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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



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,



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.



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.