Current Affairs – November 24, 2018

November 24 2018 - Current Affairs - November 24, 2018

Here’s your daily summary of Current Affairs – November 24, 2018

National - Current Affairs - November 24, 2018

Odisha CM releases Men’s Hockey World Cup anthem ‘Jai Hind India’

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Odisha Chief Minister Naveen Patnaik on 23rd November released Men’s Hockey World Cup anthem composed by renowned music director and composer A.R. Rahman and penned by veteran lyricist Gulzar. The Chief Minister released the hockey sports anthem ‘Jai Hind’ in the presence of Rahman in the state capital.

Manipur Sangai Festival 2018 begins in Imphal

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Speaking on the occasion, Union Defence Minister highlighted the State’s potential in natural resources not to speak of the Loktak Lake, the largest freshwater lake in North East, while State Governor Dr. Heptulla said the festival helps in promoting the traditional activities of the State to the outside world. Manipur Chief Minister Biren also spoke on the occasion.

Karnataka CM launches ‘Badavara Bandhu’ scheme of lending to street vendors

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‘Badavara Bandhu’, the ambitious scheme of the state government meant to rid street vendors from the clutches of moneylenders, was launched by Karnataka chief minister (CM), H D Kumaraswamy on 22nd November. Under the said scheme, street vendors would be able to get loans between Rs 2,000 and 10,000 to run their businesses.


Odisha CM Launches Drinking Water Project ‘Basudha’

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Odisha Chief Minister Naveen Patnaik has laid the foundation stone for the proposed drinking water supply project ‘BASUDHA’ (Buxy Jagabandhu Assured Water Supply to Habitations) at Gomundia in Krushnaprasad block of Puri district. The Rs 183 crore worth drinking water project will benefit 147 villages, including 92 villages of Puri and 55 villages of Ganjam districts located on the banks of Chilika lake.


Business - Current Affairs - November 24, 2018
EIB, SBI to finance wind energy projects

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The European Investment Bank (EIB) and State Bank of India (SBI) agreed to cooperate on financing renewable energy and wind energy projects across India. This collaboration will be under the dedicated EUR 600 million renewable energy financing programme which supports large-scale solar investment across the country. EIB also approved a new line of credit worth USD 100 million to Yes Bank to boost private investment in clean energy projects.
European Investment Bank (EIB) HQ: Kirchberg, Luxembourg


Kotak Mahindra Bank launches Open Banking platform for a collaborative fintech ecosystem

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Towards creating a collaborative ecosystem for enterprises, fintechs and app developers, Kotak Mahindra Bank on 23rd November launched its Open Banking platform. The platform provides an open access window to fintechs and app developers to design customized offerings addressing specific customer needs in consultation with the bank. The Open Banking platform enables Kotak to nurture strong relationships with fintechs and developers, the bank said in a statement.


DBS launches co-branded debit card in a tie-up with bigbasket

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DBS Bank India has announced the launch of its first co-branded international debit card in an exclusive partnership with bigbasket, the country’s largest online food and grocery store. Curated to suit the needs of digitally-savvy consumers at digibank – the card offers value for their grocery needs, keeping in mind the requirements of the time-starved consumer. The card will enable new consumers of digibank to earn an assured cash-back on every order placed on bigbasket’s app and website. Additionally, the DigiSavings account offers an interest rate of up to 7 percent and allows consumers access to instant insurance products, personal loans, mutual funds, and more on the digibank app.
DBS Bank HQ: Singapore


Appointments 330 x 70 - Current Affairs - November 24, 2018
Delhi CEO Vijay Kumar Dev appointed as chief secretary

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Delhi Chief Electoral Officer (CEO) Vijay Kumar Dev has been appointed as the chief secretary of the national capital, an official order said. The Ministry of Home Affairs had Thursday issued the order appointing the 1987-batch IAS officer of the AGMUT (Arunachal Pradesh, Goa, Mizoram and Union Territory) cadre.


Sports - Current Affairs - November 24, 2018
World T20 renamed as T20 World Cup

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The International Cricket Council (ICC) on 23rd November announced that it has renamed the ICC World T20 as the ICC T20 World Cup. This means next editions of the events in 2020 in Australia will be known as the ICC Women’s T20 World Cup 2020 and the ICC Men’s T20 World Cup 2020.


Chelsea great Didier Drogba retires from football

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Chelsea great Didier Drogba has announced his retirement from football, ending a 20-year career that saw him win four Premier League titles and the Champions League in 2012. The 40-year-old Ivorian striker scored 164 goals in two spells with Chelsea.


International - Current Affairs - November 24, 2018
Djibouti gets first India-built center of innovation

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With China having set up its first naval base in Djibouti, India is making small moves to establish its own presence in the country. On 23rd November, Djibouti President Ismail Omar Guelleh inaugurated a center of entrepreneurship and innovation built by India.
Capital: Djibouti
Currency: Djiboutian franc


World’s first digital Ice Art Museum to open in Belgium

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It’s sure to leave you feeling chilly: towering winged warriors, animals with ferocious faces and plants with textured leaves are among sculptures on display at an ice festival in Belgium, brought to life by lights and 3D video transformations. The world’s first digital Ice Art Museum, in reality, a giant freezer, features over 80 sculptures carved from 3,000 locally-made blocks, or 500 tonnes, of ice. Forty artists of seven different nationalities have worked to create the exhibits.


Obituary - Current Affairs - November 24, 2018
Noted classical musician Ustad Imrat Khan dies

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Classical music stalwart Ustad Imrat Khan, who dedicated his life to propagating the sitar and the surbahar worldwide, has died in the US after a brief illness, his son said on 23rd November. He was 83. Imrat Khan, who famously turned down the Padma Shri last year saying the recognition had come too late and diminished his achievements, belonged to the illustrious Etawa Gharana, or the Imdadkhani Gharana, named after his grandfather Ustad Imdad Khan.


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RWA: Risk Weighted Asset
PUC: Paid Up CapitalDownload - Current Affairs - November 24, 2018

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