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Daily G.K. - Top Stories

03 Dec 2021

DAILY G.K. TEST

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INTERNATIONAL AFFAIRS

Turkey's President Erdogan Replaces Finance Minister

  • Turkish President Recep Tayyip Erdogan appointed a new Treasury and Finance Minister after Lutfi Elvan stepped down from the post as the currency has been tumbling to record lows.
  • Erdogan named Nureddin Nebati, who was deputy minister.
  • Elvan's resignation came as the Turkish lira has been plummeting to successive all-time lows over concerns about the government's economic policy, following a series of cuts in borrowing costs despite soaring inflation. The Turkish currency has lost about 40% of its value since the start of the year.

Taliban, Myanmar Military Junta Fail to Secure Seats at United Nations

  • As per reports, the United Nations Accreditation Committee did not approve the Taliban's seat along with the Myanmar Military junta at the world body.
  • The decision means that the representatives of the Islamic Emirate of Afghanistan and Military Junta will not be allowed to have seats at the 193-member world body for now.

US, Australia, UK Sign Agreement for Delivery of Nuclear-powered Submarines

  • According to United States President Joe Biden, in a bid to enhance trilateral security partnership called "AUKUS", the US, Australia and the United Kingdom have engaged in an 18-month consultation period to seek an optimal pathway for delivery of nuclear-powered submarines.
  • The agreement for the Exchange of Naval Nuclear Propulsion Information among the three countries would permit parties to communicate and exchange Naval Nuclear Propulsion Information and would provide authorization to share certain Restricted Data.
  • Pursuant to the enhanced trilateral security partnership called "AUKUS" announced earlier this year, our three governments are engaging in an 18-month consultation period to seek an optimal pathway for delivery of nuclear-powered submarines for the Royal Australian Navy at the earliest achievable date.
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BUSINESS AND ECONOMY

Dhanlaxmi Bank Part-Time Chairman G. Subramonia Iyer Submits His Resignation

  • Dhanlaxmi Bank's part-time Chairman G. Subramonia Iyer resigned, on personal grounds.
  • Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in Thrissur, Kerala.
  • Dhanlaxmi Bank Ltd was incorporated on 14 November 1927 as Dhanalakshmi Bank at Thrissur with a capital of Rs. 11,000 and seven employees. It became a Scheduled Commercial Bank in the year 1977.

OYO Appoints Former SBI Chairman Rajnish Kumar Strategic Group Advisor

  • Oravel Stays Limited (OYO) appointed State Bank of India's (SBI's) former Chairman Rajnish Kumar strategic group advisor, in an attempt to strengthen its leadership ahead of its stock market debut.
  • Kumar, who has spent over 40 years in the financial sector, will play a key role in advising OYO's management on short-term and long-term strategy, regulatory and stakeholder engagement, and enhancing the brand of the company globally.
  • Kumar, who had joined SBI as a probationary officer in 1980 retired as chairman in October 2020 after 40 years at the bank. He is credited with overseeing the mega-merger of seven banks with India's largest lender.

PhonePe Launches Health Insurance Plan for Young First-time Buyers

  • Walmart-owned digital payments firm PhonePe, announced the launch of its latest health insurance plan, Health@999 catering to young first-time health buyers. As per PhonePe, the latest offering is the first such in the Indian digital payments space and provides comprehensive health coverage at an affordable price. The highlight of the product is the simple 3-step process that only requires the user to provide details like name, age, gender, and email ID to buy the policy, eliminating the cumbersome processes new and young buyers are deterred by.
  • Health @999, at its low price point, offers coverage for hospitalization expenses including in-patient and ICU hospitalisation, daycare procedures, ambulance charges, and Ayush treatment among others. The cashless hospital network for the plan stretches across 7600 hospitals in the country. Health @999 can be availed via PhonePe instantly and comes with the lifetime renewability feature.
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SCIENCE & TECHNOLOGY

TESS Discovers a Planet the Size of Mars

  • Astronomers discovered an ultra-short-period planet (USP) that is also super light. The planet is named GJ 367 b, and it orbits its star in just eight hours. The planet is about the size of Mars, and half as massive as the Earth, making it one of the lightest planets discovered to date.
  • Orbiting a nearby star that is 31 light years from our own sun, GJ 367 b is close enough that researchers could pin down properties of the planet that were not possible with previously detected USPs.
  • The new planet was discovered by NASA's Transiting Exoplanet Survey Satellite (TESS), an MIT-led mission, of which Ricker is principal investigator. TESS monitors the sky for changes in brightness of the nearest stars. Scientists look through TESS data for transits or periodic dips in starlight that indicate a planet is crossing and briefly blocking a star's light.
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SPORTS

BWF World Tour Finals: P. V. Sindhu Sails into Semis

  • Two-time Olympic medallist and star Indian shuttler P. V. Sindhu sailed into the semi-finals of the ongoing BWF World Tour Finals.
  • Sindhu defeated German badminton player Yvonne Li in straight sets 21-10, 21-13 to seal the game. The Indian shuttler won her second group stage clash with a thumping victory.
  • The BWF World Tour Finals is the season-ending tournament of the BWF World Tour, where the top-eight players/pairs in the season's rankings are granted entry.
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NATIONAL AFFAIRS

Delhi Metro Rail Corp Gets New Director of Operations

  • The Delhi Metro Rail Corporation appointed Vikas Kumar, an Indian Railway Traffic Service officer, as the director of operations.
  • The DMRC has the largest operational metro network in the country, spanning over 390 km, and has strengthened its operation and maintenance (O&M) wing with new appointments.
  • Vikas Kumar was an officer of the 1988-batch of the Indian Railway Traffic Service.

Minister of State for Communications Releases Commemorative Postage Stamp on the Mahindra Group

  • Minister of State for Communications, Devusinh Chauhan released a commemorative postage stamp on the Mahindra Group to mark 75 years of the company. Chauhan urged the group to collaborate with the postal department to improve the delivery of social services in rural areas.
  • The commemorative stamp design features the founders of the Group- JC and KC Mahindra and is inspired by miniature art and uses a modern graphical style to illustrate the various facets of the Group. A closer look at the stamp reveals the various business and life centric activities of the Mahindra Group. In the release function a First Day Cover (FDC) and an Information Brochure were also unveiled.
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DEFENCE

BDL Gets Contract to Service IGLA Manpad

  • Bharat Dynamics Limited (BDL) and Indian Army signed a contract worth Rs. 471.41 crore for Refurbishment of IGLA - 1M missiles. After the Refurbishment, a fresh lease of life will be given to the missile for a period of ten years.
  • The company, in addition to carrying out refurbishment, deals with manufacture and supply of Guided Missiles and associated equipment, Underwater Weapon Systems, Airborne Weapon Systems, Ground Support Equipment and product life cycle support.
  • In order to give momentum to its efforts towards self-reliance, BDL has also built-up its in-house R&D capabilities primarily focusing on design and engineering activities.
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DAYS AND EVENTS

International Day of Persons with Disabilities

  • International Day of Persons with Disabilities is a global observance celebrated every year on December 3 with a motive to promote the rights and well-being of persons with disabilities in all spheres of society.
  • The annual observance of this day was proclaimed in 1992 by United Nations General Assembly resolution 47/3 with an aim to increase awareness of the issues faced by persons with disabilities in every aspect of political, social, economic and cultural life.
  • The theme for IDPD 2021 was "Leadership and participation of persons with disabilities toward an inclusive, accessible and sustainable post-COVID-19 world."
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AWARDS AND HONOURS

Infosys Prize 2021

  • Three of six winners of the Infosys Prize 2021 announced by the Infosys Science Foundation are based in Bengaluru. The prizes were awarded to the winners for their contributions to science and research in six fields - Engineering and Computer Science, Humanities, Life Sciences, Mathematical Sciences, Physical Sciences, and Social Sciences.
  • Chandrasekhar Nair, CTO of Molbio Diagnostics in Bengaluru; Mahesh Sankaran from the National Centre for Biological Sciences (NCBS) in Bengaluru; and Neeraj Kayal of Microsoft Research lab, Bengaluru were among the winners.
  • The award comprises a pure gold medal, a citation, and a prize-purse of USD 100,000, tax-free in India.

Nizamuddin Basti Project Gets Two UNESCO Heritage Awards

  • The UNESCO presented two Heritage Awards to the Nizamuddin Basti Project. The project was awarded for its conservation efforts. It was awarded with the Special Recognition for Sustainable Award and Award of Excellence.
  • The project restored more than 20 historic monuments located around 14th century Sufi Saint Hazrat Nizamuddin Auliya.
  • The Nizamuddin Basti Project is an Urban Renewal Project. It successfully unified the segregated zones of the seven-century old settlement of the Nizamuddin Basti and its surrounding 70 acres.
  • It integrated socio – economic development, conservation and environmental development objectives in these areas.
  • It unified three major sites namely Sundar Nursery, Nizamuddin Basti and Humayun Tomb.
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GOVERNMENT POLICIES AND SCHEMES

Rajya Sabha Passes Dam Safety Bill

  • The Rajya Sabha passed a bill that seeks to set up an institutional mechanism for the safety of specified dams in the country.
  • The Dam Safety Bill, 2019 was passed by the Lok Sabha in August 2019. The Rajya Sabha passed the bill with two official amendments through a voice vote. One of the amendments relates to the change in the year mentioned in the bill title from 2019 to 2021.
  • The bill will now go back to the Lok Sabha as the Rajya Sabha has made amendments to it.
  • The proposed legislation provides for surveillance, inspection, operation and maintenance of the specified dams for the prevention of dam failure-related disasters. It provides for an institutional mechanism to ensure a safe functioning of the dams.
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GENDER/ HEALTH/ EDUCATION

IIT Mandi Signs MoU with AIIMS Bilaspur for Academics and Research

  • The Indian Institute of Technology Mandi (IIT Mandi) collaborated with All India Institute of Medical Science (AIIMS) Bilaspur on Research and Academic Activities. The two institutions signed a Memorandum of Understanding (MoU) aimed at conducting joint research activities and academic exchange activities.
  • The MoU was signed in a meeting between Prof. Ajit Chaturvedi, Director, IIT Mandi; Dr Vir Singh Negi, Director, AIIMS Bilaspur, and Dr Venkata Krishnan, Dean (SRIC), IIT Mandi.
  • The meeting was also attended by Dr Vikrant Kanwar, Dy. Medical Superintendent AIIMS Bilaspur and some faculty members from IIT Mandi.
  • Under this MoU, both the institutions plan to work on joint research projects and in short-term joint academic programs in the future, providing the researchers and students an opportunity to visit and work collaboratively with the other institution.

Merriam-Webster Chooses 'Vaccine' as the 2021 Word of the Year

  • With an expanded definition to reflect the times, Merriam-Webster declared an omnipresent truth as its 2021 word of the year: vaccine.
  • This was a word that was extremely high in Merriam-Webster's data every single day in 2021.
  • At Merriam-Webster, lookups for "vaccine" increased 601% over 2020, when the first U.S. shot was administered in New York in December after quick development, and months of speculation and discussion over efficacy. The world's first jab occurred earlier that month in the UK.
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BOOKS AND AUTHORS

Manish Tewari's "10 Flashpoints, 20 Years"

  • Former National Security Advisor Shivshankar Menon backed Congress leader Manish Tewari's plea for parliamentary supervision of intelligence agencies.
  • Launching Tewari's book "10 Flashpoints, 20 years" on 10 national security situations that have impacted India in the past 20 years, Menon said, "With the exponential rise of security challenges over the past 20 years, India has built up a series of national security institutions. It now needs to be ascertained whether these are integrated and how institutions of national security have changed over the years.
  • In his book he has said that the UPA government headed by Manmohan Singh did not act strongly against Pakistan after the Mumbai terror attack. He said that such a restraint against Islamabad was perceived as a symbol of weakness.
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ART AND CULTURE

Bihar Wins Gold Medal in 40th International Trade Fair

  • Bihar bagged gold medal in the 40th India International Trade Fair (IITF) held at Pragati Maidan in Delhi for "excellence in display" in state government/union territory pavilion category.
  • The Bihar Pavilion comprised 41 stalls exhibiting the finest products from the state to reflect the traditional folk art culture.
  • Bihar's resident commissioner Palka Sahni and the director of Upendra Maharathi Craft Research Institute, Ashok Sinha received the award.
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