Daily Current Affairs: November 12, 2021

Daily Current Affairs (November 12, 2021) like many other sections is inevitable and this also helps to score in the Banking awareness, Static GK, and Financial Awareness sections. Remember, Banking Awareness, and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

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Important Days

World Pneumonia Day – 12 November

• World Pneumonia Day is observed on 12 November to raise awareness about Pneumonia disease.
• Pneumonia is considered to be the world’s leading infectious disease and the most impacted age group are children below five years of age.
• World Pneumonia Day was first established in 2009.
• Theme for 2021: ‘Stop Pneumonia/Every Breath Counts’.

National News

Narendra Modi launches the RBI Retail Direct and RBI Integrated Ombusdman schemes

• Prime Minister Narendra Modi launched two customer-centric initiatives of the Reserve Bank of India (RBI) — retail direct scheme and integrated ombudsman scheme to provide opportunities to retail investors to participate in the government securities market and contribute towards nation-building.
• With the help of the RBI Retail Direct scheme, we can access the government securities market both primary and secondary markets by opening a gilt securities account (Retail Direct) with the Reserve Bank of India (RBI).
• The Reserve Bank-Integrated Ombudsman Scheme (RB-IOS) is aimed at further improving the grievance redress mechanism for resolving customer complaints against entities regulated by the RBI.

State News

India’s first-ever National Yogasana Championships begins in Bhubaneswar from 11–13 November 2021

• India’s first-ever National Yogasana Championships began in Odisha’s Bhubaneswar from 11–13 November 2021, organised by National Yogasana Sports Federation (NYSF).
• Yogasana sport for both male and female categories has been included in the Khelo India Youth Games 2021.

Odisha Government launches the road safety initiative ‘Rakshak’

• Odisha Chief Minister Naveen Patnaik launched a road safety initiative ‘Rakshak’, under which 30,000 first responders will be trained by 300 master trainers in all 30 districts.
• These 30,000 first responders will be equipped to administer first aid and pre-hospital trauma care to accident victims within the golden hour.

Odisha                         

• Capital: Bhubaneswar
• Chief Minister: Naveen Patnaik
• Governor: Ganeshi Lal
• Festivals: Dhanu Yatra, Budi Thakurani Yatra, Magha Saptami, Chhau, Dola Purnima
• Lakes: Kanjia Lake, Chilika Lake, Ansupa Lake, Pata Lake
• Folk Dances: Chhau, Gotipua, Ghumura, Ranappa, Chaiti Ghoda, Sambalpuri
• Dams: Hirakud Dam, Indravati Dam, Rengali Dam, Jalaput Dam, Mandira Dam, Patora Dam
• National Parks: Bhitarkanika National Park, Simlipal National Park,

Banking & Economy

India Post Payments Bank ties up with Bajaj Allianz Life Insurance launches the insurance products

• Bajaj Allianz Life Insurance has tied up with the India Post Payments Bank (IPPB) and the Department of Posts (DoP), launching two insurance products to tap the vast rural customers across India.
• This partnership will assist customers, particularly those from lower socio-economic groups and those living in unbanked or underserved areas, in becoming financially secure and empowered and is in keeping with IPPB’s goal of providing consumers with value-added goods and services.
• Through this alliance, Bajaj Allianz Life Insurance Company(BALIC) has become the first private life insurer in India to enter into a tie-up with the Department of Posts for the sale of Point of Sale (PoS) products.

India Post Payments Bank (IPPB)

• Headquarters: New Delhi

Bombay Stock Exchange joins hands with All India MSME Association (AIMA MSME) to promote the listing of MSMEs and start-ups

• Bombay Stock Exchange (BSE) has collaborated with the All India MSME Association (AIMA MSME) to encourage and promote the listing of MSMEs and start-ups.
• AIMA MSME will assist BSE in evaluating MSMEs and start-ups for listing on the exchange’s Small and Medium Enterprises (SME) platform, as well as raising awareness of listed MSMEs among its investor network.
• Those two entities will hold collaborative roadshows and events around India to boost awareness of the exchange’s SME section among micro, small and medium enterprises (MSMEs).

Bombay Stock Exchange (BSE)

• Headquarters: Mumbai, Maharashtra
• Chairman: Vikramajit Sen
• MD & CEO: Ashishkumar Chauhan

Mobikwik ties up with the National Payments Corporation of India (NPCI) and Axis Bank Mobikwik RuPay card

• Mobikwik has collaborated with the National Payments Corporation of India (NPCI) and Axis Bank to launch MobiKwik RuPay card.
• Customers may now obtain up to ₹2 lakhs of their MobiKwik wallet balance mirrored on the MobiKwik RuPay prepaid card and the card is free of charge and fully digital, in line with the growing demand for digital payments across online and brick & mortar stores.

National Payments Corporation of India (NPCI)

• Headquarters: Mumbai, Maharashtra
• Non-Executive Chairman: Biswamohan Mahapatra
• MD & CEO: Dilip Asbe
• Founded: 2008

Reserve Bank of India (RBI) permits banks to offer interest rates on FCNR (B) deposits

• The Reserve Bank of India (RBI) has agreed to allow banks to provide interest rates on Foreign Currency Non-Resident Account (FCNR) (B) deposits based on the commonly used Overnight Alternative Reference Rate (ARR) for the relevant currency, with a 50 basis point (bps) increase in the interest rate ceiling.
• This comes in view of the impending discontinuance of LIBOR (London Inter-Bank Offered Rate) as a benchmark rate.
• The RBI stated that the interest rate ceiling on FCNR (B) deposits with terms ranging from one to three years will be overnight ARR for the corresponding currency/Swap plus 250 basis points, against LIBOR/ Swap plus 200 basis points now.

Appointments

Sheel Vardhan Singh and Atul Karwal were appointed as the chiefs of CISF and NDRF

• Senior IPS officers Sheel Vardhan Singh and Atul Karwal were appointed as chiefs of the Central Industrial Security Force (CISF) and the National Disaster Response Force (NDRF),
• Sheel Vardhan Singh is an IPS officer of the Bihar cadre, whereas Atul Karwal is from Gujarat cadre.
• Sheel Vardhan Singh is currently serving as the Special Director in the Intelligence Bureau and Atul Karwal is presently working as a Director of the Sardar Vallabhbhai Patel National Police Academy, Hyderabad.

Ranks and Indices

Nykaa founder Falguni Nayar becomes India’s wealthiest self-made female billionaire

• Nykaa’s founder Falguni Nayar has become India’s wealthiest self-made female billionaire, according to the Bloomberg Billionaires Index published by Bloomberg News.
• Falguni Nayar, who formerly led a top Indian investment bank, founded Nykaa in 2012. The word Nykaa is derived from the Sanskrit word for heroine. The firm sells items including exfoliation creams, bridal make-up essentials and hundreds of shades of lipstick, foundation and nail colour.

Sports News

U-23 Women’s World Wrestling Championships 2021 takes place in Belgrade, Serbia

• Senior U-23 Women’s World Wrestling Championships 2021 took place in Belgrade, Serbia, in which Indian wrestlers Shivani, Anju, Radhika and Nisha won medals for India.
• Shivani Pawar (50 kg) – Silver medal

Anju (55 kg) – Bronze medal

Radhika (62 kg) – Bronze medal

Nisha (65 kg) – Bronze medal

India finishes the International Shooting Sport Federation (ISSF) President’s Cup 2021 with five medals

• India finished the International Shooting Sport Federation (ISSF) President’s Cup 2021 with five medals.
• Manu Bhaker – two gold medals in the25 m Rapid Fire Pistol Mixed Team event and 10 m Air Pistol Mixed Team

Rani Sarnobat – silver medal in the Women’s 25 m Pistol event.

Saurabh Chaudhary – silver medal in the Men’s 10 m Air Pistol event

Abhishek Verma – bronze medal in the Men’s 10 m Air Pistol event.

Obituary

Former South African President F. W. de Klerk passed away

• South Africa’s last white President, Frederik Willem (FW) de Klerk passed away at the age of 85.
• He shared the Nobel Peace Prize with Mandela in 1993 for helping to negotiate an end to apartheid.
• He served as a President from 1989 to 1994 and as Deputy President from 1994 to 1996.
• He and his government dismantled the apartheid system and introduced universal suffrage.

Noted academician and philosopher Koneru Ramakrishna Rao passed away

• Noted academician and former chancellor of GITAM (deemed to be University) and Padma Shri awardee Koneru Ramakrishna Rao passed away at the age of 89.
• He was a well-known internationally recognised psychologist, Gandhian scholar and educator, who won the Padma Shri award in 2011.

Daily CA- 12 November One Liners

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