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1Amartya Sen out from Nalanda University as govt reconstitutes board

Decade long association with Nalanda ends.

  • Nobel-Laureate economist Amartya Sen’s nearly a decade-long association with Nalanda University has come to an end with the government reconstituting the governing body of the prestigious institute.
  • A critic of prime minister Narendra Modi, was chancellor of the university and his term had come to an end in July last year but he had continued his association as a member of its Governing Board

East Asia Summit

The first summit was held in Kuala Lumpur, Malaysia on 14 December 2005.

2Wriddhiman Saha ruled out of third Test series.

Parthiv named as replacement for Saha

  • India wicketkeeper Wriddhiman Saha has been ruled out of the third Test against England after developing a strain in his left thigh.
  • Prathiv Patel will replace Saha for the third Test

8 years

Since he played last Test match for India.

3Trump chooses new US Ambassador to UN

Nikki Haley to be named as US Ambassador

  • U.S. President-elect Donald Trump has chosen South Carolina Governor Nikki Haley as U.S. Ambassador to the United Nations, the first woman tapped for a top-level administration post during his White House transition so far.
  • Mr. Trump’s plan to offer the job to 44-year-old Haley, a rising Republican star and daughter of Indian immigrants

Nikki Haley

  • 116th Governor of South Carolina since 2011.

4CAG flags tax breaks for companies

It has castigated the Income-Tax Department for extending tax exemption

  • The Comptroller and Auditor-General (CAG) has castigated the Income-Tax Department for extending tax exemption amounting to hundreds of crores to several companies by inappropriately extending benefits available for infrastructure projects.
  • The CAG said the biggest beneficiary was Reliance Industries Ltd. (RIL)

Section 80IA

Deduction is not allowed on private and captive facilities.

5Amidst LoC firing, Pak DGMO calls up Indian counterpart

Cross border firing from both sides

  • Indian and Pakistani DGMOs had an unscheduled hotline interaction amidst cross border firing from both sides.
  • The Indian DGMO has emphatically stated that retaliatory firing was carried out targetting locations from where Pakistan had initiated ceasefire violation.

DGMO

Director General of Military Operations.

6Opposition MPs take to the streets

MPs gathered in front of Mahatma Gandhi’s statue to register their protest

  • A united Opposition took its battle against the Modi government on the demonetisation issue from Parliament to the streets.
  • Even as nearly 200 Opposition MPs gathered in front of Mahatma Gandhi’s statue on the Parliament House grounds in the morning to register their protest, they announced a joint countrywide protest.

Ananth Kumar

Union Parliamentary Affairs Minister.

7SC won’t stay note ban cases in HCs though govt. claims success

No stay cases for Demonetisation

  • The Supreme Court refused to stay the cases in High Courts against the demonetisation of Rs. 500 and Rs. 1,000 notes.
  • A Bench led by Chief Justice of India T.S. Thakur said the petitions in the various High Courts highlighted the different inconveniences across the country.

T.S. Thakur

Chief Justice of India.

8‘Ayes’ carry the day in NaMo app survey

People appreciated Modi for such move.

  • As many as 90 per cent of the people who participated in Prime Minister Narendra Modi’s app-based survey to gather public opinion on demonetisation think that the “government’s move to tackle black money is brilliant/nice” and support the ban on old Rs.500 and Rs.1,000 notes.
  • The 10-question survey, which was conducted through the PM’s personal mobile app, got around five lakh responses from across 2,000 locations within 24 hours.

92%

Respondent found demontisation is worth.

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Banking Awareness 24th November 2016 | Financial Affairs 24th November 2016