Current Affairs 2017 (December)

Current Affairs 2017 (December) with Latest Current Affairs for preparation of Banking, SSC, IBPS, State Level Public Service Commission, IAS, UPSC and other exams. Current Events December 2017 news summary on current events of national and international importance.

MSME Sambandh: Public Procurement Portal for MSMEs launched

The Ministry of Micro, Small and Medium Enterprises (MSME) launched Public Procurement Portal ‘MSME Sambandh’ for Public Procurement Portal for MSMEs.

The objective of the portal is to monitor the implementation of the Public Procurement from MSEs by Central Public Sector Enterprises (CPSEs). It will help MSMEs in participating in the procurement process. Besides, it will help Ministries and the CPSEs can assess their performance in procurement process as stipulated in Procurement Policy, 2012.


The Procurement Policy launched in 2012 mandates the Central Government Departments, CPSEs to procure necessarily from MSEs. It means that every Central Ministry, Department, PSU shall set an annual goal for procurement from MSE sector at beginning of year. Its objective is to achieve overall procurement goal of minimum of 20% of the total annual purchases of the products or services produced or rendered by MSEs.


Bodhi Parva: BIMSTEC Festival of Buddhist Heritage held in New Delhi

India hosted “Bodhi Parva: BIMSTEC Festival of Buddhist Heritage” at New Delhi as part of celebrations of 20th Anniversary of BIMSTEC. The Festival was inaugurated by Minister of State (IC) for Culture Dr. Mahesh Sharma.

The festival was held at IGNCA, Janpath (Indira Gandhi National Centre for the Arts. It had diverse components including exhibition of​international and Indian Buddhist art and ​architecture, discourses by eminent ​scholars and practitioners of Buddhism​,​ guided meditation and chanting by Buddhist monks and ​choir, dance and music performances, screening of ​film on Buddhism and a food ​trail​.

Purpose of festival

Emphasise and raise awareness of Buddhism, a rich and common heritage and mark the 20th anniversary of BIMSTEC. To spread universal message of peace and tolerance practiced by Buddhism to address growing sense of inadequacy in face of changes and conflicts that people and the world face.


BIMSTEC is international organisation comprising of India, Bangladesh, Myanmar, Thailand, Sri Lanka, Nepal and Bhutan. BIMSTEC has a deep connect with Buddhism, which originated in South Asia and then travelled and rooted itself in South East Asia. Buddhism constitutes a bridge between South and South-East Asia.