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Current Affairs: November 11, 2016
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November 11, 2016
World Science Day for Peace and Development is observed on November 10
The World Science Day for Peace and Development is
observed on 10 November 2016 across the world to raise
awareness of benefits of science in our daily life. 2016
theme is ‚Celebrating Science Centres and Science
Museums‛. It highlights the importance of science centres
and museums for capacity building and to send strong
messages about the importance of science for sustainable development. To mark the day, the
United Nations Educational, Scientific and Cultural Organization (UNESCO) had organised
special campaigns, visits to science museums for school children, etc.
Delhi Declaration on Agro biodiversity Management adopted
The first International Agro biodiversity Congress (IAC)
held in New Delhi has adopted New Delhi Declaration
on Agro biodiversity Management. In the declaration,
900 participants from 60 countries have urged
researchers and policy-makers to strengthen and
promote complementary conservation strategies to conserve and use agro biodiversity.
Agro biodiversity Conservation: Nations must accord top priority to the agro biodiversity
conservation and their sustainable use towards achieving targets of Sustainable Development
Goals (SDGs) relating to poverty alleviation, food and nutritional security, good health, gender
equity and partnership. Traditional knowledge: Recognises importance of traditional
Current Affairs: November 11, 2016
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knowledge on agro biodiversity of farm women and men, pastoralists and other tribal and rural
communities and also their role in its conservation and use for a food and climate resilient
world.
Union Government launches Pradhan Mantri Yuva Yojana for entrepreneurs
The Union Ministry of Skill Development and
Entrepreneurship has launched of Pradhan Mantri Yuva
Yojana (PMYY) to scale up an ecosystem of entrepreneurship
for youngsters. The scheme was launched by Union Minister
of State(I/C) for Skill Development and Entrepreneurship
Rajiv Pratap Rudy to mark 2nd Foundation Day of Ministry of Skill Development and
Entrepreneurship (MSDE). PMYY is MSDE’s flagship scheme on entrepreneurship education
and training. The scheme spans over five years (2016-17 to 2020-21) with a project cost of 499.94
crore rupees. It will provide entrepreneurship education and training to over 7 lakh students in
5 years through 3,050 institutes.
Union Government launches Smart India Hackathon
The Union Ministry of Human Resource Development
(HRD) has launched Smart India Hackathon 2017. It is
the world’s largest digital national building initiative.
Through this initiative, HRD Ministry is keen to reach
out to all technology institutions in the country and
challenge students to offer innovative solutions to some of the daunting problems faced by our
nation. The Hackathon aims to find digital solutions by harnessing creativity and technical
expertise of over 30 lakh students from technology institutes in remotest parts of India. Besides,
Current Affairs: November 11, 2016
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it seeks to spark several institute-level hackathons countrywide and help build a funnel for
‘Startup India, Standup India’ campaign.
RBI issues clarifications on Hedging for External Commercial Borrowings
The Reserve Bank of India (RBI) has issued the Clarifications
on hedging for External Commercial Borrowings (ECB) in a
bid to effectively address currency risk at the systemic level.
The Clarifications were issued by RBI under section 10(4) and
11(1) of the Foreign Exchange Management Act (FEMA), 1999.
ECBs are commercial loans borrowed from foreign sources for
financing the commercial activities in India. It may be bank loans, securitised instruments,
buyers’ credit, suppliers’ credit, foreign currency convertible bonds, etc. It should be noted that
ECBs are not FDI. In case of FDI, foreign money is used only to finance the equity Capital. But
in case ECBs, foreign money is used to finance any kind of funding other than equity.
Kamala Harris becomes first Indian-American to win US Senator seat
California’s Attorney General Kamala Harris (51) created
history by becoming the first India-American to win the US
Senate (upper chamber) seat from the state. She defeated
fellow Democrat Loretta Sanchez from her own party. She
will replace Barbara Boxer who had announced her
retirement in 2014 after serving more than two decades in the
Senate. She is the sixth black individual to be elected to the US Senate. US President Barack
Obama was the fifth black elected Senator. She is also the first black woman elected to the upper
chamber in more than two decades.
Current Affairs: November 11, 2016
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Chhattisgarh launches Lakshya Bhagirathi campaign to complete irrigation
projects
Chhattisgarh Government has launched Lakshya Bhagirathi campaign to complete the
irrigation projects that could not be completed. Under the
campaign, the state water resources department has identified
108 projects that could not be completed. Most of the projects
identified under campaign are minor and middle. For the last
three decades, the projects were pending for required
clearances. Of the 108 projects, the water resources department
has set a target to complete 88 projects in the financial year 2016-17. The districts with irrigation
potential has been below 10% had been given priority in the campaign.
Donald Trump elected as 45th President of United States
Real estate mogul-turned politician and Republican Party
candidate Donald Trump (70) was elected as 45th President of
United States of America (USA). He will be the first President of
USA without political experience since Dwight D. Eisenhower
(34th President). Besides, he will oldest first term President of
USA. He will succeed Barack Obama and is scheduled to take
office as the President of the USA on 20 January 2017. In the 2016 Presidential elections, Donald
Trump gained 48% of the votes and 279 votes in the Electoral College to defeat Democrat Party
opponent Hillary Clinton who gained 47% votes. Hillary Clinton had created history in this
election by becoming the first woman to top the presidential ticket of a major US political party.
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