Daily GK Update: 5th November 2023

Honours & Awards

Reserve Bank of India (RBI) conferred the businessline’s ‘Changemaker of the Year’ 2023 award.
RBI Governor Shaktikanta Das attributed RBI’s success in steering through Covid and other crises to the team work and diligence of its dedicated officers and employee force.
These awards encompass various categories, celebrating those who have contributed to the betterment of society, the economy, and the planet.

Important Dates

World Tsunami Awareness Day is observed on 5th November, pose a significant threat to all of us, but they are particularly dangerous for certain groups of people.
Aim: To raise consciousness about reducing the risks created by these giant waves and improving community preparedness.
World Tsunami Awareness Day theme 2023 is "Fighting Inequality for a Resilient Future," which mirrors the subject highlighted during the International Day for Disaster Reduction.

International Affairs

India and Bangladesh launched two new railway links and a thermal power plant unit to strengthen connections and energy security in the region amid strong opposition protests in Bangladesh.
India provided $47.8 million for a cross-border train link and a $388.92 million concessional line of credit for the Khulna-Mongla port rail line in Bangladesh.
India provided another $1.6 billion for Bangladesh’s 1,320-megawatt super thermal power project

International Affairs

The Department of Administrative Reforms and Public Grievances and M/o Public Sector Transformation & the Civil Service of the French Republic signed the Letter of Intent for Cooperation in the field of Public Administration and Administrative Reforms for 3 years.
Aim: To strengthen the bilateral partnership between the two countries through exchange visits focused on administrative reforms, good governance webinars, capacity-building programs

Banking & Finance

The Reserve Bank of India (RBI) has increased the minimum amount for offering non-callable/without premature withdrawal option term deposits (TDs) from ₹15 lakh to ₹1 crore.
It means that all domestic term deposits accepted from individuals for amount of ₹1 crore and below shall have premature-withdrawal-facility.
The central bank said its instructions in this regard shall also be applicable for Non-Resident Rupee (NRE) Deposit / Ordinary Non-Resident Deposits.

Banking & Finance

ICICI Prudential Mutual Fund's multi-asset fund has turned into a wealth creator for investors by giving an annualised return of 21% since its inception in October 2002.
An investor who put in Rs 10 lakh at the time of inception would now be sitting on about Rs 5.5 crore as of Sept. 30, indicating a Compound Annual Growth Rate (CAGR) of 21%
The fund is an open-ended scheme investing in equity, debt and exchange traded commodity derivatives/units of Gold ETFs.

State Affairs

Jharkhand Cabinet approved a Rs 1,485-crore electrification scheme and free training for 15 rookie pilots in the proposed pilot training academy in Dumka
A new scheme, Mukhya Mantri Ujjwal Jharkhand Yojana, has been approved by the cabinet and Rs 1,485.39 crore has been allocated for it.
Under the scheme, un-electrified rural hamlets and households and leftover urban areas will be covered.
The government has also decided to provide free training to 15 trainee pilots.

National & International Appointments

RBI has appointed Manoranjan Mishra as Executive Director (ED) with effect from November 01, 2023.
Prior to being promoted to ED, he was serving as Chief General Manager in the Department of Regulation.
Mishra has experience of over three decades in the RBI, having worked in the areas of regulation of banks and NBFCs, supervision of banks and currency management.
He has served as a member in several working groups at the national and international levels.

Defense

The Chanakya Defence Dialogue 2023, a two-day groundbreaking event steered by the Indian Army in collaboration with the Centre for Land Warfare Studies (CLAWS), concluded on 4th November with takeaways on Security Challenges in South Asia and the Indo-Pacific.
The theme, ‘Serving India and Indo Pacific Region- Collaborating for Comprehensive Security’.
The event organised in Manekshaw Centre on 3rd and 4th November, in six different sessions.

Obituaries

Noted playwright, poet, painter and thinker Gieve Patel passed away at the age of 83.
Gieve Patel, who had been battling cancer, was admitted to the Pune center a few weeks ago.
He leaves behind a legacy of remarkable contributions as a playwright, poet, painter, and physician.