23 November 2016 Current Affairs

Veteran Carnatic Music exponent M Balamuralikrishna passes away

Legendary vocalist, playback singer and composer Mangalampalli Balamuralikrishna passed away due to age-related geriatric problems in Chennai. He was 86. He was considered as doyen of classical music. During his long musical career he had excelled as a prominent Carnatic vocalist, multi-instrumentalist, playback singer, composer and actor.Balamuralikrishna was born on 6 July 1930 in Sankaraguptam, East Godavari District, Andhra Pradesh. He had started his musical journey as a child prodigy at a tender age of 8. Since then, he has performed in over 25 thousand concerts.


Govt asks NABARD to disburse Rs 21,000 crore to farmers

The Government has allowed NABARD to disburse Rs 21,000 crore to cash-starved farmers, helping them sow winter crops like wheat ahead of the sowing season, Economic Affairs Secretary Shaktikanta said today. The government’s demonetisation move, which swept away 86% of currency in circulation, has badly hit farmers leaving them without cash just ahead of the sowing season.


RBI doubles cap on PPIs to Rs. 20,000

The Reserve bank of India (RBI) has increased the per month limit of Prepaid Payment Instruments (PPIs) to Rs. 20,000 from Rs. 10,000 and to Rs. 50,000 for merchant bank. This decision was taken due to sudden increase in demand for digital wallets (especially mobile wallets) after Government announced demonetisation of Rs. 500 and Rs. 1000 notes. The prepaid PPIs could be also issued to merchants if they provided a self-declaration in respect of their status and bank account and also to be kept on record by the issuer. Funds transfer from such PPIs will be permitted only to the merchant’s own linked bank account and upto an amount of Rs. 50,000 per month, without any limit per transaction. Thus, this decision will boost mobile wallet transactions following the withdrawal of high-value notes. The measures will be applicable till December 30, 2016.


Barack Obama awards his last Presidential Medals of Freedom

U.S. President Barack Obama has bestowed the nation’s highest civilian honour for the last time as president. The awards have honour the work of Americans ranging from global philanthropists Bill and Melinda Gates to legendary athletes, artists, activists, scientists and others.Basketball star Michael Jordan, actor Robert De Niro and music legend Bruce Springsteen were among the 21 people honored with the Presidential Medal of Freedom During a ceremony at the White House President Barack Obama gave out the awards the nation’s highest civilian honor for his last time to a diverse group of sports stars, scientists, artists and philanthropists.


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