1) “National Symposium of Poets 2020” organized by All India Radio
•All India Radio organized the National Symposium of Poets 2020. Select poets of all 22 languages recognized in the constitution participated in the symposium. It is being held every year since 1956. The poets from all corners of the country gave their presentations and captivated the hearts of the people during the symposium.
•The symposium will be broadcasted on the eve of Republic Day and at all the centers of AIR.
2) China launches its largest carrier rocket “Long March-5”
•China has successfully launched its largest carrier rocket “Long March-5“. The rocket was launched from Wenchang Space Launch Center in south China’s Hainan Province. The rocket is also known as CZ-5. It was China’s third attempt to launch the rocket.
•The Chinese rocket carried the Shijian-20 satellite, a communication satellite and placed it into its designated orbit. The Shijian-20 satellite will lay the foundation for the development of highly sensitive space probes. It is China’s heaviest and most advanced communications satellite in geosynchronous orbit.
3) Russia deploys its 1st Avangard Hypersonic missile system
•Russia’s 1st missile unit equipped with Avangard Hypersonic glide vehicle enters into service. Russia’s defence ministry stated that a new hypersonic weapon with latest strategic missiles of intercontinental range has became operational. The nuclear-capable missiles can travel more than 20 times the speed of sound. They have a “glide system” that affords great manoeuvrability and could make them impossible to defend against.
•The Avangard can carry a nuclear weapon of up to 2 megatons. Avangard is designed using new composite materials to withstand temperatures of up to 2,000 Celsius resulting from a flight through the atmosphere at hypersonic speeds.
4) IAF bids farewell to the iconic “MiG-27” fighter aircraft
•The Indian Air Force bids farewell to the iconic “MiG-27” with a decommissioning ceremony at the Jodhpur air base. The Mig 27 is a soviet origin aircraft that was built under licence by HAL and became a part of the IAF strike fleet in 1985. The jet contributed significantly in wars and peace-keeping operations and also emerged as the real hero in the 1999 Kargil war. It’s contribution in the Kargil war earned it the title ‘Bahadur’.
5) RBI directs large UCBs to report exposures above Rs 5 cr to CRILC
•The Reserve Bank of India has directed large cooperative banks to report all exposures of Rs 5 crore and more to the Central Repository of Information on Large Credits (CRILC). The move is aimed at early detection of financial distress. The aggregate exposure will include all fund-based and non-fund based exposures like partial credit enhancement, including investment exposure on the borrower. As per the new rules, Urban Cooperatives Banks are required to submit CRILC report on quarterly basis with effect from December 31, 2019.
•The CRILC was created by the Reserve Bank of India. CRILC constitutes commercial banks, all India financial institutions and certain non-banking financial companies with multiple objectives, which, among others, include strengthening offsite supervision and early recognition of financial distress.
6) A book titled “Politics of Opportunism” released by S Gurumurthy
•Noted Economist and Political Analyst S Gurumurthy released a book titled “Politics of Opportunism: Regional Parties, Coalitions, Centre-State Relations In India”. The book is authored by R P N Singh. The book throws light on the subject related to rise of regional parties and Centre-States relation.
•RNP Singh is a former officer of the Intelligence Bureau, Government of India. He has also earned the coveted Presidents Police Medal, Indian Police Medal, the Sukriti and Kautilya awards for his distinguished services.
