Current Affairs Current Affairs November 2018

 Online fashion retailer Myntra will integrate its sister firm Jabong with itself and the integrated firm will continue to be led by Myntra CEO Ananth Narayanan. The two will, however, continue to operate as separate brands. Flipkart had acquired Myntra in 2014 and Myntra had acquired Jabong in 2016. The company said since Myntra’s purchase of Jabong, the two brands have been steadily integrating key business functions and streamlining processes.
Source- The Livemint

 Dr. TS Kanaka, the continent’s first woman neurosurgeon, passed away after a brief illness at the age of 86. She was the third woman neurosurgeon in the whole world. Born on March 31, 1932, and raised in Chennai, she obtained her MBBS degree in December 1954, and Master of Surgery in Neurosurgery in March 1968.
Source: The Hindu

 The joint military exercise between India and Russia EXERCISE INDRA 2018 on combating insurgency under the aegis of United Nations (UN) was conducted at Babina Military Station in Jhansi, Uttar Pradesh. Company sized contingents of the 5th Army of the Russian Federation and a Mechanised Infantry Battalion of India participated in the training exercise. The aim of the exercise is to practice joint planning and conduct to enhance interoperability of the two Armies in the peacekeeping/enforcement environment under the aegis of the UN. This is the tenth series of Exercise INDRA. 
Source- Press Information Bureau (PIB)

 Prime Minister Narendra Modi has inaugurated the Kundli-Manesar section of the Western Peripheral Expressway. He also inaugurated the 3.2-kilometre long Escorts Mujesar-Ballabhgarh corridor of the Delhi Metro. Mr. Modi also laid the foundation stone for Vishwakarma Kaushal Vishwa Vidyalaya. The Western Peripheral Expressway also known as KMP expressway is expected to divert more than 50 thousand heavy vehicles away from Delhi. The 136-kilometer long six-lane expressway has been built at a cost of over 6400 crore rupees.
Source: News on AIR

 The World Toilet Day is organized around the world on 19th of November. The day is about inspiring action to tackle the global sanitation crisis. The theme for WTD 2018 is ‘When Nature Calls’. United Nations’ Sustainable Development Goal 6 (SDG 6) aims to ensure availability and sustainable management of sanitation and water for all by 2030.
Source- The United Nations

 Qaumi Ekta Week observed across the country from November 19th-25th to foster and reinforce the spirit of communal harmony and national integration. The observation of the week helps to highlight the inherent strength and resilience of the nation to withstand actual and potential threats to the eclectic and secular fabric of the country. The National Foundation for Communal Harmony, an autonomous organisation with the Ministry of Home Affairs, organises Communal Harmony Campaign coinciding with the Qaumi Ekta Week and observes the Communal Harmony Flag Day on 25th November.
Source: Air world Service

 French President Emmanuel Macron and Morocco’s King Mohammed VI have inaugurated Morocco’s first high-speed rail line, the first ever such line in Africa. The $2 billion project was launched in September 2011 by the king and Nicolas Sarkozy, then president of France. Known as the LGV, it will connect the economic hubs of Tangier and Casablanca in 2 hours 10 minutes at a speed of up to 320 kph (199 mph) instead of almost 5 hours on a regular train.
Source: The New York Times

 Alexander Zverev has won ATP World Tour finals in London. Alexander Zverev defeated world number one Novak Djokovic in straight sets to claim the season-ending ATP Finals and earn the biggest victory of his career. Zverev also became the first player to beat both Djokovic and Federer in the same ATP Finals. The 21-year-old Zverev became the youngest champion of the season-ending event since Djokovic claimed the first of his five titles a decade ago and the first from Germany since 1995. Djokovic was attempting to tie Roger Federer’s record of six titles but followed the same path as the Swiss great, who lost to Zverev in the semi-finals at the O2 Arena.
Source: ATP World Tour

 Karnataka Bank has launched a special campaign for opening current account and savings accounts (CASA). The campaign will remain in force for a period of three-and-a-half months from November 15 to February 28. It has been introduced as a new SB scheme ‘KBL SB – TASC’ a specialized product forTrusts/Associates/Societies/Clubs. Bank intends to open more than 4.18 lakh Current & Savings accounts by the active involvement of its 8000 plus workforce in all the 823 branches across India.
Source: The Hindu Business Line

 Sunil Mehta, the chairman of a bankers’ panel working on the faster resolution of stressed assets in public sector banks, had announced that an asset management company (AMC) for resolving large bad loans has been formed and will be called as Sashakt India Asset Management. The panel is now working towards identifying potential investors for an alternate investment fund (AIF) which will fund the AMC.
Source- The Economic Times

You need to login to perform this action.
You will be redirected in 3 sec spinner