Current Affairs Update – 13 November, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs of 13 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.

Banking & Financial
Union Government set to launch
BharatNet phase 2 project

  • The Union Government would be
    launching its second and final phase of BharatNet project on 13 November 2017
    to provide high-speed broadband service in all Gram Panchayats by March 2019.
    It will be implemented at an outlay of around Rs 34000 crores.
  • Telecom Minister Manoj Sinha, Law
    and IT Minister Ravi Shankar Prasad and Human Resource Development Minister
    Prakash Javadekar would be launching the project at the National Conference in
    New Delhi.
  • The telecom ministry would also
    be signing agreements with seven states — Maharashtra, Gujarat, Chhattisgarh,
    Andhra Pradesh, Telangana, Tamil Nadu and Jharkhand — which will roll out the
    project on their own with partial funding from the central government.
  • The conference would see
    participation from Information and Technology Ministers, state secretaries and
    service providers.

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Key Highlights

  • Under phase 2, the government
    aims to provide broadband connectivity in the remaining 1.5 lakh Gram
    Panchayats through 1 million km of additional optical fibre.
  • For the same, the government
    would be providing bandwidth to telecom companies such as Bharti Airtel,
    Vodafone India, Idea Cellular and Reliance Jio at 75 per cent lower rate to set
    up broadband and Wi-Fi services in the rural areas.
  • BSNL will roll out optical fibre
    in yet to be covered locations of eight states including Assam, Haryana, Madhya
    Pradesh, Rajasthan, Uttar Pradesh, West Bengal, Jammu and Kashmir and Sikkim.
  • Power Grid Corporation of India
    has been awarded contract for three states including Himachal Pradesh,
    Uttarakhand and Odisha.
  • India at present has 38,000 wifi
    hotspots. Under BharatNet phase 2, around 6-7 lakh wifi hotspots will be added
    with 2-5 hotpsots in each panchayats.
  • Some of the wifi hotspots may not
    be commercially viable initially. So, in such cases the government will provide
    viability gap funding of around Rs 3,600 crore to telecom operators.
  • BharatNet Phase 1, under which
    one lakh Gram Panchayat were to be connected, will be completed by the end of
    this year.

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Crisil, Sidbi tie up to launch
MSME sentiment index CriSidEx

  • SIDBI (Small Industries Development
    Bank of India) and ratings agency Crisil on Monday signed a memorandum of
    understanding (MoU) to launch ‘CriSidEx’, a business sentiment index for micro,
    small and medium enterprises (MSMEs) that will indicate the current state and
    expected outlook on the MSME sector every quarter.
  • The ‘Sentiment Index’ is expected
    to provide crucial insights into employment, business environment and foreign
  • “Data on MSMEs comes with a
    significant lag, so there is no way to regularly aggregate and assess the ground
    situation amongst wide range of disparate enterprises spread across
    India,” Crisil and SIDBI said.
  • Every quarter, the CriSidEx
    survey will cover over 1,000 MSMEs using a structured questionnaire to ensure
    consistency in methodology and capture information sans significant deviations.
    The sample will have representation based on size, geography and nature of
    business and across different legal entities.
News related to India & states
Youth Affairs Minister releases
India Youth Development Index and Report 2017

  • Union Minister of State for Youth
    Affairs and Sports (Independent Charge) Rajyavardhan Rathore released the India
    Youth Development Index (YDI) and Report 2017 in New Delhi on 13 November 2017.
  • The index has been developed by the
    Rajiv Gandhi National Institute of Youth Development (RGNIYD) in Tamil Nadu.
    The main aim behind constructing the index is to track the trends in Youth
    Development across the states.
Key Highlights

  • The index will help recognise the
    high and low performing states, indentify the weak domains and inform the
    policy makers about the priority areas of intervention for youth development in
    the states.
  • The construction of the index was
    done using the latest definition of youth as used in National Youth Policy –
    2014 (India) and World Youth Development Report of Commonwealth (15 – 29 years)
    as well as using the Commonwealth Indicators in order to facilitate Global
  • In the India Youth Development
    Index 2017, the first five dimensions are retained same as that of Global YDI.
WCD Ministry to host ‘Hausala
2017’ to celebrate Child Rights Week

  • The Ministry of Women and Child
    Development would be celebrating the Child Rights Week by hosting ‘Hausala
    2017’ festival from 16-20 November 2017.
  • The festival will be hosted by
    the Ministry as an Inter CCI Festival for the children who reside in Child Care
    Institutions (CCIs). The week was chosen as the nation celebrates the
    Children’s Day on 14 November and the International Child Rights Day is celebrated
    annually on 20 November.
  • The week-long festival will
    provide an occasion to showcase the talents of children from various child care
    institutions across the country and provide them with a space to express their
    dreams and aspirations.
  • The children will be
    participating in various events including Bal Sansad, painting competition,
    athletics meet, football, chess competition and speech writing.


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