Current Affairs

16^th November 2022

Top 14 Daily Current Affairs: National & International News

Here is the Daily Current Affairs of the 16th November 2022 covering the following news headlines: National Newborn Week, National Press Day, International Day for Tolerance, PRCI Excellence Awards 2022, MS Dhoni.

International News

1.Jeff Bezos Amazon Company Becomes the First Company in History to Lose $1 trillion Market Cap

Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the stock this year.

Shares in the e-commerce and cloud company fell 4.3%, pushing its market value to about $879 billion from a record close at $1.88 trillion on July 2021. The stock has lost around 48% of its value this year alone, and is a far cry from July 2021 when the company’s market cap almost touched $1.9 trillion.

Amazon’s market value fell below the $1 trillion mark on November 1, days after the company posted mixed third-quarter earnings and projected the company’s slowest fourth-quarter growth ever.

Appointments News

2.Navi Technologies named MS Dhoni as brand ambassador

Navi Technologies Ltd which sells financial products like personal loans, home loans, and general insurance etc., has appointed Mahendra Singh Dhoni as its brand ambassador. Dhoni will be the face of the company’s branding initiatives.

The association with the former team India captain strengthens the brand’s trustworthiness as it works to fulfill customer goals by providing simple, affordable, and easily accessible financial services across India.

The company has launched its first digital advertisement with the cricketer on Hotstar. The goal of this campaign is to promote its financial services by dismantling the old and conventional ways of this sector.

The campaign will initially run-on social media platforms like Facebook, Instagram, and YouTube before moving on to print and out-of-home (OOH) advertising in the second phase.

3.WhatsApp India head Abhijit Bose step down

WhatsApp India head Abhijit Bose and Meta India’s director of public policy Rajiv Aggarwal have left the company, less than two weeks after the departure of Meta India’s country head Ajit Mohan.

These developments come against the backdrop of Facebook’s parent company laying off 11,000 people worldwide on November 9. With over 400 million users, India is the largest market for the Meta-owned messaging app. November 1 that the app is on track to generate $1 billion in revenue in India by next year.

Banking News

4.GoI nominates Vivek Joshi as Director on RBI’s central board

The Reserve Bank of India (RBI) has announced that the government has nominated Vivek Joshi to its director on central board. Joshi who is the secretary of the Department of Financial Services, will hold the position of Director at RBI.

The nomination has come into effect from November 15, 2022, until further orders. The central government has nominated Vivek Joshi, Secretary, Department of Financial Services, Ministry of Finance, Government of India as a Director on the Central Board of Reserve Bank of India vice Sanjay Malhotra.

Important takeaways for all competitive exams:

Reserve Bank of India Founded: 1 April 1935, Kolkata;

Reserve Bank of India Governor: Shaktikanta Das;

Reserve Bank of India HQ:  Mumbai.

Summits and Conferences News

5.India Hosts LeadIT Summit with Sweden at COP27 in Egypt

India and Sweden hosted the LeadIT Summit, on the sidelines of COP27 at Sharm El Sheikh in Egypt. The Leadership for Industry Transition- LeadIT initiative focuses on low carbon transition of the hard to abate industrial sector.

Minister of Environment, Forest and Climate Change Bhupender Yadav emphasised that co-development is the only option to meet the targets that the world has taken for itself and without it, low carbon transition could be delayed by decades. He said, the low carbon transition of the industrial sector will not only contribute towards the reduction in required greenhouse gas emissions.

6.“In Our LiFEtime” Campaign Launched by India at COP 27

National Museum of Natural History (NMNH), under the Ministry of Environment Forest and Climate Change and United Nations Development Programme (UNDP), jointly launched “In Our LiFEtime” campaign.

This campaign envisions to recognize youth between the ages of 18 to 23 years to become message bearers of sustainable lifestyles.

The campaign gives a global call for ideas from youth across the world who are passionate about living environment conscious lives. The youth will be encouraged to submit their climate actions that contribute to lifestyles for the environment within their capacity, which are sustainable and scalable, and serve as good practices that can be shared globally.

Awards News

7.NMDC Sweeps PRCI Excellence Awards 2022

National Mineral Development Corporation (NMDC) bagged the Champion of Champions Award, sweeping the 16th PRCI Global Communication Conclave 2022, to bring home fourteen Corporate Communication Excellence Awards. The awards were presented at the Global Communication Conclave organised by Public Relations Council of India (PRCI) in Kolkata.

NMDC won Gold awards for Most Resilient Company of the Year; Internal Communication Campaign, Corporate Brochure; Best PSE Implementing CSR.

It won Silver Awards in the categories of Best Use of CSR for Childcare; Corporate Community Impact; Best Corporate Event; Unique HR Initiatives; Annual Report; Arts, Culture & Sports Campaign

It also won Bronze Awards for Visionary Leadership; Website of the Year; Innovative Environmental Program and Consolation Award for Best Use of Social Media.

Sports News

8.BCCI prepares to Send SOS to MS Dhoni for a BIG ROLE with Indian T20 Set-Up

According to the sources, after repeated failures at the ICC events, the Indian cricket board is set to knock the doors of the person who conquered the World events at will. After T20 World Cup debacle in Australia, the BCCI is set to send an SOS to Mahendra Singh Dhoni for a large role with the Indian T20 Cricket set-up. According to the sources in BCCI, board is deliberating to call on Dhoni for a permanent with the Indian cricket.

BCCI feels the load to manage 3 formats is proving to be too demanding for HEAD COACH Rahul Dravid. This is the reason, BCCI is deliberating to split the coaching roles. The board is interested in involving Dhoni in T20 FORMAT & use his skills to uplift the standard of Indian Cricket team.

9.Gagan Narang, Mary Kom, PV Sindhu & Mirabai elected as IOA Athletes Commission member

Olympic medallists MC Mary Kom, PV Sindhu, Mirabai Chanu and Gagan Narang were among 10 eminent sportspersons elected as members of the Indian Olympic Association (IOA) Athletes Commission. All the 10 elected members of the apex body, five men and as many women, won unopposed in the polls.

Under the new constitution of the Indian Olympic Association which was adopted on November 10, the athletes commission is to have equal representation of male and female members.

Important takeaways for all competitive exams:

Indian Olympic Association Founded: 1927;

Indian Olympic Association Headquarters: New Delhi;

Indian Olympic Association President: Adille Sumariwalla;

Indian Olympic Association Secretary General: Rajeev Mehta;

Indian Olympic Association Founders: Harry Buck, Arthur Noehren.

Important Days

10.International Day for Tolerance observed on 16 November

International Day for Tolerance is observed on November 16 every year with an aim to build tolerance among diverse cultures and spread the message that tolerance is an integral part of society. The day is specifically recognized to educate people about the harmful consequences of intolerant society and its impact on the nation.

The UN General Assembly adopted Resolution 51/95 proclaiming November 16 as International Day for Tolerance back in 1996. The action followed the adoption of a Declaration of Principles on Tolerance by UNESCO’s Member States on the same day in 1995. In 1995, the UN paid tribute to Mahatma Gandhi on his 125th birth anniversary by kickstarting the commemoration of International Tolerance Day.

Important takeaways for all competitive exams:

UNESCO Headquarters: Paris, France;

UNESCO Founded: 16 November 1945, London, United Kingdom;

UNESCO Director-General: Audrey Azoulay.

11.National Press Day 2022 Observed On 16 November

National Press Day is observed on November 16 every year to acknowledge and honour the Press Council of India (PCI). The day marks the presence of an independent and responsible press in the country. The Press Council of India also examines the quality of reportage of the Indian press and keeps a check on journalistic activities.

In the year 1956, the First Press Commission decided to form a body with statutory authority which has the responsibility of maintaining the ethics of journalism. The Commission felt that a managing body was required in order to connect with the people of the press and also to arbitrate on any issues that arose.

In 1966 on 16 November, the PCI was formed. The National Press Day of India is since then celebrated on November 16 every year to commemorate the establishment of the council.

Important takeaways for all competitive exams:

Press Council of India Founder: Parliament of India;

Press Council of India Founded: 4 July 1966, India;

Press Council of India Headquarters: New Delhi;

Press Council of India Chairperson: Smt. Justice Ranjana Prakash Desai.

12.National Newborn Week 2022: 15 to 21 November

In India, National Newborn Week is celebrated every year from 15 to 21 November. This week aims to reinforce the importance of neonatal health as a priority area of the health sector and reduce infant mortality by improving health care conditions for infants in the neonatal period. The main purpose of celebrating this week is to raise awareness about the care of newborn babies.

The theme of this week is ‘Safety, Quality and Nurturing Care – Every Newborn’s Birth Right’. This year’s theme for NNW has been chosen to ensure reaching every newborn with quality and developmentally supportive health care services rendering safety and dignity at all service delivery platforms – Health Facilities, Community Outreach Sessions, and Homes etc.

Obituaries News

13.Telugu film superstar Krishna Garu passes away

Veteran actor Ghattamaneni Krishna, famous as Krishna Garu and known in the Telugu film industry as ‘superstar, passes away. He was 80 years old. He was the father of the Telugu film superstar Mahesh Babu. He starred in over 350 movies during his long career in the film industry. His first film was Thene Manasulu released in 1965. In 2009, he received the Padma Bhushan.

Miscellaneous News

14.Power System Operation Corporation Limited is now renamed as Controller of India Limited

India’s national grid operator ‘Power System Operation Corporation Ltd (POSOCO)’ has announced that it has changed its name to ‘Grid Controller of India Ltd’.

The name has been changed to reflect the critical role of grid operators in ensuring integrity, reliability, economy, resilience and sustainable operation of the Indian electricity grid. The change in name as ‘Grid Controller of India Ltd’ is a welcome step as it has unique position at the heart of India’s energy system connecting people to the energy they use.