Daily Current Affairs Quiz: November 12, 2026

Notes:
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation of the Stand-Up India Scheme for five years, until 31 March 2031. The extended scheme aims to provide financial assistance to an additional 2.5 lakh entrepreneurs belonging to women, Scheduled Castes (SCs) and Scheduled Tribes (STs). The Cabinet also approved a Credit Guarantee Corpus of ₹4,111 crore to strengthen the scheme’s lending framework. The scheme was launched in April 2016 to promote entrepreneurship among women and SC/ST communities. Since its launch, it has facilitated loans to more than 2.75 lakh entrepreneurs from these groups. It provides loans to eligible women, SC and ST entrepreneurs for establishing greenfield enterprises (new businesses).

Notes:
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation of the Credit Guarantee Fund for Micro Units (CGFMU) for five years, until 31 March 2031. The Cabinet approved a ₹5,000 crore corpus to support the scheme. The extension is expected to facilitate loans worth ₹12.6 lakh crore under the Pradhan Mantri Mudra Yojana (PMMY) over the next five years. CGFMU was launched in January 2016 and operates through the National Credit Guarantee Trustee Company Limited (NCGTC). It provides credit guarantee support to lending institutions against the risk of defaults on eligible loans, encouraging collateral-free lending.

Notes:
The first BIMSTEC Health Ministers’ Meeting was held in Colombo, Sri Lanka. Union Health Minister J. P. Nadda represented India at the meeting. He highlighted India’s progress in Universal Health Coverage through Ayushman Bharat, improved public health infrastructure and digital healthcare initiatives. India emphasised cooperation among BIMSTEC countries in health security, pandemic preparedness, One Health and traditional medicine. India also reaffirmed its commitment to hosting the BIMSTEC Centre of Excellence in Traditional Medicine at Jamnagar, Gujarat. The first BIMSTEC Senior Officials’ Meeting on Health was held in Colombo on 10 November 2026, ahead of the Health Ministers’ Meeting.

Notes:
The 31st CII Partnership Summit 2026 was held in Visakhapatnam, Andhra Pradesh on 12 November. The two-day summit was held under the theme “Navigating the New World Order: Trade, Technology, Trust and Thought Leadership.” It is organised by the Confederation of Indian Industry (CII) in association with the Department for Promotion of Industry and Internal Trade (DPIIT) and hosted by the Andhra Pradesh government. Nearly 3,800 delegates from around 58 countries, including 16 overseas ministers, participated in the event. The summit aims to facilitate investment deals worth up to ₹11 lakh crore, with the potential to generate approximately 2.5 lakh jobs.

Notes:
Ningol Chakouba is a traditional festival celebrated in Manipur to strengthen the bond of love between married women and their brothers and paternal families. The festival is celebrated on the second day of the Hiyangei month of the Meitei calendar. During the festival, married women are invited to their paternal homes for a special feast with their brothers and other family members. The celebration symbolises family affection, togetherness and the relationship between married daughters and their parental families. Fish curry is an essential dish served during the festival.