NATIONAL UPDATES:
1.
ISRO launches PSLV-C36 carrying remote sensing satellite: The Indian Space Research Organisation (ISRO) has launched PSLV
C36 Resource Sat-2A from the SatishDhawan Space Centre in Sriharikota, Andhra
Pradesh.
2.
Hindi language in the top 10 most powerful languages: The World Economic Forum (WEF) has named Hindi
language ranked 10th in the top 10 most powerful languages on the planet. The
list features English as the most powerful language followed by Mandarin. The
index applied for the consensus took into account various factors including geography,
economy and diplomacy. The WEF further forecasted the list for 2050, with Hindi
climbing one spot to ninth.
3. RXIL gets RBI nod for 1st
trade receivable exchange platform: The Reserve Bank of India has authorised the Receivables Exchange
of India (RXIL), promoted by Sidbi and NSE, to launch the country's first trade
receivables exchange platform for MSMEs, buyers and financiers.
4.
IOC, BPCL, HPCL join hands to set up India’s biggest oil refinery: The three firms signed the pact for the
60-million tonne a year refinery in Maharashtra with IOCBSE 2.78 % as leader of
the consortium. IOC will hold a 50 % stake in the project while BPCL and HPCL
will have 25 % each.
5.
Mahila E-haat ties up with India Post, SBI: The Women and Child Development Ministry has
tied up with India Post and SBI. This will offer more payment options to buyers
and simplify shipping of products bought from "Mahila E-haat", an
online marketing platform for women entrepreneurs.Now, SBI customers abroad can
make use of "SBI Global".
6.
The Lifeline Express to get two more coaches for cancer treatment: The world’s first hospital train, Lifeline
Express is all set to get two additional coaches for cancer treatment. The
decision was announced by the Ministry of Railways on 6th December 2016. Railway Minister Suresh Prabhu along with
Health Minister JP Nadda will be inaugurating the new additions. The coaches
are purely equipped for detection and control of oral, cervical and breast cancer
and prevention of stroke. They will be accompanied by three fully equipped
operation theatres.
7.
Ambedkar’s birth anniversary to be observed as ‘Water Day’ in the country: Dr BR Ambedkar's birth anniversary to be
observed as 'Water Day' across the country on 14 April, will be observed as
“Water Day” across India. The day will be observed to mark Ambedkar’s
contribution in water resource management of the country.
8. India to train Vietnam’s Sukhoi
fighter pilots: In order to further
boost its growing defence ties with Vietnam, India has agreed to train the
southeast nation’s Sukhoi-30 fighter pilots. ii. The agreement regarding the
same was signed during bilateral discussions between Defence Minister
ManoharParrikar and his Vietnamese counterpart, General Ngo Xuan Lich, in New
Delhi.
9. Russia and India to hold naval drills: The Russian-Indian- Indra NAVY-2016 naval
exercise will be held from 14th to 21st December. The exercise will be held in
the city of Visakhapatnam and in the Bay of Bengal. The first Russian-Indian
naval exercises were held in May 2003.
10.
Joint maritime exercise ‘Konkan 16’ between India and UK begins: The annual bilateral maritime exercise Konkan-16
between the Indian Navy and the Royal Navy (British Navy) started in Mumbai,
Maharashtra. The 2016 edition of the exercise (from 05 to 16 December 2016)
will play an important chapter in the maritime interactions.
INTERNATIONAL
UPDATES:
1.
Singapore tops Global Education Rankings: Singapore has the highest achieving students in
international education rankings, with its teenagers coming top in tests in
maths, reading and science. The influential Programme for International Student
Assessment, Pisa rankings, run by the Organisation for Economic Co-operation
and Development, OECD, are based on tests taken by 15-year olds in more than 70
countries.
OTHER UPDATES:
FINANCE/BANKING:
1.
RBI leaves repo rate unchanged at 6.25%: The Reserve Bank of India (RBI) has kept its key
policy rate, the Repo Rate (RR), at 6.25 %. This was the second meeting of the
Monetary Policy Committee (MPC) since its formation two months ago. It was the
second monetary review of Urjit Patel, since his taking over as the Governor of
RBI on 6th September this year. The Reserve Bank of India (RBI) has lowered the
growth forecast by 0.5% to 7.1% for 2016-17.
2. RBI withdraws incremental CRR OF 100% amid
note ban: The Reserve
Bank of India has withdrawn the incremental cash reserve ratio (CRR) of 100%. The
incremental ratio was effective from the fortnight beginning November 26 as a
temporary measure to absorb excess liquidity in banking system following demonetisation.
AWARDS:
3.
MSME Award for Corporation Bank: Corporation Bank has bagged the ‘Best MSME Bank Award 2016’ instituted
by Assocham. Corporation Bank is a public sector banking company
headquartered in Mangalore, India.
4.
Vijaya Bank bags SME Award: Vijaya Bank has been adjudged ‘Best Bank for SME Lending award’ by
Assocham. The award was received by Kishore Sansi, Managing Director & CEO
of the bank under ‘Best SME Lending’ category for public sector banks at the
fourth SMEs Excellence Award function in New Delhi.
5. BEML bags CII
National Quality Award: Bharat Earth Movers Limited Ltd (BEML) has bagged the ‘CII National
Quality 2016 Award’. The award has been jointly instituted by the
Confederation of Indian Industries (CII) and Export Import Bank (EXIM).
6. Artist Helen Marten
wins 2016 Turner Prize: Multimedia artist Helen Marten on 5 December 2016 won the Turner Prize,
which is Britain’s top award for contemporary art. The prize comes with a cash
award of about USD 31800.
OBITUARIES:
7.
Noted Journalist Cho Ramaswamy passes away: Political satirist and founder editor of Thuglak
magazine, SrinivasaIyerRamaswamy is popularly known as Cho Ramaswamy passed
away due to cardiac arrest in a Chennai hospital on 07 December. He was 82
years old. He was an advisor to former Tamilnadu Chief Minister J Jayalalithaa.