02nd December, 2021 – Daily News

Topics covered – 9th ‘International Tourism Mart for the North East Region’ , 40th edition of the India International Trade Fair , Scheme for Investment Promotion , Dam Safety Bill, 2019 , The Tamil Nadu Centre of Advance Manufacturing (TANCAM) , Hornbill festival , Forum of Indian Professionals in South China , 5th Indian Ocean Conference , Cooperation Afloat Readiness and Training (CARAT) maritime exercise , Worldwide Cost of Living 2021 index, Global Trade Outlook Report- November 2021 Update., FIRST Private Infinite – India’s first-ever standalone metal debit card, brand ambassador for ‘50 Years of Arunachal Pradesh’ celebration, Chairman of India Tourism Development Corporation, president of Honduras, Border Security Force’s (BSF) Raising Day , National Pollution Control Day , ‘Naoroji: Pioneer of Indian Nationalism’ book , 7th Dr M S Swaminathan Award , World Athletics Awards 2021.

Bulletins

  1. Ministry of Tourism organised the 9th ‘International Tourism Mart for the North East Region’ at Kohima, Nagaland.
  2. 40th edition of the India International Trade Fair was held at Pragati Maidan, New Delhi on the theme of ‘Aatmanirbhar Bharat’.
  3. The Central government has approved the continuation of the Scheme for Investment Promotion (SIP) for five years (2021-26) with a financial outlay of Rs 970 crore.
  4. Dam Safety Bill, 2019 has been recently passed by Rajya Sabha.
  5. Walmart and its subsidiary Flipkart have signed an MoU with the Madhya Pradesh govt for training MSMEs.
  6. Dassault Systèmes (French company) has signed an MoU with Tamil Nadu Industrial Development Corporation to establish The Tamil Nadu Centre of Advance Manufacturing (TANCAM) at the TIDEL Park, Chennai.
  7. Hornbill festival was held in Naga Heritage Village at Kisama in Nagaland, on the occasion of Nagaland Statehood Day (December 1).
  8. India’s Consulate General in Guangzhou has organized a Forum of Indian Professionals in South China (FIPSC) in Shenzhen to connect the Indian professionals in Southern China.
  9. 5th Indian Ocean Conference will be held in Abu Dhabi, UAE.
  10. Bangladesh Navy and USA will hold the 27th edition of their annual Cooperation Afloat Readiness and Training (CARAT) maritime exercise in the Bay of Bengal.
  11. US Singer Rihanna has been declared as national hero by Barbados govt.
  12. Economist Intelligence Unit (EIU) has released the Worldwide Cost of Living 2021 index.
  13. UNCTAD has released its Global Trade Outlook Report- November 2021 Update.
  14. DBS India has introduced a paperless and digital solution for the financing of domestic invoices by buyers and sellers.
  15. RBI has appointed a 3-member advisory committee, including Sanjeev Nautiyal, Srinivasan Varadarajan, and Praveen P Kadle, to assist Reliance Capital administrator Nageswara Rao Y in starting the insolvency process of the NBFC.
  16. IDFC FIRST Bank has launched FIRST Private InfiniteIndia’s first-ever standalone metal debit card – in partnership with Visa.
  17. According to the National Statistics Office (NSO), the GDP growth rate in the second quarter of FY22 (July – Sept) was 4%.
  18. IIT Madras incubated startup GUVI has appointed Indian women’s cricketer Smriti Mandhana as its brand ambassador.
  19. Arunachal Pradesh government has appointed Bollywood actor Sanjay Dutt as the brand ambassador for ‘50 Years of Arunachal Pradesh’ celebration.
  20. Sambit Patra (BJP national spokesperson) has been appointed as the Chairman of India Tourism Development Corporation (ITDC).
  21. Xiomara Castro has been appointed as the first woman to be elected president of
  22. Border Security Force’s (BSF) Raising Day is celebrated on December 1.
  23. National Pollution Control Day is observed on December 2 in India to observe the 1984 Bhopal Gas Tragedy.
  24. ‘Naoroji: Pioneer of Indian Nationalism’ book – authored by Dinyar Patel – has won the Kamaladevi Chattopadhyay NIF Book Prize 2021.
  25. V Praveen Rao (Vice-Chancellor of Professor Jayashankar Telangana State Agricultural University) has won the 7th Dr M S Swaminathan Award for the period 2017-19.
  26. World Athletics Awards 2021 have been announced.
  27. Sirivennela Seetharama Sastry, a well-known Telugu lyricist, has passed away.

Table of Content

National News

  1. Ministry of Tourism organised the 9th ‘International Tourism Mart for the North East Region’ at Kohima, Nagaland.
      • This is the first time for Nagaland to host this Mart.
  2. 40th edition of the India International Trade Fair was held at Pragati Maidan, New Delhi on the theme of ‘Aatmanirbhar Bharat’.
      • Bihar was the partner state in the IITF and Uttar Pradesh & Jharkhand were the focus states.
      • Bihar’s pavilion won the gold award, Assam’s pavilion won the silver award, and Kerala’s pavilion got bronze.
  3. The Central government has approved the continuation of the Scheme for Investment Promotion (SIP) for five years (2021-26) with a financial outlay of Rs 970 crore.
      • SIP is a centrally sponsored scheme, launched in November 2008, to promote foreign direct investment into India.
      • Implementing agency is DPIIT-Department for Promotion of Industry and Internal Trade.
      • The scheme comprises a number of components and activities for the promotion of investment into the country; enhancing international co-operation for promoting FDI and capacity building.
  4. Dam Safety Bill, 2019 has been recently passed by Rajya Sabha.
      • Coverage – All dams which are 15 meters high and dams between 10 – 15 meters with conditions applied will be supervised under this bill.
      • The bill provides for the constitution of the following bodies –
National Committee on Dam Safety (NCDS)
• Chair – Head of the Central Water Commission
• Total members – 20 (excluding Chairman)
o 10 from central govt
o 7 from state govt
o 3 experts in the field of dam safety
• Purpose – to frame policies for dam safety standards.
• Functions – Large dams (located or operated by two or more states) will be under the jurisdiction of this body.
National Dam Safety Authority (NDSA)
• Chair – Additional Secretary Rank personnel
• Purpose – to implement the policies framed by NCDS
• Functions – for providing technical assistance to State Dam Safety Organisations (SDSOs), and resolving matters between SDSOs of states or between a SDSO and any dam owner in that state.
• It will also provide accreditation to various dam-related inspection agencies.
State Committee on Dam Safety (SCDS)
• Purpose – It will supervise state dam rehabilitation programs, review the work of the State Dam Safety Organisations (SDSOs), and review the progress on measures recommended in relation to dam safety, among others.
State Dam Safety Organisations (SDSOs)
• Purpose – SDSO’s functions include keeping perpetual surveillance, inspecting, and monitoring dams.

Note: The Bill gives powers to the Central Govt to amend the functions of the SCDS and SDSO.

    • The bill also has a provision for the ‘extended producer’s responsibility’ (EPR).
      • Under the EPR, dam constructors / owners will be responsible for safe construction, operation, maintenance and supervision of a dam.
      • Dam owners need to create a dam safety unit in each dam.
    • Number of Dams in India – There are around 5,700 large dams in the country, of which about 80% are already over 25 years old. Nearly 227 dams that are over 100 years old are still functional

State News

  1. Walmart and its subsidiary Flipkart have signed an MoU with the Madhya Pradesh govt for training MSMEs.
      • They will train MSMEs to digitize their business and sell their products online.
      • This MoU is a part of the Walmart Vriddhi initiative, which aims to train 50,000 Indian MSMEs to become efficient suppliers of Walmart.
  2. Dassault Systèmes (French company) has signed an MoU with Tamil Nadu Industrial Development Corporation to establish The Tamil Nadu Centre of Advance Manufacturing (TANCAM) at the TIDEL Park, Chennai.
      • TANCAM is a first of its kind Centre of Excellence (CoE) in India for aerospace, defence, automotive and electric vehicles industry.
      • It will provide a dedicated IT engineering ecosystem to support the Micro, Small & Medium Enterprises (MSME) sector and students across Tamil Nadu.
      • The TANCAM Startup Cell and Dassault Systèmes’ 3DEXPERIENCE Lab will collaborate for developing the innovative ecosystem.
  3. Hornbill festival was held in Naga Heritage Village at Kisama in Nagaland, on the occasion of Nagaland Statehood Day (December 1).

International News

  1. India’s Consulate General in Guangzhou has organized a Forum of Indian Professionals in South China (FIPSC) in Shenzhen to connect the Indian professionals in Southern China.
  2. 5th Indian Ocean Conference will be held in Abu Dhabi, UAE.
      • Theme – Indian Ocean: Ecology, Economy, Epidemic
      • Organizers – RSIS Singapore, Institute of National Security Studies, Sri Lanka, and the Emirates Centre for Strategic Studies and Research, UAE
  3. Bangladesh Navy and USA will hold the 27th edition of their annual Cooperation Afloat Readiness and Training (CARAT) maritime exercise in the Bay of Bengal.
  4. US Singer Rihanna has been declared as national hero by Barbados govt.

Get Past Year Papers, PDFs, Mocks, Topper Strategies, Current affairs all for free Now!

Reports & Indices

  1. Economist Intelligence Unit (EIU) has released the Worldwide Cost of Living 2021 index.
      • Total – 173 cities
      • Top (Most Expensive City) – Tel Aviv (Israel), following by Paris and Singapore at the 2nd place
      • Bottom (Least Expensive City) – Damascus (Syria)
      • From India, Ahmedabad is among the least expensive cities of the world.
  2. UNCTAD has released its Global Trade Outlook Report- November 2021 Update.
      • As per this report, international trade hit a record high of $5.6 trillion in the 3rd quarter of 2021 (FY22).
      • The report projects the global trade to reach $28 trillion cumulatively in FY22.
        • This is an increment of 23% in comparison to 2020, and 11% in comparison to pre-pandemic levels.
      • However, this growth is uneven among countries and sectors. Also, the trade outlook for FY22 remains uncertain.

Banking & Economy

  1. DBS India has introduced a paperless and digital solution for the financing of domestic invoices by buyers and sellers.
      • This industry-first solution eliminates the need for presenting physical documents for movement of goods and trading.
  2. RBI has appointed a 3-member advisory committee, including Sanjeev Nautiyal, Srinivasan Varadarajan, and Praveen P Kadle, to assist Reliance Capital administrator Nageswara Rao Y in starting the insolvency process of the NBFC.
      • The committee has been formed on the lines of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019.
  3. IDFC FIRST Bank has launched FIRST Private InfiniteIndia’s first-ever standalone metal debit card – in partnership with Visa.
      • FIRST Private Infinite is a lifetime free card designed specifically for customers who are part of the Bank’s FIRST Private program.
      • FIRST Private program offers banking and investment experience to customers and comes with a range of exceptional investment, banking, lifestyle and wellness benefits.

GDP Forecasts

  1. According to the National Statistics Office (NSO), the GDP growth rate in the second quarter of FY22 (July – Sept) was 4%.
GDP Growth Rate Chart

Appointments

  1. IIT Madras incubated startup GUVI has appointed Indian women’s cricketer Smriti Mandhana as its brand ambassador.
      • GUVI is India’s first vernacular Ed-tech Startup to impart tech & programming skills to aspiring individuals in their preferred native languages.
  2. Arunachal Pradesh government has appointed Bollywood actor Sanjay Dutt as the brand ambassador for ‘50 Years of Arunachal Pradesh’ celebration.
      • Arunachal Pradesh came into existence as a Union Territory of India on 20th January 1972.
      • On February 20, 1987, Arunachal Pradesh, along with Mizoram, received its statehood.
  3. Sambit Patra (BJP national spokesperson) has been appointed as the Chairman of India Tourism Development Corporation (ITDC).
  4. Xiomara Castro has been appointed as the first woman to be elected president of Honduras.
First Woman President

Important Days

  1. Border Security Force’s (BSF) Raising Day is celebrated on December 1.
      • It was raised on December 1, 1965.
      • The celebrations for 2021 are being held in Jaisalmer, Rajasthan.
      • Motto of BSF – Duty Unto Death
  2. National Pollution Control Day is observed on December 2 in India to observe the 1984 Bhopal Gas Tragedy.

Awards

  1. ‘Naoroji: Pioneer of Indian Nationalism’ book – authored by Dinyar Patel – has won the Kamaladevi Chattopadhyay NIF Book Prize 2021.
      • The book is a biography of Dadabhai Naoroji, one of the founders of the Indian National Congress.
      • The award – instituted in 2018 – is given by the New India Foundation, in the honour of freedom fighter Kamaladevi Chattopadhyay.
      • The award is given to high-quality non-fiction literature on modern and contemporary India from writers of all nationalities published in the previous calendar year.
  2. V Praveen Rao (Vice-Chancellor of Professor Jayashankar Telangana State Agricultural University) has won the 7th Dr M S Swaminathan Award for the period 2017-19.
      • Reason – his contributions in the fields of ‘agricultural research, teaching, extension and administration’.
      • This M S Swaminathan Award was instituted in 2004 in the honour of Dr M.S. Swaminathan – the mastermind behind India’s Green Revolution. The award is given for outstanding contributions to agricultural research and development.
  3. World Athletics Awards 2021 have been announced.
      • World Athletes of the Year Elaine Thompson-Herah (Jamaica) and Karsten Warholm (Norway)
      • Woman of the Year Award – Anju Bobby George from India

Miscellaneous

  1. Sirivennela Seetharama Sastry, a well-known Telugu lyricist, has passed away.

Start Quiz of 02nd December 2021

Q.1) What is the criteria for assessing large dams under the Dam Safety Bill, 2019?
Q.2) Which of the following states has organized the 9th edition 'International Tourism Mart for the Northeast Region' for the first time?
Q.3) Which state has won the gold award at the 40th edition of the India International Trade Fair for its pavilion?
Q.4) What is the outlay of Scheme for Investment Promotion (SIP) for five years (2021-26)?
Q.5) With which state has Walmart and its subsidiary Flipkart signed an MoU for training MSMEs to digitize their business and sell their products online?
Q.6) Which country hosted the 5th Indian Ocean Conference?
Q.7) Which is the most expensive city in the world, as per EIU’s Worldwide Cost of Living 2021 index?
Q.8) What is the projection for FY22 global trade in value terms by the UNCTAD’s Global Trade Outlook Report- November 2021 Update?
Q.9) When is the BSF Raising Day celebrated?
Q.10) Who has won the 7th Dr M S Swaminathan Award for the period 2017-19?
CEO of Anujjindal.in


About Anuj Jindal

━━━━

Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 4 years of experience in the field of Education.

Get Past Year Papers, PDFs, Mocks, Topper Strategies, Current affairs all for free Now!

0 Comments