Current Affairs 3rd January 2018 - Banking, SSC, UPSC Affairs

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The Karnataka government announced that 'Karnataka International Travel Expo' (KITE) will be held from February 28, billing it as the "largest" B2B travel event in the country.  The three-day event will see close to 400 delegates from 25 countries take part. The main aim is to project Karnataka globally and attract tourist footfall with emphasis on promoting the state's wildlife, luxury and adventure destinations, historical monuments and UNESCO world heritage sites.

HDFC Bank announced a partnership with Rajasthan Government to promote and nurture startups in the state. Under this partnership, HDFC Bank will team up with the state government to provide end-to-end solutions like current accounts, credit cards and other solutions to startups under its SmartUp programme.  

The unusual and very efficient whistle language commonly called "bird language" used as a means of communication by villagers in remote northern Turkey entered the UNESCO list of Intangible Cultural Heritage. UNESCO accepted the "bird language" of Black Sea villagers as an endangered part of world heritage in need of urgent protection.

According to the Finance Ministry, RBI Bonds Scheme closed but the interest rate on such papers lowered to 7.75 percent. The 8 percent Savings Bonds Scheme, also known as RBI Bonds Scheme, is not being closed but is being replaced by 7.75 percent Savings Bonds Scheme. These taxable bonds are meant for individual other than Non-Resident Indians with no maximum limit for investment.

The 171st Aradhana Music Festival of one of the Trinities of Carnatic music Saint Thyagaraja begins in Thiruvaiyaru, Tamil Nadu. The festival was inaugurated by Governor Banwarilal Purohit. The main function of the festival is the choral singing of Thyagaraja’s five kritis in Ghana ragas. Over 1,000 musicians from all over the world are expected to pay homage to Saint Thyagaraja during the course of the five-day festival.

G Sathiyan becomes India’s highest-ranked player in the latest International Table Tennis Federation (ITTF) rankings. He surpasses his compatriot the legendary Sharath Kamal. The current ranking of Sathiyan is 49, pushing Kamal to the second spot at 51. As for the women, Manika Batra is topping the world chart among Indians at 62th.

Pakistan allowed Chinese currency Yuan for exports and financing transactions. According to Pakistan, external affairs ministry, both public and private sector enterprises of Pakistan and China are free to choose Yuan for bilateral trade and investment activities. As per current foreign exchange regulations, Chinese Yuan is an approved foreign currency for denominating foreign currency transactions in Pakistan.

India an attractive cruise tourist destination the central government has exempted cruise tourists arriving with e-visa from the requirement of biometric enrolment for a period of three years i.e. till 31.12.2020. The decision was taken by Ministry of Home Affairs on request of the Ministry of Shipping. This will make immigration clearance of such passengers faster, leaving them with more time to spend on shore. This is also an important factor that helps cruise lines decide whether or not to include a destination in their itinerary. The Ministry of Shipping has been working towards simplifying the immigration clearance procedure and providing passengers with a customer friendly and hassle-free logistics process when they embark on or disembark from their cruise at the Indian ports. E-Visa has been in place in the five major ports of Mumbai, Mormugao, New Mangalore, Cochin, and Chennai. Till now biometrics of passengers were required at a port of the first arrival for immigration clearance.

The Hindus from all over the world reach the confluence of the Ganges at Sagar Sangam situated in southern part of West Bengal in India during Gangasagar Mela. It is often said that one visit to Gangasagar is worth lifetime. To control the rush of pilgrimages to Gangasagar, Eastern Railway announced 13 special trains. The island of Gangasagar is among the most popular Hindu pilgrimage places in the country. Each year on Makar Sankranti (mid-January), the large number of devotees from all over the nation, congregate at Gangasagar for a sacred dip at the convergence of the river Ganga and the Bay of Bengal. After the sacred dip, the pilgrims offer 'Puja' at the Kapil Muni Temple or Ashram.

The citizen of Assam witnessed the release of the first draft of National Register of Citizens (NRC) containing the first batch of 19 million names of genuine Indian citizens in compliance with the Supreme Court 's orders. Registrar General of India Sailesh released the document. The first draft has listed 19 million people out of the 32.9 million applicants from within the state as legal Indian citizens.

Prime Minister Narendra Modi led central government right from the day one of its rules taken various initiatives, decisions that have anonymously strengthened our country’s defense sector. Notably, Defence Minister Nirmala Sitharaman cleared two procurement proposals in a bid to strengthen armed forces. The first proposal was related to procurement of 240 bombs, at a cost of Rs. 1254 cr. from M/s JSC Rosonboron Exports, Russia. These bombs fall under the category of Precision Guided Munitions, are used by Indian Air Force (IAF). This procurement will address the deficiency of Precision Guided Munitions in the IAF arsenal, besides enhancing the offensive capabilities of the IAF.

Pankaj Jain, Joint Secretary in the Department of Financial Services (DFS) assumed charge as the Managing Director of India Infrastructure Finance Company Ltd (IIFCL). He will be holding additional charge of IIFCL along with his present position as Joint Secretary at DFS. IIFCL is a state-owned company focused on infrastructure financing and development.

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  • Visits by World Presidents, Prime Ministers,
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