Daily Current Affairs 27 December 2019 for Banking/Insurance/SSC and other related exams.
NATIONAL NEWS
Nirmala Sitharaman releases postage stamp to commemorate contribution of DRI
Finance Minister Nirmala Sitharaman released a postage stamp to commemorate the distinguished service and glorious contribution by the Directorate of Revenue Intelligence (DRI) in protecting the nation.
- Sitharaman congratulated the DRI on the excellent performance of its officers and remarked that the apex intelligence agency continues to play an immense role in countering smuggling as well as in preserving the cultural heritage and environment of the country.
More than 1 cr houses sanctioned under PM Awas Yojana (Urban)
The government said that under Pradhan Mantri Awas Yojana (Urban) more than one crore houses have been already sanctioned out of a validated demand of 1.12 crore houses in urban areas. He said a total of 57 lakh houses are in various stages of construction of which, nearly 30 Lakh houses have been completed.
- PMAY (U) is one of the largest affordable housing programmes in the world.
All villages to have free WiFi services by March 2020: Govt
Communication and IT Minister Ravi Shankar Prasad has said that free WiFi services will be provided to all villages across the country through Bharatnet till March next year.
- Inaugurating Digital Village Gurawara in Rewari in Haryana, Mr Prasad said, the Ministry has already connected one lakh 30 thousand gram panchayats through Bharatnet. He said, the target is to take this to two lakh 50 thousand gram panchayats.
- Mr Prasad also said, the target of the government is to convert at least 15 per cent of villages to the digital village in the next four years.
Vice-President dedicates LPG bottling plant at Balangir in Odisha to the nation
Vice-President M Venkaiah Naidu dedicated to the nation, the LPG bottling plant at Balangir in Odisha via video conferencing from Raipur in Chhattisgarh.
- The bottling plant has been established at an expenditure of 103 crore rupees and has capacity of manufacturing 42 lakh cylinders annually. The bottling plant will benefit residents of 14 western Odisha districts.
Haryana to observe 2020 as good governance year, to invite public suggestions
Haryana government will observe 2020 as “Susashan Sankalp Varsh” during which suggestions and reforms in governance would be invited from the people, Chief Minister Manohar Lal Khattar announced.
- People could offer their suggestions on a dedicated website which would be launched for the purpose. The best suggestion would be considered by the state government.
Bhubaneswar-New Delhi-Bhubaneswar Rajdhani Express depicting Odisha’s Art and culture flagged off
The Bhubaneswar-New Delhi-Bhubaneswar Rajdhani Express which has been transformed with the display of Odisha’s art, culture and heritage was flagged off by the Union Minister Dharmendra Pradhan. The train has been draped in high-quality designs on vinyl wrapping showcasing dance forms, archaeological monuments, traditional Pattachitra, and flora and fauna of Odisha.
National Tribal Dance Festival begins in Raipur
National Tribal Dance Festival has begun in Raipur, the capital of Chhattisgarh. Congress leader Rahul Gandhi inaugurated the festival. The inaugural function was presided over by Chief Minister Bhupesh Baghel.
- The National Tribal Dance Festival is being organized in Chhattisgarh for the first time. More than 1300 participants from 25 states & UTs of the country and six countries are participating in this three-day dance fest.
BANKING & FINANCE
Allahabad Bank, IOB, UCO to get ₹8,655 crore for preferential allotment
The government has approved releasing ₹8,655 crore to three public sector lenders — Allahabad Bank, Indian Overseas Bank (IOB) and UCO Bank — for preferential allotment of shares.
- The Ministry of Finance has approved infusing fresh capital amounting to ₹2,153 crore in Allahabad Bank, ₹2,142 crore in UCO Bank and ₹4,630 crore in IOB via for preferential allotment of shares.
- Fresh capital infusion by the government is a part of the announcement made by Finance Minister Nirmala Sitharaman, in her maiden Budget on 5 July.
BUSINESS & ECONOMY
India’s financial system stable despite weakening domestic growth: RBI
The Reserve Bank of India (RBI) released the Financial Stability Report, which states that the financial system of the country is stable.
- “India’s financial system remains stable notwithstanding weakening domestic growth; resilience of the banking sector has improved. Risks from global or domestic economic uncertainties and geopolitical developments, however, persist,” says the report.
RBI caps lending on P2P platforms at Rs 50 lakh
The Reserve Bank of India has capped the permissible exposure limit of a lender on a Peer-to-Peer lending (P2P) platform for all borrowers. The aggregate exposure has been set at Rs 50 lakh at any given point of time. The step has been taken to protect the consumers interest.
- The lender investing more than Rs 10 lakh across P2P platforms has to produce a certificate to P2P platforms from a practising Chartered Accountant certifying minimum net-worth of Rs 50 lakh. The central bank also stated that the “Escrow accounts” to be operated by bank promoted trustee for transfer of funds need not be mandatorily maintained with the bank which has promoted the trustee. It also mandates that all the transactions through bank accounts, and cash transaction are strictly prohibited.
India ranks 47th globally in home price appreciation: Knight Frank
The Knight Frank Global House Price Index Q3 2019 released recently ranked India at 47th spot among 56 countries tracked in terms of appreciation in residential real estate prices with a marginal 0.6 per cent year-on-year rise in home prices.
- Hungary leads the index this quarter with 15.4 per cent annual price growth, followed by Luxembourg at 11.4 per cent and Croatia at 10.4 per cent.
SPORTS
Boxer Sumit Sangwan banned for one year for consuming prohibited substance
Former Asian Games silver medalist boxer Sumit Sangwan has been banned for one year with immediate effect by the National Anti Doping Agency (NADA) for failing doping test.
AWARDS
AAO bestows Life Achievement honour to Dr Santosh G Honavar
Dr Santosh G Honavar, India’s ophthalmologist is conferred with the American Academy of Ophthalmology’s (AAO) highest award Life Achievement honour that is given to its members. He is the first Indian chosen for the honour. American Academy of Ophthalmology is the world’s largest association of eye specialists.
OBITUARIES
American songwriter Allee Willis passes away
The American songwriter Allee Willis passed away recently. She penned the iconic “I’ll Be There For You” track for the long-running television show “Friends”. She has several other hits under her name like Earth, Wind and Fire, which was inducted into the Songwriters Hall of Fame in 2018. She won a Grammy in 1985 for her work on the soundtrack for “Beverly Hills Cop“.
Click here to read Daily Current Affairs
38884 722145I really like your writing style, great information, appreciate it for posting : D. 310015
Wonderful blog! Do you have any helpful hints for
aspiring writers? I’m planning to start my own site soon but I’m a little lost on everything.
Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally overwhelmed ..
Any recommendations? Appreciate it!
Just want to say your article is as amazing. The clearness to your submit is just nice and i could suppose you’re an expert on this subject.
Fine with your permission allow me to take hold of your
RSS feed to stay up to date with impending post. Thanks 1,000,000 and please keep up the enjoyable work.
763834 323014Be the precise blog should you have wants to learn about this topic. You comprehend considerably its nearly onerous to argue to you (not that I personally would needHaHa). You undoubtedly put a new spin for a topic thats been discussing for some time. Good stuff, simply nice! 869781
Pretty! This has been an extremely wonderful post.
Thank you for providing this information.
I am sure this post has touched all the internet users, its really really good post
on building up new weblog.
Your style is very unique in comparison to other people I’ve read stuff from.
Thanks for posting when you’ve got the opportunity, Guess I’ll just bookmark
this page.
I got this web site from my friend who shared with me regarding this
web page and now this time I am browsing this website and reading very informative articles at this
time.
Wow, incredible blog structure! How long have you
been blogging for? you made blogging glance easy. The whole look of your site is great, let alone the content!
This excellent website really has all the info I needed
about this subject and didn’t know who to ask.
Great post.
Hello there! This is kind of off topic but I need some help from an established blog.
Is it difficult to set up your own blog? I’m not very techincal but I
can figure things out pretty fast. I’m thinking about creating
my own but I’m not sure where to start. Do you have any tips or suggestions?
With thanks
Why users still use to read news papers when in this technological globe all is available on net?
I was suggested this web site by my cousin. I am not sure whether this post is written by him as no
one else know such detailed about my trouble. You are wonderful!
Thanks!
For most recent news you have to go to see web and on web I found this web page as a most
excellent website for most up-to-date updates.
Thank you a bunch for sharing this with all folks you actually recognise what you
are speaking about! Bookmarked. Please also visit my site
=). We will have a hyperlink exchange agreement among
us
We stumbled over here different web address and thought I might check things
out. I like what I see so now i’m following you. Look forward to finding out about
your web page yet again.
I all the time emailed this blog post page to all my associates, because if like to read it after that my links will too.
Hi everyone, it’s my first visit at this web site, and piece of writing is truly fruitful
designed for me, keep up posting such articles.
This text is worth everyone’s attention. When can I find out more?
Aw, this was a very nice post. Finding the time and actual effort to generate a good article… but what can I say… I
procrastinate a whole lot and don’t seem to get nearly anything done.
I am not sure where you are getting your info, but great topic.
I needs to spend some time learning much more or understanding more.
Thanks for fantastic information I was looking for this info for my
mission.
I’m gone to convey my little brother, that he
should also pay a visit this web site on regular
basis to obtain updated from newest news.