NATIONAL UPDATES:
1.
Indian Railways launches 3 online applications for all-India rollout: Indian Railways has
launched three applications for all-India roll out to strengthen its IT-enabled
services which will help ensure proper monitoring of projects being undertaken
by Railways. The applications, namely CRS Sanction Management System, Rail-road
crossing GAD approval system and TMS for construction aim at beefing up
IT-enabled services.
The CRS Sanction Management System
is an important aspect in construction, maintenance and up-gradation of railway
assets.
Rail-road crossing GAD approval
system
will expedite preparation, processing and approval of general agreement
drawings related to the construction of Road Over Bridges and Road Under
Bridges.
Application TMS for construction
has been developed for new assets being constructed by the construction
organization.
2.
Supreme Court orders Centre to set up a trust for temple construction: A five-judge
Constitution Bench headed by Supreme Court Chief Justice Ranjan Gogoi paved the
way for the construction of a Ram Temple at the disputed site at Ayodhya. It
also directed the Centre to allot an alternative five-acre plot to the Sunni
Waqf Board for building a mosque at a prominent place in the holy town. It
ordered a trust should be formed within three months for the construction of
the temple at the site. The historic verdict was pronounced on 14 appeals filed
in the apex court against the 2010 Allahabad High Court judgment. The Apex
Court dismissed the appeal of the Shia Waqf Board in the case saying that the
land belongs to the government as per revenue records. The court further said
the underlying structure below the disputed site at Ayodhya was not an Islamic
structure, but the Archaeological Survey of India, ASI has not established
whether a temple was demolished to build a mosque.
3. PM Modi inaugurates Integrated check post of
Kartarpur Corridor: Prime
Minister Narendra Modi inaugurated the Integrated check post of Kartarpur
Corridor at Dera Baba Nanak in Punjab. Mr. Modi flagged off the first batch of
over 500 Indian pilgrims led by Akal Takhat Jathedar Giani Harpreet Singh to
Gurdwara Darbar Sahib through the corridor. Now, it will be easy to pay
obeisance at Darbar Sahib Gurudwara after the opening of Kartarpur Corridor.
Earlier, Sikh pilgrims have-to go through the long visa process, wait for
particular dates of buses to reach the Gurudwara via Wagah border.
Note: The corridor connects ‘Dera Baba
Nanak’ (in Gurdaspur district-India) to the ‘Gurdwara Darbar Sahib’ (in
Kartarpur in Narowal district of Pakistan). The Kartarpur Gurudwara (Darbar
Sahib Kartarpur) is situated on the banks of river ‘Ravi’, considered to be the
first gurdwara ever built. The corridor provides smooth and easy passage to
Sikh pilgrims to visit ‘Gurdwara Darbar Sahib’ in Pakistan throughout the year.
4.
India Justice Report 2019: Maharashtra holds top, UP ranks bottom: According to ‘India
Justice Report 2019’, Maharashtra is the top state among 18 large states in
delivering justice to its citizens followed by Kerala, Tamil Nadu, Punjab and
Haryana in the first-ever ranking of states on their capacity to deliver
justice to citizens. The list of seven small states (population less than one
crore each) was topped by Goa, followed by Sikkim and Himachal Pradesh. In this
classification, Jharkhand, Bihar and Uttar Pradesh are at the bottom.
Note: The ranking is part of the India
Justice Report (IJR) 2019, an initiative of Tata Trusts in collaboration with
Centre for Social Justice, Common Cause, Commonwealth Human Rights Initiative,
DAKSH, TISS- Prayas and Vidhi Centre for Legal Policy. The India Justice Report
brings together, in the first such exercise, otherwise soiled statistics, from
authoritative government sources, on the four pillars of justice delivery –
police, judiciary, prisons and legal aid.
5.
IFFI 2019 to screen 3 films for differently-abled: This year, at the
Golden Jubilee of International Film Festival of India (IFFI), will have the
screening of Accessible India Films. This is a collaboration between IFFI,
Saksham Bharat and UNESCO with the aim to promote the creation of inclusive
spaces for the differently-abled to access the joy of cinema through Audio
Deion. Audio Deion is an additional narration that translates images, visual
information or non-dialogue portions of film into spoken words so that
visually-impaired people can access, enjoy and learn from works of popular
films. This unique film section will witness the screening of three films, two
in Hindi – Lage Raho Munna Bhai and M.S. Dhoni: The Untold Story and one in
Konkani- Questao De Confusao.
INTERNATIONAL UPDATES:
1. PM
Modi to visit Brazil for BRICS summit: Prime Minister Narendra Modi will be on a
2-day visit to Brazil from the 13th of this month to attend the 11th BRICS
Summit in Brasilia, Brazil. The theme of the Summit this year is “Economic
Growth for an Innovative Future”. This will be the sixth time that Mr Modi
participates in the BRICS Summit.
Note: BRICS is the acronym coined for an
association of five major emerging national economies: Brazil, Russia, India,
China and South Africa. Originally the first four were grouped as “BRIC”,
before the induction of South Africa in 2010.
2.
Mauritius Prime Minister Pravind Jugnauth claims victory in the election: Prime Minister
Pravind Jugnauth claimed victory in the election today as official preliminary
results showing his alliance taking a comfortable lead over rivals in
Mauritius. Projections from the Electoral Commission gave a large lead to a
coalition led by Jugnauth, who took the helm of one of Africa's wealthiest
countries when his father stepped down in 2017. Partial results from the
state-run commission forecasted that Jugnauth's centre-right Morisian Alliance
will win 38 of 62 possible seats in parliament.
Note: Mauritius Capital: Port Louis;
Currency: Mauritian rupee
3.
Exim Bank grants $30 million line of credit to Ghana: The Export-Import
(Exim) Bank has provided a USD 30 million (about Rs 210 crore) line of credit
to Ghana for a potable water project in the country. Under the arrangement,
financing of export of eligible goods, works and services from India would be
allowed subject to their being eligible for export under the Foreign Trade
Policy of India and whose purchase may be agreed to be financed by the Exim
Bank. As per the agreement, the terminal utilisation time is 60 months period
after the scheduled completion date of the project.
Note: President of Ghana: Nana Akufo-Addo;
Capital of Ghana: Accra; Currency of Ghana: Ghanaian cedi.
OTHER UPDATES:
SPORTS
1.
India to host 2023 Men’s Hockey World Cup: India will host the 2023 Men’s
Hockey World Cup from 13th to 29th of January. The International Hockey
Federation (FIH) India will play host to the men’s tournament while Spain and
the Netherlands have been named as the co-hosts of the 2022 Women’s World Cup
scheduled to be held from 1st to 22nd of July. The decisions were made during
FIH’s Executive Board Meeting in Lausanne, Switzerland. The venues of both the
men's and women's World Cups will be announced by the host nations at a later
date.
BANKING AND FINANCE
1.
Indian Bank, Muthoot Microfin sign MoU: Public sector Indian Bank has signed a
memorandum of understanding with Muthoot Microfinance to serve Micro, Small and
Medium Enterprises (MSME). Under the memorandum of understanding, the bank and
the non-banking finance company will jointly lend to the MSME borrowers. The
agreement was signed by Sudhakar Rao, Indian Bank general manager-MSME
&Praveen T, Muthoot Microfin deputy CFO (Chief Financial Officer)in the
presence of the bank’s managing director (MD) and CEO (Chief Executive Officer)
Padmaja Chunduru.
Note: Indian Bank founded: 15 August 1907;
Headquarters: Chennai, Tamil Nadu.
2.
RBI increases household income limits for borrowers of NBFCs and MFIs: Reserve Bank has
increased the household income limits for borrowers of Non-Banking Financial
Companies (NBFCs) and microfinance institutions (MFIs) from 1 lakh to 1.25 lakh
rupees. The move is aimed at strengthening credit to those at the bottom of the
economic pyramid in rural areas. Similarly, the limit has been increased from
1.6 lakh for urban or semi-urban areas to 2 lakh rupees. The limit has been increased
after taking into consideration the important role played by microfinance
institutions in delivering credit to those at the bottom of the economic
pyramid and to enable them to play their assigned role in a growing economy.
3.
SBI lowers lending rates by 5 basis points across all tenors: State Bank of India
has lowered its lending rates by 5 basis points across all tenors, today. It
has also sharply slashed the deposits pricing between 15 and 75 basis points.
It will be effective from 10th of November. This is the seventh consecutive cut
in lending rates by the bank this fiscal. The SBI said, with this reduction,
the one year Marginal Cost Of Funds-Based Lending (MCLR), to which most of its
loan prices are linked, will come down to 8 per cent. The bank also reduced the
interest rate on retail term deposit by 15 basis points for one year to less
than two years' tenor. The bulk term deposit interest rates have been reduced
by 30 to 75 basis points across tenors.
BUSINESS AND ECONOMY
1.
Sanjay Gupta appoints country manager at Google India: Google India has
appointed Sanjay Gupta as its new country manager and vice-president of sales
and operations for India. Gupta, the former Star and Disney India managing
director, will contribute to Google’s efforts to expand the internet ecosystem
in the country. He will take on the role early next year, working closely with
the teams based in Gurugram, Hyderabad and Bengaluru. He replaces Rajan
Anandan, who left Google to join Sequoia Capital India.
AWARDS AND HONOURS
1.
Kumar Mangalam Birla conferred ABLF Global Asian award: Kumar Mangalam
Birla, chairman of the Aditya Birla Group, was conferred the ABLF Global Asian
Award, for “powerful individual whose business footprint and commitment to excellence
have engaged international interest and attention”. The Asia Business
Leadership Forum (ABLF) is backed by the UAE government and currently runs in
three forms- talks, awards, and publications. The previous awardees include
Dhirubhai Ambani, Lakshmi Mittal, Mohamed Ali Alaber, chairman of Emaar group,
and Sheikh Ahmed Bin Saeed Al Maktoum, chairman of Emirates.
DEFENCE
1.
Indian Coast Guard conducted Exercise ReSAREX-2019: The Indian Coast
Guard (ICG) tested its efficiency and preparedness during the Regional Level
Search and Rescue Workshop and Exercise 2019 (ReSAREX- 19) conducted off the
Goa coast. The ReSAREX - 19 tested the efficiency of operations of various SAR
agencies in Goa. ICG participation: 5 ships of ICG, 2 Chetak helicopters were used
for the workshop while resources from State Marine Police, Indian Mission
Control Centre (IMCC) in Bengaluru, Karnataka, Captain of Ports, state
administration of Goa, Goa medical college and Goa’s Mormugao Port Trust were
used in the service.
Note: Indian Coast Guard founded: 18 August
1978; Headquarters: New Delhi; Motto(s): Vayam Rakṣ āmaḥ (We protect).
OBITUARIES
1.
Sahitya Akademi awardee writer Nabaneeta Dev Sen passes away: Sahitya Akademi
awardee writer Nabaneeta Dev Sen passed away. A poet, novelist and short-story
writer, Dev Sen won the Sahitya Akademi award in 1999 for her book ‘Naba-Nita’.
She was also the recipient of the Padma Shri in 2000. She is the founder and
president of the West Bengal Women Writers’ Association. Nabaneeta Dev Sen’s
1978 book on ‘Naxal movement in Bengal’ was published in English.
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