18 November 2023 Current affairs PDF: In this article, you will get the Current Affairs on this “Amit S Telang Appointed Indian Ambassador to the Caribbean Community, RBI Imposes ₹90.92 Lakh Penalty on Axis Bank, RBI Tightens Norms for Unsecured Personal Loans, Federal Bank Introduces UPI Lite for Small-Value Digital Payments, RBI Directs Bajaj Finance to Halt Loans for ‘eCOM’ and ‘Insta EMI’ Products, World COPD Day 2023: “Breathing is Life – Act Earlier”, India-Sri Lanka Joint Exercise MITRA SHAKTI – 2023 Commenced, IndusInd Bank, Suzlon Energy Added to MSCI India Index, JSW Bags Award to Develop Greenfield Port in Karnataka For Rs 4,119 Crore.
18 November 2023 Current affairs in English
Staying well-informed about the latest current affairs is essential in our rapidly evolving world. As we delve into the month of November 2023, this article provides a concise yet comprehensive overview of the significant events that unfolded during this period. Explore the current affairs of November 2023, encompassing politics, economics, technology, and more, as we bring you up-to-date with the latest happenings around the globe.
Current Affairs of 18 November 2023 PDF
Amit S Telang has been appointed as the Indian Ambassador to the Caribbean Community and High Commissioner to the Federation of St Kitts and Nevis and Antigua and Barbuda, concurrently, according to the Ministry of External Affairs. Additionally, Anil Kumar Rai, Joint Secretary in the Ministry of External Affairs, has been named the next Ambassador of India to the Federal Democratic Republic of Ethiopia.
In the realm of Banking and Finance, the Reserve Bank of India (RBI) has imposed a monetary penalty of ₹90.92 lakh on Axis Bank and ₹42.78 lakh on Manappuram Finance for regulatory violations. Anand Rathi Global Finance also faces a penalty of ₹20 lakh for non-compliance with certain provisions of the RBI (KYC) Directions, 2016. The increased risk weighting for unsecured personal loans by RBI, from 100 percent to 125 percent, is expected to lead to higher lending rates on such products.
Federal Bank has introduced UPI Lite for small-value digital transactions in India, aiming to streamline and enhance the efficiency of the Unified Payments Interface system. The benefits include reduced transaction time, easier access to bank statements, a higher payment success rate, and improved security. Notably, UPI Lite can be created within the existing UPI app without requiring a new download.
In response to a directive from the Reserve Bank of India, Bajaj Finance has been directed to halt loans for its ‘eCOM’ and ‘Insta EMI’ products. This move resulted in a 3.97% decline in Bajaj Finance shares. The central bank specifically instructed the NBFC to cease the sanction and disbursal of loans under these two key products.
World Chronic Obstructive Pulmonary Disease (COPD) Day, observed on the third Wednesday of November, aims to raise awareness about COPD globally. The theme for World COPD Day 2023 is “Breathing is Life – Act Earlier,” with activities held in over 50 countries. National Epilepsy Day is observed annually on November 17 in India to raise awareness about the brain disorder. The 2023 International Epilepsy Day theme is “Stigma,” emphasizing the sudden and distressing nature of epileptic seizures.
The ninth edition of the India-Sri Lanka Joint Military exercise, “Exercise MITRA SHAKTI-2023,” took place in Pune from November 16th to 29th, focusing on rehearsing Sub Conventional operations under Chapter VII of the United Nations Charter. The exercise aims to foster strong bilateral relations and enhance joint responses during counter-terrorist operations.
Nine firms, including IndusInd Bank, Suzlon Energy, and One 97 Communications, have been added to the MSCI India Index. This index is widely used by global fund houses for benchmarking global equities portfolios.
JSW Infrastructure has been awarded the development of the Keni Port in Karnataka for Rs 4,119 crore on a public-private partnership basis. The port is envisioned to have modern, environmentally friendly mechanized facilities for handling cape-size vessels and all types of cargoes on the west coast, serving industries in the region.
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Don’t miss out on the opportunity to expand your knowledge and gain a deeper understanding of the significant events that shaped November 2023. Download the November current affairs 2023 PDF and stay informed about the latest happenings in this pivotal month.