Current Affairs 29th November 2017 - Banking, SSC, UPSC Affairs

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Current AffairsThe Hyderabad Metro Rail opened for public with the passengers describing their first-time travel by it as a “convenient, comfortable and awesome experience“. Prime Minister Narendra Modi inaugurated the first phase of the elevated Hyderabad Metro Rail project at the Miyapur station. The metro rail commenced its operations between Miyapur and Nagole, having a total distance of 30 km and 24 stations, the concessionaire, L&T Metro Rail (Hyderabad) Limited.

Robin Campillo’s French film 120 Beats Per Minute, about a passionate fight against indifference towards AIDS, won the prestigious Golden Peacock award for best film at the controversy-ridden 48th International Film Festival of India. The film’s actor Nahuel Perez Biscayart won the Silver Peacock in the best actor male category. Malayalam film Take Off, which is loosely based on the evacuation of nurses from Kerala, who were stranded in Iraq’s Tikrit in 2014, won two awards at the festival’s Indian Panorama section winning Silver Peacocks for best direction (Mahesh Narayanan) and best actor female (Parvathy). Actor Amitabh Bachchan presented the Indian film personality of the year award.

India and United Kingdom (UK) will soon sign Memorandum of Understanding (MoU) in the urban transport sector for cooperation in policy planning, technology. The draft of MoU was finalised by Union Minister of Road Transport & Highways Nitin Gadkari and Chris Grayling, Secretary of State for Transport of UK. It will also help in promoting digital transactions and induction of high capacity diesel and electric vehicles (EVs) in India.

‘SAUBHAGYA’ scheme introduced with an aim to transform the lives, especially poorest of the poor by providing power supply to every household of the country.  Launching the scheme, Union Minister of State for Power and New & Renewable Energy RK Singh revealed that Manipur has been doing well in terms of power generation because of new initiatives were taken by the government. Saubhagya is a scheme launched to achieve universal household electrification in all parts of the country at a cost of Rs 16,320 crore including Gross Budgetary Support (GBS) of Rs 12,320 crore from the Centre. Minister further is the vision of Prime Minister Narendra Modi to provide electricity to every household of the country.

Madhya Pradesh becomes the first state in the country to adopt Panch Parmeshwar portal and app system for making panchayat’s functioning more transparent easy and reliable. It is the first state in the country to adopt this system in which all acts and dealings of the gram panchayats will be displayed on the public domain. It will prove to be a milestone to implement digital and cashless dealings in even far-flung villages under the Digital India Campaign of Government of India.

Five more Russian competitors from the 2014 Sochi Winter Olympics, including two gold medallists, have been banned for life over anti-doping rule violations by International Olympic Committee (IOC). Dmitrii Trunenkov and Aleksei Negodailo, both in the gold-medal winning four-man bobsleigh team, plus biathlon relay silver medalists Yana Romanova and Olga Vilukhina, who also won silver in the 7.5 kilometres event. Sergei Chudinov, who came fifth in the men's individual skeleton, was also disqualified for doping breaches.   

Jet Airways and Air France-KLM announced a partnership to route more traffic through Europe and on to North America, in a potential challenge to Gulf carrier Etihad Airways that is a shareholder in Jet. The agreement also includes Delta Air Lines, with which Air France KLM has an existing partnership.

A new Payments Bank 'Paytm Payments Bank' was formally launched at the hands of the Union Finance Minister Arun Jaitley. Currently, India has four Payments Bank including Paytm Payments Bank. The other three operational ones are Airtel Payments Bank, India Post Payments Bank and Fino Payments Bank. A payments bank is a differentiated bank. A customer can open a savings bank account in them and have deposits of up to Rs. 1 lakh. These banks cannot, however, lend money to their customers.

Myanmar's de facto leader Aung San Suu Kyi has been stripped of the Freedom of Oxford award over her "inaction" in handling the raging Rohingya refugee crisis and turning a "blind eye to violence" in the country that forced over 600,000 people to flee to Bangladesh.  Oxford City Council in London voted unanimously to permanently remove the honour given to 72-year-old Suu Kyi in 1997.

Amazon India in collaboration with hardware accelerator HAX and crowd-funding community Kickstarter, has announced a startup challenge 'Startup C-Cube'. The winners of the contest will have an opportunity to engage with Boeing on future partnerships. The multi-level challenge to be held in Bengaluru on December 5 gives entrepreneurs a chance to turn their ideas into 'real business opportunities'. The challenge will mark the first anniversary of Amazon India's startup initiative 'Launchpad'.

The festival concluded with the world premiere of Indo-Argentinian co-production "Thinking of Him", directed by Pablo Cesar. The closing ceremony was attended by Goa Chief Minister, Manohar Parikkar, Union Minister Smriti Irani. The legendary actor Amitabh Bachchan was honoured with the Indian film personality of the Year Award at the glittering Closing Ceremony. The award was presented by Union Minister Smriti Irani and Akshay Kumar.  

The Appointments Committee of the Cabinet (ACC) appointed senior bureaucrat Badri Narain Sharma as Chairman of National Anti-Profiteering Authority. Sharma is 1985 batch IAS officer of Rajasthan cadre. Prior to this appointment, he was an additional secretary of Department of Revenue, Finance Ministry. The Union Cabinet in November 2017 approved setting up of five-member NAA, mandated to ensure that the benefits of GST rate reduction.

The Union Ministry of Health and Family Welfare (MoHFW) and Indian Council of Medical Research (ICMR) had launched India Hypertension Management Initiative (IHMI). The IHMI aims to reduce disability and death related to cardiovascular disease (CVD), the leading cause of death in India. It also aims to strengthen CVD component of Health Ministry’s National Program for Control of Cancer, Diabetes, Cardiovascular Diseases and Stroke (NPCDCS).

The first edition of International Symposium to Promote Innovation & Research in Energy Efficiency (INSPIRE 2017) was held in Jaipur, Rajasthan. The five-day symposium is being organized by Energy Efficiency Services Limited (EESL) in partnership with The World Bank, and Alliance for an Energy Efficient Economy (AEEE). Its main objective was to provide a common platform for energy efficiency community to discuss energy efficiency policies, emerging technologies, market transformation strategies, delivery and business-model-driven transformations.

The Ministry of Finance appointed former economic affairs secretary Shaktikanta Das as India’s G20 Sherpa for the Development Track of the grouping. There are two tracks in G-20 — Finance Track and Development Track. Finance Track is managed by the secretary (economic affairs) as India’s Deputy to G-20 and the Development Track is coordinated by the Sherpa.

Russia agreed to assist India to set up National Crisis Management Centre (NCMC) in the country to handle disaster and other emergency situations. This was agreed during a meeting between Union Home Minister Rajnath Singh and Russian Minister for Emergency Situations Vladimir Puchkov in Moscow. Both sides agreed that EMERCOM of Russia would cooperate with India in the establishment of the National Crisis Management Centre (NCMC) in India.

President Ram Nath Kovind conferred the 3rd Indian Council for Cultural Relations(ICCR) Distinguished Indologist Award on Professor Hiroshi Marui of Japan at a function held at Rashtrapati Bhavan. Professor Marui has spent over 40 years working on Indian philosophy and Buddhist Studies. He is President of Japanese Association of Indian and Buddhist Studies and has made a significant contribution to Indology in Japan.

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