Current Affairs Update – 21 November, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs of 21 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.


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Banking & Financial
Govt set up 10-member Ajay Bhusan
Pandey panel to simplify returns

  • The government on Tuesday
    constituted a 10-member committee under GSTN chairman Ajay Bhushan Pandey to
    look into the requirements of filing returns in current financial year.
  • The committee, which has tax
    commissioners from the state of Gujarat, Karnataka, Punjab and Andhra Pradesh,
    will also suggest if modifications, including changes in rules, laws and
    format, are required in returns. It will submit the report by December 15.
  • As many as 40 per cent of the
    businesses filing returns on GST Network (GSTN) portal have nil tax liability.
  • The Goods and Services Tax (GST)
    Council had announced forming the committee on November 10 to suggest ways for
    simplification of the returns filing process.
  • It has also decided to keep in
    abeyancetill March 31the filing of GSTR-2 (purchase returns) and GSTR-3 (the
    matching of sales and purchase returns).
  • Now, businesses will have to file
    simplified initial GSTR-3B forms till March, along with sales returns GSTR-1.
YES Bank raises $400 mn loans
from Japan, Taiwan

  • Private sector lender YES Bank
    has raised $400 million in syndicated loans from lenders in Taiwan and Japan
    for on-lending to clients.
  • It exercised a greenshoe option
    to raise $250 million in a five-year commercial loan from 17 Taiwanese banks, a
    statement said. In Japan, it raised JPY 16.5 billion or $150 million from eight
    lenders in a one-year loan in a maiden transaction.
  • This borrowing will be used for
    on-lending through its international branch at GIFT City, Ahmedabad. Its
    overall foreign asset book had stood at $1.4 billion as of September.
  • This the second time the bank has
    raised money from Taiwan, after a $130 million loan from 10 banks last year, it
    said, adding that this year it had commitments of $355 million.
India signs USD 100 million loan
agreement with World Bank for Solar Parks Project

  • India on 20 November 2017 signed
    USD 100 million loan agreement with the World Bank for Shared Infrastructure
    for Solar Parks Project.
  • The USD 100 million loan
    agreement includes a IBRD Guarantee Agreement of USD 98 million and a Grant
    Agreement of USD 2 million.
  • The project agreement was signed
    by Sameer Kumar Khare, Joint Secretary in the Department of Economic Affairs,
    and by Hisham A Abdo, Acting Country Director of World Bank India.
  • While, the Loan Agreement was
    signed by K S Popli, Chairman and Managing Director of India Renewable Energy
    Development Agency Ltd. (IREDA) and Hisham A Abdo, Acting Country Director of
    World Bank India.
  • The project consists of two
    components- Shared Infrastructure for Solar Parks with an estimated total
    project cost of USD 100 million and the Technical Assistance of USD 2 million
    in CTF Grant.
  • The objective of the project is
    to increase solar generation capacity through establishment of large-scale
    parks in the country.
  • The project will help in
    establishing large-scale solar parks and will support the Union Government’s
    plan to install 100 Gigawatts (GW) of solar power, out of the total renewable
    energy target of 175 GW by 2022.
News related to India & states
India-Myanmar begin joint army
exercise IMBAX

  • The India-Myanmar Bilateral Army
    Exercise (IMBAX) began on 20 November 2017 at the Joint Warfare Centre at Umroi
    Cantonment, about 25 km from Shillong, capital of Meghalaya.
  • The week-long army warfare
    exercise is the first-ever one to be held in India. It is aimed at building and
    promoting closer relations with armies of the neighbouring countries. It will
    conclude on 25 November 2017.
  •  The exercise will see participation from a
    total of 15 officers from the Myanmar Army and 16 officers from the Indian
  • While Brigadier S Murugesan is
    leading the Indian delegation, Colonel Aung Kyaw Htun is leading the Myanmarese
  • The basic aim of the exercise is
    to learn bilaterally from both the nations.
  • India is a major contributor to
    peace keeping and has much varied experience in different peace-keeping
India, Russia ink deal to grant
visa-free entry to airline pilots, crew

  • India and Russia have agreed to
    implement the general declaration for visa-free entry of the crew of chartered
    and scheduled flights between the two countries.
  • A pact on the issue was signed
    recently by officials of the two countries, a home ministry official said
  • The agreement will facilitate
    visa-free entry, stay and exit of crew of aircraft of the designated airlines
    as well as other aircraft companies operating chartered and special flights in
    the respective territories on reciprocal basis.
  • According to official estimates,
    around 1,200 scheduled flights ply between India and Russia every year.
  • Moreover, about 1,100 Russian
    chartered flights arrive in India every year. A majority of them land in Goa
    with Russian tourists.
Nagaland, Andaman & Nicobar
Islands, Dadra & Nagar Haveli, Daman & Diu sign MoU under UDAY Scheme

  • The Union Government on 20
    November 2017 signed four Memorandum of Understanding (MoU)  respectively with the State of Nagaland and
    Union Territories (UTs) Andaman & Nicobar Islands, Dadra & Nagar Haveli
    and Daman & Diu under UDAY Scheme for operational improvements.
  • With the signing of these 4 four
    MoUs, a total of 27 states and 4 Union Territories have now joined the UDAY
    Scheme. The agreements were signed on the occasion of the second anniversary of
    Ujwal DISCOM Assurance Yojana (UDAY).
  • These four State and UTs joined
    the UDAY Scheme only for operational improvement and will not undergo financial
    restructuring under the scheme.
  • By joining the scheme, Nagaland will
    enjoy an overall net benefit of Rs 551 crores, Andaman & Nicobar will fetch
    Rs 18 crores, Dadra & Nagar Haveli will be benefitted by Rs 13 crores and
    Daman & Diu will gain Rs 10 crores.
  • These states and UTs will be
    benefitted through cheaper funds, reduction in AT&C and Transmission
    losses, interventions in energy efficiency during the period of turnaround.
International Seminar on Indian
Space Programme inaugurated in Delhi

  • The International Seminar on
    Indian Space Programme: ‘Trends and Opportunities for Industry’ was inaugurated
    in New Delhi on 20 November 2017.
  • The seminar was organised by
    Indian Space Research Organisation (ISRO), Antrix Corporation Limited (the
    commercial arm of ISRO) in coordination with Federation of Indian Chambers of
    Commerce and Industry (FICCI).
Main Objective
The objective of the two-day
conference was to:
Deliberate on the best practices.
Pursue ongoing discussion process to support further work of India’s Space
Facilitate arriving at a rational framework where in India’s Space Sector can
start expanding the domestic and global opportunities through enhanced
partnerships and collaborations.

  • The seminar mainly aims to
    highlight the achievements and major milestones of Indian Space Sector in
    recent past and the future programs and plans.
42nd International Congress of
Military Medicine begins

  • The 42nd World Congress of the
    International Committee of Military Medicine (ICMM) began on 19 November 2017.
    The congress was organised by the Armed Forces Medical Services (AFMS) under
    the aegis of the Ministry of Defence (MoD).
  • The theme of 42nd World Congress
    is ‘Military Medicine in Transition: Looking Ahead’.
  • The ICMM is an international
    inter-governmental organisation created in 1921 with its secretariat at
    Brussels in Belgium and currently has 112 nations as members.
  • The five-day event is being
    organised for the first time in India, and is the largest medical conference
    ever organised by the Armed Forces Medical Services.
  • Around 350-400 foreign delegates
    from 80 countries will be attending the event.
  • About 300 Indian delegates
    comprising Armed Forces Medical, Dental, Nursing and Veterinary Officers will
    be participating in it.

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Ira Joshi appointed director
general of Doordarshan News

  • Senior Officer of Indian
    Information Service Ira Joshi, who is currently serving as Director General of
    Press Information Bureau, was on Monday appointed as the Director General of
    Doordarshan News.
  • According to an order issued by
    the Ministry of Information and Broadcasting, Ghanshyam Goel, currently serving
    as DG, PIB also, was given the charge of DG, Directorate of Advertising and
    Visual Publicity (DAVP).
  • Mr Goel was given the charge in
    place of Esther Kar, who has been put on ‘Compulsory Wait,’ till further
    orders, the order added.
Indian-origin AIDS researcher
appointed UNAIDS spl ambassador

  • Acclaimed South African
    Indian-origin AIDS researcher Professor Quarraisha Abdool Karim has been appointed
    as a UNAIDS Special Ambassador for Adolescents and HIV.
  • Professor Abdool Karim is one of
    the world’s leading AIDS researchers and has made pioneering contributions to
    understanding the HIV epidemic among young people, especially among young women.
  • She is a strong advocate for the
    rights of people living with and affected by HIV.
  • In her new role as a UNAIDS
    Special Ambassador, Abdool Karim will focus on adolescents and HIV, while also
    championing the involvement of young women in science.
  • The Joint United Nations
    Programme on HIV/AIDS (UNAIDS) leads and inspires the world to achieve its
    shared vision of zero new HIV infections, zero discrimination and zero AIDS-
    related deaths.
India’s nominee Dalveer Bhandari re-elected to International Court of

  • India’s nominee Dalveer Bhandari
    was re-elected to the International Court of Justice (ICJ) on 21 November 2017.
  • Bhandari received 183-193 votes
    in the General Assembly and secured all the 15 votes in the Security Council
    after separate and simultaneous elections were held at the UN headquarters in
    New York.
  • Bhandari and Britain’s
    Christopher Greenwood were locked in a neck-to-neck fight for re-election to
    the ICJ. However, in a dramatic turn of events Britain withdrew its candidate
    from the race, thus paving the way for Bhandari’s re- election to the
    prestigious court.
  • Britain being the fifth permanent
    member of the Security Council was reported to have the support of the
    Council’s other permanent members including the US, Russia, France and China.
World Fisheries Day observed

  • World Fisheries day was
    celebrated across the world on 21 November 2017.
  • The day is celebrated annually by
    the fishing communities through rallies, workshops, public meetings, cultural
    programs, dramas, exhibition, music show and demonstrations to highlight the
    importance of maintaining the world’s fisheries.
  • The day aims to highlight the
    critical importance of water to human lives and the lives it sustains, both in
    and out of water.
  • It aims to address issues and
    problems resulting in the depletion of fish stocks and move towards finding


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