1) International Civil Aviation Day : 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.
2) National Armed Forces Flag Day celebrated on 7th December
•National armed forces day is also known as the National flag day of India. The day is every year celebrated and observed on 7th December. The aim to observe this day as the national armed forces day is to collect funds from the people for the betterment of armed forces. To know more about the national armed forces day, candidates are advised to read the article below.
3) PM Modi inaugurated multiple projects worth Rs 18,000 crore in Uttarakhand
•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.
4) RBI: Gujarat became India’s Largest 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.
5) Mathematician Nikhil Srivastava selected for inaugural AMS’s Ciprian Foias Award
•Indian-American mathematician, Nikhil Srivastava, who teaches at the University of California, Berkeley along with Adam Marcus and Daniel Spielman were awarded the First Ciprian Foias Prize in Operator Theory by the American Mathematical Society (AMS). Adam Marcus holds the Chair of Combinatorial Analysis at the Ecole Polytechnique Federale de Lausanne (EPFL) in Switzerland. Daniel Spielman is a Sterling Professor of Computer Science, a professor of statistics and data science, and a professor of mathematics.
•The $5,000 award has been given to Nikhil Srivastava for his work in developing and introducing techniques to understand the characteristic polynomial of matrices, including iterative sparsification. Nikhil Srivastava has earlier jointly won the George Polya Prize in 2014, and the Held prize in 2021 making this his third major award. He is an associate professor of mathematics at UC Berkeley.
6) PM Modi inaugurated thought Leadership Forum on FinTech ‘InFinity Forum’
•Prime Minister Narendra Modi virtually inaugurated a thought leadership forum on FinTech, ‘InFinity Forum’. The event was hosted by International Financial Services Centres Authority (IFSCA), under the aegis of the Government of India in collaboration with GIFT City and Bloomberg. Indonesia, South Africa and the United Kingdom were the partner countries in the 1st edition of the Forum.
•The Forum focused on the theme of ‘Beyond’ with various sub-themes. The sub-themes include FinTech beyond boundaries, FinTech beyond Finance, and FinTech Beyond Next, with a focus on how Quantum Computing could impact the nature of the Fintech industry in the future and promote new opportunities.
7) Adama Barrow wins second term as Gambia’s President
•The President of Gambia, Adama Barrow, won the second term as President during Gambia’s presidential election by achieving over 53% votes from 50 of 53 constituencies. He defeated his main challenger Ousainou Darboe who won 27.7% of vote. The results of the election were declared by Electoral commission Chairman Alieu Momarr Njai. Adama Barrow’s assumption as President 5 years ago ended more than 20 years of the dictatorship of former dictator Yahya Jammeh.
8) A new book titled “1971: Charge of the Gorkhas and Other Stories” released
•A new book that unearths true stories of the 1971 Indo-Pak war, ’1971: Charge of the Gorkhas and Other Stories, written by Rachna Bisht Rawat, was released. The book includes, from the story of the flight lieutenant who went missing after his plane crashed inside Pakistan to the ‘last khukri attack’ in modern military history.
9) Ravindra Jadeja ropes 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.
