Current Affairs Update – 8 December, 2016

Hello and welcome to exampundit . Here are the important Current Affairs of 8 December, 2016. These are important for the upcoming IPPB PO Mains, NIACL AO Mains, IBPS Clerk Mains, IBPS RRB Office Assistant Mains and RBI Assistant Mains 2016-17.

Current Affairs at a Glance – 8 December, 2016

  1. The National Bank for Agriculture and Rural
    Development (Nabard)
    on Thursday said it will extend support aggregating about Rs.
    120 crore to banks for deployment of two Point-of-Sale (PoS) devices per
    village in one lakh villages
    having a population of up to 10,000.
  2. India on 5 December 2016 inked an agreement with Hanoi to train the pilots of Vietnam’s fleet of
    Russian-made Sukhoi Su-30MK2 ‘Flanker F’ multirole combat aircraft
    .
  3. US President-elect Donald Trump was named as Person of the Year 2016 on 7
    December 2016 by Time magazine
    . The magazine cited his role for the
    stunning victory in the US Presidential election.
  4. Indian field hockey player PR Sreejesh on 8 December 2016 took over
    as goalkeeping mentor of the India Under-21 team.
  5. The Marylebone Cricket Club (MCC) Committee on 7 December 2016 recommended limiting bat size edges and depths along with many other
    suggestions
    .

Finance/Banking –
Nabard to provide Rs. 120 cr to banks for setting up PoS devices in
villages

  • The National Bank for Agriculture
    and Rural Development (Nabard) on Thursday said it will extend support
    aggregating about Rs. 120 crore to banks for deployment of two Point-of-Sale
    (PoS) devices per village in one lakh villages having a population of up to
    10,000.
  • The move is aimed at taking rural
    India closer towards cashless payment systems, Nabard said in a statement.
  • Further, to encourage the
    adoption of new generation secure technology among farmers who are already on
    Rupay KCC (Kisan Credit Card) platform, Nabard said it will now support the
    procurement of EMV chip and PIN-based RuPay Kisan Cards by both regional rural
    banks and rural cooperative banks.
  • Nabard will spend approximately
    Rs. 108 crore towards this end. It will cover around 4.32 crore KCC holders.

India –
India to train Vietnam’s Sukhoi Su-30MK2 fighter pilots

  • India on 5 December 2016 inked an
    agreement with Hanoi to train the pilots of Vietnam’s fleet of Russian-made
    Sukhoi Su-30MK2 ‘Flanker F’ multirole combat aircraft.
  • The agreement was signed in New
    Delhi by Indian Defence Minister Manohar Parrikar and his Vietnamese
    counterpart, General Ngo Xuan Lich.
  • As per the deal, the training of
    the fighter pilots from the Vietnam People’s Army Air Force (VPAAF) by Indian
    Air Force (IAF) instructors will commence in early 2017.
  • The two air forces are expected
    to imminently work out the details on the number of pilots to be trained, the
    scope of their instruction and the overall cost.
  • The overall cost will not be paid
    through the USD 500 million Line of Credit (LoC) extended by Delhi to Hanoi for
    defence procurements.

World –
Trump named as Time magazine’s person of the year

  • US President-elect Donald Trump
    was named as Person of the Year 2016 on 7 December 2016 by Time magazine. The
    magazine cited his role for the stunning victory in the US Presidential
    election.
  • The Time cover that features a
    photograph of the President-elect sitting on a chair reads, “Donald Trump –
    President of the Divided States of America”.
  • Nancy Gibbs who announced the
    name of Time’s person of the year said that the real baron and casino owner,
    Trump, who never spent a single day in public office, was elected as the 45th
    President of the US. His election as President.
  • Prime Minister Narendra Modi was
    among the 11 candidates shortlisted by Time for its annual honour. Meanwhile,
    Modi won the online readers’ poll conducted by Time magazine for Person of the
    Year 2016, the second time he emerged winner of the reader’s choice poll.

Sports –
PR Sreejesh takes charge as Goalkeeping Coach of India Under-21 hockey
team
  • Indian field hockey player PR
    Sreejesh on 8 December 2016 took over as goalkeeping mentor of the India
    Under-21 team.
  • The decision was taken when the
    home team is all set to compete in the Junior World Cup title after a prolonged
    15-year wait.
  • Sreejesh, who is the captain of
    the senior national men’s team, will take charge of the role from South African
    Dave Staniforth.
  • Staniforth was roped in by Hockey
    India to work with the junior goalkeepers for a short three-week period keeping
    in mind the World Cup. He is set to leave for his home nation tomorrow.

MCC Committee recommends limiting bat size edges and red card
suspension

  • The Marylebone Cricket Club (MCC)
    Committee on 7 December 2016 recommended limiting bat size edges and depths
    along with many other suggestions.
  • The recommendations were made by
    the MCC’s World Cricket Committee, headed by former England captain Mike Brearley,
    to bring about a balance between bat and ball.
  • The suggestions were made during
    a two-day meeting of the committee in Mumbai, which hosts the fourth Test
    between India and England from 8 December 2016.
  • The recommendations will be sent
    to the main MCC Committee. If approved, these changes will be implemented into
    the new code of the Laws of Cricket, which will be introduced on 1 October
    2017.

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Team ExamPundit