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Important Current Affairs 7th September 2020

National

Assam re-launches self-employment scheme SVAYEM worth Rs 1,000 crore

• The state government of Assam re-launched an old scheme titled ‘Swami Vivekananda Assam Youth Empowerment (SVAYEM)’ on 4 September 2020, which aims to provide self-employment to around 2 lakh youths of the state.

• The SVAYEM scheme was launched by the government in 2017-18.This is the biggest self-employment programme launched by any government in Assam since Independence. The scheme has been re-launched with a budget of Rs 1000 crore.

• Under the scheme, the state government would provide Rs 50,000 each as seed money to selected youths to start business ventures.

35th FAO Regional Conference for Asia and the Pacific 2020

• The 35th Session of the Food and Agriculture Organization (FAO) Regional Conference for Asia and the Pacific (APRC 35) was held virtual format due to the global C-19 pandemic.

• The Conference was held under the Chair of the Host Country, Bhutan. The Union Minister of State for Agriculture and Farmers Welfare Parshottam Rupala represented India in the conference.

• The conference focused on regional priorities and issues such as C- 19, the state of agriculture, natural resources management, food security and nutrition.

First-ever cannabis medicine project to come up in Jammu

• Union minister Jitendra Singh announced that the first-ever cannabis medicine project will soon be set up in Jammu.

• The cannabis medicine project will be set up with the collaboration of Canada at the Indian Institute of Integrative Medicine (IIIM) in Jammu.

• It is the first major foreign investment in Jammu and Kashmir after it became a Union Territory (UT).

WhatsApp Partners with CyberPeace Foundation  to create awareness on cyber safety among students

• The Facebook-owned WhatsApp has entered into a partnership with the cyber security think tank CyberPeace Foundation to create awareness on cyber safety among students.The awareness campaign has been launched under the “e-Raksha” programme and will be implemented in phases.

• In the first phase 15,000 students will be covered in five regions by the end of 2020. They include Delhi, Madhya Pradesh, Bihar, Jharkhand and Maharashtra.

• CyberPeace Foundation will train teachers, parents and students using a co-created curriculum to arm them with tips and tricks to increase online safety for children in consultation with UNICEF and state police authorities about cyber threats such as cyberbullying, stumbling across child abuse material, cybercriminals disrupting online classes, the spread of misinformation, privacy issues etc.

Banks Sanctioned Rs 5,350cr To Cos In West Bengal As Emergency Loans

• Banks in West Bengal have sanctioned Rs 5,350 crore of loans till the last week of August to businesses to tide over liquidity woes amid the C-19 crisis.

• Public and private sector lenders have sanctioned the loans under the Centre’s Emergency Credit Line Guarantee Scheme (ECLGS). At the national level, the amount stood at around Rs 1.60 lakh crore.

Karnataka approves Rs. 600-cr watershed project ‘REWARD’ with World Bank assistance

• The Karnataka Cabinet has approved a project titled ‘Rejuvenating Watersheds for Agriculture Resilience through Innovative Development (REWARD)’.

• The REWARD project is designed to ensure soil and water conservation in 20 taluks with low groundwater levels in Karnataka. The total cost of this project is Rs 600 crore.

• The World Bank will fund 70% of the project amount, which amounts to Rs 420 crore, whereas, 30% of the expenses (Rs 180 crore) will be borne by the state government of Karnataka.

Acquisitions and Mergers

IndiGrid completes acquisition of GPTL from Sterlite Power

• IndiGrid has completed the acquisition of Gurgaon Palwal Transmission Limited (GPTL) from Sterlite Power for ₹1,080 crore.

• IndiGrid, India’s first power sector InvIT, is managed by Sterlite Investment Managers Limited, wherein KKR and GIC jointly own 57 per cent in the InvIT.

• With this acquisition, IndiGrid’s AUM has increased by 9% to INR 133 Bn (USD 1.80 Bn)dxz

Sports

England cricketer Ian Bell announces retirement

• Cricketer Ian Bell from England has announced that he will retire from all forms of cricket at the end of the 2020 domestic season.

• Ian Bell, 38, retired from ODIs in 2015 to focus on Test cricket. He is a five-time Ashes winner and has spent his entire career with Warwickshire.

Pierre Gasly wins F1 Italian Grand Prix 2020

• Pierre Gasly (Scuderia AlphaTauri, France) has won the Formula One Italian Grand Prix 2020 held on September 06, 2020. This is his first Grand Prix win.

• Carlos Sainz Jr. (McLaren, Spain) came second followed by Lance Stroll (Racing Point, Canada) in third place.

• Lewis Hamilton ended at 7th place after he earned a 10-second stop and go penalty. Apart from this, Charles Leclerc crashed out on the exit of Parabolica.

Appointments and Resignations

Bureaucrat Kshatrapati Shivaji takes up India’s top statistical post

• The  Government of India has appointed Kshatrapati Shivaji, a 1986-batch Maharashtra cadre IAS officer, as secretary in the Ministry of Statistics and Programme Implementation (MoSPI).

• The secretary at this ministry is, by design, known as the chief statistician of India.

• The Government has not appointed a full-time Chief statistician yet while Kshatrapati Shivaji will continue to head the Ministry of Personnel, Public Grievances and Pensions.

Maruti CEO Kenichi Ayukawa elected president of SIAM

• Maruti Suzuki MD and CEO Kenichi Ayukawa has been elected as the new President of the Society of Indian Automobile Manufacturers (SIAM). SIAM is the apex body of the Indian automotive industry.

• He will replace Rajan Wadhera and has been appointed for a term of two years.Vipin Sondhi, MD and CEO, Ashok Leyland, has been elected as the new vice president of SIAM.

MV Raja Sekhar takes charge as director (R&D), BEL

• The Bharat Electronics Ltd’s (BEL) Board of Directors has approved the appointment of M V Rajasekhar as Additional Director – Director (R&D).

• This comes after the Ministry of Defence on July 6 appointed Rajasekhar as Director – R&D vice Mahesh V, who has retired from services on August 31 on attaining superannuation.

Ranking

Andhra Pradesh tops Ease of Doing Business rankings of States and UTs, followed by UP and Telangana

• Andhra Pradesh retained its top position in ease of doing business ranking 2019, followed by Uttar Pradesh and Telangana, as per the State Business Reform Action Plan Ranking released by the commerce and industry ministry.

• The ranking was based on 180 reform points such as easy access to information, improved labour laws, speedy construction permits, land administration and single window approvals, and 36 states/UTs participated in the action plan that is aimed at improving business environment in states by simplifying procedures, digitization of information and easing compliance burden.

• Till date, State Rankings have been released for the years 2015, 2016 and 2017-18. The latest one is the fourth edition for 2018-19.

Days

International Day of Clean Air for blue skies

• The very first International Day of Clean Air for blue skies will be held on September 7th, 2020.

• The Day aims to: Raise public awareness at all levels—individual, community, corporate and government—that clean air is important for health, productivity, the economy and the environment.

• The United Nations General Assembly adopted the resolution to hold an International Day of Clean Air for blue skies , during its 74th session and invited the United Nations Environment Programme (UNEP) to facilitate the observance of the International Day.

Brazilian Independence Day

• Brazilian Independence Day is celebrated on 7 September every year to commemorate the birth of the nation. On 7 September, 1822, Brazil got its independence from Portuguese.

• In 1889 Brazil ended up with the monarchical system and became republic but kept 7 September as its Independence Day.

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