Current Affairs Today 28th 29th and 30th December 2019-Download in PDF

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Current Affairs Today – 28th 29th & 30th December 2019

BANKING CURRENT AFFAIRS

RBI directs large UCBs to report exposures above Rs 5 cr to CRILC

• The Reserve Bank of India has directed large cooperative banks to report all exposures of Rs 5 crore and more to the Central Repository of Information on Large Credits (CRILC).
• The move is aimed at early detection of financial distress.
• The aggregate exposure will include all fund-based and non-fund based exposures like partial credit enhancement, including investment exposure on the borrower.
• As per the new rules, Urban Cooperatives Banks are required to submit CRILC report on quarterly basis with effect from December 31, 2019.
• The CRILC was created by the Reserve Bank of India.

Extra Shots:

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

Karnataka Bank launches tab banking service

• Karnataka Bank digital initiative launched KBL Xpress SB Accounts a digitized version for opening Savings Bank account through TAB Banking on the spot.
• The TAB banking account opening process, the Bank can on-board the prospective customer and open the Savings Bank Account.
• Karnataka Bank to introduce KBL Xpress SB Accounts TAB banking facility, a digitized version of account opening.

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Karnataka Bank Limited is India’s twelfth largest private sector bank. It is an ‘A’ Class Scheduled Commercial Bank based in Mangaluru in Karnataka, India. Karnataka Bank Limited has a network of 846 branches, 1540 ATMs and 330 e-lobbies/mini e-lobbies across 22 states and 2 union territories.

• Headquarters: Mangalore
• CEO: Mahabaleshwara M. S

SBI to implement OTP-based ATM cash withdrawals from January 1 2020

• State Bank of India will introduce One Time Password (OTP)-based ATM cash withdrawals. The step has been taken to reduce the occurrences of unauthorised transactions happening at ATMs.
• SBI will introduce one-time password for every cash withdrawal of Rs 10,000 and above between 8 am and 8 pm.
• The OTP-based cash withdrawal will be effective from January 1, 2020 across all SBI ATMs. When an SBI cardholder will enter the amount of cash he/she wishes to withdraw, a screen will appear asking for the OTP.
• The customer will then have to put the OTP that the bank will send to the registered mobile number.

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SBI: The State Bank of India is an Indian multinational, public sector banking and financial services statutory body. It is a government corporation statutory body headquartered in Mumbai, Maharashtra. SBI is ranked as 236th in the Fortune Global 500 list of the world’s biggest corporations of 2019.

• Chairperson: Rajnish Kumar
• Headquarters: Mumbai

Finance Minister launches an e-auction platform “eBkray”

• Finance Minister has launched an e-auction platform “eBkray“.
• The platform will enable online auction of attached assets by banks.
• The platform provides navigational links to all PSB e-auction sites, property search feature.
• It also presents single-window access to information on properties up for e-auction, comparison of similar properties, and also contains videos and photographs of the uploaded properties.
• Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal is an initiative of Indian Banks Association under the policy of the Department of Financial Services, Ministry of Finance was launched to provide a platform to give details of mortgaged properties to be auctioned online by Banks, starting with PSBs.

HDFC Life partners with Paytm to expand its distribution

• HDFC Life Insurance has partnered with Paytm to expand its distribution.
• The partnership is aimed to enable customers of Paytm to purchase insurance products from HDFC Life.
• HDFC Life Insurance is constantly exploring opportunities to create and sustain new partnerships to strengthen its distribution network.
• With the partnership, HDFC Life Insurance aims to increase insurance penetration in India and to simplify the customers experience right from the purchase to the claim process.

Extra Shots:

HDFC Life is a long-term life insurance provider with its headquarters in Mumbai, offering individual and group insurance.

• CEO: Vibha Padalkar
• Headquarters: Mumbai

Reserve Bank of India large cooperative banks to report all exposures of Rs 5 crore

• Reserve Bank of India directed large cooperative banks to report all exposures of Rs 5 crore and more to the Central Repository of Information on Large Credits (CRILC) at early recognition of financial distress.
• Reserve Bank of India created a CRILC of commercial banks all India financial institutions, and individual non-banking financial companies with multiple objectives, which, among others, include strengthening offsite supervision and early recognition of financial distress.
• RBI announced that to bring UCBs with assets of Rs 500 crore and above under the CRILC reporting framework.

Extra Shots:

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

FINANCE AND ECONOMY

Mastercard signs agreement to acquire RiskReckon

• Mastercard has announced an agreement to acquire RiskRecon.
• RiskRecon is one of the leading providers of data analytics solutions and artificial intelligence focused on cyber-risk and security and offering solutions to mitigate cyber risks faced by the companies.
• The acquisition would enhance the cyber-security systems for MasterCard which offers payment processing services on a global scale.

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Mastercard Incorporated is an American multinational financial services corporation headquartered in the Mastercard International Global Headquarters in Purchase, New York, United States. The Global Operations Headquarters is located in O’Fallon, Missouri, United States, a municipality of St. Charles County, Missouri.

• CEO: Ajaypal Singh Banga

BSNL gets 770 cr from Bharat Broadband Nigam to clear BharatNet vendor dues

• Bharat Broadband Nigam Limited to set up an optical fiber network under the BharatNet Project paid around Rs770 crores in advance to BSNL to help the telecom firm clear dues of vendors involved in the project.
• The debt-ridden state-run telecom firm had requested BBNL to pay Rs1,033 crores earlier this month to clear the dues of vendors engaged in the BharatNet project.

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BSNL: Bharat Sanchar Nigam Limited, d/b/a BSNL is an Indian state-owned telecommunications company, headquartered in New Delhi, Delhi, India. It was incorporated by Government of India on 1 October 2000. It provides mobile voice and internet services through its nationwide telecommunications network across India.

• CEO: Pravin Kumar Purwar
• Headquarters: New Delhi
• Founder: Government of India
• Founded: 15 September 2000

NATIONAL CURRENT AFFAIRS

“National Symposium of Poets 2020” organized by All India Radio

• All India Radio organized the National Symposium of Poets 2020. Select poets of all 22 languages recognized in the constitution participated in the symposium.
• It is being held every year since 1956.
• The poets from all corners of the country gave their presentations and captivated the hearts of the people during the symposium.
• The symposium will be broadcasted on the eve of Republic Day and at all the centers of AIR.

Extra Shots:

All India Radio, officially known since 1956 as Akashvani, is the national public radio broadcaster of India and is a division of Prasar Bharati. It was established in 1936. It is the sister service of Prasar Bharati’s Doordarshan, an Indian television broadcaster.

• Motto: Bahujanahitaya Bahujanasukhaya / बहुजनहिताय बहुजनसुखाय
• Founder: Government of India
• Founded: 1930, India
• Headquarters location: New Delhi
• Owner: Prasar Bharati

Gen Bipin Rawat named as country’s 1st Chief of Defence Staff

• Indian Army General Bipin Rawat has been named as the country’s first Chief of Defence Staff (CDS).
• The Chief of Defence Staff will be a 4-star General, the principal military advisor to the defence minister, and will head the new Department of Military Affairs.
• The Chief of Defence Staff will ensure the jointness in training, logistics and procurement of the three services.
• General Rawat is the first officer to hold the post of the Chief of Defence Staff
• The Defence Ministry had also amended the army, air force and navy rules by bringing in a new clause that allows the CDS to serve upto a maximum age of 65 years.

NITI Aayog to launch second edition of Sustainable Development Goals India Index

• NITI Aayog launches the second edition of the Sustainable Development Goals (SDG) India Index in New Delhi.
• The Index documents the progress made by India’s States and Union Territories towards implementing the 2030 SDG targets.
• NITI Aayog launches the Dashboard 2019-20.

Extra Shots:

The NITI Aayog is a policy think tank of the Government of India, established with the aim to achieve sustainable development goals with cooperative federalism by fostering the involvement of State Governments of India in the economic policy-making process using a bottom-up approach.

• Website: niti.gov.in
• Formed: 1 January 2015
• Objectives: Foster involvement and participation in the economic policy-making process by the State Governments of India
• Jurisdiction: Government of India
• Headquarters: New Delhi
• Chairperson: Narendra Modi

 

Nirmala Sitharaman launches common e-auction platform for assets attached by banks

• Finance Minister Nirmala Sitharaman launched eBkray, an online platform to increase the transparency in auctioning of assets attached by banks.
• The platform is equipped with property search features, and navigational links to all PSB e-auction sites provide single-window access to information on properties up for e-auction as well as a facility for comparison of similar properties photographs and videos of uploaded properties.

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• Finance Minister: Nirmala Sitharaman

STATE CURRENT AFFAIRS

Mandu Festival begins at Mandu, Madhya Pradesh

• The first edition of Mandu Festival begins at Mandu, picturesque fort city of Madhya Pradesh. The event is organized by Madhya Pradesh Tourism Board.
• The festival will witness a celebration of the historic heritage blended with the modern vibrancy of the city culture.
• The Mandu festival will offer an eclectic mix of performing arts, workshops, art installations, nature trails, walks, food, architecture and music to the visitors during the festival. The festival is based on the idea of “Khojne Me Kho Jao”.

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Madhya Pradesh:

• Capital: Bhopal
• Chief Minister: Kamal Nath
• Governor: Lalji Tandon
• National Park: Bandhavgarh NP, Fossil NP, Kanha NP, Madhav NP, Panna NP, Pench NP, Sanjay NP, Satpura NP

Odisha govt launches online platform for issuance of certificates

• Chief Minister Naveen Patnaik launched the online platform for the issuance of income certificate, residence certificate, caste certificate without any fees, and based on the self-certification system of asking for the Solvency certificate by the departments.
• The recruiting agencies allow the applicants to declare their caste (ST/SC) and Resident status, etc. at the time of application.

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Odisha:

• Capital: Bhubaneswar
• Chief Minister: Naveen Patnaik
• Governor: Ganeshi Lal
• National Park: Bhitarkanika NP, Simlipal NP

Himachal Pradesh exempts Women from HPPSC HPSSC Exam Fee

• Himachal Pradesh government decided to exempt women from paying the application fee for government recruitment exams.
• The fee exemption applicable to women candidates who apply for any recruitment advertised by the state’s Public Service Commission (HPPSC) and Staff Selection Commission (HPSSC).
• The decision was taken by the Himachal Pradesh cabinet.
• The application fee usually varies from Rs. 500 to Rs. 1500.
• With the application fee gone, it is expected that the number of women applicants will increase.

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Himachal Pradesh:

• State formed on: 25 January 1971
• Governor: Bandaru Dattatreya
• Chief Justice: Lingappa Narayana Swamy
• Chief Minister: Jai Ram Thakur
• Official language: Hindi

Mandu Festival begins at Mandu Madhya Pradesh

• Madhya Pradesh, the 5-day Mandu festival, started in Mandu, a world-famous picturesque tourist destination located in Dhar district of the state.
• The Mandu festival will redefine the essence of the city & bring about the joy of establishing a new tourism hub in the state.
• The Mandu festival celebrated till January 1.
• The rich classical and traditional folk arts of dance, singing, and playing once again come alive through the Mandu festival.

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Madhya Pradesh:

• Capital: Bhopal
• Chief Minister: Kamal Nath
• Governor: Lalji Tandon
• National Park: Bandhavgarh NP, Fossil NP, Kanha NP, Madhav NP, Panna NP, Pench NP, Sanjay NP, Satpura NP

INTERNATIONAL CURRENT AFFAIRS

China launches its largest carrier rocket “Long March-5”

• China has successfully launched its largest carrier rocket “Long March-5“.
• The rocket was launched from Wenchang Space Launch Center in south China’s Hainan Province.
• The rocket is also known as CZ-5. It was China’s third attempt to launch the rocket.
• The Chinese rocket carried the Shijian-20 satellite, a communication satellite and placed it into its designated orbit.
• The Shijian-20 satellite will lay the foundation for the development of highly sensitive space probes.
• It is China’s heaviest and most advanced communications satellite in geosynchronous orbit.

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China (Capital/Currency): Beijing/Renminbi

• President: Xi Jinping

Russia deploys its 1st Avangard Hypersonic missile system

• Russia’s 1st missile unit equipped with Avangard Hypersonic glide vehicle enters into service. Russia’s defence ministry stated that a new hypersonic weapon with latest strategic missiles of intercontinental range has became operational.
• The nuclear-capable missiles can travel more than 20 times the speed of sound.
• They have a “glide system” that affords great manoeuvrability and could make them impossible to defend against.
• The Avangard can carry a nuclear weapon of up to 2 megatons.

Extra Shots:

Russia (Capital/Currency): Moscow/Ruble

• Prime Minister: Dmitry Medvedev
• President: Vladimir Putin

Nepal Bans Indian Vehicles On Pokhara Roads Ahead of New Year

• Nepal banned vehicles with Indian number plates from running in the tourist hub of Pokhara ahead of the new year.
• To attract two million tourists mostly Indians.

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Nepal (Capital/Currency): Kathmandu/ Nepalese rupee

• President: Bidhya Devi Bhandari

Christina Koch records longest single spaceflight by woman

• NASA Astronaut Christina Koch has created a record for the longest single spaceflight by a woman.
• She has surpassed the earlier record of 288 days in space which was previously established by NASA astronaut Peggy Whitson in 2017.
• She would return to Earth in February 2020.
• Till then, she would have spent more than 300 days in the space.
• She is onboard the International Space Station since 14th March 2019.

Extra Shots:

NASA: The National Aeronautics and Space Administration is an independent agency of the United States Federal Government responsible for the civilian space program, as well as aeronautics and aerospace research. NASA was established in 1958, succeeding the National Advisory Committee for Aeronautics.

• Headquarters: Washington, D.C., United States
• Founder: Dwight D. Eisenhower
• Founded: 29 July 1958, United States

China to issue GDP figures under new mechanism from 2020

• China will revise its regional GDP data under a unified accounting mechanism.
• The Chinese economy grew at an annual pace of 6.0 percent in the July-September quarter, the slowest growth since 1992.

Extra Shots:

China (Capital/Currency): Beijing/Renminbi

• President: Xi Jinping

SUMMITS AND CONFERENCES

New Delhi hosts 49th Border Coordination Conference between BSF & BGB

• 49th Border Coordination Conference between border guarding forces of India and Bangladesh was held in New Delhi.
• The Indian delegation was headed by DG Border Security Force Vivek Kumar Johri and the Bangladesh delegation was headed by DG of Border Guards Bangladesh (BGB) Md Shafeenul Islam.
• The conference focused on co-operation in Border Guarding and Border Management between the two forces.

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Bangladesh (Capital/Currency): Dhaka/Taka

• Prime Minister: Sheikh Hasina

RANKS AND INDICES

India ranks 47th in house price appreciation during July, September

• India ranks 47th in the world in terms of appreciation in housing prices as rates grew by only 0.6 percent during the July-September quarter over the year-ago period on slow demand, global property consultant Knight Frank.
• India stood at 11th position in the April-June quarter of 2019, with a 7.7 percent year-on-year rise in home prices.

Ratan Tata Gautam Adani among India’s top 10 most Googled business tycoons

• Tata Sons chairman Ratan Tata emerged as India’s most searched business tycoon on Google in 2019.
• Google released a Year in Search 2019 report shows what was trending on the world’s largest search engine during the year in India.

Extra Shots:

Google LLC is an American multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, search engine, cloud computing, software, and hardware. It is considered one of the Big Four technology companies, alongside Amazon, Apple, and Facebook.

• CEO: Sundar Pichai
• Founded: 4 September 1998, Menlo Park, California, United States
• Parent organization: Alphabet Inc.
• Headquarters: Mountain View, California, United States
• Founders: Larry Page, Sergey Brin

DEFENCE CURRENT AFFAIRS

Raksha Mantri launches DefExpo 2020 mobile app

• Raksha Mantri has launched the “DefExpo 2020” mobile app of the forthcoming DefExpo 2020. The app has been developed by Department of Defence Production, Ministry of Defence (MoD). It provides detailed information about the daily events, participating exhibitors, Defence Public Sector Undertakings (DPSUs), guest speakers of seminars/webinars, publications, and directions of the venues and city weather.
• The main features of the app constitutes inform, engage and feedback.

IAF bids farewell to the iconic “MiG-27” fighter aircraft

• The Indian Air Force bids farewell to the iconic “MiG-27” with a decommissioning ceremony at the Jodhpur air base.
• The Mig 27 is a soviet origin aircraft that was built under licence by HAL and became a part of the IAF strike fleet in 1985.
• The jet contributed significantly in wars and peace-keeping operations and also emerged as the real hero in the 1999 Kargil war.
• It’s contribution in the Kargil war earned it the title ‘Bahadur’.

Extra Shots:

IAF: The Indian Air Force is the air arm of the Indian Armed Forces. Its complement of personnel and aircraft assets ranks fourth amongst the air forces of the world. Its primary mission is to secure Indian airspace and to conduct aerial warfare during armed conflict. Wikipedia

• Founded: 8 October 1932, India
• Headquarters: New Delhi
• Role: Aerial warfare
• Attack: Jaguar, Harpy
• Commander-in-Chief: President Ram Nath Kovind

Home Minister lays foundation stone of CRPF Headquarters in New Delhi

• Union Home Minister laid the foundation stone of Directorate General Building of Central Reserve Police Force (CRPF) in New Delhi.
• The new building at a cost of Rs 280 crore will have all modern facilities and green amenities.
• It will also have effective control and command system with modern training modules for 3.5 lakh strong force to enhance their operational capability.
• The Home Minister also launched a new logo “Garud” for those engaged in providing security to the common man and VIPs.

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CRPF: The Central Reserve Police Force is India’s largest Central Armed Police Force and also considered to be World’s largest Paramilitary Force. It functions under the authority of the Ministry of Home Affairs of the Government of India.

• General nature: Federal law enforcement
• Headquarters: New Delhi
• Motto: “सेवा और निष्ठा”

Minister responsible: Amit Shah, Union Minister of Home Affairs

Indian Navy plans to build 24 submarines 6 of them nuclear powered

• The Indian Navy plans to build 24 submarines including six nuclear attack submarines.
• The Indian Navy the panel the Medium Refit Life Certification (MRLC) of submarine Sindhuraj since the Russian side able to submit bank guarantees and integrity pact due to sanctions imposed by the US.
• The Indian Navy stated that there are presently 15 conventional submarines and two nuclear submarines in its fleet.

Extra Shots:

The Indian Navy is the naval branch of the Indian Armed Forces. The President of India is the Supreme Commander of the Indian Navy. The Chief of Naval Staff, a four-star admiral, commands the navy.

• Vice Chief of the Naval Staff (VCNS): Vice Admiral G Ashok Kumar, AVSM, VSM
• Chief of the Naval Staff (CNS): Admiral Karambir Singh, PVSM, AVSM
• Deputy Chief of the Naval Staff (DCNS): Vice Admiral M. S. Pawar, AVSM, VSM
• Headquarters location: New Delhi
• Garrison/HQ: Integrated Headquarters, Ministry of Defence (Navy)
• Founded: 5 September 1612

AWARDS

Amitabh Bachchan honoured with Dadasaheb Phalke Award

• The 50th Dadasaheb Phalke Awards honored legendary actor Amitabh Bachchan with India’s highest film honor for his stupendous contribution to Indian cinema, in New Delhi.
• President Ram Nath Kovind presented the Award to Mr. Bachchan.
• Union Minister Prakash Javadekar announced that Mr. Bachchan would be awarded the prestigious award.
• The legend Amitabh Bachchan who entertained and inspired for two generations selected unanimously for Dadasahab Phalke Award.

 

Krish Srikkanth, Anjum Chopra to get CK Nayudu Lifetime Achievement Awards

• Former India captain member of the 1983 World Cup-winning team Krish Srikkanth will be the recipient of this year’s prestigious CK Nayudu Lifetime Award given by the BCCI.
• Anjum Chopra is the co-recipient of the lifetime achievement award for the year 2019.
• The BCCI Annual Award function held in Mumbai. Srikkanth and Anjum conferred with the Lifetime Achievement award for their contributions to Indian cricket.

Extra Shots:

BCCI:  The Board of Control for Cricket in India is the national governing body for cricket in India. The board was formed in December 1928 as a society, registered under the Tamil Nadu Societies Registration Act.

• CEO: Rahul Johri
• Headquarters: Mumbai
• Secretary: Jay Shah
• Women’s coach: W. V. Raman
• Men’s coach: Ravi Shastri
• Presidents: C.K. Khanna, Sourav Ganguly

APPOINTMENT

N Thirumala Naik appointed new labour commissioner

• The IAS cadres appointed as Dr Noonsavath Thirumala Naik as the new Labour Commissioner.
• Dr Naik, Director of Fisheries replaced Niranjan Sahu appointed as the Revenue Divisional Commissioner (Northern Division), Sambalpur.

SPORTS CURRENT AFFAIRS

Koneru Humpy becomes women’s World Rapid champion

• Indian Grandmaster Koneru Humpy wins the World Women’s Rapid Chess Championship held in Moscow, Russia.
• She won the title after drawing the Armageddon game against Lei Tingjie of China.
• Humpy is only the second Indian to win the rapid gold in the current format after Vishwanathan Anand who won it in 2017.

Kohli & Bumrah named in Wisden’s T20I Team of the decade

• India skipper Virat Kohli and pace bowler Jasprit Bumrah were the only Indians in Wisden’s T20 International team of the decade.
• Australia’s limited overs skipper Aaron Finch was named captain of the Wisden’s T20 International team of the decade.

Australia paceman Peter Siddle retires from international cricket

• Australian pace bowler Peter Siddle has announced his retirement from International Cricket.
• In his career of 11 years, he represented Australia in 67 Tests, 20 ODIs and 2 Twenty20 matches.
• He took 221 wickets in 67 Test matches.
• He started his International Cricket career against India in 2008.

Extra Shots:

Australia (Capital/Currency): Canberra/ Australian dollar

• Prime Minister: Scott Morrison

BOOKS & AUTHORS

A book titled “Politics of Opportunism” released by S Gurumurthy

• Noted Economist and Political Analyst S Gurumurthy released a book titled “Politics of Opportunism: Regional Parties, Coalitions, Centre-State Relations In India”.
• The book is authored by R P N Singh. The book throws light on the subject related to rise of regional parties and Centre-States relation.
• RNP Singh is a former officer of the Intelligence Bureau, Government of India.
• He has also earned the coveted Presidents Police Medal, Indian Police Medal, the Sukriti and Kautilya awards for his distinguished services.

OBITUARIES

Veteran Political cartoonist Vikas Sabnis passes away

• Veteran Political cartoonist Vikas Sabnis has passed away recently.
• He recently completed 50 years of illustrious career in 2018.
• He was inspired by Bal Thackeray and RK Laxman.
• He has also worked as a staff cartoonist at various newspapers, including the Times of India and the Mid-day.
• He made caricatures and political cartoons on various subjects and issues.
• These ranges from local to international levels.

Vishwesha Tirtha Swami of Pejawar Mutt passes away

• The pontiff of Pejawar Mutt, Vishwesha Tirtha Swami passed away in Udupi.
• He was born at Ramakujna in Dakshina Kannada district on April 27, 1931.
• He was ordained as a monk at the age of eight in 1938, as the 33rd seer in the linage or ‘guru parampara’ of the Pejawar Mutt.

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