Current affairs updates for November 04th, 2017 – General Awareness GK for IBPS, SBI, SSC Exams

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1. 34 power projects among loan defaulters

Panel finds it fishy


The Finance Ministry has failed to give a list of 34 power projects that defaulted on bank loans totalling crores of rupees to a parliamentary panel on Energy.
Earlier on two occasions, the Reserve Bank of India had refused to divulge the names of the loan defaulters.

2. SC wants norms fixed for distance education courses

Restrains deemed-to-be universities


Questioning the role of the University Grants Commission (UGC) in checking the commercialisation of education, the Supreme Court on Friday restrained deemed-to-be universities from conducting distance education in any course unless all the courses were approved by the statutory authorities.

3. DRDO successfully tests guided bomb

Designated as the Smart Anti-Airfield Weapon (SAAW)


The Defence Research and Development Organisation (DRDO) has successfully tested an indigenously developed light weight glide bomb, Smart Anti Airfield Weapon (SAAW), which can target large enemy infrastructure, like airfields.
The Defence Ministry said in a statement “The guided bomb released from an Indian Air Force (IAF) aircraft and guided through precision navigation system, reached the targets at greater than 70 km range with high accuracies.”

4. Govt may make gold jewellery hallmarking mandatory by January

Hallmarking for three categories 14,18 and 22 carat.


Food and Consumers Affairs Minister Ram Vilas Paswan said “The government is planning to make hallmarking along with carat count mandatory for the gold jewellery sold in the country at present people don’t get to know quality of gold jewellery that they buy. We are planning to make hallmark for gold jewellery mandatory. It should be done by January.”

5. Private sector must invest more in contract farming: PM

opportunity for global super-market chains


Prime Minister Narendra Modi asked the private sector to invest more in contract farming, raw material-sourcing and creating agri-linkages, and said there are huge opportunities for global super-market chains considering India as a major outsourcing hub.
Besides, he suggested that aerated drinks manufacturers consider blending 5% fruit juice in their products, and said such a procedure has major potential since fruit-juice based drinks are an intrinsic part of Indian food habits.

6. FASTag mandatory for new cars from Dec. 1

To ensure no leakage of toll revenue


Come December 1 and it will be mandatory for all new four-wheelers to have FASTag devices fixed on the front windscreens by automobile manufacturers or authorised dealers.
A FASTag is a device that employs radio frequency identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it.

7. India’s first black buck conservation reserve

Safe haven


Uttar Pradesh cabinet decided to make India’s first conservation reserve for black buck in Allahabad’s Meja.
Among the five major decisions taken in the cabinet meeting, the black buck conservation reserve in Meja Forest Division of Allahabad is seen as the most important one.It is believed that the decision taken for protection of black deer will also help in wooing tourists.

8. RBI asks corporate borrowers to obtain Identifier’ code

conceived as a key risk-management measure


The Reserve Bank of India asked banks to advise their existing large corporate borrowers having total exposures of ₹50 crore and above to obtain Legal Entity Identifier (LEI) code as per the schedule prescribed by it.
The RBI warned that borrowers who do not obtain LEI, which is a 20-digit unique code to identify parties to financial transactions worldwide, as per the schedule, are not to be granted renewal/enhancement of credit facilities.

9. Five Indians among Forbes’s ‘The World’s Most Powerful Women’ 2017 list

ICICI Bank’s Chanda Kochhar highest-ranked Indian


The Indian women on the 14th edition of the annual rankings include ICICI Bank’s MD & CEO Chanda Kochhar (ranked 32); Roshni Nadar Malhotra, executive director and CEO of HCL Enterprise; Kiran Mazumdar-Shaw (64), Chairman and MD of Biocon; Shobhana Bhartia (92), Chairperson and Editorial Director, HT Media Ltd and Bollywood actress Priyanka Chopra at rank 97.

10. Our foreign policy geared around national security and prosperity

Building bridges


Union Minister of State for External Affairs MJ Akbar said India’s foreign policy is geared around two fundamental objectives of national security and prosperity. The economic partnerships and relationships that the country is building are clearly the most important inter-connectivity bridges”

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