Top Current Affairs of the day: 24 November 2016

Last Updated: November 24, 2016

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  • Defence Ministry to relook at defence blacklist guidelines

    November 24, 2016
    The Union Defence Ministry is planning to relook at defence blacklist guidelines for dealing with global defence firms engaged in corruption in arms deals.
    Thus, under recently released new policy called ‘Guidelines of the Ministry of Defence for penalties in business dealings with entities’ the Union Defence Ministry will “re-ascertain” the list of companies banned from doing business in India. The blacklisting policy was approved by the Defence Acquisition Council... Read More

    Andhra Pradesh Government launches water distribution monitoring portal

    November 24, 2016
    Andhra Pradesh Government has launched the ‘Smart Water Distribution Monitoring’ web interface. The monitoring portal is a part of ourvmc.org from where it can be accessed.
    It was formally launched by Chief Minister N Chandrababu Naidu. Using this portal people can check the status of drinking water in the water tanks nearby.
    The portal has Supervisory Control and Data Acquisition (SCADA) system. This system helps in reduction of water wastage as well as ensures seamless... Read More
    Category: Indian Affairs

    IAF s Upgraded Jaguar DARIN III aircraft receives IOC

    November 24, 2016
    The upgraded Jaguar DARIN III twin-seat aircraft has received Initial Operation Clearance (IOC). It is considered as a significant milestone for the country’s military aviation sector. The satisfactory completion of IOC was announced by Deputy Chief of IAF, Air Marshal RKS Bhadauria who had flown the aircraft at HAL airport in Bengaluru. Hindustan Aeronautics Limited (HAL) has upgraded 3 DARIN I Standard Jaguars to DARIN III Standard. The aircraft is now equipped with world class... Read More
    Category: Defence

    Union Cabinet approves introduction of Merchant Shipping Bill

    November 24, 2016
    Union Cabinet has approved the introduction of Merchant Shipping Bill, 2016 in the Parliament. Simultaneously, the cabinet also approved repealing of the Merchant Shipping Act, 1958 and the Coasting Vessels Act, 1838. The Merchant Shipping Act, 1958 has been amended 17 times between 1966 and 2014 resulting in an increase in the number of sections to more than 560 sections. However, these provisions have been shortened to 280 sections in the Bill. Provisions of the Bill  : It allows... Read More
    Category: Bills & Acts

    CCEA approves setting up of Jawahar Navodaya Vidyalayas in districts

    November 24, 2016
    The Cabinet Committee on Economic Affairs (CCEA) has approved the setting up of Jawahar Navodaya Vidyalaya (JNV) in 62 uncovered districts with an outlay of Rs 2871 crore. The expenses for this purpose will be Rs 109.53 crore during the 12th Plan with the total outlay of Rs 2761.56 crore from the year 2017-18 to 2024-25.   It is expected that nearly 35000 students will be benefitted from these JNVs. Highlights :  It will provide good quality modern education to the talented... Read More

    National Green Tribunal orders green audit of all government buildings of Delhi

    November 24, 2016
    The National Green Tribunal (NGT) has ordered environment audit of all the government buildings, including offices and hospitals, in Delhi to control pollution. The purpose behind the move is to make every government building to take necessary precautions to control pollution so that no hazardous result follows in relation to public health. The order was issued by the NGT bench, which was conducting a hearing in the petition filed by Vardhaman Kaushik over toxic air of the National Capital.... Read More
    Category: Indian Affairs

    IBBI notifies three sets of regulations under Insolvency and Bankruptcy Code

    November 24, 2016
    The Insolvency and Bankruptcy Board (IBBI) of India on 23 November 2016 notified three sets of regulations- (Insolvency Professional) Regulations, 2016; Regulations inter alia provide for registration, Regulation and oversight of insolvency professionals. These regulations were notified under the Insolvency and Bankruptcy Code, 2016 and will come into effect from 29 November 2016.
    All these regulations provide for registration, regulation and oversight of insolvency professionals under... Read More
    Category: Business & Economy

    th APEC Summit concludes in Peru

    November 24, 2016
    The 24th edition of Asia-Pacific Economic Cooperation (APEC) summit concluded on 20 November 2016 in Lima, Peru. The summit ended with adoption of the 2016 Leaders Declaration. The summit also closed with a joint pledge to work toward a new free trade agreement that would include all 21 members as a path to “sustainable, balanced and inclusive growth.” The theme of the 24th APEC Summit was “Quality Growth and Human Development”. The architecture of Caral, an ancient... Read More

    ITU released Measuring the Information Society Report

    November 24, 2016
    UN International Telecommunication Union (ITU) released the 2016 edition of the Measuring the Information Society Report. The report was launched on 22 November 2016 during the World Telecommunication/ICT Indicators Symposium (WTIS).
    WTIS was held in Botswana, South Africa from 21 November to 23 November 2016. The ITU index prepared after surveying 175 economies of the world was topped by the Republic of Korea with IDI of 8.84. The Sub-Saharan Africa’s Niger with an IDI of 1.07... Read More
    Category: International

    Turkey to chair Energy Club of Shanghai Cooperation Organization

    November 24, 2016
    Turkey will chair the Energy Club of the Shanghai Cooperation Organisation (SCO) in 2017. With this, it became the first non full member country to be the chairman of a club in the organisation. Ankara's proposal for non-SCO member countries to host the term presidency of the Energy Club was accepted in a meeting on 22 November 2016. The nomination came after officials from Russia and China gave green signal to Ankara after the country’s President Recep Tayyip Erdogan pointed to the... Read More

    RBI doubles cap on PPIs to Rs

    November 24, 2016
    The Reserve bank of India (RBI) has increased the per month limit of Prepaid Payment Instruments (PPIs) to Rs. 20,000 from Rs. 10,000 and to Rs. 50,000 for merchant bank.
    This decision was taken due to sudden increase in demand for digital wallets (especially mobile wallets) after Government announced demonetisation of Rs. 500 and Rs. 1000 notes. The prepaid PPIs could be also issued to merchants if they provided a self-declaration in respect of their status and bank account and also to... Read More
    Category: Business & Economy

    Ex Governor of Madhya Pradesh Ram Naresh Yadav passes away

    November 24, 2016
    Yadav courted controversy after his name cropped up in the Vyapam recruitment scam during investigations. During the course of investigation of the Vyapam scam, the MP police's Special Task Force (STF) registered an FIR against Ram Naresh Yadav which was later quashed by the High Court. Ram Naresh Yadav : Yadav had recently completed his term in the Raj Bhawan in Bhopal in September 2016.He served as the Madhya Pradesh Governor from August 2011 to September 2016.  He was also Uttar... Read More
    Category: Obituary

    Tianlian I Data Satellite successfully launched by China

    November 24, 2016
    China has successfully launched its fourth data satellite to achieve global network operation that will provide data relay, measurement and control services for its manned spacecraft. The satellite, Tianlian I-04, was launched on a Long March-3C carrier rocket at 11:24 pm Beijing time from the Xichang Satellite Launch Centre . Developed by the China Academy of Space Technology under the China Aerospace Science and Technology Corporation, the satellite will join its three predecessors to... Read More

    Sun Pharma to acquire stake in Russia s Biosintez for million

    November 24, 2016
    India’s largest drug maker Sun Pharma, facing an uncertain US market over pricing issues, launched an attempt to move into emerging markets and announced has the acquisition of Biosintez, a Russian company making and marketing pharmaceutical products in the Common Wealth of Independent Countries.
    Sun Pharma picked up 85.1% of the company for US$ 24 million and also the debt of approximately US$ 36 million as part of the transaction. Biosintez is a Russian pharmaceutical company... Read More
    Category: Business & Economy

    Trump names South Carolina Governor Nikki Haley as UN envoy

    November 24, 2016
    Donald Trump, the President-elect of the United States of America (USA), on 23 November 2016 named South Carolina Governor Nikki Haley as the US Ambassador to the United Nations. With this, Haley becomes the first non-white female cabinet-level official to be appointed within the Trump administration. She will be serving Carolina as its Governor until her nomination is not confirmed by the Senate. Besides Nikki Haley, President-elect Trump also named Betsy DeVos as education secretary of the... Read More

    Government appoints Yudhvir Singh Malik as new Chairman of NHAI

    November 24, 2016
    The government has appointed Yudhvir Singh Malik as the Chairman of National Highways Authority of India (NHAI). Malik, an 83 batch Haryana cadre IAS officer, was earlier posted as special secretary in Niti Aayog. The outgoing chairman Raghav Chandra, an 82 batch Madhya Pradesh cadre IAS officer, has been moved to the National Commission for Scheduled Tribes as secretary.
    Malik will have a huge task at his hands meeting government’s ambitious road construction target of 10,000 km for... Read More
    Category: Persons

    BHEL commissions MW power plant at Hazira for RIL

    November 24, 2016
    Bharat Heavy Electricals Limited (BHEL) has commissioned a 93 MW steam turbine-based captive power plant (CPP) for Reliance Industries Ltd (RIL) at Hazira in Gujarat. Notably, this is the second unit of the 4x93 MW steam turbine-based CPP, being set up by BHEL for Reliance Industries, at Hazira. BHEL is also setting up a 3x93 MW steam turbine-based CPP for RIL at Dahej in Gujarat. The CPPs are being set up to meet the power requirements of RIL’s refinery projects at Hazira and... Read More
    Category: Business & Economy

    Brunei s largest bank inks deal with Ramco for ERP integrated solution

    November 24, 2016
    Brunei’s largest bank and flagship Islamic financial institution, Bank Islam Brunei Darussalam Berhad, has signed a deal with Ramco Systems wherein it will integrate its business processes across HR and enterprise resource planning functions with Ramco Systems’ Enterprise Resource Planning (ERP). Ramco will implement its ERP solution integrated with full suite HCM and Global Payroll, across BIBD’s branches and over 900 employees spread in Brunei’s four... Read More
    Category: Business & Economy

    NABARD sanctions Rs crore to district cooperative banks

    November 24, 2016
    The Union Government has allowed National Bank for Agriculture and Rural Development (NABARD) to disburse Rs 21,000 crore to help cash-starved farmers to sow Rabi crops.
    The money will be disbursed by NABARD to District Central Cooperative Banks (DCCBs) which will enable them to pass on grant funds to the primary agriculture cooperatives. The farm cooperatives will further pass it to farmers for meeting crop loan requirements in Rabi season. Besides, banks also have been asked to ensure... Read More
    Category: Business & Economy

    Bharti Airtel starts first Payments Bank Service in Rajasthan

    November 24, 2016
    Airtel has launched India's first live payments bank on Wednesday, which would provide an interest of 7.25% per annum on deposits.
    Aimed at testing systems and processes ahead of a full-scale pan-Indian launch, Airtel Payments Bank has rolled out a pilot of its banking services in Rajasthan. It informs that account can be opened with Aadhaar based paperless e-KYC, with no extra documents required and customer's Airtel mobile number would be his/her bank account number. The company... Read More
    Category: Business & Economy

    Fifth International Tourism Mart Organised In Imphal

    November 24, 2016
    The fifth edition of International Tourism Mart began in Imphal on November 23, 2016. The three-day event organized in the capital of Manipur was inaugurated by Chief Minister of the state, Okram Ibobi Singh, and will be held between November 23– 25 2016. The event has been organized by The Union Tourism Ministry, in association with the Northeastern states and West Bengal. To provide a platform for interaction between buyers, sellers, media, government agencies and other stakeholders,... Read More
    Category: Indian Affairs



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