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GK POWER CAPSULE FOR SYNDICATE & INDIAN PO MAINS

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GK POWER CAPSULE FOR SYNDICATE & INDIAN PO (MAINS) 2017 MUST DO CURRENT AFFAIRS TOPICS FOR SYNDICATE BANK PO EXAM

62nd Awards 2017 declared: & Alia ICC Awards 2016 announced Bhatt Bags Top Honour 1. ICC Cricketer of the Year (Sir Garfield Sobers Trophy) – Best Choreography : Adil Shaikh - Kar gayi chul (Kapoor & Ravichandran Ashwin (India) Sons) 2. ICC Test Cricketer of the Year– Ravichandran Ashwin Best Editing: Monisha R Baldawa - Neerja (India) Best Lyrics: Amitabh Bhattacharya – Channa mereya (Ae Dil 3. ICC ODI Cricketer of the Year – Quinton de Kock (South Hai Mushkil) Africa) Best Story: Shakun Batra & Ayesha Devitre - Kapoor & Sons 4. ICC Women’s ODI Cricketer of the Year – Suzie Bates (New Best Dialogue: Ritesh Shah - Pink Zealand) Best Playback (Male) : Arijit Singh – Ae dil hai mushkil (Ae 5. ICC Women’s T20I Cricketer of the Year – Suzie Bates (New Dil Hai Mushkil) Zealand) Best Playback (Female) : Neha Bhasin – Jag Ghoomeya 6. ICC T20I Performance of the Year – Carlos Brathwaite (Sultan) (West Indies ) (34 not out, 10 balls, 1x4, 4x6, ICC WT20 India Best Music Album: Pritam – Ae Dil Hai Mushkil 2016 final v England, Kolkata) Best Actor In A Supporting Role (Female) : Shabana Azmi 7. ICC Emerging Cricketer of the Year – Mustafizur Rahman - Neerja (Bangladesh) Best Actor In A Supporting Role (Male) : Rishi Kapoor - 8. ICC Associate/Affiliate Cricketer of the Year – Mohammad Kapoor & Sons Shahzad (Afghanistan) Best Debut Director : Ashwiny Iyer Tiwari - Nil Battey 9. ICC Spirit of Cricket Award – Misbah-ul-Haq (Pakistan) Sannata 10. ICC Umpire of the Year (David Shepherd Trophy) – Best Debut (Male) : Diljit Dosanjh- Udta Punjab Marais Erasmus Best Debut (Female) : Ritika Singh - Saala Khadoos Critics' Award For Best Actor (Female) : Sonam Kapoor - Neerja Critics' Award For Best Actor (Male) : Manoj Bajpayee – Aligarh & Shahid Kapoor - Udta Punjab Critics' Award For Best Film : Ram Madhvani- Neerja Best Actor (Female) : Alia Bhatt- Udta Punjab Best Director : - Dangal Best Actor (Male) : Aamir Khan - Dangal Best Film: Dangal Lifetime Achievement Award : Shatrughan Sinha

74th Golden Globe Awards 2017 announced The 74th Annual Golden Globe Awards ceremony was organized at Beverly Hills, California, United States (US). This year, La La Land, a romantic musical comedy-drama film won in all the seven categories including the top award for best musical Pradhan Mantri Garib Kalyan Yojana commenced or comedy. Veteran actress Meryl Streep was bestowed with Lok Sabha has passed the Pradhan Mantri Garib Kalyan the Cecil B. DeMille Lifetime Achievement Award. Yojna (2nd Amendment) Bill, 2016. The new bill attempts to impose a higher rate of tax & penalty in respect of Winners of various awards are as follows: undisclosed incomes. Best Motion Picture Drama: Moonlight. PMGKY is govt. second income disclosure scheme (IDS) to Best Motion Picture Musical/Comedy: La La Land. allow tax evaders to come clean with unaccounted wealth. Best Director in Motion Picture-Drama: Damien Chazelle It came into effect from 17 December 2016 & it will remain for La La Land. open until 31 March , 2017. Best Actor in Motion Picture-Drama: Casey Affleck for The deposit shall be made by any person who declared Manchester by the Sea. undisclosed income under PMGKY. Best Actress in Motion Picture-Drama: Isabelle Huppert The deposit sum, shall not be less than 25% of the declared for Elle. undisclosed income. Best Actor in Motion Picture or Musical or Comedy: Ryan The deposits shall be held at the credit of the declarant in Gosling for La La Land. Bonds Ledger Account (BLA) maintained with RBI & would Best Actress in Motion Picture Musical or Comedy: be repaid on expiry of four years. Emma Stone for La La Land. Best Original Score-Motion Picture: Justin Hurwitz for the Rules of this Scheme – La La Land. 1. Declarant have to deposit 25% of the undisclosed income. Best Original Song: “City of Stars” (Justin Hurwitz, Pasek & 2. Declarant has to pay 30% tax at this income plus a penalty Paul) for the La La Land. rate of 10% will be there. Best Foreign Language Film: Elle (France).

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GK POWER CAPSULE FOR SYNDICATE & INDIAN PO (MAINS) 2017 3. A surcharge at 33% of tax will also be levied & will be named Acclaimed Bengali poet Shankha Ghosh to get 2016 Jnanpith as Pradhan Mantri Garib Kalyan Cess Award Bengali poet & literary critic Shankha Ghosh will get the Jnanpith What is the Specified Bank Notes (Cessation of Liabilities) Award for 2016. The award is given for exceptional contribution Ordinance 2016? in the field of literature. The Specified Bank Notes (Cessation of Liabilities) Ordinance Shankha Ghosh born in Chandipur, present day Bangladesh is a 2016 has been promulgated by the President of India to provide leading authority on Rabindranath Tagore. He has earlier won for cessation of liabilities on the Specified Banknotes & for the Sahitya Academy Award & the Padma Bhushan for his connected/incidental matters & comes into effect from contribution to Indian literature. December 31, 2016. In terms of this ordinance, with effect from December 31, 2016, the Specified Bank Notes shall cease to be PM launches Mobile App-BHIM for Aadhaar-based digital the liabilities of the Reserve Bank of India & shall cease to have payment the guarantee of the Central Government. PM Narendra Modi has launched a mobile app Bharat Interface for Money, BHIM to facilitate digital cash transactions with only Holding the specified banknotes (SBNs) for the purpose of a thumb print after the bank account is linked with Aadhaar deposit by Resident Indian citizens who were abroad during gateway. Addressing Digi Dhan Mela at Talkatora stadium in November 9, 2016 to December 30, 2016 & Non Resident Indian New Delhi, Mr Modi said, payments through the new system can citizens who were abroad during November 9, 2016 to be made by just a thumb impression. He said, the new December 30, 2016 is permissible during grace period. With indigenously developed payment app BHIM has been named effect from January 2, 2017 Resident Indian citizens who were after the main architect of Indian constitution, Dr B R Ambedkar. abroad during November 9, 2016 to December 30, 2016 can avail this facility upto March 31, 2017 & Non Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto June 30, 2017. While there is no monetary limit for exchange for the eligible Resident Indians, the limit for NRIs will be as per the relevant FEMA Regulations.

In terms of Section 5 of the Ordinance, from December 31, 2016 no person shall knowingly or voluntarily hold, transfer or receive any specified banknotes. After the expiry of grace period, holding of not more than 10 notes in total, irrespective of denomination or not more than 25 notes for the purpose of study/ research/ numismatics is permitted. In terms of Section 7, contravention of Section 5 shall be punishable with fine which may extend upto 10,000 INR or five times the face value of the SBNs involved in the contravention, whichever is higher.

The exchange facility will remain open for residents from Following are the highlights of the sixth bi-monthly January 2, 2017 to March 31, 2017 & for NRIs from January 2, monetary policy announced by RBI: 2017 to June 30, 2017 at five Reserve Bank offices at Mumbai, Policy repo rate unchanged at 6.25%. New Delhi, Chennai, Kolkata, & Nagpur. The facility can be Economic growth for FY17 lowered to 6.9%; RBI pegs it at availed only in individual capacity & only on one occasion during 7.4% in 2017—18. the period. No third party tender is permissible under the Growth is expected to recover sharply in 2017—18. facility. Retail inflation in Q4 likely to be below 5%. This facility will not be available for Indian citizens resident in Inflation projected in the range of 4—4.5% in the first half Nepal, Bhutan, Pakistan & Bangladesh. of 2017—18 & 4.5—5% in the second half. Upside risks to inflation — rise in crude oil prices, volatility Lucky Grahak Yojana, Digi Dhan Vyapar Yojana launched in exchange rate, & fuller effect of the 7th Pay Panel. GOI launched Lucky Grahak Yojana for Consumers & Digi-Dhan Global growth projected to pick up modestly in 2017. Vyapar Yojana for Merchants to promote digital transaction. Global trade remains subdued due to increasing tendency The schemes are aimed at encouraging people to move towards towards protectionist policies. significantly higher usage of digital transactions through the RBI changes policy stance from ‘accommodative’ to ’neutral’ offer of incentives. Monetary Policy Committee (MPC) shifts policy stance to neutral keeping in mind transitory effect of demonetisation. The primary concern being to move the transaction platform Surplus liquidity to fall with progressive remonetisation; from a physical cash economy to a cashless society, the schemes abundant liquidity with banks may persist in early 2017— promotes digital payment methods amongst the consumers by 18. the Lucky Grahak Yojna & merchants through the Digi Dhan High frequency indicators point to subdued activity in Vyapar Yojna. services sector, automobile sales, domestic air cargo, railway freight traffic, & cement production.

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