Current Affairs: November 3, 2018

Here are the main headlines for current Events of November 3, 2018.

National Current Events
Justices Hemant Gupta, R. Subhash Reddy, Mukesh Kumar Rasikbhai Shah and Ajay Rastogi sworn in as judges of the Supreme Court

The president accepted Supreme Court’s collegium recommendations of justices Hemant Gupta, R Subhash Reddy, M R Shah and Ajay Rastogi. Strength of collegium is 28 now.
Maharashtra govt. to convert decommissioned aircraft carrier INS Viraat into a floating museum

Indian Navy’s longest-serving aircraft carrier, INS Viraat, will be converted into India’s first-ever moored maritime museum-cum-marine adventure centre.

The ship is the world’s oldest aircraft carrier in the Indian Navy, commissioned in 1986.
Economy & Corporate Current Events
Foreign exchange reserves decline by $1.444 billion to $392.078 billion in the week to October 26

The country’s foreign exchange reserves declined by $1.444 billion to $392.078 billion in the week to due to a fall in foreign currency assets.
PM announces sops for MSME sector including approval for loans up to Rs 1 crore within 59 minutes with 2% interest subvention and mandatory 25% procurement from MSMEs by CPSEs

GST-registered small and medium enterprises (MSMEs) can now avail of loan of up to Rs 1 crores in 59 minutes  and will get 2 per cent interest subvention or rebate on incremental loan of up to Rs 1 crore.
Govt. promulgates an ordinance to amend the Companies Act, 2013

The government received assent by President to promulgated an ordinance to amend the Companies Act, 2013.

Amendments includes restructuring of corporate offences under the companies law and an in-house adjudication mechanism to ensure that courts get more time to deal with serious violations.
World Current Events

International Day to End Impunity for Crimes against Journalists observed on November 2

UN-recognized, The International Day to End Impunity for Crimes against Journalists is observed annually on 2 November.

The day draws attention to the low global conviction rate for violent crimes against journalists and media workers, estimated at only one in every ten cases.
189 members of UN General Assembly vote to urge the US to end the economic embargo against Cuba

US economic embargo on Cuba effected after rejecting proposed US amendments criticising the communist nation on its human rights record.

During 27th annual General Assembly meeting, with only the US and Israel voting against.189 countries voted in favour of the resolution.

NASA’s 11-year old Dawn mission to asteroid belt comes to end

Dawn mission was exploring the two largest bodies in the main asteroid belt, Vesta and Ceres

Sports Current Events

‘Ekamra Sports Literary Festival’ organised by Odisha govt. in Bhubaneswar on November 2-3

With an aim to develop a sports culture and to create an atmosphere of sports ahead of the Men’s Hockey Works cup, Odisha government is hosting Asia’s first international sports literary meet- Ekamra Sports Literary Festival 2018 in Bhubaneswar from November 2.

It will throw light on various aspects of the lives of sports persons for their fans. Sports writers and journalists will discuss on many burning issues and aspects of sports world during the two day event.


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