Thursday, 21 December 2017

CURRENT AFFAIRS 20TH DECEMBER 2017...COMPRESSED

1. Banking Affairs HDFC Bank its board had given nod to raise Rs 24,000 crore through a preferential issue of shares to its promoter HDFC Ltd and by issuing shares and depository receipts to fund the bank's growth plans. The general meeting on February 19 to seek approval of its shareholders.

2. The World Bank committed $125 million (around Rs800 crore) loan to India for the STRIVE project for skill development. The main objective of the operation (Skills Strengthening for Industrial Value Enhancement) is to improve access to quality and market-driven vocational training as well as apprenticeships. The financing agreement was signed between the World Bank and the Finance Ministry.

3. France's parliament has approved a law banning all exploration and production of oil and natural gas by 2040 within the country and its overseas territories. Under that law that passed a final vote, existing drilling permits will not be renewed and no new exploration licenses will be granted. The French government claims the ban is a world first.

4. The Skill Development Ministry and Maruti Suzuki have signed an agreement to impart training to youth and enhance their employment potential.

5. The government of Andhra Pradesh entered into an agreement with the moonshot factory of Alphabet (earlier Google) X to bring the breakthrough Free Space Optical.

6. AU Small Finance Bank announced signing an MoU with Sahaj e-Village for extending its banking service in remote areas through Business Correspondent Agent (BC) model.

7. YES Bank and the European Investment Bank will co-finance $400-million funding for renewable power generation in the country.

8. The Telangana state government’s prestigious Kaleshwaram Lift Irrigation Scheme (KLIS) has finally got the Green Nod from central government.

9. Indian Navy in collaboration with its Sri Lankan counterpart has successfully completed the second phase of the joint oceanographic survey conducted off the South Western Coast of Sri Lanka. The survey commenced on 26 October with the arrival of Indian Naval Ship Sutlej in Sri Lanka.

10. Prime Minister Narendra Modi announced immediate financial assistance worth 325 crore rupees to cater to the requirements of cyclone Ockhi affected Kerala, Tamil Nadu and Lakshadweep.

11. Bharti Airtel Limited entered into a definitive agreement with Millicom International Cellular S.A. under which Airtel Rwanda Ltd will acquire 100% equity in Tigo Rwanda Ltd. This comes after Airtel’s announcement to merge with Millicom, which operates the brand Tigo, in another African nation Ghana.

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