03rd December Daily Current Affairs 2021: Today GK Updates for Bank Exam

03 December 2021
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03rd December Daily Current Affairs 2021: Today GK Updates for Bank Exam

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 03rd December 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Top 16 Daily GK Updates: National & International News

Here is providing below the top 16 important Daily General Knowledge GK 2021 updates with national & international news.

National News

1. India, Bangladesh to celebrate Maitiri Diwas on 6 December

• India and Bangladesh have decided to celebrate December 6, the day on which India formally recognized Bangladesh, as "Maitri Diwas" (Friendship Day).
•  During the visit of PM Narendra Modi to Bangladesh in March 2021 to attend the national day of Bangladesh, it was decided to commemorate 6 December as Maitri Diwas (Friendship Day).
• Ten days before the liberation of Bangladesh, India had recognised Bangladesh on 6 December 1971. India was one of the first countries to establish bilateral diplomatic ties with Bangladesh.
• The Maitri Diwas is being commemorated in 18 countries around the world apart from Dhaka and Delhi. These countries are Belgium, Canada, Egypt, Indonesia, Russia, Qatar, Singapore, UK, Australia, France, Japan, Malaysia, Saudi Arabia, South Africa, Switzerland, Thailand, UAE and USA.
• The holding of Maitri Diwas is a reflection of the deep and abiding friendship between the people of India and Bangladesh that have been forged in blood and shared sacrifices.

2. India-ITU joint CyberDrill 2021 for Indian entities

• International Telecommunication Union (ITU) and the Department of Telecommunications operating under the Ministry of Communications conducted a Joint Cyber Drill 2021.
• The cyber drill was conducted for the Critical Network Infrastructure operators of India. The Critical Network Infrastructure are the systems, assets and networks that are essential to ensure the security of a country.
• It aims to improve the cyber security readiness of India. Also, it aims to improve the protection and incident response capability of the country.
• During the cyber drill, the cyberattacks and information security incidents were simulated. And the participants were trained to defend and respond against such incidents. Thus, the drill helped to test the cyber capabilities of an organisation.

Important takeaways for all competitive exams:

• International Telecommunication Union Headquarters: Geneva, Switzerland;
• International Telecommunication Union Founded: 17 May 1865;
• International Telecommunication Union Head Secretary-General: Houlin Zhao.

International News

3. Gita Gopinath to replace Okamoto as IMF’s No. 2 official

• International Monetary Fund Chief Economist, Gita Gopinath is set to take over from Geoffrey Okamoto as the institution’s No. 2 official. It is going to be a historic movement when International Monetary Fund has the female at its first two leading positions.
• The IMF has done some changes in the roles and responsibilities of the fund’s senior management team. In which they introduced deputy managing director for the first time and it is gone to the first female named Indian born economist Gita Gopinath.
• The move comes as a surprise because Gopinath, the first woman to serve as the IMF’s chief economist, had said in October she planned to rejoin Harvard University in January to retain her tenured facility post after three years of public service.

Important takeaways for all competitive exams:

• International Monetary Fund Formed: 27 December 1945;
• International Monetary Fund Headquarters: Washington D.C., USA;
• International Monetary Fund Member countries: 190;
• International Monetary Fund Managing Director: Kristalina Georgieva.

4. Bangladesh, US kick off bilateral exercise CARAT

• US military personnel and Bangladesh Navy (BN) began the 27th annual Cooperation Afloat Readiness and Training (CARAT) maritime exercise virtually from 1 December in the Bay of Bengal.
• The nine-day exercise focuses on a wide range of naval capabilities and includes cooperative actions that demonstrate the US and Bangladesh’s capacity to work together to ensure a free and open Indo-Pacific.
• CARAT is to promote regional cooperation and build relationships, according to Bangladesh Navy Fleet Commander Rear Admiral S M Abdul Kalam Azad. Since 2011, the Bangladesh Navy has been participating in the CARAT exercise, which is celebrating its 27th anniversary this year.

States News

5. Himachal Pradesh Police honoured with 'President's Colour' award

• Himachal Pradesh Police has conducted the 'President's Colour Award' ceremony at Shimla's historic Ridge Ground. The Governor bestowed the 'President's Color Award' to the State Police on this occasion.
• Director-General of Police Sanjay Kundu received the award on the behalf of state police. The Chief Guest was Governor Rajendra Vishwanath Arlekar, while Chief Minister Jai Ram Thakur was also there as a special guest. Himachal Pradesh Police is India's eighth state police force to receive this honour.
• 'President Colour' is a special achievement, demonstrating that the state police ranks highly in the service of humanity, as well as performance, professionalism, integrity, human rights protection, and other factors.

Important takeaways for all competitive exams:

• Himachal Pradesh Governor: Rajendra Vishwanath Arlekar;
• Himachal Pradesh CM: Jai Ram Thakur.

6. Hornbill Festival celebrated in Naga Heritage village Kisama

• The biggest cultural extravaganza of Nagaland, the Hornbill Festival has kicked off with colorful renditions of traditional music, dances, and contemporary in one roof at Naga Heritage village Kisama.
• It is the 22nd edition of the Hornbill festival and will be celebrated in 6 districts of Nagaland. More than 282,800 people visited the festival during the 20th edition in 2019, including over 3,000 foreign tourists and at least 55,500 domestic visitors.

Important takeaways for all competitive exams:

• Chief Minister of Nagaland: Neiphiu Rio; Governor of Nagaland: Jagdish Mukhi.

Appointments News

7. Sambit Patra named as chairman of India Tourism Development Corporation

• Sambit Patra has been appointed as the chairman of India Tourism Development Corporation (ITDC) by the Appointments Committee of the Cabinet. IAS officer, G. Kamala Vardhana Rao will hold the post of managing director of ITDC.
• The India Tourism Development Corporation is a hospitality, retail, and education company owned by the Government of India, under the Ministry of Tourism. Earlier, Patra had served as an independent Director of ONGC.
• Appointment of Dr Sambit Patra as Part-Time Non-Executive Director & Chairman of ITDC for a period of three years from the date of assumption of charge, or until further orders, whichever is earlier.

Important takeaways for all competitive exams:

• India Tourism Development Corporation Founded: 1 October 1966;
• India Tourism Development Corporation Headquarters: New Delhi.

Agreements News

8. Walmart & Flipkart signed an MoU with MP govt to support MSMEs

• Walmart and its subsidiary Flipkart have signed an MoU with the Department of Micro, Small, and Medium Enterprises, Government of Madhya Pradesh to create an ecosystem of capacity building for MSMEs in Madhya Pradesh.
• Under this MoU, Walmart, Flipkart, and MSME Department will assist MSMEs to digitize their business and enable them to sell their products through online retail.
• This initiative comes under the Walmart Vriddhi Supplier Development Programme (Walmart Vriddhi), delivered by knowledge partner Swasti, which aims to train around 50000 Indian MSMEs with business skills to become successful as suppliers to Walmart, sellers on global marketplace platforms like Flipkart.
• Under this programme, Walmart and Flipkart have partnered with various states including Haryana and Tamil Nadu.

Important takeaways for all competitive exams:

• Madhya Pradesh Capital: Bhopal;
• Madhya Pradesh Governor: Mangubhai C. Patel;
• Madhya Pradesh Chief Minister: Shivraj Singh Chouhan.

Economy News

9. DBS revises India’s FY2023 growth forecast to 7 per cent

• The Singapore-based DBS Bank’s economic research team has revised India’s FY23 growth forecast upwards to 7 per cent year-on-year (y-o-y) (CY2022 6.5 per cent) from 6 per cent earlier.
• The DBS team assessed that into FY23, beyond the thrust from reopening gains, precautionary savings and sectoral normalisation to pre-pandemic levels, Capex generation is likely to be the next driver in raising and maintaining growth on a higher plane.

Business News

10. RBI superseded Reliance Capital board & appoints Nageswar Rao as administrator

• Reserve Bank of India (RBI) superseded the Board of Directors of Reliance Capital Ltd (RCL), a Non-Banking Financial Company (NBFC), by exercising its power conferred under Section 45-IE (1) of the RBI Act, 1934.
• RCL is promoted by Anil Dhirubhai Ambani’s Reliance Group. In this regard, the apex bank has appointed Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) as the Administrator of the company under Section 45-IE (2) of the RBI Act. The reason behind this is the defaults made by RCL for various debt obligations payments and serious governance concerns.
• The Reserve Bank of India has appointed an advisory committee to advise the administrator of Reliance Capital. The committee includes Sanjeev Nautiyal, ex-DMD of State Bank of India, Srinivasan Varadarajan, ex-DMD of Axis Bank, and Praveen P Kadle, ex-MD & CEO, Tata Capital Limited.

Important takeaways for all competitive exams:

• Reliance Capital Ltd CEO: Jai Anmol Ambani;
• Reliance Capital Ltd Headquarters: Santacruz, Mumbai;
• Reliance Capital Ltd Founder: Dhirubhai Ambani;
• Reliance Capital Ltd Founded: 5 March 1986.

Summits and Conferences News

11. Troika : India joined the G20 ‘Troika’ with Indonesia and Italy

• India has joined ‘G20 Troika’ and will work closely with Indonesia and Italy to ensure consistency and continuity of G20’s agenda. Apart from India, Troika consists of Indonesia and Italy.
• India will assume G20 Presidency in December 2022 from Indonesia and will convene the G20 Leaders’ Summit for the first time in 2023.
• Troika refers to the top grouping within G20 that consists of the current, previous, and incoming presidencies (Indonesia, Italy and India).

Awards News

12. Bihar won Gold Medal Award at 40th edition India International Trade Fair

• Union Commerce and Industry Minister, Piyush Goyal has inaugurated the 40th edition of the India International Trade Fair (IITF) 2021 at Pragati Maidan in Delhi. It was organized by the India Trade Promotion Organisation with ‘Aatmanirbhar Bharat’ as the theme and to further promote the idea of ‘Vocal for Local’.
• Bihar is the partner state for the 40th IITF and the focus states are Uttar Pradesh and Jharkhand.
• The Bihar pavilion won the 6th gold medal by showcasing the state’s art and cultural richness through handicrafts like Madhubani, Manjusha arts, terracotta, handlooms, and other indigenous products of the state at IITF 2021. Piyush Goyal listed five pillars of India as Economy, Exports, Infrastructure, Demand, and Diversity.

Important takeaways for all competitive exams:

• Bihar Capital: Patna;
• Bihar Governor: Phagu Chauhan;
• Bihar Chief Minister: Nitish Kumar.

13. Anju Bobby George: Crowned Woman of the Year by World Athletics

• Legendary Indian athlete, Anju Bobby George has been bestowed with the Woman of the Year Award by World Athletics for grooming talent in the country and for her advocacy of gender equality.
• In 2016, she formed a sports academy for young girls. Through this, she has helped India advance in sports and also inspire more women to follow in her footsteps. She is also presented with the award for advocating gender equality.
• Anju, the only Indian to have won a medal in the World Championships with a long jump bronze in the 2003 edition.

Important Days

14. World Day of the Handicapped: 3rd December 2021

• World Handicapped day also known as the International Day of Persons with disabilities is observed every year on 3rd December globally. The day is marked and observed to support critical issues which are related to the inclusion of persons with disabilities.
• The IDPWD day was proclaimed in 1992 by the United Nations General Assembly.The theme of the World Day of the Handicapped 2021 is the Leadership and participation of persons with disabilities.
• The day is celebrated to promote the rights and well-being of persons with disabilities in all spheres of society and development, and to increase awareness of the situation of persons with disabilities in every aspect of political, social, economic and cultural life.

Important takeaways for all competitive exams:

• United Nations Secretary-general: António Guterres;
• United Nations Headquarters: New York, United States;
• United Nations Founded: 24 October 1945.

Obituaries News

15. Renowned scholar of Bangladesh Professor Rafiqul Islam

• Renowned scholar and national professor of Bangladesh Professor, Rafiqul Islam passed away. Prof. Rafiqul Islam was one of the greatest scholars on the national poet of Bangladesh Kazi Nazrul Islam.
• He was honoured with Swadhinta Padak and the Ekushey padak, which is the highest civilian award of Bangladesh. He was a recipient of the Bangla Academy Literary Award. He had written close to 30 scholarly books. Prof. Rafiqul Islam was currently the President of the Bangla Academy.

16. Cyclone Jawad to hit Odisha, Andhra and West Bengal

• The low-pressure area in the Bay of Bengal is expected to intensify into Cyclone Jawad which is likely to reach the north Andhra Pradesh, south Odisha coasts and Some parts of West Bengal.
• The storm, once developed, will be called Jawad (pronounced Jowad), as named by Saudi Arabia. After Yaas in May and Gulab in September, this will be the third cyclone headed towards the east coast this year.
• A rotational list of the names of cyclones is maintained by the World Meteorological Organisation (WMO), with the names specific for each tropical zone. If a cyclone is especially deadly then its name is never used and is replaced by another name. The list has a total of 169 names at present which will be used on a rotational basis.

Important takeaways for all competitive exams:

• World Meteorological Organisation Headquarters: Geneva, Switzerland;
• World Meteorological Organisation Founded: 23 March 1950;
• World Meteorological Organisation President: David Grimes.