Daily Current Affairs: December 2, 2020

Daily Current Affairs (December 2, 2020) 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 Computer Literacy Day- December 2:

  • World Computer Literacy Day is observed on December 2 every year to promote digital literacy about computers and technology and to reduce digital division in the world. The day was originally founded by the Indian computer company NIIT to mark its 20th anniversary in 2001.

International Day for the Abolition of Slavery- December 2:

  • International Day for the Abolition of Slavery is observed annually on 2nd December since 1986 by the United Nations General Assembly.
  • This day focuses on eliminating present-day forms of slavery, such as trafficking in persons, sexual exploitation, child labour, forced marriage, and the pressurized recruitment of children for use in the armed rivalry.

National Pollution Control Day- December 2:

  • National Pollution Control Day is observed every year on December 2. The say is to commemorate the life of people lost in the unfortunate incident of Bhopal Gas Tragedy that occurred in the year 1984 on the night of 2–3 December. This year marks the 36th anniversary of the Bhopal Gas Tragedy.

National News:

India signs $133 million loan agreement with ADB to strengthen power distribution sector in Meghalaya:

  • Asian Development Bank (ADB) and the Government of India signed a $132.8 million loan agreement to strengthen the power distribution system of Meghalaya.
  • The loan amount will be used to modernize the distribution network and improve the quality of power supplied to households, industries, and businesses in India’s northeastern state of Meghalaya.


  • Capital: Shillong
  • Chief Minister: Conrad Sangma
  • Governor: Satya Pal Malik.

India to have 5G subscriptions by 2026:

  • India has the highest average monthly mobile data traffic per smartphone, is expected to surpass 350 million 5G subscriptions by 2026, accounting for 27% of all mobile subscriptions in the country, according to a report by Swedish telecom equipment maker Ericsson.
  • Ericsson has forecast global 5G subscriptions by the end of 2020 at 220 million as telecom service providers continue to build and develop their networks.

PM Narendra Modi virtually attends 8th Convocation of Pandit Deendayal Petroleum University in Gandhinagar, Gujarat:

  • Prime Minister Narendra Modi Virtually addressed the students on 8th Convocation day of Pandit Deendayal Petroleum University, Gandhinagar, Gujarat. 
  • Prime Minister also laid the foundation stone of ‘45 MW Production Plant of Monocrystalline Solar Photo Voltaic Panel’ and ‘Centre of Excellence on Water Technology’.


  • Capital: Gandhinagar
  • Chief Minister: Vijay Rupani
  • Governor: Acharya Devvrat
  • National Park: Blackbuck NP, Vansda NP, Gir Forest NP, Marine NP, Gulf of Kutch.

Rajasthan CM Ashok Gehlot inaugurates India’s first “Organ donor Memorial” in Jaipur:

  • Rajasthan Chief Minister Ashok Gehlot inaugurated the country’s first Organ Donor Memorial in Jaipur, on National Organ Donation Day (November 27).
  • The organ donor memorial has been built near SMS Hospital by the Mohan Foundation Jaipur Citizens Forum and the Jaipur Municipal Corporation.


  • Capital: Jaipur
  • Chief Minister: Ashok Gehlot
  • Governor: Kalraj Mishra.

Uttarakhand Chief Minister Trivendra Singh Rawat Inaugurates Suryadhar Lake in Dehradun:

  • Uttarakhand Chief Minister Trivendra Singh Rawat inaugurated the Suryadhar lake at Doiwala in Dehradun, Uttarakhand. The Suryadhar lake is located at the tri-junction of Haridwar, Rishikesh and Dehradun, and has been built at a cost of Rs 50.25 crore.
  • The lake is 550 metres long, 28 metres wide and 10 metres deep with a capacity of 77,000 cubic metres.


  • Capital: Gairsain (summer capital), Dehradun (winter capital).
  • Chief Minister: Trivendra Singh Rawat
  • Governor: Baby Rani Maurya.
  • National Parks- Corbett NP, Gangotri NP, Govind PashuVihar NP, Nanda Devi NP, Rajaji NP, Valley of Flowers NP.

West Bengal launches massive ‘Duare Sarkar’ outreach campaign ahead of 2021 assembly Election:

  • West Bengal Chief Minister Mamata Banerjee has launched a massive outreach programme ‘Duare Sarkar’ (government at doorsteps) to ensure that people avail the benefits of 11 state-run welfare schemes and also to hear out their grievances related to the programmes.
  • The campaign will be conducted in four phases, with slogan ‘jar jekhane darkar, asche apnar duare sarkar’ (the government will be at your doorsteps whenever you need it).

West Bengal:

  • Capital: Kolkata
  • Chief Minister: Mamata Banerjee
  • Governor: Jagdeep Dhankhar
  • National Park (NP): Buxa NP, Gorumara NP, Neora Valley NP, Jaldapara NP, Singalila NP, Sundarbans NP.

International News:

Singapore Becomes First Country to Approve Sales of Lab-Grown Meat:

  • Singapore has become the first country to approve sales of cultured chicken after the National Food Agency determined that it is safe for consumption, The Straits Times reported. 
  • Cultured meat is produced via cell culture, instead from slaughtered animals.
  • The first-in-the-world regulatory allowance of real, high-quality meat created directly from animal cells for safe human consumption paves the way for a forthcoming small-scale commercial launch in Singapore.


  • Capital: Singapore City
  • Currency: Singapore Dollar
  • President: Halimah Yacob
  • Prime Minister: Lee Hsien Loong
  • Deputy Prime Minister: Heng Swee Keat.

Banking and Economy:

OECD cuts India’s FY21 GDP contraction rate to 9.9% from 10.2% earlier:

  • Organization for Economic Co-operation and Development (OECD) has raised prospects of India’s economy by pegging contraction at 9.9 per cent from 10.2 per cent it projected in September.
  • OECD expects the GDP to rebound to 8% in 2021-22 (FY22) and 5% in 2022-23 (FY23). OECD expects the world GDP to contract 4.2% from 4.5 % in 2020.

S&P retains India’s GDP forecast at 9% contraction for 2020-21:

  • S&P Global Ratings retained its forecast of 9 per cent contraction in the Indian economy for the current fiscal (FY-21). S&P report on Asia Pacific, projected the Indian economy to grow at 10 per cent in the next fiscal year.

Acquisitions and Mergers:

Indian Bank signs pact with SIDBI for Asset Restructuring Module for MSMEs:

  • Indian Bank has entered into an agreement with Small Industries Development Bank of India (SIDBI) to use the latter’s asset restructuring module for MSME borrowers. The Partnership has launched Asset Restructuring Module for MSMEs-Micro, Small & Medium Enterprises (ARM-MSMEs) in other words Do-It-Yourself (DIY) web module.
  • The module enables MSMEs to prepare their restructuring proposals / financial viability assessments by themselves and submit to the bank. MSMEs can use this module free of cost.
  • Indian Bank has also introduced an online training programme “MSME Prerana” to train the MSMEs in basic accounting, maintenance of books of accounts and government/bank schemes meant for MSMEs.

Indian Bank:

  • Headquarter: Chennai, Tamil Nadu
  • MD and CEO: Padmaja Chunduru
  • Tagline: “Your Own Bank”
  • Allahabad Bank amalgamated with Indian Bank from April 1, 2020.

Agricultural Finance Corporation of India join hands with HexGn to promote 1,000 agri-tech start-ups:

  • Consulting firm HexGn and AFC (Agricultural Finance Corporation Ltd) India have joined hands to promote agriculture-related entrepreneurship in India and aim to promote 1,000 agritech start-ups in India over the next five years.
  • AFC India Ltd is a multi-disciplinary cross-functional development organisation providing consulting, advisory and implementation support for agriculture, rural development, and other strategic socio-economic sectors in India. It is wholly owned by commercial banks, NABARD, and EXIM Bank.

Science and Technology:

India successfully test-fires Anti-ship version of Brahmos missile from Andaman and Nicobar Islands:

  • Indian Navy has successfully test-fires a naval version of the Brahmos supersonic cruise missile launched from the INS Ranvijay Rajput-class destroyer from Andaman and Nicobar Islands
  • The Missile had a strike range of 300 Kms. It was the first time that the missile was flight tested by 3 Services of the Indian Armed Forces (Army, Air Force & Navy).
  • BrahMos Aerospace is an India-Russian collaboration. It produces a supersonic cruise missile that can be launched successfully from aircraft, ships, submarines, or land platforms.
  • The INS Ranvija is armed with 8 Brahmos supersonic anti-ship missiles in aft VLS (Vertical Launching System) and four SS-N-2D Styx AShM anti-ship missiles in inclined launchers.

Pune’s GMRT becomes India’s third IEEE Milestone facility:

  • The Giant Metrewave Radio Telescope (GMRT) has been selected as an Institute of Electrical and Electronics Engineers (IEEE) Milestone facility. This is the third such IEEE Milestone recognition for an Indian contribution. 
  • The previous two Indian IEEE milestones in India (recognized in 2012) are for the pioneering work done by Sir JC Bose to demonstrate the generation and reception of radio waves in 1895, and for the Nobel prize-winning discovery by Sir CV Raman in 1928


Joe Biden names Indian American Neera Tanden as White House budget chief:

  • US President-elect Joe Biden nominated Indian American Neera Tanden as Director of Office of Management and Budget, as he announced key members of his economic team.
  • She would be the first woman of colour and first Indian American to lead the Office of Management and Budget (OMB).

Sandeep Kataria becomes first Indian to be appointed as global CEO of Bata:

  • Switzerland headquartered Footwear major Bata Shoe Organization has appointed Sandeep Kataria as the new global Chief Executive Officer (CEO). He is the first Indian to be appointed to the global role of Bata.
  • He takes over from Alexis Nasard, who has stepped down after almost five years in the role. Kataria joined Bata in August 2017 as its chief executive officer after serving as a chief commercial officer at Vodafone.

Thomas Bach re-elected the second term as President of International Olympic Committee until 2025:

  • International Olympic Committee President Thomas Bach is set to remain in office until 2025 as he will run unopposed next year for a second term.
  • Bach was first named as the organization’s president in 2013 when he was elected to an eight-year term at the 125th IOC Session in Buenos Aires by securing 49 out of 93 votes in the final round. The now 66-year-old succeeded Belgian Jacques Rogge, who served as IOC president from 2001-2013.

Centre constitutes Apex Committee for the Implementation of the Paris Agreement (AIPA) headed by R P Gupta:

  • Central Government has set up an Apex Committee for the Implementation of the Paris Agreement (AIPA) for achieving its goals under the global deal.
  • The 17-member committee comprised of members from 13 key ministries of the Union Government headed by Environment Secretary R P Gupta and the additional secretary, MoEFCC, Ravi Shankar Prasad will be the vice-chairperson.

IAS officer Varsha Joshi appointed as the Chairperson of National Dairy Development Board:

  • Senior IAS officer Varsha Joshi has appointed as the interim Chairperson of National Dairy Development Board (NDDB). She replaces Dilip Rath, whose tenure as Chairman of NDDB ended in November.
  • Joshi is an IAS officer of 1995 batch, AGMUT cadre and was the Joint Secretary (CDD), Department of Animal Husbandry and Dairying, Ministry of Fisheries, Animal Husbandry and Dairying. 

National Dairy Development Board (NDDB):

  • Headquarters: Anand, Gujarat


Lahore Tops List of World’s Most Polluted Cities, while Delhi Ranks Second: US Air Quality Index:

  • According to air pollution data released by the US Air Quality Index (AQI) Pakistan cultural capital Lahore (423 PM rating) has been ranked as the world’s most polluted city.
  • New Delhi came in second with a PM of 229, while Nepal’s capital Kathmandu ranked the third-worst city with a PM of 178.

India recorded the largest reduction in malaria cases in South-East Asia from 2000-2019; WHO Report:

  • According to World Health Organisation (WHO) report, India made “Strong Progress” in the fight against malaria, recording the largest reduction in cases in South-East Asia from 20 million in 20002019 to about 5.6 million.
  • 11 highest-burden countries – Burkina Faso, Cameroon, the Democratic Republic of the Congo, Ghana, India, Mali, Mozambique, Niger, Nigeria, Uganda and the United Republic of Tanzania – account for 70 per cent of the global estimated case burden and 71 per cent of global estimated deaths from malaria.

World Health Organisation (WHO):

  • Headquarters: Geneva, Switzerland
  • Head: Tedros Adhanom
  • Chief Scientist: Soumya Swaminathan
  • Founded: 7 April 1948.

The National University of Singapore secured the top position for 3rd consecutive year: QS Asia University Rankings 2021:

  • The Quacquarelli Symonds (QS) has announced its Asia University Rankings 2021 Asia’s higher education institutions ranking in association with King Abdulaziz University (Saudi Arabia). 
  • The National University of Singapore secured the top institution position for the third consecutive year and the Indian Institutes of Technology (IITs) Bombay, Delhi and Madras are among in the top 50 institutions in the country.

Books and Authors:

A book titled “Indian Icon: A Cult Called Royal Enfield” New Book Authored by Amrit Raj:

  • Indian journalist Amrit Raj authored his new book titled “Indian Icon: A Cult Called Royal Enfield” which maps the story of the company and the brand “Royal Enfield”, a premium homegrown brand for the global market. The book was published by Westland Books.

Sports News:

Virat Kohli beats Sachin Tendulkar to become the fastest cricketer to score 12,000 ODI runs:

  • The 32-year-old India captain Virat Kohli became the fastest cricketer to score 12,000 ODI runs, breaking a record held by legendary compatriot Sachin Tendulkar.
  • Virat Kohli reaches this landmark in his 242nd innings followed by Sachin Tendulkar (300), Ricky Ponting (314), and Kumar Sangakkara (336).

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