Daily Current Affairs: December 1, 2021

Daily Current Affairs (December 1, 2021) like many other sections is inevitable and this also helps to score in the Banking awareness, Static GK, and Financial Awareness sections. Remember, Banking Awareness, and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

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Important Days

World AIDS Day – 1 December

• World AIDS Day is observed on 1 December to raise awareness about the AIDS pandemic caused by Human Immunodeficiency Virus (HIV) infection and remember those who have died as a result of this disease.
• This day is observed since 1988.
• Theme for 2021: ‘End Inequalities. End AIDS’.

State News

Nagaland celebrates its 59^thtatehood Day on 1 December 2021

• Nagaland celebrated its 59^th Statehood Day on 1 December 2021.
• Nagaland was formally recognised as a separate state on 1 December 1963, with Kohima being declared as its capital.
• The State of Nagaland Act of 1962 was enacted by the Parliament to give statehood to Nagaland.

Nagaland 

• Capital: Kohima
• Chief Minister: Neiphiu Rio
• Governor: Jagdish Mukhi

The first Aharbal Festival was organised in Jammu and Kashmir to promote tourism

• The first-ever Aharbal Festival was organized in the Kulgam district of Jammu and Kashmir to promote tourism.
• This festival was a collaborative effort of the Kulgam district administration and the Department of Tourism of Jammu and Kashmir.

Jammu and Kashmir

• Capital: Srinagar (Summer), Jammu (Winter)
• Lt. Governor: Manoj Sinha
• National Parks: Hemis National Park, City Forest (Salim Ali) National Park, Dachigam National Park, Kishtwar National Park
• Wildlife Sanctuaries: Changthang Cold Desert Wildlife Sanctuary, Gulmarg Wildlife Sanctuary, Jasrota Wildlife Sanctuary, Baltal-Thajwas Wildlife Sanctuary, Karakoram (Nubra Shyok) Wildlife Sanctuary
• Lakes: Mansar Lake, Nagin Lake, Wular Lake, Surinsar Lake, Dal Lake

The seventh India International Science Festival 2021 is set to be held in Goa

• The seventh India International Science Festival 2021, to be held in Goa’s Panaji from 10–13 December 2021, will be organised by the Union Ministry of Earth Sciences in collaboration with the Union Ministry of Science and Technology, the Department of Atomic Energy, the Department of Space and the Government of Goa.
• The first India International Science Festival was held in New Delhi in 2015.
• The festival theme for 2021 is ‘Celebrating Creativity in Science, Technology and Innovation for Prosperous India’.

Goa 

• Capital: Panaji
• Chief Minister: Pramod Sawant
• Governor: P. S. Sreedharan Pillai
• National Park: Mollem National Park

International News

South Korea is set to get its world’s first floating city by 2025

• The world’s first floating city, which will be built off the coast of South Korea, is likely to be completed as early as 2025.
• An MoU was signed between the UN-Habitat, Republic of Korea and Oceanix to build a full-fledged floating city near the banks of Busan that can withstand floods, tsunamis and level 5 hurricanes.
• The city’s first appearance will be revealed in April 2022, with the final appearance projected in 2025. The city concept was first proposed in 2019 and addressed at a United Nations roundtable discussion in April 2019.

South Korea

• Capital: Seoul
• Currency: South Korean Won
• Prime Minister: Kim Boo-Kyum
• President: Moon Jae-In

Banking & Economy

DBS Bank India introduces an industry-first digital and paperless trade financing solution

• DBS Bank India has introduced a paperless trade financing solution for buyers and sellers to finance domestic invoicing.
• It now digitally validates the e-way bills (proof of movement of goods) to establish the genuineness of underlying trade transactions.
• The adoption of this approach has enabled DBS Bank to process transactions quicker without the need to obtain underlying physical documents.
• DBS Bank also completed its first paperless domestic trade finance transaction with Lincon Polymers Private Limited marking a significant step forward in the bank’s digital transformation.

Reserve Bank of India (RBI) appoints a three-member advisory panel for the administration of Reliance Capital Limited

• The Reserve Bank of India (RBI) has appointed a three-member advisory panel for the administration of Reliance Capital Limited.
• The members of the advisory committee include former Deputy MD of State Bank of India Sanjeev Nautiyal, former Deputy MD of Axis Bank Srinivasan Varadarajan and former MD and CEO of Tata Capital Limited Praveen P. Kadle.
• The former executive director of the Bank of Maharashtra Nageswara Rao was appointed as the committee’s administrator.

GDP Predictions

S&P Global Ratings predicts India’s GDP growth forecast at 9.5% in FY22

• S&P Global Ratings predicted India’s GDP growth forecast to 5% for the fiscal year 2021–22 (FY22).
• As a result of pandemic-related limitations, the Indian economy shrank by 3 per cent in the fiscal year 2020–21 (April 2020 to March 2021).

S&P Global Ratings

• Headquarters: New York, The United States
• Founded: 1860

Ind-Ra projects India’s GDP growth forecast at 9.4% in FY22

• India Ratings and Research (Ind-Ra) projected India’s GDP growth to touch 3 per cent in Q2 FY22 and further estimated FY22 GDP growth to be at 9.4 per cent.

India Ratings and Research (Ind-Ra)

• Headquarters: Mumbai, Maharashtra

Ranks and Indices

Tel Aviv is the world’s most expensive city 2021: Economist Intelligence Unit Report

• Tel Aviv of Israel topped the Worldwide Cost of Living Index 2021 according to a biannual report by the Economist Intelligence Unit (EIU).
• Tel Aviv has climbed up from the fifth place last year.
• Paris, which shared the first place with Hong Kong and Zurich in 2020, is now the second most expensive city in the world behind Singapore.
• Rome in Italy saw the biggest fall in the rankings.

Appointments

Airtel Payments Bank appoints Pinak Chakraborty as its Chief Information Officer

• Airtel Payments Bank has appointed Pinak Chakraborty as its Chief Information Officer (CIO).
• He served as the Head of Product Engineering (Consumer and Wallet) of PayMaya Phillippines.

Awards and Recognitions

Praveen Rao was selected for the Dr. M. S. Swaminathan Award for the term 2017-19

• The Vice- Chancellor of Prof. Jayashankar Telangana State Agricultural University (PJTSAU) , Praveen Rao was selected for the Dr. M. S. Swaminathan Award for the period 2017-19.
• This award was constituted by Retired ICAR Employees Association (RICAREA) and Nuziveedu Seeds Limited. It carries a cash price of ₹2 lakhs and a quotation.

Dinyar Patel wins the Kamaladevi Chattopadhyay NIF Book Prize for 2021

• Dinyar Patel’s biography of Dadabhai Naoroji ‘Naoroji: Pioneer of Indian Nationalism’ published by the Harvard University Press has won the fourth edition of the Kamaladevi Chattopadhyay NIF Book Prize, for 2021.
• It carries a cash award of ₹15 lakhs and was instituted by the New India Foundation.

Agreements and MoUs signed

Walmart and Flipkart signs an MoU with the Madhya Pradesh Government to train and support MSMEs

• Walmart and Flipkart will sign a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh to create a capacity-building ecosystem for micro, small & medium enterprises (MSMEs) in Madhya Pradesh.
• This initiative comes under the Walmart Vriddhi Supplier Development
• Under this partnership with the Department of Micro, Small and Medium Enterprises (MSME) of the Madhya Pradesh Government, Walmart and Flipkart will help MSMEs digitise their businesses and enable them to sell products across India through online retail.

State Bank of India signs an MoU with Usha International for empowering women entrepreneurs

• The State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with Usha International Limited (UIL) to empower women entrepreneurs by providing financial support under the joint liability group model.
• This agreement uplifts the social and economic status of women entrepreneurs by working together with UIL and SBI to make female entrepreneurs in rural areas self-reliant and provide equal opportunities to achieve economic growth and inclusion.

Science & Technology

China launches a new communication satellite named Zhongxing-1D

• China successfully launched a new communication satellite named Zhongxing-1D into space from the Xichang Satellite Launch Center in southwest China’s Sichuan province.
• This satellite was developed under the China Academy of Space Technology.
• This satellite launch marked the 399^th mission for the Long March series carrier rockets.

Obituary

Veteran Telugu film lyricist ‘Sirivennela’ Seetharama Sastry passed away

• Award-winning Telugu lyricist and Padma Shri awardee Sirivennela Seetharama Sastry passed away at the age of 66.
• He has written over 3,000 songs and has received the Nandi Award from the Andhra Pradesh Government multiple times among other awards.
• He became popular with veteran director K. Viswanath’s film ‘Sirivennela’ in 1986.

Daily CA- 1 December One-Liners

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