November 18, 2019


  1. Chit Funds (Amendment) Bill, 2019 tabled in Lok Sabha
  • The Chit Funds (Amendment) Bill, 2019 was moved in Lok Sabha on November 18, 2019, for consideration.
  • The Bill seeks to amend the Chit Funds Act of 1982.
  • The Act regulates the chit funds and prohibits the creation of a fund without the sanction of a state government.
  • The Bill specifies several names which may refer to a chit fund.
  1. NITI Aayog releases report on Health System for New India: Building Blocks
  • A report titled “Health System for a New India: Building Blocks” was released by NITI Aayog Vice-Chairman Dr Rajiv Kumar on November 18, 2019.
  • The report was released in the presence of philanthropist Bill Gates.
  • The report presents various strategic choices available to India for boosting its health system.
  1. The 250th session of Rajya Sabha commenced on 18 November
  • The 250th session of Rajya Sabha is to commence on 18 November 2019.
  • As a part of the observation, Chairman M Venkaiah Naidu released a publication that details the journey of the upper house since its first sitting in May 1952.

Publication on the journey of RS:

♦ The publication is of 118 pages with 29 chapters. It is expected to serve as a ready reckoner on the history of Rajya Sabha.


  1. Yogi Adityanath inaugurates North India’s 1st sugar mill which will produce ethanol
  • Uttar Pradesh Chief Minister Yogi Adityanath has inaugurated North India’s first sugar mill which will produce ethanol direct from sugarcane.
  • The mill was inaugurated in Pipraich area of Gorakhpur, which is a unit of Uttar Pradesh Sugar and Sugarcane Development Corporation Limited.
  • The mills, which previously produced around 8,000 quintals of sugar, will now produce more than 50,000 quintals of sugar every day.


  1. Indra Nooyi inducted into the Smithsonians National Portrait Gallery
  • Former Pepsico head Indra Nooyi was inducted into the Smithsonian’s National Portrait Gallery along with Amazon CEO Jeff Bezos.
  • They were recognized for their accomplishments that impacted America’s shared history, development, and culture.
  • Indra Nooyi: In 2006, Indra Nooyi became the first woman to helm the global food and beverage giant PepsiCo. On 2 October 2018, she stepped down as PepsiCo’s CEO after 24 years with the company.

Banking & Finance

  1. ADB, India sign USD 91 Million Loan for Water Management in Karnataka
  • The Asian Development Bank (ADB) and India on November 18, 2019 signed a USD 91 million loan agreement to renovate the Vijayanagara Channel irrigation systems in Karnataka.
  • The project aims to prepare river basin management plan for the Krishna river basin to improve the efficiency of irrigation water.
  • This funding will help the Government in the modernization of over 440 kilometres of major and minor distributaries and canals.


  1. Korea’s Kim Joo Hyung wins Panasonic Open
  • South Korea’s Kim Joo Hyung has won the Panasonic Open held at the Classic Golf and Country Club in Gurugram, India.
  • India’s Shiv Kapur finished tied runner-up with S. Chikkarangappa.
  • The victory has made Hyung the second-youngest winner behind Thailand’s Chinnarat Phadugsil on the Tour at 17 years and 149 days.
  1. Harmeet Desai claims Indonesia Open TT Championship
  • Indian paddler Harmeet Desai wins men’s singles title at International Table Tennis Federation (ITTF) Challenge Indonesia Open 2019 Table Tennis tournament held at Batam, Indonesia.
  • Harmeet had defeated compatriot Amalraj Anthony by 11-9, 9-11, 11-9, 11-9, 10-12, 11-9 score.
  1. Sarita Devi elected as member of AIBA athletes commission
  • Laishram Sarita Devi (Manipur) is among the 6 boxers from 5 continents who were elected as members of AIBA Athletes Commission.
  • She was inspired by Muhammad Ali’s achievements and turned professional in boxing in the year 2000. She is DSP in Manipur Police.
  • The election of the Athletes Commission members was organized during AIBA Men and Women World Boxing Championships 2019 in Russia.
  • Boxers from all over the world voted for new members – one per continent, except Europe which has two representatives.

Appointment & Resignation

  1. HRD Ministry constitutes a committee for restoration of normal functioning in JNU
  • The Union Ministry of Human Resource Development on November 18, 2019, constituted a 3-member committee to recommend ways for the restoration of normal functioning at Jawaharlal Nehru University.
  • The members of the committee are former UGC Chairman VS Chauhan, UGC Secretary Rajnish Jain and AICTE chairman Anil Sahasrabudhe.
  • The committee will advise the JNU administration for quick resolution of controversial issues.
  • For this purpose, the committee will hold dialogue with the students and JNU administration.
  1. Reliance Communications Chairman Anil Ambani & four directors resign from their posts
  • Chairman Anil Ambani and 4 other directors resigned from Reliance Communications, amidst the insolvency process of the company.
  • RCom displayed a consolidated loss of Rs 30,142 crore in July-September 2019 quarter.
  • This was the second-highest loss posted by any Indian company till date.
February 2, 2020

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