Daily Current Affairs 11th December, 2016
China launches Tibet-Nepal cargo service
- China has launched a new cargo service linking Tibet and Nepal as part of its One Belt and One Road (OBOR) initiative.
- It links Guangdong, Tibet and Nepal and aims to boost trade with the South Asian neighbours.
Iran signs contract to buy 80 Boeing planes from US firm
- This agreement was signed after US had lifted many of its sanctions on Iran in line with a nuclear agreement that came into effect in January 2016.
Madhya Pradesh Government launches Narmada Seva Yatra
- It was launched at Amarkantak by Chief Minister Shivraj Singh Chouhanto turn the Narmada into a pollution free river.
- It aims to create awareness about the conservation of the river.
India-UK Conference on Ease of Doing Business concluded
- The India-UK Conference on Ease of Doing Business concluded in New Delhi on 10 December 2016.
- This conference on Ease of Doing Business would act as an opportunity to enhance the strategic bilateral partnership between the two nations to the next level.
SBI Cards to launch Rs 25,000 limit credit cards soon
- The SBI Cards & Payment Services (SBI Cards) will soon launch a credit card with a cap of Rs 25,000 for those at the lower strata of the society, who have the capacity to pay but don’t have cards.
- After government’s decision to ban old banknotes of Rs 500 and Rs 1,000, SBI Cards has been witnessing a surge in card usage and expects to add 20-25 per cent more customers.
Government to amend RBI Act to annul old Rs 500, 1,000 notes
- The Union Government will amend the Reserve Bank of India (RBI), Act 1934 to extinguish the validity of old Rs 500 and Rs 1000 following the demonitisation of these notes.
- Reference to this effect would be made in the upcoming Budget in February 2017.
India to get Rafale fighter jets in 3-yr time
- India will get the first tranche of Rafale fighter jets from France in the next three years.
- Within five and a half years Indian Air force will have two full squadron of aircrafts in operation.
Facts about Dassault Rafale
- The Dassault Rafale( meaning “gust of wind”, and “burst of fire” in a more military sense) is a French twin-engine, canard delta wing, multirole fighter aircraft designed and built by Dassault Aviation.
- India will pay about Rs. 58,000 crore or 7.8 billion Euros for 36 off-the-shelf Dassault Rafale twin-engine fighters. About 15 per cent of this cost is being paid in advance.
- India will also get spares and weaponry, including the Meteor missile, considered among the most advanced in the world.
- The IAF’s Rafales will come equipped with the Meteor designed to knock out enemy aircraft and cruise missiles significantly more than 100 km away.
- The acquisition of this weapon is likely to be game changer in South Asia. Neither Pakistan nor China, India’s traditional military adversaries, possess a weapon of the same class.
PERSONS IN NEWS
Viola Desmond first Canadian woman on banknote
- A black civil rights leader who led a struggle against anti-black segregation and racism in Canada in the 1940s will be the first Canadian woman to figure on a banknote.
- Viola Desmond will appear on the Canadian $10 bill – replacing the nation’s first prime minister John A Macdonald who will be moved to a higher bill – when new banknotes go into circulation in 2018.
About Viola Desmond
- Born Viola Irene Davis July 6, 1914 Halifax, Nova Scotia
- Died February 7, 1965 (aged 50),New York, New York
- She was a Black Nova Scotian businesswoman who challenged racial segregation at a film theatre in New Glasgow, Nova Scotia in 1946.
- She refused to leave a whites-only area of the Roseland Theatre and was unjustly convicted of a minor tax violation used to enforce segregation.
Iqbal Sayed becomes first Indian to medal at Mr Olympia
- Mumbai’s Iqbal Sayed became the first Indian to win a medal at the Mr Olympia event, after securing a silver medal in the event.
Rajendar Kumar Appointed New CBDT Member
- Senior Indian Revenue Service officer Rajendra Kumar has been appointed as the new Member of the Central Board of Direct Taxes (CBDT), the policy making body for the Income Tax Department.
Virat Kohli Becomes First Indian Captain To Score Three Double Centuries
- Virat Kohli became the first Indian to score three double hundreds in a year, playing against England on 11th December 2016.