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Most Important Current Affairs of the Day- 07.12.2019

Most Important Current Affairs of the Day- 07.12.2019

1. Asian Development Bank approves $1 billion emergency loan for Pakistan

  • The Asian Development Bank (ADB) has approved an emergency loan worth $1 billion for Pakistan.
  • The loan is part of a multi-donor economic reform programme led by the IMF to “shore up (Pakistan’s) public finances” and help strengthen its “slowing economy”, ADB said.
  • It also approved a $300 million policy-based loan for Pakistan for the country’s energy sector.

    About Asian Development Bank:

    • Motto: Fighting Poverty in Asia and the Pacific
    • Formation: 19 December 1966
    • Headquarters: Philippines
    • Membership: 68 countries

    About Pakistan:

    • Capital Islamabad
    • President: Arif Alvi
    • Prime Minister: Imran Khan
    • Currency: Pakistani rupee
    Important Possible questions based on above News:
    1. The Asian Development Bank (ADB) has approved an emergency loan worth ___ for Pakistan. $1 billion
    2. Where is the headquarters of Asian Development Bank located? Philippines

2. RBI raises peer-to-peer lending limit five-times to 50 lakh

  • The Reserve Bank of India (RBI) has raised its lending limit to peer-to-peer (P2P) platforms five-folds to 50 lakh from current 10 lakh.
  • However, the exposure of a single borrower is capped at 50,000 across all NBFC-P2P platforms.
  • The decision was made after “a review of the functioning of the lending platforms and lending limit was carried out by RBI.”
  • In the P2P industry, individual borrowers are connected to lenders through digital platforms, and the platform just plays the role of a marketplace. More than 15 companies have registered with the RBI as non-banking finance company P2P lending platforms.
    Important Possible questions based on above News:
    1. Recently Reserve Bank of India (RBI) has increased the peer-to-peer (P2P) platforms lending limit from Rs. 10 lakhs to ___. Rs 50 lakh

3. K Vijay Kumar appointed senior security advisor in MHA

  • Former advisor to the Governor of the erstwhile state of Jammu and Kashmir, K Vijay Kumar, has been appointed as a senior security advisor in the Union Home Ministry headed by Amit Shah.
  • The 1975-batch officer of the Indian Police Service (IPS) will “advise the ministry on security related matters of Union Territory of JK and Left Wing Extremism (LWE) affected States
  • The appointment order issued by the Union Home Ministry on December 3 stated that 67-year-old Kumar will be in the position for a period of one year from the date of his taking charge.
  • Kumar has served as the Director General of the Central Reserve Police Force (CRPF), Director of the National Police Academy in Hyderabad and his most talked about stint was as the chief of the Tamil Nadu police special task force that killed forest brigand Veerappan in 2004.
  • After his retirement from service and as DG, CRPF in 2012, Kumar was appointed as senior security advisor (LWE) in the Home Ministry then headed by Rajnath Singh.

    Ministry of Home Affairs :

    • Formed: 15 August 1947
    • Minister of Home Affairs: Amit Shah
    • Minister of State for Home Affairs: G. Kishan Reddy, Nityanand Rai
    • Home Secretary: Ajay Kumar Bhalla
    Important Possible questions based on above News:
    1. Who has been appointed as a senior security advisor in the Union Home Ministry headed by Amit Shah? K Vijay Kumar
    2. Former J&K Governor’s advisor K Vijay Kumar has recently been appointed as Senior Security Advisor in which ministry of India? Ministry of Home Affairs

4. Jairam Sridharan steps down as Axis Bank CFO

  • Jairam Sridharan, Group Executive and Chief Financial Officer and Key Managerial Personnel of Axis Bank, has stepped down from his post . He informed that he would like to pursue other career opportunities and as such has resigned from his services, Axis Bank said in a filing on Bombay Stock Exchange.
  • Sridharan will continue to serve as the Group Executive and Chief Financial Officer of the bank under his notice period of three months, Axis Bank further stated in its statement.
  • He joined Axis Bank in 2010 and was elevated to the group CFO’s position in 2015

    About Axis bank:

    • Founded: 1993
    • Headquarters: Mumbai
    • Chairman: Shri Rakesh Makhija
    • MD & CEO: Amitabh Chaudhry
    Important Possible questions based on above News:
    1. Who has recently stepped down from the post of chief financial officer of Axis Bank? Jairam Sridharan
    2. Who is the current chairman of Axis Bank? Rakesh Makhija

5. Celebrity make-up artist Subhash Vagal aka Subbu passes away

  • Celebrity make-up artist Subhash Vagal fondly known as ‘Subbu’ lost his battle against cancer.
  • Several celebrities including Anushka Sharma, Nimrat Kaur, Malaika Arora, Katrina Kaif shared heartfelt emotional posts about him.
  • The man has styled some popular actresses of Bollywood like Kareena Kapoor, Tabu, Radhika Apte and Anushka Sharma.
    Important Possible questions based on above News:
    1. Subhash Vagal, who recently passed away, was the Bollywood’s popular ___. Make-up artist

6. India’s Top 10 Police Stations for 2019 announced

  • Government has released the list of best performing Police stations from across the country. The Top 10 Police Stations in the country are:-
  1. Aberdeen- Andaman, Andaman & Nicobar Islands
  2. Balasinor- Mahisagar, Gujarat
  3. Ajk Burhanpur- Burhanpur, Madhya Pradesh
  4. AWPS Theni- Theni , Tamil Nadu
  5. Anini- Dibang Valley, Arunachal Pradesh
  6. Baba Haridas Nagar, Dwarka- South West, District Delhi
  7. Bakani- Jhalawar, Rajasthan
  8. Choppadandi (M)- Karimnagar, Telangana
  9. Bicholim- North Goa, Goa
  10. Bargawa- Sheopur, Madhya Pradesh
  • The objective was to rank the top 10 Police Stations out of 15,579 Police Stations in the country through data analysis, direct observation and public feedback. The ranking process commenced with shortlisting of the best performing Police Stations, in each State on the basis of addressing
    • Property offence
    • Crime against women
    • Crime against weaker sections.
  • Number of Police Stations selected initially from each State comprise of:
    • Three from each State with more than 750 Police Stations
    • Two from all other States and Delhi
    • One from each Union Territory
      Important Possible questions based on above News:
      1. Which Police station in the Andaman and Nicobar Islands has topped the 2019 list of India’s Top 10 Police Stations? Aberdeen
      2. Recently which police station of Gujarat has secured the second rank among the top 10 police stations in India? Balasinor

7.  Haryana govt distributed 101 Pashu Kisan Credit Cards in Bhiwani

  • The First Pashu Kisan credit cards in India were distributed to 101 animal farmers in Bhiwani in Haryana.
  • Animal Husbandry & Dairy processing Minister of Haryana, Jayprakash Dalal and Chairman Haryana Animal Husbandry Development Board, Somvir Sangwaan were present on this occasion.
  • Haryana Government has set a target to issue 10 lakh Pashu Kisan Credit cards by March 2021.
  • Under the Scheme, banks give Rs 40783 for a cow and Rs 60249 for a buffalo. The credit amount for goat and sheep each is Rs 4063. In the case of a pig, it is Rs 16337 per pig. For Hens, it is Rs 720 per layer and Rs 161 per broiler hen.
    Important Possible questions based on above News:
    1. Which state government has recently distributed the first Pashu Kisan credit cards in India? Haryana
    2. The First Pashu Kisan credit cards in India were distributed to 101 animal farmers in which district of Haryana? Bhiwani

8. ‘Friends’ actor Ron Leibman passes away at 82

  • Ron Leibman, who played the father of Jennifer Aniston’s character in ‘Friends’, passed away due to pneumonia at the age of 82.
  • Apart from ‘Friends’, Ron is also known for his roles in films like ‘Slaughterhouse-Five’, ‘Where’s Poppa?’ and the 1979 film ‘Norma Rae’.
  • The actor also won an Emmy award in 1979 for TV series ‘Kaz’.
    Important Possible questions based on above News:
    1. Name an actor in the popular American television series ‘Friends’, who passed away recently? Ron Leibman

9. Assam govt sets up Anti-Depredation squads

  • The Assam government has set up 15 Anti-Depredation Squads of the Forest department to deal with human-wildlife conflicts in the state.
  • The anti-depredation squads will be stationed in 15 major human-wildlife conflict districts of the state to deal with the problem and ensure the safety of both humans and animals.
  • The anti-depredation squads will be equipped with all logistics required for mitigating the conflict. The squads will have 12 bore pump action guns and rubber bullet ammunition.
    Important Possible questions based on above News:

Which state government has recently set up 15 Anti-Depredation Squads of the Forest department to deal with human-wildlife conflicts in the state? Assam

10. Indian Army lifts Sudan Polo Cup

  • The Indian Army team lifts Sudan Polo Cup, one the most prestigious polo tournament, beating beats British Army team . The match took place at the Jaipur Polo Grounds in Delhi between the both the polo teams.
  • In a well contested match, the Indian team won the match by 5-3 following which Vice Chief of Indian Army Lieutenant General Manoj Mukund Naravane felicitated the teams.
  • The Sudan Cup, is one of the most prestigious polo tournament, played between the British Army and the Indian Army alternately in India and UK. It was instituted in 1922.
    Important Possible questions based on above News:
    1. Who won the Sudan Polo Cup recently? Indian Army
    2. The Sudan Cup is one of the most prestigious polo tournaments played between the Indian Army and ___. British Army

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