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.