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Daily News Digest:04 December 2020

EXPLAINED: NAVY DAY

Indian Navy Day is celebrated every year on December 4 to commemorate the attack on the Karachi harbour during the India-Pakistan war in 1971.

Chhatrapati Shivaji Maharaj, Maratha emperor, is considered as 'Father of the Indian Navy'. The motto of the Indian Navy is ‘Sham No Varunaḥ’, which means “May the lord of the water (Varuna) be auspicious to us”.

EXPLAINED: MUNICIPAL BONDS

Lucknow Municipal Corporation bonds became the first municipal bonds from North India to be listed on Bombay Stock Exchange (BSE). 

The funds raised through the bond will be invested in various infrastructure schemes in the state capital, including the water supply project and housing project being implemented under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) Scheme.

EXPLAINED: INDIA’S TOP 10 POLICE STATIONS FOR 2020

The Ministry of Home Affairs has released a list of the top 10 police stations in India for the year 2020. Nongpok Sekmai police station in Thoubal district of Manipur has topped the list of best performing police stations awarded by the Ministry of Home Affairs this year.

RBI MONETARY POLICY EXPLAINED

Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) leave the policy repo rate unchanged at 4%. Marginal Standing Facility and Bank Rate will also remain unchanged at 4.25%, while the Reverse Repo Rate too will remain unchanged at 3.35%.

PLACES IN NEWS

Gulf of Mannar is a large shallow bay forming part of the Laccadive Sea in the Indian Ocean. It lies between the west coast of Sri Lanka and the southeastern tip of India, in the Coromandel Coast region.

THIS DAY IN HISTORY

Sati, or Suttee, is derived from the name of the goddess Sati, who immolated herself because she was unable to bear her father Daksha's humiliation towards her husband Shiva. 

Bengal Sati Regulation which banned the Sati practice in all jurisdictions of British India was passed on December 4, 1829, by the then Governor-General Lord William Bentinck. In the 16th century, Humayun was the first to try a royal agreement against the practice.

TOPIC OF THE DAY

Nuclear Science is the study of the structure, properties, and interactions of atomic nuclei, which are the hearts of atoms. The nucleus is the place where almost all of the mass of ordinary matter resides. The atomic nucleus consists of nucleons including protons and neutrons.

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TOPIC OF THE DAY

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THIS DAY IN HISTORY

4 - December – 1829:   Britain abolished "sati" in India (widow burning herself to death on her husband's funeral pyre). Sati, or Suttee, is derived from the name of the goddess Sati, ...

2 months ago

PLACES IN NEWS

Gulf of Mannar It is a large shallow bay forming part of the Laccadive Sea in the Indian Ocean. It lies between the west coast of Sri Lanka and the southeastern tip of India, in the Coromandel Coast ...

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RBI MONETARY POLICY EXPLAINED

RBI MONETARY POLICY EXPLAINED Context Reserve Bank of India announced Monetary Policy. Details Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC)  leave the policy repo rate un ...

2 months ago

EXPLAINED: INDIA’S TOP 10 POLICE STATIONS FOR 2020

EXPLAINED: INDIA’S TOP 10 POLICE STATIONS FOR 2020 Context The Ministry of Home Affairs has released a list of the top 10 police stations in India for the year 2020. Details Nongpok Sekmai pol ...

2 months ago

EXPLAINED: MUNICIPAL BONDS

EXPLAINED: MUNICIPAL BONDS Context Lucknow Municipal Corporation bonds became the first municipal bonds from North India to be listed on Bombay Stock Exchange (BSE). Details Lucknow becomes the nin ...

2 months ago

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