Current Affairs

17 November, 2021

International

3rd Trilateral Maritime Exercise ‘SITMEX-21’ held between India, Singapore and Thailand in Andaman Sea

i.The 3rd edition of India, Singapore and Thailand Trilateral Maritime Exercise SITMEX-21 was held on November 15-16, 2021 in Andaman Sea as a ‘non-contact, at sea only’ exercise in view of COVID-19 restrictions.
ii.It was hosted by the Royal Thai Navy (RTN).
iii.Indian Navy (IN) was represented by INS (Indian Naval Ship) Karmuk, a 1350 tonne indigenously built Missile Corvette.
About Indian Navy (IN):
Chief of Naval Staff (CNS)– Admiral Karambir Singh
Navy Day– 4th December (annually celebrated to commemorate the victory of 1971 Indo-Pakistan war)
Integrated Headquarters of Ministry of Defence (Navy)– New Delhi, Delhi

6th India France Joint Military Exercise Ex-Shakthi 2021 Commences at Frejus

The 6th edition of India-France joint military exercise ‘EX-SHAKTI 2021’ commenced on 15th November 2021 at the southeastern French port town of Frejus , France. EX-SHAKTI is a biennial training exercise which is conducted alternatively in India and France. The joint exercise is being conducted from 15 to 26 November 2021.

Focus – Counter-Terrorism operations in semi-urban terrain under the United Nations Mandate.
Note – The previous edition of Exercise SHAKTI was conducted at Foreign Training Node in Mahajan Field Firing Ranges, Rajasthan from October 31 to November 13, 2019.
About Indian Navy
Chief of Naval Staff (CNS) – Admiral Karambir Singh (24th CNS)
Integrated Headquarters – New Delhi, Delhi.
About France
President – Emmanuel Macron
Capital – Paris
Currency – Euro

National

Fisheries Minister Parshottam Rupala Launches ‘Nationwide AHDF KCC campaign’

Union Minister of Fisheries, Animal Husbandry & Dairying (FAHD) Parshottam Rupala virtually launched the ‘Nationwide AHDF (Animal Husbandry, Dairying, and Fisheries) KCC campaign’ to expand the benefit of Kisan Credit Card to all eligible animal husbandry, dairy, and fishery farmers in India. The campaign, which is scheduled to be held for 3 months from November 15, 2021, to February 15, 2022, was organised by Department of Animal Husbandry and Dairying, in association with the Department of Fisheries (DOF) and the Department of Financial Services (DFS). The government is targeting to enrol around 2 crore people in the next 3 months. Over 14 lakhs fresh AHDF KCC has been sanctioned through a Special Drive which was organized in 2020 from June 1, 2020, to December 31, 2020, by the Department of Animal Husbandry and Dairying in association with the Department of Financial Services, for providing AHDF KCC to eligible dairy farmers of Milk Cooperatives and Milk Producer Companies.

Note – On February 04, 2019, RBI has extended the KCC facility to Animal Husbandry farmers and Fisheries to support them to meet their working capital requirements.
About Ministry of Fisheries, Animal Husbandry and Dairying (FAHD):
Union Minister – Parshottam Rupala (Constituency – Gujarat)
Minister of State – Sanjeev Kumar Balyan (Constituency – Muzaffarnagar, Uttar Pradesh)

PM Modi launches ‘Ration Aapke Gram’ scheme & ‘Sickle Cell Mission’ in Madhya Pradesh

Prime Minister (PM) Narendra Modi inaugurated a series of Tribal Welfare programmes on his visit to Madhya Pradesh. PM Modi launched a welfare scheme named ‘Ration Aapke Gram’ scheme & ‘Sickle Cell Mission’ of Madhya Pradesh. He also laid the foundation stone for construction of 50 new Eklavya Model Residential Schools across India.
i. The Indian Government decided to celebrate 15th November as the ‘Janjatiya Gaurav Diwas’ or ‘Tribal Gaurav Diwas’, every year starting from 2021.
ii. Tribal Gaurav Diwas is celebrated on the birth anniversary of one of India’s greatest tribal leaders – Bhagwan Birsa Munda.
iii. The Inauguration made by PM Modi matched with the celebration of 1st ever Tribal Gaurav Diwas.
About Madhya Pradesh:
Governor – Mangubhai Chhaganbhai Patel
Festivals – Lokrang Festival, Khajuraho Dance Festival, Bhagoria Haat Festival
Tribes – Bhil, Gond, Kol, Korku, Sahariya, Baiga

India’s first Food Museum launched in Thanjavur,TN by Union Minister Piyush Goyal

Union Minister, Piyush Vedpraksh Goyal virtually launched India’s first Digital Food Museum in Thanjavur, Tamil Nadu (TN). It is 1,860-sqft museum co-developed by Food Corporation of India (FCI) and Visvesvaraya Industrial and Technological Museums, Bengaluru (Karnataka) with an estimated outlay of Rs 1.1 crore. This museum showcases the Indian food evolution from nomadic hunter-gatherers into settled agriculture producers will function from 11 am to 5 pm on all working days. Thanjavur is the cultural capital of Tamil Nadu.

About Tamil Nadu:
Chief Minister– Muthuvel Karunanidhi Stalin
Wildlife Sanctuaries– Mudumalai Wildlife Sanctuary, Anaimalai Tiger Reserve, earlier known as Indira Gandhi Wildlife Sanctuary, Point Calimere Wildlife Sanctuary
Biosphere Reserves– Nilgiris Biosphere Reserve, Gulf of Mannar Biosphere Reserve, and Agasthiyarmalai Biosphere Reserve

Economy

Paytm Money launches AI-powered ‘Voice Trading’

Paytm Money, the wholly-owned subsidiary of Paytm launched AI (Artificial Intelligence) powered ‘Voice Trading’ which will enable users to do trade or get information about stocks via single voice command. This voice command feature uses neural networks and natural language processing (NLP) to allow instant processing. This launch is on the lines of Paytm Money efforts to offer next-gen and AI-driven technology to enhance user experience.
About Paytm Money:
It is a SEBI (Securities and Exchange Board of India) registered Investment Adviser (IA).
Chief Executive Officer (CEO)– Varun Sridhar
Operations Head office-Bengaluru, Karnataka

RBI Introduced Internal Ombudsman Mechanism for NBFCs

The Reserve Bank of India (RBI) introduced an Internal Ombudsman (IO) mechanism for certain categories of Non-Banking Financial Companies (NBFCs) that have a higher customer interface.
Key Facts about NBFCs IO Mechanism:
i.Eligibility: RBI has directed Deposit-taking NBFCs (NBFCs-D) with 10 or more branches and Non-Deposit taking NBFCs (NBFCs-ND) with asset size of Rs 5,000 crore and above to appoint an IO at the apex of their internal grievance redress mechanism within 6 months from the issuance of direction.
ii.Exclusion:NBFCs that are excluded from the applicability of the direction include – Stand-alone Primary Dealer, NBFC- Infrastructure Finance Company (NBFC-IFC), Core Investment Company (CIC); Infrastructure Debt Fund – NBFC (IDF-NBFC), NBFC – Account Aggregator (NBFC-AA), NBFC under Corporate Insolvency Resolution Process, NBFC in liquidation, and NBFC having only captive customers.
iii.The NBFC that are covered by this direction will continue to have an IO for a period of 3 years after the company falls below the thresholds (i.e. NBFCs with 10 or more branches/with asset size of Rs 5000 crore or more).
SBR Framework: On October 22, 2021, RBI introduced a revised regulatory framework for NBFCs named ‘Scale Based Regulation’ (SBR) to regulate the NBFCs based on their size, activity, complexity, and interconnectedness within the financial sector.
About Reserve Bank of India (RBI):
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra
Governor – Shaktikanta Das
Deputy Governors – Mahesh Kumar Jain, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar

Sidbi launches 2nd window of Swavalamban Challenge Fund with ‘Green Bharat’ as Prioritised Theme

Small Industries Development Bank of India (SIDBI) launched the second window of Swavalamban Challenge Fund (SCF) which aims to provide financial support to non-profit organizations, educational institutions for addressing developmental gaps. This edition themes are aligned with attaining net zero emissions by 2070, as per the commitments made by India at 26th UN (United Nations) Climate Change Conference of the Parties (COP 26). Therefore, ‘Green Bharat’ is the prioritised theme for the same. In this regard, this 2nd SCF focuses on green, clean and efficient climate change.

About Small Industries Development Bank of India (SIDBI):

Chairman and Managing Director (CMD)– Sivasubramanian Ramann
Headquarter– Lucknow, Uttar Pradesh (UP)

Sports

India vs New Zealand 1st t20 live streaming: When, where to watch Ind vs NZ T20 live? Know match timing, venue & squad

India vs New Zealand T20 Live streaming: First India vs New Zealand T20 match will get underway today from 7 pm at Sawai Mansingh Indoor Stadium in Jaipur. Team India will be led by new T20 skipper Rohit Sharma and head coach Rahul Dravid in the home series.

India will take on New Zealand in the first T20 of the three-match T20 series. While India had a dismal run in the recently concluded T20 World Cup 2021 after failing to qualify for the semifinals, New Zealand ended up being the runner-up after losing to Australia in the finals by 8 wickets.

India and New Zealand had last faced each other in their Super 12 stage match in the T20 World Cup tournament, in which India had lost by 8 wickets. This would be New Zealand's first bilateral series in India in four years.

Sourav Ganguly appointed Chairman of ICC Men's Cricket Committee

BCCI President Sourav Ganguly has been appointed as the Chairman of ICC Men's Cricket Committee. He will be succeeding Anil Kumble, who stepped down from the post after having served a maximum of three, 3-year terms.

ICC Chairman Greg Barclay welcomed Ganguly's appointment saying, "I am delighted to welcome Sourav to the position of Chair of the ICC Men's Cricket Committee. His experience as one of the world's best players and latterly as an administrator will help us shape our cricketing decisions moving forward."
The ICC Chairman also thanked Anil Kumble for his outstanding leadership over the last nine years that has included improving the international game through more regular and consistent application of DRS and a robust process for addressing suspect bowling actions.

Miscellaneous

India launches 41st Scientific Expedition to Antarctica

India’s Ministry of Earth Sciences launched the 41st Indian Scientific Expedition to Antarctica (41st ISEA) in November 2021. The first batch of 23 scientists and support staff has reached the Indian Antarctic station Maitri. The expedition has 48 members leaving for over winter at Antarctica and on return the vessel brings back the members of 40th expedition. Four more batches will be landing in Antarctica by air using DROMLAN facility and onboard chartered ice-class vessel MV Vasiliy Golovnin by mid-January 2022.

About National Centre for Polar & Ocean Research (NCPOR)
Director – M.Ravichandran
Headquarters – Vasco-da-Gama, Goa
About Ministry of Earth Sciences
Union Minister – Jitendra Singh
Headquarters – New Delhi, Delhi

UN Secretary General appoints Shombi Sharp as UN Resident Coordinator in India

The United Nations (UN) Secretary General, Antonio Guterres appointed Shombi Sharp of the United States (US), a sustainable development expert, as the UN Resident Coordinator in India.

He will lead the UN team in India, and work towards India’s Covid-19 response plans to recover better for the Sustainable Development Goals. Prior to this he served as the United Nations Resident Coordinator in Armenia.

About Shombi Sharp:
i.He began his career working in the non- profit organization CARE International foundation in Zimbabwe. He is a postgraduate in HIV/AIDS management from the National Medical University of South Africa and Stellenbosch University in South Africa.
ii.Shombi Sharp has the experience of more than 25 years in sustainable development and growth projects.
About United Nations:
India’s Permanent Representative to the UN – T. S. Tirumurti
Headquarters– New York, United States (US)
Secretary General- Antonio Guterres

‘Karnataka Vikas Grameena Bank’ gets ASSOCHAM award for Best Digital Financial Services

The Karnataka Vikas Grameena Bank (KVGB) got the award for the best ‘Digital Financial Services’, in line with India’s vision of ‘Atmanirbhar Bharat’, under the ‘Regional Rural Banks’ (RRBs) category by Associated Chambers of Commerce and Industry of India (ASSOCHAM).
About Associated Chambers of Commerce and Industry of India (ASSOCHAM):
Founded- 1920
President– Vineet Agarwal
Headquarters- New Delhi, Delhi
About Karnataka Vikas Grameena Bank (KVGB):
Established – 2005
Chairman – P. Gopikrishna
Headquarters – Dharwad, Karnataka

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