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25th-27th November, 2023

Chair of International Sugar Organisation, Asian Development Bank, 7th edition of Bengal Global Business Summit, world’s first 3D printed temple, Al Dhafra Solar PV project, Exercise AUSTRAHIND-23, SURYA KIRAN- XVII, Best Employer for Policies in Diversity & Inclusion, National Metallurgist Award 2022, First-ever Khelo India Para Games 2023, World Wushu Championship 2023, 2023 Asian Para Archery Championship, Namma Kambala, Nasha Mukt Bharat Abhiyaan, Digital Rupee, Federation of Indian Chambers of Commerce & Industry, Mapping of the Archives in India, India’s first Female Supreme Court Judge

  1. India has been elected as the Chair of International Sugar Organisation (ISO) for 2024 in its 63rd council meeting held in London.
  2. Asian Development Bank has approved USD 500 million in loan for healthcare and medical education in Maharashtra.
  3. 7th edition of Bengal Global Business Summit has been held in Kolkata, West Bengal.
  4. Telangana has unveiled world’s first 3D printed temple in Siddipet.
  5. UAE has inaugurated one of the world’s biggest solar plant, Al Dhafra Solar PV project.
  6. RBI has superseded Abhyudaya Co-operative bank Board for 12 months due to poor governance standards.
  7. RBI has imposed monetary penalty on Citibank, Bank of Baroda and Indian Overseas Bank for non-compliance with its direction.
  8. Mastercard has partnered with MSME lender U GRO Capital.
  9. Indian Armed Forces contingent has participated in the second edition of Joint Military Exercise AUSTRAHIND-23 conducted in Perth, Australia from 22nd November to 6th December 2023.
  10. India-Nepal joint military exercise SURYA KIRAN- XVII has commenced in Pithoragarh, Uttarakhand.
  11. REC Limited has been awarded “Best Employer for Policies in Diversity & Inclusion” award at the 4th Diversity & Inclusion Excellence Awards and Conclave organized by ASSOCHAM.
  12. Ministry of Steel has presented National Metallurgist Award 2022 to recognize excellence & contribution of Metallurgists in Iron & Steel Sector.
  13. International Day for Elimination of Violence against Women
  14. Union Minister of Youth Affairs and Sports, Anurag Thakur has launched the logo and mascot of First-ever Khelo India Para Games 2023 to be held in Delhi.
  15. India has won 3 medals in World Wushu Championship 2023 held in Texas, USA.
  16. Indian Para-Archery team has won 9 medals in 2023 Asian Para Archery Championship and Continental Qualifying Tournament 2024 held in Bangkok, Thailand from 16 to 25 November.
  17. Bengaluru has hosted Namma Kambala on 25-26 November.
  18. Directorate General of Foreign Trade has signed a memorandum of understanding (MoU) with Amazon India to enable micro, small and medium enterprises (MSMEs) and boost e-commerce exports from the country.
  19. HSBC India and UK Export Finance have tied up for 100-million-pound financing programme.
  20. World Bank and the Global Fund to Fight AIDS, Tuberculosis, and Malaria (the Global Fund), have signed a Memorandum of Understanding (MoU) to strengthen health systems in countries of the Global South.
  21. Headquarters, Integrated Defence Staff & Council of Scientific and Industrial Research has signed MoU on for technical collaboration and joint research and development in the field of Defence Technology.
  22. Department of Social Justice and Empowerment has signed MoU with International Society for Krishna Consciousness (ISKCON) for Nasha Mukt Bharat Abhiyaan.
  23. IndusInd Bank has partnered with Indraprastha Gas Limited (IGL) to use India’s Digital Rupee at select IGL stations in New Delhi.
  24. Indian cricketer Ravindra Jadeja has been appointed as the brand ambassador of AS-IT-IS Nutrition.
  25. Managing director and CEO of the Mahindra Group, Anish Shah has been appointed as president-elect of Federation of Indian Chambers of Commerce & Industry (FICCI).
  26. Rajneesh Goyal has been appointed as the Chief Secretary of Karnataka.
  27. Indira Gandhi National Centre for the Arts (IGNCA) has launched the book ‘Mapping of the Archives in India’ in New Delhi.
  28. India’s first Female Supreme Court Judge Justice Fathima Beevi has passed away.

Table of Content

National News

  1. India has been elected as the Chair of International Sugar Organisation (ISO) for 2024 in its 63rd council meeting held in London.
      • About Indian Sugar Industry
        • India is the largest consumer and the second-largest producer of sugar globally, holding about 15% share in global sugar consumption and 20% in sugar production.
        • India is a key player in the International Sugar Organisation (ISO) with around 90 countries as members.
      • Ethanol Production and Commitment to Green Energy
        • India is the third-largest country in the world in ethanol production after the USA and Brazil.
        • Demonstrates commitment to green energy, using surplus sugar production for ethanol to reduce fossil fuel imports.
        • Ethanol blending percentage increased from 5% in 2019-20 to 12% in 2022-23.
      • International Collaborations
        • National Sugar Institute, Kanpur has collaborated with several countries for technology transfer and best practices.
        • Collaborations with countries including Indonesia, Nigeria, Egypt, Fiji, etc., to share the latest technologies in the sugar sector.
Knowledge Nuggets -
About International Sugar Organisation-
• It is the unique intergovernmental body devoted to improving conditions on the world's sugar market through Debate, Analysis, Special Studies, Transparent Statistics, Seminars, Conferences and Workshops.
• Headquarters- London, UK
• Established- 1968
• Members- 88
• Executive Director- Jose Orive

Source: PIB, isosugar

State News

  1. Asian Development Bank has approved USD 500 million in loan for healthcare and medical education in Maharashtra.
      • Objectives
        • To enhance the quality and affordability of tertiary health care and medical education in Maharashtra.
        • To support its vision of providing affordable and accessible tertiary healthcare to all by 2030.
      • More about programme
        • It intends to construct four new medical colleges with associated tertiary care hospitals.
        • These facilities will be designed to be resilient to climate and disasters, gender-sensitive, and socially inclusive.
        • The program will establish India’s inaugural state-led centres of excellence in healthcare and medical education.



Knowledge Nuggets -
About ADB-
• Asian Development Bank is a regional development bank for social and economic development.
• Headquarters- Manila, Philippines
• Established- 1966
• President- Masatsugu Asakawa
Source: livemint

  1. 7th edition of Bengal Global Business Summit has been held in Kolkata, West Bengal.
      • Key details
        • West Bengal has received investment proposals worth over ₹3.76 lakh crore.
        • Around 25 Letter of Intent have been signed in the healthcare sector amounting to proposals of around Rs 7,933 crore.
        • IT & IT enabled services sector has received five MoUs with investment proposals of around Rs 4,000 crore.
        • Uber has proposed to invest $10 million by 2025 in the state and create approximately 50,000 livelihood opportunities in Kolkata in the next 5 years.
        • Proposals for school education and higher education worth Rs 1,676 crore and ₹360 crore have been received respectively.
          Source: The Hindu

  2. Telangana has unveiled world’s first 3D printed temple in Siddipet.
      • Built by
        • Hyderabad Apsuja Infratech in collaboration with additive manufacturing solutions provider Simpliforge Creations.

Source: TOI

International News

  1. UAE has inaugurated one of the world’s biggest solar plant, Al Dhafra Solar PV project.
      • About Al Dhafra Solar PV project
        • It stretches over 21 square kilometres of desert.
        • It will save Carbon dioxide of over 2 million tons a year.
        • Production capacity– 2 gigawatts
          Source: ET

Banking and Economy

  1. RBI has superseded Abhyudaya Co-operative bank Board for 12 months due to poor governance standards.
      • A three-member committee of advisors has been appointed to assist the administrator.
      • Administrator will streamline the governance and secure proper management of the bank.
Knowledge Nuggets -
About Abhyudaya Co-operative bank-
• Abhyudaya Co-operative Bank Ltd is an urban multi-state Cooperative banking institution.
• It is operating as a co-operative bank since 1965.
• Headquarters- Maharashtra
Source: Business Standards

  1. RBI has imposed monetary penalty on Citibank, Bank of Baroda and Indian Overseas Bank for non-compliance with its direction.
      • Details of penalty
        • Citibank
          • Amount- 5 crore
          • Reason- contravention of the provisions of the BR Act and non-compliance with its directions on ‘Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks read with Know Your Customer (KYC) Direction, 2016
        • Bank of Baroda
          • Reason- BoB failed to ensure accuracy and integrity of data on large exposures submitted to RBI with respect to some accounts and negligence in sanctioning a term-loan.
          • Amount- 4.34 crore
        • Indian Overseas Bank
          • Amount- 1 crore
          • Reason- For non-compliance with its Directions on ‘Loans and Advances – Statutory and Other Restrictions
            Source: Hindu Business Line
  2. Mastercard has partnered with MSME lender U GRO Capital.
      • Objective
        • To offer short-term loans as a digital supply chain financing solution to dealers/distributors and last-mile retailers, among other small merchants and women entrepreneurs.
      • How partnership will work?
        • Mastercard will bring together the demand and supply side ecosystem stakeholders to facilitate support to small businesses using its vast network.
        • U GRO Capital will leverage its proprietary underwriting and cash flow-backed assessment model to offer credit.
      • Mastercard’s inclusion target
        • Mastercard’s has announced to get 1 billion people and 50 million micro and small businesses, including 25 million female entrepreneurs into the digital economy by 2025.
          Source: FE

Defence News

  1. Indian Armed Forces contingent has participated in the second edition of Joint Military Exercise AUSTRAHIND-23 conducted in Perth, Australia from 22nd November to 6th December 2023.
      • Objectives
        • To foster collaborative partnership and share best practices between the two sides.
        • To promote inter- operability while undertaking multi-domain operations in Urban and Semi- Urban terrain under Chapter VII of United Nations on peace keeping operations.
      • Focus areas of cooperation
        • Exercise will promote exchange of ideas and jointly rehearse tactics, technique and procedures for conducting tactical operations
        • It will also focus on casualty management and evacuation.
Knowledge Nuggets -
About AUSTRAHIND-
• It is an annual training event to be conducted between armed forces of India and Australia.
• It will be held alternatively in India and Australia.
• Exercise AUSTRAHIND was instituted in 2022.
• The first edition was conducted in Mahajan, Rajasthan.
Source: PIB

  1. India-Nepal joint military exercise SURYA KIRAN- XVII has commenced in Pithoragarh, Uttarakhand.
      • More about Surya Kiran
        • Objective
          • 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.
        • Participating forces
          • Indian Army- Battalion from the KUMAON Regimen
          • Nepal Army- Tara Dal Battalion
        • The exercise will focus on employment of drones and counter drone measures, medical training, aviation aspects and also environment conservation.
          Source: PIB

Awards

  1. REC Limited has been awarded “Best Employer for Policies in Diversity & Inclusion” award at the 4th Diversity & Inclusion Excellence Awards and Conclave organized by ASSOCHAM.
Knowledge Nuggets -
About REC Limited-
• It is a Government of India enterprises under Ministry of Power with Maharatna status
• Headquarters- New Delhi
• Established- 1969
About ASSOCHAM -
• The Associated Chambers of Commerce and Industry of India (ASSOCHAM) is a non-governmental trade association and advocacy group based in New Delhi, India.
• The organisation represents the interests of trade and commerce in India, and acts as an interface between issues and initiatives.
• Headquarters- New Delhi
• Established- 1920
Source: PIB

  1. Ministry of Steel has presented National Metallurgist Award 2022 to recognize excellence & contribution of Metallurgists in Iron & Steel Sector.
      • Awardees and category
Awardee NameAward category
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

Source: PIB

Important Days

  1. November 25– International Day for Elimination of Violence against Women; Theme– UNITE! Invest to prevent violence against women and girls
    Source: UNWomen

Sports

  1. Union Minister of Youth Affairs and Sports, Anurag Thakur has launched the logo and mascot of First-ever Khelo India Para Games 2023 to be held in Delhi.
      • About Para Games 2023
        • Mascot– ‘Ujjwala’- a sparrow
        • Schedule– December 10-17
        • Venue
          • Jawaharlal Nehru Stadium, Delhi
          • Dr Karni Singh Shooting Range, Delhi
          • Indira Gandhi Stadium, Delhi
        • Sports -Para-athletics, Shooting, Archery, Football, Badminton, Table tennis and Weightlifting
          Source: The Hindu
  2. India has won 3 medals in World Wushu Championship 2023 held in Texas, USA.
      • Winner’s list
WinnerMedal
Naorem Roshibina DeviSilver
Kushal KumarBronze
Chhavi RuhelaBronze
Knowledge Nuggets -
About Wushu Game-
• It is a competitive Chinese martial art.
• It integrates concepts and forms from various traditional and modern Chinese martial arts, including Shaolin kung fu, tai chi, and Wudangquan.
Source: TOI

  1. Indian Para-Archery team has won 9 medals in 2023 Asian Para Archery Championship and Continental Qualifying Tournament 2024 held in Bangkok, Thailand from 16 to 25 November.
      • Medal tally and rank
Source: Print

  1. Bengaluru has hosted Namma Kambala on 25-26 November.
Knowledge Nuggets -
About Kambala-
• Kambala is an annual buffalo race held in the southwestern Indian state of Karnataka.
• In this buffalo are driven through a slushy paddy field by farmers.

Source: HT

Memorandum of Understanding

  1. Directorate General of Foreign Trade has signed a memorandum of understanding (MoU) with Amazon India to enable micro, small and medium enterprises (MSMEs) and boost e-commerce exports from the country.
      • Objective
        • The core objective is to leverage e-commerce platforms to support local exporters, manufacturers, and MSMEs in reaching potential international buyers.
      • More about MoU
        • Amazon and DGFT will co-create capacity-building sessions, training, and workshops for MSMEs in districts identified under the initiative.
        • The collaboration aligns with the Foreign Trade Policy 2023, which identifies e-commerce as a focus area to amplify India’s exports.
        • The MoU with Amazon India initially covers 20 districts for capacity-building and handholding sessions.
        • The overarching goal is to make substantial strides towards the target of achieving $1 trillion in goods exports by the year 2030.
          Source: PIB
  2. HSBC India and UK Export Finance have tied up for 100-million-pound financing programme.
      • Objective
        • To support Indian Micro, Small and Medium Enterprises (MSMEs) and corporates for financing their imports from Britain.
      • About India-UK trade relation
        • India was the UK’s 12th largest trading partner in the four quarters to the end of Q2 2023, accounting for 2.1 per cent of total UK trade.
        • In 2021, 7,500 UK SMEs, with 317,300 employees, exported goods worth £1.2 billion to India, making up 85% of all UK businesses exporting to India.
          Source: Business Standard
  3. World Bank and the Global Fund to Fight AIDS, Tuberculosis, and Malaria (the Global Fund), have signed a Memorandum of Understanding (MoU) to strengthen health systems in countries of the Global South.
      • Objective
        • To support more efficient, effective, and sustainable financing to improve health outcomes in the face of climate change.
      • More about MoU
        • The collaboration focuses on climate and health priorities to alleviate the burden of diseases such as malaria, HIV/AIDS, and tuberculosis (TB).
        • Focus is placed on strengthening health systems, ensuring better access to primary healthcare services for the most vulnerable populations.
          Source: global fund
  4. Headquarters, Integrated Defence Staff & Council of Scientific and Industrial Research has signed MoU on for technical collaboration and joint research and development in the field of Defence Technology.
      • Objective
        • To provide an umbrella framework for initiating collaborative interaction between CSIR Labs, HQ IDS and Armed Forces for enhancing scientific understanding of technologies related to defence and undertaking joint research and development in dual use technologies.
          Source: PIB
  5. Department of Social Justice and Empowerment has signed MoU with International Society for Krishna Consciousness (ISKCON) for Nasha Mukt Bharat Abhiyaan.
      • Objective
        • To synergize efforts in control drug usage, especially among the youth and to create addiction-free nation.
Knowledge Nuggets -
About Nasha Mukt Bharat Abhiyaan-
• Nasha Mukt Bharat Abhiyaan was launched on 15th August 2020 by the Ministry of Social Justice and Empowerment.
• It is presently being implemented in 372 identified most vulnerable districts.
• Objective-
o The aim of the Abhiyaan is to create awareness about the ill effects of substance abuse among the youth, with a special focus on higher education institutes, university campuses and schools.
Source: AIR

  1. IndusInd Bank has partnered with Indraprastha Gas Limited (IGL) to use India’s Digital Rupee at select IGL stations in New Delhi.
      • Customers will be able to use the Digital Rupee for transaction through a user-friendly app on both iOS and Android Platform.

Knowledge Nuggets -
About IndusInd Bank-
• Headquarters- Mumbai
• Established- 1994
• CEO- Sumant Kathpalia

Source: ET

Appointments

  1. Indian cricketer Ravindra Jadeja has been appointed as the brand ambassador of AS-IT-IS Nutrition.
    Source: ANI
  2. Managing director and CEO of the Mahindra Group, Anish Shah has been appointed as president-elect of Federation of Indian Chambers of Commerce & Industry (FICCI).
      • He is currently the Senior Vice-President of FICCI.
Knowledge Nuggets -
About FICCI-
• It is a non-government, not-for-profit organisation.
• It serves its members from the Indian private and public corporate sectors and multinational companies, drawing its strength from diverse regional chambers of commerce and industry across states, reaching out to over 2,50,000 companies.
• Headquarters- New Delhi
• Established- 1927
Source: Hindu Business Line, ficci

  1. Rajneesh Goyal has been appointed as the Chief Secretary of Karnataka.
    Source: The Hindu

Miscellaneous

  1. Indira Gandhi National Centre for the Arts (IGNCA) has launched the book ‘Mapping of the Archives in India’ in New Delhi.
      • More details
        • Authored by– Prof. Ramesh Chandra Gaur and Vismay Basu
        • Published by– IGNCA and UNESCO
        • The book contains 424 directories of archives of India.
        • Also, during the event Descriptive e- Catalogue of ‘Aagam- Tantra- Mantra- Yantra, Khand- 3, Bhag – 1-5’.
          Source: PIB





  2. India’s first Female Supreme Court Judge Justice Fathima Beevi has passed away.
      • She has served as SC judge from 1989 to 1992.
        Source: DH




CEO of Anujjindal.in

About Anuj Jindal

━━━━━
Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 5 years of experience in the field of Education.

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