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Tuesday, November 24, 2015

Current Affairs Update – 24th November, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 24th November, 2015. These are important for the upcoming Banking and Insurance Exams.

Finance/Economy/Banking –

India-Singapore signed 10 agreements on mutual co-operation

  • India and Singapore on 24 November 2015 signed 10 agreements on mutual co-operation. These include Defence, Civil Aviation, National Planning and cyber Security.
  • The agreements were signed in presence of Prime Minster of Narendra Modi and Singapore Prime Minister Lee Hsien Loong. Narendra Modi was on a two-day visit to Singapore (23 November to 24 November 2015).

List of Joint Declaration/Agreements/MoU’s signed
  • Joint Declaration on a Strategic Partnership: Seeks to elevate bilateral relations to a strategic partnership to deepen and broaden engagement in existing areas of cooperation. The Strategic Partnership is also a framework to contribute to greater regional stability and growth.
  • Agreement concerning Defence Cooperation
  • Agreement on the Extension of Loan of Artifacts to the Asian Civilisations Museum of Singapore Executive Programme on Cooperation in the Fields of the Arts, Heritage, Archives and Library for the Years 2015-2018
  • Operationalisation of the Technical Agreement on Sharing White Shipping Information
  • MoU on Cooperation in the area of Cyber Security
  • MoU in Civil Aviation
  • MoU on Cooperation in the Field of Planning
  • MoU on Cooperation to Combat Illicit Trafficking in Narcotic Drugs, Psychotropic Substance and their Precursors
  • MoU in Capacity Building in the Field of Urban Planning and Governance

Facebook takes Free Basics pan-India with Reliance Communications

  • Facebook has expanded its controversial 'Free Basics' initiative across the country to offer basic Internet access with its telecom partner Reliance Communications (RCom).
  • Earlier called 'Internet.Org', Facebook had launched the initiative in India with RCom to offer free access to about 32 apps and websites in Gujarat, Maharashtra, Andhra Pradesh, Telangana, Tamil Nadu, Kerala and Goa.
  • The number of such free apps and websites has now been increased to over 80.
  • India has over eight lakh users under the Free Basics initiative.
  • Free Basics, which aims to bring free Internet access to the developing world, has faced backlash, with activists alleging that it violates network neutrality, the idea that all online traffic should be treated equally.

Axis Bank, Vistara to launch travel credit card

  • Private lender Axis Bank today said it has joined hands with Tata-SIA joint venture airline Vistara to launch a travel credit card next year under a strategic partnership.
  • The co-branded travel credit card, to be unveiled early next year, will offer a host of privileges and benefits to the business and leisure travellers of Vistara, Axis Bank said in a release today.
  • The country's third full service airline after national carrier Air India and Naresh Goyal-promoted Jet Airways, Vistara last month for the first time breached the one lakh passengers mark since its launch in January this year.
  • Vistara, is a joint venture between Tata Sons Limited and Singapore Airlines Limited (SIA) with Tata Sons holding the majority stake of 51% in the company and SIA holding the remaining 49%.

Awards & Honors –

Marathi actor Prashant Damle selected for Dinanath Mangeshkar award

  • Noted Marathi actor Prashant Damle was on 23 November 2015 selected for the Master Dinanath Mangeshkar Award. He will be conferred with the award by Lata Mangeshkar in April 2016 on the occasion of the death anniversary of Master Dinanath.
  • He was chosen for the award for his outstanding contribution in the field of theatre, film and music.
  • The announcement was made by Pandit Hridaynath Mangeshkar at the 100th show of Damle's Marathi play Karti Kaljat Ghusli. Hridaynath was the chief guest for the 100th show of the the Marathi play.

Kuldip Nayar honoured with Ramnath Goenka Lifetime Achievement Award

  • Kuldip Nayar, a veteran journalist, columnist and author was honoured with Ramnath Goenka Lifetime Achievement Award on 23 November 2015. He was awarded for his contribution to journalism. 
  • He was conferred with the award at the eighth edition of the prestigious Ramnath Goenka Excellence awards ceremony held in Delhi.
  • The award for the years 2013 and 2014 was handed over by Information and Broadcasting minister Arun Jaitley, who also handed several awards in different categories to over 56 journalists for their exceptional reportage in print as well as broadcast media.

South African Indian-Origin Filmmakers Win International Emmy Awards

  • Miners Shot Down, helmed by South African Indian-origin makers, has won the best documentary honour at the International Emmy Awards.
  • Directed by Rehad Desai and produced by Anita Khanna, the documentary tells the story of the August 2012 strike at Marikana, a town in in the North West province of South Africa, through the eyes of the miners, which left 44 people dead and scores more injured when police opened fire.
  • Through eye witness accounts and incisive interviews, the film details the source of the tensions between the workers and their employers as they started protesting the low wages paid by the company progressing to the aftermath of the killings.
  • Desai was given a standing ovation from the audience at the ceremony, which took place in New York.
  • The filmmakers said they welcome the accolades but are more concerned about creating greater awareness of the tragedy on which the documentary is based.

Appointments –

Michael Keating appointed as Special Representative for Somalia and Head of UNSOM

  • The Secretary-General Ban Ki-moon on 23 November 2015 announced the appointment of Michael Keating of United Kingdom as Special Representative for Somalia and Head of the UN Assistance Mission in Somalia (UNSOM).
  • Keating will succeed Nicholas Kay, who will complete his assignment in December 2015. Kay was associated with UNSOM for over the past two and a half years.

Rishi Gour appointed as Country President of Sodexo India On-site Services

  • Rishi Gour was on 23 November 2015 appointed as Country President of Support services company Sodexo India On-site Services with effect from 1 September 2015.
  • Gour joined Sodexo in 2011 and has since then worked towards the brand's promise of delivering quality of life services to over 400 corporate, education and healthcare clients. Prior to joining Sodexo, Gour was associated with WNS Global Services, Accenture and CITIL across various functional areas.
  • He has a Bachelor's degree in Chemical Engineering from IIT-Varanasi and a Post-Graduate degree in Management from IIM Ahmedabad.

Sports –

Roger Van Gent appointed as strategic coach of Indian Men’s Hockey Team

  • Dutchman Roger Van Gent was appointed as the strategic coach for the Indian men’s Hockey. He will be the strategic coach of the team till the 2016 Rio Olympics.
  • His appointment to the post was announced on 7 November 2015 by Hockey India.
  • Gent, who joined the coaching staff for the Indian men’s hockey team, will assist High Performance director and chief coach Roelant Oltmans. He will assist Oltamas to work for Hero Hockey World League Final 2015 and the 2016 Rio Olympics.

World –

Operation Inherent Resolve to tackle ISIS

  • Operation Inherent Resolve (OIR) was in news in fourth week of November 2015. It came into news after the Paris terror attack on 13 November 2015 in which about 130 people were killed and several were injured.
  • OIR is the US military operation name for the intervention against the Islamic State of Iraq and Syria (ISIS), including both the campaign in Iraq and the campaign in Syria. Effective 22 September 2015, III Corps is responsible for Combined Joint Task Force- Operation Inherent Resolve (CJTF-OIR).
  • The anti-ISIS coalition is a coalition of 65-member nations.

UNISDR released the report titled The Human Cost of Weather Related Disasters

  • The United Nations Office for Disaster Risk Reduction (UNISDR) on 23 November 2015 released the report titled The Human Cost of Weather Related Disasters. The report was compiled by UNISDR and the Belgian-based Centre for Research on the Epidemiology of Disasters (CRED).
  • The report depicts that over the last 20 years, 90 percent of major disasters have been caused by 6457 recorded floods, storms, heatwaves, droughts and other weather-related events.
  • It finds that the five countries hit by the highest number of disasters are the United States, China, India, Philippines and Indonesia.
  • It demonstrates that since the first UN climate change conference (COP1) in 1995, 606000 lives have been lost and 4.1 billion people have been injured and left homeless as a result of weather-related disasters.

20th Anniversary of Dayton Peace Accord observed

  • The Dayton Peace Accord was in news on 21 November 2015 as the world commemorated 20th Anniversary of the Signing of the Dayton Peace Accords.
  • The UN Secretary-General Ban Ki-moon also commended the efforts of the Government of Bosnia and Herzegovina on the consolidation of peace and political stability and the socioeconomic progress achieved during the past 20 years.
  • The Dayton Peace Accords were signed on 21 November 1995 at Wright-Patterson Air Force Base in Dayton, Ohio to end the Bosnian war and laid the foundations for a sovereign Bosnia and Herzegovina.


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