Daily Current Affairs December 07

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 07. 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 07 | Daily Current Affairs 2023

Important Days – Daily Current Affairs December 07

1. When did ICAO establish International Civil Aviation Day, and why?
A) 1944, to commemorate its founding
B) 1950, to celebrate global aviation achievements
C) 1975, to honor aviation pioneers
D) 1994, in honor of its 50th anniversary
E) 2000, to promote sustainable aviation
Answer: D) 1994, in honor of its 50th anniversary

• International Civil Aviation Day will be observed on December 7
• Theme: “Advancing Innovation for Global Aviation Development.”

History:

• International Civil Aviation Day was proclaimed by the United Nations General Assembly on 7 December 1996.
• The International Civil Aviation Organisation (ICAO) was established on 7 December 1944 to promote global cooperation and uniformity in civil aviation matters.
• Both the International Air Transport Agreement and the International Services Transit Agreement were signed in the same year.
• In honour of its 50th anniversary, ICAO established International Civil Aviation Day in 1994.

Armed Forces Flag Day is observed on December 7:

• Armed Forces Flag Day is observed annually on December 7 in India to honor active-duty soldiers and veterans, emphasizing the sacrifices made by Armed Forces personnel.
• On 28 August 1949, the Ministry of Defence officially declared 7 December as Indian Armed Forces Flag Day.
• Kendriya Sainik Board (KSB) is responsible for providing the donations and funds to all the former soldiers and their families via a network of Rajya Sainik Boards (RSBs) and Zila Sainik Boards (ZSBs).

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Sports – Daily Current Affairs December 07

2. What substance did Kerala footballer M. Viknesh test positive for during the National Games in October 2022?
A) Methylprednisolone
B) Terbutaline
C) Corticosteroid
D) Dope
E) Anabolic Steroid
Answer: B) Terbutaline

• Kerala footballer M. Viknesh, who had failed a dope test taken during the National Games in Ahmedabad in October 2022, has been handed a two-year suspension starting from April 5, 2023.
• He was tested as positive dope test for terbutaline.
• Terbutaline is an ingredient in many cough syrups, but it is in the World Anti-Doping Agency’s prohibited list under specified substances.
• The ADAP also penalised Radhika Prakash Awati, a Maharashtra-born fencing international who represents Kerala, with a two-year ban.
• She had been banned for 15 months by the disciplinary panel earlier for a methylprednisolone (corticosteroid) violation.
• Radhika had been tested during Senior National championship on March 26, 2023 in Pune, where she had won the gold medal.
• Her suspension is from August 17, 2023.

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Ranking – Daily Current Affairs December 07

3. What is the total value of life and accident & health reserves for Life Insurance Corporation of India (LIC) in 2022?
A) $403.7 billion
B) $453.7 billion
C) $503.7 billion
D) $553.7 billion
E) $603.7 billion
Answer: C) $503.7 billion

• Life Insurance Corporation of India (LIC) is the fourth largest insurer in the world, according to a ranking based on life and accident & health reserves of companies in 2022 by S&P Global Market Intelligence.
• Out of the top 50 companies, Asian firms followed their European counterparts with 17 of them featuring on the list.
• China and Japan share the top spots in Asia with five companies headquartered in the two countries.
• North America had 12 spots on the list with eight companies based in the US, two in Canada and two in Bermuda.

Ranking:

1. Allianz SE (Germany) – $ 750.20 Billlion
2. China Life Insurance Company (China) – $ 616.90 Billion
3. Nippon Life Insurance Company (Japan) – $ 536.80 Billion
4. Life Insurance Corporation of India (India) – $ 503.7 Billion

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Banking and Finance – Daily Current Affairs December 07

4. Which organization collaborated with IIFL Home Finance Ltd. for the 15th chapter of ‘Kutumb’?
A) International Monetary Fund (IMF)
B) World Health Organization (WHO)
C) Asian Development Bank (ADB)
D) United Nations Educational, Scientific and Cultural Organization (UNESCO)
E) Reserve Bank of India (RBI)
Answer: C) Asian Development Bank (ADB)

• IIFL Home Finance Ltd., India’s fastest-growing digital first home finance company, and Asian Development Bank (ADB) jointly hosted the 15th Chapter of ‘Kutumb’ (10th Colloboration with ADB) event with a primary focus on fostering discussions centred on bolstering the green building ecosystem within India’s affordable housing sector.
• The Kutumb event focused on insights based on promoting and advancing Green Affordable Housing in India, aiming to create opportunities for accessible green housing for everyone.

Keypoints:

• ADB signed a USD 68 million loan with IIFL HFL to boost green, affordable housing in India.
• ‘Kutumb’ has played a significant role in helping IIFL Home Finance Ltd. serve more than 250,000 customers.
• IIFL HFL has facilitated a credit-linked subsidy of more than Rs 1,746 crore to over 72,000 households under PMAY (U) as on 31st August 2023
• Engaging in a partnership with a Technical Assistance (TA) programme aimed at bolstering the eco-friendly construction ecosystem within India’s affordable housing sector.

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Business and Economy – Daily Current Affairs December 07

5. What percentage of stake in Zomato Ltd is SoftBank Ventures Asia planning to sell?
A) 1%
B) 1.1%
C) 2%
D) 5%
E) 10%
Answer: B) 1.1%

• An arm of Japan’s SoftBank Group is slated to sell a 1.1% stake in food-delivery company Zomato Ltd for an estimated Rs1,127.5 crore, or $135 million.
• SoftBank Group company Svf Growth (Singapore) Pte Ltd held a 2.2% stake in Zomato as of September. It had acquired the stake in lieu of its holding in quick-delivery startup Grofers, which Zomato acquired last year and renamed as Blinkit.
• Shortly after, Svf Growth sold a 1.17% stake in the food-delivery company in a block deal for Rs940 crore.
• Citigroup Global Markets India Pvt Ltd is the bookrunner for the sale.
• Tiger Global, too, has been offloading its stake in Zomato, whose share price has more than doubled this year.
• Internet Fund III Pte Ltd, the venture capital fund managed by Tiger Global Management, offloaded 12.35 shares, or a 1.44% stake, at an average price of Rs91.01 per share in bulk deal on BSE.
• Between July 25 and August 2, the New York-based hedge fund sold more than 184 million shares, or 2.34%, of Zomato stock in the open market

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6. Which organizations collaborated to launch the ‘Build for Bharat’ initiative in the digital commerce space?
A) ONDC and Google Cloud
B) Antler and Paytm
C) Protean and Startup India
D) All of the above
E) Google Cloud and Startup India
Answer: D) All of the above

• The Open Network for Digital Commerce (ONDC), in collaboration with Google Cloud in India, Antler in India, Paytm, Protean and Startup India announced an initiative called ‘Build for Bharat’.
• The initiative aims to tackle diverse challenges in digital commerce, promoting industry innovation to develop practical solutions in this space.
• This initiative is designed to deliver three distinct outcomes.

1. 1. 1. 1. 1. 1. 1. Next Gen Ventures
                  2. Scalable Solutions
                  3. Foundation Solutions

• Note: One97 Communications, which owns digital payment brand Paytm, plans to bring 10 million merchants by 2025 on the government backed Open Network for Digital Commerce.

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Appointments – Daily Current Affairs December 07

7. Who has been proposed by the British government as the preferred candidate for the new BBC chairman?
A) Dr. Samir Shah
B) Queen Elizabeth II
C) An Indian media executive
D) The British Order of the Empire
E) The Most Excellent BBC Chairman
Answer: A) Dr. Samir Shah

• The British government has proposed India-born media executive Dr Samir Shah as the preferred candidate to assume the role of the new BBC chairman.
• He is set to succeed Richard Sharp, who resigned following scrutiny over his improper communications with former Prime Minister Boris Johnson.
• Dr Samir Shah received The Most Excellent Order of the British Empire from Queen Elizabeth II in 2019 for his contributions to television.

About Samir Shah:

• Samir Shah, born in Aurangabad, Maharashtra, India.
• In 1952, relocated to England with his family in 1960.
• Shah has also held positions as the BBC’s head of television current affairs, and has headed the corporation’s political journalism across radio and television.
• He was also appointed as non-executive director the BBC board in 2007.
• He was also on a three-member panel, to independently review the 2022 unrest in Leicester in the aftermath of an India-Pakistan cricket match.

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Awards – Daily Current Affairs December 07

8. What is the name of the prestigious arts accolade conferred in Singapore?
A) Cultural Laureate Award
B) Arts Excellence Medal
C) Singaporean Cultural Honor
D) Cultural Medallion
E) National Arts Prize
Answer: D) Cultural Medallion

• Indian-origin writer Meira Chand (81) was among the three Singaporeans conferred the Cultural Medallion, the city-state’s most prestigious arts accolade.
• Meira Chand, fellow novelist Suchen Christine Lim and Malay dance veteran Osman Abdul Hamid received the award from President Tharman Shanmugaratnam at a ceremony held at the Istana.
• The award comes with an SGD 80,000 (approximately Rs 49 lakh) grant for each recipient to support their artistic pursuits.
• A Singaporean of Swiss-Indian parentage, Meira Chand, along with Lim, is the first English-language female writer to be conferred the award since Ho Minfong in 1997.
• Her ‘The Painted Cage’ (1986) was longlisted for the prestigious Booker Prize.

The Cultural Medallion:

• The Cultural Medallion, instituted in 1979 by late President and then Minister of Culture Ong Teng Cheong, is the city-state’s “highest arts accolade, honouring individuals whose artistic excellence, contribution, and commitment have enriched and distinguished Singapore’s arts and culture scene.
• The award has been conferred to 132 artists in the fields of film, literary arts, performing arts, and visual arts.

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9. What award will Michelle Zárate Palomec and Sebastian Mwaura receive at COP28 in Dubai?
A) Nobel Peace Prize
B) UN Global Climate Action Award
C) Green Innovation Medal
D) Sustainable Development Trophy
E) Environmental Excellence Certificate
Answer: B) UN Global Climate Action Award

• Two young people will be selected as winners of the UN Global Climate Action Awards during the UN Climate Change Conference COP28 in Dubai.
• Michelle Zárate Palomec of Mexico and Sebastian Mwaura of Kenya were selected from hundreds of applicants from 120 countries for their outstanding efforts to make their communities more sustainable, resilient and equitable places to live.

Zárate Palomec – Mexico:

• He leads efforts within an organization called Espacio de Encuentro de las Culturas Originarias to provide access to clean and sufficient water for highly marginalized indigenous communities in the state of Oaxaca.

Sebastian Mwaura – Kenya:

• He is the co-founder of Yna Kenya, whose primary objective is to accelerate the adoption of electric vehicles by providing a robust charging network that is powered by renewable energy sources.
• He also started the HerGo programme to bring women into the e-mobility transport sector, aiming at creating 12,000 jobs for women as drivers and charging-station owners.

About UN Climate Action Awards:

• The Awards have been spearheaded by UN Climate Change since 2011.
• The 2023 edition of the Awards are implemented in partnership with the International Renewable Energy Agency (IRENA), the International Union for Conservation of Nature (IUCN), and the Permanent Representative of the United Arab Emirates to IRENA.

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Science and Technology – Daily Current Affairs December 07

10. What is the name of the new group launched by Meta and IBM to advocate for an “open-science” approach to AI development?
A) OpenAI Consortium
B) AI Collaboration Network
C) Meta-IBM Alliance
D) AI Innovation Coalition
E) AI Alliance
Answer: E) AI Alliance

• Facebook’s parent company, Meta, and IBM launched a new group called the AI Alliance advocating for an “open-science” approach to AI development.
• The AI Alliance – led by IBM and Meta and including Dell, Sony, the chipmakers AMD and Intel and several universities and AI startups.

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International Affairs – Daily Current Affairs December 07

11. What is the target deadline for achieving the combined commitment of 5 GW of Battery Energy Storage Systems set by the BESS consortium?
A) 2022
B) 2023
C) 2024
D) 2025
E) 2030
Answer: C) 2024

• At the 2023 United Nations Climate Change Conference (COP28), India has officially become a member of the Battery Energy Storage Systems (BESS) consortium, an ambitious initiative launched by the Global Leadership Council of the Global Energy Alliance for People and Planet (GEAPP).
• The primary objective of the consortium is to achieve a combined commitment of 5 GW of Battery Energy Storage Systems by the end of 2024.
• By 2026, GEAPP aims to reach a 1 GW BESS target for distribution companies in India.
• The first BESS project, with a capacity of 20 MW/40 MWh, was recently awarded to IndiGrid in Delhi.
• GEAPP is set to offer subsidized debt financing covering 70 percent of the overall capital investment, while also providing crucial technical assistance to ensure the success of the project.
• BESS Consortium has garnered support from a range of resource partners, including the African Development Bank, the World Bank, Asian Development Bank, Inter-American Development Bank, Agence Française de Développement, German Agency for International Cooperation, RMI, Africa50, Masdar, Infinity Power, COP28 Presidency, AMEA Power, National Renewable Energy Laboratory, Net Zero World, and Sustainable Energy for All.
• These partners are providing valuable support to the consortium’s pioneering nations, including Barbados, Belize, Egypt, Ghana, Kenya, Malawi, Mauritania, Mozambique, Nigeria, Indonesia, and Togo

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National Affairs – Daily Current Affairs December 07

12. What is Garo Dakmanda, recently awarded the GI tag?
A) Traditional dance form
B) Traditional dress
C) Handicraft technique
D) Indigenous language
E) Local cuisine
Answer: B) Traditional dress

• In addition to Lakadong turmeric, Garo Dakmanda (traditional dress), Larnai pottery, and Garo Chubitchi (alcoholic beverage) have also received the GI tag.
• Lakadong turmeric, cultivated in the Lakadong area of Jaintia Hills, boasts a high curcumin content ranging from 6.8 to 7.5 percent.
• Grown organically without the use of fertilisers, it exhibits a darker colour.
• Currently, around 14,000 farmers across 43 villages in the Lakadong area cultivate this turmeric variety on 1,753 hectares of land.
• Note: Trinity Saioo, a Lakadong farmer who received the Padma Shri in 2021 for encouraging turmeric cultivation.

Recent GI Tag Products:

• Meghalaya – Lakadong Turmeric
• Dakmanda, a traditional garment worn by Garo women
• Chubitchi, a rice-based fermented drink of the Garo community
• Larnai pottery, crafted from black clay in Larnai village

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13. What political party did Lalduhoma lead in the recent elections in Mizoram?
A) Zoram People’s Party
B) Mizoram Chief Party
C) Zoram People Movement
D) Mizoram Victory Party
E) Mizoram Progressive Alliance
Answer: C) Zoram People Movement

• Zoram People Movement leader Lalduhoma elected as a Chief Minister of Mizoram.
• ZPM secured a significant victory by winning 27 out of a total 40 seats.

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14. How many districts and aspirational blocks participated in the virtual event where the delta rankings of the Aspirational Blocks Programme were announced by NITI Aayog?
A) 100 districts and 200 blocks
B) 200 districts and 300 blocks
C) 300 districts and 400 blocks
D) 329 districts and 500 blocks
E) 400 districts and 600 blocks
Answer: D) 329 districts and 500 blocks

• Tiriyani Block of Kumuram Bheem ,Asifabad district, Telangana secured the top position in the first delta rankings of Aspirational Blocks Programme (ABP) announced by NITI Aayog.
• The second position was bagged by Kaushambi block of Kaushambi District, Uttar Pradesh.
• The rankings were announced in a virtual event at NITI Aayog which saw participation of 329 districts and 500 aspirational blocks from across the country.
• The ranking of the blocks has been calculated on the basis of performance of blocks and progress achieved in the Key Performance Indicators (KPIs) in the month of June, 2023.

Aspirational Block Programme:

1. 1. 1. 1. 1. Tiriyani Block of Kumuram Bheem ,Asifabad district, Telangana
            2. Kaushambi block of Kaushambi District, Uttar Pradesh.

Aspirational District Programme:

1. 1. 1. 1. 1. Rayagada (Odisha)
            2. Jamui (Bihar)

Wall of Fame:

• The top rankers of ABP and ADP will be displayed on the Wall Fall made at NITI Aayog.
• Hon’ble Vice Chairman along with Hon’ble Members of NITI Aayog inaugurated the Wall of Fame. The Wall of fame highlights the key milestones of Aspirational Blocks Programme and Aspirational Districts Programme with a vision to create Viksit Bharat by 2047.
• It celebrates the achievements of the best performing Aspirational Blocks and Aspirational Districts in the country.

Rankings:

• The blocks have also been geographically divided into six zones and two blocks from each zone have been given rankings.

Zone 1 – Hilly and North-eastern States as well as Islands

• The first and second position went to Amri block, West Karbi Anglong, Assam and Ngopa block, Saitual Mizoram.

Zone 2 – The northern Indian states

• Harraiya block, Basti, Uttar Pradesh and Virno block, Ghazipur, Uttar Pradesh achieved the first and second spot.

Zone 3 – Southern states

• Maski block, Raichur, Karnataka and Narnoor, Adilabad, Telangana were declared the top rankers.

Zone 4 – Western Indian States

• Sironcha and Aheri blocks in Gadhichiroli district, Maharashtra emerged winners.

Zone 5 – Central India

• Tirla block of Dhar district and Pati block of Barwani District, both in Madhya Pradesh as winners.

Zone 6 – Eastern India

• Andar, Siwan, Bihar and Ramgarh in Dumka, Jharkhand as the top rankers.
• The winners will be felicitated with a prize amount of Rs. 1.5 crores for top rank and Rs. 1 crores for second rank in all zonal categories.

Background:

The Aspirational Blocks Programme (ABP)

• ABP was launched on January 7, 2023.
• ABP focuses on improving governance to enhance the quality of life of citizens in the most difficult and relatively underdeveloped blocks of India.
• 500 blocks from 329 districts across 27 states and 4 Union Territories of India are part of the programme.
• The Programme strategy is based on convergence of existing schemes, defining outcomes, and monitoring them on a constant basis.
• 40 key performance indicators (KPIs) were chosen to measure progress of the blocks which have been grouped into 5 themes.
• The baseline data of March 31, 2023 and of the first quarter on June 30, 2023 of 500 Aspirational Blocks was sourced through Management Information System of 11 ministries.
• The 1st Delta rank has been calculated on the basis of improvement made in the first quarter.

Keypersons:

• Shri Suman Bery, Hon’ble Vice Chairman, NITI Aayog.
• CEO NITI Aayog, Shri BVR Subrahmanyam
• Members NITI Aayog, Prof. Ramesh Chand, Dr. V.K. Paul and Dr. Arvind Virmani

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Over All Review

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