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SBM Bank India ready to launch a neo banking platform

November 17, 2020
SBM Bank India
  • SBM Bank India, the wholly-owned subsidiary of State Bank of Mauritius has paired up with Fintech PayNearby to launch a neo banking platform.

HDFC Bank, IndusInd in ‘red flag’ list on nearing foreign investment cap

November 17, 2020
IndusInd Bank
  • HDFC Bank & IndusInd Bank have been placed in the ‘red flag’ list, a system used for observing foreign portfolio investor (FPI) limits.
  • A listed company enters the list when the available legroom for overseas investment is less than 3% of the sanctioned limit.

Dr. Susanta Kar conferred with Prof. A N Bhaduri Memorial Lecture Award-2020

November 17, 2020
Susanta Kar
  • Dr. Susanta Kar, Senior Scientist, Molecular Parasitology and Immunology, Council of Scientific & Industrial Research- Central Drug Research Institute (CSIR-CDRI) was honored with “Prof. A N Bhaduri Memorial Lecture Award 2020” by the Society of Biological Chemists (India), Bengaluru.

SpaceX sends 4 astronauts into space

November 17, 2020
SpaceX
  • SpaceX has sent Four Astronauts (3 Americans, 1 Japanese) to the International Space Station on the first full-fledged taxi flight for NASA (National Aeronautics and Space Administration) by a private company.
  • They were sent by Falcon Rocket from the Kennedy Space Center.

Japanese Nobel-prize-winner Masatoshi Koshiba passes away

November 17, 2020
Masatoshi Koshiba
  • Physicist Masatoshi Koshiba, who won the 2002 Nobel prize for the detection of cosmic neutrinos, passed away.
  • Koshiba’s most famous contribution involved detecting neutrinos from a distant supernova explosion using a vast detector based in a mine in central Japan.

Former Pondicherry Lt Guv Chandrawati passes away

November 17, 2020
Chandrawati
  • Former Lt Governor of Pondicherry, Chandrawati passed away. She has a number of 1st to her honor as she was the 1st Member of Parliament (1977), the 1st MLA, 1st minister (1964-66 and 1972-74) & 1st leader of Opposition in the Haryana assembly (1982-85).

PM Narendra Modi uncovers Swami Vivekananda’s statue on JNU

November 17, 2020
PM Narendra Modi unveils Swami Vivekananda’s statue on JNU
  • Prime Minister Narendra Modi has uncovered a statue of Swami Vivekananda in Jawaharlal Nehru University Campus, New Delhi through video conferencing.
  • It took famous sculptor Naresh Kumawat seven months to complete this statue of Swami Vivekananda on the JNU campus.

RBI sets Lakshmi Vilas Bank under moratorium

November 18, 2020
Lakshmi Vilas Bank
  • The Reserve Bank of India (RBI) has put cash-strapped Lakshmi Vilas Bank (LVB) under a moratorium for a period of one month and limited withdrawals at Rs 25,000 for depositors, owing to a serious deterioration in the lender’s financial position.

RBI forms Reserve Bank Innovation Hub to boost financial inclusion

November 18, 2020
RBI
  • The Reserve Bank of India has formed a Reserve Bank Innovation Hub (RBIH).
  • The aim of Innovation Hub is to promote innovation across the financial sector by leveraging technology and creating an environment that would facilitate and foster innovation.

Equitas Small Finance Bank designates Smriti Mandhana as brand ambassador

November 18, 2020
Smriti Mandhana
  • Equitas Small Finance Bank has started a women-centered product ‘Eva’.
  • The Bank has tied up with Indian Woman cricketer Smriti Mandhana as the brand ambassador for its newly started product ‘EVA’.

Goldman Sachs predicts India’s GDP Forecast at -10.3% in FY21

November 18, 2020
GDP
  • The Investment bank, Goldman Sachs has updated upwards the growth forecast for India in FY21 to -10.3% from its earlier projection of -14.8% in September 2020.

2nd Phase of Exercise Malabar 2020 starts in the Arabian Sea

November 18, 2020
Malabar Naval Exercise
  • The second phase of Exercise Malabar 2020 has been organized in the Northern Arabian Sea from 17 to 20 November 2020.
  • The first Phase of Exercise Malabar 2020 was carried out in the Bay of Bengal from 03 to 06 November 2020.
  • Exercise Malabar 2020 is the 24th edition of MALABAR.

PM Modi virtually attends 12th BRICS Summit

November 18, 2020
BRICS
  • Prime Minister Narendra Modi has virtually addressed the 12th (BRICS) Summit.
  • The Summit was conducted under the Chairmanship of Russian President Vladimir Putin. India will be taking over the Chairmanship of the BRICS in 2021 and host the 13th BRICS Summit in 2021.

PM Modi addresses the 3rd Annual Bloomberg New Economy Forum

November 18, 2020
PM Modi
  • Prime Minister Narendra Modi has addressed the 3rd Annual Bloomberg New Economy Forum via video-conferencing.

Novak Djokovic wins ATP Year-end No. 1 Trophy for 6th time

November 18, 2020
Novak Djokovic
  • Serbian tennis star Novak Djokovic has won the Association of Tennis Professionals (ATP) Tour No. 1 trophy on 15 November 2020, for finishing 2020 as the year-end No. 1 (world number one).

National Epilepsy Day: November 17

November 18, 2020
National Epilepsy Day
  • In India, November 17 is celebrated annually as National Epilepsy Day, to spread awareness about epilepsy.
  • The month of November is celebrated as ‘National Epilepsy Awareness Month’. This National Epilepsy Day is commemorated by the Epilepsy Foundation of India.

Rajasthan Minister Bhanwarlal Meghwal passes away

November 18, 2020
Bhanwarlal Meghwal
  • Rajasthan Social Justice and Empowerment Minister Bhanwarlal Meghwal passed away.
  • The five-time MLA served the Sujangarh assembly constituency of Churu district of the state.

PM Modi uncovers ‘Statue of Peace’ in Rajasthan

November 18, 2020
Statue of Peace
  • Prime Minister Narendra Modi has virtually uncovered the ‘Statue of Peace’ committed to Jain Monk Acharya Shree Vijay Vallabh Surishwarji Maharaj.
  • The 151-inch (12.6 ft) tall statue was introduced by PM Modi on the occasion of the 151st birth anniversary of Acharya Shree Vijay Vallabhsuri, at Vijay Vallabh Sadhana Kendra, Jetpura, in Pali, Rajasthan.

Japan and Australia ink defence deal to counter China

November 19, 2020
Japan and Australia
  • Japan and Australia have inked a ‘landmark’ defence agreement in a bid to counter China’s growing influence in the South China Sea and over the Pacific island nations.
  • The deal named Reciprocal Access Agreement (RAA) was inked between Japanese Prime Minister Yoshihide Suga and his Australian counterpart Scott Morrison.

Maia Sandu wins the Moldova Presidential Election

November 19, 2020
Maia Sandu
  • Maia Sandu has won Moldova’s presidential election after a run-off vote against the incumbent Igor Dodon.
  • Ms. Sandu has won 57.7% of the vote compared to Mr. Dodon’s 42.2%. Sandu is a retired World Bank economist who favours closer ties with the European Union. Mr. Dodon, meanwhile, is fully backed by Russia.

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