Top 5 Current Affairs: 20 December 2017

Dec 20, 2017 17:27 IST
Top 5 Current Affairs: 20 December 2017

Niti Aayog to set up Methanol Economy Fund

Government’s think-tank Niti Aayog is planning to set up a Methanol Economy Fund with a corpus of Rs 4,000-5,000 crore.

The Methanol Economy Fund will be utilized to promote the use of methanol fuel, which is safer, cheaper, and pollution free. Methanol can be used as a transportation fuel, energy producing fuel and cooking fuel. It could play a huge role in bringing down India’s oil import bill by an estimated 20% over the next few years.

Haryana government to provide free sanitary napkins to poor women

The Haryana government would distribute sanitary napkins free of cost to all women belonging to BPL (Below Poverty Line) category in the State.

Earlier, on 1 December 2017, the state government had announced that it would make plans for free supply of sanitary napkins to girls in the schools across the State.

Besides this, the government also plans to make the state malnutrition- free in the coming 3-years.

Parliament passes Companies Amendment Bill

The Companies (Amendment) Bill, 2017 that aims to bring about major changes in the Companies Act, 2013, was passed by the upper house of the Parliament, Rajya Sabha on 19 December 2017 by a voice vote.

The Bill was passed previously by the Lok Sabha in July 2017 during its Monsoon session. It will now have to receive the assent of the President of India to become a law.

The Bill seeks to amend the companies law to strengthen corporate governance standards, initiate strict action against defaulting companies and help improve ease of doing business in the country.

International Human Solidarity Day 2017 observed across the world

The International Human Solidarity Day was observed across the world on 20 December 2017.

The Day aims to raise public awareness of the importance of solidarity and encourages debate on the ways to promote solidarity for the achievement of the Sustainable Development Goals including poverty eradication.

In the Millennium Declaration, solidarity is identified as one of the fundamental values of international relations in the 21st Century, wherein those who either suffer or benefit least deserve help from those who benefit most.

India, Sri Lanka complete 2nd phase of joint oceanographic survey

The Indian Navy in collaboration with the Sri Lankan navy successfully completed the second phase of the joint oceanographic survey conducted off the South Western Coast of Sri Lanka.

The survey was initiated on 26 October 2017 with the arrival of the Indian Naval Ship Sutlej in Sri Lanka. The main aim behind launching the joint oceanographic survey was to update all the navigational charts, covering the southern Sri Lankan waters with the latest hydrographic data.

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