Current Affairs 14th November 2018

Current Affairs 14th November 2018 - Important Points

• Indian Navy - Indonesian Navy bilateral exercise ‘Samudra Shakti’ began on - 12th November 2018
• Government approves constitution of new boards of Governors for IIMs on - 12th November 2018
• Government sets up National Data Repository  shared by - Union Petroleum Minister
• Global Cooling Innovation Summit held in -  New Delhi
• Twitter launches #PowerOf18 campaign to boost youth engagement for  - 2019 polls
• India and Morocco mark Agreement on Mutual Legal Assistance in -Criminal Matters
• World Diabetes Day celebrated on 14 November Worldwide on - 14th November 2018
• Flipkart co-founder, CEO Binny Bansal steps down on - 13th November 2018
• Government to release Rs 75 commemorative coin to mark anniversary of Tricolour hoisting by Bose  on - 13th November 2018

Current Affairs 14th November 2018 - Details

Indian Navy - Indonesian Navy bilateral exercise ‘Samudra Shakti’ began on - 12th November 2018

The introductory edition of Indian and Indonesian Navy Bilateral Exercise “Samudra Shakti” started on November 12th, 2018 at Surabaya, Indonesia. The exercise will accomplish on November 18th, 2018. The INS Rana of the Eastern Fleet located at Visakhapatnam under the Eastern Naval Command reached at the port of Surabaya to take part in the exercise.
The exercise goals to fortify bilateral relations, expand maritime co-operation, enhance interoperability and exchange best practices.
The strategic partnership between both the countries was raised to ‘Comprehensive Strategic Partnership’ during the visit of PM Narendra Modi to Indonesia in May 2018.

Highlights of the Bilateral Exercise ‘Samudra Shakti’

• The exercise started with a Harbour Phase planned from November 12th-15th encompassing planning and briefing on numerous activities, professional interactions, cross deck visits, sports fixtures and social interactions. 
• The harbour phase will be trailed by a Sea Phase programmed from November 16th-18th and would consist operations, for example, Joint Manoeuvres, Helicopter Operations, Surface Warfare exercise, ASW exercise and Anti-Piracy exercises.
• The participation of Indian Naval Ship Rana pursues to encourage India’s solidarity with Indonesia towards ensuring good order in the maritime domain and to fortify present ties between the navies of the both countries.

Government approves constitution of new boards of Governors for IIMs on - 12th November 2018

The Union Government on November 12th, 2018 permitted the process of constitution of new boards of Governors for 20 Indian Institute of Managements according to the IIM Act 2017.
Talking on the same, Union Human Resource Development Minister Prakash Javadekar informed that the procedure of constitution of boards for the Indian Institute of Managements, which have been given
complete powers of operating the institutions, is a major expansion which indicates complete autonomy of quality institutions in higher education and will ensure a quality development of higher education.
Key Highlights

• The endorsement for the constitution of the new boards for Indian Institute of Managements has been issued in consultation with the Union Ministry of Law and Justice. 
• The procedure is in harmony with the provisions of Section 10 of the IIM Act 2017. The IIM Act is a historical step of the Government that for the 1st time provided wide-ranging autonomy to the higher educational institutions.
• In harmony with the spirit of the Act, Government has finalised to instantly withdraw the Government nominees who are in surplus of the provisions of the Act. This will form way for ample control of the institutions by reputed academicians and alumni.
• The procedure of constitution of the 1st boards would start with 3 Ex-officio members, who will nominate the Chairperson, who shall normally be the present Chairperson and would be given the full term under the new Act.
• The Chairperson would then head the further procedure of makeup of the boards as laid down under the Act.
• Thereafter, the board comprising of Chairperson and ex-officio members will co-opt 5 alumni from each of the Indian Institute of Managements, who will usually be the present serving members, except in cases of ineligibility.

Government sets up National Data Repository  shared by - Union Petroleum Minister

The Union Government has formed a state-of-the-art National Data Repository. The news was shared by Union Petroleum Minister Dharmendra Pradhan while speaking at the DG Carbons Roadshow program in Abu Dhabi.
The Minister informed that the repository is a database of entire geo-scientific data of hydrocarbon
resources in the nation.
Significance

• With this, India has joined the league of nations including United Kingdom and Norway which have a National Data Repository for the upstream sector.
  Objective
• The main aim is to form National Data Repository of reliable exploration and production statistics for India with provisions for seamless admission and online data management.
• To simplify efficient statistics reporting, statistics exchange and statistics trading among existing players including all geoscientific organisations.
• To expand DGH’s ability to monitor and regulate the exploration and production activities and reporting.
• To inspire new exploration and production activities by delivering high quality and reliable data.
• To support an open domain system for a better-quality global exploration and production business
  environment in India.
  Other Details
• The repository principally will protect National Exploration and Production statistics asset and shall benefit and promote exploration and production activities in India.
• It will store and preserve hydrocarbon exploration and production data in a harmless and reusable
  manner, in perpetuity.
• The data shall be conserved in accordance with normally accepted NDR standards and made available to entitled subscribers.

Global Cooling Innovation Summit held in -  New Delhi

The 1st Global Cooling Innovation Summit was organised in New Delhi.  It was initiated by Union Environment Minister Harsh Vardhan. It was mutually organised by Department of Science and Technology along with Alliance for An Energy-Efficient Economy, Rocky Mountain Institute, Conservation X Labs and CEPT University.
Global Cooling Innovation Summit

• The 2 days summit was 1st-of-its-kind solutions-oriented event planned to explore concrete means and ways to address climate threat that raised due to the increasing demand from room Air Conditioners.
• It saw participation from distinguished speakers worldwide, including innovators, philanthropists, venture capitalists and other manufacturing leaders.
• The launch of Global Cooling Prize was also declared on the side-lines of this summit.
• It will be International competition to incentivise expansion of residential cooling technology that will have 5 times less climate influence in comparison to standard room Air Conditioners sold presently.

Twitter launches #PowerOf18 campaign to boost youth engagement for  - 2019 polls

Twitter India has initiated #PowerOf18 campaign intended at inspiring youth to contribute in public discussions and participate in civic engagement for the 2019 general elections. The resourcefulness was released by Twitter CEO Jack Dorsey and Maya Hari, Vice-President and MD, Asia Pacific, Twitter during townhall chat with the students of IIT-Delhi.
#PowerOf18 campaign
The campaign will work as resource for Indian youths to get additional information about elections,
support social causes they are obsessive about and join public debates. It is backed by Twitter’s mission
to assist the public discussion and work with more like-minded partners and dispositions to create
awareness of reputation of voting.
Important Points

• The pact will assist to support bilateral assistance between India and Morocco.
• It will augment effectiveness and provide broad legal framework for inhibition, investigation and prosecution of crimes and also in tracing, restraint and confiscation of funds for finance terrorist activities.
• It will assist in countering fears posed by planned crime and terrorism.

Did you know?
In a countrywide survey directed with 3,622 youth respondents from India, Twitter noticed growing
reputation of social media for data consumption. It noticed that devastating 94 percent of defendants
indicating that they would cast their vote in the forthcoming elections. Nearly 60 percent of youth
measured would turn to social media to locate what’s happening in India and around world, a percentage greater than all other mediums including newspapers.

India and Morocco mark Agreement on Mutual Legal Assistance in -Criminal Matters

India and Morocco inked a pact on mutual legal assistance in criminal matters, chiefly intended at
containing menace of terrorists funding. It was inked in New Delhi by Union Minister of State for Home
Affairs Kiren Rijiju from the Indian side while Minister of Justice Mohamed Aujjar inked on behalf of
Morocco government.

Flipkart co-founder, CEO Binny Bansal steps down on - 13th November 2018

Flipkart co-founder Binny Bansal on November 13th, 2018 declared his resignation as the CEO of the group, with immediate effect.
The decision was under lime light following Flipkart and Walmart issued a statement informing the same. The statement explained, "Earlier today, Binny Bansal declared his resignation as CEO of Flipkart Group, with immediate effect. Binny has been an imperative part of Flipkart since co-founding the organisation, but past events risked becoming a distraction and Binny has made a conclusion to step down.”
Now, Kalyan Krishnamurthy will remain as the CEO of Flipkart that now also comprises Myntra and Jabong, which will continue to work as separate platforms within the Flipkart business. 
Further, Ananth Narayanan will remain as the CEO of Myntra and Jabong and will report straight to Kalyan. 
Sameer Nigam will also be the CEO of PhonePe. Both Kalyan and Sameer will report straightway to the board.
Did you know?
Binny Bansal’s conclusion to step down from Flipkart comes less than 6 months after the news of American retailer Walmart buying Flipkart broke in the country.
At the point of sale, Binny had continued while Flipkart’s other co-founder Sachin Bansal finalised to leave the firm.
Both the Bansal owners had detained 5.5% of share each in Flipkart. As a part of Walmart’s condition that it could entertain only single Flipkart founders in the board, Sachin Bansal had resigned, selling his 5.5% share for a little more than Rs 6,700 crore.
Binny Bansal, on the other hand, had reserved his 5.5% share in the firm and remained as the CEO of the
group.
Before Flipkart, both Sachin and Binny worked with Amazon India as software developers but they finalised to leave within a short span of time to initiate something of their own.

World Diabetes Day celebrated on 14 November Worldwide on - 14th November 2018

World Diabetes Day was celebrated every year worldwide on 14th November to spread awareness
about diabetes. Celebrations of the day goals to pursue multilateral efforts to encourage and improve
human health and provide access to healthcare treatment and edification.
The theme for World Diabetes Day 2018-2019 is “The Family and Diabetes”. The 2 years theme
timeframe has been selected to raise awareness of the impression that diabetes has on the family and
support network of those suffered and promote role of family in management, care, prevention and
education of diabetes.

More about Diabetes

• Diabetes is a chronic, progressive and non-communicable disease categorized by increased blood sugar levels.
• It occurs when (1) the pancreas does not secrete enough insulin hormone, which regulates blood
  glucose or (2) the body cannot efficiently utilise the produced insulin.
• Type-1 diabetes occurs when the body doesn’t make enough insulin, and similarly, Type-2 diabetes occurs when the body doesn’t utilise insulin efficiently, causing blood sugar to remain in the blood, which leads to serious issues in human body.
• The main symptoms of diabetes are additional fatigue, frequent urination, dysentery, excessive
  thirst, etc. Diabetes can also be genetic, but its main causes are obesity, lack of adequate nutrition, etc.
• Insulin injections and tablets are given to the patients suffering from Type-1 diabetes. Prevention of
  Type-2 diabetes is quite possible.

Did you know?
The World Diabetes Day was introduced by UN General Assembly in 2007 by fleeting resolution
A/RES/61/225. The resolution had stimulated Member States to develop National policies for
prevention, treatment and diabetes care.

Government to release Rs 75 commemorative coin to mark anniversary of Tricolour hoisting by Bose  on - 13th November 2018

The Union Ministry of Finance on November 13th, 2018 finalised to release Rupees 75 commemorative
coin on the eve of 75th anniversary of the hoisting of Tricolour for the 1st time by Netaji Subhash Chandra Bose at Port Blair.  During his visit to Andaman in on December 30th, 1943, Subhash Chandra Bose hoisted the Tricolour for the 1st time on free India land at Cellular Jail, Port Blair, much before India achieved Independence announcing the island as the free territory from the British rule. 
Important Highlights

• Presently, the place where the flag was hoisted stands as a great memorial, and one of the best places to visit in Andamans. It was constructed by the Andaman Club as a mute testimony of Netaji's visit to the islands.
• Earlier on October 21st, PM Narendra Modi lifted the National Flag at Red Fort and unveiled the plaque to celebrate the 75th Anniversary of the formation of Azad Hind Government, formed by Bose.
  Features of Rs 75 commemorative coin
• The coin will carry the portrait of Netaji Subhash Chandra Bose saluting the flag on the background of cellular jail. 
• A numeral 75th along with inscription ‘anniversary’ will be portrayed below the portrait.
• There will be engraving in both Devanagari script and English saying “First Flag Hoisting Day”.
• The 35gms coin will be made of 50% silver, 40% copper and 5% each of nickel and zinc metals.