Current Affairs Update – 5th and 6th December, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs Update of 4th December, 2015. These are important for the upcoming IBPS Clerk Mains and Insurance Exams.

Finance/Insurance –

Irdai to launch portal "ROHINI" for health insurance plans information

  • With a view to bring all relevant information regarding health insurance policies at one place, Irdai chairman T S Vijayan will launch here tomorrow a portal 'Registry of Hospitals in Network of Insurers' (Rohini).
  • The portal will be having all the information like treatment facility, cost of treatment and cost of claims among others relating to the 35,000 hospitals which are registered by Irdai-promoted Insurance Information Bureau (IIB). "It's a unique initiative of Irdai which going forward will help insurance companies and hospitals and all the insured under various health insurance schemes to get all relevant data at one place," Insurance Regulatory and Development Authority of India (Irdai) member Nilesh Sathe told PTI.
  • Every hospital across the country connected with insurance companies for cashless payment on registration has been given a unique identification number under the initiative by Irdai so as to make IIB able to monitor the patterns of health insurance claims from all those hospitals.

Direct benefit transfer scheme sets Guinness Record

  • The Direct Benefit Transfer of LPG or PAHAL scheme, has been acknowledged by the Guinness Book of World records as the largest cash transfer programme in terms of number of households.
  • The scheme won the achievement on June 30 when it crossed 12.57 crore households. As on December 3, 14.62 crore households are part of the scheme.
  • As on April 1, 2015, there were 18.19 crore registered LPG consumers and 14.85 crore active consumers implying a gap of 3.34 crore connections that were either duplicate, fake or inactive accounts and have now been blocked under PAHAL.

Rural-focused e-tail firm StoreKing partners with Indian Oil

  • Assisted e-commerce platform StoreKing has tied up with Indian Oil to provide its services across petrol bunks in tier III and rural areas across the country. The partnership will give StoreKing access to 25,000 touch points across the country, out of which 7,500 are in rural locations.
  • The program which is being piloted in Karnataka, will see the setting up of kiosks at petrol bunks where customers will be able to order for products online, pay for them and pickup deliveries. StoreKing and Indian Oil plan to setup 250 such centres across the state by March next year.
  • StoreKing, which is trying to disrupt the e-commerce model in rural and semi urban areas shares between five and eight percent of the margins on each sale with franchise owners. While the tie up will help Indian Oil petrol bunk owners earn additional income, the oil company is looking at the partnership as a way to improve walk-ins.

India –

India’s forest and tree cover increased by 5081 sq km: India State of Forest Report 2015

  • The Union Environment Minister Prakash Javadekar on 4 November 2015 released the India State of Forest Report (ISFR) 2015. The report states that India’s forest and tree cover has been increased by 5081 sq km.
  • The total forest and tree cover is 79.42 million hectare, which is 24.16 percent of the total geographical area. While the total forest cover of the country has increased by 3775 sq km, the tree cover has gone up by 1306 sq km.

Highlights of the India State of Forest Report (ISFR) 2015
  • The total carbon stock in the country’s forest is estimated to be 7044 million tonnes, an increase of 103 million tonnes.
  • Majority of the increase in forest cover has been observed in open forest category mainly outside forest areas, followed by Very Dense Forest.
  • While Open Forest area has increased by 4744 sq km, which is 9.14 per cent of the geographical area.

India the Second Most Ignorant Nation of the World: Survey

  • India has the "dubious honour" of being the second most ignorant nation in the world after Mexico, according to a survey which posed questions on issues like inequality, non-religious population, female employment and internet access.
  • The survey conducted by Ipsos MORI, a London-based market research firm, polled 25,000 people from 33 countries and found that while people "over-estimate what we worry about", a lot of major issues are underestimated.
  • "Mexico and India receive the dubious honour of being the most inaccurate in their perceptions on these issues, while South Koreans are the most accurate, followed by the Irish," the survey said.
  • The rankings of the nations were based on the "Index of Ignorance" which was determined by questions about wealth that the top one per cent own, obesity, non-religious population, immigration, living with parents, female employment, rural living and internet access.
  • Most Indians "underestimate" how much of their country's wealth is concentrated in the hands of the top 1 per cent, the survey said, adding that the top 1 per cent actually own an "incredible" 70 per cent of all wealth.

Tata Trusts ties up with Khan Academy for free online education

  • Tata Trusts today announced it will be supporting US-based non-profit Khan Academy to provide free online education to Indians through one of the biggest open-access online platforms.
  • Tata Trusts chairman Ratan Tata did not specify the aggregate value of resources which will be granted to Khan Academy during the five year partnership by Tata Trusts, which controls 66% of the shares of Tata Sons, the holding company of the over $100 billion group.
  • Tata said the promise of free access to quality education is a "new era" and a "compelling opportunity" with a potential to multiply literacy rates which attracted the Trusts towards making the commitment.

Days –

International Volunteer Day observed globally

  • The International Volunteer Day (IVD) was on 5 December 2015 observed across the world with the theme The world is changing. Are you? Volunteer!.
  • This year's theme challenges everyone to be a part of implementing the newly launched Global Goals, the 2030 Agenda for Sustainable Development. Through volunteerism the person can impact the sustainable development agenda by mobilizing and engaging governments and communities.

Awards & Honors –

Punjabi Film Bags Top Honour at Singapore Film Festival

  • Punjabi film "The Fourth Direction" was honoured with the Best Film Award here at the 26th Singapore International Film Festival.
  • Directed by Gurvinder Singh, the 115-minute drama highlights the 1984 Punjab separatist movement unfolding it through stories of two friends embarked on a train journey to Amritsar.
  • The film, also called "Chauthi Koot" is based on two short stories by by Waryam Singh Sandhu focus on the conflict between Sikh separatists and the military in 1984.
  • Singh's first film in 2011 - "Alms for a Blind Horse" had also met international recognition besides several accolades and honours.
  • "Angry Indian Goddesses" was the second Indian film showcased at the festival held between November 26 to December 6, 2015.

World –

China's first electricity-powered aircraft RX1E approved for production

  • China's first domestically developed electricity-powered aircraft known as RX1E was on 4 December 2015 approved for production by Civil Aviation Administration of China.
  • RX1E electric light-sport aircraft was developed by Shenyang Aerospace University and it will be China's first manned electric light aircraft.

Highlights of the RX1E electric light-sport aircraft
  • This two-seater plane is powered by lithium batteries.
  • It is capable of flying a maximum altitude of 3000 meters.
  • A charging time of 90 minutes enables it to fly for 45 to 60 minutes.

Obituaries –

Veteran CPI Leader R.P. Singh Dies

  • Veteran CPI leader and former MP Ramashraya Prasad Singh died following a protracted illness at a private hospital here. He was 93.
  • He had represented Jehanabad parliamentary seat for four terms between 1984 and 1996, besides being a Member of Legislative Assembly (MLA) from Ghosi Assembly seat in the same district during an illustrious political career lasting over four decades.
  • Mourning the death, Chief Minister Nitish Kumar said Singh was a dedicated and hardworking political leader who gave all his life to social service and welfare of the poor people.
  • Kumar said that the cremation of the departed leader would be made with state honours.

Veteran Dovish Israeli Politician Yossi Sarid Dies, Aged 75

  • Yossi Sarid, a former Israeli government minister who was among the most vocal to advocate Israeli territorial concessions to resolve the conflict with the Palestinians, has died at age 75, his son says.
  • Sarid was known for the sharp and fiery comments he would fling at political opponents at parliament. His toughest exchanges came with hawkish lawmakers and ultra-Orthodox Jewish members.
  • He served in parliament for over four decades, including posts as education minister and environment minister. He led the dovish Meretz party before he retired in 2006.


Team ExamPundit


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