Daily GK Update 27th November 2015 Important Current Affairs

1. Rajiv Bansal appointed as CFO of OlaCabs
i. Homegrown app-based cab operator OlaCabs has appointed Rajiv Bansal as Chief Financial Officer (CFO) as part of its expansion drive in the country.
ii. He will succeed Mitesh Shah who will henceforth lead strategic finance initiatives of Ola as part of Rajiv’s team. Prior to this appointment, Mr. Bansal had worked with country’s second largest software services firm Infosys as CFO but had resigned in October 2015.
iii. Presently, he is serving as Advisor to the CEO at Infosys. Mr. Bansal has 21 years of rich corporate experience in finance of which for 16 years he was associated with Infosys. Before joining Infosys, he had worked in different capacities at Tata Technologies, Cable & Wireless, and ABB.

2. Bihar Government bans sale of liquor from 1st April 2016
i. Bihar Government has banned sale of liquor in the state from 1st April 2016. This decision would make Bihar 6th dry state/UT in the country.
ii. It was announced by Chief Minister Nitish Kumar on the occasion of liquor prohibition day. This decision was taken in lines pledge made Mr. Kumar during the 2015 assembly elections to ban liquor if voted to power again.
Iii. To implement the ban state government officials of the excise department are working on new liquor policy as ruling government does not want a parallel alcohol economy in the state.
iv. Presently, liquor consumption is prohibited in the states of Gujarat (1958), Nagaland (1989), Manipur (1991) and Kerala (2014) and Union Territory of Lakshadweep.

3. Australia, New Zealand create history by playing first day-night Test
i. ustralia and New Zealand have created history by playing first day-night Test match at the Adelaide Oval Cricket Stadium with a pink Kookaburra ball. The first day-night test match was the third match of the series between Australia and New Zealand played for 2015 Trans-Tasman Trophy. 
ii. This Test match numbered 2188 has a five-day limit and six-ball overs bowled with bright pink Kookaburra ball to ensure proper visibility in floodlights. This match is being played as per recommendations of the MCC World Cricket Committee to keep the test cricket alive.
iii. Background: The idea of playing day-night test matches par with One Day Internationals (ODIs) was mooted by Cricket Australia chief executive James Sutherland. It was approved by International Cricket Council (ICC), an apex body for regulating cricket in July 2015.

4. Delhi Government introduced Working Journalists (Delhi Amendment) Bill, 2015
i. Delhi Government on 26 November 2015 introduced Working Journalists and Other Newspaper Employees (Conditions of Service) and Miscellaneous Provisions (Delhi Amendment) Bill, 2015 in Delhi Assembly.
ii. The bill’s proposed amendments envisage imprisonment of up to one year and penalty extending to ten thousand rupees for any violations among others.
iii. The bill was tabled in the Assembly by state’s Labour Minister Gopal Rai. It seeks to address the shortcomings which are coming in the way of implementations of several recommendations of the Majithia Wage Board for journalists and non-journalists in Delhi.

5. RBI permitted Foreign Portfolio Investors to buy Defaulted Bonds
i. The Reserve Bank of India (RBI) on 26 November 2015 permitted the Foreign Portfolio Investors (FPI) to buy fully or partly defaulted bonds in the repayment of principal on maturity or principal installment in the case of amortising bond.
ii. he permission was given as part of the drive to promote investments by FPIs in corporate bonds.
iii. The revised maturity period of such NCDs/bonds that are restructured based on negotiations with the issuing Indian company should be three years or more.
iv. The FPI that proposes to acquire such NCDs/bonds under default should disclose to the Debenture Trustees the terms of their offer to the existing debenture holders from whom they are acquiring.
v. uch investment should be within the overall limit prescribed for corporate debt from time to time (currently 2443.23 billion rupees).
vi. The RBI granted the permission to the FPIs under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.

6. World Robot Olympiad, 2015 held in Doha; 2016 session to be held in Delhi
i. World Robot Olympiad (WRO), 2015 was held in Doha, Qatar from 6 November to 8 November 2015.
iii. The 2015 session of the event was held with theme Robot Explorers. The event saw participation of students from more than 55 countries.
iii. This is the first time in the history of WRO that Indian students were able to win three medals (1Gold & 2 Silver) and one position (Eighth)
iv. Winners in Elementary category (India)
a) Storm Divers from Ahmadabad won first rank. Participants included Aaman Shah, Aarav Savla and Shaurya Goenka.
b) Thunder Divers from Ahmadabad won second rank. Participants included Vir Gandhi, Ishan Patel and Param Adani.
Winners from Open category (India)
• Shadow Bots from Delhi won second rank. Participants included Jayant Sharma, Aman Thakur and Rohan Verma.
• Path Finders from Delhi won eighth rank. Participants included Dhariya Gupta, Ishaan Saini and Laxman Prasad.


Post a Comment