08 November 2019 - Daily Current Affairs

08 November 2019 - Daily Current Affairs

08 November 2019 - Daily Current Affairs

1. Sheikh Khalifa bin Zayed Al Nahyan re-elected as President of UAE

  • The UAE's Supreme Council of the Union has re-elected His Highness Sheikh Khalifa bin Zayed Al Nahyan as its President for a fourth five-year term.
  • Sheikh Khalifa became president on 3 November 2004, following the death of his father, Zayed bin Sultan Al Nahyan.
  • The President of the UAE is the head of state of the United Arab Emirates.
  • The United Arab Emirates is a federation of seven emirates consisting of Abu Dhabi (which serves as the capital), Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain.
  • Each emirate is governed by a ruler; together, they jointly form the Federal Supreme Council.

Source: Gulf News
National Affairs

2. Venkaiah Naidu inaugurates 10th Asian Conference of Emergency Medicine

  • Vice President M Venkaiah Naidu inaugurating 10th Asian Conference of Emergency Medicine in New Delhi.
  • Mr. Naidu has stressed on the urgent need to attach high priority to emergency medicine and services in the country.
  • Emergency medicine is the medical speciality that endeavours to the diagnosis and treatment of the acutely ill and injured patients.
  • Within Asia, EM was first recognized in Singapore in 1984, followed by the Philippines, Turkey, South Korea, Hong Kong, Taiwan, Malaysia, Japan, Thailand and India.
Source: AIR News

3. DIN System of CBIC comes into existence from today

  • The Documentation Identification Number (DIN) system of Central Board of Indirect Taxes (CBIC) will come into existence from today.
  • This path braking system in indirect tax administration has been created as per the direction of Finance Minister Nirmala Sitharaman.
  • The objective of the step is to bring transparency and accountability in the indirect tax administration through the widespread use of information technology.
  • The DIN would be used for search authorisation, summons, arrest memo, inspection notices and letters issued in the course of any enquiry.
  • DIN, would be treated as invalid and shall be non-est in law or deemed to be as if it has never been issued.
Source: AIR News

4. Harsimrat Kaur Badal inaugurates state of art railway station at Sultanpur Lodhi in Punjab

  • The Union Food Processing Industries Minister Harsimrat Kaur Badal inaugurated the state-of-the-art new railway station along with a multimedia centre at Sultanpur Lodhi in Punjab.
  • The railway station modelled on Sikh architecture has been engineered to facilitate pilgrims visiting the holy city.
  • The Minister also released a book on the life and teachings of Shri Guru Nanak Dev Ji to commemorate Guru Sahab's 550th Prakash Purb.
Source: DD News
Honour & Awards

5. West Bengal based writer Abhisek Sarkar wins an award at Dhaka Lit-fest

  • The ninth edition of the DhakaLit-fest started with a galaxy of writers and book lovers thronging the venue ground at the Bangla Academy.
  • West Bengal-based writer Abhisek Sarkar and Bangladeshi poet Rofiquzzaman Rony were given the Gemcon Young Literature Award and Gemcon Young Poetry Award.
  • Abhisek and Rofiquzzaman won the awards for their manus, "Nishiddho" and "Dhoashar Tamate Rong," respectively.
  • The special focus of this year's lit-fest is on Indigenous Languages as the UNESCO has marked 2019 as the year of Indigenous Language Protection.
Source: DD News

6. Rajasthan Patrika chairman gets Raja Ram Mohan Roy award

  • The Raja Ram Mohan Roy award will be presented to Rajasthan Patrika group chairman Gulab Kothari for his outstanding contribution towards journalism.
  • Mr Kothari was selected for the prestigious award by the Press Council of India for his outstanding contribution in the field of journalism.
  • The award will be presented to Mr. Kothari on the National Press Day (16th November 2019).

7. TVS Motor Chairman Srinivasan conferred with Deming award

  • Venu Srinivasan (Chairman of TVS Motor Company and Sundaram Clayton) was conferred with the prestigious Deming Distinguished Service Award For Dissemination and Promotion Overseas.
  • Srinivasan becomes the first industrialist from India to be bestowed this prestigious award for his contributions in the field of total quality management (TQM).
  • The Deming Prize is the highest award for TQM in the world.
Source: Business Standard

8. Nawazuddin Siddiqui to be honoured with Asian Film Talent Award at SIFF

  • Actor Nawazuddin Siddiqui will be honoured by Lesley Ho Asian Film Talent Award at the Singapore International Film Festival (SIFF).
  • He will be awarded for his Netflix's Emmy-nominated original series Sacred Games.
  • Earlier, Nawazuddin Siddiqui was honoured by the Golden Dragon Award at the Cardiff International Film Festival for his excellence in cinema in the International market.
  • The Lesley Ho Asian Film Talent Award is one of the most honourable awards on the global platform.
Source: Hindustan Times
International Affairs

9. US announces an increase in H-1B work visa application fee by 10

  • According to US Citizenship and Immigration Services (USCIS), The US has announced the increase of H-1B work visa application fee by 10 US Dollars as part of its revised selection process.
  • The non-refundable fee will support the new electronic registration system to make the H-1B cap selection process more efficient.
  • Petitioners seeking to file H-1B cap-subject petitions will first have to electronically register with the USCIS during a designated registration period.
  • The electronic registration system is part of an agency-wide initiative to modernise the immigration system while deterring fraud.
  • The H-1B program allows US companies to temporarily employ foreign workers in occupations that require the application of a body of highly specialised knowledge with bachelor's or a higher degree in the specific speciality, or it's equivalent.
Source: AIR News
Banking & Finance

10. RBI imposes Rs 5 lakh fine on Oxigen Services

  • The Reserve Bank of India (RBI) has imposed a fine of Rs 5 lakh on prepaid payment instrument Oxigen Services.
  • The move was taken in exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, for non-compliance of regulatory guidelines.
  • The fine comes through a speaking order dated September 17, 2019.
  • Oxigen Services facilitates payment processing and money transfer services.

11. Moody's lowers India's outlook to 'negative' from 'stable'

  • Global rating agency Moody’s Investors Service ("Moody's") has lowered the outlook on the government of India's ratings to ‘negative’ from ‘stable’.
  • It affirmed the Baa2 foreign-currency and local-currency long-term issuer ratings for India.
  • Moody's also affirmed India's local-currency senior unsecured rating and another short-term local-currency rating.
  • India’s economy grew only 5.0% year-on-year between April and June, its weakest pace since 2013
Major credit rating agencies of the world:
  • Moody's Investors Service was established in 1909, headquarters in New York, USA.
  • Standard & Poor's Financial Services LLC: was founded in 1860, headquarters in New York, USA, subsidiary of S&P Global.
  • Fitch Ratings: was founded in 1914, headquarters in New York City and London.
Source: The Times of India

12. Bajaj Allianz General Insurance launches ‘Farmitra’ mobile app for farmers

  • Bajaj Allianz General Insurance has launched a new mobile app called ‘Farmitra’ to help the farmers needs and address their worries.
  • It also resolves with relevant information, which they can use in optimizing their farming practices.
  • The app ‘Farmitra’ provides services for even those who are not customers of Bajaj Allianz.
  • Currently, the application is implemented in 6 states (Rajasthan, Madhya Pradesh, Uttar Pradesh, Karnataka, Maharashtra and Haryana).

13. Rohit Sharma becomes 1st Indian male cricketer to play 100 T20I

  • Rohit Sharma (Stand-in skipper) became the first Indian man and second in world cricket to complete 100 T-20 Internationals.
  • He reached the milestone when he led the team in the second match against Bangladesh at the Saurashtra Cricket Association Stadium.
  • Shoaib Malik with 111 games from Pakistan is the only player to have played more than 100 T20 Internationals.
  • Rohit is currently the top-scorer in this format with 2452 runs with regular skipper Virat Kohli second in the list with an aggregate of 2450 runs.
  • Rohit has scored the runs at a strike-rate of 136.67 with four hundred and 17 half-centuries.

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