Daily Current Affairs

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This post contains important daily current affairs of 7 December 2020. It includes all Major National, International, Business and Sports related current affairs of 7 December 2020. We have collected the latest daily current affairs and compiled them date wise. These current affairs are important for all competitive exams like bank, ssc, ibps, sbi exams. The GK current affairs will help you score more in these competitive exams. 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 7 December 2020 daily Current affairs test.

Daily Current Affairs 7 December 2020

Armed Forces Flag Day is observed on December 7
Armed Forces Flag Day is observed across the country on 7 December since 1949 to honour the martyrs. It is also a day to remember the men who fought with bravery on the borders to safeguard the country’s honour.

International Civil Aviation Day is observed on December 7
International Civil Aviation Day is observed on 7 December worldwide. It came into existence in 1994 as part of ICAO’s 50th-anniversary activities. It is known to raise awareness about these important days for social and economic development.

Serum Institute of India applies for emergency approval of covid vaccine candidate ‘Covishield’
Serum Institute of India (SII) has applied for emergency approval of made-in-India covid vaccine candidate, Covishield. SII CEO Adar Poonawalla has confirmed it and said it will save countless lives. SII, the world’s largest vaccine producer by volume, had sought emergency use authorization in the country for AstraZeneca Plc’s COVID-19 vaccine candidate.

2021 edition of Paris Air Show cancelled
The 2021 edition of the Paris Air Show cancelled next year’s edition of the event because of the Covid-19 pandemic. The biannual show, usually held in June, is the world’s key event for the aerospace industry, showcasing civilian and military aircraft and equipment. The dates for the next scheduled Paris Air Show in 2023 would be announced shortly.

Google Pay, PhonePe account for 86% of UPI transactions by value in Oct: NPCI
Payments operators, Google Pay and PhonePe, seem to have a stranglehold on the unified payments interface (UPI) market in India. According to October data from the National Payments Corporation of India (NPCI), published for the first time, Google Pay accounted for 857.81 million transactions, while PhonePe came in second with 839.88 million transactions. Together, the two apps accounted for about 81% of the market, the data shows.

ICICI Bank launches ‘iMobile Pay’
ICICI Bank has launched ‘iMobile Pay’, the app offers a unique combination of facilities of a payment app such as enabling customers to pay to any UPI (Unified Payments Interface) ID or merchants, pay bills and do online recharges among others, with instant banking services namely savings account, investments, loans, credit cards, gift cards, travel cards and much more. The users of ‘iMobile Pay’ can also transfer money to any bank account, payment app and digital wallet.

Kotak Mutual Fund launches India’s first international REIT fund of funds
Kotak Mahindra AMC (Kotak Mutual Fund) launched Kotak International REIT Fund of Funds, India’s first diversified REIT Mutual Fund. Kotak International REIT Fund of Funds is an open-ended mutual fund scheme that will invest in units of SMAM Asia REIT Sub Trust Fund. This mutual fund scheme will have a diversified investment portfolio comprising listed REITs which will invest in real estate projects like residential, office, data centres, warehousing, retail and hospitality.

RBL Bank appoints Somnath Ghosh as Non- Executive Director
RBL approved the appointment of Somnath Ghosh as an Additional (Non-Executive Independent) Director of the Bank. Somnath Ghosh also has been a consultant to The World Bank on three different occasions.

Vedantu appoints Ranjan Sakalley as head of engineering & tech
Online live tutoring company Vedantu on Monday said it has appointed Ranjan Sakalley as head of engineering and technology, and plans to expand its engineering team to 200 people by March 2021.

Veteran Hindi writer Madhukar Gangadhar passes away
Veteran Hindi writer Madhukar Gangadhar passed away. He was 88 years old. Mr. Gangadhar was born in Bihar’s Purnia district on 7th January 1932. He also worked in the capacity of Deputy Director General (DDG), AIR at New Delhi. After serving for 39 years in All India Radio (AIR) he became an independent writer based in Delhi. ‘Motiyo Wale Hath’, ‘Hirna Ki Aankhen’ are some of his most well known works.

Popular TV actress Divya Bhatnagar passes away
Popular face in Indian TV Divya Bhatnagar passed away. She was a 34 year old actor, who acted in hit serials like Yeh Rishta Kya Kehlata and Udaan.

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