Current Affairs 12th November 2017 - Banking, SSC, UPSC Affairs

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The government has raised the maximum amount that a Central government employee can borrow from the government for house-building to Rs.25 lakh from the earlier Rs.7.5 lakh. The interest rate on the loan amount shall be at a uniform rate of 8.5% at simple interest, in place of the earlier four slabs of interest rates ranging from 6% to 9.5%.

The Island Development Agency (IDA) decided today to develop an airport at Minicoy Island to boost tourism and promote tuna fishing industry for improving livelihoods in Lakshadweep. This decision was taken at the second meeting of the IDA chaired by Union Home Minister Rajnath Singh. The IDA was set up on June 1 this year, following Prime Minister Narendra Modi’s review meeting for the holistic development of islands.

Dubai police officers set a Guinness World Record by pulling the world's largest passenger airliner Airbus A380 for a distance of 100 metres. The plane which weighs 3.02 lakh kg was dragged by 56 police officers to break the previous record set by 100 people who pulled a 2.18-lakh kg airplane at Hong Kong International Airport in 2011.

The Union Cabinet has approved Rs.25,703 crore for the development of an Exhibition-cum-Convention Centre (ECC) at Dwarka in Delhi. The ECC will reportedly be developed in Public-Private Partnership (PPP) and non-PPP mode by 2025. Once fully operational, it is expected to bring the national capital in the league of Shanghai, Hong Kong, and Singapore in the area of exhibition market.

Union Minister Nitin Gadkari announced World Bank-backed Rs.6,000 crore scheme to improve the irrigation facilities and water accessibility capacity in several states including Maharashtra, Karnataka, and Telangana. Gadkari also announced Rs.25,000 crore-worth Daman Ganga-Pinjar inter-state river connectivity project, which is expected to resolve the domestic water supply demand of Mumbai.

India holds Dubai’s first-ever AYUSH conference to spread awareness about the prevention and management of lifestyle diseases through Yoga and Ayurveda. ‘International AYUSH Conference and Exhibition 2017’ with the theme of ‘Lifestyle diseases: Prevention and management through AYUSH’ organised from November 9-11 by Science India Forum. This conference is attended by 1200 delegates from AYUSH systems from more than 20 countries.

Federal Bank has obtained RBI approval to open representative offices at Kuwait and Singapore. The bank already has its representative offices in Abu Dhabi and Dubai and it has tied up with 110+ overseas banks/remittance partners.

The RBI asked banks to provide doorstep banking facilities to senior citizens of more than 70 years of age and differently-abled persons by December this year. Banks have been directed that senior citizens and specially-abled persons, including the visually-impaired, should be provided basic services like pick-up and delivery of cash, chequebooks and demand drafts at their residence.

"Transport for London" has been given the 2017 'Bad Grammar Award' by The Idler Academy in Britain. The award was instituted by the academy to highlight "the incorrect use of English by people and institutions who should know better."

Haryana has emerged as the first state in the country to treat Hepatitis-C patients through oral medicine. For the first time, the state government has included oral medicine in government hospitals. The medicine and treatment costs about Rs 28,000 to Rs 30,000 in the market, but the state government would provide this facility free of cost.

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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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