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Top Current Affairs of the day: 09 November 2018

Last Updated: November 9, 2018

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  • RBI may set-up a digital payments ombudsman by March 2019

    392 days ago
    The Reserve Bank of India (RBI) may set-up an ombudsman for digital payments by March to reduce the burden on banking ombudsman because of a rising number of complaints. Who is the Banking Ombudsman? The Banking Ombudsman actually is a senior official appointed by the RBI to redress customer complaints against pitfalls in the stipulated banking services covered by the Banking Ombudsman Scheme 2006. The Banking Ombudsman may award compensation not exceeding Rs 1 lakh to the complainant for... Read More


    Robyn Denholm replaces Elon Musk as Tesla's Chairman with immediate effect

    392 days ago
    In September, Elon Musk had agreed to step down as chairman of Electric carmaker Tesla as part of a settlement with the US Securities and Exchange Commission. Robyn Denholm will leave her Chief Financial Officer (CFO) post at Telstra and take over Musk's position, which he's been holding for 14 years. However, Musk will remain on the board as a director and Tesla CEO.


    Allahabad Bank to get 3,054 crore capital infusion from govt

    392 days ago
    Allahabad Bank had posted a loss of 1,944 crore in the June quarter compared to a profit of 28.8 crore a year ago. The bank received 1,790 crore as capital from the government in July this year. Reserve Bank of India (RBI) had imposed additional restrictions on the bank under the Prompt Corrective Action (PCA) framework in May this year. About Allahabad Bank: ♦ Headquarters: Kolkata ♦ Founded: 24 April 1865 ♦ CFO: Sanjay Aggarwal ♦ Slogan/ Tagline: A tradition of... Read More
    Category: Indian Affairs

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    World's first AI news anchor unveiled in China

    392 days ago
    Chinese press agency Xinhua unveiled AI-based anchor that can read the news in English and Chinese, as naturally as a professional news anchor. The system, developed with Beijing-based search engine operator Sogou, produces realistic-looking speech, lip movements and facial expressions.


    BBC launches fake news fight-back with global campaign

    392 days ago
    British Broadcasting Corporation (BBC) devised a new campaign that is aimed at fighting back against disinformation and fake news with a major focus on global media literacy, including workshops and debates in countries like India.  


    Netflix unveils Asia expansion plans with 17 new originals

    392 days ago
    The line-up of its made-in-Asia shows also includes five Anime titles from Japan and original productions in Thai, Korean and Chinese languages. The original series from India currently being made includes Baahubali: Before the Beginning, Bard of Blood and an official adaptation of Salman Rushdie’s Midnight Children.
    Category: International


    India economic growth to slow to 7.3% in 2019: Moodys

    392 days ago
    Indian economy will expand 7.4 percent in 2018, but the growth will slow down to 7.3 percent in the next fiscal. The economy grew 7.9 percent in the first half (January-June) of 2018, reflecting post demonetization base effect.
    Category: Business & Economy


    India hosts "Global IT Challenge for Youth with Disabilities, 2018" from 9 November

    392 days ago
    "Global IT Challenge for Youth with Disabilities, 2018" (GITC) is being organised by the Department of Empowerment of Persons with Disabilities (DEPwD) under Ministry of Social Justice and Empowerment here during 9-11 November, 2018. This year, India is hosting the event in collaboration with Government of Korea and Rehabilitation International (RI). It propagates implementation of United Nations Convention on Rights of Persons with Disabilities (UNCRPD) - Article 21 relates to... Read More


    Paytm tied up with 2 govt depts in Karnataka for better payment experience

    392 days ago
    The two departments of Karnataka government are: The Directorate of Electronic Delivery of Citizen Services (EDCS) and DPAR (Department of Personnel and Administrative Service). Further, Paytm extended a cashback of 10 percent for up to a maximum of Rs 20 per user on a minimum transaction amount of Rs 200 for payments.
    Category: Business & Economy


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    Samsung unveiled its first-ever foldable smartphone prototype

    392 days ago
    Samsung has unveiled its first-ever foldable smartphone prototype, which, when opened, transforms into a small pocket-sized tablet.
    Samsung calls its foldable phone technology the 'Infinity Flex Display'. The device looks like a standard smartphone when closed. It opens like a book to reveal another 7.3-inch display, which would be one of the largest phone screens ever released.


    Reserve Bank of India liberalised norms governing external commercial borrowings for infrastructure creation

    392 days ago
    The modified norms are Reduction in minimum tenor for borrowing through the ECB route, from 5 years to 3 years. The average maturity requirement for mandatory hedging has been reduced to 5 years from earlier 10 years. These changes will facilitate infra companies to raise resources overseas.
    Category: Indian Affairs


    The UK India Business Council launched New Report Beyond the Top 200

    392 days ago
    India will have the largest number of people in the world of college-going age – a staggering 140 million. Currently, there are 736 universities in India educating 28.6 million students. India will need at least another 1,500 institutions by 2030 to accommodate this huge influx of students. About UKIBC Headquarters: London, UK. Group CEO: Richard Herald OBE.
    Category: Indian Affairs


    Thailand to waive visa-on-arrival fee for Indian travellers

    392 days ago
    To boost the slump in tourism, the Thai cabinet has announced a waiver on the visa-on-arrival fee for visitors from 20 countries -  Andora, Bulgaria, Bhutan, China, Cyprus, Ethiopia, Fiji, India, Kazakhstan, Latvia, Lithuania, Maldives, Malta, Mauritius, Papua New Guinea, Romania, San Marino, Saudi Arabia, Ukraine and Uzbekistan. The fee of 2,000 Baht (nearly 4,400) will be waived between December 1 and January 31. The waiver is expected to increase tourism in Thailand by 30%.
    Category: International


    Unemployment rate in India at 6.9%, a 2-year high: study by Centre for Monitoring Indian Economy

    392 days ago
    Labour participation rate a measure of the proportion of adults willing to work declined to 42.4%, the lowest since January 2016. The Estimated number of persons employed during October 2018 was 397 million.
    This is 2.4% lower compared to the 407 million persons employed in October 2017.
    Category: Indian Affairs


    Lok Sabha Secretary General gets one-year extension

    392 days ago
    The tenure of the Lok Sabha Secretary General, Snehlata Shrivastava, has been extended by Speaker Sumitra Mahajan for one year. The 1982-batch retired IAS officer of the Madhya Pradesh cadre, who was appointed last year in rank and status of a Cabinet Secretary, was scheduled to retire on November 30, 2018. Her extension will be effective from December 1, 2018 up to November 30, 2019. She has served as Secretary in the Ministry of Law and Justice and as Special/Additional Secretary in the... Read More


    Meghalaya announced Rs 378 crores investment in Aqua Mission 2.0 starting April 2019

    392 days ago
    It is the state’s flagship aquaculture mission aimed at cutting down fish imports into the hill state. About Aqua Mission 2.0: Mission 2.0 aims at addressing the 15,000 MT shortfall of fish production in the state within the next 5 years beginning April 2019. The government would also bring 1,500 ha of water areas into fisheries production facilities. Under the mission, willing partners will need to contribute only 15 per cent while another 25 per cent will be credit linkages and the... Read More
    Category: Banking & Finance




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