Current Affairs 24th December 2017 - Banking, SSC, UPSC Affairs

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The seventh edition of the India International Coffee Festival (IICF) will be held in Bengaluru from January 16-19. The four-day IICF 2018, being organized by the India Coffee Trust and State-run Coffee Board to promote the Indian coffees globally. As per the officials, IICF 2018 would be a precursor to the International Coffee Organisation’s World Coffee Conference being hosted by India in Bengaluru in 2020. 

Airtel Payments Bank Chief Executive Shashi Arora has quit the company after a recent controversy surrounding India’s largest telecom operator and its payment bank’s alleged violation of rules on using Aadhaar for its electronic know-your-customer (e-KYC) verification process. He has been associated with Airtel in senior leadership roles since 2006. the suspension of the e-KYC licence of Airtel Payments Bank has not been revoked.

SBI Card, the credit card issuer and Bharat Petroleum, the leading petroleum company in India announced the launch of the BPCL SBI Card – the most rewarding fuel co-branded credit card in the country. The BPCL SBI Card will offer up to 70 litres of free fuel per year to cardholders. The Cardholders can earn rewards and save on fuel at 14000 Bharat Petroleum fuel stations across the country, making the BPCL SBI Card the only fuel co-brand card with such an extensive reach.  It has been launched on the Visa platform.

Lieutenant General B S Sahrawat took over the reins of National Cadet Corps as its Director General. The General Officer is a third generation army officer. He is an alumnus of the National Defence Academy, Khadakwasla and Indian Military Academy, Dehradun. He was commissioned in December 1980 in 13th Battalion (Rezang La), the Kumaon Regiment. He has been awarded the Sena Medal during the floods of Kosi River in Bihar in 2008.

India's largest mortgage lender HDFC has sold its realty brokerage business HDFC Realty and its digital real estate business HDFC Developers which owns HDFC RED (Real Estate Destination) to online classifieds player Quikr. The all-stock deal will see HDFC pick up around 3.5% stake in Quikr for the two businesses which have collectively been valued at about Rs 357 crore.

Shri M. Subbarayudu presently Joint Secretary in the Ministry of External Affairs has been appointed as the next Ambassador of India to the Republic of Peru. He is expected to take up his assignment shortly.

Maharashtra set to generate 25,000 MW electricity through solar power. Rather Maharashtra as a state tops in generating power through renewable energy around 7,500 MW. The one state in producing power through renewable energy, with 7,500 MW generation capacity. The government wants to take to this capacity to 10,000 MW.

Prime Minister Narendra Modi held telephonic talks with Nepali Congress President Sher Bahadur Deuba, CPN-UML Chairman KP Sharma Oli, and CPN-Maoist Centre Chairman Pushpa Kamal Dahal. Our open border is a reflection of our unique bonding. He reaffirmed India’s commitment to strengthen these bonds of friendship and work with the incoming Government on a broad range of development and reconstruction projects. India and China for peace and prosperity, Oli also invited the Indian PM for Nepal visit, and said he would send an official invitation to the Indian PM immediately after the formation of the new government.

External Affairs Minister Sushma Swaraj is holding a meeting of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation with visiting Russian Deputy Prime Minister Dmitry Rogozin.  Mr Rogozin arrived in New Delhi. He is accompanied by senior Russian Government officials and representatives of trade and industry.  The meeting will enable the two sides to review the progress achieved by various Working groups and Sub-groups under the IRIGC-TEC and also discuss new areas of cooperation that could strengthen bilateral trade and investment. The visiting dignitary will also call on Prime Minister Narendra Modi this evening.

Union Home Minister affairs Rajnath Singh said the SSB is strengthening its position in Sikkim and Bhutan-border area after Doklam issue between India and China.  Speaking at the 54th raising day parade of SSB in New Delhi today, Mr Singh said, his ministry has approved demand of SSB to form separate intelligence wing.  This regard formation of 650 posts has also been approved. The people living near border areas are the strategic assets and government is dedicated for their welfare.  A mobile app was launched to set direct channel of communication between the Home ministry and central armed police forces. Keeping in view that any form of aggression could lead to a dispute with neighbours.

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