important events of december

7/30/2019 Important Events of December

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Important Events of December

National

1. Government has exempted services of life insurance business provided

under Aam Aadmi Bima Yojana (AABY) and Janashree Bima Yojana(JBY)from service tax.

2. Virbhadra Singh took oath as Himachal CM Congress leader Virbhadra

Singh was sworn in as the Chief Minister of Himachal Pradesh for a record sixth

time.Previously, he was Chief Minister 5 times b/w 1983 and 1985; 1985 and

1990; 1993 and 1998 and 2003 and 2007.

3. Modi sworn in as Chief Minister for the fourth time BJP leader Narendra

Modi was sworn in as Gujarat Chief Minister for the fourth time. He was

administered the oath of office and secrecy by Governor Kamla Beniwal.

4. 57th NDC Meet in New Delhi The NDC, which comprises Cabinet Ministers and

state Chief Ministers, met in New Delhi approve the 12th Plan (201217)document.Planning commision approved the 12th Plan Five Year Plan Document

aimed at 8 per cent average annual growth, from 8.2 per cent in the draft

5. NRHM to be Converted in NHM The National Rural Health Mission , program

begun by Union Ministry of Health in 2005 for the improvement of health

conditions in rural areas will soon be implemented to both urban and rural areas

and be renames as National Health Mission.The NRHM health policy that

focuses only on rural areas will now provide health facilities to PAN India level

6. The Madhya Pradesh Government has set up a Senior Citizen Commission

to look into the problems of the elderly in the State.

7. Astramissile test fired successfully India successfully test-fired indigenouslydeveloped Beyond Virtual Range (BVR) "Astra" missile.Test-fired from the

Integrated Test Range at Chandipur, 15 km from Balasore in Odisha.

8. Nuclear capable Prithvi-II successfully flight-tested The Strategic Forces

Command (SFC) successfully flight-tested nuclear weapons-capable Prithvi-II

missile from Chandipur, off the Odisha coast. SFC handles nuclear-tipped

missiles.

9. India successfully test-fires Agni-I ballistic missile The Strategic Force

Command of the Indian Army conducted a successful practice trial of

indigenously developed nuclear capable Agni-I ballistic missile with a strike range

of 700 km from a test range off Odisha coast.10. Lok Sabha approved the Constitution (118th Amendment) Bill,

2012whichseeks to provide special status to six backward districts in the

Hyderabad Karnataka region, with provision for reservation in education and jobs

for local people.The Bill introduces a new Article 371-J to provide special

recognition for the six backward districts in north Karnataka: Gulbarga, Yadgir,

Raichur, Bidar, Koppal and Bellary.


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11. Rajya Sabha passed a Constitution (117th Amendment) Bill, 2012,providing

for quota for SCs and STs in government job promotions with an overwhelming

vote of 206 in the 245-member House.The Bill provides for amendments to

Article 16(4) of the Constitution that will allow states to reserve seats in

promotion for SCs and STs without collecting data to show the backwardness of

class and inadequacy of that class in public appointments.

ECONOMICS/BANKING

1. Government to pour in Rs 4,000-cr capital into SBI The Government isexpected to infuse Rs 4,000 crore into State Bank of India this fiscal. This will

boost the banks capital adequacy ratio( CAR) to over 13 per cent, according to a

top bank official.

2. Naina Lal Kidwai becomes first woman president of FICCI Head of HSBC

India, Naina Lal Kidawai took charge as the first woman President of Federation

of Indian Chambers of Commerce and Industry (FICCI).

3. RBI extends deadline for new cheque standardstill march 2013RBI directed

to all banks that the last date for phasing out non-CTS Standard cheqs upto 31st

December, 2012. RBI further instructed to all Banks to holding post-dated EMI

cheques (received either on their own behalf or on behalf of their NBFC clients)were advised to ensure the replacement of non-CTS-2010 Standard cheques

with CTS-2010 standard cheques before December 31, 2012.

4. National Investment Board renamed as Cabinet Committee on

InvestmentThe Union Cabinet approved a renamed and modified version of the

original proposal, creating a new Cabinet Committee on Investment (CCI) The

Cabinet Committee on Investment,apart from the prime minister,will include the

finance minister,the law minister,and the ministers of key infrastructure

ministries.To begin with projects with investment of over Rs 1,000 crore will be

cleared by the committee.It will monitor the progress of decision making and also

implementation of projects.5. RBI eases KYC norms The RBI has eased the burden of producing multiple

documents to open a bank account. It has said that banks can accept any of the

documents such as Passport, PAN Card, Drivers Licence, Aadhaar letter,

and NREGA Job Card as proof of identity as well as addressThe RBI has also

done away with the requirement of introduction from an existing customer of the

bank for opening of bank accounts.


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6. SBI, RDIF collaborate to form $2 billion consortium To encourage

investments b/w the two nations, Indias State Bank of India (SBI) and Russian

sovereign wealth fund Russian Direct Investment Fund (RDIF) came together to

ink an MoU for setting up a$2 billion investment consortium. Both the groups

would invest up to $1 billion each in the consortium.

7. FDI ceiling in ARCs increased to 74% With an aim to attract greater foreignexpertise in the domain of asset reconstruction, the government has raised the

foreign investment ceiling in Asset Reconstruction Companies (ARCs) to 74%

from previous 49%.

8. Ratan Tata retired Ratan Tata, who led the transformation of the Tata Group

from a conventional corporate house into a $100 billion global conglomerate with

high-profile acquisitions abroad retired from the chairman postion.Mr. Mistry of

the Shapoorji Pallonji group and whose family owns 18 per cent stake in Tata

Sons, is chosen by a five-member selection committee as the new chairman.

9. RBI keeps key rates unchanged

The Reserve Bank of India (RBI) kept all key policy rates and reserve ratios unchanged in a monetary policy

review.

The bank rate remains unchanged at 9 per cent, the repurchase (repo) rate at 8 per cent, reverse repo rate at 7 per

cent, the cash reserve ratio at 4.25 per cent and statutory liquidity ratio at 23 per cent.\

Parliament passed Banking BillThe Banking Bill 2011 was introduced in order to

amend the Banking Regulation Act ,1949and The Banking companies Act1970.The Bill will pave the way for new bank license by RBI resulting in opening

of new Banks and Branches

Bill enable banking companies to issue preference shares subject to regulatory guidelines by RBI.

It increase voting rights of the share holders

Public sector banks From 1% to 10%

Private Sector Bank From 10% to 26 %

Learn More about Banking Bill in "Bankonomics" section

INTERNATIONAL


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1. Egypt approves new constitution after referendum Egypt voters approved a

constitution drafted by President Mohamed Mursis Islamist allies. The new

constitution was adopted with 63.8% of the vote which gave Islamists their third

consecutive victory at the polls since Hosni Mubarak was ousted in a 2011

revolution.

2. Park Geun-hyebecomes first woman South Korean President

3. Central banks of India and Japan (The Reserve Bank of India (RBI) and the Bank

of Japan (BoJ) respectively) signed a 3-year Bilateral Swap Arrangement (BSA).

4. Pakistan test fires mid-range nuclear capable Hatf-V Ghauri ballistic missile

5. US President Barack Obama has been named the 2012 Person of the Year by

Time magazine.

SPORTS , PRIZE & AWARDS

1. Poet and translator Dr Shihab Ghanem has become the first Emirati and Arab to

win the Tagore Peace Prize. Ghanem was given the honor in recognition of his

creative literary and translation works, both in Arabic and English

2. Jeet Thayil, whose novel Narcopolis was nominated for the Booker, has been

one among the 24 authors selected for Sahitya Akademi Awards 2012. He was

selected for his poetry collection These Errors are Correct in English.

3. The All India Football Federation (AIFF), during its annual General meeting, re-

electedPraful Patel as its president.

4. Miss US, Olivia Culpo was announced winner of the Miss Universe

2012 contest held in Las Vegas5. Malaysia-based Asia Pacific Brands Foundation honored Bollywood Actor Shah

Rukh Khanwith the BrandLaureate Legendary Award

6. Legendary sitar maestro Pandit Ravi Shankar has been conferred with Lifetime

Achievement Grammy Award .

7. Oriya novelist Pratibha Ray named for the Jnanpith Award for the year 2011P.

Chidambram awarded with the Best Adminstrator in India Award.The award was

presented to him by Vice president of India, M.Hamid ansari

8. Australia won Champions Trophy 2012 by defeating the Netherlands in the

finals held in Melbourne, Australia. India lost the chance to capture bronze as it

was defeated by Pakistan.9. Cricketing legend Sachin Tendulkarannounced his retirementfrom One day

Internationals just ahead of the Pakistan series.

10. Tennis star Roger Federer has been given the honor of Swiss Male Athlete of the

Year. Currently he is World no. 2 spot and has won 17 Grand Slams. He also

won this award in 2003, 2004, 2006 and 2007


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11. International Olympic Committee (IOC) has suspended Indias membership from

Olympics.

12. Former captain of Australian cricket team, Ricky Ponting has announced

retirement from Test cricket. His retirement has come after South Africa defeated

Australia in the third test match in Perth to win the series

Miscellaneous

1. Indra Kumar Gujral, former Pime Minister of India, passed away. He was 92.

2. IPS officer Ranjit Sinha is the new Director of the CBI (Central Bureau of

Investigation) on a two-year term.

3. PVR, the multiplex chain operator in india acquired 69.3% stake in Cinemax

India.

4. India and Russia held joint naval exercise INDRA in Mumbai. The exercise washeld in 20003 for the first time and is being conducted every two years.

5. Sitar maestro Pandit Ravi Shankar passed away

important events of december

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