Top Current Affairs of the day: 17 December 2017

Last Updated: December 17, 2017

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Top Current Affairs of the day: 17 December 2017
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  • SoftBank may invest mn in dog sitting app Wag

    December 17, 2017
    Japanese conglomerate SoftBank is in talks to invest $300 million in the US-based dog-sitting app Wag, according to reports. This comes months after the startup was slammed for allegedly losing customers' pets under its care. Founded in 2014, Wag gives on-demand access to dog handlers, who can be hired by the users for dog walking and dog sitting.

    India s first Tesla car registered in Mumbai

    December 17, 2017
    India's first Tesla was registered at the Tardeo Regional Transport Office (RTO). The Model X car, is owned by the business conglomerate Essar's CEO Prashant Ruia and is reportedly exempted from RTO taxes as it is an electric vehicle. The SUV (sports utility vehicle) is also the 16th electric vehicle registered in Mumbai during the current financial year.
    Category: Indian Affairs

    China unveils satellite network plan for South China Sea

    December 17, 2017
    China unveiled a satellite network plan for round-the-clock surveillance on the South China Sea. The East Asian country plans to launch 10 satellites into space over the next three years to maintain non-stop surveillance on the disputed waterway. The program would provide scientific support for its One Belt One Road initiative and emergency response efforts at sea.

    FIFA bans head of Brazilian football federation

    December 17, 2017
    FIFA suspended the head of the Brazilian football federation Marco Polo Del Nero for 90 days over a breach of its rules. FIFA ethics committee, in a statement, said the decision bans Del Nero from any football-related activities during this period. The duration of the ban may be extended for an additional period not exceeding 45 days. The 76-year-old Del Nero was accused of accepting a 6.5 million euro commission. In the wake of these accusations, the ethics committee opened an inquiry that... Read More
    Category: Sports

    Union Cabinet approves North East Special Infrastructure Development Scheme

    December 17, 2017
    The Union Cabinet approved new Central Sector Scheme of North East Special Infrastructure Development Scheme” (NESIDS) from 2017-18. The scheme will broadly cover the creation of infrastructure under following sectors (i) Physical infrastructure relating to water supply, power, connectivity and especially the projects promoting tourism.
    The Infrastructure of social sectors of education and health. The Union Cabinet also approved the continuation of existing Non-Lapsable... Read More

    Union Government Rs Crores package for leather industry generates lakh jobs in three years

    December 17, 2017
    The Delhi Government approved a Rs 2,600Crores special package for employment generation in the leather and footwear sector. The decision was taken at a meeting of the Union Cabinet chaired by PM Modi in Delhi. The package has the potential to generate 3.24 lakh new jobs in 3 years and assist in the formalisation of 2 lakh jobs as cumulative impact in footwear, leather and accessories sector. The package involves implementation of central scheme ‘Indian Footwear, Leather and... Read More
    Category: Indian Affairs

    Central Governement approves Capital Investment Subsidy of Rs Cr for NE industrial units

    December 17, 2017
    The union government approved capital investment subsidy amounting to Rs 264.67 Crore to four industrial units located in North East, including Sikkim. The decision was taken at a meeting of Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.
    The grant of subsidy to the industrial units will not only provide incentives to the operational units but also boost the confidence of existing investors as well as potential investors in North Eastern Region... Read More
    Category: Indian Affairs

    Japan plans to extend defense budget to ounter North Korean threat

    December 17, 2017
    North Korea threat is becoming stronger and the situation is taking difficult turns, Japan is also trying to boost its defence as much as possible. The country has planned a record 5.19 trillion yen defence budget for the next fiscal year to strengthen its missile defence. This amount is approximately 70 billion yen (about $ 625 million) more than the last year. The current defence budget of the country is 5.12 trillion yen for this fiscal year. If defence increases the budget for next... Read More
    Category: International

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