 The UN’s environment chief, Erik Solheim, has resigned following severe criticism of his global travels and internal rule-breaking which led some nations to withhold their funding. The former environment minister of Norway had been at the helm of the Nairobi-based UN Environment since June 2016. Solheim’s resignation comes ahead of crucial talks opening in Poland on December 2 on implementing the Paris climate deal. |
| Source: BBC News |
 R. Chandrashekhar, an independent director at Yes Bank Ltd resigned saying he was concerned about recent events at the company. Notably, Yes Bank has been ordered by India’s central bank to replace its chief executive officer, Rana Kapoor. |
| Source- The Economic Times |
 Young golfer Shubhankar Sharma capped a dream season on the European Tour by becoming the first Indian to win the tour’s ‘Sir Henry Cotton Rookie of the Year’ award. Sharma achieved the feat soon after finishing tied 41st at the season-ending World Tour Championship event in Dubai. The Chandigarh-based golfer thus joined previous Rookies of the Year, Spaniard Jon Rahm and Korean Jeunghun Wang, as well as former World No.1 Luke Donald of England, as the only players in the last 20 years to win twice in their first 20 events. |
| Source- The India Golf Digest |
 The Kerala state government had signed an MoU with Airbus BizLab to open a state-of-the-art innovation center. This center will be the nodal body for planning and executing all the activities to help start-ups. The MoU was inked between Airbus Bizlab India’s Siddharth Balachandran and Saji Gopinath, CEO of the Kerala Startup Mission (KSUM), in the presence of Chief Minister Pinarayi Vijayan. Bizlab is a part of Airbus’ innovative strategy to bring together start-ups and Airbus intrapreneurs to work and speed up the transformation of their innovative ideas into valuable businesses. |
| Source- The Indian Express |
 The Oscar-winning screenwriter and best-selling author William Goldman, known for “Butch Cassidy and the Sundance Kid” and “All The President’s Men”, passes away. He was 87. Goldman also wrote the novels and then the screenplays for Marathon Man (1976), Magic (1978) and the much-loved The Princess Bride (1987). The cause of death was complications from colon cancer and pneumonia. |
| Source- The Guardian |
 The Maldives cabinet has approved to rejoin the Commonwealth, two years after withdrawing from the 53-nation grouping. The announcement was made by New President of Maldives Ibrahim Mohamed Solih. Now, the proposal will be sent to Parliament for ratification. The country left the Commonwealth during former President Abdulla Yameen’s administration in October 2016, amid mounting pressure over corruption and deteriorating human rights. |
| Source- AIR World Service |
 India’s top junior shuttler Lakshya Sen (17 years old) won bronze medal at Li Ning BWF World Junior Badminton Championships 2018 held at Markham, Canada. In singles semi-final match, he lost to top seed and world junior number one Kunlavut Vitidsarn of Thailand. This was Sen’s first medal from this prestigious tournament in three attempts. |
| Source- The Indian Express |
 The Government of India, the Government of Jharkhand and the World Banksigned in New Delhi a $310 million Loan Agreement for Jharkhand Power System Improvement Project to provide reliable, quality, and affordable 24×7 electricity to the citizens of Jharkhand. The Jharkhand Power System Improvement Project will help build new power transmission infrastructure, as well as put in place systems to improve the technical efficiency and commercial performance of the state power sector utilities. The $310 Million Loan from the International Bank for Reconstruction and Development (IBRD), has a 5-year grace period, and a final maturity of 25 years. |
| Source- Press Information Bureau (PIB) |
 The RBI board decided to set up a high-powered committee to examine issues related to the surplus capital of Rs 9.69 lakh crore with the central bank and advised it to consider a scheme for restructuring stressed assets in the MSME sector. At the crucial meeting of the board in Mumbai, it was also decided that the Board for Financial Supervision (BFS) of the RBI would examine the issues concerning the banks health under Prompt Corrective Action (PCA) framework and the Economic Capital Framework – ECF of RBI. The Reserve Bank and the Finance Ministry will decide the committee’s composition. |
| Source- AIR World Service |
 SBICAP Ventures (SVL), an alternative asset manager and a wholly owned subsidiary of SBI Capital Markets, has launched two funds for the small and medium enterprises (SMEs) and affordable housing sectors. The SME fund is expecting to raise a corpus of Rs 400 crore, while the affordable housing fund would look at raising Rs 350 crore. Before this, SBICAP Ventures had launched a fund named Neev Fund in 2015 with a focus on the low-income states for small infrastructure projects. |
| Source: The Economic Times |
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