Current Affairs November 7 2018

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Current Affairs November 7 2018

 INDIAN AFFAIRS

Shri K J Alphons inaugurated Tourist Facilitation and Information Counter at IGI Airport, New Delhi
On November 5, 2018, Union Minister for Tourism, Shri K.J. Alphons, inaugurated the Tourist Facilitation and Information Counter at Indira Gandhi International Airport New Delhi.
Objective:
24×7 information to both domestic and international visitors arriving into IGI Airport, New Delhi.
Key Points:
i. The is first of its kind facilitation centre is located at the T3 terminal arrival gates of the IGI Airport.
ii. The counter will be connected to the 24×7 Helpline – ‘1363’ of the Tourism Ministry where the non-English speaking tourists can speak directly to agents and get guidance.
iii. The languages represented by the helpline no are: French, German, Italian, French, Portuguese, Russian, Japanese, Korean, Chinese and Arabic.
iv. 2 staff members and high quality tourist literature and brochures will be provided for better assistance to the tourists.
Other Important announcement:
The Tourism Ministry is also starting Facilitation Counters in Mumbai, Chennai, Kolkata, Gaya and Varanasi.
Other International Airports:
♦ Netaji Subhash Chandra Bose International Airport, Kolkata.
♦ Sardar Vallabh Bhai Patel International Airport, Ahmedabad.
♦ Lokpriya Gopinath Bordoloi International Airport, Guwahati.
♦ Chattrapati Shivaji International Airport, Mumbai.
♦ GMR Hyderabad International Airport, Hyderabad.

Delhi’s Eiffel Tower, Signature Bridge inaugurated In Delhi
On November 4, 2018, Delhi’s Chief Minister Arvind Kejriwal inaugurated the iconic ‘Signature Bridge’.

Delhi’s Eiffel Tower (2)i. It is being dubbed as ‘Delhi’s Eiffel Tower’.
ii. The estimated cost of the project is:  Rs. 1,594 crore.
Physical overview:
i. The 675-metre Signature Bridge is an 8-lane carriageway that is being projected as India’s first asymmetrical cable-stayed bridge, with the gesture ‘namaste’.
ii. It has 127 strands of back-stay cables and houses a 154-metre-high glass viewing box, which is at double the height of Qutub Minar.
iii. It has 4 elevators which will take a total of 50 people to the top of the bridge.
Benefits:
i. Built over Yamuna River, it will reduce the travel time between north and northeast Delhi and share the burden of the Wazirabad Bridge.
ii. It will also connect the Outer Ring Road on the western bank of the Yamuna river with Wazirabad Road on the eastern side.
Delhi:
♦ Chief Minister: Arvind Kejriwal
♦ Deputy CM: Manish Sisodia.
♦ Governor: Shri. Anil Baijal.
♦ National Parks: National Zoological Park, Chilla National Park
UNESCO world heritage site in Delhi:
Red fort, Qutub Minar, Humayun’s Tomb.

INTERNATIONAL AFFAIRS

India took part in 1st China International Import Expo inaugurated in Shanghai
On November 5, 2018, India participated in China’s 1st International Import Expo (CIIE) at the National Exhibition and Convention Center in Shanghai. It will conclude on Novemebr 10.

India took part in 1st China International Import Expo inaugurated in ShanghaiObjective:
To reduce the over USD 51 billion trade deficit with the neighboring nation.
Key Points:
i. Chinese President Xi Jinping inaugurated 6-day China International Import Expo (CIIE) in Shanghai.
ii. It is considered to be the world’s first import-themed national-level expo.
iii. Leaders of 18 countries, including Pakistan Prime Minister Imran Khan took part in it.
iv12 countries – Brazil, Canada, Egypt, Germany, Hungary, Indonesia, Mexico, Pakistan, Russia, South Africa, Vietnam and the UK will be the “Guest of Honour” at the mega business event.
v. The Indian delegation was led by Commerce Secretary Anup Wadhawan.
vi. At the expo, an Indian Pavilion was built by The Federation of Indian Export Organisations (FIEO) along with relevant government agencies.
Background:
The expo is being held amid China’s trade war with the US, which slapped additional tariffs on Chinese goods worth about USD 250 billion, demanding Beijing to bring down the trade deficit amounting to USD 375 billion. China had retaliated with counter tariffs.
China:
♦ Capital: Beijing.
♦ Currency: Renminbi.
♦ Consul General of India’s Consulate in Shanghai: Anil Kumar Rai.

BANKING & FINANCE

Digital Public Credit Registry (PCR) to be set up by RBI to capture details of all borrowers
On November 7, 2018, the Reserve Bank initiated steps to set up a wide-based digital Public Credit Registry (PCR).

to be set up by RBI to capture details of all borrowersObjective:
To capture details of all borrowers, wilful defaulters and also the pending legal suits.
Key Points:
i. This will enable the banks and financial institutions to get 360 degree profile of existing and prospective borrowers on a real-time basis.
ii. For developing the registry the RBI has invited expression of interest (EOI) from companies with a turnover of over Rs 100 crore in the last three years.
iii. As per the EOI, the PCR will be a digital registry of authenticated granular credit information and will work as a financial information infrastructure providing access to various stakeholders.
Functioning of PCR:
i. It will have reports for all material events for each loan, without any threshold in the loan amount or type of borrower.
ii. RBI mandated all its regulated entities to submit credit information individually to all four CICs which will integrate credit information from all the sources like:

  • Ministry of Corporate Affairs,
  • Sebi,
  • GSTN,
  • CERSAI,
  • Utility billers,
  • Central Fraud Registry and
  • Wilful Defaulter/Caution/Suit Filed Lists.

Background:
Setting up of the PCR assumes significance amidst rising bad loans in the financial system. The non-performing assets in the banking system is about Rs 10 lakh crore.
RBI:
♦ Founded: 1st April 1935.
♦ Headquarters: Mumbai.
♦ 24th Governor: Dr. Urjit Patel.

BUSINESS & ECONOMY

Nation’s largest container port JNPT planned to host edible oil refinery
On November 6, 2018, the nation’s largest container port JNPT in Navi Mumbai released it’s plan to host an edible oil refinery.
i. This would maximize revenue and ensure captive cargo.
ii. The raw material for the refinery will be imported from abroad and a considerable part of the finished products will be sent out through the sea.
iii. For the refinery project, a 6 acre plot has already been identified.
iv. Additionally, the port would also invest Rs 310 crore for extending the liquid cargo tank farm which would incre-ase its capacity to 4.5 mtpa.
JNPT:
♦ Chairman of JNPT: Neeraj Bansal.
♦ Headquarters: Navi Mumbai.
♦ Full Form:  Jawaharlal Nehru Port Trust (JNPT).

AWARDS & RECOGNITION

N Ram chosen for ‘Raja Ram Mohan Roy Award’ by Press Council of India (PCI)
Journalist and the Hindu Group of Publications Chairman N Ram has been chosen for the Raja Ram Mohan Roy Award, presented by the Press Council of India (PCI), for his contribution to journalism.

N Ram chosen for ‘Raja Ram Mohan Roy Award’ by Press Council of India (PCI)Key Points:
i. The award will be presented on November 16, 2018, on the occasion of the National Press Day.
ii. PCI has also announced other winners of the National Awards for Excellence in Journalism 2018.
iii. Award winners under various categories are listed below:

  • Rural Journalism: Ruby Sarkar, Chief Correspondent, Deshbandhu, Bhopal & Rajesh Parshuram Joshte, Daily Pudhari, Ratnagiri
  • Developmental Reporting: VS Rajesh, Deputy Editor, Kerala Kaumudhi
  • Photo Journalism-Single News: Subhash Paul, Rashtriya Sahara, Delhi
  • Photo Journalism-Photo Feature: Mihir Singh of the Punjab Kesari, Delhi
  • Best Newspaper Art: covering cartoons, caricature and illustrations: P Narasimha, Cartoon Editor, Nava Telangana, Hyderabad

About Press Council of India (PCI):
♦ Chairman – Chandramauli Kumar Prasad
♦ Location – New Delhi

APPOINTMENTS & RESIGNS

Gaddam Dharmendra appointed India’s Ambassador to Iran
On 5th November 2018, Gaddam Dharmendra was appointed as the next Ambassador of India to the Islamic Republic of Iran.
Key Points:
i. Gaddam Dharmendra is an Indian Foreign Service Officer (IFS) of 1990 batch. At present, he is Additional Secretary at Headquarters of Ministry of External Affairs.
ii. He has been appointed as the next Ambassador of India to the Islamic Republic of Iran. He will succeed Saurabh Kumar, who was appointed India’s ambassador to Myanmar in October 2018. He will take up the assignment soon.
About Islamic Republic of Iran or Iran:
♦ Capital – Tehran
♦ Currency – Rial
♦ Official language – Persian
♦ President – Hassan Rouhani

SPORTS

Former Australia captain Mark Taylor resigns from Cricket Australia board
On 5th November 2018, former Australia captain Mark Taylor resigned from Cricket Australia’s (CA) board of directors.

Former Australia captain Mark Taylor resigns from Cricket Australia boardKey Points:
i. Mark Taylor is 54 years old. He was the CA board’s longest-serving director. He has resigned amid the release of findings of Longstaff review that was commissioned following the Cape Town ball-tampering scandal.
ii. He is the third member of the Cricket Australia board to resign in the last six months.
iii. Recently, David Peever resigned as Chairman of the board of Cricket Australia.
iv. CA board is currently chaired on an interim basis by Earl Eddings, till a permanent chairman is selected.
About Cricket Australia (CA):
♦ Interim Chairperson – Earl Eddings
♦ CEO – Kevin Roberts

OBITUARY

Rathinam, veteran freedom fighter and member of Indian National Army (INA) passed away
On 3rd November 2018, V. Rathinamfreedom fighter and member of Indian National Army (INA), passed away following a short term illness at Chathirakudi, Ramanathapuram, in Tamil Nadu.
Key Points:
i. V. Rathinam was 99 years old. He was born on August 16, 1919. He hailed from S. Kodikulam in Paramakudi block, Ramanathapuram.
ii. He had gone to Burma and joined the INA led by Nethaji Subash Chandra Bose, during the Second World War in 1940s.
iii. After inducted into the INA, he had fought against the British. He was imprisoned by the British and had served jail terms in various prisons.
iv. The Central Government had honoured him with a monthly pension of over Rs 26,000. State government also paid him a pension of Rs 1,000.

BOOKS & AUTHORS

‘The Fire Burns Blue: A History of Women’s Cricket in India’, co-authored by Karunya Keshav and Sidhanta Pathak
‘The Fire Burns Blue: A History of Women’s Cricket in India’, a book on history of women’s cricket in India, will be launched on November 30, 2018.

'The Fire Burns Blue A History of Women's Cricket in India'Key Points:
i. The book is co-authored by sports journalists Karunya Keshav and Sidhanta Pathak.
ii. It is published by Westland Sport, a new imprint of Westland Publications.
iii. It will provide a detailed narrative of cricket, from its origin to present day. It will also have rare photographs to show the highs and lows of the early years of women’s cricket.

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