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Tuesday, November 14, 2017

Current Affairs Update – 14 November, 2017


Hello and welcome to exampundit. Here are the Important Current Affairs of 14 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.




Banking & Financial News

Union Government launches National Power Portal for dissemination of power sector information


  • RK Singh, Minister of State for Power and New & Renewable Energy, on 14 November 2017 launched the National Power Portal (NPP) for collation and dissemination of Indian power sector information. The portal can be accessed at http://npp.gov.in.
  • The stakeholders of NPP are Ministry of Power (MoP), CEA, PFC for Integrated Power Development Scheme (IPDS), REC for Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), other power sector utilities in government as well as private sector and other government organizations.
Highlights of National Power Portal

  • NPP is a centralised system for Indian Power Sector that facilitates online data capture and input from generation, transmission and distribution utilities.
  • The Nodal Agency for implementation of NPP and its operational control is Central Electricity Authority (CEA).
  • The system has been conceptualized, designed and developed by National Informatics Centre (NIC).
  • It enables dissemination of Power Sector Information related to operation, capacity, demand, supply and consumption through analysed reports, graphs, statistics for central, state and private sector.
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India’s 1st Tribal Entrepreneurship Summit begins in Chhattisgarh


  • India’s first Tribal Entrepreneurship Summit began in Dantewada, a district in the Bastar region of Chhattisgarh on 14 November 2017.
  • The event has been organized by NITI Aayog in partnership with the government of United States of America. The event is a part of 8th Global Entrepreneurship Summit being held in India.
  • The summit has been organised mainly with the motive to inspire, nurture and promote the spirit of entrepreneurship in tribal youth. This ensures yet another step towards tribal-centric sustainable and inclusive development.
  • The summit will see the participation of tribal entrepreneurs from various sectors across the country and abroad. Several eminent speakers from NITI Aayog, health and agri-pharma sectors will also be speaking at the summit.
  • Overall, it not only provides a platform for the tribal youth but also addresses the issues faced by the tribal community in practical and progressive ways.

India to be third largest economy by 2028, says report


  • India is likely to achieve strong growth over the next decade and emerge as the world’s third-largest economy, overtaking Japan in nominal GDP by 2028, says a report titled ‘India 2028’ by Bank of America Merrill Lynch.
  • India has already overtaken Brazil and Russia to emerge as the second largest BRICS economy after China and is expected to soon overtake France and Britain to emerge as the world’s fifth largest economy after Germany by 2019.
  • The report read, “We see India crossing Germany and Japan in nominal GDP in dollar term by 2028. This assumes that the Indian economy grows at 10 per cent (in nominal US GDP) in the next decade, well ahead of Japans 1.6 per cent.”
  • The American brokerage has conservatively projected the country’s real GDP growth at 7 per cent potential.

India, Philippines sign four agreements to strengthen bilateral ties


  • India and the Philippines on 13 November 2017 signed four agreements to enhance cooperation in various fields including defence and foreign services. The agreements were signed following the PM Narendra Modi bilateral meeting with the Philippines President Rodrigo Duterte.
  • These four agreements cover areas of defence, agriculture, small and medium enterprises and tie-up between think-tanks of both the countries.
  • The agreements were signed during PM Modi three-day visit to Manila, the Philippines to attend the 15th India-Association of Southeast Asian Nations (ASEAN) Summit and the 12th East Asia Summit.
  • This is the second visit by Indian PM to the Philippines in 36 years after the visit of then Prime Minister Indira Gandhi in 1981. Earlier in 2007, then Prime Minister Manmohan Singh had visited Philippines for the ASEAN summit.

News related to India & states

Rosogulla gets GI status and it goes to Bengal


  • There is good news for Rosogulla lover people spread all over the world. The controversy over the past several years has now been resolved between the West Bengal and the Odisha Government over its claim on Rosogulla.
  • West Bengal on 14th November 2017 won the long bitter battle over Rosogulla as Geographical Indications (GI), a Chennai-based Registry announced that one of India’s signature sweets originated in the state and not Odisha.
  • Bengal and Odisha have been locked in a bitter fight over the GI registration of Rosogulla since 2015.
  • The West Bengal claim was on the basis of historical facts that Bengal is the father of Rosogulla. It is believed that Naveen Chandra Das, the famous sweets maker of Bengal, invented Rosogulla before the year 1868. This matter came to the headlines when the Odisha government talked of getting Geographical Identity (GI) tag for Rosogulla.
  • However, Odisha had claimed that 600 years ago they had Rosogulla. The government also added the basis of Lord Jagannath's bhog Kheer Mohan with the basis of this foundation. Against this claim of Odisha, the West Bengal Government had thought of knocking the court’s door.

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India’s first-ever ‘Air Dispensary’ to be set up in Northeast


  • India’s first-ever ‘Air Dispensary’ based in a helicopter is set to come up in the northeast. The Union Ministry of Development of Northeast (DoNER) has already contributed Rs 25 crore as part of the initial funding for the initiative.
  • The information was shared by DoNER Minister Jitendra Singh on 12 November 2017 after a meeting with the representatives of Aviation Sector and helicopter service/Pawan Hans.
  • Speaking further on the occasion, the Minister said that the DoNER Ministry had been exploring the idea of introducing a helicopter based Dispensary/OPD service in far-flung and remote areas, where no doctor or medical facility was available and the patient, in need, also did not have any access to any medical care.
  • He said that the Ministry had submitted a proposal in this regard, which was accepted and is now in the final stages of the process in the Union Ministry of Civil Aviation.
  • The experiment once implemented in the Northeast may later be followed in other hill states having difficult terrains such as Jammu and Kashmir and Himachal Pradesh.

World News

10th South Asia Economic Summit begins in Kathmandu


  • The 10th South Asia Economic Summit (SAES) began in Kathmandu, Nepal on 14 November 2017 with the theme "Deepening Economic Integration for Inclusive and Sustainable Development in South Asia".
  • The three-day summit is being organised by National Planning Commission and Ministry of Commerce of Nepal and South Asia Watch on Trade, Economics and Environment (SAWTEE), Nepal. It was inaugurated by Nepal’s Prime Minister Sher Bahadur Deuba.
  • The summit aims to identify and prioritise opportunities and challenges in deepening regional economic integration to serve the goals of inclusive and sustainable development in South Asia.
  • It is expected to witness participation from 200 dignitaries including ministers, member of parliaments, former MPs, ambassadors, government officials, researchers, eminent experts and thinkers.

Days

World Diabetes Day 2017 observed globally


  • The World Diabetes Day was observed globally on 14 November 2017 with the theme 'Women and diabetes - Our right to a healthy future'.
  • Currently, there are over 199 million women living with diabetes and this total is projected to increase to 313 million by 2040. Diabetes is the ninth leading cause of death in women globally, causing 2.1 million deaths each year.
  • Two out of every five women with diabetes are of reproductive age, accounting for over 60 million women worldwide. Women with diabetes have more difficulty conceiving and may have poor pregnancy outcomes.
  • The World Diabetes Day 2017 theme aims to promote affordable access to the essential diabetes medicines and technologies for all women with diabetes to achieve optimal diabetes outcomes and strengthen their capacity to prevent type 2 diabetes.

Resignations

Sujoy Ghosh resigns as Jury Head of 48th International Film Festival of India


  • Filmmaker Sujoy Ghosh on 14 November 2017 resigned as Head of the jury of the Indian Panorama of the 48th International Film Festival of India (IIFI).
  • His resignation came following the elimination of the  two films "Sexy Durga" and "Nude" from the final list of films. Instead of Nude, the Hindi movie Pihu by Vinod Kapri was finalised as the opening film of the festival.
  • The 13-member jury, led by Sujoy Ghosh, included both the movies in their recommended list, but these two movies did not find their way in the list passed by the Union Ministry of Information and Broadcasting.
  • Few other members of the jury are Nishikant Kamat, Nikkhil Advani, Apurva Asrani, Ruchi Narain and Gyan Correa, who also have expressed their dissent over the ministry's move.

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