1.The Reserve Bank of India (RBI) relaxed norms for Non-Banking Financial Companies (NBFCs) to securitise their loan books.They have been permitted to securitise loans of over five-year maturity after holding them for six months on their books.The RBI has also prescribed certain ‘Minimum Retention Requirement’ (MRR) for NBFCs for availing the relaxed norms.
2.The Reserve Bank of India (RBI) increased the interest subsidy on the post and pre-shipment export credit from 3% to 5%.This move will boost the exports of the Micro, Small & Medium Enterprises (MSME) sector manufacturers.The increased subsidy is applicable from 2 November 2018.Exporters get the subsidy under the ‘Interest Equalisation Scheme on Pre & Post Shipment Rupee Export Credit’.
3.The Reserve Bank of India (RBI) has made the Legal Entity Identifier (LEI) code mandatory for all participants undertaking transactions in the markets regulated by the RBI.The LEI is a 20-character unique identity code assigned to entities who are parties to a financial transaction.The LEI code is a measure to improve the quality and accuracy of financial data systems.
4.China and India will hold a joint 14-day military exercise ‘Hand in Hand’ in China’s Chengdu city from 10 December 2018.It will promote understanding between the two militaries and improve their capabilities in fighting terrorism.The exercise is being held after a gap of one year as both the sides were locked in a standoff in Doklam in the Sikkim sector of the border in 2017.
5.Renowned flautist Pandit Keshav Ginde will be conferred with the prestigious ‘Bharat Ratna Pandit Bhimsen Joshi Lifetime Achievement Award 2018’ for classical music.The award has been instituted by Maharashtra Governement.
6.The ‘Global Nutrition Report 2018’ was released on 29 November 2018.According to the report, Forty-six million children in India are stunted because of malnutrition.In India, high rates of malnutrition lead to anaemia, low birth rates, and delayed development.The report is an independently produced annual analysis of the state of the world’s nutrition.
7.Slovenia has become the only NATO country to appoint a woman as head of its army.Maj Gen Alenka Ermenc took up the post of Chief of Staff of the Slovenian army on 28 November 2018.Maj Gen Ermenc is currently serving as the army’s Deputy-Chief of Staff.
8.According to a report by the National Council of Applied Economic Research (NCAER), the Indian economy is projected to grow at 7–7.4% in 2018-19.The real agriculture Gross Value Added (GVA) is envisaged to grow at 3% and real industry GVA at 7% in 2018-19.NCAER is a New Delhi based non-profit think tank of economics.
9.Salome Zurabishvili has won Georgia’s presidential election on 29 November 2018.She became the first woman President of Georgia.She was the former French Diplomat.She was the former Foreign Minister of Georgia.The capital of Georgia is Tbilisi and its currency is Georgian Lari.
10.World number one Norwegian Magnus Carlsen has won the ‘World Chess Championship’ title on 28 November 2018.He defeated Fabiano Caruana from the United States in a tie-breaker event.He won the ‘World Chess Championship’ title for the fourth time.He won his first ‘World Chess Championship’ title in 2013 by beating Indian grandmaster
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