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MOU/Agreement Countries
Countries Purpose
India Russia Russia will assist India to set up a national crisis management centre in the country to
handle disaster and other emergency situations.
India Mauritius India will offer technical support and advisory services in implementing DigiLocker
service in Mauritius.
Myanmar Bangladesh For the return of over six lakh Rohingya Muslims who had fled to Bangladesh to escape
a violent crackdown by the Myanmar military.
MOU Industry/States/Others
Companies/Organizations Purpose
Punjab National Bank Action Construction Equipment For augmenting tractors/agricultural implements
Ltd (ACE) financing to the farmers across the country
through PNB s branch network
Yes Bank Innovation Centre Denmark To bring fintech innovations and startups from
India (ICDK India) Denmark to India, and facilitate entry of Indian
startups to the region.
Reliance General Insurance YES Bank A comprehensive bancassurance-corporate
agency agreement has been signed between the
two.
Paytm ICICI Bank To jointly launch Paytm-ICICI Bank Postpaid ,
the most seamless way to access interest-free
short-term digital credit.
Karnataka Bank Boston Consulting Group (India) MoU for transformation initiatives of banks.
Pvt Ltd Project - KBL Vikaas – was launched for same.
RECOGNITIONS:
CEO of ICICI Bank Chanda Kochhar was named the most powerful woman in India as she ranked 32nd in World s
100 Most Powerful Women list by Forbes. This year s list is topped by German Chancellor Angela Merkel.
With a net worth of $38 billion, Reliance Industries Ltd (RIL) chairman Mukesh Ambani has topped Forbes annual
list of India s 100 richest tycoons of 2017. He is followed by Wipro s Azim Premji and Hinduja family.
Tata Power Solar has won Dun & Bradstreet – Everest Infra Awards 2017 under Infrastructure Project category for
commissioning India s largest solar project under Domestic Content Requirement for NTPC at Anantapur in Andhra
Pradesh.
The Sri Ranganathaswamy Temple in Srirangam, the sacred shrine temple has won the UNESCO Asia Pacific Award
of Merit 2017 for cultural heritage conservation following the massive renovation and restoration work .
Indian short film The School Bag , which tells a story based in Pakistan, has won the Best Short Film Award at the
South Asian Film Festival of Montreal (SAFFM). The film is directed by Dheeraj Jindal.
Shri Harmandir Sahib also known as Golden Temple and the Darbar Sahib has been awarded as the most visited
place of the world. The holy Sikh Shrine is situated in Amritsar, Punjab. It is surrounded by a Sarovar which is fed by
river Ravi. Book of World Records, London Awards Harmandir Sahib as the Most Visited Place of the World.
India s Ambani family has topped the Forbes list of Asia s 50 Richest Families for the first time, with a net worth of
$44.8 billion.
Bollywood legend Amitabh Bachchan honoured with personality of the year award at the International Film Festival
of India (IFFI) in Goa.
India s foreign-language Oscar hopeful Newton bagged two wins at the Asia Pacific Screen Awards in Brisbane,
with Rajkummar Rao winning the best actor, and writer Mayank Tewari and director Amit V. Masurkar grabbing the
best screenplay honour.
In a first, a woman has been inducted as a pilot in the Indian Navy. Shubhangi Swaroop, who hails from Uttar
Pradesh, will soon be flying Maritime Reconnaissance aircraft.
Future
World Youth Forum 2017 Sharm El sheikh,
Egypt
International Conference on Ramayan Circuit and Janakpur, Nepal
Mithila-Awadh Relations
ASEAN Summit 2017 Manila, Philippines
East Asia Summit 2017 Manila, Philippines
South Asia Economic Summit Kathmandu, Nepal
1st WHO Global Ministerial Conference on Ending TB Moscow, Russia The conference was themed
in Sustainable Development Era Ending TB in the Sustainable
Development Era: A Multisectoral
Response .
13th Asia-Europe Foreign Ministers Meeting Nay Pyi Taw,
Myanmar
International News
PM Narendra Modi visited the International Rice Research Institute (IRRI) in Los Banos, Philippines and inaugurated
Shri Narendra Modi Resilient Rice Field Laboratory .
Ayodhya Mahotsav , depicting the cultural heritage of the temple town, would be staged in Seoul and Gimhe cities
of South Korea next year. In return, a Korea Festival will be held in Lucknow and Ayodhya.
India has pledged to contribute about USD 2.87 million to Afghanistan in its latest financial assistance to the
neighbouring country.
Developing countries will receive $540 million to continue their work in phasing out ozone-depleting chemicals,
according to UN Environment Programme (UNEP).
Fake news, a term heavily popularised by US President Donald Trump, has been named the word of the year by
Collins dictionary due to its widespread use around the world. It was found that the use of this word registered a
365 per cent rise in the last 12 months. Fake News - false, often sensational, information disseminated under the
guise of news reporting . Last year, term selected was – BREXIT.
US grants $500k to promote religious freedom in India, Sri Lanka
United Nations hosts first talks on use of killer robots in Geneva
A Curtain Raiser Event for the Founding Ceremony of the International Solar Alliance (ISA) was held in Bonn,
Germany.
Sarajevo Haggadah, the 14th- century richly illuminated Hebrew manuscript, which was brought to Sarajevo
through the efforts of Jews fleeing persecution in Spain, has been included in UNESCO s Memory of the World
Register.
Kazakhstan is changing its name to Qazaqstan as part of a transition from Cyrillic to a Latin-based script. A national
commission will be set up to oversee the transition, which will be completed by 2025.
A female bottlenose dolphin named Nana , thought to be around 47 years old, has died at a Japanese aquarium
A five-ship Indian naval training flotilla, based in Kerala is on a visit to Sri Lanka to foster bridges of friendship
between the two countries and expose their trainees to foreign waters.
China unveiled one of the world s coolest library with more than one million books to readers. It is located in the
Binhai Cultural District in Tianjin, China.
China has unveiled Asia s largest artificial island-building ship.
China has launched world s first all-electric ship that can travel up to 80 km with 2000-tonnes cargo after a two-
hour charge.
China, which on its way to emerge as a Space Superpower, has claimed be the first nation to make contact with
alien life using the world s largest radio dish.
Guinea becomes new member of International Solar Alliance
Typhoon Damrey arrives in Vietnam
Nepal inaugurated a bridge built with India s financial assistance of USD 430,626 on the Kaligandaki river near China
border.
Nepal scraps 1200-MW Budhigandaki Hydroelectric project with China
Nepal Electricity Authority, NEA has signed a joint venture agreement with a Chinese company to construct 750
MW West Seti hydropower Project.
Scientists have developed the world s first artificial intelligence politician that can answer a person s queries
regarding local issues such as policies around housing, education and immigration.
The virtual politician, called SAM, was created by Nick Gerritsen, a 49-year-old entrepreneur in New Zealand.
Syria has officially signed up to the Paris Agreement, leaving only the United States as the only country to reject the
global climate-rescue pact.
The Saudi Ministry of Trade and Industry declared that Yoga has been listed under sports activities .
National News
Ministry of Human Resources Development has launched a Digital Signature campaign on Constitution Day
affirming faith in Indian Constitution and to generate awareness on fundamental duties enshrined in the
Constitution.
The Centre approved setting up of Pradhan Mantri Mahila Shakti Kendras across 115 most backward districts of the
country for reaching out to rural women and facilitating skill development, employment, digital literacy, health and
nutrition.
The government has given the go-ahead for setting up India s first mega coastal economic zone (CEZ) at the
Jawaharlal Nehru Port in Maharashtra as part of a plan to develop 14 such industrial clusters to spur manufacturing
and generate jobs.
The Ministry of Finance increased the maximum age of joining the National Pension System (NPS) from the existing
60 years to 65 years under NPS – Private Sector (i.e. all citizen and corporate model).
Goa ranks top, Bihar at bottom of Gender Vulnerability Index released by Child development NGO Plan India.
According to a joint study by Assocham and EY, India is home to the largest number of malnourished children in the
world.
Railways has launched the main arch of the world s highest bridge on the River Chenab in Jammu and Kashmir s
Reasi district which will provide direct connectivity to the Kashmir valley.
The Inter-State Council, which is mandated to investigate and advise on disputes between states, has been
reconstituted with Prime Minister Narendra Modi as its chairman and six Union ministers and all chief ministers as
members.
According to a gazette notification, the Union ministers who will be members of the reconstituted council are
Rajnath Singh (home), Sushma Swaraj (external affairs), Arun Jaitley (finance), Nitin Gadkari (road transport),
Thaawar Chand Gehlot (social justice and empowerment) and Nirmala Sitharaman (defence).
Cabinet approved extension of the Rashtriya Krishi Vikas Yojana (RKVY) as RKVY-RAFTAAR for fiscals 2017-18 to
2019-20.
The Rashtriya Krishi Vikas Yojana – Remunerative Approaches for Agriculture and Allied sector Rejuvenation (RKVY-
RAFTAAR) will incentivise states in increasing allocations to agricultural and allied sectors to boost farm output.
The financial allocation of the scheme will be Rs 15,722 crore.
Power and New & Renewable Energy Ministry, launched the Pradhan Mantri Sahaj Bijli Har Ghar Yojana –
Saubhagya Web Portal.
World Food India 2017 - launched Nivesh Bandhu , an Investor Facilitation Portal. Karnataka was the focus State.
Chef Sanjeev Kapoor was named brand ambassador for World Food India s Food Street. Germany, Japan and
Denmark were partner countries to World Food India, while Italy and the Netherlands were the focus countries.
A Pan India scholarship program for school children called Deen Dayal SPARSH Yojana has been launched by the
government to increase the reach of Philately. SPARSH (Scholarship for Promotion of Aptitude & Research in
Stamps as a Hobby)
Border Roads Organisation (BRO) has constructed the world s highest motorable road in the cold desert of Ladakh.
Tata Steel has established India s largest Coke Dry Quenching (CDQ) facility, capable of handling 200 metric tonnes
per hour, at its state-of-the-art steel plant at Kalinganagar Industrial Complex in Jajpur district of Odisha.
The National Institution for Transforming India (NITI Aayog) in its document called New India @2022 anticipated a
New India by 2022 that will be free from poverty, dirt, corruption, terrorism, casteism and communalism
The government made installation of FASTag, a rechargeable card that uses passive radio frequency identification
(RFID ) technology to debit toll charges automatically, mandatory for all four-wheel automobiles sold from
December 1.
The government has more than tripled the maximum amount that a central government employee can borrow
from the government to Rs 25 lakh, from Rs 7.50 lakh earlier.
India sets Guinness Record for cooking 918 kgs of Khichdi at the World Food India 2017 event.
The Indian Institute of Management Bangalore (IIMB) opened its campus to an Israel Centre which is aimed at
becoming a bridge of academic collaboration between India and Israel.
India has pledged an additional USD 100 million towards the UN partnership fund, significantly scaling up its
support to sustainable development projects across the developing world.
Shri Piyush Goyal, Union Minister of Railways & Coal launched Grahak Sadak Koyla Vitaran App benefitting
customers of Coal India Limited (CIL) lifting coal through road mode.
Union Minister for Women and Child Development Maneka Gandhi launched SHe-box (sexual harassment
electronic box), an online portal for registering complaint related to sexual harassment in non-government and
government organisations.
Unesco, the UN cultural organisation, has included Chennai in its list of Creative Cities for its contribution to music.
Chennai is the third Indian city on the list of UNESCO Creative Cities list after Jaipur and Varanasi.
Google Arts and Culture unveils its first lab experiment in India in Mumbai.
A new passenger train between West Bengal and Bangladesh, Bandhan Express, was flagged off by Prime Minister
Narendra Modi and Bangladesh Prime Minister Sheikh Hasina via video conferencing. The train will connect Kolkata
to Khulna in Bangladesh. This will be the second train to run between the two countries after Maitree Express that
runs between Dhaka and Kolkata.
Northeast to get India s first air dispensary.
Number of pilgrims visiting the Vaishno Devi shrine in Jammu and Kashmir limited to 50,000 a day, to avoid any
mishap.
WCD Ministry to hosted Hausala 2017 to Celebrate Child Rights Week from 16-20 November 2017.
The government has launched phase 2 of BharatNet to connect 1.5 lakh gram panchayats with high-speed
broadband by March 2019. Phase 1 of BharatNet set to complete by the end of 2017.
Railways to start 9-month upskilling exercise named Project Saksham for employees in January
The US Agency for International Development (USAID) announced $1 million to create awareness about
Tuberculosis (TB) to help India in its fight against the disease. The move would support Prime Minister Modi s
ultimate goal of securing a TB-free India by 2025.
World s first Sanskrit 3D film Anurakthi was among the main attraction in 3D category at the International Film
Festival of India in Panaji in Goa.
Goa Chief Minister Manohar Parrikar launched the Jai Kisaan App, a farmer engagement app packed with features
and functions to fulfill the needs of the farmers community in India.
The Eastern Railways has pressed India s first Swarna Rajdhani rake - Sealdah – New Delhi Rajdhani . Indian
Railways decided to upgrade Premium Rajdhani and Shatabdi trains under Project Swarna .
Tata Power Solar has commissioned India s first rooftop solar car port at Unity One mall in Rohini, Delhi.
Bombay Stock Exchange Institute Ltd. (BIL), has signed an MoU with DLT Labs in Mumbai to set up the country s
first state-of-the-art Block Chain Lab in an institution.
Indian Oil Corporation (IOC) has collaborated with app-based taxi aggregator Ola to launch the country s first
electric charging station at one of its petrol/diesel stations in Nagpur.
Union Agriculture Minister Radha Mohan Singh has sent a proposal to United Nations for declaring 2018 as
International Year of Millets to raise awareness among consumers, policy makers, industry and research sector.
Sri Lankan PM Ranil Wickremesinghe arrived in Bengaluru on 4 day visit to India.
A biographical film on the Aam Aadmi Party(AAP) supremo and Delhi chief minister Arvind Kejriwal titled An
Insignificant Man was finally released on November 17, 2017.
The film has been directed by Khushboo Ranka and Vina Shukla.
A two-day Korea festival showcasing Korea s rich art, culture and heritage was inaugurated by Korea Tourism
Organisation (KTO) Executive Vice President Min Hong Min at the Ambience Mall in Gurugram, Haryana.
According to the state-wise analysis of state of women entrepreneurship in the country by Sheatwork, a knowledge
hub for women entrepreneurs, Tamil Nadu has the highest number of women entrepreneurs in India, followed by
Kerala and West Bengal
State News
Andhra Pradesh
Etikoppaka toys of Andhra, popularly known as Lakkapidathalu, have received Geographical Indication by the
Registration of Geographical Indication, categorised in class 20 of the toys category.
The Araku valley near Visakhapatnam in Andhra Pradesh hosted the first edition of its Hot Air Balloon Festival.
Assam
The first ever Namami Barak festival was held at Silchar in Assam.
Bihar
Sonepur cattle fair, considered as Asia s largest such, kicked-off in Bihar.
The Bihar government gave its nod for setting up a State Ayush Society to give a boost to alternative medicine in
the state.
Delhi
Delhi Metro Rail Corporation Ltd installed the Nobel Memorial Wall at Rajiv Chowk metro station for the seventh
consecutive year.
The Delhi government signed a twin city agreement with the Seoul Metropolitan Government for strengthening
cooperation in the fields of e-governance, transportation, climate change and smart city.
Gujarat
Amaazia, India s first Cartoon Network branded amusement park, will open in Surat, Gujarat in the first quarter of
2019.
Haryana
The Haryana government announced lifetime monthly pension to the Hindi satyagrahis and those from the state
who were jailed during the Emergency in 1975, hiked financial assistance to veterans of the Second World War
(WW-II) and their widows, and provide 10-hour power supply to the agriculture sector.
Haryana first state to treat Hepatitis-C patients with oral medicine
Gurugram to have North India s biggest butterfly park
World s biggest toilet pot model was unveiled at Marora, popularly known as the Trump village , in Mewat region,
near Gurugram, Haryana on the World Toilet Day in a bid to create awareness towards sanitation and use of toilets.
The President of India, Shri Ram Nath Kovind, inaugurated the International Gita Mahotsava-2017 in Kurukshetra,
Haryana.
Himachal Pradesh
Himachal Pradesh hosted the International Lavi Fair at Rampur Bushahr in Shimla district. The 300-year-old Lavi fair
is an important trade event between India and Tibet.
First power plant under PM Ladakh scheme commissioned in Biaras Drass of Kargil in Jammu & Kashmir.
Kerala
Kerala government launched She Pad , a scheme to distribute free sanitary napkins to girl students from classes VI
to XII in government and aided private schools affiliated to the state school board.
The Indian Ocean Rim Association (IORA), common platform of 21 countries including India and geographically
bordering Indian Ocean, is to set up a Centre of Excellence in Kochi. hHeadquarters of IORA is located at Ebene,
Mauritius.
Maharashtra
The restored Royal Opera House, located at Mumbai s Charni Road, has received the Award of Merit from the 2017
UNESCO Asia-Pacific Awards for Cultural Heritage Conservation. The building, which was closed to the public in
1993 and reopened in 2016, was restored by architect Abha Narain Lambah.
The Maharashtra government has set up a seven-member committee headed by Additional Chief Secretary (Home)
Sudhir Shrivastava to recommend ways to stop the custodial deaths.
Maharashtra government, in a bid to become plastic-free state from March 2018, has banned packaged water
bottles in Mantralaya and other government offices.
Manipur
Manipur Chief Minister N. Biren Singh inaugurated a two-day India-Myanmar media interaction programme in
Imphal.
Nagaland
Nagaland scripted history when it became the first State in the Northeast to launch Point of Sale (POS) facility for
electricity bill payment, where the mode of payment will be cashless.
Odisha
The annual Balijatra festival was inaugurated at the Gadagadia ghat in Cuttack on the banks of river Mahanadi.
Odisha government launched a scheme - Fish Pond Yojana - to boost fish production in the state with a budgetary
provision of 96 crore rupees.
The Odisha government will launch a massive vaccination drive to combat killer Japanese Encephalitis (JE) in 13
districts of the state.
Odisha government has launched a new scheme, Nabakrushna Choudhury Seccha Unnayan Yojana worth Rs 635
crore to provide irrigation facility to about 55,000 hectare of agricultural land across the state.
Rajasthan
The Centre has sanctioned Rs 275 crore for establishing a Global Centre for Security and Counter-Terrorism in
Jaipur, Rajasthan.
Rajasthan government has launched Dishari — an educational mobile application that provides free study
materials for youths preparing for competitive examinations.
Tamil Nadu
India s Second Technology and Innovation Support Center (TISC) Established in Chennai. 1st at Punjab.
Telangana
Trademark Hyderabadi dishes biryani, baghare baingan, and seviyan have all made their way into India postage,
with the Department of Post issuing stamps with photos of the same.
Telangana declared Urdu as the state s second official language. First official language is Telugu.
Uttar Pradesh
Uttar Pradesh cabinet decided to make India s first conservation reserve for black buck in Allahabad s Meja.
With an Air Quality Index (AQI) of 491 on the 500-point scale, Varanasi has become the most polluted Indian city
among 42 cities, according to data from Central Pollution Control Board. 2nd - Gurugram.
Uttar Pradesh tops in opening new PMJDY accounts after demonetisation.
West Bengal
The West Bengal government has negotiated with the World Bank to avail subsidy to buy 130 electric buses for
plying in Kolkata, Asansol and Durgapur. The World Bank has agreed to provide a subsidy of Rs seven lakh per bus.
West Bengal got GI (Geographical Indication) tag for rosogolla. Both WB and Odisha had applied for it. After this,
Odisha government has announced that it would apply for the tag for Odishara Rasogolla soon.
The RBI has decided to allow asset reconstruction companies to have higher holding than the 26 per cent cap set
earlier with regard to limits on shareholding of the post-converted equity of a borrower company under
reconstruction.
In August, the RBI had paid a dividend of Rs 30,659 crore for the fiscal ended June 2017. It was less than half the Rs
65,876 crore it had paid in 2015-16. Now, the Government has seeked Rs 13,000 crore of surplus lying with the
central bank.
Govt set Rs 10,000 min balance in bank accounts as rural poverty measure
Moody s Investors Service upped the long-term ratings of four Indian financial institutions by a notch to Baa2
following the upgrade of the country s sovereign rating to the same level. These are -- Export- Import Bank of India
(EXIM India), HDFC Bank, Indian Railway Finance Corporation Limited (IRFC) and State Bank of India (SBI)
The Unique Identification Authority of India (UIDAI) announced that NRIs and PIOs are not required to link bank
accounts and other services with Aadhaar.
According to the Truecaller Insights report, the State Bank of India is the biggest bank by volume of SMSes, with 30
per cent of Truecaller users using it, followed by HDFC at 14 per cent and ICICI at 13 percent.
State Bank of India (SBI) has launched comprehensive digital service platform You Only Need One also known as
YONO which is a omni digital platform that offers just about everything related to financial services and lifestyle
products or services.
State-run lender Bank of Baroda launched digital Supply Chain Finance solution which aims to accelerate working
capital loan opportunities for the small and medium enterprises and large corporate clients.
Andhra Bank has launched a new scheme, Pattabhi Sitaramayya — Self Business Group (PS-SBG), for self-help
groups (SHGs) to encourage entrepreneurship.
Kotak Mahindra Bank (Kotak) has launched 24 hour accessible e-Lobbies Smart Banking 24×7 in the Mumbai
suburbs of Juhu and Powai.
India s largest private sector bank by consolidated assets, ICICI Bank, announced the launch of India s first voice-
based international remittance service to enable non-resident Indians (NRIs) to send money to any bank in India.
ICICI Prudential Life Insurance Company Limited (ICICI Pru Life) has become the first life insurance company in India
that has implemented the Electronic – National Automated Clearing House (e-NACH) service of the National
Payment Corporation of India.
Private sector RBL Bank has set up an all women branch in Chennai, Tamil Nadu. The women branch is a testament
to the bank s efforts in encouraging gender equality.
Paytm Payments Bank formally launched. It is India s only mobile first bank providing zero balance accounts and
zero digital transaction charges.
Currently, India has four Payments Bank including Paytm Payments Bank. The other three operational ones are
Airtel Payments Bank, India Post Payments Bank and Fino Payments Bank.
AU Small Finance Bank received approval from Reserved Bank of India (RBI) to operate as Scheduled Commercial
Bank. AU Small Finance Bank s name has now been included in the Second Schedule of Reserve Bank of India Act,
1934.
YES Bank is all set to launch a first-of-its-kind fintech survey. Called India Fintech Opportunities Review, the study
will cover India and a few major fintech markets in the world.
India Post Payments Bank will become operational in all 650 districts of the country by April next year. Two such
banks are already operational in Ranchi and Raipur.
Private sector lender Yes Bank signed an agreement with the government to provide Rs 1,000 crore financing for
food processing projects.
HSBC has pledged to provide $100 billion in financing and investment by 2025 to help combat climate change.
Private Sector, Federal Bank has obtained RBI approval to open representative offices at Kuwait and Singapore.
Canara Bank launched a digital library, a Canarites app, a field recovery mobile app, a retail loan (vehicle) –
tracking system, and a regulatory guidance tracking system.
IDFC Bank, MobiKwik and Net1 have partnered to launch a co-branded virtual prepaid card on the Visa platform to
customers of MobiKwik.
Emirates NBD, the UAE s second-largest lender, has started operations in India with an aim to invest USD 100
million capital into its Indian operations. Branch opened in Mumbai.
IndiaFirst Life Insurance (IndiaFirst Life) has launched an unique micro-insurance plan insurance khata targeted at
those in the informal sector and agricultural labourers with seasonal incomes.
Bajaj Allianz General Insurance has launched Pro-fit , a platform that will act as a one-stop solution to all the
health-record tracking needs of customers.
During the International Fraud Awareness week, Axis Bank in association with Mumbai Police has launched its
latest campaign #MuhPeTaala to promote safe banking.
Private sector lender Axis Bank has launched an instant international payment services using Ripple s enterprise
blockchain technology solution for retail and corporate customers.
The Royal Bank of Canada is the first Canadian lender to be added to the Financial Stability Board s list of global
systemically important banks, which are deemed too big to fail.
JM Financial Home Loans, a step-down subsidiary of Mumbai-based JM Financial, has received certificate of
registration from the National Housing Bank for carrying out housing finance activities.
RBI asks large borrowers to obtain 20-digit Legal Entity Identifier unique code
The Reserve Bank of India (RBI) directed corporate borrowers having exposure of Rs 5 crore and above to mandatorily
obtain 20-digit Legal Entity Identifier (LEI). The move is aimed at improving risk management in the wake of the huge
stressed assets in the banking system.
RBI said that borrowers with fund and non-fund exposure of Rs 1,000 crore and above will have to get the unique
code by March 31, 2018.
Those having exposure between Rs 500 crore and Rs 1,000 crore have to obtain the LEI code by June 30 and those
having between Rs 100 crore and Rs 500 crore by March 31, 2019.
Borrowers with bank credit between Rs 50 crore and Rs 100 crore have been given time to comply with LEI
provision by December 2019.
LEI is a 20-digit unique code to identify parties to financial transactions worldwide.
Entities can obtain LEI from any of the local operating units (LOUs) accredited by the Global Legal Entity Identifier
Foundation (GLEIF) – the entity tasked to support the implementation and use of LEI.
Business News
Popular mobile-based digital payment platform Paytm launched Inbox , a messaging service that will allow
consumers to chat with friends and family, and send and request money at the same time.
ONGC (Oil and Natural Gas Corporation) gets government nod for acquiring HPCL (Hindustan Petroleum).
Rs 10,000 Crore MoU signed between Govt of India & Patanjali
According to Central Board of Direct Taxes (CBDT), provisional figures of direct tax collections up to October, 2017
show that net collections are at Rs. 4.39 lakh crore which is 15.2 percent higher than the net collections for the
corresponding period of last year.
The GST Council decided to raise Composition Scheme threshold to Rs 2 crore. The Council, which held its 23rd
meeting in Guwahati, decided that there will be no inter-state taxes and input tax credit for composition dealers.
Out of 228 items in the 28% tax bracket, 178 have been put into the lower tax category of 18%. It will be applicable
from 15th November.
Amazon India announced the launch of Amazon Saheli, a new pioneering program aimed at empowering and
enabling women entrepreneurs across the country to sell their products on the Amazon.in marketplace.
Amazon India collaborated with hardware accelerator HAX and crowd-funding community Kickstarter to
announce Startup C-Cube — a multi-level challenge for the startups that will commence in Bengaluru on
December 5.
Paytm has picked up a majority stake in CreditMate, a Mumbai-based startup that facilitates two-wheeler loans for
customers with no formal credit history.
Economy News
Singapore s DBS Bank lowered India s GDP growth forecast for 2017-18 to 6.6% from the previous 6.8%. In 2018-19
– 7.2%.
The government gave ex-post facto clearance to implementation of the Special Banking Arrangement (SBA) of
Rs10,000 crore for payment of outstanding claims towards fertiliser subsidy in 2016-17.
Asia Index Pvt Ltd, a joint venture of S&P Dow Jones Indices and BSE, has launched an environmental, social and
governance (ESG) index to measure the exposure to securities meeting sustainability investing criteria.
Eight core sectors grew to a six-month high of 5.2 per cent in September, helped by a robust performance in coal,
natural gas, and refinery segments.
The data furnished by the Comptroller General of Accounts (CGA) showed that India s budgetary fiscal deficit for
the first seven months of 2017-18 stood at 96.1 per cent — Rs 5.25 lakh crore — of the full year s target of Rs 5.46
lakh crore.
According to data of Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, India s
Gross Domestic Products (GDP) surged by 6.3 percent in the second quarter (July-September) Q2 of 2017-18.
According to the Japanese financial services major, Nomura s report, India s current account deficit (CAD) for this
financial year is expected to be around $40 billion, or 1.5% of gross domestic product (GDP).
The revenue department has announced that farmers do not need to quote PAN for cash sale of their produce up
to Rs 2 lakh a day.
The government has decided to increase the New Fund Offer (NFO) size of Bharat 22 ETF from Rs. 8,000 crore to Rs.
14,500 crore, to cater to the demand of retail investors and retirement funds.
Lauding India s increasing per capita income, World Bank CEO Kristalina Georgieva said she has no doubt that India
will be a high-middle income country by 2047 when it completes its centenary year of independence.
India s insurance regulator IRDAI has mandated all insurers – life and non-life – to link the Aadhaar number of the
policy holders to their policies. It further said that linking of Aadhaar number to insurance policies is mandatory
under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules 2017.
Sidbi, Crisil to launch sentiment index named CriSidEx for micro, small and medium enterprises (MSME) sector
The Government of India launched the BHARAT-22 Exchange Traded Fund (ETF) managed by ICICI Prudential
Mutual Fund targeting an initial amount of about Rs.8,000 crore. This New Fund Offer is open till November 17,
2017. The Units of the Scheme will be allotted 25% to each category of investors.
According to data from the Ministry of Commerce and Industry, the Wholesale Price Index (WPI), with the revised
base year of 2011-12, went up in October to 3.59 per cent from 2.60 per cent in September.
International credit rating agency Moody s Investors Service has upgraded India s bond rating for the first time in
14 years, saying continued progress in India s economic and institutional reforms will enhance its high growth
potential. It has upgraded India s bond rating to Baa2 from its lowest investment grade (Baa3).
Moody s Investors Service has upgraded the ratings of infrastructure government-related issuers (GRIs) NTPC,
NHPC, NHAI & GAIL to Baa2 in line with India s sovereign ratings.
Rating agency Standard & Poor s (S&P) maintained India s sovereign ratings at BBB-/A-3 with stable outlook.
Foreign direct investment (FDI) in the country increased by 17 per cent to USD 25.35 billion during April-September
this fiscal.
Defence News
Indian and Kazakhstan - 14-day joint exercise ͚Prabal Dostyk 2017͛ from November 2 in Bakloh belt of Himachal
Pradesh.
Indian and the Bangladeshi armies - an intensive combat exercise ͚Exercise Sampriti͛ at India s Counter-Insurgency
and Jungle Warfare School at Vairengte in Mizoram.
Indian and Myanmar armies - their maiden joint exercise ͞IMBAX-2017͟ at Umroi Cantonment, about 25 km from
Shillong, the state capital of Meghalaya
An army training capsule on counter-insurgency/ counter-terrorism operations will be conducted in Patna s
Danapur Cantonment from November 13 to December 10.
Indo – United Kingdom joint army training exercise ͚Ajeya Warrior 2017͛ will be conducted between the Indian and
United Kingdom Army from 01 to 14th December 1-14, 2017 at Mahajan field firing ranges in Rajasthan.
Indian Navy Chief Admiral Sunil Lanba visited Bangladesh to participate in the International Multilateral Maritime
Search and Rescue Exercise (IMMSAREX), the first ever operational exercise held under the aegis of Indian Ocean
Naval Symposium (IONS) in Bangladesh.
Defence of Andaman and Nicobar Islands Exercise (DANX) was conducted under the aegis of Andaman & Nicobar
Command.
Ministry of Home Affairs (MHA) conducted Multi State Mega Mock Tsunami Exercise 2017 along the entire East
Coast in 31 coastal districts across four states-West Bengal, Odisha, Andhra Pradesh and Tamil Nadu and
Puducherry (UT)
Aiming to strengthen coastal security along the Odisha and West Bengal coastline, the governments of both states
will hold a joint security exercise Sagar Kavach in the Bay of Bengal
The Union Government announced on 3 November 2017 that an indigenously developed lightweight Glide bomb
was successfully tested in Chandipur in Odisha.
Indian Navy is likely to go with an advanced catapult-based aircraft launch mechanism (CATOBAR) from the U.S. for
its second indigenous aircraft carrier (IAC-II)
India successfully test-fired the indigenously-designed and developed long-range subsonic cruise missile Nirbhay
from an Integrated Test Range (ITR) at Chandipur in Odisha s Balasore. It failed its last test in December 2015.
Sports News
Tournament Winner Other Info
2017 Asian Kabaddi Championships India Both Indian men s and women s kabaddi
teams won.
Men s team beat Pakistan and women s
team beat South Korea to win Ch ship.
U-19 Asia Youth Cup trophy Afghanistan Beat Pakistan.
Senior National title – women s singles title PV Sindhu
Senior National title – men s singles title H.S. Prannoy
Asian Boxing Championships Mary Kom Held in Vietnam
National Women s Trap champion Shagun Chowdhary at the ongoing 61st National Shooting
Championship Competition
National Men s Trap Shooting title Manavjit Sandhu at the ongoing 61st National Shooting
Championship Competition
Panasonic Open India (Golf) Shiv Kapur
Fatima Bint Mubarak Ladies Open (Golf) Aditi Ashok
Asia Cup Hockey Title (Women) India Beat China
ATP Challenger Tour Yuki Bhambri
IBSF World Billiards Championship Pankaj Advani Championship held at Doha, Qatar
IBSF World Snooker Championship Pankaj Advani Held at Doha, Qatar
World Weightlifting Championship Mirabai Chanu She became the first Indian woman in over
two decades to clinch gold at the 2017
World Weightlifting Championship
Asian Marathon Championship Gopi Thonakal He became the first Indian man to win the
Asian Marathon Championship
Davis Cup France Beat Belgium
Brazilian Grand Prix Sebastian Vettel
Abu Dhabi Grand Prix Valtteri Bottas
Sports
The Indian football team remained static at 105th in the latest FIFA rankings. India drew with Myanmar 2-2 at home
in the AFC Asian Cup qualifiers during this ranking period.
Indian ace shuttler Srikanth Kidmabi has risen to the zenith of his career as he established himself as world number
2 in the latest BWF men s singles ratings.
Indian women s cricket team captain Mithali Raj bagged the Indian Sportswoman of the Year (Team Sports) award
at the Indian Sports Honours (ISH) event.
The Delhi and District Cricket Association (DDCA) has decided to name the Gate No. 3 and 4 of the Feroz Shah Kotla
stadium after the cricketer-turned-commentator , Anjum Chopra.
Women s Youth World Boxing Championship held in Guwahati. Mary Com is the Ambassador of 2017 AIBA youth
women s World boxing championship. Assam s famed one-horned rhino – Guppy – is the official mascot, and Make
Some Noise its anthem.
Basel, Switzerland will become the first city to jointly host the Badminton and Para Badminton World
Championships after it was awarded the 2019 edition of the Para event.
The second edition of World Gaming Festival (casino) will be held in Panaji, Goa from November 30 to December 4
Guwahati hosted the World Youth Women s Boxing Championship
Mairaj Khan crowned skeet champion at 61st National Shotgun C ship
India wrestler Ritu Phogat clinched a silver medal in the 48kg event in the Under-23 Senior World Wrestling
Championship at Poland.
Geeta Phogat wins gold at All India Police Championship
Prakash Nanjappa wins gold at Commonwealth Shooting Championships
Virat Kohli - top of the latest ICC Twenty-20 Rankings for Batsmen.
Sandeep Tulsi Yadav, who had also failed the dope test last year, has been handed a four-year ban by the Anti-
Doping Disciplinary Panel of the NADA.
France will host the 2023 Rugby World Cup
Spain s Rafael Nadal was presented with ATP World No. 1 award
The official mascot of the 2017 AIBA Youth Womens World Boxing Championship is Assams famed one-horned
rhino. The official mascot, anointed Guppy, is a female version of Assam s one-horned rhino.
The opening ceremony is scheduled to take place on November 19 at the Maulana Mohd. Tayebulla Hockey
Stadium.
Ankushita Boro, a young girl from Assam, has done India proud after winning The Best Boxer title in World Youth
Women s boxing Championship held in Guwahati.
The Delhi and District Cricket Association (DDCA) has named a gate of the Feroz Shah Kotla ground after former
India opener Virender Sehwag. The Gate No. 2 of the stadium, in Delhi, was named as the Virender Sehwag Gate .
Indian fast bowler Jasprit Bumrah became the number one bowler in the latest ICC T20I rankings Player Rankings.
Pakistan to host ACC Emerging Nations Cup in April 2018
Hong Kong is set to become the first Asian city to host the Gay Games, after it won the right to host the Games in
2022, beating the likes of Mexico s Guadalajara and Washington DC.
25-time Grand Slam champion Martina Hingis has announced her retirement from professional tennis at the
conclusion of the BNP Paribas WTA Finals Singapore.
Adidas Football has unveiled the Telestar 18 official ball for the 2018 FIFA World Cup to be held in Russia.
India s star gymnast Dipa Karmakar has been conferred a D.Litt. degree from the National Institute of Technology
(NIT) Agartala.
M. S. Dhoni inaugurated his first global cricket academy in Dubai, UAE
The Competition Commission of India (CCI) imposed fine of Rs 52.24 crore on the Board of Control for Cricket in
India (BCCI) for anti-competitive conduct in the IPL Media Rights agreement.
UK s premier Southhall Football Club will jointly set up an international level football academy with Cordia
Institutes at its campus at Sanghol in Fatehgarh Sahib district in Punjab.
Committee
Head of Committee Purpose
Yashwant Thorat Maharashtra government has formed a committee to study the feasibility of merging
financially weak District Central Cooperative Banks (DCCBs) with the Maharashtra State
Cooperative (MSC) Bank
Sushil Chandra Multi-Agency Group (MAG) will investigate the Paradise Papers on offshore financial
holdings, including a list 714 Indian individuals and entities.
M Vinod Kumar Panel has started a review of the laws governing goods and services tax (GST) to remove
any glitches.
CK Mishra Committee to formulate short and long-term measures to solve the problem of air
pollution in the Delhi-NCR region.
Nand Kishore Singh He will lead 15th Finance Commission. Commission is formed by the government to
recommend on the sharing of revenue between the Centre and states for a five-year
period from April 1, 2015 and will go on until March 31, 2020. (This Finance Commission
comes under Article 280 of the Constitution.)
Arbind Modi A task force under Arbind Modi for redrafting the 50-year old income tax law in sync
with the economic needs of the country.
Rankings
Index India’s Other Information
Rank
Global Climate Risk Index (CRI) 6 1st – Haiti
Business Optimism index 7 1st – Indonesia
Climate Change Performance Index (CCPI) 2018 14 The top three rankings are unoccupied. 4th –
Sweden
IMD World Talent Ranking 51 1st – Switzerland
Global Gender Gap index 108 1st – Iceland
Index is launched by World Economic Forum
The Indian government is the third most trusted government in the world, a survey by the World Economic Forum
(WEF) has revealed. The list is topped by Switzerland, followed by Indonesia, while India grabs the third spot.
Indians second-highest public bingers in the world. 1st – Mexico.
Binge Watching means the practice of watching multiple episodes of a television programme in rapid succession,
typically by means of DVDs or digital streaming.
India tops domestic air passenger traffic in September, China second: International Air Transport Association (IATA)
According to the Q3 2017 Salary Budget Planning Report , India s projected salary growth for 2018 stood the highest
in the Asia-Pacific region at 10 per cent despite a decreasing year-on-year pattern.
According to a report released recently by the Organisation for Economic Co-operation and Development (OECD),
India has slipped from a rating of compliant to an overall rating of largely compliant as regards its meeting
international standards for exchange of tax information.
Union Agriculture Minister Radhan Mohan Singh announced that India has become the second largest fish producing
country in the world.
Deadlines/Important Dates
What for Deadline/Date
RBI has asked banks to provide doorstep banking facilities to senior citizens of more than December 31, 2017
70 years of age and differently-abled persons by
Indian Railways has decided to install Aadhaar-based biometric attendance system across January 31, 2018
its zones and divisions by
Aadhaar and mobile number must be linked by February 6, 2018
Roll out of BS-VI fuel in the national capital (Earlier the deadline was April 1, 2020) April 2018
Target of 100 per cent completion of installing bio-toilets in the Indian Railways coaches December 2018
(Earlier the deadline was September 2019)
NBCC to redevelop 10 railway stations with amenities similar to airports 2020
Obituaries
Name Profession Other Info
Justice V Khalid Judge Former Supreme Court judge
and eminent jurist
Justice Bhagwati Prasad Chief Justice Former chief justice of the
Jharkhand High Court
Abdul Mannan Hossain Politician
Priya Ranjan Dasmunsi Politician He was former Union Minister
for Information and
Broadcasting.
Virendra Sanghi Journalist
Jagdish Mohan Hindustani vocalist
Kunwar Narain Hindi poet
Important Days
Date Day Extra Info
1 November World Vegan Day
2 November International Day to End
Impunity for Crimes against
Journalists
5 November World Tsunami Awareness Day
7 November National Cancer Awareness
Day
8 November International Day Of Radiology Theme: ‘Emergency Radiology’
or World Radiography Day
10 November World Science Day for Peace Theme: ‘Science for Global Understanding’
and Development
11 November National Education Day
12 November World Pneumonia Day
13 November World Kindness Day
14 November Children’s Day
14 November World Diabetes Day Theme: ‘Women and diabetes – our right to a
healthy future’
16 November International Day for Tolerance,
National Press Day
16 November 2017 World Philosophy Day Commemorated on 3rd Thursday of
November
17 November International Students Day
19 November World Toilet Day Theme: ‘Wastewater’
19 November International Men’s Day Theme: ‘Celebrate Men and Boys’
19 November 2017 World Day of Remembrance Commemorated on 3rd Sunday of
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