24 October 2017 Current Affairs

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24 Oct, 2017

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1) Who was appointed as Union Government’s interlocutor for Jammu and Kashmir on 23 October 2017 as the NDA government made its first concrete attempt to reach out to Kashmiris? – Dineshwar Sharma

Explanation: Former chief of the Intelligence Bureau Dineshwar Sharma was on 23 October 2017 appointed Centre’s interlocutor for Jammu and Kashmir. The government also gave him “complete freedom” to talk to all groups and individuals” including Kashmiri separatists.

A third-generation police officer, Dineshwar Sharma, 63, retired in December 2016 after leading the domestic spy agency, the Intelligence Bureau, for two years.

This is the first concrete attempt by the NDA government to reach out to Kashmiris and comes after a particularly-focussed offensive by security agencies to crack down on foreign funding for separatists and local commanders of terrorist groups active in the Kashmir Valley.

In 2010, the Manmohan Singh government too had appointed a group of three interlocutors led by eminent journalist Dilip Padgaonkar who had given their final report in a year. But most recommendations that called for review of laws that give security forces immunity from prosecution without the government’s approval and allow detention of people for years on suspicion, were not accepted.


2) During October 2017 the Union Government made it mandatory for banks and financial institutions to check the original identification documents of individuals dealing in cash above the prescribed threshold, to weed out the use of forged or fake copies. What is this prescribed threshold? – Rs. 50,000

Explanation: The Department of Revenue in the Finance Ministry during October 2017 issued a gazette notification making an amendment to the Prevention of Money-laundering (Maintenance of Records) Act (PMLA). The new rule now requires the reporting entity to compare “the copy of officially valid (identification) document so produced by the client with the original and recording the same on the copy” when doing cash transactions over Rs. 50,000.

Intermediaries like stockbroker, chit fund company, cooperative bank, housing finance institution and non-banking finance companies are also classified as reporting entities.

It is worth mentioning that PMLA forms the core of the legal framework put in place by India to combat money laundering and generation of black money.



3) India’s first Pradhan Mantri Kaushal Kendra (PMKK) for Skilling in smart cities was inaugurated at which place on 23 October 2017? – New Delhi

Explanation: India’s first Pradhan Mantri Kaushal Kendra (PMKK) for Skilling in smart cities was inaugurated in New Delhi on 23 October 2017 by Union Minister Rajnath Singh.

National Skill Development Corporation (NSDC), an executive arm of Skill Development Ministry, has collaborated with New Delhi Municipal Council (NDMC) Smart City Limited for setting up this PMKK for smart cities.

This centre located at Mandir Marg, leverages NDMC’s infrastructure for skilling initiatives.


4) Who was appointed the new CEO of India operations of Hong-Kong and Shanghai Banking Corp. Ltd (HSBC) on 23 October 2017? – Jayant Rikhye

Explanation: Jayant Rikhye has been appointed as the Chief Executive Officer (CEO) of the India operations of Hong-Kong and Shanghai Banking Corp. Ltd (HSBC), the bank announced on 23 October 2017. He will replace Stuart Milne on 1 December 2017.

Rikhye has worked across various divisions at HSBC including corporate banking in Taiwan, institutional fund services in Hong Kong and head of securities services for the Middle East and North Africa, based in the United Arab Emirates.


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