Current Affairs – November 18, 2020 [Today’s News Headlines]

November 18, 2020

Here are Today’s News Headlines by for November 18, 2020

India

Malabar Exercise: Second Phase begins

On November 17, 2020 the Navies of India, Australia, US and Japan participated in the second phase of Malabar exercises. The largest aircraft warship of the world USS Nimitz also participated in the exercise.

Economy & Corporate

RBI puts Lakshmi Vilas Bank under moratorium, withdrawals capped

On November 17, 2020, the Reserve Bank of India, put Lakshmi Vilas Bank under a moratorium. Also, the apex bank has capped customer withdrawals at Rs 25,000. This is to be in force till December 16

Kris Gopalakrishnan appointed as chairman of Reserve Bank Innovation Hub

On November 17, 2020, RBI appointed Kris Gopalakrishnan, co-founder and former co-chairman of Infosys, as the chairperson of Reserve Bank Innovation Hub. The aim of the hub is to create an eco-system that will promote access to financial services and products.

L&T delivers Booster Segment of Gaganyaan to ISRO

On November 18, 2020 Larsen and Toubro delivered the first hardware of Gaganyaan Mission to the Indian Space Research Organization.

PM delivers address at third Annual Bloomberg New Economy Forum

On November 17, 2020, Prime Minister Narendra Modi addressed the New Economy Forum. The forum aims to build community of leaders engaged to build actionable solutions.

World

UN launches “Team Halo” to counter misinformation around Covid-19 vaccines

The UN launched “Team Halo” in collaboration with “The Vaccine Confidence Project” at the University of London. The initiative aims to counter the misinformation around Covid-19 vaccines.

India attends 12^th BRICS summit held virtually

On November 17, 2020, the 12^th BRICS Summit was held under the theme ‘BRICS Partnership for Global Stability, Shared Security and Innovative Growth’.