NATIONAL UPDATES:
1. 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:
(1) 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.
(2) 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.
2. 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.
Note: Chief Minister of Nagaland: Neiphiu
Rio; Governor of Nagaland: Jagdish Mukhi.
3. 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.
Note: India Tourism Development Corporation
Founded: 1 October 1966; India Tourism Development Corporation Headquarters:
New Delhi.
4. Smriti
Mandhana Signed as Brand Ambassador of GUVI: Indian Institute of Technology
Madras (IIT-M) incubated startup, GUVI has signed Indian Women’s cricketer
Smriti Mandhana as its brand ambassador. As the brand ambassador of GUVI,
Smriti Mandhana will be the face of GUVI and feature across the online
campaigns of GUVI aimed to strengthen the importance and scope of technological
education & information technology (IT) skills. Key Points:
(1) She will create awareness about
technological education among everyone, especially among women.
(2) GUVI will be launching a cross-platform
campaign with Smriti Mandhana, under which GUVI will offer the most affordable
learning solutions for the youth, early professionals to develop their career
profile in the IT industry.
About the GUVI: GUVI is India’s
first vernacular Ed-tech Startup to impart tech & programming skills to
individuals in their preferred native languages (Tamil, Telugu, Hindi &
Many other Indian Languages).
INTERNATIONAL UPDATES:
1. 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.
2.
China launches new communications satellite ChinaSat 1D: China
successfully launched a new communications satellite from the Xichang Satellite
Launch Centre in southwest Sichuan Province. The satellite, ChinaSat 1D
(Zhongxing 1D) was launched by a Long March-3B carrier rocket and entered the
planned orbit successfully. Developed by the China Academy of Space Technology,
the satellite is able to provide high-quality voice, data, and radio and
television transmission services. The launch marked the 399th mission for the
Long March series carrier rockets.
OTHER UPDATES:
SPORTS
1.
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.
BANKING AND FINANCE
1.
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.
Note: 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.
2.
Paytm Payments Bank rolls out ‘Paytm Transit card’: Paytm Payments
Bank Limited announced the launch of Paytm Transit Card, keeping in mind the
vision of one nation, one card. The card will take care of users’ everyday
needs — from travel in metro, railways, state-owned bus services, toll &
parking charges, to payments at offline merchant stores, online shopping and
more. The card also enables withdrawal of money from ATMs.
BUSINESS AND ECONOMY
1.
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.
AWARDS AND HONOURS
1.
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.
Note: Bihar Capital: Patna; Bihar Governor:
Phagu Chauhan; Bihar Chief Minister: Nitish Kumar.
OBITUARIES
1. 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.
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