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Daily Current Affairs, 5th December 2018

Daily Current Affairs, 5th December 2018
1. World Bank unveils US $200 billion in climate action investment for 2021-25
World Bank has unveiled US $200 billion in climate action investment for 2021 to 2025 to fight impact of climate change. The move coincides with Conference of Parties-24 (COP24) United Nations Climate Summit in Katowice, Poland.
  • The breakdown of US $200 billion will comprise approximately 100 billion in direct finance from World Bank.
  • Around one-third of remaining funding will come from two World Bank Group agencies and rest will be private capital mobilized by the World Bank Group.
  • World Bank is an international financial institution that provides loans to countries of the world for capital projects. Its official goal is reduction of poverty by providing loans to developing countries for capital programmes.
  • It is one of five institutions created at Breton Woods Conference in 1944. Its headquarters is situated at Washington DC, US.
2. EAM Swaraj co-chair India-UAE JCM for Economic and Technical Cooperation
External Affairs Minister Sushma Swaraj and Foreign Minister of UAE Sheikh Abdullah bin Zayed Al Nahyan co-chaired 12th India-UAE Joint Commission Meeting for Economic and Technical Cooperation.
  • Sushma Swaraj also co-inaugurated the Gandhi- Zayed digital museum along with the Foreign Minister of UAE Sheikh Abdullah bin Zayed Al Nahyan.
  • India and the UAE enjoy strong bonds of friendship. With nearly 50 billion US Dollar bilateral trade, the two countries are one of the largest trade partners for each other and have made robust investments bilaterally.
  • UAE is the sixth-largest source of India's oil imports and hosts a 33 lakh strong Indian community.
3. India Water Impact Summit-2018 to be held from 5th December
Union Minister for Water Resources, River Development and Ganga Rejuvenation Shri Nitin Gadkari will inaugurate India Water Impact Summit 2018, being jointly organized by the National Mission for Clean Ganga (NMCG) and the Centre for Ganga River Basin Management and Studies (cGanga) from 5-7 December 2018 in New Delhi.
  • The India Water Impact Summit is an annual event where stakeholders get together to discuss, debate and develop model solutions for some of the biggest water related problems in the country.
  • Nearly 200 domestic and international participants from nearly 15 countries and more than 50 Central, State and Municipal Government representatives are likely to participate in the summit.
4. Ministry of Railways Signs a MoU with Madame Tussauds Wax Museum to foster tourism in DelhiNCR
Ministry of Railways’ National Rail Museum (NRM) and Madame Tussauds Wax Museum join hands together to provide an amazing combo offer to Delhi NCR tourists.
  • As a part of the collaboration, a special discount of 35% on ticket prices will be offered to NRM visitors when they visit Madame Tussauds Museum.
  • Similarly, Madame Tussauds Wax Museum visitors will be getting an attractive discount of 30% on combo packages of NRM.
  • It is envisaged that this innovative, first time ever, public-private museum collaboration, shall attract more tourists to both National Rail Museum and Madame Tussauds Wax Museum.
5. India's heaviest satellite GSAT-11 successfully launched by Ariane-5 rocket to provide better broadband services
The ISRO launched GSAT-11 satellite and put it successfully in earth orbit from Kourou Launch Zone, French Guiana in South America. ISRO used the Ariane-5 VA246 heavyweight rocket of Arianespace for this mission.
  • It will operate from 74 degree east. The GSAT-11 weighing 5,854 kg is the heaviest satellite built by ISRO.
  • The GSAT-11 is the next generation high throughput communication satellite that will play a vital role in providing broadband services across the country.
  • It will also provide a platform to demonstrate new generation applications such as in flights internet connectivity. The satellite is expected to have a lifespan of 15 years.
6. Shri A. N. Jha appointed as Finance Secretary
The appointments Committee of the Cabinet has approved designating Shri A. N. Jha, IAS, Secretary, Department of Expenditure, Ministry of Finance as Finance Secretary.
  • The senior most secretary in the Finance Ministry is normally designated as the Finance Secretary.
  • Mr. Jha had been succeeded Mr. Ashok Lavasa as the Expenditure Secretary in November, 2017.
  • Before that, he had served as Secretary, Ministry of Environment, Forests & Climate Change.
7. Gautam Gambhir announces retirement from all forms of cricket
Former India opening batsman Gautam Gambhir has announced his retirement from all forms of Cricket, saying his time to continue with the game is over.
  • Gambhir played in 58 Tests between 2004 and 2016, scoring 4,154 runs at an average of 41.95, with the help of nine hundreds and 22 fifties.
  • He also played in 147 ODIs between 2003 and 2013, besides featuring in 37 T20 Internationals.
8. Book Release - ‘Blue Waters Ahoy!’ Chronicling the Indian Navy’s History from 2001-10
Admiral Sunil Lanba, released a book titled ‘Blue Waters Ahoy!’ – chronicling the Indian Navy’s History from 2001-10. The unveiling was a part of an At Home function held at the Navy House in the presence of His Excellency, Sh. Ramnath Kovind, the President of India and the Supreme Commander of the Armed Forces.
  • The Indian Navy celebrates Navy Day every year on 04 December 2018 to commemorate its offensive actions during the 1971 war.
  • The book has been authored by Vice Admiral Anup Singh, who retired as the Flag Officer Commanding-in-Chief of Eastern Naval Command in 2011.

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