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Thursday, November 09, 2017

Current Affairs Update – 9 November, 2017


Hello and welcome to exampundit. Here are the Important Current Affairs of 9 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.




Financial & Banking News

Linking of Aadhaar with insurance policy mandatory: IRDAI


  • Insurance Regulatory and Development Authority of India (IRDAI) on 8 November 2017 announced that the linkage of Aadhaar number with insurance policies is mandatory under the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017.
  • In June 2017, the Union Government notified the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017.
  • The Rules make Aadhaar and PAN/Form 60 mandatory for availing financial services including insurance and also for linking the existing policies with the same.
  • At present, there are 24 life insurance companies and 33 general insurers (including standalone health insurance firms) operating in the country.

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RBI to launch public awareness campaign through text messages


  • The Reserve Bank of India would soon be launching a new public awareness campaign through text messages to educate public about various banking regulations and available facilities.
  • The institution first plans to send messages to people, cautioning them against falling victim to unsolicited and fictitious offers received through emails, SMSes and phone calls. The warning would be sent out from ‘RBISAY’ sender id.
  • Previously as well, the apex bank has sent out alerts through press releases from time to time to warn the public against such offers.
  • However, this would be the first time that the institution would be using the same form of media -SMS and emails, like those used by the fraudsters.
  • The institution has also set up a helpline, through which the public can get more information on fake calls and emails as well as on investing wisely and cautiously in chit funds. They just need to give a missed call on 86919-60000 and the information will be provided to them through Interactive Voice Response System (IVRS).
  • The public can also send their feedback on the campaign by email.

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News related to India & states

Facebook to introduce disaster response tools in India


  • Social media giant, Facebook has teamed up with the National Disaster Management Authority (NDMA) and an Indian non-profit body – SEEDS- to offer tools to these agencies in an attempt to help them respond more effectively to natural disasters.
  • Facebook would be bringing in disaster maps that would illustrate aspects such as movement of people and concentration of Facebook users in a particular area before and after a calamity.
  • According to Ritesh Mehta, Facebook Head of Programs of India, South and Central Asia, the intention behind introducing the initiatives is to help improve response efforts to natural disasters in India. He added saying that before and after any crisis, the response organisations require accurate information to help the communities to respond, recover and rebuild.
  • He continued by saying that the traditional communication channels are often offline and due to that it can significant time and resources to understand where help is desperately needed.
  • However, through the medium of Facebook, in case there is an area that has a high concentration of Facebook users that suddenly goes offline, even that data insight can be used to rush services to the area.
  • The Disaster Maps tool was introduced globally in June 2017. It uses aggregated location information that users have chosen to share with Facebook. These tools have already been deployed in Peru and the US.

Awards & Honors

Chennai included in UNESCO's Creative Cities Network for contribution in Music


  • Chennai was on 31 October 2017 included in the Creative Cities Network list of United Nations Educational, Scientific and Cultural Organisation (UNESCO)  for its rich musical tradition.
  • With this, Chennai became the third Indian city on the list of UNESCO Creative Cities list after Jaipur and Varanasi.
  • UNESCO Director-General Irina Bokova designated 64 cities from 44 countries as UNESCO Creative Cities.
  • These cities join a network of UNESCO’s effort to promote innovation and creativity for a more sustainable and inclusive urban development.
  • UNESCO Creative Cities Network List highlights its members’ creativity within seven fields:  Crafts and Folk Art, Design, Film, Gastronomy, Literature, Media Arts and Music. Presently, the list includes a total of 180 cities in 72 countries.

World News

Morocco launches earth observation satellite


  • Morocco on 7 November 2017 successfully launched an earth observation satellite called “Mohammed VI-A”.
  • The satellite was launched by European consortium Arianespace's Vega rocket from French Guyana Space Centre.
  • The Mohammed VI-A satellite is an Earth observation satellite built for Morocco by Thales Alenia Space as prime contractor and Airbus as co-prime.
  • The three-axis stabilized satellite weighed approximately 1,110 kg at launch.
  • It will be used for mapping and land surveying activities along with regional development and agricultural monitoring.
  • It will also be used for monitoring changes in the environment and desertification and in the prevention and management of natural disasters and for border and coastal surveillance.









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Team ExamPundit

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