- Industrial Relation Code bill-2019 introduced in Lok Sabha
- Santosh Kumar Gangwar, Labour and Employment Minister, introduced the Industrial Relation Code bill-2019 in the Lok Sabha today.
- The objective of the bill is to set up a two-member tribunal for speedy disposal of the cases. It introduces a concept that some of the important cases will be adjudicated jointly and the rest by a single-member resulting speedier disposal of cases.
- Fixed Term Employment definition has also given in the bill. The fixed-term employment will not include any notice period or payment.
- 47th All India Police Science Congress
- A 2-day All India Police Science Congress (AIPSC) has started at Lucknow today. It is the 47th session of the AIPSC.
- The objective of this programme is to focus on various issues related to the police. It has five related topics on challenges in policing.
- Uttar Pradesh is hosting AIPSC after 22 years. Chief of the event was former IPS and Puducherry LG Kiran Bedi.
- Indian Army inducted ATGMS Spike along LoC in JK
- The Indian Army has inducted anti-tank guided missiles (ATGMs) Spike along the Line of Control (LoC) in northern command theatre in Jammu and Kashmir.
- The induction aims to strengthen the defence along the country’s border with Pakistan.
- India-Israel deal: Israel delivered a total of 210 missiles along with 12 launchers to India under an Rs.280 crore deal.
- The delivery is a part of Israel’s emergency purchase mechanism.
- Assam bans gutka, pan masala containing tobacco-nicotine for one year
- In a move to make Assam a tobacco free state, the state government imposed a complete ban on the sale, manufacture, storage, distribution, transportation and display of gutka, pan masala and chewing materials containing tobacco and nicotine.
- The Assam government has banned the gutka, pan masala and chewing materials containing tobacco and nicotine for a period of one year in the state under Clause (A) of Sub-Section 2 of Section 30 of the Food Safety & Security Act, 2006.
- The prohibition has been made under the regulations of 2, 3 and 4 of the Food Safety & Standards (Prohibitions and Restrictions on Sales) Regulations 2011 of the Food Safety & Standards Act.
- Muttiah Muralitharan becomes Governor of Northern Province of Sri Lanka
- Former Sri Lankan spinner Muttiah Muralitharan has been appointed as the Governor of the Northern Province of Sri Lanka.
- The majority of the population is Tamil in the area. He was elected with the consent of the President of Sri Lanka.
- Sri Lanka’s newly elected President Gautabaya Rajapaksa personally invited Muralitharan to become the governor of the province.
- UAE and Saudi Arabia sign four memorandums of understanding
- The UAE and Saudi Arabia signed four memorandums of understanding (MoUs) during the second meeting of the Saudi-Emirati Coordination Council in Abu Dhabi.
- The meeting comes as part of efforts by the two countries to activate all aspects of cooperation that leads to full integration in economy, knowledge and human development, and military.
- The meeting, chaired by His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Prince Mohammed Bin Salman Bin Abdul Aziz, Saudi Arabia’s Crown Prince, Deputy Prime Minister and Minister of Defence, also reviewed seven strategic initiatives.
- Saudi Arabia elected to UNESCO’s world heritage committee
- Saudi Arabia was elected to UNESCO’s World Heritage Committee for the first time.
- The announcement comes after the Kingdom was elected to the UN heritage body’s executive board for 2019-2023.
- The World Heritage Committee meets once a year, and consists of representatives from 21 member states to the convention elected by the general assembly.
- There are five sites in Saudi Arabia that are currently on UNESCO’s World Heritage List: Al-Ahsa Oasis, Al-Hijr Archaeological Site (Madain Saleh) in AlUla, Al-Turaif district in Diriyah, Historic Jeddah, and rock art in the Hail region.
- China topped with the most diplomatic posts across the world
- Lowy Institute, an Australian think tank, reported that China has overtaken the United States as the country with the most diplomatic posts across the world.
- India ranked 12th in the diplomatic sweepstakes in the report.
♦ China now has 276 diplomatic posts globally whereas the US holds 273 diplomatic posts.
♦ China has just one additional embassy and high commission, 169, than the US that has 168
Banking & Finance
- India Ratings lowers India’s Q2 GDP growth to 4.7%; FY20 forecast at 5.6%
- Indian economy may have slowed for the sixth consecutive quarter in July-September to 4.7 per cent, Fitch group firm India Ratings and Research, as it lowered GDP growth forecast for current fiscal for the fourth time.
- India Ratings and Research has revised its GDP growth forecast for FY20 to 5.6 per cent.
Business & Economy
- RIL becomes first Indian firm to hit Rs 10 lakh crore m-cap mark
- Reliance Industries (RIL), became the first Indian company to hit the Rs 10 lakh crore market valuation level in intra-day following a spike in its share price.
- The oil-to-telecom conglomerate’s market capitalisation (m-cap) zoomed to Rs 10.02 lakh crore during morning trade on the BSE.
- The company’s stock rose 0.73 per cent to a record peak of Rs 1,581.25 in intra-day trade on the stock exchange.
- Over the past few session, RIL’s market valuation has been hovering near the Rs 10 lakh crore mark. In October this year, its shares hit the Rs 9 lakh crore m-cap level. In August 2018, it became the first Indian company to have crossed the Rs 8 lakh crore m-cap mark.
- TCS is the country’s second most valued firm with a market valuation of Rs 7,79,708.02 crore, followed by HDFC Bank with a market cap of Rs 6,96,494.75 crore, Hindustan Unilever (Rs 4,49,252.62 crore) and HDFC (Rs 3,99,599.38 crore).
Award & Honors
- G Satheesh Reddy was awarded the honorary fellowship by RAeS
- G Satheesh Reddy, the Chairman of Defence Research and Development Organisation (DRDO), was awarded the Honorary Fellowship.
- The award was presented by the Royal Aeronautical Society of the United Kingdom.
- The award recognized his contributions towards development and indigenous design, deployment of aerospace vehicles, diversified missile systems, guided weapons and avionics technologies in India.
Science, Space & Technology
- Indian Navy successfully test-fired Brahmos Cruise Missile
- BrahMos missile was successfully test-fired by Indian Navy with a strike range of 290 km.
- BrahMos is a medium-range supersonic missile. Now, it can be used by the Indian Navy, Military and Air Force.
- Indian Navy conducted its test in the Arabian Sea. Earlier, Indian Air Force test-fired BrahMos missile from Su-30 MKI fighter jet.
- Researchers discovered a massive black hole in the Milky Way
- Researchers from the National Astronomical Observatory of China have discovered a black hole in the Milky Way.
- The black hole is so huge that it challenged the existing models of the evolution of stars.
- The black hole was discovered by an international team of scientists using China’s sophisticated Large Sky Area Multi-Object Fibre Spectroscopic Telescope (LAMOST) telescope.
- Former Navy Chief Admiral Sushil Kumar passed away
- Former Navy Chief Admiral Sushil Kumar passed away at a military hospital in New Delhi on 27 November 2019. He was 79-years-old.
- Admiral Sushil Kumar was the 16th Chief of Naval Staff.
- He served as the Navy Chief from 1998 to 2001.
- He oversaw the Naval operations during the Kargil conflict of 1999.
- He was the Chairman of the Chiefs of Staff Committee when India planned Operation Parakram, in 2000-2001, in the wake of the terror attack on Parliament.