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Important Current Affairs 16th November 2020

INTERNATIONAL

Aung San Sui Kyi Party claims to win Myanmar Elections

• Myanmar’s ruling party led by Nobel laureate Aung San Suu Kyi claimed a resounding victory.

• National League for Democracy (NLD) party has won close to 400 seats while the opposition Union Solidarity and Development Party (USDP) has secured only 21 seats.

• Around 38 million voted to select the National League of Democracy (NLD) Party for a second term. NLD was required to win at least 2/3rd of the elected seats to win.

NATIONAL

Dr Harsh Vardhan attends 8th BRICS STI Ministerial Meet

• The 8th BRICS Science, Technology and Innovation Ministerial Meeting was held through a virtual platform for Science and Technology cooperation among the member countries, which are Brazil, Russia, India, China and South Africa.

• The meeting was held under the Chairmanship of the Russian Federation. (Russia is the Chair for 12th BRICS Summit).

 S. Jaishankar Represents India at 15th East Asia Summit 2020

• The External Affairs Minister Dr S. Jaishankar has represented India at the 15th East Asia Summit (EAS) on behalf of PM Modi. The Summit was chaired by the Prime Minister of Vietnam Nguyen Xuan Phuc because Vietnam is ASEAN Chair in 2020 (ASEAN holds the central role and leadership in the forum). All the 18 EAS countries participated in the virtual Summit.

• Jaishankar underlined the key role played by the East Asia Summit (EAS) as a leading mechanism of the Indo-Pacific region and reiterated India’s support to make it stronger and more responsive. He also re-affirmed the importance of EAS as the Leaders-led forum to exchange views on strategic issues. On C-19, he briefed the EAS leaders about India’s response to the pandemic and highlighted India’s efforts to support the international community.

India Extends USD1 Million Aid For C-19 ASEAN Response Fund

• India has extended financial contribution of USD 1 million to the C-19 ASEAN Response Fund. This was announced by Prime Minister Narendra Modi at the 17th ASEAN-India Summit, which was held virtually.

• Leaders from the 10 ASEAN countries welcomed the adoption of the new ASEAN-India Plan of Action for 2021-2025, at the conclusion of the Summit. PM Modi, participated in the 17th ASEAN-India Summit at the invitation of the Prime Minister of Vietnam Nguyen Xuan Phuc, who is the current chair of ASEAN.

Ministry of Textiles launches “Local4Diwali” campaign

• The Union Ministry of Textiles has launched a campaign for Diwali- “Local4Diwali”.

• The campaign has been launched to promote the Indian handicraft which is the cultural heritage of the country and also a source of livelihood for many.

• As per the available data, the handicrafts sector is a major sector of women empowerment as almost 55% of the workers and artisans are women.

• The main aim of the #Local4Diwali campaign is to urge people to buy and gift Indian handicraft products on this Diwali.

• The basic aim of the campaign is to give a boost to Indian handicrafts and artisans.

• This campaign will help the handicraft artisans and workers in increasing their sales and promoting their business.

• After the promotion of the idea of “Vocal for Local” by PM Modi, every sector is working towards promoting local businesses and strengthening Atmanirbhar Bharat Abhiyan.

IRCTC to start ‘Bharat Darshan Yatra’ on December

• Indian Railway Catering and Tourism Corporation (IRCTC) will be starting ‘Bharat Darshan–Dakshin Bharat Yatra’ from December 12.

• The Bharat Darshan Yatra will start from Hyderabad and Secunderabad from December 12 to 18. The theme of this yatra will be ‘Show India to Indians’.

• The facility of boarding and de-boarding this tourist train will be available at Secunderabad, Khammam, Nellore, Vijayawada, Warangal, Ongole, and Renigunta.

• The train will have 12 sleeper coaches, one 3-tier AC coach and a pantry car.

• The standard fare for sleeper coaches will be Rs 7,140 and that for three-tier AC will be Rs 8,610.

• The facility of night stays for all the tourists will be made at dormitories or dharmasalas.

• Tourists will also be provided with the morning tea, breakfast, lunch, dinner and a water bottle per day.

• The authorities will arrange non-AC bus transportation on sharing basis and tour escort and security on the train.

• In January 2019, IRCTC also started booking for Shirdi Sai Baba darshan tickets on its website.

OBITUARY

Veteran Bengali Actor Soumitra Chatterjee passes away

• The legendary Bengali actor and Dadasaheb Phalke award recipient Soumitra Chatterjee passed away. He became famously known after his collaborations with Oscar-winning film director Satyajit Ray, with whom he worked in fourteen films. He had won a number of awards in home and abroad.

• Soumitra Chatterjee was awarded the Padma Bhushan by the Government of India in 2004, Dadasaheb Phalke Award, India’s highest award for cinema, in 2012. In 1999 Soumitra Chattopadhyay became the first Indian film personality to be conferred with the Ordre des Arts et des Lettres, France’s highest award for artists.

Noted journalist and writer Ravi Belagere passes away

• Noted journalist and writer Ravi Belagere passed away. He was from Karnataka. He was famous for writings on the crime world and his column ‘Paapigala Lokadalli’ was very popular.

• Belagere was honoured with many awards, including the Karnataka Sahitya Academy award, Kannada Rajyotsava awar, Karnataka Media Academy award and many more. Also an educationist, Belagere started Prarthana School, where his mortal remains were kept for the public to view, before being taken to the crematorium. He penned a book on the real-life story of the gangsters, titled Bheema Theerada Hanthakaru, which was published in 2001, and turned into a bestseller.

IMPORTANT DAYS

National Press Day: 16 November

• National Press Day is observed on 16th November every year to celebrate free and responsible press in India. On this day the Press Council of India started functioning as a moral watchdog to ensure that the press maintains high standards and is not constrained by any influence or threats. It also commemorates the day when the Press Council of India started functioning.

• In 1956, the First Press Commission was planned to form a Press Council to protect freedom of the press in India. On 4 July 1966, the Press Council was established in India. It came into effect from 16 November 1966. Therefore, 16 November is celebrated as National Press Day every year.

BANKING AND ECONOMY

IFSCA approves draft banking regulations at IFSC

• International Financial Services Centres Authority (IFSCA) has conducted a meeting in New Delhi.

• The IFSC Authority approved the International Financial Services Centres Authority (Banking) Regulations, 2020 in the meeting.

• The draft banking regulations approved at the meeting opens the way for making rules for the various aspects of banking operations that would be permissible at the IFSC.

• As banking plays an important role at IFSC, banking regulations will help it in reaching its desired potential.

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