Current Affairs - Miscellaneous

According to a report released by UK based Centre for Economics and Business Research (CEBR), India will overtake Germany in 2026 to become the world's fourth largest economy. The report also said that by 2034, India will overtake Japan and become third largest economy in the world. Today, India is the fifth largest economy in the World after US (20.49 trillion USD), China (13.41 trillion USD), Japan (4.97 trillion USD) and Germany (4 trillion USD).

Fausta, a female black rhino, who was believed to be the world's oldest rhino has died at the age of 57 in a Tanzanian conservation area. Fausta diedof natural causes in captivity in Ngorongoro Crater, which lies in Ngorongoro Conservation Area of Tanzania.

On December 28, 2019 global property consultant Knight Frank released a report titled "Global House Price Index Q3 2019". The report was about housing prices in a particular quarter of the financial year. As per the report, India was ranked at 47th place out of 56 countries, while Hungary topped the list.

Indian Army General Bipin Rawat named as the country's first Chief of Defence Staff (CDS). Chief of Defence Staff will be a 4-star General, the principal military advisor to the defence minister, and will head the new Department of Military Affairs.

On December 27, 2019, RBI released Financial Stability Report. The report is biennial and reflects the collective assessment of the Sub-committee of Financial Stability and Development Council. The report said that the non-performing asset ratio of banks is increasing. It was 9.9% in September 2019 and may rise to 9.9% in September 2020.