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Important Current Affairs 18th December 2019

National

Govt launches National Broadband Mission; to invest 7 trillion in 4 years

• The Government of India has launched the National Broadband Mission (NBM) to fast track growth of digital communications infrastructure, bridge the digital divide and provide affordable and universal access of broadband for all.

• The main objective of the NBM is to provide broadband access to all villages by 2022.

• The mission is part of the National Digital Communications Policy, 2018.

• The mission envisages

• Rs 7 lakh crore investment in next 3 to 4 years.

• Taking optical fibre connectivity to 50 lakh kilometres from the current 22 lakh kilometres.

• Deploy 10 lakh mobile towers from the present 5.65 lakh sites in next 3-4 years

• 10% of the funds would come from the Universal Service Obligation Fund (USOF) and the balance will come from industry in the form of towers and other assets

GEM launches national outreach programme ‘GeMSamvaad’

• Government e-commerce portal GeM has launched a national outreach programme, GeMSamvaad, to bring on-board more local sellers.

• The outreach programme will take place with stakeholders across the country and with local sellers to facilitate on- boarding of local sellers on the marketplace.

• The programme was launched by Commerce Secretary AnupWadhawan in New Delhi.

• The programme will take place from 17th February next year and will cover all the States and Union Territories of the country.

Banking and Economy

Moody’s Further Lowers India’s FY20 growth forecast to 4.9%

• Moody’s Investors Service has lowered its GDP growth projection for India for the fiscal year 2019-20 to 4.9 percent from 5.8 percent.

• The major factors responsible for weakening economic growth are rural financial stress, low job creation and liquidity constraints.

• The US ratings multinational has also lowered the growth forecast for FY 2020-21 to 6.3 percent from an earlier prediction of 6.6 percent.

SUMMITS AND MOU’S

ADB & India Signs USD 250 million loan to expand energy efficiency investments

• The Asian Development Bank (ADB) and the Government of India has signed a $250 million loan to Energy Efficiency Services Limited (EESL) on 16 December 2019 to expand energy efficiency investments in India.

• In addition to the above, USD 46 million financing will be provided from the Clean Technology Fund (CTF), to be administered by ADB.

• ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.

Obituary

MohunBagan president GitanathGanguly passes away

• MohunBagan president and retired justice GitanathGanguly died following a cardiac arrest.

• Ganguly took over as the club president after the SwapanSadhan Bose-led panel swept the elections in November last year.

Veteran actor ShreeramLagoo passes away aged 92

• Veteran actor and theatre personality ShreeramLagoo passed away on Tuesday aged 92 in a private hospital in Pune.

• Lagoo had worked in over 100 Hindi and Marathi films, over 40 Hindi, Marathi and Gujarati plays and also directed over 20 plays in Marathi.

• He won the 1978 Filmfare Best Supporting Actor Award for the Hindi film Gharaonda.

Sports

Australian all-rounder Ellyse Perry named ICC Women’s Cricketer of the Year

• Australian all-rounder Ellyse Perry has been named ICC Women’s Cricketer of the Year for the second time in three years.

• Perry also won the ICC Women’s ODI Player of the Year award. Perry has scored 441 ODI runs and taken 21 wickets this year.

• Australia wicketkeeper Alyssa Healy won T20I Women’s Cricketer of the Year award the second straight year.

Appointment

Cyrus Mistry restored as Executive Chairman of Tata Sons

• The National Company Law Appellate Tribunal (NCLAT) has restored Cyrus Mistry as Executive Chairman of Tata Sons and ruled that his ouster in 2016 was illegal.

• Mistry had taken over as Tata Sons’ sixth chairman in 2012 after Ratan Tata announced his retirement.

• The Mistry family is the single largest shareholder in Tata Sons, with an 18.4% stake.

Sridhar Patra appointed NALCO CMD

• Sridhar Patra was appointed as the chairman-cum-managing director of NALCO, a Personnel Ministry order said.

• Patra is at present Director (Finance) in the National Aluminium Company Limited (NALCO).

• He has been appointed as the CMD of NALCO till the date of his superannuation, i.e. October 31, 2024, the order said.

Ranking

India slips 4 ranks to 112th on WEF’s gender gap report

• World Economic Forum’s (WEF) Global Gender Gap Report 2020 has ranked India at 112th out of 153 countries.

• India has moved down from its 108th position last year.

• The report also stated that India has “abnormally low sex ratios at birth” with 91 girls for every 100 boys.

• Iceland (87.7%) remains the world’s most gender-equal country, India ranked lower than many of its international peers, and some of its neighbours like China (106th), Sri Lanka (102nd), Nepal (101st), Brazil (92nd), Indonesia (85th) and Bangladesh (50th)

• Yemen is ranked the worst (153rd), while Iraq is 152nd and Pakistan 151st.

• The first WEF Gender Gap Index was published in 2006 when India was ranked at 98th position.

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