Current Affairs – November, 2013

Latest Current Affairs November, 2013 with Current Affairs, news summary on current events of National and International importance of November, 2013 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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RBI opens Rs 5,000 crore refinance facility for MSME

In a bid to ease liquidity to Micro and Small Enterprises (MSME) sector, the RBI has extended a Rs 5,000 crore refinance window for a period of one year for the sector. The refinance will be provided to the Small Industrial Development Bank of India (SIDBI) to channelize it as direct liquidity support to finance receivables, including export receivable, to MSMEs.

Why RBI has taken this liquidity support measure?

The RBI has introduced this liquidity support in view of the slowdown in the economy which has resulted in liquidity tightness in a large number of MSMEs in the manufacturing and services sector, particularly due to delayed settlement of receivables from large corporate, public sector undertakings and government departments.

Nobel laureate Doris Lessing passed away

Screenshot_2Doris Lessing (94), one of the UK’s most-influential writer and a Nobel Literature laureate passed away.

Doris Lessing:

Born: October 22, 1919, in Kermanshah, Iran
British novelist, poet, playwright, librettist, biographer and short story writer.
Authored more than 80 books, including poetry, two operas, short stories, plays and non-fiction.
She is best-known for ‘The Golden Notebook’.
Other illustrious works: The Grass is Singing (her first novel), the sequence of five novels collectively called Children of Violence, The Golden Notebook , The Good Terrorist , and five novels collectively known as Canopus in Argos.

Awards and Honors:

In 2001, Lessing was awarded the David Cohen Prize for a lifetime’s achievement in British literature.  The Swedish Academy awarded her the 2007 Nobel Prize in Literature.