Current Affairs Current Affairs - 1 January 2017 - Vikalp Education

Online Vikalp, Current Affairs, Current Awareness, General Awareness, Aptitude Classes, Daily News, General Knowledge, General Awareness For All Competitive Exam, current affairs quiz,current affairs in india, current affairs about sports, current affairs and gk, current affairs about india, current affairs daily quiz, current affairs dairy, current affairs education, Top News, Breaking News, Latest News

Current Affairs - 1 January 2017

General Affairs 

In Speech, PM Narendra Modi Defends Notes Ban, But Critics Say Hard Facts Missing
  • Prime Minister Narendra Modi, in his second televised address since November 8, today defended his decision to demonetise the country's highest-value currency bills.

    PM Modi described the gigantic demonetisation drive, which withdrew 86 per cent of the currency from the system, as "a historic purification ritual" to cleanse the system of tax evasion and corruption. "This will play an important role in changing the direction of the nation in times to come," he said.

    The PM also used his 45-minute-long speech to announce financial assistance to groups that will be key in the upcoming and crucial election in Uttar Pradesh.

    The speech came weeks before the government is expected to announce its annual budget, probably in February, and ahead of the model code of conduct, which will kick in as soon as the dates for the Uttar Pradesh election are announced, and prohibits any announcements that could influence voters.

    PM Modi offered a 4 per cent discount on interest rates for home loans for up to 9 lakh rupees taken out in 2017 in urban areas and said rural housing will be expanded by 33 per cent. He also said the government would increase credit guarantees for small businesses and provided additional incentives for digital transactions.

    Reducing the interest on certain loans for agriculture will be welcomed by farmers, a key constituent of the Uttar Pradesh election.

    The withdrawal of 500- and 1,000-rupee bills on November 8 caused widespread disruption owing to India's near-complete dependence on cash transactions, and this evening's televised speech was seen as an opportunity to offer financial relief to people suffering most.

    But critics said the PM had failed to disclose crucial information like how much of the abolished currency (which totaled about 15.5 lakh crores) has been returned, or the amount of new notes that have been made available. "Disappointed with PM's speech, many questions were left unanswered. His decision paralysed economy; country can't run this way," tweeted Randeep Surjewala of the Congress. Opposition leaders said that PM Modi, who had asked for: just 50 days" to resolve the cash crisis, has failed to meet his deadline, which expires now. "Financial Emergency continues in the name of black money cleanup. Money not available in banks. Still no concrete solutions to problems," tweeted West Bengal Chief Minister Mamata Banerjee who has played a pivotal role in the opposition's attack on the PM within and outside parliament.

    Though the long lines at banks have thinned out in recent days, the new notes remain in short supply and experts say only about 40 per cent of ATMs are working.

    Analysts have forecast that economic growth will be hit this quarter as a result. But the government is confident that  long term gains will outweigh the short term pain and has repeatedly stressed that the PM's radical decision was aimed at banishing the shadow economy, boosting taxes, beating corruption and moving towards a cashless society.

    "In this fight against corruption and black money, it is clear that you would like to walk shoulder to shoulder with us (the government)," PM Modi said, speaking first in Hindi and then in English. "For us in government, this is a blessing."

    The Prime Minister, who swept to power in 2014 on the back of promises to root out graft, said the authorities would continue to stamp it out. "Serious offences by bank and government officials have come to light. No one will be spared," he said.

    General Dalbir Singh Suhag Retires From Service, Thanks Government For Support
    • Army chief General Dalbir Singh Suhag on Saturday retired after 43 years in service. General Suhag thanked the government for giving the army a "free hand" to conduct operations.

      General Dalbir Singh will shortly hand over charge to his successor General Bipin Rawat.

      "After 43 years of service to the nation I superannuate today. I salute the martyrs who made supreme sacrifices," Dalbir Singh said after inspecting a guard of honour at the South Block lawns in New Delhi. 

      "Gratitude to the Prime Minister (Narendra Modi) for the support and free hand in conducting operations. For impetus on modernisation," General Dalbir Singh said.

      He also thanked the government for "granting one rank one pension (OROP) to the ex-servicemen".

      Praising the strength of the Indian Army, he said: "Indian Army is the finest and strongest army in the world. Our leaders are competent and soldiers are brave."

    69 Trains Delayed, 4 Cancelled Due To Fog In North India
    • At least 69 trains were running late while four were cancelled on Saturday due to heavy fog in many parts of north India, a railway official said.

      According to the Northern Railway official, the the Brahmputra Mail and Vikramshila Express were running 26 hours late while Nandan Kanan Express was running 16 hours behind schedule.

      The official added that the Udyan Abha Toofan Express, Sampoorna Kranti Express from New Delhi to Rajendra Nagar, Taj Express and Kalka Mail were cancelled.

      The official also said that 16 trains were rescheduled.

      Meanwhile, according to the Delhi International Airport Limited, which manages operations at the Indira Gandhi International Airport here, flight operations were not affected on Friday.

    New Zealand's Auckland First World City To Bring In 2017
    • New Zealand's Auckland has become the first major world city to welcome 2017, with fireworks erupted from the 328 metre tall Sky Tower in the city centre. Polynesia and Pacific islands including Samoa, Tonga and Kiribati entered 2017 at 11.00 am (Auckland time), BBC reported.

      Many cities around the world have stepped up security for New Year's Eve celebrations, after a year in which attackers drove lorries into crowds in Berlin and Nice.

      In Paris, Madrid and New York, concrete barriers and heavy goods vehicles will be used to block off central squares where crowds gather to celebrate, the BBC said.

      Last year, celebrations in Europe were also overshadowed by security arrangements.

      In Paris and Brussels, cities that saw major terrorist attacks in 2015, official celebrations were cancelled.

      A "leap second" will be added to the countdown in countries in the GMT timezone to compensate for a slowdown in the Earth's rotation.

      The extra second will occur as clocks strike midnight and a time of 23:59:60 GMT will be recorded, delaying 2017 momentarily.

      This is required because standard time lags behind atomic clocks.

    BJP Forms Government In Arunachal Pradesh As Chief Minister Pema Khandu, 32 Others Join Party
    • In a fast paced development, a BJP government was today installed in Arunachal Pradesh after 33, out of 43 Peoples' Party of Arunachal (PPA) MLAs led by Chief Minister Pema Khandu, joined the saffron brigade in this politically fragile state.

      Mr Khandu paraded the MLAs before Assembly Speaker Tenzing Norbu Thongdok who accepted their joining.

      The high-voltage political drama began since late Thursday night after PPA President Kahfa Bengia temporarily suspended Mr Khandu, his deputy Chowna Mein and five legislators from the primary membership of the party for alleged anti-party activities.

      The PPA, an alliance partner of the North East Democratic Alliance (NEDA) government in the state, yesterday selected Takam Pario as the new chief minister of the state.

      However, the political equation changed when majority of the PPA MLAs who initially extended support to Mr Pario, later shifted their allegiance to Mr Khandu.

      The PPA today also suspended four other party MLAs including Honchun Ngandam, Bamang Felix, Punji Mara and Pani Taram.

      "Lotus has finally bloomed in Arunachal. The people of the state will see a new dawn of development in the new year under the new government," Mr Khandu told reporters in the Assembly premises.

      Elaborating on the decision to merge with the BJP, the chief minister said that circumstances compelled the MLAs to take the decision in the interest of the people and the state.

      "After several years of Congress misrule we observed that there was no visible development in the state. We joined the PPA with the intention to take the state to progress and prosperity, but there too, we find similar condition where the party president treated the MLAs undemocratically.

      "So with focus on development, our MLAs decided to join the BJP for overall progress of the state," the chief minister said.

      Terming the decision of the PPA president to suspend the MLAs as "undemocratic," Mr Khandu said that before such a move the party leadership should have issued show cause notice to the MLAs.

      "There was no significant development in the state since last year due to political turmoil, but now with NDA government at the Centre, the state will witness a sea change in the coming years," Mr Khandu said adding, "the decision to join the BJP is a blessing in disguise for the people and the state."

      "Until and unless there is stability in the government, no development could take place. There will be no more dissident politics and we shall now only focus on development," Mr Khandu asserted.

      When asked about the court case filed by Arunachal Pradesh Congress Committee (APCC) President Padi Richo against the joining of Congress MLAs with PPA which is pending with the Gauhati High court and which would be taken up on January 7 next, Khandu said that the joining was done in accordance to the Constitution.

    Business Affairs 

    Patanjali Biggest Disruptive Force In FMCG Space: Report
    • Patanjali Ayurved, the FMCG venture promoted by yoga guru Ramdev, was the biggest disruptive force in India's fast moving consumer goods (FMCG) market, according to a report.

      "Patanjali Ayurved has turned out to be the most disruptive force in the Indian FMCG witnessed a whopping annual growth of 146 per cent in fiscal year 2016 grossing a turnover of $769 million, whereas its peers including ITC, Dabur, Hindustan Unilever, Colgate-Palmolive and Procter & Gamble struggled to get a growth much less than double digit," said a Assocham-TechSci research report.

      It further said: "Initially, the company focused only on the development of Ayurvedic medicines, but gradually started manufacturing food items and cosmetics...With around 500 products, many of them in FMCG category, the company has significantly increased its market share. Many of its product launches have impacted share of other FMCG companies in that product category." 

      According to the report, some of Patanjali Ayurved's brands which have eaten into the market share of established firms include Dant Kanti, Atta noodles and Kesh Kanti.

      Acharya Bal Krishna, a close disciple of yoga guru Ramdev, owns close to 94 per cent Patanjali Ayurved. Rest of the small holdings are dispersed among a small group of individuals.

      The paper said India is also emerging as a strong regional export hub for the domestic and multinational FMCG players leveraging the country's cost competitivenes.

      In 2015, the total Indian FMCG market was $43 billion of which 60 per cent is concentrated in urban areas while the rest is in the rural areas.

    PM Modi's 10 Key Economic Announcements In New Year Address
    • Prime Minister Narendra Modi in his New Year's eve address announced some key measures to ease the hardship of small industries and farmers who have been hit hard by demonetisation. The Prime Minister also announced new housing schemes for the urban and rural poor.

      Finance Minister Arun Jaitley said the PM's announcements will enhance economic activities.

      Here are the 10 important announcements by PM Modi: 

      1) Micro and small enterprises will now get loans up to Rs 2 crore under the government's credit guarantee scheme. The earlier limit was Rs 1 crore. Under the credit guarantee scheme, banks extend collateral-free credit to the micro and small enterprise (MSME) sector. The guarantee is provided by the government.

      2) Interest will be waived for farm loans taken from district cooperate banks and central government-owned banks for the first 60 days.

      3) The government will provide Rs 20,000 crore to NABARD fund to give loans to farmers.

      4) Banks have been asked to raise cash credit limit to small business to 25 per cent from 20 per cent.

      5) Banks have also been asked to increase working capital loans from 20 per cent of turnover to 30 per cent for enterprises that transact digitally.

      6) The government would build 33 per cent more houses in villages under the 'Pradhan Mantri Grameen Awas Yojana'.

      7) In 2017, villagers who want to renovate/extend their homes will get a 3 per cent subsidy/rebate on interest rates for loans up to Rs 2 lakh.

      8) The urban poor will get 4 per cent rebate on home loans of up to Rs 9 lakh. Loans up to Rs 12 lakh will get an interest rate rebate of 3 per cent.

      9) 3 crore farmers who have Kisan Credit Cards, will be given RuPay debit cards within three months. RuPay debit cards will do away with the need for farmers to go to the banks to withdraw money. 

      10) Senior citizens will now get an assured 8 per cent interest on their deposits up to Rs. 7.5 lakh for 10 years. The interest will be given on a monthly basis.

    At $15.2 Billion, 2016 Second-Biggest Year For Private Equity Investments
    • Private equity investments in 2016 hit $15.2 billion, making it the second-most successful one after 2015 that saw deals worth $17.3 billion materialising, says a report.

      According to Venture Intelligence, PE investors bet $15.2 billion across 620 deals in 2016 while in 2015, it was $17.3 billion across 775 transactions.

      Moreover, 2016 was the biggest in terms of buyouts.

      "PE investors have bet as much as $4.3 billion to acquire controlling stakes in 27 companies, the highest-ever tally for buyout deals in the country (surpassing the $3.2 billion across 24 companies in 2015)," the report said.

      In the largest PE deal of the year (and the largest single PE investment in India till date), the publicly-listed Reliance Communications sold a 51 per cent stake in its tower assets unit Reliance Infratel to Canada's Brookfield Infrastructure Group for $1.65 billion (Rs. 11,000 crore).

      Among other major deals, Blackstone bought out Hewlett Packard from its majority holding in listed IT Services and BPO firm Mphasis through an $1.1 billion deal while AION Capital partnered with former GE Capital executives Pramod Bhasin and Anil Chawla to take over the commercial lending business of GE Capital in India for $300 million.

      Infrastructure investments - notably led by Canada-headquartered investors - dominated the list of big-ticket investments during 2016.

      Canada's Brookfield committed $1.65 billion to buy a majority stake in telecom tower firm Reliance Infratel and pension fund CDPQ along with others invested $850 million in Tata Power's SPV Resurgent Power while Fairfax Holdings invested over $300 million each in Bangalore International Airport and Sanmar Chemicals.

      IT and ITeS companies, which attracted $4.7 billion across 359 transactions in 2016, saw their share of the PE investment pie decline sharply to 31 per cent, from 45 per cent in 2015.

      BFSI (Banking, Financial Services and Insurance) companies attracted over $2.7 billion across 53 transactions in 2016, the report said.

      RBI Relaxes ATM Daily Withdrawal Limit To Rs 4,500 From Rs 2,500
      • Following expiry of the deadline to deposit demonetised currency in banks, the RBI on Friday relaxed the daily ATM withdrawal limit to Rs 4,500 from the earlier cap of Rs 2,500, with this facility, to be effective from January 1, coming as a new year gift to citizens.

        "On a review of the position, the daily limit of withdrawal from ATMs has been increased with effect from January 1, 2017, from the existing Rs 2,500 to Rs 4,500 per day per card," the Reserve Bank of India said in a notification issued late on Friday.

        The RBI further said "there is no change in weekly withdrawal limits", which remains at Rs 24,000. 

        The central bank also asked banks to ensure that disbursals on ATMs should predominantly be in the denomination of Rs 500.

        As per data released by the RBI on December 21, it has supplied currency amounting to Rs 5.92 lakh crore till December 19, as against the Rs 15.4 lakh crore pulled out of the system through the demonetisation of high-value currency announced on November 8.

      PM's Announcements To Enhance Economic Activities: Arun Jaitley
      • The slew of measures announced by Prime Minister Narendra Modi will enhance economic activities and pave way for "cleaner and bigger GDP", Finance Minister Arun Jaitley said on Saturday.

        In a series of tweets, Mr Jaitley said: "PM's announcements will enable a cleaner & bigger GDP...PM's announcements will enhance economic activities."

        Referring to the sops announced for different sectors, he said agriculture, MSME and housing segments will get a fillip. The finance minister, who will be presenting the Budget for 2017-18 in February, also said the government is committed to cleansing political funding. 

        On the announcement of fixed 8 per cent interest rate on 10-year deposits up to Rs 7.5 lakh for senior citizens, Mr Jaitley said it is "great news".

        In his address to the nation, PM Modi said home loans in urban areas up to Rs 9 lakh and Rs 12 lakh will receive interest subvention of 4 per cent and 3 per cent, respectively. Also, in rural areas home loans up to Rs 2 lakh will get interest rebate of 3 per cent.

        PM Modi also said government will bear a 60-day interest burden on farm loans taken for rabi crops and also doubled Nabard funding corpus to Rs 41,000 crore.

        General Awareness

        List of Museums in India

          1. A museum is a place where we store and exhibits the objects of historical ,scientific,artistic and cultural areas.The given below list contains the state wise list of museums in India .Andaman and Nicobar Islands
            Anthropological MuseumPort Blair
            Samudrika (Naval Marine Museum)Delanipur
            Andhra Pradesh
            Bhagwan Mahavir Government MuseumKadapa
            INS KursuraVisakhapatnam
            Victoria Jubilee MuseumVijayawada
            Visakha Museum(Visakhapatnam Municipal Corporation Museum)Visakhapatnam
            Salar Jung MuseumDarushifa
            Birla Science MuseumHyderabad
            Nizam MuseumHyderabad
            AP State Archaeology Museum or Hyderabad MuseumHyderabad
            Arunachal Pradesh
            Jawaharlal Nehru MuseumItanagar
            Assam State Museum,Guwahati
            Mayong Central Museum and EmporiumMayong
            Srimanta Sankaradeva KalakshetraGuwahati
            Patna MuseumPatna
            Bihar MuseumPatna
            Gandhi Smriti SangrahalayaBhitiharwa
            Gaya MuseumGaya
            Maharaja Lakshmeshwar Singh MuseumDarbhanga
            Chandra Shekhar Singh MuseumJamui
            Srikrishna Science CentrePatna
            Bihar Police MuseumPatna
            Rajendra Smriti Sangrahalaya (Rajendra Memorial Museum)Patna
            Government Museum and Art GalleryChandigarh
            International Dolls MuseumChandigarh
            Museum of Evolution of LifeChandigarh
            National Capital Territory of Delhi
            Indian Air Force MuseumPalam, Delhi
            Eternal Gandhi Multimedia MuseumNew Delhi
            National Gandhi MuseumNew Delhi
            National Gallery of Modern ArtNew Delhi
            National Handicrafts and Handlooms MuseumNew Delhi
            National MuseumNew Delhi
            National Museum of Natural HistoryNew Delhi
            National Rail MuseumNew Delhi
            National Science CentreDelhi
            Nehru Memorial Museum & LibraryNew Delhi
            Parliament MuseumNew Delhi
            Teen Murti BhavanNew Delhi
            Sanskriti Kendra MuseumDelhi
            Shankar’s International Dolls MuseumDelhi
            Goa Chitra MuseumBenaulim
            Goa Science CentrePanaji
            Goa State MuseumPanaji
            Naval Aviation MuseumVasco da Gama
            Baroda Museum & Picture GalleryVadodara
            Calico Museum of TextilesAhmedabad
            Gandhi Smarak SangrahalayaAhmedabad
            Gujarat Science CityAhmedabad
            Lalbhai Dalpatbhai MuseumAhmedabad
            Kaba Gandhi No DeloRajkot
            Kirti MandirPorbandar
            Kutch MuseumBhuj
            Maharaja Fateh Singh MuseumVadodara
            Sabarmati AshramAhmedabad
            Sanskar KendraAhmedabad
            Sardar Vallabhbhai Patel National MemorialAhmedabad
            Swaminarayan MuseumAhmedabad
            Watson MuseumRajkot
            Dharohar MuseumKurukshetra University
            Himachal Pradesh
            Library of Tibetan Works and ArchivesDharamsala
            Shivalik Fossil ParkSaketi
            Jammu and Kashmir
            Munshi Aziz Bhat Museum of Central Asian and Kargil Trade ArtifactsKargil
            Dogra Art MuseumJammu
            Ranchi Science CentreRanchi
            State MuseumJharkhand
            Government MuseumBangalore
            Kempegowda MuseumBangalore
            Visvesvaraya Industrial and Technological MuseumBangalore
            HAL heritage and Aerospace MuseumBangalore
            Law MuseumBangalore
            Regional Museum of Natural HistoryMysore
            Folklore MuseumMysore
            Jayachamarajendra MuseumMysore
            Mysore Rail MuseumMysore
            Government Museum(Shivappa Nayaka Palace)Shivamogga
            Arakkal MuseumAyikkara
            Teak MuseumNilambur
            Sardar Vallabhbhai Patel Police MuseumKollam
            Krishnapuram PalaceKayamkulam
            Indo-Portuguese MuseumKochi
            Vallathol Museum, ThrissurThrissur
            Mural Art MuseumThrissur
            Archaeological Museum, ThrissurThrissur
            Vaidyaratnam Ayurveda MuseumThrissur
            Indian Business MuseumKozhikode
            Kerala Soil MuseumThiruvananthapuram
            Napier MuseumThiruvananthapuram
            Pazhassi Raja Archaeological MuseumKozhikode
            Wayanad Heritage MuseumAmbalavayal
            Hill PalaceThrippunithura
            Madhya Pradesh
            Bharat BhavanBhopal
            Regional Science CentreBhopal
            Remember Bhopal MuseumBhopal
            Central MuseumIndore
            Indira Gandhi Rashtriya Manav SangrahalayaBhopal
            Maharaja Chhatrasal MuseumDhubela
            Rani Durgavati MuseumJabalpur
            Prince of Wales Museum (Chhatrapati Shivaji Maharaj Vastu Sangrahalaya)Mumbai
            National Gallery of Modern ArtMumbai
            Nehru PlanetariumMumbai
            Nehru Science CenterMumbai
            Ballard Bunder GatehouseMumbai
            Bhau Daji Lad MuseumMumbai
            Cavalry Tank MuseumAhmednagar
            Coin MuseumNasik
            Cowasji Jehangir HallMumbai
            Darshan MuseumPune
            Joshi’s Museum of Miniature RailwayPune
            Mahatma Phule MuseumPune
            Mani BhavanMumbai
            Nagpur Central MuseumNagpur
            Raja Dinkar Kelkar MuseumPune
            Raman Science CentreNagpur
            National Maritime MuseumMumbai
            Shree Chhatrapati Shahu MuseumKolhapur
            Siddhagiri Gramjivan Museum (Kaneri Math), KolhapurKolhapur
            Manipur State MuseumImphal
            Sekta Archaeological Living MuseumImphal
            Mizoram State MuseumAizawl
            Odisha State MuseumBhubaneswar
            Regional Museum of Natural History Bhubaneswar, Odisha
            Netaji Subhas National Institute of Sports( National Institute of Sports)Patiala
            Sanghol MuseumSanghol
            Sikh AjaibgharBalongi
            City Palace MuseumJaipur
            Albert Hall MuseumJaipur
            Archaeological Museum – AmerJaipur
            Govt. Museum ,Ajmer
            Bharatiya Lok Kala Museum,Udaipur
            Govt. Museum,BharatpurBharatpur
            Govt. Museum,Alwar
            Govt. MuseumJodhpur
            Mehrangarh MuseumJodhpur
            Umaid Bhavan Palace MuseumJodhpur
            Namgyal Institute of Tibetology,Gangtok
            Tamil Nadu
            Gandhi Memorial MuseumMadurai
            Gass Forest MuseumCoimbatore
            Government Museum(Madras Museum)Chennai
            Government MuseumKarur
            Government MuseumCuddalore
            Government MuseumPudukkottai
            Mahakavi Bharathi Memorial LibraryErode
            Regional Railway MuseumChennai
            Railway Heritage CentreTiruchirappalli
            Government MuseumTiruchirappalli
            Alampur Museum, AlampurMahbubnagar
            AP State Archeology Museum(Hyderabad Museum)Hyderabad
            Birla Science MuseumHyderabad
            Salar Jung MuseumDarushifa
            Tripura Government Museum,Agartala
            Uttar Pradesh
            Allahabad MuseumAllahabad
            Kanpur Sangrahalaya(Kanpur Museum)Kanpur
            Government Museum(Mathura museum)Mathura
            Sarnath MuseumVaranasi
            Jhansi MuseumJhansi
            Anand BhavanAllahabad
            West Bengal
            Birla Industrial & Technological MuseumKolkata
            Gurusaday MuseumKolkata
            Indian MuseumKolkata
            Malda MuseumEnglish Bazar
            Rabindra MuseumKalimpong
            National MuseumKolkata
            Netaji MuseumKolkata
            Victoria Memorial Hall

          No comments:

          Featured post

          Current Affairs - 16 December 2018

          General Affairs   Cyclone Phethai Gathers Over Bay Of Bengal, May Hit Andhra On Monday ...

          Copyright © 2016. Vikalp Education