Daily Current Affairs 05th November 2024, Important News Headlines (Daily GK Update)

National News

EAM Jaishankar Inaugurates India’s New Consulate in Brisbane

India’s new consulate in Brisbane was inaugurated on 4th of November, 2024 by External Affairs Minister S. Jaishankar, marking a milestone in strengthening India-Australia relations. Jaishankar highlighted the recent transformation in bilateral ties, driven by initiatives like a trade agreement that has opened up significant opportunities for both countries.

International News

Kemi Badenoch: A Historic Rise as Conservative Party Leader and UK Opposition Chief

Kemi Badenoch, 44, made history on November 2 as the first Black woman to lead the UK’s Conservative Party, succeeding Rishi Sunak, Britain’s first British Indian party leader. Following Sunak’s resignation after the Conservatives’ electoral defeat in July, Badenoch won the leadership race, defeating former minister Robert Jenrick by securing 53,806 votes out of a turnout of 72.8% among Conservative Party members.

US Election Results 2024: Date, Time and Parties Name

The United States is gearing up for one of the most significant political events of the decade: the 2024 presidential election. Set to take place on Tuesday, November 5, 2024, this high-stakes election has already drawn worldwide attention as Americans prepare to cast their votes for the country’s next leader. This election will be a contest between two influential figures: Vice President Kamala Harris and former President Donald Trump. Both campaigns have intensified, particularly in critical battleground states, making this election one of the most anticipated political events globally.

Appointments News

Wriddhiman Saha Announces Retirement from All Forms of Cricket

Indian wicketkeeper-batter Wriddhiman Saha has officially announced his retirement from all formats of cricket, marking the end of an illustrious career that spanned nearly two decades. Saha shared the news via a social media post on Sunday (November), revealing that the ongoing Ranji Trophy season would be his last. Known for his exceptional wicketkeeping skills and steady presence with the bat, Saha has been a prominent figure in Indian cricket, especially in the Test arena.

FSIB Recommends Rahul Bhave as New MD & CEO of IFCI

In a significant development for the financial sector, the Financial Services Institutions Bureau (FSIB) has recommended Rahul Bhave, currently the Deputy Managing Director of IFCI Ltd, for the position of Managing Director (MD) and CEO. This recommendation comes after FSIB evaluated four candidates, taking into account their performance, overall experience, and established criteria.

Banking News

Punjab & Sind Bank Launches e-Bank Guarantee Facility with NeSL

Punjab & Sind Bank (PSB) has announced the launch of its e-Bank Guarantee (e-BG) facility in collaboration with National e-Governance Services Ltd (NeSL). This innovative service modernizes the traditional bank guarantee process, transitioning from paper-based issuance requiring physical stamping and signatures to a fully digital format utilizing e-stamping and e-signatures.

Business News

NTPC and ONGC Drive India’s Green Energy Future with New Joint Venture

NTPC Limited and Oil and Natural Gas Corporation (ONGC), two Maharatna public sector giants, have officially launched a 50:50 Joint Venture Company (JVC) through their green energy subsidiaries – NTPC Green Energy Ltd. (NGEL) and ONGC Green Energy Ltd. (OGL). This collaboration, formalized after receiving approvals from DIPAM and NITI Aayog, marks a significant step in accelerating India’s renewable and new energy goals. The companies have now applied to the Ministry of Corporate Affairs to establish the JVC, following the signing of their joint agreement during India Energy Week in February 2024.

BEML Recognized with ‘Self-Certification’ Honor

BEML Limited has been awarded the prestigious “Self-Certification” status for its defense equipment by the Department of Defence Production (DDP) of the Government of India. The certification was presented by RA Govardhana, ADGQA (V&EE), HQ DQAV, to Shantanu Roy, the Chairman and Managing Director of BEML Ltd., during a special event held at the company’s headquarters.

Agreements News

CDS Gen Chauhan Signs Key Defense Pact with Algeria

India and Algeria have formalized their commitment to strengthening bilateral defense ties with the signing of a Memorandum of Understanding (MoU) on defense cooperation. The agreement was signed by Chief of Defence Staff (CDS) General Anil Chauhan and Said Chanegriha, the Chief of Staff of the Algerian People’s National Army. This significant development occurred during Gen. Chauhan’s official visit to Algeria from October 31 to November 3.

Cairn Joins UNEP’s OGMP 2.0 as India’s First Oil & Gas Pioneer

Cairn Oil & Gas, a part of Vedanta Group, has become the first oil and gas producer in India to join the United Nations Environment Programme’s Oil & Gas Methane Partnership (OGMP) 2.0. By signing this agreement, Cairn committed to reducing methane emissions effectively, marking a significant step towards environmental sustainability in the oil and gas sector.

Defence News

India-Vietnam Joint Military Exercise Begins in Ambala

The 5th edition of the Vietnam-India Bilateral Army Exercise, “VINBAX 2024,” began on Monday at Ambala. Scheduled from November 4 to 23, the exercise will take place at both Ambala and Chandimandir, aiming to strengthen military cooperation and interoperability between the two nations.

State News

Uttar Pradesh Boosts Veterinary Services with New Policy

The Uttar Pradesh government has announced a new policy to enhance veterinary services by introducing diploma and certificate courses in animal husbandry and para-veterinary medicine. This decision, taken during a cabinet meeting chaired by Chief Minister Yogi Adityanath, aims to address the shortage of veterinarians in the state, where only 8,193 are available compared to the national total of about 34,500. By training more para-veterinarians, the government seeks to empower rural communities with essential animal health services, addressing the challenges posed by the current lack of resources and adequate training.

Sports News

Indian Boxers Shine at U-19 World Boxing Championships with 17 Medals

Parthavi Grewal, Vanshika Goswami, and Hemant Sangwan showcased their exceptional talent by securing gold medals as Indian boxers made a remarkable impact at the inaugural U19 World Championships organized by World Boxing in Colorado, USA. The Indian contingent delivered an impressive performance, culminating in a total of 17 medals.

Summits & Conferences

India Secures ISA Presidency Again, Ashish Khanna New Director General

India and France have been re-elected as the president and co-president of the International Solar Alliance (ISA), respectively, at the seventh ISA assembly held in New Delhi. During the inaugural day of the assembly, Union Minister for New and Renewable Energy Pralhad Joshi announced that India would continue to hold the presidency until 2026.

Ranks & Reports

Henley Passport Index 2024, Where does India stand?

In the latest Henley Passport Index released in October 2024, Singapore has once again emerged as the world’s most powerful passport. This accolade reflects the country’s robust global standing and extensive diplomatic relations, granting its citizens visa-free access to an impressive 195 countries. This article delves into the rankings, the methodology behind them, and a comparison with other nations, highlighting the implications for global travel.