News Today: December 1, 2018
Main current events of December 1, 2018 are as follows:
National Current Events
Food regulator FSSAI launches mass media campaign about the bad effects of industrially produced trans fat
Food regulator FSSAI launched a mass media campaign to educate people about the bad effects of industrially produced trans fat. Trans fats are made by adding hydrogen to liquid vegetable oils to make them more solid and increase the shelf life of foods. It is present in vanaspati, margarine and bakery shortenings, and can be found in baked and fried foods.
Tyeb Mehta’s painting ‘Durga Mahisasura Mardini’ sold for Rs 20.49 crore in auction in Mumbai
Tyeb Mehta’s painting “Durga Mahisasura Mardini” was sold for USD 2.9 million (Rs 20.49 crore) at Boundless India Sotheby’s inaugural auction in Mumbai.
Amrita Sher-Gil’s painting ‘The Little Girl in Blue’ sold for Rs 18.69 crore in auction in Mumbai
Amrita Sher-Gil’s ‘The Little Girl in Blue’ fetched ₹18.69 crore at Sotheby’s maiden auction in India—’Boundless:India” setting a record price for the artist in the country.
President Ram Nath Kovind inaugurates 2nd International Ambedkar Conclave in New Delhi
The President Shri Ram Nath Kovind inaugurated the 2nd International Ambedkar Conclave in New Delhi as part of the commemoration of Constitution Day. The Conclave is being organized by the Forum of SC and ST Legislators and Parliamentarians and the Dr. Ambedkar Chamber of Commerce.
Economy & Corporate Current Events
India’s GDP growth at 7.1% in July-September: CSO
The Indian economy grew at the slowest pace in three quarters GDP growth of 7.1 per cent in the second quarter (July-September), data released by the Central Statistics Office (CSO).
Fiscal deficit at 103.9% of Budget Estimate (BE) during April-October of the current financial year
Fiscal deficit for the April-October period crossed the 2018-19 target of Rs 6.24 trillion. It stood at Rs 6.49 trillion, or 103.9 per cent of the full-year target, compared to 96.1 per cent.
Country’s foreign exchange reserves at USD 392.785 billion in the week to November 23
The country’s foreign exchange reserves dropped by USD 795 million to USD 392.785 billion in the week to November 23 due to a decline in foreign currency assets.
Growth rate of eight infrastructure sectors slows down to 4.8% in October 2018 (was 5% in October 2017)
The growth rate of eight infrastructure sectors slowed down to 4.8 percent in October due to contraction in the production of crude oil, natural gas and fertiliser.
Govt. puts imports of gold dore in restricted category, importers will need a license to import this commodity
The government put the imports of gold dore in restricted category. The imports mainly take care of demand of the jewellery industry.
First India-ASEAN InnoTech Summit organised in New Delhi by FICCI in association with DST (Department of Science & Technology)
Union Minister of Science & Technology and Earth Sciences, Dr. Harsh Vardhan, to intensify collaborative research in science, technology and innovation to address the economic and societal challenges being faced by the two regions. 400 technologies are ready to be commercialised in ASEAN member states
World Current Events
PM Modi attends BRICS Leaders’ Informal Meeting on the sidelines of 13th G20 Summit in Buenos Aires, Argentina
Prime Minister Narendra Modi has called upon G-20 countries to make a common platform for identifying and extraditing fugitive economic offenders and denying entry and safe havens to them. It presented a nine-point agenda at the first session of the summit in Buenos Aires, Argentina.
Ukraine bars Russian men aged 16-60 from entering the country
Ukraine banned Russian men of combat age from entering the country under martial law after Russia fired on and captured three Ukrainian naval ships off Crimea.
Bangladeshi activist Vashkar Bhattacharjee and Chinese ICT company Tencent awarded UNESCO/Emir Jaber al-Ahmad al Jaber al Sabah Prize for Digital Empowerment of Persons with Disabilities
Vashkar Bhattacharjee, and Chinese ICT company Tencent will be awarded the Unesco/Emir Jaber al-Ahmad al Jaber al Sabah Prize for Digital Empowerment of Persons with Disabilities in a ceremony at the Unesco headquarters.
Slovakia’s Foreign Minister Miroslav Lajcak resigns following rejection of UN Global Pact on migration by his country’s Parliament
Slovak Foreign Minister Miroslav Lajcak resigned after the parliament adopted a resolution, asking the government to reject the UN Global Compact for Migration.
Maldives Parliament scraps upper age limit for contesting Presidential election
The Gambian parliament scrapped the constitutional age limit on presidential election candidates after new President Adama Barrow faced questions over his deputy’s eligibility due to her age. Anyone over 65 has been barred from running for The Gambia’s highest office under a constitutional amendment that came into force in the west African country in 1997.
Sports Current Events
Ridhima Dilawari wins 17th Leg of the Hero Women’s Pro Golf Tour at the Noida Golf Course
Ridhima Dilawari won maiden professional title at the Noida Golf Course today. She cruised to a five-shot win in the 17th leg of the Hero Women’s Pro Golf Tour.
Ministry of Tribal Affairs and TRIFED felicitate Women’s World Boxing Champion Mary Kom at close of ‘Aadi Mahotsav’ in Delhi
Ministry of Tribal Affairs and TRIFED felicitated sixth time Women’s World Boxing Champion Mary Kom at the closing ceremony of Aadi Mahotsav” at Dilli Haat. Ms Kom is the Brand Ambassador for the TRIBES India’s Punchatantra range of products handcrafted by tribal master-craftsmen from across the country.