Current Affairs

12 September, 2020

International

MoS Santosh Kumar Gangwar Attended Virtual Meeting of G-20 Labour and Employment Ministers

Santosh Kumar Gangwar, Minister of State (Independent Charge- I/C) of Labour and
Employment attended the G-20 Labour and Employment Ministers meeting . The virtual
meeting was held to discuss recent developments of the economic and labour market
globally.Discussion was also made about COVID-19 and its impact. The declaration also
lists the measures to ease the impact of COVID-19 on the labour market while discussing
the efforts of the Saudi Presidency in developing the G20 Youth Roadmap 2025.
About G20:
Presidency 2020– Saudi Arabia( Italian Presidency in 2021)
Members– European Union (EU) and 19 countries including India

India slips 26 spots to 105th position on 2020 Economic Freedom Index: Fraser Institute Report

India took the 105th position in the 24th Edition of Economic Freedom of the World:
2020 Annual Report by Canada’s Fraser Institute, which has been released in India in
conjunction with Center for Civil Society, New Delhi-based think tank. The report is copublished
by CATO Institute(America) with more than 70 think tanks around the world.
This is the 24th edition of Economic Freedom of the World.The report is based on 2018
data. Hong Kong topped the Index with a score of 8.94, followed by Singapore (8.65) and
New Zealand (8.53). This year’s publication ranks 162 countries and territories for 2018.

Union Minister Prahlad Singh Patel participates in the 17th SCO Culture Ministers Meeting

Union Minister of State (MoS) (Independent Charge), Prahlad Singh Patel virtually
participated in the 17th Shanghai Cooperation Organization (SCO) Culture Ministers
meeting.
India supports proposal of declaring 2021 as Year of Culture:
The year 2021 will mark the 20th Anniversary year of the founding of SCO. India supported
the proposal of declaring 2021 as the Year of Culture of SCO to celebrate the
Anniversary.
About Shanghai Cooperation Organization (SCO):
Secretary General – Vladimir Norov (Uzbekistan)
Headquarters – Beijing, China
About Sahitya Academy
President – Chandrashekhara Kambara
Headquarters – New Delhi

73rd session of WHO South East Asia Region held Virtually

73rd session of WHO (World Health Organization) South East Asia Region (SEAR) was
hosted virtually by Thailand from Bangkok under the Chairmanship of Mr. Anutin
Charnvirakul, Deputy Prime Minister and Minister of Health, Thailand .Indian side was
represented by Union Minister Dr. Harsh Vardhan, Minister for Health and Family Welfare
(MoHFW) along with Sh. Ashwini Kumar Choubey, Minister of State for Health and Family
Welfare. Dr. Poonam Khetrapal Singh, Director WHO SEAR.
About WHO South East Asia Region (SEAR):
Headquarter– New Delhi
Members– 11 nations: Bangladesh, Bhutan, Korea, India, Indonesia, Maldives, Myanmar,
Nepal, Sri Lanka, Thailand, and Timor-Leste

National

India’s ‘Largest Piggery Mission’ launched in Meghalaya

The state government of Meghalaya launched India’s Biggest Piggery Project with an outlay
of Rs 209 Crores. It is being launched under the aegis of Meghalaya Livestock Enterprises
Advancement Society (MLEADS) and funded by the National Cooperative Development
Corporation (NCDC).
The main objective of the Piggery Mission is to reduce the annual import of Pork worth Rs
150 Crore and make Meghalaya self-sufficient in Pork production over the next 3 years.

13th Edition of Aero India-21 to be held at Yelahanka Air Force Station, Bengaluru, Karnataka

The 13th Edition of Aero India-21 will be held at Yelahanka Air Force Base, Bengaluru,
Karnataka from February 3rd-7th, 2021. Defence Minister Rajnath Singh launched the Aero
India 2021 website at New Delhi, marking it open for space-bookings. The website will be a
contactless online interface and will host all online services related to the event for both the
exhibitors and visitors

Five Rafale Aircrafts inducted into ‘Golden Arrows’ Squadron of Indian Air Force

The Five Rafale Aircrafts which arrived in India on July 29, 2020 were formally inducted into
the Indian Air Force at a function held at Air Force Station, Ambala (Haryana). They were
inducted into the Indian Air Force’s 17 Squadron ‘Golden Arrows’.
About France:
President – Emmanuel Macron
Capital – Paris
Currency – Euro

India Post launches Five Star Villages Scheme to ensure 100% rural coverage of postal schemes

In order to ensure universal coverage of flagship postal schemes in rural areas, on
September 10, 2020, Union Minister of State for Communications, Sanjay Shamrao
Dhotre has launched a scheme namely “Five Star Villages” along with Department of
Post.
The project is initially being launched in Maharashtra and based upon the progress of the
scheme, it will be implemented across the country.

Economy

SBI to Launch ‘SAFAL’, a Loan product for Organic Cotton Growers

C.S. Setty, Managing Director(MD) of State Bank of India(SBI) informed that SBI will launch
a loan product called SAFAL(Safe and Fast Agriculture Loan) during a Fintech conference
organised by Federation of Indian Chambers of Commerce and Industry (FICCI). SAFAL is
primarily focused on organic cotton growers who do not have any credit history.

ICICI Bank Launched “iStartup 2.0”, a Comprehensive Banking Programme for Startups

ICICI Bank launched its comprehensive banking programme for the Startups
named “iStartup 2.0” which will support the requirements of the startups like regulatory
assistance, analytics, staffing, acquisition and digital outreach of customers.

ADB, ENGIE inked Rs 466-cr loan agreement for developing Raghanesda Solar Project in Gujarat

As a part of Asian Development Bank’s (ADB) ongoing support to India’s renewable energy
sector, a long term loan agreement of Rs 4.66 billion (about $65.5 million) was inked
between ADB and the ENGIE group to construct and operate a 200-megawatt alternating
current solar photovoltaic-based power plant at Raghanesda Solar Park in Gujarat. Electro
Solaire Private Limited (ESPL), a special purpose vehicle owned by ENGIE, is collaborating
with the Gujarat Government for its construction and has signed a power purchase
agreement for 25 years with the state government.

Sports

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Miscellaneous

Florida University Research Team Discovered the Explosion of ‘Supernova LSQ14fmg’

A 37-member international research team led by Eric Hsiao, Assistant Professor of Physics
in Florida State University (FSU) discovered that an unusual supernova,
called Supernova LSQ14fmgwas exploding. It was located one -hundred million light-years
away from Earth. It is known as Type Ia supernova, and more particularly, a member of the
‘super-Chandrasekhar’ group. The research was published in ‘The Astrophysical Journal’.
About United States of America(USA):
Florida is a state in USA
Capital– Washington, D.C.
Currency– Dollar

Ministry of Finance Formed Expert Panel Headed by Rajiv Mehrishi to Assess Impacts of Waiving Loan Moratorium

The Ministry of Finance formed a three-member expert panel headed by Rajiv Mehrishi,
former comptroller and Auditor General of India to assess the impacts of the waiver of
interest on the moratorium loans offered to the COVID-19 affected borrowers which ended
on 31st August 2020.The RBI allowed the banks to offer a three months’ moratorium on the
principal and interest payments from 1st March 2020 to support the borrowers affected due
to the COVID-19 pandemic.

West Bengal Government wins the WSIS Winner Prize 2020 for Sabooj Sathi Project: 8th Edition of WSIS Prizes Contest

In the 8th Edition World Summit on the Information Society (WSIS) prize contents, Sabooj
Sathi online 3.0 project of West Bengal Government won the
WSIS Winner Prize 2020 under the E-governmentcategory.
WSIS handed over the winner prize 2020 to S K Thade, principal secretary of the Backward
Classes Welfare Department, government of West Bengal

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