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.
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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