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

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The Income Tax department launched a new e-facility to link a person’s Aadhaar with the Permanent Account Number (PAN). The department urged people to ensure that the date of birth and gender in PAN and Aadhaar are exactly the same, to ensure linkage without failure. Under the Finance Act 2017, it is mandatory for taxpayers to quote Aadhaar or enrolment ID of the Aadhaar application form for filing income tax returns (ITR).

Kochi Metro decided to employ 23 members of the transgender community.  This is the first time a government-owned company has formally appointed members of the transgender community. These 23 workers will be a part of the 530 Kudumbasree workers to be employed at 11 stations in the Kochi Metro Station.

Stock Exchange board of India (SEBI) allowed investors to buy mutual fund schemes for up to Rs 50,000 through digital wallets, making it easier for them especially the young generation to purchase these instruments. Mutual Funds(MF) houses or asset management companies (AMCs) have been allowed to provide instant online access facility to resident individual investors in liquid schemes. The move is part of the efforts to promote digital payments in the MFindustry and channelise household savings into the capital market.

India’s largest airline IndiGo has signed a non-binding term sheet for the purchase of 50 ATR-72 aircraft. The government plans to improve air connectivity in smaller towns by enticing airlines to operate at Rs 2,500 per seat for up to an hour’s journey. The rival company Spicejet has a fleet of 18Q400 Bombardier aircraft. Air India and Jet Airways also have smaller planes in their fleets.

Russian Deputy Prime Minister Dimitry Rogozin arrived in New Delhi recently on a one-day visit to attend India-Russia Inter-Governmental Commission (IRIGC-TEC) meeting. India and Russia agreed to work closely in various sectors, including security, nuclear energy, and disaster management. External Affairs Minister Sushma Swaraj stated that the progress made in the implementation of agreements signed between the two countries in Goa last year during the Brazil, Russia, India, China and South Africa (BRICS) Summit. India planned to celebrate the 70th year of Indo-Russian diplomatic relations.

National Technology Day is observed across India on May 11 to mark India’s technological advancements. The theme of 2017 National Technology Day is "Technology for inclusive and sustainable growth". The day is being commemorated to celebrate the anniversary of first of the five tests of Operation Shakti (Pokhran-II) nuclear test, held on 11 May 1998 in Pokhran, Rajasthan. India had also tested its first indigenous aircraft 'Hansa-3' on this day. India did a successful test firing of the Trishul missile.

The Appointments Committee of the Cabinet approved the appointment of secretaries in different sectors. Sanjay Mitra as the next defence secretary with a fixed tenure of two years. He was the secretary in the ministry of road transport and highways. Anant Kumar Singh, appointed as the secretary in the textiles ministry. Rashmi Verma, appointed as the secretary in the ministry of tourism.She was the secretary in the textiles ministry. Rakesh Srivastava, appointed as the next secretary in the ministry of woman and child development. Jagdish Prasad Meena appointed as the secretary in the department of consumer affairs. Leena Nair, appointed as the secretary in the ministry of tribal affairs. BR Sharma, appointed as the additional secretary in the home ministry.

The Home Ministry has instructed around 5,845  Non - Governmental Organisations (NGOs) to open their accounts in banks having core banking facilities. Registration of more than 10,000 NGOs have been cancelled and more than 1,300 have been denied a renewal over the last three years for various violations. The Home Ministry mandated the NGOs registered under the Foreign Contribution Regulation Act to have their accounts in either nationalised banks or in a few private banks that have core banking facilities.

Harpreet Singh won a bronze medal in Greco-Roman weight divisions in the Asian Wrestling Championship held at the K.D. Jadhav arena in the Indira Gandhi Stadium Complex in New Delhi. Harpreet won the bronze medal after beating his rival Jun Ji Na of China in 80 kg category. Asian Wrestling Championships are organised every year by the Asian Associated Wrestling Committee (AAWC).

India's first International Financial Services Centre (IFSC) at Gujarat International Finance-Tec City (GIFT)  entered into an agreement with Gujarat National Law University (GNLU) to collaborate on efforts for Skill Development in the field of International Financial Services & Regulations. Under the memorandum of understanding (MoU), GNLU will introduce a new course on International Financial Services Centre from its June 2017 Semester. It will also organise a program for Lawyers covering IFSC, International Arbitration and related fields.  GIFT, IFSC and GNLU would work jointly towards courses, training and certificate programmes in the field of International Financial Services law and promote the deeper acceptance of financial laws in the global financial markets.

The 29th series of India- Indonesia Co-Ordinated Patrol (CORPAT) scheduled from 09 – 25 May 17 with the opening ceremony conducted from 09 -12 May 17 at Port Blair under the aegis of Andaman and Nicobar Command. The Indonesian Naval Ship KRI Sutedi Senoputra has arrived to take part in this series. Both countries have been carrying out CORPAT maritime exercise twice a year since 2002. The closing ceremony of the CORPAT is scheduled at Belawan, Indonesia from 22 – 25 May 17.

YES BANK, India’s fourth largest private sector bank, announced a partnership with CASHKARO.COM to launch Card Linked Offers (CLO) cashback proposition.  This card transaction offers as part of its loyalty programme for both offline and online shoppers. This is a fully automated program removing the need for additional coupon codes and merchant integrations, thereby offering the users a hassle-free experience with offers being personalised to their unique needs.

India planned to invest Rs 10,000-crore Deep Sea Mission, likely to commence by the year end to explore mineral wealth beneath the ocean floor. Seawater desalination project of Rs 2,000 crore at the Chennai coast will also be taken up under the mission. The oceans that surround the Indian peninsula have over 1,300 islands. They give seven and a half thousand kilometres of coastline and 2.4 million square km of Exclusive Economic Zone. China is also working on deep sea mission for mining mineral deposits in the Indian and Pacific oceans.

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