Current Affairs-GK December 12, 2015

Current Affairs-GK December 12, 2015


Supreme Court dismissed petition against Haryana Panchayati Raj (Amendment) Act, 2015
On 10 December a bench of the Supreme Court dismissed a batch of petitions challenging the validity of the Haryana Panchayati Raj (Amendment) Act, 2015. The Act requires that general candidates must have passed Class X examination while women and Dalit candidates need to have cleared Class VIII. Dalit women candidates must clear Class V.

Apart from Haryana, Rajasthan is the only other state to fix minimum education qualifications for those contesting panchayat polls.

Salman Rushdie awarded 2015 Mailer Prize for Lifetime Achievement
India-born author Salman Rushdie has been awarded the prestigious 2015 Mailer Prize for Lifetime Achievement. He has been bestowed with this award for fully exercising his freedom of creativity and thrived on dialogue and debate. He has authored 12 novels including the Booker Prize winner novel Midnight’s Children and The Satanic Verses. His most recent novel is Two Years Eight Months and Twenty-Eight Nights, published in September 2015.

A portal to help SMEs get bank loans
While the SMEs that have managed to get timely finance from banks prefer not to comment on the difficulties in getting the support, there are many that are not even aware of the support system. According to an IFC survey, there are about 55 million registered SMEs, of which just about 35 per cent are in the banking system.

Industrial output growth jumps 9.8% in October
Industrial output grew a robust 9.8 per cent in October. This Index of Industrial Production (IIP) was much higher than the revised growth level of 3.84 per cent in September this year. In October last year, IIP had contracted 4.2 per cent, hitting a three-year low. Industrial growth in October was led by a 42.2 per cent expansion in consumer durables and 16.1 per cent growth in capital goods output, both of which had contracted in October 2014.

Mauricio Macri Blanco sworn in as President of Argentina
Mauricio Macri Blanco sworn in as the President of Argentina. He succeeded Cristina Elisabet Fernandez de Kirchner who was in the office for two terms between 2007 and 2015. Mauricio Macri is the leader of the centre-right Cambiemos (Let's Change) coalition. He secured 51.5 percent of votes in the elections held in November 2015.

Indian cyclist Deborah Herold became World No. 4 Cyclist
Indian cyclist Deborah Herold on 11 December 2015 became the first Indian female cyclist to be ranked fourth in the World Elite Women Ranking for the 500m time trial event. The ranking was issued by cycling world body International Cycling Union (UCI).