Current Affairs - December, 2019

Current Affairs December, 2019 section is updated daily with latest Current Affairs and Current Events of December, 2019 for UPSC, IAS/PCS, Banking / IBPS, SSC, Railways, CLAT, NDA/CDS, UPPSC, RPSC, BPSC, MPPSC, TNPSC, MPSC, KPSC and other competition exams.

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NSIC & ARAMCO Asia signs MoU for development in Oil & Gas Sector

A memorandum of understanding (MoU) has been signed between National Small Industries Corporation (NSIC) and Suadi Aramco (Asia) for the development of Micro, Small and Medium Enterprises (MSME) Ecosystem in India in Oil & Gas Sector. The MoU will pave a way for accredited Indian MSMEs to carve out a space as vendors in Global space.

National Small Industries Corporation (NSIC)

It is the flagship Mini Ratna public sector undertaking (PSU) under Union Ministry of MSME in the business of facilitating MSMEs in India. It was established in 1955 as a Government of India agency and was later made into a fully owned government corporation.

Suadi Aramco (or Saudi Arabian Oil Company)

It is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. It is world’s largest Oil & Gas Company and is one of the largest companies in world by revenue.

UNDP Report: India ranks 129 in Human Development Index

The United Nations Development Programme released the Human Development Index for 189 countries on December 9, 2019. The rankings were listed by the report titled “Beyond Income, Beyond Averages, Beyond Today: Inequalities in Human Development in 21st century”.

India ranked 129 among them, which is one rank ahead of its previous positions. In 2018, India ranked 130. The rankings were listed based on the assessment of poverty, education, life expectancy and access to health care.

Highlights: World

Among all the regions, South Asia was the fastest growing region. It witnessed 46% growth between the years 1990 and 2018. Despite its growth, the region accounts to 31% of partner violence. Next to South Asia, East Asia and the Pacific reported good growth. The growth rate of these regions was assessed by the report as 43%.

Singapore reported the least partner violence faced by women.

Highlights: India

The report says that around 27.1 crore people in India were lifted out of poverty between the time period 2005-06 and 2015-16. However, India is the largest country constituting to 41% of world’s poor according to the report!

India ranked 122 in the Gender Development Index

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