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Important Current Affairs 25th July 2020

National

Union Minister Nitin Gadkari launches ‘RestartIndia’ advisory platform for MSME sector

• The Union Minister for Micro, Small and Medium Enterprise (MSMEs), Shri Nitin Gadkari launched a mentoring platform ‘www.restartindia.in’, on 23 July 2020, with the main objective to help the sector in restarting businesses across the country.

• This website has been developed jointly by Muthoot Fincorp and INKtalks as an open platform for advisory support, and is in sync with Atmanirbhar project.

• The objective of Restart India is to raise the self-confidence primarily of small businesses by creating an environment for the re-establishment and progress of their businesses.

Largest Solar Power Plant of Indian Navy Commissioned

• Vice Admiral Anil Kumar Chawla, Commanding-in-Chief of Southern Naval Command commissioned a 3 MW Solar Power Plant at the Indian Naval Academy, Ezhimala on July 22, 2020 through virtual conferencing.

• The solar plant is Indian Navy’s largest plant and has an estimated life of 25 years. Its launch is in line with the centre’s initiative of ‘National Solar Mission’ to achieve 100GW of solar power by 2022.

• All components of the plant were indigenously sourced including 9180 highly efficient monocrystalline solar panels employing the latest technology.

Kakrapar Atomic Power Project (KAPP-3) Gujarat attains its first criticality

• The Unit 3 of the Kakrapar Atomic Power Project (KAPP-3) in Gujarat achieved its ‘first criticality’ at 9.36 am on 22 July 2020.

• KAPP-3 is India’s first 700 MWe (megawatt electric) Pressurised Heavy Water Reactor (PHWR) as well as biggest indigenously developed variant of the Pressurised Heavy Water Reactor (PHWR).

• A nuclear reactor attains criticality when every nuclear fission event releases a sufficient number of neutrons to sustain an ongoing series of reactions or a self-sustaining chain reaction.

International

India-UK affirm shared commitment towards Free Trade Agreement

• India and the United Kingdom affirmed their shared commitment towards a Free Trade Agreement during the 14th Joint Economic and Trade Committee meeting on July 24, 2020.

• The virtual meeting was co-chaired by Union Minister for Commerce and Industry Piyush Goyal and UK Secretary of State for International Trade Elizabeth Truss.

• The Minister of State for Commerce and Industry Hardeep Singh Puri and UK’s Minister of State for International Trade Ranil Jayawardena had also attended the meeting.

Sports

IPL 2020 Schedule announced: IPL to begin from September 19 & finals on November 8

• The schedule of the Indian Premier League (IPL) 2020 has been announced by IPL Chairman Brijesh Patel on July 24, 2020. As per the schedule, IPL will begin from September 19, 2020 in the United Arab Emirates (UAE). The IPL finals will be held on 8th November 2020.

• The final details of the tournament will be finalised by IPL Governing Council next week.

Appointments and Resignations

Sahil Seth appointed as honorary adviser for BRICS CCI

• Sahil Seth has been appointed as an honorary adviser to the steering committee for the BRICS Chamber of Commerce and Industry (CCI) young leaders.

• He has been appointed for the period 2020-2023. Seth is presently serving as the Deputy Commissioner of Mumbai Customs.

Tata AIA Life Ltd appoints Naveen Tahilyani as its MD & CEO

• Naveen Tahilyani has been appointed by Tata AIA Life Limited as its Managing Director (MD) & Chief Executive Officer (CEO).

• He will take over from the current CEO Rishi Srivastava, who has been appointed as chief executive officer, group agency distribution, AIA Group, Hong Kong.

Partha Pratim Sengupta becomes new MD & CEO of IOB

• Government of India has appointed Partha Pratim Sengupta as the new Managing Director (MD) & Chief Executive Officer (CEO) of Indian Overseas Bank (IOB).

• He will replace Karnam Sekar, who retired from the post of the MD and CEO at IOB on June 30, 2020.

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