DAILY CURRENT AFFAIRS 17-11-2021

Shankar School of Banking November 17 , 2021 191

National

Union Home Minister announced that the Karatpur Sahib Gurudwar corridor will be opened from today.
It is a visa free border crossing and corridor, It links Gurudwar Darbar Sahib lying in Karatpur, Pakistan, with Dera Baba Nanak in Gurdaspur, Punjab.
The corridor is set to open for the “Prakash Purb” birth anniversary of Guru Nanak.
The corridor is 4.7 km long from the India-Pakistan border.
This Karatpur corridor was first proposed by Atal Bihari Vajpayee and Nawaz Sherif in 1999.

First ever Audit Diwas was celebrated, it is being celebrated to mark the origin of the Comptroller and Auditor General institution.
Prime Minister addressed the people during the first ‘Audit Diwas’, he also inaugurated the statue of Sardhar Vallabhai Patel.
Prime Minister asked his officers to give all the documents and data mentioned by the CAG.
Additional fact :
- The comptroller and Auditor General of India is established under Article 148 of Indian constitution.
- It’s role is to audit all receipts and expenditures of both Central and State governments
- Girish Chandra Murumu is the current comptroller and Auditor General of India.

Indian Navy is set for Commission Project 15B radar guided missile destroyers Visakhapatnam class by November 21.
It is also set to Commission fourth scorpene class submarine Vela.
It has also budgeted for indigenous aircraft carrier INS Vishal, which is to be built in Cochin shipyard under its Maritime Capability Perspective Plan (MCPP).
Additional fact :
- Visakhapatnam class – 15B is developed by Mazagon Dock Limited (MDL), Mumbai.
- The P-15B is armed with a 127 mm gun.
- It is equipped with revised bridge layout to reduce Radar Cross Section (RCS).

Largest Institute of Fashion Technology is set to be constructed in Srinagar, Jammu & Kashmir.
Central Minister for Textiles and Railways Darshana Vikram Jardosh announced the construction of the campus with a cost of Rs.287 crore to be built in 16.6 acres of land.
The campus will be constructed with Design Resource Centre (DRC) aimed to excel in handloom sector.
The students from Ladakh and Jammu & Kashmir will have 35% reservation in the campus.

By the Recommendations of Regulations Review Authority, the Reserve Bank of India has withdrawn more than 100 unnecessary circulars.
Certain norms related to Foreign Portfolio Investors, RTGS, Anti Money laundering/combating of financing of Terrorism that were redundant was declared void by the RBI.
Additional fact :
- The Regulation Review Authority was tasked to review regulatory instructions, remove redundant circulars, reduce compliance and banker, obviate paper based submission of reports.

Indian Overseas Bank reported its gross NPA for a period upto March 2021 stood at Rs.16,323 crore.
But RBI assessed the total gross NPA of IOB to be Rs.17,023 crore.
This resulted in a divergence of gross NPA of Rs.700 crore.
The net NPA stood at Rs.4,578 crore, whereas RBI assessed it to be Rs.5,278 crore.
The net profit for IOB stands at Rs.646 crore.

Diesel demand saw a fall by one fifth form the first 15 days in the month of November 2021.
Consumption of gasoline declined to 2.43 million tonnes, which is about 15.3%, previous year it stood on 19.4%.

Indian Archers assure India with a minimum of 3 Medals in the Asian Archery Championship.
Indian recurve men’s and women’s team entered to the finals of their respective events.
The compound teams lost in the semi finals and is set to fight for bronze medal.

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