Current Affairs 1st December 2017 - Banking, SSC, UPSC Affairs

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Current Affairs Shri Sunil Kumar Chourasia, Indian Ordnance Factories Service Officer (IOFS), has been appointed as the new Director General of Ordnance Factories (DGOF) and Chairman of the Ordnance Factory Board (OFB) w.e.f. 1st December 2017. Previously, he was Member, OFB and was in charge of Material & Components division.

Now there is no tension to carry cash for booking railway tickets as to give a major boost to Government’s key initiative of cashless transactions and passenger friendly measures, Railway Ministry introduced the facility for booking of railway tickets from railway counters through Unified Payments Interface (UPI)/ Bharat Interface for Money (BHIM) App. The facility of payment through UPI/BHIM for booking of e-tickets online on IRCTC Website has already been implemented earlier. Now, this facility is being extended to the tickets being booked from railway counters.

Telangana government is now gearing up for yet another prestigious event of World Telugu Conference. For the first time, state government under the leadership of K Chandrasekhar Rao will be hosting the most anticipated World Telugu Conference which will begin from December 15. According to media reports, The Telangana Chief Minister will invite Nara Chandrababu Naidu for the upcoming international cultural summit. Earlier, KCR dropped N Chandrababu Naidu from the grand inauguration of Hyderabad metro and was facing the heat from critics.

The Union Government fixed 2,952 rupees per gram as the price of new series of sovereign gold bonds (SGBs). The government, in consultation with the Reserve Bank, has decided to offer a discount of Rs 50 per gram to investors applying online and making payments digitally. The issue price will be Rs 2,902 a gram for investors applying online and the payment through digital mode.

The Combined Military exercise ‘Ajeya Warrior- 2017’ between India and the UK was held at Mahajan Field Firing Range near Bikaner of Rajasthan. It was third joint military exercise between India and UK. The first exercise was conducted in 2013 at Belgaum, Karnataka and second exercise was held in and the second exercise was held in 2015 in the UK The main objective of this exercise is to increase mutual cooperation.

North Korea claimed that “Hwasong-15” test-fired on 29th November 2017 is a new type of Intercontinental Ballistic Missile (ICBM) that can strike anywhere on the US mainland. represents the most successful and formidable part of its ballistic missile arsenal. “Hwasong-15” was North Korea’s 20th launch of a ballistic missile in 2017. The missile was reported to have flown for 50 minutes on a very high trajectory, reaching 2,796 miles (4,500km) above the earth (more than 10 times higher than the orbit of the International Space Station) before coming down nearly 621 miles from the launch site off the west coast of Japan. This would make it the most powerful of the three ICBMs North Korea has tested so far.

Actor-activist Dia Mirza appointed UN (United Nations) Environment’s Goodwill Ambassador for India. As a Goodwill Ambassador, she will work with the UN to further spread the message on priority areas including clean air, clean seas, wildlife protection and climate change. UN Environment head, Erik Solheim congratulated Dia Mirza to the programme. Dia Mirza joined the prestigious list of UN Environment Goodwill Ambassadors, which includes Hollywood stars such as Cate Blanchett, Anne Hathaway, Angelina Jolie, Katy Perry and Emma Watson.

Sibi George was appointed the next Ambassador of India to the Holy See. He is an Indian Foreign Service (IFS) Officer of 1993 batch. He is presently Ambassador of India to Switzerland. He has been concurrently appointed the next Ambassador of India to the Holy See, with residence in Berne. He is expected to take up the assignment shortly.

The Central Board of Direct Taxes (CBDT) entered into 2 Bilateral Advance Pricing Agreements (APAs). These Agreements are the first ever Bilateral APAs with The Netherlands.  With the signing of these Agreements, the total number of APAs entered into by the CBDT has gone up to 186. This includes 171 Unilateral APAs and 15 Bilateral APAs. These two APAs pertain to the Electronics and Technology sectors of the economy.

The International Monetary Fund approved a new USD 88 billion credit line for Mexico, replacing the existing line. The two-year flexible credit line boosts Mexico’s ability to immediately deal with a potential need for liquidity, without having to request an IMF loan.

World AIDS Day is celebrated every year all over the world on December 1st to raise the public awareness about Acquired Immuno Deficiency Syndrome, AIDS. The theme for World AIDS day 2017 is 'Right to health'.  It is a pandemic disease caused due to the infection of Human Immunodeficiency Virus (HIV).

Nagaland is all set to celebrate the 54th Statehood Day and the 18th Hornbill festival 2017 today at Naga Heritage Village, Kisama. President Ram Nath Kovind who is on a maiden visit to the state will grace the occasion and inaugurated the 10 day State Hornbill festival 2017. The route leading to Kisama, which is 12Km away from the capital city has been all decked up with decoration to give a festive ride. Tight security arrangement has been made in view of the festival.

The first one rupee note was introduced on November 30, 1917, with the photo of King George V have been all but tumultuous for this creation. The Reserve Bank website says its issuance was discontinued first in 1926 on cost-benefit considerations. It got reintroduced in 1940, only to be discontinued in 1994 again. The little note got back again in 2015.

On November 28, 2017, Eastern Railways brought into service, the first rake of upgraded Sealdah – New Delhi ‘Swarna’ Rajdhani. This rake has become India’s first Swarna Rajdhani rake under Project ‘Swarna’ of Indian Railways. Under Project ‘Swarna’, Indian Railways had given a free hand to Zonal Railways to develop and create aesthetic and passenger friendly coach interiors on running rakes of Rajdhani and Shatabdi trains.

India and Singapore have signed Bilateral Agreement for Navy Cooperation that will allow Indian Navy ships logistical support, including refuelling at Singapore’s Changi Naval Base located near disputed South China Sea (SCS). The agreement was announced during second Defence Ministers’ Dialogue between India and Singapore held in New Delhi. The Bilateral Agreement for Navy Cooperation will allow Indian Navy ships sailing through disputed SCS or in eastern waters of Andaman Sea to refuel. The naval logistics agreement is first for India with country located east of strategically important Strait of Malacca.Singapore is strategically situated on major international sea routes – Straits of Singapore and Malacca – and connects Pacific and Indian Oceans making it economically important.

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    Topics covered in the 1st December 2017 Current Affairs are
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  • Bills & Acts Passed by Government,
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  • About important Persons, Places,
  • Banking & Economical News,
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  • Obituary,
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  • Important Days & its Theme for Current as well as upcoming Year,
  • Books & Its Authors,
  • Agreements & MoUs,
  • Budget, Taxes,
  • Various Important Lists & Indexes,
  • Visits by World Presidents, Prime Ministers,
  • Political affairs and all Current News.

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