Daily Current Affairs: December 17, 2016

India remains fastest-growing large economy, beating China: EIU

The Economist Intelligence Unit (EIU), the research and analysis division of The Economist Group in its global economic outlook in December said that India continues to be the fastest-growing large economy beating China.


Pradhan Mantri Garib Kalyan Yojana comes into effect today

The latest scheme goes by the name Pradhan Mantri Garib Kalyan Yojana (PMGKDS) 2016 that is open from December 17, 2016 to March 31, 2017.

Click here to read about Pradhan Mantri Garib Kalyan Yojana.


GST can be rolled out anytime between April 1 – Sept 16, 2017

Finance Minister Arun Jaitley said that the Goods and Services Tax (GST) can be implemented anytime between April 1 and September 16, 2017, in accordance with the constitutional amendment legislation that allows a national sales tax by subsuming central and state levies.


Govt to launch Rs 40 crore drinking water project

Puducherry Chief Minister V Narayanasamy said that the Union Environment Ministry has approved a Rs 40 crore drinking water proposal by Puducherry government by treating water from Ousteri lake and supplying it to meet requirements in Puducherry and Oulgaret Municipal limits.


Kyrgyzstan’s President Almazbek Sharshenovich Atambayev to visit India from tomorrow


EC extends ‘Every Indian Vote counts’ deadline till Dec 31

In view of increasing participation by respondents to the Election Commission of India’s online creative competition for Overseas Indian Citizens (OIC) on the topic ‘Every Indian Vote Counts’, the last date for submitting entries has now been extended to December 31.

  • The winner of the competition shall get return air tickets for two to India sponsored by national carrier Air India.

Gujarat cabinet clears ordinance banning hookah bars in state

Once it comes into effect, those found operating such hookah joints in violation of the law, would face stringent action, including imprisonment up to three years.


BHEL bags Rs 200 crore railway order for traction converters

The state-owned BHEL announced that it has bagged a major order from Indian Railways for supply of IGBT-based traction converters.


State Bank MobiCash Mobile Wallet launched

Minister of Finance and Corporate Affairs, Arun Jaitley and Minister of State for Communications (Independent charge) and Minster of State for Railways Manoj Sinha jointly launched State Bank MobiCash Mobile Wallet, a product by SBI and BSNL.


Award for regional rural bank

The Dharwad-headquartered Karnataka Vikas Grameena Bank (KVGB) has bagged two awards for inclusive insurance from Skoch Group for 2016, according to a press release here.

  • The bank bagged the awards in life insurance and micro insurance sectors under the order of merit category.

Lt Gen Bipin Rawat has been appointed as the next Chief of Army Staff


Marshal Dhanoa has been appointed as the new chief of the Indian Air Force


Rajiv Jain has been appointed as the new chief of Intelligence Bureau (IB)


Anil Dhasmana has been appointed to head external intelligence agency RAW


AR Rahman in Oscar race again with ‘Pele’

Music maestro A R Rahman stands a chance to win at the Oscars once again with his work on sports biopic “Pele: Birth of a Legend”.

  • The Indian musician, who is already a double Oscar-winner for his work on “Slumdog Millionaire” in 2009, has found mention in both Best Original Score and Best Original Song long list of 89th Academy Awards.

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