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Current Affairs of 30 Dec 2017

Keshav Kishore, Published On:30-Dec-2017


1.       Additional Central Borrowing will breach the fiscal deficit target

• The additional borrowing of Rs 50,000 crore to bridge the shortfall created by Goods and Service Tax (GST) collection gives a negative signal for fiscal deficit target of 3.2% of GDP for the running financial year 2017-18.

• It will further delay the lending rate-cuts which are already delayed because of bank recapitalization and G-secs sell off.

• Global brokerage expects to keep the fiscal deficit target of 3.2% which is approx Rs. 4, 92, 000 crore.


2.       Pluto Exchange announced India’s first bitcoin trading app

• Cryptocurrency dealer Pluto Exchange has announced India’s first mobile app for transacting in virtual currencies.

• There will be a four-digit personal identification number through which users can buy, sell, store, and spend bitcoins via a mobile number.

• It will offer to solve the coordination problem between payment processors, financial gateways and banks.


3.       Air Corridor form Mumbai to Kabul

• India and Afghanistan recently inaugurated their second air cargo route linking form Mumbai to Kabul.

• The first air corridor was launched in June this year by linking New Delhi to Kabul.

• It will further give an impetus to Afghan’s export of fruits and medicinal plants to India.

• Via first corridor Afghanistan has exported 10640 tonnes of goods which is of worth over $20 million.


4.       Loksabha passed Triple Talaq Bill

• The Muslim Women (Protection of Rights on marriages) Bill 2017 has been passed by Loksabha , in which instant triple talaq is illegal and there is a provision of three years jail for husband.

• This law will only applicable for the practice of ‘talaq-e-biddat’ or instant triple talaq.

• The marriage is a civil contract in Islam and civil matters for Muslim community are regulated by Shariat law in India.


5.       India successfully test-fires AAD Supersonic Missile

• Indigenously developed Advanced Air Defence supersonic interceptor missile was successfully test-fired in Odisha.

• It is capable of destroying any incoming ballistic missile in low altitude range of 30 Km.

• This was third supersonic interceptor test in this year.

• This interceptor is 7.5 long and is a single stage solid rocket propelled guided missile which is equipped with a navigation system.







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