DAILY CURRENT
AFFAIRS: 4TH FEB 2017
(Daily News India)
1.
RBI DIRECTS BANKS TO WAIVE OFF TRANSACTIONS CHARGES AND DECREASE INTEREST RATE
FOR CREDIT CARDS
i.
The Reserve Bank of India has directed banks to waive off transaction charges
and lower interest rates on credit cards as a move to encourage digital
transaction.
ii.
RBI has decided that customers would not be levied any charges by banks and
prepaid payment instrument issuers for transactions up to Rs. 1,000 settled on
Immediate Payment Service, Unstructured Supplementary Service Data and Unified
Payments Interface till March 3, 2017.
iii.
It has directed banks to lower the interest on credit card dues. The interest
rates are determined by banks with the approval of their respective Board of
Directors subject to regulatory guidelines on the interest rate on advances
issued by Reserve Bank of India.
iv.
Transaction settled on IMPS and UPI above Rs. 1000 would not be levied any fee
charge however the service tax will be charged at actual. For USSD transactions
above Rs.1000 a further 50 paise discount is provided.
v.
Credit card, debit card, charge card and other payment card services by banks
have been exempted from payment of service tax for transactions of up to Rs.
2,000.
2.
GROSS NPA OF PSBS STRIKES 9.83% IN FY16 AND 11.82% BY SEPTEMBER 2016
i.
As per the data released by the Minister of State for Finance Santosh Gangwar
in the Lok Sabha, Public Sector Banks witnessed a bad loan at 9.83 % of the
gross advances in the financial year 2015-16, while the bad loans for Private
sector banks were capped at 2.70 % of the advances.
ii.
For the FY16, PSBs had gross advances of Rs. 51, 04, 915 cr. Out of this Rs
5,02,068 cr was categorized as gross non-performing assets which accounts for
9.83%.
iii.
In case of the Private sector bank of the total Rs 17,91,681 cr gross advances
made in FY16, only Rs 48,380 cr were gross NPA means only 2.70 %.
3.
CAG SUMAN SAXENA AND TWO OTHERS APPOINTED AS WHOLE-TIME MEMBERS IN IBBI
i.
Former Deputy CAG Suman Saxena, Navrang Saini and Mukulita Vijaywargiya have
been appointed as whole-time members for 5 years or till completion of 65 years
in Insolvency and Bankruptcy Board of India.
ii.
IBBI is mandated to regulate the functioning of insolvency professionals
agencies, insolvency professional and information utilities under the
Insolvency and Bankruptcy Code.
ii.
The Insolvency and Bankruptcy Code, 2016 is the bankruptcy law of India which
seeks to consolidate the existing framework by creating a single law for
insolvency and bankruptcy
4.
ANAND KUMAR GUPTA APPOINTED AS DIRECTOR OF NTPC
i.
Anand Kumar Gupta has been appointed as director of NTPC for commercial
operation.
ii.
Anand Gupta will be responsible for the activities relating to international,
commercial and domestic business development and consultancy business of NTPC.
iii.
He also headed business development department of NTPC and plant operations
& maintenance at power stations.
5.
VIRAT KOHLI TOPS T20 BATSMAN LIST IN THE LATEST ICC RANKINGS
i.
As per the latest ICC Ranking, Virat Kohli is still on the top spot with 799
points. He is followed by Aaron Finch of Australia at 2nd position with 771
points and Glenn Maxwell of Australia is 3rd.
ii.
Virat is the only Indian batsman to be raked in top 5 among all formats.
iii.
In T20 Team Ranking, India stood at 2nd spot with a rating of 124. New Zealand
was 1st and West Indies at 3rd.
iv.
Imran Tahir from South Africa was placed 1st in the T20 Bowlers ranking while
Jasprit Bumrah was 2nd and Samuel Badree of West Indies 3rd.
6.
INTEGRATED UNDERWATER HARBOUR DEFENCE & SURVEILLANCE SYSTEM LAUNCHED IN
MUMBAI
i.
Vice Admiral Girish Luthra, Flag Officer Commanding- in-Chief, Western Naval
Command inaugurated the Integrated Underwater Harbour Defence and Surveillance
System in Mumbai.
ii.
It has been developed to strengthen Harbour Defence and Security at Mumbai. It
will enhance the security of the valuable assets against surface and underwater
threat.
iii.
IUHDSS has been designed and developed by Israeli Aerospace Industries ELTA. It consists of integrated radars,
sonars and electro-optic cameras.
iv
.The sensors have been installed around Mumbai Harbour that would help to
monitor and analyze the situational awareness
OBJECTIVE QUESTIONS BASED
ON TODAY’S NEWS
Q1.
THE GROSS NPAS OF THE PUBLIC SECTOR BANKS WERE ______ PERCENT OF THE GROSS
ADVANCES MADE BY THE BANK IN THE FY 16.
a) 8.42 percent
b) 9.83 percent
c) 8.66 percent
d) 9.45 percent
Q2.
THE INTEGRATED UNDERWATER HARBOUR DEFENCE AND SURVEILLANCE SYSTEM HAS BEEN
LAUNCHED IN WHICH CITY?
a) Bangaluru
b) New Delhi
c) Mumbai
d) Kochi
Q3.
WHICH SPORTSPERSON HAS TOPPED THE T20 BATSMAN LIST IN THE LATEST ICC RANKINGS?
a) Himachal Pradesh
b) Rajasthan
c) Haryana
d) Gujarat
Q4.
WHO HAS BEEN APPOINTED THE NEW DIRECTOR (COMMERCIAL) OF NATIONAL THERMAL POWER CORPORATION
LIMITED NTPC?
a) Ramesh Sobti
b) Sanjeev Kumar Yadav
c) Upendra Sinha
d) Anand Kumar Gupta
Q5.
THE RESERVE BANK OF INDIA HAS WAIVED OFF FEE CHARGES FOR TRANSACTION UPTO RS.
______ SETTLED ON IMPS, USSD AND UPI.
a) Rs.3000
b) Rs.1000
c) Rs.2000
d) Rs.2500
ANSWERS:
1 - B 2
- C 3 - A 4 - D 5 - B
