Current Affairs Update – 27th November, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 27th November, 2015. These are important for the upcoming Banking and Insurance Exams.

• The Reserve Bank of India on 24 November 2015 decided to
  grant in principle approval to the National Payments Corporation of India
  (NPCI) to function as the Bharat Bill Payment Central Unit (BBPCU) in Bharat
  Bill Payment System (BBPS).
• The BBPS is an integrated bill payment system which will
  function as a tiered structure for operating the bill payment system in the
  country with a single brand image providing convenience of anytime anywhere
  bill payment to customers.

• As the central unit, NPCI will set necessary operational,
  technical and business standards for the entire system and its participants.
• Besides, NPCI will undertake clearing and settlement
  activities.
• The present scope of BBPS will include utility bill
  payments, such as, electricity, water, gas, telephone and Direct-to-Home (DTH).

• The Ministry of Urban Development on 26 November 2015
  approved an investment of 3120 crore rupees investment plans for basic urban
  infrastructure boost for 102 cities approved under Atal Mission for
  Rejuvenation and Urban Transformation (AMRUT).
• The plans will enhance water supply, sewerage network
  services, storm water drains, non-motorised transport and availability of
  public spaces in 102 cities, under AMRUT.
• Besides, an inter-ministerial Apex Committee approved State
  level Annual Action Plans for 2015-16 with an investment of 438 crore rupees
  for Haryana (18 AMRUT cities), 573 crore rupees for Chattisgarh (9 AMRUT
  cities), 416 crore rupees for Telangana (12 AMRUT cities), 588 crore rupees for
  Kerala (9 AMRUT cities) and 1105 crore rupees for West Bengal (54 AMRUT
  cities).

• The Apex Committee approved investments in different basic
  urban infrastructure areas as proposed by respective state governments.
• Ministry of Urban Development will provide an assistance
  1540 crore rupees which is about 50 perecnt of total approved project
  expenditure.
• Total investment in water supply projects in 58 mission
  states will be 2386 crore rupees.

• The Reserve Bank of India (RBI) on 24 November 2015 granted
  in-principle approval to three applicants to set up and operate Trade Receivables
  Discounting System (TReDS).
• The three organisations have been asked to set and operate
  TReDS in accordance to the Guidelines issued on 3 December 2014 under the
  Payment and Settlement System (PSS) Act 2007.

• NSE Strategic Investment Corporation Limited (NSICL) and
  Small Industries Development Bank of India (SIDBI), Mumbai
• Axis Bank Limited, Mumbai
• Mynd Solutions Pvt. Ltd., Gurgaon, Haryana

• The Reserve Bank of India (RBI) on 26 November 2015
  permitted the Foreign Portfolio Investors (FPI) to buy fully or partly
  defaulted bonds in the repayment of principal on maturity or principal
  installment in the case of amortising bond.
• The permission was given as part of the drive to promote
  investments by FPIs in corporate bonds.
• As part of it following changes were made to Foreign
  Exchange Management (Transfer or Issue of Security by a Person Resident outside
  India) Regulations, 2000:
• The revised maturity period of such NCDs/bonds that are
  restructured based on negotiations with the issuing Indian company should be
  three years or more.
• The FPI that proposes to acquire such NCDs/bonds under
  default should disclose to the Debenture Trustees the terms of their offer to
  the existing debenture holders from whom they are acquiring.
• Such investment should be within the overall limit
  prescribed for corporate debt from time to time (currently 2443.23 billion
  rupees).
• All other existing conditions for investment by FPIs in the
  debt market remain unchanged.

• The second Anti-Submarine Warfare Corvette Kadmatt built by
  Garden Reach Shipbuilders and Engineers Limited (GRSE) was formally handed over
  to Indian Navy at Kolkata on 26 November 2015. The Corvette would be joining
  the Eastern Fleet shortly.
• The super-sophisticated frontline warship was handed over by
  Rear Admiral (Retd) AK Verma, Chairman and Managing Director of GRSE to the
  Commanding Officer of the ship Mahesh C Moudgil.
• The ship is equipped with total atmospheric control
  ventilation system making it fully capable to fight in nuclear, biological and
  chemical warfare environments.

• The UNESCO Fellini medal will be awarded in India for the
  first time at the 46th International Film Festival of India (IFFI) in
  collaboration with the International Council for Film, Television and
  Audiovisual Communication (ICFT), Paris.
• The medal is given to a film that reflects UNESCO’s ideals.
• The Fellini medal was unveiled at the Cannes Film Festival
  in May 1995.
• The medal holds a double significance – to honour Italian
  director Federico Fellini’s contribution to film as an art form, and to
  commemorate the centenary of the birth of cinema (1895-1995).

• Kaushik Ganguly’s Bengali film Cinemawala
• Sidharth Siva’s Malayalam film Ain
• Subodh Bhave’s Marathi movie Katyar Kaljat Ghusli
• Malayalam film by Dr Biju Valiya Chirakulla Pakshikal

• World Robot Olympiad (WRO), 2015 was held in Doha, Qatar
  from 6 November to 8 November 2015.  The
  2015 session of the event was held with theme Robot Explorers. The event saw
  participation of students from more than 55 countries.
• This is the first time in the history of WRO that Indian
  students were able to win three medals (1Gold & 2 Silver) and one position
  (Eighth).

• a) Storm Divers from Ahmadabad won first rank. Participants
  included Aaman Shah, Aarav Savla and Shaurya Goenka.
• b) Thunder Divers from Ahmadabad won second rank.
  Participants included Vir Gandhi, Ishan Patel and Param Adani.

• Shadow Bots from Delhi won second rank. Participants
  included Jayant Sharma, Aman Thakur and Rohan Verma.
• Path Finders from Delhi won eighth rank. Participants
  included Dhariya Gupta, Ishaan Saini and Laxman Prasad.
• Besides, the Minister of State (Independent charge) for
  Culture and Tourism Dr Mahesh Sharma on 26 November 2015 announced that for the
  first time the 13th World Robot Olympiad will be held in Delhi in November
  2016.

• First day-night Test will be played at the Adelaide Oval
  from 27 November to 1 December 2015 with a pink Kookaburra ball. The third
  match of the Test series (Trans-Tasman trophy) between Australia and New
  Zealand will see this inaugural experimental day-night Test.

• For the first time in 138 years, a Test match will be played
  with a ball that is not red.
• For the first time in 138 years, a Test match will be played
  at night.
• Test Number 2188 will have a five-day limit, six-ball overs
  and a pink ball.

• P Uday Bhaskar was on 26 November 2015 appointed as the
  Chairman of Andhra Pradesh Public Service Commission (APPSC). The post has been
  lying vacant for quite some time now.
• There had been no permanent Chairman of the APPSC since
  2014. Sivanarayana, who is one of the member of APPSC, had been the Interim
  Chairman but he retired in June 2015.
• Dr Uday Bhaskar is a professor of Civil Engineering and
  Director of Foreign Universities and Alumni Relations of the Jawaharlal Nehru
  Technological University Kakinada (JNTU-K).

• Noted litterateur and Professor Surendra Upadhyay on 25
  November 2015 passed away due to cardiac arrest. He was 74. He was a former
  chairman of Rajasthan Brijbhasha Academy.
• Upadhyay served as chairman of Rajasthan Pradesh Congress
  Committee Intellectual Cell.
• He has authored at least three dozens of books, mainly short
  fiction, critic and poetry.

Regards

Team ExamPundit

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