Current Affairs Update – 26th November, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 26th November, 2015. These are Important for the upcoming Bank and Insurance Exams.

• Reserve Bank of India (RBI) has
  allowed foreign banks to deploy up to four expatriates for each branch opened
  in India and up to six expatriates for their head office functions.
• The banking regulator said this
  has been done to review its position since some foreign banks requested it to
  remove numerical restriction on engagement of expats.
• These banks had expressed
  concerns about the numerical restrictions in view of the operational
  difficulties faced by them in doing business in India.
• This move is expected to benefit
  and help foreign banks get global expertise for their Indian operations as
  well.
• However, the regulator clarified
  that the other instructions with regard to the posting of trainee officers and
  remittance facilities by the expatriate officers in Indian branches remain
  unchanged.

• State-run Union Bank of India
  today tied up with Maharashtra for over-the-counter (OTC) collection of taxes
  and receipts.
• The bank has integrated its core
  banking with the Maharashtra virtual treasury, GRAS (Government Receipt
  Accounting System), to facilitate OTC tax collection, which will provide one
  more mode of payment for convenience of tax payers and the state.
• It will give tax payers the
  convenience of payment at the branch through their account or by cash with
  online generation of challans and real time updation of records through GRAS.
• The state will also be benefited
  by having a hassle-free revenue collection, daily reconciliation, real-time update
  of records and providing easy reach to the tax payers.

• The global air transportation
  body on Thursday predicted that India will become the third-largest air
  passenger market by 2026.
• As per the International Air
  Transport Association’s (IATA) updated passenger growth forecast, India will
  displace Britain as the third-largest market by 2026.
• The forecast said China is
  expected to overtake the United States as the world’s largest passenger market
  by 2029.
• The forecast projected that
  globally total passenger numbers will reach seven billion by 2034 with a 3.8% average
  annual growth in demand taking 2014 as baseline year.
• Previously, IATA forecast that
  global air passenger count will reach 7.4 billion by 2034 based on a 4.1%
  average annual growth rate.
• The global air transportation
  body said that the revised result reflect a negative trend in the world economy
  which is expected to dampen demand for air transport, especially slower
  economic growth projections for China.

• India today successfully test-fired
  its indigenously developed nuclear capable Prithvi-II missile, which has a
  strike range of 350 km, as part of a user trial by the army.
• The missile test was carried out
  from a mobile launcher from launch complex-3 of the Integrated Test Range (ITR)
  at Chandipur near here at 1210 hrs.
• The surface-to-surface Prithvi-II
  missile is capable of carrying 500 kg to 1,000 kg of warheads and is thrusted
  by liquid propulsion twin engines. It uses advanced inertial guidance system
  with manoeuvring trajectory to hit its target.

• The National Milk Day (NMD) was
  on 26 November 2015 observed across India to mark 94th birth anniversary of the
  Father of the White Revolution Dr Verghese Kurien.
• The idea of observing National
  Milk Day was first mooted by Indian Dairy Association (IDA) in 2014 on the
  lines of World Milk Day that is observed on 1 June every year under the aegis
  of UN Food and Agriculture Organization (FAO).
• The first NMD was observed on 26
  November 2014 by all Indian diary sector majors including National Dairy
  Development Board (NDDB), IDA along with around 22 state level milk
  federations.
• Dr. Verghese Kurien is also known
  as the Milkman of India and the architect of Operation Flood, the idea that
  transformed India from a milk-deficit country into the world’s largest milk
  producer.
• He founded around 30 institutions
  of excellence (like AMUL, GCMMF, IRMA, NDDB) which are owned, managed by
  farmers and run by professionals.

• International Day for the
  Elimination of Violence Against Women was observed across the world on 25
  November 2015. The day is observed to raise awareness about violence against
  women and discuss solutions that would work for women community.
• The observance of the
  International Day for the Elimination of Violence Against Women will be marked
  by organisation of an event called Orange the world: End violence against women
  and girls across the world.
• The event is being organized
  under the UN Secretary General’s Campaign called UNiTE to End Violence against
  Women.

• Former Infosys chief financial
  officer Rajiv Bansal will join app-based taxi aggregator Ola in January 2016, a
  company statement said.
• Bansal, who has over 21 years
  experience, 16 of those in Infosys, will be part of Ola’s leadership team.
  Mitesh Shah, who is currently the CFO, will lead Strategic Finance Initiatives
  as part of Rajiv’s team, going forward, Ola said in a statement.

• Sunil Kanoria was on 25 November
  2015 appointed as the President of The Associated Chamber of Commerce and
  Industry of India (ASSOCHAM). Kanoria has succeeded Rana Kapoor, Yes Bank
  Managing Director and CEO.
• Kanoria has an impeccable record
  as an expert in the field of finance. He 
  has been instrumental in bringing over 34000 crore rupees of consolidated
  assets under SREI which became one of the first NBFCs to get listed on the
  London Stock Exchange.
• Kanoria is the Vice Chairman of
  reputed non-banking finance company SREI Infrastructure Finance Limited.

• Conservative opposition candidate
  Mauricio Macri won the presidential election of Argentina with over 51.5
  percent of vote in the fourth week of November 2015.
• As per the results declared by
  the National Electoral Chamber of Argentina, Macri, the leader of the
  centre-right Cambiemos [Let’s Change] coalition, secured 51.5 percent of votes,
  while Centre-left Peronist candidate Daniel Scioli conceded defeat with 48.5
  percent votes.
• With this win of Macri, Argentina
  will see the centre-right leading the government after 12-years of leftist
  government. In December 2015, he will replace Christina Fernández de Kircher in
  the Casa Rosada presidential palace

• Chinese scientists in third week
  of November 2015 unveiled their plan to develop the world’s largest animal
  cloning factory. It will be created to save critically endangered species from
  extinction. 
• It will mainly focus at cloning
  cattle, which would help China to keep up with Chinese demand of the meat. 
• It hopes to produce around one
  lakh cow embryos annually, which would be five percent of the Chinese market
  for beef.

• Sitting Rajya Sabha MP from
  Nagaland Khekiho Zhimomi passed away on 26 November 2015 following a cardiac
  arrest at the All India Institute of Medical Sciences in New Delhi. He was 69.
• He served as the member of
  Nagaland Legislative Assembly for three times.

• Nepal’s noted Indian-origin
  businessman Banwari Lal Mittal passed away on 25 November 2015 at Kathmandu,
  Nepal after protracted illness. He was 79. He is survived by his wife, two sons
  and a daughter.
• Mittal was the Founder and
  Chairman of Shree Airlines of Nepal. Mittal launched Shree Airlines in 1990.
  Today, Shree Airlines is the largest helicopter operator in Nepal with a fleet
  of six 24-seat Russian-made MI-17 helicopters and four Eurocopter AS350 B3e
  helicopters.

Regards

Team ExamPundit

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