DAILY CURRENT AFFAIRS: NOVEMBER 4&5, 2018

Daily Current Affairs ( November 4&5, 2018) 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.

NATIONAL

President Kovind inaugurates Gyan Kumbh

President Ram Nath Kovind has inaugurated the first Gyan Kumbh in Uttarakhand, which is being jointly organised by the Higher Education Department of the Uttarakhand Government and the University of Patanjali in Haridwar.

The objective of the Gyan Kumbh is to enhance the quality of education in India.

President Kovind also addressed the first convocation ceremony at the All India Institute of Medical Sciences (AIIMS), Rishikesh.

India, Zimbabwe Sign 6 Agreements In Various Fields

India will extend Line of credits of more than 350 million US Dollars to Zimbabwe for two power projects and a drinking water project.

India will give about 3 million US dollar grant for upgradation of Indo-Zim Technology centre.  Assistance for construction of Mahatma Gandhi Convention Centre in Zimbabwe will also be granted by India.

India will also gift 10 Ambulances and life-saving drugs to Zimbabwe.

India has also agreed for the deputation of experts in five fields to assist Zimbabwe. Around 6 agreements in various fields were also signed in areas including Mining, Visa waiver, Broadcasting and Culture.

SMiLE virtual tour guide to give fillip to Malabar tourism

The Kerala Tourism Department has brought out a high-tech digital facility that provides visitors all details about experiential and service packages offered in the region in north Kerala.

A ‘SMiLE Virtual Tour Guide’ links tourists with their places of attraction and providers of experiential services. The site has also helpline numbers for women and ambulance service.

The package has got its acronym SMiLE from Small and Medium Industries Leveraging Experiential Tourism. It was conceived and executed by Bekal Resorts Development Corporation (BRDC).

India’s First Indigenous Microprocessor Created By IIT-Madras

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Researchers at Indian Institute of Technology Madras (IIT-M) have designed and booted up India’s first microprocessor, Shakti, which could be used in mobile computing and other devices. The project is funded by Union Ministry of Electronics and Information Technology.

According to IIT-M, the Shakti microprocessor can be used in low-power wireless systems and networking systems besides reducing reliance on imported microprocessors in communication and defence sectors. The microprocessor can be used by others as it is on par with international standards.

The Shakti family of processors was fabricated at Semi-Conductor Laboratory (SCL), Indian Space Research Organisation (ISRO) in Chandigarh, making it the first ‘RISC V Microprocessor’ to be completely designed and made in India.

IAMAI formed committee to promote Augmented and Virtual Reality (AR/VR)

The Internet and Mobile Association of India (IAMAI) has formed a new industry expert committee, under its Emerging Technology Council, focused on AR/VR.

It has been framed with an aim to promote Augmented and Virtual Reality (AR/VR) technology to drive economic growth, job creation, and skill development in the country,

The committee is chaired by Namrita Mahindro, Senior General Manager, – Digital Transformation, Mahindra Group and co-chaired by Satyajeet Singh, Head –Strategic Product Partnership, India & South Asia, Facebook.

BANKING AND ECONOMY

RIL & HSBC executes first of its kind blockchain trade finance transaction

HSBC India and ING Bank Brussels have successfully executed a blockchain- enabled Letter of Credit (LC) transaction between Reliance Industries (RIL) and Tricon Energy.

This is an industry-first, as the blockchain platform integrates with Bolero’s electronic Bill of Lading (eBL) platform to issue and manage an eBL.

The Letter of Credit (LC) was issued by ING Bank for Tricon Energy USA (importer) with HSBC India as the advising and negotiating bank for RIL, India (exporter).

This allowed a digital transfer of the title of goods from the seller to the buyer in the underlying trade and enabled the underlying trade to be fully digitised.

RBI allows banks to provide partial credit enhancement to NBFCs

The Reserve Bank of India has permitted banks to grant partial credit enhancement (PCE) to bonds issued by non-banking financial companies (NBFCs) and housing finance companies, listed with the Reserve Bank of India (RBI) and the National Housing Bank respectively.

RBI has allowed this to enable NBFCs to obtain funds from the bond market on favourable terms and to improve the bonds’ credit rating.

PCE is expected to assist NBFCs, and housing finance companies raise money from provident or pension funds investing in highly-rated instruments and insurance.

The central bank also limited the exposure of a bank through PCEs to bonds assigned by each NBFC or housing finance company to one per cent of bank’s capital funds within the current borrower exposure limit.

RANKING

India ranked 12 globally in web-borne threats: Kaspersky Lab

Globally, India ranks 12th when it comes to the dangers associated with surfing the web, according to a new report from Russia-based global cybersecurity firm Kaspersky Lab.
About a third of Internet users in the country were attacked by web-borne threats between the July-September period of this year.

Among other methods, the attackers exploited vulnerabilities in browsers and their plugins (drive-by download). And this is the number one method utilised by cybercriminals.

SPORTS

Paris Masters tennis: Khachanov beats Djokovic to lift title

Karen Khachanov defeated Novak Djokovic 7-5, 6-4 to win the Paris Masters title.

Djokovic will return to No. 1 in the rankings for the first time in two years but he will be disappointed at missing out on a 73rd career title.

Karen Abgarovich Khachanov is a Russian tennis player of Armenian background. He has won four ATP singles titles.

IMPORTANT DAYS

3rd Ayurveda Day observed across India

The Ayurveda Day was observed across India on November 5, 2018 on the occasion of the Dhanawantari Jayanti or Dhanteras with an aim to further promote Ayurveda as the mainstream system of medicine.

Every year, the Ministry of AYUSH observes Ayurveda Day on the occasion of Dhanawantari Jayanti (Dhanteras).

The theme of the 3rd Ayurveda Day was “Ayurveda for Public health”.

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