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Daily Current Affairs 16th November 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 16th November 2023. It includes all Major National, International, Business and Sports related current affairs of 16th 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 16th November 2023 Current affairs test.


National News

1. FATF’s Review in India on Anti-Money Laundering and Counter-Terrorism Financing

  • The Financial Action Task Force (FATF), based in Paris, begins its on-site evaluation in India to scrutinize the nation’s measures against money laundering and terrorist financing.
  • The assessment aims to thoroughly examine India’s existing legal mechanisms in these areas.
  • The results of this review are set to be a topic of discussion in the FATF plenary in June 2024, undergoing multiple stages of discussion and analysis.
  • The conclusions, including the country’s ratings, will be meticulously considered before the final report is made public.

2. India’s Projected Economic Growth, According to FM Nirmala Sitharaman

  • Finance Minister Sitharaman, at the Indo-Pacific Regional Dialogue, shed light on India’s economic growth amidst worldwide challenges.
  • She anticipates India overtaking Japan and Germany by 2027, becoming the world’s third-largest economy, highlighting its economic robustness.
  • Even conservative projections by the IMF support this prediction, with India’s GDP expected to surpass USD 5 trillion by 2027.

Banking News

3. RBI’s Directive to Bajaj Finance Regarding Specific Loan Products

  • The Reserve Bank of India (RBI) has instructed Bajaj Finance to stop issuing loans for its ‘e-COM’ and ‘Insta EMI Card’ products from November 15.
  • This directive is a consequence of the company’s failure to comply with the RBI’s Digital Lending Guidelines.
  • The RBI has mentioned that these restrictions are subject to revision once Bajaj Finance corrects these shortcomings.

4. IndusInd Bank’s Achievement Under RBI’s Account Aggregator Framework

  • IndusInd Bank has become the first to operate as a ‘Financial Information Provider’ under RBI’s new Account Aggregator Framework.
  • This allows customers to easily access a variety of financial services and information, such as account statements and investment planning, in one place.
  • The framework simplifies processes by eliminating the need for physical document submission.

Business News

5. GAIL’s Historic Ship-To-Ship LNG Transfer

  • GAIL, India’s foremost gas company, has successfully conducted the first ship-to-ship transfer of liquefied natural gas (LNG) in the world.
  • During this operation, LNG was transferred from GAIL’s vessel ‘Castillo De Santisteban’ to another vessel, ‘Al Gharrafa’ of QatarGas, mid-journey.
  • This transfer resulted in over USD 1 million in savings for GAIL, benefiting both GAIL and QatarGas.

Important Days News

6. National Press Day 2023 in India

  • India celebrates National Press Day on November 16, marking the formation of the Press Council of India, which oversees media standards.
  • This day is an opportunity to acknowledge the press’s role in democracy and the dedication of journalists to maintain journalistic integrity.
  • The celebration reaffirms India’s commitment to a free and ethical press, essential for democracy.

7. International Day for Tolerance 2023

  • Observed on November 16, this day promotes global tolerance, respect, and understanding among diverse peoples.
  • The theme for 2023, “Tolerance: A Path to Peace and Reconciliation,” underscores tolerance’s importance in creating peaceful, inclusive societies.
  • The UN General Assembly initiated this day in 1995 to foster global tolerance.

8. World Philosophy Day 2023

  • Celebrated on the third Thursday of November, this day highlights the significance of philosophy in human thought and culture.
  • UNESCO organizes this day to promote philosophy’s role in transforming societies and enhancing dialogue.
  • The 2023 theme, “Philosophical Reflection in a Multicultural World,” emphasizes understanding and dialogue among various cultures.

9. Janjatiya Gaurav Diwas 2023

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  • Prime Minister Narendra Modi celebrated ‘Janjatiya Gaurav Diwas’ in Jharkhandon November 15, 2023.
  • This day honors Birsa Munda, a tribal freedom fighter, and marks the release of the 15th installment of the PM-KISAN scheme, reflecting the government’s commitment to agricultural development.

Summits & Conferences News

10. 9th India International Science Festival 2024

  • Scheduled from January 17 to 20, 2024, in Faridabad, Haryana, the 9th edition of the IISF aims to inspire public engagement in science.
  • The festival, happening at THSTI and RCB, brings together students, scientists, and industry professionals.
  • The theme is ‘Science and Technology Public Outreach in Amrit Kaal.’

Ranks & Reports News

11. Rising Greenhouse Gas Levels in 2022, According to WMO

  • The World Meteorological Organization (WMO) has reported a concerning rise in greenhouse gas levels for 2022.
  • The increase in CO2, methane, and nitrous oxide levels indicates a potential for more severe climate effects.
  • The concentrations have reached alarming levels, significantly higher than pre-industrial times.

Awards News

12. SheGuard from Pakistan Wins Climate Innovation Contest

  • SheGuard, a Pakistani startup, won the ‘ClimateLaunchpad Asia-Pacific’ finals with its eco-friendly sanitary product.
  • The company converts banana crop waste into biodegradable, affordable sanitary napkins.
  • Vietnamese and Japanese startups secured the second and third places with their innovative solutions.

13. Salman Rushdie Receives ‘Lifetime Disturbing The Peace Award’

  • Renowned author Salman Rushdie was honored with the first ‘Lifetime Disturbing the Peace Award’ by the Vaclav Havel Center.
  • Following his recent Peace Prize, Rushdie humorously reflected on this new accolade.
  • The center also recognized Egyptian activist Alaa Abdel-Fattah with an award.

14. Suresh Wadkar Awarded Maharashtra’s ‘Lata Mangeshkar Award 2023’

  • Playback singer Suresh Wadkar, aged 68, has been named the recipient of Maharashtra’s prestigious ‘Gansamragini Lata Mangeshkar Award’ for 2023.
  • Wadkar, who started his career with a competition win in 1976, has been a significant figure in the music industry.

Agreements News

15. India-US Innovation and Startup Collaboration

  • India and the US have reinforced their startup collaboration with a new Memorandum of Understanding (MoU), signed in San Francisco.
  • The MoU aims to enhance cooperation, address regulatory challenges, and exchange best practices for fundraising.
  • The goal is to boost innovation and job creation, particularly in critical and emerging technologies.

Sports News

16. Rohit Sharma’s World Cup Sixes Record

  • Indian cricketer Rohit Sharma became the first to hit 50 sixes in World Cup history.
  • During the semifinal against New Zealand, Sharma surpassed Chris Gayle’s record, setting a new standard for most sixes in a single World Cup.

17. Inauguration of the 3rd Hockey India Women’s Championship

  • The 3rd Hockey India Senior Women Inter Department National Championship 2023 was inaugurated by Petroleum Minister Shri Hardeep Singh Puri.
  • The championship features top-level women’s teams and promises exciting hockey action.

Science & Technology News

18. Closure of Omegle After 14 Years

  • Omegle, a chat service launched in 2009, has announced its closure after 14 years.
  • The platform, known for connecting strangers, faced challenges leading to its shutdown.

National News

19. Passing of Freedom Fighter and Communist Leader N Sankaraiah

  • N Sankaraiah, a prominent communist leader in India, passed away at the age of 102 in Chennai.
  • Sankaraiah, elected thrice to the state assembly, was also the CPIM state secretary of Tamil Nadu.
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