GK Update 17th November 2017 

By: D.K Chaudhary

1. National Press Day: 16 November
i. National Press Day is celebrated on November 16 to commemorate the establishment of the Press Council of India.
ii. Formed in 1966, the Press Council keeps a check on the quality of reportage provided by the Indian press.
2. Important Cabinet Approvals- 16th November 2017
i. The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given the following set of approvals. The full list of Cabinet Approvals is given as follows.
ii. The Cabinet has approved-
1. The establishment of the National Anti-profiteering Authority under GST.
2. Resolution for adoption of the recommendations of the Railway Convention Committee (2014) as contained in their Sixth Report on “Rate of Dividend payable by the Railways to the General Revenues for the year 2016-17 and other ancillary matters”.
3. Agreement between India and Belarus on Scientific and Technological Cooperation for mutual benefit in the areas of science, technology, agriculture, etc.
4. MoU between India and Poland for the promotion of Civil Aviation Cooperation.
5. Continuation of sub-schemes under Umbrella Scheme “Integrated Child Development Services (ICDS)” for the period till November 2018.

  1. Poland Capital- Warsaw.
  2. Belarus Capital- Minsk.
3. Ambanis Top Forbes List of Asia’s Richest Families
i. India’s Ambani family has topped the Forbes list of Asia’s Richest Families for the first time with a net worth of $44.8 billion, up $19 billion from the previous year. The collective wealth of Asia’s 50 richest families on the list is a record $699 billion, according to the Forbes.
ii. Top 3 Families in Asia-
1. India’s Ambani Family- $44.8 billion.
2. Korea’s Lee family- $40.8 billion.
3. Hong Kong’s Kwok family- ($40.4 billion).
iii. Top 3 Families in India-
1. India’s Ambani Family- (Rank 1; $44.8 billion).
2. Premji family (Rank 11; $19.2 billion net worth).
3. Mittal family (Rank 14; $17.2 billion).
News In-a-Line:
India’s Ambani family- topped Forbes list of Asia’s Richest Families- first time- a net worth $44.8 billion.
  1. Forbes- American business magazine, Founded in- 1917.
  2. Headquarters- New York City, USA.
4. RBI Rejects HDFC Bank’s Request to Declassify HDFC as FII
i. The Reserve Bank of India has reportedly rejected HDFC Bank’s plea to declassify its parent Housing Development Finance Corporation Limited (HDFC) as a foreign institutional investor (FII).
ii. The RBI has rejected the request citing current rules which require HDFC to be classified as FII. The move will have an impact on HDFC Bank’s fundraising program from qualified institutional placement (QIP).
News In-a-Line:
RBI- Rejected HDFC Bank’s plea to declassify- HDFC Ltd as a foreign institutional investor (FII).

  1. HDFC Bank CEO- Aditya Puri, Headquarter- Mumbai.
  2. HDFC Bank- India’s largest lender by market capitalization.
5. Syria Signs up Paris Agreement on Climate Change
i. According to the UN report, Syria has officially signed up to the Paris Agreement, leaving the United States as the only country to reject the global climate-rescue pact.
ii. Syria became the 169th of 196 countries that are members of the UN climate convention to take the legal step of ratification. After Nicaragua signed up in October 2017, Syria and USA were the only countries not to have adopted the pact.
News In-a-Line:
Syria- signed- Paris Agreement- United States- the only country to reject the global climate-rescue pact.
  1. Syria Capital- Damascus, Currency- Syrian pound, Syrian President- Bashar al-Assad.
  2. UN Secretary-General- Antonio Guterres.
6. Indians Second-Highest Public Bingers in the World: Study
i. Binge watching in public is the new trend in India, and Indians are the second-highest public bingers in the world  (88 percent), just behind Mexico (89 percent), according to a survey released by online streaming platform Netflix.
ii. The survey was conducted by SurveyMonkey from August 24 – September 7, 2017, and based on 37,056 responses.
News In-a-Line:
Binge watching- Indians- second-highest public bingers in the world  (88 percent)– behind Mexico (89 percent)- by survey of online streaming platform Netflix.
  1. Binge watching- the practice of watching multiple episodes of a television programme in rapid succession.
7. UN Peacekeeping Defence Ministerial Conference 2017 Held in Canada
i. Canada hosted the 2017 UN Peacekeeping Defence Ministerial Conference in Vancouver, Canada. This conference is the largest gathering of Defence ministers dedicated to UN Peacekeeping.
ii. The goals of this conference are-
  • to measure the progress made since the 2016 UN Peacekeeping Defence Ministerial;
  • to encourage new pledges from the Member States, particularly in areas where the UN faces gaps, such as rapid deployment, helicopters, and francophone units.
News In-a-Line:
UN Peacekeeping Defence Ministerial Conference 2017– in Vancouver, Canada– dedicated to UN Peacekeeping.
  1. Canada Capital- Ottawa, Currency- Canadian dollar, Canada PM- Justin Trudeau.
8. Government Launched Bharat 22 ETF
i. The government launched the ‘Bharat 22’ exchange traded fund (ETF) managed by ICICI Prudential Mutual Fund, targeting an initial amount of about Rs8,000 crore.
ii. The ETF is part of the government’s overall disinvestment programme and mirrors the S&P BSE Bharat 22 Index, which comprises select companies from the CPSE (central public sector enterprises) universe, stakes held under the Specified Undertaking of the Unit Trust of India (SUUTI), and state-run banks.
News In-a-Line:
Government launched- ‘Bharat 22’ exchange traded fund (ETF)- managed by ICICI Prudential Mutual Fund- targeting an initial amount of about Rs8,000 crore.
9. US Approves First Pill with Digital Tracking Device
i. The Food and Drug Administration has approved the first drug in the United States with a digital ingestion tracking system, in an unprecedented move to ensure that patients with mental illness take the medicine prescribed for them.
ii. The drug Abilify MyCite, developed by Otsuka Pharmaceutical Co. Ltd, was first approved by the FDA in 2002 to treat schizophrenia.
 
News In-a-Line:
Food and Drug Administration (FDA)- approved 1st drug in the United States with a digital ingestion tracking system- named Abilify MyCite– developed by Otsuka Pharmaceutical Co. Ltd.
  1. US President- Donald Trump (45th)
10. R.K. Singh Launches ‘Saubhagya’ Web-Portal
i. Shri R.K. Singh, Minister of State (IC) for Power and New & Renewable Energy, launched the Pradhan Mantri Sahaj Bijli Har Ghar Yojana – ‘Saubhagya’ Web Portal.
ii. The portal can be accessed at http://saubhagya.gov.in.
About Saubhagya Scheme-
‘Saubhagya’ scheme was launched by Prime Minister of India, Shri Narendra Modi on 25th September 2017 with an outlay of Rs. 16,320 Crores including Budgetary Support of Rs. 12,320 Crores.

 

About D.K Chaudhary

Polityadda the Vision does not only “train” candidates for the Civil Services, it makes them effective members of a Knowledge Community. Polityadda the Vision enrolls candidates possessing the necessary potential to compete at the Civil Services Examination. It organizes them in the form of a fraternity striving to achieve success in the Civil Services Exam. Content Publish By D.K. Chaudhary

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