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Friday, October 6, 2017

DAILY CURRENT AFFAIRS: 3 OCT 2017

DAILY CURRENT AFFAIRS: 3 OCT 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      RAJGHAT GETS MAHATMA’S STATUE FOR THE FIRST TIME
i. Rajghat, the Samadhi of Mahatam Gandhi in Delhi, has for the first time acquired a statue of Mahatma Gandhi. The statue was unveiled by Vice-President of India Mr. M.Venkaiah Naidu on the occasion of the 148 Birth Anniversary of Mahatma Gandhi.
ii. Rajghat gets Mahatma's statue for the first time. It has been sculpted by renowned Indian sculptor, Mr. Ram Sutar.
iii. The statue has been installed in the Parking Area of Rajghat Samadhi Complex at a cost of Rs.8.73 lakhs. The famous message of Gandhi ji “Be the Change You Wish to See” is inscribed on the front side of the pedestal.
iv. Vice-President Venkaiah Naidu also inaugurated Rs.59 lakh Interpretation Centre in the Parking Area of the Rajghat Samadhi complex which enables interactive learning about the life and works of the Mahatma through Digital Display using LED screens.

2.      SBI WAIVES CLOSURE CHARGES FOR SAVINGS ACCOUNTS THAT ARE OVER 1 YEAR OLD
i. From October 1, 2017, savings bank account customers of State Bank of India will not have to pay any charges for closing the account. This waiver applies to savings accounts which have existed for more than 1 year.
ii. Earlier, SBI levied closure charges of Rs 500 with Goods and Service Tax for its savings account customers. Before the closure charges waiver, only those customers who close their accounts within 14 days after opening (termed as free-look period) were exempted from any charges.
iii. Now with the closure charges being waived off, only those customers who close their accounts after 14 days and before completing 1 year after opening an account will be charged Rs 500 plus GST.
iv. Charges that were levied on the closure of account at the time of settlement of accounts of deceased account holders have also been waived.

3.      CLEARTAX UPGRADES GST SOFTWARE TO HELP BUSINESSES AVOID WORKING CAPITAL LOCK-IN
i. ClearTax, upgraded its GST-compliant software to intelligent features, to help businesses ensure unobstructed flow of credit.
ii. ClearTax is an Income Tax returns e-filing service provider.ClearTax has simplified GST filing software in three-steps:
1. Create invoices through this software.
2. One-click upload of all invoices to the ClearTax online platform for e-filing
3. The user has to review the final invoices and then, with a few clicks, all data can be submitted to gstn for three returns a month (gstr-1, 2 and 3).
iii.  ClearTax users using GSTR-2A feature on the ClearTax GST Software can verify whether their vendors have filed their GSTR-1. If not, they can prompt them to file before the October 10 deadline.
iv. GSTR-1 is a return of outputs of a business. GSTR-2 is a return of inputs of a business.

4.      GIFT-IFSC RANKS AT 10TH PLACE IN GLOBAL FINANCIAL CENTRES INDEX
i. India’s 1st International Financial Services Centre, Gujarat International Finance Tec-City IFSC has ranked at 10th place in the latest September 2017 edition of Global Financial Centres Index 22 of London.
ii. GIFT IFSC is located between Ahmedabad and Gandhinagar in Gujarat. Currently it is operational with approximately 10 leading banks, eight insurance companies and participating brokers, and two international exchanges.
iii. Nearly 100 capital market players have established their base at GIFT IFSC.

5.      GDP TO HIT $6 TRILLION BY 2027 ON DIGITAL LEAP
i. India is likely to be the world’s fastest-growing large economy in the next 10 years, driven by digitisation, globalization, favourable demographics and reforms, according to the Morgan Stanley report.
ii. According to the global financial services major, the trend line in India’s annual GDP growth has been accelerating to 6.9% in 2000s, from 5.8 percent in the 1990s.

6.      MADURAI’S MEENAKSHI TEMPLE NAMED BEST ‘SWACHH ICONIC PLACE’ IN INDIA
i. The Meenakshi Sundareswarar Temple of Madurai was awarded the best ‘Swachh Iconic Place’, in India.
ii. Madurai District Collector K.Veera Raghava Rao and Corporation Commissioner S. Aneesh Sekhar received the ‘Swachh Iconic Place’ award from Uma Bharati, Minister for Drinking Water and Sanitation.
iii. This award was given by the Central Government, as a part of the ‘Swachh Bharat Abhiyan’.  Meenakshi Temple has been honoured with this award for the swift cleaning process carried out.

7.      GLOBAL ENTREPRENEURSHIP SUMMIT 2017 TO BE HELD IN HYDERABAD
i. A high-level delegation from the Government of India and the United States met NITI Aayog to plan the 2017 Global Entrepreneurship Summit. The summit will be held on November 28-30 at the Hyderabad International Convention Centre in Hyderabad, India.
ii. This year’s theme is “Women First, Prosperity for All” to celebrate the entrepreneurial spirit in all its strengths and diversity. The Summit will be inaugurated by the PM Shri Narendra Modi and Advisor to the President, Ivanka Trump, who leads the U.S. delegation.

8.      CHANDRABABU NAIDU LAUNCHES ‘SWACHH ANDHRA MISSION’, PV SINDHU CHOSEN AS THE BRAND AMBASSADOR
i. Andhra Pradesh Chief Minister Mr.Chandrababu Naidu launched ‘Swachh Andhra Mission’ on the occasion of Gandhi Jayanti.
ii. State minister for Information Technology and Rural Development Mr.Nara Lokesh and public representatives, were present on the occasion of this launch.
iii. Mr. Chandrababu Naidu and other dignitaries lit the lamp and paid tribute to Mahatma Gandhi and Lal Bahadur Shastri on their birth anniversaries.
iv. Shuttler PV Sindhu has been appointed as the brand ambassador of ‘Swachh Andhra Mission’. The Chief Minister said that, 22 lakh more toilets need to be constructed by March 2018.

9.      BAISHYA ELECTED AS CHAIRMEN OF TWO SUB-COMMITTEES OF IWF
i. Birendra Prasad Baishya the President of Indian Weightlifting Federation has been elected as chairman of two sub-committees of International Weightlifting Federation.
ii. Birendra Baishya has been elected as chairman of International Weightlifting Federation’s Ethics Commission as well as of Anti-Disciplinary Commission at IWF’s Executive Committee Meeting held at Bucharest, Romania.
iii. Mr. Baishya is currently serving as the Executive Board member of Asian Weightlifting Federation. He is also the Vice-President of Commonwealth Weightlifting Federation.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. WHICH BANK HAS LEVIED CLOSURE CHARGES OF RS 500 WITH GOODS AND SERVICE TAX TO SAVINGS BANK ACCOUNT CUSTOMERS?
a)  HDFC Bank
b)  Axis Bank
c)  State Bank of India
d)  ICICI Bank
Q2. WHO HAS LAUNCHED ‘SWACHH ANDHRA MISSION’ AND PV SINDHU CHOSEN AS THE BRAND AMBASSADOR ON THE OCCASION OF GANDHI JAYANTI?
a)  Shri Nitish Kumar
b)  Mr.Pema Khandu
c)  Shri Pinarayi Vijayan
d)  Shri. Nara Chandrababu Naidu
Q3. RAJGHAT, THE SAMADHI OF MAHATAM GANDHI IN DELHI, HAS FOR THE FIRST TIME ACQUIRED A STATUE OF MAHATMA GANDHI ON THE OCCASION OF THE ________ BIRTH ANNIVERSARY OF MAHATMA GANDHI?
a) 148
b) 145
c) 146
d) 149
Q4. WHICH TEMPLE WAS AWARDED THE BEST ‘SWACHH ICONIC PLACE’ IN INDIA?
a)  Amarnath Temple, Jammu and Kashmir
b)  Meenakshi Sundareswarar Temple, Tamilnadu
c)  Brihadeeswara temple , Tamilnadu
d)  Khajuraho Temple,Tamilnadu,Kerala
Q5. INDIA’S FIRST INTERNATIONAL FINANCIAL SERVICES CENTRE GIFT- IFSC HAS RANKED AT _______ PLACE IN THE LATEST SEPTEMBER 2017 EDITION OF GLOBAL FINANCIAL CENTRES INDEX 22 OF LONDON?
a)  10th
b)  7th
c)  8th
d) 11th    

ANSWERS: 

1 - C    2 - D    3 - A    4 - B    5 - A
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Wednesday, October 4, 2017

DAILY CURRENT AFFAIRS: 30 SEP 2017

DAILY CURRENT AFFAIRS: 30 SEP 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      TK VISWANATHAN HEADED COMMITTEE TO DEAL WITH HATE SPEECH ON INTERNET
i. A committee headed by Mr.T.K.Viswanathan, submitted a report to the Home Ministry, regarding new laws or amendments to deal with hate speech on the internet, in New Delhi.
ii. This committee was formed after the Supreme Court ruled out section 66A of the Information Technology Act. The committee has suggested that section 78 of the IT Act needs to be substituted and Section 153 & 505A of the Indian Penal Code needs to be amended.
iii. The committee has recommended that each state should have a State Cyber Crime Coordinator, which should be an officer not below the rank of Inspector General of Police.
iv. Also, each district should have a District Cyber Crime Cell, headed by an officer not below the rank of sub-inspector.

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DAILY CURRENT AFFAIRS: 29 SEP 2017

DAILY CURRENT AFFAIRS: 29 SEP 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      MADHYA PRADESH BAGS ‘BEST TOURISM STATE’ AWARD
i. Madhya Pradesh has won the ‘Best Tourism State’ national award for the third consecutive year. President Ram Nath Kovind handed over the award, named as ‘Hall of Fame Award’, to Minister of State for Tourism Surendra Patwa at a ceremony held at Vigyan Bhawan in New Delhi.
ii. The state bagged total 10 awards in this programme, organised on the occasion of World Tourism Day (27 September). Madhya Pradesh also received a national award for Film Promotion Policy in the category of Best Film Promotion Friendly State/Union Territory.

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Tuesday, October 3, 2017

DAILY CURRENT AFFAIRS: 28 SEP 2017

DAILY CURRENT AFFAIRS: 28 SEP 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      IMPORTANT CABINET APPROVALS- 27TH SEPTEMBER 2017
i. The Union Cabinet chaired by PM Shri Narendra Modi has given the following set of approvals. The full list of Cabinet Approvals is given as follows.
ii. The Cabinet has approved-
1. Enhancement of age of superannuation of doctors other than Central Health Service doctors to 65 years,
2. Signing of (i) Inter-bank Local Currency Credit Line Agreement and (ii) Cooperation Memorandum relating to Credit Ratings by EXIM Bank under BRICS Interbank Cooperation mechanism,
3. Agreement on “Cooperation in the field of Information, Communication and Media” between India and Ethiopia,
4. MoU between India and Belarus in the oil and gas sector,
5. Bilateral MoU between India and Afghanistan on Technical Cooperation on Police Training and Development.

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DAILY CURRENT AFFAIRS: 27 SEP 2017

DAILY CURRENT AFFAIRS: 27 SEP 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.   2ND INDIA-INDONESIA BIENNIAL TRADE MINISTERS’ FORUM MEETING HELD IN NEW DELHI
i. The 2nd India-Indonesia Biennial Trade Ministers’ Forum Meeting was held in New Delhi.
ii. Mr.Suresh Prabhu, Minister of Commerce and Industry of India, and Mr. Enggartiasto Lukita, Minister of Trade of the Republic of Indonesia participated in the meet.
iii. Higher Officials from both the countries also participated. Both the Ministers decided on arranging meeting of ‘the Working Group on Trade & Investment’, ‘the Working Group on Trade Facilitation & Remedies’ and ‘Meeting of Regulators’.
iv. Opportunities for joint ventures, textile machinery manufacturing, textile parks and Special Economic Zones were discussed.
v. Mr. Suresh Prabhu suggested Indonesia to make use of ‘Make in India’, ‘Invest India’ and ‘Start-up India’ initiatives.

2.   BILAL DAR FROM SRINAGAR BECOMES AN AMBASSADOR FOR SWACHHATA HI SEVA
i. Bilal Dar, a young boy from Srinagar has become the brand ambassador for Srinagar Municipal Corporation. Dar has been contributing to the  ‘Swachhta Abhiyan’ since the age of 12.
ii. 'Swachhta Hi Sewa’ campaign has turned out to be monetarily beneficial for residents and scrap buyers/dealers, besides helping in enhancing preventive measures against vector-borne diseases.

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DAILY CURRENT AFFAIRS: 26 SEP 2017

DAILY CURRENT AFFAIRS: 26 SEP 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      PM MODI LAUNCHED 'SAUBHAGYA SCHEME'
i. Prime Minister Narendra Modi has launched Sahaj Bijli Har Ghar Yojana or ‘Saubhagya’, to supply 24/7 electricity supply to poor households.
ii. The government stated that states will be required to complete the household electrification by March 31, 2019. The total outlay for the Saubhagya scheme will be Rs 16,320 cr.

2.      PM NARENDRA MODI FORMS ECONOMIC ADVISORY COUNCIL
i. PM Narendra Modi reconstituted the Economic Advisory Council to guide him on economic issues and appointed economist Bibek Debroy as its chairman. Debroy is a member of government think tank Niti Aayog.
ii. The council has been defunct since former RBI governor C Rangarajan resigned as its chairman. The 4 other part-time EAC members are Surjit Bhalla, Rathin Roy, Ashima Goyal and Ratan Watal.

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DAILY CURRENT AFFAIRS: 25 SEP 2017

DAILY CURRENT AFFAIRS: 25 SEP 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      DR.HARSHVARDHAN LAUNCHES PT. DEEN DAYAL UPADHAYAY VIGYAN GRAM SANKUL PARIYOJANA
i. The Minister of Science & Technology, Earth Sciences & Environment, Forest & Climate Change, Dr.Harshvardhan launched ‘Pt. Deen Dayal Upadhayay Vigyan Gram Sankul Pariyojana’ in Uttarakhand.
ii. This project has been inspired by teachings and ideals of Pandit Deen Dayal Upadhayay. Department of Science and Technology has planned to adopt a few clusters of villages in Uttarakhand and make them self-sustainable using the tools of Science and Technology.
iii. The main idea of this project is to acquire local resources and skill sets and transform them using science and technology. So the value addition is imparted to the local products and services, which would develop the rural community.
iv. Four clusters at Gaindikhata, Bazeera, Bhigun (in Garhwal) and Kausani (in Kumaon) have been selected in Uttarakhand.

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Thursday, September 28, 2017

DAILY CURRENT AFFAIRS: 24 SEP 2017

DAILY CURRENT AFFAIRS: 24 SEP 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.   NARENDRA MODI’S VISIT TO VARANASI, INAUGURATES 17 PROJECTS, LAYS FOUNDATION STONE FOR SIX MORE
i. Prime Minister Mr.Narendra Modi visited Varanasi in Uttar Pradesh and inaugurated 17 projects. He digitally laid foundation stones for 6 more projects.
ii. Mr. Modi inaugurated the Deendayal Hastkala Sankul, a Trade Facilitation Centre, at Bada Lalpur, Varanasi.The facility has been named after former BJP President Mr. Deen Dayal Upadhyaya.
iii. The Prime Minister dedicated it to the nation. It focuses on handicrafts. Modi flagged off the Vadodara-Varanasi weekly express remotely through a video link.
iv. Mr. Modi inaugurated banking services of the Utkarsh Bank in Varanasi. He also laid foundation stone for the headquarters building of the bank. This bank focuses on micro-finance.

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Wednesday, September 27, 2017

DAILY CURRENT AFFAIRS: 22 SEP 2017

DAILY CURRENT AFFAIRS: 22 SEP 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      CABINET APPROVES REVAMPED KHELO INDIA PROGRAM
i. The Union Cabinet has approved the revamped Khelo India program at a cost of Rs.1,756 cr for the period 2017-18 to 2019-20.
ii. The Programme aims at mainstreaming sport as a tool for individual development, community development, economic development and national development.
iii. An unprecedented Pan Indian Sports Scholarship scheme, which would cover 1,000 most talented young athletes. This is the 1st time ever that a long-term athlete development pathway would be made available to gifted and talented youngsters to excel in competitive sports.
iv. The Program aims to promote 20 universities across the country as hubs of sporting excellence, which would enable talented sportspersons to pursue the dual pathway of education and competitive sports. 

2.      WORLD TRADE TO GROW AT HIGHER 3.6% IN 2017: WTO
i. World trade in goods is estimated to grow at a higher 3.6% in 2017 compared to 1.6% increase in 2016, according to revised estimates circulated by the World Trade Organisation.
ii. Growth in global trade was earlier projected at 2.4% in 2017 by the WTO, which attributed the improved outlook to a resurgence of Asian trade flows. This was mainly due to intra-regional shipments picking up and a recovery in import demand in North America.

3.      INDIA REPLACES CHINA AS TOP RETAIL DESTINATION IN 2017
i. India has replaced China as the top retail destination in 2017 as part of the global retail development index. The change in ranking was an outcome of 4 factors including increased consumer spending beyond essentials, rising mobile and internet penetration, favorable foreign investment climate and bold action on cashless transaction and GST.
ii. In addition to the bigger retailers and brands, the mid-size brands from across the world are also looking to cash on the relaxed retail policy in India.

4.      ZANNAH MUSTAPHA WINS UNHCR NANSEN REFUGEE AWARD
i. A Nigerian, Zannah Mustapha has won the UN High Commission for Refugees 2017 Nansen Refugees Award. He is the Director of Future Prowess Islamic Foundation School. Mr. Mustapha is the first Nigerian recipient of the award.
ii. Mr. Mustapha was chosen as the winner of the award for his humanitarian work in championing the rights of children.

5.      OFFICIAL SLOGAN AND EMBLEM OF FIFA WOMEN’S WORLD CUP FRANCE 2019 LAUNCHED
i. The official emblem and slogan for FIFA Women's World Cup France 2019 were unveiled in Paris, France. The emblem features the competition trophy wrapped in blue and white, with eight shards of light around football at the top of the trophy symbolizing the eighth edition of the FIFA Women's World Cup.
ii. The slogan of the tournament "Dare To Shine" reflects the development of football, especially women's football.

6.      WEST BENGAL GETS $300 MILLION LOAN FROM ADB FOR FISCAL REFORMS
i. Asian Development Bank has approved a loan of $ 300 million to carry out fiscal reforms in West Bengal to make public services more accessible, affordable, and high quality.
ii. The reforms would be implemented in a period of 2 years. The reforms include linking medium term expenditure plans to actual budgets, strengthening internal audit system and enhancements in the integrated financial management system.
iii. The reforms also include improved tax monitoring and support for information technology systems in tax and land administration.
iv. Gross state domestic product is expected to rise to 2.2 % by 2021- 2022 after these reforms.

7.      DR.SEKHAR BASU ATTENDED 61ST IAEA GENERAL CONFERENCE IN VIENNA, AUSTRIA
i. Dr.Sekhar Basu, Chairman of Atomic Energy Commission and Secretary of Department of Atomic Energy attended the 61st IAEA General Conference held in Vienna, Austria.
ii. The 61st Annual International Atomic Energy Agency General Conference is conducted  at the Vienna International Centre in Vienna, Austria.
iii. Representatives of IAEA Member States discuss various issues in the Conference. Dr.Sekhar Basu announced that India is collaborating with Russia to build the Roppur power plant in Bangladesh, at the IAEA General Conference. This is India’s first atomic energy plant abroad.

8.      B SAMBAMURTHY APPOINTED AS NPCI INTERIM BOARD CHAIRMAN
i. The Board of National Payments Corporation of India has appointed of B Sambamurthy as interim Chairman of the Board.
ii. NPCI is an umbrella organisation for all retail payment systems in the country. Sambamurthy has replaced Balachandran M.
iii. Prior to that Sambamurthy was formerly Director and CEO of Institute for Development and Research in Banking Technology and Chairman and Managing Director of Corporation Bank.

9.      FINO PAYMENTS BANK LAUNCHES MOBILE BANKING APP – BPAY
i. Fino Payments Bank launched its mobile banking app called BPay in India. BPay is an extension of its already existing wallet in the same name that was launched in December 2016.
ii. This app enables simple, paperless and convenient banking that allows customers to make bill payments, recharges, fund transfers and buy insurance. It also allows customers to access wallet as well as savings account, with a single login.
iii. Also, people can open Fino bank account from BPay mobile app. More customer-centric features would be added to BPay in future.

10.  INTERNATIONAL DAY OF PEACE: SEPTEMBER 21, 2017
i. The International Day of Peace is observed around the world on 21 September. The General Assembly has declared this as a day devoted to strengthening the ideals of peace, both within and among all nations and peoples.
ii. The theme for 2017 is “Together for Peace: Respect, Safety and Dignity for All.”
iii. The theme defines the spirit of TOGETHER, a global initiative that promotes respect, safety and dignity for everyone forced to flee their homes and those leaving in search of a better life.
iv. The International Day of Peace focuses on engaging and mobilizing people throughout the world to show support for refugees and migrants. It is about bringing people together and reminding them of their common humanity.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. WHICH STATE HAS RECEIVED $300 MILLION LOAN FROM ASIAN DEVELOPMENT BANK FOR FISCAL REFORMS?
a)  West Bengal
b)  Gujarat
c)  Sikkim
d)  Bihar
Q2. WHERE DID THE 61ST IAEA GENERAL CONFERENCE HELD?
a)  Budapest , Hungary
b)  Vienna, Austria
c)  Hamburg , Germany
d)  Moscow, Russia
Q3. TO WHICH ORGANIZATION B SAMBAMURTHY APPOINTED AS INTERIM CHAIRMAN OF THE BOARD?
a)  NBTC
b)  NACP
c)  NPCI
d)  NBCC
Q4. LAWYER ZANNAH MUSTAPHA’S WAS AWARDED WITH UNHCR TOP UN PEACE PRIZE. HE BELONGS TO WHICH COUNTRY? 
a)  Austria
b)  South Africa
c)  Cuba
d)  Nigeria
Q5. WHICH OF THE FOLLOWING BANK HAS LAUNCHED ITS MOBILE BANKING APP CALLED BPAY IN INDIA?
a)  Catholic Syrian Bank
b)  Fino Payment Bank
c)  RBL Bank
d)  Federal Bank

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


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