One liners 29th December

• The government has banned Khalistan Liberation Force (KLF) for its involvement in killing of innocent people and police officers, several bombings on civilian targets in India.

• The federal cabinet approved the issuance of Pakistan’s first renminbi-denominated bonds to raise loans from Chinese capital markets, as the country gradually moves towards giving the Chinese currency a status at par with that enjoyed by the US dollar.

• Chagari Praveen Kumar appointed as Chief Justice of new Andhra HC. He will become acting Chief Justice of AP High Court, with effect from Jan 1, 2019.

• French infrastructure giant Vinci has agreed to acquire control of London’s Gatwick Airport, the world’s second-busiest single runway airport after Mumbai, for $3.7 billion.

• The Union Cabinet approved the draft National Commission for Indian System of Medicine Bill, 2018. The NCIM will promote the availability of affordable healthcare services in all parts of the country.

• Prime Minister Narendra Modi announced that India will help Bhutan’s development needs by providing Rs.4,500 crore while visiting Bhutan’s Prime Minister Lotay Tshering.

• The Tripura government approved the proposal for replacing the school syllabus prevalent under the previous Left Front regime with the NCERT curriculum in all the State-run and aided schools from the next academic session, beginning April 2019.

• The Union Cabinet approved relaxation in various norms including the clearance of projects or activities falling in the Coastal Regulation Zone (CRZ), allowing for greater use of coastal areas for tourism and industrial growth. This will enable redevelopment of these areas to meet the emerging needs.

• Odisha Chief Minister Naveen Patnaik inaugurated 26th edition of National Children’s Science Congress in Bhubaneswar in which as many as 800 students from ten Asian and seven Gulf countries are participating. This year’s theme is ‘Science, Technology and Innovations: For clean, green and healthy nation’.

• Croatia’s captain and Spanish club Real Madrid’s midfielder Luka Modric was named the Balkan Athlete of the year beating Men’s tennis world number one player Novak Djokovic. The poll to name Balkan Athlete of the year was organized by the Bulgarian News Agency (BTA).

• The Bombay High Court gave clearance to the annual Sunburn music festival in Pune provided norms regarding noise pollution and prohibition of underage drinking were followed at the three-day event. The festival is to take place in Pune from December 29 to 31.

• The Cabinet approved the Gaganyaan programme, which will send three Indian astronauts to space for up to seven days by 2022 at a cost of Rs.10,000 crore. As part of the programme, two unmanned flights and one manned flight will be undertaken.

• According to data from Dealogic, a global Mergers & Acquisitions (M&A) and capital markets data provider, India has been getting more foreign investment than its neighbor China for the first time in two decades.

• According to Bloomberg data, Deepak Parekh-led HDFC group overtook Tata Group become the country’s largest conglomerate in terms of market capitalization.

• According to data furnished by the Reserve Bank of India, between 2015 and 2017, private lender ICICI Bank penalized the highest number of employees for defrauding bank assets in the last three year out of 60 scheduled commercial banks operating in India.

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