Current Affairs 2017 | Banking, SSC, UPSC Affairs

Current Affairs 2017 Questions and answers. Banking, SSC, UPSC Affairs

Sharad Pawar rejects claims of Shiv Sena poaching corporators, blames BJP for engineering defections’ 

Mumbai: Former union minister and NCP chief Sharad Pawar on Saturday rejected suggestions that the Shiv Sena had poached MNS corporators and maintained that it is the BJP which engages in politics of engineering defections.

On Friday, six of the seven corporators of the Raj Thackeray-led Maharashtra Navnirman Sena (MNS) joined the Shiv Sena, giving the Uddhav Thackeray-led party, which rules the Brihanmumbai Municipal Corporation, an edge over the ally BJP.

It would not be fair to say that the Shiv Sena has poached (MNS corporators). The BJP is known for playing politics (of poaching)…they did the same in Pune, Pimpri-Chinchwad. The Sena gave them a reply in the language they understand. I will not say much, but the BJP has sowed what it reaped,” Pawar said.

He was talking to reporters after meeting around 35 people against whom summonses have been issued by police for speaking against the state government on social media.

Premier League: Liverpool boss Jurgen Klopp says Manchester United got the point they came for

Liverpool: Liverpool manager Jurgen Klopp said Manchester United got the point they came for at Anfield on Saturday after a dour 0-0 Premier League draw.

Free-scoring United came into the match second behind Manchester City at the top of the league only on goal difference but Jose Mourinho set out his team to frustrate the home side’s attackers and had only one shot on target.

“Manchester United came here for a point and got it,” said Klopp, whose side went close either side of half-time through Joel Matip and Emre  can

Reliance Industries Jul-Sep quarter net profit up 12.5% to Rs 8,109 cr, revenue rises 23.9%

New Delhi: Oil-to-telecom conglomerate Reliance Industries today reported a 12.5 percent jump in its September quarter net profit after refining margin soared to nine year high and mobile telephony venture earned operational profit.

Net profit in July-September at Rs 8,109 crore, or Rs 13.7 per share, was higher than Rs 7,209 crore, or Rs 12.2 a share, in the same period of last fiscal, the company said in a statement.

The company earned $12 on turning every barrel of crude oil into fuel in Q2, up from $10.1 a barrel gross refining margin in same quarter of previous year and $11.9 a barrel in first quarter of the current fiscal.

A year after re-entry into telecom business, Reliance said it earned operating profit of Rs 260 crore with 1.53 crore subscribers being added in Q2 to take the total to 13.86 crore.

Total revenue was up 23.9 percent to Rs 1,01,169 crore.

Commenting on the results, RIL Chairman and Managing Director Mukesh Ambani said robust performance in the quarter is helped by “the financial performance of Reliance Jio which had a positive EBIT (earnings before interest and taxes) contribution in its first quarter of commercial operations”.

Also, refining and petrochemicals businesses did well. “Sustained demand growth coupled with supply disruptions further tightened demand-supply balances globally during the quarter. The benefits of optimising our business through new projects are beginning to emerge. The structural strength in energy and materials business environment augurs well for our new capacities which are coming on-line this year,” he said.

 Reliance

New Delhi: Oil-to-telecom conglomerate Reliance Industries today reported a 12.5 percent jump in its September quarter net profit after refining margin soared to nine year high and mobile telephony venture earned operational profit.

Net profit in July-September at Rs 8,109 crore, or Rs 13.7 per share, was higher than Rs 7,209 crore, or Rs 12.2 a share, in the same period of last fiscal, the company said in a statement.

The company earned $12 on turning every barrel of crude oil into fuel in Q2, up from $10.1 a barrel gross refining margin in same quarter of previous year and $11.9 a barrel in first quarter of the current fiscal.

A year after re-entry into telecom business, Reliance said it earned operating profit of Rs 260 crore with 1.53 crore subscribers being added in Q2 to take the total to 13.86 crore.

 

Ambani, who created a flutter in the telecom sector with his free voice and dirt cheap data offering together with almost-free handset, said strong financial results of Jio demonstrate the robust business model and the significant efficiencies that the Company has built through its investment in the latest 4G technology and right business strategy.

Pre-tax profit from the mainstay refining sector was up 10.8 percent at Rs 6,621 crore year-on-year but it fell 11.4 percent when compared to Q1 earnings.

Petrochemical business saw per-tax profit jump 45.2 percent to Rs 4,960 crore due higher volumes in the polyester chain and firm prices.

Start of gas production from coal seams (CBM) helped trim loss from oil and gas business to Rs 272 crore from Rs 491 crore in July-September of 2016.

However, pre-tax profit more than doubled to Rs 334 crore.

The company’s debt swelled to Rs 2,14,145 crore at the end of September as compared to Rs 1,96,601 crore as on March 31, 2017. Cash in hand was marginally lower at Rs 77,014 crore.

Ivory Coast plane crash: At least four dead after cargo aircraft crashes into sea near Abidjan during storm

Abidjan: At least four people were killed on Saturday when a propeller-engine cargo plane crashed in the sea near the international airport in Ivory Coast’s main city, Abidjan, a Reuterswitness said.

The crash occurred during a storm with heavy rain and lightning.

Rescue workers removed two bodies from the plane, which had broken into several pieces and come to rest near the beach. Two other bodies were visible in the wreckage.

Narendra Modi in Bihar: PM shares stage with Nitish Kumar for first time post-alliance, heaps praise on him

 

Patna: Prime Minister Narendra Modi on Saturday praised Chief Minister Nitish Kumar for his “commitment” to Bihar’s development, as the two leaders shared the stage for the first time after the JD(U) returned to the NDA fold.

Modi, who attended the centenary celebrations of the Patna University (PU) here along with Kumar, said the Centre and the state government led by Kumar will work together with a pledge to bring Bihar on par with the other prosperous states by 2022.

“Nitishji is committed to development of Bihar… and the central government has pledged to develop the country. Together the two will work together to ensure that Bihar is counted among the prosperous states by 2022 when the country celebrates 75 years of independence,” the prime minister said.

Modi said that Bihar has been blessed by Saraswati, the Goddess of learning. “But the time has come to propitiate Laxmi (Goddess of wealth and prosperity) as well and take the state to new heights of development,” he said.

Addressing the gathering, Kumar said that “it is a day of great honour” that the prime minister is present for Patna University’s centenary celebrations.

He also made a fervent plea to Modi “with folded hands that central status be granted to Patna University”. However, Modi, during his address, said that measures like grant of central status were “a thing of the past” and his government has taken “a step forward” towards making 10 private universities and 10 government ones world class.

“I would like to say something about a demand that was raised here and met with loud cheers by the young crowd attending this ceremony. Issues like grant of central status have become a thing of the past. We are taking a step forward.

“We will provide an assistance of Rs 10,000 crore to 10 private universities and an equal number of government ones for a period of five years. All these universities have to do is to demonstrate their potential to become world class,” he said, addding, “I exhort Patna University to seize this opportunity.”

Modi began his speech on a humorous note, saying “the chief minister said in his speech that I was the first Prime Minister to visit this university. It seems my predecessors have left quite a few tasks for me”.

Earlier, the prime minister was welcomed by Bihar Governor Satya Pal Malik and the chief minister among others at the Patna airport from where he drove straight to the Patna Science College campus.

FIFA U-17 World Cup 2017: England underline title credentials with thumping win over Iraq

Kolkata: England underlined their title credentials with a classy 4-0 victory over Iraq to top Group F in a FIFA U-17 World Cup tie at the Vivekananda Yuva Bharati Krirangan on Saturday.

Manchester United’s Angel Gomes – in his first start – opened the scoring in the 11th minute. Danny Loader notched up a second-half brace (59th, 71st), with Emile Smith-Rowe finding the target once in the 57th minute

The Englishmen could have heaped more humiliation on the Iraqis, but their star forward Jadon Sancho’s penalty was saved in the 23rd minute.

With an all-win record in the tournament so far, England will now take Japan who finished second in Group E in the pre-quarterfinals at the same venue on Tuesday.

Iraq, meanwhile, finished second and will take on Mali on the same day in Goa.

For England, central defenders Marc Guehi and Joel Latibeaudiere along with wideman Jadon Sancho were the only three players who made the starting lineup from the last game as coach Steve Cooper ringed in as many as eight changes.

Iraq, on the other hand, rested their most influential player Mohammed Dawood, who only came on as a replacement in the second half.

England took the lead when Gomes initiated a move freeing Nya Kirby on the right. Daniel Loader failed to reach Kirbi’s low cross, but Gomes followed up the action to slot home.

Emile Smith Rowe then came close to scoring but his angular shot missed the far post by a whisker.

Smith Rowe then earned a penalty after he was brought down by Mohammed Albaquer inside the box. But Iraq goalkeeper Ali Ibadi read it correctly and dived to his right to deny Sancho what could have been his fourth goal of the tournament.

Minutes later, Smith Rowe again found himself in the clear but this time also the Iraqi goalkeeper made a good save.

In the 32nd minute, Iraq got their first real chance. A wonderful move saw skipper Mohammed Ridha set up Ali Kareem who had only England goalkeeper William Crellin to beat, but Crellin effected a good save.

Ali Kareem again spurned an opportunity after Mohamed Kareem did the spadework. This time he hit straight to a defender with goalkeeper Crellin woefully out of position.

England led by the solitary goal at halftime, but Iraq showed enough promise to bite back after the restart.

Coach Qahtan Chitheer unleashed Dawood three minutes into the second period and the in-form forward almost made the most of a goalkeeping lapse. After Mohamed Kareem’s initial effort was blocked, Dawood blasted over the rebound from close range.

Just when Iraq looked likely to peg back, England changed gears and snatched the game away from the Asian U-16 champions in the space of two minutes.

First, Smith Rowe atoned for his earlier misses with an exquisite flicked finish after playing a delightful one-two with Gomes.

Two minutes later, Loader rounded off Iraq keeper Ibadi to slot the ball home after the defenders were caught napping.

The Reading striker would have his second soon after, making the most of a Steven Sessegnon pass to ruffle the net.

Matters turned from bad to worse for Iraq as Dawood picked up a second booking which means he will miss the next game.

 

 

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