Thursday, 8 December 2016

8 December Current Affairs

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Current Affairs are very important section asked in every competitive exams. Here, we're presenting you the 8th December Current Affairs updates.

RBI keeps key rates unchanged in fifth bi-monthly monetary policy review
  • Reserve Bank of India in its fifth bi-monthly monetary policy review kept the short-term lending rate unchanged. It was a surprise for markets.
  • RBI has also lowered its forecast for India’s gross domestic product (GDP) growth to 7.1% for this fiscal and said demonstration would lead to a short-term disruption in economic activity.
Donald Trump is Time magazine's Person of the Year
  • US President-elect Donald Trump has been named Time magazine's Person of the Year for 2016.
  • The annual cover on which the magazine recognizes the person who “for better or for worse … has done the most to influence the events of the year”
Union Cabinet approves Pune Metro Rail Project
  • The Union Cabinet today approved the development of phase-I of Pune Metro Rail Project which will cover a length of 31.25 km at the total completion cost of Rs. 11,420 crore and comprising two corridors Corridor-1 (Pimpri Chinchwad Municipal Corporation to Swargate) and Corriodor-2 (Vanaz to Ramwadi).
Venezuela to print 20,000-bolivar note
  • Venezuela will launch a new 20,000-bolivar banknote to help people struggling with large bundles of currency notes during the country's economic crisis. 
  • The biggest denomination banknote currently in circulation is 100 bolivars.
Why blind can't identify notes of recent years: HC asks RBI
  • The Bombay High Court has sought a reply from the RBI within six weeks over the alleged difficulty faced by blind persons in identifying currency notes and coins of recent years. 
  • While hearing a petition filed by National Association for the Blind, the HC also allowed the petitioner to file a rejoinder within two weeks of RBI filing its reply.
Trump selects Iowa Governor Branstad as U.S. envoy to China
  • U.S. President-elect Donald Trump has selected Iowa Governor Terry Branstad as his incoming government's ambassador to China. "Branstad has a tremendous understanding of China and the Chinese people and is someone who very much impressed the President-elect.
  • Terry Edward Branstad is an American politician who is the 42nd Governor of Iowa, in office since January 2011. Branstad was also the state's 39th governor from 1983 to 1999, and he was president of Des Moines University from 2003 to 2009.
Nabard to provide Rs. 120 cr to banks for setting up PoS devices in villages
  • The National Bank for Agriculture and Rural Development (Nabard) on 08 December said it will extend support aggregating about Rs. 120 crore to banks for deployment of two Point-of-Sale (PoS) devices per village in one lakh villages having a population of up to 10,000.
  •  The move is aimed at taking rural India closer towards cashless payment systems.
Important Union Cabinet Approvals: 07 December 2016
  • Cabinet approves MoU with Afghanistan on cooperation in peaceful uses of outer space Cabinet approves MoU with United Kingdom UK to support ease of doing business in India.
  • India and United Kingdom (UK) MoU for cooperation in field of Intellectual Property approved.
  • Cabinet approves Indo-Thai agreement on narcotics control.
Serendipity Arts Festival to be held in Goa
  • The Serendipity Arts Festival (SAF) is scheduled to be held from 16 December to 23 December 2016 in Goa.
  •  The festival will see a stellar line-up of 33 global artists, who will display their work at the eight-day inspiration-packed festival.
  • More than 40 exciting projects and exhibitions featuring famous artists, like Kabi Raj Lama, Bandu Manamperi, Escif, Billy Chang, SP Pushpakanthan, Lisa Stertz and Paquito Gonzalees, will be a part of the festival.
Justice Mian Saqib Nisar appointed next Chief Justice of Pakistan
  • Senior judge of the Supreme Court Justice Mian Saqib Nisar was appointed as the next Chief Justice of Pakistan.
  • Justice Nisar will take charge as chief justice of the apex court on December 31.
Microsoft launches solutions for SMEs
  • Microsoft has introduced business solutions from its partner ecosystem to meet the business needs of small and medium businesses across Kerala. 
  •  Built by Microsoft’s ISV partners Smarter SMB and IDOS, these solutions address key areas like Customer Relationship Management (CRM) and Finance & Accounting and enhancing organisational efficiency. These solutions will run on Microsoft cloud and will be available at very low cost.

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