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Important Current Affairs 12th September 2020

National

Pradhan Mantri Awas Yojana (Gramin):PM to participate in ‘Griha Pravesh’ ceremony virtually

• Prime Minister Narendra Modi will participate in ‘Griha Pravesh’ ceremony and virtually inaugurate 1.75 lakh houses in Madhya Pradesh.

• The house of Subhash and Sushila of Urdan village of Betul district of MP has been completed recently under the Pradhan Mantri Awas Yojana.

Golden Temple gets FCRA Registration

• The Ministry of Home Affairs (MHA) has approved registration of the Sri Harmandir Sahib under the Foreign Contribution (Regulation) Act (FCRA), 2010 on 9 September 2020.

• Sri Harmandir Sahib is famous as Golden Temple in Amritsar. The registration under FCRA 2010 will allow the Golden Temple to receive foreign funds. The FCRA registration will be valid for a period of five years.

13th Aero India-21 to be held in Bengaluru in Feb 2021

• The 13th edition of Aero India-21 is scheduled to be held at Air Force Station, Yelahanka, Bengaluru, Karnataka from 3 to 07 February 2021.

• Raksha Mantri, Shri Rajnath Singh has launched the website for Aero India 2021, so that the exhibitors can register and book their space online as well as Business and other visitors buy their tickets online to visit the show.

• The website can be accessed at https://aeroindia.gov.in

• Aero India is Asia’s largest air show and aviation exhibition held biennially in Bengaluru since 1996.

Meghalaya launched India’s largest “Piggery Mission”

• The state government of Meghalaya has launched India’s Biggest “Piggery Mission” with an outlay of Rs 209 Crores.

•  It is being launched under the aegis of Meghalaya Livestock Enterprises Advancement Society (MLEADS) and funded by the National Cooperative Development Corporation (NCDC).

•  The main objective of the Piggery Mission is to reduce the annual import of Pork worth Rs 150 Crore and make Meghalaya self-sufficient (“Aatma Nirbhar”) in pork production over the next 3 years.

International

India, U.S. and Israel collaborating in 5G tech

• India, Israel and the United States have begun collaboration in developmental area, and in next generation of emerging technologies, including a transparent, open, reliable and secure 5G communication network.

• It was announced at the virtual US-India-Israel summit that focused on trilateral partnerships in the strategic, technology and development arenas.

• The branching out of this trilateral initiative in development and technological arena is a result of the people-to-people collaboration, in particular those by Indian diaspora in the US and Israel, that was initiated by Prime Minister Narendra Modi during his historic visit to Israel three years ago in July 2017.

Banking and Economy

Reliance Industries becomes first Indian firm to cross $200 bn m-cap

• Reliance Industries (RIL) on September 10, 2020, became the first Indian company to cross $200 billion in market capitalization (m-cap).

• The market capitalization of Reliance Industries at the close of the stock market on September 10, 2020, was Rs 15.3 trillion ($208 billion).

• The second best after RIL is Tata Consultancy Services (TCS) with an m-cap of Rs 8.75 trillion, ($119 billion).

Moody’s forecasts India’s GDP at -11.5% for FY21, 10.6% for FY22

• Ratings agency Moody’s has projected the GDP growth rate for India to contract 11.5 percent in the fiscal 2020-21 (FY21) due to the C-19 pandemic.

• For 2021-22 (FY22), Moody’s projected the economy of India to grow at 10.6 percent.

Science and Technology

Microsoft, Nasscom’s FutureSkills to launch AI-skilling initiative in India

• Microsoft in collaboration with Nasscom’s FutureSkills will launch a nation-wide initiative in India to skill students in Artificial Intelligence.

• The initiative aims to skill 1 million students by 2021.

• As part of the collaboration, Microsoft and Nasscom experts will skill the students in AI, machine learning and data science through modules such as live demos, hands-on workshops and assignments as part of the AI classroom series.

Appointments and Resignations

UNICEF appoints Ayushmann Khurrana for children’s rights campaign

• United Nations Children’s Fund (UNICEF) has appointed Bollywood Actor Ayushmann Khurrana as its celebrity advocate for children’s rights campaign, ”For Every Child”.

•  He will work towards this initiative in India. He will support UNICEF to end violence against children.

Ranking

India ranked 105th in Global Economic Freedom Index 2020; Top- Hong Kong

• India (Score- 6.56/10) has been ranked 105th in the Global Economic Freedom Index 2020 released by the Fraser Institute, Canada. HongKong (Score- 8.94/10) has topped the ranking followed by Singapore at the second spot.

• India has fallen 26 spots from 79th spot in last year’s ranking. Venezuela has been ranked last among 162 countries. The rankings are prepared based on the data of the year 2018.

• The index measures the degree to which the policies and institutions of countries are supportive of economic freedom. The Index ranks countries based on five areas—the size of government, legal structure and property rights, access to sound money, freedom to trade internationally, regulation of credit, labour and business.

Days

International Day for South-South Cooperation

• International Day for South-South Cooperation is observed globally on 12th September every year. The day celebrates the economic, social and political developments made in recent years by regions and countries in the south.

• Theme for 2020 is “Pathways toward the SDGs through South-South solidarity beyond C-19.”

•  It also highlights the UN’s efforts to work on technical cooperation among developing countries.

World First Aid Day 2020

• The World First Aid Day is observed on the second Saturday of September every year to create awareness about importance of first aid in preventing injuries and saving lives. The World First Aid Day 2020 is being observed on 12 September.

• The day was started by the International Federation of Red Cross and Red Crescent Societies (IFRC) in 2000 to educate people in the world of the benefits of first aid, need of first aid and the right way to do first aid.

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