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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India-Japan meet to review Comprehensive Economic Partnership Agreement

On December 10, 2019, a Japanese delegation led by Japanese Minister Mr Hiroshi Kajiyama visited Minister of North Eastern Region Development. The ministers discussed different areas of cooperation that included nuclear power, technology and infrastructure. The Countries also renewed their Comprehensive Economic Partnership Agreement.

Highlights

The Joint Working Group meeting of India and Japan was also held. During the meeting, the issues related human resources were discussed. In previous JWG meeting the countries discussed on the issues of civil nuclear liability. The next meeting is scheduled to be held in January 2020.

Japanese Investment in the North East

The Japanese Government will invest Rs 13,000 crores in the North Eastern region. The investment will include projects such as Guwahati Water Supply project, North East Road Network Connectivity Improvement Project in Meghalaya, Guwahati Sewage Project in Assam, Bio-Diversity Conservation project in Sikkim, Forest Management Project in Sikkim, Technical Cooperation Project for Sustainable Agriculture and Irrigation in Mizoram, etc.

India’s Expectations

India calls to enhance Japanese Investments in steel and energy sectors. Steel demand of India is expected to grow exponentially as the country embarks becoming a 5 trillion USD economy by 2024. Also, India has plans to invest 1.4 trillion USD in infrastructure development in next five years.

Switzerland to seek closer ties with India at BioAsia 2020

The BioAsia 2020 is scheduled to be held in Hyderabad in between February 17 and 19, 2020. On December 10, 2019, the Ministry of Industries and Commerce and IT informed that Switzerland will serve as India’s partner at the conference.

Why Switzerland?

India is Switzerland’s 8th largest trading partner. The trade between the countries amount to 19.7 billion USD. Also, India is one of the eight non-EU countries with which Switzerland intends to deepen its scientific relations.

Also, Switzerland generated over 15.8 billion Swiss Franc (CHF) revenue in the health technology alone. There are over 1,400 companies and 58,500 professionals involved in the health sector technology and its innovation. Apart from this there are more than 312 biotech companies that generate 1.5 billion CHF in research and development alone.

BioAsia 2020

The BioAsia 2020 is a comprehensive framework hosted by the Government of Telangana. It is dedicated to investors, health care, pharma, biotechnology and startups.

Theme: Today for Tomorrow

The purpose of the event is to create business relations between life science sectors. It acts as a platform for the corporate and government agencies to interact with each other and provide valuable feedback that will aid in investments, policy making, reforms, etc.

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