1.The government of India appointed Krishnamurthy Subramanian as the Chief Economic Advisor (CEA) on 7 December 2018.He will have a tenure of three years.He is currently working as an Associate Professor at the Indian School of Business (ISB), Hyderabad.He also serves on the boards of Bandhan Bank, the National Institute of Bank Management and the RBI Academy.
2.The Food and Agriculture Organisation (FAO) approved India’s proposal to observe 2023 as the ‘International Year of Millets’.Millets consist of Jowar, Bajra, Ragi and minor millets, together termed as nutri-cereals.FAO also approved India’s membership to the Executive Board of the ‘World Food Program’ for 2020 and 2021.This decision was taken at the 160th session of FAO Council in Rome.
3.Rattan Lal has won the ‘Glinka World Soil Prize 2018’ in a ceremony held at the UN’s Food and Agriculture Organisation (FAO) headquarters in Rome on 6 December 2018.He was awarded for his outstanding contribution to sustainable soil management and the protection of soil resources.The ‘Glinka World Soil Prize’ is considered the highest honour in the soil science profession.
4.NITI Aayog launched ‘AI 4 All Global Hackathon’ on 7 December 2018.NITI Aayog partnered with ‘Perlin’, a Singapore-based AI (Artificial Intelligence) startup, to launch this Hackathon.The objective of this Hackathon is to promote awareness and subsequently develop solutions that deliver the twin benefit of efficient computing to address the infrastructure challenges.
5.According to a report by Oxford Economics, Surat will be the world’s fastest growing city in the 2019-35 period.The report further said that all the top ten fastest-growing cities in the world in 2019-35 will be from India.The other 9 cities are Agra, Bengaluru, Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirappalli, Chennai, and Vijayawada.The report is authored by economist Richard Holt.
6.The Indian Navy is celebrating Submarine Day on 8 December.The day commemorates the induction of the first submarine, the erstwhile INS Kalvari, into the Navy on this day in 1967.The Foxtrot class submarine was decommissioned on 31 May 1996, after 29 years of service.
7.The Cabinet Committee on Economic Affairs has approved the strategic sale of 52.63% stake in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC).This deal is expected to fetch the exchequer around ₹15,000 crore.This transaction will help the government meet its ₹80,000-crore disinvestment target for 2018-19.The transaction will be through the acquisition route.
8.Rajanish Giri has been awarded the ‘Innovative Young Biotechnologist Award (IYBA) 2018’.He was selected for his proposed innovative idea on Zika virus Capsid Folding and inhibitor discovery.He is the assistant professor from the Indian Institute of Technology-Mandi (IIT-Mandi).The ‘Innovative Young Biotechnologist Award’ (IYBA) was instituted by the Department of Biotechnology in 2005.
9.The National Bank for Agriculture and Rural Development (NABARD) signed an agreement with Green Climate Fund (GCF) on 8 December 2018.The agreement has been signed to infuse $100 million into a rooftop solar power project.The project will be executed by Tata Cleantech Capital Limited.The Green Climate Fund is a fund established within the framework of the UNFCCC.
10.The ‘2018 Global Status Report on Road Safety’ was released by the World Health Organisation (WHO) on 7 December 2018.According to the report, the number of traffic-related deaths reached a high of 1.35 million in 2016.Traffic-related deaths are now the leading global cause of deaths for children and young adults between 5 and 29 years old.The highest death rates are in Africa.
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