Current Affairs 10 November 2023

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NATIONAL AFFAIRS

Union Minister Amit Shah Launches ‘Bharat Organics’ brand of National Cooperative Organics LtdOn 8th November 2023, Union Minister Amit Shah, Ministry of Cooperation launched the ‘Bharat Organics’ brand of National Cooperative Organics Limited (NCOL), a newly established cooperative body to promote organic produce.

• The brand was launched during the one-day National Symposium on ‘Promoting Organic Products through Cooperatives’ organised by NCOL, in New Delhi, Delhi.
• Union Minister Amit Shah also launched the NCOL’s logo, website, brochure, and membership certificates to 5 cooperative societies.

Highlights of the Symposium:
i.6 organic products under “Bharat Organics” brand was launched during th event.

• The 6 products are, tur dal, chana dal, sugar, rajma, basmati rice, and Sonamasoori rice.
• These products will be sold through 150 Mother Dairy’s Safal outlets and online platforms.
• A total of 20 organic products will be launched by December 2023 and the benefits will be directed towards the farmers producing them.

ii.Under the concept of “Organic Under One Roof”, a retail outlet network of all organic products was also inititated.
iii.Amit Shah also launched the website of the National Dairy Development Board (NDDB) Soil Limited, a subsidiary of NDDB for manure management and organic fertilizer produced from the NDDB’s Varanasi biogas plant, Uttar Pradesh.
About NOCL
i.Union Cabinet under the leadership of Prime Minister Shri Narendra Modi approved the formation of National Cooperative Organics Limited (NCOL) on January 11, 2023.
ii.Functions:NCOL aims to increase the profit for organic farmers and cover the entire supply chain of organic products through cooperative networks by undertaking the following activities to benefit organic farmers.

• NCOL will undertake aggregation, certification, production, testing, procurement, storage, processing, branding, packaging, labeling, and marketing of the organic products.

Promoters of NOCL:
The National Cooperative Organics Limited was established under the Multi-State Cooperative Societies Act(2002) with the NDDB being the chief promoter.
The other promoters of NCOL include National Cooperative Consumers’ Federation of India Ltd (NCCF), Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and National Cooperative Development Corporation (NCDC).
About the National Cooperative Organics Ltd (NCOL):
Chairman – Meenesh Shah
Headquarters – Anand, Gujarat
Established – January 2023

IICA & FSR Global Collaborates on Energy Sector
Indian Institute of Corporate Affairs (IICA) and FSR Global, an initiative of the Florence School of Regulation (FSR), signed a Memorandum of Understanding (MoU) to promote collaboration in academia and research on regulatory issues of the energy sector.

• The MoU aims to explore innovative strategies and enhance operational capabilities in the field of energy regulation and power management both in India and worldwide.
• The MoU also facilitates and promotes a deeper understanding of the energy sector and its regulation.
• IICA and FSR Global will jointly offer capacity-building, research, and advisory services across different facets of the energy sector.

INTERNATIONAL AFFAIRS

WHO’s Global TB Report 2023: Globally 7.5mn People were Diagnosed with TB in 2022
According to the World Health Organization’s (WHO) Global Tuberculosis (TB) Report 2023, 7.5 million people across the globe were newly diagnosed with tuberculosis (TB) in 2022, the highest ever since records began in 1995.

• However, it also highlights a positive global recovery in TB diagnosis and treatment services in 2022, indicating a reversal of the negative impact caused by COVID-19 disruptions.

Assessment:
The report assessed data from 192 countries and areas (out of 215) with more than 99% of the world’s population and TB burden.
Highlights:
i.India, Indonesia, and the Philippines, responsible for over 60% of the global decline in new TB cases in 2020 and 2021, surpassed 2019 levels of diagnosis in 2022.
ii.Globally, an estimated 10.6 million people developed TB in 2022, up from best estimates of 10.3 million in 2021 and 10.0 million in 2020.
iii.Most people who developed TB were in the WHO regions of South-East Asia (46%),
Africa (23%) and the Western Pacific (18%).
iv.TB-related deaths in 2022, including those with HIV (Human immunodeficiency Viruses), were 1.3 million, a decrease from 1.4 million in 2021.

• TB remains the leading cause of death among people with HIV.

v.COVID-19 disruptions led to nearly half a million additional TB deaths during the 2020-2022 period.
vi.In 2022, 410,000 people developed multidrug-resistant TB(MDR-TB) or rifampicin-resistant TB(RR-TB); only 2 in 5 accessed treatment.

• The report noted that MDR-TB remains a public health crisis.

Insufficient Progress to meet global TB targets set in 2018:
i.Despite progress in 2022, global TB targets set in 2018 were unmet due to pandemic disruptions and conflicts.
ii.TB-related deaths decreased by 19% from 2015 to 2022, falling short of the WHO’s 75% reduction goal by 2025.
iii.TB incidence rate dropped by 8.7% from 2015 to 2022, far from the WHO’s 50% reduction target by 2025.
iv.Approximately 50% of TB patients and households faced catastrophic costs, surpassing the WHO’s zero target.
v.UN High-Level Meeting on TB targets for 2018-2022 were not achieved; only 84% of 40 million people targeted for TB treatment and 52% of 30 million people targeted for preventive treatment were reached.
New Targets:
The 2023 UN High-Level Meeting on TB reaffirmed 2018 commitments and set new goals for 2023-2027, including 90% coverage for TB prevention and care, rapid TB tests, comprehensive benefits for patients, a safe new TB vaccine, and closing funding gaps by 2027.

India & Netherland Signed MoI to Regulate Medical Products; Indian Delegates Participated in WLPF 2023 On 8th November 2023, India and Netherlands signed a Memorandum of Intent (MoI) for cooperation on medical product regulation and enhance the quality of medical products and health care services for both the nations,  at the Hague, Netherlands.

• The MoI was signed during the meeting between Bhagwant Khuba, Minister of State (MoS), Ministry of Chemicals and Fertilizers(MoC&F) of India and Ernst Kuipers, Minister of Health, Welfare and Sports of Netherlands.

During his visit, Bhagwant Khuba, MoS, MoC&F led Indian delegation to participate in the 2nd World Local Production Forum (WLPF 2023) held in the Hague, from 6th to 8th November 2023. 
WLPF 2023:
World Local Production Forum(WLPF) : Enhancing access to medicines and other health technologies is an initiative of the World Health Organisation (WHO) that provides Member States and the global community with a regular platform to:

• Shape strategies;
• Galvanize collective action;
• Foster partnerships on sustainable local production to improve timely and equitable access to quality-assured health products.

Note: The inaugural WLPF was organised virtually from 21-25 June 2021.
Objective:

• To increase access to medicines and other health technologies.
• To leverage regional and global partnerships for local production and technology transfer for timely and equitable access worldwide.
• To explore collective strategies and actions to enhance impact on access and global health security.

Key Highlights:
i.During his visit to Netherlands, Union MoS Bhagwant Khuba, visited the European Medicines Agency (EMA) and met with Carla van Rooijen, Director of the Pharmaceuticals and Medical Technology Division.

• He discussed about the regulations in the pharmaceutical and medical technology industries.

ii.He also visited the Port of Rotterdam which is Europe’s largest port and discussed with Boudwijn Simmons, Chief Operating Officer (COO) of the Port of Rotterdam Authority, and officials about the port’s hydrogen hub plans.

• Rotterdam is set to become a hub in hydrogen production and transportation.

iii.He also visited Bilthoven Biologicals, a part of the Cyrus Poonawalla Group, known as the world’s largest vaccine producer.
iv.He also met with Dr. Amar N. Ramadhin, Minister of Public Health of Suriname and discussed on quality healthcare.
v.He also participated in Kannada Rajyotsava 2023 Celebrations of Shrigandha Holland Kannada Balaga in Eindhoven, Netherlands.

BANKING & FINANCE

Maharashtra leads ‘Q2FY24’ Mutual Fund Investments in India: AMFI Data
According to data from the Association of Mutual Funds in India (AMFI), Maharashtra emerged as the leader in mutual fund investments in India during July-September Quarter-Fiscal Year 2024(Q2FY24) with a substantial equity asset of Rs 7.47 lakh crore out of the industry’s total equity asset of Rs 25.85 lakh crore.

• It is followed by Gujarat and Karnataka holding equity assets of Rs 2.21 lakh crore and Rs 1.99 lakh crore respectively.
• They have surpassed Delhi (ranked 4th), whose equity asset dropped to Rs 1.94 lakh crore.

Key Points:
i.Gujarat and Karnataka accounted for 8.5% and 7.7% of the overall industry equity asset, while Delhi lagged behind at 7.5%.
ii.With an equity asset of Rs 1.66 lakh crore, Uttar Pradesh (UP) secured the 5th  position, surpassing West Bengal (Rs 1.65 lakh crore) and Tamil Nadu (Rs 1.23 lakh crore).
iii.In terms of Systematic Investment Plan (SIP) inflows, Gujarat contributed significantly, accounting for 7% with inflows of around Rs 1200 crore.
iv.Punjab made a strong comeback, securing the 12th position with an equity asset of Rs 45,149 crore, surpassing Telangana and Kerala, which recorded assets of Rs 44,879 crore and Rs 44,076 crore respectively.

Axis Bank & IRMA Inks MoU to Promote Financial Inclusion & Literacy in India 
Axis Bank Limited has signed a Memorandum of Understanding (MoU) with the Institute of Rural Management Anand (IRMA), (Anand) Gujarat, to establish the Axis Bank Chair for Financial Inclusion at IRMA campus.

• The chair was established to promote financial inclusion (FI) and financial literacy across India.

Signatories: 
The MoU was signed by Umakant Dash, Director of IRMA and Abhejit Agarwal, Head of Sustainability & Corporate Social Responsibility (CSR), Axis Bank in the presence of Professors of IRMA and officials from Axis Bank.
About Axis Bank Chair for Financial Inclusion:
i.Axis Bank Chair for Financial Inclusion is constituted for a period of 5 years. 
ii.This will focus on research, deepening industry-academia collaboration, driving thought leadership, and policy advocacy.
iii.Under this MoU, a joint Advisory Committee will be established to oversee the the selection for the Chair and periodically review the progress.
Objective:

• To conduct field-based research to support national and state-level policies.
• To design financial inclusion strategies tailored for India.
• To support capacity building within the banking sector concerning financial inclusion.
• To publish relevant papers, articles, and reports.
• To organise workshops, round tables, and symposia.
• To deliver courses at IRMA on the subject of Financial Inclusion.

About Axis bank Limited:
Managing Director(MD) & Chief Executive Officer(CEO) – Amitabh Chaudhry
Headquarters – Mumbai, Maharashtra
Established in – 1993
Tagline – Badhti Ka Naam Zindagi
About Institute of Rural Management Anand (IRMA):
Director – Umakant Dash
Headquarters – Anand, Gujarat
Established in – 1979 (Established by Dr. Verghese Kurien, popularly known as the Father of the White Revolution in India)

ECONOMY & BUSINESS

UBS Securities raises India’s GDP forecast to 6.3% for FY24 with Potential Growth to 6-6.5%UBS Securities India Private Limited raised India’s fiscal year 2023-2024 (FY24) GDP (Gross Domestic Product) Growth estimate by 10 basis points (100 basis points mean 1 percentage point) to 6.3% amid better-than-expected domestic economic activities

• UBS also increased India’s FY25 GDP growth forecast upwards by 20 basis points to 6.2%.
• It also projected India’s growth to settle towards the long-run average of 6.2% and 6.5% in FY26 and FY27.
• It increased its forecast on the Indian economy’s growth potential in the medium term to 6-6.5% from the earlier 5.75-6.25%.

Key Points:
i.Other key factors for FY24 increase in growth are higher household spending during the ongoing festive season, buoyant credit growth, and reallocation of government spending towards pro-rural and pro-social schemes
ii.An increase in Indian economy’s growth potential in the medium term is due to significant digitalisation adoption, an easing of financial sector weaknesses, and the government’s reform agenda to help support India’s integration into global value chains.
iii.UBS identified challenges for India’s economy: providing jobs for the growing working-age population, navigating a challenging external environment, and managing automation effects.

• Despite these challenges, UBS’s revised GDP growth estimate highlights resilience in India’s economy amid global uncertainties.

AWARDS & RECOGNITIONS

Eco Warrior Awards 2023: India’s 1st Dedicated Awards Show For Indian Forest Service OfficersIndia’s first ever dedicated award show for Indian Forest Service Officers, the Eco Warrior Awards 2023, was held in New Delhi, Delhi to honour exceptional individuals and initiatives that have made significant contributions to environmental conservation and sustainable practices.

• The awards were distributed by the Union Minister Bhupender Yadav, Ministry of Environment, Forest and Climate Change (MoEFCC).
• The Minister of State (MoS), Ashwini Kumar Choubey, MoEFCC was the Guest of Honour.

Organizers:
Eco Warrior Awards 2023 was organised jointly by Indian Masterminds and Indian Forest Service Association, and the awards were sponsored by Hindustan Petroleum Corporation Limited (HPCL) – a Maharatna company in oil and gas sector; Gas Authority of India Limited (GAIL – Maharatna); and Okinawa – Ye E Sahi Hai.
The Winners:
The awards were given in the following 5 categories:
i.Wildlife Conservation: Dr. Mohan Ram for his work in wildlife conservation in Gir Forest, Gujarat
ii.Wildlife Protection: Ritesh Sarothiya, Regional Deputy Director, Northern Region (NR), Wildlife Crime Control Bureau (WCCB), Headquarters, MoEF&CC, Delhi
iii.Forest Protection: Vasu Kanojia, DFO, North Seoni, Madhya Pradesh (MP).
iv.Best Use of Technology for Conservation: Biswajit Mishra, currently serving as Chief Conservator of Forest (CCF), (CTI), in Bengaluru
v.Award for Community Connect: Millo Tassar, Conservator of Forests in Arunachal Pradesh .

APPOINTMENTS & RESIGNATIONS

NPCI Appoints Bollywood Actor Pankaj Tripathi as ‘UPI Safety Ambassador’The National Payments Corporation of India (NPCI) has appointed Bollywood actor Pankaj Tripathi as its ‘UPI(Unified Payments Interface) Safety Ambassador‘ to strengthen safety awareness and security on digital payment platforms.

• This initiative underscores the importance of the security and safety of digital payment platforms, especially in the context of the UPI.

Significance:
i.Various initiatives implemented by NPCI, including UPI, RuPay, and the Immediate Payment Service (IMPS), aimed at simplifying and securing digital transactions.
ii.Amid the rapid adoption of digital payment methods, NPCI underscores the significance of implementing security measures to safeguard online transactions.
Note: Users are advised to choose the appropriate application for their transactions, ensuring the right app for the right purpose.
About Pankaj Tripathi:
i.Pankaj Tripathi made his Bollywood debut in a feature film named Run (2004). In 2018, he made his debut in Tamil cinema with Kaala, alongside Rajinikanth and Nana Patekar.
ii.Pankaj Tripathi is known for his dedication to national causes.

• In 2022, he was named the ‘National Icon’ of the Election Commission of India (ECI) for his significant contribution to creating voter awareness.

iii.His notable works include Films like Gangs of Wasseypur (2012), Masaan (2015), Newton (2017), Stree (2018), Mimi (2021) and web series  like Mirzapur (2018), Criminal Justice (2019).
iv.Brands Endorsed by Pankaj Tripathi includes Xiaomi India(2023), Redmi(2023) and Capri Global Capital(2022).
Awards:
i.In 2018, he won his 1st National Film Award– Special Mention for the movie Newton (2017).
ii.In 2023, he won his 2nd National Film Award– Best Supporting Actor for his performance in the 2021 film Mimi.
About National Payments Corporation of India (NPCI):
NPCI is an umbrella organisation for operating retail payments and settlement systems in India. It is an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA).
Managing Director and Chief Executive Officer– Mr. Dilip Asbe
Non–Executive Chairman– Mr. Biswamohan Mahapatra
Headquarters– Mumbai, Maharashtra
Incorporated in– 2008

SCIENCE & TECHNOLOGY

Indian Army is Set to Induct Hermes 900 Starliner Drones of IsraelThe Indian Army (IA) is set to induct the Hermes 900 Starliner drone a Multi-role, Medium Altitude Long Endurance (MALE) Unmanned Aircraft System(UAS) from Israel-based defence company Elbit Systems to boost surveillance and reconnaissance capabilities.
Background:
i.The Indian Army, Indian Navy, and Indian Air Force(IAF) have awarded the contract to buy two MALE- UAS from Israel through the fourth tranche of emergency procurements powers granted to the forces.

• IAF has inducted two Remotely Piloted Aircraft System (RPAS) Heron Mark 2 drones from the Israel Aerospace Industries (IAI) in August 2023.

About the Hermes 900 Starliner Drones:
i.Elbit Systems in partnership with Adani Aerospace and Defence manufactures the complete carbon composite aerostructures for Hermes 900 Starliner in Hyderabad(Telangana)
ii.Hermes 900 Starliner is capable of carrying a maximum payload of 450 kg, attaining an altitude of 30,000 ft and it can also fly continuously for up to 36 hours.
iii.Hermes 900 Starliner is the first and only NATO’s Standardized Agreement 4671(NATO STANAG 4671) certified MALE UAS to operate in civilian airspace.
Features:
i.Hermes 900 Starliner has a wingspan of 17 meters and is equipped with an Automatic Take-Off and Landing (ATOL) system.
ii.It is fitted with synthetic aperture radar (SAR), a ground moving target indicator (GMTI) radar, and maritime patrol radar to detect, locate and acquire targets.
iii.It is also attached with Electronic Warfare payloads and has a Powerful Heavy Fuel Engine (HFE).
iv.It futher involves an active de-icing system, direct and indirect lightning strike survivability, and zero visibility landing capability to fly in adverse weather conditions.
v.It is equipped with an Air RADAR sensor which detects both cooperative and non-cooperative aircraft, as well as a Terrain Awareness and Warning System (TAWS).

IREDA Launches CSR Portal to Improve Transparency in CSR Initiatives
Dr. Praveen Kumari Singh, Additional Secretary, Central Vigilance Commission (CVC) launched Indian Renewable Energy Development Agency (IREDA)’s Corporate Social Responsibility (CSR) portal  to enhance transparency in its CSR initiatives.

• Pradip Kumar Das, Chairman & Managing Director (CMD) of IREDA, Ajay Kumar Sahani, Chief Vigilance Officer and other senior officials were present during the launch.
• The portal was launched on the last day of  “Vigilance Awareness Week 2023” which was observed from 31st October to 5th November 2023.

About the portal:

• The portal will facilitate the receipt and disposal of CSR requests from various organizations and institutions.
• It will be accessible 24×7 to all and will provide a CSR policy and proposal checklist for examination of CSR requests.

IREDA is a Mini Ratna (Category – I) Central Public Sector Enterprise (CPSE) under the Ministry of New and Renewable Energy.

OBITUARY

Former SBI Chairman Dhruba Narayan Ghosh Passed Away
Dhruba Narayan Ghosh (DN Ghosh), former Chairman (12th) of the State Bank of India (SBI) and Chairman Emeritus of ICRA Limited, passed away at the age of 95 in Kolkata, West Bengal. He was born on 6 August 1928 in Cooch Behar (West Bengal).
About DN Ghosh:
i.He worked as a faculty at the School of Economics & Planning, Jawaharlal Nehru University from 1975-76 and as a professor of development finance at the Indian Institute of Management(IIM), Calcutta (now Kolkata), in 1981.
ii.He held different positions in the Ministry of Finance, Ministry of Steel & Mines, and Ministry of Defence.
iii.He served as Chairman of SBI from 1985 to 1989; Philips India Limited from 1989-99; Larsen & Toubro(L&T) from 1991-92.
iv.He was the founder-chairman of the credit rating agency ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited).
v.He served as the chairman of the Board of Governors at the IIM Lucknow, Uttar Pradesh and also served as the Chairman of the Management Development Institute Gurgaon, Haryana.
vi.He had been managing trustee of the Sameeksha Trust, the publishers of Economic & Political Weekly, the leading academic and polemical journal since 1991.
vii.He was also the president of the Society for the Preservation of Satyajit Ray Archives (Ray Society).
Books:
Governance and Accountability: Essays on the Indian Financial and Corporate Sectors (2007); Business And Polity: Dynamics Of A Changing Relationship (2011); No Regrets (2015).

IMPORTANT DAYS

World Urbanism Day 2023 – November 08World Urbanism Day(WUD), also known as World Town Planning Day(WTPD),  is annually observed across the globe on 8th November to recognise and promote the role of thorough planning in creating livable communities.
i.The theme for World Town Planning Day 2023 is “Learn Globally, Apply Locally”
ii.The day was initially proposed by Professor Carlos Maria della Paolera of the University of Buenos Aires (Argentina) in 1949.
iii.The Institute of Town Planner, India , established in 1951 organizes the World Town Planning Day in India.
About  International Society of City and Regional Planners (ISOCARP):
President– Pietro Elisei
Headquarters– The Hague, The Netherlands
Founded in – 1965
>> Read Full News

National Legal Services Day 2023 – November 09National Legal Services Day(NLSD) is annually observed across India on 9th of November.

• 09th November 2023 marks the 29th National Legal Services Day.

i.The theme of National Legal Services Day 2023 is ‘Access to Justice for All: Empowering the Marginalised through Legal Awareness’.
ii.The first ever NLSD was celebrated on 09th November 1995.
About National Legal Services Authority (NALSA):
Patron-in-Chief– Justice Dhananjaya Yeshwant Chandrachud (Chief Justice of India)
Headquarters– New Delhi, Delhi
Established in – 1995
>> Read Full News

World Quality Week 2023- November 6 to 10 World Quality Week (WQW) is annually observed across the globe on the 2nd week of November to recognise the achievements of quality professionals, reflect on the successes and challenges of the past year, and share best practices for ensuring quality in all areas of lives.
WQW 2023 is observed from 6 to 10 November 2023.
The theme of WQW 2023 is “Quality: realising your competitive potential“.

• WQW is a flagship brand awareness campaign of the Chartered Quality Institute (CQI).

Background:
i.The Chartered Quality Institute (CQI), a business entity in London, the United Kingdom (UK), observed the 2nd Thursday of November every year as World Quality Day.
ii.In 2021, the CQI expanded the one-day event of quality management “World Quality Day” into a week-long celebration “World Quality Week”.
About Chartered Quality Institute (CQI):
The CQI is the professional body for experts in improving product, project, and service quality and is incorporated by Royal Charter.
President– Lord Jamie Lindsay
Headquarters– London, The United Kingdom(UK)
Established in– 1919
>> Read Full News

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