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Weekly Current Affairs One Liners (06 to 12 Nov) 2017 : Download Now


Weekly Current Affairs One Liners (06 to 12 Nov) 2017 : Download Now

The One Liner of the week is a recap of the important happenings that occurred between 22 October to 28 October 2017The important happenings of the week covered in this segment include COP-23, Exercise ‘SAMPRITI’ and 82nd Senior National Championship among others.

BANKING & ECONOMY
  • The Reserve Bank of India (RBI) prohibited non-banking financial companies (NBFCs) from outsourcing key functions such as internal audit, investment portfolio management, loan sanction, and know-your-customer compliance.
  • The Reserve Bank of India (RBI) has simplified Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations to make it easier for foreign investors to invest in the country.
  • HDFC Bank has announced the launch of its SmartUp Zone in Kochi, at Infopark and Kakkanad, an exclusive area inside the branch dedicated for start-ups.
  • India Post Payments Bank (IPPB) will become operational in all 650 districts of the country by April 2018 to facilitate financial inclusion.
  • The Central Board of Excise and Customs (CBEC) under Union Finance Ministry has doubled import duty on wheat to 20% from 10% to curb cheap shipments and give positive price signal to farmers in ongoing Rabi season.
  • Federal Bank has obtained RBI approval to open representative offices at Kuwait and Singapore.
NATIONAL NEWS
  • The Union environment ministry formed a seven-member committee headed by environment secretary, CK Mishra, to formulate short and long-term measures to solve the problem of air pollution in the Delhi-NCR region.
  • The Second Meeting of Economic Advisory Council to the Prime Minister (EAC-PM) , under the chairmanship of Dr. Bibek Debroy, Member NITI Aayog, has spelt out ‘clear road map’ for govt to ramp up job creation and infrastructure financing avenues while investing more resources in health, education and skill development.
  • Union Govt launches Food Regulatory Portal and Investor Facilitation Portal on the sidelines of World Food India 2017 Expo in Delhi.
  • The Union Ministry of Road Transport and Highways has issued notification to make FASTag mandatory for all new four-wheelers from December 1, 2017.
  • The International Consortium of Investigative Journalists (ICIJ) has released ‘The Paradise Papers’, a global investigation that reveals the offshore activities of some of the world’s most powerful people and companies.
  • India was re-elected as the member of executive board of United Nations Educational, Scientific and Cultural Organization (UNESCO).
  • The India Pavilion at COP 23 was inaugurated by Union Minister of Environment, Forest and Climate Change, Dr. Harsh Vardhan at Bonn in Germany with the theme "Conserving Now, Preserving Future."
  • Public sector undertaking Coal India has launched the ‘Grahak Sadak Koyla Vitaran App’ to benefit customers of the company that are being supplied coal by road.
  • The Indian Railways has launched the main arch of the world's highest bridge on the River Chenab in Jammu and Kashmir's Reasi district which will provide direct connectivity to the Kashmir Valley.
  • India has slipped in 'business optimism' index to the 7th position in the September quarter, from the 2nd slot in the previous July-September quater, showing clear signs of lag in the economy.
  • India has pledged to contribute $100 mn to the India-UN Development Partnership Fund to help the poorest nations achieve the world organisation’s Sustainable Development Goals (SDGs) to reduce poverty and raise the quality of life.
  • A passenger train between Kolkata and Bangladesh’s southwestern industrial city of Khulna was flagged off by Prime Minister Narendra Modi, his Bangladesh counterpart Sheikh Hasina and West Bengal Chief Minister Mamata Banerjee.
  • The Ministry of Women and Child Development (WCD) launched comprehensive SHe-Box (sexual harassment e-box) online complaint Management System for women to lodge complaints of sexual harassment at workplace.
  • India's Silicon Valley, Bengaluru has been ranked first, ahead of San Francisco, for the confidence of businesses in their ability to do digital transformations based on the skills and infrastructure available in their immediate environment.
  • A Multi-Agency Group (MAG), headed by CBDT Chairperson, Sushil Chandra, has been reconstituted to investigate cases relating to ‘Paradise Papers’ data disclosure which is also probing the Panama Papers
  • The social networking giant Facebook Inc. has rolled out Disaster Maps for India in a bid to help communities recover and rebuild faster in aftermath of natural disasters.
STATE NEWS
  • Haryana has become the first state in the country to treat Hepatitis-C patients of all categories through oral medicine.
  • Telangana CM K Chandrashekar Rao declared Urdu as the state's second official language.
  • Tata Steel has established India’s largest Coke Dry Quenching (CDQ) facility, capable of handling 200 metric tonnes per hour, at its state-of-the-art steel plant at Kalinganagar Industrial Complex in Jajpur district of Odisha.
  • The Delhi Govt is set to mark the Children’s Day as a “Delhi for Children" festival this year.
  • Assam's famed one-horned rhino was unveiled as the official mascot of the 2017 AIBA Youth Women's World Boxing Championship, which will be held from November 19 to 26 in Guwahati.
  • Famous Banaganapalle mangoes of Andhra Pradesh, Tulapanji rice of West Bengal, Pochampally Ikat of Telangana; Gobindobhog Rice of West Bengal; Durgi Stone Carvings and Etikoppaka Toys of Andhra Pradesh; and Chakshesang Shawl of Nagaland are the seven commodities that have been granted Geographical Indications this fiscal year by the Indian patent office.
  • The Supreme Court has refused to stay a plea filed by People for the Ethical Treatment of Animals to ban legislation in Karnataka that permits the annual buffalo race known as Kambala.
  • Chennai, capital city of Tamil Nadu was recently included in United Nations Educational, Scientific and Cultural Organization (UNESCO’s) Creative Cities Network for Contribution in Music.
  • Botanists in the Andaman and Nicobar Islands have discovered new species of wild banana named
  • Musa paramjitiana.
  • The second meeting of Island Development Agency (IDA) was held in New Delhi under the chairmanship of Rajnath Singh.
INTERNATIONAL NEWS
  • China has unveiled a massive ship described as a "magic island maker" that is Asia's largest dredging vessel.
  • Bank of China has formally launched its operations in Pakistan, with its first branch inaugurated in Karachi.
SCIENCE & DEFENCE
  • The Indian Navy is likely to use advanced catapult-based aircraft launch mechanism (CATOBAR) from United States for its second indigenous aircraft carrier (IAC-II), which is on drawing board.
  • China successfully launched two BeiDou-3 satellites named BeiDou-3 M1 and BeiDou-3 M2 into space on board of single carrier rocket Long March-3B from Xichang Satellite Launch Center in southwestern province of Sichuan.
  • India conducted a test flight of its indigenously designed and developed long-range sub-sonic cruise missile ‘Nirbhay’, which can carry warheads of up to 300 kg from a test range at Chandipur along the Odisha coast.
  • Scientists have discovered the most ancient spiral galaxy in the universe that existed almost 11 billion years ago.
  • The joint training exercise 'Sampriti-7' between Army personnel of India and Bangladesh held in Meghalaya and Mizorum from Nov 06.
  • Researchers have discovered a new species of ant in the Western Ghats, recognised as one of the world’s ‘hottest hotspots’ of biological diversity.
  • Scientist from the Atacama Large Millimeter Array (ALMA) Observatory in Chile have detected dust belts around Proxima Centauri, a finding that indicates the presence of an elaborate planetary system hosted by the closest star to the solar system.
APPROVALS & MOUS
  • The Union Cabinet approved appointment of Second National Judicial Pay Commission (SNJPC) for subordinate judiciary in country.
  • The Union Cabinet approved Agreement between India and Hong Kong, special administrative region of China for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to taxes on income.
  • Adani Power (Jharkhand) has inked long-term pact with Bangladesh Power Development Board to supply electricity from its upcoming 1,600 MW plant at Godda in Jharkhand.
  • The Union Cabinet approved signing of Memorandum of Understanding (MoU) between India and Philippines in field of agriculture and related fields.
  • The Union Cabinet approved creation of National Testing Agency (NTA) as an autonomous and self-sustained premier testing organization to conduct entrance examinations for higher educational institutions.
  • Sodexo, the employee motivation and benefits services privider, has tied up with the Bengaluru-based startup, Goodbox.
  • The Union Cabinet approved protocol amending Agreement between India and Kyrgyz for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.
  • The Union Cabinet approved signing of Joint Interpretative Declaration (JID) between India and Colombia regarding existing Agreement for Promotion and Protection of Investments.
  • A memorandum of understanding (MoU) of Rs 10, 000 Crore was signed between the Govt of India (GoI) and Patanjali at the World Food India 2017.
  • The Goa Govt has signed trilateral memorandum of understanding (MoU) with Department of Biotechnology, Ministry of Science and Technology and Nobel Media, Sweden to host Nobel Prize Series-India in February 2018.
  • Ride hailing app Ola announced a global partnership with tech giant Microsoft for building a new-age
  • ‘connected vehicle platform’ for car manufacturers worldwide.
  • Govt of India inked an agreement with Chennai’s Anna University in order to establish India’s second
  • Technology and Innovation Support Center (TISC).
  • The Union Govt has inked US $ 119 million Financing Agreement with World Bank for IBRD loan for the Odisha Higher Education Programme for Excellence & Equity (OHEPEE) Project.
  • The Kerala govt inked an MOU with Intel and UST Global for exploring the possibility of transforming the state into an electronic hardware manufacturing hub.
  • The European Union Election Observation Mission was officially launched to monitor the general and provincial polls in Nepal which are scheduled for November 26 and December 7.
APPOINTMENTS
  • First Woman President of NASSCOM in 2018 - Debjani Ghosh           
  • First Woman Sr DDG appointed in TERM, DoT - N Poonguzhali
  • UNESCO New Chief - France’s Audrey Azoulay
AWARDS
  • The  United  Nations  High  Commission  for  Refugees  (UNHCR)  was  named  as  the  recipient  of Harmony Foundation’s Mother Teresa Memorial Award for Social Justice 2017 for its exceptional work worldwide.
  • Indian short film ‘The School Bag’, directed by Dheeraj Jindal, which tells a story based in Pakistan, has won the Best Short Film Award at the South Asian Film Festival of Montreal (SAFFM).
  • SPORTS
  • Indian women’s hockey team won the 2017 Asia Cup hockey title by defeating China by 5-4 goals in Japan.
  • Five-time world champion MC Mary Kom was named ambassador of the AIBA Women's Youth World Championships to be held in Guwahati from November 19 to 26.
  • Young Indian golfer Aditi Ashok made a triumphant return to the Ladies European Tour by clinching the Fatima Bint Mubarak Ladies Open.
  • Indian Shooting Team won six gold, seven silver and seven bronze medals finished the Commonwealth Shooting Championship with the top spot of 20 medals in 2017.
  • Indian sporting legend and five time world champion Mary Kom won gold medal in Asian Women’s Boxing Championships in Light Flyweight (48 kg) category.
  • H.S. Prannoy and Saina Nehwal defied all odds to script fantastic wins over World No. 2s K. Srikanthand
  • P.V.Sindhu respectively and claim the titles in the 82nd Senior National Badminton Championship.                       
OBITUARY
  • Padma Shri awardee author - Manu Sharma
  • Former Test cricketer - Milkha Singh     

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