Current Affairs 26 November 2021

We are here for you to provide the important Recent and Latest Current Affairs 26 November 2021, which have unique updates of Latest Current Affairs 2021 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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NATIONAL AFFAIRS

Cabinet Approvals on November 24, 2021The Union Cabinet headed by Prime Minister (PM) Narendra Modi approved the following important initiatives on November 24, 2021.
Key Points:
i.The Union Cabinet approved a bill to repeal the 3 farm laws, which were passed by Parliament in September 2020, with an objective to bring reforms in the agriculture sector, especially the marketing of farm produce.

• The bill to scrap the farm laws would be introduced in the winter session of the Parliament, which starts on November 29, 2021.

ii.Cabinet has approved the extension of the free foodgrain distribution scheme under the  Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)-Phase V for another 4 months i.e. from December 2021 to March 2022, with an estimated additional food subsidy of Rs 53344.52 Crore.
iii.Cabinet approved the formation of a Company (Special Purpose Vehicle (SPV)) to privatise electricity distribution and Retail Supply Business business in the UT of Dadra & Nagar Haveli and Daman & Diu (DNH&DD).
iv.The Cabinet Committee on Economic Affairs (CCEA) approved the continuation of the National Apprenticeship Training Scheme (NATS) of Ministry of Education for the next 5 years from i.e from FY22 (financial year 2021-22) to FY26.
v.CCEA approved continuation of the umbrella scheme of Ministry of Earth Sciences, ‘Ocean Services, Modelling, Application, Resources and Technology (O-SMART)’ for implementation from 2021-26 at an overall cost of Rs 2177 crore.
>>Read Full News

Rail Ministry Introduced Bharat Gaurav Policy; Enable Private Players to Run Theme Based Circuits TrainsAshwini Vaishnaw, Union Minister of Railways, introduced the Bharat Gaurav policy – Bharat Gaurav Trains (Theme- based Tourist Circuit trains) under which private players or state owned operators can operate theme based circuit trains on the lines of the Indian Railway Catering and Tourism Corporation (IRCTC).The Bharat Gaurav policy aims to promote and attract tourism.

• The theme based circuit trains are aimed to take tourists to experience the cultural heritage sites of India.

About Ministry of Railways:
Union Minister– Ashwini Vaishnaw (Rajya Sabha- Odisha)
Minister of State– Danve Raosaheb Dadarao (Constituency- Jalna, Maharashtra) & Darshana Jardosh(Constituency- Surat, Gujarat)
>>Read Full News

INTERNATIONAL AFFAIRS

2021 Access to Seeds Index: India is among Top 6 Countries in Asia Attracting Investments in Seed SectorAs per the 2021 Access to Seeds Index (3rd Edition), which is launched as part of World Benchmarking Alliance (WBA), India is one among the 6 South and South-East Asian countries that attracts most investments in the domestic seed sector from the global seed industry.

• The Access to Seeds Index measures and compares the efforts of the world’s leading seed companies to enhance the productivity of smallholder farmers.
• The 2021 Access to Seeds Index ranks 31 seeds companies (13 global and 18 regional companies selling vegetable and field crop) in South and South-East Asia on six measurement areas for increasing access to quality seeds of improved varieties to reach smallholder farmers with quality seeds in 14 countries.

2021 Access to Seeds Index: South and South East Asia:

2021 About Access to Seeds Index :
i.Access to Seeds Index benchmarks 67 seed companies on their efforts to make their products available to smallholder farmer in 3 regions: South and South-east Asia, Eastern and Southern Africa, and Western and Central Africa.

•  All the 67 companies report their presence in 54 of 55 index countries.

ii.2021 Access to Seeds Index  is the 3rd index after 2016 and 2019 index.
iii.The index also evaluates seed companies’ contributions to achieving Sustainable Development Goal 2: Zero Hunger.
>>Read Full News

FAO’s (SOFA) 2021 Report States the Need to Make Agri-Food Systems Resilient to Address Food SecurityThe Food and Agriculture Organization of the United Nations (FAO)’s The State of Food and Agriculture (SOFA) 2021 Report entitled “Making agrifood systems more resilient to shocks and stresses” states the need to enhance the resilience of the agri-food systems to address food security.

• The report provides an assessment of the ability of national agrifood systems to respond to or recover readily from shocks and stresses.
• This flagship publication(SOFA 2021) is part of The State of the World series of the FAO.

SOFA 2021:
i.The State of Food and Agriculture 2021 presents country-level indicators of the resilience of agri-food systems.
ii.The indicators measure the robustness of primary production and food availability, as well as physical and economic access to food.
iii.It discusses options to minimize trade-offs that building resilience may have with efficiency and inclusivity
Click here for the complete report – SOFA 2021
About The Food and Agriculture Organization of the United Nations (FAO):
Director General– QU Dongyu
Headquarters– Rome, Italy
>>Read Full News

BANKING & FINANCE

Union Bank of India, CGCL Announced a Co-lending Partnership to Finance MSMEsUnion Bank of India has entered into a co-lending partnership with Capri Global Capital Ltd (CGCL), a NBFC (Non Banking Finance Company) focused on MSMEs (Micro, Small and Medium Enterprises), to enhance last-mile finance and drive financial inclusion to MSMEs  by offering loans between Rs 10 lakh to Rs 1 crore.

• The partnership with CGCL is part of the bank’s strategy to support the MSMEs by providing tailor-made financial solutions and accelerating the growth of MSMEs in tier II and III markets.
• The loan disbursement under this arrangement would start from December 2021.
• The partnership agreement was signed under the co-lending guidelines issued by the Reserve Bank of India (RBI) in November 2020 for co-lending to the priority sector.

About RBI’s Framework over Co-lending:
i.On November 5, 2020, the RBI issued the the Co-lending framework under which banks will be permitted to co-lend with all registered NBFCs (including Housing Finance Companies) based on a prior agreement.
ii.Objective: To improve the flow of credit to the unserved and underserved sector of the economy and make available funds at an affordable cost.
About Union Bank of India:
Establishment – 11 November 1919
Headquarters – Mumbai, Maharashtra
MD & CEO – Rajkiran Rai G.
Tagline – Good People to Bank with

Bajaj Allianz General Insurance Partners with TropoGo for Drone InsuranceOn 25th November 2021 Bajaj Allianz General Insurance announced its partnership with deep-tech startup TropoGo for the distribution of a drone Insurance product.With this Bajaj Allianz General Insurance becomes the 4th insurer to offer drone cover.

• HDFC Ergo was the first insurer to launch a drone insurance cover in June 2020, followed by ICICI Lombard in August 2021, and Tata AIG in October 2021.

Insurance Coverage:
The drone insurance product will cover,
i.Damage to the Drone and Payload it carries
ii.Third Party Liability
iii.BVLOS (Beyond Visual Line of Sight) Endorsement and Night Flying Endorsement
Eligible Insurers:
i.Drone owners and drone manufacturing companies can avail an annual third-party and comprehensive coverage for accidental damage, theft, and disappearance
ii.Companies can also avail customised insurance coverage for fleet requirements.

Note – The civil aviation ministry foresees an investment of over Rs 5,000 crore in the drone manufacturing industry over the next three years leading to annual turnover of over Rs 900 crore by FY24.
About TropoGo
TropoGo is India’s First Drone Marketplace and an Insurtech startup that provides on-demand Micro Drone Insurance
Founder – Sandipan Sen
Established – 2018
Headquarters – Bangalore, Karnataka
About Bajaj Allianz General Insurance
CEO & MD – Tapan Singhel
Established – 2001
Headquarters – Pune, Maharashtra

BFSL and OneCard Launches Co-branded Credit Card powered by mobile app BOB Financial Solutions Ltd (BFSL), a wholly owned subsidiary of Bank of Baroda (BoB), has partnered with OneCard, to launch a co-branded mobile-first credit card.

• The internationally valid credit card will be issued by BFSL and managed by OneCard on VISA’s Signature platform.
• The virtual credit card which is powered by a mobile app will be delivered in under three minutes and the metal card will be delivered in three to five days.

Key Highlights:
i.OneCard has been launched by FPL Technologies, a fintech start-up which allows users to control all aspects of the card like locking the card, enabling offline and online tractions, enabling domestic and international transactions, and paying the bill from an app.
ii.BFSL ensures to offer best-in-class credit cards to our customers under the Bank of Baroda brand
iii.The benefits of the card are ,Lifetime validity, zero joining and annual fee, instant virtual card issuance, instant issuance of reward points, and easy redemption.
About BOB Financial Solutions Ltd (BFSL):
MD & CEO -Shailendra Singh
Headquarter – Mumbai, Maharashtra

ECONOMY & BUSINESS

Moody’s Projected India’s GDP Growth in FY22 at 9.3% and FY23 at 7.9%Moody’s Investors Service has fixed India’s GDP (Gross Domestic Product) growth projection for financial year 2021-22 (FY22) at 9.3 percent and for FY23 at 7.9 percent.

• It has expected a growth in Indian economy due to increasing rate of vaccination against the COVID-19 in India, which supports a sustained recovery in economic activity.
• Consumer demand, spending and manufacturing activity is recovering.
• If a new wave of the COVID-19 occurs in India, it will lead to subdued Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) growth of less than 15-20 percent for Indian companies over the next 12-18 months.
• To boost India’s economic growth, Moody’s suggested increased government spending on infrastructure to support demand for cement and steel.

About Moody’s:
Headquarters – New York, United States
President & CEO – Rob Fauber

AWARDS & RECOGNITIONS    

Delhi’s Sadar Bazar Police Station Ranked as India’s Best Police Station: India’s Top 10 Police Stations for 2021

Sadar Bazar Police Station(PS) in Delhi has topped the annual list of India’s Top 10 Police Stations for 2021 released by the Ministry of Home Affairs(MoHA).

• Gangapur PS in Ganjam, Odisha is adjudged as 2nd best followed by Bhattu Kalan PS, Fatehabad, Haryana as the 3rd best.
• Union Home Minister Amit Shah presented the trophies to the Station House Officers(SHOs) of the top 3 stations at the Directors General of Police (DGP) conference organised by the Intelligence Bureau (IB) in Lucknow, Uttar Pradesh.

The other PS on top 10: Valpoi PS in North Goa, Goa; Manvi PS in Raichur, Karnataka; Kadmat Island PS in Lakshadweep; Shirala PS in Sangli, Maharashtra; Thottiyam PS in Tiruchirappalli, Tamil Nadu; Basantgarh PS in Udhampur, Jammu & Kashmir; and Rampur Chauram PS in Arwal, Bihar.

The ranking process assesses the performance of police stations on parameters like handling of property offences, crime against women, crime against weaker sections, missing persons cases, infrastructure, approachability of personnel and feedback of citizens etc

APPOINTMENTS & RESIGNATIONS          

Kuwait Reappoints Sheikh Sabah Al-Khalid as Prime MinisterKuwait reappointed Sheikh Sabah Al-Khalid Al-Sabah as the Prime Minister (PM) of the country, he has already been the PM since  2019.

• He was reappointed by an Emiri order (Head of the State) issued by Crown Prince Sheikh Meshal al-Ahmad al-Sabah.
• Kuwait is an emirate, the Emir is the head of state and the Al Sabah is the ruling family which dominates the country’s political system.

i.Recently, Emir Sheikh Nawaf al-Ahmed al-Sabah temporarily handed over some of his main constitutional duties to the crown prince, his designated successor, including naming the PM and swearing in the cabinet.
ii.Kuwait is a Western Asia country. It borders Iraq and Saudi Arabia.
It is the founding member of the Gulf Cooperation Council (GCC).
About Kuwait:
Capital- Kuwait City
Currency- Dinar

Century LED appoints Sourav Ganguly as Brand Ambassador for MagikOn 23 November 2021, Century LED Limited  appointed renowned cricketer and 39th BCCI (Board of Control for Cricket in India) president, Sourav Ganguly as brand ambassador for its Magik range of LED (Light Emitting Diode)  lighting products.
Key points:
i.Century LED Limited is a leading LED lights manufacturer in India which provides  LED lighting solutions under the brand Magik.
ii.Recently,  Sourav Ganguly was also appointed as the Chairman of the International Cricket Council (ICC) Men’s Cricket Committee.

• Autobiography: ‘’A Century is Not Enough’’

About Century LED Ltd.
Managing Director-Anirudh Kajaria
Headquarters -Kolkata, West Bengal  

SCIENCE & TECHNOLOGY

Skyroot Aerospace Test-Fired Dhawan-1 India’s 1st Privately Built Cryogenic Rocket EngineSkyroot Aerospace, a space technology startup based in Hyderabad, has successfully test-fired Dhawan-1, India’s first privately developed fully cryogenic rocket engine.

• This will power the upper stages of its upcoming Vikram-2 orbital launch vehicle.
• The rocket engine Dhawan-1 is named after Satish Dhawan, an Indian rocket scientist.

About Dhawan-1:
i.Dhawan-1 is a completely ‘Made-in-India’ cryogenic engine, developed using 3D printing with a superalloy.
ii.The usage of 3D printing has reduced around 95% of manufacturing time.
iii.The engine is fuelled by liquefied natural gas and liquid oxygen—a high-performance, low-cost and clean rocket fuel
About Skyroot Aerospace:
Co-Founder, CEO & CTO– Pawan Kumar Chandana
Co-Founder, COO– Naga Bharath Daka
Headquarters–  Hyderabad, Telangana
>>Read Full News

Indian Navy Commissions 4th Scorpene-class submarine INS Vela in MumbaiOn 25th November 2021 The Indian Navy commissioned Scorpene-class submarine INS Vela at the naval dockyard in Mumbai, in the presence of the chief of naval staff Admiral Karambir Singh.

• INS Vela is the fourth of six Scorpene-class submarines to be commissioned under Project 75.
• It was built by Mazagon Dock Shipbuilders Ltd in collaboration with M/s Naval Group of France.

It also commissioned INS Visakhapatnam, an indigenously designed P15B stealth-guided missile destroyer into the Indian Navy in the presence of Defence Minister Rajnath Singh at the Naval Dockyard, Mumbai.
About Indian Navy
Chief of Naval Staff (CSS) – Admiral Karambir Singh.
Integrated Headquarters – New Delhi, Delhi
About Ministry of Defence (MoD)
Union Minister – Rajnath Singh (Lucknow – Uttar Pradesh)
Minister of State – Ajay Bhatt (Nainital-Udhamsingh Nagar, Uttarakhand)
>>Read Full News

China Successfully Launches new Shiyan-11 Satellite for TestingChina successfully launched the Shiyan-11 satellite aboard a Kuaizhou-1A carrier rocket from the Jiuquan Satellite Launch Centre in the Gobi Desert in Inner Mongolia.The satellite entered its predetermined orbit.
About the satellite:
i.Shiyan-11 is built for testing. Another series of Chinese satellites called ‘Shijian’ is used for technology verification.
ii.The latest Shijian satellite, the Shijian-21, was launched in October 2021 to test and verify space debris mitigation technologies.

• The satellite was launched by a Long March-3B carrier rocket and it entered the planned orbit successfully.
• It was launched from the Xichang Satellite Launch Centre in southwest China’s Sichuan Province.

iii.Kuaizhou-1A is a general-purpose, small-sized rocket series. It is designed and manufactured by the China Aerospace Science and Industry Corporation (CASIC) for commercial launches.
Other Space Expedition of China:
BeiDou-3  Navigation Satellite System (BDS)-
In 2020 China has formally launched full global services of its BeiDou-3 Navigation Satellite System (BDS).

• The navigation satellite system was completed in three steps: BDS-1 which provided services to China, BDS- 2 to provide services to the Asia-Pacific region and BDS-3 which provides services worldwide.
• It will be the fourth global satellite navigation system after the USA GPS (Global Positioning System), Russia’s GLONASS and European Union’s Galileo.

  Mars Mission-Tianwen-1-

• It lifts off on a Long March 5 rocket, from the Wenchang launch centre and carries 13 payloads (seven orbiters and six rovers) that will explore the planet.
• It is an all-in-one orbiter, lander and rover system

Lunar Mission- Chang’e-5-

• The Chang’e-5 was launched on Nov. 24 2020.
• The objective of the mission was to bring back lunar rocks, the first attempt by any nation to retrieve samples from the moon in four decades.

About China:
President- Xi Jinping
Currency– Renminbi
Capital- Beijing

OBITUARY

Sahitya Akademi Award-winning Eminent Assamese Poet Sananta Tanty Passed AwaySahitya Akademi Award-winning, Eminent Assamese poet Sananta Tanty has passed away due to cancer in New Delhi. He was born in Karimganj district of Assam.
About Sananta Tanty:
i.Sananta Tanty has started his career at the Assam Tea Employees’ Provident Fund Organisation in 1971 and retired as the Deputy Provident Fund Commissioner in 2012.
ii.Some of his works include Ujjwal Nakshatrar Sondhanot, Moi Manuhar Amal Utsav, Nizor Biruddhey Sesh Prastab and Moi.
Awards:
i.He won the Sahitya Akademi Award(Assamese) in 2018 for his collection of poems titled “Kailoir Dinto Amar Hobo”.
ii.He has also won the prestigious award, Assam Valley Literary Award for 2017, for the same.

BOOKS & AUTHORS

A book titled “Bangladesh Liberation@50 Years:Bijoy’ with Synergy: India-Pakistan War 1971” ReleasedOn 24 November 2021, General. MM Naravane released a book ‘Bangladesh Liberation @ 50 years: ‘Bijoy’ with Synergy, India-Pakistan war 1971’, a compilation of personal accounts of the war by veterans from India and Pakistan.

• The event was organised by the Centre for Land Warfare Studies (CLAWS) at the India International Centre (IIC), Delhi to commemorate  50 Years of India-Bangladesh Friendship as well as the decisive victory in the India- Pakistan War 1971.

About the book:
i.The book is an amalgamation of historical and anecdotal accounts of the 1971 War and comprises authors from both India and Bangladesh. Mostly who fought the war.
ii.It contains experiences, atrocities and the torture on fighting the war and being a Prisoner of War (PoW) with Pakistan Army.
iii.The  award ceremony was also conducted. The ‘Scholar Warrior Award’ was awarded by the former COAS (Chief of Army Staff) of Bangladesh, Bir Protik to Brigadier Narender Kumar for his outstanding contribution as a warrior and in the field of research.
About India- Pakistan War 1971:
i.The Bangladesh Liberation War culminated in December 1971 with the defeat of Pakistan.

• To ensure a smooth transition, in 1972 the Simla Agreement was signed between India and Pakistan.

ii.The treaty ensured that Pakistan recognised the independence of Bangladesh in exchange for the return of the Pakistani PoWs.
iii.India treated all the PoWs in strict accordance with the Geneva Convention, rule 1925. It released more than 93,000 Pakistani PoWs in five months.

IMPORTANT DAYS

International Day for the Elimination of Violence against Women 2021 – November 25 United Nations(UN)’s International Day for the Elimination of Violence against Women is annually observed across the globe on November 25th to create awareness about the violence and abuse against women and girls around the world.
The day aims to prevent and respond to violence against women and to educate people on the basic human rights of women and gender equality.
The global theme of International Day for the Elimination of Violence against Women 2021 is “Orange the World: End Violence against Women Now!”. 
The global theme 2021 is set by the UNiTE Campaign 2021.

• The colour orange represents a bright future free of violence against women and girls.
• Iconic buildings and landmarks across the globe will be ‘oranged’ to highlight the need for a violence-free future.

UNiTE Campaign 2021:
To mark the observance of International Day for the Elimination of Violence Against Women, the UN launched UN Secretary-General’s UNiTE by 2030 to End Violence against Women Campaign (UNiTE Campaign).
Since 2008, the campaign has been led by the UN Secretary-General and UN Women. 
Background:
i.Women’s rights activists have been observing the 25 November as a day against gender-based violence since 1981.
ii.The United Nations General Assembly(UNGA)’s resolution A/RES/54/134 of 17th December 1999, proclaimed the 25th November of every year as International Day for the Elimination of Violence against Women.
iii.The first-ever International Day for the Elimination of Violence against Women was observed on 25th November 2000. 
About UN Women:
UN Women is the UN entity dedicated to gender equality and the empowerment of women. 
Executive Director– Sima Sami Bahous
Headquarters– New York City, United States of America
>>Read Full News

STATE NEWS

Andhra Pradesh Passes a Bill to Repeal ‘3 Capitals’ ActThe Andhra Pradesh government passed a Bill to repeal the AP Decentralisation and Inclusive Development of All Regions Act and the Capital Region Development Authority (CRDA) Repeal Act of 2020.

• The Bill was moved by Finance and Legislative Affairs Minister Buggana Rajendranath Reddy
• The repeal of the two Acts came after the various petitions filed by the farmers in the State’s High Court.

Background:
i.Andhra Pradesh had notified the AP Decentralisation and Inclusive Development of All Regions Act, 2020, and the AP Capital Region Development Authority (Repeal) Act, 2020 in July 2020 to introduce 3 Capitals for the state.

• Amaravati – legislative capital.
• Visakhapatnam – executive capital.
• Kurnool – judicial capital.

ii.The current government has decided to reverse the previous government’s decision to have an ambitious world-class capital city at Amaravati, which is located between Vijayawada and Guntur.
iii.Andhra Pradesh Chief Minister has announced to re-introduce a similar law, for the formation of 3-capitals, by making necessary changes to the old one.
3-Capitals:
i.Building one mega capital might neglect other parts of the state while ‘3 capitals’ ensure equal development of different regions of the state.
ii.B N Srikrishna and K Sivaramakrishnan Committees appointed by the Government of India, Ministry of Home Affairs under section 6 of the AP Reorganisation Act, 2014 has made clear that Decentralisation must be the central theme for setting up capital of a state.
Challenges of ‘3-Capitals’:
The cost of travel and time taken to travel from one capital to another becomes difficult as the Executive capital Visakhapatnam is 700 km from judicial capital Kurnool, and 400 km from legislative capital Amaravati and also the Amaravati-Kurnool distance is 370 km.
About Andhra Pradesh:
Governor – Biswabhusan Harichandan
National Parks – Rajiv Gandhi National Park, Papikonda national park, Sri Venkateswara National Park(biosphere reserve)
Wildlife sanctuaries – Sri Lankamalleswara WildLife Sanctuary, Krishna Wildlife sanctuary, Kaundinya WildLife Sanctuary

UNICEF & Odisha Water Resource Department Signs LoA for Water ManagementOn 24^th November 2021 the Department of Water Resources (DoWR), Odisha and The United Nations Children’s Fund (UNICEF) signed a letter of agreement (LoA) to collaborate on communication and policy initiatives of the department.
Objective – To develop high impact communication materials and water policy that helps to ensure change in behavior of children and women on sustainable water use and conservation.
Key Highlights:
i.The LoA aims at engaging with the community on sustainable water management, prudent water use, equity in water distribution, water conservation, women as principal stakeholders in water governance and participatory irrigation management.
ii.‘Youth4Water’ website has been launched for water conservation through greater community engagement in matters of water governance, water conservation and keeping water clean.
iii.‘Youth4Water’ and ‘Mo Nadi’ campaigns are the key features of the collaboration with UNICEF for Rethinking State water policy, development of Water and Land Management Institute (WALMI) as a centre of excellence
iv.Large scale urbanisation, shifting cultivation patterns, and industrial growth have forced us to think more strategically about water and communication and work to achieve the Sustainable Development Goal (SDG).
Note – Sustainable Development Goal (SDG 6) – Ensure availability and sustainable management of water and sanitation for all
About UNICEF
Executive Director – Henrietta Holsman Fore
Headquarters – New York, USA

MP to Get India’s First Cyber Tehsil: MP Home Minister Narottam Mishra

Narottam Mishra, Home Minister of Madhya Pradesh(MP) announced that the cabinet of MP has approved the proposal to create the cyber tehsils. MP is set to become the first state in India to get cyber tehsil.
About Cyber Tehsil:
i.The cyber tehsil will ease the mutation process and will allow the people to avail their benefits from anywhere across the state.
ii.With cyber tehsil, the process of conversion will become convenient in the cases of undisputed land.
MP launch Urja Saksharta Abhiyan: 
The cabinet has also decided to launch the Urja Saksharta Abhiyan from 25th November 2021 with an aim to make citizens energy literate.

• The schools, colleges and general public of the state will be connected under this campaign.
• With this launch, MP has become the first state in India to run a energy literacy campaign on big scale.

About Madhya Pradesh:
Governor- Mangubhai Patel
National Park– Van Vihar National Park; Panna National Park
Wildlife Sanctuary– Nauradehi Wildlife Sanctuary; Orchha Wildlife Sanctuary; Panpatha Wildlife Sanctuary

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