Notes:
The Union Government has recently approved 28 Food Processing Projects worth more than 320 crore rupees. They are supported with a grant of over Rs 107 crore by the Ministry of Food Processing Industries.
They are approved under the Scheme for Creation and Expansion of Food Processing and Preservation Capacities (CEFPPC). The aim of the scheme is to create processing and preservation capacities and expansion of existing food processing units.

Notes:
The Indian Navy is participating in the two-day exercise SITMEX-20, along with the Republic of Singapore Navy (RSN) and Royal Thai Navy (RTN).
The exercise is being conducted as a ‘non-contact, at sea only’ exercise, in the Andaman Sea, on account of Covid-19. Indian Navy to Host Exercise SIMBEX-20 with Singapore Navy in Andaman Sea.

Notes:
Retired Major General R N Chibber, who had participated in 1962, 1965 and 1971 wars, recently passed away.
The 86-year-old veteran officer had worked in Afghanistan from 1972 to 1975 as a military attache. He also commanded the 8 Jat Regiment. He was awarded Vishisht Seva Medal (VSM) for his distinguished service.

Notes:
An Internal Working Group (IWG) of the Reserve Bank of India (RBI) has recommended raising the cap on promoters’ stake in private sector banks to 26% in 15 years.
At present, the percentage of stake is mandated at 15% of the equity share capital of the bank. The group also suggested to allow large corporate or industrial houses, as promoters of banks after necessary amendments to the Banking Regulation Act, 1949.

Notes:
The 59th National Pharmacy Week (NPW) is celebrated throughout the country from November 16-22, 2020.
This year, the theme of the National Pharmacy Week (NPW) is “Pharmacists: Frontline Health Professionals”. The Indian Pharmaceutical Association (IPA) is the national professional body of pharmacists, which leads the celebrations.