07 December - International Civil Aviation Day

07 December - National Armed Forces Flag Day

Mathematician Nikhil Srivastava selected for the inaugural AMS's Ciprian Foias Award.

  • Indian-American mathematician Nikhil Srivastava has been jointly selected to inaugurate the $5,000 Cipriani Foyce Prize.
  • He was selected by the American Mathematical Society (AMS) for his highly original work in operator theory.
  • The other winners are Adam Marcus and Daniel Spielman.
  • The award recognizes his highly original work which introduced and developed methods for understanding characteristic polynomials of matrices.

Gujarat became the largest manufacturing hub of India.

  • According to the RBI data, Gujarat has overtaken Maharashtra to become the major manufacturing hub of the country.
  • The data shows that Gujarat grew gross value added (GVA) in the manufacturing sector by 15.9% annually to Rs 5.11 lakh crore between FY 2012 and FY 2020.
  • GVA is an economic metric that measures the supply of goods and services in an economy.

IDFC FIRST Bank launched India's 1st standalone metal debit card.

  • IDFC First Bank announced the launch of First Private Infinity, the country's first standalone metal debit card, in partnership with Visa.
  • FIRST Private Infinite is a Lifetime Free Card specially designed for customers who are part of the Bank's FIRST Private Program, Premium Savings and Wealth offering.
  • The first private program offers customers an unmatched banking and investment experience and comes with a range of exceptional investment, banking, lifestyle and wellness benefits.

IIT Madras will launch a global consortium aimed at a low carbon future.

  • IIT Madras launched a global energy consortium to promote change towards a low carbon future.
  • The institute believes that the next generation energy challenges require a multi-domain interdisciplinary approach and strong collaboration between academia and industry, which is the main focus of this initiative.
  • More than 50 global faculty will work in areas such as carbon capture and storage, gas hydrates and renewable energy systems.
  • The consortium will be launched at the IIT Madras Energy Summit to be held from December 14 to 16.
  • These initiatives will form the core of the Global Energy Consortium.

PM Modi inaugurated the Thought Leadership Forum on Fintech "Infinity Forum".

  • The event was hosted by International Financial Services Center Authority (IFSCA) under the aegis of Government of India in association with GIFT City and Bloomberg.
  • Indonesia, South Africa and the United Kingdom were the partner countries in the first edition of the Forum.
  • The forum focused on the theme of Beyond with various sub-themes.
  • The Sub-themes include Fintech Beyond Borders, Fintech Beyond Finance, and Fintech Beyond Next, with a focus on how quantum computing may influence the nature of the fintech industry in the future and foster new opportunities.

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