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Sunday, December 4, 2022

Daily GK Update- 4th Dec, 2022

 

NATIONAL UPDATES:

1. 'Divya Kala Mela' started on Kartavya Path:Union Minister for Social Justice and Empowerment, Dr. Virendra Kumar has inaugurated the Divya Kala Mela in Kartavya Path at India Gate, Delhi The Divya Kala Mela was started on 2nd and will continue till 7th December.  Aim: To provide a great platform for the products and craftsmanship of Divyang artisans, craftsmen and artisans from across the country. The four finance corporations under this ministry, NHFDC, NBCFDC, NSFDC and NSKDFC will provide financial assistance Union Minister for Social Justice and Empowerment Dr. Virendra Kumar inaugurates the Divya Kala Mela in Kartavya Path at India Gate, Delhi. Minister of State for Social Justice and Empowerment Sushri Pratima Bhowmik was also present on the occasion. The Divya Kala Mela will be held from 2nd to 7th December and it’s aims to provide a great platform for the products and craftsmanship of Divyang artisans, craftsmen and artisans from across the country. On this occasion, Union Minister for Social Justice and Empowerment Virendra Kumar said that the objective of the fair is to bring self-reliance in the lives of Divyangjan, he said that this type of event will provide a big platform to the Divyangjans as well as display and sale of their products and in future Will also provide an opportunity to connect with big businessmen. With this, he said that Divya Kala Mela will now be organized across the country. The four finance corporations under this ministry, NHFDC, NBCFDC, NSFDC and NSKDFC k provide financial assistance under term loan schemes and micro finance schemes to the artisans through various channel partners.

2. Spocto Introduces India’s First Debt Collection Innovation Lab: The world’s leading full-stack debt support and risk mitigation platform has inaugurated India’s first Innovation Lab (SIL) dedicated to the debt collection segment of banking industries in India and the Middle East. Through an expedited method, SIL is intended to speed development on disruptive technologies such as AI/ML, big data, data security, and so on. SIL is working with all participants in the collecting ecosystem to prepare for the future by taking a digital-first strategy. Spocto will also promote digitalization in the collections ecosystem by leveraging technology that provide hyperpersonalization and data-driven solutions to improve repayments. The ideas will be finalised in cooperation with a ‘borrower’ focus group comprised of persons from various demographics. Because SIL will collect input from both the borrower and lender sectors, spocto hopes to cut the default rate by 10 per cent by 2025.

 

3.  4 December 2022 – Indian Navy Day:Indian Navy Day is celebrated every year on 4 December to recognize the role and achievements of the Indian Navy. It also commemorates the launch of Operation Trident in the Indo-Pakistan War in 1971.On December 3, 1971, Pakistan launched an offensive on Indian airbases during the India-Pakistan war.In response, the Indian Navy launched Operation Trident and sent three  missile boats — Nirghat, Veer and Nipat — towards Pakistan’s Naval headquarters in Karachi at maximum speed.

 

 

 

INTERNATIONALUPDATES:

 

1. Pakistan tops list of nations at risk of violence: Report: According to the US think-tank 'Early Warning Project' (EWP) report, For the third time in a row, Pakistan has topped the list of countries at the highest risk of experiencing mass killings. While, Yemen and Myanmar in placed second and third spots respectively in the list. Afghanistan and India were placed in the seventh and eighth spots respectively. Syria and Iraq were placed in the 11th and 12th spots respectively and China was placed 23rd in the list.

For the third consecutive time, Pakistan has topped the list of nations at the highest risk of experiencing mass killings, according to the latest report by the US think-tank Early Warning Project, as quoted by news agency ANI.

In its 28-page report, the Early Warning Project stated that Pakistan faces multiple security and human rights challenges, including increasing violence by the Tehreek-e-Taliban Pakistan or TTP.

 

2. Global Aviation Safety Rankings:India ranked 48th; topped by Singapore: India has jumped to the 48th position in the global aviation safety ranking by the International Civil Aviation Organization (ICAO), according to the DGCA report. Four years ago, the country was ranked at the 102nd position. Singapore is at the top, followed by the UAE and South Korea at the second and third positions The Indian aviation safety has scored the highest-ever El score of 85.49 percent which puts India in the 48th spot. In 2018, India scored 69.95 percent at the 102nd rank. India has performed better than China which stands in 49th rank in the audit. Israel has been ranked 50th.

The audit was conducted in the areas of – Legislation, Organization, Personal Licensing, Operations, Airworthiness, and Aerodromes. Teams from the UN agency went to Delhi Airport; IGI Airport air traffic control; Airport Authority of India’s communication, navigation, and surveillance (CNS) wing.

 

 

OTHER UPDATES:

 

SPORTS

1. Indian Shooter Rudrankksh Patil won ISSF President’s Cup in Egypt:Indian shooter, Rudrankksh Patil (18) has clinched the ISSF President’s Cup held in Cairo, Egypt from 28th Nov to 4th Dec 2022. He has defeated Danilo Sollazzo (Italy) in the 10-metre rifle by 16-8. He had also bagged India's first quota for the 2024 Paris Olympics in October 2022. Olympian, Anjum Moudgil (world No. 4) had secured silver after losing to Anna Janssen (Germany) in the women’s 50m rifle 3 positions final. Indian shooter Rudrankksh Patil has clinched the International Shooting Sport Federation (ISSF) President’s Cup held in Cairo, Egypt. He defeated Italy’s Danilo Sollazzo in the 10-metre rifle play-off by 16-8.

 

2. Saurashtra cricket team wins 2022 Vijay Hazare Trophy:Saurashtra cricket team has defeated Maharashtra cricket team by 5 wickets in the final to win the 2022 Vijay Hazare Trophy at the Narendra Modi Stadium, Ahmedabad, Gujarat.

Awards:

·       Player of the match: Sheldon Jackson (Saurashtra ,133 runs in 135 Balls)

·       Player of the tournament: Ruturaj Gaikwad (Maharashtra, Games: 5; Runs: 660)

·       Most Runs: N Jagadeesan (TN): 830runs, 8 innings

·       Highest Score: N Jagadeesan

·       Most Fours: N Jagadeesan

·      Most Sixes: Ruturaj Gaikwad

BANKING AND FINANCE

1. RBI implements 4 tiered regulatory norms for UCB:RBI has announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs). It is based on size of deposits of the UCBs and came into force with immediate effect. The extant regulatory

framework classifies UCBs into two tiers -- Tier I and Tier II.

·       Tier 1: Deposits up to Rs 100 cr

·       Tier 2: More than Rs 100 cr and up to Rs 1,000 cr

·       Tier 3: More than Rs 1,000 cr and up to Rs 10,000 cr

·       Tier 4: More than Rs 10,000 cr\

The Reserve Bank of India (RBI) on Thursday announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs),Besides, the central bank has come out with norms pertaining to the net worth and capital adequacy of these Banks.

2. NSE Indices launches new Nifty Bharat Bond Index:NSE Indices (Subsidiary of National Stock Exchange) has launched new Index under the Nifty Bharat Bond Index series. The Bharat Bond Index series follows a target maturity date structure wherein each index in the series measures the performance of a portfolio of 'AAA' rated bonds issued by government owned entities maturing in a specific year. Nifty Bharat Bond Index — April 2033 - has been launched within the Nifty Bharat Bond Index series. Nifty Bharat Bond Index, April 2033, has been launched within the Nifty Bharat Bond Index series, according to a statement by the National Stock Exchange (NSE) released earlier this week.The Bharat Bond Index series follows a target maturity date structure wherein each index in the series measures the performance of a portfolio of 'AAA' rated bonds issued by government owned entities maturing in a specific year.

3. NPCI extends UPI market cap deadline by 2 years: The National Payments Corporation of India (NPCI) has announced that deadline for Unified Payments Interface (UPI) players to limit to a market cap of 30% has been extended by two years (December 31, 2024).The deadline given by NPCI was of December 31, 2022. In November 2022, the NPCI had proposed a 30% volume cap for third-party app providers (TPAP). Currently, there is no cap on volume of transactions and about 80% share of market hold by the private players. The National Payments Corporation of India (NPCI) on Friday announced that deadline for Unified Payments Interface (UPI) players to limit to a market cap of 30 per cent by two years to December 31, 2024.

4. World Bank provide financial aid of USD 250 million to Bangladesh:The World Bank has approved the financial aid of USD 250 million to Bangladesh to strengthen the environment management and promote private sector participation in green investment. Bangladesh Environmental Sustainability and Transformation (BEST) Project will help the country tackle key pollution issues. The project will help to construct four vehicle inspection centres using private-public partnership modality to inspect about 46,000 vehicles annually. The World Bank on Friday approved USD 250 million financing to help Bangladesh strengthen environment management and promote private sector participation in green investment. Successful implementation of the Bangladesh Environmental Sustainability and Transformation (BEST) Project will help the country tackle key pollution issues, benefitting over 21 million people living in Greater Dhaka and beyond.

AWARDS AND HONOURS

1. A book Chipko Movement won Kamaladevi Chattopadhyay NIF Book Prize 2022:The Kamaladevi Chattopadhyay NIF Book Prize 2022 has been awarded to The Chipko Movement: A People’s Movement. The book is authored by historian and activist Shekhar Pathak translated from Hindi by Manisha Chaudhry. The award is given for non-fiction on contemporary India by writers of any nationality and carries a cash award of 15 lakhs. This is the fifth iteration of the prize launched by the New India Foundation in 2018.

2. SS Rajamouli won Best Director at New York Film Critics Circle:Filmmaker SS Rajamouli won the Best Director Award for RRR at the New York Film Critics Circle. The group is one of the first critics’ groups to weigh in on the awards season. At the New York Film Critics Circle, Todd Field’s Tar has won the Best Picture of the year, also nabbing Best Actress for Cate Blanchett’s leading performance. Colin Farrell won Best Actor for two of his performances this year – After Yang and The Banshees of Inisherin.

3. International Day of Banks celebrates on 4th December: International Day of Banks is celebrated on December 4 to recognise the importance of multilateral and international development banks in financing sustainable developments. United Nations also observes the day in recognition of the vital role of banking systems in Member State in contributing to the improvement of the standard of living. The International Day of Banks was adopted by the U.N. General Assembly as a way to draw attention to the role that international development banks can play in supporting sustainable development. Banks support the international community’s goals by financing the sustainable development of member nations and providing information for achieving these goals.

 

OBITUARIES

1. Veteran documentarian, Julia Reichert passes away:Veteran documentarian, Julia Reichert, who won an Oscar in 2020 for her feature ‘American Factory,’ has been passed away at the age of 76 due to cancer. She has received four Academy Award nominations and one win, two Primetime Emmys, a Director’s Guild Award and two Peabody Awards nods. Her documentaries including: Union Maids, Seeing Red: Stories of American Communists, and The Last Truck: Closing of a GM Plant. According to Variety, a US-based news outlet, across her more than 50 years as a filmmaker, Reichert received four Academy Award nominations and one win, two Primetime Emmys, a Director’s Guild Award and two Peabody Awards nods. Her documentaries, including the Oscar-nominated “Union Maids,” “Seeing Red: Stories of American Communists,” and “The Last Truck: Closing of a GM Plant,” addressed issues of gender, class, race, and the world economy.

2. Veteran Odia, actress Jharana Das passes away: Veteran Odia actress, Jharana Das has been passed away at the age of 77 due to old age-related aliment. She was awarded the state government’s prestigious Jaydev Puraskar for her lifetime contribution to Odia film industry.  Her films - Shree Jagannath, Nari, Adinamegha, Hisabnikas, Pujafula, and Heera Nella. She had also worked as a child artist with AIR, Cuttack. She was also honoured with Guru Kelucharan Mohapatra Award for lifetime achievement in 2016.

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