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Daily News Digest:01 December 2019

UNEP Emissions Gap Report 2019

This is the tenth edition of the United Nations Environment Programme (UNEP) Emissions Gap Report. 

This is the tenth edition of the United Nations Environment Programme (UNEP) Emissions Gap Report.

It provides the latest assessment of scientific studies on current and estimated future greenhouse gas (GHG) emissions and compares these with the emission levels permissible for the world to progress on a least-cost pathway to achieve the goals of the Paris Agreement.  This difference between “where we are likely to be and where we need to be” has become known as the ‘emissions gap’.

Few Important points to be taken from the report:

UNEP’s annual Emissions Gap Report says that even if all current unconditional commitments under the Paris Agreement are implemented, temperatures are expected to rise by 3.2°C, bringing even wider-ranging and more destructive climate impacts.

Aditya Birla Finance, first company to list commercial papers on stock exchanges

Aditya Birla Finance Ltd is a NBFC arm of the Aditya Birla capital and became the first company to list its commercial papers on stock exchanges to expand the investors' participation in securities.

UKIBC announced the establishment of Aerospace and Defence Industry Group

The UK India Business Council has announced the establishment of an Aerospace and Defence Industry Group to promote UK-India collaboration. Recently, in 2019, India and the United Kingdom signed Memorandum of Understanding on Defence Technology Industrial Capability Cooperation, through which one can understand the UK’s approach towards enhancing cooperation and recent announcement makes it more viable in the field of defence cooperation.

Dewan Housing Finance Corp. Ltd (DHFL) referred by RBI to the NCLT for insolvency proceedings

The Reserve Bank of India (RBI) referred Dewan Housing Finance Corp. Ltd (DHFL), which has a debt of ₹83,873 crore, to the National Company Law Tribunal (NCLT) for insolvency proceedings. DHFL is the first financial services firm to be sent to the bankruptcy tribunal after the government notified the rules for referring financial services providers (FSPs).

Malayalam poet Akkitham wins 55th Jnanpith Award

Eminent Malayalam poet Akkitham Achuthan Namboothiri has been chosen for the 55th Jnanpith Award, according to the Jnanpith Selection Board, which was headed by the famous odia writer Pratibha Rai. The award consists of Rs 11 lakh, a statue of Vagdevi, a citation and a memento.

Uddhav Thackeray was sworn in as chief minister of Maharashtra

After a month-long political huddle in the state, Shiv Sena's Uddhav Thackeray was sworn in as the Chief Minister of Maharashtra, thus bringing in the coalition government of Sena, NCP and Congress in the state.

Uddhav Thackeray is also the first Thackeray to have become the chief minister of Maharashtra.

National Institute of Design (Amendment) Bill

The National Institute of Design (Amendment) Bill, 2019 was introduced in Rajya Sabha by Mr. Piyush Goyal, Minister of Commerce and Industry on July 30, 2019. The bill seeks to declare four National Institutes of Design in Andhra Pradesh, Madhya Pradesh, Assam, and Haryana as institutions of national importance.

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