Daily GK Update: 2nd December 2019

New Sebi framework to boost depository receipts

  • New Delhi: In a move that may benefit Indian companies as well as foreign investors, regulator Sebi has issued a new framework for issue of depository receipts for greater exposure to world markets for raising capital and enhancing their shareholder base.
  • DRs are foreign currency denominated instruments, issued by a foreign depository backed by securities of an issuer, issued or transferred to a domestic custodian and are listed on an international exchange. These can get listed on international exchanges in permissible jurisdictions.

Finally, some good news: November GST collections up 6%

  • India’s goods and services tax collections rose 6% to Rs 1.03 lakh crore in November, reversing two months of decline, with experts attributing the increase to festive shopping and better compliance.
  • GST collections were Rs 97,637 crore in November last year and Rs 95,380 crore in October this year. The increase in collections was a sign of economic revival, recovery in demand and measures to ease compliance, government officials told ET.
  • “After two months of negative growth, GST revenues witnessed an impressive recovery… During the month, the GST collection on domestic transactions witnessed a growth of 12%, highest during the year,” the government said in a statement.

Naval Tejas Gets Ready To Operate From Aircraft Carrier By March

  • A seminal achievement was accomplished in the quest for technologies related to operation of indigenous fighter aircraft from aircraft carriers.
  • On 29 September, 2019, TEJAS Naval Prototype-2 launched off the ski jump at 1621 hours and then subsequently “trapped” at 1631 hrs on the arresting gear site (both locations situated at Shore Based Test Facility INS Hansa, Goa). While both these activities had been achieved individually earlier, this was the first occasion when the complete cycle of launch and recovery necessary for aircraft carrier operations was accomplished in a single sortie.
  • Though these tests have been carried out successfully individually earlier, this achievement is another feather in the cap of all the agencies involved in this including DRDO, ADA, HAL, and Indian Navy.
  • The TEJAS (Navy) team has had to not only conceptualise but has also experimented with the complex software modes which are involved in this. This is critical for the unique Short Take-Off but Arrested Recovery (STOBAR) concept of aircraft operations.

China launches mandatory face scans for mobile users

  • A new rule requiring face scans of customers signing up for new mobile plans in China came into effect Sunday (Dec. 1), amid widespread adoption of facial-recognition technology across the country.
  • In September, China’s Ministry of Industry and Information Technology announced the change (link in Chinese) in a notice to telecom operators, saying it would “protect the legitimate rights and interest of citizens in cyberspace.”
  • The notice said that “artificial intelligence and other technical methods” should be used to match the faces of customers buying new SIM cards with their identity documents.

20th Nagaland Hornbill Festival

  • The Nagaland Hornbill Festival began at Naga Heritage Village at Kisama in Nagaland on 1 December 2019.
  • The year 2019 celebrates the 20th edition of Hornbill Festival and the festival this year coincides with Nagaland Statehood Day.
  • The much-awaited festival began with a colourful blend of culture and tradition with a modern twist.


2 December: National Pollution Control Day

Every year 2 December is observed as National Pollution Control Day to commemorate the people who lost their lives in the unfortunate incident of Bhopal Gas Tragedy that occurred on this day in 1984.

30 November: 10th Indian Organ Donation Day celebrated

  • The 10th Indian Organ Donation Day was celebrated on 30 November 2019.
  • Union Minister for Health & Family Welfare presided over, Dr. Harsh Vardhan presided over 10th Indian Organ Donation Day at a function held at Vigyan Bhawan, New Delhi.
  • The celebration was organised by NOTTO (National Organ & Tissue Transplant Organization.

India and Sweden to sign Polar Science Cooperation Agreement

  • India and Sweden are to sign their first maritime cooperation agreement during the Swedish Royal couple visit.
  • The agreement includes cooperation between the countries in both Arctic and Antarctic regions and hence the name Polar Science.

2 December: International Day for Abolition of Slavery

  • Every year 2 December is observed as International Day for the Abolition of Slavery, across the world.
  • The yearly event is organized by United Nations General Assembly (UNGA) and was first celebrated in 1986.

First India-Japan 2+2 Foreign and Defence Ministerial Meeting held in New Delhi

  • India and Japan held their first ever Foreign and Defence Ministerial Dialogue (2+2) in New Delhi.
  • During the meet the two sides discussed about boosting defence and security ties besides other issues of mutual interest.
  • This India-Japan ministerial meeting comes ahead of annual summit of two prime ministers scheduled to be held in Guwahati, Assam in December 2019.
  • India has a similar ‘ministerial level 2+2’ dialogue with the USA as well.

South Asian Games begins in Kathmandu

  • On December 1, 2019, the President of Nepal Bidya Devi Bhandari opened the South Asian Games in Kathmandu.
  • The event is scheduled to be conducted for 10 days. Around 487 athletes are participating from India.

Mitra Shakti: India Sri Lanka Joint Military Exercise

  • The seventh Indo-Sri Lanka joint military exercise was held on December 1, 2019 at Aundh military station.
  • The main objective of the exercise is to build and promote positive relations between the countries.
  • The exercise is scheduled to be conducted at the Foreign Training Node in Pune between December 1 and December 14, 2019.