Daily Current Affairs 27 December 2019

Daily Current Affairs 27 December 2019: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 27 December 2019. It includes all Major National, International, Business and Sports related current affairs of 27 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 27 December 2019 Current affairs test.

National News

1. ‘YSR Nethanna Nestham’ scheme

Andhra Pradesh chief minister YS Jaganmohan Reddy launched the ‘YSR Nethanna Nestham’ scheme.
The scheme will provide financial assistance of Rs 24,000 annually to handloom weavers across the state.

2. New Foreign Secretary

Harsh Vardhan Shringla, India’s Ambassador to the US, has been appointed as the new Foreign Secretary replacing Vijay Gokhale.
Harsh Vardhan Shringla is an Indian diplomat and the current Indian Ambassador to the United States.
He is the 33rd Foreign Secretary of India and will assume charge on 29 January 2020. He previously served as the High Commissioner of India to Bangladesh and Ambassador to Thailand.

3. Vidushi Savita Devi passes away

Hindustani classical vocalist Vidushi Savita Devi has passed away.
She was known for her thumirs. She was the author of the book ‘Maa…Siddheshwari’

4. RBI caps lending on P2P platforms

RBI has put a cap on a peer-to-peer lending (P2P) platform the permissible exposure of a lender to all borrowers should not exceed Rs 50 lakh at any given point of time.
The lender investing more than Rs 10 lakh across P2P platforms will produce a certificate to P2P platforms from a practicing Chartered Accountant certifying minimum net-worth of Rs 50 lakh.
P2P lending websites connect borrowers directly to investors. The site sets the rates and terms and enables the transaction. P2P lenders are individual investors who want to get a better return on their cash savings than a bank savings account or CD offers.

International News

1. Satellite to monitor Amazon rain forest

An Earth observation satellite jointly developed by China and Brazil was launched to monitor Amazon rain forest.
The China-Brazil Earth Resource Satellite-4A was launched on a Long March-4B rocket in the northern Chinese province of Shanxi.

2. Asian Infrastructure Investment Bank with India

Asian Infrastructure Investment Bank has announced a total loan of $210 million for irrigation and solar energy projects in India.
The Asian Infrastructure Investment Bank is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region. The bank currently has 74 members as well as 26 prospective members from around the world.
Headquarters: Beijing, China

Business News

1. New President of FICCI

Sangita Reddy has taken over as the President of the Federation of Indian Chambers of Commerce & Industry (FICCI) for 2019-20.
Sangita Reddy is currently the Joint Managing Director, Apollo Hospitals Group
FICCI Established: 1927; FICCI Headquarters: New Delhi.

2. Bank of Baroda with Gujarat Government

Bank of Baroda signed an MoU with Gujarat government to facilitate the flow of credit in the MSMEs sector.
Bank of Baroda Headquarters: Vadodara, Gujarat || MD & CEO: PS Jayakumar || Tagline: India’s International Bank.

3. QRSAM System

Quick Reaction Surface to Air Missile (QRSAM) system was successfully flight-tested from Integrated Test Range, Chandipur off the Odisha coast.
Quick Reaction Surface to Air Missile (QRSAM) system developed by Defence Research and Development Organisation
DRDO Chairman: G Satheesh Reddy || Established: 1958 || Headquarters: New Delhi.

4. NABARD chief

Government of India has extended tenure of NABARD chief Harsh Kumar Bhanwala by six months.
National Bank for Agriculture and Rural Development is an Apex Development Financial Institution in India. The Bank has been entrusted with “matters concerning Policy Planning and Operations in the field of credit for Agriculture and other Economic activities in Rural areas in India”.
Founded: 12 July 1982 || Headquarters: Mumbai

Sports News

1. 2019 ITF World Champions

Ashleigh Barty and Rafael Nadal were named International Tennis Federation’s World Champions in singles for Women’s and Men’s 2019 respectively.
Men Singles: Rafael Nadal (Spain)
Women Singles: Ashleigh Barty (Australia)
Women Doubles: Timea Babos (Hungary) and Kristina Mladenovic (France)
Men Doubles: Juan Sebastian Cabal and Robert Farah (Colombia)
Men’s Wheelchair: Gustavo Fernandez (Argentina)
Women’s Wheelchair: Diede de Groot (Netherland)

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