Notes:
Microsoft India and the National Skill Development Corporation (NSDC) have partnered for the India edition of the Microsoft Imagine Cup 2021.
Imagine Cup is an annual innovation challenge held by Microsoft for students and technology enthusiasts. It aims to empower students to apply artificial intelligence and other technologies to solve the sustainability issues of the world.

Notes:
The Reserve Bank of India’s Monetary Policy Committee (MPC) held on December 4, 2020 decided to keep interest rates unchanged with an “accommodative” policy stance.
The MPC has kept repo rate unchanged at 4% and maintained reverse repo rate at 3.35%. RBI also predicted a real GDP growth of -7.5% for FY21, from the earlier prediction of -9.5%. MPC also expected that the inflation rate will remain high.

Notes:
The Supreme court on Thursday upheld that the Goods and Service Tax (GST) shall be imposed on the sale of lotteries, betting and gambling.
The Bench also highlighted that the GST Act, 2017 defines the goods to include ‘actionable claims’ and included only three categories of such claims namely lottery, betting and gambling, to levy GST. Actionable claim is the claim for a debt related to any benefit from unpossessed movable property and for which relief can be claimed in civil court.

Notes:
CLMV countries are Cambodia, Laos, Myanmar and Vietnam. They are also the members of the Association of South East Nations (ASEAN).
During the Inaugural Session of the 6th India – CLMV Business Conclave 2020, India invited the CLMV countries to join the International Solar Alliance and the Resilient Supply Chain Initiative by India.

Notes:
Bhasan Char is an uninhabited island in Bangladesh. It is located in the Bay of Bengal, about 60 kilometers from the mainland.
The Bangladesh government started the process of relocating the Rohingyas from Cox’s Bazar refugee camp to the newly developed facility at the Bhashan char Island. Bangladesh constructed shelter houses for Rohingya refugees at an estimated cost of 2,300 crore takas.