NATIONAL NEWS
UN selects Noida to participate in Global Sustainable Cities 2025 plan
The United Nations selected Uttar Pradesh’s Noida and Greater Noida to participate in its Global Sustainable Cities 2025 initiative. The twin-cities in Gautam Buddh Nagar district, adjoining the national capital, have been selected in the “University City” category ahead of Mumbai and Bengaluru as the only invitee from India.
- Overall 25 cities across the world have been selected in five categories by the UN Global Sustainable Development Goals (SDG) cities initiative, Senior UN Advisor and CEO UN Global Sustainability Index Institute Roland Schatz said.
UP govt to install 221-metre bronze statue of Lord Ram in Ayodhya
Uttar Pradesh government will install a 221-metre bronze statue of Lord Ram in Ayodhya, Uttar Pradesh principal secretary (information) Avanish Awasthi said. The height of the actual statue would be 151 metres, its overhead umbrella would be 20 metres while the pedestal would be 50 metres. A museum would be housed at the pedestal.
Nitish Kumar unveils Lord Buddha's 70-feet statue in Bihar's Rajgir
Bihar Chief Minister Nitish Kumar unveiled a 70-feet tall statue of Lord Buddha at Rajgir in Nalanda district. It is the second tallest statue of Buddha in the country.
- The statue has been installed above a 16-metre radius pedestal in the middle of Lake Ghora Katora. It is made of pink sandstone. The Chief Minister said this place will be developed as a centre of eco-tourism.
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BANKING & FINANCE
Govt To Infuse INR 42,000 Crore In PSU Banks By March
The government will infuse Rs 42,000 crore in the state-owned banks by March-end and the next tranche would be released by mid-December. Close to Rs 42,000 crore remain to be infused as capital in public sector banks in the current financial year.
- State-owned banks will need less capital to meet their capital adequacy norms, as the Reserve Bank of India recently decided to defer the deadline for them to meet the global norms or Basel-III requirement by a year till March 2020.
BUSINESS & ECONOMY
India's GDP growth in Q2 likely to slow to 7.5-7.6%: SBI
Ahead of the official release of the second-quarter GDP figures, State Bank of India (SBI) estimated the country's economy to expand by 7.5-7.6 per cent, slower than the prior quarter, mainly on account of a slowdown in rural demand.
- India's largest lender also said in its Ecowrap report that the SBI Composite Leading Indicator (CLI), a basket of 21 leading indicators for the quarter in consideration, is showing a marginal declining trend.
India, ADB ink $200 mn loan pact to improve Bihar's state highways
The Indian government and the Asian Development Bank (ADB) signed a $200-million loan agreement for improving Bihar's state highways.
- ADB would provide the loan to finance the widening and upgrading of about 230 km of state highways in Bihar to all-weather standards with road safety features.
RBI Cuts Mandatory Hedging To 70% For Foreign Loans
Further easing the External Commercial Borrowing (ECB) norms, the Reserve Bank of India (RBI) reduced the mandatory hedging provision to 70 per cent from 100 per cent.
- The relaxation in hedging is for Indian companies raising foreign currency-denominated ECBs under Track I, which refers to medium-term borrowings with average maturity between three and five years.
- Further, it is also clarified that ECBs falling within the aforesaid scope but raised prior to the date of this circular will be required to mandatorily roll over their existing hedge(s) only to the extent of 70 per cent of outstanding ECB exposure.
SPORTS
Netherlands win FIH Women's Hockey Champions Trophy
The Netherlands outclassed Australia 5-1 to win its seventh Women's Hockey Champions Trophy at the Wujin Hockey Stadium in Changzhou China.
- The tournament featured only six teams, including world's top four of the Netherlands, Britain, Australia, Argentina as well as Asian Games champion Japan and host China.
- Australia finished second, followed by Argentina, China, Britain and Japan.
Manu won double gold in shooting
Manu Bhaker of Haryana won a double gold in junior sport pistol while Ravi Kumar and Rahi Sarnobat were crowned national champions in the men and women's events respectively in Thiruvananthapuram. The 16-year-old Bhaker claimed the individual gold in junior girl's sport pistol with 24, a yellow metal in junior team and a silver in senior team.
- Ravi and Rahi were crowned national champions in the men's 10m air rifle and women's 25m pistol events respectively in the ongoing National Shooting Championship.
Hamilton Wins Abu Dhabi GP
World champion Lewis Hamilton recorded his 11th win of the season as the F1 season came to an entertaining close in Abu Dhabi. The world champion crowns a championship-winning season with victory in the final race. Vettel takes second, ahead of Max Verstappen in third.
- Extra info.:
Lewis Hamilton- British racing driver - Mercedes
Syed Modi International Championships: Sameer Verma Won Gold, Saina Silver
India's Sameer Verma defeated Lu Guangzu of China in the men's singles final to successfully defend and win the Syed Modi International Championships in Lucknow.
However, in the women's singles, world number nine Saina Nehwal suffered an 18-21, 8-21 loss to China's Han Yue.
- Extra info.:
The 2018 Syed Modi International Badminton Championships venue: Babu Banarasi Das Indoor Stadium, Lucknow.
IMPORTANT DAYS
Indian Constitution Day
Constitution Day (National Law Day), also known as Samvidhan Divas, is celebrated in India on 26 November every year to commemorate the adoption of Constitution of India. On 26 November 1949, the Constituent Assembly of India adopted the Constitution of India, and it came into effect on 26 January 1950.
- The Government of India declared 26 November as Constitution Day on 19 November 2015.
National Milk Day
Back in 2014, all the dairy majors of India, along with the Indian Dairy Association, decided to observe the birthday of Verghese Kurien, on November 26, as National Milk Day. Kurien was the architect of Operation Flood which was launched in 1970 by India's National Dairy Development Board (NDDB).
- As the program came into force, India escalated from 50th position to the peak in terms of milk production in just a couple of decades.
- Extra info.:
NDDB Headquarters Anand, Gujarat
NCC Day
The week-long celebrations for the 70th National Cadet Corps (NCC) Day kicked off with a "Run for Fun" marathon in Lucknow. Major General A.K. Sapra, Additional Director General NCC (UP Directorate) flagged off the marathon in which around 800 people participated.
- The event was aimed at creating awareness among NCC cadets and the common people on issues like environmental conservation and to promote a sense of fitness and well-being.
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