Current Affairs for BANK, IBPS Exams - 21 November 2017
Current Affairs for BANK, IBPS Exams - 21 November 2017
SC dismissed plea to stay the release of the controversial movie Padmavati
The Supreme Court dismissed another plea to stay the release of the
controversial movie Padmavati and initiate criminal prosecution against its
director Sanjay Leela Bhansali.
It made it clear that it wants the Censor Board to come to an
independent and considered decision on certifying the movie.
A three-judge Bench said the Supreme Court cannot stop a statutory body
like the Central Board of Film Certification (CBFC) from doing its statutory
duty of certifying a film by “prematurely” ordering a stay on its release.
“Can the Supreme Court intervene to stop a movie? The CBFC has a
statutory duty. Can this court injunct a statutory board from doing its
duty,” Chief Justice Misra asked the petitioner-advocate M.L. Sharma.
Referring to the repeated pleas filed before it for stay of the movie
even before the CBFC has certified it, he said, “All this happens because
people do not read the Cinematograph Act and rules.”
“Five members see a movie. Once they see it, they discuss it among
themselves and suggest cuts. Before they do anything, they give the
film-makers an opportunity to be heard to convince them not to cut the
scenes in question,” the Chief Justice explained.
He said that in case of any grievance, there is the Film Certification
ISRO issued a tender to the private industry
In an attempt to increase the number of satellite launches and build the
capacity of the private sector, the Indian Space Research Organisation (ISRO)
issued a tender on Monday to the private industry for Assembly, Integration
and Testing (AIT) of 30-35 satellites.
“ISRO has issued a Request For Proposal (RFP) to the private industry to
build 30-35 satellites over three years. Under this, 4-5 companies would be
selected after evaluation and awarded parallel contracts. They would be
responsible for the AIT of satellites at ISRO facilities,” said Director
ISRO satellite centre.
He said ISRO currently launches 3-4 launches per year but the demand is
for 16-18 satellites. ISRO expects to get the responses to the RFP by
December 5, complete selection of the companies by January 5 and sign
contracts by February5.
Alpha Design Technologies was allowed to build satellites at ISRO
facilities. ISRO did the hand holding on the first one and tried their
staff. The second satellite was completely built by them at our facility.
In the next step, the idea is to let the private industry build their
own facilities after gaining enough expertise, the official added. The
private sector already supplies majority of the sub-systems in satellite
Giving the reason for the push, he said in the next 3-4 years ISRO plans
to launch 58 satellites. “Our in-house capacity is limited. So we are
looking to offload 30-40% of the work to the private sector,”
To this end, ISRO has built a space technology park spread over 25 acres
in Bengaluru where the entire range of facilities have been set up for use
by the industry.
Shia waqf board submits the settlement for Ayodhya dispute
Shia Waqf Board chairman Syed Waseem Rizvi has moved SC for permission
to place on record a “settlement” worked out by the Uttar Pradesh Shia
Central Waqf Board with a majority of non-Muslim stakeholders in the Ram
Janmabhoomi-Babri Masjid land dispute.
The application comes ahead of the scheduled hearing of the dispute in
the Supreme Court on December 5.
Under the settlement, the Ram temple could be built on the Ayodhya site
while a mosque would be constructed in Lucknow.
The application filed by Mr. Rizvi said the Shia Board has mooted the
proposal for a “long-term settlement of this dispute which has resulted in a
feeling of acrimony among these communities”.
Mr. Rizvi, in the application filed through advocate M.C. Dhingra, said
the settlement proposal was worked out after a series of meetings,
discussions and deliberations with the concerned Hindu brothers and
stakeholders,” including the various mahants.
The application reinforced the right of the Shias to take a decision on
the fate of the Babri Masjid, which it claimed is a “Shia wakf”.
“The mutawallis of Babri Masjid have always been Shia Muslims and the
last known/recorded mutawalli of the Babri Masjid was a Shia Muslim,” it
The Shia Board has “all the rights to take a prudent decision on the
issue which in fact relate to larger national interest”, the application
It gave a list of mosques in Islamic countries which “have been
removed”. In connection with “the sanctity of mosques being constructed by
unjust people”, the application recounted an “incident recorded in the books
of Islamic theology where a masjid named Masjid-al-Diirar was ordered to be
demolished and burnt down by the Prophet of Islam”.
UIDAI denied breach or leak of Aadhaar data.
The Unique Identification Authority of India (UIDAI) on Monday denied
breach or leak of Aadhaar data.
It was responding to reports that over 200 government websites had
displayed Aadhaar-related data of beneficiaries.
“The data on these websites were placed in the public domain as a
measure of proactive disclosure under the RTI Act by these government and
institutional websites which included beneficiaries’ name, address, bank
account, and other details, including Aadhaar number, and were collected
from the third party/users for various welfare schemes,” it said.
“It was this collected info which had been displayed in the public
domain under the RTI Act. There was no breach or leakage of Aadhaar data
from the UIDAI database or server as has been aired by the said report,” it
The UIDAI and the Ministry of Electronics & IT had directed the
government departments and the Ministries to remove immediately the data
from their websites, it said.
The UIDAI clarified that Aadhaar was not a secret number. It was to be
shared with authorised agencies when an Aadhaar holder wishes to get a
service or benefit of government schemes or services.
China’s multi-nuclear war head ICBM to hit anywhere in the world
China’s next-generation multi-nuclear warhead intercontinental ballistic
missile with a proclaimed ability to hit targets “anywhere in the world” may
be inducted into the PLA early next year, a media report said on Monday.
The new missile — the Dongfeng-41 — also has a speed of more than Mach
10 and can use decoy devices and chaff to pierce its way through the enemy’s
missile warning and defence systems.
The missile which underwent another test — the eighth since it was first
announced in 2012 — could be in the People Liberation Army’s line-up as
early as the first half of 2018.
It must have matured considerably if it is to start serving in the PLA,
Xu Guangyu, a senior adviser of the China Arms Control and Disarmament
The Dongfeng-41 is a three-stage solid-fuel missile with a range of at
least 12,000 km, meaning it could strike anywhere in the world from a
mainland site, Mr. Xu told the Global Times , adding that, “it can carry up
to 10 nuclear warheads, each of which can target separately”.
The South China Morning Post reported that China had possibly tested the
ICBM in its western desert area in early November, but it did not give the
exact location or date of the test.
India and U.K. fight for election to the International Court of Justice
As the UN General Assembly and the Security Council assemble for
separate meetings in New York to hold the 12th round of voting to break the
stalemate between India’s Dalveer Bhandari and Britain’s Christopher
Greenwood for re-election to ICJ.
It is the first time in UN history that the candidacy of a permanent
member of the Security Council is challenged in the way it has been by
India, and all five permanent members, the P5, appear to have rallied behind
Mr. Greenwood, though actual voting choices will remain secret.
In the last round of voting at the Security Council, the U.K. got nine
votes against five for India, with one abstention.
Japan, which appeared to be at the forefront of a move to counter
Chinese designs in Asia recently, is also said to have joined hands with
China, the U.S. and Russia in support of the U.K., sources familiar with the
developments at the UN told.
U.S. diplomatic sources refused to disclose their preference in
discussions over the weekend, but a long-time observer of UN politics in New
York said: “P-1 is the U.S. and P-2 is the U.K. They are always together.”
The U.K. has already indicated to members of the Security Council that
it plans to invoke a clause that has never been used to suspend voting and
move to a conference mechanism of the General Assembly and the Security
Council if the first round of voting does not yield a clear outcome.
The conference mechanism involves three members of the General Assembly
and three of the Security Council jointly selecting the winner. India has
told member countries that this would amount to bypassing the desire of an
But if the U.K. wants to suspend voting after the first round on Monday
and invokes the conference option, there is no way to stop it, as per rules.
India is gearing up for a three-pronged battle at the UN, according to
sources familiar with the developments.
The first is the headcount in the General Assembly. India has ended up
at 121 in the last round and is trying to push it up. If India gets
two-thirds, at 128, “morally no judge can continue in the fray”, a source
The second battle line is in the Security Council, which will vote
simultaneously. India hopes that its votes will increase from five.
More than six members of the Security Council have been assuring India
their votes, but the count indicates that not all of them are keeping their
promise. India’s Permanent Mission in New York worked through the weekend,
reaching out to Security Council members.
The 10 non-permanent members are Bolivia, Egypt, Ethiopia, Italy, Japan,
Kazakhstan, Senegal, Sweden, Ukraine and Uruguay.
::BUSINESS AND ECONOMY::
Centre has granted infrastructure status to the logistics sector
The Centre has granted infrastructure status to the logistics sector,
allowing it to avail loans at competitive terms that come along with the
“The need for integrated logistics sector development has been felt for
quite some time in view of the fact that the logistics cost in India is very
high compared to developed countries,” the government said in a statement.
“High logistics cost reduces the competitiveness of Indian goods both in
domestic as well as export markets. Development of logistics would give a
boost to both domestic and external demand thereby encouraging manufacturing
and ‘job creation.’
“The cost of logistics is extremely high in India with some estimates
putting it at about 13% of GDP, which is higher than the U.S. (9) and
Germany (8),” said Pirojshaw Sarkari, CEO, Mahindra Logistics, in a
“Hence, the logistics sector needs improvement in efficiency. We believe
that the infrastructure status will reduce the cost of capital in
transportation and warehousing, thereby reducing the cost of logistics.”
The inclusion of the logistics sector in the Harmonised Master List of
Infrastructure Sub-sectors was discussed at the 14th Institutional Mechanism
(IM) Meeting held on November 10, 2017, where it was approved by Finance
Minister Arun Jaitley.
Centre has raised Rs. 14,500 crore through the Bharat-22 ETF
The Centre has raised Rs. 14,500 crore through the Bharat-22 Exchange
Traded Fund (ETF), comprising 22 companies.
“We have decided to retain Rs. 14,500 crore of the total subscription
that has come in for Bharat-22 ETF,” Department of Investment and Public
Asset Management (DIPAM) Secretary Neeraj Gupta said.
The ETF saw bids of nearly Rs. 32,000 crore coming in, with FIIs bidding
for one-third of the money. The portion reserved for retail investors was
subscribed 1.45 times; retirement funds —1.50 times and NIIs and QIBs — 7
With this, the Centre has raised Rs. 52,500 crore through disinvestment
in the current fiscal.
Govt has asked all FMCG’s to pass on benefits of GST rate cut
The government has written to all major fast-moving consumer goods (FMCG)
companies urging them to immediately revise the maximum retail price on all
their products that have seen a reduction in tax rates as decided by the
Goods and Services Tax Council.
The letter comes a couple of days after Finance Secretary Hasmukh Adhia,
speaking on Doordarshan, warned FMCG companies that they could attract
anti-profiteering action if their retailers failed to pass on the newer
prices to consumers.
The Cabinet, also approved the creation of the National
Anti-profiteering Authority, which is tasked with ensuring that the benefits
of GST, where applicable, are passed on to the consumers.
The GST Council, in its 23rd Meeting held on November 10, had slashed
the tax rates on about 200 goods, including 178 that fell in the highest tax
bracket of 28%. A large number of other goods saw their tax rates reduced
from 18%, 12%, and even 5%.
“All these changes are effective from the midnight of November 14,
2017,” the statement added.