Current Affairs 11th December 2017 - Banking, SSC, UPSC Affairs

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International Affairs A unit of China Three Gorges Corp. is building a 1 billion yuan ($151 million) floating solar power plant, the world’s biggest, in the nation’s eastern province of Anhui. China Three Gorges New Energy Company started building the 150-megawatt project in July and part of the plant was connected to the grid. The project features panels fixed to floats on the surface of a lake that formed after a coal mine collapsed, according to the unit. The entire facility is expected to come online by May 2018.

Airtel set to boost mobile connectivity; will provide 2,100 uncovered villages and national highways of Northeast region over 18 months. A MoU was signed by the Department of Telecom DoT with Bharti Airtel.  They have signed an agreement with DoT and the Universal Service Obligation Fund (USOF) for the provision of mobile services in identified uncovered villages and national highways in the northeastern states of Assam, Manipur, Mizoram, Nagaland, Sikkim, Tripura and Arunachal Pradesh. As the largest operator in the northeastern states, Airtel will set up over 2,000 mobile towers and sites in unconnected pockets of the region to deliver telecom connectivity in over 2,100 villages over the next 18 months. There are 43,200 villages in this region and 21% of these villages have no mobile network of any sort. Airtel will become the only operator to offer 2G/3G/4G services in the region. In 2014, the centre approved the implementation of a telecom development plan for the Northeast and estimated an expenditure of nearly Rs 5,300 Crore.

The more North Korea becomes stubborn against the US, the US and its allies in the region are also preparing more for the crisis. Amid the ongoing show of force US, Japan and South Korea will hold two days of missile tracking drills.  This one will be the sixth set of drills of its kind with the aim to cope with the growing North Korean missile threat. The first exercise sharing information in tracking ballistic missiles among the three nations was held in June. It will be held in waters near the Korean Peninsula and Japan. The exercise is being held as North Korea fired a powerful missile last month which could target the entire US mainland. Since then, the US and North Korea had enough angry exchange of words.

Union Shipping and Ports Minister Nitin Gadkari confirmed 24 companies have offered to invest over 60,000 crore rupees in a special economic zone adjoining the country’s largest container port Jawaharlal Nehru Port Trust. The create employment for 1.25 to 1.50 lakh people.  Narendra Modi laid the foundation for the facility in May 2014 and the government was targeting to create 1.50 lakh jobs in the facility.  The works of over 2 lakh crore rupees have already started under the ambitious Sagarmala project and port-rail connectivity will alone witness an investment of 1 lakh crore rupees under the project. 

Foreign Ministers of Russia, India and China (RIC) are holding a trilateral meeting in New Delhi. The meeting is expected to review global and regional issues of mutual interest as well as discuss trilateral exchanges and activities. The External Affairs Minister will have separate bilateral meetings with her Russian and Chinese counterparts. Russian Foreign Minister Sergey Lavrov and Minister of Foreign Affairs of China Wang Yi have arrived in New Delhi.

Senior IAS officer Pradeep Singh Kharola took charge as the Chairman and Managing Director of Air India. Kharola assumed charge from Rajiv Bansal. He was the managing director of Bangalore Metro Rail Corporation Limited since February 2015.

Lalji Singh, a pioneer of DNA fingerprinting technology in India and former Vice-Chancellor of Benares Hindu University, BHU (2011 to 2014), passed away at the age of 70. Lalji Singh and his team developed the indigenous probe that was first applied to settle paternity disputes in the late 1980s at the Centre for Cellular and Molecular Biology (CCMB) Hyderabad.

BSE's India International Exchange (India INX) received approval from the capital market regulator SEBI on the framework for the listing of debt securities.  The move will enable Indian and foreign issuers to issue masala bonds, Eurobonds, and foreign currency bonds from India INX at International Financial Service Centre (IFSC) at Gujarat International Finance Tech (GIFT) for the first time.

Uma Shankar, chief general manager (CGM) in charge of the Reserve Bank of India's financial inclusion and development department has taken over as executive director (ED) in the central bank. He has been elevated after Meena Hemchandra the executive director in charge of the central bank's supervision department retired recently.

India defeated Germany 2-1 in the Hockey World League Final to grab the bronze medal at the event, in Bhubaneswar, Odisha. SV Sunil and Harmanpreet Singh scored for the world number six Indian side. The world's fifth-ranked side Germany was without any substitutes as seven of their players were unavailable for the match either due to injury or high fever. For India’s success, Odisha government presented each player a cheque of Rs 10 lakh.

The State Bank of India (SBI) changed names and IFSC codes of nearly 1,300 of its branches post-merger of its five associates. The bank has close to 23,000 branches. The changes were made for the branches located in major cities including Mumbai, New Delhi, Bengaluru, Chennai, Hyderabad, Kolkata and Lucknow, among others. The bank has put up the list of branches with old and new names and IFSC codes on its website.  In April this year, SBI merged its five associate banks State Bank of Bikaner and Jaipur, State Bank of Patiala, State Bank of Travancore, State Bank of Hyderabad, State Bank of Mysore and also Bhartiya Mahila Bank into itself.

Minister of State for Culture (Independent Charge) Dr. Mahesh Sharma inaugurated the three days ‘Bodhi Parva: BIMSTEC Festival of Buddhist Heritage’ in New Delhi. India is hosting the “Bodhi Parva: BIMSTEC Festival of Buddhist Heritage” from 8 to 10 December as part of celebrations of 20th anniversary of BIMSTEC.

Indian Diving Team won 1 Gold, 3 Silver and 2 Bronze Medals in Indonesia Open Aquatic Championship 2017. The five-day championship concluded recently in Indonesia's Jakarta. More than 1,500 athletes from eight countries, participated in the 5-day event. At the championships, the diving category featured athletes from India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam.

UN Women in collaboration with Facebook inaugurated a two-day event in Mumbai titled 'We The Women' to empower and recognise the magnificent contribution of women in our society. The event witnessed speakers from different walks of life including Textile and I&B Minister, Smriti Irani, Sakshi Malik, Mithali Raj, Ekta Kapoor, Karan Johar and others.

Union Minister of State for Youth Affairs and Sports, Col. Rajyavardhan Rathore confirmed union government will launch a 'Khelo India' programme at a cost of 1,756 crore rupees for the period 2017-18 to 2019-20. The initiative marks a watershed moment in the history of Indian sports, as the programme aims at mainstreaming sports as a tool for individual development, community development, economic development and national development. The main aims to promote 150 select schools in as many districts, and 20 universities across the country, as hubs of sporting excellence, which would enable talented sportspersons to pursue the dual pathway of education and competitive sports. 

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    Topics covered in the 11th December 2017 Current Affairs are
  • International News,
  • National News (ie. Indian Affairs),
  • important events associated with Science & Technology, Environment,
  • Bills & Acts Passed by Government,
  • Defence News,
  • About important Persons, Places,
  • Banking & Economical News,
  • Awards & Honours,
  • Sports News,
  • Revolutionary Updates on Arts & Culture,
  • Obituary,
  • Summits & Conference,
  • Important Committee,
  • Schemes,
  • Appointments,
  • 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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