DAILY CURRENT AFFAIRS: 4TH FEB 2017

DAILY CURRENT AFFAIRS: 4^TH FEB 2017

(Daily News India)

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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.

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DAILY CURRENT AFFAIR QUIZ – 3 & 4 FEB

DAILY CURRENT AFFAIR QUIZ – 3 & 4 FEB

1. THE INDIA INNOVATION INDEX LAUNCHED BY NITI AAYOG HAS BEEN DEVELOPED TO RANK WHICH OF THE FOLLOWING?

a) Entrepreneurs

b) Financial Institutions

c) States

d) Educational Institutions

ANS - C

2. WHERE IS THE 31ST SURAJKUND INTERNATIONAL CRAFTS MELA ORGANIZED?

a) West Bengal

b) Haryana

c) Rajasthan

d) Gujarat

ANS - B

3. WHICH INDIAN FEMALE SINGER HAS COLLABORATED WITH UNITED NATION FOR WOMEN EMPOWERMENT PROJECT?

a) Sonu Kakkar

b) Shewta Pandit

c) Richa Sharma

d) Neeti Mohan

ANS - D

4. WHAT IS THE PROJECTED GDP GROWTH RATE OF INDIA FOR THE YEAR 2017-18 AS ESTIMATED BY HSBC?

a) 5.7 Percent

b) 8.8 Percent

c) 7.1 Percent

d) 6.9 Percent

ANS - C

5. WHICH INDIAN SHUTTLER HAS BEEN RANKED AS THE WORLD NO. 1 PLAYER IN THE LATEST JUNIOR BADMINTON WORLD FEDERATION RANKING?

a) Lakshya Sen

b) Aryamann Tandon

c) Mithun M.

d) Chirag Sen

ANS - A

6.  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

ANS - B

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

a) Bangaluru

b) New Delhi

c) Mumbai

d) Kochi

ANS - C

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

a) Himachal Pradesh

b) Rajasthan

c) Haryana

d) Gujarat

ANS - A

9.  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

ANS - D

10.  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

ANS - B

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DAILY CURRENT AFFAIRS: 3RD FEB 2017

DAILY CURRENT AFFAIRS: 3^RD FEB 2017

(Daily News India)

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1. AMITABH KANT INAUGURATES INDIA INNOVATION INDEX IN NEW DELHI

i. The Indian Policy Think Tank, NITI Aayog together with Department of Industrial Policy & Promotion  and Confederation of Indian Industry has launched a first of its kind online portal, India Innovation Index in India to rank the states on the basis of innovation.

ii. The Index has been developed by the Indian sides in consultation with the World Economic Forum, the World Intellectual Property Organization, Cornell University, OECD, UNIDO, ILO, UNESCO, ITU and others.

iii .The portal was inaugurated by Mr Amitabh Kant, CEO NITI Aayog in New Delhi.

iv. The Index would rank Indian states as per their innovation capability and provide them necessary feedback to build their respective innovation ecosystems and further instill innovation spirit among institutions and people.

v. The index would consider Global Innovation Index indicators and other India–centric data from various states to determine the ranking which will be updated periodically.

vi. These would enable the international agencies to collect India’s up to date data points for ranking global indices.

2. 31ST SURAJKUND INTERNATIONAL CRAFTS MELA BEING HELD IN GURGAON

i. Haryana CM Manohar Lal Khattar inaugurates the 31st Surajkund International Crafts Mela in Gurgaon, Haryana.

ii. 2017 Surajkund International Crafts Mela is known as ‘Cashless Mela’ because all stakeholders have been provided option to opt for cashless transactions

ii. A team of volunteers called ‘Mela Mitra’ are appointed to help and guide visitors for Mela.

3. NEETI MOHAN COLLABORATES WITH UNITED NATIONS FOR WOMEN EMPOWERMENT

i. Noted Indian singer Neeti Mohan to collaborate with UN for women empowerment project titled “Music to Inspire – Artists United against Human Trafficking” which is managed by the UNODC.

ii. Neeti is the 1st Indian female singer to collaborate with UN.

iii. She has composed Udne De as a tribute to all the women and in support of equality for all.

iv. Over 60 renowned artists and dignitaries from various countries have collaborated with Rukus Avenue to participate in the “Music to Inspire – Artists UNited Against Human Trafficking

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DAILY CURRENT AFFAIR QUIZ – 1 & 2 FEB

DAILY CURRENT AFFAIR QUIZ – 1 & 2 FEB

1.  IN WHICH PLACE OF MEGHALAYA, THE APPAREL AND GARMENT MAKING CENTRE HAS BEEN INAUGURATED?

a) Ampati

b) Baghmara

c) Ampatigri

d) Betasing

ANS - A

2.  IN WHICH OF THE FOLLOWING STATE, THE MINISTRY OF DEFENCE HAS PLANNED TO SET UP ITS DEFENCE UNIT AT A COST OF RS. 1500 CRORE?

a) Himachal Pradesh

b) Madhya Pradesh

c) Goa

d) Jammu & Kashmir

ANS - B

3.  WHICH START-UP FIRM HAS LAUNCHED AN INTEGRATED ACCREDITATION AND ERP TECHNOLOGY SOLUTION TO ENABLE HIGHER EDUCATIONAL INSTITUTIONS TO BETTER MANAGE THEIR MULTIPLE ACCREDITATION STANDARDS?

a) SAIF Partners

b) Sequoia Capital

c) Accel Partners

d) E-paathsala

ANS - D

4.  WHAT IS THE NAME OF THE ONLINE PLATFORM LAUNCHED BY THE INCOME TAX DEPARTMENT TO ANALYZE DEPOSITS MADE DURING THE DEMONETIZATION PERIOD?

a) Operation Demonetized Money

b) Operation Black Money

c) Operation Clean Money

d) Operation Knockout

ANS - C

5.  WHO HAS BEEN SWORN IN AS THE CHIEF OF DELHI POLICE?

a) Ahmed Javed

b) Rakesh Maria

c) Alok Verma

d) Amulya Patnaik

ANS - D

6.  WHO HAS BEEN APPOINTED AS THE NEW PRESIDENT OF TABLE TENNIS FEDERATION OF INDIA?

a) Dushyant Chautala

b) Ashwani Kumar

c) Kuldip Vats

d) Ramesh Rathore

ANS - A

7.  WHAT IS THE TOTAL PROPOSED BUDGET OF THE RAIL SAFETY FUND RASHTRIYA RAIL SANRAKSHA KOSH?

a) Rs. 25000 crore

b) Rs. 17000 crore

c) Rs. 20000 crore

d) Rs. 12000 crore

ANS - C

8.  THE RATING AGENCY ICRA HAS PREDICTED THAT THE BANK CREDIT GROWTH RATE FOR THE CURRENT FISCAL YEAR WOULD FLOAT BETWEEN--------- PERCENT.

a) 5-6 Percent

b) 4-5 Percent

c) 7-8 Percent

d) 6-7 Percent

ANS - A

9.  WHO IS APPOINTED AS THE NEW CBI DIRECTOR?

a) Sushil Chandra

b) Alok Verma

c) Vineet kandpal

d) Vinod rai

ANS - B

10.  WHERE WAS THE DIGITAL RADIO ROUND TABLE CONFERENCE ORGANIZED?

a) Bangaluru

b) Mumbai

c) New Delhi

d) Chennai

ANS - C

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DAILY CURRENT AFFAIRS: 2ND FEB 2017

DAILY CURRENT AFFAIRS: 2^ND FEB 2017

(Daily News India)

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1. UNION BUDGET 2017

i. Finance Minister Arun Jaitley presented the Union budget 2017-2018 in Lok Sabha on 01 February 2017.

ii. This is the 4th budget by the Narendra Modi government. It was broadly focused on 10 issues rural population, farming sector, infrastructure, youth, poor and health care for the underprivileged, financial sector for stronger institutions, public services, speedy accountability, tax administration for the honest and prudent fiscal management.

2. FISCAL DEFICIT REACHES 94% OF THE BUDGET ESTIMATE

i. Fiscal deficit in the first 9 months of 2016-17 touched 93.9 % of the Budget estimate. The fiscal deficit had stood at 87.9% in the corresponding 9 months a year ago. The fiscal deficit is the gap between revenue and expenditure.

ii. According to data released by the Controller General of Accounts, tax revenue was 71.4% of the full-year budget estimate. Total expenditure, Plan and Non-Plan, was 74.3% of the government's full-year estimate.

3. RAJASTHAN, TELANGANA BAG EGOV AWARDS

i. This year, under the State category, Telangana and Rajasthan emerged Winners of Excellence while the Award of Recognition went to Nagaland and Odisha.

ii. Instituted by the Computer Society of India’s Special Interest Group with sponsorship from Nihilent Technologies, these awards help recognize the efforts of eGovernance practitioners from across central and state departments, projects and in district administrative units as well.

4.  RAILWAY MINISTRY REQUESTS SEPARATE FUND FOR RASHTRIYA RAIL SAFETY FUND

i. The Ministry of Railway has proposed the Finance Ministry to create a non-lapsable safety fund named ‘Rashtriya Rail Sanraksha Kosh’ over 5 years with initial corpus of Rs. 20000 cr and contribute a portion to fund it in the Budget 2017.

ii. The decision to set up the safety fund is based on the recommendation of a high-level safety review committee under the chairmanship of Dr. Anil Kakodkar, former chairman of Atomic Energy Commission.

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DAILY CURRENT AFFAIRS: 1ST FEB 2017

DAILY CURRENT AFFAIRS: 1^ST FEB 2017

(Daily News India)

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1. TEXTILE MINISTRY INAUGURATES MEGHALAYA’S FIRST EVER APPAREL AND GARMENT CENTRE AT AMPATI

i. Meghalaya’s 1st ever Apparel and Garment Making Centre was inaugurated jointly by CM of Meghalaya Dr. Mukul Sangma and Union Textiles Minister Smriti Zubin Irani at Ampati in South West Garo Hills.

ii. The centre would capacitate to create job opportunity for both women and men of the region and make them economically empowered.

iii. The facility has been set up in an area of 45,000 sq ft at an approximate cost of Rs 14.26 cr. It has been set up under North East Region Textiles Promotion Scheme.

iv. Union Ministry of Textiles is working to implement projects worth Rs 70 cr in the Sericulture & Weaving sector for Meghalaya alone to boost investment in the region as well as generate employment prospects.

2. MINISTRY OF DEFENCE TO SET UP RS 1500 CR DEFENCE UNIT IN MADHYA PRADESH

i. The Union Minister for Panchayati Raj and Rural Development, Narendra Singh Tomar announced that the Ministry of Defence is set to open its Defence Unit in Morena district of Madhya Pradesh.

ii. The unit would enable in Kailaras and Sabalgarh tehsil areas and span over 969.735 hectare of land at a cost of Rs. 1500 crore.

iii. The CM of Madhya Pradesh, Shivraj Singh Chouhan has already allotted 334.584 hectare revenue land for the purpose free of cost.

3. E-PAATHSALA LAUNCHES UNIQUE TECHNOLOGY-BACKED SERVICES FOR EDUCATIONAL INSTITUTIONS IN INDIA

i. Bangalore based Start-up firm E-paathsala has launched an integrated accreditation and ERP technology solution for the universities and colleges to enable them better manage their multiple accreditation standards in an easy, fast and efficient manner and bridge the gap identified for specific accreditations.

ii. Every college and University has multiple accreditations for standards such as National Assessment and Accreditation Council, National Board of Accreditation among others.

iii. E-paathsala would provide a software and consultancy solutions that would help the institutions to improve their management system with emphasis on improving accreditation standards.

iv. The technology would provide services like IQAC work flow,  Accreditation Management, PO-CO attainment for students, Admission Management, Accounting, SWOT analysis, and Fees Management, Learning Management System, Student Management, Library Management, Transport Management, Hostel and Class Management, Alumina Management and Placement Management.

4. INCOME TAX DEPARTMENT LAUNCHES OPERATION CLEAN MONEY

i. Income Tax Department lead by ‎Sushil Chandra has launched Operation Clean Money to verify the cash deposited in the banks during November 9th  to December 30th 2016.

ii. An online Verification process will be carried out by comparing the demonetization data CBDT with information in ITD databases.

iii. This information will be available at the portal https://incometaxindiaefiling.gov.in. The PAN holder can view the information using the link ‘Cash Transactions 2016’ under ‘Compliance’ section of the portal.

iv. The verification will be closed if the cash deposit is declared under Pradhan Mantri Garib Kalyan Yojna.

5. RELIANCE DEFENCE SIGNS CONTRACT WITH MINISTRY OF DEFENCE TO CONSTRUCT 14 FAST PATROL VESSELS FOR INDIAN COAST GUARD

i. Reliance Defence and Engineering Ltd, a wholly owned arm of Reliance Infrastructure Ltd, has signed a contract worth Rs. 916 cr with the Ministry of Defence to design and construct 14 Fast Patrol Vessels for the Indian Coast Guard.

ii. The medium range, high speed vessels would be deployed for patrolling within the exclusive economic zone, anti-smuggling, costal surveillance, anti-piracy, search and rescue operations. It will also provide support as front-line warships during emergencies.

iii. RDEL is the first private sector shipyard which has been awarded a contract of designing and building such ships for Indian Armed Forces.

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DAILY CURRENT AFFAIR QUIZ - 31 JANUARY

DAILY CURRENT AFFAIR QUIZ - 31 JANUARY

1. IN WHICH INDIAN STATE, A TRADITIONAL BUFFALO RACE EVENT, KAMBALA FESTIVAL ANNUALLY ORGANIZED?

a) Punjab

b) Kerala

c) West Bengal

d) Karnataka

ANS - D

2. IRIS MITTENAERE, WHO HAS BEEN CROWNED THE NEW MISS UNIVERSE 2016, IS BELONGS TO WHICH COUNTRY?

a) Norway

b) Haiti

c) France

d) Colombia

ANS - C

3. IN WHICH STATE, OIL COMPANIES HPCL, ONGC AND THE GAIL HAVE SIGNED MOUS FOR INVESTING RS 1.65 LAKH CRORE?

a) Andhra Pradesh

b) Maharashtra

c) Kerala

d) Gujarat

ANS - A

4. FIRST EDITION OF THE NORTH EAST INVESTORS SUMMIT HELD IN WHICH STATE?

a) Assam

b) Meghalaya

c) Manipur

d) Tripura

ANS - B

5. INDIA’S FIRST MULTI-SPORTS MUSEUM INAUGURATED IN WHICH CITY?

a) Pune

b) Mumbai

c) Kolkata

d) Chennai

ANS - C

6. BY WHICH BANK, MOBILE APP MISSION FINFIT HAS BEEN LAUNCHED IN COLLABORATION WITH BANGALORE STARTUP FISDOM TO PROVIDE ITS CUSTOMERS AN ONLINE PLATFORM TO MANAGE THEIR PERSONAL WEALTH?

a) Lakshmi Vilas Bank

b) Kotak Mahindra Bank

c) ICICI Bank

d) Yes Bank

ANS - A

7. IN WHICH OF THE GIVEN CITIES, THE INDIA POST PAYMENT BANK HAS STARTED ITS PILOT SERVICES?

a) Pune and Indore

b) Chennai and Kochi

c) Raipur and Ranchi

d) Mysore and Gandhinagar

ANS - C

8. FOR WHICH CATEGORY OF NON IMMIGRANT VISA HOLDER, THE US HOUSE OF REPRESENTATIVES HAVE PASSED A LEGISLATION TO DOUBLE THE SALARY?

a) H-2B

b) H-1B

c) H-2A

d) H-1A

ANS - B

9. WHICH COUNTRY HAS BECOME THE FIRST IN THE WORLD TO PASS A BILL TO COMPLETELY STOP INVESTMENT IN FOSSIL FUEL?

a) Norway

b) Switzerland

c) Singapore

d) Ireland

ANS - D

10. IN WHICH CITY, THE CAB HAILING FIRM UBER HAS LAUNCHED ITS TWO-WHEELER AGGREGATION SERVICE UBERMOTO?

a) Hyderabad

b) Mysuru

c) Bangalore

d) Chennai

ANS - A

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