Daily Current Affairs Updates – 10 December 2016:
Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.
DAYS TO REMEMBER:
Human Rights Day: 10th December
i). Human Rights Day is being celebrated today and the day is celebrated every year to commemorate the Universal Declaration of Human Rights.
ii). The declaration was adopted and proclaimed by the General Assembly of the United Nations in 1948 as the shared standard benchmark to protect human rights across the world.
iii). The slogan of this year is stand up for someone’s rights today, which emphasises on peace and harmony with respect for each other’s rights.
21st International Film Festival of Kerala begins
i). The 21st International Film Festival of Kerala began in Thiruvananthapuram on 09 December 2016. It opened with Navid Mahmoudi’s directorial debut ‘Raftan,’ which narrates the story of a couple attempting to migrate from Iran to Europe.
ii). The eight-day festival, hosted by the Kerala State Chalachitra Academy on behalf of the Kerala Cultural Affairs Department, is set to showcase 184 films from 62 countries.
SC Modifies National Anthem Order
i) The Supreme Court has modified its order on the National Anthem& exempted physically handicapped persons from standing.
ii) It also clarified that doors of theatres need not be bolted when the National Anthem is played.
iii) The order was passed by Justices Dipak Misra& Amitava Roy. The Centre will issue guidelines on how physically challenged persons should show respect to the National Anthem.
Committee on Digital Payments headed by Shri. Ratan P Watal, Principal Advisor, NITI Aayog submits its Final Report
i). The Committee on Digital Payments constituted by the Ministry of Finance, Department of Economic Affairs under the Chairmanship of Shri. Ratan P. Watal, Principal Advisor, NITI Aayog and former Finance Secretary to the Government of India today submitted its Final Report.
ii). This Committee was seized of the developments following the decision of the Government to cancel legal tender character of currency of high denominations. The Committee has calibrated its recommendations accordingly and has provided a suitable framework for smooth and speedy transition towards a Digital Payments Economy.
Kerala launches mobile apps to fight corruption
i) Seeking to fight corruption with the active participation of people, Kerala government has launched two mobile applications which can be used to upload information regarding graft.
ii) Chief Minister Pinarayi Vijayan launched the applications – ‘ArisingKerala’ and ‘Whistle Now – at a function here on the occasion of International Anti-Corruption Day. Using the apps, people can upload videos and audios related to corruption around them.
Govt launches Digidhan campaign to promote digital transactions
i) Union IT Minister Ravishankar Prasad yesterday launched Digidhan Abhiyan, to enable every citizen, small traders and merchants to adopt digital payments in their everyday financial transactions.
ii) Mr Prasad said during the Abhiyan, citizens will be informed about various modes of digital payments by educating them to download, install and transact digital payments.
iii) The Minister said, digital mode of payment have witnessed an unprecedented upsurge from four hundred to one thousand per cent.
iv) Prasad said the user of e-wallet have gone up to 63 lakh from 17 lakh transaction per day after demonetization. He said, transactions through Rupay cards has also gone up from 3.85 lakh to 16 lakh per day.
i) India was ranked 7th in the list of countries most impacted by terrorism in 2015, according to the Global Terrorism Index (GTI), 2016, released by the Institute for Economics& Peace, a Sydney-based think-tank.
ii) India is one of six Asian countries ranked in the top 10 nations most impacted by terrorism. The Heart of Asia conference adopted the Amritsar declaration on December 4, 2016, which recognises “terrorism, violent extremism, radicalization, separatism, and sectarianism and linkages among them” as the gravest challenges facing the region.
iii) The declaration voiced particular concern about the “high level of violence” by ISIS and its affiliates, the Haqqani Network, al Qaeda, Lashkar-e-Taiba, Jaish-e-Mohammad and Tehreek-e-Taliban Pakistan – all based in South Asia.
i). China has launched a new cargo service connecting Tibet and Nepal as dozens of trucks carrying goods worth 2.8 million dollar left the Tibetan border port of Gyirong en route to Kathmandu.
ii). New rail and road cargo service which launched yesterday, connecting Guangdong, Tibet and Nepal, is with the objective to enhance trade with the South Asian neighbour in line with China’s Belt and Road (Silk Road) initiative.
iii) A train carrying products, including shoes, clothes, hats, furniture, appliances, electronics and building materials, travelled the 5,200-kilometer distance between Guangzhou, capital of Guangdong Province, and Xigaze in Tibet.
iv) The trucks are responsible for the remaining 870 kilometer of the journey, carrying goods to Gyirong and then to the final stop in Kathmandu, Nepal’s capital.
i) Income tax officials raided an Axis Bank branch in Chandni Chowk beginning Thursday evening and said on Friday the operation unearthed more than 40 fake accounts in which large sums were deposited in old notes after November 8.
ii) About Rs 100 crore was found in dubious accounts at the branch, reports said, but tax officials said the investigation was on and final figures would emerge later.
i) The RBI has said that currency notes worth over Rs 4.27 lakh crore have been issued to public through banks and ATMs following the demonetisation of old high value bills.
ii) The Bank also said that it “will shortly” issue Rs 500 denomination banknotes in the Mahatma Gandhi (New) Series, without any inset letter, bearing signature of Governor Urjit R Patel.
iii) The central bank in a statement said that the RBI has also made arrangements for supply of adequate quantity of banknotes in various denominations to the public through banks.
RBI asks banks to upload KYC with central registry from Jan 1
i) Reserve Bank has directed all Scheduled Commercial Banks (SCBs) to upload the Know Your Customer or KYC data pertaining to new individual accounts opened on or after January 1, with Central KYC Records Registry. Besides, it has been decided to allow One Time Pin (OTP) based e-KYC subject to certain restrictions.
ii) The RBI in a notification said all banks are, however, allowed time upto February 1 for uploading date in respect of accounts opened during January 2017. Regulated entities other than banks are to upload the KYC data pertaining to all new individual accounts opened on or after from April 1, with Central KYC Registry.
BUSINESS AND ECONOMY NEWS:
i) Industrial production fell 1.9% in October despite it being a festival month, indicating that months of November and December may see sharper fall due to cash crunch in the economy. Two of three broad segments– manufacturing and mining– declined by 2.4% and 1.1% respectively, while electricity generation rose just 1.1%.
ii) The contraction in the Index of Industrial Production (IIP) against the rise of 0.7% in September was due largely to decrease in consumer goods production and continued decline in capital goods for a year, that tells a sorry tale of investment scenario in the economy.
iii) Capital goods production was down by a whopping 25.9%, while consumer durable goods were up just 0.2% in October against nine-month high of 13.9% in September.
i) Government today informed Parliament that a decision has been taken to print plastic currency notes and procurement of material has started.
ii) The Reserve Bank for long has been planning to launch plastic currency note after field trials. In February 2014, the government had informed Parliament that one billion plastic notes of Rs 10 denomination would be introduced in a field trial in five cities selected for their geographical and climatic diversity. The selected cities were Kochi, Mysore, Jaipur, Shimla and Bhubaneswar.
iii) Plastic notes have an average life span of about five years and are difficult to imitate. Also, currency notes made of plastic are cleaner than paper ones. Such notes were first introduced in Australia to safeguard against counterfeiting.
MOU’S OR AGREEMENTS SIGNED:
i) India and Vietnam have signed a civil nuclear cooperation agreement in New Delhi yesterday in presence of Lok Sabha Speaker Sumitra Mahajan and visiting President of Vietnam’s National Assembly Nguyen Thi Kim Ngan after their talks on enhancing the ties.
ii) The MoU on civil nuclear cooperation was signed by Sekhar Basu, Secretary of Department of Atomic Energy and Pham Cong Tac, Deputy Minister of Science and Technology of Vietnam. The civil nuclear agreement with Vietnam, comes close on the heels of India signing a similar pact with Japan.
iii) Vietnam is the 14th country with which India signed the civil nuclear deal. The two countries also signed three other agreements to enhance aviation links, to jointly work in the area of energy efficiency and promotion of parliamentary cooperation.
i) Vistaar Financial Services, an MSME-focused financing firm has appointed former Sebi chief C B Bhave as non-executive Chairman and Independent Director.
ii) Prior to SEBI, he has worked as the Chairman and Managing Director of National Securities Depositories Ltd (NSDL).
i) Opposition leader Nana Akufo-Addo won Ghana’s national election, becoming president elect at the third attempt and cementing the country’s reputation as a standard bearer of democracy in a region that has been blighted by civil wars and coups.
ii) Akufo-Addo defeated President John Mahama by 53.8 percent to 44.4 percent, electoral commissioner Charlotte Osei said late on Friday, sparking scenes of celebration in the capital Accra.
iii) Supporters of his New Patriotic Party (NPP) cheered, danced and set off fireworks following an anxious day in which his victory had been broadly accepted but there were no official results.
AWARDS AND HONORS:
i) Director Onir’s documentary is elated after his documentary, Raising the Bar has won the Award Of Recognition at Australian film festival.
ii) The documentary is based on children who have Down syndrome. The filmmakerwon at the Hollywood Independent Documentary Awards.
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