13 November 2018 - Daily Current Affairs


13 November 2018 - Daily Current Affairs

13 November 2018 - Daily Current Affairs

1. Bengaluru India’s most-congested city: US study

  • According to the National Bureau of economic research (NBER), Bengaluru is the country’s most congested and second slowest city.
  • Bengaluru tops the index for most congested city in the country followed by Mumbai, Delhi, Chennai, and Kolkata.
  • When it comes to traffic speed, Kolkata is the slowest city, followed by Bengaluru, Hyderabad, Mumbai, and Varanasi.
  • The study, conducted by a team of researchers from the University of California, Berkeley and other institutions, used Google Maps and analyzed 22 million trips in 154 cities in the country.
Source: The Times of India

2. Satyarup Siddhanta becomes first Indian to climb Mt Giluwe in Papua New Guinea


  • Indian mountaineer Satyarup Siddhanta became the first Indian to climb Mt Giluwe - the second highest mountain in Papua New Guinea.
  • Satyarup reached the summit of the mountain which is at an elevation of 4,367 meters on November 11.
  • Satya now has scaled 5 of the 7 volcanic summits.
  • In December he is heading to complete his 6th Volcano in Mexico Mt Pico de Orizaba and then to Antarctica to climb Mt Sidley.
  • In September this year, Satyarup Siddhanta and Mousumi Khatua created history by climbing Asia's highest volcanic peak Mount Damavand and became the first Bengalis to do so.
  • Mt Damavand is the highest peak in Iran and also a potentially active volcano.
Source: newsheads

 Obituaries

3. Marvel Comics legend Stan Lee dead at 95


  • Stan Lee, one of the masterminds of the Marvel comics universe, has died at the age of 95.
  • Lee created the Fantastic Four for Marvel Comics in 1961.
  • Lee was the creator of dozens of now-iconic comic-book heroes, including Spider-Man, X-Men, the Avengers, the Fantastic Four, and Black Panther.
  • All of those characters have since been adapted into hugely popular budget-busting films, most of which were made after entertainment giant Disney bought Marvel for $4 billion in 2009.
  • Lee was born as Stanley Martin Lieber in New York on December 28, 1922, the son of Jewish immigrants from Romania.
Source: CNN

International Affairs

4.  Amnesty strips Aung San Suu Kyi of highest honor


  • Amnesty International has withdrawn a prestigious human rights award from Myanmar Councillor Aung San Suu Kyi, accusing her of perpetuating human rights abuses by not speaking out about violence against the Rohingya Muslim minority.
  • The international human rights group named Suu Kyi as its 2009 Ambassador of Conscience Award recipient when she was still under house arrest for her opposition to Myanmar's oppressive military junta.
  • "Amnesty International cannot justify your continued status as a recipient of the Ambassador of Conscience award and so with great sadness we are hereby withdrawing it from you.
Note:
  • Suu Kyi was globally hailed as a freedom fighter who stood up to her country's feared military dictatorship while spending 15 years under house arrest.
  • She was awarded the Nobel Peace Prize in 1991.
Source: India Today

 Sports

5.  Lewis Hamilton Wins Brazilian Grand Prix 2018

  • Lewis Hamilton took a lucky win in the Brazilian Grand Prix after Red Bull's Max Verstappen lost the lead in a collision with backmarker Esteban Ocon.
  • The win was Hamilton’s 10th of the season and 72nd of his career.
  • The Briton had already won the drivers’ title for the fifth time.
Source: BBC Sports

Appointments

6.  Siddharth Tiwari joins BIS as Chief Representative for Asia, Pacific

  • The Bank for International Settlements (BIS) has appointed Siddharth Tiwari as the Chief Representative for Asia and the Pacific.
  • Tiwari, who took up his new position on November 1, succeeds Eli Remolona, who was Chief Representative of the Asian Office from 2008 to 2018.
  • Tiwari has served as Executive Secretary to the G20 Eminent Persons Group on Global Financial Governance.
  • He holds an MA and a Ph.D. in economics from the University of Chicago.
Source: The Economic Times

Summits & Conferences

7. 17th AEC Council Meeting held in Singapore

  • The 17th ASEAN Economic Community (AEC) Council Meeting was held in Singapore on 12th Nov 2018.
  • The meeting was attended by the ASEAN Economic Ministers and AEC Ministers.
  • They signed the ASEAN Agreement on e-Commerce, Concluded the ASEAN Trade in Services Agreement (ATISA) and Finalised the Fourth Protocol to Amend the ASEAN Comprehensive Investment Agreement (ACIA).
Source: DD News

Banking & Finance

8. Uco Bank seeks Rs 7000 crore capital from the government

  • State-run lender UCO Bank has requested the government to inject Rs 7000 crore to prop up capital, which has gone below the regulatory minimum.
  • The bank's capital adequacy ratio slipped to 7.57% against the stipulated 9% while its net loss widened to Rs 1136 crore in the September quarter owing to fresh slippages worth Rs 2000 crore.
  • Net loss was Rs 623 crore in the year-ago period.
  • Managing director AK Goel, who assumed charge on November 2, expects the government to infuse capital by March.
  • There was, however, no confirmation from the government on the size of capital infusion.
  • The government owns 90.8% in the Kolkata-based lender, which may not be in a position to raise capital from the market before March 2020 for its losses.
Source: The Economic Times

Honors & Awards

9. Dr. Debabhuson Borah gets Munin Barkotoki Literary Award

  • The prestigious Munin Barkotoki Literary Award 2018 in Assam has been given to young writer-critic Dr. Debabhuson Borah for his book on literary criticism titled 'Nirbochon'.
  • The Munin Barkotoki Memorial Trust announced the annual Award instituted to encourage young and promising writers in Assamese.
  • The award carries a cash prize of Rs 50,000 along with a citation and a plaque.
  • The award was named after the renowned writer, critic, and journalist Munin Barkotoki, it added.
Source: business standard

Defence News

10. Samudra Shakti 2018: Navy exercise between India & Indonesia begins

  • “Samudra Shakti” is a bilateral Navy exercise between India and Indonesia begins on 12th Nov 2018 at the port of Surabaya in Indonesia.
  • The aim of the exercise is to strengthen bilateral relations, expand maritime co-operation, enhance interoperability and exchange best practices.
Source: UNI

11. The 10th anniversary of IONS held at Kochi

  • The 10th-anniversary commemorative activities of the Indian Ocean Naval Symposium (IONS) was held at Kochi.
  • The theme for the 10th-anniversary seminar of IONS is “SAGAR” (Security and Growth for All in the Region).
  • The Indian Ocean Naval Symposium, commonly known as IONS, is a series of biennial meetings among the littoral states of the Indian Ocean region launched by India in 2008.
Note:
  • IONS is a security construct for the Indian Ocean region which is similar to the Western Pacific Naval Symposium.
  • It is a voluntary initiative among the navies and maritime security agencies of the member nations.
Source: ANI

12. INDO-Russian joint exercise INDRA 2018 to be conducted from Nov 18

  • A joint military exercise between India and Russia ‘Indra' 2018 will be conducted from November 18 to 28 at Babina Field Firing Ranges, Uttar Pradesh.
  • The exercise -- Indra-2018 -- will see the participation of about 250 servicemen of motorized infantry units of Russia's Eastern Military District (EMD).
  • Babina is a cantonment town in Jhansi district in the state of Uttar Pradesh, India.
  • The aim of the exercise is to practice joint planning and conduct to enhance the interoperability of the two Armies in the peacekeeping/ enforcement environment under the aegis of the United Nations.
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