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Friday, November 17, 2017

DAILY CURRENT AFFAIRS: 12 NOV 2017

DAILY CURRENT AFFAIRS: 12 NOV 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      FIRST EVER INTERNATIONAL AYUSH CONFERENCE AND EXHIBITION HELD IN DUBAI
i. The International AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy) Conference and Exhibition 2017 is held in Dubai. Minister for AYUSH Sripad Naik is on a 3-day visit to UAE to participate in the first ever International Ayush Conference and Exhibition in Dubai.
ii. This is the first ever conglomeration of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy practitioners, policy makers, industrialists, researchers and students across the world. Indian government has committed to provide 100 non-Indian students full scholarship if they study AYUSH in any of the public deemed universities across India.
iii. AYUSH ministry is also in touch with the UAE Ministry of Health to set up an AYUSH chair in Dubai.


2.      GADKARI ANNOUNCES RS 6000 CRORE WORLD BANK-BACKED IRRIGATION SCHEME
i. Union minister Nitin Gadkari announced World Bank-supported Rs 6,000 cr scheme to improve the irrigation facilities and water accessibility capacity in several states.
ii. This scheme was announced by Nitin Gadkari at the inauguration of Agrovision Exhibition. Vice President Venkaiah Naidu was present on the occasion. He performed e-jalpoojan of Kerala Lift Irrigation Scheme and right bank canal of Gosikhurdh Irrigation project.
iii. The states which will benefit from the irrigation scheme are Maharashtra, Telangana, Karnataka, Andhra Pradesh, Gujarat, Jharkhand, Madhya Pradesh, Odisha, Chhattisgarh and Rajasthan.
iv. Gadkari also announced Rs 25,000 cr-worth Daman Ganga-Pinjar river connectivity project, which is 90 per cent funded by the Centre. Its first phase will be inaugurated by PM Narendra Modi within the next three months.

3.      HARYANA, FIRST STATE IN INDIA TO TREAT HEPATITIS-C PATIENTS WITH ORAL MEDICINE
i. Haryana has emerged as the first state in the country to treat Hepatitis-C patients through oral medicine, according to the health minister Anil Vij of the state.
ii. This medicine would be provided free of cost to permanent residents of all categories at district level. The medicine and treatment costs about Rs 28,000 to Rs 30,000 in the market, but the state government would provide this facility free of cost.

4.      PNB METLIFE TO SELL POLICIES TO BAHRAIN BANK CUSTOMERS
i. Private sector life insurance company PNB MetLife has entered into a tie-up with Bank of Bahrain and Kuwait to sell retail and group insurance products to BBK’s customers in India.
ii. As per the terms of the tie-up, PNB MetLife will offer protection, health, savings and wealth plans to BBK’s customers in India spread across its branches.
iii. Besides the conventional products, customised insurance plans will also be offered to BBK customers in India. Bank of Bahrain and Kuwait has been operating in India for over 30 years while PNB MetLife has  a customer base of 93015 by September 2017.
iv. Bancassurance has been an important part of the PNB MetLife’s growth strategy. Bancassurance is a relationship between a bank and an insurance company wherein insurance company sells its products to the bank’s customers and bank gets a commission in return.

5.      HOME MINISTRY SETS UP TWO NEW DIVISIONS FOR RADICALIZATION & CYBER CRIME
i. The Union Home Ministry has formed two new divisions to exclusively deal with emerging security challenges such as radicalization and cyber crime. The two divisions called Counter-Terrorism and Counter-Radicalization and the Cyber and Information Security also encompass merger of some of the Ministry’s existing divisions.
ii. The CTCR wing is basically modified version of the Home Ministry’s internal security-II division. It will focus on tracking and assessing the online reach of global terrorist outfits and devising strategies to counter their propaganda.
iii. The CIS division will monitor online crimes and threats, including cyber fraud and hacking, and suggest ways to minimize and fight them.

6.      RBI RELEASE NEW OUTSOURCING NORMS FOR NBFCS
i. Non-banking financial companies cannot outsource core management functions like internal audit, strategic and compliance functions for know your customer norms, sanction of loans and management of investment portfolio.
ii. RBI issued fresh directions on managing risks and code of conduct in outsourcing of financial services by NBFCs. As per the notification, access to customer information by staff of the service provider shall be on 'need to know' basis i.e., limited to those areas where the information is required in order to perform the outsourced function.
iii. NBFCs have to ensure that service providers are able to isolate and clearly identify the NBFC's customer information, documents, records and assets to protect the confidentiality of the information. Any leakage of confidential customer related information should be reported to the central bank immediately otherwise NBFCs would be liable to its customers for any damages.

7.      RAVI BANGAR CONCURRENTLY APPOINTED AS AMBASSADOR OF INDIA TO ECUADOR
i. Ravi Bangar was appointed as Ambassador of India to Ecuador. He is an Indian Foreign Service Officer  of 1982 batch. He is presently the Ambassador of lndia to Colombia. He has been concurrently (at the same time) appointed as the next Ambassador of India to Ecuador.
8.      UNHCR TO GET MOTHER TERESA AWARD 2017 FOR SOCIAL JUSTICE
i. The United Nations High Commissioner for Refugees has been named as the recipient of the Mother Teresa Memorial Award for Social Justice, 2017.
ii. The UNHCR provides humanitarian aid to innumerable people internally displaced by conflicts and helping stateless people all over the world. Harmony Foundation has instituted the only official award in memory of Mother Teresa. Harmony Foundation's theme for 2017 is Compassion Beyond Borders.

9.      PADMA SHRI AWARDEE AUTHOR MANU SHARMA PASSES AWAY
i. Noted author and Padma Shri awardee Manu Sharma died in Varanasi, Uttar Pradesh following a prolonged illness. He was 89.
ii. He was nominated as one of the navratna of the Swachha Bharat Abhiyan by Prime Minister Narendra Modi.

10.  NATIONAL EDUCATION DAY – NOVEMBER 11
i. National Education Day was observed all over India on 11th November to mark the birth anniversary of Maulana Abul Kalam Azad, the first education minister of independent India.
ii .The objective of celebrating National Education Day is to strengthen our educational institutions and to raise the quality of education to greater heights.
iv. On this day seminars, symposia, essay-writing, elocution competitions, workshops and rallies with banner cards and slogans on the importance of literacy and nation’s commitment to education are conducted.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1.  NAME THE PRIVATE SECTOR LIFE INSURANCE COMPANY THAT HAS ENTERED INTO A TIE-UP WITH BANK OF BAHRAIN AND KUWAIT TO SELL RETAIL AND GROUP INSURANCE PRODUCTS TO BBK’S CUSTOMERS IN INDIA?
a)  Exide Life Insurance
b)  Bajaj Alliance Life Insurance
c)  PNB MetLife
d)  Aviva India          
Q2. WHICH STATES BECOMES THE FIRST STATE TO TREAT HEPATITIS-C PATIENTS THROUGH ORAL MEDICINE?
a)  Haryana
b)  Jharkhand
c)  Sikkim
d)  Madhya Pradesh
Q3. WHICH ORGANISATION IS SELECTED TO FOR MOTHER TERESA AWARD 2017 FOR SOCIAL JUSTICE?
a)  UNICEF
b)  World Vision
c)  UNESCO
d)  UNHCR
Q4. WHERE DID THE FIRST EVER INTERNATIONAL AYUSH CONFERENCE AND EXHIBITION HELD AT?
a)  Saudi Arabia
b)  Dubai
c)  Abu Dhabi
d)  Iran
Q5. WHO WAS APPOINTED AS AMBASSADOR OF INDIA TO ECUADOR?
a)  Shamma Jain
b)  Jaideep Sarkar
c)  Ravi Bangar
d)  Debnath Shaw

ANSWERS: 

1 - C    2 - A    3 - D    4 - B    5 - C

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