Current Affairs Current Affairs November 2018

 The 26th meeting of the General Conference on Weights and Measures (CGPM)was held at Versailles(Paris), France. The members have voted for the redefinition of 130 years old “Le grand K – the SI unit of kg” in terms of the fundamental Planck’s constant(h). The new definitions will come into force on 20 May 2019. The definition of kilogram has been changed from being the mass of prototype sanctioned by the 1st CGPM held in Paris in 1889 and deposited at the BIPM to the Planck constant which is a physical constant. Likewise, the definition of meter has been changed to link it to the speed of light. There is a change in the definition of time also.
Source: Press Information Bureau

  National Stock Exchange of India (NSE) has launched a mobile application and web-based platform for retail investors to buy government securities. The new app – NSE goBID, was launched by Sebi chairman Ajay Tyagi. The platform will allow retail investors to invest in treasury bills (T-Bills) of 91 days, 182 days and 364 days and various government bonds from one year to almost 40 years.
Source: The Money Control

 Bangladesh Krida Shiksha Prothishtan (BKSP) won the 59th edition of the junior boys Subroto Cup International Football Tournament beating Amini School, Afghanistan by a solitary goal at the Ambedkar Stadium in New Delhi. Habibur Rahman scored the all-important goal in the 11th minute. A total of 95 teams and 1500 players participated in the tournament, making it one of the biggest tournaments in its category in the entire football world. Sonia Lather, silver-medal winner in the 2016 AIBA women’s World Boxing Championship was the guest of honour during the ceremony.
Awards Conferred in the 59th Edition of Subroto Cup Football Tournament: 
  • Best Goalkeeper Award: Pranub Limboo of Govt. Senior Secondary School, Namchi (Sikkim).
  • Best Player Award: Mohammad Nemil of Reliance Foundation School, Mumbai.
  • Best Coach Award: Raghu Kumar of Army Boys Sports Company, Banglore.
  • Fair Play Trophy: Reliance Foundation School, Mumbai.

  •  Saudi Arabia and the United Arab Emirates, which lead a military coalition against the Huthi rebels in Yemen, announced USD 500 million in aid to the country on the brink of famine. Saudi Arabia and the UAE will each give USD 250 million in response to the food crisis to support more than 10 million people. Saudi Arabia and the UAE intervened in the Yemen war in 2015 to bolster Yemeni President Abedrabbo Mansour Hadi after the Huthis took over the capital Sanaa.
    Source- AIR World Service

     The Oscar-winning screenwriter and best-selling author William Goldman, known for “Butch Cassidy and the Sundance Kid” and “All The President’s Men”, passes away. He was 87. Goldman also wrote the novels and then the screenplays for Marathon Man (1976), Magic (1978) and the much-loved The Princess Bride (1987). The cause of death was complications from colon cancer and pneumonia.
    Source- The Guardian 

     The Maldives cabinet has approved to rejoin the Commonwealth, two years after withdrawing from the 53-nation grouping. The announcement was made by New President of Maldives Ibrahim Mohamed Solih. Now, the proposal will be sent to Parliament for ratification. The country left the Commonwealth during former President Abdulla Yameen’s administration in October 2016, amid mounting pressure over corruption and deteriorating human rights.
    Source- AIR World Service

     India’s top junior shuttler Lakshya Sen (17 years old) won bronze medal at Li Ning BWF World Junior Badminton Championships 2018 held at Markham, Canada. In singles semi-final match, he lost to top seed and world junior number one Kunlavut Vitidsarn of Thailand. This was Sen’s first medal from this prestigious tournament in three attempts.
    Source- The Indian Express

     The Government of India, the Government of Jharkhand and the World Banksigned in New Delhi a $310 million Loan Agreement for Jharkhand Power System Improvement Project to provide reliable, quality, and affordable 24×7 electricity to the citizens of Jharkhand. The Jharkhand Power System Improvement Project will help build new power transmission infrastructure, as well as put in place systems to improve the technical efficiency and commercial performance of the state power sector utilities. The $310 Million Loan from the International Bank for Reconstruction and Development (IBRD), has a 5-year grace period, and a final maturity of 25 years.
    Source- Press Information Bureau (PIB)

     The RBI board decided to set up a high-powered committee to examine issues related to the surplus capital of Rs 9.69 lakh crore with the central bank and advised it to consider a scheme for restructuring stressed assets in the MSME sector. At the crucial meeting of the board in Mumbai, it was also decided that the Board for Financial Supervision (BFS) of the RBI would examine the issues concerning the banks health under Prompt Corrective Action (PCA) framework and the Economic Capital Framework – ECF of RBI. The Reserve Bank and the Finance Ministry will decide the committee’s composition.
    Source- AIR World Service

     SBICAP Ventures (SVL), an alternative asset manager and a wholly owned subsidiary of SBI Capital Markets, has launched two funds for the small and medium enterprises (SMEs) and affordable housing sectors. The SME fund is expecting to raise a corpus of Rs 400 crore, while the affordable housing fund would look at raising Rs 350 crore. Before this, SBICAP Ventures had launched a fund named Neev Fund in 2015 with a focus on the low-income states for small infrastructure projects.
    Source: The Economic Times


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