Current Affairs for BANK, IBPS Exams - 25 December 2021

::National::

INS Khukri decommissioned at Visakhapatnam after 32 years of service

INS Khukri, the first of the indigenously built Missile Corvettes, was decommissioned after 32 years of glorious service on Thursday, 23 Dec 2021. The ship solemn ceremony was held at Visakhapatnam wherein the national flag, naval ensign, and the decommissioning pennant were lowered at sunset in the presence of Vice Admiral BiswajitDasgupta, Flag Officer Commanding-in-Chief Eastern Naval Command the Chief Guest for the ceremony and some serving and retired former commanding officers of the ship.
The corvette was built by the Mazagaon Dock Shipbuilders on 23 August 1989 and had the distinction of being part of both the Western and Eastern Fleets. The ship was commissioned in Mumbai by Shri Krishna Chandra Pant, the then Hon’bleRakshaMantri and MrsSudhaMulla, wife of late CaptMahendraNathMulla, MVC with Commander (now Vice Admiral Retired) SanjeevBhasin as her first Commanding Officer.
During her service, the ship was commanded by 28 Commanding Officers and traversed a distance of over 6,44,897 nautical miles, which is equivalent to navigating around the world 30 times or 3 times the distance between the Earth and the Moon.
The ship was affiliated with the Gorkha Brigade of the Indian Army and Lt General PN Ananthanarayan, SM, President Gorkha Brigade, attended the solemn ceremony.

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::International::

Russian court fines Google $98 million for not removing banned content

A Russian court has fined Google $98 million for its alleged failure to remove content that is considered illegal in the country.
A Moscow court also slapped a $27 million fine on Meta (formerly Facebook) over its failure to delete content banned by the law of the land.
Russian news service Interfax reported that the judge calculated the fine sum on the basis of information about Google's annual revenue provided by the Federal Service for Supervision of Communications, Information Technology and Mass Media (Roskomnadzor).
The offence to remove banner content is punishable with a fine of 5 per cent to 10 per cent of the overall revenue in a calendar year preceding the calendar year of the administrative offence, Interfax said late on Friday.
The fines on Google and Meta came as Russia exerts more control over big tech firms and the content people publish on their digital platforms.
Google told The Verge in a statement it will "study the court documents when they are available and then decide on next steps".
Earlier this week, Twitter was also fined 3 million rubles ($40,000) for its failure to purge banned content.
According to Roskomnadzor, Facebook and Instagram have failed to remove 2,000 pieces of content and Google failed to purge nearly 2,600 such items.
Russian officials have also asked Google and Apple to remove political opponents' voting apps from their app stores "by threatening to prosecute the companies' locally-based employees", the report said.

::Economy::

National Consumer Day celebrated on 24th December

December 24 is celebrated annually in India as National Consumer Rights Day, also called National Consumer Day, to commemorate December 24, 1986, when the Consumer Protection Act received assent of the President of India. The purpose of the day is to make consumers aware of their rights and responsibilities.
Who is a consumer: A consumer is anyone who purchases goods or services, and pays for it in return.
Consumer Rights in India: Consumer Protection Act guarantees six basic rights to consumers: right to choose the product; right to be protected from all kinds of hazardous goods; right to be informed about the performance and quality of all products; right to be heard in all decision-making processes related to consumer interests; right to seek redressal, whenever consumer rights have been infringed; right to complete consumer education.
Events on National Consumers Day: Each year, the day is celebrated under a specific theme. The Union government, in partnership with the state government, conducts events on consumer awareness. Often, such events feature skits and plays highlighting a customers' rights. In 2019, a virtual seminar was organised by the Department of Consumer Affairs to explain the Consumer Protection Act 2019.
World Consumer Rights Day: People often get confused between World Consumer Rights Day and National Consumer Rights Day. While both have the same purpose, they are observed on different dates. World Consumer Rights Day is celebrated annually on March 15.

Center approves construction of 1.07 lakh houses in 5 states under PMAY(U)

Central government has approved construction of 1.07 lakh houses under various verticals of PradhanMantriAwasYojana-Urban (PMAY-U) in Andhra Pradesh, Madhya Pradesh, Maharashtra, Puducherry and Uttarakhand.
The decision was taken in the 57th meeting of Central Sanctioning and Monitoring Committee (CSMC) chaired by DurgaShanker Mishra, Secretary, Ministry of Housing and Urban Affairs (MoHUA) in New Delhi.
Total number of sanctioned houses under the mission is now 1.14 crore; of which around 91 lakh have been grounded for construction and more than 53 lakh have been completed and delivered to the beneficiaries. The total investment under the mission is Rs 7.52 lakh crore, with central assistance of Rs 1.85 lakh crore. So far, central assistance amounting to Rs 1.14 lakh crore has already been released.
The committee also reviewed the progress of implementation of PMAY-U in other states.
Mishra directed the state/UT officials to expedite construction of houses in their respective areas. He said that grounding should be the first responsibility of the states/UTs, followed by focus on 100% completion of grounded houses. States/UTs should also declare saturation of demand city by city.
Housing secretary also reviewed the progress of Light House Projects (LHPs) in Chennai, Indore, Rajkot, Ranchi, Agartala and Lucknow. He directed the officials to complete the construction work within the stipulated time period.
He urged the LHP states to promote LHP technologies for their further replication in Indian context. He also directed the state officials to encourage students, professionals and other stakeholders to enrol as Technograhis so that more people could learn the use of these technologies. He requested all States/UTs to visit the LHP sites and study about it. Engineers, urban planners should be trained through the Technograhi module.

::Sport::

One needs to applaud Neeraj for implanting will of 'We Can' among youth

"Neeraj Chopra's victory has paved the way for a new chapter in the history of Indian Sports. The achievement has certainly lifted the morale of our country and built more interest and brought focus to the field of athletics. Over the past few years, other sports have taken the spotlight at the Olympics, and it's great to see athletics coming to the forefront once again," PT Usha told ANI.
She also urged people to applaud Neeraj for inspiring the youth by winning the gold medal in the men's javelin throw event at the Tokyo Olympics. He became only the second Indian individual gold medallist after AbhinavBindra.