CA November 2018 - Preview 1544425701 52 PDF

CURRENT AFFAIRS NOVEMBER 2018
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.................................................................................................................................... 1
Preface .......................................................................................................................2
Topics of the Month .................................................................................................5
India ranked 77 in World bank’s Doing Business Report ...................................................................... 5
National .................................................................................................................... 6
Rajasthan lab comes up with e-crackers................................................................................................ 6
Decommissioned carrier INS Viraat to become a floating museum.................................................... 6
International .............................................................................................................7
"SCO Joint Exercise on Urban Earthquake Search & Rescue -2019” Begins ....................................... 7
Japan cabinet approves bill to accept foreign workers ....................................................................... 7
Economy & Banking ................................................................................................ 8
Agarwal Committee on Regulating Audit Firms and Network submits report.................................. 8
PM Modi launches support, outreach programme for MSME ............................................................ 8
Science & ENVIRONMENT ....................................................................................... 9
NASA’s Kepler space telescope to retire ............................................................................................... 9
India among nations that face grave danger to soil biodiversity: WWF............................................. 9
Sports....................................................................................................................... 10
Qatar to host World Corporate Games 2019 ........................................................................................10
India clinches PayTM Series against West Indies 3-1............................................................................10
Bangladesh wins SAFF U-15 Championship ..........................................................................................10
Bajwa shoots historic skeet gold at Asian Shotgun Championship ...................................................10
State .......................................................................................................................... 11
Jharsuguda Airport renamed as “Veer Surendra Sai Airport ............................................................. 11
Odisha government launches Saura Jalnidhi Scheme ......................................................................... 11
Election Commission sets up ‘Sangwari’ polling booths in Chhattisgarh.......................................... 11
Person in News ....................................................................................................... 12
S S Deswal appointed as DG of ITBP ..................................................................................................... 12
Anupam Kher resigns as chairman of FTII ............................................................................................ 12
Awards ..................................................................................................................... 13
Namrata Biji Ahuja wins International Press Institute-India award ................................................... 13
Veteran journalist N. Ram chosen for Raja Ram Mohan Roy Award.................................................. 13
Defence & Security ................................................................................................. 14

Indian Navy inducts Deep Submergence Rescue Vessel capability ....................................................14
Offshore patrol vessel ICGS Varaha launched ......................................................................................14
INS Arihant crew felicitated on completion of Nuclear Triad.............................................................14
Questions for Practice............................................................................................ 15
One Liners of the Month ........................................................................................ 16
National ...................................................................................................................................................16
TOPICS OF THE MONTH
INDIA RANKED 77 IN WORLD BANK’S DOING BUSINESS REPORT
The World Bank released its annual report

highlighting Ease of Doing Business across
the world on October 31, 2018. The report is
titled ‘Doing Business 2019: A Year of Record
Reforms, Rising Influence’.
This year report ranks 190 economies based

on how easy it is to do business there in 2017-
18, taking into account trading regulations,
property rights, contract enforcement,
investment laws, the availability of credit and
a number of other factors. The first report
was published in 2003.
The top ranked economy in Ease of Doing

Business Index is New Zealand and India is
ranked 77th, improving its position by 23
position. In 2018 report, India was ranked
100th.
KEY HIGHLIGHTS
• The top five overall are: New Zealand, Singapore, Denmark, Hong Kong and Korea.
• Afghanistan had moved up the most, by 16 spots, from 183th in last year’s ranking to 167th
this year.
• China and India — two economies with the largest populations — are among top 10
improvers this year.
• Afghanistan, Djibouti, Azerbaijan, Togo, Kenya, Côte d’Ivoire, Turkey and Rwanda rounded
out the top 10 most improved list.
• In addition, Djibouti and India are the only economies to make the 10 top most improved list
for the second consecutive year.
HOW INDIA HAS IMPROVED ITS RANKING?
The Doing Business assessment provides objective measures of business regulations and their
enforcement across 190 economies on 10 parameters affecting a business through its life cycle.
NATIONAL
RAJASTHAN LAB COMES UP WITH E-CRACKERS
• Scientists at the Central

Electronics Engineering
Research Institute (CEERI) in
Pilani have recently
developed four varieties of
battery-fitted e-crackers, the
electronic version of
firecrackers.
• A Centre-run laboratory in
Rajasthan’s Jhunjhunu district
has developed e-crackers that
produce the same light and
sound as traditional
firecrackers without emitting any of the hazardous smoke that spike air pollution.
• The institute, which is under the Council for Scientific and Industrial Research (CSIR), has
invited people to see its demonstration on the Pilani campus on November 4.
• It is a welcome innovation as people who love the sound and lights emitting from
firecrackers can switch to e-crackers. Supreme Court has issued direction last month to burst
the crackers in Delhi-NCR only for two hours (8-10 PM) due to rising severe air pollution.
• National Environmental Engineering Research Institute (NEERI) has also come up with the
Green Firecrackers. Green firecrackers would refer to products that do not contain metals
such as barium, aluminium and iron which create toxic gases.
DECOMMISSIONED CARRIER
INS VIRAAT TO BECOME A
FLOATING MUSEUM
• The Maharashtra state cabinet

approved the proposal to convert
Indian Navy’s longest-serving
aircraft carrier, INS Viraat, into
India’s first-ever moored maritime
museum-cum-marine adventure
centre.
• The aircraft carrier will be
converted into a museum at a cost
of Rs 852 crore on public-private
partnership (PPP) mode.
INTERNATIONAL
"SCO JOINT EXERCISE ON URBAN EARTHQUAKE SEARCH & RESCUE -

2019” BEGINS
• India on 1 Nov began a

preparatory meet for the first
phase of main Shanghai
Cooperation Organisation
(SCO) joint 2019 exercise with
all eight-member countries.
• The representatives of the
SCO member countries -- India,
Kazakhstan, China, Kyrgyzstan,
Pakistan, Russia, Tajikistan and
Uzbekistan -- attended the
two-day meet for the main
exercise on 'Urban Earthquaqe
Search and Rescue' scheduled
between February 21 and 24.
• The SCO exercise would be
held in Delhi, with the National Disaster Response Force (NDRF) having been entrusted with
the responsibility to organise it.
JAPAN CABINET APPROVES BILL TO ACCEPT FOREIGN WORKERS
• Japan's cabinet approved a draft bill to bring more blue-collar foreign workers into the
country, in a controversial move to address chronic labour shortages.
• The draft bill allows foreign nationals with skills in sectors facing particularly severe
shortages to obtain five-year visas, which would not allow them to bring their families.
• Among the sectors in most need are agriculture, construction, hospitality/tourism and
nursing.
• Foreign workers in those fields who hold stronger qualifications and pass a more difficult
Japanese language test will be able to obtain a visa that can be extended indefinitely,
eventually leading to residency, and will be able to bring over family.
ECONOMY & BANKING
AGARWAL COMMITTEE ON REGULATING AUDIT FIRMS AND

NETWORK SUBMITS REPORT
• The Committee of Experts

headed by Anurag Agarwal
has submitted its report on
Regulating audit firms and the
Networks to the Government
of India through the Secretary,
Ministry of Corporate Affairs.
• The Committee was
constituted on April 20, 2018,
pursuant to the directions of
the Supreme Court in the
matter of S. Sukumar versus
The Secretary, Institute of
Chartered Accountants of
India.
• The report addresses the issues raised by the Supreme Court with a focus to strengthen the
legal regime of auditors and promote the development of the audit profession in the
country.
• Establishment of the National Financial Reporting Authority (NFRA) as a necessary
institutional reform which would align the Indian audit landscape with the global position.
PM MODI LAUNCHES SUPPORT, OUTREACH PROGRAMME FOR

MSME
• Prime Minister
Narendra Modi on
November 2, 2018
launched the Support
and Outreach
Programme for the
Micro, Small and
Medium Enterprises
(MSME) sector. The
programme will continue for 100 days in 100 districts.
• As part of it, he announced 12 ‘gifts’ to the sector. These include easy and cheaper credit,
relaxation in labour laws, easier compliance with environmental rules and changes in
company laws.
SCIENCE & ENVIRONMENT
NASA’S KEPLER SPACE TELESCOPE TO RETIRE
• NASA has announced

that Kepler Space
Telescope will be
retired after 9 years of
its service. Kepler was
NASA’s first planet
hunting mission and it
discovered 2600
planets since 2009.
• The Kepler’s camera
measured changes in
the brightness of
150,000 stars in one
patch of sky to
identify alien planets,
including 10 planets that could potentially be inhabited by humans.
• Kepler used a detection method called transit photometry, which looked for periodic,
repetitive dips in the visible light of stars caused by planets passing, or transiting, in front of
them.
• To identify and observe distant planets of interest, planetary researchers will now turn to
other telescopes, like Hubble, the Transiting Exoplanet Survey Satellite (TESS),
which launched in April, or the James Webb Space Telescope, which is set to launch in 2021.
INDIA AMONG NATIONS THAT FACE GRAVE DANGER TO SOIL

BIODIVERSITY: WWF
• According to World Wide Fund;

India’s high population makes it
vulnerable to an ecological crisis.
The WWF’s ‘risk index’ for the
globe shows India among countries
whose soil biodiversity faces the
highest level of risk.
• WWF’s ‘risk index’ indicates threats
from loss of above-ground
diversity, pollution and nutrient
over-loading, over-grazing,
intensive agriculture, fire, soil erosion, desertification and climate change.
SPORTS
QATAR TO HOST WORLD CORPORATE GAMES 2019
• Qatar will host the 23rd edition of the World Corporate Games in 2019. The Games, making
maiden appearance in the Middle East, will provide an opportunity for corporations around
the world to showcase their competitive prowess through sports.
• The World Corporate Games, established nearly 30 years ago, aims to bring together, the
local, regional and international business sporting community.
• The event features both individual and team competitions, open equally to women and men
of all ages and abilities with team events for skilled, semi-skilled or novice participants.
INDIA CLINCHES PAYTM

SERIES AGAINST WEST
INDIES 3-1
• India has won the PayTM ODI series

against West Indies by 3-1. The
matches were held in India.
• The Man of the Series award was
given to Indian Captain Virat Kohli.
BANGLADESH WINS SAFF U-15 CHAMPIONSHIP
• Bangladesh defeated Pakistan 3-2 in the final of SAFF U-15 Football Championship played at
ANFA Complex ground in Kathmandu, Nepal.
• This is the second recent title won by the Bangladesh team. They had won the Under-16
tournament in 2015.
• For the third place, India beat the host Nepal 1-0.
BAJWA SHOOTS HISTORIC

SKEET GOLD AT ASIAN
SHOTGUN CHAMPIONSHIP
• In the 8th Asian Shotgun Championship

in Kuwait, Angad Vir Singh Bajwa has
won a gold with a world record score in
the men's skeet final. He became the
first Indian skeet shooter to win a
continental or world level event.
STATE
JHARSUGUDA AIRPORT RENAMED AS “VEER SURENDRA SAI

AIRPORT
• The Union Cabinet meeting chaired by Prime Minister Narendra Modi on 01 Nov approved
renaming of the Jharsuguda Airport (Odisha) as ‘Veer Surendra Sai Airport’.
• Odisha Chief Minister Naveen Patnaik had earlier written to PM Modi urging the latter
to name Jharsuguda Airport after freedom fighter Veer Surendra Sai.
• Jharsuguda is the only second city having airport after Biju Patnaik Airport in
Bhuvneshwar.
ODISHA GOVERNMENT LAUNCHES SAURA JALNIDHI SCHEME
• Odisha Chief Minister Naveen Patnaik launched the 'Saura Jalnidhi' scheme on October 30,
2018. The objective of this scheme is to encourage the use of solar energy in irrigation by
farmers.
• The state government has decided to increase the use of solar photovoltaic pump sets in
those areas so that the irrigation facilities can be provided where the power system is bad.
• Under this scheme, farmers will be given 90 per cent subsidy and 5,000 solar pumps. This will
provide irrigation benefits in 2,500 acres of the state.
• In the first phase, this scheme will be available in those areas where electricity is not available
for running the pump set.
• The government has made a provision of Rs 27.18 crore in the financial year 2017-18 for this
scheme.
• The benefit of this scheme will be to the farmers who have valid farmer identity cards and
have minimum 0.5 acres of agricultural land.
ELECTION COMMISSION SETS UP ‘SANGWARI’ POLLING BOOTHS IN

CHHATTISGARH
• The Election Commission has set up ‘Sangwari’ polling booths in various constituencies of
Chhattisgarh to encourage women voters to exercise their franchise in the Assembly
elections.
• In Chhattisgarhi dialect, ‘Sangwari’ means friend. These women friendly booths will be
manned by all-female staff including presiding officers, supervisors and security personnel.
• Chhattisgarh has about One crore 85 lakh electorates. Out of this, more than 92 lakh are
females.
• The state has 90 constituencies and assembly elections are scheduled to be held in two
phases on November 12th and 20th.
PERSON IN NEWS
S S DESWAL APPOINTED AS DG OF ITBP
• The Appointments Committee of the

Cabinet (ACC) has appointed senior IPS
officer S S Deswal as Director General of
Indo-Tibetan Border Police (ITBP).
• He will succeed R K Pachnanda, who
superannuated from office and shall be in
office for period up to his superannuation
on August 31, 2021.
• Deswal is 1984 batch IPS officer of Haryana
cadre. Prior to this appointment, he was
Director General of Sashastra Seema Bal
(SSB).
ITBP
ITBP is one of five Central Armed Police Forces of India. It was raised on 24 October 1962, under CRPF
Act, in wake of 1962 Indo China War. It works under command of Union Home Ministry. It is
headquartered in New Delhi. Its motto is Shaurya – Dridhata – Karm Nishtha. . It primarily guards the
3,488 km long Indo-China border along Tibet Autonomous Region from Karokoram Pass in Ladakh to
Kachep La in Arunachal Pradesh.
ANUPAM KHER RESIGNS AS

CHAIRMAN OF FTII
• Anupam Kher resigned from his post as

a chairman of Film and Television
Institute of India Society (FTII) on
31st Oct.
• FTII is an autonomous body under
Ministry of Information and
Broadcasting (I&B)
• Kher is the first chairperson of the film institute to resign before the completion of his term
— his tenure is also the shortest since FTII’s formation in 1974.
AWARDS
NAMRATA BIJI AHUJA WINS

INTERNATIONAL PRESS
INSTITUTE-INDIA AWARD
• The prestigious IPI India Award

for Excellence in Journalism 2018
has been given to Namrata Biji
Ahuja of THE WEEK magazine this
year.
• She received the award for her
exclusive story on Naga
underground camps, providing
information on the parallel and secret Naga state functioning with all ministries inside
Nagaland, interviews and first personal accounts of Naga "ministers" and officials.
• The award comprises a cash prize of Rs 2 lakh, a trophy and a citation.
INTERNATIONAL PRESS INSTITUTE

Founded 69 years ago in New York by a group of editors from 15 countries, the Vienna-based IPI is
committed to the furtherance of the freedom of press and promotion of free exchange of accurate
and balanced news among nations.
VETERAN JOURNALIST N. RAM

CHOSEN FOR RAJA RAM MOHAN ROY
AWARD
• N Ram, the veteran journalist and the Hindu

Group of Publications Chairman, on November 5,
2018 was chosen for the prestigious Raja Ram
Mohan Roy Award.
• The award is presented by the Press Council of
India (PCI) for outstanding contribution towards
journalism on November 16 every year on the
occasion of the National Press Day.
• The PCI also announced other winners of the
National Awards for Excellence in Journalism
2018. These are:
o Rural Journalism category: Ruby Sarkar, Chief Correspondent, Deshbandhu, Bhopal,
and Rajesh Parshuram Joshte, Daily Pudhari, Ratnagiri.
o Developmental Reporting: VS Rajesh, Deputy Editor, KERALA KAUMUDHI.
DEFENCE & SECURITY
INDIAN NAVY INDUCTS DEEP SUBMERGENCE RESCUE VESSEL

CAPABILITY
• The Indian Navy inducted a Submarine Rescue System with a Deep Submergence Rescue
Vessel (DSRV) along with associated equipment.
• The system has a side scan sonar for locating the position of the submarine in distress at sea.
• The Indian DSRV has the capability to rescue personnel from a distressed submarine
(DISSUB) up to a depth of 650 m.
• It has been designed and supplied to meet unique requirements of our submarines by M/s
James Fishes Defence, UK.
OFFSHORE PATROL VESSEL ICGS

VARAHA LAUNCHED
• The Indian Coast Guard has launched a

new offshore patrol vessel called ICGS
Varaha from a corporate shipyard near
Chennai.
• This is the third in a series of seven
similar ships to be handed over to the
Coast Guard. The timeline for the
delivery of all the vessels is March 2021.
• ICGS Varaha will soon be fitted with
advanced navigation and
communication equipment, sensors and
machineries. The weapons will include a 30 mm guns with Fire Control Systems.
INS ARIHANT CREW FELICITATED ON COMPLETION OF NUCLEAR

TRIAD
• Prime Minister Narendra

Modi received on November
5, 2018, the crew of
Strategic Strike Nuclear
Submarine (SSBN) INS
Arihant.
• The submarine recently
returned from its first
deterrence patrol, completing the establishment of the country's survivable nuclear triad.
QUESTIONS FOR PRACTICE

1. Whose autobiography is the ‘281 and Beyond’?
a) V V S Laxman
b) Virender Sehwag
c) Rohit Sharma
d) Virat Kohli
Explanation: The former Indian cricketer V V S Laxman released the paper cover of his
forthcoming autobiography titled ‘281 and Beyond’. The book has been written by well-known
correspondent R Kaushik and is named around his epic knock of 281 at Eden Gardens in the 2001
Test match against Australia.
2. Which state government approved a proposal to convert decommissioned carrier INS Viraat
into a floating museum?
a) Gujarat
b) Goa
c) Maharashtra
d) Andhra Pradesh
Explanation: The Maharashtra state cabinet approved the proposal to convert Indian Navy’s
longest-serving aircraft carrier, INS Viraat, into India’s first-ever moored maritime museum-cum-
marine adventure centre. Once converted, it will be only the eighth aircraft carriers in the world
to have been converted into museums, theme parks and luxury hotels.
3. Which country’s cabinet approved a bill to accept foreign workers in sectors facing labour
shortages?
a) Germany
b) USA
c) South Korea
d) Japan
Explanation: Japan's cabinet approved a draft bill to bring more blue-collar foreign workers into
the country, in a controversial move to address chronic labour shortages. The draft bill allows
foreign nationals with skills in sectors facing particularly severe shortages to obtain five-year
visas, which would not allow them to bring their families.
4. Which is the partner country at Videocittà 2018 in the Rome Film Festival?
a) USA
b) India
c) France
d) Bhutan
ONE LINERS OF THE MONTH
NATIONAL
• The Defence Acquisition Council (DAC) • The first state to launch pan-India
accorded approval for procurement of single emergency number ‘112’ under
this indigenous Missile for two Indian Emergency Response Support System
Navy ships to be built in Russia - (ERSS) - Himachal Pradesh.
BrahMos. • ISRO launched India’s own earth
• The first amongst the North-Eastern observation satellite on November 29,
States in India to launch Pan-India named - HysIS (Hyperspectral Imaging
single emergency number ‘112’ under Scientite).
'Emergency Response Support System • Head of the Consortium of Academic
(ERSS)' – Nagaland. and Research Ethics (CARE) of
• A Pan-India single number-based University Grants Commission (UGC) -
emergency services which will connect UGC Vice Chairman (Presently
to Police, Fire, Health and other Bhushan Patwardhan).
helplines through an Emergency • On November 26, The National
Response Centre - 112. Festival for Children of Child Care
• India’s first international indigenous Institutions (CCIs) was inaugurated in
film festival will take place in February New Delhi - Hausla 2018.
2019 in - Odisha. • Till date, India has made Double
• Till November-18, total 15 States in the Taxation Avoidance Agreement
country now have 100 % household (DTAA) with - 88 countries.
electrification under - • The 10th Indo-Russian joint military
Saubhagya (Prime Minister Sahaj exercise ‘EX INDRA 2018’ concluded in
Bijali Har Ghar scheme). - Uttar Pradesh (at Babina).
• For those violating the norms, FSSAI’s • Focus country of the 49th
‘Food Safety and Standards (claims & International Film Festival of India
advertisement) Regulations-2018’ will (IFFI) – Israel.
have penalty provision with a fine of • Focus state of the International Film
up to - Rs 10 lakh. Festival of India (IFFI 2018) –
• Theme of 49th International Film Jharkhand.
Festival of India (IFFI) - Spread the Joy • To provide a boost to the Intellectual
of Cinema. Property Right (IPR) culture in
• Winner of Golden Peacock Award at indigenous defence industry, The
the 49th International Film Festival of Department of Defence Production
India (IFFI) – ‘Donbass’ (directed by has instituted a new framework titled -
Sergei Loznitsa, Ukraine). Mission Raksha Gyan Shakti.
• Winner of the ICFT-UNESCO Gandhi • The Indian government has allowed
Medal at IFFI 2018 - 'Walking with the the state-run oil marketing companies
Wind' (directed by Praveen to open nearly this many new fuel
Morchhale). pumps across the country - 56,000.

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CURRENT AFFAIRS NOVEMBER 2018

Defence & Security ................................................................................................. 14

TOPICS OF THE MONTH

INDIA RANKED 77 IN WORLD BANK’S DOING BUSINESS REPORT

The World Bank released its annual report

This year report ranks 190 economies based

The top ranked economy in Ease of Doing

HOW INDIA HAS IMPROVED ITS RANKING?

RAJASTHAN LAB COMES UP WITH E-CRACKERS

• Scientists at the Central

• The Maharashtra state cabinet

"SCO JOINT EXERCISE ON URBAN EARTHQUAKE SEARCH & RESCUE -

• India on 1 Nov began a

JAPAN CABINET APPROVES BILL TO ACCEPT FOREIGN WORKERS

ECONOMY & BANKING

AGARWAL COMMITTEE ON REGULATING AUDIT FIRMS AND

• The Committee of Experts

PM MODI LAUNCHES SUPPORT, OUTREACH PROGRAMME FOR

SCIENCE & ENVIRONMENT

NASA’S KEPLER SPACE TELESCOPE TO RETIRE

• NASA has announced

INDIA AMONG NATIONS THAT FACE GRAVE DANGER TO SOIL

• According to World Wide Fund;

QATAR TO HOST WORLD CORPORATE GAMES 2019

INDIA CLINCHES PAYTM

• India has won the PayTM ODI series

BANGLADESH WINS SAFF U-15 CHAMPIONSHIP

BAJWA SHOOTS HISTORIC

• In the 8th Asian Shotgun Championship

JHARSUGUDA AIRPORT RENAMED AS “VEER SURENDRA SAI

ODISHA GOVERNMENT LAUNCHES SAURA JALNIDHI SCHEME

ELECTION COMMISSION SETS UP ‘SANGWARI’ POLLING BOOTHS IN

S S DESWAL APPOINTED AS DG OF ITBP

• The Appointments Committee of the

ANUPAM KHER RESIGNS AS

• Anupam Kher resigned from his post as

NAMRATA BIJI AHUJA WINS

• The prestigious IPI India Award

INTERNATIONAL PRESS INSTITUTE

VETERAN JOURNALIST N. RAM

• N Ram, the veteran journalist and the Hindu

DEFENCE & SECURITY

INDIAN NAVY INDUCTS DEEP SUBMERGENCE RESCUE VESSEL

OFFSHORE PATROL VESSEL ICGS

• The Indian Coast Guard has launched a

INS ARIHANT CREW FELICITATED ON COMPLETION OF NUCLEAR

• Prime Minister Narendra

QUESTIONS FOR PRACTICE

ONE LINERS OF THE MONTH

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