Current Affairs – November 16 2023

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Current Affairs – November 16 2023

1. National Press Day 2023 Observed On 16 November

National Press Day, observed on November 16 every year in India, holds significance in acknowledging the vital role of a free and responsible press in a democratic society.

The day commemorates the establishment of the Press Council of India (PCI), which acts as a regulatory body for the news media in the country. It serves as a reminder of the crucial contribution of the press to the democratic fabric of India.

National Press Day serves as a crucial occasion to reflect on the role of the press in a democratic society and to appreciate the efforts of journalists in upholding journalistic values.

As India celebrates this day, it reaffirms its commitment to a free, responsible, and ethical press, emphasizing its integral role in preserving the democratic ethos of the nation.

2. Freedom Fighter And Communist Leader N Sankaraiah Passed Away At The Age Of 102

N Sankaraiah, one of the oldest communist leaders in the country, passed away in a Chennai hospital after a brief illness on Wednesday morning.

At the age of 102, he dedicated his life to the principles of communism and the struggle for a just society. Leaders of the Communist Party of India (Marxist) confirmed his demise, marking the end of an era.

Kerala Chief Minister Pinarayi Vijayan acknowledged Sankaraiah as a guiding force of the country’s communist movement and a perennial source of inspiration.

3. RBI Directs Bajaj Finance to Halt Loans for ‘eCOM’ and ‘Insta EMI’ Products

In a significant move, the Reserve Bank of India (RBI) issued a directive on November 15, instructing Bajaj Finance to cease the sanction and disbursal of loans under two of its lending products, namely ‘eCOM’ and ‘Insta EMI Card.’

This immediate action stems from the company’s non-adherence to the existing provisions outlined in the Digital Lending Guidelines of the Reserve Bank of India.

4. IndusInd Bank Pioneers as First Live Financial Information Provider under RBI’s Account Aggregator Framework

In a groundbreaking move, IndusInd Bank has achieved the significant milestone of becoming the inaugural bank to go live as a ‘Financial Information Provider’ (FIP) under the recently introduced ‘Account Aggregator Framework’ by the Reserve Bank of India (RBI).

IndusInd Bank’s live integration as an FIP marks a revolutionary stride in customer empowerment through technological innovation.

5. Pakistan-Based Startup She-Guard Wins Top Climate Innovation Competition

In a groundbreaking achievement, Pakistan-based cleantech startup She-Guard emerged victorious at the ‘ClimateLaunchpad Asia-Pacific finals, showcasing their innovative biodegradable and plastic-free sanitary product.

The startup’s mission is to transform banana crop waste into affordable, eco-friendly sanitary napkins, addressing the interconnected challenges of climate change, public health, and solid waste management in Pakistan.

6. Salman Rushdie Honored With First ‘Lifetime Disturbing the Peace Award’

World-renowned author Salman Rushdie, celebrated for groundbreaking works like ‘The Satanic Verses,’ received the inaugural ‘Lifetime Disturbing the Peace Award‘ from the Vaclav Havel Center. Simultaneously, Egyptian activist Alaa Abdel-Fattah was honored with the ‘Disturbing the Peace Award for a Courageous Writer at Risk’ during a ceremony held on November 14.

Rushdie’s presence at the event was unexpected, with only a handful of the 100 attendees aware of his attendance. Having recently received the Peace Prize of the German Book Trade, Rushdie humorously pondered on which side of “the fence” this new accolade placed him. Recently, Rushdie unveiled the publication of his latest book titled ‘Knife: Meditations After an Attempted Murder.

7. Suresh Wadkar named for Maharashtra’s ‘Lata Mangeshkar Award 2023’

The Maharashtra government has chosen the esteemed playback singer and National Award winner, Suresh Ishwar Wadkar, as the recipient of the prestigious ‘Gansamragini Lata Mangeshkar Award for 2023.

The announcement was made by Cultural Affairs Minister Sudhir Mungantiwar, recognizing Wadkar’s remarkable contribution to the world of music.

Suresh Wadkar’s selection for the ‘Gansamragini Lata Mangeshkar Award’ is a testament to his exceptional contribution to the music industry. The award not only recognizes his achievements but also underscores the rich cultural heritage and talent within Maharashtra.

The ceremony, yet to take place, will celebrate the achievements of these artists who have left an indelible mark on the cultural tapestry of the state.

 


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