Current Affairs of 14 November 2015

 1.  Nitish Kumar Elected Leader of Grand Alliance Legislature Party
Legislators of the Grand Alliance unanimously elected Nitish Kumar as their leader in the assembly, paving the way for him to once again become the chief minister.
Nitish Kumar, who led the Grand Alliance to a victory in the assembly elections, was unanimously elected leader of the legislature party of the three-party grouping that includes the Janata Dal-United (JD-U), the Rashtriya Janata Dal (RJD) and the Congress.
JD-U state president Vashisht Narain Singh said the newly-elected legislators of the Grand Alliance met in the annexe of the Bihar Legislative Council premises and unanimously elected Nitish Kumar as the legislature party leader.

Nitish Kumar' election as the leader came after he was elected leader of the JD-U legislature party and hours after he submitted his resignation to Governor Ramnath Kovind.

2. 2015 Valletta Summit on Migration concluded
The 2015 Valletta Summit on Migration was concluded. It was held for two days at the Mediterranean Conference Centre in Valletta, Malta.
It was attended by around 65 heads of governments/high level policy makers from Europe and Africa, besides officials from the UN and various organizations of the European Union.
The summit, in addition to approving a political declaration reaffirming commitment to solve the ongoing Mediterranean Migration Crisis; came up with an Action Plan to deal with migration from Africa to Europe in a comprehensive manner.
The Action Plan is built around five priority domains, namely,
1. Development benefits of migration and addressing root causes of irregular migration and forced displacement
2. Legal migration and mobility
3. Protection and asylum
4. Prevention of and fight against irregular migration, migrant smuggling and trafficking in human beings
5. Return, readmission and reintegration

3. India, UK announced commercial deals worth 9 billion pounds
India and the UK on 12 November 2015 announced commercial deals worth 9 billion pounds in London.
The deals took place between the companies operating from both the countries and were agreed upon during the Prime Minister Narendra Modi’s visit to the UK.
Details of Commercial Deals Creative and retail
• Merlin Entertainments: It will open the first Madame Tussauds in the sub-continent. It will be set up in New Delhi in 2017. Further, it will invest up to 50 million pounds over 10 years to open more of company’s iconic brands that include Discovery Centre and Sea Life Aquarium.
• Apollo Hospitals: It partnered with Holland & Barrett International to open 1000 Holland & Barrett outlets in India over the next 5 years. The first store will open in New Delhi in January 2016 with 115 outlets open at the end of the year.
• Genus ABS will invest 1 million pounds in India providing the latest dairy genetics and constructing a state-of-the-art facility near Pune in Maharashtra.

4. Modi launches Neev Fund in UK
India’s first Low Income State Infrastructure Equity Partnership (the Neev Fund) was launched on  by Prime Minister Narendra Modi in UK in the presence of David Cameron, Prime Minister, United Kingdom.
The Fund has co-investment from the UK Department of International Development and the State Bank of India.
In a joint statement, the two Prime Ministers recognised the importance of infrastructure for sustainable development.
The Fund aims to provide equity partnerships for small infrastructure development in sectors like water & sanitation, clean energy and urban infrastructure. It will seek to demonstrate sustainable and inclusive development through small infrastructure projects within target sectors.
The Fund will invest in small infrastructure projects in eight low income states of the country. This fund will help small projects raise capital and in the long term it will give an impetus to the growth of the nation.”

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