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Current Affairs - December 2017

31-Dec-2017

India to host 10 ASEAN leaders on Republic day 

India has decided to host 10 ASEAN leaders on the occassion of Republic Day. ASEAN has completed its 50 years of formation in 2017 and in 2017, 25 years of India's partnership with India. 

GAIL Awards major contracts for Pradhan Mantri Urja Ganga 

GAIL has taken order for Pradhan Mantri Urja Ganga for another 400 km pipeline project. It will take fuel to the eastern part of India.

Vikas Sameeksha Yatra,foundation stone laid in Bihar

Bihar Chief Minister Nitish Kumar laid foundation stones for more than 100 projects worth Rs 700 crore in Nalanda district as part of his state-wide “Vikas Samiksha Yatra”.

Allahabad Bank ties up with NeSL

Allahabad Bank entered into an agreement with state-run National e-Governance Services Limited (NeSL) for utilizing the latter’s Information Utility Services envisaged under the Insolvency and Bankruptcy Code, 2016.

30-Dec-2017

Bilateral meeting of India and Jordan held in New Delhi 

The bilateral meeting of External Affairs Minister Sushma Swaraj and her Jordan counterpart Ayman Al-Safadi has been held in Delhi . Mr. Safadi took steps to establish a strong agenda for deepening and diversifying cooperation in trade and investment, defense and security and people's connectivity areas.

78th Session of Indian History Congress held 

The 78th session of Indian History Congress has been held at the Jadavpur University campus,Kolkata.The Indian History Congress had six sections this time - Ancient India, Medieval India, Modern India, Countries Other than India, Archaeology and Contemporary India.

Nirmala Sitharaman launches start up incubation centre 

Union defense minister Nirmala Sitharaman has launched start up incubation centre in Mangaluru.She has allocated Rs. 1.5 crore from her MPLAD (Member of Parliament's Local Area Development) scheme for the development of a start-up incubation centre called the Centre for Entrepreneurship Opportunities and Learning (CEOL) in Mangaluru. 

RBI gives nod to KKR for India's first Foriegn Owned ARC 

US buyout KKR and CO has become the first foreign investor to fully own an asset reconstruction company (ARC).It has recieved the approval from RBI.

George Weah elected as the Liberian President 

George Weah has been elected as the Liberian President.Mr Weah is was well ahead of opponent Joseph Boakai with more than 60% of the vote.

IDBI banks gets an amount of Rs 2729 from GOI

IDBI bank has recieved an amount of Rs 2729 from the government of India .It is the share application money towards preferential issue of equity infusion of IDBI bank during the fiscal year 2017-18 under the plan as government’s investment .

China launches World's largest human genome research project 

China has launched world's largest human genome research project .It is the country's first large project detecting the genetic links between health and sickness and will involve 100,000 people from different ethnic backgrounds and regions.

29-Dec-2017

Triple Talaq bill passed in Lok Sabha 

The lok sabha passed the Triple Talaq bill making it illegal and giving three years punishment in jail for the partner.It is named the Muslim Women (Protection of Rights on Marriages) Bill 2017.It was announced by Minister for Law and Justice Ravi Shankar Prasad.

India signs loan agreement with WB for UP tourism project 

India has signed loan agreement with World Bank for 40 million rupees for the UP tourism project.The loan agreement was signed by sameer kumar khare,joint secretary in department of ecoonomic affairs and John Blomquist ,acting country director of the world bank (India).

Small savings interest cut by 20 bps 

The small savings interest has been cut by 20 bps in all the schemes.They slashed the rates including NSC and PPF by 0.2%for the January-March period.At the same time, investments in the five-year Senior Citizens Savings Scheme has been retained at 8.3%. 

India ranks 5th in the list of countries with NPA's 

India has ranked 5th in the list of countries having NPA's, according to a report published by CARE ratings.The only countries ranked higher than India on the list are Greece, Italy, Portugal, and Ireland.

Ekuverin,India-Maldives joint military exercise held 

India and Maldives joint exercise Ekuverin has concluded in Belgaum of Karnataka state .The two-week-long exercise saw soldiers sharpen their tactical and technical skills in the Joint Operations Centre at Belgaum.

Prince Harry joins African Conservation Group as President 

Prince Harry has joined the African Conservation Group as its President .It is a conservation group which manages a dozen wild life areas across the continent.

SEBI caps cross share holding in rating agencies at 10% 

SEBI has capped cross share holding in rating agencies at the rate of 10%. They have also decided to raise the minimum worth requirement to Rs 25 crore from the current Rs 5 crore.

India's first trading app launched by Pluto Exchange 

India's first trading app was launched by Pluto Exchange.It s a trading app launched first time in India for transacting virtual currencies. 

Viswanathan Anand wins Bronze at World Blitz Chess Championship 

Viswanathan Anand has won Bronze in the World Blitz Chess Championship .World Classical champion Magnus Carlsenof Norway proved his mettle as he carved out win after win on the final day.

28-Dec-2017

Indian economy to overtake UK and France in 2018

Indian economy will overtake UK and France economy by 2018.The Centre for Economics and Business Research (Cebr) consultancy's 2018 World Economic League Table painted an upbeat view of the global economy. 

President Ram Nath Kovind inaugrated 100th Indian Economic Association Conference

President Ram Nath Kovind has inaugrated the 100th Annual Conference of the Indian Economic Association at Acharya Nagarjuna University in Guntur of Andhra Pradesh.Indian Economic Association is a registered body of Indian economic professionals, established way back in 1917.

President Ram Nath Kovind dedicates 4 projects to AP 

President Ram Nath Kovind has dedicated 4 projects to Andhra Pradesh.The Projects were Andhra Pradesh Fibregrid Project, Andhra Pradesh Surveillance Project, Drone Project; and Free Space Optical Communication system. 

Agriculture Minister launches Livestock Disease Forewarning Mobile App 

Agriculture Minister Radha Mohan Singh has inaugrated an app called a Livestock Disease Forewarning App(LDF-App) which gives warning to the farmers.Apart from early warning, the app will also provide information about clinical samples for the diagnosis in case of the epidemic so that immediate action in case of the epidemic. 

SBI gets approval to raise Rs 8000 to comply basel -III norms 

State Bank of India has been given approval to comply to basel -III norms by raising Rs 8000 cr.They can raise the money through masala bonds . 

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