Current Affairs Update – 8 November, 2017



Hello and welcome to exampundit. Here are the Important Current Affairs of 8 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.

Financial & Banking
News
Union Government launches Coal
India’s ‘Grahak Sadak Koyla Vitaran’ App

  • Union Minister of Railways and
    Coal Piyush Goyal on 7 November 2017 launched ‘Grahak Sadak Koyla Vitaran App’
    benefitting customers of Coal India Limited (CIL) for smooth coal delivery by
    road.
  • The customer friendly app will
    help in achieving transparency in transmit operations.
  • The app will monitor whether the
    dispatches are made on the fair principle of ‘First in First Out’ basis.
  • It will keep a track on all the
    activities from issuance of Sale Order to physical delivery of coal by road.
  • The main benefits of the App for
    the customers include easy accessibility of the information at the click of the
    button.
  • It will help in logistics
    planning for lifting of coal and will also help in planning the procurement,
    production and stock management by the customers.
  • It will provide date-wise,
    truck-wise quantity of coal delivered against the Sale Orders and information
    related to Scheme-wise, Colliery-wise, Grade-wise, customer-wise details of
    Sale Orders.

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India, World Bank sign USD 119
Million loan agreement for OHEPEE Project

  • India and World Bank on 7
    November 2017 signed a financing agreement for loan of USD 119 million for the
    Odisha Higher Education Programme for Excellence & Equity (OHEPEE) Project.
  • The loan will be provided by the
    International Bank for Reconstruction and Development (IBRD), subsidiary of
    World Bank.
  • The Financing Agreement was
    signed by Sameer Kumar Khare, Joint Secretary in Department of Economic Affairs
    and Hisham A Abdo Kahin, Acting Country Director of World Bank (India).
  • While, the OHEPEE Project
    Agreement was signed by GVV Sarma, Additional Chief Secretary of Department of
    Higher Education, Odisha and Hisham A. Abdo Kahin, Acting Country Director of
    World Bank.
  • The objective of the project is
    to improve the quality of students equitable access to selected institutions in
    Odisha through Institutional Development Plan (IDP) Grants.
  • It will enhance governance of the
    higher education system by improving governance in colleges and through
    improvement of financial and procurement management in all government and
    government-aided colleges.
  • The project is expected to be
    completed by 30 November 2022.
Paytm introduces BHIM UPI
payments on its platform

  • Mobile payments platform Paytm on
    6 November 2017 introduced payments using BHIM UPI (Unified Payments Interface)
    on its platform.
  • The BHIM UPI platform allows
    users to create their own Paytm BHIM UPI ID on the app and link any of their
    savings bank account with this unique ID and begin with sending and accepting
    money. 
  • The Paytm BHIM UPI ID will be
    issued by Paytm payments bank.
  • Paytm BHIM UPI IDs will be
    accepted across all banks and BHIM UPI apps.
  • With Paytm BHIM UPI, one can now
    make instant money transfers directly between two bank accounts without adding
    beneficiary.
  • One would also not require the
    bank details or IFSC code to receive money through Paytm BHIM UPI.
  • As per the guidelines of National
    Payments Corporation of India (NPCI), users can send up to Rs 1 lakh in a
    single day using BHIM UPI. However, there is no receiving limit.
  • Paytm BHIM UPI is currently
    available in Paytm Android app and will soon be available on iOS as well.
News related to India & states
The 20th International Children’s
Film Festival begins in India

  • International Children’s Film
    Festival India (ICFFI), popularly known as the Golden Elephant began in
    Hyderabad, Telangana on 8 November 2017. The festival would conclude on the
    occasion of Children’s Day on 14 November.
  • The global festival, which is
    held every two years, strives to bring the most imaginative cinema including
    both national and international to the young audiences in India.
  • The festival would witness
    participation from over hundred thousand children and hundreds of film
    professionals and eminent guests from around the world.
  • It would include screening of
    features, short films and animation films during its span of seven days.
  • The selected films would be
    screened across the State, including 13 screens in the city.
  • It would also include conferral
    of awards to the best film in different categories, which would be decided by
    both adult and child jury.
  • The festival aims to help boost
    creativity among children.
  • The children would get to watch
    high quality children’s films that they might not have been exposed to
    otherwise.
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DRDO conducts successful flight
trial of ‘NIRBHAY’ Cruise Missile

  • The Defence Research and
    Development Organisation (DRDO) on 7 November 2017 conducted the successful
    test flight of ‘NIRBHAY’, India’s first indigenously designed and developed
    Long Range Sub-Sonic Cruise Missile.
  • The missile cruised for a total
    time duration of 50 minutes, achieving the range of 647 km. The missile was
    tracked with the help of ground based radars.
  • It was successfully test fired
    from the Integrated Test Range (ITR), Chandipur, Odisha. This was the fifth
    experimental test of the missile system.
World News
China unveils Asia’s largest
island-building vessel

  • China on 3 November 2017 launched
    a massive ship, which is being referred as Asia’s largest dredging vessel, at a
    port in eastern Jiangsu province.
  • The vessel described as a ‘magic
    island maker’ is capable of building artificial islands.
  • Named Tian Kun Hao, the ship is
    capable of digging 6,000 cubic meters an hour, which is equivalent to three
    standard swimming pools.
  • It is a larger version of the one
    China used to dredge sand, mud and coral for transforming reefs and islets in
    the South China Sea into artificial islands capable of hosting military
    installations.
  • Its displacement is 17000 metric
    tons and the deck is 140-meter-long.
  • It can break underwater rocks and
    then suck out sand, water and mud and transfer the substance up to 15
    kilometres away.
Sports News
Asian Boxing Championship 2017:
MC Mary Kom wins Gold in 48 kg category

  • Indian boxer MC Mary Kom on 8
    November 2017 won the Gold Medal at the Asian Boxing Championship 2017 in 48 kg
    category.
  • Mary Kom defeated North Korea’s
    Hyang Mi Kim by 5-0 in the 48 kg category of the Asian Women’s Boxing
    Championship. She made her entry into the finals of the tournament on 7
    November 2017 after knocking out Japan’s Tsubasa Komura.
  • This was her fifth gold medal in
    the Asian Boxing Championship. In her entire boxing career, till now, Mary has
    won four gold and a silver in the Asian Boxing Championship.

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