Daily Current Affairs 29th December, 2017

Daily Current Affairs 2 December 2017 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

International sweet festival going to held in Hyderabad

Featuring more than 1,000 sweets, an international sweet festival will be held in Hyderabad, Telangana for the first time ever. Telangana Tourism is planning to hold a mammoth inter-State sweet festival where the most popular delicacies from each State will be offered in various varieties.

Indo-Maldives Joint Exercise ‘Ekuverin’ Concludes

The two-week long eighth edition of the Indo-Maldives joint military exercise, ‘Ekuverin’, came to an end at Belagavi, Karnataka. ‘Ekuverin’ means ‘friends’ in the Maldivian language. The exercise has been held alternatively in India and Maldives since 2009.

BANKING & FINANCE

KKR gets RBI nod to start India’s 1st Foreign-owned ARC

US buyout giant KKR & Co has become the first foreign investor to fully own an asset reconstruction company (ARC) in India as it received approval from the Reserve Bank of India at a time when lenders are fighting with a pile of bad loans that have crippled their businesses.

Chola MS honoured with Golden Peacock Award for risk management

Cholamandalam MS General Insurance Company Limited has been awarded the prestigious “Golden Peacock Award for Risk Management” for the year 2017.

• The Golden Peacock Awards were instituted in 1991 by the Institute of Directors (IOD), now regarded as a benchmark of Corporate Excellence worldwide, are presented annually to recognise the best corporates through competition.

ECONOMY

India’s April-November fiscal deficit at 112% of full year’s target

The data furnished by the Comptroller General of Accounts (CGA) showed that India’s budgetary fiscal deficit for the first eight months (April-November) of 2017-18 stood at 112 per cent — Rs 6.12 lakh crore — of the full year’s target of Rs 5.46 lakh crore.

India is second fastest growing major economy in 2017 in the world: FM Jaitley

Finance minister Arun Jaitley has announced that despite the slowdown in 2016-17, as per the IMF, India was the fastest growing major economy in 2016 and second fastest growing major economy in 2017 in the world.

India ranks 5th in list of countries with highest NPA levels

According to a report by CARE Ratings, India has the highest level of non-performing assets (NPA) among BRICS countries and is ranked 5th on a list of countries with the highest levels of NPAs.

• The only countries ranked higher than India on the list are Greece, Italy, Portugal, and Ireland in order.

SPORTS

Viswanathan Anand Wins World Rapid Chess Championship

India’s ace chess player Viswanathan Anand won the World Rapid Chess tournament title in Saudi Arabia by beating Russia’s Vladimir Fedoseev 2-0 in a two-game tie-break. Saudi Arabia hosted the world chess tournament for the first time. 

APPOINTMENTS

Ex-footballer George Weah to become Liberia’s president

The former football star George Weah has won Liberia’s presidential election, defeating the vice-president, Joseph Boakai, in a runoff with 61.5% of the vote.

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