Daily Current Affairs: 24 November 2023

Daily Current Affairs
24th November 2023

24th November 2023
BANKING & FINANCE

RBI Grants Approval for Hinduja Group Directors to Join Board of Bankrupt Reliance
Capital
 The Reserve Bank of India (RBI) grants
approval for Hinduja Group's resolution
plan for Reliance Capital (RCap), paving the
way for the group's takeover of RCap.
 RBI approves Hinduja Group to appoint 5
directors on the board of RCap, contingent
upon the National Company Law Tribunal's
(NCLT) approval of the resolution plan.
 The 5 directors approved by RBI from the
Hinduja Group are Amar Chintopanth,
Shardchandra V Zaregaonkar, Moses
Newling Harding John, Bhumika Batra, and
Arun Tiwari.
 Any change in the shareholding of the
resolution applicant (Hinduja Group) post-
implementation of the resolution plan requires
prior approval from the RBI.
 It also directed RCap that a copy of the NCLT
approval, once accorded, be submitted to the
RBI.
 Hinduja Group's company IIHL emerged as
the highest bidder with an offer of Rs 9,650
crore in the second round of the auction held
in April to take over debt-ridden Reliance
Capital.
 The Reserve Bank of India (RBI) on
November 29, 2021, superseded the board of Reliance Capital in view of payment
defaults and serious governance issues.
 The RBI appointed Nageswara Rao Y as the administrator in relation to the Corporate
Insolvency Resolution Process (CIRP) of the firm.
 Reliance Capital is the third large non-banking financial company (NBFC) against
which the central bank has initiated bankruptcy proceedings under the Insolvency
and Bankruptcy Code (IBC).
 The other two were Srei Group NBFC and Dewan Housing Finance Corporation
(DHFL).
About RBI :
 Established : 1 April 1935
 Headquarters : Mumbai, Maharashtra, India
 Governor : Shaktikanta Das
 Deputy Governors : Swaminathan Janakiraman, Michael Patra, M. Rajeshwar Rao, T
Rabi Sankar
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24th November 2023
Karnataka Bank Shares Gain Attention Following HDFC Life Collaboration on

Insurance Products
 Karnataka Bank has entered into a strategic
corporate tie-up with HDFC Life to offer life
insurance products to its customers.
 The partnership is a testament to the stated
commitment to offer customers a range of
innovative and customer-centric financial
solutions.
About HDFC Life Insurance Company Limited :
 Founded : 14 August 2000
 Headquarters : Mumbai,Maharashtra
 HDFC Life Insurance Company Limited is a long-term life insurance provider
offering individual and group insurance services.
About Karnataka Bank :
 Established : 18 February 1924
 Headquarters : Mangalore, Karnataka, India
 MD & CEO : Srikrishnan Hari Hara Sarma
First Tranche of Sovereign Gold Bond Investors Anticipate Golden Harvest

 Investors in the inaugural tranche of
sovereign gold bonds (SGBs), who have
held onto their investments until maturity,
are poised to receive significant returns as
gold prices have more than doubled in the
last 8 years.
Key Highlights :
 Issuance and Redemption Price : The first
tranche of SGB was issued by the RBI in
November 2015 at ₹2,684 per gram.
 The redemption price for these bonds, to be
announced by the RBI soon, is expected to reflect the substantial appreciation in gold
prices.
 In Oct 2023, the RBI declared a redemption price of ₹6,079 per unit for premature
redemption of SGBs, showcasing the significant price appreciation.
 Interest Rate and Earnings : In addition to price appreciation, SGB investors receive
an annual interest payment at the rate of 2.75%.
 An investment of ₹1 lakh made in the first tranche of SGB would now fetch about
₹2.26 lakh at the last announced redemption price set by RBI.
 Investors would have earned an interest of about ₹22,000.
 Maturity and Early Redemption : The maiden tranche of SGB will finally mature on
November 30, 2023.
 Though the tenor of SGB is 8 years, investors can opt for early redemption of gold
bonds after the fifth year from the date of issuance, coinciding with the interest
payment date.
24th November 2023
 RBI's Redemption Price Calculation : RBI determines the SGB redemption price by
taking the simple average of the closing gold prices with 999 purity over the three
preceding business days from the redemption date, as reported by the India Bullion
and Jewellers Association (IBJA).
 Issuance Details and Subscriptions : RBI issued only two SGBs this fiscal at the
prices of ₹5,923 and ₹5,926 per gram.
 A total of 62,169 applications had been accepted for a total subscription of 915.953 kg
in the first tranche of SGB.
 While the bonds issued in 2015 bear an interest rate of 2.75% per annum, it was
brought down subsequently to 2.5% per annum.
SGB Features :
 Issuance - Issued by the Reserve Bank of India on behalf of the Government of India.
 Eligibility - SGBs will be restricted for sale to resident individuals, HUFs (Hindu
Undivided Family), Trusts, Universities and Charitable Institutions.
 Tenor- The tenor of the SGB will be for a period of eight years with an option of
premature redemption after 5th year.
 Minimum size- Minimum permissible investment will be One gram of gold.
 Maximum limit- The maximum limit of subscription shall be 4 Kg for individuals, 4 Kg
for HUF and 20 Kg for trusts and similar entities per fiscal year (April-March) notified
by the Government from time to time.
 Joint holder - In case of joint holding, the investment limit of 4 Kg will be applied to
the first applicant only.
 SGBs will be sold through Scheduled Commercial banks (except Small Finance
Banks, Payment Banks and Regional Rural Banks), Stock Holding Corporation of
India Limited, Clearing Corporation of India Limited, designated post offices and
National Stock Exchange of India Limited and Bombay Stock Exchange Limited, either
directly or through agents.
NATIONAL NEWS
Union Minister Shri Nitin Gadkari Inaugurates the 8th India Water Impact Summit
(IWIS) in New Delhi
 Shri Nitin Gadkari, the
Union Minister of Road
Transport and
Highways of India,
inaugurated the 8th
Edition of the India
Water Impact Summit
(IWIS) at the Dr
Ambedkar International
Centre in New Delhi.
 The summit, organized
by the National Mission
for Clean Ganga (NMCG) and the Center for Ganga River Basin Management and
Studies (Ganga), spans three days from November 22 to 24, 2023.
24th November 2023
 The theme of IWIS 2023 is 'Development vis-à-vis Land, Water and Rivers,'
aimed at uniting scientific experts, stakeholders, and government
representatives to address dynamic challenges and opportunities in India's water
sector.
 Among the distinguished speakers were Ms Debashree Mukherjee, Secretary, DoWR,
RD & GR, Shri G. Asok Kumar, DG-NMCG, Shri Igor Papič, Minister of Science,
Technology, and Innovation from the Republic of Slovenia, Dr. Vinod Tare, Founding
head of cGanga and Professor at IIT Kanpur, and Shri Sanmit Ahuja (cGanga).
 International Water Innovation Summit 2023 (IWIS) and the 1st CITIS Summit, a
special session titled "River Cities Alliance - A Global Step Forward (GRCA) was
also held and was attended by delegates from Ethiopia, Denmark, Mexico, the
Federal Republic of Germany, Bhutan, United Kingdom, Nepal and Japan.
 Addressing the session, Shri G. Asok Kumar, DG-NMCG, announced the upcoming
launch of the Global River Cities Alliance (GRCA) in COP28 on December 10, 2023, in
Dubai.
STATE NEWS
Uttar Pradesh Government Prohibits Halal Branding on Food Products
 The Uttar Pradesh government has imposed a ban on halal-
branded food items.
 The State Food Commissioner's office has banned halal-labelled
food items such as dairy products, sugar, bakery items,
peppermint oil, savouries and edible oil.
 The State Food Commissioner's office issued an order, citing that
halal labelling contradicts legislation passed in 2006 aimed at
ensuring product quality.
 Reasons for Ban : Halal labelling is considered to create
confusion among consumers and is deemed contrary to the
principles of the state government's law on the quality of edible
products.
Key Highlights :
 As per the law, creating confusion is a punishable offence.
 The halal certification is operating as a parallel system.
 Only export products have been exempted from this ban.
 All acts related to the certification of food products were scrapped
and the Food Safety and Standards Authority of India (FSSAI)
is now the sole authority for the certification.
What is meant by Halal Certification?
 Halal certification serves as a guarantee that the product is
prepared in accordance with Islamic law and is free from
adulteration.
 It is typically issued by a third-party body.
About UP :
 Governor : Anandiben Patel
 Chief Minister : Yogi Adityanath
24th November 2023
 Capital : Lucknow
 National Park : Dudhwa National ParkWildlife Sanctuary : Bakhira Wildlife Sanctuary,
Chandraprabha Wildlife Sanctuary, National Chambal Wildlife Sanctuary
Uttarakhand Products Secure Geographical Indication (GI) Tags

 From a local brick tea to textiles made from a Himalayan
plant, over 15 products from Uttarakhand have been
given the coveted GI tag by the Geographical
Indications Registry.
Uttarakhand's GI Tagged Products :
 Uttarakhand’s Berinag tea, highly sought-after by
London tea houses and tea blenders, is made from the
leaves of a plant that grows wild in the Himalayas, which
are then compressed into a solid mass.
 Bichhubuti fabrics, made from Himalayan nettle fibres,
was also on the list of products that bagged the GI tag.
As the plant’s fibres are hollow, they have the unique
ability to accumulate air inside, thus creating a natural
insulation and making an ideal clothing material for both
winters and summers.
 The Uttarakhand mandua, a finger millet grown in
Garhwal and Kumaon that is part of the staple diet in
many parts of the State, was among the products
granted GI tags.
 Similarly, jhangora, a home grown millet commonly
cultivated in the rain-fed areas of the Himalayas in
Uttarakhand, got a tag.
 Gahat is one of the most important pulses growing in the
dry regions of the State, whose medicinal uses have
been known to Ayurveda and traditional physicians for
centuries.
 Uttarakhand lal chawal, a red rice organically grown in the Purola region, was also
on the list.
About GI Tag :
 A GI, a kind of Intellectual Property Rights (IPR), is primarily an agricultural, natural
or manufactured product (handicraft and industrial goods) originating from a definite
geographical territory.
 A GI is a label that is applied to products that have a specific geographical origin and
that have characteristics related to a particular location.
 The tag is valid for a period of 10 years after which it is renewed.
 The Geographical Indications of Goods (Registration and Protection) Act, 1999
seeks to provide for the registration and better protection of geographical indications
relating to goods in India
24th November 2023
Bengaluru Becomes India's Top Destination for Women-Led Startups with 1,783
Enterprises
 According to data from startup data platform Tracxn,
Bengaluru (Karnataka) has the highest number
(1,783) of women-led startups in India.
 It is followed by Mumbai and Delhi with 1,480 and
1,195 women-led startups respectively.
 Noida, Kolkata, and Ahmedabad are ranked at the
8th,9th, and 10th places with 324, 184, and 181
women-led startups respectively.
Key Highlights :
 Karnataka is the first state in India to provide a grant-
in-aid of Rs 50 lakh to encourage innovators.
 According to Tracxn, Zomato, Byju’s, Ofbusiness,
Upstox, Lenskart, and Open are among the top 10
women-led startups in India.
 The funding for women-led startups has decreased
from 183 startups in 2014 to 7 in 2023.
 As per the data, the number of women-led unicorns from 2008 to 2018 was 14.
 Bengaluru-based neobank Open, with two women co-founders, became the 100th
unicorn.
 Other Indian unicorns with at least one women co-founder are Nykaa, Mamaearth,
Hasura, Pristyn Care, OfBusiness, Mobikwik, The Good Glamm Group, and Livspace.
 There are currently 14 women-led unicorns in India.
 With more than 61,400 startups, India’s startup ecosystem has added more firepower
to become the third-largest hub globally after the US and China.
APPOINTMENTS & RESIGNATIONS

Former Finance Minister Frieden Assumes Role of Luxembourg's New Prime Minister
 Luc Frieden, the former finance minister of
Luxembourg, has assumed the position of
the new Prime Minister of the country.
 Luc Frieden leads a government coalition
that includes his Christian Social People's
Party and the liberal party of former Prime
Minister Xavier Bettel.
 Luc Frieden's Christian Social People's Party
secured victory in the recent election.
 On November 16, 2023, a coalition
agreement was signed between the Christian Social People's Party and Xavier Bettel's
Democratic Party after approximately six weeks of negotiations.
 The coalition holds a majority of 35 seats in the 60-seat Luxembourg parliament.
Other Appointments :
 Xavier Bettel, the former Prime Minister, assumes the role of Foreign Affairs
Minister in the new government.
24th November 2023
 Gilles Roth is appointed as the new Finance Minister.

About Luc Frieden :
 In 1998, he became Minister of Justice in the Government led by Prime Minister
Jean-Claude Juncker.
 He also served as Minister for the Treasury and Budget from 1998 to 2009, as
Minister of Defence from 2004 to 2006 and Minister of Finance from 2009 to 2013.
 For 15 years (1998 to 2013), he served as Governor of the World Bank and acted as
chairman of the Board of Governors of the International Monetary Fund and the World
Bank Group in 2013.
 He joined Deutsche Bank as Vice Chairman in September 2014.
 He was president of the Luxembourgish Chamber of Commerce and
Eurochambres, the business federation of European Chambers of Commerce and
Industry.
About Luxembourg :
 Capital : Luxembourg
 Currency : Euro
 Luxembourg is a landlocked country in Western Europe.
 It borders Belgium to the west and north, Germany to the east, and France to the
south.
Argentina Elects Right-Wing Populist Javier Milei in Presidential Runoff Election

 Right-wing libertarian Javier
Milei emerged victorious in
Argentina's presidential
election.
 In the election, Javier Miley got
55.8% votes and Economy
Minister Sergio Massa got
44.2% votes.
Key Highlights :
 In his first address as
President-elect, Javier Milei
acknowledged the challenging
situation in Argentina.
 He pledged to implement
significant changes to address
the country's dire
circumstances after assuming
the presidency.
About Javier Milei :
 Milei was born in Palermo, Buenos Aires, on 22 October, 1970.
 He is an Argentine politician, economist, and author who is the president-elect of
Argentina.
 Before entering politics, Milei gained notability as an economist, as the author of
multiple books on economics and politics, and for his distinct political philosophy.
24th November 2023
 In 2021, Milei entered politics and was elected as a national deputy representing the
City of Buenos Aires for La Libertad Avanza.
About Argentina :
 Capital : Buenos Aires
 Currency : Argentina peso
 Argentina is the 3rd largest economy in Latin America and is struggling with the
problems of inflation, increasing recession, and increasing poverty.
Indian diplomat Surendra Adhana re-elected to serve on UN Advisory Committee on

Administrative and Budgetary Questions
 Senior Indian diplomat Surendra
Adhana has been re-elected to
serve on the Advisory Committee
on Administrative and Budgetary
Questions (ACABQ) at the UN for
the term 2024-26.
About UN-ACABQ :
 The Advisory Committee is an
expert Committee of 21 Members
elected by the General Assembly
for a period of 3 years, on the basis of a broad geographical representation.
 Members serve in a personal capacity and not as representatives of member states.
 The major functions of the Advisory Committee, which is a subsidiary organ of the
General Assembly, are to examine and report on the budget submitted by the
Secretary-General to the General Assembly; to advise the General Assembly
concerning any administrative and budgetary matters referred to it; to examine on
behalf of the General Assembly the administrative budgets of the specialised agencies
and proposals for financial arrangements with such agencies; and to consider and
report to the General Assembly on the auditors’ reports on the accounts of the United
Nations and of the specialised agencies.
About United Nations :
 Established : 24 October 1945
 Headquarters: New York,United States
 President : Dennis Francis
 Secretary general: António Guterres.
 The United Nations (UN) is an intergovernmental organization whose stated
purposes are to maintain international peace and security, develop friendly relations
among nations, achieve international cooperation, and serve as a centre for
harmonizing the actions of nations.
24th November 2023
SCIENCE & TECHNOLOGY

Formation of Earth's Mysterious New Layer Linked to Deep Infiltration of Surface
Water: Study
 The formation of new enigmatic layer – E
prime layer – at the outermost part of
Earth's core is a result of "surface water
penetrating deep into the planet,"
altering the composition of the metallic
liquid core's outermost region, a study by
an international team of researchers,
including those from Arizona State
University (ASU) revealed.
 Earth comprises 4 primary layers: an inner core at the planet's center, surrounded by
the outer core, mantle, and crust.
About E prime layer :
 It was believed that a material exchange between the core and mantle is small.
 But the experiments revealed that when water reaches the core-mantle boundary, it
reacts with silicon in the core, forming silica.
How did this layer develop over time?
 This latest research suggests that tectonic plates carrying surface water have
transported it deep into the Earth over billions of years.
 Upon reaching the core-mantle boundary about 1,800 miles below the surface, this
water initiates significant chemical changes, influencing the core's structure.
 This reaction leads to the formation of a hydrogen-rich, silicon-depleted layer at the
outer core, resembling a film-like structure.
 Silica crystals generated by this process ascend and blend into the mantle, impacting
the overall composition.
 These modifications in the liquid metallic layer could potentially result in reduced
density and altered seismic characteristics, aligning with anomalies detected by
seismologists.
AWARDS AND HONOUR

REC was Honoured with ‘Best Employer in Diversity & Inclusion’ Award by
Assocham
 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 organised by
Assocham.
 Shri TSC Bosh, Executive
Director, REC, graciously accepted the award on behalf of REC.
24th November 2023
 The award ceremony witnessed REC's unwavering commitment to fostering diversity

and inclusion being acknowledged on a national platform.
 This accolade is a testament to REC's exemplary practices in crafting inclusive
policies that extend beyond the conventional norms.
 The company's dedication to embracing diversity across its workforce is mirrored in its
thoughtful policies, setting a commendable standard in the industry.
 The ‘Best Employer for Policies in Diversity & Inclusion’ award highlights REC's
commitment to creating a workplace that celebrates differences, fosters
innovation, and promotes equal opportunities for all employees.
 Policies in the HR front of REC are conducive, employee-friendly and played pivotal
role in achieving this milestone.
 Recently, REC was recognized for its exceptional performance in risk
management with the esteemed ‘Golden Peacock Award’.
 The award was presented by the Institute of Directors (IOD).
 Additionally, the company was conferred the 'Best Central PSU' Award in the Financial
Services category at the Dun & Bradstreet PSU Awards 2023.
About REC
 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 Roadand expresswaysys, 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.
Vir Das wins maiden International Emmy Award for best comedy
 Renowned comedian Vir Das won the 51st
International Emmy Award for Comedy.
 At the International Emmy Awards 2023, Vir
Das and Derry Girls Season 3 won the
International Emmy for Comedy.
 Vir Das received the award for his Netflix
comedy special titled Vir Das: Landing.
 It is Vir’s second International Emmy
nomination. He is one of the pioneers in India’s
modern stand-up comedy scene.
 He has appeared in more than 100 stand-up shows and acted in more than 15 films.
 In 2021, he performed at the John F Kennedy Centre in Washington DC, which
sparked the controversy.
 UK actor Martin Freeman won the Best Actor award while Mexico’s Karla Souza
received the Best Performance by an Actress award.
 ‘Mariupol: The People’s Story’ has been named as the best documentary at the
International Emmy Awards.
24th November 2023
 ‘The Empress’ has been acknowledged as the Best Drama series.

 Ektaa Kapoor received the International Emmy Directorate Award.
 Shefali Shah missed out on the International Emmy for Best Actress for her
performance in Delhi Crime. The award went to Mexican actor Karla Souza for her role
in Dive.
 The International Emmy Award is presented by the International Academy of
Television Arts & Sciences (IATAS). It was first presented in 2007.
MOUS AND AGREEMENT

Commerce Ministry to collaborate with e-commerce companies to promote exports
from districts
 In a significant
move to enable
micro, small and
medium
enterprises
(MSMEs) and
boost e-
commerce exports
from the country,
the Directorate
General of
Foreign Trade
(DGFT), Ministry
of Commerce and Industry, Government of India is collaborating with the
various e-commerce players to leverage the Districts as Export Hubs initiative
and promote e-commerce exports from the country. In first such collaboration with
different e-commerce platforms, DGFT has signed a memorandum of
understanding (MoU) with Amazon India.
 As a part of this MoU, Amazon and DGFT will co-create capacity-building sessions,
training and workshops for MSMEs in districts identified by the DGFT as part of the
District as Exports Hub initiative outlined in the Foreign Trade Policy 2023, in a phased
manner.
 The initiative seeks to link local producers even in rural and remote districts with global
supply chains.
 The collaboration aims to enable exporters/MSMEs to sell their 'Made in India'
products to customers internationally.
 The MoU was signed in the presence of Shri. Santosh Sarangi (Additional Secretary
and Director General, DGFT), Chetan Krishnaswamy (Vice President, Public Policy –
Amazon) and Bhupen Wakankar (Director of Global Trade – Amazon India).
 The core objective of this collaboration is to leverage e-commerce platforms to support
local exporters, manufacturers, and MSMEs in reaching potential international buyers.
 The partnership aligns with the Foreign Trade Policy 2023, which identifies e-
commerce as a focus area for amplifying India's exports.
24th November 2023
Headquarters, Integrated Defence Staff & Council of Scientific and Industrial

Research ink MoU on joint research and development in field of Defence Technology
 A Memorandum of
Understanding
between the
Headquarters,
Integrated Defence
Staff and the Council
of Scientific and
Industrial Research
(CSIR) was signed in
New Delhi for
technical
collaboration and
joint research and development in the field of Defence Technology.
 The MoU was signed by Lt General JP Mathew, Chief of Integrated Defence Staff to
the Chairman Chiefs of Staff Committee (CISC), Ministry of Defence (MoD) and Dr. N
Kalaiselvi, Director General, CSIR & Secretary, Department of Scientific and Industrial
Research (DSIR), Ministry of Science & Technology (MoST).
 The MoU between the HQ IDS and CSIR aims to provide an umbrella framework for
initiating collaborative interaction between CSIR Labs, HQ IDS and Armed Forces,
namely Indian Army, Indian Navy and Indian Air Force, for enhancing scientific
understanding of technologies related to defence and undertaking joint research and
development in dual use technologies.
 The HQ IDS and CSIR both share a common interest to undertake joint research
and development in defence technologies for mutual benefit, in the true spirit of
‘scientific cooperation in support of Indian Armed Forces’.
 This partnership will also accelerate the indigenisation efforts of Armed Forces for
achieving ‘Atma Nirbhar Bharat’.
Nasha Mukt Bharat Abhiyaan (NMBA) - MoU signed between Department of Social
Justice & Empowerment and International Society for Krishna Consciousness
(ISKCON)
 The Department of Social Justice & Empowerment signed a MoU with the
International Society for Krishna Consciousness (ISKCON) for Nasha Mukt
Bharat Abhiyaan (NMBA) in the presence of Union Minister of Social Justice &
Empowerment Dr. Virender Kumar, senior officers of the Department and senior
members of the ISKCON in New Delhi
 The Ministry has initiated ambitious Nasha Mukt Bharat Abhiyaan (NMBA) currently
operational in all the districts of the country with an aim to create awareness about
the ill effects of substance abuse among the youth, with special focus on higher
education institutes, university campuses, schools and reaching out into the
community and garnering community involvement and ownership of the Abhiyaan.
 Till now, more than 10.71 crore people including more than 3.37 crore youth, more
than 2.26 crore women and more than 3.27 lakh educational institutions have become
24th November 2023
part of the Drug Free

India Campaign.
Achievements of NMBA
a) Till now through the
various activities
undertaken on-ground
10.71+ crore people
reached out so far.
b) 8,000 Master
Volunteers have been
selected and trained to
lead the Abhiyaan activities in the NMBA districts.
c) More than 3.37+ crore youth have actively participated in the activities of the Abhiyaan
and spreading on-ground the message against substance use. Around 4,000+ Yuva
Mandals, NYKS & NSS Volunteers, Youth Clubs have also been associated with the
Abhiyaan.
d) The contribution of 2.26+ Crore women have also been vital in reaching out to a larger
community through the Anganwadi & ASHA Workers, ANMs, Mahila Mandals &
Women SHGs.
National Institute for the Empowerment of Persons with Visual Disabilities

(Divyangjan), Dehradun, signed MOU with Nation Book Trust
 The National Institute
for the Empowerment
of Persons with
Visual Disabilities
(Divyangjan) took
significant strides
towards inclusivity
through two
groundbreaking
Memoranda of
Understanding
(MOUs) signed
 MOU with National Book Trust, New Delhi Under the mentorship of the
Secretary, Ministry of Social Justice & Empowerment, Government of India,
NIEPVD and the National Book Trust, New Delhi, formalized their commitment to
fostering collaboration.
 The MOU paves the way for the establishment of a Universal Design Center for
Reading in Dehradun, Uttarakhand.
 This centre will showcase the National Book Trust's extensive collection of
publications and learning materials in various accessible formats, including physical
books, Braille books, e-books, and audiobooks.
 The collaboration aims to make reading materials more accessible to individuals with
visual disabilities, ensuring equal opportunities for learning and education.
24th November 2023
 The MOU was signed by Er. Manish Verma, Director (Offg), NIEPVD, and Shri Yuvraj
Malik, Director, National Book Trust India, marking a commitment to empower persons
with visual disabilities and advance accessibility to reading materials.
 The MOU was signed by Er. Manish Verma, Director (Offg), NIEPVD, and Shri
Dipendra Manocha, President, DFI, solidify their commitment to enhancing
accessibility to literature and educational resources for individuals with print disabilities
across India.
 These strategic partnerships underscore NIEPVD's dedication to breaking
barriers and creating an inclusive environment for persons with disabilities,
ensuring that no one is left behind in the pursuit of knowledge and education.
Key Highlights
 The National Institute for the Empowerment of Persons with Visual Disabilities
(Divyangjan), Dehradun, is a premier organization working towards the empowerment
of individuals with visual disabilities.
 Through innovative initiatives and partnerships, NIEPVD is committed to creating an
inclusive society that ensures equal opportunities for all.
 The National Book Trust, an autonomous body under the Ministry of Education,
Government of India, is dedicated to the promotion of books and the habit of reading.
 By collaborating with NIEPVD, NBT aims to make its diverse collection accessible to a
wider audience, particularly individuals with visual disabilities.
 Daisy Forum of India is a leading organization advocating for accessible reading
materials for persons with print disabilities.
 The collaboration with NIEPVD signifies a joint effort to expand the reach of accessible
literature and educational resources.
Technology Development Board and Small Industries Development Bank of India

forge strategic alliance to boost MSMEs through Technology-Focused Financing
 To bolster the Micro,
Small, and Medium
Enterprise (MSME)
sector in India, the
Technology
Development Board
(TDB) and the Small
Industries
Development Bank of
India (SIDBI) have
formalized a
Memorandum of
Understanding (MoU).
 Through this MoU, TDB and SIDBI have entered into a credit alliance, wherein
TDB and SIDBI shall refer additional funding needs of companies they have
previously funded to each other.
 With dedicated key contacts, both organizations will streamline coordination for
seamless referral exchange.
24th November 2023
 TDB and SIDBI will also provide financial support to eligible MSMEs, following their
respective policy guidelines.
About TDB
 Technology Development Board is a statutory body constituted under the Technology
Development Board Act, 1995.
 It aims to promote the development and commercialization of indigenous technology
and the adaptation of imported technology for wider application.
 The board consists of 11 Board members.
About SIDBI
 Small Industries Development Bank of India (SIDBI) was established under an Act of
Parliament in 1990.
 It is the Principal Financial Institution engaged in the promotion, financing &
development of the Micro, Small and Medium Enterprises (MSMEs) sector and the
coordination of the functions of the various institutions engaged in similar activities.
OBITUARIES
Sankara Nethralaya founder Dr SS Badrinath passed away
 Founder and Chairman
Emeritus of Sankara
Nethralaya, Dr. SS
Badrinath, passed away
at the age of 83.
About Dr SS Badrinath :
 Dr. SS Badrinath, born in
Triplicane, a suburb of
Chennai, Tamil Nadu,
India.
 He was the founder of
one of India's biggest charitable eye hospitals, Sankara Nethralaya, in Chennai.
 Dr Badrinath founded the organisation in 1978, after completing his studies and
research overseas.
Three key objectives of Sankara Nethralaya :
1. Quality eye care at affordable costs.
2. Teaching and training of ophthalmologists and paramedical personnel.
3. Research in vision sciences to address India-specific ophthalmological problems.
 He was considered a medical marvel who worked towards a noble cause - helping
economically weaker sections of society seek free medical treatment.
 He was an elected fellow of the National Academy of Medical Sciences.
 He also served as a consultant in opthalmology to the Indian Armed Forces and was
a non-official member of the Armed Forces Medical Research committee.
Awards & Honors :
 For providing charitable eyecare through decades, Dr SS Badrinath was awarded the
Padma Shri in 1983 and the Padma Vibhushan in 1999.
 Annamalai and Tamilnadu Dr MGR Medical University also awarded him honorary
doctorate degrees in 1995.
24th November 2023
Daily CA One- Liner: November 24

 The Reserve Bank of India (RBI) grants approval for Hinduja Group's resolution
plan for Reliance Capital (RCap), paving the way for the group's takeover of RCap.
 Karnataka Bank has entered into a strategic corporate tie-up with HDFC Life to offer
life insurance products to its customers.
 Investors in the inaugural tranche of sovereign gold bonds (SGBs), who have held
onto their investments until maturity, are poised to receive significant returns as gold
prices have more than doubled in the last 8 years.
 Shri Nitin Gadkari, the Union Minister of Road Transport and Highways of India,
inaugurated the 8th Edition of the India Water Impact Summit (IWIS) at the Dr
Ambedkar International Centre in New Delhi.
 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 organised by Assocham.
 Renowned comedian Vir Das won the 51st International Emmy Award for
Comedy.
 In a significant move to enable micro, small and medium enterprises (MSMEs) and
boost e-commerce exports from the country, the Directorate General of Foreign
Trade (DGFT), Ministry of Commerce and Industry, Government of India is
collaborating with the various e-commerce players to leverage the Districts as
Export Hubs initiative and promote e-commerce exports from the country. In first such
collaboration with different e-commerce platforms, DGFT has signed a
memorandum of understanding (MoU) with Amazon India.
 A Memorandum of Understanding between the Headquarters, Integrated Defence
Staff and the Council of Scientific and Industrial Research (CSIR) was signed in
New Delhi for technical collaboration and joint research and development in the
field of Defence Technology.
 The Department of Social Justice & Empowerment signed a MoU with the
International Society for Krishna Consciousness (ISKCON) for Nasha Mukt
Bharat Abhiyaan (NMBA) in the presence of Union Minister of Social Justice &
Empowerment Dr. Virender Kumar, senior officers of the Department and senior
members of the ISKCON in New Delhi
 The National Institute for the Empowerment of Persons with Visual Disabilities
(Divyangjan) took significant strides towards inclusivity through two
groundbreaking Memoranda of Understanding (MOUs) signed
 To bolster the Micro, Small, and Medium Enterprise (MSME) sector in India, the
Technology Development Board (TDB) and the Small Industries Development
Bank of India (SIDBI) have formalized a Memorandum of Understanding (MoU).
 The Uttar Pradesh government has imposed a ban on halal-branded food items.
 From a local brick tea to textiles made from a Himalayan plant, over 15 products
from Uttarakhand have been given the coveted GI tag by the Geographical
Indications Registry.
 According to data from startup data platform Tracxn, Bengaluru (Karnataka) has the
highest number (1,783) of women-led startups in India.
 Luc Frieden, the former finance minister of Luxembourg, has assumed the position
24th November 2023
of the new Prime Minister of the country.

 Senior Indian diplomat Surendra Adhana has been re-elected to serve on the
Advisory Committee on Administrative and Budgetary Questions (ACABQ) at the
UN for the term 2024-26.
 The formation of new enigmatic layer – E prime layer – at the outermost part of
Earth's core is a result of "surface water penetrating deep into the planet," altering
the composition of the metallic liquid core's outermost region, a study by an
international team of researchers, including those from Arizona State University
(ASU) revealed.
 Founder and Chairman Emeritus of Sankara Nethralaya, Dr. SS Badrinath, passed
away at the age of 83.

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Daily Current Affairs

24th November 2023

BANKING & FINANCE

Karnataka Bank Shares Gain Attention Following HDFC Life Collaboration on

First Tranche of Sovereign Gold Bond Investors Anticipate Golden Harvest

Uttarakhand Products Secure Geographical Indication (GI) Tags

APPOINTMENTS & RESIGNATIONS

 Gilles Roth is appointed as the new Finance Minister.

Argentina Elects Right-Wing Populist Javier Milei in Presidential Runoff Election

Indian diplomat Surendra Adhana re-elected to serve on UN Advisory Committee on

SCIENCE & TECHNOLOGY

AWARDS AND HONOUR

 The award ceremony witnessed REC's unwavering commitment to fostering diversity

 ‘The Empress’ has been acknowledged as the Best Drama series.

MOUS AND AGREEMENT

Headquarters, Integrated Defence Staff & Council of Scientific and Industrial

part of the Drug Free

National Institute for the Empowerment of Persons with Visual Disabilities

Technology Development Board and Small Industries Development Bank of India

Daily CA One- Liner: November 24

of the new Prime Minister of the country.

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