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Monday, November 13, 2017

Current Affairs Update – 13 November, 2017


Hello and welcome to exampundit. Here are the Important Current Affairs of 13 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.



Banking & Financial News

Union Government set to launch BharatNet phase 2 project


  • The Union Government would be launching its second and final phase of BharatNet project on 13 November 2017 to provide high-speed broadband service in all Gram Panchayats by March 2019. It will be implemented at an outlay of around Rs 34000 crores.
  • Telecom Minister Manoj Sinha, Law and IT Minister Ravi Shankar Prasad and Human Resource Development Minister Prakash Javadekar would be launching the project at the National Conference in New Delhi.
  • The telecom ministry would also be signing agreements with seven states — Maharashtra, Gujarat, Chhattisgarh, Andhra Pradesh, Telangana, Tamil Nadu and Jharkhand — which will roll out the project on their own with partial funding from the central government.
  • The conference would see participation from Information and Technology Ministers, state secretaries and service providers.

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Key Highlights

  • Under phase 2, the government aims to provide broadband connectivity in the remaining 1.5 lakh Gram Panchayats through 1 million km of additional optical fibre.
  • For the same, the government would be providing bandwidth to telecom companies such as Bharti Airtel, Vodafone India, Idea Cellular and Reliance Jio at 75 per cent lower rate to set up broadband and Wi-Fi services in the rural areas.
  • BSNL will roll out optical fibre in yet to be covered locations of eight states including Assam, Haryana, Madhya Pradesh, Rajasthan, Uttar Pradesh, West Bengal, Jammu and Kashmir and Sikkim.
  • Power Grid Corporation of India has been awarded contract for three states including Himachal Pradesh, Uttarakhand and Odisha.
  • India at present has 38,000 wifi hotspots. Under BharatNet phase 2, around 6-7 lakh wifi hotspots will be added with 2-5 hotpsots in each panchayats.
  • Some of the wifi hotspots may not be commercially viable initially. So, in such cases the government will provide viability gap funding of around Rs 3,600 crore to telecom operators.
  • BharatNet Phase 1, under which one lakh Gram Panchayat were to be connected, will be completed by the end of this year.

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Crisil, Sidbi tie up to launch MSME sentiment index CriSidEx


  • SIDBI (Small Industries Development Bank of India) and ratings agency Crisil on Monday signed a memorandum of understanding (MoU) to launch 'CriSidEx', a business sentiment index for micro, small and medium enterprises (MSMEs) that will indicate the current state and expected outlook on the MSME sector every quarter.
  • The 'Sentiment Index' is expected to provide crucial insights into employment, business environment and foreign trade.
  • "Data on MSMEs comes with a significant lag, so there is no way to regularly aggregate and assess the ground situation amongst wide range of disparate enterprises spread across India," Crisil and SIDBI said.
  • Every quarter, the CriSidEx survey will cover over 1,000 MSMEs using a structured questionnaire to ensure consistency in methodology and capture information sans significant deviations. The sample will have representation based on size, geography and nature of business and across different legal entities.

News related to India & states

Youth Affairs Minister releases India Youth Development Index and Report 2017


  • Union Minister of State for Youth Affairs and Sports (Independent Charge) Rajyavardhan Rathore released the India Youth Development Index (YDI) and Report 2017 in New Delhi on 13 November 2017.
  • The index has been developed by the Rajiv Gandhi National Institute of Youth Development (RGNIYD) in Tamil Nadu. The main aim behind constructing the index is to track the trends in Youth Development across the states.

Key Highlights

  • The index will help recognise the high and low performing states, indentify the weak domains and inform the policy makers about the priority areas of intervention for youth development in the states.
  • The construction of the index was done using the latest definition of youth as used in National Youth Policy – 2014 (India) and World Youth Development Report of Commonwealth (15 – 29 years) as well as using the Commonwealth Indicators in order to facilitate Global comparison.
  • In the India Youth Development Index 2017, the first five dimensions are retained same as that of Global YDI.

WCD Ministry to host ‘Hausala 2017’ to celebrate Child Rights Week


  • The Ministry of Women and Child Development would be celebrating the Child Rights Week by hosting ‘Hausala 2017’ festival from 16-20 November 2017.
  • The festival will be hosted by the Ministry as an Inter CCI Festival for the children who reside in Child Care Institutions (CCIs). The week was chosen as the nation celebrates the Children’s Day on 14 November and the International Child Rights Day is celebrated annually on 20 November.
  • The week-long festival will provide an occasion to showcase the talents of children from various child care institutions across the country and provide them with a space to express their dreams and aspirations.
  • The children will be participating in various events including Bal Sansad, painting competition, athletics meet, football, chess competition and speech writing.













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