PM launches Mobile App-BHIM for Aadhaar-based digital payment
1.Prime
Minister Narendra Modi has launched a mobile app Bharat Interface for
Money, BHIM to facilitate digital cash transactions with only a thumb
print after the bank account is linked with Aadhaar gateway.
ii.Addressing
Digi Dhan Mela at Talkatora stadium in New Delhi, Mr Modi said,
payments through the new system can be made by just a thumb impression.
iii.He
said, the new indigenously developed payment app BHIM has been named
after the main architect of Indian constitution, Dr B R Ambedkar.
India, Singapore sign 3rd protocol for amending DTAA
i.India
and Singapore have amended the Double Taxation Avoidance Agreement
(DTAA) for the avoidance of double taxation and prevention of fiscal
evasion with respect to taxes on income, by signing a Third Protocol on
30th December 2016.
ii.This
is in line with India’s treaty policy to prevent double non-taxation,
curb revenue loss and check the menace of black money through automatic
exchange of information, as reflected in India’s recently revised
treaties with Mauritius and Cyprus and the joint declaration signed with
Switzerland.
Cash withdrawal limit from ATMs increased to Rs 4,500 per day
i.In
a major relief for the common man, Reserve Bank of India (RBI) has
increased the daily limit of ATM withdrawal to Rs 4500 from current Rs
2500 with effective from January 1st, 2017
ii.RBI
in anotification issued stated that there has been no change in the
weekly withdrawal limit, which stands at Rs 24,000, including from ATM,
for individuals and Rs 50,000 in case of small traders.
iii. It further said such disbursals will predominantly be in the denomination of Rs 500.
Anil Baijal Takes Oath As Delhi Lt Governor
Former
bureaucrat Anil Baijal has taken oath as the Lieutenant Governor of
Delhi on 31 December 2016.Anil Baijal is a retired Indian Administrative
Service officer and is the 21st Lieutenant Governor of Delhi.His
appointment came after Najeeb Jung's sudden resignation from the post.
General Bipin Rawat takes over as next Chief of Army Staff
i.General
Bipin Rawat elected as the next Chief of Army Staff. General Rawat has
tremendous hands on experience of serving in combat areas, and at
various functional levels in the Indian Army over the last three
decades.
ii. He
has handled various operational responsibilities in many areas,
including along the LoC with Pakistan, the LAC with China, and in the
North-East.
Maharashtra sanctions Rs 2 crore for district-level sports complexes
Maharashtra
government has sanctioned disbursement of two crore rupees for the
district-level sports complexes for which Sports training department of
every district will be disbursing the funds. Education and sports
department issued a government resolution for sanctioned amount would
be the same is Rs 5.06 crore, out of which 1.95 crore rupees had been
sanctioned for disbursement.
SP chief Mulayam Singh expels UP chief minister Akhilesh Yadav, Ram Gopal Yadav from the party for 6 years
i.Samajwadi
Party chief Mulayam Singh Yadav has expelled his son and Uttar Pradesh
Chief Minister Akhilesh Yadav for six years for alleged anti-party
activities, putting the state ruling party on the brink of a split ahead
of assembly elections next year.
ii.Also expelled for six years on the same grounds is the patriarch's cousin Ram Gopal Yadav, a Rajya Sabha member.
iii.The
rift in the party — with Mulayam and brother Shivpal Yadav on one side
against the chief minister and Ram Gopal had come to the fore after
separate election candidate lists were released by both camps.
V K Sasikala takes charge as AIADMK General Secretary
i.In Tamil Nadu, V K Sasikala has taken charge as All India Anna Dravida Munnetra Kazhagam (AIADMK) general secretary.
ii. She is the sixth person and the second woman to hold the post.
iii.Sasikala Natarajan is a close confidante of Jayalalithaa, the late Chief Minister of Tamil Nadu.
RBI extends period of enhanced Prepaid Payment Instruments limit
i.Reserve
Bank of India has extended the period of enhanced Prepaid Payment
Instruments (PPI) limit of Rs 20,000 as part of efforts to promote
digital payments.
ii.Keeping
in view that Bank is undertaking a comprehensive review of the
guidelines and framework for PPI issuance in the country, it has been
decided to extend the measures till the completion of review of the PPI
guidelines.
State Bank of India ties up with Magicbricks.com
i.State
Bank of India the country’s largest bank has tied up with online
classifieds portal magicbricks.com, to conduct joint marketing activites
and help rejuvenate the real estate sector. To kick start the MOU, SBI
and Magicbricks are launching the 'Seal the Deal' campaign.
ii.Under
Seal The Deal, SBI and Magicbricks will be hosting a mega online
property show for SBI Approved Projects. This will be the first housing
carnival in the industry at this scale.
Mother Dairy launches Aadhar-enabled payment system at booths
i.To
promote cash less transactions, Mother Dairy Fruit & Vegetable Pvt
Ltd today introduced Aadhar enabled payment system in more than 1,000
milk booths and ‘Safal’ retail stores.
ii.This service would now be available in addition to the existing modes like E-wallets and SmartChange Cards.
Narinder Batra resign's as IOA associate VP
i.Senior
functionary Narinder Batra has resigned as the associate vice-president
of the Indian Olympic Association as a mark of protest against the IOA
for not taking back its decision to appoint scam-tainted Suresh Kalmadi
and Abhay Singh Chautala as honorary life presidents.
ii.Strongly
expressing his reservations over the appointments, Batra, who recently
became the International Hockey Federation (FIH) president, said he was
strongly against the backdoor entry of Kalmadi and Chautala in the IOA.
World's highest bridge opens in China
i.The
world's highest bridge has opened to traffic in China, connecting two
provinces in the mountainous southwest and reducing travel times by as
much as three-quarters.
ii.The
Beipanjiang Bridge soars 565 metres (1,854 feet) above a river and
connects the two mountainous provinces of Yunnan and Guizhou.
Romania's president appoints Sorin Grindeanu as the new Rome PM
i.Romania's
president Klaus Iohannis has appointed Sorin Grindeanu as the country's
new prime minister, the president's office announced.
ii.Grindeanu
was proposed for the position by a government coalition comprising
election winners Social Democrat Party (PSD) and junior partner
Liberal-Democrat Alliance (ALDE).
iii.The president signed the decree of Grindeanu's appointment.
India Today poll: Virat Kohli voted India's Sportsperson of 2016
i.Test captain Virat Kohli has emerged as India's Sportsperson of the Year 2016 in a poll conducted by India .
ii.
Kohli, with 44.18% votes, pipped badminton ace PV Sindhu (31.51%) for
the top spot while star all-rounder Ravichandran Ashwin came third with
13.83% of the votes.
ii.Even
though Kohli won the poll this year, all the six sportspersons who were
a part of this poll were winners in their own rights
Kush Bhagat creates history in UAE tourney, wins 3 gold medals in chess championship
i.Creating
history, Mumbai prodigy Kush Bhagat has won all three gold medals on
offer in the 1st Western Asia Youth Chess Championships.
ii.The event held at Al Ain Chess Club in UAE, he has reigned supreme in all the three categories - rapid, blitz and standard.
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