Daily Update On Current Affairs – November 23, 2017

Here’s your daily summary of Current Affairs.

Conference of Commanders of Eastern Air Command commenced in Shillong        

A two-day conference of all Commanders of Eastern Air Command commenced at Shillong in Meghalaya, where issues pertaining to security are being discussed. Chief of the Air Staff Air Chief Marshal B S Dhanoa interacted with the Commanders and exhorted them to put in efforts to upgrade the operational infrastructure and capability of eastern zone. The conference was hosted by Air Marshal Anil Khosla, Air Officer Commanding-in-Chief, Eastern Air Command.

India becomes second largest fish producing country in the world
On November 21, 2017 (on the occasion of ‘World Fisheries Day’), Union Agriculture Minister, Radha Mohan Singh stated that India has become the second largest fish producing country in the world. This year India celebrated ‘World Fisheries Day’ with the theme “2022 ka hai sapnaa…… kisaan ki aay ho duguna – Sankalp se siddhi”. Total fish production in India (including capture and culture) reached 11.41 million tonnes in 2016-17. Mr. Singh mentioned that ‘Blue Revolution’ scheme which was launched with the outlay of Rs. 300 crore for the integrated development of the Fisheries sector in India has resulted in overall increase in fish production by 18.86% as compared to last three years. China occupies the first place in largest fish producing country in the world.

Zimbabwe’s Robert Mugabe resigns, ending 37-year rule

On 21st November 2017, Robert Mugabe, who ruled Zimbabwe since independence in 1980 resigned as President, ending his 37-year rule. A letter from Robert Mugabe read out by the speaker of parliament said the decision was voluntary and he made it allow for a smooth transfer of power. Until his resignation, he was the world’s oldest leader. He had previously refused to quit despite recent military takeover and days of protests in Zimbabwe.
Cabinet approves setting up of 15th Finance Commission          
The Union cabinet has approved constitution of the Fifteenth Finance Commission that will decide the formula for sharing of taxes between the Centre and states for five years starting April 1, 2020. Article 280 of the Constitution requires setting up of a finance commission within two years from the commencement of this Constitution and thereafter at the expiration of every fifth year.
Facebook aims to train 5 lakh Indians on digital skills by 2020    

Social networking giant Facebook on 22nd November said it expects to train about five lakh people in India on digital skills by 2020 and has unveiled two programmes designed for individuals and start-ups. The two programmes – Facebook Digital Training and Facebook Startup Training Hubs – are being rolled out in India before any other country. Apart from these two, Facebook also runs offline training programmes as well as Blueprint (free online training for advertising on Facebook).
Telangana makes Telugu compulsory till Inter from next academic year         

Telugu would be implemented as a compulsory subject from the first standard to Intermediate, including in the CBSE and ICSE schools, from the next academic year. Deputy Chief Minister K. Srihari, who also holds Education portfolio, reviewed the steps to be taken before the commencement of the 2018-19 academic year in tune with the decision already taken by Chief Minister K. Chandrasekhar Rao. He directed the officials to complete necessary arrangements for the implementation of the decision well in advance.
India successfully test-fires BrahMos from Sukhoi-30 fighter aircraft    

The world’s fastest supersonic cruise missile, BrahMos, was on 22nd November successfully flight-tested for the first time from the Indian Air Force’s frontline fighter, Sukhoi-30MKI. The missile was tested against a sea-based target in the Bay of Bengal. The latest test of the multi-platform weapon completes the tactical cruise missile triad for India, as it is now capable of being launched from land, sea and air.
Brahmos, which is described as the world’s fastest supersonic cruise missile (travelling at speeds of Mach 2.8 to 3.0) has been jointly developed by Defence Research and Development Organisation (DRDO) of India and NPO Mashinostroyenia (NPOM) of Russia.          
It has been named after Indian river Brahmaputra (Brah) and Russian river Moskova (Mos).
Trump, Putin Agree to Support UN in Syrian Peace Process       

USA President Donald Trump and Russian President Vladimir Putin have agreed to support the U.N. effort to “peacefully resolve” the nearly seven-year-long Syrian civil war. They also discussed ways to implement a lasting peace in Ukraine,” where pro-Russian separatists have been fighting troops loyal to Kyiv and how to keep international pressure on North Korea to end its nuclear weapon and missile development programs.
Paytm acquires stake in online loans firm CreditMate        

Paytm has bought an undisclosed stake in Urja Money Pvt. Ltd, which evaluates the creditworthiness of people seeking loans to buy two-wheelers. Paytm will use Urja’s proprietary CreditMate technology to create a loan management system in collaboration with lending partners. Mumbai-based Urja, incorporated in July 2016, has partnerships with banks and nonbanking entities on the supply side and auto-dealers on the demand side. The company raised $500,000 from India Quotient last November.    
CEO of paytm- Vijay Shekhar Sharma and Headquarters- Noida
Hike partners Airtel Payments Bank to power its wallet     

Messaging and social technology company Hike on 22nd November partnered with Airtel Payments Bank to power its wallet. Through the alliance, Airtel Payments Bank will get access to over 100 million users on Hike and will begin powering the Hike wallet product. Hike Messenger, which is backed by SoftBank, registered 30 percent month-on-month growth for its wallet service. In wake of the new Know Your Customer (KYC) guidelines of Reserve Bank of India (RBI) for mobile wallets, this tie-up will ensure that users of Hike Wallet have an uninterrupted service when the new guidelines come into force.

Andhra Bank launches scheme to push entrepreneurship          
Andhra Bank has launched a new scheme for self-help groups (SHGs) to encourage entrepreneurship. The scheme, Pattabhi Sitaramayya — Self Business Group (PS-SBG), has been introduced to commemorate the 138th birth anniversary of its founder Bhogaraju Pattabhi Sitaramayya, and the Silver Jubilee of the SHG-Bank linkage programme in the country. Under the scheme, SHGs having five years of association with Andhra Bank and having successfully completed three credit rotations with good repayment record and an aptitude for entrepreneurship will be eligible for a loan.
Managing Director & CEO of Andhra Bank is Shri Suresh N Patel and Headquarters is in Hyderabad.

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