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Important Current Affairs 26th July 2020

National

PM Modi addresses India Ideas Summit 2020 organised by USIBC

• The India Ideas Summit was organised on 21-22 July 2020 by the US-India Business Council (USIBC).The theme for 2020 India Idea Summit was ‘Building a Better Future’.

• 2020 marks the 45th anniversary of the formation of the US-India Business Council (USIBC).Indian Prime Minister Narendra Modi virtually delivered a keynote address at the India Ideas Summit on 22 July 2020.

• The Prime Minister has also invited American firms to invest in sectors like healthcare, energy, infrastructure, civil aviation, defence, finance and insurance, space, among others.

Adani Ports signs up for Science-Based Targets initiative

• Adani Ports and Special Economic Zone Ltd (APSEZ) has become the first Indian port to sign the Science-Based Targets initiative (SBTi). After signing up for the SBTi, APSEZ has committed to set up science-based emissions reduction targets across their entire value chain.

•  These targets would be consistent with keeping global warming to 1.5°C above pre-industrial levels.

Banking and Economy

RBI releases the Financial Stability Report, July 2020

• The Reserve Bank of India has released the 21st Issue of the Financial Stability Report (FSR). The FSR reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the financial system.

• The Report also discusses the issues relating to the development and regulation of the financial sector.

Awards

Liverpool’s Jordan Henderson wins 2020 FWA Footballer of the Year award

• Jordan Henderson, the captain of Premier League club Liverpool has been named the 2019-20 Footballer of the Year by the Football Writers’ Association (FWA).

• The Football Writers’ Association Footballer of the Year is an annual award given since the 1947–48 season, to the player who is adjudged to have been the best of the season in English football.

• The 30-year-old Henderson has played in 30 of Liverpool’s league matches so far this season and scored four goals.

Appointments and Resignations

Riva Ganguly Das appointed as Secretary East in MEA

• India’s High Commissioner to Bangladesh, Riva Ganguly Das is appointed by the Government as the Secretary East, in the Ministry of External Affairs. She will succeed Vijay Thakur Singh after her retirement on 30th September this year.

Ranking

India Ranks 3rd among top 10 countries gaining forest area in the world

• India has been ranked third among the top 10 countries that have gained in forest areas in the last decade (2010-2020) as per the latest Global Forest Resources Assessment (FRA) released by the United Nations Food and Agriculture Organization (FAO).

• FRA is a comprehensive assessment brought out by FAO after every five years since 1990 to assess the state of forests, their conditions and management for all member countries.

Days

Kargil Vijay Diwas

• Kargil Vijay Diwas 2020: It is celebrated on 26 July to commemorate the victory of the Indian soldiers over the infiltrating Pakistani troops. This year is the 21st anniversary of Kargil Vijay Diwas.

• The day is dedicated to our Kargil War’s Heroes and is named after the successful Operation Vijay. It is celebrated to in view of Operation Vijay and Kargil War that ended on July 26, 1999. After this, India successfully took command of the high outposts which had been lost to Pakistan.

• ‘Operation Vijay’, was the code name given to India’s offensive against Pakistan to flush out the Pakistani infiltrators from the Indian territory in Kargil.

National Parent’s Day 2020

• National Parent's Day is celebrated to promote the responsible parenting and to recognise positive parental role models. No doubt this day also observe the special bond of love and care between parents and their children.

• President Bill Clinton in 1994 signed a law and a resolution was adopted by the US Congress to establish fourth Sunday of every July as parent's Day. This day is similar to Mother's day and Father's day.

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