Current Affairs Today – December, 28th, 2017 | Latest News and Updates

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INDIAN AFFAIRS

Dr Jitendra Singh Launched e-HRMS on Good Governance Day

  1. The Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh has launched the electronic-Human Resource Management System (e-HRMS), here today.
  2. This launch has been done at the day of the observance of Good Governance Day by the Ministry of Personnel, Public Grievances and Pensions. The Minister launched the 25 applications of 5 modules of the system. The e-service book launched for DoPT during March this year will also be integrated into the e-HRMS.
  3. He further said, “The due to the prompt response, the grievances lodged with the Government have also increased. The Minister also said, “Government is adopting a policy of intolerance towards non-performing officers and encouraging the performing officers”. “All these initiatives are in the direction of citizen-centric approach of the Government,” Dr Jitendra Singh said.
  4. Speaking on the launch of e-HRMS, Ms Neeta Verma, DG, NIC said, “The software will give a comprehensive and combined view of the human resource deployed by the Government. She also said, “It is a cost-effective initiative, thus sustainable in the long-term”. “It will also provide HR analytics for the Government,” she added. She further said, “It will help Government to post right man at right post, thus extract best of an employee.”

 

Modi to be First PM to Attend World Economic Forum in 20 years

  1. Prime Minister Narendra Modi has been going to take the one of the Davos, the Alpine ski resort where the world is top CEOs and there will be the some of the heads of government gather for the annual meeting of the World Economic Forum in January.
  2. Modi will be the first Indian PM to attend the meet in over two decades but officials said, “It will be the first time that an Indian Prime Minister will be the treated like the chief guest with the country expected to dominate the show, where nearly a hundred Indian corporate chiefs and policymakers will be present.”
  3. “The India theme will be in focus at the conference with several sessions around India,” said an official, pointing out that there is a lot of interest to invest in the country.
  4. Last January, Chinese President Xi Jinping has given the some of the Davos where he courted global businesspersons and made a strong pitch to shun protectionism, in what was an apparent dig at the US ahead of Donald Trump’s inauguration later in the month.

 

Jairam Thakur took oath as 14th Chief Minister of Himachal Pradesh

  1. Jairam Thakur, who is the sworn of the five times and has been going to sworn as the 14th Chief Minister of Himachal Pradesh at the historic Ridge Maidan on 27 December. The assembly elections on 9 December saw the BJP win 44 seats in the 68-member house.
  2. The new ministers include Mohinder Singh, Krishan Kapoor, Suresh Bharadwaj, Anil Sharma, Sarveen Chowdhary, Ram Lal Markanda, Vipin Parmar, Virender Kanwar, Gobind Thakur, Rajiv Saizal and Vikram Singh.
  3. Chief Ministers in attendance included Yogi Adityanath, Shivraj Singh Chauhan, Dr Raman Singh, Vasundhara Raje, Manohar Lal Khattar, Trivendra Singh Rawat, Pema Khandu, Vijay Rupani, N Biren Singh, Devendra Fadnavis, Raghubar Das, and Sarbananda Sonowal.
  4. Virender Kanwar, Vikram Singh, Anil Sharma, Sarveen Choudhary, Ram Lal Markanda, Mahendra Singh, Kishan Kapoor, and Suresh Bhardwaj also took oath as cabinet ministers of the Himachal Pradesh government.

 

INTERNATIONAL AFFAIRS

IRDAI Norms Allow Insurers to Begin Offshore Business from GIFT IFSC

  1. Insurance operations at India’s only operational International Financial Services Centre (IFSC), at Gujarat International Finance Tec City (GIFT), has been going to boost up of the Insurance Regulatory Development Authority of India (IRDAI) issuing enabling regulations for undertaking offshore insurance business from this IFSC.
  2. In the term of the regulators in India, foreign insurers have been permitted to open IFSC Insurance Offices (IIO) at GIFT IFSC, which has been notified as foreign territory by the Government of India.
  3. “Foreign direct insurers (life, non-life and general) and foreign re-insurers are permitted to open office to undertake dollar-denominated business from within the IFSC in GIFT SEZ, all other Special Economic Zones in India, and foreign countries (including foreign to foreign, India to foreign and foreign to India). It would also be allowed to undertake domestic insurance and reinsurance business in line with the provisions of IRDA regulations,” said Ajay Pandey, MD & Group CEO, GIFT City, here on Wednesday.
  4. “With the business guidelines in place, we are now hopeful that foreign and domestic insurance companies would participate in making GIFT IFSC a hub for International Insurance business,” said Ajay Pandey, MD & Group CEO, GIFT City.

KEYS:

  1. The Insurance Regulatory and Development Authority of India is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India
  2. Website: irdai.gov.in
  3. Founded: 1999
  4. Sector: Insurance
  5. Headquarters: Hyderabad
  6. Agency executive: T.S.Vijayan (Chairman)
  7. Type: Statutory corporation

 

Commercial Flight Nod for Made-in-India Plane Dornier 228

  1. There will be the easy to fly in the smaller way that has been from the country to country that is the Made in India Dornier 228 aircraft. The defence forces have used Hindustan Aeronautics Limited (HAL) manufactures the 19-seater aircraft, which is in the recent. Once operationalised for commercial use, HAL’s Dornier 228 will become the first Made in India plane to be used for civilian flights.
  2. “The DGCA has given certificate of airworthiness to HAL’s Dornier 228. HAL can sell this plane to airlines in India and it can be used by them for regional flights under the Modi’s government’s ambitious UDAN scheme,” the report said.
  3. “Some special incentives may be given to operators using this plane. Apart from airlines in India, HAL may also look at selling this plane for civil use in neighboring countries such as Nepal and Sri Lanka,” the report quoted an official as saying.
  4. “Airports are in short supply in India. Lots of the growth in India is happening in small markets, but those small markets have little or no connectivity. The amphibian plane opens up a lot of areas, creates a lot of flexibility,” SpiceJet Chairman Ajay Singh had told Bloomberg earlier in October.

BANKING AND FINANCE

SLCM Ties up with HDFC, IndusInd bank for Post-Harvest Credit

  1. Agri service solutions provider Sohan Lal Commodity Management (SLCM) has been going to take the shift at the all over the India and Myanmar has tied up with HDFC Bank and IndusInd Bank to give the service of the customer. SLCM will leverage its proprietary (patent pending) technology ‘Agri Reach’ and these two bank will give the support both of the facility by the efficient post-harvest credit and storage service to farmers, millers and other stakeholders in the agriculture sector.
  2. Commenting on the developments, SLCM Group CEO Mr. Sandeep Sabharwal said, “The tie up with two of India’s leading banks is a big endorsement for our collateral management services model using our patent pending technology Agri Reach. Like the other six banks and financial institutions with whom we have tie-ups in India, both these banks can also now benefit from our vast network of warehouses and expertise to facilitate loans to entities across the agri ecosystem without the fear of default or loss. We look forward to more such tie-ups with other leading banks and help them reach out to India’s diverse farming community. At SLCM, we provide a robust system oriented warehousing support with an assurance of finest crop safety solutions.”
  3. “SLCM will leverage its proprietary (patent pending) technology ‘Agri Reach’ and support both these banks towards offering more efficient post-harvest credit and storage service to farmers, millers and other stakeholders in the agriculture sector,” it added.
  4. SLCM Group CEO Sandeep Sabharwal said, “Like the other six banks and financial institutions with whom we have tie-ups in India, both these banks can also now benefit from our vast network of warehouses and expertise to facilitate loans to entities across the agricultural ecosystem without the fear of default or loss.”

KEYS:

  1. HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra
  2. It has 84,325 employees and has a presence in Bahrain, Hong Kong and Dubai
  3. HDFC Bank is India’s largest private sector lender by assets
  4. CEO: Aditya Puri (Sep 1994–)
  5. Headquarters: Mumbai
  6. Founded: August 1994, India
  7. Subsidiaries: HDFC securities, Next Gen Publishing

 

Amazon Acquires Connected Security Camera Maker ‘Blink’

  1. com, Inc. AMZN has acquired Blink, which is a wireless security camera startup. By this deal there will be the online retail giant an increased share in the emerging and highly competitive connected home devices market.
  2. “We’re excited to announce that Blink has been acquired by Amazon! Since launching in early 2016, we’ve been thrilled by your response to our ultra-affordable, truly wire-free video home security cameras and monitoring systems.”
  3. “If you own one of our systems, nothing changes for now. We’ll continue to operate under the Amazon umbrella selling and supporting the same great products you know and love. It’s Day 1 for us at Amazon, and we’re looking forward to seeing what we can deliver to our customers together.”

 

Samsung, Axis Bank Tie-up to Offer ‘Bill Payments’ on Samsung Pay

  1. Smartphone manufacturer Samsung on Thursday has launched its ‘Bill Payments’ on its flagship payments service, Samsung Pay in partnership with Axis Bank.
  2. “Since the launch of Samsung Pay, we have constantly innovated and added user-centric features such as UPI, wallets, gift cards and now ‘Bill Payments’. With the introduction of ‘Bill Payments’, consumers will be able to pay their utility bills seamlessly through Samsung Pay, set reminders and search favorite biller based on their current location,” said Samsung India Director, Sanjay Razdan.
  3. “Bill Payments’ is another ‘Make for India’ innovation that we believe will greatly benefit our consumers,” he added.
  4. “Samsung Pay is a key partner of Axis Bank in driving digital payments. With the addition of Utility Bill Payments in Samsung Pay, powered by Axis Bank, we see our partnership strengthening even further,” said President and Head, Transaction Banking, Axis Bank, Himadri Shekhar Chatterjee.

Science and Technology

Uttar Pradesh Introduces New Power Scheme

  1. Uttar Pradesh has launched a free household power connection scheme for the poor in the state to mark former prime minister Atal Bihari Vajpayee’s birth anniversary.
  2. “To begin with Lohban and Gausana, the two villages of Mathura district have been covered for 100 per cent electrification on the birth anniversary of former prime minister Atal Bihari Vajpayee,” said Srikant Sharma, Uttar Pradesh Power Minister.
  3. “The government has a target of covering 16 million by 2018-end, driven by Yogi Adityanath government’s motto ‘Prakash hai to vikas hai’ (the barometer of development is light),” he stated.
  4. The government has also produced the Kisan Uday Yojana, that is the best scheme for farmers, the minister said, adding that existing 5 HP/7.5 HP submersible and coupling sets of farmers will be replaced free of cost.

SPORTS

Saudi Arabia Hosts World Chess Games

  1. Saudi Arabia has been going to host the world chess tournament for the first time on Tuesday that is the after the two years after the country’s top cleric issued a religious edict against playing the board game. Politics have also interfered, with players from Israel and Qatar missing the tournament due to regional politics.
  2. “The fact that players from Iran and Qatar may decide not to participate, after consulting their own authorities, is clearly their own individual decision,” the statement said.
  3. “Literally everything involving Saudi Arabia’s hosting of a chess tournament is political,” he wrote in an analysis of the tournament. “Saudi Arabia’s visa policy is political as is the kingdom’s willingness to concede on women’s dress.”

AWARDS & RECOGNITION

Google Doodle honours Mirza Ghalib on his 220th birthday

  1. Google’s doodle on Wednesday has celebrated the poet, Mirza Ghalib on his 220th birth anniversary. He was the famous and very legend Urdu and Persian-language poet during the Mughal era, Mirza Asadullah Baig Khan was born in Agra on 27 December in the year 1797.
  2. He began his composing poems from the age of 11. Although his first language was Urdu, Turkish and Persian were spoken at home too. Today, Mirza Ghalib is more famous for his Urdu Ghazals among Urdu scholars than he is for his achievements in Persian.
  3. Mirza Ghalib died in Delhi on 15 February 1869 and the house where he lived, in Old Delhi, has been turned into “Ghalib Memorial”. Known as “Ghalib ki Haveli”, it permanently houses Ghalib’s exhibitions.

OBITUARY

Bengali Film Actor Partha Mukhopadhyay Passes Away

  1. The famous Bengali film actor Partha Mukhopadhyay has died at the age of 70 years at a private hospital here on Monday, family sources said.
  2. He was known for his well in both comedy and serious roles, Partha Mukhopadhyay was at one time an automatic choice as Bengal film legend Uttam Kumar’s on-screen brother or son.
  3. Balika Bodhu (1967), Dhonyi Meye (1971) , Agnishwar (1975), Amar Prithivi (1985), Baag Bandi Khela (1975) are some of his popular movies.

 

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