DAILY CURRENT AFFAIRS : November 7, 2019

Daily Current Affairs (November 7, 2019) like many other sections is inevitable and this also helps to score in the Banking awareness, Static GK and Financial Awareness sections. Remember, Banking Awareness and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

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NATIONAL NEWS

Govt sets up Rs.25,000 crore fund to revive stalled housing projects

(Mint Exclusive) Profile Shoot Of BJP Spokesperson Nirmala Sitharaman : News Photo

The government has decided to set up 25 thousand crore rupees fund to revive stalled housing projects. The decision was taken by the Union Cabinet at a meeting held in New Delhi.
Finance Minister Nirmala Sitharaman said that the government will put in 10 thousand crore rupees in the Alternative Investment Fund (AIF) while State Bank of India and Life Insurance Corporation will provide 15 thousand crore rupees taking the total size to 25 thousand crore rupees.
It will finance over 1,600 stalled housing projects comprising about 4.58 lakh housing units across the country.
The fund will provide relief to developers that require funding to complete a set of unfinished projects and consequently ensure delivery of homes to the home-buyers.

Three books launched on Guru Nanak Dev Ji at Sri Guru Teg Bahadur Khalsa College

Human Resource Development Minister Ramesh Pokhriyal Nishank and Food Processing Industries Minister Harsimrat Kaur Badal have unveiled three books on Guru Nanak Dev Ji in New Delhi.
The books were launched in the run-up to 550th Birth Anniversary celebration of Guru Nanak Dev Ji at Sri Guru Teg Bahadur Khalsa College.
The National Book Trust has published these titles – ‘Guru Nanak Bani’, ‘Nanak Bani’, and ‘Sakhian Guru Nanak Dev’ to spread the message of Guru Nanak Dev’s writings among readers of Indian sub-continent.

Severe Cyclone ‘Maha’ weakens into deep depression; Gujarat gears up for rescue, relief operations

The Severe Cyclonic storm MAHA over east-central and adjoining northeast Arabian Sea continued to move eastwards and weaken into a Cyclonic Storm .
According to the weather office, it is likely to move east-northeastwards, weaken further into a Deep Depression and very likely to skirt Saurashtra coast as a deep depression.
Due to its impact of Cyclonic Storm MAHA heavy to very heavy rains have been predicted at a few places in the districts of Saurashtra and Gujarat region.

BIMSTEC Conclave to be held in Visakhapatnam

The two-day BIMSTEC (Bay of Bengal initiative multi-sector technical and economic cooperation) Conclave will be held at Visakhapatnam.
Vizag port trust is hosting the conclave first time ever since the formation of BIMSTECH in 1997. Seven-member countries that includes Bangladesh, India, Myanmar, Srilanka, Thailand, Nepal, Bhutan are participating in the conference.
Union Minister of State for Shipping Mansukh L. Mandaviya will inaugurate the conclave.

BANKING AND BUSINESS ECONOMY

RBI raises withdrawal limit for PMC Bank depositors to Rs 50000

Image result for reserve bank of india pmc bank

Reserve Bank of India (RBI) increased the withdrawal limit of Punjab and Maharashtra Cooperative (PMC) Bank customers to Rs 50,000 from Rs 40,000 earlier.

The central bank also allowed the depositors to withdraw from the bank’s own ATMs within the prescribed limit of Rs 50,000, a move which is expected to ease the process of withdrawals.

GOVERNMENT SCHEMES

Lucknow railway station gets ‘Health ATM’

The Indian Railways has installed two ‘Health ATMs’ at the Charbagh railway station in Lucknow.
The kiosks, promoted by YOLO Health ATM, provide 16 health check-ups for Rs 50-100. There are two types of check-ups 9 minute one that costs Rs 100, and a 6-minute one that costs Rs 50.
The report is delivered instantly to the email or smartphone of the user. YOLO plans to install similar ‘Health ATMs’ in Bareilly and Moradabad soon.

Andhra Pradesh set to introduce English medium in govt schools

The Andhra Pradesh government’s decision to introduce English as the medium of instruction in all government schools has triggered a controversy with a section of academicians and teachers opposing the move.
The Y S Jagan Mohan Reddy-led government in Andhra Pradesh has announced converting all government, Mandal Praja Parishad (MPP) and Zilla Parishad (ZP) schools into English medium schools.
This will come into existence for standards I to VIII from the academic year 2020-21 and for standards IX and X from the academic year 2021-22.

Rajnath Singh urges Russian defence industries to jointly manufacture in India

The 19th India-Russia Inter-Governmental Commission on Military and Military-Technical Cooperation (IRIGC-M&MTC) meeting was held in Moscow, Russia.
The defence minister said the Indian government is encouraging Original Equipment Manufacturers (OEMs) to make use of the ‘Make in India’ initiative while jointly inaugurating the ‘India-Russia Defence Industry Cooperation Conference’ with Russian Minister of Industry and Trade Denis Manturov in Moscow.

International Conference on Soil and Water Resources Management for Climate Smart Agriculture and Global Food & Livelihood Security begins in New Delhi

Dr. Trilochan Mohapatra, Secretary (DARE) & Director General (ICAR) inaugurated the five day-long “International Conference on Soil and Water Resources Management for Climate Smart Agriculture and Global Food and Livelihood Security” at the National Agricultural Science Centre Complex in New Delhi.
The conference is being organized jointly by the Soil Conservation Society of India in association with World Association of Soil and Water Conservation (WASWAC), China and International Soil Conservation Organization (ISCO), U.S.A. with the objective to deliberate upon the various issues and challenges of soil and water conservation.

AGREEMENTS AND MOUS

Tamil Nadu to get $451 million ADB loan to boost power connectivity

Asian Development Bank (ADB) has recently approved a $451-million loan to strengthen power connectivity between the southern and northern parts of the Chennai–Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.
Tamil Nadu is getting a sum of $451-million as a loan from Asian Development Bank (ADB) to strengthen power connectivity between the southern and northern parts of the Chennai–Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.

APPOINTMENTS

Sheikh Khalifa bin Zayed Al Nahyan re-elected as President of UAE

The UAE’s Supreme Council of the Union has re-elected His Highness Sheikh Khalifa bin Zayed Al Nahyan as its President for a fourth five-year term, in accordance with the provisions of the UAE Constitution.
President Sheikh Khalifa was first elected President of the UAE by the Supreme Council of the Union on 3rd November, 2004.

RANKING AND INDEX

China Is World’s Worst Abuser of Internet Freedom: Freedom House Report

China was again ranked the worst among governments for increased exploitation of the internet for social control and political purposes, according to a report released by Freedom House
“China is the world’s worst abuser of internet freedom for the fourth consecutive year,” the human rights group said in its latest annual report on internet freedom.
The report surveyed 65 countries and concluded that 33 of them had an overall decline in their internet freedom score compared to a year earlier.

SCIENCE AND TECHNOLOGY

NASA’s Voyager 2 becomes second spacecraft to reach interstellar space

More than four decades after beginning its epic journey, NASA’s Voyager 2 spacecraft has crossed the elusive boundary that marks the edge of the Sun’s realm and the start of interstellar space.
According to the researchers at the University of Iowa in the US, Voyager 2 has entered the interstellar medium (ISM), the region of space outside the bubble-shaped boundary produced by wind streaming outward from the Sun.

Sudan launches its first ever satellite‘SRSS-1’ in partnership with China

Sudan’s first-ever satellite to carry out research in military, economic and space technology has been launched by China, the African country’s governing council said.
General Abdel Fattah al-Burhan, head of Sudan’s sovereign council, announced the launch of the satellite at a meeting of his top security officials held in the capital, Khartoum.

IIT Madras launches India’s first indigenously designed standing wheelchair

The Indian Institute of Technology (IIT) Madras has launched the country’s ‘first indigenously’ designed standing wheelchair- ‘Arise’ for assisting the specially-abled person in day to day activities.

These customised wheelchairs enable a differently-abled person to shift from sitting to standing position and vice-versa independently.

Union Minister for Social Justice and Empowerment Thawar Chand Gehlot was also present at the launch of ‘Arise’.

IMPORTANT DAYS

Infant Protection Day is observed on 7 November

Infant Protection Day is celebrated on 7 November.
The day aims to celebrate the day to spread awareness about the safety of infants and protect their lives by taking proper care of infants.
It should be made aware that due to the lack of proper protection and proper care, newborns face a lot of problems.

National Cancer Awareness Day is observed on 7 November

National Cancer Awareness Day is observed to generate awareness about cancer prevention and early detection.
National Cancer Awareness Day’ is observed to highlight the significance of increased awareness about cancer prevention and early detection for the general public.

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