Daily One Liner Current Affairs 2 January 2018

Hello and welcome to exampundit. Here are the One Liner Current Affairs of 2 January 2018.

Financial One Liners

  • The union government on Tuesday announced details of political funding that can be routed by donors to parties through electoral bonds, a scheme announced by it in Union Budget 2017. Finance minister Arun Jaitley said the electoral bonds, which are interest-free banking instruments, can be bought from specified branches of State Bank of India in multiples of Rs1,000, Rs1 lakh, Rs10 lakh or Rs1 crore.
  • To incentivise passengers to use the online ticket booking system and adopt cashless methods, Indian Railways is set to launch its own co-branded debit card and also hold monthly lottery draw to give 100% cash-back to 10 lucky passengers. The debit card will be launched in association with the country’s biggest lender State Bank of India
  • State Bank of India has joined hands with National Bank for Agriculture & Rural Development (Nabard) to grow its priority lending book as the country’s largest lender plans to raise its stake with small and medium farmers, a majority of whom do not enjoy the access of bank loans. SBI is the first one to join hands with Nabard and its partner NGOs in West Bengal to promote JLG method of lending to farmers at 7% interest in the state, which is characterised by fragmented landholdings and low credit penetration.
  • State Bank of India (SBI) collected Rs 1,771 crore during April-November 2017 as charges from customers who did not maintain their minimum monthly average balance (MAB) in their accounts, according to Finance Ministry data.
  • Rating agency Crisil on Tuesday launched an index to measure the performance of investments of foreign portfolio investors (FPI) in the fixed-income market. The Crisil FPI index would serve as benchmark for performance of FPI investments in government securities, and ‘AAA’ as well as ‘AA’ rated corporate bonds with residual maturity greater than three years.
  • Investment manager Principal Financial Group Inc said on Tuesday it would purchase Indian lender Punjab National Bank’s (PNB) minority stakes in their joint ventures.

Non-financial One Liners

  • The Rajya Sabha today made a record of sorts as it took up all the Zero Hour issues and special mentions listed in the agenda for that period, Chairman M Venkaiah Naidu said. “The Rajya Sabha today made a history. For the first time, all Zero Hour submissions, all Special Mentions were fully completed,” said Naidu amid thumping of desks by members in the House of Elders.
  • India and Pakistan on 1 January 2018 exchanged the lists of their nuclear installations under an agreement that aims to prevent both sides from attacking such facilities. This is the twenty-seventh consecutive exchange of such a list between the two countries.
  • Union Minister of Women & Child Development Maneka Sanjay Gandhi on 2 January 2018 inaugurated the online portal ‘NARI’ for women empowerment. NARI stands for ‘National Repository of Information for Women’.
  • The state of Arunachal Pradesh has become the second state in the Northeast, after Sikkim, to be declared Open Defecation Free.
  • Saudi Arabia and the United Arab Emirates (UAE) introduced the Value Added Tax (VAT) for the very first time on 1 January 2018. The move is a first for the Gulf region, which has long boasted of a tax-free system.
  • Showing zero tolerance towards terrorism, the US President issued a tough warning to Pakistan and said that United States will no longer give any fund to Pakistan. The statement comes soon after the recent talks that the Trump administration was considering cutting off aid to Pakistan.
  • The Appointments Committee of the Cabinet on Tuesday approved the appointment of former chief of the Research and Analysis Wing (RAW) Rajinder Khanna as the Deputy National Security Advisor (NSA).

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Team EP