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Daily Current Affairs 20th November 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 20th November 2023. It includes all Major National, International, Business and Sports related current affairs of 20th 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 20th November 2023 Current affairs test.


International News

1. Challenges in UK-India FTA Negotiations Over Agricultural GI Products

  • The UK and India are engaged in Free Trade Agreement discussions, with significant disagreements over the protection of Geographical Indication (GI) products in agriculture.
  • The UK demands stricter protections for its GIs like Scotch whisky and Stilton cheese, while India has its own renowned GI products such as Basmati rice and Darjeeling Tea.

2. India’s Humanitarian Aid to Gaza Amidst Israel-Hamas Conflict

  • India reaffirms its humanitarian commitment by sending a second consignment of aid to Gaza, caught in the ongoing Israel-Hamas conflict.
  • A 32-tonne shipment of essential supplies has been dispatched via an Indian Air Force C-17 to El-Arish Airport in Egypt, near the Gaza entry point.
  • This aid underlines India’s solidarity in addressing the critical humanitarian needs of the region.

3. Putin’s Scheduled Participation in Virtual G20 Meeting

  • Russian President Vladimir Putin is set to join a virtual G20 leaders’ meeting on November 22, as reported by the Russian state media.
  • Putin has been absent from in-person meetings since the Ukraine invasion in February 2022.
  • This meeting is crucial to build on the discussions from the September session.

4. Javier Milei Elected as Argentina’s President

  • Javier Milei has been elected as Argentina’s president, known for his distinctive style and radical economic policies.
  • Winning 55.8% of the votes, Milei’s victory is the most significant margin since Argentina’s return to democracy.
  • Milei has hinted at potentially relocating the Argentine embassy from Tel Aviv to Jerusalem, a move reminiscent of Trump’s administration.

Defence News

5. President Droupadi Murmu to Award President’s Colour to AFMC

  • President Droupadi Murmu will bestow the prestigious President’s Colour on the Armed Forces Medical College (AFMC) on December 1, coinciding with its 75th anniversary.
  • The AFMC is globally recognized for its excellence in medical education and service to the Armed Forces.
  • The President’s Colour is the highest accolade a military unit can receive.

Business News

6. Bengaluru Leads in Women-Led Startups in India

  • Bengaluru, followed by Mumbai and Delhi, tops the chart in India for the number of women-led startups.
  • According to Traxon data, Bengaluru has 1,783 such ventures, demonstrating India’s position as the third-largest startup ecosystem globally.
  • Noida, Kolkata, and Ahmedabad also contribute significantly, showcasing the widespread presence of women entrepreneurs in the country.

Economy News

7. Inflation Trends and Trade Gap Developments Globally and in India

  • The US and UK experience a decline in inflation, hinting at possible interest rate cuts by mid-next year.
  • While Europe sees uneven economic growth, the eastern EU region’s recovery remains weak.
  • In Asia, economic recoveries in China and Japan are uncertain due to factors like reduced consumption.
  • India’s trade gap has widened in October 2023.

8. India’s GDP Crosses the $4 Trillion Threshold

  • India’s GDP has reached an important benchmark, surpassing $4 trillion.
  • This achievement results from diverse sectoral growth and strategic policies.
  • The RBI’s November bulletin shows a stronger GDP growth than previously anticipated.

9. Rural Inflation in India Exceeds Urban Rate

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  • NSO data shows rural inflation in India, at 5.12% in October 2023, surpassing urban inflation for 18 of the past 22 months.
  • This trend raises concerns about the effectiveness of initiatives aimed at reducing economic stress in rural areas.

10. Impact of India’s Extended Rice Export Restrictions

  • India, a major global rice exporter, is likely to continue its export limitations into the next year.</li >
  • The government’s efforts to control domestic supply and price stability include export duties and minimum prices.
  • This move affects specific rice varieties, including broken and non-basmati white rice, and influences global prices.
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