National

National

Faizabad to be known as Ayodhya: Yogi Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath renamed Faizabad as Ayodhya, the birthplace of Lord Ram.

The Faizabad district comprises the twin towns of Faizabad and Ayodhya on the banks of the river Saryu.

He also announced a medical college that would be named after Lord Ram’s father in the epic Ramayana, Raja Dashrath. An airport in Ayodhya will be named after Lord Ram.

 

Lucknow’s Ekana Cricket Stadium renamed after late PM Atal Bihari Vajpayee

UP Governor Ram Naik approved renaming of Ekana International Cricket Stadium in Lucknow in the memory of late PM Atal Bihari Vajpayee.

It was renamed as a token of acknowledgement towards the late Vajpayee, who represented Lucknow in the parliament for five consecutive times between 1991 and 2009.

Uttar Pradesh:

♦ Chief Minister: Yogi Adityanath.

♦ Governor: Ram Naik.

♦ National Parks: Dudhwa National Park, Philibit Tiger Reserve , Sandi Bird Sanctuary.

♦ Uttar Pradesh has 23 wildlife sanctuaries across 27 districts covering over 5,000 sq km.

 

‘Mo bus service’ launched in Odisha

On 6th November 2018, Odisha Chief Minister Naveen Patnaik launched the technology-driven and citizen-friendly ‘Mo bus’ service in Bhubaneswar, Odisha.

 Mo bus service has facilities like: free wi-fi, CCTV surveillance, public information display system and on board announcements.

Mo bus service will cover 9 routes in Bhubaneswar in the first phase. Mo Bus mobile app will also be launched through which passengers can book tickets and find the locations of the vehicle.

Mo bus service has been launched for the residents of Bhubaneswar, Cuttack and Puri. Nearly 300 buses will be launched in 3 phases.

 

 

 

International

International

South Korea’s First Lady Kim Jung-sook is on a 4 day visit to India.

During this visit, she met Prime Minister Narendra Modi and External Affairs Minister Sushma Swaraj and held bilateral talks.

 

China and Pakistan launched a bus service passing through Pakistan-occupied Kashmir (PoK).

The bus service connecting Pakistan’s Lahore and Kashgar in China is a part of the China- Pakistan Economic Corridor project.

Note : India has protested against the bus service claiming it will violate India’s sovereignty and territorial integrity.

 

The United Nations Postal Administration (UNPA) has issued special stamps with Diyas lamps.

The United Nations Postal Administration (UNPA) has issued special stamps with Diyas lamps (special event sheet) to commemorate Indian festival of Diwali.

These stamps are available at UN headquarters post office in New York, US and also online.

The 18th Indian Ocean Rim Association (IORA) Council of Ministers Meeting was held in Durban, South Africa.

India was represented by the Minister of State for External Affairs, V K Singh.

 

China today unveiled a model of its ‘Heavenly Palace’ space station,

As the International Space Station (ISS) is set to retire in 2024.

The station has a 17-metre core module along with two other modules for scientific experiments which will be equipped with solar panels.

Three astronauts will be permanently stationed in the 60-tonne orbiting lab.

 

Economy&Finance

Economy & Finance

PM Narendra Modi-led government’s Demonetisation move today marked its Second Anniversary.

On this day in the year 2016, Modi has declared that currency notes of the ₹500, ₹1,000 denominations will not be valid from the midnight.

The govt gave 50 days, till 30th December 2016, for citizens to surrender the notes at banks and post offices.

Later it released new ₹500 and ₹2,000 currency notes followed by ₹10, ₹50, ₹200 and ₹100 notes in the economy.

It later launched BHIM App for digital transactions in a bid to promote cashless economy.

The BJP led government is celebrating this day as Anti-Black Money Day.

 

The Reserve Bank of India (RBI) has initiated steps to set up wide-based digital Public Credit Registry (PCR)

To capture loan information of individuals and corporate borrowers, the Reserve Bank of India (RBI) has initiated steps to set up wide-based digital Public Credit Registry (PCR).

In this regard, RBI has invited Expression Of Interest (EOI) for developing PSC from companies with turnover of over Rs 100 crore in last three years.

What is PCR ? : PCR is digital registry of authenticated granular credit information. It will work as financial information infrastructure providing access to various stakeholders and enrich the existing credit information ecosystem. It seeks to serve as single point of mandatory reporting for all material events for each loan, notwithstanding any threshold in the loan amount or type of borrower.

Note : Setting up of PCR assumes significance amidst rising bad loans in financial system.

The ruling said India had violated core global trade rules and urged India to take corrective action.

 

Eight have been granted temporary waivers from the US’ sanctions on Iranian oil.

Eight countries namely, India, China, Italy, Greece, Japan, South Korea, Taiwan and Turkey have been granted temporary waivers from the US’ sanctions on Iranian oil.

These countries have been exempted as they significantly reduced their imports of Iranian oil.

After this waiver, India is going to sign an initial agreement with Iran to settle all oil trade in rupees through UCO Bank.

 

The state-owned banks will need ₹1.2 lakh crore in fresh capital by March 2019 to meet regulatory requirements

The rating agency Crisil has recently announced that the state-owned banks will need ₹1.2 lakh crore in fresh capital by March 2019 to meet regulatory requirements.

Most of this would be needed to recapitalise 11 banks that are under RBI’s Prompt Corrective Action (PCA) framework.

Note : The estimated capital requirement is ₹21,000 crore more than the ₹2.11 lakh crore recapitalisation plan announced by government in October 2017.

 

Bengaluru-based cab aggregator Ola has officially launched operations in New Zealand

Bengaluru-based cab aggregator Ola has officially launched operations in New Zealand, offering ride services in Auckland, Wellington and Christchurch.

Note : Ola already launched it’s operations in Australia and the UK in January and August respectively.

 

 

Sports

Sports

 

1st cricketer in history to reach four hundreds in T20I cricket

31-year-old India opener Rohit Sharma smashed a 58-ball century in the second T20I against

Windies at Lucknow to become the 1st cricketer in history to reach four hundreds in T20I cricket.

 

 

Miscellaneous

Important Days

6th November 2018 was observed as International Day for Preventing the Exploitation of the Environment in War and Armed Conflict.

This day was established on 5th November 2001 by the United Nations General Assembly, during Kofi Atta Annan’s tenure as Secretary-General.

Aim of this day: To educate people about the damaging effects of war and armed conflict on the environment.

 

7th November 2018 was observed as National Cancer Awareness Day.

This day is observed across the country to spread awareness about the disease.

There were 2.9 million cases of cancer in the country with 1.1 million new cases being reported annually.

This day was announced by then Union Health Minister Harsh Vardhan on 7th November 2014.

Important Note : World Cancer Day is observed on 4th February every year.

 

Thought of the Day 

“I’d rather regret the things I’ve done than regret the things I haven’t done.” 


Quiz based on Daily Current Affairs 6th Nov 2018

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