Daily Current Affairs: 11 November 2022
Daily Current Affairs: 11 November 2022
Daily Current Affairs: 11 November 2022
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National Education Day is first observed by the Ministry of Human Resource Development on
It is observed every year after the birth anniversary of Maulana Abul Kalam Azad who was the
The Day is celebrated to honour the First Educational Minister of India and his uncomparable
Maulana Abul Kalam Azad helped with the establishment of two major education governing
bodies of India - the University Grants Commission (UGC) and the All India Council for Technical
Education (AICTE).
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11th November 2022
The First National Education Day was celebrated on 11th November 2008 at Vigyan Bhawan,
New Delhi, and was first inaugurated by then President Pratibha Patil.
Kerala will host the 18th International Telemedicine Conference (TELEMEDICON 2022):
The 18th International Telemedicine Conference is being hosted by the Kerala Chapter of the
Mr. S. Somnath, chairman of ISRO, Mr. Mohanan Kunnummal, vice chancellor of the Kerala
University of Health Science, and Dr. Rethan Kelkar, secretary of information technology for
The event's chief guest was Mr. S. Somnath, the ISRO Chairman.
The primary focus of Telemedicon 2022 is "Strengthening Health Systems Through Sustainable
It seeks to provide platforms for service providers, foreign specialists, financing agencies for
The scientific seminars on subjects including Telehealth tourism, AI-based Telehealth systems,
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11th November 2022
The occasion will also feature seminars on the legal aspects of telemedicine, moderated by
Dehradun hosts the commencement of the 42nd International Congress of the INCA:
The 42nd International Congress of the Indian National Cartographic Association (INCA) was
opened in Dehradun by Lieutenant General Gurmit Singh (Retd.), the governor of Uttarakhand.
The National Hydrographic Office is hosting the 42nd International Congress in Dehradun,
Digital Cartography to Harness Blue Economy is the theme of the 42nd International Congress of
The cause of cartography as a visual form of communication is one that INCA is committed to.
Honorary Fellows, Life Fellows, Members, Associate Members, and Student Members.
Practicing cartographers from various organizations and universities make up the majority of its
members.
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11th November 2022
Prime Minister Gati Shakti Multimodal Waterways Summit will be launched by Union Minister
Sarbananda Sonowal in Varanasi, Uttar Pradesh, at the Deendayal Hastkala Sankul (Trade
Centre and Museum), the PM Gati Shakti Multimodal Waterways Summit will take place.
The summit's main goal is to raise awareness of the PM Gati Shakti National Masterplan with a
To assure first and last-mile connectivity, the PM Gati Shakti Multimodal Waterways Summit is a
game-changing strategy for enhancing logistics effectiveness and lowering logistics costs.
Under Gati Shakti, the Ministry has identified 101 projects with a total estimated cost of around
Prime Minister Narendra Modi introduced PM Gati Shakti, which aims to improve logistical
zones.
Morgan Stanley predicts that India would become the world's third-largest economy by 2027:
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According to Morgan Stanley, India is on track to become the world's third-largest economy by
2027, surpassing Japan and Germany, and to have the third-largest stock market by 2030,
Overall, India's GDP is expected to more than double from $3.5 trillion today to $7.5 trillion by
2031.
Over the same period, its proportion of global exports may treble, and the Bombay Stock
Exchange could rise at an 11% annual rate, achieving a market capitalization of $10 trillion.
"In a world that is currently ravenous for development, the opportunity in India must be on the
radar of global investors," says Chetan Ahya, Morgan Stanley's Chief Asia Economist.
"From 2023 onwards, India will be one of just three economies in the world that can achieve
more than $400 billion in annual economic production growth, rising to more than $500 billion by
2028."
Max Life ties up with Ditto for Online Life Insurance Distribution
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11th November 2022
Max Life Insurance Company Ltd. has announced a life insurance product distribution tie-up with
Aim :
To leverage Ditto's diversified insurance advisory platform to offer Max Life's plans to online
customers.
Key Highlights :
In the initial phase, Ditto will sell multiple variations of Max Life's protection plan providing
comprehensive coverage against Death, Disease & Disability along with applicable riders
The tie-up aims to improve Max Life's customer experience by leveraging Ditto's insurance
advisory capabilities and technological prowess to enhance life insurance penetration in the
country.
Founded: 2000
Max Life Insurance Company Limited is a life insurance company in India with a joint venture
It is a subsidiary of the publicly listed Max Financial Services and is the largest non-bank private-
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11th November 2022
The Reserve Bank of India (RBI) has granted ftcash, a startup in Small and Medium Enterprise
Aim :
The company has partnerships with Northern Arc, Ugro, and Ambit for providing credit offerings
to their customers.
Key Highlights :
Nearly 80% of all Micro Small & Medium Enterprise (MSMEs) in India lack access to funding,
despite the government announcing many efforts to improve credit availability for the stressed
MSMEs sector.
The NBFC license will allow us to bridge this credit gap while offering loans with minimal
documentation along with daily repayment options via PoS with equated daily instalments.
ftcash has raised $10.2 million in funding and is backed by several investors including Accion,
About ftcash :
Founded: 2015
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11th November 2022
companies.
ftcash has won numerous awards and recognitions since its inception, including a prestigious
award by HRH the Duke and Duchess of Cambridge, Prince William, and Kate Middleton, at the
For recognition for its work in financial inclusion by the former President of India Pranab
Mukherjee in 2017.
About RBI :
Deputy governors: Mahesh Kumar Jain, M. Rajeshwar Rao, Michael Patra, and T. Rabi Shankar
The Asian Infrastructure Investment Bank (AIIB) and the Global Energy Alliance for People and
Planet (GEAPP) announced a collaboration and strategic investment partnership for mobilizing
up to $1 billion for the financing of green energy transition and renewable energy projects, in both
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11th November 2022
AIIB’s Vice-President of Policy and Strategy, Sir Danny Alexander, and GEAPP’s CEO, Simon
Jin Liqun, President of AIIB; Dr. Rajiv Shah, President of The Rockefeller Foundation; Per
Heggenes, CEO of IKEA Foundation; and Dr. Andrew Steer, President, and CEO of Bezos Earth
The partnership sees AIIB and GEAPP cooperating through a shared vision to address the
energy transition challenges in Asia through the identification of co-financing opportunities for
projects and programs of common interest in grid-based renewables, distributed renewables, and
In 2021 AIIB achieved a 48% climate finance share of total approvals in 2021.
About AIIB :
About GEAPP :
Founded: 2021
Bureau of Energy Efficiency signs MoU with SIDBI to finance green MSMEs
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11th November 2022
The government body for energy efficiency Bureau of Energy Efficiency (BEE) has signed a
memorandum of understanding (MoU) with the Small Industries Development Bank of India
Aim :
To promote energy efficiency financing for MSMEs and explore the internet of things (IoT)-based
The announcement comes weeks after SIDBI announced partnerships with multiple stakeholders
to help MSMEs become more energy efficient in their operations to support India’s Sustainable
Key Highlights :
Meanwhile, BEE and MSME ministry jointly runs a collaborative platform Sameeksha (Small and
Medium Enterprises Energy Efficiency Knowledge Sharing) to pool the knowledge and synergise
the efforts of various organizations for the promotion and adoption of clean energy technologies
As per India’s updated Nationally Determined Contribution (NDC) to the UN’s Framework
Convention on Climate Change (UNFCCC), India has to reduce the emissions intensity of its
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11th November 2022
India will achieve 50% cumulative electric power installed capacity from non-fossil fuel-based
SIDBI had signed MoUs with German development agency Deutsche Gesellschaft für
Internationale Zusammenarbeit (GIZ) GmbH for operating a Risk Sharing Facility (RSF) that
provides credit guarantees to loans from commercial banks or non-banking financial companies
(NBFCs).
Two other MoUs were signed with the Technology Information, Forecasting, and Assessment
Council (TIFAC) under the Department of Science and Technology and CII to identify and
About BEE :
The BEE is an agency of the Government of India, under the Ministry of Power under the
About SIDBI :
SIDBI is the apex regulatory body for the overall licensing and regulation of micro, small and
It acts as the principal financial institution for the promotion, financing, and development of
MSMEs.
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11th November 2022
It is also a project executing agency for Partial Risk Sharing Facility (PRSF) that guarantees
According to data from the Association of Mutual Funds in India (AMFI), Maharashtra, New Delhi,
and Goa have the highest mutual fund (MF) penetration in India, due to high-income levels,
better literacy rates, and high inflows from corporates and net worth individuals. (HNIs).
However, it is not that all higher-income and developed states have high MF penetration and all
Level Country Entry Per Capita Average Assets Under Share of Equity Schemes
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Key Highlights :
Jharkhand is one of the top 10 states with 13% penetration, MF penetration is not 5-6% in
Jharkhand has 79% of the state’s assets under management (AUM) in equity, and companies
Jharkhand ranks 16th in terms of per AUM (Rs 10,750) despite high penetration.
The highest AUMs per capita are in New Delhi, Goa, and Maharashtra.
The states with the lowest AUM per capita (Rs. 2,300 to Rs. 3,700) are Manipur, Bihar, and
Tripura.
The penetration rate is lowest in southern states like Kerala, Telangana, and Andhra Pradesh.
About AMFI :
Founded: 1995
Chairman : A Balasubramanian
Members: 44
The AMFI is the regulatory body for the mutual funds sector in India.
It is a division of the Securities and Exchange Board of India, Ministry of Finance, GoI.
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11th November 2022
Three Indian women are included in the 2022 Asia's Power Businesswomen List:
The annual "Asia's Power Businesswomen" list, which includes 20 women from the Asia-Pacific
Three Indian ladies are also included on the list of powerful women.
The 20 women highlighted are new to the list and help Forbes Asia's network of influential
Ghazal Alagh, co-founder and chief innovation officer of Honasa Consumer, Mamaearth's parent
She co-founded the Gurgaon-based business in 2016 with her CEO-husband Varun.
Soma Mondal, the first woman to lead the state-run steel company SAIL, is the second
According to Forbes, SAIL's yearly income increased by 50% during the fiscal year that
concluded on March 31, 2022, after Mondal was appointed chairperson in 2021.
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11th November 2022
Among the other women on the list are Wallaya Chirathivat, president director, and CEO of
Thailand's largest retail property developer Central Pattana, as well as Japan's twin sisters Anna
and Mizuki Nakajima, co-founders of smartphone gaming app Coly, the youngest of the list, and
Choi Soo-Yeon, CEO of Naver, the largest internet company by market capitalization in South
Korea.
IIT Bombay is the top university in Southern Asia: QS Asia University Rankings for 2023:
According to the QS Asia University Rankings 2023, the Indian Institute of Technology (IIT)
Bombay offers the greatest education in Southern Asia, with IIT Delhi coming in second.
The number of institutions in the 15th edition of the QS World University Rankings: Asia has
increased from 687 to 757, making it the largest ranking for the area to date.
The QS ranking 2023 is based on academic and employer reputations, the amount of personnel
with a PhD, and the ratio of international students, among other factors.
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11th November 2022
JNU (119)
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11th November 2022
The State of Food and Agriculture (SOFA) is one of the UN Food and Agriculture Organization's
Based on scientific evaluation, it provides thorough insights into numerous concerns relating to
The paper evaluated several agricultural automation drivers, including recently developed digital
technology.
The paper assessed the business case for deploying these digital automation technologies
It identified two key challenges to their adoption: inadequate digital literacy and a lack of
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11th November 2022
The paper advocated policies that will allow disadvantaged groups to access agricultural
automation technologies, which will aid in developing sustainable and resilient agri-food systems.
Since the 1960s, the agricultural industry in high-income countries in North America, Europe, and
Glaciers at numerous UNESCO World Heritage sites, including Yellowstone and Kilimanjaro
National Park, would certainly vanish by 2050, the UN organization warned, urging countries to
The warning came after a survey of 18,600 glaciers at 50 World Heritage sites.
According to UNESCO, the study "shows that these glaciers have been retreating at an
accelerated rate since 2000 due to CO2 emissions, which are rising temperatures."
The glaciers were losing 58 billion tonnes of ice each year, equivalent to France and Spain's
combined annual water use, and were responsible for over 5% of the documented global sea-
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About UNESCO:
Mr. Ramesh Kejriwal elected as the new president of the All India Rubber Industries Association
All India Rubber Industries Association (AIRIA) has elected Mr. Ramesh Kejriwal of India Oil
Seals and Synthetic Products, Kolkata, as its new president for the year 2022-23.
Mr. Kejriwal will play a key role in leading forward the road map of the apex body for rubber
Mr. Shashi Kumar Singh of Osaka Rubber Pvt Ltd., Mumbai, will be the senior vice-president for
the second term & Mr. Sanjeev Sikka of Majestic Rubber Industries, Ghaziabad will be the vice-
president
The AIRIA has unanimously elected the office bearers for the year 2022-23 in Annual General
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He has served as the Eastern Region Chairman and on various committees of AIRIA.
He is a Partner of India Oil Seals and Synthetic Products as well as the President of, the Polymer
Under his leadership, India Oil Seals and Synthetic Products has emerged as one of the most
He has a long history in the rubber business and is well-versed in modernization, equipment
About AIRIA :
Founded: 1945
The AIRIA is the largest not-for-profit non-government body serving the rubber industry and
trade.
Justice Shri DY Chandrachud Takes Oath As The 50th Chief Justice Of India
Justice Shri Dhananjaya Yashwant Chandrachud took oath as the 50th Chief Justice of India
He will have a term of over two years till November 10, 2024 - making it one of the longest terms
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President Droupadi Murmu administered the oath at a brief ceremony held at the Rashtrapati
Bhavan.
Justice Shri Chandrachud succeeds Justice Shri UU Lalit who retired on November 8 after a 74-
day stint.
He is the son of the longest-serving CJI YV Chandrachud (16th Chief Justice of India), who
headed the Judiciary from February 22, 1978, to July 11, 1985.
Justice Chandrachud and his father are the only father-son duo to have reached the position of
He has also served as the judge of the Bombay High Court from 29 March 2000.
The CJI is the Chief Judge of the Supreme Court of India as well as the highest-ranking officer of
The CJI and the Judges of the Supreme Court (SC) are appointed by the President under clause
Qualifications:
A person has been for at least five years a Judge of a High Court or two or more such Courts in
succession or
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11th November 2022
Have been for at least ten years an advocate of a High Court or two or more such Courts in
succession, or
GSMA elects Bharti Airtel Group CEO Mr. Gopal Vittal as Deputy Chair
GSMA (Global System for MobileAssociation), a global organization covering mobile ecosystems
across countries, has elected Mr. Gopal Vittal, chief executive of Bharti Airtel Group, as deputy
chair of the association's board of directors for a two-year term, beginning 1 January 2023
Mr. Mathew Oomen, president of Reliance Jio too has been elected as a board member.
Mr. Vittal is the second Indian to hold a senior position in the global grouping of mobile operators.
Mr. Jose Maria Alvarez-Pallete Lopez, CEO of Telefonica Group, will continue to be the Chair at
the GSMA.
There are 26 members of the GSMA Board. including senior representatives from global mobile
About GSMA :
Established: 1995
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11th November 2022
Adidas Appoints Ex-Puma Chief Mr. Bjorn Gulden as New CEO From January 2023
Adidas AG appointed former Puma Societas Europaea chief executive officer (CEO) Mr. Bjorn
Mr. Gulden will replace Mr. Kasper Rorsted, Adidas’ CEO since 2016.
Adidas chief financial officer Harm Ohlmeyer will serve as interim CEO until the end of the year,
Puma, a German multinational corporation, appointed Arne Freundt after its CEO Bjorn Gulden
Mr. Gulden, a 57-year-old Norwegian who was once a professional soccer and handball player.
He worked at Adidas as its senior vice president of apparel and accessories from 1992 to 1999.
He also has served as CEO of Danish jewellery brand Pandora, managing director of footwear
retailer Deichmann and president of Rack Room Shoes and is board chairman at Danish food
About Adidas :
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11th November 2022
It is the largest sportswear manufacturer in Europe, and the second largest in the world, after
Nike
Australia, Japan, and the United States of America (USA) are also participating in the Malabar
Naval Exercise.
Key Highlights :
The participating Indian Naval Ships Shivalik and INS Kamorta are indigenously designed and
form part of the Indian Navy’s Eastern Fleet based at Visakhapatnam, Andhra Pradesh (AP).
The Eastern Fleet commander, Rear Admiral Sanjay Bhalla will have operational discussions
with the commander of the US Seventh Fleet and Commander Escort Force 3 (JMSDF) as part
of Malabar-22.
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The Indian Navy will also participate in the International Fleet Review (IFR) being hosted in the
first week of November to commemorate the 70th anniversary of the Japanese Maritime Self-
The MALABAR exercise was initiated in 1992 between the navies of India and the United States.
The India Space Research Organisation (ISRO) has successfully conducted a hot test of the
Agnilet - single piece, fully 3d printed, 2nd stage semi cryo rocket engine developed by Agnikul
The hot test was conducted by firing the Agnilet Engine at its Vertical Test Facility, Thumba
The company has also unveiled Rocket Factory- 1, the country’s first-ever rocket facility for large-
scale printing of such rocket engines at the IIT Madras Research Park.
About Agnilet :
pressure of 10.8 bar(a) using Liquid oxygen and Aviation Turbine Fuel (ATF) as propellants.
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This engine is realized through state-of-the-art 3D printing technology and the material of
construction is INCONEL-718.
The test was carried out as part of an MOU signed between ISRO and M/s Agnikul Cosmos Pvt.
Ltd. to provide the opportunity for Indian space start-ups to use facilities of ISRO through IN-
Founded: 2017
AgniKul Cosmos Private Limited is an Indian aerospace manufacturer based in the National
About ISRO :
Chairman: S Somanath
ISRO is the national space agency of India, operating under the Department of Space (DOS).
The 18th International Telemedicine Conference is being hosted by the Kerala Chapter of the
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11th November 2022
Prime Minister Gati Shakti Multimodal Waterways Summit will be launched by Union Minister
Sarbananda Sonowal in Varanasi, Uttar Pradesh, at the Deendayal Hastkala Sankul (Trade
Centre and Museum), the PM Gati Shakti Multimodal Waterways Summit will take place.
According to Morgan Stanley, India is on track to become the world's third-largest economy by
2027, surpassing Japan and Germany, and to have the third-largest stock market by 2030,
The annual "Asia's Power Businesswomen" list, which includes 20 women from the Asia-Pacific
According to the QS Asia University Rankings 2023, the Indian Institute of Technology (IIT)
Bombay offers the greatest education in Southern Asia, with IIT Delhi coming in second.
The State of Food and Agriculture (SOFA) is one of the UN Food and Agriculture Organization's
Glaciers at numerous UNESCO World Heritage sites, including Yellowstone and Kilimanjaro
National Park, would certainly vanish by 2050, the UN organization warned, urging countries to
Max Life Insurance Company Ltd. has announced a life insurance product distribution tie-up with
The Reserve Bank of India (RBI) has granted ftcash, a startup in Small and Medium Enterprise
The Asian Infrastructure Investment Bank (AIIB) and the Global Energy Alliance for People and
Planet (GEAPP) announced a collaboration and strategic investment partnership for mobilizing
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11th November 2022
up to $1 billion for the financing of green energy transition and renewable energy projects, in both
The government body for energy efficiency Bureau of Energy Efficiency (BEE) has signed a
memorandum of understanding (MoU) with the Small Industries Development Bank of India
According to data from the Association of Mutual Funds in India (AMFI), Maharashtra, New Delhi,
and Goa have the highest mutual fund (MF) penetration in India, due to high-income levels,
better literacy rates, and high inflows from corporates and net worth individuals. (HNIs).
All India Rubber Industries Association (AIRIA) has elected Mr. Ramesh Kejriwal of India Oil
Seals and Synthetic Products, Kolkata, as its new president for the year 2022-23.
Justice Shri Dhananjaya Yashwant Chandrachud took oath as the 50th Chief Justice of India
GSMA (Global System for MobileAssociation), a global organization covering mobile ecosystems
across countries, has elected Mr. Gopal Vittal, chief executive of Bharti Airtel Group, as deputy
chair of the association's board of directors for a two-year term, beginning 1 January 2023
Adidas AG appointed former Puma Societas Europaea chief executive officer (CEO) Mr. Bjorn
The India Space Research Organisation (ISRO) has successfully conducted a hot test of the
Agnilet - single piece, fully 3d printed, 2nd stage semi cryo rocket engine developed by Agnikul
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