Online Current Affairs for Exams


Timothy Gonsalves Committee Suggests 20 Percent Reservation for Girl Students in IITs


  •  A committee formed by the IIT Joint Admission Board (JAB) has recently given its suggestion to create 20 percent reservation seats for the girl students in IITs out of the total number of seats available.
  • The committee headed by professor Timothy Gonsalves recommended the supernumerary seats to address the issue falling number of female students entering the institute.
  • However, the recommendation of the committee will get the final approval after the decision of the Joint Admission Board (JAB) who will decide whether the reservation will come in effect from 2017 or 2018.
  • The decision will not affect the number of seats available for male candidates and only those candidates who have already qualified in JEE-Advanced will be considered.
  • The decision will enable IITs to achieve the 1 lakh target by 2020.
Quick Question for Bank PO/ IBPS Exams 2016-17:
 A committee formed by the IIT Joint Admission Board (JAB) has recently given its suggestion to create 20 percent reservation for which students in IITs out of the total number of seats available? 
 - Girl students. 
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Petroleum awareness ‘Saksham 2017’ launched in Nagaland


  • Every year the Ministry of Petroleum and Natural Gas (MOP & NG) conduct mass awareness drive on oil and gas conservation across the country on January 16.
  • From this year onwards the theme of the programme has been redesigned as Saksham – 2017 and the programme duration has been extended to one month.
  • Saksham – 2017 was inaugurated for the state of Nagaland in a small function organised at Unity College, Dimapur on January 16 amidst gatherings comprising of;
    1. People from State Government,
    2. People from Oil sector,
    3. Petroleum Dealers community in Nagaland,
    4. People from business community,
    5. College students particularly girl students etc.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Every year the Ministry of Petroleum and Natural Gas (MOP & NG) conducts, which mass awareness drive on oil and gas conservation across the country on January 16? 
 -  ‘Saksham 2017’
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India 60th in inclusive development index


  • India has been ranked 60th among 79 developing economies, below neighbouring;
    1.China and
    2.Pakistan,
    in the inclusive development index, according to a WEF report.
  • WEF’s ‘Inclusive Growth and Development Report 2017' said that most countries are missing important opportunities to raise economic growth and reduce inequality at the same time because the growth model and measurement tools that have guided policymakers for decades require significant readjustment.
  • The Inclusive Development Index (IDI) is based on 12 performance indicators. In order to provide a more complete measure of economic development than GDP growth alone, the index has three pillars —
    1.Growth and Development,
    2.Inclusion and Intergenerational Equity, and
    3.Sustainability.
  • Lithuania tops the list of 79 developing economies that also features;
    Azerbaijan and
    Hungary
    at second and third positions, respectively
Quick Question for Bank PO/ IBPS Exams 2016-17:
What is the rank of India in WEF’s ‘Inclusive Growth and Development Report 2017'? 
 -  60th.
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Yes Bank launched “Yes Fintech”, a business accelerator program


  • Yes Bank, in collaboration with T-Hub, has launched 'Yes Fintech', a business accelerator program.
  • T-hub is a startup incubator set up by the Telengana government and Anthil – a speed scaling platform for early growth stage start-ups.
  • Yes Bank has been collaborating with more than 100 fintech start-ups and supporting them to provide creative solutions to ;
    1.the corporate,
    2.SME and
    3.retail customer base
    as a part of its Alliances, Relationship & Technology (ART) approach to digitised banking .
Quick Question for Bank PO/ IBPS Exams 2016-17:
Which bank in collaboration with T-Hub, has launched 'Yes Fintech', a business accelerator program?
 - Yes Bank. 
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Yes Bank launches customisable savings account


  • Private sector lender Yes Bank claimed to have launched the industrys first customisable savings account which will protect customers from "unwanted charges" levied in current offerings.
  • Customers can choose from options like debit cards, alternatives to minimum balance requirements, and banking benefits such as;
    1. ATM usage,
    2. digital banking products,
    3. branch banking and
    4. family grouping .
Quick Question for Bank PO/ IBPS Exams 2016-17:
Which bank claimed to have launched the industrys first customisable savings account which will protect customers from "unwanted charges" levied in current offerings?
 - Yes Bank. 
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UNESCO recognises sitalpati or cool mat from Cooch Behar district as 'intangible cultural heritage'


  • Sitalpati or cool mat from Cooch Behar district has been recognised as an "intangible cultural heritage" by the United Nations Educational, Scientific and Cultural Organisation (UNESCO), according to a statement issued by West Bengal government.
  • These mats are used for sitting or to hang on doors or windows during summer. The mats are made up of weaved green cane slips of murta plants which are indigenous to the region.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Which traditional commodity from Cooch Behar district has been recognised as an "intangible cultural heritage" by the United Nations Educational, Scientific and Cultural Organisation (UNESCO)? 
 - Sitalpati or cool mat. 
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Poet Jacob Polley wins 2016 TS Eliot Prize for Jackself, 'a firework of a book'


  • Jacob Polley has won the 2016 TS Eliot Prize for poetry, joining the ranks of previous winners including ;
    1.Ted Hughes,
    2.Seamus Heaney and
    3.Carol Ann Duffy.
  • Polley won the coveted £20,000 award with his fourth collection, Jackself, a sequence of narrative poems partly inspired by his childhood in Cumbria.
  • The chair of the judging panel, poet Ruth Padel, called Jackself "a firework of a book; inventive, exciting and outstanding in its imaginative range and depth of feeling".
Quick Question for Bank PO/ IBPS Exams 2016-17:
Who has won the 2016 TS Eliot Prize for poetry? 
 - Jacob Polley. 
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Manipur’s Karang is India’s first cashless island


  • Karang, a small lake island in Manipur, has become the country’s first cashless island.
  • The Union ministry of electronics and information technology under its Digital India programme announced Karang as the first cashless island in India on Friday.
  • Confirming it, deputy commissioner M Harekrishna of Bishnupur district said the island fulfilled the Centre’s necessary criteria.
  • The Karang island is located in the middle of Loktak, the largest freshwater lake in Northeast India.
  • The campaign was held from January 9 to 12. Karang Island Boat Association and Panthoibi Khoyol Standard Association extended help in holding campaigns on cashless transactions.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Which place has become the India’s first cashless island?
 - Manipur’s Karang. 
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South Korea ranked world’s most innovative economy


  • South Korea is the world’s most innovative economy, followed by
    1. Germany,
    2.Sweden,
    3.Japan and
    4.Switzerland, according to the latest Bloomberg Innovation Index.
  • South Korea won the top scores worldwide for manufacturing value-added as well as for tertiary efficiency, and was in the second place in ;
    1.R&D intensity,
    2.high-tech density and
    3.patent activity.
  • The Asian tech powerhouse was ranked sixth in terms of researcher concentration.
  • Rounding out the top 10 under the Innovation Index were;
    1. Singapore,
    2. Finland,
    3. the United States,
    4. Denmark and
    5. France.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Which country won the top spot by getting the tag of "World’s most innovative economy" 
according to the latest Bloomberg Innovation Index?
 - South Korea. 
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India among top 6 promising markets


  • India features among top six for global executives when it comes to overall growth prospects over the next 12 months, but enthusiasm for investing in the country has dropped from three years ago, finds out a survey.
  • According to the annual global CEO survey of consultancy giant PwC, released at the WEF annual meeting, the top two markets from the growth point of view are ;
    the US, as voted by 43 per cent of respondents,
    followed by China (33 per cent).
  • Others in the pecking order are ;
    Germany (17 per cent),
    UK (15 per cent),
    Japan (8 per cent) and
    India (7 per cent).
  • Last year, India was among the top five most promising markets globally.
Quick Question for Bank PO/ IBPS Exams 2016-17:
According to the annual global CEO survey of consultancy giant PWC, what is the rank of India in the most promising markets globally? 
 - 6th.
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India becomes Associate member of CERN "Conseil Européen pour la Recherche Nucléaire".


  • India became an Associate member of CERN on 16th of January 2017, it came into effect with the Indian government completing its internal approval procedures in respect of the agreement it had signed with CERN on November 21, 2016.
  • As an Associate member India will have full access to all data generated at CERN.
  • As there are many experiments in CERN, there will be plenty of information available. When we were not an Associate member, India could take  data only from those experiments where we were participating.
  • There are other benefits of becoming an Associate member. Whenever any CERN facilities get upgraded and go through maintenance, it will provide opportunities for Indian industries to participate.
Quick Question for Bank PO/ IBPS Exams 2016-17:
India became an Associate member of which International organisation on 16th of January 2017? 
- CERN "Conseil Européen pour la Recherche Nucléaire". 
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India slips 3 places to 92nd rank on global talent competitiveness


  • India has slipped 3 places to 92nd rank on the global index of talent competitiveness that measures how countries grow, attract and retain talent, a list topped by Switzerland.
  • India's ranking is worst among the five BRICS countries.
  • While China was ranked at the 54th place, Russian Federation was placed at 56th, followed by South Africa at 67th and Brazil 81st.
  • Switzerland topped the overall index, followed by
    1.Singapore and
    2.the United Kingdom
    in second and third places respectively .
  • List was released by INSEAD Produced in partnership with The Adecco Group and the Human Capital Leadership Institute of Singapore (HCLI).
Quick Question for Bank PO/ IBPS Exams 2016-17:
India has slipped to which rank on the global index of talent competitiveness that measures how countries grow, attract and retain talent? 
 - 92nd rank
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Central & SBI Card launch premium co-branded card


  • Future Group's fashion and lifestyle departmental store Central and SBI Card announced the launch of a co-branded credit card.
  • It's launched to offer benefits to consumers in the premium lifestyle and fashion space.
  • The Central SBI co-brand Card is the second by SBI Card and Future Group, after fbb SBI StyleUp Card introduced earlier in partnership with Big Bazaar and targeted at the value conscious consumer looking for affordable fashion.
  • The Central
    1.SBI SELECT and
    2.SELECT+ Cards
    offer an accelerated reward points structure, where cardholders earn 20 reward points for every Rs 100 spent in Central stores.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Future Group's fashion and lifestyle departmental store Central with which bank has announced the launch of a co-branded credit card?
 - SBI
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Kiran Doshi wins 'The Hindu Prize 2016'


  • Kiran Doshi, a retired diplomat and educationist from Gujarat, won The Hindu Prize 2016 for his third major work of fiction, Jinnah Often Came to Our House.
  • Its a book set against the political turmoil of the subcontinent from the early part of the 20th century, ending with the Partition and Independence.
  • Mr. Doshi was among the five authors shortlisted from nearly 60 entries for the seventh edition of the prize.
  • The shortlisted works included;
    1. Anil Menon’s Half Of What I Say,
    2.Hansda Sowvendra Shekhar’s The Adivasi Will Not Dance,
    3.Kunal Basu’s Kalkatta and
    4.Manjula Padmanabhan’s The Island of Lost Girls.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Who won The Hindu Prize 2016 for his third major work of fiction, Jinnah Often Came to Our House?
 - Kiran Doshi. 
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India Signs Financing Agreement with World Bank for US$ 48 Million for Nagaland Health Project


  • A financing agreement for IDA credit of US$ 48 million (equivalent) for the ‘Nagaland Health Project’ was signed with the World Bank .
  • The Financing Agreement was signed by;
    1.Mr. Raj Kumar, Joint Secretary, Department of Economic Affairs on behalf of Government of India and
    2.Mrs. Genevieve Connors, Acting Country Director, World Bank (India) on behalf of the World Bank.
  • A Project Agreement was also signed by ;
    1.Dr. L. Watikala, Principal Director, Directorate of Health & Family Welfare, Government of Nagaland and
    2. Ms. Genevieve Connors, Acting Country Director, World Bank.
  • The Objectives of the project are to improve health services and increase their utilization by communities in targeted locations in Nagaland.
Quick Question for Bank PO/ IBPS Exams 2016-17:
A financing agreement for IDA credit of US$ 48 million (equivalent) was signed with the World Bank and India for which project? 
 -  ‘Nagaland Health Project’. 
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Rajeev Singh to take charge as interim CEO of Prasar Bharti


  • Rajeev Singh, Member (Finance) in Prasar Bharati Board, is the newly appointed interim CEO of the public broadcaster after S C Panda retires in February.
  • The previous CEO Jawhar Sircar had quit in October last year, a few months before his tenure was due to end, following which Panda, who is Member (Personnel), was made the acting CEO.
  • However, Panda is also due to retire in February.
  • The issue of vacancies arising due to Panda’s retirement was discussed in a meeting headed by Prasar Bharati chairman A Surya Prakash in Hyderabad yesterday, sources said.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Who is the newly appointed interim CEO of Prasar Bharati, after the retirement of S C Panda? 
 - Rajeev Singh.
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Indian Women Boxers Shine At Nations Cup In Serbia; Win Six Medals


  • The Indian Women’s boxing team went on to finish 3rd in the 6th Nations Cup in the Serbian city of Vrbas.
  • India finished 3rd just after;
    1. Kazakhstan and
    2. Russia
  • in the elite category wherein the tournament also featured ;
    1.School Girl,
    2.Junior and
    3.Youth Division competition.
  • The medal tally for India stands at one gold, four silver and four bronze.
  • The solo gold for India goes to Neeraj of Haryana.
  • This exceptional talent acquired the gold by defeating the top-seeded Jaina Shekerbekova of Kazakhstan.
  • This is Neeraj’s first International appearance.
  • The four silvers were acquired by;
    1. Sarjubala Devi (48 Kg),
    2.Priyanka Chowdhary(60kg),
    3.Pooja(69 Kg).
  • They lost to Russia’s Yulia Chumgalakova, Kazakhstan’s Rimma Volosenko, Valentina Khalzova respectively in their bouts.
Quick Question for Bank PO/ IBPS Exams 2016-17:
The boxing championship of Nations Cup 2017 is organised in which country? 
- Serbian city of Vrbas. 
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IMF cuts India’s GDP growth forecast to 6.6% on note ban woes


  • The International Monetary Fund (IMP) on 16th of January 2017 cuts India’s growth forecast for the current fiscal to 6.6% from its previous estimate of 7.6%.
  • The cut is a consequence of the currency crunch following the demonetisation decision, said the IMF.
  • The cut in India’s growth rates comes days after the World Bank decelerated India’s GDP growth for 2016-17 to 7% from 7.6%.
Quick Question for Bank PO/ IBPS Exams 2016-17:
The International Monetary Fund (IMP) on 16th of January 2017 cuts India’s growth forecast for the current fiscal to what percentage? 
 - 6.6%.
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January 16: Religious Freedom Day


  • US President Barack Obama urging his countrymen to stand against religious intolerance, has proclaimed January 16 as Religious Freedom Day in accordance with a yearly tradition.
  • Each year, by Presidential Proclamation, January 16 is declared Religious Freedom Day in the US.
  • Obama urged the country’s citizens to reject politics that seeks to target people because of their religion.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Religious Freedom Day is celebrated on which date? 
 - January 16
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Reserve Bank of India raises daily withdrawal limit from ATMs to Rs 10,000


  • The Reserve Bank of India on Monday doubled the daily withdrawal limit from automated teller machines (ATMs) to Rs 10,000.
  • They also retained the weekly ceiling at Rs 24,000 with the supply of more five hundred notes.
  • RBI has increased the limit on withdrawal from current accounts from the existing limit of Rs 50,000 per week to Rs 1,00,000 per week.
  • This hike will be applicable to overdraft and cash credit accounts.
Quick Question for Bank PO/ IBPS Exams 2016-17:
What is the current daily withdrawal limit from automated teller machines (ATMs), according to RBI? 
- Rs 10,000. 
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