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8th November 2017 Current Affairs from The Hindu

Kunal Sir, Published On:08-Nov-2017

          CURRENT AFFAIRS: 08.11.2017


1. Former PM Manmohan says- 8 November was a black day


·        Previous year Demonetization was announced on 8 November, 2016 by PM Narendra Modi.

·        Former PM Manmohan Singh elucidates, 8 November, was a black day for economy and democracy.

·        According to him, the twin blow of demonetization and implementation of the GST (Goods and Services Tax) were unfavorable for the economy and broke the back of businesses.



Ø It is an economic policy which refers to stripping a currency unit of its status as legal tender.

Ø In other words, a currency unit still loses its legal tender as a new one comes into circulation.

Ø It occurs whenever there is a change of national currency.

Ø Remonetization- the opposite of demonetization is remonetization, in which a form of payment is restored as legal tender.

Ø Government of India announced the demonetization/Notebandi on 8 November 2016 of all rupees 500 and rupees 1000 banknotes of Mahatma Gandhi Series.

     Why Countries demonetize their local units of   currency-


Ø To combat/control corruption and crime (counterfeiting, tax evasion).

Ø To combat/control Inflation.

Ø To discourage a cash dependent economy

Ø To facilitate trade

Source: The Hindu


2.    The newly discovered banana (Musa paramjitiana) in Andaman and Nicobar Islands


·        The newly discovered banana species was found in Andaman and Nicobar Islands (in north Andaman’s Krishnapuri forest).

·        Andaman and Nicobar Island are biodiversity hotspot and it hosts 7 different species of wild banana.

·        This newly discovery published in the Nordic Journal of Botany.

·        It is a species of wild banana which name is Musa paramjitiana. (In honour of Paramjit Singh, director of Botanical Survey of India).

·        In 2014, Paramjit singh was discovered another wild banana species in Andaman, which name is- Musa indandamanensis(it has dark green cylindrical flower buds)

·        This species (Musa paramjitiana) of banana should be considered as Critically Endangered, based on IUCN red list norms.


·        Its plant grows to a height of 9 meters and bears an edible, sweet and sour tasting fruit, that is boat shaped and has numerous bulb shaped seeds.

·        Its fruit is diet of local tribe.

·        Its fruits and seeds have enthno- medicinal importance.

·        Its pseudo stem and leaves of these species are also used during religious and cultural ceremonies.

·        These newly discoveries present a great opportunities for plant and horticulture experts to improve the existing banana crop.

·        Also the germplasm of all wild banana species need to be conserved on an urgent basis , most of these are found in very small habitats and at risk of extinction.


     Botanical Survey of India (BSI)

·        Established- 1890

·        Headquarters- Kolkata

·        Director- Dr. Paramjit Singh


Andaman and Nicobar Islands


·        It is one of the seven Union Territories of India.

·        It is a biodiversity hotspot

·        It is north of aceh in Indonesia.

·        It is separated from Thailand and Myanmar by Andaman Sea.

·        Andaman Islands and Nicobar Islands are separated by 10 degree N parallel channel.

·        Established- 1 November 1956

·        Capital- Port Blair

·        Lieutenant Governor- Devendra Kumar Joshi

Source: The Hindu


3.    New ant species found in the Western Ghats


·        New species of ant have discovered in the Western Ghats.

·        This species had found in the Periyar Tiger Reserve.

·        It has published in journal zootaxa by researchers.

·        This species belong to Tyrannomyrex, a rare tropical genus of ants.

·        Tyrannomyrmex is a rare myrmicine ant genus that is distributed in the Indomalayan bioregion that extends from southern India and Srilanka to south East Asia.

Source: The Hindu



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