National News
India to welcome President of Indonesia on Republic Day 2025
New Delhi is considering inviting The newly elected President of Indonesia, Prabowo Subianto, In form of Chief Guest of its Republic Day 2025 celebrations, According to sources. This potential invitation underlines the growing partnership between India and Indonesia, With plans for high-level meetings, defense cooperation and possibly the participation of the Indonesian military in the Republic Day parade.
NSE launches multilingual mobile app and website
on the occasion of To celebrate Diwali and its 30th anniversary, National Stock Exchange of India (NSE) has started it official mobile app, NSEIndia, and expanded its corporate website to support Total 12 languages. The 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
India has unveiled its updated National Biodiversity Strategy and Action Plan (NBSAP).) during 16th United Nations Convention on Biological Diversity In Cali, ColombiaCommitted to protecting at least 30% of its terrestrial, inland waters and coastal marine areas by 2030. This ambitious target is in line with this. Kunming-Montreal Global Biodiversity Framework (KM-GBF), Adopted at the last conference in 2022, aimed at global security 30% land and ocean area Restoring degraded ecosystems is important to provide clean water and air.
economy news
Canara Bank targets recovery of ₹6,000 crore in H2FY25
State-owned Canara Bank is setting a significant target for loan recovery, aiming to recover approx ₹6,000 crore from bad debts Second half of the current financial year (H2 FY25). This strategic goal reflects the Bank’s ongoing efforts to improve asset quality while building on its recent financial performance.
banking news
SEBI proposes reforms to enhance flexibility and security for REITs and InvITs
Securities and Exchange Board of India (SEBI) have introduced a series of proposed changes to Real Estate Investment Trust (REIT), Infrastructure Investment Trusts (InvITs), and small and Medium REIT (SM REIT) Its objective is to increase market flexibility and investor protection. This is in line with SEBI’s ongoing efforts to strengthen governance, reduce financial risk and improve operational efficiency in these investment structures.
SEBI’s new securitization rules: Key investor protection measures
Securities and Exchange Board of India (SEBI) Proposed significant changes to the securitization framework to strengthen investor protection and streamline regulatory requirements. The proposal includes minimum investment limits, limits on investor participation, mandatory dematerialization and liquidity safeguards. Public feedback is invited by November 16, 2024, as SEBI aims to build on its 2008 framework and the Reserve Bank of India’s (RBI) 2021 securitization guidelines.
SBI Mutual Fund crosses ₹10 lakh crore AUM, leading the industry
SBI Mutual Fund (SBI MF) It has come into limelight by becoming the first fund house in India to cross Rs. The figure of ₹10 lakh crore. In assets under management (AUM), reaching ₹10.99 lakh crore. Significant growth in September quarter ₹9.88 lakh crore in June. This achievement puts SBI MF ahead of its nearest competitors, ICICI Mutual Fund and HDFC Mutual Fund AUM of ₹8.41 lakh crore and ₹7.47 lakh crore respectively.
state news
Karnataka adopts Bali Padyami festival
Karnataka is celebrating Bali Padyami Festival (Bali Pratipada) marking the fourth day of Diwali. This festival commemorates the return of the demon king, Bali Chakravarthy from Pathala Loka to Bhooloka, a journey made possible by a boon given by Lord Vishnu during his Vamana incarnation.
appointment news
Itaru Otani appointed as President of India Yamaha Motor
india yamaha motoR has appointed Itaru Otani With its new chairmanship, a significant step was taken aimed at enhancing the company’s presence in India’s dynamic two-wheeler market. With more than 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 JapanHis appointment signals a strategic shift to align Yamaha’s offerings with the evolving preferences of Indian consumers, focusing on innovative and stylish products that meet local demands.
summits and conferences
ILO’s 352nd Governing Body Meeting begins in Geneva
352nd Governing Body Meeting of International Labor Organization (ILO) currently happening genevaThis important gathering began on 28 October and will run until 7 November, bringing together representatives from member countries to discuss key labor issues and strategies to improve working conditions globally.
Science and Technology News
ISRO launches unprecedented analog space mission in Leh
ISRO announced its launch Analog space mission in Leh, Ladakh. This innovative mission aims to simulate life in an interplanetary habitat, while 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 endeavours.
Rank and report
India’s position among leading countries in global AI preparedness
Artificial Intelligence (AI) Revolutionizing the global economy, reshaping labor markets, industries and social mobility. This change brings complex challenges as well as vast opportunities. The global AI market is expected to grow strongly, according to Grand View Research forecast Compound annual growth rate (CAGR) of 36.6% from 2024 to 2030, The growing role of AI in various sectors was highlighted.
Significant increase in Himalayan glacial lakes 10.81% increase from 2011 to 2024
A recent government report shows that the Himalayan region has glacial lakes and water bodies The area has increased by 10.81% from 2011 to 2024, Mainly driven by climate change. This expansion raises concerns about the increased risk of glacial lake outburst floods (GLOFs). India has seen an even more significant increase in lakes, with surface area increasing by 33.7%, PTI reported from the Central Water Commission (CWC).
miscellaneous news
Collins Dictionary names “brat” the word of the year for 2024
Reflecting evolving social attitudes and the influence of pop culture, Collins Dictionary announced “Children” It has been chosen as the word of the year for 2024. The term, redefined by British singer Charli XCX and popularized through her album of the same name, has come to represent a. “Confident, independent and hedonistic attitude.” Originally used to describe an abused child, “kid” now symbolizes a culturally resonant sense of self-expression and rebellion that resonates globally with remarkable support. US presidential candidate Kamala Harris.
important days
Celebrating 50 years of Coal India’s foundation day
Coal India Limited (CIL) celebrated its 50th Foundation Day on 1 November, marking an important milestone as it enters its Golden Jubilee Year. The day began with a respectful tribute at the Coal Martyrs Memorial, where CIL Chairman PM Prasad along with the Functional Directors and Chief Vigilance Officer honored the contributions and sacrifices of the coal industry workers over the decades.
