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Current affairs : January 14, 2017 for all competitive exams

Indian harvest festivals:
The Harvest season is on and festivities have gripped the nation from the north to down south.
  • The festival of Makar Sankranti is being celebrated today when the Sun enters the Makar zodiac and the days begin to lengthen compared to nights.
  • In South India and particularly in Tamil Nadu, it’s the festival of Pongal which is being celebrated over 4 days at harvest time.


Signing of Bilateral Advance Pricing Agreement by CBDT
The Central Board of Direct Taxes (CBDT) has entered into a Bilateral Advance Pricing Agreement (BAPA) with Indian subsidiary of a Japanese trading company.
  • With this, total three Bilateral APAs are now signed with Indian subsidiaries of Japanese companies all including rollbacks. The total number of bilateral APAs entered into by the CBDT is now eight.


Ken-Betwa river link project gets green panel’s nod
Government’s ambitious Rs 9,393 crore Ken-Betwa river interlinking project that will irrigate 6.35 lakh hectares and mitigate drinking water woes of Bundelkhand region has received clearance from the green panel and Tribal Affairs ministry.
  • However, the final clearance for the project is yet to be given by Union Minister of Environment and Forest, which normally takes into account the green panel EAC’s recommendation.


India's First Madame Tussauds Museum In Delhi Unveils Wax Figures Of Big B, Lady Gaga
India is all set to get its first wax museum in June 2017 unveils Wax Figures Of Amitabh Bachchan, Lady Gaga. 
  • Madame Tussauds, the legendary wax attraction entertainment hotspot is all set to open its doors in capital New Delhi.
  • Located in the heart of the Delhi - Connaught Place at Regal Cinema, the dazzling entertainment zone will represent the fascinating world of politics, glamour, sports and music, through planned themes and interactive platforms.


Kerala Launched its First Solar Powered Boat Aditya
The Chief Minister of Kerala, Pinarayi Vijayan inaugurated the first solar-powered boat of the state water transport department, Aditya on January 12, 2017 at a function held in Vaikom boat Jetty in Kerala.
  • Piyush Goyal, Minister of State with independent charge for New & Renewable Energy,  Solar Powered boatwas the chief guest.




Car carrier service starts between Gujarat and Mangaluru
In line with Government of India's policy of implementing the vision for coastal shipping, tourism and regional development, New Mangalore Port Trust (NMPT) has introduced Car carrier service between Gujarat and Mangaluru.
  • The pure car and truck carrier MV Dresden sailed out to Cochin after discharging Tata Cars and loaded trucks at the port 


Silver Jubilee Celebrations of NBCFDC
The Silver Jubilee celebrations of National Backward Classes Finance & Development Corporation (NBCFDC) was recently inaugurated. 
  • A short film “HamariKahani” based on the experiences of beneficiaries of NBCFDC and a book entitled “Safalata Ki Kahaniyan” were also brought out by NBCFDC on the success stories of the beneficiaries on the occasion.
  • NBCFDC is a Govt. of India Undertaking under the aegis of Ministry of Social Justice and Empowerment


Number of unemployed in India to climb: ILO
The International Labour Organisation (ILO) has released its report on World Employment and Social Outlook for 2017.  
  • The number of jobless will increase from 17.7 million in 2016 to 18 million by 2018 even though the country’s unemployment rate is expected to go down from 3.5% to 3.4% in 2017.
  • Globally, the number of jobless people will increase by 3.4 million in 2017. The global unemployment rate is expected to rise modestly from 5.7 to 5.8% in 2017 as the pace of labour force growth outstrips job creation.


Ecuador takes chair of UN group of 134 developing countries
Ecuador has taken over from Thailand as chair of the Group of 77 which promotes the interests of the 134 developing countries it represents at the United Nations, including China.
  • Ecuador’s President Rafael Correa Stated the handover ceremony that the group will continue promoting “social and economic equality.”


US lifts 20-year economic embargo on Sudan
The United States has announced the end of a 20-year economic embargo on Sudan, lifting trade and financial sanctions in an effort to foster ties with the Sudanese government. 
  • The announcement made by outgoing President Barack Obama’s administration on Friday comes after an executive order to permanently repeal a range of sanctions as a result of Sudan’s efforts to improve security in the region.


Airtel’s Payments Bank Starts Operation with Initial Investment of Rs. 3000 Crore
Airtel Payments Bank the first payments bank started its nationwide operations on January 12, 2017 with an initial investment of Rs 3,000 crore and offering an interest rate of 7.25 per cent for savings accounts. 
  • The bank was launched by Finance Minister Arun Jaitley. 
  • This is the first payments bank which will be opened across 29 states in India to provide financial services to the millions who are outside the banking system.



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