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Important Current Affairs 24th December 2018

(National News)

10 Indian news firms selected for Google News Initiative Funding 

Google has selected 87 news organisations from 23 countries for funding under its Global News Initiative (GNI). Of these 87 organisations selected, 10 are from India. The funding aims at helping the organisations in building video capabilities and experiment with new formats for video journalism.

Google News Initiative

Google has become a go-to site for getting information about a wide range of topics and Google aims to build a more informed world. This is closely interlinked with reporting of journalists and news organizations. Google search and YouTube are dependent on a healthy ecosystem of publishers producing great digital content. But the growing fake news and rapidly changing business models for journalism has become a challenge to the news industry.

Information Fusion Centre – Indian Ocean Region (IFC-IOR)

The Defence Minister of India formally inaugurated the Information Fusion Centre – Indian Ocean Region (IFC-IOR) Indian at the Information Management and Analysis Centre (IMAC) in Gurugram on 22nd December 2018. The IFC for Indian Ocean Region has the primary objective of jointly monitoring the vast Indian Ocean Region.

IFC-IOR will provide a way to tackle these challenges through collaborative and cooperative efforts.The Information Management and Analysis Centre (IMAC) in Gurugram was sanctioned in March 2012 and became operational in November 2014.

Vedangi Kulkarni: Indian woman becomes fastest Asian to cycle the Globe  

A 20-year-old Pune woman Vedangi Kulkarni has become the fastest Asian to cycle the globe. She has completed the 29,000 km distance required to qualify as bicycling across the globe. She has spent 159 days peddling up to 300 km a day in 14 countries.The world record is in the name of British adventurer Jenny Graham (38) who had cycled the globe in 124 days in 2018.

India overtakes Germany to become seventh largest Stock Market 

India's stock market has overtaken Germany's to become the seventh-largest in the world with a market capitalisation of $2.08 trillion. This is the first time in seven years that India moved past the equity market of Europe's largest economy, according to Bloomberg. At $27.07 trillion, US is world's biggest stock market, followed by China ($5.46 trillion) and Japan ($5.41 trillion).

(International News)

Volcanic Tsunami 

Indonesia was hit by a Tsunami. As the giant tsunami waves crashed into coastal towns on the islands of Sumatra and Java, at least 281 people were killed and 1,016 were injured.

About Tsunami

Tsunami refers to a series of waves in a water body caused by the displacement of a large volume of water, generally in an ocean or a large lake.

Tsunamis are different from the normal sea waves. Normal waves are generated due to the wind and Tides are generated due to the gravitational pull of the Moon and the Sun, whereas Tsunami is generated by an abrupt movement on the ocean floor due to the triggering points like Earthquakes, volcanic eruptions, underwater explosions, landslides, glacier calving or meteorite impacts.

The new capital of Burundi 

The government of Burundi has declared Gitega as the country’s new political capital on 22nd December 2018. Bujumbura, the previous capital of Burundi, will serve as the economic capital of the country. The government has decided to hold future Cabinet meetings in Gitega and to establish five ministries in Gitega from the start of 2019. Gitega’s population is around 30 000  as compared to Bujumbura’s 1.2 million.

China launched its First Satellite for Space-based Broadband Services 

China has launched its first communication satellite on 22nd December 2018 to offer broadband internet services to users worldwide. The communication satellite was launched using a Long March 11 carrier rocket which took off from the Jiuquan Satellite Launch Centre in north-western China.

Aim

The satellite aims to rival Google and other companies which have similar plans for providing Internet services worldwide.

(Space News)

Nuclear Capable Agni-IV successfully test-fired 

India has successfully test-fired nuclear-capable long-range ballistic missile Agni-IV from the Dr Abdul Kalam Island in Odhisa. It was the 7th trial of Agni-IV missile. DRDO had positioned Radars and electro-optical systems along the coast of Odisha for tracking and monitoring all parameters of the missile and two naval ships were anchored near the target area to witness the final event.