Latest Current Affairs 2020: 15th September 2020

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National Current Affairs 

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• August retail inflation stands at 6.69 percent from 6.73 percent in July.

• The new Banking Regulation (Amendment) Bill, 2020, intended to give the powers to restructure Cooperative Banks to the Reserve Bank of India.

•  My Family, My Responsibility campaign launched by Maharashtra to achieve health care to fight COVID-19.

• Maharashtra Government accords ambulance status to vehicles carrying medical oxygen for one year.

• HIKAI (Hybrid Interactive Knowledge Assimilation Initiative) Online academic classes inaugurated in Meghalaya.

• PM Modi launches seven urban infrastructure projects in Bihar under AMRUT Mission.

• Amitabh Bachchan becomes the voice of Alexa in India.

• Gauri Khan's book 'My Life in Desig' to be released next year.

• TikTok to merge with Oracle, a US based firm.

•  Asian Development Bank predicted Asian Economy to shrink for the first time since 1960s due to pandemic.

• The central government introduced the Assisted Reproductive Technology (Regulation) Bill, 2020, in Lok Sabha, to regulate the fertility treatment practices.

• Central Government to ban onion export from India.

• Telecom Regulatory Authority of India (TRAI) rules out to regulate OTT Communication Apps.

• Cabinet approves establishment of new All India Institute of Medical Sciences (AIIMS) at Darbhanga, Bihar.

• Department of Posts released Postage Stamp on A-SAT: India’s First Anti Satellite Missile.

• Minister of Culture and Minister of Tourism of India, Prahlad Singh Patel inaugurates Sangeet Sandhya.

• Book titled The End of an Era; India Exits Tibet authored by Claude Arpi.

• Google announces Verified Calls to identify genuine callers, reason for calling.

• IIM Kozhikode launched 'Veli Band' a wearable gadget.

• Union Minister Dr. Jitendra Singh lays foundation stone online of Arun Jaitley 

• Memorial Sports Complex at Hiranagar, in Kathua district of Jammu & Kashmir.

• Indian Institute of Technology Roorkee (IIT-R) signed MoU with Odisha University of Agriculture and Technology (OUAT), Bhubaneshwar in agriculture research and education.

• International Financial Services Centre Authority (IFSCA) and India Gold Policy Centre (IGPC) – IIMA signed a Memorandum of Understanding (MoU) at the IFSCA, GIFT City Gandhinagar, Gujarat to provide consulting facilities to the establishment of International Bullion Exchange in India.

INTERNATIONAL Affairs

• Undersecretary-  General of United Nations (UN) Jean-Pierre Lacroix, announced Eight challenges for the future operations to help sustain peacekeeping mission.

                                            BANKING, ECONOMIC & FINANCE News

• ICICI Lombard General Insurance Company Ltd entered into a bancassurance tie-up with Yes Bank for selling its insurance products.

• Infosys to acquire Europe-based GuideVision for Euro 30 million.

• Wipro to provide support to Intel.

• Youtube started testing YouTube Short a kind of TikTok version.

• S&P Global Ratings slashed its growth forecast for India to (-) 9 per cent in FY21.

AWARDS

• Aditya Puri conferred Lifetime Achievement Award by Euromoney 2020.

OBITUARIES

• Congress leader and former Chhattisgarh Minister Chanesh Ram Rathiya passes away.

APPOINTMENT 

• IAS Officer Sameer Kumar Khare appointed Executive Director at Asian Development Bank (ADB).

• Yoshihide Suga to be the new leader to succeed PM Shinzo Abe.

• Rajesh Khullar appointed as Executive Director, World Bank.

• Sh. TS Tirumurti confirmed India's entry to United Nation's Commission on Status of Women (CSW).

• Janata Dal (United) JDU's MP Harivansh Narayan Singh re-elected as Rajya Sabha Deputy Chairman.

IMPORTANT DAYS

• September 15: International Day of Democracy.

• September 15:National Engineer's Day. India celebrated Engineer's Day to mark the 

• Birth Anniversary of the renowned Indian Engineer Bharat Ratna Mokshagundam Viseswaraya.

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Source: Daily Newspaper, PIB, etc.

Latest Current Affairs 2020: 14th September 2020

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        Get the latest current affairs for your examination at one place. Keep reading and keep revising.

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Austria's Dominic Thiem (Image Source: Google Images.)

 National Current Affairs 

• PM Narendra Modi dedicated three Petroleum sector projects in Bihar to nation.

• Road Transport and Highways Ministry implementing iRAD App (Integrated Road Accident Database).

• Researchers from Agharkar Research Institute (ARI) have found that the methane hydrate deposits are located in the Krishna-Godavari (KG) basin are of biogenic origin.

• Chemicals and Fertilizers Minister D V Sadananda Gowda said India will be self reliant in production of fertilizers by 2023.

• Jammu & Kashmir LG Manoj Sinha, announced Rs. 5 Lakh annual health insurance for residents at the annual cost of Rs. 123 crore.

• Sree Chitra Tirunal Institute for Medical Sciences and Technology, Trivandrum (SCTIMST), develops device for prevention of Deep Vein Thrombosis.

• Department of Agriculture found that fraudsters duped crores of rupees under PM-KISAN Nidhi Scheme.

• Madhya Kshetra Vidyut Vitran Company Bhopal is the first power distribution company to adopt e-office in India.

•  A  Research lab of Defence Research and Development Organisation  to be opened in Kailaras-Jaura region, Morena district in Madhya Pradesh.

• Living Planet Report 2020 released by World Wide Fund for Nature.

• Uttar Pradesh government is going to constitute a Special Security Force (SSF) in the state. On the lines of the Central Industrial Security Force, It will be responsible for security of vital government and private buildings, and industrial establishments.

• The Vice President of India, Shri M. Venkaiah Naidu calls for according equal respect to all Indian languages.

• Rice procurement estimated at 495.37 LMT for Kharif Crop Season of 2020-21.

• National Institute of Mental Health and Neuro Sciences (NIMHANS) Bangalore, has developed Indian Brain Templates (IBT) and a brain atlas.

BANKING, ECONOMIC & FINANCE News

• Liberty General Insurance and SpiceJet to offer travel insurance to the customers.

• HCL Technologies partners with NVIDIA Partner Network to expand opportunities in AI.

AWARDS 

• Filmmaker Chaitanya Tamhane’s ‘The Disciple’ won the Best Screenplay award at Venice International Film Festival.

OBITUARIES

• India-born renowned Pakistani Shia scholar Allama Zameer Akhtar Naqvi passes away.

IMPORTANT DAYS

• September 12: Hindi Diwas or Hindi Day is celebrated. Article 343 Hindi is official language of India.

• January 10: World Hindi Day is celebrated.

SPORTS Current Affairs

• Austria's Dominic Thiem became 2nd Grand Slam single champion with US Open triumph. Domnic Theim beats Alexander Zverev to win men’s singles title.

• Lewis Hamilton (Mercedes-Great Britain) wins F1 Tuscan Grand Prix 2020.

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Source: Daily Newspaper, PIB, etc.

Latest Current Affairs 2020: 13th September 2020

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Daily Current Affairs and GK Update 13 September 2020 for Banking/Insurance/SSC/UPSC and other related exams.

NATIONAL Current Affairs

                                                           Image Source: www.eci.gov.in

• Election Commission (EC) proposes 10% hike in Poll Campaign expenditure cap. Maximum Limit for Lok Sabha: Rs.70 Lakhs and Assembly: Rs 28 lakhs.

• Odisha Government launched "GARIMA" welfare scheme for sanitation workers to ensure their safety and dignity.

• Parliamentary Panel on Law and Justice said Let Virtual Courts to stay.

• Odisha Government signed MoU with National Co-operative Development Corporation (NCDC) for promotion and Management of Farmer Producer Organisation.

• Ministry of Housing and Urban Affairs launched the Climate Smart Cities Assessment Framework (CSCAF) 2.0, along with the ‘Streets for People Challenge’ under the Smart Cities Mission.

 

• Drugs Controller General of India (DCGI) directed Serum Institute of India (SII) 

          to suspend recruitment for Oxford vaccine trial.

• The Punjab Energy Development Agency (PEDA) in association with Punjab State Government plans to convert stubble into biomass fuel.

• Andhra Pradesh Chief Minister YS Jagan Mohan Reddy launched ‘YSR Aasara’ to “empower women economically and socially”.

• Jammu & Kashmir, LG Manoj Sinha launched a Grievance Redressal System called CPGRAMS (Centralized Public Grievance Redress and Monitoring System).

• Centre constituted an Empowered Group of Ministers (EGoM), for the corporatization of Ordnance Factory Board (OFB) headed by Defence Minister Rajnath Singh.

• India's first Coronavirus airport testing facility launched in Delhi at T-3.

• Road and Transport and Highways Minister Nitin Gadkari approved proposal to construct Munger-Bhagalpur-Tirpety-Kahalgaon concrete road on NH80 in Bihar.

INTERNATIONAL Current Affairs

• Liberian President George Weah declared Rape in Liberia a national emergency.

• Next spacecraft carrying supplies to International Space Station to be named SS Kalpana Chawla.

• UK signs post-Brexit trade deal with Japan.

• Typhoon Haishen nears Japan.

BANKING, ECONOMY, and FINANCE Current Affairs

• Razorpay launched 'Cash Advance' to  rescue MSMEs.

• IIT-Guwahati in collaboration with Workspace Metal Solutions Pvt. Limited develops Self Check Kiosk.

• The Asian Development Bank (ADB) and Suguma Foods signed a pact for $15 million debt financing, to help sustain poultry farming operations and rural livelihoods.

• The Asian Development Bank (ADB) and France's ENGIE Group signed Rs 466 crore loan for setting up a 200-MW solar project in Gujarat.

• Microsoft joins Nasscom  with FutureSkills to skill 10 lakh students in Artificial Intelligence by 2021.

• Bank of India launched 'Singapore Visa Debit Card' for High Net Worth Individuals.

• State Bank of India modernized payments infrastructure with ACI Worldwide Technology.

• 10.4% Contraction in July Factory Output: IIP (Index of Industrial Production) National Statistical Office (NSO) reported.

• Securities and Exchange Board of India (SEBI) has imposed some limits on multi-cap funds, now multi  cap fund will be required to invest a minimum of 75% of total assets in equities from 65% earlier.

• The Employees' Provident Fund Organisation (EPFO) increased Deposit Linked benefits to up to Rs. 7 lakh from Rs. 6 lakh.

• The Union Cabinet approved Foreign Direct Investment (FDI) through Automatic approval in Defence Sector to 74% from 49%.

AWARDS Current Affairs

• Department for Promotion of Industry and Internal Trade (DPIIT) announced states' startup ranking list Gujarat gets the best performer, Karnataka and Kerala are top performers. 

• UK Magazine Prospect named Kerala Health Minister KK Shailaja as World's 'Top Thinker' for COVID-19

• West Bengal govt wins World Summit on the Information Society (WSIS) award 2020 for its Sabuj Sathi scheme in WSIS Price Contest.

OBITUARIES

• Former Union Minister Raghuvansh Prasad Singh, who recently resigned from RJD (Rashtriya Janata Dal), passes away in New Delhi.

IMPORTANT DAYS

• September 9: International Day to Protect Education from Attack.

• September 9: Himalyan Day 2020. Theme - 'Himalayas and Nature'.

• September 12: World First Aid Day (Celebrated on the second Saturday of September). The was started by the International Federation of Red Cross and Red Crescent Socities (IFRC)

SPORTS Current Affairs

• Naomi Osaka of Japan wins her 2nd US Open title in 3 years.

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Source: Daily Newspaper.

Latest Current Affairs 2020 : 12th September, 2020

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      Here we present one-liner latest current affairs 2020 for the upcoming examination. Current affairs play an important part in cracking any examination so stay tuned to Exam Together and keep revising things. For previous current affairs compilation  Click Here

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• RBI new guidelines for uniform compliance at a bank with CCO

The Reserve Bank of India (RBI) came up with new guidelines for the appointment of Chief Compliance Officer (CCO) in banks to ensure effective compliance culture, independent corporate compliance function, and a strong compliance risk management programme at bank and group level.

The CCO shall be appointed for a minimum fixed tenure of not less than 3 years. The CCO shall be a senior executive of the bank, preferably in the rank of a General Manager or an equivalent position (not below two levels from the CEO). The CCO could also be recruited from market.

The central bank further said that there shall not be any ‘dual hatting’, which means the CCO shall not be given any responsibility which brings elements of conflict of interest, especially the role relating to the business.

 The compliance function shall be subject to internal audit.

The Reserve Bank of India was established on April 1, 1935. Headquartered in Mumbai. RBI was established in accordance with the provisions of the Reserve Bank of India Act, 1934. Reserve Bank of India was initially established in Kolkata but was permanently moved to Mumbai in 1937. In 1949 RBI was nationalized.

Present Governor of RBI: Shri Shaktikanta Das.

 

• India ranked 105th in Economic Freedom of the World Report 2020

  
  

  

                                              Image Source: Fraser Institute
  

  
  

  
  

  Recently Canada's Fraser Institute released The Economic Freedom of the World Report 2020, in which India slips 26 spots to the 105th position. The country was at the 79th spot in last year's rankings.

  
  

  China has been ranked lower than India at the 124th position. Hong Kong and Singapore retain the top two positions with a score of 8.94 and 8.65 out of 10, respectively.

  
  

  Since the first publication in 1996, numerous studies have used the data published in Economic Freedom of the World to examine the impact of economic freedom on investment, economic growth, income levels, and poverty rates. This report helps to measure economic freedom in an economy.

  
  

  India reported a marginal decrease in the size of government from 8.22 to 7.16.

  A score closer to 10 indicates a higher level of economic freedom.

  
  
  
  

                                                             Daily GK Update

1. India to host Council of Heads of Government (CHG) of Shanghai Cooperation Organisation in New Delhi.
2. Citigroup named Jane Fraser as first woman CEO replacing Michael Corbat.
3. Poshan Mela organised at Tai suru by Integrated Child Development Services (ICDS).
4. PM Modi inaugurated Pradhan Mantri Awaas  Yojana through a programme called "Grih Pravesh"
5. 13th edition of Aero India-21 to be held at AFS, Yelahanka, Bengaluru.
6. Meghalaya state government launched India's largest "Piggery Mission" to reduce the annual import of pork Rs 150 crores.
7. India ranked 105th in Economic Freedom of the World Report 2020, released by Cananda's Fraser Institute.
8. 12 September: International Day for South-South Cooperation. The day celebrates the developments made in the regions and countries in the south.
9. UNICEF'S appointed Ayushman Khurrana as Celebrity Advocate in India
10. SEBI shortlists Wipro, Airtel, and others to revamp its IT infrastructure.
11. India to host Council of Heads of Government (CHG) of Shanghai Cooperation Organisation in New Delhi.
12. Subhash Kamath elected as chairman of Advertising Standards Council of India (ASCI)
13. British Actress Diana Rigg passes away.
14. Asian Development Bank approved $50 million loan to Bangladesh.
15. Iran's military begins exercise Zolfaghar-99 in the Sea of Oman.
16. Heritage Tourism policy announced by Gujarat state government.
17. Moody's projected Indian Economy GDP to shrink 11.5% in FY21
18. Swami Agnivesh, Arya Samaj leader passes away.
19. Jammu & Kashmir residents to get free health insurance.

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Current Affairs 11th September 2020: Click Here

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CCI approved acquisition of 20% stake of Piramal Pharma Limited by CA Clover Investments

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CCI approved acquisition of 20% stake of Piramal Pharma Limited by CA Clover Investments

The Competition Commission of India (CCI) approves proposed acquisition of 20 percent of the issued and paid-up equity share capital of the Piramal Pharma Limited by CA Clover Intermediate II Investments (Curie)

The transfer of equity stake will take place through the Group's Special purpose vehicle Curie, Curie is a special purpose acquisition vehicle, owned and controlled by investment funds advised by the affiliates of the Carlyle Group Inc. (“Carlyle Group”).

Carlyle will pick up 20 percent stake in Piramal Enterprises subsidiary Piramal Pharma for $490 million (Rs. 3,700 crores)

The Carlyle Group is a global alternative asset manager whose affiliated investment funds own and control Curie.

The Piramal Group was founded in 1984. Headquartered in Mumbai. Ajay Piramal is the chairman of the Piramal Group.