November 2014

Economy

• RBI issued guidelines for licenses to payment banks and small finance banks in private sector.
• RBI issued guidelines for licenses to Bharat Bill Payment System (BBPS). The National Payment Corporation of India (NPCI) is made the nodal body.
• Brent Crude Oil fell to a 4-year low a barrel. OPEC decided not to cut production inspite of fall in the price due to increased availability of shale oil from U.S. OPEC countries didn't wan't to loose their market share by reducing production.
• GDP growth rate in the second quarter : 5.3%.
•  Govt. to withdraw 20:80 scheme and all other restrictions on gold imports.
• Parliament passed the law regarding labour reforms.

Important Events

• 25th anniversary of fall of Berlin Wall that bifurcated Germany into East Germany and West Germany between 1961 to 1989.

Important Persons

• Guru Nanak

• Guru Nanak was the founder of Sikhism
• He is the first of the 10 Sikh Gurus.
• Guru Nanak was born in Nankana Sahib in Pakistan.

•  Rohit Sharma

• Highest Individual Score in ODI Cricket ()

• Jawaharlal Nehru

• Birth Anniversary 14th November
• Celebrated as Children's Day in India
• 2014 is the year of his 125th Birth Anniversary

Important Books

• Playing It My Way - Sachin Tendulkar

Sports

Obituary

• Tapan Raychaudhari, eminent Modern Indian historian passed away.
•  Phillip Hughes, Australian Cricketer passed away due to an injury on the field.