Daily Current Affairs November 15

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 15. 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 15| Daily Current Affairs 2023

Obituary – Daily Current Affairs November 15

1. Which business group Chief, Subrata Roy who passed away recently?
A) Reliance Industries
B) Adani Group
C) Tata Group
D) Birla Group
E) Sahara Group
Answer: E) Sahara Group

• Sahara Group chief Subrata Roy died due to a cardiorespiratory arrest in Mumbai after a prolonged illness. He was 75.
• Under his leadership, Sahara sponsored the Indian cricket and hockey teams and owned a Formula One racing team.
• Roy was arrested in 2014 on the orders of the Supreme Court after he failed to appear before it in a contempt case arising out of non-refund of more than Rs 20,000 crore to investors by two of his companies.
• Two Sahara Group companies Sahara India Real Estate Corporation (SIRECA) and Sahara Housing Investment Corporation raised funds in 2007-08 through a debenture instrument OFCD.
• Later in June 2011, the regulator asked the two group entities to refund money collected from investors through Optionally Fully Convertible Debentures (OFCD) along with the return.

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2. Sankaraiah passed away recently, is related to ______
A) Scientist
B) Freedom Fighter
C) Business Tycoon
D) Sports Icon
E) Bollywood Actor
Answer: B) Freedom Fighter

• Freedom fighter, veteran of the Communist movement and senior CPI (M) leader N Sankaraiah died at the age of 101.
• He was the Tamil Nadu State Secretary of the CPI (M) from 1995 to 2002 and he had also been the chief of the state committee of the farmers body. One of the tallest leaders of the Left movement in the country.

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Banking and Finance – Daily Current Affairs November 15

3. Which two products were specifically mentioned by the RBI in its directive to Bajaj Finance?
A) Home Loans and Car Loans
B) Personal Loans and Business Loans
C) eCOM and Insta EMI Card
D) Fixed Deposits and Mutual Funds
E) Credit Cards and Overdraft Facilities
Answer: C) eCOM and Insta EMI Card

• The Reserve Bank of India (RBI) has directed Bajaj Finance to stop disbursing loans through two of its lending products “eCOM” and “Insta EMI Card” with immediate effect.
• The order has been issued due to “non-adherence” to the extant provisions of RBI’s digital lending guidelines.
• The Pune-headquartered Bajaj Finance has emerged as one the leading NBFCs, with the company reporting a net profit of ₹3,550.8 crore in the quarter ending September 2023, higher by 28 percent as compared to ₹2,781 crore in the year-ago period.
• The NBFC’s non-adherence to the norms particularly includes the non-issuance of Key Fact Statements to the borrowers under these two lending products and the deficiencies in the Key Fact Statements issued in respect of other digital loans sanctioned by the company.
• The restriction imposed on the two lending products will be “reviewed upon the rectification of the said deficiencies to the satisfaction of RBI“.
• The guidelines comprise norms to protect borrowers, and digital lending platforms, including banks and NBFCs, are required to comply with them.

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4. IDBI Bank has extended the validity of special fixed deposit (FD) scheme named _______
A) Super Saver FD
B) Diamond Deposit Scheme
C) Platinum Plus FD
D) Amrit Mahotsav FD
E) Golden Opportunity Scheme
Answer: D) Amrit Mahotsav FD

• IDBI Bank has extended the validity of special fixed deposit (FD) schemes.
• In July, IDBI introduced a special FD scheme called Amrit Mahotsav FD for a tenure of 375 and 444 Days. It has extended these special fixed deposit deadlines to December 31 from the earlier October 31 deadline.

IDBI Amrit Mahotsav FD scheme’s latest interest rates:

• On a special maturity bucket of 375 days, IDBI Bank offers an interest rate of 7.10% for the general public and 7.60% for senior citizens.

IDBI Bank revises fixed deposit rates:

• IDBI Bank has revised interest rates on its term deposits. As per the bank’s website, these rates are effective from November 12, 2023.
• IDBI Bank offers an interest rate ranging from 3% to 7% on FDs maturing in seven days to five years to general customers, and 3.5% to 7.5% to elderly people.

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5. Which of the following bank has implemented a UPI Lite for convenient digital transactions?
A) IDBI Bank
B) Federal Bank
C) SBI
D) Axis Bank
E) ICICI Bank
Answer: B) Federal Bank

• Federal Bank, a pioneer in banking innovation, launches UPI Lite, which will power small-value digital transactions in India.
• NPCI introduced UPI Lite a simplified version of the Unified Payments Interface (UPI) system to cater to the growing demand for faster and more efficient small-value payments.
• The benefits of UPI Lite for Customers include a reduction in transaction time, a ready-to-access bank statement, a higher payment success rate, and enhanced security. A UPI lite account can be created within the existing UPI app without downloading a new app.
• UPI Lite is an ‘on-device wallet’ feature integrated into existing UPI apps. It enables users to make real-time small-value payments without the need for a UPI PIN. By facilitating direct transactions between the user’s mobile device and NPCI, UPI Lite alleviates stress on the core banking system.

Transaction Limits in UPI Lite:

• Per Transaction Limit: Up to ₹500
• Maximum Cumulative Usage per Day: ₹4,000
• Maximum Balance in UPI LITE Account: ₹2,000

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6. How many firms, including IndusInd Bank and Suzlon Energy, were added to the MSCI India Index?
A) Six
B) Eight
C) Nine
D) Eleven
E) Fourteen
Answer: C) Nine

• As many as nine firms, including APL Apollo Tubes, IndusInd Bank, Macrotech Developers, One 97 Communications (Paytm’s parent firm), Persistent Systems, Polycab India, Suzlon Energy, Tata Communications and Tata Motors will be added to the MSCI India index, according to an update announced by index compiler MSCI.
• Shares of Suzlon Energy jumped 4.79 per cent, One 97 Communications rallied 2.90 per cent, Tata Motors climbed 2.84 per cent, Persistent Systems (0.61 per cent) and Macrotech Developers (0.37 per cent) on the BSE.
• However, the stock of IndusInd Bank fell 1.05 per cent, Tata Communications lost 1.26 per cent, APL Apollo Tubes dipped 0.90 per cent, and Polycab India skidded 0.04 per cent.
• MSCI Global Standard Index is widely used by global fund houses for benchmarking global equities portfolios.

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7. What is the purpose of the collaboration between Paytm and Amadeus?
A) Agricultural Technology
B) Healthcare Innovation
C) Financial Inclusion
D) Travel Experience with AI
E) Renewable Energy Solutions
Answer: D) Travel Experience with AI

• One97 Communications, which owns Paytm brand, announced a partnership with Amadeus, under which it will integrate Amadeus’ travel platform and optimise travel experience from search to booking, and payment.
• This partnership brings together Paytm’s vast user base and Amadeus’s expertise to provide travellers with a more seamless and efficient booking experience for the next three years.
• Paytm has partnered with global travel technology company Amadeus to redefine travel experience with Artificial Intelligence.
• Under this collaboration, the company will integrate Amadeus’s expansive travel platform, enhancing the travellers’ experience from search to booking, and finally to payment.
• This partnership aimed at cementing its position as the premier travel provider in India.
  Paytm’s integration with Amadeus APIs ensures that travellers have access to a diverse range of payment options, including the convenience of UPI, the flexibility of the Paytm wallet and Postpaid, and the assurance of a safe and secure payment gateway.

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Appointments – Daily Current Affairs November 15

8. Which bank has signed shuttler H S Prannoy for an exclusive collaboration?
A) HDFC Bank
B) ICICI Bank
C) Axis Bank
D) Kotak Mahindra Bank
E) Federal Bank
Answer: E) Federal Bank

• Federal Bank collaborates with India’s Top Seeded Shuttler, H.S. Prannoy.
• H.S. Prannoy is current world number eight and a recipient of the men’s singles bronze medal in the recent Asian Games.
• The Bronze was won by Prannoy, 41 years after Syed Modi won it at the Asian Games.
• Via this brand new alliance, Federal Bank has been named the exclusive banking partner of Prannoy.
• Prannoy will proudly display the Federal Bank logo during his participation in prestigious Badminton World Federation (BWF) events, such as the BWF Super Series, BWF Gold Series, and the BWF World Badminton Championship.

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Science and Technology – Daily Current Affairs November 15

9. Which company has signed a contract with Airbus to produce components of A320, A330neo, and A350?
A) Boeing
B) Aequs
C) Embraer
D) Lockheed Martin
E) Bombardier
Answer: B) Aequs

• Aequs Pvt. Ltd an Aerospace components maker based in Karnataka’s Belgaum, announced that it had signed a contract with aircraft maker Airbus for the supply of components for its single-aisle family of aircraft, the A320, A330neo and A350 over a period of 10 years.
• According to the agreement, Aequs will manufacture parts for the single-aisle family of aircraft, including parts with bench assembly for wings, fuselage, and pylons.
• The contract was signed by Gunnar Hansen, Head of Strategic Procurement, Detail Parts, Airbus Aerostructures, and Nils Witt, Chief Procurement Officer, Airbus Aerostructures, and Mohamed Bouzidi, President Aerospace, Aequs at Belagavi in Karnataka recently.
• Airbus also signed contracts with Dynamatic, Gardner and Mahindra Aerospace for the supply of airframe and wing parts across Airbus’ A320neo, A330neo, and A350 programs.
• Airbus has already procured components and services amounting to $750 million every year from India. The company expects the latest rounds of contracts to add significantly to those volumes. Together with its supply chain, Airbus supports nearly 10,000 jobs in India. By 2025, this number should rise to about 15,000.

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10. Which company launched its 29th cargo mission to the International Space Station (ISS)?
A) NASA
B) Roscosmos
C) SpaceX
D) Blue Origin
E) Boeing
Answer: C) SpaceX

• SpaceX’s 29th robotic cargo mission to the International Space Station successfully lifted off from the Iconic Pad 39 at the Kennedy Space Center (KSC) in Florida EDT (Eastern Daylight Time).
• The CRS-29 Dragon launched atop a Falcon 9 rocket from NASA’s Kennedy Space Center (KSC) in Florida.
• The Falcon’s first stage made a successful landing at Cape Canaveral Space Force Station’s Landing Zone 1 (LZ-1). The launch marked the second flight for the stage, which previously launched Crew-7.
• CRS-29 is the 29th robotic resupply mission that SpaceX is flying to the orbiting lab for NASA.
• CRS (Commercial Resupply Services) Dragon is carrying more than 6,500 pounds (2,950 kilograms) of supplies and scientific hardware on this run, including NASA’s AWE and ILLUMA-T experiments.
• AWE (Atmospheric Waves Experiment) will study gravity waves, disturbances in Earth’s atmosphere akin to the waves created when a pebble plunks into a pond. (Gravity waves are very different than gravitational waves, which are ripples in the fabric of space-time caused by the acceleration of massive objects such as black holes and neutron stars).
• ILLUMA-T (Integrated Laser Communications Relay Demonstration Low Earth Orbit User Modem and Amplifier Terminal) will test high-speed communications in collaboration with NASA’s Laser Communications Relay Demonstration (LCRD) mission, which launched in December 2021.
• Dragon will spend about a month docked to the ISS on CRS-29, then come back to Earth with about 3,800 pounds (1,724 kg) of cargo.

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International Affairs – Daily Current Affairs November 15

11. Where will the ASEAN Defence Ministers’ meeting take place?
A) Thailand
B) Malaysia
C) Vietnam
D) Indonesia
E) Philippines
Answer: D) Indonesia

• Defence Minister Rajnath Singh will be in Jakarta for two days to attend the 10th ASEAN Defence Ministers’ Meeting-Plus (ADMM-Plus), and address the forum on regional and international security issues.
• On the sidelines of the highest defence consultative and cooperative mechanism in ASEAN, ADMM-Plus, Rajnath Singh will hold bilateral meetings with the Defence Ministers of the participating 18 countries and discuss defence cooperation matters to further strengthen mutually-beneficial engagements.
• The ADMM-Plus is a platform for the ASEAN member States Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam and its eight Dialogue Partners India, US, China, Russia, Japan, South Korea, Australia and New Zealand to strengthen security and defence cooperation.
• The ADMM-Plus progresses practical cooperation amongst member countries through seven Experts Working Groups (EWGs) named maritime security, military medicine, cyber security, peacekeeping operations, counter-terrorism, humanitarian mine action and humanitarian assistance and disaster relief (HADR).
• Since 2017, the ADMM-Plus Ministers have been meeting annually to bolster the cooperation amongst the ASEAN and the Plus countries.

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12. Which state will host the 9th India International Science Festival?
A) Punjab
B) Haryana
C) Gujarat
D) Tamil Nadu
E) Maharashtra
Answer: B) Haryana

• The 9th edition of the India International Science Festival (IISF) 2023 will be held at Faridabad in Haryana from January 17-20 2024.
• India’s mega science fair will be held at the Campus of Translational Health Science and Technology Institute (THSTI) and Regional Centre for Biotechnology (RCB) of the Department of Biotechnology in Faridabad.
• The theme of the present edition is ‘Science and Technology Public Outreach in Amrit Kaal’. IISF 2023 aims to provide a platform for inspiring the public at large and individuals with diverse levels of interests like students, educators, scientists, researchers, industry professionals, entrepreneurs and science communicators.
• IISF 2023 will have a total of 17 themes to showcase scientific achievements offering diverse benefits to participants and the general public.
• The event holds an interface among all stakeholders through various activities such as seminars by national and international experts, interactions with speakers, exhibitions, competitions, workshops, knowledge-sharing activities, and technology shows.
• The IISF is dedicated to fostering creativity in Science, Technology and Innovation for the advancement of prosperous India.
• This event was initiated under the visionary leadership of Prime Minister Narendra Modi through collaborative efforts of the Ministry of Science and Technology and the Ministry of Earth Sciences in association with Vijnana Bharati.
• Since 2015, the IISF has hosted eight editions in different geographical regions of India and expanded as a mega science festival. In 2021, the Department of Space and the Department of Atomic Energy became an integral part of IISF.

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13. Which countries recently inked a pact to increase cooperation among startups and promote innovation?
A) India and China
B) India and Russia
C) India and USA
D) USA and China
E) USA and Russia
Answer: C) India and USA

• India and the US have signed an agreement to promote innovation through increasing cooperation among startups, address regulatory hurdles, and share best practices on fundraising by entrepreneurs.
• The Memorandum of Understanding (MoU) enhancing innovation ecosystems through an innovation handshake under the framework of India-US Commercial Dialogue was signed in San Francisco, during the visit of Commerce and Industry Minister Piyush Goyal is in San Francisco.
• The MoU is signed with the objective to connect the two sides’ dynamic startup ecosystems, address specific regulatory hurdles to cooperation, share information and best practices for startup fundraising and promote innovation and job growth, particularly in critical and emerging technologies (CET) as identified under India-US initiative for Critical and Emerging Technology (iCET).
• The MoU strengthen the startup ecosystem in deep tech sectors and promote cooperation in Critical and Emerging Technologies.
• Two events are scheduled to take place in India and the US in early 2024, which include an investment forum aimed toward helping startup companies of the countries take their ideas and products to market and a hackathon in Silicon Valley where US and Indian startups will pitch ideas and technologies to help address global economic challenges.
• The dialogue is a cooperative undertaking at the ministerial level between India and the US to facilitate regular discussion to deepen ties between business communities, encompassing regular government-to-government meetings to be held in conjunction with private sector meetings, with an aim to facilitate trade and maximise investment opportunities.

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14. What is the significance of India joining IPEF in terms of global supply chain resilience?
A) Strengthening Environmental Policies
B) Enhancing Military Capabilities
C) Improving Healthcare Infrastructure
D) Bolstering Economic and Trade Resilience
E) Advancing Space Exploration
Answer: D) Bolstering Economic and Trade Resilience

• India has joined the United States and 12 other Indo-Pacific Economic Framework for Prosperity (IPEF) partners to ink the IPEF supply chain resilience agreement, which Union Minister Piyush Goyal will “fortify and strengthen” global supply chains.
• India and the US are among the 14 supply chain resilience partners of IPEF along with Australia, Brunei Darussalam, Fiji Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam.
• This global supply chain resilience agreement is seen as a counter to reducing massive reliance on China, particularly after severe supply disruptions after the Covid shock.
• Under the proposed agreement, the IPEF partners seek to provide a framework to build their collective understanding of significant supply chain risks; improve crisis coordination and response to supply chain disruptions.
• It will also seek to ensure that worker and the businesses, especially micro-, small-, and medium-sized enterprises benefit from resilient, robust, and efficient supply chains; ensure the availability of a sufficient number of skilled workers in critical sectors and key goods, including by upskilling and reskilling workers, among others.

Shri Piyush Goyal participates in the 3rd in-person Ministerial meeting of the Indo-Pacific Economic Framework (IPEF):

• Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Piyush Goyal participated in the third in-person IPEF Ministerial meeting.
• During this Ministerial meeting, the first-of-its-kind IPEF Supply Chain Resilience Agreement was signed by the Minister along with the Ministers from other IPEF partner countries to make IPEF supply chains more resilient, robust, and well-integrated, and contribute towards economic development and progress of the region as a whole.
• During these Ministerial meetings, the Minister, inter-alia, discussed bilateral collaboration on trade, commerce and investment, enhanced business engagements, WTO matters, and other issues of mutual interest.
• The Minister and the US Secretary of Commerce co-chaired a kick-off industry roundtable titled, “Decoding the “Innovation Handshake”: US-India Entrepreneurship Partnership” which was co-hosted by the U.S.-India Business Council (USIBC) and the Confederation of Indian Industry (CII) and supported by National Association of Software and Service Companies (NASSCOM) and Startup India.
• The interaction was organized by the Consulate General of India in San Francisco in collaboration with IIT Alumni & TIE Global.

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National Affairs – Daily Current Affairs November 15

15. PM Modi launched PM PVTG (Particularly Vulnerable Tribal Groups) Development Mission, a _______ scheme to ensure holistic development of an estimated 28 lakh tribal population.
A) Rs 25,000 crore
B) Rs 21,000 crore
C) Rs 24,000 crore
D) Rs 28,000 crore
E) Rs 20,000 crore
Answer: C) Rs 24,000 crore

• Prime Minister Narendra Modi launched PM PVTG (Particularly Vulnerable Tribal Groups) Development Mission, a ₹24,000-crore scheme to ensure holistic development of an estimated 28 lakh tribal population.
• Modi also released the 15th PM-Kisan instalment of ₹2,000 each to over 9 crore farmers across the country.
• At a function in Jharkhand on the occasion of Jan Jaatiya Gaurav Divas, Modi released ₹18,610 crore, including ₹16,220 crore towards 8.11 crore farmers, as the 15th instalment for the August-November period, which was due since August 1, about ₹2,390 crore arrears from previous instalments were also released.
• Announcing the PM PVTG Development mission is under the PM Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN), the government would reach out to tribal groups and primitive tribes most of whom still dwell in the forests.
• The Prime Minister also announced that four pillars — women power or Nari Shakti, farmers, youth and neo-middle class and poor are to be strengthened if India is to be made a developed country by 2047.
• Launching the ‘Viksit Bharat Sankalp Yatra’, which culminate on January 26 2024, the government will go to every village of the country in mission mode and will make every poor and deprived person a beneficiary of government schemes.

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16. Which City will host the 2nd National Spice Conference?
A) Mumbai
B) Hyderabad
C) Chennai
D) New Delhi
E) Lucknow
Answer: B) Hyderabad

• World Spice Organization (WSO) is set to host the 2nd National Spice Conference (NSC) in Hyderabad on November 18th and 19th.
• As the technical partner of the All-India Spices Exporters Forum (AISEF), WSO aims to provide a crucial platform for discussions within the Indian spice industry, fostering collaboration between farmer producers, FPOs, and Spice Manufacturers and Traders.
• WSO is organizing the conference in collaboration with GIZ and IDH- the Sustainable Trade Initiative and Rainforest Alliance is the sustainability partner for this event.
• The theme of the event is “Food Safe Spices: The Way Forward to a Stable & Sustainable Income.” The conference will comprehensively address all nodes and aspects of the spice supply chain, offering a 360° perspective on food safety and its positive impacts on income and profit. Distinguished speakers from regulatory authorities, spice, and allied industries will contribute their insights to the sessions.

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17. Which state has signed a MoU with AMNS India to establish Kho Kho High Performance Centre?
A) Punjab
B) Haryana
C) Gujarat
D) Tamil Nadu
E) Odisha
Answer: E) Odisha

• Bhubaneswar: In order to promote Kho Kho talents, Odisha government has signed an MoU with Arcelor Mittal Nippon Steel (AM/NS) India to establish a high-performance centre at Kalinga Stadium in Bhubaneswar.
• Minister for Sports and Youth Services Tusharkanti Behera and secretary Vineel Krishna from Odisha government and Keiji Kubota and Suparna Nanda from AM/NS India signed the Memorandum of Understanding (MoU) in presence of Chief Minister Naveen Patnaik.
• Speaking on the occasion, the Chief Minister said, “We want to support our indigenous sports like Kho Kho. This partnership with AMNS to establish the Kho Kho high-performance centre (HPC) will set a new benchmark for support towards Indian sports.” Chairman of 5T and Nabin Odisha VK Pandian was present.
• Under the agreement, Odisha will extend infrastructure support, while AMNS India has committed to provide experienced and dedicated coaches of Kho Kho to train the talented youths.
• On the initiative of the government, several HPCs has been established at the Kalinga Stadium and the Kho Kho HPC will be an added facility.

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Over All Review

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