Current Affairs Today – December, 16th, 2017 | Latest News and Updates

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Current Affairs Today – December, 16th, 2017 | Latest News and Updates

INDIAN AFFAIRS

India Ranks 100 in Global Prosperity Index

India Ranks 100 in Global Prosperity Index

  1. India has get in the upper list of the four spots in the latest edition of the Legatum Prosperity Index. The country has now reached at the ranks 100th on the index, and that is up from 104th last year. Norway heads the ranking, followed by New Zealand, Finland, Switzerland and Sweden.
  2. This ranking has been done because of the some points: economic quality, business environment, governance, personal freedom, social capital, safety and security, education, health and natural environment.
  3. The points on the basis of ranking has done that is the nine pillars, India’s performance over the past year has improved the most on economic quality, business environment and governance. Much of this improvement is due to higher scores on international surveys conducted by Gallop and the World Economic Forum.
  4. The report also points out “Indonesia and India saw the largest falls in reported availability of adequate food since last year. In India, the number of people saying there had been times when they did not have enough to eat rose from 26 per cent to 35 per cent.” Presumably, this is based on the survey conducted by the Gallop World Poll that asked respondents — “Have there been times in the past 12 months when you did not have enough money to buy food that you or your family needed?”

 

India Signs Loan Agreement with World Bank for US$ 250 Million for SANKALP Project

India Signs Loan Agreement with World Bank for US$ 250 Million for SANKALP Project

  1. A Financing Agreement for IBRD loan of USD 250 million (equivalent) for the “Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) Project” was has been signed on Thursday with the World Bank. This Financing Agreement has been signed in New Delhi by Joint Secretary, Department of Economic Affairs Shri Sameer Kumar Khare on behalf of Government of India and Mr. Junaid Kamal Ahmad, Country Director, World Bank (India) on behalf of the World Bank.
  2. The main aim of the project is to enhance institutional mechanisms for skills development and increase access to quality and market-relevant training for the work force.
  3. The main aim of this project include Institutional Strengthening at the National and State Levels for Planning, Delivering, and Monitoring High-Quality Market-Relevant Training; Improved Quality and Market Relevance of Skills Development Programs; Improved access to and completion of skills training for female trainees and other disadvantaged groups; and Expanding skills training through private-public partnerships (PPPs).

KEYS:

  1. The World Bank is an international financial institution that provides loans to countries of the world for capital programs
  2. President: Jim Yong Kim
  3. CEO: Kristalina Georgieva (2 Jan 2017–)
  4. Headquarters: Washington, D.C., United States
  5. Subsidiaries: International Finance Corporation, MORE
  6. VPs: Antonella Bassani (Budget, Performance Review, Strategic Planning), MORE
  7. Parent organization: United Nations

 

Narendra Modi Inducts Scorpene-Class Submarine Kalvari into Indian Navy

  1. ”Kalvari is an excellent example of ‘Make in India’ and every defence vehicle, from helicopters to submarines, will be made in India,” says Prime Minister Modi after putting it into commission in Mumbai.
  2. Putting it into commission in Mumbai, Prime Minister Narendra Modi lauded the efforts of the Navy for its role from disaster management to combating piracy. “Be it terrorism via sea, piracy, drug smuggling or illegal fishing, India is playing an important role in combating them,” he said
  3. ”Kalvari is an excellent example of ‘Make in India’ and every defence vehicle, from helicopters to submarines, will be made in India,” he said.
  4. Defence Minister Nirmala Sitharaman said, “Peace in Indian Ocean, which is the lifeline of global trade is better off with INS Kalvari and her follow on submarines.”
  5. Kalvari is the first of the six Scorpene-class submarines that will be handed over by shipbuilder Mazagon Dock Limited (MDL) to the Navy. The submarines, designed by French naval defence and energy company DCNS, are being built by MDL in Mumbai as part of Project-75 of the Navy.
  6. “Kalvari is a potent Man o’ War capable of undertaking offensive operations spanning across the entire spectrum of Maritime Warfare. She embodies cutting-edge technology and compares favourably with the best in the world,” the Navy said in a statement on Wednesday.

KEYS:

  1. The Indian Navy is the naval branch of the Indian Armed Forces
  2. The President of India is the Supreme Commander of the Indian Navy
  3. The Chief of Naval Staff, a four-star Admiral, commands the navy
  4. Motto: शं नो वरुणः (Sanskrit); Sham No Varunaḥ (IAST); May the Lord of the Water be auspicious unto us (English)
  5. Garrison/HQ: Integrated Headquarters, Ministry of Defence (Navy)
  6. Founded: 5 September 1612
  7. Fighter: Mikoyan MiG-29K
  8. Size: 67,109
  9. Engagements: World War II, World War I

 

INTERNATIONAL AFFAIRS

Norway Becomes 1st Nation to Shut National Broadcasts on FM

Norway Becomes 1st Nation to Shut National Broadcasts on FM

  1. Norway on Wednesday has become the world’s first country to get off to down national broadcasts of its FM network by completing its transition to digital radio.
  2. Because of this transition, there will be the better sound quality, a greater number of channels and more functions, at a cost eight times lower than FM radio, according to authorities.
  3. The transition concerns only national radio channels.

 

India and Morocco Sign MoU for Enhanced Cooperation in Healthcare

India and Morocco Sign MoU for Enhanced Cooperation in Healthcare

  1. India and Morocco signed a Memorandum of Understanding (MoU) for the boost of the health sector, here today. Shri J P Nadda, Union Minister of Health & Family Welfare and Dr. Abdelkader Amara, Ministry of Health, Kingdom of Morocco has signed the MoU in the presence of senior officers from the Union Health Ministry and a high-level delegation from Morocco.
  2. Shri J P Nadda has said that the by this signed MoU there will be the many of the boostup will take place. He highlighted that India is producer of quality generic medicines and drugs that are exported to more than 200 countries and has a strong and robust public health system monitored through National Health Mission.
  3. He also gave the suggestion that the framework MOU between two countries, both the countries can work together in identified areas of cooperation as both countries have much to offer to each other in the field of health.
  4. Another MoU was signed between Jawaharlal Institute of Post Graduate Medical Education and Research (JIPMER), Puducherry and Marrakech Mohamed VI University Hospital, Morocco in the presence of both the Ministers.

KEYS:

  1. Non-communicable diseases, including child cardiovascular diseases and cancer;
  2. Drug Regulation and Pharmaceutical quality control;
  3. Communicable Diseases;
  4. Maternal, child and neonatal health;
  5. Hospital twinning for exchange of good practices and
  6. Training in administration and management of health services and Hospitals

India, Japan and Australia agree to greater collaboration to maritime security

  1. India, Japan and Australia on Wednesday has said that it has commited the peace, democracy, economic growth and a rules-based order in the Indo-Pacific region during a meeting in New Delhi.
  2. The four-nation “quad” of major democracies, which met in Manila on the margins of the East Asia Summit, is also seen as the possible nucleus of a probable new security architecture in Asia. The four countries are expected to come together for naval drills in the near future with China warily eyeing the “quadrilateral exchanges,” and stating its hope that the group and its actions are not directed against Beijing.
  3. A statement from the Indian government on the India-Australia-Japan trilateral talks said the three countries “highlighted the growing convergence of their respective countries’ interests in the Indo-Pacific region and underscored their shared commitment to peace, democracy, economic growth and a rules-based order in the region”.
  4. “The three countries underlined their support for ASEAN (Association of Southeast Asian Nations) centrality in the political and security architecture of the Indo-Pacific region,” the statement said. The countries also stressed the need for greater collaboration in the area of maritime security, disaster response, and counterterrorism and strengthening regional connectivity, it added.

 

BANKING AND FINANCE

OBOPAY Gets Pre-Paid Instrument License from RBI

OBOPAY Gets Pre-Paid Instrument License from RBI

  1. OBOPAY, the global mobile payment solutions company, has said that there has been the put of the secured of the licence for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in the country.
  2. “Using the PPI licence, OBOPAY will solve various payment related problems for their partner clients – bringing efficiency and transparency to the payments process, improving reporting and reducing turnaround times for funds transfers,” the company said.
  3. “The PPI licence combined with our technology expertise can be leveraged by organisations like financial institutions, or even independents who want to launch a mobile wallet,” said Shailendra Naidu, CEO, OBOPAY.
  4. “We are exploring partnerships with companies in sectors including SME (small and medium enterprises) lending, government subsidy disbursement, health and insurance payments, travel wallets, employee benefits, distribution and supply chain payments, shopping, toll plazas and education among others,” he said.
  5. “In the future, we will also be integrating our platform with UPI (Unified Payments Interface) as per the RBI’s latest interoperability guidelines. Customers on the OBOPAY platform will soon be able to transact with a variety of other platforms: other mobile wallets, UPI, banks etc.,” Naidu said.
  6. “The PPI licence can be implemented in a variety of industry segments. The licence will enable the customers to do everything a prepaid payment instrument does: P2P, cash-in, bill payments, mobile recharge, and shopping,” OBOPAY said.

 

Wholesale inflation jumps to 3.93% in November

Wholesale inflation jumps to 3.93% in November

  1. Inflation based on wholesale price index (WPI) has boosted the further to 3.93% in November because of the major increment in the onion prices and costlier seasonal vegetables, government data showed on Thursday.
  2. There was the 3.59% in October this year, and 1.82% in November 2016. Onion, a kitchen staple, witnessed a whopping 178.19% rise in inflation last month on annual basis.
  3. For the vegetables that meet in the season, the rate of price rise accelerated to 59.80%, against 36.61% in October.
  4. Protein-rich eggs, meat and fish as a category, however, grew at a slower pace of 4.73% in the month, against 5.76% in the preceding month.

 

 

SPORTS

BCCI Lifts Ban on Rajasthan Cricket Association

BCCI Lifts Ban on Rajasthan Cricket Association

  1. The Board of Control for Cricket in India (BCCI) on Monday has taken the decide that it will get out the ban on the Rajasthan Cricket Association (RCA) provided former IPL czar Lalit Modi stays away from its functioning.
  2. “Yes, the ban on the RCA has been lifted but with certain conditions,” BCCI acting President C.K. Khanna told shortly after the board’s Special General Meeting here on Monday.
  3. The RCA was suspended by the Indian cricket board in May 2014 when ex-Indian Premier League (IPL) Commissioner Modi was re-elected its president. Since its suspension in 2014, RCA’s cricket affairs are being looked after by the BCCI.
  4. The RCA filed a suit against its suspension by the BCCI, to which the board had asked the association to withdraw all pending cases and not to involve the cricket board in any case.

KEYS:

  1. The Board of Control for Cricket in India is the national governing body for cricket in India
  2. The board was formed in December 1928 as a society, registered under the Tamil Nadu Societies Registration Act.
  3. President: Vinod Rai
  4. Headquarters: Mumbai
  5. Founded: December 1928
  6. Affiliation: International Cricket Council
  7. Sport: Cricket

 

OBITUARY

Actor-Director Neeraj Vora Passes Away

Actor-Director Neeraj Vora Passes Away

  1. Bollywood actor and filmmaker Neeraj Vora died at the age of 54 years at a Mumbai hospital on Thursday morning after being in coma for almost a year. His death was condoled by Bollywood celebs and PM Narendra Modi.
  2. Filmmaker Ashoke Pandit tweeted, “Writer,Director,Actor,Producer Neeraj Vora was on ventilator from last 4 days & expired due to multi organ failure. The Creamation will be held today at 3 pm today at the Santa Cruz west. Creamation Ground (sic).” Neeraj’s wife died a few years ago, he has no children.
  3. He has suffered from the heart attack followed by a stroke in 2016, Neeraj Vora went into a coma. Producer Firoz Nadiadwala took him to his home and converted a room into a makeshift Intensive Care Unit (ICU). The actor will be cremated today afternoon at 3 pm in Santa Cruz.
  4. Neeraj Vora, who was set to direct the third installment of the hit Hera Pheri franchise, had begun the process of making the film, when he suffered the heart attack. His initial work as a writer includes superstar Shah Rukh Khan’s TV show Circus. Neeraj made his acting debut with Ketan Mehta’s Holi (1984), which also starred Aamir Khan.

IMPORTANT DAYS

Vijay Diwas

Vijay Diwas

  1. Vijay Diwas has been celebrated on 16 December in every year in India, because of the marks of the military victory over Pakistan in 1971 during the Indo-Pakistani War of 1971, in alliance with Bangladesh Mukti Bahini.
  2. In this there has been the surrender of the Pakistan Army and subsequent secession of East Pakistan into Bangladesh. On this day in 1971, the chief of the Pakistani forces, General Amir Abdullah Khan Niazi, along with 93,000 troops, surrendered to the allied forces consists of Indian Army and Mukti Bahini, led by General Jagjit Singh Aurora, of India in the Ramna Race Course, now Suhrawardy Udyan, in Dhaka after their defeat in the war.

 

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