Current Affairs 28th November 2018

NATIONAL

The National Festival for Children of Child Care Institutions (CCIs)– “Hausla 2018” of the Ministry of Women and Child Development (MWCD) was inaugurated by the Secretary, Shri Rakesh Srivastava, in New Delhi.
India and China have signed a protocol to amend the Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.
The Centre and Asian Development Bank (ADB) has signed a 200 million dollar loan agreement to finance widening and upgrading of about 230 Kilometers State Highways in Bihar to all-weather standards with road safety features.

INTERNATIONAL

Romanian Foreign Minister Teodor Melescanu is on an official visit to India. External Affairs Minister Sushma Swaraj held delegation-level talks with her Romanian counterpart in New Delhi.

BANKING & ECONOMY

The Reserve Bank has relaxed norms for External Commercial Borrowings (ECBs) by reducing the mandatory hedging provision to 70% from the current 100%. The relaxed norms will apply to the ECBs with a maturity period between 3 and 5 years.

SPORTS

The 19th edition of the prestigious Laureus World Sports Awards will be held in Monaco on February 2019. Considered the ‘Oscars of sports’, the Laureus World Sports Awards celebrate global sporting achievements across the calendar year.

APPOINTMENTS

WhatsApp’s Chief Business Officer Neeraj Arora has resigned from the post after 7-years in the company. His exit comes seven months after WhatsApp co-founder Jan Koum left the company. Arora had been an integral part of WhatsApp since 2011 and played a vital role in the company’s acquisition by Facebook in 2014.
Sunil Arora has been appointed as the new Chief Election Commissioner of India. He succeeds Om Prakash Rawat. He will take over the top job on December 2. A former bureaucrat, Arora was appointed as Election Commissioner in August 2017.

OBITUARY

Italian filmmaker Bernardo Bertolucci, who won Oscars with “The Last Emperor” and whose erotic drama “Last Tango in Paris” enthralled and shocked the world, has passed away.