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HEAD TURNERS THIS WEEK

Welcome Aspirants, BG team shall provide you with the recent Events, Current

Banking Terms from the Papers and the Internet which would suffice the

demands of the forthcoming banking Examinations.

Current Affairs has been a Bane for aspirants unwilling to keep pace with the

Daily Events, BG shall provide you the Weekly Analysis and ease of deciphering

the events.

From The Newspapers

From 16th

-Nov-2015 to 22nd

-Nov-2015

THE ECONOMICTIMES

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16th

November

Modi for solid results at Paris talks -

Prime Minister Narendra Modi said on Sunday that India looked forward to a

concrete outcome at the Paris climate talks within the framework of U.N.

Convention on Climate Change that should have an appropriate balance of

collective action: equity and common but differentiated responsibility and

respective capabilities.

U.N. Convention on Climate Change - The United Nations Framework

Convention on Climate Change is an international environmental treaty (also

known as a multilateral environmental agreement) that was opened for

signature at the Earth Summit held in Rio de Janeiro in 1992 and came into

force in 1994.

All set for Pushkar Fair -

The Pushkar Fair or locally Pushkar ka Mela is an annual five-day camel and

livestock fair held in the town of Pushkar in the state of Rajasthan, India. It is

one of the world's largest camel fairs.

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British financial aid to propel Pune’s ‘smart city’

dream –

Prime Minister Narendra Modi’s visit to the United Kingdom has ushered in hope for Pune’s dream of becoming a smart city with Mr. Modi’s counterpart David Cameron announcing British technical and financial aid to develop Pune, Amravati and Indore.

SMART CITIES –

SMART CITY uses digital technologies or information and communication

technologies (ICT) to enhance quality and performance of urban services, to

reduce costs and resource consumption, and to engage more effectively and

actively with its citizens.

The total number of 100 smart cities have been distributed among the States

and UTs on the basis of an equitable criteria.

The formula gives equal weightage (50:50) to urban population of the State/UT

and the number of statutory towns in the State/UT.

Maximum cities selected are in Uttar Pradesh (13).

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CBI seeks statutory powers under PMLA –

The Central Bureau of Investigation has sought statutory powers under the

Prevention of Money Laundering Act (PMLA) to conduct probe into proceeds

of crime, attach tainted properties and prosecute accused persons.

PMLA - The Prevention of Money Laundering Act, 2002 forms the core of

the legal framework put in place by India to combat money laundering. PMLA

and the Rules notified there under came into force with effect from July 1,

2005.

India, Australia seal nuclear deal procedures –

India announced on Sunday that the procedures for a civil nuclear agreement with Australia for supply of uranium from it had been completed

India will be the first country to buy Australian uranium without being a signatory to the NPT.

NPT is a landmark international treaty whose objective is to prevent the spread of nuclear weapons and weapons technology, to promote cooperation in the peaceful uses of nuclear energy and to further the goal of achieving nuclear disarmament and general and complete disarmament.

Rosberg wins Brazilian GP in style –

Nico Rosberg won Sunday’s Brazilian Grand Prix, leading from start to finish to beat Mercedes teammate and already-crowned season champion Lewis Hamilton

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17th – 18th November

Constitution day for all schools on Nov 26 –

For the first time, schools across the country will observe Constitution

Day on November 26.

It was on November 26, 1949, that the Constitution was adopted in the

Constituent Assembly following which the Constitution came into force

on January 26, 1950

Lavish menu for film buffs at IFFI 2015 –

Anil Kapoor will be the Chief Guest on the Opening day of the International

Indian Film Festival in Goa.

A R Rahman would be the Guard of Honour on the last day

In the World Cinema section of IFFI 2015, 187 films will be screened in

various sections from 89 countries.

Spain is the country of focus.

The Indian Panorama section will bring 47 films from India in the feature and

non-feature categories.

The opening film, “The Man Who Knew Infinity” directed by Mathew Brown, is

the true story of friendship that forever changed mathematician M.K.

Ramanujam.

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Actor Saeed Jaffrey dies at 86 –

Saeed Jaffrey passed away in the early hours on Saturday in London

His filmography compiled classics like ‘’Gandhi’’ ‘’Shatranj Ke Khiladi’’ and

‘’Chashme Buddoor ‘’.

FSSAI moves apex court against lifting Maggi

ban –

Just as instant noodles Maggi is readying for a comeback and hit retail stalls

this month, the Food Safety and Standards Authority of India (FSSAI) moved

to the Supreme Court

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Interpol brings in ‘Silver Notice’ to trace illicit

assets -

Interpol has introduced a new system of international alert titled “Silver Notice” to assist member countries in locating and seizing assets acquired through criminal means.

WPI inflation at -3.8 per cent, 12th straight

month in negative territory –

WPI inflation in October was -3.8 per cent, compared with -4.5 per cent in September, the 12th consecutive month in which WPI inflation was negative.

One of the statistical reasons for WPI inflation remaining negative for so long is the high-base effect.

Base Effect - The consequence of abnormally high or low levels of inflation in a previous month distorting inflation numbers for the most recent month.

A base effect can make it difficult to accurately assess inflation levels over time.

ICICI Bank to sell 6% stake in life insurance arm

ICICI Bank, the largest private sector lender, on Monday said it would sell 4 per cent stake in its life insurance arm.

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Hungary qualifies for Euro 2016

Hungary qualified for the Euro 2016 finals and its first major tournament since 1986 after beating Norway 3-1 on aggregate following a 2-1 second-leg playoff win

The Euro 2016, will be the 15th edition, the quadrennial international men's football championship is scheduled to be held in France.

Emerging market fund managers bearish on India

China has replaced India as the economy on which fund managers are most bullish on, as per the fund manager survey released by the Bank of America Merrill Lynch.

Bear and Bull Markets - Simply put, a Bull market refers to a market that is on

the rise. It is typified by a sustained increase in market share prices. Bear market is one that is in decline. Share prices are continuously dropping, resulting in a downward trend that investors believe will continue in the long run.

Steven Spielberg to get highest US civilian

honour –

Film-maker Steven Spielberg, singers Barbra Streisand, Gloria Estefan, James Taylor and composer Stephen Sondheim are among the recipients of this year’s Presidential Medal of Freedom, the country’s highest civilian honour.

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Greece strikes deal for €12-billion bailout funds –

Greece announced Tuesday it has struck a deal with its international creditors to unblock some €12 billion in much-needed bailout loans.

Greece in July accepted a three-year, €86-billion EU bailout.

19th November

Seven Indians on BBC 100 Women list

Asha Bhosle, Sania Mirza, Kamini Kaushal, Rimppi Kumari, Smriti Nagpal, Mumtaz Shaikh and Kanika Tekriwal earn the honour.

CCEA approves 10 per cent stake sale in CIL –

Cabinet Committee on Economic Affairs approved a 10 per cent disinvestment in Coal India.

The government is expected to get around Rs.20,000 crore from the disinvestment.

Disinvestment - The action of an organization or government selling or liquidating an asset or subsidiary

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Apex court nod for draft paper on appointment of

judges –

These suggestions from the Bench were gleaned from over 15,000 pages of views which poured in from the public and legal communities across the country on ways to reform the opaque collegium system.

The Bench undertook to reform the 21-year-old collegium system, which was restored after it struck down the NJAC.

President appoints Justice Thakur CJI –

President Pranab Mukherjee on Wednesday appointed Justice T.S. Thakur, the Chief Justice of India with effect from December 3.

He will replace H.L. Dattu

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20th November

Pay panel moots 23.5% hike, to cost govt. Rs

1.02 lakh cr –

The Seventh Central Pay Commission has recommended an overall increase of 23.55 per cent in pay, allowances, and pension for government employees.

Within this, the Commission’s report recommends a 16 per cent increase in basic pay

63 per cent increase in allowances and a 24 per cent hike in pension. The recommendations are to come into force on January 1, 2016.

The total monetary impact on the central government would be Rs 1.02 lakh crore. Around Rs 74,000 crore would be the impact on the Union Budget and Rs 28,000 crore on the Railway Budget.

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Centre to auction eight blocks in fourth round –

The government will auction eight coal blocks for the unregulated sector, which includes — iron, steel, cement and capacitive power plants — in the fourth round of e-auctions.

The coal blocks to be put on auction include Brahmapuri and Suliyari in Madhya Pradesh, Bundu and Gondulpura in Jharkhand, Gondkhari and Khappa & Extn in Maharashtra and Jaganathpur A and Jaganathpur B in West Bengal.

21st – 22nd November

Look who has made it to the Forbes list!

Two Indian-origin businessmen have been ranked by Forbes magazine among the richest entrepreneurs in America under the age of 40, a list that has been topped by Facebook CEO Mark Zuckerberg.

Vivek Ramaswamy, 30, a former hedge fund manager, has been ranked 33rd on the list with a net worth of $500 million.

On the 40th spot is 29-year old Apoorva Mehta, the founder and CEO of Instacart, the web-based grocery delivery service.

Modi promises IPR policy, transparent tax regime

Prime Minister Narendra Modi said here that India would have a comprehensive national intellectual property rights (IPR) policy by the year-end

The promise was made in the recent ASEAN summit.

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Hollande to be chief guest at Republic Day

Parade -

French President Francois Hollande will be the chief guest at the Republic Day parade of January 26

Mr. Hollande’s visit will be symbolic and is expected to send out a message of a solidarity among the democratic countries against terrorism of the ISIS.

France is going to host the COP 21, Paris Climate Conference, summit from November 30.

Niti Aayog in dialogue with China's think tank

DRC –

Taking a step towards closer economic ties with China and to deliberate on macro-economic issues, Niti Aayog will engage in a dialogue with China's Development Research Centre.

It will be the first dialogue between NITI Aayog and the DRC after the body was constituted to replace the erstwhile Planning Commission

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Barcelona thrashes Real Madrid in EL CLASICO

Luis Suarez and Neymar continued their sensational goalscoring form as Barcelona moved six points clear of Real Madrid at the top of La Liga with a 4-0 thrashing of the host at the Bernabeu

Barca even had the luxury of leaving Lionel Messi on the bench, but the Argentine did make his return from a two-month injury layoff half an hour from time and played a part in Suarez’s second and Barca’s fourth goal

El Clásico , is the name given in football to any match between fierce rivals

Real Mdrid F.C. and F.C. Barcelona, it is the biggest club game in the world,

and is among the most viewed annual sports events

At BG, We are dedicated to provide you the most Authentic, Precise and

Recent turn of events. DigiNotes (G.A.) shall focus on building on the recent events, terms and inculcating basic concepts essential for the forthcoming banking examinations.

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