Daily Current Affairs November 25

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs November 25. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly current affairs pdf.

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November 25 | Daily Current Affairs 2024

Banking and Finance – Daily Current Affairs November 25

1. What is the primary feature of Paytm’s newly launched auto top-up for UPI LITE transactions?
A) Supports large transactions over ₹10,000
B) Enables PIN-less transactions under ₹500 with automatic balance recharge
C) Requires manual balance top-up for recurring transactions
D) Exclusive to international transactions only
E) Provides unlimited daily transaction limits
Answer: B) Enables PIN-less transactions under ₹500 with automatic balance recharge

Event and Location:

• Event: Launch of Paytm’s auto top-up feature for UPI LITE transactions.
• Location: India-wide implementation with selected users from Yes Bank and Axis Bank.
• Date: November 25, 2024.

Mandates and Objectives:

• Objective of the Feature:
  • Facilitate seamless small-value transactions without PIN entry for payments under ₹500.
  • Ensure uninterrupted payments by automatically recharging UPI LITE balance when it dips below a set limit.
• Transaction Features:
  • Supports daily transactions up to ₹2,000.
  • Designed for recurring payments like groceries, transportation, and small purchases.

Key Announcements and Highlights:

1. Auto Top-Up Functionality:
   • Automatically adds funds to the UPI LITE wallet from a linked bank account.
   • Currently available for users of Yes Bank and Axis Bank.
2. Enhanced Tracking Features:
   • Users can download UPI transaction statements for better tracking of payments.
   • Prevents cluttered bank statements by recording small transactions in an on-device wallet.
3. International Expansion:
   • Paytm’s UPI services are now supported in countries like the UAE, Singapore, France, Bhutan, and Nepal, among others.
4. Platform Partnerships:
   • Operates in collaboration with leading Indian banks, including SBI, HDFC Bank, Axis Bank, and Yes Bank.

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2. What is the primary objective of Muthoot Microfin’s co-lending partnership with SBI?
A) Offer high-value corporate loans to urban businesses
B) Provide affordable credit to rural entrepreneurs and women in Joint Liability Groups (JLGs)
C) Establish exclusive banking services for large agricultural companies
D) Launch digital-only banking solutions for semi-urban areas
E) Focus exclusively on housing loans for urban residents
Answer: B) Provide affordable credit to rural entrepreneurs and women in Joint Liability Groups (JLGs)

Event and Location:

• Event: Launch of co-lending loan disbursals under the partnership between Muthoot Microfin and the State Bank of India (SBI).
• Location: Pan-India rollout, focusing on rural and semi-urban areas.
• Date: November 25, 2024.

Mandates and Objectives:

• Objective of the Partnership:
  • Provide affordable credit to rural entrepreneurs and women in Joint Liability Groups (JLGs).
  • Support income-generating ventures such as agriculture, allied activities, and micro-enterprises.
  • Promote financial inclusion and empower underserved communities.

Key Announcements and Highlights:

1. Loan Details:
   • SBI sanctioned a ₹500 crore limit, disbursed in tranches of ₹100 crore.
   • Loans range from ₹50,000 to ₹3 lakh, targeting eligible customers in JLGs.
2. Impact and Reach:
   • Focus on rural and semi-urban areas across 20 states, with plans for pan-India expansion.
   • Enables women entrepreneurs to grow businesses, improve livelihoods, and foster self-reliance.
3. Financial Inclusion:
   • Collaboration results in lower interest rates, making loans more accessible and affordable.
   • Aims to address the growing demand for financial solutions in underserved regions.
4. Future Plans:
   • Muthoot Microfin to expand the initiative to new regions and sectors.
   • Tailored products to meet diverse micro-entrepreneurial needs.

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3. What concern did RBI Deputy Governor Swaminathan J raise about MSMEs?
A) Delays in loan disbursement for MSMEs
B) Diversion of borrowed bank funds for unintended purposes
C) Lack of government support for MSMEs
D) High interest rates affecting MSME growth
E) Absence of credit facilities for new MSMEs
Answer: B) Diversion of borrowed bank funds for unintended purposes

Event and Location:

• Event: RBI Deputy Governor Swaminathan J raised concerns about MSME borrowing practices.
• Location: Mumbai.
• Date: November 25, 2024.

Mandates and Objectives:

• Primary Concern:
  • Some MSMEs are allegedly diverting funds borrowed from banks for purposes other than the intended business use.
  • Emphasis on the importance of responsible fund usage to maintain financial discipline and ensure the effective use of resources.

Key Announcements and Highlights:

• Role of MSMEs:
  • MSMEs are a critical part of India’s economic framework, contributing significantly to GDP and employment.
  • Mismanagement or diversion of funds can lead to financial instability and harm the sector’s credibility.
• RBI’s Stance:
  • The Reserve Bank of India monitors MSME financing to ensure proper fund utilization.
  • Encourages banks and financial institutions to adopt due diligence mechanisms to track fund usage.

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Business and Economy – Daily Current Affairs November 25

4. What is the primary purpose of the CA GPT platform launched by ICAI?
A) Provide CA students with online exam preparation materials
B) Facilitate easy access to financial reports of 5,000 listed companies
C) Develop new accounting standards for fiscal year 2023-24
D) Offer job opportunities for chartered accountants in listed companies
E) Train CAs in international tax regulations
Answer: B) Facilitate easy access to financial reports of 5,000 listed companies

Event and Location:

• Event: Launch of CA GPT-Industry Forum by the Institute of Chartered Accountants of India (ICAI).
• Location: New Delhi.
• Date: November 25, 2024.

Mandates and Objectives:

• Objective of CA GPT:
  • Provide chartered accountants with seamless access to the financial data of 5,000 listed companies for the fiscal year 2023-24.
  • Enhance the ease of reviewing, analyzing, and auditing financial statements.
• Key Features:
  • Compilation of annual reports in one centralized platform.
  • Focus on offering insights to chartered accountants (CAs) for professional applications.

Key Announcements and Highlights:

• Enhanced Accessibility:
  • Aims to save time for CAs by offering a streamlined method to access critical financial data.
  • Supports better decision-making and financial analysis for audits, reviews, and reporting.
• Professional Utility:
  • Beneficial for practicing CAs, financial analysts, and auditors.
  • Encourages informed decision-making by providing comprehensive data in one forum.

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International Affairs – Daily Current Affairs November 25

5. What is the key highlight of Prime Minister Shri Narendra Modi’s inauguration of the ICA Global Cooperative Conference 2024?
A) Launch of a new agricultural scheme exclusively for women farmers
B) Introduction of the world’s largest cooperative grain storage scheme
C) Launch of the UN International Year of Cooperatives 2025 and strengthening of cooperative ecosystems
D) Expansion of rural banking exclusively through private financial institutions
E) Implementation of a global cooperative export policy
Answer: C) Launch of the UN International Year of Cooperatives 2025 and strengthening of cooperative ecosystems

Event and Location:

• Event: Inauguration of the ICA Global Cooperative Conference 2024 by Prime Minister Shri Narendra Modi.
• Location: Bharat Mandapam, New Delhi.
• Date: November 25, 2024.

Mandates and Objectives:

• Primary Objective:
  • Strengthen India’s role in the global cooperative movement and highlight the potential of cooperatives in promoting sustainability, inclusivity, and economic empowerment.
  • Launch of UN International Year of Cooperatives 2025 with the theme, “Cooperatives Build a Better World.”
• Vision:
  • Promote prosperity through cooperation (“Sahkar Se Samriddhi”).
  • Leverage cooperatives for achieving UN Sustainable Development Goals (SDGs), such as poverty alleviation, gender equality, and sustainable growth.

Key Announcements and Highlights:

1. Cooperative Movement in India:
   • Cooperatives in India cover 98% of rural areas and involve 30 crore people.
   • India has 8 lakh cooperative societies and 2 lakh housing cooperative societies.
   • Over ₹12 lakh crore is deposited in cooperative banks.
   • The Government introduced reforms to enhance transparency, competitiveness, and trust in cooperative banking by aligning them with RBI regulations.
2. Infrastructure Development:
   • Expansion of multipurpose cooperative societies in 2 lakh villages.
   • Implementation of the world’s largest cooperative grain storage scheme for small farmers.
   • Integration of cooperatives with digital platforms such as ONDC (Open Network for Digital Commerce) and GeM (Government e-Marketplace).
3. Women in Cooperatives:
   • Women constitute 60% of cooperative participation in India.
   • Introduction of mandatory women directors in multi-state cooperative societies.
   • Support to Self-Help Groups (SHGs) through ₹9 lakh crore in loans, empowering 10 crore women in villages.
4. Commemorative Postal Stamp:
   • Launched to symbolize India’s commitment to cooperatives.
   • Design incorporates cooperative sectors like agriculture, dairy, fisheries, and technology.
5. Global Initiatives:
   • India envisions cooperatives as a tool for global cooperation, especially for countries in the Global South.
   • Advocacy for Collaborative Financial Models to fund small and weak cooperatives internationally.
   • Emphasis on making cooperatives climate-resilient and fostering startup ecosystems within the cooperative sector.

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National Affairs – Daily Current Affairs November 25

6. What is the primary goal of the ‘Nayi Chetna – Pahal Badlaav Ki’ campaign launched by Shri Shivraj Singh Chouhan?
A) Promoting rural employment opportunities
B) Raising awareness and action against gender-based violence
C) Enhancing agricultural practices
D) Empowering small-scale industries
E) Launching health schemes for women
Answer: B) Raising awareness and action against gender-based violence

Event and Location:

• Event: Launch of the third edition of ‘Nayi Chetna – Pahal Badlaav Ki’.
• Location: New Delhi.
• Date: November 25, 2024.

Mandates and Objectives:

• Objective:
  • Create awareness and inspire collective action against gender-based violence.
  • Provide support systems and empower institutions to respond effectively.
  • Advocate a whole-of-government and whole-of-society approach.
• Slogan: “Ek Saath, Ek Awaaz, Hinsa Ke Khilaaf.”
• Duration: The campaign runs until December 23, 2024.

Key Announcements and Highlights:

• 227 Gender Resource Centers inaugurated in 13 states to tackle gender issues.
• Collaborative Effort: A joint initiative involving 9 ministries, including Women and Child Development, Panchayati Raj, and Health.
• Women’s Empowerment Focus:
  • Address social, political, and educational empowerment.
  • Review implementation strategies in urban and rural settings for greater impact.
• Emphasis on Public Awareness:
  • Highlight the need for stricter punishments for crimes like rape.
  • Use self-help groups (SHGs) as a grassroots force for women’s empowerment.

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7. What is the primary objective of the TeacherApp launched by Shri Dharmendra Pradhan?
A) Promote rural education through offline teaching methods
B) Empower teachers with future-ready skills for 21st-century classrooms
C) Provide financial aid to teachers in need
D) Encourage students to pursue higher education abroad
E) Focus on vocational training for students
Answer: B) Empower teachers with future-ready skills for 21st-century classrooms

Event and Location:

• Event: Launch of The TeacherApp by Shri Dharmendra Pradhan.
• Location: New Delhi.
• Date: November 25, 2024.

Mandates and Objectives:

• Objective of The TeacherApp:
  • Empower teachers with continuous capacity building.
  • Equip educators with future-ready skills aligned with the demands of 21st-century classrooms.
  • Support teachers’ professional growth in alignment with NEP 2020.
• Key Features:
  • 260+ hours of curated content, including videos, podcasts, and webinars.
  • 900-hour Teaching Kits with tools like worksheets, lesson plans, and question banks.
  • Live expert sessions and community-building features to foster collaboration among teachers.

Key Announcements and Highlights:

• Developed by Bharti Airtel Foundation, ensuring nationwide accessibility via Web, iOS, and Android.
• Includes innovative digital resources designed with inputs from educators to address challenges.
• Partnerships across 12 states to enhance education systems.
• App aims to transform schools into safe and happy learning spaces.
• Additional resources for school leaders and administrators for better management.
• Shri Rakesh Bharti Mittal emphasized the app’s role in fostering creativity, critical thinking, and innovation.

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8. Which of the following recent Cabinet-approved projects aims to enhance infrastructure, energy capacity, and digital services in India?
A) PAN 2.0 Project, Heo Hydro Electric Project, and Tato-I Hydro Electric Project
B) PAN 2.0 Project, Digital Literacy Initiative, and Jalgaon-Manmad Railway Line Project
C) Heo Hydro Electric Project, Tato-I Hydro Electric Project, and PM-KUSUM Scheme
D) Digital India Initiative, Jalgaon-Manmad Railway Line Project, and Aatmanirbhar Bharat Scheme
E) Khandwa Railway Project, Heo Hydro Electric Project, and Rural Electrification Scheme
Answer: A) PAN 2.0 Project, Heo Hydro Electric Project, and Tato-I Hydro Electric Project

Event and Location:

• Event: Cabinet approvals for three major projects.
• Location: India-wide implementations covering digital infrastructure, energy projects in Arunachal Pradesh, and multi-tracking railway projects across three states.
• Date: November 25, 2024.

Mandates and Objectives:

1. PAN 2.0 Project:
   • Objective:
     • Transform taxpayer registration services using a technology-driven approach.
     • Enhance digital experience for taxpayers by consolidating PAN/TAN services.
   • Key Features:
     • Improves ease of access, service delivery, and data consistency.
     • Eco-friendly and cost-optimized processes aligned with Digital India.
     • Establishes PAN as a Common Identifier for digital systems in government agencies.
   • Outlay: Rs.1435 crore.
2. Heo Hydro Electric Project (240 MW):
   • Objective: Improve the power supply and balance the national grid in Arunachal Pradesh.
   • Key Features:
     • Produces 1000 MU of energy.
     • Includes Rs.127.28 crore for infrastructure like roads and bridges and Rs.130.43 crore for equity support.
     • Benefits include 12% free power to the state and 1% for Local Area Development Fund (LADF).
   • Outlay: Rs.1939 crore.
   • Completion Period: 50 months.
3. Tato-I Hydro Electric Project (186 MW):
   • Objective: Strengthen power generation and socio-economic development in Arunachal Pradesh.
   • Key Features:
     • Produces 802 MU of energy with Rs.15 crore dedicated to essential infrastructure (hospitals, schools, vocational institutes).
     • Offers similar benefits as Heo HEP, including employment during construction and operation phases.
   • Outlay: Rs.1750 crore.
   • Completion Period: 50 months.
4. Multi-tracking Railway Projects:
   • Objective: Enhance railway connectivity, improve logistics efficiency, and reduce CO2 emissions.
   • Key Projects:
     • Jalgaon – Manmad 4th Line (160 km).
     • Bhusawal – Khandwa 3rd & 4th Line (131 km).
     • Prayagraj – Manikpur 3rd Line (84 km).
   • Key Benefits:
     • Provides connectivity for 7 districts across Maharashtra, Madhya Pradesh, and Uttar Pradesh.
     • Serves approximately 1319 villages and 38 lakh people, including Aspirational Districts Khandwa and Chitrakoot.
     • Generates freight traffic of 51 MTPA and reduces CO2 emissions equivalent to planting 11 crore trees.
   • Outlay: Rs.7927 crore.
   • Completion Period: 4 years.

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9. What is the primary goal of the National Mission on Natural Farming (NMNF) launched by the Union Cabinet?
A) Promote chemical-intensive farming for higher yields
B) Establish a new fertilizer distribution network
C) Support natural farming practices for sustainability and climate resilience
D) Focus on monoculture farming methods
E) Expand genetically modified crop adoption
Answer: C) Support natural farming practices for sustainability and climate resilience

Event and Location:

• Event: Launch of the National Mission on Natural Farming (NMNF).
• Location: India-wide implementation under the Ministry of Agriculture & Farmers’ Welfare.
• Date: November 25, 2024.

Mandates and Objectives:

• Objective of NMNF:
  • Promote natural farming (NF) as chemical-free and sustainable agriculture.
  • Reduce farmers’ dependency on external inputs and rejuvenate soil health and biodiversity.
  • Provide safe, nutritious, and healthy food for farmers and consumers.
• Key Features:
  • Implement NMNF in 15,000 clusters across Gram Panchayats, targeting 7.5 lakh hectares and 1 crore farmers.
  • Establish 10,000 Bio-input Resource Centres (BRCs) for ready-to-use NF inputs.
  • Develop 2,000 NF Model Demonstration Farms at Krishi Vigyan Kendras (KVKs) and Agricultural Universities.
  • Train 18.75 lakh farmers in NF practices like Jeevamrit and Beejamrit using livestock.
  • Deploy 30,000 Krishi Sakhis/CRPs for awareness and mobilisation.
  • Create a simple certification system and common branding for NF produce to enhance market access.

Key Announcements and Highlights:

• Financial Outlay:
  • Total outlay: Rs.2481 crore (GoI share: Rs.1584 crore; State share: Rs.897 crore) till 2025-26.
• Implementation Framework:
  • Convergence with existing schemes and organisations for resources, market linkages, and branding.
  • Real-time monitoring through geo-tagged and referenced online systems.
• Educational Integration:
  • Engage students through the RAWE Program and introduce NF courses at Undergraduate, Postgraduate, and Diploma levels.

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10. What is the primary objective of Atal Innovation Mission (AIM) 2.0, as approved by the Union Cabinet?
A) Focus on agricultural productivity enhancements
B) Expand and strengthen India’s innovation and entrepreneurship ecosystem
C) Develop new educational policies for vernacular education
D) Promote only IT-based startups across India
E) Build traditional small-scale industries in rural areas
Answer: B) Expand and strengthen India’s innovation and entrepreneurship ecosystem

Event and Location:

• Event: Approval of Atal Innovation Mission (AIM) 2.0 by the Union Cabinet.
• Location: India-wide implementation under NITI Aayog.
• Date: November 25, 2024.

Mandates and Objectives:

• Objective of AIM 2.0:
  • Expand, strengthen, and deepen India’s vibrant innovation and entrepreneurship ecosystem.
  • Address gaps in the ecosystem through initiatives targeting inputs, throughput, and output.
  • Contribute to better jobs, innovative products, and high-impact services.
• Budget: Rs.2,750 crore allocated for implementation until March 31, 2028.

Key Features of AIM 2.0:

1. Building Inputs:
   • Language Inclusive Program of Innovation (LIPI):
     • Ecosystem development in 22 scheduled languages.
     • Establishment of 30 Vernacular Innovation Centers.
   • Frontier Program:
     • Focused on Jammu & Kashmir, Ladakh, North Eastern States, and Aspirational Districts.
     • Creation of 2500 new Atal Tinkering Labs (ATLs).
2. Improving Throughput:
   • Human Capital Development Program:
     • Train 5500 professionals to manage innovation ecosystems.
   • Deeptech Reactor:
     • Research sandbox for commercializing deep tech startups.
   • State Innovation Mission (SIM):
     • Assist States/UTs in strengthening their regional ecosystems.
   • International Innovation Collaborations Program:
     • Global outreach through events like the Annual Global Tinkering Olympiad.
     • Partnerships with nations and organizations like WIPO and Startup20 G20 Engagement Group.
3. Enhancing Output:
   • Industrial Accelerator Program:
     • Establish 10 industry accelerators in critical sectors under PPP mode.
   • Atal Sectoral Innovation Launchpads (ASIL):
     • iDEX-like platforms for startups to collaborate with central ministries.

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11. What is the primary goal of the One Nation One Subscription scheme approved by the Union Cabinet?
A) Reduce costs for international academic conferences
B) Provide nationwide access to high-quality scholarly journals for researchers and students
C) Establish new research laboratories in tier 2 and tier 3 cities
D) Fund interdisciplinary research projects for private universities
E) Develop new central universities focused on STEM fields
Answer: B) Provide nationwide access to high-quality scholarly journals for researchers and students

Event and Location:

• Event: Approval of One Nation One Subscription (ONOS) scheme by the Union Cabinet.
• Location: India-wide implementation coordinated by INFLIBNET, under the University Grants Commission (UGC).
• Date: November 25, 2024.

Mandates and Objectives:

• Objective of ONOS:
  • Enable nationwide digital access to international scholarly research articles and journals for students, faculty, and researchers in government higher education and R&D institutions.
  • Foster a research and innovation culture in line with Viksitbharat@2047 and NEP 2020.
• Budget: Rs.6,000 crore for 3 calendar years (2025, 2026, 2027).

Key Features of the Scheme:

1. Access to Journals:
   • Over 13,000 e-journals from 30 major international publishers will be available to 6,300+ government institutions.
   • 1.8 crore students, faculty, and researchers will benefit, including those in tier 2 and tier 3 cities.
2. Centralized Coordination:
   • Implemented through INFLIBNET, an autonomous inter-university center under the UGC.
   • Access provided via a unified digital portal for ease of use.
3. Integration with Existing Initiatives:
   • Supplements the Anusandhan National Research Foundation (ANRF), which promotes R&D across government universities and institutions.
   • Supports the NEP 2020 emphasis on research for outstanding education and development.
4. Promoting Research Excellence:
   • Encourages both core and interdisciplinary research across various disciplines.
   • Enhances India’s participation in the global research ecosystem by providing seamless access to scholarly knowledge.
   • Usage and contributions by Indian authors will be periodically reviewed by the ANRF.
5. Awareness Campaigns:
   • Department of Higher Education (DHE) and State Governments to organize campaigns to promote ONOS and train users on how to access its benefits.

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12. What is the primary objective of the MoU signed between ICAI and CBSE?
A) Develop science-based courses for secondary school students
B) Promote commerce-based skill courses for students nationwide
C) Introduce vocational training programs in rural schools
D) Provide scholarships for students pursuing higher education abroad
E) Establish new CBSE schools focused on accountancy
Answer: B) Promote commerce-based skill courses for students nationwide

Event and Location:

• Event: Signing of an MoU between the Institute of Chartered Accountants of India (ICAI) and the Central Board of Secondary Education (CBSE).
• Location: India-wide implementation through CBSE-affiliated schools.
• Date: November 25, 2024.

Mandates and Objectives:

• Primary Objective:
  • Bridge the gap between academic learning and professional needs in commerce, ensuring students acquire relevant skills for careers in accountancy and finance.
• Focus Areas:
  • Development of specialized commerce-based skill courses.
  • Provision of expert guidance for course content creation.
  • Organization of awareness programs for educators and school management teams.

Key Announcements and Highlights:

• The partnership aims to:
  • Equip students with practical skills aligned with industry demands.
  • Enhance career readiness for students in commerce streams.
  • Promote educational excellence through expert-backed content and resources.
  • Increase awareness among school stakeholders regarding the importance of skill-based education.

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Over All Review

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