Top 10 Current Affairs 07 November - TopicsExpress

Top 10 Current Affairs 07 November 2013 **************************** 1. Global rating agency Standard & Poor’s has warned of lowering the country’s sovereign rating to ‘speculative’ grade post general elections next year if the new government fails to arrest the falling growth. Currently, the rating is ‘BBB (-)’ which was affirmed on Thursday but with negative outlook. 2. The Reserve Bank of India (RBI) on 6 November 2013 permitted the Wholly Owned Subsidiaries (WOS) of the foreign banks to acquire the domestic private sector banks. RBI also permitted the banks to set up branches anywhere in the country. T he foreign bank subsidiaries have also been allowed to list on the local stock exchanges. Although, they will not be allowed to hold more than 74 percent in the private banks they may acquire. 3. Central Election Commission (CEC) of Tajikistan on 6 November 2013 declared that Imomali Rakhmon was re-elected as the President of Tajikistan. 4. Authorities in the Philippines are bracing for the arrival of Typhoon Haiyan, which is expected to strike central parts of the country tomorrow. Haiyan, a category five storm, is moving towards the South East Asian nation with winds of up to 278 kilometres per hour. 5. The 53rd World FIDE Chess Championship will be formally inaugurated by Tamil Nadu Chief Minister Jayalalithaa at the Jawaharlal Nehru Indoor Stadium in Chennai today. 6. Yogesh Malik resigned as the Chief Executive Officer of Uninor, Norwegian telecom giant Telenor’s India unit on 7 November 2013. 7. 4-day joint Naval exercise ”MALABAR 2013” in Bay of Bengal between US and India, providing an opportunity to advance multinational maritime relationship began today. 8. Russia launched the Olympic torch into space on Thursday, as part of the flame’s journey ahead of the Sochi Winter Olympics. 9. The government today appointed Prem Narain as the Secretary of Overseas Indian Affairs Ministry in place of Rajiv Mehrishi, who is now new Fertilisers Secretary. 10. Minister for Information and Broadcasting Manish Tewari has announced the launch of the 44th International Film Festival of India to he held in Goa later this month.

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