Here’s your daily summary of Current Affairs – November 04-05, 2018
President Kovind inaugurates Gyan Kumbh in Haridwar
President Ram Nath Kovind has stressed the need to impart quality education to the students. After inaugurating a 2-day Gyan Kumbh at Patanjali Yogpeeth in Haridwar on 3rd November, He said that besides educating children, it is imperative on the part of teachers to inculcate good manners and character building in the students.
Indo-French Conclave held in Nagpur, Maharashtra
On 2nd November 2018, Indo-French Conclave was held in Nagpur, Maharashtra, in which French and Indian firms signed 12 agreements worth 200 million Euro. The Indo-French Conclave was organized by Indo French Chamber of Commerce & Industry (IFCCI) and the Embassy of France in India.
IPO timeline to be cut from 6 to 3 days
The Securities and Exchange Board of India (SEBI) has initiated the process to reduce the timeline for public issues from the current 6 days to 3 days in a phased manner by making it mandatory for intermediaries to provide retail investors the option of bidding through the Unified Payments Interface (UPI). In the first phase starting January 1, market intermediaries have been directed to make available the UPI mechanism for retail investors along with the existing framework and processes to complete the initial public offer (IPO) process in T+6 days. Thereafter, in the second phase, the current mechanism of physically submitting bid forms from the intermediaries to the banks would be discontinued after 3 months. Simply put, the current online mechanism of Application Supported by Blocked Amount (ASBA) along with the UPI-based application system would be available from April 1, 2019.
18th Indian Ocean Rim Association Council of Ministers Meeting held in Durban, South Africa
The Theme of the IORA meeting was: “IORA: Uniting the Peoples of Africa, Asia, Australasia, and the Middle East through enhanced cooperation for Peace, Stability And Sustainable Development”. South Africa is the current chairman of the IORA organization. The launch of a special initiative entitled the “IORA Nelson Mandela ‘Be the Legacy’ internship programme” was done to empower the youth and pay tribute to Nelson Mandela. The Maldives was admitted as the 22nd member of the Association.
India-Japan signed 1,817 crore loan agreement for the construction of Turga Pumped Storage in West Bengal
A loan agreement was signed between India and Japan, for the construction of the Turga Pumped Storage in West Bengal. The Rupees 1,817 crore agreement was signed by the Additional Secretary of the Department of Economic Affairs (DEA), C.S. Mohapatra, and Katsuo Matsumoto, chief representative of the Japan International Cooperation Agency (JICA).
Subhankar Dey wins SaarLorLux Open Badminton tournament in Germany
In Badminton, Subhankar Dey has won the SaarLorLux Open at Saarbrucken in Germany. In the summit clash, the unseeded Indian defeated 5th-placed Rajiv Ouseph of Britain, in straight games, 21-11, 21-14, in what was the first encounter between the two shuttlers. This is Subhankar’s first title of 2018. In March, he had finished runner-up in the Kabal International tournament at the Czech Republic.
Khachanov stuns Djokovic to win his 1st Paris Masters title
Karen Khachanov upset a tired-looking Novak Djokovic 7-5, 6-4 to win the Paris Masters title and deprive Djokovic of the chance on 4th November to match Rafael Nadal’s record of 33 Masters titles. Djokovic, a record four-time champion at the indoor event, looked out of energy after an epic 3-hour semifinal win against Roger Federer on 3rd November.
Ashleigh Barty wins WTA Elite Trophy tennis title
Barty powered to a 6-3 6-4 win on 4th November over local hope Qiang Wang in 82 minutes to claim her second title of a consistent year. With it comes a projected rise to No.15 in the world when the WTA rankings are released on 5th November, positioning her well to avoid higher-ranked players until at least the fourth round at Melbourne Park.
Former India U19 Player Saurabh Netravalkar appointed as the captain of USA team
Almost after a decade, Saurabh Netravalkar is all set to represent the national team. But this time, not the same team. He is now geared up to lead USA side in the ICC cricket league division three. While this tournament might act as a source to gain an entry to 2023 World Cup, Saurabh’s eyes are on utilizing this opportunity to the fullest.
World Tsunami Awareness Day: 5 November
In December 2015, the UN General Assembly designated 5 November as World Tsunami Awareness Day. World Tsunami Awareness Day was the brainchild of Japan, which due to its repeated, bitter experience has over the years built up major expertise in areas such as tsunami early warning, public action and building back better after a disaster to reduce future impacts. The date for the annual celebration was chosen in honour of the Japanese story of “Inamura-no-hi”, meaning the “burning of the rice sheaves”. During an 1854 earthquake, a farmer saw the tide receding, a sign of a looming tsunami. He set fire to his entire harvest to warn villagers, who fled to high ground. Afterward, he built an embankment and planted trees as a buffer against future waves.
South Korean First Lady Kim-Jung Sook arrives in India
South Korean First Lady Kim Jung-sook arrived in New Delhi on 4th November for a 4-day visit during which she will participate in Diwali festivities and ceremony involving a memorial for a Korean queen in Ayodhya. According to Korean legend, Princess Suriratna from Ayodhya had traveled to Korea, married a king some 2000 years ago.
Learn Two a Day:
Nauradehi Wildlife Sanctuary: Madhya Pradesh
Lippa Asrang Wildlife Sanctuary: Himachal Pradesh