NATIONAL UPDATES:
1. Karnataka celebrates Bali Padyami festival: Karnataka celebrates Bali Padyami festival on the fourth day of Deepavali.It is believed that the Asura king Bali Chakravarty comes out of Pathala loka and visits Bhuloka as per the boon given by Lord Vishnu during Vamana Avatar.After worshipping Ganga matha on the first day, Naraka Chaturdashi on the second and Lakshmi Pooja on the third day of Deepavali, the festival of Bali Padyami derives significance.The day is symbolic of prosperity and welfare representing the then flourishing kingdom of Bali Chakravarty.
2. Yamaha Motor India appoints Itaru Otani as Chairman: India Yamaha Motor (IYM) Pvt Ltd. has appointed Itaru Otani as the new chairman of Yamaha Motor India Group.Otani brings over three decades of experience with Yamaha Motor Company, having held key leadership roles across global markets, including Australia, Brazil, and Japan.Prior to this role, Otani served as Chief General Manager, leading the Land Mobility Business Operations based out of Japan.Otani replaced Eishin Chihan.
INTERNATIONAL UPDATES:
1. First Asian Buddhist Summit to be held in New Delhi: India will host the first Asian Buddhist Summit in the national capital New Delhi from 5 to 6 November.The summit is being organised by the Central government’s Ministry of Culture in collaboration with the International Buddhist Confederation (IBC).The theme of this summit is on ‘Role of Buddha Dhamma in Strengthening Asia’.Buddhism holds a unique position in the spiritual and cultural history of India and pan Asia, and the teachings of the Buddha, his disciples and preachers has kept Asia united through a common outlook towards life, divinity, and social values.
2. 352nd Governing Body meeting of ILO is underway in Geneva: The 352nd Governing Body meeting of the International Labour Organisation (ILO) was held in Geneva.During the meeting Labour and Employment Secretary Sumita Dawra highlighted India’s commitment to improving living standards reflected in significant initiatives covering all dimensions of poverty that have led to 248 million individuals escaping multidimensional poverty in the last nine years as measured by the multidimensional poverty index.She also stated the employment growth within the country adding around 170 million persons in economic activity during 2016-17 and 2022-23 as per provisional estimates.
3. ADB launches action plan to boost disaster resilience in Asia and Pacific: The Asian Development Bank (ADB) has announced a new action plan to enhance its disaster resilience efforts in Asia and the Pacific region.The Disaster Risk Management Action Plan 2024-2030 outlines ADB’s commitment to supporting its developing members in mitigating the impacts of disasters and climate change.The action plan promises to guide the integration of disaster risk management components into ADB’s operations, project design, and funding decisions.In August, the United Nations Office for Disaster Risk Reduction warned that disasters in the Asia-Pacific region were projected to increase by 40 per cent by 2030.
4. 5 November – World Tsunami Awareness Day: World Tsunami Awareness Day is observed globally each year on November 5.Objective – sTo increase awareness about the dangers of tsunamis and encourage proactive preparedness in the event of such natural disasters.Theme 2024 – Fighting Inequality for a Resilient Future Established by the United Nations General Assembly in 2015, the day underscores the importance of early warning systems and community education to reduce the catastrophic effects of tsunamis.
OTHER UPDATES:
DEFENCE
1. Navy Chief Dinesh Tripathi launches ‘Swavlamban 2024’ exhibition: Navy Chief Admiral Dinesh Kumar Tripathi has inaugurated the ‘Swavlamban 2024’ exhibition at Bharat Mandapam.The event aims to showcase innovations from the country’s young entrepreneurs and strengthen collaborations between the Indian Navy and various industry stakeholders.He expressed enthusiasm for the innovative solutions showcased by the nation’s youth and noted the participation of around 115 stalls from diverse agencies, including the Indian Air Force, Indian Army, Indian Coast Guard, and the Border Security Force (BSF).Launched in 2022, the initiative aims to collaborate with Micro, Small, and Medium Enterprises (MSMEs) and the Indian industry to address operational needs and bridge capability gaps within the Navy.
SPORTS
1. Anish Sarkar becomes Youngest-Rated FIDE Chess Player Globally: Anish Sarkar of Kolkata, West Bengal, has become the youngest-rated FIDE chess player in the world. At the age of three years, eight months, and 19 days, Anish secured a FIDE rating of 1555.The International Chess Federation, known by its French acronym FIDE, is the world’s governing body for chess. It assigns ratings or points based on players’ performance in FIDE-approved chess tournaments.Anish Sarkar, born on January 26, 2021, played his first tournament, the West Bengal State Under-9 Open, in October 2024. He next played in the West Bengal State Under 13 Open chess tournament, where several FIDE-rated players participated.According to the FIDE rule, a player is given rating points if the player plays against at least five FIDE-rated players. Thus, after participating in the West Bengal State Under 13 Open chess tournament, Anish Sarkar was given an initial FIDE rating of 1555.
2. Wriddhiman Saha announces retirement from cricket: Indian wicketkeeper-batter Wriddhiman Saha has announced his retirement from cricket, the ongoing Ranji Trophy season will be his last final one.The 40-year-old Bengal wicketkeeper has appeared in 40 Tests and nine ODIs since his international debut in 2010.
3. India’s Atanu Das bags Bronze Medal in Swiss Open Indoor Archery: India’s Atanu Das has bagged a Bronze medal in the Swiss Open Indoor Archery in Lausanne, Switzerland. Olympian Atanu Das defeated Switzerland’s Thomas Rufer 6-4 in the Recurve Men’s Bronze medal match.
Earlier in the Semifinals, Atanu faced a defeat against Romain Fichet of France 4-6. Romain clinched the silver while Italy’s Alessandro Paoli clinched the gold.The 2025 Indoor Archery World Series kicked off, featuring over 300 archers from 31 countries.The Swiss Open includes both recurve and compound divisions. There will be six events held during the 2025 season 1, starting in November 2024 and ending in March 2025.
SCIENCE AND TECHNOLOGY
1. Japan set to test world’s first wooden satellite: Scientists in Japan are set to test the world’s first wooden satellite “LignoSat”. The LignoSat was developed by a team from Kyoto University and homebuilder Sumitomo Forestry.It will be launched next week atop a SpaceX rocket, bound for the International Space Station.LignoSat – named after the Latin word for wood – will be released from the space station in the coming weeks. It will orbit for six months, testing how well the material can withstand the extreme environment.Forest science professor Koji Murata says wood can actually perform well in space, as there’s nothing there to make it rot or catch fire.The wood used for this satellite comes from a type of magnolia tree – Japanese honoki. Traditionally, it is easy to process and resistant to shattering, which is why it is typically used for things like the scabbards of Japanese swords and the blades of Japanese wooden sandals due to its strength.
2. ISRO Starts India’s First Analog Space Mission to Plan Lunar Mission experiments: Indian Space Research Organisation (ISRO) has started the country’s first analog space mission at Leh in Ladakh, where space agency will simulate life in an interplanetary habitat.The move assumes significance as India is planning to send a human to the Moon in the near future.Analog space missions are field tests in locations on Earth that have physical similarities to the extreme space environments and play a significant role in problem solving for spaceflight research.Ladakh has been chosen for such a mission as the geographical features of the area – dry and cold climate, barren land, high-altitude terrain and extreme isolation – are considered to closely resemble Martian and lunar landscapes.
BANKING AND FINANCE
1. NSE launches mobile app & websites in 8 additional languages: The National Stock Exchange has launched a mobile app as well as websites in eight additional languages to commemorate 30 years of operations.Trading in the equities market commenced on the NSE on 3rd November 1994.MD and CEO of NSE, Ashishkumar Chauhan, announced that these languages include Assamese, Bengali, Kannada, Malayalam, Odia, Punjabi, Tamil, and Telugu, bringing the total number of languages supported by the NSE to twelve.The NSE also held its traditional muhurat trading on the occasion of Lakshmi Poojan.
2. SBI MF becomes first to surpass ₹10 lakh crore AUM, outpacing ICICI and HDFC: SBI Mutual Fund, the country’s largest asset management company (AMC), has achieved a record average asset under management (AAUM) of ₹10.99 lakh crore in the September quarter (Q2 FY25), according to data from the Association of Mutual Funds in India (AMFI).The fund house concluded FY24 with an AAUM of ₹9.14 lakh crore. Notably, in June 2024, SBI Mutual Fund became the first mutual fund house to surpass the ₹10 lakh crore mark in AAUM. Over the period from FY19 to FY24, its AAUM recorded a compound annual growth rate (CAGR) of approximately 26%.This growth can be attributed to a steady increase in the Systematic Investment Plan (SIP) book. As of June 3, 2024, SBI Mutual Fund had assets that were 30% and 45% higher than those of its nearest competitors, ICICI Mutual Fund and HDFC Mutual Fund, which had AAUMs of ₹8.41 lakh crore and ₹7.59 lakh crore, respectively.
3. Punjab & Sind Bank launches e-bank guarantee facility: Punjab & Sind Bank (PSB), a public sector bank, has launched e-Bank Guarantee (e-BG) facility in partnership with National e-Governance Services Ltd (NeSL).This new facility replaces paper-based BG issuance process with stamping and signatures.With the secured transmission and enhanced transparency, beneficiaries will save efforts and time in the verification of physical BGs.It is a landmark step towards enhancing the ease of business for applicants and beneficiaries, it will not only reduce the TAT (turnaround time) but also be a game changer to curb the frauds and inconvenience caused on the physical movement of documents.
No comments:
Post a Comment