Current Affairs Update – 15 November, 2017



Hello and welcome to exampundit. Here are the Important Current Affairs of 15 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.

Financial and Banking News
Union Government launches
BHARAT-22 Exchange Traded Fund

  • The Union Government on 14
    November 2017 launched the BHARAT-22 Exchange Traded Fund (ETF) managed by
    ICICI Prudential Mutual Fund targeting an initial amount of Rs 8000 crore.
  • This new fund offer is open to
    public till 17 November 2017.
  •  In this ETF, the Retirement Fund has been made
    by separate category of Investors.
  • In case of overflow of funds,
    additional portion will be allocated with preference to retail and retirement
    funds. There is a 3 per cent discount across the board.
  • The strength of this fund lies in
    the S&P BSE BHARAT-22 INDEX, a specially created Index which includes
    shares of key CPSEs, Public Sector Banks and also the Government owned shares
    in blue chip private companies like Larsen & Tubro (L&T), Axis Bank and
    ITC.
  • The shares of the government
    companies represent 6 core sectors of the economy – Finance, Industry, Energy,
    Utilities, Fast Moving Consumer Goods (FMCG) and Basic Materials.
  • The Sector and Stock exposure
    limits will help in risk management and will provide stability to this
    diversified Index.
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Railways Ministry launches
comprehensive training programme ‘Project Saksham’

  • Union Minister of Railways &
    Coal Piyush Goyal on 14 November 2017 released a comprehensive training
    programme named as “Project Saksham” for imparting training to all employees of
    Indian Railways with a view to upgrade their skill and knowledge.
  • The focus of this week-long
    training is to boost productivity and efficiency.
  • Under ‘Project Saksham’, all
    employees in each zone will be given a week-long training in skills and knowledge
    relevant to their work area for over next one year.
  • General Managers will prioritise
    the training need for each category of employees based on the needs of
    respective zone.
  • Identification of training needs
    and formulation of planned training calendar will be completed by 31 December
    2017, ensuring that each employee is imparted training.
  • With growing rail network, new
    trains, different high quality services designed by the Indian Railways, it is
    imperative that the railway employees undergo proper training to deliver
    superior and safe rail services.
  • This training will either be on
    the job training or classroom training in Railway Training Centre, depending on
    the nature of training.
  • The reporting managers of the
    employees receiving training will be actively involved in the Pre-training and
    post training process to ensure that the benefits of training get reflected on
    the job performance.
  • The training will be completed
    within 9 months and each zone will devise a few metrics to monitor the impact
    of Project Saksham.
News related to India & states
Google Doodle celebrates 151st
Birthday of Cornelia Sorabji, India’s first female advocate

  • Google Doodle on 15 November 2017
    honoured Cornelia Sorabji, India’s first female advocate, on her 151st
    Birthday. Sorabji was the first woman to graduate in law from India in 1892 and
    was the first Indian citizen to attend a British University.
  • Jasjyot Singh Hans created the
    Google doodle with Sorabji in front of the Allahabad High Court, where she
    started her career as pleader.
  • All over again, Cornelia appeared
    for LLB examination in Bombay University with an aim to obtain a law degree.
    She became the first woman graduate of Bombay University.
  • In 1899, she cleared the pleader
    examination in Allahabad High Court but she was not acknowledged as a
    barrister.
  • In 1923, colonial courts allowed
    women advocates to present their cases. Following this, Cornelia began
    practicing in Kolkata in 1924.
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Japan to relax visa rules for
Indians from 1 January

  • Japan will relax its visa rules
    for Indians from 1 January 2018 and issue multiple- entry-visa for short-term
    stay.
  • The move is expected to benefit
    tourists and business persons as well as repeat visitors. The relaxed visa
    regime will not only have simplification of visa application documents but also
    expansion of scope of eligible applicants.
  • Under the simplification of visa
    application documents, the applicant’s employment certificate and explanation
    letter stating the reason will be exempted in cases of applying for
    multiple-entry-visa.
Joint Training Doctrine Indian
Armed Forces 2017 released

  • The Chief of the Naval Staff
    Admiral Sunil Lanba on 14 November 2017 released ‘Joint Training Doctrine
    Indian Armed Forces 2017’.
  • It is for the first time in the
    history of the Armed Forces that Joint Training Doctrine has been publicized.
  • The aim of the Doctrine is to
    promote synergy and integration amongst the three Services- Army, Navy and Air
    force for enhanced efficiency and optimum utilisation of resources.
  • It brings out the approach
    towards joint training at macro-level, fundamentals, objectives, joint
    structures, planning, organisation amongst other aspects presently in use in
    the Armed Forces.
  • It includes ‘Joint Training’ as a
    leverage for promoting diplomacy and for highlighting Civil – Military
    interface issues.
Awards & Honors
President Ram Nath Kovind gives
away National Child Awards 2017

  • The President of India, Ram Nath
    Kovind, gave away the National Child Awards at Rashtrapati Bhavan, New Delhi on
    14 November 2017, on the occasion of Children’s Day.
  • The awards include the National
    Child Awards for Exceptional Achievement, National Awards for Child Welfare and
    Rajiv Gandhi Manav Seva Awards.
  • National Child Awards for
    Exceptional Achievement give recognition to children with exceptional abilities
    and outstanding achievements in the fields of innovation, scholastic
    achievements, sports, arts, culture, social service and music.
  • National Awards for Child Welfare
    recognise the outstanding work of institutions and individuals in the field of
    child development and welfare.
  • Rajiv Gandhi Manav Seva Awards
    are conferred to individuals for their outstanding contribution towards service
    for children, including children with disabilities.        
World News
China launches world’s first fully
electric cargo ship

  • China on 14 November 2017
    launched world’s first fully electric cargo ship in Guangzhou, the capital of
    Guangdong province. This 2000-metric-ton ship is the first in the world to use
    lithium battery.
  • The ship was manufactured by the
    Guangzhou Shipyard International Company Ltd. The ship is presently running in
    the inland section of the Pearl River.
  • The ship can run 80 kilometers
    after being charged for two hours.
  • The ship is 70.5 meters long and
    has battery energy of about 2400 kilowatt hours which is the same energy of 40
    new energy cars.
  • Its highest speed is 12.8
    kilometers per hour, and there is zero emission of waste gas pollutants.
  • The ship will be mainly used to
    run in the inland section of the Pearl River for carrying coal for the
    generation of electric power.
  • This all-electric cargo vessel
    will help in reducing the shipping costs for electric power operators. The main
    cost of this ship depends on how much lithium battery it is equipped with.

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