Daily Current Affairs - 16th Nov 2017

Aditi Ashok becomes first Indian to qualify for LPGA Tour Championships

  • Aditi Ashok has qualified for the season-ending CME Group Tour Championship on the LPGA, becoming the first from the country to play in the prestigious meet. The 19-year-old prodigy is one of the eight rookies to make it to the Tour Championships in what is one of the strongest fields in women’s golf.
  • This year Aditi has played 20 events on the LPGA and made cut in 13 of them with tied 8th at the Marathon Classic as her best result.

Amitabh Bachchan honoured with personality of the year award at IFFI

  • Bollywood legend Amitabh Bachchan will be honoured with personality of the year award at the upcoming International Film Festival of India (IFFI) in Goa. The award will be given to him during IFFI which will be held from November 20-November 28. He has won four national awards for best actor and 15 Filmfare Awards.

BSE appoints S Ravi as its new chairman

  • Eminent chartered accountant Sethurathnam Ravi has been appointed as the chairman of the leading stock exchange BSE. Ravi, who was a public interest director at the BSE, replaces Dhirendra Swarup.
  • Ravi's appointment has been approved by the Sebi.
  • He has experience of holding a number of positions on the board of banks, financial institutions and asset management companies in the financial sector.
  • Presently, Ravi serves as a director on boards of various companies such as IDBI Capital Markets Services, UTI Trustee Company, S Ravi Financial Management Services, SMERA Ratings, SBI-SG Global Securities, IDBI Bank, STCI Finance, Tourism Finance Corporation of India and BOI Merchant Bankers.

BSE arm, Thomson Reuters launch new trading solution

  • Marketplace Tech Infra Services, an arm of the premier exchange BSE, launched BEST (BSE Electronic Smart Trader), a state-of-the-art hosted trading solution built on Thomson Reuters Omnesys NEST platform.
  • The new platform will facilitate seamless trading for BSE customers across multiple exchanges, including the BSE, NSE, MCX and NCDEX for a wide range of investment categories like equity, equity derivatives, bonds, currency and commodities on a single terminal.
  • Last month, Marketplace had inked a pact with Thomson Reuters to build the trading solution for BSEs members and customers.
  • The platform aims to help traders make informed investing decisions and manage risks, along with the benefit of speed and accuracy, this increasing the effectiveness of the transaction.

Centre to introduce BS-VI grade auto fuels in National capital Territory in 2018 instead of 2020

  • Taking into account the serious pollution levels in Delhi and adjoining areas, the Union Petroleum Ministry in consultation with Public Oil Marketing Companies has decided for preponement of BS-VI grade auto fuels in National Capital Territoty of Delhi from 1st April next year instead of 1st April 2020.
  • This is part of government's concerted efforts to reduce vehicular emissions and improve fuel efficiency with an aim to reduce the carbon footprints and keep a healthy environment.

Dantewada hosts India 1st Tribal Entrepreneurship Summit

  • Aiming to promote the spirit of entrepreneurship among tribal youths,the NITI Aayog in partnership with the US government organized India’s first Tribal Entrepreneurship Summit at Dantewada district of Chhattisgarh. This event is an 8th Global Entrepreneurship Summit, being held in India which ensures yet another step towards tribal-centric sustainable and inclusive development.
  • The summit will see the participation of tribal entrepreneurs from various sectors across the country and abroad. The summit not only provides a platform to tribal youth but also addresses the issues faced by the tribal community in pragmatic and progressive way
  • Dantewada is known for the forest produce and especially for the millets, is hosting India's first Tribal Entrepreneurship Summit.

IBSF World billiards championship: Advani gets bronze

  • Pankaj Advani settled for bronze in the long-up format of the IBSF World billiards championship after losing to English opponent Mike Russell in the semifinals here. Russell reached the desired 1250 mark ahead of Advani.
  • After a strong start by Advani, Russell rose to the occasion and fired in breaks of 551, highest of the tournament so far, along with a 447 to race to the final where he awaits the winner of Myanmar’s Nay Thway Oo and England’s Robert Hall.
  • Earlier in the quarterfinals, both Indians Dhruv Sitwala and Sourav Kothari crashed out of the tournament. Thway Oo bt Sitwala 1000-875 and Hall beat Kothari 1000-746.

Indian Men's Rugby team to compete at Asia Rugby Ch'ship in Taiwan

  • The Indian Men's Rugby team is set to compete at the Asia Rugby Championship to be held in Taiwan . The team is participating under the aegis of the Indian Rugby Football Union. Four Asian countries Singapore, Thailand, India and host Chinese Taipei, will vie for top honours.

International solar alliance to support setting up 1000 GW of solar energy capacity

  • The International Solar Alliance(ISA), a new intergovernmental body set up India’s behest at the Paris climate change conference in 2015, has set its eyes on installing 1000 GW of solar energy by the year 2030.
  • France is a key partner in the ISA along with India, which is open for membership to 121 countries lying in the tropical regions. So far, 44 countries have signed on to the alliance while 16 of them have also ratified it.
  • The bulk of the 121 countries that are located within the tropics are rich in solar resources despite which large sections of their populations have little or no access to energy.
  • ISA has just been ratified by enough number of countries to make it operational. It will become operational by December 6 this year.

Minister Smriti Irani greets all media persons on National Press Day November 16

  • Information and Broadcasting Minister Smriti Irani has greeted to all media persons on National Press Day, November 16. Press best known as the fourth pillar of democracy, a vibrant and free press is instrumental in strengthening Indian democratic roots.

More banks may sign MoUs with govt.

  • The Union government is planning to ask more public sector banks to enter into an agreement with it if they want more capital, provided banks improve their performance. This was communicated by finance ministry officials to the bankers in the two-day meeting that concluded on November 12.
  • Earlier, the government had entered into an agreement with 11 banks, and had asked them to submit a turnaround plan and had linked capital infusion with the pace of turnaround.
  • Some of the banks that had been asked by the government for a turnaround plan in that instance were IDBI Bank, Indian Overseas Bank, Bank of Maharashtra, UCO Bank and United Bank of India.
  • Recently, the government had announced a capital infusion of Rs. 2.11 lakh crore in public sector banks over two financial years, starting from the current fiscal.

PM Modi remains by far the most popular figure in Indian politics

  • Prime Minister Narendra Modi remains by far the most popular figure in Indian politics as per the survey conducted by an American think tank, Pew Research Centre. Mr Modi at 88 per cent is 30 points ahead of Congress leader Rahul Gandhi with 58 per cent, 31 points ahead of Congress President Sonia Gandhi with 57 per cent and 49 points ahead of Delhi Chief Minister Arvind Kejriwal, who is at 39 per cent.
  • The think-tank said, Indians’ approval of Prime Minister Narendra Modi and their satisfaction with both their country’s direction and the state of its economy have grown in recent years.
  • According to the survey, at least nine-in-ten Indians in the southern states of Andhra Pradesh, Karnataka, Tamil Nadu and Telangana and in the western states of Maharashtra, Gujarat and Chhattisgarh hold a favorable view of the Prime Minister.

RBI Governor appointed to Financial Stability Institute Advisory Board

  • RBI Governor Urjit Patel has been appointed to the Financial Stability Institute Advisory Board or the Bank of International Settlement (BIS). The Financial Stability Institute (FSI) of the BIS assists financial sector authorities worldwide in strengthening their financial systems.
  • Bank for International Settlements is an international financial organisation owned by 60 member central banks across the world.
  • Since the beginning of 2017, the FSI has been implementing a new strategy that includes achieving closer interaction with central banks and financial supervisory agencies.
  • General Manager of Bank of International Settlement (BIS) : Jamie Caruana
  • Headquarters: Basel, Switzerland

Sindhu, Saina through China Open Super Series Premier badminton

  • India’s P.V. Sindhu and Saina Nehwal made the women’s singles second round with straight game victories in the China Open Super Series Premier badminton.
  • Women’s singles: Saina Nehwal bt Beiwan Zhang (USA) 21-12, 21-13; P.V. Sindhu bt Sayaka Sato (Jap) 24-22, 23-21
  • Men’s singles: H.S. Prannoy bt Lee Dong Keun (Kor) 18-21, 21-16, 21-19;

Supreme Court stays Rajasthan High Court's interim order on OBC quota

  • The Supreme Court of India has stayed the Rajasthan High Court's interim order restraining the state government from notifying the law giving quota to Gujjars and other communities under OBC category.
  • The Apex Court accepted the Rajasthan governmet's submissions that a court cannot stop a legislative process and set aside the High Court's prohibitory order. The Court clarified that the State will not cross 50 per cent of reservation until the writ petition is decided by the Rajasthan High Court.

Syria Formally Joins Paris Climate Agreement

  • Syria has formally joined the 2015 Paris deal aimed at slowing climate change, the United Nations said, leaving the United States as the only country opposed to the pact.
  • Syria, racked by civil war, and Nicaragua were the only two nations outside the 195-nation pact when it was agreed in 2015. Nicaragua's left-wing government signed up last month.
  • U.N. spokesman told reporters that Syria had submitted instruments of accession to the Paris climate deal and that the move would enter into force for the country on Dec. 13.
  • U.S. President Donald Trump announced in June that he intended to pull out and instead promote U.S. coal and oil industries.
  • The Paris agreement seeks to limit a rise in temperatures to "well below" two degrees Celsius (3.6 Fahrenheit) above pre-industrial times, ideally 1.5.

Zimbabwe is under military control after army seizes power from Mugabe

  • Zimbabwe's military leaders have seized control of the impoverished southern African nation, placing longtime leader Robert Mugabe under house arrest and deploying armored vehicles to the streets of the capital. Troops were reportedly stationed at Zimbabwe's Parliament and the presidential palace.
  • The military move follows a power struggle over who might replace Mr Mugabe. His vice-president, Emmerson Mnangagwa was fired last week, making Mr Mugabe's wife Grace the president's likely successor which left top military officials feeling sidelined.
  • Mugabe, 93, the world's oldest living leader.
  • Capital: Harare
  • Currencies: United States Dollar, South African rand, Euro, Indian rupee, Pound sterling, Australian dollar, Renminbi, Botswana pula