Current Affairs For Bank, IBPS Exams - 28 December, 2015

Current Affairs for BANK, IBPS Exams

PM in his Mann ki Baat program announced a new programme for start up’s “Start Up India”.
Mr. Modi decided to frame a new nomenclature to refer to the diferently abled people as divyang.
PM also lauded a mason in Madhya Pradesh for donating free labour for building more than 100 toilets in his district.
Prime Minister continues to be the most digitally en- gaged world leader, sparking four times the number of conversations around his Facebook page than U.S. President Barack Obama.

Union Home Minister Rajnath Singh said that global terror outfit Islamic State has failed in its attempts to establish roots in India due to strong family values in the society which act as deterrent to radicalisation.
Life values of the country teach tolerance to the people. The values also teach not to discriminate of the basis of caste, religion and sect.
Highlighting the importance of education Home Minister said that education is a solution to unemployment.
He also said Only knowledge of letters is not sufficient. We should have commitment to our values.
We should have tolerance; then only problems like these plaguing the world and the country can be sorted out.

U.S. President Barack Obama has invited both Prime Ministers for the Nuclear Security Summit in 2016.
Though no formal announcements have been made, it is almost certain that Mr. Modi and Mr. Sharif will be attending it.
Nuclear security remains a lingering concern for the U.S policy for South Asia particularly.

China officially ended its controversial one child policy, allowing couples to have a second child amid deepening demographic crisis of shrinking workforce and ageing population in the world’s second-largest economy.
Chinese lawmakers passed a historic decision allowing all couples to have two children from January 1, ending its over three-and-half decades old policy that prevented over 400 million births in the country.

After being in the dark for several years on India’s geopolitical canvas, Russia is making an emphatic comeback as India’s trusted and strategic partner and is on course to reclaiming the position as top supplier of defence hardware.
Strangely, it is Prime Minister Narendra Modi, seen as pro-America, who is making it happen.
While both sides concluded 16 agreements across sectors, the most visible indica- tors of the renewed vigour in the partnership are in the de- fence sector.
Russia still accounts for 70 per cent of Indian arsenal, but has in recent years been overtaken by Israel and the U.S. as the big- gest hardware suppliers on an annual basis.
Russia, however, still is the largest supplier due to spares and support for hardware in the inventory and the committed liabilities for programmes under way.
It is no coincidence that the country’s first major project under the government’s ambitious ‘Make in India’ will be the production of Kamov-226T utility helicopters in India.
Under the agreement, 200 Ka-226T helicopters will be built in India for which Russian helicopters will partner with India’s Reliance group to execute the program.

The state governments and centre has come to a situation which is beneficial for both for addressing petroleum products problem in GST.
The states can levy the Value Added tax (VAT) for a “certain period.
Constitutionally petroleum products will be part of GST, but for a certain period, the states will have the freedom to determine the tax rate.

India’s current account deficit (CAD) remains in check and is expected to be lesser than $25 billion this fiscal.
India is a large beneficiary of lower crude oil prices, and FDI inflows remain on a relatively strong footing and help to offset the portfolio out- flows seen in recent months.
India’s CAD narrowed to 1.6 per cent of GDP at $8.2 billion in the second quarter ended September.
It is, however, higher than 1.2 per cent for the April-June quarter of this fiscal.

Revanta Mumbai Ga-ruda kept its blemishless record intact by taming a spirited Haryana Hammers 7-2 to win the Pro Wrestling League title at the Indira Gandhi Indoor Stadium.
The league augurs well for Indian wrestling. Though most of wins went to overseas wrestlers, still in long run it will improve wrestling in India.