Daily Current Affairs: November 16, 2021

Daily Current Affairs (November 16, 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

International Day of Tolerance – 16 November

• International Day of Tolerance is observed on 16 November to create public awareness about the dangers of intolerance.
• The United Nations had declared 1995 as the Year for Tolerance.
• The Declaration of Principles on Tolerance was formulated by the United Nations Educational, Scientific and Cultural Organization (UNESCO) on 16 November 1995.
• Theme for 2021: ‘Tolerance is respect, acceptance and appreciation of the rich diversity of our world’s cultures, our forms of expression and ways of being human’.

National Press Day – 16 November

• National Press Day is observed on 16 November to acknowledge and honour the Press Council of India.
• This day is aimed at highlighting the importance of an independent press in a democracy.
• The Press Council of India was established on 16 November 1966 to oversee the quality of reporting in the Indian press.
• This day symbolises freedom of the press and its responsibilities towards society.

National News

India launches its 41^st scientific expedition to Antarctica

• India successfully launched the 41^st scientific expedition to Antarctica. The first batch comprises 23 scientists and support staff.
• The 41^st Antarctic expedition of India features two major programmes. One has to do with the Amery Ice Shelf, while the other has to do with the ice core drilling near the Maitri research station.
• The Indian Antarctic programme began in 1981 has completed 40 scientific expeditions so far.
• India has built three permanent research base stations in Antarctica, named Dakshin Gangotri, Maitri and Bharati.

Union Government brings an ordinance to extend the tenure of Enforcement Directorate and Central Bureau of Investigation (CBI) directors for five years

• The Union Government has brought an ordinance to extend the tenure of Enforcement Directorate (ED) and Central Bureau of Investigation (CBI) directors up to five years.
• At present, the directors of the Central Bureau of Investigation and Enforcement Directorate have been appointed for two-year tenure by the Central Vigilance Commission (CVC) Act, 2003.

India observes its first edition of Audit Diwas on 16 November

• Prime Minister Modi presented a statue of Sardar Vallabhbhai Patel at the office of the Comptroller and Auditor General of India (CAG) on 16 November to commemorate the first edition of Audit Diwas.
• Audit Diwas is celebrated to mark the historical origin of the institution of the Comptroller and Auditor General of India (CAG) and the contribution it has made to the governance, transparency and accountability over the past several years

Banking & Economy

Union Government and the Asian Development Bank signed a pact for the development of Agartala

• Union Government has inked a pact with the Asian Development Bank for a $61 million (around ₹454 crores) loan to fund development projects in Agartala, Tripura.
• This agreement was signed to increase liveability, harness technology and promote new developments in Agartala in order to handle the city’s growing population while also strengthening state agencies’ capability for improved service delivery.

Tripura                    

• Capital: Agartala
• Chief Minister: Biplab Kumar Deb
• Governor: Satyadev Narayan Arya

Reserve Bank of India introduces an internal ombudsman mechanism for NBFCs

• The Reserve Bank of India (RBI) has directed a few non-banking finance companies (NBFCs) to appoint an internal ombudsman to oversee their internal grievance redressal mechanisms within six months under Section 45 (L) of the Reserve Bank of India Act, 1934.
• All deposit-taking NBFCs with 10 or more branches as well as non-deposit taking NBFCs with asset size of ₹5000 crores and more and having public customer interface, to appoint internal ombudsman at the top of their internal grievance redressal mechanism.
• Any complaints that have been partially or completely rejected by the NBFC will be evaluated by the ombudsman before the final decision of the NBFC is conveyed to the complainant.

Reserve Bank of India (RBI)

• Headquarters: Mumbai, Maharashtra
• Formation: 1 April 1935
• Governor: Shaktikanta Das
• Deputy Governors: K. Jain, M. D. Patra, M. Rajeshwar Rao and T. Rabi Sankar
• Subsidiaries: Deposit Insurance and Credit Guarantee Corporation (DICGC), Bharatiya Reserve Bank Note Mudran Limited (BRBNML)

Karnataka Bank launches CASA (current account savings account) campaign for 2021–22

• Karnataka Bank launched CASA (current account savings account) campaign for 2021–22 and introduced a new current account scheme named ‘KBL Current Account – Premium’, which – Premium’, which is specifically designed to meet the needs of small and medium entrepreneurs.
• Under this scheme, customers can have a new current account by maintaining a monthly average balance of ₹25,000 and can avail a host of premium facilities.

Karnataka Bank

• Headquarters: Mangalore
• MD & CEO: S. Mahabaleswara

Appointments

Pradeep Kumar was appointed as the Chairman of Karnataka Bank

• Pradeep Kumar was appointed as the Chairman of Karnataka Bank for a period of three years from 14 November.
• He succeeds Jayarama Bhat.
• He became a member of the State Bank of India as a probationary officer in 1976 and was the Managing Director of the State Financial institution of Travancore throughout 2010–

Awards and Recognitions

UST was named as a leader in the Nelson Hall NEAT Report for Blockchain Services in banking

• A leader in digital transformation solutions, UST was named a Leader in the Nelson Hall NEAT Report for Blockchain Services in the banking capability marketplace.
• UST’s blockchain services are focused on transforming organisations and ecosystems by creating custom solutions that enable innovative business models based on data reliability and operational agility.

Defence News

India, Singapore and Thailand participates in the third SITMEX trilateral maritime exercise

• The third edition of the Singapore–India–Thailand maritime exercise SITMEX 21 took place in the Andaman Sea hosted by the Royal Thai Navy (RTN).
• This trilateral exercise will focus on tactical naval manoeuvres and surface warfare drills.
• The indigenously built missile corvette Indian naval ship INS Karmuk took part in the trilateral maritime exercise.

Sports News

Lewis Hamilton wins Sao Paulo F1 Grand Prix 2021

• Mercedes driver Lewis Hamilton from Great Britain won the Sao Paulo Formula 1 Grand Prix (earlier known as Brazilian Grand Prix) 2021.
• Red Bull’s Max Verstappen came second and Mercedes’ Valterri Bottas came third in the Brazilian Grand Prix.

Obituary

Veteran Hindi writer Mannu Bhandari passed away

• Renowned Hindi writer Mannu Bhandari passed away in New Delhi at the age of 90.
• She wrote ‘Aapki Banti’ and ‘Mahabhoj’ novels.
• Her famous novel ‘Yahi Sach Hai’ was adapted into a Hindi movie ‘Rajnigandha’ in 1974.

Daily CA November 16 One-liner:

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