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    Current Affairs 09th November, 2018

    Posted on: 2018-11-09 Posted by: CLAT Gurukul Category: General Knowledge

    Current Affairs

    9 November 2018


    1. 1.        Bilateral Exercise Between Indian & Republic of Singapore Navies – SIMBEX 18 - marks Silver Jubilee this Year
    • The 25th edition of SIMBEX, an acronym for “Singapore-India Maritime Bilateral Exercise” is scheduled from 10th to 21st November 2018 off Andaman Sea and Bay of Bengal.
    • Bilateral cooperation between Singapore and India was first formalised when RSN ships began training with the Indian Navy in 1994.
    • What began as a modest endeavour to exchange best practices in the field of Anti-Submarine Warfare (ASW), has in the recent years evolved into a complex high stakes exercise with both nations attaching premium in terms of time, complex advanced exercises and type of platforms involved.


    1. 2.        Global Cooling Innovation Summit to be inaugurated in New Delhi
    • To achieve dramatic breakthroughs in cooling technologies, Global Cooling Prize to be launched by Union Environment Minister.
    • Two-day Global Cooling Innovation Summit will be inaugurated by Union Science & Technology Minister, Dr. Harsh Vardhan in New Delhi on 12th November 2018.
    • The Summit is a first-of-its-kind solutions-focused event that will bring together leaders from around the world to explore concrete means and pathways to address the climate threat that comes from the growing demand from room air conditioners.
    • The event is jointly organized by the Department of Science and Technology, Government of India, along with Rocky Mountain Institute, Alliance for An Energy Efficient Economy (AEEE), Conservation X Labs and CEPT University.


    1. 3.        RBI may set-up a digital payments ombudsman by March 2019
    • The Reserve Bank of India (RBI) may set-up an ombudsman for digital payments by March to reduce the burden on banking ombudsman because of a rising number of complaints.
    • Who is the Banking Ombudsman? The Banking Ombudsman actually is a senior official appointed by the RBI to redress customer complaints against pitfalls in the stipulated banking services covered by the Banking Ombudsman Scheme 2006.
    • The Banking Ombudsman may award compensation not exceeding Rs. 1 lakh to the complainant for mental agony and harassment.


    1. 4.        Robyn Denholm replaces Elon Musk as Tesla's Chairman with immediate effect
    • In September, Elon Musk had agreed to step down as chairman of Electric carmaker Tesla as part of a settlement with the US Securities and Exchange Commission.
    • Robyn Denholm will leave her Chief Financial Officer (CFO) post at Telstra and take over Musk's position, which he's been holding for 14 years.
    • However, Musk will remain on the board as a director and Tesla CEO.


    1. 5.        Allahabad Bank to get Rs 3054 crore capital infusion from govt
    • Allahabad Bank had posted a loss of ₹1,944 crore in the June quarter compared to a profit of ₹28.8 crore a year ago. The bank received ₹1,790 crore as capital from the government in July this year.
    • Reserve Bank of India (RBI) had imposed additional restrictions on the bank under the Prompt Corrective Action (PCA) framework in May this year.


    1. 6.        World’s first AI news anchor unveiled in China
    • Chinese press agency Xinhua unveiled AI-based anchor that can read the news in English and Chinese, as naturally as a professional news anchor.
    • The system, developed with Beijing-based search engine operator Sogou, produces realistic-looking speech, lip movements and facial expressions.


    1. 7.        Samsung unveiled its first ever foldable smartphone prototype
    • Samsung has unveiled its first-ever foldable smartphone prototype, which, when opened, transforms into a small pocket-sized tablet. 
    • Samsung calls its foldable phone technology the 'Infinity Flex Display'.
    • The device looks like a standard Smartphone when closed.
    • It opens like a book to reveal another 7.3-inch display, which would be one of the largest phone screens ever released.


    1. 8.        Thailand to waive visa on arrival fee for Indian travellers    
    • To boost the slump in tourism, the Thai cabinet has announced a waiver on the visa-on-arrival fee for visitors from 20 countries -  Andora, Bulgaria, Bhutan, China, Cyprus, Ethiopia, Fiji, India, Kazakhstan, Latvia, Lithuania, Maldives, Malta, Mauritius, Papua New Guinea, Romania, San Marino, Saudi Arabia, Ukraine and Uzbekistan.
    • The fee of 2,000 Baht (nearly ₹4,400) will be waived between December 1 and January 31. The waiver is expected to increase tourism in Thailand by 30%.


    1. 9.        Unemployment rate in India at 6.9%, a 2-year high: study by Centre for Monitoring Indian Economy
    • Labour participation rate a measure of the proportion of adults willing to work declined to 42.4%, the lowest since January 2016.
    • The Estimated number of persons employed during October 2018 was 397 million. 
    • This is 2.4% lower compared to the 407 million persons employed in October 2017.


    1. 10.    Meghalaya announced Rs 378 crores investment in Aqua Mission 2.0 starting April 2019
    • It is the state’s flagship aquaculture mission aimed at cutting down fish imports into the hill state. About Aqua Mission 2.0: Mission 2.0 aims at addressing the 15,000 MT shortfall of fish production in the state within the next 5 years beginning April 2019.
    • The government would also bring 1,500 ha of water areas into fisheries production facilities. Under the mission, willing partners will need to contribute only 15 per cent while another 25 per cent will be credit linkages and the rest 60 per cent government assistance.



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