Friday, 1 January 2016

Daily Current Affairs (g.k.) 2016 for Bank Exam

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ABS will be mandatory for two-wheelers
  • In an attempt to make roads safer, the Union government will soon make it mandatory for all two-wheelers to fit anti-lock braking system (ABS) and combined braking system (CBS) by April 2019.
  • The Union Road Transport and Highways Ministry, which has released the draft notification, had earlier planned to implement the rule on all two-wheelers by April 2018.
Re. 1 for every call drop: TRAI
  • 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 on January 1.
  • “Call drops are an issue on which we have issued regulations. They will come into effect from tomorrow…Operators have gone to court. The Delhi High Court has not granted a stay,”.
PAN must for cash payment of hotel bill over Rs 50,000
  • Furnishing PAN will be mandatory for cash transactions such as hotel or foreign travel bills exceeding Rs 50,000  a move aimed at curbing the black money menace.
  • Besides, PAN will be a must for all transactions, including purchase of jewellery, above Rs 2 lakhs in cash or through card with effect from January 1, 2016, the Finance Ministry said in a notification.
  • PAN will also be mandatory on purchase of immovable property of over Rs 10 lakh. This will be a relief to small home buyers as previously the government had proposed to make PAN mandatory for property worth Rs 5 lakh.
  • Quoting of Permanent Account Number (PAN) will also be mandatory for term deposits exceeding Rs 50,000 at one go or Rs 5 lakh in a year with banks, Post Offices and NBFCs.
BHEL commissions Prayagraj power plant unit in UP
  • State-run heavy equipment-maker Bharat Heavy Electricals Ltd. (BHEL) it has commissioned a 660 MW unit of the Prayagraj Super Thermal Power Project at Bara in Uttar Pradesh.
  • “The unit has been commissioned at the upcoming 3×660 MW Prayagraj Super Thermal Power Project (STPP) at Bara in Allahabad district of Uttar Pradesh,”.
  • The statement said BHEL is the leading power equipment manufacturer in the country with orders of 43 sets of super-critical boilers and 38 sets of super-critical turbine generators by various customers.
Centre plans Rs. 1 lakh-crore road projects in UP
  • The Centre will take up Rs.1 lakh-crore of road works in Uttar Pradesh in the coming year, Transport Minister Nitin Gadkari. This includes Rs.45,000 crore of ongoing works in the State.
  • Gadkari’s announcement came at an event where Prime Minister Narendra Modi laid the foundation stone for the Rs.7,500 crore Delhi-Meerut Expressway.
Israel rejects book on Jew-Arab love for school curriculum
  • Israel’s Education Ministry has rejected a request to include a novel about a romance between a Jew and an Arab in the high school curriculum, reportedly because of concerns it could encourage assimilation.
  • Teachers had requested the book Borderlife be included in the Ministry’s reading list but its content was deemed unfit for high school students.
  • The Israeli daily Haaretz quoted a letter written by education official Dalia Fenig as saying the book shouldn’t be included because teens cannot grasp the “significance of assimilation.”
Banks enter 2016 with $60 billion red ink on books
  • As a New Year begins, it’s not a clean slate for the banks with balance sheets full of red ink due to huge bad loans worth about $60 billion and a serious clean-up job is a must in 2016 with the RBI having set a deadline.
  • At the same time, the existing public and private sector banks would also have to prove their competitiveness in the wake of two entirely new breeds of banks joining the fray in the form of payments and small finance banks this year.
  • At the end of the day, it will be the customers and the quality of services offered to them that will matter and the bankers are almost unanimous that the technology is going to remain the key plank for the banking sector going ahead.
RBI asks banks to open more branches in rural areas
  • India’s central bank has asked the lenders to open more brick and mortar branches in villages with no banking facilities and with a population of more than 5,000.
  • The banking regulator has asked banks to submit a roadmap on how many branches they will be opening by 31 March 2017. Banks have to submit the roadmap by end of January 2016.
Microsoft to warn e-mail users on suspected hacking by a govt.
  • Microsoft Corp said it would begin warning users of its Outlook.com email service when the company suspects that a government has been trying to hack into their accounts.
  • The policy change at the world’s largest software company follows similar moves since October by Internet giants Facebook Inc., Twitter Inc and most recently Yahoo Inc.
Kerala Tourism’s Nishagandhi award for Ilaiyaraja
  • Music maestro Ilaiyaraja has been selected for Kerala Tourism’s Nishagandhi Puraskaram 2016 for his artistic excellence and contribution to the Indian film music industry.
  • Minister for Tourism A.P. Anil Kumar said the award will be presented to the 72-year-old maestro at the inaugural ceremony of the Nishagandhi annual dance and music festival commencing here on January 20.
BCCI’s top award for Kohli
  • India’s Test captain Virat Kohli has won the Cricketer-of-the-Year 2015 award. The award is named after former India captain and all-rounder Polly Umrigar.
  • Kohli will receive the award at the BCCI annual awards function here on January 5.
  • The Karnataka State Cricket Association (KSCA) which won the Ranji Trophy, Zal Irani Cup and Vijay Hazare Trophy in the 2014-15 season has been declared the best team.
Ashwin ends 2015 as No. 1 Test bowler, all-rounder
  • Star Indian off-spinner Ravichandran Ashwin has ended 2015 as the number one Test bowler in the ICC rankings issued on the back of his strong showing against South Africa in the recent home series.
  • Ashwin, who took 62 wickets in nine Tests this year including 31 scalps in the four matches against South Africa, became the first India bowler since Bishen Bedi in 1973 to achieve the milestone of finishing the year on top.

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