Current Affairs

3^rd December 2022

Top 11 Daily Current Affairs: National & International News 

Here is the Daily Current Affairs of the 03rd December 2022 covering the following news headlines: International Day of Persons with Disabilities, Chipko Movement, Vijay Hazare Trophy, Superstars Of STEM, Urban Co-operative Banks.

Appointments News

1. Vijender Sharma elected as the President of the Institute of Cost Accountant of India

The Institute of Cost Accountants of India said that Vijender Sharma has been elected as the new president and Rakesh Bhalla as vice-president for 2022-23. The institute, which is a statutory body set up under an Act of Parliament, comes under the administrative control of Union Ministry of Corporate Affairs.

Mr. Vijender Sharma was Vice President and CMA Rakesh Bhalla was Central Council member and Chairman of Direct Tax Committee of the Institute in previous term 2021-22.

The Institute of Cost Accountants of India (ICAI-CMA) is a statutory body constituted under an act of the Parliament and is the regulator for the profession of Cost and Management Accountancy in India. Its qualified members are specialized in the field of Costing, Valuation, Insolvency Bankruptcy Code-2016 and Goods & Services (GST) Acts. The institute is also member of International accounting bodies. Having more than 60000 qualified members across the world.

Important takeaways for all competitive exams:

Institute of Cost Accountants of India Founded: 28 May 1959;

Institute of Cost Accountants of India Headquarters:  Kolkata, India.

2. Sanjay Kumar named as secretary of Department of School Education

IAS Sanjay Kumar took charge as Secretary of the Department of School Education and Literacy, Ministry of Education in Shashtri Bhawan in New Delhi.

Sanjay Kumar, a 1990-batch Bihar cadre IAS officer, was a former Secretary, Department of Youth Affairs, Ministry of Youth Affairs and Sports. He replaced Anita Karwal IAS upon her superannuation.

Sanjay Kumar held a meeting with the senior officials of the Ministry in which he reviewed the functioning of the department, autonomous bodies and various schemes relating to school education.

3. Rajeeva Laxman Karandikar named as chairperson of the National Statistical Commission

Government of India had appointed Rajeeva Laxman Karandikar, Professor Emeritus at Chennai Mathematical Institute (CMI), as the part-time chairperson of the National Statistical Commission (NSC) of India for a period of three years.

He will take up this role as an additional responsibility while continuing as Professor Emeritus at CMI. He joined CMI as a visiting professor in 2010, and officiated as the Director of CMI from January 2011 to April 2021.

NSC is an autonomous body formed in June 2005 under the recommendation of the Dr. C Rangarajan commission. The objective of its constitution was to reduce the problems faced by statistical agencies in the country with respect to the collection of data, and strengthen public trust in the numbers released by the Government of India. The chairperson of the Commission enjoys the status of a Minister of State, Government of India.

Important takeaways for all competitive exams:

National Statistical Commission Formed: 1 June 2005;

National Statistical Commission Headquarters: New Delhi.

Economy News

4. Rs. 1,45,867 crore gross GST revenue collected for November 2022

Goods and Services Tax (GST) collections for the month of November 2022 stood at Rs 1,45,867 crore, according to the data shared by finance ministry. The revenue for the month of November are 11% higher than the GST revenue in the same month last year, which itself was Rs 1,31,526 crore. This is the ninth straight month when collections from GST has remained above Rs 1.40 lakh crore.

The gross GST revenue collected in November 2022 came in at Rs 1,45,867 crore of which CGST is Rs 25,681 crore, SGST is Rs 32,651 crore, IGST is Rs 77,103 crore (including Rs 38,635 crore collected on import of goods) and Cess is ₹10,433 crore (including Rs 817 crore collected on import of goods). The government has settled Rs 33,997 crore to CGST and Rs 28,538 crore to SGST from IGST as regular settlement.

Banking News

5. Reserve Bank of India implements 4 tiered regulatory norms for UCB

 The Reserve Bank of India (RBI) has announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs). Besides, the central bank has come out with norms pertaining to the net worth and capital adequacy of these banks.

The Reserve Bank of India had constituted the Expert Committee on Urban Co-operative Banks, under the Chairmanship of Shri N. S. Vishwanathan, former Deputy Governor, Reserve Bank to examine the issues in urban cooperative banking sector and to review regulatory/ supervisory approach for strengthening the sector.

Based on the recommendations of the Expert Committee, RBI had released the Revised Regulatory Framework for Urban Co-operative Banks (UCBs) on July 19, 2022. The four-tiered regulatory framework, based on size of deposits of the UCBs, will come into force with immediate effect.

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Science and Technology News

6. 3 Indian-origin women scientists among Australia’s “Superstars Of STEM”

Three Indian-origin women are among 60 scientists, technologists, engineers, and mathematicians who have been selected as Australia’s Superstars of STEM. This initiative aims to smash society’s gender assumptions about scientists and increase the public visibility of females and non-binary people.

This year among those recognised as Superstars of STEM include three Indian-origin women: Neelima Kadiyala, Dr Ana Baburamani, and Dr Indrani Mukherjee. Female scientists of Sri Lankan descent have also been chosen for distinction, in addition to Indians.

Every year Science and Technology Australia (STA), which is the country’s peak body in the sector and represents more than 105,000 scientists and technologists, supports 60 Australian experts employed in Science, Technology, Engineering, and Mathematics (STEM) to become highly visible media and public role models.

The government intends to scale up the program, according to Australia’s Minister of Industry and Science Ed Husic, who spoke at the event. The national STEM Program is currently being reviewed by the government, and it is intended to be scaled up even more

Sports news

7. Vijay Hazare Trophy Final: Saurashtra beat Maharashtra by 5 wickets

Saurashtra beat Maharashtra by 5 wickets in the final to win the Vijay Hazare Trophy at the Narendra Modi Stadium in Ahmedabad, Gujarat.

They restricted Maharashtra at 248/9 in 50 overs as captain Ruturaj Gaikwad hit a century, scoring 108 off 131 balls after a slow start. Saurashtra bowler Chirag Jani claimed a hat-trick in the match. Man of the moment is Sheldon Jackson

Full List of Award Winners:

Player of the match in the final: Sheldon Jackson (133 runs in 135 Balls)

Player of the tournament: Ruturaj Gaikwad (Games: 5; Runs: 660; Avg: 220)

Most Runs: N Jagadeesan (Tamil Nadu): 830runs, 8 innings

Highest Score: N Jagadeesan – 277 off 141 balls vs Arunachal Pradesh

Most Fours: N Jagadeesan – 73 in 8 innings

Most Sixes: Ruturaj Gaikwad – 34 in 5 innings

Most Wickets: Vasuki Koushik (Karnataka) – 18 wickets in 9 matches

8. 3rd T20 World Cup cricket tournament for Blind to be held in India

The third T20 World Cup Cricket Tournament for the Blind will be held from December 5 to 17, 2022 in India. The participating countries of the World Cup 2022 are Australia, Bangladesh, Nepal, Pakistan, South Africa, Sri Lanka and India.

Around 150 players from all countries will participate in the tournament and there will be a total of 24 matches across nine cities in India. The tournament is being organised to mark the World Disability Day celebrations universally. The inauguration of the World Cup on December 5 at Tau Devi Lal Indoor Stadium, Gurugram. Former India batter Yuvraj Singh is the brand ambassador of the tournament.

Books and Authors

9. A biography of English poet John Donne wins UK nonfiction book prize

British writer Katherine Rundell’s biography “Super-Infinite: The Transformations of John Donne” was named winner of the 50,000 pound ($59,000) Baillie Gifford Prize at a ceremony in London. Rundell’s book was a unanimous choice by the six judges from among 362 books submitted for the prize.

The book argues that Donne, best known four centuries after his death for a poem that begins “No man is an island” – is “a writer perhaps as great as Shakespeare, and a writer we should all read for his writing on love, sex and death.” Last year’s winner was Patrick Radden Keefe’s “Empire of Pain: The Secret History of the Sackler Dynasty,” an expose of the family that helped unleash the United States’ opioid epidemic.

10. A book on Chipko Movement by Shekhar Pathak bags Kamaladevi Chattopadhyay NIF Prize 2022

A book on the popular forest conservation campaign Chipko Movement, written by historian-activist Shekhar Pathak, was named the winner of the Kamaladevi Chattopadhyay NIF Book Prize 2022. Translated from Hindi by Manisha Chaudhry, “The Chipko Movement: A People’s History” was selected from a diverse shortlist of five books covering a wide expanse of modern Indian history and encompassing distinct topics and perspectives.

The winner was selected by a six-member jury panel chaired by political scientist Niraja Gopal Jayal. The other jury members were entrepreneur Manish Sabharwal; historians Srinath Raghavan and Nayanjot Lahiri; former diplomat Navtej Sarna; and attorney Rahul Matthan.

Important Days

11. International Day of Persons with Disabilities 2022: 3 December

December 3rd is celebrated as the International Day of Persons with Disabilities, worldwide. The day is observed to highlight issues that affect people with disabilities and to champion their well-being, their dignity and fundamental rights.

International Day of Persons with Disabilities is celebrated to encourage increased assimilation of persons with disabilities in the socio-political, economic and cultural aspects of life. The goals fall under the 2030 Agenda for Sustainable Development.

The theme of International Day of Persons with Disabilities, this year, is “Transformative solutions for inclusive development: the role of innovation in fuelling an accessible and equitable world“. The 2022 celebration will focus on the need for innovative solutions to help create an inclusive developmental model to aid people with disabilities.

Important takeaways for all competitive exams:

United Nations Secretary-general: António Guterres;

United Nations Headquarters: New York, United States;

United Nations Founded: 24 October 1945.