Current Affairs: 1st January 2018

Dear SH Aspirants,
Study Daily Current Affairs and stay updated as well as prepare for General Awareness section of bank exams. It's time to gear up your preparations for IBPS/RBI/SBI/SSC and with the daily dose of current affairs, you can easily prepare G.A and score well.

1. Pakistan to set up $1.51 billion hydropower project in PoK

Pakistan has decided to set up a new hydropower project of over 700 megawatts in PoK through foreign financing at an estimated cost of USD 1.51 billion by 2022.

• The Azad Pattan Hydropower Project (APHP) is a run of river scheme located on Jhelum River in the Sudhanoti district of Pakistan-occupied Kashmir and about 90 kilometres from Islamabad.
• The project would be completed by 2022 for which the authorities have sought an import tariff at Rs 8.05 per kilowatts.

2. India ranked 90th among 163 countries in the positive peace index

Despite the unrest in the last one year, there is an atmosphere of peace in 93rd countries.

• In the ranking released by the Institute of Economics and Peace named Positive Peace Index 2017, India has been ranked 90th among 163 countries.
• Sweden, Switzerland and Finland are the top three countries respectively In the index.

3. Centre releases Rs 24,500 crore to compensate states post GST

The revenue loss to states on account of GST implementation was Rs 24,500 crore between July-October and the Centre has released compensation to make up for it, Parliament was informed.

• As per the details of GST compensation released to states as on November 30, Karnataka got maximum compensation from the Centre at Rs 3,271 crore, followed by Gujarat (Rs 2,282 crore) and Punjab (Rs 2,098 crore).
• The other states that required hefty compensation include Rajasthan (Rs 1,911 crore), Bihar (Rs 1,746 crore), Uttar Pradesh (Rs 1,520 crore), West Bengal (Rs 1,008 crore) and Odisha (Rs 1,020 crore).

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Weekly Current Affairs December 2017 (4th Week)

DAILY CURRENT AFFAIRS

Dear SH Aspirants,
Study Daily Current Affairs and stay updated as well as prepare for General Awareness section of bank exams. It's time to gear up your preparations for IBPS/RBI/SBI/SSC and with the daily dose of current affairs, you can easily prepare G.A and score well.

1. India ranks 109th in mobile internet speed and 76th in fixed broadband

India has ranked 109th in mobile internet speeds and 76th in fixed broadband speeds in Ookla's November Speedtest Global Index, where the country's average mobile speed was 8.8 Mbps and broadband speed was 18.82 Mbps.

• Norway ranked first in the world for mobile internet, with an average download speed of 62.66 Mbps, as of November.
• Singapore led in the fixed broadband category, with a 153.85 Mbps average download speed.

2. India declares $25 million assistance for Rakhine State

India has announced a development assistance of $25 million for Myanmar’s Rakhine State, from where thousands of Rohingya Muslims recently fled following incidents of violence against the community.

• This came a day after Foreign Secretary S Jaishankar visited Myanmar and met Myanmar’s State Counsellor Aung San Suu Kyi.
• An estimated 6,00,000 Rohingya Muslims have fled Myanmar’s Rakhine State since late August after large-scale violence there.

3. India to set up IT centre in Egypt's Al Azhar University

India will be establishing a Centre of Excellence in Information Technology (CEIT) at Al Azhar University, Egypt's highest religious authority and one of the world's most eminent seats of Sunni Muslim learning.

• All the equipment and course material has reached Egypt and premises are being prepared for CIET, which will provide high-tech education and skills to the country's youth, India's Ambassador to Egypt, Sanjay Bhattacharyya, said.

4. Guatemala to move its embassy to Jerusalem

The president of Guatemala says the Central American country will move its embassy in Israel to Jerusalem.

• Guatemala was one of nine nations that voted earlier this week with the United States when the U.N. General Assembly overwhelmingly adopted a non-binding resolution denouncing President Donald Trump’s recognition of Jerusalem as Israel’s capital.

New Pattern English Quiz

ENGLISH NEW PATTERN QUIZ

In each of the following questions, a statement and five choices are given. Select from among the choices, the most logical complement and mark its number as your answer:

Q1. The flight of IT talent to foreign shores is causing Indian companies to move into shutdown mode.
(a) Software professionals in India feel that working abroad is more lucrative. 
(b) Indian software professionals are considered as demigods. 
(c) Immigrant Indians are the biggest IT group in the US. 
(d) Due to the severe shortage of IT professionals, companies are failing to complete projects and are unable to sign contracts. 
(e) The bad economic situation in the US can lead to some of the IT companies shutting down.

Q2. The owners of private educational institutions have conveniently stepped into the shoes of shrewd businessmen, due to the absence of government control over them.
(a) The importance of education in the development of society cannot be underestimated.
(b) The inability of government schools to educate the vast population resulted in the mushrooming of private institutions.
(c) The owners of private educational institutions are more interested in monetary gains than in imparting quality education. 
(d) People generally believe that the standard of lower compared to private institutions. 
(e) It is sad that education is slowly going into the hands of businessmen whose main concern is anything but quality in education.