Current Affairs: 23 December 2018

Daily Current GK Update

23 December, 2018

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  1. 15th Global SME Business Summit in New Delhi

The 15th edition of a two day Global SME Business Summit was organised by the Ministry of MSME and Confederation of Indian Industry (CII) in association with Government e-marketplace in New Delhi. The theme of the event was ‘Building Partnerships through Global Value Chains:

The agenda of the summit was to bring together renowned speakers with unbounded experience and expertise, a global audience, and various national and international SME stakeholders to integrate Indian MSMEs into the Global Value Chains (GVCs).

Source: – Press Information Bureau


  1. UAE to give Pakistan $3 billion amid financial crisis

The UAE will deposit $3 billion in Pakistan’s central bank to support its financial and monetary policy, the UAE’s state media reported. The UAE’s support comes amid the current financial crisis in Pakistan. Thanking the UAE, Pakistan PM Imran Khan said, “This reflects our commitment and friendship that has remained steadfast over the years.”

Source: – The New Indian Express


  1. Odisha CM announces Rs 10,000 cr KALIA Scheme for farmers

Odisha CM Naveen Patnaik announced a Rs10,000 crore scheme for the overall development of farmers. Named Krushak Assistance for Livelihood and Income Augmentation (KALIA), the scheme will provide farmers with 10,000 a year at the rate of Rs 5,000 each for Kharif and Rabi season. Additionally, crop loans of up to Rs50,000 will be interest-free under the scheme.

Source: – Hindustan Times


  1. India overtakes Germany as world’s seventh biggest stock market

India’s stock market has overtaken Germany’s to become the seventh-largest in the world with a market capitalisation of $2.08 trillion. This is the first time in seven years that India moved past the equity market of Europe’s largest economy, according to Bloomberg. At $27.07 trillion, US is world’s biggest stock market, followed by China ($5.46 trillion) and Japan ($5.41 trillion).

Source: – Bloomberg Quint


  1. India, Japan sign exchange of notes and loan agreements

India and Japan have signed Exchange of Notes and Loan Agreements on Japan’s Official Development Assistance Loan to India. The Notes were exchanged between Dr. C.S. Mohapatra, Additional Secretary in Department of Economic Affairs, Union Ministry of Finance and Kenji Hiramatsu, Ambassador of Japan to India on Japanese official development assistance loan for three projects.

Source: – Press Information Bureau


  1. UN General Assembly adopts global framework on international migration

The UN General Assembly has adopted the Global Compact for Safe, Orderly and Regular Migration, the first-ever negotiated global framework on a common approach to international migration in all its dimensions.

It is meant to address issues that concern the world’s 258 million people on the move and countries of origin, transit and destination. The compact was adopted by the General Assembly with 152 votes in favour in Marrakesh, Morocco. India voted in favour of the resolution.

Source: – Press Information Bureau


  1. India marks National Mathematics Day in memory of Ramanujan

National Mathematics Day celebrated on December 22, since 2012, after former Prime Minister Manmohan Singh made the declaration to pay tribute to ‘Srinivasa Ramanujan’ on his birth anniversary. Born into a Tamil family in Erode in 1887, the self-taught mathematician mastered Trigonometry by the age of 12 and independently compiled over 3,900 results before succumbing to ill-health, aged 32.

Source: –

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