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Important Current Affairs 28th September 2020

National

PM Modi's address at 75th UN General Assembly

• Prime Minister Narendra Modi addressed the 75th United Nations General Assembly session on September 26, 2020 through a pre-recorded video statement, which was broadcasted at the UN General Assembly hall in New York.

• The Indian Prime Minister began his statement by congratulating each and every member country on the 75th anniversary of the United Nations on behalf of 1.3 billion people of India. He stated that India is proud of the fact that it is one of the founding members of the United Nations.

• The theme of the 75th UN General Assembly session is - "The Future we want, the United Nations we need, reaffirming our collective commitment to multilateralism - confronting the C-19 through effective multilateral action."

Banking and Economy

Positive Pay System for Cheque Payments to Come into Effect from January 1: RBI

• In order to check banking fraud, the Reserve Bank of India has decided to introduce from January 1, 2021, the ‘positive pay system’ for cheque, under which re-confirmation of key details may be needed for payments beyond Rs 50,000.

• Availing of this facility would be at the discretion of the account holder. However, banks may consider making it mandatory in case of cheques for amounts of Rs 5 lakh and above.

• Under the positive pay system, the issuer of the cheque will be required to submit electronically, through SMS, mobile app, internet banking or ATM certain minimum details of that cheque like date, name of the beneficiary, payee, amount to the drawee bank. These details will be cross-checked before the cheque is presented for payment. In case any discrepancy is flagged by cheque truncation system (CTS) to the drawee bank and presenting bank, redressal measures would be undertaken.

IRDAI Identifies LIC, GIC, New India Assurance Systemically Important Insurers

• Regulator IRDAI has identified LIC, GIC and New India Assurance as domestic systemically important insurers (D-SIIs) and subsequently decided to subject them to enhanced regulatory supervision.

• The three insurers have also been asked to raise the level of corporate governance, identify all relevant risks and promote a sound risk management culture.

Science and Technology

IIT Madras Develops ‘MOUSHIK’ Microprocessor For IoT Devices

• Indian Institute of Technology Madras Researchers have successfully booted up MOUSHIK, an indigenously-made Microprocessor.

• MOUSHIK is a processor cum system on chip that can cater to the rapidly-growing IoT devices, an integral part of Smart Cities of a Digital India.

• There are three steps involved in the making of a microprocessor, namely design, fabrication and post-silicon boot-up,” Kamakoti Veezhinathan, Reconfigurable Intelligent Systems Engineering (RISE) Group.

Obituary

Former Union Minister Jaswant Singh Passes Away

• The former Union Minister Jaswant Singh has passed away after a prolonged illness. He was 82.

• Jaswant Singh had served as the external affairs minister, defense minister and finance minister of India, during the then Prime Minister Atal Bihari Vajpayee’s Cabinet.

• Prior to pursuing career in politics with the Bharatiya Janata Party (BJP), Mr. Singh was an officer in the Indian Army in the 1950s and 60s.

Noted Padma Bhusan Economist Dr Isher Judge Ahluwalia passes away

• Renowned economist Dr.  Isher Judge Ahluwalia has passed away after a 10-month-long battle with brain cancer. She was 74.

• Dr Ahluwalia was awarded with the third-highest civilian award Padma Bhushan in 2009 for her services in the field of education and literature.

• Ahluwalia served as the director and then the chairperson of Delhi-based Indian Council for Research on International Economic Relations (ICRIER) for a total of 15 years and built ICRIER into a leading global think tank.

Sports

Valtteri Bottas wins Russian Grand Prix 2020

• Valtteri Bottas (Mercedes-Finland) has won the Formula One Russian Grand Prix 2020 held on 27 September 2020. This is his second win of the season.

• Max Verstappen (Red Bull – Netherlands) came second followed by the 6-time world-champion Lewis Hamilton (Mercedes-Great Britain), who stood third because of penalties.

Days

World Rabies Day

• World Rabies Day is observed on 28 September every year to make people aware of the prevention regarding rabies and to highlight the progress in defeating this horrifying disease.

• The theme for the 14th World Rabies Day in 2020 is ‘End Rabies: Collaborate, Vaccinate’.

• The day also marks the death anniversary of the French chemist and microbiologist, Louis Pasteur’, who developed the first rabies vaccine.

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