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General Awareness for MBA: 13th Nov to 19th Nov

Nov 20, 2015 15:59 IST

    Get to know the most important news and happenings of the week (13th Nov to 19th Nov). It will help you in your preparation for General Awareness.

    Economy:

    1. Union Ministry of Finance on 13 November 2015 constituted the Governing Council (GC) of the National Investment and Infrastructure Fund (NIIF).The GC will be chaired by the Union Finance Minister and has followingfive members

    • Secretary, DEA
    • Secretary, Financial Services
    • Arundhati Bhattacharya
    • Hemendra Kothari
    • T V Mohandas Pai

    2. Union Ministry of Petroleum and Natural Gas on 16 November 2015 released a consultation paper on renewed fiscal and contractual regime for award of hydrocarbon acreages for comments from public.The purpose of the new policy is to reform the existing exploration and production management and subsequently, improve ease of doing business. It is in tune with the Policy for Marginal Fields as approved by the Union Cabinet in September 2015.

    3. The Competition Commission of India (CCI) on 17 November 2015 imposed penalties upon 3 Airlines for concerted action in fixing and revising Fuel Surcharge (FSC) for transporting cargo.  These 3 Airlines are Jet Airways (India) Ltd, InterGlobe Aviation Limited and Spice Jet Limited.

    4. Internet and Mobile Association of India (IAMAI) on 17 November 2015 released a report entitled Internet in India 2015 report.The report surveyed usage of internet on different devices (mobile, desktop, etc), in different areas (village and urban) and among different demographic segments.The key finding of the report is India’s internet user base will touch 402 million by December 2015 making it the second-largest in the world after China.

    5. The Cabinet Committee on Economic Affairs (CCEA) on 18 November 2015 approved the disinvestment of 10 percent paid up equity capital of Coal India Limited (CIL). With this disinvestment in CIL, the Union Government is expecting to mop up around 20000 crore rupees. As at current market capitalisation, based on CIL stock price, 10 percent stake sale could fetch about 21137.71 crore rupees.

    6. Union Government on 18 November 2015 launched the Technology Acquisition and Development Fund (TADF) under the National Manufacturing Policy, 2011. The TADF was launched by Minister of State for Commerce & Industry Nirmala Sitharaman. The fund will facilitate acquisition of clean, green and energy efficient technologies. It will also catalyse the manufacturing growth in Micro, Small & Medium Enterprises (MSME) sector with an aim to contribute to ‘Make in India’ initiative.

    International:

    1. The Cabinet Committee on Economic Affairs on 18 November 2015 approved extension of Indian Development and Economic Assistance Scheme (IDEAS) for five years from 2015-16 to 2019-20.The extension was approved by the Prime Minister-headed CCEA in view of continued relevance of the scheme.During the extended period, about 3771 crore rupees will be utilized as part of the scheme.

    2. The Union Cabinet on 18 November 2015 gave its approval for signing of a Memorandum of Understanding (MoU) between India and Vietnam for cooperation in the field of Animal Health.The MoU was signed in September 2014.

    3. Union Cabinet on 18 November 2015 gave its ex-post approval to the Joint Declaration of Intent (JDI) between the Ministry of Human Resource Development and Federal Foreign Office of Germany. The JDI seeks to promote German as an additional Foreign Language in Kendriya Vidyalayas (KV) schools. With this approval, German language will now be taught as an additional foreign language in KVs in conformity with the National Education Policy, 1986.

    4. India and China on 16 November 2015 decided to deepen bilateral defence ties and maintain peace and tranquility at the Line of Actual Control (LAC). The two nations also agreed to strengthen cooperation against terror, including at the international level. 

    5. India and Bangladesh on 15 November 2015 signed the Standard Operating Procedure (SOP) in New Delhi, to operationalise the “Agreement on Coastal Shipping”. The two nations inked the agreement on 6 June 2015 during the visit of Prime Minster Narendra Modi to Bangladesh.
    The SOP will pave the way to promote coastal shipping between India and Bangladesh and would enhance bilateral trade between the two countries by bringing down the cost of transportation of EXIM cargo. 

    6. India and Australia on 15 November 2015 announced completion of procedures for bringing the two-nation nuclear deal into force. The deal was finalized at the bilateral meeting between Prime Minister Narendra Modi and his Australian counterpart Malcolm Turnbull on the sidelines of the G-20 Summit at Antalya in Turkey. With the completion of procedures, including the administrative arrangements, India-Australia civil nuclear agreement will enter into force and India will be the first country to buy Australian uranium without being a signatory to the Nuclear Non-proliferation Treaty.

    7. India and the UK on 12 November 2015 announced commercial deals worth 9 billion pounds in London.The deals took place between the companies operating from both the countries and were agreed upon during the Prime Minister Narendra Modi’s visit to the UK.

    8. The Government of India announced on 12 November 2015 that it signed Memorandum of Understanding (MoU) with six countries. These countries are: Finland, Kazakhstan, Kenya, Sweden, Norway and Denmark, and Oman and Ethiopia.In addition, Agreed Minutes were signed with Serbia, Greece, and European Commission. The Record of Discussions was signed with Brunei Darussalam and Qatar.The MoUs were signed during International Civil Aviation Negotiations (ICAN) 2015, which was held in Antalya, Turkey from 19 to 23 October 2015.

    National:

    1. Union Minister of Environment, Forest and Climate Change, Prakash Javadekar on 18 November 2015 announced formation of Indian Resource Panel (InRP) on Resource Efficiency. India is the first country to constitute a National Resource Panel.The InRP was formed with an aim to promote sustainable development of the country by utilising secondary resources to meet developmental needs. 

    2. The Union Cabinet, presided by Prime Minister Narendra Modi, on 18 November 2015 approved the proposal of the Department of Health Research in the Ministry of Health and Family Welfare. As per the proposal, a National Resource Facility for Bio-medical Research (NARF) will be set-up at Genome Valley in Hyderabad by the Indian Council for Medical Research (ICMR).

    3. The Union Cabinet on 18 November 2015 approved the signing of the Tripartite Agreement among India, Brazil and South Africa (IBSA) on the IBSA Fund for the Alleviation of Poverty and Hunger. The decision will help in strengthening the IBSA Fund which is a unique vehicle in the context of South-South cooperation. 

    4. The Union Government on 6 November 2015 declared militant outfit National Socialist Council of Nagaland-Khaplang (NSCN-K) and all its formation as a terrorist organisation. It was declared so under the Unlawful Activities Prevention Act (UAPA), 1967.

    5. Union Ministry of Health and Family Welfare on 15 November 2015 launched the Affordable Medicines and Reliable Implants for Treatment (AMRIT) pharmacy outlet at the All India Institute of Medical Sciences (AIIMS) in New Delhi.

    Sports:

    1. Delhi Government appointed Inquiry panel on 17 November 2015 submitted its report and recommended immediate suspension of Delhi and District Cricket Association (DDCA). The three-member committee headed by Chetan Sanghi Principal Secretary of Vigilance Department was constituted to probe alleged financial irregularities in DDCA after the Chief Minister’s office received serious complaints about its functioning.

    2. Young shuttler Siril Verma on 15 November 2015 grabbed a silver medal at the BWF World Junior Championships held in Lima, Peru. China’s Chia Hung Lu clinched the gold medal at the Boys' singles event. With this, Verma joined the ranks of Saina Nehwal, P.V. Sindhu, R.M.V. Gurusaidutt, H.S. Prannoy and Sameer Verma, who have won medals for India in the World junior championships.

    3. FIFA, the governing body of football, on 16 November 2015 banned Nepal's football chief Ganesh Thapa for 10 years for corruption. The body also banned the president of the Laos federation Viphet Sihachakr for two years for bribery.

    4. German Formula One motor racer Nico Rosberg on 15 November 2015 defeated Lewis Hamilton to grab the Brazilian Grand Prix trophy.Sebastian Vettel grabbed the third position in the race.With the win, Rosberg reserved his place as runner-up in 2015 Formula One world championship.

    Get to know the most important news and happenings of the week (13th Nov to 19th Nov). It will help you in your preparation for General Awareness.

    Economy:

    1. Union Ministry of Finance on 13 November 2015 constituted the Governing Council (GC) of the National Investment and Infrastructure Fund (NIIF).The GC will be chaired by the Union Finance Minister and has followingfive members

    • Secretary, DEA
    • Secretary, Financial Services
    • Arundhati Bhattacharya
    • Hemendra Kothari
    • T V Mohandas Pai

     

    2. Union Ministry of Petroleum and Natural Gas on 16 November 2015 released a consultation paper on renewed fiscal and contractual regime for award of hydrocarbon acreages for comments from public.The purpose of the new policy is to reform the existing exploration and production management and subsequently, improve ease of doing business. It is in tune with the Policy for Marginal Fields as approved by the Union Cabinet in September 2015.

    3. The Competition Commission of India (CCI) on 17 November 2015 imposed penalties upon 3 Airlines for concerted action in fixing and revising Fuel Surcharge (FSC) for transporting cargo.  These 3 Airlines are Jet Airways (India) Ltd, InterGlobe Aviation Limited and Spice Jet Limited.

    4. Internet and Mobile Association of India (IAMAI) on 17 November 2015 released a report entitled Internet in India 2015 report.The report surveyed usage of internet on different devices (mobile, desktop, etc), in different areas (village and urban) and among different demographic segments.The key finding of the report is India’s internet user base will touch 402 million by December 2015 making it the second-largest in the world after China.

    5. The Cabinet Committee on Economic Affairs (CCEA) on 18 November 2015 approved the disinvestment of 10 percent paid up equity capital of Coal India Limited (CIL). With this disinvestment in CIL, the Union Government is expecting to mop up around 20000 crore rupees. As at current market capitalisation, based on CIL stock price, 10 percent stake sale could fetch about 21137.71 crore rupees.

    6. Union Government on 18 November 2015 launched the Technology Acquisition and Development Fund (TADF) under the National Manufacturing Policy, 2011. The TADF was launched by Minister of State for Commerce & Industry Nirmala Sitharaman. The fund will facilitate acquisition of clean, green and energy efficient technologies. It will also catalyse the manufacturing growth in Micro, Small & Medium Enterprises (MSME) sector with an aim to contribute to ‘Make in India’ initiative.

    International

    1. The Cabinet Committee on Economic Affairs on 18 November 2015 approved extension of Indian Development and Economic Assistance Scheme (IDEAS) for five years from 2015-16 to 2019-20.The extension was approved by the Prime Minister-headed CCEA in view of continued relevance of the scheme.During the extended period, about 3771 crore rupees will be utilized as part of the scheme.

    2. The Union Cabinet on 18 November 2015 gave its approval for signing of a Memorandum of Understanding (MoU) between India and Vietnam for cooperation in the field of Animal Health.The MoU was signed in September 2014.

    3. Union Cabinet on 18 November 2015 gave its ex-post approval to the Joint Declaration of Intent (JDI) between the Ministry of Human Resource Development and Federal Foreign Office of Germany. The JDI seeks to promote German as an additional Foreign Language in Kendriya Vidyalayas (KV) schools. With this approval, German language will now be taught as an additional foreign language in KVs in conformity with the National Education Policy, 1986.

    4. India and China on 16 November 2015 decided to deepen bilateral defence ties and maintain peace and tranquility at the Line of Actual Control (LAC). The two nations also agreed to strengthen cooperation against terror, including at the international level. 

    5. India and Bangladesh on 15 November 2015 signed the Standard Operating Procedure (SOP) in New Delhi, to operationalise the “Agreement on Coastal Shipping”. The two nations inked the agreement on 6 June 2015 during the visit of Prime Minster Narendra Modi to Bangladesh.
    The SOP will pave the way to promote coastal shipping between India and Bangladesh and would enhance bilateral trade between the two countries by bringing down the cost of transportation of EXIM cargo. 

    6. India and Australia on 15 November 2015 announced completion of procedures for bringing the two-nation nuclear deal into force. The deal was finalized at the bilateral meeting between Prime Minister Narendra Modi and his Australian counterpart Malcolm Turnbull on the sidelines of the G-20 Summit at Antalya in Turkey. With the completion of procedures, including the administrative arrangements, India-Australia civil nuclear agreement will enter into force and India will be the first country to buy Australian uranium without being a signatory to the Nuclear Non-proliferation Treaty.

    7. India and the UK on 12 November 2015 announced commercial deals worth 9 billion pounds in London.The deals took place between the companies operating from both the countries and were agreed upon during the Prime Minister Narendra Modi’s visit to the UK.

    8. The Government of India announced on 12 November 2015 that it signed Memorandum of Understanding (MoU) with six countries. These countries are: Finland, Kazakhstan, Kenya, Sweden, Norway and Denmark, and Oman and Ethiopia.In addition, Agreed Minutes were signed with Serbia, Greece, and European Commission. The Record of Discussions was signed with Brunei Darussalam and Qatar.The MoUs were signed during International Civil Aviation Negotiations (ICAN) 2015, which was held in Antalya, Turkey from 19 to 23 October 2015.

    National

    1. Union Minister of Environment, Forest and Climate Change, Prakash Javadekar on 18 November 2015 announced formation of Indian Resource Panel (InRP) on Resource Efficiency. India is the first country to constitute a National Resource Panel.The InRP was formed with an aim to promote sustainable development of the country by utilising secondary resources to meet developmental needs. 

    2. The Union Cabinet, presided by Prime Minister Narendra Modi, on 18 November 2015 approved the proposal of the Department of Health Research in the Ministry of Health and Family Welfare. As per the proposal, a National Resource Facility for Bio-medical Research (NARF) will be set-up at Genome Valley in Hyderabad by the Indian Council for Medical Research (ICMR).

    3. The Union Cabinet on 18 November 2015 approved the signing of the Tripartite Agreement among India, Brazil and South Africa (IBSA) on the IBSA Fund for the Alleviation of Poverty and Hunger. The decision will help in strengthening the IBSA Fund which is a unique vehicle in the context of South-South cooperation. 

    4. The Union Government on 6 November 2015 declared militant outfit National Socialist Council of Nagaland-Khaplang (NSCN-K) and all its formation as a terrorist organisation. It was declared so under the Unlawful Activities Prevention Act (UAPA), 1967.

    5. Union Ministry of Health and Family Welfare on 15 November 2015 launched the Affordable Medicines and Reliable Implants for Treatment (AMRIT) pharmacy outlet at the All India Institute of Medical Sciences (AIIMS) in New Delhi.

    Sports:

    1. Delhi Government appointed Inquiry panel on 17 November 2015 submitted its report and recommended immediate suspension of Delhi and District Cricket Association (DDCA). The three-member committee headed by Chetan Sanghi Principal Secretary of Vigilance Department was constituted to probe alleged financial irregularities in DDCA after the Chief Minister’s office received serious complaints about its functioning.

    2. Young shuttler Siril Verma on 15 November 2015 grabbed a silver medal at the BWF World Junior Championships held in Lima, Peru. China’s Chia Hung Lu clinched the gold medal at the Boys' singles event. With this, Verma joined the ranks of Saina Nehwal, P.V. Sindhu, R.M.V. Gurusaidutt, H.S. Prannoy and Sameer Verma, who have won medals for India in the World junior championships.

    3. FIFA, the governing body of football, on 16 November 2015 banned Nepal's football chief Ganesh Thapa for 10 years for corruption. The body also banned the president of the Laos federation Viphet Sihachakr for two years for bribery.

    4. German Formula One motor racer Nico Rosberg on 15 November 2015 defeated Lewis Hamilton to grab the Brazilian Grand Prix trophy.Sebastian Vettel grabbed the third position in the race.With the win, Rosberg reserved his place as runner-up in 2015 Formula One world championship.

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