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Thursday, August 10, 2017

DAILY CURRENT AFFAIRS: 8 AUG 2017

DAILY CURRENT AFFAIRS: 8 AUG 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. GOVT MERGES NCRB WITH BPRD
i. Union Home Ministry passed an order to merge the three-decade old National Crime Records Bureau with Bureau of Police Research and Development.
ii. Government has taken this decision with an aim to improve administrative efficiency and optimal utilisation of resources.
iii. The BPRD Director General will be the head of the merged new entity, where the NCRB Director, an Additional DG rank post will report to the former.

2. PNB CUSTOMERS TO PAY HIGHER CHARGES FOR NON-CREDIT SERVICES
i. PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.
ii. Currently, the customers of Punjab National Bank are levied charges only for depositing cash over Rs 25,000 at a non-base branch within the same city. A customer will have to pay Re 1 per Rs 1,000 for above Rs 5,000 cash deposit or part thereof with a minimum of Rs 25 per transaction.
iii. It has been decided to revise the non-credit related charges exclusive of GST with effect from 1st of September 2017 for cash deposit above Rs 5,000 at other than base branch within the same city.
iv. The bank has also revised upwards the cheque returning charges for a payment of above Rs 1 cr to Rs 2,000 for first cheque and Rs 2,500 for subsequent bounces.
v. Currently, for a cheque returns of above Rs 1 cr, the charges are Rs 1,000 for first cheque and Rs 1,500 for subsequent instances.
vi .At an outstation branch, cash deposit up to Rs 5,000 will be free of cost from 1st of September, which at present is limited for Rs 25,000. For above Rs 5,000 cash deposit at outstation branch, the bank will levy Rs 2 per Rs 1,000 or part thereof with a minimum of Rs 25 per transaction.


3. GST COUNCIL APPROVES HIKE IN LUXURY CAR CESS
i. Sports utility vehicles and luxury cars, which became cheaper after the rollout of the goods and services tax from July 1, 2017, may now cost more as the GST Council, has decided to raise cess on them from 15% now to up to 25%.
ii. After GST was introduced, the total tax incidence on motor vehicles comprising the GST rate and the cess came down compared to the total tax incidence in pre-GST regime.
iii. However, GST Council considered this issue at its 20th meeting and recommended to the Central Government to move legislative amendments required for increasing the maximum ceiling of cess leviable on motor vehicles to 25% instead of present 15%.
v. The proposal to raise the ceiling of cess covers large motor vehicles with capacity for 10-13 persons, mid segment and large cars, sports utility vehicles, mid segment hybrid cars and other hybrid vehicles.

4. FMCG BRITANNIA TO SET UP LARGEST PLANT IN MAHARASHTRA
i. India’s leading FMCG Britannia Industries would set up its largest plant in Maharashtra in a food park at Ranjangaon. The park would have the largest biscuits manufacturing plant with six lines, along with cake and rusk.
ii. The proposed JV plant with Greek company Chipita would also be located there and it would on stream from June 2018. The company was also planning to set up a diary project at the food park with a capacity of seven lakh litres per day.
iii. Chipita would also be introduced to a new variety of croissants for Indian consumers. The main focus of the company would be investments on new products and cost reduction.

5. APARNA APPOINTED AS EXECUTIVE DIRECTOR OF WORLD BANK
i. Senior bureaucrat S Aparna, presently Principal Secretary to Gujarat Chief Minister Vijay Rupani, has been appointed as an Executive Director in the World Bank in the US.
ii. As the Executive Director at World Bank, Ms. Aparna will represent the constituency of India, Bangladesh, Sri Lanka and Bhutan.
iii. Aparna has been appointed in place of S C Garg, who has recently taken over as Secretary, Department.

6. ANKUR MITTAL WINS GOLD MEDAL IN ASIAN SHOTGUN CHAMPIONSHIP
i. Indian shooter Ankur Mittal has won the individual as well as the team gold medal in Men’s double trap at the 7th Asian Shotgun Championship.
ii. The Asian Shotgun Championship is held in Astana, Kazakhstan. Mittal shot 71 in the six-man final to finish at the top of the podium. UAEs Khaled Alkaabi won the silver in men’s double trap event, while Saif Alshamsy has won the bronze.
iii. Mittal had won a gold medal at the International Shooting Sport Federation World Cup in Acapulco, Mexico in 2016.
iv. He had also won silver in seasons inaugural World Cup in New Delhi.

7. NATIONAL HANDLOOM DAY: AUGUST 7, 2017
i. National Handloom Day is being observed on 7th August to encourage people to use hand-made loom in the country.
ii. The main event will be held in Guwahati to celebrate the 3rd National Handloom Day. It is celebrated every year due to its significance in India’s history, as ‘Swadeshi Movement’ was launched in 1905 on this day.
iii. Union Minister of state for Textile Ajay Tamta, Assam CM Sarbananda Sonowal and other senior ministers of the state will be attending the main event in Assam.
iv. This event will give a boost to weavers of Assam, who are known for producing Pat and Muga silk. The Assam government has already announced an ambitious Muga Mission to increase production with a cost of 100 cr rupees.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. UNION HOME MINISTRY PASSED AN ORDER TO MERGE THE THREE-DECADE OLD NATIONAL CRIME RECORDS BUREAU WITH BPRD. ABBREVIATION BPRD STANDS FOR?
a)  Bureau of Police Research and Development
b)  Bureau of Patrolling Research and Development
c)  Bureau of Police Regulation and Development
d)  Border Police Research and Development

Q2. CUSTOMERS OF WHICH PUBLIC SECTOR BANK WILL HAVE TO PAY CHARGES FOR DEPOSITING CASH ABOVE RS 5,000 IN A NON-BASE BRANCH EVEN IF IT IS LOCATED IN THE SAME CITY?
a)  Bank of Baroda
b)  State Bank of India
c)  Punjab National Bank
d)  Bank of India
Q3. LEADING FMCG COMPANY BRITANNIA INDUSTRIES WILL INVEST RS 1000 CR AT ITS PROPOSED LARGEST PLANT AT A FOOD PARK IN?
a)  Haryana
b)  Maharashtra
c)  Gujarat
d)  Karnataka
Q4. WHO AMONG THE FOLLOWING HAS BEEN APPOINTED AS AN EXECUTIVE DIRECTOR IN THE WORLD BANK IN THE US?
a)  Sandhya Iyer
b)  Rujuta Parikh
c)  Manisha Chandra
d)  S Aparna
Q5. WHO AMONG THE FOLLOWING INDIAN SHOOTER HAS WON THE INDIVIDUAL AS WELL AS THE TEAM GOLD MEDAL IN MEN’S DOUBLE TRAP AT THE 7TH ASIAN SHOTGUN CHAMPIONSHIP?
a)  Ankur Mittal
b)  Pankaj Dixit
c)  Rajat Dandekar
d)  Hitesh Joshi

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


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