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Banking and Financial Awareness 25 August 2015 - 31 August 2015

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Economy Current Affairs

Under the direct benefit transfer (DBT) at least 1.5 lakh families in which 1st 3 cities in India will get cash in the bank accounts of their family members in place of getting subsidized wheat and rice from 1 Sept 2015?: Chandigarh, Puducherry and Dadra and Nagar Haveli

Explanation: The direct benefit transfer (DBT) scheme for PDS foodgrains is being rolled out on a pilot basis from September 1 and government expects this can prove to be the solution to pilferage of subsidized grains under the present public distribution system. As per the scheme, the beneficiaries can use the amount paid by the government to buy foodgrains from the open market. The three Union Territories are among the 26 states and UTs where 100% digitization of ration cards has been achieved. Moreover, these cards have been linked to the bank accounts of beneficiaries and the UT administrations are close to completing their seeding with Aadhar. 

The Central government on 25 August 2015 released the data on Population by Religious Communities of Census 2011. Which entity of the government is responsible to release this data?: The Registrar General and Census Commissioner of India

Explanation: The distribution is total population by six major religious communities namely, Hindu, Muslim, Christian, Sikh, Buddhist, Jain besides "Other Religions and Persuasions" and "Religion not stated".  The data are released by sex and residence up to sub-districts and towns. Total Population in 2011 is 121.09 crores ; Hindu 96.63 crores (79.8%); Muslim 17.22 crores (14.2%); Christian 2.78 crores (2.3%); Sikh 2.08 crores (1.7%); Buddhist 0.84 crores (0.7%); Jain 0.45 crores (0.4%), Other Religions & Persuasions (ORP) 0.79 crores (0.7%) and Religion Not Stated 0.29 crores (0.2%). The growth rate of population in the decade 2001-2011 was 17.7 %. The growth rate of population of the different religious communities in the same period was ----- Hindus: 16.8%; Muslim: 24.6%; Christian: 15.5%; Sikh: 8.4%; Buddhist: 6.1% and Jain: 5.4%.

Population Of religious communities: Total Population in 2011 is 121.09 crores

Hindu 96.63 crores (79.8%)

Muslim 17.22 crores (14.2%)

Christian 2.78 crores (2.3%)

Sikh 2.08 crores (1.7%)

Buddhist 0.84 crores (0.7%)

Jain 0.45 crores (0.4%)

Other Religions & Persuasions (ORP) 0.79 crores (0.7%)

Religion Not Stated 0.29 crores (0.2%)

Growth rate of population in 2001-2011: Growth rate of total population -17.7%

Hindus-- 16.8%

Muslim-- 24.6%

Christian-- 15.5%

Sikh- 8.4%

Buddhist-- 6.1%

Jain-- 5.4%

The Centre on 27 August 2015 announced names of 98 proposed smart cities, these cities will get 100 crore rupees in how many years for being developed into smart cities?: Every year for the next five years

Explanation: 13 cities from Uttar Pradesh,12 from Tamil Nadu,10 from Maharashtra, 7 from MP, 3 each from Bihar and Andhra Pradesh included in smart cities. Thus, the 13 crore population across 98 cities which is 35 percent of urban population will be covered under this smart city mission. 

NITI Aayog on 27 August 2015 launched which version of the India Energy Security Scenarios 2047 (IESS 2047) by its Vice Chairman Arvind Panagariya in New Delhi..?: Second version

Explanation: The first version of the energy calculator was launched by Planning Commission on 28 February 2014, which is now defunct. The open source web based tool aims to explore a range of potential future energy scenarios for India, for diverse energy demand and supply sectors leading up to 2047. Key Features of India Energy Security Scenarios 2047 – II version:

• Its purpose is to engage various stakeholders in the country’s energy planning and facilitate informed debates at different levels.

• It explores India’s possible energy scenarios across energy supply sectors such as solar, wind, bio fuels, oil, gas, coal and nuclear and energy demand sectors such as transport, industry, agriculture, cooking and lighting appliances.

• The model allows users to interactively make energy choices, and explore a range of outcomes for the country-from carbon dioxide emissions and import dependence to land use.

• It will support the Government’s vision of achieving power for all and 175 GW of renewables by 2022, rural electrification and reducing import dependency.

• It will enable policy makers and parliamentarians make a more secure and sustainable energy future for India.

• It was developed in consultation with multiple stakeholders, such as think tanks, industry bodies and research organizations.

• The UK Department for Energy and Climate Change (DECC) is the initiative partner with NITI Aayog in this project.

• Similar to this tool, more than 20 countries have now developed their own energy/climate calculators, such as China, Bangladesh and South Africa.

Petroleum and Natural Gas Ministry on 30 August 2015 launched online LPG service, which will help consumers avoid hassles in getting new connections. What is the name of this new service?: Sahaj

Explanation: The new system will be available on the websites of each oil company and the government's LPG portal, Pahal, which will allow prospective consumers to get a connection from the comfort of their home. The facility will be simultaneously launched at Ahmedabad, Bengaluru, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Hyderabad, Kolkata, Lucknow, Mumbai, Patna and Pune. This launch is also seen as the in another boost to government's digital India campaign.

Finance Current Affairs

To create more transparency in the methodology and system, government on 27 August 2015 launched which method to accept compensatory amount for diversion of forest land in the country?: E-payment module

Explanation: The verification of receipt of compensatory levies in the ad-hoc CAMPA has, till now, been done manually. Thus, the current system, however, involves various steps, making it a time-taking process. Therefore, now addition of E-payment process will cut delays and bring transparency in the system which is meant to collect funds from user agencies which divert forest land for 'non-forest' purpose. CAMPA was created by the government under a Supreme Court order of October, 2002. So far, Rs 38,000 crore has been accumulated with the ad-hoc CAMPA. This fund is meant for carrying out reforestation and other related activities including protection of forest area and wildlife conservation. The collected amount, however, remains unspent in absence of an institutional mechanism to disburse the money to states. The government had also introduced the Compensatory Afforestation Fund (CAF) Bill in Lok Sabha during the budget session in May 2015. The proposed legislation seeks to pave the way for expeditious utilization of the fund, which has been kept unused for years, for increasing forest cover in the country.

Worried over circulation of fake currency notes by elements in Pakistan, India will seek cooperation from which country on 28 August 2015?: United States

Explanation: India seek US help to impose sanctions and blacklisting firms which provides paper, ink and machinery for printing currency notes in excess to the requirement of any country. Any entity associated with sale, manufacture and trade of the currency printing machine, equipment, services and consumables would be blacklisted by both countries if found to be involved supplying machine, material of services to a country or entity known to be printing counterfeit currency notes.

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Current affairs 31st August 2015 contain all the latest news and current events from India and Abroad. User can find the 31st August 2015 affairs article which is a detailed analysis and discussion of news stories that have recently occurred. These news articles are made on the topic Sahaj, online LPG service, Registrar General and Census Commissioner of India, Religious Communities of Census 2011 and many other are best study material for the students which are preparing for the competition exams, government exams, Banking exams, IAS exam and many other.

31st August 2015 Current Affairs is available in Question and Answer format which will also help reader to prepare in Objective format. On Time2study, Current affair category contains the articles for each day and these articles have the detailed background of each topic. Current affairs from India and abroad are teller made to the user and thus one can find very interesting, selected and important topic on Current events to read and prepare the notes for exam. Current affairs 31st August 2015 is made on the subjects Direct benefit transfer, PDS foodgrains, Aadhar, fake currency notes, E-payment module, CAMPA, Compensatory Afforestation Fund, smart cities, NITI Aayog, ndia Energy Security Scenarios 2047, IESS 2047, UK Department for Energy and Climate Change that have recently occurred.