Current Affairs

Weekly Current Affairs December: Week 1

Banking and Financial Awareness

  • The six-member monetary policy committee of RBI has decided to keep the repo rate unchanged at 6% under the liquidity adjustment facility (LAF) consequently; the reverse repo rate and bank rate also remained unchanged at 5.75% and 6.25% respectively. 
  • Corporation Bank has launched its RuPay Select and RuPay Platinum credit cards. 
  • Paytm Unveils 'Paytm Ka ATM' Partner Outlet for Banking Operations also it is the only bank providing zero balance accounts and zero charges on digital transactions. 
  • Axis Securities, a subsidiary of Axis Bank, has become the first-ever broking arm of a bank to take membership of a commodity exchange by registering itself with NCDEX. 
  • India's GDP Growth to Rising to 7.5 pc in 2018: Morgan Stanley 
  • Paytm Payments Bank rolled out Paytm FASTag to enable electronic toll fee collection on highways across the country, from December 1. 
  • Paytm Acquires Stake in online Loans Firm CreditMate. 
  • Paytm Introduces BHIM UPI for Seamless Money Transfer. 
Weekly Current Affairs December: Week I


  • Preet Didbal has been elected as the mayor of Yuba city in California, who is the first Sikh woman to hold the position in the United States. 
  • Azar A.H.Khan Appointed Next Ambassador of India to Turkmenistan. 
  • London Mayor Names Deepak Parekh as First International Ambassador. 
  • Swiggy Appoints Vishal Bhatia as CEO of New Supply Business. 
  • Ellie Goulding Honored as UN Environment Global Goodwill Ambassador. 
  • Rahul Singh, New President of the National Restaurant Association of India. 


  • France's biggest rock star Johnny Hallyday passes away. 
  • Veteran Actor Shashi Kapoor Passes Away. 
  • Singer Purabi Mukhopadhyay passes away. 
  • Ali Abdullah Salehi, former Yemen president was killed. 
  • Music director Adithyan passes away. 

Honour and Awards

  • Dangal Wins Best Asian Film Award at AACTA. 
  • President Ramnath Kovind confers 'National Awards for Divyangjan 2017' on the occasion of International Day of Persons with Disabilities, in New Delhi. 
  • The 23rd edition of the Star Screen Awards was held at Mumbai. 

Important Days

  • India's first President Rajendra Prasad 133rd birthday - 03rd December 2017 
  • World Soil Day: 5 December 2017 
  • 2017 Theme: ‘Caring for the Planet starts from the Ground’. 
  • International Volunteer Day for Economic and Social Development – 5th December. 
  • Theme – Volunteers act first, here, everywhere. 
  • Armed Forces Flag Day- 07 December 
  • International Civil Aviation Day – 7th December. 
  • Theme – Working together to ensure no country is left behind. 

MoUs and Partnerships

  • India and Cuba Sign MoU for Enhanced Cooperation in Health Sector. 
  • Indian and Italy Sign MoU for Cooperation in Agriculture and Phytosanitary Issues. 
  • India and Germany Sign Govt- to-Govt Umbrella Agreement. 

Important News- World

  • British singer-songwriter Ellie Goulding has been appointed as the Global Goodwill Ambassador for UN Environment. 
  • Venezuela has launched its own cryptocurrency called Petro. 
  • The US and South Korea have started their largest-ever joint air exercise Vigilant Ace. North Korea has labelled this exercise an "all-out provocation". 
  • Russia Banned From Winter Olympics 2018. 
  • A 16-year old boy Mohamad Al Jounde from Syria has been awarded the International Children's Peace Prize. 
  • The Silence Breakers’ Named Time’s Person of the Year for 2017. The "Silence Breakers" is a group of five women who came forward to share their experiences of sexual assaults and harassment at workplace. 
  • Christiano Ronaldo Wins 5th Ballon d'Or 2017. 
  • ADB Funds $580 Million for Reliance’s Bangladesh Power Plant Project. 
  • Iranian President Inaugurates First Phase of Chabahar Port. 
  • Supreme Court Allows Trump's Travel Ban to go into Full Effect. 
  • USA Now Recognizes Jerusalem as Israel's Capital. 

Important News- India

  • The first international conference and exhibition on AYUSH and wellness systems, International Arogya 2017, was inaugurated in Delhi by Suresh Prabhu, Minister of Commerce and Industry. 
  • India's largest floating solar power plant in the country at the Banasura Sagar dam in Wayanad was inaugurated by Kerala Electricity Minister M M Mani. 
  • Clean Sea-2017’, the Regional Level Marine Oil Pollution Response Exercise conducted by the Indian Coast Guard (ICG) at sea off Port Blair, Andaman & Nicobar Islands. 
  • Minority Status for Hindus: George Kurien Committee Constituted. 
  • Kumbh Mela, the largest congregation of pilgrims on the planet has secured its place in UNESCO's Intangible Cultural Heritage List. 
  • One of the seven wonders of the world and the symbol of eternal love Taj Mahal is UNESCO's second-best World Heritage Site in India. 
  • Amitabh Kant Panel to Tackle NPA in Power Sector. 
  • 6th International Tourism Mart to Begin in Guwahati. 
  • India’s Largest Floating Solar Power Plant Opens in Kerala. 
  • Kacheguda Railway Station in Hyderabad Becomes India’s First Energy-Efficient Railway Station. 

Business, Science and Technology

  • Tencent Becomes First Chinese Tech Firm Valued over $500 Billion. 
  • Uber Approves SoftBank Multibillion-Dollar Investment Offer 
  • PayPal Launches Domestic Payments in India. 
  • Ola Ties up with Microsoft to Build Connected Vehicle Platform 
  • ONGC Gets Government Nod for Acquiring HPCL. 


  • UAE, UK, US and French Armies Hold Joint Exercises in Abu Dhabi 
  • The Surface to Air Missile AKASH Successfully Launched. 
  • India has added another feather in its cap of indigenously built missiles by successfully testing surface-to-air Akash missile at Chandipur. 
  • South Korea, US Launch Largest Air Exercise. 

Important News- States

  • Andhra Pradesh Assembly Passes Kapu Reservation Bill. 
  • UP's Shamli Becomes 23rd District to be Included in NCR. 
  • The 6th edition of International Tourism Mart 2017 was inaugurated in Guwahati by the Governor of Assam Shri Jagdish Mukhi. 
  • UP, First State to Endorse Centre's Triple Talaq Draft Bill. 
  • Kerala to Raise Minimum Liquor Drinking Age from 21 to 23. 

Sports News

  • A visually impaired Reserve Bank of India employee has brought laurels to India by claiming gold at the World Para-Swimming Championship in Mexico. 
  • India Wins First-Ever South Asian Regional Badminton Team Championship. 
  • Yuvraj Singh Launches UNICEF-ICC's Adolescent Campaign. 
  • Russia Banned from 2018 Winter Olympics. 
  • Prithvi Shaw Named India's Captain for 2018 U-19 World Cup. 
  • Deepika Kumari Wins Bronze at Indoor Archery World Cup. 

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Weekly Current Affairs December: Week 1 Weekly Current Affairs December: Week 1 Reviewed by Aman Bhatia on December 11, 2017 Rating: 5

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