Daily Current Affairs November 03

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November 03| Daily Current Affairs 2023

Obituary – Daily Current Affairs November 03

1. Who recently passed away in New Delhi, known for their contributions as a singer, musicologist, and writer?
A) Former Prime Minister of India Atal Bihari Vajpayee
B) Renowned Indian cricketer Sachin Tendulkar
C) Eminent singer and musicologist LeelaOmchery
D) Bollywood actor Amitabh Bachchan
E) Indian classical dancer SonalMansingh
Answer: C) Eminent singer and musicologist LeelaOmchery

• Eminent singer, musicologist and writer LeelaOmchery, 94, passed away in New Delhi.
• Proficient in Carnatic, Hindustani, Sopanam and folk music, she was honoured her with Padma Shri in 2008
• Sister of yesteryear Malayalam singer KamukaraPurushothaman, Leela was born on May 31, 1929, in Kanyakumari district, now in Tamil Nadu. She had served as professor at Kamuakara School of Music, Dance and Research Studies, Thiruvananthapuram, and later as professor and principal of Trikala Gurukulam in New Delhi.
• She was the president of DakshinaBharati (South Indian Women’s Organisation), and vice-president of Swaralaya, New Delhi.
• She had also worked as associate professor and head of Carnatic Music Section, Faculty of Music and Fine Arts, University of Delhi, in 1964-1994. She won the Kerala Sangeetha NatakaAkademi award in 1990.

Ranking – Daily Current Affairs November 03

2. Who retained the title of ‘India’s most generous’ for the third consecutive year by donating ₹2,042 crore during the fiscal year 2022-23, according to the EdelGiveHurun India Philanthropy List 2023?
A) Ratan Tata
B) MukeshAmbani
C) Azim Premji
D) Shiv Nadar
E) N. R. Narayana Murthy
Answer: D) Shiv Nadar

EdelGiveHurun India Philanthropy List 2023

Banking and Finance – Daily Current Affairs November 03

3. Which Indian life insurance company recently became the first to obtain International Financial Services Centre (IFSC) Registration at Gujarat International Finance Tec (GIFT) City?
A) LIC (Life Insurance Corporation of India)
B) HDFC Life Insurance
C) Max Life Insurance
D) SBI Life Insurance
E) IndiaFirst Life Insurance
Answer: E) IndiaFirst Life Insurance

• India First Life Insurance has received the registration to undertake life insurance business in the Gujarat International Finance Tec (GIFT) City-International Financial Services Centre (IFSC).
• The registration will enable India First Life to expand its reach globally
• The organisation is all geared to embark on the journey, once the necessary formalities are in place
• India First Life Insurance is a three-way venture with Bank of Baroda having 65 per cent stake, Union Bank of India (9 per cent) and private equity major Warburg Pincus (26 per cent).
• It obtained registration from the International Financial Services Centre Authority (IFSCA) in September 2023 following approval from the Insurance Regulatory and Development Authority of India (IRDAI) in August of the same year.
• IndiaFirst Life would be able to reach a wider audience worldwide thanks to the registration.
• With a dedicated office space reserved in GIFT City, the company is ready to go as soon as the required paperwork is completed.

4. ICICI Bank has introduced a feature allowing transactions to merchant QR codes through which app?
A) WhatsApp
B) Google Pay
C) PhonePe
D) Paytm
E) Digital Rupee App
Answer: E) Digital Rupee App

• ICICI Bank announced that it enables its customers to make payments to any merchant QR codes using the bank’s Digital Rupee App.
• The bank’s measure enables its millions of customers for a seamless digital payment experience as it has made Unified Payments Interface (UPI) interoperable.
• Eliminating the need for mandatory on-boarding procedure, the step also facilitates merchants to accept digital rupee payments on their existing UPI QR code.
• The Digital Rupee (e₹) or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC).
• Other major public and private banks that allow their customers to have access to Digital Rupee include State Bank of India, Bank of Baroda, Canara Bank, HDFC Bank, and Kotak Mahindra Bank among others

5. Which bank and travel platform launched a premium co-branded credit card?
A) HDFC Bank and MakeMyTrip
B) ICICI Bank and Cleartrip
C) AU Small Finance Bank and Ixigo
D) Axis Bank and Yatra
E) Kotak Mahindra Bank and Goibibo
Answer: C) AU Small Finance Bank and Ixigo

• AU Small Finance Bank (AU SFB) and ixigo have joined hands to launch a premium co-branded credit card for modern travellers.
• This strategic partnership combines the strengths of AU SFB’s financial expertise with ixigo’s deep penetration in Tier-II and III markets, aiming to offer their customers a seamless blend of premium financial rewards with unparalleled travel benefits.
• The ixigo-AU co-branded credit card will empower customers to enjoy a travel experience across all travel verticals, flights, trains, buses & hotels.
• The co-branded credit card provides a range of exclusive benefits designed to cater to the requirements of both frequent and occasional travellers.
• It is designed to address the evolving needs of modern travellers, who seek flexibility, convenience, and value.
• With this co-branded card, travellers can enjoy substantial discounts of up to 10% on flight, bus & hotel bookings made through the ixigo platform.
• The card offers the convenience of zero payment gateway charges for train bookings twice a month along with best-in-class reward points on all offline and online spends.
• Moreover, it is the only OTA travel credit card to give access to up to 8 railway lounge and 8 domestic airport lounges per calendar year (without any spend criteria) along with one international lounge access per year (Priority Pass available on request).
• As a joining bonus, customers will also receive 1,000 reward points and ixigo money worth INR 1,000 on their first successful transaction within the initial 30 days of card issuance.
• Customers can also enjoy a 1 per cent fuel surcharge waiver on transactions, making every drive cost-effective. The card has a nominal annual fee of INR 999 + GST, waived with just INR 1,000 spending in the initial 30 days.
• Furthermore, the annual fee for the following year is also waived off with a minimum spend of INR 1 lakh in the preceding year.

Acquisitions and Mergers – Daily Current Affairs November 03

6. Larsen & Toubro (L&T) sold its 100% stake in L&T Infrastructure Engineering Limited (LTIEL) to which company for ₹60 crore?
A) Tata Group
B) Reliance Industries
C) STUP Consultants Private Limited
D) Infosys
E) Wipro
Answer: C) STUP Consultants Private Limited

• Larsen & Toubro (L&T) has sold its 100 per cent stake in L&T Infrastructure Engineering Limited (LTIEL), a provider of standalone engineering consultancy services for the infrastructure sector in India, to STUP Consultants Private Limited, a subsidiary of Assystem SA of France for ₹60 crore
• This transaction aligns with Larsen & Toubro’s commitment to focus on its core businesses and assets.
• LTIEL, formerly known as L&T-Ramboll Consulting Engineers Limited, provides engineering consultancy services for India’s infrastructure sector. LTIEL revenues for FY23 was ₹92 crore.
• The transaction is currently pending completion of customary closing conditions and is expected to be concluded before January 15th, 2024

Appointments – Daily Current Affairs November 03

7. Who has been re-appointed as the Chairman of the Armed Forces Tribunal (AFT) for four years?
A) Former Indian Prime Minister Manmohan Singh
B) Former Delhi Chief Minister Arvind Kejriwal
C) Former Delhi High Court Chief Justice Rajendra Menon
D) Indian Army Chief General BipinRawat
E) Bollywood actor Amitabh Bachchan
Answer: C) Former Delhi High Court Chief Justice Rajendra Menon

• Former Chief Justice of Delhi High Court, Justice Rajendra Menon, has been appointed again as Chairman of the Armed Forces Tribunal (AFT) for four years.
• Justice Menon will serve as Chairman of the Tribunal till June 6, 2027.
• The former judge was first recommended to the post in 2019 and served for four years.
• In April 2002, Justice Menon was elevated as an additional judge of the Madhya Pradesh High Court in 2002, whereas on May 21, 2003, he was a made permanent judge of that High Court.
• Justice Menon has also served as Welfare Commissioner for the Bhopal Gas Victims Compensation Commission between December 2010 and March 2015.
• Justice Menon was elevated as Chief Justice of the Patna High Court on March 15, 2017 and remained at the post till his transfer to the Delhi High Court.
• He retired as Chief Justice of the Delhi High Court in May 2019, a little under a year after he was appointed to helm the High Court in August 2018.

International Affairs – Daily Current Affairs November 03

8. What is the purpose of India’s allocation of a USD 15 million grant to Sri Lanka?
A) To support Sri Lanka’s education system
B) To invest in Sri Lanka’s infrastructure projects
C) To strengthen economic ties between India and Sri Lanka
D) To bolster long-standing Buddhist connections
E) To promote tourism in Sri Lanka
Answer: D) To bolster long-standing Buddhist connections

• India has allocated a ”landmark” grant of USD 15 million to Sri Lanka to bolster the long-standing Buddhist connections between the two nations
• The bilateral agreement on the grant was signed at the President’s House in Colombo in the presence of President RanilWickremesinghe and Finance Minister Nirmala Sitharaman during her three-day visit to the island nation
• The first project to be initiated under the USD 15 million grant is the solar electrification of religious sites across Sri Lanka, with an allocation of USD 10 million
• The Memorandum of Understanding (MOU) for this significant project was jointly finalised by the governments of India and Sri Lanka
• Sitharaman was in the island nation to participate as the Guest of Honour in ‘NAAM 200’, organised by the Government of Sri Lanka on Thursday, to commemorate the 200th anniversary of the arrival of Indian-origin Tamils to the island nation.
• Finance Minister Nirmala Sitharaman visited Sri Lanka’s eastern port town of Trincomalee where she opened a branch of the State Bank of India and appreciated its role in supporting corporates in international trade.

National Affairs – Daily Current Affairs November 03

9. Who will launch the domestic sailing of the first International Cruise Liner ‘COSTA SERENA’ in India at Mumbai?
A) Prime Minister Narendra Modi
B) Former President Ram NathKovind
C) Union Minister of Ports, Shipping and Waterways, Shri SarbanandaSonowal
D) Bollywood actor Shah Rukh Khan
E) Indian cricket captain ViratKohli
Answer: C) Union Minister of Ports, Shipping and Waterways, Shri SarbanandaSonowal

• The Union Minister of Ports, Shipping and Waterways, Shri SarbanandaSonowal will launch the domestic sailing of the first International Cruise Liner ‘COSTA SERENA’ in India at Mumbai.
• The ‘DekhoApnaDesh’, an initiative launched as an appeal by the Prime Minister, Shri Narendra Modi to the middle class to prefer the domestic tourism over the international tourism, drives such cruise initiatives.
• The Ministry of Ports, Shipping and Waterways is very focussed on bringing India on the cruising map of the world.
• At the recently concluded Global Maritime India Summit 2023 organised by the Ministry, discussions revolved around reaching the target of 50 million cruise passengers in India by 2047. This looks achievable as India has a huge potential.
• Costa Cruises is expected to carry approximately 45,000 passengers in its next 2 months voyages. These passengers would have otherwise booked from international destinations. The biggest advantage is an International Cruising experience for Indians in Indian waters

10. Which two government entities signed a Letter of Intent for Cooperation in the field of Public Administration and Administrative Reforms for three years?
A) Ministry of External Affairs, India, and the French Ministry of Foreign Affairs
B) Department of Administrative Reforms and Public Grievances, India, and Ministry of Finance, France
C) Ministry of Personnel, Public Grievances and Pensions, India, and M/o Public Sector Transformation & the Civil Service, France
D) Ministry of Defense, India, and the French Ministry of Defense
E) Ministry of Health and Family Welfare, India, and the French Ministry of Health
Answer: C) Ministry of Personnel, Public Grievances and Pensions, India, and M/o Public Sector Transformation & the Civil Service, France

• The Department of Administrative Reforms and Public Grievances, Ministry of Personnel, Public Grievances and Pensions, Government of India and M/o Public Sector Transformation & the Civil Service of the French Republic signed the Letter of Intent for Cooperation in the field of Public Administration and Administrative Reforms for three years.
• The Letter of Intent was signed by Shri V. Srinivas, Secretary on behalf of the Department of Administrative Reforms and Public Grievances and H.E. Mr. Thierry Mathou, Ambassador of France to India at a ceremonial function in New Delhi.
• Senior Officials of Ministry of External Affairs, Embassy of India in France, Embassy of France in India and the Ministry of Public Sector Transformation and the Civil Service of the French Republic attended the event conducted in hybrid mode.
• The Letter of Intent seeks to strengthen the bilateral partnership between the two countries through exchange visits focused on administrative reforms, good governance webinars, research publications, institutional exchanges, capacity building programs and replication of good governance practices.
• The roadmap for the bilateral collaboration will be drawn up by a Joint Working Group that will be established under the aegis of the Letter of Intent. Both sides agreed to strengthen the relationship through high level exchanges in the coming months

11. Where did the Prime Minister, Shri Narendra Modi, inaugurate the second edition of the Mega food event ‘World Food India 2023’?
A) RashtrapatiBhavan, New Delhi
B) Red Fort, New Delhi
C) Bharat Mandapam, PragatiMaidan, New Delhi
D) India Gate, New Delhi
E) Raj Ghat, New Delhi
Answer: C) Bharat Mandapam, PragatiMaidan, New Delhi

• Prime Minister Narendra Modi unveiled the highly-anticipated second edition of ‘World Food India 2023’ at Bharat Mandapam, PragatiMaidan in New Delhi
• This spectacular culinary event is not just a feast for the taste buds but also a global celebration of food and culinary expertise
• To strengthen Self Help Groups, the Prime Minister disbursed Seed Capital Assistance for over one lakh SHG members.
• This support will help SHGs gain better price realization in the market through improved packaging and quality manufacturing.
• The Prime Minister also inaugurated Food Street as part of World Food India 2023. It will feature regional cuisines and royal culinary heritage, wherein over 200 chefs will participate and present traditional Indian cuisine, making it a unique culinary experience.
• The event aims to showcase India as ‘food basket of the world’ and celebrate 2023 as the International Year of Millets

12. The Election Commission of India (ECI) signed a Memorandum of Understanding (MoU) with which ministry to bring electoral literacy?
A) Ministry of Health and Family Welfare
B) Ministry of Finance
C) Ministry of Home Affairs
D) Ministry of Education
E) Ministry of Agriculture and Farmers Welfare
Answer: D) Ministry of Education

• The Election Commission of India signed a Memorandum of Understanding, MoU, with the Ministry of Education to bring electoral literacy into classrooms across the country.
• The MoU outlines the development of institutional framework that seeks to embed electoral literacy in schools and colleges.
• It also includes structured curricular, co-curricular and extra-curricular activities that will help prepare new voters for greater electoral participation in democracy.
• Under the MoU, NCERT will include material on electoral literacy in school textbooks and advise state education boards to follow the same. Various activities will be held to promote voter awareness among students, ensuring their registration and participation as voters.
• A robust mechanism will be developed to meet ECI’s ambitious target of handing over Voter ID card to every student who attains the age of 18 years.
• The MoU also aims to expand ECI’s flagship systematic voter education and electoral participation in schools and colleges. Its objective is to encourage universal and enlightened participation of prospective voters in elections.

13. Who inaugurated the ‘India Manufacturing Show’ in Bengaluru, Karnataka?
A) Prime Minister Narendra Modi
B) Chief Minister of Karnataka
C) Finance Minister Nirmala Sitharaman
D) Defense Minister Rajnath Singh
E) Minister of External Affairs S. Jaishankar
Answer: D) Defense Minister Rajnath Singh

• RakshaMantri Shri Rajnath Singh inaugurated the three-day ‘India Manufacturing Show’ in Bengaluru, Karnataka
• The show has been jointly organised by LaghuUdhyog Bharti & IMS Foundation and supported by Department of Defence Production, Ministry of Defence.
• The central theme of the event is ‘Make in India, Make for the World’.
• The sixth edition of ‘India Manufacturing Show’ will provide a platform to the exhibitors to showcase their technologies, equipment and R&D in different sectors, such as aerospace & defence engineering, automation, robotics & drones to the participants.
• The aim is to bring together best minds, best technologies and best practices while providing business and knowledge sharing opportunities for its participants.

14. Which global telecommunications event is India set to host next year, with a focus on advancing 5G and 6G networks?
A) World Telecommunication Expo
B) International Telecommunication Union Summit
C) World Telecommunication Standardisation Assembly (WTSA)
D) Global Telecom Innovators Forum
E) Telecom World Congress
Answer: C) World Telecommunication Standardisation Assembly (WTSA)

• India is going to host the World Telecommunication Standardisation Assembly (WTSA) next year, a step to move forward in 5G and 6G networks, said Union Communication & IT Minister, Ashwini Vaishnaw in New Delhi.
• Held every four years, the World Telecommunication Standardisation Assembly (WTSA) is the governing conference of the ITU Standardisation Sector (ITU-T), one of the three world conferences of the International Telecommunication Union and as such, the United Nations system.
• Meanwhile, Vaishnaw and Houlin Zhao, Secretary General of the International Telecommunication Union (ITU) signed the Host Country Agreement (HCA) for the establishment of an Area Office and Innovation Centre of ITU in New Delhi on 3 March 2022.
• The HCA provides the legal and financial framework for the establishment and operations of the area office.

15. Where was the 22-feet long statue of cricket legend Sachin Tendulkar unveiled?
A) Rajiv Gandhi International Cricket Stadium, Hyderabad
B) Eden Gardens, Kolkata
C) M. Chinnaswamy Stadium, Bangalore
D) Wankhede Stadium, Mumbai
E) Feroz Shah Kotla Ground, Delhi
Answer: D) Wankhede Stadium, Mumbai

• Maharashtra Chief Minister EknathShinde unveiled the grand statue of legendary cricketer Sachin Tendulkar at the Wankhede Stadium in Mumbai.
• It is positioned adjacent to the Sachin Tendulkar stand.
• The statue was initially planned to be unveiled earlier in the year, on the occasion of Tendulkar’s 50th birthday in April. However, since there were a few finishing touches that needed to be added to the structure and hence, the unveiling was pushed back.
• This 22-feet statue of the great batsman Bharat Ratna Sachin Tendulkar has been built by the Mumbai Cricket Association at the Wankhede Stadium and has been created by international painter-sculptor PramodKamble from Ahmednagar

16. What is the name of the housing scheme approved by the Jharkhand Cabinet, which aims to provide eight lakh pucca houses to the homeless in the state?
A) Pradhan MantriAwasYojana (PMAY)
B) Jharkhand GharAwasYojana (JGAY)
C) Jharkhand Housing for All Scheme (JHAS)
D) AbuaAwasYojna (AAY)
E) Jharkhand Shelter for the Needy (JSN)
Answer: D) AbuaAwasYojna (AAY)

• The Jharkhand Cabinet approved the ‘AbuaAwasYojna’ (AAY) — a housing scheme for the poor, which will provide eight lakhs pucca houses to the homeless in the state, and has a total budget of Rs 16,320 crore.
• The scheme will be implemented in three phases, with a target of 2 lakh houses in the current financial year; 3.5 lakh houses in FY 2024-25 and 2.5 lakh houses in FY 2025-26.
• xisting Union Government schemes like Pradhan MantriAwasYojana-Rural or AmbedkarAwasYojna have been around for a while.
• As per data from the state government, 16 lakh families have been beneficiaries of PMAY-Rural, and 50,000 families have benefited from Ambedkar Housing Scheme since the formation of Jharkhand in 2000.
• Nonetheless, these schemes have been unable to cover all eligible beneficiaries.
• A three-room and one kitchen house with a total area of 31 sq m will be provided under this scheme. The government has set aside Rs 2 lakh per beneficiary in its budget, to be disbursed in four instalments. In comparison, under PMAY-Rural, a house with only two rooms and one kitchen is constructed, with a provision of Rs 1.2-1.3 lakh per beneficiary.

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