Daily Current Affairs – 4 December 2021 | Gkseries

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 4 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 4 December 2021

Indian Farmers Fertiliser Cooperative Limited (IFFCO) ranked 65th in the overall turnover ranking from 125th in the last financial year and is in the leading position among the world’s 300 leading cooperatives. The ranking is based on the ratio of turnover over the gross domestic product (GDP) per capita. It signifies that IFFCO is contributing significantly to the GDP and economic growth of the nation. The ranking is as per the 2021 edition of the 10th Annual World Cooperative Monitor WCM report published by the International Cooperative Alliance ICA.

About the report:

• The 2021 WCM report is published by the International Cooperative Alliance (ICA) and European Research Institute on Cooperative and Social Enterprises (Euricse). WCM is a project designed to collect robust economic, organizational, and social data about cooperatives worldwide.
• The report is the 10th annual one and explores the economic and social impact of the largest cooperatives and mutual worldwide, providing a ranking of the top 300, sector rankings, and an analysis of responses to the current global challenges: Covid and climate change.

The State Bank of India (SBI) issued $650 million in green bonds on the India International Exchange (India INX) and the Luxembourg Stock Exchange(LuxSE) on November 22.

This dual listing is in line with 2021’s topic of the World Investor Week (WIW), ‘sustainable finance’, as indicated by the regulatory body International Financial Services Centres Authority (IFSCA). India INX has now emerged as the leading bond listing venue with over $33 billion.

Pradip Shah, founder of IndAsia Fund Advisors, has been appointed chairman of the National Asset Reconstruction Company (NARCL).  Shah, an MBA from Harvard and chartered accountant, is credited for establishing India’s first and largest housing finance company, HDFC, and rating firm Crisil.

While Aditya Birla Asset Reconstruction Company managing director Sanjay Jain will be the chief executive of India Debt Resolution Company (IDRCL), the privately-owned asset management company (AMC) mandated to resolve bad loans acquired by NARCL.

The Appointments Committee of the Cabinet (ACC) appointed BJP spokesperson Sambit Patra as the chairman of India Tourism Development Corporation. 

Earlier, he had served as an independent Director of Oil and Natural Gas Corporation (ONGC). ACC has approved Tourism Ministry’s proposal to split the post of chairman and managing director of ITDC into chairman, ITDC, and managing director (MD), ITDC.

Managing Director of ITDC: GKV Rao.

Union Minister for Ports, Shipping & Waterways and AYUSH, Shri Sarbananda Sonowal has said that the Government is striving to improve the quality of Indian Seafarers and make their life comfortable. Speaking at the release of Navik Jeevan and launch of Online Competency-based Examination through VC mode in New Delhi 

It is a fully digital Artificial Intelligence Machine Learning powered online exam system which uses remote proctoring and powerful security and surveillance tools for fair, transparent, and secure examination systems. It is the first ever written examination for a certificate of competency using the Remote Digital Proctoring mechanism.

Delhi’s Indira Gandhi International Airport (IGIA) has been declared the Best Airport in India and Central Asia.

Delhi airport along with the others in Hyderabad, Mumbai, and Bengaluru feature in the World To 100 airports list published by Skytrax. Rs 36,000 crores worth investments are being planned to develop new greenfield airports across the country under Public-Private Partnership mode.

Economist Intelligence Unit’s (EIU) has released the Worldwide Cost of Living 2021, exploring the cost of living in 173 cities, measured against impactful global events. as per the index, Tel Aviv, Israel has been selected as the most expensive city in the world to live in in 2021. The 2021 index explored the cost of living in 173 cities, 40 more than last year.

Most expensive cities: Tel Aviv, followed by Paris, Singapore, Zurich, and Hong Kong.

Paris was the most expensive city according to the 2020 index.

Lowest rankings: Africa, Middle East and less wealthier parts of Asia.

List of 10 Cheapest Cities Of The World 2021

EIU has found the cheapest cities that the cost of living in these cities is the least compared to other cities of the world, Syria’s Damascus has been found to be the cheapest city to live in the world. here is the table below.

The Centre is set to launch the Residential Education for Students in High Schools in Targeted Areas (SRESHTA) scheme for the upliftment and development of scheduled castes (SC) students.

Central govt. will celebrate Mahaparinirvan Divas in remembrance of Dr. B R Ambedkar on 6th Dec 2021 as part of the Azadi Ka Amrit Mahotsav. At this occasion, SRESHTA scheme for socio-economic development of meritorious SC students will also be launched. MIt will enable bright SC students to have a better future by getting a high-quality education. It will also aid in controlling dropout rates of SC students from class 9th to 12th. 

National Navy Day is celebrated on December 4 to acknowledge the role and achievements of the Indian Navy. The day also commemorates the launch of Operation Trident against Pakistan during the Indo-Pakistan War in 1971 and also raises awareness about the Indian Navy among the general public. The theme of Indian Navy Day 2021 is ‘Swarnim Vijay Varsh’.

History:

Indian Navy is a naval branch of Indian armed forces Led by the President of India (commander-in-chief). Back in 1971, during the Indo-Pakistan war, December 4 was chosen to launch Operation Trident against Pakistan. On December 4, the Indian Navy formally entered the war and attacks on Karachi were constantly showering. As we all know because of the Indian Navy the whole country rejoiced with success. The victory over Pakistan made our country proud and respect the Indian Navy even more.