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.