Current Affairs 14th November 2016 - Banking, SSC, UPSC Affairs

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Lyricist-writer Gulzar will be honoured with 2016 Tata Literature Live! Poet Laureate Award. The award will be presented to Gulzar, an Oscar and Grammy Award winner, at the inaugural of the festival on November 17.  

Fortune magazine has named the co-founder and CEO of the biggest social networking site Facebook, Mark Zuckerberg as Business Person of the Year, 2016.  Mark Elliot Zuckerberg is an American computer programmer, internet entrepreneur, and philanthropist. He is the chairman, chief executive officer, and co-founder of social networking website Facebook. His net worth is estimated to be US $55.3 billion as of October 2016, ranking him as the 5th richest person in the world.

Mahindra and Mahindra has revamped its top deck by elevating Pawan Goenka as MD while redesignating Anand Mahindra as executive chairman.  Mahindra currently is the group chairman and managing director while Goenka is president for automotive division and group executive director.  Pawan has played a major role in M&M's growth in the post-liberalisation era. His elevation as MD is a fitting recognition not only of his vast experience and domain knowledge in the mobility space and his many past achievements, but also of the eminent role that he currently plays in the company . Goenka joined Mahindra as general manager, R&D in 1993, after working for General Motors in Detroit for 14 years and was instrumental in growing its R&D capability and also the launch of its flagship Scorpio.  He was elevated as president of the automotive division in 2005, head of automotive and farm equipment vertical in 2010 and as executive director on the board in 2013.  Goenka is also on the board of governors of IIT Madras as the chairman. 

Federal Bank has received Reserve Bank of India (RBI)'s permission to open its first international branch at the Dubai International Financial Centre. The bank, in a statement, said the permission is subject to other approvals from the host regulator, Dubai Financial Services Authority. The proposed branch at Dubai will help the Bank serve its Non-Resident clientele better, the statement added. Federal Bank has its Representative Office at Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City). The private sector bank operates through a branch network of 1,252 branches and 1,524 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.37 Lakh Crore as at March 31, 2016.

Prime Minister Narendra Modi inaugurated the International Conference and Exhibition on Sugarcane Value Chain – Vision 2025 Sugar in Pune, Maharashtra. The 3 days conference has been organised by Vasantdada Sugar Institute (VSI) at Manjari near Pune. Around 1,500 delegates are expected to participate in this conference from across the globe. In this conference, eminent international and national speakers will deliver lectures on significantly different important aspects of sugarcane value chain. Besides, there will be an exhibition showcasing various technological developments in sugar industry. It will also have live demonstrations of sugarcane crop showing various advance technologies and practices in cultivation. Vasantdada Sugar Institute (VSI)  : VSI is an autonomous body established in 1975 by sugarcane growers of co-operative sugar mills in Maharashtra with support of Central and State government. Former Chief Minister of Maharashtra Vasantdada Patil was founder of the institute. Former Union Minister Sharad Pawar is the present President of VSI.

The 36th edition of India International Trade Fair (IITF) has started at Pragati Maidan, New Delhi. It will be held from 14th to 18th November 2016. The fair was inaugurated by the President Pranab Mukherjee. The theme of 2016 IITF is Digital India. 150 companies from 27 countries are taking part in the fair. The 2016 IITF has been organised by the India Trade Promotion Organisation (ITPO), under aegis of Union Ministry of Commerce and Industry. This year’s partner country is South Korea and focus country is Belarus. Besides, Madhya Pradesh and Jharkhand are partner states and Haryana is focus state.  This year’s theme highlights country’s persistent efforts to alleviate poverty through meaningful convergence of digital technologies and e-governance. The fair will provide a glimpse with updated information on various missions, schemes and initiatives launched by the Central Government.  It will also manifest a multi-pronged strategy of Indian economy driven by ‘Make in India’ initiative and reforms to transform trade and industry into an engine of socio-economic growth.

The World Pneumonia Day is observed globally every year on November 12 to generate awareness about the ‘pneumonia’ disease.  The day aims to highlight the severity of pneumonia and bring together the people from all over the world to promote the prevention and treatment of the disease.2016 Theme: “Keep the Promise, Stop Pneumonia Now”. The World Pneumonia Day was first observed in 2009 after more than 100 organisations joined together form the Global Coalition against Child Pneumonia. At present, the global coalition comprises of over 140 NGOs, academic institutions, government agencies and foundations. Pneumonia  : Pneumonia is caused by inflammation of the airspaces in the lungs. It is most commonly due to an infection. It is a leading cause of death for children under the age of five years around the world. It may be caused by bacteria, viruses or fungi. The most common bacterial type that causes pneumonia is Streptococcus pneumoniae. Signs and symptoms  :  Fever, chills, cough, shortness of breath, and fatigue. Treatment: Vaccinations are available against several common organisms that are known to cause pneumonia. Besides, antibiotics can also treat pneumonia by controlling the bacterial or fungal infection. India’s pneumonia and diarrhoea burden India’s position is much where it stood in the year 2015. It tops with a total of 2,96,279 deaths from pneumonia and diarrhoea in 2015 compared to last year’s figure of 2,97,114 deaths. The Pneumonia and Diarrhoea Progress Report has placed India among the top of the list of 15 nations. Five countries among those with the highest pneumonia burden are India, Indonesia, Chad, China and Somalia. These countries are still not using pneumococcal conjugate vaccines in their routine immunisation programmes which were introduced in 2000. Preventive steps taken : Recently, India had announced a partial introduction of these vaccines in five states (Bihar, Uttar Pradesh, Madhya Pradesh, Rajasthan and Himachal Pradesh) from 2017. Earlier in 2015, India had introduced rotavirus vaccines in four States.

Researchers from Hyderabad have isolated Helicobacter pullorum bacterium in chicken that may be source of transmission of the multidrug resistance pathogen to humans. This is the first evidence on prevalence and isolation of H. pullorum multidrug resistance bacterium from broilers and free-range chicken sold in Indian markets. Helicobacter pullorum : Helicobacter pullorum is a pathogen commonly found in the liver and gut of poultry birds including chickens. It is untreatable and may be cancer-causing. It is being suspected that H. pullorum is resistant wide range of antibiotics such as fluoroquinolones, cephalosporins,   sulfonamides and macrolides Infected chicken with Helicobacter pullorum bacterium when consumed are known to cause gastrointestinal infections in humans.  Besides, Helicobacter pullorum is known to produce a cancercausing agent called cytolethal distending toxin. This toxin damages the DNA and interferes with the cell cycle. Since this multidrug resistance bacterium also infects the liver, it increases the risk of cancer in the organ.  

An Indian-origin man in South Africa, who founded the internationally-lauded Gift of the Givers Foundation, has been awarded the prestigious Global Citizen Award for his “innovative and visionary” contribution to the global community. Imtiaz Sooliman was honoured at the end of the 10th annual Global Residence and Citizenship Conference in London The award consists a specially-made commemorative medal, an award certificate signed by the president of the independent Award Committee and a USD 50,000 monetary prize, of which USD 25,000 is donated to the UN High Commissioner for Refugees. Sooliman is certainly a worthy recipient of the award as his work is innovative and visionary. He has demonstrated extraordinary courage and commitment, and the work of his foundation has had a significant impact on the lives of the most vulnerable in our global community Since his foundation’s beginnings in August 1992, Sooliman has grown the Gift of the Givers into Africa’s largest disaster relief organisation, raising more than ZAR 2 billion (USD 150 million) in life-saving aid for 42 countries around the world, including war-ravaged states such as Syria, Libya, Sudan, Somalia, and Bosnia.

Chhattisgarh has become first state in the country to e-auction minor mineral mines. The state government auctioned the Bharda dolomite mine located in Bilaspur district through the e-auction route. The mine having an estimated reserve of about 1.5 million tonnes is spread across 3.80 hectare area. The state exchequer would get Rs 18 crore as auction money. Besides royalty of Rs 9 crore, the mine would contribute Rs 90 lakh to the district mineral fund (DMF). The company bagging the deal had been granted composite licence that includes prospecting licence (PL) and mining licence (ML). Chhattisgarh is also first state to successfully conclude the first phase of non-coal mining auctions. The state government would get an additional Rs 4,413 crore over the life of lease in addition to royalty and district mineral foundation.  For the first time, the gold mine was also put up for auction in Chhattisgarh. The London-listed Vedanta Resources bagged the mine located in Baghmara (Sonakhan) in Balodabazar district.

India and Bhutan signed a new bilateral trade agreement to enhance trade between the two countries through trade facilitation by improving procedures. The bilateral agreement aims at cutting down on documentation and adding additional exit and entry points for Bhutan’s trade with other countries. It is also expected to further strengthen the excellent relations between the two countries. The agreement was signed by Commerce and Industry Minister Nirmala Sitharaman and H.E. Tengye Lyonpo Lekey Dorji, Minister for Economic Affairs, Bhutan. Sitharaman also had a bilateral meeting with a high level Bhutanese delegation led by Dorji where both the leaders discussed various issues related to bilateral trade, transit and investment. The first agreement on trade and commerce between Bhutan and India was signed in 1972. Since then, the agreement has been renewed four times. The last agreement was renewed on July 28, 2006 and was valid till July 29, 2016. The validity of the agreement was extended for a period of one year or till the date of coming into force of the new agreement, whichever is earlier, by exchange of diplomatic notes between the two countries.

India will preside the eighth edition of the Conference of Parties (COP) to WHO Framework Convention on Tobacco Control (FCTC) which will be held in Switzerland's Geneva in 2018.  Health Secretary C K Mishra has been chosen as the President of the COP Bureau, for the next two years, after a unanimous decision by the COP7 Plenary session . The World Health Organisations Framework Convention on Tobacco Control (FCTC) is the world's biggest convention to frame the anti-tobacco policies.  COP Bureau is the main administrative body of WHO FCTC that decides on strategies on how to implement the decisions taken in the COP session, which happens every two years. It also monitors implementation by the party countries.  According to FCTC website, the COP elects at each regular session its President as well as five vice-presidents. These officers, each representing a WHO region, constitute the Bureau of the Conference of the Parties.  According to Rule 21 of the Rules of Procedure of the COP, they shall commence their term of office at the closure of the session and shall serve until the closure of the following regular session of the Conference of the Parties, including for any intervening extraordinary session . The Seventh Session of COP7 to WHO FCTC was hosted by India for the first time and culminated . About 1,500 delegates participated in the conference from around 180 countries along with other observers in official relations with the WHO FCTC Secretariat in Geneva. 

Hockey India president Narinder Batra was elected president of the international hockey federation (FIH) in Dubai . He beat David Brinie of Ireland and Ken Read of Australia in a three-man race. Batra, who became the president of Hockey India in October 2014 after serving as secretary, had criss-crossed the globe to seek votes in the last few weeks. Batra : Batra is the first Asian to become the chief of the sport, thus breaking the monopoly of Europeans who have been ruling international hockey for decades. Batra succeeds Spaniard Leandro Negre, who was the FIH chief since 2008. Negre had defeated Netherlands’ veteran hockey administrator Els van Breda Vriesman to become FIH supremo. Batra joins a select band of Indian sports administrators who have led world bodies, notable among them being International Cricket Council (ICC) president Jagmohan Dalmiya and Sharad Pawar.  

Australia will host the 2018 Invictus Games for wounded military personnel, Britain's Prince Harry announced . More than 500 serving and former personnel from 17 nations will compete in the multi-sports competition in Sydney. Athletes, who have been wounded, injured or become ill in service, will compete in both individual and team sports including swimming, archery, cycling, track and field, and wheelchair rugby. Australian Minister for Defense Marise Payne said hosting the games was an honour and a tribute to the unconquerable character of servicemen and women. The games have been held in London and Orlando, and are due to be held in Toronto next year.

The India-China Joint Training Exercise "Hand in Hand 2016" will be held in Pune from November 15 to 27. The exercise is in continuation of the series of joint exercises between India and China. This will be the sixth joint training exercise between the Indian Army and the People's Liberation Army of China and is held annually, alternately, in India and China. The first exercise was held in China at Kunming in Yunnan province in 2007. The last exercise was held in October 15, 2015 at the Kunming Military Academy in China. The aim of the joint training is to share the expertise in drills and practices while tackling insurgency and terrorism, thereby promoting healthy military to military relations between the two armies and developing joint strategies for conducting operations in a counter terrorismenvironment. Forming part of the different levels of the military to military engagement across the entire spectrum of operations, this exercise will enrich the two contingents in further honing basic military skills. The exercise is planned at the company level with respective battalion headquarters controlling the training. The exercise is supervised by a joint directing panel comprising senior officials of both the nations. Exercise 'Hand in Hand 2016' will be conducted in three phases. The first phase of the exercise consists of familiarization with weapons and equipment. The second phase will consist of basic training that includes combat conditioning, firing of personal weapon, support weapon and practice of drills like establishment of covert observation post, house clearing, cordon and search and humanitarian and disaster relief operations. The third phase of the exercise is the conduct of joint exercise. Exercise Hand-in-Hand contributes immensely in developing mutual understanding and respect for each other's military. The exercise will be attended by the senior military observers of both countries.

Union Government has unveiled a slew of measures in an attempt to strengthen cyber security in India. It was announced by the Union Minister for Electronics and IT Ravi Shankar Prasad at the Economic Editors’ Conference-2016. The conference was organised by the Press Information Bureau (PIB) in collaboration with the Union Ministry of Finance in New Delhi. Central Government is taking measure to strengthen Cert-IN (Indian Computer Emergency Response Team), the governments’ cyber security arm Mandatory for all organisations having a significant IT infrastructure will need to appoint cyber security officers. State Certs are being planned by Maharashtra, Telangana, Tamil Nadu, Kerala and Jharkhand.  Three sectoral Certs in power sector viz. generation, transmission and distribution also have been set up in addition to the existing banking sector one.  National cyber coordination centre (NCCC) is being set up to provide near real time situational awareness and rapid response. This project will be completed in 5 years at a cost of Rs 985 crore. The Phase 1 of NCCC is expected to be operational by March 2017. The Central Government will also launch Botnet Center shortly. CERT-In (Indian Computer Emergency Response Team)  : CERT-In is a government-mandated nodal agency for information technology (IT) security established in 2004. It is nodal department under the aegis of the Indian Department of Information Technology, Ministry of Electronics and IT. According to the provisions of the IT Amendment Act, 2008, CERT-In is responsible for overseeing administration of the Act. Purpose of CERT-In : (i) Protect Indian cyberspace and software infrastructure against destructive and hacking activities. (ii) Respond to computer security incidents, report on vulnerabilities and promote effective IT security practices throughout the country. (iii) Issue guidelines, vulnerability notes, advisories, and whitepapers regarding to information security practices, prevention, procedures, response and reporting of cyber security incidents.

A high-level Group of Ministers (GoM) has approved imposing a heavy fine and ban on celebrities who endorse products making unrealistic and dodgy claims. The GoM headed by Union Finance Minister was tasked to look into the issue of Celebrity endrosement and recommendations of Standing Committee of the Parliament on the recently introduced The Consumer Protection Bill, 2015. GoM recommendations :  First time offender celebrities should be fined Rs 10 lakh and banned for one year. Second and subsequent offenders should be fined Rs 50 lakh and banned for up to 3 year. Dropped Standing committee’s proposal of jail term to celebrities found guilty for misleading endorsement. The Union Government had introduced The Consumer Protection Bill, 2015 in Parliament to replace the Consumer Protection Act, 1986 to deal with consumer protection and safety. The bill proposes tough measures for the protection of consumer rights and providing strict punishment to violators.  After its introduction it was referred to a Standing Committee, which gave a report suggesting measures like making celebrities accountable for the brands they endorse. It also had called for severe penalties such as jail term for celebrities endorsing brands, publishers/broadcasters of misleading advertisements and manufacturers of such products. For the first-time offence, offender celebrities should be penalised with either a fine of Rs 10 lakh or imprisonment up to two years or both. For second-time offences, offender celebrities should be penalised with either Rs 50 lakh or imprisonment of five years or both. The issue of accountability of celebrities as brand endorsers was in spotlight after the ban on Nestle India Ltd’s Maggi Noodles over inadequate safety standards and high levels of lead and Monosodium glutamate (MSG). The ban was subsequently lifted. Besides this, some other celebrities, too had faced public ire for endorsing brands that did not meet expectations.

The World Diabetes Day 2016 was observed across the world on 14 November with the theme Eyes on Diabetes.  Many activities were conducted with the main focus on promoting the importance of screening to ensure early diagnosis of type 2 diabetes and treatment to reduce the risk of serious complications. World Diabetes Day : World Diabetes Day is an annual campaign, led by the International Diabetes Federation (IDF) and its member associations. It is celebrated every year on 14 November and engages millions of people worldwide in diabetes advocacy and awareness.  The Day was created in 1991 by the International Diabetes Federation (IDF) and the World Health Organization (WHO) in response to concern over the escalating incidence of diabetes around the world. World Diabetes Day became an official United Nations Day in 2007 with the passage of United Nation Resolution 61/225.

Tejaswin Shankar, a 17-year-old boy from Delhi, smashed the 12-year-old national senior record of high jump with an effort of 2.26 meter. With this, he managed to win the gold in the Under-18 category on the opening day of the 32nd National Junior Athletics Championships in Coimbatore. Tejaswin achieved the rare feat of a junior athlete breaking the national senior record. He broke 2.25 meter record of Harishankar Roy of West Bengal, who broke Chandrapaul Ratni’s previous mark of 2.17 metres at the Asian All Star Athletics Meet in Singapore.

Gujarat government has decided to start Deendayal generic medicine stores to sell generic medicines. These stores will remain open 24 hours and sell around 1000 generic drugs to the poor patients at 40 to 80 percent lower rates. As per the decision announced on 10 November 2016, in the first phase, 52 stores will be opened in cities and towns. In a statement, Minister of State for Health, Shankar Chaudhary said, trained staff will operate these computerised stores. Highlights  : In the second phase, the number of drugs will be increased to 2000. These stores will also be opened at tehsil level. The stores will also operate on a franchise model. Generic, branded generic, over-the-counter medicines and surgical implants will be available at stores. Besides, the state health minister Shankar Chaudhary also launched a Mobile application named 'G-Dava'. The app will act as a search engine for information on branded and generic medicines, price difference, chemical composition, availability, and others.  

United Nations in a statement said that the tennis star Maria Sharapova will once again be its goodwill ambassador. She will be re-appointed as UN Goodwill ambassador after her doping ban expires in April 2017 and she returns to international tennis competition. Maria Sharapova receives two-year suspension for failing drug test Maria Sharapova was suspended as the goodwill ambassador on 15 March 2016 after she tested positive for the banned substance meldonium at 2016 Australian Open. Her suspension ended her nine-year-long partnership with the UN development programme.  The five-time grand slam winner was named as a goodwill ambassador in February 2007. UN suspended Maria Sharapova as goodwill ambassador after doping allegations Earlier in October 2016, the Russian star's 24-month ban for testing positive for meldonium was cut to 15 months by the Lausanne-based Court of Arbitration for Sport. Sharapova had admitted using meldonium for 10 years to help treat illnesses, a heart issue and a magnesium deficiency.

Indian Navy Sailing Vessel (INSV) Mhadei with an all-women crew was flagged off from Goa to Cape Town, South Africa. The vessel was flagged-off at the Boat Pool of INS Mandovi on 9 November 2016 by Rear Admiral Monty Khanna, Commandant Naval War College. The vessel that will reach Cape Town on 15 December 2016 will be participating in the “Cape to Rio Race” (Cape Town to Rio de Janeiro). The race will start from Cape Town on 26 December 2016. Voyage : The women officers have already sailed to Mauritius during peak monsoons and so have the experience of handling the long journey till Cape Town. It consists four legs: Goa-Cape Town Cape Town- Rio de Janeiro (the actual race) Rio de Janeiro – Goa Navy has prepared four sets of crew for all four legs. The Purpose was to prepare a larger base of adventure loving seafarers.The present leg of sailing up to Cape Town is being undertaken by an all-woman crew. The captain of the vessel is Lt. Cdr Vartika Joshi. The ‘Cape Town to Rio race’ will be undertaken by a mixed crew of men and women headed by Capt. Atool Sinha, the officer-in-charge of the recently established Ocean Sailing Node of the Navy.Capt. Sinha is an Asian Games silver medalist.The return legs would have separate sets of crew. The Cape Town to Rio race will be the longest continent to continent yacht race in the Southern hemisphere with a total length of 6500kms across the South Atlantic Ocean. A fleet of at least 50 yachts are expected to participate in it. INSV Mhadei is expected to return in May 2017.

Meng Hongwei, a top-level Chinese Security Minister was elected as the president of the International Crime fighting and police cooperation organization (Interpol). Meng will serve as President until 2020. With this appointment, Meng Hongwei becomes the first official from China to take the post. He has previously served as the head of Interpol China. At the time of this appointment, he was holding the position of China’s Vice Minister for public security. He was sworn into his new position on 10 November 2016 at the closing of the organisation’s 85th general assembly in Bali, Indonesia. Meng Hongwei : Meng has almost 40 years’ experience in criminal justice and policing He had overseen affairs related to legal institutions, narcotics control, counter-terrorism, border control, immigration and international cooperation. Earlier, he had held many positions in the Ministry of Public Security like Director-General of the Traffic Control Department, Director of the Patrol Police Division, Assistant Minister and Vice Minister.He also served as Vice Chairman of the National Narcotics Control Commission, Member of the Chinese Council of the Shanghai Cooperation Organisation Regional Counter-Terrorism Structure and Director of the National Counter-Terrorism Office. He also serves as Director-General of the China Coast Guard.  Interpol : The organization was founded in 1914 and is headquartered in Lyon, France. It is the second largest international organisation after the United Nations with 190 members.It plays an important role in deepening global police cooperation and tackling transnational criminal offenses.  The Concerns : Election of Meng Hongwei, a Chinese national, to the world’s largest law enforcement agency turned up to be a reason for concern. His appointment is a concern for human right advocates because he belongs to the nation, where human right abuses are visible. Interpol with its many human rights abuse cases looks to be an ideal tool for political enforcement of a one party system.Previous incidents reveal China’s attempts to use Interpol red notices, which place people on global wanted lists, against political dissidents: One such example is of Dolkun Isa, who in spite of being granted political asylum by Germany has been placed on the Interpol’s red notice by China. Isa is the head of the World Uyghur Congress that speaks on behalf of Uyghurs, a Turkic-speaking, largely Muslim minority living in China's Xinjiang province. Another example is that of Li Dongsheng, a former Vice Minister of Public Security who was sentenced to 15 years of imprisonment in a corruption charge by a Chinese court in Tianjin. He was a protégé of disgraced former head of China's security services, Zhou Yongkang who was awarded life imprisonment in June 2015 for corruption offenses. Meng Hongwei took over from France’s Mireille Ballestrazzi. His tenure will be for 4 years. His primary duty will include chairing meetings of the Interpol’s Executive Committee and ensuring the implementation of decisions made at the General Assembly.  

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