Current Affairs Nov 16-17, 2015

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  Current Affairs Nov 17, 2015

Aung San Suu Kyi

01. Indian Institute of Science (IISC) makes it to top 100: IISC Bengaluru has entered the list of top 100 world universities. IISC has been ranked 99th in the list. Asian universities continued their domination in the top 30, by occupying six positions.


02. ICICI Bank Canada launches GIC: ICICI Bank, Canada, a subsidiary has launched a scheme for students aspiring to study in Canada. It has been authorized to issue Guarantee Investment Certificate on behalf of Canada for students applying to study under Student Partnership Programme.

03. International Conference on Gender equality held for the first time: The first ever International Conference on Gender equality was held in India recently. The conference focused on bringing together eminent persons and policy makers to remove hurdles in gender-just development and share their knowledge on good practices in reducing gender inequalities.

04. International Children’s peace prize announced: The 2015 International Children’s Peace Prize was awarded to Abraham M.Keita for his extraordinary and peaceful fight for justice for child victims of violence. This Prize is awarded annually to a child, anywhere in the world, for his or her dedication to children’s rights.


05. Russia out of International Association of Athletics Federeations (IAAF) : Russia was provisionally suspended from IAAF recently for its alleged involvement in large scale doping. World anti-doping agency had reported the involvement by Russia and IAAF took action basing on this report.

06. Aung San Suu Kyi’s party wins elections in Myanmar: Aung San Suu Kyi’s party defeated and ousted the military junta in Myanmar elections held recently. This victory which is historic will pave way for taking the nation close to democracy.


07. 19th International Children’s Film Festival of India gets underway: The festival, which is an annual feature was inaugurated recently in Hyderabad by Children’s Film Society of India (CFSI). The festival is more popularly known as ‘Golden Elephant’.


08. Recoveries improve in bad loans of banks: Top 7 PSU banks have recovered Rs 1,845 crore by end of September quarter, compared with Rs 1,222 crore in the June quarter. SBI alone accounted for recovery to the tune of Rs 627 crore. PSU banks are taking the whip in their hands to make recovery measures more effective.

Current Affairs Nov 16, 2015

01. National Food Security Act (NFSA) implemented by Odisha Government: Odisha government has partially implemented the NFSA in 14 out of the 30 districts of the state. Under this scheme, the beneficiaries are entitled to get rice upto 5kg at Rs.3 per kg or wheat upto 5 kg at Rs.2 per kg through the Public Distribution System (PDS)


02. WPI Inflation at (-)3.81% in October 2015: The Wholesale Price Index Inflation stood at -3.81% in October 2015. It was (-)4.54% in September and 1.66 % during October 2014. This easing in WPI inflation was on account of costlier pulses and onion.


03. Bank credit still not taking off: Bank credit for the first half of the current fiscal still did not take off. The annual growth rate was just 8.4% at Rs.62.02 trillion (Rs.62.02 lakh crores) as per the reports of CARE ratings. The service sector demand declined by 0.8% to Rs.14.1 trillion.

04. Bengaluru among top three global cities for rental value: As per the report of RICS, a global body that promotes real estates standards, Bengaluru has emerged as the second city in the global rental value. Dublin and Budapest are the other two cities in the top three.


05. Fuel demand surges at hectic pace: The country’s demand for fuel surged at its fastest pace in 12 years. It rose by 17.5% in October 2015. India last month consumed 15.2 million tonnes of refined oil products,

06. India’s Current Account Deficit (CAD) to be 1% of GDP in FY 2016: India’s CAD will be 1.6% of GDP and this will be on account of low crude prices and contained gold imports, says a Citigroup report. CAD is likely to be about USD 20.6 billion (1 per cent of GDP) in 2015-16, as against USD 28 billion (1.4 per cent of GDP) last year.

07. 6 FIPB proposals worth Rs.1810 crores cleared: Foreign Investment Promotion Board (FIPB) has cleared 6 FDI proposals worth Rs.1810 crores, including that of IIFL holdings. The board has approved the proposal of IIFL Holdings, a non-banking finance company, to increase foreign equity from 50.16 per cent to 80 per cent by issuing shares to FIIs.