Current Affairs – December 06, 2017

Current Affairs

Here’s your daily summary of Current Affairs.

3rd DRC-NITI Aayog Dialogue Held in China

The 3rd edition of the Dialogue between the NITI Aayog and the Development Research Council of China, the DRC- NITI Aayog Dialogue was held in Beijing. The meeting was co-chaired by Vice Chairman NITI Aayog, Dr. Rajiv Kumar, and Mr. Li Wei, President (Minister), DRC. The two sides agreed that the 4th NITI Aayog – DRC Dialogue will be convened in India in 2018. The dialogue took place under the MOU between NITI Aayog and the Development Research Centre (DRC), State Council of the China. The 2nd Dialogue was held in New Delhi in November 2016.
Shamli District of UP included in NCR

Uttar Pradesh’s Shamli district was included in the National Capital Region (NCR), taking the total number of districts in the NCR to 23. Cities in the NCR get funds at “attractive” interest rates from the National Capital Region Planning Board (NCRPB) for infrastructure development. The decision to include Shamli in the NCR was taken at the 37th meeting of the NCRPB.
Besides Delhi, there are at present 22 districts 13 of Haryana, seven of Uttar Pradesh and two of Rajasthan in the NCR.
Asian Development Bank gives $583 million funding to Reliance Power’s Bangladesh Project  

The Asian Development Bank’s (ADB) Board of Directors has approved debt financing and partial risk guarantees totalling $583 million to develop the Reliance Bangladesh Liquefied Natural Gas (LNG) and Power Project. The financing package of ADB includes loans and partial risk guarantees for the power generation facility, as well as for the LNG terminal and the power project, being set up for $1 billion.
Founded on 19th December 1966 ADB has its Headquarter in Manila, Philippines.       
President of ADB is Takehiko Nakao.
USA, UK, UAE and France hold joint military exercise in Abu Dhabi    
UAE Armed Forces along with the UK, US and French armies are participating in joint exercises in Abu Dhabi. The drill code is named as “Flag4”. The two-week long joint exercise aims to increase combat efficiency, gain more field expertise, and work to unify military concepts among participating parties.
Venezuela launches virtual currency called Petro   

Venezuelan President Nicolas Maduro has announced the creation of a new virtual currency named ‘Petro’ in a bid to ease the country’s economic crisis. The Petro would be backed by Venezuela’s oil, gas, gold and diamond wealth. Crypto Currencies or Virtual Currencies are the type of unregulated digital money that is neither issued by central bank/public authority nor is necessarily attached to fiat currency but is used and accepted among the members of the specific virtual community.    
Venezuela Capital- Caracas, Currency- Venezuelan Bolivar.
December 5th – World Soil Day

The World Soil Day is celebrated on 5th December globally. It aims to communicate messages on the importance of soil quality for food security, healthy ecosystems and human well-being. The Theme for Soil Day 2017 is ‘Caring for the Planet starts from the Ground’. WSD is celebrated at the Food and Agriculture Organization of the United Nations.        
Food and Agriculture Organization of the United Nations headquarters in Rome.       
Rome is the Capital city of Italy.
Book on Indian Cinema Launched      

Bollywood superstar Amitabh Bachchan launched a book based on Indian cinema in showbiz capital Mumbai. The book, titled ‘Bollywood: The Films! The Songs! The Stars!‘, is a coffee table book, which provides historical insights, lesser-known facts and behind-the-scenes exclusives of the most iconic movies made in the history of the Indian film industry. The book is co-authored by S.M.M. Ausaja, Karan Bali, Rajesh Devraj and Tanul Thakur, the book on India’s tinsel town is published by British multinational publishing company Dorling Kindersley (DK).
Indo- American Senator Kamala Harris named “Leading Global Thinker”      
Indian-American California senator Kamala Harris has topped the prestigious Foreign Policy magazine’s 2017 list of ’50 Leading Global Thinkers’ which also features US Ambassador to the UN Nikki Haley. Besides Harris and Haley, Indian-origin stand-up comedian Hasan Minhaj has also made it to the list. South Korean President Moon Jae-in is ranked second in the list for trying to rebuild decent democratic leadership in South Korea. Popular comedian Minhaj is placed third in the ranking for defining the narrative of a “New Brown America”.
British Singer Ellie Goulding named UN Goodwill Ambassador for Environment   
British singer-songwriter Ellie Goulding signed as a Global Goodwill Ambassador for UN Environment, joining the fight to save the lives and habitats of people and animals by cleaning up our air and seas, fighting climate change and protecting species. Ellie is also backing UN Environment’s #CleanSeas campaign.           
UN Headquarters- New York, United States, UN Secretary-General- Antonio Guterres.
India and Germany sign Govt to Govt Umbrella Agreement      
The Government to Government Umbrella Agreement between India and Germany concerning Financial Cooperation in 2016 (II) under the Indo-German Development Cooperation was signed to formalize an amount up to Euro 200 million for the Financial Cooperation in form of loan for the project ‘Climate Friendly Urban Mobility III’ and Euro 11 million Accompanying measures in form of grant for four projects.
The 4 projects under the Agreements signed are as follows-        
i. Loan Agreement for the project “Community based sustainable Forest Management – Component I Manipur” was signed for a loan of Euro 15 million.    
Objectives– Restoration of degraded forests, reclamation of abandoned shifting cultivation areas, biodiversity & water resources conservation.         
ii. Loan Agreement for the project “Madhya Pradesh Urban Sanitation and Environment Programme” for Euro 50 million Reduced Interest Loan and Euro 2.5 million grant.      
Objective – To improve facilities for water supply, sanitation and sewerage treatment plan.   
iii. Loan Agreement for the project “Sustainable Urban Infrastructure Development Odisha – Phase II” for EUR 55 Million Reduced Interest Loan with EUR 2 Million as Grant.  
Objective – To improve Urban Infrastructure by linking them with Government priority.                   
iv. Loan Agreement for the project “Green Energy Corridor – Intra-State Transmission System in Maharashtra” for EUR 12 million Reduced Interest loan.  
Objective – To project is to put in place a transmission system for evacuating renewable energy.
USA Pulls out of UN Refugee and Migrant Pact     
After pulling out of the UNESCO and the UN Climate Change pact, the USA now has pulled out of the UN Refugee and Migrant Pact on 4th December 2017. The announcement in this regard came hours before a UN conference on Migrants and Refugees in Mexico. While the earlier US Administration under Barrack Obama supported the Pact, the Trump Administration decided to withdrawal from the pact.

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