Daily GK Current Affairs viable of 4th and 5th November 2021

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Daily GK Current Affairs News viable of 4th and 5th November 2021. – Here is the Regular current affairs viable of 4th and 5th November 2021 covering the following news headlines: Niti Aayog, World Bank, Ayushman CAPF, One Sun, One World, One Grid initiative, PCA framework.

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 4th and 5th November 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt current affairs quiz.

Table of Contents

Here current affairs have been categorized which is as follows

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International News
State News
Banking News
Business News
Awards News
Sports News
Important Days

International News

WHO approves Bharat Biotech’s Covaxin for emergency use

Bharat Biotech’s Covaxin has got WHO nod as technical advisory team recommends India-made vaccine for emergency use list for 18 years and above.
This marks a major victory for India’s journey in vaccination against COVID-19. Covaxin is a vaccine which is completely ‘Made in India’ by Hyderabad based Bharat Biotech and Indian Council of Medical Research.
WHO has so far approved Covid-19 vaccines of Pfizer-BioNTech, AstraZeneca-SK Bio/Serum Institute of India, Johnson 7 Johnson – Janssen, Moderna, and Sinopharm for emergency use.

Important takeaways for all competitive exams:

WHO Established: 7 April 1948;
WHO Director General: Dr Tedros Adhanom Ghebreyesus;
WHO Headquarters: Geneva, Switzerland.

US lawmaker introduces Bill to declare Diwali a national holiday

United States lawmakers led by Congresswoman Carolyn B. Maloney from New York introduced a bill to declare Diwali a national holiday in the country. The MP announced the Diwali Day Act in the House of Representatives.
The landmark law is getting support from several lawmakers, including Indian-American Representative Raja Krishnamurthy. Meanwhile, Krishnamurthy also introduced a resolution in the US Congress to recognize the religious and historical significance of the festival of lights.

Important takeaways for all competitive exams:

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United States Capital: Washington, DC;
United States President: Joe Biden;
United States Currency: United States Dollar.

State News

PM Modi launch “One Sun, One World, One Grid” initiative

Prime Minister Narendra Modi and his British counterpart Boris Johnson jointly launched the ‘One Sun, One World, One Grid’ (OSOWOG) initiative at the COP 26 Climate Meet in Glasgow.
This project is about setting a ‘trans-national electricity grid to supply solar power across the world. The vision behind OSOWOG is ‘The Sun Never Sets. It is a constant at some geographical location, across the globe, at any given point of time.
This is the most ambitious scheme undertaken by India and is significant in terms of economic benefits. It has been taken up under the technical assistance program of the World Bank. This plan will also leverage the International Solar Alliance (ISA).

Banking News

RBI issues revised PCA framework for banks

The RBI has issued a revised Prompt Corrective Action (PCA) framework for banks to enable supervisory intervention at “appropriate time” and also act as a tool for effective market discipline.
Capital, asset quality and leverage will be the key areas for monitoring in the revised framework. The revised PCA framework will be effective from January 1, 2022. The framework was last revised in April 2017.
The objective of the PCA framework is to enable supervisory intervention at an appropriate time and require the supervised entity to initiate and implement remedial measures in a timely manner, so as to restore its financial health.
The central bank also stressed that the PCA framework does not preclude the RBI from taking any other action as it deems fit at any time, in addition to the corrective actions prescribed.

Business News

Niti Aayog, World Bank ready electric vehicles financing push

NITI (National Institution for Transforming India) Aayog and World Bank (WB) are working together to facilitate a program for faster and easier financing of Electric Vehicles (EVs).
NITI Aayog and World Bank are setting up a $300 million ‘First Loss Risk Sharing Instrument’ with State Bank of India (SBI) as its program manager.
The current interest rate for electric two-wheelers and electric three-wheelers, which is in the range of 20-25 per cent, is expected to be reduced to 10-12 per cent.

Important takeaways for all competitive exams:

World Bank Founded: July 1944;
World Bank Headquarters: Washington DC, USA;
World Bank President: David R. Malpass.

Awards News

South African author Damon Galgut wins Booker Prize

South African playwright and novelist, Damon Galgut, has won the 2021 Booker Prize for “The Promise”, his third shortlisted novel, which chronicles his homeland from the late apartheid era to the presidency of Jacob Zuma.
The book, spanning several decades, depicts the growing disintegration of the family as the country emerges into democracy.
Mr. Galgut took the prize on his third time as a finalist, for a book the judges called a “tour de force.” He was previously shortlisted for “The Good Doctor” in 2003 and “In a Strange Room” in 2010, but lost both times.

Sports News

Unmukt Chand becomes the 1st Indian male to sign up for BBL

Unmukt Chand has become the first Indian male cricketer to sign up for the Big Bash League as he prepares to join the Melbourne Renegades squad in the upcoming edition.
The 28-year-old, who led India to the Under-19 World Cup title in 2012, has represented India A in the IPL, apart from featuring in teams such as Delhi Daredevils, Mumbai Indians and Rajasthan Royals.
Announcing his retirement from Indian cricket in August this year, he said that he would “look for better opportunities from around the world”.

Important Days

World Tsunami Awareness Day: 5th November

World Tsunami Awareness Day was observed across the world on 5 November. The day is celebrated to spread awareness among people across the world in matters related to the dangers of tsunami.
In 2021, World Tsunami Awareness Day promotes “Sendai Seven Campaign,” target (f), which aims to ‘substantially enhance international cooperation to developing countries through adequate and sustainable support to complement their national actions for implementation of the present Framework by 2030.’
World Tsunami Day was first officially observed on 5 November 2016 After the announcement of the UN General assembly on 22 December 2015. The UN General Assembly called all the countries in international bodies to raise awareness about this natural disaster and share product ideas.

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