Current Affairs

11 December, 2020


Defence Minister, Rajnath Singh participates in the 14th ADMM/7th ADMM Plus Meeting 2020 held virtually

Union Minister of Defence, Rajnath Singh attended the 14th ADMM-Plus Meeting (ASEAN (Association of Southeast Asian Nations) Defence Ministers’ Meeting)/7th ADMM Plus Meeting 2020 held virtually at Hanoi, Vietnam. The meeting was held on the 10th Anniversary of ADMM-Plus. The meeting was hosted by Vietnam.
i.ADMM Plus is an annual meeting of Defence Ministers of 10 ASEAN Countries and its 8 partner countries.
ii.Defence Minister, Rajnath Singh was granted the privilege of addressing the session as a special gesture towards India’s contribution towards the forum.
iii.Rajnath Singh welcomed Brunei Darussalam as the new Chair of ASEAN in 2021.
About Association of Southeast Asian Nations (ASEAN):
2020 Chairmanship– Vietnam
Secretariat – Jakarta, Indonesia
Secretary General– Dato Lim Jock Hoi
Membership– 10 States ― Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. 1 Observer – Papua New Guinea

Global CO2 Emissions expected to fall by 7% in 2020 due to Pandemic: UNEP’s Emission Gap Report 2020

According to 11th Edition of Emissions Gap Report 2020 (Annual report) released by United Nations Environment Programme (UNEP), The Global CO2 (Carbon Dioxide) Emissions are set to fall by 7% in 2020 owing to Pandemic. The report states that emissions of the richest 1% of the Global Population (Countries like United States of America (USA), European Union (EU), Australia and New Zealand) account for more than twice of the share of poorest 50% of countries.
About United Nations Environment Programme (UNEP):
Executive Director – Inger Andersen
Headquarters – Nairobi, Kenya


NE states, UP, Bihar top in pandemic management: SBI Study

According to a study conducted by State Bank of India (SBI) Research, North-Eastern (NE) states(All NE states combined as one) topped the list of states in managing Pandemic, Bihar came second, followed by Uttar Pradesh. Rajasthan, Maharashtra and Himachal Pradesh were placed at the bottom. Soumya Kanti Ghosh, SBI Group Chief Economic Advisor was the author of the report. They were ranked based on 2 parameters– i.macro (Fiscal deficit) & Consumer Price Inflation, ii.5 performance of states on Central Government Schemes (one nation one ration card, PM Svanidhi, PM Samman, emergency credit linked guarantee scheme and PM Awas Yojana).

IIT Bombay Released Urban Quality of Life Index 2020; Mumbai Tops, Patna Ranked Last

i.Indian Institute of Technology Bombay (IIT-B) released the Urban Quality of Life (UQoL) Index 2020, which ranked 14 Indian cities in India using 29 indicators grouped into 7 categories.
ii.In accordance to this, Mumbai(Maharashtra) tops the index followed by Delhi, Kolkata (West Bengal) and Chennai (Tamil Nadu) by providing Highest Quality of Life while Bihar’s capital city Patna provides poorest quality of life to its people.
iii.Notably, this is for the first time the index has considered the factor of gender parity under which Chennai is named as the most women-friendly city while Patna stood last.
About Indian Institute of Technology Bombay (IIT-B):
Establishment– 1958 (In 1961 Parliament decreed the IITs as “Institutes of National Importance”)
Director– Subhasis Chaudhuri
Headquarter– Mumbai, Maharashtra


IRDAI proposes a cap of Rs 1 cr in draft norms on Standard Accident Insurance Policies

Insurance Regulatory and Development Authority of India (IRDAI) issued draft guidelines on standard personal accident insurance policies. Under them, the insurance watchdog has recommended that all general and standalone health insurers will have to offer this product from April 1, 2021.It will be offered on an individual basis and act as a standard product with common coverage across the sector.
About Insurance Regulatory and Development Authority of India (IRDAI):
Establishment– 1999 (Incorporated as a statutory body in April, 2000)
Chairman– Subhash Chandra Khuntia
Headquarter– Hyderabad, Telangana

Max Life Launches ‘Max Life Critical Illness and Disability Rider’, a Health Insurance Rider and ‘Max Fit’, a Wellness App

i.Max Life Insurance Company Limited launched ‘Max Life Critical Illness and Disability Rider’ is a health insurance rider that offers customers protection from upto 64 critical illnesses.
ii.The company also launched ‘Max Fit’ , a comprehensive wellness programme(app).
iii.Purpose of Launch

RBL Bank & ICICI Prudential Life Insurance Enters into a Bancassurance Partnership to Offer Life Insurance Products

.RBL Bank Ltd & ICICI Prudential Life Insurance Ltd entered into a bancassurance partnership to offer a range of life insurance products, i.e., protection and long-term savings products of ICICI Prudential Life to the customers of RBL Bank.
ii.This partnership will allow more than 8.7 million customers of RBL Bank to access and purchase ICICI Prudential Life’s customer-centric protection and long-term savings products.
About RBL Bank Ltd:
Incorporated in – 1943 under the Indian Companies Act, 1913
Managing Director (MD) and Chief Executive Officer (CEO)– Vishwavir Ahuja
Headquarters– Mumbai, Maharashtra
Tagline– Apno Ka Bank
The bank’s name was changed from ‘The Ratnakar Bank Limited’ to ‘RBL Bank Limited’ in August 2014.
About ICICI Prudential Life Insurance Ltd:
It is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited.
Commenced Operations– 2001
HeadOffice– Mumbai, Maharashtra
MD & CEO– N S Kannan


Sri Lanka to host 2021 Edition of Asia Cup Cricket Tournament; Pakistan to host 2022 Edition of Asia Cup

Pakistan Cricket Board (PCB) Chief Executive Officer (CEO), Wasim Khan stated that Sri Lankawill host the 2021 Edition of Asia Cup, Cricket tournament and Pakistan will host the 2022 Edition of Asia Cup, Cricket tournament.
i.In July 2020, Asia Cup’s Governing body, Asia Cricket Council (ACC) announced that the 2020 Edition of Asia Cup was cancelled due to Pandemic.
ii.The 2020 Edition was originally set to be hosted by Pakistan, as it was cancelled Pakistan were awarded to host the 2022 Edition as Compensation.
Asia Cup:
i.Asia Cup is a men’s One Day International (ODI) & Twenty20 International Cricket Tournament.
ii.It is organized by ACC, which has 5 full members – India, Sri Lanka, Pakistan, Bangladesh & Afghanistan.
About Asian Cricket Council (ACC):
President – Nazmul Hassan
Headquarters – Dubai, United Arab Emirates (UAE)


Central Govt Sells Nearly 1 Crore shares of SUUTI’s Stake in Axis Bank; Earns about Rs 600 Crore

The central government, in the last 2 weeks has sold nearly 1 crore shares of Axis Bank worth around Rs 600 crores held through the Specified Undertaking of the Unit Trust of India (SUUTI).
Between November 26 and 27, 2020– Sold 36.25 lakh shares of Axis Bank for Rs 221.47 crore
Between December 2 and 4, 2020– Sold 61.43 lakh shares of Axis Bank for Rs 374.21 crore.

Sheikh Sabah Al-Khalid Al-Sabah reappointed as Prime Minister of Kuwait

Sheikh Sabah Al-Khalid Al-Sabah reappointed as Prime Minister of Kuwait

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