CURRENT AFFAIRS
State News
1. Nitish Kumar
sworn-in as Chief Minister of Bihar for 7th term
·
The Chief of Janata Dal (United), Nitish
Kumar has taken an oath as the Chief Minister of Bihar and he will begin his 7th term on 16th November 2020.
· Bihar Governor Phagu Chauhan administered the
oath of office and secrecy to Mr Kumar at Raj Bhavan in Patna.
·
BJP legislature party leader Tarkishore Prasad and
Deputy leader Renu Devi have
been made the new Deputy Chief
Ministers.
· 14 other ministers were also sworn in
along with Mr Kumar. Out of them, seven are from BJP, five from JD (U) and one
each from Vikassheel Insaan Party( VIP) and Hindustani Awam Morcha (HAM).
Appointments News
2. ED Director SK
Mishra’s tenure extended by one year
·
The Union government has extended the
tenure of Enforcement Directorate
(ED) Director Sanjay
Kumar Mishra by a year after modifying his appointment order that
was issued in 2018.
·
His tenure was to end next week as the ED
director’s post comes with a fixed term of two years.
·
As per an order issued by the Department
of Revenue under the Union finance ministry on Friday, the 2018 order for
appointment of Mishra has been modified.
·
“The President of India is pleased to
approve the modification in the earlier order dated November 19, 2018,
appointing Shri Sanjay Kumar Mishra as director of enforcement in the
Enforcement Directorate.
Banking News
3. RBI imposes Rs 1
crore penalty on Punjab National Bank
·
The
Reserve Bank of India has imposed a penalty of Rs 1 crore on Punjab National Bank for
violating the Payment and
Settlement Systems Act, 2007.
·
Punjab National Bank was operating a
bilateral ATM-sharing arrangement with Druk
PNB Bank Ltd., Bhutan, since April 2010 without prior approval or
authorisation from India’s banking regulator.
·
RBI imposed the Rs 1 crore penalty
for “contravention of nature referred
to in Section 26 (6) of the Payment and Settlement Systems Act, 2007 (PSS
Act).”
Important takeaways
for all competitive exams:
· Punjab National Bank
Headquarters: New Delhi.
· Punjab National Bank MD and
CEO: S. S. Mallikarjuna Rao.
· Punjab National Bank
Founded: 19 May 1894, Lahore, Pakistan.
4. SBM Bank India set to launch a neo banking platform
·
SBM Bank India, the wholly-owned
subsidiary of State Bank of
Mauritius has partnered with Fintech PayNearby to launch a neo banking platform.
·
Both
firms signed a Memorandum of Understanding (MoU) to build an “open banking”
network towards delivering basic banking solutions as well as advanced
financial services, to their customers.
·
The
partnership would enable the Bank to offer a complete suite of digital and
assisted banking solutions through PayNearby’s network of micro-enterprise and
retail touchpoints.
·
The
deployment of the banking module will be done in a phased manner and will work
seamlessly with the existing platforms at PayNearby outlets and touchpoints.
·
SBM
Bank India was the first foreign bank in India to obtain a banking licence from
the Reserve Bank of India to operate as a Wholly Owned Subsidiary in January 2019.
Important takeaways for all competitive exams:
· SBM Bank (India) Limited
Headquarters: Mumbai, Maharashtra.
· SBM Bank (India) Limited MD
and CEO: Sidharth Rath.
· SBM Bank (India) Limited
Commenced Operations– 1st December 2018.
· SBM Bank (India) Limited
Tagline: We make banking convenient for you.
Business News
5. HDFC Bank, IndusInd
in ‘red flag’ list on nearing foreign investment cap
·
HDFC
Bank & IndusInd Bank have been put in the ‘red flag’ list, a system used
for monitoring foreign portfolio
investor (FPI) limits.
·
A listed company enters the list when the
available legroom for overseas investment is less than 3% of the permissible limit.
·
FPIs can invest up to 74% in both HDFC
Bank and IndusInd Bank.
·
The current FPI shareholding in case of
HDFC Bank is 71.3 per cent, while
that of IndusInd Bank is 73. 1 per
cent.
·
Besides these two, Novartis India and Procter & Gamble Hygiene and Health Care are
the only other companies in the red-flag list.
Awards News
6. Dr Susanta Kar
Honoured with Prof. A N Bhaduri Memorial Lecture Award-2020
·
Dr
Susanta Kar, Senior Scientist, Molecular
Parasitology and Immunology, Council of Scientific & Industrial Research-
Central Drug Research Institute (CSIR-CDRI) was honoured with “Prof. A N Bhaduri Memorial Lecture
Award 2020” by Society
of Biological Chemists (India), Bengaluru.
·
The award is given to him for his
contribution towards defining the survival tactics of Leishmania Donovani.
·
Leishmania Donovani is a protozoan
parasite that infects the macrophages and the causative agent of visceral leishmaniasis (Kala-Azar).
Science and Technology
7. SpaceX launches 4
astronauts into space
·
SpaceX has
launched Four Astronauts (3
Americans, 1 Japanese) to the International Space Station on the
first full-fledged taxi flight for NASA
(National Aeronautics and Space Administration) by a private
company.
·
They were launched by Falcon Rocket from the Kennedy
Space Center.
· The capsule has been named as “Resilience”. The crew was led by
Commander Mike Hopkins, Shannon Walker, Victor Glover (First Black Astronaut on
a long-term space station) mission and Japan’s Soichi Noguchi (First person in
40 years to launch on three types of spacecraft).
Obituaries News
8. Japanese
Nobel-prize-winning Masatoshi Koshiba passes away
·
Physicist Masatoshi Koshiba, who shared 2002 Nobel prize for the detection of cosmic neutrinos,
passed away.
· Koshiba’s most famous work involved
detecting neutrinos from a distant supernova
explosion using a vast detector based in a mine in central Japan.
· Koshiba, a distinguished professor at
the University of Tokyo. Koshiba
devised the construction of giant underground chambers to
detect neutrinos, elusive particles that stream from the sun.
· Neutrinos offer a unique view of the sun’s
inner workings because they are produced in its heart by the same process that
causes the sun to shine.
· His student, Takaaki Kajita, won the Nobel
Prize in physics in 2015 for research at the Super-Kamiokande facility that
found neutrinos have mass.
9. Former Pondicherry
Lt Guv Chandrawati passes away
· Former Lt Governor of Pondicherry, Chandrawati passed away. She has
a number of 1st to her credit as she was the 1st Member of Parliament (1977),
the 1st MLA, 1st minister (1964-66 and 1972-74) & 1st leader of Opposition
in the Haryana assembly (1982-85).
·
Chandrawati had also served as the
president of the Janata Party from
1977 to 1979.
Miscellaneous News
10. PM Narendra Modi
unveils Swami Vivekananda’s statue on JNU
· Prime Minister Narendra Modi has unveiled
a statue of Swami Vivekananda in Jawaharlal Nehru University Campus, New Delhi through
video conferencing.
·
It took renowned sculptor Naresh Kumawat seven months to
complete this statue of Swami Vivekananda on the JNU campus.
·
Located about 300 metres from a statue of India’s first prime minister, the
statue of Swami Vivekananda is about three feet taller than that of Jawaharlal Nehru.
·
The event was also attended by Union
Minister for Education Ramesh Pokhriyal Nishank and JNU vice-chancellor
Jagadesh Kumar.
.
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