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CONTENTS • Awards and Honours • Appointments • Banking & Finance

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CONTENTS • Awards and Honours • Appointments • Banking & Finance CONTENTS • Awards and Honours • Appointments • Banking & Finance • Indian Affairs • International Affairs • Science & Technology • Sports • Obituaries • Observed Days in December 2015 IMPORTANT ANNOUNCEMENT New Initiatives of D2G 1. Read Editorial With D2G – Improve your language skills 2. InterviewMagination – A perfect guide for interview 3. Discussion Night – Place where you can ask all your doubts and interact with other aspirants. 4. Free Online Tests – Mini Practice Tests Everyday CURRENT AFFAIRS DECEMBER 2015 PDF by D2G AWARDS AND HONOURS Name of the Award Award Winner Points To Note Sangeet Samman at the ITC Violinist Lakshminarayana At the Victoria Memorial Sangeet Sammelan 2015 Subramaniam Hall, Kolkata. Indian National Bar Pulin Kumar Senior legal and compliance Association’s General director of Adidas India, Counsel of the year 2015 – Retail Award Excellence in Technology for Nirma University As a part of the Eleventh Education Delivery during FICCI Higher Education the FICCI Education Awards Summit 2015. 2015 Uttar Pradesh Ratna Award Frank Islam To recognise his achievements and outstanding contributions in a foreign country The Best Innovation Trophy INS Sindhudhwaj A submarine of the Eastern Naval Command (ENC) Forbes Top 100 Middle East Tech Mahindra A specialist in digital – Global Meets Local 2015’ transformation, consulting Award and business re-engineering Awarded honorary life Former Sri Lanka captain In recognition of his membership of the Mahela Jayawardene “stellar career” Marylebone Cricket Club (MCC) CEO of the year Nishi Vasudeva Hindustan Petroleum Corp Ltd (HPCL) Chairman and MD Lifetime achievement award Naseeruddin Shah Veteran Bollywood actor at the Dubai International Film Festival (DIFF) Mailer Center’s Annual Salman Rushdie India-born author Lifetime Achievement Prize Padma Vibhushan Dilip Kumar Indian cinema’s one of the greatest actors Aegis Graham Bell award Wipro For developing a solution for the Internet of Things (IoT) South East Asia Write Award Jamaludeen Mohamed Sali Indian-origin writer World’s Leading Airline Etihad Airways For the seventh consecutive award year Genesis Prize Israeli-American violinist For his accomplishments as a Itzhak Perlman musician, teacher and advocate for the disabled Garwood Award President Pranab Mukherjee For Outstanding Global Leader in Open Innovation from UC Berkeley-Haas School of Business Yash Chopra Memorial Rekha Veteran Bollywood actress 2 | Page WWW.DayTodayGK.com CURRENT AFFAIRS DECEMBER 2015 PDF by D2G Award BBC Overseas Sports Dan Carter Rugby World Cup-winning Personality of the Year fly-half Award APPOINTMENTS Name of the Post Name of the Person Points To Note Acting Chairman of the AK Jain He replaces Anita Kapur CBDT President of Burkina Faso Roch Marc Christian Kabore He secured 53.5% of the vote after months of political unrest Presidency of the Royal Sir Venkatraman 61st president of the society Society in London Ramakrishnan 43rd Chief Justice of India Justice Tirath Singh Thakur He replaces Justice H L Dattu President and Managing Kaher Kazem Currently chief operating Director General Motors officer (COO) of GM India (GM) Argentina’s new president Mauricio Macri Chairman of SAIL Prakash Kumar Singh He was the chief executive officer of SAIL’s Durgapur unit Ambassador to Saudia Arabia Ahmad Javed Mumbai Police Commissioner National President of the OP Longia Indian Institute of Materials Management (IIMM) South Africa’s new Finance Pravin Gordhan Indian-origin politician Minister Chairman of Central Board of Arun Kumar Jain Senior revenue service Direct Taxes (CBDT) officer UP Lokayukta Allahabad High Court judge A bench of Justices Ranjan Virendra Singh Gogoi and NV Ramana appointed him Lokayukta of Delhi Former Delhi high court judge justice Reva Khetrapal CEO of Tata Starbucks Pvt Sumi Ghosh With effect from January 1 Ltd Chief Information RK Mathur Former Defence Secretary Commissioner (CIC) 3 | Page WWW.DayTodayGK.com CURRENT AFFAIRS DECEMBER 2015 PDF by D2G BANKING AND FINANCE RBI Sees Growth Recovery But Retains GDP Projection at 7.4% As per the Central Statistics Office (CSO), India’s GDP accelerated to 7.4 per cent in the July- September quarter, overtaking China as the world’s fastest growing major economy, on pick up in manufacturing, mining and services sectors. Announcing the Fifth Bi-monthly Monetary Policy Statement of the current fiscal, Rajan said provisional estimates of gross value added (GVA) at basic prices for Q2 of 2015-16 rose on the back of acceleration in industrial activity. RBI inks info exchange pact with UK financial body The Reserve Bank has signed an agreement with the UK’s Prudential Regulation Authority and Financial Conduct Authority for supervisory cooperation and exchange of information. The Reserve Bank signed separate Memoranda of Understanding (MoUs) on Supervisory Cooperation and Exchange of Supervisory Information with Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), United Kingdom. ICBC to become Tata Group’s banking partner Tata Sons Ltd and Industrial and Commercial Bank of China Ltd (ICBC) have formed a long- term partnership, under which ICBC will become a strategic banking partner to the Tata group. Tata Sons is the principal investment holding company of $108 billion Tata Group and promoter of Tata companies. Under the alliance, ICBC will provide the Tata group with financing products, global cash management, consulting, international trade finance business, investment banking, foreign exchange, derivatives trading, and other global financial services. RBI announced revised Priority Sector Lending norms for Regional Rural Banks The Reserve Bank of India (RBI) has announced revised Priority Sector Lending (PSL) norms for Regional Rural Banks (RRBs). Among other things, the PSL target was increased to 75 percent of total outstanding from the existing 60 percent. The revised target will be effective from 1 January 2016. The PSL norms have been revised considering the growing significance of RRBs in pursuit of financial inclusion agenda. IBM signs security pact with Federal Bank for mobile app IBM has signed a deal for an undisclosed amount with Federal Bank to provide a security layer on the Federal Bank’s mobile application. The App will also warn the users in case they attempt a transaction over an insecure network or through an infected device. The app, called FedMobile, which can be used to transfer funds, make utility bill payments and utilize services such as top-up or recharge of mobile phones and payment of school fees, was developed on IBM’s MobileFirst platform. 4 | Page WWW.DayTodayGK.com CURRENT AFFAIRS DECEMBER 2015 PDF by D2G Yes Bank announced to mobilize 5 billion US dollars for climate action by 2020 YES Bank, India’s fifth largest private bank, has announced it would mobilize $5 billion towards climate finance by 2020 to help India meet its target of Intended Nationally Determined Contributions (INDCs). The bank made the declaration on the sidelines of the Conference of Parties (COP) 21 climate summit underway in Paris. The bank’s $5 billion mobilisation target from 2015 to 2020 will be done through lending, investing and raising capital towards mitigation, adaptation and resilience. Yes Bank claims leadership in the field with an exposure of 1,065 Mw of renewable energy projects including solar, wind and biomass as of March 2015. New Zealand formally becomes member of AIIB New Zealand has formally become a member of the Asian Infrastructure Investment Bank (AIIB), Finance Minister Bill English says. Ratification by members with 50 percent of the capital of the AIIB is needed for it to establish operations. New Zealand’s ratification will contribute to the organisation reaching the 50 percent threshold needed for the AIIB to establish operations. This is expected to take place by mid-December. The AIIB will have around NZ$150 billion (US$100 billion) of initial capital to promote sustainable development in the region. Its infrastructure Investments will include improving transportation links, providing sanitation and clean drinking water, and supporting cleaner and more sustainable energy. The AIIB is expected to begin operations in January 2016. RBI announces timetable reduction in SLR The RBI has announced a reduction in the share of government securities that banks have to mandatorily hold in their books in four equal phases starting from next fiscal year. The RBI has said that the bank’s Investment in government securities also known as statutory liquidity ratio (SLR) would be lowered to 20.5% by January 2017. As of now, banks are mandated to invest 21.5% of their deposits in government securities. According to the new time table SLR would be reduced to by 25 basis points to 21.25% as on April 2, 2016. It would fall to 21% by July 9, 2016. It would further be lowered from October 1, 2016 to 20.75%. The RBI said that the last round of reduction in the SLR would be one 20.50% by January 1, 2017. Sebi links commodity trade data with its surveillance systems For better surveillance of commodities derivatives market, regulator SEBI has integrated trading data flow from various commodity exchanges to its own integrated surveillance and intelligence systems. Following merger of the erstwhile commodity market regulator FMC with it earlier this year, the Securities and Exchange Board of India (Sebi) has become the unified regulator for the entire securities market. 5 | Page WWW.DayTodayGK.com CURRENT AFFAIRS DECEMBER 2015 PDF by D2G World Bank approves USD 1.5b to support clean India campaign The World Bank has approved a USD 1.5 billion loan for the ambitious clean India campaign. It aims to support the government in its efforts to ensure all citizens in rural areas have access to improved sanitation and end the practice of open defecation by 2019. As per World Bank statistics, of the 2.4 billion people who lack access to improved sanitation globally, more than 750 million live in India, with 80 per cent living in rural areas.
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