Current Affairs Current Affairs December 2019

  The United Kingdom(UK) hosted two days organised 2019 NATO (North Atlantic Treaty Organization) Summit in London. The year 2019 marks the 70th anniversary of the summit. It was attended by NATO leaders and chaired by NATO Secretary-General Jens Stoltenberg. The purpose of the summit was to make the heads of state and heads of government of NATO member countries to evaluate and provide strategic direction for Alliance activities.
Source: The BBC

 Commerce and Industry Minister inaugurated the 3rd edition of National Public Procurement Conclave in New Delhi. The conclave has been organized by Government e-Marketplace, GeM in association with Confederation of Indian Industry. GeM epitomizes the speed, skill and scale which is essential in an e-marketplace platform. GeM rests on the three pillars of openness, fairness and inclusiveness and is a symbol of a truly transparent e-marketplace.
Source: The News on AIR

 The Online trucking platform BlackBuck has partnered with private lenders IDFC Bank and Yes Bank to provide FASTags to truck owners free of cost. Truck owners can order FASTags on BlackBuck’s Boss App, a digital services platform exclusively for truck fleet owners, and it will be delivered at their doorstep free of cost until December 31, 2019. The initiative is expected to help over 3 million trucks in India become FASTag compliant.
Source: The Economic Times

 The National Investment and Infrastructure Fund (NIIF) of India and Canada Pension Plan Investment Board (CPPIB) have agreed for CPPIB to invest up to $600 million through the NIIF Master Fund. The agreement includes a commitment of $150 million in the NIIF Master Fund and co-investment rights of up to $450 million in future opportunities to invest alongside the NIIF Master Fund. The NIIF Master Fund invests equity capital in core infrastructure sectors in India, with a focus on transportation, energy and urban infrastructure.
Source: The Hindu

  HDFC ERGO general insurance company, India’s third-largest non-life insurance provider in the private sector, has launched “my: health Woman Suraksha policy”, a comprehensive medical insurance scheme specially designed for women. The my:health Woman Suraksha policy is specially designed to cover women against numerous illnesses and contingencies they may face during their lifetime, thereby providing financial aid in case of medical contingencies. The benefits include fitness discount at renewals, specially designed preventive health check-ups after every renewal and wellness services like health coaching, nutrition and weight management services, discounts at pharmacies, etc. It also provides counselling on stress management, pregnancy care, work-life balance, etc which is much needed by today’s new age women. This policy is offered to women between 18-65 years of age and offers a sum insured ranging from Rs. 1 lakh to 1 crore.
Source: The Business Standard

  Exercise INDRA 2019 a joint, tri-services exercise between India and Russia will be conducted in India from 10-19 December 2019 simultaneously at Babina (near Jhansi), Pune, and Goa. The contingents of both countries will share expertise and their professional experience. The esprit-de-corps and goodwill shall be the key areas during the exercise which will facilitate the further strengthening of bonds between the defence forces of India and Russia. The INDRA series of exercise began in 2003 and the First joint Tri-Services Exercise was conducted in 2017, It will be a historic occasion for two of the world’s greatest Armed Forces to join hands and successfully conduct an exercise of this magnitude with professionalism, to imbibe the best practices from each other, jointly evolve and drills to defeat the scourge of terror under the United Nation mandate.
Source: The Press Information Bureau

  The country’s foreign exchange reserves crossed the $450-billion mark for the first time ever on the back of strong inflows which enabled the central bank to buy dollars from the market, thus checking any sharp appreciation of the rupee. India’s foreign exchange reserves were at $451.7 billion on December 3, 2019, an increase of $38.8 billion over end-March 2019. The Reserve Bank has always maintained that it intervenes in the foreign exchange market to curb volatility and does not target a particular level of the exchange rate.
Source: The Hindu

 The Union Minister for food processing inaugurated Avantee mega Food Park in Dewas, Madhya Pradesh. This first food park of central India is spread over 51 acres and has been constructed at a cost of about 150 crore rupees. About 5 thousand local people will get employment from this Mega Food Park. Processing of soybean, gram, wheat and other grains and vegetables will be done in the park. Warehouses will also be opened in Indore, Ujjain, Dhar and Agar in the next phases.
Source: The News on AIR

  Union Minister for Jal Shakti Gajendra Singh Shekhawat and Uttarakhand Chief Minister Trivendra Singh Rawat inaugurated the 14 MLD sewage treatment plant (STP) in Sarai village near Haridwar in the presence of Sweden’s King Carl XVI Gustaf and Queen Silvia. The Sarai STP is “the first-ever project in the country on a hybrid annuity PPP model (HAM)”. 34 STPs are being built in Uttarakhand at a cost of Rs 1,144 crore, besides crematoria and ghats on the Ganga. Of these, 23 have been completed. Once all the STPs become operational, there will be “considerable improvement in the water quality of Ganga,”.
Source: The News on AIR

  Tennis legend Roger Federer will become the first living person in Switzerland to have a coin minted in his honour. The Federal Mint, Swissmint, has created a 20-franc silver coin bearing Federer’s image. It’s the first time in its history that Swissmint has created a commemorative coin to honour a living person.
Source: The Hindu


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