08th November 2018 Current Affairs

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ECB norms for infra firms eased

  • The Reserve Bank of India has liberalised the norms governing external commercial borrowings (ECBs) for infrastructure creation.
  • The minimum average maturity requirement for ECB in the infrastructure sector has been reduced to three years from earlier five years.
  • Additionally, the average maturity requirement for mandatory hedging has been reduced to five years from earlier ten years.

Tesla names new chair to replace Elon Musk

  • Electric carmaker Tesla has appointed Robyn Denholm as the Chairman of the company’s board of directors, replacing Elon Musk.
  • She will also be leaving her role as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications company.
  • She has been on the Tesla board as an independent director since 2014.
  • Elon Musk will remain the Chief Executive Officer (CEO) of Tesla.

West Bengal to observe ‘Rosogolla Day’

  • The West Bengal government will observe ‘Rosogolla Day’ on November 14.
  • The day will be observed to commemorate the first anniversary of the State’s famous sweet getting Geographical Indication (GI) tag as ‘Bengal’s Rosogolla’.
  • On 14 November 2017, West Bengal got the GI tag for ‘Bengal’s Rosogolla’.
  • The GI tag is a sign that identifies a product as originating from a particular place.

Study finds that 3 moons orbit the Earth

  • A team of astronomers and physicists has confirmed that the dust clouds orbit the Earth.
  • These dust clouds move with the Earth and Moon at a stable 4,00,000 kilometres from the Earth.
  • The dust clouds is also known as ‘Kordylewski’ clouds.
  • The first glimpse of the clouds was seen only in 1961 by Polish astronomer Kazimierz Kordylewski.

Samay won the ‘Breakthrough Junior Challenge’

  • Samay Godika won the 2018 ‘Breakthrough Junior Challenge’ for his video submitted in the life sciences category on circadian rhythms.
  • He will receive a $250,000 college scholarship.
  • ‘Breakthrough Junior Challenge’ is a global science video competition designed to inspire creative thinking about fundamental concepts in the life sciences, physics, and mathematics.

Novel bionic mushrooms can produce electricity

  • US researchers have successfully produced electricity from a mushroom covered in bacteria.
  • The scientists used 3D printing to attach clusters of energy-producing bugs to the cap of a button mushroom.
  • The fungus provided the ideal environment to allow the cyanobacteria to generate a small amount of power.

European defence coalition launched in Paris

  • Defence ministers from European countries met in Paris on 7 November 2018 and launched a joint military force known as the ‘European Intervention Initiative’ or EI2.
  • The military force could rapidly be deployed in response to a conflict or natural disaster.
  • Germany, Spain, the Netherlands, Belgium, Denmark, Estonia, Portugal, Britain and Finland are part of this initiative.

Election Commission sets up ‘Sangwari’ polling booths in Chhattisgarh

  • The Election Commission has set up ‘Sangwari’ polling booths in various constituencies of Chhattisgarh to encourage women voters to exercise their franchise in the Assembly elections.
  • Chhattisgarh has about One crore 85 lakh electorates. Out of this, more than 92 lakh are females.
  • The state has 90 constituencies and assembly elections are scheduled to be held in two phases on November 12th and 20th.

Lucknow Stadium Renamed After Atal Bihari Vajpayee

  • The newly-built Ekana International Stadium of Lucknow was renamed after former Prime Minister Atal Bihari Vajpayee.
  • The stadium will now be known as ‘Bharat Ratna Atal Bihari Vajpayee International Cricket Stadium’.
  • The stadium was renamed just ahead of the first-ever international cricket match – the T20 International between India and West Indies.
  • The city hosted its first international match at the stadium when India played against West Indies in the second T20 International match.

Odisha Government Launched ‘Mo Bus’ Services

  • Odisha government has launched a new initiative named ‘Mo Bus’ services in the Bhubaneshwar ahead of the Men’s Hockey World Cup.
  • The service will be launched as a part of state government-owned Capital Region Urban Transport’s (CRUT) ‘City Bus Modernisation’ programme.
  • The services will be launched for the residents of Bhubaneswar, Cuttack and Puri.

LS Secretary General got one-year extension

  • The tenure of Snehlata Shrivastava has been extended by Speaker Sumitra Mahajan for one year.
  • She was scheduled to retire on 30 November 2018 but after the extension, she will retire in 30 November 2019.
  • She is the first woman Secretary General of the Lok Sabha.
  • She has served as Secretary in the Ministry of Law and Justice and as Special/Additional Secretary in the Ministry of Finance.

New record created in Ayodhya

  • A new world record was set in Ayodhya on 7 November 2018 with over three lakh ‘diya’ lit up simultaneously.
  • A total of 3,01,152 diyas were lit up simultaneously for five minutes.
  • The record was created at the Deepotsav event on the banks of the Sarayu river.
  • The target was to illuminate a total of 3.35 lakh diya on both sides of the ghats at Ram Ki Paidi.

World Bank Inks $172 Million Project Agreement With Andhra Pradesh

  • The Central and Andhra Pradesh governments and the World Bank have signed the loan agreement for a $172.20 million project to enhance agricultural productivity, profitability, and climate resilience of poor and marginalized farmers in Andhra Pradesh.
  • The projects seek to ensure that farming continues to remain a financially viable activity.
  • The Andhra Pradesh Integrated Irrigation and Agriculture Transformation Project (APIIATP) will be implemented in rural areas largely dependent upon rain-fed agriculture.

Try out the quiz ?

1. Read the paragraph carefully
I. The Reserve Bank of India has liberalised the norms governing external commercial borrowings (ECBs) for infrastructure creation.
II. The minimum average maturity requirement for ECB in the infrastructure sector has been reduced to three years from earlier five years.
III. Additionally, the average maturity requirement for mandatory hedging has been reduced to nine years from earlier fifteen years.
From above line which of the following is/are correct:-

Correct! Wrong!

The Reserve Bank of India has liberalised the norms governing external commercial borrowings (ECBs) for infrastructure creation. The minimum average maturity requirement for ECB in the infrastructure sector has been reduced to three years from earlier five years. Additionally, the average maturity requirement for mandatory hedging has been reduced to five years from earlier ten years.

2. Who is the new chairman of the Tesla Company’s board of directors?

Correct! Wrong!

Electric carmaker Tesla has appointed Robyn Denholm as the Chairman of the company’s board of directors, replacing Elon Musk.

3. The West Bengal government will observe _____________ on November 14

Correct! Wrong!

The West Bengal government will observe ‘Rosogolla Day’ on November 14.

4. The dust clouds is also known as ________________

Correct! Wrong!

A team of astronomers and physicists has confirmed that the dust clouds orbit the Earth. These dust clouds move with the Earth and Moon at a stable 4,00,000 kilometres from the Earth. The dust clouds is also known as ‘Kordylewski’ clouds. The first glimpse of the clouds was seen only in 1961 by Polish astronomer Kazimierz Kordylewski.

5. Samay Godika won the 2018 ‘Breakthrough Junior Challenge’ for his video submitted in the ____________________.

Correct! Wrong!

Samay Godika won the 2018 ‘Breakthrough Junior Challenge’ for his video submitted in the life sciences category on circadian rhythms.

6. US researchers have successfully produced electricity from a_______________ covered in bacteria.

Correct! Wrong!

US researchers have successfully produced electricity from a mushroom covered in bacteria.

7. In which country European defence coalition is launched?

Correct! Wrong!

Defence ministers from European countries met in Paris on 7 November 2018 and launched a joint military force known as the ‘European Intervention Initiative’ or EI2.

8. In which state election commission sets up ‘Sangwari’ polling booths?

Correct! Wrong!

Election Commission sets up ‘Sangwari’ polling booths in Chhattisgarh

9. Which city stadium will now be known as ‘Bharat Ratna Atal Bihari Vajpayee International Cricket Stadium’?

Correct! Wrong!

The newly-built Ekana International Stadium of Lucknow was renamed after former Prime Minister Atal Bihari Vajpayee.

10. Which state Government launched ‘Mo Bus’ services?

Correct! Wrong!

Odisha government has launched a new initiative named ‘Mo Bus’ services in the Bhubaneshwar ahead of the Men’s Hockey World Cup.

11. Who is first woman secretary general of the Lok Sabha?

Correct! Wrong!

The tenure of Snehlata Shrivastava has been extended by Speaker Sumitra Mahajan for one year.

12. Which city created world record with lit up over three lakh diya?

Correct! Wrong!

A new world record was set in Ayodhya on 7 November 2018 with over three lakh ‘diya’ lit up simultaneously.

13. World Bank Inks ____________ Project Agreement With Andhra Pradesh

Correct! Wrong!

The Central and Andhra Pradesh governments and the World Bank have signed the loan agreement for a $172.20 million project to enhance agricultural productivity, profitability, and climate resilience of poor and marginalized farmers in Andhra Pradesh.

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