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Current affairs of 16th November

Neelakshi Das, Published On:16-Nov-2018


Current affairs

1. Himachal Pradesh Chief Minister Jai Ram Thakur flagged off a “Startup Yatra”.

  • The programme was aimed at turning the State's educated youth into job providers from jobseekers. The State government would provide all possible help to the youth to develop entrepreneurship under the scheme.


2. PM Modi called for enhancing multilateral cooperation and economic and cultural ties among member ­nations at the 13th East Asia Summit in Singapore

  • It was Prime Minister Modi’s 5th East Asia Summit (EAS).
  • India has been participating in the EAS since its very inception in 2005
  • The EAS consists of 10 ASEAN nations (Indonesia, Thailand, Singapore, Malaysia, the Philippines, Vietnam, Myanmar, Cambodia, Brunei and Laos), Australia, China, India, Japan, New Zealand, South Korea, Russia and the U.S.


3. South Africa’s President Cyril Ramaphosa is likely to be the chief guest of the 2019 Republic Day ceremonies


4. India, China agree to expand military ties

  • India and China are set to expand their military ties, in tune with the spirit of the Wuhan informal summit between Chinese President Xi Jinping and Prime Minister Narendra Modi in April.
  • For the first time, cadets from Indian and Chinese military academies, as well mid-­level officers, will meet each other regularly.


5. Fitch retains rating for India at ‘BBB-­’

  • Fitch Ratings retained India’s sovereign rating at ‘BBB-­’, the lowest investment grade rating, although maintaining its stable outlook


6. Trade deficit rises to $17.13 bn

  • India’s merchandise trade deficit widened in October to $17.13 billion due in large part to a higher oil import bill
  • Exports in October 2018 were $26.98 billion, as compared to $22.89 billion in October 2017, exhibiting a positive growth of 17.86%.
  • The major commodities that saw stronger growth in exports compared with last year include engineering goods (8.87%), petroleum products (49.38%), gems and jewellery (5.48%), organic and inorganic chemicals (34.01%), and drugs and pharmaceuticals (12.83%)
  • Imports in October 2018 were $44.11 billion (₹3,24,774.78 crore), which was 17.62% higher in dollar terms and 33.07% higher in rupee terms over imports of $37.50 billion (₹2,44,064.20 crore) in October 2017


7. Chipmaker Intel Corp.,unveiled a state-of-­the­-art design house at an investment of ₹1,100 cr on its Bengaluru campus.


8. Mahindra Electric Mobility has opened a ₹100­-crore electric technology manufacturing hub in Bengaluru and rolled out its lithium-­ion three­-wheeler range


Appointments and Resignation

9. Trump fires US Deputy National Security Adviser Mira Ricardel


10 . Former SBI chairman O.P. Bhatt has resigned from the search panel which was formed to find a successor for Yes Bank MD & CEO Rana Kapoor, citing conflict of interests


11. Jayesh Sanghrajka appointed the interim chief financial officer (CFO) and key managerial personnel of Infosys.


12. Aditya Ghosh is CEO, South Asia OYO Rooms


Awards and Recognition

13. Four Indian authors and two authors of Pakistani origin have made it to the shortlist of the $25,000 DSC Prize for South Asian Literature 2018.

  • The shortlisted writers are Jayant Kaikini for  No Presents Please (translated from Kannada by Tejaswini Niranjana); Kamila Shamsie for Home Fire; Manu Joseph for  Miss Laila Armed And Dangerous; Mohsin Hamid for Exit West; Neel Mukherjee for A State Of Freedom; and Sujit Saraf for Harilal & Sons.



14. India into the semifinals of ICC women’s World T20 held in West Indies



Important Days

15. 16th November is celebrated as International Day of tolerance

  • The first ‘World Tolerance Summit 2018’ was also organised in the Dubai from 15th to 16th November.
  • The theme for this year summit was “Prospering from Pluralism: Embracing Diversity through Innovation and Collaboration”


Source: The Hindu, The Economic Times, The Indian Express, Press Information bureau website


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