1.Children’s Day: 14th November:- On 14th November, Children’s Day is celebrated every year to mark the birth anniversary of India’s first Prime Minister Pt. Jawaharlal Nehru. Children’s Day is popularly known as ‘Baal Diwas’ in India. The day aims at increasing the awareness of the rights, care and education of children. On this day, many educational and motivational programs are organised across the country, by and for children.

History of Children’s Day:

Jawaharlal Nehru, who was India’s first Prime Minister, was quite famous among children and was popularly known as ‘Chacha Nehru’. Following his death in 1964, it was decided that to move the celebrations of Children’s Day to November 14 as a mark of respect to him and to commemorate his fondness for children. A resolution was passed in the Parliament and since then, Children’s Day is celebrated in India on November 14 every year. Notably, Children’s Day was celebrated in India first on November 20, 1956, along with the Universal Children’s Day.

2.Ministry of Textiles launches “Local4Diwali” campaign:- The Union Ministry of Textiles has launched a campaign for Diwali- “Local4Diwali”. The campaign has been launched to promote the Indian handicraft which is the cultural heritage of the country and also a source of livelihood for many. As per the available data, the handicrafts sector is a major sector of women empowerment as almost 55% of the workers and artisans are women.

Aim of the Local4Diwali Campaign

• The main aim of the #Local4Diwali campaign is to urge people to buy and gift Indian handicraft products on this Diwali.
• The basic aim of the campaign is to give a boost to Indian handicrafts and artisans.
• This campaign will help the handicraft artisans and workers in increasing their sales and promoting their business.
• After the promotion of the idea of “Vocal for Local” by PM Modi, every sector is working towards promoting local businesses and strengthening Atmanirbhar Bharat Abhiyan.

3.IRCTC to start ‘Bharat Darshan Yatra’ on December:- Indian Railway Catering and Tourism Corporation (IRCTC) will be starting ‘Bharat Darshan–Dakshin Bharat Yatra’ from December 12. The Bharat Darshan Yatra will start from Hyderabad and Secunderabad from December 12 to 18. The theme of this yatra will be ‘Show India to Indians’.

About the ‘Bharat Darshan–Dakshin Bharat Yatra’:

• The facility of boarding and de-boarding this tourist train will be available at Secunderabad, Khammam, Nellore, Vijayawada, Warangal, Ongole, and Renigunta.
• The train will have 12 sleeper coaches, one 3-tier AC coach and a pantry car.
• The standard fare for sleeper coaches will be Rs 7,140 and that for three-tier AC will be Rs 8,610.
• The facility of night stays for all the tourists will be made at dormitories or dharmasalas.
• Tourists will also be provided with the morning tea, breakfast, lunch, dinner and a water bottle per day.
• The authorities will arrange non-AC bus transportation on sharing basis and tour escort and security on the train.
• In January 2019, IRCTC also started booking for Shirdi Sai Baba darshan tickets on its website.

4.World Diabetes Day: 14 November:- World Diabetes Day is observed on 14th November every year. The campaign aims to raise awareness around the crucial role that nurses play in supporting people living with diabetes. The theme for World Diabetes Day 2020 is “The Nurse and Diabetes.” In 2007 General Assembly adopted resolution 61/225 designating 14 November as World Diabetes Day. The document recognized “the urgent need to pursue multilateral efforts to promote and improve human health, and provide access to treatment and health-care education.”

5.IFSCA approves draft banking regulations at IFSC:- International Financial Services Centres Authority (IFSCA) has conducted a meeting in New Delhi. The IFSC Authority approved the International Financial Services Centres Authority (Banking) Regulations, 2020 in the meeting. The draft banking regulations approved at the meeting opens the way for making rules for the various aspects of banking operations that would be permissible at the IFSC. As banking plays an important role at IFSC, banking regulations will help it in reaching its desired potential.

Features of Banking Regulations:

• To lay down the obligations for setting up IFSC Banking Units (IBUs).
• To Permit the persons residing outside India (with net worth not less than USD 1 Million) to open foreign currency accounts in any freely convertible currency at IFSC Banking Units (IBUs).
• To permit persons residing in India (with net worth not less than USD 1 Million) to open foreign currency accounts in any freely convertible currency at IBUs in order to undertake any permissible current account or capital account transaction or any combination thereof under RBI’s Liberalized Remittance Scheme (LRS).
• To lay down the activities of IBUs that are permissible including credit insurance and sale, credit enhancement, engage in factoring and forfeiting of export receivables, purchase of portfolios, and undertake equipment leasing.
• To permit the authority for determining business that an IBU may be permitted to conduct in INR with persons residing in India and persons residing outside India, subject to the settlement of the financial transaction related to such business in freely convertible foreign currency.