Daily Current Affairs 02nd January 2018

1. SBI Reduces Base Rate and Benchmark Prime Lending Rates Each by 30 bps
i. The State Bank of India reduced the base rate and benchmark prime lending rates by 30 basis points each, which will benefit nearly 80 lakh customers on the old pricing regime.

ii. SBI revised down the base rate to 8.65 percent for existing customers from 8.95 percent, while the benchmark prime lending rates are down from 13.7 percent, to 13.4 percent. The one-year MCLR of the bank stands unchanged at 7.95 percent.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • MCLR stands for Marginal Cost of funds based Lending Rate.
  • SBI Chairman- Rajnish Kumar, Headquarters- Mumbai, Established on- 01st July 1955.

2. 1st Draft of National Register of Citizens in Assam Released
i. The citizen of Assam witnessed the release of the first draft of National Register of Citizens (NRC) containing the first batch of 19 million names of genuine Indian citizens in compliance with the Supreme Court ‘s orders.

ii. Registrar General of India Sailesh released the document. The first draft has listed 19 million people out of the 32.9 million applicants from within the state as legal Indian citizens.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • The NRC was last updated in Assam way back in 1951.
  • Assam is the only state in the state that has an NRC.

 

3. Women & Child Development Ministry Inaugurated Online Portal NARI
i. Women and Child Development Minister Maneka Gandhi inaugurated an online portal NARI in New Delhi for the empowerment of women.
ii. The portal will provide women with easy access to information on government schemes and initiatives for women. The portal summarises over 350 government schemes and other important information.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • NARI stands for National Repository of Information for Women.

 

4. Assamese and Manipuri Versions of PM Modi’s Official Website Launched
i. The Assamese and Manipuri language versions of Prime Minister’s Official website- http://www.pmindia.gov.in were launched.
ii. Now the PM INDIA website is available in 11 regional languages namely Assamese, Bengali, Gujarati, Kannada, Malayalam, Manipuri, Marathi, Odia, Punjabi, Tamil and Telugu in addition to English and Hindi.

 

5. Saudi Arabia, UAE Introduce VAT for First Time
i. Saudi Arabia and the United Arab Emirates (UAE) introduced value-added tax (VAT). These are the first two countries in the Gulf which have introduced the VAT system.
ii. The 5% levy is being applied to the majority of goods and services. Petrol and diesel, food, clothes, utility bills and hotel rooms all now have VAT applied. But some outgoings have been made exempt from the tax or given a zero-tax rating, including medical treatment, financial services and public transport.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • UAE Capital- Abu Dhabi, Currency- Dirham.
  • Saudi Arabia Capital- Riyadh, Currency- Saudi riyal.
 
6. Vijay Keshav Gokhale Appointed Foreign Secretary
i. Senior diplomat Vijay Keshav Gokhale has been appointed the foreign secretary of India. He has succeeded S Jaishankar.
ii. Mr Gokhale served as Indian Ambassador to China, Germany and as Indian High Commissioner to Malaysia in the past. He is at present secretary (economic relations) in the Ministry of External Affairs.
 
7. Pankaj Jain Assumes Charge as IIFCL Managing Director
i. Pankaj Jain, Joint Secretary in the Department of Financial Services (DFS), has assumed charge as the Managing Director of India Infrastructure Finance Company Ltd (IIFCL).

ii. He will be holding additional charge of IIFCL along with his present position as Joint Secretary at DFS.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • IIFCL is a wholly-owned Government of India company set up in 2006.
  • IIFCL has been registered as an NBFC-ND-IFC with RBI since September 2013.
 
8. Indian Golfer Shiv Kapur Wins Royal Cup at Pattaya
i. Indian golfer Shiv Kapur won the Royal Cup at Pattaya, which is his third Asian Tour title of 2017. The 35-year-old, who had just one win in almost 11 years till April 2017, has now won three times in last eight months.
ii. This latest win marks Kapur’s fourth Asian Tour win and sixth international title as he won twice on European Challenge Tour also.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Shiv Kapur first won on Asian Tour in his debut season in December 2005.
 
9. Veteran Poet Anwar Jalalpuri Passes Away
i. Noted Urdu poet Anwar Jalalpuri passed away at the age of 71 in Lucknow. He suffered a brain stroke.
ii. Anwar Jalalpuri is best known for his translation of shloks of Bhagavad Gita into Urdu verses.
 
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Anwar Jalalpuri was a Yash Bharti Award recipient.
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