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Important Current Affairs 10th September 2020

National

Child Mortality Rate in India declined substantially between 1990 and 2019: UNICEF Report

• According to the new mortality estimates released by UNICEF, India’s child mortality rate has declined substantially between 1990 and 2019.

• The under-five mortality rate (deaths per 1,000 live births) in India declined to 34% in 2019 from 126% in 1990. The number of global under-five deaths has dropped to its lower point on record in 2019 to 5.2 million from 12.5 million in 1990.

• The Levels & Trends in Child Mortality’ Report 2020 is a joint work of UNICEF, the World Health Organization (WHO), the Population Division of the United Nations Department of Economic and Social Affairs and the World Bank Group.

Silver Lake Partners has picked up 1.75 per cent stake in the retail arm of Reliance Industries for Rs 7,500 crore.

• This investment values RRVL at a pre-money equity value of Rs 4.21 lakh crore. Silver Lake’s investment will translate into a 1.75 per cent equity stake in RRVL on a fully diluted basis.

• This marks the second billion-dollar investment by Silver Lake in a Reliance Industries subsidiary after the USD 1.35 billion investment in Jio Platforms announced earlier this year.

Banking and Economy

India Ratings forecasts contraction of 11.8% in FY21 GDP

• The Indian arm of Fitch Ratings, India Ratings and Research (Ind-Ra) has projected India’s FY21 GDP growth forecast at -11.8% as against its earlier prediction of -5.3%.

• The rating agency estimates the economic loss in FY21 to be Rs 18.44 lakh crore. The rating agency also expects India’s GDP to rebound and grow at 9.9% year-on-year in FY22 primarily due to the weak base of FY21.

Goldman Sachs predicts India’s GDP for FY21 at -14.8%

• Goldman Sachs has predicted India’s GDP for FY21 at -14.8%. For Calendar Year 2020 it has projected a contraction of 11.1%.

• For FY22, Goldman Sachs predicts India’s GDP to grow at 15.7% and for Calendar Year 2021 at 9.9%.

SBI to launch loan product ‘SAFAL’ for organic cotton growers

• State Bank of India is planning to launch a loan product named “SAFAL” for organic cotton growers. The product Safe and Fast Agriculture Loan (SAFAL) is primarily focussed on organic cotton growers who don’t have any credit history.

• It stands for Safe and Fast Agriculture Loan (SAFAL). SBI will use Artificial Intelligence (AI) and Machine Learning (ML) for this purpose.

Awards

Noted English Broadcaster David Attenborough wins Indira Gandhi Peace Prize 2019

• David Attenborough, a natural historian, and a renowned author has been conferred with Indira Gandhi Peace Prize 2019 through a virtual ceremony.

• Mr. Attenborough has been recognized for his contribution through the books and films to awaken the humankind to protect and preserve the biodiversity on our planet. While the Congress President Sonia Gandhi attended the ceremony, former Prime Minister Manmohan Singh presented the prize virtually.

Lifetime Achievements Award to Prof. Aditya Prasad Padhi

Indian Chartered Accountancy Parivar and Delhi University Ramanujan College Professor Aditya Prasad Padhi, former Vice – Chancellor of Berhampur University has been honoured with “Lifetime Achievements Award” for his outstanding contribution to higher education in India.

Obituary

Telugu Actor Jayaprakash Reddy passes away

• Veteran Telugu stage and film actor Jayaprakash Reddy died of heart attack at his residence in Guntur. He was 74. Jayaprakash Reddy, popularly known as JP, began his career as a school teacher. His passion for acting drove him towards the stage and he played varied roles in countless dramas.

• JP acted in more than 100 films along side the top heroes of Telugu films like Chiranjeevi, Balakrishna, Nagarjuna, Venkatesh, Pawan Kalyan and Mahesh Babu

Appointments and Resignations

Anil Jain becomes new President of All India Tennis Association

• The All India Tennis Association (AITA) has elected Anil Jain as its new president, while Anil Dhupar was chosen as its secretary-general. India’s Davis Cup captain Rohit Rajpal was elected as the treasurer for a four-year term till 2024.

• All the office-bearers, as well as the new executive committee members, were elected unopposed. Anil Jain will replace Praveen Mahajan as AITA president. Dhupar will replace Hironmoy Chatterjee.

Days

World Suicide Prevention Day

• World Suicide Prevention Day (WSPD) is observed on 10 September every year, in order to provide worldwide commitment and action to prevent suicides.

• The International Association for Suicide Prevention (IASP) collaborates with the World Health Organization (WHO) and the World Federation for Mental Health (WFMH) to host World Suicide Prevention Day with various activities around the world since 2003.

• The theme for 2020 World Suicide Prevention Day is ‘Working Together to Prevent Suicide’.

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