Title : First moves: On the World chess championship
The World chess championship, which resumes in Singapore on Friday after a break, promises plenty of excitement and the possibility of a historic feat. The match between Ding Liren, the defending champion from China, and D. Gukesh, the 18-year-old challenger from Chennai, is tied 1.5-1.5 after three games. It is played over 14 games and the player who scores 7.5 points will become the champion. If Gukesh wins, he will become the youngest World champion in history, which dates back to 1886 when Wilhelm Steinitz won the title after beating Johannes Zukertort. The current record belongs to Garry Kasparov, who was 22 when he emerged as the World champion in 1985 after conquering fellow-Soviet Anatoly Karpov in an epic battle that lasted over a year. Gukesh had begun the World championship as the overwhelming favourite: he had been in sparkling form going into the match while Ding had to battle not just poor form but, according to his own admission, mental issues as well. Some of the world’s top Grandmasters had even predicted that Gukesh would win rather easily. But, sport has a habit of proving predictions wrong, and Gukesh’s campaign got off to a disastrous start, as he was outplayed in the first game. Ding’s win was his first in classical chess in 304 days.
He played solidly to draw the second game, but in the third, Gukesh showed why he is rated so highly by many. He played exceptional chess to post what was his first ever win in classical chess in six meetings with Ding. The chess witnessed thus far has been fascinating and there is much to look forward to in the remaining 11 games (and the tie-breaks, if required). The match has generated huge interest, not just because of Gukesh’s potential to break Kasparov’s record. This is the first ever World championship between two Asians. The first Asian to win the World title was Viswanathan Anand, who is now a mentor to Gukesh and to other exciting young talents of Indian chess. It is also a battle between India and China, the world’s two most populous nations, neighbours and the continent’s superpowers. India is ranked second in world chess and China third, while among women, China is ranked first and India second. But a couple of months ago, India won the gold at the Chess Olympiad in Budapest in both the sections. Gukesh had played a key role at the Olympiad, and now he has another opportunity to underline India’s supremacy in the mind game that is rapidly growing in popularity, especially in India.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
Conquering
generally refers to the act of gaining control over something, often through force, effort, or skill.
Overcoming Defeating Subduing Vanquishing
Submitting Retreating Giving up Resigning
Supremacy
It can be used in various contexts, including political, social, or competitive situations, to describe the highest level of power or influence.
Power Leadership Preeminence Ascendancy
Subordination Inferiority Weakness Subjugation
Overwhelming
It refers to feelings, forces, or situations that are so strong or intense that they may feel difficult to cope with or control.
Title: Fair share: On Big Tech and media content
In a speech on the occasion of National Press Day last week, Union Minister Ashwini Vaishnaw called attention to the issue of fair compensation to media companies for the use of their content by big technology platforms. The Internet’s rapid growth has created a power imbalance between news publishers and large online enterprises which now set the financial terms for their use of content created by others. Many countries are grappling with this issue, and new regulations are taking shape. In Australia and France, Google and Meta are increasingly required to negotiate fairer revenue-sharing agreements and licensing deals with publishers. A similar push in India will be an essential step to ensure the continued vibrancy and financial sustainability of news organisations, which are under threat in their traditional and online formats. The government’s affirmation of support for fair revenue sharing in favour of news publishers — first expressed last year — is more important than ever. As Artificial Intelligence makes stealthy, large-scale appropriation of content easier and when new business models are built on that technological capacity, fair compensation for original creators is an urgent question. The time has come to rapidly act to give force to these pronouncements through law. The pushback that these steps will likely face from Big Tech platforms make it that much more important to start the work quickly, and with resolve.
The Minister has also expressed concern on the issue of misinformation and fake news. It is important for the government to establish trust as a good faith broker and avoid the temptation to act as a regulator or censor of content. Trust comes, for instance, by taking steps to improve the public’s media literacy in general. The government’s desire, now stalled by the judiciary — to act as a fact-checker — in fact, to be the final authority over what is or is not true about the Union government, is not helpful. Trust is established by empowering a strong press to pursue and verify falsehoods vigorously; and not by state regulation and censorship. The partisan application of existing rules by authorities that go after the Opposition parties on charges of misinformation while turning a blind eye towards violations by the ruling party must also stop. Only an even-handed application of laws against misinformation will act as a deterrent for bad actors. India’s news industry has always suffered from fundamental financial and political challenges. The Internet age offers the opportunity to work on remedies. The firms that control the Internet must be more effectively regulated, and government interventions, which are necessary, must not result in state high-handedness.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
grappling
Its describe struggling or dealing with a difficult situation or problem.
Wrestling Struggling Fighting Tussling
Surrendering Yielding Releasing Avoiding
negotiate
It means to discuss or bargain over terms in order to reach an agreement, usually involving compromises.
Talk Confer Deal Mediate
Ignore Reject Refuse Avoid
Stealthy
It refers to moving, acting, or behaving in a way that is secretive, sneaky, or hidden, often with the intention of avoiding detection.
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National news
SAREX-24 Maritime Exercise to Begin in Kochi
The 11th edition of the Indian Coast Guard’s National Maritime Search and Rescue Exercise and Workshop (SAREX-24) is set to begin on 28 th November in Kochi, Kerala. The event will be inaugurated by Defence Secretary Rajesh Kumar Singh and, importantly, is being held alongside the 22nd National Maritime Search and Rescue Board meeting.
Key highlights of the exercise:
Real-time simulations for enhancing skills in Search and Rescue Operations.
With a theme of ‘Enhancing Search and Rescue Capabilities through Regional Collaboration,’ the exercise promises rich insights..
Tabletop exercises, workshops, and seminars involving senior officials, stakeholders, and foreign delegates will take place.
Sea exercise tomorrow(29 th November ) off Kochi’s coast, involving ships, aircraft, and boats from the Coast Guard, Navy, Air Force, Cochin Port Authority, and Customs.
Focus on improving coordination among national stakeholders and promoting cooperative engagements with neighboring states and foreign nations.
About kerala :
Chief Minister : Pinarayi Vijayan
Capital of Kerala: Thiruvananthapuram
National Park in Kerala: Periyar Wildlife Sanctuary
Ministry of Health and Family Welfare’s ‘One Health’ Pavilion Wins Special Appreciation Medal at IITF
The Ministry of Health and Family Welfare’s ‘One Health’ Pavilion has been awarded the Special Appreciation Medal at the 43rd India International Trade Fair (IITF) in New Delhi.
Key highlights:
The pavilion showcased 39 dynamic and informative stalls, highlighting the Ministry’s major healthcare milestones.
Ministry introduced visitors to a variety of health programs that covered life-course health initiatives and offered solutions for communicable and non-communicable diseases.
Pavilion’s theme, ‘One Health’, emphasized a holistic approach to health, integrating human, animal, and environmental health.
The recognition at IITF underscores the Ministry’s efforts to promote innovative healthcare solutions and accessible health services.
India International Trade Fair :
Founded : 1979.
Headquarters : New Delhi.
International news
Piyush Goyal Calls for Stronger Trade and Technological Ties with French and Asia-Pacific Partners
Union Commerce and Industry Minister Piyush Goyal has urged French and Asia-Pacific partners to deepen collaboration in trade and technology. Speaking at the Annual Conference of French Foreign Trade Commissioners in New Delhi, he emphasized the need for enhancing bilateral trade through agreements and multilateral platforms, and strengthening technological cooperation to address global challenges like climate change.
Key highlights:
Bilateral trade between India and France reached 15 billion dollars in the financial year 2024.
Initiatives like Make in India, Digital India, and Startup India are attracting foreign investments and driving economic growth.
India’s aviation market is expected to become the world’s largest demand aggregator for aeroplanes over the next three decades.
Focus on co-manufacturing fighter jets and fostering startups in cybersecurity, AI, e-commerce, and quantum technologies.
A message from Prime Minister Narendra Modi highlighted the importance of commerce, investments, and technology in strengthening India-France relations.
About French :
President : Emmanuel Macron.
The capital : Paris.
The currency : Euro (€).
Smart Technology Drives Innovation at RAK Energy Summit 2024 in UAE
The RAK Energy Summit 2024 in Ras Al Khaimah, UAE showcased the transformative impact of artificial intelligence (AI) and advanced grid management systems on the future of sustainable energy. Held under the patronage of Sheikh Saud bin Saqr Al Qasimi, the summit explored how automatic systems, AI-driven technologies, and predictive analytics are revolutionizing energy distribution, with a focus on green power integration.
Key Points:
The summit addressed energy transition challenges in the GCC region, bringing together regional decision-makers and experts.
Innovative technologies like AI, advanced sensors, and real-time adjustments are optimizing energy and grid management.
The event is supported by organizations such as the UAE Ministry of Energy and Infrastructure and the International Renewable Energy Agency (IRENA).
Experts emphasized the need for investments in software development and system upgrades for economic efficiency and environmental sustainability.
The summit features discussions on energy storage, future transport, and other key topics, aligning with global climate action between COP28 and COP29.
About UAE :
President : Sheikh Mohamed bin Zayed Al Nahyan.
capital : Abu Dhabi.
currency : UAE Dirham (AED).
India-Japan Dialogue on Economic Security Co-Chaired by Foreign Secretary Vikram Misri
Foreign Secretary Vikram Misri co-chaired the first round of the India-Japan Dialogue on Economic Security in Tokyo on 28 th November, alongside Masataka Okano, Vice Minister of Foreign Affairs of Japan. This dialogue, which includes participation from key ministries, departments, and agencies of both governments, was first announced during the India-Japan 2+2 Ministerial meeting in New Delhi on August 20th, 2024.
Key Points:
The dialogue focused on economic security policies, strategic trade, and technology, aiming to strengthen industrial and technological resilience between the two nations.
Discussions included promoting collaboration in research and the application of key technologies.
Both sides emphasized the importance of protecting economic interests, building resilient supply chains, and ensuring critical infrastructure in key sectors.
The dialogue was seen as a crucial step to enhance collaboration and bring relevance to the India-Japan Special Strategic and Global Partnership.
About Japan :
current Prime Minister : Shigeru Ishiba
capital : Tokyo.
currency : Japanese Yen (JPY).
State news
National Postal Exhibition BIPEX-2024 to Begin in Patna
The National Postal Exhibition BIPEX-2024 will begin on 28 th November at the Gyan Bhawan Auditorium in Patna, Bihar. The exhibition, inaugurated by Governor Rajendra Vishwanath Arlekar, will run for three days and highlight the rich history of Bihar’s postal culture.
Key Points:
Around 20,000 postal stamps will be displayed, featuring contributions from 153 philatelists and stamp collectors across India.
A key attraction will be the World’s first postal stamp, Azimabad Ekanni and Doanni, released 250 years ago in Patna in the form of a copper coin.
In addition to its many attractions, the exhibition will also feature the release of two books: Glory of Bihar and Postal Heritage of Bihar.
The event will serve as a knowledge hub for young people and a paradise for philatelists.
Additionally, it will include competitions for school students.
Competitions for school students and the release of important postal covers will be part of the exhibition.
BIPEX-2024 offers a unique opportunity to explore India’s postal history and Bihar’s rich postal
About Bihar :
Chief Minister : Nitish Kumar.
capital : Patna.
National park
· Valmiki National Park
· Kaimur Wildlife Sanctuary
· Vikramshila Gangetic Dolphin Sanctuary
Hemant Soren to Be Sworn-In as Chief Minister of Jharkhand on 28 th November
Hemant Soren, leader of the JMM, will be sworn in as the Chief Minister of Jharkhand for the fourth time on 28 th November . The ceremony will be held at Morhabadi Maidan in Ranchi, where Governor Santosh Kumar Gangwar will administer the oath of office and secrecy at 4 PM.
Key Points:
The swearing-in ceremony will feature several prominent leaders, including Congress President Mallikarjun Kharge, Rahul Gandhi (Leader of Opposition in Lok Sabha), Mamata Banerjee (West Bengal CM), and Arvind Kejriwal (former Delhi CM).
Akhilesh Yadav (former UP CM), Tejashwi Yadav (Senior RJD leader), Conrad Sangma (Meghalaya CM), Bhagwant Mann (Punjab CM), and Sukhvinder Singh Sukhu (Himachal Pradesh CM) are also expected to attend.
About Jharkhand :
Chief Minister : Hemant Soren.
Capital : Ranchi.
National park :
Hazaribagh National Park
Betla National Park
Palamau Tiger Reserve
Banking news
IndusInd Bank and Bharat Financial Launch ‘Bharat Sanjeevani Krishi Utthan Initiative’
IndusInd Bank Limited (IBL) and its 100% subsidiary Bharat Financial Inclusion Limited (BFIL) have partnered with the Ministry of Agriculture and Farmers Welfare (MoA&FW), Government of India, to launch the ‘Bharat Sanjeevani Krishi Utthan Initiative’.
Key Points:
Memorandum of Understanding (MOU) was signed by the MoA&FW, BFIL, and IBL, marking the first formal collaboration between the Ministry and corporate entities.
The initiative is part of the Corporate Social Responsibility (CSR) efforts of BFIL and IBL.
The goal is to enhance agricultural productivity, promote sustainable farming practices, and improve farmers’ income across 11 states: Andhra Pradesh, Bihar, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana, Uttar Pradesh, and West Bengal.
IndusInd Bank Limited (IBL):
Managing Director (MD) & Chief Executive Officer (CEO): Sumant Kathpalia
Headquarters: Mumbai, Maharashtra
Tagline: We Make You Feel Richer
Established: 1994
Appointment news
Harsha Vardhan Agarwal Becomes FICCI President for 2024-25
On November 21, 2024, Harsha Vardhan Agarwal, Vice Chairman and Managing Director (MD) of Emami Group Limited, assumed the role of President of the Federation of Indian Chambers of Commerce and Industry (FICCI) for the year 2024-25 during FICCI’s 97th Annual Convention held in New Delhi.
Key Points:
Prior to becoming FICCI President, Agarwal served as the Senior Vice President of FICCI.
He succeeds Anish Shah, CEO and MD of Mahindra & Mahindra Limited (M&M), as the new President of FICCI.
Federation of Indian Chambers of Commerce and Industry (FICCI):
President: Harsha Vardhan Agarwal
Headquarters: New Delhi, India
Established: 1927
Sports news
Jasprit Bumrah Reclaims Number One Spot in ICC Test Bowler Rankings
Jasprit Bumrah, India’s pace bowler, has reclaimed the number one position in the ICC Men’s Test Bowler Rankings, surpassing Kagiso Rabada of South Africa.
Key Points:
Bumrah’s match-winning performance in the first Test against Australia in Perth, where he took eight wickets, played a key role in his rise to the top.
He began the Test as the third-ranked bowler, behind Rabada and Josh Hazlewood of Australia.
Bumrah now leads the rankings with an 11-point advantage over second-ranked Rabada.
Divith Reddy Wins Gold at U8 World Cadets Chess Championship
Divith Reddy, an eight-year-old prodigy from Telangana, has won the gold medal at the Under-8 World Cadets Chess Championship in Montesilvano, Italy.
Key Points:
Divith scored nine points out of 11, tying with fellow Indian Sattwik Swain, but claimed the gold based on his superior tiebreak score.
Sattwik Swain won the silver, and Ziming Guo from China took the bronze.
Divith, with a FIDE rating of 1784, started strong with four consecutive wins. After two losses, he made an impressive comeback, winning the last five rounds to secure the title.
Important days
Aviation Safety Awareness Week 2024 Observed by Airports Authority of India
Aviation Safety Awareness Week is observed annually by the Airports Authority of India (AAI) from November 25 to 29, emphasizing safety across all aspects of aviation.
Key Points:
The initiative aims to promote a strong safety culture at airports and within Air Navigation Services (ANS) in India, under the leadership of AAI Chairman Vipin Kumar.
The week aligns with global aviation safety standards to ensure safer air travel.
India’s aviation history includes significant milestones:
The first commercial flight between Allahabad and Naini in 1911.
The launch of Tata Airlines in 1932, marking the beginning of scheduled air services.
India joining the International Civil Aviation Organization (ICAO) in 1947.
Additionally, Sarla Thakral, India’s first woman pilot, is remembered as a trailblazer in breaking gender barriers within the aviation industry.
Title: Timely reiteration: On the Preamble and the Supreme Court’s order
The Supreme Court of India has done well to rebuff an attempt to question the characterisation of the country as ‘secular’ and ‘socialist’ in the amended Preamble to the Constitution. Sections of the right wing have been uneasy for long about the identification of secularism as one of the attributes of India. This opposition has acquired traction among those who see the combination of the state not favouring or opposing any religion and the constitutional protection for minorities as something that renders the polity “pseudo-secular”. The original assumption of the makers of the Constitution was that the Constitution — with its emphasis on equality before law and equal treatment of all sections, besides the incorporation of the right to profess, practise and propagate any religion and freedom of belief and conscience in the fundamental rights chapter — is inherently secular. In terms of economic policy, Dr. B.R. Ambedkar opposed amendments to include the word ‘socialist’ by arguing that the Constituent Assembly should not tie down future generations to any particular form of economy. Therefore, the words did not form part of the Preamble adopted along with the Constitution in 1949, but were controversially added through the 42nd Amendment enacted during the Emergency. However, that may not be reason enough for the courts to strike down their inclusion based on writ petitions filed in 2020, about 44 years after the amendment.
The Court, in S.R. Bommai (1994), ruled that secularism is a basic feature of the Constitution. In another case, it said: “Secularism essentially represents the nation’s commitment to treat persons of all faiths equally and without discrimination.” Regarding the term ‘socialist’, it is clear that its presence in the Preamble has not been an impediment to adoption of laws or policies and practices that open up sectors of the economy to open market competition. As the Bench of Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar has pointed out, India has developed its own interpretation of secularism, “wherein the State neither supports any religion nor penalises the profession and practice of any faith”. Similarly, the term ‘socialism’ embodies “the principle of economic and social justice, wherein the State ensures that no citizen is disadvantaged due to economic or social circumstances”. The Court has not countenanced the argument that the inclusion of these words came during the Emergency, when Parliament’s term was extended, noting that this aspect was debated in Parliament in 1978 when the 44th Amendment Act was considered. As the Constitution completes 75 years of existence, the verdict upholding the inclusion of the terms ‘secular’ and ‘socialist’ amounts to a timely reiteration of these fundamental attributes.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
secular
Its refers to that government does not make laws based on religious doctrines, and people of all faiths or no faith are treated equally.
Non-religious Worldly Temporal Lay
Religious Theocratic Spiritual Sacred
propagate
It generally conveys the idea of making something grow, spread, or expand.
Spread Distribute Promote Disseminate
Suppress Stifle Contain Hinder
Preamble
It refers to an introductory statement or preface, often found at the beginning of formal documents, laws, or constitutions.
Title: Return to action: On moving ahead after Baku
After two extra nights of extended negotiations in Baku, countries finally gave up on bridging their differences and settled on a “roadmap” that has left nearly all developing countries frustrated, developed nations relieved and the planet, still on a perilous path. Officially, the CoP Presidency may claim progress. The text, which was passed early in the morning, included a commitment to triple public finance for developing countries, raising the goal from $100 billion annually to $300 billion by 2035. In addition, countries pledged to work to scale finance from public and private sources to $1.3 trillion per year by 2035. In the world of international negotiations, it is common for countries to bring maximalist demands — asking for the most optimistic outcomes — only to settle for these being scaled back. However, in this case, the gap between what was demanded and agreed upon is striking: the $300 billion figure represents just 20% of the original demand. While $300 billion a year is no small sum, other meaningful concessions would have made its impact far greater. For example, if the funds were predominantly public finance, facilitating the affordable transfer of technology from developed to developing countries, or supporting investments in infrastructure that could help vulnerable populations in the Global South adapt to climate change. Unfortunately, none was included.
Despite decades of scientific progress in developed countries that have rigorously outlined the threat posed by rising carbon emissions, these nations have repeatedly backtracked on their responsibility to support meaningful climate solutions. Moreover, many have failed to discourage developing countries from pursuing fossil-fuel-based development. This shift is likely a reflection of broader geopolitical changes — such as the decline of the globalised world order — and a reduction in public support and political will in the West. As a result, climate action has increasingly been framed within the logic of market competition rather than global solidarity. The recent CoP talks revealed that climate negotiations are now entangled with trade conflicts. In this year’s talks, wordplay and political posturing often took precedence over meaningful action. It is possible that next year, there will be a repeat of the drama surrounding the U.S. withdrawal from the Paris Agreement, especially with the impending return of a Trump presidency. Next year’s CoP, in Brazil, will be a symbolic return to the country that hosted the 1992 Earth Summit, where the world first recognised that action, not just talk, was needed to tackle global challenges. As the climate crisis grows more urgent, it is time for the world to revisit that commitment and move beyond empty promises to real, transformative action.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
scaled
Its refers to the process of adjusting the size or magnitude of something in proportion to its original size or value
Resized Proportioned Adjusted Sized
Unchanged Fixed Constant Unmodified
perilous
It describes a situation, activity, or condition that involves significant risk or the potential for harm, injury, or difficulty
Dangerous Risky Hazardous Treacherous
Safe Secure Harmless Risk-free
pledged
It means having made a serious commitment, promise, or oath to do something or to support a cause, often with a formal or binding intent.
Launch of ‘Bal Vivah Mukt Bharat’ National Campaign to End Child Marriage
Union Minister for Women and Child Development Annpurna Devi will launch the ‘Bal Vivah Mukt Bharat‘ campaign in New Delhi.
The campaign aims to make India a child marriage-free nation.
Child Marriage-Free Bharat portal will be unveiled to support the campaign’s mission.
The platform will help raise awareness, prevent child marriage, and report incidents.
A collective pledge against child marriage is expected to involve up to 25 crore citizens during the campaign.
12th Edition of International Tourism Mart Inaugurated at Kaziranga National Park
Union Minister Gajendra Singh Shekhawat inaugurates the 12th edition of the International Tourism Mart at the UNESCO World Heritage site on 27 th November at Kaziranga National Park.
The event highlights the tourism potential of the North Eastern region of India for both domestic and international audiences.
It brings together tourism businesses from the eight North Eastern States: Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, and Sikkim.The mart fosters collaboration among buyers, sellers, media, government agencies, and other stakeholders.
The event is attended by around 400 participants, including international and domestic tour operators, hoteliers, homestay owners, tourism service providers, and influencers.
About UNESCO : United Nations Educational, Scientific, and Cultural Organization:
Founded: 1945.
Director-General: Audrey Azoulay
Headquarters: Paris, France.
Govt Announces Quantum Startups for All Domains under National Quantum Mission
Science and Technology Minister Dr. Jitendra Singh announced various quantum startups under the National Quantum Mission in New Delhi.
The selected startups will cover all major domains of quantum technology, including quantum communications, quantum computing, quantum sensing, and quantum materials.
The initiative aims to boost commercialization and promote sustainable startups in the quantum technology sector.
Dr. Singh emphasized that the startups will be the torchbearers of Viksit Bharat 2047, contributing to India’s vision of becoming a developed nation.
India is one of the few nations globally to be implementing the quantum mission.
Ministry of Mines to Launch First Auction of Offshore Mineral Blocks
The Ministry of Mines will launch the first-ever tranche of the auction of mineral blocksin the offshore areas of India on 28th November 2024. This initiative marks India’s entry into the exploration of undersea mineral resources within its Exclusive Economic Zone (EEZ), covering the territorial waters, continental shelf, and other maritime zones.
In August 2023, the Offshore Areas Mineral (Development and Regulation) Act, 2002 was amended to allow auction as the method for allocating offshore mineral blocks. The first tranche includes 13 mineral blocks across the Arabian Sea and Andaman Sea, featuring a mix of construction sand, limemud, and polymetallic nodules.
The auction will be officially launched by Union Minister G. Kishan Reddy and Union Minister of State for Coal and Mines, Satish Chandra Dubey. The initiative aims to unlock significant economic and strategic opportunities while promoting sustainable resource utilization and enhancing India’s position as a global leader in critical minerals.
International news
Voyage Sri Lanka 2024 Conference Focuses on Blue Economy Potential
The Voyage Sri Lanka 2024 conference on the blue economy was held in Colombo. Speaking at the event, Dr. Naresh Bana, Vice Chairman of the India Sri Lanka Chamber of Commerce and Industry, highlighted the significance of the Neighbourhood First Policy and the increasing trade and commerce between India and Sri Lanka.
He emphasized that India has been assisting Sri Lanka in various sectors, including energy, ports, and railways, as well as supporting capacity building through the International Solar Alliance. Dr. Bana also mentioned that India has contributed to the development of wind energy in Sri Lanka, with a focus on building 500 MW of wind energy capacity.
The event was organized by the Sri Lanka Export Development Board and brought together key stakeholders and experts from the blue economy sector. The blue economy contributes 4% to India’s GDP and accounts for 95% of international trade by volume. During India’s G20 presidency, there was a strong focus on the need to develop a sustainable and resilient blue economy to ensure long-term growth and sustainability in the region.
AboutSri Lanka:
President: Ranil Wickremesinghe).
legislative capital : Sri Jayawardenepura Kotte
executive and judicial capital : Colombo
Currency: Sri Lankan Rupee (LKR).
State news
J&K Govt Launches Online RTI Portal Developed by NIC
The Jammu and Kashmir Government has announced the launch of an online Right to Information (RTI) portal, developed by the National Informatics Centre (NIC). The new platform, accessible at rtionline.jk.gov.in, aims to streamline the RTI process across the Union Territory.
The portal will allow citizens to electronically submit RTI requests, track their applications, and receive responses online, eliminating the need for physical visits to government offices. This initiative is part of the government’s efforts enhance transparency and accountability in governance. The portal is expected to be fully operational by December 10, 2024.
To ensure smooth implementation, nodal officers have been appointed at various administrative levels, including department, district, and directorate levels. These officers will oversee the onboarding of Central Public Information Officers (CPIOs) and First Appellate Authorities (FAAs) onto the portal by November 29, 2024.
About Jharkhand :
Capital: Ranchi.
Chief Minister (CM): Hemant Soren
National Parks:
Hazaribagh National Park
Betla National Park
Udhwa Lake Bird Sanctuary
National Informatics Centre (NIC):
Established: 1976.
Headquarters: New Delhi, India.
Director General : Amit Agrawal
Appointment and Resignation
Dr. Jaiteerth Raghavendra Joshi Appointed Chief of BrahMos Aerospace
Dr. Jaiteerth Raghavendra Joshi has been appointed as the new Chief of BrahMos Aerospace, the organization responsible for the development of the BrahMos supersonic cruise missile system. With over three decades of experience, Dr. Joshi has made significant contributions to missile technology, non-destructive testing (NDT), and the professional development of industry experts. His appointment highlights a continued focus on innovation and excellence in India’s defense sector.
BrahMos Aerospace is a joint venture between India and Russia, dedicated to developing the BrahMos missile, which is considered the world’s most potent supersonic cruise missile system. The name “BrahMos” is derived from two rivers: Brahmaputra (India) and Moskva (Russia).
Eknath Shinde Resigns as Maharashtra CM
Eknath Shinde has resigned as the Chief Minister of Maharashtra. Following his resignation, Governor CP Radhakrishnan has appointed Shinde as the caretaker Chief Minister. Shinde, along with his Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, met the Governor at Raj Bhavan. The term of the current Assembly ends 26 th November .
The Mahayuti coalition, consisting of the BJP, Shinde-led Shiv Sena, and Ajit Pawar’s faction of the Nationalist Congress Party (NCP), secured 230 out of 288 seats in the Assembly elections. The BJP emerged as the single largest party with a record 132 seats, while the Shiv Sena (led by Shinde) secured 57 seats and the Ajit Pawar-led NCP got 41 seats.
About Maharashtra:
Chief Minister (CM): Eknath Shinde.
Capital: Mumbai.
National Parks:
Sanjay Gandhi National Park (Mumbai)
Tadoba Andhari Tiger Reserve (Chandrapur)
Melghat Tiger Reserve (Amravati)
Pench National Park (Nagpur)
Banking news
Canara HSBC Life Unveils OmniGen AI to Transform Underwriting
Canara HSBC Life Insurance has launched OmniGen AI, a generative AI-powered solution designed to revolutionize risk evaluation in underwriting. Built on Amazon Web Services (AWS), this innovative system automates complex risk assessments, enabling underwriters to make faster and more accurate decisions.
By leveraging AI-driven models, OmniGen AI enhances decision-making accuracy, reduces errors, and improves consistency in underwriting. The solution accelerates policy issuance and aims to enhance operational efficiency, delivering a superior customer experience. This move underscores Canara HSBC Life’s commitment to transforming the underwriting process and driving innovation in the industry.
Canara HSBC Life Insurance:
Managing Director & Chief Executive Officer : Anuj Mathur
Headquarters: Gurugram, Haryana, India.
Established: 2008
Important days
Nation Celebrates National Milk Day on Dr. Verghese Kurien’s 103rd Birth Anniversary
National Milk Day is celebrated on 26 tn November to honor the 103rd birth anniversary of Dr. Verghese Kurien, known as the Father of the White Revolution in India. Gujarat, regarded as the cradle of India’s White Revolution, has seen significant growth in milk production over the years.
In the past 22 years, Gujarat’s milk production has increased by 119.63 lakh metric tons, with an average annual growth rate of 10.23%, surpassing the national growth rate. The state contributes 7.49% to India’s total milk production.
The rise in per capita milk availability in Gujarat over the last two decades has been remarkable. The Amul Federation, which started with 6 member unions and a turnover of Rs. 49 crore, now has 18 member unions and collects over 3 crore liters of milk daily. Amul products are sold across India and in 50 countries. The Amul model has created a self-reliant dairy system, benefiting livestock farmers and contributing to socio-economic development.
Union Minister Shivraj Singh Chouhan Inaugurates 227 Gender Resource Centres under Nayi Chetna 3.0
Union Rural Development Minister Shivraj Singh Chouhan inaugurated 227 Gender Resource Centres in 13 states under the Nayi Chetna 3.0 campaign. The initiative aims to empower women socially, economically, politically, and educationally. The Minister emphasized the need to raise voices against gender-based violence.
Women and Child Development MinisterAnnapurna Devi mentioned that the mission’s goal is to ensure the rights of all genders and eliminate the fear of violence. The month-long campaign, running until December 23rd, is organized by the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission under the Rural Development Ministry. The campaign is driven by an extensive Self-Help Group network, with the slogan “Ek Saath, Ek Awaaz, Hinsa Ke Khilaaf” (Together, One Voice, Against Violence).
Union Cabinet Approves Continuation of Atal Innovation Mission with ₹2,750 Crore Budget Till 2028
The Union Cabinet has approved the continuation of the Atal Innovation Mission (AIM) with an enhanced budget of ₹2,750 crore until March 31, 2028. AIM 2.0 aims to strengthen and expand India’s innovation and entrepreneurship ecosystem, contributing to a Viksit Bharat (Developed India). This initiative will help create better jobs, innovative products, and high-impact services across various sectors.
Information and Broadcasting Minister Ashwini Vaishnaw highlighted that AIM 2.0 will improve both the input and output of the innovation system. Additionally, 2,500 new labs will be established in regions such as Jammu and Kashmir, the North East, and aspirational districts, further boosting the country’s entrepreneurial growth.
CCEA Approves ₹1,939 Crore Investment for Heo Hydro Electric Project in Arunachal Pradesh
The Cabinet Committee on Economic Affairs (CCEA) has approved an investment of ₹1,939 crore for the construction of the Heo Hydro Electric Project (HEP) in Shi Yomi District, Arunachal Pradesh. The project is expected to be completed within 50 months.
Information and Broadcasting Minister Ashwini Vaishnaw briefed the media, stating that the project will have an installed capacity of 240 MW and is expected to generate 1,000 Million Units (MU) of energy annually. This power will significantly improve the power supply in Arunachal Pradesh and contribute to the balancing of the national grid.
The project will be implemented through a Joint Venture Company between the North Eastern Electric Power Corporation Ltd (NEEPCO) and the Government of Arunachal Pradesh, marking a key step in strengthening the region’s energy infrastructure.
Arunachal Pradesh :
Capital : Itanagar.
Chief Minister ; Pema Khandu
Eastern Electric Power Corporation Ltd. (EEPC)
Established : 2005.
Headquarters: Kolkata
Chairman ; Mr Arun Kumar Garodia
Centre Approves PAN 2.0 Project of Income Tax Department to Make it a Common Business Identifier
The Cabinet Committee on Economic Affairs (CCEA) has approved the PAN 2.0 Project by the Income Tax Department with an investment of ₹1,435 crore. This initiative aims to upgrade the existing Permanent Account Number (PAN) system, transforming it into a more comprehensive and unified business identifier.
Information and Broadcasting Minister Ashwini Vaishnaw outlined that under the PAN 2.0 Project, the existing PAN system will be completely upgraded, with the creation of a unified portal for improved services. The project will include robust cyber security measures to ensure the safety and privacy of users.
PAN 2.0 is an e-Governance project designed to re-engineer taxpayer registration services. It will transform PAN/TAN services through technology-driven enhancements, providing a more digital experience for taxpayers. This upgrade will consolidate both core and non-core PAN/TAN activities, along with improved PAN validation services.
Union Cabinet Approves National Mission on Natural Farming and One Nation One Subscription Scheme
The Union Cabinet has approved the launch of the National Mission on Natural Farming (NMNF) with a total financial outlay of ₹2,481 crore. This mission aims to revive chemical-free, sustainable farming and will benefit one crore farmers. The goal is to promote nature-based farming systems, reduce reliance on externally purchased inputs, and improve soil health while reducing input costs. The mission will be implemented in 15,000 clusters across Gram Panchayats, providing farmers with simple certification and common branding for their natural produce.
Additionally, the Cabinet approved the One Nation One Subscription scheme, a Central Sector Scheme to provide nationwide access to scholarly research articles and journal publications. The scheme, with an allocation of ₹6,000 crore for 2025-2027, will initially cover higher educational institutions and research and development institutions under the Central or State government. A unified portal will be created for easy access, and the usage of the scheme will be periodically reviewed.
TeacherApp Launched to Empower Educators for 21st-Century Classrooms
The TeacherApp was launched on 25 th November by Union Education Minister Dharmendra Pradhan in New Delhi. The app aims to equip educators with future-ready skills to meet the demands of 21st-century classrooms. The key objectives of the platform are to enable continuous capacity building for teachers, integrate innovative course content, and promote technology and community-building features.
Minister Pradhan highlighted that teachers are the true Karmayogis shaping future generations and that the National Education Policy 2020 focuses on enhancing their capabilities. He emphasized that educators will play a crucial role in identifying future opportunities and driving the youth-led growth of the nation.
International news
Philip Noyce Calls Smartphones the ‘Studio of the Future’ at IFFI Masterclass
At the International Film Festival of India, renowned Australian filmmaker Philip Noyce emphasized the importance of cost-cutting in filmmaking during a masterclass on survival in New Hollywood. He stressed that pre-sales are essential for any film, and if pre-sales aren’t possible, filmmakers should focus on minimizing production costs.
Noyce also discussed the pre-production process, advocating for the use of animatronics and storyboarding to improve efficiency and reduce expenses. He highlighted that smartphones are the “studio of the future” and predicted that emerging filmmakers will redefine cinema through innovative use of technology. Noyce, recipient of this year’s Satyajit Ray Lifetime Achievement Award, shared clips from his films to engage audiences and provide insights into the evolving film industry.
IFFI (International Film Festival of India)
Established: 1952
Headquarters: Panaji, Goa, India
chairperson of International Jury : Ashutosh Gowariker
UN Seeks Increased Funding for Sudan’s 2025 Humanitarian Response Plan
The United Nations’ top humanitarian official, Tom Fletcher, pledged greater efforts to secure funding for Sudan’s 2025 Humanitarian Response Plan during his visit to Sudan. In a meeting with the head of Sudan’s Humanitarian Aid Commission, Mona Nourel Daim, Fletcher emphasized the importance of collaboration to address the country’s worsening humanitarian crisis.
Fletcher, on his first mission as the UN Under-Secretary-General for Humanitarian Affairs, stated that his visit was an opportunity to assess the situation on the ground. Nourel Daim highlighted the urgent funding shortfall, with only 1.5 billion dollars of the 2.7 billion dollars needed for 2024 secured.
The ongoing conflict between the Sudanese Armed Forces and Rapid Support Forces since April 2023 has led to over 27,120 deaths and displaced 14 million people, according to recent UN and IOM data.
About Sudan:
Capital : Khartoum
currency : Sudanese pound (SDG)
India Global Forum 2024 Opens in Dubai, Focusing on India-UAE-Africa Synergy
The India Global Forum (IGF) Middle East & Africa 2024 (ME&A 2024) opened in Dubai, bringing together leaders from India, the Middle East, and Africa under the theme ‘Limitless Horizons’. The two-day forum aims to strengthen partnerships across key sectors, including technology, finance, sustainability, and innovation, with over 200 speakers and 1,000 participants.
Commerce and Industry Minister Piyush Goyal highlighted the enduring strength of India-UAE relations, noting the success of the Comprehensive Economic Partnership Agreement (CEPA), which has boosted bilateral trade to $85 billion annually and created opportunities for MSMEs and startups.
Indian Ambassador to the UAE, Sunjay Sudhir, celebrated the rapid growth of bilateral ties, referring to the India-UAE corridor as one of trade, technology, talent, and trust. The forum also coincides with important developments like the Bilateral Investment Treaty and civil nuclear cooperation MoU between India and the UAE.
Manoj Ladwa, Founder and Chairman of IGF, emphasized the forum’s broader mission to foster collaboration on global challenges such as climate change, poverty, and digital divides, underlining that the future lies in conversation and collaboration rather than conflict. The event also showcased India’s growing global influence and its transformation into a dynamic, sustainable economy.
About UAE :
Capital : Dubai
Currency : Emirati Dirham
State news
IIT Hyderabad and Nikon India Launch First Centre of Excellence
IIT Hyderabad, in collaboration with Nikon India, has launched its first Centre of Excellence (CoE) to advance imaging technologies for researchers, trainees, and visiting scholars across the country. The CoE aims to foster collaborations between IIT Hyderabad researchers and Nikon teams, providing state-of-the-art equipment.
The facility is equipped with cutting-edge technology, including a Confocal Microscope System AX R, Nikon Inverted Microscope System ECLIPSE Ti2-E for fluorescence imaging, ECLIPSE Ts2-FL Inverted Routine Microscope, and Nikon SMZ800N with a fluorescence attachment for macro-imaging. The CoE will empower scientific research and enable students and researchers to explore new possibilities across various scientific disciplines. Nikon India is a 100% subsidiary of Nikon Corporation.
In a closely contested election, Yamandú Orsi of the Broad Front alliance won Uruguay’s presidential race, marking a shift away from five years of conservative governance under outgoing President Luis Lacalle Pou.
Official results confirmed Orsi’s victory over Alvaro Delgado of the National Party. Orsi, in his victory speech, pledged to promote national unity and repeatedly called for national dialogue to find the best solutions for the country.
With 94.4% of ballots counted, Orsi secured 1,123,420 votes, narrowly defeating Delgado, who received 1,042,001 votes. Analysts expect continuity in Uruguay’s economic policies under the new administration.
About Uruguay:
Capital : Montevide
currency : Uruguayan Peso (UYU):
Sports news
13-Year-Old Vaibhav Suryavanshi Becomes Youngest Player to Get IPL Contract
In a historic moment at the IPL 2025 Auction, 13-year-old Vaibhav Suryavanshi became the youngest player ever to secure an IPL contract. The Rajasthan Royals, led by Rahul Dravid, acquired the young talent for 1.10 crore rupees.
Vaibhav has already made significant achievements, including becoming the youngest batter to score an international century in a Youth Test for India Under-19 against Australia U-19, where he scored 104 off 62 balls. His 58-ball century is the fastest by an Indian in Youth Tests and the second-fastest globally. Earlier this year, Vaibhav made his debut in the RanjiTrophy for Bihar at just 12, becoming the youngest player to feature in India’s premierFirst-Class tournament. His remarkable achievements have earned him praise from the Bihar Cricket Association.
IPL (Indian Premier League):
Established: 2008
Chairman: Arun Dhumal
Important days
Nation Celebrates Constitution Day, Marking 75 Years of Adoption
India is observing Constitution Day today, marking the 75th anniversary of the adoption of the Constitution of India by the Constituent Assembly on 26th November 1949. The year-long celebrations will continue until 26th November 2025.
A grand event will be held at the Central Hall of Samvidhan Sadan in Delhi, where President Droupadi Murmu will address both Houses of Parliament, alongside Vice-President Jagdeep Dhankhar, Prime Minister Narendra Modi, and Lok Sabha Speaker Om Birla. The event will also be attended by Union Ministers, Members of Parliament, and other dignitaries.
To commemorate the occasion, a commemorative coin and stamp will be released, and books such as “Making of the Constitution of India: A Glimpse” and “Making of the Constitution of India and its Glorious Journey” will be launched. The Constitution will also be released in Sanskrit and Maithili, and a booklet on the Art of the Constitution of India will be unveiled.
The Ministry of Social Justice and Empowerment had announced in 2015 that 26th November would be observed annually as Constitution Day. The celebrations are being conducted under the tagline “Hamara Samvidhan, Hamara Swabhimaan”, which emphasizes honoring the Constitution’s makers and promoting its core values. On this day, millions across India will read the Preamble together, from schools to offices and cities to villages. A dedicated website, constitution75.com, has been created for citizens to engage with the Constitution’s legacy and participate in the campaign.
Union Ministers to Launch National Campaign “Ab Koi Bahana Nahi ’’ to Combat Gender-Based Violence
On 25th November 2024, Smt. Annpurna Devi, Union Minister for Women and Child Development, will launch the Ab Koi Bahana Nahi campaign at Rang Bhawan, All India Radio, New Delhi. The event will also be attended by Shri Shivraj Singh Chouhan, Union Minister for Rural Development, and Dr. Chandra Sekhar Pemmasani, Minister of State for Rural Development and Communications.
The Ab Koi Bahana Nahi campaign aims to encourage the public, government, and key stakeholders to take actionable steps to eliminate gender-based violence. This initiative is a collaborative effort between the Ministries of Women and Child Development and Rural Development, with support from UN Women. It is launched alongside the ‘Nayi Chetna 3.0 campaign’ led by the Ministry of Rural Development to spread awareness about ending gender-based violence.
This campaign coincides with the 16 Days of Activism globally observed from 25th November (International Day for the Elimination of Violence against Women) to 10th December (Human Rights Day), aimed at raising awareness on gender-based violence.
National Consumer Helpline Partners with Over 1,000 Companies to Expedite Grievance Resolution
The National Consumer Helpline has successfully partnered with over 1,000 companies as part of its Convergence Programme to speed up the resolution of consumer grievances. These companies cover a wide range of sectors, including e-commerce, private education, FMCG, consumer durables, electronics, retail, automobiles, and banking.
According to the Consumer Affairs Ministry, complaints related to these convergence companies will now be directly transferred to them for online resolution. The Ministry also highlighted that the number of convergence partners has significantly increased from 263 companies in 2017 to 1,009 companies. This growth is seen as a key factor in improving the efficiency of the helpline, enabling quick and effective grievance redressal, and fostering transparency and accountability.
Minister of Consumer Affairs, Food and Public Distribution, and Minister of New and Renewable Energy : Shri Pralhad Joshi
National Consumer Helpline (NCH):
Established : 2005
Headquarters : New Delhi, India.
EAM S. Jaishankar Highlights Italy as Key Partner and Ally in Europe
External Affairs Minister (EAM) S. Jaishankar emphasized that India views Italy as a key partner, a crucial ally in Europe, and a very influential player in the Mediterranean region.
In his address at the inauguration of the new Chancery of the Indian Embassy in Rome, Dr. Jaishankar highlighted the frequent interactions between the two countries, underscoring the depth and breadth of their bilateral ties. He noted a convergence in worldviews and a synergy in addressing global and regional issues, alongside a renewed enthusiasm to further strengthen their relationship.
Dr. Jaishankar also spoke about the India-Middle East-Europe Economic Corridor (IMEC), calling it a game changer for connectivity between Europe and Asia.
During his visit to Italy, Dr. Jaishankar will participate in the Outreach session of the G7 Foreign Ministers’ Meeting in Fiuggi, where India has been invited as a guest country. He will also engage in discussions at the 10th edition of the MED Mediterranean Dialogue in Rome.
NSO Releases 24th Periodic Labour Force Survey: Unemployment Rate Declines in Urban Areas
The National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI), released the 24th Periodic Labour Force Survey (PLFS) Quarterly Bulletin for July to September 2024. Key findings include:
The Unemployment Rate (UR) in urban areas for persons aged 15 years and above decreased by 20 basis points (bps), from 6.6% in Q1 FY25 to 6.4% in Q2 FY25. This marks the lowest unemployment rate since the inception of the PLFS in April-June 2018.
The unemployment rate among females in urban areas saw a slight decline, from 8.6% in Q2 FY24 to 8.4% in Q2 FY25, although it remains above 8% for the 5th consecutive quarter. Meanwhile, the unemployment rate among males decreased from 6% in Q2 FY24 to 5.7% in Q2 FY25.
The Labour Force Participation Rate (LFPR) in CWS (Current Weekly Status) in urban areas reached a record-high of 50.4% in Q2 FY25, compared to 49.3% in Q2 FY24, indicating a positive trend in workforce participation.
National Statistical Office (NSO):
Established : 2019
Headquarters : New delhi, india.
Chairman : Rajeeva laxman karandikar
International news
AM Green Kakinada Cluster Joins WEF’s Transitioning Industrial Clusters Initiative
The AM Green Kakinada Cluster, based in Andhra Pradesh (AP), has become part of the World Economic Forum’s (WEF)Transitioning Industrial Clusters Initiative. This initiative aims to drive economic growth, create jobs, and reduce carbon dioxide (CO2) emissions through collaboration between industries and public institutions.
Key objectives of the initiative include:
Fostering cooperation between industries and governments to adopt sustainable practices.
Driving economic growth through innovative solutions aligned with global sustainability goals.
Reducing carbon emissions by producing green molecules, including green hydrogen and sustainable aviation fuel.
AM Green Kakinada Cluster:
The cluster represents an investment of over USD 3 billion and is expected to generate 10,000+ direct and indirect jobs.
Operations are set to begin in 2026, with zero CO2 emissions projected.
The initial capacity will include 1 Million Tons Per Annum (MTPA) of green ammonia, with a target to increase production to 5 MTPA by 2030, equating to approximately 1 MTPA of green hydrogen.
The cluster also features a 2 GW electrolyser manufacturing plant and other green molecule production facilities.
About Andhra Pradesh :
Capital : Amaravati
Chief minister : N. Chandrababu Naidu
National Parks:
Sri Venkateswara National Park (Tirupati)
Papikonda National Park (East and West Godavari districts)
The 55th International Film Festival of India (IFFI) recently hosted the Creative Minds of Tomorrow (CMOT) program, which has become a key platform for discovering and nurturing young filmmakers in India. Held at Maquinez Palace, the Closing Ceremony of CMOT celebrated the vibrant energy of youth and creativity.
This year’s program marked a significant milestone, expanding to 100 young talents across 13 filmmaking disciplines, up from 75 participants and 10 crafts in previous editions. The program received an overwhelming 1,070 entries showcasing diverse talents from across India.
A highlight of the event was the 48-Hour Filmmaking Challenge, where participants created short films on the theme “Relationships in the Age of Technology“. The challenge, which ran from November 21 to 23, 2024, involved five teams, each comprising 20 members, and took place across 12 locations within a 4-kilometer radius of Panjim.
The winners of the challenge included:
Best Film: Gullu
Best Film (Runners-up): We Hear the Same Music
Best Director: Arshaly Jose (Gullu)
Best Script: Adhiraj Bose (Lovepix Subscription)
Best Actress: Vishakha Nair (Lovepix Subscription)
Best Actor: Pushpendra Kumar (Gullu)
IFFI (International Film Festival of India)
Established: 1952
Headquarters: Panaji, Goa, India
chairperson of International Jury : Ashutosh Gowariker
Banking news
RBI Highlights Rapid Progress in Internationalisation of UPI, India Leading Digital Transformation
The Reserve Bank of India (RBI) has stated that the internationalisation of UPI (Unified Payments Interface) is progressing rapidly as India emerges as a global leader in using digital technologies for transformative change.
In October, UPI reached a significant milestone of 16.6 billion transactions in just one month, with 86% successful instant debit reversals. According to RBI Deputy Governor Michael Debabrata Patra, UPI is a seamless, open-ended system that integrates multiple bank accounts into a single mobile application, facilitating both peer-to-peer and person-to-merchant transactions.
Key innovations in India’s digital credit landscape, including Account Aggregators, OCEN, and financial services on ONDC, have contributed to enhanced productivity. Around 40% of India’s rural population and 78% of those aged 20-30 years are internet users. Additionally, approximately one-third of households make online purchases for consumables, while one-fourth buy consumer durables and nearly one-tenth purchase food items online.
RBI Establishment:
Established: 1935
Headquarters: Mumbai, Maharashtra
Chairman: Shaktikanta Das
Rio Money Partners with Yes Bank and NPCI to Launch Yes Bank Rio RuPay Credit Card
Bengaluru-based fintech company, Rio Money, has teamed up with Yes Bank Limited and the National Payments Corporation of India (NPCI) to introduce the Yes Bank Rio RuPay Credit Card, a co-branded credit card aimed at enhancing UPI payments. Additionally, Rio Money has launched its Unified Payments Interface (UPI) app, providing seamless access to credit for UPI transactions.
Key Features of the Credit Card:
The card integrates credit benefits with UPI, allowing users to make transactions at over 100 million merchant locations across India.
Available to individuals aged 21 to 60 years, with eligibility for both salaried employees (earning a minimum of Rs 25,000 monthly) and self-employed individuals (with an annual ITR of Rs 5 lakh).
The card is lifetime free, with no joining fee. Annual charges are waivable based on usage.
Offers a credit limit of up to Rs 5 lakh, with personalized rewards and exclusive deals, available through the Rio app’s “Know Your Offers” feature.
About Yes Bank:
MD & CEO: Prashant Kumar
Headquarters: Mumbai, Maharashtra
Established: 2004
About NPCI:
MD & CEO: Dilip Asbe
Headquarters: Mumbai, Maharashtra
Founded: 2008
RBI Doubles UPI 123Pay Limit to ₹10,000 for Feature Phones to Boost Financial Inclusion
The Reserve Bank of India (RBI) has raised the transaction limit for UPI 123Pay from ₹5,000 to ₹10,000, a move aimed at enhancing the accessibility of digital payments for India’s 400 million feature phone users. Launched in March 2022, UPI 123Pay allows internet-free transactions through IVR, missed calls, and sound-based payments, enabling secure digital payments on basic feature phones.
Additionally, the UPI Lite wallet limit has been increased from ₹2,000 to ₹5,000, facilitating small-value transactions. These initiatives aim to deepen financial inclusion and increase the adoption of digital payments, especially among underserved populations.
Abdirahman Mohamed Abdullahi, leader of the Waddani Party, has won the Somaliland Presidential Election and has been elected as the 6th President of Somaliland. Abdullahi, also known as Irro, secured nearly 64% of the vote, defeating the incumbent President Muse Bihi Abdi of the Kulmiye Party. The results were announced by the Somaliland National Electoral Commission (SLNEC).
Key Points:
Abdullahi previously served as Somaliland’s Parliament Speaker in 2005.
He is a prominent leader in Somaliland’s political landscape and founded the Waddani Party.
Somaliland is a former British protectorate that declared its independence from Somalia in 1991.
AboutSomaliland :
capital : Hargeisa,
currency Somaliland Shilling
Sports news
Rishabh Pant, Shreyas Iyer Fetch Record Bids on Day 1 of IPL Auction 2025
In the Mega Auction for the Indian Premier League (IPL) 2025 edition, Rishabh Pant and Shreyas Iyer secured record bids, becoming the most expensive players in IPL history. The auction took place at the Abadi Al-Johar Arena in Jeddah, Saudi Arabia.
Key Points:
Rishabh Pant was acquired by Lucknow Super Giants for ₹27 crore, making him the most expensive player in IPL history.
Shreyas Iyer was bought by Punjab Kings for ₹26.75 crore.
Yuzvendra Chahal and Arshdeep Singh were also bought by Punjab Kings, for ₹18 crore each.
Venkatesh Iyer was bought by Kolkata Knight Riders for ₹23.75 crore.
Some notable unsold players included David Warner and Jonny Bairstow.
As of Day 1, RCB had the highest remaining purse with ₹30.65 crore, followed by Mumbai Indians with ₹26.10 crore and Punjab Kings with ₹22.50 crore.
IPL (Indian Premier League):
Established: 2008
Chairman: Arun Dhumal
Important days
Women’s Entrepreneurship Day (WED) Celebrated Globally on 19th November
Women’s Entrepreneurship Day (WED) is observed annually on 19th November to honor and celebrate the achievements of female entrepreneurs. This day highlights the critical role of women in business and their significant contributions to the entrepreneurial landscape.
Key Points:
19th November 2024 marks the 11th anniversary of WED.
The observance of WED is organized by the Women’s Entrepreneurship Day Organization (WEDO), a non-governmental organization (NGO) founded by Wendy Diamond in 2013.
The first WED was celebrated on 19th November 2014 at the United Nations (UN) headquarters in New York.
WED is celebrated globally in 144 countries to empower women in business and contribute to economic growth and poverty alleviation.
World Children’s Day 2024 Celebrated on 20th November
World Children’s Day is observed annually on 20th November to promote international unity, raise awareness about children’s welfare, and improve their lives worldwide. The day is an annual action led by children for children, organized by the United Nations Children’s Fund (UNICEF).
Key Points:
The theme for World Children’s Day 2024 is “Listen to the Future!”.
The day was originally established as Universal Children’s Day by the United Nations General Assembly (UNGA) in 1954 under resolution A/RES/836(IX).
The resolution recommended all countries to observe Universal Children’s Day starting from 1956.
About UNICEF:
established in 1946 as the United Nations International Children’s Emergency Fund and became a permanent part of the UN in 1953, after which its name was shortened to United Nations Children’s Fund.
Executive Director of UNICEF: Catherine M. Russell
India May to Welcome Indonesia’s President on Republic Day 2025
New Delhi is reportedly considering Prabowo Subianto, the newly elected President of Indonesia, as the chief guest for India’s Republic Day 2025 celebrations. This potential invitation underscores the strengthening ties between India and Indonesia, highlighting shared strategic interests and a commitment to fostering deeper diplomatic and defense cooperation.
Significance of the Potential Invitation
Chief Guest Selection:
If confirmed, Prabowo Subianto’s presence would symbolize the growing Comprehensive Strategic Partnership between the two nations.
His selection aligns with India’s emphasis on prioritizing Indo-Pacific partnerships.
High-Level Engagements:
Discussions are expected at the G-20 summit in Brazil, where Prime Minister Narendra Modi and President Subianto are scheduled to meet.
The Republic Day invitation builds on Minister of State for External Affairs Pabitra Margherita’s visit to Jakarta for Subianto’s inauguration.
India-Indonesia: A Growing Partnership
Defense Cooperation:
Recent joint military exercises like GARUD SHAKTI and collaborative naval operations demonstrate robust defense ties.
Economic & Cultural Links:
India is among Indonesia’s major trading partners, with strong cultural and historical connections dating back to ancient times.
about Indonesia
Capital: Jakarta
President: Prabowo Subianto
Currency: Rupiah (IDR)
India Commits to 30% Protected Areas in Updated Biodiversity Plan
India has unveiled its updated National Biodiversity Strategy and Action Plan (NBSAP) during the 16th UN Biodiversity Conference in Cali, Colombia, committing to protect at least 30% of its terrestrial, inland water, and coastal marine areas by 2030. This ambitious target aligns with the Kunming-Montreal Global Biodiversity Framework (KM-GBF), adopted at the previous conference in 2022, which aims for global protection of 30% of land and ocean areas while restoring degraded ecosystems crucial for providing clean water and air.
Commitment to 30×30 Target: India aims to protect 30% of its terrestrial, inland water, and coastal marine areas by 2030, in line with the Kunming-Montreal Global Biodiversity Framework (KM-GBF).
Global Context:
The NBSAP aligns with the 23 global goals adopted under the KM-GBF in 2022.
India, home to 7-8% of the world’s species on just 2.4% of global land area, highlights its responsibility as a biodiversity hotspot.
Financial Investments:
₹32,200 crore spent on biodiversity protection and restoration (2017-18 to 2021-22).
Projected annual biodiversity conservation expenditure through 2029-30: ₹81,664.88 crore.
Three Key Themes:
a. Reducing Threats to Biodiversity:
Targets include combating land use changes, pollution, climate change, and invasive species.
Focus on restoring ecosystems and managing species diversity.
b. Sustainable Use for People’s Needs:
Five targets highlight sustainable management of agriculture, fisheries, and forests.
Emphasis on benefits for rural and tribal communities.
c. Tools and Solutions for Implementation:
Ten targets focus on integrating biodiversity into development goals and promoting sustainable production.
Encourages community involvement and public engagement.
Restoration and Community Involvement:
Aims to restore 30% of degraded ecosystems by 2030.
Launch of Mission Life, promoting eco-friendly lifestyles to tackle overconsumption and waste generation.
Celebrating 50 Years Coal India’s Foundation Day
Coal India Limited (CIL) celebrated its 50th Foundation Day on 1st November, marking a significant milestone as it entered its golden jubilee year. The day began with a respectful tribute at the Coal Martyrs’ Memorial, where CIL’s Chairman PM Prasad, along with Functional Directors and the Chief Vigilance Officer, honored the contributions and sacrifices of coal industry workers throughout the decades.
Key Moments of the Day
Tribute at Coal Martyrs’ Memorial
Led by: CIL Chairman PM Prasad, Functional Directors, and the Chief Vigilance Officer.
Purpose: Honoring coal industry workers for their sacrifices and contributions.
Flag Unfurling
The Coal India flag was unfurled by the Chairman, symbolizing the company’s legacy and commitment.
Acknowledgment of Employees
PM Prasad expressed gratitude to past and present employees, highlighting their efforts as the foundation of CIL’s success.
Chairman’s Key Statements
Coal’s Importance:
Coal will remain a key energy resource for India for at least the next 20 years.
CIL’s role is critical in ensuring the country’s energy security.
Future Focus:
Commitment to stable and reliable coal supply to meet India’s growing energy needs.
Workforce Dedication:
Praised the resilience and dedication of the workforce in driving India’s energy aspirations.
Coal India Limited (CIL): Quick Facts
Feature
Details
Foundation Day
November 1, 1975
CMD
Pramod Mohan Prasad
Headquarters
Kolkata, West Bengal
Launch of International Incoming Spoofed Calls Prevention System
On 22nd October 2024, Union Minister Jyotiraditya Madhavrao Scindia inaugurated the “International Incoming Spoofed Calls Prevention System” at BSNL Bhawan, New Delhi. This initiative is a significant step by the Department of Telecommunications (DoT) to combat fraudulent calls and ensure a safer digital environment for Indian telecom users.
Key Highlights of the System
Objective:
To detect and block fraudulent international calls falsely appearing with an Indian (+91) prefix.
Operational Milestones:
The system went live on 17th October 2024.
Within the first 24 hours, it successfully identified and blocked 1.35 crore spoofed calls, accounting for 90% of such incoming calls.
Collaboration:
Developed by DoT under the Ministry of Communications (MoC) in partnership with Telecom Service Providers (TSPs).
Impact:
Protects citizens from cybercrimes involving spoofed calls.
Enhances trust in India’s digital and telecom infrastructure.
Event Details
Key Dignitaries:
Union Minister Jyotiraditya M. Scindia (Constituency: Guna, Madhya Pradesh)
Union Minister of State (MoS) Dr. Chandra Sekhar Pemmasani (Constituency: Guntur, Andhra Pradesh)
Dr. Neeraj Mittal, Secretary, Department of Telecommunications
Other senior officials of DoT and telecom stakeholders
International news
ILO’s 352nd Governing Body Meeting Kicks Off in Geneva
The 352nd Governing Body meeting of the International Labour Organisation (ILO) is currently taking place in Geneva. This important gathering began on October 28 and will run until November 7, bringing together representatives from member countries to discuss key labor issues and strategies for improving working conditions globally.
India’s Key Contributions Highlighted at the Meeting
Multidimensional Poverty Reduction
Achievement: India lifted 248 million people out of multidimensional poverty over the past nine years, reflecting a holistic approach to poverty alleviation.
Source: Multidimensional Poverty Index (MPI).
Employment Growth
Addition to Workforce: Approximately 170 million individuals joined economic activities between 2016-17 and 2022-23 (provisional estimates).
Significance: Indicative of rising employment opportunities and increased economic participation.
Major Government Initiatives
PM Jan Dhan Yojana: Promotes financial inclusion by providing banking access to previously unbanked populations.
PM Jeevan Jyoti Yojana: Offers affordable life insurance for vulnerable groups.
Dawra highlighted India’s decade-long focus on providing universal access to financial services, particularly for vulnerable populations, marking a significant shift in inclusion efforts.
About the International Labour Organisation (ILO)
Feature
Details
Founded
1919
Headquarters
Geneva, Switzerland
Membership
187 Member States
Notable Recognition
Nobel Peace Prize, 1969
The ILO remains dedicated to improving working conditions, enhancing living standards, and promoting global labor rights.
ADB Approves USD 241.3 Million Loan for Power Distribution in West Bengal
The Asian Development Bank (ADB) has sanctioned a USD 241.3 million loan to bolster the power distribution infrastructure in West Bengal. This initiative aims to ensure a reliable, quality, and sustainable power supply, thereby enhancing the quality of life for residents.
Key Highlights
Programme Objectives:
Strengthen the power distribution system in alignment with West Bengal’s Revamped Distribution Sector Scheme (RDSS).
Improve the operational efficiency of power distribution companies (DISCOMs).
RDSS Program Details:
Approved in 2022 by the Government of India (GOI) and the Government of West Bengal.
Budget Outlay: USD 197.39 million.
Implementation Period: 2022–2026.
RDSS Program Goals by 2026:
Eliminate the ACS-ARR gap (on subsidy receipt basis).
Reduce System Average Interruption Frequency Index (SAIFI) to 130 interruptions per customer.
Lower Aggregate Technical & Commercial (AT&C) loss to 12.11%.
About Asian Development Bank (ADB)
Feature
Details
President
Masatsugu Asakawa (Japan)
Headquarters
Manila, The Philippines
Established
1966
Member Nations
69
About West Bengal
Feature
Details
Chief Minister (CM)
Mamata Banerjee
Governor
Dr. C.V. Ananda Bose
Capital
Kolkata
National Parks (NPs)
Gorumara NP, Neora Valley NP, Sunderban NP
Banking news
SBI Mutual Fund Surpasses ₹10 Lakh Crore AUM, Leading the Industry
SBI Mutual Fund (SBI MF) has made headlines by becoming the first fund house in India to surpass the ₹10 lakh crore mark in assets under management (AUM), reaching ₹10.99 lakh crore in the September quarter, a notable increase from ₹9.88 lakh crore in June. This achievement places SBI MF ahead of its closest competitors, ICICI Mutual Fund and HDFC Mutual Fund, which have AUMs of ₹8.41 lakh crore and ₹7.47 lakh crore, respectively.
Growth Drivers
Strong Inflows:
Boosted by New Fund Offers (NFOs), raising ₹44,955 crore in the September quarter, a 67% increase.
Market Rally:
Benchmark indices like the Sensex witnessed significant growth, enhancing investor sentiment.
Industry Trends
Total Mutual Fund Industry AUM grew by 12%, reaching ₹66.22 lakh crore from ₹58.96 lakh crore in June.
Dominated by 16 major fund houses, accounting for 90% of AUM.
Rising participation through Systematic Investment Plans (SIPs), especially in smaller cities.
Challenges: Recent stock market downturns could test new investors unfamiliar with market fluctuations.
Ranks and report news
Global Multidimensional Poverty Index (MPI) 2024: “Poverty Amid Conflict”
The Global Multidimensional Poverty Index (MPI) 2024 highlights the persistence of acute poverty worldwide, exacerbated by conflicts, fragility, and lack of peacefulness in many regions. The report underscores how these factors hinder or reverse progress in poverty reduction.
Key Findings of the MPI 2024
Global Statistics:
1.1 billion people (18.3%) in 112 countries live in acute multidimensional poverty.
455 million (40%) of the world’s poor reside in countries affected by war, fragility, or low peacefulness.
India’s Position:
India has the largest number of people living in poverty globally, with 234 million individuals.
Other countries with significant poverty numbers include:
Pakistan: 93 million
Ethiopia: 86 million
Nigeria: 74 million
Democratic Republic of Congo (DRC): 66 million
Child Poverty:
Children bear the brunt of multidimensional poverty, with 584 million children (over half of the 1.1 billion poor) affected.
28% of children globally live in poverty, compared to 13.5% of adults.
Report Details
Title: “Poverty Amid Conflict”
Release Date: 17th October 2024 (International Day for the Eradication of Poverty)
Joint Release By:
United Nations Development Programme (UNDP)
Oxford Poverty and Human Development Initiative (OPHI), University of Oxford
About UNDP
Feature
Details
Administrator
Achim Steiner
Headquarters
New York, USA
Established
1945
Appointment news
Itaru Otani Appointed as Chairman of India Yamaha Motor
Itaru Otani has been named the Chairman of India Yamaha Motor.
His appointment reflects Yamaha’s focus on strengthening its position in the highly competitive Indian two-wheeler market.
Strategic Vision for India
Otani’s leadership aims to align Yamaha’s offerings with the evolving preferences of Indian consumers.
Emphasis on developing innovative and stylish products tailored to meet local demands.
Strategic priorities include:
Strengthening Yamaha’s presence in both urban and rural markets.
Introducing technology-driven and environmentally friendly two-wheelers.
Science news
ISRO Begins Groundbreaking Analogue Space Mission in Leh
ISRO announced the launch of its analogue space mission in Leh, Ladakh. This innovative mission aims to simulate life in an interplanetary habitat, addressing the challenges associated with establishing a base station beyond Earth. Through this initiative, ISRO seeks to gather insights and prepare for future space exploration endeavors.
Mission Overview
Launch Date: November 1, 2024
Location: Leh, Ladakh
Objective: To simulate interplanetary living conditions and prepare for establishing extraterrestrial habitats.
Mission Objectives
Simulating Extreme Conditions
Ladakh’s climate provides a natural setting for testing extraterrestrial conditions.
Temperature Variations:
Summer: 3°C to 35°C
Winter: −20°C to −35°C with heavy snowfall
Focus: Replicating the environmental and geological challenges astronauts might face on Mars or the Moon.
Testing Astronaut Preparedness
Addressing potential challenges related to isolation, resource management, and adaptability.
Preparing astronauts for missions in extreme environments.
ISRO Quick Facts
Feature
Details
Chairman
S. Somnath
Head Office
Bengaluru
Jurisdiction
Department of Space
Space Kidz India’s ShakthiSAT Mission: Empowering Girls in STEM Across 108 Nations
Space Kidz India, a Chennai-based aerospace startup, has launched the ambitious ShakthiSAT mission, aiming to inspire and train 12,000 girls across 108 countries in the field of space technology. This initiative seeks to promote STEM education (Science, Technology, Engineering, and Mathematics) among girls, equipping them with critical skills and hands-on experience in space exploration.
Key Highlights
Mission Overview:
Focus: Empower girls aged 14-18 through space technology training.
Coverage: 108 nations; aims to train 12,000 girls worldwide.
Training Details:
120 hours of online training on topics including space technology, payload development, and spacecraft systems.
Following the online module, 108 students (one from each country) will travel to India for hands-on experience in payload and spacecraft prototype building.
Hands-on Training Period: June to August 2025.
Satellite Launch Plans:
The ShakthiSAT satellite will be launched as part of ISRO’s Chandrayaan-4 mission in 2026.
Inauguration:
The project is set to be officially unveiled by the President of India, Droupadi Murmu, in November 2024.
Mission Goals
Foster Interest in STEM: Encourage young girls worldwide to pursue careers in science and technology.
Promote Diversity: Provide global exposure and opportunities for students from diverse backgrounds.
Hands-on Learning: Bridge the gap between theoretical knowledge and practical application in space technology.
Impact
The ShakthiSAT mission is poised to inspire millions of young girls worldwide, establishing a global network of future leaders in space technology. By fostering STEM education and creating opportunities for hands-on learning, this initiative will contribute to building an inclusive and innovative future in aerospace.
Sports news
ISSF Athletes of the Year 2024: Yang Ji-in and Liu Yukun
At the ISSF World Cup Final Opening Ceremony on 14th October 2024, held at Dr. Karni Singh Range, Tughlakabad, New Delhi, India, the International Shooting Sport Federation (ISSF) honored Yang Ji-in (South Korea) and Liu Yukun (China) as the Athletes of the Year 2024.
Award Recipients
Yang Ji-in (South Korea)
Award: Female ISSF Athlete of the Year 2024.
Achievements:
Gold medalist in women’s 25m pistol at the Paris 2024 Olympic Games (France).
Gold medals in the 2024 Asian Rifle/Pistol Championships (Jakarta) and 2024 ISSF World Cup (Baku).
Reached the finals in 4 of 5 ISSF World Cup events this season.
Bronze medalist at the 2022 Asian Games in Hangzhou, China.
Liu Yukun (China)
Award: Male ISSF Athlete of the Year 2024.
Achievements:
Olympic gold medalist in men’s 50m rifle 3 positions at the Paris 2024 Olympic Games with a final score of 463.6.
Set an Olympic record with a qualification score of 594.
Winner of the 2024 ISSF World Cup (Baku) in men’s 50m rifle 3 positions.
About the ISSF
President: Luciano Rossi
Headquarters: Munich, Germany
Role: Governs international shooting sports competitions and sets global standards for the sport.
Important days
63rd ITBP Raising Day: 24th October 2024
The Indo-Tibetan Border Police (ITBP) Raising Day is observed annually on 24th October, commemorating the establishment of the ITBP in 1962.
Key Highlights
Significance:
Acknowledges the ITBP’s dedication to securing India’s borders, especially along the Indo-China border, and fostering safety in remote regions.
Marks 63 years of service and commitment in 2024.
Role:
ITBP serves as a Central Armed Police Force under the Ministry of Home Affairs (MHA).
Plays a vital role in border security, disaster response, anti-Naxal operations, and assisting in community development in border areas.
About ITBP
Director General (DG): Rahul Rasgotra
Headquarters: New Delhi, Delhi
Established: 1962
Motto: Shaurya-Dridhata-Karma Nishtha (Valour-Determination-Devotion to Duty)
Durgesh Aranya Zoological Park Set to Achieve India’s First IGBC Certification
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu announced on 30th October 2024 that Durgesh Aranya Zoological Park in Kangra’s Dehra assembly constituency will be India’s first zoo to receive IGBC certification for sustainable and eco-friendly infrastructure.
IGBC Certification Goals: Focuses on sustainable structural design, landscape planning, and high environmental standards.
Unique Features:
Nocturnal house for elusive feline species.
Wetland aviary showcasing indigenous birds.
Animal Enclosures & Species:
Approved by the Central Zoo Authority (CZA) with 34 enclosures.
Houses 73 species, including Asiatic lions, hog deer, crocodiles, monitor lizards, gharials, and various birds.
Eco-Tourism and Economic Impact:
Expected to boost tourism and local economy by creating employment opportunities.
Reinforces Kangra as the “Tourism Capital” of Himachal Pradesh.
About IGBC:
A part of the Confederation of Indian Industry (CII), established in 2001, headquartered in Hyderabad.
Offers green building certifications based on six environmental criteria: sustainability, hygiene, energy and water efficiency, innovation, and smart initiatives.
Himachal Pradesh National Parks:
Great Himalayan National Park
Inderkilla National Park
Khirganga National Park
Pin Valley National Park
Simbalbara (Col. Sher Jung) National Park
Guinness Records Set in Ayodhya Over 25 lakhs Diyas on Deepotsav 2024
During the grand ‘Deepotsav 2024‘ celebrations, Ayodhya made history by setting two Guinness World Records on 30th October evening. In a dazzling spectacle, the Uttar Pradesh Tourism Department, alongside the district administration, illuminated the banks of the Saryu River with over 25 lakh diyas (earthen lamps), creating the world’s largest display of oil lamps.
Record-Breaking Feats:
Largest Display of Oil Lamps:
2,512,585 diyas lit along the Saryu River banks.
Most People Performing Diya Rotation Simultaneously:
Thousands participated in this traditional ritual.
Certificates presented by Guinness World Records to CM Yogi Adityanath.
Celebration Highlights:
Decorations: Thousands of diyas, illuminated ghats, and riverbanks.
Shows:
Laser and sound displays narrating Ram Leela episodes.
Drone shows and fireworks added a modern touch.
Cultural Displays:
18 elaborate tableaux depicting Lord Ram’s life.
Chariot procession led by CM Yogi, featuring artists as Lord Ram, Sita, and Lakshman.
Dignitaries Present:
CM Yogi Adityanath, Union Minister Gajendra Singh Shekhawat, Deputy CMs Brajesh Pathak and Keshav Prasad Maurya.
Address by CM Yogi Adityanath:
Revival of Sanatan Dharma: Ayodhya and Kashi as symbols of spiritual resurgence.
Development: Emphasized Ayodhya’s transformation under the “double-engine” government.
Warned against opposition to progress, citing strict action against mafias.
Tourism and Cultural Initiatives:
Tourism App Launch: To facilitate visits and promote Ayodhya as a major cultural hub.
Book Release: Authored by Ayodhya’s Mayor, focusing on cultural documentation.
Impact:
Deepotsav enhanced Ayodhya’s global recognition as a cultural and spiritual center, blending heritage with innovation through modern displays and traditional customs.
International news
One District One Product’ Promoted by Piyush Goyal During Riyadh Visit
On October 31, 2024, Piyush Goyal inaugurated the “One District One Product” (ODOP) Wall at the Indian Embassy in Riyadh during a two-day visit to Saudi Arabia.
Objective of ODOP:
Highlight unique local products from Indian districts on international platforms as part of the “Made in India” initiative.
Transform districts into export hubs, fostering economic growth and employment, particularly in rural areas.
Economic Empowerment:
The program supports Indian artisans and entrepreneurs by creating sustainable livelihoods and global market access.
Partnerships with international retail chains boost the visibility and demand for local products.
Key Engagements:
ICAI Interaction: Goyal encouraged members of the Institute of Chartered Accountants of India in Saudi Arabia to adopt best practices and enhance economic ties.
Cultural Event: Participated in Diwali celebrations and the closing ceremony of “Pravasi Parichay,” connecting the Indian diaspora with their heritage.
Recognition of Indian Diaspora: Goyal praised the diaspora for their contributions to India’s economy and their role in fostering India-Saudi Arabia cultural and economic ties.
Strategic Partnership: The visit reinforced the India-Saudi Arabia strategic partnership, focusing on trade, investment, and economic cooperation.
About ODOP Program:
Launched in 2018 by the Ministry of Food Processing Industries.
Aims to foster economic and socio-cultural growth and promote specialized district products for export.
Economy news
NIPFP Lowers India’s GDP Growth Forecast for FY2024-25
On October 2024, the National Institute of Public Finance and Policy (NIPFP), a prominent economic think tank based in New Delhi, released its “FY2024-25: Mid Year Macroeconomic Review”. The report revised India’s GDP growth forecast for the financial year 2024-25 (FY25), lowering it to 6.9% – 7.1%, from the earlier forecast of 7.1% – 7.4% made in April.
Key Highlights:
Capex Contraction: The report highlighted a 19.5% contraction in capital expenditure (Capex) between April-August 2024 compared to the same period in the previous year, primarily due to the election code of conduct.
1st Quarter Performance: The report noted that aggregate demand growth in the 1st quarter (Q1) of FY25 (April-June) had moderated to 6.6% Year-on-Year (Y-o-Y). This was attributed to a decline in government spending and net exports, despite strong growth in private consumption.
Inflation Projection: The average annual inflation for FY25 is projected to be 4.3%, slightly higher than the Monetary Policy Committee’s (MPC) target of 4%.
About NIPFP:
Chairman: Dr. Urjit Patel
Headquarters: New Delhi, Delhi
Established: 1976
Banking news
RBI’s Diwali’s Plan Transporting 102 Tonnes from England
On Dhanteras (October 29, 2024),the Reserve Bank of India (RBI) announced the successful transportation of 102 tonnes of gold from the Bank of England to secure storage facilities in India.
Objective: Strengthen India’s gold reserves and ensure financial security amid global geopolitical tensions.
Transportation Highlights: Meticulously planned and discreet operation to safeguard national assets.
India’s Gold Reserves (as of September 2024):
Total: 854.73 metric tonnes
510.46 metric tonnes held domestically.
324.01 metric tonnes stored with the Bank of England and the BIS.
20.26 metric tonnes held as gold deposits.
Share of gold in forex reserves increased from 8.15% (March 2024) to 9.32% (September 2024).
Recent Trends: Since September 2022, 214 tonnes of gold have been repatriated, including 100 tonnes in May 2024.
Why Store Gold in England?
The Bank of England provides access to the London bullion market, the second-largest global gold custodian.
Economic Significance of Gold:
Historical Role: Former reserve currency, retains intrinsic value amid currency volatility.
Inflation Hedge: Gold is a stable asset with limited supply, holding value better than currencies during inflation.
Currency Strength: Boosts a nation’s currency value, enhancing export competitiveness.
RBI’s Reasons for Gold Accumulation:
Hedge against negative real interest rates on US bonds.
Mitigation of geopolitical risks like the Russia-Ukraine conflict.
Diversification of forex reserves with a safer and liquid asset.
Defence news
SIMBEX 2024: Strengthening India-Singapore Naval Partnership in its 31st Edition
On October 23-29, 2024, the 31st edition of joint Singapore-India Maritime Bilateral Exercise (SIMBEX) 2024 conducted off the coast of Visakhapatnam, Andhra Pradesh. This annual event aimed at enhancing naval cooperation between the Indian Navy (IN) and the Republic of Singapore Navy (RSN).
The opening ceremony was conducted onboard Indian Naval Ship (INS) Shivalik.
The exercise is conducted in two phases – the Harbour Phase from 23 to 25 October at Visakhapatnam, Andhrapradesh and the Sea Phase from 28 to 29 October in the Bay of Bengal.
Phases:
Harbour Phase (October 23-25):
Held at the Eastern Naval Command, Visakhapatnam.
Focused on interpersonal relationships through cultural exchanges and sports.
Included subject matter expert exchanges and pre-sail briefings.
Sea Phase (October 28-29):
Conducted in the Bay of Bengal.
Featured advanced naval drills, including:
Live weapon firings.
Anti-Submarine Warfare (ASW) training.
Tactical maneuvers.
Objectives:
Strengthening the strategic partnership between India and Singapore.
Enhancing interoperability and maritime domain awareness.
Fostering cooperation to address common maritime challenges.
Participants:
Indian Navy (IN):
INS Shivalik (Shivalik-class frigate) with MH-60R Seahawk.
Sindhughosh-class submarine, P-81 maritime patrol aircraft, and MiG-29K fighter jets.
Republic of Singapore Navy (RSN):
RSS Tenacious (Formidable-class frigate) with S-70B Seahawk naval helicopter.
Historical Context of SIMBEX:
Initiated in 1994 as Exercise Lion King.
Evolved into the longest continuous naval exercise conducted by the Indian Navy with any foreign navy, signifying a strong India-Singapore naval partnership.
About Singapore:
Capital: Singapore City.
Currency: Singapore Dollar (SGD).
Prime Minister: Lawrence Wong.
Ministry of Defence Contracts Chowgule & Company for Indigenous Hovercraft Production
On Oct, 2024, the Ministry of Defence (MoD) signed a Rs. 387.44 crore contract with Goa-based Chowgule & Company Private Limited to procure six Air Cushion Vehicles (ACVs) for the Indian Coast Guard (ICG).
The contract is classified under the ‘Buy {Indian}’ category, promoting indigenous manufacturing.
Significance
Aatmanirbhar Bharat Initiative:
The ACVs will be manufactured entirely in India, marking a milestone in the country’s shipbuilding industry and enhancing self-reliance.
This is the first-ever indigenous production of ACVs in India’s history.
Support to MSMEs:
The project will involve various Micro, Small, and Medium Enterprises (MSMEs), boosting their growth and fostering technological advancements.
Technical Impact:
Enhances India’s capabilities in producing amphibious and multi-terrain vehicles.
About Air Cushion Vehicles (ACVs)
Also known as Hovercrafts, these are amphibious vehicles capable of operating on water, mud, sand, and ice.
Hovering is achieved using a high-pressure air cushion, allowing smooth travel without surface contact.
About Indian Coast Guard (ICG)
Director General: Paramesh Sivamani
Founded: 1977
Headquarters: New Delhi, Delhi
Indian Navy Launches ‘Abhay’ – 7th Vessel in ASW SWC Series
The Indian Navy launched ‘Abhay’, the 7th vessel in the Anti-Submarine Warfare Shallow Water Craft (ASW SWC) series, at L&T Kattupalli, Tamil Nadu. The launch event was presided over by Vice Admiral Rajesh Pendharkar, the Flag Officer Commanding-in-Chief of the Eastern Naval Command (FOC-in-C East).
Sandhya Pendharkar, President of the Navy Welfare and Wellness Association (NWWA), Eastern Region, formally launched the ship.
The Ministry of Defence (MOD) and Garden Reach Shipbuilders and Engineers (GRSE) had signed a contract in April 2019 for the construction of eight ASW SWC vessels.
This project is in line with the Aatmanirbhar Bharat initiative, featuring over 80% indigenous content.
Indian Army Departs for 15th Edition of Joint Special Forces Exercise VAJRA PRAHAR with US Army
An Indian Army contingent has departed to participate in the 15th edition of Exercise VAJRA PRAHAR, a joint Special Forces military exercise between India and the United States. The exercise will take place from November 2 to November 22, 2024, at the Orchard Combat Training Centre, Idaho, USA. This marks a continuation of deepening defence cooperation between the two nations. The 14th edition was conducted in Umroi, Meghalaya, in December 2023.
Key Highlights:
Participants:
Indian Army: Elite Special Forces known for their versatility and resilience.
US Army: Green Berets, specialists in unconventional warfare and high-stakes operations.
Each contingent will consist of 45 highly trained personnel.
Objective:
Enhance interoperability and joint tactical proficiency.
Familiarize forces with each other’s special operations strategies.
Prepare for collaboration in desert and semi-desert environments.
India-US Defence Partnership in 2024
This year has seen two significant joint military engagements between the Indian and US armies:
Exercise YUDH ABHYAS 2024: Conducted in Rajasthan’s desert terrain in September 2024.
Exercise VAJRA PRAHAR 2024: Focused on special operations and tactical cooperation
Indian Army Departs for 9th Edition of India-Indonesia Joint Special Forces Exercise GARUD SHAKTI 24
The Indian Army contingent, comprising 25 skilled personnel from The Parachute Regiment (Special Forces), has departed for Cijantung, Jakarta, Indonesia, to participate in the 9th edition of the India-Indonesia Joint Special Forces Exercise, GARUD SHAKTI 24. The exercise is scheduled to take place from November 1 to November 12, 2024. This joint effort reflects the robust military ties and shared strategic priorities of India and Indonesia in the Indo-Pacific region.
Participants and Contingent Details
India: The elite Parachute Regiment (Special Forces), known for its expertise in unconventional warfare and resilience under challenging conditions.
Indonesia: The Kopassus (Special Forces Command), a 40-member contingent recognized for its expertise in counter-terrorism and strategic operations.
Key Objectives of GARUD SHAKTI 24
Enhancing Interoperability:
Acquaint both armies with each other’s tactical techniques, operating procedures, and military strategies.
Strengthening Bilateral Ties:
Foster mutual understanding and cooperation between the Special Forces of both nations.
Tactical Readiness:
Conduct joint training to enhance preparedness for future collaborative missions.
Knowledge Exchange:
Share experiences, operational insights, and best practices in areas such as counter-terrorism and strategic planning.
Significance of GARUD SHAKTI 24
Strengthens India’s defence partnerships in the Indo-Pacific region.
Promotes military-to-military collaboration, advancing common security goals.
Enhances readiness for addressing regional and global challenges collectively.
Appointment news
Rashmika Mandanna Appointed National Ambassador for Cyber Safety
Indian actress Rashmika Mandanna has been appointed as the National Ambassador for Cyber Safety by the Indian Cybercrime Coordination Centre (I4C), under the Ministry of Home Affairs (MHA).
Rashmika will lead a nationwide campaign aimed at raising awareness about cyber threats, cyberbullying, and AI-generated malicious content.
Her personal experience with cybercrime brings added credibility to her role in promoting online safety across India.
About I4C:
Established in 2018 by the Ministry of Home Affairs (MHA), I4C serves as the nodal point for combating cybercrime in India.
It provides a coordinated and comprehensive framework for Law Enforcement Agencies (LEAs) to effectively address cyber threats.
Dr. Jacqueline d’Arros Hughes Appointed as Secretary General of the World Agriculture Forum
Dr. Jacqueline d’Arros Hughes, the outgoing Director General of the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), will assume the role of Secretary General of the World Agriculture Forum (WAF) in mid-November 2024. Her appointment underscores her exceptional leadership and dedication to sustainable agriculture and food security.
Highlights of Dr. Hughes’ Career:
Experience: Over 30 years in agricultural research for development, focusing on sustainable agriculture, food security, and rural development.
Global Impact: Her work has significantly benefited vulnerable regions in Africa and Asia, addressing critical challenges in agriculture.
Leadership at ICRISAT: As the Director General, Dr. Hughes demonstrated her commitment to tackling pressing global agricultural issues through innovation and collaboration.
About the World Agriculture Forum (WAF): WAF serves as a global platform that advocates for sustainable agricultural transformation, addressing challenges and fostering international cooperation for the future of agriculture.
Sports news
Ravindra Jadeja Climbs to 5th Spot in India’s Test Wicket List
Ravindra Jadeja surpassed Ishant Sharma’s tally of 311 wickets to secure the fifth position among India’s all-time Test wicket-takers during the first day of the third Test against New Zealand in Mumbai.
Top Indian Test Wicket-Takers:
Anil Kumble
Ravichandran Ashwin
Kapil Dev
Harbhajan Singh
Ravindra Jadeja
Career Highlights:
Jadeja’s consistency as an all-rounder reflects his impact with both ball and bat.
His ability to break partnerships, contain runs, and adapt to various match situations has been instrumental in India’s Test success.
Significance:
Achieving this milestone as an all-rounder underscores Jadeja’s dual contribution to Indian cricket as a frontline bowler and dependable batsman.
Maria Sharapova and Bryan Brothers to Be Inducted into International Tennis Hall of Fame – Class of 2025
Russian tennis legend Maria Sharapova and the iconic American doubles players Bob Bryan and Mike Bryan have been selected for induction into the International Tennis Hall of Fame as part of the Class of 2025.
The official induction ceremony will take place during the Induction Celebration in Newport, Rhode Island, USA, from August 21 to 23, 2025.
Sharapova and the Bryan brothers will join an elite group of 267 inductees from 28 countries.
About the International Tennis Hall of Fame:
Chief Executive Officer (CEO): Dan Faber
Location: Newport, Rhode Island, USA
Established: 1954
Important days
National Unity Day 2024 A Tribute to the Iron Man, Nation Celebrated
October 31st, India celebrates National Unity Day to honor the birth anniversary of Sardar Vallabhbhai Patel, a key figure in the nation’s independence movement and its first Deputy Prime Minister and Home Minister. Known as the “Iron Man of India,” Patel was instrumental in uniting the country’s diverse princely states into a single, independent nation.
Key Events of Ekta Diwas Parade 2024:
Participants:
16 marching contingents, including nine states, one Union Territory, Central Armed Police Forces, NCC, and a school band.
Special Attractions:
Hell March: By the NSG.
Daredevil Biking: Performed by BSF and CRPF bikers.
Martial Arts: Showcased by BSF.
Surya Kiran Flypast: Aerobatic display by the Indian Air Force.
Tribute by PM Narendra Modi:
Location: Statue of Unity, Kevadia, Gujarat.
Ceremonial Tribute: Unity Oath, wreath-laying, and attending the Unity Day Parade.
Message on X: Honored Patel’s commitment to India’s unity and sovereignty, calling his legacy an inspiration for future generations.
Legacy of Sardar Vallabhbhai Patel:
Born: October 31, 1875, in Nadiad, Gujarat.
Role:
Integral leader of the Indian independence movement.
Known as the “Iron Man of India” for uniting over 560 princely states into one nation.
Inspiration: His leadership and dedication continue to symbolize strength, unity, and patriotism in India.
