Daily Current Affairs, 26th November 2021 - VISION

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Friday, November 26, 2021

Daily Current Affairs, 26th November 2021


1)  National Milk Day of India : Celebrated National Milk Day on 26 November 2021

•Every year November 26 is celebrated as National Milk Day in India. The day is being observed since 2014 to commemorate the birth anniversary of the Father of India’s White Revolution, Dr Verghese Kurien. He is also nicknamed as “Milkman of India”. To celebrate National Milk Day, the College of Dairy Science & Technology (CODST) and Guru Angad Dev Veterinary & Animal Sciences University (GADVASU) is organizing “Milk Adulteration Testing Camp” on 25 and 26 November 2021.

2)  Indian Constitution Day 2021 : Indian Constitution Day observed on 26 November

•In India, Constitution Day is observed every year on November 26 to mark the anniversary of the adoption of the Constitution of the country. In India, 26 November is celebrated as Constitution Day or Samvidhan Diwas. On this day in 1949, the constitution was adopted which came into force on January 26, 1950, marking the beginning of a new era in the history of India. The day aims to spread the importance of the constitution and to spread the thoughts and ideas of BR Ambedkar, the father of the Indian constitution.

3)  Nirmala Sitharaman launched Tejasvini & Hausala schemes

•Union Minister of Finance & Corporate Affairs, Nirmala Sitharaman has launched two schemes named ‘Tejasvini & Hausala schemes’ of J&K Bank for girls. Under 18-35 years of age to start their businesses and ‘Shikhar & Shikara’ schemes of Punjab National Bank (PNB) for development of tourism in Jammu and Kashmir (J&K).

4)  PM Modi lays foundation stone of International Airport at Jewar in UP

•Prime Minister Narendra Modi has laid the Foundation Stone of Noida International Airport at Jewar in Uttar Pradesh. The Jewar airport is the second international aerodrome in Delhi-National Capital Region (NCR). It is the fifth international airport in Uttar Pradesh. Uttar Pradesh has now become the state with the highest number of international airports in India.

5)  Centre releases new series of Wage Rate Index

•The Labour ministry has released the new series of wage rate index (WRI) with the base year being 2016. The government periodically revises the base year of WRI for key economic indicators in order to provide a clear picture of economic changes and record the wage pattern of workers. The new series of WRI with base 2016=100 will replace the old series with base 1963-65.

•According to the recommendations of the International Labour Organization and National Statistical Commission, the base year of WRI numbers has been revised from 1963-65 to 2016 by the Labour Bureau to enhance the coverage and to make the index more representative. The new WRI series has expanded the scope and coverage in terms of the number of industries, sample size, occupations under selected industries as well as weightage of industries among other indicators.

6)  Rajnath Singh virtually inaugurates 5th World Congress on Disaster Management

•The fifth edition of the World Congress on Disaster Management (WCDM) was virtually inaugurated by the Union Defence Minister, Rajnath Singh. The event has been organised at the Indian Institute of Technology (IIT) Delhi campus from November 24-27, 2021. The theme of the 5th WCDM is Technology, Finance and Capacity for Building Resilience to Disasters in the Contexts of Covid-19.

7)  Vice President represents India at 13th ASEM Summit Virtually

•The 13th edition of the ASEM (Asia-Europe Meeting) Summit has been organised on November 25 and 26, 2021. The Summit is being hosted by Cambodia as ASEM Chair. The theme of the two-day ASEM Summit is Strengthening Multilateralism for Shared Growth. The Indian delegation is being led by Vice President M. Venkaiah Naidu through the virtual platform.

8)  Cabinet approves extension of Pradhan Mantri Garib Kalyan Ann Yojana

•Union Cabinet chaired by Prime Minister Narendra Modi has approved the extension of Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) for another four months. The Phase V of the PMGKAY scheme will be operational from December 2021 till March 2022. Under the scheme, all the beneficiaries covered under the National Food Security Act (NFSA) receives food grains @ 5 kg per person per month.

9)  Moody’s Projects India’s GDP growth forecast in FY22 at 9.3%

•Moody’s Investors Service in its latest report has projected that the economic growth in India will rebound strongly. It has pegged GDP growth for the nation at 9.3% and 7.9% in FY22 and FY23, respectively. India recently hit record Covid-19 vaccination rates. Moody’s notes that the vaccination drive in India has gathered pace after the second wave.

•Around 30% of the population of India is now fully vaccinated with two doses while around 55% of the population has received at least one dose. Improved vaccination coverage has led to stabilisation in consumer confidence.

10)  ADB approves USD 1.5 bn loan to India for COVID-19 vaccine procurement

•Asian Development Bank (ADB) has approved a $1.5 billion loan (approx Rs 11,185 crore) to help the Government of India purchase safe and effective vaccines against the coronavirus (COVID-19). The fund will be used to procure at least 66.7 crore COVID-19 vaccine doses for an estimated 31.7 crore people of the country. The Asian Infrastructure Investment Bank is expected to co-finance an additional USD 500 million for the project.

•Beijing-based AIIB is a multilateral development bank focused on developing Asia. It has members from all over the world. It will support India’s National Deployment and Vaccination Plan which aims to fully vaccinate 94.47 crore people aged 18 years and above, accounting for 68.9 per cent of the population.