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News in Short

News in Short - 06-December-2019

Overuse of social media linked to eating disorder in children

Date: 06 December 2019 Tags: Miscellaneous
  • According to a latest study, excessive use of social media, particularly platforms which focus on posting images may be associated with eating disorder in young adolescents.
  • Images found on these apps may lead to body image issues in young adults that may prompt them to make rash decisions when it comes to their diet.
  • A range of studies have focused on the impact of social media on body image but this is the first to examine the relationship between specific social media platforms and disordered eating behaviours and thoughts.

England cricket legend Bob Willis passes away

Date: 06 December 2019 Tags: Obituaries
  • Former England captain and fast bowler Bob Willis has passed away, aged 70 after a short illness.
  • Willis represented England in 90 Tests in an international career spanning 13 years between 1971 and 1984, finishing with 325 wickets. He also played 64 ODIs.
  • He was named the Widen cricketer of the year in 1978 and was also named in the England’s greatest Test XI in 2018 by the ECB.

Priyanka Chopra honoured with UNESCO humanitarian award

Date: 06 December 2019 Tags: Honours & Awards
  • Priyanka Chopra has been honoured with UNICEF's Danny Kaye Humanitarian Award.
  • The award is named after Danny Kaye, an American actor and philanthropist who was UNICEF's first Goodwill Ambassador.
  • Priyanka has been a UNICEF Goodwill Ambassador for more than a decade, especially in the field for refugees and children.

RBI keeps repo rate unchanged at 5.15%

Date: 06 December 2019 Tags: Monetary Policy & RBI
  • The Reserve Bank of India’s (RBI's) monetary policy committee decided to hold its repo rate  at 5.15% .
  • It was widely expected that the central bank would reduce its repo rate by 25 basis point (bps) to a ten-year-low.
  • The repo rate is the rate at which RBI lends to commercial banks.
  • The RBI also slashed its GDP growth forecast for this fiscal by 90 basis points to 5% from 6.1% earlier.
  • Despite lower growth momentum, the RBI said that inflation would be higher than expected and would be in the range of 5.1% to 4.7%.

Nirav Modi declared a fugitive offender

Date: 06 December 2019 Tags: Banking Laws & Regulations
  • Absconding businessman Nirav Modi has been declared a fugitive economic offender under the Fugitive Economic Offenders Act by the special Prevention of Money Laundering Act ( PMLA) court.
  • He is the second businessman after Vijay Mallya to be declared a fugitive economic offender.
  • The Fugitive Economic Offenders Act, 2018 is an Act of the Parliament of India that seeks to confiscate properties and assets of economic offenders that evade prosecution by remaining outside the jurisdiction of Indian courts.