Current Affairs Daily Digest: December 14, 2016
The Current Affairs Daily Digest for December 14, 2016 with important tid-bits on current affairs.
National Current Affairs
India to contribute 5 lakh US Dollars to CERF for year 2016-17
- India is going to contribute $5 lakh to the United Nations’ Central Emergency Response Fund (CERF) for the year 2016-17. CERF allocates approximately 450 million US Dollars in a year for humanitarian operations in about 50 countries. So far India has contributed six million Dollars to the fund.
Sushma Swaraj named Global Thinker for ‘novel Twitter diplomacy
- Union External Affairs Minister Sushma Swaraj has been named as one of 15 Foreign Policy Global Thinkers. She has named in the decision-makers category for fashioning a novel brand of Twitter diplomacy. The list has been compiled by the Foreign Policy magazine. 14 other notable thinkers in the list include Hillary Clinton, Angela Merkel and Justin Trudeau.
NGT imposes interim nationwide ban on manja for flying kites
- The National Green Tribunal (NGT) has imposed an interim nationwide ban on use of glass-coated ‘manja’ for flying kites as the sharp string poses a danger to humans, animals and bird. The ban order will apply on nylon, Chinese and cotton manja coated with glass.
Paytm partners with NHAI for digital payments at toll plazas
- Digital payments platform Paytm has partnered with major National Highways Authority of India (NHAI) toll concessionaries to enable cashless payments at all state, national and city toll plazas. This partnership will facilitate commuters across the country pay their toll charges instantly using Paytm mobile application by scanning the QR code placed at toll payment counters.
Banking, Business & Economy Current Affairs
Trade between India, China expected to be $65 billion for 2016
- The bilateral trade volume between India and China is expected to be more than 65 billion US dollar for 2016. The bilateral trade between both countries was 52.14 billion US dollar for January to September 2016.
RBI directs banks to keep record of issuance of new currency notes
- Reserve Bank of India (RBI) has directed banks to keep daily record of new currency notes. It comes in view of seizures by Income Tax Department and other law enforcement agencies of large quantities of high denomination notes after post demonitisation drive.
India’s growth projection at 7.0%: ADB
- The Asian Development Bank (ADB) has lowered its growth forecast for Indian economy to 7.0% as an aftermath of demonetization. This is much slower than earlier projected growth rate of 7.4%. The growth rate was trimmed because of weak investment, slowdown in agriculture and due demonetization. However, the growth forecast for 2017 is at 7.8%. China’s growth forecasted was at 6.6% and for 2017 was 6.4%.
CPI falls to two-year low in November 2016 due to demonetisation
- The Consumer Price Index (CPI) came down to 3.63% in November 2016 as against 4.20% reported in October 2016. The decline in inflation was largely due to the demonetisation of high-denomination currency notes announced by Union Government on 8 November 2016 which led to crash in perishable items in the farm markets. This was the lowest inflation rate in consumer prices since November 2014 when the rise in the retail inflation was reported at 3.27%.
Cyrus Mistry removed as director of TCS
- Cyrus Mistry was removed as the director of Tata Consultancy Services, India’s biggest software company. He was removed by 93% of the votes of TCS shareholders. Earlier, he was also removed earlier as chairman of Tata Teleservices by its board in extra ordinary general meeting.
International Current Affairs
Qatar abolishes ‘kafala’ labour system
- Qatar has formally announced the end of its controversial “kafala” labour system. Under this controversial system, all foreign workers working in Qatar were required a local sponsor, in the form of an individual or company, and need their permission to switch jobs or leave the country. The system was compared to modern-day slavery and left vulnerable workers with little protection and open to abuse. This announcement is considered as biggest ever labour reform undertaken by Qatar, the host of the 2022 football World Cup.
Cuba signs Internet deal with Google
- Cuban government has signed a deal with Internet giant Google to provide faster access to Google’s data. The deal allows Google to install servers on the island nation which will store much of the company’s most popular content. Earlier, Cuba was dependent on Google server’s located in Venezuela as US has had virtually no economic ties with Cuba. Thus, this deal removes one of the many obstacles to a normal internet in Cuba, which at present suffers from some of world’s most limited and expensive access.
Sports Current Affairs
Andy Murray, Angelique Kerber named ITF Players of the Year
- Andy Murray and Angelique Kerber were named ITF (International Tennis Federation) World Champions of the year 2016. Andy Murray (Britain) has won 9 titles in this year and sealed the year-end rankings top spot. Angelique Kerber (Germany) has won Australian and US Open titles as well as a silver medal in Rio Olympics. She is the first German to win this award since Steffi Graf claimed in 1996.
Sochi will not host Bobsleigh & Skeleton World Championships 2017
- The Russian city of Sochi will not host the 2017 Skeleton and Bobsleigh World Championships over the issue of state-sponsored doping in Russia. It was announced by the International Bobsleigh and Skeleton Federation. A new host city will be named for the February 2017 event in the forthcoming days.