Daily GK Update: 18th November 2021

By Md Mansur Alam|Updated : November 18th, 2021

 National & International Appointments

1. Sourav Ganguly appointed as the chairman of ICC's Cricket Committee

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  • Sourav Ganguly has been appointed as the Chairman of the ICC men's Cricket Committee, the global cricket governing body.
  • He will replace Anil Kumble, who stepped down after serving a maximum of a three-year term.
  • Sourav Ganguly was appointed as the president Board of Control for Cricket in India (BCCI) in October 2019.
  • Johnny Grave, CEO of Cricket West Indies has been appointed to the ICC Women's Cricket Committee.
  • ICC Headquarters: Dubai, UAE (2005–present)
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 Banking & Finance

2. UBS revises India's GDP growth forecast to 9.5% from 8.9% for FY22

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  • UBS Securities has revised upwards its growth forecast for the current fiscal to 9.5% from 8.9% in September.
  • The brokerage also sees the economy clipping at 7.7 per cent in FY23 but moderating to 6 per cent in FY24.
  • The Reserve Bank also forecasts 9.5 per cent GDP growth this fiscal while the average projection ranges from 8.5 to 10 per cent.
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 Important Dates

3. Naturopathy Day is celebrated on 18th November

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  • The National Naturopathy Day is observed in India on 18th November every year, to promote positive mental and physical health through a drugless system of medicine.
  • The day was declared by the Ministry of AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy), Government of India.
  • Naturopathy practitioners are trained through a five and half year BNYS — Bachelor of Naturopathy and Yogic Sciences.
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 Honours & Awards

4. Anurag Thakur confers SAI Institutional Awards to 246 athletes and coaches

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  • Union Minister Anurag Thakur conferred the first-ever Sports Authority of India's Institutional Awards to 162 athletes and 84 coaches in New Delhi.
  • They have been conferred awards in the Outstanding Award and Best Award category for their performance in national and international competitions.
  • The awards acknowledge the exceptional performance of the SAI athletes and coaches under the various sports promotion schemes at the national and international level from 2016.
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 Important Dates

5. World Philosophy Day 2021: 18th November

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  • World Philosophy Day is celebrated on the Third Thursday of November every year (this year 18 November).
  • It was first celebrated in 2002 by the United Nations.
  • WPD aims to raise public awareness of the importance of philosophy.
  • Philosophy comes from the Greek word phílosophía which means ‘the love of wisdom.’
  • It is the study of the nature of reality and existence, of what is possible to know, and of right and wrong behaviour.
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 National & International Organizations

6. 21st Indian Ocean Rim Association Annual Council of Ministers' Meeting

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  • India virtually participated in the 21st Annual Council of Ministers (COM) meeting of the Indian Ocean Rim Association (IORA).
  • Summit was held in Dhaka, Bangladesh.
  • The IORA COM was held in a hybrid format in Dhaka.
  • Bangladesh assumed the Chairmanship of IORA till 2023.
  • IORA is inter-governmental organization aimed at strengthening regional cooperation and sustainable development within the Indian Ocean region.
  • It has 23 member states and 9 Dialogue Partners.
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 Agreement

7. MoFPI signs MoU with DAHD to improve livestock sector

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  • The Department of Animal husbandry and Dairying has signed an MoU with Ministry of Food Processing Industry.
  • This MoU will facilitate extension of benefits to dairy entrepreneurs and dairy industries through convergence of various schemes of Department of Animal Husbandry and Dairying.
  • This will also help in generating income for sustainable development of the rural poor by providing credit support, strengthening quality control, and providing necessary technology.
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 National Affairs

8. Indian Railways gets first pod hotel at Mumbai Central station

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  • Union minister of state for Railways Raosaheb Danve inaugurated first-of-its-kind pod hotel at the Mumbai Central station.
  • The pod hotel has several small bed-sized capsules and provides affordable overnight accommodation.
  • Charges: Rs 999 for 12 hours and Rs 1,999 for 24 hours.
  • Facilities: WiFi, TV, a small locker, adjustable mirror, and reading lights. 
  • These resting facilities can be availed by Passengers of Indian Railways and even common people.
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 Banking & Finance

9. NSDL e-Governance gets RBI’s in-principle nod as Account Aggregator

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  • NSDL e-Governance Infrastructure got in-principle approval from RBI to set up an account aggregator business under its subsidiary, NSDL e-Governance Account Aggregator.
  • Account Aggregator is a first-of-its-kind consent framework that empowers an individual with control over his or her data.
  • Aggregator services can play a pivotal role as a core contributor to a data-led economic empowerment and inclusion at scale.
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 Banking & Finance

10. SIDBI, Google tie-up for loan programme targeted at micro enterprises

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  • SIDBI has entered into a collaboration with Google for having a social impact lending programme.
  • The program entails financial assistance up to ₹1 crore at competitive interest rates targeted at micro- enterprises.
  • The collaboration brings a corpus of $15 million to micro-enterprises. 
  • This envisages a loan program targeted at micro enterprises (having turnover up to ₹5 crore), with loan sizes ranging between ₹25 lakh to ₹1 crore, being implemented by SIDBI.
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 Banking & Finance

11. India received $87 billion in remittances in 2021: World Bank

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  • According to World Bank data India received $87 billion in remittances in 2021
  • United States was the biggest source, accounting for over 20 per cent of these funds.
  • India becomes the world's largest recipient of remittances with a gain of 4.6 per cent.
  • India is followed by China, Mexico, the Philippines, and Egypt.
  • In India, remittances are projected to grow three per cent in 2022 to $89.6 billion.
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 Defense

12. BDL signs $21-million contract with Airbus Defense & Space

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  • Bharat Dynamics Limited (BDL) has signed a $21-million export contract for Counter Measures Dispensing System (CMDS) with Airbus Defense & Space.
  • Under the Contract, BDL will supply its Counter Measures Dispensing System to the Spanish entity.
  • The public sector firm is looking at export opportunities for offerings such as Akash Weapon System, Astra Weapon System, Smart Anti-Airfield Weapon and Helina and Light Weight Torpedo and Heavy Weight Torpedo.
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 International Affairs

13. India, New Zealand to intensify cooperation in cyber security, cyber crime

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  • India and New Zealand have decided to intensify cooperation in cyber security, cyber crime and capacity building at the bilateral Cyber Dialogue.
  • The2nd edition of the India-New Zealand Bilateral Cyber Dialogue was held on a virtual mode.
  • The Indian delegation was led by MEA Joint Secretary Atul Malhari Gotsurve.
  • The delegations deliberated on a wide range of topics of mutual interest and agreed to work closely with each other in these areas. 
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 Agreement

14. Akasa Air inks pact with CFM for LEAP-1B engines

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  • Rakesh Jhunjhunwala backed-Akasa Air announced the purchase of CFM LEAP-1B engines to power its recently purchased Boeing 737 MAX airplanes.
  • The agreement, that also includes spare engines and long-term services agreement, is valued at nearly $4.5 billion at list price.
  • Akasa had ordered 72 Boeing 737 MAX airplanes valued at nearly $9 billion at list price.
  • The LEAP-1B engine entered into service on the Boeing 737 MAX in 2017.
  • CEO, Akasa Air: Vinay Dube
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Daily GK Update: 18th November 2021

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