GK Power Capsule January 2016 - Part 2
101.The Cabinet Committee on Economic Affairs approved development of the six laning of Aurangabad- Bihar/Jharkhand Border- BarwaAdda section on National Highway-2 in Bihar and Jharkhand.
102.The National Institution for Transforming India (NITI) Aayog announced that it collaborated with the IDFC Bank Ltd to conduct an enterprise survey of manufacturing firms.
103.French President Francois Hollande declared a state of economic and social emergency to redefine country’s economic and social model.
104.The World Health Organisation declared West Africa free from Ebola outbreak.
105.The US Citizenship and Immigration Services notified revised petition fees for H-1B and L-1 visas. As per the revision, the petitioners must submit an additional fee of 4000 US dollars for certain H-1B visas and 4500 US dollars for certain L-1A and L-1B visas.
106.The Somnath Temple Trust is all set to become Gujarat’s first temple to deposit its idle gold in the Gold Monetisation Scheme as its trustees including Prime Minister Narendra Modi have given their nod to invest the yellow metal reserves in the scheme. The trust has around 35 kg of gold and will deposit the gold which is not in day-to-day use of the temple.
107.The union government is working on issuing a unique identification number ‘Unorganised Workers Identification Number’ (U-WIN card) for the workforce engaged in unorganised sector to facilitate them to access social schemes and benefits.
108.Government decided to implement stricter emission norms of Bharat Stage (BS) VI from April 1, 2020 by skipping BS-V altogether. At present, BS IV norms are followed in parts of India and by April 1, 2017.
109.Prime Minister Narendra Modi declared Sikkim as the first organic state in the country.
110.The Telecom Regulatory Authority of India extended the last date for submission of comments on its paper on differential data pricing to January 7 from December 30.
111.The regulation that mobile phone users be paid a compensation of Rs. 1 for every call dropped, up to a maximum of three calls a day, will come into effect from January 1, TRAI Chairman R.S. Sharma said. 112.Urging lawmakers to legalise betting in cricket for all except cricket players, officials and administrators, the Supreme Court-appointed Justice R.M. Lodha Committee report said that government servants and ministers should be banned from holding posts in the BCCI.
113.A friendship bus service between India and Nepal via Champawat in Uttarakhand resumed after a gap of 27 years.
114.Dharavi in Mumbai is to get the world’s first slum museum, organisers said.
115.Twenty cities will be selected on January 26, 2016 and become the first lot of cities on their way towards being “Smart”. The remaining 77 applicantcities will go back to the drawing board to enhance their potential and plan better to qualify in the next phase of selection.
116.The Government of Haryana in association with the Confederation of Indian Industry (CII) is all set to unfold ‘The Happening Haryana Global Investors’ Summit 2016’ slated to be held at Gurgaon on March 7 and 8, 2016.
117.India’s grid-connected solar power generation capacity has crossed the 5,000 MW mark, with Rajasthan on top with 1,264.35 MW capacity followed by Gujarat.
118.Government is targetting to reach the 50-crore internet subscribers mark in the next 6-7 months, besides installing 2,500 wi-fi hotspots at 256 places by the next fiscal, Telecom Minister Ravi Shankar Prasad said.
119.To reduce the number of vexatious and malicious complaints the government has decided to encourage the complainants to mention their Aadhaar card numbers while filing grievances on governance-related matters through an online platform.
120.Passengers travelling in trains will now have the option of enjoying food prepared by some women’s self help groups as Indian Railway Catering and Tourism Corporation (IRCTC) is planning to tie up with them to enhance its e-catering portfolio.
121.A committee headed by former finance secretary Vijay Kelkar that reviewed the public-private partnership (PPP) model for infrastructure projects has recommended several measures for easy financing of these.
122.Uttar Pradesh is implementing the food security law from 1st January 2016.
123.The Centre tabled the Insolvency and Bankruptcy Bill, 2015 in the Lok Sabha.
124.The Rajya Sabha cleared the Juvenile Justice (Amendment) Bill, 2015, lowering the age of a legally defined juvenile from 18 to 16 in the case of heinous crimes.
125.Beginning 2017, thermal power plants across India will have to cut particulate matter emissions by as much as 40 per cent and reduce their water consumption by nearly a third, according to rules notified by the Union Ministry of Environment and Forests and Climate Change. www.bankersadda.com | 126.Chief Minister Devendra Fadnavis announced that from January 1, all police stations in Maharashtra will start registering First Information Reports (FIRs) online and the complainant will get a copy of the complaint on WhatsApp, along with a SMS confirming the filing.
127.A plot of land for India to build its first naval base in the Indian Ocean region has been allocated by the Seychelles government in the Assumption Island.
128.The Telecom Regulatory Authority of India sent a reminder to Reliance Communications (RCom) to submit details about its proposed Facebook Free Basics service, as the operator had failed to meet an earlier commitment to share details with the regulator by December 9.
129.India needs a new Parliament building as the current one is in great “distress,” according to Lok Sabha Speaker Sumitra Mahajan in a proposal to the Ministry of Urban Development (MoUD).
130.The Centre announced Rs. 5083 crore as financial assistance to the drought hit States of Maharashtra and Madhya Pradesh.
131.The Supreme Court decided to hear in open court the separate petitions filed by the CBI and the family members of the 1997 Uphaar fire tragedy victims to review its judgment allowing real estate magnates Gopal and Sushil Ansal to get off by paying a fine of Rs. 60 crore for negligence leading to the death of 59 people in the incident.
132.Wipro’s billionaire Chairman Azim Hashim Premji (70) has been ranked the ‘most generous Indian’ for the third consecutive year by Hurun India Philanthropy List 2015, which was released.
133.The Supreme Court asked the Centre and public sector banking authorities to consider providing reservation to Scheduled Castes and Scheduled Tribes employees in promotion to officers’ ranks at all levels.
134.Lalu Prasad is set to be re-elected president of the Rashtriya Janata Dal for the ninth consecutive time, with no other leaders filing nominations for the post.
135.The government has issued challans to 14 construction sites of the Delhi Metro Rail Corporation (DMRC) and 42 major construction projects of various authorities, including private builders, for violating dust control measures.
136.After a gap of years, dogs of the Indian Army trained for bomb disposal and counter-insurgency, will march on the Rajpath as part of the Republic Day parade on January 26.
137.Investigating agencies are in the process of producing messages posted by individuals on Facebook, Twitter and other social media platforms as evidence in court against those arrested for supporting or joining the Islamic State (IS) or any other terrorist outfit.
138.Delhi High Court held that private unaided schools functioning from the land allotted to them by the Delhi Development Authority (DDA) cannot increase their fees without prior sanction of the government.
139.The Department of Posts (DoP) plans to open 1,000 ATMs and bring all 25,000 departmental post offices under core banking system by March this year.
140.The Reserve Bank has fixed the public issue price at Rs 2,600 per gram for the sovereign gold bonds. Applications for the bonds will be accepted for five days beginning January 18 to 22. Aimed at providing an alternative to buying physical gold, the gold bond scheme will offer investors an interest rate of 2.75 per cent and a choice to buy bonds worth 2 grams of gold, up to a maximum of 500 grams. 141.Country’s retail payment platform NPCI and CSC eGov have jointly launched Aadhaar enabled payment system that will facilitate government entitlements such as NREGA as well as old age pension. 142.Cabinet approved Rs 8,000- crore funds that will stand guarantee for loans to new ventures and also announced ‘Stand up India’ scheme for credit facilities to SC, ST and women entrepreneurs at lower rates. While the Rs 3,000 crore MUDRA Credit Guarantee Fund (CGF) will act as hedge against default of Rs 50,000 to Rs 10 lakh loan extended to small entrepreneurs, the Rs 5,000 crore Stand Up India CGF will stand guarantee for Rs 10 lakh to Rs 1 crore loans to be provided to least 2.5 lakh SC/ST and women. 143. State Bank of India will raise up to Rs.12,000 crore by issuing bonds that are Basel-III complaint. 144.Entities that received in-principle approval for setting up payments banks and small finance banks can join any payment system only after getting the final licence, the Reserve Bank of India (RBI) said. 145.Government has said that the Reserve Bank of India would continue to regulate MFIs registered as nonbanking finance companies with the central bank. MFIs will not be regulated by the Micro Units Development and Refinance Agency (MUDRA) Bank, as proposed by the finance ministry earlier. 146.India Post, which was among the eleven applicants to have received approval from RBI for payment banks in August, will start its service by March 2017.
147.ICICI Bank will partner FINO PayTech to foray into the payments bank space. RBI regulations also mandate 51 per cent of the equity of the payments bank should be with domestic entities, In FINO PayTech, about 70 per cent stake is with foreign entities.
148. State Bank of India unveiled a dedicated advisory services branch for startups and wealth management service for high net worth individuals.
149.The Reserve Bank of India released the Report of the Committee headed by RBI Executive Director Deepak Mohanty on Medium-term Path on Financial Inclusion.
150.The Reserve Bank of India extended the deadline for exchanging pre-2005 currency notes of various denominations by another six months to 30 June 2016.
151.Andhra Bank on 6 January 2016 launched Immediate Payment Service (IMPS) across all its branches in association with the National Payments Corporation of India.
152.RBI imposed monetary penalty of one crore rupees on State Bank of Travancore for violation of its instructions.
153.India’s current account deficit may narrow to 0.5 per cent of GDP in 2016 from 0.7 per cent in 2015 owing to lower commodity prices, particularly oil.
154.Exports contracted for 13th month in a row in December 2015 as outward shipments shrank 14.75 per cent to $22.2 billion amid a global demand slowdown.
155.Wholesale price inflation hit -0.73% in December — retreating from -1.99% recorded in the previous month but still remaining in the negative zone for 14 months in a row — mainly on a spurt in food prices and an unfavourable base, showed the official data released.
156.After scaling a five-year-high growth of 9.9% in October, industrial output contracted 3.2% in November, its first drop since October 2014.
157.The government said it has mopped up Rs 2,428 crore from 644 taxpayers who have opted for the one-time black money compliance window under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
158.Nearly 1,200 companies listed on the BSE together spent one billion dollars or Rs.6,400 crore towards corporate social responsibility activities in 2014-15, with majority of funds utilised for education, skills, health and sanitation sector.
159.India will be the world’s fastest growing large economy at 7.3 per cent in 2016.
160.Central Board of Direct Taxes decided that quoting of PAN will be required for transactions of an amount exceeding Rs. 2 lakh regardless of the mode of payment from January 1, 2016.
161. Securities and Exchange Board of India has put in place a new form for ASBA (Application Supported by Blocked Amount) facility. ASBA facility has become mandatory for all categories of investors applying for a public issue for making payment.
162.The country’s foreign exchange reserves, which were $350.4 billion as on September 2015, were able to support imports for 9.8 months, up from 8.9 months as on end March, the Reserve Bank of India (RBI) said in its Half Yearly Report on Management of Foreign Exchange Reserves.
163.The NDA Government will present Budget 2016-17 in Parliament on February 29.
164.India and Russia decided to expand cooperation in various sectors as they signed 16 pacts, including on joint manufacture of 226 military helicopters and construction of 12 atomic plants with involvement of local companies in India.
165.China-backed Asian Infrastructure Investment Bank (AIIB) in which India and 56 countries have joined as founding members was formally opened by President Xi Jinping. The bank was formally established in Beijing on December 25, 2015.
166.The IMF kept unchanged its growth forecasts for India at 7.5% for the next two years.
167.Foreign tourist arrivals last year grew by 4.4 per cent at 80.16 lakh against 76.79 lakh in 2014. 168.China officially ended its controversial one child policy. Chinese lawmakers passed a historic decision allowing all couples to have two children from January 1.
169.North Korea declared that it had detonated its first hydrogen bomb.
170.The Union Cabinet approved the signing of a Memorandum of Understanding with Singapore for operating and maintaining the terminal building of airports at Jaipur and Ahmedabad.
171.The World Health Organisation declared an end to the deadliest Ebola outbreak ever after no new cases emerged in Liberia.
172.The World Bank and the Indian Railways will work together to create a Railway Development Fund that will partly finance the $142 billion investment plans for the core infrastructure sector announced by the government headed by Prime Minister Narendra Modi.
173.The U.S. removed a wide range of sanctions against Iran after the International Atomic Energy Agency (IAEA) confirmed that Tehran had met its commitments to roll back its nuclear programme, under an agreement with China, France, Russia, the U.K., the U.S. and Germany on July 14 last year.
174.Afghanistan will hold its delayed parliamentary elections on October 15.
175.China’s economy grew by 6.9 per cent last year, in line with the official projection of “around 7 per cent.”
176. Sri Lanka began the process to formulate new constitution.
177.The 14th Pravasi Bharatiya Diwas (PBD) was held on 9 January 2016 in New Delhi.
178.Nepal was elected to the UNICEF executive board, representing the group of Asia-Pacific countries for the term 2016-2018.
179.The Union Cabinet gave ex-post facto approval for signing of Memorandum of Understanding (MoU) among BRICS countries on BRICS Network University.
180. Saudi Arabia’s Foreign Minister Adel al-Jubeir announced that his country has broken off diplomatic ties with Iran. The announcement was made amid a row over the Saudi execution of a prominent Shia Muslim cleric.
181.The Union Cabinet approved Memorandum of Understanding (MoU) between India and Jordan for promoting cooperation in the field of information technology and electronics.
182.Russia's Rostech State Corporation tied up with Hindustan Aeronautics Limited (HAL) to manufacture at least 200 Kamov 226T light helicopters.
183. WHO declared the end of Ebola virus transmission in the Republic of Guinea.
185.The 18th Session of the India-Iran Joint Commission Meeting was held in New Delhi.
186.Prime Minister Narendra Modi inaugurated Afghanistan’s newly-built Parliament House in Kabul. 187.Zimbabwe's Finance Minister Patrick Chinamasa announced that the country has planned to adopt the Chinese Yuan as legal tender.
188.The Philippines became the first Asian country to approve the sale of the world's first-ever dengue vaccine, Dengvaxia.
189.Actors Amitabh Bachchan and Priyanka Chopra will replace Aamir Khan as new ambassadors of the Incredible India campaign to market the country to tourists abroad.
190.The RBI today said it has received complaints about notes of Rs 1,000 denomination without the security thread being in circulation and has asked banks not to issue them in case these are found.
191.The Prime Minister Narendra Modi on 20 January 2016 released a book titled The Z Factor: My Journey as the Wrong Man at the Right Time in New Delhi. The book is the autobiography of the promoter of Essel/ Zee Group Subhash Chandra.
192.While the on-screen award categories at the Oscars this year might be an all-white affair, much to our disappointment, but India is shining bright at the Scientific and Technical Awards being given by The Academy of Motion Picture Arts and Sciences. Rahul Thakkar of Indian origin has joined the elite list of Academy Award winners after Bhanu Athaiya, Satyajit Ray, Resul Pookutty, A.R. Rahman, and Gulzar, for his contribution to cinema through ‘groundbreaking design’
193.The Union Cabinet on 20 January 2016 gave its expost facto approval for the Memorandum of Understanding (MoU) between India and United Kingdom on cooperation in governance reforms. The MoU, which was signed in November 2015, seeks to extend bilateral cooperation in public administration and governance reforms.
194.The Cabinet Committee on Economic Affairs (CCEA) on 20 January 2016 gave its approval for setting up over 5000 MW of Grid-Connected Solar PV Power Projects on build, own and operate basis.
195.The Indian Space Research Organization (ISRO) and Kuwait Institute of Scientific Research (KISR) on 20 January 2016 signed a Memorandum of Understanding (MoU) on cooperation in the exploration and use of outer space for peaceful purposes.
196.The Securities and Exchange Board of India (SEBI) on 20 January 2016 released the first report of the Alternative Investment Policy Advisory Committee (AIPAC) for comments from the stakeholders. The 21-member committee was constituted by the SEBI in March 2015, under the chairmanship of N R Narayan Murthy, to suggest measures for development of the alternative investment funds (AIFs) and startup eco-system in the country.
197.The annual World Economic Forum (WEF) meeting has started in Swiss resort of Davos, Switzerland with participation of political leaders and business from around the world. In this edition of WEF meeting, the agenda includes the outlook of the global economy and measures to fight terrorism.
198.Eminent danseuse Mrinalini Sarabhai, wife of the late Dr Vikram Sarabhai, father of India’s space programme, passed away here on Thursday following age-related health complications. She was 97.
199. Three Mi-25 gunship helicopters supplied by India are to officially join the Afghan Air Force today. The gunships, delivered at the end of December last year, have been in the assembly process.