Current Affairs Today – December, 15th, 2017 | Latest News and Updates

0
150

INDIAN AFFAIRS

India to Host 3rd Annual Meeting of Board of Governors of AIIB

  1. India has been going to host the 3rd Annual Meeting of the Board of Governors of AIIB at Mumbai on 25th and 26th June 2018. The Theme of the Annual Meeting, 2018 will be “Mobilizing Finance for Infrastructure: Innovation and Collaboration”.
  2. The Government of India and Asian Infrastructure Investment Bank (AIIB) Secretariat on wednesday has signed the Memorandum of Understanding (MoU) to delineate the duties and responsibilities of major stakeholders that will be in the term of the organizing the aforesaid Annual Meeting.
  3. The Memorandum of Understanding that has signed at the term of the Government of India by Shri Sameer Kumar Khare, Joint Secretary (Multilateral Institutions Division), Department of Economic Affairs (DEA), M/o Finance and by Mr Danny Alexander, AIIB’s Vice-President and Corporate Secretary on behalf of AIIB.
  4. The sign of the memorandum of the understanding has been done at the Ministry of Finance in North Block in New Delhi today in the august presence of Shri Subhash Chandra Garg, Secretary (Economic Affairs) and Dr. M.M. Kutty, Additional Secretary (Economic Affairs) and other senior officers of the Government of India and AIIB.

KEYS:

  1. The Asian Infrastructure Investment Bank is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region
  2. Headquarters: Beijing, China
  3. President: Jin Liqun
  4. Membership: 58 Members; 22 prospective members
  5. Region served: Asia and Oceania
  6. Purpose: Crediting
  7. Main organ: Board of Governors; Board of Directors
  8. Legal status: Treaty

 

Rajasthan, First in India to Offer e-mail IDs in Hindi

  1. Rajasthan now has become the first state that will available the free e-mail address in Hindi to its residents. The facility —[email protected] (in Devanagari script) this will guide the millions of new users who are not comfortable with English e-mail ids, officials said.
  2. “During Digifest Kota in August 2017, chief minister Vasundhara Raje had shown the intent to have a vernacular e-mail service for the residents who are not fluent in English as she felt that language should not be a hindrance for anybody using emails or electronic communication. Hence, the vernacular e-mail, in Hindi, was launched on December 3. Rajasthan is the first, and currently the only state, to have a vernacular e-mail,” principal secretary, department of information technology and communications, Akhil Arora, told HT.
  3. “The initiative will ensure maximum participation of people towards e-governance and also that maximum facilities are available in vernacular language. This e-mail is small part of the bigger picture ‘Rajasthan DigiKit’ which has an enrollment of more than one crore people,” he said.
  4. On the basis of the TRAI, total Internet subscribers in India are just about 30 per cent of the country’s population. So, about 70 percent of population is not having access to the Internet and most of these belong to rural India.

KEYS:

  1. The Telecom Regulatory Authority of India is the regulator of the telecommunications sector in India
  2. Founded: 20 February 1997
  3. Sector: Telecommunications
  4. Jurisdiction: India
  5. Headquarters: New Delhi
  6. Agency executive: Ram Sewak Sharma (Chairman), Sudhir Gupta
  7. Regulatory agency executives: R. S. Sharma, Chairman; Sunil Kumar Gupta, Secretary;

 

Official logo for Allahabad Mahakumbh Mela 2019 released in Lucknow

  1. The rename in the starting that is of the Ardh Kumbh as the (full-fledged) Kumbh, the Yogi Adityanath government has now changed the logo for the world-famous event in an apparent bid to depict Hindutva more effectively.
  2. The (Ardh) Kumbh has been decided to held in next year at Allahabad in 2019 and the state government plans to make it a memorable event that is likely to come amidst the Lok Sabha elections in the country.
  3. In the new logo comprises the Om symbol, a kalash (pitcher) apart from the three rivers—the Ganga, the Yumuna and the Saraswati that converge at the Triveni Sangam in Allahabad.
  4. “The Om icon will be at the bottom and above it will be the three rivers. The Kalash that also means Kumbh will be at the top,” a tourism department official told HT.
  5. The 2013 Kumbh had Kalash as its logo. “Generally, the Kalash has been the logo all these years with minor changes at times. This is probably the first time when it is being revised thoroughly,” the official said.

 

INTERNATIONAL AFFAIRS

The second UN World Tourism Organization/UNESCO World Conference on Tourism and Culture was held in Muscat, Capital city of Oman

  1. The Minister of State for Culture (Independent Charge) and Environment, Forest & Climate Change, Dr. Mahesh Sharma has headed the Indian delegation to the second UN World Tourism Organization/UNESCO World Conference on Tourism and Culture, and has focused on the development, which was held in Muscat, Capital city of Oman, during 11-12th December, 2017.
  2. “The Sultanate of Oman is richly endowed with many diversified natural resources spread in all governorates of the country, in addition to a rich historical and cultural heritage, which dates back to many centuries in the history of humanity. Our main long-term objective is to achieve economic diversification, together with upgrading the direct and indirect contribution of the sector in GDP, provision of direct and indirect employment opportunities for the national labour force, enhancing government revenues, supporting the balance of payments and achieve the highest level of regional development” said H.E. Ahmed Nasser Al Mahrizi, Minister of Tourism of Oman, opening the meeting.
  3. “Two years ago we met in Cambodia for the First UNWTO/UNESCO Tourism and Culture Conference. Today am very pleased that we reassume this dialogue here in Muscat. A dialogue that should happen every day around the globe. Yet that often finds itself limited by us living in separate silos”, said UNWTO Secretary-General Taleb Rifai.
  4. “With over 1.2 billion people now crossing international borders each year, tourism represents a golden opportunity to break down barriers of ignorance and prejudice. It plays an important role as a vehicle for inter-cultural dialogue and, ultimately, peace.”, said Francesco Bandarin, UNESCO Assistant Director-General on Culture, in his opening speech, on behalf of UNESCO Director-General, Audrey Azoulay. “UNESCO and UNWTO are also united in our commitment to tackling the challenges of poverty and development through sustainable tourism,” he added.

 

AIIB Grants 1st loan to China to Reduce Dependence on Coal

  1. The Asian Infrastructure Investment Bank (AIIB) has been given the approval for the first loan to China, its largest shareholder, to reduce its dependence on coal by over 600,000 tonnes annually by building a natural gas distribution network for villages.
  2. The USD 250-million-loan will fund a project to connect 216,750 households in approximately 510 villages to the natural gas distribution network, the bank said.
  3. The project is expected to reduce annual carbon dioxide emissions by 595,700 tonnes, particulate matter by 3,700 tonnes, sulfur dioxide by 1,488 tonnes and nitrogen oxide by 4,442 tonnes, it said in a statement.
  4. With an authorised capital of USD 100 billion, China is the largest shareholder with 26.06 per cent voting shares. India is the second largest shareholder with 7.5 per cent followed by Russia 5.93 per cent and Germany 4.5 per cent.

KEYS:

  1. The Asian Infrastructure Investment Bank is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region
  2. Headquarters: Beijing, China
  3. President: Jin Liqun
  4. Membership: 58 Members; 22 prospective members
  5. Region served: Asia and Oceania
  6. Purpose: Crediting
  7. Main organ: Board of Governors; Board of Directors
  8. Legal status: Treaty

BANKING AND FINANCE

RBI Raises FPI Limit in G-Secs, State Development Loans

  1. The Reserve Bank of India on Tuesday has said that the limits for investment by foreign portfolio investors (FPIs) for the January-March 2018 quarterhas that has been increased by ₹6,400 crore in Central Government Securities (G-Secs) and ₹5,800 crore in State development loans (SDLs).
  2. In the month of the next year that is from the January 1, 2018, the revised investment limit for FPIs in G-Secs will be ₹2,56,400 crore against the existing limit of ₹2,50,000 crore.
  3. Within G-Secs, the general investment limit has been increased by the ₹1,600 crore to ₹1,91,300 crore and the long-term investment limit by ₹4,800 crore to ₹65,100 crore. The revised investment limit for FPIs in SDLs will be ₹45,100 crore against the existing limit of ₹39,300 crore.
  4. Within SDLs, the general investment limit has been enhanced by ₹1,500 crore to ₹31,500 crore and the long-term investment limit by ₹4,300 crore to ₹13,600 crore.

 

ADB Lowers India’s GDP forecast for FY18 to 6.7%

  1. The Asian Development Bank (ADB) has decreases the India’s GDP forecast for the current fiscal by 0.3 per cent to 6.7 per cent, and in that there has been the growth of the first half, demonetisation and transitory challenges of tax sector reforms.
  2. In this, there has been also the decrement of the gross domestic product (GDP) outlook for next fiscal beginning from March 2018 to 7.3 per cent from 7.4 per cent mainly due to rising global crude oil prices and soft growth in private sector investment.
  3. “Owing to tepid growth in the first half of 2017-18, the lingering effects of demonetisation in November 2016, transitory challenges of a new tax system, and some risks to agriculture stemming from a spotty monsoon in 2017, the economy is now expected to grow by 6.7 per cent, slower than the 7 per cent forecast in the (September) Update,” ADB said in a supplement to its Asian Development Outlook (ADO) today.
  4. India, the largest economy South Asia, rebounded to 6.3 per cent growth in the second quarter of this fiscal from 5.7 per cent in the first quarter, reversing five consecutive quarters of deceleration.

KEYS:

  1. The Asian Development Bank is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in Mandaluyong, Metro Manila, Philippines
  2. Headquarters: Mandaluyong, Philippines
  3. President: Takehiko Nakao
  4. Founded: 19 December 1966
  5. Membership: 67 countries
  6. Purpose: Economic development
  7. Subsidiaries: Asian Development Bank Institute

 

Deadline to link Aadhar with bank account extends to March 31

  1. The December 31 deadline for linking Aadhaar to bank accounts has been extended by the government because of the matter of the Supreme Court. The last of the liniking of the Unique Identification number and the PAN to accounts more than six months old is March 31, 2018.
  2. A government statement said, “The rule under the 2002 Prevention of Money Laundering Act, had been amended. For accounts opened after June 1, 2017, Aadhaar, Permanent Account Number or PAN and Form 60 will have to be submitted within six months of opening or by March 31, 2018 — the later date will be the deadline. For older accounts, the deadline is March 31, 2018.”
  3. “It has been decided by the Government to notify 31st March, 2018 or six months from the date of commencement of bank account based relationship by the client, whichever is later, as the date of submission of Aadhaar number & PAN or Form 60 by the clients to the reporting entity,” a tweet by the Ministry of Finance said.

SPORTS

India Becomes 1st Ever Team to Register Hundred 300+ ODI Totals

  1. India has won the second ODI against Sri Lanka in Mohali on Wednesday (December 13) as an opportunity to score their 100th 300-plus team total, becoming the first to achieve the feat.
Team Total Overs Against Venue Date Result ODI#
Aus 328/5 60 SL The Oval 11 Jun 75 Won 9
Afg 302/5 50 UAE Kuala Lumpur 2 May 14 Won 33
Ban 301/7 50 Kenya Bogra 17 Mar 06 Won 119
Eng 334/4 60 India Lord’s 7 Jun 75 Won 16
Ind 305/5 50 Pak Sharjah 15 Apr 96 Won 283
Ire 308/7 50 Can Nairobi 4 Feb 07 Lost 7
NZ 309/5 60 East Africa Edgbaston 7 Jun 75 Won 8
Pak 330/6 60 SL Trent Bridge 14 Jun 75 Won 6
SA 314/7 50 NZ Centurion 11 Dec 94 Won 65
SL 313/7 49.2 Zim New Plymouth 23 Feb 92 Won 125
WI 313/9 50 Aus St John’s 22 Feb 78 Won 13
Zim 312/4 50 SL New Plymouth 23 Feb 92 Lost 13

 

AWARDS & RECOGNITION

Shubhankar Sharma Wins Joburg Open

  1. Shubhankar Sharma has been going for the some of the closing 69 and win a first European Tour title at the weather-delayed Joburg Open. Heavy storms on Sunday forced the event at Randpark Golf Club into a fifth day, with Sharma holding a four-shot lead with his ball on the eighth green when the hooter sounded.
  2. The Indian returned early on Monday morning to make his par and he birdied the next before finishing with nine pars to finish at 23 under, three shots clear of South African Erik van Rooyen.
  3. “Winning the Joburg Open on my first trip to South Africa is a wonderful feeling,” Sharma said soon after receiving the trophy from Johannesburg mayor and keen golfer Herman Mashaba. “I met my caddie for the first time last Monday (Dec 4) and we worked so well together. Heeding his advice was a key factor in my success. “Saving par on a number of holes thanks to up and downs played a significant role in keeping me at the top of the leaderboard.”

OBITUARY

Pat DiNizio, lead singer of the Smithereens, dies at 62

  1. Pat DiNizio, a singer and songwriter who has made popular rock songs as the leader of The Smithereens, died on Tuesday at age 62 years, his fellow band members say.
  2. “Today we mourn the loss of our friend, brother and bandmate Pat DiNizio,” said DiNizio’s fellow Smithereens Jim Babjak, Dennis Diken, and Mike Mesaros, in a Facebook posting that echoed one on Diken’s account. The Smithereens and DiNizio had a string of hit songs that have persisted among rock fans, from “A Girl like You” and “Behind The Wall Of Sleep” to “Only a Memory” and “Blood and Roses.”

IMPORTANT DAYS

International Tea Day

  1. International Tea Day has been celebrated annually on December 15. It has been celebrated since 2005 in tea producing countries like Bangladesh, Sri Lanka, Nepal, Vietnam, Indonesia, Kenya, Malawi, Malaysia, Uganda, India and Tanzania.
  2. International Tea Day aims to draw global attention of governments and citizens to the impact of the global tea trade on workers and growers, and has been linked to requests for price supports and fair trade.
  3. After initial discussions at the World Social Forum in 2004, the first International Tea Day was celebrated in New Delhi in 2005, with later celebrations organized in Sri Lanka in 2006 and 2008. International Tea Day celebrations and the related Global Tea Conferences have been jointly organized by trade union movements.

 

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here