Today Current Affairs 31st December 2017

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31 December 2017

Veteran Business leader Kiran Mazumdar Shaw urged political class to emulate the good governance module for better transparency and accountability.  The Chairman and Managing Director of Biocon took to Twitter and shared a snap from the cabinet meeting under the Chairmanship of Chandra Babu Naidu. Recently, President Ram Nath Kovind also took the stock of the war room developed by state administration during his state visit and also hailed the unique initiative. The main aim of RTG tool is to strengthen the course of administration and governance using technological intervention like e-governance, new age technology, and electronic communication.  

31 December 2017

The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2017, which disqualifies wilful defaulters and existing promoters from bidding for stressed assets of companies undergoing insolvency proceedings.  The high levels of NPA at present are due to window dressing and due to evergreening of loans. This situation has arisen because loans were restructured and not classified as NPAs. The problems were shoved under the carpet and these came to light because of the asset quality review initiated by RBI in 2015. Importantly, the bill replaces an ordinance that was brought in last month seeking to bar wilful defaulters, defaulters whose dues had been classified as non-performing assets (NPAs) for more than a year and all related entities of these firms from participating in the resolution process.

31 December 2017

State-run Gas (India) Limited (GAIL) placed orders for another 400-km natural gas pipeline project under ambitious Pradhan Mantri Urja Ganga (PMUG). With this, the total pipe supply orders for 2,100 km of Jagdishpur-Haldia & Bokaro-Dhamra Natural Gas Pipeline (JHBDPL) project have been placed.

31 December 2017

The three-day long 78th session of the Indian History Congress begun in Kolkata, West Bengal. The Indian History Congress had six sections this time - Ancient India, Medieval India, Modern India, Countries Other than India, Archaeology and Contemporary India. The aim of conducting Indian History Congress is for promotion and encouragement of the scientific study of Indian History.

31 December 2017

The world's largest human genome research project of 100,000 people was launched by China to document their genetic makeup for a study that aims to help generate the precision medicines of the future.  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. The project includes four stages - collecting, sequencing gene samples, gathering the data and sharing the findings.

31 December 2017

US buyout giant KKR & Company become the first foreign investor to fully own an asset reconstruction company (ARC) in India as it received approval from the Reserve Bank of India. KKR, one of the most aggressive investors in financial services, plans to deploy a major chunk from its record Asia fund for buying troubled assets in the country, multiple sources with direct knowledge of the matter.

31 December 2017

China didn’t stop to make the first solar road of the world despite many-sided the concept as impractically. The project will serve as a clean energy testbed to evaluate new technologies, with an overarching goal to reduce the amount of land needed for solar farms and transmission wires. The panels, covering 5,875 square meters, can generate 1 million kWh of power in a year, enough to meet the everyday demand of around 800 households. Electricity produced by the test section will be used to power highway lights, signboards, surveillance cameras, tunnel and toll gate facilities. Surplus power will be supplied to the state grid. Future functions to be developed include mobile charging for electric vehicles and providing internet connection.

31 December 2017

Prime Minister Narendra Modi will share his thoughts with listeners of All India Radio in the Mann Ki Baat programme at 11 AM. his is the 39th edition of the Mann Ki Baat programme will be broadcast on an entire network of AIR and Doordarshan.  It will also be streamed on the YouTube channels of the Prime Minister’s Office, Ministry of Information and Broadcasting and DD News. 

31 December 2017

Indian Affairs: Tamil Nadu Assembly passes a bill replacing ordinance to revive Jallikattu. Science and technology: ISRO to launch record 103 satellites on a single rocket.18-year-old Indian designed world's lightest satellite:KalamSat will be launched by NASA., Android Oreo released by Google Business and Economy & Banking and Finance: India becomes 1st country to give to UN Tax Fund with $100000 contribution,20 Indian firms in Top 100 companies in Asia 300 Ranking, Microsoft launches ‘Made for India’ Kaizala app, Reliance Chairman Mukesh Ambani launched Branded 4G Phone for free with deposit.,India Jumps to 14th Rank as Best Country for Expats HSBC Survey.GST Bill passed from July 1 Awards and Honours: Anupam Kher receives Kala Ratan Award 2017, Linking Aadhaar number to bank accounts is mandatory. International Affairs:3rd G20 Framework Working Group meeting held in Varanasi.Summit and Conference: G7 Summit in Italy. Sports: Rafael Nadal wins 10th French Open title, International Olympic Committee approves 15 new events for 2020 Tokyo Games. Appointments: Ram Nath Govind President of India, Venkaiah Naidu sworn in as Vice President of India Books and Authors: Book on Gauri Lankeshs Writings Launched.       ​​​​​​​   ​​​​​​​