Current Affairs 10th & 11th November 2018
NATIONAL
- Indian Army inducted new artillery guns and equipment, including K9 Vajra and M777 howitzers, at Deolali artillery centre in Nashik, Maharashtra. The induction ceremony took place in the presence of Defence Minister Nirmala Sitharaman and Army chief General Bipin Rawat.
- India and Singapore have started the 25th edition of SIMBEX (Singapore-India Maritime Bilateral Exercise) off Andaman Sea and Bay of Bengal.
- Unemployment rate in the country rose to 6.9% in October, the highest in two years, according to a report by the Centre for Monitoring Indian Economy (CMIE). The estimated number of people employed during October 2018 was 397 million.
- The 25th edition of SIMBEX, an acronym for “Singapore-India Maritime Bilateral Exercise” started off of Andaman Sea and Bay of Bengal.
- The Meghalaya Government announced Rs378 crore investment in the second phase of the State’s flagship aquaculture mission aimed at cutting down fish imports into the hill State
INTERNATIONAL
- Vice President M Venkaiah Naidu is on a three-day visit to France. He inaugurated Indian War Memorial at Villers Guislain.
- 5th World Internet Conference (WIC), also known as the Wuzhen Summit, was held in Wuzhen, China.
BANKING & ECONOMY
- The Reserve Bank of India is likely to establish an ombudsman for digital payments by March 2019 to take the load off the increasing number of complaints currently being handled by the banking ombudsman.
- Reserve Bank of India cancelled the certificate of registrations of as many as 31 non-banking finance companies (NBFCs) for unspecified reasons.
- The Reserve Bank has liberalised the norms governing foreign borrowings for infrastructure creation “in consultation with the Government”. As per the notification, the minimum average maturity requirement for ECBs (external commercial borrowings) in the infrastructure space raised by eligible borrowers has been reduced to three years from earlier five years.
- United Nations World Food Programme (WFP) and Chinese e-commerce giant Alibaba Group have formed a strategic partnership to support efforts eliminate hunger globally by 2030.
AWARDS
- Ayodhya Deepostav 2018, an event organised to mark Diwali celebrations in Ayodhya town – has entered Guinness Book of World Records.
- Arunima Sinha, the Indian mountaineer who became the world’s first woman amputee to climb Mount Everest in 2013, has been awarded an honorary doctorate by a prestigious UK university for her inspirational achievements.
APPOINTMENTS
SPORTS
- Star Indian wrestler Bajrang Punia touched a new high in his career by achieving the number one rank in the world in the 65kg category. The 24-year-old Bajrang was placed atop the ranking table with 96 points in the UWW list.
