Current Affairs Update - 16 November, 2016

Hello and welcome to exampundit . Here are the important Current Affairs of 16th November, 2016. These are important for the upcoming IPPB PO 2016, IBPS Clerk Mains and RRB OS-I Mains exam 2016.



Current Affairs at a Glance - 16 November, 2016
  1. Following the existing problem in which the Automated Teller Machines (ATMs) are failing to cope with the huge cash demand of people, Reserve Bank of India on 14 November 2016 constituted an eight-member task force to re-calibrate all ATMs. The eight-member task force, led by RBI deputy governor SS Mundra.
  2. Maharashtra on 15 November 2016 became the first Indian state to adopt Fly Ash Utilisation Policy. The policy will pave way for prosperity by creating wealth from waste, and environment protection.
  3. The Asian Development Bank (ADB) and the Government of India on 15 November 2016 signed a 500 million US dollar loan to build a 9.8 km long road bridge across the Ganges River. This will be India’s longest river bridge.
  4. India and Israel inked two agreements in the field of water resources management and agriculture. The agreements were inked on 15 November 2016 after the delegation level talks between Prime Minister Narendra Modi and visiting Israeli President Reuven Rivlin in New Delhi.
  5. With political upheavals like the election of Donald Trump to the US presidency and Brexit, Oxford Dictionaries has declared “post-truth” to be its international word of the year citing a 2,000 per cent spike in its usage.
  6. The International Day for Tolerance was observed globally on 16 November 2016.

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Finance –

Task force led by SS Mundra formed to recalibrate ATMs


  • Following the existing problem in which the Automated Teller Machines (ATMs) are failing to cope with the huge cash demand of people, Reserve Bank of India on 14 November 2016 constituted an eight-member task force to re-calibrate all ATMs.
  • This re-calibration would help the cash handling machines to dispense the Mahatma Gandhi (New) Series Banknotes including a new High Denomination of 2000 rupees in new designs.
  • The eight-member task force, led by RBI deputy governor SS Mundra, will comprise officials from banks, NPCI, Department of Currency Management, Department of Payment and Settlement System and home and finance ministries. 
Terms of Reference of the Task Force is

  • Expeditious reactivation of all ATMs in a planned manner
  • Any other matter connected to the above
Banks whose members will be the participant of the task-force are State Bank of India, Axis Bank, ICICI Bank and HDFC Bank.
Besides, representative of ATM office equipment manufacturers (OEMs), white label ATM (WLA) operators, Managed Service Providers and cash in transit (CIT) companies will be invited to the Task Force’s deliberations. The task force is also free to invite others as may be needed.

Maharashtra becomes first Indian state to adopt Fly Ash Utilisation Policy


  • Maharashtra on 15 November 2016 became the first Indian state to adopt Fly Ash Utilisation Policy. The policy will pave way for prosperity by creating wealth from waste, and environment protection.
  • The decision to implement the policy was taken at the weekly cabinet meeting chaired by state Chief Minister Devendra Fadnavis.
Key highlights of the Fly Ash Utilisation Policy

  • As per the policy, 100 per cent of fly ash generated from thermal power plants and biogas plants will be used for construction activities.
  • This fly ash will be used to make bricks, blocks, tiles, wall panels, cement and other construction materials.
  • The policy also allows usage of fly ash within 300 kilometres of the power plant. Earlier, it was allowed to  be used within 100 kilometres radius.
  • The policy will create new employment opportunities in the power plant areas.
  • It will also make available raw material for construction at low cost to help Housing for All projects.

India and ADB sign 500 million US dollar loan to build country's longest river bridge across Ganges River


  • The Asian Development Bank (ADB) and the Government of India on 15 November 2016 signed a 500 million US dollar loan to build a 9.8 km long road bridge across the Ganges River. This will be India’s longest river bridge.
  • Along with ADB’s loan and 900000 US dollar in technical assistance to improve bridge operation and management, the Bihar Government will provide support equivalent to 215 million US dollar.
  • The project is expected to be completed by the end of December 2020.
Key highlights of the proposed river bridge

  • The proposed bridge will improve transport connectivity between North and South Bihar. It will also improve the link between Patna and the surrounding areas.
  • It will cover both channels of the Ganges River and will also serve as an alternate route to the existing Ganga Bridge.
  • The project will also build viaducts, embankments, and toll and service facilities. It will link to national highway networks.
  • The bridge will significantly reduce travel time to Patna from the surrounding regions, in particular north Bihar. It will eventually ease access of people to state’s administrative and social services.
  • It is expected that the bridge will benefit over 9 million people.




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India, Israel inked two agreements on water resource management and agriculture


  • India and Israel inked two agreements in the field of water resources management and agriculture. The agreements were inked on 15 November 2016 after the delegation level talks between Prime Minister Narendra Modi and visiting Israeli President Reuven Rivlin in New Delhi.
  • Israeli President Reuven Rivlin is on an eight-day visit to India (from 14 November to 21 November 2016). This was his first ever visit to India and first by any Israeli President in past two decades. The last and first President of Israel to visit India was Ezer Weizman in 1997.
Points of discussions during the delegation level talks were

  • Enhancing agricultural productivity and efficiency.
  • Boosting research and innovation linkages.
  • Employment of applications of science and technology for the benefit of the two societies.
  • Forging strong trade links and investment ties.
  • Building defence ties to secure people of the two nations.
  • Enhancing people to people ties through greater cultural and tourism linkages.
  • Promotion in educational exchanges, which will allow students of the two nations to study in each other’s country, to bridge the bilateral partnership.


World –

Oxford Dictionaries names ‘post-truth’ word of the year


  • With political upheavals like the election of Donald Trump to the US presidency and Brexit, Oxford Dictionaries has declared “post-truth” to be its international word of the year citing a 2,000 per cent spike in its usage.
  • The word is an adjective, defined in the dictionary as “relating to or denoting circumstances in which objective facts are less influential in shaping public opinion than appeals to emotion and personal belief.”
  • The usage of the word has increased by around 2,000 per cent since last year, the dictionary’s research showed.
  • The word has been in existence for more than two decades but a rise in its demand coincided with the EU referendum and the US presidential race, Oxford Dictionaries said.

Sports –

Padmini Rout wins National Women Premier Championship for third time


  • International Chess Master Padmini Rout on 14 November 2016 won the National Women Premier Chess Championship for the third time.
  • Rout played out a draw with her Petroleum Sports Promotion Board (PSPB ) teammate Eesha Karavade that made her achieve the hat-trick of title wins.
  • S Vijayalakshmi of Air India won silver medal while Karavade grabbed the bronze.
  • The triumph also ensured that Rout will be a part of the Indian women team in the next World team chess championship.
  • The other two confirmed members of the team are Grandmasters Koneru Humpy and D Harika. The remaining two places will be decided most likely according to February 2017 rating list.

Days –

International Day for Tolerance 2016 observed across the world

  • The International Day for Tolerance was observed globally on 16 November 2016. The Day aims at educating masses about the need for tolerance in society and helping them understand the negative effects of intolerance.
  • In order to mark the day and the 125th anniversary of the birth of Mahatma Gandhi, UNESCO instituted a prize in 1995 for the promotion of tolerance and non-violence. The prize, named as the UNESCO-Madanjeet Singh Prize for the Promotion of Tolerance and Non-Violence, rewards significant activities in the fields of scientific, artistic, cultural or communication aimed at the promotion of a spirit of tolerance and non-violence.
  • In 2016, the UNESCO-Madanjeet Singh Prize for the Promotion of Tolerance and Non-Violence was awarded to Federal Research and Methodological Center for Tolerance Psychology and Education (Tolerance Center) of Russia.








Regards



Team ExamPundit

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