Daily Current Affairs 11th January 2020

Table of Contents

Dear Aspirants,

General awareness section is the most important part of every competitive exam, it can help you score well in the exam if you are updated with all the current news. Banking Awareness, Static GK and the current news are the parts that make the GA section complete. It is important to know what is happening in and outside of India. GK updates are incorporated with the important news that made the headlines today. It is the complete bag of the important news that held all day long. One should have complete knowledge about the banking terms, current affairs news, etc. So, here is the GK update of 11th January to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. “Paperless Licensing Process” launched for Petroleum Road Tankers

The “Paperless Licensing Process” has been launched by the Department for Promotion of Industry and Internal Trade (DPIIT), for Petroleum Road Tankers.
DPIIT has launched the process through Petroleum and Explosives Safety Organisation (PESO). The process has been launched under the Petroleum Rules, 2002.
The “Paperless Licensing Process” will led to online filing of the applications including the fee payment and thus heading towards digitisation.
The applicants will be intimated through email and SMS. Under the above process, the license would be authorised by the concerned officer and would be electronically dispatched to the applicant.

Important takeaways for all competitive exams:

Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry is a Central Government department.
Union Minister of Commerce and Industry: Piyush Goyal.

2. Union Home Minister inaugurates I4C & National Cyber Crime Reporting Portal

Union Home Minister has inaugurated the National Cyber Crime Reporting Portal and Indian Cyber Crime Coordination Centre (I4C) located in New Delhi.
The National Cyber Crime Reporting Portal is a citizen centric vision which enables people to report cyber crimes online. The NCCRP will also provide access of cyber crime related complaints to the law enforcement agencies of the states and union territories to take action according to the law.
It will also increase the coordination among the law enforcement agencies of the states and union territories in investigation of cases and resolving them. Presently, 3900 police stations and 700 police districts have been linked with the portal “cybercrime.gov.in”.
It constitutes 7 elements: National Cyber Crime Research and Innovation Centre, National Cyber Crime Forensic Laboratory Ecosystem, National Cyber Crime Training Centre, Cyber Crime Ecosystem Management Unit, National Cyber Crime Threat Analytics Unit, National Cyber Crime Reporting Portal and Platform for Joint Cyber Crime Investigation Team.
Indian Cyber Crime Coordination Centre (I4C) will manage all kinds of cyber crimes comprehensively in coordinated manner. At the Home Ministry’s initiative, 15 States and UTs have cleared the setting-up of Regional Cyber Crime Coordination Centres.

Important takeaways for all competitive exams:

Union Home Minister: Amit Shah.

Banking & Economy News

3. RBI releases “National Strategy for Financial Inclusion” report

The Reserve Bank of India has released a report “National Strategy for Financial Inclusion (NSFI): 2019-2024“. The National Strategy for Financial Inclusion for the period 2019-2024 has been formulated by RBI under the aegis of Financial Inclusion Advisory Committee (FIAC).
The report has been ratified by the Financial Stability Development Council (FSDC).
As per the official statement, “the National Strategy for Financial Inclusion 2019-2024 sets forth the vision and key objectives of the financial inclusion policies in India to help expand and sustain the financial inclusion process at the national level through a broad convergence of action involving all the stakeholders in the financial sector.
The strategy aims to provide access to formal financial services in an affordable manner, broadening & deepening financial inclusion and promoting financial literacy & consumer protection.”

The report stated the following 6 pillars as part of strategic objectives to achieve the aim of financial inclusion:

Universal Access to Financial Services
Providing basic bouquet of financial services
Access to livelihood and Skill Development
Financial Literacy and Education
Customer Protection and Grievance Redressal
Effective Co-ordination

Important takeaways for all competitive exams:

RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

Ranks & Reports

4. Union Government unveils State Energy Efficiency Index 2019

The Union Government has released the “State Energy Efficiency Index 2019”. The index was released during the ‘Review, Planning and Monitoring (RPM)’ meeting held in New Delhi.
The index is developed by Bureau of Energy Efficiency (BEE) along with Alliance for an Energy Efficient Economy (AEEE). The SEE Index 2019 traces the expansion and achievements of Energy Efficiency (EE) drives running in 36 states and union territories.
The SEE Index 2019 constitutes quantitative, qualitative and outcome based 97 indicators to check energy efficiency initiatives, programs and outcomes in five distinct areas: transport, industry, agriculture, buildings, municipalities, and DISCOMs.
State Energy Efficiency Index 2019 has divided States/UTs into 4 groups on the basis of Total Primary Energy Supply (TPES) desired to meet the State’s/UT’s actual energy demand through electricity, coal, oil, gas, etc. across all the sectors. The 4 groups are: ‘Front Runner’, ‘Achiever’, ‘Contender’ and ‘Aspirant’.

Key results of SEE Index 2019:

The State Energy Efficiency Index 2019 was topped by Haryana, Karnataka and Kerala while Manipur, Jammu & Kashmir, Jharkhand and Rajasthan performed worst in their respective groups.
The states of Haryana, Karnataka and Kerala were in “Achiever” group and there was not a single state in the “Front Runner” group.

Obituaries

5. Ruler of Oman Sultan Qaboos bin Said passes away

The longest serving ruler of Oman Sultan Qaboos bin Said passed away. He was a charismatic and visionary leader who transformed Oman into a modern and prosperous nation. He was ruling Oman since 1970.
The Sultan is the prime decision-maker in Oman and also holds the portfolio of Prime Minister, supreme commander of the armed forces, minister of foreign affairs, minister of finance and minister of defence.

Important takeaways for all competitive exams:

Capital of Oman: Muscat; Currency: Omani rial.

Defence News

6. India deploys INS Vikramaditya in Arabian Sea amid Ex.’Sea Guardians’

India has deployed its aircraft carrier INS Vikramaditya in Arabian Sea. The aircraft carrier was deployed amid the Pakistan-China naval exercise “Sea Guardians” taking place in North Arabian Sea.

Important takeaways for all competitive exams: