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Weekly Current Affairs November 2017: Week II

Published on November 13, 2017

Banking and Financial Awareness

  • 23rd GST Council meeting was held in Guwahati, Assam in which the council decided to slash tax rate on a wide range of mass use items.
  • The Reserve Bank of India (RBI) has simplified the Foreign Exchange Management Regulations, to encourage investments.
  • Bank of China has formally started its operations in Pakistan. The first branch was opened at Karachi.
  • The government has doubled the import duty on wheat to 20 percent.
  • The government of India has formed a panel of experts, led by M Vinod Kumar to review the laws governing goods and services tax.
  • HDFC bank has announced to make online transactions through RTGS and NEFT free of cost from November 1, 2017.
  • After 7th Pay Commission, the Home Loan limit for central government employees has been raised from Rs.7.5 Lakh to Rs.25 Lakh.
  • RBI released new outsourcing norms for NBFCs that they cannot outsource Core management functions.
  • Federal Bank got a grant from RBI to open branches in Kuwait and Singapore.
  • IDFC Bank has partnered with mobile wallet Mobikwik for launching a prepaid card.
  • Digital Payment company PayPal launched domestic operations in India.
  • ICICI launched India’s first Voice based International Remittance Service by partnering with Tech Giant Apple.


  • Securities and Exchange Board of India (SEBI) has appointed Sanjeev Kaushik a whole-time member of the board.
  • Hasmukh Adhia, Revenue Secretary has been named as the new Finance Secretary.


  • Famous Author and Padma Shri awardee Manu Sharma passed away.
  • A. G. Milkha Singh, Veteran Indian cricketer passed away.

Honour and Awards

  • Thumri Queen late Girija Devi will be honoured with the prestigious Sumitra Charat Ram Award for Lifetime Achievement, posthumously.
  • CMC Skills’ Founder Ms. Maya Swaminathan Sinha was conferred with the 'Entrepreneur of the Year Award 2017' by ASSOCHAM.
  • Veteran actor Mohan Joshi was conferred with the prestigious Vishnudas Bhave award 2017.
  • UNHCR, United Nations High Commissioner for Refugees is to be conferred with Mother Teresa Memorial Award 2017.
  • Apollo Munich Health Insurance wins “General Insurance company of the year” 2017.

Rank and Index

  • India ranks 7th in the Business Optimism Index, which is released by International Business Report.

Important Days

  • National Education Day of India is celebrated on 11 November every year since 2008
  • World Science Day for Peace and Development is celebrated every year on 10th November.
  • Legal Services Day is celebrated every year in all states authorities of India on 9th of November.
  • World Tsunami Awareness Day is observed on 5th November.
  • International Day for Preventing the Exploitation of the Environment in War and Armed Conflict is observed on 6 November.

Books and Authors

  • Eric Vuillard's book "L'ordre du jour" has won the Prix Goncourt Prize, a prestigious French award.

MoUs and Partnerships:

  • The joint military exercise India and Bangladesh, 'Sampriti-7' has commenced in Meghalaya and Mizoram.
  • Adani Power (Jharkand) has inked power agreement with Bangladesh Power Development Board.
  • Government of Kerala signed an MoU with Intel and UST Global

Important News- World

  • Guinea becomes a new member of India - initiated International Solar Alliance.
  • World Youth Forum is organized in Egypt, which was attended by Rajya Vardhan Singh Rathore, Minister of Sports and Youth Affairs.
  • Lebanon’s Prime Minister Saad-al Hariri resigned from his post.

Important News- India

  • The Ministry of Skill Development & Entrepreneurship (MSDE) organized the National Entrepreneurship Awards 2017 to mark the completion of three years of its establishment.
  • Ministry of Environment formed a seven-member committee to formulate measures to solve the problem of air pollution in the Delhi-NCR region.
  • India has been re-elected as a member of the executive board of the UN educational, scientific and cultural organization (UNESCO)
  • India Disaster Response Summit was jointly organised by the National Disaster Management Authority (NDMA) and Facebook.
  • The government reconstituted a Multi-Agency Group, led by Sushil Chandra to investigate cases relating to the ‘Paradise Papers’ data disclosure.
  • Maneka Sanjay Gandhi, the Minister of Women & Child Development has launched an online complaint management system titled Sexual Harassment electronic–Box (SHe-Box)
  • The Indian Railways has achieved a milestone by launching the main arch of the world’s highest bridge on Chenab.
  • Ministry of Coal has launched “Grahak Sadak Koyla Vitara” App to benefit the customers of Coal India Limited.

Important News- States

  • Haryana has become the first state in the country to treat Hepatitis-C patients through oral medicine
  • The state government of Kerala has launched ‘She Pad’ scheme for 300 government schools, to provide free sanitary napkins.
  • Sri Ranganathaswamy Temple in Srirangam of Tamil Nadu has won the UNESCO Asia Pacific Award of Merit 2017 for cultural heritage conservation.
  • Goa is set to host the Nobel Prize Series-India 2018 which is scheduled from February 1 to 28 2018.
  • The famous Banaganapalle mangoes of Andhra Pradesh and Tulaipanji rice of West Bengal have been granted Geographical Indication (GI) by the Indian patent office.
  • The government of Telangana declared Urdu as Second Official language.

Sports News

  • India boxer Mary Kom won the gold medal for the fifth time at the Asian Boxing Championship
  • Indian shuttler Saina Nehwal defeated PV Sindhu in the final match of Senior National Badminton Championship.
  • Indian shuttler H S Prannoy defeated Kidambi Srikanth in the final match of Senior National Badminton Championship.
  • India defeated China to win the women’s Asia Cup Hockey Title 2017.

Science and Technology

  • Twitter has officially expanded its character count from 140 to 280.
  • Ola is to build a vehicle Platform by partnering with Tech Major Microsoft.
  • India test-fired its indigenously developed long cruise missile Nirbhay.

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