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December 14, 2017

14th December 2017 Events - Important Daily Current Affairs

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Dear Great Ambitionists, here are today's (14th December 2017) Important Current Affairs updates. Happy Reading :)

Daily Current Affairs of 14th December 2017

International Current Affairs
  • 10 leaders of the Association of Southeast Asian Nations (ASEAN) will be Chief Guests for  India's 69th Republic Day celebrations.
  • About ASEAN :
    • Full form : Association of Southeast Asian Nations
    • Motto : "One Vision, One Identity, One Community"
    • Secretariat : Jakarta
    • Chairman : Lee Hsien Loong
    • Secretary General : Le Luong Minh
    • Working Language : English
    • Members :
      • 10 Member States
      • Brunei
      • Cambodia
      • Indonesia
      • Laos
      • Malaysia
      • Myanmar
      • Philippines
      • Singapore
      • Thailand
      • Vietnam
      • 2 Observers
      • Timor Leste
      • Papua New Guinea
  • The word 'Feminism' has been named the Word of the Year by the Merriam-Webster dictionary.
    • This word was chosen because it was reported the sharpest increase in look-ups (around 70%) when compared to the previous year. 
National Current Affairs
  • The 27th National Energy Conservation Day is being observed in India today (14th December 2017).
  • This day is observed in India to make people aware about the importance of energy as well as saving or conserving the more energy by using less energy.
  • Important Points to Note :
    • The Energy Conservation Act in India was executed by the Bureau of Energy Efficiency (BEE) in the year 2001.
    • The Bureau of Energy Efficiency is a constitutional body which comes under Government of India and helps in the development of policies and strategies in order to reduce the energy use.
  • Uttar Pradesh Governor Ram Naik today launched the logo for the Kumbh Mela, which will be organised in Allahabad during January-March 2019. 
    • The logo features temples, saints, rivers, kalash, and the swastik among other elements. 
    • Tagline of Kumbh Mela 2019 : 'Chalo Kumbh chalo-chalo Kumbh chalo'  
    • Important Note : Recently the UNESCO has declared the Kumbh Mela as India’s ‘Intangible Cultural Heritage’.
Science & Technology
  • PM Narendra Modi today commissioned India's first indigenous Scorpene-class submarine Kalvari into the Navy at Mumbai's Naval Dockyard. 
    • The 1,565-tonne INS Kalvari is India's first new diesel-electric submarine in 17 years and will be followed by five other Scorpene submarines under the ₹23,000-crore "Project-75". 
    • It is equipped with acoustic silencing techniques and weapon launching tubes.
  • Bollywood actor-director Neeraj Vora, who starred in films like 'Baadshah' and 'Hello Brother', passed away. 
    • He also directed the 2006 film 'Phir Hera Pheri'.
Banking, Business & Economic Affairs
  • Chandigarh Administrator VP Singh Badnore has launched Smart city cards for facilitating payments for various government and commercial utilities in the Union Territory. 
    • The card, which can be availed by Aadhaar card holders, costs ₹500 of which ₹150 is non-refundable. 
    • While users can transfer up to ₹50,000 to the card, one-time passwords will be sent for transactions worth over ₹2,000.
  • The US Federal Reserve has raised the benchmark interest rate by 25 basis points, the third such increase in 2017.
    • The central bank officials still envisioned three more rate hikes in 2018, unchanged from their forecast in September, according to the latest quarterly projections released today.
  • The Hong Kong Monetary Authority, the city’s de facto central bank, raised the base lending rate by 25 basis points to 1.75 per cent, as it moves in lockstep with the equivalent overnight increase by the United States Federal Reserve to maintain the Hong Kong dollar’s peg to the greenback.
  • The Reserve Bank of India (RBI) has penalised IndusInd Bank with ₹3 crore for violating guidelines in the assessment of bad loans and extension of non-fund based facilities. 
    • Note : Earlier, RBI had imposed a penalty of ₹6 crore on Yes Bank for similar reasons and failing to report a cyber-security incident involving its ATMs on time.
  • US President Donald Trump today signed into law a defence policy bill that authorises a $700-billion (over 45 lakh crore) budget for the military
    • The bill includes additional spending on missile defence programs to counter North Korea's growing nuclear weapons threat and a pay raise for troops.
  • The Indian government today extended the deadline for linking of Aadhaar with bank accounts to March 31, 2018, or 6 months from the date of commencement of account, whichever is later.
Sports Current Affairs
  • India has become the first-ever team to register 300+ totals 100 times in ODIs, after posting 392/4 against Sri Lanka in Mohali on Wednesday. 
    • This was also the 25th instance of India scoring 350+ in an ODI innings, second-most by a team after South Africa (26).

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