Today Current Affairs 21st December 2017

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21 December 2017

Indian Affairs Odisha Environment Congress 2017 kicked off with an aim to foster ‘Sustainable River Basin Management’. OEC-2017 kicked off at Regional Museum of Natural History in Odisha.  Inaugurating the event. The integrated approach to river basin management is needed with a focus on water-use-efficiency in both agricultural as well as industry. This may save adequate water for the river to serve itself. Conscious efforts by all to reduce pollution load on the river system would be beneficial to both human societies as well as to nature.

21 December 2017

The United Kingdom topped Forbes' rankings of best countries in the world for business in 2018 for the first time, up from fifth last year. The list ranks 153 countries on 15 factors including property rights, innovation, taxes and red tape. The UK is followed by New Zealand and the Netherlands, while India was ranked 62nd on the list. The UK's $2.6 trillion economy is the fifth largest in the world.   The world’s second (China) and third (Japan) biggest economies rank 66th and 21st, respectively. Chad ranks last for the third straight year.

21 December 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 with the arrival of Indian Naval Ship Sutlej in Sri Lanka. The aim of the joint survey was to update all the navigational charts covering the southern Sri Lankan waters with the latest hydrographic data.

21 December 2017

The Capital market regulator Securities and Exchange Board of India (SEBI) raised the investment limit for foreign portfolio investors (FPI) in central government securities to over 1.91 lakh crore from January 2018.  Currently, investment limit for foreign portfolio investors is 1.89 lakh crore rupees. The move is part of an effort by SEBI to push inflow from overseas investors in the country’s capital markets.

21 December 2017

The Cabinet Committee on Economic Affairs has given its approval for a new skill development scheme covering the entire value chain of the textile sector excluding Spinning & Weaving in organized Sector, titled "Scheme for Capacity Building in Textile Sector (SCBTS)" from 2017-18 to 2019-20 with an outlay of Rs. 1300 crore. The scheme will have National Skill Qualification Framework (NSQF) compliant training courses. The main objectives of the scheme are to provide demand-driven, placement oriented skilling program to incentivize the efforts of the industry in creating jobs in the organized textile and related sectors.

21 December 2017

The Reserve Bank of India placed Bank of India under the Prompt Corrective Action Framework, consequent to the onsite inspection under the Risk-Based Supervision Model carried out for the year ended March 2017. This is the first time that the central bank has invoked PCA for a large bank of the size of BoI. 

21 December 2017

The Union Cabinet chaired by PM Narendra Modi approved the Ministry of Railways' transformative initiative to set up India's first ever National Rail and Transport University (NRTU) in Vadodara, Gujarat to skill its human resources and build capability. The University will be set up as a Deemed to Be University under de novo category as per the UGC [Institutions Deemed to be Universities] Regulations, 2016. Government is planning to launch the first academic program in July 2018. The funding of the new University/Institute is to entirely come from Ministry of Railways.

21 December 2017

Delhi emerged as one of the most expensive premium office locations in the world. Ranked 7th in the list, rent of Delhi’s premium office location is higher than San Francisco and Dubai, according to the latest report by JLL India, a real estate services firm. Mumbai is at 16th position in the list. The top spot is again taken by Hong Kong and there is the huge margin between the rent rates between Hong Kong and London (West), which is second in the list. New York, Beijing, Tokyo are on the third, fourth and fifth position respectively.

21 December 2017

Lionel Messi, the star forward of Barcelona, has received La Liga’s top scorer and best player awards for the 2016-2017 football season. The Argentine beat rival Cristiano Ronaldo, who guided Real Madrid to their first title since 2012 in the recent campaign. He scored 37 goals in league action last season to earn his fourth Pichichi award for most goals in La Liga and his fifth Alfredo Di Stefano trophy for best player.

21 December 2017

India and Myanmar signed MoU on Rakhine State Development Programme and on Government to Government agreement on long-term socio-economic development of the state. This MoU is the first G to G agreement signed by the Ministry of Social Welfare, Relief and Resettlement of Myanmar. Under this MoU, Government of India proposes to take up, among others, a project to build prefabricated housing in Rakhine State so as to meet the immediate needs of returning people.