Current Affairs Update – 10 November, 2017



Hello and welcome to exampundit. Here are the Important Current Affairs of 10 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.

Banking & Financial
News
Skywalk, FOB among 5 projects
approved for funding through Urban Development Fund

  • Union Minister of state for
    Housing and Urban Affairs Hardeep Singh Puri on 9 November 2017 announced that
    the Skywalk and Foot Over Bridge (FoB) 
    at ITO are among the 5 projects approved for funding of Rs 643.58 crore
    through the Urban Development Fund by the Union Ministry of Housing & Urban
    Affairs.
  • The other projects include
    construction of flyovers, underpasses etc at Mahipalpur, Narela, ISBT Kashmiri
    Gate and Rani Jhansi Road.
  • The Skywalk and Foot Over Bridge
    project will be built at an intersection point with a metro station, the Tilak
    Bridge railway station and seven major arterial roads.
  • This will lead to easier
    inter-crossing of pedestrian as the vehicular traffic poses a potentially
    dangerous situation to the pedestrians.
  • This project will benefit the
    public at large who visit these offices along with the employees working in
    over 25 major offices located in the ITO area such as Police HQ, PWD HQ,
    Institute of Engineers, ICAI, Income Tax office, Central Excise, DDA, School of
    Planning and Architecture, GST office, etc.
  • The entire cost of Rs 54.34 crore
    of the project is being funded through Urban Development Fund (Rs 43.47 crore)
    and by DDA (Rs 10.87 crore).
  • The project is expected to be
    completed by March 2018.

Advertisement


(adsbygoogle = window.adsbygoogle || []).push({});

RBI directs banks to provide
doorstep banking facilities to senior citizens, differently-abled

  • The Reserve Bank of India on 9
    November 2017 asked banks to provide doorstep banking facilities to senior
    citizens who are more than 70 years of age and differently-abled persons by
    December 2017.
  • The apex bank has directed all
    the banks to provide basic banking services such as pick-up and delivery of
    cash, chequebooks and demand drafts, submission of Know Your Customer (KYC)
    documents and Life certificates at the residence of the senior citizens and
    specially-abled persons, including the visually-impaired.
  • The RBI notification in the same
    regard has advised the banks including small finance and payments banks to
    implement the instructions by 31 December 2017 in letter and spirit and give
    due publicity in their bank branches and websites.
  • The RBI has asked banks to
    provide a minimum of 25 cheque leaves every year for a savings bank account
    free of charge.
  • It also said that banks should
    not insist on physical presence of any customer including senior citizens and
    differently-abled persons for getting cheque books.
  • Banks have also been advised that
    a fully KYC compliant account should automatically be converted into a ‘Senior
    Citizen Account’ based on the date of birth available in the bank’s records.
  • The banks have also been asked to
    provide senior citizens and differently-abled persons Form 15G/H (related to
    tax deduction at source) once a year, preferably in April.      
Union Government revises House
Building Advance rules for government employees

  • The Union Government has revised
    the House Building Advance (HBA) rules for Central Government Employees
    incorporating the accepted recommendations of the 7th Pay Commission. 
Following are the salient features of the new rules:-

  • The total
    amount of advance that a central government employee can borrow from the
    government has been revised.  The
    employee can now borrow up to 34 months of the basic pay subject to a maximum
    of Rs. 25 lakhs (Rs. Twenty Five Lakhs only), or cost of the house/flat, or the
    amount according to repaying capacity, whichever is the least for new
    construction/purchase of new house/flat. The earlier limit for the same was
    only Rs 7.50 lakhs.
  • The HBA amount
    for expansion of the house has also been revised to a maximum of Rs.10 lakhs or
    34 months of basic pay or cost of the expansion of the house or amount
    according to repaying capacity, whichever is least. The earlier limit was Rs
    1.80 lakhs.
  • The cost
    ceiling limit of the house which an employee can construct/ purchase has been
    revised to Rs.1.00 crore with a provision of upward revision of 25 per cent in
    deserving cases. The earlier cost ceiling limit was Rs 30 lakhs.
  • If both the
    spouses are central government employees then, they are now eligible to take
    HBA either jointly, or separately. Earlier only one spouse was eligible for
    House Building Advance.
  • The new rules
    also include a provision for individuals migrating from home loans taken from
    Financial Institutions/ Banks to HBA, if they desire.
News related to India and states
Telangana Assembly passes bill on
prevention of dangerous activities

  • The state assembly of Telangana
    passed three key bills including one on prevention of dangerous activities.
  • The state assembly passed the
    Telangana Prevention of Dangerous Activities of Bootleggers, Dacoits, Drug
    Offenders, Goondas, Immoral traffic offenders and Land grabbers (Amendment)
    Bill, 2017.
  • The bill seeks replacement of the
    ordinance that the state government passed about 6 months ago. While the
    opposition alleged that the state government had failed in bringing down
    crimes, the government stated that illegal activities had come down after the
    ordinance had come into force.
  • Besides this, the assembly also
    passed the Telangana Road Development Corporation (Amendment) Bill, 2017 for
    development of roads and highways by securing funds from financial institutions
    and the Shops an Establishments (Amendment) Act, 2017.  The bill seeks to give instant licences to
    shops and commercial establishments as part of Ease of Doing Business.
Government to provide 100 foreign
students full scholarship to study Ayurveda

  • The Union government has
    announced that it would be providing full scholarship to 100 non-Indian
    students if they study Ayurveda, Yoga and Naturopathy, Unani, Siddha and
    Homoeopathy (Ayush) in any of the public institutions across India.
  • The announcement was made by
    Ayush Minister Sripad Naik who is on a three day visit to UAE to participate in
    the first ever International Ayush Conference and Exhibition in Dubai.
  • The main aim behind the
    initiative is to encourage and popularise the alternative system of medicine.
  • The details of the application
    process and scholarship will soon be available with the Indian missions abroad.
  • The 100 students can be from any
    country across the world.
  • For further promotion of the
    traditional system of medicine in the Middle East region, the Ayush ministry
    would be setting up an Ayush chair in Dubai in coordination with the Ministry
    of Health (MoH) of UAE.
World News
India re-elected as member of
UNESCO’s executive board

  • India was re-elected as the
    member of UNESCO’s executive board on 9 November 2017.
  • The election was held at the 39th
    session of the General Conference of the United Nations Educational, Scientific
    and Cultural Organisation in Paris. The executive board is the top decision-
    making body of the international organisation.
  • The General Conference consists
    of the representatives of the member states of the organisation.
  • It meets every two years and is
    attended by member states and associate members along with observers for
    non-member States, intergovernmental organisations and non- governmental
    organisations (NGOs).
Sponsored


(adsbygoogle = window.adsbygoogle || []).push({});

Awards & Honors
UNHCR to receive Mother Teresa
Award 2017 for social justice

  • The United Nations High
    Commission for Refugees (UNHCR) was on 9 November 2017 named as the recipient
    of Harmony Foundation’s Mother Teresa Memorial Award for Social Justice 2017
    for its exceptional work worldwide.
  • Harmony Foundation’s 2017 theme
    is ‘Compassion Beyond Borders’ and UNHCR efforts aptly fit into this theme.
  • UNHCR beautifully epitomizes the
    theme with heroism of its workers and volunteers who tirelessly work in crisis
    areas globally. The UNHCR provides humanitarian aid to innumerable people
    internally displaced by conflicts and helps stateless people all over the
    world.
  • The award will be presented to
    the UNHCR at a function on 10 December 2017 on the occasion of the celebrations
    of the unique legacy of Mother Teresa, popularly known as the ‘Saint of The
    Gutters’.
National Entrepreneurship Awards
2017 announced

  • The Union Ministry of Skill
    Development & Entrepreneurship (MSDE) on 9 November 2017 announced the
    National Entrepreneurship Awards 2017 to encourage a culture of entrepreneurship
    across the country.
  • This is the second edition of the
    National Entrepreneurship Awards (NEA). The awards were instituted by MSDE in
    2016.
  • This year, the awards saw
    participation from 2880 applicants, out of which 45 were shortlisted and
    finally 15 were announced as winners across defined categories.
  • The award includes a cash prize
    of Rs 5 lakh for enterprises and individuals and Rs 10 lakhs for organizations
    and institutes along with a certificate and trophy.

DOWNLOAD ALL THE NEWS AS PDF

Sponsored


(adsbygoogle = window.adsbygoogle || []).push({});

Regards

Team ExamPundit