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DAILY DOSE 15^th NOV – 2025 CURRENT AFFAIRS

1. Summits / Conferences / Meetings

South India Natural Farming Summit – Coimbatore, Tamil Nadu

• PM Narendra Modito visit Coimbatore on 19 November to address the South India Natural Farming Summit.
• Organised by farmers’ associationsin Tamil Nadu.
• PM to interact with 50 organic agriculture scientistsfrom southern states.
• Aim: Policy formulation for natural farming, promoting a people-driven movementin agriculture.
• Focus: Economic sustainability, social inclusion, and mass adoption of natural farming.
• Summit features:
  • 300-stall exhibition
  • Live demonstrations
  • Interactive sessionswith scientists & policymakers
• Aligned with national initiatives:
  • Bharatiya Prakritik Krishi Paddhati
  • Paramparagat Krishi Vikas Yojana

2. Infrastructure & Energy

₹1,500 crore Modernisation Projects Launched at New Mangalore Port

• Union Minister Sarbananda Sonowallaunched 20 projects worth ₹1,500 crore during Golden Jubilee of New Mangalore Port Authority.
• Modernisation + digitalisation led to major capacity increase:
  • Cargo handling rose from 90,000 tonnes → 46 million tonnes.
• Union Minister Prahlad Joshihighlighted India’s rise as 4th largest global economy.
• New Mangalore Port:
  • Located at Panambur, Mangalore, Karnataka
  • All-weather port
  • Deepest inner harbouron west coast

3. Banking Awareness

RBI Fines 3 Co-operative Banks for Regulatory Violations

1. Mumbai District Central Co-operative Bank (Maharashtra)

• Penalty: ₹2 lakh
• Reason: Violation of Section 20(loans to directors/related parties prohibited).

2. Karaikudi Co-operative Town Bank (Tamil Nadu)

• Penalty: ₹1.5 lakh
• Reason: Violation of Capital Adequacy Norms& KYC guidelines.

3. District Co-operative Central Bank, Eluru (Andhra Pradesh)

• Penalty: ₹50,000
• Reason: KYC violations(Section 47A(1)(c) + Sections 46(4)(i) & 56).

Key Provisions Involved:

• Section 20– No lending to directors
• Section 47A(1)(c)– RBI monetary penalty powers
• Sections 46(4)(i) & 56– Penalties applicable to co-operative banks

Significance:

• Highlights need for discipline, transparency, accountability& strict governance in cooperative banking.

Federal Bank Launches ‘Bharat Surotsav’

• A cultural initiative to celebrate India’s musical heritage.

PhonePe Partners with OpenAI for ChatGPT Adoption in India

• Partnership aims to scale ChatGPT adoption for Indian users, integrating AI-based assistance into PhonePe’s ecosystem.

4. National & State News

National Biodiversity Authority Releases ABS Funds for Red Sanders Conservation (Odisha)

• NBA released ₹29.40 lakhto Odisha Forest Department under Access and Benefit Sharing (ABS).
• Funds linked to auction of naturally fallen Red Sanders logsfrom Parlakhemundi Forest Division (over 100-year-old trees).
• Origin: Logs fell due to 2018 cyclone, auctioned by Odisha Forest Development Corporation.
• NBA has released over ₹50 croreso far to:
  • Andhra Pradesh Forest Dept
  • Karnataka Forest Dept
  • Andhra Pradesh State Biodiversity Board
• Additional ABS releases:
  • ₹3 croreto 198 farmers in Andhra Pradesh
  • ₹55 lakhto 18 farmers in Tamil Nadu
• Odisha becomes 4th stateto receive ABS funds for Red Sanders.
• Funds used for protection, conservation, sustainable useof biological resources.

5. International Tourism

13th International Tourism Mart 2025 – Inaugurated in Gangtok, Sikkim

• Purpose: Promote tourism potential of Northeast India.
• Focus on domestic & international tourism promotion, sustainable tourism, and strengthening regional tourism networks.

6. Science & Technology

ISRO Successfully Tests Main Parachute System for Gaganyaan Crew Module (UP)

• Test conducted at Babina Field Firing Range, Jhansi, UPunder Integrated Main Parachute Airdrop Tests (IMAT).
• Purpose: Validate parachute system for safe astronaut landing.
• Crew module mass dropped from 5 km altitudeusing IAF IL-76 aircraft.
• Parachute system: 10 parachutes, 4 types:
  • 2 Apex Cover Separation
  • 2 Drogue
  • 3 Pilot
  • 3 Main parachutes (only 2 neededfor safe landing due to redundancy).
• Test included:
  • Asymmetric dis-reefing(delayed opening of one main parachute)
  • Reefed inflation → disreefingusing pyro devices
• Organisations involved:
  • VSSC, ADRDE, DRDO, IAF, Indian Army
• In Aug 2025, IADT-01validated earlier portions of the system.

7. Summits & Conferences

22nd All India Annual TDS Conference – Bhopal

• Hosted by CBDT; platform for tax administrators.
• Participants: Principal CCITs, CCITs, DGs, senior TDS officers.
• Key Agenda:
  • Review of amendments to Income Tax Act 2025
  • Revised TDS provisions, reporting thresholds, compounding guidelines
  • Promoting voluntary compliance& transparency
• Digital focus:
  • Automated TDS tracking
  • Enhanced analytics
  • Digital dashboards
  • Better taxpayer communication portals
• Goal: Simplified compliance, reduced litigation, improved efficiency.

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