1) National Consumer Rights Day 2020
•National Consumer Rights Day is observed every year on December 24. On this day in 1986, the Consumer Protection Act 1986 received the Presidential assent and thus came into force. The Act aims to provide consumers with effective safeguards against different types of exploitation, such as defective goods, deficiency in services and unfair trade practices.
2) Cabinet approves the merger of four Govt film media units
•The Cabinet approved the merger of four government-run film and media units — the Films Division, the Directorate of Film Festivals, the National Film Archives of India and the autonomous body Children’s Film Society, with the National Film Development Corporation.
•The merger of Film Media Units under one corporation will lead to convergence of activities and resources and better coordination, thereby ensuring synergy and efficiency in achieving the mandate of each media unit. This will lead to a reduction in duplication of activities and direct savings to the exchequer.
3) Cabinet approves 100% FDI in DTH services
•The Union Cabinet approved revised guidelines for Direct-to-Home (DTH) broadcasting services, allowing 100 per cent foreign direct investment (FDI) as well as increasing the licence period to 20 years. Due to our I&B guidelines, this field was not getting the benefit of 100 per cent FDI. After changing the guidelines, the guidelines will have the same guidelines as the Commerce Ministry and will come under 100 per cent FDI.
•Under the revised guidelines the licenses will be issued for a period of 20 years, compared to 10 years at the moment, and will be renewed for a 10-year period. The license fee has been revised from 10 per cent of gross revenue (GR) to 8 per cent of adjusted gross revenue (AGR), which will be calculated by deduction of GST from GR.
4) VP Venkaiah Naidu virtually released the book ‘Oh Mizoram’
•VP Venkaiah Naidu virtually released the book ‘Oh Mizoram’, written by Governor of Mizoram, Shri P S Sreedharan Pillai. Pillai is a lawyer, an orator, a prolific writer, a philanthropist, and a thinker. He has written 125 books in Malayalam & English. Oh, Mizoram is his first poetry collection in English.
5) Karnataka unveils “FRUITS” portal for farmers
•Karnataka government has unveiled the Farmer Registration and Unified beneficiary Information System (FRUITS), an e-governance portal, to create a repository of farmland information and farm loan details on a single platform. All farmers will be registered and given an identification number on the portal.
•The FRUITS Portal is integrated into the BHOOMI Package of the Karnataka State for fetching and validating the land details. One other important facility of this Portal is online creation of charge by which visit of farmers to Sub-Registrar Office is avoided. Canara Bank has agreed to run FRUITS on a pilot basis.
•Canara Bank observed that Karnataka State Government has always been in the forefront of technology initiatives to improve the ease of Banking as can be seen from the various initiatives like BHOOMI Package, Debt Waiver Portal and currently, the FRUITS Portal. Using this number, banks and other lending institutions can access the land details of farmers as well as details of their existing borrowings and take a quick decision on lending.
6) World Bank signs $500mn project to develop highways in India
•The Government of India and the World Bank signed a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. The project will also enhance the capacity of the Ministry of Road Transport and Highways (MoRTH) in mainstreaming safety and green technologies. The $500 million loans from the International Bank for Reconstruction and Development a lending arm of World Bank Group, has a maturity of 18.5 years including a grace period of five years.
7) Srinagar’s Amar Singh College recognised with UNESCO Award
•Srinagar based Amar Singh College has been recognized with the ‘Award of Merit’ in the 2020 UNESCO Asia-Pacific Awards for Cultural Heritage Conservation. The restoration of the Amar Singh College brought back one of the most prominent institutional buildings in Kashmir to its former glory.
•The college building is 80 years old and INTACH (Indian National Trust for Art and Cultural Heritage) chapter in the Union Territory of Jammu and Kashmir had carried out the conservation work at the Amar Singh College.
8) PayU ties up with Google Pay to introduce tokenised payments
•PayU with Google Pay has introduced tokenised payments flow for Indian merchants. With the digital token linked to the phone and card information tokenised, Google Pay users can make repeat payments seamlessly and securely. Through the option of one-click payment, one doesn’t need to re-enter the payment data, as the OTP is read automatically and the payment is processed instantaneously.
9) Devendra Fadnavis releases book ‘Ayodhya’ written by Madhav Bhandari
•Maharashtra former Chief Minister and present leader of Opposition in the Legislative Assembly, Devendra Fadnavis has released the book ‘Ayodhya’ written by Madhav Bhandari. The book will serve as a key reference document summarising the protests held for the cause of a Ram temple in Ayodhya.
