Current Affair For Month “January, 2017”

Economic Survey 2016-17: Highlights

Date: January 31, 2017

The Economic Survey 2017 was presented in the Parliament today by the Finance Minister Arun Jaitley.The Economic Survey pointed out that demonetisation will have both short-term costs and long-term benefits.

Key Highlights of Economic Survey


ECONOMY

* FY18 GDP growth in the range of 6.75-7.50%
* FY17 industrial growth seen 5...

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Supreme Court appointed administrators to supervise BCCI

Date: January 31, 2017

The Supreme Court has appointed four eminent personalities from varying backgrounds to a panel of administrators to oversee the running of the BCCI until the board can hold fresh elections for office bearers as per the recommendations of the Lodha Committee.

The panel, which will be chaired by Vinod Rai, the former Comptroller and Auditor General of India, consists of Ramachandra Guha, ...

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GAAR: Complete analysis (to be implemented from April 1,2017)

Date: January 29, 2017

The Narendra Modi government issued clarification that GAAR, that is General Anti-Avoidance Rule, will come into effect from April 1, 2017. The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year 2017-18 onwards, the Finance Ministry said in a press release.

In India, the GAAR concept was introduced with the DTC ...

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India Post gets payments bank licence

Date: January 29, 2017

India Post has received payments bank licence from the Reserve Bank of India to start rollout of banking operations commercially under the permit.India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.

Payments banks can accept deposits up to Rs 1 lakh per account from individuals and small businesses.

The new model of banking ...

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TROPEX-17

Date: January 28, 2017

Navy’s Theatre Level Exercise, TROPEX 17, gets underway

The Indian Navy’s Annual Theatre Readiness Operational Exercise (TROPEX) got underway on 24 Jan 17. The month long exercise will have ships and aircraft of both the Western and Eastern Naval Commands, as also assets from the Indian Air Force, Indian Army and the Indian Coast Guard exercisin...

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National Apprenticeship Promotion Scheme

Date: January 28, 2017


Since the early ages, the transfer of skills has been happening through the tradition of apprentices. A young apprentice would work under the tutelage of a master craftsman to learn the craft, while the master craftsman would get an inexpensive form of labour in exchange of training the apprentice and basic amenities. This tradition of skill development through on the job training has sur...

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The chief ministers’ committee on digital payment submits its report

Date: January 27, 2017

The chief ministers’ committee on digital payment on Tuesday submitted its interim report to Prime Minister Narendra Modi, recommending an array of tax incentives and subsidies. The committee, headed by Andhra Pradesh Chief Minister Chandrababu Naidu, has suggested that there should be a limit on cash in case of big transactions. It also asked the government to levy a cash transaction tax...

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Rheumatoid arthritis:An autoimmune disorder

Date: January 27, 2017

Rheumatoid arthritis is an autoimmune disease in which the body's immune system - which normally protects its health by attacking foreign substances like bacteria and viruses - mistakenly attacks the joints.

This creates inflammation that causes the tissue that lines the inside of joints to thicken, resulting in swelling and pain in and around the joints.

Rheumatoid arthritis is...

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Padma Awards 2017

Date: January 26, 2017

The Centre has announced the list of Padma awardees which included names of chef Sanjeev Kapoor, singers Kailash Kher and Anuradha Paudwal.The government had begun inviting nominations for the awards in May last year and received around 5,000 entries, from which 500 names were shortlisted in December.

This year, the Padma awards have been conferred to the distinguished personalities for...

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National Action Plan for Children, 2016

Date: January 25, 2017

National Action Plan for Children, 2016 (NPAC) was launched at a special function held to celebrate the National Girl Child Day in New Delhi today. The function was attended by the Minister of WCD, Smt Maneka Sanjay Gandhi, Secretary WCD, Ms. Leena Nair, Secretary, Department of Food and Public Distribution, Smt. Preeti Sudan among others. The NPAC has been developed by the Ministry of Women &a...

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