NATIONAL NEWS
India to host 2022 G20 Summit on 75th year of Independence
Prime Minister Narendra Modi confirmed that India will host the G20 summit in the year 2022 when the country will complete 75 years of independence.
- The Prime Minister made the announcement at the concluding session on the third day of the G20 Summit in Argentina. Originally slated to host the summit in the year 2021, the Prime Minister expressed his gratitude towards Italy for accepting their request to host the G20 in 2022.
4th India-Mozambique Joint Commission Meeting Held In New Delhi
External Affairs Minister (EAM) Sushma Swaraj and the Foreign Minister of Mozambique Jose Condungua Antonio Pacheco co-chaired the 4th India-Mozambique Joint Commission meeting in New Delhi, where the two leaders held discussion on co-operation in commercial, investment, defence, development and social sectors.
- The African nation's Foreign Minister is on an official visit to India. He is slated to address the Indian Council of World Affairs (ICWA), following which he shall be attending the India-Mozambique Business Forum at The Oberoi in New Delhi.
- Extra info.:
Mozambique Capital: Maputo
Currency: Mozambican metical
India’s first indigenous film festival to be held in Odisha next year
India’s first international indigenous film festival will take place in February next year in Odisha. An initiative of activist film collective Video Republic, that has been campaigning for indigenous communities in the State, the three-stop event will kick off in Bhubaneswar on February 19.
- It will showcase films made by indigenous people or made by non-indigenous filmmakers in collaboration with the indigenous communities.
eDrishti software launched to help Railways Minister keep track of punctuality of trains
Indian Railways unveiled ‘eDrishti’ software that will help Union Railway Minister to keep track of punctuality of trains as well as freight and passenger earnings and much more from anywhere in the country.
- The software has been developed by Centre for Railway Information System (CRIS) to help Minister keep track of all information related to Indian Railways, one of the world’s largest rail networks.
- It also has been connected with base kitchens of Indian Rail Catering and Tourism Corp (IRCTC). It will also provide the live status of reserved and unreserved passengers travelling on trains besides providing the exact location of trains at any point of time.
15th India Health Summit held in New Delhi
The India Health Summit, organized by the Confederation Of Indian Industry will take place at the Le Meridien in New Delhi. This event will provide a platform which will be a global conglomeration of innovators/technocrats/intellectuals and healthcare business leaders to meet, deliberate, discuss cutting-edge innovations which will help the country health care system.
FSSAI Launches " Heart Attack Rewind " Campaign For Elimination Of Industrially Produced Trans-Fat
The Food Safety and Standards Authority of India (FSSAI) launched a media campaign calling for the elimination of industrially produced trans-fat in the food supply.
- Named "Heart Attack Rewind", the 30-second public service announcement the first mass media campaign of its kind will support FSSAI's global target of eliminating trans-fat in India by 2022, a year ahead of the global target by the World Health Organization.
13th Edition Of CII Agro Tech India-2018 In Chandigarh
The President of India, Shri Ram Nath Kovind, inaugurated the 13th edition of CII Agro Tech India-2018 in Chandigarh. He stated that Indian agriculture needs a renewal of its marriage with contemporary technology; protection against climate change, price fluctuations and demand shocks; and sustained investment by and partnership with business.
Empathy Campaign Launched To Spread Pan-India Awareness About Hepatitis Disease
Institute of Liver and Biliary Sciences has launched a campaign to spread a pan-India awareness about hepatitis disease. Empowering People Against Hepatitis: The Empathy Campaign was launched at Metro Bhawan, New Delhi.
- The initiative will help generate awareness about Hepatitis B and C. About 60 million people in the country are inflicted with Hepatitis virus infections which are responsible for liver cirrhosis and cancer.
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INTERNATIONAL NEWS
Cambridge Dictionary Has Declared ' Nomophobia ' As The People's Word Of 2018
Based on the results of a popular vote, Cambridge Dictionary has named "nomophobia", the "fear or worry at the idea of being without your mobile phone or unable to use it" as word of the year. The shortlist choices were selected from the year's new additions to the online dictionary and were chosen based on their popularity and relevance.
BANKING & FINANCE
Net stable funding ratio (NSFR) norms for banks to be operational from April, 2020: RBI
The RBI said NSFR norms that mandate banks to maintain a stable funding profile in relation to the composition of their assets and off-balance sheet activities will be operational from April 2020.
- The NSFR is defined as the amount of available stable funding relative to the amount of required stable funding.
- The guidelines on Net Stable Funding Ratio (NSFR) are in line with global norms prescribed by the Basel Committee. The NSFR would applicable for Indian banks at the solo as well as consolidated level. For foreign banks operating as branches in India, the framework would be applicable on stand-alone basis (for Indian operations only).
BUSINESS & ECONOMY
India is fastest growing e-commerce market: Report
India has the fastest growing online retail market among top global economies. The country’s online retail market witnessed a compound annual growth rate (CAGR) of 53% for the period 2013 to 2017, according to a latest report by consultancy firm Bain & Company.
- India’s total e-commerce retail sales in 2017 were pegged at around $20 billion and studies have indicated that another $50 billion of online e-commerce could be unlocked by adding new users.
APPOINTMENTS
Andres Manuel Lopez Obrador sworn in as Mexico President
With promises of uprooting corruption, poverty and violence in the country, Andres Manuel Lopez Obrador was sworn in as the President of Mexico for a term of six years.
- Holding the majority in Congress, Obrador would now enjoy the confidence of at least 56 per cent approval ratings, as compared to his predecessor, Enrique Pena Nieto.
- Extra info.:
Mexico Capital: Mexico City
Currency: Mexican peso
AWARDS/RECOGNITION
Minjee Lee becomes first woman to win Australia's Greg Norman Medal
Minjee Lee has become the first woman to win Greg Norman Medal as the best Australian golfer on the international stage after a brilliant year that saw her break into the top 10 of the world rankings.
- The 22-year-old, who rose to number six in the world in 2018, joins twice-winner Jason Day and Marc Leishman in the list of winners of Australian golf's most prestigious individual honour.
- Extra info.:
Minjee Lee is an Australian professional golfer.
4 Indian-Origin Women Among Forbes List Of Top 50 Female US Tech Moguls
Four Indian-origin women have been named by Forbes among America’s top 50 female technology moguls, a list titled ‘America’s Top 50 Women in Tech 2018’ that includes IBM CEO Ginni Rometty and Netflix executive Anne Aaron.
- Padmasree Warrior, former chief technology officer (CTO) of Cisco; Komal Mangtani, senior director at app-based cab aggregator Uber; Neha Narkhede, chief technology officer and co-founder of streaming platform Confluent; and Kamakshi Sivaramakrishnan, CEO and founder of identity-management company Drawbrige; are in the list.
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