DAILY GK UPDATES 28TH NOVEMBER 2016

DAILY GK UPDATES 28TH NOVEMBER 2016

 

NATIONAL UPDATES:

1. e-Commerce firms like Flipkart and Snapdeal to deduct TCS under GST: As per the new GST law, E-commerce giants Flipkart and Snapdeal will have to deduct 2% TCS(Tax Collected at Source) while making payments to their suppliers and deposited TCS amount with the governmentE-commerce firms like Flipkartand Snapdeal to deduct TCS under GST. The new model GST law provides for 1 per cent TCS and 1 per cent tax levied on inter-state movement of goods. It will not apply to aggregators like Ola,Uber etc.

 

2. UNESCO Salon Competition: Toonz wins award for ‘Magical Piano’: 'Magical Piano', a short film by the Toonz Media Group has won an award at the prestigious UNESCO Salon Youth Video Competition 2016. Dr Avaneesh, Head of Development, ToonzMedia Group received the award from Salon Films Chairman Fred Wang and UNESCO chief of Public Relations and Partnerships, Armelle  Arrou.  ‘Magical Piano’ is the story of a child who receives a magical piano for his birthday. The story was written by Mayul Verma from Agra, India.

 

3. Delhi has overtaken Mumbai to become India’s economic capital: Oxford Economics Study: According to data released by Oxford Economics, Mumbai is at number 31 among 50 top metropolitan economic entities globally in 2015, while Delhi is at 30. The Delhi extended urban agglomeration (EUA) had a Gross domestic product (GDP) at Purchasing Power Parity (PPP) of $370 billion. Mumbai EUA had a GDP of $368 billion.

 

4. PM Modi flags off state of art Hamsafar train from Kushinagar, UP: PM Narendra Modi flagged off the Humsafar train between Gorakhpur and Delhi`s Anand Vihar terminus from Kushinagar in Uttar Pradesh.

 

5. Railways and IRCTC include transgender as the third gender: Indian Railways and IRCTC have included "transgender as the third gender" in the option alongside male and female in ticket reservation and cancellation forms.

 

 

6. PM launches Indian Police app that helps you locate nearest police stations: An app launched by Prime Minister Narendra Modi on 27th November helps the citizen locate the nearest police stations wherever he or she is Not just that, the Indian Police app provides the names of the police stations, the telephone numbers, the distance from the place where you are and how much time it will take to reach whichever police station one wants to go to.

 

 

7. Amitabh Bachchan starrer Pink to be screened at UN Headquarters on Special Invitation: Pink, the Amitabh Bachchan starrer Bollywood film, has been invited by the Assistant Secretary-General of the United Nations for a special screening at its headquarters in New York, USA.

 

INTERNATIONAL UPDATES:

1. Pakistan appoints Gen. Qamar Javed Bajwa as Army Chief of Staff: Lt. Gen Qamar Bajwa has been appointed as the chief of Pakistan Army by the Prime Minister Nawaz Sharif. He will replace Gen RaheelSharif who will retire on November 29, 2016.

 

OTHER UPDATES:

FINANCE/BANKING:​

1. Insolvency and Bankruptcy Board sets up two advisory panels: The Insolvency and Bankruptcy Board of India (IBBI) has sets up 2 high-level committees under the Insolvency and Bankruptcy Code to consolidate and amend laws relating to reorganisation as well as insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner. The Advisory committee on service providers consists of 9 members; the panel is led by educationist Mohandas Pai. Corporate insolvency and liquidation panel is chaired by noted banker Uday Kotak.

 

2. Ola teams up with SBI, PNB for setting up mobile ATMs: Indian online transportation Network Company Ola cabs has tied up with lenders like State Bank of India (SBI) and Punjab National Bank (PNB) to set up mobile ATM in the cab to help people withdraw cash easily. Ola will first introduce the service on the test basis in its cabin Kolkata and Hyderabad where the taxis with POS machine and a bank officer will be parked at different locations and an amount of Rs. 2,000 can be withdrawn per card.

 

SPORTS:

3. IAS officer wins gold in Para-Badminton Championship: Uttar Pradesh-based IAS officer SuhasLY won the Asian Para-Badminton Championships in Beijing after defeating Indonesia's Harry Susanto 21-4, 21-11 in the final.

 

OBITUARIES:

4. Marathi litterateur Anand Yadav passes away at the age of 80.

 

DAILY GK UPDATES 27TH NOVEMBER 2016

DAILY GK UPDATES 27TH NOVEMBER 2016

 

NATIONAL UPDATES:

1. RBI introduces Incremental CRR to manage excess liquidity in Banking System: In order to absorb the surge in liquidity in banking system following demonetisation of high value notes, the Reserve Bank introduced an incremental Cash Reserve Ratio (CRR) of 100 per cent for the fortnight which began from 26th November 2016. CRR is the portion of the deposits which banks are required to park to the RBI. Currently it is at 4 per cent.

 

2. IFFI nominates 8 movies for ICET UNESCO Gandhi Medal: The International Film Festival of India (IFFI) has nominated eight movies for this year’s International Council for Film, Television and Audio-visual Communication UNESCO Gandhi Medal. Festival Director Senthil Rajan said, Allama is the only Indian film competing for the prestigious award. The remaining seven are from Canada, Spain, Iran, Turkey, Israel, The Netherlands and Latvia. All 8 films are being screened at the ongoing IFFI in Panaji, Goa.

 

3. Assam Hill Station to host festival on sports, culture: Assam's picturesque hill station Haflong will host the three-day 'Judima Festival' next month. The theme of the festival, to be held on December 18-20, will be centered on preservation, promotion and nurturing of ethnic culture, music, dance, craft and folk-art of Dimasa tribals living in Dima Hasao district of the state.

 

4. Jharkhand adopts new bill to curb job racket: The Jharkhand government has introduced a strict law against placement agencies to rein in those 

involved in exploiting people on the pretext of giving employment outside the state. The government framed ‘Jharkhand Nizi Niyozan Abhikaran and GhareluKamgar (viniyam) vidheyak 2016 (Jharkhand private employment agency and domestic employee bill) which was passed by the assembly recently..

 

5. Old Rs 500 notes valid for stamp purchase in UP till December 15: The Uttar Pradesh government has decided to allow old currency notes of Rs 500 for purchasing stamps. Giving this information, Inspector General of Registration Anil Kumar said that in this regard necessary orders have been issued.

INTERNATIONAL UPDATES:

1. New Zealand and Australia most searched by Indian Travellers: Skyscanner has drawn comparisons between travel searches from 2015 and 2016, highlighting the places where Indian travellers will be ushering in 2017. Crunching numbers from over 50 million users every month, New Zealand emerged as a favourite among Indian travellers, witnessing a growth of 52 per cent in travel searches from last year. With a host of airlines offering economical deals to the country, New Zealand is now well within the reach of the aspriring traveller.

 

OTHER UPDATES:

SPORTS:

1. Sachin 3rd Indian Boxer to win gold at Youth World Championship: Sachin Singh became only the third Indian boxer to win a gold medal at the Youth World Championships after registering a 5-0 unanimous win over Cuba's Jorge Grinan in St. Petersburg, Russia. The 16-year-old boxer, who fought in the 46-49 kg weight category, will be given Rs.1 lakh as a reward for his performance at the championship.

 

2. PV Sindhu loses Hong Kong Open Super Series Final: She lost to fourth seed Tai Tzu Ying of Chinese Taipei, in straight games, 15-21 and 17-21. This was Ying's fifth victory over Sindhu. The ace Indian has defeated the Taiwanese thrice in the past.