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Important Current Affairs 5th September 2020

National

India to host Quad meet and 2+2 dialogue

• India will soon be hosting the Quad meet involving Australia, Japan and the United States and the 2+2 dialogue with the United States. The details are being worked out for the same. 

• The information regarding the diplomatic engagements was shared by the Ministry of External Affairs at the regular weekly briefing on September 3, 2020.

• The Quad or quadrilateral security dialogue is a grouping of four democracies - India, Australia, Japan and the United States. Two of the quad countries- Australia and Japan have assured huge investments in India's infrastructure technology and supply chain.

India’s First Regional Voters’ Awareness Centre to Come Up in Jaipur

• Election Commission of India (ECI) will set up the country’s first regional voters’ awareness centre in Jaipur, Rajasthan.

• It will cater to four states — Rajasthan, Haryana, Punjab and Madhya Pradesh.

• The centre will carry out various awareness activities under the Systematic Voters’ Education and Electoral Participation (SVEEP) programme. Sunil Arora is the present Chief Election Commissioner.

Union Minister Prahlad Singh Patel virtually attends 5th BRICS Culture Ministers’ Meet

• The 5th BRICS Culture Ministers’ Meeting was held under the chairpersonship of Russian Federation. India was represented by Union Minister of State (I/C) for Culture and Tourism Shri Prahlad Singh Patel in the 5th BRICS Culture Ministers’ Meet.

• The participants of the meeting deliberated on the impact of the epidemiological situation on the cultural sphere in the BRICS countries. It also reviewed the possible implementation of joint cultural online-projects within BRICS.

• The 5th BRICS Culture Ministers’ Meeting featured the participation of delegates from Culture Ministries of the Federative Republic of Brazil, the Republic of India, the People’s Republic of China, the Russian Federation, and the Republic of South Africa.

Banking and Economy

RBI releases revised Priority Sector Lending Guidelines

• The Priority Sector Lending (PSL) Guidelines have been reviewed by the Reserve Bank of India. The review was executed to align the PSL Guidelines with evolving national priorities.

• In the revised PSL Guidelines, the Reserve Bank of India has included some fresh categories eligible for finance under priority sector. These include loans to farmers for installation of solar power plants; loans for establishment of Compressed Bio Gas (CBG) plants; and bank finance to start-ups of up to Rs 50 crore.

• The new guidelines will make better credit penetration into credit deficient areas and increase the lending to small as well as marginal farmers and weaker sections. It will also enhance credit to renewable energy, and health infrastructure.

Summits and Mou’s

SIDBI, Maharashtra Govt ink pact to develop MSME ecosystem

• Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding with the Maharashtra Government to develop the micro, small and medium enterprise (MSME) ecosystem in the state.

• Under the agreement, a Project Management Unit (PMU) will be deployed by SIDBI with the Government of Maharashtra.

• The role of the PMU will be to design schemes/programmes in the areas of equity support, interest subvention, resolution of stressed MSMEs, supporting MSME entrepreneurs and facilitate other need-based intervention based on evaluation of the existing status of MSMEs.

Andhra Pradesh signs MoU with CSIR for a bulk drug pharma park in the state

• The Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) has signed a Memorandum of Understanding (MoU) with Council of Scientific and Industrial Research – Indian Institute of Chemical Technology (CSIR-IICT) to establish a bulk drug park in the state.

• CSIR-IICT is the knowledge partner and will offer needed technical backing to make the proposal which will be submitted by the Andhra Pradesh government to the Department of Pharmaceuticals to seek financial assistance from the Centre.

Science and Technology

IIT Delhi incubated startup launches ‘‘Chakr DeCoV’’ to decontaminate N95 masks

• In our series on Atmanirbhar Bharat, IIT Delhi incubated startup Chakr Innovation has launched ‘Chakr DeCoV’ to decontaminate N95 masks.

• Designed in the shape of a cabinet, Chakr DeCoV is built with an innovative decontamination mechanism, which utilises the high penetrability of Ozone gas for cleaning the pores of the N95 mask, ensuring complete decontamination of its intricate layers.

Sports

India’s P Iniyan wins World Open Online Chess Tournament

• Indian Grandmaster P Iniyan has won the prestigious 48th Annual World Open online chess tournament.

• He scored 7.5 points out of a possible 9 with six victories and three draws to finish on top.

• A total number of 120 players from 16 countries participated in the event which included more than 30 Grandmasters.

Ranking

Oxford University tops THE World University Rankings 2021; IISc top Indian

• Times Higher Education (THE) World University Rankings 2021 has been released and under the overall category, University of Oxford, United Kingdom, has topped the list. It has retained the top spot for the fifth consecutive year.

• The Indian Institute of Science (IISc), Bengaluru, is the top-ranked University from India and is ranked in the 301-350 band. A total of 63 universities from India qualified for the ranking.

• Indian Institute of Technology (IIT) Ropar and IIT Indore are the next best-ranked University/college from India.

India ranked 3rd in largest solar market in 2019: Mercom global listing; Top- China

• India has been ranked third in terms of the largest solar market in 2019 as per Mercer Global listing for 2019. India had 9% of the world’s installed capacity.

• China has topped the ranking with 30 Gw (26% of world capacity). The US is on the second rank.

• Adani Green Energy has emerged as the top Solar Developer in 2019 with 12.3 Gw capacity.

Days

Teachers Day 2020

• In India, Teachers Day is celebrated on 5 September every year to commemorate the birth anniversary of Dr. Sarvepalli Radhakrishnan - First Vice President of India and the Second President of India and an educationist at heart.

• Globally, Teachers Day is celebrated on 5th October. Teachers Day is important for the students as it gives them a chance to understand the efforts put in by their teachers to ensure that they get a proper education.

International Day of Charity

• International Day of Charity is celebrated on 5 September every year to commemorate the death anniversary of Mother Teresa and to make people understand about the importance of charity.

• The International Day of Charity officially was declared by the UN General Assembly in 2012. Also, this day was created by the Hungarian Civil society initiative in 2011 with the support of the Hungarian parliament and Government.

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