Current Affairs

  The third round of Foreign Office Consultations between India and Botswana was held in New Delhi. The Indian side was led by Joint Secretary, East and Southern Africa in the Ministry of External Affairs Dr. Neena Malhotra. The Botswana side was headed by Deputy Permanent Secretary in the Ministry of International Affairs and Cooperation of Botswana Government, Tapiwa Mongwa. The deliberations provided an opportunity to review the entire gamut of bilateral relations, including political, economic, commercial, defence, consular and international cooperation.
Source- News on AIR

  The Indian Coast Guard ship (ICGS) Vigraha was decommissioned at Visakhapatnam, Andhra Pradesh. It is a frontline offshore patrol vessel (OPV). It was commissioned into service on April 12, 1990. It has played an instrumental role in protecting the east coast of India for 29 years of service from 1990 to 2019.
Source- Business Standard

  The Indian Navy has successfully test-fired a Medium Range Surface to Air Missile (MRSAM), achieving a significant milestone to enhance its anti-air warfare capability. The test-firing of the missile was undertaken on the western seaboard by Indian naval ships Kochi and Chennai.
Source- The Economic Times

  Commandos of the premier counter-terror force National Security Guard (NSG) created history as they scaled the Mount Everest (world’s highest peak) in their maiden attempt.  A seven-member team of NSG, led by Lt Col J P Kumar, successfully unfurled the Indian flag at the 8,848-metre tall peak. This is the first expedition of the NSG to the Mount Everest and the force has been preparing for it since 2017.
Source- The Hindu

  Leading stock exchange BSE has launched ‘BSE StAR MF’ app to enable more participation and help mutual fund distributors process transactions faster. As per the BSE, this mobile app supports real-time client registration and paperless transactions, creates and uploads mandate for SIPs, generates the basket of multiple orders, tracks and allows the distributor to analyse his business at his fingertips.
Source: The Hindu Business Lines

  US President Donald Trump has rolled out a merit-based immigration system from which foreigners, including hundreds and thousands of Indian professionals and skilled workers, waiting to get Green Cards or permanent legal residency stand to benefit. He made the announcement in his Rose Garden speech. As per the proposed system, permanent legal residency would be given based on points for their age, knowledge, job opportunities and civic sense. The proposals significantly increase the quota for skilled workers from the existing nearly 12% to 57%.
Source- AIR World Service

  The Saudi government has approved for the first time a scheme that gives permanent residency to certain expatriates, allowing them to own real estate in the kingdom and reside with their families without a Saudi sponsor. The “Privileged Iqama” system will offer a permanent residence scheme and one that can be renewed annually to highly skilled expatriates and owners of capital funds.
Source: Livemint

  Ujjivan Small Finance Bank Limited has appointed Nitin Chugh as its next Managing Director and Chief Executive Officer (CEO) from December 1, 2019. Bank’s current MD and CEO, Samit Ghosh is retiring on November 30, 2019. The bank has received the approval of its application for Chugh’s appointment, from the Reserve Bank of India (RBI).
Source: The Hindu Business Lines

  Jeffrey Rosen was confirmed as the United States’ latest deputy attorney general by the US Senate after his predecessor, Rod Rosenstein, left the department. Rosenstein oversaw Special Counsel Robert Mueller’s investigations into Russian collusion in the 2016 Presidential elections, before stepping down from his post in April.
Source- Business Standard

  IBM India has tied-up with HDFC ERGO General Insurance Company, India’s third-largest non-life insurance provider in the private sector, to co-create new Artificial Intelligence (AI)-based solutions. Leveraging IBM Garage that uses data-driven insights to develop end-to-end strategies and solutions for business transformation, teams from HDFC ERGO and IBM Services will work together to develop and test new solutions.
Source: Livemint


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