Current Affairs 5 December 2023

We are here for you to provide the important Recent and Latest Current Affairs 5 December 2023, which have unique updates of Latest Current Affairs 2023 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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NATIONAL AFFAIRS

India’s Emission Intensity Reduced by 33% between 2005 and 2019i.According to a Government report titled ‘The Third National Communication to the United Nations Framework Convention on Climate Change’, India reduced its Gross Domestic Product (GDP) emission intensity by 33% between 2005 and 2019. This was 11 years ahead of the target.
ii.India’s average rate of emission reduction increased from 1.5% annually during 2014 – 2016 to 3% annually from 2016 – 2019. This is the fastest recorded rate of reduction so far across any country.
iii.India created an additional carbon sink of 1.97 Billion tonnes of CO2 equivalent during this period.
About United Arab Emirates (UAE)
Capital– Abu Dhabi
Currency– UAE Dirham
President– Mohammed bin Zayed Al Nahyan
>> Read Full News

Mercom India Report: Rooftop Solar Installations Rise 34.7% to 431 MW in July-Sep 2023According to ‘Q3 2023 Mercom India Rooftop Solar Report’ released by Mercom India Research, the rooftop solar installations in India registered a 34.7% year-on-year (YoY) jump to 431 MegaWatt (MW) in the third quarter (Q3- July-September) of calendar year (CY) 2023.

• With this India’s cumulative rooftop solar capacity reached 10.1 GigaWatts (GW) at the end of September 2023.

Key Findings:
i.Rooftop solar installations saw a significant increase in the first nine months (January – September) of 2023, reaching 1.3 GW, compared to 1.2 GW in the same period of 2022.

• As far as Q3 of 2022 is concerned, the installation capacity was at 320 MW.

ii.The increase in rooftop installation is due to a fall in module prices.
iii.In Q3 of 2023, average rooftop solar system cost fell 13.4% YoY and around 5% on a quarter-on-quarter (q-o-q) basis.
iv.The residential segment was the largest adopter of rooftop solar installation followed by commercial and industrial (C&I) market segments.
v.Rooftop solar tender announcements in Q3 2023 witnessed a decline of 61.6%, drop from 310.6 MW in Q3 2022 to 119 MW.
Key points:
i.Gujarat retained its top position in rooftop solar installations, contributing 26.7% to the cumulative installations, followed by Maharashtra (13.5%) and Rajasthan (8.3%).

• As of September 2023, the top 10 states collectively accounted for ~77% of the cumulative rooftop solar installations.

ii.Between Q3 2022 and Q3 2023, Kerala recorded the highest compounded growth of 15%, followed by Gujarat(7.3%) and Maharashtra (5.1%).
iii.Around 62% of the total tendered capacity during the quarter was for government buildings in Rajasthan, Gujarat, Kerala, and other states.

World’s First Portable Hospital ‘Aarogya Maitri Aid Cube’ Unveiled in Gurugram
The world’s first portable hospital, the ‘Aarogya Maitri Aid Cube,‘ which can be set up within one hour of arriving at the emergency site to treat the injured, was unveiled in Gurugram, Haryana.

• It was designed indigenously under Project BHISHM (Bharat Health Initiative for Sahyog Hita and Maitri).
• The modular trauma management and aid system is made up of 72 detachable mini-cubes, each being a specialised station for emergency response and humanitarian efforts.
• It can be used to treat as many as 200 patients with a range of injuries, including bullet injuries, burns, head, spinal, and chest injuries, minor surgeries, fractures, and major bleeding.

INTERNATIONAL AFFAIRS

India Ranks 49th in IMD’s “World Digital Competitiveness Ranking 2023”India Ranks 49th in the International Institute for Management Development (IMD)’s 7th edition of World Digital Competitiveness Ranking (WDCR) 2023. The report measures the capacity and readiness of 64 economies based on three broad categories which are: Knowledge, Technology and Future readiness.

• The U.S.A reclaimed its top position (Rank 1) which performs well in all three categories – Knowledge, Technology and Future Readiness.
• The report mentioned that India made a little progress in the field of cyber security knowledge (Rank 45) but perform low in the fields of technology and future readiness.

Note: In the previous edition of WDCR 2022 report, India was ranked at 44th position.
About International Institute for Management Development (IMD):
It is an independent academic institute which provides various business programmes.
President – Jean-François Manzoni
Established in – 1990
>> Read Full News

BANKING & FINANCE

ADB provided USD 200mn loan for U’khand’s Climate-Resilient Power System Development Projecti.On December 4, 2023, the Asian Development Bank (ADB) has approved a USD 200 Million loan for Uttarakhand Climate Resilient Power System Development Project to improve the quality, efficiency, and reliability of power supply, and aiding the state in achieving 24×7 power to its residents and transitioning to the use of clean energy.
ii.The Japan Fund for Prosperous and Resilient Asia and the Pacific, financed by the Government of Japan through ADB, will also provide USD 2 million grant to support livelihood enhancement, training, and awareness-raising activities of this project.
iii.ADB has unveiled an initiative to address climate and disaster risks in the crucial Hindu Kush Himalaya region, a vital water source supporting over a billion people across Asia.
About Asian Development Bank (ADB):
President – Masatsugu Asakawa
Headquarters – Mandaluyong City, Manila, Philippines
Establishment– 1966
Members – 68
>> Read Full News

Godrej Capital Nirmaan partners with DBS Bank India, Visa and Amazon to aid MSME growth
Godrej Capital, Non-Banking Finance Company (NBFC) arm of the Godrej Group, has partnered with DBS Bank India, Visa and Amazon as part of its Nirmaan digital platform initiative, aimed at providing an extensive range of services to micro, small, and medium enterprises (MSMEs).
i.This is in line with Nirmaan’s commitment to support MSMEs through diverse value-added services (VAS) to enhance market reach, financial assistance, legal and compliance simplification, employee welfare, and others.
ii.Nirmaan has expanded its collaborative model to include 13+ partners
iii.Under this partnership,

• Amazon will list MSME products in their website, and offer 3-month subscription to Amazon’s e-commerce exports program called Amazon Global Selling.
• Visa will provide a comprehensive payment solutions for MSMEs through the Nirmaan platform.

DBS Bank India will offer access to a comprehensive suite of VAS, featuring a customised current account.

ECONOMY & BUSINESS

Kerala Startup Mission Inks MoU with Business Finland to Boost Start-Up EcosystemKerala Startup Mission (KSUM) and Business Finland have signed a Memorandum of Understanding (MoU) to boost the startup ecosystems in India and Finland.

• A KSUM volunteer exchanged the MoU with Business Finland Senior Director Laura Lindeman, during the Slush 2023 held in Helsinki, Finland, from 30th November 2023 to 1st December 2023.

Note:

• Business Finland is a part of the Talent Boost program of the Ministry of Employment and the Economy in Finland.
• SLUSH is an annual event held in Helsinki, Finland which brings together entrepreneurs, investors, corporate professionals, policymakers, and venture capital firms on a common platform. It is organized by the students at Aalto University, Helsinki.

About MoU:
i.The MoU seeks to support and maintain regular contact for mutual exchange of information and knowledge related to the start-up ecosystems in both countries.
ii.Under the MoU, a collaboration platform – Kerala Finland Innovation Corridor will be established. This will function as a bridge to accomplish the various initiatives by both organisations.
iii.There will be research co-operation, joint events, visits, communication and marketing by both sides.
iv.The MoU will serve as a vital link fostering mutual innovation and market access within the ecosystems.
About KSUM
i.Established in 2006, KSUM is Kerala Government’s agency for promoting entrepreneurship in Kerala.
ii.It implements the Kerala Technology Startup Policy and supports the startup ecosystem through schemes and programs.
iii.It fosters technology-based entrepreneurship and builds the necessary infrastructure for high-end startup businesses.
About Finland:
President– Sauli Niinisto
Capital– Helsinki
Currency– Euro

AWARDS & RECOGNITIONS

Forbes Asia’s 2023 Heroes of Philanthropy List features 3 Indian: K.P. Singh, Nandan Nilekani, & Nikhil KamathThe Forbes Asia’s 2023 Heroes of Philanthropy list, the 17th edition of the annual unranked list, features 3 Indians: Kushal Pal Singh (K.P. Singh), Chairman Emeritus of DLF Limited; Nandan Nilekani, co-founder and Chairman of Infosys; and Nikhil Kamath, Co-founder and Chief Financial Officer, Zerodha.

• The list features a total of 15 philanthropists from the Asia-Pacific region.

Note: The list includes names from lifelong philanthropists to newcomers from the Asia-Pacific region.
About Forbes:
Chief Executive Officer (CEO)- Mike Federle
Headquarters– Jersey City, New Jersey, the United States of America (USA)
Founded in– 1917
>> Read Full News

Educate Girls Founder Safeena Husain Honoured with WISE Prize for Education 2023 Safeena Husain, the founder and board member of Educate Girls, was awarded the WISE Prize for Education 2023 by the Qatar Foundation at the 11th edition of the World Innovation Summit for Education (WISE) Summit held on 28th -29th November 2023.

• Safeena Husain became the first Indian woman to receive the WISE Prize for Education, and she received the WISE Prize medal along with USD 500,000 prize money.

WISE Prize for Education 2023:
Safeena Husain is recognized for her contribution to equality and access to education through her Educate Girls organisation, which empowers communities for girls’ education by partnering with the government to identify, enrol, and retain out-of-school girls across India.
About Safeena Husain:
i.Safeena Husain has been awarded the NITI Aayog Women Transforming India Award(2017), and the NDTV-L’Oréal Paris Women of Worth Award(2016).
ii.She also received the British Asian Trust’s Special Recognition Award for outstanding contribution to education.
About Educate Girls:
i.Educate Girls,an Indian Non-Governmental Organisation (NGO), established in 2007, enrolled 1.4 million girls in schools and supported education for more than 18.6 million children through the government education system.
ii.Educate Girls works with over 21,000 community-based gender champions in the most marginalised communities in India to break the cycle of inequality and exclusion.
iii.Educate Girls initiated the world’s first Development Impact Bond (DIB) in education, an outcomes-based financing model that achieved extraordinary results in both learning and enrolment.
iv.Educate Girls has received the prestigious Skoll Award(2015) the USAID Millennium Alliance Award(2014), the Stars Impact Award(2014), and the India Development Marketplace Award in 2011 from the World Bank.

• Educate Girls was one of the winners of the WISE Award in 2014.

About The WISE:
i.The WISE Prize for Education was established in 2011 by Her Highness Sheikha Moza bint Nasser, Chairperson and Co-Founder of the Qatar Foundation.
ii.The prestigious WISE Prize for Education was the first of its kind recognition given to an individual or a team for an outstanding, world-class contribution to education.
Note:
Madhav Chavan, co-founder of ‘Pratham’, a Mumbai-based NGO, was the recipient of the 2012 WISE Prize for providing quality education to millions of underserved children in India.

APPOINTMENTS & RESIGNATIONS

Renowned Cricketer Suresh Raina appointed as the Youth Voter Awareness Ambassador for Jammu & KashmirElection Commission of India (ECI) appointed Former (Retired) Indian cricketer Suresh Kumar Raina as the Youth Voter Awareness Ambassador for Union Territory (UT) Jammu & Kashmir (J&K), to create awareness among the youngsters to participate in the electoral process for higher voter turnout.

• Chief Electoral Officer (CEO) of J&K, Pandurang K Pole presented a letter of his appointment on 1st December, 2023.

i.ECI released a notification that individuals who are 18 year or above can enroll in the electoral rolls by submitting “Form No.6” for new elector registration by December 9, 2023.
ii.It has also mandated a special summary revision of photo electoral rolls in all parliamentary and assembly constituencies in UT J&K with January1, 2024 as the qualifying date.
About Suresh Raina:
Suresh Raina, the former Indian cricketer from Uttar Pradesh is a Left-handed batsman. He was a part of 2011 ICC Cricket World Cup (50 overs) winning squad and 2013 International Cricket Council (ICC) Champions Trophy Triumph. He was also the first Indian to have scored a hundred in all three formats of the game (Tests, One Day International & Twenty 20 International).

• He played his Debut international match against Sri Lanka in 2005 (ODI).
• Also his final international match against England in 2018 (ODI).

About Election Commission of India (ECI):
Chief Election Commissioner of India – Rajiv Kumar
Established – 1950.
Headquarters – New Delhi, Delhi
PNB MetLife appointed India’s Star Cricketer Smriti Mandhana its Ambassador
Smriti Mandhana, Vice Captain of Indian Women’s Cricket team has been appointed as the brand ambassador of PNB MetLife India Insurance Company Limited for their campaign “Karo Bade Sapno Ki Tayyari”.

• With this partnership, PNB MetLife hopes to inspire all Indians to dream big and enable them a secured future.

About Smriti Mandhana
Smriti Mandhana is one of the finest Indian woman cricketers and she was honored with International Cricket Council (ICC) Player of the year award twice (in 2019 and 2021). She was honored with Arjuna Award (2018) by Government of India for her exemplary performance in cricket.
About PNB MetLife:

• It is one of the main insurance companies in India, established in 2001.
• MetLife International Holdings LLC (MIHL) and Punjab National Bank (PNB) are the majority shareholders of in the company.
• Ashish Kumar Srivastava is the MD (Managing Director) and CEO (Chief Executive Officer) of PNB MetLife. Its headquarter is located in Mumbai, Maharashtra.

ACQUISITIONS & MERGERS

SBI’s Stake in Jio Payments Bank Drops to 23% in FY23 
State Bank of India’s (SBI) shareholding in Jio Payments Bank Limited reduced to 23% in Financial Year2022-23 (FY23) from 30% that SBI maintained since the inception of Jio Payments Bank.

• With shareholding less than 25%, SBI will not be able to restrict special resolutions in the payment bank.
• SBI has stayed away from two Jio Payments Bank rights issue while Reliance Industries Limited(RIL), has picked up 10 million shares on 29 November 2023, and 70 million on 23 January 2023.

Note: As per Section 114 of the Companies Act, 2013, a special resolution can be passed only when at least 75% members of the company vote in favour of the resolution.

• Jio Payments Bank was established as a joint venture of RIL and SBI and commenced operations as payment bank in 2018.

SPORTS

Indian Tennis Player Ramkumar Ramanathan Wins ITF Kalaburagi Open 2023
Indian tennis player Ramkumar Ramanathan won the men’s singles title of the International Tennis Federation(ITF) Kalaburagi Open 2023 by defeating David Pichler (Austria) in the finals held at the Chandrashekhar Patil Stadium, Kalaburagi, Karnataka.

• This marks his 3rd ITF title of 2023. He has recently won the men’s singles title in the ITF Dharwad Open (Oct’ 2023) in Dharwad (Karnataka) and the ITF Men’s Tennis Championship (Dec’ 23) in Mumbai (Maharashtra).
• Ramkumar received the prize money of USD 3200 and 25 ATP (Association of Tennis Professionals) points as the title winner, while David Pichler received USD 2120 and 16 ATP points as the runner-up.

The ITF Kalaburagi Open 2023 is part of the ITF Men’s World Tennis Tour and is played on hard courts.

• The ITF Men’s WTT incorporates two prize money levels of tournaments – USD 15,000 (M15) and USD 25,000 (M25). ITF Kalaburagi Open 2023 is a M25 event.

Kalaburagi Open 2023 Doubles title:
Japanese pair Ryuki Matsuda and Ryotaro Taguchi clinched the men’s doubles title by defeating David Pichler (Austria) and Nitin Kumar Sinha (India) in the finals.

IMPORTANT DAYS

International Day of Persons with Disabilities 2023- December 03  The United Nations (UN) International Day of Persons with Disabilities (IDPD) is annually observed across the globe on 3 December to promote an understanding of disability issues and mobilise support for the dignity, rights, and well-being of persons with disabilities.

• IDPD also seeks to increase awareness about the situation of persons with disabilities in every aspect of political, social, economic, and cultural life.

The 2023 theme of IDPD is, “United in action to rescue and achieve the Sustainable Development Goals (SDGs) for, with, and by persons with disabilities“.
Background:
i.In October 1992, as the UN Decade of Disabled Persons (1983–1992) drew to an end, the United Nations General Assembly (UNGA) adopted the resolution A/RES/47/3 and designated 3 December as an annual International Day of Disabled Persons.
ii.The 1st observance of International Day of Disabled Persons was marked on 3 December 1992.
In December 2007, the UN renamed the title International Day of Disabled Persons, observed every year on 3 December, as the International Day of Persons with Disabilities under the Convention on the Rights of Persons with Disabilities (CRPD) by the UNGA resolution A/RES/62/127.
iv.The 1st observance of the new title International Day of Persons with Disabilities was on 3 December 2008.
The President of India, Droupadi Murmu presented the National Awards for the Empowerment of Persons with Disabilities (Divyangjan) for the year 2023 at Vigyan Bhavan in New Delhi, Delhi on December 3, 2023, on the occasion of the International Day of Persons with Disabilities.
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International Day of Banks 2023 – December 4The United Nations (UN)’s International Day of Banks is annually observed across the globe on December 4 to recognise the vital role of banking systems in the Member States in contributing to the improvement of the standard of living.

• 4th December 2023 marks the observance of the 4th International Day of Banks. 

Background: 
i.In 2019, United Nations General Assembly (UNGA) adopted the resolution A/RES/74/245 proclaimed December 4 of every year as International Day of Banks.
ii.The first ever International Day of Banks was observed on 4th December 2020. 
About the United Nations (UN): 
Secretary-General- António Guterres
Headquarters- New York, United States of America (USA)
Establishment- 1945
>> Read Full News

Indian Navy Day 2023- December 04 Indian Navy Day is annually observed across India on December 4th to recognise the role and achievements of the Indian Navy in ensuring the safety of the nation.

• The day also honours the efforts and role of the Indian Navy in Operation Trident conducted during the Indo-Pakistan war in 1971.

Maratha Emperor (17th century) Chhatrapati Shivaji Bhonsle known as the Father of the Indian Navy, is commonly credited for laying the foundations of the Indian Navy.
Background:
i.On 21 October 1944, the Royal Indian Navy celebrated Navy Day for the first time.
ii.In due course and until 1972, Navy Day came to be celebrated on 15 December, and the week in which 15 December fell was observed as Navy Week.
iii.At the Senior Naval Officers Conference in May 1972, it was decided that Navy Day would be celebrated on 04 December to commemorate the very successful naval actions in the Arabian Sea and the Bay of Bengal during the Indo-Pakistan War, and Navy Week would be observed from 01 to 07 December.
About Indian Navy:
Chief of the Naval Staff (CNS)– Admiral R. Hari Kumar
Headquarters– New Delhi, Delhi
Motto– Sham No Varunah
>> Read Full News

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