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Saturday, February 25, 2017

DAILY CURRENT AFFAIRS: 24TH FEB 2017

DAILY CURRENT AFFAIRS: 24TH FEB 2017
(Daily News India)
Shared By: WWW.DailyGk.IN

1. SIKKIM BECOMES 22ND STATE TO JOIN UDAY
i. India’s 1st fully organic state Sikkim has joined the union government’s Ujwal DISCOM Assurance Yojana as 22nd state.
ii. Upon this decision Sikkim has inked MoU with the union government under the Scheme Ujwal Discom Assurance Yojana for operational improvement of the state’s Power Distribution Department.UDAY.
iii. The MoU will help in improving operational efficiency of the power distribution and reduction in AT&C and transmission losses to 15% and 3.50% respectively, is possibly to bring in added revenue of around Rs 328 cr.

2. INTERNATIONAL AYURVEDIC RESEARCH INSTITUTE PLANNED AT KANNUR
i. Kerala CM Pinarayi Vijayan has decided to set up Ayurvedic research institute and Kerala Blood Bank society of International standards in Kerala during the 13th five year plan.
ii. Ayurvedic research institute will be set up at the cost of Rs 300 cr at Kannur.
iii. It will be set up jointly by Health Department with technical assistance of WHO and Thiruvananthapuram Citizens India Charitable Trust.

3. BRICS SUMMIT’S 1ST SHERPAS MEETING HELD IN CHINA
i. China is hosting the 1st official BRICS Sherpas Meeting in Nanjing -Jiangsu Province under its chairmanship.
ii. The meeting is focusing on the theme of “Stronger Partnership for a Brighter Future” upon considering the current international situation.
iii. This event will see a participation of 100 people including Sherpas, the New Development Bank representatives and diplomatic envoys in China.

4. INDIA’S GDP PROJECTED TO SLOW TO 6.6% POST-DEMONETIZATION: IMF
i .International Monetary Fund come up with India’s growth projection which predicted slow 6.6% in 2016-17 fiscal due to “temporary disruptions” caused by demonetization.
ii. The IMF has noted that demonetization would have only short term impact on the economy and it would bounce back to its expected growth of more than 8% in the next few  IMF announces implementation of long due quota reform years.
iii. The IMF said in its annual country report on India mentioned that growth is projected to slow to 6.6% in FY2016/17, and then rebound to 7.2% in FY2017/18, due to temporary disruptions, primarily to private consumption as a result of cash shortage.


5. MICROSOFT TO DEPLOY AZURE STACK IN ANDHRA PRADESH
i. Technology giant Microsoft CEO Satya Nadella and Andhra Pradesh CM Chandrababu Naidu has signed agreement to utilize Microsoft Azure Stack for AP government state data centre at the ‘Microsoft Future Decoded’ held in Mumbai.
ii. For the 1st time in the world, Microsoft Azure Stack will be used to migrate 340 live applications of AP government from Hyderabad State Data Centre to Vizag data centre.

6. KARNATAKA BANK BAGS TWO AWARDS AT IBA BANKING TECHNOLOGY AWARDS
i. The commerical banking company Karnataka Bank has won two ‘IBA-Banking Technology’ awards in Mumbai.
ii. ‘Best financial inclusion initiatives (small bank)’ category and ‘Best use of digital and channels technology (small bank)’.
iii. The award recognizes and rewards individuals, professionals and banks.
iv. Chief General Manager Mahabaleshwara MS and General Manager Raghavendra Bhat M, received the awards from Viral V Acharya, Deputy Governor of RBI.

7. VISA-AP SIGN MOU TO MAKE VISHAKHAPATNAM ‘LESS-CASH’ CITY
i. The world’s 2nd largest card payment organization Visa has signed a memorandum of understanding with Andhra Pradesh govt. to make Vishakhapatnam as India’s first ‘less-cash’ city.
ii. Its aim is to provide 500 million underserved with a payment account by 2020.
iii. This is the first step to design India’s ‘Fintech Valley’ that will act as a facilitator for information flow.
iv. It will increase customer adoption of electronic payments by 75% to 100%.

8. NATIONAL FOLK FESTIVAL OF KERALA 2017 BEGINS IN THIRUVANANTHAPURAM
i. The National Folk Festival of Kerala has been organized in the capital city Thiruvananthapuram.
ii. The NFFK 2017 has been organised by the state Youth Welfare Board, in association with Bharat Bhavan and the Vyloppilli Samskrithi Bhavan.
iii. Some of the major performances may feature performance by noted Bengal folk music band ‘Sahajiya’ and artists from Kashmir to showcase dance and music programmes.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. WHICH NORTH EAST STATE BECAME 22ND STATE TO JOIN UJWAL DISCOM ASSURANCE YOJANA?
a)  Tripura
b)  Manipur
c)  Assam
d)  Sikkim
Q2. BRICS SUMMIT’S 1ST SHERPAS MEETING HELD IN WHICH COUNTRY?
a)  Brazil
b)  Russia
c)  China
d)  India
Q3. WHICH BANK HAS BAGGED TWO AWARDS AT IBA BANKING TECHNOLOGY AWARDS?
a)  Karnataka Bank
b)  DCB Bank
c)  Bandhan Bank
d)  Dhanlaxmi Bank
Q4. NATIONAL FOLK FESTIVAL OF KERALA 2017 BEGINS IN WHICH CITY?
a)  kollam
b)  Kozhikode
c)  kochi
d)  Thiruvananthapuram
Q5. WHAT IS THE INDIA’S GDP FORECAST FOR FY 17, AS PER LATEST REPORT BY THE INTERNATIONAL MONETARY FUND?
a)  7.0%
b)  6.6%
c)  6.8%
d)  7.2%

ANSWERS:

 1 - D   2 - C    3 - A    4 - D    5 - B

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