DAILY CURRENT AFFAIRS : November 15, 2019

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NATIONAL NEWS

6th World Congress on Rural and Agricultural Finance

• The 6th World Congress is being jointly hosted by Asia-Pacific Rural and Agricultural Credit Association (APRACA), National Bank for Agriculture and Rural Development (NABARD) and Ministry of Agriculture Farmers Welfare and Cooperation, Government of India.
• It is expected that the 6th version of this global event will be able to provide pathways to all stakeholders for extending improved and efficient financial services to rural and agricultural sector. 
• The congress will also aim to tackle in a multi-perspective setting on the opportunities, gaps and priority actions for developing sustainable and viable financial services and investments with actionable insights on rural financial services as a viable business strategy and as a meaningful contribution to the inclusive growth across the globe.

PM greets people of Jharkhand on their Statehood Day

• The Prime Minister, Narendra Modi has greeted the people of Jharkhand on their Statehood Day. 
• Mr Modi said, Jharkhand is synonymous with bravery and compassion and the people of this land have always lived in harmony with nature. 
• Prime Minister said, they have excelled in various fields due to their hard work, keep scaling new heights of progress and realise Bhagwan Birsa Munda’s dream of a prosperous and happy state. 

First ever International Buyer- Seller Meet in Arunachal Pradesh

• The Agricultural and Processed Food Products Export Development Authority (APEDA) under the Department of Commerce, Ministry of Commerce and Industry, held the first ever international buyer seller meet on Agriculture & Horticulture produce in Arunachal Pradesh on 14th November 2019.
• Ten International buyers from seven countries of Bhutan, Bangladesh, Nepal, Indonesia, UAE, Sultanate of Oman and Greece participated in the meet and interacted with exporters. 
• Growers and exporters showcased the products of Arunachal Pradesh like Mandarin oranges, kiwi, pineapple, king chilly, large cardamom, organic products, other fresh fruits, vegetables, flowers and spices.

BANKING AND BUSINESS ECONOMY

CCI approves merger of the BNP Paribas (BNPP) Mutual Fund and the Baroda (BOB) Mutual Fund

• The Competition Commission of India (CCI) approves merger of the BNP Paribas (BNPP) Mutual Fund and the Baroda (BOB) Mutual Fund, under Section 31(1) of the Competition Act, 2002
• The Proposed Combination relates to merger of the BNP Paribas Mutual Fund and the BOB Mutual Fund. The Parties propose to amalgamate (i) BOB Asset Management Company (AMC) into BNPP AMC; and (ii) BNPP Trustee Company (TC) into BOB TC. After the merger BNPP AMC and BOB TC will be the surviving entities.
• BNPP AMC is the dedicated AMC for BNPP Mutual Fund and acts as the investment manager of BNPP Mutual Fund. BNPP AMC is also a registered as Portfolio Manager under SEBI Regulations. It provides portfolio management services and advisory activities. BNPP TC is the trustee company of BNPP Mutual Fund.
• BOB AMC is the dedicated AMC for BOB Mutual Fund and acts as the investment manager of BOB Mutual Fund. BOB TC acts as the trustee for BOB Mutual Fund.

Union Home Minister Shri Amit Shah to Inaugurate the 15 Days’ “Aadi Mahotsav 2019” at Dilli Haat, INA

• Union Home Minister Shri Amit Shah will inaugurate the National Tribal Festival “Aadi Mahotsav” at Dilli Haat, New Delhi.
• The theme of the 15 days’ Mahotsav (16th to 30th November, 2019) is: “A Celebration of the Spirit of Tribal Culture, Craft, Cuisine and Commerce”. Union Tribal Affairs Minister Arjun Munda, will preside over the inaugural function.

INTERNATIONAL NEWS

Sri Lanka becomes 1st South Asian country to call match fixing a crime

• Sri Lanka has become the first South Asian nation to bring match-fixing cases to the category of crime as its parliament passed a bill related to ‘Prevention of Offences Related to Sports’. 
• This new legislation related to match-fixing and corruption will apply to all sports & if a person is found guilty of corruption in the game, he can be punished for up to 10 years and also be required to pay other fines.

State of emergency declared in Italy after flood

• The Italian government has declared a state of emergency for Venice after an exceptional tide surged through churches, shops and homes, causing millions of euros worth of damage to the UNESCO city.
• Prime Minister Giuseppe Conte said that the cabinet had approved the state of emergency and ordered the immediate release of 20 million euros in funds for the most urgent interventions in the devastated city after flooding, the highest in 50 years.
• Several museums remained closed to the public as authorities assessed the extent of the damage to Venice’s cultural treasures, such as St Mark’s Basilica where water invaded the crypt.

APPOINTMENTS

FIFA names Arsene Wenger as global football development chief

• Veteran coach Arsene Wenger has been named FIFA’s Chief of global football development. FIFA said, the former Arsenal and Monaco coach would be responsible for the growth of the game for both men and women around the world and would also be the leading authority on technical matters, including potential changes to the sport’s laws.
• It added that Wenger, 70, would also be tasked with coach education and aiding a programme designed to help former players enter management.
• Wenger made the Gunners one of the strongest sides in Europe, winning three Premier League titles and seven FA Cups and taking his team to the 2006 Champions League final.

Nita Ambani Becomes 1st Indian Trustee to be Elected to Board of New York’s Metropolitan Museum of Art

• Educationist, philanthropist and businesswoman Nita Ambani has been named an honorary trustee of The Metropolitan Museum of Art. The announcement was made on by Daniel Brodsky, the museum’s chairman. Nita Ambani’s election took place at a meeting of the Board on November 12. She is the first Indian to be so honoured.
• “Mrs. Ambani’s commitment to The Met and to preserving and promoting India’s art and culture is truly exceptional. Her support has an enormous impact on the museum’s ability to study and display art from every corner of the world. It is a pleasure to welcome Nita Ambani to the Board,” 

Unilever appoints Nils Andersen as chairman, replacing Dekkers

• Unilever named non-executive director Nils Andersen as its new chairman, to utilise his deep experience across consumer goods and logistics industries to help the Dove soap maker navigate a dip in emerging market sales growth and fix its foods business.
• Andersen will replace Marijn Dekkers, Dekkers will remain on the board as non-executive director.
• Andersen, who was appointed non-executive director of Unilever in 2015, will support chief executive Alan Jope at a time when India and China, two of the company’s biggest markets, are showing signs of slowdown.

RANKING AND INDEX

Bangladesh tops business bribery risk according to Trace Bribery Matrix

• Bangladesh has the highest business bribery risk among South Asian courtiers, according to the Trace Bribery Matrix which releases annual ranking for 200 countries. 
• TRACE is a US based organisation which provides ranking to various countries in terms of the risk of bribery companies face in doing business in those countries.
• Bangladesh has been placed at 178 position among 200 countries in terms of business bribery risk.  It has been on the high risk country list of Trace Bribery Matrix since 2014 when the first matrix was released.
• In South Asia, Pakistan and Afghanistan are the only countries where the bribery risk is ‘high’. Bhutan has the lowest risk of bribery on the index in South Asia as it is placed at 52 in the ranking.
• Overall, according to this year’s TRACE Matrix data, Somalia, South Sudan, North Korea, Yemen and Venezuela presented the highest risk of bribe demands. New Zealand, Norway, Denmark, Sweden and Finland presented the lowest bribery risk.

SCIENCE AND TECHNOLOGY

NASA Renames Faraway Ice World ‘Arrokoth’ After Nazi Controversy

• Ultima Thule, the farthest cosmic body ever visited by a spacecraft, has been renamed Arrokoth, or ‘sky’ in the Native American Powhatan language, following a backlash over the previous name’s Nazi connotations.
• The icy rock, which orbits in the dark and frigid Kuiper Belt about a billion miles beyond Pluto, was surveyed by the NASA spaceship New Horizons in January, with images showing it consisted of two spheres stuck together in the shape of a snowman.
• That name sparked an angry reaction as it was co-opted by far-right German occultists in the early 20th century as the fabled ancestral home of ‘Aryan’ people – the term they used to describe proto-Indo-Europeans.

SPORTS NEWS

FIFA bans three football officials for life for corruption

• FIFA (Federation Internationale de Football Association) has banned 3 South American football officials for a lifetime for connection with a 2015 corruption scandal in football. 
• The three officials who were banned were Former Peru Football Federation Manuel Burga and Argentinian officials Eduardo Deluca and Jose Luis Meiszner.

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