Daily GK Update- 27th Nov, 2021

 

NATIONAL UPDATES:

 

1. Cabinet approves extension of Pradhan Mantri Garib Kalyan Ann Yojana: Union Cabinet chaired by Prime Minister Narendra Modi has approved the extension of Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) for another four months. The Phase V of the PMGKAY scheme will be operational from December 2021 till March 2022. Under the scheme, all the beneficiaries covered under the National Food Security Act (NFSA) receives food grains @ 5 kg per person per month.

About the schemes: The estimated additional food subsidy for Phase V of the scheme is of Rs. 53344.52 Crore. The total food-grains outgo for PMGKAY Phase V will be about 163 LMT.

 

2. Union Minister Pralhad Joshi inaugurates E-portal of accreditation scheme for minerals exploration: The Union Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi inaugurated the E-portal of accreditation scheme for Mineral exploration. The portal was inaugurated at the 5th National conclave on Mines and Minerals in New Delhi. The first ever national conclave on Mines and Minerals was held at Raipur in 2016. The minister presented awards to 149 five-star rated mines for sustainable mining practices and all round performance. He also handed over of 52 Geological Survey of India (GSI) approved mine blocks to 15 State Government.

 

3. India and ADB sign USD 300 million loan agreement to improve primary health care in India: The Government of India and the Asian Development Bank (ADB) have signed loan agreement worth $300 million to strengthen and improve access to comprehensive primary health care in urban areas. The programme will be implemented in urban areas across 13 states. Over 256 million urban dwellers including 51 million from slum areas will benefit from the project.

 

4. Shimla tops NITI Aayog’s inaugural SDG Urban Index: NITI Aayog launched the inaugural SDG Urban Index & Dashboard 2021-22, to further strengthen Sustainable Development Goals (SDGs) localization and institute robust SDG monitoring at the city level. The index is an SDG progress monitoring tool at the ULB level to highlight the strengths and gaps of ULB-level data, monitoring, and reporting systems. Shimla has topped among the 56 urban areas while Dhanbad in Jharkhand is at the bottom.

Top 5 Urban Areas with the score:

Shimla: 75.50

Coimbatore: 73.29

Chandigarh: 72.36

Thiruvananthapuram: 72.36

Kochi: 72.29

Bottom 5 Urban Areas with the score:

Dhanbad: 52.43

Meerut: 54.64

Itanagar: 55.29

Guwahati: 55.79

Patna: 57.29

 

About the SDG Urban Index and Dashboard 2021-22: The SDG Urban Index and Dashboard 2021-22 ranks 56 urban areas on 77 SDG indicators across 46 targets of the SDG framework. These include 44 cities with a population above one million and 12 State capitals with a population of less than a million. The Index has been developed by Niti Aayog in collaboration with GIZ and BMZ under the umbrella of Indo-German Development Cooperation.

 

5. A book titled “Contested Lands: India, China and the Boundary Dispute” by Maroof Raza: Former Army Officer Maroof Raza has authored a new book titled “Contested Lands: India, China, and the Boundary Dispute”. The book features the history of India’s boundary making with Tibet and China and analyses the current India-China boundary contestation stemming from interpretations of history in the post-colonial period. Maroof Raza’s other books: Kashmir’s Untold Story (co-authored with Iqbal Chand Malhotra), Shourya Gatha: Bharat Ke Veer Senani (co-authored with Lt. Col. Sheodan Singh),War Despatches 1971 (co-authored with Brig B.S. Mehta).

 

6. National Organ Donation Day: 27th November: In India, the ‘National Organ Donation Day’ is observed every year on 27 November since past 10 years. The day aims to promote awareness and recognize the selfless contribution made by deceased donors to healthcare and mankind re-instill our faith in humanity. 2021 marks the 12th National Organ Donation Day. It is organised by the National Organ & Tissue Transplant Organization (NOTTO) under the Ministry of Health and Family Welfare.

About Organ Donation: Organ donation is retrieving a donor’s organ like heart, liver, kidneys, intestines, lungs, and pancreas after the donor is deceased and then transplanting into another person who is in need of an organ.

Note: National Organ & Tissue Transplant Organization Headquarters: New Delhi.

 

INTERNATIONAL UPDATES:

 

1. Vice President represents India at 13th ASEM Summit Virtually: The 13th edition of the ASEM (Asia-Europe Meeting) Summit has been organised on November 25 and 26, 2021. The Summit is being hosted by Cambodia as ASEM Chair. The theme of the two-day ASEM Summit is Strengthening Multilateralism for Shared Growth. The Indian delegation is being led by Vice President M. Venkaiah Naidu through the virtual platform.

About the Summit: The ASEM Summit will bring together countries in Asia and Europe to exchange views on regional and global issues and strengthen cooperation in a wide range of areas. ASEM grouping have 51 member countries and two regional organisations — the European Union and the Association of Southeast Asian Nations (ASEAN). The 2021 summit marks the 25th anniversary of the ASEM process.

 

2. Magdalena Andersson elected as first female Prime Minister of Sweden: Social Democratic party leader Magdalena Andersson has been elected as the first woman prime minister of Sweden during Parliamentary election on November 24, 2021. She will replace incumbent Prime Minister Stefan Lofven. Magdalena Andersson is the current Finance Minister of the country. She will assume the charge of Prime Minister on November 26, 2021.

 

OTHER UPDATES:

 

BANKING AND FINANCE

 

1. Equitas SFB partnered with HDFC Bank to offer co-branded credit cards: Equitas Small Finance Bank (SFB) partnered with HDFC (Housing Development Finance Corporation Limited) Bank to launch its new co-branded credit cards. Through this partnership, Equitas SFB will utilize the HDFC bank’s reach in the credit card market and also to provide its customers a better banking ecosystem.

About the credit card: The credit card can be availed in two categories. The first category is the ‘Excite Credit Card’ which offers a credit limit from Rs 25,000 to Rs 2 lakh and the second category is the ‘Elegance Credit Card’ which offers a credit of over Rs 2 lakh.

Note: Equitas Small Finance Bank Ltd Founded: 2016; Equitas Small Finance Bank Ltd Headquarters: Chennai, Tamil Nadu; Equitas Small Finance Bank Ltd MD & CEO: Vasudevan Pathangi Narasimhan.

 

BUSINESS AND ECONOMY

 

1. SBI signed an MoU with Pondicherry Co-op Milk Producers’ Union Ltd: The State bank of India (SBI) has signed an MoU with Pondicherry Co-op. Milk Producers’ Union Ltd (PONLAIT) for financing individual dairy farmers up to Rs 3 Lakh. The Loan will be made available through YONO application of the SBI Bank. SBI has introduced a technology product, named ‘SAFAL- Simple And Fast Agriculture Loan’ for financing individual Dairy farmers, who are supplying milk to commercial dairies on a regular basis.

About the agreement: Around 3,500 dairy farmers supplying milk to 98 primary milk societies of PONLAIT would be benefited by the arrangement. This was the first MoU signed in the Chennai circle of the bank which plans to enter into such agreements with commercial dairies throughout the country to finance farmers supplying milk to the dairies. The present arrangement to boost milk production with the help of bank loans would help the administration of the union territory to meet the daily requirement of milk.

Note: SBI Chairperson: Dinesh Kumar Khara; SBI Headquarters: Mumbai; SBI Founded: 1 July 1955.

 

2. Moody’s Projects India’s GDP growth forecast in FY22 at 9.3%: Moody’s Investors Service in its latest report has projected that the economic growth in India will rebound strongly. It has pegged GDP growth for the nation at 9.3% and 7.9% in FY22 and FY23, respectively. India recently hit record Covid-19 vaccination rates. Moody’s notes that the vaccination drive in India has gathered pace after the second wave. Around 30% of the population of India is now fully vaccinated with two doses while around 55% of the population has received at least one dose. Improved vaccination coverage has led to stabilisation in consumer confidence.

 

AWARDS AND HONOURS

 

1. S K Sohan Roy 1st Indian to be honoured with Knighthood of Parte Guelfa: Dr S K Sohan Roy from Kerala, CEO, and founder of Aries Group of Companies has become the first Indian to be honoured with the Knighthood of Parte Guelfa for his humanitarian and Environmental protection efforts in business and movies. The honorary title of “Knight of Parte Guelfa” has been conferred upon him during the conferring ceremony organized during the Investitures of Parte Guelfa of Annus Domini 2021 and was held at the Basilica of Santa Croce and the Palagio di Parte Guelfa in Florence, Italy.

Order of the Guelph Part: Order of the Guelph Part or Ordo Parte Guelfae which was initially known as Societas Partis Ecclesiae is an order of pontifical foundation established by Pope Clement IV in 1266. The Guelph part is concerned with environmental protection and the knighthood is recognised as the protector of the World Environment.

Dr Sohan Roy: Dr Sohan Roy, an Indian entrepreneur based in Sharjah, is a Naval Architect and Marine Engineer, an award-winning director and a poet. Forbes listed him among the top Indian leaders of the Arab World four times in a row between 2015 and 2019. Aries Punnamada Urukku Chundan, a steel snake boat developed by Sohan Roy’s Aries Marine, has been certified as the world’s largest canoe crew by Guinness World Records.

Daily GK Update- 26th Nov, 2021

 

NATIONAL UPDATES:

 

1. Railways to start theme-based Bharat Gaurav trains: Minister of Railways, Ashwini Vaishnaw has announced the launch of Bharat Gaurav, which will be run in theme-based circuits by both the private sector and the IRCTC. The Indian Railways is in the process of finalising theme-based tourist circuit trains through private and state-owned service providers in a move to display the country’s rich cultural heritage. To promote the first-of-its-kind theme-based trains, the railways has dedicated more than 3,000 AC and non-AC coaches of various categories to run around 190 tourist circuit trains to various cultural and heritage sites. The first Bharat Gaurav train may begin by January 2022.

 

2. Jitendra Singh launched India’s 1st Virtual Science Lab for children: Science and Technology Minister, Jitendra Singh has launched India’s first Virtual Science Lab for Children under CSIR (Council of Scientific and Industrial Research) Jigyasa Programme. These labs will connect students with scientists across the country. To provide quality research exposure and innovative pedagogy for school students based on an online interactive medium. The new facility will immensely benefit students from Kendriya Vidyalayas, Navodaya Vidyalayas, and Government Schools. The virtual lab would provide a virtual tour of CSIR laboratories and expose students to research infrastructure. CSIR has also partnered with the Indian Institute of Technology, Bombay to develop a Virtual Lab platform under Jigyasa programme.

 

3. Indore’s Railway Station renamed after Tribal Icon Tantya Bhil: Madhya Pradesh Chief Minister, Shivraj Singh Chouhan has announced the renaming of Indore’s Patalpani railway station after tribal icon Tantya Bhil, who was well known as ‘Indian Robin Hood’ by the tribals. CM also announced that 2 other landmarks, the Bhanwar Kuan intersection, and MR 10 bus stand, in Indore will also be named after Tantya Bhil. Notably, Bhopal’s Habibganj railway station was recently named after Rani Kamalapati, a tribal queen.

About the Tantya Bhil: Tantya Bhil is hailed as one of the revolutionaries who waged an armed struggle against the British rule for 12 years. It is said that Tantya used to loot the treasuries of the British government and distribute the wealth among the poor.

Note: Chief Minister of Madhya Pradesh: Shivraj Singh Chouhan; Governor: Mangubhai C. Patel.

 

4. Art historian BN Goswamy’s book on Indian arts: Distinguished art historian & Padma Awardee, Brijinder Nath Goswamy has authored a new book on Indian arts, titled “Conversations: India’s Leading Art Historian Engages with 101 themes, and More”. The book acquired by Penguin Random House India will be published in January 2022. In this book, B.N Goswamy explores a wide range of subjects on or around the arts. With this book, Goswamy opens a window to a wide range of subjects: on and around the arts. It not only invites those interested and literate in arts but also the general readers who want to take a dive into the field of the arts.

 

5. Indian Constitution Day: 26th November: In India, Constitution Day is observed every year on November 26 to mark the anniversary of the adoption of the Constitution of the country. In India, 26 November is celebrated as Constitution Day or Samvidhan Diwas. On this day in 1949, the constitution was adopted which came into force on January 26, 1950, marking the beginning of a new era in the history of India. The day aims to spread the importance of the constitution and to spread the thoughts and ideas of BR Ambedkar, the father of the Indian constitution.

History of the day: On 19th November 2015, during the year-long celebration of the 125th birth anniversary of Dr B R Ambedkar, the Government of India declared November 26th as the Constitution Day. Previously this day was celebrated as Law Day. 26 November was chosen to spread the importance of the constitution and to spread thoughts and ideas of Ambedkar.

 

6. National Milk Day: 26th November: Every year November 26 is celebrated as National Milk Day in India. The day is being observed since 2014 to commemorate the birth anniversary of the Father of India’s White Revolution, Dr Verghese Kurien. He is also nicknamed as “Milkman of India”. To celebrate National Milk Day, the College of Dairy Science & Technology (CODST) and Guru Angad Dev Veterinary & Animal Sciences University (GADVASU) is organizing “Milk Adulteration Testing Camp” on 25 and 26 November 2021. The National Milk Day is observed with the objective of providing information regarding the need and importance of milk in human’s life. Milk is the first food that a child consumes after birth. It is perhaps the food consumed throughout life.

Note: World Milk Day is observed on 1 June every year by the United Nations.

 

INTERNATIONAL UPDATES:

 

1. NASA launches world’s first DART Mission: The US space agency NASA has launched a first-of-its-kind mission named DART to change the path of an asteroid by intentionally crashing a spacecraft into it. DART stands for Double Asteroid Redirection Test. The $325 million DART mission was launched into orbit on November 24, 2021, from Vandenberg Space Force Base in California atop a SpaceX Falcon 9 rocket.

About the mission: The mission aims to test asteroid-deflecting technology. The purpose of the mission is to crash a space probe into the asteroid so as to alter its speed and course so prevent it from hitting the Earth. NASA is poised to investigate just that with a first-of-its-kind mission to deflect an asteroid by intentionally crashing a spacecraft into it. The mission offers a rare, real-world chance to test a planetary defence strategy that could protect Earth from a potentially catastrophic collision in the future.

Note: NASA administrator: Bill Nelson; Headquarters of NASA: Washington D.C., United States; NASA Founded: 1 October 1958.

 

OTHER UPDATES:

 

SPORTS

 

1. Alexander Zverev beats Daniil Medvedev to win ATP Finals title: In Tennis, Alexander Zverev of Germany beat World No.2 Daniil Medvedev of Russia, 6-4, 6-4, in the men’s singles finals to clinch the 2021 ATP Finals title, held at Turin in Italy. This is Zverev’s second Nitto ATP Finals title, after winning the first in 2018. Pierre-Hugues Herbert and Nicolas Mahut of France clinched the men’s double title by defeating Rajeev Ram of the US and Joe Salisbury of the UK.

 

BANKING AND FINANCE

 

1. RBI revealed a Draft Scheme for amalgamation of PMC Bank: The Reserve Bank of India (RBI) revealed a draft scheme for amalgamating the Punjab and Maharashtra Cooperative (PMC) Bank with the Delhi-based Unity Small Finance Bank Ltd (USFB). Unity Small Finance Bank is a joint venture between Centrum Group and Bharatpe. It has commenced operations as a small finance bank with effect from November 1, 2021. According to the draft scheme of amalgamation, the takeover of the assets and liabilities of PMC Bank, including deposits, by Unity will give a greater degree of protection for the depositors.

The suggestions and objections to the draft scheme are open till December 10, 2021. PMC Bank Limited based in Mumbai, Maharashtra was placed under All-Inclusive Directions under Sub-section (1) of Section 35-A read with Section 56 of the Banking Regulation (BR) Act, 1949 on September 23, 2019, on account of fraud which led to a steep deterioration in its net worth. The RBI scheme also said that for institutional depositors 80 per cent of the uninsured deposits outstanding will be converted into Perpetual Non-Cumulative Preference Shares (PNCPS) with the dividend of one per cent per annum payable annually.

 

BUSINESS AND ECONOMY

 

1. Financial Stability Board: JP Morgan named world’s most systemic bank: JPMorgan Chase has once again been named the world’s most important bank to the health of the wider financial system, according to the latest annual ranking of top lenders by global regulators. The Financial Stability Board (FSB), made up of regulators from G20 countries, published its latest table of the world’s 30 most systemic banks.

The 30 lenders are divided between four “buckets” in order of how systemic, international, interconnected and complex they are, with JPMorgan now in a higher bucket than its nearest peers. Being included in the table means having to hold additional capital and undergo more intense supervision to avoid a repeat of taxpayer bailouts in the banking crisis over a decade ago. In practice, the lenders typically hold capital buffers that are already above FSB requirements.

 

AWARDS AND HONOURS

 

1. International Emmy Awards 2021 announced: The 2021 International Emmy Awards was the 49th edition of the annual ceremony held in New York City. The award recognised excellence in television programs produced and aired originally outside the U.S., and non-English language US primetime programs between the dates of January 1, 2020, and December 31, 2020.

From India, Nawazuddin Siddiqui was nominated for Best Actor for his performance in Serious Men, Sushmita Sen-led Aarya was nominated for Best Drama and comedian Vir Das was nominated for Best Comedy. However, India could not register a win in any of the above categories. Till date, the only Indian show to bag an Emmy is Delhi Crime which won Best Drama in 2020.

List of Winners of 2021 International Emmy Awards:

Best Actor: David Tennant for Des (UK)

Best Actress: Hayley Squires for Adult Material (UK)

Best Drama Series: Tehran (Israel)

Best Comedy Series: Call My Agent Season 4 (France)

Best Documentary: Hope Frozen: A Quest To Live Twice (Thailand)

Best Telenovela: The Song Of Glory (China)

Best TV Movie / Mini-Series: Atlantic Crossing (Norway)

Best Arts Programming: Kubrick By Kubrick (France)

Best Short-Form Series: INSiDE (New Zealand)

Best Non-Scripted Entertainment: The Masked Singer (UK)

Best Non-English Language U.S. Primetime Program: 21st Annual Latin GRAMMY Awards (USA)

 

2. Doordarshan and AIR won at UNESCO-ABU Peace Media Awards 2021: Doordarshan and radio show by All India Radio has received multiple awards at ABU – UNESCO Peace Media Awards-2021 at Kuala Lumpur in Malaysia. The awards were given by UNESCO in collaboration with Asia Pacific Broadcasting Union under the ‘Together for Peace’ initiative.

About the AlR’s ‘Living on the edge – The coastal lives’: All India Radio series ‘Living on the edge – The coastal lives’ explores life for fishing communities living on the edge in Visakhapatnam. This programme was devised and produced by Monika Gulati, Programme Executive of All India Radio in Delhi.

About the Doordarshan’s programme ‘DEAFinitely Leading the Way: DEAFinitely Leading the Way’ talks about the inspiring journey of a specially-abled child. The purpose of the documentary is to motivate specially-abled persons to live their life with dignity. The documentary was produced and directed by Pradeep Agnihotri, Programme Executive of Doordarshan in Delhi.

 

DEFENCE

 

1. India, Maldives & Sri Lanka conducted biennial trilateral exercise ‘Dosti’: The 5-day long, 15th edition of the Maldives, India, and Sri Lanka biennial Trilateral Exercise ‘Dosti’ was conducted in the Maldives from 20-24 November 2021 as part of regional security formation for a peaceful and stable Indian Ocean Region. The Exercise is conducted biennially among the Coast Guards of the 3 countries. This year marks the 30th year since the initiation of the exercise.

Indian Coast Guard vessels, Integrated Coast Guard Ship (ICGS) Vajra and Apoorva along with Sri Lanka Coast Guard Ship (SLCGS) Suraksha Participated in the exercise. The aim of the India-Maldives-Sri Lanka tri-lateral exercise ‘Dosti’ is to further fortify the friendship, enhance the mutual operational capability, and exercise interoperability and to build cooperation between the Coast Guards of Maldives, India and Sri Lanka.

 

OBITUARIES

 

1. Former South Korean President Chun Doo-hwan passes away: The former president of South Korea Chun Doo-hwan passed away at the age of 90 years due to heart failure in Seoul, South Korea. He belonged to the ‘Democratic Justice’ party. He became the 5th President of South Korea. He served as the President of the Democratic Justice Party from 1981 to 1987.

A former military commander, Chun — known as the “Butcher of Gwangju” — presided over the 1980 army massacre of pro-democracy demonstrators in the city, a crime for which he was later convicted and received a commuted death sentence.

Daily GK Update- 25th Nov, 2021

 

NATIONAL UPDATES:

 

1. Amit Shah lays foundation stone of Rani Gaidinliu museum: Union Home Minister, Amit Shah laid the foundation for ‘Rani Gaidinliu Tribal Freedom Fighters Museum’ in Manipur, through video conferencing. The museum will be set up at Luangkao village in the Tamenglong district of Manipur, which is the birthplace of freedom fighter Rani Gaidinliu. The proposed museum is being set up at an estimated cost of Rs 15 crore by the Ministry of Tribal Affairs. Such a museum in honour of the freedom fighters would imbibe a sense of nationalism among the youths. About the Rani Gaidinliu:

(1) Rani Gaidinliu was born on January 26, 1915 at Nungkao village in Tamenglong district of Manipur. She was a spiritual and political leader who belonged to the Rongmei tribe of Manipur.

(2) At the age of 13, she joined the freedom movement and later spearheaded the socio-political movement to drive out the British.

(3) In 1932, she was arrested and sentenced to life imprisonment. She spent 14 years in jail and was released only after India’s Independence in 1947.

 

2. India & World Bank inks $250 million loan agreement to improve quality of learning in Andhra Pradesh: The Government of India has signed a legal agreement with the World Bank worth $250 million for a project to improve quality of learning in the state of Andhra Pradesh. Over 50 lakh students from all grades and stages of school education will benefit from the project, titled “Supporting Andhra’s Learning Transformation Project”.

 

3. CII to organize 20th edition of ‘Connect 2021’ in Chennai: The Confederation of Indian Industry (CII) will organise its flagship event ‘Connect 2021’ from November 26 to 27 in Chennai, Tamil Nadu. Connect is an international conference and exhibition on information & communication technology (ICT). Theme: “Building a Sustainable Deep T’ech’N’ology Ecosystem”. About the ‘Connect 2021’:

(1) The main focus of ‘Connect 2021’ is to take the state’s GDP to US$ 1,000 billion by 2030.

(2) The event will be inaugurated by the Tamil Nadu Chief Minister M K Stalin on November 26, 2021. Australia and the United Kingdom are the partner countries for the event.

(3) The flagship event of CII is hosted by the Government of Tamil Nadu and co-hosted by Software Technology Parks of India and the Union Ministry of Electronics and Telecommunications.

 

4. Ban Ki-moon released his autobiography “Resolved: Uniting Nations in a Divided World”: A book titled ‘Resolved: Uniting Nations in a Divided World’ is an autobiography of the Former United Nations Secretary-General Ban Ki-moon. It consists of life experiences and challenges that the author faced in his life & elaborates his tenure in the United Nations (UN). He served as the 8th Secretary-General of the United Nations for a two 5-year term (2007-2016).

In ‘Resolved: Uniting Nations in a Divided World’, published by HarperCollins India, Ban goes on to describe how he became a “man of peace” from a “child of war”. Former UN secretary-general Ban Ki-moon’s first diplomatic posting was in India and he developed such a special connection that even 50 years later, he tells the Indian people that half of his “heart belongs in their country”.

 

5. Abhijit Banerjee authored a book titled “Cooking to Save your Life”: Indian-born American economist & Nobel laureate, Abhijit Banerjee has authored a new book (cookbook) titled “Cooking to Save your Life”. The book illustrated by France based illustrator Cheyenne Oliver is published by Juggernaut Books. He won the Nobel Memorial Prize in Economic Sciences in 2019 along with Esther Duflo and Michael Kremer for their experimental approach to alleviating global poverty.

 

INTERNATIONAL UPDATES:

 

1. Abdalla Hamdok reappointed as Sudan’s PM: Sudan’s removed Prime Minister Abdalla Hamdok was reappointed after signing a political declaration to end the current political crisis by Hamdok and Abdel Fattah Al-Burhan, general commander of the Sudanese Armed Force. Before becoming prime minister, Hamdok worked for the U.N. Economic Commission for Africa, the African Development Bank and as a special adviser at the Trade and Development Bank in Ethiopia.

Note: Sudan Capital: Khartoum; Sudan Currency: Sudanese Pound.

 

2. International Day for the Elimination of Violence against Women: 25th November: The United Nations designated International Day for the Elimination of Violence Against Women is celebrated worldwide on November 25. The day is celebrated to raise awareness of the fact that women around the world are subject to various forms of violence and the true nature of the issue is often hidden. This year’s theme for the International Day for the Elimination of Violence against Women is “Orange the World: End Violence against Women Now!”.

History of the day: In 1981, activists at the Latin American and Caribbean Feminist Encuentros marked November 25 as a day to combat and raise awareness of violence against women more broadly; on December 17, 1999, the date received its official United Nations (UN) resolution.

 

OTHER UPDATES:

 

SPORTS

 

1. Syed Mushtaq Ali Trophy Finals: Tamil Nadu defeats Karnataka: In cricket, Tamil Nadu has lifted the Syed Mushtaq Ali Trophy defeating Karnataka after chasing 152. Batsman M. Shahrukh Khan smashed a dramatic last-ball six to help Tamil Nadu defend the T-20 title with a thrilling four-wicket win in the summit clash in Arun Jaitley Stadium, Delhi. This is the third time that Tamil Nadu has won the Syed Mushtaq Ali tournament, having previously won it in 2006-07 and 2020-21. The side had also made it to the finals in the 2019-20 season and ended up suffering a loss against Karnataka.

 

2. 2025 Asian Youth Para Games will be hosted by Tashkent, Uzbekistan: The 5th edition of the Asian Youth Para Games 2025 will be hosted by Tashkent, the capital of Uzbekistan, and the approval given by the Asian Paralympic Committee’s (APC) Executive Board. For the first time, ‘Asian Youth Games 2025’ and ‘Asian Youth Para Games 2025’ will be hosted in the same city & in the same venues.

Note: Asian Paralympic Committee Headquarters: Dubai, United Arab; Asian Paralympic Committee President: Majid Rashed; Asian Paralympic Committee CEO: Tarek Souei.

 

BANKING AND FINANCE

 

1. ICICI Bank launches online platform ‘Trade Emerge’: Private sector lender ICICI Bank has launched an online platform called ‘Trade Emerge’ for Indian exporters and importers to offer them digital banking and value-added services. The cross border trade will become hassle-free, expeditious and convenient with Trade Emerge because an array of services are being offered in one place so companies will not require to coordinate with multiple touchpoints. The exporters and importers who are not customers of ICICI Bank can also avail the benefit of this platform.

Note: ICICI Bank MD & CEO: Sandeep Bakhshi; ICICI Bank Headquarters: Mumbai, Maharashtra; ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

 

2. BOB Cards tie-up NPCI for RuPay credit cards: BOB Financial Solutions (BFSL), a subsidiary of Bank of Baroda (BoB) has partnered with the National Payments Corporation of India (NPCI) to launch BoB Credit Cards (Easy and Premier variants) on the RuPay platform. Both Easy and Premier variants of BoB credit cards have been launched on the JCB International network and both cards support global acceptance. About the card:

(1) Both Easy and Premier variants of BoB credit cards have been launched on the JCB International network and both cards support global acceptance.

(2) These cards come with benefits such as 5X reward points on select merchant categories, fuel surcharge waiver, pre-and post-purchase EMI offers, up to three complimentary add-on credit cards for family members and several exciting merchant offers enabled both by BFSL and NPCI.

Note: Bank Of Baroda Headquarters: Vadodara, Gujarat, India; Bank Of Baroda Chairman: Hasmukh Adhia; Bank Of Baroda MD & CEO: Sanjiv Chadha.

 

BUSINESS AND ECONOMY

 

1. EAC-PM projected India’s GDP growth at 7.0-7.5% in FY23: The meeting of the Economic Advisory Council to the Prime Minister (EAC-PM) members was held in New Delhi to examine the Indian economic growth in 2022-23 (FY23) and further. There, EAC-PM members projected India’s real Gross Domestic Product (GDP) to 7-7.5% and a nominal rate of growth of more than 11% in FY23. They also projected growth of 5% in the current fiscal year (FY22) from a record contraction of 7.3% (-7.3%) in FY21.

About EAC-PM: Chairman: Bibek Debroy

Part-Time Members: Rakesh Mohan, Poonam Gupta, T.T. Ram Mohan, Sajid Chenoy, Neelkanth Mishra, and Nilesh Shah

 

2. Goldman Sachs projects India’s GDP at 9.1% in FY22: Wall Street brokerage, Goldman Sachs in its recent Macro Outlook 2022 note revised upward its projection for the gross domestic product (GDP) to 9.1 per cent, from the earlier estimate of 8 per cent for the calendar year 2022. For 2021-22 (FY22), it pegged economic growth at 8.5 per cent. For one, Goldman Sachs expects a rise in core inflation as manufacturers pass on input cost increases to consumers. As a result, the global research and brokerage house has pegged the headline consumer price inflation in India at 5.8 per cent year-on-year in 2022, from 5.2 per cent in 2021.

 

AWARDS AND HONOURS

 

1. President Kovind presents Vir Chakra, Kirti Chakra and Shaurya Chakra: President of India, Ram Nath Kovind presented Gallantry Awards and Distinguished Service Decorations in Defence Investiture Ceremony at Rashtrapati Bhavan. Gallantry Awards have been instituted by the Government of India to honour the acts of bravery and sacrifice of the officers/personnel of the Armed Forces as well as other lawfully constituted forces and civilians. The order of precedence of these awards is Vir Chakra, Kirti Chakra and Shaurya Chakra.

Vir Chakra: Group Captain Abhinandan Varthaman was accorded the Vir Chakra by President Ram Nath Kovind for his role in pushing back Pakistan’s fighter jets in February 2019. Abhinandan Varthaman was Wing Commander then. In the ensuing aerial dogfight, he shot down a Pakistani F-16 fighter aircraft on February 27, 2019.

Kirti Chakra: President Kovind accorded the second-highest peacetime gallantry award Kirti Chakra (posthumously) to Sapper Prakash Jadhav for neutralising terrorists in an operation in Jammu and Kashmir. His wife and mother received the award.

Shaurya Chakra: (1) Major Vibhuti Shankar Dhoundiyal was accorded the Shaurya Chakra (posthumously) for his role in an operation where five terrorists were eliminated and 200 kg explosive material was recovered. His wife Lt Nitika Kaul and mother received the award.

(2) Naib Subedar Sombir was accorded the Shaurya Chakra posthumously for killing an A++ category terrorist during an operation in Jammu and Kashmir. His wife Suman Devi and mother Rajendra Devi received the honour.

(3) The President also conferred the Shaurya Chakra to Major Maheshkumar Bhure who is an alumnus of Sainik School Satara. According to the citation, Major Bhure led an operation in which six top terrorist commanders were killed.

About the Gallantry Awards: The prestigious awards are usually conferred to the awardees/Next-of-Kins (NoKs) by the President at the Defence Investiture Ceremony held every year at the Rashtrapati Bhawan in New Delhi. The gallantry awards are announced twice a year first on the occasion of Republic Day and then on Independence Day. The order of precedence of these awards is Param Vir Chakra, Ashoka Chakra, Mahavir Chakra, Kirti Chakra, Vir Chakra and Shaurya Chakra.

 

DEFENCE

 

1. 37th edition of India-Indonesia Coordinated Patrol (CORPAT) held in Indian Ocean: The 37th edition of India-Indonesia Coordinated Patrol (CORPAT) is being held in the Indian Ocean region on November 23 and 24, 2021. The indigenously built Indian Naval Ship (INS) Khanjar and Dornier Maritime Patrol Aircraft is participating in the CORPAT). Khanjar. From Indonesia, Indonesian Naval Ship KRI Sultan Thaha Syaifuddin, (376) is participating.

The Indian Navy and the Indonesian Navy is conducting the CORPAT between the two navies along the International Maritime Boundary Line (IMBL) since 2002. CORPAT is held twice in a year to ensure safety and security in the region for commercial shipping, international trade and conduct of legitimate maritime activities.

Daily GK Update- 24th Nov, 2021

 

NATIONAL UPDATES:

 

1. Education Minister launches Centres For Nanotechnology at IIT Guwahati: Union Education Minister Dharmendra Pradhan inaugurated the state-of-the-art Centre for Nanotechnology and Centre for Indian Knowledge System at IIT Guwahati. He also released a book on NEP 2020 implementation. Assam Education Minister Ranoj Pegu was present on the occasion. IIT Guwahati has achieved excellent rankings in the various national and international ranking systems. Centre for Nanotechnology and Centre for Indian Knowledge System:

(1) The Centre for Nanotechnology will work towards meeting future challenges and augmenting academic partnerships with industry in Nanotechnology.

(2) The Centre for Indian Knowledge System (CIKS) will focus on preserving, documenting and sustaining the knowledge that is unique to India, such as Indian classical music, Yoga, Sanskrit, traditional medicines, temple architecture, ceramic tradition and special agricultural practices of North-East India, among other things.

(3) The funding for the Centre came from the Ministry of Education (MoE) and the Ministry of Electronics and Information Technology (MeitY).

 

2. Odisha celebrated ‘Boita Bandana’ Festival on Karthika Purnima: On Karthika Purnima, which is also known as Boita Bandana is celebrated at various water bodies of Odisha. The festival is the maritime tradition that is celebrated as a testament to the maritime trade history of Kalinga, tradesmen and mariners known as sadhabas travelled on boitas (boats) to trade with distant island nations that share borders with the Bay of Bengal like Indonesia, Java, Sumatra and Bali.

Note: Chief Minister of Odisha: Naveen Patnaik and Governor is Ganeshi Lal.

 

3. Andhra Pradesh Bags Best Marine State Award: Andhra Pradesh has been named the best marine state in the country by the Department of Fisheries. The Department of Fisheries under the Ministry of Fisheries, Animal Husbandry and Dairying awarded best performing States for 2021-22 on 21 November 2021 on the occasion of the ‘World Fisheries Day, to recognise their accomplishments in the field and their contribution to the growth of the sector. The awards were announced by the Union Minister for Fisheries, Animal Husbandry and Dairying, Parshottam Rupala in Bhubaneswar.

Top States:

(1) Marine states: Andhra Pradesh

(2) Inland states: Telangana

(3) Hilly and North East states: Tripura

Top Districts:

(1) Best Marine District: Balasore in Odisha

(2) Best Inland District: Balaghat in Madhya Pradesh

(3) Best Hilly and NE District: Bongaigaon in Assam

 

4. A new book “India vs UK: The Story of an Unprecedented Diplomatic Win” by Syed Akbaruddin: Senior Indian diplomat, Syed Akbaruddin has authored a new book titled “India vs UK: The Story of an Unprecedented Diplomatic Win”. The book features the behind-the-scenes details on India’s victory against the United Kingdom in the elections to the International Court of Justice (ICJ) in 2017. Syed Akbaruddin, India’s Permanent Representative to the UN at the time, presents a behind-the-scenes account of India’s coming-of-age in world affairs through the prism of this momentous election.

 

5. Assam Celebrates Lachit Divas on 24 November: Lachit Divas (Lachit Day) is celebrated annually in the Indian state of Assam on November 24, to mark the birth anniversary of the legendary Ahom army general Lachit Borphukan. Lachit Borphukan was born on 24 November 1622 in Charaideo and is known for his military intelligence in the Battle of Saraighat. Every year, since 1999, the ‘Lachit Borphukan Gold Medal’ is awarded to the best cadet passing-out from the National Defence Academy. The ‘Mahabir Lachit Award’ is given by the Tai Ahom Yuva Parishad in Assam to notable personalities. The cash prize of Rs 50000 and a sword is presented under this award.

About Lachit Divas: The Battle of Saraighat was fought between the Ram Singh-led Mughal army and the Lachit Borphukan-led Ahom army in the year 1671 on the banks of the Brahmaputra river. Chao Lachit was the Borphukan (Army general) of the Ahom army. Ram Singh, the elder son of Amber ruler Mirza Raja Jai Singh, was commissioned by Mughal Emperor Aurangzeb to invade the Ahom kingdom. The Mughal army was larger and powerful than the Ahom army, but Lachit, with his powerful use of terrain, leadership skills and Guerrilla warfare saved Saraighat from the Mughal invasion, present-day in Guwahati. He died a natural death in April 1672 in Jorhat, and his remains are present in the Lachit Maidan near Jorhat.

 

6. Martyrdom Day of ‘Guru Tegh Bahadur’ observed on 24 November: Every year, November 24 is celebrated as Martyrdom Day of Guru Tegh Bahadur, the ninth Guru of Sikhs of Sikh religion. The day is celebrated as Shaheedi Divas of Guru Tegh Bahadur across the country. It was on 24 November 1675, Guru Tegh Bahadur sacrificed his life for the sake of people who did not even belong to his community to protect religion, human values, ideals and principles.

 

INTERNATIONAL UPDATES:

 

1. US, Australia and UK signed MoU in Nuclear Submarine Alliance: Australia officially became a part of the new Nuclear Powered Submarine defence alliance with the United Kingdom and the United States after signing a deal with the countries in Canberra, Australia. Under the AUKUS deal, Australia will be provided with 8 nuclear-powered submarines capable of stealthy and long-range missions. It is the first agreement on technology signed by the three countries after the formation of the defence alliance AUKUS (Australia-UK-US).

About the AUKUS: AUKUS is a trilateral security pact signed between Australia, UK & USA in September 2021. The first major initiative of AUKUS would be to deliver a nuclear-powered submarine fleet for Australia.

Note: Australia Capital: Canberra; Australia Currency: Australian dollar; Australia Prime minister: Scott Morrison.

 

2. 8,573 Venezuelan musicians set world’s largest orchestra record: Venezuela has set a new Guinness World Record for the largest orchestra with 8,573 musicians playing together for more than five minutes. The record was set by the country’s National System of Youth and Children’s Orchestras, known as “El Sistema”. The previous such record for an orchestra was made by Russia when 8,097 musicians played together in St. Petersburg. The broadcast included a recording of Guinness World Records expert Susana Reyes announcing that the Venezuelan musicians had been successful in setting a new record after they played LaMarche Slave by Pyotr Tchaikovsky for more than five minutes.

Note: Venezuela Capital: Caracas; Venezuela Currency: Venezuelan bolívar; President of Venezuela: Nicolás Maduro.

 

OTHER UPDATES:

 

SPORTS

 

1. Kento Momota and An Seyoung wins 2021 Indonesia Masters Tournament: In badminton, Kento Momota of Japan beat Anders Antonsen of Denmark 21-17, 21-11 to win the men’s singles title at the 2021 Indonesia Masters Super 750 badminton tournament. The US$600,000 tournament was held at Bali in Indonesia from November 16 to 21, 2021. In women’s single, An Seyoung of South Korea defeated top-seed Akane Yamaguchi of Japan 21-17, 21-19 to win the title. List of winners of 2021 Indonesia Masters:

Men’s Single: Kento Momota (Japan)

Women’s Single: An Seyoung (South Korea)

Men’s Double: Takuro Hoki and Yugo Kobayashi (both of Japan)

Women’s Double: Nami Matsuyama and Chiharu Shida (both of Japan)

Mixed Double:  Dechapol Puavaranukroh and Sapsiree Taerattanachai (both of Thailand)

 

2. Geoff Allardice appointed as Permanent CEO of ICC: The International Cricket Council (ICC) has appointed Geoff Allardice as the permanent CEO of the International Cricket governing body. He was serving as interim CEO for more than eight months. He replaces Manu Sawhney who officially resigned from his position in July 2021. Allardice, a former Australian first-class cricketer and administrator, was the ICC General Manager, Cricket for eight years. He had previously held a similar role at Cricket Australia.

Note: ICC Headquarters: Dubai, United Arab Emirates; ICC Founded: 15 June 1909; ICC Deputy Chairman: Imran Khwaja; ICC Chairman: Greg Barclay.

 

BANKING AND FINANCE

 

1. RBI authorized RBL Bank to collect Direct Taxes: Reserve Bank of India (RBI) authorized RBL Bank to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT) based on a recommendation from the Controller General of Accounts, Ministry of Finance and Government of India. Now, the customers of RBL Bank could pay their direct taxes through RBL Bank’s mobile banking or net banking platforms or through branch banking networks.

About the Bank:

(1) RBL Bank is one of India’s leading private sector banks with an expanding presence across the country.

(2) The Bank offers specialized services under five business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury and Financial Markets Operations.

(3) It currently services over 9.97 million customers through a network of 445 branches, 1,435 business correspondent branches (of which 271 banking outlets) and 386 ATMs spread across 28 Indian states and Union Territories.

Note: RBL Bank Founded: 1943; RBL Bank Headquarters: Mumbai, Maharashtra; RBL Bank CEO & MD: Vishwavir Ahuja; RBL Bank Tagline: Apno Ka Bank.

 

BUSINESS AND ECONOMY

 

1. SBI Ecowrap report projects India’s GDP for FY22 between 9.3%-9.6%: State Bank of India (SBI) economists in its research report “Ecowrap”, has revised upwards the GDP growth projection for India to the range of 9.3%-9.6% for FY22 (2021-22). Earlier this was estimated in the range of 8.5%-9%. The reason for the upward revision is a decline in the number of COVID cases. The analysis suggested that “India remained unscathed in Q3 from the global situation, which is marred by supply disruptions, stubborn inflation and surges of infections during Q3 2021.” As per the report, India has recorded only an 11 per cent increase in Covid-19 cases during Q3 this year the second-lowest among the top 15 most affected countries.

 

2. EPFO gets permission to park 5% of annual deposits in InvITs: The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) have approved that up to 5 per cent of the annual deposits can be invested in alternative investment funds (AIFs) including infrastructure investment trusts (InvITs). This investment will offer diversification to the EPFO’s investment basket. The Finance Investment and Audit Committee (FIAC) have been tasked to decide upon the investment options, on a case-to-case basis. However, the board has also decided to focus only on government-backed alternatives, which are category one funds like public sector InvITs and bonds. The AIFs are regulated by the Securities and Exchange Board of India (SEBI).

 

AWARDS AND HONOURS

 

1. Pratham NGO won Indira Gandhi Peace Prize 2021: Pratham NGO has been awarded the Indira Gandhi Peace Prize 2021 for its work on expanding the scope for education in India. Its pioneering work for more than a quarter-century in ensuring that every child has access to quality education. Its innovative use of digital technology to deliver education. Its regular evaluation of the quality of education. Its timely response in making children learn amid Covid-19 restrictions.

About Pratham NGO: Pratham NGO is an innovative learning organization, which was created to improve education quality in India. The NGO was co-founded by Farida Lambay and Madhav Chavan in 1995. It is one of the largest non-governmental organisations in India. It focuses on high-quality, low-cost, and replicable interventions for addressing the gaps in the education system. It was established in 1994 in Mumbai to give pre-school education for children in slums.

About the Indira Gandhi Peace Prize: The Indira Gandhi Peace Prize is an annual prestigious award. It has been named after former prime minister Indira Gandhi. It is conferred every year since 1968 by Indira Gandhi Memorial Trust.  It consists of a monetary award of ₹25 lakh along with a citation.

 

2. Anita Desai awarded Tata Literature Live! Lifetime Achievement Award: India’s one of the best-selling authors, Anita Desai has been conferred with the Tata Literature Live! Lifetime Achievement Award for 2021 to recognise her long literary career which spans over 50 years. Meanwhile, the Poet Laureate award for 2021 has been conferred upon Indian poet Adil Jussawala. Both these awards are presented to recognise exceptional work which has made a significant impact in the Indian literary field.

The Twelfth Edition of Tata Literature Live! The Mumbai Litfest was organised from November 18th to 21st 2021. She has received several awards and honours in the course of her long-spanning literary career, including the Padma Bhushan, Sahitya Akademi Award and later Fellowship, and the Benson Medal of the Royal Society of Literature.