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INDIAN AFFAIRS
Taxation Laws (Second Amendment) Bill, 2016 introduced in Lok Sabha
i. In the Ongoing Winter Session Union Finance Minister ArunJaitly has introduced a bill in the
LokSabha to amend the Income Tax rules levying a tax of 60 per cent on undisclosed income or
unaccounted credits in the bank accounts.
ii. The amended bill introduced comes with a new Pradhan Mantri Garib Kalyan Yojana, 2016
(PMGKY) which allows people to deposit money in their accounts till April 1, 2017.
iii. Under this Scheme the declarant will be levied 50 per cent of the total amount 30 per
cent as tax, 10 per cent as penalty and 33 per cent of the taxed amount that is 10 per cent as
Garib Kalyan Cess on the tax payable.
iv. The bill comes with additional provision that besides taxes penalty and cess which totals up to
around 50%, the declarant will have to deposit 25% of undisclosed income in a deposit scheme
that will be called Pradhan Mantri Garib Kalyan Deposit Scheme, 2016. The 25 % amount has to be
locked up for four years in interest-free.
v. The amended bill text also reads that incase the undisclosed income found during search seizure
cases a penalty of 30 % shall be enforced by the Income Tax Department in addition to the regular
tax on the money. However the person has to provide evidence for the income that has arrived if
he/ she fails to justify up to 60% penalty plus a surcharge of 25 percent of tax (15 percent), which
will amount a levy of 75 percent.
Government of Jharkhand Introduced Bill Against Placement Agencies
The Government of Jharkhand headed by Chief Minister Raghubar Das has introduced a bill
named Jharkhand Nizi Niyozan Abhikaran and Gharelu Kamgar (viniyam) vidheyak
2016 (Jharkhand private employment agency and domestic employee bill) against placement
agencies to control those agencies from exploiting people in the name of giving employment
outside the state.
Aim: To abolish human trafficking from Jharkhand and stop placement agencies from
exploiting the job seekers.
The Surrogacy (Regulation) Bill to ban commercial surrogacy introduced in Lok Sabha
i. The Surrogacy (Regulation) Bill, 2016 was introduced by Health Minister J P Nadda in the
Lok Sabha on November 21, 2016 to ban commercial surrogacy.
ii. Aim: to protect women from exploitation and ensure the rights of the child born through
surrogacy.
iii. Once the bill is approved by the Parliament, there will be a complete ban on commercial
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Current Rate
New Rate
Slab 1 (5%)
Upto 9%
5%
Slab 2 (12%)
9-15%
12%
Slab 3 (18%)
15-21 %
18%
Slab 4 (28%)
21%
28%
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The Hackathon will have nearly 500 problem statements in all which will be published
on http://mygov.in.
The Smart India Hackathon 2017 will focus on finding digital solutions to problemsin the
areas concerning: power, education, health, water, finance, agriculture, energy, urban & rural
development, aviation & shipping, transport, sanitation, sports, law & justice, skill
development & entrepreneurship, defence, textiles, tourism, etc.
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No.
11
8
7
5
5
2
State
Punjab
Madhya Pradesh
Jharkhand
West Bengal
Karnataka
Haryana
No.
2
3
2
2
3
1
State
Rajasthan
Andaman & Nicobar
Vlaharashtra
Meghalaya
Tripura
No.
1
1
1
4
4
PM Modi Visited Punjab To Mark 350 Birth Anniversary Of Guru Gobind Singh
i. Prime Minister Narendra Modi visited Punjab on November 25, 2016 to attend a function
marking the 350th birth anniversary of tenth Sikh Guru Gobind Singh ji at Sri Anandpur
Sahib in Rupanagar district.
ii. During the visit, Mr Modi also laid the foundation stone of the All India Institute of Medical
Sciences (AIIMS) in Bathinda. Modi was accompanied by Punjab Cm PS Badal, Punjab Deputy
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PLACES IN NEWS
Sangai Festival 2016 begin in Manipur
i. The 10-day-festival Sangai Festival 2016 inaugurated by Manipur CM Okram Ibobi Singh on
November 21 2016. It will continue till November 30 2016
ii. Theme: Destination Manipur.
iii. Aim: To promote Manipur as a potential tourist destination.
Mumbai poetry festival to feature 51 poets from 5 countries
i. The Poets Translating Poets festival held in Mumbai from November 25-27,2016 to
transcend boundaries of language and culture, through the act of translation and poetry
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INTERNATIONAL AFFAIRS
Worlds longest secure telecommunications network launched by China
i. China has launched a 712-km quantum communication line, on November 20, 2016.
ii. This quantum communication line is the worlds longest secure telecommunications
network, with ultra-high security which makes it impossible to tap, intercept or crack the
information transmitted through them.
iii. The new quantum communication line will connect Hefei, capital of Anhui province,
to Shanghai, the Chinas financial hub.
Worlds first Bollywood-themed park opens in Dubai,UAE
i. Worlds first Bollywood theme park was inaugurated in Dubai on 17 November 2016. The
name of the park is Bollywood Parks, and it is a part of Dubai Parks and Resorts (DPR) which
is the largest integrated theme park resort of Dubai.
ii. The visitors on the inauguration day were greeted by performers dancing on Bollywood
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The agreement was signed between Sekhar Basu, Chairman of the Atomic Energy
Commission and Secretary of the Department of Atomic Energy (DAE) in India,
and Fabiola Gianotti, General Director at CERN.
After becoming the associate member of CERN India will have to contribute a certain
amount of money for research activities that would involve annual contribution of 11.5
million swiss frank from Indian government to CERN
Pakistan, Turkey and Ukraine are the current Associate Member States with CERN.
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FOREIGN VISITS
Prime Ministers 3 Days Visit To Japan Overview
Prime Minister Narendra Modi was on a three-day visit to Japan from November 10 to 12,
2016 to attend the Annual India-Japan Bilateral Summit with Japanese Prime Minister
Shinzo Abe in Tokyo to strengthen the bilateral ties between the two states.
During the visit Prime Minister Modi and Japanese Prime Minister Shinzo Abe inked a
Memorandum of Understanding (MoU) in the field of civil nuclear deal and nine other
agreements in various fields.
Modi also attended an India-Japan Business Leaders Forum and addressed a formal
meeting organised by the Confederation of Indian Industry (CII) and the Japanese
Business Federation.
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He also visited Prime Minister Narendra Modi, External Affairs Minister Sushma
Swarajalong with several sites of co-operation and joint projects between the two
nations.
The Israeli leader paid a visit to Chandigarh and Karnal as part of his plan to highlight
agri-cooperation.In Chandigarh, he inaugurated Agro Tech 2016 along with President
Mukherjee and in Karnal he visited the Centre of Excellence of Indo-Israeli Agricultural
Project.
The first Israeli president to visit India was Ezer Weizman who visited Delhi in 1997.
May and Prime Minister Narendra Modi witnessed the signing of the two Memorandums of
Understanding one on intellectual property (IP) and another for bilateral cooperation on
raising ease of doing business.
India and the United Kingdom have agreed to enhance defence ties with a view to expanding
military trade and industrial collaboration.
Prime Minister Narendra Modi and British PM Theresa May pledged to extend cooperation in
trade and green energy in the India UK Tech summit, 2016.
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He also announced that from 2017 onwards, Nepali students will have the opportunity to
pursue graduate and post-graduate courses in Indian Institutes of Technology on a regular
basis.
He had offered special worships to the Pashupatinath Temple in Kathmandu and the Janaki
Temple in Janakpurdham.
The Presidents visit is seen as an extension of intensive engagement by India with Nepal,
which adopted its democratic Constitution last year, at political and functional levels.
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The New Delhi Declaration is a political statement spelling out the commitment
of participating governments towards preventing and reducing disaster risk, and
strengthening the resilience of communities, nations and the Asian region. Recognising
the need to accelerate the implementation of global frameworks, it commits to a peoplecentred and whole-of-society approach towards DRR.
The competition was held on the theme of Risk Sensitive Development for Community
Resilience.
Ms. Meghna Chawla received the prize for the film The Catalysts of Change Adapting to
Changing Weather in Ladakh(India) under the category Adapting to Climate Change. The
film, submitted by SEEDS, shows how informed and empowered people will form the
adaptive and resilient communities of the future.
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The six-day event began by opening of the session on November 7, followed by adoption of
agenda and organization of work, Meetings of the Bureau; Informal regional meetings
and the European Union coordination meetings.
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The Congress was concluded with the adoption of Delhi Declaration on Agrobiodiversity Management.
Agro-biodiversity conservation and its sustainable use was granted top priority
towards achieving targets of Sustainable Development Goal (SDGs) that deals with
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Competition Commission of India(CCI) to host the 2018 ICN Annual Conference in New
Delhi
i. Competition Commission of India (CCI) will host the 2018 ICN Annual Conference.
International Competition Network (ICN) has taken this decision. The conference would take place
at New Delhi in March April 2018.
ii. CCI has been inducted as an ex-officio member of the steering group member of the ICN
for a period of 3 years.
iii. 2016 ICN Annual Conference held in April 2016 by Competition Commission of Singapore.
iv. 2017 ICN Annual Conference to be held in May 2017 by Portuguese Competition Authority.
2016 Economic Leaders Week held in Lima,Peru
i. 2016 Asia-Pacific Economic Cooperation (APEC) summit or the APEC Economic Leaders Week
which started on 14 November 2016 came to an end on 20 November 2016 in Lima, Peru. The
theme of the meet was Quality growth and human development.
ii. The aim of the Asia-Pacific Economic Cooperation (APEC) summit is to bring the 21 member
countries of APEC together and discuss about economic growth, international trade
policies and improvement of life conditions.
iii. The week celebration was held in four parts:
1.14-15 November : APEC Concluding Senior Officials Meeting (CSOM)
2.17-18 November : APEC Ministerial Meeting (AMM)
3.18-19 November : APEC CEO Summit
4.20 November : APEC Economic Leaders Meeting (AELM) The meeting was chaired by
President of Peru, Pedro Pablo Kuczynski.
With the conclusion of the week with APEC Economic Leaders Meeting (AELM) the leaders of the
21 APEC nations adopted a Declaration on advancing quality growth and human
development. The declaration has two annexure attached: Lima Declaration on Free Trade Area
of the Asia-Pacific (FTAAP) and APEC Services Competitiveness Roadmap (2016-2025).
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The Union Finance Minister Shri Arun Jaitley to Inaugurate Two Day Economic Editors
Conference-2016
i. The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley inaugurated the two
day Economic Editors Conference-2016 on 10th November, 2016 in Delhi.
ii. The Main objective of holding the National Economic Editors Conference is to apprise the media
persons about the major policy initiatives, achievements and future road map of different
participating Departments/Ministries of the Government of India.
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For achieving this mission, plans are being made on developing an ideal entrepreneurial
ecosystem and promoting strong inter-institutional partnerships among technical institutions.
The policy will enable the Indian youth to contribute to the nations socio-economic progress
through promotion of technology-driven student start-ups.
With an exposure to an entrepreneurship climate, the policy will impart crucial soft skills like
decision-making in the students.
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The event was inaugurated by Union minister for information & broadcasting
Venkaiah Naidu in the presence of veteran filmmaker Ramesh Sippy and other guests.
Actor and film-maker Ajay Devgn was the Chief Guest at the Opening Ceremony.National
Award-winning Director S. S. Rajamouli was the chief guest of the closing ceremony.
The festival screened over 300 films including 4 premieres, 6 international premieres, 26
Asian premieres 104 Indian premieres and Oscar-winning entries from nearly 90
countries. The Republic of Korea was the focus country of IFFI 2016.
The ceremony ended with veteran filmmaker Subhash Ghai felicitating all the award winners and
performers on the grand stage.
Award Categories At the IFFI 2016 :
Category
Lifetime Achievement Award
Centenary Award For Indian Film Personality of
the Year
Best Film
Best director
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The medal to be awarded to the winner will bear a portrait of Mahatma Gandhi, etched
alongside his message in the midst of darkness light prevails.
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India has been ranked 138th in global rank Index 2016 with a score of 2.69 while it has
been ranked 26th in the Regional Rank Index 2016.
India is among 9 countries in the region which falls within the least connected countries LCC in
the ranking.It was ranked 135th in the global rank Index 2015 with a score of 2.50
The ITU index was topped by the Republic of Korea with a score of 8.84. The Sub-Saharan
Africas Niger with a score of 1.07 ranked lowest.
1
2
3
4
5
6
7
8
9
10
11
South korea
Iceland
Denmark
Switzerland
UK
Hong Kong
China
Sweden
Netherland
Norway
Japan
8.88
8.83
8.74
8.68
8.57
8.46
8.46
8.45
8.43
8.42
8.37
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IIT Bombay was also was listed in the top 100 Universities of the World after IIT Kharagpur,
and are the only Indian Universities to be placed among top 100 Universities of the World in
the ranking list.
Other Indian institutions among the top 300 QS Graduate Employability Ranking
are IIT Madras, IIT Delhi and University of Delhi.
Country
USA
USA
China
Australia
UK
Mumbai Ranked Among Worlds Top Trending Tourist Destinations For 2017
i. The Financial Capital of India, Mumbai has been ranked among the Worlds top Tourists
destinations for 2017.The Booking.com analyzed the top 300 destinations based on growth in
search and bookings to find the most upcoming places to visit in 2017.
ii. According to a survey, Mumbai, the entertainment capital of India, has recorded increased
volume of tourists and greater than average growth in bookings, as well as the most searched
destinations in comparison to last year and is likely to see an increase in domestic and
international tourist flow next year.
Top 7 destination:
1
2
3
4
5
6
7
Reykjavik, Iceland
Cairns, Australia
Savannah, US
Puerto Rico, Caribbean
Kyoto, Japan
Jericoacoara, Brazil
Mumbai, India
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Global Wealth Report shows rise in household wealth of India and rising disparity
The 7th Global Wealth Report, issued by the Credit Suisse Research Institute says
that global wealth has risen by 1.4% i.e USD 3.5 trillion to USD 256 trillion. However in India the
household wealth has decreased by 0.8% i.e $26 billion to $3,099 billion in 2016.
Even though India has 0.8% decrease in household wealth in terms of Dollar, in its own
currency (INR) the wealth in India increased by 5.1% in 2016. The difference in
both data is due to adverse currency exchange movements.
Personal wealth in India is dominated by real assets. These real assets is 86% of the
total household asset in India.
1,302 million
808 million
3,137 USD per adult
$3,099 billion
1,78,000
33,93,000
2,48,000
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Among Indian the top place is occupied by Ambani family. Overall Ambani family is at
number 3 with Net Worth of 25.8 billion.
Net Worth
$25.8 billion
$14.9 billion
$14.6 billion
$14 billion
$13.2 billion
$12.3 billion
$9.6 billion
$6.9 billion
$5.8 billion
$5.75 billion
$5.3 billion
$5 billion
$4.9 billion
$4.3 billion
$4.26 billion
$3.6 billion
$3.4 billion
Country
India
India, U.K.
India
India
India
India
India
India
India
India
India
India
India
India
India
India
India
Business
Reliance Group
Hinduja Group
Wipro
Shapoorji Pallonji Group
ArcelorMittal
Godrej Group
Aditya Birla Nuvo Ltd.
Bajaj Group
Dabur India Ltd.
Shree Cement
Eicher Group
Jindal Group
Cadila Healthcare
Hero Group
real estate
paints
Piramal Enterprises
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The optimism, however, suffered a decline in the last few quarters due to slow
growth of core sectors. The level of optimism has been continuously increasing with
the second quarter witnessing 85 percent businesses expecting economic recovery. This
was followed by 87 percent businesses indicating economic recovery in the third quarter.
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The stability of the Indian economy can also be gauged from the fact that India tops the
chart on expectations of an increasing revenue (92 percent), selling prices (73
percent) and profitability (76 percent).
Here too India ranks highest in the IBR survey. This highlights the need for the
government to remove regulatory bottlenecks and bring in place a mechanism for
faster approvals.
The IBR also shows that 49% Indian businesses plan to ramp up investment in the new
buildings and 52% plans to invest in plants & machinery in 2016.
While 51% businesses expect an increase in R&D activities in the coming year, only 28%
businesses are expecting countrys exports to grow.
Indian businesses also plan to be on a hiring spree in the coming year as 68% businesses
expect an increase in employment ranking #2 in the survey, lack of skilled labour and
finance continues to be top two concerns for Indian businesses.
For the first time since the financial crisis, it is the EU which provides the
bedrock of stability. Net 38% of EU businesses are optimistic about their economy over
the next 12 months, exactly the same as in Q3 and Q1.
It is noted that the US has seen optimism fall from 74% to 50% in Q4, the biggest fall
of any of the 36 countries 2016 also looks much brighter for businesses in Asia Pacific
and Latin America as both report big quarterly increases in optimism.
COMPANY
Facebook
Amazon
Ulta Beauty
Alphabet
Microsoft
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New York
Paris
Sydney
Amsterdam
Los Angeles
Tokyo
San Francisco
Toronto
While Indias position has jumped four slots to 102, that of South Africa has improved
three places to 55 while that of China stood at 61 compared with the previous ranking of
63.
However, Brazils ranking has slipped to 110 from the earlier 97 while that of Russia
dropped to 111 from the 105th position.
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The test was administered by the International Association for the Evaluation of
Educational Achievement, a non-profit research cooperative based in Amsterdam.
This is the second time that students of Singapore performed best those from all other
countries in TIMSS, which takes place every four years. The last time this country stood
first was in 2003.
Primary Maths
1. Singapore
2. Hong Kong
3. South Korea
4. Taiwan
5. Japan
Primary Science
1. Singapore
2. South Korea
3. Japan
4. Russia
5. Hong Kong
TIMSS is conducted under the auspices of the International Association for the
Evaluation of Educational Achievement (IEA), which is an independent international
co-operative of national research institutions and government agencies. The Ministry of
Educations Comparative Education Research Unit manages the implementation of the
TIMSS studies in New Zealand.
The aim behind such move is to curb corruption, black money, money laundering,
terrorism creating an environment of panic.
However one hundred, fifty, twenty, ten, five, two and one rupee note will remain
legal tender and will not be affected by the decision.
On recommendation of RBI, government of India has decided to issue Rs. 2000 notes
and new notes of five hundred for circulation.
From 10th November to 24th November the limit of exchange will be Rs. 4000 while
from 25th November to 30th December, the limit will be increased.
For an immediate needs, citizen can go to any bank, head post office or sub post office,
with an identity proof like Aadhaar card, voter card, ration card, passport, PAN card or
other approved proofs, and exchange old five hundred or thousand rupee notes for new
notes.
ATMs will not work on 9th November and in some places on 10th November also. There
will be a limit of Rs. 2000 per day per card in first few days.Later the limit will be raised
to 4000.
If for any reason, any person is not able to deposit the old five hundred or thousand
rupee notes by 30th December 2016 they can go to specified offices of the Reserve Bank
of India up to 31st March 2017 and deposit the notes after submitting a declaration form.
To reduce the difficulty of the common man, some special steps have been taken by the
government. For the first 72 hours till the midnight on 11th November the old notes of Rs. 500
and Rs. 1000 will be accepted at the following places for transaction.
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The hedging period will be for the entire life of the liability with a minimum one-year
rollover option, ensuring that the total exposure is not unhedged at any point of
time.
The borrower has to hedge in such a manner that the projected cash flows match
the expectation of the borrowers irrespective of the fluctuations in the foreign currency.
Coverage:Wherever hedging has been mandated by the RBI, the ECB borrower will be
required to cover principal as well as coupon through financial hedges. The financial
hedge for all exposures on account of ECB should start from the time of each such
exposure (i.e. the day liability is created in the books of the borrower).
Tenor and rollover:A minimum tenor of one year of financial hedge would be required
with periodic rollover duly ensuring that the exposure on account of ECB is not
unhedged at any point during the currency of ECB.
Natural Hedge:Natural hedge, in lieu of financial hedge, will be considered only to the
extent of offsetting projected cash flows / revenues in matching currency, net of all other
projected outflows. For this purpose, an ECB may be considered naturally hedged if the
offsetting exposure has the maturity/cash flow within the same accounting year. Any
other arrangements/ structures, where revenues are indexed to foreign currency will not
be considered as natural hedge.
The designated AD Category-I bank will have the responsibility of verifying that
100 per cent hedging requirement is complied with. All other aspects of the ECB
policy shall remain unchanged.
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According to the pilot service Airtel Payments Bank will provide basic banking services along
with the facility to open bank accounts at Airtel retail outlets.
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The company will give an interest rate of 7.25% per annum on deposits in savings
accounts.
The customers will get a personal accidental insurance of Rs. 1 lakh with every
savings account.The users have the convenience to transfer money to any bank accounts
in India.
Airtel Bank does not offer ATM/Debit Card facility, at present. Customers can deposit
withdraw cash at any of the designated Airtel retail outlets.
Customers can access money transfer services using the Airtel Money app or through
USSD by dialing *400#.Money transfers from one Airtel number to another Airtel number
within the bank will be free
Initially the Airtel Bank will test the pilot services at 10,000 Airtel retail outlets. However
it plans to expand its merchant network in Rajasthan to 100,000 by the end of the year,
giving a big boost to digital payments ecosystem.
Vasundhara Raje, Chief Minister of Rajasthan appreciated the initiative which inclines with the
Prime Ministers vision for financial inclusion and Digital India, and will be a boon to residents in far
flung areas who are yet to have access to formal banking.
NABARD sanctions Rs 21,000 crore to district cooperative banks
i. NABARD has sanctioned Rs. 21,000 crores to the District Central Cooperative Banks
(DCCBs) to help farmers in Rabi agricultural seasons.
ii. The DCCBs will disburse loans to farmers through the network of Primary Agricultural
Cooperative Societies (PACS). Government has chosen DCCB for loan disbursal because 40% of
the small-scale farmers go to co-operative banks.
Bank Islam Brunei Darussalam Berhad inks deal with Ramco for ERP integrated solution
i. Bruneis largest bank Bank Islam Brunei Darussalam Berhad has signed a deal with
Indias Ramco Systems to integrate its business processes across HR and enterprise resource
planning functions with Ramco Systems Enterprise Resource Planning (ERP).
ii. The scope of engagement includes finance and accounting, inventory and procurement, as
well as core HR functions, time and attendance, payroll, training and recruitment.
IBBI Notifies regulation Under Bankruptcy Code, 2016
i. The Insolvency and Bankruptcy Board (IBBI) of India on 23 November 2016 notified three
sets of regulations directing the eligibility criteria of becoming a professional member of
an Insolvency Professional Agency or for registering with the IBBI as an Insolvency Professional
Agency
ii. The regulation is applicable to
1.Insolvency Professionals,
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BUSINESS
Himachal has emerged as hub of drug manufacturing
i. Himachal Pradesh State Industries Minister Mukesh Agnihotri announced that
Himachal Pradesh has emerged as a hub of drug manufacturing units and meets 35 % of Pharma
products demands in Asia.
ii. The announcement was made on November 19, 2016 at the 45th conference of the Federation
of Corrugated Box Manufacturers of India at Zirakpur.
iii. The three-day conference is being attended by over 600 delegates from 10 countries.
iv. Himachal Pradesh will host Invest Himachal Summit in February 2017 for which he appealed
to industrialists to participate in the meet.
India elected as the Vice Chair of Kimberely Process Certificate scheme 2018
i. An announcement has been made by the Gem & Jewellery Export Promotion Council (GJEPC)
on November 19, 2016, to elect India as the vice chair for the year 2018 and chair for the
year 2019 of Kimberly Process (KP) Certificate Scheme.
ii. The announcement was made at the KP Plenary Meeting which was recently held in Dubai.
iii. KP is a joint initiative of the governments, industry and civil societies to prevent trade in
conflict diamonds.
iv. These are the rough diamonds used by political groups to finance wars against legitimate
governments.
Google launched Virtual Exhibition on Iconic Indian Women
i. Google with the help of its cultural arm Google Arts & Culture launched a virtual artwork and
exhibition on November 19, 2016, showcasing the achievements of the Indian women in the
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E-pharmacy must ensure that the medicines are dispensed through licensed pharmacies duly
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Amount
$170m
$80.5m
$76.5m
$75m
$54m
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Former Worlds No. 1 Swiss Tennis Player Roger Federer has won
the Stefan Edberg Sportsmanship Awardfor the 12th time in his career.
The other categories of Awards
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Pune girl Anvita Prashant Telang wins Google Indias doodle competition
Anvita Prashant Telang, 11 year old girl from Pune has been named as the national winner of the
Doodle 4 Google contest for her Doodle submission on the theme titled If I could teach
anyone anything, it would be.
Doodle 4 Google :
Aim of the event : To promote creativity, passion and imagination in younger users.
The Guest won short film award at MAMI Film Fest
i. Short film The Guest, which emerged as the winner in the Large Short Films category at
the Mumbai Academy of Moving Image (MAMI) Film Festival.
ii. The short film has been directed by Ayappa KM and stars Avinash Tiwari and Yana Mistry.
iii. The film is about a young man, who unknowingly ends up in a strange place.
Indian-origin humanitarian, Imtiaz Sooliman gets Global Citizen Award
i. An Indian-origin man in South Africa, who founded the internationally-lauded Gift of the Givers
Foundation, has been awarded the prestigious Global Citizen Award for his innovative and
visionary contribution to the global community.
ii. Imtiaz Sooliman was honoured at the end of the 10th annual Global Residence and
Citizenship Conference in London.
Young Syrian Hadi Abdullah Named Journalist Of The Year By Press Watchdog
i. Hadi Abdullah, Syrian freelance journalist was awarded with Reporters without Borders
(RSF)-TV5 Monde prize on November 8, 2016 for reporting from some of the most hazardous
places in Syrias five years old war.
ii. The 29 year old was nominated in journalist category and the award was presented in
Strasbourg on behalf of the World Forum for Democracy, a meeting organized by the Council Of
Europe.
Marta Jakimowicz Lifetime Achievement 2016 by the Karnataka Lalithakala Academy
i. Marta Jakimowicz Poland-born art expert was selected for the Lifetime Achievement Award
2016 by the Karnataka Lalithakala Academy on 10 November 2016.All the winners will be honoured
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New Artist
Contemporary Pop Vocal Album
Traditional Pop Vocal Album
Urban Fusion/Performance
Urban Music Album
Urban Song
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Best
Best
Best
Best
Best
Singer-Songwriter Album
Banda Album
Tejano Album
Norteo Album
Regional Song
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From a list of 120 international entries, an expert committee chose Kehkashan Basu
from the UAE, Muzoon Almellehan, 18, from Syria and Divina Maloum, 12, from
Cameroon.
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The Childrens Peace Prize will be awarded by a Nobel Peace Laureate. This year, Nobel
Peace Prize winner of 2006 Muhammad Yunus will present the prize in the Hall of Knights
(Ridderzaal) at The Hague on December 2, 2016.
He has been taking part in several extra-curricular activities and received a number of
awards both at the state and national level competitions.
The young boy has developed a science project Gift For Farmers an innovative device
that enables in sowing, tilling of soil, sprinkling of pesticides, cutting and processing of
paddy crops.
He also ranked first at the state level creative writing competition held at bhubneshwar
last year.
Other than Shubhendu Sahu other children to receive this National Child Awards for
Exceptional Achievement, 2016, were
16-year old Kumari Revathi Nayka M, a paralympic swimmer, was awarded with Gold
Medal for her excellence in the field of sports.
Nine-year-old Dev Shah, a chess player, was the youngest to be awarded for his
excellence in the field of sports.
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The 3-day film festival aims to showcase films made in India for the purpose of expanding the
childrens film market in India and abroad.
Children Film Society of India (CFSI) will screen around 40 films including many of the
award-winning movies such as Gopi Gawaiya Bagha Bajaiyaa, Kimas Lode, Budhia Singh
(On the run) among others.
Minister of State for Information and Broadcasting Rajyavardhan Rathore along with chairman
of CFSI, Dr. Shravan Kumar, CEO, CFSI inaugurated the festival at Birla Auditorium, Jaipur
The second edition of NCFF, will display films in 12 theaters in Jaipur in three days where
children can enjoy the films.
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MoUs
India & Switzerland Sign Joint Declaration for the implementation of Automatic
Exchange of Information (AEOI)
i. Sushil Chandra, Chairman, Central Board of Direct Taxes and Gilles Roduit, Deputy Chief of
Mission of Swiss Embassy in India signed a joint declaration for automatic exchange of information
(AEOI) on November 22, 2016 for the implementation of Automatic Exchange of
Information (AEOI) between the two countries
ii. From now India will be possible to receive the financial information of accounts held by Indian
residents in Switzerland for 2018 and subsequent years from September 2019onwards.
India Switzerland Signs MoU to extend Indo-Swiss Building Energy Efficiency Project
(BEEP) by five years
i. A Memorandum of Understanding (MoU) was signed between India and Switzerlandfor a
joint project on energy efficiency of buildings in November 2011, for duration of five years.
ii. Based on the excellent results achieved by the project in the first phase,
the ambassador of Switzerland to India, Andreas Baum, and Raj Pal, economic adviser at the
Indian Ministry of Power, signed a pact to extend the Indo-Swiss Building Energy Efficiency
Project (BEEP) by five years till 2021,
iii. The extended MoU was exchanged between the two governments at the international
conference Energy Efficient Building Design: Experiences and Way Forward, on November 28,
2016.
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Odisha Signs Agreement To Set Up 4 More STPI Centres & Odisha To Get Gems
&Jewellery Industrial Park
i. Naveen Patnaik lead Odisha government signing an MoU with Software Technology Parks of
India (STPI) for setting up facilities at four more places. The agreement was signed to set up STPI
centres at Angul, Jajpur, Jeypore in Koraput and Sambalpur.
ii. Presently STPI centres aeloacted at Rourkela, Bhubaneswar, Berhampur and
Balasore. After this proposal Odisha would have the highest number of such centre in the country.
Assam govt inks MoU with Civil Aviation Ministry for Regional Connectivity Scheme
i. Chief Minister Sonowal and Civil Aviation Minister Ashok GajapatiRaju inked a Memorandum of
Understanding (MoU) with the Union Ministry of Civil Aviation and Airport Authority of India under
Regional Connectivity Scheme (RCS).
ii. He also requested to make Guwahati Airport as a world class airport
iii. According to MoU, the Assam government shall reduce VAT to 1% or less on Aviation turbine
fuel (ATF) at RCS Airports.
iv. The Assam Government will provide free land for the development of heliports in Diphu and
Haflong
India and Venezuela sign deals to increase oil production worth $1.45 billion
i. Venezuelas President Nicolas Maduro and Executive Director of Oil and Natural Gas
Corporation, Narendra Kumar Verma signed oil production deals worth $1.45 billion in Caracas,
Venezuela on November 4, 2016.
ii. Aim : To increase oil production.
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SCHEMES
Smriti Irani distributed PAHCHAN Identity Cards to Artisans in Gujarat
i. Union Textiles Minister Smriti Irani distributed PAHCHAN identity cards to artisans
of Gujarat belonging to Jamnagar, Naroda, Surendranagar, Amreli and Kalol at Ahmedabad Haat,
Vastrapur, Ahmedabad, Gujarat on November 19, 2016.
ii. The cards will enable the artisans to take the benefit of any government scheme, participate in
any domestic or international fair and also give the national identity to the artisans by registering
them under a national database.
iii. 20 artisans from each of the 5 cities will also be imparted training under Guru Shishya
Parampara, where nationally acclaimed designers will train the artisans.
PM Modi to launch Pradhan Mantri Grameen Awas Yojna in Agra
i. Prime Minister Narendra Modi will launch Pradhan Mantri Grameen Awas Yojna, an
ambitious housing scheme for rural poor, in Agra on November 20, 2016.
ii. Pradhan Mantri Grameen Awas Yojna which was previously known as Housing For All, was
launched on June 25, 2016 with an aim of constructing about 2 crore houses across the nation
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The national programme will provide special free antenatal care to about 3 crore
pregnant women across the country in order to detect and prevent high risk
pregnancies.
All kinds of medical checkups under this scheme will be completely free.Women will be
marked differently based on their health problems so that doctors can easily detect the
problem. The scheme is applicable only to the women in their pregnancy period of 3 to 6
months.
The women who are not from urban areas and belong to semi urban, poor and rural areas
will be given preferences under the Surakshit Matritva Abhiyan.
This move needs to be made a national social movement which shall engage the doctors
from the private sector and other stakeholders and also administered
the #IPledgeFor9Pledge for urging all to support this programme.
This scheme is targeting women who have not received or dropped out of ANC check-ups
and a minimum package of investigations and medicines such as IFA and calcium
supplements, would be provided to all pregnant women attending the PMSMA clinics.
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It will also include easy access to information and mentor network, credit, incubator and
accelerator and advocacy to create a pathway for the youth.
MSDEs two institutions dedicated to entrepreneur education and training NIESBUD and
IIE- have trained more than 7 lakh trainees including 2,600 persons from more
than 125 countries in the field of entrepreneurial skills till date.
After becoming a part of this Ministry, these two institutes are now focusing on
mentorship of budding entrepreneurs across the country and succeed so far and we are
determined to create more opportunities of employment for our youth through this
initiative.
The institutes under the PMs YUVA Yojana include 2200 Institutes of Higher
Learning (colleges, universities, and premier institutes), 300 schools, 500 ITIs and 50
Entrepreneurship Development Centres, through Massive Open Online Courses (MOOCs).
MSDE also unveiled the Lab Guidelines towards standardisation of lab equipment
across skill development training centres in India at the conference.
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Chhattisgarh has become the first state in the country to adopt a resolution of
supporting the demonetization of high-value currency notes decision of the central
government.
The state government will take effective steps to encourage people in small business to
switch over to the e-payment system.
The state has also exempted swipe-machines from value added tax (VAT) to encourage
e-transactions.
The government will procure paddy at the minimum support price (MSP) from the
farmers of the state from November 16, 2016 onwards and for that e-payment will be
made. Government has made all arrangements for the farmers of the state at 1,986
procurement centers.
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COMITTEES
Center Constitutes Committee To Check Implementation Status Of Demonetization Move
i. The Central Government has formed a committee on November 22, 2016, comprising
Additional Secretaries, Joint Secretaries and Directors to know about the status of implementation
of its recent decision of scrapping 500 and 1000 rupees currency notes.
ii. Each officer of the committee will visit different States and Union Territories separately with
main focus on the rural areas and submit its report by 25th of this month.
iii. The committee will submit its report by November 25, 2016 report on the challenges and
general opinion regarding the implementation of the scheme.
Andhra Pradesh CM Chandrababu Naidu to head CMs Committee on Demonetisation
i. Andhra Pradesh Chief Minister N. Chandrababu Naidu has been nominated by the Central
Government to head the sub-committee of Chief Ministers of five States constituted to deal with the
situation arising out of Rs 500 and Rs 1,000 denomination notes.
ii. Union Finance Minister Arun Jaitley requested Chandrabab Naidu to head the
committee which would study various aspects after demonetization and how it has affected
different sections of the people.
iii. Chief Ministers Sivaraj Singh Chauhan (Madhya Pradesh), Nitish Kumar (Bihar), Narayana
Swamy (Puducherry) and Manik Sirkar (Tripura) will be the other members. The five-member
committee will study the public problems due to demonetization of Rs. 500 and Rs. 1,000 currency
notes and would submit its report to the Centre for taking required steps.
iv. The move aims to stop the Oppositions attack on the Centres demonetization decision. The
Opposition organised Jan Aakrosh Diwas on November 28 to protest against the move.
Center to Form Committee to Develop Digital Payment Platform for Government-Citizen
Transactions
i. The Central Government has constituted a committee in New Delhi on November 25, 2016 to
develop a digital payments option for the payment of all government-citizen transactions to flush
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First LNG Fuelled Bus in the Country launched by Shri Dharmendra Prdhan in Kerela.
i. Indias first liquefied natural gas(LNG)-driven bus was launched in
Thiruvananthapuram, Kerala by Shri Dharmendra Pradhan(Minister of Petroleum & Natural Gas)
ii. Kerala Chief Minister Pinarayi Vijayan and Shri Dharmendra Pradhan jointly flagged off the pilot
run of the LNG bus on the occassion of the 4th meeting of the Group of Ministers(GoM), set up
by the Ministry of Road Transport and Highways.
iii. The LNG bus is a joint effort of Petronet LNG Limited (PLL), Indian Oil Corporation Ltd
and Tata Motors Ltd.
Airborne lasers to throw light on Rajgirs history
i. Archaeologists in India are planning to use exclusively high-end scanning lasers on airborne
platforms to conduct survey of the archaeological evidence, flora and fauna in the Rajgir hills, Bihar
under the Rajgir Archaeological Survey Project (RASP).
ii. As part of the project, Archaeologists have planned to use Light Detection and Ranging
(LIDAR), which is a remote-sensing technique that makes use of laser light to sample the earths
surface.
6 Worlds first light-seeking synthetic nanorobot developed
i. A team of researchers headed by Dr.Jinyao Tang of the Department of Chemistry, the
University of Hong Kong, has developed the worlds first light-seeking synthetic Nano robot.
ii. With size comparable to a blood cell, those tiny robots have the potential to be injected into
patients bodies, helping surgeons to remove tumors and enabling more precise engineering of
targeted treatment. The findings have been published in October earlier in leading scientific
journal Nature Nanotechnology.
Delhi Govt Launched HPV Vaccination ProgTo Combat Cervical
i. Delhi has become the first state in the country to launch Human Papillomavirus (HPV)
vaccination as a public health programme for preventing cervical cancer among young girls.
ii. As part of the programme, girls aged between 11-13 years would be vaccinated
free of cost at Delhi State Cancer Institute (DSCI) through its setups in east and west Delhi.
iii. Delhi Health Minister Satyendra Jain launched the vaccination programme on the introductory
day of the International Workshop for Cancer Awareness in Delhi.
iv. The HPV vaccination programme will target girls between the age of 9 and 13 next year.
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The 48th edition of the Top500 list released in June indicated that China and
the US are neck-and-neck in performance with each other for supercomputing
supremacy.
According to the list, China overtook the US in the number of total supercomputers
installed. This time, the number of systems installed in China increased to 171 from
168on the list.
It was the first time that the US could not top the category since the list was started 23
years ago.
US hold 33.9 per cent of the overall installed supercomputers while China is second
with 33.3 per cent of the overall installed performance.
Titan and Sequoia, both systems from the US, gained No 3 and No 4 positions
respectively.
The Cori supercomputer, a new system installed at the US Lawrence Berkeley National
Laboratory, slipped at No 5 position with a performance of 14.0 petaflop/s.
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DEFENCE
India conducted Twin Trail of Prithvi-II missile in Odisha
A successful test firing of two nuclear capable Prithvi-IImedium-range ballistic missiles, was
conducted by the Indian Armed Forces on November 21, 2016, back-to-back in quick succession,
as part of training exercise, from a defence testcenter Chandipur in Odisha.
The two surface-to-surface missiles were mounted on two Mobile Tatra Transportererector Launchers (MTL) and launched from the launching complex-III (LC-III) of the
Integrated Test Range (ITR) at Chandipur.
The first missile was fired at about 9.37 AM and the second one at 9.38 AM.Both the
medium-range ballistic missiles (MRBMs) have a strike range of around 350 km and a
tendency to carry about 500 kg to 1,000 kg of weapons.
This was the first test fire in a range of three nuclear missile tests that have been lined up
in a row. Along with Prithvi-II, the other two missiles include the most sophisticated
Advanced Air Defence (AAD) interceptor which is capable of destroying incoming enemy
missiles of more than 2,000 km range and the Agni-I with a 700 km range.
Agni-I and AAD interceptor will be launched from LC-IV in the Abdul Kalam Island in full operational
configuration on November 22 and November 23 respectively.
About Prithvi
The Prithvi missile project have three variantsfor use by the Indian Army, Indian Air Force and the
Indian Navy.
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The concept of graded blacklisting and fines will be adopted as per new policy. It means
that rather than banning a guilty supplier for ever, it will be banned for specific number of
years from dealing in a particular segment along with suitable fine. The supplier will however
be permitted to bid for projects in other segments.
The Defence Acquisition Council (DAC) with Defence Minister Manohar Parrikar as its head
approved the proposal of procuring fighter jets, tanks and attack helicopters with worth of
around Rs 82,000 Crore.
DAC gave AoN to purchase 15 Light Combat Helicopter(LCH) for the Indian Army and
Air Force at a cost of about Rs 2,911 crore. Both Tejas aircraft and Light Combat
Helicopters are being manufactured by HAL.10 are for IAF and 5 are for Air force.
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AoN for buying upgraded version of Russian T90 tanks 464 in quantity manufactured
by the Ordnance Factory Board for Rs 13,448 crore.
Request For Proposal (RFP) for procurement of six additional Pinaka Multi-Barrel
Rocket Launchers at a cost of 14,633 crore.
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ENVIRONMENT
China receives first snowfall amid blue alert
i. Chinas weather department issued first blue alert warning of snow in northern part of the
country .
ii. The rain and snow are forecast to last more than 40 hours, with a blizzard possible for the
western and northern areas of the city.
Strong Earthquake of magnitude 7.3 hits Japan
i. An earthquake of magnitude 6.9rocked the Fukushima region of Japan on 22 November 2016 at
about 5:59 a.m.(local time). The metrological agency of Japan had first estimated the magnitude of
earthquake to be 7.3 but later lowered it to 6.9 on Richter scale.
ii. The epicenter of the earthquake was about 10 kilometers (6 miles) deep inside the coast
of Fukushima prefecture as per the Japan Meteorological Agency (JMA). Also in its latest update
JMA informed that no tsunami damage is expected however surge in waves may be experienced.
Archaeologists uncover 7000-year old city in Egypt
i. Egypt Archaeologists have uncovered an ancient Egyptian city and 15 graveyard that
belongs 5300 BC announced by antiquities minister Mahmoud Afifi
ii. The city and cemetery was discovered about 400 metres from the Temple of Seti I in the
ancient city of Abydos which was founded by predynastic rulers in southern Egypt.
Hurricane & Earthquake simultaneously attacked Central America
i. Two natural disasters including a powerful hurricane and an offshore earthquake hit
the Central America simultaneously on November 24, 2016 in Nicaragua, El Salvador and
Costa Rica.
ii. Initially 175 km per hour destruction storm, Hurricane Otto, hit Nicaraguas southern
Caribbean coast.
iii. An hour later, an earthquake, with a magnitude of 7.0 hit El Salvador in the Pacific Ocean. It
was felt also in Nicaraguas capital Managua and in Costa Rica.
Scientists discover green rice in Rice Bowl of India
i. A new variety of rice seed that is light green in colour was discovered in Chhattisgarh(Rice
Bowl of India) said by A K Sarawgi, head of department of genetics and breeding in Indira Gandhi
Agriculture University.
ii. The seed was provided to the university by farmers from Dhamtari and Durgdistricts.Based
on the sample, the university scientists were conducting the study.
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SPORTS
Kenyas Olympic champion Kipchoge wins Delhi Half Marathon
Reigning Olympic marathon champion Eliud Kipchoge from Kenya won the mens race of Delhi
Half Marathon in a fast time while Worknesh Degefa from Ethiopia clinched the womens title on
November 20, 2016 at the Jawaharlal Nehru Stadium.Both the winners will get USD 27,000 for
their victories
Indian Participants :
Indian men winners : G Lakshmanan(1h and 4 m) followed by Mohd. Yunus and Man Singh
Indian women winners: Monika Athare(1h and 15 m) followed by Sanjeevani Jadhav and Swati
Gadhave .
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Winner
Indias PV Sindhu
South Korea pair Chang
Ye - na and Lee So hee
Denmarks Jan .
Jrgensen
Chinese pair of Chai B and
Hong W
Indonesian pair Tontowi
Ahmad and Liliyana Natsir
Runner
Chinas Sun Yu
China pair Li Yinhui and
Huang Dongping
Malaysias I Z Zainuddin
Indonesian pair of M F
Gideon and K S Sukamuljo
South Korean pair of Choi
S-g and Chae Y- j
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897
844
838
822
809
Points
Points
Points
Points
Points
The 13th World Robot Olympiad(WRO) to be held for the first time in India this year
i. The 13th World Robot Olympiad(WRO) will be held at the India Expo Mart, Greater Noida, India
from 25 to 27 November 2016. The theme for the event this year is Rap the Scrap. This year a
new robot football game named WRO Football has been included in the Olympiad.
ii. Over 2,000 students from 54 countries will participate in the event and find scientific ways
using robotic technology to reduce, manage and recycle waste produced from daily use.
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Runner
Sameer Verma(India)
P.V. Sindhu(India)
Mathias Boe & Carsten
Mogensen(Denmark)
Huang Dongping & Li
Yinhui(China)
Praveen Jordan & Debby
Susanto(Indonesia)
Six Indian male shuttlers in World Top 50 for the first time
i. As per the latest rankings released by the Badminton World Federation(BWF), SixIndian
male shuttlers ranked amongst the Top 50 in World.
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Greco-Roman 66kg:
Greco-Roman 75kg:
Greco-Roman 80kg:
Greco-Roman 85kg:
Greco-Roman 130kg:
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Winner
A. Murray
H. Kontinen / J. Peers
Runner
J. Isner
P. Herbert / N. Mahut
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OBITUARY
Iran novelist William Trevor dies at 88
i. Irish novelist and playwright William Trevor dies in London on November 21, 2016. He was 88.
ii. William was a master of short stories that often explored lifes disappointments.He written more
than 15 novels and many more short stories.
iii. He has won the Britains Whitbread prize three times and his book was short-listed four
times for the Booker Prize include The Story of Lucy Gault in 2002
Veteran Carnatic music exponent M Balamurali Krishna passed away at 86
i. Veteran Veteran vocalist and Padma Vibhushan awardee M Murali Krishna passed away in
Chennai on November 22 2016. He was 86.
ii. Balamuralikrishna has given his first live concert, at the age of 8. The title Bala, was given by
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IMPORTANT DAYS
31 October to 6 November, 2016.
Remember Day: Global Media and Information Literacy Week
Purpose : To share the latest research, projects and new ideas from a diverse range of
stakeholders.
Organization: UNESCO
Theme: Media and Information Literacy: New Paradigms for Intercultural Dialogue.
Nov 1 2016
Remember Day: No Tobacco Day
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about cancer
Organization: GOI
Remember Day: The 128th anniversary of Sir CV Raman
Organization: GOI
Nov 8 2016
Remember Day: International Day Of Radiology
Purpose : To marks the importance of radiology in diagnosis of severe diseases like cancer.
Organization: ESR, RSNA and ACR
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Nov 20 2016
Remember Day: Universal Childrens Day
Purpose : : To promote awareness in the society for international togetherness, awareness among
children worldwide, and improving childrens welfare.
Organization: UN
Theme: Stop Violence against the Children
Nov 21 2016
Remember Day: World Television Day
Purpose : To give recognition of the increasing impact television has had on decision-making by
bringing various conflicts and threats to peace and security to the worlds attention
Organization: UN
Remember Day: World Day of Remembrance for Road Traffic Victims(Third Sunday of November)
Purpose : To remember millions who were killed or injured in road crashes.
Organization: UN
Theme: Vital post-crash actions: Medical Care, Investigation, Justice!.
Nov 25 2016
Remember Day: International Day for the Elimination of Violence Against Women
Purpose : To raise awareness of the fact that women around the world
Organization: UN
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Nov 29 2016
Remember Day: International Day of Solidarity with the Palestinian People
Purpose : To mark the anniversary of resolution 181.
Organization: UN
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Current Affairs
Current Affairs 2016
Current Affairs Today
Current Affairs PDF
Current Affairs Quiz
Current Affairs Mock Test
Study Materials PDF
Reasoning Questions
Quantitative Aptitude Questions
English Questions
Computer Questions
Banking Awareness Questions
General Aptitude
Reasoning
Letter Writing
Math Tricks
Computer Awareness
GOOD LUCK WITH YOUR EXAMS!!!
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