Title: Mandate against hate: On the INDIA bloc and the Jharkhand election result
The victory in Jharkhand is an encouraging triumph not just for the ruling Jharkhand Mukti Morcha (JMM) but also the INDIA bloc parties led by the Congress, which are reeling after a massive loss in the bigger State of Maharashtra. Fashioned by the efforts of the JMM, which remains the premier party of choice for the State’s tribal electorate, the victory was also made possible by the coalition partners, the Congress, the Rashtriya Janata Dal and the CPI(ML)-Liberation pitching in with good performances. The cumulative adding up of the bases of these respective parties helped the JMM-led alliance earn the confidence of voters beyond seats reserved for the Scheduled Tribes, as the coalition defeated the Bharatiya Janata Party in seats reserved for Scheduled Castes and non-reserved ones as well. Clearly, the arrest and subsequent release on bail of Chief Minister Hemant Soren played a role in the consolidation of support for the ruling party as the electorate did not buy into the allegations of corruption and the BJP’s narrative about the government. Mr. Soren belied expectations of the BJP building on its success in the 2024 general election where its alliance won nine of the 14 constituencies in the State. The BJP had also stitched a coalition with the All Jharkhand Students Union Party (AJSUP) — which eluded it in the 2019 Assembly election — and managed to rope in former Chief Minister Champai Soren through a defection from his parent JMM. These efforts to negate the JMM’s sway over tribal voters came a cropper as Mr. Champai Soren’s influence was limited to his constituency and the AJSUP won only one of the 10 seats it contested.
More importantly, the JMM and the INDIA bloc were successful in negating the shrill campaign led by the BJP on the manufactured issue of “infiltration of Bangladeshi immigrants” into the Santhal Pargana region of northeast Jharkhand. This was a thinly veiled attempt at mobilising tribals using the agenda of Hindutva, which includes the pernicious “othering” of Muslims, and to drive a wedge between them and religious minorities. Santhal Pargana decisively voted for the JMM and its allies — 52% of the electorate favoured the ruling coalition, the highest among all regions in the State. Mr. Soren and the JMM’s ploy to negate this rhetoric as being divisive and manufactured and, instead, focusing on tribal unity, worked well. The Jharkhand victory also marks a rare triumph for a non-BJP alliance or a party in North India while being an incumbent in power. Yet, the JMM’s challenges in governing one of India’s poorest States in terms of per capita income, despite being a mineral rich one, will remain. The JMM government sought to focus on welfare to retain its support but it must now focus on job creation and utilising its mineral wealth efficiently.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
electorate
Its refer to the collective group of people who have the legal right to vote in elections
Voters Constituents Electors Public
Nonvoters Nonparticipants Absentees Citizens without voting right
shrill
It refers to a sound that is high-pitched, piercing, and often unpleasant or harsh to the ears.
Piercing High-pitched Screeching Strident
Soft Low-pitched Smooth Soothing
pernicious
It refers to something that causes serious damage or injury, typically over time, and can often be difficult to detect until it has caused significant harm..
Smriti Irani Highlights Strong India-UAE Ties at Roundtable Discussion
Smriti Irani, former Union Minister and BJP leader, emphasized that India and UAE share a unique relationship rooted in history and shared values.
During the India-UAE Roundtable, titled “India-UAE Synergies: Exploring Strategic Market Opportunities in India”, Irani highlighted that under Prime Minister Narendra Modi’s leadership, India is emerging as a rising economic power and a beacon of innovation and progress.
The roundtable was hosted by Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Ajman Government Executive Council, at his residence in Ajman.
Sheikh Rashid emphasized that the roundtable serves as a platform to explore the potential of India-UAE relations, especially in technology, renewable energy, and education sectors.
ABOUT UAE:
Capital: Abu Dhabi
Prime Minister: Sheikh Mohammed bin Rashid Al Maktoum
Currency: Dirham
Health and Education Ministries Sign MoU to Support IMS, BHU
The Ministry of Health and Family Welfare signed an MoU with Banaras Hindu University (BHU) and the Ministry of Education to support the Institute of Medical Sciences (IMS) at BHU.
The MoU provides for a grant-in-aid to IMS, BHU, in alignment with the establishment of new All India Institute of Medical Sciences (AIIMS) under the Pradhan Mantri Swasthya Suraksha Yojana.
The MoU was signed in New Delhi, with Union Minister of Health and Family Welfare, J.P. Nadda, and Union Education Minister, Dharmendra Pradhan in attendance.
J.P. Nadda described the MoU as historic, emphasizing the “whole of government” approach, promoting collaboration among different ministries for public welfare.
Dharmendra Pradhan highlighted that the MoU will help establish IMS, BHU as a world-class institute, enhancing affordable health care and clinical services in the region, reducing the need for referrals.
AboutAll India Institute of Medical Sciences :
· Established: 1956
· Chairman : Dr. M . Srinivas
· Headquarters: New Delhi, India
PM Modi to Address Nation in 116th Episode of ‘Mann Ki Baat’
Prime Minister Narendra Modi will share his thoughts in the 116th episode of the ‘Mann Ki Baat’ radio programme on November 24.
The programme will be aired on Akashvani, Doordarshan, the AIR News website, and the Newsonair mobile app.
It will also be live-streamed on YouTube channels of AIR News, DD News, PMO, and the Information and Broadcasting Ministry.
The regional language broadcasts will follow the Hindi version on Akashvani.
This episode of Mann Ki Baat is part of the Prime Minister’s regular engagement with the public, where he discusses national and global issues, shares important government initiatives, and interacts with the citizens.
About All India Radio :
· Established: 1936
· Headquarters: New Delhi, India
· Chairman : Navneet Kumar Sehga
Dharmendra Pradhan and Mansukh Mandaviya Launch World Bank’s ‘Jobs at Your Doorstep’ Report
Union Education Minister Dharmendra Pradhan and Labour and Employment Minister Mansukh Mandaviya launched the ‘Jobs at Your Doorstep’ report by the World Bank in New Delhi.
Dharmendra Pradhan praised the World Bank team for the comprehensive analysis on six states and suggested adopting a pan-India framework for the report.
Pradhan emphasized that the report’s in-depth diagnostics on skilling and jobs will help create progressive policies and new architectures to empower the population.
He stressed the need to broaden the definition of jobs and employment, especially considering the impact of technological disruptions on the nature of jobs and economic activities.
Pradhan highlighted the importance of upskilling and reskilling the workforce to adapt to future challenges.
Mansukh Mandaviya referred to the last budget proposal for developing a curriculum to utilize region-specific skills and employment opportunities. He also stressed the need to incorporate informal education into formal academic systems.
About world Bank :
Established: 1944
Headquarters: Washington, D.C., United States
Chairman: Ajay Banga
International news
India Sends Second Consignment of Haemo-Dialysis Machines to Pacific Islands
India has dispatched the second consignment of Haemo-Dialysis machines with portable RO units to the Pacific Islands, fulfilling its commitment made at the FIPIC Summit.
The consignment includes:
Three units sent to the Marshall Islands.
One unit each to Samoa, Solomon Islands, and Nauru.
This initiative aims to support the healthcare infrastructure of the Pacific Islands, particularly in providing dialysis treatment.
India-Russia Strengthen Defence Ties at 22nd Working Group Meeting
The 22nd meeting of the India-Russia Working Group on Military Technical Cooperation was held in New Delhi.
The meeting was part of the India-Russia Inter-Governmental Commission on Military and Military Technical Cooperation (IRIGC-M&MTC).
The meeting was co-chaired by Sanjeev Kumar, Secretary of Defence Production from India, and A. Boytsov, First Deputy Director of the Federal Service for Military Technical Cooperation from Russia.
The meeting aimed at strengthening defence ties and enhancing cooperation in military technical areas between India and Russia.
About Russia :
Capital: Moscow
Prime Minister: Mikhail Mishustin
Currency: Russian Ruble (RUB)
SCIENCE AND TECHNOLOGY NEWS
Indian Scientists Identify New Pathway for Monkeypox Detection and Diagnostics
Scientists from Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) have identified a new pathway for detecting Monkeypox and developing diagnostic tools.
They characterized DNA sequences within the Monkeypox virus (MPV) genome, which could be targeted for detection and treatment.
The Science and Technology Ministry highlighted the significance of identifying unusual nucleic acid structures, including G-quadruplex sequences (GQs), which are not found in other pox viruses or the human genome.
These unique GQs in the MPV genome make them valuable targets for developing diagnostic tools and potential antiviral treatments.
The outbreak of Mpox has raised concerns due to its unanticipated spread and unclear transmission methods, making this research important for understanding the virus and its virology.
The discovery of these GQ sequences may also aid in the development of therapeutic interventions for Monkeypox.
AboutJawaharlal Nehru Centre for Advanced Scientific Research
Established: 1989
Headquarters: Bengaluru, Karnataka, India
President & Deans · Prof. G.U. Kulkarni
STATE NEWS
South Central Railway Launches First Banana Export Train from Andhra Pradesh
South Central Railway launched the first Banana Export Train from Tadipatri, Andhra Pradesh.
The train is carrying 680 tonnes of bananas to Jawaharlal Nehru Port in Mumbai for export.
The bananas will be exported to Middle Eastern countries, including Iraq, Qatar, Kuwait, and Saudi Arabia.
CONCOR is providing end-to-end logistics to ensure smooth transportation.
This initiative aims to strengthen global trade by boosting agricultural exports and highlights the important role of Indian Railways in supporting farmers and the economy.
About Andhra Pradesh :
Chief Minister (CM): Sri Nara Chandra Babu Naidu
Capital: Amaravati
National Parks:
Rajiv Gandhi National Park (also known as Rajiv Gandhi Wildlife Sanctuary)
Koringa Wildlife Sanctuary
Sri Venkateswara National Park
CAQM Urges Delhi-NCR States to Launch Special Drive for Impounding End of Life Vehicles
The Commission for Air Quality Management (CAQM) has urged all Delhi-NCR states to start a special drive for impounding End of Life Vehicles.
Data from Traffic Police, Transport agencies, and municipal authorities on such vehicles must be compiled and submitted to the CAQM through the nodal agency.
CAQM held a review meeting to ensure the strict implementation of the Graded Response Action Plan (GRAP) in the NCR region.
The Commission has focused on:
Controlling construction and demolition dust.
Intensifying prevention of such activities.
Revising inspection protocols for fire incidents in Punjab and Haryana (from 48 hours to 24 hours).
Special attention must be given to hotspots in Delhi and checking entry points for non-permitted vehicles.
The CAQM has directed that pending citizen complaints on apps and social media must be resolved in a time-bound manner.
Daily reporting of actions under GRAP must be provided to the Commission.
AWARDS AND RECOGNITION NEWS
Maria Victoria Kjær Theilvig Crowned Miss Universe 2024
Maria Victoria Kjær Theilvig (21) from Denmark was crowned Miss Universe 2024 at the 73rd edition of the pageant, held at the Arena in Mexico City.
Denmark celebrates its first-ever victory in the Miss Universe competition.
The pageant had 125 contestants participating from around the world.
Victoria Kjær Theilvig was crowned by Sheynnis Palacios (Miss Universe 2023) from Nicaragua.
Miss Nigeria, Chidimma Adetshina, secured the 1st Runner-up spot, while Miss Mexico, Maria Fernanda Beltran, finished as 2nd Runner-up.
India’s representative, Rhea Singha from Gujarat, made it to the top 30 finalists.
Victoria Kjaer Theilvig becomes the first blonde woman to win Miss Universe since Jennifer Hawkins of Australia in 2004.
About Denmark :
· Capital: Copenhagen
· Currency: Danish Krone (DKK)
· Prime Minister: Mette Frederiksen
82 Young Artists Honored with Ustad Bismillah Khan Yuva Puraskar
82 young artists were conferred with the Ustad Bismillah Khan Yuva Puraskar for the years 2022 and 2023 at a ceremony in New Delhi.
The awards were presented by Culture Ministry Secretary Arunish Chawla.
The Yuva Puraskar recognizes outstanding young talent in music, dance, drama, folk, and tribal art forms.
Each award carries a purse money of ₹25,000 and is presented to artists under the age of 40.
Yusuf Khan Mewati, an awardee from Rajasthan, expressed his gratitude and excitement for receiving the award.
Padma Dolker became the first young artist from Ladakh to receive the honor, sharing her joy at this milestone.
Title: Shielding Adani: On the U.S. indictment, the Indian government’s stand
It will be a matter of everlasting shame if there is no domestic investigation by Indian agencies into allegations by the U.S. Department of Justice that billionaire businessman Gautam Adani and his associates offered bribes to officials in more than one State. Federal prosecutors have filed their indictment based on perceived violations of U.S. laws that prohibit corrupt transactions with foreign entities. India will have to order its own probe in terms of domestic anti-corruption law. So far, especially following revelations by Hindenburg Research, a U.S.-based short-seller, the Modi regime has shown a marked reluctance to countenance the idea of any wrongdoing by the Adani Group. The BJP has been putting up a stout defence of the group as though its political interests are inseparable from Mr. Adani’s corporate interests. The Union government has so far remained impervious to entreaties from the Opposition for a joint parliamentary committee probe into the allegations, which range from manipulation of share prices, non-disclosure of related party transactions, round-tripping of funds and even regulatory capture. Sporadic and possibly perfunctory probes by some agencies have yielded little by way of action. However, the Supreme Court of India found the outcome of investigations by the market regulator, the Securities and Exchange Board of India, credible enough to reject a demand for handing the Adani probe to an independent agency.
Several State governments, most notably Andhra Pradesh, have now been named in the overseas indictment pertaining to the supply of solar power from Adani Green and Azure Power Global Ltd., the companies at the centre of the storm. The alleged amount offered as bribes amounted to ₹2,029 crore ($265 million), of which ₹1,750 crore was meant for a ‘foreign official’ in Andhra Pradesh. The YSR Congress Party, which was in power in A.P. at the relevant time, and the Tamil Nadu government, have denied any link with the Adani Group, maintaining that their deals were with the SECI. The indictment, however, talks of internal messages among the defendants about how “the discoms are being motivated”. Instead of taking potshots at the non-BJP parties that ran these State governments at the relevant time, the Centre should shed its reluctance to investigate the Adani Group. The fortunes of Mr. Adani, counted as one of the world’s richest, may now see a steep spiral, as not only have shares of his companies crashed but also countries that have entered investments from his conglomerate may turn their backs on him. However, this is not an issue about one tycoon suffering a setback due to developments beyond the control of his political patrons. It is about how far a government can be seen as shielding an individual.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
perceived
Its refers to the interpretation or understanding that an individual or group gives to something based on their personal experiences.
Viewed Seen Recognized Observed
Ignored Overlooked Missed Unnoticed
prohibit
It is often used in legal, official, or authoritative contexts to indicate a restriction or ban on an action, behavior, or practice.
Forbid Ban Exclude Restrict
Allow Permit Enable Authorize
impervious
It means not affected or influenced by something, or not allowing something to pass through.
India and Maldives Sign MoU to Promote Use of Local Currencies in Cross-Border Transactions
India and Maldives have signed a Memorandum of Understanding (MoU) to promote the use of their local currencies, Indian Rupee (INR) and Maldivian Rufiyaa (MVR), in cross-border transactions.
The MoU was signed by RBI Governor Shaktikanta Das and MMA Governor Ahmed Munawar in Mumbai.
The agreement encourages the use of INR and MVR in current account transactions, permissible capital account transactions, and other financial dealings as agreed by both countries.
The framework aims to optimize transaction costs and reduce settlement times for cross-border transactions.
This initiative will allow exporters and importers to invoice and settle payments in their respective domestic currencies, promoting trade in the INR-MVR foreign exchange pair.
This step will deepen financial integration and strengthen economic ties between India and the Maldives.
About Maldives:
Governor: Ahmed Munawar
capital : Malé.
Currency: Maldivian Rufiyaa (MVR)
Official Language: Dhivehi
EPFO Registers 18.81 Lakh New Members in September, Reflecting Growth in Employment
EPFO (Employees’ Provident Fund Organisation) added 18.81 lakh new members in September 2024, marking a 9.33% growth compared to the same month last year.
The increase in membership is attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO’s outreach initiatives.
The provisional payroll data revealed that 9.47 lakh new members were enrolled in September of the current fiscal year.
The majority of new members (over 59%) belong to the 18 to 25 age group.
2.47 lakh women were added as new members, indicating a significant rise in female workforce participation.
About Employees’ Provident Fund Organisation (EPFO) :
Established: 1952
Headquarters: New Delhi, India
Chairman: Bhupender Yadav
Jitendra Singh Launches VISION Portal to Empower Underprivileged Children with Skills
Dr. Jitendra Singh, the Minister of Science and Technology, inaugurated the VISION Portal (Viksit Bharat Initiative for Student Innovation and Outreach Network) in New Delhi.
The initiative is focused on nurturing education, skill development, and innovation among underprivileged children across India.
The Minister praised the entrepreneurial vision behind the portal and its efforts to democratize opportunities for students nationwide.
The portal will act as a gateway for students, particularly those in remote areas, to access mentorship and training.
Dr. Singh emphasized how reaching out to underprivileged youngsters helps in democratizing Startup skills.
He highlighted India’s progress in startups, biotechnology, and space industries.
The initiative aligns with the country’s goals under Vision India 2047, aiming to make India a global leader in technology, education, and economic growth.
Govt Directs EPFO to Ensure UAN Activation Through Aadhaar-Based OTP
The Government has directed the Employees’ Provident Fund Organisation (EPFO) to ensure the activation of the Universal Account Number (UAN) for employees through Aadhaar-based OTP.
The Labour and Employment Ministry has instructed EPFO to collaborate with employers in a campaign mode to maximize the benefits of the Employment Linked Incentive Scheme announced in the Union Budget 2024-25.
Stage 1: Employers must complete UAN activation through Aadhaar-based OTP for all employees joining in the current financial year by 30th November.
Stage 2: Biometric authentication through face-recognition technology will be introduced for UAN activation.
UAN activation will give employees seamless access to EPFO’s online services, such as managing Provident Fund accounts, submitting online claims, and tracking claims in real-time.
PM Modi to Inaugurate ICA Global Cooperative Conference on Nov 25
Prime Minister Narendra Modi will inaugurate the ICA Global Cooperative Conference on November 25 at Bharat Mandapam in New Delhi.
This is the first time the Global Cooperative Conference and General Assembly are being held in India.
Dr. Ashish Kumar Bhutani, Secretary of the Ministry of Cooperation, announced that PM Modi will also launch a commemorative stamp marking the International Year of Cooperatives 2025.
The theme of the six-day conference is “Cooperatives Build Prosperity for All.”
The conference will discuss the role of cooperatives in fostering a collective, peaceful, and prosperous future for all.
Key international attendees include Prime Minister of BhutanDasho Tshering Tobgay and Deputy Prime Minister of FijiManoa Kamikamica.
International news
Armenia Becomes 104th Full Member of International Solar Alliance
Armenia has officially become the 104th full member of the International Solar Alliance (ISA).
The Instrument of Ratification was handed over by Armenian Ambassador to India, Vahagn Afyan, in a meeting with Abhishek Singh, Joint Secretary of the Ministry of External Affairs, in New Delhi.
The International Solar Alliance is a global intergovernmental organization committed to advancing the adoption of solar power and working toward a carbon-neutral future.
ISA is a collaborative initiative between India and France, created to unite efforts in addressing climate change through solar energy solutions.
The ISA was conceptualized during COP21 in Paris in 2015, with the aim of accelerating the global deployment of solar energy in support of Climate Action.
The mission of the ISA includes overcoming barriers related to technology, finance, and capacity, while working towards $1 trillion in solar investments by 2030.
India Collaborates with WEF on Report for Advanced Air Mobility
India plays a pivotal role in the ISA’s mission by providing renewable energy solutions and fostering the global energy transition.India Collaborates with WEF on Report for Advanced Air Mobility.
The Ministry of Civil Aviation (MoCA), Government of India, in collaboration with the World Economic Forum (WEF), has released a report titled ‘Skyways to the Future: Operational Concepts for Advanced Air Mobility in India’.
The report emphasizes that Advanced Air Mobility (AAM) offers a transformative approach to transportation, especially in densely populated regions like India.
The AAM sector is expected to witness significant growth, with projections of 1,000+ aircraft and 100,000+ daily flights within the next 15 years.
The WEF report outlines a 3-stage plan for the development and growth of Urban Air Mobility (UAM) in India over the coming decade and a half.
About World Economic Forum (WEF):
Founder and Executive Chairman: Prof. Klaus Schwab
Headquarters: Cologny, Switzerland
Founded: 1971
Iraq Conducts First Nationwide Census Since 1987
Iraq is conducting its first nationwide census since 1987, when it was last held under Saddam Hussein’s regime.
The census involves 120,000 researchers who will collect data from households across all 18 governorates of the country.
The census operation is scheduled to take place over two days, with a two-day curfew imposed by the Ministry of Interior to ensure the process runs smoothly.
About Iraq :
Prime Minister of Iraq: Mohammed Shia’ Al Sudani
Capital: Baghdad
Currency: Iraqi Dinar (IQD)
BANKING NEWS
SEBI Abolishes 1% Security Deposit Requirement for Public Issues
SEBI (Securities and Exchange Board of India) has removed the mandatory 1% security deposit requirement for companies launching public issues of equity shares, effective immediately.
The 1% deposit was previously intended to address investor grievances post-issue.
The deposit is now considered redundant due to the introduction of modern mechanisms like ASBA (Application Supported by Blocked Amount), UPI payments, and demat allotments.
This decision aligns with SEBI’s efforts to enhance the ease of doing business, streamline market processes, and reduce compliance burdens for companies.
The security deposit was a safeguard, but with evolving regulatory frameworks, its role is no longer necessary.
Securities and Exchange Board of India (SEBI):
Established: 1988
Headquarters: Mumbai, Maharashtra, India
Chairman : Madhabi Puri Buch
Karnataka Bank Launches Financial Products for Students: ‘KBL Peak’ and ‘KBL Genius’
Karnataka Bank Ltd. has launched two student-focused financial products: ‘KBL Peak’ and ‘KBL Genius’.
The ‘KBL Peak’ education loan offers financial support for higher education, providing loans of up to ₹2 crore.
The ‘KBL Genius’ is a student savings account that includes free cyber insurance and other benefits.
These products were launched on World Prematurity Day, showcasing the bank’s commitment to enhancing India’s educational and economic growth.
The bank aims to provide financial freedom to students, helping them achieve their academic goals and manage finances efficiently.
Through these initiatives, Karnataka Bank strengthens its partnerships with educational institutions across India.
About Karnataka Bank Ltd.:
Karnataka Bank’s MD & CEO : Mr. Srikrishnan H
Established: 1924
Headquarters: Mangaluru, Karnataka, India
Tagline: “Your Family Bank, Across India”
AWARDS AND RECOGNITION
Shivangi Desai Crowned Miss Charm India 2024
Shivangi Desai, a 22-year-old law student from ILS Pune, has won the title of Miss Charm India 2024.
She will represent India at Miss Charm 2024 in Vietnam this December.
Shivangi is passionate about promoting India’s culture and has previously won titles such as Miss Teen India North and Miss NDA.
As a final-year law student, she combines academics, pageantry, and cultural advocacy, setting an example for young aspirants.
Her preparation for the title was guided by Pageant Coach Ritika Ramtri and the Glamanand Supermodel India team, who helped refine her pageant skills and contributed to her success.
Hindustan Copper Limited, MECL, and JNARDDC Recognized for Exceptional Performance During National Learning Week
Hindustan Copper Limited (HCL), Mineral Exploration and Consultancy Limited (MECL), and Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) were honored for their outstanding performance during National Learning Week (NLW), held from 19th to 27th October 2024.
The award ceremony was conducted by the Capacity Building Commission (CBC) at Vigyan Bhawan, New Delhi and the awards were presented by Union Minister of State (MOS) Dr. Jitendra Singh, Ministry of Personnel, Public Grievances, and Pensions (MoPP&P).
Key Highlights:
The Ministry of Mines (MoM) has consistently been recognized as a top performer for its effective implementation of Mission Karmayogi, a flagship programme for training civil servants.
HCL, MECL, and JNARDDC each won awards for achieving the “Minimum 4-hour Learning Goal”, which required employees to complete at least 4 hours of Integrated Government Online Training (IGOT) courses during NLW.
This recognition underscores the Ministry’s dedication to Mission Karmayogi, focusing on enhancing the capacity and skill sets of civil servants.
About Hindustan Copper Limited (HCL):
Chairman and Managing Director (CMD): Ghanshyam Sharma
Headquarters: Kolkata, West Bengal.
Established : 1967.
Important days
World Day for the Prevention of and Healing from Child Sexual Exploitation, Abuse, and Violence (18th November)
World Day for the Prevention of and Healing from Child Sexual Exploitation, Abuse, and Violence is observed annually on 18th November to raise awareness about child abuse and violence.
The day aims to prevent abuse, protect children, and support the recovery and healing of survivors.
18th November 2024 marks the 3rd observance of this significant day.
Key Highlights:
Sexual abuse and exploitation of children are serious violations of human rights and constitute a public health problem, with profound consequences for global health and development.
The day serves as a platform for open discussions about the need to prevent the stigmatization of survivors, promote their healing, affirm their dignity, and protect their rights.
National Naturopathy Day – 18th November
National Naturopathy Day is observed annually across India on 18th November to promote mental and physical health through Naturopathy, a holistic healthcare approach combining modern treatments with traditional methods.
18th November 2024 marks the 7th observance of National Naturopathy Day.
The observance is led by the Ministry of AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha, Sowa Rigpa, and Homoeopathy).
The theme for the 7th National Naturopathy Day is “Naturopathy for Healthy Aging and Longevity
Key points :
In 2018, the Ministry of AYUSH declared 18th November as National Naturopathy Day.
The first National Naturopathy Day was celebrated on 18th November 2018.
About Ministry of AYUSH:
Full form : Acronym for Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy
Title: Ending the tragedy: On the Manipur crisis, a solution
The adage “Insanity is doing the same thing over and over again and expecting different results” holds true for Manipur. It has been more than a year and a half since ethnic violence erupted between the Meitei and Kuki-Zo communities in the State. The initial clashes resulted in scores of deaths, and, since then, parts of the State, many of which are under the effective control of security forces, have witnessed sporadic but intense incidents of violence. Despite this, there has been little effort toward peace or reconciliation. Even areas such as Jiribam, which initially escaped the violence, are now engulfed in conflict, as recent events have shown. The situation in Manipur is no longer just about identifying who triggered the violence or what administrative steps are needed to stop it. The violence has spiralled to the point where ethnic divisions have become entrenched in the social fabric of the State. Every act of violence now leads to calls for retribution against entire communities, from both the Meitei and Kuki-Zo sides. Armed non-state actors, some of whom are openly or covertly supported by elected representatives, seem to control the situation, while civil society groups are marginalised.
This descent into chaos in one of India’s most culturally rich and diverse border States has unfolded rapidly under the watch of an incompetent and indifferent government, which has failed to take responsibility or implement any meaningful solutions. Manipur Chief Minister N. Biren Singh and his cabinet have long lost credibility due to their mishandling of the crisis. The Union government, too, shares the blame for allowing the situation to persist. Prime Minister Narendra Modi has remained largely silent on the issue, while Union Home Minister Amit Shah has avoided taking any decisive action to address the crisis, presumably to avoid upsetting the political balance in the State. The role of security forces, while important, cannot be the sole solution to an ethnic conflict of this nature. What is required is political will and the ability to advance meaningful dialogue that can bring the community representatives closer to finding a compromise. The Union government’s refusal to even consider a change in leadership, as suggested by the Bharatiya Janata Party’s ally, the National People’s Party (NPP), has only allowed the situation to fester. The NPP’s withdrawal of support from the government signals a growing recognition that the current leadership is not capable of addressing the crisis. It is now clear that a leadership change is necessary to chart a new course for Manipur. A political solution can be based only on consensus and compromise and these are impossible with a government headed by a partisan politician who is hoping to benefit from a polarisation of people on communal lines.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
erupted
It means to burst forth suddenly and violently, often used in the context of a volcano, but can also refer to other situations.
Exploded Burst Discharged Surged
Calmed Diminished Subdued Quelled
sporadic
Its refer to a the event or occurrence happens in scattered or isolated instances, not regularly or consistently.
Irregular Occasional Infrequent Intermittent
Constant Frequent Regular Steady
descent
It means to a movement or connection to something lower, whether physically, socially, or ancestrally.
Over ₹54,000 Crore Allocated for Implementation of PMAY-G in 2023-24
On the 8th anniversary of Pradhan Mantri Awas Yojana-Gramin (PMAY-G), the Ministry of Rural Development announced that over ₹54,000 crore has been allocated this financial year to implement the scheme. PMAY-G aims to provide pucca houses with essential amenities to houseless households and those living in kutcha or dilapidated houses by March 2029. The scheme has been expanded to include an additional 2 crore houses, with a total outlay of over ₹3 lakh crore for the next five years.
Originally targeting 2.95 crore houses by 2023-24, the scheme now aims to construct 2 crore more houses. To ensure broader inclusion, eligibility criteria have been relaxed, with the income threshold raised to ₹15,000 per month and exclusions reduced from 13 to 10.
The scheme is being implemented in convergence with other programs like MGNREGA, SBM-G, Jal Jeevan Mission, and Surya Ghar to ensure access to basic services such as water, toilets, electricity, and solar energy. Special focus is being given to landless beneficiaries, with over 2.88 lakh houses and land provided over the past decade.
Pradhan Mantri Awas Yojana-Gramin (PMAY-G):
Launched : November 20, 2016
scheme aims : 2.95 crore houses by 2024.
Defence Minister Rajnath Singh Holds Bilateral Meetings with Chinese, Malaysian, and Lao Counterparts in Laos
Defence Minister Rajnath Singh held crucial bilateral meetings with his counterparts from China, Malaysia, and Laos in Vientiane, on the sidelines of the 11th ASEAN Defence Ministers’ Meeting Plus (ADMM-Plus). Singh is on a three-day visit to Laos to attend the meeting and address regional and international security issues.
During his meeting with Chinese Defence Minister Admiral Dong Jun, Rajnath Singh emphasized the need for greater trust and confidence-building between the two sides, focusing on de-escalation along the India-China border. Both leaders agreed to work together on a roadmap to rebuild mutual trust and prevent any recurrence of border clashes like those in 2020.
In his discussions with Malaysian Defence Minister Dato’ Seri Mohamed Khaled Bin Nordin, both sides committed to supporting each other’s efforts to promote regional security and stability, and looked forward to holding the Malaysia-India Defence Committee Meeting in early 2025. They also co-chair the ADMM Plus Expert Working Group on Counter Terrorism.
During his meeting with Lao Defence Minister General Chansamone Chanyalath, Singh expressed India’s strong support for ASEAN’s unity and centrality in the Indo-Pacific region and reaffirmed India’s commitment to strengthen ties with Lao PDR and ASEAN. The revised MoU between India and Laos was also appreciated during the meeting.
The ADMM-Plus platform includes ASEAN member states and eight dialogue partners, including India, the US, China, Russia, Japan, and South Korea, focusing on bolstering defence cooperation.
Educational institutions across India are observing Janjatiya Gaurav Pakhwada to celebrate the legacy of Bhagwan Birsa Munda, a prominent tribal freedom fighter and social reformer. This initiative is part of the central government’s commitment to transforming the lives of tribal people, with a focus on economic empowerment.
As part of this movement, India’s tribal products are gaining international recognition. For example, Araku Coffee made its global debut by opening an organic coffee shop in Paris in 2017, while dehydrated Mohua flowers from Chhattisgarh are being sold internationally, including in France. Other tribal products, such as shawls, paintings, wooden items, jewelry, and baskets, are also becoming increasingly popular, particularly in markets like the United States.
The government is supporting these efforts through TRIFED outlets and collaborations with both national and international e-commerce platforms, helping tribal communities to gain access to global markets and improve their livelihoods.
President Droupadi Murmu to Inaugurate 125th Birth Anniversary Celebration of Dr. Harekrushna Mahtab
President Droupadi Murmu will inaugurate the 125th Birth Anniversary celebration of Utkal Keshari, Dr. Harekrushna Mahtab in New Delhi on 19 th November. During the event, a special commemorative stamp and coin will be released in honor of Dr. Mahtab, recognizing his significant contributions.
Dr. Mahtab, born on 21st November 1899 in Agarpara, Odisha, was a freedom fighter, politician, historian, writer, social reformer, and journalist. Known for his strong will and determination, Dr. Mahtab is celebrated as one of Odisha’s foremost leaders and made lasting contributions to the state’s development and India’s freedom struggle.
About Odiasa :
Chief Minister of Odisha: Naveen Patnaik
Capital : Bhubaneswar
National Park in Odisha:
Simlipal National Park
International news
APEDA Showcases India’s Best at the Organic and Natural Expo in Dubai
To strengthen India’s presence in the West Asian organic market, the Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce of India, showcased a significant Indian presence at the 22nd Middle East Organic & Natural Products Expo in Dubai. APEDA coordinated the participation of 18 Indian companies, including 12 under its banner and 6 independently, who exhibited a range of value-added organic and natural products at the Indian Pavilion.
The event, held at the Dubai World Trade Centre, saw impressive growth, with over 550 exhibitors—an 83% increase from the previous year. APEDA organized a buyer-seller meet to foster business connections, attracting around 40 participants, including Indian exporters and international buyers. Special emphasis was placed on millets, organic tea, spices, and other value-added organic products. Additionally, wet sampling of Indian organic cuisines was offered during the event.
In collaboration with the Lulu Retail Chain in Al Barsha, Dubai, APEDA launched a dedicated section for Indian organic produce, featuring processed products and fresh fruits and vegetables. This marked a key step in expanding the reach of premium Indian organic goods in the region.
West Asia is one of the fastest-growing markets for sustainable products, with manufacturers and distributors actively seeking opportunities in organic tea, food, beverages, beauty products, health supplements, and more.
About Agricultural and Processed Food Products Export Development Authority :
Established: 1986
Headquarters: New Delhi, India.
Chairman: Shri Abhishek Dev
APPOINTMENT NEWS
Cambodia’s National Assembly Approves Prak Sokhonn as Deputy PM and Foreign Minister
Cambodia’s National Assembly has approved the appointment of Prak Sokhonn as Deputy Prime Minister and Foreign Minister. The decision was made with unanimous support from 112 lawmakers, including Prime Minister Hun Manet, who expressed confidence in Sokhonn’s new role.
Prime Minister Hun Manet explained that the minor reshuffle was aimed at promoting more efficient implementation of Cambodia’s foreign policy. He emphasized the importance of maintaining and enhancing traditional relations, solidarity, and multi-sectoral cooperation with regional and global partners for mutual benefits. He also reiterated Cambodia’s commitment to more actively participating in international efforts for peace and stability.
Key Facts about Cambodia:
Prime Minister: Hun Manet
Currency: Cambodian Riel (KHR)
Capital: Phnom Penh
BANKING NEWS
Moody’s Downgrades Six Bangladeshi Banks After Sovereign Rating Cut
Key Points:
Moody’s has downgraded six Bangladeshi banks following a sovereign rating downgrade of Bangladesh.
The affected banks include BRAC Bank, City Bank, Dutch-Bangla Bank, Eastern Bank, Mercantile Bank, and Premier Bank.
Moody’s revised the outlooks on the long-term (LT) deposit ratings of these banks from stable to negative.
Earlier this week, Moody’s downgraded Bangladesh’s sovereign long-term rating to B2 from B1, marking the second consecutive downgrade in under two years.
Moody’s also reduced Bangladesh’s GDP growth forecast, projecting a slowdown to 4.5% from an earlier estimate of 6.3% for the current fiscal year.
This marks the first time in 14 years that Bangladesh’s outlook was revised to negative by Moody’s, a significant shift since the country began receiving ratings from the agency in 2010.
The downgrade is expected to increase borrowing costs for both the government and private sector, making it harder to access international funds amidst high inflation.
SBI Horniman Circle Marks 100 Years of Legacy
The State Bank of India (SBI) celebrated the centenary of its Horniman Circle Branch with a special event, during which Finance Minister Nirmala Sitharaman unveiled a commemorative ₹100 coin. This event highlighted SBI’s remarkable growth from just 100 branches in 1920 to over 22,640 branches today, with plans to open 500 more branches in FY25. The occasion also featured the release of the 5th edition of “The Evolution of the State Bank of India”, focusing on the bank’s transformation between 1981-1996. SBI’s significant role in India’s banking revolution, digital presence, and financial inclusion efforts were underscored during the celebration.
About SBI
Established: 1955.
Headquarters: Mumbai, Maharashtra
Chairman: Dinesh Kumar Khara
Tagline: “The Banker to Every Indian”
STATE NEWS
Haryana Govt Launches ‘Haryana Good Governance Award Scheme’ to Encourage Excellence
The Haryana Government has launched the ‘Haryana Good Governance Award Scheme 2024’ to recognize and promote excellence in governance. The scheme aims to honor employees who contribute to improved governance through innovative work and extraordinary efforts.
Key points:
The awards are categorized into flagship scheme awards, state-level awards, and district-level awards.
Flagship awards will reward teams involved in flagship projects that have significantly improved governance, with a cash prize of ₹51,000.
State-level awards will have cash prizes of ₹51,000 for the first prize, ₹31,000 for the second, and ₹21,000 for the third, distributed equally among the team members.
District-level awards will include cash prizes of ₹31,000, ₹21,000, and ₹11,000, along with a trophy and certificate of appreciation.
The District-level awards will be presented by the Deputy Commissioner of each district, and the certificate of appreciation for flagship awards will be signed by the Chief Secretary.
ABOUT HARYANA :
Haryana Chief Minister: Nayab Singh Sain
Capital of Haryana: Chandigarh
Haryana’s National Park: Sultanpur National Park
SPORTS NEWS
India Wins Women’s Asian Champions Trophy 2024, Defeats China 1-0
India’s women’s hockey team won the Women’s Asian Champions Trophy for the second consecutive time by defeating China 1-0 in the final at Rajgir Hockey Stadium in Bihar. This victory marks India’s third title in the tournament, equaling South Korea’s record.
Key Highlights:
The match was goalless in the first half, but India came out more aggressive in the second half.
Deepika scored the decisive goal from a penalty corner in the 31st minute, securing the win for India.
Deepika also emerged as the tournament’s top scorer with 11 goals and was named the player of the tournament.
In the bronze medal match, Japan defeated Malaysia4-1 to secure third place.
IMPORTANT DAYS
International Day for Tolerance 2024: Celebrating Tolerance and Promoting Understanding
The United Nations (UN) celebrates the International Day for Tolerance on 16 November each year to raise awareness about the importance of tolerance and encourage understanding, respect, and appreciation for cultural diversity. The day highlights the damaging effects of intolerance and advocates for policies that promote equality and opportunity for all.
Key Points:
The UN General Assembly (UNGA) adopted Resolution A/RES/48/126 in 1993, declaring 1995 as the United Nations Year for Tolerance.
In 1996, UNGA further proclaimed November 16 as the International Day for Tolerance through Resolution A/RES/51/95.
The first International Day for Tolerance was observed on 16 November 1996.
Union Minister Dr. Jitendra Singh Launches India’s First Indigenous Antibiotic Nafithromycin
Union Minister of Science and Technology, Dr. Jitendra Singh, has launched Nafithromycin, India’s first indigenous antibiotic designed to combat drug-resistant infections. Addressing the launch event in New Delhi, Dr. Singh highlighted that Nafithromycin offers a three-day treatment regimen for drug-resistant pneumonia, which causes over two million deaths annually worldwide. The minister also noted the significant support provided to researchers since 2014, with Prime Minister’s personal intervention playing a crucial role in advancing such innovations.
Developed with the support of the Biotechnology Industry Research Assistance Council (BIRAC), Nafithromycin, marketed under the name Miqnaf, is a major step towards addressing Antimicrobial Resistance (AMR) and is a breakthrough in Made in India pharmaceutical solutions.
BIRAC(Biotechnology Industry Research Assistance Council) :
Established : 2012
Headquarters: New Delhi, India
Chairman: Dr. Rajesh S Gokhale
Prasar Bharati Launches OTT Platform WAVES at IFFI
Prasar Bharati, India’s national public broadcaster, has launched its OTT platform, WAVES, at the opening ceremony of the 55th International Film Festival of India (IFFI) in Goa. WAVES aims to meet the growing demand for digital streaming services while also reviving nostalgic Indian shows like Ramayan, Mahabharat, Shaktimaan, and Hum Log. The platform emphasizes family-friendly entertainment, offering a mix of timeless classics and modern digital trends.
In addition to shows, WAVES features news, documentaries, regional content, and live events. The platform boasts content in over 12 languages and covers more than 10 genres, including women-centric content, animation, and regional programming. Notably, it offers live streaming of channels like Doordarshan and Akashvani, along with live events such as Prabhu Shriram Lalla Aarti and Prime Minister Narendra Modi’s Mann Ki Baat. WAVES also features live events like the upcoming US Premier League Cricket Tournament.
WAVES stands out for its clean, family-oriented entertainment and its wide range of services, including video on demand, free-to-play gaming, radio streaming, and live TV streaming, supported by an e-commerce platform.
IFFI : International Film Festival of India.
Established: 1952.
Headquarters: Goa, India.
Chairman: Ashutosh Gowariker
International news
India and Guyana Sign Ten Agreements to Strengthen Bilateral Cooperation
India and Guyana have signed ten agreements to enhance cooperation in various sectors such as health, hydrocarbons, agriculture, and more. The Memoranda of Understanding (MoUs) cover areas including medical products, the Janaushadhi scheme, a Cultural Exchange Programme, the deployment of a UPI-like system in Guyana, and collaboration in broadcasting between Prasar Bharati and National Communications Network. Another MoU was signed between National Defence Institute, Guyana and Rashtriya Raksha University, Gujarat.
The agreements followed delegation-level talks between Prime Minister Narendra Modi and President Dr. Mohammed Irfaan Ali of Guyana. In a joint statement, Prime Minister Modi emphasized the importance of dialogue and diplomacy to resolve global issues, and highlighted climate justice as a shared priority. He also praised the defense cooperation between the two nations, citing the supply of Dornier aircraft by India to Guyana. Additionally, India’s role as a major supplier of pharmaceutical products to Guyana was acknowledged, and the establishment of Jan Aushadhi Kendras in Guyana was discussed.
President Irfaan Ali lauded Prime Minister Modi for his leadership and referred to him as a ‘champion among leaders’. The two leaders also planted a sapling in Georgetown under the ‘Ek Ped Ma Ke Naam’ initiative.
Prime Minister Modi’s visit to Guyana is a historic one, marking the first time in 56 years that an Indian Prime Minister has visited the country. He was received with great warmth and accorded a Ceremonial Guard of Honour at State House in Georgetown. During his visit, Modi will address the Guyana Parliament, meet cricketers, and engage with the Indian diaspora in the country.
About Guyana:
Currency: Guyana Dollar (GYD)
Prime Minister: Mark Anthony Phillips
Capital: Georgetown
Japan Announced as Official Partner Country for the 25th Hornbill Festival in Nagaland
Japan has been announced as the official partner country for the 25th edition of Nagaland’s Hornbill Festival, alongside Wales. This partnership, solidified through meetings between Nagaland’s Chief Minister Neiphiu Rio and representatives from the Japanese Embassy, marks a significant milestone in the festival’s history.
The Hornbill Festival, set to take place from December 1-10 at Kisama near Kohima, will feature Japanese cultural performances, workshops on handicrafts, and sessions on bamboo products, with renowned Japanese artists and experts leading the activities. This collaboration highlights a unique fusion of cultures and enhances the global reach of the festival.
ABOUT NAGALAND:
Nagaland Chief Minister: Neiphiu Rio
Capital of Nagaland: Kohima
National Park in Nagaland:
Kohima Nature Park
Intanki National Park
Puliebadze Wildlife Sanctuary
India and Japan Sign Memorandum of Implementation for Co-Development of UNICORN Mast for Indian Navy
On November 15, 2024, the Government of India (GoI) and the Government of Japan signed a Memorandum of Implementation (MOI) for the co-development of the Unified Complex Radio Antenna (UNICORN) mast, to be fitted onboard Indian Navy ships. This is India’s first military technology transfer pact with Japan under the India-Japan Defence Technology Cooperation (IJDTC).
Key Points:
UNICORN mast is a stealth-enhancing conical structure housing antennas, developed by NEC Corporation, Sampa Kogyo K.K., and The Yokohama Rubber Company Limited in Japan.
The mast will be installed on Indian Navy warships, aiming to enhance technological and stealth capabilities.
The initiative marks the first co-development and co-production of defense equipment between India and Japan.
Bharat Electronics Limited (BEL), based in Bengaluru, Karnataka, will collaborate with Japan for the mast’s development and induction.
About Japan
Japan Prime Minister: Shigeru Ishiba,
Capital of Japan: Tokyo
Currency of Japan: Japanese Yen (JPY)
Banking news
RBI Designates SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks for 2024
Key Points:
The Reserve Bank of India (RBI) has designated State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) for 2024.
These banks are classified as ‘too big to fail’, meaning they must maintain higher Common Equity Tier 1 (CET1) capital buffers to ensure financial stability.
Specific Requirements:
SBI remains in bucket 1 and requires an additional CET1 buffer of 0.80%.
HDFC Bank, in bucket 2, has a 0.40% CET1 buffer requirement.
ICICI Bank is in bucket 1, needing a 0.20% CET1 buffer.
Changes and Timelines:
The higher D-SIB surcharges for SBI (0.80%) and HDFC Bank (0.40%) will apply starting April 1, 2025.
Until March 31, 2025, the surcharge for SBI is 0.60% and for HDFC Bank is 0.20%.
Background:
The RBI’s D-SIB classification is based on a bank’s size, complexity, and interconnectedness within the financial system.
The classification is updated annually, with the framework being established in 2014 and updated in 2023.
Reserve Bank of India (RBI)
Governor: Shaktikanta Das (as of 2024)
Established: 1st April 1935
Headquarters: Mumbai, Maharashtra, India
Tagline: ” India’s Central Bank”
AWARDS AND RECOGNITION
UNWTO Recognizes 55 Villages as Best Tourism Villages for 2024
On 15th November 2024, the United Nations World Tourism Organization (UNWTO) announced the names of 55 villages that have been recognized as the Best Tourism Villages for 2024. This initiative highlights rural destinations that contribute to sustainable tourism, cultural preservation, and community development. Notable villages included in this year’s list are Caviahue-Copahue (Argentina), Sibayo (Peru), Xito (China), and Tra Que Vegetable Village (Vietnam), among others.
The villages were selected from over 260 applications across 60 UN Tourism Member states. Seven villages, including Ruboni (Uganda) and Bo Suak (Thailand), were selected from the BTV Upgrade Programme. Additionally, 20 villages were chosen for the Upgrade Programme for 2024, with Dhudmaras village in Bastar, Chhattisgarh, being the only Indian village featured on the list.
About UNWTO:
Secretary-General: Zurab Pololikashvili
Headquarters: Madrid, Spain
Established: 1970
Important days
UN World Day of Remembrance for Road Traffic Victims 2024
The United Nations (UN) observes the World Day of Remembrance for Road Traffic Victims (WDOR) every year on the 3rd Sunday of November to honor the lives lost and affected by road traffic accidents. This year, WDOR 2024 will be observed on November 17, 2024.
The theme for WDOR 2024 is “Remember. Support. Act.“, emphasizing the need for remembrance of the victims, support for their families, and action to improve road safety worldwide
KEY POINTS: On October 26, 2005, the UN General Assembly (UNGA) passed resolution A/RES/60/5, which officially designated the 3rd Sunday in November as the day for this global observance, aimed at improving road safety and preventing road traffic injuries.
This day serves as a call to action for governments, organizations, and individuals to raise awareness and take steps to reduce road traffic accidents and support those affected by them.
International Students’ Day 2024: Celebrating Diversity and Academic Freedom
International Students’ Day is celebrated annually on November 17 to honor multiculturalism, diversity, and teamwork among students, and to advocate for equal educational opportunities for all children worldwide. In 2024, the day marks its 84th observance.
KEY POINTS : This day commemorates the events that followed the Nazi invasion of Charles University in Prague, Czech Republic in 1939. When students protested the occupation during World War II, the Nazis responded by closing universities, arresting hundreds of students, and executing nine student leaders. The courage and sacrifice of these students for academic freedom and human rights led to the establishment of this day.
First observed on November 17, 1941, by the International Students’ Council in London, UK.
From a reasonably healthy show at the onset of this financial year, India’s goods exports had stumbled sharply in the second quarter, shrinking an average 5.8% over the first two months and rising a mere 0.5% in September. With half the year gone by, exports were up just 1%. In this backdrop, the 17.25% surge in merchandise shipments to overseas markets through October is a positive surprise, with the year’s second-highest tally of $39.2 billion. Trade mandarins have attributed the uptick to stronger demand for the Christmas season in developed markets. If this festive demand holds, at least the next couple of months should see healthy numbers. With services exports rising 14.6% by September, official hopes of cumulative exports through 2024-25 crossing a record $800 billion may yet be attained. Non-petroleum exports led the way in October with a 25.6% rise, and such shipments have now hit the highest ever tally for the first seven months of a year, at $211.3 billion.
The petroleum story, however, is starkly different and a tad puzzling. India’s oil imports rose 13.2% in October to $18.3 billion (almost 46.4% over September), while exports tanked for the fifth straight month, by over 22% to $4.6 billion, the lowest in almost three years. The oil trade deficit has hit a record $13.7 billion. While one can attribute the export slide to significantly lower global oil prices vis-à-vis last year, the same should have held true at least partly for the import bill as well, even if higher domestic demand is factored in. The oil influx spike has also lifted the overall import bill to a fresh high of $66.3 billion, breaking this August’s tally of $64.3 billion, which was fuelled by gold imports. Over the past three months, the trade deficit has widened to its second- and third-highest level. While gold imports are likely to stay high till the wedding season ends, oil trends and the widening import bill warrant closer monitoring even if the foreign exchange reserves situation is comfortable, and adequate to cover about a year’s imports. The World Trade Organization has pegged global trade growth at 3% in 2025, relative to a 2.7% estimate for this year. Apart from the slowdown in China and festering conflicts around the world, the biggest fly in the ointment for all such hopes is likely to be the incoming United States administration, with Donald Trump expected to prioritise the elevation of import tariffs and sops for domestic production. India must avoid any policy gestures such as the updated laptop import management system — it is in the works, with possible curbs — that could draw the U.S. government’s focus away from Mr. Trump’s primary trade target — China.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
shrinking
Its refers to the process of becoming smaller or more compact in size, volume, or extent.
Contracting Diminishing Decreasing Reducing
Expanding Growing Increasing Enlarging
starkly
Its means in a clear, distinct, or sharp manner, often with a sense of contrast or extremity.
Sharply Clearly Dramatically Strongly
Gently Mildly Indistinctly Softly
puzzling
It refers to situations, problems, or things that are unclear or mysterious, often requiring thought or analysis to resolve or comprehend.
The Industrial Development Bank of India (IDBI) has released the official notification for the IDBI Junior Assistant Manager Recruitment 2024, announcing a total of 600 vacancies. The notification was published on the official website on 20th November 2024. Interested candidates can view the detailed notification PDF for information about eligibility criteria, selection process, exam pattern, and other essential details.
The Industrial Development Bank of India (IDBI) has announced 600 vacancies for the post of Junior Assistant Manager (JAM) under two streams: Generalist and Specialist – Agri Asset Officer (AAO). Below is an overview of the recruitment details:
Important Dates for IDBI Junior Assistant Manager Recruitment 2024
Event
Date
Notification Release Date
20th November 2024
Online Application Begins
21st November 2024
Last Date to Apply Online
30th November 2024
Last Date for Fee Payment
30th November 2024
Admit Card Release Date
To Be Announced
Online Test Date
December 2024 / January 2025
Dates
Vacancy Distribution for IDBI Junior Assistant Manager 2024
IDBI has announced 600 vacancies for Junior Assistant Manager (JAM), which are divided across various regions and categories. The breakdown is as follows:
Zone
States/UT
General
SC
ST
OBC
EWS
Total Vacancies
Generalist
Ahmedabad (Gujarat)
30
10
5
18
7
70
Bengaluru (Karnataka)
29
9
4
17
6
65
Chandigarh
22
7
3
13
5
50
Chennai (Tamil Nadu)
22
7
3
13
5
50
Kochi (Kerala)
13
4
2
8
3
30
Mumbai (Maharashtra)
53
18
9
33
12
125
Nagpur (Maharashtra)
22
7
3
13
5
50
Pune (Goa, Maharashtra)
25
9
4
16
6
60
Specialist – Agri Asset Officer (AAO)
Pan India
40
15
9
26
10
100
Total
256
86
42
157
59
600
Vacancy
Application Process for IDBI Junior Assistant Manager 2024
The online registration for the Junior Assistant Manager posts will begin on 21st November 2024 and continue until 30th November 2024. To apply:
Find the notification titled “Recruitment of Junior Assistant Manager (JAM), Through PGDBF – 2024-25”
Click on “Apply Online” to open the application page
Fill in your personal, educational details, and upload required documents
Pay the application fee as per your category
Submit the application form and save a copy for future reference
Application Fee
The application fee is as follows:
Category
Application Fee
SC/ST/PWD
Rs. 200/-
Other Categories
Rs. 1000/-
Fee Details
Eligibility Criteria
Educational Qualification (as of 1st October 2024)
Generalist Posts: Graduation with a minimum of 55% marks (50% for SC/ST/PWD candidates) from a recognized university.
Specialist – Agri Asset Officer (AAO): A 4-year degree in Agriculture, Horticulture, Veterinary Science, Animal Husbandry, Dairy Science, etc., from a recognized university.
Age Limit (as of 1st October 2024)
Candidates should be between 20 to 25 years of age, i.e., born between 2nd November 1999 and 1st November 2004 (both dates inclusive). Age relaxation is provided as per government norms:
Category
Age Relaxation
SC/ST
5 years
OBC (Non-Creamy Layer)
3 years
PWD
10 years
Ex-Servicemen
5 years
Age Limit
Selection Process
The selection of candidates will be based on an Online Test followed by an Interview. The exam pattern is as follows:
For Generalist Posts:
Section
No. of Questions
Marks
Duration
Logical Reasoning, Data Analysis
60
60
40 minutes
English Language
40
40
20 minutes
Quantitative Aptitude
40
40
35 minutes
General/Economy/Banking Awareness
60
60
25 minutes
Total
200
200
120 minutes
Exam Pattern
For Specialist-Agri Asset Officer (AAO):
Section
No. of Questions
Marks
Duration
Logical Reasoning, Data Analysis
60
60
40 minutes
English Language
40
40
20 minutes
Quantitative Aptitude
40
40
35 minutes
General/Economy/Banking Awareness
60
60
25 minutes
Professional Knowledge
60
60
45 minutes
Total
260
260
165 minutes
Ecam Pattern
Syllabus for IDBI Junior Assistant Manager Exam 2024
To prepare well for the examination, candidates should focus on the following sections:
Reasoning Ability
Quantitative Aptitude
English Language
General Awareness (Banking, Economy, Current Affairs)
Professional Knowledge (for Specialist-AAO candidates)
By following the above structure and guidelines, candidates can prepare effectively for the IDBI Junior Assistant Manager 2024 Recruitment and submit their applications on time.
Start your preparation today with Edusprint Academy and turn your dream of becoming a Junior Assistant Manager with IDBI Bank into a reality!
ISRO Successfully Launches GSAT-20 Satellite on SpaceX’s Falcon 9 Rocket
Indian Space Research Organisation (ISRO) has successfully launched its most advanced communications satelliteGSAT-20 on board SpaceX’s Falcon 9 rocket from Cape Canaveral, USA. The satellite was launched on the night of the event, marking a significant achievement for ISRO’s commercial arm, New Space India Limited (NSIL).
ISRO Chairman S. Somanath confirmed that the launch was successful, with the satellite’s solar panels deployed and it being in healthy condition. The GSAT-20 will provide broadband services in remote areas and in-flight Internet for passenger aircraft, and it is expected to operate for 14 years. This launch marks the first time ISRO has used a SpaceX rocket for such a mission.
Weighing 4,700 kg, the GSAT-20 is one of India’s heaviest communication satellites, which made it too heavy for ISRO’s own LVM-3 rocket, known as ‘Bahubali’, to carry. Hence, SpaceX was chosen for the launch. Until now, India had relied on Arianespace, a French provider, for heavy satellite launches. However, due to Arianespace’s lack of operational rockets, SpaceX was the only reliable option, with its Falcon-9 capable of launching payloads up to 8,300 kg to geostationary transfer orbit.
About ISRO : Indian Space Research Organisation (ISRO)
Amit Shah to Inaugurate Golden Jubilee Edition of All India Police Science Congress in Gujarat
Union Home Minister Amit Shah will inaugurate the Golden Jubilee edition of the All India Police Science Congress at Rashtriya Raksha University in Gandhinagar, Gujarat, 19 th november. This significant event, marking the 50th edition of the Congress, will be attended by Chief Minister Bhupendra Patel and other key dignitaries.
The two-day conference aims to discuss the future of Indian policing, the adoption of global best practices, and technology-led reforms. Key topics include the use of forensics and AI in criminal justice, the role of police in disaster management, and the potential of blockchain technology in policing. Other important issues such as tackling cyber fraud and radicalization in prisons will also be discussed.
Approximately 250 participants from central and state police forces, forensic experts, and academicians are expected to attend. The event will also feature a Police Science Exhibition showcasing the latest in policing technology and practices.
In addition to the Police Science Congress, Amit Shah will also inaugurate the Gandhinagar Postal Stamp Exhibition (Phila Vista) and an Animal feed plant at Sabar Dairy in Himmatnagar during his visit.
About Gujarat:
Chief Minister (CM): Bhupendra Patel
Capital: Gandhinagar
National Parks:
Gir National Park (famous for Asiatic lions)
Velavadar Blackbuck National Park
Marine National Park (in the Gulf of Kutch)
India Targets 10,000 MMT Port Handling Capacity by 2047: Union Minister Sarbananda Sonowal
Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, announced that India is aiming for a port handling capacity of 10,000 million metric tons (MMT) per annum by 2047. Speaking at the inaugural Sagarmanthan – The Great Oceans Dialogue, Sonowal highlighted India’s ambitious plan to transform its maritime sector with an investment of ₹80 lakh crores. This investment will focus on enhancing port capacity, shipping, shipbuilding, and inland waterways.
The Amrit Kaal Maritime Vision 2047 aims to create future ships powered by clean fuels as part of India’s commitment to sustainable development. Sonowal emphasized the importance of the blue economy and noted that delegates from over 60 countries participated in the event, sharing valuable expertise.
India’s ultimate goal is to become the leading maritime nation worldwide, excelling in areas such as port operations, cargo handling, shipbuilding, and legislative reforms. He also pointed out that turnaround times at Indian ports have significantly improved, now reduced from 45 hours to just 22 hours, outperforming many advanced maritime nations.
INTERNATIONAL NEWS
India’s High Commission in Sri Lanka Celebrates 555th Birth Anniversary of Guru Nanak Dev
The High Commission of India in Sri Lanka commemorated the 555th Birth Anniversary of Guru Nanak Dev at the Swami Vivekananda Cultural Center in Colombo. The occasion featured a Kirtan performance by Bhai Pardhan Singh and Bhai Princepal Singh. In his address, High Commissioner Santosh Jha highlighted that the teachings of Guru Nanak Dev, particularly his emphasis on kindness, compassion, and a caste-less society, remain highly relevant in today’s world.
Sri Lanka is one of the countries that Guru Nanak is believed to have visited during his four Udaasis (spiritual tours), including a visit to Batticaloa.
About srilanka
Capital: Colombo
High-Level Meeting on Nepal-India Border Security Coordination Discusses Illegal Entry of Third-Country Nationals
A high-level meeting on Nepal-India border security coordination began in Kathmandu . The key focus of the discussions is on tackling cross-border crime and addressing the illegal entry of third-country nationals. Proposals have been presented by the Nepali side on enhancing crime control in border areas, improving information exchange, curbing revenue leakage, and combating issues like illegal drug trafficking, human trafficking, and the illegal entry of foreign nationals.
The meeting is being led by Director General Amrit Mohan Prasad of India’s SSB (Sashastra Seema Bal), heading a six-member Indian delegation. The Nepali delegation includes senior security officials, such as APF Chief Aryal, along with representatives from the Home Ministry, National Investigation Department, Survey Department, and Ministry of Foreign Affairs.
the Indian delegation met with Nepal’s Home Minister Ramesh Lekhak at Singh Durbar, where Lekhak emphasized the importance of ensuring that individuals crossing the border are treated with respect and dignity.
This meeting is part of ongoing efforts to strengthen the long-standing ties between Nepal and India, focusing on enhancing border security and cooperation.
About Nepal:
Capital: Kathmandu
Currency: Nepalese Rupee (NPR)
Prime Minister (PM): KP Sharma Oli
Dubai Hosts 3rd Global Freight Summit, Drawing Over 5,000 Industry Leaders
A high-level meeting on Nepal-India border security coordination began in Kathmandu . The key focus of the discussions is on tackling cross-border crime and addressing the illegal entry of third-country nationals. Proposals have been presented by the Nepali side on enhancing crime control in border areas, improving information exchange, curbing revenue leakage, and combating issues like illegal drug trafficking, human trafficking, and the illegal entry of foreign nationals.
The meeting is being led by Director General Amrit Mohan Prasad of India’s SSB (Sashastra Seema Bal), heading a six-member Indian delegation. The Nepali delegation includes senior security officials, such as APF Chief Aryal, along with representatives from the Home Ministry, National Investigation Department, Survey Department, and Ministry of Foreign Affairs.
the Indian delegation met with Nepal’s Home Minister Ramesh Lekhak at Singh Durbar, where Lekhak emphasized the importance of ensuring that individuals crossing the border are treated with respect and dignity.
This meeting is part of ongoing efforts to strengthen the long-standing ties between Nepal and India, focusing on enhancing border security and cooperation.
About Nepal:
Capital: Kathmandu
Currency: Nepalese Rupee (NPR)
Prime Minister (PM): KP Sharma Oli
Dubai Hosts 3rd Global Freight Summit, Drawing Over 5,000 Industry Leaders
A high-level meeting on Nepal-India border security coordination began in Kathmandu . The key focus of the discussions is on tackling cross-border crime and addressing the illegal entry of third-country nationals. Proposals have been presented by the Nepali side on enhancing crime control in border areas, improving information exchange, curbing revenue leakage, and combating issues like illegal drug trafficking, human trafficking, and the illegal entry of foreign nationals.
The meeting is being led by Director General Amrit Mohan Prasad of India’s SSB (Sashastra Seema Bal), heading a six-member Indian delegation. The Nepali delegation includes senior security officials, such as APF Chief Aryal, along with representatives from the Home Ministry, National Investigation Department, Survey Department, and Ministry of Foreign Affairs.
the Indian delegation met with Nepal’s Home Minister Ramesh Lekhak at Singh Durbar, where Lekhak emphasized the importance of ensuring that individuals crossing the border are treated with respect and dignity.
This meeting is part of ongoing efforts to strengthen the long-standing ties between Nepal and India, focusing on enhancing border security and cooperation.
About Nepal:
Capital: Kathmandu
Currency: Nepalese Rupee (NPR)
Prime Minister (PM): KP Sharma Oli
Dubai Hosts 3rd Global Freight Summit, Drawing Over 5,000 Industry Leaders
The Global Freight Summit 2024 kicked off 19 th November in Dubai, marking its third edition since its inception in 2022. Hosted by DP World, the three-day event has attracted over 5,000 industry leaders from 155 countries, representing various sectors of the global supply chain industry. The summit, running until November 20, focuses on the theme “Acting today to reach the opportunities of tomorrow”.
Key discussions at the summit revolve around four critical pillars: the integration of AI and blockchain in business operations, strategies for navigating volatile global markets, sustainable shipping practices, and building resilient trade routes in the face of geopolitical challenges and natural disasters.
Notably, Indian corporations such as Wipro, Tech Mahindra, and SRM Tech are participating, alongside numerous other companies and entrepreneurs. Bollywood and cricket stars will also take part in panel discussions. A key focus this year is the implementation of digital solutions and addressing challenges in technological transitions. Special attention is being given to developing innovative solutions for supply chain diversification and risk mitigation in global trade routes.
About UAE :
Capital: Abu Dhabi
Prime Minister (PM): Sheikh Mohammed bin Rashid Al Maktoum
Currency: UAE Dirham (AED)
Banking news
RBI Governor Urges Bank Boards to Strengthen Governance and Curb Mis-Selling Practices
RBI Governor Shaktikanta Das emphasized the need for private sector bank boards to reinforce their internal governance frameworks and take decisive steps to curb unethical practices, particularly mis-selling of products and opening accounts without proper KYC verification. Speaking at the Conference of Directors of Private Sector Banks in Mumbai, the Governor also stressed the importance of carefully structuring staff incentives to avoid encouraging such unethical behavior.
Das further urged the boards to manage concentration risks by closely monitoring portfolios, identifying over-concentration, and addressing any potential vulnerabilities in their operations.
This was the second annual conference organized by the Reserve Bank of India (RBI) with the boards of private sector banks as part of its ongoing engagement with the banking sector. Over 200 directors, including chairmen, managing directors, and CEOs of private sector banks participated in the conference.
Reserve Bank of India (RBI)
Established: April 1, 1935
Headquarters: Mumbai, Maharashtra, India
Governor: Shaktikanta Das
Tagline: “Bringing Banking to Life”
Banks Should Target ₹6.12 Lakh Cr MSME Lending for FY 2025-26, ₹7 Lakh Cr for FY 2026-27: FM Sitharaman
Union Finance Minister Nirmala Sitharaman announced that banks should aim for ₹6.12 lakh crore in MSME lending for FY 2025-26 and ₹7 lakh crore for FY 2026-27. She made this statement during her keynote address at the 11th SBI Banking & Economics Conclave in Mumbai, which focused on the theme ‘Making Aspiration of Viksit Bharat a Reality’.
Sitharaman also highlighted India’s remarkable economic growth, noting that in 2013-14, India became the 10th largest economy, and by 2021-22, it had risen to 5th position. She expressed confidence that India will soon achieve the 3rd position in the global economic rankings.
Micro, Small, and Medium Enterprises (MSME):
· headquarter : New Delhi, India.
· established : 2007
State news
Telangana Govt Establishes Telangana AI Advisory Council
The Telangana government has established the Telangana Artificial Intelligence (AI) Advisory Council to study best practices in AI policies and create a strong policy framework for the state’s AI growth. The announcement was made by IT Minister D. Sridhar Babu at the AI in Healthcare Summit: Road to BioAsia 2025 held in Hyderabad.
Minister Babu emphasized the transformative potential of AI for industries, the environment, and society, noting that education and innovation can drive economic growth and productivity, particularly in areas of comparative advantage. He highlighted the vast scope of AI in healthcare, including drug discovery, diagnostics, and improving patient care and safety.
The minister also stressed the role of the AI Advisory Council in promoting inclusive, ethical, and responsible AI growth, aligned with Sustainable Development Goals. He assured support for companies and announced AI training programs. Additionally, partnerships with companies will focus on training skilled AI engineers for MSMEs, and plans for an AI-focused university were also shared.
About MSME :Micro, Small and Medium Enterprises in India.
Chair man : Shri Jitan Ram Manjhi,
Established : 2007
About Telangana:
Capital: Hyderabad
Chief minister: Revanth Reddy
Guru Ghasidas-Tamor Pingla in Chhattisgarh Notified as India’s 56th Tiger Reserve
Guru Ghasidas-Tamor Pingla Tiger Reserve in Chhattisgarh has been officially notified as the 56th Tiger Reserve of India, as announced by Environment Minister Bhupender Yadav. The reserve spans 2,829 sq km, with the Chhattisgarh government notifying it based on recommendations from the National Tiger Conservation Authority.
The tiger reserve includes a critical tiger habitat of 2,049.2 sq km, comprising the Guru Ghasidas National Park and Tamor Pingla Wildlife Sanctuary, with an additional buffer zone of 780.15 sq km. This makes it the third-largest tiger reserve in India, following the Nagarjunasagar-Srisailam Tiger Reserve in Andhra Pradesh and Manas Tiger Reserve in Assam
About Chhattisgarh :
Capital: Raipur
Chief Minister (CM): Vishnu Dev Sai
National Parks:
Kanger Valley National Park
Indravati National Park
Achanakmar Wildlife Sanctuary
Appointment news
Dr. Navinchandra Ramgoolam Appointed Prime Minister of Mauritius for Third Term
Dr. Navinchandra Ramgoolam, leader of the Labour Party, has been appointed as the Prime Minister (PM) of Mauritius for the third time by President Prithvirajsing Roopun. This follows the victory of his coalition, Alliance du Changement, in the parliamentary election. He took the oath of office on November 13, 2024, for a five-year term, succeeding Pravind Kumar Jugnauth, who had served as PM since 2017.
In the election, the opposition coalition won a decisive victory, securing 62.6% of the vote and winning 60 out of 62 contested seats, while the People’s Alliance led by Jugnauth failed to win any seats. This election was the 12th since Mauritius gained independence in 1968.
About Mauritius:
Capital: Port Louis
Currency: Mauritian Rupee (MUR)
prime minister of Mauritius : Navin Ramgoolam
ACA Appoints Mithali Raj as Mentor of Women’s Cricket Operations
The Andhra Cricket Association (ACA) has appointed former Indian women’s cricket captain, Mithali Raj, as the Mentor of Women’s Cricket Operations. Raj, widely regarded as one of the greatest female cricketers, has signed a three-year contract with the ACA.
Key Responsibilities:
Scouting and nurturing young talent across Andhra Pradesh, with a focus on developing the next generation of women cricketers.
Bringing her vast experience and knowledge to guide and support the growth of women’s cricket in the state.
About Mithali Raj:
Mithali Raj retired from international cricket in 2022 and has been an advocate for the promotion of women’s sports.
She will use her extensive expertise to help shape the future of women’s cricket in Andhra Pradesh and beyond.
Andhra Cricket Association (ACA) :
Established: 1953.
Headquarters: Visakhapatnam, Andhra Pradesh, India
Chairman: Kesineni Sivanath
Acquisition and Mergers
HDFC Standard Life Buys Rs 90 Crore Worth of PNB Housing Finance Shares
HDFC Standard Life Insurance Company Limited, based in Mumbai, has acquired 0.4% shares of PNB Housing Finance Limited for Rs 90 crore through an open market transaction. This acquisition reflects HDFC Standard Life’s interest in expanding its portfolio in the housing finance sector.
Key Details:
The shares were purchased at an average price of Rs 900 per share, amounting to a total transaction value of Rs 90 crore.
Following the transaction, the foreign investor Asia Opportunities V (Mauritius) Ltd reduced its stake in PNB Housing Finance from 1.34% to 0.94%.
Earlier in August 2024, Asia Opportunities V (Mauritius) sold a 3% stake in PNB Housing Finance for Rs 676 crore.
In May 2024, Asia Opportunities V and General Atlantic sold a combined 4.46% stake in the company for Rs 843 crore.
About PNB Housing Finance:
Headquarters: New Delhi, India
Managing Director and Chief Executive Officer : Mr. Girish Kousgi
Established: 1988
Important days
Prime Minister Pays Tribute to Rani Lakshmibai of Jhansi on Her Birth Anniversary
On 19 th November birth anniversary of Rani Lakshmibai of Jhansi, Prime Minister Narendra Modi paid heartfelt tribute to her, calling her a true embodiment of courage and patriotism. In a post on X, the Prime Minister honored her legacy, highlighting her bravery and leadership during the fight for freedom.
Rani Lakshmibai is celebrated as a symbol of fearlessness and resilience in India’s struggle for independence.
The Prime Minister’s tribute underscores Rani Lakshmibai’s role as a leader during the Indian Rebellion of 1857 and her lasting impact on the nation’s history.
International Men’s Day:
International Men’s Day (IMD) was first celebrated on November 19, 1999, in Trinidad and Tobago, founded by Dr. Jerome Teelucksingh.
The day aims to celebrate positive male role models, raise awareness about issues that men face, and promote gender equality.
The day encourages a discussion about men’s health, mental well-being, toxic masculinity, social issues, and the contributions that men make to family, community, and society.
The 2024 theme focuses specifically on health-related issues impacting men, with an emphasis on both physical and mental health. This theme will encourage conversations about how to improve the overall health and well-being of men globally, address health disparities, and raise awareness about health risks that are more prevalent in men.
