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Important Current Affairs 29th December 2019

President confers Dada Saheb Phalke Award to Amitabh Bachchan: Top tweets

Amitabh Bachchan was honoured with India’s highest film award, Dada Saheb Phalke Award by President Ram Nath Kovind on December 29, 2019. The legendary actor had missed out on the 66th National Film Awards ceremony due to health issues. The actor was conferred the award amidst an audience that comprised his family and the National Film Awards 2018 winners and jury members.

MyGov reaches 1 crore registered users: PMO

• The Prime Minister’s Office has informed that the Central government’s citizen-centric online engagement platform,, has reached one crore registered users.

• MyGov was launched on 26 July 2014 to offer a platform for the voice and views of the people of India.

RBI directs large Co-operative Banks to Report all exposures of Rs 5 crore and Above

• The Reserve Bank of India has decided that all Primary (Urban) Co-operative Banks (UCBs) having total assets of Rs 500 crore and above as on 31 March, 2018 shall report their credit information, including classification of an account as Special Mention Account (SMA), on all borrowers having aggregate exposures of Rs 5 crore and above with them to Central Repository of Information on Large Credits (CRILC) maintained by the Reserve Bank.

• Aggregate exposure shall include all fund-based and non-fund based exposure, including investment exposure on the borrower.

Hemant Soren Takes Oath As 11th Chief Minister Of Jharkhand

• The Jharkhand Mukti Morcha (JMM) working president Hemant Soren took oath as the 11th Chief Minister of Jharkhand in Ranchi on December 29, 2019.

• This is the second time that Mr Soren is being sworn in as the chief minister. Before this, Soren served as the 5th Chief Minister of Jharkhand (13 July 2013 – 28 December 2014).

• He was administered the oath of office and secrecy by Governor Droupadi Murmu.

No MDR charges will be applicable on transactions through RuPay, UPI platforms from 01 January 2020

• The Union Finance Minister Nirmala Sitharaman has announced that no Merchant Discount Rate (MDR) will be applicable on transactions made through RuPay and UPI platforms with effect from 01 January 2020.

• Also, all companies with a turnover of Rs 50 crore and above will now be mandated to provide the facility of payment through RuPay Debit card and UPI QR code to their customers.

• Merchant Discount Rate (MDR)

The cost paid by a merchant to a bank for accepting payment from their customers via digital means. It is expressed in percentage of the transaction amount.

UN General Assembly approves $3.07 billion budget for 2020

• The UN General Assembly has adopted the regular operating budget of $3.07 billion ($3,073,830,500) for the United Nations for the year 2020 and for the first time includes funding for the investigation of war crimes in Syria and Myanmar.

• It is also for the first time since 1973 that the UN is adopting an annual operating budget instead of a two-year.

Veteran Political Cartoonist Vikas Sabnis passes away

• Veteran Political cartoonist Vikas Sabnis, who made caricatures and political cartoons on various subjects and issues, passed away. He was 69.

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