Daily Current Affairs November 24

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 24. 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 24| Daily Current Affairs 2023

Sports – Daily Current Affairs November 24

1. When is the scheduled duration for the Khelo India Para Games?
A) 5th to 12th December
B) 8th to 15th December
C) 10th to 17th December
D) 12th to 19th December
E) 15th to 22nd December
Answer: C) 10th to 17th December

• Anurag Singh Thakur, Union Minister of Youth Affairs and Sports, announced the first-ever Khelo India Para Games which will be held in New Delhi from 10th December to 17th December.
• A total of 7 disciplines including para athletics, para shooting, para archery, para football, para badminton, para table tennis, and para weight lifting will be held across 3 Sports Authority of India stadiums – the Indira Gandhi Stadium, Shooting Range in Tughlaqabad, and the Jawarhalal Nehru Stadium.
• Over 1350 participants from across 32 states and union territories including the Services Sports Control Board are expected to participate in the maiden Khelo India Para Games
• A total of 11 Khelo India Games held since 2018 – 5 Khelo India Youth Games, 3 Khelo India University Games, and 3 Khelo India Winter Games have been conducted.
• Note: Indian para athletes won 111 medals at the recently concluded Asian Para Games in Hangzhou, China.

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Obituary – Daily Current Affairs November 24

2. What notable achievement is associated with Justice Fathima Beevi’s career?
A) Winning the Nobel Peace Prize
B) Establishing a prominent law firm
C) Pioneering women’s education in India
D) Serving as the first woman judge in the Supreme Court
E) Founding a charitable organization for children’s welfare
Answer: D) Serving as the first woman judge in the Supreme Court

• Justice Fathima Beevi, the first woman judge in the Supreme Court and former governor of Tamil Nadu, passed away at the age of 96.
• She was born in Pathanamthitta on April 30, 1927, and had an illustrious career as a lawyer and judge.
• Beevi served as a high court judge and was appointed to the Supreme Court in the period of (1989 – 1992), becoming the first woman judge in Asia to hold such a position.
• She was one among those selected for the first Kerala Prabha award instituted by the state government.
• After her retirement as SC judge, Beevi was appointed as Tamilanadu governor in 1997 and she resigned her post in 2001.

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Banking and Finance – Daily Current Affairs November 24

3. What is the likely purpose of Karnataka Bank’s partnership with Bajaj Allianz Life Insurance?
A) Expanding into the real estate market
B) Enhancing customer banking experience
C) Diversifying into the agricultural sector
D) Promoting luxury lifestyle products
E) Providing life insurance products to customers
Answer: E) Providing life insurance products to customers

• Karnataka Bank Ltd’s shares were up by 0.05 per cent after the company entered into a corporate partnership with Bajaj Allianz Life Insurance Co Ltd, to distribute life insurance products to its customer base.
• The collaboration aims to capitalise on Bajaj Allianz Life’s product expertise and Karnataka Bank’s distribution network of over 900 branches.
• Keypersons: Srikrishnan H, MD & CEO of Karnataka Bank, Tarun Chugh, MD & CEO of Bajaj Allianz Life Insurance

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4. What is the total amount of monetary penalty imposed by the RBI on the three banks collectively?
A) Rs 5.34 crore
B) Rs 7.34 crore
C) Rs 9.34 crore
D) Rs 10.34 crore
E) Rs 12.34 crore
Answer: D) Rs 10.34 crore

• The Reserve Bank of India (RBI) has imposed a monetary penalty aggregating ₹10.34 crore on three banks —Citibank NA (₹5 crore), Bank of Baroda (₹4.34 crore) and Indian Overseas Bank (₹1 crore) —for non-compliance with some of its Directions.
• Citibank (i) failed to credit the eligible amount to the Depositor Education and Awareness Fund within the prescribed period, (ii) paid remuneration in the form of commission to its certain staff members and (iii) outsourced monitoring and disposal/closure (decision-making function) of AML (Anti-Money Laundering) alerts to a Group company
• BoB failed to ensure accuracy and integrity of data on large exposures submitted to RBI with respect to some accounts; sanctioned a term loan to a Corporation (a) in lieu of or to substitute budgetary resources envisaged for certain projects; (b) without undertaking due diligence on the viability and bankability of the projects to ensure that revenue streams from the projects were sufficient to take care of the debt servicing obligations; and (c) the repayment / servicing of which was made out of budgetary resources.
• IOB sanctioned term loans to two Corporate entities (i) instead of or to substitute budgetary resources envisaged for certain projects; (ii) without undertaking due diligence on the viability and bankability of the projects to ensure that revenue streams from the projects were sufficient to take care of the debt servicing obligations; and (iii) the repayment/servicing of which was made out of budgetary resources.
• Further, the public sector bank sanctioned a term loan to another Corporate entity (i) without undertaking due diligence on the viability and bankability of the projects to ensure that revenue streams from the projects were sufficient to take care of the debt servicing obligations and (ii) the repayment/servicing of which was made out of budgetary resources.

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Business and Economy – Daily Current Affairs November 24

5. What is the total amount of India’s Forex reserves after the reported increase?
A) $590.320 billion
B) $595.397 billion
C) $600.077 billion
D) $605.397 billion
E) $610.077 billion
Answer: B) $595.397 billion

• Forex reserves of India have increased by $5.077 billion, reaching a total of $595.397 billion, according to the data released by the Reserve Bank of India (RBI).
• There was a decrease of $462 million in forex reserves, bringing the total to $590.32 billion for the week ending November 10.
• As per the Weekly Statistical Supplement published by the RBI, there was a $4.39 billion increase in Foreign Currency Assets (FCAs), bringing the total to $526.39 billion.
• When expressed in dollars, the Foreign Currency Assets account for the impact of the appreciation or depreciation of non-US currencies such as the euro, pound, and yen held in the foreign exchange reserves.
• Gold reserves increased by $527 million, reaching $46.04 billion, and Special Drawing Rights (SDRs) saw a rise of $120 million, reaching $18.13 billion.
• The IMF’s reserve position has been increased by $42 million, reaching a total of $4.83 billion.
• In October 2021, the nation’s foreign exchange reserves achieved a historic peak of USD 645 billion.
• However, these reserves have been diminishing as the central bank utilizes them to safeguard the rupee in response to pressures primarily stemming from global developments.
• Generally, the Reserve Bank of India (RBI) intervenes periodically in the market by managing liquidity, which may involve selling dollars. The aim is to avoid a significant depreciation of the rupee.

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6. Which global technology company has partnered with U GRO Capital to extend financing solutions to small businesses in India?
A) Visa
B) American Express
C) Mastercard
D) PayPal
E) Discover
Answer: C) Mastercard

• Mastercard, a global technology company in the payments industry, has tied up with U GRO Capital, a NBFC specialising in MSME financing, to extend financing solution to small businesses in India that require financial support to maintain and grow their operations.
• According to report by NITI Aayog, out of over 64 million MSMEs in India, only 14 per cent have access to credit.
• This strategic collaboration between Mastercard and U GRO Capital aims to address this challenge by enabling a holistic digital supply chain financing solution for millions of small businesses in India.
• Keypersons: Vikas Varma, Chief Operating Officer, South Asia, Mastercard, Shachindra Nath, Vice Chairman and Managing Director, U GRO Capital
• Note: Mastercard had announced a global commitment to bring a total of 1 billion people and 50 million micro and small businesses, including 25 million female entrepreneurs into the digital economy by 2025.

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Books and Authors – Daily Current Affairs November 24

7. Who will release the book “Thread by Thread” on the life of Shambhu Kumar on November 24, 2023?
A) Sathya Saran
B) Kapil Dev
C) Penguin Random House
D) The Palace Halls, NSCI, Mumbai
E) Shambhu Kumar
Answer: B) Kapil Dev

• A book, Thread by Thread, on the life of Shambhu Kumar or ‘the’ S Kumar will be released by Kapil Dev, on November 24, 2023 at The Palace Halls, NSCI, Mumbai.
• The book has been written by noted journalist and author Sathya Saran and published by Penguin Random House.
• This book is a tale of Shambhu Kumar, who is the India’s most successful textile empires. It traces his growth from being a trader to an industrialist .
• The cover of the book was launched at the company’s fashion show in Indore on October 27th.
• Kapil Dev has been a brand ambassador for S.Kumars for their tv and print campaigns in the 80s and 2000s.

About Shambu Kumar:

• Shambhu Kumar pioneered the introduction of Polyester Blends in India, which boosted the manufacturing and consumption of affordable, long-lasting fabrics for the middle class and the lower income groups.
• He lived by the motto “Best Possible Quality at the Lowest Possible Price.
• S.Kumars kickstarted the celebration to mark its 75th anniversary with a fashion show and a dealer meet held on 27th and 28th of October in Indore.

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Appointments – Daily Current Affairs November 24

8. Who is the President-Elect of FICCI, the oldest and largest industry body in India?
A) Anish Shah
B) Rahul Bajaj
C) Adi Godrej
D) Nita Ambani
E) Kumar Mangalam Birla
Answer: A) Anish Shah

• FICCI, the country’s oldest and largest industry body, has a President-Elect in Anish Shah.
• Shah is currently the Senior Vice-President of FICCI and the Group CEO of Mahindra Group and the Managing Director of M&M, the parent company of the Group.
• Prior to Mahindra Group, Shah was President and CEO of GE Capital India from 2009-14, where he led the transformation of the business, including a turnaround of its SBI Card joint venture
• He would succeed Subhrakant Panda as President of the apex Chamber at the conclusion of the 96th Annual General Meeting.
• In addition to being a FICCI National Executive Committee office-bearer, Shah is also now a member of the UK Investment Council, Chair of the Automotive Governors Council (World Economic Forum), co-Chair of the India Alliance of CEOs for Climate Change (World Economic Forum) and co-Chair of the India-Australia CEO Council.

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Awards – Daily Current Affairs November 24

9. Which organization received the “Best Employer for Policies in Diversity & Inclusion” Award at the 4th Diversity & Inclusion Excellence Awards and Conclave organized by Assocham?
A) Assocham
B) REC Limited
C) Ministry of Power
D) Maharatna CPSE
E) Diversity & Inclusion Excellence Awards
Answer: B) REC Limited

• REC Limited, a Maharatna CPSE under Ministry of Power, received the “Best Employer for Policies in Diversity & Inclusion” Award at the 4th Diversity & Inclusion Excellence Awards and Conclave organized by Assocham.

Other awards of REC:

• Rural Electrification Corporation was recognized for its exceptional performance in risk management with the esteemed ‘Golden Peacock Award’. It was presented by the Institute of Directors (IOD).
• REC was conferred the ‘Best Central PSU’ Award in the Financial Services category at the Dun & Bradstreet PSU Awards 2023.

Rural Electrification Corporation:

• REC Limited, a Maharatna CPSE established in 1969, under Ministry of Power, provides long term loans and other finance products for Power-Infrastructure sector comprising of Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Green Hydrogen etc.
• More recently REC has also diversified into the Non-Power Infrastructure sector comprising of Roads & Expressways, Metro Rail, Airports, IT Communication, Social & Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.
• The loan book of REC exceeds Rs 4,74,275 Crore

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International Affairs – Daily Current Affairs November 24

10. Which military contingent is leading the Indian Army contingent in the 17th edition of SURYA KIRAN?
A) Punjab Regiment
B) JAT Regiment
C) Gorkha Regiment
D) KUMAON Regiment
E) Madras Regiment
Answer: D) KUMAON Regiment

• 17th edition of Joint Military Exercise SURYA KIRAN will be conducted in Pithoragarh, Uttarakhand from 24th November to 07th December 2023.
• It is an annual event and conducted alternatively in the two countries.
• The Indian Army contingent comprising of 354 personnel is being led by a Battalion from the KUMAON Regiment.
• The Nepal Army contingent comprising of 334 personnel is represented by Tara Dal Battalion.
• Aim of the exercise is to enhance interoperability in jungle warfare, counter terrorism operations in mountainous terrain and Humanitarian Assistance and Disaster Relief under United Nations Charter on peace keeping operations.
• Note: The 16th Edition of Indo-Nepal joint training Exercise “SURYA KIRAN-XVI” between India and Nepal conducted at Nepal Army Battle School, Saljhandi (Nepal), from 16 – 29 December 2022

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11. In the context of sugar, what is India’s global ranking as mentioned in the statement?
A) Largest Producer and Consumer
B) Largest Producer, Second Largest Consumer
C) Second Largest Producer and Consumer
D) Third Largest Producer, Largest Consumer
E) Fifth Largest Producer, Third Largest Consumer
Answer: B) Largest Producer, Second Largest Consumer

• In the 63rd council meeting, International Sugar Organisation (ISO), headquartered in London, has announced India to be the Chair of the organisation for 2024.
• Sanjeev Chopra, Secretary (Food), Government of India attended the ISO meeting.
• India, under the chairmanship of ISO in 2024, seeks support and cooperation from all member countries and would like to focus on bringing together all member countries to adopt more sustainable practices in sugarcane cultivation, sugar and ethanol production and better utilisation of by-products.
• India is the largest consumer and second largest producer of sugar in the world.
• India’s contribution is about 15% share in global sugar consumption and about 20% in production of sugar
• With Brazil in the Western Hemisphere, India is the market leader in Eastern Hemisphere for sugar market.
• India is the 3rd largest country in the world in ethanol production after USA and Brazil.
• Ethanol blending percentage in India has increased from 5% in 2019-20 to 12% in 2022-23 while the production has increased from 173 crore litres to more than 500 crore litres during the same period.
• India has a unique distinction of being the Payer of the Highest Cane Price.
• While the global prices of sugar are hiked by about 40% in one year, India has been able to contain sugar prices within 5% increase from last year without putting additional burden on the industry.
• National Sugar Institute, Kanpur is collaborating with many countries including Indonesia, Nigeria, Egypt, Fiji etc. for sharing the latest technologies in the sector and best practices.

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12. What is the capacity of the Al Dhafra Solar Photovoltaic Independent Power Project (IPP)?
A) 1 Gigawatt
B) 1.5 Gigawatts
C) 2 Gigawatts
D) 2.5 Gigawatts
E) 3 Gigawatts
Answer: C) 2 Gigawatts

• The United Arab Emirates has inaugurated the world’s largest single-site solar power plant ahead of the upcoming United Nations Climate Change Conference (COP28).
• The 2-gigawatt Al Dhafra Solar Photovoltaic Independent Power Project (IPP) is located 35 kilometers from Abu Dhabi city and will generate enough electricity to power almost 200,000 homes.
• The plant is expected to displace 2.4 million tonnes of carbon emissions annually.
• The project was inaugurated by Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, and in the presence of Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior.
• Dr. Sultan bin Ahmed Al Jaber, COP28 President-Designate, Minister of Industry and Advanced Technology, Chairman of Masdar.
• The project was developed by Abu Dhabi Future Energy Company (Masdar) and its partners Abu Dhabi National Energy Company (TAQA), EDF Renewables and JinkoPower.
• It was procured by Emirates Water and Electricity Company (EWEC).
• The plant uses almost 4 million solar panels which deploy innovative bi-facial technology, ensuring sunlight is captured on both sides of the panels to maximize yield.
• The inauguration of Al Dhafra Solar PV is a key step in the UAE’s transition to clean energy.
• The project also aligns with the UAE’s Net Zero 2050 goal, reinforcing its leadership in solar energy production on a per capita basis.
• The project is also a testament to the UAE’s commitment to hosting a successful COP28.
• UAE will host the United Nations Climate Change Conference from November 30th to December 12 2023.

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National Affairs – Daily Current Affairs November 24

13. Which organizations signed the Memorandum of Understanding (MoU) for sharing resources such as best practices, expert faculty, and training materials?
A) National Academy of Sciences (NAS) and Indian Institute of Technology (IIT)
B) National Academy of Customs, Indirect Taxes and Narcotics (NACIN) and National Academy of Direct Taxes (NADT)
C) National Aeronautics and Space Administration (NASA) and Defense Research and Development Organization (DRDO)
D) National Institute of Fashion Technology (NIFT) and National Institute of Design (NID)
E) National Academy of Medical Sciences (NAMS) and All India Institute of Medical Sciences (AIIMS)
Answer: B) National Academy of Customs, Indirect Taxes and Narcotics (NACIN) and National Academy of Direct Taxes (NADT)

• The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) and the National Academy of Direct Taxes (NADT) signed a Memorandum of Understanding (MoU) for sharing resources, such as best practices, expert faculty, training materials and innovative technologies.
• The MoU was signed by Shri Jayant Diddi, Principal Director General (Trg.), NADT, and Dr. K.N. Raghavan, Director General, NACIN.
• This collaboration is focused on areas of shared interest including taxation, law and legal systems, commercial and procedural laws, economic and administrative law, collaborative efforts, including sharing of resources and pedagogies in cutting edge Investigation Techniques such as Data Analysis, Dark Web Exploration and Risk Management and ethics fall within ambit of this MoU.
• Note: Central Board of Indirect Taxes and Customs (CBIC) and Central Board of Direct Taxes (CBDT) had signed a MoU on sharing of data in July 2020.

NACIN:

• NACIN is the apex training institute established to train the Officer trainees of Indian Revenue Service (Customs & Indirect Taxes) and also imparts in-service training for all officers and cadres under the Central Board of Indirect Taxes and Customs (CBIC).
• The new campus of NACIN coming up at Palasamudram.

NADT:

• NADT Nagpur is the apex training Institute established to train the Officer Trainees of Indian Revenue Service (Income Tax) and number of in-service courses for the middle to senior management level officials of the Central Board of Direct Taxes (CBDT).

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14. How many distinguished metallurgists were conferred with the National Metallurgist Award (NMA) 2022?
A) Three
B) Four
C) Five
D) Six
E) Seven
Answer: C) Five

• Faggan Singh Kulaste, Union Minister of State for Steel & Rural Development, Government of India congratulated the five distinguished metallurgists for being conferred with coveted NMA 2022 in four categories at the ceremony of National Metallurgist Award (NMA) 2022 on 22 November, 2023.
• Keyperson in this event: Faggan Singh Kulaste, Union Minister of State for Steel & Rural Development , Nagendra Nath Sinha, Secretary, Ministry of Steel
• The awardees are,
  • Dr Kamachi Mudali Uthandi – Lifetime Achievement Award
  • Dr Debashish Bhattacharjee – National Metallurgist Award
  • Dr Rameshwar Sah – R&D in Iron & Steel Sector
  • Dr Niloy Kundu – Young Metallurgist (Environment) Award
  • Agilan Muthumanickam – Award Young Metallurgist (Metal Science) Award
• Note:
  • India has achieved the status of 2nd largest steel producer globally.
  • India’s production and consumption of steel during April – October 2023 YoY have grown by 15% to about 82 million tonnes and 75.8 million tonnes respectively.
  • The production and consumption of crude steel in the current financial year will be close to 140 million tones.

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15. Which technology business incubator at BITS Pilani introduced the startup initiative “Womenpreneur for Bharat 1.0”?
A) BITS Technology Innovation Hub (BIT-Hub)
B) Pilani Innovation and Entrepreneurship Development Society (PIEDS)
C) BITS Entrepreneurship Center (BEC)
D) BITS Pilani Incubation Center (BPIC)
E) Pilani Startup Hub (PSH)
Answer: B) Pilani Innovation and Entrepreneurship Development Society (PIEDS)

• BITS Pilani’s technology business incubator, Pilani Innovation and Entrepreneurship Development Society (PIEDS), has introduced the inaugural edition of its startup initiative, “Womenpreneur for Bharat 1.0″.
• This program is conducted in collaboration with the Women Entrepreneurship Platform (WEP), incubated within NITI Aayog, and is generously supported by the Aditya Birla Capital Foundation, the corporate social responsibility (CSR) arm of Aditya Birla Capital Limited.
• The objective of ‘Womenpreneurs for Bharat 1.0’ is to offer financial assistance and incubation support to women entrepreneurs developing solutions in or for tier-2/3/4 cities within the Northeast region, Rajasthan, Haryana, and Jammu and Kashmir.
• The initiative is set to offer funding to qualifying start-ups, with amounts reaching up to Rs 10 lakhs.
• Additionally, PIEDS will provide comprehensive incubation support, encompassing one-on-one mentoring, assistance in accessing markets, and opportunities to secure future investments.
• As per a research report released by Niti Aayog, India is home to 63 million micro, small, and medium enterprises (MSMEs), with approximately 20% being owned by women and providing employment to 22 to 27 million individuals.
• India has the potential to establish over 30 million women-owned enterprises, potentially generating 150 to 170 million jobs.

Keypersons in this event:

• Vishakha Mulye, Director, Aditya Birla Capital Foundation & CEO, Aditya Birla Capital Limited.
• Anna Roy, Mission Director, Women Entrepreneurship Platform

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