Current Affairs Update – 9 November, 2017



Hello and welcome to exampundit. Here are the Important Current Affairs of 9 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.

Financial & Banking News
Linking of Aadhaar with insurance
policy mandatory: IRDAI

  • Insurance Regulatory and
    Development Authority of India (IRDAI) on 8 November 2017 announced that the
    linkage of Aadhaar number with insurance policies is mandatory under the
    Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules,
    2017.
  • In June 2017, the Union
    Government notified the Prevention of Money Laundering (Maintenance of Records)
    Second Amendment Rules, 2017.
  • The Rules make Aadhaar and
    PAN/Form 60 mandatory for availing financial services including insurance and
    also for linking the existing policies with the same.
  • At present, there are 24 life
    insurance companies and 33 general insurers (including standalone health
    insurance firms) operating in the country.
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RBI to launch public awareness
campaign through text messages

  • The Reserve Bank of India would
    soon be launching a new public awareness campaign through text messages to
    educate public about various banking regulations and available facilities.
  • The institution first plans to
    send messages to people, cautioning them against falling victim to unsolicited
    and fictitious offers received through emails, SMSes and phone calls. The
    warning would be sent out from ‘RBISAY’ sender id.
  • Previously as well, the apex bank
    has sent out alerts through press releases from time to time to warn the public
    against such offers.
  • However, this would be the first
    time that the institution would be using the same form of media -SMS and
    emails, like those used by the fraudsters.
  • The institution has also set up a
    helpline, through which the public can get more information on fake calls and
    emails as well as on investing wisely and cautiously in chit funds. They just
    need to give a missed call on 86919-60000 and the information will be provided
    to them through Interactive Voice Response System (IVRS).
  • The public can also send their
    feedback on the campaign by email.
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News related to India &
states
Facebook to introduce disaster
response tools in India

  • Social media giant, Facebook has
    teamed up with the National Disaster Management Authority (NDMA) and an Indian
    non-profit body – SEEDS- to offer tools to these agencies in an attempt to help
    them respond more effectively to natural disasters.
  • Facebook would be bringing in
    disaster maps that would illustrate aspects such as movement of people and
    concentration of Facebook users in a particular area before and after a
    calamity.
  • According to Ritesh Mehta,
    Facebook Head of Programs of India, South and Central Asia, the intention
    behind introducing the initiatives is to help improve response efforts to
    natural disasters in India. He added saying that before and after any crisis,
    the response organisations require accurate information to help the communities
    to respond, recover and rebuild.
  • He continued by saying that the
    traditional communication channels are often offline and due to that it can
    significant time and resources to understand where help is desperately needed.
  • However, through the medium of
    Facebook, in case there is an area that has a high concentration of Facebook
    users that suddenly goes offline, even that data insight can be used to rush
    services to the area.
  • The Disaster Maps tool was
    introduced globally in June 2017. It uses aggregated location information that
    users have chosen to share with Facebook. These tools have already been
    deployed in Peru and the US.
Awards & Honors
Chennai included in UNESCO’s
Creative Cities Network for contribution in Music

  • Chennai was on 31 October 2017
    included in the Creative Cities Network list of United Nations Educational,
    Scientific and Cultural Organisation (UNESCO) 
    for its rich musical tradition.
  • With this, Chennai became the
    third Indian city on the list of UNESCO Creative Cities list after Jaipur and
    Varanasi.
  • UNESCO Director-General Irina
    Bokova designated 64 cities from 44 countries as UNESCO Creative Cities.
  • These cities join a network of
    UNESCO’s effort to promote innovation and creativity for a more sustainable and
    inclusive urban development.
  • UNESCO Creative Cities Network
    List highlights its members’ creativity within seven fields:  Crafts and Folk Art, Design, Film,
    Gastronomy, Literature, Media Arts and Music. Presently, the list includes a
    total of 180 cities in 72 countries.
World News
Morocco launches earth
observation satellite

  • Morocco on 7 November 2017
    successfully launched an earth observation satellite called “Mohammed VI-A”.
  • The satellite was launched by
    European consortium Arianespace’s Vega rocket from French Guyana Space Centre.
  • The Mohammed VI-A satellite is an
    Earth observation satellite built for Morocco by Thales Alenia Space as prime
    contractor and Airbus as co-prime.
  • The three-axis stabilized
    satellite weighed approximately 1,110 kg at launch.
  • It will be used for mapping and
    land surveying activities along with regional development and agricultural
    monitoring.
  • It will also be used for
    monitoring changes in the environment and desertification and in the prevention
    and management of natural disasters and for border and coastal surveillance.

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Regards

Team ExamPundit