Title: Prison tag: On a viable means of decongesting prisons
The suggestion for the introduction of electronic tracking of prisoners granted parole or furlough may merit consideration as a viable means of decongesting prisons. The idea of having a pilot programme to make undertrials who pose low or moderate risk wear devices that will track and restrict their movements has been mooted in a research report of the Supreme Court of India’s Centre for Research and Planning. This is not the first time the use of electronic tracking has been considered, though. The Model Prisons and Correctional Services Act, 2023, contains a provision that says “prisoners may be granted prison leave on the condition of their willingness to wear electronic tracking devices” so that their movement and activities may be monitored. It speaks of cancelling the leave in case of any violation. The study points out that Odisha was the first State to propose the use of tamper-proof electronic trackers on undertrials accused of non-heinous offences to reduce congestion in jails. Such a measure would extend the concept to grant of bail. However, it also points out correctly that there are no guidelines or minimum standards for when and how the technology can be deployed without violating the prisoners’ rights. The use of technology for tracking the movement of those allowed to leave prison on some conditions does raise such concerns.
The Court, earlier this year, disapproved of imposing bail conditions that would infringe their right to privacy of the accused. The context in that case was a bail condition that the accused should pin his location on Google Maps and share it with the investigating officer. However, it ought not to mean that electronic tagging should be rejected out of hand. A Parliamentary Standing Committee had approved of cost-effective devices being used with the consent of the accused, citing the possible gains of avoiding rights violation, reducing administrative costs and decongesting prisons. Rising occupancy in prisons has been a matter of concern in the last few years. Official statistics put the number of prisoners in the country’s jails at 5,73,220 on December 31, 2022, amounting to 131.4% of the total capacity. Therefore, any move that will reduce the occupancy, including the use of tracking technology, ought to be a welcome measure. Several jurisdictions in the world deploy devices to track the movement of certain categories of offenders. It would be logical to use them to ensure that prisoners released recently do not approach their victims again or enter locations associated with their crimes. If the trackers were to be compact in terms of size and visibility, it could also make the beneficiaries of bail shed their reluctance to wear them for fear of stigmatisation.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
decongesting
Decongesting means relieving or reducing congestion—that is, clearing or lessening the state of being overcrowded, obstructed, or clogged.
Clearing Unblocking Relieving Easing
Congesting Blocking Clogging Overcrowding
heinous
The word “heinous” is an adjective that means extremely wicked, shocking, or evil. It is often used to describe actions or crimes that are morally reprehensible and provoke strong feelings of outrage or disgust.
Atrocious Abominable Monstrous Horrific
Admirable Noble Virtuous Kind
stigmatisation
Stigmatisation refers to the process of treating someone or something unfairly by attaching a negative label, stereotype, or reputation to them.
Title: This time for Africa: On India, Africa and the Global South
Prime Minister Narendra Modi’s visit to Nigeria, and his ongoing tours to Brazil, for the G-20, and Guyana, are important not only for ties with each of these countries but also significant as a statement on India’s commitment to the Global South. In the Abuja visit, the first after then Prime Minister Manmohan Singh’s 2007 visit, where the two countries declared a Strategic Partnership, Mr. Modi and Nigerian President Bola Ahmed Tinubu reaffirmed ties in areas including defence cooperation. Mr. Modi identified terrorism, separatism, piracy and drug trafficking as challenges for the two countries to work together on. Receiving Nigeria’s ‘the Grand Commander of the Order of the Niger’, Mr. Modi, the second foreign dignitary to receive the distinction, dedicated the award to the people of India and to the ‘long-standing, historical friendship between India and Nigeria’. India was among the countries that sent teachers and doctors to Nigeria after its independence from Britain in 1960. The Indian community is over 60,000-strong — India’s largest diaspora in West Africa, and a bridge builder. The two countries have strong economic ties in a region where India has often been faulted for not doing more: about 200 Indian companies have invested about $27 billion, in pharma, health care, agriculture and energy, where both countries share low-cost technologies and experiences as they tackle similar chronic issues of poverty, pollution and population density. Nigeria is among the top African economies in GDP. It is now a BRICS partner country. The conversations will continue, as both leaders travelled to Rio De Janeiro for the G-20 in Brazil, and where the African Union was inducted as a G-20 member in 2023.
While India’s voluble commitment to the Global South and South-South cooperation has been appreciated, particularly in Africa, it also has been seen as short on follow-through at times. Its leadership of the third iteration of “Voice of the Global South” (VoGS) conference this year has seen lack-lustre participation. India’s plans to use the platform to feed into the G-20 processes may find more engagement if it allows the G-20 host each year to take over the hosting of the VoGS summit. The India-Africa Forum summit, last held in 2015, is also overdue, and it is hoped that New Delhi moves, as the Foreign Secretary promised at a briefing on Mr. Modi’s visit, to hold it early next year. As India shores up ties across the Southern hemisphere, and builds common cause with countries that are important when it comes to the debate over global governance, food, energy and health security, it must be seen to match its ideals with nimble footwork and a decided presence across the developing world, as is evidenced by the Prime Minister’s travels this week.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
piracy
It refers to the act of attacking ships or other maritime vessels at sea, often for the purpose of robbery, kidnapping, or extortion.
Robbery Hijacking Plunder Theft
Legality Lawfulness Ethics Honesty
dignitary
Its refers to a person who holds a high rank or important position, especially in government, society, or a particular organization.
Official High-ranking Official Leader Authority
Commoner Peasant Ordinary person Nonentity
lack-lustre
Its refers to something that is dull, uninspiring, or lacking in energy, vitality, or excellence.
Dull Mediocre Uninspiring Flat
Brilliant Vibrant Exciting Energetic
nimble
Its refers to being quick, light, and agile in movement or thought.
PM Modi to Attend G20 Summit in Rio de Janeiro, Brazil
Prime Minister Narendra Modi is set to attend the G20 Summit in Rio de Janeiro, Brazil, 18 th November . The summit, which will continue for two days, will see world leaders, including US President Joe Biden and Chinese President Xi Jinping, coming together to discuss global issues.
During the summit, PM Modi is expected to hold separate talks with world leaders on the sidelines. As part of the G20 Troika, which also includes Brazil and South Africa, India has played an active role in shaping the ongoing discussions at the summit.
This year’s summit theme is “Building a Just World and a Sustainable Planet,” with Brazil prioritizing social inclusion, poverty, sustainable development, and the reform of global governance institutions. The summit will also build on the outcomes of the G20 New Delhi Leaders’ Declaration and India’s Voice of the Global South Summits hosted in recent years.
India’s success in the 2023 G20 Summit included convincing world leaders to include the Russia-Ukraine war in the New Delhi Declaration and bringing the African Union into the G20, amplifying the voice of the Global South on the global stage.
About Group of Twenty (G20) :
Established: 1999
Members: 19 countries and the European Union (EU)
PM Modi Addresses Indian Community in Abuja: India’s Journey Towards ‘Viksit Bharat’
Prime Minister Narendra Modi addressed the Indian diaspora in Abuja, Nigeria, emphasizing that India has embarked on a new journey with the goal of building a ‘Viksit Bharat’ (Developed India). He highlighted the nation’s transformation, which is defined by innovation, progress, and new pathways that have become the hallmark of India’s identity.
Key Points:
India’s New Journey: PM Modi stated that India has moved beyond its comfort zone, with a focus on innovation and creating pathways for progress.
Startup Ecosystem: India now has over 1.5 lakh registered startups, with 100+ Unicorns in the past decade, showcasing the success of its startup culture.
Economic Growth: India has added 2 trillion US Dollars to its GDP in the last decade.
Space Achievements: India is advancing in space, with plans to send Indians to space through its own Gaganyaan mission and build a space station.
Defense Exports: India’s defense exports have increased nearly 30 times in recent years.
Parliamentary Standing Committee Reviews Indian Coast Guard’s Role in Coastal Security
The Parliamentary Standing Committee on Defence held a meeting in Chennai 18 th November to review the role of the Indian Coast Guard (ICG) in ensuring coastal security along India’s extensive maritime boundaries. The meeting was led by Radha Mohan Singh, with senior officials from the Ministry of Defence and ICG in attendance.
Key Points:
Director General’s Briefing: S Paramesh, Director General of the Indian Coast Guard, provided a comprehensive overview of the ICG’s operational capabilities, strategic initiatives, and readiness to tackle coastal security challenges.
Coastal Security Efforts: The discussion focused on the ICG’s efforts to safeguard India’s maritime interests, improve coordination with stakeholders, and enhance response mechanisms for maritime safety and security.
Advanced Capabilities: The ICG’s use of advanced surveillance systems, state-of-the-art vessel fleets, and specialized response units was highlighted. The Coast Guard also plays a vital role in combating illegal fishing, smuggling, and human trafficking.
infrastructure, and inter-agency coordination efforts.
Safeguarding the Coastline: The ICG’s proactive role in securing India’s 11,098 km coastline and protecting vital maritime trade routes was commended.
Indian Coast Guard (ICG) :
Coast Guard Headquarters: New Delhi
Chairman : S. Paramesh
Established : 1977
India Successfully Conducts Flight Test of Long-Range Hypersonic Missile
India has successfully conducted the flight test of its first long-range hypersonic missile from Dr APJ Abdul Kalam Island off the coast of Odisha. The Defence Research and Development Organisation (DRDO) carried out the flight trial yesterday, marking a significant milestone in India’s defence capabilities.
Key Points:
Hypersonic Missile Features: This advanced missile is designed to carry various payloads and is capable of striking targets over a range greater than 1,500 km. It is a critical asset for India’s Armed Forces, enhancing the country’s strategic military capabilities.
Defence Minister’s Statement: Rajnath Singh, the Defence Minister, hailed the successful test as a historic achievement. He praised the efforts of DRDO, the Armed Forces, and the defence industry, stating that India is now part of a select group of nations possessing such advanced military technologies.
About Odisha :
Capital: Bhubaneswar
Chief minister: Mohan Charan Majhi
Governor: Raghubar Das
About Defence Research and Development Organisation (DRDO):
Chairman: Dr. Samir V. Kamat
Headquarters: New Delhi, India.
International news
IMF Team Arrives in Sri Lanka for 3rd Review of Economic Reform Programme
A delegation from the International Monetary Fund (IMF) has arrived in Sri Lanka to conduct the third review of the island nation’s economic reform programme. The review is part of Sri Lanka’s ongoing financing programme under the Extended Fund Facility (EFF) approved by the IMF.
Key Points:
IMF Mission: The IMF team, led by Peter Breuer, Senior Mission Chief, will assess Sri Lanka’s economic policies, evaluate the progress of ongoing reforms, and review the implementation of prior agreements between Sri Lanka and the IMF.
IMF Extended Fund Facility: Sri Lanka was approved for a 2.9 billion dollarExtended Fund Facility to be disbursed over 48 months. This loan is intended to help the country recover from its economic crisis and restore stability.
Sri Lanka’s Economic Crisis: The country has faced a severe Forex shortage since 2022, leading to a shortage of essential imports, which worsened the nation’s economic situation.
International Monetary Fund (IMF):
Headquarters: Washington, D.C., United States.
Managing Director: Kristalina Georgieva
About srilanka
Capital: Colombo
India Expresses Concern on Climate Finance and Mitigation Issues at CoP29
India has expressed its dissatisfaction with the lack of engagement by developed countries on critical issues such as climate finance and the Mitigation Work Programme (MWP) during the CoP29 conference held in Baku, Azerbaijan. India delivered a statement at the closing plenary of the Subsidiary Bodies on the Sharm el-Sheikh Mitigation Ambition and Implementation Work Programme (MWP), highlighting key concerns over the progress made at the summit.
Key Points:
Concerns over Developed Countries’ Position: India criticized the developed countries for requesting the inclusion of mitigation paragraphs from the Global Stocktake at CoP28 into the MWP, which was contrary to previously agreed terms. This move was seen as an attempt to shift the goalposts on climate action.
India’s Statement at CoP29: India expressed serious concern over the lack of progress at CoP29, noting that critical issues for developing countries remain unresolved. India emphasized that these countries, which contribute the least to climate change, are facing the worst impacts but have limited capacity to address or adapt to these challenges.
Call for Action: India underscored the need for greater accountability from countries with the highest capacity to take climate action, highlighting their disproportionate consumption of the global carbon budget and delay in taking meaningful steps.
PM Modi Lauds Marathi Community in Nigeria for Cultural Connection
Prime Minister Narendra Modi has praised the Marathi community in Nigeria for staying connected to their culture and roots. During his visit to Abuja, the Indian community in Nigeria gave a warm and vibrant welcome to the Prime Minister.
Key Points:
Cultural Pride: PM Modi appreciated the Marathi community for their strong ties to their heritage and culture, highlighting their pride in their linguistic and cultural identity.
Classical Language Status for Marathi: The Marathi community in Nigeria expressed their joy over the Marathi language being granted the prestigious Classical Language status in India. This recognition is seen as a significant achievement for the Marathi-speaking population worldwide.
Warm Welcome: Upon his arrival in Abuja, the Indian community gave PM Modi a heartfelt reception, showcasing their enthusiasm and support for his leadership.
Gujarat Launches Semiconductor Policy 2022-2027, Becomes First State with Dedicated Policy
Gujarat has taken a significant step towards semiconductor self-reliance by launching the ‘Gujarat Semiconductor Policy 2022-2027’ under the leadership of Chief Minister Bhupendra Patel. With this initiative, Gujarat becomes the first Indian state to implement a dedicated semiconductor policy, aiming to boost the state’s leadership in semiconductor manufacturing and electronic innovation.
Key Points:
Semiconductor Policy: The Gujarat Semiconductor Policy 2022-2027 focuses on advancing Gujarat’s position in the semiconductor industry by creating a conducive environment for semiconductor manufacturing and related technologies.
Gujarat State Electronics Mission: To oversee the policy’s implementation, the state has established the ‘Gujarat State Electronics Mission’, a dedicated institution for promoting semiconductor self-reliance and enhancing Gujarat’s role in the electronics ecosystem.
Market Growth: India’s semiconductor market, valued at USD 15 billion in 2020, is projected to grow exponentially, reaching over USD 63 billion by 2026, highlighting the increasing demand and strategic importance of the sector.
About Gujarat:
Chief Minister: Bhupendra Patel
Governor: Acharya Devvrat
Capital: Gandhinagar
National Parks: Gir National Park, Vansda National Park
DEFENCE NEWS
3rd Edition of India-Australia Joint Military Exercise “AUSTRAHIND-24” Held in Pune
The 3rd edition of the India-Australia joint military exercise, AUSTRAHIND-24, is currently being conducted at the Foreign Training Node in Pune, Maharashtra, from November 8 to November 21, 2024. The exercise aims to further strengthen the military cooperation between India and Australia, enhancing their joint operational capabilities, particularly in unconventional operations.
Key Points:
Purpose of the Exercise: AUSTRAHIND-24 focuses on improving interoperability between the Indian and Australian forces, with an emphasis on joint unconventional operations.
Background of AUSTRAHIND:
Inception: The exercise began in 2022 at Mahajan Field Firing Ranges in Rajasthan. It is held alternately in India and Australia each year.
The previous edition was conducted in Perth, Australia, in December 2023.
About AUSTRAHIND-2024:
Environment: This year’s exercise takes place in a semi-urban, semi-desert environment, simulating conditions for UN peacekeeping operations under Chapter VII of the United Nations mandate.
Focus Areas: The exercise will emphasize joint physical fitness, planning, and tactical coordination between the two forces.
Participants:
Indian Contingent:
140 personnel, mainly from the DOGRA Regiment of the Indian Army (IA), along with 14 members from the Indian Air Force (IAF).
Australian Contingent:
120 personnel, primarily from the 13th Light Horse Regiment of the 10th Brigade, 2nd Division of the Australian Army.
About Australia:
Prime Minister: Anthony Albanese
Capital: Canberra
Currency: Australian Dollar (AUD)
Banking news
Jio Financial Services Launches “Smart Gold” Digital Investment Platform
Mumbai-based Jio Financial Services Limited (JFSL), a non-deposit taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), has launched its new digital gold investment platform, “Smart Gold”. This platform, accessible through the JioFinance application, allows customers to invest in 24-Karat physical gold with a minimum investment of Rs 10.
RBI Approval: JFSL has received approval from the Reserve Bank of India to operate as an Online Payment Aggregator (PA).
Key Features of Smart Gold:
Gold Investment Flexibility:
Customers can buy, sell, or redeem gold holdings for either cash or physical gold (coins and jewelry), providing a seamless investment experience.
Investments can be made in rupee denominations or in grams (gms), offering flexibility.
Security & Transparency:
The physical gold purchased by customers will be procured and stored in insured vaults, ensuring security.
Customers can track the live market price of gold on the JioFinance app, ensuring transparency in their investments.
Physical Gold Delivery:
Physical gold delivery is available for holdings as small as 0.5 grams. The available denominations include 0.5 gm, 1 gm, 2 gm, 5 gm, and 10 gm.
Mahindra Finance and RBL Bank Launch Co-branded Credit Card
Mahindra & Mahindra Financial Services Limited (Mahindra Finance) has partnered with RBL Bank Limited to launch their first-ever co-branded credit card. This initiative is designed to meet the aspirational needs of Mahindra Finance’s customers, providing them with a range of benefits tailored to their financial needs.
Key Highlights:
First Co-branded Credit Card: This is the first co-branded credit card offering by Mahindra Finance in collaboration with RBL Bank.
Wide Range of Benefits: The new credit card aims to provide unmatched benefits across various categories, ensuring value for customers.
Focus on E-Commerce & Technology: With the rising adoption of e-commerce and technological advancements, especially in non-metro locations, Mahindra Finance plans to tap into the growth potential by offering this solution to a broader customer base.
Ratnakar Bank Limited (RBL Bank):
Chairman: Harish M. V.
Headquarters: Mumbai, Maharashtra, India.
Established: 1943
Sports news
India to Host WADA GLDF Results Management Training in New Delhi (Nov 19-22, 2024)
India, in collaboration with the World Anti-Doping Agency (WADA), is set to host the Global Learning and Development Framework (GLDF) Results Management Training in New Delhi from November 19-22, 2024. The event is organized by the National Anti-Doping Agency (NADA) India with support from the Japan Sports Agency (JSA) and the Japan Anti-Doping Agency (JADA).
Key Highlights:
Training Focus: The GLDF Results Management Training will focus on enhancing the technical expertise of anti-doping professionals, particularly in results management, case management, adjudication processes, and the application of the World Anti-Doping Code.
International Participation: The training will see the participation of anti-doping professionals from over 10 countries including Maldives, Myanmar, Nepal, Malaysia, Thailand, Uzbekistan, Vietnam, Philippines, Brunei, Kyrgyzstan, and Laos. Representatives from WADA, Athletics Integrity Unit (AIU), and the Badminton World Federation (BWF) will also be involved.
Objective: The goal is to standardize anti-doping procedures, foster international collaboration, and strengthen the global sport integrity framework. The training will focus on building capacity and sharing knowledge among participants, helping to promote clean sport worldwide.
About National Anti-Doping Agency (NADA).
Director general : Shri Ashish Bhargava,
Headquarters: New Delhi, India.
Established: 2005.
Australian Cricketer Matthew Wade Announces Retirement from International Cricket
Matthew Wade, the 36-year-old Australian cricketer, has announced his retirement from international cricket. Following his retirement, Wade will transition to a coaching role as the wicketkeeping and fielding coach for the Australia national team during the upcoming T20 series against Pakistan in November 2024.
Key Highlights:
Career Stats:
36 Tests: Scored 1,613 runs with four centuries, including a top score of 117 in the 2019 Ashes.
97 ODIs: Amassed 1,867 runs.
92 T20Is: Scored 1,202 runs.
Wade has played 225 international matches for Australia across all formats.
Leadership Role: Wade served as the T20 captain for Australia between December 2020 and February 2024, leading the team for a significant period in the shortest format.
Jyothi Surekha Wins Gold in Women’s Compound Event at GT Open
Jyothi Surekha Vennam, the reigning Asian Games champion, clinched the gold medal in the women’s compound event at the GT Open held in Luxembourg.
Key Highlights:
Jyothi Surekha dominated the competition, securing the title with a 147-145 victory over Sarah Prieels of Belgium.
This was Jyothi’s debut at the GT Open, and she showcased her exceptional skills throughout the tournament.
In the men’s compound event, Abhishek won the silver medal, narrowly missing out on gold. Despite scoring a perfect 150, he was defeated by Mike Schlosser of the Netherlands, who also scored a perfect shot in the final.
Appointment news
Amandeep Johl Appointed as CEO of Professional Golf Tour of India (PGTI)
Amandeep Johl has been appointed as the new Chief Executive Officer (CEO) of the Professional Golf Tour of India (PGTI). He will officially take over the role starting January 2025.
Key Highlights:
Amandeep Johl is a well-respected figure in Indian golf, known for his significant contributions to the sport.
He brings a wealth of experience to his new leadership role, which will involve overseeing the operations and growth of the PGTI.
Johl’s appointment marks an important step as the PGTI continues to strengthen its position in the Indian golfing landscape.
Professional Golf Tour of India (PGTI):
Chairman: Kapil Dev
Headquarters: New Delhi, India.
Established: 2006.
OBITUARY
Nation Remembers Lala Lajpat Rai on 96th Death Anniversary
November 17 th , the nation is paying tribute to Lala Lajpat Rai, also known as Punjab Kesari, on the occasion of his 96th death anniversary. Lala Lajpat Rai, a prominent freedom fighter, passed away after sustaining severe head injuries from a baton charge by the British police while leading a peaceful protest against the Simon Commission.
Key Points:
Lala Lajpat Rai’s Legacy: Lajpat Rai was a key member of the Lal Bal Pal trio, which also included Bal Gangadhar Tilak and Bipin Chandra Pal. These three leaders were central figures in the Indian freedom struggle and played a crucial role in advocating for nationalism and self-rule.
Tribute Ceremony: A tribute ceremony was held at Lala Lajpat Rai’s native village, Dhudikey, in the Moga district of Punjab, where several leaders and citizens gathered to honor his sacrifice.
Harpal Singh Cheema’s Tribute: Punjab Cabinet Minister Harpal Singh Cheema was among those who paid their respects to the martyr.
NITI Aayog’s WEP Partners with Urban Company to Empower Women MSMEs in Beauty and Wellness
NITI Aayog’s Women Entrepreneurship Platform (WEP) has partnered with Urban Company to launch a pilot program supporting women-owned MSMEs in the beauty and wellness sector. The initiative aims to help women entrepreneurs who own local salons and parlors by providing training in six key areas: skilling, legal and compliance, access to finance, market development, business services, and mentorship.
Anna Roy, Principal Economic Adviser at NITI Aayog, emphasized that this collaboration is a crucial step towards building a strong ecosystem for women in the sector, helping them create sustainable businesses.
MSME : Micro, Small, and Medium Enterprises
Head : jitan Ram Manjhi:
Head quarter: Udyog Bhawan, Rafi Marg, New Delhi
Established : 2007
NITI National Institution for Transforming India:
established : January 1, 2015
Chairperson: PM. Narendra modi
Prime Minister Shri Narendra Modi Addresses Hindustan Times Leadership Summit 2024 in New Delhi
Prime Minister Shri Narendra Modi addressed the Hindustan Times Leadership Summit 2024 in New Delhi, where he congratulated the Hindustan Times (HT) on its historic 100-year journey. He acknowledged the newspaper’s pivotal role in documenting India’s freedom struggle and post-independence journey. During his speech, the Prime Minister highlighted the contributions of prominent figures like Martin Luther King, Netaji Subhas Chandra Bose, and Atal Bihari Vajpayee, who had written for HT.
Shri Modi reflected on key moments in India’s history, such as the merger of Kashmir with India in 1947 and the subsequent challenges. He expressed satisfaction at the record voter turnout in recent Jammu and Kashmir elections. The Prime Minister also shared a special memory of a HT newspaper print from the past, juxtaposing news about Assam being a disturbed area with Atal Bihari Vajpayee laying the foundation for the Bharatiya Janata Party (BJP).
About Hindustan Times (HT)
established : 1924.
headquarters : New Delhi, India
CEO OF HT: Shobhana Bhartia
INTERNATIONAL NEWS
Historic Inauguration of First Trilateral Power Transaction from Nepal to Bangladesh via Indian Grid
The first-ever trilateral power transaction from Nepal to Bangladesh via the Indian grid was inaugurated 16 th november. Power Minister Manohar Lal, Fouzul Kabir Khan (Adviser, Bangladesh Ministry of Power), and Dipak Khadka (Nepal’s Minister of Energy) participated in the virtual inauguration. This landmark event marks the beginning of a new era of sub-regional energy cooperation.
The initiative, which was announced during the visit of Nepal’s former Prime Minister Pushpa Kamal Dahal to India, involves the export of up to 40 MW of power. A tripartite agreement between NTPC Vidyut Vyapar Nigam, Nepal Electricity Authority, and Bangladesh Power Development Board was signed on October 3 to formalize the deal. The new power flow is expected to enhance regional connectivity and promote mutual economic benefits.
About Nepal:
President: Ram Chandra Paudel
Capital: Kathmandu
Currency: Nepalese Rupee (NPR)
About Bangladesh :
President: Mohammad Shahabuddin
Capital: Dhaka
Currency: Bangladeshi Taka (BDT)
BDT Launches Compliance-Cum-Awareness Campaign for AY 2024-25
The Central Board of Direct Taxes (CBDT) has launched a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to help taxpayers accurately complete Schedule Foreign Assets (FA) and report foreign income in their Income Tax Returns (ITR). Compliance with Schedule FA and Schedule FSI is mandatory under the Black Money Act, which requires full disclosure of foreign assets and income.
The campaign includes sending informational messages via SMS and email to taxpayers who may have foreign accounts or assets, or income from foreign sources, based on data from bilateral and multilateral agreements. This effort aims to guide taxpayers in completing these schedules, particularly for high-value foreign assets.
The initiative aligns with the government’s vision of Viksit Bharat and focuses on using technology to simplify compliance and reduce human interaction. The CBDT encourages taxpayers to visit the official Income Tax Department website for detailed guidance on completing Schedule FA.
Central Board of Direct Taxes (CBDT):
Headquarter: New Delhi, India.
Chairman : Shri Ravi Agrawal
Established: 1 January 1964
BANKING NEWS
IBBI Collaborates with IBA for Asset Auction via eBKray Platform
The Insolvency and Bankruptcy Board of India (IBBI) has partnered with the Indian Banks’ Association (IBA) to facilitate the auction of assets under the liquidation process through the eBKray platform. The platform is currently managed by PSB Alliance Private Limited, a consortium of 12 Public Sector Banks (PSBs).
Key Points:
The collaboration aims to enhance the asset auction process under the insolvency and bankruptcy framework.
A circular issued by IBBI, under Section 196 of the Insolvency and Bankruptcy Code (IBC 2016), makes this initiative official.
The platform will come into effect from 1st November 2024.
Initially, the platform will operate in pilot mode, with improvements to be made based on user feedback. A full roll-out will be announced later.
About IBBI:
Chairman: Ravi Mittal
Headquarters: New Delhi,
Established: 2016
ECONOMIC NEWS
SBI Projects India’s GDP Growth at 6.5% for Q2 FY25
According to the State Bank of India (SBI)‘s latest report, India’s Gross Domestic Product (GDP) is expected to grow by around 6.5% in the 2nd Quarter (Q2: July-September) of Financial Year 2024-25 (FY 25). This is 50 basis points (bps) lower than the Reserve Bank of India (RBI)‘s estimate of 7% for Q2FY25.
Key findings from the report:
Q3 and Q4 Projections: SBI estimates that India’s GDP growth in Q3 and Q4 of FY25 will be closer to 7%.
Leading Indicators: The report monitored 50 leading indicators across sectors like consumption, demand, agriculture, industry, and services, showing a decline in Q2FY25 compared to previous quarters.
The percentage of indicators showing acceleration dropped to 69% in Q2FY25, compared to 80% in Q2FY24 and 78% in Q1FY25.
Rural vs. Urban Demand: The report highlighted the growth in rural demand, with 85% of rural indicators showing acceleration, while urban demand showed a slower pace, with only 73% of urban indicators showing acceleration (as of September 2024)
State Bank of India
Established: 1st July 1955
Headquarters: Mumbai, Maharashtra, India
Tagline: “The Banker to Every Indian”
Chairman: Dinesh Kumar Khara
APPOINTMENT NEWS
FM Nirmala Sitharaman Congratulates Tulsi Gabbard on Appointment as U.S. Director of National Intelligence
Union Finance Minister Nirmala Sitharaman congratulated Tulsi Gabbard on her appointment as the Director of National Intelligence (DNI) in the United States. In a social media post, Sitharaman praised Gabbard for her 21 years of service in the U.S. Army Reserve, where she rose to the rank of Lt. Colonel. Sitharaman expressed her admiration for Gabbard’s clarity of thought and dedication, wishing her the best in her new role.
Anurag Srivastava Appointed as India’s Next High Commissioner to Mauritius
Anurag Srivastava, a 1999-batch Indian Foreign Service (IFS) officer, has been appointed as India’s next High Commissioner to Mauritius. The announcement was made by the Ministry of External Affairs (MEA) on Saturday.
This appointment underscores the deep historical, cultural, and demographic ties between India and Mauritius. The two nations share a strong and longstanding relationship, marked by high-level political engagement and cooperation across various sectors. Srivastava’s new role highlights India’s commitment to further strengthening this bond with Mauritius, an important partner in the Indian Ocean region.
Minister of External Affairs : Dr. S. Jaishankar.
headquarters : New Delhi, India.
established : 1947
About Mauritius:
President: Prithvirajsing Roopun
Capital: Port Louis
Currency: The Mauritian rupee
RANKING AND REPORT
Mukesh Ambani in 1st Fortune 100 Most Powerful People in Business List
Fortune magazine has released its inaugural 100 Most Powerful People in Business list, with Elon Musk, CEO of Tesla and SpaceX, ranked 1st. Indian business magnate Mukesh Ambani is ranked 12th on the list. The list highlights global business leaders from various industries, including six Indian-born Americans such as Satya Nadella (Microsoft CEO, 3rd), Sundar Pichai (Alphabet CEO, 10th), and Shantanu Narayen (Adobe CEO, 52nd).
The highest-ranked woman on the list is Mary Barra, CEO of General Motors, who holds the 9th position. The Fortune 100 includes leaders across 40 industries, representing a wide range of business innovation, from established giants to new disruptors like Elon Musk. The list underscores the growing influence of Indian-origin leaders in the global business landscape.
IMPORTANT NEWS
National Press Day Celebrated to Honor Press Freedom and Responsibility
National Press Day is being observed 16 th November to recognize the vital role of a free and responsible press in Indian society. On this day in 1966, the Press Council of India (PCI) began its operations as a moral watchdog to ensure high standards of journalism and protect the press from undue influence.
The day highlights the achievements of the press while emphasizing its responsibility in fostering a transparent and informed society. Activities include the National Awards for Excellence in Journalism and the release of a Souvenir. Union Minister for Information and Broadcasting, Ashwini Vaishnaw, will address the celebrations in New Delhi. This year’s theme, “Changing Nature of the Press”, focuses on the evolving dynamics of media in India.
The Press Council of India has played a significant role in maintaining press freedom and ethical standards. Established as an autonomous, statutory body on July 4, 1966, the PCI resolves issues related to press violations and advocates for media responsibility, especially during national crises. It has also conducted important studies on election coverage, defense reporting, and journalist safety, contributing to the development of media standards in India.
Pralhad Joshi Lauds Sudarsan Pattnaik’s Sand Art Honoring 200 GW Renewable Energy Milestone:
Union Minister for New and Renewable Energy, Pralhad Joshi, has praised the renowned sand artistSudarsan Pattnaik for his stunning artwork created at Puri Beach, Odisha, to commemorate India’s achievement of reaching 200 Gigawatts (GW) in Renewable Energy capacity.
This milestone highlights India’s significant progress in the renewable energy sector and is a key step toward achieving the nation’s ‘Panchamrit’ commitment set by Prime Minister Narendra Modi. The Panchamrit goal is part of India’s broader strategy to address climate change, reduce carbon emissions, and expand the use of clean energy sources.
Mr. Joshi shared the artwork on his official X (formerly Twitter) handle, emphasizing the importance of this remarkable achievement in the context of India’s efforts to combat climate change and transition to sustainable energy. The 200 GW milestone was achieved on October reflecting the country’s growing leadership in the global renewable energy movement. This celebration through art highlights the integration of culture and progress in India’s green energy transition.
About Odisha:
Capital: Bhubaneswar
Chief Minister: Naveen Patnaik
Governor : sri Ragubhar das
43rd IITF Begins at Bharat Mandapam with Theme ‘Viksit Bharat 2047’
The 43rd India International Trade Fair (IITF) is being held at Bharat Mandapam in New Delhi. The 14-day fair was inaugurated by Commerce and Industry Minister Piyush Goyal with the theme “Viksit Bharat 2047”, highlighting the vision for a developed India by 2047.
Focus State for this year’s fair is Jharkhand, with Bihar and Uttar Pradesh as partner states.
The event hosts over 3,500 exhibitors from India and abroad, and is expected to attract nearly 100,000 visitors daily, making it one of the largest trade fairs in South Asia.
The business days are currently ongoing, and the fair will be open to the public from November 19 to 27, 2024.
Free tickets are available for senior citizens and the differently-abled through DMRC metro stations, the Bharat Mandapam Mobile App, and the ITPO’s official website.
About India International Trade Fair:
Established: 1979
Headquarters: New Delhi, India
About India Trade Promotion Organisation
Established: 1992
Headquarters: New Delhi, India
Chairman & Managing Director (CMD) of ITPO: Shri Rajeev K. Chawla
President Murmu Extends Prosperity Wishes on Baliyatra & Boit Bandan; Highlights Odisha’s Maritime Heritage
President Droupadi Murmu extended her warm wishes and prayers for the happiness and prosperity of the people of India on the occasion of the historic Baliyatra festival and Boit Bandhan. In a social media post, President Murmu celebrated the cultural significance of these events, which are an integral part of Odisha’s rich traditions.
The Baliyatra festival, celebrated annually in Odisha, commemorates the historic maritime trade routes that connected India with Southeast Asia and beyond. Boit Bandhan is a significant tradition associated with this festival, where people pay homage to the sea and those who embark on voyages.
In her message, President Murmu emphasized the importance of Odisha’s contribution to India’s maritime heritage, noting that the state’s rich history of sea trade has played a pivotal role in shaping India’s cultural and economic ties with the world. She further reflected on how drawing inspiration from India’s glorious past can help in building a developed India.
PM Modi to Inaugurate 1st Bodoland Mahotsav, Celebrating Culture, Peace, and Harmony
Prime Minister Narendra Modi will inaugurate the 1st Bodoland Mahotsav in New Delhi on 15 th november. The two-day event will focus on celebrating the language, literature, and culture of the Bodo community, with the aim of fostering peace and building a vibrant Bodo society. The Mahotsav will also highlight the cultural and linguistic heritage, ecological biodiversity, and touristic potential of the Bodoland Territorial Region.
The theme of the event is ‘Peace and Harmony for Prosperous Bharat’, emphasizing the importance of unity and integration among the Bodo people living in Bodoland, Assam, West Bengal, Nepal, and other Northeast India border areas. The event also marks the progress made since the Bodo Peace Accord in 2020, which resolved decades of conflict and violence in the region.
Over 5,000 cultural, linguistic, and art enthusiasts from the Bodoland region and other states will attend the event, celebrating the resilience and recovery of the community post-accord.
India’s Exports Grow 7.28% in April-October 2024, Driven by Merchandise and Service Exports
India’s exports saw a strong growth of 7.28% during April-October 2024, reaching a total value of 468.27 billion dollars, compared to 436.48 billion dollars during the same period in 2023.
According to the Ministry of Commerce & Industry, merchandise exports contributed 252.28 billion dollars, marking a growth of 3.18% compared to last year’s (2023) 244.51 billion dollars.
On the other hand, service exports performed exceptionally well, with an estimated value of 215.98 billion dollars during this period, reflecting a significant increase of over 12% from 191.97 billion dollars in 2023. This growth highlights India’s strong export performance in both goods and services sectors.
Ministry of Commerce & Industry, merchandise exports: Piyush Goyal
President Murmu, VP Dhankhar, and PM Modi Extend Greetings on Guru Nanak’s Prakash Parv:
On the occasion of Sri Guru Nanak Jayanti, President Droupadi Murmu, Vice-President Jagdeep Dhankhar, and Prime Minister Narendra Modi extended their greetings to the nation.
President Murmu praised Guru Nanak Dev Ji for guiding people on the path of spirituality, emphasizing values like hard work, truth, contentment, kindness, and love. She highlighted his message of Sanjhi-Valta, a path to social harmony, and urged people to adopt his ideals for building a harmonious society.
Vice-President Dhankhar encouraged people to reaffirm their commitment to Guru Nanak Dev Ji’s teachings, urging a rededication to the principles of truth, harmony, and unity of all beings.
Prime Minister Modi expressed hope that the teachings of Guru Nanak Dev Ji would inspire compassion, kindness, and humility, motivating individuals to serve society and work towards a better planet.
International news
EAM Dr. S. Jaishankar Inaugurates Symbiosis International University’s First Overseas Campus in Dubai
External Affairs Minister Dr. S. Jaishankar inaugurated Symbiosis International University’s first overseas campus at Dubai Knowledge Park, marking a key milestone in Indo-UAE relations. The ceremony was attended by Sheikh Nahyan bin Mubarak Al Nahyan, UAE’s Minister of Tolerance and Coexistence.
Dr. Jaishankar celebrated the campus’s full accreditation by the UAE’s Commission for Academic Accreditation, highlighting its focus on management, technology, and media programs aimed at developing 21st-century skills. He emphasized the alignment with India’s National Education Policy 2020, which encourages international expansion of Indian institutions and boosts educational cooperation with the UAE.
This campus marks a significant step in strengthening educational ties between India and the UAE, benefiting over 300,000 Indian students in the region. The initiative is part of broader efforts to promote collaboration in AI, clean energy, and sustainable development.
Sheikh Nahyan highlighted the UAE’s commitment to fostering a knowledge-based economy and the importance of education in promoting understanding, peace, and progress. The new campus will serve Dubai’s diverse expatriate community, supporting Dubai’s Economic Agenda 33, which focuses on human capital and education sector development.
United Arab Emirates :
Capital: Abu Dhabi
Currency: UAE Dirham (AED)
President: Sheikh Mohamed bin Zayed Al Nahyan
GABV Member Banks Endorse Fossil Fuel Non-Proliferation Treaty at COP29 in Baku
At the COP29 climate summit in Baku, Azerbaijan, 25 member banks of the Global Alliance for Banking on Values (GABV) collectively endorsed the Fossil Fuel Non-Proliferation Treaty initiative. This marks the first such collective endorsement by financial institutions. The Fossil Fuel Non-Proliferation Treaty proposes a global binding plan to halt the expansion of coal, oil, and gas projects, aiming to manage the transition away from fossil fuels.
By endorsing the treaty, these GABV members are urging the financial sector to stop financing the expansion of fossil fuels, in alignment with the fight against climate change. The GABV, founded in 2009, is a network of 70 sustainable banks managing 117 billion dollars in assets and serving over 11.3 million people globally.
COP29, often called the “Finance COP”, serves as a critical moment for wealthier nations to fund efforts to combat climate devastation. The summit, attended by 200 countries and key stakeholders, will run until November 22nd.
Global Alliance for Banking on Values (GABV):
Headquarters: Amsterdam, Netherlands
Chairman: Peter Blom
Banking news
IDFC First Bank Launches Real-Time Tracking for International Money Transfers
IDFC First Bank, based in Mumbai, has partnered with SWIFT (Society for Worldwide Interbank Financial Telecommunication) based in La Hulpe, Belgium, to introduce a new feature that allows customers to track international money transfers in real-time. This makes IDFC First Bank the first Indian bank to offer live tracking for cross-border transactions, available via the bank’s mobile app and internet banking platforms.
Key features of the service:
Provides updates on the status of funds, including whether they are in transit or credited to the recipient’s bank.
Sends alerts for issues like incorrect recipient details, helping customers resolve problems quickly.
Integrated with SWIFT Global Payments Innovation (GPI) to meet customer demands for transparency.
Offered for free under the bank’s “Pay Abroad” feature, with no additional processing fees.
The service applies to transactions allowed under the Reserve Bank of India’s (RBI)Liberalised Remittance Scheme (LRS), including purposes such as supporting relatives, education, medical needs, and investment in overseas property or stocks.
About IDFC First Bank Limited:
IDFC First Bank Limited
Headquarters: Mumbai, Maharashtra, India
Founded: 2015
Managing Director & CEO: V. Vaidyanathan
Tagline: “Banking for All”
World Bank Approves USD 200 Million Loan for Kerala’s Agricultural Sector under KERA Project
The World Bank (WB) has approved a USD 200 million (Rs 1,655.85 crore) loan to support Kerala’s agricultural sector through the Kerala Climate Resilient Agri-Value Chain Modernization (KERA) Project. The loan is provided by the International Bank for Reconstruction and Development (IBRD) with a 23.5-year term and a 6-year grace period.
Key Points:
The KERA Project aims to promote climate-smart practices among farmers, enhance market access, and support women-led small businesses in agriculture.
The Kerala state government will contribute Rs 709.65 crore to the project, while the World Bank provides Rs 1,655.85 crore (USD 200 million).
Kerala, a major producer of spices like cardamom, vanilla, and nutmeg, accounts for around 20% of India’s agri-food exports.
The KERA project will benefit 400,000 farmers directly through initiatives focused on climate resilience, with an additional 1 million farmers expected to benefit indirectly. Key crops like coffee, cardamom, and rubber will be replanted with climate-resistant varieties, and farmers will receive training to manage climate challenges like floods and forest fires.
The World Bank Group :
Headquarters: Location: Washington, D.C., United States
Established: Year: 1944
Tagline: “Working for a World Free of Poverty”
President: Ajay Banga
SBI Seeks $1.25 Billion Loan, Largest Dollar-Denominated Loan from India in 2024
The State Bank of India (SBI) is seeking a $1.25 billion five-year loan, which would be the largest dollar-denominated loan from India’s financial sector in 2024. The loan, arranged by CTBC Bank, HSBC, and Taipei Fubon Bank, will be utilized for general corporate purposes.
This move is part of a broader trend where Indian financial institutions, especially non-banking finance companies (NBFCs), are increasingly borrowing in foreign currencies due to stricter domestic regulations. Despite this rising demand, the total volume of dollar-denominated loans in India has seen a 27% decline this year.
RBI Introduces Framework for Converting FPI Holdings to FDI
The Reserve Bank of India (RBI) has introduced a new framework allowing Foreign Portfolio Investors (FPIs) to convert their holdings exceeding the 10% equity threshold in Indian companies into Foreign Direct Investment (FDI).
Key features:
The framework simplifies the process for FPIs to align with FDI guidelines, provided they obtain necessary government and company approvals.
The new rules, effective from November 11, 2024, allow FPIs to reclassify their excess shares within five trading days.
The conversion ensures compliance with the Foreign Exchange Management Act (FEMA) and sectoral FDI caps.
Reserve Bank of India
Headquarters: Mumbai, Maharashtra, India
Established: Year: 1935
Tagline: “Aaykar Seva, Desh Ki Seva”
Governor: Shaktikanta Das
Awards and Recognition
SBI Named Best Bank in India for 2024 by Global Finance Magazine
State Bank of India (SBI) has been recognized as the Best Bank in India for 2024 by Global Finance Magazine at its 31st Annual Best Bank Awards. The award was presented during the IMF and World Bank Annual Meetings in Washington, USA.
CS Setty, Chairman of SBI, accepted the award in acknowledgment of the bank’s exceptional services and its role in promoting financial inclusion across India.
The Global Finance Best Bank Awards are a prestigious recognition, setting the standard for evaluating global financial institutions.
This honor reflects SBI’s leadership in the banking sector and its ongoing commitment to earning customer trust and advancing financial accessibility.
State Bank of India
Established: 1st July 1955
Headquarters: Mumbai, Maharashtra, India
Tagline: “The Banker to Every Indian”
Chairman: Dinesh Kumar Khara
Important days
World Pneumonia Day 2024: Raising Awareness on Preventing Pneumonia
World Pneumonia Day is observed annually on November 12 to raise awareness about pneumonia, a respiratory illness that primarily affects young children under the age of five and vulnerable elderly individuals.
Theme for 2024: “Every Breath Counts: Stop Pneumonia in Its Track.”
The first World Pneumonia Day was observed on November 12, 2009, initiated by the Global Coalition against Child Pneumonia, which includes UNICEF, WHO, and Save the Children.
The campaign focuses on raising awareness about pneumonia, which remains the leading cause of child mortality worldwide, despite being preventable and treatable.
Title: Saving doctors: On medical professionals, their safety
Violence, like poetry, is often the spontaneous overflow of powerful feelings; but, unlike poetry, it is always ugly and, in most cases, self-destructive. While violence against members of the medical community is not new, more recently, cases have been rising with an eerie regularity. The recent case from Tamil Nadu where a doctor was stabbed multiple times by a patient’s relative was dastardly and chilling. Balaji Jegannathan, an oncologist at the State-run Kalaignar Centenary Super Specialty Hospital (KCSSH), was stabbed by Vignesh, a young man whose mother was undergoing treatment for Hodgkin lymphoma, in the hospital. Contrary to initial media reports that the attack was perpetrated in a fit of rage, the fact that Vignesh brought a knife to a hospital makes it clear that it was premeditated. Notably, the patient, his mother, and her family had been counselled about the possible side effects of the chemotherapy that she was undergoing. She had also been admitted in a couple of private hospitals, but Vignesh had discharged her against medical advice, bringing her back to the KCSSH. He was furious about the treatment given to his mother, since her lungs had been affected as a result of the chemotherapy, and lashed out at the doctor, holding him responsible for his mother’s suffering. The life of Dr. Balaji, who was on blood thinners for a previous cardiac condition, was saved only because he was in a super specialty medical institution where top surgeons serve, and therefore with access to the best care.
Violence on health-care professionals is as abhorrent as is negligenceon their part. In a question of life and death, inflamed passions are possible, but it cannot be tolerated when frustration and fear of an impending decline in health or death lead to acts of violence against those who implement the treatment. It is important for doctors to display a good bedside manner, explaining to the patients and their family about the possible outcomes of treating a disease. In this case, notably, even this was communicated at all hospitals the patient had been in. While doctors struck work for a day in protest in the State, memories of the recent R.G. Kar rape and murder of a young doctor have compounded unrest among them. While human emotions under stress fall in the zone of the unpredictable, the presence of deterrence in health-care institutions — baggage scanners, CCTV monitoring, security checks, the obvious presence of security personnel — is the only way of ensuring that doctors remain safe.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
spontaneous
refers to something that happens naturally, without premeditation or planning. It describes actions, events, or behavior that occur on the spur of the moment, often driven by impulse or instinct rather than being carefully thought out or organized
Impulsive Unplanned Instinctive Unrehearse
Planned Deliberate Intentional Preconceived
Eerie
Its refers to something that causes a feeling of unease, fear, or discomfort, often because it seems strange, unnatural, or mysterious.
Creepy Spooky Unsettling Mysterious
Comforting Soothing Pleasant Normal
perpetrated
It means to commit or carry out a harmful, illegal, or immoral action. It is often used in the context of crimes or wrongdoings, referring to the act of doing something negative or wrong.
Committed Executed Carried out Accomplished
Prevented Stopped Avoided Averted
abhorrent
Its refers to something that is regarded with strong feelings of disgust, repulsion, or horror. It describes things that are considered morally offensive, vile, or completely unacceptable.
CCPA Issues Guidelines for Coaching Institutes to Prevent Misleading Advertisements
The Central Consumer Protection Authority (CCPA) has introduced new guidelines to ensure transparency and prevent misleading advertisements by coaching institutes. Issued by Consumer Affairs Secretary Nidhi Khare, these guidelines aim to protect parents and candidates from deceptive practices.
Key Points:
Disclosure of Information: Coaching institutes must disclose accurate details about their services, infrastructure, and facilities, and prominently display any disclaimers..
Misleading Claims Prohibited: Institutes must avoid making false claims regarding success rates, guarantees, or admissions. For instance, some UPSC institutes had claimed over 2,600 selections, when only about 1,000 candidates were actually selected.
Penalties for False Advertising: 45 UPSC coaching institutes have been issued notices, and penalties exceeding ₹56 lakh have been imposed for misleading claims. Repeated violations may result in higher penalties or suspension.
Consumer Grievance Redressal: Coaching institutes must establish an effective consumer grievance mechanism. ₹1 crore has been refunded by institutes following interventions by the National Consumer Helpline between September 2023 and August 2024.
About Central Consumer Protection Authority:
Established: 2020
Headquarters: New Delhi, India
Chairman : Nidhi Khare
India Successfully Concludes First-Ever Space Exercise “Antariksha Abhyas-2024”
India’s first-ever space exercise, Antariksha Abhyas-2024, organized by the Defence Space Agency (DSA), was successfully concluded in New Delhi. The three-day exercise, which began on the 11th november, aimed to enhance India’s strategic readiness in space warfare and strengthen tri-services integration for space security.
Key Points:
Space-based Operational Capabilities: The exercise was a significant step in enhancing India’s space capabilities, focusing on space situational awareness and emerging space technologies.
Tri-Services Integration: The exercise aimed at improving collaboration among the Indian Army, Navy, and Air Force for effective space security.
Scenario-Based Exercises: Participants, including experts from military, scientific, academic, and government sectors, engaged in scenario-based exercises to address potential space-related challenges.
Key Discussions: Topics included India’s space programmes, emerging space technologies, and strengthening space security frameworks.
About Defence Space Agency :
Established: 2019
Headquarters: New Delhi, India
Chairman : General Anil Chauhan
Jawaharlal Nehru Memorial Fund to Launch ‘Nehru Archive’ in 2025
The Jawaharlal Nehru Memorial Fund (JNMF) is set to launch a cutting-edge multimedia digital archive, the ‘Nehru Archive’, next year. This extensive archive will feature lesser-known and unpublished works by India’s first Prime Minister, Jawaharlal Nehru, as well as letters to Chief Ministers from 1947 to 1964 and his speeches from 1917 to 1964.
Key Points:
Launch Date: The archive will go online on November 14, 2025, coinciding with Nehru’s birth anniversary.
Dynamic and Open-ended: According to Prof. Madhavan K. Palat, the Secretary of JNMF, the archive will be constantly updated with new archival sources as they become available.
Purpose: The archive aims to make Nehru’s work more accessible to future generations and provide them with a deeper understanding of his role in shaping modern India and the world.
Support: Karan Singh, Vice-Chairperson of JNMF, expressed confidence that this project would help preserve Nehru’s legacy for years to come.
About Jawaharlal Nehru Memorial Fun
Establishment: 1964,
Chairman: Karan Singh.
Headquarters: New Delhi,
Flight Safety Seminar and Annual Naval Flight Safety Meeting Held at INS Dega
The Flight Safety Seminar (FSS) and the Annual Naval Flight Safety Meeting (NFSM) for 2024 were successfully conducted on 12-13 November at INS Dega, Visakhapatnam, under the Eastern Naval Command. The events focused on advancing safety protocols and addressing emerging challenges in Naval aviation.
Key Points:
Inaugural Address: The Flight Safety Seminar commenced on 12 November, with Vice Admiral Rajesh Pendharkar, Flag Officer Commanding-in-Chief of Eastern Naval Command, delivering the keynote address.
Seminar Theme: The theme of the seminar was “Emerging Threats and Challenges – Naval Air Operations and Compliance with Flight Safety”. Topics included Counter-UAV/UAS technologies, cybersecurity risks in aviation, and mental resilience training for air operations.
Holistic Approach: Discussions emphasized a holistic approach to managing operational risks, encouraging shared vigilance across services to protect aerial assets.
NFSM on 13 November: The Naval Flight Safety Meeting on 13 November brought together key stakeholders from the Indian Navy, Army, Air Force, and Indian Coast Guard. The meeting, chaired by Rear Admiral Janak Bevil, focused on operational risk management and bird/animal hazard mitigation in flying operations.
Panel Discussions and Presentations: Both events featured expert-led presentations and panel discussions, reinforcing the Indian Navy’s commitment to enhancing flight safety protocols and operational readiness in naval aviation.
Indian Navy :
Establishment: December 4, 1950
Chairman: Admiral R. Hari Kumar.
Headquarters: New Delhi
CWC Report Warns of Increased Risk of Glacial Lake Outburst Floods in the Himalayan Region
A new report by the Central Water Commission (CWC) highlights a concerning trend in the Himalayan region, showing a 10.81% increase in the area of glacial lakes and other water bodies from 2011 to 2024. This growth is linked to climate change, raising the risk of Glacial Lake Outburst Floods (GLOFs).
Key Points:
Increase in Glacial Lake Area: The total area of glacial lakes across the Himalayan region has increased from 5.33 lakh hectares (ha) in 2011 to 5.91 lakh ha in 2024, with India’s total inventory of glacial lakes growing by 33.7%.
High-Risk Lakes Identified: The report identifies 67 lakes in India that have expanded by over 40% in surface area, placing them in the high-risk category for potential GLOFs.
Regions at Risk: Significant expansion of glacial lakes has been observed in regions such as Ladakh, Himachal Pradesh, Uttarakhand, Sikkim, and Arunachal Pradesh, indicating the need for enhanced monitoring and disaster preparedness.
Climate Change Impacts: The report attributes the rapid expansion of these lakes to increased glacier melting caused by rising temperatures, which could have severe consequences for downstream communities, infrastructure, and biodiversity.
Water Availability Concerns: The report also warns that the expansion of glacial lakes could impact water availability in major river systems like the Ganga, Brahmaputra, and Indus.
About CWC:
Chairman: Kushvinder Vohra
Headquarters: New Delhi, Delhi
Establish : 1945
Government Approves First Reserve Women Battalion for CISF
The Government of India has approved the creation of a first-ever reserve women battalion in the Central Industrial Security Force (CISF), marking a significant step towards gender inclusion in the country’s security forces. This announcement was made by Union Minister Amit Shah on 12 November 2024.
Key Points:
Reserve Women Battalion: This will be the first reserve battalion of women in the CISF, adding to the 12 existing reserve battalions which are responsible for reinforcement duties, including safeguarding vital national installations, VIP security, and election-related deployments.
CISF’s Role: The CISF provides security to critical national establishments like central public sector enterprises, historical monuments, Parliament of India, and the Delhi Metro. It also offers security to major ports and private sector units on a fee basis.
VIP Protection: The force is responsible for the security of VIPs, categorized by the Union Ministry of Home Affairs as Z-plus, Z, X, and Y.
Fire Wing: CISF is the only Central Armed Police Force (CAPF) with a dedicated fire wing.
About CISF:
Established: 1969 under the Central Industrial Security Force Act, 1968.
Director General: R S Bhatti
International news
Inaugural U.S.-India Indian Ocean Dialogue to Be Held on November 14
India and the U.S. will hold the inaugural U.S.-India Indian Ocean Dialogue on November 14, 2024, to strengthen their cooperation and promote security and prosperity in the Indo-Pacific region. The dialogue will focus on enhancing collaboration over the Indian Ocean Region and exploring measures to ensure regional stability.
Key Points:
Event Participants: Kurt Campbell, U.S. Deputy Secretary of State, and Jon Finer, Principal Deputy National Security Advisor, will participate virtually in the event.
Change in Plans: The officials were initially scheduled to visit New Delhi on November 13-14 but had to change their travel plans due to “flight issues”.
Focus Areas: The dialogue will address key security and economic challenges in the Indo-Pacific, aiming to promote mutual interests in the region.
About United States of America (USA) :
Capital: Washington, D.C.
President: Donald J. Trump
Currency: United States Dollar (USD)
India Joins ARIN-AP Steering Committee to Strengthen Asset Recovery and Combat Economic Crimes
India has joined the Steering Committee of the Asset Recovery Interagency Network-Asia Pacific (ARIN-AP), a significant step towards combating economic crimes and enhancing asset recovery capabilities. Represented by the Enforcement Directorate (ED), India will now actively contribute to the global efforts against financial crimes.
Key Points:
Role of ED: The Enforcement Directorate (ED), India’s representative in ARIN-AP, is tasked with investigating money laundering and violations of foreign exchange laws.
Intelligence Sharing: The platform enables the ED to obtain and share intelligence informally, leading to formal actions through bilateral and multilateral agreements.
India’s Leadership in 2026: India will assume the Presidency of ARIN-AP and host its Annual General Meeting (AGM) in 2026, marking a key milestone in its role in the network.
Global Contribution: India’s membership allows it to actively contribute to ARIN-AP’s decision-making and administrative responsibilities, supporting global efforts to combat economic crimes.
Alignment with G-20 Goals: This move aligns with India’s G-20 objectives, particularly the Nine Point Agenda, which focuses on tackling fugitive economic offenders and asset recovery.
About Enforcement Directorate (ED):
Established: 1956
Director: Rahul Navin
Headquarters: New Delhi, India
India-Philippines Celebrate 75 Years of Diplomatic Relations
External Affairs Minister Dr. S. Jaishankar highlighted the growing and strong ties between India and the Philippines, marking the 75th anniversary of their diplomatic relations in a special event in New Delhi.
Key Points:
Roots in Shared Values: Dr. Jaishankar emphasized that the relationship between the two nations is grounded in democratic values, pluralistic ethos, and economic commonalities.
Commitment to International Law: Both countries are deeply committed to upholding international law, norms, and rules.
Growth in Bilateral Ties: In recent years, India-Philippines relations have seen significant growth, particularly in areas like defence and security.
Indo-Pacific Cooperation: The countries share converging interests in the Indo-Pacific region, supporting their defence and security collaboration.
India’s Act East Policy: The India-Philippines partnership has benefited from India’s Act East Policy, fostering deeper economic and strategic ties.
75th Anniversary Logo: A special logo was launched to mark the occasion, symbolizing the special relations between the two nations.
About Philippines:
Capital: Manila
Currency: Philippine Peso (PHP)
Chief Minister : Ferdinand Marcos Jr.
Awards and recognition
Samantha Harvey Wins 2024 Booker Prize for ‘Orbital’
British author Samantha Harvey has won the prestigious 2024 Booker Prize for her novel “Orbital”, making it the first book set in space to win the award. The novel, which follows a team of astronauts aboard the International Space Station, offers a unique perspective on the world from space.
Key Points:
Winning Novel: “Orbital” has been described as the biggest-selling book on the Booker shortlist in the United Kingdom and has outsold the past three Booker winners combined, even before its victory.
Historical Significance: Samantha Harvey is the first woman to win the Booker Prize since 2019.
Prize Money: She will receive £50,000 for her achievement.
Dedication: Harvey dedicated her win to “all the people who speak for the Earth and work for peace”.
Announcement: The winner was revealed at a ceremony held at London’s Old Billingsgate on the evening of the announcement.
Harvey’s “Orbital” represents a fresh, imaginative take on storytelling, marking a significant moment in Booker Prize history.
Brat” Named Collins Word of the Year 2024, Redefined by Charli XCX
Collins Dictionary has selected “brat” as the Word of the Year 2024, a term that has evolved from its original meaning of a misbehaving child to a symbol of confidence, independence, and hedonism, largely due to its redefinition by British singer Charli XCX.
Key Points:
Cultural Phenomenon: “Brat” has become more than just a word; it is now a cultural phenomenon impacting music, politics, and social identity.
Charli XCX’s Influence: The transformation began with Charli XCX’s hit album Brat, which became a global sensation and introduced the phrase “brat summer”. This lifestyle and style, embraced by fans, reflects a carefree, rebellious attitude.
Definition by Charli XCX: The singer describes the typical “brat” girl as someone who is messy, loves to party, and embraces imperfection while navigating life’s ups and downs.
Previous Words of the Year:
2023: “AI” (Artificial Intelligence)
2022: “Permacrisis”
2021: “NFT” (Non-Fungible Token)
Important days
World Diabetes Day 2024: Raising Awareness on Global Public Health Challenge
World Diabetes Day is being observed on 14 th November to raise awareness about diabetes, a major global public health issue affecting millions of people worldwide. The day emphasizes the need for comprehensive action in the prevention, early diagnosis, and effective management of diabetes, as well as ensuring equitable access to care.
Key Points:
Theme: The theme for this year’s observance is “Breaking Barriers, Bridging Gaps”, highlighting the importance of overcoming obstacles in diabetes care and promoting inclusive healthcare.
Focus: The theme calls for collective action to address disparities in healthcare and ensure that everyone diagnosed with diabetes has access to high-quality, affordable treatment.
Collaborative Approach: The initiative encourages collaboration among governments, health organizations, and communities to reduce diabetes risk factors and provide sustained support to individuals living with diabetes.
Diabetes in India: According to the Indian Council of Medical Research (ICMR) INDIAB study published in 2023, India has a diabetes prevalence of 10.1 crore people, underscoring the scale of the issue in the country.
Children’s Day 2024: Celebrating the Legacy of Pandit Nehru
Children’s Day 2024 is being celebrated in India on November 14 to mark the birth anniversary of Pandit Jawaharlal Nehru, the first Prime Minister of India, who had a deep affection for children and believed in their potential.
Key Points:
Focus on Children’s Rights and Well-being: The day is dedicated to celebrating the happiness, rights, and well-being of children, emphasizing their importance in building a better future.
Pandit Nehru’s Legacy: Known as Chacha Nehru, he was deeply committed to the welfare of children and is remembered for his efforts in promoting education and a safe, nurturing environment for children.
Importance of Love and Care: The day serves as a reminder of the need to provide children with love, care, education, and a healthy environment to help them grow into responsible and happy individuals.
Title: Manipur’s misery: On the need for the Centre to act
Ten armed militants were killed in an encounter with the Central Reserve Police Force (CRPF) and the police on Monday (November 11, 2024) in Manipur’s Jiribam district, as ethnic conflict continues to pulverise the State. Officials said the deaths took place in retaliatory firing after the militia attacked security personnel and internally displaced people sheltered in the vicinity. Women, children and the elderly have been facing the brunt of the violence that began in May 2023. More than 250 people have been killed and 60,000 displaced since the conflict between Meitei and Kuki-Zo communities began. Three women and three children, including an eight-month-old infant, were allegedlyabducted and two elderly persons were burnt to death on Monday (November 11, 2024) in Jiribam. The victims were among the 13 Meitei people who were already displaced from their homes in June. Two of the 10 weapons found at the encounter site had been looted from the police, an indication of the serious governance crisis in the State. The Kuki Students’ Organisation has called for ‘non-cooperation’ with the CRPF, claiming that the militia men were on a security patrol.
The Bharatiya Janata Party State government led by Chief Minister N. Biren Singh has been unable to quell the violence or reassure the Kuki communities that consider him to be partisan. That leaves the entire responsibility of managing the conflict on the shoulders of the Centre. In October, the Ministry of Home Affairs organised a meeting with political representatives of both the Kuki and Meitei communities but no meaningful progress towards peace could be achieved. Kuki outfits are demanding the creation of a Union Territory with legislature which will require a division of Manipur. Ethnic relations in India’s northeast are extremely complex, and violence, once it erupts, can continue for a long spell. Kuki representatives continue to express hope in intervention by the Centre to resolve the conflict and that is an opportunity which the Centre must vigorously utilise. Central police forces and the Indian Army are also largely trusted by the Kuki, notwithstanding the incident involving the CRPF this week. In a porous border region populated by numerous armed militia groups, policing alone cannot restore peace and order. A lasting end to the violence can be brought about only through a political arrangement of accommodation and the coexistence of communities. Only the Centre has the resources and the capacity to attempt that. The fresh surge in violence is a setback, but the Centre must step up its efforts to nudge the Meitei and the Kuki communities towards peace.
Meaning of the word:
Word
Meaning
Synonyms
Antonyms
pulverise
It refers to breaking something down into tiny, often dust-like particles. For example, “The machine can pulverise grains into flour.”
Crush Grind Smash Shatter
Assemble Build Construct Repair
allegedly
It is used to indicate that something is being asserted or reported, but has not been confirmed or verified. It often appears in legal contexts or media reporting, where the truth of the statement is still in question.
Supposedly Reportedly Presumably Apparently
Definitely Certainly Unquestionably Undoubtedly
abducted
To take someone away by force or threat, typically in a secret or unlawful manner. It often refers to kidnapping, where a person is forcibly taken against their will.
India’s Renewable Energy Sector Sees Robust Growth with 13.5% Increase in Capacity
India’s renewable energy sector has witnessed substantial growth from October 2023 toOctober 2024, marking a milestone in the country’s green energy transition. According to the Ministry of New and Renewable Energy (MNRE), India’s total renewable energy installed capacity increased by 13.5%, reaching 203.18 gigawatts (GW) in October 2024, compared to 178.98 GW in October 2023. This marks an addition of 24.2 GW in just one year, highlighting the country’s rapid strides in expanding its renewable energy infrastructure.
India’s Green Energy Ambitions: This growth aligns with India’s ambitious renewable energy goals, which include achieving 500 GW of non-fossil fuel energy capacity by 2030 and net-zero emissions by 2070.
Sector-wise Growth: The growth is driven largely by solar and wind energy capacities, with solar power contributing a major portion of the total renewable energy capacity.
About Ministry of New and Renewable Energy:
Established: 2006
Head: Raj Kumar Singh
Headquarters: New Delhi, India
FSSAI Sets New Guidelines for E-commerce Food Business Operators to Strengthen Food Safety Standards
The Food Safety and Standards Authority of India (FSSAI) has issued new guidelines for e-commerce food business operators (FBOs) to ensure better food safety and consumer protection. The new practices mandate a minimum shelf life of 30 percent or 45 days before the expiry date for food products at the time of delivery to consumers.
Meeting to Reinforce Compliance: A meeting was convened in New Delhi with over 200 participants, including e-commerce FBOs, to reinforce compliance with food safety standards and regulations.
Caution on Misleading Claims:
FSSAI cautioned FBOs about making unsupported claims about food products online. The aim is to ensure that consumers receive accurate and truthful product information.
License and Registration Requirement:
FSSAI CEO, G. Kamala Vardhana Rao, reiterated that no FBO can operate on any e-commerce platform without a valid FSSAI license or registration.
About FSSAI:
Full Form: Food Safety and Standards Authority of India
Established: 2006
Headquarters: New Delhi, India
CEO: G. Kamala Vardhana Rao
Prime Minister Modi to Inaugurate Major Development Projects in Darbhanga, Bihar
Prime Minister Narendra Modi will visit Darbhanga, Bihar, on 13th November to inaugurate and lay the foundation for multiple development projects worth over 12,000 crore rupees. These projects include significant advancements in health infrastructure, transportation, and energy sectors.
AIIMS Darbhanga: Foundation stone for a new AIIMS hospital worth 1260 crore rupees will be laid. The facility will feature a super-specialty hospital, medical and nursing colleges, an AYUSH block, and residential accommodations. This project is a long-awaited dream for the people of the Mithilanchal region and is expected to be completed in three years.
National Highway and Railway Projects: PM Modi will inaugurate and lay the foundation for National Highway projects and railway projects totaling over 6800 crore rupees. These initiatives aim to improve connectivity and boost regional development.
Pradhan Mantri Bhartiya Jan Aushadhi Kendras: Eighteen new centers will be inaugurated at various railway stations across India, ensuring affordable medicines and promoting the use of generic drugs.
Petroleum and Natural Gas Initiatives: Foundation stones will also be laid for energy projects worth 4,020 crore rupees, including a City Gas Distribution project that will benefit over 1.5 million residents in several districts, including Darbhanga, Madhubani, Supaul, Sitamarhi, and Sheohar.
About Bihar :
Chief Minister: Nitish Kumar
Governor: Rajendra Arlekar
Capital: Patna
International news
External Affairs Minister Dr. S. Jaishankar to Meet Saudi Foreign Minister in New Delhi
External Affairs Minister Dr. S. Jaishankar will meet the Minister of Foreign Affairs of Saudi Arabia, Prince Faisal bin Farhan Al Saud, in New Delhi on 13th November. Prince Faisal arrived in India for a two-day visit, underscoring the strong bilateral ties between India and Saudi Arabia.
Cordial and Friendly Relations: India and Saudi Arabia share deep-rooted economic, socio-cultural, and historical ties, with India being Saudi Arabia’s second-largest trade partner, while Saudi Arabia is India’s fourth-largest trading partner.
Bilateral Trade: The total trade between the two countries in Financial Year 2023 was valued at 52.76 billion dollars, showcasing the strong economic cooperation.
Indian Community in Saudi Arabia: Over 2.65 million Indians live in Saudi Arabia, acting as a key bridge between the two nations, contributing to cultural and economic exchanges.
Haj Pilgrimage: The annual Haj pilgrimage remains a significant aspect of the Indo-Saudi relationship, with thousands of Indian Muslims traveling to Saudi Arabia for the pilgrimage every year.
2024 on Track to be Warmest Year on Record, Warns WMO
The year 2024 is set to become the warmest year on record, following an extended period of exceptionally high global mean temperatures, according to a report by the World Meteorological Organization (WMO). This alarming trend highlights the increasing risks to the ambitions of the Paris Agreement, which aims to limit global warming to well below two degrees above pre-industrial levels, with efforts to cap the increase to 1.5 degrees.
Key points from the report include:
Global Temperature Surge: From January to September 2024, the global mean surface air temperature was 1.54°C above the pre-industrial average, driven in part by a warming El Niño event.
Warming Decade: The decade from 2015-2024 is on track to become the warmest on record, with significant impacts including accelerating ice loss, sea-level rise, and ocean heating.
Climate Extremes: WMO Secretary-General Celeste Saulo emphasized that every fraction of a degree of warming contributes to more frequent and severe climate extremes, increasing the risks and impacts of global warming.
About World Meteorological Organization:
Headquarters: Geneva, Switzerland
Established: March 23, 1950
WMO Secretary-General: Celeste Saulo
PM Modi to Embark on Three-Nation Visit to Nigeria, Brazil, and Guyana
Prime Minister Narendra Modi will embark on a three-nation visit to Nigeria, Brazil, and Guyana from November 16th to 21st, strengthening India’s global diplomatic ties and strategic partnerships.
Key objective :
Visit to Nigeria (16th-17th November): This will be the first visit by an Indian Prime Minister to Nigeria in 17 years. PM Modi will hold talks with President Bola Ahmed Tinubu to review and enhance the strategic partnership between the two countries, with a focus on economic, energy, and defense collaboration. India and Nigeria have strong ties, with over 200 Indian companies investing more than 27 billion dollars in Nigeria.
G20 Summit in Brazil (18th-19th November): PM Modi will attend the G20 Summit in Rio De Janeiro, representing India as part of the G20 Troika alongside Brazil and South Africa. He will advocate for India’s positions on key global issues and continue building on the outcomes from the G20 New Delhi Summit and the Voice of the Global South Summits.
State Visit to Guyana (19th-21st November): This will be the first visit by an Indian Prime Minister to Guyana since 1968. PM Modi will meet with President Mohamed Irfaan Ali, address the Guyana Parliament, and engage with the Indian diaspora. He will also participate in the Second CARICOM-India Summit in Georgetown, further strengthening ties with CARICOM member countries.
About Nigeria
Capital: Abuja
Currency: Nigerian Naira (NGN)
Brazil :
Capital: Brasília
Currency: Brazilian Real (BRL)
Guyana
Capital: Georgetown
Currency: Guyanese Dollar (GYD)
Banking news
RBI Updates Capital and Governance Requirements for Central Counterparties (CCPs)
The Reserve Bank of India (RBI) has announced new guidelines regarding the capital requirements and governance frameworks for entities seeking authorization or recognition as Central Counterparties (CCPs). According to the updated rules:
Minimum Net Worth Requirement: Any entity applying for CCP authorization or recognition must have a net worth of at least Rs 300 crore at the time of submitting its application.
Updated Regulations: These changes revise the RBI’s previous regulations established in June 2019, aiming to strengthen the framework for CCPs in India.
Applicability: The revised provisions apply to both domestic CCPs authorized by the RBI and foreign CCPs recognized under the Payment and Settlement Systems Act (PSS Act), 2007.
Central Counterparty (CCP): A CCP is a system provider that interposes itself between buyers and sellers in a financial market to facilitate the settlement of transactions. It assumes the role of the buyer to every seller and the seller to every buyer, ensuring the smooth execution and final settlement of trades.
About the Reserve Bank of India (RBI):
Governor: Shaktikanta Das (25th Governor of RBI)
Headquarters: Mumbai, Maharashtra
Established: April 1, 1935
IFC Invests USD 400 Million in Bajaj Finance to Boost Climate Finance Initiatives
The International Finance Corporation (IFC), a member of the World Bank Group, has announced an investment of USD 400 million in Bajaj Finance Limited (BFL), a prominent non-banking financial company (NBFC) based in Pune, Maharashtra. This investment is part of BFL’s USD 1 billion fundraising initiative aimed at expanding access to climate finance in India, specifically focusing on Electric Vehicles (EVs) and Energy-Efficient Consumer Goods (EECG).
Alignment with National Goals: The initiative will strengthen India’s commitment to achieving national climate objectives and help in improving access to sustainable finance for consumers and businesses across India.
International Finance Corporation
President : Makhtar Diop.
Headquarters: Washington, D.C., United States
Established: July 1956
RBI Approves Re-Appointment of Amitabh Chaudhry as MD & CEO of Axis Bank for 3 Years
The Reserve Bank of India (RBI) has approved the re-appointment of Amitabh Chaudhry as the Managing Director (MD) and Chief Executive Officer (CEO) of Axis Bank for a period of three years, effective from 1st January 2025 to 31st December 2027.
Amitabh Chaudhry has been leading Axis Bank, one of India’s largest private sector banks, and will continue in his role for another term, focusing on the bank’s growth and strategic direction.
Axis Bank
Headquarters: Mumbai, Maharashtra, India
Head: Amitabh Chaudhry
Tagline : “Badhti Ka Naam Zindagi”
RBI Cancels License of The Durga Co-operative Urban Bank Due to Inadequate Capital
The Reserve Bank of India (RBI) has canceled the license of The Durga Co-operative Urban Bank, based in Vijayawada, effective from the close of business on November 12, 2024, due to inadequate capital and earning prospects. As a result, the bank will cease its operations.
Key points:
License Cancellation: RBI has determined that The Durga Co-operative Urban Bank lacks the necessary capital and earning potential to continue operations.
Deposit Insurance: Depositors will receive insurance claims up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC).
Winding Up Process: The Commissioner for Cooperation and Registrar of Cooperative Societies, Andhra Pradesh, has been instructed to initiate the winding-up process of the bank and appoint a liquidator.
About Deposit Insurance and Credit Guarantee Corporation
Established: 1978
Headquarters: Mumbai, Maharashtra, India
The Chairman Shaktikanta Das
Sports news
ICC Names Amelia Kerr and Noman Ali as Players of the Month for October 2024
International Cricket Council (ICC) has announced the winners of the ICC Players of the Month for October 2024. The honors have been awarded to Amelia Kerr, the all-rounder from New Zealand, and Noman Ali, the spinner from Pakistan, for their outstanding performances in international cricket.
Key points:
Amelia Kerr (New Zealand): The versatile all-rounder played a crucial role in New Zealand’s successes last month, demonstrating exceptional skill with both bat and ball.
Noman Ali (Pakistan): The spinner’s brilliant form earned him a spot in the top ten of the ICC Men’s Test Bowling Rankings for the first time. Noman’s partnership with Sajid Khan formed a formidable bowling duo, anchoring Pakistan’s bowling attack.
About International Cricket Council
Established: 1909
Headquarters: Dubai, United Arab Emirates (UAE)
Chairman: Greg Barclay
Indian Para Badminton Players Shine at BWF Japan Para Badminton International 2024
Indian para badminton players achieved remarkable success at the Badminton World Federation (BWF) Japan Para Badminton International 2024, held in Tokyo, Japan from October 22nd to 27th, 2024, bringing home a total of 24 medals (6 gold, 9 silver, and 9 bronze).
Key points:
Sivarajan secured two gold medals: one in the men’s singles SH6 class and another in men’s doubles with partner Sudarsan Saravanakumar Muthusamy.
Sukant won a gold medal in men’s singles (SL4) and a silver medal in men’s doubles (SL3-SL4) with his partner Dinesh Rajaiah.
Naveen Sivakumar and Surya Kant Yadav earned bronze medals in their respective events, contributing to India’s impressive medal haul.
Vice President Jagdeep Dhankhar to Inaugurate 66th Akhil Bhartiya Kalidas Samaroh in Ujjain
The 66thAkhil Bhartiya Kalidas Samaroh (All India Kalidas Festival) will be inaugurated 12 th november by Vice President Jagdeep Dhankhar in Ujjain, Madhya Pradesh. This cultural event, which celebrates the legacy of the legendary Sanskrit poet Mahakavi Kalidas, will run until 18th November.
The inauguration ceremony will be attended by Governor Mangubhai Patel and Chief Minister Dr. Mohan Yadav, alongside other dignitaries. The festival aims to honor artists and individuals who contribute to the preservation of literary and artistic heritage. As part of the event, there will be discussions and cultural programs focusing on the works of Kalidas and his influence on classical literature.
Additionally, the Kalidas Alankaran Samman (Kalidas Decoration Award) will be presented for the year 2022-2023 to distinguished individuals who have made significant contributions to literature, culture, and the arts.
Madya Pradesh:
Capital: Bhopal
Governor: Mangubhai Patel
Chief Minister: Dr. Mohan Yadav
Education Minister Dharmendra Pradhan to Inaugurate Two-Day National Workshop on Higher and Technical Education
Education Minister Dharmendra Pradhan will inaugurate a two-day national workshop today focusing on Higher and Technical Education. The event will bring together Secretaries of States and Union Territories to discuss and strategize the implementation of the National Education Policy (NEP) 2020.
The primary aim of the workshop is to share approaches and methodologies for the effective execution of NEP 2020 and to ensure that the roadmap and implementation strategies are clearly articulated. A key objective is to provide a platform for knowledge exchange among stakeholders and to create a unified approach for smooth and successful implementation of the NEP across the country.
The workshop will promote the adoption of NEP in state institutions and focus on building a more inclusive, robust, and globally competitive education system. It will emphasize the importance of technology in education, digital governance, and capacity building for leaders in the education sector.
Union Minister of Education : Dharmendra Pradhan
NEP : National Education Policy.
Establishment:2020
Headquarters: New Delhi,
Prime Minister Modi Greets Citizens on Igas Festival, Emphasizes Development and Heritage
Prime Minister Shri Narendra Modi extended his greetings to all citizens on the occasion of the Igas festival. In his message, the Prime Minister emphasized India’s commitment to progressing in development while simultaneously preserving its rich heritage. He highlighted that the nation would continue to focus on both modern growth and the cultural legacy that shapes India’s identity.
Particularly addressing the people of Uttarakhand, the Prime Minister expressed his confidence that the Igas festival, a traditional celebration of the state of Uttarakhand—also known as the “Devbhoomi” or Land of Gods—would continue to flourish and gain significance. The festival celebrates the cultural traditions and spiritual heritage of Uttarakhand, and PM Modi expressed hope that the event will contribute further to the preservation of local traditions while fostering national unity.
About Uttarakhand:
Chief Minister: Pushkar Singh Dhami
Capital: Dehradun
Lieutenant Governor: Lt. Gen. (Retd.) Gurmit Singh.
8th International Ancient Arts Festival and Symposium Held in New Delhi
The 8th International Ancient Arts Festival and Symposium took place in New Delhi at the Indira Gandhi National Center for Arts (IGNCA) from November 8 to 10, 2024. This unique event is India’s only multi-arts celebration focused on ancient Indian art forms. It aims to educate and entertain the public through artistic performances and lectures by esteemed scholars on the healing potential of ancient arts.
Organized by the IGNCA in collaboration with the Rays of Wisdom Society, the event received support from the Union Ministry of Culture. The IGNCA, established in 1985, is a key government institution for preserving India’s cultural heritage, while the Rays of Wisdom Society is dedicated to preserving and promoting classical Indian dance forms.
Indira Gandhi National Centre for the Arts (IGNCA):
established : 1985
Chairperson : Dr. Sachchidanand Joshi
headquarters : New Delhi, India.
International news
16th CBD COP Held in Cali, Colombia: Focus on “Peace with Nature” and Global Biodiversity
The 16th Conference of the Parties to the Convention on Biological Diversity (CBD COP 16) took place from 21st October to 1st November 2024 in Cali, Colombia. The conference’s theme, “Peace with Nature”, emphasized the need for global cooperation to protect biodiversity and ecosystems.
The main goal was to assess the progress on the 2022 Kunming-Montreal Global Biodiversity Framework (KM-GBF), which set ambitious targets to protect 30% of global land and sea areas and restore 30% of degraded ecosystems by 2030.
India played a significant role at the conference. Union Minister of State for Environment, Forests, and Climate Change, Kirti Vardhan Singh, delivered a national statement on conservation of biological resources. A notable step in global wildlife conservation announced by India was the establishment of the International Big Cat Alliance (IBCA), aiming to protect the world’s seven major big cat species and promote ecosystem preservation.
The conference also saw the launch of the Global Ecosystems Atlas, the first of its kind, on 22nd October 2024, and the release of the Protected Planet Report 2024, which provided an evaluation of global progress on biodiversity protection. Additionally, the summit agreed to form a subsidiary body that would include Indigenous peoples in future decisions on nature conservation.
Union Minister of State for Environment, Forests, and Climate Change: Kirti Vardhan Singh
International Big Cat Alliance (IBCA)
established : 2023
head : Minister of Environment, Forest and Climate Change, India– Bhupender Yadav
headquarters : New Delhi, India.
CDS General Anil Chauhan’s Visit to Algeria Strengthens Bilateral Defence Ties
Chief of Defence Staff (CDS) General Anil Chauhan visited the People’s Democratic Republic of Algeria from 31st October to 3rd November 2024. His visit follows the October 2024 visit of President Droupadi Murmu to Algeria. During his visit, General Chauhan participated in several key events aimed at enhancing bilateral ties.
On 1st November 2024, General Chauhan attended the military parade as Guest of Honour to commemorate the 70th anniversary of Algeria’s Glorious Revolution of 1 November 1954. The revolution marked a significant chapter in Algeria’s struggle for independence.
On 3rd November 2024, General Chauhan and General Saïd Chanegriha, the Chief of Staff of the People’s National Army (PNA) of Algeria, signed a Memorandum of Understanding (MoU) on bilateral defence cooperation, further strengthening military ties between India and Algeria.
People’s Democratic Republic of Algeria
President: Abdelmadjid Tebboune
Capital: Algiers
Currency: Algerian Dinar
IIT-Delhi Tops Indian Institutions in QS World University Rankings: Asia 2025
The Indian Institute of Technology (IIT) Delhi has emerged as the top-ranked Indian institution in the QS World University Rankings: Asia 2025. IIT-Delhi has secured the 44th position in the Asia-wide rankings. The rankings, released for the year 2025, list 984 educational institutions from 25 countries across South Asia, Central Asia, East Asia, and Southeast Asia.
Peking University from China retains the top spot among Asian universities, further solidifying its position as a leader in higher education in the region.
The QS World University Rankings: Asia evaluates institutions based on a variety of factors, including academic reputation, employer reputation, faculty quality, and international research collaborations, reflecting the preference and performance of institutions and students.
Banking and Finance
India’s Foreign Exchange Reserves at USD 688.27 Billion as of 18th October 2024
India’s foreign exchange reserves (FER) as of 18th October 2024 stood at USD 688.27 billion. These reserves are composed of various components: USD 598.24 billion in Foreign Currency Assets (FCA), USD 67.44 billion in Gold, USD 18.27 billion in Special Drawing Rights (SDRs), and USD 4.32 billion in Reserve Tranche Position (RTP).
As per the Reserve Bank of India (RBI)’s latest Half-Yearly report, India’s FER increased from USD 646.42 billion as of 31st March 2024 to USD 705.78 billion as of 30th September 2024, reflecting a steady rise in reserves. On a balance of payments (BoP) basis, excluding valuation effects, India’s FER increased by USD 5.2 billion in the April-June 2024 period, a smaller increase compared to USD 24.4 billion during the same period last year.
Reserve Bank of India (RBI)
Governor: Shaktikanta Das (25th Governor of RBI)
Headquarters: Mumbai, Maharashtra
Established: 1st April 1935
FM Nirmala Sitharaman Advocates for Increased AIIB Investments in Climate and Infrastructure
Indian Finance Minister Nirmala Sitharaman called on the Asian Infrastructure Investment Bank (AIIB) to expand its investments in critical sectors like climate action and infrastructure, especially in India. In her address, she emphasized India’s strong economic growth and its potential to pilot innovative financing models that could be leveraged by AIIB for sustainable development projects. Sitharaman also advocated for reforms in multilateral development banks to better address emerging global challenges, such as climate change and infrastructure deficits, underscoring India’s role as a key player in driving global financial solutions.
Asian Infrastructure Investment Bank (AIIB)
Headquarters: Beijing, China
Established: 2016
Members: Over 100 countries
Appointment news
Government Extends Tenure of Foreign Secretary Vikram Misri till 14th July 2026
The Government of India has decided to extend the tenure of Foreign Secretary Vikram Misri until 14th July 2026. This decision was approved by the Appointments Committee of the Cabinet, which is responsible for high-level appointments in the government.
Vikram Misri assumed the position of Foreign Secretary on 15th July 2023. He is a seasoned career diplomat from the 1989 batch of the Indian Foreign Service (IFS). Over the years, Ambassador Misri has held several significant roles within the Ministry of External Affairs, including postings in the Prime Minister’s Office. He has also served in key diplomatic assignments in Indian Missions abroad, covering regions such as Europe, Africa, Asia, and North America.
Li Quanhai Re-elected as President of World Sailing for a Four-Year Term
Li Quanhai has been re-elected as the President of World Sailing for a four-year term during the World Sailing General Assembly held in Singapore on November 9, 2024. Li secured 55 votes, defeating his competitors Rodion Luka from Ukraine (2 votes) and Philippe Rogge from Belgium (29 votes). As the only Chinese president of an Olympic International Federation, Li’s re-election is a significant milestone. He has been instrumental in driving the growth and stability of the sport, focusing on innovation, youth engagement, and environmental sustainability. His continued leadership is expected to shape the future direction of sailing globally.
About World Sailing
President : Li Quanhai.
headquarters : London, United Kingdom.
established : 1907
Important days
Public Service Broadcasting Day: Honoring Gandhi’s Historic Radio Address
Public Service Broadcasting Day is observed every year on 12th November to commemorate Mahatma Gandhi’s visit to Akashvani Delhi in 1947. On 12 th November , Gandhiji delivered his first and only live radio broadcast to address the displaced people who had temporarily settled in Kurukshetra, Haryana after the partition of India.
In his message, Gandhi referred to the radio as a powerful medium of communication, describing it as the “Shakti” (miraculous power) of God. The broadcast, which took place on 1947, was a heartfelt appeal to the suffering masses.
About Akashvani (All India Radio) : India’s national public radio broadcaster.
