Weekly Current Affairs One Liners (11 Dec - 17 Dec) 2017: Download Now

Weekly Current Affairs One Liners (11 Dec - 17 Dec) 2017: Download Now

Weekly Current Affairs One Liners (11 Dec - 17 Dec) 2017: Download Now

The one liner of the week is a recap of the important happenings that occurred between 11th December to 17th December 2017. The important happenings of the week covered in this segment include India’s first indigenously built Scorpene-class submarine, new President of IOA and 2017 Mother Teresa Memorial Award among others.


BANKING & ECONOMY
  • OBOPAY, the global mobile payment solutions company, has recently secured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in India.
  • The Reserve Bank of India has imposed a penalty of Rs 3 cr on IndusInd Bank for deficiencies in regulatory compliance.
  • The Union Cabinet has decided that Govt will borne Merchant Discount Rate (MDR) charges on transactions up to Rs. 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems (AePS) to promote digital transactions for two years with effect from Jan 01, 2018.
  • The RBI has restricted Corporation Bank from carrying out certain banking activities due to a sharp rise its bad loans by triggering prompt corrective action (PCA) against it.
  • In the past, RBI has placed certain restrictions on seven banks which include Oriental Bank of Commerce, Dena Bank, Central Bank of India, IDBI Bank, Indian Overseas Bank, Bank of Maharashtra and UCO Bank.
  • Inflation based on wholesale price index (WPI) accelerated further to 3.93% in Nov due to a sharp rise in onion prices and costlier seasonal vegetables.
  • The Supreme Court extended the deadline for mandatory linking of Aadhaar with various services and welfare schemes till March 31 next year.
  • The Asian Development Bank (ADB) has lowered India’s GDP forecast for the current fiscal by 0.3 per cent to 6.7 per cent.
  • The UN in its 'World Economic Situation Prospects' (WESP 2018) report said that India's economy is projected to grow at 7.2 per cent in 2018 and 7.4 per cent in 2019.
  • The fiscal deficit as a ratio of GDP stood at 3.9% in 2015-16 and 3.5% in 2016-17 and is budgeted to be 3.2% for the Current Financial Year 2017-18.
  • BSE’s India International Exchange (India INX) had received approval from the capital markets regulator Securities and Exchange Board of India (SEBI) on the framework for listing of debt securities.
  • NATIONAL NEWS
  • The National Green Tribunal (NGT) has imposed complete blanket ban on use, sale, purchase and storage of plastic items such as carry bags, plates and spoons in towns of Haridwar and Rishikesh till upper areas of Uttarkashi along the Ganga River in Uttarakhand.
  • Vice-President Venkaiah Naidu inaugurated the World conference on Vedas ” Vishwa Ved Sammelan” at the Indira Gandhi National Centre for Arts (IGNCA) in New Delhi on Dec 15.
  • The National Institute of Transforming India (NITI) Aayog’s Atal Innovation Mission launched the Atal Tinkering Lab’s Community Day in New Delhi.
  • The Union Ministry of Electronics and Information Technology (MeitY) launched first NIC-CERT, a setup of National Informatics Centre (NIC) to prevent and predict cyber-attacks on government utilities.
  • The Union Govt is planning to club phase I and phase II of its ambitious Ken-Betwa inter linking river (ILR) project, which aims to transfer surplus water from the Ken River to the Betwa basin through concrete canal to irrigate India’s worst drought-prone Bundelkhand region.
  • The Union Ministry of Health and Family Welfare launched ‘LaQshya’ Initiative and mHealth: Safe Delivery Application on the occasion of Universal Health Coverage (UHC) Day (Dec 12).
  • The Union Ministry of Railways introduced Indian Railways E-Procurement System (IREPS), an online bill tracking system for vendors and contractors.
  • India and Australia hold their first ‘2+2 dialogue’ in New Delhi.
  • India ranked 100th among 149 countries on the list of prosperous countries released as part of The Legatum Prosperity Index 2017, which is topped by Norway.
  • India ranked 109th out of 122 countries in Mobile internet speed and 76th out of 133 countries in broadband space in Nov 2017 Speedtest Global Index (SGI).
  • India will host the 3rd Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) at Mumbai on June 25-26, 2018 with the theme “Mobilizing Finance for Infrastructure: Innovation and Collaboration”.
  • Govt has made mandatory for Original equipment manufacturers (OEMs) to seek approval from Department of Heavy Industry (DHI) before accepting any proposal to supply electric buses for availing incentives under the FAME India scheme.
  • The Union Ministry of Health and Family Welfare has launched a door-to-door campaign for 15-days in the country for early diagnosis, detection and treatment of tuberculosis (TB) to eliminate the disease.
  • The Union Minister of State for Youth Affairs and Sports, Rajyavardhan Rathore announced that the ministry will soon launch Khelo India programme for period 2017-18 to 2019-20 at cost of Rs 1756 cr.
  • India’s largest carmaker Maruti Suzuki became India’s sixth most valued firm, crossing India’s largest lender SBI. Reliance Industries is the country's most valued company.

STATE NEWS
  • National Workshop on Role of Sakhi One Stop Centres (OSCs) in Strengthening Multi Sectoral Response to Violence held in New Delhi.
  • Meghalaya becomes the India's first state to operationalize The Meghalaya Community Participation and Public Services Social Audit Act, 2017 (social audit law).
  • The 14th Inclusive Finance India Summit held in New Delhi to build consensus on strategies and a unified vision for achieving universal financial inclusion in India.
  • The 7th International Ground Water Conference (IGWC-2017) held in New Delhi, India with the theme
  • “Ground water Vision 2030- Water Security, Challenges and Climate Change Adaptation”.
  • The Bihar govt has launched Safe City Surveillance Scheme for checking crime against women.
  • Rajasthan has become the first state in the country to offer free e-mail address in Hindi to its residents.
  • India’s first Electronic Manufacturing Cluster (EMC) will be coming in Andhra Pradesh.
  • Motorola Mobility, a wholly-owned subsidiary of Lenovo has set up its first Moto Hub in Chennai.
  • The ASEAN India Connectivity Summit (AICS) held in New Delhi with the theme “Powering Digital and Physical Linkages for Asia in the 21st Century”.
  • Foreign Ministers of Russia, India and China (RIC) hold a trilateral meeting in New Delhi.
  • The first International Conference on Sports Medicine & Sports Sciences “SAICON 2017” inaugurated by the Minister of State (I/C) Youth Affairs and Sports Col. Rajyavardhan Rathore in New Delhi.
  • The two-day Aadivasi Mahotsav held in Raipur, Chhattisgarh to display the rich and diverse tribal traditions of the central state.
  • India’s ‘first’ mobile food testing laboratory enabling on-the-spot food safety tests was launched in Goa.
  • INTERNATIONAL NEWS
  • The World Health Organization (WHO) has officially declared Gabon a “polio-free country”.
  • The Eleventh Ministerial Conference (MC11) held in Buenos Aires, Argentina, which was chaired by Minister Susana Malcorra of Argentina.
  • Google opens a research lab focused on Artificial Intelligence (AI) in Beijing, the first centre in Asia.
  • Norway completed its transition to digital radio, becoming the first country in the world to shut down national broadcasts of its FM radio network despite some grumblings.
  • The second UN World Tourism Organization/UNESCO World Conference on Tourism and Culture: Fostering Sustainable Development held in Muscat, Capital city of Oman.
  • The Asian Infrastructure Investment Bank (AIIB) approved its first loan of USD 250-mn-loan to China to reduce its dependence on coal by over 600,000 tonnes annually by building a natural gas distribution network for villages.
  • The 54th meeting of South Asian Association for Regional Cooperation (SAARC) programming committee held at the Kathmandu-based SAARC Secretariat in Nepal.
  • China started trial operations of world’s biggest automated container terminal at Yangshan Deep Water Port in Shanghai, the country’s commercial hub.
  • The Geneva-based International Campaign to Abolish Nuclear Weapons (ICAN) received the 2017 Nobel Peace Prize at ceremony held in Oslo, Norway.
  • Mount Hope (3,239 meters), in the British Atlantic Territory, becomes the UK’s highest mountain replacing Mount Jackson (3,184 meters).
  • Saudi Arabia lifted a 35-year-old ban on cinemas, prompting celebrations from film fans, directors and movie chains eyeing the mass market in the Middle East.

SCIENCE & DEFENCE
  • The eighth edition of bilateral military exercise EKUVERIN 2017 between India and Maldives held in India in Belagavi, Karnataka.
  • The 4th India-Australia-Japan Trilateral Dialogue hosted by India in New Delhi.
  • Scientists from Massachusetts Institute of Technology (MIT), US have found a novel way to induce plants to give off dim light by embedding specialised nanoparticles into their leaves.
  • Prime Minister Narendra Modi commissioned scorpene-class submarine INS Kalvari into the Indian Navy in Mumbai, Maharashtra.
  • The Indian Space and Research Organisation (ISRO) is developing small satellite launch vehicles to launch low-cost small satellites.

APPROVALS & MOUS
  • The Union Cabinet has approved new Central Sector Scheme of North East Special Infrastructure Development Scheme (NESIDS) from 2017-18.
  • Union Cabinet has approved National Medical Commission Bill, 2017.
  • Multilateral funding agency Asian Development Bank (ADB) has approved $346 million loan for highways upgradation project in Karnataka.
  • The Union Housing and Urban Affairs Ministry (MoHUA ) has signed an agreement with German firm GIZ for technical cooperation in the implementation of transport projects in Coimbatore, Bhubaneshwar and Kochi.
  • The Union Cabinet has approved the establishment of International Training Centre for Operational Oceanography (ITCOO), as a Category-2 Centre (C2C) of UNESCO, in Hyderabad, Telangana.
  • The Union Cabinet cleared a bill that criminalises the Islamic practice of instant triple talaq, ahead of it being taken up in the Winter Session of Parliament.
  • India and Morocco have signed four agreements for cooperation in Water Resources, Road and Marine Sectors.
  • MoU on cooperation in the field of Water Resources;
  • Agreement to establish cooperation between Indian Maritime University (IMU) and Higher Institute of Maritime Studies (ISEM) of Morocco.
  • Framework Agreement for Cooperation in Training between National Ports Agency (NPA) of Morocco and Indian Maritime University (IMU).
  • Cooperation Framework Agreement between Institute of Training in Engines and Road Maintenance of Morocco (IFEER) and Indian Academy of Highway Engineers (IAHE).
  • The Union Govt signed US $250 mn loan agreement with World Bank for “Skills Acquisition and Knowledge Awareness for Livelihood Promotion” (SANKALP) Project to support livelihood.
  • The Union Govt has framed a scheme to set up 12 Special Courts for a year to fast-track the trial of criminal cases against 1,581 MPs and MLAs.
  • The Dredging Corporation of India (DCI) and National Highways Authority of India (NHAI) have signed an MoU for facilitating the supply of sand for highways construction work.

APPOINTMENTS
  • Director of National Institute of Nutrition - R Hemalatha
  • BARC India Chairman - Nakul Chopra        
  • Congress president - Rahul Gandhi            
  • RBI Executive Director -Uma Shankar        
  • Air India CMD - Pradeep Singh Kharola                
  • Performance Director for senior Women’s Boxing - Raffaele Bergamasco

AWARDS
  • Jitesh Singh Deo from Lucknow bagged the Mr. India World 2017 title.
  • The Vice President of India, M. Venkaiah Naidu conferred 'Yeraringan' Award to Prof. M.S. Swaminathan, in Chennai.
  • Renowned Hindi scholar and writer Mamta Kalia was chosen for Vyas Samman 2017 for her novel “Dukkham Sukkham”.

SPORTS
  • World youth champion Sachin Siwach was named the Asian Boxing Confederation’s best youth boxer of the year after winning an online poll conducted by the continental body.
  • The Board of Control for Cricket in India (BCCI) decided to lift the ban on the Rajasthan Cricket Association (RCA).
  • Indian Golfer Shubhankar Sharma claimed European Tour victory in the Joburg Open, in South Africa.
  • The Board of Control for Cricket in India (BCCI), in its Special General Meeting, confirmed that India will be hosting the ICC Cricket World Cup on 2023 and the ICC Champions Trophy in 2021.
  • India's Saurabh Chaudhary qualified for the Youth Olympics Games with a gold medal and a junior world record in 10m air pistol at the ongoing Asia Youth Olympics Games qualification tournament in Wako City, Japan.
  • Pistol aces Jitu Rai and Heena Sidhu bagged a bronze each to continue India's medal charge at the 10th Asian Championship 10m Rifle/Pistol in Wako City, Japan.
  • Australia beat Argentina 2-1 in the final of the Hockey World League Final (HWLF) to win gold at Kalinga Stadium, Bhubaneswar, Odisha.
  • India defeated Germany 2-1 in the Hockey World League Final to grab the bronze medal at the event, in Bhubaneswar, Odisha.

IMPORTANT DAYS
  • Dec 16 - Vijay Diwas
  • Dec 14 - National Energy Conservation Day
  • Dec 13 - World Violin day    
  • Dec 11 - International Mountain Day

OBITUARY
  • Actor, writer and filmmaker - Neeraj Vora
  • Veteran journalist - Sukharanjan Sengupta 
  • Eminent scientist and ‘father of DNA fingerprinting in India’ - Lalji Singh

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