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Important Current Affairs 28th November 2020

NATIONAL

SpiceJet launches dedicated freighter services to Leh in Ladakh

• SpiceJet has launched dedicated freighter services connecting Leh with the rest of the country. This is the first time a civil airliner has started freighter services to Leh. Accordingly, the airline operated its first freighter flight from Delhi to Leh carrying 13 tonnes of cargo supplies. SpiceXpress, the dedicated cargo arm of SpiceJet, will deploy its Boeing 737 freighter on this route.

• The dedicated cargo flights will help transport fresh fruits, vegetables, flowers, perishables, pharmaceuticals, medical equipment, and other general cargo. Besides improving logistics and connectivity, the new freighter service will ensure transportation of these essential commodities remains unaffected due to dipping temperatures and adverse weather conditions during these winter months.

• The new flights launched are seasonal and will operate during the winter months when surface transportation is disrupted owing to harsh weather conditions. In line with its commitment to ensuring seamless transportation of essential commodities, SpiceJet aims to address the geographical challenges while offering seamless connectivity through its cargo service.

Nitin Gadkari inaugurates Highway projects in Uttar Pradesh

• Union Minister Nitin Gadkari has inaugurated and laid the foundation stones of 16 National Highway projects in Uttar Pradesh. The construction cost of these infra projects is estimated to be around Rs 7477 crore.

• These highway projects include a road length of 505 kilometres and will provide better connectivity, convenience to the public as well as lead to economic growth in the state. National Highways works worth two lakh crore rupees are being undertaken in UP.

Uttar Pradesh Cabinet has cleared the proposal to rename the Ayodhya airport as Maryada

• Purushottam Sri Ram Airport, Ayodhya, Uttar Pradesh. The proposal for the same will be sent to the Ministry of Civil Aviation after it is passed by the state Assembly.

• Uttar Pradesh Chief Minister Adityanath had announced on the occasion of Deepotsav on Diwali eve in November 2018 that Ayodhya will have both international and domestic terminals and could potentially be one of the largest airports of UP.

Ladakh gets largest solar project at Leh Indian Air Force station

• The Union Territory of Ladakh has got the largest solar power project set up under the Centre’s ‘Make In India’ initiative at Leh IAF station to provide sustainable energy alternative to fossil fuel and traditional methods of energy generation. The project namely ‘Provision of Solar Photo Voltaic Powerplant 1.5 MW’ has been completed within 12 months well before the completion deadline of March 31, 2021.

• The largest solar project at a high altitude in the entire Leh in the Union Territory of Ladakh has been established at IAF Station Leh.

• The project was conceptualised under Make In India, and executed to provide sustainable energy alternative to fossil fuel and traditional methods.

• It is the largest installed solar project till date out of the target of 300 MW in three phases for defence sectors and 14 MW for Leh region as set by the Union Ministry of New and Renewable Energy.

• The project worth Rs 122 crore was recently inaugurated by Air Marshal V R Chaudhari, Commander-in-chief, Western Air Command.

OBITUARY

Former World Bank President James Wolfensohn passes away

• Australian-American lawyer, investment banker, and economist James Wolfensohn, who served as the President of the World Bank for 10 years, passed away. He had served as the ninth president of the World Bank Group from 1995 to 2005.

• Together with the International Monetary Fund (IMF), Wolfensohn launched the Heavily Indebted Poor Countries Initiative in 1996, a program that eventually provided more than $53 billion in debt relief to 27 of the world’s poorest countries.

Father of Indian IT industry FC Kohli passes away

• Founder of Tata Consultancy Services (TCS), Faqir Chand Kohli, better known as the Father of the Indian IT industry, passed away. Besides being the founder, he was also the first CEO of TCS.

• Kohli also worked as the deputy general manager of Tata Power Company and was the Chairman of the Board of Governors of College of Engineering, Pune.  As the first CEO of TCS, he pioneered India’s IT revolution and helped the country build the $190-billion IT industry.  A visionary and pioneer by nature, he was a recipient of Padma Bhushan from the Government of India.

BANKING AND ECONOMY

Mercedes-Benz joins hands with SBI to target HNI customers

• Mercedes-Benz has joined hands with State Bank of India (SBI) to offer financial benefits to the lender’s High Net Worth Individual (HNI) customers. This collaboration will give the luxury automobile manufacturer access to State Bank of India’s High Net Worth Individual (HNI) customer base, while the bank’s customers will enjoy exclusive benefits at the time of booking a Mercedes-Benz car. The collaboration with SBI gives an exciting opportunity to expand our customer base and reach out to the potential HNI customers of the bank with products and services.

• This collaboration includes financial benefits like ‘attractive’ rate of interest on loans with tenure up to five years and offers on the processing fee.

• There is also an additional benefit of Rs 25,000 for customers booking a Mercedes-Benz vehicle via SBI Yono platform.

• They can even get a car loan sanctioned through SBI Yono after fulfilling the eligibility criteria.

• The customers need to produce online booking confirmation and SBI loan sanction letter at the Mercedes-Benz dealership to avail the benefits.

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