Daily GK Digest – Jan 31 – Top Current Affairs

Daily GK Digest

Daily GK Digest – January 31st, 2017 for top current affairs of today. 

Bookmark this page (Ctrl+D) for viewing latest GK Digest Updates.

Daily GK Digest

Here is the daily GK Digest for January 31st, 2017.

Daily GK Digest : Top Five Current Affairs for Today

Finance Minister Presented Economic Survey 2016-17

  • Economic Survey says economic growth to return to normal as new currency notes in required quantities come back into circulation and follow-up action on demonetisation is taken.
  • The CPI based core inflation remained stable in the current fiscal year averaging around 5 per cent.
  • The Economic Survey says that the rupee performed better than most of the other emerging market economies.
  • The total area coverage under Rabi crops as on 13.01.2017 for 2016-17 is 616.2 lakh hectares which is 5.9 per cent higher than that in the corresponding week of last year.
  • The area coverage under Gram (Channa Dal) as on 13.01.2017 for 2016-17 is 10.6 percent higher than that in the corresponding week of last year.

Ordinances on bank notes, Enemy Property tabled in Parliament

  • An Ordinance under which old denomination notes of Rs 500 and Rs 1,000 will cease to be liabilities of the Reserve Bank of India was tabled in both Lok Sabha and Rajya Sabha.
  • Ordinances on ‘The Enemy Property (Amendment and Validation) 2016 and the ‘Payment of Wages’ (Amendment), promulgated on December 22 and 28 of last year, respectively, were also tabled in both the Houses.
  • The Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016, promulgated on December 30 last year, in pursuance to the announcement by Prime Minister Narendra Modi on November 8 to scrap notes of Rs 500 and Rs 1000, was tabled in the Lok Sabha by Minister of State for Parliamentary Affairs SS Ahluwalia.
  • In the Rajya Sabha, the three ordinances were tabled by Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi. The ordinances were tabled after President Pranab Mukherjee’s address to joint sitting of both Houses.

Deutsche Bank Fined Nearly $630 Million

  • New York and British authorities on Monday slapped nearly $630 million in fines on German banking giant Deutsche Bank over alleged money laundering in Russia, New York State’s Department of Financial Services announced.
  • The scheme illegally moved $10 billion out of Russia, using so-called mirror trades among the bank’s Moscow, London and New York offices, authorities said.
  • DFS fined the bank $425 million, while FCA’s fine was 163 million pounds, or about $204 million.
  • Bank units tasked with legal compliance and preventing money laundering were understaffed and ineffective, the DFS said.

Supreme Court refuses to stay Tamil Nadu’s law allowing jallikattu

  • The Supreme Court on today refused to stay the Tamil Nadu government’s law permitting jallikattu, but agreed to hear a plea against the law.
  • The apex court gave the Tamil Nadu government six weeks to reply to it on the law.
  • The court also slammed the state government for allowing people to defy its order on jallikattu, and for failing to maintain law and order in the state.
  • The court had banned the controversial sport in 2014, on the grounds that it was cruel to bulls.
  • The plea was filed by the Animal Welfare Board, and other activists sympathetic to its views. They said the law was illegal and unconstitutional.

Wage Hike For Contractual Employees In Haryana

  • The Haryana government has decided to increase wages and honorarium of contractual and outsourced employees by 14.29 per cent with effect from January 1 this year.
  • State Finance Minister Abhimanyu said today that the decision would benefit over 71,000 contractual and outsourced employees and the exchequer would have to bear an additional burden of about Rs. 100 crore per annum.
  • He said that under the Part-I outsourcing policy, an unskilled person who was initially getting Rs. 8,100 per month would now get Rs. 9,258.
  • Similarly, a semi-skilled person would get Rs. 10,286 instead of Rs. 9,000. Monthly wages of skilled persons and highly skilled persons would be raised to Rs. 11,429 and Rs. 12,572, instead of earlier Rs. 10,000 and Rs. 11,000, respectively.
  • This hike would benefit about 7,215 employees to the tune of over Rs. 12.83 crore per annum.