News Note-25.11.2017

News Notes-25.11.2017

Deadly Terrorist Attack on Egypt Mosque kills 235:

v  At least 235 worshippers were killed and 109 others injured when heavily-armed militants bombed a mosque and opened fire on people attending Friday prayers in

v  Egypt's North Sinai region, in the deadliest terror attack ever in the country.

v  The target of the attack was Al-Rowda mosque in Al-Arish city during the Friday prayers.

v  India's Ambassador to Egypt Sanjay Bhattacharyya condemned the attack as "mindless violence" which he said "overtook sanity and held humanity hostage".

S&P Keeps India’s Rating Unchanged:

v  Standard & Poor Global Ratings retained its BBB- (Tripple B Minus) rating for India’s sovereign with a ‘stable’ outlook on Friday.

v  It’s contrary to the expectations that it may take a cue from rival Moody’s Investor Services which upgraded the country’s credit rating last week for the first time in 13 years.

v  Despite one-off factors like demonetisation and the introduction of the Goods and Services Tax denting growth for two quarters, S&P expects India’s economy to grow robustly from 2018-20 with robust foreign exchange reserves rising further.

v  However, the rating agency cited India’s low per capita income, the sizable fiscal deficit and high general government debt as factors that weigh down the country’s credit profile and re-iterated its BBB- rating on India with a stable outlook indicating that the rating is unlikely to see a change in the near future.

v  A BBB- rating denotes the lowest investment grade rating for bonds

SBI launches “YONO”:

v  State Bank of India, the country’s largest public sector bank, has launched a unified integrated app called YONO (You Need Only One) that would offer all kinds of financial and lifestyle products.

v  The omni-channel platform will allow customers to meet their lifestyle needs across 14 categories from booking cabs to paying for medical needs -- all under one roof.

v  For this, the bank has partnered with 60 e-commerce players, including Amazon, Ola, Flipkart, Yatra, Swiggy and BYJU’s. Offline players such as Thomas Cook, Shoppers Stop and Cox and Kings are also part of the SBI partnership.

v  Rajnish Kumar, SBI Chairman, said during a conference here today that the portal has been designed to offer maximum customer convenience and that the product has been developed by SBI using artificial intelligence, predictive analysis and machine learning. It can be accessed through both Android and IOS platforms.

International Gita Mahotsav-2017:

v  The President of India, Shri Ram Nath Kovind, will inaugurate the International Gita Mahotsava-2017 tomorrow (November 25, 2017) in Kurukshetra, Haryana.  

v  The Mahotsav is celebrated to commemorate the birth of ‘Srimad Bhagwat Gita’, the sacred scripture containing invaluable advice of Lord Krishna that he proffered to Arjuna, the third Pandava in the battlefield of Kurukshetra on the first day of the famous 18-day battle in the Mahabharata.

Volcano Mount Agung Erupts in Indonesia:

v  Mount Agung volcano spewed ash and stream on the Indonesian island of Bali on Tuesday, its first eruption since 1963.

v  In 1963 the eruption claimed at least 1600 lives.

World Badminton Championship-2019 to be held in Basel, Switzerland:

v  Basel in Switzerland has won the bid to host the World Badminton Championship and also the World Para- Badminton Championship for the year 2019.

v  The BWF World Championships (formerly known as IBF World Championships, also known as the World Badminton Championships) is a badminton tournament sanctioned by Badminton World Federation (BWF). 

About the Tournament:

v  The tournament started in 1977 and was held once every three years until 1983. However, the IBF (International Badminton Federation) faced difficulty in hosting the first two events as the World Badminton Federation (which later merged with the IBF to form one badminton federation) hosted the same tournament a year after the IBF World Championships with the same goals.

v  Started 1985, the tournament became biennial and played once every two years until 2005.

v  Starting 2006, the tournament was changed to an annual event on the BWF calendar with the goal to give more chances for the players to be crowned as official "World Champions". However, the tournament will not be held once every four years to give way to the Summer Olympic Games.

Host Cities and Countries since 2010:

2010

18th

Paris

 France

2011

19th

London

 England

2013

20th

Guangzhou

 China

2014

21st

Copenhagen

 Denmark

2015

22nd

Jakarta

 Indonesia

2017

23rd

Glasgow

 Scotland

2018

24th

Nanjing

 China

2019

25th

Basel

  Switzerland

 

 

 

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