Current Affairs December, 2015

The Reserve Bank of India (RBI) issued fresh norms on how banks ought to calculate their lending rates — a move which is aimed at lowering borrowing costs at a time when lenders are reluctant to do so.

Avani Davda, chief executive officer of Tata Starbucks, a joint venture of Tata Global Beverages and Starbucks Corp, has resigned to pursue opportunities outside the group.

India lowered its GDP growth projection for the current year to 7-7.5 per cent against 8.1-8.5 per cent forecast earlier and said that while the macro economy is stable, the real economy needs policy attention.

The Madras High Court directed the Tamil Nadu government authorities not to permit any construction on water bodies in the entire State till January 18, 2016.

The World Trade Organisation (WTO) on Thursday formally approved Afghanistan̢۪s membership at its 10th ministerial conference in the Kenyan capital Nairobi.

• French President Francois Hollande to be chief guest at 67th Republic Day Parade.
• Union Government gives in principle approval to Google’s Loon project.
• UNSC unanimously adopt resolution to cut-off supply of funds to IS group.

Sahitya Academy has announced the names of 23 poets and authors who will be conferred the prestigious 2015 Sahitya Akademi Award.

The National Stock Exchange (NSE) has launched three separate indices on three corporate houses of India viz. Tata, Aditya Birla and Mahindra Group.

Defence Acquisition Council (DAC) has cleared the purchase of Russian advance S-400 Trium Air Defence Missile Systems at an estimated cost of 40,000 crore rupees.

President of France Francois Hollande will be the Chief Guest at the 67th Republic Day parade of January 26, 2016.

United Nations Security Council (UNSC) has unanimously adopted resolution cut off supply of revenue flows to Islamic State (IS) militant group.

The Lok Sabha passed the Arbitration and Conciliation (Amendment) Bill, 2015 by voice vote for speedy disposal of arbitration cases.