Current Affairs Update – 10th November, 2016

Hello and welcome to exampundit . Here are the important Current Affairs of 6th and 7th November, 2016. These are important for the upcoming IBPS PO Mains, IBPS Clerk Mains and RRB OS-I Mains exam 2016.

COLOR CODES:

• GREY HIGHLIGHTER – Very Important Current Affairs
• GREEN HIGHLIGHTER – Very Important for STOCK GK 

• City Union Bank (CUB) plans to
  deploy robots in its branches, becoming the first bank in the country to do so.
  Japan’s Soft Bank was the first to use a robot in banking operations.
• CUB’s Managing Director & CEO
  N Kamakodi said that the ‘CUB-Lakshmi’ humanoid is a pilot project to be
  deployed in the bank’s T Nagar branch in Chennai.
• Initially, the robot will answer
  generic banking related questions posed by customers. However, later it will be
  integrated with banking systems enabling transactions.
• The robot that has cost the bank
  around Rs 7-8 lakhs can save work for 3-4 persons and will be integrated with
  the bank’s automation process as well.
• In case the pilot project
  succeeds, CUB plans to deploy around 25 robots in its branches by end of this
  year. The robots are customised verisons of models develpoped by a French firm.

• The Union Ministry of Skill
  Development and Entrepreneurship (MSDE) on 9 November 2016 launched the Pradhan
  Mantri YUVA Yojana to boost up an ecosystem of entrepreneurship for young
  people.

• The scheme was launched for the
  time period of over five years (2016-17 to 2020-21) with a project cost of
  499.94 crore rupees.
• It will offer entrepreneurship
  education and training to around 7 lakh students in 5 years through 3050
  Institutes.
• It will also offer easy access to
  information and mentor network, credit and advocacy to build a way-out for the
  youngsters.
• The institutes under the Yojana
  include 2200 Institutes of Higher Learning (colleges, universities, and premier
  institutes), 300 schools, 500 ITIs and 50 Entrepreneurship Development Centres.
• These institutes will carry out
  the training through Massive Open Online Courses (MOOCs).

• The Ministry also unveiled  the guidelines for State Engagement under
  Pradhan Mantri Kaushal Vikas Yojana 2.0 (2016-2020). It allocated around  3000 crore rupees for the States to achieve
  its target of training 10 million people in over 4 years.
• It also launched the Lab
  Guidelines towards standardisation of lab equipment across skill development
  training centres in India.
• MSDE announced the
  institutionalisation of National Entrepreneurship awards for first generation
  achievers below 30 years for the very first time. The Entrepreneurship Awards
  will be given on 16 January 2017.

• Union Government on 9 November
  2016 announced that cash deposits above 2.5 lakh rupees threshold under the
  50-day window could attract tax plus a 200 percent penalty in case of income
  mismatch.
• It seems that the decision was
  taken to make sure that people would fail in converting their black money into
  the white one.
• The decision was announced by the
  Revenue Secretary Hashmukh Adhia.

• The ministry would be getting
  reports of all cash deposited, above a threshold of 2.5 lakh rupees in every
  account, during the period of 10 November to 30 December 2016.
• The tax department would do
  matching of this with income returns filed by the depositors and suitable
  action may follow.
• Any mismatch with income declared
  by the account holder will be treated as a case of tax evasion.
• Earlier, the Union Government on
  8 November 2016 allowed citizens to deposit in old currency of 500 rupees and
  1000 rupee denominations in their bank accounts. These banknotes were declared
  invalid.

• Global Rajasthan Agritech Meet
  (GRAM), a three-day international event, began in Jaipur on 9 November 2016.
  The main focus of the meet is to double the income of farmers through suitable
  technologies and agricultural activities.
• Australia, Netherland and Israel
  will be international partners of the meet. The representatives of these
  countries will share their new technology and agriculture activities with
  state’s farmers. Representatives of industry and foreign delegation are also
  participating in the meet.

• India’s first Liquefied Natural
  Gas (LNG) driven bus was launched on 8 November 2016 in Kerala.
• Union Petroleum and Natural Gas
  Minister Dharmendra Pradhan and Kerala Chief Minister Pinarayi Vijayan jointly
  flagged off the first pilot run of the eco-friendly bus on the sidelines of the
  fourth meeting of the Group of Ministers, set up by the Ministry of Road Transport
  and Highways.
• The LNG-driven bus was rolled out
  as part of the Union Government’s plans to use LNG.

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• Twitter India in partnership with
  non-profit data journalism initiative IndiaSpend have launched #Breathe, an
  independent and real-time air quality monitoring public service initiative on
  Twitter, the company said in a statement.
• Twitter said millions of Indians
  across 17 cities can now monitor the air quality they breathe with a single
  tweet.
• By tweeting #Breathe , people can
  access air quality levels in Agra, Ahmedabad, Allahabad, Bengaluru, Bhopal,
  Chandigarh, Dehradun, Delhi NCR, Gandhinagar, Kanpur, Lucknow, Mumbai, Pune,
  Patna, Raipur, Ranchi and Varanasi under the initiative.
• On tweeting, people will get an
  immediate visual auto-response tweet in the form of an infographic card with a
  measurement of the air quality — comprising air quality index, air quality
  levels, reading of particulate matter 2.5 and 10, along with the possible
  impact this air quality will have on health.
• #Breathe is a public service
  initiative aimed at leveraging technology to provide citizens, institutions,
  media and civil society organizations with real-time data to catalyze
  participative engagement within communities, municipalities, state and central
  government, Twitter added. With this hashtag service, the company aims to
  empower citizens by increasing public awareness about the alarming rise in air
  pollution levels across major cities in India. The pilot phase of this launch
  recorded 100,000 tweets for the month of April 2016.

• The 1st International
  Agro-biodiversity Congress that was held in New Delhi from 6 November to 9
  November 2016 concluded with adoption of Delhi Declaration on Agro-biodiversity
  Management. The event saw participation of 900 participants from 60 countries.
• During the Congress, the
  delegates of all countries discussed various aspects of access, conservation
  and use of the agro-biodiversity in 16 technical sessions, four satellites
  sessions, a gene-bank roundtable, a public forum, a farmers’ forum and poster sessions.

• Tata Sons Ltd on 9 November 2016
  announced the appointment of Ishaat Hussain as the Chairman of IT giant, Tata
  Consultancy Services (TCS) with immediate effect.  He will hold the position until the name of a
  new chairman is announced.
• The announcement was delivered to
  the company (TCS) through a letter dated 9 November 2016 from Tata Sons Ltd.
  Hussain succeeds Cyrus Mistry, who was ousted from the position on 23 October
  2016 by the board of Tata Sons Ltd. At that time, the board appointed Ratan
  Tata as the Interim Chairman of the group until another suitable candidate was
  chosen.

• California’s Attorney General
  Kamala Harris on 9 November 2016 became the first India-American to win the
  U.S. Senate seat from the state.
• Harris defeated fellow Democrat
  Loretta Sanchez from her own party. She is the first black woman elected to the
  upper chamber in more than two decades. She is also the sixth black individual
  to be elected to the U.S. Senate.
• Harris will replace Barbara Boxer
  who announced her retirement in 2014 after serving more than two decades in the
  Senate.

• Pramila Jayapal on 9 November
  2016 became the first Indian-American woman to be elected to the U.S. House of
  Representative. She won the Senate seat from state of Washington.
• Jayapal received 57 per cent of
  the votes from Washington State, leaving behind her rival Brady Walkinshaw who
  secured 43 per cent votes.

• The World Science Day for Peace
  and Development 2016 was observed on 10 November 2016 across the world. The
  theme for 2016 is Celebrating Science Centres and Science Museums.
• To mark the day, the United
  Nations Educational, Scientific and Cultural Organization (UNESCO) conducted
  several discussions, special campaigns, visits to science museums for school
  children, etc to raise awareness of benefits of science worldwide.
• For 2016, the theme Celebrating
  Science Centres and Science Museums is chosen to highlight the importance of
  science centres and museums for capacity building, for advocacy and to send
  strong messages about the importance of science for sustainable development.

Regards

Team ExamPundit