NATIONAL
UPDATES:
1.Arunachal touches record high revenue
generation : The Arunachal Pradesh government has created a record of
a total revenue generation of Rs 1,598.49 crore in 2017-18, reaching a new high
in the last 30 years. The revenue generation had crossed the Rs 1,000 cr mark
for two consecutive years since Arunachal Pradesh attained statehood in 1987. The
source of revenue generation by the state government includes share of central
taxes, state taxes among others. Chief Minister Pema Khandu had said at a
recent meeting, "The state has witnessed faster change, greater
transparency and unprecedented development in all sectors.
2.All Indian airports set to install body
scanners from 2019 : Airports in India will be able to use body scanners from next
year and spare “clean” passengers physical frisking.The Bureau of Civil
Aviation Security (BCAS) is soon going to come out with technical
specifications of these scanners and then airports can install and machines
meeting those norms.The scanners to be used in India will need to be customized
for Indian ‘conditions’ so that it can penetrate the layers of clothes unique
to the country — like chunnat (front fold) of a sari, lungiand pallus.
3.
Internet access in India has crossed 50 crore
milestone : The number of internet connections in India has grown by
65% from March 2016 to cross the 50 crore mark in 2018, in line with the target
set by the Narendra Modi government three years ago.As per the latest
information from the Telecom Regulatory Authority of India (Trai), by the end
of September 2018, there were 56 crore narrowband and broadband connections in
India.Just five states - Karnataka, Tamil Nadu, Andhra Pradesh (including
Telangana), Gujarat and Maharashtra — account for 20 crore or 36% of all internet
connections in India.
4.
Train 18 to begin operations in Jan 2019 : According to the
sources, Train 18, India's fastest train, will begin operations in January 2019
at a curtailed speed of 130 kmph.Train 18, which is set to replace the Shatabdi
series, has the potential to run between 160 kmph to 200 kmph.At trials, it
breached the 180-kmph mark."Train 18 is likely to run in January after the
report of the Chief Commissioner Railway Safety (CCRS) is approved by the
board.
INTERNATIONAL
UPDATES:
1.India pips China in FDI
inflows for the first time in 20 years : For
the first time in two decades, India has been getting more foreign investment
than its neighbor China. In 2018, India saw more than $38 billion of inbound
deals compared with China’s $32 billion. India’s foreign direct investment
(FDI) was the highest ever with 235 deals amounting to $37.76 billion this
calendar year, according to data from Dealogic, a global M&A and capital
markets data provider, beating China, which has historically been the favorite
for emerging market bets.China’s trade standoff with the US is seen as a major
reason for the slowdown.
2. Michelle Obama, America’s most admired woman
: After Hillary
Clinton, US former first lady Michelle Obama tops
the list of America’s most admired woman.Former President Barack Obama was the
most admired man for the 11th year in a row while President Donald Trump
finished second for the fourth consecutive year.According to Gallup’s report of
the most admired man and woman in the world, Barack Obama and Michelle Obama
hold the topmost positions.
OTHER
UPDATES:
BANKING/FINANCE:
1.Bank-led resolution of
NPAs set to begin : Indian Banks’
Association (IBA) has set up an oversight committee with a former deputy
governor from Reserve Bank of India to kick-start bank-led resolution of
stressed assets under the inter-creditor agreement. The association has now
asked the 34 lenders to initiate and send the resolution proposals under the
scheme. A senior IBA official said banks have been told to provide forensic
reports and credit rating of the borrower along with the resolution plan “Under
Project Sashakt, an overseeing committee (OC) is to be set up to look into
these resolutions.
2. New ED for Corporation Bank :The Centre has appointed Birupaksha Mishra as an Executive
Director of Corporation Bank. He has taken over the charge on December 26. Mishra
is a Post Graduate and a Certified Associate of Indian Institute of Bankers
(CAIIB). Prior to this appointment, he was General Manager in Central Bank of
India.