Current Affairs 8th November 2017 - Banking, SSC, UPSC Affairs

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Tata Steel set up India’s largest Coke Dry Quenching (CDQ) facility at its steel plant located in Kalinganagar, Odisha. Project for setting up CDQ facility at Tata Steel’s Kalinganagar plant has been executed by Essar Projects whereas Nippon Steel and Sumkin Engineering (NSENGI) of Japan were the supplier and technology partner.

India Post Payments Bank will become operational in all 650 districts of the country by April next year. These banks will be linked to 1.55 lakh rural post offices and carry out banking services.

Information and Broadcasting Minister Smriti Irani flagged off Digital Rath in New Delhi to create awareness among people for the cashless transaction. UPI transactions have increased from 3.8 million in April to 77 million in October this year, which is a huge growth. The travel is around 20 thousand kilo-meter and will reach 10 lakh people.

Revenue Secretary Hasmukh Adhia designated as the new Finance Secretary. Adhia is a 1981 batch IAS officer of Gujarat cadre. The vacancy was caused following the superannuation of Ashok Lavasa in October 2017. As per the convention, the senior most Secretary in the Finance Ministry is designated as the Finance Secretary. There are five departments under the Finance Ministry- Expenditure, Economic Affairs, Financial Services, Revenue and Department of Investment and Public Asset management (DIPAM).

M.C. Mary Kom (48kg) notched up her fifth gold medal at the Asian Women’s Boxing Championships in Vietnam. She has defeated North Korea’s Kim Hyang Mi. This is Mary Kom’s first international gold medal since the 2014 Asian Games. Mary Kom’s last medal came in the 2014 Asian Games in Incheon, where she became the first Indian woman boxer to win gold in the Women’s Flyweight (51 kg) category.

Shri Piyush Goyal, Union Minister of Railways & Coal launched ‘Grahak Sadak Koyla Vitaran App’ benefitting customers of Coal India Limited (CIL) lifting coal through road mode. The customer-friendly app launched recently in Kolkata on CIL’s Foundation Day helps achieve transparency in despatch operations, as a tool to monitor, whether the despatches are made on the fair principle of ‘First in First Out’.

Indian short film ‘The School Bag’ won the 'Best Short Film Award' at the South Asian Film Festival of Montreal (SAFFM). It tells a story based in Pakistan. The movie is directed by Dheeraj Jindal. Actress Rasika Dugal plays the mother in the short film.

The Kerala government inked a Memorandum of understanding (MoU) with Intel and UST Global for exploring the possibility of transforming the state into an electronic hardware manufacturing hub. The MoU was signed by the state IT department, Intel and UST Global in the presence of Chief Minister Pinarayi Vijayan. Kerala government was committed to making the state an electronic hardware manufacturing hub. To achieve this goal, the government had taken the initial steps by setting up the Kerala Electronics and Hardware Mission.

Apollo Munich Health Insurance Company, a joint venture between integrated healthcare provider. Apollo Hospitals Group, and the Munich Re Group was conferred with the 21st Asia Insurance Industry Awards in the "General Insurance Company of the Year" category. The award recognizes Apollo Munich's contribution in demonstrating market leadership during the qualifying period via innovation in products, services, practices, responsiveness to end-users and intermediaries. It is the first standalone health insurer in Asia-Pacific region to win General Insurance Company of the Year at AIIA.

A Financing Agreement for IBRD loan of US$ 119 million (equivalent) for the “Odisha Higher Education Programme for Excellence & Equity (OHEPEE) Project” was signed with the World Bank. The Objective of the project is to improve the quality of 'students’ equitable access to selected institutions and enhance governance of the higher education system in Odisha. The closing date for the project is 30th November, 2022.

The transportation network company Ola announced its strategic partnership with Microsoft company and thereby choosing the Microsoft as its preferred cloud provider. Ola Play customers will be able to use productivity tools such as Office 365 and Skype for Business, as well as voice-assisted controls built using Microsoft Cognitive Services and bot framework, in-car during their rides. It helps transform the car into a high-performing, intelligent vehicle, capable of assessing fuel efficiency, engine performance, and driver performance.

Among 64 cities from 44 countries have been designated as UNESCO Creative Cities by Director-General, Irina Bokova. Chennai is the third Indian city on the list of UNESCO Creative Cities list after Jaipur and Varanasi. After this, the UNESCO Creative Cities Network now counts a total of 180 cities in 72 countries. Few famous cities included in the list are Auckland (New Zealand), Cairo (Egypt), Cape Town (South Africa), Istanbul (Turkey), Yamagata City (Japan).

External Affairs Minister Sushma Swaraj held a meeting with Guinea’s Foreign Minister, Mamady Toure, during the course of which the latter handed over his country’s instrument accession to the India-initiated International Solar Alliance (ISA). According to a statement issued by the External Affairs Ministry, Sushma Swaraj and Toure exchanged views on a broad range of subjects covering bilateral friendship and cooperation.

Paytm introduced payments using BHIM UPI through which users can create their own Paytm BHIM UPI ID on the app, using which customers can transfer money. Using BHIM UPI users can create their own Paytm BHIM UPI ID on the app, which will be issued by Paytm Payments Bank. As per the National Payments Corporation of India (NPCI) guidelines, users can send up to Rs. 1 lakh a day using BHIM UPI and there is no receiving limit.

HDFC Bank Limited made online transactions through RTGS and NEFT free of cost from with an aim to promote a digital economy. For a customer can avail one chequebook of 25 leaves free, only once in a year. If a cheque is returned due to insufficient funds, each such cheque will attract a penalty of Rs 500. In cases where cheques deposited are returned unpaid, the charge has been raised to Rs 200 per instance.

India conducted a flight test of its indigenously designed and developed long-range sub-sonic cruise missile ‘Nirbhay’. It can carry warheads of up to 300 kg from a test range at Chandipur along the Odisha coast. This was the fifth experimental test of the homegrown missile system. The test fire was carried out by Defence Research and Development Organisation (DRDO).

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  • Obituary,
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  • Important Committee,
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  • Important Days & its Theme for Current as well as upcoming Year,
  • Books & Its Authors,
  • Agreements & MoUs,
  • Budget, Taxes,
  • Various Important Lists & Indexes,
  • Visits by World Presidents, Prime Ministers,
  • Political affairs and all Current News.

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