Sunday, 8 January 2017

7th January Current Affairs

Current Affairs are very important section asked in every competitive exams. Here, we're presenting you the 7th January Current Affairs.

Michelle Obama selects Indo-American for education campaign
  • US First Lady Michelle Obama has selected a 16-year-old Indian-American to serve in the inaugural Student Advisory Board of the 'Better Make Room' education campaign. 
  • Swetha Prabakaran, the only Indian-American on the list, has been chosen in recognition of her efforts to educate the youth in computer sciences. 
  • She has previously been honoured as a White House Champion of Change. 
Sir Tim Barrow appointed as Britain's EU ambassador
  • UK's government has appointed career diplomat Sir Tim Barrow as its ambassador to the EU.
  • The office of Britain's PM Theresa May said that Barrow is a seasoned and tough negotiator who will bring energy to Brexit talks.
  • The former ambassador Sir Ivan Rogers had resigned after accusing the government of "ill-founded arguments and muddled thinking" over the Brexit negotiation.
World Book Fair begins in Delhi from Jan 7
  • The World Book Fair which is being organised in the national capital from January 7-15 at Pragati Maidan, 
  • The fair will have 'Manushi' as the theme of the year and will focus on writings on and by women. 
  • Prominent writers and scholars such as Kailash Satyarthi and Hemant Singh Katoch.
Norway to become first country to switch off FM radio
  • Norway is set to become the first nation to switch off its FM radio network, with the parliament approving a proposal to shift to Digital Audio Broadcasting (DAB). 
  • This was opposed by 66% Norwegians over concerns that they may miss emergency warnings broadcasted via radio. 
  • The shutdown will begin on January 11 in the northern city of Bodoe. 
Arun Jaitley chairs 16th meeting of Financial Stability and Development Council
  • The government expects its measures on elimination of the shadow economy and tax evasion to have a positive impact on GDP and fiscal consolidation in the long run, finance minister Arun Jaitley said while chairing the Sixteenth Meeting of the Financial Stability and Development Council (FSDC). 
  • The Council, which has heads of all financial sector regulators as its members, reviewed the major issues and challenges facing the economy in its 16th meeting held 
  • The Council also reviewed the status of NPAs of public sector banks and the measures were taken by the government and the RBI for tackling the stressed assets and discussed further action to be taken in this regard.
14th Pravasi Bhartiya Divas convention begins in Bengaluru
  • The 14th Pravasi Bhartiya Divas (PBD) convention has begins in Bengaluru. The three-day event will kick start with the Youth PBD, the theme of which is 'Role of Diaspora Youth in the Transformation of India'. Pravasi Bharatiya Divas has been held traditionally on 9th January every year to commemorate the return of Mahatma Gandhi as a Pravasi from South Africa to India.Three plenary sessions are scheduled to be held in Youth PBD. First will be on reaching out to Indian Students abroad, NRIs and overseas Indian Community Students in India. Second will be on Start-ups and Innovations and 3rd on Start-up ecosystem in Karnataka.
Tata Motors, Castrol announce global strategic partnership
  •  Tata Motors and Castrol have signed a 3-year strategic partnership agreement. As part of the agreement, Castrol will supply Commercial Vehicle Oils to Tata Motors globally. The agreement will cover over 50 markets including SAARC and ASEAN region, Middle East, Africa, Russia and Latin America.
Foreign exchange reserves rose by $625.5 million to $360.296 billion:RBI
  •  The RBI stated that foreign exchange reserves rose by $625.5 million to $360.296 billion in the week to December 30, 2016. In the previous week, the reserves had declined by $935.2 million to $359.671 billion. The reserves had touched $371.99 billion in the week to September 30, 2016.
All India Conference of Waqf Boards begins
  •  The All India Conference of Chairpersons and Chief Executive Officers of States and Union Territories' Waqf Boards begins in New Delhi.The conference will be inaugurated by Minister of State for Minority Affairs Mukhtar Abbas Naqvi.Various issues, including review of progress under the schemes relating to grant of financial assistance for computerization of waqf properties, strengthening of waqf boards and development of waqf properties by National Waqf Development Corporation Ltd. will be discussed during the conference. 
Droom, Axis bank tie-up to provide quick loans on new and used cars
  • India’s pioneering online automobile transactional marketplace Droom has firmly entrenched its foothold as a complete eco-system for buyers to have an impeccable automobile owning experience. In its latest effort to sustain such a status, Droom has tied up with Axis Bank, India’s third largest private sector bank, to provide quick sanction of loans on both new as well as used cars.
  •  Loans are an integral element in almost all new and used car purchases and Droom’s recent collaboration with Axis bank is evidence of its continued efforts to cover the 360 degree eco-system of online automobile transactions. Loans will be provided for up to 85 percent of the value of the car with tenure of one to five years. Furthermore, loans on Used Cars can be availed on vehicles up to the age of 10 years at the end of the loan tenure.
Japan to Help in Developing Chennai, Ahmedabad and Varanasi Smart Cities
  •  Japan has decided to be associated with the development of Chennai, Ahmedabad and Varanasi as smart cities. This was conveyed by Japan’s Ambassador to India Mr.Kenji Hiramatsu during his meeting with Minister of Urban Development Shri M.Venkaiah Naidu.


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