Daily Current Affairs 31 December 2017 for Banking/Insurance/SSC and other related exams.
Nirmala Sitharaman Launches Start-up Incubation Centre in Mangalore
Nirmala Sitharaman has launched a start-up incubation centre called the Centre for Entrepreneurship Opportunities and Learning (CEOL) in Mangaluru, Karnataka.
- She has allocated Rs. 1.5 crore from her MPLAD (Member of Parliament’s Local Area Development) scheme for the development of CEOL.
Environment Ministry Launches a Regional Project to Tackle Stubble Burning
To combat climate change, the Ministry of Environment, Forest and Climate Change has approved a regional project on Climate Resilience Building among Farmers through Crop Residue Management under the National Adaptation Fund for Climate Change (NAFCC).
- The first phase of the project has been approved at a cost of approximately Rs. 100 Crore for the States of Punjab, Haryana, Uttar Pradesh and Rajasthan. The project will leverage approximately three times the approved amount with contribution from the States as well as farmers.
Haryana launches price deficit compensation scheme for farmers
The Haryana Government launched the ‘Bhavantar Bharpai’—a scheme through which the state government would compensate farmers for price deficit for vegetable produce. The government would ensure farmers got at least the base price for four vegetables—potatoes, tomatoes, onions and cauliflower—while his dispensation would compensate them for the rest.
Manipur University to host Indian Science Congress in March
Manipur Central University, Imphal, will host the 105th Session of the Indian Science Congress during March 18-22, 2018.
- The session was to be held during the traditional January 3-7 dates at Osmania University in Hyderabad. However, it was postponed by the ISCA last week as circumstances in the campus were found not to be conducive to organise the session.
BANKING & FINANCE
Federal Bank partners LuLu Exchange for cross-border remittances
Kerala based Federal Bank announced a partnership with Abu Dhabi-based LuLu Exchange to leverage blockchain technology for cross-border remittances. The two financial companies have launched and successfully tested the service using blockchain technology, which is fast revolutionising the financial and commercial world.
Bank of Baroda acquires 51 per cent foreign stake in MF arm
Public sector Bank of Baroda has entered into an agreement with Italian bank UniCredit S.p.A. to acquire its 51 per cent stake in Baroda Pioneer Asset Management Company, thus increasing its shareholding to 100 per cent. Its foreign partner Pioneer Investments, which was earlier owned by UniCredit, will exit the venture.
Indian golfer Shiv Kapur wins Royal Cup at Pattaya
Indian golfer Shiv Kapur won the Royal Cup at Pattaya, Thailand, which is his third Asian Tour title of 2017.
Renowned educationist M V Pylee passes away at 98
Renowned educationist M V Pylee has passed away due to brief age-related ailment.