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Daily GK Current Affairs viable of 28 November 2021

Daily GK Current Affairs News viable of 28 November 2021. – Here is the Regular current affairs viable of 28 November 2021 covering the following news headlines: NITI Aayog’s Multi-dimensional Poverty Index, India’s first Cyber Tehsil, SBI For violating norms, ‘Dakshin Shakti’, Sahitya Akademi winning eminent Assamese Poet Sananta Tanty.

Daily Current Affairs update are incorporated with the important news that made the current affairs headlines for competitive exams. Daily Current Affairs Update is the complete box of the important news that held all day long. One should have complete knowledge about banking terms, current affairs news, etc.

So, here is the GK update of 28 November 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt current affairs quiz.

Here current affairs have been categorized which is as follows

  • National News
  • Defence News
  • Banking News
  • Obituaries News

National News

  1. Madhya Pradesh announces launch of India’s first Cyber Tehsil
  • The Madhya Pradesh cabinet has approved the proposal to create a cyber tehsil.
  • Madhya Pradesh will be the first state in India to have Cyber ​​Tehsil.
  • Cyber ​​Tehsil will ease the property mutation process and people can avail this system from anywhere in the state.
  • Similarly, through this service, the process of change in the cases of undisputed land will also become convenient.
  1. Bihar has highest level of multidimensional poverty while Kerala is least poor state: NITI Aayog’s Multi-dimensional Poverty Index
  • The government think tank Niti Aayog has released the first ever Multi-dimensional Poverty Index (MPI) to measure poverty at the national, State/UT, and district levels.
  • As per the inaugural index, Bihar has been adjudged as the state with highest level of multidimensional poverty. 51.91 percent of the state’s population are multidimensionally poor.
  • Jharkhand is at second position with 42.16 percent of the state population as multidimensionally poor. This is followed by Uttar Pradesh at 37.79 percent, Madhya Pradesh (36.65 per cent) and Meghalaya (32.67 per cent) in top five poorest states.
  • Meanwhile, Kerala (0.71 percent), Goa (3.76%), Sikkim (3.82%), Tamil Nadu (4.89%) and Punjab (5.59 %) are the top 5 lowest poverty state across India.
  • Kottayam in Kerala is the only district which registered zero poverty across the country as per the index.

Defence News

  1. Indian Armed Forces undertake military exercise ‘Dakshin Shakti’ in Jaisalmer
  • The Indian Army had organised the biggest military exercise called Dakshin Shakti in Rajasthan’s Jaisalmer from November 19 to 22, 2021.
  • Exercise Dakshin Shakti witnessed the participation of over 30,000 troops from the Army, Navy, IAF, Coast Guard, BSF and intelligence.
  • The drills were undertaken in the deserts of Thar to the Rann of Kutch.
  • The main objective of this exercise was to test the capability of the troops in the marshy and marine areas and to see how well the forces worked together and how well they connected.
  • The aim was also to establish the best coordination among armed forces, space technology and artificial intelligence.
  1. Indian Navy commissions 4th Scorpene-class submarine INS Vela at Naval Dockyard Mumbai

  • The Indian Navy formally commissioned the fourth Scorpene-class submarine INS Vela on November 25, 2021 at the Naval Dockyard in Mumbai.
  • INS Vela is the fourth in a series of six submarines being developed under the Kalvari-class submarine Project-75.
  • It has been built by Mazagon Dock Shipbuilders Limited in collaboration with M/s Naval Group, France.

Banking News

  1. RBI imposes Rs 1 Crore penalty on SBI For violating norms
  • The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on State Bank of India (SBI) on November 26, 2021, for violating sub-section (2) of section 19 of the Banking Regulation Act, 1949.
  • SBI held shares in the borrower companies of an amount exceeding 30 percent of the paid-up share capital of those companies.
  • As per Sub-section (2) of the Banking Regulation Act, 1949, no banking company can hold shares in any company, as pledgee, mortgagee or absolute owner, of an amount exceeding 30 percent of the paid-up share capital of that company or thirty per cent of its own paid-up share capital and reserves.
  1. RBI announces higher cap on promoter stake in private banks at 26% after 15 yrs

  • The Reserve Bank of India had formed an Internal Working Group (IWG) in June 2020, to review the extant guidelines on ownership and corporate structure for Indian private sector banks. The IWG had 5 members with Shri Shrimohan Yadav as the convenor.
  • The Internal Working Group (IWG) had made 33 recommendations to RBI. Now RBI has accepted 21 recommendations out of these 33. Some important points from these recommendations are given below:
  • The initial lock-in requirements will continue as minimum 40 per cent of the paid-up voting equity share capital of the bank for first five years.
  • The cap on promoters’ stake in long run of 15 years has been raised from 15 percent (earlier) to 26 percent of the paid-up voting equity share capital of the bank.
  • The minimum initial capital requirement for licensing new banks has been increased as below:
  • For Universal Banks: The initial paid-up voting equity share capital/ net worth required to set up a new universal bank has been increased to ₹1000 crore (from present ₹500 crore).
  • For SFBs: The initial paid-up voting equity share capital/ net worth required to set up a new SFB, has been increased to ₹300 crore (from present ₹200 crore).
  • For UCBs transiting to SFBs: The initial paid-up voting equity share capital/ net worth has been increased to ₹150 crore (from present ₹100 crore) which has to be increased to ₹300 crore in five years (from present ₹200 crore).
  • All the new Small Finance Banks which are setup now, should be listed (on stock exchange) within ‘eight years from the date of commencement of operations’. Note that Universal banks shall continue to be listed within six years of commencement of operations.

Obituaries News

  1. Sahitya Akademi winning eminent Assamese Poet Sananta Tanty passes away at 69
  • Indian poet Sanant Tanti, who won the Sahitya Akademi Award for Assamese literature, has passed away after a prolonged illness. He was 69 years old.
  • Tanti received many awards and honors. He received Sahitya Akademi in 2016 for his collection of poems in Assamese titled ‘Kaloir Dinato Amar Hobo’ (Tomorrow will be ours).

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