Current Affairs For Bank, IBPS Exams - 21 November, 2015

Current Affairs for BANK, IBPS Exams

21 November 2015

:: National ::

Another terrorist attack in MalI

At least 27 people were reported dead on Friday as Malian special forces, aided by the U.S. and French commandos, stormed a luxury hotel in Bamako, where gunmen had held at least 170 people, including 22 Indians, hostage.
Two gunmen were among the dead, there were no more hostages left inside the hotel, but the government troops were still fighting gunmen.
India's External Afairs Ministry spokesperson also confirmed that all Indian hostages “have been safely evacuated.”
Gunmen had entered the 190-room hotel compound in Bamako at around 7 a.m. in a car with diplomatic plates and automatic gunfire was heard from outside.

Nitish sworn in Bihar CM, 28 join his team

Nitish Kumar was sworn in Bihar Chief Minis-ter for a fifth time on Friday at a grand event attended mostly by non-BJP leaders.
The two sons of RJD chief Lalu Prasad — Tejaswi and Tej Pratap — and 26 others were also sworn in. In the late-evening allocation of portfolios, Tejaswi Yadav, the younger son of Mr. Lalu Prasad, became Deputy Chief Minister.
The elder son, Tej Pratap, was given charge of three important Ministries.

Illegal shrines to be demolished in Maharastra

The Maharashtra government will demolish all illegal religious structures across the State built after September 2009 in the next nine months.
The State's Home Department issued a government resolution (GR) listing out a timeline to deal with illegal religious structures in the State following Bombay High Court directives.
According to the State's plan, the process of legalising illegal shrines built before September 2009 should be completed within six months.
The process of shifting some of these structures should be over within six to nine months and the rest should be demolished within two years.
However, any illegal religious structure built after September 2009 will not be legalised and have to be razed.
In September 2009, the Supreme Court had directed all States to initiate action against illegal shrines.
While hearing a public interest litigation petition against illegal shrines, the Bombay High Court in October 2015 expressed displeasure over the government's delay in taking action against these structures, following which the government issued an order for the same.

:: International ::

Mali battles gunmen in capital as Islamists hit Iraq, Yemen

The raid on the Radisson Blu hotel in Bamako, comes a week after Islamic State militants killed 129 people in Paris.
The identity of the Bamako gunmen, or the group to which they belong, is not known.
One security source said as many as 10 gunmen had stormed the building, although the company that runs the hotel, Rezidor Group, said it understood that there were only two attackers.
The attack is not the first such incident occurring in the West African country. Despite a French intervention in its former colony in 2013, Islamists rebels, who have bases in the North, have continued in the country's central belt on the southern reaches of the Sahara, and in Bamako.
An Islamist group claimed responsibility for the death of five people last March in an attack on a restaurant in Bamako that is popular with foreigners.
And in August, 17 people were killed during an attack on a hotel in Sevare in central Mali, some 600 km northeast of Bamako, which was claimed by the Sahara-based Islamist militant group al-Mourabitoun.
The dead in Sevare included nine civilians, five of whom worked for the U.N. mission in Mali (MINUSMA), as well as four Malian soldiers and four militants.
In the wake of last week's Paris attacks, an Islamic State militant in Syria told Reuters the organisation viewed France's military intervention in Mali as another reason to attack France and French interests.
France has more than 1,000 troops in Mali, a key battleground of Operation Barkhane, a counter-terror operation spanning five countries in Africa's restive Sahel region.
Islamist groups have continued to wage attacks in Mali despite a June peace deal between former Tuareg rebels in the country's north and rival pro-government armed groups.
The country's north fell under the control of Tuareg rebels and jihadist groups linked to Al-Qaeda in mid-2012.
Despite French intervention two years ago, the West African country continues to see terror attacks; militants often strike from their desert hideouts.

Bangladesh Nationalist Party defends war crimes convict Chowdhury

Breaking its long silence, the Bangladesh Nationalist Party (BNP) has come out with a strong defence of a top war crimes convict, even as jail authorities have started preparations for his execution.
The party, which has a strong alliance with Jamaat-e-Islami which took up arms along with Pakistan army to oppose Bangladesh's independence in 1971, claimed the death row convict, Salahud-din Quader Chowdhury, had been “deprived of justice”.
The BNP claimed that Chowdhury, an young leader of the then Muslim League in 1971 and now a presidium member of the BNP.

:: India And World ::

Trade ties top Modi's agenda at Asean meet

Enhancing the existing trade and economic ties with the Association of Southeast Asian Nations (Asean) is top on the agenda of the Prime Minister Narendra Modi.
He will participate in the thirteenth Asean-India and the tenth East Asia summits.
Besides the two summits, the Prime Minister is slated to address the Business and Investment Summit, where he wants to emphasise the need for closer economic cooperation and investment opportunities.
The Asean today is India's fourth largest trading partner. India, in turn, is the sixth largest partner for Asean.
Trade between India and the Asean stood at $ 76.52 billion in 2014-15. India's exports to the Asean were $ 31.81 billion and imports were $ 44.71 billion.
The Asean-India strategic partnership was stated to have acquired further momentum after the enunciation of the “ Act East Policy” by Mr. Modi at the 12th Asean-India Summit in November 2014.

:: Economy ::

CBDT outlines roadmap to phase out corporate tax exemptions

The government announced its roadmap towards phasing out corporate tax exemptions, a commitment made by Finance Minister Arun Jaitley in his Budget speech.
The Finance Minister had promised the dual actions of reducing the corporate tax rate from 30 per cent to 25 per cent in a gradual manner, and the removal of corporate tax exemptions.
Regarding tax incentives with no date of termination, the CBDT proposes a sunset date of March 31, 2017, adding that there will be no weighted deduction with efect from 01. 04.2017.
During his Budget speech in February, Mr Jaitley had raised the issue of India's perceived high corporate tax and large number of exemptions.

Centre committed to boost public spending on infrastructure

The Centre was committed to boosting public spending on infrastructure in the coming years so that allied sectors such as cement and steel get a boost, leading to greater employment generation, Union Minister of State for Commerce and Industry Nirmala Sitharaman said during the ‘Resurgent Rajasthan Partnership Summit'.
In a veiled attack on the critics of the NDA Government, Ms. Sitharaman said Prime Minister Narendra Modi has been making several trips overseas to lift India's image.
Ms. Sitharaman's comments on increase in public spending on infrastructure assumes significance because some analysts apprehend that owing to the Seventh Pay Commission recommendations and the consequent increase in the Centre's wage bill in the next financial year.
It is also significant due to the expected reduction of corporate tax rates, the government could be forced to bring down public expenditure (including in infrastructure) in the coming year to reduce the fiscal deficit further.

:: Sports ::

India takes on Japan in last four

Unbeaten India will look to ride its winning momentum and book a place in the summit clash when it takes on Japan in the first semifinal of the eighth junior men’s Asia Cup hockey tournament
India goes into the last-four clash on the back of a 2-1 win over the same opponent in its opening pool match. India had defeated Japan, Malaysia, China and Oman.
On the other hand, Japan’s performance has improved in its last two matches with wins over China in its last group match and Bangladesh in the quarterfinals.