Current Affairs 6th November 2018

NATIONAL

During the visit of Vice President of India M Venkaiah Naidu, India has agreed for the deputation of experts in five fields to assist Zimbabwe. Around 6 agreements in various fields were signed in areas including Mining, Visa waiver, Broadcasting and Culture
The 18th Indian Ocean Rim Association (IORA) Council of Ministers Meeting was held in Durban, South Africa. Gen.(Dr.) VK Singh (Retd.), Minister of State for External Affairs, attended the IORA Council of Ministers Meeting.

BANKING & ECONOMY

In a first for India, HSBC Holdings Plc has executed a trade finance transaction using blockchain for an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) transaction substantially reduced the time taken for such deals.
The Reserve Bank of India (RBI) allowed banks to provide partial credit enhancement (PCE) to bonds issued by systemically important non-deposit taking non-banking financial companies (NBFCs) registered with the RBI and housing finance companies (HFCs) registered with the National Housing Bank.

SPORTS

In Badminton, Subhankar Dey has won the SaarLorLux Open at Saarbrucken in Germany
Simone Biles made history by picking up her record 13th career gold medal at the world gymnastics championships in Doha, Qatar.

OBITUARY

Vice-Admiral M.P. Awati (retd.), who commanded a naval unit of the Eastern Fleet in the 1971 India-Pakistan war and whose actions led to the destruction of an enemy submarine, passed away.