RBI/ BANKING/ BUSINESS NEWS THIS MONTH

November 10: International Finance Corp (IFC) arm of World Bank issued 10 billion rupee
Masala bond to fund infrastructure development. The so-called Masala bonds mark the first
rupee bonds listed on the London Stock Exchange. The name masala bond is the Indian
counterpart of the Dim Sum bond applied to Chinese offshore issues of IFC. Bonds issued
inside India by IFC are known as Maharaja Bonds.
November 11: Reserve Bank of India tightened its norms for Non-Banking Financial Companies
(NBFCs) by requiring them to have a much stronger capital base. Failing to which, the NBFCs
would lose their CoR (Certificate of Registration). NBFCs have been given time till March 2017
to comply with the norms.
November 19: Indian Renewable Energy Development Agency Ltd ( IREDA) and US ExportImport (Exim) Bank signed a Memorandum of Understanding (MoU) with respect to cooperation
on clean energy investment.
November 25: State Bank of India (SBI) Mutual Fund (MF) announced that it will launch Shariah
Equity Fund on 1 December 2014. The fund is aimed at attracting investments from Muslim
populations of India. The fund has been approved by the All India Muslim Personal Law Board,
an authority that oversees the observance of Muslim civil laws in India.
November 26: The Securities and Exchange Board of India (SEBI) directed Foreign Portfolio
Investor (FPI) to ensure compliance with all necessary norms of Foreign Portfolio Investment
(FPI) Regulations before issuing Offshore Derivative Instruments (ODIs) especially participatory
notes (P-notes) with immediate effect. With respect to this SEBI issued the guidelines outlining
the details.
November 26: Reserve Bank of India (RBI) decided to sell worth 2000 crore rupees
government bonds through Open Market Operations (OMOs) to squeeze the liquidity in the

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market.
November 27: The Reserve Bank of India on 27 November 2014 issued Guidelines for
Licensing of Small Finance Banks in the Private Sector. As per the issued guidelines, the
minimum paid-up equity capital for small finance banks shall be 100 crore rupees.
November 28: Reserve Bank of India (RBI) released guidelines for Licensing of Payments
Banks. These guidelines will allow mobile firms and supermarket chains, among others, to enter
the banking arena to cater to individuals and small businesses.
The objectives of payments banks will be to further financial inclusion by providing small
savings accounts and payments or remittance services to migrant labour workforce, low
income households, small businesses, other unorganized sector entities and other users.
November 29: The Reserve Bank of India (RBI) eased gold imports and scrapped 20:80
scheme. The decision to withdraw the 20:80 scheme will cut smuggling of gold and raise legal
shipments into India.
In 2013, the 20:80 scheme was introduced to bring down inbound shipments, sliding rupee and
to combat a huge current account deficit (CAD) along with a hike in import duty to 10 percent.

NATION THIS MONTH

November 1: Maruti Suzuki launched a new version of Automatic car called Alto K10. The Alto
k10 at 3.80 lakh rupees is the cheapest automatic car in India.
November 2: Former Prime Minister of India Manmohan Singh received the Japans top national
award The Grand Cordon of the Order of the Paulownia Flowers 2014.
November 3: Indian Navy announced to commemorate the 1000th anniversary of the coronation
of ancient Tamil King Rajendra Chola with a series of activities.
Tamil Nadu Governor K Rosaiah would flag off the ship from the Chennai Port Trust premises to
Nagapattinam. It will symbolize the achievements of the Chola Navy.
November 3: The Union Government announced series of measures to help rejuvenate the
shipping industry in Goa and development of the Mormugao port.
Union Minister for Road Transport and Highways and Shipping Nitin Gadkari also signed a tripartite agreement between the Goa government, the Mormugao Port Trust (MPT) and the

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National Highway Authority of India (NHAI) for construction of a five kilometer stretch of a fourlane highway linking to the port.
November 3: Veteran Bollywood actor Sadashiv Amrapurkar died on 3 November 2014 in Mumbai
following lung infection. He was also a director and writer and won a number of prestigious awards
in theatre and film.
November 3: Central Zone won the 2014-15 Duleep Trophy title of cricket by defeating South
Zone in the finals played at Feroz Shah Kotla Ground, Delhi with 9 runs. This was the first Duleep
title for Central zone in ten seasons and the narrowest win in the tournaments history, in terms of
runs.
November 3: Fourth International Counter-Piracy Conference was held in Dubai from 29 30
October 2014. The theme of the Conference was Securing State Recovery: Sustaining Momentum
at Sea, Confronting Instability Land. The Conference was hosted by UAE Ministry of Foreign
Affairs in partnership with global marine terminal operator DP World.
November 4:The International Olympic Committee (IOC) welcomed the United Nations resolution
on Sports as a means to promote education, health, development and peace.
November 5: Global rating agency Standard & Poor lowered credit rating of state-owned Indian
Overseas Bank (IOB) to speculative grade.
November 5: The United States (US) became the partner country for Vibrant Gujarat Global
Investor Summit 2015.
November 7: Indian-origin British politician Nigel Keith Anthony Standish Vaz known as Keith Vaz
was named as the Labour MP of the year 2014.
November 7: Telangana Finance Minister Rajinder on 5 November 2014 speared the first budget
of the state in the Assembly. The state government proposed an expenditure of 100637 crore
rupees for the financial year 2014-15.
November 7: Senior IRS officer Anita Kapur was appointed as the new chairperson of the Central
Board of Direct Taxes (CBDT), the apex authority of the Income-Tax Department. She succeeded
K V Chowdary who retired on 31 October 2014.
November 9: An Indian-originated radiographer Dr Fawzia Peer was on 9 November 2014 elected

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as the president of the International Society of Radiographers and Radiological Technologists

(ISRRT). Dr Fawzia Peer is elected for the four year term.
November 10: The Prime Minister Narendra Modi launched the Jeevan Pramaan- an Aadhar
based Digital Life Certificate for pensioners. This digital life certificate will benefit over a crore
pensioners who have to produce Life Certificates each year to receive pension.
November 14 : Union Finance Ministry announced that Goa and Kerala became the first states in
the country to achieve 100 percent Financial Inclusion under Pradhan Mantri Jan Dhan Yojana
(PMJDY).
Also, three Union Territories (UTs) namely Chandigarh, Puducherry and Lakshadweep achieved
100 percent financial inclusion.
November 15: The Union Government launched the National Bal Swachhta Mission in New Delhi.
14 November is the birthday of first Prime Minister of India, Jawaharlal Nehru and is celebrated as
Childrens Day in India.
November 15: DD National to be re-launched with tagline Desh Ka Apna Channel
November 18: The Union Government relaunched Kisan Vikas Patra scheme (KVP) in New Delhi
to encourage the habit of small savings among the citizens.
November 20: Union Government approved launch of Deendayal Upadhyaya Gram Jyoti
Yojana (DUGJY) to provide access of electricity to rural households across the country. A decision
in this regard was taken at the Cabinet meeting chaired by Prime Minister Narendra Modi in New
Delhi. The Union Cabinet also decided to merge the ongoing Rajiv Gandhi Gramin Vidyutikaran
Yojana (RGGVY) with DUGJY scheme.
November 21: Organization for Economic Cooperation and Development (OECD) raised India
growth forecast to 6.6percent for the financial year 2015-2016.
November 21: Uninor announced the appointment of Vivek Sood as its new Chief Executive
Officer (CEO). The appointment will come into effect from 1 December 2014.
November 22: Indian Cyclist Deborah won four gold medals at the Track Asia Cup Cycling
Championship 2014. The Track Asia Cup Cycling Championship was held from 21 to 23
November 2014 at Indira Gandhi Stadium, New Delhi.

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November 24: Adani Power signed a binding agreement with Gautam Thapar-led Avantha Group
to buy its Korba West Power Co Ltd (KWPCL) unit. Adani will buy the 600 MW coal based power
plant unit of Avantha group in at 4200 crore rupees. The 600-MWs coal based power plant is at
Korba in Chhattisgarh.
November 25: Three global organizations signed a memorandum of understanding (MoU) to end
open defecation in India. The agreement is for three years.
These three organizations are the World Toilet Organization (WTO), WASTE and the Financial
Inclusion Improves Sanitation and Health (FINISH).
November 25: IAS officer Kiran Gurrala was appointed as the Chief Executive Officer (CEO) of
Chennai Metropolitan Development Authority (CMDA) on 24 November 2014.
November 26: The Union Ministry of Sports honored Olympics Gold winning Hockey Team of
1964. They were honored during the commemoration of the Golden Jubilee of 1964 Tokyo
Olympics where Indian hockey team had defeated Pakistan by 1-0 and won a gold medal.
November 27: Union Government launched Electronic Travel Authorization (ETA) Scheme or Evisa to make travel of foreigners to India on Tourist Visa on Arrival (TVOA) facility easier. The
scheme is available for 43 countries to boost tourism to India.
November 28: Prime Minister Narendra Modi visited Kathmandu, Nepal from 27 November to 28
November 2014. He visited Nepal as a part of 18th SARRC Summit.
During his visit, Prime Minister Modi also had bilateral interactions with all six leaders of SAARC
member countries to develop closer neighbourly ties, except Pakistan Prime Minister Nawaz
Sharif.
November 29: Major General Gadi Eizenkot appointed as 21st Chief of Staff of the Israel Defence
Forces (IDF).

INDIAN ECONOMY THIS MONTH

November 1: Union Cabinet has approved the proposal to amend Foreign Direct Investment
(FDI) policy in construction and real estate sectors. The proposal is the minimum capital
requirement to be brought down from 10 million US dollar to 5 million US dollar.
November 4: Global rating agency Standard & Poor lowered credit rating of state-owned Indian

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Overseas Bank (IOB) due to speculative grade from BB+ to BB.The rating will remain weak
over the next 12 months.
November 5: The Union Ministry of Micro, Small and Medium Enterprises (MSME) and the
International Labour Organization (ILO) signed a Memorandum of Understanding (MoU) to
support the Make in India Initiative of Union Government.
November 11 : Reserve Bank of India tightened its norms for Non-Banking Financial
Companies (NBFCs) by requiring them to have a much stronger capital base. Failing to which,
the NBFCs would lose their CoR (Certificate of Registration). NBFCs have been given time till
March 2017 to comply with the norms.
November 12 : International Finance Corp (IFC) arm of World Bank issued 10 billion rupee
Masala bond to fund infrastructure development.
November 13: Union Government constituted a high-level Inter-Ministerial Committee (IMC) to
ensure smooth allocation of 204 cancelled coal blocks. The committee will provide advise on
policy issues and interact with the industry.
November 18: Merchandise exports declined by 5 percent to 7-month low of 26 billion US
dollars in October 2014 resulting into widening of trade deficit to 13.3 billion US dollars in
October 2014.
November 19: Indian Renewable Energy Development Agency Ltd ( IREDA) and US ExportImport (Exim) Bank signed a Memorandum of Understanding (MoU) with respect to
cooperation on clean energy investment.
November 21: Organisation for Economic Cooperation and Development (OECD) raised India
growth forecast to 6.6percent for the financial year 2015-2016.
November 21: Securities Exchange Board of India (SEBI) announced to de-recognise Delhi
Stock Exchange (DSE) on the allegations of serious irregularities in its functioning.
November 26: (SEBI) directed Foreign Portfolio Investor (FPI) to ensure compliance with all
necessary norms of (FPI) Regulations before issuing Offshore Derivative Instruments (ODIs)
especially participatory notes (P-notes) with immediate effect.
November 27 : World Gold Council (WGC) and Indian Institute of Management, Ahmedabad
(IIMA) collaborated to set up India Gold Policy Centre to conduct research on all aspects of the
domestic gold industry
November 27: State Bank of India (SBI) Mutual Fund (MF) announced that it will launch
Shariah Equity Fund on 1 December 2014. The fund is aimed at attracting investments from
Muslim populations of India.

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November 28: The Reserve Bank of India issued Guidelines for Licensing of Small Finance
Banks in the Private Sector. As per the issued guidelines, the minimum paid-up equity capital
for small finance banks shall be 100 crore rupees.
November 28: Reserve Bank of India (RBI) released guidelines for Licensing of Payments
Banks. These guidelines will allow mobile firms and supermarket chains, among others, to
enter the banking arena to cater to individuals and small businesses.
November 29: Reserve Bank of India (RBI) decided to sell worth 2000 crore rupees
government bonds through Open Market Operations (OMOs) to squeeze the liquidity in the
market.
November 29: The Reserve Bank of India issued final guidelines for the Bharat Bill Payment
System (BBPS). The system will help consumers pay multiple bills like electricity, telephone
and school fees at a single point of transaction.
November 29: The Reserve Bank of India (RBI) eased gold imports and scrapped 20:80
scheme. The decision to withdraw the 20:80 scheme will cut smuggling of gold and raise legal
shipments into India.

GLOBE-TROT THIS MONTH

November 3: United Nations (UN) chief Ban Ki-moon launched a global campaign in Kenya to
end the deadly practice of female genital mutilation.
November 4: World Trade Center of US re-opened its new tower for business after the original
tower were destroyed in the 9/11 terrorist attack after 13 years.
November 4: Mauritius conveyed to Indian government that it is ready to support its Special
Investigation Team (SIT) to unearth black money
November 5: Israels Parliament passed law to block the release of Palestinian prisoners
convicted for murder in any future, peace negotiations.
November 5: The global benchmark, Brent crude oil, dropped 1.96 US dollar from 84.78 US
dollars per barrel to 82.82 US dollars per barrel
November 6: The Republican Party of United won the control of the Senate in the US mid-term
elections 2014 after defeating the Democrats.
November 6: Indonesia announced to support the establishment of Chinese-led Asian
Infrastructure Investment Bank (AIIB)

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November 6: The Union Cabinet gave its approval for signing a treaty on transfer of sentenced
persons between India and Nigeria.
November 7: India and Russia agreed to constitute a joint study group for trade between India
and Customs Union of Belarus, Kazakhstan and Russia.
November 7: China developed a highly accurate homemade laser defence weapon system
capable of shooting down small-scale drones flying at low attitude.
November 7: OECD was released Economic Outlook 2014 and stated that Global GDP growth
is projected to reach a 3.3 percent rate in 2014.
November 8: India and Bhutan signed a Memorandum of Understanding (MoU) to develop
Nalanda University in Bihar as an international centre of excellence.
November 11: China on lifted ban on social networking websites like Face book, Twitter for
reporters.
November 11: Long Range Surface-to-Air Missile (LRSAM) Barak 8 missile, the missile codeveloped by India and Israel.
November 13: India and UK announced Newton-Bhabha Fund to scale up their bilateral
research & innovation relationship to a greater level.
November 14: India and the US agreed to resolve their differences over public stockholding for
food security and opened path for TFA of WTO.
November 17: India and Republic of Korea signed an A Memorandum of Understanding (MoU)
to facilitate technical cooperation in Railway sector between the two countries.
November 17: China will play host to the Group of Twenty (G20) Summit of the emerging
economies in 2016. The decision was announced by Australian PM Tony Abbott
November 18: India and Australia signed five pacts on social security, transfer of sentenced
prisoners, combating narcotics trade, tourism, and Arts and Culture.
November 19: India and Fiji signed three agreements to strengthen bilateral relations
November 21: The Union Cabinet chaired by the Prime Minister Narendra approved the

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signing of three SAARC agreements.

November 26:India and Nepal signed 10 pacts (five Agreements and five MoUs) during Prime
Minister Narendra Modi visit to Nepal.
November 28: 18th SAARC Summit concluded in Kathmandu, Nepal with Kathmandu
Declaration. 19th Summit of SAARC will be held at Islamabad, Pakistan in 2016.
November 28: India and Mozambique signed a MoU for cooperation in Oil and Gas sector for a
period of five years.
INDIAN LEADERS VISITING ABROAD/ FOREIGN COUNTRY NATIONALS VISITING INDIA
November 13: President Pranab Mukherjee visited Bhutan to strengthen ties between the two
countries. This is the first bilateral visit by a President of India to Bhutan in 26 years.
November 18: Union Home Minister Rajnath Singh visited Israel to discuss bilateral issues
including strengthening security ties and fight against terror.
November 21 :Prime Minister Narendra Modi visited Australia He visited Australia as part of G20 summit and bilateral summit with Australia.
November 22 : Prime Minister Narendra Modi visited to Fiji .He had a meeting with Pacific
Island Leaders and announced measures to strengthen partnership with Pacific Islands.
November 26 : External Affairs Minister Sushma Swaraj visited United Arab Emirates at the
invitation of UAE Foreign Minister Sheikh Abdullah Bin Zayed Al Nahyan.
November 28 : Prime Minister Narendra Modi visited Kathmandu, Nepal. He visited Nepal as a
part of 18th SARRC Summit.
APPOINTMENTS/ RESIGNATIONS THIS MONTH
November 1: Rajiv Mehrishi took charge as Union Finance Secretary under the Union Ministry
of Finance.
November 4: Government appointed Gujarat-cadre Hasmukh Adhia as the Financial Services
Secretary. He has succeeded GS Sandhu.
November 5: The Italian physicist Fabiola Gianotti is appointed as first woman chief of CERN
particle physics research centre.

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November 5:Bahujan Samaj Party national general secretary and Rajya Sabha MP Akhilesh
Das Gupta on 3 November 2014 resigned from the party with immediate effect.
November 7: Senior IRS officer Anita Kapur is appointed as the new chairperson of the Central
Board of Direct Taxes (CBDT).
November 8: Goa Chief Minister Manohar Gopalkrishna Prabhu Parrikar resigned from his
position.
November 10: An Indian-originated radiographer Dr Fawzia Peer is elected as the president of
ISRRT.
November 10: Haryana Government is appointed Baldev Raj Mahajan, senior advocate,
Punjab and Haryana High Court, as Advocate General (AG) with immediate effect.
November 10:: The Union Government is appointed GS Sandhu as Chairman of National
Chemical Weapon Convention.
November 11: The Bar Council of India (BCI) re-elected Mannan Kumar Mishra and S.
Prabakaran as Chairman and Co-chairman respectively.
November 12: Former Indian Police Service (IPS) Officer K C Reddy is appointed as the
member of United Nations (UN) probe panel on Gaza.
November 12: Indian-American Aditi Hardikar is appointed to a key White House position as
liaison with the Lesbian, Gay, Bisexual, and Transgender (LGBT) community.
November 15: Farhan Akhtar became the first male ever to be chosen as a Goodwill
Ambassador of UN Women from South Asia.
November 24: Deepak Gupta was appointed as chairman of Union Public Service Commission
(UPSC).
November 25: Former Supreme Court (SC) judge Justice Chandramauli Kumar (CK) Prasad is
chosen as the next chairperson of the Press Council of India.
November 25: US Defence Secretary Chuck Hagel resigned after less than two years in the top
military post.
November 26: Sania Mirza appointed as UN Women Goodwill Ambassador for South Asia.
November 28: Former Uttar Pradesh chief secretary Anoop Mishra was on 26 November 2014
appointed as new Secretary General of the Lok Sabha.
AWARDS/HONOURS/WORLD TITLES/NEW DISCOVERIES THIS MONTH
November 4: Manmohan Singh is chosen for Japans top national award The
Grand Cordon of the Order of the Paulownia Flowers 2014.

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November 5: Narinder Batra is awarded the prestigious President's Award by the

International Hockey Federation (FIH) at Morocco.
November 10: The Darjeeling Zoo or the Padmaja Naidu Himalayan Zoological
Park was is selected for the prestigious International Award The Earth Heroes
Award 2014.
November 11: President conferred the Jnanpith Award 2013 on eminent Hindi
poet Kedarnath Singh for his outstanding contribution towards Indian literature.
November 17: SAIL Chairman CS Verma was conferred with the IIM- JRD Tata
Award for Excellence in Corporate leadership in Metallurgical Industries for the
year 2014.
November 18: Veteran classical vocalist Pandit Jas raj was on 17 November 2014
conferred with the Sumitra Charat Ram Award for Lifetime Achievement.
November 19: Neha Gupta was awarded the prestigious International Childrens
Peace Prize 2014 by Desmond Tutu in The Hague .
November 20: ISRO will be conferred the Indira Gandhi Prize for Peace,
Disarmament and Development for 2014.
November 22: Dilip Vengsarkar received the prestigious BCCI -instituted Colonel
C K Nayudu Lifetime achievement award for his contribution to Indian cricket.
November 25: Lahore-based author Bilal Tanweer won the 2014 Shakti Bhatt
First Book Prize for his novel The Scatter Here Is Too Great (Random House
India).
SPORTS NEWS THIS MONTH
November 3: Central Zone won the 2014-15 Duleep Trophy title of cricket by defeating South
Zone in the finals played at Feroz Shah Kotla Ground, Delhi
November 3: Hockey India President Narinder Batra became a member of International Hockey
Federation (FIH) Executive Board.
November 4: Justice Mukul Mudgal Committee submitted its final report on Indian Premier
League betting and spot-fixing scandal to the Supreme Court.

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November 4: The International Olympic Committee (IOC) welcomed the United Nations
resolution on Sports as a means to promote education, health, development and peace.
November 5: Cricketer Bhuvneshwar Kumar won LG Peoples Choice Award 2014. He is the
third Indian player after Sachin and Dhoni to win the coveted prize.
November 6: Mahendra Singh Dhoni is named as the captain of ICC OCI Team of the Year
2014.
November 6: Angelo Mathews was named as captain of the ICC Test Team of the Year 2014
by a panel chaired by Anil Kumble.
November 7: Cristiano Ronaldo was presented with 2013-14 European Golden Boot award.
He shared the prize with Luis Suarez, having scored 31 times.
November 10: Virat Kohli became the quickest cricketer in the history score 6000 ODI run
mark. He overtook legendary West Indian Vivian Richards' record.
November 10: Indian Mens Hockey team won four match series against Australia played at
Perth Hockey Stadium
November 11: ICC raised World Cup prize money by 20 percent.
November 11: Salgaocar FC won Durand Cup emerged as Durand Cup champion for the third
time.
November 12: Badminton World Federation (BWF) provisionally suspended Malaysian
badminton player and World No. 1 Lee Chong Wei due to an apparent anti-doping regulation
violation.
November 13: The Indian cricketer Rohit Sharma scored the highest ODI score ever of 264
runs. The score of 264 runs is also the second-highest List A score.
November 13: ICC announced its ambassadors for ICC Cricket World Cup (CWC) 2015.
Indias Kohli is among 5 cricketers selected for the job.
November 14: Supreme Court disclosed names N Srinivasan and Gurunath Meiyappan
involved in IPL spot fixing probe done by Mudgal Committee.
November 17: Saina Nehwal and Kidambi Srikanth won womens and mens singles title of the
China Open Super Series Premier of Badminton.
November 17: Novak Djokovic won this year's ATP World Tour finals after Roger Federer
withdrew from the title clash due to a back injury.
. November 19: Indian batsman Suresh Raina became co-owner of Hockey India League (HIL)
franchise team, Uttar Pradesh Wizards.
November 19: Terry Walsh resigned as Chief Coach of Indian hockey team after his
contractual talks with Hockey India (HI) and the Sports Authority of India (SAI) broke down.

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November 22: India won the 2014 SAFF Women's Championship at the Jinnah Stadium in
Islamabad after defeating Nepal 6-0.
November 24: Lewis Hamilton won the Abu Dhabi Grand Prix at Yas Marina circuit and the
Formula 1 racing championship title of 2014.
November 24: Switzerland won its first Davis Cup Tennis title after defeating France by
securing three-one lead at Lille Stade Pierre Mauroy.
November 25: Tribal girl from Andaman and Nicobar, Deborah won four Gold Medals in the
Track Asia Cup Cycling Championship 2014.
November 26: Australian cricketer Phillip Hughes went into induced coma and died after a
bouncer ball of Sean Abbott hit back of his head at Sydney Cricket Ground.
November 27: 2010 Commonwealth Games gold-medalist boxer Manoj Kumar received the
prestigious Arjuna Award by Sports Minister Sarbananda Sonowal in New Delhi.
November 27: SC in its observation decided that IPL team Chennai Super Kings should be
disqualified without any further enquiry.
November 30: PV Sindhu won 2014 Macau Open Grand Prix Gold Badminton Title by
defeating Kim Hyo Min of Korea

EULOGIES THIS MONTH

November 1: Former Chairman of Union Carbide Corporation Warren M Anderson who was
blamed for the 1984 Bhopal gas tragedy died. He was 92.
November 3: Veteran Bollywood actor Sadashiv Amrapurkar died in Mumbai following lung
infection.
November 8: The electrical equipment maker Havells India Limited group chairman Qimat Rai
Gupta passed.
November 10: Melathu Veettil Raghavan, CMP leader died at the age of 81 due to Parkinsons
disease.
November 11: Noted scholar and JNU professor Mathias Samuel Soundra Pandian following a
sudden heart attack.
November 13: Ravi Chopra, director of famous television (TV) show Mahabharata, died in
Breach Candy Hospital, Mumbai.

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November 14: Veteran sports scribe and President of the Sports Journalists Association of
Mumbai Chandrasekhar P Sant died following a massive heart attack.
November 17: Senior Indian National Congress leader and former Odisha Minister of Health &
Family Planning Mohan Nag died at Bhubaneswar.
November 19: Veteran Tamil film director Rudraiya Chockalingam died on 19 November 2014
in Chennai following a brief illness.
November 20: Sri Lankas oldest hotel doorman, Kuttan died. He served world leaders like
Lord Mountbatten, Princess Elizabeth, Mahatma Gandhi and others.
November 21: Oscar award winner Mike Nichols was died at the age of 83
November 21: Mathematician Alexander Grothendieck died in France at the age of 86.
November 24: Former Union Minister Murli Deora died after a prolonged illness in Mumbai. He
is survived by his wife and two sons, including former MP Milind Deora.
November 28: Crime novelist Phyllis Dorothy James died at the age of 94 in Oxford, UK.
November 29: The iconic Mexican comedian Roberto Gomez Bolanos, nicknamed as
Chespirito died at age 85.
MISCELLANEOUS NEWS THIS MONTH
November 1: All India Radio News Services Division launched free SMS service in four more
languages to provide news updates to people.
November 3: Germanys historic wrought-iron gate bearing the Nazis cynical slogan, Arbeit
macht frei stolen from the former Dachau concentration camp.
November 3: Indian Navy announced to commemorate the 1000th anniversary of the
coronation of ancient Tamil King Rajendra Chola with a series of activities.
November 6: The Commemorative Postage stamp on Liver Transplantation in India is released.
November 6: The Forbes list of the World's Most Powerful People 2014 is released. The list
gives the annual ranking of the Worlds 72 Most Powerful People on the basis of their financial

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resources, scope and use of power and the number of people they impact.
November 7: Scientists developed antibiotic-free drug named Staphefekt as an alternative for
antibiotics.
November 15: Prasar Bharti announced to re-launch DD National with new tagline
Doordarshan National Desh Ka Apna Channel. Also, new colours of purple and pink are
added with a fresh palette of programming.
November 21 :Scientists at the Indian Institute of Technology, Bombay (IIT-B) have developed
a hollow-fiber membrane that cuts the cost and time required in dialysis procedure by almost
50 per cent.
November 27 :The first 3D-printed object was on 25 November 2014 developed in space by
world's first zero-gravity 3D printer created by NASA and Made In Space Inc.
November 27 : Scientists at Katholieke University in Belgium have found new method to
convert sawdust into building blocks for petrol.
November 29: Cricketing fraternity as well as cricket fans paid their tribute to 25-year-old
Australian cricketer Phillip Hughes on twitter by using hashtags #putoutyourbats.
November 29: Singapore launched a new National Day song in Tamil language to celebrate 50
years of independence.

RECURRING TERMS IN NEWSPAPER THIS MONTH

External Commercial Borrowings: An external commercial borrowing (ECB) is an instrument
used in India to facilitate the access to foreign money by Indian corporations and PSUs (public
sector undertakings). ECBs include commercial bank loans, buyers' credit, suppliers' credit,
securitised instruments such as floating rate notes and fixed rate bonds etc., credit from official
export credit agencies and commercial borrowings from the private sector window of
multilateral financial Institutions ECBs cannot be used for investment in stock market or
speculation in real estate.
Foreign Investment Promotion Board: The Foreign Investment Promotion Board (FIPB) is a
national agency of Government of India, with the remit to consider and recommend foreign

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direct investment (FDI) which does not come under the automatic route. It provides a single
window clearance for proposals on FDI in India.
Blue Revolution
The term "blue revolution" refers to the remarkable emergence of aquaculture as an important
and highly productive agricultural activity. Aquaculture refers to all forms of active culturing of
aquatic animals and plants, occurring in marine, brackish, or fresh waters.
Know your customer : Know your customer (KYC) is the process used by a business to verify
the identity of their clients. The term is also used to refer to the bank regulation which governs
these activities. Know your customer processes are also employed by companies of all sizes
for the purpose of ensuring their proposed agents', consultants' or distributors' anti-bribery
compliance. Banks, insurers and export credit agencies are increasingly demanding that
customers provide detailed anti-corruption due diligence information, to verify their probity and
integrity.
MORTAGAGE LOAN : A mortgage loan, also referred to as a mortgage, is used by purchasers
of real property to raise money to buy the property to be purchased or by existing property
owners to raise funds for any purpose. The loan is "secured" on the borrower's property. This
means that a legal mechanism is put in place which allows the lender to take possession and
sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event that
the borrower defaults on the loan or otherwise fails to abide by its terms

ABBREVIATIONS THIS MONTH

ABCP -

Asset-Backed Commercial Paper

ADA: Advance Deposit Account

AIBEA:

All India Bank Employees Association

AIIBOA:

All India Indian Bank Officers' Association

CTFS: Child Trust Fund(s)

FIPB : Foreign Investment Promotion Board
ECB : External Commercial Borrowings
IFFI :

International Film Festival Of India

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KYC - Know Your Customer

LAF - Liquidity Adjustment Facility
LB - Lowest daily outstanding Balance
LCD - Liquid Crystal Display
LIBOR - London Inter-Bank Offer Rate
LOI - Letter of Intent
LPA - Long Period Average
MASI - Management Audit Systems Inspection

IMPORTANT DAYS THIS MONTH

November
1

World Vegan Day

November
5

World Interact Day

November International Day for Preventing

6
the Exploitation of the
Environment in War and Armed
Conflict
November
8

World Radiographer Day

November
9

World Freedom Day

November
14

World Diabetes Day

November
International Day for Tolerence
16
November
17

International Students Day

November
19

World Toilet Day

November

International Mens Day

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19
November
20

Universal Childrens Day

November
20

Africa Industrialization Day

November
21

World Fisheries Day

November
21

World Hello Day

November
21

World Television Day

November
International Day for the
25
Elimination of Violence Against
Women

SPECIAL FEATURES OF THE MONTH

18th SAARC SUMMIT
The eighteenth summit of 'South Asian Association of Regional Cooperation' (SAARC) was held in
Kathmandu, the capital of Federal Democratic Republic of Nepal during 2627 November 2014. The
theme of the summit was Deeper Integration for Peace and Prosperity, focused on enhancing
connectivity between the member states for easier transit-transport across the region. Sushil Koirala,
the Nepalese Prime Minister, was the main host of the event which took place in Rastriya Sabha Griha
Sanandan Raj, Nepal The summit took place after an interval of three years as the last summit

was held in 2011 in Maldives and the next summit will now be held in Islamabad in 2016.
BACKGROUND
On 26 May 2014, head of state/head of government of all SAARC nations attended the
Swearing-in ceremony of Narendra Modi in New Delhi and the following day they have held
high level discussion with the newly appointed Indian Prime Minister Narendra Modi which was
dubbed as the mini SAARC summit in the media. There it was agreed to revitalize the SAARC
initiative and a summit was agreed upon in Nepal at the earliest Started on November 26, the
two-day SAARC Summit was the 18th session of the multilateral organisation.Incheon was
awarded the right on April 17, 2007, defeating Delhi, India to host the Games. Incheon was the
third city in South Korea after Seoul (1986) and Busan (2002) to host the Asian Games.

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PARTICIPANTS
The following heads of state/heads of government of the eight member countries
participated in the summit in Kathmandu.
SAARC members
Member
Represented by
Title
Afghanistan Ashraf Ghani
President
Bangladesh Sheikh Hasina
Prime Minister
Bhutan
Tshering Tobgay
Prime Minister
India
Narendra Modi
Prime Minister
Maldives
Abdulla Yameen
President
Nepal
Sushil Koirala
Prime Minister
Pakistan
Nawaz Sharif
Prime Minister
Sri Lanka
Mahinda Rajapaksa President
AGENDA
Foreign Ministers of the eight member states signed an agreement on energy cooperation
namely 'SAARC Framework Agreement for Energy Cooperation (Electricity)' in the presence of
their heads of state and government during the concluding ceremony of the 18th SAARC
Summit on 27 November. Although Pakistan stalled, citing insufficient internal preparations,
signing of two other agreements on Vehicular Traffic and Railways respectively. Although
Nepalese Prime Minister Sushil Koirala, current SAARC Chair, expressed his hope that the
'Regulation of Passenger and Cargo Vehicular Traffic amongst SAARC Member States', and
'SAARC Regional Agreement on Railways' would be signed later after the Transport Ministers
of these countries reviewed them. It was also decided that Pakistan will host the next summit in
2016.

45th INTERNATIONAL FILM FESTIVAL OF INDIA, GOA

Introduction
The International Film Festival of India (IFFI), founded in 1952 is one of the most significant film
festivals in Asia. Held annually in the state of Goa, on the western coast of the country, the
festival aims at providing a common platform for the cinemas of the world to project the
excellence of the film art; contributing to the understanding and appreciation of film cultures of
different nations in the context of their social and cultural ethos; and promoting friendship and
cooperation among people of the world.
History

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The 1st edition of IFFI was organized by the Films Division, Government of India, with the
patronage of the first Prime Minister of India. Held in Mumbaifrom 24 January to 1 February
1952the Festival was subsequently taken to Madras, Delhi, Calcutta and Trivandrum.In all it
had about 40 features and 100 short films. In Delhi, the IFFI was inaugurated by Prime Minister
Pt. Jawaharlal Nehru on 21 February 1952.
List of Awardees
Best Film- The Russian Fim Leviathan has been awarded the Golden Peacock at the 45 th IFFI.
Best Director- Nadav Lapid for the Israeli film The Kindergarten Teacher
Best Actor (Female)- Alina Rodriguez for Cuban film Behaviour and Sarit Larry for The
Kindergarten Teacher.
Best Actor (Male)- Alexy Serebryakov for Leviathan and Dular Sarkar for bengali film Chhotober
Chhobi.
Lifetime Achievement award- awarded to chinese film maker Wong Kar-Wai.

G-20 SUMMIT, 2014

The 2014 G-20 Australia summit was the ninth meeting of the G-20 heads of
government. It was held in Brisbane, the capital city of Queensland, Australia, on
1516 November 2014. The hosting venue was the Brisbane Convention &
Exhibition Centre at South Brisbane. The event was the largest ever peacetime
police operation in Australia.
On 1 December 2013 Brisbane became the official host city for the G20. The
City of Brisbane had a public holiday on 14 November 2014. Up to 4,000
delegates were expected to attend with around 2,500 media representatives. The
leaders of Mauritania, Myanmar, New Zealand, Senegal, Singapore, and Spain
were also invited to this summit

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AGENDA
The main objectives of the summit were to "provide strategic priority for growth,
financial rebalancing and emerging economies, investment and infrastructure,
and employment and labour mobility Professor of international finance law at the
University of New South Wales Ross Buckley suggested that the summit should
have emphasised the implementation of existing strategies rather than seeking
agreement towards reforms.
Climate change was not included as a subject for discussion at the summit;
Australian Prime Minister Tony Abbott stated he did not want the agenda
"cluttered" by subjects that would distract from economic growth. Officials from
the European Union and United States of America were reported to be unhappy
with this decision.At each of the previous summits climate change was included
on the agenda.

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