Today's Current Affairs 7th November 2023

INTERNATIONAL

IIT Madras Sets Its First International Campus on Zanzibar Island in Tanzania

• IIT Madras has become the first Indian Institute of Technology to establish an international campus on the picturesque Zanzibar Island in East Africa.
• Inaugurated by the President of Zanzibar, Hussein Ali Mwinyi.

About Tanzania:

Capital: Dodoma

President: Samia Suluhu Hassan

 NATIONAL

54th International Film Festival of India (IFFI) 2023: A Glimpse

• The 54th International Film Festival of India (IFFI) is set to unfold in Goa from November 20 to 28, 2023.
• Union Minister Shri Anurag Thakur announced the event, highlighting India’s growing influence in the global media.
• A prestigious feature of IFFI is the Satyajit Ray Lifetime Achievement Award (SRLTA), presented to honor Excellence in World Cinema.

About IFFI:

Location: Goa, India

Founded: 24 January 1952; 71 years ago

Hosted by: Government of Goa; Directorate of Film Festivals

About Goa:

Chief Minister: Pramod Sawant

Governor: Shri Sreedharan Pillai

 MoHUA Rolls Out Swachh Diwali Shubh Diwali Signature Campaign

• The Ministry of Housing and Urban Affairs is launching the Swachh Diwali Subh Diwali Campaign from November 6th to 12th 2023, under the Swachh Bharat Mission-Urban 2.0.

 SPORTS

Max Verstappen wins Brazilian Grand Prix 2023

• Brazilian Grand Prix is a three-time champion player.

 APPOINTMENTS AND RESIGNATIONS

Heeralal Samariya Appointed as the New Chief Information Commissioner

• He administered the oath of office to Information Commissioners Anandi Ramalingam and Vinod Tiwari.

 IMPORTANT DAYS

India Celebrates 135th Birth Anniversary of CV Raman: 7th November

• November 7, 2023, marks the 135th birth anniversary of the renowned Indian physicist, Sir Chandrasekhar Venkata Raman, who is celebrated for his groundbreaking discovery of the Raman Effect.
• He won the Nobel Prize in Physics in 1930

 SUMMITS AND MOU’S

APEDA Partners With Lulu Hypermarket to Boost Indian Agri-Product Exports

• The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce, Government of India, has inked a Memorandum of Understanding (MoU) with the renowned global retail giant, Lulu Hypermarket LLC.
• It was officially signed at the World India Food (WIF) 2023 event on November 3, 2023, in New Delhi.
• Lulu group founded in 2000 by M. A. Yusuff Ali from Nattika in Kerala, India.

About APEDA:

Founded: 13 February 1986

Headquarters: New Delhi

 BANKING AND ECONOMY

HSBC India Launches E-Bank Guarantees to Modernize Trade Finance

• HSBC India, in collaboration with the National E-Governance Services Ltd (NeSL), has introduced electronic bank guarantee services.

About HSBC India:

CEO: Hitendra Dave (7 Jun 2021–)

Headquarters: Mumbai

Founded: 1853

RBI Announces Phased Discontinuation of Incremental Cash Reserve Ratio (I-CRR)

• The Reserve Bank of India (RBI) has unveiled a plan to gradually discontinue the Incremental Cash Reserve Ratio (I-CRR) in response to evolving liquidity conditions.
• The RBI Governor, Shaktikanta Das, introduced the I-CRR, mandating all scheduled banks to maintain a 10% reserve ratio on the increase in their net demand and time liabilities (NDTL).

About RBI:

Founded: 1 April 1935, Kolkata

Founder: British Raj

Governor: Shaktikanta Das

Headquarters: Mumbai, Maharashtra, India

IndiaFirst Life Becomes the First Life Insurance Company to Obtain GIFT City IFSC Registration

• IndiaFirst Life, a Mumbai-based life insurance company, has achieved a significant milestone by becoming the first life insurance company to secure registration within the GIFT City International Financial Services Centre (IFSC).
• The Insurance Regulatory and Development Authority of India (IRDAI) in August 2023 and subsequent registration from the International Financial Services Centre Authority (IFSCA).

About IRDAI:

Founded: 1999

Sector: Insurance

Headquarters: Hyderabad