Current Affairs 03rd December, 2018
Posted on: 2018-12-03 Posted by: CLAT Gurukul Category: General Knowledge
3 December 2018
1. Microsoft passes Apple to become most valuable company
- Microsoft has surpassed Apple as the most valuable US company with a market value of about $812 billion
2. Defence Ministry approves military procurement worth Rs 3000 crore
- The approved deal includes procurement of indigenous BrahMos missiles for two Indian Navy ships that are to be built in Russia.
- The Defence Acquisition Council also approved the procurement of Armoured Recovery Vehicles (ARVs) for the Indian Army’s main battle tank, Arjun.
- Jointly developed by India and Russia, the BrahMos missile flies at almost three times the speed of sound.
3. Venezuela hikes monthly minimum wage by 150% to 660
- Venezuela's President Nicolás Maduro has ordered a 150% increase in the monthly minimum wage to 4,500 sovereign bolivars, worth about ₹660 at the black market rate.
- 6. Govt forms 6-member panel to look at selling 149 fields of ONGC, OIL to private companies
- The panel is headed by NITI Aayog Vice Chairman Rajiv Kumar and includes Cabinet Secretary P K Sinha, Economic Affairs Secretary Subhash Chandra Garg, Oil Secretary M M Kutty, NITI Aayog CEO Amitabh Kant and ONGC Chairman and Managing Director Shashi Shanker.
4. IOC sets up human rights advisory committee starting in 2024
- The International Olympic Committee IOC has set up an advisory committee on human rights chaired by Zeid Ra’ad al-Hussein, the former United Nations commissioner for human rights starting in 2024.
- President Thomas Bach said Saturday at meetings in the Japanese capital that “human rights standards” will be included in Olympic host-city contracts beginning with the 2024 Olympic in Paris.
- 8. Bank of Maharashtra appoints A. S. Rajeev as MD and CEO
- The 54-year-old previously served as the Executive Director of Indian Bank and had also been the CFO of Vijaya Bank.
- He will hold the position for a period of three years or till further orders, whichever is earlier.
5. NASA to launch VISIONS 2 to image Earths leaky atmosphere
- NASA is set to launch VISIONS-2 rocket to get a closer look at the how the earth’s atmosphere is leaking into space.
- The VISIONS-2 mission, Visualizing Ion Outflow via Neutral Atom Sensing-2, is scheduled to be launched on December 4.
6. Former US President George HW Bush passed away at 94
- George HW Bush became 41st president of the United States in 1989 after serving as vice-president under Ronald Reagan.
- His son, George W. Bush was also elected president and served two terms between 2001 and 2009.
7. Sunil Arora took charge as new Chief Election Commissioner
- Sunil Arora, the senior-most election commissioner, on Dec 2 took charge as the 23rd Chief Election Commissioner, succeeding OP Rawat who demitted office on December 1.
8. State Bank of Mauritius gets RBI approval for subsidiary
- Mauritius based SBM group granted a license by Reserve Bank of India to operate SBM Bank (India) Limited through Wholly Owned Subsidiary (WOS) mode under the Banking Regulation Act, 1949 with effect from December 1, 2018.
- Now at present SBM operate its branches in Mumbai, Chennai, Hyderabad, and Ramachandrapuram since 1994.
9. India to host G20 summit in 2022
- India is to host the annual G20 summit in 2022 as it will be celebrating its 75th anniversary of Independence.
- This will be India’s first time to host the G20 summit.
- The announcement was made by Prime Minister Narendra Modi at the closing ceremony of the 13th G20 summit in the Argentinian capital on 1st December 2018.
- The Prime Minister thanked Italy for allowing India to play the host as it was to host the summit in 2022.
10. Ex Cope India 18, the bilateral military exercise between IAF and the U. S. , began
- The Air Forces of India (IAF) and the U. S. began the ‘Ex Cope India-18’, a 12-day military exercise, in the Kalaikunda and Panagarh air bases in West Bengal.
- The aim is to enhance operational coordination and to provide operational exposure and undertake the mutual exchange of best practices towards enhancing operational capability.
- This exercise is the fourth edition in the series of bilateral drills between the Indian Air Force and the U. S. Air Force.
- This is for the first time, the exercise is being held at two Air Force bases.
11. Andrs Manuel Lpez Obrador became first leftist president of Mexico
- He became as President and signed an agreement with three Central American counterparts to create a plan to stem the flow of migrants seeking asylum in the USA.
12. Union Home Minister Rajnath Singh inaugurated the Hornbill Festival of Nagaland
- Union Home Minister Rajnath Singh inaugurated the 10-day-long Hornbill Festival of Nagaland at Naga Heritage Village Kisama on 1st December 2018.
13. Raninder Singh becomes first Indian to be elected ISSF Vice President
- The elections were held during the General Assembly meeting of ISSF in Munich in which Raninder secured 161 votes to make it to the coveted position.
- The 51-year-old Raninder is currently the president of the National Rifle Association of India (NRAI).
- The NRAI president was also awarded the ISSF diploma of honor gold medal at the General Assembly by the outgoing longest-serving president of the ISSF, Olegario Vázquez Raña, who was at the helm for 38 years.
- Vladimir Lisin, of Russia, was elected as the seventh president of ISSF and Alexander Rather was elected as the new secretary general of ISSF in the same General Assembly meeting.
- Indian Shooter and 2008 Olympic gold medalist, Abhinav Bindra was honored with the prestigious Blue Cross, the highest recognition of the ISSF in the meeting.
14. Australia Become first Country To Recognise Orphanage Trafficking As Slavery
- Australia becomes the first country in the world to recognize ‘orphanage trafficking’ as a form of modern slavery.
- Children from smaller countries are recruited in orphanages in the West for the purpose of profit through foreign aid.
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