Daily News

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National Sports Awards 2022: Sharath Kamal, Lakshya Sen, Nikhat Zareen, and others get prestigious awards

President Droupadi Murmu felicitated over 25 star Indian athletes at the National Sports Awards 2022 ceremony on November 30.

Over 25 athletes were presented with the Arjuna award while veteran table tennis player Achanta Sharath Kamal was presented with the all-important Major Dhyan Chand Khel Ratna award, which is the highest honour in India for a sportsperson.

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All players felicitated with the Arjuna award would receive Rs 15 lakh each.

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Max Financial Services gets Irdai nod to acquire 5.17% stake of Mitsui Sumitomo in Max Life

MFSL announced that it has received approval from the Insurance Regulatory and Development Authority of India (Irdai) to purchase the balance 5.17 per cent stake held by Mitsui Sumitomo Company Ltd (MSI) in Max Life.

Post completion of MSI balance stake buyout of 5.17 per cent, MFSL's shareholding in Max Life will increase to 87 per cent.

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RBI imposes Rs 1.25 crore penalty on Zoroastrian Co-operative Bank

RBI has imposed a penalty of Rs 1.25 crore on Zoroastrian Co-operative Bank, Mumbai for non-compliance with certain directions, including one related to discounting of bills. The bank had failed to comply with its directions on 'Discounting of Bills by UCBs - Restricted Letters of Credit (LC)' and the provisions of the Rules, as it discounted accommodation bills under LCs.

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WHO to use 'mpox' for monkeypox to tackle stigma

Monkeypox is to be renamed mpox, the World Health Organization announced, in a bid to avoid stigmatisation stemming from the existing name.

Monkeypox received its name because the virus was originally identified in monkeys kept for research in Denmark in 1958, but the disease is found in a number of animals, and most frequently in rodents.

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Aviation Minister Jyotiraditya Scindia flags off first commercial flight from Kolkata to Donyi-Polo Airport

It is considered as the beginning of a new chapter in Civil Aviation History of Arunachal Pradesh as from now onwards Arunachal Pradesh is going to have direct air-connectivity from Donyi-Polo Airport, Itanagar to Kolkata, Mumbai and other metro cities across the country.

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Donyi Polo Airport in Itanagar would be Arunachal Pradesh`s third airport.

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Govt exempts ISRO from provisions of explosives rule

The government has exempted the Indian Space Research Organisation (ISRO) from taking its approval for manufacturing, storage, use and transportation of solid propellant for space rockets to promote ease of doing business.

Earlier, ISRO was required to take a license from the Petroleum and Explosives Safety Organisations (PESO), an arm of the DPIIT.

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Current ISRO chairman: S Somanath.

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IIT Madras, Australian Varsities Collaborate To Launch 'Australia-India Centre For Energy' With Focus On SDGs

IIT Madras, in collaboration with Australian Universities, has established the 'Australia-India Center for Energy' (AICE) to work towards United Nations Sustainable Development Goals (SDGs). The two-day Energy Summit 2022, which IIT Madras is hosting in December, will witness the official launch of the virtual Center.

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Uttarakhand Ropes In Global Consultancy Firm McKinsey To Help Double State's Economy By 2027

Uttarakhand has hired McKinsey, a global management consultancy, with the aim of doubling its GDSP in the next five years. It has set the target of boosting the economy from ₹2.73 lakh crore to ₹5.5 lakh crore, which will be done by reporting a Compound Annual Growth Rate (CAGR) of 15% by 2027.

Under the Shashakt Uttarakhand mission, government has signed 2 yr agreement.

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Sebi Sets Up Panel To Review Corporate Takeover Rules

SEBI has set up three separate committees to reform the capital markets and improve ease of doing business. All three committees will be widely represented by various stakeholders and cover the key areas such as foreign portfolio investors (FPIs), takeover code and the newly-introduced concept of social stock exchanges (SSEs).

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International Lusophone Festival to be held from 3-6 December in Goa

Ministry of External Affairs (MEA) in partnership with Indian Council of Cultural Relations (ICCR) and the Goa government will organize the International Lusophone Festival in Goa from 3-6 December. The festival seeks to further India’s connect with the Lusophone world.

The International Lusophone Festival will be inaugurated by Pramod Sawant, CM of Goa.

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UNESCO recommends Great Barrier Reef world heritage site should be listed as ‘in danger’

The Great Barrier Reef should be placed on to a list of world heritage sites that are “in danger”, according to a recommendation from UN officials that urges Australia to take “accelerated action at all possible levels” on climate change.

UNESCO says the world’s biggest coral reef system should be placed on the list at the world heritage committee meeting next month.

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India extends USD 100 million financial assistance to Maldives to ease economic challenges

India has provided financial assistance of USD 100 million to the Maldives government amid the economic challenges faced by the country.

The financial support of US$ 100 million to the Maldives government will be provided through subscription in Maldives’ Government Domestic Treasury bonds by SBI, Male.

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President of the Maldives: Ibrahim Mohamed Solih.

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SEBI hikes debt funds’ limit to 12% in single issuer securities

In order to protect the interest of investors in securities and promote the development of market, SEBI has increased the investment limit of mutual funds (MFs) in debt instruments issued by a single issuer to 12% of the net asset value from 10%.

However, fund houses have to seek prior approval of boards of Trustees & Directors of the AMC before hitting the enhanced limit.

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SBM Bank India has announced a Strategic Partnership with OPEN to launch Asia’s First End-To-End Embedded Finance Platform

SBM Bank India and Open Financial Technologies announced a strategic partnership for launching Asia’s first end-to-end Embedded Finance platform- Zwitch- to offer a no-code, low-code and full-stack API solution that enables fintechs to build their own financial products using Zwitch’s tech stack, comprising of a drag-drop dashboard, low code plugins along with 300+ APIs.

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Yes Bank, Turtlefin launch 'EasyNsure' online insurance services platform

TurtleFin, India’s top insurtech platform, has collaborated with YES BANK, one of India’s major private sector banks, to develop EasyNsure, a complete technological platform. Turtlefin’s innovative API will enable the platform to provide a slew of holistic insurance solutions at the push of a button.

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South Korea’s Mina Sue Choi is Miss Earth 2022

South Korea’s Mina Sue Choi was crowned Miss Earth 2022 during the pageant’s coronation night at Cove Manila, Okada Hotel, Parañaque City.

Miss Fire 2022 is Andrea Aguilera of Colombia, Miss Water 2022 is Nadeen Ayoub of Palestine, and Miss Air 2022 is Sheridan Mortlock of Australia.

Jenny Ramp from Phillipines won the the Best in Fauna Costume award.

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Japan successfully uses steam to power lunar spacecraft

Japan’s space agency Jaxa has announced that it has successfully used steam to power its spacecraft, which was launched as one of the payloads aboard Nasa’s Orion spacecraft.

This is the world’s first successful orbit control beyond low Earth orbit using a water-fuel propulsion system.

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Lagrange points are places in space where gravity and centrifugal forces are in balance.

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GeM platform crosses 1 lakh crore rupees Gross Merchandise value

The Government e-Marketplace, GeM platform has crossed one lakh crore rupees Gross Merchandise value till 29 Nov for the financial year 2022-2023.

GeM is an online platform for public procurement in India which was launched in August 2016 with the objective of creating an open and transparent procurement platform for government buyers.

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GeM is a 100 percent Government owned & National Public Procurement Portal.

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World AIDS Day | 1 December

World AIDS Day is observed on December 1 and this year's theme is "Equalize."

Since 1988, World AIDS Day has been observed to spread awareness about this life-threatening condition caused by the human immunodeficiency virus (HIV). It is also observed to extend support to those who are fighting AIDS.

As per WHO's latest data, 38.4 mn people were living with AIDS in 2021.

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