We are here for you to provide the important Recent and Latest Current Affairs 5 November 2024, which have unique updates of Latest Current Affairs 2024 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.
Our Current Affairs November 2024 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Latest Current Affairs Quiz and Monthly Current Affairs 2024 PDF which will be a pedestrian to crack your exams.
Read Current Affairs in CareersCloud APP, Course Name – Learn Current Affairs – Free Course – Click Here to Download the APP
Click here for Current Affairs 3 & 4 November 2024
Click here for Affairscloud Hindu Free Vocabs telegram channel
NATIONAL AFFAIRS
India and WHO Jointly Hosted 19th ICDRA in New Delhi
The Central Drugs Standard Control Organisation (CDSCO), Ministry of Health and Family Welfare (MoHFW), India hosted the 19th International Conference of Drug Regulatory Authorities (ICDRA) in collaboration with the World Health Organisation (WHO). This marks the first time India has hosted the ICDRA since its inception in 1980.
- The conference was held from 14th October to 18th October 2024 at Yashobhoomi, India International Convention Centre (IICC) in New Delhi, Delhi.
- Theme of 19th ICDRA: “Smart Regulation: Delivering Quality Assured Medical Products for All”.
i.The conference was inaugurated by Union Minister Jagat Praksah Nadda, MoH&FW.
ii.The first 2 days of the conference were designated as PRE-ICDRA and the remaining 3 days were designated as ICDRA.
About Central Drugs Standard Control Organisation (CDSCO):
It is the National Regulatory Authority (NRA) of India. It works under Directorate General of Health Services, MoHFW.
Drug Controller General of India (DCGI)- Dr. Rajeev Singh Raghuvanshi
Headquarters- New Delhi, Delhi
>> Read Full News
ESIC’s Medical Benefit Council Approved the Convergence of ESI Scheme & AB-PMJAY
Employees’ State Insurance Corporation (ESIC)‘s Medical Benefit Council has approved the convergence of the Employees’ State Insurance (ESI) Scheme with Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) to improve healthcare access for ESI beneficiaries.
- The decision was made during the 86th Medical Benefit Council meeting chaired by Ashok Kumar Singh, Director General (DG) of ESIC in New Delhi, Delhi.
i.This aims to enhance medical services and includes initiatives like annual health check-ups and awareness camps for early diagnosis and improved healthcare delivery.
ii.The council also approved the implementation of the Common Support Mission (CSM) for states to improve and strengthen ESI’s medical service delivery system in states with a focus on the Insured Persons(IP) centric approach.
Note: AB PM-JAY is the world’s largest health assurance scheme was launched on September 23, 2018, aims at provide a health cover of Rs 5 lakh per family per year for secondary and tertiary care hospitalisation to over 12 crore poor and vulnerable families that form the bottom 40% of the Indian population.
INTERNATIONAL AFFAIRS
PM Modi visit to Russia from 22nd to 23rd October to attend 16th BRICS summit in Kazan
Prime Minister (PM) Narendra Modi visited Russia from 22nd to 23rd October 2024 to attend the 16th BRICS(Brazil, Russia, India, China and South Africa) Summit in Kazan, Russia following an invitation from Russian President Vladimir Putin.
- The BRICS Summit 2024 was held under the chairmanship of the Russian Federation in Kazan, Russia from October 22 to 24, 2024. The summit was chaired by Vladimir Putin, President of the Russian Federation.
- The theme of the Summit was ‘Strengthening Multilateralism for Just Global Development and Security, which aimed to provide an important platform for leaders to discuss key global issues.
- The 16th BRICS Summit ended with the adoption of the Kazan Declaration, a comprehensive document outlining key areas of cooperation and the bloc’s unified stance on global issues.
About Russia:
President – Vladimir Putin
Capital – Moscow
Currency – Russian Ruble
>> Read Full News
BANKING & FINANCE
RBI Adds 13 New Firms to its Alert List of Unauthorized Forex Trading Platforms
On 22nd October 2024, the Reserve Bank of India (RBI) added 13 more firms to its “alert list” of unauthorized forex trading platforms. With this, the total number of entities in the RBI alert list has expanded to 88.
- As per the RBI, the entities in the alert list are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999(FEMA) nor authorised to operate Electronic Trading Platforms (ETPs) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018.
Key Points:
i.The Alert list also includes the names of entities/platforms/websites which are promoting unauthorized entities or ETPs, including through advertisements of such unauthorized entities or claiming to be providing training or advisory services. However, this list is not exhaustive.
ii.RBI further clarified that if an entity does not appear on the list then it should not be assumed to be authorised by the RBI.
iii.As per the RBI direction, the authorisation status of any person or ETP can be ascertained from the list of authorised persons and authorised ETPs.
Name of 13 Firms on RBI’s Alert List:
| S.NO. | Name of the Firm |
|---|---|
| 1 | TDFX (tdfx.exchange) |
| 2 | Inefex (inefex.com/international) |
| 3 | YorkerFX (yorkermarkets.com) |
| 4 | Growline (grow-line.org) |
| 5 | Ranger Capital (rangercapital.net) |
| 6 | Think Markets (thinkmarkets.com) |
| 7 | Smart Prop Trader (smartproptrader.com) |
| 8 | FundedNext (fundednext.com) |
| 9 | Weltrade (weltrade.com) |
| 10 | FreshForex (freshforex.com) |
| 11 | FX Road (fxroad.com) |
| 12 | DBG Markets (dbgmarketsglobal.com) |
| 13 | Plusonetrade (plusonetrade.com) |
About Reserve Bank of India(RBI):
Governor– Shaktikanta Das (25th Governor of RBI)
Headquarters- Mumbai, Maharashtra
Established– 1 April, 1935
HDFC inaugurates its first branch in Singapore to expand financial services
HDFC Bank Limited inaugurated its first branch in Singapore to provide banking services in Singapore. HDFC Bank has received the wholesale banking license from the Monetary Authority of Singapore (MAS) with effect from 15th October 2024.
- The branch was inaugurated by Rakesh Singh, Group Head of International Banking, Investment Banking, Private Banking, Digital Ecosystems and Banking as a Service (BaaS), HDFC Bank in the presence of Gaurav Khandelwal, Chief Executive Officer (CEO) of HDFC Bank, Singapore.
- The HDFC bank will now offer a wide range of financial products and services to residents of Singapore.
- Now, HDFC’s international operations includes five branches, one each in Hong Kong, Bahrain, the United Arab Emirates(UAE), Singapore and an IFSC Banking Unit (IBU) in Gujarat International Finance Tec City(GIFT City), India.
APPOINTMENTS & RESIGNATIONS
Duma Boko of UDC declared as 6th President of Botswana
On November 1, 2024, the 54-year-old Duma Gideon Boko of Umbrella for Democratic Change (UDC) coalition was declared as the 6th President of Botswana by getting 25 out of 61 parliamentary seats.
- He defeated Incumbent President Mokgweetsi Masis of Botswana Democratic Party (BDP) who secured only one seat. BDP had been in power since the country’s independence in 1966.
About Duma Boko:
i.Born on December 31, 1969, Duma Boko, a human rights lawyer began his career as the law professor at University of Botswana (UB) in1993.
ii.He became the leader of the Botswana National Front (BNF) in 2010 and was instrumental in forming the UDC in 2012. He has run for President in previous elections in 2014 and 2019.
- He has served as the President of both the BNF and the UDC.
iii.He has authored several publications addressing constitutional issues and human rights in Botswana. Notable works include:
- Towards a Compensatory Approach to Redressing Constitutional Violations in Botswana (1998)
- Integrating the Basarwa under Botswana’s Remote Area Development Programme: Empowerment or Marginalisation? (2002)
- Fair Trial and the Customary Courts in Botswana: Questions on Legal Representation (2000).
About Botswana:
Botswana is the world’s second biggest natural diamond producer behind Russia.
President– Duma Boko
Capital– Gaborone
Currency– Botswanan Pula
PFRDA Appointed Chitra Jayasimha as Chairperson of NPS Trust Board
The Pension Fund Regulatory and Development Authority (PFRDA) has appointed Chitra Jayasimha, who has been serving as Trustee of National Pension System (NPS) Trust Board since 2020, as the chairperson of the Board of NPS Trust with effect from 17th October, 2024.
- She succeeded Venkata Rao Yadagini, who was appointed to the position of NPS Trust chairman on 12th December, 2023.
About Chitra Jayasimha:
i.She is a qualified actuary, a fellow member of Navi Mumbai (Maharashtra)-based Institute of Actuaries of India (IAI), Institute and Faculty of Actuaries (IFoA), the United Kingdom (UK) and Insurance Institute of India.
ii.She has an extensive experience of more than 17 years working in various functions at senior levels in Life Insurance Corporation of India (LIC).
iii.She had also served as the chairperson of the Advisory Group on Pension, Employee Benefits, and Social Security Schemes of the Institute of Actuaries of India for a period of over 9 years.
iv.She is founder, director and consulting Actuary of Universal Actuaries and Benefit Consultants. She was also appointed as Actuary at Sanima Reliance Life (Nepal) and General Insurance Corporation of India (GIC) Reinsurance Company Limited (Bhutan), among others.
v.In August 2017, she had brought out a detailed research report on NPS Superannuation and has written various white papers on NPS and other retirement benefits.
ACQUISITIONS & MERGERS
Adani’s Ambuja Cement Limited to Acquire 46.8% Stake in Orient Cement for Rs 8,100 Crore
On 22nd October 2024, Ambuja Cements Limited (ACL), leading cement company in India and part of the Adani Group announced the signing of a binding agreement to acquire a 46.8% stakes of Orient Cement Limited (OCL), owned by C.K. Birla Group, for an equity value of Rs 8,100 crore. The acquisition will be completely funded through internal accruals.
- This marks Ambuja Cement’s 4th acquisition since its promoter change and the 3rd acquisition of the ongoing Financial Year 2024-25 (FY25).
Key Points:
i.ACL will make an open offer at Rs 395.40 per share to the public shareholders of OCL in accordance with the provisions of the Substantial Acquisition of Shares and Takeovers (SAST) regulations.
ii.The acquisition will be carried out in 2 phases i.e. In 1st phase, ACL will acquire 37.9% from OCL’s promoters and an additional 8.9% stakes from certain public shareholders.
- ACL also plans to launch an open offer for 26% of OCL’s expanded share capital at the same price per share.
Significance:
i.Following the acquisition of OCL, ACL is set to reach 100 Million Tonnes Per Annum (MTPA) cement capacity in FY25 and will bring it closer to its long-term target of reaching 140 MTPA by 2028.
- This acquisition will further help Adani’s cement to expand its presence in core markets and improve its pan-India market share y 2%.
ii.The deal will increase the cement capacity of ACL to 16.6 MTPA, including 8.5 MTPA currently operational, and 8.1 MTPA under development.
Note: Currently, OCL has 5.6 MTPA clinker capacity and 8.5 MTPA cement capacity, and has received statutory clearance to raise the clinker capacity by another 6.0 MTPA and cement capacity by another 8.1 MTPA.
Adani’s Group Cement Acquisition:
i.In May 2022, Adani Group acquired Ambuja Cements and ACC Limited from Switzerland-based Holcim for USD 10.5 billion.
ii.In August 2023, Ambuja Cements bought Sanghi Industries in Gujarat, with production capacity of 6.1 MTPA for Rs 5,000 crore.
iii.In June 2024, Ambuja Cements acquired Hyderabad (Telangana)-based Penna Cement, India’s 2nd largest cement manufacturing company at an enterprise value of Rs 10,422 crore.
About Ambuja Cements Limited (ACL):
Non-Executive Chairman- Gautam Adani
Headquarters- Mumbai, Maharashtra
Established- 1983
About Orient Cement Limited (OCL):
Managing Director (MD) and Chief Executive Officer (CEO)- Deepak Khetrapal
Headquarters- Hyderabad, Telangana
Established- 1979
KMBL to Acquire Standard Chartered India’s Rs 4,100 Crore Personal Loan Book
On 18th October 2024, Mumbai (Maharashtra)-based Kotak Mahindra Bank Limited (KMBL), a leading Indian private sector bank announced that it has entered into an agreement to acquire Standard Chartered Bank India’s personal loan book.
- As of 30th September 2024, the proposed transaction includes loans of around Rs 4,100 crore (nearly USD 490 million) and it consists of loans classified as “Standard Loans” as per the Reserve Bank of India (RBI) guidelines.
i.The transaction will be completed over the next 3 months, subject to regulatory and other approvals and the satisfaction or waiver of customary closing conditions.
ii.KMBL will buy the loan book, with the outstanding amount finalized closer to the completion date.
SPORTS
Deepika Kumari Wins Silver Medal in Archery World Cup Final 2024
Deepika Kumari, Indian Female archer has secured a silver medal in the women’s recurve event at the Tlaxcala 2024 Hyundai Archery World Cup Final held in Tlaxcala, Mexico on October 19-20, 2024. This achievement marks her 6th medal at the World Cup Finals. This was her 9th appearance in the finals.
- The gold medal was clinched by China’s Li Jiaman
- 18th Edition of Archery World Cup hosted by World Archery
Key Points:
i.Deepika Kumari defeated Yang Xiaolei of China 6-0 in the quarter-finals and Mexico’s Alejandra Valencia 6-4 in the semi-finals.
ii.Her previous accolades include four silver (in 2011, 2012, 2013 & 2015) and one bronze medal (2018) at World Cup Finals.
- It should be noted that Dola Banerjee is only Indian to have won a gold in the World Cup Final in Dubai, United Arab Emirates (UAE) in 2007.
iii.The Indian team, consisting of five archers (three in compound and two in recurve), ended the tournament with only one silver medal.
About World Archery:
Headquarters – Lausanne, Switzerland
President – Dr. Ugur Erdener (Türkiye)
IMPORTANT DAYS
International Day of Care and Support 2024 – October 29
The United Nations (UN)’s International Day of Care and Support (IDCS) was annually observed across the globe on 29 October to raise awareness about the importance of caregiving and support for individuals who need assistance due to illness, disability, or other challenges.
- 29 October 2024 marks the 2nd observance of the IDCS.
- The theme of IDCS 2024 is “Transforming care systems to achieve the Sustainable Development Goals(SDG) in the context of Beijing+30”
Background:
i.On 24 July 2023, the United Nations General Assembly (UNGA) adopted a resolution A/RES/77/317 and decided to proclaim the 29 October of every year as the International Day of Care and Support(ICDS).
ii.The First IDCS was observed on 29 October 2023.
About United Nations(UN):
Secretary General – António Guterres
Headquarters – New York, the United States of America(USA)
Establishment – 1945
>> Read Full News
World Stroke Day 2024 – October 29
World Stroke Day(WSD) is annually observed across the globe on 29 October to raise awareness of the serious nature and high rates of stroke, and the effective treatment options available to drive action on stroke prevention.
- The theme for WSD 2024, designated by the World Stroke Organisation (WSO), is “#GreaterThan Stroke active challenge”.
Background:
i.The World Stroke Congress in Vancouver, Canada, in 2004 established World Stroke Day, which falls on October 29.
ii.The first World Stroke Day was observed on 29th October 2006.
About World Stroke Organisation (WSO):
President– Jeyaraj Pandian (India)
President-Elect– Craig Anderson(Australia)
Headquarters– Geneva, Switzerland
>> Read Full News
World Cities Day 2024 – October 31
United Nations (UN)’s World Cities Day (WCD) is annually observed across the globe on October 31 to promote the international community’s interest in global urbanization, push forward cooperation among countries in addressing challenges of urbanization, and contribute to sustainable urban development worldwide.
- 31st October 2024 marks the 11th World Cities Day.
- The theme of WCD 2024 is “Youth leading climate and local action for cities”
Background:
i.The United Nations General Assembly (UNGA) adopted a resolution A/RES/68/239 on 27th December 2013 and proclaimed October 31 of every year as World Cities Day.
ii.The 1st WCD was observed on 31st October 2014, in Shanghai, the People’s Republic of China.
>> Read Full News
World Savings Day 2024 – October 31
World Savings Day (WSD), also known as World Thrift Day, is annually observed across the globe on 31st October to raise awareness regarding the importance of saving and the financial security of individuals.
Observance in India:
In India, the observance was moved to 30th October following the tragic assassination of then-Prime Minister Indira Gandhi, whose death anniversary falls on 31st October 1984.
- The National Savings Institute (NSI) of India, responsible for overseeing these savings schemes, actively promotes financial literacy.
Background:
i.World Thrift Day was established on 31 October 1924 by the World Savings and Retail Banking Institute (WSBI) founding fathers.
- 31 October marked the birth of the International Savings Banking Institute (now WSBI).
ii.The first WSD was observed on 31 October 1924.
Note – WSBI celebrated its 100th anniversary in Rome, Italy during the 27th WSBI World Congress on 30-31 October, 2024.
About the World Savings and Retail Banking Institute (WSBI):
President – Isidro Fainé
Managing Director – Peter Simon
Headquarters – Brussels, Belgium
Establishment – 1924
>> Read Full News
World Vegan Day 2024 – November 01
World Vegan Day is annually observed across the globe on November 1 to spread awareness among people about the benefits of a vegan diet on health and well-being.
Background:
i.In 1994, World Vegan Day was established by Louise Wallis, a vegan and animal rights activist and the then-chair of The Vegan Society in the United Kingdom (UK).
ii.World Vegan Day celebration originated as a commemoration of the 50th anniversary of the Vegan Society, held on 1 November 1994.
iii.The 1st World Vegan Day was observed on 1 November 1994.
>> Read Full News
International Day to End Impunity for Crimes against Journalists – November 02 2024
The United Nations (UN)’s International Day to End Impunity for Crimes against Journalists(IDEI) is annually observed across the globe on 2nd November to create awareness about the dangers of impunity for crimes against journalists.
- The day also pays tribute to the journalists who lost their lives in the line of duty.
- This also provides a platform to highlight the role of journalism and media in preventing violence and discrimination.
Background:
i.On 18th December 2013, the United Nations General Assembly (UNGA) adopted the resolution A/RES/68/163 and proclaimed the 2nd November of every year as the International Day to End Impunity for Crimes against Journalists(IDEI).
ii.The first-ever IDEI was observed on 2nd November 2014.
>> Read Full News
Vigilance Awareness Week 2024 – October 28 to November 3 
Vigilance Awareness Week is annually observed across India during the week which marks the birth anniversary of Sardar Vallabhbhai Patel (31st October).
- The annual observance of the week is led by the Central Vigilance Commission (CVC).
- CVC decided to observe the Vigilance Awareness Week 2024 from 28th October to 3rd November 2024.
- The theme of Vigilance Awareness Week 2024 is “Culture of Integrity for Nation’s Prosperity”.
About Central Vigilance Commission(CVC):
The Central Vigilance Commission (CVC) is an apex governmental body in India that is responsible for promoting integrity, transparency, and accountability in the country’s public administration.
Central Vigilance Commissioner– Praveen Kumar Srivastava
Established– 1964
Headquarters– New Delhi, Delhi
>> Read Full News
*******
Current Affairs Today (AffairsCloud Today)