Daily Current Affairs: 7 November 2023

Daily Current Affairs
7th November 2023

7th November 2023
BANKING & FINANCE

RBI imposes monetary penalty on PNB, Federal Bank, and 2 other entities
 The Reserve Bank of India (RBI)
has imposed monetary penalties
on several financial institutions,
including Punjab National Bank,
Federal Bank, Mercedes-Benz
Financial Services India Private
Ltd, and Kosamattam Finance
Ltd, for non-compliance with specific
regulatory norms.
 These penalties are aimed at
enforcing regulatory compliance
within the financial sector.
Penalty Amounts & Reasons :
 Punjab National Bank: Rs 72 lakh
penalty for non-compliance related
to 'interest rate on advances' and
'customer service in banks.'
 Federal Bank: Rs 30 lakh penalty
for contravention of certain provisions of Know Your Customer (KYC) norms.
 Mercedes-Benz Financial Services India Private Ltd: Rs 10 lakh penalty for non-
compliance with KYC provisions.
 Kosamattam Finance Ltd: Rs 13.38 lakh penalty for non-compliance with provisions
of 'Non-Banking Financial Company - Systemically Important Non-Deposit taking
Company and Deposit taking Company (Reserve Bank) Directions, 2016.'
 Basis for Penalties: The penalties have been imposed due to deficiencies in
regulatory compliance. It's important to note that these penalties do not pass
judgement on the validity of specific transactions or agreements entered into by these
financial entities with their customers.
 Punishment for Non-Compliance: The RBI, as the regulatory authority, uses
monetary penalties as a means to encourage financial institutions to adhere to
established regulations and guidelines. Non-compliance with these norms can result in
financial penalties, as seen in these cases.
 Focus on KYC and Customer Service: The penalties on Federal Bank and
Mercedes-Benz Financial Services India Private Ltd are specifically related to Know
Your Customer (KYC) norms, indicating the importance of robust KYC processes in
the financial industry.
 Additionally, Punjab National Bank's penalty relates to 'interest rate on advances' and
'customer service,' highlighting the significance of customer-centric banking services
and adherence to interest rate regulations.
Which section of the RBI act deals with penalties?
 The penalties have been imposed in the exercise of powers vested in RBI under the
provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking
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Regulation Act, 1949, taking into account the failure of the banks to adhere to the
aforesaid directions issued by RBI.
 The penalty has been imposed in the exercise of powers conferred under clause (b)
of sub-section (1) of section 58G read with clause (aa) of sub-section (5) of section
58B of the Reserve Bank of India Act, 1934, taking into account the failure of the
company to adhere to the aforesaid directions issued by RBI.
About Federal Bank :
 Established : April 23, 1931
 Headquarters : Aluva, Kochi, Kerala, India
 MD & CEO : Shyam Srinivasan
 Tagline : Your Perfect Banking Partner
About Punjab National Bank :
 Founded : 19 May 1894
 Headquarters : New Delhi
 MD & CEO: Atul Kumar Goel
Reserve Bank of India's Gold Reserves Reach 800 Tonnes

 The Reserve
Bank of India’s
(RBI) gold
holdings, part of
its foreign
exchange
reserves, have
reached nearly
800 tonnes
level.
 The milestone of
800 tonnes of gold holdings is significant as the first tranche of Sovereign Gold
Bonds (SGBs) issued in 2015 is due for redemption in November.
Key Highlights :
 The RBI initiated the purchase of gold in 2018.
 Prior to that, it had acquired 200 tonnes of gold in 2009 during the global financial
crisis.
 Since 2018, the RBI has added approximately 242 tonnes of gold to its reserves.
 As of August of the current year, the RBI has added 12.2 tonnes of gold to its
reserves & this demonstrates a continued accumulation of gold.
 According to data from the World Gold Council (WGC), as of August, gold
constituted 8.3% of India's foreign exchange reserves, with a valuation of $45 billion.
 This indicates the role of gold as a significant component of India's foreign exchange
reserves.
What are Gold Reserves?
 Gold reserves are the physical gold assets held by a central bank or country as part
of its foreign exchange reserves.
7th November 2023
 Central banks may acquire gold reserves through various means, including purchases
from other central banks, international organisations, or commercial banks, and from
domestic production or importation.
What is SGB?
 The Government of India introduced the Sovereign Gold Bond (SGB) Scheme in
November 2015 to offer an alternative investment to physical gold.
 SGBs were catered to individuals who were buying physical gold for investment
purposes.
Eligibility Criteria :
 Persons resident in India as defined under the Foreign Exchange Management Act,
1999 are eligible to invest in SGB.
 Eligible investors include individuals, HUFs, trusts, universities and charitable
institutions. Individual investors with subsequent change in residential status from
resident to non-resident may continue to hold SGB till early redemption/maturity.
Rate of interest :
 The Bonds bear interest at the rate of 2.50% (fixed rate) per annum on the amount of
initial investment.
 Interest will be credited semi-annually to the bank account of the investor and the last
interest will be payable on maturity along with the principal.
Authorised Selling Agencies:
 SGBs are sold through various authorised channels, including nationalised banks,
scheduled private banks, scheduled foreign banks, designated post offices, Stock
Holding Corporation of India Ltd. (SHCIL), and authorised stock exchanges.
Accumulated Investment in SGBs:
 Since their launch, SGBs have collected as much as 120 tonnes of gold..
AU Small Finance Bank and ixigo Partner to Launch Premium Co-Branded Travel
Credit Card Tailored for Modern Travellers
 AU Small Finance Bank (AU SFB), the
largest small finance bank in India, has
partnered with ixigo, one of the leading
travel platforms, to introduce a
premium co-branded credit card
tailored for contemporary travellers.
 This collaboration leverages the
financial acumen of AU SFB and ixigo’s
extensive presence in Tier-2 and Tier-3
markets to provide customers with a
seamless fusion of exclusive financial
incentives and unmatched travel
advantages.
About co-branded credit card :
 “The ixigo-AU co-branded credit card is
designed to empower customers with a
seamless, gratifying, and unforgettable
7th November 2023
travel journey across all travel sectors, including flights, trains, buses, and hotels.
 It is specifically crafted to meet the changing demands of contemporary travellers, who
prioritise flexibility, convenience, and value.
 As part of the welcome bonus, customers will additionally earn 1000 reward points and
receive ₹1000 worth of ixigo money with their first successful transaction within the
initial 30 days of card issuance.
About AU Small Finance bank :
 Founded : 1996
 Headquarters : Jaipur, Rajasthan, India
 MD & CEO : Sanjay Agarwal
About ixigo :
 Founded : June 2007
 Headquarters : Gurgaon, Haryana, India
 Founders : Rajnish Kumar & Aloke Bajpai
HDFC ERGO General Insurance launches Optima Secure

 HDFC ERGO General Insurance has
introduced Optima Secure, a health
insurance plan that offers 4 times the
coverage without any additional cost,
aiming to redefine the value
proposition of health insurance.
Key Highlights :
 Age Inclusivity: This insurance policy
is available for individuals of all age
groups.
 There is no upper age limit, meaning you can purchase it even after turning 65 years
old, and the coverage does not expire based on age.
 Flexible Coverage Options: Both families and individuals have the flexibility to select
coverage amounts ranging from ₹5 lakhs to ₹2 crore.
 This provides a wide range of options to cater to different insurance needs.
 Policy Duration: Optima Secure policyholders can choose the policy duration, which
can be for 1, 2, or 3 years.
 This allows for greater customization and long-term coverage planning.
 Incremental Coverage Enhancement: One of the unique features of this policy is the
incremental increase in coverage.
 After the first year, the coverage grows by 50%, and after the second year, it doubles,
even if a claim has been made.
 This feature is designed to provide additional security and value to policyholders.
About HDFC ERGO General Insurance Company Limited :
 Headquarters: Mumbai, Maharashtra
 It is a 51:49 joint venture firm between HDFC and ERGO International AG, one of
the insurance entities of the Munich Re Group in Germany operating in the insurance
field under the BFSI sector.
7th November 2023
Finance Minister Nirmala Sitharaman inaugurates State Bank of India's branch in

Trincomalee, Sri Lanka
 Finance Minister
Smt Nirmala
Sitharaman
inaugurated a
branch of the
State Bank of
India (SBI) in
Trincomalee, Sri
Lanka.
 The occasion was
graced by the
Governor of the Eastern Province of Sri Lanka Senthil Thondaman, High
Commissioner of India to Sri Lanka Gopal Baglay, and SBI Chairman Dinesh Khara.
Key Highlights :
 Finance Minister Nirmala Sitharaman appreciated the commitment of the State Bank
of India to its growth, both domestically and internationally.
 This is particularly significant in the context of the economic crisis in Sri Lanka.
 It was noted that the efforts of the State Bank of India played a crucial role in
facilitating the smooth extension of a $1 billion Line of Credit from the Government
of India to Sri Lanka.
About SBI :
 Established : 1 July 1955
 Headquarters : Mumbai, Maharashtra, India
 MD & CEO : Dinesh Kumar Khara
 Tagline : The banker to every indian
NATIONAL NEWS
Centre launches sale of ‘Bharat’ Atta at an MRP of ₹ 27.50/Kg
 The Union Minister for
Consumer Affairs,
Food and Public
Distribution, Textiles
and Commerce and
Industry, Shri Piyush
Goyal flagged off
100 mobile vans for
sale of wheat flour
(Atta) under ‘Bharat’
brand,from Kartavya
Path, New Delhi.
 The atta will be available at an MRP not exceeding ₹ 27.50/Kg.
 This is the latest among a series of steps taken by the GoI for the welfare of ordinary
consumers.
7th November 2023
 The launch of retail sales of ‘Bharat’ brand Atta will increase supplies in the market at
affordable rates, and will help in continued moderation of prices of this important food
item.
 ‘Bharat’ Atta will be available at all physical and mobile outlets of Kendriya Bhandar,
NAFED and NCCF will be expanded to other co-op/retail outlets.
 2.5 LMT of wheat @ Rs.21.50/kg has been allocated for Semi-Government and
cooperative organizations i.e. Kendriya Bhandar, NCCF and NAFED under Open
Market Sale Scheme [OMSS (D)] for converting to atta and offer it for sale to the
public under 'Bharat Atta' brand at an MRP not exceeding ₹ 27.50/Kg.
BACKGROUND:
 The Government of India has taken a series of steps to stabilize the prices of essential
food grains while also ensuring fair price to the farmers.
 Bharat Dal (Chana dal) is already being sold by these 3 agencies @ Rs.60 per kg for
1kg pack and Rs.55 per kg for 30 kg pack from their physical and/or retail outlets,
along with onions @ Rs.25 per kg. Now, with the launch of sale of ‘Bharat’ Atta,
consumers can get Atta, dal as well as onions from these outlets at fair and affordable
prices.
 Policy interventions of GoI aim to benefit farmers as well as consumers. For the
farmers, GoI fixes MSP (Minimum Support Price) of foodgrains, pulses as well as
coarse grains and millets. Nationwide procurement operations are undertaken to
implement the PSS (Price Support Scheme) which ensures the benefit of MSP to
farmers.
 In RMS 23-24, 262 LMT of wheat was procured from 21.29 lakh farmers at the
declared MSP of Rs.2125 per quintal. The total value of procured wheat was
Rs.55679.73 crores.
 In KMS 22-23, 569 LMT of rice was procured from 124.95 lakh farmers at the declared
MSP of Rs. 2060 per quintal for Grade ‘A’ paddy.
 The total value of procured rice was Rs. 1,74,376.66 crores.
Key Highlights
 The government of India is closely monitoring the domestic retail prices of edible oils
to ensure that the full benefits of decrease in international prices is passed on to the
end consumers.
 The government has taken the following measures in order to control and ease the
prices of edible oils in the domestic market: -
 The Basic Duty on Crude Palm Oil, Crude Soyabean Oil and Crude Sunflower Oil was
reduced from 2.5% to Nil. Further, the Agri-cess on these Oils was brought down from
20% to 5%. This duty structure has been extended upto 31st March, 2024.
 The Basic Duty on Refined Soybean oil and Refined Sunflower Oil was reduced to
17.5% from 32.5% and the Basic Duty on Refined Palm Oils was reduced from 17.5%
to 12.5% on 21.12.2021.
 This duty has been extended up to 31st March, 2024.
 In order to maintain availability, the Government has extended the free import of
Refined Palm Oils till further orders.
 In the latest initiative taken by the Government, the import duty on Refined Sunflower
Oil and Refined Soybean Oil has been reduced from 17.5% to 12.5% with effect from
7th November 2023
15.06.2023.
 GoI stands committed to ensure the welfare of its farmers, PDS beneficiaries as well
as ordinary consumers by ensuring minimum support prices for farmers, free rations
(wheat, rice and coarse grains/millets) under PMGKAY for Antyodaya and Priority
households and fair and affordable rates of wheat, atta, dal and onions/tomatoes as
well as sugar and oil, for ordinary consumers.
About Public Distribution System (PDS)
 The Public Distribution System (PDS) evolved as a system of management of scarcity
through distribution of foodgrains at affordable prices. Over the years, PDS has
become an important part of the Government’s policy for management of food
economy in the country.
 PDS is supplemental in nature and is not intended to make available the entire
requirement of any of the commodities distributed under it to a household or a section
of the society.
 PDS is operated under the joint responsibility of the Central and the State/UT
Governments.
 The Central Government, through Food Corporation of India (FCI), has assumed the
responsibility for procurement, storage, transportation and bulk allocation of food
grains to the State Governments.
 The operational responsibility including allocation within State, identification of eligible
families, issue of Ration Cards and supervision of the functioning of Fair Price Shops
(FPSs) etc., rest with the State Governments.
Union Government bans Mahadev App and 21 other illegal betting platforms on ED's
request
 The Central
Government has
banned 22 illegal
betting apps including
controversial Mahadev
Book.
 In an order issued, the
Ministry of
Electronics and
Information
Technology blocked 22 illegal betting apps and websites including Mahadev
Book and Reddyannaprestopro.
 The Ministry took the step on the recommendation of the Enforcement Directorate
(ED).
 The ED recommended to the Centre for restricting illegal betting app after
investigation and subsequent raids on Mahadev Book in Chhattisgarh.
 The ED has arrested Bhim Singh Yadav, a Constable in Chhattisgarh Police and Asim
Das on the charge of money laundering in the case.
 Earlier in the day, the Congress accused the Centre of using ED to target Chhattisgarh
government in view of Assembly elections in the state.
7th November 2023
MEITY launches pan-India startup initiative Launchpad for Tech-Entrepreneurs in

New Delhi
 The Ministry of
Electronics and
Information
Technology (MEITY)
launched the pan-India
startup initiative
Launchpad for Tech-
Entrepreneurs
towards Accelerated
Growth and Pioneering
in New Delhi.
 The Ministry said the
initiative aims to
promote Investment, Mentorship, and Global Connect Initiative for accelerated
growth of young entrepreneurs to initiate and scale their ventures.
 It added that budding startups will also get a three-month intensive training and
funding up to one crore rupees.
 MEITY Secretary, S. Krishnan highlighted the changing landscape of enterprising in
India.
 The nation is no longer a place for outsourcing but a startup hub with India now a
world leader in Digital Public Infrastructure.
 The event is to promote entrepreneurship in tier two and tier three cities and greater
participation from women and people from vulnerable communities.
 Software Technology Park of India STPI Director General Arvind Kumar talked about
the importance of this initiative.
INTERNATIONAL NEWS
Global Solar Facility of the International Solar Alliance (ISA) to Receive $35 Million in
Capital Contribution
 The International Solar Alliance's Global
Solar Facility is set to receive a capital
contribution of $35 million.
 India, as the host of the 6th assembly of the
International Solar Alliance, will make a
significant investment of $25 million as a
capital contribution to the Global Solar
Facility.
 Additionally, the International Solar Alliance itself will contribute $10 million to the
Global Solar Facility.
About Global Solar Facility (GSF) :
 The GSF was approved by the ISA Assembly in 2022 with the aim of attracting private
capital into various solar projects, including off-grid solar projects, rooftop solar
projects, and productive use solar projects.
7th November 2023
 The primary objective of the Global Solar Facility (GSF) is to boost solar investment
in underserved and geographically challenging regions of Africa.
 The GSF is also planning to expand its reach to regions in Asia, Latin America, and
the Middle East.
 The GSF plans to invest in innovative technologies to enhance solar energy efficiency.
 It also supports startups to accelerate the implementation of solar energy and explores
emerging solar energy sectors.
 The GSF's ambitious goal is to raise $100 million to expedite the transition to solar
energy.
 The 6th assembly of the International Solar Alliance is scheduled to take place from
October 30 to November 2, 2023.
 President of the ISA Assembly, RK Singh, inaugurated four solar Demonstration
Projects completed under the ISA grant initiative.
 These demonstration Projects were inaugurated in Malawi, Fiji, Seychelles and
Kiribati.
 India and France jointly launched the International Solar Alliance (ISA), an
intergovernmental organisation on 30 November 2015 at COP21 in Paris, France.
STATE NEWS
Skill India Collaborates with Coca-Cola India to Introduce Retailer Skill Development
Program for Empowering Retailers in Odisha
 The National Skill Development
Corporation (NSDC), operating under
the Ministry of Skill Development &
Entrepreneurship (MSDE), has
partnered with Coca-Cola India to
launch the Super Power Retailer
Program.
 Aim : To empower retailers in the
states of Odisha and Uttar Pradesh
under the Skill India Mission.
 The Super Power Retailer Program is
initially being piloted in the state of Odisha, focusing on the retailer community in the
region.
 The formal announcement of this partnership took place in the presence of
Dharmendra Pradhan, Union Minister for Education and Skill Development &
Entrepreneurship; Ved Mani Tiwari, Chief Operating Officer (COO) of NSDC; and
Sanket Ray, President of Coca-Cola India & Southwest Asia.
 The program aims to provide industry-specific skills to retailers.
 These skills include customer management, inventory and stock management, and
financial management.
 These skills are tailored to meet the professional needs of retailers.
About Coca-Cola India :
 Headquarters : Gurugram, Haryana
 Coca-Cola India is a subsidiary of The Coca-Cola Company and operates in India.
7th November 2023
APPOINTMENTS & RESIGNATIONS

Government Extends Tenure of Bank of Maharashtra and Central Bank Managing
Directors
 The government has granted approval for the
extension of the tenure of Managing Directors
(MDs) of two public sector banks, the Bank of
Maharashtra (BoM) and the Central Bank of India.
 The decision to extend the tenure of these MDs was
made by the Appointments Committee of the
Cabinet (ACC), which is responsible for such
appointments and extensions in government
organisations.
Extensions :
 The ACC has approved a 6-month extension for A S
Rajeev, who serves as the Managing Director and
Chief Executive Officer (MD and CEO) of Bank of
Maharashtra (BoM).
 His extended term will continue until his
superannuation.
 The ACC has also granted an extension for M V Rao, who holds the position of MD
and CEO at Central Bank of India.
 His term has been extended until July 31, 2025.
 A S Rajeev was appointed as the MD and CEO of the Bank of Maharashtra in 2018,
while M V Rao assumed the role of MD and CEO of Central Bank of India in 2021.
About BoM :
 Founded : 16 September 1935
 Headquarters : Pune, Maharashtra
About Central Bank of India :
 Founded : 21 December 1911
 Headquarters : Mumbai, Maharashtra
Swiss Watchmaker Rado Announces Bollywood Superstar Katrina Kaif as Brand

Ambassador
 Rado, the iconic Swiss watchmaker
renowned for its innovation in
materials to create timeless designs,
is delighted to announce Bollywood
superstar Katrina Kaif as its Global
Brand Ambassador.
 This exciting partnership reinforces
Rado's commitment to creating
memories that last a lifetime.
 CEO of Rado : Adrian Bosshard
7th November 2023
MOUS AND AGREEMENT

APEDA inks MoU with Lulu Hypermarket for export promotion of Indian agri-
products:
 To boost exports of
agricultural
products to the
Gulf Cooperation
Countries (GCCs),
the Agricultural
and Processed
Food Products
Export
Development
Authority
(APEDA), Ministry
of Commerce, Government of India, has signed a Memorandum of Understanding
(MoU) with global retail major Lulu Hypermarket LLC.
 The MoU, which is aimed at promoting Brand India globally was signed between
APEDA Chairman, Shri Abhishek Dev and Chairman-cum-Managing Director of LuLu
Group, Mr Yusuf Ali MA at the World India Food (WIF).
 With the MoU, APEDA would promote Indian agricultural products, including Millets
across the GCC as the LuLu Group International (LLC) has its presence across the
GCC, Egypt, India and the Far East with 247 LuLu stores in operation and 24
shopping malls.
 The LuLu Group is the fastest growing retail chain in the Middle East and Asia.
 The MoU will also facilitate promotional activities for APEDA’s scheduled products with
the LuLu Hyper market retail chain.
 As per the MoU document, Lulu Group will actively promote and showcase a wide
range of products in APEDA basket of agricultural and processed food products in
their retail outlets.
 A dedicated shelf space (special sections or aisles) will be allocated within LuLu
Group’s stores to display APEDA’s products prominently and to enhance their
visibility.
Key Highlights
 APEDA and LuLu Group will engage with consumers through interactive events,
sampling/tasting campaigns, season specific campaigns for fruits and vegetables, new
product launch and the promotion of products arising from Himalayan/North Eastern
States, organic products, etc.
 APEDA also facilitated signing of MoUs of Arunachal Pradesh Marketing Board, Sher-
e-Kashmir University of Agricultural Sciences & Technology, Jammu and Meghalaya
Agricultural Marketing Board with Lulu group aimed at boosting exports potential from
Himalayan and North Eastern states.
 The promotional activities will enable maximum dissemination of information and
awareness about the benefits of ethnic, unique, and GI- tagged agri-products to the
7th November 2023
consumers in the destination country. Further feedback from consumers will be

actively sought to improve product offerings.
 The MoU also stated that APEDA and LuLu Group would jointly work to explore
opportunities to facilitate the export of agri products through its international network of
stores, thereby expanding the global reach of Indian agricultural products and
accessibility to consumers.
 Both APEDA and LuLu Group would jointly facilitate export-oriented promotional
programmes such as Buyer-Seller meets (BSM), R-BSMs/B2B meetings, trade
fairs/road shows in association with the Indian Missions abroad and concerned
stakeholders.
 LuLu Group will provide its assistance in the labelling of products according to the
requirements of different importing countries, the MoU paper said, adding that both the
parties would mutually decide the commercial matters and applicable terms.
ABOUT APEDA
 The Agricultural and Processed Food Products Export Development Authority
(APEDA) was established by the Government of India under the Agricultural and
Processed Food Products Export Development Authority Act passed by the
Parliament in December, 1985.
 The Act (2 of 1986) came into effect from 13th February, 1986 by a notification issued
in the Gazette of India: Extraordinary: Part-II [Sec. 3(ii): 13.2.1986).
 The Authority replaced the Processed Food Export Promotion Council (PFEPC).
RANKING AND INDEX

State Food Safety Index 2022- 2023 Announced
 The Food Safety and Standards Authority of
India (FSSAI) released the State Food Safety
Index (SFSI) for 2023.
 According to the index, 19 out of 20 big states'
scores registered a decline in 2023 as
compared to 2019.
 Maharashtra, Bihar, Gujarat and Andhra
Pradesh recorded a drop in their 2023 scores
from 2019.
 In the last five years, the steepest fall was seen
in Maharashtra. Its score has decreased to 45 in
2023 as compared to 74 in 2019.
 Bihar score has declined to 20.5 in 2023 as
compared to 46 in 2019.
 Gujarat scored 48.5 in 2023 as compared to 73
in 2019.
 The average scores of all large states improved
marginally to 56 points in 2020 from 52 points in
2019.
 The average score dropped to 51 points in 2021
and 2022.
7th November 2023
 State Food Safety Index (SFSI) score is being given to states from 2019. It is given
out of a total of 100 points that are calculated on the basis of five parameters with
different weightage.
 ‘Human Resources and Institutional Data’, ‘Compliance’, ‘Food Testing Infrastructure’,
‘Training and Capacity Building’, and ‘Consumer Empowerment’ are the five
parameters of the State Food Safety Index.
 The most decline has been observed in the ‘Food Testing Infrastructure’ parameter.
 The average score for all large states for this parameter has dropped 7 points out of
17 in 2023 from 13 points out of 20 in 2019.
 The ‘Compliance’ parameter has the highest weightage (28%) in the Index.
 The ‘Consumer Empowerment’ parameter has the second highest weightage (19
per cent) in 2023.
 The 2023 average compliance score for all large states was 11 points out of 28 in
2023.
 The 1st SFSI was released on 7th June, 2019 based on the information submitted by
States/UTs.
 In the 2023 index, a new parameter called ‘Improvement in SFSI Rank’ was added,
which assesses improvement in each state’s rank from the year before.
Ranking of the States and Union Territories in the 2022 -23 Report
 Among the large state category: Kerala is the top-ranking state followed by Punjab
and Tamil Nadu.
 Among the small states category: Goa is the top-ranking state followed by Manipur,
and Sikkim in the Small States category.
 Among the Union Territories category: Jammu and Kashmir, Chandigarh, and Delhi
SPORTS NEWS
In Chess, R Vaishali and Vidit Gujrathi win FIDE Grand Swiss Women's and Open
titles in UK
 In Chess, R Vaishali
drew her last-round
game against
Mongolia’s
Batkhuyag
Munguntuul to win
FIDE Women’s
Grand Swiss 2023 at
the Isle of Man in
UK.
 Vidit Gujrathi beat
Alexandr Predke of
Serbia to record his seventh victory in the event and take the top spot in open section.
 Both players also qualified for the prestigious Candidates tournament to be played in
April next year in Canada.
 Both Vaishali and Vidit ended with identical 8.5 points apiece and stayed a half point
clear of nearest rivals.
7th November 2023
 While Vaishali got richer by over 20 lakh rupees, Vidit took home a whopping prize
purse of over 66 lakh rupees.
Highlights
 Vaishali became the first Indian to win the Grand Swiss and will have her task cut out
in the Candidates alongside India’s first woman Grandmaster - Koneru Humpy.
 Humpy is likely to qualify by virtue of her high rating but the decision will be known
only in January 2024.
In Hockey, India lifts Women’s Asian Champions Trophy title after thumping win over
Japan in Ranchi
 In Hockey, the
Indian women’s
team dethroned
Japan to crown
themselves Asian
Champions Trophy
winners.
 The hosts beat Japan
4-0 in the final in
Ranchi.
 India overcame the
two-time champions
through goals from Sangita Kumari, Neha, Laremsiami and Vandana Katariya.
 India won their maiden Asian Champions Trophy title in 2016 in Singapore,
while Japan bagged the crown twice, in 2013 and 2021.
 Earlier in the day, Asian Games champions China beat South Korea 2-1 to secure
the third place.
 Yi Chen and Tiantian Luo scored for the winners while Sujin An found the target for
Korea.
 In recognition of their exceptional performance, marked by an undefeated streak
throughout the tournament and their title victory, Hockey India announced 3 lakh
rupees to each player, and 1.50 lakh rupees each for support staff.
 Jharkhand’s Salima Tete was announced the Player of the Tournament.
OBITUARIES
Renowned Indian Poet Gieve Patel Passed away
 Renowned playwright, poet, painter,
and thinker Gieve Patel passed away
at the age of 83 in Pune, Maharashtra.
About Gieve Patel :
 Patel was born on 18 August 1940 in
Bombay (now Mumbai), Maharashtra.
 He belonged to a group of writers who
had subscribed themselves to the
Green Movement which was involved
in an effort to protect the environment.
7th November 2023
 His poems speak of deep concern for nature and expose man's cruelty to it. His
notable poems include, How Do You Withstand (1966), Body (1976), Mirrored
Mirroring (1991) and On Killing a tree.
 He also wrote three plays, titled Princes (1971), Savaksa (1982) and Mr. Behram
(1987)
IMPORTANT DAYS
Infant Protection Day: 7th November
 Infant Protection Day 2023 is
observed on the 7th of November
2023.
Infant Protection Day History
 Infant protection is a very important
task.
 The first three months are the crucial
period for Infants. It develops certain
skills like Hearing, Communication, and
Vision.
 So it is important to protect them from Air-borne Infections. Continuous Mother feeding
and a healthy environment are essential for their Immune System Development which
protects them from Infectious diseases.
 Infants should be vaccinated as per the Vaccination Chart to prevent them from deadly
infectious diseases. In 1990 nearly 5 million infants died due to a lack of
awareness of protecting Infants.
 So in the early 1900s, many Countries decided that steps should be taken for better
child health care and to reduce the Infant Mortality Rate (IMR).
 Europe first started a campaign to improve child health care. Europe Countries
established Infant Protection Day in order to create awareness among the people
about Child Care Services and to reduce the Infant Mortality Rate (IMR).
 The Infant Mortality Rate has decreased from 100 to 10 deaths per 1000 births
because of the awareness created by this day.
 Later America joined in this and started to celebrate Infant Protection Day to create
awareness among the People.
National Cancer Awareness Day: 7th November

 National Cancer Awareness Day 2023 is observed
on the 7th of November 2023.
National Cancer Awareness Day History
 The National Cancer Awareness Day celebration was
first announced by Dr.Harsh Vardhan, the Indian
Union Minister for Health and Family Welfare in
September 2014.
 A committee was formed in September 2014 and
decided National Cancer Awareness Day will be
celebrated on 7th November every year.
7th November 2023
 National Cancer Awareness Day is celebrated every year to create awareness about
the early detection of cancer and prevention methods.
 90 percent of the cancer is curable if it is detected earlier. So early detection is very
important.
 Dr. Harsha launched a state-level cancer control process that encourages early
detection and research to find a cancer cure.
 In 1975 National Cancer Control Programme was started to arrange treatment
facilities for cancer.
 In 1984-85 some changes were made in the National Cancer Control Programme to
make the Cancer treatment process more efficient and available to all.
Daily CA One- Liner: November 7

 The Reserve Bank of India (RBI) has imposed monetary penalties on several
financial institutions, including Punjab National Bank, Federal Bank, Mercedes-
Benz Financial Services India Private Ltd, and Kosamattam Finance Ltd, for non-
compliance with specific regulatory norms.
 The Reserve Bank of India’s (RBI) gold holdings, part of its foreign exchange
reserves, has reached near 800 tonnes level.
 AU Small Finance Bank (AU SFB), the largest small finance bank in India, has
partnered with ixigo, one of the leading travel platforms, to introduce a premium co-
branded credit card tailored for contemporary travellers.
 HDFC ERGO General Insurance has introduced Optima Secure, a health insurance
plan that offers 4 times the coverage without any additional cost, aiming to redefine
the value proposition of health insurance.
 Finance Minister Smt Nirmala Sitharaman inaugurated a branch of the State Bank
of India (SBI) in Trincomalee, Sri Lanka.
 The Union Minister for Consumer Affairs, Food and Public Distribution, Textiles and
Commerce and Industry, Shri Piyush Goyal flagged off 100 mobile vans for the
sale of wheat flour (Atta) under ‘Bharat’ brand, from Kartavya Path, New Delhi.
 The Central Government has banned 22 illegal betting apps including the
controversial Mahadev Book.
 The Ministry of Electronics and Information Technology (MEITY) launched the
pan-India startup initiative Launchpad for Tech-Entrepreneurs towards
Accelerated Growth and Pioneering in New Delhi.
 To boost exports of agricultural products to the Gulf Cooperation Countries (GCCs),
the Agricultural and Processed Food Products Export Development Authority
(APEDA), Ministry of Commerce, Government of India, has signed a Memorandum of
Understanding (MoU) with global retail major Lulu Hypermarket LLC.
 The Food Safety and Standards Authority of India (FSSAI) released the State
Food Safety Index (SFSI) for 2023
 The International Solar Alliance's Global Solar Facility is set to receive a capital
contribution of $35 million.
 The National Skill Development Corporation (NSDC), operating under the Ministry
of Skill Development & Entrepreneurship (MSDE), has partnered with Coca-Cola
India to launch the Super Power Retailer Program.
7th November 2023
 The government has granted approval for the extension of the tenure of Managing
Directors (MDs) of two public sector banks, the Bank of Maharashtra (BoM) and the
Central Bank of India.
 Rado, the iconic Swiss watchmaker renowned for its innovation in materials to create
timeless designs, is delighted to announce Bollywood superstar Katrina Kaif as its
Global Brand Ambassador.
 Renowned playwright, poet, painter, and thinker Gieve Patel passed away at the age
of 83 in Pune, Maharashtra.
 In Chess, R Vaishali drew her last-round game against Mongolia’s Batkhuyag
Munguntuul to win FIDE Women’s Grand Swiss 2023 at the Isle of Man in the UK.
 In Hockey, the Indian women’s team dethroned Japan to crown themselves Asian
Champions Trophy winners.
 Infant Protection Day 2023 is observed on the 7th of November 2023.
 National Cancer Awareness Day 2023 is observed on the 7th of November 2023.

Daily Current Affairs: 7 November 2023

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Daily Current Affairs

7th November 2023

BANKING & FINANCE

Reserve Bank of India's Gold Reserves Reach 800 Tonnes

HDFC ERGO General Insurance launches Optima Secure

Finance Minister Nirmala Sitharaman inaugurates State Bank of India's branch in

MEITY launches pan-India startup initiative Launchpad for Tech-Entrepreneurs in

APPOINTMENTS & RESIGNATIONS

Swiss Watchmaker Rado Announces Bollywood Superstar Katrina Kaif as Brand

MOUS AND AGREEMENT

consumers in the destination country. Further feedback from consumers will be

RANKING AND INDEX

National Cancer Awareness Day: 7th November

Daily CA One- Liner: November 7

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