DAILY CURRENT AFFAIRS: 4TH FEB 2017

DAILY CURRENT AFFAIRS: 4^TH FEB 2017

(Daily News India)

Shared By: WWW.DailyGk.IN

1. RBI DIRECTS BANKS TO WAIVE OFF TRANSACTIONS CHARGES AND DECREASE INTEREST RATE FOR CREDIT CARDS

i. The Reserve Bank of India has directed banks to waive off transaction charges and lower interest rates on credit cards as a move to encourage digital transaction.

ii. RBI has decided that customers would not be levied any charges by banks and prepaid payment instrument issuers for transactions up to Rs. 1,000 settled on Immediate Payment Service, Unstructured Supplementary Service Data and Unified Payments Interface till March 3, 2017.

iii. It has directed banks to lower the interest on credit card dues. The interest rates are determined by banks with the approval of their respective Board of Directors subject to regulatory guidelines on the interest rate on advances issued by Reserve Bank of India.

iv. Transaction settled on IMPS and UPI above Rs. 1000 would not be levied any fee charge however the service tax will be charged at actual. For USSD transactions above Rs.1000 a further 50 paise discount is provided.

v. Credit card, debit card, charge card and other payment card services by banks have been exempted from payment of service tax for transactions of up to Rs. 2,000.

2. GROSS NPA OF PSBS STRIKES 9.83% IN FY16 AND 11.82% BY SEPTEMBER 2016

i. As per the data released by the Minister of State for Finance Santosh Gangwar in the Lok Sabha, Public Sector Banks witnessed a bad loan at 9.83 % of the gross advances in the financial year 2015-16, while the bad loans for Private sector banks were capped at 2.70 % of the advances.

ii. For the FY16, PSBs had gross advances of Rs. 51, 04, 915 cr. Out of this Rs 5,02,068 cr was categorized as gross non-performing assets which accounts for 9.83%.

iii. In case of the Private sector bank of the total Rs 17,91,681 cr gross advances made in FY16, only Rs 48,380 cr were gross NPA means only 2.70 %.

3. CAG SUMAN SAXENA AND TWO OTHERS APPOINTED AS WHOLE-TIME MEMBERS IN IBBI

i. Former Deputy CAG Suman Saxena, Navrang Saini and Mukulita Vijaywargiya have been appointed as whole-time members for 5 years or till completion of 65 years in Insolvency and Bankruptcy Board of India.

ii. IBBI is mandated to regulate the functioning of insolvency professionals agencies, insolvency professional and information utilities under the Insolvency and Bankruptcy Code.

ii. The Insolvency and Bankruptcy Code, 2016 is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy

4. ANAND KUMAR GUPTA APPOINTED AS DIRECTOR OF NTPC

i. Anand Kumar Gupta has been appointed as director of NTPC for commercial operation.

ii. Anand Gupta will be responsible for the activities relating to international, commercial and domestic business development and consultancy business of NTPC.

iii. He also headed business development department of NTPC and plant operations & maintenance at power stations.

5. VIRAT KOHLI TOPS T20 BATSMAN LIST IN THE LATEST ICC RANKINGS

i. As per the latest ICC Ranking, Virat Kohli is still on the top spot with 799 points. He is followed by Aaron Finch of Australia at 2nd position with 771 points and Glenn Maxwell of Australia is 3rd.

ii. Virat is the only Indian batsman to be raked in top 5 among all formats.

iii. In T20 Team Ranking, India stood at 2nd spot with a rating of 124. New Zealand was 1st and West Indies at 3rd.

iv. Imran Tahir from South Africa was placed 1st in the T20 Bowlers ranking while Jasprit Bumrah was 2nd and Samuel Badree of West Indies 3rd.

6. INTEGRATED UNDERWATER HARBOUR DEFENCE & SURVEILLANCE SYSTEM LAUNCHED IN MUMBAI

i. Vice Admiral Girish Luthra, Flag Officer Commanding- in-Chief, Western Naval Command inaugurated the Integrated Underwater Harbour Defence and Surveillance System in Mumbai.

ii. It has been developed to strengthen Harbour Defence and Security at Mumbai. It will enhance the security of the valuable assets against surface and underwater threat.

iii. IUHDSS has been designed and developed by Israeli Aerospace Industries  ELTA. It consists of integrated radars, sonars and electro-optic cameras.

iv .The sensors have been installed around Mumbai Harbour that would help to monitor and analyze the situational awareness

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. THE GROSS NPAS OF THE PUBLIC SECTOR BANKS WERE ______ PERCENT OF THE GROSS ADVANCES MADE BY THE BANK IN THE FY 16.

a)  8.42 percent

b)  9.83 percent

c)  8.66 percent

d)  9.45 percent

Q2. THE INTEGRATED UNDERWATER HARBOUR DEFENCE AND SURVEILLANCE SYSTEM HAS BEEN LAUNCHED IN WHICH CITY?

a)  Bangaluru

b)  New Delhi

c)  Mumbai

d)  Kochi

Q3. WHICH SPORTSPERSON HAS TOPPED THE T20 BATSMAN LIST IN THE LATEST ICC RANKINGS?

a)  Himachal Pradesh

b)  Rajasthan

c)  Haryana

d)  Gujarat

Q4. WHO HAS BEEN APPOINTED THE NEW DIRECTOR (COMMERCIAL) OF NATIONAL THERMAL POWER CORPORATION LIMITED NTPC?

a)  Ramesh Sobti

b)  Sanjeev Kumar Yadav

c)  Upendra Sinha

d)  Anand Kumar Gupta

Q5. THE RESERVE BANK OF INDIA HAS WAIVED OFF FEE CHARGES FOR TRANSACTION UPTO RS. ______ SETTLED ON IMPS, USSD AND UPI.

a)  Rs.3000

b)  Rs.1000

c)  Rs.2000

d)  Rs.2500

ANSWERS: 

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