Indian Navy Day observed nationally
The 46th Indian Navy Day was celebrated on 4 December 2017. The day is observed every year to celebrate the achievements and role of the naval force in the country.
On this day in 1971, the Indian Navy carried out Operation Trident, which was a devastating attack on Pakistan’s Naval Headquarters of Karachi. The attack irreparably damaged destroyers and oil storage tanks at the Karachi port and sank Pakistan Naval Ship, PNS Ghazi.
To commemorate the day this year, the Defence Ministry has stated that twenty innovations have been shortlisted from those submitted by units and establishments across the Navy for central evaluation. The innovations range from innovative repairs to complex system modules to development of new techniques that would save money, time and manpower.
Venezuela to launch new virtual currency
The President of Venezuela, Nicolas Maduro has announced the creation of a new virtual currency in a bid to ease the country's economic crisis.
The economy of the country has been impacted heavily by the falling oil revenue and plummeting value of its existing currency, the bolivar. According to the President, the new crypto-currency - Petro - would allow the country to advance in issues of monetary sovereignty, to make financial transactions and overcome the financial blockade.
Venezuela’s economic crisis is mainly triggered by a fall in crude oil prices and a drop in oil production. Petroleum is its main source of hard currency.
Deepika Kumari wins bronze medal at Indoor Archery World Cup
Indian archer Deepika Kumari won the bronze medal at the Indoor Archery World Cup Stage 2, which concluded in Bangkok, Thailand on 3 December 2017.
The third-seeded Deepika defeated the 13th seeded Sayana Tsyrempilova of Russia 7-3 in the women's recurve bronze play-off. Her medal is however, the only one India managed to grab at the tournament, as other Indian archers crashed out early from the tournament.
This disappointing finish comes close on heels of the overwhelming success Indian archers got at the Asian Championship in Dhaka, where they bagged a rich haul of nine medals - 3 gold, 4 silver and 2 bronze.