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 .
A total number of 232 qualified Tennis Players have gathered in Delhi selected from 23 states for the National Level competition here. These players will compete in different categories for the next four days till 28th December.
ShriDharmendraPradhan unveils India’s First CNG Bus which can run 1000 Kms in one fill
Delhi has witnessed a revolution in shift towards cleaner gas based fuels
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.
These CNG buses are being run on pilot basis, but soon they will be scaled on commercial basis. Delhi has witnessed revolution in shift towards cleaner, gas based fuels. Over 500 CNG stationsare operating in Delhi NCR and about 12 lakh piped natural gas connections have been provided.
Over 1,000 PNG connections are being provided daily in the NCR. Long haul CNG buses originating from Delhi to other locations will further drive this shift towards cleaner gas based fuels. This will improve overall ease of living of people by mitigating the problem of air pollution, ensuring a cleaner environment and reducing waiting time at CNG stations.
PM Modi to launch AtalBhujalYojana.
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.
That ground water contributes to nearly 65 per cent of total irrigated area of the country and nearly 85 per cent of the rural drinking water supply.
The limited ground water resources in the country are under threat due to the increasing demands of growing population, urbanization and industrialization.
AtalBhujalYojana has two major components. One is strengthening institutional arrangements for sustainable ground water management in the States including improving monitoring networks, capacity building and strengthening of Water User Associations. Second is incentivising the States for achievements in improved groundwater management practices. The scheme will result in efficient use of available ground water resources with emphasis on demand side measures like micro-irrigation, crop diversification and electricity feeder separation. It will also contribute towards the goal of doubling the farmers’ income.
Rohtang tunnel named after Vajpayee
On the eve of the birth anniversary(25TH Dec) of former Prime Minister late AtalBihari Vajpayee, the Central government announced to name the Rohtang tunnel, a road link between Kullu and landlocked Lahaul Valley in Himachal Pradesh, after Vajpayee.
The Union Cabinet approved two schemes in his honour: one to improve groundwater management in villages and the other to rename the tunnel being built under the Rohtang Pass after him.
The tunnel, being constructed from Manalito Leh, would be renamed as the ‘Atal Tunnel’.
China, Japan, South Korea meet on North Korea, free trade
Leaders from China, Japan and South Korea reiterated their commitment to ending North Korea’s nuclear and missile programs at a trilateral summit that comes against the backdrop of increasing demands by Pyongyang for sanctions relief.
Free trade and economic cooperation were also at the forefront of the meetings between Chinese Premier Li Keqiang, Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in in the southwestern Chinese city of Chengdu
The North has threatened to take unspecified action if that relief is not forthcoming by the end of the year.
Speculation has centered on the possibility of conducting a new missile test, possibly of an intercontinental ballistic missile capable of delivering a nuclear warhead.
Although China is Pyongyang’s most important source of investment, diplomatic support and economic aid, it has shown little success in convincing Kim Jong Un’s government to abandon its nuclear arsenal.
The U.S. has demanded steps toward complete denuclearization before any sanctions can be lifted, while Beijing favors a multi-stage approach
Banking & 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.
Further, all the lenders shall submit declaration to P2P platforms that they have understood all the risks associated with lending transactions and that P2P platform does not assure return of principal/payment of interest the RBI stated in a notification.
On fund transfer mechanism, it said: “Escrow accounts to be operated by bank promoted trustee for transfer of funds need not be mandatorily maintained with the bank which has promoted the trustee”.
The transfer of funds under P2P lending happens through an escrow account mechanism, which is operated by a bank promoted trustee.
It requires at least two escrow accounts, one for funds received from lenders and pending disbursal, and the other for collections from borrowers, be maintained.
It also mandates that all the transactions through bank accounts, and cash transaction are strictly prohibited.
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.
This is pursuant to Amazon’s focus on using technology to enable farmers to directly offer the products to customers and unlock greater value.
A full-fledged operational launch of the center is expected soon. Amazon’s foray into fresh food retail business in India follows a $500 million investment the company made into food and grocery segments after getting government approval in 2017.
The online marketplace’s rival Flipkart has already signed up local farmers and strengthened its fresh food offerings with the help of Walmart’s best-price wholesale stores.
“Amazon Retail’s vision is to offer the largest selection of fresh fruits and vegetables to our customers in two hours.
Currently, the grocery and fresh food sales make up for 40 per cent of the total purchases made through e-commerce, but the market was largely dominated by hyperlocal players like BigBasket and Grofers until Flipkart scaled up its offerings.
ICC Test rankings: Kohli finishes 2019 as top ranked batsman; Rahane slips to seventh
ViratKohli will end the year as the top ranked batsman in the latest ICC Test rankings issued . With 928 points, Kohli is 17 points ahead of Australia’s Steve Smith who occupies the second spot.
New Zealand skipper Kane Willamson ends the year at number three with 864 points. CheteshwarPujararetained his fourth place but Rahane slipped to seventh. He was replaced by Pakistan’s Babar Azam. India’s MayankAgarwal occupies the 12th position while limited overs Vice Captain Rohit Sharma occupies the 15th spot.
Among the bowlers, JaspritBumrah, retains his sixth spot in the list headed by Australia’s Pat Cummins. Among Test all-rounders, India’s RavindraJadeja remains at number 2.
In the ICC World Test Championship, India stand on top with 360 points. Australia with 216 points occupies 2nd spot. Pakistan is in third spot with 80 points.
Appointment & 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.
Mohan worked as chief general manager with the Department of Banking Operations and Development of Reserve Bank of India, where he was involved in regulation of the commercial banking system.
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.
ASSSOCHAM will be always at the forefront when it comes to serving the nation as a podium to voice their opinions and play their part in ushering new dawn of Rising India.
HemantSoren set to be sworn in Jharkhand CM
HemantSoren is an Indian politician from Jharkhand, who is the current11th Chief Minister designate of Jharkhand. He had also served as the 5th Chief Minister of Jharkhand.
He is elected as the Chief Minister of Jharkhand second time. He is also the president of the Jharkhand MuktiMorcha, a political party in Jharkhand.
Award & Honors
Army officer awarded for developing bulletproof jacket
In 2014, Anoop Mishra was hit by a bullet while serving in Kashmir valley. Luckily, the bullet hit his armour plate but he went through deep trauma following which he decided to work on developing an armour that can withstand hits from all kinds of ammunition.
He was felicitated by Army chief Gen. BipinRawat with the Army Design Bureau (ADB) excellence award for indigenously developing Sarvatra bulletproof jacket that can provide protection against various ammunition including that of sniper rifles.
Mishra is presently posted as Instructor at the College of Military Engineering, Pune. He was among the four awardees felicitated by Gen. Rawat.
Science, Space & Technology
Scientists develop new ink formulation for security printing
Researchers from Council of Scientific and Industrial Research- National Physical Laboratory (CSIR-NPL) have developed an ink that may help in combating the problem of counterfeiting of currency notes, fake printing of passports and pharmaceuticals. The ink is based on a single excitable dual emissive luminescent pigment. This new security feature of the ink is suitable for printing of valuable products for protection against duplicity.
The formulation is based on unexplored combinatory concept of the fluorescence and phosphorescence phenomenon.
Both fluorescence and phosphorescence are spontaneous emissions of electromagnetic radiation.
The glow of fluorescence stops right after the source of excitatory radiation is switched off, but in the case phosphorescence afterglow continues for duration ranging from fraction of a second to hours.