Daily Current Affairs Update – 28-29-30 January, 2017

Hello and welcome to exampundit. Here are the important Current Affairs for 28, 29 and 30 January, 2017 for General Awareness section in the Banking and Insurance Exams 2017. These are important for the upcoming Syndicate PGDBF and other insurance exams.

Daily Current Affairs at a Glance – 28-29-30 January, 2017

  1. India Post Payments Bank (IPPB) on Monday
    kicked off its operations by rolling out pilot services in Raipur and Ranchi
    .
    The bank will offer an interest rate of 4.5% on deposits up to Rs25,000; 5% on
    deposits of Rs25,000-50,000 and 5.5% on Rs50,000-1,00,000, its chief executive
    officer A.P. Singh said.
  2. In a big relief to people and
    small businesses, RBI today announced lifting of restrictions on daily
    withdrawal of money from ATMs and from current accounts
    but the
    weekly limit of Rs. 24,000 on savings bank accounts will continue.
  3. The Telangana government has signed
    a memorandum of agreement with French firm
    Aerocampus Aquitaine
    , known for aircraft maintenance skill training,
    here today to create a world-class aero
    skill academy.
  4. Industrialist Anil Ambani-led Reliance
    Defence
    on Monday said it has
    signed a contract with the Ministry of
    Defence for the design and construction of 14 Fast Patrol Vessels for the
    Indian Coast Guard valued at Rs 916 crore
    , the company said on Monday.
  5. The Indian Space Research
    Organisation (ISRO) on 25 January 2017 successfully ground tested its
    indigenously developed Cryogenic Upper Stage for GSLV Mk III rocket.
  6. The Indian Navy’s annual Theatre
    Readiness Operational Exercise (TROPEX)
    began
    on 24 January 2017 off the Western Seaboard. The exercise will be held till the
    fourth week of February 2017.
  7. P Vishwanath Shetty, retired
    judge of Karnataka High Court, was on 28 January 2017 sworn in as the Lokayukta
    of Karnataka, a seat that had been vacant since December 2015. He succeeds Y
    Bhaskar Rao, who left the seat in 2015.
  8. The Union Home Ministry on 30
    January 2017 announced the appointment of Amulya Kumar Patnaik as the Delhi Police Commissioner.
  9. Award-winning Hollywood film
    producer and Wimbledon tennis player Ashok Amritraj was on 27 January 2017 appointed as UN in
    India Goodwill Ambassador for the SDGs
    .
  10. President of India Pranab
    Mukherjee appointed Dr Vijay Bhatkar as the Chancellor of Nalanda
    University
    with effect from 25 January 2017.
  11. President Pranab Mukherjee on 27 January 2017 appointed Banwarlal Purohit and
    P B Acharya as acting Governors
    of Meghalaya and Arunachal Pradesh respectively
    .
  12. Transparency International on 25 January 2017 released the Corruption
    Perceptions Index (CPI) 2016
    . The Index measured the perceived levels of
    public sector corruption in 176 countries and territories across the world. The CPI 2016
    declared India as the 79th cleanest country among the 176 countries surveyed
    .
  13. France’s Iris Mittenaere on 30 January 2017 was crowned the Miss Universe 2016. The pageant was held at the
    Mall of Asia Arena, Pasay, Metro Manila, Philippines.
  14. The Supreme Court on Monday appointed a four-member panel to look after
    the administration of the BCCI
    . Former
    Comptroller and Auditor General (CAG) Vinod Rai was
    appointed as the head of the panel
    , while noted cricket historian
    Ramachandra Guha, IDFC official Vikram Limaye, and former Indian women’s
    cricket captain Diana Edulji were made the members of the panel.
  15. 2016 Olympic silver medalist PV Sindhu and
    Sameer Verma on 29 January 2017 won the men’s singles and the women’s
    singles titles respectively at the Syed Modi International Badminton
    Championships
    .
  16. Roger Federer on 29 January 2017
    won the 2017 Australian Open Men’s Singles title.
  17. Serena Williams on 28 January 2017 won the 2017 Australian Open
    Women’s Singles title.
  18. Anti-Leprosy Day was observed on 30 January
    2017
    across the country to spread
    awareness about the disease.

Financial and Banking News:
India Post Payments Bank launched in Raipur and Ranchi, offers up to
5.5% interest rate on deposits

  • India Post Payments Bank (IPPB)
    on Monday kicked off its operations by rolling out pilot services in Raipur and
    Ranchi. The bank will offer an interest rate of 4.5% on deposits up to
    Rs25,000; 5% on deposits of Rs25,000-50,000 and 5.5% on Rs50,000-1,00,000, its
    chief executive officer A.P. Singh said.
  • The paid up equity of the new
    bank is Rs800 crore, of which the government has already infused Rs275 crore,
    he added. “The idea is to have a branch in every district and make 3 lakh
    postmen come alive in payment bank function,” he said.
  • Also 1,000 ATMs of India Post
    will be transferred to IPPB, Singh added. Telecom minister Manoj Sinha said
    that IPPB plans to have 650 branches across the country by September 2017.
  • Terming IPPB as a mechanism for
    financial inclusion and a milestone, Sinha said the payments bank—the third one
    to get a permit after Airtel and Paytm and the first one promoted by the
    government—will not just conduct business but also serve people. India Post
    Payments Bank is the third entity to receive payments bank permit after Airtel
    and Paytm.

RBI lifts cash withdrawal limits from ATMs from February 1

  • In a big relief to people and
    small businesses, RBI today announced lifting of restrictions on daily
    withdrawal of money from ATMs and from current accounts but the weekly limit of
    Rs. 24,000 on savings bank accounts will continue.
  • The Reserve Bank also promised to
    review the weekly limit in the near future depending on the pace of
    remonetisation. “On a review of the pace of remonetisation, it has been decided
    to partially restore status quo ante,” RBI said adding, cash withdrawal limit
    from ATMs stands withdrawn from February 1, 2017.
  • Banks, however, have been asked
    to fix their own limits, as has been the case before November 8, 2016, the day
    government scrapped high denomination currency notes of Rs. 500 and 1,000.
  • RBI has also removed all limits
    on cash withdrawals from current accounts/ cash credit accounts/ overdraft
    accounts with immediate effect. “The limits on Savings Bank accounts will
    continue for the present and are under consideration for withdrawal in the near
    future,” it said.
  • It further said that banks have
    been “urged to encourage their constituents to sustain the movement towards
    digitisation of payments and switching over of payments from cash mode to
    non-cash mode.”
  • Government and RBI had imposed
    limits on withdrawal of money from ATMs and bank branches in view of currency
    shortage following demonetisation.

Telangana inks MoU with AEROCAMPUS for aero skills academy

  • The Telangana government has
    signed a memorandum of agreement with French firm Aerocampus Aquitaine, known
    for aircraft maintenance skill training, here today to create a world-class
    aero skill academy.
  • The project deliverables include
    identifying skill gaps, designing courses and enabling European Aviation Safety
    Agency and Directorate General of Civil Aviation certifications for the academy
    and its courses.
  • This partnership focuses on
    developing skills among the youth as well as experienced professionals. The new
    academy will offer specialised aeronautical courses in engineering, manufacturing
    and maintenance domains.
  • The academy proposes to offer
    long duration basic training programmes for young students and vocational
    training and short duration courses tailor-made to industry requirements for
    experienced technicians.
  • The MoU was signed between Jerome
    Verschave, General Manager, Aerocampus and Jayesh Ranjan, TS Secretary,
    IT&C, in presence of Advisor to Government, Papa Rao and Florence Forzy
    Raffard, Councillor for International Economic Affairs, Bordeaux.

Reliance Defence bags Rs 916 crore contract from Indian Coast Guard

  • Industrialist Anil Ambani-led
    Reliance Defence on Monday said it has signed a contract with the Ministry of
    Defence for the design and construction of 14 Fast Patrol Vessels for the
    Indian Coast Guard valued at Rs 916 crore, the company said on Monday.
  • These ships are medium range,
    high speed vessels, and primarily used for patrol within the exclusive economic
    zone, costal surveillance, and anti-smuggling, anti-piracy, search and rescue
    operations. They also support front-line warships in the hour of need.
  • Virtually all the private sector
    and public sector Shipyards had bid for the project, including Larsen and
    Toubro, Cochin Shipyard, Goa Shipyard, and Garden Reach Shipbuilders and
    Engineers.

NEC and Union Ministry of Textiles sign MoU to harness the hidden
potential of Cane & Bamboo
  • The North Eastern Council (NEC)
    on 29 January 2017 signed a Memorandum of Understanding (MoU) with the
    Development Commissioner (Handicrafts) of the Union Ministry of Textile in
    Shillong to harness the hidden potential of Cane and Bamboo of North Eastern
    Region (NER).
  • The MoU was signed by Ram Muivah,
    Secretary of NEC and Development Commissioner(Handicrafts) Alok Kumar.

Highlights of the MoU
  • It will provide a push for the
    integrated and inclusive development of Cane & Bamboo Sector of NRE through
    skilled manpower, marketing support, technology dissemination and institutional
    support.
  • This will altogether mobilise the
    masses and promote Bamboo sector as a whole throughout the country. 
  • The NEC and the Development Commissioner
    (Handicrafts) will promote Cane and Bamboo Technology Centre (CBTC) of Assam
    and the Bamboo & Cane Development Institute (BCDI) of Tripura as the
    Centres of Excellence in South East Asia.
  • CBTC will be transformed into a
    Regional Centre of Excellence and the BCDI will be converted as a separate
    entity under the name Indian Institute of Bamboo Technology (IIBT).

Non-financial News – India and states:
ISRO successfully tests Cryogenic Engine for Upper Stage of GSLV Mk III
  • The Indian Space Research
    Organisation (ISRO) on 25 January 2017 successfully ground tested its
    indigenously developed Cryogenic Upper Stage for GSLV Mk III rocket.
  • The cryogenic upper stage,
    designated as C25, was tested for 50 seconds at ISRO Propulsion Complex (IPRC)
    at Mahendragiri in Tamil Nadu demonstrating all the stage operations. It was
    the first test in a series of two tests. 
    The second test is planned for flight duration of 640 seconds.
  • This first flight stage for GSLV
    Mk III D1 mission is in an advanced stage of realisation. It is scheduled to
    launch GSAT-19 during first quarter of 2017.

Indian Navy’s Theatre Level Exercise TROPEX 17

  • The Indian Navy’s annual Theatre
    Readiness Operational Exercise (TROPEX) began on 24 January 2017 off the
    Western Seaboard. The exercise will be held till the fourth week of February
    2017.
  • Ships and aircraft of both the
    Western and Eastern Naval Commands are participating the exercise.
  • The exercise is aimed at testing
    the combat readiness of the combined fleets of the Indian Navy and the assets
    of the Indian Air Force, Indian Army and the Indian Coast Guard.
  • It will also strengthen
    inter-operability and joint operations in a complex environment.
  • The aircraft carrier
    Vikramaditya, nuclear submarine Chakra, Landing Platform Dock (LPD) Jalashwa,
    the recently commissioned destroyer Chennai, the P-8I will participate in the
    exercise.

Karnataka set to celebrate Kambala festival

  • Kambala festival was in news in
    January 2017 as the Indian state of Karnataka is all set to celebrate the
    festival. Kambala is an annual buffalo race held traditionally under the
    patronage of local landlords and households in the state.
  • The buffalo race in Karnataka
    takes place annually between November and March. The places where the festival
    takes place are Baradi Beedu, Kolatta, Majalu, Bolantur, Kamalakettu, Puttur
    and Uppinagadi.
  • The two-day celebration starts
    with a display of the participating buffaloes with their respective farmers.
    During the festival, when the fields are wet, the buffaloes are made to race on
    the tracks, guided by the farmer. Each team consists of two buffaloes and a
    farmer who controls the buffaloes. Two teams are made to race down two mushy
    paddy fields to conclude on the fastest team. The winner of the race is awarded
    with a coconut and other gifts.

Appointments – India and World:
P Vishwanath Shetty sworn in as Karnataka Lokayukta

  • P Vishwanath Shetty, retired
    judge of Karnataka High Court, was on 28 January 2017 sworn in as the Lokayukta
    of Karnataka, a seat that had been vacant since December 2015. He succeeds Y
    Bhaskar Rao, who left the seat in 2015.
  • Shetty will be responsible for
    clearing all the pending cases and will work to re-establish the credibility of
    the anti-corruption ombudsman after the disgraceful exit of his predecessor Y
    Bhaskar Rao.
  • Rao resigned in December 2015
    after investigations showed that his son Y Ashwin was allegedly running
    threatening raids. Following this, Rao was 
    arrested, but recently on 28 January 2017, he was granted conditional bail
    by the special Lokayukta Court.

Amulya Kumar Patnaik appointed Delhi Police Commissioner

  • The Union Home Ministry on 30
    January 2017 announced the appointment of Amulya Kumar Patnaik as the Delhi
    Police Commissioner.
  • Patnaik succeeds Alok Kumar
    Verma, who has been made the Director of Central Bureau of Investigation (CBI).
  • Patnaik, a 1985 batch Arunachal
    Pradesh-Goa-Mizoram and Union Territory (AGMUT) cadre IPS officer, is currently
    posted as Special Commissioner of Police (Administration).

Ashok Amritraj appointed as UN in India Goodwill Ambassador for the
SDGs

  • Award-winning Hollywood film
    producer and Wimbledon tennis player Ashok Amritraj was on 27 January 2017
    appointed as UN in India Goodwill Ambassador for the SDGs.
  • In this capacity, Ashok Amritraj
    will work with the United Nations in India to amplify awareness about the
    Sustainable Development Goals (SDGs).
  • He is an internationally-renowned
    iconic filmmaker. He has made over 100 films during the span of his 30-year
    extraordinary career.
  • During his 9-year career, he
    competed in doubles at the Wimbledon and the US Open.

Dr Vijay Bhatkar appointed as Chancellor of Nalanda University

  • President of India Pranab
    Mukherjee appointed Dr Vijay Bhatkar as the Chancellor of Nalanda University
    with effect from 25 January 2017.
  • Dr. Bhatkar will hold the office
    for a term of three years from the date of his appointment as provided under
    the Section 11 (3) of the Nalanda University Act, 2010.
  • He is best known as the architect
    of India’s first supercomputer PARAM.

President appointed Banwarilal Purohit & P B Acharya as acting
Governors
  • President Pranab Mukherjee on 27
    January 2017 appointed Banwarlal Purohit and P B Acharya as acting Governors of
    Meghalaya and Arunachal Pradesh respectively.
  • At present, Banwarlal Purohit is
    the Governor of Assam, while Padmanabha Balakrishna Acharya is the Governor of
    Nagaland.
  • These appointments come in the
    backdrop of resignation of V Shanmuganathan as Governor of Meghalaya and
    Arunachal Pradesh.
  • V Shanmuganathan resigned from
    the office on 27 January 2017 following a controversy, in which he was accused
    of sexual misconduct.

Reports and Indexes:
India ranked 79 in Transparency International’s Corruption Perceptions
Index

  • Transparency International on 25
    January 2017 released the Corruption Perceptions Index (CPI) 2016. The Index
    measured the perceived levels of public sector corruption in 176 countries and
    territories across the world.
  • While Denmark was adjudged as the
    most corruption-free country among the surveyed countries, Somalia in Sub
    Saharan African Region was placed at the bottom of the CPI.
  • The CPI 2016 declared India as
    the 79th cleanest country among the 176 countries surveyed.
  • Compared to the CPI 2015, which
    was released by the Transparency International (TI) on 27 January 2016, India
    bettered its position by 3 ranks. The CPI 2015 placed India at the 76th
    position.
  • It is prepared by the
    Transparency International (TI), a global coalition against corruption. The TI
    is based in Berlin, Germany.

Awards & Honors:
Miss France Iris Mittenaere wins Miss Universe 2016

  • France’s Iris Mittenaere on 30
    January 2017 was crowned the Miss Universe 2016. The pageant was held at the
    Mall of Asia Arena, Pasay, Metro Manila, Philippines.
  • Pia Wurtzbach of the Philippines
    crowned her successor Iris Mittenaere at the end of the event.
  • Miss Haiti Raquel Pélissier was
    announced the first runner-up while Miss Columbia Andrea Tovar was named the
    second runner-up in the pageant.
  • India’s Roshmitha Harimurthy
    could not even make it to the top 15.

Sports News:
Ex-CAG Vinod Rai appointed head of 4-member BCCI panel by Supreme Court
  • The Supreme Court on Monday
    appointed a four-member panel to look after the administration of the BCCI.
    Former Comptroller and Auditor General (CAG) Vinod Rai was appointed as the
    head of the panel, while noted cricket historian Ramachandra Guha, IDFC
    official Vikram Limaye, and former Indian women’s cricket captain Diana Edulji
    were made the members of the panel.
  • The Supreme Court rejected the
    Centre’s suggestion to name the sports secretary as part of the panel, while
    referring to its 2 January judgment that barred government servants and
    ministers from holding office in the BCCI. According to a TV channel, the
    Supreme Court trimmed down the list of administrators rom nine to four.
  • BCCI joint secretary Amitabh
    Chaudhary, who had been performing the duties of the BCCI secretary since Ajay
    Shirke was removed from the post following the apex court’s order of 2 January,
    will represent the BCCI at the ICC meeting in Dubai in the first week of
    February.

PV Sindhu, Sameer Verma won Syed Modi International Badminton
Championships titles
  • 2016 Olympic silver medalist PV
    Sindhu and Sameer Verma on 29 January 2017 won the men’s singles and the
    women’s singles titles respectively at the Syed Modi International Badminton
    Championships.
  • To win the title, while Sindhu
    defeated Indonesia’s Gregoria Mariska in the summit clash in straight games
    21-13 21-14, Sammer Verma defeated B Sai Praneeth 21-19 21-16.
  • For Sindhu, it was her maiden
    women’s singles title at the tournament.
  • Overall, India won three titles
    out of the five events in the tournament, while the Men’s Doubles title and
    Women’s Doubles title were won by foreign nationals.
  • India won  the Mixed Doubles title when Pranaav Jerry
    Chopra and N Sikki Reddy emerged champions by defeating fellow Indians Ashwini
    Ponnappa and B Sumeeth Reddy 22-20 21-10 in the summit clash.

Roger Federer beats Rafael Nadal to win 18th Grand Slam title

  • Roger Federer on 29 January 2017
    won the 2017 Australian Open Men’s Singles title.
  • The 35-year-old Swiss defeated
    Rafael Nadal 6-4 3-6 6-1 3-6 6-3 to claim his 18th Grand Slam and fifth
    Melbourne title.
  • He has won 18 Grand Slam singles
    titles, which is the most in history.
  • He has won five Australian Open
    titles, seven Wimbledon titles, five US Open titles and one French Open title.
  • He has won record six ATP World
    Tour Finals and played in the finals at all nine ATP Masters 1000 tournaments.

Serena Williams wins 2017 Australian Open Women’s Singles title
  • Serena Williams on 28 January
    2017 won the 2017 Australian Open Women’s Singles title.
  • Serena defeated sister Venus
    Williams 6-4 6-4 to win her seventh Australian Open and 23rd Grand Slam singles
    title.
  • Margaret Court of Australia, with
    24, is the only player ahead of Serena in terms of Grand Slam singles titles.
  • She holds a total of 23 Grand
    Slam singles titles that marks the record for the most Major wins by a tennis
    player in the Open Era.

Wesley So wins 2017 Tata Steel Chess Tournament
  • Wesley So on 29 January 2017 won
    the 2017 Tata Steel Chess Tournament at Manila, Philippines.
  • So defeated Ian Nepomniatchi of
    Russia in the 13th and final round to grab the tournament.
  • It is the third straight
    tournament victory for So, after winning the Sinquefield Cup and London Chess
    Classic.

Union Government reconstituted committee to identify athletes under TOP
Scheme
  • The Union Minister of State
    (Independent Charge) for Youth Affairs and Sports Vijay Goel on 27 January 2017
    reconstituted Target Olympic Podium (TOP) Committee.
  • The primary objective of the
    reconstituted TOP Committee is to identify and support potential medal
    prospects for 2020 and 2024 Olympic games under the Target Olympic Podium
    Scheme.
  • For the reconstituted committee,
    Abhinav Bindra was appointed as the chairman.

Days & Observance:
Anti-Leprosy Day observed on 30 January 2017
  • Anti-Leprosy Day was observed on
    30 January 2017 across the country to spread awareness about the disease.
  • Annually, the day is celebrated
    in the memory of Mahatma Gandhi to re-memorize his selfless efforts and care
    for the people affected by leprosy.
  • Leprosy is also known as Hansen’s
    disease (HD).
  • It is a chronic infection caused
    by the bacteria Mycobacterium leprae and Mycobacterium lepromatosis.

Obituaries:
Russian ambassador to India Alexander Kadakin dies
  • Alexander Kadakin, Russian
    ambassador to India, passed away on 26 January 2017 following a brief illness.
    He was 67.
  • Kadakin was one of the longest
    serving envoys as he had spent a significant part of his life working to
    promote Russia’s ties with India.

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