Weekly Current Affairs November 2017: PDF

Banking and Financial Awareness

  • 23rd GST Council meeting was held in Guwahati, Assam in which the council decided to slash tax rate on a wide range of mass use items
  • The Reserve Bank of India (RBI) has simplified the Foreign Exchange Management Regulations, to encourage investments.
  • Bank of China has formally started its operations in Pakistan. The first branch was opened at Karachi.
  • The government has doubled the import duty on wheat to 20 percent.
  • The government of India has formed a panel of experts, led by M Vinod Kumar to review the laws governing goods and services tax.
  • HDFC bank has announced to make online transactions through RTGS and NEFT free of cost from November 1, 2017.
  • After 7th Pay Commission, the Home Loan limit for central government employees has been raised from Rs.7.5 Lakh to Rs.25 Lakh.
  • RBI released new outsourcing norms for NBFCs that they cannot outsource Core management functions.
  • Federal Bank got a grant from RBI to open branches in Kuwait and Singapore.
  • IDFC Bank has partnered with mobile wallet Mobikwik for launching a prepaid card.
  • Digital Payment company PayPal launched domestic operations in India.
  • ICICI launched India’s first Voice based International Remittance Service by partnering with Tech Giant Apple.

Appointments

  • Securities and Exchange Board of India (SEBI) has appointed Sanjeev Kaushik a whole-time member of the board.
  • Hasmukh Adhia, Revenue Secretary has been named as the new Finance Secretary.

Obituaries

  • Famous Author and Padma Shri awardee Manu Sharma passed away.
  • A. G. Milkha Singh, Veteran Indian cricketer passed away.

Honour and Awards

  • Thumri Queen late Girija Devi will be honoured with the prestigious Sumitra Charat Ram Award for Lifetime Achievement, posthumously.
  • CMC Skills’ Founder Ms. Maya Swaminathan Sinha was conferred with the 'Entrepreneur of the Year Award 2017' by ASSOCHAM.
  • Veteran actor Mohan Joshi was conferred with the prestigious Vishnudas Bhave award 2017.
  • UNHCR, United Nations High Commissioner for Refugees is to be conferred with Mother Teresa Memorial Award 2017.
  • Apollo Munich Health Insurance wins “General Insurance company of the year” 2017.
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