Current Affairs For Bank, IBPS Exams - 03 January 2016

Current Affairs for BANK, IBPS Exams

A group of four terrorists stormed the Pathankot Air Force base early morning, killing six services personnel and injuring 18 after a fierce gun battle through the day, before being shot dead.
The attack raised the spectre of cross-border terror yet again challenging peace efforts between India and Pakistan.
One Garud commando of the Air Force and two Defence Security Corps personnel were among those dead.
The attack was the culmination of several dramatic hours that began on December 30-31 night, when the terrorists are suspected to have sneaked into India from Pakistan.
Sometime around early Friday morning they intercepted a Superintendent of Police, Salwinder Singh, and two other men near Dinanagar.
The terrorists thrashed them, dumped the SP on the road a few kilometres away and slashed another person.

All six north Indian cities for which data was available had worse air quality than Beijing in 2015.
However the south’s comparatively better air quality levels could hide some lethal truths about toxic combustion sources.
Launched in April 2015, India’s National Air Quality Index portal produces an Air Quality Index (AQI) value for around 15 cities based on the most prominent pollutant at that time for that city.
Pollution monitoring stations measure the concentration of six different pollutants PM2.5 (particulate matter of diameter less than 2.5 micrometres), PM10, sulphur dioxide, nitrogen dioxide, carbon monoxide and ozone.
For the AQI to be calculated, a station needs to have values for three or more pollutants, one of which needs to be particulate matter.
The AQI is then classified along one of six categories — good, satisfactory, moderate, poor, very poor or severe.

The National Democratic Alliance government is prepared to convene a special session of Parliament to get the Goods and Services Tax (GST) Bill approved if the Congress is willing to back the Bill.
The government is hopeful of the passage of the Goods and Services Tax Bill in the Budget session of Parliament, when the numbers in the Rajya Sabha will swing in its favour.
The GST is expected to boost economic growth by one to two per cent as it will replace India’s complex indirect tax regime of multiple state and central levies that makes inter-State trade and movement of goods tedious.
The government had announced a target date of April 2016 for the rollout of the GST regime, but is now eyeing a start in the middle of financial year 2016-17.
After the Constitution Amendment Bill is passed in Parliament, there are three more legislation — Central GST (CGST), State GST (SGST) and Integrated GST (IGST) — that need to be passed for the GST regime to come into force.

Saudi Arabia executed 47 people on Saturday, including a prominent Shia cleric behind anti-government protests and Sunnis convicted of involvement in deadly al-Qaeda attacks.
The 56-year-old cleric, Nimr al-Nimr, was a driving force of the protests that broke out in 2011 in the Sunni-ruled kingdom’s east, where the Shia minority complains of marginalisation.
But the list does not include Nimr’s nephew, Ali al-Nimr, whose arrest at the age of 17 and alleged torture during detention sparked condemnation from human rights groups and the U.S.
i executions are usually carried out by beheading with a sword. Executions have soared in the country since King Salman acceded the throne in January 2015, after the death of king Abdullah.
Last year, Saudi Arabia executed 153 people convicted of various crimes, including drug- trafficking, after 87 were put to death in 2014.

India may increase its solar energy capacity four-fold during the next fiscal year ending March 2017.
Today our solar capacity is about 4,500 MW and the capacity addition target for this year is about 2,000 MW.
During 2016-17, govt. Is hoping to add 12,000 MW in solar sector alone. Thus, including other renewable sources, there will be a total capacity addition of about 15,000 MW during next fiscal.
The government is focusing on speed, skill and scale rather than subsidies to drive reforms and progress in the energy sector.
The water heaters that ran on solar energy had subsidy components some years ago.
The government has electrified 20 per cent of the villages that were without power at the start of this financial year.
As of January two,2016 the DDUGJY had electrified 3,656 or 20 per cent of the 18,452 villages without power at the start of this financial year.
The scheme had an outlay of Rs 76,000 crore out of which the Centre committed to provide a grant of Rs.63,000 crore.
Of the remaining 14,796 villages that still had to get electricity, work had started in only 1,843 (12 per cent) of them.

The government’s push towards implementing direct cash transfers for kerosene subsidies is a welcome move but implementation re- mains a key concern, accord- ing to experts.
Such a move will certainly improve the targeting of the kerosene subsidy at a time when around half of the kerosene is currently being misappropriated.
But the manner of implementation is key. One has to see whether it will achieve the intended out- comes.
The government’s decision to incentivise States to move to Direct Benefit Transfer (DBT) in kerosene involves the States being given a cash incentive of 75 per cent of subsidy savings during the first two years, 50 per cent in the third year and 25 per cent in the fourth year.
The significant leakages in the kerosene subsidy system are a matter of great concern, with any attempt to plug the leaks a welcome one.

Stephen Constantine’s young Indian team faces its biggest hurdle Afghanistan, the defending champion, in the final of the SAFF Suzuki Cup football championship at the Greenfield stadium.
The Indian team has blown hot and cold during the course of the tournament sometimes to the point of being mediocre. If the semifinal match against Maldives is taken as a template for India’s campaign so far, it had all the ingredients that pointed to general sloppiness.
India allowed Maldives to score two goals and coach Constantine had pointed to the lack of concentration of his players in the second half. Similar errors in defence against Afghan- istan will be a disaster.