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Friday, February 17, 2017

DAILY CURRENT AFFAIRS: 17TH FEB 2017

DAILY CURRENT AFFAIRS: 17TH FEB 2017
(Daily News India)
Shared By: WWW.DailyGk.IN

1.  CABINET APPROVALS ON FEBRUARY 15
i. The Union Government chaired by PM Shri Narendra Modi approved setting up of Food Legumes Research Platform at Amlaha, Sehore in Madhya Pradesh for meeting the emerging food security challenges.
ii. The Cabinet approved the signing of Air Services Agreement between Rwanda and India which will enable the airlines of the 2 countries to operate services in each others’ territory.
iii. The Cabinet Committee on Economic Affairs gave its approval to award contract in 31 contract areas under Discovered Small Fields Policy 2016.
iv. The Union Cabinet approved the merger of the SBI with its 5 subsidiary banks namely State Bank of Patiala, State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Hyderabad and State Bank of Travancore.

2. INDIAN PANAROMA FILM FESTIVAL BEGINS IN PORT BLAIR
i. The Indian Panorama Film Festival started in Port Blair. About 15 films of different languages and different genre will be screened at two different venues.
ii. The 5 day film festival has been organised by the Directorate of Information, Publicity & Tourism, Andaman & Nicobar Administration in association with the Ministry of Information & Broadcasting and Directorate of Film Festivals/IFFI, New Delhi, Govt of India and inaugurated by the Chief Secretary, Andaman & Nicobar Administration, Shri Anindo Majumdar at DBRAIT Auditorium, Dollygunj, Port Blair.

3. KERALA CABINET GIVES IN-PRINCIPLE APPROVAL FOR GREENFIELD AIRPORT AT SABARIMALA
i. The Kerala cabinet gave its in-principle approval for setting up a Greenfield Airport at pilgrim centre Sabarimala located at the Periyar Tiger Reserve in the Western Ghat mountain ranges of Pathanamthitta District, Kerala.
ii. The state government has also directed Kerala State Industrial Development Corp to conduct a study on the proposed airport.
iii. The airport will cater to the needs of lakhs of devotees who visit the famous Lord Ayyappa hill shrine every year by reducing the traffic congestion.

4. INDIA RANKED 143 IN THE 2017 INDEX OF ECONOMIC FREEDOM INDEX
i. India has been ranked 143 out of 186 countries in the annual Index of Economic Freedom 2017 released by top US based Think Tank, The Heritage Foundation.
ii. Hong Kong, Singapore and New Zealand are the top three nations in the Index respectively.
iii. India has been placed in the category of “Mostly Unfree” Economies.
iv. Among South Asian countries, only Maldives (157) and Afghanistan (163) were ranked below India. Sri Lanka (112), Nepal (125), Pakistan (141), Bangladesh (128) and Bhutan (107) surpassed India in economic freedom.                

5. RBI WILL REIMBURSE BANKS MDR CHARGES EFFECTIVE JANUARY 1, 2017
i. The Reserve Bank of India has decided to reimburse banks Merchant Discount Rate charges on debit cards used by citizens for payment with effect from January 1, 2017.
ii. In December 2016, the government had decided to absorb the merchant discount rate charges in respect of debit card transactions for making payments to it to encourage people to use digital payments.
iii. RBI has directed the banks to forward their claim for reimbursement of MDR along with statutory auditor’s certificate to RBI’s Nagpur office on a quarterly basis.
v. The banks will have to certify that MDR charges for transaction amounts up to Rs 1 lakh have not been collected from the payer.

DAILY CURRENT AFFAIRS: 16TH FEB 2017

DAILY CURRENT AFFAIRS: 16TH FEB 2017
(Daily News India)
Shared By: WWW.DailyGk.IN

1. IMF LAUNCHES SOUTH ASIA TRAINING AND TECHNICAL ASSISTANCE CENTER IN NEW DELHI
i. The International Monetary Fund  launched its 1st fully integrated capacity development centre, South Asia Training and Technical Assistance Center in New Delhi.
ii. The SARTTAC was inaugurated by Shaktikanta Das, Secretary of India’s Ministry of IMF’s SARTTAC Finance.
iii. The main objective of SARTTAC is to help its member countries strengthen their institutional and human capacity to design and implement macroeconomic and financial policies that promote growth and reduce poverty.
iv. SARTTAC will help to assist the local member countries of South Asia including Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka.
v. SARTTAC will enable IMF to meet the growing demand for technical assistance and training from the South Asian region.

2. JAMMU & KASHMIR GOVERNMENT LAUNCHES E-PRISON PROJECT
i. The Jammu & Kashmir government launched an E-Prison project at NIC Centre Civil Secretariat Jammu to digitalize the record about the jail inmates.
ii. The project was inaugurated by the state Minister for Information Technology, Technical Education and Youth Service & Sports, Molvi Imran Raza Ansari.
iii. The e-prison project will enable to provide a centralized platform to avoid any data redundancy, avoid delay in processing the information and manage all the jails efficiently and thus reduce the time and cost of the process.
iv.The e-Prison Project will digitize 25 district jails, 2 central jails and 1 sub-Jail across the State. The jail will also  be equipped with Router, Laser Printer,  Switch, Desktops, Scanner, Finger Print scanner, UPS and Web camera.

3. INDIA, CROATIA SIGNS AGREEMENT TO BOOST BILATERAL TRADE & ENHANCE ECONOMIC COOPERATION
i. Nirmala Sitharaman, Union Commerce and Industry Minister and Martina Dalic, Deputy PM and Minister of the Economy, Republic of Croatia have signed an agreement to boost bilateral trade and enhance economic cooperation in Zagreb, Croatia
ii. Its aim is to promote and develop bilateral trade and economic relations.
iii. This Agreement would be a step in continuity of the previous agreement which expired in November, 2009.

4. HDFC LIFE LAUNCHES ‘PRAGATI’ PLAN FOR LOW INCOME GROUP
i. HDFC life launched a traditional life insurance plan, Pragati, for low income group people.
ii. The plan has been designed especially to empower low income families by making the plan available at affordable rate to every person who has the desire to secure his family.
iii. Pragati will offer dual benefit. A systematic savings with guaranteed premium returns and A wholesome life protection making it an ideal financial product for every Indian household.

5. AIRBUS SIGNS MOU FOR SETTING UP CENTRE OF EXCELLENCE IN HYDERABAD
i. National Skill Development Corporation  Airbus signs MoU for setting up centre of excellence in Hyderabad, India and AEROCAMPUS France for establishing a Centre of Excellence at at Begumpet Airport for aerospace skill development in Hyderabad.
ii. Its objective is to enhance the employability of young aspirants by imparting the required skills to them and to train candidates ranging from high school graduates to experienced aviation personnel on aircraft manufacturing, Maintenance, logistics, ground handling, Repair and Overhaul and special aviation processes.

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