NATIONAL
UPDATES:
1. LS
Secretary General got one-year extension : The tenure of Snehlata
Shrivastava has been extended by Speaker Sumitra Mahajan for one
year.She was scheduled to retire on 30 November 2018 but after the
extension, she will retire in 30 November 2019.She is the first
woman Secretary General of the Lok Sabha.She has served as Secretary in the
Ministry of Law and Justice and as Special/Additional Secretary in the Ministry
of Finance.
2. Proposed
Ganga bill bans ports, jetties : According to a proposed ‘Ganga
Act’, the government has banned the construction of jetties, ports or
‘permanent hydraulic structures’ in the Ganga river.The Bill lays down a
host of restrictions to ensure the ‘uninterrupted, ecological flow’ of the
river. The proposed act is formally called the National River Ganga
(Rejuvenation, Conservation and Management) Bill, 2018.
3. New
record created in Ayodhya : A new world record was set in Ayodhya on 7 November
2018 with over three lakh ‘diya’ lit up simultaneously.A total of 3,01,152
diyas were lit up simultaneously for five minutes.The record was created at the
Deepotsav event on the banks of the Sarayu river.The target was to
illuminate a total of 3.35 lakh diya on both sides of the ghats at Ram Ki
Paidi.
4. JNPT planning
to host edible oil refinery : Jawaharlal Nehru Port Trust
(JNPT) is planning to host an edible oil refinery to maximise revenue and
ensure captive cargo.The raw material for the refinery
will be imported from abroad and a considerable part of the finished products
will be sent out through the sea.The port already has a liquid cargo terminal
in addition to the 4 container terminals.The port is situated in Maharashtra
5. ‘Bhubaneswar
Me Wi-Fi’ launched : Odisha
Government launched the ‘Bhubaneswar Me Wi-Fi’ project in Bhubaneswar on 5
November 2018.The project is implemented by Bhubaneswar Smart City Limited
(BSCL).It will initially have 100 hotspots enabled locations with 275 access
points.One wi-fi hotspot would be able to handle 150 users at a given point of
timeBSCL is a Special Purpose Vehicle incorporated by Odisha Government.
6. Mo bus’
service launched in Odisha : Odisha Chief Minister Naveen
Patnaik launched the ‘Mo bus’ service in Bhubaneswar on 6 November
2018.The newly-launched buses feature free Wi-Fi, CCTV surveillance, public
information display system and on board announcements.The bus service will come
up with ‘Mo Bus’ mobile app through which citizens can book their tickets and
also get to know the locations of the vehicle.
7. West
Bengal to observe ‘Rosogolla Day’ : The West Bengal government will
observe ‘Rosogolla Day’ on November 14.The day will be observed to
commemorate the first anniversary of the State’s famous sweet getting
Geographical Indication (GI) tag as ‘Bengal’s Rosogolla’.On 14 November 2017,
West Bengal got the GI tag for ‘Bengal’s Rosogolla’.The GI tag is a sign that
identifies a product as originating from a particular place.
INTERNATIONAL
UPDATES:
1. European
defence coalition launched in Paris : Defence ministers
from European countries met in Paris on 7 November 2018 and launched a
jointmilitary force known as the ‘European Intervention Initiative’
or EI2.The military force could rapidly be deployed in response to a conflict
or natural disaster.Germany, Spain, the Netherlands, Belgium, Denmark, Estonia,
Portugal, Britain and Finland are part of this initiative.
2. India
loses row over safeguard duty at WTO : India lost a major trade dispute
at the World Trade Organization (WTO) on 6 November 2018.A dispute settlement
panel upheld Japan’s complaint that India’s imposition of safeguard duty
on imports of hot-rolled steel flat products during September 2015 and March
2018 violated core global trade rules.Japan launched the dispute settlement
proceedings against India in 2017.
3. ASEAN
member countries offer concession : Several Asian member countries of
the proposed Regional Comprehensive Economic Partnership (RCEP) have offered
India a concession on the extent to which it needs to open up its markets.India can now open up 83% of its
market against the earlier 92%.The RCEP is a proposed trade agreement between
the ASEAN countries and the six free trade agreement partners.
4.
Tesla names new chair to replace Elon Musk : Electric
carmaker Tesla has appointed Robyn Denholm as the Chairman of the company’s
board of directors, replacing Elon Musk.She will also be leaving her role
as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications
company.She has been on the Tesla board as an independent director since
2014.Elon Musk will remain the Chief Executive Officer (CEO) of Tesla.
OTHER
UPDATES:
BANKING/FINANCE:
1. ECB norms for infra firms eased : The Reserve Bank of India has liberalised the norms
governing external commercial borrowings (ECBs) for infrastructure creation.
The minimum average maturity requirement for ECB in the infrastructure
sector has been reduced to three years from earlier five years.Additionally,
the average maturity requirement for mandatory hedging has been reduced to five
years from earlier ten years.
SCIENCE AND TECHNOLOGY:
1. Study finds that 3 moons orbit the Earth : A team of astronomers and physicists has
confirmed that the dust clouds orbit the Earth.These dust clouds move with
the Earth and Moon at a stable 4,00,000 kilometres from the Earth.The dust
clouds is also known as ‘Kordylewski’ clouds. The first glimpse of the
clouds was seen only in 1961 by Polish astronomer Kazimierz Kordylewski.