TNPSC Current Affairs December 13, 2019

www.tnpsc.academy – TNPSC Current Affairs Dec 13, 2019 (13/12/2019)

Topic: Public Awareness and General Administration, Latest Diary of Events

National Financial Reporting Authority submits first report since constitution

The National Financial Reporting Authority (NFRA) issued its first audit report of IL&FS Financial Services Limited for the year 2017-18. It is the first report submitted by the authority since its constitution in October 2018. The audit was conducted abiding Section 13(2) of the companies act, 2013 and NFRA rules, 2018.

Prior to NHRA, the audit of the IL and FS financial services were conducted by Deloitte Haskins and Sells (DHS). NHRA reports that the audit conducted by DHS was inadequate.

IL and FS crisis L and FS is a non-banking financial company that was established 30 years ago in order to conglomerate funds for infrastructure projects in India. The company fell short of cash recently and faced cash over runs, delays in land acquisition and approvals in 2018.

Topic: Sports and Medals

FICCI India Sports Awards 2019

The coveted FICCI India Sports Awards 2019 were presented to the winners on 11 December 2019 at New Delhi. The awards are an attempt by FICCI (Federation of Indian Chambers of Commerce & Industry) to acknowledge and recognize contribution of sports persons and various stakeholders who deliver excellent results during the year.

Key facts:

Sports Person of the Year: Female- Rani Rampal, women’s hockey team captain; Male: Saurabh Chaudhary, ace pistol shooter

Best Para-athlete: Sandeep Chaudhary (javelin).

Breakthrough Sports Person: Amit Panghal (boxing)

Lifetime Achievement (Administrator): Govindaraj Kempareddy

Lifetime Achievement: Pankaj Advani (cue sport)

Topic: Persons In News, Latest Diary of Events

Greta Thunberg named TIME’s 2019 Person of the Year

The Swedish teenager Greta Thunberg, who became voice of a generation facing climate change emergency was named as Time magazine’s 2019 Person of the Year.

Others honoured by TIME for year 2019:

Athlete of the Year: US Women’s Soccer Team

Guardians of the Year: the US Public Servants

Entertainer of the Year: Singer Lizzo

Business Person of the Year: Disney CEO Bob Iger

Topic: Latest Reports and Events

India Skills Report

India Skills Report 2019-20 has been released. It is a joint initiative by PeopleStrong, a Global Talent Assessment Company, in collaboration with Confederation of Indian Industry (CII) along with partners like UNDP, AICTE, and AIU.

The report also consists of an in-depth study of employability amongst the fresh candidates joining the workforce.

Key findings:

About 46.21 per cent students were found employable or ready to take up jobs in 2019, compared with 33 per cent in 2014, and 47.38 per cent in 2018. Female employability witnessed an upward trend at 47 per cent this year from 38 per cent in 2017 and 46 per cent in 2018.

Most employable candidates as per the courses were MBA Students at 54 per cent as against 40 per cent in the last two years. A decline in employability was seen in BTech, Engineering. MCA graduates, Technical & Computer-related courses.

Performance of states:

Top three states in terms of employability: Maharashtra, Tamil Nadu and Uttar Pradesh. Top two employable cities: Mumbai and Hyderabad. States that registered a dip in ranking were West Bengal and Haryana, which could not make it to the top ten list.

Topic: International Events, Reports and Summits

Climate Change Performance Index (CCPI) 2019

The latest edition of Climate Change Performance Index (CCPI) was recently presented at the climate summit in Madrid.

Objective: To enhance transparency in international climate politics.

India’s performance:

India, at rank 9, joins the top ten countries. Despite high ratings for the performance of its climate policy, the government is yet to draw up a roadmap to reduce subsidies on fossil fuels in a phased manner.

In short, more stringent laws and amendments should be made to achieve climate change targets.