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1Jan Dhan accounts under scanner

Pradhan Mantri Jan Dhan accounts will be probed to clamp down if misused

  • Any ‘spurt’ in deposits in the Pradhan Mantri Jan Dhan accounts will be probed to clamp down on their misuse to launder money, the Finance Ministry said after the second review of the demonetisation.
  • Information has been received that there is a sudden spurt in the quantum of deposits in several Jan Dhan accounts.

Rs. 50,000

Deposit amount exceeding will scrutinized

2Kejriwal takes graft charge to PM’s doorstep

Delhi CM makes allegation on the floor of the Assembly

  • Delhi Chief Minister Arvind Kejriwal charged that Prime Minister Narendra Modi was among the several politicians who were allegedly paid crores of rupees by at least two corporate houses over the years.
  • Addressing the Assembly, Mr. Kejriwal said, “The big corporates — Birla and Sahara — had paid bribes to the then Gujarat Chief Minister.

Bribe Allegation on Gujarat Chief Minister

  • Birla
  • Sahara

3Now, ink to deter repeat cash swap

Exchange of old notes for Rs. 4,500 is a one-time opportunity

  • The government asked banks to start using indelible ink to mark and identify persons who exchange old Rs. 500 and Rs. 1,000 notes upto Rs 4,500 to ensure that the facility isn’t used multiple times.
  • A small mark of indelible ink, used during elections to prevent multiple voting, will be put on the right hand finger of persons exchanging the recalled currency notes..

Shaktikanta Das

Economic Affairs Secretary

4Winter session of Parliament begins today

Nine bills likely to be introduced.

  • The month long winter session of Parliament begins on 16th November 2016. During the session, nine new bills including on GST and surrogacy regulation will be introduced in Parliament.
  • Indian Institutes of Management bill to confer statutory status to the institutes and competence to award degrees, HIV-AIDS Prevention and Control, Mental Health Care and Consumer Protection Bills will be taken up for consideration and passing

Main Bills

  • IIT
  • HIV
  • Mental health care

5Cabinet approves constitution of special committee for inter- linking of rivers

Project will carried under National perspective plan

  • The Union Cabinet today approved constitution of ‘special committee for inter-linking of rivers’ in compliance with a Supreme Court order, a move the government said will help in monitoring “precious” projects to be carried out under its National Perspective Plan, 1980.
  • The status-cum-progress report of the special committee will be submitted bi-annually for information of Cabinet to facilitate “faster and appropriate” decisions in the interest of the country.

Two main components of National plan

  • Himalayan Rivers Development, and
  • Peninsular Rivers Development

6Trump and Putin speak to each other, agree to mend ties

Talks between two leaders of US and Russia

  • US President Donald Trump and Russian President Vladimir Putin have spoken over the phone for the first time. The two leaders agreed to jointly work to normalise the “extremely unsatisfactory state” of ties between Russia and America.
  • During the US presidential campaign, senior American security officials accused Russia of hacking the computers at the Democratic National Committee headquarters and releasing emails that proved embarrassing to Hillary Clinton campaign. Putin denied any state role in the hacking.

Cyber war on US 2008

The worst breach of U.S. military computers in history

7Termination clause in civil nuclear deal with Japan not binding on India: Govt

Japan has a termination clause in the agreement

  • The just-signed historic civil nuclear deal signed with Japan has a “termination” clause and has a separate note containing Japanese views regarding circumstances for scrapping of the agreement, which the government here insists is not binding on India.
  • Japan has made a major exception by signing the atomic cooperation agreement with India, despite it being non-signatory to the Nuclear Non-Proliferation Treaty (NPT)

Termination clause

Deal will terminated if India violates the deal of Sep 2008

8WhatsApp: The most secure app for making video calls?

Video calling in multiple platforms

  • WhatsApp on Tuesday rolled out its video calling feature in a phased manner to over a billion users around the world across multiple platforms (iphone, Android and Windows).
  • The release of the video calling feature has placed WhatsApp in direct competition with a number of popular apps like Google’s Duo and Apple’s FaceTime.

WhatsApp

WhatsApp, was incorporated in 2009 by Brian Acton and Jan Koum

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To Read Financial Awareness

Banking Awareness 16th November 2016 | Financial Affairs 16th November 2016.