Current Affairs 25th December 2019 | Current Affairs News
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CURRENT AFFAIRS: BANKING AND FINANCE
RBI caps lending on P2P platforms at Rs 50 lakh
- To protect consumers interest, the Reserve Bank on December 23 stated that on a peer-to-peer lending (P2P) platform the permissible exposure of a lender to all borrowers should not exceed Rs 50 lakh at any given point of time. “On a review, it has been decided that the aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms, shall be subject to a cap of Rs 50,00,000 provided that such investments of the lenders on P2P platforms are consistent with their net-worth.
- The lender investing more than Rs 10 lakh across P2P platforms will produce a certificate to P2P platforms from a practising Chartered Accountant certifying minimum net-worth of Rs 50 lakh.
Amazon to open first farm collection centre in Pune
Amazon Retail India Pvt Ltd, the retail arm of e-commerce giant Amazon, will soon open its first farm collection center in Pune, sources privy to the development said. Under its farm-to-fork initiative, Amazon will directly purchase vegetables from farmers, who would be paid within 24 hours.
SEBI inks pact with Kazakhstan-based AFSA for mutual, technical cooperation
- Markets regulator SEBI (Securities and Exchange Board of India) has signed a bilateral memorandum of understanding (MoU) with Kazakhstan-based Astana Financial Services Authority (AFSA) for mutual co-operation and technical assistance.
- The MoU was signed by SEBI Chairman Ajay Tyagi and the acting chief executive officer (CEO) of AFSA MukhtarBubeyev.
About Securities and Exchange Board of India (SEBI)
- It is responsible for regulating Securities market in India. It was first established in 1988 as a non-statutory body for regulating securities market and was given Statutory Powers on 30 January 1992 through Securities and Exchange Board of India (SEBI) Act, 1992.
About Astana Financial Services Authority (AFSA):
- Founded– 2018
- Headquarters– Nur-Sultan, Kazakhstan
- Governor– KairatKelimbetov
CURRENT AFFAIRS: NATIONAL
Union HRD Minister Shri Ramesh Pokhriyal ‘Nishank’ inaugurates 65th National School Games of SGFI in New Delhi
Union HRD Minister Shri Ramesh Pokhriyal ‘Nishank’ inaugurated Lawn Tennis Event (Under 19, Boys & Girls) of 65th National School Gamesorganised by School Games Federation of India (SGFI) at K. Khanna Stadium in New Delhi .
ShriDharmendraPradhan unveils India’s First CNG Bus which can run 1000 Kms in one fill
In a major step towards making India a gas-based economy and making CNG as the eco-friendly option for long distance transport in the country, ShriDharmendraPradhan, Minister of Petroleum& Natural Gas and Steel, unveiled India’s first long distance CNG bus fitted with composite CNG cylinders, which can travel around 1000 kms in a single fill. The project has been executed by Indraprastha Gas Limited (IGL) and has been achieved through pioneering design of Type IV Composite Cylinders in buses, replacing traditional very heavy Type-I Carbon Steel cylinders.
CABINET APPROVALS:
Cabinet approves ex-post facto agreement on Security Cooperation between India and Saudi Arabia
The Union Cabinet, chaired by the Prime Minister ShriNarendraModi has given ex-post facto approval on an Agreement on Security Cooperation between the Government of the Republic of India and the Government of the Kingdom of Saudi Arabia that was signed on 29th October, 2019 during the visit of Hon’ble Prime Minister to Saudi Arabia.
Digital Radio to be launched in 2024: Prakash Javadekar
Information and Broadcasting Minister PrakashJavadekar has stated that NDA government is bringing Digital Radio in 2024.
PM Modi to launch Atal Bhujal Yojana.
Prime Minister NarendraModi will launch AtalBhujalYojana in New Delhi . The Central Government scheme will promote Panchayat led ground water management and behavioural changes with primary focus on demand side management. Union Cabinet approved the 6,000 crore rupees scheme at a meeting. Information and Broadcasting Minister PrakashJavadekar stated that, the scheme will be implemented over a period of 5 years in identified areas in Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh.
CURRENT AFFAIRS: DAYS
Good Governance Day (India)
- Good Governance Day in India is observed on 25 December to commemorate the birth anniversary of AtalBihari Vajpayee.
- His Samadhi namely ‘SadiavAtal’ was dedicated to the nation and reflects his personality as a poet, humanist, statesman, and a great leader.
CURRENT AFFAIRS: APPOINTMENTS AND RESIGNATION
ESAF Small Finance Bank appoints PR Ravi Mohan as its new chairman
- P R Ravi Mohan has been appointed as the new chairman of Kerala-based ESAF Small Finance Bank.
- He replaced R Prabha, who completed his tenure as the chairman.
About ESAF SFB
- ESAF Small Finance Bank is an Indian small finance bank providing banking services and small loans to the underbanked. ESAF started its operations as an NGO in 1992 as Evangelical Social Action Forum.
- Headquarters: Thrissur
- Founded: 2017
NiranjanHiranandani Takes Over As New Assocham President
NiranjanHiranandani, Co-Founder and Managing Director of the respected and well-diversified Hiranandani Group has taken over as the new President of the Associated Chambers of Commerce & Industry of India (ASSOCHAM), the country’s apex organisation of industry and trade.
About ASSOCHAM
- The Associated Chambers of Commerce and Industry of India is one of the apex trade associations of India. The organisation represents the interests of trade and commerce in India, and acts as an interface between issues and initiatives.
- Headquarters: New Delhi
- Founded: 1921
CURRENT AFFAIRS: AWARDS AND HONOURS
UNICEF award to Kamareddy dist. for Swachh Bharat implementation
Kamareddy district in Telangana secured the United Nations International Children’s and Education Fund (Unicef)-2019 Award for effective implementation of Swachh Bharat Mission in water sanitation and hygiene sectors.
About UNICEF
- The United Nations Children’s Fund is a United Nations agency responsible for providing humanitarian and developmental aid to children around the world.
- Headquarters: New York, United States.
- Founded: 1946
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