Daily Current Affairs November 26 & 27 2023 | Latest News

 

CURRENT AFFAIRS : BANKING & FINANCE

RBI Imposes Cumulative Penalties of ₹10.34 Crore on Citibank, Bank of Baroda, and Indian Overseas Bank for Non-Compliance

• The Reserve Bank of India (RBI) has imposed penalties amounting to ₹10.34 crore on Citibank, Bank of Baroda (BoB, and Indian Overseas Bank (IOB) for contravention of various regulatory norms.

Basis of Action :

• The regulatory body clarified that the penalties are a result of deficiencies in regulatory compliance.
• The action does not intend to comment on the validity of any transaction or agreement entered into by the banks with their customers.

Penalties Breakdown :

• RBI imposed a fine of ₹1 crore on Indian Overseas Bank for non-compliance with certain directions issued by it on ‘loans and advances – statutory and other restrictions’.
• Citibank is fined ₹5 crore for non-compliance with various directions, including ‘operational guidelines, managing risks and code of conduct in outsourcing of financial services by banks,’ and ‘the depositor education and awareness fund scheme, 2014.’
• A monetary penalty of ₹4.34 crore has been imposed by the RBI on the Bank of Baroda for non-compliance related to ‘loans and advances – statutory and other restrictions’, and ‘Reserve Bank of India (interest rate on deposits) directions, 2016’.

Recent News :

• On 23 November, the RBI imposed monetary penalties on 5 co-operative banks ie ₹2.50 lakh on Ahmedabad’s Shri Mahila Sewa Sahakari Bank Ltd., ₹2 lakh on Porbandar Vibhagiya Nagarik Sahkari Bank Limited., ₹1 lakh in Himmatnagar’s Sarvodaya Nagarik Sahakari Bank Ltd., ₹50,000 on The Khambhat Nagarik Sahakari Bank Ltd. and ₹25,000 on the Vejalpur Nagarik Sahkari Bank Ltd. for deficiencies in regulatory compliance.

About RBI :

• Established : 1 April 1935
• Headquarters : Mumbai, Maharashtra, India
• Governor : Shaktikanta Das
• Deputy Governors : Swaminathan Janakiraman, Michael Patra, M. Rajeshwar Rao, T Rabi Sankar

HSBC India Collaborates with UK Export Finance to Aid Indian MSMEs

• The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India) and UK Export Finance (UKEF), the United Kingdom’s export credit agency, intend to establish a financing programme of up to £100 million to support Indian Micro, Small and Medium enterprises (MSMEs) and corporates for financing their imports from the UK.
• This partnership is expected to enhance the availability of credit for Indian MSMEs and boost trade ties between the two countries.
• HSBC India and UKEF signed a Letter of Intent (LoI) to enable them to work together on opportunities relating to UKEF’s guarantee-backed structures.
• HSBC India and UKEF will work closely to originate, structure and extend financing and credit facilities to Indian MSMEs.
• India was UK’s 12th largest trading partner in the four quarters to the end of Q2 2023, accounting for 2.1% of total UK trade.

About HSBC India :

• Established : 1853
• Headquarters : Mumbai, Maharashtra
• CEO : Hitendra Dave

About UK Export Finance :

• Founded : 1919
• Headquarters : London
• CEO : Tim Reid
• UK Export Finance (UKEF) is the operating name of the Export Credits Guarantee Department (ECGD) which is the United Kingdom’s export credit agency and a ministerial department of His Majesty’s Government.

Karnataka Bank Enters Partnership with Bajaj Allianz Life Insurance for Life Insurance Product Distribution  

• Karnataka Bank has announced a strategic corporate tie-up with Bajaj Allianz Life Insurance Co Ltd, one of India’s leading private life insurers to distribute life insurance products to its
• This collaboration is designed to leverage the strength of BALIC’s product capabilities and Karnataka Bank’s large customer base with wide distribution of over 900+ branches across India.
• These offerings will cater to various life stages and financial needs, ensuring that customers receive structured insurance solutions aligned with their requirements.
• MD and CEO of Bajaj Allianz Life Insurance : Tarun Chugh

About Karnataka Bank :

• Founded : 18 February 1924
• Headquarters : Mangalore, Karnataka, India
• MD & CEO : Srikrishnan Hari Hara Sarma

CURRENT AFFAIRS: NATIONAL NEWS

Union Minister for Social Justice and Empowerment Dr. Virendra Kumar inaugurated ‘Samajik Adhikarita Shivir’

• Union Minister for Social Justice and Empowerment Virendra Kumar inaugurated ‘Samajik Adhikarita Shivir’ for the distribution of aids and assistive devices to persons with disabilities (Divyangjan) at Himmatnagar in Sabarkantha District of Gujarat, in the presence of Shri Dipsinh Rathod, Member of Parliament, Sabarkantha, Smt. Ramila Ben Bara, Member of Parliament (Rajyasabha) local public representatives and senior officials from district administration.
• The distribution camp at Himmatnagar (Sabarkantha) was interconnected online with the other camps conducted simultaneously at 19 other locations covering 09 states across the country for distribution aids and assistive devices to more than 50 thousand pre-identified Divyang beneficiaries under the ADIP scheme of Government of India.
• The distribution camps were organized by the Department of Empowerment of Persons with Disabilities (Divyangjan) (DEPwD), Ministry of Social Justice and Empowerment, Government of India through the Artificial Limbs Manufacturing Corporation of India (ALIMCO) a PSU under the administrative control of DEPwD in association respective districts administration.

MoS, Communications Devusinh Chauhan inaugurates Hamfest India 2023 in Ahmedabad

• Minister of State for Communications, Shri Devusinh Chauhan, inaugurated Hamfest India 2023 at Vigyan Bhawan, Science City, Ahmedabad, Gujarat.
• This two-day national convention commenced.
• Hamfest India 2023 brings together a diverse community of amateur radio operators, showcasing the latest innovations, communication techniques, and technological advancements.
• With over 10 technical workshops and 5 stalls highlighting designs and innovations, the event offers a comprehensive platform for enthusiasts to explore and engage.
• The event not only fosters a space for HAMs to connect but also hosts a trade show, flea market, and an array of activities tailored to amateur radio operators’ interests.

History and Significance

• Hamfest India 2023 stands as a signal to the continuing spirit and evolution of amateur radio, uniting enthusiasts, fostering innovation, and celebrating the advancements in the field.
• As the largest gathering of Indian HAMs in one place, this event signifies the vibrant and prosperous community of amateur radio operators in India.
• Hamfest India holds a significant place in the history of amateur radio in India, dating back to its inception in 1991.
• The event has been pivotal in uniting amateur radio enthusiasts, providing a platform for networking, knowledge sharing, and staying updated on the latest developments in the field.

About Amateur Radio (HAM Radio)

• Amateur radio is a popular hobby involving the use of radio frequency spectrum for non-commercial purposes.
• HAM radio operators communicate using designated radio frequencies, engaging in diverse activities like contests, emergency communication support, experimentation, technical learning and community engagement.
• The hobby offers a unique blend of technical learning, community engagement, and global connectivity through radio waves, emphasizing innovation and service.

Petroleum Minister Hardeep Puri inaugurates floating  re-fueling (CNG station for boats at Ravidas Ghat

• In a significant step towards a pollution-free Varanasi, the city’s second floating Compressed Natural Gas (CNG) Mobile Refueling Unit (MRU) station at Ravidas Ghat was inaugurated by Minister of Petroleum and Natural Gas & Housing and Urban Affairs Shri Hardeep Singh Puri.
• This is the country’s second such station built to fill CNG in boats, after the Namo Ghat CNG station here.
• Both the stations have been developed by GAIL (India) Limited, a Maharatna PSU under the Ministry of Petroleum & Natural Gas.
• GAIL Chairman & Managing Director Shri Sandeep Kumar Gupta, Director (Human Resources) Shri Ayush Gupta, Director (Marketing) Shri Sanjay Kumar and a host of dignitaries were present on the occasion.
• With this, floating CNG stations for boats are now operational on both sides of the main Ghats of Varanasi.
• The floating stations have been developed by GAIL at a cost of approx. Rs 17.5 crore.
• In a world grappling with environmental challenges and the urgent need to transition to cleaner, more sustainable energy sources, the inauguration of the second floating infrastructure in Varanasi is a significant step towards viable sustainable energy solutions
• 735 such boats out of 890 registered with VNN have been converted to CNG under GAIL’s CSR program at a cost of Rs 18 crore.

World’s first 3D printed temple comes up in Telangana’s Siddipet

• The world’s first 3D-printed temple has been unveiled by Telangana.
• The world’s first 3D-printed temple is a ground-breaking structure located at Burugupally in Siddipet district.
• The innovative construction, achieved through a three-month 3D printing process, is a significant technological milestone.
• Spread over 4,000 square feet and situated at a height of 35.5 feet, this temple has three different parts.
• Especially, the temple consists of three sanctums, each dedicated to a different deity.
• These sanctums include a modak dedicated to Lord Ganesha, a square Shivalay dedicated to Lord Shankar, and a lotus-shaped sanctuary for Goddess Parvati.
• These sacred spaces were carefully designed using locally developed materials and software as well as an in-house system.
• The sanctum sanctorum demonstrates the ingenuity of 3D printing technology, the remaining elements of the temple, such as pillars, slabs, and floors, were created using traditional building techniques.
• The temple, has been built by Hyderabad Apsuja Infratech in collaboration with additive manufacturing solutions provider Simpliforge Creations.

Survey of India, Genesys tie up for 3D digital twin-mapping programme in India

• Survey of India (SoI) and Genesys International, a leading Indian mapping company, announced a strategic tie-up for a three-dimensional (3D) digital twin-mapping programme in India.
• It is a virtual depiction of a real-world entity, be it a product, process, person or location, capable of comprehending and gauging its tangible counterparts.
• The twin digital copy will also help policymakers understand how infrastructure will function in different situations, such as high-footprint events, an increase in population, or natural disasters.
• The strategic partnership aims to create digital twins of major cities and towns, leveraging Genesys’ all-India highly accurate navigable maps.
• The Genesys constellation of sensors and SOI’s recently launched Continuously Operating Reference Stations (CORS) network allow for real-time high-precision positioning data.
• The Survey of India was set up in 1767.
• It is the National Survey and Mapping Organization of the country, under the Department of Science & Technology.
• It is the oldest scientific department of the Government of India.

CURRENT AFFAIRS : INTERNATIONAL NEWS

UAE Unveils World’s Largest Single-Site Solar Power Plant in Anticipation of COP28

• The United Arab Emirates (UAE) has inaugurated the world’s largest single-site solar power plant ahead of the upcoming United Nations Climate Change Conference (COP28).
• The 2-gigawatt Al Dhafra Solar Photovoltaic Independent Power Project (IPP) is located 35 kilometres from Abu Dhabi city and will generate enough electricity to power almost 200,000 homes.
• The plant is expected to displace 2.4 million tonnes of carbon emissions annually.
• The project was inaugurated by Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, and in the presence of Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior.

Key Highlights :

• The project was developed by Abu Dhabi Future Energy Company (Masdar) and its partners Abu Dhabi National Energy Company (TAQA), EDF Renewables and JinkoPower.
• It was procured by Emirates Water and Electricity Company (EWEC).
• The plant uses almost 4 million solar panels which deploy innovative bi-facial technology, ensuring sunlight is captured on both sides of the panels to maximize yield.
• The project broke records in terms of cost for utility-scale solar projects. Initially, the project led to one of the most competitive tariffs for solar power set at AED 4.97 fils/kWh (USD 1.35 cents/kWh), which upon financial close, was further improved to AED 4.85 fils/kWh (US$ 1.32 cents/kWh).
• The inauguration of Al Dhafra Solar PV is a key step in the UAE’s transition to clean energy.As the countdown to COP28 continues, leaders reiterated their commitment to tripling renewables capacity and doubling energy efficiency by 2030, with Al Dhafra serving as a model for global ambition in clean energy initiatives.
• The project aligns with the UAE’s Net Zero 2050 goal, reinforcing its leadership in solar energy production on a per capita basis.
• The project is also a testament to the UAE’s commitment to hosting a successful COP28.
• The country will host the United Nations Climate Change Conference from November 30th to December 12, 2023.

About UAE :

• President : Mohamed bin Zayed Al Nahyan
• Prime Minister : Mohammed bin Rashid Al Maktoum
• Capital : Abu Dhabi
• Currency : UAE dirham

Indian Mission to ASEAN Hosting ASEAN-India Millet Festival in Jakarta

• The Indian Mission to the Association of Southeast Asian Nations (ASEAN), along with the Ministry of Agriculture & Farmers Welfare, is hosting the ASEAN-India Millet Festival in Indonesia’s capital Jakarta from November 22-26, 2023, as part of the ‘International Year of Millets 2023’.
• The food festival started by showcasing culinary skills through innovative millet dishes and featuring participation from Millet-based Food Producer Organisations, and start-ups.
• The 5-day festival is strategically organized in alignment with the ASEAN-India Joint Leaders’ Statement on Strengthening Food Security and Nutrition.
• The exhibition will also feature 5 Indian FPOs, namely Citi Block FPC, Jewargi Taluka Millets FPC, Bhumitrajalalpur, Vaam Agro, and Lambasingi Tribal Products FPC, and two start-ups namely Taru Naturals and Sattva Millets and Food Products (Mibbles) exhibiting unique millet-added products such as millet cookies, namkeen, khakhra, cakes, and more.
• The joint statement was adopted at the 20th ASEAN-India Summit in Jakarta on September 7, 2023.
• The joint statement emphasizes strengthening food security and nutrition in response to crises, showcasing a proactive approach to addressing challenges.

About ASEAN :

• Headquarters : Jakarta, Indonesia
• The ASEAN is a regional intergovernmental organization comprising 10 Southeast Asian countries.
• It was established in 1967 with the signing of the Bangkok Declaration.
• Members: Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Laos, Myanmar, Cambodia and Vietnam.
• The first summit meeting of the ASEAN union was hosted in 1976 on Indonesia’s most prominent island Bali.

CURRENT AFFAIRS : STATE NEWS

Geographical Indications Registry Awards GI Tag to Saffron from Kishtwar District, Jammu and Kashmir

• Saffron from the mountainous Kishtwar district has been granted the Geographical Indication (GI) tag by the Geographical Indications Registry.

Key Highlights :

• The saffron is cultivated in the highlands of Jammu and Kashmir.
• This spice is grown in parts of Kashmir as well as the Kishtwar region of Jammu.
• The most expensive crop, saffron (also known as kumkum), is also a major cash crop in Kishtwar, the isolated hill district of Jammu.
• The cultivation of saffron in Kishtwar is a cultural heritage, representing values of freshness and purity.
• The saffron-growing area of Kishtwar is locally called Mandal.

About GI Tag :

• A GI, a kind of Intellectual Property Rights (IPR), is primarily an agricultural, natural or manufactured product (handicraft and industrial goods) originating from a definite geographical territory.
• A GI is a label that is applied to products that have a specific geographical origin and that have characteristics related to a particular location.
• The tag is valid for a period of 10 years after which it is renewed.
• The Geographical Indications of Goods (Registration and Protection) Act, 1999 seeks to provide for the registration and better protection of geographical indications relating to goods in India

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Bandhan Bank board approves re-appointment of Chandra Shekhar Ghosh as its MD for 3 years

• Bandhan Bank’s board has approved the reappointment of Chandra Shekhar Ghosh as the Managing Director & Chief Executive Officer (MD&CEO) for a period of 3 years.
• The reappointment is subject to approval by the Reserve Bank of India (RBI).
• If approved, the reappointment will be effective from July 10, 2024.
• Chandra Shekhar Ghosh’s current tenure as MD & CEO of Bandhan Bank is set to expire on July 09, 2024.
• Regulatory provisions require the submission of the application for reappointment to the RBI at least 6 months before the expiry of the current term.

Financial Performance (July–September Quarter) of Bandhan Bank :

• Bandhan Bank reported a net profit of Rs 721.20 crore, marking a significant YoY increase of 244%.
• Gross Non-Performing Asset (GNPA) in the reporting quarter increased by 14.8% YoY, reaching Rs 7,874 crore.
• Net Interest Income (NII) was reported at Rs 2,443.40 crore.
• Total income for the quarter increased to Rs 5,032 crore, up from Rs 4,250 crore in the same period last year.

Comparison with Previous Quarters :

• Gross NPA in the current quarter increased compared to the previous quarter, standing at Rs 7,874 crore from Rs 6,961 crore.

About Bandhan Bank :

• Founded : 2015
• Headquarters : Kolkata, West Bengal, India
• MD & CEO : Chandra Shekhar Ghosh
• Tagline : aap ka bhala, sab ki bhalai

Anish Shah Elected as FICCI President for the Term 2023-24

• Federation of Indian Chambers of Commerce and Industry (FICCI), the country’s oldest and largest industry body, has a President-Elect in Anish Shah.
• The announcement took place during a recent FICCI National Executive Committee Meeting.
• He would succeed Subhrakant Panda as President of the apex Chamber at the conclusion of the 96th Annual General Meeting to be held on December 8-9 in the capital.

About Anish Shah :

• Shah had a 14-year tenure at GE, holding various leadership positions at GE Capital’s US and global units.
• He has also led the Bank of America’s US Debit Products business and worked with Bain & Company in Boston and Citibank in Mumbai.
• In addition to his role in FICCI, Anish Shah holds various other leadership positions:
• Member of the UK Investment Council.
• Chair of the Automotive Governor’s Council (World Economic Forum).
• Co-Chair of the India Alliance of CEOs for Climate Change (World Economic Forum).
• Co-Chair of the India-Australia CEO Council.
• He was President and CEO of GE Capital India from 2009-14, where he led the transformation of the business, including a turnaround of its SBI Card joint venture.
• Shah is currently the Senior Vice-President of FICCI and the Group CEO of Mahindra Group and the Managing Director of M&M, the parent company of the Group.

About FICCI :

• Founded : 1927
• Headquarters : New Delhi, Delhi
• FICCI is a non-governmental trade association and advocacy group based in India.

Lakshmi Ramakrishna Srinivas Appointed as Additional Director of South Indian Bank

• Renowned banking expert Lakshmi Ramakrishna Srinivas has been appointed as Additional Director of the South Indian Bank.
• She will be the non-executive independent director for 3 years from 20 November 2023.

About Lakshmi Ramakrishna Srinivas :

• With an extensive 38-year background in the banking industry, Lakshmi previously served as the Chief General Manager of State Bank of India, as highlighted in a statement by South Indian Bank.
• She has occupied various high-ranking positions, including the Directorship of State Bank Staff College, showcasing her wealth of experience in the sector.

About South Indian Bank :

• Founded : 1929
• Headquarters : Thrissur, Kerala.
• MD & CEO : P R Seshadri
• Tagline : Experience Next Generation Banking

West Bengal Chief Minister Mamata Banerjee Announces Sourav Ganguly As ‘Brand Ambassador Of Bengal’

• Former Indian cricket team captain Sourav Ganguly has been appointed as the brand ambassador of West Bengal.
• Sourav Ganguly replaces Shah Rukh Khan in this role.
• Mamata Banerjee made this announcement at the Bengal Global Business Summit.
• Bengal Global Business Summit 2023 has been inaugurated in Kolkata.
• Mamata Banerjee also introduced initiatives promoting biofuels.
• She also launched a sub-sea cable landing station in Digha.
• She also announced new policies including plans to double the state’s exports, modernize its logistics and promote renewable energy manufacturing.
• Mukesh Ambani of Reliance Industries also participated in the summit.
• He committed an additional investment of ₹20,000 crore in West Bengal over the next 3 years.

About Sourav Ganguly :

• Sourav Chandidas Ganguly also known as Dada (meaning “elder brother” in Bengali).
• He is popularly called the Maharaja of Indian Cricket.
• He was captain of the Indian national cricket team and is regarded as one of India’s most successful cricket captains.
• As captain, he led the Indian national team to win the 2002 ICC Champions Trophy and reach the final of the 2003 Cricket World Cup and the 2000 ICC Champions Trophy.
• He scored 11363 runs in his ODI career which stands at ninth position in the world for most runs scored in ODI matches.
• He was the 3rd batsman to cross the 10,000 runs in One day cricket, after Sachin Tendulkar and Inzamam Ul Haq.
• He holds the record for highest score in an innings(183) by an Indian batsman in the ODI Cricket World Cup.
• He was elected as president of the Board of Control for Cricket in India (BCCI) in 2019.

Awards & Honors :

• He was awarded the fourth highest Indian civilian award, Padma Shri in 2004.

CURRENT AFFAIRS : DEFENCE NEWS

India and Nepal Kick Off the 17th Iteration of Joint Military Exercise SURYA KIRAN

• The Nepal Army contingent, consisting of 334 personnel, has arrived in India for the 17th edition of the Joint Military Exercise SURYA KIRAN.
• This annual event takes place alternatively in India and Nepal, and this year, it will be conducted in Pithoragarh, Uttarakhand, from 24th November to 7th December 2023.

Composition and Leadership of Contingents :

• The Indian Army contingent, led by a Battalion from the KUMAON Regiment, comprises 354 personnel.
• On the other side, the Nepal Army contingent is represented by the Tara Dal Battalion.

Objectives and Focus Areas of the Exercise :

• The primary aim of SURYA KIRAN is to enhance interoperability in jungle warfare, counter-terrorism operations in mountainous terrain, and Humanitarian Assistance and Disaster Relief under the United Nations Charter for peacekeeping operations.
• The exercise will focus on the use of drones and counter-drone measures, medical training, aviation aspects, and environmental conservation.

Key Highlights :

• Operational Capabilities and Combat Skills Enhancement : Through various activities, including the use of drones, medical training, and environmental conservation efforts, the participating troops will enhance their operational capabilities and refine their combat skills.
• The exercise provides an opportunity for soldiers from both countries to strengthen their coordination in challenging situations.
• Platform for Exchange and Cooperation : The exercise will provide a platform for soldiers from India and Nepal to exchange ideas and experiences; share best practices and foster a deeper understanding of each other’s operational procedures.
• Significance of SURYA KIRAN : Exercise SURYA KIRAN signifies the strong bonds of friendship, trust, and common cultural linkages that exist between India and Nepal.
• It sets the stage for a productive and fruitful engagement, showcasing the unwavering commitment of both nations towards broader defence cooperation.
• The exercise aims to achieve shared security objectives and foster bilateral relations between two friendly neighbours.

About Nepal :

• President : Ram Chandra Poudel
• Prime Minister : Pushpa Kamal Dahal
• Capital : Kathmandu
• Currency : Nepalese rupee

Indian Armed Forces Contingent Embarks on Joint Military Exercise “AUSTRAHIND-23”

• The 2nd edition of Joint Military Exercise AUSTRAHIND-23 is being conducted between the Indian and Australian army contingents.
• On 22 November 2023 the Indian Armed Forces contingent of 81 personnel arrived in Australia for exercises.
• The exercise is being conducted in Perth, Australia from 22 November to 06 December 2023.

Participating Contingents :

• The Indian Army team includes 60 soldiers from a battalion of Gorkha Rifles.
• The Australian Army contingent of 60 personnel is from the 13th Brigade.
• From the Indian side, an officer of the Indian Navy and 20 personnel of the Indian Air Force are also participating in it.
• The Australian contingent includes 20 personnel each from the Royal Australian Navy and the Royal Australian Air Force.

Background and Planning :

• In 2022, the exercise AUSTRAHIND was launched, and the first edition was held in Mahajan, Rajasthan.
• It is planned to make it an annual training program to be conducted alternately in India and Australia.
• The exercise aims to foster collaborative partnerships and share best practices between both sides.
• The exercise will also promote interoperability while conducting multi-sector operations in urban and semi-urban areas under UN Chapter VII on Peacekeeping Operations.
• The joint exercise will promote exchange of ideas and jointly rehearse tactics, technique and procedures for conducting tactical operations.
• Training curriculum also includes sniper firing, and jointly operating surveillance and communication equipment to achieve a high degree of situational awareness.
• Casualty management and evacuation will also be rehearsed besides tactical actions at Company/ Battalion level.
• The exercise will also help in promoting understanding between the two militaries and further strengthen the defence cooperation between the two friendly nations

Other Exercises between India and Australia :

• Exercise AUSINDEX: It is a biennial bilateral maritime exercise between the Indian Navy and Royal Australian Navy (RAN).
• The first edition of the exercise took place in
• Exercise Pitch Black: It is a biennial multilateral air combat exercise hosted by the Royal Australian Air Force (RAAF) since 1981.
• The Indian Air Force had taken part in the exercise for the first time in 2018.

About Ministry of Defence :

• Defence Minister : Rajnath Singh
• Minister of State : Ministry of Defence
• Defence Secretary : Giridhar Aramane

Indian Navy & DRDO test indigenously developed naval anti-ship missile

• Indian Navy in association with the Defence Research and Development Organisation (DRDO) successfully conducted the Guided Flight Trials of the first indigenously developed Naval Anti-Ship Missile from Sea King 42B helicopter.
• It is an important step towards achieving self-reliance in niche missile technology.

Key Highlights :

• The missile integrates various advanced technologies including an indigenous launcher for the helicopter and guidance system comprising cutting-edge navigation and integrated avionics.
• Earlier in October,2023 the reports arrived that DRDO is all set to test the much-anticipated long-range anti-ship missile (LRASM), that would enhance the Navy’s capabilities, especially in the realm of ship-based missile systems with extended range.
• This missile has a range of around 500 kilometres, which is more than the range of 350-400 kilometres of the Russian cruise missile BrahMos.
• Even in May 2022, India tested its first indigenously built anti-ship missile falling in the short-range category weighing around 380 kilograms with a range of 55 kilometres.
• Named ‘Naval Anti-ship Missile-short range’ (NASM-SR), they can be launched from attack helicopters.

About MRSAM test :

• In March 2023, the Indian Navy successfully conducted MRSAM (Medium Range Surface-to-Air Missile) firing from INS Visakhapatnam validating the capability to engage ‘Anti Ship Missiles’.
• The Medium Range Surface-to-Air Missile, was jointly developod by Defence Research and Development Organization (DRDO) and Israel Aerospace Industries (IAI) at Bharat Dynamics Limited (BDL).

About MRSAM:

• MRSAM can hit multiple targets at a range of 70 kilometres.
• Combat Management System (CMS), Mobile Launcher Systems (MLS), Advanced Long Range Radar, Mobile Power System (MPS), Radar Power System (RPS), Reloader Vehicle (RV), and Field Service Vehicle comprise the missile system, which is powered by an indigenously developed rocket motor and control system (FSV).

About Indian Navy :

• Headquarters : New Delhi, Delhi
• Chief of Defence Staff : General Anil Chauhan
• Chief of the Naval Staff : Admiral R. Hari Kumar

CURRENT AFFAIRS: MOUS AND AGREEMENT

NIDM, TERI sign strategic partnership in disaster risk reduction

• The National Institute of Disaster Management (NIDM) has signed a Memorandum of Understanding (MoU) with The Energy and Resources Institute (TERI) to forge a strategic partnership in disaster risk reduction.
• Executive Director of NIDM Rajendra Ratnoo, that this partnership signifies a joint commitment to contribute to the national agenda of disaster risk reduction, reinforcing the importance of collaboration in building a resilient and safer India.
• The MOU will serve as a platform to formalise the strategic partnership and facilitate research, capacity building, and training.
• According to NIDM currently 260 universities and institutions are part of the disaster risk reduction programme.

CURRENT AFFAIRS: SPORTS NEWS

Anish Bhanwala wins bronze medal in men’s 25m rapid fire pistol event at ISSF World Cup Final 2023

• In Shooting, Indian shooter Anish Bhanwala won the bronze medal in the men’s 25m rapid-fire pistol event at the ISSF World Cup Final 2023 in Doha, Qatar.
• Competing at the Lusail Shooting Range, Anish Bhanwala scored 27 out of 35 for third place in the final.
• It was also the first medal for India in the men’s 25m rapid fire pistol event in the ISSF World Cup Final history.
• The ISSF World Cup Final 2023 is being held for rifle, pistol, and shotgun shooters.
• It will conclude with team events

About ISSF

• Headquarters: Munich, Germany
• Founded: 1907
• Membership: 150 regions

Vidya Pillai clinch the World 6 Red Women Championships title at Doha

• In the World 6 Red Women Snooker Championships, Vidya Pillai secured Gold to clinch the title of World Champion.
• In the final, she defeated compatriot Anupama Ramachandran by 4-1 frames, who settled for Silver.
• Vidya earlier defeated top seed Bai Yulu of China by 4-3 frames in semi-final round.

Union Minister Anurag Singh Thakur launches mascot, logo, jersey & theme song for Khelo India Para Games

• Union Minister for Youth Affairs and Sports Anurag Singh Thakur launched the mascot, logo, jersey and theme song for the first-ever Khelo India Para Games at a function in New Delhi.
• Minister of State for Youth Affairs and Sports Nisith Pramanik was also present on the occasion.
  The first-ever Khelo India Para Games will be held from 10th to 17th of next month.
• Over 1400 participants from across 32 states and Union Territories including Services Sports Control Board are expected to participate in the maiden Khelo India Para Games.
• The Para athletes will compete for honours in 7 disciplines including para athletics, para shooting, para archery, para football, para badminton, para table tennis and para weight lifting.
• The events will be held in  Indira Gandhi Stadium, Shooting Range in Tughlaqabad and the Jawaharlal Nehru Stadium.
• Khelo India Para Games aims to provide an opportunity for aspiring para-athletes to showcase their skill and develop their career in para-sports.

CURRENT AFFAIRS : OBITUARIES

Veteran Bollywood filmmaker Rajkumar Kohli, father of actor Armaan Kohli, passed away                           

• Bollywood’s veteran filmmaker and director Rajkumar Kohli, father of actor Armaan Kohli, passed away at the age of 93.

About Rajkumar Kohli :

• Rajkumar was famous for directing several popular Bollywood films such as the 1966 Dulla Bhatti and the 1970s Lootera starring Dara Singh and Nishi (Nishi later married Kohli).
• He was famous for directing several Bollywood films including the 1966 movie Dulla Bhatti and the 1970s film Lootera starring Dara Singh.
• His other notable films included films with ensemble casts, such as Nagin (1976), Jaani Dushman (1979), Badle Ki Aag, Naukar Biwi Ka and Raaj Tilak (1984).
• His films frequently featured actors such as Sunil Dutt, Dharmendra, Jeetendra, Shatrughan Sinha, and actresses Reena Roy and Anita Raj.
• In the early 1990s, Kohli introduced his son Armaan Kohli in the multi-starrer action film Virodhi (1992).
• He directed his son again in Aulad Ke Dushman (1993) and Qahar (1997).
• After a hiatus, he returned in 2002 and relaunched his son in another film in the style of his classic 1970s films Nagin and Jaani Dushman titled Jaani Dushman: Ek Anokhi Kahani.

India’s Pioneer Female Supreme Court Justice, Justice Fathima Beevi, Passed Away                                   

• Justice M. Fathima Beevi, the first woman judge to be appointed to the Supreme Court of India, passed away at the age of 96.

About Justice Fathima Beevi :

• Fathima Beevi was born on 30 April 1927 in Pathanamthitta in the Kingdom of Travancore, now in the Indian state of Kerala.
• Beevi was enrolled as Advocate on 14 November 1950.
• She topped the Bar Council exam in 1950.
• She began her career in the lower judiciary in Kerala.
• She was appointed the Munsiff in the Kerala Sub-ordinate Judicial Services in May, 1958.
• She was promoted as the Subordinate Judge in 1968 and as the Chief Judicial Magistrate in 1972, as District & Sessions Judge in 1974.
• In January 1980, Beevi was appointed the Judicial Member of the Income Tax Appellate Tribunal.
• She was then elevated to the High Court as a Judge on 4 August 1983.
• Beevi became a permanent Judge of the High Court on 14 May 1984.
• She retired as the Judge of the High Court on 29 April 1989.
• In 1989, she became the first female judge to be a part of the Supreme Court of India, and the first Muslim woman to be appointed to any of the higher judiciary in the country.
• On her retirement from the court, she served as a member of the National Human Rights Commission and later as the Governor of the Indian state of Tamil Nadu from 1997 to 2001.

Awards & Honors :

• She received D. Litt. and Mahila Shiromani Award in 1990.
• She was awarded the Bharat Jyoti Award and the US-India Business Council (USIBC) Lifetime Achievement Award.
• In 2023, she was honoured with Kerala Prabha Award, the second-highest honour given by the Government of Kerala.

CURRENT AFFAIRS: IMPORTANT DAYS

Constitution Day: 26th November

• Indian Constitution Day 2023 is observed on the 26th of November 2023.
• 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.

Daily CA One- Liner: November 26 & 27

• Union Minister for Social Justice and Empowerment Virendra Kumar inaugurated ‘Samajik Adhikarita Shivir’ for the distribution aids and assistive devices to person with disabilities (Divyangjan) at Himmatnagar in Sabarkantha District of Gujarat
• Minister of State for Communications, Shri Devusinh Chauhan, inaugurated Hamfest India 2023 at Vigyan Bhawan, Science City, Ahmedabad, Gujarat.
• In a significant step towards a pollution free Varanasi, the city’s second floating Compressed Natural Gas (CNG) Mobile Refueling Unit (MRU) station at Ravidas Ghat was inaugurated by Minister of Petroleum and Natural Gas & Housing and Urban Affairs Shri Hardeep Singh Puri.
• The world’s first 3D-printed temple has been unveiled by Telangana.
• Survey of India (SoI) and Genesys International, a leading Indian mapping company, announced a strategic tie-up for a three-dimensional (3D) digital twin- mapping programme in India.
• The National Institute of Disaster Management (NIDM) has signed a Memorandum of Understanding (MoU) with The Energy and Resources Institute (TERI) to forge a strategic partnership in disaster risk reduction.
• In Shooting, Indian shooter Anish Bhanwala won the bronze medal in the men’s 25m rapid-fire pistol event at the ISSF World Cup Final 2023 in Doha, Qatar.
• In the World 6 Red Women Snooker Championships, Vidya Pillai secured Gold to clinch the title of World Champion
• Union Minister for Youth Affairs and Sports Anurag Singh Thakur launched the mascot, logo, jersey and theme song for the first-ever Khelo India Para Games at a function in New Delhi.
• The Reserve Bank of India (RBI) has imposed penalties amounting to ₹10.34 crore on Citibank, Bank of Baroda (BoB, and Indian Overseas Bank (IOB) for contravention of various regulatory norms.
• The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India) and UK Export Finance (UKEF), the United Kingdom’s export credit agency, intend to establish a financing programme of up to £100 million to support Indian Micro, Small and Medium enterprises (MSMEs) and corporates for financing their imports from the UK.
• Karnataka Bank has announced a strategic corporate tie-up with Bajaj Allianz Life Insurance Co Ltd, one of India’s leading private life insurers to distribute life insurance products to its customers.
• The United Arab Emirates (UAE) has inaugurated the world’s largest single-site solar power plant ahead of the upcoming United Nations Climate Change Conference (COP28).
• The Indian Mission to the Association of Southeast Asian Nations (ASEAN), along with the Ministry of Agriculture & Farmers Welfare, is hosting the ASEAN-India Millet Festival in Indonesia’s capital Jakarta from November 22-26, 2023, as part of the ‘International Year of Millets 2023’.
• Saffron from the mountainous Kishtwar district has been granted the Geographical Indication (GI) tag by the Geographical Indications Registry.
• Bandhan Bank’s board has approved the reappointment of Chandra Shekhar Ghosh as the Managing Director & Chief Executive Officer (MD&CEO) for a period of 3 years.
• Federation of Indian Chambers of Commerce and Industry (FICCI), the country’s oldest and largest industry body, has a President-Elect in Anish Shah.
• Renowned banking expert Lakshmi Ramakrishna Srinivas has been appointed as Additional Director of the South Indian Bank.
• Former Indian cricket team captain Sourav Ganguly has been appointed as the brand ambassador of West Bengal.
• The Nepal Army contingent, consisting of 334 personnel, has arrived in India for the 17th edition of the Joint Military Exercise SURYA KIRAN.
• The 2nd edition of Joint Military Exercise AUSTRAHIND-23 is being conducted between the Indian and Australian army contingents.
• Indian Navy in association with the Defence Research and Development Organisation (DRDO) successfully conducted the Guided Flight Trials of the first indigenously developed Naval Anti-Ship Missile from Sea King 42B helicopter.
• Bollywood’s veteran filmmaker and director Rajkumar Kohli, father of actor Armaan Kohli, passed away at the age of 93.
• Justice M. Fathima Beevi, the first woman judge to be appointed to the Supreme Court of India, passed away at the age of 96.
• Indian Constitution Day 2023 is observed on the 26th of November 2023.