Daily Current Affairs 15th Nov, 2024

Daily Current Affairs 15th Nov, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 15th Nov, 2024. It includes all Major National, International, Business and Sports related current affairs of 15th 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 15th Nov, 2024 Current affairs test.

International News

China Unveils Megaport in Peru, but Locals Feel Left Behind

• China has unveiled a $1.3 billion megaport in Chancay, Peru, which is majority-owned by the Chinese shipping giant Cosco.
• The project aims to connect South America to Asia and boost regional trade.
• However, residents of this coastal desert village, many of whom lack basic services, express dissatisfaction.
• They claim the port is harming their livelihoods and provides no tangible benefits to the local community.
• While the Peruvian government anticipates significant economic growth from the port, the locals, particularly fishermen, view it as a threat to their resources and environment.

Tropical Storm Sara Hits Honduras, Threatens Floods in Central America and Mexico

• Tropical Storm Sara made landfall in northern Honduras late Thursday, bringing heavy rainfall and posing a risk of life-threatening flooding in parts of Central America and southern Mexico.
• The storm struck near Brus Laguna, Honduras, and is projected to continue moving westward, affecting Belize and Mexico’s Yucatan Peninsula.
• Weather forecasts predict up to 30 inches of rain in certain areas, accompanied by winds of 45 mph (75 km/h) and a slow movement speed of 10 mph (17 km/h).

Defence News

Successful Flight Trials for DRDO’s Pinaka Weapon System

• The Defence Research and Development Organisation (DRDO) has successfully completed a series of flight tests for the Guided Pinaka Weapon System.
• These tests were part of the Provisional Staff Qualitative Requirements (PSQR) Validation Trials.
• This crucial milestone involved three phases of testing across various field firing ranges, showcasing the system’s operational effectiveness, precision, and advanced capabilities.

National News

Clean Ganga Mission Introduces Dolphin Ambulance

• The National Mission for Clean Ganga (NMCG) is leading several significant initiatives under the Clean Ganga Mission, with a strong focus on preserving the Ganga River’s biodiversity, especially endangered species like the Ganga Dolphin.
• These efforts are part of a broader vision to restore the river’s ecological balance and protect the diverse plant and animal life that depend on it.
• A key component of this mission is the launch of a specialized Dolphin Ambulance service, aimed at rescuing injured Ganga Dolphins—a species that plays a vital role in the river’s ecosystem.

First Bodoland Mohotsov to Be Inaugurated by PM in Delhi

• Prime Minister Narendra Modi is set to inaugurate the first-ever Bodoland Mohotsov on November 15th at 6:30 PM at the SAI Indira Gandhi Sports Complex in New Delhi.
• This two-day festival, taking place on November 15th and 16th, will celebrate the rich culture and heritage of the Bodoland region.
• The Prime Minister will also address the attendees during the inauguration ceremony.

Sabarimala Pilgrimage Gets Dedicated Weather Service from IMD

• For the first time, the India Meteorological Department (IMD) has introduced a localized weather forecasting system specifically for the Sabarimala pilgrimage, similar to the services provided for the Amarnath and Char Dham yatras.
• The IMD announced the installation of three rain gauges at crucial locations: Sannidhanam, Pamba, and Nilakkal, to provide accurate weather updates to pilgrims.

PM Modi to Unveil Projects on Birsa Munda’s Birth Anniversary in Bihar

• Prime Minister Narendra Modi will visit Bihar on Friday to participate in an event commemorating the 150th birth anniversary of Birsa Munda, a revered freedom fighter and tribal leader known as “Bhagwan” by the indigenous communities of the Chhota Nagpur plateau.
• The Prime Minister will travel to a remote village in Jamui district, approximately 200 km from Patna, to celebrate “Janjatiya Gaurav Divas” and unveil various developmental projects.

Delhi’s New Mayor AAP’s Mahesh Kumar Khichi

• Mahesh Kumar Khichi, the candidate from the Aam Aadmi Party (AAP), has won the Delhi mayoral election.
• Khichi secured 133 votes, defeating the Bharatiya Janata Party’s (BJP) Kishan Lal, the councilor from Shakurpur ward, by a narrow margin of three votes.
• This victory concludes the long-delayed election process for the Delhi mayor’s office.

Economy News

Deposit Growth Matches Credit Amid Lending Slowdown

• In the fortnight ending November 1, 2024, deposit growth in India nearly matched credit growth, with credit increasing by 11.9% and deposits growing by 11.83% year-on-year, according to data from the Reserve Bank of India (RBI).
• This alignment follows a period since March 2022 where credit growth consistently outpaced deposit growth, with the gap widening to as much as 700 basis points.
• The recent shift reflects the impact of the RBI’s regulatory measures and a moderation in credit growth, especially in sectors such as unsecured loans and non-banking financial companies (NBFCs).

India’s Exports Soar 17% in October, Trade Deficit Hits $27 Billion

• India’s merchandise exports experienced a significant 17.3% growth in October, the fastest pace in 28 months, reaching $39.2 billion.
• This surge was driven by pre-Christmas inventory buildup in Western countries, increasing demand for products like engineering goods, electronics, chemicals, and garments.
• However, imports also reached an all-time high, increasing by 3.9% to $66.34 billion. This resulted in a trade deficit of $27.1 billion, up from $20.8 billion in September.

WPI Inflation Soars to 4-Month High of 2.36% in October Amid Surge in Food Prices

• India’s Wholesale Price Index (WPI)-based inflation climbed to a four-month high of 2.36% in October, up from 1.84% in September.
• This increase was primarily due to a sharp rise in food prices, especially vegetables.
• The trend aligns with the recent Consumer Price Index (CPI) data, which also reported a 14-month high in retail inflation at 6.2%, driven by similar spikes in food costs.
• This marks a notable change from the lower inflation rates observed earlier in the year.

India’s Outward FDI Hits $3.7 Billion in October 2024

• India’s outward foreign direct investment (FDI) saw a significant increase in October 2024, with total commitments reaching $3.7 billion, compared to $2.55 billion in October 2023, as reported by the Reserve Bank of India (RBI).
• However, there was a slight sequential decline from $3.77 billion in September 2024.
• The outbound FDI comprises equity investments, loans, and guarantees, each showing varied trends in their respective components.

Sports News

‘Know Your Medicine’ App Launched to Promote Clean Sports

• Union Minister for Youth Affairs and Sports, Dr. Mansukh Mandaviya, has issued a nationwide call to action to strengthen the fight against doping in sports.
• He urged athletes, coaches, and the entire sporting community to utilize the National Anti-Doping Agency (NADA) India’s ‘Know Your Medicine (KYM)’ app.
• This initiative aims to promote clean sports by providing accessible information on medications and substances that are prohibited in competitive sports.

Banking News

SBI Seeks $1.25 Billion in 2024’s Largest Dollar-Denominated Loan

• The State Bank of India (SBI) is seeking to secure a $1.25 billion five-year loan, which would be the largest dollar-denominated loan from India’s financial sector in 2024.
• The loan is being arranged by CTBC Bank, HSBC, and Taipei Fubon Bank and will be utilized for general corporate purposes.
• SBI’s move reflects a growing trend of Indian financial institutions, especially non-banking finance companies (NBFCs), increasing their foreign currency borrowing due to stricter domestic regulations.
• Despite the rising demand for foreign loans, India’s total dollar-denominated loan volume has decreased by 27% this year.

Business News

$8.5 Billion Disney-Reliance Merger Completed for Indian Assets

• Reliance Industries and Walt Disney have completed an $8.5 billion merger of their Indian media assets, finalized on November 14th.
• The merged assets have been reorganized into three distinct divisions, each headed by its own CEO.
• This merger marks a significant development for both companies in the Indian media landscape.

Important Days 

Birsa Munda Jayanti 2024: Know Everything About It

• Birsa Munda Jayanti, also known as Janjatiya Gaurav Divas or Tribal Pride Day, is celebrated annually on November 15th.
• This day commemorates the birth anniversary of Birsa Munda, a courageous tribal leader and freedom fighter.
• He is honored for leading the Ulgulan movement against British colonial rule and advocating for the rights of tribal people in India.

Jharkhand Foundation Day 2024: When and Why It Is Celebrated

• Jharkhand Foundation Day is observed on November 15th each year.
• This day marks the establishment of Jharkhand as the 28th state of India in the year 2000, following its separation from South Bihar.
• The date is particularly significant as it coincides with the birth anniversary of Birsa Munda, a revered tribal leader and freedom fighter.

Guru Nanak Jayanti 2024: Know Date, Time, History, and Significance

• Guru Nanak Jayanti, also known as Gurpurab or Guru Nanak Prakash Utsav, is a major festival for Sikhs worldwide.
• It celebrates the birth of Guru Nanak Dev Ji, the first Sikh Guru, who preached messages of unity, equality, and selfless service.
• In 2024, this auspicious day will be celebrated with great devotion on November 15th, marking the 555th birth anniversary of Guru Nanak Dev Ji.