Daily Current Affairs - 30th Oct 2019

36 million Indians face flood risk: study

  • The number of Indians who stand to be affected by rising sea levels may have been underestimated by as much as 88%, according to a study that uses a new modelling approach.
  • In India, 36 million people would face annual flooding by 2050 and 44 million by 2100 if emissions continue to rise unabated.
  • Nearly 21 million people are expected to be living below the High Tide Line, the boundary that marks the farthest to which the sea reaches into the land at high tide.
  • Globally nearly 110 million people live on land below the current high tide lines and 250 million on land below annual flood levels.
  • Other than India, the flood risk has also been underestimated for China at 93 million, Bangladesh at 42 million; Vietnam 31 million; Indonesia 23 million; Thailand 12 million
  • Current climate studies say that climate change has caused global mean sea level to rise by 11-16 cm in the 20th century and is expected to by as much as 2 m by the end of this century.

Adani, U.S. group to set up data centres in India

  • In a move to boost its foray into the data centre domain, Adani Group has announced that it is partnering with San Francisco-based Digital Realty, a leading global provider of data centre, co-location and interconnection solutions.
  • The Gujarat-based $13-billion integrated business conglomerate is setting up a mega piece of data centre infrastructure in Hyderabad in Telangana.
  • As per the Memorandum of Understanding signed between Adani Enterprises Ltd. and Digital Realty, both firms will jointly evaluate developing and operating data centres, data centre parks and cultivating undersea cable provider communities of interest across India.

BCB confirms BCCI request for day-night Test

  • Bangladesh Cricket Board has confirmed that the Board of Control for Cricket in India has requested them to play a Day-Night Test during the upcoming India tour. The Second Test at Kolkata's Eden Gardens would most likely be the Day-Night Test, beginning from 22nd of November.

Boxing: Shiva Thapa reaches semifinals of Olympic Test event in Tokyo

  • Shiva Thapa (63kg) secured himself a medal at the Olympic Test event for boxing in Tokyo by winning his quarterfinal bout. Thapa overpowered local favourite Yuki Hirakawa in a 5-0 verdict to fight his way into the medal rounds.
  • He will be up against another Japanese, Daisuke Narimatsu, in the semifinals.

British MPs vote in favour of holding general elections on Dec 12

  • British Prime Minister Boris Johnson's proposal for an early poll on the 12th December got through the House of Commons by a margin of 438 votes to 20. If the bill is approved by the House of Lords also, this will be for the first time that elections will take place in December since 1923.
  • Mr Johnson hoped, the election will give him a fresh mandate for his Brexit deal and break the current Parliamentary deadlock. This deadlock has led to the UK's exit being further delayed to 31 January.

Govt. to work on relief package for telcos

  • The Union government has constituted a Committee of Secretaries (CoS), headed by Cabinet Secretary Rajiv Gauba, to work out a relief package for the telecom sector, a move that may help mitigate the impact of the more than Rs. 1.4 lakh crore that the telcos may need to pay the exchequer following a recent Supreme Court order.
  • The CoS will review various demands made by the industry, including deferment of spectrum auction payment due for the next two years, reduction in spectrum usage charges and the Universal Service Obligation Fund levy.
  • The CoS will examine all aspects and suggest measures to mitigate the financial stress being faced by the telecom sector,
  • The telecom industry’s debt currently stands at about Rs. 4 lakh crores. Bharti Airtel’s liability stands at about Rs. 42,000 crores while Vodafone Idea may have to shell out about Rs. 40,000 crores. Reliance Jio may have to pay about Rs. 13 crores.
  • Last week, the Supreme Court upheld the government’s position on including revenue from non-telecommunication businesses in calculating the annual adjusted gross revenue (AGR) of telecom companies, a share of which is paid as licence and spectrum fee to the exchequer. Following the order, the telcos may have to pay the government Rs. 1.42 lakh crore within three months.

Greta Thunberg refuses to accept environmental prize, saying climate movement doesn't need more awards

  • Teenage climate activist Greta Thunberg has refused to accept an environmental prize, saying the movement does not need any more awards.
  • She was honoured at by the ceremony held by the Nordic Council, a regional body for inter-parliamentary cooperation, in Stockholm. A representative for the youngster reportedly told the audience she would not be accepting it or the prize sum of 350,000 Danish kroner (about £42,000).
  • Ms Thunberg rose to prominence after she started spending her Fridays outside Sweden’s parliament in August 2018, holding a sign reading “School strike for climate”.

Guinea Bissau’s President announces sacking of govt with immediate effect

  • Guinea Bissau’s president Jose Mario Vaz has thrown the country into chaos after announcing he is sacking the government with immediate effect, throwing the country into further chaos and casting doubt over next month's election.
  • It is the latest move in a months-long confrontation between the presidency and the government and comes days after Prime Minister Aristide Gomes denounced coup attempt and police violently repressed an opposition protest.

ICC bans Bangladeshi cricketer Shakib Al Hasan

  • Bangladesh Test and T20 Captain Shakib Al Hasan has been banned by the International Cricket Council (ICC) from all cricket for two years. One year of the punishment has been suspended after he accepted three charges of breaching the ICC Anti-Corruption Code.
  • Shakib was found guilty for not reporting to the ICC that he was approached by the bookies.
  • Shakib will be free to resume international cricket from 29th of October next year subject to him satisfying the conditions in respect of the suspended part of the sanction.

IIM(C) 17th In Prestigious Global Management Ranking

  • Indian Institute of Management Calcutta has secured the 17th rank globally in the 'Financial Times Masters in Management Rankings 2019'. The institute got the ranking for its 2-Year Masters in Business Administration (formerly Post Graduate Programme in Management).
  • The position has been advanced by six ranks this year and the institute bagged the 1st place among the five Indian B-Schools listed in the rankings.
  • Swiss business school University of St Gallen maintained the number one position among the top 100 institutions for yet another year.

India to participate in Tokyo Olympics 2020 with complete preparation: Kiren Rijiju

  • Union Minister for Youth Affairs and Sports Kiren Rijiju has said that India would be participating in the forthcoming 2020 Tokyo Olympics with full-fledged preparations. He said, India would be aiming at getting gold medals in the 2024 Olympics in double digits and to reach the top-10 position in the 2028 Olympics.
  • The minister also said, the players representing India in international sports events would be given their prize money the moment they reach the home country

Indian American Among 15 Appointed To Class Of White House Fellows

  • An Indian-American interventional gastroenterologist Amit Sachdev, who is focused on developing novel approaches to fight obesity, is among 15 people appointed to the prestigious 2019-2020 Class of White House Fellows.
  • The programme selects fellows based on a record of professional accomplishment, evidence of leadership skills, the potential for further growth, and a commitment to service. Those selected, spend a year working as full-time, paid fellows to senior White House Staff, Cabinet Secretaries, and other top-ranking government officials.
  • Sachdev has been placed at the Department of Health and Human Services.

Indian Bank to provide unsecured loans ‘on the go’

  • Public sector lender Indian Bank is planning to provide unsecured loans ‘on the go, said Padmaja Chunduru, managing director and CEO, Indian Bank.
  • Indian Bank plans to offer unsecured loan upwards of Rs. 20,000 based on the salary slip of a customer. It could be a personal loan or vehicle loan and the tenure could range from 12 months to 24 months, she said.

IndiGo soars with $33-bn A320neo order

  • InterGlobe Aviation Ltd., which runs India’s biggest airline IndiGo has placed an order for 300 A320neo family aircraft worth over $33 billion (Rs. 2,31,000 crore) in list price to support its growth plans. This marks one of Airbus’ largest aircraft orders ever with a single airline operator.
  • This order from IndiGo comprises a mix of A320neo, A321neo and A321XLR aircraft. This will take IndiGo’s total number of A320neo family aircraft orders to 730.
  • CEO, IndiGo: Ronojoy Dutta

Justice Bobde appointed next CJI

  • Justice Sharad Arvind Bobde was appointed the next Chief Justice of India (CJI) after President Ram Nath Kovind signed the warrant of his appointment. He will take oath as the country’s 47th CJI on November 18 and will have a tenure of 17 months until April 23, 2021.
  • As per convention, CJI Ranjan Gogoi, who will demit office on November 17, had recommended the name of Justice Bobde, the most senior judge of the Supreme Court to succeed him.

Ravinder enters semifinals of UWW U-23 World C’ships

  • Ravinder emerged as the shining star for the Indian contingent on Day 2 of the UWW Under-23 World Wrestling Championships 2019 as he made it to the semifinals of 61kg in Budapest, Hungary. He put up a commanding display to notch up a 12-1 win over Hungary’s Marcell Budai Kovacs in his opening bout.

RBI imposes fine on Janata Sahakari Bank & Jalgaon Peoples Co-operative Bank

  • The Reserve Bank of India (RBI) has imposed a fine of Rs 1 crore on Pune-based Janata Sahakari Bank and Rs 25 lakh on Jalgaon Peoples Co-operative Bank for violating income recognition, advances management and asset classification norms.
  • The penalty has been imposed in exercise of powers vested in the RBI under the provisions of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to the aforesaid directions issued by the RBI.

RBI slaps Rs 1 crore fine on Bandhan Bank for failing to comply with promoter holding norms

  • The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Bandhan Bank for not bringing down the promoter shareholding to 40 per cent. Bandhan MFI had obtained in-principle universal banking licence from the central bank in 2014 and started full-fledged operations as a bank from August 2015.
  • The RBI imposed the penalty on account of failure to pare the shareholding of Bandhan Financial Holdings Ltd to 40 per cent of its paid-up voting capital within three years from commencement of the business of the bank.
  • The bank had recently merged with Gruh Finance, which brought down the shareholding of the promoter from 82.26 per cent to 60.96 per cent. The lender had earlier said it was making efforts to further reduce the shareholding to 40 per cent.

Sharp fall in number of Pakistanis visiting India

  • According to the annual report of the Union Home Ministry, there has been a sharp decline in the number of Pakistanis visiting India in the past three years. From 1,04,720 in 2016, the number fell down to 57,283 in the whole of 2018 and the first three months of 2019. In 2017, it was 67,350, the report said.
  • The highest number of foreign visitors in 15 months starting January 1, 2018 to March 31, 2019 was from Bangladesh. Of the 1.37 crore foreigners who came to India during the period, around 28.76 lakh were from Bangladesh, followed by 18.63 lakh from the U.S. and 13.69 lakh from the U.K.
  • Out of the 1,982 foreigners deported by the authorities of the Foreigners Regional Registration Office (FRRO) during the 15 months, the highest number belonged to Nigeria (847), followed by Bangladesh (491) and Somalia (124).

Three Indian-origin CEOs in Harvard Business Review's top 10 best-performing CEOs

  • According to the Harvard Business Review (HBR)'s ''The Best-Performing CEOs in the World, 2019, three Indian-origin CEOs have been featured in a list of world's top 10 best-performing chief executives.
  • On the 6th spot is Adobe CEO Shantanu Narayen, followed by MasterCard CEO Ajay Banga, ranked 7th and Microsoft chief Satya Nadella on the 9th spot. The list also features India-born CEO of DBS Bank Piyush Gupta on the 89th spot.
  • The HBR said since 2015, its ranking has been based not only on financial performance but also on environmental, social, and governance (ESG) ratings.
  • The 2019 list has four female CEOs in the top half of the rankings, up from three in 2018 and just two in previous years.

US Air Force space plane back on Earth after two-year mission

  • The US Air Force's mystery space plane is back on Earth, after 780 days in orbit following a record-breaking two-year mission. The X-37B landed at Kennedy Space Centre of National Aeronautics and Space Administration in Florida.
  • The mission sets a new endurance record for the reusable test vehicle, which looks like a space shuttle but is a quarter the size, at 9 metres (29ft).
  • It was the fifth spaceflight by a plane of this sort. A sixth is planned to launch next year from Cape Canaveral.