Current Affairs 6th December 2017 - Banking, SSC, UPSC Affairs

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The Union Environment Ministry affairs allowed NGT Chairperson to “constitute a single-member bench” in “exceptional circumstances”. It has amended National Green Tribunal (Practices and Procedure) Rules, 2011 and issued a notification. This move will address festering problem of vacancies in NGT. According to earlier rules, NGT bench consisted of “two or more members” with at least one judicial member and another expert. The balance of judicial and independent experts was necessary to ensure that technical aspects of disputes were adequately addressed.

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 percent. Consequently, the Reverse Repo Rate (RRR) under the LAF remains at 5.75 percent, and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.25 percent. The projection of real GVA growth for 2017-18 of the October resolution at 6.7per cent has been retained, with risks evenly balanced. In the previous meeting in October, the RBI had maintained status quo on rates. Since then, inflation, as measured by the consumer price index, has accelerated to 3.58%, the fastest pace in seven months, because of rising food and fuel prices. Since October 2017, global economic activity has been gaining momentum through the final quarter of the year, driven mainly by advanced economies (AEs). US growth remained largely resilient to hurricanes and grew at the highest pace in the past three years in Q3 of 2017, with positive contributions from private consumption, investment activity and net exports.

Saudi Arabia Crown Prince Mohammed bin Salman has been voted the Time magazine readers’ Person of the Year, despite spearheading the continued bombardment of Yemen, leading to the starvation of its citizens. The award goes to those who “for better or worse” influenced the year. The 32-year-old scored 24 percent of the vote, with the #MeToo movement against sexual assault and harassment. Bin Salman overtook Hillary Clinton, Vladimir Putin and even the Pope to be crowned the people’s choice, winning far more votes than the three combined.

Indian cricketer Yuvraj Singh will be promoting a UNICEF sports initiative for youngsters in South Asia, which will also have the ICC's backing. Yuvraj launched the "Power of Sports to Shape the Future of Adolescents" campaign in South Asia. Yuvraj was joined by under-19 players from Afghanistan, Bangladesh, Pakistan and Sri Lanka who will compete in the ICC under-19 World Cup in New Zealand in January 2018.

The 10th Jaipur International Film Festival (JIFF) is all set to present International Cinema to film buffs. The Festival has become a great favourite of both the cinegoers and the filmmakers. The second and the last list of films selected for the Festival was released that includes a total of 48 films from 13 countries.

The Surface to Air Missile AKASH with indigenous radio frequency seeker against target Banshee has been successfully launched from the Launch Complex-III at ITR Chandipur, Odisha. The Radars, telemetry and electro-optical systems along the coast have tracked and monitored all the health parameters of the missile. This missile is being inducted into Army as Short Range Surface to Air Missile (SRSAM). With this success, India has achieved the capability of making any type of Surface to Air Missile.

In a major victory for President Donald Trump, the US Supreme Court allowed his travel ban to take full effect pending appeal, for people coming from six Muslim-majority countries. As a result of the Supreme Court's ruling, Trump's travel ban, which restricts travel to the US by people from Iran, Libya, Syria, Yemen, Somalia and Chad without bona fide connections to the US, can take full effect while legal challenges proceed. The travel ban is the third version of a contentious policy that Trump first sought to implement a week after taking office in January.

Commerce and Industry Minister Suresh Prabhu let out more incentives while unveiling the mid-term review of the Foreign Trade Policy 2015-20 with a view to boosting exports. The Union minister stated that the Merchandise Exports from India Scheme (MEIS) incentive rate will be raised by 2 percent across the board for labour-intensive/MSME sectors. The focus of the FTP will be on exploring new markets and products as well as increasing India's share in traditional markets and products.

In terms of its Framework Agreement, with ratification by Guinea as the 15th country in November 2017, the International Solar Alliance (ISA) now become a treaty-based international intergovernmental organization. The International Solar Alliance is India's global initiative. It aims at increasing solar energy deployment in member countries. The ISA was jointly launched by the PM Narendra Modi and the president of France in November 2015 in Paris, on the sidelines of COP-21, the UN climate conference. Till date, 46 countries have signed and 19 countries have ratified the framework agreement of the ISA. The ISA interim secretariat has been operational as a de-facto organization since January 2016.

Sixteen-year-old Mohamad Al Jounde from Syria was awarded the International Children's Peace Prize for his efforts to ensure the rights of Syrian refugee children. Al Jounde, a refugee of the Syrian civil war, set up a school together with his family in a Lebanese refugee camp that currently provides 200 children with education. Al Jounde received the prize from Malala Yousafzai, who won the Nobel Peace Prize in 2014 for her work for children's rights.

Russia was banned from the 2018 Winter Games by the International Olympic Committee over its state-orchestrated doping programme, but clean Russian athletes will be allowed to compete under an Olympic flag. The sanction was the toughest ever levelled by the IOC for drug cheating and came just 65 days ahead of the Games in Pyeongchang, South Korea.

The International conference on climate change was held in Nepal. It was inaugurated by Nepal President Bidya Devi Bhandari. It was titled ‘Resilient. Its purpose was to draw attention towards adverse effects of global warming in Hindu Kush mountain range. It was organized by Nepal’s Ministry for Environment in collaboration with International Centre for Integrated Mountain Development (ICIMOD).

Uttar Pradesh's Shamli district was included in the National Capital Region (NCR), taking the total number of districts in the NCR to 23. The Cities in the NCR get funds at "attractive" interest rates from the National Capital Region Planning Board (NCRPB) for infrastructure development. The decision to include Shamli in the NCR was taken at the 37th meeting of the NCRPB.

The Madhya Pradesh Assembly unanimously passed a bill awarding death to those found guilty of raping girls aged 12 and below. With the passage of the bill, Madhya Pradesh becomes the first state in the country where those convicted of such rapes will face the gallows. Introduced in the House by Law and Legislative Affairs Minister Rampal Singh, the bill was discussed in detail and then passed by all parties, including the ruling BJP and opposition Congress.

The 3rd edition of the Dialogue between the NITI Aayog and the Development Research Council of China, the DRC- NITI Aayog Dialogue was held in Beijing. The meeting was co-chaired by Vice Chairman NITI Aayog, Dr. Rajiv Kumar, and Mr Li Wei, President (Minister), DRC.  The two sides agreed that the 4th NITI Aayog - DRC Dialogue will be convened in India in 2018.   The dialogue took place under the MOU between NITI Aayog and the Development Research Centre (DRC), State Council of the China.

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  • Books & Its Authors,
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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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