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Daily Current Affairs, 7th December 2018

Daily Current Affairs, 7th December 2018
1. Cabinet approves MoU between India and Tajkistan on Cooperation on Peaceful uses of Space Technology for Development
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has been apprised of Memorandum of Understanding (MoU) between India andTajkistan on Cooperation on Peaceful uses of Space Technology for Development.
  • The MoU was signed on 8th October 2018 at Dushanbe, Tajkistan.
  • The MoU would lead to development of joint activity in the field of application of space technologies for the benefit of humanity. It will lead to setting up of a Joint Working Group, which will further work out the plan of action including the time-frame and the means of implementing the provisions of this Agreement.
2. Sino-India Joint Exercise Hand-in-Hand 2018
Exercise Hand-in-Hand is conducted annually as part of military diplomacy and interaction between armies of India and China. The joint exercise for the year 2018 will be conducted from 10 to 23 December 2018 at Chengdu, China.
  • The aim of the exercise is to build and promote close relations between armies of both the countries and to enhance ability of joint exercise commander to take military contingents of both nations under command.
  • Exercise Hand-in-Hand 2018 will go a long way to further cement relationship between both the nations and will act as a catalyst in bringing bonhomie at grassroots levels between the armies of both countries.
3. Annual Startup India Venture Capital Summit 2018 to be held in Goa
The Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce and Industry and the Government of Goa, is hosting the annual Startup India Venture Capital Summit in Goa on December 07, 2018.
  • The theme of the Summit is ‘Mobilizing Global Capital for Innovation in India.’ The event will showcase the Indian startup opportunity for funds from around the world. The summit aims to attract more global capital into the country.
  • Government of Goa is focused on building a vibrant startup ecosystem in the state. It aims to make the state, one of the most preferred start-up destinations in India, and ensure that Goa features in the top 25 start-up destinations in Asia by 2025.
4. Cabinet approves implementation of Shahpurkandi Dam (National Project) on river Ravi in Punjab
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved implementation of Shahpurkandi Dam Project, Punjab on river Ravi.  For this, Central Assistance of Rs. 485.38 cr (for irrigation component) would be provided over five years from 2018-19 to 2022-23.
  • Implementation of this project would help minimising some of the water of the River Ravi which at present is going waste through the MadhopurHeadworks downstream to Pakistan.
  • On completion of the project an Irrigation Potential of 5,000 ha in Punjab State and 32,173 ha in J&K State would be created.
  • The project would be implemented by Govt. of Punjab with Central Assistance of Rs. 485.38 crore The project would be completed by June 2022.
5. Exim Bank extends USD 500 mn loan to Tanzania for water supply projects
Export-Import Bank of India (Exim Bank) has extended a credit facility of USD 500 million to Tanzania for water supply projects in the  country.
  • Exim Bank signed an agreement on May 10, 2018, with the Tanzania government for making available a Government of India-supported line of credit of USD 500 million for the purpose of financing water supply schemes.
  • The RBI said in a release that under this agreement, of the total credit by Exim Bank, goods and services of value of at least 75 per cent of the contract price shall be supplied by the seller from India. The remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India.
6. Former Indian diplomat elected to UN's Socio-Economic Cultural panel
A former senior Indian diplomat, Preeti Saran, has been elected unopposed to an Asia Pacific seat on the UN's Committee on Economic, Social and Cultural Rights (CESCR).
  • Saran was elected to the CESCR for a four-year term beginning on the 1st of January next year.
  • All States are obliged to submit regular reports to the committee on how the rights are being implemented.
  • The committee examines each report and addresses its concerns and recommendations to the State party in the form of concluding observations. The panel meets in Geneva and holds two sessions per year.
7. Ministry of New and Renewable Energy conferred Skoch Award for National Significance
Ministry of New and Renewable Energy, Government of India has been conferred the Skoch Award for National Significance at an event held recently in New Delhi. The award was received by Secretary, Ministry of New Renewable Energy Shri Anand Kumar.
  • The award has been conferred on the Ministry considering its purpose and critical role played in installing about 73 GW renewable energy capacity in the country.
  • Today, India ranks 4 in the world in wind energy capacity and 5th in solar & total renewable energy capacity installed in the world. India has played a critical role in setting up of international solar alliance. Further, India moved a resolution during the first meeting for making it a global initiative.
8. Congress MP Maulana Asrar-ul-Haque Qasmi passes away at 76
Maulana Asrar-ul-Haque Qasmi, noted Islamic scholar and Congress Lok Sabha MP from Bihar’s Kishanganj constituency, passed away recently. He was 76.
  • The state government has announced his funeral will take place with state honour.
  • Qasmi won the Kishanganj seat in 2009 general elections by contesting on an Indian National Congress ticket after five consecutive failures.
  • He retained his constituency in the 2014 general elections by defeating BJP’s Dilip Kumar Jaiswal.
  • He was a member of the All India Muslim Personal Law Board and also a founder member of the All India Milli Council.

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