1.Former India opener, W. V. Raman was appointed as the new coach of the Indian women’s cricket team.
2.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 Minister Sushma Swaraj and her Chinese counterpart Wang Yi.
2.Lok Sabha passed the Consumer Protection Bill, 2018 that seeks to replace the Consumer Protection Act, 1986.The Bill enforces consumer rights and provides a mechanism for redressal of complaints regarding deficiencies in goods and services.It seeks to establish Consumer Disputes Redressal Commissions at District, State, and National levels.
3.The Reserve Bank of India (RBI) announced a cap for outstanding stock of External Commercial Borrowings (ECB) at 6.5% of GDP of the country.The outstanding stock of ECB as on 30 September 2018 was $126.29 billion.ECBs refer to commercial loans in the form of bank loans, securitised instruments buyers’ credit, suppliers’ credit availed of from non-resident lenders.
4.The Ministry of Home Affairs (MHA) issued an order authorising 10 Central agencies to intercept, monitor, and decrypt ‘any information generated, transmitted, received or stored in any computer’.The MHA gave the authorisation under 69 (1) of the Information Technology Act, 2000.The agencies are the Intelligence Bureau, Narcotics Control Bureau, Enforcement Directorate etc.
5.The Ministry of Environment, Forest 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 ranging 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).
6.The ‘Sustainable Development Goals (SDG) India Index: Baseline Report 2018’ was released by the NITI Aayog on 21 December 2018.SDG India Index is a comprehensive Index to measure the progress of States /UTs, through a single measurable Index.The First Baseline Report for 2018 was prepared with the support of Global Green Growth Institute and UN in India.
7.‘iGOT’ (Integrated Government Online Training Programme) was launched on 20 December 2018.It was developed by Department of Personnel and Training, Ministry of Personnel, Public Grievances & Pensions.It will augment the existing training mechanism, provided to government servants, with online module-based training coupled with certification.
8.The Ministry of Information & Broadcasting is organising an ‘India-China Film festival’ from 22 to 24 December 2018.It will be organised during the first ‘India-China High-Level Mechanism on Cultural and People-to-People Exchanges’.The list of Indian films that will be screened includes ‘Dangal'(Hindi), ‘Maacher Jhol’ (Bengali), and ‘Ventilator’ (Marathi).
9.The government of India will infuse Rs 83,000 crore in Public Sector Banks (PSBs) in the next few months in the current fiscal.The government of India moved the proposal in Parliament for enhanced bank recapitalisationThe recapitalisation will enhance the lending capacity of PSBs and help them come out of the RBI’s Prompt Corrective Action (PCA) framework.
10.The Assam government has approved the release of the second installment of the ‘Chah Bagicha (tea estate) Dhan Puraskar Mela’.Rs 2500 will be deposit in each bank accounts 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.
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