Current Affairs: November 9, 2018

Here are the main current events of November 9, 2018.

National Current Events

Contents

Union Cabinet approves approved setting up of a Central Tribal University in Vizianagaram district of Andhra Pradesh

‘Central Tribal University’ will be set up in Andhra Pradesh under the Thirteenth Schedule to the Andhra Pradesh Reorganisation Act, 2014 and amendments in Central Universities Act.

J&K: Former bureaucrat Kewal Krishan Sharma assumes office as 4th advisor to Governor Satya Pal Malik

Kewal Krishan Sharma appointed as 4th advisor of J&K Governor Satya Pal Malik. He is former chief secretary of Delhi and Goa.

Lottery falls within the purview of betting and gambling: Bombay High Court

Lottery comes under betting and gambling charges and set up actions against Maharashtra government’s act which levies tax on sale of lottery tickets in the state.

Economy & Corporate Current Events
Govt approves mechanism for sale of enemy shares worth Rs 3,000 crore; these shares being held by Custodian of Enemy Property of India (CEPI)

According to the Enemy Property Act, 1968, procedure to sell enemy shares worth more than Rs 3,000 crore had been set up. It will be deposited as disinvestment in the Government Account.

Cabinet approves leasing out six airports of AAI for operation, management and development under Public Private Partnership (PPP)

Government will lease out airports at Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru under Public Private Partnership for enhancing its revenues and focusing on developing airports and air navigation infrastructure in the rest of the country.

Cabinet approves strategic disinvestment of 100% Govt. of India’s  equity in the Dredging Corporation of India Ltd. (DCIL)

Presently the Government of India holds 73.44% shares in DCIL. Now, govt. will disinvest 100% shares in DCIL to consortium of four ports, Vishakhapatnam Port Trust, Paradeep Port Trust, Jawahar Lal Nehru Port Trust and Kandla Port Trust.

 

Defence Ministry enhances financial powers of Vice Chiefs of the three Services in order to expedite the decision making

The Vice Chiefs will exercise financial powers of 500 crore rupees augment the arms and ammunition reserves of the Armed Forces to enhance their operational preparedness.

Cabinet approves signing of a pact with Italy for facilitating customised training programmes on labour and employment

Memorandum of Understanding signed between India and Italy to facilitate expansion of the training and education activities to promote decent work through conducting joint training programmes on training methodologies and techniques and developing new training modules for different social partners.

Indian economy to grow 7.4% in 2018 and 7.3% in 2019: Moody’s Investors Service

Moody’s ‘Global Macro Outlook 2019-20’ predicted economy slow down to 7.3% due to increased borrowing interest rates.

India overtakes the US to become 2nd largest smartphone market behind China in July-September 2018 quarter: Canalys

India stood 2nd after China in smartphone market leaving behind US. Indonesia, Russia and Germany also showed the growth.

World Current Events
US grants Iraq sanctions waiver to keep importing electricity from neighbouring Iran

US granted Iraq a waiver to allow it to continue to pay for its electricity imports from Iran despite of sanctions over Iran.

Australia to offer Pacific countries up to $2.18 billion in grants and cheap loans to build infrastructure to counter China’s rising influence in the region

Australia offers Pacific countries up to A$3 billion in grants and cheap loans to build infrastructure as to counter China’s rising influence in the region.

Taiwan commissions two Perry-class guided missile frigates acquired from US

The Republic of China (Taiwan) Navy will commission two Perry-class guided missile frigates from the United Stateswhich will ensure better anti-submarine capabilities than the Navy’s existing eight Chengkung-class frigates.

Sports Current Events
Manpreet Singh to lead India’s 18-member hockey squad for the FIH World Cup beginning in Bhubaneswar on Nov 28

Hockey World Cup 2018 will be held at Bhubaneswar, odhisa. Manpreet Singh will lead India’s 18-member hockey squad for the FIH World Cup beginning in Bhubaneswar.

Asian Airgun Championship in Kuwait City: Saurabh Chaudhary wins gold in 10m Air Pistol Junior Men’s event

Saurabh won the gold medal at the 10m air pistol junior men’s event of the Asian Airgun Championship, Asian Games, World Shooting Championships and the Youth Olympic Games.

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