Daily Current Affairs November 01

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November 01 | Daily Current Affairs 2024

Important Days – Daily Current Affairs November 01

1. What is the primary theme of the 2024 International Day to End Impunity for Crimes Against Journalists (IDEI) Global Commemoration?
A) Promoting Press Freedom
B) Safety of Journalists in Crises and Emergencies
C) Combating Financial Threats to Journalists
D) 20th Anniversary of African Charter on Human and Peoples’ Rights
E) Gender Equality in Journalism
Answer: B) Safety of Journalists in Crises and Emergencies

Event and Location:

• International Day to End Impunity for Crimes Against Journalists (IDEI) will be marked globally with the theme Safety of Journalists in Crises and Emergencies.
• Location: African Union (AU) Headquarters, Addis Ababa, Ethiopia.
• Date: November 6–7, 2024.

Mandates and Objectives:

• Organizers: The African Union (AU) and UNESCO will host the event.
• Theme Focus: Addressing the safety of journalists in crisis and emergency settings, covering physical threats as well as legal and financial pressures.
• Day of Action: Scheduled for November 7, 2024, providing a platform for discussions, workshops, strategic partnerships, and initiatives like report releases and exhibitions.
• Commemorations:
  • 10th Anniversary of IDEI, initiated in 2014 by UN General Assembly Resolution A/RES/68/163.
  • 20th Anniversary of the Special Rapporteur on Freedom of Expression for the African Commission on Human and Peoples’ Rights.

Significance of the Day:

• Background: IDEI on November 2 was established by the UN to honor two French journalists killed in Mali in 2013.
• UNESCO Findings: More than 1,700 journalists killed globally between 2006 and 2024, with approximately 90% of cases remaining unresolved.
• Goal: To ensure public access to information and protect fundamental freedoms by addressing the cycle of violence and impunity against journalists.

Important Terms Explained:

• IDEI (International Day to End Impunity for Crimes Against Journalists): Established by UN General Assembly Resolution 68/163 to highlight crimes against journalists and call for accountability.
• Special Rapporteur on Freedom of Expression (African Commission): Established in 2004 to protect freedom of expression and journalists’ safety in Africa.
• Agenda 2063 (AU): The African Union’s strategic framework for peace, governance, and human rights, including journalist protection.
• UNESCO Observatory of Killed Journalists: A database documenting global instances of journalist killings and levels of impunity.

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2. Which of the following states or union territories does NOT celebrate its formation day on November 1?
A) Kerala
B) Haryana
C) Lakshadweep
D) Maharashtra
E) Karnataka
Answer: D) Maharashtra

Formation Day Celebrations on November 1:

• States and Union Territories Celebrating Formation Day:

1. Andhra Pradesh – Formed on November 1, 1956, as the first linguistic state for Telugu speakers.
2. Karnataka – Originally Mysore State, formed on November 1, 1956, renamed in 1973.
3. Kerala – Created for Malayalam speakers on November 1, 1956, as Kerala Piravi.
4. Madhya Pradesh – Formed on November 1, 1956, from several regions in central India.
5. Chhattisgarh – Carved out of Madhya Pradesh on November 1, 2000.
6. Haryana – Created from Punjab on November 1, 1966, as a Hindi-speaking state.
7. Punjab – Reorganized on November 1, 1966, to create a Punjabi-speaking state.
8. Lakshadweep – Established as a Union Territory on November 1, 1956.

States Not Celebrating on November 1:

• Maharashtra does not celebrate its formation on November 1. Maharashtra’s formation day is observed on May 1 as Maharashtra Day.

Common Themes Across Celebrations:

• These celebrations emphasize linguistic and cultural identity:
  • Traditional Arts and Culture: States feature local music, dance, and regional art forms such as Yakshagana in Karnataka, Kathakali in Kerala, and Bhangra in Punjab.
  • Cultural Legacy and Heritage: The formation days highlight the historical achievements and regional pride, showcasing India’s unity in diversity.

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Obituary – Daily Current Affairs November 01

3. What was Bibek Debroy widely recognized for apart from his role as Chairman of the Economic Advisory Council to the Prime Minister?
A) Translating ancient Sanskrit texts
B) Leading the Reserve Bank of India
C) Writing about modern technology
D) Serving as India’s Chief Economic Advisor
E) Developing India’s space policy
Answer: A) Translating ancient Sanskrit texts

Event and Position:

• Personality: Bibek Debroy, a prominent Indian economist, passed away on November 1, 2024, at the age of 69.
• Position at Passing: Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM).

Key Contributions and Achievements:

• Literary and Cultural Impact: Known for his translations of ancient Sanskrit texts, including the Mahabharata and Puranas, which helped make Indian epics accessible to modern readers.
• Professional Background:
  • Extensive experience across academia and policy institutions like Presidency College, Kolkata, Gokhale Institute of Politics and Economics, Pune, and NITI Aayog.
• Educational Background: Alumni of Presidency College, Kolkata, Delhi School of Economics, and Trinity College, Cambridge.

Important Terms Explained:

• Economic Advisory Council to the Prime Minister (EAC-PM): A council that advises the Prime Minister on economic and policy matters.
• NITI Aayog: National think-tank focused on policy-making and cooperative federalism in India.

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Banking and Finance – Daily Current Affairs November 01

4. By how much did IIFL Finance’s gold loan portfolio grow after the RBI lifted its lending ban?
A) ₹1,000 crore
B) ₹1,500 crore
C) ₹2,000 crore
D) ₹3,000 crore
E) ₹4,000 crore
Answer: C) ₹2,000 crore

Event and Portfolio Growth:

• Company: IIFL Finance
• Portfolio Growth: Following the lifting of the RBI’s lending ban, IIFL Finance’s gold loan portfolio grew by ₹2,000 crore.
• Background: The gold loan portfolio had previously shrunk significantly from ₹26,000 crore in March 2024 to ₹10,000 crore by September 2024 due to restrictions.

Future Outlook:

• Growth Expectations: The company’s management, led by CEO Nirmal Jain, anticipates the portfolio will return to its prior level by the end of the fourth quarter of FY25.

Important Terms Explained:

• Gold Loan Portfolio: The total value of loans secured against gold collateral held by a financial institution.
• RBI Lending Ban: Temporary restrictions imposed by the Reserve Bank of India (RBI) on lending activities, lifted in October 2024, allowing IIFL Finance to resume gold loans.

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Business and Economy – Daily Current Affairs November 01

5. How many UPI transactions were conducted in India in October 2024?
A) 15.04 billion
B) 16.58 billion
C) 20.61 billion
D) 14.96 billion
E) 535 million
Answer: B) 16.58 billion

Event and Transaction Record:

• Technology: Unified Payments Interface (UPI)
• New Record: In October 2024, UPI set a new record with 16.58 billion transactions, totaling ₹23.50 lakh crore.
• Year-on-Year Growth: UPI transactions saw a 45% year-on-year (y-o-y) increase, driven by increased spending during the festival season.

Average Daily Transactions and Amount:

• Daily Average: An average of 535 million transactions were conducted daily in October.
• Average Daily Transaction Value: The daily transaction amount averaged ₹75,801 crore.

Comparison with Previous Months:

• September 2024: 15.04 billion transactions amounting to ₹20.64 lakh crore.
• August 2024: 14.96 billion transactions amounting to ₹20.61 lakh crore.

Other Digital Payment Modes (Operated by NPCI):

1. FASTag: Saw 345 million transactions in October, an 8% y-o-y increase.
2. Immediate Payment Service (IMPS): Declined by 5% y-o-y to 467 million transactions.
3. Aadhaar Enabled Payment System (AePS): Increased 26% y-o-y to 126 million transactions.

Important Terms Explained:

• UPI (Unified Payments Interface): A real-time payment system developed by NPCI, facilitating inter-bank transactions via mobile.
• NPCI (National Payments Corporation of India): Governing body for retail payments and settlements in India, responsible for managing digital payment systems like UPI, FASTag, and IMPS.

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6. What was the percentage increase in GST collections in India in October 2024?
A) 5%
B) 8%
C) 9%
D) 12%
E) 15%
Answer: C) 9%

Event and Collection Growth:

• Month: October 2024
• GST Collection: ₹1.87 lakh crore
• Growth Rate: The GST collection rose by 9% year-on-year, marking the second consecutive month of single-digit growth.

Implications of Growth:

• Consumer Spending Trends: The single-digit growth suggests a potential slowdown in consumer spending, indicating a cooling-off period in economic activity after previous higher growth rates.

GST Collection Sources:

• The increase was primarily driven by domestic transactions rather than imports, suggesting steady internal economic activity.

Important Terms Explained:

• Goods and Services Tax (GST): A unified indirect tax system in India, levied on the supply of goods and services, collected at various points of sale.

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Appointments – Daily Current Affairs November 01

7. Who has recently assumed the position of Air Officer-in-Charge Maintenance of the Indian Air Force?
A) Air Marshal Raghunath Nambiar
B) Air Marshal Ajay Kumar Arora
C) Air Marshal Anil Khosla
D) Air Marshal Rajesh Singh
E) Air Marshal SK Ghotia
Answer: B) Air Marshal Ajay Kumar Arora

Event and Position:

• Appointment: Air Marshal Ajay Kumar Arora has taken over as Air Officer-in-Charge Maintenance at the Indian Air Force (IAF) Headquarters, Vayu Bhawan.
• Date of Appointment: November 1, 2024

Career and Qualifications:

• Background: Commissioned into the Aeronautical Engineering stream of the IAF in August 1986.
• Education:
  • Graduate of Air Force Technical College
  • Studied at Air Command and Staff College, USA and College of Defence Management, Secunderabad
  • Holds a doctorate in Management from University of Pune
  • Alumnus of IIT Kharagpur
• Previous Position: Served as Director General (Aircraft) before his current appointment.
• Awards:
  • Vishisht Seva Medal (VSM) – 2018
  • Ati Vishisht Seva Medal (AVSM) – 2024

Significance of Position:

• The Air Officer-in-Charge Maintenance is responsible for overseeing all maintenance activities and ensuring operational readiness of the IAF’s aircraft and equipment.

Important Terms Explained:

• Air Officer-in-Charge Maintenance (IAF): Senior position in the Indian Air Force responsible for managing and maintaining aircraft and associated equipment.
• Vishisht Seva Medal (VSM): Indian military decoration awarded for distinguished service.
• Ati Vishisht Seva Medal (AVSM): A higher honor awarded for exceptional service of high order to the nation.

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8. Who has recently been appointed as the CEO of the Multi Commodity Exchange (MCX)?
A) P S Reddy
B) Ashishkumar Chauhan
C) Praveena Rai
D) Arundhati Bhattacharya
E) Vishal Sikka
Answer: C) Praveena Rai

Event and Position:

• Position: Chief Executive Officer and Managing Director of the Multi Commodity Exchange (MCX)
• Appointee: Praveena Rai assumed the role on October 31, 2024.
• Predecessor: P S Reddy, who completed his five-year term in May 2024.

Professional Background of Praveena Rai:

• Previous Role: Served as the CEO at National Payments Corporation of India (NPCI), where she managed marketing, business development, product management, and operations strategy.
• Banking Experience: Rai has over 20 years of experience in banking, including positions such as:
  • Regional Head of Payments for Asia Pacific at HSBC
  • Led the cash management portfolio at Kotak Mahindra Bank, which is a major shareholder in MCX.
• Expertise Areas: Specialized in payments, cards, retail banking, and transaction banking.

About MCX:

• Multi Commodity Exchange (MCX): India’s largest commodity derivatives exchange, facilitating the trading of commodities such as gold, silver, and energy products.

Important Terms Explained:

• Commodity Exchange: A market where commodities, including metals, energy products, and agricultural goods, are traded through futures contracts.
• National Payments Corporation of India (NPCI): An umbrella organization for operating retail payments and settlement systems in India.

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9. Who has been appointed as the Secretary General of the World Agriculture Forum (WAF)?
A) Himanshu Pathak
B) Jacqueline d’Arros Hughes
C) P S Reddy
D) Praveena Rai
E) A Gopalakrishnan
Answer: B) Jacqueline d’Arros Hughes

Event and Appointment:

• Appointee: Jacqueline d’Arros Hughes, the outgoing Director General of International Crops Research Institute for the Semi-Arid Tropics (ICRISAT)
• New Position: Secretary General of the World Agriculture Forum (WAF)
• Effective Date: Mid-November 2024

Transition and Succession:

• Successor at ICRISAT: Himanshu Pathak will take over as the Director General of ICRISAT in Hyderabad following Hughes’s transition.

Significance of the Role:

• The World Agriculture Forum (WAF) focuses on addressing global agricultural challenges and promoting sustainable farming practices. Hughes’s leadership is expected to bring valuable expertise in agricultural research and development to WAF.

Important Terms Explained:

• ICRISAT (International Crops Research Institute for the Semi-Arid Tropics): An international agricultural research organization dedicated to improving food security and farming practices in semi-arid regions.
• World Agriculture Forum (WAF): An international forum focused on addressing agriculture and food security issues globally.

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10. Who has recently taken over as the Defence Secretary of India?
A) Giridhar Aramane
B) Ajay Kumar Arora
C) Himanshu Pathak
D) Rajesh Kumar Singh
E) Rakesh Asthana
Answer: D) Rajesh Kumar Singh

Event and Appointment:

• Position: Defence Secretary of India
• Appointee: Rajesh Kumar Singh, an IAS officer of the 1989 batch from the Kerala cadre.
• Date of Appointment: November 1, 2024
• Predecessor: Giridhar Aramane, who completed his term on October 31, 2024.

Background of Rajesh Kumar Singh:

• Previous Role: Singh served as Officer on Special Duty (Defence Secretary-Designate) since August 20, 2024, to ensure a smooth transition into the role of Defence Secretary.

Significance of the Defence Secretary Role:

• The Defence Secretary is a senior civil servant responsible for managing and overseeing the administrative and policy functions of the Ministry of Defence, coordinating with the armed forces and advising on defence policies.

Important Terms Explained:

• Officer on Special Duty (OSD): A temporary position often given to senior officials before taking over a prominent role, ensuring smooth transition and continuity.

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Defence – Daily Current Affairs November 01

11. What is the primary objective of the joint military exercise ‘Garud Shakti’ between India and Indonesia?
A) Conduct air drills
B) Develop interoperability and cooperation
C) Test new military equipment
D) Strengthen naval cooperation
E) Conduct joint cybersecurity operations
Answer: B) Develop interoperability and cooperation

Event and Location:

• Exercise Name: Garud Shakti 24
• Location: Cijantung, Jakarta, Indonesia
• Dates: November 1–12, 2024

Mandates and Objectives:

• Participants: Indian Army Special Forces (25 personnel from The Parachute Regiment) and 40 personnel from Indonesian Special Forces Kopassus.
• Primary Objective: Enhance interoperability and mutual cooperation between Indian and Indonesian special forces.
• Focus Areas: The exercise includes:
  • Planning and execution of special operations
  • Practicing tactical military drills in jungle terrain
  • Conducting strikes on simulated terrorist camps
  • Participating in a Validation Exercise to rehearse both basic and advanced special forces skills.
• Secondary Objectives: Improve mutual understanding of each other’s techniques and procedures, and strengthen bilateral military relations.

Important Terms Explained:

• Kopassus: Indonesian Army Special Forces Command known for counter-terrorism and special operations.
• The Parachute Regiment (Special Forces): A specialized Indian Army regiment trained for rapid deployment in special operations, including hostage rescue, counter-terrorism, and jungle warfare.

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12. What is the primary objective of the joint military exercise ‘Vajra Prahar’ between India and the United States?
A) Conducting high-altitude drills
B) Enhancing interoperability in special operations
C) Practicing maritime security
D) Developing joint cybersecurity capabilities
E) Strengthening medical evacuation procedures
Answer: B) Enhancing interoperability in special operations

Event and Location:

• Exercise Name: Vajra Prahar 2024
• Location: Orchard Combat Training Centre, Idaho, USA
• Dates: November 2–22, 2024

Mandates and Objectives:

• Participants: 45 personnel each from Indian and US Special Forces.
  • Indian Contingent: Represented by Special Forces units.
  • US Contingent: Represented by the Green Berets.
• Objective: Promote military cooperation and interoperability by exchanging tactics and experiences in special operations.
• Key Focus Areas:
  • Joint Tactical Drills: Practicing reconnaissance missions, planning joint operations, using Unmanned Aerial Systems (UAS), and special operations in desert and semi-desert terrains.
  • Specialized Techniques: Joint Terminal Attack Controller actions, psychological warfare in special operations, and high physical fitness standards.

Important Terms Explained:

• Vajra Prahar: An annual special forces exercise aimed at improving operational coordination and enhancing interoperability between Indian and US special forces.
• Green Berets (US): Special forces unit of the United States Army trained in unconventional warfare, direct action, and counter-terrorism.

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International Affairs – Daily Current Affairs November 01

13. Which of the following sectors is India exploring for collaboration with Saudi Arabia as part of the Saudi-India Strategic Partnership Council?
A) E-commerce
B) Clean hydrogen
C) Agriculture
D) Space research
E) Pharmaceuticals
Answer: B) Clean hydrogen

Event and Purpose:

• Meeting: Second Ministerial Meeting of the Economy and Investment Committee under the Saudi-India Strategic Partnership Council (SPC)
• Location: Riyadh, Saudi Arabia
• Date: October 30, 2024
• Participants:
  • India: Union Minister of Commerce and Industry Piyush Goyal
  • Saudi Arabia: Minister of Energy Prince Abdulaziz bin Salman Al Saud

Key Areas of Collaboration Discussed:

• Emerging Sectors: India and Saudi Arabia aim to collaborate in sectors such as:
  • Fintech
  • New Technologies
  • Energy Efficiency
  • Clean Hydrogen
  • Textiles
  • Mining
• Investment Appeal: At the Future Investment Initiative (FII) event, Minister Piyush Goyal encouraged global investors to consider high-growth sectors in India, including artificial intelligence, renewable energy, digital infrastructure, and advanced manufacturing.

Bilateral Trade Highlights:

• Trade Relations: India is the second-largest trade partner for Saudi Arabia, while Saudi Arabia ranks as India’s fourth-largest trading partner.
• Trade Volume: The bilateral trade between India and Saudi Arabia reached $43 billion in 2023-24.
• Investments:
  • Indian investments in Saudi Arabia: Approximately $2 billion by over 2,700 Indian companies.
  • Saudi investments in India: $3.22 billion from April 2000 to June 2024.

Important Terms Explained:

• Clean Hydrogen: Hydrogen produced through renewable energy sources with minimal carbon emissions, considered crucial for a sustainable energy future.
• Saudi-India Strategic Partnership Council (SPC): Established to enhance cooperation and deepen economic ties across multiple sectors between India and Saudi Arabia.

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National Affairs – Daily Current Affairs November 01

14. Which zoological park in India is set to become the first to receive IGBC certification?
A) Arignar Anna Zoological Park, Tamil Nadu
B) Nandankanan Zoological Park, Odisha
C) Durgesh Aranya Zoological Park, Himachal Pradesh
D) Kanpur Zoological Park, Uttar Pradesh
E) Mysuru Zoo, Karnataka
Answer: C) Durgesh Aranya Zoological Park, Himachal Pradesh

Event and Location:

• Event: Himachal Pradesh’s Durgesh Aranya Zoological Park is set to become India’s first zoo to achieve certification from the Indian Green Building Council (IGBC) for its sustainable and eco-friendly features.
• Location: Bankhandi in the Dehra assembly constituency, Kangra district, Himachal Pradesh.

Mandates and Objectives:

• Sustainability Focus: The IGBC certification will validate the zoo’s adherence to environmental standards, focusing on eco-friendly construction and landscape design.
• Project Scope: The first phase of the project covers 25 hectares, costing approximately Rs 230 crore and targeted for completion by Q3 2025. The total investment for the park is Rs 619 crore.
• Ecotourism and Employment: Aimed at making Kangra a premier tourist destination, this project will boost tourism, generate employment opportunities for local youth, and strengthen the local economy.

Key Features of Durgesh Aranya Zoological Park:

• Animal Enclosures: With permission from the Central Zoo Authority (CZA), the park’s first phase will establish 34 enclosures showcasing 73 species including Asiatic lions, monitor lizards, crocodiles, and more.
• Notable Additions: A nocturnal house for viewing elusive species and a wetland aviary featuring indigenous bird species in a natural environment.
• Tourism Capital: This project aligns with the state’s vision to position Kangra district as the “Tourism Capital” of Himachal Pradesh through eco-tourism and sustainable development.

Important Terms Explained:

• Indian Green Building Council (IGBC): An organization that promotes sustainable and eco-friendly building practices in India, offering certification based on compliance with green standards.
• Central Zoo Authority (CZA): A statutory body under India’s Ministry of Environment, Forest and Climate Change, overseeing the functioning and approval of zoos.

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15. What innovative ingredient has CMFRI used to develop eco-friendly fish feed?
A) Earthworms
B) Black soldier fly larvae
C) Soybean meal
D) Algae
E) Spirulina
Answer: B) Black soldier fly larvae

Event and Development:

• Organization: ICAR-Central Marine Fisheries Research Institute (CMFRI)
• Innovation: CMFRI has developed an eco-friendly fish feed using black soldier fly (BSF) larvae meal.
• Objective: To make the aquaculture industry more sustainable by reducing reliance on traditional fishmeal, which often contributes to overfishing and faces price fluctuations.

Technology Transfer:

• Commercial Production: The technology has been transferred to Amala Ecoclean, a start-up specializing in sustainable waste management and environmental solutions, for large-scale production.

Significance:

• Environmental Impact: Black soldier fly larvae serve as an excellent, sustainable protein source, minimizing the need for fishmeal derived from wild fish.
• Economic Benefit: This alternative feed can help stabilize costs in the aquaculture industry by providing a cost-effective and reliable protein source.

Important Terms Explained:

• Black Soldier Fly (BSF) Larvae: Known for high protein content, BSF larvae are increasingly used in animal and fish feeds, as they can be cultivated on organic waste, contributing to waste reduction.
• Fishmeal: A common fish feed ingredient derived from processed fish; it is associated with environmental concerns due to overfishing.

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16. Under the newly launched scheme by Andhra Pradesh CM N Chandrababu Naidu, how many free cooking gas cylinders will be provided per year?
A) One
B) Two
C) Three
D) Four
E) Six
Answer: C) Three

Event and Scheme Launch:

• Scheme Name: Deepam 2
• Launched By: Andhra Pradesh Chief Minister N Chandrababu Naidu
• Launch Location: Eedupuram, Srikakulam district, Andhra Pradesh
• Benefit: Three free LPG (cooking gas) cylinders per year for eligible households

Scheme Background:

• Promise by NDA Government: This scheme is one of the Super Six promises made by the ruling NDA government to provide essential support to low-income households by reducing cooking fuel costs.
• Objective: To make cooking fuel accessible and affordable, reducing the economic burden on families and promoting cleaner fuel usage.

Important Terms Explained:

• Deepam 2: An extension of the original Deepam scheme, launched to provide free cooking gas cylinders to financially support households.
• Super Six Promises: A set of six welfare initiatives promised by the ruling NDA government in Andhra Pradesh, aiming to improve the standard of living for underprivileged communities.

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