Current Affairs - December, 2018

Latest Current Affairs December, 2018 with Current Affairs, news summary on current events of National and International importance of December, 2018 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

PDF Compilation of these updates can be downloaded from This Link

Security-service SMEs to grow at 18-20%: CRISIL Research

A research from CRISL states that security services, where small and medium enterprises (SMEs) have 60-65 per cent market share, have logged a compound annual growth rate (CAGR) of 18-20 per cent over the past three fiscal years and it expects them to grow at a similar pace over the next two fiscal years.

Reasons for this Robust Growth

The growth of security services is driven by infrastructure development, urbanisation, the growing incidence of crime and terrorism, and the low police to population ratio. Major factors which contributed to this growth are

  • Urban housing stock and commercial stock have grown at a CAGR of five per cent in the last three years (calendar years 2015 to 2018) and is expected to continue the same momentum over the next three years. Moreover, the development of residential townships has been gaining momentum in the outskirts of metro cities on account of the availability of large land parcels. This has created a huge demand.
  • United Nations data shows that 34 per cent of India’s population lived in urban areas in 2018. The number is expected to increase further to 37.4 per cent by 2025. This trend of rapid urbanisation is driving the growth of the security service industry.
  • India has a large gap between actual and sanctioned police personnel. Data from the Bureau of Police Research and Development shows that India had 150.75 police personnel per 100,000 people, compared with a sanctioned strength of 192.87 in 2017. This yawning gap is also driving the growth of the security services industry.
  • Value-added services like site-specific training, supervisor patrols at all sites, high-tech surveillance systems, biometric technologies, remote-sensors and cybersecurity are being offered by the security services

But the Industry is facing its own set of challenges. Challenges like tough licensing norms, unavailability of trained personnel, high attrition and heavy working capital requirements are acting as a bottleneck in achieving their potential.

Eminent Sitar Player Manju Mehta conferred Tansen Samman, 2018

The Madhya Pradesh Government has conferred the annual Tansen Samman  upon eminent Sitar Player Manju Mehta for her contribution in the field of Hindustani Classical Music. The award was presented by Union Minister Narendra Singh Tomar on inaugural function of Tansen Music Festival in Gwalior.

Tansen

Tansen (earlier names Ramtanu Pande/Mohammad Ata Ali Khan) was the legendary court musician of Akbar. His early music training was held in music school of Gwalior’s Raja Mansingh Tomar. He was a disciple of Swami Haridas. 

Tansen Samaroh (Tansen Music Festival)

The department of culture, Madhya Pradesh government organizes annual four day Tansen Samaroh near the tomb of Tansen in Gwalior every year in December. The vocal and instrumental artists from all over India come and deliver their performances.

Tansen Award

Tansen Award was instituted by Madhya Pradesh government to honour the individual artists with significant contribution to Hindustani Classical Music. This award carries a cash prize of Rs. 2 Lakh along with a memento. The first Tansen Samman was conferred upon Sitar maestro Ustad Abdul Haleem Jafar Khan in 2000.

Manju Mehta

Veteran Sitar maestro Manju Mehta belongs to Bhatt family of Jaipur, which other eminent musicians Shashimohan Bhatt and Pandit Vishwa Mohan Bhatt come from. She has been a top artist at All Indian Radio and has co-founded the Saptak School of Music in Gujarat.

Advertisement