Daily Current Affairs 26th Nov, 2024: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 26th Nov, 2024. It includes all Major National, International, Business and Sports related current affairs of 26th Nov, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 26th Nov, 2024 Current affairs test.
Banking News
Canara HSBC Life Introduces OmniGen AI for Efficient Underwriting
- Canara HSBC Life Insurance has unveiled OmniGen AI, a cutting-edge generative AI solution designed to revolutionize underwriting processes.
- Hosted on Amazon Web Services (AWS), this technology improves risk assessment by utilizing advanced data analytics, enabling faster and more accurate decisions.
- This innovation is expected to streamline operations, enhance consistency, and expedite policy issuance, underscoring the company’s commitment to customer-centric solutions.
National News
National Mission on Natural Farming: Driving Sustainable Agriculture
- The Government of India has introduced the National Mission on Natural Farming (NMNF), allocating ₹2,481 crore to advance sustainable agricultural practices nationwide.
- Approved by the Union Cabinet on November 25, 2024, this mission targets 1 crore farmers and aims to cover approximately 750,000 hectares within two years.
- It consolidates earlier initiatives, such as the Bhartiya Prakratik Krishi Paddhati and Gobardhan Mission, focusing on Zero Budget Natural Farming (ZBNF) and regionally adapted farming methods.
Delhi Government Expands Old-Age Pension Scheme
- The Delhi government has broadened its old-age pension program to include an additional 80,000 senior citizens, bringing the total number of beneficiaries to 5.3 lakh.
- Chief Minister Arvind Kejriwal also announced the launch of an online portal to streamline the application and distribution process, ensuring greater accessibility for senior citizens.
Cabinet Sanctions PAN 2.0 for Enhanced Taxpayer Services
- The Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, has approved the PAN 2.0 Project, which represents a significant upgrade to the existing PAN/TAN system.
- With an investment of ₹1,435 crore, the project aims to improve the registration and service delivery processes for taxpayers.
- This initiative aligns with the Digital India mission by creating a unified digital identifier for citizens across various government platforms.
ICAI and CBSE Partner to Enhance BFSI Sector Skills
- The Institute of Chartered Accountants of India (ICAI) has signed an MoU with the Central Board of Secondary Education (CBSE) to promote skill-based courses in the Banking, Financial Services, and Insurance (BFSI) sector.
- This collaboration focuses on bridging the gap between academic education and industry requirements, equipping students with practical knowledge and enhancing their employability in the fields of accountancy and finance.
Boosting International Tourist Footfall
- The Ministry of Tourism continues its efforts to enhance India’s appeal as a global tourist destination.
- Various promotional strategies have been implemented to attract international travelers, with a particular focus on states like Himachal Pradesh.
- These initiatives aim to highlight India’s diverse cultural and natural attractions on international platforms.
Shivraj Singh Chouhan Launches ‘Nayi Chetna’ Campaign Against Gender Violence
- Union Minister Shivraj Singh Chouhan inaugurated the third edition of the “Nayi Chetna – Pahal Badlaav Ki” campaign in New Delhi on November 25, 2024.
- This month-long initiative addresses gender-based violence through awareness campaigns, community participation, and support systems for survivors.
Business News
India-EFTA Trade Deal: Transforming Trade and Investment
- India has signed a landmark Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) members—Switzerland, Iceland, Norway, and Liechtenstein.
- This agreement will provide India access to 99.6% of the EFTA market, generate $100 billion in FDI, and create 1 million jobs over 15 years.
- This partnership aligns with initiatives like “Make in India” and “Atmanirbhar Bharat,” bolstering India’s position in the global market.
CII Launches Strategy Cell for Sustainable Growth
- The Confederation of Indian Industry (CII) has established a strategy cell in Coimbatore to support businesses, particularly in manufacturing, with sustainable growth strategies.
- This initiative will provide expert guidance and mentorship, focusing on small and medium-sized enterprises (SMEs) to help them scale and compete globally.
Economy News
S&P Global Revises India’s Economic Projections
- S&P Global Ratings has maintained its forecast for India’s GDP growth at 6.8% for FY25 but has slightly lowered the FY26 estimate to 6.7% from 6.9%.
- The organization has also adjusted its inflation projection for FY25 to 4.6%, citing persistent food price inflation and weather-induced agricultural disruptions such as erratic rainfall and heatwaves.
- The Reserve Bank of India (RBI) is anticipated to reduce policy rates only once this fiscal year, with the repo rate holding steady at 6.5% since February 2023.
Appointments News
G. Balasubramanian Appointed High Commissioner to Maldives
- G. Balasubramanian, an Indian Foreign Service (IFS) officer from the 1998 batch, has been appointed as India’s High Commissioner to the Maldives.
- Known for his extensive diplomatic experience, this appointment highlights India’s strategic emphasis on maintaining strong relations with the Maldives in the Indian Ocean Region.
Dinesh Bhatia Named Ambassador to Brazil
- Veteran IFS officer Dinesh Bhatia, from the 1992 batch, has been designated as India’s next Ambassador to Brazil.
- With a distinguished career spanning multiple countries and roles, his appointment signifies India’s focus on strengthening bilateral ties with Brazil.
Schemes News
‘One Nation One Subscription’ Scheme Gets Approval
- The Union Cabinet has approved the One Nation One Subscription (ONOS) initiative, allocating ₹6,000 crore for the 2025–2027 period.
- The scheme will grant access to scholarly articles and journals to 1.8 crore students, faculty, and researchers across 6,300 government institutions.
- Managed digitally via the INFLIBNET platform under UGC, this program aligns with the National Education Policy (NEP) 2020 and the ViksitBharat@2047 vision to enhance India’s research ecosystem.
Launch of The TeacherApp for Educators
- Union Education Minister Dharmendra Pradhan introduced The TeacherApp, a digital platform developed by Bharti Airtel Foundation.
- This app is designed to help educators acquire skills to meet the challenges of modern classrooms.
Summits & Conferences
Global Cooperative Conference Inaugurated
- Prime Minister Narendra Modi inaugurated the Global Cooperative Conference 2024 at Bharat Mandapam in New Delhi, marking the start of the United Nations’ International Year of Cooperatives 2025.
- The event featured dignitaries like Union Home Minister Amit Shah and international leaders, emphasizing cooperatives’ role in empowering rural populations and fostering global development.
Important Days
75th Constitution Day of India
- India celebrates Constitution Day annually on November 26 to commemorate the adoption of the Constitution in 1949.
- The 2024 celebrations mark the 75th anniversary of this historic milestone, honoring the democratic principles of justice, liberty, equality, and fraternity that form the foundation of the nation.
National Milk Day: A Tribute to Dr. Verghese Kurien
- Observed every year on November 26, National Milk Day honors Dr. Verghese Kurien, the architect of India’s White Revolution.
- His visionary initiatives transformed India into the world’s largest milk producer.
- This day celebrates milk as both a nutritional staple and a vital economic driver for rural development.
Ranks & Reports
India Rises in THE Interdisciplinary Science Rankings 2025
- India has demonstrated remarkable progress in the Times Higher Education (THE) Interdisciplinary Science Rankings for 2025.
- These rankings recognize universities excelling in collaborative research across disciplines to address global challenges such as climate change, health crises, and technological advancements.
Sports News
Emma McKeon Announces Retirement
- Emma McKeon, Australia’s most decorated Olympian, retired on November 25, 2024, at the age of 30.
- With 14 Olympic medals, including six golds, her illustrious career includes a historic seven-medal haul at Tokyo 2020, cementing her legacy as one of the greatest athletes in swimming history.
