National
News
1. India, Zimbabwe Sign 6 Agreements In Various Fields
i. During the visit of Vice President of India M Venkaiah Naidu, India has agreed for the deputation of experts in five fields to assist Zimbabwe. Around 6 agreements in various fields were signed in areas including Mining, Visa waiver, Broadcasting and Culture.
ii. India will extend Line of
credits of more than 350 million US Dollars to Zimbabwe for two power projects
and a drinking water project. India will give about 3 million US dollar grant
for upgradation of Indo-Zim Technology centre.
Static/Current Takeaways
Important For IBPS PO Mains Exam 2018:
·
President
of Zimbabwe: Emmerson
Mnangagwa, Capital: Harare.
2. National Ayurveda
Day: 5 November
i.
Ministry of AYUSH observes Ayurveda
Day every year on Dhanawantari Jayanti (Dhanteras). The
theme of 2018 Ayurveda Day was: “Ayurveda for Public health”.
ii. This year Ayurveda Day is
being observed on 5th November 2018. On this occasion, Ministry has organized
a “National Seminar on Entrepreneurship and Business Development in
Ayurveda” in association with NITI Aayog at Dr. Ambedkar International
centre, Janapth, New Delhi.
3. 18th Indian Ocean Rim Association Council of Ministers Meeting Held in Durban
i. The 18th Indian
Ocean Rim Association (IORA) Council of Ministers Meeting was held in Durban,
South Africa. Gen.(Dr.) VK Singh (Retd.), Minister of State for
External Affairs, attended the IORA Council of Ministers Meeting.
ii. This meeting took place
during the on-going celebrations of the 150th year of the birth anniversary of
Mahatma Gandhi and the 100th birth anniversary of Nelson Mandela.
Static/Current Takeaways
Important For IBPS PO Mains Exam 2018:
·
The Indian
Ocean Rim Association is an inter-governmental organisation which was
established on 7 March 1997.
·
IORA
Headquarters in Ebene, Mauritius.
Sports
News
4. Subhankar Dey Wins SaarLorLux Open Badminton Tournament
i. In Badminton, Subhankar
Dey has won the SaarLorLux Open at Saarbrucken in Germany.
ii. In the summit clash, the
unseeded Indian defeated fifth-placed Rajiv Ouseph of Britain, in straight
games, in what was the first encounter between the two shuttlers.
5. Simone Biles Sets
World Record, Wins 13th World Championship Gold
i.
Simone Biles made history by
picking up her record 13th career gold medal at the world gymnastics
championships in Doha, Qatar.
ii. Simone Biles became the
first ever gymnast to win 13 world championship gold medals. She
hails from the USA.
Banking/Business
News
6. Reliance receives India’s 1st LC Payment via Blockchain
i. In
a first for India, HSBC Holdings Plc has
executed a trade finance transaction using blockchain for an export by
Reliance Industries Ltd (RIL) to US-based Tricon Energy. The
blockchain-enabled letter of credit (LC) transaction
substantially reduced the time taken for such deals.
ii. The use of blockchain offers
significant potential to reduce the timelines involved in the exchange of
export documentation from the extant 7-10 days to less than a day.
7. RBI Allows Banks To
Provide Partial Credit Enhancement of NBFC Bonds
i. The
Reserve Bank of India (RBI) allowed
banks to provide partial credit enhancement (PCE) to bonds
issued by systemically important non-deposit taking non-banking
financial companies (NBFCs) registered with the RBI and
housing finance companies (HFCs) registered with the National Housing
Bank.
ii. The move is aimed at
enhancing the credit rating of the bonds and enabling these NBFCs to access
funds from the bond market on better terms.
Static/Current
Takeaways Important For IBPS PO Mains Exam 2018:
·
Urjit
Patel- 24th
Governor of RBI, Headquarters- Mumbai, Established on- 1st
April 1935, in Kolkata.
·
PCE,
which was introduced in 2015, will
help NBFCs and HFCs raise money from insurance and provident or pension funds
who invest only in highly-rated instruments.
Obituaries
8.1971 War Hero M.P. Awati
Passes Away
 |
| Vice-Admiral M.P. Awati |
i.
Vice-Admiral M.P. Awati (retd.), who commanded a naval unit of the Eastern Fleet in the 1971
India-Pakistan war and whose actions led to the destruction of an
enemy submarine, passed away.
ii. Vice-Admiral Awati was 91 years old. He was the commanding officer of INS Kamortaduring the 1971 Bangladesh Liberation War. He was awarded the Vir Chakra for his leadership and gallantry.
ii. Vice-Admiral Awati was 91 years old. He was the commanding officer of INS Kamortaduring the 1971 Bangladesh Liberation War. He was awarded the Vir Chakra for his leadership and gallantry.
