Latest Current Affairs of 29th December 2015

Union Government links LPG subsidy to income

Union Government has announced to link LPG subsidy to income of consumers in order to ensure that the subsidy benefits go to the targeted group. Henceforth, the LPG subsidy will not be available to LPG consumers if the consumer or his/her spouse has taxable income of more than ten lakh rupees. This income would be as per the previous financial year computed under Income Tax Act, 1961. This decision will be given effect to initially on self-declaration basis of LPG consumers while booking cylinders January 2016. This move will affect at least 60 lakh LPG consumers of the total 16.5 crore LPG consumers in the country and Government will save upto Rs. 113 crore from this decision.

Reliance Jio launches 4G telecom service

Reliance Jio has launched 4G (4th Generation) telecom service using LTE (Long Term Evolution) Technology. The service was launched by company’s Chairman Mukesh Ambani on the 83rd birth anniversary of Dhirubhai Ambani, founder of the Reliance Industries Limited (RIL) in Navy Mumbai, Maharashtra. This initial phase of 4G service was launched for limited to 85000 employees and their families of the company. However the commercial services to begin by April 2016 throughout country.

China amended One Couple, One Child Policy

China’s National People's Congress Standing Committee, country’s top law making body, on 27 December 2015 gave its approval to amending One Couple, One Child Policy. The amended policy, which will come into force on 1 January 2016, will lift the restrictions on couples from having only one child.

The amended policy is aimed at balancing the country's population structure by allowing all couples to have two children.

The amendment came after the Communist Party of China (CPC) Central Committee on 29 October 2015 issued a communiqué in this regard.

Globe Soccer Awards 2015 conferred

The Globe Soccer on 27 December 2015 presented the sixth edition of Globe Soccer Awards 2015 to the winners at a ceremony held in Dubai, UAE.

Awarded for excellences in the field of football, Globe Soccer Awards are the first and only awards for the Best Club Director and the Best Agent of the Year.

The awards conferred were based on the performance of the players and football clubs in 2015.