Daily Current Affairs Capsule 7th Jan 2017

RBI to provide 1 billion to Nepal.

The Reserve Bank of India (RBI) has agreed to provide Rs 1 billion to the Nepal Rastra Bank (NRB) after its request that the country was facing a shortage of INR 100 denomination banknotes.


North Eastern Tourism Development Council.

The government has announced the formation of exclusive “North-Eastern Tourism Development Council” (NETDC) on a public-private partnership (PPP) mode under the auspices of Union Ministry of DoNER.

This is for the first time that the Government has decided to set up a separate tourism development agency, devoted to a particular region of the country.


New Delhi World Book Fair to Celebrate 60 Years of National Book Trust.

New Delhi World Book Fair has begun. The Fair is being organized in collaboration with India Trade Promotion Organisation.

National Book Trust is celebrating 60 years of its foundation and it will showcase its journey in promoting books and reading at a special exhibit ‘This is no looking back!’

The World Book Fair which is being organized in the national capital from January 7-15 at Pragati Maidan.


Axis Bank retains top slot in debt investment banking.

Axis Bank has left behind large foreign banks, known for their investment banking skills, as it has retained the top investment banking rank in the past 10 consecutive years.

HDFC Bank and State Bank of India were other top two banks in the Bloomberg 2016 league table beating global biggies.


Sir Tim Barrow appointed as Britain’s EU ambassador.

Sir Tim Barrow has been appointed as Britain’s new EU ambassador after a life-long career in the foreign office which has seen him serve in senior roles twice before in Brussels.

He also served as Britain’s ambassador to Moscow between 2011 and 2015, one of the most testing periods in relations between the two countries.


Norway to become first country to switch off FM radio.

Norway is set to become the first nation to start switching off its FM radio network next week, in a risky and unpopular leap to digital technology that will be closely watched by other countries considering whether to follow suit.

he shutdown will begin on January 11 in the northern city of Bodoe.


Arun Jaitley chairs 16th meeting of Financial Stability and Development Council.

The government expects its measures on elimination of the shadow economy and tax evasion to have a positive impact on GDP and fiscal consolidation in the long run, finance minister Arun Jaitley said while chairing the Sixteenth Meeting of the Financial Stability and Development Council (FSDC).

The Council, which has heads of all financial sector regulators as its members, reviewed the major issues and challenges facing the economy in its 16th meeting held on Thursday.

The Council also reviewed the status of NPAs of public sector banks and the measures taken by the government and the RBI for tackling the stressed assets and discussed about further action to be taken in this regard, the statement said.

The Council reviewed the major issues and challenges facing the economy and noted that India appears to be much better placed today on the back of improvement in its macroeconomic fundamentals.


m-Parivahan( a citizen centric app that will facilitate access to various transport related services).

The app provides for virtual driving license and registration certificate through back end connection to Transport National Register.

If a vehicle number is entered into the app, it will give full details of the car and the owner including his DL and RC. This will provide a way to check genuineness of a vehicle and driver, help in passenger safety when hiring a driver or when buying a second hand vehicle.

The app will also facilitate good Samaritans through technology. They can report accidents by clicking pictures and reporting to traffic authorities in states and to RTOs, with the option of hiding their identity if they so wish.

They can also report traffic violations. States will be asked to provide linkages to the 108 service for better response.

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