Daily Current Affairs for BBA & IPM and HM Entrance Exams: 14th December 2021

By Rajat Pandey|Updated : December 14th, 2021
  • Current Affairs plays a vital role in the preparation of BBA & IPM and HM Entrance exams. Current Affairs keep you update about the happenings around the world. The majority of questions asked in the exam are from the latest current affairs. 
  • Current Affairs not only keeps you up to date but also provides you a better perspective and knowledge about the important burning issues worldwide

 Honours & Awards

1. Elon Musk announced Time magazine's Person of the Year for 2021

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  • Tesla Chief Executive Officer Elon Musk has been named as the Time magazine’s Person of the Year for 2021 during which US-based electric-vehicle startup became $1 trillion company as Musk became world’s richest person
  • US President Joe Biden and Vice President Kamala Harris were named as the Person of the Year for 2020 by Time magazine.
  • Elon Musk is the founder, CEO and Chief Engineer at SpaceX with an estimated net worth of around US$255 billion.

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 Science & Technology

2. India successfully launches Supersonic Missile Assisted Torpedo System

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  • DRDO has successfully launched Supersonic Missile Assisted Torpedo System (SMAT), demonstrating full range from Abdul Kalam Island, off the Odisha coast.
  • SMAT has been designed to enhance anti-submarine warfare capability far beyond the conventional range of torpedo
  • It was a textbook launch, where entire trajectory was monitored by the electro optic telemetry system, various range radars, including the down range instrumentation and down range ships.

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 National & International Organizations

3. India votes against UNSC draft Resolution on Climate and Security

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  • India has voted against UN Security Council draft resolution that linked climate change with global security challenges as it argued that the move attempts to undermine the hard-won consensus reached at the recently concluded Glasgow Summit.
  • As per India's Permanent Representative to UN T S Tirumurti, India is second to none when it comes to climate action and climate justice, but Security Council is not a place to discuss either issue.

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 Arts & Culture

4. Doordarshan to host International Finals of Robocon 2022

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  • Doordarshan will be hosting the international finals of Robocon 2022 in August 2022, held in 2022
  • It is a Robot competition, which is organized by Asia-Pacific Broadcasting Union and hosted by different member countries every year.
  • ABU Robocon 2021 was hosted by China wherein international Robocon contest was held on December 12, 2021.
  • Teams from Nirma University and Gujarat Technological University (GTU), Ahmedabad who were India finalists.

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 Summits & Conferences

5. Second edition of water innovation challenges launched

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  • Atal Innovation Mission, NITI Aayog and Royal Embassy of Denmark to India has launched second edition of water innovation challenges here to address the global water woes through innovations as part of the Indo-Danish Bilateral Green Strategic partnership.
  • Aim: To identify innovative & next-gen solutions to solve proposed challenges in collaboration with corporate and public partners.
  • It will engage young talents from leading universities and innovation hubs 

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 National Affairs

6. Digital Platform for Management of complaints ‘LokpalOnline’ inauguarted

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  • Chairperson, Lokpal of India, Justice Pinaki Chandra Ghose has inaugurated a digital Platform for Management of Complaints titled as ‘LokpalOnline’
  • It can be accessed by all citizens of the country and complaints can be filed from anywhere, anytime at http://lokpalonline.gov.in.
  • It is an end-to-end digital solution for the management of complaints against public servants 
  • The Portal has been hosted on NIC Cloud and has been developed on an Open Source Technology.

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 National & International Organizations

7. India ranks 56th in IMD 2021 World Talent Ranking 2021

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  • India has been ranked 56th in 2021 World Talent Ranking (WTR) 2021, which is being released by Institute for Management Development
  • Top performers: Switzerland, followed by Sweden, Luxembourg, Norway, and Denmark.
  • WTR assesses the status and the development of competencies among 64 economies
  • World Competitiveness Center of IMD take three-pronged approach in measuring talent in economies.
    • Investment & Development factor
    • Appeal factor
    • Readiness factor

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 Summits & Conferences

8. Piyush Goyal address India Global Forum, UAE-2021

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  • Union Minister Piyush Goyal addressed India Global Forum, UAE-2021 through video conference
  • India Global Forum in Dubai will showcase opportunities to build dynamic alliances with world-beating talent, technology, and business partnerships that can make a global impact.
  • It will bring together the most senior leaders from business, politics, and culture to discuss and implement newfound ambitions, and address vital global imperatives.

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 Important Dates

9. National Energy Conservation Day: 14th December

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  • National Energy Conservation Day is being observed every year on December 14 to drive mass awareness about the importance of energy efficiency and conservation.
  • It was first introduced in 1991.
  • It is being organized by Bureau of Energy Efficiency (BEE) under Ministry of Power
  • National Energy Conservation Awards: The awards are being given to 17 sectors covering 5 categories: Industry, buildings, Transport, Institutions and Appliances are included in the Awards.

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 National Affairs

10. Maharashtra tops the list of state with maximum of beneficiaries under ABRY

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  • Maharashtra tops the list of states with maximum number of beneficiaries under Atmanirbhar Bharat Rojgar Yojana (ABRY)
  • It is followed by Tamil Nadu and Gujarat
  • State-wise number of applications received from companies under ABRY; number of beneficiaries State-wise benefited so far from the ABRY along with the total quantum of assistance likely to be provided by the Government
  • Auto settlement of Employees’ Provident Fund (EPF) claims was introduced by EPFO in Jan, 2020

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 Agreement

11. BPCL collaborates with BARC for Green Hydrogen production

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  • Bharat Petroleum Corporation Limited (BPCL) has collaborated with Bhabha Atomic Research Centre (BARC) to scale-up Alkaline Electrolyze technology for Green Hydrogen production.
  • This is a first of its kind initiative to support India’s commitment to achieve renewable energy targets and reduce greenhouse gas emissions.
  • Refineries use large quantities of Hydrogen for de-sulfurization to make petrol, diesel, and other chemicals.

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 Summits & Conferences

12. Second edition of ‘Animal Husbandry Startup Grand Challenge’ launched

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  • Dept of Animal Husbandry and Dairying, in partnership with Startup India has launched 2nd edition of ‘Animal Husbandry Startup Grand Challenge 2.0’
  • First edition of startup grand challenge was launched on 2019
  • It has also been launched to scout for innovative and commercially viable solutions to address 6 problems faced by the animal husbandry and dairy sector.
  • Challenge is open for application on the Startup India portalwww.startupindia.gov.in’ 

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 Banking & Finance

13. RBI enforces 20-digit LEI for cross-border deals above Rs 50 crore

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  • Reserve Bank of India (RBI) made Legal Entity Identifier (LEI) mandatory for cross-border transactions for capital or current account of Rs 50 crore and above with effect from 1st Oct 2022
  • LEI:
    • It is a 20-digit number used to uniquely identify parties to financial transactions worldwide to improve quality, accuracy of financial data systems
    • LEI numbers are maintained in global LEI database available on website of Global Legal Entity Identifier Foundation 

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