Current Affairs: 2 November 2016

SEBI tightens norms for credit rating agencies

  • SEBI) has tightened disclosure norms for Indian credit rating agencies to boost transparency and accountability. 
  •  Rating agencies will have to publicly provide details of the criteria and process behind rating changes. 
  • The new guidelines should be implemented within the next 60 days.

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China unveils J-20 stealth jet fighters

  • China on Tuesday unveiled its J-20 stealth fighter jets at 'Airshow China'. 
  • The radar-evading jets did a 60-second flypast . 
  • It is seen as "a big step forward in Chinese combat capability"

No multiple-choice questions in XII board exam

  • HRD Ministry panel setup for recommending a common paper pattern for class XII across all boards has suggested removing multiple-choice questions. 
  • It is also recommended to keep the theory and practical weightage at 70:30

State Bank of India cuts home loans to lowest in 6years

  • State Bank of India (SBI) has cut home loan rates to a 9.1% -the lowest in six years -as part of a festive scheme.
  • Home loans for women (or loans with women as co-borrowers) will be available for 20bps above the benchmark rate, which translates into 9.1%.

Three Malayalam films in IFFI Panorama

  • Three feature films from Malayalam have been selected for the Indian Panorama at the 47th International Film Festival of India (IFFI) to be held in Goa in November. 
  • Roopantharam directed by M.B. Padmakumar, Kaadu Pookkunna Neram directed by Dr. Biju, andVeeram by Jayaraj are the Malayalam films in the list.

Fourth Women’s Asian Champions Trophy Hockey

  • The Indian women’s team registered a 2-0 win over Malaysia in its third pool match of the fourth women’s Asian Champions Trophy hockey.
  • India remained at the top of the table, above Korea, China, Japan, and Malaysia, with seven points

Manufacturing PMI at 22-month high

  • The Manufacturing Purchasing Managers’ Index, compiled by Nikkei and Markit, reported a value of 54.4 in October, up from 52.1 in September. 
  • India’s factory activity rose for the tenth consecutive month to a 22-month high in October. A value of more than 50 shows expans

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