Daily Current Affairs 23 December 2019

Daily Current Affairs 23 December 2019: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 23 December 2019. It includes all Major National, International, Business and Sports related current affairs of 23 December 2019. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 23 December 2019 Current affairs test.

National News

1. IUC charge

TRAI has extended six paise per min IUC charge to other networks till Dec 2020.
The IUC is basically the cost paid by one mobile telecom operator to another when its customers make outgoing mobile calls to the other operator’s customers.

2. Withdraw 75% EPF if jobless for one month

Ministry of Labour and Employment has amended the Employees’ Provident Fund Scheme to allow its members to withdraw 75% of money from the corpus if he/she remains unemployed for more than one month.
The Employees’ Provident Fund Organisation (abbreviated to EPFO), is an organization tasked to assist the Central Board of Trustees, Employees’ Provident Fund a statutory body formed by the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 and is under the administrative control of the Ministry of Labour and Employment, Government of India.
EPFO: Founded: 4 March 1952, New Delhi || Headquarters: New Delhi

3. Book ‘Turbulence and Triumph: The Modi Years’

Book ‘Turbulence and Triumph: The Modi Years’ is authored by Rahul Agarwal and Bharathi S Pradhan.
Vice President of India Venkaiah Naidu released the book.

4. ‘India Cyber Cop of the Year’ Award

CBI officer B P Raju has won the ‘India Cyber Cop of the Year 2019’ award by NASSCOM-DSCI.
He was awarded for cracking a fraud case in an online entrance exam conducted by an engineering college in Rajasthan.
The Central Bureau of Investigation is the premier investigating agency of India. Operating under the jurisdiction of the Ministry of Personnel, Public Grievances and Pensions, the CBI is headed by the Director.
Headquarters: New Delhi || Motto: Industry, Impartiality, Integrity || Crime branch executive: Rishi Kumar Shukla, IPS, Director General || Founder: Government of India || Founded: 1 April 1963 || Jurisdiction: India

International News

1. DSC Prize for South Asian Literature 2019

Amitabha Bagchi won the DSC Prize for South Asian Literature 2019 for his novel ‘Half the Night is Gone’.
The DSC Prize for South Asian Literature is an international literary prize awarded annually to writers of any ethnicity or nationality writing about South Asia themes such as culture, politics, history, or people. It is for an original full-length novel written in English, or translated into English.

2. Canada Pension Plan Investment Board with India Resurgence Fund

Canada Pension Plan Investment Board will invest $225 million in India Resurgence Fund (IndiaRF).
India Resurgence Fund (IndiaRF), an equal joint venture between Piramal Enterprises Limited and Bain Capital Credit, invests capital in the form of both debt and equity, in distress to control situations in the Indian market, through its flexible strategic model.

Business News

1. Moody’s cuts India’s FY20 Growth Rate

Moody’s has lowered Its GDP Growth Projection for India for the fiscal year 2020 to 4.9%.
Moody’s Corporation, often referred to as Moody’s, is an American business and financial services company. It is the holding company for Moody’s Investors Service, an American credit rating agency, and Moody’s Analytics, an American provider of financial analysis software and services.
Headquarters: New York || CEO: Raymond W. McDaniel Jr.

2. Fortune India 500

1. Reliance Industries
2. Indian Oil Corporation
3. Oil & Natural Gas Corporation
4. State Bank of India
5. Tata Motors
6. Bharat Petroleum Corporation
7. Rajesh Exports
8. Tata Steel
9. Coal India
10. Tata Consultancy Services

3. New Development Bank to invest in NIIF

New Development Bank has committed $100 million to India’s National Investment and Infrastructure Fund’s (NIIF) Fund of Funds.
The New Development Bank, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states. According to the Agreement on the NDB, “the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments.”
Headquarters location: Shanghai, China || Founder: BRICS || Founded: 15 July 2014, Fortaleza, State of Ceará, Brazil || President: K. V. Kamath

4. Axis Bank with Indian Oil

Axis Bank with Indian Oil has launched co-branded credit card for cashless payments.
Indian Oil Corporation Limited, commonly known as IndianOil is an Indian state government owned oil and gas company headquartered in New Delhi.
Axis Bank is the fifth-largest bank in India offering a wide assortment of financial products. The bank has its head office in Mumbai, Maharashtra.

Sports News

1. FIFA Team of the Year

Belgium has been crowned FIFA ‘Team of the Year’ for the second successive time.
France remains in the second place ahead of Brazil in third.

2. Qatar International Cup

Weightlifter Mirabai Chanu won the women’s 49kg category gold medal at the 6th Qatar International Cup in Doha.
Saikhom Mirabai Chanu is an Indian weightlifter. A regular presence in international events since 2014 in the 48 kg category, Chanu has won the World Championships and multiple medals at the Commonwealth Games. She was awarded the Padma Shri by the Government of India for her contributions to the sport.

3. ICC women’s player of the year