Daily Current Affairs: December 5, 2016

Yes Bank partners Ola to set up 30 mobile ATMs in 10 cities

Yes Bank has partnered cab aggregator Ola to set up mobile ATMs across 30 locations in the country that will allow people to withdraw up to Rs 2,000 per card.

Need for non-disruptive mode of liquidity absorption: Report

The Reserve Bank’s move to implement incremental cash reserve ratio to absorb excess liquidity in the system is putting strain on the banks and there is a need to adopt non-disruptive mode of liquidity absorption, says a report.

  • In order to manage liquidity condition post demonetisation, the RBI on November 28 had asked banks to maintain an incremental CRR of 100 per cent on deposits accrued between September 16, 2016 and November 11, 2016.

NITI Aayog to provide Rs 5 lakh per district

To encourage each district in the country to take the digitization route without fear, the NITI Aayog will be immediately transferring Rs.5 lakh to every one of them as seed money to kick start this drive.

  • A letter has been written to district collector, commissioners and magistrates in this regard by NITI Aayog CEO Amitabh Kant, who is also member of the committee to promote cashless payments.

Indian companies in list of least empathetic in world

Empathy towards employees seems to be the last thing on the minds of Indian companies. The latest 2016 Empathy Global Index has nine Indian companies at the bottom of the pile holding positions from 140 to 150.

  • Facebook and Alphabet — the parent company of Google — top the list as the most empathetic.
  • Leading the list of least empathetic companies are Bharat Petroleum followed by Sun Pharma and ICICI Bank.

PM Narendra Modi wins TIME Magazine’s Person Of The Year – Reader’s Poll

According to TIME Magazine, Modi won with 18 per cent of the vote when the poll closed

  • Last year German Chancellor Angela Merkel was Time’s ‘Person of the Year’.
  • It is for the second time that Modi has won the online readers’ poll for Time Person of the Year title, securing the honour in 2014

Exercise Konkan 16

KONKAN 16, the 2016 edition of the annual bilateral maritime exercise between the Indian Navy and the Royal Navy, would be held from 05 -16 Dec 16 at Mumbai and Goa.

Aadhaar must for senior citizen train ticket concession from April 1

From 1st April, reservation of rail tickets for senior citizens will be directly linked to Aadhaar or Unique Identification cards on a mandatory basis for availing concessions at both counter and e-tickets. However, such a requirement will be optional during January-March 2017.

Flipkart founders Sachin Bansal and Binny Bansal named ‘Asians of the Year’

After Time Magazine put Flipkart Founders – Sachin Bansal and Binny Bansal – on the list of 100 Most Influential People in the world, the Straits Times of Singapore has chosen them for the prestigious “2016 Asian of the Year” as part of a group called the “The Disruptors.”

‘Amazon Launchpad’ comes to India; will support Indian startups

Amazon.in announced the launch of its global program the Amazon Launchpad in India, which will help startups in the country.

Website to educate Women about their Legal Rights launched in India

Tasmania-based Women’s Legal Service in collaboration with TRS Law Offices (India) has launched a website as www.Girlsgottaknow.in for women in the country to educate them about their legal rights.

Italy PM Matteo Renzi steps down after referendum lost

New Zealand Prime Minister John Key announces surprise resignation

New Zealand Prime Minister John Key unexpectedly announced his resignation, saying it was the “right time” to leave politics after more than eight years in power.

Uzbek Prime Minister Mirziyoyev elected president

Uzbek Prime Minister and acting President Shavkat Mirziyoyev was elected the country’s President Presidential election with an overwhelming vote.

Yapiily: India’s first online flea market

Online flea market app Yappily, which lets a buyer and seller interact and transact in 10 seconds literally.

International Volunteer Day for Economic and Social Development: December 5 

International Volunteer Day for Economic and Social Development is observed every year on December 5 to show volunteers contributions at the international, national and local levels in order to get the Millennium Development Goals.

World Soil Day: December 5

Every year World Soil Day is observed on the 5th of December to celebrate the
importance of soil as a critical component of the natural system and as a vital contributor to human well-being.

  • Theme for the year 2016: “Soils and pulses, a symbiosis for life”



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