Current Affair For Date “December 3, 2015”

China’s Renminbi Is Approved by I.M.F. as a elite reserve currency

Date: December 03, 2015

The Chinese Yuan is anointed as one of the world’s elite currencies, a milestone decision by the International Monetary Fund that underscores the country’s rising financial and economic heft.

The move will help pave the way for broader use of the renminbi in trade and finance, securing China’s standing as a global economic power. Just four other currencies — the ...

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Union Government launches GIAN Scheme for higher education

Date: December 03, 2015

Govt. of India approved a new program titled Global Initiative of Academic Networks (GIAN) in Higher Education aimed at tapping the talent pool of scientists and entrepreneurs, internationally to encourage their engagement with the institutes of Higher Education in India so as to augment the country’s existing academic resources, accelerate the pace of quality reform, and elevate India&rs...

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