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Important Current Affairs 11th December 2020

NATIONAL

Cabinet approves Atmanirbhar Bharat Rojgar Yojana

• The Union Cabinet has given its approval for Atmanirbhar Bharat Rojgar Yojana (ABRY) to boost employment in the formal sector by encouraging the businesses to do fresh hiring amid the pandemic. ABRY will also incentivize the creation of new employment opportunities under Atmanirbhar Bharat Package 3.0.

About the Yojana:

• The Cabinet has approved an expenditure of ₹ 1,584 crores for the current financial year and ₹ 22,810 crores for the entire scheme period from 2020 to 2023.

• The scheme will provide subsidy for two years in respect of new employees engaged on or after October 1, 2020, and up to June 30, 2021.

• The government will pay both 12 per cent employees’ contribution and 12 per cent employers’ contribution i.e. 24 per cent of wages towards EPF in respect of new employees in establishments employing up to 1,000 employees for two years.

• It will pay only employees’ share of EPF contribution i.e. 12 per cent of wages in respect of new employees in establishments employing more than 1,000 employees for two years.

Eligibility

• An employee drawing monthly wage of less than ₹ 15,000 who was not working in any establishment registered with the Employees’ Provident Fund Organisation (EPFO) before October 1, 2020, and did not have a Universal Account Number (UAN) or EPF Member account number prior to October 1, 2020, will be eligible for the benefit.

• Any EPF member possessing Universal Account Number (UAN) drawing monthly wage of less than ₹ 15,000 who made exit from employment during COVID pandemic from March 1, 2020, to September 30, 2020, and did not join employment in any EPF covered establishment up to September 30, 2020 will also be eligible to avail benefit.

SPORTS

IOC gives Olympic status to Breakdancing

• The International Olympic Committee (IOC) has registered ‘Breakdancing’ as the newest entry into Olympics and an official Olympic sport, with the aim to attract a new and younger audience. Breakdancing will be known as ‘Breaking’ in Olympics event.

• Breaking will make its Olympic Games debut at the 2024 Paris Games (2024 Summer Olympics). It must be remembered that three new sports, skateboarding, sport climbing, and surfing, will make their Olympic debuts at the Tokyo Games 2021 (earlier 2020 Summer Olympics).

Madagascar replaces Maldives as host of 2023 Indian Ocean Island Games

• Madagascar has replaced the Maldives as the host of the 2023 Indian Ocean Island Games due to concerns over the COVID-19 pandemic. The event had been awarded to the Maldives last year, but members of the Indian Ocean Island Games Federation voted to move the Games to Madagascar.

• The decision came as a result of the challenges the Maldives is facing in organising the event during the coronavirus crisis. The Maldives had requested pushing back the 2023 Games to 2025 but the IOIGF was keen to avoid a six-year void between editions of the multi-sport event.

APPOINTMENTS AND RESIGNATIONS

Zena Wooldridge Elected As World Squash Federation President

• Zena Wooldridge from England has been elected as the World Squash Federation President. She will become the 10th WSF President to serve since the Federation’s inception in 1967.

• She is the second female President after New Zealand’s Susie Simcock. She replaces outgoing President Jacques Fontaine, from France. She previously served six years as President of the European Squash Federation between 2013-2019.

Annika Sorenstam elected president of International Golf Federation

• The International Golf Federation (IGF) elected Annika Sorenstam as its new president effective January 1, 2021.

• IGF President, Peter Dawson, is stepping down after 10 years of leadership and service.  Sorenstam, a 72-time winner on the LPGA Tour and former No. 1 from Sweden.

Kuwait emir reappoints Sheikh Sabah Al-Khalid as prime minister

• Kuwait Emir Sheikh Nawaf Al-Ahmad Al-Sabah has re-appointed Sheikh Sabah Al-Khalid Al-Sabah as prime minister. The move comes two days after Sheikh Sabah submitted his government’s resignation in a procedural step following parliamentary polls.

• The country’s ruler accepted the premier’s resignation before reassigning him to form the upcoming government. Sheikh Nawaf who took over the leadership of the Gulf state in September after the death of his brother also asked Sheikh Sabah to nominate members of a new cabinet. The new cabinet would have to be approved by the Emir.

IMPORTANT DAYS

UNICEF Day: 11 December

• Every year the UNICEF Day is observed on December 11. The United Nations General Assembly created UNICEF on December 11, 1946, as the United Nations International Children’s Emergency Fund to improve the health, nutrition, education, and general welfare of children devastated due to World War II.

• UNICEF’s name was subsequently changed from United Nations International Children’s Emergency Fund to United Nations Children’s Fund though, it continued to be known by the popular acronym based on the previous title.

International Mountain Day: 11 December

• The International Mountain Day is observed globally on December 11 every year. The day is celebrated to create awareness about the importance of mountains to life, to highlight the opportunities and constraints in mountain development and to build alliances that will bring positive change to mountain peoples and environments around the world.

• “Mountain biodiversity” is the theme of this year’s International Mountain Day, so let’s celebrate their rich biodiversity, as well as address the threats they face.

• The day was established by the UN General Assembly in 2003 to encourage sustainable development of mountains. United Nations had declared 2002 as the UN International Year of Mountains.

SUMMITS AND MOU’S

World Economic Forum 2021 to be held in Singapore

• The World Economic Forum (WEF) has decided to host its 2021 annual meeting in Singapore, which earlier was scheduled to take place in Lucerne-Burgenstock, Switzerland from 13-16 May 2021. The decision to shift the annual forum from Switzerland has been taken in view of the Covid-19 situation in Europe.

• This would be the second time since its inception in 1971 that the forum will be held outside Switzerland. In 2002, the forum was held in New York to show solidarity with the American people in the aftermath of 9/11. The meeting is generally held in Davos, Switzerland, but amid covid, the meeting was first shifted to Lucerne-Burgenstock, Switzerland in October 2020. Now again the venue has been shifted to Singapore. It would return to Davos, Switzerland, in 2022.

RANKING

Finance Minister Nirmala Sitharaman at 41 on Forbes 2020 list

• Finance Minister Nirmala Sitharaman has grabbed the 41st spot in the 2020 list of Forbes 100 most powerful women in the world. This is the second time she features in the list, in 2019 ranked at 34 and ranked 41st in 2020.

• India’s leading Businesswomen, Kiran Mazumdar-shaw, Chairman of Biocon Limited also featured in the list at 68th position. The list also saw the biggest jump in ranking to 3rd position by Kamala Harris, Vice President-Elect of USA, and Prime Minister of Bangladesh, Sheikh Hasina Wajed is ranked at 39.

Rank

Personality

Profession

1

Angela Merkel

Chancellor, Germany

2

Christine Lagarde

President, European Central Bank

3

Kamala Harris

Vice President-elect, United States

4

Ursula von der Leyen

President, European Commission, European Union

5

Melinda Gates

Co-Chair, Bill & Melinda Gates Foundation

41

Nirmala Sitharaman

Finance Minister of India

68

Kiran Mazumdar-Shaw

Founder, Chair and Managing Director, Biocon Ltd.

BANKING AND ECONOMY

BoB launches Atmanirbhar Women Gold Scheme

• Bank of Baroda (BoB) has recently launched the Atmanirbhar Women Scheme as part of its Baroda Gold Loan. This scheme aims to target the self-reliant woman in India. Under the scheme, the bank is offering loans at 0.50 per cent concession for women. The bank under the gold loan scheme is offering agri-gold loan at 0.25 per cent concession and for a retail loan at 0.50 per cent concession.

• This Atmanirbhar scheme is exclusively meant for helping women to be self-reliant. The scheme was launched at BOB’s Ramamurthy Nagar branch in Bengaluru and simultaneously in 18 branches coming under 18 zones in the country.

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Important Current Affairs 10th December 2020

INTERNATIONAL

Mt Everest declared 86 cm taller by Nepal and China

• The world’s highest mountain peak ‘Mount Everest’ has become taller by 86 cm, as per a survey conducted jointly by Nepal and China. The Government of Nepal and China jointly conducted an exercise to measure the world’s highest peak. The new height of Mt Everest has been calculated at 8,848.86 metres, which is 0.86m more than the previous measurement done by India in 1954. In feet, the new elevation is about 29,031 ft, or about 3 ft higher than Nepal’s previous claim. In Tibetan language, Mount Everest is known as Mount Qomolangma while in Nepalese language it is famous as Sagar-Matha.

• The common declaration meant that the two countries have shed their long-standing difference in opinion about the mountain’s height — 29,017 feet (8,844 m) claimed by China and 29,028 ft (8,848 m) by Nepal.

• In 1955, the height of Mount Everest was measured at 8848 m (29,028 feet) by the Survey of India.

• There was also a third estimate, even higher, in 1999, a US team put the elevation at 29,035 feet (nearly 8,850 m). This survey was sponsored by the National Geographic Society, US. The Society uses this measurement, while the rest of the world, except China, had accepted 8,848 m so far.

NATIONAL

PM Modi Inaugurates virtual India Mobile Congress 2020

• Prime Minister Narendra Modi has inaugurated and addressed the virtual edition of the India Mobile Congress (IMC) 2020 on 8th December 2020 through video conference. The objective of IMC 2020 is to align with the Prime Minister’s vision to promote ‘Aatmanirbhar Bharat’, ‘Digital Inclusivity’, and ‘Sustainable development, entrepreneurship & innovation’ and drive foreign and local investments, encourage R&D in the telecom and emerging technology sectors.

• The theme for IMC 2020 is “Inclusive Innovation – Smart, Secure, Sustainable”. The three-day event will be held from 8th to 10th December 2020. IMC 2020 has been organised by the Department of Telecommunications, Government of India, and the Cellular Operators Association of India (COAI).

Gwalior, Orchha in UNESCO world heritage cities list

• The historical fort cities of Gwalior and Orchha in Madhya Pradesh have been included in the list of UNESCO’s world heritage cities under its The World Heritage Cities Programme. Under the plan, UNESCO will suggest best measures and resources for the development and beautification of these places as per the UNESCO Historic Urban Landscape recommendations. With this Inclusion, the total number of UNESCO World Heritage Cities of India will increase to 40.

• The inclusion will lead to the beautification of both cities by the MP Tourism Department in collaboration with UNESCO.

• In this regard, UNESCO team will visit the state in 2021 and will prepare a master plan for their development and conservation under the Historic Urban Landscape recommendation.

• Chemical treatment of historic spots like Mansingh Palace, Gujri Mahal and Sahastrabahu Temple will also be done so that art inscribed on them will become more visible.

• Guards will also be deployed at both places to welcome tourists as per the Indian traditions

About Gwalior:

• Gwalior was established in the 9th century and ruled by Gurjar Pratihar Rajvansh, Tomar, Baghel Kachvaho and Scindias. It occupies a sandstone plateau and consists of memorials, forts and palaces.

• The famous spots include Sun Temple, Jal Vilas Palace, Memorial of Tansen, Tigra Dam, 15th-century Gujari Mahal Palace among others.

About Orchha:

• Orchha means ‘hidden palace’, as its name suggests it is popular for its temples and palaces and was the capital of the Bundela kingdom in the 16th century.

• The famous spots in the town are Raj Mahal, Jehangir Mahal, Ramraja Temple, Rai Praveen Mahal, and Laxminarayan Mandir.

SPORTS

Parthiv Patel announces retirement from all forms of cricket

• India’s wicketkeeper-batsman Parthiv Patel has announced his retirement from all forms of cricket. The 35-year-old left-hander, who made his international debut in 2002, played 25 Tests, 38 ODIS and two T20Is for India. He last wore Indian jersey in 2018 during a Test match against South Africa in Johannesburg.

• While the Gujarat cricketer represented his state in 194 first-class matches. He played 204 T20 matches for his state and various IPL franchises and scored 4,300 runs at a strike rate of 123.84, with the help of 23 half-centuries.

Yulimar Rojas and Mondo Duplantis crowned 2020 World Athletes of the Year

• Swedish pole vaulter Mondo Duplantis and Venezuelan triple jumper Yulimar Rojas are the 2020 Male and Female World Athletes of the Year. They are their countries’ first recipients of the prestigious athletics award announced during the virtual awards.

• At the age of 20, Duplantis is the youngest ever winner of the Male Athlete of the Year Award after twice breaking the absolute world record (6.17m and 6.18m) in February before producing the highest outdoor vault in history (6.15m) in September.

• Rojas who broke the world indoor triple jump record with a leap of 15.43m, finished the shortened 2020 season undefeated in four triple jump competitions indoors and outdoors.

IMPORTANT DAYS

World Human Rights Day: 10 December

• Human Rights Day is celebrated on 10 December annually across the world. This Day came into existence on December 10, 1948, when the Universal Declaration of Human Rights was adopted by the United Nations. This day is observed every year across the world, as it empowers us all. The day also acknowledges the advocates and defenders of human rights around the world.

• This year theme of Human Rights Day: Recover Better – Stand Up for Human Rights. This year theme relates to the COVID-19 pandemic and focuses on the need to build back better by ensuring Human Rights are central to recovery efforts.

• The UDHR is a milestone document that proclaims the inalienable rights which everyone is entitled to as a human being – regardless of race, colour, religion, sex, language, political or other opinions, national or social origin, property, birth or another status. Available in more than 500 languages, it is the most translated document in the world.

SUMMITS AND MOU’S

PwC, UNICEF and YuWaah partner to redefine education

• Consulting firm PwC India has collaborated with the United Nations Children’s Fund (UNICEF) and YuWaah (Generation Unlimited in India) to upskill 300 million young Indians over the next 10 years. This collaboration is part of PwC’s global multi-sector partnership with UNICEF and Generation Unlimited to upskill and provide about 1.8 billion youngsters with socio-economic opportunities from school to work by 2030.

• This partnership will focus on three facets to India’s digital empowerment for youngsters, which are education, skilling and entrepreneurship. According to the International Labour Organization (ILO), India is staring at a 29 million skill deficit by 2030.

NTPC inks MoU with IIFM-Bhopal for Narmada Landscape Restoration Project

• National Thermal Power Corporation Limited (NTPC), a PSU under Ministry of Power, has signed a Memorandum of Understanding (MoU) with Indian Institute of Forest Management (IIFM), Bhopal, for the implementation of Narmada Landscape Restoration Project (NLRP). IIFM Bhopal is an Autonomous Institute under the Ministry of Environment, Forest and Climate Change (MoEF&CC).

• The NLRP Project involves a grant in aid from NTPC Ltd and United States Agency for International Development (USAID) in equal proportions.

• IIFM-Bhopal will be jointly implementing this project with the Global Green Growth Institute (GGGI) [Headquarter-Seoul, South Korea], an intergovernmental organization that promotes sustainable and inclusive economic growth in emerging economies.

• IIFM Bhopal will participate in the project with the grant-in-aid from NTPC, Ltd and GGGI will participate with funding support from USAID.

AWARDS AND RECOGNITION

Invest India wins United Nations Investment Promotion Award 2020

• The Geneva-based United Nations Conference on Trade and Development (UNCTAD) has awarded the 2020 United Nations Investment Promotion Award to Invest India, the National Investment Promotion Agency of India. The Invest India was declared the winner from among the 180 global Investment Promotion Agencies (IPAs).

• The response of IPAs to the C-19 pandemic was the basis for the evaluation of the 2020 United Nations Investment Promotion Award. The annual award recognizes and celebrates the outstanding achievements and best practices of Investment Promotion Agencies (IPAs) across the globe.

RANKING

India Ranks 10th in the Climate Change Performance Index 2021

• India is ranked at 10th place in the ‘Climate Change Performance Index (CCPI) 2021’, released on 7th December 2020. The overall score of India is 63.98. It is for the second time in a row that India emerged among the top 10 countries with higher climate performance from among 58 economies. India was at 9th spot last year in the index.

• Like CCPI 2020, the first three places in 2021 ranking also remains unoccupied, since none of the countries is on the path compatible with the Paris climate targets, to implement strategies to limit global warming below 2 or even 1.5°C. Sweden (4th) United Kingdom (5th), Denmark (6th), Morocco (7th), Norway (8th), Chile (9th) were among the top 10 rankers in the index. It was also noted that, from the G20 countries, only the EU as a whole, along with the UK and India, ranked among high performers.

BANKING AND ECONOMY

Fitch Ratings lowers India’s GDP contraction at 9.4% for FY21

• Fitch Ratings has revised the GDP growth rate for India in its Global Economic Outlook, and now expects the economy to contract 9.4 per cent in the current financial year 2020-21, as compared to (-)10.5 per cent forecast earlier. Fitch has also projected the FY22 GDP growth at 11 per cent and 6.3 per cent growth in FY23.

Nomura Expects India to be fastest growing Asian economy in FY21

• The Japanese research and brokerage house Nomura has projected India to be the fastest-growing Asian economy in 2021. Nomura has estimated the gross domestic product (GDP) growth of India for the calendar year 2021 (CY21) at 9.9%. For the calendar year 2020 (CY20), Nomura expects GDP growth at -7.1 per cent.

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Important Current Affairs 9th December 2020

NATIONAL

Kiren Rijiju launches 2nd edition of Fit India Cyclothon

• Sports Minister Kiren Rijiju has launched the second edition of Fit India Cyclothon through a virtual platform. The mega cycling event will run for 25 days, beginning from 7th December till 31st December 2020. The event has been organised across the country in each district. The citizens can participate by registering on Fit India website.

• The participants can cycle daily for a distance of their choice, and share their images and videos on social media. They may also tag @FitIndiaOff and use the hashtag – FitIndiaCyclothon and #NewIndiaFitIndia.

PM Modi virtually inaugurates Construction work of Agra Metro project

• Prime Minister Narendra Modi has inaugurated the construction work of the Agra Metro project in Agra, Uttar Pradesh. The Agra Metro project comprises 2 corridors with a total length of 29.4 km. It would connect major tourist attractions like Taj Mahal, Agra Fort, Sikandra with railway stations and bus stands.

• The estimated cost of the project will be around Rs 8,379.62 crore. It will be completed in 5 years.

• The Uttar Pradesh Metro Rail Corporation (UPMRC) has set the target to complete the first phase of the Agra Metro Rail Project by December 2022.

• Once operational, the project will boost `Ease of Living` of the 26 lakh population of the city and also cater to more than 60 lakh tourists who visit Agra every year.

• It will also provide an environment-friendly Mass Rapid Transit System to the city.

Centre Launches QRMP scheme for GST payers

• The Central Government has launched ‘Quarterly Return filing & Monthly Payment of Taxes (QRMP)’ scheme for small taxpayers under the GST system. Taxpayers with an aggregate annual turnover of up to Rs 5 crore in the preceding financial year and have filed their October GSTR-3B (sales) return by November 30, 2020, are eligible for this scheme. The notifications for the same were issued by the Central Board of Indirect Taxes and Customs (CBIC).

• Persons with aggregate turnover up to Rs 5 crore would be allowed to furnish their GSTR-1 and GSTR-3B returns on a quarterly basis, beginning January-March quarter of 2020-21.

Quarterly GSTR-1 and GSTR-3B can also be filed through an SMS.

• Taxpayers can also make GST payments every month, through challan, with effect from January 1, 2021.

• This can be done either by self-assessment of monthly liability or 35% of net cash liability of previous filed GSTR-3B of the quarter.

• Under this, the registered person or a taxpayer will furnish a return for every quarter, under sub-rule (1) of rule 61A of the Central Goods and Services Tax Rules, 2017 and pay the monthly tax under sub-section (7) of section 39 of the same Act.

• After the above changes, the act is named as the Central Goods and Services Tax (Thirteenth Amendment) Rules, 2020.

OBITUARY

All India Radio writer Madhukar Gangadhar passes away

• Eminent Hindi writer, Madhukar Gangadhar passed away. He was the lead storyteller of the new story movement. He was an associate of Renuji in Patna Akashvani, director of All India Radio in Allahabad & Deputy Director General at Delhi AIR.

• After serving for 39 years in All India Radio (AIR) he became an independent writer based in Delhi. ‘Motiyo Wale Hath’, ‘Hirna Ki Aankhen’ are some of his most well-known works.

APPOINTMENTS AND RESIGNATIONS

Anil Soni appointed first CEO of The WHO Foundation

• US-based Indian-origin health expert, Anil Soni has been appointed as the first Chief Executive Officer (CEO) of the newly-created “The World Health Organization (WHO) Foundation”. Before this, he was working with Viatris, a global healthcare company in the US, where he served as Head of Global Infectious Diseases. He will assume his role as CEO with effect from 1st January 2021.

• The WHO Foundation was launched in May 2020 as an independent grant-making agency, based in Geneva, Switzerland, to work alongside the WHO and the global health community to address the most pressing global health challenges.

IMPORTANT DAYS

International Anti-Corruption Day: 09 December

• International Anti-Corruption Day is observed annually on 9 December to raise public awareness for anti-corruption. The day is observed since the passage of the United Nations Convention Against Corruption on 31 October 2003.

• The theme of International Anti-Corruption Day 2020: ‘RECOVER with INTEGRITY.’ The theme focuses on recovery through corruption mitigation and emphasizes that inclusive C-19 recovery can only be achieved with integrity.

AWARDS AND RECOGNITION

Raj Kamal Jha wins Rabindranath Tagore Literary Prize

• Journalist-author, Raj Kamal Jha has won the 3rd Rabindranath Tagore Literary Prize for his novel, “The City and The Sea”. Due to the COVID-19 pandemic, the winner of the $5,000 prize was announced online in Copenhagen, Denmark.

• Jha’s book, which is based on the December 2012 Nirbhaya rape and murder case, was chosen from ten shortlisted books including Amitav Ghosh’s Gun Island, Nirmala Govindarajan’s Taboo and Ranjit Hoskote’s Jonahwhale.

• The Rabindranath Tagore Literary Prize for Social Achievement 2020 was conferred to His Majesty Sultan Qaboos bin Said Al Said, the late Sultan of Oman and The People of Oman,

• Renowned Indian choreographer Sandip Soparrkar for his contribution to the betterment of society through his initiative Dance for a Cause.

ICAR wins 2020 King Bhumibol World Soil Day Award

• The Indian Council of Agricultural Research (ICAR), has won the prestigious International King Bhumibol World Soil Day Award for 2020. The award was presented annually by the Food and Agriculture Organization (FAO). The award was conferred to the ICAR on the occasion of World Soil Day, on December 5. ICAR India will officially receive the award by Her Royal Highness, Princess Maha Chakri Sirindhorn of Thailand, during an event in Bangkok in January 2021.

• ICAR has been conferred the award for its commitment to raising awareness of the importance of healthy soils at the World Soil Day celebration in 2019, which addressed soil erosion under the motto “Stop soil erosion, save our future”.

• The programme was organised by Bhopal-based Indian Institute of Soil Science, an autonomous institute for higher learning, established under the umbrella of Indian Council of Agricultural Research.

RANKING

India Ranks 10th in the Climate Change Performance Index 2021

• India is ranked at 10th place in the ‘Climate Change Performance Index (CCPI) 2021’, released on 7th December 2020. The overall score of India is 63.98. It is for the second time in a row that India emerged among the top 10 countries with higher climate performance from among 58 economies. India was at 9th spot last year in the index.

• Like CCPI 2020, the first three places in 2021 ranking also remains unoccupied, since none of the countries is on the path compatible with the Paris climate targets, to implement strategies to limit global warming below 2 or even 1.5°C. Sweden (4th) United Kingdom (5th), Denmark (6th), Morocco (7th), Norway (8th), Chile (9th) were among the top 10 rankers in the index. It was also noted that, from the G20 countries, only the EU as a whole, along with the UK and India, ranked among high performers.

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Important Current Affairs 8th December 2020

INTERNATIONAL

China becomes second nation to plant flag on the Moon

• China has become the second country in the world to unfurl its national flag on the moon surface. Earlier this feat was achieved only by the USA when it planted its flag on the Moon during the Apollo mission in 1969. China achieved the historic feat when ‘Chang’e 5‘ probe of China, which was launched to collect soil and rock samples of the lunar surface, took off from the moon to return to earth after planting the national flag on 3rd December 2020.

• If the return journey concludes successfully, China becomes the only third country globally to have samples from the moon. Till date, this record is maintained only by the United States and the Soviet Union in the 1960s and 1970s.

SPORTS

Sergio Perez wins Sakhir Grand Prix 2020

• Sergio Perez (Mexico-Racing Point-BWT Mercedes), won the 2020 Sakhir Grand Prix at the Bahrain International Circuit in Sakhir, Bahrain. Esteban Ocon (Renault-France) secured the second position, followed by and Lance Stroll (Racing Point-BWT Mercedes-Canada) at third place.

• The race was the maiden edition of the Sakhir Grand Prix and sixteenth race of the 2020 Formula One World Championship. This is the first Formula One win for Perez. He is also the first Mexican Formula One driver to win a race since Pedro Rodríguez won the 1970 Belgian Grand Prix.

Sri Lanka to host Asia Cup in 2021

• Sri Lanka will host the Asia Cup in June 2021 while Pakistan has earned the rights to host the tournament in 2022. As per the original schedule, the tournament was supposed to be hosted by Pakistan in 2020, however, it got postponed due to the C-19 pandemic.

• Now the event has been moved forward to June 2021, with Sri Lanka Cricket taking the hosting rights from PCB. As compensation, PCB has got the hosting rights for the 2022 edition.

Jehan Daruvala becomes first Indian to win F2 race

• Jehan Daruvala created history, as he became the first Indian to win a Formula 2 race at the 2020 Sakhir Grand Prix, Bahrain. This was the final race of the F2 season. The Formula 2 Championship is a second-tier single-seater racing championship.

• The 22-year-old Jehan Daruvala is currently a member of the Red Bull Junior Team and competes for Carlin Motorsport. His Japanese teammate, Yuki Tsunoda came second while Britain’s Daniel Ticktum was in a third spot. Racing legend Michael Schumacher’s son Mick Schumacher was crowned as the overall F2 champion of the season.

OBITUARY

Father of Fibre Optics Narinder Singh Kapany passes away

• Narinder Singh Kapany, also known as the father of fibre optics, passed away. The India-born American physicist was named as one of the seven “Unsung Heroes” by Fortune in their ‘Businessmen of the Century’ issue of November 1999.

• Kapany was the first to transmit images through fibre optics back in 1954 and laid the foundation for high-speed internet technology. He not only founded fibre optics but also used his own invention for the business. He founded the Optics Technology Incorporation and Kaptron Incorporation in 1960 and 1973 respectively. He studied at Agra University and then moved to Imperial College in London. He received his PhD from the University of London in 1955.

• He received ‘The Excellence 2000 Award’ from the USA Pan-Asian American Chamber of Commerce in 1998, a fellow of numerous scientific societies including the British Royal Academy of Engineering, the Optical Society of America, and the American Association for the Advancement of Science.

AWARDS AND RECOGNITION

Serum Institute’s Adar Poonawalla named as 1 of 6 “Asians Of The Year”

• Adar Poonawalla, the Chief Executive of the Pune-based Serum Institute of India (SII), has been named among six “The Straits Times Asians of the Year” for 2020, by Singapore’s leading daily, The Straits Times, for their work in fighting the C-19 pandemic.

• SII has collaborated with the University of Oxford and the British-Swedish pharmaceutical company AstraZeneca to develop C-19 vaccine, ‘C-19 shield’, and is conducting trials in India.

The other five Asians of the Year includes:

• Chinese researcher Zhang Yongzhen

• China’s Major-General Chen Wei,

• Japan’s Dr Ryuichi Morishita

• Singapore’s Professor Ooi Eng Eong

• South Korean businessman Seo Jung-jin

• The Straits Times has collectively referred these 6 winners as “the virus busters”, because they are heroes of a kind, having devoted themselves to the pressing cause of resolving the C-19 pandemic, each in their own capacity.

BANKING AND ECONOMY

ICICI Bank Launches iMobile Pay to offer Payments

• The private lender ICICI Bank has launched a new version of its mobile payment app called iMobile Pay, to offer payment and banking services to customers of any bank. The latest version of the app is interoperable and will now allow payments and other banking services to even those customers who do not hold an ICICI Bank account.

• Using the app, the customers of other banks can link their bank account, generate a UPI ID and start paying, shopping, transfer funds to any bank account or to any other payment apps or digital wallets; or bill payments and online recharges, among others.

• It also offers instant banking services such as savings account, investments, loans, credit cards, gift cards, and travel cards, among others.

Kotak AMC launches REIT Funds of Funds scheme

• Kotak Mahindra Asset Management Company (Kotak Mutual Fund), has launched Kotak International REIT Fund of Funds, India’s first diversified REIT Mutual Fund. REIT stands for Real Estate Investment Trust.

• Kotak International REIT Fund of Funds is an open-ended mutual fund scheme that will invest in units of SMAM Asia REIT Sub Trust Fund.

• This mutual fund scheme will have a diversified investment portfolio comprising of listed REITs which will invest in real estate projects like residential, office, data centres, warehousing, retail and hospitality.

• The Kotak International REIT Fund of Funds will invest in units of Japan-based SMAM Asia REIT Sub Trust Fund.

• The SMAM Asia REIT Sub Trust Fund is one of the largest Asia Pacific (Ex Japan) REIT funds investing in listed REITs in the Asia Pacific region.

• It is managed by Sumitomo Mitsui DS Asset Management Company, which has a significant portfolio of listed Real Estate Investment Trusts in Singapore, Australia and Hong Kong.

PNB launches loan management solution ‘LenS-The Lending Solution’

• Punjab National Bank (PNB) has launched a tech-based loan management solution ‘LenS-The Lending Solution’, to speed up and maintain accuracy in online loan processing and sanctioning of credit proposals. It is envisaged to be implemented in a phased manner for all kinds of loans. Under the Mudra scheme, the processing and sanction of credit proposals up to Rs 10 lakh including Micro, Small and Medium Enterprises ( MSME) loans (fresh, renewal, enhancement and review) will be done by LenS.

• To standardise the system, process and assess formats for credit processing

• To auto-generate the loan documents for each type of credit facilities

• To reduce delay, cost and human errors involved in manual processing, digital record maintenance, security & data privacy.

• Ready to use monitoring and MIS reports for better tracking and transparency.

ADB approves $190 million loan to upgrade power distribution in Bengaluru

• The Manila-based Asian Development Bank (ADB) has approved a loan of $190 million (approx Rs 1,400 crore) to modernize and upgrade the power distribution system in Bengaluru, Karnataka. The financial-assistance by ADB will be used for the Bengaluru Smart Energy Efficient Power Distribution Project.

• The $190 million loan includes a $100 million sovereign loan and a $90 million non-sovereign guarantee loan to Bangalore Electricity Supply Company Limited (BESCOM). BESCOM is one of five state-owned distribution utilities and the largest in Karnataka. This combination of sovereign and non-sovereign loans is being deployed by ADB in India on a pilot basis for the first time.

RTGS system to be available on 24×7 basis from December 14

• The Reserve Bank of India has announced that the Real Time Gross Settlement (RTGS) system will be made available round the clock on all days of the year with effect from 00:30 hours on December 14, 2020. Presently RTGS system is available for customers between 7:00 AM and 6:00 PM.

• RTGS shall continue to be governed by the RTGS System Regulations, 2013. RTGS shall be available for customer and inter-bank transactions round the clock, except for the interval between ‘end-of-day’ and ‘start-of-day’ processes, whose timings would be duly broadcasted through the RTGS system. Intra-Day Liquidity (IDL) facility shall be made available to facilitate smooth operations.

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Important Current Affairs 7th December 2020

NATIONAL

Pixxel to launch remote-sensing satellite on ISRO rocket

• The Bengaluru-based space-technology start-up “Pixxel”, has signed a pact with the Indian Space Research Organisation (ISRO) to launch its first remote-sensing satellite on Isro’s workhorse Polar Satellite Launch Vehicle (PSLV) rocket in early 2021. Earlier, the startup had planned to launch this satellite towards the end of 2020 and on a Russian Soyuz rocket.

• Pixxel aims to put a constellation of 30 earth observation micro-satellites into a sun-synchronous orbit by mid-2023. The data through these satellites will help in various sectors, ranging from agriculture to urban monitoring, such as track on air and water pollution levels, forest biodiversity and health, coastal and marine health, and changes in the urban landscape.

• The agreement was signed between Pixxel with NewSpace India Limited (NSIL), a Government of India company under the Department of Space.

• This agreement with NSIL is the first-of-a-kind private earth-observation mission and one of the first since the setting up of IN-SPACe, the authorisation and regulatory body under the Department of Space (DoS) to enable private players undertaking space activities in India.

SPORTS

New Zealand all-rounder Corey Anderson retires from all forms of Cricket

• New Zealand all-rounder, Corey Anderson has announced his retirement from international cricket. Anderson has played 13 Tests, 49 ODIs and 31 T20Is for New Zealand, scoring 2277 runs with two hundred and 10 half-centuries and 90 wickets.

• Anderson has signed a 3-year contract with Major League Cricket (MLC) in the USA, where he will serve in the Major and Minor League Cricket and coaching ventures at the cricket academies that come under the MLC.

• Anderson rose to fame after scoring fastest 100 in the history of One Day International cricket (ODI), in 36-ball against West Indies in January 2014. However, this record was broken by AB de Villiers, in January 2015 who scored the fastest ODI century against the West Indies in Johannesburg in 31 balls.

OBITUARY

Veteran Marathi actor Ravi Patwardhan passes away

• Ravi Patwardhan, a popular face in Marathi entertainment industry, has passed away. The veteran actor became a household name for his role in Marathi TV series Agabai Sasubai.

• Apart from this, Patwardhan has also starred in a few Hindi movies namely Tezab, Jhanjaar, Bond and Yeshwant.

Veteran Bengali actor Manu Mukherjee passes away

• Veteran Bengali actor Manu Mukherjee passed away. He started his film career with Mrinal Sen’s Nil Akasher Niche (1958).

• The actor is best remembered for his roles in Satyajit Ray’s Joy Baba Felunath and Ganashatru. He had also been part of children’s fantasy film Patalghar’.

IMPORTANT DAYS

Armed Forces Flag Day: 7 December

• In India, the Armed Forces Flag Day (also known as the Flag Day of India) is observed annually on December 7 since 1949 as an honour to the soldiers, sailors and airmen of India who fought on the borders to keep the country safe.

• The three branches of the Armed Forces of India, namely, the Indian Army, the Indian Air Force and the Indian Navy are remembered on this day. The ‘Armed forces Flag Day Fund’ (AFFDF) has been constituted by the Government of India for the welfare and rehabilitation of the Ex-Servicemen (ESM) community.

International Civil Aviation Day: 07 December

• The International Civil Aviation Day is celebrated every year on December 7 to recognize the importance of aviation to the social and economic development of the world. The purpose of International Civil Aviation Day is to help generate and reinforce worldwide awareness of the importance of international civil aviation to the social and economic development of States, and of the unique role of ICAO in helping States to cooperate and realize a truly global rapid transit network at the service of all mankind.

• The Council has decided that from now until 2023, the theme will be: “Advancing Innovation for Global Aviation Development”.

• The Day was established in 1994 to celebrate the 50th anniversary of the establishment of the International Civil Aviation Organization (ICAO). The United Nations General Assembly proclaimed the day in 1996.

SUMMITS AND MOU’S

Bangladesh signs maiden Preferential Trade Agreement (PTA)

• Bangladesh has signed its first Preferential Trade Agreement (PTA) with Bhutan, which will allow duty-free access to a range of goods between the two countries and hence boost bilateral trade between them. Under the PTA, 100 Bangladeshi products will get duty free access to Bhutan, while 34 items from Bhutan will get duty free access into Bangladesh. Further items can be added in the list later on the basis of discussion between the two countries.

• This is the first PTA signed by Bangladesh with any country in the world since its independence in 1971. The PTA was signed on 6th December 2020, to mark 50th anniversary of diplomatic relations between Bangladesh and Bhutan. In 1971, Bhutan was the first country in the world to recognise Bangladesh as an independent country.

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Important Current Affairs 6th December 2020

INTERNATIONAL

Gitanjali Rao becomes 1st-ever TIME’s “Kid Of The Year”

• The Indian-American young scientist and inventor, Gitanjali Rao, has been named as the first-ever ‘Kid of the Year’ by the iconic TIME magazine. This is the first time that the TIME magazine has launched the Kid of The Year” award.

• The 15-year-old Gitanjali Rao was chosen from among more than 5,000 nominees, for her “astonishing work” using technology to tackle issues ranging from contaminated drinking water to opioid addiction and cyberbullying.

• She has created applications named ‘Kindly’ to help people, especially kids, fight opioid addiction and cyberbullying.

• TIME magazine had partnered with Nickelodeon and searched social media and school districts across the country to shortlist the most influential child of 2020.

NATIONAL

V. Naidu virtually releases postage stamp in former PM IK Gujral’s honour

• Vice President Venkaiah Naidu has virtually released a commemorative Postage Stamp in honour of the late Prime Minister of India & Freedom Fighter, I K Gujral (Inder Kumar Gujral).

• I K Gujral was the 12th Prime Minister of India, he served as the Prime Minister from April 1997-March 1998. He was born in Jhelum (now in Pakistan) in 1919. During his tenure as India’s External Affairs Minister, I K Gujral laid a set of five principles – ‘Gujral Doctrine’ to guide the conduct of foreign relations with India’s immediate neighbours. He passed away in 2012 due to a lung infection.

PASSEX conducted by Indian Navy and Russian Navy

• The Indian Navy (IN) and the Russian Federation Navy (RuFN) are undertaking Passage Exercise (PASSEX) in the Eastern Indian Ocean Region (IOR). The exercise will help in enhancing interoperability, improving understanding and imbibing best practices between both the friendly navies. It involves advanced surface and anti-submarine warfare exercises, weapon firings, seamanship exercises and helicopter operations.

• Indian Navy is being represented by indigenously constructed guided-missile frigate Shivalik and anti-submarine corvette Kadmatt along with integral helicopters. Russian Federation Navy includes guided-missile cruiser Varyag, the large anti-submarine ship Admiral Panteleyev and medium ocean tanker Pechenga. The PASSEX’s are conducted regularly by Indian Navy with units of friendly foreign navies.

Majerhat Bridge named “Jai Hind” to Mark Netaji’s 125th Birth Anniversary

• West Bengal Chief Minister, Mamata Banerjee named the newly built “Majerhat bridge” in Kolkata as ‘Jai Hind’ bridge to commemorate the 125th Birth Anniversary of Subash Chandra Bose.

• The new bridge has been built in the place of an old one which collapsed in September 2018. It is 650-metres long and connects the Central part of Kolkata to the Southwestern suburbs of Behala and others.

AWARDS AND RECOGNITION

Ranjitsinh Disale becomes 1st Indian to win 2020 Global Teacher Prize

• Ranjitsinh Disale, a government teacher from Zilla Parishad Primary School, in Paritewadi village, Solapur district of Maharashtra, has won the 2020 Global Teacher Prize. He is the first Indian to win this award, which carries prize money of $1 million (Rs 7.4 crore).

• The 32-year-old has won the annual Global Teacher Prize 2020 in recognition of his efforts to promote girls’ education in his village and trigger a quick-response (QR) coded textbook revolution in India. He made efforts and added QR codes to textbooks of primary classes to provide links to audio poems, video lectures, stories and assignments. He also worked towards education for girls and teaching people about the ill-effects of teenage marriage and even helped to achieve 100% attendance of girls.

• Ranjitsinh has also created history by announcing to share half the prize money with the nine finalists from across the world for the award, where each one will receive about $55,000 each. He also becomes the first winner to share the prize money with the finalists.

• The Global Teacher Prize is an annual prize founded by the Varkey Foundation in 2014 to recognise an exceptional teacher who has made an outstanding contribution to the profession. The award is given in partnership with UNESCO.

BOOKS AND AUTHORS

Vice President releases a book on Former President Dr APJ Abdul Kalam

• The Vice President of India, M Venkaiah Naidu has released the book titled “40 Years with Abdul Kalam- Untold Stories”, a book on the life of the former President of India Dr APJ Abdul Kalam. The book was authored by Dr A.Sivathanu Pillai. The book is published by Pentagon Press LLP and the foreword was written by Pranab Mukherjee, former president of India.

• The book provided a first-hand account of the life of Dr APJ Abdul Kalam, who was described as the epitome of simplicity, honesty and wisdom.

• Dr. Kalam strengthened the Defence sector of India and contributed to the development of India’s space capabilities.

• The book discusses his life events including the events at ISRO, DRDO and BrahMos and his interaction with the power corridors

• Dr A. Sivathanu Pillai has assisted Dr Vikram Sarabhai during the evolution of the ten-year space profiles and worked with Dr APJ Abdul Kalam in Satellite Launch Vehicle-3 (SLV3) and Polar Satellite Launch Vehicle (PSLV) configuration design and with Prof. Satish Dhawan in the study of future ISRO launch vehicles and missions.

BANKING AND ECONOMY

Axis Bank launches ‘Axis Bank Rupi Business Credit Card’ for MSMEs

• Axis Bank Ltd in partnership with Rupifi and Visa launched ‘Axis Bank Rupifi Business Credit Card’ for MSMEs(Micro, Small and Medium Enterprises). This Contactless Co-Branded credit card, powered by Visa is applicable only to the MSMEs businesses that transact on the aggregator platforms partnered with Rupifi PAN (Permanent Account Number) India for their business purchases. The card offers credit solutions to such MSMEs. It is only for domestic transactions.

Average Credit Limit

• The average credit limit offered by the card will be between the range of Rs 1 Lakh and Rs 2 lakh per month.

• This will be decided on the basis of the business data of the transaction of the MSME with the aggregator platforms, GMV (Gross Monthly Volume) of the last 6 months and overall revenue among other factors.

Joining and Annual Fees

• The joining fee is Rs 1000 and the annual fee is not required for this card.

Revolve feature & Interest-free Credit Period

• The card comes with a 51 days interest-free credit period.

• The revolving feature of the card provides the customers with an option to pay the full balance at the end of each billing cycle or to carry over the balance from one month to the next by paying a minimum amount.

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Important Current Affairs 5th December 2020

NATIONAL

International Sand Art Festival & Konark Festival 2020 begins

• The 9th edition of the International Sand Art Festival and the 31st edition of the Konark Festival has kicked-off in Odisha. International Sand Art Festival is being held at the Chandrabhaga Beach of Konark in Puri district of Odisha. About 70 artists from across the country are taking part in the festival. The world-renowned sand artist and Padmashree Awardee, Sudarsan Pattnaik, has been appointed as Chief Curator of the festival.

• The festival is organised every year as part of the Konark Dance Festival, to provide a platform for both national and international sand artists to showcase their talent. However, in 2020 international artists are not participating due to the ongoing global C-19 pandemic.

• Meanwhile, the Konark Festival is organised by Odisha Tourism to showcase the best of India’s traditional and classical dance forms, and offer interesting insights into the rich cultural heritage of the country.

• Leading exponents and dance enthusiasts of almost all classical dance forms of India, including Odissi, Bharatanatyam, Manipuri, Kuchipudi and Kathak, are participating in the five-day classical dance carnival.

OBITUARY

Lakshadweep Administrator Dineshwar Sharma passes away

• Lakshadweep Administrator, Dineshwar Sharma passed away. He was earlier headed the Intelligence Bureau and was also the Interlocutor for Jammu and Kashmir.

• The 66-year-old retired IPS officer of the Kerala cadre had been appointed administrator of the Lakshadweep Union Territory in October 2019. He was assistant director in the IB in Kashmir between 1994 and 1996 and then went on to serve on the Kashmir desk of the bureau in the national capital.

Former PM of Pakistan Zafarullah Jamali passes away

• The 15th Prime Minister of Pakistan, Zafarullah Khan Jamali passed away. He served as PM from November 2002 to June 2004 for a duration of 1 Year, 7 Months and 3 days. He is the first politician from Balochistan to become Prime Minister.

• Jamali served the country when former military dictator Pervez Musharraf was the President of the country. As PM, Jamali vowed to sign a peace agreement and cease-fire in the disputed Kashmir region. In 2004, Jamali made the first high-level visit from Pakistan to Afghanistan after the fall of the Taliban government in 2001.

Former French President Valéry Giscard d’Estaing passes away

• The former President of France, Valery Giscard d’Estaing has passed away at the age of 94, from the complications of coronavirus. He had served as the third president of the Republic of France from 1974 to 1981. He was born on 2nd February 1926 in Koblenz, French-occupied Germany (now Germany).

• Giscard founded the Union for French Democracy, a centre-right political party in 1978 to counter the Gaullist preponderance over the political right in France. He lowered the voting age from 21 to 18 and he also liberalised the laws on divorce, abortion and contraception during his tenure as the President.

APPOINTMENTS AND RESIGNATIONS

Kuldeep Handoo appointed as “Fit India” movement ambassador

• Srinagar born Wushu coach and the first Dronacharya Awardee from the Union Territory of Jammu and Kashmir, Kuldeep Handoo is appointed as the Ambassador of Fit India movement. He won 11 gold medals in National and 6 in International stage, is the Wushu coach of Team India. Under his guidance Athletes have won two gold medals at the world championship and one at the World Cup. He also serves as Inspector of police in Jammu and Kashmir.

• Jammu and Kashmir Police medal award, for meritorious service

• The Parshuram Award, an honour of sports in the state of Himachal Pradesh

• Fit India movement was launched in August 2019, to encourage Indians to include fitness activities and sports in their daily lives to pave the way for a healthy and fit lifestyle.

IMPORTANT DAYS

World Soil Day: 05 December

• The World Soil Day is celebrated every year on December 5 to raise awareness of the importance of soil quality for human well-being, food security and ecosystems. The Food and Agriculture Organization (FAO) campaign “Keep soil alive, protect soil biodiversity” aims to raise awareness of the importance of sustaining healthy ecosystems and human well-being.

• The date of 5 December was chosen because it corresponds with the official birthday of the late H.M. King Bhumibol Adulyadej, King of Thailand, who was one of the main proponents of this initiative.

• An international day to celebrate Soil was recommended by the International Union of Soil Sciences (IUSS) in 2002. Under the leadership of the Kingdom of Thailand and within the framework of the Global Soil Partnership, FAO has supported the formal establishment of WSD as a global awareness-raising platform. The FAO Conference unanimously endorsed World Soil Day in June 2013 and requested its official adoption at the 68th UN General Assembly. In December 2013, the UN General Assembly responded by designating 5 December 2014 as the first official World Soil Day.

International Volunteer Day: 05 December

• The International Volunteer Day (IVD), also called International Volunteer Day for Economic and Social Development is observed on 5 December every year. IVD 2020 Theme: “Together We Can Through Volunteering”. The IVD international observance was mandated by the UN General Assembly in 1985.

• The purpose of the day to celebrate the efforts of volunteers and organizations and offer the opportunity to promote volunteerism, encourage governments to support volunteer efforts and recognize volunteer contributions to the achievement of the Sustainable Development Goals (SDGs) at local, national and international levels.

SUMMITS AND MOU’S

India & USA signs MoU on Intellectual Property Cooperation

• The Government of India and the United States of America (USA) have signed a Memorandum of Understanding (MoU) in the field of Intellectual Property Cooperation. As a part of this MoU, the two sides will develop Biennial Work Plan to implement the MoU which will include the detailed planning for carrying out of the co-operation activities including the scope of action. The Union Cabinet had approved the signing the MoU for the same on 19 February 2020.

• The MoU was signed between Dr Guruprasad Mohapatra, Secretary, DPIIT and Mr Andrei Iancu, who represented the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry and the United States Patent and Trademark Office (USPTO), Department of Commerce of the United States of America respectively.

RANKING

Manipur’s Nongpok Sekmai Police Station best in India

• The Nongpok Sekmai Police Station in Manipur topped the list of best police stations in India, while Sooramangalam All Women Police Station at Salem, Tamil Nadu was adjudged the second best police station in the country. The Kharsang PS, Arunachal Pradesh‘s Changlang district was adjudged the country’s third-best police station.

State

District

Police Station

Manipur

Thoubal

Nongpok Sekmai

Tamil Nadu

Salem City

       AWPS-Suramangalam

Arunachal Pradesh

Changlang

Kharsang

Chhattisgarh

Surajpur

Jhilmili (Bhaiya Thana)

Goa

South Goa

Sanguem

• The top 10 Police Stations were selected from among the 16,671 Police Stations in the country through data analysis, direct observation and public feedback.

HCL’s Roshni Nadar tops Kotak Wealth-Hurun wealthy women list 2020

• Chairperson of HCL Technologies, Roshni Nadar Malhotra has topped the list of wealthiest women in India, according to the second edition of ‘Kotak Wealth Hurun–Leading Wealthy Women’ report. The report is compiled by Kotak Wealth Management, a division of Kotak Mahindra Bank, and Hurun India.

• Kiran Mazumdar-Shaw of Biocon and Leena Gandhi Tewari of USV are at the second and third rank respectively in the Kotak Wealth Hurun wealthy women list 2020. Shaw is also the wealthiest self-made woman on the list. 19 women from this list also feature in the Hurun India Rich List 2020, and 6 women have made it to the Hurun Global Rich List 2020.

• The ranking is based on the net worth of women as on September 30, 2020, and focuses exclusively on women who play an active role in their family business, entrepreneurs and professionals.

Reliance Industries tops Fortune India 500 Ranking 2020

• Reliance Industries Ltd (RIL) has topped the 2020 Fortune 500 list of Indian companies, released. The revenue of RIL clocked Rs 615,854.00, accounting for 7% of cumulative revenues and 11 per cent profit of the companies. The country’s biggest oil firm, Indian Oil Corporation Ltd (IOC), bagged the second spot, followed by Oil and Natural Gas Corporation (ONGC) at the third position. The list was published by Fortune India, which is part of the Kolkata-based RP Sanjiv Goenka Group.

Top 10 companies on the 2020 Fortune India-500 list:

1. Reliance Industries

2. Indian Oil Corporation

3. Oil and Natural Gas Corporation

4. State Bank of India

5. Bharat Petroleum Corporation

6. Tata Motors

7. Rajesh Exports

8. Tata Consultancy Services

9. ICICI Bank

10. Larsen & Toubro

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Important Current Affairs 4th December 2020

INTERNATIONAL

New Zealand declares climate emergency

• New Zealand has declared a “climate emergency” and promised to make its public sector carbon neutral by 2025. New Zealand now joins 32 other countries that have declared a climate emergency. They include Japan, Canada, France and the United Kingdom.

• Prime Minister of  New Zealand, Jacinda Ardern told legislators that the climate emergency declaration was “an acknowledgement of the next generation – an acknowledgement of the burden that they will carry if we do not get this right and do not take action now”.

India invites UK’s Johnson as 2021 Republic Day chief guest

• United Kingdom Prime Minister, Boris Johnson is expected to be the chief guest at 2021 Republic day with Prime Minister Narendra Modi formally inviting him. Johnson, on his part, has invited PM Modi to the G-7 summit in the United Kingdom next year.

• The last British prime minister at the Republic Day parade was John Major in 1993.

NATIONAL

Karnataka’s 1st 11.5 megawatt power plant being set up at Bidadi

• In Karnataka, Chief Minister, BS Yediyurappa laid the foundation stone for a 11.5 megawatt power plant based on municipal waste in Bidadi, Bengaluru. It is first of its kind power plant in the state being set up by the Karnataka Power Corporation Limited (KPCL) and will help in converting 600 tonnes of municipal waste into 11.5-megawatt energy.

• This power plant will add 80.59 million units of power to the existing power grid. The power plant project is being constructed at a cost of Rs. 260 crore and is likely to be operational by 2022.

SPORTS

England’s Dawid Malan achieves highest-ever rating points in T20I

• Dawid Malan of England has attained the highest-ever rating points for batsmen in the MRF Tyres ICC Men’s T20I Player Rankings. The 33-year-old Malan has reached 915 points, and thus became the first player to cross the 900-point mark in the format.

• Before him, Australia’s Aaron Finch reached exactly 900 points in July 2018. Babar Azam (871) of Pakistan and Aaron Finch (835) of Australia is second and third in the list. India’s KL Rahul is at fourth position, while Virat Kolhi’s rank has dropped to 9th in the list.

Virat Kohli fastest to 12000 runs in ODI cricket

• Virat Kohli became the fastest to reach 12,000 runs in One-day International cricket. Kohli breached the mark in the third ODI against Australia in Canberra. He got to the milestone in his 242nd inning thus bettering the previous record set by Sachin Tendulkar, who got his 12000th run in his 300th inning.

• Kohli is the second-highest scorer for India in ODIs behind Tendulkar’s 18,426 from 463 ODIs. The India captain also holds the record for the fastest batsman (in terms of innings) to 10,000 and 11,000 runs in ODIs. Kohli reached 11,000 runs in 222 innings and became the fastest to breach the 10000-run mark by doing so in his 205th inning.

OBITUARY

World’s greatest athlete-turned actor Rafer Johnson passes away

• American decathlete and film actor, Rafer Johnson, who was 1960 Olympic gold medalist in the decathlon, has passed away.

• After he retired from athletics, Johnson turned to act and appeared in a number of films, including the James Bond film Licence to Kill in 1989.

IMPORTANT DAYS

Indian Navy Day: 04 December

• In India, December 4 is observed as the National Navy Day every year, to celebrate the achievements and role of the naval force to the country. The theme of Navy Day 2020 is “Indian Navy Combat Ready, Credible & Cohesive”.

• The day is marked in recognition of the launch of Operation Trident during the Indo-Pakistan war in 1971. During Operation Trident, on December 4 in 1971, the Indian Navy sank four Pakistani vessels and also killed over 500 Pakistani Navy personnel, meanwhile, the Indian side suffered no losses.

• The Indian Navy is the marine branch of the Indian Armed Forces and is led by the President of India as Commander-in-Chief. The Maratha Emperor, Chhatrapati Shivaji Bhosle of the 17th century is considered as “Father of the Indian Navy”.

International Day of Banks: 4 December

• International Day of Banks is observed globally on the 4th of December. On 19 December 2019, the UN General Assembly adopted resolution 74/245, which designated 4 December as the International Day of Banks.

• The day is celebrated to the recognition of the significant potential of multilateral development banks and other international development banks in financing sustainable development and providing know-how, and also in recognition of the vital role of the banking systems in the Member States in contributing to the improvement of the standard of living.

BANKING AND ECONOMY

RBI Monetary Policy: Policy Rate unchanged

• The six-member Monetary Policy Committee of the Reserve Bank of India (RBI), headed by Governor Shaktikanta Das, has decided to maintain the status quo on policy rate amid sticky rate of inflation. At this point, the repo rate or the rate at which RBI lends to banks stands unchanged at 4 per cent. The reverse repo rate also stayed unchanged at 3.35 per cent. The MPC committee members voted unanimously in favour of the decision.

• The repo rate under the liquidity adjustment facility (LAF) has been kept unchanged at 4.00%.

• The reverse repo rate under the LAF has been kept unchanged at 3.35%.

• The marginal standing facility (MSF) rate and the Bank Rate have been kept unchanged at 4.25%.

RBI Monetary Policy Highlights & Key Decisions:

• Governor Shaktikanta Das proposes to put in place criteria for NBFC dividend distribution, introduces risk-based audit in large NBFCs & co-op banks.

• RTGS will soon be made 24X7 in the next few days.

• The bus iness sentiment of manufacturing firms is gradually improving.

• CPI inflation is seen at 6.8% for Q3 and 5.8% for Q4.

• Real GDP growth for FY21 is projected at -7.5%. Q3 FY-21 GDP is seen at +0.1% while Q4 FY-21 GDP is seen at +0.7%.

• Corporate bond spreads have narrowed to pre-covid levels.

• RBI proposes to enhance limits for contactless card payments from ₹2000 to ₹5000 from Jan 2021.

• On-tap Targeted Long Term Repo Operations (TLTRO) will be expanded to cover other stressed sectors in tandem with Emergency Credit Line Guarantee Scheme (ECLGS) scheme.

RBI orders HDFC Bank to halt its digital launches

• The Reserve Bank of India (RBI) has issued an order to HDFC Bank with regard to certain incidents of outages in the internet banking, mobile banking and payment utilities of the lender over the past 2 years, the private sector bank informed to the stock exchanges. The RBI also noted the recent outages in the HDFC Bank’s internet banking and payment system on November 21, 2020, owing to a power failure in the primary data centre.

The RBI vide Order has advised the Bank to temporarily stop:

i)  All launches of the Digital Business generating activities planned under its program ‐ Digital 2.0 (to be launched) and other proposed business generating IT applications.

(ii)  Sourcing of new credit card customers.

(iii)  In addition to this, the order also states that HDFC Bank’s board should examine the lapses and fix accountability.

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Important Current Affairs 2nd December 2020

NATIONAL

Uttarakhand CM Trivendra Singh Rawat inaugurates Suryadhar Lake

• Uttarakhand Chief Minister Trivendra Singh Rawat has inaugurated the Suryadhar lake at Doiwala, Dehradun. The Suryadhar lake is 550 meters long, 28 meters wide and 10 meters deep with a capacity of 77,000 cubic meters.

• Besides fulfilling the drinking water and irrigational needs of 18-20 villages, the lake will recharge the water resources in the area and help build a healthy eco-system that will attract migratory birds. The state government’s plans to organize a water sports festival at the lake either by Makar Sankranti or Basant Panchami next year to showcase the beauty of its surrounding environs.

Piyush Goyal inaugurates Dhigawara-Bandikui section of NWR

• The Union Minister of Railways, Piyush Goyal has inaugurated newly electrified Dhigawara-Bandikui section of North Western Railway (NWR) in the state of Rajasthan. The Minister also flagged off the first train on this newly electrified route. The Dhigawara-Bandikui section is on Delhi-Ajmer route via Jaipur.

• The Railways has set the target to electrify the entire percentage of railway lines across the country in a phased manner. Once these electrified trains start running, the trains that run on diesel will be stopped.

Union Minister Narendra Singh Tomar launches “Sahakar Pragya” initiative

• The Union Minister Narendra Singh Tomar recently unveiled a new initiative called Sahakar Pragya. Sahakar Pragya is an initiative of National Cooperative Development Corporation (NCDC), to help in capacity development of the cooperative sector in India, through the training programme.

• Under this initiative, 45 new training modules have been developed for the farmers and would be imparted to primary cooperative societies in rural areas of the country by NCDC.

• The training modules aim to impart knowledge and organisational skills and attempt to prepare the primary cooperative societies across the country to be able to play a big role in the government’s AtmaNirbhar Bharat initiative.

APPOINTMENTS AND RESIGNATIONS

IAS officer Varsha Joshi named Chairperson of NDDB

• The Government of India has appointed IAS officer Varsha Joshi as the new Chairperson of National Dairy Development Board (NDDB). She is presently served as Joint Secretary (CDD), Department of Animal Husbandry and Dairying, Ministry of Fisheries, Animal Husbandry & Dairying, Government of India.

• With incumbent Dilip Rath’s tenure as Chairman of NDDB ends on November 30, 2020, Joshi’s appointment is made effective from December 1, 2020, until further orders.

Utpal Kumar Singh Appointed as Secretary-General of Lok Sabha

• Lok Sabha Speaker Om Birla has appointed senior IAS officer Utpal Kumar Singh as Secretary-General of the Lok Sabha and Lok Sabha Secretariat. His appointment will come into effect from December 1, 2020. He will succeed incumbent Snehlata Shrivastava.

• Mr Singh is a 1986 batch IAS officer of Uttrakhand Cadre and has been appointed as Secretary-General of the Lok Sabha in the rank and status of Cabinet Secretary.

IMPORTANT DAYS

World Computer Literacy Day: 02 December

• The World Computer Literacy Day is observed annually on 2nd December to create awareness and drive digital literacy in underserved communities worldwide. The day promotes technological skills, especially in children and women. The World Computer Literacy Day controls the advanced gap that exists in the world today.

• The day was originally founded by the Indian computer company NIIT to mark its 20th anniversary in 2001. World Computer Literacy Day was first observed and held in the year 2001 on 2nd Dec.

National Pollution Control Day: 02 December

• In India, the National Pollution Control Day is observed every year on December 2 to commemorate the life of people lost in the unfortunate incident of Bhopal Gas Tragedy that occurred in the year 1984 on the night of 2–3 December.

• The year 2020 marks the 36th anniversary of the Bhopal Gas Tragedy. Through this day, awareness is created about the rising pollution of air, water, and soil, as well as shifts the attention of people with regards to the pollution control acts.

International Day for the Abolition of Slavery

• International Day for the Abolition of Slavery is observed annually on 2nd December since 1986 by the United Nations General Assembly. The focus of this day is on eradicating contemporary forms of slavery, such as trafficking in persons, sexual exploitation, the worst forms of child labour, forced marriage, and the forced recruitment of children for use in armed conflict.

• The International Day for the Abolition of Slavery, 2 December, marks the date of the adoption, by the General Assembly, of the United Nations Convention for the Suppression of the Traffic in Persons and of the Exploitation of the Prostitution of Others (resolution 317(IV) of 2 December 1949).

BOOKS AND AUTHORS

Ministry of I&B release booklet on birth anniversary of Guru Nanak Dev Ji

• A booklet titled ‘PM Modi and his Government’s special relationship with Sikhs’ was released, on the occasion of birth anniversary of Shri Guru Nanak Dev Ji.It has been produced by Bureau of Outreach Communication under Ministry of Information and Broadcasting and is released in three languages Hindi, Punjabi and English.

• The booklet was jointly inaugurated by the Union Minister for Information and Broadcasting Shri Prakash Javadekar and Union Minister for Civil Aviation and Housing and Urban Affairs Shri Hardeep Singh Puri. The Minister credited the Prime Minister for personally supervising the smallest of arrangements and personally seeing off the first Jattha for Kartarpur Corridor.

• Mentioning other important decisions, the Minister highlighted the decision on no taxation on Langars, FCRA Registration to Sri Harmandir Sahib, allowing global Sangat participation, revision of ‘Blacklist’ as per the demand of Sikh community et al.

Tags: Railway (NTPC), SSC, SBI Clerk
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Important Current Affairs 1st December 2020

INTERNATIONAL

Arab Gulf’s first coal-based power plant being developed in Dubai

• The first coal-based power plant of Arab Gulf country is being developed in Saih Shuaib, Dubai, United Arab Emirates. The 2,400MW Hassyan clean coal power station will be built at an estimated cost of $ 3.4 billion.

• The project will comprise four units of 600MW each, which are expected to start operations in 2020, 2021, 2022 and 2023 respectively. The power plant is expected to produce sufficient electricity to power approximately 250,000 households.

NATIONAL

Narendra Singh Tomar launches Honey FPO Programme in 5 states

• The Union Minister of Agriculture and Farmers’ Welfare, Narendra Singh Tomar virtually inaugurated Honey Farmer Producer Organisation (FPO) Programme in five states, for producing honey. The Honey FPO Programme aims to address the issues faced by the beekeeping industry and also promote honey production in the country. This will also help in achieving the goal of increasing farmer’s income.

• These 5 FPOs will be set up by the National Agricultural Cooperative Marketing Federation of India Limited (NAFED). They will be set up at

• East Champaran (Bihar)

• Morena (Madhya Pradesh)

• Bharatpur (Rajasthan)

• Mathura (Uttar Pradesh)

• Sunderbans (West Bengal)

• The Honey FPO Programme has been launched under the Central Sector Scheme for Formation & Promotion of new 10,000 FPOs.

• The Government has approved 2,200 FPOs for the current financial year 2020-21.

• The task of creating these FPOs has been given to Nabard (600 FPOs), Small Farmers’ Agribusiness Consortium (500), National Cooperative Development Corporation (500) and NAFED which will support 50 commodity-specific FPOs and some State-level organisations.

SPORTS

Lewis Hamilton wins Bahrain Grand Prix 2020

• Lewis Hamilton (Mercedes-Great Britain) has won the 2020 Bahrain Grand Prix at Bahrain International Circuit, Bahrain. The race was the fifteenth round of the 2020 Formula One World Championship. This is the 11th victory for Hamilton of the season, and 95th F1 win of his career.

• Also, Hamilton now holds the records for the most wins (95), in Formula One history. Red Bull Racing teammates Max Verstappen (Netherlands) and Alexander Albon (Thailand) were second and third respectively.

Virat Kohli becomes fastest to reach 22,000 international runs

• Indian cricket team skipper Virat Kohli scripted another record in the game. He broke Sachin Tendulkar’s record and became the quickest batsman to complete 22,000 runs. He reached the milestone in his 462nd innings. Tendulkar batted 493 times to reach that mark. They are followed by Brian Lara (511 innings) and Ricky Ponting (514 innings) on the list. The only batsman with an average of over 50 across all formats, Kohli has 7240 runs in Tests, 12834 runs in ODIs and 2794 runs in T20Is.

• Kohli achieved this feat during the second ODI between Australia and India at the SCG. Notably, Kohli has become the eighth batsman overall and the third Indian to surpass 22,000 international runs.  Rahul Dravid, who scored 24208 runs, is another Indian on the list.

OBITUARY

Senegal World Cup footballer Papa Bouba Diop passes away

• Senegal’s professional footballer, Papa Bouba Diop, who helped the country win the FIFA World Cup match in 2002, has passed away. He was of the age of 42. His goal helped Senegal secure historic 1–0 win over the then-world champions France in the opening match of the 2002 FIFA World Cup, and Senegal’s first-ever match at the FIFA World Cup. Diop has won 63 caps for Senegal.

IMPORTANT DAYS

World AIDS Day: 01 December

• Every year, on 1 December, the world commemorates World AIDS Day. The day provides an opportunity for people worldwide to unite in the fight against HIV, to show support for people living with HIV and to commemorate those who have died from an AIDS-related illness. This year the theme of World AIDS Day is “Global solidarity, shared responsibility”.

• In 2020, the world’s attention has been focused by the C-19 pandemic on health and how pandemics affect lives and livelihoods. C-19 is showing once again how health is interlinked with other critical issues, such as reducing inequality, human rights, gender equality, social protection and economic growth.

BSF Celebrates its 56th Raising Day on December 1, 2020

• The Border Security Force (BSF), is observing its 56th Raising Day on 01 December 2020. BSF was formed on December 1, 1965, as a unified central agency, after the Indo-Pak and India-China wars, for ensuring the security of the borders of India and for matters connected therewith. It is one of the five Central Armed Police Forces of the Union of India and stands as the world’s largest border guarding force. BSF has been termed as the First Line of Defence of Indian Territories.

International Day of Solidarity with the Palestinian People

• The International Day of Solidarity with the Palestinian People is an UN-organized day held every year on November 29. It is observed to mark the anniversary of resolution 181, wherein the Assembly adopted the resolution on the partition of Palestine on November 29, 1947.

• In 1977, the General Assembly called for the annual observance of 29 November as the International Day of Solidarity with the Palestinian People. On that day, in 1947, the Assembly adopted the resolution on the partition of Palestine. This date, which was chosen because of its meaning and significance to the Palestinian people, is based on the call by the United Nations General Assembly for an annual observance of the resolution on the partition of Palestine.

SUMMITS AND MOU’S

India and Finland sign MOU on environmental protection

• India and Finland signed an MoU for developing cooperation in the field of Environment protection and biodiversity conservation. The MoU was signed by Environment Minister Prakash Javadekar from the Indian side and his Finnish counterpart Krista Mikkonen through video-mode.

• Further, advance Indian and Finnish partnership and strengthen technological, scientific and management capabilities and develop bilateral cooperation in the field of environmental protection and biodiversity conservation

• Support, exchange best practices in areas like prevention of air and water pollution, waste management, and promotion of circular economy.

BOOKS AND AUTHORS

A book titled ‘Future of Regional Cooperation in Asia and the Pacific’ by ADB

• The Asian Development Bank (ADB) has released a new book titled ‘Future of Regional Cooperation in Asia and the Pacific’.

• The book provides insight on how stronger regional cooperation strategies, including in health, trade, finance, and disaster risk, can help governments in Asia and the Pacific accelerate economic growth and robust recovery from the C-19 pandemic. It also explores opportunities for economies in the region to work together to recover and rebuild from the C-19 pandemic.

Tags: Railway (NTPC), SSC, RRB
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