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Important Current Affairs 13th October 2020

National

PM releases Rs 100 commemorative coin to honour Vijaya Raje Scindia

• On 12 October 2020, Prime Minister Narendra Modi released a commemorative coin of Rs 100 to mark the birth centenary of Rajmata Vijaya Raje Scindia, one of the founder member of the ruling BJP, through a virtual ceremony.

• The special coin has been minted by the Ministry of Finance.

• Vijaya Raje Scindia, who dedicated her life to poor people, is also popularly known as the Rajmata of Gwalior.

Graded Response Action Plan for Delhi & NCR

• The Supreme Court-appointed Environment Pollution (Prevention & Control) Authority (EPCA) has directed the Delhi and National Capital Region (NCR) states to implement air pollution control measures listed under the “very poor” and “severe” category of Graded Response Action Plan (GRAP). These measures will come into force from October 15, 2020 to improve the air quality of the Delhi-NCR region.

• As per the directions given by the EPCA, the diesel generators will no longer be used in Delhi and NCR towns including Noida, Greater Noida, Ghaziabad, Faridabad, Gurgaon and others with effect from October 15. The generators will only be used for emergency and essential services.

• Moreover, the Pollution control authorities will carry out the night patrolling to investigate dust, industrial emissions and burning of waste. The pollution monitoring body has also directed the authorities to undertake frequent sprinkling of water on roads.

International

World Economic Forum shifts annual meeting 2021 from Davos to Lucerne

• The World Economic Forum (WEF) said it will hold its Annual Meeting 2021 in Lucerne-Burgenstock, Switzerland, from May 18 to 21, as against the traditional venue of ski resort town Davos in January-end.

• The change in schedule and venue was necessitated by the C-19 pandemic.

Argentina becomes 1st nation to approve genetically modified wheat

• Argentina has approved HB4 drought-resistant GMO wheat, making it the first country in the world to approve a strain of GMO wheat.

• The drought-resistant HB4 wheat variety was developed by Argentine biotechnology company Bioceres, working with the National University and Conicet.

• Bioceres’ HB4 wheat is resistant to drought and tolerates the herbicide glufosinate sodium, a combination the company says can help boost yields on dry years.

Banking and Economy

Nirmala Sitharaman Announces Rs.73,000-Crore Measures To Boost Consumer Demand

• Finance Minister Nirmala Sitharaman chaired the 43rd GST Council meeting through video conferencing in New Delhi on 12 October 2020.

• Sitharaman announced several measures to boost capital expenditure and stimulate consumer demand in the economy, which are are estimated to cost Rs 73,000 crore by 31 March 2021.

• Finance Minister Nirmala Sitharaman today announced that government employees can avail cash voucher for LTC if they can’t travel due to pandemic. Employees can use the money to buy items attracting 12 per cent or more GST, increasing consumer demand. However, employees can spend an LTC cash voucher only through digital mode and at places registered under GST before 31 March 2021.

• The government also announced that the north-east states will get 50-year interest-free loans of Rs 1,600 crore and Himachal Pradesh and Uttarakhand will get Rs 900 crore. The amount has to be spent by 31 march 2021. Other states will also get Rs 7,500 crore loans in proportion to their share in Finance Commission evolution.

• FM Sitharaman added that half of the amount will be disbursed initially and the second part will be disbursed once the previous amount is utilised. Further, the government increased the centre’s capital expenditure budget by Rs 25,000 crore from Rs 4.13 lakh crore for expenditure on the road, water supply, urban development, and defence infrastructure including manufacturing domestic equipment

Awards

Nobel Prize in Economic Sciences 2020 announced

• The 2020 Nobel Prize in Economic Sciences has been awarded jointly to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats”

• The award is officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020.

• The laureates in economic sciences are selected by the Royal Swedish Academy of Sciences in Stockholm.

• It comes with a gold medal and a cash award of 10 million Swedish krona ($1.12 million).

Sarah Hall becomes first writer to win BBC National Short Story Award twice

• Sarah Hall has become the first writer to win the BBC national short story award twice, with judges describing her as a virtuoso of the form.

Days

International Day for Disaster Reduction

• The United Nations International Day for Disaster Reduction is observed globally on 13th October.

• The day is celebrated to promote a global culture of risk-awareness and disaster reduction and also celebrates how people and communities around the world are reducing their exposure to disasters and raising awareness about the importance of reining in the risks that they face.

• This year’s International Day for Disaster Risk Reduction is all about governance.

Vinod jorwal 1 Months ago
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