Current Affairs Current Affairs November 2018

 The Central Institute of Medicinal and Aromatic Plants (CIMAP) has signed an agreement with US-based Research Institute for Fragrant Materials (RIFM) for improving the quality of fragrant oils. RIFM internationally standardizes the quality of fragrant materials. The pact was signed by Anil Kumar Tripathi, Director CSIR-CIMAP and Jim Romane,President of the RIFM at the conclusion of the two-day annual conference of the International Fragrance Association in Paris.
Source: The Business Standard

 State-owned NBCC (India) Limited (formerly National Buildings Construction Corporation Limited) has signed an agreement with the Health Ministry to acquire Hospital Services Consultancy Corporation (HSCC). Earlier NBCC had stated that it will buy out the government’s stake in consultancy firm HSCC for Rs 285 crore. HSCC, under the Ministry of Health and Family Welfare,provides consultancy services in healthcare and other social sectors in India and abroad.
Source: The Business Standard

 The RBI canceled the certificate of registrations of as many as 31 NBFCs for unspecified reasons. It also canceled the certificate of registrations of 17 NBFCs following a request by them for the same. The action comes amid difficulties faced by the NBFCs sector. A majority 27 of 31 companies which lost licenses are from Bengal.
Source: The Times of India

  Xinhua, China’s state-run press agency, recently unveiled virtual newsreaders that combine the images and voices of human anchors with artificial intelligence (AI)technology. Xinhua unveiled two AI newsreaders, one that speaks in English and one in Chinese. Xinhua developed the robot anchor with Chinese search engine
Source: NDTV

 Former IAS Officer Ashok Kumar Gupta has been appointed as the Chairman of the Competition Commission of India (CCI).  His appointment has been approved by the Appointments Committee of the Cabinet. Mr Gupta has replaced Sudhir Mittal. His tenure as the CCI Chairman will be till October 25, 2022, i.e. when attains the age of 65 years, or until further orders, whichever is earlier.
Source- Business Standard

 Tamil Nadu has received the nod from the market regulator Securities and Exchange Board of India (SEBI) to launch its State Shelter Fund for attracting investments in the affordable housing segment. The Tamil Nadu government established the Tamil Nadu Infrastructure Fund which is the category-I Alternative Investment Fund. The announcement was made by the Deputy Chief Minister of the State O Panneerselvam at a conference on ‘Innovative and Alternative Finance for Business and Infrastructure Development in India’ organized by the United Economic Forum (UEF) Chamber of Commerce and World Islamic Economic Forum Foundation (WIEF).
Source- Times Now

 The ACC has approved the appointment of S. S. Deswal, IPS as Director General,Indo Tibetan Border Police (ITBP). He took charge from R K Pachnanda, the outgoing DG of ITBP, who superannuated recently. Mr Deswal will hold the additional charge of the post of DG, Sashastra Seema Bal (SSB) till further orders.
Source: The Hindu

 Arunima Sinha, the Indian mountaineer who became the world’s first woman amputee to climb Mount Everest in 2013, has been awarded an honorary doctorate by a prestigious UK university for her inspirational achievements. Ms Sinha, 30, was conferred with the honorary doctorate by the University of Strathclyde at a graduation ceremony in Glasgow. She was honoured in the Barony Hall for her inspirational achievements in mountaineering.
Source- NDTV News

 Ayodhya Deepostav 2018, an event organised to mark Diwali celebrations in Ayodhya town – has entered Guinness Book of World Records. A Guinness certificate was issued to UP government’s tourism department and Dr Ram Manohar Lohia (RML) Avadh University, Faizabad, when over three lakh clay lamps were illuminated at Ram Ki Paidi on Chhoti Diwali as part of Deepotsava. Uttar Pradesh Chief Minister Yogi Adityanath had also announced that Faizabad district will now be known as Ayodhya. 
Source- The Indian Express

  The Reserve Bank has liberalised the norms governing foreign borrowings for infrastructure creation “in consultation with the Government”. As per the notification, the minimum average maturity requirement for ECBs (external commercial borrowings) in the infrastructure space raised by eligible borrowers has been reduced to three years from earlier five years. Additionally, the average maturity requirement for mandatory hedging has been reduced to five years from earlier ten years. The move comes amid concerns surrounding the availability of funds following a liquidity squeeze and the difficulties being faced by non-bank lenders, especially those facing asset liability issues due to heavy reliance on short-term funding for long-term assets.
Source- The Hindu Business Line

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