DAILY CURRENT
AFFAIRS: 29 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN
1. PRESIDENT DEDICATED 4 PROJECTS TO ANDHRA PRADESH
i. The President of India, Ram Nath Kovind, dedicated to the
people of Andhra Pradesh 4 projects of the State Government at a function held
at Velagapudi, Andhra Pradesh.
ii. The Projects were Andhra Pradesh Fibregrid Project, Andhra
Pradesh Surveillance Project, Drone Project; and Free Space Optical
Communication system. The President focused on the 24/7 hyper-connected world
and the online presence of the government.
2. INDIA TO OVERTAKE UK, FRANCE TO BECOME 5TH-LARGEST ECONOMY IN
2018
i. India is set to leapfrog Britain and France in 2018 to become
the world’s fifth-largest economy in dollar terms.
ii. The Centre for Economics and Business Research consultancy’s
2018 World Economic League Table painted an upbeat view of the global economy,
boosted by cheap energy and technology prices. India is currently in 7th place
in the top world economies with $2 trillion.
iii. Top 3 Economies of the world according to the World Economic
Forum are-
The USA ($18 trillion),
China ($11 trillion),
Japan ($4.4 trillion).
3. PRESIDENT INAUGURATED 100TH INDIAN ECONOMIC ASSOCIATION
CONFERENCE
i. President Ramnath Kovind inaugurated the 100th Annual Conference of the Indian Economic
Association at Acharya Nagarjuna University in Guntur of Andhra Pradesh. The
event will be held for 4 days.
ii. Indian Economic Association is a registered body of Indian
economic professionals with an objective of providing a forum for debate and
discussion of policy-oriented issues.
4. SBI GETS BOARD APPROVAL TO RAISE RS 8,000 CR TO COMPLY BASEL III
i. According to the country's largest lender, SBI, its board has
approved raising Rs 8,000 cr through various sources, including masala bonds,
to meet Basel III capital norms.
ii. Masala bonds are rupee denominated specialised debt
instruments that can be floated in overseas markets only to raise capital.
Banks in India have to comply with the global capital norms under Basel III by
March 2019, 3 months later than the internationally agreed time frame by
January 2019.
5. AGRICULTURE MINISTER LAUNCHES LIVESTOCK DISEASE FOREWARNING
MOBILE APP
i. Union Agriculture and Farmers’ Welfare Minister, Shri Radha
Mohan Singh has launched Livestock Disease Forewarning –Mobile Application. The
app is developed by ICAR-National Institute of Veterinary Epidemiology and
Disease Informatics, Bengaluru.
ii. Apart from early warning, the app will also provide
information about clinical samples for the diagnosis in case of the epidemic so
that immediate action can be taken in case of the epidemic.
6. PAYTM BECOMES INDIA'S FIRST PAYMENTS APP TO CROSS 100 MN
DOWNLOADS ON PLAY STORE
i. India's largest mobile-first financial services platform, Paytm
announced that its app has crossed the 100 million milestone on Google Play
Store in the second week of December 2017.
ii. This makes Paytm the country's first payments app to cross the
100 million downloads mark.
7. INDIA SIGNS USD 40 MILLION LOAN AGREEMENT WITH WORLD BANK FOR UP
TOURISM
i. India signed a USD 40 Million Loan Agreement with the World
Bank for 'Uttar Pradesh Pro-Poor Tourism Development Project'.
ii. The loan agreement was signed by Sameer Kumar Khare, Joint
Secretary in Department of Economic Affairs and John Blomquist, Acting Country
Director of the World Bank.
iii. The Implementing Entity Agreement was signed by Awanish Kumar
Awasthi, Director General and Principal Secretary, Tourism on behalf of Uttar
Pradesh Government, and John Blomquist. The total cost of the project is
approximately USD 57.14 million, of which USD 40 million will be financed by
the World Bank as IBRD Credit. The remaining amount will be funded out of Uttar
Pradesh Budget.
iv. The Project will support the state government’s priority of
re-structuring tourism benefiting poor residents and local entrepreneurs such
as rickshaw drivers, local artisans and street vendors.
8. INDIA SUCCESSFULLY TEST-FIRES AAD SUPERSONIC INTERCEPTOR MISSILE
i. India successfully test-fired its indigenously developed
Advanced Air Defence supersonic interceptor missile, capable of destroying any
incoming ballistic missile at low altitude, from a test range in Odisha.
ii. This was the 3rd supersonic interceptor test carried out this
year in which an incoming ballistic missile target was successfully
intercepted, within a 30km altitude of the earth’s atmosphere by an
interceptor. The interceptor is a 7.5-meter long single stage solid rocket
propelled guided missile equipped with a navigation system.
9. ABHAY APPOINTED DIRECTOR GENERAL OF NARCOTICS CONTROL BUREAU
i. Senior IPS officer Abhay was appointed Director General of
Narcotics Control Bureau. He is at present working in Central Reserve Police
Force.
ii. The Appointments Committee of the Cabinet has approved his
appointment to the post till November 18, 2019. The post was lying vacant after
R R Bhatnagar took over as DG of CRPF in April 2017.
10. K S CHITRA BAGS 'HARIVARASANAM' AWARD
i. Veteran singer K S Chitra has been selected for
prestigious 'Harivarasanam' award 2017,
instituted by the Kerala government.
ii. The award carrying a cash prize of Rs 1 lakh, citation and
plaque would be presented to the veteran playback singer at a function on
January 14, 2018.
11. ANISA WINS WOMEN’S 25M PISTOL WITH NEW NATIONAL RECORD
i. Haryana shooter Anisa Sayyed won the women’s 25m pistol gold
with a new record at the ongoing 61st National Shooting Championship
Competitions, in Thiruvananthapuram, Kerala.
ii. Anisa shot a new finals national record score of 33 to prevail
over the Maharashtra duo of Shital Shivaji Thorat and Rahi Sarnobat, who won
the silver and bronze medals respectively at the National Games Shooting Range.
OBJECTIVE
QUESTIONS BASED ON TODAY’S NEWS
Q1. IN WHICH OF THE FOLLOWING STATE THE PRESIDENT RAMNATH KOVIND
INAUGURATED THE 100TH ANNUAL CONFERENCE OF THE INDIAN ECONOMIC ASSOCIATION?
a) Assam
b) Andhra Pradesh
c) Madhya Pradesh
d) Uttar Pradesh
Q2. THE PRESIDENT OF INDIA, RAM NATH KOVIND HAS RECENTLY
DEDICATED FOUR MAJOR PROJECTS TO THE PEOPLE OF _________?
a) Andhra Pradesh
b) Karnataka
c) Punjab
d) Maharashtra
Q3. UNION AGRICULTURE AND FARMERS’ WELFARE MINISTER HAS RECENTLY
LAUNCHED LDF-MOBILE APP. LDF STANDS FOR?
a) Live Disability
Forewarning
b) Leverage Disability
Forewarning
c) Livestock Disease
Forewarning
d) Live Disease Forewarning
Q4. WHICH AMONG THE
FOLLOWING VETERAN SINGER HAS BEEN SELECTED FOR PRESTIGIOUS 'HARIVARASANAM'
AWARD 2017, INSTITUTED BY THE
KERALA GOVERNMENT?
a) K S Chitra
b) K J Yesuda
c) Kavitha Krishnamurthy
d) M Jayachandran
Q5. ACCORDING TO THE COUNTRY'S LARGEST LENDER, SBI, ITS BOARD
HAS APPROVED RAISING _____THROUGH VARIOUS SOURCES, INCLUDING MASALA BONDS, TO MEET BASEL III CAPITAL
NORMS?
a) Rs 8,500 cr
b) Rs 7,800 cr
c) Rs 7,500 cr
d) Rs 8,000 cr
ANSWERS:
1 - B 2 - A 3 - C 4
- A 5 - D
