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Important Current Affairs 6th December 2021

NATIONAL

PM Narendra Modi inaugurated and laid the foundation stone of multiple projects worth Rs 18000 crore at Dehradun

• Prime Minister Narendra Modi has inaugurated and laid the foundation stone of multiple projects worth Rs 18,000 crore at Dehradun, Uttarakhand. The 7 projects inaugurated consist of initiatives focusing on making travel safer including the 120 MW Vyasi Hydroelectric Project, along with Himalayan Culture Centre in Dehradun.

• The 11 projects for which the foundation has been laid include the Delhi-Dehradun Economic Corridor which will be built at a cost of Rs 8,300 crore. It will have Asia’s largest wildlife elevated corridor (12 kilometres) for unrestricted wildlife movement. The expressway will reduce the distance between the two cities from 248 km at present to 180 km.

• PM Modi laid the foundation stone for the Dehradun – Paonta Sahib (Himachal Pradesh) road project, being constructed at a cost of around Rs 1700 crore.

Amitabh Kant launched Genesys International’s digital twin platform of urban

• Genesys International has launched its pan India program to make the Digital Twin of the entire Urban India. The launch programme was inaugurated by Amitabh Kant, CEO, NITI Aayog. The creation of this very accurate 3D data will mean a host of applications would open up in high-definition mapping, which was hitherto not possible, for smart cars, e-commerce, logistics, gaming, utilities planning for next-generation networks in telecom, renewable energy and in disaster management and emergency response.

• Moreover, with all the smart city components, the digital twin of cities will put India on the map with advanced cities that are now using this geospatial technology. Genesys has a constellation of advanced sensors in India, consisting of aerial mobile and terrestrial systems capable of imaging at very high speeds and resolution. Genesys has also filed for patents in unique Geocoding for addressing 3D data as well as automated capture of features from 3D Street map imagery.

APPOINTMENT & RESIGNATION

Ravindra Jadeja Appointed as Brand Ambassador of Kinara Capital

• Bangalore based innovative, fast-growing fintech, Kinara Capital signed the Indian cricketer Ravindra Jadeja, as its official brand ambassador on the occasion of the company’s 10th anniversary. Kinara Capital provide loan service to India’s MSMEs. Till date, Kinara Capital has disbursed 70,000 collateral-free loans. With this partnership, Kinara aims to boost its outreach in financing the MSME sector in the country. With a current AUM of INR 1000 crores, Kinara Capital plans to grow 500 per cent by the year 2025. 

Oyo appointed SBI's former Chairman Rajnish Kumar strategic group advisor

• IPO-bound hospitality unicorn Oyo Hotels and Homes (Oyo) has appointed Rajnish Kumar, former Chairman of State Bank of India (SBI) as Strategic Group Advisor. In his role, Kumar will advise Oyo’s management on short-term and long-term strategy, regulatory and stakeholder engagement, and enhancing the brand of the company globally. He is currently a part of the boards of HSBC Asia Pacific, L&T infotech, Hero Motocorp and BharatPe.

OBITUARY

Veteran journalist Vinod Dua passes away at 67

• Veteran journalist Vinod Dua passed away recently. He was one of the pioneers in Hindi broadcast journalism, worked with Doordarshan to present the youth programme Yuva Manch in the mid-’70s and later with several other television news channels. He was an integral part of NDTV’s journey as well. His much-loved food show ‘Zaika India Ka’ saw him crisscrossing the whole country just for the best taste.

• More recently, he was known for his political commentary in web shows for digital media platforms The Wire and HW News. Mr Dua was honoured with several awards for his contribution to journalism.

IMPORTANT DAYS

International Civil Aviation Day 2021: 7 December

• International Civil Aviation Day is celebrated every year on December 7 to recognize the importance of aviation to the social and economic development of the world. The purpose of International Civil Aviation Day is to help generate and reinforce worldwide awareness of the importance of international civil aviation to the social and economic development of States, and of the unique role of ICAO in helping States to cooperate and realize a truly global rapid transit network at the service of all mankind.

• The Council has decided that from now until 2023, the theme will be: “Advancing Innovation for Global Aviation Development”.

Nation remembers BR Ambedkar on his 66th death anniversary in 2021

• India observes December 6 as Mahaparinirvan Divas every year to mark the death anniversary of Dr Bhimrao Ramji Ambedkar, who fought for the economic and social empowerment of Dalits in the country. He was popularly known as Babasaheb Ambedkar passed away on December 6, 1956. The Union government has decided to celebrate Mahaparinirvan Divas as part of the major commemoration of ‘Azadi Ka Amrit Mahotsav.

• Bhimrao Ambedkar was born in Madhya Pradesh’s Mhow, Ambedkar was the 14th and the last child of his parents. He was primarily an Economist and educationist.

• Babasaheb was also the flag bearer of India’s Dalit Activism, is called the chief architect of the Indian Constitution.

BANKING AND ECONOMIC

Goldman Sachs has estimated India's GDP growth at 9.1 per cent in 2022

• Wall Street brokerage, Goldman Sachs has estimated India’s GDP growth at 9.1 per cent in 2022. After India’s economy contracted by a sharp 7 per cent in 2020, Goldman Sachs pegged the economy to grow at 8 per cent in 2021 and 9.1 per cent in 2022. It earlier estimated India’s economic growth to 11.1 per cent in the fiscal year to March 31, 2022.

IDFC FIRST Bank debuts with India’s first standalone metal debit card

• IDFC FIRST Bank announced the launch of FIRST Private Infinite, the country’s first-ever standalone metal debit card, in partnership with Visa. FIRST Private Infinite is a lifetime free card designed specifically for customers who are part of the Bank’s FIRST Private program, premium savings and wealth offering. The FIRST Private program offers an unrivalled banking and investment experience to customers and comes with a range of exceptional investment, banking, lifestyle and wellness benefits.

• IDFC FIRST Bank offers a comprehensive digital savings account solution that includes a seamless online account opening process, video KYC and a new-age digital platform for mobile and net banking with an easy-to-navigate user interface. The Bank’s digital wealth management solutions are available to customers on the mobile app and net banking platform which offer unique features such as a ‘Consolidated Investment Dashboard’.

Gujarat has surpassed Maharashtra to become India's leading manufacturing hub

• Gujarat has left behind Maharashtra to become the country’s leading manufacturing hub, according to data from the Reserve Bank of India (RBI). Gujarat saw its Gross Value Addition (GVA) in manufacturing grow by 15.9 per cent annually between FY12 to FY20 to stand at Rs 5.11 lakh crore, data shows. GVA is an economic metric that measures the supply of goods and services in an economy.

• Meanwhile, Maharashtra’s annual growth rate stood at nearly half of Gujarat’s at 7.5 per cent for the same time period and its GVA for manufacturing stood at Rs 4.34 lakh crore in FY20. Maharashtra is still the leading provider of services in India, with the state’s services GVA growing by 12.6 per cent annually, standing at Rs 15.1 lakh crore in FY20.

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