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Current Affairs 03 December 2020
Daily Current Affairs 03 December 2020: This post contains the latest current affairs for 03 December 2020 that are important for all competitive exams like Bank, SSC, IBPS, SBI exams. You can also attempt our Current Affairs Quiz after reading our daily current affairs.
National
Cyclonic Storm ‘Burevi’ lay centered over southwest Bay of Bengal
- The Deep Depression formed over the southeast and adjoining southwest Bay of Bengal has intensified into a Cyclonic Storm ‘Burevi’ over southwest Bay of Bengal.
- It is about 240 km east-southeast of Trincomalee (Sri Lanka), 470 km east-southeast of Pamban (Tamil Nadu) and 650 km nearly east-northeast of Kanniyakumari (Tamil Nadu).
- The name of Cyclone ‘Burevi’ (बुरेवि), has been contributed by the Maldives.
- This is the second cyclone formed in the southwest region of the Bay of Bengal within a week.
- Cyclone Alert have been issued for South Tamilnadu and South Kerala coasts by the India Meteorological Department (IMD).
Uttar Pradesh CM Yogi Adityanath rings bell at BSE for listing Lucknow Municipal Corporation bonds
- Uttar Pradesh Chief Minister Yogi Adityanath rang the bell at the Bombay Stock Exchange (BSE), on 2nd December 2020, to mark the listing of bonds of Lucknow Municipal Corporation on the exchange.
- The bonds of LMC were launched on November 13, with coupon rate of 8.5 percent and had tenure of 10 years. The issuance had garnered 4.5 times subscription.
- Lucknow is the ninth city in India and first from UP, to to have raised municipal bonds for fund raising.
- It is also the first city to issue municipal bond after the launch of Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme.
- Also Lucknow Municipal Corporation is the first civic body from North India to issue bond on BSE.
- The funds raised through the bond will be invested in various infrastructure schemes, being implemented under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) Scheme, in Lucknow.
- Ghaziabad will be the next city of the state to issue a municipal bond and it will be followed by Pragyaraj, Varanasi, Agra and Kanpur.
Karnataka’s first 11.5 megawatt power plant run on municipal waste being set up at Bidadi
- In Karnataka, Chief Minister B S Yediyurappa laid the foundation stone for a 11.5 megawatt power plant based on municipal waste in Bidadi, a town in Bengaluru.
- It is first of its kind power plant in the state being set up by the Karnataka Power Corporation Limited (KPCL) and will help in converting 600 tonnes of municipal waste into 11.5 megawatt energy.
- This power plant will add 80.59 million units of power to the existing power grid.
- The power plant project is being constructed at a cost of Rs. 260 crore and is likely to be operational by 2022.
IOCL launches India’s first 100 Octane Premium Petrol
- The Union Minister for Petroleum and Natural Gas and Steel Shri Dharmendra Pradhan launched India’s first indigenously developed ‘100 Octane premium petrol’ through video conferencing on 1st December 2020.
- The high octane premium grade petrol will be marketed under the brand ‘XP-100’.
- It has been developed by Indian Oil Corporation Limited (IOCL) at its Mathura refinery in Uttar Pradesh.
- XP-100 will be made available in phased manner across the country and in the first phase, it will be made available in 10 cities.
- The cities are Delhi, Gurgaon, Noida, Agra, Jaipur, Chandigarh, Ludhiana, Mumbai, Pune and Ahmedabad.
- With this launch, India has joined a select league of nations globally that have such superior quality fuel.. Octane ratings are measures of fuel stability that increases engine efficiency.
- Till date, such quality of fuel is available only in six countries including USA, Germany, Greece, Indonesia, Malaysia and Israel.
Agreement
ADB and India sign $50 million loan agreement to boost digital platforms for public finance reforms in West Bengal
- The Asian Development Bank (ADB) and the Government of India have inked $50 million policy-based loan agreement on 2nd December 2020 to improve financial management procedures and operational efficiencies in West Bengal.
- Titled as the ‘West Bengal Public Finance Management Investment Programme’, the project will help to achieve more fiscal savings, promote informed decision making, and improve service delivery in the state.
- A centre for fiscal policy and public finance will be established to deepen capacity of the state government officials on public finance management while developing a web-based grievance redress system for transport corporations and urban local bodies will provide a credible citizen-government interface.
Ranking
India Ranks 8th and Afghanistan Tops Global Terrorism Index 2020
- In the Global Terrorism Index (GTI) 2020, India has been ranked at 8th spot globally in the list of countries most affected by terrorism in 2019.
- The GTI score of India is 7.353 out of 10.
- With a score of 9.592, Afghanistan has topped the index as the worst terror impacted nation among the 163 countries.
- It is followed by Iraq (8.682) and Nigeria (8.314) at second and third place respectively.
- Regionally, South Asia was the most impacted region by terrorism in 2019, recording more deaths than any other region.
- Also, globally the deaths caused due to terrorism fell by 15 percent to 13,286 in 2019 over 2018.
- The Global Terrorism Index is published annually by the Institute for Economics and Peace (IEP), headquartered in Sydney, Australia, to measure the impact of terrorism on the countries.
Appointment
Lt Gen Rajeev Chaudhary takes charge as new Director General of BRO
- Lt Gen Rajeev Chaudhary has been appointed as the 27th Director General of Border Roads Organisation (BRO). His appointment is effective from 1st December 2020.
- Lt Gen Chaudhary succeeds Lt Gen Harpal Singh who has been appointed as the new Engineer-in-Chief of the Indian Army.
- The BRO is responsible for construction and maintenance of all border roads including those along the frontiers with China and Pakistan.
Days
International Day of Persons with Disabilities: 03 December
- The International Day of Persons with Disabilities is observed annually on December 3.
- The IDPWD day was proclaimed in 1992 by United Nations General Assembly.
- Aim: to promote the rights and well-being of persons with disabilities in all spheres of society and development, and to increase awareness of the situation of persons with disabilities in every aspect of political, social, economic and cultural life.
- 2020 theme: ‘Not all Disabilities are Visible’
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