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Daily Current Affairs 14th November 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 14th November 2023. It includes all Major National, International, Business and Sports related current affairs of 14th November 2023. 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 November 2023 Current affairs test.


National News

1. PM Modi’s Upcoming Launches on Janjatiya Gaurav Diwas

  • Prime Minister Narendra Modi is set to inaugurate the PMPVTG Development Mission, aimed at the holistic development of around 28 lakh individuals from Particularly Vulnerable Tribal Groups (PVTGs).
  • This launch coincides with the birth anniversary of the esteemed tribal leader, Birsa Munda, celebrated as Janjatiya Gaurav Diwas for the last three years.
  • PM Modi also plans to initiate the “Viksit Bharat Sankalp Yatra” from Khunti, targeting complete coverage of major government schemes nationwide.

State News
2. Geographical Indication Tags for Uttarakhand’s Specialties

  • Over 15 unique products from Uttarakhand, including Mandua (a staple finger millet in Garhwal and Kumaon) and Jhangora (another local millet), have recently received Geographical Indications (GI) tags from the GI Registry.

Economy News
3. India’s Economic Growth Predictions by Morgan Stanley

  • Morgan Stanley Research, in its “2024 India Economics Outlook,” forecasts a steady growth rate of around 6.5% for India’s economy in FY2024 and FY2025.
  • The report emphasizes the crucial role of domestic demand in maintaining India’s economic momentum.
  • Moody’s Investor Service projects India’s growth at 6.7% for 2023, highlighting the nation’s economic resilience.

Business News
4. Jio and OneWeb Receive ISP Licenses for Satellite Internet

  • The Department of Telecom (DoT) has granted Internet Service Provider (ISP) licenses to Jio Satellite Communications and OneWeb.
  • These licenses will enable them to offer internet services through a mix of satellite and ground-based networks, using VSAT technology for direct consumer connectivity.
  • This initiative aims to bridge the digital divide and expand internet access in remote areas.

Important Days News
5. Observance of World Diabetes Day 2023

  • World Diabetes Day, celebrated on November 14 each year, focuses on diabetes as a significant global health issue. The 2023 theme is “Access to Diabetes Care.”
  • The date also honors Sir Frederick Banting, who co-discovered insulin with Charles Herbert Best in 1922.
  • Initiated in 1991 by the IDF and WHO, World Diabetes Day received UN endorsement in 2006.

6. Children’s Day Celebrations in India 2023

  • India observes Children’s Day on November 14th, the birth anniversary of its first Prime Minister, Pandit Jawaharlal Nehru.
  • The 2023 theme, ‘For every child, every right’, underscores the commitment to protecting children’s rights globally.
  • Children’s Day, initially “Flower Day” since 1948, officially became Children’s Day in 1954, coinciding with Nehru’s birthday.

Schemes News
7. New Financial Incentive for Divyang Individuals

  • The government has launched a one percent interest rate rebate for divyang borrowers under the National Divyangjan Finance and Development Corporation (NDFDC) initiative.
  • This move aims to alleviate financial burdens and promote sound financial practices among persons with disabilities.

8. PM Kisan Bhai Scheme to Support Farmers

  • The Ministry of Agriculture is introducing the PMKisan Bhai (Bhandaran Incentive) scheme to assist small and marginal farmers in storing their produce for optimal market timing.
  • The scheme aims to reduce traders’ control over crop prices, granting farmers greater autonomy in deciding when to sell their produce.

Summits & Conferences News
9. 42nd India International Trade Fair Inauguration in New Delhi

  • The 42nd India International Trade Fair (IITF) 2023 was inaugurated by Anupriya Patel, Union Minister of State for Commerce and Industry, at Pragati Maidan in New Delhi.
  • The event, themed “VasudhaivaKutumbakam,” highlights the role of trade in sustainable growth and features Bihar and Kerala as Partner States.

10. Islamic Arab Summit in Riyadh

  • The Joint Arab-Islamic Extraordinary Summit was held in Riyadh, Saudi Arabia.
  • H.E. Mr. Hissein Brahim Taha, Secretary-General of the OIC, called for an immediate halt to Israeli aggression against Palestinians.
  • The summit emphasized achieving a just and comprehensive peace based on international and Arab resolutions.

Ranks & Reports News
11. SIDBI and Jocata Launch ‘Sumpoorn’ MSME Index

  • The Small Industries Development Bank of India (SIDBI) and Jocata have launched ‘Sumpoorn,’ an MSME Economic Activity Index.
  • This high-frequency indicator uses monthly sales data from over 50,000 MSMEs to offer a more objective measure than traditional macro indices.

Appointments News
12. David Cameron Appointed as UK Foreign Secretary

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  • Rishi Sunak has appointed former Prime Minister David Cameron as the UK Foreign Secretary.
  • Cameron’s previous tenure as Prime Minister from 2010 to 2016 is expected to bolster his performance in the new role.
  • The reshuffle also includes Victoria Atkins as Health Secretary and Steve Barclay as Environment Secretary.

Agreements News
13. India and ADB’s $400 Million Urban Infrastructure Deal

  • India has signed a $400 million policy-based loan agreement with the Asian Development Bank (ADB) to enhance urban infrastructure.
  • The program is aligned with India’s urban sector strategy, focusing on reforms for livable cities and economic growth.

Obituaries News
14. Passing of Bikanervala Founder Lala Kedarnath Aggarwal

  • Lala Kedarnath Aggarwal, founder of Bikanervala, passed away at the age of 86.
  • Beginning with a small sweet shop in Bikaner, Aggarwal’s brand became renowned for its traditional sweets.

International News
15. Pablo Picasso’s Painting Sold for $139 Million

  • Picasso’s “Femme à la montre” (“Woman with a Watch”) was auctioned for a record $139 million at Sotheby’s in New York.
  • This sale makes it the second most expensive Picasso painting ever sold and the most expensive artwork auctioned this year.
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