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Important Current Affairs 1st December 2021

INTERNATIONAL

South Korea hopes to build sustainable floating city by 2025

• South Korea is soon going to get the world’s first floating city, to deal with the problem of floods due to rising sea levels. The floating city project is a joint effort by the UN Human Settlement Programme (UN-Habit) and OCEANIX. The city will be built off the coast of Busan in South Korea and is likely to be completed by 2025.

• The floating city will have ‘flood-proof infrastructure’ and comprise several man-made islands to eliminate the risk of flooding. The self-sufficient city will be specifically designed to withstand natural disasters like tsunamis, floods, and Category 5 hurricanes.

Merriam-Webster chooses vaccine as the 2021 word of the year

• The American publishing company Merriam-Webster has chosen the word “vaccine” as its 2021 Word of the Year. Merriam-Webster is America’s most trusted online dictionary for English word definitions, meanings, and pronunciation. It has been declaring the word of the year since 2008. The word “vaccine” saw a 601 percent increase in definition lookups over the year, compared to 2020.

NATIONAL

First ever Aharbal Festival held in Kulgam 

• Kulgam district administration and the Department of Tourism, Jammu & Kashmir organized the 1st ever Aharbal Festival at Kulgam, J & K to promote tourism in Kashmir, particularly at the Aharbal waterfall. Aharbal falls, also known as “Niagara Falls” of Kashmir, is a hill station in the southwestern part of Kashmir Valley in the Jammu and Kashmir.

• The department organized the 1st ever Lolab festival, a one-day festival at Chandigam Lolab in north Kashmir’s Kupwara district, J&K, and Doodhpathri Festival, a 3-day tourism festival at Budgam, J&K, to promote Doodhpathri as an attractive tourist destination.

IISF 2021: Science Film Festival To Be Part Of 4-Day Event In Goa From December 10

• The 7th edition of the four-day India International Science Festival (IISF) is scheduled to be held in Panaji, Goa, from December 10 to 13, 2021. The festival theme in 2021 is “Celebrating Creativity in Science, Technology and Innovation for Prosperous India”. The first IISF was held in New Delhi in 2015.

• The Goa-based National Centre for Polar and Ocean Research (NCPOR), under the Ministry of Earth Sciences, is the nodal agency to organise IISF 2021. The festival will be organised jointly with the Departments of Atomic Energy (DAE), Science and Technology (DST), Biotechnology (DBT), and Space (DoS) and the Council for Scientific and Industrial Research (CSIR).

APPOINTMENT & RESIGNATION

UAE’s Ahmed Al Raisi elected Interpol president for 4-year term

• The International Criminal Police Organization (INTERPOL) has elected Inspector General Ahmed Naser Al-Raisi (United Arab Emirates) as its President for a 4-year term at the 89th Interpol general assembly meeting held in Istanbul, Turkey. He replaces Kim Jong Yan from South Korea.

• In the final round, the UAE candidate received 68.9 per cent of votes cast by member countries. As president, Al Raisi’s role during his four-year term will be to chair meetings of the executive committee which supervises the implementation of decisions taken at the General Assembly.

OBITUARY

Stephen Sondheim, Titan of the American Musical, Is Dead at 91

• Veteran composer and lyricist, Stephen Joshua Sondheim has passed away at the age of 91 in Connecticut, United States (US). He received 8 Tony Awards, a Special Tony Award 2008 for lifetime achievement in the theatre. He also received a Pulitzer Prize (‘Sunday in the Park’), and an Academy Award for the song ‘Sooner or Later’. Also won several awards like eight Grammy Awards, Presidential Medal of Freedom 2015, etc.

 IMPORTANT DAYS

BSF Raising Day 2021: December 01

• The Border Security Force (BSF) is celebrating its 57th Raising Day on 01 December 2021. BSF was formed on December 1, 1965 as a unified central agency after the Indo-Pak and India-China wars for ensuring the security of the borders of India and for matters connected therewith. It is one of the five Central Armed Police Forces of the Union of India and stands as the world’s largest border guarding force. BSF has been termed as the First Line of Defence of Indian Territories.

BOOKS & AUTHOR

Book “Indian Innings: The Journey of Indian Cricket from 1947” authored by Ayaz Memon

• A book titled ‘Indian Innings: The Journey of Indian Cricket from 1947’ authored by Ayaz Memon released. It is an anthology of Indian Cricket and marked several insights of Indian cricket of the last 70 years. The book has covered the era of veteran cricketers K N Prabhu to P N Sundaresan and Dicky Rutnagar to Ramachandra Guha and Suresh Menon, those years of famous victories consist of experiences about World Cups, various Test cricket, etc.

BANKING AND ECONOMIC

HSBC India launches recycled PVC plastic credit card

• HSBC India has launched India’s 1st credit card made from recycled PVC (Polyvinyl chloride) plastic. The cards have been introduced in partnership with global cards manufacturer IDEMIA to gradually eliminate single-use PVC plastic. The cards are made from 85 per cent recycled plastic and each card will save 3.18gm of plastic waste in addition to helping lower overall carbon emission.

• The card was launched as a part of a new program launched by HSBC Group to introduce sustainable cards across all its global locations to support its global commitments to sustainability and a net-zero in its operations by 2030.

LIC gets RBI approval to hike stake in KMB to 9.9%

• The Reserve Bank of India (RBI) has given its approval to Life Insurance Corporation (LIC) to raise its stake in private lender Kotak Mahindra Bank to 9.99 per cent. Currently, LIC holds 4.96% stake in the private lender. Kotak Mahindra Bank Limited has received an intimation from LIC stating that the RBI had granted its approval to LIC, for increasing its holding in the Bank up to 9.99 per cent of the paid-up equity share capital of the Bank.

• The approval of the central bank will be valid for one year. As per RBI norms, prior approval of the RBI is required to increase the stake in private banks beyond 5 per cent.

• LIC is one of the biggest institutional investors in India’s stock market and has a stake in a number of private and public sector banks. LIC has a stake in as many 24 scheduled commercial banks, data from Capitaline shows.

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