Current Affairs Update – 14 November, 2017



Hello and welcome to exampundit. Here are the Important Current Affairs of 14 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.

Banking & Financial
News
Union Government launches
National Power Portal for dissemination of power sector information

  • RK Singh, Minister of State for
    Power and New & Renewable Energy, on 14 November 2017 launched the National
    Power Portal (NPP) for collation and dissemination of Indian power sector
    information. The portal can be accessed at http://npp.gov.in.
  • The stakeholders of NPP are
    Ministry of Power (MoP), CEA, PFC for Integrated Power Development Scheme
    (IPDS), REC for Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), other power
    sector utilities in government as well as private sector and other government
    organizations.
Highlights of National Power Portal

  • NPP is a centralised system for
    Indian Power Sector that facilitates online data capture and input from
    generation, transmission and distribution utilities.
  • The Nodal Agency for
    implementation of NPP and its operational control is Central Electricity
    Authority (CEA).
  • The system has been
    conceptualized, designed and developed by National Informatics Centre (NIC).
  • It enables dissemination of Power
    Sector Information related to operation, capacity, demand, supply and
    consumption through analysed reports, graphs, statistics for central, state and
    private sector.
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India’s 1st Tribal
Entrepreneurship Summit begins in Chhattisgarh

  • India’s first Tribal
    Entrepreneurship Summit began in Dantewada, a district in the Bastar region of
    Chhattisgarh on 14 November 2017.
  • The event has been organized by
    NITI Aayog in partnership with the government of United States of America. The
    event is a part of 8th Global Entrepreneurship Summit being held in India.
  • The summit has been organised
    mainly with the motive to inspire, nurture and promote the spirit of
    entrepreneurship in tribal youth. This ensures yet another step towards
    tribal-centric sustainable and inclusive development.
  • The summit will see the participation
    of tribal entrepreneurs from various sectors across the country and abroad.
    Several eminent speakers from NITI Aayog, health and agri-pharma sectors will
    also be speaking at the summit.
  • Overall, it not only provides a
    platform for the tribal youth but also addresses the issues faced by the tribal
    community in practical and progressive ways.
India to be third largest economy
by 2028, says report

  • India is likely to achieve strong
    growth over the next decade and emerge as the world’s third-largest economy,
    overtaking Japan in nominal GDP by 2028, says a report titled ‘India 2028’ by Bank
    of America Merrill Lynch.
  • India has already overtaken
    Brazil and Russia to emerge as the second largest BRICS economy after China and
    is expected to soon overtake France and Britain to emerge as the world’s fifth
    largest economy after Germany by 2019.
  • The report read, “We see India
    crossing Germany and Japan in nominal GDP in dollar term by 2028. This assumes
    that the Indian economy grows at 10 per cent (in nominal US GDP) in the next
    decade, well ahead of Japans 1.6 per cent.”
  • The American brokerage has
    conservatively projected the country’s real GDP growth at 7 per cent potential.
India, Philippines sign four
agreements to strengthen bilateral ties

  • India and the Philippines on 13
    November 2017 signed four agreements to enhance cooperation in various fields
    including defence and foreign services. The agreements were signed following
    the PM Narendra Modi bilateral meeting with the Philippines President Rodrigo Duterte.
  • These four agreements cover areas
    of defence, agriculture, small and medium enterprises and tie-up between think-tanks
    of both the countries.
  • The agreements were signed during
    PM Modi three-day visit to Manila, the Philippines to attend the 15th India-Association
    of Southeast Asian Nations (ASEAN) Summit and the 12th East Asia Summit.
  • This is the second visit by
    Indian PM to the Philippines in 36 years after the visit of then Prime Minister
    Indira Gandhi in 1981. Earlier in 2007, then Prime Minister Manmohan Singh had
    visited Philippines for the ASEAN summit.
News related to India & states
Rosogulla gets GI status and it
goes to Bengal

  • There is good news for Rosogulla
    lover people spread all over the world. The controversy over the past several
    years has now been resolved between the West Bengal and the Odisha Government
    over its claim on Rosogulla.
  • West Bengal on 14th November 2017
    won the long bitter battle over Rosogulla as Geographical Indications (GI), a
    Chennai-based Registry announced that one of India’s signature sweets originated
    in the state and not Odisha.
  • Bengal and Odisha have been
    locked in a bitter fight over the GI registration of Rosogulla since 2015.
  • The West Bengal claim was on the
    basis of historical facts that Bengal is the father of Rosogulla. It is
    believed that Naveen Chandra Das, the famous sweets maker of Bengal, invented Rosogulla
    before the year 1868. This matter came to the headlines when the Odisha
    government talked of getting Geographical Identity (GI) tag for Rosogulla.
  • However, Odisha had claimed that
    600 years ago they had Rosogulla. The government also added the basis of Lord
    Jagannath’s bhog Kheer Mohan with the basis of this foundation. Against this
    claim of Odisha, the West Bengal Government had thought of knocking the court’s
    door.
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India’s first-ever ‘Air
Dispensary’ to be set up in Northeast

  • India’s first-ever ‘Air
    Dispensary’ based in a helicopter is set to come up in the northeast. The Union
    Ministry of Development of Northeast (DoNER) has already contributed Rs 25
    crore as part of the initial funding for the initiative.
  • The information was shared by
    DoNER Minister Jitendra Singh on 12 November 2017 after a meeting with the
    representatives of Aviation Sector and helicopter service/Pawan Hans.
  • Speaking further on the occasion,
    the Minister said that the DoNER Ministry had been exploring the idea of
    introducing a helicopter based Dispensary/OPD service in far-flung and remote
    areas, where no doctor or medical facility was available and the patient, in
    need, also did not have any access to any medical care.
  • He said that the Ministry had
    submitted a proposal in this regard, which was accepted and is now in the final
    stages of the process in the Union Ministry of Civil Aviation.
  • The experiment once implemented
    in the Northeast may later be followed in other hill states having difficult
    terrains such as Jammu and Kashmir and Himachal Pradesh.
World News
10th South Asia Economic Summit
begins in Kathmandu

  • The 10th South Asia Economic
    Summit (SAES) began in Kathmandu, Nepal on 14 November 2017 with the theme
    “Deepening Economic Integration for Inclusive and Sustainable Development
    in South Asia”.
  • The three-day summit is being
    organised by National Planning Commission and Ministry of Commerce of Nepal and
    South Asia Watch on Trade, Economics and Environment (SAWTEE), Nepal. It was
    inaugurated by Nepal’s Prime Minister Sher Bahadur Deuba.
  • The summit aims to identify and
    prioritise opportunities and challenges in deepening regional economic
    integration to serve the goals of inclusive and sustainable development in
    South Asia.
  • It is expected to witness
    participation from 200 dignitaries including ministers, member of parliaments,
    former MPs, ambassadors, government officials, researchers, eminent experts and
    thinkers.
Days
World Diabetes Day 2017 observed
globally

  • The World Diabetes Day was
    observed globally on 14 November 2017 with the theme ‘Women and diabetes – Our
    right to a healthy future’.
  • Currently, there are over 199
    million women living with diabetes and this total is projected to increase to
    313 million by 2040. Diabetes is the ninth leading cause of death in women
    globally, causing 2.1 million deaths each year.
  • Two out of every five women with
    diabetes are of reproductive age, accounting for over 60 million women
    worldwide. Women with diabetes have more difficulty conceiving and may have
    poor pregnancy outcomes.
  • The World Diabetes Day 2017 theme
    aims to promote affordable access to the essential diabetes medicines and
    technologies for all women with diabetes to achieve optimal diabetes outcomes
    and strengthen their capacity to prevent type 2 diabetes.
Resignations
Sujoy Ghosh resigns as Jury Head
of 48th International Film Festival of India

  • Filmmaker Sujoy Ghosh on 14
    November 2017 resigned as Head of the jury of the Indian Panorama of the 48th
    International Film Festival of India (IIFI).
  • His resignation came following
    the elimination of the  two films
    “Sexy Durga” and “Nude” from the final list of films.
    Instead of Nude, the Hindi movie Pihu by Vinod Kapri was finalised as the
    opening film of the festival.
  • The 13-member jury, led by Sujoy
    Ghosh, included both the movies in their recommended list, but these two movies
    did not find their way in the list passed by the Union Ministry of Information
    and Broadcasting.
  • Few other members of the jury are
    Nishikant Kamat, Nikkhil Advani, Apurva Asrani, Ruchi Narain and Gyan Correa,
    who also have expressed their dissent over the ministry’s move.

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