Daily GK Update: 17th November 2022

By Neha Bisarya|Updated : November 17th, 2022

 National & International Appointments

1. Govt appoints Dr Arvind Virmani as full-time member of NITI Aayog

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  • The government of India has appointed Dr Arvind Virmani as a full time member of NITI Aayog with immediate effect.
  • He was Chief Economic Advisor in the Finance Ministry from 2007-09.
  • He had also worked as the Executive Director at IMF till 2012.
  • He served as a member of the Technical Advisory Committee of RBI on monetary policy from 2013 to 2016.
  • Other existing Members: VK Saraswat, Ramesh Chand and VK Paul.
  • Vice Chairman of NITI: Suman Bery
  • CEO: Parameswaran Iyer
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 Honours & Awards

2. Sumeet Anand conferred with Legion d’Honneur by Emmanuel Lenain

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  • Emmanuel Lenain (Ambassador of France to India) has conferred the Chevalier de la Legion d’Honneur (Knight of the Legion of Honour) to Sumeet Anand (President of FICCI).
  • Reason: For contributions in the fields of business and industry, and promoting Indo-French education ties.
  • Sumeet Anand is a founder of IndSight Growth Partners, and President of the Indo-French Chamber of Commerce & Industry.
  • The Legion d’Honneur was created in 1802 by Napoleon Bonaparte
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 State Affairs

3. Arunachal Pradesh launches drone-based livestock vaccines delivery service

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  • TechEagle (drone delivery startup) has organised the world’s first vaccine delivery for Animal Husbandry in Arunachal Pradesh, India.
  • This service was carried out by TechEagle in collaboration with the Animal Husbandry department and EY.
  • Aim: To robust Healthcare ecosystem of the animals
  • The flight took off from Roing to Paglam, which covered aerial distance of 29 km (road distance:120 km) in 20 minutes.
  • It has used its hybrid drone Vertiplane X3 for the maiden flight.
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 National & International Appointments

4. Government nominates Vivek Joshi as Director on RBI’s central board

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  • The government has nominated Vivek Joshi as a Director of the central board of RBI, with effect from November 15, 2022, until further orders.
  • He is the secretary of the Department of Financial Services.
  • He has also served as joint secretary with the Department of Expenditure from 2014 to 2017, where he was responsible for formulation of public procurement policies for the Centre and appraisal of publicly funded projects and schemes.
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 Important Dates

5. National Epilepsy Day: 17 November

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  • India has recognized National Epilepsy Day on 17th November annually to raise awareness about Epilepsy.
  • According to the Epilepsy Foundation, 2022 theme is “There is no NEAM without ME”.
  • November is observed as the Epilepsy Awareness Month to educate and aware people about the signs, symptoms and impact of this disease.
  • Epilepsy: A disease that affects the central nervous system of the brain. 
    International Epilepsy Day: Second Monday of February
  •  
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 Books & Authors

6. A book title, 'The World: A Family History' authored Simon Sebag Montefiore

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  • A book title, 'The World: A Family History', that was authored by Simon Sebag Montefiore, will be released on November 21.
  • The book will be published by Hachette India.
  • This book tells the story of humanity from prehistory to the present day.
  • Through this book, the author takes the readers on an epic journey through the families that have shaped the world, including the Caesars, Medicis, Incas, Ottomans, Mughals, Bonapartes.
  • Books: Stalin: The Court of The Red Tsar
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 Banking & Finance

7. SBI and Germany's KfW sign agreement for solar projects

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  • SBI has signed a 150 million euro (Rs 1,240 crore) loan agreement with the German development bank KfW for funding solar projects.
  • This loan will facilitate new and upcoming capacities in the solar sector and further contribute to the goals announced during the COP26.
  • India and Germany had signed an MoU in 2015 to foster solar energy through technical as well as financial cooperation.
  • This is the second loan from KFW to SBI as part of the solar partnership with India 
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 Banking & Finance

8. IFSCA signs MoU with RBI for supervision of regulated entities

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  • The International Financial Services Centres Authority (IFSCA) has signed an MoU with RBI for collaboration in the field of regulation and supervision of regulated entities.
  • Aim: To strengthen the safety, stability and soundness of respective financial ecosystems.
  • It also aims to ensure the conducive environments for optimal business development and economic growth.
  • IFSCA is responsible for development and regulation of financial products, services and institutions
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 Summits & Conferences

9. Global Skill Summit co-chaired by Dharmendra Pradhan and Piyush Goyal

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  • The first virtual Global Skill Summit was co-chaired by Dharmendra Pradhan (Education Minister) and Piyush Goyal (Union Minister of Commerce and Industry).
  • The summit was jointly organised by Ministry of External Affairs (MEA), Ministry of Commerce and Industry (MoCI), Ministry of Education (MoE) and Ministry of Skill Development and Entrepreneurship (MSDE).
  • Aim: To facilitate overseas mobility of the skilled workforce. 
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 Banking & Finance

10. ESAF Bank gets top 'Best in Class' ESG Ratings

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  • ESAF Small Finance Bank (ESAF SFB) was honoured with the 'Best in Class' rating for ESG practices from CareEdge Ratings.
  • ESG practices refers to Environment, Social, and Governance.
  • With this recognition, it has become an entity with global ESG standards.
  • ESAF is also the first Indian member bank of the Global Alliance on Banking on Values (GAVB).
  • About ESAF Small Finance Bank:
    • MD and CEO: Kadambelil Paul Thomas
    • HQ: Thrissur, Kerala
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 Banking & Finance

11. Max Life launches Smart Wealth Advantage Guarantee Plan

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  • Max Life Insurance has launched Smart Wealth Advantage Guarantee Plan, a non-linked, non-participating individual life insurance savings plan
  • It offers guaranteed returns, life insurance cover and financial protection all combined in one product
  • Features:
    • One can choose premium payment term, deferment period and income duration.
    • Income returns up to 30-40 years with lump sum at maturity.
    • Inbuilt ‘Additional Accidental Death Benefit’- amount equal to 50% of sum assured
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 Important Dates

12. National Newborn Week 2022: 15 to 21 November

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  • National Newborn Week is celebrated every year from 15 to 21 November to reinforce the importance of neonatal health as a priority area of the health sector.
  • Main causes of newborn death: Prematurity; Complications during birth; Severe infections; Causes of newborn deaths in India
  • This day is observed by the Ministry of Health and Family Welfare.
  • The India Newborn Action Plan (INAP) was launched in 2014, in response to global Every Newborn Action Plan (of WHO).
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 International Affairs

13. US  imposes $1.4 mn fine on Air  India  over delay in refunds

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  • The US Department of Transportation has fined Air India $1.4 million (around Rs 11.3 crore) for delaying refunds worth $121.5 million (around Rs 985 crore) to passengers whose flights were cancelled during the Covid-19 pandemic.
  • Air India is among the six airlines that were probed by the US government.
  • Totally, over $600 million in refunds were paid and $7.25 million penalties imposed against six airlines for “extreme delays in providing refunds”.
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Daily GK Update: 17th November 2022

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