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Top Current Affairs of the day: 20 December 2017

Last Updated: December 20, 2017

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  • HDFC Bank to raise Rs crore through sale of shares to fund growth

    December 20, 2017
    Banking Affairs HDFC Bank its board had given nod to raise Rs 24,000 crore through a preferential issue of shares to its promoter HDFC Ltd and by issuing shares and depository receipts to fund the bank's growth plans. The general meeting on February 19 to seek approval of its shareholders. "For this purpose, the board has authorized a special committee to decide terms and conditions," said the statement. According to the bank's fundraising plan, around Rs 8,500 crore worth of... Read More

    World Bank Provides Loans of Million for STRIVE Project

    December 20, 2017
    The World Bank committed $125 million (around Rs800 crore) loan to India for the STRIVE project for skill development. The main objective of the operation (Skills Strengthening for Industrial Value Enhancement) is to improve access to quality and market-driven vocational training as well as apprenticeships. The financing agreement was signed between the World Bank and the Finance Ministry.
    Category: Indian Affairs

    France Passes Law to Ban all Oil and Gas Production by

    December 20, 2017
    France's parliament has approved a law banning all exploration and production of oil and natural gas by 2040 within the country and its overseas territories. Under that law that passed a final vote, existing drilling permits will not be renewed and no new exploration licenses will be granted. The French government claims the ban is a world first.
    Category: Indian Affairs

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    Shree Saini from Washington Crowned Miss India USA

    December 20, 2017
    Washington resident Shree Saini crowned Miss India USA 2017. While Prachi Singh from Connecticut was declared the first runner-up at the pageant, which was held at the Royal Alberts Palace in Edison, New Jersey.
    Shree Saini is an anti-bullying activist. At the beauty pageant, cancer surgeon Kavita Malhotra Pattani from Florida was declared Mrs India USA 2017. Swapna Mannam, 17, from New Jersey was crowned with Miss Teen India USA 2017.
    Category: International

    Skill Development Ministry and Maruti Suzuki Sign MoU to Impart Skill Training

    December 20, 2017
    The Skill Development Ministry and Maruti Suzuki have signed an agreement to impart training to youth and enhance their employment potential. As part of the agreement with the Directorate General of Training, DGT, Maruti Suzuki will ensure that not less than 80 percent of trainees are placed with Maruti Suzuki or its business partners.

    Andhra Pradesh Government Signs Agreements With Alphabet X

    December 20, 2017
    The government of Andhra Pradesh entered into an agreement with the moonshot factory of Alphabet (earlier Google) X to bring the breakthrough Free Space Optical. Communication (FSOC) technology in order to provide internet through the government Fibergrid project. This association with X labs to implement FSOC in AP is first of its kind in the world to provide wireless internet connection at a higher speed of up to 20Gbps and to a distance of up to 20kms.
    Category: Indian Affairs

    AU Small Finance Bank Joins Hands with Sahaj e Village

    December 20, 2017
    AU Small Finance Bank announced signing an MoU with Sahaj e-Village for extending its banking service in remote areas through Business Correspondent Agent (BC) model. With this MoU, AU Bank will be able to further foster its mission of financial inclusion and greater customer outreach. As per the agreement, the BCs will act as an intermediary between the Bank and the customers in the interior locations where the Bank does not have a presence.
    Category: Indian Affairs

    YES Bank EIB to Co finance mn for Clean Power Projects

    December 20, 2017
    YES Bank and the European Investment Bank will co-finance $400-million funding for renewable power generation in the country. The new financing programme will streamline financing for a range of renewable energy projects being built and operated by leading Indian corporations and private sector developers. Of the $400-million, the EIB will fund $200 million, while the rest will be supported by YES Bank, the project promoters, and other financial institutions. The EIB loan of $200 million has a... Read More
    Category: Indian Affairs

    Central government Gives Green Nod for Kaleshwaram Project in Telangana

    December 20, 2017
    The Telangana state government’s prestigious Kaleshwaram Lift Irrigation Scheme (KLIS) has finally got the Green Nod from central government. The expert appraisal committee (EAC) of the Union Ministry of Environment and Forest recommended the “proposal for grant of environmental clearance” in its meeting held in Delhi. The green nod for the project will be a big boost to the state government.
    Category: Indian Affairs

    Kiren Rijiju Inaugurates Training of Trainers Program for Sendai Framework

    December 20, 2017
    The Union Minister of State for Home Affairs, Shri Kiren Rijiju, inaugurated the first national-level training of trainers program to sensitize various Central Ministries and Departments on the utilization of Sendai Monitor for developing action plans for Disaster Risk Reduction (DRR) in New Delhi. The three-day programme was organized by the National Disaster Management Authority (NDMA) in collaboration with the United Nations Office for Disaster Risk Reduction-Global Education and Training... Read More

    Assam Signs MoU with Isha Foundation to Save Rivers

    December 20, 2017
    The Assam government signed an MoU with Isha Foundation to conserve and rejuvenate the rivers of Assam. Assam became the sixth state in the country to sign MoU with non-profit making and spiritual organization, the Isha foundation. The agreement was signed by Assam CM Sarbananda Sonowal.
    Category: Schemes

    India and Sri Lanka completes nd phase of joint oceanographic survey

    December 20, 2017
    Indian Navy in collaboration with its Sri Lankan counterpart has successfully completed the second phase of the joint oceanographic survey conducted off the South Western Coast of Sri Lanka. The survey commenced on 26 October with the arrival of Indian Naval Ship Sutlej in Sri Lanka.
    The Indian side yesterday handed over the survey charts to the Commander of the Sri Lankan Navy. A statement by of island nation Navy said the aim of the joint survey was to update all the navigational... Read More
    Category: Indian Affairs

    ICRA Launches Fixed Income Indices for Debt Markets

    December 20, 2017
    ICRA Management Consulting Services (IMaCS), an arm of ICRA, launched a set of four fixed income indices including one on corporate bonds. It aims to create more depth in the Indian debt market. ICRA Gilt Indices, ICRA Liquid Indices, ICRA Corporate Bond Indices and ICRA Composite Debt Indices, the four indices launched, would help asset managers and financial services companies make an objective analysis and provide comprehensive benchmarking of debt portfolios.
    Category: Indian Affairs

    Prime Minister Narendra Modi announces assistance worth crores rupees for cyclone Ockhi affected Kerala Tamil Nadu and Lakshadweep

    December 20, 2017
    Prime Minister Narendra Modi announced immediate financial assistance worth 325 crore rupees to cater to the requirements of cyclone Ockhi affected Kerala, Tamil Nadu and Lakshadweep.  According to an official release, the Centre will support the reconstruction of around 1400 houses fully damaged due to Cyclone Occhi under the Pradhan Mantri Awas Yojana and each beneficiary will get up to 1.5 lakh rupees.
    The Insurance companies have also been advised to pay the insurance claims... Read More
    Category: Indian Affairs

    AYUSH Ministry sets up research institute to boost Ayurveda

    December 20, 2017
    Central Council for Research in Ayurvedic Sciences (CCRAS) for undertaking coordinating formulating, developing and promoting research on scientific lines in Ayurveda is set up by The Ministry of AYUSH. The activities are carried out through 30 institute/Centres/Units under CCRAS located all over India and also through collaborative studies with various universities, hospitals and institutes. The research activities of the council include medicinal plant research (Medico-ethno botanical... Read More

    Bharti Airtel to buy Millicoms Operations in Rwanda

    December 20, 2017
    Bharti Airtel Limited entered into a definitive agreement with Millicom International Cellular S.A. under which Airtel Rwanda Ltd will acquire 100% equity in Tigo Rwanda Ltd. This comes after Airtel’s announcement to merge with Millicom, which operates the brand Tigo, in another African nation Ghana.
    Category: Indian Affairs



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