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    Current Affairs 03rd November, 2018

    Posted on: 2018-11-03 Posted by: CLAT Gurukul Category: General Knowledge

    Current Affairs

    3 November 2018


    1. Ayurveda Day to be celebrated throughout the Country on 5th November

    • Ministry of AYUSH observes Ayurveda Day every year on Dhanawantari Jayanti (Dhanteras).
    • This year Ayurveda Day is being observed on 5th November 2018.
    • On this occasion, Ministry is organising a “National Seminar on Entrepreneurship and Business Development in Ayurveda” in association with NITI Aayog on 4th & 5th November 2018 at Dr. Ambedkar International centre, Janapth, New Delhi, with the intention to encourage entrepreneurs and Ayurveda stakeholders towards businesses opportunities in the sector.

    2. MoU signed between OMCs and CSC SPV for collaboration in LPG Services

    • An MoU for collaboration in LPG services was signed here today between Oil Marketing Companies (IOCL, HPCL & BPCL) and CSC e-Governance Services India Limited in presence of Shri Ravi Shankar Prasad, Minister of Law & Justice and Electronics & Information Technology (MeitY) and Shri Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship.

    3. Shillong to host Indian Cherry Blossom Festival from Nov 14

    • Shillong is set to host the second edition of the India International Cherry Blossom Festival between November 14 and 17.
    • This is the world’s only autumn cherry blossom festival.
    • This festival attracted more than one lakh visitors last year, boosting the local economy by 300 per cent. Meghalaya Chief Minister - Conrad K Sangma

    4. INS Viraat to be converted into a floating maritime museum soon

    • INS Viraat will be India’s first decommissioned aircraft carrier that will be turned into an adventure and maritime tourism.
    • It will host activities like scuba diving, luxury hotel, cafeteria and other adventure sports.
    • At present, Viraat is at Mumbai’s Naval dockyard after its decommissioning in 2017.
    • As per the Maharashtra government’s Rs 852-crore plan for Viraat, the ship’s conversion will be on public- private- partnership (PPP) basis.
    • The world over, only seven aircraft carriers have been converted into museums, theme parks and luxury hotels.

    5. Kolkata tops 'Ease of Moving Index 2018' by Ola Mobility Institute

    • Kolkata tops in public transport index in terms of cleanliness and affordability of public transport.
    • New Delhi was rated highly in terms of safety and ranked the best among the big cities in affording parking space to its residents. Patna and Bhubaneswar topped the list for growing and emerging cities. 

    6. Chola MS renewed its partnership with IndusInd Bank

    • Chola MS General Insurance has renewed its bancassurance partnership with IndusInd Bank for a further period of five years.
    • Chola MS General Insurance a joint venture between Murugappa group and Mitsui Sumitomo Insurance Company of Japan.
    • The partnership is to roll out more digital innovative insurance solutions, especially in claims servicing that will ensure the adoption of more products per customer.

    7. India-Japan first joint military exercise 'Dharma Guardian-2018' began in Mizoram

    • Being first of its kind, the 14 days long joint exercise is being conducted from 01 Nov 2018 to 14 Nov 2018. The Japanese contingent is being represented by 32nd Infantry Battalion while the Indian side is being represented by Gorkha Rifles.

    8. RBI allowed banks to provide PCE to NBFC bonds

    • The Reserve Bank of India (RBI) permitted banks to provide Partial Credit Enhancement (PCE), or a partial guarantee, to bonds issued by systematically important Non-Banking Financial Companies (NBFC) and Housing Finance Companies (HFC).
    • The move is to enhance their liquidity position.  It also said that the bonds backed by PCE from banks should only be utilised for refinancing the existing debt of the NBFC-ND-SIs/HFCs.
    • Banks should introduce appropriate mechanisms to ensure that the end-use condition is met. The exposure of a bank by way of PCEs to bonds issued by each such NBFC-ND-SI/HFC shall be restricted to 1% of capital funds of the bank within the extent single/group borrower exposure limits.

    9. Larsen and Toubro to get USD 200 bn solar power project in Saudi Arabia

    • Larsen & Toubro (L&T) plans to bid for an Engineering, Procurement and Construction (EPC) contract for a section of the $200 billion solar projects in Saudi Arabia to be built with the backing of Japan’s SoftBank.
    • Earlier this year, Saudi Arabia’s Public Investment Fund and SoftBank signed a MoU to invest in building the world’s biggest solar power project in Saudi Arabia.
    • This project is expected to have the capacity to produce up to 200 gigawatts (GW) by 2030. 
    • The first two solar parks are expected to generate 7.2 GW and construction work is scheduled to begin by next year.
    • On the timeline for bagging the project, there occurred some pressure in the Saudi market so it was reasonable to expect it in 12 months.

    10. China launches new high-orbit satellite to boost its BeiDou global satellite navigation system

    • This is the first BeiDou-3 satellite in high orbit, nearly 36,000 km above the Earth. 
    • It will follow the Earth’s rotation, in a geostationary orbit, and will view the same point on Earth continuously.
    • The satellite will serve countries in the China-proposed Belt and Road Initiative (BRI).
    • BeiDou global satellite navigation system will be the fourth global satellite navigation system after the US GPS system, Russia’s GLONASS and the European Union’s Galileo. 

    11. Justice Ramesh Ranganathan appointed Chief Justice of Uttarakhand

    • He served as the senior-most judge of the Hyderabad High Court.
    • He replaces Justice KM Joseph who was promoted to the Supreme Court.
    • Ramesh Ranganathan was administered the oath by Uttarakhand Governor Baby Rani Maurya in Raj Bhavan, Dehradun. Ramesh Ranganathan was born in Delhi on July 28, 1958. 
    • He was a Government Pleader from 1996 to 2000.

    12. HAL to open Light Combat Aircraft unit in Nashik

    • R. Madhavan, Chairman and Managing Director of Hindustan Aeronautics Ltd., said that HAL plans to manufacture Light Combat Aircraft (LCA) fighters at a new unit in its Nashik complex after completing the deliveries of Sukhoi-30.
    • The licence production of the last 24 Sukhoi-30 MkIs is due to end there in March 2020.  Currently, the Sukhoi-30 are manufactured in the Nashik’s MiG Complex and the two units in Bengaluru produce LCAs.
    • In the last two years, HAL has been investing around Rs.1,300 crore to increase the production rate of LCA. A part of this amount would be used to put up the third LCA unit in Nashik.

    13. First Annual Senior Care Conclave Igniting Industry for Indias Ageing Sector held in New Delhi

    • The function was hosted by Confederation of Indian Industry (CII) in collaboration with Columbia Pacific Communities as their Premium Partner.
    • Hon’ble Minister of State for Ministry of Health and Family Welfare, Government of India, Ms. Anupriya Patel released the CII report“Igniting Potential in Senior Care Services”.
    • The main aim of the conclave to discuss, debate and catalyze the growth of the sector by unlocking latent and potential opportunities. It consists of 4 plenary sessions and 2 special sessions.


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