Current Affairs: Daily GK Update 16th November 2017

i. National Press Day is celebrated on November 16 to commemorate the establishment of the Press Council of India.
ii. Formed in 1966, the Press Council keeps a check on the quality of reportage provided by the Indian press.

i. The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given the following set of approvals. The full list of Cabinet Approvals is given as follows.

ii. The Cabinet has approved-

1. The establishment of the National Anti-profiteering Authority under GST.
2. Resolution for adoption of the recommendations of the Railway Convention Committee (2014) as contained in their Sixth Report on “Rate of Dividend payable by the Railways to the General Revenues for the year 2016-17 and other ancillary matters”.
3. Agreement between India and Belarus on Scientific and Technological Cooperation for mutual benefit in the areas of science, technology, agriculture, etc.
4. MoU between India and Poland for the promotion of Civil Aviation Cooperation.
5. Continuation of sub-schemes under Umbrella Scheme “Integrated Child Development Services (ICDS)” for the period till November 2018.

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-

i. India’s Ambani family has topped the Forbes list of Asia’s Richest Families for the first time with a net worth of $44.8 billion, up $19 billion from the previous year. The collective wealth of Asia’s 50 richest families on the list is a record $699 billion, according to the Forbes.

ii. Top 3 Families in Asia-

1. India’s Ambani Family- $44.8 billion.

2. Korea’s Lee family- $40.8 billion.

3. Hong Kong’s Kwok family- ($40.4 billion).

iii. Top 3 Families in India-

1. India’s Ambani Family- (Rank 1; $44.8 billion).

2. Premji family (Rank 11; $19.2 billion net worth).
3. Mittal family (Rank 14; $17.2 billion).

News In-a-Line:

India’s Ambani family- topped Forbes list of Asia’s Richest Families- first time- a net worth $44.8 billion.

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-

i. The Reserve Bank of India has reportedly rejected HDFC Bank’s plea to declassify its parent Housing Development Finance Corporation Limited (HDFC) as a foreign institutional investor (FII).
ii. The RBI has rejected the request citing current rules which require HDFC to be classified as FII. The move will have an impact on HDFC Bank’s fundraising program from qualified institutional placement (QIP).

News In-a-Line:
RBI- Rejected HDFC Bank’s plea to declassify- HDFC Ltd as a foreign institutional investor (FII).

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-

1. HDFC Bank CEO- Aditya Puri, Headquarter- Mumbai.
2. HDFC Bank- India’s largest lender by market capitalization.

i. According to the UN report, Syria has officially signed up to the Paris Agreement, leaving the United States as the only country to reject the global climate-rescue pact.

ii. Syria became the 169th of 196 countries that are members of the UN climate convention to take the legal step of ratification. After Nicaragua signed up in October 2017, Syria and USA were the only countries not to have adopted the pact.

News In-a-Line:

Syria- signed- Paris Agreement- United States- the only country to reject the global climate-rescue pact.

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam. 

i. Binge watching in public is the new trend in India, and Indians are the second-highest public bingers in the world  (88 percent), just behind Mexico (89 percent), according to a survey released by online streaming platform Netflix.

ii. The survey was conducted by SurveyMonkey from August 24 – September 7, 2017, and based on 37,056 responses.

News In-a-Line:

Binge watching- Indians- second-highest public bingers in the world  (88 percent)– behind Mexico (89 percent)- by survey of online streaming platform Netflix.

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-

i. Canada hosted the 2017 UN Peacekeeping Defence Ministerial Conference in Vancouver, Canada. This conference is the largest gathering of Defence ministers dedicated to UN Peacekeeping.

ii. The goals of this conference are-

News In-a-Line:

UN Peacekeeping Defence Ministerial Conference 2017– in Vancouver, Canada– dedicated to UN Peacekeeping.

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-

i. The government launched the ‘Bharat 22’ exchange traded fund (ETF) managed by ICICI Prudential Mutual Fund, targeting an initial amount of about Rs8,000 crore.
ii. The ETF is part of the government’s overall disinvestment programme and mirrors the S&P BSE Bharat 22 Index, which comprises select companies from the CPSE (central public sector enterprises) universe, stakes held under the Specified Undertaking of the Unit Trust of India (SUUTI), and state-run banks.

i. The Food and Drug Administration has approved the first drug in the United States with a digital ingestion tracking system, in an unprecedented move to ensure that patients with mental illness take the medicine prescribed for them.

ii. The drug Abilify MyCite, developed by Otsuka Pharmaceutical Co. Ltd, was first approved by the FDA in 2002 to treat schizophrenia.

News In-a-Line:

Food and Drug Administration (FDA)- approved 1st drug in the United States with a digital ingestion tracking system- named Abilify MyCite– developed by Otsuka Pharmaceutical Co. Ltd.

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-

i. Shri R.K. Singh, Minister of State (IC) for Power and New & Renewable Energy, launched the Pradhan Mantri Sahaj Bijli Har Ghar Yojana – ‘Saubhagya’ Web Portal.

ii. The portal can be accessed at http://saubhagya.gov.in.

About Saubhagya Scheme-

‘Saubhagya’ scheme was launched by Prime Minister of India, Shri Narendra Modi on 25th September 2017 with an outlay of Rs. 16,320 Crores including Budgetary Support of Rs. 12,320 Crores.

i. The Andhra Pradesh Mineral Development Corporation (APMDC) has bagged an international award from Abu Dhabi. 

ii. The ADI PEC (Abu Dhabi International Petroleum Exhibition and Conference) Excellence in Energy Awards 2017 had adjudged the APMDC as the winner for the second position in the category of “social contribution in country value.”

News In-a-Line:

Andhra Pradesh Mineral Development Corporation (APMDC)– bagged an international award from Abu Dhabi- in the category of “social contribution in country value.”

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-

i. Eminent chartered accountant Sethurathnam Ravi has been appointed as the chairman of the leading Bombay Stock Exchange (BSE).

ii. Ravi, who was a public interest director at the BSE, replaced Dhirendra Swarup.

News In-a-Line:

Bombay stock exchange (BSE)’s  new chairman- Sethurathnam Ravi- replaced Dhirendra Swarup.

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-

i. Indian tennis duo of Leander Paes and Purav Raja lifted the Knoxville Challenger title after clinching a fighting win in the finals of the men’s doubles event in Tennessee.

ii. The top-seeded pair fought hard in two consecutive tie-breakers to defeat the American-Australian duo of James Cerretani and John Patrick Smith 7-6, 7-6 in the summit showdown of the USD 75,000 hard-court event.
iii. It is the first-ever title of Paes and Raja after they joined forces earlier this year in August.

News In-a-Line:

Leander Paes and Purav Raja- won Knoxville Challenger title- in men’s doubles event- in Tennessee.

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-

1. Tennessee Capital- Nashville.

i. Renowned Hindustani vocalist of Kirana Gharana, Jagdish Mohan has passed away. He aged 87. He was from Haridwar.

ii. Mohan was honored with the Sangeet Sartaj award by Pracheen Kala Kendra, Chandigarh for his vast contribution to Indian classical music.

News In-a-Line:

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