Daily Current Affairs December 02 & 03

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs December 02 & 03. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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December 02 & 03 | Daily Current Affairs 2023

Important Days – Daily Current Affairs December 02 & 03

1. On which date is World Computer Literacy Day observed?
A) January 15
B) May 5
C) December 2
D) September 10
E) November 30
Answer: C) December 2

• World Computer Literacy Day is observed on December 2:
• It was first celebrated in 2001 by NIIT to mark its 20th anniversary.
• World Computer Literacy Day serves as a reminder of the importance of computer literacy in modern society and encourages efforts to provide access to computer education for people of all ages and backgrounds.

National Pollution Control Day is observed on December 2:

• On December 2 and December 3, 1984, a harmful chemical – Methyl Isocyanate – along other chemicals got released from a pesticide plant, Union Carbide India Limited, in Bhopal, Madhya Pradesh.
• The Madhya Pradesh government declared 25000 people dead because of the exposure of harmful gases.
• National Pollution Control Day is celebrated to honour the people who lost their lives due to the unfortunate incident.

The International Day for the Abolition of Slavery is observed on December 2:

• The International Day for the Abolition of Slavery was established by the United Nations General Assembly on December 2, 1986.
• Theme: ‘Fighting Slavery’s Legacy of Racism through Transformative Education’
• The United Nations Convention for the Suppression of the Traffic in Persons and of the Exploitation of the Prostitution of Others, adopted by the General Assembly on December 2, forms the basis of the International Day for the Abolition of Slavery.
• Note: Around 150 million children are engaged in child labour worldwide and 40 million adults experience modern slavery.

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2. When was the annual observance of the International Day of Disabled Persons announced by the United Nations General Assembly resolution?
A) 1985
B) 1988
C) 1992
D) 1995
E) 2000
Answer: C) 1992

• International Day of Persons with Disabilities is observed on December 3 in every year.
• In 1992, the annual observance of the International Day of Disabled Persons was announced by the United Nations General Assembly resolution 47/3.
• Theme: United in action to rescue and achieve the SDGs for, with and by persons with disabilities.

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Banking and Finance – Daily Current Affairs December 02 & 03

3. What are some of the services provided by iVIS through the collaboration with ICICI Bank?
A) Cloud storage solutions
B) Social media marketing
C) Real-time video monitoring, facial recognition, incident detection
D) Cryptocurrency transactions
E) Online education platforms
Answer: C) Real-time video monitoring, facial recognition, incident detection

• iVIS, a subsidiary of Magellanic Cloud partnered with ICICI Bank for the distribution of cutting-edge e-surveillance services across its branches.
• This collaboration provide iVIS deploying state-of-the-art AI/ML and IoT technology to deliver services such as real-time video monitoring, facial recognition, incident detection, reporting, and data analytics.
• iVIS boasts expertise in the e-surveillance domain, with a central command centre located in Hyderabad overseeing 20,000 ATMs and banking sites nationwide.

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4. What is the new maximum compensation amount for policyholders after the amendment in the Insurance Ombudsman Scheme?
A) Rs 40 lakh
B) Rs 50 lakh
C) Rs 60 lakh
D) Rs 70 lakh
E) Rs 80 lakh
Answer: B) Rs 50 lakh

• The Insurance Ombudsman scheme, established by the government, provides a cost-effective and impartial avenue for individual policyholders to resolve complaints outside the court system.
• Earlier, the maximum compensation that ombudsman offices could award to policyholders was capped at Rs 30 lakh.
• On November 10, 2023, the finance ministry amended the insurance ombudsman rules to increase the maximum compensation amount to Rs 50 lakh.

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Business and Economy – Daily Current Affairs December 02 & 03

5. Which organization is set to associate with Business Finland to support startup ecosystems?
A) NASSCOM
B) Kerala Startup Mission
C) Silicon Valley Startup Hub
D) Startup India
E) Bengaluru Innovation Center
Answer: B) Kerala Startup Mission

• Kerala Startup Mission is set to associate with Business Finland to bolster the ecosystems of nascent firms in India and the Scandinavian country.
• This collaboration will support and maintain regular contact for mutual exchange of information and knowledge related to the start-up ecosystems in both countries.

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6. What is the maximum percentage of the paid-up share capital or voting rights that SBI Mutual Fund is allowed to acquire in Karur Vysya Bank Ltd (KVB)?
A) 5%
B) 7.5%
C) 9.99%
D) 12%
E) 15%
Answer: C) 9.99%

• The Reserve Bank has given its approval to SBI Mutual Fund (SBI MF) for acquiring up to 9.99% of the paid-up share capital or voting rights of Karur Vysya Bank Ltd (KVB).
• SBI MF must ensure that the aggregate holding in the bank does not not exceed 9.99% at all times. Further, if the aggregate holding falls below 5%, prior approval of RBI will be required to increase it to 5% or more of the paid-up share capital or voting rights of KVB.
• KVB announced the opening of four branches, of which three are in Tamil Nadu and one in Bengaluru.
• With this, the total number of branches has increased to 831.

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Acquisitions and Mergers – Daily Current Affairs December 02 & 03

7. Which company has been approved for the acquisition of shareholding in Delanord Investments?
A) Abu Dhabi Ports Company (PJSC)
B) Dubai Ports World
C) Ras Al Khaimah Ports
D) Sharjah Ports Authority
E) Fujairah Terminals
Answer: A) Abu Dhabi Ports Company (PJSC)

• The Competition Commission of India (CCI) has approved acquisition of shareholding in Delanord Investments by Abu Dhabi Ports Company (PJSC).
• Abu Dhabi Ports Company, directly or indirectly, is engaged in the operation of ports and terminals, provision of short-sea vessel operation services, provision of non-vessel operating common carrier (NVOCC) services, and provision of freight forwarding services.
• Delanord, directly or indirectly, is engaged in the provision of short-sea vessel operation services, NVOCC services, and in-land transportation services

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Books and Authors – Daily Current Affairs December 02 & 03

8. Who officially released the book titled ‘RESILIENT INDIA’ in Dehradun?
A) Prime Minister Narendra Modi
B) Uttarakhand CM Pushkar Singh Dhami
C) Home Minister Amit Shah
D) Defense Minister Rajnath Singh
E) Finance Minister Nirmala Sitharaman
Answer: B) Uttarakhand CM Pushkar Singh Dhami

• A book which highlights PM Modi’s efforts in bringing about a “paradigm shift” in India’s disaster management was officially released by Uttarakhand CM Pushkar Singh Dhami in Dehradun.
• The book, ‘RESILIENT INDIA: How Modi Transformed India’s Disaster Management Paradigm’, was released at the sixth World Congress on Disaster Management.
• The book is edited and compiled by Bluekraft Digital Foundation.

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Appointments – Daily Current Affairs December 02 & 03

9. Who is the new chairman of India Debt Resolution Co Ltd (IDRCL)?
A) Narayan Seshadri
B) Diwakar Gupta
C) Ratan Tata
D) N. R. Narayana Murthy
E) Anand Mahindra
Answer: A) Narayan Seshadri

• Former KPMG managing partner Narayan Seshadri will take over as chairman of the India Debt Resolution Co Ltd (IDRCL).
• He replaced Diwakar Gupta.
• Diwakar Gupta will take up a post at parent National Asset Reconstruction Co Ltd (NARCL).

National Asset Reconstructuring Company Limited (NARCL): (Govt Backed Bad Bank)

• NARCL is registered with the Reserve Bank of India as an Asset Reconstruction Company under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
• Majority stake held by Public Sector Banks and balance by Private Banks with Canara Bank being the Sponsor Bank.
• Founded: 7 July 2021

India Debt Resolution Co Ltd (IDRCL):

• The IDRCL is a service company or an operational entity, which will manage assets and loop in market professionals and turnaround experts.
• Public Sector Banks and Public FIs will hold a maximum of 49% stake and the rest will be with private sector lenders.

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Science and Technology – Daily Current Affairs December 02 & 03

10. What is the primary objective of the XPoSat mission?
A) Planetary exploration
B) Weather monitoring
C) Earth observation
D) Space tourism
E) X-ray polarimetry studies
Answer: E) X-ray polarimetry studies

• India is gearing up to launch its inaugural X-Ray Polarimeter Satellite (XPoSat), as announced by the Indian Space Research Organisation (ISRO).
• The XPoSat mission is scheduled to be launched by the Polar Satellite Launch Vehicle (PSLV) from the Satish Dhawan Space Center in Sriharikota.
• The mission aims to delve into the polarisation of intense X-Ray sources.
• The XPoSat spacecraft is set to orbit in Low Earth Orbit at an altitude of approximately ~650 km and a low inclination of around six degrees.
• It will be carrying two scientific payloads.
• These payloads enable simultaneous studies of temporal, spectral, and polarisation features of bright X-Ray sources.
• With life time of five years, XPoSat’s payloads will observe X-Ray sources during the spacecraft’s transit through Earth’s shadow, particularly during eclipse periods.
• The primary payload, POLIX (Polarimeter Instrument in X-rays), developed by the Raman Research Institute (RRI) in Bengaluru with support from various ISRO centres, is designed to measure the degree and angle of polarisation in the medium X-ray energy range.
• The secondary payload, XSPECT (X-ray Spectroscopy and Timing), developed by the U.R. Rao Satellite Centre (URSC), ISRO, will provide spectroscopic information within the 0.8-15 keV energy range.

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International Affairs – Daily Current Affairs December 02 & 03

11. What is the total amount allocated for the climate fund announced by the President of UAE?
A) $10 billion
B) $15 billion
C) $20 billion
D) $25 billion
E) $30 billion
Answer: E) $30 billion

• United Arab Emirates President Sheikh Mohammed Bin Zayed announced the establishment of a $30 billion climate fund for global climate solutions.
• The fund will allocate $25 billion to climate strategies and $5 billion to incentivise investment flows into the Global South.
• In collaboration with global asset managers BlackRock (BLK.N), Brookfield (BAM.TO) and TPG (TPG.O), ALTÉRRA has committed $6.5 billion to climate-dedicated funds for global investments.
• The fund is designed to bridge climate finance gap and aims to stimulate $250 billion of investment by 2030.

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12. How many spy satellites does South Korea plan to send into space by 2025 under the contract with SpaceX?
A) Two
B) Three
C) Four
D) Five
E) Six
Answer: D) Five

• It was launched from California’s Vandenberg Space Force Base using SpaceX’s Falcon 9 rocket.
• It was the first of five spy satellites South Korea plans to send into space by 2025 under a contract with SpaceX.

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13. In which category did India secure re-election to the IMO Council?
A) Category of Environmental Stewardship
B) Category of Seafarer Training and Welfare
C) Category of Technological Innovation
D) Category of 10 states with the largest interest in international seaborne trade
E) Category of Maritime Security
Answer: D) Category of 10 states with the largest interest in international seaborne trade

• India was re-elected to the International Maritime Organisation (IMO) Council with the highest tally.
• India’s re-election falls under the Category of 10 states with “the largest interest in international seaborne trade”, alongside Australia, Brazil, Canada, France, Germany, the Netherlands, Spain, Sweden, and the United Arab Emirates (UAE).
• Indian delegation was led by Secretary, Ministry of Ports, Shipping and waterways Shri T.K Ramachandaran, with Members including DG Shipping Shri Shyam Jagannathan.

Note:

• The Amrik Kaal Vision 2047 has also set goals to strengthen India’s global maritime presence.
• There are 43 initiatives identified as part of Amrit Kaal Vision 2047 Action Plan.
• It includes dedicated IMO cell in India, appointment of a permanent representative at IMO headquarters, London, implementation of BIMSTEC Master Plan, creating a robust BIMSTEC institutional structure.

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14. What did PM Modi urge developed countries to do by 2050 during his address at COP 28?
A) Increase carbon footprint intensity
B) Maintain current carbon footprint levels
C) Completely reduce carbon footprint intensity
D) Double their carbon footprint
E) Offset carbon emissions through reforestation
Answer: C) Completely reduce carbon footprint intensity

• PM Modi addressed the COP 28 summit’s session on Transorming climate finance which is held in Dubai, UAE.
• He urged developed countries to completely reduce carbon footprint intensity by 2050.
• He launched LeadIT 2.0 on the sidelines of COP28 in Dubai with a focus on inclusive and just industry transition.
• He also proposed to host the 2028 climate change conference, COP33, in India.
• Earlier India hosted COP 8 in 2002.
• Keypersons: COP28 President Sultan Al Jaber and UN Climate Change Executive Secretary Simon Steill

Global climate initiatives of India:

• International Solar Alliance
• Coalition of Disaster-Resilient Infrastructure
• Lifestyle for Environment Campaign
• Goal of Renewable energy tripling
• Global Biofuels Alliance

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National Affairs – Daily Current Affairs December 02 & 03

15. What is the objective of Mission Daksh launched by the Bihar state government?
A) To promote sports in schools
B) To improve infrastructure in government schools
C) To mentor children lagging behind in studies
D) To enhance digital education
E) To provide scholarships to meritorious students
Answer: C) To mentor children lagging behind in studies

• Bihar state government launched Mission Daksh for early 25 lakh children lagging behind their peers in schools with some of them incapable of reading simple Hindi words despite having reached upper primary classes.
• Under Mission Daksh’, the state Education Department has directed teachers to intensively mentor weak students, in batches of not more than five, with the “warning” that any laxity will cause them to face action.

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16. How many urban villages in Delhi are expected to benefit from ‘Dili Gramodaya Abhiyan’ campaign?
A) 100
B) 120
C) 135
D) 150
E) 180
Answer: C) 135

• Lieutenant-Governor V.K. Saxena launched an 1800-crore campaign, ‘Dilli Gramodaya Abhiyan’, to develop urban villages in the national capital.
• It will ensure that all 135 urban villages in Delhi get an infrastructure boost, landscape upgrade, and civic services on a par with the more developed parts of the city.
• Mr. Saxena inaugurated a seven-acre plot to provide fodder to nearly 4,000 livestock in north-west Delhi’s Jaunti village.
• He had adopted five villages in northwest Delhi – Jaunti, Qutabgarh, Nizampur, Rawta, and Deorala – to be developed as self-sustainable model villages earlier this year.

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17. How much lithium reserves were to be discovered in the Reasi district of Jammu & Kashmir?
A) 2.5-million-tonne
B) 4.3-million-tonne
C) 5.9-million-tonne
D) 8.7-million-tonne
E) 10-million-tonne
Answer: C) 5.9-million-tonne

• To boost the exploration and extraction of critical and strategic minerals, the government launched auctions for 20 blocks of such minerals including 5.9-million-tonne lithium reserves discovered in Reasi district of Jammu & Kashmir
• This is the first ever auction by Mines Ministry after the government allowed private companies to explore and mine the minerals.
• In the first tranche of auctions, the mines ministry is offering 20 blocks of critical and strategic minerals spread across seven states – Bihar, Gujarat, Jharkhand, Odisha, Tamil Nadu, Uttar Pradesh, and Chhattisgarh – and the union territory of Jammu & Kashmir.
• Apart from lithium, critical minerals encompass titanium, bauxite (aluminous laterite), glauconite, nickel, chromium, potash, copper, graphite, manganese ore, molybdenum ore, phosphorite, platinum group elements, and rare earth elements.
• Note: India has committed to achieving 50% of its cumulative electric power installed capacity from non-fossil sources by 2030.

Critical Minerals:

• Critical minerals are those that are necessary for both national security and economic growth.
• Their scarcity or the concentration of their extraction or processing in a small number of geographic areas can create supply chain vulnerabilities or even cause supply disruptions.
• The Ministry of Mines identified 30 minerals as Critical Minerals.

Critical Minerals List:

1. Antimony,
2. Beryllium,
3. Bismuth,
4. Cobalt,
5. Copper,
6. Gallium,
7. Germanium,
8. Graphite,
9. Hafnium,
10. Indium,
11. Lithium,
12. Molybdenum,
13. Niobium,
14. Nickel,
15. PGE,
16. Phosphorous,
17. Potash,
18. REE,
19. Rhenium,
20. Silicon,
21. Strontium,
22. Tantalum,
23. Tellurium,
24. Tin,
25. Titanium,
26. Tungsten,
27. Vanadium,
28. Zirconium,
29. Selenium and
30. Cadmium.

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Over All Review

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