National News

President Murmu's Maiden Visit to Ladakh

• President Droupadi Murmu made her inaugural official visit to the captivating region of Ladakh, renowned for its stunning landscapes and resilient populace.
• During her two-day sojourn, she participated in various events that celebrated the spirit of Ladakh and underscored the dedication of its troops.
• Upon her arrival in Leh for this historic visit, President Droupadi Murmu graced the 5th Union Territory Foundation Day ceremony at Sindu Sanskriti Kendra.
• This event marked the historical significance of Ladakh's transition to a Union Territory in 2019. Apart from her engagements with the armed forces and civil society, President Murmu also interacted with self-help groups and local tribals.
• This dialogue reaffirmed her commitment to empowering the grassroots of Ladakh, promoting self-sufficiency, and fostering community development.

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Empowering Women in India's Workforce

• Union Education Minister Dharmendra Pradhan, in the 'Rozgar Mela' in Bhubaneshwar, unveiled a significant rise in women's workforce participation in India, reaching 37 percent during the fiscal year 2022-23.
• This remarkable upsurge, compared to the 23 percent recorded in 2017-18, reflects the government's dedicated efforts to empower women in the workplace.
• Another noteworthy achievement announced by Pradhan was the decrease in India's unemployment rate.
• In the fiscal year 2022-23, the unemployment rate plummeted to 3.7 percent, a substantial improvement from the 6 percent recorded in 2017-18.

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Kozhikode Named India's First 'City of Literature' by UNESCO

• Kozhikode, a city in the southern Indian state of Kerala, achieved international recognition by joining the UNESCO Creative Cities Network as the first 'City of Literature' in India.
• This prestigious accolade was bestowed on Kozhikode on World Cities Day, alongside Gwalior in Madhya Pradesh, recognized as a 'City of Music.' Prague was the inaugural recipient of the City of Literature title in 2014.
• With Kozhikode and Gwalior's inclusion, the UNESCO Creative Cities Network now encompasses 350 creative cities across more than 100 countries, representing various creative fields.

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State News

Celebrating Karnataka Rajyotsava: 50 Years of Formation

• November 1, 2023, marks the 50th anniversary of Karnataka's formation, celebrated as Karnataka Rajyotsava. This day commemorates the merger of Kannada-speaking regions into a single state.
• Karnataka was initially founded on Karnataka Rajyotsava Day on November 1, 1956, following the State Reorganisation Act's enactment
• .In addition to Karnataka, several other states and territories, including Andhra Pradesh, Chhattisgarh, Haryana, Kerala, Madhya Pradesh, Punjab, Lakshadweep, and Puducherry, also observe their formation day on November 1.

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Defence News

Indian Air Force Retires Mig-21 Bison Squadron Based at Uttarlai

• The Indian Air Force (IAF) conducted a farewell ceremony at the Uttarlai Air Force Station in Rajasthan's Barmer, marking the retirement of another squadron of the iconic Mig-21 Bison fighter aircraft.
• This move has reduced the active number of Mig-21 Bison squadrons to just two.The Mig-21 Bison, with its historical significance, was the first supersonic fighter aircraft inducted into the Indian Air Force's service in 1963.
• The Indian Air Force is resolutely working towards phasing out all Mig-21 Bison squadrons by 2025, focusing on transitioning to advanced and modern fighter aircraft.

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Banking News

RBI Directly Regulates Cross-Border Payment Facilitators

• The Reserve Bank of India (RBI) announced its decision to directly regulate entities facilitating cross-border payment transactions related to the import and export of goods and services.
• This regulatory update introduces a new category known as Payment Aggregator-Cross Border (PA-CB) to encompass all entities involved in facilitating such transactions.
• As per the circular, entities aspiring to operate as PA-CBs must maintain a minimum net worth of ₹15 crore upon application and demonstrate financial stability by maintaining a minimum net worth of ₹25 crore by March 31, 2026.

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RBI Prescribes Norms for Closure of DCCB Branches

• The Reserve Bank of India (RBI) has announced that District Central Co-operative Banks (DCCBs) can close unprofitable branches without prior permission from the central bank, provided they obtain approval from the Registrar of Cooperative Societies in their respective states.
• DCCBs must follow a specific decision-making process, and the closure decision should be made by the bank's board after a thorough evaluation of relevant factors.
• When closing a branch, DCCBs are required to return the original licenses issued for that branch to the Regional Office of the RBI, ensuring proper record-keeping and regulatory compliance.

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Business News

SBI Card Collaborates with Reliance Retail for 'Reliance SBI Card'

• SBI Card, a leading credit card issuer in India, has partnered with Reliance Retail to introduce the co-branded Reliance SBI Card, designed to revolutionize the shopping experience for customers.
• This card will be available in two variants: the Reliance SBI Card and the Reliance SBI Card PRIME, catering to distinct consumer needs.
• The annual renewal fee for the Reliance SBI Card PRIME is ₹2,999, while the Reliance SBI Card carries an annual renewal fee of ₹499 plus applicable taxes, with opportunities for renewal fee waivers based on annual spending milestones.

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Important Days News

World Vegan Day 2023

• World Vegan Day, celebrated on November 1 annually, originated in 1994 when 'The Vegan Society' was established in England.
• It was initially created to commemorate the 50th anniversary of The Vegan Society and has since evolved into a global platform for promoting the vegan lifestyle and its associated benefits.
• This day encourages individuals to embrace a vegan lifestyle, emphasizing the ethical, environmental, and health advantages it offers.
• It serves as a space for both vegans and vegan organizations to showcase the positive impacts of veganism on various aspects of life.
• November is recognized as Vegan Month, allowing for an extended and comprehensive exploration of the benefits and practices associated with veganism.

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Halloween Day 2023

• Halloween, celebrated every October 31, brings people of all ages worldwide together to revel in the spooky and supernatural.
• On this day, societal norms take a back seat as people let their inner ghouls and goblins come out to play.
• The name Halloween is derived from "All Hallows' Eve," as it marks the beginning of the three-day observance of Allhallowtide, which includes All Hallows' Eve, All Saints' Day, and All Souls' Day.
• This celebration has its roots in the ancient Celtic festival of Samhain, a significant harvest festival with connections to paganism. The Celts believed that on Halloween, the boundary between the living and the dead blurred, allowing spirits to return to the mortal realm.

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Summits & Conferences News

UK to Host the AI Safety Summit 2023

• The AI Safety Summit 2023, hosted by the United Kingdom's Prime Minister, Rishi Sunak, is scheduled for November 1 and 2 at Bletchley Park, Buckinghamshire.
• This summit brings together global leaders to address the growing concerns surrounding the safety of advanced AI technologies. It aims to establish a shared understanding of the risks associated with Frontier AI and the need for global action to address them.
• The summit intends to initiate a process for international collaboration on Frontier AI safety, encompassing support for national and international frameworks.
• It will also propose measures to enhance Frontier AI safety for organizations and promote responsible development, focusing on areas of potential collaboration in AI safety research, including evaluating AI model capabilities and creating new standards to support governance.

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Nokia Partners With TATA Play Fiber for WiFi6-Ready Broadband Network

• Nokia, a global technology leader, has made significant progress in the Indian broadband market through a partnership with TATA Play Fiber, introducing India's first WiFi6-ready broadband network.
• This collaboration equips TATA Play Fiber with a comprehensive range of fiber-to-the-home (FTTH) and Wi-Fi equipment to expand their broadband network across India.
• The technology brings the advantages of low-latency applications, ideal for activities such as gaming, and delivers gigabit speeds to multiple devices on the Wi-Fi network.
• Furthermore, the incorporation of the WPA3 standard enhances network security, ensuring the protection of user data.

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Awards News

10-Year-Old Bangalore Kid Wins 'Wildlife Photographer Of The Year' Award

• Vihaan Talya Vikas, a prodigious 10-year-old from Bengaluru, captured the hearts of photography enthusiasts and conservationists by securing the top prize in the '10 years and under' category of the renowned Wildlife Photographer of the Year (WPY)
• This prestigious competition, often likened to the 'Oscars of Photography,' is organized by the Natural History Museum and provides a global platform for showcasing the world's most remarkable wildlife photography.
• Vihaan's winning photograph portrays a spider in a captivating pose alongside a sculpture of Lord Krishna, situated on the outskirts of his city.
• The photograph beautifully captures the spider, seemingly entranced by the divine notes of Krishna's flute, creating a connection between the realms of nature and spirituality.

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Social Worker Deenanath Rajput From Bastar Wins Rohini Nayyar Prize

• Deenanath Rajput, an engineer-turned-social worker, was honored with the Second Rohini Nayyar Prize in recognition of his exceptional contribution to rural development.
• This award, presented in memory of the late economist-administrator Rohini Nayyar, includes a trophy, citation, and a cash prize of Rs 10 lakh.
• Deenanath Rajput's remarkable work centers on empowering tribal women in Bastar, Chhattisgarh, a region known for its challenges, including Naxalite activities. His efforts have played a pivotal role in positively transforming the lives of over 6,000 tribal women in the area.
• At the heart of Rajput's initiative is the establishment of a Farmers Producers Organisation (FPO), which was founded in 2018 with an initial membership of 337 women from Jagdalpur in Bastar.
• Since then, the FPO has grown to encompass over 6,000 members across four districts in the region.

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Sports News

Saudi Arabia To Host 2034 FIFA World Cup

• Saudi Arabia has stepped forward to host the 2034 Men's FIFA World Cup after Australia unexpectedly withdrew from the bid race just hours before the deadline.
• The Football Australia federation, after careful consideration, decided not to bid for the 2034 competition.
• Instead, Australia is focusing its efforts on bidding for the Women's Asian Cup in 2026 and the FIFA Club World Cup in 2029.
• Meanwhile, Spain, Portugal, and Morocco are already slated to co-host the 2030 tournament, and Uruguay, Paraguay, and Argentina will mark the 100th anniversary of the first World Cup by hosting the opening matches.

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