9 PM Current Affairs Brief – December 24, 2018

Volcano-triggered tsunami toll climbs to 222 in Indonesia News: Indonesian tsunami strikes without warning due to landslide on Krakatau volcano Facts: As per the scientist, underwater landslide could be the leading theory which might have triggered the killer waves. Underwater landslide when occur, it pushes land into the ocean and displaces the ocean surface causing… Continue reading Volcano-triggered tsunami toll climbs to 222 in Indonesia

India needs to open up dredging market: NITI News: NITI Aayog suggest to open up India’s dredging market to boost ports trade Facts: Currently major Indian ports cannot handle very large vessels in the absence of proper draft depth. More competition, mainly from global players, in dredging activities would help increase and maintain draft depth… Continue reading India needs to open up dredging market: NITI

Govt may continue GST compensation scheme till 2025 News: Government to Compensate GST loses to States for additional three years till 2025. Important Facts: As mandated by Constitution the Union government plans to create a backstop facility for states to receive compensation for three additional years to implement the nationwide goods and services tax (GST)… Continue reading Govt may continue GST compensation scheme till 2025

Capital idea? on banks recapitalisation plan News: Arun Jaitley presented the budget for 2018-19, and allocated ₹65,000 crores to recapitalize public sector banks. Important Facts: Major issues with Banking Sector: Public sector banks have been facing a massive problem of nonperforming assets (NPAs) or bad loans. Bad loans are those which have not been repaid… Continue reading Capital idea? on banks recapitalisation plan

Thanka Anki begins journey to Sabarimala News: Four-day Thanka Anki procession to set off for Sabarimala. Facts: About Thanka Anki Procession The ceremonial procession carrying the golden attire (thanka anki) for Lord Ayyappa set off to Sabarimala from the Sree Parthasarathy temple at Aranmula. The ‘Thanka Anki’ is the sacred gold attire worn by Sree… Continue reading Thanka Anki begins journey to Sabarimala

No rise in working women despite high literacy levels: ICRIER study News: Study conducted by Indian Council for Research on International Economic Relations (ICRIER) shows, rise in literacy levels among women has failed to translate into an increase in the number of working women Important Facts: There has been an increasing clamor over the fall… Continue reading No rise in working women despite high literacy levels: ICRIER study