Banking Awareness 31st January 2017 | Financial Affairs 31st January 2017.

1.A P Singh appointed interim head of India Post Payments Bank

  • The Union Government has appointed A P Singh as the interim Managing Director and CEO of India Post Payments Bank (IPPB), floated by the postal department.
  • He is a 1986 batch Indian Postal Service officer.
  • He was the joint secretary of the Department of Investment and Public Asset Management and has served as the deputy director general in charge of financial inclusion and payment systems in the founding team of UIDAI.

 

2.Cabinet approves Udaan scheme till 2019-20

• Udaan provides exposure to the youth of Jammu and Kashmir to the best of corporate India

• 67 leading corporates have partnered with National Skill Development Corporation (NSDC) under Udaan with a commitment to training youth from the state covering Organised Retail, Banking, Financial Services, IT, ITES, Infrastructure, Hospitality etc.

 

 

3.Alibaba’s financial arm acquires MoneyGram

• “The acquisition of MoneyGram is a significant milestone in our mission to bring inclusive financial services to users around the world.”
• Eric Jing, chief executive officer of Ant Financial Services Group in a statement last night.

 

 

4. Sebi cautions investors against unauthorised fundraising

• Sebi has cautioned investors against unlisted firms issuing securities without complying with the market norms.
• It advised investors to ensure that the companies seeking to raise funds have filed offer documents or applications with stock exchanges for listing.

 

5. Metal prices to climb in 2017: World Bank

 

• “Metal prices are projected to increase by 11 percent in 2017 due to tightening markets for most metals.
• “The largest gains are expected in zinc (27 percent) and lead (18 percent) due to mine supply constraints brought on by permanent and discretionary closures.
• Double-digit gains are also expected for copper, nickel, and tin.”

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General Awareness 31st January 2017 | Current Affairs 31st January 2017.

1.INSAT-3DR to map farm fires in Haryana, Punjab+

 

  • A team of the Satellite Meteorology Division of India Meteorological Department (IMD), housed in New Delhi’s Mausam Bhawan, has amassed a huge tranche of data relayed by it over the past few months, at an average rate of a whopping 142 GB per day.
  • Launched in September last year, INSAT-3DR works in tandem with INSAT-3D, operational since 2014, in sending raw data and high-resolution images, zoomed up to 1 kilometre near the earth’s surface, every 15 minutes.

 

2.Sindhu, Sameer triumph at Syed Modi Grand Prix Gold

 

PV Sindhu and national champion Sameer Verma began the new season on a resounding note by winning the women’s and men’s singles crowns respectively at the $120,000 Syed Modi Grand Prix Gold badminton tournament here on 29.1.17

 

 

3.Farm sector looks to Jaitley for relief

 

Farmer organizations want the Modi government to spell out a clear strategy to double income of farmers in three years, provide the income guarantee, bring in a more effective regime for support price, increase farm allocation and compensate farmers for losses from demonetisation.

 

 

4.Hollywood Legend & Harry Potter actor John Hurt dies at 77

 

  • Elephant Man star, 77, had acclaimed career that spanned more than six decades.
  • He beat pancreatic cancer in 2015 but continued to suffer from health problems.
  • Tributes for the actor poured in from Mel Brooks, Elijah Woods, Bonnie Wright, Chris Evans, Stephen Colbert and Stephen Fry.

 

 

5.HL Dattu appointed to International Human Rights body

 

Chairperson of the National Human Rights Commission (NHRC) and former Chief Justice of India HL Dattu was Tuesday appointed a member of the International Coordinating Committee of National Human Rights Institutions (ICC) Bureau in Geneva.

 

 

6.Supreme Court appoints former CAG Vinod Rai to head BCCI

 

The Supreme Court on 30.1.17 appointed a committee of four administrators headed by former Comptroller and Auditor General Vinod Rai to manage the affairs of world’s richest cricket body BCCI after its president and other top office bearers were barred from cricket administration.

 

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Economic Survey 2017 tabled in Parliament

Union finance minister Arun Jaitley tabled the Economic Survey 2016-17 in Parliament during the first day of the budget session. Here are the most important highlights from the Survey. The Economic Survey 2017 has been prepared by a chief economic adviser in the finance ministry Arvind Subramanian who said the adverse impact of demonetisation on gross domestic product growth will be transitional.

Delhi : Union finance minister Arun Jaitley on 31 January 2017 tabled the Economic Survey 2016-17 in Parliament budget session. The survey projects the economy to grow in the range of 6.75% to 7.25% in the next fiscal year 2017-18 in the post-demonetisation year.

The survey prepared by a chief economic adviser in the finance ministry Arvind Subramanian said the adverse impact of demonetisation on gross domestic product growth will be transitional. The Economic Survey 2016-17 advocates the concept of Universal Basic income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty.

Here are the key highlights from the Economic Survey 2016-17:

■ Gross domestic product (GDP) growth in 2016-17 to dip to 6.5%, down from 7.6% in last fiscal.

■ Economic growth to rebound to 6.75 to 7.5% in 2017-18.

■ Economic Survey sees the fiscal windfall from Pradhan Mantri Garib Kalyan Yojana, low oil costs.

Economic Survey bats for Universal Basic income

■ Farm sector to grow at 4.1% in the current fiscal, up from 1.2% in 2015-16.

■ Fiscal gains from goods and Services Tax (GST) will take a time to realize.

■ The growth rate of industrial sector estimated to moderate to 5.2% in 2016-17 from 7.4% last fiscal.

■ The survey prepared by Chief Economic adviser in the finance ministry Arvind Subramanian said the adverse impact of demonetisation on gross domestic product growth will be transitional.

■ The Economic Survey 2016-17 has advocated the conception of Universal Basic income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty. In his budget speech earlier this month, J&K finance minister Haseeb Drabu said he would need to make a social security fund and supply a UBI to all those living below the poverty line through a right away profit transfer system.

General Awareness 29th January 2017 | Current Affairs 29th January 2017.

1. A look at Trump’s executive order on refugees, immigration

Making major changes in the country’s policies.

  • United States President Donald Trump signed an executive order making major changes in the country’s policies on refugees and immigration.
  • Mr. Trump’s order directs the State Department to stop issuing visas to Syrian nationals and halts the processing of Syrian refugees.

Ban

Three-month ban in the directive applied to Iraq, Syria, Iran, Sudan, Libya, Somalia and Yemen.

2. Only love, no jihad: RLD fields couples who broke the communal divide.

Aimed at winning the support of the communities of both man and wife.

  • Facing a test of survival in Uttar Pradesh, the Rashtriya Lok Dal has come up with a strategy of getting the votes of Jats and Muslims.
  • The Muzaffarnagar riots of 2013 have dented the vote base of the party in the two communities.

    Rashtriya Lok Dal

RLD’s counter to the Hindutva group’s propaganda of “love jihad”.

3. Three weeks on, five missing Pakistani rights activists return home.

Five bloggers and rights activists missing since first week of January.

  • The relatives of the missing had registered cases of their disappearance with police. Police said it will investigate into their disappearance.
  • Families of the bloggers confirmed that all of them are safe. They declined to comment further.

Five bloggers

Salman Haider, Waqas Goraya, Ahmed Raza Naseer, Aasim Saeed and Samar Abbas.

4. When White House blocked U.K. scribes from covering Trump-May meet

Their birth dates, recorded in British format

  • Some British reporters have complained that they were unable or delayed in entering the White House to cover their Prime Minister Theresa May’s meeting with United States President Donald Trump.
  • CNN reported that Secret Service officers were baffled that the journalists’ birth dates did not match what had been recorded by security personnel.

Theresa May

Prime Minister of the United Kingdom.

5. Modi’s ‘Mann ki baat’ gets EC nod

PM’s radio programme as the Model Code of Conduct is in force

  • The Election Commission has given a go ahead to the next episode of Prime Minister Narendra Modi’s ‘Mann ki baat’ programme to be aired.
  • The government had approached the Commission seeking clearance for the regular radio programme as Model Code of Conduct is in force in Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur which are going for assembly polls between February 4 and March 8.

Model Code of Conduct

It is in force in Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur.

6. Film industry unites to condemn attack on Bhansali in Jaipur

Bhansali was assaulted by activists of a Rajput community group.

Film industry has come together to condemn the attack on director Sanjay Leela Bhansali during the shooting of his directorial venture Padmavati in Jaipur calling it “appalling”, “ridiculous” and “mockery of democracy”

Rajput community

Attacked Bhansali who was shooting for his film in Jaipur’s Jaigarh Fort.

 

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Banking Awareness 29th January 2017 | Financial Affairs 29th January 2017.

1. Investors brace for transaction tax hike, less friendly Budget

Negative impact by lowering corporate tax rates, mitigating note ban impact.

Investors in India are bracing for higher taxes and fewer incentives from the government’s annual Budget on February 1, as the focus shifts to wringing out revenues to finance giveaways and higher public investment.

GAAR

General anti-avoidance rule (GAAR) is an anti-tax avoidance Rule of India.

2. US economic growth slows to 1.9% in Q4; weakest in 5 years

Steady consumer spending and rising business investment.

US economic growth slowed sharply in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but steady consumer spending and rising business investment suggested the economy would continue to expand.

$48.7 billion

Accumulated inventories at this rate in the last quarter.

3. ‘Desh’ to set up India’s largest start-up incubator at Hubballi

Incubator in Hubballi will be sector-agnostic

The Deshpande Foundation, the philanthropy arm of Silicon Valley entrepreneur Gururaj ‘Desh’ Deshpande, will launch the country’s largest start-up incubation centre here (earlier Hubli), alongside the new campus of information technology giant Infosys.

Incubation centre

To be opened this September and able to seat 1,200 people at any point.

4. L&T Q3 net up 39% at Rs 972 cr, co says note ban ‘a disruptor’

 

The infrastructure conglomerate’s total is Rs 26,286.98 crore.

  • Larsen & Toubro (L&T), has reported a 38.85 per cent jump in its consolidated net profit at Rs 972 crore for the December quarter.
  • The company has said that the government’s “cashless economy” efforts have caused .”disruption” and its impact on business is yet to be assessed.

Larsen & Toubro

Indian MNC that is into technology, engineering, construction, manufacturing and financial services.

5. Kyocera introduces new washable smartphone in Japan

Japan-based Kyocera has introduced a new “rafre”

Japan-based Kyocera has introduced a new “rafre” washable smartphone that features resistance to hot water and a touchscreen that be can be used even when the user’s hands are wet or when wearing gloves.

March 2017

Launch date for this phone.

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Banking Awareness 28th January 2017 | Financial Affairs 28th January 2018.

1. ITC shares down 3%;

mcap dips by Rs 8,786 cr post Q3 results

Shares of ITC Ltd fell by 3 per cent, eroding from its market valuation, after the company’s December quarter earnings failed to cheer investors.

ITC

Founded on 24 August 1910 (as Imperial Tobacco Company of India).

2. Systemic reform will improve ease of doing business: Nirmala

Citing competitive advantages that Andhra Pradesh posses

Seeking private investment, Commerce and Industry Minister Nirmala Sitharaman said systemic reforms being pushed by the government may have some short term pain but will make India an easier place to do business.

Nirmala Sitharaman

Minister of State (Independent Charge) for the Ministry of Commerce & Industry.

3. Aditya Birla Group to invest Rs 7,000 cr in Andhra

The company has set up a cement plant with capacity of 5.6 million tonnes.

  • Chairman Kumar Mangalam Birla said that Aditya Birla Group plans to invest Rs 7,000 crore in the next two years in Andhra Pradesh on expanding existing businesses.
  • The conglomerate already has investments of Rs 10,000 crore in the state across sectors like telecom, retail and cement.

Kumar Mangalam Birla

Chairman Aditya Birla Group.

4. Navy kicks off global search for a carrier-borne fighter.

Leaving Tejas out in the cold, navy reaches out to global vendors

After declaring last month that the indigenous Tejas light combat aircraft (LCA) was not suitable for operations off an aircraft carrier, the Indian Navy has declared its interest in buying “approximately 57” multi-role carrier borne fighters (MRCBF) for deck operations.

Carrier-based aircraft

They are naval aircraft designed specifically for operations from aircraft carriers.

5. Demonetisation, GST to fetch more revenues to govt: Jaitley

He put up a spirited defence of demonetization.

Finance Minister Arun Jaitley today put up a spirited defence of demonetisation, saying the drive “shook” the financial system for a short while, but will integrate the shadow economy with the formal in the long run and ensure better tax compliance.

Revenue

  • New indirect tax regime will make India one single market.
  • Eliminate multiple assessments.
  • Check evasion and bring more revenues into the system.

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Current Affairs 28th January 2017 | General Awareness 28th January 2017.

1. Osama bin Laden photos shown during jallikattu protests: Panneerselvam

Chief Minister makes a detailed statement.

Tamil Nadu Chief Minister O. Panneerselvam said various “anti-social elements” and organisations “infiltrated” the week-long pro-jallikattu protests on the Marina Beach in Chennai with the intention of “diverting” it.

O. Panneerselvam

Tamil Nadu Chief Minister.

2. Amarinder is Congress’ CM candidate for Punjab

Party vice president Rahul Gandhi announced it.

  • Capt. (retd.) Amarinder Singh is the chief ministerial candidate of the Congress for Punjab, party vice president Rahul Gandhi announced at a rally in Majitha.
  • Without explicitly naming AAP convener Arvind Kejriwal, Mr. Gandhi said that he aspired to be Chief Minister of both Delhi and Punjab.

Punjab

Sikhism is the majority religion in Punjab practised by 57.69% of the population.

3. Centre will go the extra mile to develop AP: Jaitley

The 23rd edition of CII Partnership Summit

The 23rd edition of CII Partnership Summit-cum-Second Sunrise Andhra Pradesh Investment Summit got off to a colourful start here with Union Finance Minister Arun Jaitley praising high the leadership of Chief Minister N. Chandrababu Naidu and stressing that the Centre would go the extra mile to develop the newly-carved out State on all fronts.

Second successive year

2,000 delegates, including 350 from 50 countries.

4. CBSE revises Class X, XII exam time table

The CBSE had advanced the board exam dates

  • Addressing students’ concerns about the schedule of some papers, the Central Board of Secondary Education (CBSE) has changed the examination dates of a few subjects of Class X and XII.
  • The CBSE had advanced the board exam dates by nine days in the wake of elections in five states.

10,98,420

No of students will appear for the Class XII board exam.

5. Pak. teens held in Uri not guilty?

The two, arrested are likely to be cleared of terror charges.

  • Two Pakistani teenagers, arrested for their alleged involvement in the terror attack on an Army camp in Uri last year, are likely to be cleared of terrorism charges.
  • They could be booked under milder Sections for illegally crossing over to India.

September 18

Uri Attack.

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