Current affairs 24 - December - 2015

• Indo-American professor Dr. Rakesh K. Jain has been selected for 2015 National Medal of Science of the United States. He will be presented this top award along with 16 other winners by President Barack Obama at a White House ceremony in January 2016. All of them were chosen for this award for their individual achievement and leadership in advancing the fields of science and technology
• Indian Navy has conducted a large scale Fleet exercise on the eastern seaboard to maintain high levels of combat readiness and counter emerging threats. The exercises were conducted across a vast geographical area on the eastern seaboard extending from Northern Bay of Bengal to Andaman Sea.
• Union Government has adopted the strategy of developing integrated industrial/economic corridors across the country in partnership with respective State Governments for boosting industrial development. This information was given by the Union Minister of State (Independent Charge) in the Ministry of Commerce & Industry Nirmala Sitharaman in a written reply in Rajya Sabha. It was also announced that National Industrial Corridor Development Authority (NICDA) with its headquarter in Pune (Maharashtra) has not been constituted yet.
• Reserve Bank of India (RBI) has extended the deadline for exchanging pre-2005 currency notes of various denominations by another six months to June 30, 2016. From January 1, 2016 such facility for exchanging pre-2005 currency notes will only be available at identified bank branches and Issue Offices of the RBI. Earlier in June 2015, RBI had set the last date for public to exchange pre-2005 banknotes notes as December 31, 2015. It is fourth time RBI has extended the deadline for exchanging pre-2005 currency notes since March 2014. Till date RBI has shredded over 164 crore pre-2005 currency notes of various denominations, including of Rs 1,000 with the face value of around Rs 21,750 crore in its regional offices.
• Union Government has launched two mobile applications namely Crop Insurance and AgriMarket Mobile to benefit farmers These apps were launched by Union Agriculture & Farmers Welfare Minister Radha Mohan Singh in New Delhi to celebrate the birth anniversary of former Prime Ministers Choudhary Charan Singh and Atal Bihari Vajpayee.
• In India, 24th December is being observed as National Consumer Day. On this day the Consumer Protection Act, 1986 had received the assent of the President. The enactment of this Act was considered as a historic milestone in the consumer movement in the country. This Act aims to provide consumers with effective safeguards against different types of exploitation such as defective goods, unsatisfactory services and unfair trade practices. This day provides an opportunity for individuals to highlight the importance of the consumer movement and the need to make every consumer more aware of their rights and responsibilities. It should be also noted that World Consumer Rights Day is observed on 15th March every year.
• India’s first indigenously designed warship INS Godavari have been decommissioned after 32 years of service. It was decommissioned at Naval Dockyard in Mumbai (Maharashtra) after it completed its full life cycle, meeting all responsibilities and duties assigned in 3 decades of service. After decommissioning, the ship would be used as a target to practice missile firing for final burial at sea.