Wednesday, 7 December 2016

Current Affairs, Daily GK Update 7th December 2016

Current Affairs, Daily GK Update 2016
1. Singapore tops global education rankings:
  • Singapore has the highest achieving students in international education rankings.
  • It is are based on tests taken by 15-year olds in more than 70 countries.
  • The influential Programme for International Student Assessment (Pisa rankings) run by the Organisation for Economic Co-operation and Development, (OECD).
  • The Pisa provides education rankings based on international tests taken by 15-year olds in maths, reading and science.
2. India, Russia to hold joint naval drills:
  • The India-Russia Indra NAVY-2016 naval exercise will be held from 14th to 21st December.
  • The exercise will be held in the city of Visakhapatnam and in the Bay of Bengal. 
  • The first Indian-Russian naval exercises were held in May 2003.
3. JS Khehar to be next Chief Justice of India:
  • Supreme Court judge Justice Jagdish Singh Khehar  will be the next Chief Justice of India (CJI).
  • He will succeed Justice T. S. Thakur.
  • Justice Khehar will be sworn in as CJI (44th ) on 4th January 2017 and  hold the post till 28th August, 2017.
  • He will be the first Sikh to be India’s Chief Justice.
4. Mahila E-haat ties up with India Post, SBI:
  • The Women and Child Development Ministry has tied up with India Post and SBI.
  • This will offer more payment options to buyers and simplify shipping of products bought from "Mahila E-haat", an online marketing platform for women entrepreneurs.
  • Now, SBI customers abroad can make use of "SBI Global".
5. Remote sensing satellite Resourcesat-2A successfully launched:
  • The Indian Space Research Organisation (ISRO) has launched PSLV C36 Resource Sat-2A from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. 
  • The satellite is intended to continue the remote sensing data services to global users.
6. Govt. asks banks to install additional 10 lakh POS to promote digital transactions:
  • The Union Government has asked banks to install 10 lakh additional Point of Sale (PoS) terminals by March 2017 to promote digital transactions across the country.
  • Banks have already placed orders for 6 lakh PoS machines.
  • Currently, about 15 lakh PoS terminals across different merchants to facilitate card based payments.
  • The government has also waived 16.5% excise duty payable on acquisition till 31st March 2017.
  • A point-of-sale (POS) terminal is a computerised replacement for a cash register.
7. RBI monetary policy: Governor Urjit Patel keeps repo rate unchanged:
  • Today, Reserve Bank of India (RBI) kept its key short-term lending rate, or repo rate, unchanged at 6.25 percent.
  • The Reverse repo rate, the Marginal Standing Facility and the Bank Rate were also kept unchanged.
  • In its monetary policy review, the central bank also lowered its GDP growth forecast to 7.1 % for this fiscal, from the earlier 7.6 %, due to short-term disruption in economic activities from demonetisation.
  • The Reserve Bank also withdraw the 100 % incremental Cash Reserve Ratio from December 10.
8. Hindi language in the top 10 most powerful languages:
  • The World Economic Forum (WEF) has named Hindi language ranked 10th in the top 10 most powerful languages on the planet. 
  • The list features English as the most powerful language followed by Mandarin. 
  • The index applied for the consensus took into account various factors including geography, economy and diplomacy. 
  • The WEF further forecasted the list for 2050, with Hindi climbing one spot to ninth.
9. IISF-2016 to begin in New Delhi from today:
  • The five-day festival IISF-2016 is being held from today at CSIR National Physical Laboratory Campus in New Delhi and will continue till 11th December.
  • It will showcase India’s achievements and progress in the field of science and technology with a focus on science for masses.
  • The festival will provide an opportunity to the young minds to inculcate scientific temper and exchange ideas in scientific research.
10. The Lifeline Express to get two more coaches for cancer treatment:
  • The world’s first hospital train, Lifeline Express is all set to get two additional coaches for cancer treatment.
  • The decision was announced by the Ministry of Railways on 6th December 2016. 
  • Railway Minister Suresh Prabhu along with Health Minister JP Nadda will be inaugurating the new additions. 
  • The coaches are purely equipped for detection and control of oral, cervical and breast cancer and prevention of stroke. 
  • They will be accompanied by three fully equipped operation theatres.
11. Chandrababu launches AP Purse mobile app to promote digital transactions:
  • Chief Minister of Andhra Pradesh N Chandrababu Naidu has launched AP Purse mobile app featuring 13 mobile banking and 10 mobile wallet options in Vijayawada.
  • Now, people can pay their bills using the app and carry out their cashless transactions.
  • The State government has introduced cashless transactions at fair price shops and completed 70% of transactions using Aadhaar linkage to provide relief to people suffering from the shortage of small currency.
12. Artist Helen Marten wins 2016 Turner Prize:
  • Multimedia artist Helen Marten won the Turner Prize, which is Britain’s top award for contemporary art. 
  • The prize comes with a cash award of about USD 31800. 
  • The Turner Prize is the second prize in a month for Marten, who also won the inaugural Hepworth Prize. 
  • The nominees for the 2016 Turner Prize were Michael Dean, Anthea Hamilton, Helen Marten and Josephine Pryde.
13. Odisha to appoint 1000 Banking correspondents in unbanked gram panchyats:
  • The Odisha government has decided to appoint 1000 Banking correspondents in about 1000 unbanked gram panchyats spread across 107 blocks across the State.
  • Banks will appoint Banking correspondents through the Odisha Livelihoods Mission(OLM) in unbanked rural areas to help the people who are facing difficulties due to the effect of demonetization.
  • In the next six month,around 6 thousand banking correspondents will be recruited in all 6 thousand gram panchyats of the state to assist people for the cashless transaction.
14. Armed Forces Flag Day being observed:
  • Today(7 Dec), Defence Minister Manohar Parrikar recalled the sacrifices of brave Indian soldiers on the occasion of Armed Forces Flag Day (Flag Day of India).
  • The day is dedicated towards the collection of funds from people for the welfare of the Armed Forces personnel.
  • It has been observed annually on this day since 1949.
15. MSME award for Corporation Bank:
  • Corporation Bank has bagged the ‘Best MSME Bank Award 2016’ instituted by Assocham. 
  • Corporation Bank is a public sector banking company headquartered in Mangalore, India.
16. Vijaya Bank bags SME award:
  • Vijaya Bank has been adjudged ‘Best Bank for SME Lending award’ by Assocham. 
  • The award was received by Kishore Sansi, Managing Director & CEO of the bank under ‘Best SME Lending’ category for public sector banks at the fourth SMEs Excellence Award function in New Delhi.
17. Ambedkar's birth anniversary to be observed as 'Water Day':
  • Dr BR Ambedkar's birth anniversary to be observed as 'Water Day' on 14 April across the India.
  • The day will be observed to mark Ambedkar’s contribution in water resource management of the country.
18. Noted journalist Cho Ramaswamy passes away:
  • Senior political satirist and founder editor of 'Thuglak magazine' Srinivasa Iyer Ramaswamy (82-year) passed away due to cardiac arrest in a Chennai(Tamil Nadu).
  • He was an advisor to former Tamilnadu Chief Minister J Jayalalithaa.
  • Cho Ramaswamy was a nominated member of the Rajya Sabha from 1999 to 2005.
19. BEML bags CII National Quality Award:
  • Bharat Earth Movers Limited Ltd (BEML) has bagged the ‘CII National Quality 2016 Award’
  • The award has been jointly instituted by the Confederation of Indian Industries (CII) and Export Import Bank (EXIM).

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