CURRENT AFFAIRS: IMPORTANT DAYS
Constitution Day: 26th November
- Constitution day 2022 is observed on the 26th of November 2022.
- On November 26, 1949, the Constituent Assembly of India formally adopted the Constitution of India.
- It came into force on January 26, 1950.
- Constitution Day aims to bring awareness about the importance of the Constitution and Dr. B R Ambedkar.
- Bhimrao Ramji Ambedkar, chairman of the drafting committee, is considered to be the chief architect of the Constitution of India.
- He is also called the Father of the Indian Constitution.
- The Constitution of India was drafted by the members of the Constituent Assembly.
CURRENT AFFAIRS: NATIONAL NEWS
Startup Applications for Registration on the MAARG Portal Have Been Introduced by DPIIT:
- Startup applications for registration on the MAARG site, the National Mentorship Platform by Startup India, were made available by the Department for Promotion of Industry and Internal Trade (DPIIT).
- The application’s goal is to catalyze the startup culture and create a robust, inclusive ecosystem for innovation and entrepreneurship in India, thereby enhancing the startup ecosystem.
- A one-stop platform, the MAARG portal (Mentorship, Advisory, Assistance, Resilience, and Growth) enables mentorship for entrepreneurs across various industries, roles, stages, locations, and backgrounds.
- Three steps, including mentor onboarding, startup onboarding, the launch of the MAARG portal, and mentor matching, make up the operationalization of the MAARG.
- The onboarding process for businesses in Phase II has started, according to the Ministry of Commerce and Industry, with the final launch where the mentors will be matched to the startups.
In July–September 2022, India’s unemployment rate declines to 7.2%:
- According to the National Statistical Office (NSO), the unemployment rate for people aged 15 and over in urban areas decreased from 9.8% in July to September of last year to 7.2% in July–September of this year.
- According to the National Statistical Office’s most recent Periodic Labour Force Survey (PLFS), India’s urban unemployment rate decreased to 7.2% for the fifth consecutive quarter in the July to September 2022-23 (FY23) period.
- Since the NSO began conducting India’s first computer-based poll in April 2017, the unemployment rate in current weekly status terms for all ages in the September quarter (second quarter or Q2) of FY23 has been at its lowest level.
About Periodic Labour Force Survey (PLFS):
- In April 2017, NSO released PLFS.
- A quarterly bulletin is published based on the PLFS and provides estimates for the following labour force indicators: the unemployment rate, the worker population ratio (WPR), the labour force participation rate (LFPR), the distribution of workers by broad status in employment, and the industry of work in the CWS.
India’s government releases its first suicide prevention strategy:
- The National Suicide Prevention Strategy, the first-of-its-kind government initiative to make suicide prevention a top priority for public health, was unveiled by the Ministry of Health and Family Welfare.
- The government claims that the strategy will lay the groundwork for promoting mental health and preventing suicides in the ensuing ten years.
- By 2023, the policy hopes to reduce suicide mortality in the nation by 10%.
- The strategy offers a framework for numerous stakeholders to carry out initiatives for the nation’s suicide prevention.
- In the first three years, it aims to create reliable suicide surveillance systems.
- In addition, it aims to create psychiatric outpatient units that will offer suicide prevention services through the District Mental Health Programme in all districts over the course of the following five years.
- Thirdly, within the next eight years, it wants to implement a mental health curriculum in every educational setting.
- The National Suicide Prevention Strategy’s fourth goal is to increase program quality by enhancing suicide surveillance and further evidence creation through evaluation.
Prasar Bharati commemorates its Silver Jubilee, or 25 years:
- Prasar Bharati celebrated its silver jubilee, or 25 years since it was founded.
- It was established as a legally independent body by a Parliamentary Act on this day in 1997.
- It includes All India Radio and Doordarshan. According to Prasar Bharati CEO Gaurav Dwivedi, during the challenges that the nation and the world have faced, Prasar Bharati has steadfastly stood with the people.
- It was founded in 1997 and is currently India’s largest statutory autonomous public broadcasting organization.
- It was created by a Parliamentary Act and comprises the All India Radio and Doordarshan Television Network.
- The Prasar Bharati Act, which established the Indian Broadcasting Corporation, was approved by Parliament in September 1990.
- This act included provisions for the creation of Prasar Bharati, the Broadcasting Corporation of India.
About Prasar Bharati
- Headquarters: New Delhi
- CEO: Gaurav Dwivedi
CURRENT AFFAIRS : INTERNATIONAL NEWS
Qatar signs world’s ‘longest’ gas supply deal with China
- QatarEnergy announced a 27-year natural gas supply deal with China calling it the “longest” ever seen as it strengthened ties with Asia while Europe scrambles for alternative sources.
- The state energy company will send 4 million tonnes of liquefied natural gas annually from its new North Field East project to China Petroleum and Chemical Corporation (Sinopec).
- The deal “marks the longest gas supply agreement in the history of the LNG industry”.
- Asian countries led by China, Japan and South Korea are the main market for Qatar’s gas, which is increasingly being sought by European countries since Russia’s invasion of Ukraine.
Note :
- Qatar’s energy minister and QatarEnergy’s chief executive : Saad Sherida al-Kaabi
CURRENT AFFAIRS : STATE NEWS
Assam Government Launches New Tourism Policy – Assam Tourism Policy 2022
- The Assam Government has decided to launch a new Tourism Policy -Assam Tourism Policy 2022, in a bid to further the growth of the tourism sector in Assam.
- The new tourism policy was unveiled on the sidelines of ‘Assam Tourism Road Show 2022’, hosted by the Department of Tourism, Government of Assam.
Goal :
- To promote sustainability by limiting the negative effects of tourism on social, environmental, and economic sectors while ensuring the positive effects.
About Assam Tourism Policy 2022 :
Mission of the policy :
- To create a framework and strategic roadmap in collaboration with central ministries, various state government departments, local communities and tourism stakeholders to improve the tourism sector in Assam
- It aims to guarantee and safeguard the effective standardization of processes and practices to foster uniformity, which can result in sustainability and an overall improvement in the quality of tourism products.
About Assam Tourism Development Corporation :
- Founded : 9 June 1988
- Headquarters : Guwahati, India
- Chairman : Rituparna Baruah
- MD : Kumar Padmapani Bora
- Slogan : “Awesome Assam.
About Assam :
- Governor : Jagdish Mukhi
- Chief Minister : Himanta Biswa Sarma
- Capital : Dispur
- National Park : Kaziranga National Park, Raimona National Park, Manas National Park
- Wildlife Sanctuaries : Chakrashila Wildlife Sanctuary, Nambor Wildlife Sanctuary, Sonai Rupai Wildlife Sanctuary
Madurai’s Arittapatti village notified as Tamil Nadu’s ‘First Biodiversity Heritage Site’
- The Tamil Nadu government issued a notification declaring the Arittapatti village near Melur in Madurai district, Tamil Nadu (TN) as a biodiversity heritage site under Section 37 of the Biological Diversity Act, 2002.
- It is Tamil Nadu’s first & India’s 35th Biodiversity Heritage Site (BHS).
Key Highlights :
- The Site spreads in an area of 215 hectares in Arittapatti and Meenakshipuram villages in the Madurai district.
- The notification comes under the Section 37 of the Biological Diversity Act, 2002, and will strengthen biodiversity conservation and protect from rapid loss of biodiversity.
- Arittapatti village is known to have a rich biological and historical significance with the presence of around 250 bird species including 3 flagship Raptor species – Laggar Falcon, Shaheen Falcon, Bonelli’s Eagle, and wildlife like Pangolin, Python, and Slender Loris.
- Arittapatti consists of a chain of 7 barren granite hillocks.
- It supports 72 lakes, 200 natural spring pools, and 3 check dams.
- The region also has historical importance – Tamil Brahmi inscriptions, Jain Beds, and Rock-cut temples which are 2,200 years old.
- Further, the Government of Tamil Nadu considers that the 7 inselbergs of Arittapatti will be of adequate biodiversity importance.
- There are 4 Biodiversity Hotspots in India – Himalaya, Indo-Burma, Sunderland, and the Western Ghats.
What is a Biodiversity Heritage Site?
- Biodiversity Heritage Sites (BHS) are areas that are unique, ecologically fragile ecosystems having rich biodiversity consisting of any one or more endemic species, keystone species, or fossil beds or components having cultural or esthetic values.
About Tamil Nadu :
- Governor: R. N. Ravi
- Chief minister: M. K. Stalin
- Capital: Chennai
- Dance : Bharatnatyam, Karakattam
- National Park : Mudumalai National Park, Mukurthi National Park, Guindy National Park, Gulf of Mannar Marine National Park
- Wildlife Sanctuaries : Kalakad Wildlife sanctuary, Karikili Bird Sanctuary, Vedanthangal Bird Sanctuary
- Tiger Reserve : Anamalai Tiger Reserve
- Biosphere Reserve : Agasthyamalai Biosphere Reserve
CURRENT AFFAIRS : BANKING & FINANCE
HDFC Bank partners with Flywire to offer Digitize Education Payments from India
- HDFC Bank Limited has partnered with Flywire Corporation, a global payments enablement and software company, to help Indian payers to easily pay international education fees to higher education institutions digitally.
About the Partnership :
- The collaboration between HDFC Bank and Flywire offers a new method to international education payments that benefits both students and
- The connection enables a smooth and digital payment experience.
- The integration also simplifies the compliance procedure for the Reserve Bank of India’s Liberalised Remittance Scheme (LRS), which allows Indian residents to transmit up to $250,000 USD overseas per fiscal year.
- HDFC Bank works directly with Flywire’s platform, giving Indian students a fully digital checkout experience for everything from application fees to tuition payments.
- Students can pay in Indian rupees and enjoy a safe and simple payment experience, with the confidence that the funds will be delivered to the educational institution.
- According to the 2022 Open Doors Report, approximately 200,000 Indian students studied in the United States during the academic year 2021-2022, a 19% increase over the previous year.
About Flywire Corporation :
- Founded : 31 July 2009
- Headquarters : Boston, Massachusetts, United States
- CEO : Mike Massaro
About HDFC Bank Limited :
- Founded : August 1994
- Headquarters : Mumbai, Maharashtra, India
- CEO : Sashidhar Jagdishan
Federal Bank launches NRE deposits with higher interest rates
- Federal Bank launched a deposit scheme for Non Resident Indians (NRIs) titled ‘Deposit Plus’, which offers higher interest than the existing Non-Residential External (NRE) NRE fixed deposits.
- The maximum interest rate offered in this scheme is50 percent for a tenure of 700 days.
Key Highlights :
- The interest accrued on this scheme will be added to the principal (reinvestment plan) on a quarterly basis.
- It is an opportunity for non-residents to invest their funds as the interest earned is exempt from income tax.
- The deposits cannot be closed prematurely.
- However, customers have the option of availing loans up to 75% of the deposit amount in the event funds are required prior to maturity.
About Federal Bank :
- Headquarters : Aluva, Kochi, Kerala, India
- CEO : Shyam Srinivasan
- Tagline : Your Perfect Banking Partner
Bank of Baroda opens its first dedicated mid-corporate branch in Kochi
- Bank of Baroda (BoB) has opened its first mid-corporate Branch in Kerala at Kochi.
- The branch was inaugurated by Debadatta Chand, Executive Director in the presence of Rengarajan, GM (Head – Mid Corporate Cluster South) and Sreejith Kottarathil, Zonal Head-Ernakulam.
- The key focus of the mid corporate branch is to increase corporate book size and income to improve turnaround time (TAT) for corporate proposals and provide enhanced service to corporate customers
- The branch will cater to mid-corporate, large corporate, and PSU borrowers and provide corporate loans, trade finance, forex, and cash management services.
About BoB :
- Founded : 20 July 1908
- Headquarters : Vadodara, Gujarat, India
- MD & CEO : Sanjiv Chadha
BillBox unveils wearable device for contactless payments
- BillBox, one of the leading customized solution providers in the payments & merchant ecosystem in India has launched a disruptive product – TapTap – in association with NSDL Payments Bank & Visa.
Aim:
- To simplify payments and offer users convenience.
- It has been launched with silicon band, silicon strap and silicon loop which will be available in white, black and blue colors
Key Highlights :
- TapTap is a program manager & fintech pioneer in prepaid & gift card programs.
- The tap-tap technology will be used to accessorize payments made using wearable contactless payment devices and will speed up the rollout of co-branded, customized prepaid cards.
About NSDL Payments Bank :
- Founded : Mumbai, Maharashtra
- Headquarters : Mumbai, Maharashtra
- President : Ashutosh Singh
- MD & CEO : Abhijit Kamalapurkar
Note :
- Managing Director and CEO of TapTap : Viraj Majmudar
Airtel Payments Bank rolls-out e-KYC based on face authentication for opening savings account
- Airtel Payments Bank, a fintech subsidiary of Bharti Airtel, has launched a Face Authentication-based savings bank account opening for
Note :
- Airtel Payments Bank is the first Payments Bank in the country to offer this facility.
- The Business Correspondents (BCs) of the bank would be able to open an account for the user just by undertaking the face authentication e-KYC (Know Your Customer).
Features :
- The facility will further ease the account opening process making it seamless & convenient for customers.
- The authentication is processed using a newly developed mobile application by the Unique Identification Authority of India (UIDAI)
- Airtel Payments Bank will make this service available across all of its 500,000 banking points by the end of
- The KYC facility uses Artificial Intelligence (AI)/Machine Learning (ML) based Face Authentication Registered Device (RD) Application, which helps in the prevention of fraudulent activities by cross-checking an individual’s photo with the image captured in Aadhaar and allows secure customer onboarding.
- Till now, to open an account with Airtel Payments Bank, the Aadhaar based OTP or fingerprint biometric authentication was carried out.
Recent News :
- Airtel Payments Bank integrated with the National Payments Corporation of India’s (NPCI) – National Financial Switch (NFS) to facilitate Micro ATM transactions for debit card users residing beyond the metro and tier 1 cities in India.
About Airtel Payments Bank :
- Founded : 2017
- Headquarters : Gurugram, Haryana
- MD & CEO : Anubrata Biswas
- In January 2022, it was granted the scheduled bank status by the Reserve Bank of India under the second schedule of the RBI Act, 1934.
SEBI frames guidelines for AIFs for declaring first close of a scheme
- Market regulator Securities and Exchange Board of India (SEBI) came out with guidelines for alternative investment funds (AIFs) for declaring the first close of a scheme.
- It has also specified the manner of calculating the tenure of a close-ended scheme of an AIF and prescribed a fee for change in control of the manager or sponsor.
About the guidelines :
- The first close of a scheme is required to be declared not later than 12 months from the date of the capital markets regulator’s communication for taking the Private Placement Memorandum (PPM) of the scheme on record.
- In the case of open-ended schemes of Category III AIFs, the first close would refer to the close of their Initial Offer Period.
- The fee would be paid within 15 days of effecting the proposed change in manager/sponsor or change in control of manager/sponsor.
About SEBI :
- Established : 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992.
- Headquarters : Mumbai, Maharashtra
- Chairman : Madhabi Puri Buch
- SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance within the GoI.
OECD – Global growth to slow to 3.1% in 2022, 2.2% in 2023
- According to the Organization for Economic Cooperation and Development (OECD) Economic Outlook Nov 2022, Global gross domestic product (GDP) growth is projected to slide from 3.1 % in 2022 to 2.2% in 2023.
Reason :
- Tighter monetary policy, higher real interest rates, soaring energy prices, weak real household income growth
Key Highlights :
- The United States economy would only grow by 0.5% in 2023, compared with 1.8% in 2022.
- India which is projected to have the world’s second-highest growth rate in 2022, after Saudi Arabia with a 6.6% but may face a slowdown next year with an estimated 5.7% growth.
- Meanwhile, China is projected to grow just 3.3% in 2022 and 4.6% in 2023.
About OECD :
- Founded : 1961
- Headquarters : Paris, France
- Secretary general : Mathias Cormann
CURRENT AFFAIRS: BUSINESS NEWS
AYUSH increases from US$ 3 billion to US$ 18 billion:
- According to Union Ayush Minister Shri Sarbananda Sonowal, AYUSH revenue increased by 17% between 2014 and 20 to reach US$18.1 billion.
- Speaking at the ‘AYUR-UDYAMAH’ inauguration in New Delhi, the Minister also unveiled the RIS study titled ‘AYUSH Sector in India: Prospects and Challenges.
- The All-India Institute of Ayurveda – Incubation Centre for Innovation and Entrepreneurship (AIIA ICAINE), a groundbreaking incubation facility run by the Ministry of Ayush to support startups, was also unveiled at the event.
- The union minister for Food and Processing Industries, Shri Pashupati Paras Ji, introduced AIIA ICAINE.
- Despite a decline in economic activity in 2020 due to the pandemic, the industry is predicted to reach US$ 20.6 billion in 2021 and US$ 23.3 billion in 2022, according to the Research and Information System for Developing Countries (RIS)
India’s Current Account Deficit Is Estimated to Be 3–2.2% of GDP in FY23:
- According to Chief Economic Advisor (CEA) V Anantha Nageswaran, the country’s current account deficit for FY23 is predicted to be between three and three and a half per cent of GDP due to strong domestic economic growth and an increase in oil import costs.
- In contrast to a surplus of 0.9% in 2020–21, India’s current account balance showed a deficit of 1.2% of GDP in 2021–22.
- The Reserve Bank of India anticipates that the CAD will have marginally increased in the first half of 2022 (April to September), but contract in the second half (October 2022-March 2023).
- For FY23, the total amount of CAD is predicted to be less than 3% of GDP.
- According to India’s chief economist, V Anantha Nageswaran, a real GDP growth rate of 6.5-7.5% in 2022–2023 is feasible to assume at this time, despite new concerns brought on by rising oil prices.
CURRENT AFFAIRS: AWARDS AND HONOURS
Rajendra Pawar receives the FICCI Lifetime Achievement Award in 2022:
- At the 8th FICCI Higher Education Excellence Awards ceremony, the Federation of Indian Chambers of Commerce & Industry (FICCI) presented Rajendra Singh Pawar, Chairman & Founder, of NIIT, with the “Lifetime Achievement Award 2022.”
- The award honours Pawar for his outstanding work and significant contributions to education as well as for founding the IT Training sector.
- A high-level jury panel, chaired by Dr R. A. Mashelkar, former director general of CSIR and professor at the Institute of Chemical Technology in Mumbai, made the selection of the award.
- The development of trained labor to fuel the Indian IT industry’s expansion has been a major contribution made by NIIT.
- Through the not-for-profit NIIT University, he is currently working to build an innovative model in Higher Education in addition to reinventing the IT Training sector.
About FICCI:
- President: Sanjiv Mehta
- Founded: 1927
- Headquarters: New Delhi
- Founder: Ghanshyam Das Birla
Govt appoints 10 Executive Directors for public sector banks
- The Appointments Committee of the Cabinet (ACC) has approved the appointment of 10 Executive Directors in various Public Sector Banks (PSBs) for a three-year period.
List of 10 Executive Directors :
- Lalit Tyagi – Executive Director of Bank of Baroda (BoB)
- Binod Kumar – ED of the Punjab National Bank (PNB)
- Sanjay Vinayak Mudaliyar – Executive Director in Indian Overseas Bank.
- Rajendra Kumar Saboo – Executive Director in UCO Bank
- Malladi Venkat Murali Krishna – Executive Director ni Central Bank of India
- Subrat Kumar – Executive Director of Bank of India.
- M. Paramasivam – Executive Director in Punjab National Bank
- Mahesh Kumar Bajaj – Executive Director in Indian Bank.
- S Ramasubramanian – Executive Director in Union Bank of India
- Ashok Chandra – Executive Director at Canara Bank
- The union government decided to increase the term of wholetime directors in public sector banks, including MD & CEOs, to 10 years, from 5 years, a move aimed to bring in younger talent in the top position.
IRSEE Vinit Kumar appointed as CEO of KVIC
- Shri Vinit Kumar has taken charge as the chief executive officer of Khadi & Village Industries Commission (KVlC), Mumbai, Maharashtra.
About Vinit Kumar :
- Shri Vinit Kumar, an IRSEE officer of 1993 batch.
- He has served as the Chairman of Syama Prasad Mukherjee Port, Kolkata (erstwhile Shyama Prasad Mukherjee Port, Kolkata from 2018-2020.
- He has served as Chief Electrical Engineer in Mumbai Railway Vikas Corporation Ltd. and looked after World Bank funded MUTP projects.
- He had served as Secretary, Central Railway and gained experience in general administration.
- He also worked in Pune and Nagpur in independent charge of traction assets and locomotive workshop.
- He has been instrumental in the growth of regional connectivity comprising neighboring countries and the North – East region.
- He has focused on excelling in business relations with Bangladesh, Nepal, Bhutan, Myanmar and Thailand through various strategic initiatives.
About KVIC :
- Founded : 1957
- Headquarters : Mumbai, Maharashtra, India
- Chairman : Manoj Kumar
- KVIC is a statutory body under the Act of Parliament, ‘Khadi and Village Industries Commission Act of 1956’.
- It is an apex organization under the Ministry of Micro, Small and Medium Enterprises
CURRENT AFFAIRS: SPORTS NEWS
Bhukya from Telangana and Patri from Odisha both won national U-13 badminton titles:
- Nishanth Bhukya of Telangana and Tanvi Patri of Odisha won the boys’ and girls’ singles titles at the 34th Under-13 National Badminton Championships, respectively, with contrasting victories at the UP-Badminton Academy.
- While Patri needed just 22 minutes to defeat local challenger and 15th-seeded Divyanshi Gautam 21-7, 21-10, fourth-seeded Bhukya defeated Andhra Pradesh’s Akhil Reddy Boba 19-21, 21-12, 22-20.
- Patri recently won her first National U-13 Ranking Tournament in Maharashtra, and she played brilliantly against Gautam from Agra.
- To win the opening game, Patri successfully tossed and placed the shuttle while using cross-court volleys to keep Gautam on the defensive.
- After falling behind 5-9 in the second round, Gautam attempted to close the gap by dribbling the shuttle at the net, but Patri was too skilled with her placements and forced Gautam to make a string of unforced errors before winning both the game and the match.
- Boba proved to be quite difficult for Bhukya to handle in the boy’s final as the Andhra shuttler sprinted to a 15-11 lead before winning the game at 21-19.
- Following a change of ends, fourth-seeded Bhukya defeated Boba by rallying from behind.
- After pulling parity at 20 all, it was neck-and-neck in the decider, but Bhukya managed his nerves to win it.
CURRENT AFFAIRS : SCIENCE & TECHNOLOGY
ISRO conducts 200th consecutive successful launch of RH200 sounding rocket
- The versatile sounding rocket of Indian Space Research Organisation (ISRO),Rohini RH200, registered its 200th consecutive successful launch from the Thumba Equatorial Rocket Launching Station, Thiruvananthapuram, Kerala.
- The ‘200’ in the name denotes the diameter of the rocket in mm.
- The event will take place in the presence of former Indian president Ram Nath Kovind, Chairman, ISRO, Dr S Somanath and Director, VSSC, Dr. S. Unnikrishnan Nair and officials from the space agency.
About Rohini RH200 :
- The RH-200 has a maximum launch altitude of 70 kilometers (43 mi).
- Sounding rockets are small, low-cost, solid-fuelled rockets meant for experimental purposes, meteorology, and atmospheric studies. .
- These rockets take far less time to assemble and launch, given that they use solid fuel, which is less sophisticated when compared to liquid fuels.
- Typically, sounding rockets are launched at sub-orbit (less than 100 kilometers) in altitude and are not spacefaring rockets.
- At present, India operates three sounding rocket variants —RH-200, RH-300-Mk-II and RH-560-Mk-III.
- These cover a payload range of 8 to 100 kg and can fly to an altitude of 75-550 kms.
- November 21, 1963, is widely regarded as the beginning of the Indian Space programme, as the maiden launch of the sounding rocket took place from the then Thumba Equatorial Rocket Launching Station (now a part of the larger VSSC campus).
About ISRO :
- Founded : 15 August 1969
- Headquarters : Bangalore, India
- Chairman : S Somanath
CURRENT AFFAIRS : OBITUARIES
Ex-Odisha Minister Golak Naik Passes away
- Former Minister, Golak Bihari Naik has passed away at the age of 65.
About Golak Bihari Naik :
- Naik started his political career with BJP and later joined the Biju Janata Dal (BJD).
- He became a first time legislator from Khunta assembly constituency in
- Notably, he was elected thrice to the Odisha Legislative Assembly– twice as a BJP candidate from Khunta constituency and once as BJD candidate from Udala constituency.
- He served as a minister in the Naveen Patnaik-led government from 2000 to 2009.
- He represented Udala assembly constituency as BJD MLA from 2014 -2019.
- He had served as minister of the Textiles, Fisheries and Animal Resources in the BJD-BJP coalition government.
Daily CA on November 26:
- Constitution day 2022 is observed on the 26th of November 2022.
- Startup applications for registration on the MAARG site, the National Mentorship Platform by Startup India, were made available by the Department for Promotion of Industry and Internal Trade (DPIIT).
- According to the National Statistical Office (NSO), the unemployment rate for people aged 15 and over in urban areas decreased from 9.8% in July to September of last year to 7.2% in July–September of this year.
- The National Suicide Prevention Strategy, the first-of-its-kind government initiative to make suicide prevention a top priority for public health, was unveiled by the Ministry of Health and Family Welfare.
- Prasar Bharati celebrated its silver jubilee, or 25 years since it was founded.
- According to Union Ayush Minister Shri Sarbananda Sonowal, AYUSH revenue increased by 17% between 2014 and 20 to reach US$18.1 billion.
- QatarEnergy announced a 27-year natural gas supply deal with China calling it the “longest” ever seen as it strengthened ties with Asia while Europe scrambles for alternative sources.
- The Assam Government has decided to launch a new Tourism Policy -Assam Tourism Policy 2022, in a bid to further the growth of the tourism sector in Assam.
- The Tamil Nadu government issued a notification declaring the Arittapatti village near Melur in Madurai district, Tamil Nadu (TN) as a biodiversity heritage site under Section 37 of the Biological Diversity Act, 2002.
- HDFC Bank Limited has partnered with Flywire Corporation, a global payments enablement and software company, to help Indian payers to easily pay international education fees to higher education institutions digitally.
- Federal Bank launched a deposit scheme for Non Resident Indians (NRIs) titled ‘Deposit Plus’, which offers higher interest than the existing Non-Residential External (NRE) NRE fixed deposits.
- Bank of Baroda (BoB) has opened its first mid-corporate Branch in Kerala at Kochi.
- BillBox, one of the leading customized solution providers in the payments & merchant ecosystem in India has launched a disruptive product – TapTap – in association with NSDL Payments Bank & Visa.
- Airtel Payments Bank, a fintech subsidiary of Bharti Airtel, has launched a Face Authentication-based savings bank account opening for customers.
- Market regulator Securities and Exchange Board of India (SEBI) came out with guidelines for alternative investment funds (AIFs) for declaring the first close of a scheme.
- According to the Organization for Economic Cooperation and Development (OECD) Economic Outlook Nov 2022, Global gross domestic product (GDP) growth is projected to slide from 3.1 % in 2022 to 2.2% in 2023.
- The Appointments Committee of the Cabinet (ACC) has approved the appointment of 10 Executive Directors in various Public Sector Banks (PSBs) for a three-year period.
- Shri Vinit Kumar has taken charge as the chief executive officer of Khadi & Village Industries Commission (KVlC), Mumbai, Maharashtra.
- According to Chief Economic Advisor (CEA) V Anantha Nageswaran, the country’s current account deficit for FY23 is predicted to be between three and three and a half per cent of GDP due to strong domestic economic growth and an increase in oil import costs.
- At the 8th FICCI Higher Education Excellence Awards ceremony, the Federation of Indian Chambers of Commerce & Industry (FICCI) presented Rajendra Singh Pawar, Chairman & Founder, of NIIT, with the “Lifetime Achievement Award 2022.”
- Nishanth Bhukya of Telangana and Tanvi Patri of Odisha won the boys’ and girls’ singles titles at the 34th Under-13 National Badminton Championships, respectively, with contrasting victories at the UP-Badminton Academy.
- The versatile sounding rocket of Indian Space Research Organisation (ISRO),Rohini RH200, registered its 200th consecutive successful launch from the Thumba Equatorial Rocket Launching Station, Thiruvananthapuram, Kerala.
- Former Minister, Golak Bihari Naik has passed away at the age of 65.
CURRENT AFFAIRS: IMPORTANT DAYS
Constitution Day: 26th November
- Constitution day 2022 is observed on the 26th of November 2022.
- On November 26, 1949, the Constituent Assembly of India formally adopted the Constitution of India.
- It came into force on January 26, 1950.
- Constitution Day aims to bring awareness about the importance of the Constitution and Dr. B R Ambedkar.
- Bhimrao Ramji Ambedkar, chairman of the drafting committee, is considered to be the chief architect of the Constitution of India.
- He is also called the Father of the Indian Constitution.
- The Constitution of India was drafted by the members of the Constituent Assembly.
CURRENT AFFAIRS: NATIONAL NEWS
Startup Applications for Registration on the MAARG Portal Have Been Introduced by DPIIT:
- Startup applications for registration on the MAARG site, the National Mentorship Platform by Startup India, were made available by the Department for Promotion of Industry and Internal Trade (DPIIT).
- The application’s goal is to catalyze the startup culture and create a robust, inclusive ecosystem for innovation and entrepreneurship in India, thereby enhancing the startup ecosystem.
- A one-stop platform, the MAARG portal (Mentorship, Advisory, Assistance, Resilience, and Growth) enables mentorship for entrepreneurs across various industries, roles, stages, locations, and backgrounds.
- Three steps, including mentor onboarding, startup onboarding, the launch of the MAARG portal, and mentor matching, make up the operationalization of the MAARG.
- The onboarding process for businesses in Phase II has started, according to the Ministry of Commerce and Industry, with the final launch where the mentors will be matched to the startups.
In July–September 2022, India’s unemployment rate declines to 7.2%:
- According to the National Statistical Office (NSO), the unemployment rate for people aged 15 and over in urban areas decreased from 9.8% in July to September of last year to 7.2% in July–September of this year.
- According to the National Statistical Office’s most recent Periodic Labour Force Survey (PLFS), India’s urban unemployment rate decreased to 7.2% for the fifth consecutive quarter in the July to September 2022-23 (FY23) period.
- Since the NSO began conducting India’s first computer-based poll in April 2017, the unemployment rate in current weekly status terms for all ages in the September quarter (second quarter or Q2) of FY23 has been at its lowest level.
About Periodic Labour Force Survey (PLFS):
- In April 2017, NSO released PLFS.
- A quarterly bulletin is published based on the PLFS and provides estimates for the following labour force indicators: the unemployment rate, the worker population ratio (WPR), the labour force participation rate (LFPR), the distribution of workers by broad status in employment, and the industry of work in the CWS.
India’s government releases its first suicide prevention strategy:
- The National Suicide Prevention Strategy, the first-of-its-kind government initiative to make suicide prevention a top priority for public health, was unveiled by the Ministry of Health and Family Welfare.
- The government claims that the strategy will lay the groundwork for promoting mental health and preventing suicides in the ensuing ten years.
- By 2023, the policy hopes to reduce suicide mortality in the nation by 10%.
- The strategy offers a framework for numerous stakeholders to carry out initiatives for the nation’s suicide prevention.
- In the first three years, it aims to create reliable suicide surveillance systems.
- In addition, it aims to create psychiatric outpatient units that will offer suicide prevention services through the District Mental Health Programme in all districts over the course of the following five years.
- Thirdly, within the next eight years, it wants to implement a mental health curriculum in every educational setting.
- The National Suicide Prevention Strategy’s fourth goal is to increase program quality by enhancing suicide surveillance and further evidence creation through evaluation.
Prasar Bharati commemorates its Silver Jubilee, or 25 years:
- Prasar Bharati celebrated its silver jubilee, or 25 years since it was founded.
- It was established as a legally independent body by a Parliamentary Act on this day in 1997.
- It includes All India Radio and Doordarshan. According to Prasar Bharati CEO Gaurav Dwivedi, during the challenges that the nation and the world have faced, Prasar Bharati has steadfastly stood with the people.
- It was founded in 1997 and is currently India’s largest statutory autonomous public broadcasting organization.
- It was created by a Parliamentary Act and comprises the All India Radio and Doordarshan Television Network.
- The Prasar Bharati Act, which established the Indian Broadcasting Corporation, was approved by Parliament in September 1990.
- This act included provisions for the creation of Prasar Bharati, the Broadcasting Corporation of India.
About Prasar Bharati
- Headquarters: New Delhi
- CEO: Gaurav Dwivedi
CURRENT AFFAIRS : INTERNATIONAL NEWS
Qatar signs world’s ‘longest’ gas supply deal with China
- QatarEnergy announced a 27-year natural gas supply deal with China calling it the “longest” ever seen as it strengthened ties with Asia while Europe scrambles for alternative sources.
- The state energy company will send 4 million tonnes of liquefied natural gas annually from its new North Field East project to China Petroleum and Chemical Corporation (Sinopec).
- The deal “marks the longest gas supply agreement in the history of the LNG industry”.
- Asian countries led by China, Japan and South Korea are the main market for Qatar’s gas, which is increasingly being sought by European countries since Russia’s invasion of Ukraine.
Note :
- Qatar’s energy minister and QatarEnergy’s chief executive : Saad Sherida al-Kaabi
CURRENT AFFAIRS : STATE NEWS
Assam Government Launches New Tourism Policy – Assam Tourism Policy 2022
- The Assam Government has decided to launch a new Tourism Policy -Assam Tourism Policy 2022, in a bid to further the growth of the tourism sector in Assam.
- The new tourism policy was unveiled on the sidelines of ‘Assam Tourism Road Show 2022’, hosted by the Department of Tourism, Government of Assam.
Goal :
- To promote sustainability by limiting the negative effects of tourism on social, environmental, and economic sectors while ensuring the positive effects.
About Assam Tourism Policy 2022 :
Mission of the policy :
- To create a framework and strategic roadmap in collaboration with central ministries, various state government departments, local communities and tourism stakeholders to improve the tourism sector in Assam
- It aims to guarantee and safeguard the effective standardization of processes and practices to foster uniformity, which can result in sustainability and an overall improvement in the quality of tourism products.
About Assam Tourism Development Corporation :
- Founded : 9 June 1988
- Headquarters : Guwahati, India
- Chairman : Rituparna Baruah
- MD : Kumar Padmapani Bora
- Slogan : “Awesome Assam.
About Assam :
- Governor : Jagdish Mukhi
- Chief Minister : Himanta Biswa Sarma
- Capital : Dispur
- National Park : Kaziranga National Park, Raimona National Park, Manas National Park
- Wildlife Sanctuaries : Chakrashila Wildlife Sanctuary, Nambor Wildlife Sanctuary, Sonai Rupai Wildlife Sanctuary
Madurai’s Arittapatti village notified as Tamil Nadu’s ‘First Biodiversity Heritage Site’
- The Tamil Nadu government issued a notification declaring the Arittapatti village near Melur in Madurai district, Tamil Nadu (TN) as a biodiversity heritage site under Section 37 of the Biological Diversity Act, 2002.
- It is Tamil Nadu’s first & India’s 35th Biodiversity Heritage Site (BHS).
Key Highlights :
- The Site spreads in an area of 215 hectares in Arittapatti and Meenakshipuram villages in the Madurai district.
- The notification comes under the Section 37 of the Biological Diversity Act, 2002, and will strengthen biodiversity conservation and protect from rapid loss of biodiversity.
- Arittapatti village is known to have a rich biological and historical significance with the presence of around 250 bird species including 3 flagship Raptor species – Laggar Falcon, Shaheen Falcon, Bonelli’s Eagle, and wildlife like Pangolin, Python, and Slender Loris.
- Arittapatti consists of a chain of 7 barren granite hillocks.
- It supports 72 lakes, 200 natural spring pools, and 3 check dams.
- The region also has historical importance – Tamil Brahmi inscriptions, Jain Beds, and Rock-cut temples which are 2,200 years old.
- Further, the Government of Tamil Nadu considers that the 7 inselbergs of Arittapatti will be of adequate biodiversity importance.
- There are 4 Biodiversity Hotspots in India – Himalaya, Indo-Burma, Sunderland, and the Western Ghats.
What is a Biodiversity Heritage Site?
- Biodiversity Heritage Sites (BHS) are areas that are unique, ecologically fragile ecosystems having rich biodiversity consisting of any one or more endemic species, keystone species, or fossil beds or components having cultural or esthetic values.
About Tamil Nadu :
- Governor: R. N. Ravi
- Chief minister: M. K. Stalin
- Capital: Chennai
- Dance : Bharatnatyam, Karakattam
- National Park : Mudumalai National Park, Mukurthi National Park, Guindy National Park, Gulf of Mannar Marine National Park
- Wildlife Sanctuaries : Kalakad Wildlife sanctuary, Karikili Bird Sanctuary, Vedanthangal Bird Sanctuary
- Tiger Reserve : Anamalai Tiger Reserve
- Biosphere Reserve : Agasthyamalai Biosphere Reserve
CURRENT AFFAIRS : BANKING & FINANCE
HDFC Bank partners with Flywire to offer Digitize Education Payments from India
- HDFC Bank Limited has partnered with Flywire Corporation, a global payments enablement and software company, to help Indian payers to easily pay international education fees to higher education institutions digitally.
About the Partnership :
- The collaboration between HDFC Bank and Flywire offers a new method to international education payments that benefits both students and
- The connection enables a smooth and digital payment experience.
- The integration also simplifies the compliance procedure for the Reserve Bank of India’s Liberalised Remittance Scheme (LRS), which allows Indian residents to transmit up to $250,000 USD overseas per fiscal year.
- HDFC Bank works directly with Flywire’s platform, giving Indian students a fully digital checkout experience for everything from application fees to tuition payments.
- Students can pay in Indian rupees and enjoy a safe and simple payment experience, with the confidence that the funds will be delivered to the educational institution.
- According to the 2022 Open Doors Report, approximately 200,000 Indian students studied in the United States during the academic year 2021-2022, a 19% increase over the previous year.
About Flywire Corporation :
- Founded : 31 July 2009
- Headquarters : Boston, Massachusetts, United States
- CEO : Mike Massaro
About HDFC Bank Limited :
- Founded : August 1994
- Headquarters : Mumbai, Maharashtra, India
- CEO : Sashidhar Jagdishan
Federal Bank launches NRE deposits with higher interest rates
- Federal Bank launched a deposit scheme for Non Resident Indians (NRIs) titled ‘Deposit Plus’, which offers higher interest than the existing Non-Residential External (NRE) NRE fixed deposits.
- The maximum interest rate offered in this scheme is50 percent for a tenure of 700 days.
Key Highlights :
- The interest accrued on this scheme will be added to the principal (reinvestment plan) on a quarterly basis.
- It is an opportunity for non-residents to invest their funds as the interest earned is exempt from income tax.
- The deposits cannot be closed prematurely.
- However, customers have the option of availing loans up to 75% of the deposit amount in the event funds are required prior to maturity.
About Federal Bank :
- Headquarters : Aluva, Kochi, Kerala, India
- CEO : Shyam Srinivasan
- Tagline : Your Perfect Banking Partner
Bank of Baroda opens its first dedicated mid-corporate branch in Kochi
- Bank of Baroda (BoB) has opened its first mid-corporate Branch in Kerala at Kochi.
- The branch was inaugurated by Debadatta Chand, Executive Director in the presence of Rengarajan, GM (Head – Mid Corporate Cluster South) and Sreejith Kottarathil, Zonal Head-Ernakulam.
- The key focus of the mid corporate branch is to increase corporate book size and income to improve turnaround time (TAT) for corporate proposals and provide enhanced service to corporate customers
- The branch will cater to mid-corporate, large corporate, and PSU borrowers and provide corporate loans, trade finance, forex, and cash management services.
About BoB :
- Founded : 20 July 1908
- Headquarters : Vadodara, Gujarat, India
- MD & CEO : Sanjiv Chadha
BillBox unveils wearable device for contactless payments
- BillBox, one of the leading customized solution providers in the payments & merchant ecosystem in India has launched a disruptive product – TapTap – in association with NSDL Payments Bank & Visa.
Aim:
- To simplify payments and offer users convenience.
- It has been launched with silicon band, silicon strap and silicon loop which will be available in white, black and blue colors
Key Highlights :
- TapTap is a program manager & fintech pioneer in prepaid & gift card programs.
- The tap-tap technology will be used to accessorize payments made using wearable contactless payment devices and will speed up the rollout of co-branded, customized prepaid cards.
About NSDL Payments Bank :
- Founded : Mumbai, Maharashtra
- Headquarters : Mumbai, Maharashtra
- President : Ashutosh Singh
- MD & CEO : Abhijit Kamalapurkar
Note :
- Managing Director and CEO of TapTap : Viraj Majmudar
Airtel Payments Bank rolls-out e-KYC based on face authentication for opening savings account
- Airtel Payments Bank, a fintech subsidiary of Bharti Airtel, has launched a Face Authentication-based savings bank account opening for
Note :
- Airtel Payments Bank is the first Payments Bank in the country to offer this facility.
- The Business Correspondents (BCs) of the bank would be able to open an account for the user just by undertaking the face authentication e-KYC (Know Your Customer).
Features :
- The facility will further ease the account opening process making it seamless & convenient for customers.
- The authentication is processed using a newly developed mobile application by the Unique Identification Authority of India (UIDAI)
- Airtel Payments Bank will make this service available across all of its 500,000 banking points by the end of
- The KYC facility uses Artificial Intelligence (AI)/Machine Learning (ML) based Face Authentication Registered Device (RD) Application, which helps in the prevention of fraudulent activities by cross-checking an individual’s photo with the image captured in Aadhaar and allows secure customer onboarding.
- Till now, to open an account with Airtel Payments Bank, the Aadhaar based OTP or fingerprint biometric authentication was carried out.
Recent News :
- Airtel Payments Bank integrated with the National Payments Corporation of India’s (NPCI) – National Financial Switch (NFS) to facilitate Micro ATM transactions for debit card users residing beyond the metro and tier 1 cities in India.
About Airtel Payments Bank :
- Founded : 2017
- Headquarters : Gurugram, Haryana
- MD & CEO : Anubrata Biswas
- In January 2022, it was granted the scheduled bank status by the Reserve Bank of India under the second schedule of the RBI Act, 1934.
SEBI frames guidelines for AIFs for declaring first close of a scheme
- Market regulator Securities and Exchange Board of India (SEBI) came out with guidelines for alternative investment funds (AIFs) for declaring the first close of a scheme.
- It has also specified the manner of calculating the tenure of a close-ended scheme of an AIF and prescribed a fee for change in control of the manager or sponsor.
About the guidelines :
- The first close of a scheme is required to be declared not later than 12 months from the date of the capital markets regulator’s communication for taking the Private Placement Memorandum (PPM) of the scheme on record.
- In the case of open-ended schemes of Category III AIFs, the first close would refer to the close of their Initial Offer Period.
- The fee would be paid within 15 days of effecting the proposed change in manager/sponsor or change in control of manager/sponsor.
About SEBI :
- Established : 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992.
- Headquarters : Mumbai, Maharashtra
- Chairman : Madhabi Puri Buch
- SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance within the GoI.
OECD – Global growth to slow to 3.1% in 2022, 2.2% in 2023
- According to the Organization for Economic Cooperation and Development (OECD) Economic Outlook Nov 2022, Global gross domestic product (GDP) growth is projected to slide from 3.1 % in 2022 to 2.2% in 2023.
Reason :
- Tighter monetary policy, higher real interest rates, soaring energy prices, weak real household income growth
Key Highlights :
- The United States economy would only grow by 0.5% in 2023, compared with 1.8% in 2022.
- India which is projected to have the world’s second-highest growth rate in 2022, after Saudi Arabia with a 6.6% but may face a slowdown next year with an estimated 5.7% growth.
- Meanwhile, China is projected to grow just 3.3% in 2022 and 4.6% in 2023.
About OECD :
- Founded : 1961
- Headquarters : Paris, France
- Secretary general : Mathias Cormann
CURRENT AFFAIRS: BUSINESS NEWS
AYUSH increases from US$ 3 billion to US$ 18 billion:
- According to Union Ayush Minister Shri Sarbananda Sonowal, AYUSH revenue increased by 17% between 2014 and 20 to reach US$18.1 billion.
- Speaking at the ‘AYUR-UDYAMAH’ inauguration in New Delhi, the Minister also unveiled the RIS study titled ‘AYUSH Sector in India: Prospects and Challenges.
- The All-India Institute of Ayurveda – Incubation Centre for Innovation and Entrepreneurship (AIIA ICAINE), a groundbreaking incubation facility run by the Ministry of Ayush to support startups, was also unveiled at the event.
- The union minister for Food and Processing Industries, Shri Pashupati Paras Ji, introduced AIIA ICAINE.
- Despite a decline in economic activity in 2020 due to the pandemic, the industry is predicted to reach US$ 20.6 billion in 2021 and US$ 23.3 billion in 2022, according to the Research and Information System for Developing Countries (RIS)
India’s Current Account Deficit Is Estimated to Be 3–2.2% of GDP in FY23:
- According to Chief Economic Advisor (CEA) V Anantha Nageswaran, the country’s current account deficit for FY23 is predicted to be between three and three and a half per cent of GDP due to strong domestic economic growth and an increase in oil import costs.
- In contrast to a surplus of 0.9% in 2020–21, India’s current account balance showed a deficit of 1.2% of GDP in 2021–22.
- The Reserve Bank of India anticipates that the CAD will have marginally increased in the first half of 2022 (April to September), but contract in the second half (October 2022-March 2023).
- For FY23, the total amount of CAD is predicted to be less than 3% of GDP.
- According to India’s chief economist, V Anantha Nageswaran, a real GDP growth rate of 6.5-7.5% in 2022–2023 is feasible to assume at this time, despite new concerns brought on by rising oil prices.
CURRENT AFFAIRS: AWARDS AND HONOURS
Rajendra Pawar receives the FICCI Lifetime Achievement Award in 2022:
- At the 8th FICCI Higher Education Excellence Awards ceremony, the Federation of Indian Chambers of Commerce & Industry (FICCI) presented Rajendra Singh Pawar, Chairman & Founder, of NIIT, with the “Lifetime Achievement Award 2022.”
- The award honours Pawar for his outstanding work and significant contributions to education as well as for founding the IT Training sector.
- A high-level jury panel, chaired by Dr R. A. Mashelkar, former director general of CSIR and professor at the Institute of Chemical Technology in Mumbai, made the selection of the award.
- The development of trained labor to fuel the Indian IT industry’s expansion has been a major contribution made by NIIT.
- Through the not-for-profit NIIT University, he is currently working to build an innovative model in Higher Education in addition to reinventing the IT Training sector.
About FICCI:
- President: Sanjiv Mehta
- Founded: 1927
- Headquarters: New Delhi
- Founder: Ghanshyam Das Birla
Govt appoints 10 Executive Directors for public sector banks
- The Appointments Committee of the Cabinet (ACC) has approved the appointment of 10 Executive Directors in various Public Sector Banks (PSBs) for a three-year period.
List of 10 Executive Directors :
- Lalit Tyagi – Executive Director of Bank of Baroda (BoB)
- Binod Kumar – ED of the Punjab National Bank (PNB)
- Sanjay Vinayak Mudaliyar – Executive Director in Indian Overseas Bank.
- Rajendra Kumar Saboo – Executive Director in UCO Bank
- Malladi Venkat Murali Krishna – Executive Director ni Central Bank of India
- Subrat Kumar – Executive Director of Bank of India.
- M. Paramasivam – Executive Director in Punjab National Bank
- Mahesh Kumar Bajaj – Executive Director in Indian Bank.
- S Ramasubramanian – Executive Director in Union Bank of India
- Ashok Chandra – Executive Director at Canara Bank
- The union government decided to increase the term of wholetime directors in public sector banks, including MD & CEOs, to 10 years, from 5 years, a move aimed to bring in younger talent in the top position.
IRSEE Vinit Kumar appointed as CEO of KVIC
- Shri Vinit Kumar has taken charge as the chief executive officer of Khadi & Village Industries Commission (KVlC), Mumbai, Maharashtra.
About Vinit Kumar :
- Shri Vinit Kumar, an IRSEE officer of 1993 batch.
- He has served as the Chairman of Syama Prasad Mukherjee Port, Kolkata (erstwhile Shyama Prasad Mukherjee Port, Kolkata from 2018-2020.
- He has served as Chief Electrical Engineer in Mumbai Railway Vikas Corporation Ltd. and looked after World Bank funded MUTP projects.
- He had served as Secretary, Central Railway and gained experience in general administration.
- He also worked in Pune and Nagpur in independent charge of traction assets and locomotive workshop.
- He has been instrumental in the growth of regional connectivity comprising neighboring countries and the North – East region.
- He has focused on excelling in business relations with Bangladesh, Nepal, Bhutan, Myanmar and Thailand through various strategic initiatives.
About KVIC :
- Founded : 1957
- Headquarters : Mumbai, Maharashtra, India
- Chairman : Manoj Kumar
- KVIC is a statutory body under the Act of Parliament, ‘Khadi and Village Industries Commission Act of 1956’.
- It is an apex organization under the Ministry of Micro, Small and Medium Enterprises
CURRENT AFFAIRS: SPORTS NEWS
Bhukya from Telangana and Patri from Odisha both won national U-13 badminton titles:
- Nishanth Bhukya of Telangana and Tanvi Patri of Odisha won the boys’ and girls’ singles titles at the 34th Under-13 National Badminton Championships, respectively, with contrasting victories at the UP-Badminton Academy.
- While Patri needed just 22 minutes to defeat local challenger and 15th-seeded Divyanshi Gautam 21-7, 21-10, fourth-seeded Bhukya defeated Andhra Pradesh’s Akhil Reddy Boba 19-21, 21-12, 22-20.
- Patri recently won her first National U-13 Ranking Tournament in Maharashtra, and she played brilliantly against Gautam from Agra.
- To win the opening game, Patri successfully tossed and placed the shuttle while using cross-court volleys to keep Gautam on the defensive.
- After falling behind 5-9 in the second round, Gautam attempted to close the gap by dribbling the shuttle at the net, but Patri was too skilled with her placements and forced Gautam to make a string of unforced errors before winning both the game and the match.
- Boba proved to be quite difficult for Bhukya to handle in the boy’s final as the Andhra shuttler sprinted to a 15-11 lead before winning the game at 21-19.
- Following a change of ends, fourth-seeded Bhukya defeated Boba by rallying from behind.
- After pulling parity at 20 all, it was neck-and-neck in the decider, but Bhukya managed his nerves to win it.
CURRENT AFFAIRS : SCIENCE & TECHNOLOGY
ISRO conducts 200th consecutive successful launch of RH200 sounding rocket
- The versatile sounding rocket of Indian Space Research Organisation (ISRO),Rohini RH200, registered its 200th consecutive successful launch from the Thumba Equatorial Rocket Launching Station, Thiruvananthapuram, Kerala.
- The ‘200’ in the name denotes the diameter of the rocket in mm.
- The event will take place in the presence of former Indian president Ram Nath Kovind, Chairman, ISRO, Dr S Somanath and Director, VSSC, Dr. S. Unnikrishnan Nair and officials from the space agency.
About Rohini RH200 :
- The RH-200 has a maximum launch altitude of 70 kilometers (43 mi).
- Sounding rockets are small, low-cost, solid-fuelled rockets meant for experimental purposes, meteorology, and atmospheric studies. .
- These rockets take far less time to assemble and launch, given that they use solid fuel, which is less sophisticated when compared to liquid fuels.
- Typically, sounding rockets are launched at sub-orbit (less than 100 kilometers) in altitude and are not spacefaring rockets.
- At present, India operates three sounding rocket variants —RH-200, RH-300-Mk-II and RH-560-Mk-III.
- These cover a payload range of 8 to 100 kg and can fly to an altitude of 75-550 kms.
- November 21, 1963, is widely regarded as the beginning of the Indian Space programme, as the maiden launch of the sounding rocket took place from the then Thumba Equatorial Rocket Launching Station (now a part of the larger VSSC campus).
About ISRO :
- Founded : 15 August 1969
- Headquarters : Bangalore, India
- Chairman : S Somanath
CURRENT AFFAIRS : OBITUARIES
Ex-Odisha Minister Golak Naik Passes away
- Former Minister, Golak Bihari Naik has passed away at the age of 65.
About Golak Bihari Naik :
- Naik started his political career with BJP and later joined the Biju Janata Dal (BJD).
- He became a first time legislator from Khunta assembly constituency in
- Notably, he was elected thrice to the Odisha Legislative Assembly– twice as a BJP candidate from Khunta constituency and once as BJD candidate from Udala constituency.
- He served as a minister in the Naveen Patnaik-led government from 2000 to 2009.
- He represented Udala assembly constituency as BJD MLA from 2014 -2019.
- He had served as minister of the Textiles, Fisheries and Animal Resources in the BJD-BJP coalition government.
Daily CA on November 26:
- Constitution day 2022 is observed on the 26th of November 2022.
- Startup applications for registration on the MAARG site, the National Mentorship Platform by Startup India, were made available by the Department for Promotion of Industry and Internal Trade (DPIIT).
- According to the National Statistical Office (NSO), the unemployment rate for people aged 15 and over in urban areas decreased from 9.8% in July to September of last year to 7.2% in July–September of this year.
- The National Suicide Prevention Strategy, the first-of-its-kind government initiative to make suicide prevention a top priority for public health, was unveiled by the Ministry of Health and Family Welfare.
- Prasar Bharati celebrated its silver jubilee, or 25 years since it was founded.
- According to Union Ayush Minister Shri Sarbananda Sonowal, AYUSH revenue increased by 17% between 2014 and 20 to reach US$18.1 billion.
- QatarEnergy announced a 27-year natural gas supply deal with China calling it the “longest” ever seen as it strengthened ties with Asia while Europe scrambles for alternative sources.
- The Assam Government has decided to launch a new Tourism Policy -Assam Tourism Policy 2022, in a bid to further the growth of the tourism sector in Assam.
- The Tamil Nadu government issued a notification declaring the Arittapatti village near Melur in Madurai district, Tamil Nadu (TN) as a biodiversity heritage site under Section 37 of the Biological Diversity Act, 2002.
- HDFC Bank Limited has partnered with Flywire Corporation, a global payments enablement and software company, to help Indian payers to easily pay international education fees to higher education institutions digitally.
- Federal Bank launched a deposit scheme for Non Resident Indians (NRIs) titled ‘Deposit Plus’, which offers higher interest than the existing Non-Residential External (NRE) NRE fixed deposits.
- Bank of Baroda (BoB) has opened its first mid-corporate Branch in Kerala at Kochi.
- BillBox, one of the leading customized solution providers in the payments & merchant ecosystem in India has launched a disruptive product – TapTap – in association with NSDL Payments Bank & Visa.
- Airtel Payments Bank, a fintech subsidiary of Bharti Airtel, has launched a Face Authentication-based savings bank account opening for customers.
- Market regulator Securities and Exchange Board of India (SEBI) came out with guidelines for alternative investment funds (AIFs) for declaring the first close of a scheme.
- According to the Organization for Economic Cooperation and Development (OECD) Economic Outlook Nov 2022, Global gross domestic product (GDP) growth is projected to slide from 3.1 % in 2022 to 2.2% in 2023.
- The Appointments Committee of the Cabinet (ACC) has approved the appointment of 10 Executive Directors in various Public Sector Banks (PSBs) for a three-year period.
- Shri Vinit Kumar has taken charge as the chief executive officer of Khadi & Village Industries Commission (KVlC), Mumbai, Maharashtra.
- According to Chief Economic Advisor (CEA) V Anantha Nageswaran, the country’s current account deficit for FY23 is predicted to be between three and three and a half per cent of GDP due to strong domestic economic growth and an increase in oil import costs.
- At the 8th FICCI Higher Education Excellence Awards ceremony, the Federation of Indian Chambers of Commerce & Industry (FICCI) presented Rajendra Singh Pawar, Chairman & Founder, of NIIT, with the “Lifetime Achievement Award 2022.”
- Nishanth Bhukya of Telangana and Tanvi Patri of Odisha won the boys’ and girls’ singles titles at the 34th Under-13 National Badminton Championships, respectively, with contrasting victories at the UP-Badminton Academy.
- The versatile sounding rocket of Indian Space Research Organisation (ISRO),Rohini RH200, registered its 200th consecutive successful launch from the Thumba Equatorial Rocket Launching Station, Thiruvananthapuram, Kerala.
- Former Minister, Golak Bihari Naik has passed away at the age of 65.
No comments:
Post a Comment