Current Affairs of 2 Nov

Supreme Court Open for Tour - The Supreme Court has opened its doors for guided tours. Chief Justice of India Ranjan Gogoi launched the project. The tours are free of charge and will be conducted between 10 a.m. and 1 p.m. every Saturday, except on declared holidays. 

More Sanction of Iran - The Trump administration on November 2 announced the reimposition of all U.S. sanctions on Iran that had been lifted under the 2015 nuclear deal. The sanctions will take effect on November 5 and cover Iran’s shipping, financial and energy sectors. With limited exceptions, the sanctions will penalise countries that don’t stop importing Iranian oil and foreign companies that do business with blacklisted Iranian entities. Eight nations such as Italy, India, Japan and South Korea, will receive temporary waivers allowing them to continue to import Iranian petroleum products for a limited period. 

Meeting on Climate Changes - Ahead of the December climate talks in Katowice, Poland, India is hosting two key meetings in New Delhi with a group of countries called the LMDC, the ‘Like Minded Developing Countries’ (India, China, Venezuela and Iran) and BASIC (Brazil, South Africa, India, China), which are networks that have been formed to lend weight to the concerns of the developing countries.

Norms For IPO Revised - The Securities and Exchange Board of India (SEBI) has initiated the process to reduce the timeline for public issues from the current six days to three days in a phased manner by making it mandatory for intermediaries to provide retail investors the option of bidding through the Unified Payments Interface (UPI).

Norms for H-1B Visa Revised - United States has introduced a new set of stringent provisions that will make it tougher for employers to sponsor foreign workers. The new norm, introduced in H-1B labour application process, makes it mandatory for US employers to disclose the total number of non-Americans employed by them and required to get its labour application approved by the Department of Labour before sponsoring a foreign worker.

Easy Loan For MSME - Prime Minister Narendra Modi announced that all GST-registered Micro, Small and Medium Enterprises (MSME) can now avail a loan of up to Rs 1 crore in just 59 minutes. Also, GST-registered MSMEs will get two per cent interest subvention or rebate on an incremental loan of up to Rs 1 crore.

BeiDou-3 Launched - China successfully launched a high orbit satellite BeiDou-3 to boost BeiDou global satellite navigation system being built to rival United States Global Position System (GPS). The satellite was launched from the Xichang Satellite Launch Centre in the southwestern Sichuan Province.

Last Date For NRC Extended - The Supreme Court allowed more than 40 lakh people left out of the draft National Register of Citizens (NRC) in Assam to use five additional documents, including the ration card, to claim their Indian legacy. Consequently, the court extended the last date for filing of claims and objections from November 25 to December 15.

Union Cabinet Decision
# Cabinet approved the Agreement between India and Morocco on Mutual Legal Assistance in Criminal Matters.
# Cabinet approved renaming of Jharsuguda Airport, Odisha as “Veer Surendra Sai Airport, Jharsuguda” Veer Surendra Sai is a well-known freedom fighter of Odisha.
# Cabinet was apprised of the two agreements between India and Russia - Transport and Railways
# Cabinet approved the signing of a Memorandum of Understanding (MoU) between India and Korea for strengthening cooperation in the field of Tourism.
# Cabinet approved for moving a Resolution in the first Assembly of the International Solar Alliance (ISA) for amending the Framework Agreement of the ISA for opening up the ISA membership to all countries that are members of the United Nations.

Norms for Foreign Worker Eased - Japan's Cabinet approved a draft bill to bring more blue-collar foreign workers into the country to address chronic labour shortages. The bill would allow foreign nationals with skills in sectors facing particularly severe shortages to obtain five-year visas, which would not allow them to bring their families. 

Clean Air Campaign - A ten day long Clean Air Campaign from November 1- 10, 2018 was launched in Delhi by Union Environment Minister Harsh Vardhan. To monitor and report polluting activities as well as to ensure quick action, 52 teams were jointly flagged off.