Current Affairs For Bank, IBPS Exams - 05 December, 2015

Current Affairs for BANK, IBPS Exams

Armed With Chief Economic Adviser Arvind Subramanian’s Report On The Revenue-neutral Rates For The Goods And Services Tax Regime, The National Democratic Alliance Government Will Initiate Fresh Talks With The Opposition.
The Decks Were Cleared For Political Consensus On The Goods And Services Tax (Gst) With Recommendations From A Committee Headed By Chief Economic Adviser Backing Three Of The Main Demands Of The Congress On The Pending Reform.
In A Report Submitted To Union Finance Minister Arun Jaitley, The Panel Recommend- Ed That The Government Drop The Proposed Additional One Per Cent Tax On Inter-state Sales Over And Above The Gst Rate A Key Congress Demand.
The Committee Recommended A Two-rate Structure: The Lower Of These, It Suggest- Ed, Be Kept At 12 Per Cent And The Standard Rate, At Which Most Products Are Likely To Be Taxed, At 17-18 Per Cent.

In A Desperate Bid To Halve The Teeming Vehicular Population Of The National Capital, The Delhi Government Decided That Vehicles With Odd And Even Number Plates Would Be Allowed On Alternate Days Only From January 1, 2016.
Delhi Has More Than 87 Lakh Vehicles, Half Of Which Hit The Roads Every Day.
To Ensure That Commuters Are Not Put To Hardship, Delhi Metro Services Will Be Extended And School Buses Will Be Requisitioned Even As Efforts To Expand The Existing Fleet Of The Delhi Transport Corporation (Dtc) Were Underway.
Emergency Vehicles Such As Ambulances Will Be Out Of The Purview Of The Scheme. Commercial Vehicles Will Be Permitted To Enter The Capital Only Around After 10 P.M Instead Of The Current Deadline Of 9 P.M.

Lawmakers Approved Plans For Germany To Take On A Direct Role In The Battle Against The Islamic State (Is) Group In Syria, Answering France’s Appeal For Help After The Deadly Paris Attacks.
Parliament Agreed To The Mandate For The Deployment Of Tornado Reconnaissance Jets, A Frigate And Up To 1,200 Troops By An Overwhelming Majority Of 445 Votes In Favour And 146 Against.
A Broad Coalition Of 60 Countries Has Been Battling Is Since August 2014, Although Involvement In Syria Has Been More Limit- Ed With Some Western Nations Wary Of How Military Action Could Actually End Up Serving President Bash- Ar Al-assad’s Regime, Which They View As No Longer Legitimate.

In A Clear Signal That Active Diplomacy Is At Work To Forge An Agreement In Paris Based On Voluntary Pledges, One That Is Subject To Transparent Monitoring, India Said That It Was Ready For A Regime Of Stocktaking Of Future Carbon Emissions.
India Is Not In A Position To Fix A Target Year For Peaking Of Carbon Emissions Because Of The Current State Of Its Development.
The Centre Had Engaged Several Technical Institutions To Do Modelling Studies, But They Could Not Identify A Likely Peaking Date Due To Uncertainty.
The U.S., Which Did Not Ratify The Kyoto Protocol That Fixed Quantified Emissions Reductions, Would Like To Have A Transparency Regime In The Paris Agreement That Would Build Trust.
However, It Remains Firm On The Issue Of Historic Re- Sponsibility. It Is Unwilling To Concede That It Had Emitted The Greenhouse Gases Now Concentrated In The Atmo- Sphere In Large Measure.

External Affairs Minister Sushma Swaraj, Who Has Visited Several Arab Countries In The Past, Has Now Been Invited To War-torn Syria.
While Extending An Invitation To Ms. Swaraj, Political Advisor To President Bashar Al Assad, Said Regional And National Reconciliation Can Take Place Only If Terrorism In Syria Is Eliminated
He Also Said Externally-imposed Terrorists Were Encouraged And Equipped By Turkey’s Present Ruling Elite.
It Is A Clear Sign That Syria Is Eager To Include India Within The Ambit Of Direct Political Consultation To Help In Bringing A Closure To The Destructive Civil War.

Haunted By Memories Of India’s 2013 Markets Crash, The Country’s Central Bank Is Engaging In A Tricky Balancing Act With Domestic Yields To Keep Volatility Out Of Its Bond Markets Ahead Of The Federal Reserve’s Historic Policy Decision This Month.
The Reserve Bank Of India (Rbi) Is Seeking To Prevent Wild Swings In Bond Markets By Agreeing To Pay Higher Interest Rates To Investors At Bond Auctions, People With Knowledge Of The Central Bank's Operations Say, While Also Buying Bonds In The Open Market To Stop Yields Rising Too Much.
Although India Has Outperformed Many Emerging Mar- Kets This Year, The Country Has Not Been Immune To Fed Jitters, With Foreign Investors Selling Around $1.7 Billion In Bonds And Shares Last Month.
The People Familiar With Rbi Operations Say It Is Worried Weak Market Participation At Its Auctions Ahead Of The Fed’s December 15-16 Meeting Could Trigger A Sell- Of. In 2013, Fed ‘taper’ Fears Sent The Rupee To A Record Low.

Vodafone India, Facing Flak Over Frequent Call Drops On Its Network, Has In- Vested Rs 500 Crore In The First Eight Months Of The Current Financial Year To Improve Its Services In Delhi But Expressed Reservations On The Order To Compensate Users For Dropped Calls.
The Company’s Managing Director And Ceo, Sunil Sood, Said They Were Working On A War Footing To Improve Services.
According To A Survey By Telecom Enforcement, Resource And Monitoring (Term) Cell Which Operates Under The Department Of Telecommunications (Dot) Call Drop On Vodafone’s Net- Work In Delhi Was In The Range Of 0.3-2.97 In October, An Improvement From 1.53-6.63 In August.
Telecom Regulator Trai Has Set A Benchmark Of 2 Per Cent.

Competing For The First Time In Over A Year, Olym-pic Bronze-medallist M.C. Ma- Ry Kom (51kg) Assured Herself And India Of At Least A Bronze Medal By Advancing To The Semifinals Of The International Boxing Association’s (Aiba) Olympic Test Event In Rio De Janeiro.
The Indian Defeated Venezuela’s Karlha Magliocco 3-0 In The Quarterfinal Bout Of The Event, Where Boxers Have Been Individually Invited By The World Body And The Rio Olympics Organising Committee.