24 november 2021 current affairs

1. CURRENT AFFAIRS
24 NOVEMBER 2021
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2. SWEDEN ELECTS MAGDALENA
ANDERSSON AS FIRST-EVER FEMALE
PRIME MINISTER
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• SWEDEN PRIME MINISTER NEWS: SWEDEN’S PARLIAMENT ON
NOVEMBER 24, 2021, HAS ELECTED MAGDALENA ANDERSSON,
SOCIAL DEMOCRATIC PARTY LEADER AND FINANCE MINISTER,
AS THE FIRST FEMALE PRIME MINISTER OF SWEDEN. THE
DECISION CAME AFTER ANDERSSON CLINCHED A LAST-MINUTE
DEAL SECURING THE KEY SUPPORT.
• MAGDALENA ANDERSSON WILL SUCCEED THE OUTGOING PM
STEFAN LOFVEN AFTER A TOTAL OF 117 MEMBERS OF
PARLIAMENT VOTED FOR ANDERSSON. 57 MEMBERS ABSTAINED
FROM VOTING WHILE 174 VOTED AGAINST AND ONE WAS
ABSENT.
• UNDER SWEDEN’S ELECTORAL SYSTEM, A PRIME MINISTERIAL
CANDIDATE OF THE COUNTRY DOES NOT NEED THE SUPPORT OF
A MAJORITY IN THE PARLIAMENT, THE CANDIDATE JUST NEEDS
TO NOT HAVE A MAJORITY- OR 175 VOTES- AGAINST THEM.
• SWEDEN’S NEW PRIME MINISTER WILL FORMALLY TAKE OVER
HER FUNCTIONS AND PRESENT HER GOVERNMENT ON
NOVEMBER 26, 2021.

3. LIRA COLLAPSES TO RECORD LOW, HOW WILL THIS IMPACT TURKISH ECONOMY?
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Turkish Lira tumbled to a record low against the US dollar
on November 24, 2021 increasing worries about Turkey's
monetary policy.
The Lira fell down to an all-time low of 13.45 against the
US dollar on November 23rd and weakened as far as
13.15 on November 24th before moving slightly up to
13.05.
Lira's tumble comes amid worries over soaring inflation
and another economic fallout.
The currency has hit record lows in 11 consecutive
sessions, falling by nearly 43 percent since the start of the
year.
The currency saw an almost 24% decline since the
beginning of last week.

4. ODISHA CABINET APPROVES ODISHA ELECTRONICS POLICY 2021
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Odisha State Cabinet headed by Chief
Minister Naveen Patnaik on November
23, 2021, approved ‘Odisha Electronics
Policy 2021’ to promote Odisha as an
attractive destination for the electronics
industry as well as promote electronics
manufacturing in the state.
The Odisha Electronics Policy 2021 will
continue till March 31, 2026, or until
replaced by another scheme.

5. INS VELA TO BE COMMISSIONED INTO INDIAN NAVY ON NOVEMBER 25
• INS VELA IS SET TO BE COMMISSIONED INTO THE INDIAN NAVY ON
NOVEMBER 25, 2021, BY NAVY CHIEF ADMIRAL KARAMBIR SINGH WILL
COMMISSION INS VELA AT THE NAVAL DOCKYARD IN MUMBAI.
• THE FOURTH OF SIX STEALTH SCORPENE-CLASS SUBMARINES INS VELA
WILL BE COMMISSIONED AMID INCREASED CHINESE NAVAL PRESENCE IN
THE INDIAN OCEAN REGION.
• COMMISSIONING OF INS VELA COMES AFTER THE COMMISSIONING OF
AN INDIGENOUSLY DESIGNED STEALTH-GUIDED MISSILE DESTROYER INS
VISAKHAPATNAM ON NOVEMBER 21, 2021.
• INS VELA IS THE FOURTH OF SIX STEALTH SCORPENE-CLASS
SUBMARINES OF PROJECT 75 THAT WILL GIVE A BIG BOOST TO INDIA’S
MARITIME POWER AND CAPABILITIES IN TACKLING MARITIME THREATS
AMID THE GROWING PRESENCE OF CHINA IN THE INDIA OCEAN REGION.
• THE COMMISSIONING OF INS VELA COMES AT A TIME WHEN THE INDIAN
NAVY IS WORKING TO BECOME A 170-SHIP FORCE AGAINST THE
BACKDROP OF CHINA’S INCREASING NAVAL PRESENCE IN THE INDIAN
OCEAN REGION
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6. JAGANNATH TEMPLE: ODISHA CM NAVEEN PATNAIK LAYS
FOUNDATION STONE FOR PURI HERITAGE CORRIDOR PROJECT
• THE CHIEF MINISTER OF ODISHA NAVEEN PATNAIK ON
NOVEMBER 24, 2021, LAID THE FOUNDATION STONE OF THE
‘SHREE MANDIRA PARIKRAMA’ PROJECT (HERITAGE
CORRIDOR PROJECT) NEAR SHRI JAGANNATH TEMPLE IN
PURI. AFTER LAYING THE FOUNDATION STONE, CHIEF
MINISTER PATNAIK SAID THAT IT IS A HISTORIC DAY FOR ALL
JAGANNATH BHAKTS ALL OVER THE WORLD AND IS INDEED A
SACRED DAY FOR THE PEOPLE OF THE STATE.
• THE FOUNDATION STONE FOR PURI’S SRIMANDIR PARIKRAMA
PROJECT WAS LAID ON THE CULMINATION OF THE THREE-
DAY-LONG ‘MAHAYAJNA’ NEAR THE BOUNDARY WALL OF
LORD JAGANNATH TEMPLE. THE RITUALS OF ‘MAHAYAJNA’ AS
THE ‘KARTA’ WERE PERFORMED BY ‘GAJAPARI MAHARAJ’-THE
TITULAR KING OF PURI, CONSIDERED THE FIRST SERVITOR OF
LORD JAGANNATH.
• CHIEF MINISTER PATNAIK ALSO FELICITATED 10 PEOPLE WHO
DONATED THEIR ANCESTRAL LAND, ADJACENT TO JAGANNATH
TEMPLE, FOR THE PROJECT.
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7. WHY IS INDIA RELEASING 5 MILLION BARRELS OF CRUDE OIL FROM ITS STRATEGIC RESERVES?
• FOR THE FIRST TIME EVER, INDIA PLANS TO RELEASE ABOUT 5 MILLION
BARRELS OF CRUDE OIL FROM ITS STRATEGIC PETROLEUM RESERVES ‘IN
PARALLEL AND IN CONSULTATION WITH’ THE US, CHINA, JAPAN AND
SOUTH KOREA TO BRING DOWN GLOBAL CRUDE OIL PRICES, SAID THE
OIL MINISTRY.
• THE US WILL RELEASE 50 MILLION BARRELS OF CRUDE OIL FROM ITS
RESERVE. THIS IS THE FIRST OF ITS KIND COORDINATED RELEASE OF
CRUDE OIL FROM STRATEGIC RESERVES GLOBALLY.
• THE DEVELOPMENT COMES IN WITH THE US TO BRING DOWN GLOBAL
CRUDE OIL PRICES WHICH CROSSED $85 PER BARREL IN OCTOBER 2021.
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8. WHAT IS TRADE EMERGE? ICICI BANK LAUNCHES ONLINE PLATFORM
FOR INDIAN EXPORTERS AND IMPORTERS
• ICICI BANK HAS ANNOUNCED THE LAUNCH OF AN ONLINE
PLATFORM ‘TRADE EMERGE’ FOR EXPORTERS AND IMPORTERS
ACROSS INDIA.
• TRADE EMERGE PLATFORM WILL OFFER COMPREHENSIVE DIGITAL
BANKING AND VALUE-ADDED SERVICES TO THE COMPANIES
ENGAGED IN EXPORT AND IMPORT IN INDIA.
• IT IS A FIRST-OF-ITS-KIND INITIATIVE THAT WILL BRING TOGETHER
END-TO-END DIGITAL BANKING AND VALUE-ADDED SERVICES ON A
SINGLE PLATFORM.
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9. DELHI-NCR AIR POLLUTION: SC ASKS CENTRE TO
INTENSIFY MEASURES TO IMPROVE AIR QUALITY, NEXT
HEARING ON 29TH NOVEMBER
• THE SUPREME COURT WHILE HEARING THE CASE RELATING TO THE
RISING AIR POLLUTION LEVELS IN DELHI-NCR ON NOVEMBER 24,
2021 ASKED THE CENTRE TO CONTINUE THE MEASURES FOR
CONTROLLING AIR POLLUTION FOR THE NEXT TWO THREE DAYS. THE
COURT OBSERVED THAT SOME OF THE RESTRICTIONS CAN BE LIFTED
IF THE POLLUTION LEVEL COMES DOWN TO 100.
• THE COURT FURTHER ASKED STATES NEIGHBOURING DELHI- PUNJAB,
HARYANA AND UTTAR PRADESH GOVERNMENTS IF ANY STUDY HAS
BEEN DONE TO SHOW HOW MUCH STUBBLE HAS BEEN REMOVED
FROM THESE STATES AND WHAT EMISSION CONTROL METHODS HAVE
BEEN ADOPTED.
• THE SUPREME COURT TOLD THE CENTRE THAT MEASURES ARE TAKEN
WHEN THE WEATHER BECOMES SEVERE. IT STATED THAT THE
MEASURES HAVE TO BE TAKEN IN ANTICIPATION TO STOP AIR
POLLUTION. THE TOP COURT SLAMMED THE CENTRE SAYING, "THIS IS
THE NATIONAL CAPITAL, IMAGINE THE SIGNAL WE ARE SENDING TO
THE WORLD".
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10. BIDEN DEMOCRACY SUMMIT: 110 COUNTRIES INVITED
INCLUDING INDIA & TAIWAN; CHINA AND RUSSIA
EXCLUDED
• THE PRESIDENT OF THE UNITED STATES JOE BIDEN HAS INVITED MORE THAN 100
COUNTRIES TO A VIRTUAL SUMMIT ON DEMOCRACY TO BE HELD ON DECEMBER 9-
10, 2021. THE INVITE LIST OF THE DEMOCRACY SUMMIT INCLUDES INDIA AND
TAIWAN BUT EXCLUDES CHINA, A MOVE WHICH IS BOUND TO ANGER THE
COUNTRY.
• THE VIRTUAL DEMOCRACY SUMMIT WAS A CAMPAIGN PLEDGE BY THE US
PRESIDENT, WHO PLACED THE STRUGGLE BETWEEN THE DEMOCRACIES AND THE
AUTOCRATIC GOVERNMENTS AT THE HEART OF HIS FOREIGN POLICY. THE SUMMIT
FOR DEMOCRACY WILL BE TAKING PLACE AHEAD OF AN IN-PERSON MEETING AT ITS
SECOND EDITION IN 2022.
• THE MAIN RIVALS OF THE UNITED STATES- RUSSIA AND CHINA- HAVE BEEN
EXCLUDED FROM THE LIST, HOWEVER, THE INCLUSION OF TAIWAN IS GUARANTEED
TO FURTHER ESCALATE THE TENSIONS BETWEEN US AND CHINA.
• IT IS WIDELY KNOWN THAT CHINA RESISTS ANY USE OF THE WORD ‘TAIWAN’ AS IT
LENDS A SENSE OF INTERNATIONAL LEGITIMACY TO THE DEMOCRATIC SELF-RULED
ISLAND, WHICH CHINA CLAIMS AS PART OF ITS TERRITORY AND HAS ALSO VOWED
TO SEIZE ONE DAY.
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11. CRYPTOCURRENCY BAN IN INDIA: GOVT TO INTRODUCE
BILL TO BAN ALL PRIVATE CRYPTOCURRENCIES
• THE GOVERNMENT OF INDIA WILL INTRODUCE A ‘CRYPTOCURRENCY
BILL, 2021’ IN INDIA TO BAN ALL THE PRIVATE CRYPTOCURRENCIES IN THE
COUNTRY. HOWEVER, IT WILL PROVIDE CERTAIN EXCEPTIONS TO
FACILITATE THE UNDERLYING TECHNOLOGY OF CRYPTOCURRENCY.
• ‘THE CRYPTOCURRENCY AND REGULATION OF OFFICIAL DIGITAL
CURRENCY BILL, 2021’ WILL BE AMONG THE 26 NEW BILLS THAT WILL BE
INTRODUCED BY THE GOVERNMENT OF INDIA FOR THE WINTER SESSION
OF PARLIAMENT STARTING FROM NOVEMBER 29, 2021.
• EARLIER IN NOVEMBER 2021, PRIME MINISTER MODI HAD CHAIRED A
HIGH-LEVEL MEETING ON THE WAY FORWARD REGARDING
CRYPTOCURRENCY AND THE RELATED ISSUES. REPORTEDLY, THE OFFICIALS
AT THE MEETING REALIZED THAT ATTEMPTS OF MISLEADING THE YOUTHS
OF THE COUNTRY BY OVER-PROMISING AND NON-TRANSPARENT
ADVERTISING MUST BE STOPPED.
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12. DEFENCE MINISTRY CLEARS RS 5000 CRORE DEAL TO
MANUFACTURE 7.5 LAKH AK-203 ASSAULT RIFLES IN
INDIA
• DEFENCE CURRENT AFFAIRS: DEFENCE MINISTRY ON
NOVEMBER 23, 2021 APPROVED A RS 5,000 CRORE DEAL
WITH RUSSIA TO MANUFACTURE 7.5 LAKH AK-203 ASSAULT
RIFLES IN UTTAR PRADESH'S AMETHI. THE APPROVAL HAS
COME THROUGH JUST AHEAD OF RUSSIAN PRESIDENT
VLADIMIR PUTIN'S VISIT TO INDIA.
• THE AK-203 ASSAULT RIFLES DEAL IS EXPECTED TO BE
SIGNED DURING THE RUSSIAN PRESIDENT'S VISIT. IT WAS
CLEARED BY THE DEFENCE ACQUISITION COUNCIL. THE ONLY
STEP LEFT NOW IS RESOLVING THE ISSUES ON THE TRANSFER
OF TECHNOLOGY
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