Daily Current Affairs 3 December 2018: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 3 December 2018. It includes all Major National, International, Business and Sports related current affairs of 3 December 2018. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 3 December 2018 Current affairs test.

National News

1. International Indigenous Film Festival

  • International Indigenous Film Festival (first of its kind in India) will take place in February-2019 in Odisha.
  • Films made by indigenous people or made by non-indigenous filmmakers in collaboration with the indigenous communities.

2. G20 Summit-2020

  • India will host the G20 summit in the year 2022.
  • In the year 2022, India will complete 75 years of independence.

3. ‘eDrishti’ Software

  • ‘eDrishti’ software will help Railway Minister to keep track of punctuality of trains as well as freight and passenger earnings in the country.
  • It is developed by Centre for Railway Information System and was unveiled by Indian Railway.

4. Exercise sea vigil

  • Indian Navy will conduct ‘Exercise sea vigil’ across mainland and Island territories.
  • Sunil Lanba is the current and the 23rd Chief of the Naval Staff of the Indian Navy. He assumed the office on 31 May 2016 after Admiral Robin K. Dhowan and will hold office till May 2019. He is also the Chairman of the chiefs of staff committee.

International News

1. New President of Georgia

  • Salome Zurabishvili has been elected as President of Georgia.
  • She has become the first woman to hold the office in the country.

2. New President of Mexico

  • Andres Manuel Lopez Obrador was sworn in as the President of Mexico for a term of six years.
  • Mexico Capital: Mexico City || Currency: Mexican peso

3. The People’s Word Of 2018 Year

  • Cambridge Dictionary has declared ‘Nomophobia’ as word of the Year 2018.
  • Nomophobia :- fear or worry at the idea of being without your mobile phone or unable to use it.

4. International Day of Persons with Disabilities

  • The 3rd December is celebrated as International Day of Disabled Persons.
  • Theme :- ‘Empowering persons with disabilities and ensuring inclusiveness and equality’.

5. World Computer Literacy Day

  • It was launched by National Institute of Information Technology (NIIT) to mark its 20th anniversary in 2001.
  • It is celebrated on 2 December.

Business News

1. ASEAN–India Business Summit

  • The 3rd ASEAN–India Business Summit was held in Kuala Lumpur, Malaysia.
  • Pardeep Batra(Owner:-Spice Garden Group Of Restaurants) has been received ‘ASEAN–India Achievement award for the businessman of year’.

2. New Finance Secretary of India

  • Ajay Narayan Jha has been appointed as new Finance Secretary.
  • The Finance Secretary is the Permanent Secretary-level civil servant, who plays a leadership role in the bureaucracy of the Finance Ministry, Government of India.

3. NSFR norms for banks

  • Acc. to RBI, Net stable funding ratio norms for banks will be operational from April, 2020.
  • During the financial crisis of 2007–2008, several banks, including the UK’s Northern Rock and the U.S. investment banks Bear Stearns and Lehman Brothers, suffered a liquidity crisis, due to their over-reliance on short-term wholesale funding from the interbank lending market.
  • Net stable funding ratio (NSFR) The net stable funding ratio is a liquidity standard requiring banks to hold enough stable funding to cover the duration of their long-term assets.

4. Moody’s Investors Service’s GDP forecast

  • Acc. to Moody’s Investors, India’s Real GDP for the current and next fiscal to grow at 7.2% and 7.4%.
  • Moody’s Corporation, often referred to as Moody’s, is an American business and financial services company. It is the holding company for Moody’s Investors Service, an American credit rating agency, and Moody’s Analytics, an American provider of financial analysis software and services.

Sports News

1. Greg Norman Medal

  • Minjee Lee(Australia Golfer) has become the first woman to win Greg Norman Medal as the best Australian golfer.
  • She is an Australian professional golfer from Perth. She became the number one ranked amateur golfer in February 2014 after winning the Oates Victorian Open, remaining number one until turning professional in September 2014. Currently at Number 6 in the world.

2. Pune International Marathon

  • Atlawim Debebe (Ethiopia) has won the Pune International Marathon in Men’s Category.
  • In women’s Category, Pascalia Chepkogei(Kenya) has won the Pune International Marathon.

3. Mountaineer Tuhin Satarkar

  • Mountaineer Tuhin Satarkar scaled three routes in the treacherous Sahayadri mountain range in 12 days and has become first Indian to achieve this.
  • Western Ghats also known as Sahyadri is a mountain range that runs parallel to the western coast of the Indian peninsula, located entirely in India. It is a UNESCO World Heritage Site and is one of the eight “hottest hot-spots” of biological diversity in the world. It is sometimes called the Great Escarpment of India.

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