Daily Current Affairs 14th Nov, 2024: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 14th Nov, 2024. It includes all Major National, International, Business and Sports related current affairs of 14th 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 14th Nov, 2024 Current affairs test.
International News
Tokyo-Based Scarecrow Incorporated Patents Cardiac Disorder Treatment for Dogs
- Scarecrow Incorporated, headquartered in Shibuya Ward, Tokyo, has been awarded the world’s first patent for its animal supplement, Pinfenon (S) (R), designed to treat and prevent cardiac disorders in dogs by lowering atrial natriuretic peptide (ANP) levels.
- The patent also extends to the methods used in manufacturing this treatment and prophylactic drug.
Dominica to Bestow Highest National Honour on PM Modi
- The Commonwealth of Dominica has declared that it will present its highest national honor, the Dominica Award of Honour, to Prime Minister Narendra Modi in recognition of his contributions to the nation, especially during the COVID-19 crisis.
- The award will be conferred by Dominica’s President Sylvanie Burton at the India-CARICOM Summit in Georgetown, Guyana, next week, making it a prominent event of the summit.
Trump Selects Elise Stefanik as U.S. Ambassador to the U.N.
- President-elect Donald Trump has nominated Republican Representative Elise Stefanik as the U.S. Ambassador to the United Nations, marking the first Cabinet selection for his second term.
- Known for her firm support of Israel and close alliance with Trump, Stefanik has been an influential voice in Congress on foreign policy and security issues, bolstering her profile in both domestic and global politics.
State News
Amaravati Capital Project Secures ₹13,500 Crore Loan from World Bank and ADB
- The capital city project of Amaravati, Andhra Pradesh, has received a significant boost with a ₹13,500 crore loan from the World Bank and Asian Development Bank (ADB).
- This funding is intended to support the city’s sustainable and inclusive development, enhancing infrastructure and governance.
- The loan was granted following discussions between the Andhra Pradesh Capital Region Development Authority (APCRDA), the World Bank, ADB, and India’s Union Finance Ministry.
National News
Website Launched for 18th Pravasi Bharatiya Divas in Bhubaneswar
- The Ministry of External Affairs (MEA) has announced that the 18th Pravasi Bharatiya Divas (PBD) Convention will take place from January 8 to January 10, 2025, in Bhubaneswar, Odisha, in partnership with the state government.
- Prime Minister Narendra Modi will inaugurate the event.
Supreme Court’s Landmark Guidelines to Curb Unlawful Property Demolitions
- On November 13, the Supreme Court of India introduced guidelines aimed at curbing the government’s demolition of homes and private properties based solely on criminal accusations.
- The Court emphasized that such demolitions violate the rights of the accused, including the presumption of innocence, and can unjustly impact other residents, while also infringing on the constitutional right to shelter under Article 21.
India International Trade Fair 2024 Returns to Pragati Maidan
- The 43rd India International Trade Fair (IITF) is being held at Pragati Maidan, Delhi, from November 14 to November 27, emphasizing India’s initiative to support “Vocal for Local, Local to Global.”
- The fair features a variety of products from both Indian and international exhibitors and expects to attract more than 1 lakh visitors daily.
- Over 3,500 exhibitors from India and 11 other countries are participating, spotlighting India’s efforts to boost local industries and broaden trade ties globally.
Government Approves 12 Projects Under National Technical Textiles Mission
- On November 12, the government sanctioned 12 research projects with a combined investment of ₹13.3 crore under the National Technical Textiles Mission.
- The approval was granted by the 10th Mission Steering Group, led by Union Textiles Minister Giriraj Singh.
Defence News
South Western Command Launches New Think Tank ‘Gyan Shakti’ in Jaipur
- The Indian Army’s South Western Command in Jaipur has established a think tank named Gyan Shakti, which seeks to enhance Rajasthan’s defence industrial base.
- The initiative aims to foster collaboration among the armed forces, industry, state government, and academia, focusing on regional and national defense and security issues.
Indian Navy to Hold Largest Coastal Defence Exercise ‘Sea Vigil-24’
- The Indian Navy is set to conduct the fourth and largest iteration of its nationwide coastal defense exercise, Sea Vigil-24, from November 20 to 21.
- This year’s exercise will cover India’s entire coastline and involve six government ministries and 21 organizations, reflecting an unprecedented level of interagency cooperation.
President Droupadi Murmu Inaugurates Swami Vivekananda Vidya Mandir in Silvassa
- President Droupadi Murmu inaugurated the Swami Vivekananda Vidya Mandir school at Zanda Chowk, Silvassa, on November 13.
- During her visit, she engaged in playful and educational interactions with the students, joining them in games and reciting poems.
Chief of Defence Staff Hosts 35th Tri-Services Commanders’ Conference in Kochi
- On November 13, Chief of Defence Staff General Anil Chauhan presided over the 35th Tri-Services Commanders’ Conference at the Southern Naval Command in Kochi.
- The annual meeting brought together senior leaders from the Indian Army, Navy, Air Force, and other formations to discuss advancements in joint training and assess the region’s geostrategic landscape.
Banking News
RBI Introduces Framework to Convert FPI Holdings to FDI
- The Reserve Bank of India (RBI) has rolled out a new framework allowing Foreign Portfolio Investors (FPIs) to reclassify their investments as Foreign Direct Investment (FDI) if their shareholdings exceed 10% in Indian firms.
- This streamlined process will help FPIs align with FDI norms, subject to necessary government and company clearances.
- The rules, effective from November 11, 2024, provide FPIs a five-day window to reclassify excess shares to comply with Foreign Exchange Management Act (FEMA) and sector-specific FDI limits.
RBI Reaffirms SBI, HDFC Bank, and ICICI Bank as D-SIBs
- The RBI has reaffirmed State Bank of India (SBI), HDFC Bank, and ICICI Bank’s status as Domestic Systemically Important Banks (D-SIBs), adding that SBI and HDFC Bank will face increased capital requirements from April 2025.
- The D-SIB framework, initially introduced by the RBI in 2014 and updated in 2023, classifies these banks as “too big to fail,” warranting additional capital buffers to maintain financial stability.
Appointments News
Amandeep Johl Appointed CEO of Professional Golf Tour of India
- The Professional Golf Tour of India (PGTI) has announced Amandeep Johl as its next Chief Executive Officer (CEO), effective January 2025.
- Johl, a highly regarded figure in Indian golf, brings extensive experience and insight to his new role.
Australia Appoints First Anti-Slavery Commissioner
- Australia has appointed Chris Evans as its inaugural Anti-Slavery Commissioner for a five-year term beginning December 2024.
- This role was established to combat modern slavery, including human trafficking, forced labor, and deceptive recruitment practices.
- The Albanese Government’s initiative aims to bolster victim support, heighten awareness, and enhance business accountability in supply chains.
Important Days
Children’s Day 2024: Celebrating India’s Young Future
- India observes Children’s Day, or Bal Diwas, every year on November 14, commemorating the birth anniversary of the nation’s first Prime Minister, Pandit Jawaharlal Nehru, known as “Chacha Nehru” for his affection for children.
- This day underscores Nehru’s belief in nurturing youth as the foundation of the nation’s future.
All India Cooperative Week 2024: Strengthening Cooperation and Rural Development
- The 71st All India Cooperative Week is being celebrated from November 14 to November 20, focusing on the theme “Role of Cooperatives in Building Viksit Bharat.”
- This annual event underscores the contributions of cooperative societies to India’s social and economic development, especially in rural areas.
- The National Cooperative Union of India (NCUI), which leads India’s cooperative movement, organizes the week to highlight the impact of cooperatives on nation-building.
