CURRENT AFFAIRS 22/11/2017
CURRENT AFFAIRS 22/11/2017
i. The Cabinet has approved the
setting up of the 15th Finance Commission which will assess the tax resources
of the nation and suggest a formula for their devolution among states. Its
recommendations will have to be in place before April 1, 2020, it takes 2 years
for Finance Commission to give its recommendations.
ii. As per Article 280 of the
Constitution, the Commission is required to make recommendations on the
distribution of the net proceeds of taxes between the Centre and the
States.
i. Brahmos, the world’s fastest
supersonic cruise missile created history after it was successfully
flight-tested first time from the Indian Air Force’s (IAF) frontline fighter
aircraft Sukhoi-30MKI against a sea-based target in the Bay of Bengal.
ii. The successful maiden test firing
of Brahmos Air Launched Cruise Missile (ALCM) from Su-30MKI will significantly
bolster the IAF’s air combat operations capability from stand-off ranges.
i. Combining the production of all
types of fisheries (capture and culture), the total fish production has reached
at about 11.41 million tonnes in 2016-17 and India has become the second
largest fish producing country in the world, Union Agriculture Minister Radhan
Mohan Singh stated while addressing a conference on the occasion of World
Fisheries Day in New Delhi.
ii. The scheme 'Blue Revolution' has
been launched with the outlay of Rs. 300 crore for the integrated development
of the Fisheries sector in the country. As a result, overall fish production
has registered an increase of about 18.86% in comparison to the last three
years, whereas inland fish production has registered a growth of more than 26%.
i. A two-day conference of all
Commanders of Eastern Air Command commenced at Shillong in Meghalaya, where
issues pertaining to security are being discussed.
ii. Chief of the Air Staff Air Chief
Marshal B S Dhanoa interacted with the Commanders and exhorted them to put in
efforts to upgrade the operational infrastructure and capability of eastern
zone.
i. Andhra Bank has launched a
new scheme for self-help groups (SHGs) to encourage entrepreneurship. The
scheme, Pattabhi Sitaramayya — Self Business Group (PS-SBG), has been
introduced to commemorate the 138th birth anniversary of its founder Bhogaraju
Pattabhi Sitaramayya, and the Silver Jubilee of the SHG-Bank linkage programme
in the country.
ii. Under the scheme, SHGs having
five years of association with Andhra Bank and having successfully completed
three credit rotations with good repayment record and an aptitude for
entrepreneurship, will be eligible for a loan.
Telugu
would be implemented as a compulsory subject from first standard to
Intermediate, including in the CBSE and ICSE schools, from the next academic
year in Telangana.
Deputy
Chief Minister K. Srihari, who also holds Education portfolio, reviewed the steps
to be taken before the commencement of the 2018-19 academic year in tune with
the decision already taken by Chief Minister K. Chandrasekhar Rao.
i. Paytm has bought an undisclosed
stake in Urja Money Pvt. Ltd, which evaluates creditworthiness of people
seeking loans to buy two-wheelers. Paytm will use Urja’s proprietary CreditMate
technology to create a loan management system in collaboration with lending
partners.
ii. Mumbai-based Urja, incorporated
in July 2016, has partnerships with banks and non-banking entities on the
supply side and auto-dealers on the demand side. The company raised $500,000
from India Quotient last November.
i. Social networking giant
Facebook stated that it expects to train about five lakh people in India on
digital skills by 2020 and has unveiled two programmes designed for individuals
and start-ups.
ii. The two programmes - Facebook
Digital Training and Facebook Startup Training Hubs - are being rolled out in
India before any other country. Apart from these two, Facebook also runs
offline training programmes as well as Blueprint (free online training for
advertising on Facebook).
i. US
President Donald Trump and Russian President Vladimir Putin has agreed to
support the U.N. effort to "peacefully resolve" the nearly
seven-year-long Syrian civil war.
ii. They
also discussed ways "to implement a lasting peace in Ukraine," where
pro-Russian separatists have been fighting troops loyal to Kyiv, and how to
keep international pressure on North Korea to end its nuclear weapon and
missile development programs.
i. Robert Mugabe has resigned
as president of Zimbabwe with immediate effect after 37 years in power,
ushering in a new era for a country as uncertain as it is hopeful.
ii. The man who ruled with an
autocrat’s grip for so many years finally caved to popular and political
pressure hours after parliament launched proceedings to impeach him.
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