Current Affairs

Daily Updates 7th December 2017

Daily Updates 7th December 2017:

Daily Updates 7th December 2017
Daily Updates 7th December 2017

1.Aakash Missile was successfully launched

Surface to Air Missile Akash sought domestic radio frequency target Banshee, which was successfully launched in ITR Chandipur in Odisha from Start Complex-3.Radar, telemetry and electro-optical systems along the coast examine and monitor all of the missile’s health parameters. The missile was included in the army as a short range for air missile (SRSAM). With this victory, India achieved the ability to make any kind of surface to air missile.

2.Monthly Monetary Policy Declaration for the Fifth Month of the RBI released

Depending on the current and emerging macroeconomic conditions at its meeting, the Monetary Policy Committee (MPC) does not change to 6.0 percent of the liquidity adjustment facilities (LAF).As a result, the reverse repo rate (RRR) at LAF is 5.75%, and Marginal Standing Facility (MSF) rate and the bank rate at 6.25%. The real GVA growth estimates for the 2017-18 of October conclusion at 6.7 per cent have equaled equilibrium.In the previous meeting held in October, the real estate continued to remain on the RBI. Since then, the rate of inflation measured by the Consumer Price Index, rising food and fuel prices, increased 3.58% in seven months faster, at a faster pace.Since October 2017, global economic activity is gaining momentum in the last quarter of the year, mainly driven by advanced economies (AEs). The US growth has been steady for hurricanes and has been the biggest increase in the last three years in Q3 of 2017, with private consumption, investment activities and positive exports from net exports.

3.Vice President started the 12th Annual Conference

Vice president Venkaiah Naidu commenced the 12th Annual Meeting of the Central Information Commission at Vigyan Bhavan in New Delhi.The Vice President emphasized in the transparency and accountability of public life. According to the opposition in the state,Dr. Jitender Singh in the PMO, the government has filled all vacant posts in the commission. He accused the previous government of ill health on this issue.

4.UP, First State to Endorse Centre’s Triple Talaq Draft Bill

Uttar Pradesh has become the first state to adopt the draft bill of the Center, which makes instant triple Talaq a significant and billing offense. Under the draft law, three years of imprisonment and Muslim men tried to divorce his wife three times, denouncing “Talaq”. The bill was introduced at the winter session of Parliament.

5.India and Italy sign MoU for cooperation with agriculture and phytosanitary issues

The Union Agriculture and Agricultural Welfare Minister Sri Radha Mohan Singh signed a new agreement for cooperation on agriculture and phytosanitary issues in a place signed by the Italian Minister of Agricultural Food and Forest Policy, H.E Morijo Martina in 2008. MOU provides a good framework for cooperation in this field. In the 2016-2018 period, IFAD ranked 10th, India contributed 37 million dollars. Singh Singh, with the Italian Minister, participated in the Big business delegation in AGRIMACH India in 2017

6.India and Cuba Sign MoU for better cooperation in the health sector


India and the Cuba Understanding Memorandum (MoU) have signed for better cooperation in the field of health. The MoU aims to establish a comprehensive inter-ministerial and inter-governmental cooperation between the two countries in the healthcare sector by combining technical, scientific, economic and human resources in both countries.

7.The government will set up a panel to refer to the NPA in power sector

The government has set up a high-level committee headed by NITI Aayog chief executive Amitabh Kant to address the issue of assets in India’s power sector.According to the Economic Survey 2016-17, the Non-performing assets (NPAs) of power generation have grown by 5.9 per cent to Rs.4.73 trillion in the banking sector.

8.Armed Forces Flag Day 07 December

On December 7, the Armed Forces flag will be held nationwide to honor the martyrs and men who have fought bravely over our borders to save the country’s dignity.Today marks the flag of Annual Armed Forces in India since 1949. The Indian Armed Forces are dedicated to funding the public from the welfare of the people and serve the sailors of soldiers, airlines and navy.

9.PM Modi Inaugurated B R Ambedkar International Centre

Prime Minister Narendra Modi has launched BR Ambedkar International Center in New Delhi. The Prime Minister also unveiled two statues of the Dalit icon in the center of Janpath. Union Sports and Youth Affairs Minister Vijay Goel also participated in the program. This center is a combination of Buddhist and modern structures. He laid the foundation stone of the center in 2015.

10.Paytm Unveils ‘Paytm Ka ATM’ Partner Outlet for Banking Operations

India’s largest digital bank Paytm Payments Bank is the only bank offering zero balance accounts and zero charges in digital transactions. If the Payment Accounts are opened, the Payment can enable customers to withdraw money from ATM outlets, Savings Accounts and Deposit / Bank accounts. In the first phase, Paytm started with 3,000 Paytm ATM points in Delhi, NCR, Lucknow, Kanpur, Allahabad, Varanasi and Aligarh. These stores have local banking correspondents who help consumers to deposit and withdraw money from their Bank Payment Bank account, banking is simpler and more accessible to one and all.


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