Edristi Current Affairs May-2017

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UPSI-2016, SSC CPO SI, MTS and UPPPCS Pre-2017 FREE Online Practice Test

UPPPCS Pre-2017, SSC CPO SI-2017 and SSC MTS-2017 FREE Online Practice Test available on http://ssgcp.in/ . For old website go to link “Login to old website” and get your old test.

Govt. sold 2.5 percent stake in L&T

Govt. sold 2.5 percent stake in L&T

Question: What is the fiscal deficit target of the government?
(a) 3.2 percent of GDP
(b) 4.5 percent of GDP
(c) 2.5 percent of GDP
(d) 1.5 percent of GDP
Ans: (a)
Related Fact :

  • On June 21, 2017, India sold a 2.5 per cent stake in engineering and construction group company Larsen & Toubro Ltd (L&T).
  • This has brought in cash of more than Rs. 4,000 crore to the government.
  • The stake which was held by the Specified Undertaking of Unit Trust of India (SUUTI) was sold through block deals in stock markets.
  • SUUTI (government owned unit) owned a 6.68 per cent stake in L&T as of the end of March.
  • India is aiming to raise Rs. 72,500 crore through the sale of partial government stakes in state-run and private firms during the year to March 2018, to meet fiscal deficit target of 3.2 per cent of gross domestic product.

Reference:
http://www.thehindubusinessline.com/companies/govt-sells-619-mn-stake-in-lt/article9731981.ece?homepage=true

Banks to deposit junked notes at RBI by July 20

Banks to deposit junked notes at RBI by July 20

Question: Bank notes of Rs . 500 and Rs. 1000 were demonetized on …
(a) November 8, 2016
(b) November 11, 2016
(c) November 10, 2016
(d) November 09, 2016
Ans: (a)
Related Fact :

  • According to a recent notification by Department of Economic Affairs, the Finance Ministry has asked banks and post offices to deposit junked Rs. 500 and Rs. 1,000 notes with the Reserve Bank of India by July 20.
  • This is the second window the government has provided to banks, post offices and cooperative banks for depositing the junked notes with RBI.
  • The earlier window was open till December 31, a day after the 50-day period of demonetisation of high value currency.

Reference:
http://www.thehindubusinessline.com/money-and-banking/banks-post-offices-allowed-to-deposit-old-bank-notes-with-rbi/article9731885.ece?homepage=true
http://dea.gov.in/

Resignation of Uber CEO Travis Kalanick

Resignation of Uber CEO Travis Kalanick

Question: Uber Technologies Inc. is a multinational technology company of which of the following countries?
(a) USA
(b) France
(c) German
(d) United Kingdom
Ans: (a)
Related Fact :

  • Uber Technologies Inc Chief Executive and co-founder Travis Kalanick resigned on June 20, 2017.
  • Kalanick’s departure comes after a lengthy investigation led by former U.S. Attorney General Eric Holder.
  • Uber workplace culture and practices were under scrutiny after a female former employee publicly accused the company of sexual harassment.
  • Uber lost $2.8 billion in last year itself and another $708 million in the first quarter this year 2017.

Reference:
https://www.reuters.com/article/us-uber-ceo-idUSKBN19C0G6

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