Daily Current Affairs November 07

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 07. 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.

TO PURCHASE OUR BANKING AWARENESS (2021 Edition) – CLICK HERE

November 07| Daily Current Affairs 2023

Important Days – Daily Current Affairs November 07

1. When is National Cancer Awareness Day celebrated in India?
A) January 26
B) March 8
C) November 7
D) September 5
E) December 25
Correct Answer: C) November 7

• National Cancer Awareness Day in India is celebrated on November 7 every year in India
  National Cancer Awareness Day was kickstarted by Dr Harsh Vardhan, the Union Minister of Health and Family Welfare in India in September 2014.
• A committee was formed and November 7 was designated as the day for annual observance aiming to inform and educate masses about cancer, its treatment, and how early action can drastically improve survival rates.

---

Banking and Finance – Daily Current Affairs November 07

2. Why did the Reserve Bank impose a monetary penalty of ₹3.20 lakh on Early Salary Services Private Limited, Pune?
A) Non-payment of employee salaries
B) Violation of environmental regulations
C) Non-compliance with RBI’s guidelines for cybersecurity
D) Non-compliance with provisions of the Companies Act, 2013
E) Non-compliance with provisions of RBI’s “Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company Directions, 2016”
Correct Answer: E) Non-compliance with provisions of RBI’s “Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company Directions, 2016”

• The Reserve Bank has imposed monetary penalties on four co-operative banks and a non-banking financial company (NBFC) for deficiencies in regulatory compliance.
• The co-operative banks are: Shree Lodra NagarikSahakari Bank Ltd, MalpurNagarikSahakari Bank Ltd, Jolarpet Co-operative Urban Bank Ltd, Limbasi Urban Co-operative Bank and the NBFC is Early Salary Services Private Ltd.
• The Reserve Bank imposed a monetary penalty of ₹4.00 lakh on Shree Lodra NagarikSahakari Bank Limited, Lodra, Dist. Gandhinagar, Gujarat for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’.
• the Shree Lodra NagarikSahakari Bank had (i) sanctioned a loan to a relative of one of its directors; (ii) sanctioned loans wherein relatives of its directors stood as guarantors; (iii) breached the prudential inter-bank gross exposure limit; and (iv) breached the prudential inter-bank counterparty exposure limit.
• The RBI imposed a monetary penalty of ₹3.50 lakh on MalpurNagarikSahakari Bank Limited, Malpur, Dist. Aravalli, Gujarat for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’.
• The Reserve Bank imposed a monetary penalty of ₹50,000 on the Jolarpet Co-operative Urban Bank Limited, Dist. Vellore, Tamil Nadu for non-compliance with the directions issued by RBI on ‘Board of Directors – UCBs’ read with the directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms/concerns in which they are interested’. The bank had extended loans to directors and their relatives
• The Reserve Bank imposed a monetary penalty of ₹25,000 on the Limbasi Urban Co-operative Bank Ltd., Limbasi, Dist. Kheda, Gujarat for non-compliance with the directions issued by RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are Interested’ read with the directions issued by RBI on ‘Loans and Advances to Directors etc. – Directors as surety/guarantors – Clarification’.
• The Reserve Bank imposed a monetary penalty of ₹3.20 lakh on Early Salary Services Private Limited, Pune for non-compliance with certain provisions of the “Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016″

---

3. Canara HSBC Life Insurance’s new guaranteed income plan is specifically designed for customers of which bank?
A) State Bank of India (SBI)
B) Punjab National Bank (PNB)
C) Karnataka VikasGrameena Bank (KVGB)
D) HDFC Bank
E) ICICI Bank
Correct Answer: C) Karnataka VikasGrameena Bank (KVGB)

• Canara HSBC Life Insurance has launched a new guaranteed income plan for the customers of Karnataka VikasGrameena Bank (KVGB).
• Launching Canara HSBC’s ‘Guaranteed Assured Income’ (GAIN) plan in Mangaluru
  the GAIN plan ensures guaranteed benefits and income for life. The plan not only offers an individual the opportunity to secure his/her life but also allows one to have regular income to take care of both long-term and short-term financial goals.
• KVGB has 629 branches in nine districts of Karnataka. Canara HSBC is an insurance company sponsored by Canara Bank and HSBC.

---

4. Which organization did IndusInd Bank collaborate with to introduce the ‘IndusInd Bank Platinum RuPay Credit Card,’ enabling customers to make payments through the RuPay network using POS devices and e-commerce websites?
A) Reserve Bank of India (RBI)
B) State Bank of India (SBI)
C) National Payments Corporation of India (NPCI)
D) Punjab National Bank (PNB)
E) ICICI Bank
Correct Answer: C) National Payments Corporation of India (NPCI)

• IndusInd Bank Ltd.’s shares were up by 0.24 per cent after the company launched ‘IndusInd Bank Platinum RuPay Credit Card’ in collaboration with the National Payments Corporation of India (NPCI), enabling customers to make payments through the RuPay network using POS devices and e-commerce websites.
• Additionally, customers can now link their credit cards with UPI-enabled apps to initiate UPI payments. This integration allows individuals to conduct transactions both online and offline, while also earning rewards on UPI transactions. Users can convert reward points into statement credit, air miles, or choose from various voucher options through IndusMoments.

---

5. How much funding has the World Bank pledged to support Himachal Pradesh’s ‘Green State’ vision?
A) USD 50 million
B) USD 100 million
C) USD 150 million
D) USD 200 million
E) USD 250 million
Correct Answer: D) USD 200 million

• In a significant move towards green energy expansion, the Government of India, the Government of Himachal Pradesh, and the World Bank have signed a USD 200 million project aimed at advancing power sector reforms in Himachal Pradesh
• The project will focus on increasing the share of renewable energy (RE) in the state’s electricity generation, aligning with Himachal Pradesh’s goal to add 10,000 megawatts of additional RE capacity.
• Himachal Pradesh is on a mission to become a ‘Green State’ by meeting all its energy needs through renewable and green energy sources by 2030. Currently, more than 80 per cent of the state’s energy demands are met through hydropower.
• The Himachal Pradesh Power Sector Development Program, backed by the World Bank, will aid the state in optimizing its existing RE resources, particularly hydropower, while diversifying its RE sources
• This includes the addition of 150 megawatts of solar capacity, expected to reduce greenhouse gas emissions by over 190,000 metric tons annually.
• The Program aims to improve environmental, social, financial management, corporate governance, and procurement capacities in Himachal Pradesh’s power sector. It will also create job opportunities in specialized technical and managerial fields, with a particular focus on women.
• The USD 200 million loan from the International Bank for Reconstruction and Development (IBRD) has a final maturity of 14.5 years, including a grace period of 4.5 years.
• The program promises a greener and more sustainable energy future for Himachal Pradesh and contributes to India’s broader renewable energy goals

---

6. Which organization has signed a statement of intent with HDFC Bank to foster innovation and entrepreneurship in food processing and allied sectors?
A) National Institute of Technology (NIT)
B) Indian Institute of Technology (IIT)
C) National Institute of Food Technology Entrepreneurship and Management (NIFTEM)
D) Indian Institute of Management (IIM)
E) National Institute of Agricultural Marketing (NIAM)
Correct Answer: C) National Institute of Food Technology Entrepreneurship and Management (NIFTEM)

• The National Institute of Food Technology Entrepreneurship and Management (NIFTEM), Kundli, and HDFC Bank have signed a statement of intent to nurture innovation and entrepreneurship in food processing and allied sectors.
• NIFTEM Kundli will shortly launch a special programme calling innovators and start-ups across the country, who have novel ideas in food processing technology and related areas, under this initiative.
• The selected start-ups will be offered incubation support at NIFTEM wherein HDFC Bank under its CSR initiative will provide seed funding grants for launching or scaling up their enterprise
• The initiative aims at partnering with government, corporates, venture funds, incubators & accelerators to provide scale-up support to the selected start-ups addressing issues in food and allied sectors, in turn benefiting all ecosystem players at large
• HDFC Bank expects to collaborate further with NIFTEM to explore promising opportunities in the food processing sector.
• The program will be executed by NIFTEM Technology Innovation and Business Incubation Foundation (NTIBIF), a section 8 company technology business incubator (TBI) established by NIFTEM to foster entrepreneurship in the food processing sector

---

7. Axis Bank signed an MoU with which organization to promote financial inclusion and literacy in India?
A) Reserve Bank of India (RBI)
B) Indian Institute of Management (IIM)
C) Indian Institute of Technology (IIT)
D) Institute of Rural Management Anand (IRMA)
E) State Bank of India (SBI)
Correct Answer: D) Institute of Rural Management Anand (IRMA)

• Just a few days ahead of “National Education Day” observed on November 11 every year, Axis Bank and the Institute of Rural Management Anand (IRMA) have entered into a Memorandum of Understanding (MoU)
• The idea behind entering the MoU is to establish the Axis Bank Chair for financial inclusion at IRMA. Established for five years, the Chair’s primary objectives include conducting research, fostering closer collaboration between the industry and academia, promoting thought leadership, and advocating for policy development.
• The Chair’s overarching goal is to enhance and expedite the advancement of financial inclusion (FI) and financial literacy in India.
• The Chair’s main goal is to lead and manage field-based research efforts that contribute to the development of national and state-level financial inclusion policies.
• This involves crafting financial inclusion strategies tailored to India’s needs, enhancing the banking sector’s capabilities in the realm of financial inclusion, organizing workshops, roundtables, and symposia, and providing educational courses at the Institute
• The partnership between Axis Bank and IRMA signifies a notable stride in heightening awareness and dedication of these organizations to advancing financial inclusion and financial literacy across all segments of Indian society

---

Acquisitions and Mergers – Daily Current Affairs November 07

8. What regulatory approval did Bharti Group receive for its buyout of AXA’s shareholding in Bharti AXA Life Insurance and Bharti Management Services?
A) SEBI approval
B) RBI approval
C) CCI approval
D) IRDAI approval
E) FIPB approval
Correct Answer: C) CCI approval

• The Competition Commission of India (CCI) has approved the acquisition of AXA’s 49 per cent shareholding in Bharti AXA Life Insurance Company Ltd (Bharti AXA Life) by Bharti Life Ventures Private Ltd (BLVPL).
• The acquisition of 49 per cent shareholding from AXA India Holdings would lead to Bharti Group through BLVPL gaining 100 per cent shareholding and therefore sole control in Bharti AXA Life.
• The CCI has also given its stamp of approval to another transaction involving the acquisition of 48.54% shareholding of Bharti Management Services Ltd (BMSL) by Bharti Enterprises Ltd (BEL) from Societe Be SocieteBeaujon, a subsidiary of AXA.
• This would take Bharti Group’s total shareholding in BMSL to 100 per cent and acquisition of BMSL’s sole control
• BLVPL is a private company incorporated in India. It is a holding company and has its sole investment in Bharti AXA Life.
• BEL is a public unlisted company incorporated in India. It is involved in the provision of management consultancy services.
• Bharti AXA Life Insurance is a public unlisted company incorporated in India. It is involved in the business of providing life insurance policies.
• The Competition Commission of India (CCI) has approved the proposed acquisition of 20.51 per cent equity stake in Indo Rama Synthetics (India) Limited (IRSL) by AlokeLohia, a promoter of IRSL, from Brookgrange Investment Limited.
• The Competition watchdog has also approved the transfer of 20.51 per cent equity shares of IRSL to Urmila Lohia, a promoter of IRSL, by AlokeLohia. The transfer would be done by way of gift.

---

Appointments – Daily Current Affairs November

9. Who has been appointed as Deputy Managing Directors (DMDs) of the National Bank for Agriculture and Rural Development (NABARD) by the central government?
A) Ramesh Kumar
B) Rajesh Sharma
C) Goverdhan Singh Rawat
D) Ajay Kumar Gupta
E) Anjali Verma
Correct Answer: C) Goverdhan Singh Rawat

• The central government has appointed Goverdhan Singh Rawat and Ajay Kumar Sood as Deputy Managing Directors (DMDs) of National Bank for Agriculture and Rural Development (NABARD).
• Rawat’s appointment is for five years from taking charge or until further orders, whichever is earlier, as per a Department of Financial Services (DFS) notification.
• Sood’s appointment is with effect from taking charge until his superannuation on August 31, 2027, or until further orders, whichever is earlier.
• Rawat and Sood were previously chief general managers in NABARD.
• The central government has appointed Prakash Kumar, serving as CGM, as DMD of Sidbi

---

10. Who has been appointed as the ‘UPI Safety Ambassador’ by the National Payments Corporation of India (NPCI) to enhance safety awareness on digital payment platforms?
A) Shah Rukh Khan
B) DeepikaPadukone
C) Ranveer Singh
D) Pankaj Tripathi
E) Alia Bhatt
Correct Answer: D) Pankaj Tripathi

• National Payments Corporation of India (NPCI) announced the appointment of acclaimed Bollywood actor Pankaj Tripathi as its ‘UPI Safety Ambassador’ to strengthen safety awareness on digital payment platforms
• The NPCI move follows the ongoing discussions regarding the safety and security of digital payment platforms, particularly the United Payments Interface (UPI).
• The digital payments ecosystem in India has also grown significantly in recent years, driven by a combination of government initiatives, an increase in internet and smartphone usage, and the rise of e-commerce.
• The digital payment ecosystem is supported by private players who offer a range of digital payment services.

---

Awards – Daily Current Affairs November 07

11. What recognition did the AIFF (All India Football Federation) receive for its efforts in grassroots football development?
A) AFC President’s Award
B) FIFA Fair Play Award
C) AFC President’s Recognition Bronze Medal
D) FIFA World Cup Trophy
E) AFC Grassroots Excellence Award
Correct Answer: C) AFC President’s Recognition Bronze Medal

• The All India Football Federation was honoured with the AFC President’s Recognition Bronze medal for its efforts in the grassroots level development of the sport in the country.
• It was AIFF’s second bronze medal in the category, having earned the same recognition back in 2014.
• The introduction of several grassroots football development plans, like the AIFF Blue Cubs programme, Blue Cubs coaching courses, Blue Cubs leagues, Blue Cubs football schools, AIFF Grassroots Awards, AIFF Institutional League for non-professional entities and AIFF Project Diamond have helped Indian football to a great extent

---

12. The Institute of Chartered Accountants of India (ICAI) was honored with a prestigious UN award for its notable contribution to what field?
A) Education and Training
B) Healthcare and Medical Research
C) Sustainability Reporting
D) Sports and Entertainment
E) Space Exploration and Technology
Correct Answer: C) Sustainability Reporting

• The Institute of Chartered Accountants of India (ICAI) for its initiative Sustainability Reporting Standards Board (SRSB) has been awarded the ISAR Honours 2023 by the UNCTAD (United Nations Conference on Trade and Development) working group on International Standards for Accounting and Reporting (ISAR).
• ICAI’s initiative SRSB received the highest score in this year’s ISAR HONORS session among 70 initiatives from around the world.
• ICAI has also received UNCTAD ISAR Chair for the 40th session, second consecutive session and CA. (Dr.) Sanjeev Kumar Singhal, Central Council Member from ICAI chaired the UNCTAD ISAR session during the World Investment Forum being held from 16-20 October 2023 in Abu Dhabi.
• ISAR Honours recognizes policy, institutional and capacity-building initiatives to encourage and assist enterprises to publish data on their contribution to the implementation of the 2030 Agenda for Sustainable Development and facilitate good practices in this area
• ICAI has been active in enforcing sustainability guidelines with the SDGs Agenda at its core.
• In 2022, ICAI formed a Section 8 Company – ‘The Institute of Social Auditors of India (ISAI)’, with a prime objective of fostering proficient, ethical and world-class social auditors, profession responding to the needs and expectations of the stakeholders.
• ICAI also issued 16 audit standards on social audits across 16 thematic focus areas, making India the first country in the world to have social impact assessment standards

---

Science and Technology – Daily Current Affairs November 07

13. What did IIT Kanpur establish to focus on monitoring air quality?
A) A Center of Excellence for Renewable Energy
B) A Center of Excellence for Space Research
C) A Center of Excellence for Advanced Materials
D) A Center of Excellence for Monitoring Air Quality
E) A Center of Excellence for Cybersecurity
Correct Answer: D) A Center of Excellence for Monitoring Air Quality

• The Indian Institute of Technology Kanpur (IITK) established a Center of Excellence (CoE) named ATMAN (Advanced Technologies for Monitoring Air-quality iNdicators).
• The CoE is a step towards the AtmaNirbhar Bharat initiative, focusing on building indigenous low-cost sensor manufacturing and Artificial Intelligence (AI)/Machine Learning (ML) capabilities to enhance air quality across urban and rural areas of the country.
• It aims to translate sustainable technologies and business models into practical products and services accessible to millions globally.
• It also aims to address critical air quality challenges with cutting-edge technology
  The ambient air quality monitoring of rural areas using indigenous technology AMRIT is a flagship project that will deploy a sensor ambient air quality monitor (SAAQM) network with 1,400 nodes across rural areas in Bihar and UP.
• This initiative is the first of its kind to monitor air quality comprehensively in these regions, where data has been limited to cities and towns. The team will work with the authorities of Bihar and UP on AMRIT to enhance air quality action in these states
  The Dynamic Hyper-local Source Apportionment (DHSA) is a cost-effective approach to source apportionment that is being pioneered in Lucknow and Kanpur in UP and will enable authorities to make decisions in their air quality action planning.

---

National Affairs – Daily Current Affairs November 07

14. From which location did India successfully test-fire its surface-to-surface short-range ballistic missile (SRBM) ‘Pralay’?
A) Pokhran, Rajasthan
B) Chandipur, Odisha
C) Sriharikota, Andhra Pradesh
D) Abdul Kalam Island, Odisha
E) Thumba, Kerala
Correct Answer: D) Abdul Kalam Island, Odisha

• India successfully test-fired its surface-to-surface short-range ballistic missile (SRBM) ‘Pralay’ from the Abdul Kalam Island off the Odisha coast
• The missile has been developed by the Defence Research and Development Organisation (DRDO) in view of the country’s defence requirements along its borders with neighbouring China and Pakistan
• The missile, launched around 9.50 am, met all its mission objectives, the official said, adding that a battery of tracking instruments monitored its trajectory along the coastline.
• ‘Pralay’ is a 350-500 km short-range, surface-to-surface missile with a payload capacity of 500-1,000 kg. The solid-fuel, battlefield missile is based on the Prithvi Defence Vehicle.

---

15. Which organizations collaborated to develop “Krishi 24/7,” an automated agricultural news monitoring system?
A) NASA and WHO
B) RBI and UNESCO
C) DA&FW and Wadhwani AI
D) ISRO and UNICEF
E) NITI Aayog and ICMR
Correct Answer: C) DA&FW and Wadhwani AI

• Department of Agriculture and Farmers Welfare (DA&FW) in collaboration with Wadhwani Institute for Artificial Intelligence (Wadhwani AI) developed Krishi 24/7, the first-ever AI-powered solution for automated agricultural news monitoring and analysis, with support from Google.org.
• Krishi 24/7 will aid DA&FW to identify relevant news, generate timely alerts, and take prompt action to protect farmers’ interests and promote sustainable agricultural growth through improved decision-making.
• The introduction of Krishi 24/7 addresses the need for an efficient mechanism to identify and manage agricultural news articles of interest to aid timely decision-making.
• The tool scans news articles in multiple languages and translates them into English.
• It extracts essential information from news articles, such as headline, crop name, event type, date, location, severity, summary, and source link, ensuring that the ministry receives timely updates on relevant events published on the web.

---

16. Who led the Punjab cabinet in approving the One Time Settlement scheme for setting the pre-GST arrears of traders?
A) Parkash Singh Badal
B) Amarinder Singh
C) Manohar Lal Khattar
D) Bhagwant Mann
E) Yogi Adityanath
Correct Answer: D) Bhagwant Mann

• Punjab cabinet led by Chief Minister Bhagwant Mann approved the One Time Settlement scheme that will set the pre-GST arrears of the traders
• Punjab Cabinet led by Chief Minister Bhagwant Mann gave approval for introducing the Punjab One Time Settlement (OTS) Scheme for settlement of pre-GST arrears thereby benefitting more than 60,000 traders
• The Cabinet also gave its nod to start MukhyemantriTirathYatra scheme and also to double the Ex-Gratia grant of disabled soldiers.

---

17. Which branch of the Indian military successfully conducted the firing of New Generation Rocket and Turret ammunition from the Rudra platform?
A) Indian Navy
B) Indian Air Force
C) Indian Army’s Spear Corps
D) Indian Coast Guard
E) National Security Guard
Correct Answer: C) Indian Army’s Spear Corps

• The Spear corps warriors of the Indian Army successfully fired the New Generation Rocket and Turret ammunition from Rudra- The First Indigenous Attack Helicopter
• Last year, the Indian Army and the Indian Air Force (IAF) had conducted two successful tests of the HELINA missile within a period of 24 hours.
• The HELINA missile was tested by launching it from the newly-acquired Light Combat Helicopter (LCH)
• The HELINA missile was tested at a higher altitude and range.
• Earlier a week ago, the Indian Army had successfully carried out the inaugural firing of 70mm rocket and 20mm turret guns of light combat helicopter (LCH) Prachand

---

18. IREDA recently introduced a CSR portal to enhance transparency in CSR initiatives. What does CSR stand for in this context?
A) Centralized Service Registry
B) Corporate Social Responsibility
C) Customer Satisfaction Reporting
D) Cooperative Sustainability Resource
E) Commercial Sector Reform
Correct Answer: B) Corporate Social Responsibility

• Indian Renewable Energy Development Agency (IREDA), a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, has launched a Corporate Social Responsibility (CSR) portal for enhancing transparency in its CSR initiatives.
• The portal will facilitate transparency in receipt and disposal of CSR requests from various organizations and institutions. It will be accessible to all 24×7, with a CSR policy and proposal checklist for examination of CSR requests.
• The portal will also contribute to the more efficient execution of IREDA’s social welfare initiatives as part of its CSR efforts, making them readily available to the public.
• Developed by IREDA’s IT team, the portal can be easily accessed here: https://onlinela.ireda.in/OnlineCSR/
• The portal was launched during the valedictory function of “Vigilance Awareness Week 2023”, held at the company’s registered office in Delhi. Dr. Praveen Kumari Singh, Additional Secretary, Central Vigilance Commission (CVC), launched the CSR portal in the august presence of Chairman and Managing Director (CMD) of IREDA Shri Pradip Kumar Das; Chief Vigilance Officer, Shri Ajay Kumar Sahani, and other senior officials.

---

19. The Odisha government has recently signed Memorandums of Understanding (MoUs) with three entities to facilitate the development of an ecosystem for the manufacturing of:
A) Textiles and Garments
B) Pharmaceuticals and Healthcare
C) Semiconductors
D) Renewable Energy Solutions
E) Aerospace and Defense Equipment
Correct Answer: C) Semiconductors

• The Odisha government has signed MoUs with three entities to build an ecosystem for the manufacturing of semiconductors
• The government inked the three memoranda of understanding with India Electronic and Semiconductor Association (IESA), global semiconductor giant Synopsys and Electronics and Computer Software Export Promotion Council (ESC).
• According to the agreement with IESA, the association will facilitate the Odisha government in developing capacity-building programmes and promoting the semiconductor ecosystem through events and conceptualisation of knowledge materials
• The MoU with Synopsys will involve collaboration in areas such as the O-Chip programme, talent transformation, workforce development, readiness assessment of the state in semiconductors and the very large-scale integration (VLSI) domains, and internship and placement assistance to students of Odisha’s engineering institutions
• The third MoU with ESC will promote electronics and IT/ITeS exports from the country.
• The government successfully hosted Odisha4Silicon-2023, a pioneering initiative to build a robust semiconductor ecosystem in the region.
• The event also witnessed the launching of the pan-India Design Challenge under O-Chip organised by Electropreneur Park, Bhubaneswar.
• In addition to the MoUs, there are other initiatives, like the launching of the IESA Odisha Chapter, and the Campus Connect Programme which aims at fostering innovation, skill development, and industry-academia collaborations in the state
• The state electronics and IT minister said Odisha has notified its ‘Semiconductor Manufacturing and Fabless Policy 2023’, which is offering the most competitive and comprehensive bouquet of incentives to investors.
• The state has also launched the Odisha Semiconductor Fab and Fabless Innovation and Acceleration Programme (O-Chip) to catalyze the development of an ecosystem in the state

---

---

Over All Review

DOWNLOAD TODAY’S CURRENT AFFAIRS PDF – CLICK HERE

You Must Also Read Daily Current Affairs November 06