National News
India May Welcome Indonesia’s President on Republic Day 2025
1. Who is being considered as the chief guest for India’s Republic Day 2025 celebrations? answer: Prabowo Subianto
2. What does the potential invitation of Indonesia’s President signify? answer: Growing partnership between India and Indonesia
NSE Launches Multilingual Mobile App and Website
3. What is the name of the official mobile app launched by NSE? answer: NSEIndia
4. How many languages does the expanded NSE corporate website support? answer: 12 languages
India Commits to 30% Protected Areas in Updated Biodiversity Plan
5. What percentage of its areas has India committed to protect by 2030 in its updated biodiversity plan? answer: 30%
6. Which global framework does India’s updated biodiversity plan align with? answer: Kunming-Montreal Global Biodiversity Framework (KM-GBF)
Economy News
Canara Bank Aims for ₹6,000 Crore Recovery in H2 FY25
7. How much does Canara Bank aim to recover from bad loans in H2 FY25? answer: ₹6,000 crore
8. What is the primary goal of Canara Bank’s recovery target? answer: Improve asset quality
Banking News
SEBI Proposes Reforms to Enhance Flexibility and Protection for REITs and InvITs
9. What is the aim of SEBI’s proposed changes for REITs and InvITs? answer: Enhance market flexibility and investor protection
10. Which types of investment structures are targeted by SEBI’s proposed reforms? answer: Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and Small and Medium REITs (SM REITs)
SEBI’s New Securitisation Rules: Key Investor Safeguards
11. What is one of the key proposals in SEBI’s new securitisation rules? answer: Minimum investment threshold
12. Until when is public feedback invited for SEBI’s proposed securitisation rules? answer: November 16, 2024
SBI Mutual Fund Surpasses ₹10 Lakh Crore AUM, Leading the Industry
13. Which fund house became the first in India to surpass ₹10 lakh crore in AUM? answer: SBI Mutual Fund (SBI MF)
14. What was SBI MF’s AUM in the September quarter? answer: ₹10.99 lakh crore
State News
Karnataka Embraces Bali Padyami Festival
15. What festival is Karnataka celebrating on the fourth day of Deepavali? answer: Bali Padyami (Bali Pratipada)
16. Who is commemorated during the Bali Padyami festival? answer: Asura king, Bali Chakravarty
Appointments News
Itaru Otani Appointed as Chairman of India Yamaha Motor
17. Who has been appointed as the new Chairman of India Yamaha Motor? answer: Itaru Otani
18. How many years of experience does Itaru Otani have at Yamaha Motor Company? answer: Over 30 years
Summits & Conferences
ILO’s 352nd Governing Body Meeting Kicks Off in Geneva
19. Where is the 352nd Governing Body meeting of the ILO taking place? answer: Geneva
20. When did the 352nd Governing Body meeting of the ILO begin? answer: October 28
Science & Technology News
ISRO Begins Groundbreaking Analogue Space Mission in Leh
21. Where has ISRO launched its analogue space mission? answer: Leh, Ladakh
22. What is the aim of ISRO’s analogue space mission? answer: Simulate life in an interplanetary habitat
Ranks & Reports
Global AI Preparedness: India’s Position Among Leading Nations
23. What is the expected CAGR of the global AI market from 2024 to 2030? answer: 36.6%
24. Which research firm provided the forecast for the global AI market? answer: Grand View Research
Significant Rise: Himalayan Glacial Lakes Increase 10.81% from 2011 to 2024
25. By what percentage have Himalayan glacial lakes increased in area from 2011 to 2024? answer: 10.81%
26. Which organization provided the report on the increase in Himalayan glacial lakes? answer: Central Water Commission (CWC)
Miscellaneous News
Collins Dictionary Names “Brat” 2024 Word of the Year
27. What is the Collins Dictionary’s Word of the Year for 2024? answer: Brat
28. Which British singer redefined the word “brat”? answer: Charli XCX
Important Days
Celebrating 50 Years: Coal India’s Foundation Day
29. When did Coal India Limited celebrate its 50th Foundation Day? answer: November 1
30. Who is the Chairman of Coal India Limited? answer: PM Prasad
Daily Current Affairs 04th November 2024
National News
India May Welcome Indonesia’s President on Republic Day 2025
New Delhi is considering inviting Indonesia’s newly elected President, Prabowo Subianto, as the chief guest for the Republic Day 2025 celebrations. This potential invitation highlights the strengthening partnership between India and Indonesia, with plans for high-level meetings, defense cooperation, and possibly even the participation of the Indonesian military in the Republic Day parade.
NSE Launches Multilingual Mobile App and Website
To celebrate Diwali and its 30th anniversary, the National Stock Exchange of India (NSE) has launched its official mobile app, NSEIndia, and expanded its corporate website to support 12 languages. This initiative aims to create a more inclusive financial ecosystem for millions of investors across India, allowing them to access market information in their preferred regional languages.
India Commits to 30% Protected Areas in Updated Biodiversity Plan
During the 16th UN Biodiversity Conference in Cali, Colombia, India unveiled its updated National Biodiversity Strategy and Action Plan (NBSAP), committing to protect at least 30% of its terrestrial, inland water, and coastal marine areas by 2030. This ambitious target aligns with the Kunming-Montreal Global Biodiversity Framework (KM-GBF), which aims for global protection of 30% of land and ocean areas while restoring degraded ecosystems crucial for providing clean water and air.
Economy News
Canara Bank Aims for ₹6,000 Crore Recovery in H2 FY25
State-owned Canara Bank is targeting a significant loan recovery, aiming to recoup approximately ₹6,000 crore from bad loans in the second half of the current fiscal year (H2 FY25). This strategic goal reflects the bank’s ongoing efforts to improve asset quality and build on its recent financial performance.
Banking News
SEBI Proposes Reforms to Enhance Flexibility and Protection for REITs and InvITs
The Securities and Exchange Board of India (SEBI) has introduced a range of proposed changes for Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and Small and Medium REITs (SM REITs). These changes aim to enhance market flexibility and investor protection, aligning with SEBI’s ongoing efforts to strengthen governance, reduce financial risk, and improve operational efficiency in these investment structures.
SEBI’s New Securitisation Rules: Key Investor Safeguards
SEBI has proposed significant changes to the securitisation framework to bolster investor protection and streamline regulatory requirements. The proposal includes a minimum investment threshold, limitations on investor participation, mandatory dematerialisation, and liquidity safeguards. Public feedback is invited until November 16, 2024, as SEBI aims to build on its 2008 framework and the Reserve Bank of India’s (RBI) 2021 securitisation guidelines.
SBI Mutual Fund Surpasses ₹10 Lakh Crore AUM, Leading the Industry
SBI Mutual Fund (SBI MF) has become the first fund house in India to surpass the ₹10 lakh crore mark in assets under management (AUM), reaching ₹10.99 lakh crore in the September quarter, up from ₹9.88 lakh crore in June. This achievement places SBI MF ahead of its closest competitors, ICICI Mutual Fund and HDFC Mutual Fund, which have AUMs of ₹8.41 lakh crore and ₹7.47 lakh crore, respectively.
State News
Karnataka Embraces Bali Padyami Festival
Karnataka is celebrating the Bali Padyami festival (Bali Pratipada) on the fourth day of Deepavali. This festival commemorates the return of the Asura king, Bali Chakravarty, from Pathala Loka to Bhuloka, a journey made possible by the boon granted to him by Lord Vishnu during his Vamana Avatar.
Appointments News
Itaru Otani Appointed as Chairman of India Yamaha Motor
India Yamaha Motor has appointed Itaru Otani as its new Chairman, aiming to enhance the company’s presence in India’s dynamic two-wheeler market. With over 30 years of experience at Yamaha Motor Company, Otani brings a wealth of expertise from leadership positions in diverse global markets, including Australia, Brazil, and Japan. His appointment signals a strategic shift to align Yamaha’s offerings with the evolving preferences of Indian consumers, focusing on innovative and stylish products that cater to local demands.
Summits & Conferences
ILO’s 352nd Governing Body Meeting Kicks Off in Geneva
The 352nd Governing Body meeting of the International Labour Organisation (ILO) is currently taking place in Geneva. This important gathering began on October 28 and will run until November 7, bringing together representatives from member countries to discuss key labor issues and strategies for improving working conditions globally.
Science & Technology News
ISRO Begins Groundbreaking Analogue Space Mission in Leh
ISRO has launched its analogue space mission in Leh, Ladakh. This innovative mission aims to simulate life in an interplanetary habitat, addressing the challenges associated with establishing a base station beyond Earth. Through this initiative, ISRO seeks to gather insights and prepare for future space exploration endeavors.
Ranks & Reports
Global AI Preparedness: India’s Position Among Leading Nations
Artificial intelligence (AI) is revolutionizing the global economy, reshaping labor markets, industries, and societal dynamics. This transformation brings vast opportunities along with complex challenges. According to a forecast by Grand View Research, the global AI market is expected to grow at a robust compound annual growth rate (CAGR) of 36.6% from 2024 to 2030, highlighting AI’s expanding role in various sectors.
Significant Rise: Himalayan Glacial Lakes Increase 10.81% from 2011 to 2024
A recent government report indicates that glacial lakes and water bodies in the Himalayan region have experienced a 10.81% increase in area from 2011 to 2024, primarily driven by climate change. This expansion raises concerns about the heightened risk of glacial lake outburst floods (GLOFs). The report, accessed by PTI from the Central Water Commission (CWC), highlights that lakes in India have seen an even more significant growth, with a surface area increase of 33.7%.
Miscellaneous News
Collins Dictionary Names “Brat” 2024 Word of the Year
Reflecting evolving social attitudes and pop culture influences, Collins Dictionary has announced “brat” as its Word of the Year for 2024. The word, redefined by British singer Charli XCX and popularized through her album of the same name, now represents a “confident, independent, and hedonistic attitude.” Originally used to describe a misbehaving child, “brat” now embodies a culturally resonant spirit of self-expression and rebellion that resonates globally, with notable support from US presidential candidate Kamala Harris.
Important Days
Celebrating 50 Years: Coal India’s Foundation Day
Coal India Limited (CIL) celebrated its 50th Foundation Day on November 1, marking a significant milestone as it entered its golden jubilee year. The day began with a respectful tribute at the Coal Martyrs’ Memorial, where CIL’s Chairman PM Prasad, along with Functional Directors and the Chief Vigilance Officer, honored the contributions and sacrifices of coal industry workers throughout the decades.
