Current Affairs » November 2018 » WEF Global Future Councils Began In Dubai

WEF Global Future Councils began in Dubai
Current Affairs Headlines of 13th November, 2018

WEF Global Future Councils began in Dubai

The two-day annual meeting of World Economic Forum’s (WEF) Global Future Councils began in Dubai on 11 November 2018.

The objective of the Annual Meeting of the Global Future Councils is to convene the world’s best network of experts to identify new ideas and models that can be applied to critical global challenges.

The theme of the meeting is ‘Globalisation 4.0’.

Bangalore Ranked Indias Most Congested City - NBER

Bangalore tops the index for the most congested city, and Mumbai in the second position, while Pune follows in the seventh place, according to a recent research published under the US-based organization, National Bureau of Economic Research (NBER).

A team of researchers at the University of California, Berkeley and three other U.S. universities, the research studies the current status of mobility in urban India, using Google maps.

FinTech festival kicks off in Singapore

The 3rd edition of the FinTech Conference was inaugurated in Singapore alongside the ASEAN summit on 12 November 2018.

The Conference will focus on themes including Artificial Intelligence, AI in Finance, ASEAN FinTech Opportunities; Cyber-Security, Financial Inclusion; Future of Banking; Future of Money.

Singapore FinTech Festival 2018 is organised by the Monetary Authority of Singapore.

‘Quad’ to meet in Singapore on 14 November

Officials from Australia, India, Japan and the United States will hold the third ‘Quadrilateral’ or Quad meeting in Singapore on 14 November 2018.

The meeting will be held on the sidelines of the East Asia Summit.

The meeting will focus on infrastructure projects, maritime security cooperation and discuss regional challenges including development.

Stan Lee, Co-Creator of Spider-Man, Iron Man, Passes Away

American comic-book writer and Marvel Comics co-creator Stan Lee passed away aged 95.

Born as Stanley Martin Lieber in Manhattan, he is credited with co-creating several fictional characters including Spider-Man, the Hulk, Doctor Strange, the X-Men, Iron Man, and Thor.

Lee was also known for making cameo appearances in Marvel Cinematic Universe films including The Avengers.

Power Minister inaugurated INSPIRE 2018

R K Singh, Union Minister of State for Power and New & Renewable Energy inaugurated the ‘International Symposium to Promote Innovation & Research in Energy Efficiency’ (INSPIRE 2018) on 11 November 2018.

It is being organised by Energy Efficiency Services Limited and World Bank.

It will focus on enhancing grid management, e-Mobility, and technologies for energy efficiency in India.

Union Minister Ananth Kumar passed away

Union Minister for Parliamentary Affairs, and Chemicals and Fertilizers H.N. Ananth Kumar, passed away in Bengaluru on 12 November 2018.

He is a six-time member of parliament from Bengaluru South Lok Sabha seat and was representing it continuously since 1996.

He held civil aviation, urban development and tourism portfolios in Atal Bihari Vajpayee cabinet during 1999-2004.

Cyclone Gaja to cross Tamil Nadu & Andhra

A deep depression in the Bay of Bengal has intensified into a cyclonic storm named Cyclone Gaza.

It is likely to cross the north Tamil Nadu and south Andhra Pradesh coast on 15 November 2018.

It is moving at a speed of 12 kmph is likely to intensify into a ‘severe cyclonic storm’.

The coastal areas of north Tamil Nadu would experience moderate rainfall and heavy rainfall.

33rd ASEAN summit began in Singapore

The 33rd edition of the ASEAN Summit began in Singapore on 11 November 2018.

Prime Minister of Singapore Lee Hsien Loong is the Chairman of the Summit.

Prime Minister Narendra Modi is scheduled to attend the East Asia Summit and Associated meetings of ASEAN on 14th and 15th November 2018 in Singapore.

UNESCO Asia-Pacific Awards 2018 Announced for Cultural Heritage Conservation

The renewal of the early 20th-century ‘Shijo-cho Ofune-hoko Float Machiya’ has received the Award of Excellence in this year’s UNESCO Asia-Pacific Awards for Cultural Heritage Conservation.

Ten projects from five countries – Australia, China, India, Japan, and Thailand – have been recognized by an international Jury of conservation experts in this year’s Awards.

Other Awardees include:

Award of Distinction:

The LAMO Center, Ladakh, India.

Award of Merit:

5 Martin Place, Sydney, Australia.

Aijing Zhuang, Fujian, China.

Commercial Bank of Honjo Warehouse, Saitama, Japan.

Honorable Mention:

Hengdaohezi Town, Heilongjiang, China.

Rajabai Clock Tower & University of Mumbai Library Building, Mumbai, India.

Ruttonsee Muljee Jetha Fountain, Mumbai, India.

New Design in Heritage Contexts:

Kaomai Estate 1955, Chiang Mai, Thailand.

The Harts Mill, Port Adelaide, Australia.

Scientists discovered two planets

Astronomers have discovered two new rogue planets that do not have stars to orbit.

Researchers found the planets in the regions called the Galactic bulge and disk.

As planets don’t orbit stars and are ‘free-floating,’ it’s difficult to determine the size.

One planet could be similar in size to Earth, while another one may be similar to Jupiter.

Fortune magazine sold to Thai businessman for 1,090 crore

US publisher Meredith Corporation has agreed to sell Fortune magazine and its related businesses to Thai businessman Chatchaval Jiaravanon (an owner of the Charoen Pokphand Group conglomerate) for $150 million (Rs.1,090 crore).

In September, Meredith sold Time magazine to billionaire Marc Benioff and his wife, Lynne, for $190 million.

ISRO invites foreign experiments

The Indian Space Research Organisation (ISRO) has taken its first step towards its mid-2023-planned mission to Venus.

It issued an announcement of opportunity (AO) to the international space community to propose their scientific payloads to be carried on the mission.

This AO for space-based experiments to study Venus is open to international scientists from various space agencies.

ASEAN countries inked 1st e-commerce agreement

Economic ministers from the Association of Southeast Asian Nations (ASEAN) on 12 November 2018 signed an agreement to facilitate cross-border e-commerce transactions within the region.

The agreement is the grouping’s first agreement on e-commerce.

It also aims to deepen cooperation among ASEAN member states so as to spur the use of e-commerce as a way of driving regional economic growth.

Indian Food and Agro Buyer Seller Meet was held in Jeddah

Food and Agro Buyer-Seller Meet (BSM) was held in Jeddah. It was inaugurated by Md. Noor Rahman Sheikh, Consul General of India in Jeddah and Hassan Ibrahim Dahlan, Secretary General of Jeddah Chamber.

It was organized by Consulate General of India in Jeddah in association with Jeddah Chamber and Trade Promotion Council of India (TPCI). 25 Indian companies from food and agricultural products sector met the Saudi importers at the BSM.

ADB signed a US$13 million loan pact with EESL

The Asian Development Bank (ADB) will provide US$13 million loan to Energy Efficiency Services (EESL) to promote efficient energy usage in India.

The loan amount will be provided by the Global Environment Facility (GEF).

The grant, to be administered by ADB, is tied to the USD 200 million ADB-financed Demand-Side Energy Efficiency Sector Project.

Kochi signed a MoU with Vilnius

Kochi Corporation and Vilnius, the capital city of Lithuania, have signed a Memorandum of Understanding (MoU) on 10 November 2018.

The MoU is a part of the European Union (EU) project ‘International Urban Cooperation’.

The primary focus of the cooperation would be urban planning, corporate planning, transport, solid water management and water management.

India and Morocco signed an Agreement

An Agreement on mutual legal assistance in criminal matters was signed between the Government of India and Government of the Kingdom of Morocco.

It will strengthen bilateral cooperation with Morocco.

It will provide a broad legal framework for the prevention, investigation and prosecution of crimes as well as in tracing, restraint and confiscation of funds meant to finance terrorist acts.

Swati Chaturvedi won the 2018 London Press Freedom award

Swati Chaturvedi has won the 2018 London Press Freedom Award for Courage.

She is a freelance journalist who has been the target of online trolling and harassment for her investigative reports.

Ms.Chaturvedi won the award for her work in exposing the “IT cell” within the Bharatiya Janata Party for keeping an army of angry trolls.

The award ceremony displayed the importance of press freedom and safety of journalists, especially in the wake of the killing of Saudi Arabian journalist Jamal Khashoggi in the Saudi embassy in Istanbul last month.

Global IT Challenge for Youth concluded

The three-day event of Global IT Challenge for Youth with Disabilities- 2018 concluded in New Delhi on 11 November 2018.

This year 96 youth with disabilities from 18 countries including India, Indonesia, China, Vietnam, Malaysia, Thailand, Sri Lanka, Bangladesh, Philippines, UK and UAE participated in it.

On occasion, 55 awards were presented to youth with disabilities.

S. S. Deswal appointed as DG of ITBP

The ACC approved the appointment of S. S. Deswal, IPS as Director General, Indo Tibetan Border Police (ITBP).

He took charge from R K Pachnanda, the outgoing DG of ITBP, who superannuated recently.

Hyundai to invest Rs.7,000 crore in Tamil Nadu

Hyundai, the South Korean automotive manufacturer, is to invest Rs.7,000 crore to expand its facility at Sriperumbudur, Chennai.

Hyundai Motor India Limited CEO and MD Y.K. Koo said that the investment will also go towards the manufacture of new models and electric vehicles.

Hyundai is to sign an MoU with the Global Investors Meet and it has been scheduled for January.

A delegation, led by Mr. Koo, called on Chief Minister Edappadi K. Palaniswami at the Secretariat over increase in production to another 1,00,000 units and requested the government to provide incentives.

Jaipur, Ahmedabad, Trivandrum among 6 airports to be privatised

The Union Cabinet gave its approval for leasing out six airports namely Lucknow, Ahmedabad, Jaipur, Mangaluru, Trivandrum, and Guwahati - for operating, managing and developing under the Public Private Partnership (PPP) model.

This comes 12 years after Delhi and Mumbai airports were privatised in 2006. The private player will hold at least 75 per cent stake.

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