Current Affairs of 8 December 2015

Daily Current Affairs contains all major news that occurs National and International Level.It will helpful for those students who are preparing for Bank Exams- IBPS/SBI/PO/Clerk exam , SSC Exams and all other competitive exams .

Current Affairs of 8 December 2015

1. Beijing issued first-ever Red Alert on Air Pollution
1. Authorities in Chinese capital Beijing issued its first-ever red alert on air pollution ordering schools to close due to hazardous air quality. Red alert is the highest possible state of caution. 
2. The order was issued after acrid smog enveloped the capital for the second time in December 2015. 
3. The order will last from 7am (local time) on 8 December 2015 morning until midday on 10 December 2015, when the weather is expected to change and blow away the smog.
4. The red alert was announced for the first time since an emergency air-pollution response system (four-tier system) was introduced in 2013.

2. Latvia’s Prime Minister Laimdota Straujuma resigned
1. Latvia’s first female Prime Minister Laimdota Straujuma announced her resignation .
2. Until a new government is chosen by the Latvia parliament, Straujuma will head the three-party coalition that includes centre-right Unity party, the Greens and Farmers party and the far-right National Alliance in a caretaker capacity.
3. Straujuma’s resignation came after she fired the transport minister in November 2015, sparking rumours of discontent within the centre-right Cabinet that took office in January 2014.

3. ONGC joined World Bank’s Zero Routine Flaring by 2030 Initiative
1. The Oil and Natural Gas Corporation Limited  joined Zero Routine Flaring by 2030 Initiative of the World Bank on the sidelines of Conference of Parties-21 (COP-21) of UNFCCC in Paris.
2. With this joining, ONGC has become the first oil company from India to join the global initiative that is aimed at curbing routine gas flaring at oil production sites around the world by 2030.
3. Along with ONGC, 19 other entities endorsed the initiative taking the number of total countries or companies or development institutions to 45 since its inception in April 2015.Altogether these 45 endorsers represent more than 40 percent of all global gas flaring.

4. Opposition Democratic Unity Roundtable won 2015 Venezuelan parliamentary election
1. Opposition Democratic Unity Roundtable (MUD) won majority seats in the Venezuelan parliamentary election that were held on 6 December 2015.
2. The Jesus Torrealba-led coalition secured 110 seats in the 167-seat legislature, while the ruling United Socialist Party of Venezueala (PSUV) won 55 seats so far.
3. The PSUV is headed by the incumbent president Nicolas Maduro. For PSUV, It is the worst-ever defeat for the leftist movement founded by former leader Hugo Chavez in 1999.

5. IPL governing council selects teams from Rajkot, Pune
1. The IPL Governing Council has named Intex Mobiles and Sanjeev Goenka's New Rising as the two new team owners from Rajkot and Pune respectively for the 2016 and 2017 seasons of IPL.
2. The auction was done through the reverse bidding process to choose the lowest bids for the share of the central revenue pool of the IPL. However, both the teams did not seek any share of the central revenue pool in the reverse bidding process.
3. Instead, Intex Mobiles will now pay BCCI Rs. 10 crore for the Rajkot team, while New Rising will pay Rs. 16 crore for the Pune team each year.
4. While several corporates had bought tender documents only five players bid today, which included the Chettinad group and the RPG group.

6. Atomic Energy (Amendment) Bill, 2015 introduced in Lok Sabha
1. Union Government  introduced Atomic Energy (Amendment) Bill, 2015 in the Lok Sabha to facilitate and fast track setting up of new nuclear projects in the country. The Bill seeks to amend the Atomic Energy Act, 1962.
2. It expands the definition of paid-up share capital in parent Act to include joint ventures (JV) of public sector undertakings (PSUs). The whole of the paid up share capital would be held by one or more PSUs and empowers the Union government to constitute its Board of Directors for such JV. 
3. It proposes to make a consequential amendment in Section 14 of the Atomic Energy Act, 1962 to enable the Central Government to issue licence to such joint-venture companies to set up nuclear power plants, take measures for safe operation and ensure safe disposal of nuclear material. 

7. Maharashtra becomes first state to allow MLAs raise online question
1. The Maharashtra legislature has become the first in the country to launch an online mechanism for its members to send questions and move different motions in the House. In this regard state government has launched a website mls.org.in as part of Digital 
 MLAs initiative in the winter session of state legislature in Nagpur.
2. This system has been launched in an effort of state government to move towards complete digitization of the legislative process that aims at bringing the paper work to minimum. 
3. All MLAs and MLCs have been given unique user names and passwords to access to website so that they can send their questions and requests online.

8. SEBI orders freezing bank, demat accounts of Sunplant Forgings
1. Markets regulator SEBI has ordered attachment of bank and demat accounts of Sunplant Forgings, its promoters and directors, to recover dues worth over Rs 17 crore.
2. The attachment order comes after SEBI, in April, had directed the company and its directors to refund Rs 17.51 crore to the investors which it had illegally raised along with an interest of 15 per cent per annum.
3. The company had allotted redeemable preference shares to 6,000 persons without complying with the public issue norms.
Also, the company and its promoters and directors — Abhinandan Kumar Singh, Sumanta Singh, Neeraj Pathak and Arup Kumar De — had been barred from the securities markets for four years and this ban would continue till the completion of refund to investors.

9. Tata Comm concludes deal to sell Neotel fixed line to Vodacom
1. Tata Communications  will sell majority of its subsidiary Neotel’s fixed line assets to Vodacom South Africa but will retain control of licences including spectrum.
2. The deal was originally signed in May last year wherein Vodafone’s South African subsidiary Vodacom had reached an agreement to buy Neotel, controlled by Tata Communications, for 7 billion rand (about Rs 3,200 crore).
3. In dollar terms, the value of transaction at that time was around $676 million which has come down to $479 million due to depreciation in value of South African rand.

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