Daily Current Affairs - 10th Nov 2019

China Open: Satwiksairaj Rankireddy, Chirag Shetty bowed out of semi-finals

  • In badminton, the Indian men's doubles pair of Satwiksairaj Rankireddy and Chirag Shetty bowed out of China Open semi-finals.
  • They lost 16-21, 20-22 to the World No.1 duo of Marcus Fernaldi Gideon--Kevin Sanjaya Sukamuljo from Indonesia.

Deming Prize for Elgi equipments

  • Coimbatore-based Elgi Equipments Ltd said it has become the first global industrial air compressor manufacturer to be awarded the Deming Prize for excellence in Total Quality Management.
  • Jairam Varadaraj, managing director, ELGi Equipments, received the recognition from Hiroaki Nakanishi, chairman of Deming Prize Committee at a ceremony in Tokyo, Japan.

DIN System of CBIC comes into existence

  • The Documentation Identification Number (DIN) system of Central Board of Indirect Taxes (CBIC) comes into existence. This path braking system in indirect tax administration has been created as per the direction of Finance Minister Nirmala Sitharaman. Now, any CBIC communication will have to have a Documentation Identification Number.
  • The step is aimed at bringing transparency and accountability in the indirect tax administration through widespread use of information technology. The Government has already executed the DIN system in the direct tax administration.

Exim Bank gives USD 30 million line of credit to Ghana

  • Exim Bank has entered into an agreement with Ghana for a line of credit (LoC) of USD 30 million (about Rs 210 crore) for financing rehabilitation and up-gradation of potable water system in Yendi, Ghana.
  • Under the LoC, the terminal utilisation period is 60 months after the scheduled completion date of the project.

Former chief election commissioner TN Seshan passes away

  • Tirunellai Narayana Iyer Seshan, the man behind several electoral reforms passed away. He was the 10th Chief Election Commissioner (CEC). He served between 1990 and 1996.

Government of India releases Steel scrap Recycling Policy

  • In a bid to ensure quality scrap for the steel industry, the government came out with a Steel Scrap Recycling policy that aims to reduce imports, conserve resources and save energy.
  • The objective of the policy is to produce high quality ferrous scrap that helps to increase high quality steel production. It aims at creating 300 million tons of steel per annum by 2030.

IFFI 2019 to screen 3 films for differently abled

  • The Golden Jubilee of International Film Festival of India (IFFI), will have the screening of Accessible India Films. This is a collaboration between IFFI, Saksham Bharat and UNESCO with the aim to promote the creation of inclusive spaces for the differently abled to access the joy of cinema through Audio Deion.
  • Audio Deion is an additional narration that translates images, visual information or non-dialogue portions of film into spoken words so that visually impaired people can access, enjoy and learn from works of popular films.

India to host 2023 Men’s Hockey World Cup

  • India will host the 2023 Men’s Hockey World Cup from 13th to 29th of January. The International Hockey Federation (FIH) India will play host to the men’s tournament while
  • Spain and the Netherlands have been named as the co-hosts of the 2022 Women’s World Cup scheduled to be held from 1st to 22nd of July. The decisions were made during FIH’s Executive Board Meeting in Lausanne, Switzerland.

Indian Bank, Muthoot Microfin sign MoU

  • Indian Bank has signed a memorandum of understanding with Muthoot Microfinance to serve Micro, Small and Medium Enterprises (MSME).
  • Under the memorandum of understanding, the bank and the non-banking finance company will jointly lend to the MSME borrowers.

Indian Railways launches 3 online applications for all-India rollout

  • Indian Railways has launched three applications for all-India roll out to strengthen its IT-enabled services which will help ensure proper monitoring of projects being undertaken by Railways.
  • The applications, namely CRS Sanction Management System, Rail-road crossing GAD approval system and TMS for construction aim at beefing up IT-enabled services.

Kumar Mangalam Birla conferred ABLF Global Asian award

  • Kumar Mangalam Birla, chairman of the Aditya Birla Group, was conferred the ABLF Global Asian Award, for “powerful individual whose business footprint and commitment to excellence have engaged international interest and attention”.
  • The Asia Business Leadership Forum (ABLF) is backed by the UAE government and currently runs in three forms- talks, awards, and publications.

Mauritius Prime Minister Pravind Jugnauth claims victory in the election

  • Mauritius’ ruling Militant Socialist Movement (MSM) won more than half of parliamentary seats, securing incumbent Prime Minister Pravind Kumar Jugnauth a five-year term.
  • MSM won 35 of the 62 seats up for grabs while its rivals, the Labour Party and the Mauritian Militant Movement (MMM), garnered 15 and 10 seats respectively

Moody’s revises India’s economic outlook to “negative” from “Stable

  • The American financial service company Moody’s has downgraded India’s economic outlook to “Negative” from “Stable”. This downgrade was due to slow growth in the economy. It also predicted that slow growth would be prolonged and would also have debt rises.
  • The long-term foreign currency bond and bank deposit ceilings were unchanged at Baa1 and Baa2(both being 2nd lowest investment-grade score), respectively.

Prime Minister Narendra Modi inaugurated the Integrated Check Post (ICP) at Kartarpur Corridor

  • Prime Minister Narendra Modi inaugurated the Integrated Check Post (ICP) of Kartarpur Corridor at Dera Baba Nanak, Gurdaspur in Punjab. The rationale behind the establishment of ICP is to secure country’s borders while facilitating legitimate trade and commerce.
  • Moeover, the first batch of Sikh pilgrims also entered Pakistan through Kartarpur Corridor.

Temple to come up in disputed land in Ayodhya, rules Supreme Court

  • The Supreme Court unanimously ordered setting up of a trust by the government that would eventually pave the way for construction of a temple in Ayodhya at the disputed site where a 16th century Babri Masjid was razed by a Hindu mob on December 6, 1992.
  • A five-judge bench that delivered the landmark judgement also ordered allotment of 5-acre land to Muslims for construction of a mosque within Ayodhya.

World Science Day for Peace and Development: 10 November

  • World Science Day for Peace and Development is celebrated every year on 10 November. The theme for 2019 is “Open science, leaving no one behind”.
  • The day highlights the significant role of science in society and the need to engage the wider public in debates on emerging scientific issues.