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Important Current Affairs 3rd December 2021

INTERNATIONAL

Bangladesh and US kick off bilateral maritime exercise CARAT for a free and open Indo-Pacific

•US military personnel and Bangladesh Navy (BN) began the 27th annual Cooperation Afloat Readiness and Training (CARAT) maritime exercise virtually from 1 December in the Bay of Bengal. The nine-day exercise focuses on a wide range of naval capabilities and includes cooperative actions that demonstrate the US and Bangladesh’s capacity to work together to ensure a free and open Indo-Pacific.

•CARAT is to promote regional cooperation and build relationships, according to Bangladesh Navy Fleet Commander Rear Admiral S M Abdul Kalam Azad. Since 2011, the Bangladesh Navy has been participating in the CARAT exercise, which is celebrating its 27th anniversary this year.

Sweden gets first female prime minister for second time in less than a week

•The former Finance Minister of Sweden, Eva Magdalena Andersson from the Social Democratic Party (SDP) won her 2nd election and became the 1st female Prime Minister (PM) of Sweden. On 24 November 2021, she was first elected as the PM but later resigned after her coalition partner (Green Party) quit the government and the budget failed to pass. Swedan’s Parliament is known as Riksdag. Sweden is the last Nordic country to get a female Prime Minister.

•Magdalena Andersson was born on 23 January 1967. She is a 54-year-old Swedish politician and economist serving as the PM from the Social Democratic Party or SDP.

•She began her political career as a political adviser to then PM Goran Persson in 1996 and then as Director of Planning.

•In 2004 she began to work in the Ministry of Finance as State Secretary.

•She became the head of the SDP on November 4, 2021. She is the second woman leader of the SDP.

NATIONAL

Nagaland begins Hornbill Festival 2021 celebration at Naga Heritage village, Kisama in Kohima

•The biggest cultural extravaganza of Nagaland, the Hornbill Festival has kicked off with colorful renditions of traditional music, dances, and contemporary in one roof at Naga Heritage village Kisama. It is the 22nd edition of the Hornbill festival and will be celebrated in 6 districts of Nagaland. More than 282,800 people visited the festival during the 20th edition in 2019, including over 3,000 foreign tourists and at least 55,500 domestic visitors.

•This year’s edition of Nagaland’s iconic Hornbill Festival, widely hailed as the “festival of festivals”, will be held in its traditional format, starting on December 1 after it was held virtually last year due to the Covid-19 pandemic. The opening ceremony culminated with the flight of the Hornbill- A musical presentation by Task Force for Music and Arts Nagaland.

India joins G20 Troika, to assume G20 presidency on Dec 1 next year

•India has joined ‘G20 Troika’ and will work closely with Indonesia and Italy to ensure consistency and continuity of G20’s agenda. Apart from India, Troika consists of Indonesia and Italy. India will assume G20 Presidency in December 2022 from Indonesia and will convene the G20 Leaders’ Summit for the first time in 2023. Troika refers to the top grouping within G20 that consists of the current, previous, and incoming presidencies (Indonesia, Italy and India).

•Italy hosted the G20 summit during October 30-31 that was attended by Prime Minister Narendra Modi where India had raised the issue of Afghanistan’s future following the takeover by the Taliban.

•Indonesia took over the G20 presidency on December 01, 2021.

SPORTS

Anju Bobby George the first Indian athlete to win a medal at the world championships

•Legendary Indian athlete, Anju Bobby George has been bestowed with the Woman of the Year Award by World Athletics for grooming talent in the country and for her advocacy of gender equality. In 2016, she formed a sports academy for young girls. Through this, she has helped India advance in sports and also inspire more women to follow in her footsteps. She is also presented with the award for advocating gender equality. Anju, the only Indian to have won a medal in the World Championships with a long jump bronze in the 2003 edition.

•She is a gold medallist in the 2005 IAAF World Athletics Finals.

•She was the first Indian athlete to win a bronze medal in the long jump at the World Championships in Athletics held in 2013 in Paris.

APPOINTMENT & RESIGNATION

Sambit Patra appointed as chairman of ITDC

•Sambit Patra has been appointed as the chairman of India Tourism Development Corporation (ITDC) by the Appointments Committee of the Cabinet. IAS officer, G. Kamala Vardhana Rao will hold the post of managing director of ITDC. The India Tourism Development Corporation is a hospitality, retail, and education company owned by the Government of India, under the Ministry of Tourism. Earlier, Patra had served as an independent Director of ONGC.

•Appointment of Dr Sambit Patra as Part-Time Non-Executive Director & Chairman of ITDC for a period of three years from the date of assumption of charge, or until further orders, whichever is earlier.

OBITUARY

Padma Shri awardee ‘Sirivennela’ Seetharama Sastry passes away

•The renowned Telugu film lyricist and Padma Shri awardee, ‘Sirivennela’ Chembolu Seetharama Sastry passed away at the age of 66 years. He was born on May 20th, 1955 in Anakapalle village in Visakhapatnam district, Andhra Pradesh. He launched his first song in the film, ‘Janani Janmabhoomi’ directed by K Viswanath.

•In 1986 the movie ‘Sirivennela’ directed by K Viswanath made him famous and also gave him a second name as ‘Sirivennela’ Seetharama Sastry. He got the first ‘Nandi Award for best lyricist for ‘Sirivennela’, presented by the Andhra Pradesh state government. Filmfare Award for Best Lyricist- Telugu, Padma Shri (2019) and He won ‘Nandi’ Awards several times.

IMPORTANT DAYS

World Day of the Handicapped 2021: 3rd December

•World Handicapped day also known as the International Day of Persons with disabilities is observed every year on 3rd December globally. The day is marked and observed to support critical issues which are related to the inclusion of persons with disabilities. The IDPWD day was proclaimed in 1992 by the United Nations General Assembly.

•The theme of the World Day of the Handicapped 2021 is the Leadership and participation of persons with disabilities. The day is celebrated to promote the rights and well-being of persons with disabilities in all spheres of society and development, and to increase awareness of the situation of persons with disabilities in every aspect of political, social, economic and cultural life.

AWARDS & RECOGNITION

Bihar bagged gold medal in the 40th India International Trade Fair

•Union Commerce and Industry Minister, Piyush Goyal has inaugurated the 40th edition of the India International Trade Fair (IITF) 2021 at Pragati Maidan in Delhi. It was organized by the India Trade Promotion Organisation with ‘Aatmanirbhar Bharat’ as the theme and to further promote the idea of ‘Vocal for Local’. Bihar is the partner state for the 40th IITF and the focus states are Uttar Pradesh and Jharkhand.

•The Bihar pavilion won the 6th gold medal by showcasing the state’s art and cultural richness through handicrafts like Madhubani, Manjusha arts, terracotta, handlooms, and other indigenous products of the state at IITF 2021. Piyush Goyal listed five pillars of India as Economy, Exports, Infrastructure, Demand, and Diversity.

BANKING AND ECONOMIC

RBI appoints three-member panel to advise Reliance Capital administrator

•Reserve Bank of India (RBI) superseded the Board of Directors of Reliance Capital Ltd (RCL), a Non-Banking Financial Company (NBFC), by exercising its power conferred under Section 45-IE (1) of the RBI Act, 1934. RCL is promoted by Anil Dhirubhai Ambani’s Reliance Group. In this regard, the apex bank has appointed Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) as the Administrator of the company under Section 45-IE (2) of the RBI Act. The reason behind this is the defaults made by RCL for various debt obligations payments and serious governance concerns.

•The Central Bank will also apply to the National Company Law Tribunal (NCLT) for appointing the administrator as the Insolvency Resolution Professional. Reliance Capital will become the third non-banking financial company to go under the insolvency procedure after DHFL and Srei Group companies. A part of Anil Dhirubhai Ambani Group, Reliance Capital has repeatedly failed to repay its debt obligations.

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