Current Affairs Update – 5-6 November, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs of 5 & 6 November, 2017. These are important for the upcoming IBPS PO, Clerk Mains, NICL Assistant, OICL AO exams.

Financial & Banking
ICICI Bank launches voice-based
international remittance service

  • ICICI Bank, the country’s largest
    private sector bank by consolidated assets, has launched voice-based
    international remittance service on its Money2India application.
  • This would enable a Non-Resident
    Indian (NRI) customer of ICICI Bank to send money to any bank in India via just
    a simple voice command to Apple’s virtual voice assistant, Siri, on his/her
    Apple iPhone/iPad.
  • A first-of-its-kind cross border
    remittance service by a bank in the country, it improves customer’s convenience
    significantly as it replaces a five step process, which was required to
    initiate a remittance to India earlier.
  • ICICI Bank is the first bank in
    the country to leverage on Apple’s virtual voice assistant to enable cross
    border remittances.

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Union Government to provide
financial assistance of Rs 2302.05 crore for Sagarmala projects

  • The Union Ministry of Shipping on
    3 November 2017 undertook projects worth Rs 2302 crore for financial assistance
    under the Coastal Berth Scheme of the Sagarmala Programme.
  • The Ministry also extended the
    period of the scheme for three years up to 31 March 2020 and expanded its scope
    to cover capital dredging at Major Ports and preparation of DPR for coastal
    berth project.
  • The 47 projects under Coastal
    Berth Scheme are distributed over eight states with the highest number of
    projects in Maharashtra (12 projects), Andhra Pradesh & Goa (10 projects),
    Karnataka (6 projects), Kerala and Tamil Nadu (3 projects), Gujarat (2
    projects) and West Bengal (1 project).
  • Out of the 47 projects, 23
    projects worth Rs 1075.61 crore were sanctioned for total financial assistance
    of Rs 390.42 crore and on the other hand, Rs 230.01 crore was released to Major
    Ports, State Maritime Boards and State Governments.
  • The remaining 24 projects are
    under various stages of development and process of approval.
  • The most recent beneficiaries of
    the scheme were Jawahar Lal Nehru Port Trust (JNPT) and Karnataka Government
    respectively for developing coastal infrastructure at Jawahar Lal Nehru Port,
    Karwar Port and Old Manglore Port.
RBI imposes Rs 6 crore penalty on
Yes Bank, Rs 2 crore on IDFC Bank

  • The Reserve Bank of India has
    slapped a monetary penalty of Rs 6 crore on Yes Bank and Rs 2 crore on IDFC
    Bank for violating regulations issued by the regulator.
  • Yes Bank has been fined for
    non-compliance with the directions issued by RBI on Income Recognition Asset
    Classification (IRAC) norms and delayed reporting of information security
    incident involving ATMs of the bank.
  • “The Reserve Bank of India
    has imposed on October 23, 2017, a monetary penalty of Rs 6 crore on Yes Bank
    for non-compliance with the directions issued by RBI on Income Recognition
    Asset Classification (IRAC) norms and delayed reporting of information security
    incident involving ATMs of the bank,” RBI said in a statement.
  • A statutory inspection of Yes
    Bank with reference to its financial position as on March 31, 2016 revealed
    violations of various regulations issued by RBI in the assessment of
    non-performing assets. Apart from that a cyber-security incident involving ATMs
    of the bank was also not reported by the bank within the prescribed timeframe.
News related to India & states
Union Government launches Deen
Dayal SPARSH Yojana to promote philately

  • Union Minister of Communications
    Manoj Sinha on 3 November 2017 launched Deen Dayal SPARSH (Scholarship for
    Promotion of Aptitude & Research in Stamps as a Hobby) Yojana, a Pan India
    scholarship program for school children to increase the reach of Philately.
  • Philately is the hobby of
    collection and study of Postage stamps. It also includes collection,
    appreciation and research activities on stamps and other philatelic products.
    Philately teaches a lot about the socio economic political reality of the period
    in which the stamp is issued.
  • Under the SPARSH scheme, the
    government will award annual 920 scholarships to children of Class VI to IX
    having good academic record while pursuing Philately as a hobby through a
    competitive selection process in all postal circles.
  • Every Postal Circle will select a
    maximum of 40 scholarships representing 10 students each from Class VI, VII,
    VIII and IX.
  • The amount of the Scholarship
    will be Rs 6000 per annum at the rate of Rs 500 per month.
  • In order to avail this scholarship,
    a child must be a student of a recognized school within India and the concerned
    school should have a Philately Club and the candidate should be a member of the
  • In case if the school Philately
    Club has not been established, a student having his own Philately Deposit
    Account will also be considered for the scholarship.
India, South Africa to
collaborate on multi-radio telescope project

  • India and South would be jointly
    expanding their efforts in tracing the evolution of galaxies thereby, further
    strengthening their 20 years of strategic partnership.
  • India would be participating in
    the multi-nation Square Kilometre Array (SKA) – a large multi radio telescope
    project aimed to be built in Australia, New Zealand, and South Africa, where
    the view of the Milky Way Galaxy is best and radio interference least.
  • The telescope when built would be
    the world’s most powerful radio telescope and it would have a total collecting
    area of approximately one square kilometre.

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Railways launch main arch on
world’s highest bridge on Chenab

  • The Indian Railways has commenced
    the main arch of the world’s highest bridge on the River Chenab in Jammu and
    Kashmir’s Reasi district.
  • This will provide direct
    connectivity to the Kashmir Valley.
  • The iconic bridge of Jammu &
    Kashmir will ascend 359 metres above the bed of the River Chenab and will be 30
    metres upper than the iconic Eiffel Tower in Paris.
  • The start of the main arch is a
    remarkable effort as it requires carrying heavy segments from two ends of the
    bridge – Kauri end and Bakkal end and involves the world longest cable crane
  • International and National
    consultants have been engaged during different stages of the project. Detailed
    seismic studies, geo-physical studies and slope stability studies have been
Indian Army launches Joint
Training Node in Shillong

  • The Indian Army on 4 November
    2017 launched an independent and fully-integrated Joint Training Node (JTN) at
    Umroi cantonment in Shilllong, Meghalaya.
  • The Training Node is aimed at
    hosting foreign armies during joint exercises.
  • The Joint Training Node is the
    first of its kind in eastern command and is different from other joint training
    centres located in Belgaum, Varangte and Bakloh.
  • The main objective behind its
    creation is to provide the best possible training environment for visiting
  • The centre has been developed at
    par with training centres of leading armies across the world.
  • The training node is ready to
    host the Bangladesh Army and it would be hosting the Myanmar and Chinese armies
    next year.
  • The Umroi cantonment was chosen
    for its establishment keeping mind its proximity to the Guwahati and Shillong
Goa to host Nobel Prize Event in
February 2018

  • The state government of Goa on 3
    November 2017 signed a trilateral memorandum of understanding (MoU) with the
    Department of Biotechnology, Union Ministry of Science and Technology and Nobel
    Media, Sweden to host the Nobel Prize Series – India event during 1-28 February
  • The event will be jointly
    organized by Department of Bio-Technology, Union Ministry of Science and
    Technology in collaboration with Department of Science and Technology and Nobel
    Media AB, Sweden.
  • The event would be held along
    with a month-long exhibition brought from Nobel Museum, Sweden.
  • The event is being held with the
    objective of driving people towards pure science rather than technology.
  • The Nobel series has earlier been
    organised in Gujarat.
Shamika Ravi to be appointed as
member of PM economic panel

  • Shamika Ravi, a senior fellow at
    Brookings India, would be appointed as part-time member of the Economic
    Advisory Council to the Prime Minister (EAC-PM), a senior government official
  • Headed by NITI Aayog member Bibek
    Debroy, the EAC-PM includes NITI Aayog’s Principal Advisor Ratan Watal as its
    member and economists Surjit Bhalla, Rathin Roy and Ashima Goyal as part-time
  • “The Prime Minister’s Office
    (PMO) has cleared the appointment of Ravi as part-time member of the
    EAC-PM,” a senior government official told .
  • Ravi leads the development
    economics research vertical at Brookings India. Ravi is also a visiting
    professor of economics at the Indian School of Business (ISB) where she teaches
    courses in Game Theory and Microfinance.
Justice Antony Dominic Appointed
As Acting Chief Justice Of Kerala HC

  • President of India has appointed
    Justice Antony Dominic, senior-most Judge of Kerala High Court, as the Acting
    Chief Justice of Kerala High Court with effect from 6th  November, 2017 consequent upon the retirement
    of present Chief Justice Justice Navaniti Prasad Singh.
  • Justice Dominic started his
    practice in Munsiff’s Court and JFCM, Kanjirappally in the year 1981. He then
    shifted practice to the High Court of Kerala at Ernakulam in 1986.
  • He was appointed as Additional
    Judge of the Kerala High Court with effect from 30-01-2007. He was appointed as
    Permanent Judge of the High Court of Kerala with effect from 02-12-2008.
Awards & Honors
Veteran actor Mohan Joshi
honoured with Vishnudas Bhave award

  • Renowned Indian film and
    television actor Mohan Joshi was honoured with the prestigious Vishnudas Bhave
    award for his contribution to the theatre on 5 November 2017.
  • The award was presented to Joshi
    by veteran actor Jayant Sawarkar. The award is conferred in memory of Vishnudas
    Bhave, the founder of Marathi theatre. It comprises a trophy, a citation and a
    cash prize worth Rs 25,000.
  • Besides plays, Joshi has acted in
    a number of Marathi and Hindi films including Major Saab, Baghban, Gangaajal,
    Garv: Pride and Honour and more recently Yeh Hai India.
Surat wins Best City Bus Services
Award for attracting 87% of private vehicles users

  • Surat Municipal Corporation was
    on 6 November 2017 awarded with the ‘Best City Bus Services Award’ by the Union
    Ministry of Housing and Urban Affairs for attracting 87 per cent of the private
    vehicle and auto rickshaw users to use city buses.
  • While, Mysuru’s Public Bicycle
    Sharing won the ‘Best Non-Motorised Transport’ Award and Kochi (Kerala) was
    chosen for the ‘Best Urban Transport Initiative’ Award for completing its Metro
    Rail Project in a quick time.
  • The H-TRIMS of Hyderabad, the
    Traffic Integraged Management initiative, 
    was awarded with the ‘Commendable Initiative Award’  under ‘Best Intelligent Transport Project’
    category. On the other hand, Chittor was chosen for the ‘Commendable Initiative
  • These cities were awarded under
    the ‘Best Urban Transport Practices’ of the Union Ministry of Housing and Urban
Sri Ranganathaswamy Temple wins
UNESCO Asia Pacific Award of Merit 2017

  • The Sri Ranganathaswamy Temple of
    Srirangam in Tamil Nadu on 3 November 2017 won UNESCO Asia Pacific Award of
    Merit 2017 for cultural heritage conservation programme. It is first temple
    from Tamil Nadu to win the prize from the UN body.
  • The temple won the award for its
    efforts to protect and conserve cultural heritage.
  • The two key parameters that made
    the temple most eligible to win the award are its traditional method of
    renovating temple premises as well as re-establishment of rainwater harvesting
    and historic drainage system in preventing flooding.
World Tsunami Awareness Day 2017
observed across the world

  • The World Tsunami Awareness Day
    was observed across the world on 5 November 2017 with the theme ‘Reduce the
    Number of Affected People’.
  • The Day aligned with the
    ‘International Day for Disaster Reduction’ and the “Sendai Seven
    Campaign” which are aimed at reducing the number of affected people
    globally by disasters.
  • The day is celebrated to spread
    awareness among people across the world in matters related to the dangers of
    tsunami. It stresses on the importance of early warning systems in order to
    mitigate damage from the often devastating natural hazard.
  • The first World Tsunami Awareness
    Day was observed across the world on 5 November 2016 with the theme ‘Effective
    Education and Evacuation Drills’.
Sports News
Indian women beat China to win
Asia Cup, qualify for World Cup

  • The India women’s hockey team
    today qualified for next year’s World Cup after overcoming China 5-4 via a
    shootout in a nail-biting Asia Cup final here today.
  • It was 1-1 at full time after
    China found a late equaliser through Tiantian Luo, who converted a penalty
    corner in the 47th minute.
  • India had scored through Navjot
    Kaur in the 25th minute of the game.
  • The triumph of the Indian women’s
    team follows the Asia Cup victory of the men’s side last month.
  • India had to wait long for their
    second Women’s Asia Cup title with the last one coming way back in 2004, when
    they had beaten Japan in New Delhi for the trophy.



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