20th November 2023 Daily Current Affairs

Sports

Australia lifted the ICC Men’s Cricket World Cup 2023 defeating India by six wickets in the final at the Narendra Modi Stadium in Ahmedabad.
Virat Kohli was awarded with the “player of the tournament” title for his exemplary performance.
He scored a total of 765 runs in 11 innings, the highest-ever runs scored by a batter in a single edition of the World Cup.
Mohammed Shami finished as the leading wicket taker of the World Cup 2023.

National & International Organizations

Japan and India are the most favored markets in the Asia Pacific region, reveals the fund manager survey (FMS) conducted by Bank of America (BofA).
Japan (net 45 percent overweight) cements its place at the top of the preference stack, followed by India (25 percent), while Thailand (net 13 percent underweight), China, and Australia.
The net overweight figure is the percent of fund managers saying overweight minus the percent saying underweight.

Obituaries

S Venkitaramanan, the former Governor of the Reserve Bank of India (RBI), passed away early this morning due to a brief illness.
He was 92 years old. According to The Business Line, he is survived by his two daughters, Girija and Sudha, along with their respective families.
S Venkitaramanan was the 18th Governor of the RBI, serving for two years from 1990 to 1992. Prior to this, he was Finance Secretary in the Ministry of Finance from 1985 to 1989.

Important Dates

World Day of Remembrance for Road Traffic observed on 20th November 2023 to spread to a growing number of countries on every continent.
The Day has become an important tool in global efforts to reduce road casualties.
This year’s theme is ‘Accelerating Change’
The objectives of the World Day of Remembrance for Road Traffic Victims are to provide a platform for road traffic victims and their families

National & International Organizations

India, the world’s top rice exporter, is expected to maintain its curbs on overseas sales well into 2024, a move likely to hold the staple grain at close to its highest price levels since the food crisis of 2008.
Lower prices and ample stockpiles have helped make India one of the top shippers globally over the past decade, recently accounting for almost 40% of the total.
African nations like Benin and Senegal are among the top buyers.

Important Dates

World Children’s Day is observed on November 20 every year and is dedicated to the little ones who make our life beautiful. Wishes, images, messages to share.
The day is to raise awareness around children rights and improving their welfare.
The theme for World Children’s Day for the year 2023 is ‘For every child, every right.’

Banking & Finance

India’s economy achieved a historic milestone when its Gross Domestic Product (GDP) crossed the $4 trillion-mark in nominal terms for the first time ever.
Neither the finance ministry nor the National Statistical Office have officially confirmed whether the mark has been breached.
The milestone was hailed by billionaire and Adani Group Chairman Gautam Adani, two union ministers and Maharashtra Deputy Chief Minister Devendra Fadnavis.

National & International Appointments

Kotak Mahindra Bank has appointed Ashok Vaswani as its managing director (MD) and chief executive officer (CEO) from January 1, 2024.
The bank’s board has appointed Vaswani for a period of three years, subject to the approval of the members of the bank, according to an exchange filing.
The appointment of Vaswani follows the conclusion of Dipak Gupta’s term as the Managing Director and CEO of the bank

National & International Organizations

India ranks third with 72 unicorn companies, with a total valuation of $195.75 billion.
The country’s unicorns make a substantial 5 per cent contribution to the total global unicorn valuation, according to research by Journalistic Org.
The first Indian company to make an appearance in global rankings is BYJU’s, which stands at 36th place with a valuation of $11.50 billion.
The US has the highest and over three times more than China in second place (172).

National & International Appointments

Argentina elected right-wing libertarian Javier Milei as its new president.
Milei is pledging economic shock therapy.
His plans include shutting the central bank, ditching the peso, and slashing spending, potentially painful reforms that resonated with voters angry at the economic malaise.
Milei has been particularly popular among the young, who have grown up seeing their country lurch from one crisis to another.