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Daily Current Affairs – 16 December 2021 | Gkseries

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Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 16 December 2021, we have tried to cover each and every point and also included all important facts from National/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc. Our gkseries team also provides Daily Current Affairs Quiz for these exams.

Daily Current Affairs 16 December 2021

China launches “Shijian-6 05” satellites for Space Exploration

The satellites, Shijian-6 05, were launched by a Long March-4B rocket at 8:11 a.m. (Beijing Time) and have entered their planned orbit. China stated the satellites will be used for ‘space exploration and new technology tests.’ The launch marked the 400th mission of Long March series carrier rockets. The information about the number of satellites has not been specified. As the message reads, they will be used for space exploration and new technology tests.

Bank of Baroda launches bob World Wave

Bank of Baroda (BoB) has launched a solution for digital banking payments, named bob World Wave. Wearable technology is seeing tremendous interest across the globe and lenders are using this opportunity to adopt a more convenient and cashless digital payment system. This is an innovative solution, intended to perfectly deliver preventive health actions as well as easier payment transactions.

Bank’s on-the-go wearable payment solution, bob World Wave is designed to ensure convenient and seamless digital payments by our customers. It is anticipated that 10% of the small ticket payments will be made via wearable devices in the next two years.”

bob World Wave: Core features

Important takeaways for all competitive exams:

India successfully tests long-range Supersonic Missile Assisted Torpedo

India has successfully tested a long-range Supersonic Missile Assisted Torpedo (SMART) off the Balasore coast in Odisha and the weapon system is being developed by Defence Research and Development Organization (DRDO). The system has been designed to enhance anti-submarine warfare capability far beyond the conventional range of the torpedo.

About the system:

The system is a next-generation missile-based standoff torpedo delivery system. During the test, the full-range capability of the missile was successfully demonstrated. The system has been designed to enhance anti-submarine warfare capability far beyond the conventional range of the torpedo.

This was a textbook launch, where the entire trajectory was monitored by the electro-optic telemetry system, various range radars including the downrange instrumentation and downrange ships. The missile carried a torpedo, Parachute delivery system and release mechanisms,” reads the official statement.

David Warner & Hayley Matthews Bags ICC Player Of The Month For November

The International Cricket Council (ICC) adjudged explosive Australian cricketer (opener) David Warner and West Indies all-rounder Hayley Matthews as the respective Men and Women’s Player of the Month award winner for the month of November. Warner, nominated for the ICC Men’s Player of the Month award alongside Pakistan’s Abid Ali and New Zealand’s Tim Southee, emerged victorious with the most votes, following his crucial role in Australia’s triumph in the ICC Men’s T20 World Cup 2021.

The first award was given in January 2021. Given below is the list of winners:

MonthsMen’s Player of the MonthWomen’s Player of the Month
JanuaryRishabh Pant (India)Shabnim Ismail (South Africa)
FebruaryRavichandran Ashwin (India)Tammy Beaumont (England)
MarchBhuvneshwar Kumar (India)Lizelle Lee (South Africa)
AprilBabar Azam (Pakistan)Alyssa Healy (Australia)
MayMushfiqur Rahim (Bangladesh)Kathryn Bryce (Scotland)
JuneDevon Conway (New Zealand)Sophie Ecclestone (England)
JulyShakib Al Hasan (Bangladesh)Stafanie Taylor (West Indies)
AugustJoe Root (England)Eimear Richardson (Ireland)
SeptemberSandeep Lamichhane (Nepal)Heather Knight (England)
OctoberAsif Ali (Pakistan)Laura Delany (Ireland)
NovemberDavid Warner (Australia)Hayley Matthews (West Indies)
BCCI forms committee for differently abled cricketers

The Board of Control for Cricket in India (BCCI) has formally formed a committee for the differently-abled cricketers of the country to enable them to play under the aegis of the BCCI.

In April this year, the Apex Council of BCCI (Board of Control for Cricket in India) recognized the Cricket Council for Disabilities of India (DCCI) as the sole entity to promote cricket among the physically challenged, deaf, blind and wheelchair participants. Was. The board has now taken a step forward, which will benefit cricketers with disabilities. Disability cricketers have welcomed the decision of the BCCI to form a Differently Abled Committee for the differently-abled cricketers. On the basis of the recommendation of the Justice Lodha committee, a board of three former disabled cricketers was being awaited for the last several years. The Proposal was approved by BCCI headed by president Sourav Ganguly & secretary Jay Shah.

Govt laid the foundation stone for Maa Umiya Dham Development Project in Gujarat

On December 11, 2021, Union Home Minister Amit Shah laid the foundation stone of Umiya Mata Temple as well as its premises at Umiya Campus in Sola in Ahmedabad, Gujarat. The temple and other buildings will be developed at a cost of Rs 1,500 crore on 74,000 square yards of land. Prime Minister Narendra Modi has virtually attended and addressed the foundation stone laying of the project. He stated the Project as an example of the notion of ‘SabkaPrayas’ (Efforts of everyone).

About the Umiya Mata Temple:

Umiya Mata Temple is the Temple of Goddess Umiya, who is worshipped as the clan-deity or kuldevi of Kadava Patidars. The temple is located in the centre of Unjha in the Mehsana district of Gujarat. It celebrated its silver jubilee in November 2009. Apart from Temple, a trust running the main temple in Unjha will also construct a 13-storey complex adjacent to the temple in order to provide training and a hostel facility to Patidar youths who are preparing for UPSC and GPSC entrance tests.

Important takeaways for all competitive exams:

Leena Nair appointed as global CEO of ‘Chanel’ Fashion House

An Indian-origin longtime executive at Unilever Leena Nair was chosen to be the new CEO of the luxury fashion house Chanel. She will assume the office with effect from January 2021.

She was working with Unilever for over 30 years, most recently as the chief of human resources and a member of the company’s executive committee.

Chanel was founded in 1910 by fashion legend Gabrielle “Coco” Chanel as a hat boutique on rue Cambon in Paris.

RBI introduces tough PCA framework for large NBFCs

The Reserve Bank of India (RBI) on Tuesday introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs) with effect from October 2022, putting restrictions on para-banks whenever vital financial metrics dip below the prescribed threshold.

It will put restrictions on para-banks whenever vital financial metrics dip below a prescribed threshold. The move will bring NBFCs almost on a par with banks in terms of supervision and regulatory reach. This follows scale-based regulations and revision in non-performing asset norms brought in by the regulator for the sector.

Five Indian brands in the top 100 global powers of luxury goods list

Five Indian brands are in the top 100 global powers of luxury goods list with Tata group firm Titan, moving up three places to rank 22nd and being among the 20 fastest-growing luxury goods companies, according to a Deloitte report.

Kalyan Jewellers, Joyalukkas, PC Jewellers, and Tribhovandas Bhimji Zaveri Ltd, have been ranked 37th, 46th, 57th, and 92nd, respectively. Top luxury brands featured leading players from EMEA (Europe, Middle East, and Africa).

Pawan Kumar appointed as Director (Commercial) of IGL

Pawan Kumar has been appointed as Director (Commercial) of Indraprastha Gas Limited (IGL), a joint venture company between GAIL (India) Limited, BPCL, and Govt of NCT of Delhi with effect from 01 December 2021. His tenure will be of three years subjects to approval by shareholders of the company. He replaced Amit Garg who has been repatriated to BPCL.

IGL is a joint venture company between GAIL (India) Limited, BPCL, and Govt of NCT of Delhi. It was established in 1998 and operates primarily in Delhi.

Anjalli Ravi Kumar appointed as CSO of Zomato

Ex-Unilever executive Anjalli Ravi Kumar has been appointed as Chief Sustainability Officer (CSO) of Zomato. Prior to this, she worked with Unilever as Global Sustainability Director. She is a recipient of the Unilever Global Heroes Award in 2017 for launching a unique mobile skilling programme.

Apart from her, Nitin Savara has been appointed as the Deputy Chief Financial Officer of the company. He was earlier a Partner at EY, will work with Zomato CFO Akshant Goyal.

Life Insurance Corporation of India rolls out Dhan Rekha plan

LIC has introduced new Dhan Rekha plan with effect from December 13, 2021.

LIC’s Dhan Rekha is a non-linked, non-participating, individual savings life insurance plan. The plan has unique offerings. There are special premium rates for female lives, and the plan is allowed to the third gender.

Sum assured: 2,00,000.

Maximum amount: Nil

Survival benefits:

20 years- 10% of Basic Sum Assured at the end of each of 10th and 15th policy year.

30 years- 15% of Basic Sum Assured at the end of each of 15th, 20th, and 25th policy year.

Adani signs agreement with SECI for green power

Adani Green Energy Ltd (AGEL) on Tuesday said it signed an agreement with the Solar Energy Corporation of India (SECI) to supply 4,667 Mw of green power. It is the world’s largest-ever green power purchase agreement.

The agreement is part of a manufacturing-linked solar tender of 8,000 MW awarded to AGEL by SECI in June 2020. So far, AGEL has signed PPAs with SECI for a total generation capacity of close to 6,000 MW of the 8,000 MW awarded in 2020.

ADB projected growth forecast for 2021-2022 for India at 9.7%

Asian Development Bank has trimmed its 2021 growth forecast for India to 9.7% from 10% but left the 2022 growth forecast unchanged at 7.5%. The inflation forecast of developing Asia was revised to 2.1%  for 2021 and unchanged at 7% for 2022.

Asian Development Outlook Supplement Report 2021-22:

In its Asian Development Outlook Supplement Report of December 2021, the Asian Development Bank (ADB) has trimmed the growth forecasts for developing Asia for 2021-2022 to reflect the economic impact and uncertainty caused by the new Omicron COVID -19 variant.

ADB marks the 2021 Gross Domestic Product (GDP) growth projection of developing Asia to 7%, down from its earlier projection of 7.1% (September 2021), and 2022 growth to 5.3%, down from 5.4%.

Vijay Diwas 2021: Celebration of 50th anniversary of 1971 war

In India, Vijay Diwas is celebrated every year on December 16. This day is also called Victory Day. The country is celebrating the 50th Vijay Diwas in 2021. Vijay Diwas is observed to commemorate the service, valour, and sacrifices of the gallant men of the Indian Armed Forces’ victory over Pakistan in the 1971 war. On this day, we pay homage to all the soldiers who had defended the nation in the war.

While it was a big day for Bangladesh, as it meant the secession of East Pakistan into the country, this win was also a proud moment for the Indian Army. It was, after all, the first war after World War II that we had won conclusively. This day is also commemorated in Bangladesh as Bijoy Dibos

About Vijay Diwas:

The Indo-Pakistan war of 1971 which began on December 3 lasted for 13 days and officially ended on December 16, after which Pakistan surrendered to India. It was on this day in 1971, the chief of the Pakistani forces, General AA Khan Niazi, along with 93 thousand troops, had surrendered unconditionally to the allied forces consisting of the Indian Army and Mukti Bahini. The end of the war also resulted in the subsequent secession of East Pakistan into Bangladesh.

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