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Daily Current Affairs 7th December 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 7th December2023. It includes all Major National, International, Business and Sports related current affairs of 7th December2023. 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 7th December2023 Current affairs test.


National News

1. Fourth Phase of GIAN Scheme Relaunched

  • The Ministry of Education has resumed the Global Initiative of Academic Networks (GIAN) in its fourth phase after eight years.
  • The National Institute of Educational Planning and Administration (NIEPA) supports the scheme’s continuation following a comprehensive evaluation.
  • Since its inception, GIAN has seen over ₹126 crore in expenditure and hosted 1,612 international faculty in India.

2. Inauguration of Dixon Technology’s New Facility

  • Union Minister Ashwini Vaishnaw inaugurated Dixon Technology’s latest manufacturing unit in Noida.
  • The plant, involving an investment of over ₹400 crore, aims to boost domestic smartphone production, including manufacturing Xiaomi smartphones.
  • This initiative aligns with the government’s Production Linked Incentive (PLI) scheme.

3. India and China Decline COP28 Energy Pledge

  • India and China have decided not to join the COP28 commitment to triple the world’s renewable energy capacity.
  • However, 118 countries agreed to double their energy efficiency rate by 2030.
  • Russia, Saudi Arabia, and Iran, major oil producers, also did not join the pledge.

Appointments & Resignations

1. New Leadership in IBBI

  • Jitesh John has been appointed as the Executive Director of the Insolvency and Bankruptcy Board of India (IBBI).
  • Sandip Garg takes on the role of a Whole Time Member at IBBI.

2. NHRC Appoints Special Monitors

  • Rakesh Asthana and six others have been named special monitors of the National Human Rights Commission (NHRC).
  • Their focus will be on issues like terrorism, cybercrime, environmental concerns, education, and healthcare.

Awards & Honours

1. Jimmy George Award to Murali Sreeshankar

  • Olympian long jumper Murali Sreeshankar will receive the Jimmy George Award, recognizing him as Kerala’s top sportsperson.

2. ESIC Wins ISSA Vision Zero 2023 Award

  • The Employees’ State Insurance Corporation (ESIC) received the ISSA Vision Zero 2023 Award at the 23rd World Congress on Safety and Health at Work in Sydney.

Defence News

1. Indian Navy Acquires New Survey Vessel

  • The Indian Navy has taken delivery of “Sandhayak,” its first large Survey Vessel, the largest of its kind built in India, equipped for comprehensive hydrographic surveying and other functions.

Science & Technology

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1. Launch of South Korea’s Military Satellite

  • SpaceX has launched South Korea’s first military spy satellite, with plans to add four more to its fleet by 2025.

Ranking & Reports

1. NCRB Report on Women’s Safety

  • Delhi is reported as a high-risk city for women, with an average of three rape cases daily.
  • Jaipur has the highest rate of crimes against women.
  • The report also shows a rise in crimes against senior citizens and cybercrimes in Delhi.

Banking & Finance

1. Union Bank of India’s Partnership with Accenture

  • Union Bank of India collaborates with Accenture to develop a scalable enterprise data lake platform.
  • The partnership aims to improve operational efficiency, customer-centric services, and risk management.
  • The platform will leverage predictive analytics, machine learning, and artificial intelligence for business insights.

2. Deactivation of Dormant UPI IDs

  • The National Payments Corporation of India (NPCI) instructs banks and Third-Party Application Providers to deactivate UPI IDs inactive for over a year.
  • Users with inactive IDs will not be able to receive funds starting January, with a deadline for deactivation set for December 31.

3. Federal Bank and NeML Partnership

  • Federal Bank collaborates with NCDEX eMarkets Limited (NeML) to enhance e-procurement and e-auction processes for government organizations.
  • The bank’s Host-to-Host solution will be integrated with NeML’s platform for efficient payment processing.

4. Collaboration Between Ujjivan SFB and

  • Ujjivan Small Finance Bank partners with to offer affordable financing for water and sanitation projects.
  • The bank aims to impact 65,000 households with safe water and sanitation in the next three years.

About Organizations

1. Union Bank of India

  • Founded in 1919, headquartered in Mumbai with A. Manimekhalai as CEO.

2. Accenture

  • Established in 1989, based in Dublin, Ireland, led by CEO Julie Sweet.


  • Responsible for deactivating inactive UPI IDs to enhance fund transfer security.

4. Federal Bank Limited

  • Headquartered in Aluva, Kochi, Kerala, with Shyam Srinivasan as MD & CEO.

5. NCDEX eMarkets Limited (NeML)

  • A subsidiary of NCDEX, focuses on transparent commodities pricing.

6. Ujjivan Small Finance Bank

  • Established in 2017, headquartered in Bangalore, Karnataka, with Ittira Davis as MD & CEO.


  • Founded in 2009, based in Kansas City, Missouri, USA, with Gary White as CEO.
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