Hello and welcome to exampundit. Here are the important Current Affairs Today 27th December 2019. These are important for the upcoming Exams. Candidates who were preparing for the examination can use these current affairs and also you can download the same as PDF.
Current Affairs Today – 27th December 2019
BANKING CURRENT AFFAIRS
RBI caps lending on P2P platforms at Rs 50 lakh
- The Reserve Bank of India has capped the permissible exposure limit of a lender on a Peer-to-Peer lending (P2P) platform for all borrowers.
- The aggregate exposure has been set at Rs 50 lakh at any given point of time.
- The step has been taken to protect the consumer’s interest.
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RBI:The Reserve Bank of India is India’s central banking institution, which controls the issuance and supply of the Indian rupee.
- Founded: 1 April 1935, Kolkata
- Headquarters: Mumbai
- Governor: Shaktikanta Das
- Deputy Governors: B P Kanungo, M K Jain, N S Vishwanathan
GoI to infuse Rs 8,655 crore into Allahabad Bank, IOB & UCO Bank
- The Government of India has approved the release of Rs 8,655 crore as fresh capital to three public sector banks.
- The list includes Allahabad Bank, Indian Overseas Bank (IOB) and UCO Bank.
- The infusion will be done for preferential allotment of shares.
- Fresh capital amounting to Rs 2,153 crore will be allocated to Allahabad Bank, Rs 2,142 crore to UCO Bank and Rs 4,630 crore to Indian Overseas Bank (IOB) for preferential allotment of shares.
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Allahabad Bank is a nationalized bank with its headquarters in Kolkata, India. It is the oldest joint stock bank in India. On 24 April 2014, the bank entered into its 150th year of establishment. The bank was founded in Allahabad in 1865.
- Headquarters: Kolkata
- CEO: S. S. Mallikarjuna Rao
- Founded: 24 April 1865
IOB:Indian Overseas Bank is a major public sector bank based in Chennai, India, with about 3,400 domestic branches, about 6 foreign branches, and a representative office.
- Headquarters: Chennai
- CEO: Shri Karnam Sekar
- Founder: M. Ct. M. Chidambaram Chettiar
UCO Bank:UCO Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is a major government-owned commercial bank of India.
- Headquarters: Kolkata
- CEO: Atul Kumar Goel
- Owner: Government of India
Airtel Payments Bank enables 24×7 NEFT transfers
- Airtel Payments Bank announced its customers will now be able to use the National Electronic Funds Transfer (NEFT) any time of the day in-line with the Reserve Bank of India (RBI) guidelines.
- The facility will be available to customers on a 24×7 basis even on holidays.
- Customers can enable them to receive or send funds to any bank from anywhere, anytime.
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Airtel Payments Bank:It receives a payment bank license from the Reserve Bank of India and it became the first live payments bank in the country.
- Headquarters: New Delhi
- Founded: 2019
NEFT:It is an electronic fund transfer system maintained by the Reserve Bank of India. It is started in November 2005. It is a nation-wide payment system facilitating one-to-one funds transfer.
FINANCE AND ECONOMY
AIIB to give $210 million loans for irrigation & solar energy projects
- The Asian Infrastructure Investment Bank (AIIB) has announced a loan of $210 million for irrigation and solar energy projects in India.
- The bank will lend $145 million to improve irrigation services and strengthen flood risk management in West Bengal.
- The irrigation project in West Bengal is co-financed by the World Bank and is expected to strengthen the management of the Damodar Valley Command Area irrigation scheme.
- The bank will also lend $65 million for a 250-megawatt (MW) solar project in Rajasthan.
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AIIB:The Asian Infrastructure Investment Bank is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region. The bank currently has 74 members as well as 26 prospective members from around the world.
- Headquarters: Beijing, China
- Membership: 75 Members
- The region served: Asia and Oceania
- Main organ: Board of Governors; Board of Directors
- Purpose: Crediting
- Legal status: Treaty
- Formation: 16 January 2016 (Open for business); 25 December 2015 (Entry into force Articles of Agreement)
Finance minister releases stamp to commemorate DRI’s role
- The finance minister of India released a postage stamp to commemorate distinguished service and glorious contribution of the Directorate of Revenue Intelligence (DRI) in protecting the nation.
- DRI plays an immense role to counter smuggling and preserve cultural heritage and the environment of the country.
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DRI:The Directorate of Revenue Intelligence is an Indian intelligence agency. It is India’s chief anti-smuggling intelligence, investigations, and operations agency.
- General nature: Federal law enforcement
- Director-General: Debi Prasad Dash, IRS,
- Headquarters: New Delhi
- Governing body: Government of India
- Founded: 4 December 1957
- Jurisdiction: India
NATIONAL CURRENT AFFAIRS
5th round of India-Japan Maritime Affairs Dialogue
- The 5th Round of India-Japan Maritime Affairs Dialogue was held in Tokyo, Japan.
- The two sides exchanged views on various topics of mutual interest in the maritime domain and identified the means for further strengthening their maritime cooperation.
- The first round of India-Japan Maritime dialogue was held in New Delhi in 2013.
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Japan (Capital/Currency):Tokyo/Yen
- Prime Minister: Shinzo Abe
HRD Minister launches five documents developed by UGC
- Human Resource Development Minister Ramesh Pokhriyal Nishank launched the five documents developed by the University Grants Commission, UGC covering the 5 verticals of Quality Mandate in New Delhi.
- The five documents cover evaluation reforms, eco-friendly and sustainable university campuses, human values and professional ethics, faculty induction and academic research integrity.
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- Human Resource Development Minister: Ramesh Pokhriyal Nishank
Indian Railways launched Him Darshan Express
- The Indian railways started a seven coach glass-enclosed vista dome train on the heritage Kalka-Shimla route.
- The red-colored train decorated with balloons, chugged off from the Kalka railway station in Haryana railway official at the Kalka station
- The Him Darshan train a seating capacity of over 100 passengers and the bookings are full over the next few days because of the peak tourist season and New Year around the corner.
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Indian Railways is India’s national railway system operated by the Ministry of Railways. It manages the fourth largest railway network in the world by size, with a route length of 67,368-kilometre and a total track length of 121,407-kilometre as of March 2017.
- Headquarters: New Delhi
- Founded: 16 April 1853, India
STATE CURRENT AFFAIRS
Assam CM Sarbananda Sonowal launches welfare scheme for students
- Assam Chief Minister Sarbananda Sonowal launched the state government’s Abhinandan scheme during a program held at Srimanta Sankardev Kalakshetra in Guwahati.
- This scheme emphasis on one-time subsidy against education loans availed by the students for an amount of Rs 50,000 each to 1,546 students.
- Abhinandan scheme extends cooperation to students in pursuing higher education and to fulfill the dreams.
- The students to work towards putting Assam in the list of front-ranking states of the country with their hard work, knowledge and their service to society.
- The students who did not apply under this scheme can avail of the benefit of the government subsidy by applying now.
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Assam:
- Capital: Dispur
- Chief Minister: Sarbananda Sonowal
- Governor: Jagdish Mukhi
- National Park: Dibru-Saikhowa NP, Kaziranga NP, Manas NP, Nameri NP, Rajiv Gandhi Orang NP
INTERNATIONAL CURRENT AFFAIRS
China Russia and Iran to hold naval drills in the Gulf of Oman
- China, Russia, and Iran hold trilateral naval exercises in the Gulf of Oman.
- The move is done by three countries in the volatile Middle East.
- The trilateral exercise will be held in the Gulf of Oman from December 27 to 30.
Extra Shots:
China(Capital/Currency):Beijing/Renminbi
- President: Xi Jinping
Russia (Capital/Currency):Moscow/Ruble
- Prime Minister: Dmitry Medvedev
- President: Vladimir Putin
AGREEMENTS AND MOU SIGNED
Federal Bank ties up with Magicbricks
- Private sector lender Federal Bank has tied up with online real estate platform Magicbricks for listing and e-auctioning of immovable properties repossessed by it in recovery proceedings.
- The move is aimed at speedy recovery of the bank’s impaired assets while helping customers get the best rate in the market for their properties.
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Federal Bank: Federal Bank is a Private Sector, a scheduled commercial bank in India, headquartered in Aluva, Kochi. The Bank also has its Representative Offices abroad at Abu Dhabi and Dubai.
- Establishment: 1939 (as Travancore Federal Bank); December 1949 (Federal Bank).
- Headquarter: Kochi, Kerala.
- Managing Director & Chief Executive Officer: Shyam Srinivasan.
- Tagline: Your Perfect Banking Partner.
Ashok Leyland, Citicorp Finance ink MoU for commercial vehicles financing
- Hinduja Group’s flagship firm Ashok Leyland partnered with Citicorp Finance India Ltd for financing commercial vehicles.
- The company has signed a memorandum of understanding (MoU) with Citicorp Finance to enter into a strategic financing partnership for two years, to offer customized financial solutions to customers across India.
- Under the MoU, Citicorp Finance will be a preferred financier for providing finance to the customers buying Ashok Leyland vehicles.
- Citicorp Finance will work in close coordination with the authorized dealers of Ashok Leyland to provide financial solutions to customers.
APPOINTMENT
Former Kolkata Police Chief Rajeev Kumar appointed as Principal Secretary in West Bengal
- West Bengal government appointed former Kolkata Police commissioner Rajeev Kumar as principal secretary in the Information, Technology and Electronics Department.
- The IPS officer replaces Debasish Sen, who was holding additional charges of the department as the additional chief secretary.
- Debasish Sen will be CMD of the West Bengal Housing Infrastructure Development Corporation Ltd (HIDCO) with an additional charge of Nabadiganta Industrial Township Authority as its chairman.
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West Bengal:
- Capital: Kolkata
- Chief Minister: Mamta Banerjee
- Governor: Jagdeep Dhankhar
- National Park: Sundarban National Park, Jaldapara National Park, Gorumara National Park, Neora Valley National Park, Singalila National Park, Buxa Tiger Reserve
AWARDS
AAO bestows Life Achievement honor to Dr. Santosh G Honavar
- Dr. Santosh G Honavar, India’s ophthalmologist is conferred with the American Academy of Ophthalmology’s (AAO) highest award Life Achievement honor that is given to its members.
- He is the first Indian chosen for the honor.
- American Academy of Ophthalmology is the world’s largest association of eye specialists.
OBITUARIES
‘Colours of the Mountain’ author Da Chen passes away
- China’s brilliant storyteller, Da Chen, who created the critically acclaimed memoir “Colours of the Mountain” passed away recently.
- In “Colours of the Mountain” he recounted the abuses he and his family suffered during the latter years of the country’s Cultural Revolution.
- The book was published in seven languages.
- His last book which was published recently was “Girl Under a Red Moon”.
American songwriter Allee Willis passes away
- The American songwriter Allee Willis passed away recently.
- She penned the iconic “I’ll Be There For You” track for the long-running television show “Friends”.
- She has several other hits under her name like Earth, Wind, and Fire, which was inducted into the Songwriters Hall of Fame in 2018.
- She won a Grammy in 1985 for her work on the soundtrack for “Beverly Hills Cop“.
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