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Wednesday, November 08, 2017

Current Affairs Update – 8 November, 2017


Hello and welcome to exampundit. Here are the Important Current Affairs of 8 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.



Financial & Banking News

Union Government launches Coal India's 'Grahak Sadak Koyla Vitaran' App


  • Union Minister of Railways and Coal Piyush Goyal on 7 November 2017 launched ‘Grahak Sadak Koyla Vitaran App’ benefitting customers of Coal India Limited (CIL) for smooth coal delivery by road.
  • The customer friendly app will help in achieving transparency in transmit operations.
  • The app will monitor whether the dispatches are made on the fair principle of ‘First in First Out’ basis.
  • It will keep a track on all the activities from issuance of Sale Order to physical delivery of coal by road.
  • The main benefits of the App for the customers include easy accessibility of the information at the click of the button.
  • It will help in logistics planning for lifting of coal and will also help in planning the procurement, production and stock management by the customers.
  • It will provide date-wise, truck-wise quantity of coal delivered against the Sale Orders and information related to Scheme-wise, Colliery-wise, Grade-wise, customer-wise details of Sale Orders.

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India, World Bank sign USD 119 Million loan agreement for OHEPEE Project


  • India and World Bank on 7 November 2017 signed a financing agreement for loan of USD 119 million for the Odisha Higher Education Programme for Excellence & Equity (OHEPEE) Project.
  • The loan will be provided by the International Bank for Reconstruction and Development (IBRD), subsidiary of World Bank.
  • The Financing Agreement was signed by Sameer Kumar Khare, Joint Secretary in Department of Economic Affairs and Hisham A Abdo Kahin, Acting Country Director of World Bank (India).
  • While, the OHEPEE Project Agreement was signed by GVV Sarma, Additional Chief Secretary of Department of Higher Education, Odisha and Hisham A. Abdo Kahin, Acting Country Director of World Bank.
  • The objective of the project is to improve the quality of students equitable access to selected institutions in Odisha through Institutional Development Plan (IDP) Grants.
  • It will enhance governance of the higher education system by improving governance in colleges and through improvement of financial and procurement management in all government and government-aided colleges.
  • The project is expected to be completed by 30 November 2022.

Paytm introduces BHIM UPI payments on its platform


  • Mobile payments platform Paytm on 6 November 2017 introduced payments using BHIM UPI (Unified Payments Interface) on its platform.
  • The BHIM UPI platform allows users to create their own Paytm BHIM UPI ID on the app and link any of their savings bank account with this unique ID and begin with sending and accepting money. 
  • The Paytm BHIM UPI ID will be issued by Paytm payments bank.
  • Paytm BHIM UPI IDs will be accepted across all banks and BHIM UPI apps.
  • With Paytm BHIM UPI, one can now make instant money transfers directly between two bank accounts without adding beneficiary.
  • One would also not require the bank details or IFSC code to receive money through Paytm BHIM UPI.
  • As per the guidelines of National Payments Corporation of India (NPCI), users can send up to Rs 1 lakh in a single day using BHIM UPI. However, there is no receiving limit.
  • Paytm BHIM UPI is currently available in Paytm Android app and will soon be available on iOS as well.

News related to India & states

The 20th International Children's Film Festival begins in India


  • International Children's Film Festival India (ICFFI), popularly known as the Golden Elephant began in Hyderabad, Telangana on 8 November 2017. The festival would conclude on the occasion of Children’s Day on 14 November.
  • The global festival, which is held every two years, strives to bring the most imaginative cinema including both national and international to the young audiences in India.
  • The festival would witness participation from over hundred thousand children and hundreds of film professionals and eminent guests from around the world.
  • It would include screening of features, short films and animation films during its span of seven days.
  • The selected films would be screened across the State, including 13 screens in the city.
  • It would also include conferral of awards to the best film in different categories, which would be decided by both adult and child jury.
  • The festival aims to help boost creativity among children.
  • The children would get to watch high quality children’s films that they might not have been exposed to otherwise.

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DRDO conducts successful flight trial of 'NIRBHAY' Cruise Missile


  • The Defence Research and Development Organisation (DRDO) on 7 November 2017 conducted the successful test flight of ‘NIRBHAY’, India’s first indigenously designed and developed Long Range Sub-Sonic Cruise Missile.
  • The missile cruised for a total time duration of 50 minutes, achieving the range of 647 km. The missile was tracked with the help of ground based radars.
  • It was successfully test fired from the Integrated Test Range (ITR), Chandipur, Odisha. This was the fifth experimental test of the missile system.

World News

China unveils Asia’s largest island-building vessel


  • China on 3 November 2017 launched a massive ship, which is being referred as Asia's largest dredging vessel, at a port in eastern Jiangsu province.
  • The vessel described as a ‘magic island maker’ is capable of building artificial islands.
  • Named Tian Kun Hao, the ship is capable of digging 6,000 cubic meters an hour, which is equivalent to three standard swimming pools.
  • It is a larger version of the one China used to dredge sand, mud and coral for transforming reefs and islets in the South China Sea into artificial islands capable of hosting military installations.
  • Its displacement is 17000 metric tons and the deck is 140-meter-long.
  • It can break underwater rocks and then suck out sand, water and mud and transfer the substance up to 15 kilometres away.

Sports News

Asian Boxing Championship 2017: MC Mary Kom wins Gold in 48 kg category


  • Indian boxer MC Mary Kom on 8 November 2017 won the Gold Medal at the Asian Boxing Championship 2017 in 48 kg category.
  • Mary Kom defeated North Korea’s Hyang Mi Kim by 5-0 in the 48 kg category of the Asian Women's Boxing Championship. She made her entry into the finals of the tournament on 7 November 2017 after knocking out Japan's Tsubasa Komura.
  • This was her fifth gold medal in the Asian Boxing Championship. In her entire boxing career, till now, Mary has won four gold and a silver in the Asian Boxing Championship.

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