Important Current Affairs 14th September 2020

National

Odisha Launches ‘GARIMA’ Scheme For Sanitation Workers

• The Chief Minister of Odisha, Naveen Patnaik launched a new scheme named ‘GARIMA’ which aims to ensure the economic safety and social dignity of core sanitation workers in the state. Initially, the state government has allocated a corpus fund of Rs 50 crore for the scheme.

• GARIMA Scheme will be implemented by state Housing and Urban Development department in all the 114 Urban Local Bodies (ULBs) of Odisha.

• Around 20,000 core sanitation workers and their families with about one lakh population will benefit from the scheme.

AP CM Jagan Mohan Reddy launches ‘YSR Aasara’ scheme; 87 lakh women to benefit

• Andhra Pradesh Chief Minister YS Jagan Mohan Reddy launched the ‘YSR Aasara’ programme aimed at “empowering women economically and socially”.

• Under the YSR Aasara scheme, Andhra Pradesh government will reimburse outstanding bank loans of self-help groups as on April 11, 2019, in four instalments.

• Rs 6,792.2 crore towards the first installment of the total dues of Rs 27,169 crores was released to the banks of 87,74,674 women belonging to 8.7 lakh SHGs.

Banking and Economy

Razorpay launches collateral free line of credit for SMEs

• In a bid to rescue MSMEs and improve their cash flows, Razorpay has launched a collateral free line of credit called Cash Advance.

• MSMEs can borrow working capital with a credit limit of Rs 50,000 to Rs 10 lakh, within 10 seconds through the Razorpay dashboard, depending upon the credit history of the business.

• With this, Razorpay aims to support businesses with upto Rs 100 crores of credit by end of 2020.

Obituary

Raghuvansh Prasad Singh, who recently quit RJD, passed away 

• Former Union minister Raghuvansh Prasad Singh passed away while undergoing treatment in New Delhi. Singh, who had recently resigned from RJD, had fallen critically ill.

• He was a member of the 15th Lok Sabha of India and represented the Vaishali constituency of Bihar.Often called the architect of the MGNREGA scheme, which was floated when he was the Union minister for rural development in Prime Minister Manmohan Singh’s cabinet.

Sports

Lewis Hamilton wins F1 Tuscan Grand Prix 2020

• Lewis Hamilton (Mercedes-Great Britain) has won the Formula One Tuscan Grand Prix 2020 held on September 13, 2020. This was his 6th win of the season and 90th F1 win of his career.

• Valtteri Bottas (Mercedes-Finland) came second followed by Alexander Albon (Red Bull – Thailand) at third place.

• The Tuscan Grand Prix (first edition) was the ninth race of the 2020 Formula One World Championship.

Appointments and Resignations

Jane Fraser named the first female CEO of Citigroup

• Multinational investment bank, Citigroup named Jane Fraser as its next chief executive, tapping a woman to lead a giant Wall Street bank for the first time.

• Fraser began her career at Goldman Sachs Group Inc’s mergers and acquisitions department in London, before starting to work for Asesores Bursátiles in Madrid. She has been working for Citigroup for 16 years and been serving in her current capacity since 2019.

Subhash Kamath elected as Chairman of ASCI

• Subhash Kamath has been elected as the chairman of the board of governors of the Advertising Standards Council of India (ASCI).

• He is the chief executive at advertising agency BBH & Publicis Worldwide, India.He will replace Rohit Gupta, president, Sony Pictures Networks.

Ranking

India is second-fastest-growing freelance market in the world

• India is the second-fastest-growing freelance market in the world with a massive increase in the number of freelancers this year, according to a report on ‘freelancing in 2020: An Abundance of Opportunities’ by Pioneer.

• Furthermore, India witnessed a 46 per cent increase in new freelancers from Q1 to Q2, 2020 as per the report. Apart from India, other popular markets for gig workers include the US, Pakistan, and Ukraine.

Days

National Hindi Day

• Hindi Divas or Hindi Day is an annual day celebrated on 14 September in India to celebrate the popularity of Hindi as an official language of the country.

• Hindi Divas is celebrated on 14 September because on this day in 1949, the Constituent Assembly of India had adopted Hindi written in Devanagari script as the official language of the Republic of India.

• The language was adopted under the Article 343 of the Indian Constitution.