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Top Current Affairs of the day: 29 December 2018

Last Updated: December 29, 2018

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  • Modi Government banned Khalistan Liberation Force under UAPA

    December 29, 2018
    The government has banned Khalistan Liberation Force (KLF) for its involvement in killing of innocent people and police officers, several bombings on civilian targets in India, collection of funds for terror activities through extortion, kidnappings, bank robberies and assassination attempts of important government functionaries. The outfit has been banned under the Unlawful Activities (Prevention) Act, 1967 (UAPA). The KLF came into existence in 1986 with the objective of establishing an... Read More


    Pakistan Cabinet approved to issue 'Panda bond' in Chinese currency

    December 29, 2018
    The federal cabinet approved the issuance of Pakistan’s first renminbi-denominated bonds to raise loans from Chinese capital markets, as the country gradually moves towards giving the Chinese currency a status at par with that enjoyed by the US dollar. The interest rate may range above 5.5% but the final price can only be determined at the time of launching the bond. The Philippines has also raised RMB1.46 billion through renminbi-denominated bonds at an interest rate of 4.75%. In the... Read More
    Category: International


    Indian Railways announced 40% fare concession for transgender senior citizens

    December 29, 2018
    The concession for a person of the third gender, aged 60 years or above, will be available from January 1, 2019. Till now, only men who are 60 years and above, and women aged 58 years and above got the concession. The rate of concession is 40 per cent for men and 50 per cent for women. Though a column for transgender (T) was introduced in the reservation form, the concession was not admissible to them. As of December of 2018, the Indian Railways offers concessions on ticket prices to 53... Read More
    Category: Indian Affairs

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    Chagari Praveen Kumar appointed as Chief Justice of new Andhra HC

    December 29, 2018
    He will become acting Chief Justice of AP High Court, with effect from Jan 1, 2019. Earlier, the Union Law Ministry issued an order signed by President Ram Nath Kovind, which said Andhra Pradesh will have its own High Court at its capital Amaravati and the Hyderabad High Court shall become High Court for Telangana.


    World's busiest single-runway airport after Mumbai sold for USD 3.7 bn

    December 29, 2018
    French infrastructure giant Vinci has agreed to acquire control of London's Gatwick Airport, the world's second-busiest single runway airport after Mumbai, for $3.7 billion. Vinci, which manages 45 airports in 12 countries including Chile and Cambodia, will own a 50.01% stake in Gatwick Airport. The purchase comes ahead of the UK's departure from the European Union on March 29.


    Cabinet approved the draft National Commission for Indian System of Medicine Bill

    December 29, 2018
    The Union Cabinet approved the draft National Commission for Indian System of Medicine Bill, 2018. The NCIM will promote the availability of affordable healthcare services in all parts of the country. The draft Bill will enable the constitution of a National Commission with four autonomous boards for the purpose of conducting overall education in Ayurveda, Unani, Siddha, and Sowarigpa. There are two common boards, namely the board of assessment and rating to assess and grant permission to... Read More
    Category: Bills & Acts


    India announced Rs.4,500 crore assistance for Bhutan

    December 29, 2018
    Prime Minister Narendra Modi announced that India will help Bhutan’s development needs by providing Rs.4,500 crore while visiting Bhutan’s Prime Minister Lotay Tshering. Dr.Tshering indicated his government’s commitment to maintain warm ties with India. Bhutan remains one of the key recipients of development assistance from India. According to the Ministry of External Affairs, India provided Rs.4,500 crore for the 11th five-year plan that lasted between 2013 and 2018. India... Read More
    Category: International


    Tripura government approved NCERT syllabus in schools

    December 29, 2018
    The Tripura government approved the proposal for replacing the school syllabus prevalent under the previous Left Front regime with the NCERT curriculum in all the State-run and aided schools from the next academic session, beginning April 2019.
    It had also suggested the implementation of the Central Board of Secondary Education (CBSE) syllabus across all government and government-aided schools in the State.
    The government had also decided to bring an ordinance to constitute a... Read More
    Category: Indian Affairs


    Cabinet approved relaxation for activities falling in CRZ

    December 29, 2018
    The Union Cabinet approved relaxation in various norms including the clearance of projects or activities falling in the Coastal Regulation Zone (CRZ), allowing for greater use of coastal areas for tourism and industrial growth. This will enable redevelopment of these areas to meet the emerging needs.
    The move for 2018 Notification comes after a series of representations received by the Ministry of Environment, Forest & Climate Change from various Coastal States/UTs for a comprehensive... Read More
    Category: Indian Affairs


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    National Childrens Science Congress Begins In Bhubaneswar

    December 29, 2018
    Odisha Chief Minister Naveen Patnaik inaugurated 26th edition of National Children’s Science Congress in Bhubaneswar in which as many as 800 students from ten Asian and seven Gulf countries are participating. This year’s theme is ‘Science, Technology and Innovations: For clean, green and healthy nation’.


    Modric beats Djokovic to win Balkan athlete of the year award

    December 29, 2018
    Croatia’s captain and Spanish club Real Madrid’s midfielder Luka Modric was named the Balkan Athlete of the year beating Men’s tennis world number one player Novak Djokovic. The poll to name Balkan Athlete of the year was organized by the Bulgarian News Agency (BTA). Serbian player Novak Djokovic got the second position whereas women’s number one tennis Romania’s Simona Halep got the third position in the Balkan’s poll. Luka Modric leads Croatia to the FIFA... Read More
    Category: Sports


    Bombay HC approved Sunburn festival

    December 29, 2018
    The Bombay High Court gave clearance to the annual Sunburn music festival in Pune provided norms regarding noise pollution and prohibition of underage drinking were followed at the three-day event. The festival is to take place in Pune from December 29 to 31. The judgement comes after the Public Interest Litigation (PIL) filed by a BJP corporator, seeking that the authorities be directed to ensure that noise pollution norms are followed by the organisers. The PIL also wanted the court to... Read More
    Category: Indian Affairs


    Cabinet approved the Gaganyaan programme

    December 29, 2018
    The Cabinet approved the Gaganyaan programme, which will send three Indian astronauts to space for up to seven days by 2022 at a cost of Rs.10,000 crore. As part of the programme, two unmanned flights and one manned flight will be undertaken.
    The demonstration for the first human spaceflight is targeted to be completed within 40 months of the sanction date. The Indian Space Research Organisation (ISRO) has developed the launch vehicle GSLV MK-III, which has the necessary payload capability... Read More


    India pips China in FDI inflows for the first time in 20 years

    December 29, 2018
    According to data from Dealogic, a global Mergers & Acquisitions (M&A) and capital markets data provider, India has been getting more foreign investment than its neighbor China for the first time in two decades. In 2018, India whose financial market is supported by stable fundamentals, a bankruptcy code and fresh opportunities in sunrise sectors, saw more than $38 billion of inbound deals compared with China’s $32 billion. China, which has historically been the favorite for... Read More
    Category: Indian Affairs


    HDFC Group pipped Tata Group as Indias largest business house worth Rs. 10.40 lakh crore

    December 29, 2018
    According to Bloomberg data, Deepak Parekh-led HDFC group overtook Tata Group become the country’s largest conglomerate in terms of market capitalization. The total market capitalization (MACP) of the group’s five listed companies is currently valued at Rs 10.40 lakh crore, which is Rs 1,185 crore more than that of Tata Group. HDFC Bank, a part of the group, is only the third company in Indian corporate history to cross the Rs 5-lakh crore market capitalization threshold, after... Read More


    ICICI topped list of banks penalising staff for fraud in 2015-2017: RBI data

    December 29, 2018
    According to data furnished by the Reserve Bank of India, between 2015 and 2017, private lender ICICI Bank penalized the highest number of employees for defrauding bank assets in the last three year out of 60 scheduled commercial banks operating in India. It is followed by State Bank of India and Punjab National Bank.
    Category: Banking & Finance




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