Current Affairs Update – 5-6 November, 2017 - Exam Pundit - IBPS PO | Clerk | SBI PO | Insurance Exams | SSC Exams | Current Affairs


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Monday, November 06, 2017

Current Affairs Update – 5-6 November, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs of 5 & 6 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.

Financial & Banking News

ICICI Bank launches voice-based international remittance service

  • ICICI Bank, the country's largest private sector bank by consolidated assets, has launched voice-based international remittance service on its Money2India application.
  • This would enable a Non-Resident Indian (NRI) customer of ICICI Bank to send money to any bank in India via just a simple voice command to Apple's virtual voice assistant, Siri, on his/her Apple iPhone/iPad.
  • A first-of-its-kind cross border remittance service by a bank in the country, it improves customer's convenience significantly as it replaces a five step process, which was required to initiate a remittance to India earlier.
  • ICICI Bank is the first bank in the country to leverage on Apple's virtual voice assistant to enable cross border remittances.


Union Government to provide financial assistance of Rs 2302.05 crore for Sagarmala projects

  • The Union Ministry of Shipping on 3 November 2017 undertook projects worth Rs 2302 crore for financial assistance under the Coastal Berth Scheme of the Sagarmala Programme.
  • The Ministry also extended the period of the scheme for three years up to 31 March 2020 and expanded its scope to cover capital dredging at Major Ports and preparation of DPR for coastal berth project.
  • The 47 projects under Coastal Berth Scheme are distributed over eight states with the highest number of projects in Maharashtra (12 projects), Andhra Pradesh & Goa (10 projects), Karnataka (6 projects), Kerala and Tamil Nadu (3 projects), Gujarat (2 projects) and West Bengal (1 project).
  • Out of the 47 projects, 23 projects worth Rs 1075.61 crore were sanctioned for total financial assistance of Rs 390.42 crore and on the other hand, Rs 230.01 crore was released to Major Ports, State Maritime Boards and State Governments.
  • The remaining 24 projects are under various stages of development and process of approval.
  • The most recent beneficiaries of the scheme were Jawahar Lal Nehru Port Trust (JNPT) and Karnataka Government respectively for developing coastal infrastructure at Jawahar Lal Nehru Port, Karwar Port and Old Manglore Port.

RBI imposes Rs 6 crore penalty on Yes Bank, Rs 2 crore on IDFC Bank

  • The Reserve Bank of India has slapped a monetary penalty of Rs 6 crore on Yes Bank and Rs 2 crore on IDFC Bank for violating regulations issued by the regulator.
  • Yes Bank has been fined for non-compliance with the directions issued by RBI on Income Recognition Asset Classification (IRAC) norms and delayed reporting of information security incident involving ATMs of the bank.
  • "The Reserve Bank of India has imposed on October 23, 2017, a monetary penalty of Rs 6 crore on Yes Bank for non-compliance with the directions issued by RBI on Income Recognition Asset Classification (IRAC) norms and delayed reporting of information security incident involving ATMs of the bank," RBI said in a statement.
  • A statutory inspection of Yes Bank with reference to its financial position as on March 31, 2016 revealed violations of various regulations issued by RBI in the assessment of non-performing assets. Apart from that a cyber-security incident involving ATMs of the bank was also not reported by the bank within the prescribed timeframe.

News related to India & states

Union Government launches Deen Dayal SPARSH Yojana to promote philately

  • Union Minister of Communications Manoj Sinha on 3 November 2017 launched Deen Dayal SPARSH (Scholarship for Promotion of Aptitude & Research in Stamps as a Hobby) Yojana, a Pan India scholarship program for school children to increase the reach of Philately.
  • Philately is the hobby of collection and study of Postage stamps. It also includes collection, appreciation and research activities on stamps and other philatelic products. Philately teaches a lot about the socio economic political reality of the period in which the stamp is issued.
  • Under the SPARSH scheme, the government will award annual 920 scholarships to children of Class VI to IX having good academic record while pursuing Philately as a hobby through a competitive selection process in all postal circles.
  • Every Postal Circle will select a maximum of 40 scholarships representing 10 students each from Class VI, VII, VIII and IX.
  • The amount of the Scholarship will be Rs 6000 per annum at the rate of Rs 500 per month.
  • In order to avail this scholarship, a child must be a student of a recognized school within India and the concerned school should have a Philately Club and the candidate should be a member of the Club.
  • In case if the school Philately Club has not been established, a student having his own Philately Deposit Account will also be considered for the scholarship.

India, South Africa to collaborate on multi-radio telescope project

  • India and South would be jointly expanding their efforts in tracing the evolution of galaxies thereby, further strengthening their 20 years of strategic partnership.
  • India would be participating in the multi-nation Square Kilometre Array (SKA) - a large multi radio telescope project aimed to be built in Australia, New Zealand, and South Africa, where the view of the Milky Way Galaxy is best and radio interference least.
  • The telescope when built would be the world’s most powerful radio telescope and it would have a total collecting area of approximately one square kilometre.


Railways launch main arch on world's highest bridge on Chenab

  • The Indian Railways has commenced the main arch of the world's highest bridge on the River Chenab in Jammu and Kashmir's Reasi district.
  • This will provide direct connectivity to the Kashmir Valley.
  • The iconic bridge of Jammu & Kashmir will ascend 359 metres above the bed of the River Chenab and will be 30 metres upper than the iconic Eiffel Tower in Paris.
  • The start of the main arch is a remarkable effort as it requires carrying heavy segments from two ends of the bridge - Kauri end and Bakkal end and involves the world longest cable crane arrangement.
  • International and National consultants have been engaged during different stages of the project. Detailed seismic studies, geo-physical studies and slope stability studies have been included.

Indian Army launches Joint Training Node in Shillong

  • The Indian Army on 4 November 2017 launched an independent and fully-integrated Joint Training Node (JTN) at Umroi cantonment in Shilllong, Meghalaya.
  • The Training Node is aimed at hosting foreign armies during joint exercises.
  • The Joint Training Node is the first of its kind in eastern command and is different from other joint training centres located in Belgaum, Varangte and Bakloh.
  • The main objective behind its creation is to provide the best possible training environment for visiting armies.
  • The centre has been developed at par with training centres of leading armies across the world.
  • The training node is ready to host the Bangladesh Army and it would be hosting the Myanmar and Chinese armies next year.
  • The Umroi cantonment was chosen for its establishment keeping mind its proximity to the Guwahati and Shillong airports.

Goa to host Nobel Prize Event in February 2018

  • The state government of Goa on 3 November 2017 signed a trilateral memorandum of understanding (MoU) with the Department of Biotechnology, Union Ministry of Science and Technology and Nobel Media, Sweden to host the Nobel Prize Series - India event during 1-28 February 2018.
  • The event will be jointly organized by Department of Bio-Technology, Union Ministry of Science and Technology in collaboration with Department of Science and Technology and Nobel Media AB, Sweden.
  • The event would be held along with a month-long exhibition brought from Nobel Museum, Sweden.
  • The event is being held with the objective of driving people towards pure science rather than technology.
  • The Nobel series has earlier been organised in Gujarat.


Shamika Ravi to be appointed as member of PM economic panel

  • Shamika Ravi, a senior fellow at Brookings India, would be appointed as part-time member of the Economic Advisory Council to the Prime Minister (EAC-PM), a senior government official said.
  • Headed by NITI Aayog member Bibek Debroy, the EAC-PM includes NITI Aayog's Principal Advisor Ratan Watal as its member and economists Surjit Bhalla, Rathin Roy and Ashima Goyal as part-time members.
  • "The Prime Minister's Office (PMO) has cleared the appointment of Ravi as part-time member of the EAC-PM," a senior government official told .
  • Ravi leads the development economics research vertical at Brookings India. Ravi is also a visiting professor of economics at the Indian School of Business (ISB) where she teaches courses in Game Theory and Microfinance.

Justice Antony Dominic Appointed As Acting Chief Justice Of Kerala HC

  • President of India has appointed Justice Antony Dominic, senior-most Judge of Kerala High Court, as the Acting Chief Justice of Kerala High Court with effect from 6th  November, 2017 consequent upon the retirement of present Chief Justice Justice Navaniti Prasad Singh.
  • Justice Dominic started his practice in Munsiff’s Court and JFCM, Kanjirappally in the year 1981. He then shifted practice to the High Court of Kerala at Ernakulam in 1986.
  • He was appointed as Additional Judge of the Kerala High Court with effect from 30-01-2007. He was appointed as Permanent Judge of the High Court of Kerala with effect from 02-12-2008.

Awards & Honors

Veteran actor Mohan Joshi honoured with Vishnudas Bhave award

  • Renowned Indian film and television actor Mohan Joshi was honoured with the prestigious Vishnudas Bhave award for his contribution to the theatre on 5 November 2017.
  • The award was presented to Joshi by veteran actor Jayant Sawarkar. The award is conferred in memory of Vishnudas Bhave, the founder of Marathi theatre. It comprises a trophy, a citation and a cash prize worth Rs 25,000.
  • Besides plays, Joshi has acted in a number of Marathi and Hindi films including Major Saab, Baghban, Gangaajal, Garv: Pride and Honour and more recently Yeh Hai India.

Surat wins Best City Bus Services Award for attracting 87% of private vehicles users

  • Surat Municipal Corporation was on 6 November 2017 awarded with the ‘Best City Bus Services Award’ by the Union Ministry of Housing and Urban Affairs for attracting 87 per cent of the private vehicle and auto rickshaw users to use city buses.
  • While, Mysuru’s Public Bicycle Sharing won the ‘Best Non-Motorised Transport’ Award and Kochi (Kerala) was chosen for the ‘Best Urban Transport Initiative’ Award for completing its Metro Rail Project in a quick time.
  • The H-TRIMS of Hyderabad, the Traffic Integraged Management initiative,  was awarded with the ‘Commendable Initiative Award’  under ‘Best Intelligent Transport Project’ category. On the other hand, Chittor was chosen for the ‘Commendable Initiative Award’.
  • These cities were awarded under the ‘Best Urban Transport Practices’ of the Union Ministry of Housing and Urban Affairs.

Sri Ranganathaswamy Temple wins UNESCO Asia Pacific Award of Merit 2017

  • The Sri Ranganathaswamy Temple of Srirangam in Tamil Nadu on 3 November 2017 won UNESCO Asia Pacific Award of Merit 2017 for cultural heritage conservation programme. It is first temple from Tamil Nadu to win the prize from the UN body.
  • The temple won the award for its efforts to protect and conserve cultural heritage.
  • The two key parameters that made the temple most eligible to win the award are its traditional method of renovating temple premises as well as re-establishment of rainwater harvesting and historic drainage system in preventing flooding.


World Tsunami Awareness Day 2017 observed across the world

  • The World Tsunami Awareness Day was observed across the world on 5 November 2017 with the theme 'Reduce the Number of Affected People'.
  • The Day aligned with the 'International Day for Disaster Reduction' and the "Sendai Seven Campaign" which are aimed at reducing the number of affected people globally by disasters.
  • The day is celebrated to spread awareness among people across the world in matters related to the dangers of tsunami. It stresses on the importance of early warning systems in order to mitigate damage from the often devastating natural hazard.
  • The first World Tsunami Awareness Day was observed across the world on 5 November 2016 with the theme 'Effective Education and Evacuation Drills'.

Sports News

Indian women beat China to win Asia Cup, qualify for World Cup

  • The India women's hockey team today qualified for next year's World Cup after overcoming China 5-4 via a shootout in a nail-biting Asia Cup final here today.
  • It was 1-1 at full time after China found a late equaliser through Tiantian Luo, who converted a penalty corner in the 47th minute.
  • India had scored through Navjot Kaur in the 25th minute of the game.
  • The triumph of the Indian women's team follows the Asia Cup victory of the men's side last month.

  • India had to wait long for their second Women's Asia Cup title with the last one coming way back in 2004, when they had beaten Japan in New Delhi for the trophy.




Team ExamPundit

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