Current Affairs

7 December, 2020

International

MoS for Home Affairs, Nityanand Rai Virtually addressed 4th South Asia Forum on SDGs 2020;Organized by UNESCAP & Govt of Maldives

i.UNESCAP (United Nations Economic and Social Commission for Asia and the Pacific) South Asia and Pacific & Government of Maldives organized 4th South Asian Forum of Sustainable Development Goal (SDG) 2020 virtually.During the Forum, a special dialogue on disaster and climate resilience in South Asia was also organized.
ii.The Forum was jointly organized by UNESCAP and Ministry of National, Planning, Housing & Infrastructure, Government of Maldives.
iii.It was virtually addressed by Minister of State (MoS) Nityanand Rai, Ministry of Home Affairs (MHA).
iv.Objective of Dialogue: To identify the opportunities to overcome the challenges of disaster and public health risk management.
About Ministry of Home Affairs (MHA):
Union Minister – Amit Anilchandra Shah
Minister of State (MoS) – Gangapuram Kishan Reddy, Nityanand Rai

Low-Paid Workers, Women most impacted due to Wage Gaps created by COVID-19: ILO Report 2020-21

According to “Global Wage Report 2020-21: Wages and minimum wages in the time of COVID-19” released by International Labour Organization (ILO), Women and Lower-paid workers were impacted the most due to decrease in wages because of reduced working hours during the COVID-19 crisis.
The report is the 7th in the series of 2020’s ILO Global Wage Report, it provides evidence of the effects of the crisis on wages in different countries due to Pandemic.
i.Global Wage Growth changed between 1.6% and 2.2% during the four years (2016-19) before the pandemic.
ii.Impact of the crisis was different for women and men, Women workers in few European countries faced 8.1% reduction in wages compared to 5.4% for men.
iii.Sectors which were hit hardly due to the pandemic are – Wholesale and retail trade, accommodation and food services.
iv.Individuals in lower-skilled occupations lost more working hours than individuals working in higher-paying managerial and professional jobs.
v.The wages of Formal Workers have been cut by3.6% in India, while wages of informal workers experienced a fall in wages of around 22.6%. It also highlighted the Code on Wages Bill passed by India in August, 2019 to extend minimum wage coverage.
About International Labour Organization (ILO):
Director General – Guy Ryder
Headquarters – Geneva, Switzerland

National

India, US signs MoU on Intellectual Property Cooperation

India’s Department for Promotion of Industry and Internal Trade (DPIIT) and the United States Patent and Trademark Office (USPTO) signed a Memorandum of Understanding (MoU) to increase cooperation between India and the US on Intellectual Property (IP).MoU was signed by Dr. Guruprasad Mohapatra, Secretary, DPIIT on behalf of India and Mr. Andrei Iancu, Under Secretary of Commerce for Intellectual Property & Director, United States Patent and Trademark Office (USPTO) on behalf of US.
About the USA:
President- Donald Trump
President Elect-Joe Biden
Capital- Washington, D.C

MoS, External Affairs V Muraleedharan addresses the 6th India-CLMV Business Conclave 2020 held virtually

Minister of State, External Affairs V Muraleedharan addressed the 6th India-CLMV (Cambodia, Lao PDR, Myanmar & Vietnam) Business Conclave 2020: “Building Bridges for Constructive Development” held in CII (Confederation of Indian Industry) HIVE, the virtual platform of CII from December 3-4, 2020. The conclave was organised by the CII, in partnership with the Department of Commerce, Ministry of Commerce and Industry, Government of India. Piyush Goyal, Union Minister for Commerce and Industry was the Chief Guest at the event.
About Cambodia:
Prime Minister – Hun Sen
Capital – Phnom Penh
Currency – Riel (KHR)
About Lao PDR:
Prime Minister – Thongloun Sisoulith
Capital – Vientiane
Currency – Kip (LAK)

Economy

HDFC Life launches HDFC Life Click 2 Wealth ULIP Digital Campaign

i. HDFC Life launched HDFC Life Click 2 Wealth ULIP(Unit Linked Insurance Plan) digital campaign.
ii.The campaign focuses on the role of ULIPs as part of a wise financial plan.
iii. The campaign disproves the false myths surrounding the ULIP category.
iv.It also highlights the unique features of HDFC Click 2 Wealth plan, a A Unit Linked, Non-Participating, Life Insurance Plan.
About HDFC Life:
It is formerly called as HDFC Standard Life Insurance Company Limited
Established- 2000
Joint Venture(JV)- HDFC Ltd., and Standard Life Aberdeen
Managing Director (MD) & Chief Executive Officer (CEO)– Vibha Padalkar
Headquarters– Mumbai, Maharashtra
Tagline– Sar utha ke jiyo

Highlights of 6th Bi- Monthly Monetary Policy Committee (MPC) 2020-21: December 2020

i.The 6-member Monetary Policy Committee (MPC) meeting of Reserve Bank of India (RBI) was held from December 2-4, 2020 which was headed by RBI Governor Shaktikanta Das. The members of the committee are Dr. Shashanka Bhide, Dr. Ashima Goyal, Professor Jayanth R. Varma, Dr. Mridul K. Saggar, and Dr. Michael Debabrata Patra. It was the 6th Bi- Monthly MPC meeting.
ii.During the meeting it was projected that the real GDP (Gross Domestic Product) growth will contract at 7.5% in FY21. It is an upgrade in comparison to -9.5% in October MPC review.
iii.GDP growth for Q3FY21 (October-December) is placed at (+)0.1% and (+)0.7% in Q4FY21 (January-March).
iv.Consumer price index (CPI) inflation or retail inflation is projected at 6.8% for Q3FY21, 5.8% for Q4FY21; and 5.2% to 4.6% in H1FY22.
About Reserve Bank of India (RBI):
Headquarters– Mumbai, Maharashtra
Formation– 1 April 1935
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, M. Rajeshwar Rao)

Sports

Japan to host 7-team FIFA Club World Cup in 2021

FIFA (Federation Internationale de Football Association) announced that Japan will host the existing Seven-Team format of FIFA Club World Cup in December, 2021. It will be the 18th Edition of FIFA Club World Cup.
i.The year 2021 will witness 2 FIFA Club World Cup Tournaments – The 2020 Edition FIFA Club World Cup (17th Edition) will be held in Qatar from February 1-11,2021 and the 2021 Edition of FIFA Club World Cup will take place in Japan in December, 2021.
ii.Originally a redeveloped 24-Team Club World Cup was scheduled to take place in China in 2021, it is now scheduled to take place at a later date.
FIFA Rankings:
Men’s Ranking (as of November, 2020) – Belgium (Rank-1), France (Rank-2), India ranked at 104th position.
Women’s Ranking (as of August, 2020) – United States of America (Rank-1), Germany (Rank-2)
About Federation Internationale de Football Association (FIFA):
President– Gianni Infantino
Headquarters– Zurich, Switzerland

New Zealand all-rounder Corey Anderson retires from International Cricket, Joins MLC in US

New Zealand all-rounder Corey Anderson announced retirement from International Cricket and signed a 3-year deal with USA’s Major League Cricket (MLC). Corey Anderson once holded the record for fastest ODI century for his 36 ball hundred against West Indies in 2013.
About Major League Cricket (MLC):
Operated by American Cricket Enterprises, co-founded by the founders of Willow TV & The Times of India Group.
Inaugural session will be played in 2022.
About International Cricket Council (ICC):
Headquarters- Dubai, UAE
Chairman- Greg Barclay
CEO– Manu Sawhney

Miscellaneous

Pixxel signs pact with NSIL to launch India’s 1st Private remote-sensing satellite on PSLV Rocket in 2021

Pixxel, a satellite-imaging startup has signed aone-of-its-kind agreement with NewSpace India Limited (NSIL), Department of Space (DoS) under the Indian National Space Promotion and Authorisation Centre (IN-SPACe) to launch India’s 1st Private remote-sensing satellite on ISRO’s (Indian Space Research Organization) PSLV (Polar Satellite Launch Vehicle) rocket in early 2021. Pixxel’s agreement with NSIL is one of the first since the setting up of IN-SPACe.
About Pixxel:
Chief Executive Officer (CEO) – Awais Ahmed
Location – Bengaluru, Karnataka
Founders – Awais Ahmed & Kshitij Khandelwal
About NewSpace India Limited (NSIL):
Chairman and Managing Director – G Narayanan
Headquarters – Bengaluru, Karnataka
About Department of Space:
It operates under ISRO
Incharge of DoS – Prime Minister (Narendra Modi)
Minister of State in DoS – Dr. Jitendra Singh

Uday Shankar elected as the President of FICCI;Succeeds Sangita Reddy

The Federation of Indian Chambers of Commerce and Industry (FICCI) elected Uday Shankar as its President for the year 2020-21.He will succeed Sangita Reddy.Mr. Shankar is the first person from the media and entertainment industry to lead a national industry chamber like FICCI.
About Federation of Indian Chambers of Commerce and Industry (FICCI):
Created on the advice of Mahatma Gandhi jointly by G. D. Birla and Purshottamdas Thakurdas
Established – 1927.
Headquarter- New Delhi, Delhi

Book Titled,’The Patient Assassin: A True Tale of Massacre, Revenge and the Raj’ Authored by Anita Anand Wins PEN Hessell-Tiltman Prize 2020

The book titled ‘The Patient Assassin: A True Tale of Massacre, Revenge and the Raj’ authored by Journalist Anita Anand, a British Indian wins £2,000 annual PEN Hessell-Tiltman Prize 2020.
Note- PEN stands for Poets, Playwrights, Editors, Essayists, Novelists
About the Book
i.The book is based on the life of Indian revolutionary Udham Singh.
ii.The book portrays the story of a young man caught up in the 1919 Jallianwala Bagh massacre in Amritsar, Punjab.
iii.It was published by Simon & Schuster UK.
About Anita Anand
Apart from being an author and journalist she is a radio and television presenter.
She authored books namely, Sophia: Princess, Suffragette, Revolutionary and, with William Dalrymple, Koh-i-Noor: The History of the World’s Most Infamous Diamond
She won the Nazia Hassan Award for 2005 in the category of Upcoming Television Broadcasters.

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