Current Affairs 14th December 2017 - Banking, SSC, UPSC Affairs

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India and Morocco signed a MoU for enhanced cooperation in the health sector in New Delhi. Shri J P Nadda, Union Minister of Health & Family Welfare and Dr Abdelkader Amara, Ministry of Health, Kingdom of Morocco signed the MoU. The main areas of cooperation include the following: Non-communicable diseases, including child cardiovascular diseases and cancer; Drug Regulation and Pharmaceutical quality control; Maternal, child and neonatal health; Hospital twinning for the exchange of good practices.

The Union Government framed a scheme to set up 12 Special Courts for a year to fast-track the trial of criminal cases against 1,581 MPs and MLAs. The Initially, 12 courts would be constituted. Two special courts will handle cases against 228 MPs and remain 10 courts will be set up in 10 states.

Maharashtra government set to legalize all slums built till 2017. The state government plans to extend the cut-off year to regularize 3.5 lakh unauthorized slums in the city to 2017 from 2011. Maharashtra government steps on the way to achieve Prime Minister Narendra Modi’s dream of giving everyone a home by 2022. This move will also help boost redevelopment projects such as like Dharavi. It's a step in the right direction to realise the PM's goal of giving everyone a home by 2022 under the Pradhan Mantri Awas Yojana. The Slum Rehabilitation Authority (SRA) has given a Letter of Intent (LOI) to 1531 SRA projects in the city, which will yield about 4.41 lakh new houses.

Telangana government earlier rolled out the 24X7 power supply especially for farmers, now set to bear all the financial burden of the scheme by incurring it into the fiscal budget.  Such meters have the potential of running round-the-clock with 24x7 power supply, thereby depleting water in the lower depth borewells. The Chief Minister called for an elaborate campaign to inform the agriculture consumers about the 24x7 power supply and how best they could make use of the supply. He directed some precautionary measures be taken to address these issues, including faster depletion of the precious resource. The power utilities in the State have strengthened the infrastructure with an investment of over 12,000 crores on improving the transmission and distribution systems in the State.

The National Energy Conservation Day is celebrated annually on 14th December. The 14th President of India Mr. Ram Nath Kovind was the Chief Guest on the occasion. The ECD is organized on 14th December each year by Bureau of Energy Efficiency (BEE), under Ministry of Power. The Day is celebrated with an aim to demonstrate India’s achievements in energy efficiency and conservation.

OBOPAY announced that the company has secured a licence for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in the country. The company would also be using the licence to increase business in its B2B (business-to-business) operations by co-branding the prepaid instrument with a partner brand.

The Board of Control for Cricket in India decided to lift the ban on the Rajasthan Cricket Association (RCA) provided former IPL chief Lalit Modi stays away from its functioning, the Board decided in its Special General Meeting (SGM). 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.

India upgraded its ranks in ‘The Legatum Prosperity Index 2017’ and is now in 100th position. At present, the rising trend in India’s prosperity is significant in view of the fact that India registered lower economic growth following demonetisation and implementation of the goods and services tax (GST) reform in 2017. The index, which offers an insight into how prosperity is forming and changing across the world, ranks India 100th on the list of prosperous countries among 149 countries.

Jammu and Kashmir government’s one decision has brought a smile on the faces of thousand workers.  Notably, Jammu and Kashmir government will soon regularize as many as 60,000 daily wagers and casual labourers. Chief Minister of Jammu and Kashmir Mehbooba Mufti announced to regularize 60,000 daily wagers and casual labourers, the string of happiness was spread in the houses of those labourers.

Indian Railways have introduced a bill tracking system for contractors/vendors of Indian Railways to track the status of their bills. This is in line with the emphasis given by Minister of Railways & Coal, Piyush Goyal on increased use of information technology to go digital and online with a view to promoting transparency and efficiency in the system. The vendor/contractor need to register with the online IT platform developed in-house by CRIS, New Delhi called Indian Railways E-Procurement System (IREPS). The registration enables the vendor/agencies to see their bill status with dates through various stages of processing of bills, the stage at which it is lying, the amount for which it is passed and other details.

Prime Minister Narendra Modi commissioned India's first modern conventional submarine, INS Kalvari, into Navy's fleet in Mumbai, a first in almost two decades. Kalvari is the first of the six Scorpene-class submarines handed over by shipbuilder Mazagon Dock Limited (MDL). The Navy last inducted a conventional diesel-electric submarine, INS Sindhushastra, procured from Russia in July 2000.

South Korea banned its financial institutions from dealing in virtual currencies such as Bitcoin, as the cryptocurrency soars in a bubble fuelled by retail speculators, many of them from the country. There are many of them small-time investors, are estimated to own Bitcoins and demand is so high that prices for the unit are around 20 percent higher than in the US, its biggest market. The hyper-wired country has emerged as a hotbed for cryptocurrency trading, accounting for some 20 percent of global Bitcoin transactions about 10 times its share of the world economy.  About one million South Koreans, many of them small-time investors, are estimated to own Bitcoins, and demand is so high that prices for the unit are around 20 percent higher than in the US, its biggest market. 

Dredging Corporation of India (DCI) and National Highways Authority of India (NHAI) have signed a MoU for facilitating the supply of sand for highway construction work. The MoU aims to fill sand supply gap by facilitating the availability of sand for concessionaires working on highways projects who were facing a shortage of sand at many sites. Under this MoU, DCI intends will do dredging operations at locations in South East Asia and generate large volumes of sand. DCI is Indian Government Miniratna undertaking engaged in the business of dredging. It was established in 1976 and reports to the Ministry of Shipping.

The Union Government signed US $250 million loan agreement with World Bank for “Skills Acquisition and Knowledge Awareness for Livelihood Promotion. The World Bank’s financing arm International Bank for Reconstruction and Development (IBRD) will provide this loan. The main objective is to enhance institutional mechanisms for skills development and increase access to quality and market-relevant training for the workforce.

India become the first-ever team to register 300+ totals 100 times in ODIs, after posting 392/4 against Sri Lanka in Mohali. This was also the 25th instance of India scoring 350+ in an ODI innings, second-most by a team after South Africa (26). India was driven by captain Rohit Sharma's 208*, his third ODI double hundred which is also a record in ODIs.

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  • Budget, Taxes,
  • Various Important Lists & Indexes,
  • Visits by World Presidents, Prime Ministers,
  • Political affairs and all Current News.

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