Current Affairs Blog Article: November 9, 2023

Introduction

Staying updated with current affairs is crucial in today's fast-paced world. This article delves into the significant events and news from various sectors on November 9, 2023. From national developments to international news, state affairs, economic updates, banking sector news, business advancements, important days, and notable appointments, we cover it all. Let's explore these updates in detail.

National News

Maharashtra CM Unveils Shivaji Maharaj Statue in J&K

• Maharashtra Chief Minister Eknath Shinde inaugurated a statue of Chhatrapati Shivaji Maharaj in Jammu and Kashmir's Kupwara district.
• The statue, located at the 41 National Rifle (Maratha LI) camp near the Line of Control, symbolizes the connection between Maharashtra and J&K.
• Soil and water from five different forts in Maharashtra were used in the statue's construction.

KVIC Chairman Launches 'Diwali Utsav' Emphasizing 'Vocal for Local'

• Shri Manoj Kumar, Chairman of KVIC, inaugurated the ‘Diwali Utsav’ Gramshilpa, Khadi Lounge in New Delhi.
• The event promotes local artisans and products, including clay diyas, idols, and Khadi garments.

International News

China Faces Deflationary Pressures

• China slipped back into deflation in October, with a 0.2% year-on-year decline in the Consumer Price Index.
• Food, tobacco, and alcohol prices saw the most significant drops, especially pork prices.

US Invests in Adani’s Sri Lanka Port Terminal

• The United States International Development Finance Corporation announced a $553 million investment in Adani Ports’ container terminal in Sri Lanka.
• This investment aims to boost economic development and strategic partnerships in the region.

State News

President Murmu's Visit Marks Uttarakhand Foundation Day

• President Draupadi Murmu attended the 23rd Foundation Day of Uttarakhand, a first in 23 years.
• The day commemorates the formation of Uttarakhand, formerly Uttaranchal, as India's 27th state.

Economy News

UBS Raises India’s GDP Forecast

• UBS revised India's FY24 real GDP growth estimate to 6.3%.
• The revision is attributed to better-than-expected domestic economic activities and the ongoing festive season.

Banking News

S&P Global Ratings' Projection for RBI Interest Rate

• S&P Global Ratings predicts a possible RBI interest rate cut in FY 2024-25 if food inflation is controlled.
• India's economic growth is forecasted at 6% for the current year and 6.9% over the next two years.

RBI Approves PayGlocal for Payment Aggregator License

• PayGlocal received in-principle approval from RBI for a Payment Aggregator license.
• The license will enable the company to onboard merchants for online payment processing.

Business News

STPI's LEAP AHEAD Initiative for Startups

• The LEAP AHEAD initiative, launched by the Ministry of Electronics & Information Technology and The Indus Entrepreneurs, aims to support tech startups.
• The initiative offers funding support and mentorship to help startups scale and expand.

Important Days

World Science Day for Peace and Development

• Celebrated annually on November 10, the day emphasizes the role of science in society.
• The 2023 theme is “Building Trust in Science.”

International Week of Science and Peace

• Observed from November 9 to 15, this week promotes the role of science in fostering global peace and development.

Ranks & Reports

QS Asia University Rankings 2024

• IIT Bombay and IIT Delhi secured positions within the top 50 in the QS Asia University Rankings 2024.
• India has the highest number of universities featured in the rankings.

WHO Acknowledges India’s Efforts in TB Reduction

• The WHO's ‘Global TB Report 2023‘ notes a significant decrease in TB incidents in India.
• India achieved a treatment coverage of 80% for estimated TB cases.

Schemes News

IREDA Launches CSR Portal

• The Indian Renewable Energy Development Agency unveiled a CSR portal to enhance transparency in managing CSR requests.
• The portal includes a comprehensive CSR policy and a proposal checklist.

Appointments News

New CMD for Konkan Railway

• Santosh Kumar Jha is set to be the next Chairman & Managing Director of Konkan Railway Corporation Limited.

Key Appointments in BHEL and ONDC

• Koppu Sadashiv Murthy becomes CMD at Bharat Heavy Electricals Limited.
• Anupama Priyadarshini joins the Open Network for Digital Commerce as Senior Vice President.

Science & Technology News

India’s Aditya-L1 Records Solar Flares

• ISRO's Aditya L1 captured high-energy X-ray images of solar flares.
• This marks a significant achievement in India's space research.

IBM and AWS Launch Innovation Lab in Bengaluru

• The lab, situated at the IBM Client Experience Center, focuses on cloud-enabled technologies.
• It aims to accelerate innovation across various industries.

7 Ring Smart Ring for Contactless Payments in India

• Seven, a consumer electronic startup, introduced the 7 Ring smart ring.
• The ring enables contactless payments and is water and dust resistant.

Now take the following current affairs quiz to test your knowledge

Current affairs quiz - 09 November 2023