Current Affairs - 03 Dec 2021

Daily Current Affairs of 03 Dec 2021. Follow Current Affairs on daily Basis in on post. Current Affairs PDF for Competitive Exams

Hornbill Festival celebrated in Naga Heritage village Kisama

The biggest cultural extravaganza of Nagaland, the Hornbill Festival has kicked off with colorful renditions of traditional music, dances, and contemporary in one roof at Naga Heritage village Kisama. It is the 22nd edition of the Hornbill festival and will be celebrated in 6 districts of Nagaland. More than 282,800 people visited the festival during the 20th edition in 2019, including over 3,000 foreign tourists and at least 55,500 domestic visitors.

This year’s edition of Nagaland’s iconic Hornbill Festival, widely hailed as the “festival of festivals”, will be held in its traditional format, starting on December 1 after it was held virtually last year due to the Covid-19 pandemic. The opening ceremony culminated with the flight of the Hornbill- A musical presentation by Task Force for Music and Arts Nagaland.

Important takeaways for all competitive exams:

Chief Minister of Nagaland: Neiphiu Rio; Governor of Nagaland: Jagdish Mukhi.

Troika : India joined the G20 ‘Troika’ with Indonesia and Italy

India has joined ‘G20 Troika’ and will work closely with Indonesia and Italy to ensure consistency and continuity of G20’s agenda. Apart from India, Troika consists of Indonesia and Italy. India will assume G20 Presidency in December 2022 from Indonesia and will convene the G20 Leaders’ Summit for the first time in 2023. Troika refers to the top grouping within G20 that consists of the current, previous, and incoming presidencies (Indonesia, Italy and India).

Earlier and present presidency:

Italy hosted the G20 summit during October 30-31 that was attended by Prime Minister Narendra Modi where India had raised the issue of Afghanistan’s future following the takeover by the Taliban.
Indonesia took over the G20 presidency on December 01, 2021.
In the coming months, Indonesia will hold rounds of discussion at various levels among the members of the G20 before convening the G20 Leaders’ Summit scheduled for October 30-31, 2022.
Next year’s summit will be organised along the overall theme of “Recover Together, Recover Stronger”.

RBI superseded Reliance Capital board & appoints Nageswar Rao as administrator

Reserve Bank of India (RBI) superseded the Board of Directors of Reliance Capital Ltd (RCL), a Non-Banking Financial Company (NBFC), by exercising its power conferred under Section 45-IE (1) of the RBI Act, 1934. RCL is promoted by Anil Dhirubhai Ambani’s Reliance Group. In this regard, the apex bank has appointed Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) as the Administrator of the company under Section 45-IE (2) of the RBI Act. The reason behind this is the defaults made by RCL for various debt obligations payments and serious governance concerns.

The Central Bank will also apply to the National Company Law Tribunal (NCLT) for appointing the administrator as the Insolvency Resolution Professional. Reliance Capital will become the third non-banking financial company to go under the insolvency procedure after DHFL and Srei Group companies. A part of Anil Dhirubhai Ambani Group, Reliance Capital has repeatedly failed to repay its debt obligations.

RBI appoints advisory committee to assist Reliance Capital administrator:

The Reserve Bank of India has appointed an advisory committee to advise the administrator of Reliance Capital. The committee includes Sanjeev Nautiyal, ex-DMD of State Bank of India, Srinivasan Varadarajan, ex-DMD of Axis Bank, and Praveen P Kadle, ex-MD & CEO, Tata Capital Limited.

Important takeaways for all competitive exams:

Reliance Capital Ltd CEO: Jai Anmol Ambani;
Reliance Capital Ltd Headquarters: Santacruz, Mumbai;
Reliance Capital Ltd Founder: Dhirubhai Ambani;
Reliance Capital Ltd Founded: 5 March 1986.

Bihar won Gold Medal Award at 40th edition India International Trade Fair

Union Commerce and Industry Minister, Piyush Goyal has inaugurated the 40th edition of the India International Trade Fair (IITF) 2021 at Pragati Maidan in Delhi. It was organized by the India Trade Promotion Organisation with ‘Aatmanirbhar Bharat’ as the theme and to further promote the idea of ‘Vocal for Local’. Bihar is the partner state for the 40th IITF and the focus states are Uttar Pradesh and Jharkhand.

The Bihar pavilion won the 6th gold medal by showcasing the state’s art and cultural richness through handicrafts like Madhubani, Manjusha arts, terracotta, handlooms, and other indigenous products of the state at IITF 2021. Piyush Goyal listed five pillars of India as Economy, Exports, Infrastructure, Demand, and Diversity.

Important takeaways for all competitive exams:

Bihar Capital: Patna;
Bihar Governor: Phagu Chauhan;
Bihar Chief Minister: Nitish Kumar.

Sambit Patra named as chairman of India Tourism Development Corporation

Sambit Patra has been appointed as the chairman of India Tourism Development Corporation (ITDC) by the Appointments Committee of the Cabinet. IAS officer, G. Kamala Vardhana Rao will hold the post of managing director of ITDC. The India Tourism Development Corporation is a hospitality, retail, and education company owned by the Government of India, under the Ministry of Tourism. Earlier, Patra had served as an independent Director of ONGC.

Appointment of Dr Sambit Patra as Part-Time Non-Executive Director & Chairman of ITDC for a period of three years from the date of assumption of charge, or until further orders, whichever is earlier.

Important takeaways for all competitive exams:

India Tourism Development Corporation Founded: 1 October 1966;
India Tourism Development Corporation Headquarters: New Delhi.

Anju Bobby George : Crowned Woman of the Year by World Athletics

Legendary Indian athlete, Anju Bobby George has been bestowed with the Woman of the Year Award by World Athletics for grooming talent in the country and for her advocacy of gender equality. In 2016, she formed a sports academy for young girls. Through this, she has helped India advance in sports and also inspire more women to follow in her footsteps. She is also presented with the award for advocating gender equality. Anju, the only Indian to have won a medal in the World Championships with a long jump bronze in the 2003 edition.

What are Anju’s achievements?

She is a gold medallist in the 2005 IAAF World Athletics Finals.
She was the first Indian athlete to win a bronze medal in the long jump at the World Championships in Athletics held in 2013 in Paris.
In the 2004 Olympics, she finished sixth.

Awards

Anju was awarded the Arjuna award in 2002, Padma Shri in 2004, Khel Ratna in 2003.
In 2021, she won the BBC lifetime achievement award in the category of Best Athlete.

Bangladesh, US kick off bilateral exercise CARAT

US military personnel and Bangladesh Navy (BN) began the 27th annual Cooperation Afloat Readiness and Training (CARAT) maritime exercise virtually from 1 December in the Bay of Bengal. The nine-day exercise focuses on a wide range of naval capabilities and includes cooperative actions that demonstrate the US and Bangladesh’s capacity to work together to ensure a free and open Indo-Pacific.

About the CARAT:

CARAT is to promote regional cooperation and build relationships, according to Bangladesh Navy Fleet Commander Rear Admiral S M Abdul Kalam Azad. Since 2011, the Bangladesh Navy has been participating in the CARAT exercise, which is celebrating its 27th anniversary this year.

Cooperation Afloat Readiness and Training (Exercise CARAT):

CARAT exercise is an annual bilateral exercise. United States Pacific Fleet, a command of the US Navy conducts it with several ASEAN members.
Currently, Exercise CARAT is conducted with navies of nine nations, which are the navies of Bangladesh, Brunei, Cambodia, Indonesia, Malaysia, the Philippines, Singapore, Sri Lanka, and Thailand.

Gita Gopinath to replace Okamoto as IMF’s No. 2 official

International Monetary Fund Chief Economist, Gita Gopinath is set to take over from Geoffrey Okamoto as the institution’s No. 2 official. It is going to be a historic movement when International Monetary Fund has the female at its first two leading positions. The IMF has done some changes in the roles and responsibilities of the fund’s senior management team. In which they introduced deputy managing director for the first time and it is gone to the first female named Indian born economist Gita Gopinath.

The move comes as a surprise because Gopinath, the first woman to serve as the IMF’s chief economist, had said in October she planned to rejoin Harvard University in January to retain her tenured facility post after three years of public service.

Important takeaways for all competitive exams:

International Monetary Fund Formed: 27 December 1945;
International Monetary Fund Headquarters: Washington D.C., USA;
International Monetary Fund Member countries: 190;
International Monetary Fund Managing Director: Kristalina Georgieva.

Himachal Pradesh Police honoured with ‘President’s Colour’ award

Himachal Pradesh Police has conducted the ‘President’s Colour Award’ ceremony at Shimla’s historic Ridge Ground. The Governor bestowed the ‘President’s Color Award’ to the State Police on this occasion. Director-General of Police Sanjay Kundu received the award on the behalf of state police. The Chief Guest was Governor Rajendra Vishwanath Arlekar, while Chief Minister Jai Ram Thakur was also there as a special guest. Himachal Pradesh Police is India’s eighth state police force to receive this honour.

About the President Colour:

‘President Colour’ is a special achievement, demonstrating that the state police ranks highly in the service of humanity, as well as performance, professionalism, integrity, human rights protection, and other factors.

Important takeaways for all competitive exams:

Himachal Pradesh Governor: Rajendra Vishwanath Arlekar;
Himachal Pradesh CM: Jai Ram Thakur.

Walmart & Flipkart signed an MoU with MP govt to support MSMEs

Walmart and its subsidiary Flipkart have signed an MoU with the Department of Micro, Small, and Medium Enterprises, Government of Madhya Pradesh to create an ecosystem of capacity building for MSMEs in Madhya Pradesh. Under this MoU, Walmart, Flipkart, and MSME Department will assist MSMEs to digitize their business and enable them to sell their products through online retail.

This initiative comes under the Walmart Vriddhi Supplier Development Programme (Walmart Vriddhi), delivered by knowledge partner Swasti, which aims to train around 50000 Indian MSMEs with business skills to become successful as suppliers to Walmart, sellers on global marketplace platforms like Flipkart. Under this programme, Walmart and Flipkart have partnered with various states including Haryana and Tamil Nadu.

Important takeaways for all competitive exams:

Madhya Pradesh Capital: Bhopal;
Madhya Pradesh Governor: Mangubhai C. Patel;
Madhya Pradesh Chief Minister: Shivraj Singh Chouhan.

India-ITU joint CyberDrill 2021 for Indian entities

International Telecommunication Union (ITU) and the Department of Telecommunications operating under the Ministry of Communications conducted a Joint Cyber Drill 2021. The cyber drill was conducted for the Critical Network Infrastructure operators of India. The Critical Network Infrastructure are the systems, assets and networks that are essential to ensure the security of a country.

What is the aim of Cyber Drill?

It aims to improve the cyber security readiness of India. Also, it aims to improve the protection and incident response capability of the country.
During the cyber drill, the cyberattacks and information security incidents were simulated. And the participants were trained to defend and respond against such incidents. Thus, the drill helped to test the cyber capabilities of an organisation.

Benefits:

The drill emphasized the role of the Computer Security Incident Response Team and Computer Incident and Response Team (CIRT). The CIRT is responsible for handling security breaches
It also strengthened India’s capability in protecting critical information infrastructure and building cyber resilience.

Important takeaways for all competitive exams:

International Telecommunication Union Headquarters: Geneva, Switzerland;
International Telecommunication Union Founded: 17 May 1865;
International Telecommunication Union Head Secretary-General: Houlin Zhao.

Renowned scholar of Bangladesh Professor Rafiqul Islam

Renowned scholar and national professor of Bangladesh Professor, Rafiqul Islam passed away. Prof. Rafiqul Islam was one of the greatest scholars on the national poet of Bangladesh Kazi Nazrul Islam. He was honoured with Swadhinta Padak and the Ekushey padak, which is the highest civilian award of Bangladesh. He was a recipient of the Bangla Academy Literary Award. He had written close to 30 scholarly books. Prof. Rafiqul Islam was currently the President of the Bangla Academy.

India, Bangladesh to celebrate Maitiri Diwas on 6 December

India and Bangladesh have decided to celebrate December 6, the day on which India formally recognized Bangladesh, as “Maitri Diwas” (Friendship Day). During the visit of PM Narendra Modi to Bangladesh in March 2021 to attend the national day of Bangladesh, it was decided to commemorate 6 December as Maitri Diwas (Friendship Day). Ten days before the liberation of Bangladesh, India had recognised Bangladesh on 6 December 1971. India was one of the first countries to establish bilateral diplomatic ties with Bangladesh.

According to the joint statement issued by the Ministry of External Affairs, Prime Minister Modi highlighted that Bangabandhu Sheikh Mujibur Rahman, one of the greatest leaders of modern times, will be remembered for his courage and indelible contribution to Bangladesh’s emergence as a sovereign country.

About the Maitri Diwas:

The Maitri Diwas is being commemorated in 18 countries around the world apart from Dhaka and Delhi. These countries are Belgium, Canada, Egypt, Indonesia, Russia, Qatar, Singapore, UK, Australia, France, Japan, Malaysia, Saudi Arabia, South Africa, Switzerland, Thailand, UAE and USA.
The holding of Maitri Diwas is a reflection of the deep and abiding friendship between the people of India and Bangladesh that have been forged in blood and shared sacrifices.

DBS revises India’s FY2023 growth forecast to 7 per cent

The Singapore-based DBS Bank’s economic research team has revised India’s FY23 growth forecast upwards to 7 per cent year-on-year (y-o-y) (CY2022 6.5 per cent) from 6 per cent earlier. The DBS team assessed that into FY23, beyond the thrust from reopening gains, precautionary savings and sectoral normalisation to pre-pandemic levels, Capex generation is likely to be the next driver in raising and maintaining growth on a higher plane.

Cyclone Jawad to hit Odisha, Andhra and West Bengal

The low-pressure area in the Bay of Bengal is expected to intensify into Cyclone Jawad which is likely to reach the north Andhra Pradesh, south Odisha coasts and Some parts of West Bengal. The storm, once developed, will be called Jawad (pronounced Jowad), as named by Saudi Arabia. After Yaas in May and Gulab in September, this will be the third cyclone headed towards the east coast this year.

A rotational list of the names of cyclones is maintained by the World Meteorological Organisation (WMO), with the names specific for each tropical zone. If a cyclone is especially deadly then its name is never used and is replaced by another name. The list has a total of 169 names at present which will be used on a rotational basis.

Important takeaways for all competitive exams: