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DECEMBER
Current Affairs Updates for 7 December,2015
January 1, 2016
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PARALYTIC BEAR GIVEN ‘MERCY DEATH’ AT INDORE ZOO

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In a rare case, a 33-year-old Himalayan bear that had suffered paralysis over two years ago, was on Saturday given ‘mercy death’ at the Kamla Nehru zoo.According to Yadav, Sonu’s carcass will be exhumed six months later and the skeleton will later be kept at the zoo’s information centre, as it will help the veterinary students in their studies and research”.


WATER SPORTS COMPLEX INAUGURATED AT GOPALPUR

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A water sports complex was inaugurated in the backwater at Gopalpur beach resort in Ganjam district of Odisha on Sunday.The inauguration comes ahead of the Gopalpur beach festival scheduled from December 24 to 28. This complex is being envisioned as a major attractor of tourists and water sport enthusiasts to this famous beach resort on eastern coast, best known for it serenity. Berhampur sub-collector Nikhil Pawan Kalyan inaugurated the complex.Apart from water scooters, the complex has facilities for water surfing, wind surfing, kayaking and scuba diving.


STARTUP POLICY IN NEW YEAR

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The government is gearing up to unveil a new policy for promoting startups in January 2016 with an eye on boosting innovation, entrepreneurship and creating new jobs. Over 70 lakh people have got loans under Mudra, amounting to Rs. 44,000 crore, as of last Friday, December 4. Separately, the Rs.2,000 crore fund of funds for venture capital investments has almost entirely drawn down its corpus, the official added. Finance Minister Arun Jaitley had launched the India Aspiration Fund, set up under the Small Industries Development Bank of India or SIDBI, this August.


YEMEN’S ADEN GOVERNOR KILLED IN CAR BOMBING CLAIMED BY ISLAMIC STATE

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The governor of Aden was killed by a car bomb on Sunday in Yemen’s southern port city, in an attack that Islamic State claimed responsibility for.A local official and residents said at least six members of General Jaafar Mohammed Saad’s entourage also died in the attack, which targeted the governor on his way to work. Several other people were wounded.The attack came in the Tawahi district of Aden, where President Abd-Rabbu Mansour Hadi has returned to oversee a war against Iran-allied Houthis.


TATA GROUP LOOKS AT $350 BILLION MARKET CAP BY 2025

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With its listed firms adding over $100 billion to market capitalisation in the last 15 years, the Tata Group is looking at an increase of nearly $250 billion by 2025, including through acquisitions.The group will not shy away from global buyout activity and will continue to make significant investments in both existing as well as new businesses, including in the digital space to meet its vision 2025 targets.It has over 100 independent operating companies out of which 29 are publicly-listed.


HOCKEY WORLD LEAGUE 2015: ROLLERCOASTER RIDE ENDS IN BRONZE HIGH FOR INDIA

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India recover from 2-0 down, then give up 5-3 lead before beating Holland 3-2 in shootout to end 33-year world-level medal drought. With scores level 5-5 after four quarters, the match went into penalty shootouts where goalkeeper PR Sreejesh once again stood like a rock to help guide India to a remarkable 3-2 win and end a 33-year wait to win a medal at a major international hockey event, excluding continental tournaments.


JAPAN’S SECURITIES WATCHDOG TO RECOMMEND $59.8 MILLION FINE FOR TOSHIBA CORPORATION

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Japan’s securities watchdog will recommend that Toshiba Corp should be fined 7.37 billion yen ($59.84 million) for accounting violations, a person familiar with the process told Reuters on Saturday. The source said the Securities and Exchange Surveillance Commission will make the recommendation, which would be a record fine for accounting violations, to the Financial Services Agency on Monday.


GOOGLE’S RAM SHRIRAM’S NEXT BET, AN INDIAN TECH STARTUP

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Kavitark Ram Shriram, one of the first investors in Google, wants to make his next early bet on a tech product startup in India. India’s startup ecosystem, now ranks third globally with more than 4,200 new-age companies. Kavitark Ram Shriram, one of the first investors in Google, likes the fact there are now many small product companies in India focussed on applications as opposed to outsourcing and says he finds the Indian startup environment “vibrant and energetic” .