Current Affairs Update – 20th November, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 20th November, 2015. These are Important for the upcoming Insurance AOs and Bank Exams.

• Kotak Mahindra General Insurance Company (Kotak General
  Insurance) announced it has been granted certificate of registration (R3) by
  Insurance Regulatory and Development Authority of India (IRDAI) to commence
  business as an Indian insurance company.
• The insurer has received permission to underwrite all
  classes of general insurance business (Including health insurance).
• Kotak General Insurance will initially focus on the retail
  side of the business comprising motor insurance, health Insurance, home Insurance
  and travel insurance.
• The company will soon expand into the commercial lines of
  business, which includes fire, burglary and marine among others. At inception,
  the general insurer has been capitalised at Rs 135 crore.
• In November 2014, Kotak Mahindra Bank had announced that it
  will foray into the general insurance business.

• Tata Consultancy Services (TCS), India’s largest software
  exporter, on 18 November 2015 launched a new Centre of Excellence (CoE) for
  Internet of Things (IoT) in collaboration with Intel.
• The CoE is located at the TCS campus in Hyderabad.

• Its focus is to integrate IoT solutions developed by TCS on
  Intel IoT platforms and to fast-track creation of end-to-end solutions.
• It will augment developing new use cases for various
  industries for global customers in manufacturing, retail, hi-tech,
  semiconductors, healthcare and telecom industries.

• The Enforcement Directorate (ED) has served a show-cause
  notice of regulatory foreign exchange rule violations involving Rs 2,030 crore
  against private broadcaster NDTV.
• The notice has been issued in a case being pursued under the
  Foreign Exchange Management Act (FEMA) since 2011.
• It has been alleged that NDTV did not follow the required
  rules and regulations in connection with companies set up in various countries,
  including the U.K., the Netherlands, Sweden and Mauritius.

• Senior JDU leader Nitish Kumar was sworn-in as Chief
  Minister of Bihar for the fifth time on 20 November 2015. The swearing-in
  ceremony was held at the Gandhi Maidan in Patna.
• Governor Ramnath Kovind administered the oath of office and
  secrecy to Nitish Kumar. He also administered the oath of the office to other
  council of ministers belonging to RJD, JD(U) and Congress parties.
• RJD president Lalu Prasad’s sons, first time MLA Tejaswi
  Prasad Yadav and Tej Pratap Yadav, were also sworn in.

• Direct-to-home (DTH) service provider Dish TV today
  appointed Arun Kumar Kapoor as its Chief Executive Officer (CEO) with effect
  from November 23.
• Kapoor has also been nominated as a ‘Key Managerial
  Personnel’ of the company under the applicable provisions of the Companies Act,
  2013 and Listing Agreement.
• Prior to joining Dish TV, Kapoor was the CEO of Raj
  Television handling subscription revenues of Zee and Turner channels.
• He also worked at major brands such as Pepsi, Gillette,
  Airtel and Hutch.

• 23rd Asia-Pacific Economic Cooperation (APEC) Economic
  Leaders Summit was held at Manila, Philippines from 18 November to 19 November
  2015. The summit was chaired by Philippines President Benigno S. Aquino III.
• The theme of the Summit was Building Inclusive Economies,
  Building a Better World. After the conclusion of the summit, the leaders from
  21 member-countries issued the 2015 Leaders Declaration titled Building
  Inclusive Economies, Building a Better World: A Vision for an Asia-Pacific
  Community
• Peru will chair APEC throughout 2016 and host the 24th APEC
  Economic Leaders’ Meeting.

• Egypt and Russia on 19 November 2015 signed an agreement to
  build a nuclear power plant in Egypt. As per the agreement, Russia will extend
  a loan to Egypt to cover the cost of construction.
• The plant is expected to be completed by 2022.

• The plant will be the first in Egypt and will be built at
  Dabaa in the North of the country.
• The project would involve the building of a third-generation
  plant with four reactors.
• Egypt will not bear the cost of building this plant. It will
  be paid back through the actual production of electricity that will be
  generated by this plant.

• Tennis champion-turned Hollywood filmmaker Ashok Amritraj on
  19 November 2015 was awarded with an honorary doctorate of Arts by the
  University of East London.
• Amritraj was honoured for promoting talented moviemakers
  from across the world, including India.
• Born on 22 February 1956 in Chennai, Amritraj started his
  career as a tennis player who represented India on an international level.
• He competed in doubles at Wimbledon and the US Open.

• The United Nations High Commissioner for Refugees (UNHCR)
  was on 19 November 2015 chosen for the Indira Gandhi Prize for Peace,
  Disarmament and Development for 2015.
• A decision in this regard was taken by the international
  jury of the prize, headed by Vice President of India Mohammad Hamid Ansari on
  the occasion of birth annniversary of Indira Gandhi.
• The UNHCR was chosen for the award in recognition of its
  immense contributions in assisting millions of refugees in their rehabilitation
  and resettlement.
• Its headquarters is in Geneva, Switzerland and operates in
  123 countries across the world.

• Maharashtra’s chess player Srishti Pandey on 18 November
  2015 clinched the second Indiana All India FIDE Rating Chess tournament.
• The tournament was organised by Nagpur Taluka Chess
  Association, which concluded at Dr Hedgewar Smarak Samiti Hall, Reshimbagh,
  Nagpur.
• Fourteen years old Pandey shared points with Avadh Chaitanya
  from Madhya Pradesh playing on the top board and ended with seven and half
  points each at the end of the ninth and last round of the Swiss-league
  tournament.

• Former Gujarat Governor Ram Krishna Trivedi died on 19
  November 2015 after prolonged illness in Lucknow. He was 94.
• Trivedi served, who served as the Chief Election
  Commissioner from 18 June 1982 to 31 December 1985, was the first person to
  introduce the voter ID cards in Indian Elections.
• Trivedi served Gujarat as its Governor from 26 February 1986
  to 2 May 1990.

Regards

Team ExamPundit

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