earth for more than 500 million years. They do
not have a heart or bones in the body. However, they have a central nervous
system and a mouth which is located in the middle of the body.
OTHER UPDATES:
SPORTS
1. New York city wins first US National Gatka
Championship: The city of New York has been declared the
winner of the US National Gatka Championship, the first-ever American national
championship of the popular Sikh martial arts. Held at a Gurdwara in Queens,
New York, over the weekend, the popular Sikh martial arts championship was
attended by more than 100 players in different age groups from various parts of
the country. The championship saw the Kansas Gatka Association securing the
runner-up position, while the NJ Gatka Association achieved third place.
BANKING AND FINANCE
1. RBI ups minimum amount for offering non-callable term
deposits: The Reserve Bank of India (RBI) has
increased the minimum amount for offering non-callable/without premature
withdrawal option term deposits (TDs) from ₹15 lakh to ₹1 crore. It means
that all domestic term deposits accepted from individuals for amount of ₹1
crore and below shall have premature-withdrawal-facility. The central bank said
its instructions in this regard shall also be applicable for Non-Resident Rupee
(NRE) Deposit / Ordinary Non-Resident Deposits.
2. ICICI Prudential Multi-Asset Fund – Growth: ICICI Prudential Mutual Fund's multi-asset
fund has turned into a wealth creator for investors by giving an
annualised return of 21% since its inception in October 2002. An investor
who put in Rs 10 lakh at the time of inception would now be sitting on about Rs
5.5 crore as of Sept. 30, indicating a Compound Annual Growth Rate (CAGR)
of 21% The fund is an open-ended scheme investing in equity, debt and exchange
traded commodity derivatives/units of Gold ETFs.
3. RBI Appoints Manoranjan Mishra As Its New Executive
Director: RBI has
appointed Manoranjan Mishra as Executive Director (ED) with
effect from November 01, 2023.
Prior
to being promoted to ED, he was serving as Chief General Manager in the
Department of Regulation. Mishra has experience of over three decades in the RBI,
having worked in the areas of regulation of banks and NBFCs, supervision of
banks and currency management. He has served as a member in several working
groups at the national and international levels.
AWARDS AND HONOURS
1. RBI conferred with businessline’s Changemaker of the
Year 2023 Award: Reserve Bank of India (RBI) conferred
the businessline’s ‘Changemaker of the Year’ 2023 award. RBI Governor
Shaktikanta Das attributed RBI’s success in steering through Covid and other
crises to the team work and diligence of its dedicated officers and employee
force. These awards encompass various categories, celebrating those who have
contributed to the betterment of society, the economy, and the planet.
OBITUARIES
1. Indian Poet Gieve Patel Passed Away At The Age Of 83: Noted playwright, poet, painter and thinker Gieve Patel passed away at the age of 83. Gieve Patel, who had been battling cancer, was admitted to the Pune center a few weeks ago. He leaves behind a legacy of remarkable contributions as a playwright, poet, painter, and physician.
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