Current Affairs of 10 November

1. Govt sets up Rs 2,000-cr corpus for Nabard
The Union Government has set up a Rs. 2,000-crore corpus for Nabard to help lend to food processing units at a “lower interest rate”.
According to Harsimrat Kaur Badal, Union Minister for Food Processing Industries, loans would be provided to units located both inside and outside mega-food parks.
“Initially, the idea was to facilitate loans for units inside the mega-food parks. But then it was extended to include all units – both inside and outside the food parks,” she told reporters on the sidelines of a food processing seminar organised by the Bharat Chamber of Commerce (BCC) here in the city on Monday.


2. AAI, Pawan Hans to be listed on stock exchanges
 The draft civil aviation policy says that the Airports Authority of India will be corporatised followed by listing in stock exchanges in order to improve efficiency. It says that Pawan Hans will be listed.
Civil Aviation Minister Ashok Gajapathi Raju also hints at privatisation of Air India.
An expert committee will be constituted to develop a future roadmap for Air India, he says.
A mission mode project will be set up to ensure that organisations under the Ministry are competitive in terms of efficiency and costs.
The six metropolitian airports at Delhi, Mumbai, Chennai, Kolkata, Bengaluru and Hyderabad would be developed as major international hubs and would in future be the main access points for international travel to and from India, Raju says.

3. Obama arrives in Beijing on Asia tour
 US President Barack Obama arrived in Beijing today for a regional summit, his first stop on a week-long Asian diplomatic tour.
Obama is due to meet new Indonesian President Joko Widodo this morning, and then address an Asia-Pacific Economic Co-operation (APEC) meeting in the Chinese capital.
The president descended from Air Force One on an Air China staircase and was received by Chinese Foreign Minister Wang Yi.
In Beijing, Obama will seek to reassure Asian nations of America’s commitment to the region at a time when China’s rising profile creates economic opportunity for its neighbours, but also trepidation about Beijing’s desire to exert more influence abroad.
After a formal meeting with the leaders of the 21-member APEC on Tuesday, Obama will stay on for a state visit to China, including talks with President Xi Jinping amid a range of tensions.
He will then travel to Myanmar to attend the East Asia Summit, held on the sidelines of a meeting of the Association of Southeast Asian Nations (ASEAN), before heading for G20 talks in Brisbane, Australia.

4. Ukrainian People's Front Party won the parliamentary elections 2014
Ukrainian People's Front Party led by Ukrainian Prime Minister Arseny Yatsenyuk won the country's eighth parliamentary elections

5. Indian-originated radiographer Fawzia Peer elected as ISRRT President
An Indian-originated radiographer Dr Fawzia Peer was on 9 November 2014 elected as the president of the International Society of Radiographers and Radiological Technologists (ISRRT). Dr Fawzia Peer is elected for the four year term.
Presently, Dr Fawzia Peer is the Manager of the Department of Nuclear Medicine at Inkosi Albert Luthuli Central Hospital (IALCH) in Durban, South Africa.


6. 25th anniversary of Fall of Berlin Wall celebrated in Germany
Germany on 9 November 2014 celebrated the 25th anniversary of fall of the Berlin Wall. The celebrations were attended by German Chancellor Angela Merkel.
On the occasion, white balloons marking a stretch of the wall were released to symbolize the disappearance of the wall.

7. Virat Kohli became fastest cricketer to reach 6000 ODI runs
Indian cricketer Virat Kohli on 9 November 2014 became the
 fastest cricketer in the history to reach 6000 one-day international run mark. During his 53-run knock in India's third ODI against Sri Lanka, he overtook legendary West Indian Vivian Richards' record.
Richards reached the milestone in 1989 by playing 141 innings in 156 matches.

8. Collateral management firm Origo ties up with Nabard
Collateral management firm Origo Commodities today said it has tied up with Nabard to provide ‘warehouse receipt financing’ to farmers in Andhra Pradesh and Telangana.
Under this facility, farmers are allowed to deposit the crop at a warehouse closest to their farms and obtain pledge financing from banks to the extent of 70-75 per cent of the value of the commodity.
The joint initiative will enable farmers to use the warehousing infrastructure of Primary Agriculture Co-operative Societies (PACS) and also more than 100 warehouses managed by Origo Commodities across Andhra Pradesh and Telangana.

9. Manohar Parrikar files nomination for Rajya Sabha from U.P.
 Defence Minister Manohar Parrikar today filed his nomination for Rajya Sabha elections from Uttar Pradesh, a day after being inducted into the Cabinet.
Accompanied by Union ministers Rajiv Pratap Rudy and Kalraj Mishra, MP Jagdambika Pal and other senior BJP leaders, Parrikar filed his nomination papers before Principal Secretary Pradeep Dubey at Vidhan Bhawan here.
The biennial election for 10 Rajya Sabha seats from UP is slated for November 20.

10. Rural women in U.P. to get loan at 3%
 The government today announced that women belonging to the rural areas of Uttar Pradesh would get loan at the rate of three per cent from the cooperative banks, Cooperatives Minister of U.P., Shivpal Singh Yadav said here.
“With the help of Rashtriya Pichda Varg Vitt Vikas Nigam, UP Cooperative Rural Development Bank Limited will provide loan to rural women at the rate of three per cent under the mahila gramin samriddhi yojna,” the senior Cabinet minister said.
“One woman would be able to get a loan of Rs. 50,000 to Rs. 1 lakh from the bank”, Yadav said.

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