News For 5th-Dec (Monday)

Sports News
1. Legendary sprinter P T  Usha is set to become the first woman president of the Indian Olympic Association (IOA) in the sports body's 95-year-long history.
2. Four times FIFA world cup champions Germany & FIFA ranked two side Belgium have failed to qualify for the round of 16 in the ongoing FIFA world cup.

International news
3.G7 unanimously agreed on capping the trade of Russian crude oil in international market. It comes at a crucial time when Russian economy is in shackles as a result of various sanctions and amid global recession.
4. Soon after the removal of Pakistan from FATF grey list, IMF has set up a panel for sanctioning the relief funds as the country's economic situation is worsening day by day as a result of running inflation and widespread distruction.
5. Russia expressed to expand the BRICS by adding 12 new countries. This is significant as BRICS control 32% of worlds GDP and if this move is implemented it will further strengthen the organisation and will help India in expanding global outreach to aspiring countries.

Defence News
6. On the occasion of Navy Day on 4th of December, Indian Navy celebrated 50 years of Operation Trident which was launched by Indian Navy to attack Karachi Harbour during 1971 Indo-Pak war.

National News
7.India has taken over the G20 presidency. The prime focus will be on contemporary issues like global recession & increasing trade competitiveness.
8. Indian Government has started the construction of 47 Indigenously build Container ships. They are jointly manufactured by L&T shipyard limited, Cochin shipyard limited & Goa Shipyard limited, under Shipbuilding Financial Assistance Policy(SBFA) under the MAKE IN INDIA project.
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