Current Affairs – December 28, 2017

Here’s your daily summary of Current Affairs.

Forbes names Vin Diesel as top-earning actor of 2017      

Vin Diesel has been named the top-grossing actor of 2017 by Forbes, with 1.6 billion in global ticketing receipts from his film ‘The Fate of the Furious’. The second spot was occupied by Dwayne Johnson ‘The Rock’, with 1.5 billion receipts. ‘Wonder Woman’ actress Gal Gadot, whose films earned $1.4 billion worldwide, featured in the third spot on the list.



Anuksha Sharma named “PETA”’s Person of the year     

Actress Anushka Sharma has been named PETA’s Person of the Year by animal rights organisation People for Ethical Treatment of Animals (PETA). Anushka, a vegetarian, has nabbed the title for helping to protect dogs from fireworks to advocating for horses who are forced to pull carriages in Mumbai. She was named PETA’s Hottest Vegetarian Celebrity in 2015. PETA is the largest animal rights organization in the world. The President of PETA is Ingrid Newkirk. PETA India, based in Mumbai, was launched in January 2000.



IRDAI allows Insurance Companies to do offshore business from GIFT IFSC

Insurance regulator IRDAI has issued regulations for insurance firms to carry out offshore business from Gujarat-based GIFT International Financial Services Centre (IFSC). With this, Insurance operations will get a major boost. Under the regulations, for the first time in the country, foreign insurers are permitted to open IFSC Insurance Office (IIO) at GIFT IFSC. GIFT IFSC already hosts three major insurance players, GIC Re, New India and ECGC. IRDAI- Insurance Regulatory and Development Authority of India. T.S.Vijayan is the Chairman of IRDAI.



DGCA permits Dornier 228 aircraft for commercial use      

The Directorate General of Civil Aviation (DGCA) has allowed Hindustan Aeronautics Ltd (HAL) – manufactured Dornier 228 to be used for civilian flights. The 19-seater aircraft has, till now, been used by defence forces and is the first plane to be made in the country for commercial flights. HAL can sell this plane to airlines in India and it can be used by them for regional flights under the Indian government’s ambitious UDAN (Ude Desh Ka Aam Naagrik) scheme.



Saudi Arabia hosts World Chess Tournament for the first time   

Saudi Arabia is hosting a world chess tournament for the first time, nearly two years after the country’s top cleric issued a religious edict against playing the board game. The tournament has been named as the King Salman World Rapid and Blitz Chess Championships. The world’s top three chess players from Norway, Armenia and Azerbaijan are participating in the tournament.




World Bank agrees for a $118 million loan for Tamil Nadu farmers

The Government of India, the Government of Tamil Nadu and the World Bank signed a 318 million loan agreement for the Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture technologies, improve water management practices, and increase market opportunities for small and marginal farmers. About 500,000 farmers, of which a majority are small and marginal, are expected to benefit from improved and modernized tank irrigation systems. The 318 million loan from the IBRD has a 5-year grace period and a maturity of 19 years.



India set to become the world’s fifth largest economy by 2018 

 India is set to leapfrog Britain and France next year to become the world’s fifth-largest economy in dollar terms. The Centre for Economics and Business Research (Cebr) consultancy’s 2018 World Economic League Table painted an upbeat view of the global economy, boosted by cheap energy and technology prices. Deputy Chairman of Cebr, Douglas McWilliams said, despite temporary setbacks, India’s economy has still caught up with that of France and the UK and next year, will overtake both of them. He said, India’s ascent is part of a trend that will see Asian economies increasingly dominate the top 10 largest economies over the next 15 years.


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