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Current Affairs Of 4 December 2020


Current Affairs Of 4 December 2020


1st  State of Tax Justice 2020 Report Released by Tax Justice Network; India’s Annual Tax Loss over $10.3 bn

The Tax Justice Network (TJN) has released the first-of-its-kind report titled “The State of Tax Justice 2020- Tax Justice in the time of COVID-19” in accordance to which the international corporate tax abuse and private tax evasion is incurring a global loss of over $427 billion in tax each year.

6th BRICS Youth Summit 2020 Opening Ceremony held in Ulyanovsk, Russia;Sports Minister, Kiren Rijiju addressed Virtually

6th BRICS Youth Summit 2020 opening ceremony and a meeting of BRICS Ministers was held in Ulyanovsk, Russia. Union Minister of Youth Affairs and Sports, Kiren Rijiju virtually addressed the 6th BRICS Youth Summit 2020 on behalf of India, which was held from 29 November to 2 December, 2020.
Theme for 6th BRICS Youth Summit 2020- “BRICS: Challenges of the Time for young People”.


DRDO creates New Laboratory ‘Defence Geo Informatics Research Establishment’ by Merging 2 DRDO Labs – SASE, DTRL

Defence Research and Development Organisation (DRDO) created a New Laboratory named ‘Defence Geo Informatics Research Establishment’ for focused research on terrain and avalanches along the borders with China and Pakistan by merging 2 DRDO labs – Manali based Centre for Snow and Avalanche Studies Establishment (SASE) & Delhi based Defence Terrain Research Laboratory (DTRL).

Odisha hosts 9th International Sand Art festival and 31st Konark Dance festival

Odisha government tourism department has organised the 9th edition of International Sand Art festival at Chandrabhaga Beach in Odisha’s Puri district and parallely the 31st edition of Konark dance festivalfollowing the COVID-19 protocols.

Theme of the 2020 International Sand Art festival is “environment” and “COVID-19”.


NPCI Allowed Payment Banks and Fintechs in its Shareholding upto 0.44%

The National Payments Corporation of India (NPCI) has completed private placement of 4.63% of its equity shares worth Rs 81.64 crores.  This placement has enabled small finance and payment banks, as well as fintechs to be its shareholders up to 0.44%.

NABARD Signs MoU with SBI to Take up Joint Intervention Projects in Karnataka

NABARD( National Bank for Agriculture and Rural Development), Karnataka Regional Office Bengaluru, Karnataka has signed MoU(Memorandum of Understanding) with SBI(State Bank of India), LHO, Bengaluru.

IFSCA Became Member of International Association of Insurance Supervisors

International Financial Services Centre Authority (IFSCA) obtained membership of International Association of Insurance Supervisors (IAIS).

Razorpay and PayPal Partnered to Enable Seamless International Payments for Indian MSMEs and Freelancers 

Razorpay and PayPalpartnered to enable Indian MSMEs(Micro, Small & Medium Enterprises) and Freelancers to seamlessly accept international payments.

Finin Becomes India’s 1st full-fledged Consumer Neobank in Partnership with SBM Bank India; SmartBanking Platform Launched

Finin launched itself as a‘neobank’, in partnership with SBM Bank (India) Limited (SBM Bank India). It is India’s 1st full-fledged consumer neobank.


RIL Tops 2020 Fortune 500 Ranking List of Indian Companies 

Indian Oil Corporation Ltd.(IOCL) secured 2nd rank with revenue of Rs 493,932.99 crore followed by Oil & Natural Gas Corporation with revenue of Rs 405,243.31 crore.


Union Education Minister Ramesh Pokhriyal constitutes Task Force to impart Technical Education in Mother Tongue

Union Minister of Education, Ramesh Pokhriyal ‘Nishank’ constituted a Task Force for preparing a blueprint on imparting Technical Education in Mother Tongue. The Task Force will be headed by Secretary of Higher Education (Amit Khare).

First Dronacharya Awardee from J&K, Kuldeep Handoo appointed as “Fit India” movement ambassador

Srinagar born Wushu coach and the first Dronacharya Awardee from the Union Territory of Jammu and Kashmir, Kuldeep Handoo is appointed as the Ambassador of Fit India movement.


IIT Kanpur Researchers Develop “Damaru” Inspired Lattice for Vibration Isolation in High Speed Trains and Stealth Submarines

Under the SPARC project of Ministry of Education, IIT Kanpur researchers develop a ‘Dambaru’ or ‘Damaru’ inspired lattice, which shows tremendous application in vibration isolation in high speed trains, Stealth submarines and Helicopters rotors.


Australian Cricket Team won the 2020 Dettol ODI series against India held in Australia 

Australian Batsman Steve Smith was chosen as the Player of the Series for scoring 216 runs in the series which included 2 Centuries.


Former PM of Pakistan, Zafarullah Jamali dies at 76

Former French President Valéry Giscard d’Estaing Passed Away at 94


International Day of Persons with Disabilities 2020 – December 3

The theme of the 2020 International Day of Persons with Disabilities is “Building Back Better: toward a disability-inclusive, accessible and sustainable post COVID-19 World”.

International Day for the Abolition of Slavery 2020 – December 2


Assam Proposed to set up its 6th National Park – “Raimona National Park” in the Ripu Reserved Forest

The Assam government has proposed to establish its 6th National park, the “Raimona National Park” in the Ripu Reserved Forest of the state which was severely damaged due to militancy.