| Current Affairs | |||
|---|---|---|---|
| 1. | The first virtual global skills summit was co-chaired by Union Ministers Piyush Goyal and Dharmendra Pradhan in New Delhi. | 8. | NCW has introduced Digital Shakti 4.0 to train women in |
| 2. | The Republican Party won a majority in the US House of Representatives. | 9. | On November 16, NASA launched the Artemis 1 mission from Florida’s Kennedy Space Center. |
| 3. | IFSCA and RBI agreed to work together to oversee and supervise regulated enterprises by signing an MoU. | 10. | According to NASSCOM, a 5G telecom network could increase India’s GDP by 2% by 2030. |
| 4. | The director of Meta Public Policy and the head of WhatsApp India left their positions. | 11. | Prime Minister Modi opened the Bengaluru Tech Summit. |
| 5. | Dr. Arvind Virmani, a senior economist, has been appointed to the NITI Aayog as a full-time member. | 12. | November 17, 2022 will mark National Epilepsy Day. |
| 6. | The 2022 World Philosophy Day is November 17. | 13. | Vivek Joshi, the secretary of the department in charge of financial services, has been proposed for election to the RBI Central Board as a director. |
| 7. | Apurva Chandra, secretary of the Ministry of Information and Broadcasting, spoke at the inaugural World Media Congress. | 14. | Amazon.com Inc. has become the first publicly traded company in history to see its market value decline by a trillion dollars. |
| Banking Awareness | |||
|---|---|---|---|
| 1. | Shriram Life Insurance Company has been approved by PFRDA to serve as an Annuity Service Provider (ASP). | 7. | Monitoring shall be done of the use of issue proceeds obtained through QIP and Preferential Issues (PI). |
| 2. | The government sells SUUTI’s interests in Axis Bank. | 8. | Vivek Joshi, secretary of the Department of Financial Services, has been proposed by the central government to serve as a director on the Central Board of the RBI. |
| 3. | State Bank of India and German development bank KfW signed a loan arrangement of €150 million. | 9. | From 10.70% in September to 8.39% in October, wholesale price-based inflation decreased. |
| 4. | The RBI has authorised the opening of nine Vostro accounts by Russian banks with Indian banks. | 10. | In October, India’s exports of goods fell 17% to $29.78 billion. |
| 5. | CareEdge Ratings has given ESAF Small Finance Bank a “best in class” rating for their ESG policies. | 11. | Amazon.com Inc. has lost a trillion dollars in market value, making it the first publicly traded corporation in history to do so. |
| 6. | RBI has given permission to “Open” for a Payment Aggregator licence in principle. |
| Current Affairs | ||
|---|---|---|
| 1. | The first virtual global skills summit was co-chaired by Union Ministers Piyush Goyal and Dharmendra Pradhan in New Delhi. | The Ministry of External Affairs (MEA), Ministry of Commerce and Industry (MoCI), Ministry of Education (MoE), and Ministry of Skill Development and Entrepreneurship have organised the first Virtual Global Skill Summit. The Summit was attended by Indian ambassadors who represented Indian missions in ten different nations. The summit’s major objective was to formalise a system for exchanging data on India’s skill availability and other countries’ skill requirements. The goal of the Virtual Global Skill Summit (VGSS) was to improve global mobility, employability, and other factors by focusing on skill harmonisation and qualification benchmarking, quality standardisation, capacity building, and information exchange. According to NSDC International’s report, finding and keeping a trained workforce of high calibre will be a big problem in the years to come. Future need for skilled labourers will be greatest in the United Arab Emirates, Qatar, the Kingdom of Saudi Arabia, and Germany. |
| 2. | The Republican Party won a majority in the US House of Representatives. | Donald Trump’s Republican Party has won a majority in the 435-member US House of Representatives following the results of the pivotal midterm elections. After a four-year hiatus, the Republican Party took over the House of Representatives. Currently, the Republicans own 218 seats, compared to the Democratic Party’s 211. Nancy Pelosi, a Democrat, will be replaced as Speaker of the House of Representatives by Kevin McCarthy. On January 3 of the following year, the new Congress will be seated. The Senate was still run by Democrats. In the Senate, there are 50 Democratic seats and 49 Republican seats. |
| 3. | IFSCA and RBI agreed to work together to oversee and supervise regulated enterprises by signing an MoU. | A Memorandum of Understanding (MoU) for collaboration on the regulation and oversight of regulated enterprises has been signed by the International Financial Services Centers Authority (IFSCA) and the Reserve Bank of India. This agreement will aid in technological cooperation and the sharing of information, claims an official statement. The agreement’s goal is to increase the financial systems’ stability and safety, creating a conducive climate for economic growth and commercial expansion.A Memorandum of Understanding (MoU) for collaboration on the regulation and oversight of regulated enterprises has been signed by the International Financial Services Centers Authority (IFSCA) and the Reserve Bank of India. This agreement will aid in technological cooperation and the sharing of information, claims an official statement. The agreement’s goal is to increase the financial systems’ stability and safety, creating a conducive climate for economic growth and commercial expansion. |
| 4. | The director of Meta Public Policy and the head of WhatsApp India left their positions. | One week after the company’s largest-ever round of layoffs, Abhijit Bose, WhatsApp’s chief of operations in India, and Rajiv Aggarwal, director of public policy for Meta India, both announced their resignations. Shivnath Thukral, Director of WhatsApp Public Policy in India, is now Director of Public Policy for all Meta brands in India. Shivnath will oversee projects for Facebook, Instagram, and WhatsApp policy development in India. Meta slashed close to 11,000 positions last week around the globe. Ajit Mohan, the director of Meta in India, resigned from his position earlier this month. As President of Asia-Pacific, he joins Snap. |
| 5. | Dr. Arvind Virmani, a senior economist, has been appointed to the NITI Aayog as a full-time member. | His appointment to the NITI Aayog as a full-time member was authorised by PM Narendra Modi. On November 15, the Cabinet Secretariat published a notice. The non-profit Foundation for Economic Growth and Welfare was founded and is currently led by Mr. Virmani. Dr. V K Saraswat, Professor Ramesh Chand, and Dr. V K Paul are the three members of the NITI Aayog, which is headed by the Prime Minister. With “immediate effect,” Virmani has been named a NITI Aayog member. |
| 6. | The 2022 World Philosophy Day is November 17. | On the third Thursday in November, the world observes World Philosophy Day. It was celebrated on November 17 of this year. The primary goal of the day is to increase public awareness of the value of philosophical investigation, analysis, and study of significant contemporary issues. The Human of the Future is the focus of World Philosophy Day in 2022. UNESCO created World Philosophy Day in 2002. World Philosophy Day will be marked every third Thursday in November, as declared by the UNESCO General Conference in 2005. The study of ethics, knowledge, and the nature of existence is known as philosophy. Phlosopha is a Greek word that means “the love of wisdom.” One of the most significant areas of human thought is it. |
| 7. | Apurva Chandra, secretary of the Ministry of Information and Broadcasting, spoke at the inaugural World Media Congress. | He claimed that India had 600 million smartphone users and more than 1.2 billion mobile phone users. He was speaking in Abu Dhabi, United Arab Emirates, at the inaugural World Media Congress. He commended the UAE for hosting the first-ever meeting of its kind. The first Global Media Congress was held in Abu Dhabi, United Arab Emirates, with the emphasis on “Shaping the Future of the Media Industry.” It serves as a platform to strengthen commercial ties in the media industry. It serves as a platform for encouraging innovation in the media industry. |
| 8. | NCW has introduced Digital Shakti 4.0 to train women in | The Digital Shakti Campaign’s fourth phase is known as Digital Shakti 4.0. It was started in association with Meta and the CyberPeace Foundation. It focuses on empowering women to recognise inappropriate or illegal online behaviour and to take appropriate action. The Digital Shakti Campaign is an initiative to empower women and girls online across all of India. In order to assist women across the country in raising awareness on the digital front, Digital Shakti was founded in June 2018. More than 3 Lakh women in India have learned about cyber safety thanks to this project. The Digital Shakti’s third phase began in March 2021 with its Leh Launch. |
| 9. | On November 16, NASA launched the Artemis 1 mission from Florida’s Kennedy Space Center. | NASA launched its most potent rocket yet as part of a grand strategy to land humans back on the Moon. The 98-meter-long Artemis ship travelled through the air at a speed of 160 kph. NASA’s lunar programme was shown in space by the Orion spacecraft, which was launched by the Space Launch System (SLS) rocket. Over the course of the mission, Artemis I will cover approximately 1.3 million miles. It won’t make a moon landing and come back to Earth in 26 days. NASA intends to launch the next mission to the Moon in 2024 with four astronauts, and to set foot on the Moon in early 2025. After the Apollo mission, this is a significant step toward returning US astronauts to the Moon. |
| 10. | According to NASSCOM, a 5G telecom network could increase India’s GDP by 2% by 2030. | The National Association of Software and Services Companies (NASSCOM) and Arthur D. Little have published a report. According to the report, by 2030, the 5G network technology is predicted to add nearly 2% to India’s GDP, or $180 billion. 30% of the anticipated $ 180 billion potential will come from the energy and utility industries. Retail (20%), healthcare (15%), and the manufacturing sector’s (10%) contributions will come after it. The manufacturing sector’s 5G penetration will rise as a result of digital transformation and smart factories. India currently has the second-highest number of telecom customers in the world, with 1.1 billion subscribers. By 2025, it is anticipated that telecom operators’ Average Revenue Per User (ARPU) will rise to Rs 335 from Rs 162. According to the report, the use of smartphones, digital payments, e-commerce, etc. would all help to increase the industry’s ARPUs. According to the report, sectoral reforms, enhancements to the user experience, and a quick launch of services would all aid in the expansion of the telecom industry. |
| 11. | Prime Minister Modi opened the Bengaluru Tech Summit. | On November 16, Prime Minister Narendra Modi essentially opened the Bengaluru Tech Summit 2022’s silver anniversary edition (BTS 22). A plaque commemorating the silver anniversary festivities was unveiled by Karnataka Chief Minister Basavaraj Bommai. Bengaluru has ranked first in the India Innovation Index for many years, according to Prime Minister Modi, who was speaking at the opening of the 25th Bengaluru Tech Summit 2022. In India, the number of unicorn startups has doubled. We rank as the third-largest startup hotspot in the world in such a scenario. For the first time, startups from 16 different Indian states are now taking part in Bengaluru Tech Summit 22. Over 575 exhibitors, over 20 product launches, and at least 9 Memorandums of Understanding will take place at the summit. The conference’s theme for this year is “Tech4NextGen.” This event was organised by the department of IT and business technology in collaboration with Software Technology Parks of India (STPI). |
| 12. | November 17, 2022 will mark National Epilepsy Day. | The 17th of November is designated as National Epilepsy Day each year. It is a cause for celebration to educate people about epilepsy. About 80% of epilepsy sufferers reside in low- and middle-income nations. The World Health Organization (WHO) estimates that 50 million individuals worldwide suffer from epilepsy. National Epilepsy Day was established by the Epilepsy Foundation of India as part of an international campaign to eradicate epilepsy. In Mumbai, Maharashtra, Dr. Nirmal Surya founded the Epilepsy Foundation of India in 2009. |
| 13. | Vivek Joshi, the secretary of the department in charge of financial services, has been proposed for election to the RBI Central Board as a director. | He has been proposed by the Central Government to serve as a director on the RBI Central Board. From November 15, 2022, until further orders, he is nominated. On November 1, he began serving as the Department of Financial Services’ secretary. Formerly employed by the Department of Expenditure as a joint secretary. |
| 14. | Amazon.com Inc. has become the first publicly traded company in history to see its market value decline by a trillion dollars. | On November 9, 2022, its stock dipped 4.3%. Its market value dropped from a record $1.88 trillion in July 2021 to roughly $879 billion. This year’s unprecedented stock selloff was brought on by increasing inflation and tightening monetary policies. This year’s unprecedented selloff was also brought on by disappointing earnings announcements. Since its peak in November 2021, Microsoft Corp. has lost $889 billion. The market value of the top five US technology companies by revenue fell by about $4 trillion this year. |