 The Transport Ministry has extended the 01st December deadline for 100% electronic toll collection across National Highways in the country by two weeks (15th December). This comes as the government wants to allow a 15 days’ breather for vehicle owners to switch to FASTags. FASTag is a sticker that has to be put at the front windshield of your vehicle. This sticker becomes the radio frequency identity of your car which is automatically read by the sensors placed at the toll plazas. |
| Source- The Economic Times |
 Steve Smith became the fastest cricketer to score 7,000 Test runs, shattering a record that had stood since 1946, while moving past Donald Bradman to become Australia’s 11th highest scorer. The 30-year-old took a single off Muhammad Musa during the second Test against Pakistan in Adelaide to reach the milestone and take possession of a record held for 73 years by English great Wally Hammond. Hammond reached the mark in 131 innings, while Smith, who played his first Test nine years ago, made the grade in his 126th. India’s Virender Sehwag is the third fastest in 134 innings. |
| Source- The Hindu |
 The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 1.50 crore on Corporation Bank for non-compliance with certain provisions of directions issued by RBI. The penalty has been imposed in the exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and 51 (1) of the Banking Regulation Act, 1949. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. |
| Source- The Hindu Business Line |
 Former deputy governor of RBI, HR Khan has been appointed as the first chairman of the steering committee of the Code for Responsible Lending (CRL) in micro-credit. The CRL is a self-regulatory step for the micro-credit industry making diverse entities like banks, NBFC-MFIs and NBFCs adhere to standards of customer protection. CRL was launched in September by MFIN and Sa-Dhan, an RBI-recognised association of MFIs, along with the Finance Industry Development Council, an association of NBFCs. |
| Source- Money Control |
 Non-bank lender Aditya Birla Finance became the first company to list its commercial papers borrowing of Rs 100 crore on the bourses. The Kumarmangalam Birla-led company listed its CPs on NSE with a value date of November 28, 2019, and maturity date on February 7, 2020, on BSE and NSE, both the bourses. ABFL is a diversified non-banking finance company (NBFC) with a long-term credit rating of AAA (Stable) from both Icra as well as India Ratings. |
| Source- Business Standard |
 India’s GDP growth hit an over six-year low of 4.5 percent in July-September 2019, dragged mainly by the deceleration in manufacturing output and subdued farm sector activity. The Gross Domestic Product (GDP) growth was recorded at 7 percent in the corresponding quarter of FY 2018-19. In the previous quarter of the ongoing fiscal, economic growth was 5 percent. This GDP growth data for the September 2019 quarter is the lowest since January-March of 2012-13 when it was registered at 4.3 percent. |
| Source- The Asian Page |
 Yasuhiro Nakasone, one of Japan’s longest-reigning Prime Ministers and known for his friendship with Ronald Reagan, has passed away at the age of 101. Nakasone, Prime Minister from 1982 to 1987, shared the world stage with Reagan and Margaret Thatcher while battling with bureaucrats over domestic reforms. In 1983, he became the first Japanese premier to officially visit South Korea, mending fences with a country that Japan had brutally colonized from 1910 to 1945. |
| Source- The Guardian |
 Defence Minister Rajnath Singh will inaugurate the 3-day-long Military Literature Festival (MLF) on 13 December 2019 at Chandigarh. The event would present an international level forum to foster and preserve the exchange of knowledge related to military literature and associated works. The 10 books of noted defence and literary authors would also be released on occasion. This year, the event would commemorate Indian participation in the Burma Campaign in World War II, the 75th anniversary of which falls next year. |
| Source: The Times of India |
 India wins bid to host 2023 Men’s Hockey World Cup Kalinga Hockey Stadium in Bhubaneswar and Biju Patnaik Hockey Stadium in Rourkela to be the venues for the tournament. The state capital is also one of the venues for the 2020 FIFA Women’s U-17 World Cup. Bhubaneswar has hosted some big international sporting events, including the 2017 Asian Athletics Championships, 2017 FIH Hockey World League Final, FIH Men’s Series Finals in 2019 and the recently-concluded FIH Hockey Olympic Qualifiers. |
| Source: The DD News |
 The European Union’s legislature has declared a climate emergency, in a symbolic move aimed at increasing pressure on the incoming European Commission to take a stronger stance on climate change. The parliament voted 429/225 with 19 abstentions to call the increasing environmental challenges linked to climate change an emergency. The climate declaration was passed in Strasbourg during a European Parliament debate on the upcoming United Nations’ COP25 climate summit. The summit kicks off on 2nd December in Madrid. EU lawmakers urged the European Commission to fully ensure all relevant legislative and budgetary proposals are fully aligned with the 1.5-degrees-Celsius target limit on global warming. The resolution calls on the EU to cut emissions by 55 per cent by 2030 to become climate neutral by 2050. |
| Source: The News on AIR |
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