Current Affairs - 21/December/2018

WV Raman appointed as India’s women team coach –

·       Former India opener, W.V Raman was appointed as the new coach of the Indian Women’s Cricket team.

·       Raman was among three recommendations made by the ad-hoc committee of Kapil Dev, Anshuman Gaekwad, and Shantha Rangaswamy.

·       He has represented India in 11 Tests and 21 One Day International’s.

·       He is currently a batting consultant at the National Cricket Academy (NCA) in Bengaluru.

India & China held ‘People-to-People’ meeting –

·       India and China held the first ever meeting of the ‘India-China High Level Mechanism on Cultural and People-to-People exchanges’.

·       The meeting was held in Delhi on 21 December 2018.

·       The meeting was attended by External Affairs Ministers Sushma Swaraj and her Chinese counterpart Wang Yi.

·       The meeting aims to strengthen bilateral cultural ties.

Consumer Protection Bill passed in Lok Sabha –

·       On 20 December 2018, Lok Sabha passed the Consumer Protection bill, 2018 that seeks to replaced the Consumer Protection Act, 1986.

·       The bill enforces Consumer Rights and provides a redressal of complaints regarding deficiencies in goods and services.

·       It seeks to establish Consumer Disputes Redressal Commissions at District, State, and National Levels.

RBI caps outstanding ECB’s at 6.5% of GDP –

·       On 20 December 2018, the Reserve Bank of India (RBI) announced a cap for outstanding stocks for External Commercial Borrowings (ECB) at 6.5% of GDP of the country.

·       The outstanding stocks of ECB as on 30 September 2018 was $126.29 billion.

·       ECBs refer to commercial loans in the form of bank loans, securitized instruments and buyers’ credit, supplier’s credit availed of from non-resident lenders.

All Computers now under government watch –

·       The Ministry of Home Affairs (MHA) issued an order of authorising 10 Central Agencies to Intercept, Monitor and decrypt ‘any information generated, transmitted, received or stored in any computer’.

·       The MHA gave the authorization under 69 (1) of the Information Technology Act, 2000.

·       The agencies are the Intelligence Bureau, Narcotics Control Bureau, Enforcement Directorate etc.

Conservation Project for Lions launched –

·       The Ministry of Environment, Forests and Climate Change launched the ‘Asiatic Lion Conservation Project’ on 20 December 2018.

·       The aim of the project is to protect and conserve the world’s last raging free population of Asiatic Lion and its associated ecosystem.

·       The project will be funded from the Centrally Sponsored Scheme- ‘Development of Wildlife Habitat’ (CSS-DWH).

Government online training programme launched –

·       ‘IGOT’ (Integrated Government Online Training Programme) was launched on 20 December 2018.

·       It was developed by Department of Personal and Training, Ministry of Personnel, Public Grievances and Pensions.

·       It will augment the existing training mechanism, provided to Government servants, with online module based training coupled with certification.

Government to infuse Rs.83,000 crore in PSBs –

·       The government of India will infuse Rs. 83000 crore in Public Sectors Bank (PSBs) in the next few months in the central fiscal.

·       The government of India moved the proposal in Parliament for enhanced bank recapitalization.

·       The recapitalization will enhance the lending capacity of PSBs and help them come out of the RBIs Prompt Corrective Action (PCA) framework.

Rs.2500 to be deposited in tea workers account –

·       The Assam government has approved the release of the second installment of the ‘Chah Bagicha (tea estate) Dhan Puruskar Mela’.

·       Rs.2500 will be deposited in each bank account of tea garden workers that were opened just after the demonetisation in 2016.

·       This amount is the second installment of the Rs.5,000 incentive announced in the budget for 2017-18.

ITC ocean Complex will be inaugurated in Hyd –

·       International Training Centre for Operations Oceanography (ITCO ocean) Complex will be inaugurated in Hyderabad on 22 December 2018.

·       It was established by the Ministry of Earth Sciences.

·       It will provide training to scientists/researchers/government officers/disaster managers/decision makers in the areas of ocean science and management.

Infosys appoints Nilanjan Roy as CFO –

·       India’s second largest IT services from Infosys named Nilanjan Roy as its Chief Financial Officer (CFO), effective from 1 March 2019.

·       He replace interim CFO Jayesh Sanghrajka, who will resume his responsibilities as deputy CFO.

·       Before joining Infosys, he was the Airtel’s Global CFO since August 2015.

·       Before Airtel, he was with Unilever Plc for 15 years.

PM Modi to lay foundation of PHPL –

·       The Prime Minister,Narendra Modi will lay th foundation of ‘Paradip Hyderabad Pipeline Product’ Project (PHPL) on 24 December 2018.

·       He will also lay the foundation of ‘Jagdishpur Haldia and Bokaro-Dhamra’ Gas Pipeline Project (PM Urja Ganga) and is being built by the Gas Authority of India Limited.

·       PHPL is being built by an India Oil Corporation Limited.

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