Top GKToday’s News Headlines- 3 December 2019

Here are the top News Headlines of 3 December 2019 for all competitive examinations of India.

National Current Affairs

  • King Carl XVI Gustaf and Queen Silvia of Sweden begin their five-day India visit
  • EAM S. Jaishankar holds talks with his Swedish counterpart Ann Linde in New Delhi
  • Nationwide vaccination drive launched to prevent eight diseases under Intensified Mission Indradhanush (IMI) 2.0
  • IMI 2.0 covers diphtheria, whooping cough, tetanus, poliomyelitis, tuberculosis, measles, meningitis and Hepatitis B
  • India Rankings Society (IRS) set up to develop system of ranking higher educational institutions in the country: HRD Ministry
  • ‘The Vault of Vishnu’, by author Ashwin Sanghi, to release in January 2020
  • ‘Early Indians: The Story of Our Ancestors and Where We Came From’ by Tony Joseph, wins Shakti Bhatt First Book Prize
  • Prohibition of Electronic Cigarettes Bill, 2019 passed by Parliament
  • Lt Gen P. S. Rajeshwar takes over as C-n-C of Andaman & Nicobar Command
  • Sub-lieutenant Shivangi becomes 1st woman of Indian Navy; to fly Dornier surveillance aircraft
  • BSF’s yearly magazine ‘Borderman’ released by Minister of State for Home Affairs Nityanand Rai

TAXATION BILL

  • The Lok Sabha on December 2, 2019 passed a Bill to replace an Ordinance promulgated in September for effecting reduction of corporate tax rates.
  • Taxation Laws (Amendment) Bill, 2019, will amend the Income Tax Act 1961 and the Finance (No 2) Act 2019.
  • Base corporate tax for existing companies has been reduced to 22% from 30%, and to 15% from 25% for new manufacturing firms incorporated after October 1, 2019, and starting operations before March 31, 2023.

Economy & Business Current Affairs

  • Rating agency CRISIL cuts GDP growth forecast for 2019-20 to 5.1% from an earlier estimate of 6.3%
  • Govt launches independent directors’ databank, to be maintained by Indian Institute for Corporate Affairs (IICA)
  • Walmart, HDFC unveil co-branded credit card for ‘Best Price’ members

International Current Affairs

  • Saudi Arabia assumes the G20 presidency under the theme of ‘Realising Opportunities of the 21st Century for All’
  • G20 leaders’ summit will be held in Riyadh on November 21-22, 2020
  • UN Climate Change Conference being held in Madrid, Spain from December 2 to 13
  • International Day for the Abolition of Slavery observed on December 2
  • Israel’s occupation has cost the Palestinian economy more than USD 2.5 billion a year for the past two decades: UNCTAD
  • 3000-km long pipeline launched to transport natural gas from Siberia in Russia to northeast China
  • Astronauts attach new pumps to cosmic ray detector outside International Space Station to prolong its life
  • com chooses ‘existential’ as word of the year
  • Pritivirajsing Roopun appointed as new President of Mauritius by parliament
  • Iraq’s Parliament approves resignation of Prime Minister Adel Abdul Mahdi
  • ‘Will & Grace’ actor Shelley Morrison dies at 83 in US

Sports Current Affairs

  • Mercedes driver Lewis Hamilton wins season ending Formula One Abu Dhabi Grand Prix
  • Karnataka beat Tamil Nadu by 1 run in final to win Syed Mushtaq Ali Trophy cricket tournament in Surat

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