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November 28, 2018

28th November 2018 Daily Current Affairs - PDF Download

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Dear Great Ambitionists, here are today's (28th November 2018) Important Current Affairs updates. You can download the pdf version of these current affairs from below link. Happy Reading :)

Daily Current Affairs of 28th November 2018

International Current Affairs
  • Prime Minister Narendra Modi left for Argentina to attend the G20 summit on November 28. 
    • He will return on December 02. 
    • Modi will be speaking on Digital Revolution in India, Ayushman Bharat programme, Soil Health Card and other Central government schemes besides Risk posed by volatility in oil prices and terrorism at the summit.
    • PM will also hold bilateral meetings with several leaders like Chinese President Xi Jinping, US President Donald Trump, United Nations Secretary-General António Guterres on the margins of the G-20. He will be holding a bilateral meeting with .
    • The BRICS (Brazil, Russia, India, China and South Africa) head of states will also meet in the margins of G20.
    • Note : PM Modi, his Japanese counterpart Shinzo Abe and US President Donald Trump will participate in a Trilateral meeting on the sidelines of the G20 summit in Argentina later this week. 
      • This will be the 1st trilateral meeting between India, Japan and the US at the leaders' level.
  • The 1st Sustainable Blue Economy Conference was held in Nairobi (Kenya). 
    • This conference was organized by Kenya and cohosted by Japan and Canada
    • Theme of Sustainable Blue Economy Conference 2018 : The Blue Economy and the 2030 Agenda for Sustainable Development.’
National Current Affairs
  • Voting for 230-member Madhya Pradesh Assembly and 40-member Mizoram Assembly began today. 
  • The International Gita Festival 2018 will be organised in Kurukshetra in Haryana from December 7 to 23, 2018. 
    • The objective behind this event is to spread the message of Gita to world.
  • Tamil Nadu Police has banned officials below the rank of sub-inspector from using mobile phones while on an important duty. 
  • To boost Intellectual Property Right (IPR) culture in indigenous defence industry, the Union Defence Minister Nirmala Sitharaman launched ‘Mission Raksha Gyan Shakti’ in New Delhi.
    • It was instituted by Department of Defence Production as part of the ongoing initiatives to enhance self-reliance in defence. 
    • Aim of Mission Raksha Gyan Shakti : To provide a boost to IPR culture in indigenous defence industry. 
Banking, Business & Economic Affairs
  • India's largest bank State Bank of India (SBI) has increased Fixed Deposit (FD) interest rates for select maturity periods with effect from today. 
    • FDs below ₹1 crore with maturity period of one to two years will fetch 6.8% as compared to 6.7% earlier. 
    • The interest rate on FDs with maturity period of two to three years has been hiked from 6.75% to 6.8%.
    • Check updated Interest Rates of SBI from HERE
  • The government is planning to combine two state-run power sector lenders, Rural Electrification Corporation and Power Finance Corporation
    • In the first phase of the deal, REC will acquire a majority stake in Power Finance valued at $2.5 billion by the end of this fiscal. 
    • Note : The government has a 65.6% holding in Power Finance Corporation.
  • A ministerial panel led by Finance Minister Arun Jaitley has decided to sell 100% of Air India's ground handling arm Air India Air Transport Services (AIATSL)
    • The proceeds will be used to retire a part of Air India's debt.
  • American business and financial services company Moody's has downgraded Yes Bank's ratings to non-investment grade and changed outlook to negative citing corporate governance concerns. 
    • Note : Three Yes Bank directors, including Chairman Ashok Chawla, have resigned in the last two weeks.  
  • The Ministry of Housing and Urban Affairs today launched a centralised electronic platform titled 'PaiSA', for processing interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Yojana - National Urban Livelihoods Mission (DAY-NULM).
    • It has been designed and developed by Allahabad Bank.
    • PAISA Portal for Affordable Credit and Interest Subvention Access
New Appointments
  • LG Electronics has replaced the President of its mobile business Hwang Jeong-hwan with Brian Kwon.
    • It comes after LG's mobile business posted a loss of $410 million this year, including a $130.5 million net loss in the last quarter.
  • Hospitality startup OYO has appointed Max Healthcare Executive Director Rohit Kapoor as the CEO of its new real estate business. 
MOUs & Agreements
  • Indian Government has inked $75 million loan agreement with Asian Development Bank (ADB) for Karnataka Integrated Urban Water Management Investment Program
    • Under this programme, 24 x7 water supply will be provided in Karnataka’s four coastal towns of Kundapura, Mangalore Puttur and Udupi and improve sanitation infrastructure for Mangalore town. 
  • Animator  Stephen Hillenburg (57), who created the cartoon series Sponge Bob SquarePants, has passed away.
    • The animator was suffering with amyotrophic lateral sclerosis (ALS), also known as motor neurone disease (MND).
    • Earlier this year, he was honoured with a special Emmy "for his contribution and impact made in the animation field and within the broadcast industry".
Awards & Honors
  • Wipro Chairman Azim Premji received the highest French civilian honour, Chevalier de la Legion d'Honneur (Knight of the Legion of Honour) from French Ambassador to India Alexandre Ziegler.
    • The award was bestowed on Premji for his economic outreach in France, his contribution to developing the IT industry in India, and contribution to society as a philanthropist.
  • Legendary screenwriter Salim Khan was honoured with IFFI Special Award at the closing ceremony of the 49th edition of the International Film Festival of India (IFFI) for his contribution to Indian cinema.
    • His son and actor Arbaaz khan received the award on behalf of him.
    • The award carries a cash prize of Rs 10 lakh, a certificate, and a shawl

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