Daily Current Affairs for BBA & IPM and HM Entrance Exams: 23rd November 2021

By Rajat Pandey|Updated : November 23rd, 2021
  • Current Affairs plays a vital role in the preparation of BBA & IPM and HM Entrance exams. Current Affairs keep you update about the happenings around the world. The majority of questions asked in the exam are from the latest current affairs. 
  • Current Affairs not only keeps you up to date but also provides you a better perspective and knowledge about the important burning issues worldwide

 Honours & Awards

1. Abhinandan Varthaman conferred Vir Chakra by President

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  • Group Captain Abhinandan Varthaman has been awarded Vir Chakra by President Ram Nath Kovind at Rashtrapati Bhavan in New Delhi
  • He shot down Pakistani F-16 jet during a dogfight over the Line of Control (LoC) in 2019
  • Vir Chakra: India’s third highest wartime gallantry award after Param Vir Chakra and Maha Vir Chakra.
  • Abhinandan is IAF’s first Vir Chakra awardee after 1999 Kargil war when Ajay Ahuja and Wing Commander AK Sinha were awarded the wartime gallantry medal.

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 Honours & Awards

2. Andhra Pradesh bags Best Marine State Award

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  • Department of Fisheries has awarded best performing States for 2021-22 on ‘World Fisheries Day’ to recognize their accomplishments in the field and their contribution into the growth of the sector.
  • Awards:
    • Best marine state: Andhra Pradesh
    • Best Inland states: Telangana
    • Best Hilly and NE marine states: Tripura
    • Best Marine District: Balasore in Odisha
    • Best Inland District: Balaghat in Madhya Pradesh.
    • Best Hilly and NE District: Bongaigaon in Assam.

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 Summits & Conferences

3. CII to organize 20th edition of ‘Connect 2021’ in Chennai

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  • Confederation of Indian Industry (CII) will organize its flagship event titled ‘Connect 2021’ in Chennai, Tamil Nadu
  • It will be held from 26th to 27th November
  • Theme: Building a Sustainable Deep T’ech’N’ology Ecosystem
  • Connect: It is an international conference and exhibition on information & communication technology (ICT)
  • Partner countries: Australia and UK
  • It is hosted by Govt of Tamil Nadu and co-hosted by Software Technology Parks of India and MeitY.

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 International Affairs

4. El Salvador plans to build world’s first ‘Bitcoin City’

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  • El Salvador President Nayib Bukele has announced to build the world’s first Bitcoin City in the country
  • This new city is planned to be developed in the eastern region of La Union and will be initially funded by bitcoin-backed bonds.
  • It would get geothermal power from a volcano.
  • Bitcoin City will not levy any taxes except for value added tax (VAT).
  • One half of this VAT levied will be used to fund the bonds issued to build the city.

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 Science & Technology

5. Jitendra Singh inaugurates ISRO's five-day Technology Conclave-21

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  • Union Minister Jitendra Singh has inaugurated ISRO's five-day Technology Conclave-2021, highlighting the Futuristic and Disruptive Technologies to be developed by Indian Space Research Organisation (ISRO).
  • It is being organized by Directorate of Technology Development and Innovation (DTDI) under the aegis of ISRO.
  • Development of Satellite-Based Quantum Communication will enable unconditional data security to the country’s communication network.

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 National Affairs

6. Bhupender Yadav initiates first ever All India Domestic Workers Survey

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  • Labour and Employment Minister Bhupender Yadav has flagged off the first ever All India Domestic Workers Survey.
  • It will cover 742 districts in 37 States and Union territories.
  • Objective: To estimate the number and proportion of domestic workers at the national and state level and find out household estimates of live-in and live-out domestic workers.
  • It will also estimate the average number of domestic workers engaged by different types of households.

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 International Affairs

7. Venezuelan musicians set world's largest orchestra record

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  • Venezuela has set new Guinness World Record for the largest orchestra with 8,573 musicians playing together for more than five minutes.
  • This record was set by National System of Youth and Children’s Orchestras of India, known as ‘El Sistema’.
  • Prior to this, such record for an orchestra was made by Russia when 8,097 musicians played together in St. Petersburg.
  • Venezuela is a country on the northern coast of South America 
  • Capital of Venezuela: Caracas.

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 Banking & Finance

8. SBI Ecowrap report projects India’s GDP for FY22 between 9.3%-9.6%

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  • State Bank of India (SBI) economists in its research report ‘Ecowrap’ has revised upwards the GDP growth projection for India to range from 9.3% to 9.6% for FY22 (2021-22).
  • Earlier, this was estimated in the range of 8.5% to 9%.
  • Reason for the upward revision is decline in the number of COVID cases.
  • Average GDP growth of 28 selected economies has decelerated to 4.5% in Q3 (2021) as against 12.1%.

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 Banking & Finance

9. EPFO gets approval to park 5% of annual deposits in InvITs

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  • Central Board of Trustees (CBT) of Employees’ Provident Fund Organization (EPFO) have approved that up to 5% of the annual deposits can be invested in alternative investment funds (AIFs) including infrastructure investment trusts (InvITs).
  • This investment will offer diversification to EPFO’s investment basket.
  • Finance Investment and Audit Committee (FIAC) have been tasked to decide upon investment options, on case-to-case basis.
  • AIFs are regulated by SEBI.

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 Summits & Conferences

10. Fifth East Asia Summit Conference on Maritime Security Cooperation

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  • The fifth East Asia Summit (EAS) Conference on Maritime Security Cooperation will be held from 23rd and 24th November in Kolkata.
  • The event is being organized by India in partnership with Australia.
  • Apart from two governments, organizers include ASEAN-India Centre at Research and Information System for Developing Countries in collaboration with National Maritime Foundation of Australia and Research Centre for East and Northeast Regional Studies, Kolkata.

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 National Affairs

11. Nirmala Sitharaman inaugurates Aayakar Bhawan-cum-Residential Complex

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  • Union Finance Minister Nirmala Sitharaman has inaugurated new Aayakar Bhawan-cum- Residential Complex 'The Chinars' at Rajbagh in Srinagar.
  • Income Tax Building had got damaged in a terrorist attack in 2005
  • Establishment of new office complex and attached 'Aayakar Seva Kendra' will go a long way in providing better service to tax prayers in the spirit of Jan Bhagidari.
  • Number of developmental works shall be carried out for the overall benefit of the people

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 Honours & Awards

12. AIR, Doordarshan win awards at ABU-UNESCO Peace Media Awards 2021

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  • Doordarshan and radio show by All India Radio has received multiple awards at ABU - UNESCO Peace Media Awards-2021 at Kuala Lumpur in Malaysia.
  • ‘Ethical and Sustainable Relationship with Nature’ award: AlR’s ‘Living on the edge - The coastal lives’
  • Living Well with Super Diversity category: Doordarshan’s programme 'DEAFinitely Leading the Way
  • The awards were given by UNESCO in collaboration with Asia Pacific Broadcasting Union under ‘Together for Peace’ initiative.

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 National Affairs

13. Jitendra Singh launches India’s first Virtual Science Lab for Children

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  • Science and Technology Minister, Jitendra Singh has launched India’s first Virtual Science Lab for Children under CSIR Jigyasa Programme
  • It will also connect students with scientists across the country.
  • Main aim of Virtual Lab: To provide quality research exposure and innovative pedagogy for school students based on an online interactive medium.
  • New facility will immensely benefit students from Kendriya Vidyalayas, Navodaya Vidyalayas and Government Schools

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 National Affairs

14. V Prez flags off ‘Visakhapatnam-Kirandul Passenger Train’

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  • Vice President M. Venkaiah Naidu has flagged off ‘Visakhapatnam-Kirandul Passenger Train’ and additional Vistadome coaches.
  • 360-degree viewing system of the Vistadome coaches will make the journey an unforgettable experience for the passengers as it passes through a scenic, mountainous terrain of Eastern Ghats through many curves, tunnels and bridges

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