Daily Current Affairs 22 November for Banking/Insurance/SSC and other related exams.
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NATIONAL NEWS
Indo-US Joint Special Forces Exercise “VAJRA PRAHAR 2023” Commences in Meghalaya
The 14th edition of the Indo-US Joint Special Forces exercise, known as “VAJRA PRAHAR 2023,” commenced at the Joint Training Node in Umroi, Meghalaya, signaling a renewed commitment to enhancing military collaboration and interoperability between the Indian Army and the US Army Special Forces.
- The US contingent is represented by personnel from the 1st Special Forces Group (SFG) of US Special Forces. The Indian Army contingent is led by Special Forces personnel from the Eastern Command.
- It aims at sharing best practices and experiences in areas such as joint mission planning and operational tactics.
Centre Allocates Rs 1,100 Crore for Inland Waterways and Ayush Projects
Union minister Sarbananda Sonowal said more than Rs 1100 crore was granted for the development of 25 inland waterways projects in the Northeast region.
- Sonowal, the Union Minister for Ports, Shipping, Waterways and Ayush directed officials to accord top priority to critical projects of his ministries in the Northeast and ensure their completion by January 2024.
- Of the 25 inland waterways projects in the region, 15 programmes worth Rs 850 crore were granted for Assam.
United Service Institution of India organises Annual UN Forum 2023 on ‘International Humanitarian Law & Peacekeeping’ in New Delhi
United Service Institution of India (USI), the country’s oldest think-tank is organised its Annual UN Forum 2023 in New Delhi. The forum on ‘International Humanitarian Law and Peacekeeping’ is being organised in collaboration with the International Committee of the Red Cross and the Centre for UN Peacekeeping Operations.
- The forum will involve insightful perspectives presented by both academicians and practitioners who have first-hand experience of peacekeeping challenges. Keynote addresses will be delivered by senior officials from the Indian Armed Forces and the Ministry of External Affairs.
BANKING & FINANCE
RBI To Implement A New Penalty Framework For Banks
The Reserve Bank of India (RBI) is reportedly contemplating a comprehensive review of its penalty system. The proposed changes under consideration involve a potential increase in penalty amounts. This adjustment could be based on factors such as the size of the regulated entities, their systemic importance, and the frequency of repeat offenses.
- Additionally, the review may explore clawback of payouts to CEOs and key management personnel (KMP), it said. This aspect, in particular, could hit state-run banks, whose compensation packages have already been under debate when considered against those offered by private banks.
- The initiative to revamp the penalty system aligns with the RBI’s broader goal of enhancing corporate governance standards within regulated entities. The central bank aims to underscore the importance of robust governance structures in maintaining the stability and integrity of the financial system.
BUSINESS & ECONOMY
Goldman Sachs sees India GDP growth at 6.3% in 2024
Goldman Sachs expects the Indian economy to grow at 6.3 per cent in 2024 riding on macro-economic resilience and lower vulnerability to external shocks compared to its peers in the Asia Pacific region.
- In its ‘India 2024 outlook’ released, the global investment bank said that repeated supply side shocks are likely to keep headline inflation above 5.1 per cent in 2024 with core inflation facing resistance at 4.5 per cent.
SPORTS
ICC moves men’s U-19 World Cup from Sri Lanka to South Africa
The ICC Board made the decision to relocate the upcoming men’s Under-19 World Cup from Sri Lanka to South Africa. This move came 11 days after the ICC provisionally suspended the cricket body in Sri Lanka due to government interference.
- In fact, participating nations were apprised some days back after SLC got suspended. South Africa hosted the U19 WC in 2020. The decision got approved at the ICC Board meeting in Ahmedabad.
Australia’s Travis Head got the ‘Man of the Match’ Title in Cricket World Cup 2023
Australia’s Travis Head was declared the Player of the Match in his side’s 2023 ODI World Cup final win against India in Ahmedabad.
- The Australian opener top-scored for his side in a 241-run chase, with a 120-ball 137. Head’s composed knock was studded with 15 fours and six sixes.
- The 29-year-old left-handed batter saw through a menacing opening spell from India’s Jasprit Bumrah and Mohammed Shami to become only the second batter after Aravinda de Silva to score a World Cup final hundred while chasing.
APPOINTMENTS
Mamata Banerjee Names Sourav Ganguly As The ‘Brand Ambassador of Bengal’
West Bengal chief minister Mamata Banerjee, at the Bengal Global Business Summit 2023 in Kolkata,declared former cricketer and ex-president of the Board of Control for Cricket in India Sourav Ganguly, as the “Brand Ambassador of Bengal.”
- The Bengal Global Business Summit, an annual event, has attracted participation from several hundred companies across 17 countries, including the UK, US, Australia, Korea, Japan, Germany, and France.
- CM also unveiled a series of new policies aimed at doubling the state’s exports, upgrading logistical infrastructure, and fostering renewable energy manufacturing.
AWARDS
Deepti Babuta becomes first woman to bag Dhahan Prize for Punjabi literature
Mohali-based Deepti Babuta has left an indelible mark in literary history as the first woman to receive the prestigious Dhahan Prize, the largest international literary award for fiction in the Punjabi language.
- Babuta received the award for her short story collection, ‘Bhukh Eon Sah Laindi Hai’ (‘Hunger Breathes Like This’). She was presented with a cash award of $25,000 CAD and a trophy at a ceremony held at Northview Golf and Country Club in Surrey, British Columbia, Canada.
- Alongside her, two other finalists — Lahore-based Jameel Ahmad Paul and Mohali’s Balijit were awarded $10,000 CAD each.This is for the first time in its 10-year history that the top prize has gone to a woman.
Tamil writer Perumal Murugan wins 2023 JCB Literary Prize for Fire Bird
Tamil writer Perumal Murugan’s novel ‘Fire Bird’, translated into English by Janani Kannan, won the 2023 JCB Prize for Literature, which was announced in New Delhi. The book was published by Penguin Random House India.
- As neither Murugan nor Kannan were present at the award ceremony, publisher and author Manasi Subramaniam received the prize on their behalf.
- The JCB Literary Prize award carries Rs 25 lakh to the author and an additional Rs 10 lakh to the translator.