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Important Current Affairs 2nd DECEMBER 2017

Important Current Affairs 2nd DECEMBER 2017

Current Affairs 2nd DECEMBER 2017: NATIONAL NEWS

Niti Aayog to make women entrepreneurs cell


In the International Entrepreneurship Conference (GES) concluded on 30th November 2017, the Policy Commission announced the formation of a women cell. This cell will be set up to assist women entrepreneurs.
●    The Telangana government also announced three initiatives, including the installation of the incubator to encourage women.
●    Chief Executive Officer of the Policy Commission, Amitabh Kant announced that after the expiration of the GES conference this cell will provide all kinds of assistance including legal and intellectual property and act as catalyst.
●    Under the Atal Innovation Mission, female schools will be selected on priority basis for tinkering labs.
●    Robots and 3D printers will be provided in these selected schools.
●    He also announced that under the Atal Innovation Mission, the facility of incubator will be provided to industries established by women entrepreneurs.
●    Under the Atal Innovation Mission, the states will be connected with the VHUB for assistance.
●    For the women entrepreneurs, a special fund of Rs 15 crore has been announced with the establishment of a Technology Fund (T-Fund).
●    Under this fund, women entrepreneurs can get Rs 1 crore to Rs 25 lakh.

Badri Narayan Sharma appointed as president of National Anti-Profit Authority

On November 28, 2017, the Central Government has appointed Badri Narayana Sharma, Indian Administrative Service (IAS) officer as the president of National Anti-Profit Authority.
●    After the decision of a committee headed by Cabinet Secretary PK Sinha, the decision has been taken by the Government on the appointment of the Chairman and its members.
●    The purpose behind the formation of this Authority is to bring the benefits of reduced rates in the new indirect tax system to the consumers.
●    Technical members include Jesse Chauhan, Bijay Kumar, CL Mahar and R Bhagyadevi.
●    Union Minister of Information Technology Ravi Shankar Prasad had said after the Cabinet meeting that now only 50 such items have been living in the slab by 28 percent of GST.
●    At the same time, the tax rate on many items has been reduced to five percent.
Badri Narayan Sharma is a 1985 batch IAS officer of Rajasthan cadre.
●    He was appointed as Additional Secretary in the Ministry of Energy in the year 2015.
●    The Central Government had approved the formation of GST 'National Anti-Profit Authority' on November 16, 2017.
●    Despite the reduction in GST rates, if the prices of any item or service are not reduced, then this Authority will take action.

Current Affairs 2nd DECEMBER 2017: APPOINTMENT

Salil s. Parekh to be new MD and CEO of Infosys

Infosys, the IT giant, on Saturday, Parekh has announced to be the new CEO and Managing Director of the company. 
●    Parekh will take over from January 2.
●    Parekh is currently a member of the executive board of the French IT Services Company Capgemini.
●    He has secured master's degree in computer science and mechanical engineering from Cornell University.
●    He has done B.Tech in Aeronautical Engineering from IIT Bombay.
●    Nandan Nilekani will remain the non-executive chairman of Infosys
●    The company's interim CEO Pravin Rao will be made Chief Operating Officer (COO).
●    Let me tell you that in August this year, the huge coin made N. R. After the differences with some founding members including Narayan Murthy, he resigned from the post of MD and CEO.
 

Current Affairs 2nd DECEMBER 2017: SCIENCE AND TECHNOLOGY

Bangalore's company aims to complete Facebook Artificial Intelligence Challenge first

A startup company in Bangalore claims that it has become the first company to successfully complete an Artificial Intelligence AI Challenge launched by Facebook in 2015.
●    This challenge was a difficult process in 20 parts.
●    Adopting a special approach, Dual Analytics has completed all 20 goals.
●    They are called 20 QA BABI Tasks, which have been completed by the company with 100J accuracy.
●    According to a company's eligibility, this test was organized by the Facebook AI Research Fair.
●    Its purpose was to explain and assess the performance of AI based programs.
Dataval Analytics is headquartered in Chicago, but its operations office is in Bangalore.
●    It was founded by Lt Col Shashi Kiran, former army officer and Lieutenant Colonel Naveen Xavier.
●    The team of this company has been trained by leading entrepreneurs, innovators, policy makers and thinker Sam Pitroda.
●    Pitroda is the company's chairman.
●    Pitroda said, Facebook made this test in 2015. Many wired companies did great efforts for this, although no company has succeeded in the past.

Current Affairs 2nd DECEMBER 2017: AWARDS


Srikanth and Sindhu awarded 'Indian Sportsman Honor' Award

Indian shuttler Kidambi Srikanth and PV Sindhu were awarded the Best Player of the Year award at the 'Indian Sports Honors' event. 
●    Srikanth has made his name in this year's four Super Series titles.
●    Indian sports captains Virat Kohli and businessman Sanjeev Goenka have started the 'Indian Sports Honors' in support of sports development in the country.
●    Virat Kohli in collaboration with Sanjeev Goenka inaugurated the award in Delhi in September 2017.
●    Through this award, not only cricket, but all the people associated with the game were honored for his contribution.
●    The Indian women team, which reached the finals of the ICC Women's World Cup, was declared the best team of the year.
●    Indian tennis player Sania Mirza was given an inspiring honor. 
●    First Olympic gold medalist Abhinav Bindra was honored for transformational contribution to Indian sports.
 

Current Affairs 2nd DECEMBER 2017: SPORTS

Meerabai Chanu of India won the gold medal in the World Weightlifting Championship


Saikhom Meerabai Chanu became the first Indian woman to win a gold medal in India for two years with a total lift of 194 kg in the World Weightlifting Championship held in Anaheim, USA.
●    This championship is also important because before that he had performed very disappointing in the Rio Olympic Games.
●    In any of the three attempts of the 'Clean & Jerk' section of women's 48 kg group in Rio Olympics, she failed to take full weight.
●    Out of the twelve lifters, he was one of the two weightlifters who did not end their program.
●    Prior to this, only Karnam Malleswari, Olympic bronze medalist in 1994 and 1995, won the top prize twice in the world championship.
●    Due to issues related to doping, some of the world's top weightlifting countries like Russia, China, Kazakhstan, Ukraine and Azerbaijan could not participate in the competition.
●    In the World Weightlifting Championships, Sukhtian Tania of Thailand won the bronze with 182 kg silver and Segura Ana Iris with a total lift of 193 kilograms.
●    Manipur's Saikhom Meerabai Chanu won the silver medal in women's weight category of women in the 2014 Glasgow and the men in Commonwealth Games before World Weightlifting Championship 2017.
●    Another Indian weightlifter Khumukcham Sanjita won the gold medal in the same competition.
 

Current Affairs 2nd DECEMBER 2017: ECONOMY

Union Finance Minister Arun Jaitley formally launched the payment bank 'Paytm Payments Bank' on November 29, 2017.

On this occasion, former Executive Director of Reserve Bank of India P Vijay Bhaskar, Dilip Asbe, Interim CEO of National Payments Corporation of India (NPCI), Vijay Shekhar Sharma, founder and CEO of PETIM, and Renu Satti, MD & CEO of Paytm Payments Bank Limited were present. 
●    At present, there are four other payment banks including Paytm Payments Bank in India.
●    The other three banks are Airtel Payments Bank, India Post Payments Bank and Fino Payments Bank.
●    Paytm was established in 2010, however, it has grown to much after the monopolization.
●    Paytm has a total of 28 million registered users, of which 18 million are using its wallet service.
●    PettyMay Payments Bank is India's largest mobile major, technical vendor bank.
●    Patti Payments Bank is India's first real mobile major bank with zero fees and zero minimum balance on online transactions.
●    This bank has been designed to help in achieving financial inclusion in the country.
 

Current Affairs 2nd DECEMBER 2017: DAYS AND DATES

World AIDS Day celebrated


World AIDS Day was observed internationally on December 01, 2017. On this occasion awareness programs, discussions and seminars were organized in every country.
●    The topic 'Everybody Counts' has been set for the year 2017 by the International Health Organization (WHO).
●    World AIDS Day -2017 is also being circulated with the "Right to Health" campaign. The World Health Organization is highlighting the needs of 36.7 million people infected with HIV in this celebration.
●    Various types of programs are organized on World AIDS Day to increase public awareness and disseminate the message of that particular year.
●    The main goal of the program is to raise awareness among the people. Awareness campaign was started by the Government of India on this occasion.
●    As part of World AIDS Day, the United Nations Children's Fund (UNICEF) has said that it is more important to stop the transition between children of 15 years, emphasizing greater investment and access to treatment for children.
●    The thoughts about World AIDS Day were first expressed in 1987 by Thomas Netter and James W. Bann.
●    Both Thomas Netter and James W. Bunn were public information officers for both the World Health Organization Geneva, Switzerland AIDS Global Program.


 

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Important Current Affairs 1ST DECEMBER 2017

Important Current Affairs 1st DECEMBER 2017

Current Affairs 1st DECEMBER 2017: NATIONAL NEWS

National cabinet approved to set up National Nutrition Mission

In the chairmanship of Prime Minister Narendra Modi, the Union Cabinet has given its approval for the establishment of the National Mission on Nutrition (NNM) starting from 2017-18 with a budget of Rs 9046.17 crore.
●    NNM will monitor, supervise, guide and guide the nutritional interventions of the ministries as a top body.
●    This program will take measures to reduce the level of weight loss of children, short nutrition, deficiency of blood and at the time of birth, through targets.
●    It will be encouraged to work, guide and monitor the Ministry and States / Union Territories for better coordination, to maintain synergy for action on time and to achieve the desired goals.
●    More than 100 million people will benefit from this program. 
●    All states and districts will be covered in Phase-i.e. in 315 districts in 2017-18, 235 districts in 2018-19 and remaining districts in 2019-20.


S. K. Chaurasia Appointed as DG, Ordnance and President, Ordnance Factory Board

Mr. Sunil Kumar Chaurasia, IOFS has been appointed as the new Director General, Ordnance Factory (DGOF) and President, Ordnance Factory Board (OFD) from December 1, 2017.
●    Earlier, the members were the Ordnance Factory and were looking after the work of the Department of Materials and Purchase.
●    After taking a bachelor's degree in mechanical engineering from Jabalpur, he took a M.Tech degree from IIT Kharagpur and Mr. Chaurasia presented the Indian Ordnance Factory in 1981.
●    Government of India sent them a joint republic to MBA.
●    Thereafter, Mr. Chaurasia was present in the Indian Public Administration Institute in New Delhi during the service training and he was awarded the degree of MPhil.
●    During his service in the Ordnance Factory, he achieved very rich and diverse experience in production and operational management, arms and ammunition production.
●    He has made extensive tour around the world with his official work.
●    Shri Chaurasia was selected from the year 1992 to 1997 to work as a Deputy Secretary and then to work as Director in the Ministry of Defense.
 

Current Affairs 1st DECEMBER 2017: DAYS AND DATES


President of India inaugurated the Hornbill Festival of Nagaland and State Establishment Day On this occasion, the President said that the Hornbill Festival is a demonstration of the rich culture and traditions of the Naga adopted for years in the form of music, dance and food.


●    The Hornbill Festival and International Music Festival in Osama signify the difference of Naga Samaj.
●    The President said that the last half century has been the time for the achievements and difficulties of Nagaland. The people of Nagaland gave many types of examinations.
But their important abilities and good looks clearly appeared.
●    Today Nagaland is on the brink of creating history.
●    After years of riots, there has been some hope now.
●    With the help of the people of the state, civil society institutions and all the partners, there has now been a permanent peace opportunity.
●    He expressed confidence that the ultimate agreement to fulfill all the requirements of justice and fulfillment of all will be done shortly.
●    The President said that the young country of Nagaland is proud of the country.
●    He was the true follower of the first Captain Dr. TAO, who led the national football team in the Olympic Games held in London in 1948 after independence.
 

Special campaign to celebrate Armed Forces Flag Day


Since 1949, Armed Forces Flag Day is celebrated every year on 7th December throughout the country to honor the soldiers fighting our borders to protect the honor of the martyrs and the country.
●    In order to help such Divyang ex-servicemen, war widows, children of martyrs and other such beneficiaries, the Armed Forces flag day fund was established in 1993, which requires our care and support.
●    This year, the Ministry of Defense is organizing digital week campaign from 1 to 7 December 2017, which will be celebrated as Armed Forces Week.
●    This campaign will be celebrated as expressing solidarity with the Armed Forces personnel of the entire country.
●    The aim of this campaign is to create awareness about the Armed Forces Flag Day Fund and encourage people to liberally contribute.
●    This campaign is to ensure the support of the whole country for the welfare of ex-servicemen and their families.
●    This is the purpose of Defense Minister Smt. Nirmala Sitharaman, which he had fixed immediately after assuming the charge of the Ministry of Defense.

Current Affairs 1st DECEMBER 2017: ECONOMY

Central Board of Direct Taxes (CBDT) signed two Indian Advance Price Agreements (APAs) in November 2017

The Central Board of Direct Taxes (CBDT) has made bilateral advance pricing agreements (APAs) during November 2017. 
●    These agreements are the first bilateral APA with the Netherlands.
●    With the signing of these agreements, the total number of APA registered by CBDT has increased to 186.
●    It includes 171 one-way APAs and 15 bilateral APAs.
●    These two are related to the electronics and technology sectors of the APA economy.
●    These agreements include distribution in international transactions, providing marketing support services, arranging business associate services etc.
●    The APA provisions were introduced in the Income Tax Act in the year 2012 and the "rollback" provisions were introduced in the year 2014.
●    The APA scheme attempts to provide certainty for taxpayers in the area of transfer value by specifying pricing methods and by determining prices.
●    The APA scheme has been well received by the taxpayers only from its establishment.
●    The progress of the APA scheme strengthens the government's resolve to promote non-adverse tax regime.

Foreign exchange reserves rise to $ 400 billion


According to the weekly data of the Reserve Bank of India, the country's foreign exchange reserves rose by $ 1.208 billion to $ 400 billion in the week ending on November 24 and reached $ 400.741 billion.
●    In the previous weekend, the country's foreign exchange reserves rose by $ 24.04 million to $ 399.533 billion.
●    The Reserve Bank of India said today that due to the acceleration in foreign exchange assets, the country's foreign exchange reserves have increased.
●    In the review week, the important part of the total foreign exchange reserves, i.e. Foreign Currency Assets: FCA: $ 12.08 billion to $ 376.304 billion.
●    In the FCA to be expressed in the US dollar, the effects of non-monetary currencies such as the Euro, Pound and Japanese Yen kept in the money reserve are: the effects of devaluation are included.
●    Gold reserves remained unchanged at $ 20.666 billion.
●    It has said that the IMF has reduced the country's monetary reserves by two million dollars to $ 2.272 billion.

Current Affairs 1st DECEMBER 2017: GLOBAL NEWS

Seminar on the Strategic Challenges of International Humanitarian Law (IHL) due to the changing nature of conflict in the campaigns of keeping peace

Due to 'the changing nature of conflict in the campaigns of keeping peace', a joint seminar is being organized from 30 November to 1 December 2017 at the Standards Center New Delhi between ICRC and CUnp on the strategic challenges of International Humanitarian Law (IHL).
●    In the changing form of armed conflicts in the seminar and its impact on the maintenance of IHL and peace, the impact of armed struggle on the sensitive population and policies to deal with these challenges, how technology can be helpful in solving the challenges faced by them, Etc. will be focused on locating.
●    A total of 17 participants from 14 countries and 50 Indian officers are participating in the seminar to avail this seminar and to be available for the United Nations to be deployed in the war zone.
●    Seminar is being organized by some of the world's most experienced and eminent speakers including CUnpk and ICRC.
●    It has been ensured that in order to balance the field of training, mission and direction, instructors and trainers from all continents should be involved.
●    Seminar is being organized in India due to successful coordination between the Ministry of Defense, Foreign Ministry, CUnpk and ICRC.
 

Current Affairs 1st DECEMBER 2017: SCIENCE AND TECHNOLOGY

CWPRS Pune and CSMRS New Delhi get ISO certificate

The ISO 9001: 2015 certificate has been given to the Central Water and Electrical Research Center (CWPRS), Pune, under the Sub-Office of Water Resources, River Development and Ganga Protection Ministry.
●    This certificate has been given to this center for research and development (R & D) support and consultation through specific / original hydraulic research for project related to water resources electricity and coastal engineering.
●    CWPRS is the main central agency to meet the R & D needs of hydraulics and allied subjects to develop safe and economical design of hydraulic structures in water resources projects, river engineering, power generation and coastal engineering projects. Does.
●    To share research and knowledge in the investigation, consultation and soil mechanics and foundations of engineering, rock engineering, concrete technology and related fields, Central Water and Materials Research Station (CSMRS), New Delhi, affiliated to the Water Resources, River Development and Ganga Conservation Ministry. ISO 9001: 2008 certificate has been provided.
●    CSMRS is the country's leading organization in the field of laboratories and laboratories in the field of Geotechnical engineering and civil engineering materials, especially in the construction of river valley projects and in the security assessment of existing dams.
●    This research shop also controls the quality of construction of various river valley projects.
 

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Important Current Affairs 30th November 2017

Important Current Affairs 30th November 2017

Current Affairs 30th November 2017: NATIONAL NEWS

Cabinet approves MoU between India and Italy for cooperation in Agriculture and Phytosanitary issues 

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved signing of a Memorandum of Understanding (MoU) between India and Italy for cooperation in Agriculture and Phytosanitary issues. 
●    It replaces the earlier MoU signed in January, 2008 which is going to expire in January, 2018. 
●    The MoU provides for cooperation in the fields of Phytosanitary issues, agricultural production and a wide range of other sectors including animal husbandry, agricultural research, food processing and other additional fields as may be mutually decided by both the sides.
●    The MoU has provision for exchange of information on the situation of agriculture and rural development, strengthening of technical exchange and production cooperation in respect of agricultural mechanization/farm machinery and agro-industrial infrastructures, removal of technical barriers and exchange experiences in animal husbandry sector including modern scientific researches and technologies etc.
●    The MoU provides for setting up of a Joint Working Group in order to promote bilateral exchanges in the field of agriculture, consider long-term initiatives for agricultural cooperation, and promote cooperation in order to reduce phytosanitary risks in exported goods also through the definition of specific joint procedures.
 

Cabinet approves transfer of landed assets owned by Hindustan Vegetable Oils Corporation Ltd. to Ministry of Housing and Urban Affairs 


The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval for transfer of all land assets owned by Hindustan Vegetable Oils Corporation Ltd (HVOC) to Ministry of Housing and Urban Affairs (MoHUA) or its authorized agency for appropriate utilization/ disposal.
●    In lieu of the transfer of the land assets of HVOC, complete liabilities of HVOC towards loans taken from the Government including interest would be written off. 
●    The Government shall also take care of all contingent liabilities of HVOC that may arise in future due to pending cases in various courts/tribunals/authorities.
●    The land located in seven cities are lying unutilized for many years. 
●    The transfer of the properties to MoHUA would enable use of the land for public purpose. 
●    This will facilitate early winding up of HVOC, which is a sick PSU under liquidation.


MoS Home Kiren Rijiju to inaugurate three-day Kathakar: International Storytellers Festival

The Minister of State for Home Affairs Shri Kiren Rijiju will inaugurate 7th edition of three day ‘Kathakar: International Storytellers Festival’ tomorrow at the Indira Gandhi National Centre for the Arts ( IGNCA), New Delhi. 
●    Member of Parliament, Shri Manoj Tiwari, Filmmaker and composer Shri Vishal Bhardwaj, singer and musician Shri Mohit Chauhan, Australian High Commissioner to India Mr Harinder Sidhu and Member Secretary, IGNCA, Dr Sachchidanand Joshi will also participate in the event tomorrow.
●    Kathakar is the only oral storytelling festival in India and is a part of Ghumakkad Narain- the Travelling Literature Festival which was started under the aegis of UNESCO in 2010. 
●    Kathakar is an attempt to not just preserve the art form but also create new audiences for the same.
●    Another highlight of the inaugural session is the launch of the book 'Curious Tales from the Himalayas' co-authored by Shaguna Gahilote and Prarthna Gahilote. 
●    For the first time, the festival in Delhi will also have a circus Act performed by children from the slums trained by Swedish Circus master Andreo. 


6th International Tourism Mart being organized in Guwahati, Assam from 5-7 December 2017


The Ministry of Tourism, Government of India, in association with the North Eastern States is organising the “International Tourism Mart” (ITM) in Guwahati, Assam from 5-7 December, 2017. 
●    The event will be held in Taj Vivanta, and will be inaugurated on 5th December by His Excellency, Shri Jagdish Mukhi, Governor of Assam in the presence of Shri Sarbananda Sonowal, Chief Minister Assam and Shri K.J Alphons MoS (IC), Ministry of Tourism & MoS, Ministry of Electronics and Information Technology, Union Secretary Smt. Rashmi Verma and other dignitaries from Central Ministries and North Eastern States.
●    The 6th International Tourism Mart, will put the spotlight on India’s “Act East Policy”, blossoming ties with ASEAN and the larger East Asia region, home to the world’s rapidly growing economies and India’s emerging tourism markets. 
●    Besides deliberations on promotion of tourism in the Northeast Region in general, keeping the objectives of the ''Act East Policy” in view, the panel discussions will also focus on promoting cultural ties, people-to-people contact with countries in the ASEAN region providing enhanced connectivity to the States of North Eastern Region with other countries in our neighbourhood, thereby developing inter-regional tourism between the ASEAN and North East Region of India. 
●    The ITM 2017 will also see an active participation by the Ministry of DONER to synergize the process of development of tourism of the North East Region.

Current Affairs 30th November 2017: INTERNATIONAL RELATION

Cabinet approves investment cooperation and facilitation treaty between India and Brazil 

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing and ratification of the Investment Cooperation and Facilitation Treaty (ICFT) between India and Brazil.
●    The Treaty will result in increase of investment flows between the two countries.
●    The ICFT between India and Brazil will provide appropriate facilitation to Brazilian investors in India and Indian investors in the Brazil. 
●    It is likely to increase the comfort level and boost the confidence of investors by assuring a level playing field and non-discrimination in all investment facilitation matters, thus providing conducive investment climate to investors. 
●    It would help project India as a preferred Foreign Direct Investment (FDI) destination to all Brazilian investors.

Current Affairs 30th November 2017: ECONOMY

Anil Ambani to file a defamation case against Singhvi for Rs 5,000 crore


Reliance Group, led by Anil Ambani, said today that he will register a case of defamation of Rs 5,000 crore against Congress spokesperson Abhishek Manu Singhvi for giving false and defamatory statements.
●    The Reliance Group spokesman said, Abhishek Singhvi has given a hoax, abusive and malicious statement against the group.
●    We will file a lawsuit of Rs 5,000 crore against Singhvi for such false and insulting statements.
●    Earlier, in the day, Singhvi did not waive any debt of industrialists regarding this statement of V. Minister Arun Jaitley, accusing them of fooling people.
●    Singhvi claimed that the government deliberately put a debt of Rs 1.88 lakh crore to those who did not return the debt.
●    Singhvi said, one of them publicly declared last month that he will close his telecom business, which is owed to the banks of Rs 45,000 crore.

Current Affairs 30th November 2017: GLOBAL NEWS

Google's new App Daytally


Google, a leading technology company, introduced a new app, daytally today, which will help users to monitor mobile data usage and save data.
●    According to the company's official blog, mobile users can track their data usage accurately through the data-line.
●    This app will recommend saving data and information about public WiFi availability nearby.
●    According to this, this app will run only on Android 5.0 and above.
●    It can be downloaded from the Google Play Store.
●    Vice President Next billion user in Google, Cesar Sengupta has said in this blog that mobile data is expensive for many people in the world.
●    The biggest problem is that people do not know where the data expense is going on, so Google has prepared this app.

Current Affairs 30th November 2017: DAYS AND DATES

One rupee note turns 100 years today

One rupee note has become 100 years old today.
●    The history of coining silver coins in place of silver coins on November 30, 1917 goes to the era of World War I.
●    During World War I used to run a coin of silver which used to be silver, but due to the war the government was unable to make a silver coin, and for the first time on November 30, 1917, a rupee note came to the public.
●    It replaced the silver coin.
●    On the note of this first one rupee printed on hand-made paper, a picture of King George V of the UK was printed on the left.
●    It was also signed by three Finance Secretary MMS Gabbay, AC McWaters and H. Denning.
●    Later, the printing of this note was started again in 2015.
●    The most notable thing about this note is that it does not issue the Reserve Bank of India like other Indian notes, but the Government of India itself prints it.
●    It is not the Governor of the Reserve Bank but the signature of the Secretary of the country.
 

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Important Current Affairs 29th November 2017

Important Current Affairs 29th November 2017

Current Affairs 29th November 2017: NATIONAL NEWS

National Consultation on Accelerating Implementation of Urban Missions-Pmay-Urban- Strategies & Way Forward 


A day long national Workshop on National Consultation on Accelerating Implementation of Urban Missions-PMAY(Urban) was inaugurated by Shri Hardeep Singh Puri, Minister of state for Housing and Urban Affairs(I/C) here last Friday. 
●    The Workshop chaired by Sh Durga Shankar Mishra, Secretary in the Ministry was attended by nearly 170 participants including Principal Secretary (Urban Development) of states, state Mission Directors for SBM, Municipal commissioners and other officials of cities with population of 5 lakh and above, and of nearby cities of NCR area, as well as representatives from Ministry partners.
●    The Ministry proposes to launch the Global Housing Construction Technology Challenge (GHCTC) to globally identify best technologies which are suitable for mass housing. 
●    Through this challenge, all entrepreneurs, technology providers, institutions, academia and other stakeholders across the globe are proposed to be invited to contribute to the future of India's Housing Development. 
●    The Ministry also proposes to conduct Region/ State wide demonstration of technologies to explore and identify appropriate technologies as a way forward.
●    The Ministry of Housing & Urban Affairs (MoHUA) has been implementing PMAY (U) which aims at providing pucca houses to all eligible urban poor including slum dwellers. 

Ministry of Railways launched 1ST Swarna Rajdhani


To improve passenger experience, Ministry of Railways decided to upgrade Premium Rajdhani and Shatabdi trains under Project ‘Swarna’. 
●    With improved passenger amenities, aesthetics and hygiene standards, Country’s first Swarn Rajdhani (Train no 12313 New Delhi – Sealdah Rajdhani Express) was launched in New Delhi today i.e. 29th November, 2017 at New Delhi Station. 
●    Member, Rolling Stock Shri Ravindra Gupta was especially present to introspect the revamped rake.
●    For this programme, Ministry had formed nine teams of two officers each from Railway Board to monitor the progress of work under each dimension of Project Swarna. 
●    14 Rajdhani trains & 15 Shatabdi trains have been selected for the first phase of this Project.
●    The first revamped rake of Rajdhani under the project was rake of Sealdah Rajdhani (12314 New Delhi-Sealdah) which was launched today from New Delhi.
●    An expenditure about Rs. 35 lakhs has gone into this rake which translates into less than Rs.2 lakh per coach.

Hyderabad open metro rail for public


The commercial operation of the Hyderabad metro rail has started from today.
●    During this time people shared their convenient and comfortable experiences.
An elderly Dampi who traveled through the metro said that he is very excited to travel to Metro for the first time and hoped that sanitation will be maintained at the stations with the help of the public.
●    A software professional woman said, this is amazing. This will free us from being caught in the jam and save time.
●    It is a convenient way of transport and comfortable ride.
●    At the same time, a businessman in the city said that traveling between Miyapur and Ameerpet usually takes 45 minutes, but due to the arrival of Metro, it takes me 20 minutes to get to the destination.
●    The passengers also thanked the Telangana Government, Central Government and Hyderabad Metro Rail Ltd for providing metro service.
●    L &T Metro Rail Hyderabad Ltd said in a statement that Metro Rail operations have been started between Nagaland from Miyapur.

Current Affairs 29th November 2017: SPORTS

Indian Competition Commission imposes Rs 52.24 crore penalty on anti-competitive attitude on Board of Control of Cricket


The Competition Commission of India (CCI) has found Board of Control for Cricket in India (BCCI) to be in contravention of the provisions of Section 4(1) read with Section 4(2)(c) of the Competition Act, 2002 (Act) for its assurance to the broadcasters of Indian Premier League (IPL) that BCCI shall not organize, sanction, recognize, or support another professional domestic Indian T20 competition that is competitive to IPL, for a sustained period of ten years.
●    After a detailed investigation by the DG, CCI found that BCCI enjoys a dominant position in the market for organisation of professional domestic cricket leagues/ events in India. 
●    Based on the nature of activities performed, BCCI has been held as an enterprise and thus, would come under the purview of the Act. 
●    While recognising the role of sports federation in taking measures to serve the integrity or development of the sport, CCI held that the impugned restriction had no nexus to the legitimate interest of cricket in the country. 
●    Rather, the restriction was pursued to enhance the commercial interest of the bidders of IPL broadcasting rights and the consideration in turn received by BCCI. 
●    Therefore, the impugned restriction has been held to be in contravention of Section 4(1) read with Section 4(2)(c) of the Act.

Current Affairs 29th November 2017: DEFENCE

Rear Admiral Sandeep Beecha takes over charge as the Commandant, Naval War College 

Rear Admiral Sandeep Beecha took over the reins of the Naval War College from Rear Admiral Monty Khanna, AVSM, NM as its third Commandant, at a ceremonial parade held at INS Mandovi, Goa on Wednesday. 
●    Naval War College is the pre-eminent Iconic Institution facilitating Higher Education, War gaming and Cutting Edge Research on Maritime Security and Warfare at Strategic and Operational level.
●    Rear Admiral Sandeep Beecha is an alumnus of Naval Academy and was commissioned in the Indian Navy on 21 Jul 1986. 
●    He is a Navigation and Direction Specialist. 
●    He has commanded CGS C-05, INS Ajay, INS Vindhyagiri, INS Rajput and he has earlier served at Goa as Commanding Officer of INS Mandovi. 
●    His staff appointments include Joint Director Staff Requirements, Naval Assistant to the Vice Chief of the Naval Staff and Principal Director Foreign Cooperation, all at Naval Headquarters, New Delhi.
●    The officer has undergone the Principal Warfare Officers (PWO Basic) Course at HMS Dryad (UK), the Staff Course at the Defence Services Staff  College, Wellington and the Naval Higher Command Course at Mumbai. 

Current Affairs 29th November 2017: INTERNATIONAL RELATION

India and Italy sign MoU for enhanced cooperation in the health sector 


India and Italy signed a Memorandum of Understanding (MoU) for enhanced cooperation in the health sector, here today. 
●    Shri J P Nadda, Union Minister of Health & Family Welfare and Ms. Beatrice Lorenzin, Health Minister of Italy signed the MoU in the presence of senior officers from the Health Ministry and a high level delegation from Italy.
●    Shri J P Nadda stated that both the countries share a strong and rich traditional relationship which has been enhanced by high level visits. 
●    Also, there is a mutual interest in the promotion of stronger ties in the health sector, he added. 
●    The MoU recognizes the potential for exchanges in the health sector between the two countries and the need to tap the capabilities and opportunities in a focused and comprehensive manner, Shri Nadda stated.
●    The objective of this MoU is to establish comprehensive inter-ministerial and inter-institutional cooperation between the two countries in the field of health by pooling technical, scientific, financial and human resources with the ultimate goal of upgrading the quality and reach of human, material and infrastructural resources involved in health care, medical education & training, and research in both countries.

Current Affairs 29th November 2017: ECONOMY

Higher Education Funding Agency (HEFA) approves projects for Rs. 2,066.73 Cr to six higher education institutions. 


For providing additional funds for research and related infrastructure, Higher Education Funding Agency (HEFA), has started its operations. 
●    The HEFA Board had held its 2nd meeting today and approved projects for Rs. 2,066.73 Cr for six institutions – IITs Bombay, Delhi, Madras, Kharagpur, Kanpur and NIT Suratkal. These funds would be used to improve the research infrastructure in these institutions to further improve their standing at the global level.
●    These institutions can avail of these funds as per the progress of the project and complete them. 
●    The funding under HEFA would be in addition to the grants being given to these institutions.
●    Expressing happiness over the approval of interest-free loans by HEFA Board, Union HRD Minister Shri Prakash Javadekar said that today is a historic day for financing the needs and promotion of research and innovation beyond budgetary allocations. 
●    The Union Budget gives ample allocation and grants to Higher Education institutions but still there is a greater need. 

Current Affairs 29th November 2017: DAYS AND DATES

Three day India-Afghan Cultural Festival inaugurated in New Delhi today 


The Minister of State (Independent Charge) for Culture, Dr. Mahesh Sharma and Minister of Culture and Information of the Islamic Republic of Afghanistan, His Excellency Prof. Moh. Rasool Bawari inaugurated the India-Afghan Cultural Festival in New Delhi today. 
●    The Festival has been jointly organized by the Government and Embassy of Afghanistan along with the Government of India and ICCR.
●    Speaking on the occasion, Dr. Mahesh Sharma said that India and Afghanistan enjoy age old cultural and civilisational ties and the deep-rooted linkages in the fields of music, art, architecture, language and cuisine constitute an important bond of friendship between the people of the two countries.
●    While exponents of Afghan classical music such as Ustad Sarahang were trained in the Patiala Gharana, the popular Indian music of bollywood resonates in Afghan homes, Dr. Mahesh Sharma explained. 
●    The central Bamyan province of Afghanistan is an epitome of our shared Buddhist heritage, he added. 
●    Dr. Mahesh Sharma said that Gurudev Rabindranath Tagore’s ‘Kabuliwala’ has connected Indians with the honest and large-hearted Afghans.

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Important Current Affairs 28th November 2017

Important Current Affairs 28th November 2017

Current Affairs 28th November 2017: NATIONAL NEWS


Vice President Shri M. Venkaiah Naidu will inaugurate the Annual Conference on Right to Information on December 6

The Central Information Commission is organizing the 12th Annual Conference on "Right to Information" on December 6, 2017.
●    Vice President Shri M. Venkaiah Naidu will inaugurate this conference and address the function.
●    The Central Information Commission conducted the annual conference on 7 and 8 November last year.
●    This conference has been organized to celebrate the Right to Information Act, 2015 and to understand the implementation of Right to Information Act in the country.
●    In this conference, the information commissioners of all the states and partners from all over the country will participate.
●    In this year's conference, two seminars have been organized in May and July this year to discuss the Right to Information Act 2005- and 'Right to Information Act'.
●    The Central Information Commission has invited such exhibitions of teachers, businessmen, researchers, NGOs / civil society groups, students and other partners in the conference which have been thoroughly researched.

Skil India signed an agreement with the Airbnb for the capacity development of entrepreneurs in the hospitality sector.

This partnership takes the commitment towards the skill India campaign of the Airbnb, under which it will assist in the preparation and empowering of 50,000 generals in India in the field of hospitality.
●    Today, a three-party agreement signed between National Skill Development Corporation (NSDC), Tourism and Hospitality Area Skills Council (THSC) and Airbnb, a leading global company in the field of hospitality, was signed in New Delhi.
●    Under the MoU, skill will be provided to the micro entrepreneurs of India in the field of hospitality.
●    There are immense possibilities in the field of domestic tourism in India and this partnership will help the ecosystem by creating opportunities for women and youth.
We will do everything possible to develop India as a favorite tourist destination. "
●    The signing of the agreement is in line with the skill development program of the Government of India, under which the government is trying to promote entrepreneurship.
●    NSDC is the implementing body of the Government of India's skill and entrepreneurship development.


Pavilion of Ministry of Water Resources won Gold medal in Indian International Trade Fair


Pavilion of Central Water Resources, River Development and Ganga Conservation Ministry got gold medal for outstanding performance in the Ministry / Department category in 2017 at Indian International Fair held in New Delhi.
●    During the two-week long fair, a large number of students, youths and others observed the pavilion and showed special interest in the pictures and models displayed there.
●    During the exhibition, competitions were also organized on various subjects to make people aware about water conservation in the Pavilion.
●    Union Minister of State for Commerce and Industry, Shri C.R. Choudhary gave this gold medal to Joint Secretary of the Ministry, Shri Akhil Kumar at a function held in New Delhi yesterday.
●    Pavilion of National Clean Ganga Mission has received incentive prizes for outstanding performance in the public sector, bank and other government departments / organizations.
●    Various pictures and models related to the government's ambitious Namami Ganges program were displayed in the Pavilion, in which the audience was very interested.
●    The Union Minister of Commerce and Industry, Shri C.R. Chaudhary gave this incentive award to Shri D.P. Mathuria, Executive Director (Technical), National Clean Ganga Mission, at a function held in New Delhi yesterday.


Thaawarchand Gehlot leads Indian Delegation to Beijing for The Cause of Divyangjan 


Shri Thaawarchand Gehlot, Union Minister of Social Justice & Empowerment will be leading the Indian delegation to attend the High Level Inter-Governmental Mid-Point review meeting of Asia and Pacific Decade for Persons with Disabilities, 2013-2022 in Beijing from 29th November to 3rd December, 2017. 
●    The delegation includes Secretary of the Department and other senior officers. This meeting is being organised by United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) in cooperation with Government of China. 
●    The main objective of the meeting is to review the progress made by the member States during the Decade at the mid-point in 2017 with regard to Incheon Strategy 'to make the right real' for persons with disabilities in Asia and Pacific. 
●    Incheon Strategy has been adopted to achieve the goals mentioned in UN Convention for Rights or Persons with Disabilities. 
●    Another objective of the meeting is to discuss the future policy action for building disabilities-inclusive societies in the region, bearing in mind the synergies between the Incheon Strategy and 2030 Agenda for Sustainable Development. 

Current Affairs 28th November 2017: AWARDS

Atom Egoyan receives the Lifetime Achievement Award 


The 9 day long International Film Festival of India 2017 concluded today in a colourful closing ceremony held at Goa. 
●    The theme of this year’s IFFI was ‘Connecting the World through Stories’. 
●    Various prestigious awards including Golden Peacock, Silver Peacock, Lifetime Achievement Award and Indian Personality of the Year Award were conferred during the star studded ceremony.
●    French movie ‘120 Beats per Minute’, directed by Robin Campillo bagged the award for Best Film in IFFI 2017. 
●    The award came with the Golden Peacock trophy, certificate and a cash prize amount of Rs. 40, 00,000 shared between the Director and the Producer equally. 
●    Nahuel Pérez Biscayart, for his role in 120 Beats per Minute bagged the best actor award, picking up the Silver Peacock. 
●    120 Beats per Minute tells the story of a group of activists in Paris in early 1990’s, taking on government agencies and major pharmaceutical companies, battling for HIV/AIDS patients.


President will confer National Award for Divyang Jan Empowerment 2017 on International Day of Persons with Disabilities

 
The President of India, Shri Ram Nath Kovind will confer the “National Award for Divyang Jan, 2017” at a function organized by Department of Empowerment of Persons with Disabilities (Divyang Jan) under the Ministry of Social Justice and Empowerment on International Day of Persons with Disabilities i.e. 3rd December, 2017 in Vigyan Bhawan, New Delhi. 
●    On this occasion, Minister for Social Justice and Empowerment, Shri Thaawarchand Gehlot, Minister of States for Social Justice and Empowerment, Shri Krishan Pal Gurjar and Shri Ramdas Athawale will also grace the occasion.
●    On International Day of Persons with Disabilities i.e. 3rd December  the Department of Empowerment of Persons with Disabilities (Divyang Jan), Ministry of Social Justice and Empowerment presents National Awards to Individuals, Institutions, Organisations, State/District etc for their outstanding achievements and work done towards empowerment of Persons with Disabilities.
●    Within stipulated date, out of the above 14 categories, 984 applications were received from 13 categories. 
●    Four Scrutiny Committees constituted by the Department as per the rules have scrutinized the nominations and were their recommendations are considered by the National Selection Committee. 
●    The National Selection Committee met on 10th and 16th November and recommended 52 persons / institutions for the awards.

Current Affairs 28th November 2017: SCHEMES 

SAUBHAGYA Scheme launched in Manipur 


The Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA) was launched in Manipur today, by Union Minister of State (IC) for Power and New & Renewable Energy, Shri R.K. Singh and Shri N. Biren Singh, Chief Minister of Manipur. 
●    A total of approximately 1.75 lakh households (1.62 lakh rural households and 0.13 lakh urban households) of Manipur are proposed to be included under the Scheme. 
●    Addressing the media at the function, Shri R.K. Singh said that Manipur is the fastest reforming state in Power sector in the country and the Manipur Government is performing well in terms of power sector in the State. 
●    Shri R.K. Singh further said that it is the vision of the Prime Minister Shri Narendra Modi to provide electricity to every household of the country. 
●    Now the Government would come to people’s doorstep to provide power connection to every household. 
●    This is such a scheme where the poorest of the poor can afford electricity in their homes.
●    The Minister promised that people would get 24x7 power supply by March, 2019. 

Current Affairs 28th November 2017: INTERNATIONAL RELATIONS

India and UK to sign an MoU in the Urban Transport Sector 

India and United Kingdom will soon sign an MoU in the urban transport sector for cooperation in policy planning, technology transfer and institutional organisation. 
●    The Minister of Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation Shri Nitin Gadkari met Rt Hon Chris Grayling, Secretary of State for Transport in the Government of UK in London yesterday, when the two sides discussed a draft MoU in this regard.
●    The draft MoU seeks to facilitate cooperation in the transport sector and enable the sharing of expertise and latest technology to promote efficient mobility solutions. 
●    It is also expected to usher in policy reforms that can transform the transport sector through improved customer service/data analysis and better use of IT systems. 
●    The MOU will also help in promoting digital transactions and induction of high capacity diesel/electric vehicles in India. 
●    This MOU will also establish the terms on which such assistance can be provided.
 

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Important Current Affairs 27th November 2017

Important Current Affairs 27th November 2017

Current Affairs 27th November 2017: NATIONAL NEWS

Rajnath Singh and his Russian counterpart sign an Agreement on Cooperation in Moscow 


The Union Home Minister Shri Rajnath Singh arrived in Moscow, Russia yesterday on a three day (27th-29th November) visit there. 
●    He was received by Mr. Igor Zubov, State Secretary and Deputy Minister of Internal Affairs of the Russian Federation at Vnukovo International Airport, Moscow. 
●    Shri Rajnath Singh met Mr. Vladimir Kolokoltsev, Minister for Internal Affairs of the Russian Federation, today during which the Ministers emphasized the strength of the relationship between India and Russia that has been consolidated in the past 70 years in all areas. 
●    The Ministers underlined that cooperation in the field of security is an important aspect of this bilateral relationship further strengthen cooperation to combat terrorism, extremism and radicalism. 
●    They agreed that terrorism must be fought unitedly and there were no good or bad terrorists. 
●    They also agreed to cooperate in combating new challenges, enhance exchange of information, cooperate in building a data base, and in training of police and investigative agencies. 

Maneka Sanjay Gandhi launches an intensive program to train Elected Women Representatives of Panchayati Raj Institutions 

The Minister of Women and Child Development, Smt Maneka Sanjay Gandhi launched an intensive training program for Elected Women Representatives (EWRs) of Panchayati Raj Institutions and Master Trainers, in New Delhi today. 
●    This capacity building program is being organized by National Institute of Public Cooperation and Child Development (NIPCCD) of the WCD Ministry which will ultimately train approximately twenty thousand EWRs covering nearly 50 EWRs from each district by March, 2018. 
●    Addressing the participants at the inauguration of the program, Smt Maneka Sanjay Gandhi said that this is an historic step since for the first time ever an initiative of this scale has been taken up to train EWRs who will go out and administer the villages professionally. 
●    It will help prepare women as political leaders of the future. 
●    The training program will include simple engineering skills will give them an insight into women’s issues as well as focus on education and financial matters, Smt Maneka Gandhi explained. 
●    The Minister disclosed that awards will be given to the Master Trainers to those who have succeeded in empowering EWRs of their areas. 


Atom Egoyan conducts a Master Class at IFFI 2017


Canadian stage and film director, writer and producer Atom Egoyan hosted a special Master Class on Day 8 at the 48th International Film Festival of India.
●    Atom Egoyan is one of Canada’s most celebrated directors and was knighted by the French government and is a Companion of the Order of Canada, the country’s highest honour. 
●    While his film Exotica, which won the FIPRESCI Prize at Cannes’94, was his first international breakthrough, The Sweet Hereafter, his most critically acclaimed film, received two Academy Award nominations. 
●    His other films Where the Truth Lies, Adoration and The Captive have all competed for the Palme d’Or in Cannes.
●    Exotica talks about a dutiful wife and mother re-examining her veneration of her husband after she finds another woman’s underwear in his laundry. 
●    Her quest to find the truth leads her to an unexpected journey of liberation.
●    The IFFI 2017 Atom Egoyan's Master Class held on 27th November was a treat for budding filmmakers and cinema aficionados, as he discussed his filmmaking style and other aspects of direction. 


Health Ministry wins Bronze Medal at the India International Trade Fair 2017 for its creative and informative display 


Ministry of Health and Family Welfare has been awarded the Bronze Medal for its creative and informative display at the 37th India International Trade Fair 2017 being held at Pragati Maidan, here today. 
●    The award was presented by Shri C R Chaudhary, Minister of State (Commerce and Industry) at a function organized to award the winners. 
●    Smt. Vandana Gurnani, Joint Secretary (RCH, IEC) at the Health Ministry received the award on behalf of the Ministry. 
●    Shri L C Goyal, CMD, ITPO and senior officers of the Ministry were also present at the function. 
●    The Health Ministry pavilion highlighted programmes and initiatives of the Health Ministry such as Mission Indradhnaush for expanding full immunization coverage, introduction of new vaccines, Pradhan Mantri Matritva Suraksha Yojana (PMSMA), Mother’s Absolute Affection (MAA) for encouraging breastfeeding, Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) for strengthening the tertiary health sector. 
●    Jansankhya Sthirta Kosh (JSK) also participated in the exhibition through a unique selfie corner which encouraged couples to adopt small family norms. 
●    It created awareness about various schemes for population stabilization through nukkad natak and street plays at Pragati Maidan. 
 

Old tariff approved for renewable energy in Karnataka

Power regulator and Discom had earlier refused to accept the power purchase agreement made with Renewable Energy companies on higher tariffs due to the shortage of power tariff during the last few months, but now they have started to change their attitude.
●    A dispute between the power regulator and the state government in Karnataka has now been resolved.
●    The regulator has now started accepting the PPA signed on the tariff of Rs 4.50 per unit.
●    However, Chairman of the Karnataka Electricity Regulatory Commission, MK Shankarlinge said, "All PPAs will not be approved. We are evaluating each project separately. '
●    However, a developer who holds wind projects in the state told that the Karnataka Discom has informed that the company's PPA will be sanctioned on tariff of Rs 4.50 per unit.
●    ET has seen November 23 letter which clearly states that the 270.5 MW PPA signed before March 31, 2017 will be approved on a tariff of Rs 4.50 per unit.
 

Current Affairs 27th November 2017: AWARDS

President of India confers 3rd ICCR Distinguished Andrologist award on Professor Hiroshi Marui 

The President of India, Shri Ram Nath Kovind, conferred the 3rd ICCR Distinguished Andrologist Award on Professor Hiroshi Marui of Japan today (November 27, 2017) at a function held at Rashtrapati Bhavan. 
●    Speaking on the occasion, the President congratulated Professor Hiroshi Marui for receiving the Distinguished Andrologist Award and thanked him for his exemplary contribution to Indology. 
●    He said that Professor Marui has spent over 40 years working on Indian philosophy and Buddhist Studies. 
●    His many acclaimed publications and research papers are considered a final authority on several subjects the world over.
●    As President of the Japanese Association of Indian and Buddhist Studies, he has made a significant contribution to Indology in Japan. 
●    He expressed confidence that such endeavours will lead to a greater interest in not only classical Indology but also study of India in all its aspects.

Current Affairs 27th November 2017: ECONOMY

The company that publishes the famous Time Magazine will sell for $ 3 billion

On Sunday night, the contract for sale of Time Inc., the company which published the prestigious magazine 'Time', was signed and a long chapter in media history suddenly ended.
●    Time Inc. has also been publishing famous magazines like Sports Illustrated and People.
●    Family Circle, Better Homes and Gardens and Allrecipes agreed to buy the publishing company The Meredith Corporation, Time Inc..
●    For this, Time Inc will get around $ 3 billion (about $ 193 billion) of cash
●    This deal was possible only when two billionaires, Charles G and David H. Coke found $ 65 million (about 42 billion rupees) from the richest equity arm.
●    Both brothers are famous for using their money and their political reach in promoting conservative ideology.
●    'Time' is the same magazine which is ranking the world leader every year.
 

Current Affairs 27th November 2017: GLOBAL NEWS

China Development Bank's application for bankruptcy against RCom

The China Development Bank (CDB) has filed an application for bankership in the National Company Law Tribunal (NCLT) against Reliance Communications, the loss-making Anil Ambani.
●    CDB gave Rcom a loan of $ 1.78 billion.
●    The CDB filed this application on November 24.
●    Any possibility of agreement outside the court with RCom in the CDB's petition has been denied.
●    It is also expected to affect RCom's strategic debt restructuring which Indian banks started in December.
●    Senior advocate Darish Khambata of the Bombay High Court is lobbying for the case on behalf of the CDB.
●    CDB has nominated Abilash Lal as an Independent Resolutions Professional in his application and has given an affidavit that Alvarez and Marshall will be his advisor to take over the company.
●    A person familiar with the matter said that Alvarez and Marshall could offer a resolution plan after taking over a month.

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Important Current Affairs 26th November 2017

Important Current Affairs 26th November 2017

Current Affairs 26th November 2017: NATIONAL NEWS

Instructions for checking the revised income tax returns given by the Direct Taxes Board

The CBDT, the Central Board of Direct Taxes, has asked tax officials to go to the bottom of such cases, in which any taxpayer has filed an amended income tax return after issuance.
●    On getting the connection with black money, the board has instructed to levy more taxes in these cases.
●    The Board had issued guidelines for two pages on November 24 to all the Regional Heads of the Department.
●    In this, the board clarified the methods of investigating cases of suspected financial activities.
●    He said, the unaccounted income found in the investigation is taxable at a higher rate under the Income Tax Act.
●    A senior income tax officer said that, following the guidelines of the CBDT, it has been considered that the legal facility for filing a revised and delayed income tax return should not be misused and it should not be used to show black money to the black money after the ban.

Current Affairs 26th November 2017: DAYS AND DATES

NCC Commemorates Its 69th Raising Day 

National Cadet Corps (NCC), the largest uniformed youth organisation in the world, is celebrating its 69th Raising Day today. 
●    On this solemn occasion, Defence Secretary Shri Sanjay Mitra and Officiating DG, NCC Maj Gen B K Guha laid wreaths on behalf of the entire NCC fraternity by paying homage to the martyrs who made their supreme sacrifices for the country, at Amar Jawan Jyoti, India Gate here yesterday. 
●    The NCC raising day was also celebrated all over India with cadets participating in marches, cultural activities and social development programmes. 
●    The NCC is at the forefront of contribution towards social causes and community development activities. 
●    Its cadets have done the nation and the organisation proud by their remarkable achievements in the fields of sports and adventures. 
●    They have also won laurels in the National Shooting and Equestrian competitions and other events. 
●    During the current year, the NCC was awarded a Certificate of Excellence by the Prime Minister Shri Narendra Modi for its contribution towards Swacchta Abhiyan. 

Current Affairs 26th November 2017: SPORTS

Jung Yang won the title in Hong Kong Open

Indian star badminton player PV Sindhu's spectacular tour ended with disappointment when she faced a second loss in the hands of world number one Chinese Taipei's Tai Jun Ying in the title of the $ 4 million Hong Kong Super Series on Sunday. .
●    Continuing its fifth tournament title, Sindhu had recorded 3-7 against Tai before the match but she did not show anywhere in fitness and continued to compete throughout the match, but in 44-minute women's singles final, the defending champion 18-21 18-21.
●    This is the second defeat of Sindhu in the four finals of this season. He had lost to Japan's Nozomi Okuhara in the final of the World Championship, while he made two titles in Indian and Korea.
●    The opening game lasted 21 minutes, in which Tai made a 3-0 lead, after which Sindhu collected the first point on the baseline.
●    However, Tai made the best stroke and fastest 7-2.

India won 5 gold medal in world women's youth boxing championship


On the last day of the AIBA World Women's Youth Boxing Championship organized in Guwahati, Indian boxers made history by winning five golds.
●    On Sunday, Nitu (48kg), Jyoti Gulia (51kg), Sakshi Chaudhary (54kg), Shashi Chopra (57kg) and local boxer Ankushita Boro (64kg) were in the ring in the final of the championship.
●    These five defeated the opposition boxer with their punch and won the gold.
Apart from these, Neha Yadav (+81 kg) and Anupama (81kg) won the Bronze Medal.
●    This is the best performance ever in India's championship.
●    India won gold in the championship for the first time since 2011. Then he was given only one gold by Sarjubala Devi.
 

Current Affairs 26th November 2017: ECONOMY

LIC's 1.5 lac crore investment in railways, gets Green signals of Ministry of Finance

Life Insurance Corporation of India (LIC) can now go ahead with the plan to invest Rs 1.5 lakh crore in railways.
●    The Ministry of Finance has given a green signal for this.
●    Insurance regulator had earlier expressed concern over this plan and said that the government's demand for bond should be sought for investment.
●    LIC had signed Memorandum of Understanding (MoU) with the Railways two years ago.
●    Accordingly, the government had to invest this by buying bonds issued by Indian Railway Finance Corporation (IRFC).
●    However, due to this, LIC's stake in IRFC's net worth exceeded 25%, so the Insurance Regulator asked the government to guarantee the bond.
●    He had also said that issuing Gazette notifications like oil bonds would give it a special bond status.
●    The Finance Ministry has issued the order in this case.
●    He has said that IRFC's bond exposure is valid for investment of more than the limit.

Government refuses to bring Islamic banking

Union minister Mukhtar Abbas Naqvi, in-charge of minority affairs said today that the government does not intend to launch Islamic banking in India because adequate network of different types of banks is accessible to meet the needs of the people.
●    Islamic banking is based on Shariah principles in which interest is not applied.
●    Naqvi said, in India, the government will not allow Islamic banking because it is a secular and democratic country.
●    He said that many government and scheduled banks are working in the country.
●    The existing banking system is open to everyone, so there is no reason to start the banking system based on Islamic concept.
●    He said that some organizations and individuals have given a recommendation about this but we have no such intention.
●    In response to another question, Naqvi said that the government is ready to discuss all the important issues in the winter session of Parliament.
●    He expected the support of the main Opposition Congress for the smooth conduct of the proceedings of both the Lok Sabha and Rajya Sabha.

Mercedes requests financial incentives from the government for BS-6 standard

In order to speed up the process of adoption of the provisions of India Stage-6 in the country, the government should provide financial incentives to the companies.
●    Luxury vehicle manufacturer Mercedes-Benz today said this.
●    Mercedes-Benz India MD and CEO Rolah Folzer told PTI that availability of BS-6 fuel before the deadline should be ensured in other cities of the country other than Delhi.
●    He further said, in addition to this, to make this process more effective and faster, the Government should provide financial incentives to such vehicles which meet the needs of BS-6 before 2020.
●    Welcoming the move of the government, Folzer said, the government is thinking in the right direction.
●    It demonstrates determination to solve the issue of pollution.
●    When asked about the company's preparation to introduce the BS-6 vehicle, he said that Mercedes-Benz has the capacity to offer such vehicles in 2018 only.

U hostels to invest up to 300 crores

U hostels are going to create 10-12 premium hostels in metro cities for the working class of the country.
●    For this, he plans to invest up to Rs 300 crore in the next 2-3 years.
●    Sudhir Sinha, Managing Director of the company said, "Our plan is to invest up to 300 crore rupees to make 10-12 premium hostels in India's metro cities.
●    Three or four star facilities will be available for working people in these hostels.
●    This area is untouched by now.
●    At present, if the working people want to live in a city for a long time, then they have limited options.
●    U hostel Sinha and Franchise India have a partnership.
●    It is going to create 50-80 hostels in the next seven years.
●    There will be about 100 rooms in each hostel.
●    These hostels will be in metro cities like Delhi NCR, Mumbai, Pune, Hyderabad, Bengaluru and Chennai.

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Important Current Affairs 25th November 2017

Important Current Affairs 25th November 2017

Current Affairs 25th November 2017: NATIONAL NEWS

Union Home Minister chaired the 12th meeting of the Standing Committee of Interstate Council

Union Home Minister Rajnath Singh today presided over the 12th meeting of the Standing Committee of Interstate Council (ISC) here today.
●    While addressing the meeting, Shri Rajnath Singh said that the Central Government has taken several steps in the recent years to promote mutual cooperation based federalism.
●    He said that the Inter-State Council meeting was held in July 2016 after the interval of 10 years.
●    After this, the meeting of the Standing Committee of the ISC is being held regularly for the purpose of accelerating the process of making the State State relations goodwill.
●    He expressed satisfaction over the fact that the meetings of regional councils are being organized regularly.
●    It is our endeavor to have at least one meeting in the year of all regional councils.
●    He mentioned that the meetings of the states which are being raised in these meetings and the solution of central state affairs are settled in these meetings.
●    In 2015, 82 issues and 2016 resolved 140 issues.
 

Current Affairs 25th November 2017: DEFENCE

Naval Chief Admiral Sunil Lamba, PVSM, AVSM, ADC will travel to Bangladesh

Indian Naval Chief Admiral Sunil Lamba, PVSM, AVSM, ADC will visit Bangladesh from November 26-28, 2017 to participate in international multilateral maritime search and rescue practice (IMMSAERX) on invitation from Bangladesh.
●    This event is being organized under the auspices of the Indian Ocean Naval Symposium (IONS).
●    The IONS initiative was launched by the Indian Navy in 2008, which has become an important organization with 23 member states and 9 observer countries.
●    Bangladesh is the current President of IONS, which is conducting this exercise for the first time under the IONS Charter.
●    This exercise will be inaugurated by the Prime Minister of Bangladesh on 27th November, 2017 in the Cox Market.
●    Indian Air Force ship Ranvir, Sahyadri, Gingival and Sukanya and a marine surveillance aircraft P-8i will participate in this exercise.
●    Apart from this, there will be an IOS meeting in Cox Market on November 28, 2017 in which the Naval Chief of the member countries will participate.
●    In this meeting, topics such as progress made by the working group HADR of IONS, maritime security and information sharing and interactive operations will be reviewed.

Current Affairs 25th November 2017: GLOBAL NEWS

South Africa court gives Pistorius over 13 years in custody

A South African court on Friday extended the sentence of paralympic champion Oscar Pistorius to 13 years and five months for the murder of his girlfriend Reeva Steenkamp.
●    Local media provided this information. Pistorius, known as 'Blade Runner' in the world of athletics, was sentenced to 6 years in prison.
●    The Supreme Court of Appeal in Bloemfontein has more than doubled Pistorius's sentence, known as 'Blade Runner'.
●    He was sentenced to six years ago, but the court decided to extend his sentence.
●    Pistorius, who inspired millions of people not to give up in life, won huge races with fake feet and he has 6 Paralympic gold medals in his name.
●    Pistorius's life, which earned name and fame in the world of sports, suddenly changed one night in February 2013, accusing him of killing his girlfriend Rewa.
 

Current Affairs 25th November 2017: ECONOMY

Government announces many discount proposals to increase garment exports

Exemption from state-level taxes on ready-made garments and clothes exports. In order to present claims under ROSL's scheme, the government has declared goods and services after GST rates.
●    This step has been taken by the government with the purpose of promoting exports.
●    A plan of commercial export promotion has doubled the rate of incentive given by the government to the garments and clothes prepared under the MEIS to four percent. 
●    This rate will be effective from 1st November.
●    Union Textile Minister Smriti Irani said in a twitter message after one by one that rates after GST have been announced for exemption from state taxes.
●    Apart from this, the increase in the rates of Enhanced Merchandise Export to India Scheme MEIS will increase the export of apparel and textiles.
●    Irani has said that under the scheme of apology for state level charges, new rates will be considered effective from October.
●    AEPC, an organization of apparel exporters, says that the rates of MEIS will help to complete the order of Christmas festivals in the coming time and also help in the restructuring of the restructured capital.

Notice of Rs 1000 Crore of Enforcement Directorate Against Non Resident Indian Businessman

Enforcement Directorate ED has issued a new show-cause notices to the alleged violation of foreign exchange laws in the case of foreign currency transactions equivalent to Rs 1000 crore to a resident Indian NRI businessman C. C. Thampi.
●    The matter is related to the purchase of large areas of land in Kerala.
●    ED has issued these notices against Thampi and his wife M. Rodriguez and their companies under the Foreign Exchange Management Act FEMA.
●    In this, cleanliness has been sought from them regarding the transactions of foreign exchange equal to Rs 1,014.75 crores.
●    Officials said Thampi is a non-resident Indian and for this reason he can not buy land in the country.
●    The Thampi family is also in the investigation of relations with many political families and officials.
●    In February this year, ED also issued similar notice to Thampi and his company for buying 927 acres of land in Delhi and adjoining areas under FEMA for Rs 288 crore.
●    He said, in the investigation of the Kerala case, it was found that Thampi adopted the same method in which it was adopted in the Delhi case.

Amazon founder Jeff Bezos's property crosses $ 100 billion, breaking Bill Gates's 18-year-old record


Jeff Bezos, founder and CEO of Amazon, the world's largest e-commerce company, broke Bill Gates's 18-year-old record in terms of assets.
●    After Black Friday Sales, the company's shares rose by 2 percent in the shares of Bezos by $ 2.4 billion to $ 100.3 billion (about Rs 6,46,575 crore).
●    He is such a person whose assets exceed $ 100 billion.
●    Earlier in 1999, Microsoft founder Bill Gates had achieved this position.
●    Bezos's property has increased by $ 32.6 billion this Thursday.
●    Amazon has increased by 5 percent this week.
●    With the rise of Bezos's property, this question will be asked more about what he wants to do with it.
●    Leaving behind Bill Gates in October, Bezos Gates, or the richest person in the world, is far behind in donations compared to Warren Buffett.

Current Affairs 25th November 2017: SPORTS

Qatar's Barshim and Belgium Thiam declared the best athlete

Qatar's high jump player Mutaz Essa Barshim and Belgium's Heptathlon champion Nafissatou Thiam have been declared the best IAAF male and female athlete of the year.
●    World champion Bashish will replace the retired leg spinner Usain Bolt recently.
●    Barshim was selected from the list of players, including long distance runner Mo Farah and champion Wade Van Nei Karker of South Africa 400 meters race.
●    In the Olympics and world championships, Thiam defeated the Olympic champion, Almaz Ayana, and Greek Polwalt star Ekaterini Stefanidi of Ethiopia's 10,000 m race for the title.
●    Usain Bolt of Jamaica, called Magician of Speed, was given the President's Prize at this respect ceremony in Monaco.

Wrestler Ritu Phogat won silver in under-23 senior world championship


Indian woman wrestler Ritu Phogat has won silver medal in the Under-23 Senior World Wrestling Championship.
●    In this championship held in Poland, the season suffered due to the gold medal.
●    The 23-year-old Ritu had named the gold medal in the Commonwealth Wrestling Championship last year, but she could not repeat her golden performance here.
●    Turkey's Wrestler Demirhan defeated the season in the gold medal
●    Earlier, in the quarterfinal match, Indian woman Wrestler Ritu had defeated Bulgaria's Sailishka by a margin of 4-2.
●    Season had defeated Wrestler Jiang Zu of China 4-3 in the semi-final to win gold medal.
●    Ritu had earlier won the national championship in Indore.
●    In the same month, in the national wrestling championship in Indore, the season gave birth to the gold medal.

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Important Current Affairs 24thNovember 2017

Important Current Affairs 24th November 2017

Current Affairs 24th November 2017: NATIONAL NEWS

President attends Closing Ceremony of 42nd ICMM World Congress on Military Medicine 

The President of India Shri Ram Nath Kovind attended the closing ceremony of the 42nd ICMM World Congress on Military Medicine, where 1,187 delegates from 74 member countries participated, at Vigyan Bhavan here today. 
●    Speaking on the occasion, the President said the theme of this year’s World Congress has been is appropriately kept as ‘Military Medicine in Transition’, which portrays both the dynamic and evolving nature of medical science per se and the ever changing and volatile environment of the practice of military medicine in particular.
●    Complementing the Congress for addressing aspects of training and research, Shri Kovind said that in keeping with the present world scenario, it was important that we focus on two aspects of medicine, that is, training and medical research. 
●    He said both are progressive and mandated requirements of the medical profession, which help the organisation and individual to constantly grow and expand. 
 

Multi State Mega Mock Tsunami Exercise 2017 held 


The Ministry of Home Affairs through National Disaster Management Authority (NDMA) and the Indian National Centre for Ocean Information Services (INCOIS) today conducted a first-of-its-kind multi-State mega mock exercise on tsunami preparedness covering the entire eastern coastline of the country.
●    Simulation exercises were conducted simultaneously in 35 coastal districts across four States of West Bengal, Odisha, Andhra Pradesh & Tamil Nadu and Union Territory of Puducherry along the entire East Coast, to assess and improve the early warning and response mechanism to mitigate the impact of a high-intensity tsunami.
●    The NDMA experts, who led the exercises from the State Capitals, briefed the participants about the proceedings of the day. 
●    The exercise scenario depicted a high intensity earthquake near the Andaman and Nicobar Islands, at about 0930 hrs. 
●    Within moments, the Indian Tsunami Early Warning Centre (ITEWC), INCOIS, issued a massive tsunami threat notification for the eastern coast through e-mails, fax and SMSes. 
●    It also put out detailed bulletins on its website.

36th International Geological Congress on the Visit of the IUGS Delegation 


A high level delegation of the International Union of Geological Sciences (IUGS) comprising its President, Prof. Qiuming Cheng; Prof. S C Finney, Secretary General; and Prof. H Kitazato, Treasurer visited India during 20-24 November 2017 to discuss the preparatory aspects of the 36th International Geological Congress (IGC) to be held in Delhi, India in the year 2020.
●    Described as the Olympics of Geosciences, the IGCs are held quadrennially under the aegis of the IUGS through a process of global bidding. 
●    India won the bid in 2012 at Brisbane, Australia to host the Congress in 2020. 
●    The win is a remarkable achievement as the event makes a come back to the Indian soil after nearly 6 decades much to the excitement of the entire geoscientific community.
●    The event is being jointly funded by the Ministry of Mines and Ministry of Earth Sciences with the active support of the Indian National Science Academy (INSA), and the Science Academies of the other neighbouring co-host countries, Bangladesh, Nepal, Pakistan and Sri Lanka.
●    The delegation, during its visit, inspected the India Expo Mart Limited, the venue for the event and expressed its satisfaction over the facilities available and its convenient location. 

Current Affairs 24th November 2017: DEFENSE


Defence of Andaman & Nicobar Islands Exercise

Defence of Andaman and Nicobar Islands Exercise (DANX) was conducted under the aegis of Andaman & Nicobar Command.  
●    The five day exercise started on 20 Nov 2017 and culminated on 24 Nov 2017.
●    From the planning stage onwards, joint planning and integrated approach was adopted for synergistic application of forces.
●    Main objective of the exercise was to practice & validate procedures and drills of all the Command forces aimed at defending Andaman & Nicobar Islands. 
●    Accretional forces from the mainland including fighters, Special Forces, Naval ships and heavy lift transport aircraft participated in the exercise. 
●    The highlights of the exercise were fighter ops, night para jumps at sea, slithering of troops from helicopters and amphibious landings of troops by ships.  

Current Affairs 24th November 2017: ECONOMY

30.76 Lakh Houses Sanctioned So Far Under PMAY (U) 


Shri Hardeep Singh Puri, Minister of State(I/C) Ministry of Housing and Urban Affairs has informed that since launch of the Pradhan Mantri Awas Yojana (PMAY) (U) on 25th June 2015, the Government has sanctioned a total of 30.76 lakhs houses across all verticals. 
●    Currently, 15.65 lakh houses have been grounded and are at various stages of construction and about 4.13 lakh houses have been constructed since the launch of the mission. 
●    Inaugurating the National workshop on Accelerating Implementation of Urban Missions: PMAY(Urban) and Swachh Bharat mission(Urban) here today, the Minister stated that the Urban India is undergoing a transition in terms of physical forms, demographic profile and socio-economic diversity. 
●    The important role of cities in national economic process and their global linkages demand more attention for their development, than being hitherto given. 
●    Cities are expected to perform efficiently in keeping with emerging demands for employment, commerce, trade, industry and other services.  
 

Current Affairs 24th November 2017: SCHEMES 

Cabinet approves continuation of the scheme on Indian Institute of Corporate Affairs beyond the 12th Plan Period 


The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for continuation of the scheme on Indian Institute of Corporate Affairs (IICA) for another three financial years (FYs 2017-18 to 2019-20) and providing Grants-in-aid of Rs.18 crore to the Institute.  
●    It will make the Institute self-sustainable by the end of FY 2019-20.
●    The training programs, research activities and projects conducted by the Institute in partnership with public and private sector in the niche areas of Corporate Governance will enhance the skill sets resulting in increased employability of students as well as professionals.
●    The thrust of the Institute is to become a prestigious Institute in the field of Corporate Laws while enhancing its resources and revenues.
●    It is envisaged that IICA will be an Institute of National importance thereby becoming an engine of growth leading to increased economic activity. 
●    The improvement in the professional competence is also expected to help the professionals in tapping employment opportunities in emerging corporate areas including those in overseas.
 

Cabinet approves "Mission For Protection And Empowerment For Women" and introducing a new scheme ' Pradhan Mantri Mahila Shakti Kendra' 


The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has given its approval for expansion of the schemes of Ministry of Women and Child Development under Umbrella Scheme "Mission for Protection and Empowerment for Women" for a period 2017-18 to 2019-20. 
●    CCEA has also given approval to the new scheme called ‘Pradhan Mantri Mahila Shakti Kendra', which will empower rural women through community participation to create an environment in which they realize their full potential. 
●    Expansion under Beti Bachao Beti Padhao has also been approved based on the successful implementation in 161 districts.
●    The financial outlay during 2017-18 to 2019-20 will be Rs.3,636.85 crore with a Central Share of approximately Rs.3,084.96 crore.
●    The approved sub-schemes are social sector welfare schemes especially for care, protection and development of women. 
●    It will also aim at improvement in declining Child Sex Ratio; ensuring survival. & protection of the girl child; ensuring her education, and empowering her to fulfil her potential. 

Current Affairs 24th November 2017: AGREEMENT 

Cabinet approves signing of India - Russia Agreement on cooperation in combating terrorism 

The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for signing an Agreement on Cooperation between India and Russia in the field of combating all forms of terrorism and organized crime. 
●    The Agreement is proposed to be signed during the upcoming visit of Indian Delegation, led by Home Minister, to Russia from 27-29 November, 2017. 
●    India and Russia have a long history of close cooperation in international fora on matters of mutual interest. 
●    With the rise in terrorism and organized crime across the world, it is imperative for countries to work together to combat all forms of terrorism. 
●    The proposed Agreement, which will replace the Agreement of October, 1993, is a step towards consolidating the benefits accrued in the field of security and seeks to jointly fight the new and evolving risks and threats. 
●    The Agreement would reinforce the relationship between India and Russia through exchange and sharing of information, expertise, best practices and would help in curbing terrorism and enhancing, security in the region.

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Important Current Affairs 23rd November 2017

Important Current Affairs 23rd November 2017

Current Affairs 23rd November 2017: NATIONAL NEWS

 President approves Ordinance for amendment in Bankruptcy and Bankruptcy Code, 2016

The purpose of the ordinance is to make necessary arrangements for preventing undesirable and unscrupulous people from abusing the provisions of the aforesaid Code or making them ineffective.
●    The purpose of the amendments is to keep those people out of the purview of those who have deliberately defaulted or who are related to stranded loans (NPAs) and who are habituated to not complying with the rules and thus, those who successfully resolve the bankruptcy disputes of a company Is considered as a hindrance.
●    In addition to prohibiting such people from participating in such dispute resolution or liquidation process, it has also been specified for the prevention of the above mentioned amendment that before the approval of the committee of lenders, the profitability of the dispute resolution scheme and Will ensure the probability.
●    Indian Bankruptcy and Bankruptcy Board (IBBI) have also been given additional rights.
●    The rules and regulations of IBBI have also been revised recently, in addition to information related to the predecessor of the applicant who has submitted the dispute resolution, along with information related to priority, low evaluation or fraud related transactions, the lending committee , So that he can make appropriate decisions on the basis of proper information.
●    In addition to taking other steps for better compliance, keeping out of undesirable elements in the banking sector through reform and reconciliation process is also a part of the current reforms of the government.


Center has announced the Indian Forest (Amendment) Ordinance, 2017 to encourage bamboo cultivation in non-forest areas


Dr. Harsh Vardhan, Union Minister for Environment, Forest and Climate Change has said that under the visionary leadership of Prime Minister Shri Narendra Modi, the Central Government has announced a historic initiative in the Indian Forests (Amendment) Ordinance, 2017, in which non-forest areas Exemption of planted bamboo to be brought under the definition of tree and thereby requiring demolition / transit permit for its economic use Could be granted an exemption from Ykta.
●    Bamboo, however, comes under the definition of the grass, but it is defined as the Indian Forest Act, 1927 legally as a tree.
●    Prior to this amendment, the provisions of the Indian Forest Act, 1927 (IFA, 1927) were enforced on the demolition / transit of bamboo grown on any forest and non-forest land.
●    This was a major hindrance in farmers' way of cultivating bamboo on non-forest land.
●    Earlier, in the chairmanship of Prime Minister Narendra Modi, the Union Cabinet had yesterday made an ordinance on this amendment on amendment of section 2 (7) of the Indian Forest Act, 1927.
●    Dr. Harsh Vardhan emphasized that this amendment was to encourage the cultivation of bamboo in non-forest areas to achieve the double goal of raising the income of a major eminent farmers and increasing the green cover of the country.
●    He also said that the bamboo grown in forest areas will still be governed by the provisions of the Indian Forest Act, 1927.

Bharti family to donate Rs 7,000 crore


Chief industrialist Sunil Mittal on Thursday said that the Bharti family will invest 10 percent of their property on charity.
●    He said that the family has committed to give 10% of their assets to the activities of the group's welfare work for the activities of the Bharti Foundation.
●    Overall, the amount of Rs 7,000 crore is made.
●    Founder Chairman of Bharti Enterprises Mittal said that the amount included in the above mentioned amount comprises 3 percent of the family in Bharti Airtel.
●    He said that the Bharati family will set up Satya Bharati University for free education to the deprived youth of the poor sections of the society.
●    This new generation university will focus on science and technology, including Artificial Intelligence, Internet of Things and Robotics.
●    The proposed University will be set up in North India by 2021.
●    Mittal said that the amount of money that the Bharti family has taken will be looked at in the university project.
●    The decision of the land is to be decided for the university and it has plans to impart education to 10,000 students.

Supreme Court directs Sahara's Amby Valley auction


Sahara Group's Embe Valley can be auctioned soon.
●    The Supreme Court directed the receiver of the Bombay High Court to help Liquidator in the auction of Ambli Valley on Thursday.
●    Chief Justice Deepak Mishra and Justice Ranjan Gogoi and AK Sikri's Bench said, "We want to auction the property.
●    Until then we will appoint the receiver of Bombay High Court to help with the auction. "
●    The bench also asked the official liquidator, who took over the responsibility of the auction, to seek directions from the judge or the Bombay High Court.
●    Sahara Group had earlier asked for an 18-month time to repay the remaining Rs 9,000 crore from the original amount of Rs 24,000 crore.
●    On October 12, the Supreme Court had strongly objected to the Sahara Group's interruption in the process of the auction of Amby Valley and warned that anyone blocking will be guilty of contempt and will be sent to jail.
●    Market regulator SEBI had told the court that Sahara group had allegedly blocked the auction process allegedly by writing a letter to the Pune Police on the issue of law and order in Ambi Valley.

Lotte confectionery has bought havmor icecream for Rs 1,020 crores


South Korea's Lotte Confectionery has announced the purchase of Havmor Ice Cream Limited in a cash deal of Rs 1,020 crore.
●    This deal will help the loss confectionery maker to make a lot of chocolate pie in India's Rs 5,000-crore ice cream market.
●    HIL, the China family company of Ahmedabad, got 2.5 times more than its turnover in this deal.
●    In 2016-17, the turnover of the company was Rs 400 crore and its CAG was 23-25%.
●    Havmor managing director Ankit Chona told ET that he would continue to help in the business of the Lotte as the CEO-Advisor of the brand.
●    Lotte Confectionery said, "The company has decided to buy 100% of HIL's 100% shares in its board meeting held on November 23.
●    Lotte confectionery plans to spread its marketing power from north-west India to the whole country as well as entering India's ice cream market.
●    Havmor was started by Satishchandra Chona in Karachi in 1944, but he had to come back to India after settling his business within three years.
●    He started ice cream business after settling in Ahmedabad in 1951.

Current Affairs 23rd November 2017: ECONOMY

HDFC Bank to develop 1,000 villages in the country under CSR

Private sector HDFC Bank will rejuvenate 1,000 villages.
●    HDFC Bank today said that it has targeted to improve the living standard in 1,000 villages under Corporate Social Responsibility CSR till March 2019.
●    Under the overall rural development program HRDP, the bank has already strengthened 750 villages deprived of basic facilities.
●    Paresh Sukankar, Deputy Managing Director, HDFC Bank said here, the Board of Directors has decided to develop such 1,000 villages by March 2019.
●    This initiative has so far influenced the lives of more than 10 lakh people in 16 states across the country.
●    The aim of the HRDP is to raise the livelihoods in the villages by improving the five major areas such as education, water and drainage and financial inclusion.
●    Bank claims that 550 residents of Umpathaw village now have access to clean toilets with potable water and a smart school.
●    The most recent village of the 750 villages made by the bank so far is Empathy.


EPFO Approves Proposal to Put the ETF Units in PF Accounts


Employees Provident Fund Organization (EPFO) has allowed the proposal to put Exchange Traded Funds (ETF) units into provident fund (PF) accounts.
●    The number of EPFO shareholders is 4.5 million.
●    Shareholders of EPFO can see ETF units in their PF accounts by the end of March next year.
●    Labor Minister Santosh Gangwar told reporters after a meeting of the EPFO decision-making body, the Central Board of Trustees (CBT) here on Thursday that the CBT has approved the accounting policy for evaluation of equity investment and accounting policy.
●    It has been prepared after consultation with the Indian Institute of Management, Bangalore (IIM-Bengaluru).
●    Gangwar is also the chief of CBT.
●    He said that the findings of the Comptroller and Auditor General (CAG) have also been included in the accounting policy.
●    When asked, when EPFO will start putting ETF units in its accounts of its shareholders, EPFO's Central Provident Fund Commissioner said that it would be possible by the end of this financial year.
●    EPFO invests 15% of its corpus in equity traded funds through equities.
 

Current Affairs 23rd November 2017: GLOBAL

Prime Minister  Narendra Modi Inaugurates The 5th Global Conference On Cyberspace, 2017
Narendra Modi, Hon’ble Prime Minister of India inaugurated the Global Conference on Cyberspace 2017 in the Capital today in the presence of His Excellency, Mr. Ranil Wickramasinghe, Prime Minister of Sri Lanka, Shri Ravi Shankar Prasad, Hon’ble Minister for Electronics & Information Technology and Law & Justice, Government of India, Shri Manoj Sinha, Minister of State(IC), Department of Telecommunication, Government of India, Shri KJ Alphons, Minister of State, Tourism, Ministry of Electronics and Information Technology, Government of India, Secretary General of International Telecommunication Union, Mr. Houlin Zhao amongst other dignitaries.
●    The Prime Minister also launched the UMANG App that aims to bring 162 government services on a single mobile app, with a larger goal to make the government accessible on the mobile phone of our citizens.
●    Themed on Cyber4All: A Secure and Inclusive Cyberspace for Sustainable Development, this is the fifth edition of GCCS wherein international leaders, policymakers, industry experts, think tanks and cyber experts will gather to deliberate on issues and challenges for optimally using cyber space. 
●    The overall goals of GCCS 2017 are to promote the importance of inclusiveness and human rights in global cyber policy, to defend the status quo of an open, interoperable and unregimented cyberspace, to create political commitment for capacity building initiatives to address the digital divide and assist countries, and to develop security solutions in a balanced fashion that duly acknowledge the importance of the private sector and technical community.

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Bhaskar jami
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