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THE HINDU: TOP NEWS SUMMARY – NOVEMBER 2012Contributed by: Mr. Sumit Yadav, Sr. GK Faculty, Bank POwer

1. From January 1, 2013, cheques which do notconform to CTS-2010 standards would not be

entertained by banks. ‘Cheque Truncation System

(CTS)-2010 standard’ is a set of benchmarks towards

achieving standardisation of cheques issued by

banks across the country. These include provision of

mandatory minimum security features on cheque

forms such as quality of paper, watermark, bank’s

logo in invisible ink, void pantograph and

standardisation of field placements on cheques.

2. India and China held their annual Strategic Economic

Dialogue (SED) in New Delhi.3. Sebastian Vettel of Red Bull wowed the spectators at

the Buddh International Circuit in Greater Noida for

the second successive year. Fernando Alonso of

Ferrari was on second place.

4. The 5th Asian Ministerial Conference on Disaster

Risk Reduction organised by the United Nations

Office for Disaster Risk Reduction (UNISDR) ended in

Indonesia.

5. The Home Ministry cleared the Pakistan cricket

team’s India visit later this year. The tour is set to

begin on December 25 and will feature two T20Internationals and three One-Day Internationals

(ODIs).

6. Centre would launch the National Urban Livelihood

Mission to protect the rights of the street vendors.

7. Petroleum and Natural Gas Ministry has decided to

extend the deadline for filling up the Know Your

Customer (KYC) forms by LPG consumers to

November 30 to enable genuine consumers to avail

of the offer.

8. The Central Reserve Police Force (CRPF) is deploying

the latest technology global positioning system (GPS)and unmanned aerial vehicles (UAVs) to ensure the

safety and security of its troops in field operations,

particularly in Maoist-affected areas.

9. India and the United Kingdom signed a protocol

amending the 1993 bilateral convention on

avoidance of double taxation and prevention of

fiscal evasion related to taxes on income and capital

gains.

10. Cable television in Delhi, Mumbai and Kolkata

switched over from analogue to digital mode at

midnight on October 31.

11. Aishwarya Rai Bachchan will be conferred the Knightof the Order of Arts and Letters by François Richier,

Ambassador of France to India.

12. Finance Minister P. Chidambaram asserted that the

government would contain the fiscal deficit to 5.3

per cent of the GDP (gross domestic product) in the

current fiscal year. Though the Kelkar Committee

has stated that it could be 6.1 per cent.

13. The National Innovation Council (NIC) will present its

second annual “Report to the People 2012” to

President Pranab Mukherjee. The report will be

presented by Sam Pitroda, the NIC Chairman andAdviser to Prime Minister Manmohan Singh.

14. Hurricane Sandy destroyed 70 per cent of the crops

in southern Haiti in USA and caused heavy deaths of

livestock.

15. The winter session of Parliament will begin on

November 22. It is likely to conclude on December

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16. India has decided to take a decisive stand on

Internet governance at a conference being hosted in

Baku, Azerbaijan, from November 6-9. India will bid

to host the Asia Pacific Internet Governance Forum

(IGF) to be held in mid-2013.

17. Veteran Bharatiya Janata Party leader and formerGovernor of Gujarat and Rajasthan Kailashpati

Mishra died at his residence in Patna after prolonged

illness.

18. Prime Minister Manmohan Singh said that the

allocation in the 12th Plan had been fixed at Rs. 3-

lakh crore, which was 1.95 per cent of the Gross

Domestic Product.

19. Free generic drugs would be made available through

public hospitals to help “reduce out-of-pocket

expenditure of the poor” on health.

20.

Rakesh Mohan has assumed charge as ExecutiveDirector on the Board of the International Monetary

Fund (IMF). In addition to India, Dr. Mohan will be

representing Bangladesh, Sri Lanka and Bhutan on

the IMF Board for a three-year term.

21. British government announced halt to further

financial aid to India but said that all existing

commitments until 2015 would be honoured.

22. 6th South Asian Association for Regional

Cooperation (SAARC) Speakers and

Parliamentarians’ Conference held at Islamabad. Lok

Sabha Speaker Meira Kumar participated in thisconference.

23. Advanced Grape Research Station will be established

in Uthamapalayam in Tamil Nadu.. A vegetable

processing centre will be set up in Dindigul.

24. Undergraduate students at the premier Indian

Institutes of Technology could see their annual

tuition fees hiked to Rs. 90,000 next year, after a

committee of IIT directors recommended the 80 per

cent increase. Anil Kakodkar Committee

recommended this hike.

25.

The Telecom Regulatory Authority of India said thatonly 100 SMS a day will be allowed at concessional

rates. For every SMS beyond the cap, a minimum of

50 paise would be charged.

26. Punjab Deputy Chief Minister Sukhbir Singh Badal

led a 45-member delegation of five Cabinet

Ministers, industrialists and traders to Pakistan for

boosting economic ties between the countries.

27. A three-day international conference, ‘Ramanujan

125,’ to mark the 125th birth anniversary

celebration of Srinivasa Ramanujan, began at the

University of Florida in the USA.

28. The Reserve Bank of India said banks could become

members of stock exchanges to undertake

“proprietary transactions” in the corporate bond

market.

29. A seminar on small airports in the Asia-Pacific region

is being organised by Airports Council International

(ACI) in Hyderabad from November 7 to 10 to

discuss the common concerns and interests of smallairport operations, to evaluate their needs,

challenges, latest developments and outlook of the

industry.

30. Union Tourism Minister K. Chiranjeevi announced

“Find What You Seek” campaign in London. In this

campaign Tourists from world over can find the

destination or product of desire in India.

31. Canadian Prime Minister Stephen Harper visited

India. Both sides succeeded in finalising the

mechanism that could lead to Canadian uranium

being shipped to India. The two sides also signed asocial security agreement which had been in the

works for some time.

32. CII’s Autoserve 2012, an exhibition on automotive

care, maintenance, service, parts and garage

equipment, will be held in Chennai from November

16 to 18.

33. Vijayalakshmi Iyer has taken charge as Chairperson

and Managing Director of Bank of India. She replaces

Alok K. Misra, who retired as CMD on September 30,

2012.

34.

Moody’s downgraded Arcelor Mittal’s long-termcredit rating by one notch to Ba1, putting it into

speculative or ‘junk’ territory.

35. Congress president Sonia Gandhi inaugurated the

Rail Coach Factory at Lalganj in her Rae Bareli. Rae

Bareli factory will be the third of its kind facotry

after the Integral Coach Factory, Perambur, Tamil

Nadu, and the Rail Coach Factory, Kapurthala,

Punjab.

36. U.S. President Barack Obama reelected again for

second time for four more years to consolidate his

legacy.37. The Maharashtra government decided to raise the

annual cap on the number of subsidised cooking gas

cylinders per household from six to nine. The

decision will be applicable only to people holding

yellow and saffron ration cards.

38. State Bank of India opened its Kohinoor branch, an

exclusive premium banking centre for the HNIs

equipped with the state-of-the-art technologies and

providing all banking facilities to cater to the elite

customers. This is the second Kohinoor branch of the

SBI in Andhra Pradesh, the first being Kohinoor

Banjara in Hyderabad.

39. Dr. Ami Bera elected to the U.S. House of

Representatives. So far only two Indian-Americans



have been elected to the U.S. House of

Representative - Dalip Singh Saund and Bobby Jindal.

40. The government deferred the 12.5 per cent stake

sale in Nalco, saying the company’s second quarter

financial performance was not reflective of the true

financial position of the aluminum major.41. The Andhra Pradesh High Court set aside the lifetime

ban imposed by the Board of Control for Cricket in

India (BCCI) against Mohd. Azharuddin, former

captain of the Indian cricket team, on charges of

match-fixing.

42. The Centre ruled out extension of the deadline for

enforcing the Right to Education Act beyond March

2013 as several States are yet to achieve the

standards laid down under the Act for school

infrastructure.

43.

BrahMos Aerospace firmed up a contract worth Rs.6,515 crore with the Indian Air Force for

manufacturing the air version of the supersonic

cruise missile, a product of Indo-Russian

collaboration.

44. The Cabinet Committee on Economic Affairs (CCEA)

has approved divestment of 10 per cent equity in

HAL out of its holding on 100 per cent through an

Initial Public Offer (IPO) in the domestic market as

per the SEBI rules and regulations.

45. India took delivery of the fifth Russia-built multirole

stealth frigate INS Tarkash.46. The British tax authorities launched an investigation

into allegations of money laundering against HSBC

which has been accused of opening offshore bank

accounts in Jersey for serious criminals living in

Britain.

47. Chief Minister Oommen Chandy said that the

payment of ration subsidies to APL cardholders

through banks would begin from January next year.

48. Anti-corruption campaigner Anna Hazare announced

that he would launch a national campaign against

corruption on January 30, 2013, death anniversary of Mahatma Gandhi. Social activist Anna Hazare

threatened to go on another fast if the government

fails to pass a strong Lokpal Bill before the 2014

general elections. Mr. Hazare would inaugurate his

new office at Sarvodaya Enclave in south Delhi.

49. Mr. Nitish Kumar was on weeklong visit of Pakistan.

50. Mr. Karzai was in Mumbai to assure Indian business

leaders that Afghanistan was lucrative and safe for

investment.

51. The United Nations has declared November 10 as

'Malala Day' in honour of Pakistani teenage rights

activist Malala Yousafzai, who was shot in the head

by the Taliban last month for campaigning for girls'

education.

52. The government is considering a proposal to make

the Comptroller and Auditor General (CAG) a

multimember body. Shunglu panel’s suggestion to

make changes in the CAG is under active

consideration.

53. The advanced version of low-cost tablet Aakash waslaunched by President Pranab Mukherjee. Coming at

a price tag of Rs. 1,130 for students, the new version

‘Aakash 2’ is now powered by a processor running at

1 GHz, has a 512 MB, a 7-inch capacitative touch

screen and a battery working for three hours of

normal operations.

54. A great-grandson of Mahatma Gandhi Shanti Gandhi

has been elected to a State Assembly in the United

States during the general elections held on

November 6.

55.

The Petroleum and Natural Gas Ministry haslaunched “Project Lakshya” to reduce waiting time

for delivery of LPG cylinders and track duplicate

connections.

56. The second Indian Biodiversity Congress (IBC)

scheduled to be held in Bangalore in December.

57. Retail inflation CPI rose to 9.75 percent in the month

of October 2012

58. The 1991 Nobel Peace Prize winner and Myanmar’s

opposition leader Aung San Suu Kyi arrived in India

after a gap of nearly four decades as part of New

Delhi’s ongoing engagement with the democraticand multi-party polity in Myanmar.

59. United States President Barack Obama has invited

three Indian-Americans, including PepsiCo Chief

Executive Officer Indra Nooyi, as part of his wider

consultations with leaders from business, labour,

civic community and Congress on the current

economic crisis.

60. Four Indian naval submarines took part in the Indo-

U.S. exercise, Indiaex-2012, held off Goa early this

month where the compatibility of the submarine

rescue system of the U.S. Navy with Indian Navysubmarines was tested for the first time.

61. Prime Minister Manmohan Singh has postponed his

three-day visit to Japan. Later Japanese Prime

Minister Yoshihiko Noda dissolved the Lower House

of Parliament paving the way for elections. Elections

were set for December 16.

62. The Communist Party of China (CPC) selected a new

Central Committee, marking the end of Hu Jintao’s

10-year term as General Secretary. The CPC

concluded its once-in-five year National Congress to

choose the party’s 18th Central Committee. It will

remain in power until 2017.

63. Inflation on Wholesale Price Index (WPI) declined

marginally to 7.45 per cent in October.



64. The 2G spectrum auctions ended flat with nearly half

the spectrum seeing no bids and the government

winning revenues of only Rs. 9,407.64 crore, instead

of the Rs. 40,000 crore revenue targets.

65. The Protection of Children from Sexual Offences Act,

2012 came into force this month. Under the Act, achild is defined as any person below the age of 18

and is gender-neutral.

66. Oman, the biggest egg-export market for India, has

once again passed an official decree banning import

of eggs and chicken from India.

67. Congress Rahul Gandhi will lead the party’s

campaign in the next general elections in 2014. Mr.

Gandhi will head a high-power, five-man Election Co-

ordination Committee to oversee all party activities.

68. Xi Jinping was pronounced the General Secretary of

the Communist Party of China (CPC) and the head of the party’s Central Military Commission.

69. Europe slipped into recession for the second time in

three years. The Eurozone’s economic output

further fell by 0.1 per cent in the third quarter.

These economies had already registered a 0.2 per

cent drop in the second quarter.

70. Public sector banks (PSBs) will hire 63,200 persons in

the current financial year, Finance Minister P.

Chidambaram said. The country’s largest bank SBI

will alone recruit 20,000 clerical staff and 1,200

officer level employees. There were 84,489vacancies at various levels in state-owned banks at

the end of the last financial year.

71. Union Home Minister Sushilkumar Shinde claimed

that the government had information of terror

groups investing money in the Indian stock market.

72. The ruling Samajwadi Party (SP) in Uttar Pradesh

took the lead in announcing candidates for the 2014

Lok Sabha election.

73. 43rd Union World Conference on Lung Health will be

held at Kuala Lumpur, Malaysia.

74.

The firing of an Iran-made Fajr-5 missile by a Gazabased Palestinian group triggered conflict between

Palestinian and Israel. After a week of heavy

violence, Israel and the Hamas agreed to a ceasefire.

75. Mr. Chidambaram asked the RBI to finalise the

guidelines for new bank licences and start accepting

applications for the same pending passage of the

Banking Laws (Amendment) Bill.

76. The Petroleum and Natural Gas Ministry is

considering allowing portability of LPG connections

among the three oil marketing companies.

77. Shiv Sena chief Bal Thackeray passed away on 17

November.

78. The Chinese film 11 Flowers won the Network for

the Promotion of Asian Cinema (NETPAC) Award at

the 18th Kolkata International Film Festival in

Kolkata. It won the best film award in the Asian

Select category. This film is Directed by Wang

Xiaoshuai.

79. Freedom fighter and Gandhian C. Bandi Gowda who

participated in the Quit India movement, died.80. Amendments to the General Anti-Avoidance Rules

(GAAR), the controversial law against tax avoidance

through foreign investments, have been finalised,

Union Finance Minister P. Chidambaram said. Earlier

the government appointed a committee headed by

tax expert Parthasarthi Shome to look into their

concerns.

81. Prime Minister Manmohan Singh arrived phnom

penh in Cambodia to attend ASEAN summit. Apart

from attending the India-ASEAN summit and the

East Asia Summit (10 ASEAN members - plus eightdialogue partners), Dr. Singh is expected to hold

half-a-dozen bilateral meetings including one with

Mr. Wen Jiabao.

82. National Security Adviser Shivshankar Menon will

travel China to discuss Border dispute issue.

83. 43rd

International Film Festival of India (IFFI) started

in Panaji.

84. The Himachal Pradesh Power Corporation and the

Asian Development Bank signed a loan agreement of

US $ 315 million for executing the 450-MW

Shongtong Karcham Hydro Electric Project.85. A K-15 missile was successfully launched from a

pontoon off the Visakhapatnam coast with a range

of 700 Km.

86. President Barack Obama visited Myanmar and met

with Aung San Suu Kyi at the home Yangon where

she was long locked up.

87. The Developing Eight Organization (D-8) successfully

held its 8th Summit from 19-22 November 2012 in

Islamabad, Pakistan. It consists of

Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria

, Pakistan and Turkey.88. The Reserve Bank of India (RBI) directed banks not

to give loans for purchase of gold in any form,

including primary gold, bullion and jewellery

89. Madhya Pradesh Chief Minister Shivraj Singh

Chouhan has said those who indulge in eve-teasing

will not get driving licence, passport and other

government facilities.

90. Twelve alleged Khalistani militants were sentenced

to 10 years in jail for looting Rs.5.7 crore from a

currency chest of Reserve Bank of India in Punjab

National Bank dacoity case of 1987 in Ludhiana.

91. Nepal’s Maoist-led government announced

Constituent Assembly (CA) elections for Baisakh (first



month in the calendar), between mid-April and mid-

May 2013.

92. A record 110 countries backed a resolution in U.N.

General Assembly for abolition of the death penalty.

93. The Foreign Investment Promotion Board (FIPB)

cleared Swedish furniture major IKEA’s Rs.10,500-crore project, the largest foreign direct investment

(FDI) in single-brand retail so far.

94. Mohammed Ajmal Amir Kasab, the lone surviving

gunman of the 26/11 Mumbai terror attacks, was

hanged in Pune’s Yerwada Central Jail on 21

November. This mission codenamed ‘X’.

95. B.K. Chaturvedi Committee set up for suggesting

measures for restructuring Hindustan Aeronautics

Ltd.

96. Ore Team, a steel and steel-making commodities

research house, will organise a two-day internationalconference on iron ore mining industry in Hyderabad

on December 13 and 14.

97. Nuthaki Priyanka in Vijayawada won the World

Under-10 chess championship in Slovenia.

98. More than 190 countries will meet for two weeks in

Qatar seeking to draft a work programme leading to

a new global climate deal to be signed by 2015 and

enter into force by 2020. It will replace Kyoto

Protocol.

99. The Government extended the term of Reserve Bank

Deputy Governor Subir Gokarn till December 31,2012.

100. On the action-packed first day of the winter session

of Parliament, the Trinamool Congress’s attempt to

bring a no-confidence motion against the UPA

government in the Lok Sabha failed.

101. Mr. Kapil Sibal recently led an Indian delegation to

Baku, Azerbaijan for International conference on

Internet Governance Forum.

102. Senior IPS officer Ranjit Sinha was appointed the

next Director of the Central Bureau of Investigation

on a two-year term.103. The government cleared the National

Pharmaceutical Pricing Policy that will bring 348

essential drugs under price control.

104. Lula da Silva, the former President of Brazil, was

conferred the Indira Gandhi Prize for Peace,

Disarmament and Development for 2010.

105. Irish President Michael D Higgins came out in

support of the demand of Savita Halappanavar’s

family for an independent inquiry into her death.

Savita Halappanavar died in Ireland on October 28

after doctors refused to terminate her miscarriage

pregnancy on the ground that Ireland is a Catholic

Country.

106. Tony Hall was appointed the BBC’s Director-General.


approved sale of 9.5 per cent government stake out

of its holding of 84.50 per cent in NTPC.

108. Islamic banking is not permissible under existing

rules, RBI Governor D. Subbarao said.

109. DRDO shot down an electronically simulated“enemy” missile and a real attacker missile with an

actual interceptor in Wheeler Island, off the Odisha

coast.

110. Indian and Maldivian armies were in Belgaum to

review the fourth Indo-Maldives joint military

training exercise EKUVERIN-12.


had approved disinvestment of 9.59 per cent of

Hindustan Copper Limited (HCL) through the stock

exchange mechanism of OFS (offer for sale).

112. Standard and Poor’s held to a downgraded AA+rating for France, and said the outlook remained

negative, four days after Moody’s cut its top rating

for the country by one notch.

113. Anti-corruption activist Arvind Kejriwal launched

“Aam Aadmi Party”. Arvind Kejriwal was elected

national convener of his newly formed ‘Aam Aadmi

Party’.

114. A proposal to set up a long-range missile launch

facility at Machilipatnam in Krishna district of

Andhra Pradesh in the advanced stages.

115. Direct cash transfer of subsidies through theAadhaar card will be rolled out in 51 districts across

15 States from January 1, 2013 announced. The

scheme would aim to cover the entire country by

the end of 2013, he said.

116. Sierra Leone’s President Ernest Bai Koroma

reelected with 58 per cent of votes.

117. Annual banking conference “Bancon-2012” was

inaugurated by Finance minister P. Chidambaram in

Pune.

118. Ram Jethmalani was expelled from BJP Party.

119. The Prime Minister-headed AppointmentsCommittee of Cabinet (ACC) has cleared the names

of Syed Asif Ibrahim for Director of Intelligence

Bureau for two years.

120. Alok Joshi was appointed as heads of Research &

Analysis Wing (RAW).

121. South Korean pop sensation PSY’s “Gangnam Style”

became YouTube’s most-watched video of all time,

registering more than 803 million views. His real

name is Park Jae-Sang.

122. The Supreme Court suggested that the Chief

Ministers of Tamil Nadu and Karnataka meet to find

a political solution to the Cauvery dispute in the

interests of farmers.



123. World Conference on International

Telecommunications 2012 (WCIT) held at Dubai.

Telecom Minister Kapil Sibal participated in this

conference.

124. The delivery of aircraft carrier INS Vikramaditya from

Russia had been further delayed to the last quarterof 2013

125. Sudhir Chaudhary and Samir Ahluwalia, editors of

Zee News and Zee Business respectively, were

arrested on charges of extortion. The case were filed

by Naveen Jindal chairman of jindal Steel & Power

Ltd. (JSPL)

126. The Ashok Kumar Committee examined ways to

make air travel hassle-free for persons with

disabilities.

127. Gold prices surpassed all previous highs to set a new

record of Rs. 32,975 per 10 grams on demand fromretailers for the peak marriage season.

128. The month-long Sonepur mela, Asia’s biggest cattle

fair started at Sonepur in Saran district in Bihar.

129. Sri Lanka’s first satellite which was developed by a

private company SupremeSAT, was launched into

space from western China by a state-run Chinese

firm.

130. Rating agency Moody’s pegged India’s credit outlook

as ‘stable’ on account of its strong economic growth

and high savings and investment rates but cautioned

against the challenges of high fiscal deficit andpersistent inflationary pressure facing the economy.

131. Economic growth has slumped to a 10-year low in

the second quarter of the current fiscal to 5.3 per

cent in the quarter ending September 2012, lower

than the 5.5 per growth in gross domestic product

(GDP) clocked in the first quarter.

132. Driven by coal and petroleum refinery, eight core

sector industries registered eight-month high growth

of 6.5 per cent in October.

133. The government has raised Rs 932 crore through

disinvestment in PSUs during the current fiscal and isworking towards achieving the Rs 30,000 crore

target set for the year.

134. Uttar Pradesh had the highest number of poor

population at 7.37 crore, followed by Bihar and

Maharashtra in 2009-10.

135. Bihar has been the top performer among the major

states in terms of economic growth during the 11th

Five Year Plan. Only Sikkim and Goa, which are much

smaller in size than Bihar, have performed better

than Bihar. The worst performers include Jharkhand.

136. Organisation for Economic Co-operation and

Development (OECD) estimated India growth rate

for current fiscal year 4.4 per cent

137. India will receive record $70 billion remittances in

the year 2012 according to World Bank report

138. According to the 2013 Global ManufacturingCompetitiveness Index India is likely to emerge as

the second most competitive economy in the world

after China in terms of manufacturing in the next

five years.

139. A person may face criminal proceedings if a cheque

issued by him gets dishonoured on the ground that

his signature does not match the specimen signature

available with the bank, the Supreme Court has said.

140. A proposed acquisition by global banking giant HSBC

of another UK-based bank RBS' Indian retail and

commercial banking business has failed to fructify141. The Delhi government will launch the first direct

cash transfer scheme for food security — Dilli

Annashree Yojana — on December 15.

142. The Reserve Bank plans to gradually replace all Rs 10

bank notes with coins as life of the paper note is

very short.

143. ICICI Bank MD and CEO Chanda Kochhar has been

named as the most powerful women in business in

India for the second consecutive year In the Fortune

list of 50 most powerful businesswomen.

144. Australian Westpac Banking Corp said it has openedits first branch in India that will offer wholesale and

retail banking services in Mumbai. Westpac has

operated in India through its representative office

since 2007, and was awarded a banking licence by

the Reserve Bank of India in April.

145. Kerala-based Muthoot Finance Ltd said it has tied up

with Pension Fund Regulatory and Development

Authority (PFRDA) to act as a service provider for the

National pension scheme.

146. The National Payments Corporation (NPCI) said the

banking system has reached a landmark of 1 lakhATMs (automated teller machines) at the end of

October.

147. Mastercard in Singapore has launched a new credit

card that has an LCD display and built-in keyboard.

148. A comprehensive international trade fair and

conference on textiles and apparel, “Vastra-2012”,

will be organised at the Export Promotion Industrial

Park at Sitapura in Uttar pradesh.

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