Latest Current Affairs For Sunday 5th December, 2021

India's Ananya Bansal wins Silver at Asia Youth Paralympic Games in Bahrain

India's Ananya Bansal won the country's first silver medal in shotput in the F-20 category at the Asia Youth Paralympic Games in Manama, Bahrain.

Ananya Bansal is an athlete with an intellectual impairment.

Deepa Malik, the President of the Paralympic Committee of India lauded Ananya for her performance in the showpiece event.

Former Andhra Pradesh CM Konijeti Rosaiah passes away in Hyderabad

Former Governor of Tamil Nadu and former Chief Minister of the unified State of Andhra Pradesh Konijeti Rosaiah (89-years) passed away in Hyderabad.

Rosaiah had served as MLA, MLC, Lok Sabha members.

He held several key portfolios including finance, transport, energy in the cabinets headed by Kotla Vijayabhaskhara Reddy, Channa Reddy and YS Rajasekhara Reddy.

DRI celebrates 64th Founding Day today

Union Minister Smt. Nirmala Sitharaman inaugurated the DRI’s 64th Founding Day celebrations in New Delhi.

She unveiled 'Smuggling in India Report 2020-21'.

The report highlights the performance of DRI over the last year and captures issues related to national security, foreign trade policy, gold smuggling, environmental violations, narcotics, import and export frauds, violations of allied Acts, international cooperation, public health and safety.

Indian Navy Day : 4th December

The Indian Navy Day is observed on December 4 every year to recognise the efforts and achievements of the Indian Navy in Operation Trident conducted during the Indo-Pakistan war in 1971.

The Indian Navy was established in 1612 by the East India Company.

This year, the Navy plans to celebrate the theme Swarnim Vijay Varsh to celebrate the 50th anniversary of India’s victory in the 1971 war.

Ratan Tata to get Assam's highest civilian award

Assam government will confer its highest civilian award ‘Assam Baibhav’ on Tata Trusts' chairman Ratan Tata for his contribution towards building cancer treatment facilities in the state.

Earlier known as ‘Assam Ratna’, the award was renamed as ‘Assam Baibhav’ by the Sarma-led government in September this year.

The Assam government and Tata Trust are collaborating for setting up 19 Cancer Care Units in the state.

ADB approves $500-million loan to improve quality of school education

The Asian Development Bank (ADB) approved a $500 million loan to the Government of India to help improve the quality of the country’s school education and mitigate the impact of the Covid-19) pandemic on students’ learning. 

About 1,800 government schools will be transformed into exemplar schools in Assam, Gujarat, Jharkhand, Tamil Nadu, and Uttarakhand. 

The loan will help scale up foundational learning for primary students and enhance the relevance of secondary education. 

PhonePe offers health insurance for first-time buyers

Digital payments major PhonePe has launched a health insurance plan, Health@999, for first-time health insurance buyers.

The product has a three-step process requiring users to share information such as name, age, gender, and email ID to buy the policy.

The plan will cover expenses including in-patient and ICU hospitalisation, daycare procedures, Ayush treatment, and ambulance charges.

The cashless network for the plan stretches across 7,600 hospitals in the country.

Gita Gopinath to become IMF's First Deputy Managing Director

Indian-American Gita Gopinath is set to become  International Monetary Fund (IMF’s) First Deputy Managing Director.

She will become the second-ranking official, replacing First Deputy Managing Director Geoffrey Okamoto who plans to leave the Fund early next year.

Gopinath has served as the IMF’s chief economist for three years.

She was scheduled to return to her academic position at Harvard University in January 2022.

IMF member countries: 190

MD: Kristalina Georgieva

PM Narendra Modi to be awarded prestigious Lokmanya Tilak Award 2023

The Tilak Smarak Mandir Trust (Hind Swaraj Sangh) would confer the prestigious Lokmanya Tilak National Award 2023 to Prime Minister Narendra Modi in Pune on August 1, 2023.

Reason: This award recognizes PM Modi's supreme leadership under which India has climbed the ladder of progress

It is presented annually on the occasion of Lokmanya Tilak's death anniversary.

Other awardees: Indira Gandhi, Atal Bihari Vajpayee, Sharad Pawar, Cyrus Poonawalla, and Manmohan Singh. 

J&K Bank wins award for Best Performance in CASA

Jammu & Kashmir Bank has been felicitated for the Best Performance in CASA-India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022.

The event was participated by banks from India, Nepal, Bhutan, Bangladesh, Sri Lanka & Myanmar.

The function was organized by the Indian Chamber of Commerce in Goa.

Indian Chamber of Commerce (ICC) is a non-governmental trade association and advocacy group headquartered in Calcutta.

India poised to become world’s 2nd-largest economy by 2075: Goldman Sachs

According to the Investment Bank Goldman Sachs, India is poised to become the world’s second-largest economy by 2075.

As per the report, India would cross Japan, Germany, and the US With a population of 1.4 billion people.

India’s GDP is estimated to expand remarkably, reaching 52.5 trillion dollars surpassing the US GDP projection.

The labour force participation set to make India the second-largest economy in the world by 2075.

L&T and Spain's Navantia sign agreement for submarine project

L&T has signed a teaming agreement with Spanish-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.

P75 (India) Submarine Project is expected to be valued at €4.8 billion.

Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines.

The first S80 class submarine was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy. 

India overtakes China as most attractive emerging market for investing

According to a study by Invesco Global Sovereign Asset Management, India has overtaken China to become the most attractive emerging market for investing in sovereign wealth funds this year.

Reason: This is due to its solid demographics, political stability, and proactive regulation. 

Positives for the nation also include the rapidly expanding demography, strong regulatory actions, and a welcoming climate for sovereign investors.

World Population Day 2023: 11 July

World Population Day is observed every year on July 11 in order to raise awareness about global population issues, including population control.

2023 theme: Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities. 

It was established by the United Nations Development Programme (UNDP) in 1989, after the day the world approximately reached a population of five billion, which was observed on 11 July 1987.

MoHUA conducts SBM-U 2.0 Planning & Implementation Review-cum-Workshop

The Housing Ministry organized a review-cum-workshop to evaluate and accelerate the planning and implementation of the SBM-Urban 2.0.

PM Modi launched the 2.0 versions of SBM-U and AMRUT on October 1, 2021.

SBM-U 2.0: Achieving 100% waste segregation in all households and premises and 100% door-to-door collection of segregated waste from each. 

AMRUT 2.0: To provide complete coverage of water supply to all households and sewerage and septage in 500 AMRUT cities. 

Gujarat CM launches pilot project of ‘Antyodaya Shramik Suraksha Yojana’

Gujarat CM Bhupendra Patel launched the Antyodaya Shram Suraksha Accident Insurance Scheme from Kheda

All those registered under the e-Shram portal from Nadiad will benefit from the scheme.

It is being implemented through the Indian Postal Department, the IPPB, and the Ministry of Labour and Employment.

Under this scheme, insurance with a premium of Rs. 289 and Rs. 499 per year will be a big support to workers in the event of death or partial disability.

OCA elects Sheikh Talal as the new President

Kuwait’s Sheikh Talal Fahad Al Ahmad Al Sabah has been elected as the new President of the Olympic Council of Asia (OCA).

He replaced his older brother Sheikh Ahmad Al-Fahad Al-Sabah, who led the OCA for 30 years until 2021.

The OCA was founded in 1982 by his father Fahad Al-Ahmed Al-Jaber Al-Sabah, who led it until 1990.

The Olympic Council of Asia (OCA) is a governing body of sports in Asia, currently with 45 member National Olympic Committees.

Bajaj Allianz Life Insurance wins Insurer Innovation Award 2023

Bajaj Allianz Life Insurance has won the Insurer Innovation Award 2023 for the APAC region at the 8th World Digital Insurance Awards, hosted by TDI - The Digital Insurer.

Recognition: Bajaj Allianz Life's ground-breaking WhatsApp Conversational Platform - empowering customers to digitally services their policies seamlessly. 

The award entries were shortlisted by industry experts and the winner was selected by the community through pre-voting and live event voting.