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Important Current Affairs 4th November 2020

INTERNATIONAL

Portugal’s Duarte Pacheco elected as President of IPU for 2020-23

• Portugal MP, Duarte Pacheco has won the elections for the post the President of the Inter-Parliamentary Union (IPU). The term of the Duarte Pacheco will be from 2020-2023. He will be the 30th President of the IPU and will succeed Mexican MP Gabriela Cuevas Barron who completed the tenure in October 2020.

• Candidates from four countries were in the race for elections. The other three participants were Pakistan’s Muhammad Sanjrani, Uzbekistan’s Akmal Saidov and Canada’s Pakistani origin Salma Ataullahjan.

Priyanca Radhakrishnan becomes first Indian-origin minister of New Zealand

• Indian-origin New Zealand politician, Priyanca Radhakrishnan has created history by becoming the first Indian-Kiwi woman to become a minister in New Zealand. Radhakrishnan was born in Chennai, Tamil Nadu.

• The 41-year-old was one of five new ministers inducted into the Cabinet. She was appointed as Minister for the Community and Voluntary Sector, Minister for Diversity, Inclusion and Ethnic Communities, Minister for Youth and Associate Minister for Social Development and Employment in Prime Minister Jacinda Ardern’s cabinet.

NATIONAL

CJI inaugurates e-resource centre, virtual court in Nagpur

• The Chief Justice of India (CJI) Sharad Arvind Bobde and Justice DY Chandrachud of the Supreme Court, jointly inaugurated India’s first-ever E-resource centre and the virtual court called “Nyay Kaushal” at Judicial Officers Training Institute in Nagpur.

• The Nyay Kaushal will facilitate electronic-filling of cases in the Supreme Court, any High Court as well as district courts across the country to enable speedy justice for litigants, by utilising technology. The virtual court will be working from Katol in Nagpur district of Maharashtra.

India’s 1st solar-powered miniature train launched in Kerala

• India’s first of its kind solar energy-driven miniature train was inaugurated at the Veli Tourist Village, Kerala by Chief Minister Pinarayi Vijayan.

• The train, which would be an attraction for children especially, was part of a string of projects totally worth Rs 60 crore taken up to elevate the facilities at the panoramic destination to international standards.

AAI hands over Lucknow airport to Adani group

• The Airports Authority of India (AAI) has handed over the Lucknow airport to the Adani group on lease for a period of 50 years.

• Apart from this, the Adani group has taken over/will take over operations of 5 more airports. In February 2019, the Central Govt had privatised six major airports of the country namely Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.

• The right to run all these 6 airports has been won by Adani Group for 50 years.

• Adani group has taken over the operations of Jaipur, Guwahati and Thiruvananthapuram in September 2020, Mangaluru on October 31, 2020, Lucknow on November 02, 2020, and will take on the operations of Ahmedabad Airport on November 11, 2020.

SPORTS

Lewis Hamilton wins F1 Emilia Romagna Grand Prix 2020

• Lewis Hamilton (Mercedes-Great Britain) has won the Emilia Romagna Grand Prix 2020 at Autodromo Internazionale Enzo e Dino Ferrari race track, Italy.

• This was his 9th win of the season and 93rd F1 win of his career. Valtteri Bottas finished second while Daniel Ricciardo finished third. Mercedes won the seventh consecutive constructors’ title for 2020.

Shane Watson retires from all forms of cricket

• Australian all-rounder, Shane Watson has announced his retirement from all forms of cricket.

• The 39-year-old will hang up his boots after an illustrious career during which he won two ICC Men’s Cricket World Cups and two ICC Champions Trophy titles.

• He played 59 Tests, 190 ODIs and 58 T20Is.

OBITUARY

James Bond actor Sean Connery passes away

• The Scottish actor, best known for his portrayal of James Bond, Sean Connery passed away.

• Scottish movie legend Connery, who shot to international stardom as the suave and sophisticated British agent James Bond and went on to grace the silver screen for four decades. Connery will be remembered first as British agent 007.

Filmmaker-actor Ashish Kakkad passes away

• Noted actor, filmmaker and voiceover artiste, Ashish Kakkad, has passed away. He was one of the most prominent artists from the Gujarati film industry. As a filmmaker, Ashish was known for his Gujarati projects namely Better Half (2010) and Mission Mummy (2016).

• As an actor, he was seen in several Hindi films such as Kai Po Che! in 2013, and psychological thriller ‘Beyond Blue: An Unnerving Tale of a Demented Mind’ in 2015, including other Gujarati films.

SUMMITS AND MOU’S

IISc and Indian Oil R&D inks MoU for hydrogen-generation technology

• The Indian Institute of Science (IISc) and the Research and Development Centre of Indian Oil Corporation Limited (IOCL) have signed an MoU to develop and demonstrate biomass gasification-based hydrogen generation technology. This technology will be used for producing fuel cell-grade hydrogen at an affordable price.

• The IISc and IndianOil will work jointly on the optimisation of both biomass gasification and hydrogen purification processes, The developed technology will be scaled up and demonstrated at IndianOils R&D Centre at Faridabad, Haryana.

• Hydrogen generated from this demonstration plant will be used to power fuel cell buses.

• This initiative to produce fuel cell grade hydrogen from biomass is another step by IndianOil jointly with IISc to bring hydrogen fuel to the major energy matrix of India while using the agricultural forces of India.

BOOKS AND AUTHORS

A book titled “Pandemonium: The Great Indian Banking Tragedy” by T. Bandyopadhyay

• Tamal Bandyopadhyay has authored a book titled “Pandemonium: The Great Indian Banking Tragedy” and will be released on November 09, 2020. This book, published by Roli Books, provides an understanding of the challenges and economic potential of India.

• The book “Pandemonium” accounts how many promoters had swapped equity with debt while the managements of the banks were finding a way to protect their balance sheets until the intervention of the Reserve Bank of India (RBI) against their bad loans.

• The Same issue trouble also affected the developing non-banking financial companies of India who were quick to identify the post-demonetisation easy liquidity and the reluctance of banks to lend which promoted them to borrow short to lend long.

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