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International News

50bps cut on reserve ratio by china
• China’s bank –People’s Bank of China (PBOC) decreased the reserve ratio for banks by 50bps. This move was taken to support China’s economy as economical growths are getting down in other parts of the world.
  Before the announcements on the cuts were made reserve ratio was recorded 21.5%. This is the first such blow on the major monetary loosening by the PBOC since Dec 2008. Not only this the PBOC had earlier raised the RRR 6 times this year and even raised lending limits more than 5 times since the year 2010.The last RRR increase was recorded on June 20th this year.

Unemployment rate drops to 8.6% leading the U.S economy to add 120,000 new jobs
• In the U.S the unemployment rate dropped to 8.6% which lead to the addition of 120000 new jobs all over the country. This percentage was the lowest to be recorded in the last two years as announced by the Department of Labor.
  In October this year the rate was 9%. As the U.S employers added 120000 new jobs this proved to be a significant improvement by the gain of 80000 jobs as compared to last month record.
  Although this is still not a good news because if compared with the past 3 months the economy has added only an average of 114000 net jobs every month which is hardly enough to go by the population growth.
  At present America still have 14 million jobless people, the economy needs to bulk up the job addition by 250,000jobs a month to bring down the unemployment rate substantially.

Ex-Taliban to attend Afghan talks despite US disapproval
• Ex-members of Taliban are going to attend the Bonn conference to be held in Germany for the topic about the future of Afghanistan after the year 2014.
  The Afghan governments list of invitation to the meeting is being viewed as a crucial step to hammer out the country’s future but regarding the invitation to the former members of Taliban the U.S officials have backed out of the meeting.
  The organizations former ambassador to Pakistan Mullah Abdul Salam Zaeef along with other members of the delegation has already reached France to discuss in advance about the agenda of the meeting.
  Regarding the meeting the US ambassador to Afghanistan Ryan Crocker said that there is no place for the involvement of former Taliban members to attend the meeting in order to decide the future of the troubled country.

British PM weighs in on euro-zone changes
• German drive for swift change for the European Union's treaty. This treaty is a sign of the difficulty that the leaders will face while transforming Europe to save the euro. In the meeting both the countries France and Germany are going to decide to reach to a solution of reaching a consensus that states that all euro zone economies are required to be bounded more closely if they want the euro to survive as a single currency. This means that changing the European treaty to give Brussels powers in order to punish spendthrift euro states.

National

Parliament adjourned yet again
• After few minutes proceeding, the opposition and some other parties began their protest against the FDI in retail and firmly demanded that the center takes backs its decision. This chaos and shouting of slogans against the government continued for the next 7 days of the winter session of parliament.
  Apart from demanding rolling back of FDI’s decision other concerns were also being taken into account like demand for separate state of Telangana etc.
  Partis like shiv sena and CPI-M stormed a lot leading the speaker Meera Kumar to adjourn the house session. Similar kinds of scenes were seen in Rajya Sabha with the only difference that the protest began much earlier even before the chairman came.
  All the protesting parties have said that they are protesting against the FDI decision because this will affect the livelihood of the common man which includes farmers and traders.

Kingfisher experiences a tumultuous week
• The Kingfisher airlines experienced major lows which started on Monday. News are rife that Kingfisher’s flight will continue to be cancelled till Dec 15. This is being done as the airline is experiencing major financial problems.
  Following the next day it was reported that the loss had doubled and reached to Rs 469 crore. Following the news of loss the chairman of the airlines Vijay Mallya began his work to control damage. He held up a press conference in Mumbai and reassured its investor about the proper functioning of the airlines as soon as possible.
  Further Mallya said that following the crunch this was not possible to allow flights and that he wasn’t looking for any sort of bailout from the government side and that he has cancelled only those flights that were making losses.

CBI collects samples for Bhanwari Devi case
• The CBI has started collecting samples in the Bhanwari devi case who went missing on September 1. The CBI suspects that Bhanwari devi had been killed in a limekiln and that they are collecting samples from the factory. The CBI has also recovered the vehical that was used in the crime and has been sent for scientific examination.
  One of the officials said that they have collected samples from the limekiln s around Jodhpur as they suspect that they might contain biological samples of the deceased.
  From the seized jeep the crime branch has collected hair strands, a jewelery item that belongs to bhanwari devi, pair of shoes and small and torn pieces of clothes. The crime branch during its investigation has also recorded statement of workers at the limekiln.
  As part of the forensic process the crime branch has also began to collect biological samples of the victims family.

Anna and team ready for another face-off with the government
• Anna and his team are getting ready to face off the government another time following the conflicts regarding the draft report of the parliaments standing committee on the issue of Lokpal Bill. The conflicts aroused after the draft proposed by the standing committee does not included some key points that Anna and his team had demanded earlier.
  Anna in an interview to the media personnel said that the government has once again betrayed the common man and he will again fast for a day long on Dec 11 against the government’s proposed bill and if demands are not met then this fast can continue . Team Anna slammed the report as inadequate and just a joke as the report excluded the lower bureaucracy and citizens’ from the charter.

India to host new world Buddhist body
• In a bid to provide a platform to the Buddhist communities all over he world the first Global Buddhist Congregation has decided to set up a Buddhist world body in India. This was another creater of row between India and Chinese ties.
  The decision to make an organization will help to serve as a single and common platform for Buddhists all over the world was the main highlight of the meeting. And this decision was made after 4 day meeting of heads and Buddhists federation and sanghas as well as institutions from 46 countries.
  The meeting highlighted the point that they need to develop a common platform that will help the Buddhist community to raise their voice untidily and to united response from all of the Buddhist tradition.

Kanimozhi leaves jail and welcomed by people at home
• There were slogans of welcome as soon as she arrived at her house.
  A lot people had gathered to welcome her so much so that every one wanted to escort her to her house on 6th floor and they all went into the lift along with the lady which lead to overloading of the lift so that some MP’s had to come out in order to allow the lift to move.
  Dressed in a pink salwar-kameez kanimozhi spent her first night at her house after spending days in the tihar jail. She was arrested by the CBI on May 20th after her involvement in the telecom scam.
  She even filed many bail petitions earlier but all in vain and finally she was granted bail from the jail. Though she returned to her house but her real homecoming is waiting in her hometown Chennai where her politician father M. Karunanidhi is waiting for the returned of her beloved daughter.

M.K Stalin says that he’s being framed into a false case
• Stating that a false case has been made against him, Dravida Munnetra Kazhagam (DMK) leader and M. Karunanidhi's son MK Stalin stated that he will abide by the law and since he’s innocent he will get justice and will face the interrogation and the false case registered against him boldly.
  The Tamil Nadu State Police has already registered a case against Stalin. The case also includes five other peoples that includes Stalin’s son Udhayanidhi in case of forcing a businessman to sell his property to them.
  Talking to the media people Stalin said that the case had been filed by his arch rivals Tamil Nadu Chief Minster J. Jayalalitha in order to divert attention from the disproportionate asset cases that are filed in Bangalore.
  In his statement to the reporters Stalin said that this was an attempt to malign his image and to divert the attention from the Bangalore cases against Jayalalitha. They were unable to stop the investigation against themselves so they have filed a false case against me”.
He further said that -"This is just a stupid attempt to divert the attention from the Bangalore cases. False cases have been framed against me and my son and all this I had expected this much earlier but it has come so late so I m not bothered by these things at all. My faith lies in justices being served to me.

Sports Current Affairs

Delhi’s half marathon full of all African show
• The 7th half marathon of Delhi was full of an all African show with all the top honors being taken away by the African community. Around 30,000 people came to take part in the worlds most honored and prestigious half marathon braving the Delhi’s winter chills.
  The marathon saw the rise of athletes from the Dark Continent that won many awards both in the men and women’s category. In the men’s category the top 3 honors were given to the players Lelisa Dessia of Ethiopia, Geoffrey Kipsang and Mike Kigen.
  While the winners from the women category were Lucy Kabuu of Kenya who was followed by Sharon Cherop and Aselefech Mergia.

NBA commissioner David Stern refuses to set deadline to cancel the entire 2011-12 season.
• The NBA commissioner David Stern gave a blow by delivering an ultimatum the NBA players’ union further saying that he won’t cancel the 2011-12 season.
  The players union met in New York to discuss a strategy for the session in which the commissioner firmly said that he won’t be setting any date for the cancelation of the 2011-12 seasons. Stern said that- “he won’t say when he would call off the season since they haven’t reached the season yet.”
  The NBA has cancelled many games during the month of November and even more games cancellations are expected to get cancelled. Stern even said that it will take up around 30 more days to make the league functioning.Stern even hinted by saying that if no progress is being made even the Christmas games could be in danger but after the meeting Stern just announced the cancellation of two weeks of finals in November.

Indian athletes threaten to boycott Olympics
• Indian athletes have threatened to boycott next summer Olympics after a sponsorship deal was made with Dow chemical company. This firm had connections with the 1984 Bhopal gas disaster in which around 15000 people died after inhaling poisonous gas that leaked from the Union Carbide Factory.
  The company has a tainted reputation in India following the disaster and the athletes have said that until and unless the sponsorship deal is not rejected within nine days they will boycott the summer Olympics that is to be held in London.
  The withdrawal of athletes from the world’s second largest economy will give a blow to both the Games and the International standing.

Clarke’s Australians to face Acid test on home soil
• Michael Clarke’s group has played just a single match after the team was condemned as the worst team of Australia test lineup. The sign of how Clarke’s team has fallen was proved when they failed to won a test match since 1985. Now to the relief of millions of armchairs selectors – the comeback win to level the series in South Africa has proved fruit full to allow the team to face the next Acid test on their home soil only.
  Clarke scored two win, followed by two losses and two draws and now he is going to his first home as a skipper.