Current Affairs

11 November, 2020


Nirmala Sitharaman Attended 1st BRICS Finance Ministers and Central Bank Governors Meeting Virtually

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman virtually participated in the 1st BRICS (Brazil, Russia, India, China, South Africa) Finance Ministers and Central Bank Governors (FMCBG) meeting under the Chairmanship of Russia. Agenda: To discuss the outcomes of G20 (Group of Twenty) Saudi Presidency in 2020, a digital platform to encourage infrastructure investments and expansion of the membership of the New Development Bank (NDB).

UK’s Lord Gerry Grimstonelaunched UKIBC’s ‘Doing Business in India Report 2020’; Maharashtra Showed max incremental improvement

The 6th edition of United Kingdom India Business Council’s (UKIBC) Doing Business in India Report 2020 titled “Doing Business in India: The UK Perspective” was virtually launched by the UK Investment Minister Lord Gerry Grimstoneat a roundtable with Indian industrialists during his virtual visit to India.In accordance to the report, 66% of the surveyed UK businesses found easier to do business in India due to progressive reforms and improvements in components such as the availability of support and service providers, skilled labour, and supply chain.
About United Kingdom India Business Council’s (UKIBC):
Chair– Richard Heald
Group Chief Executive Officer (CEO)– Jayant Krishna
Headquarter– London, UK


Rajasthan Government signs MoU with NTPC, SECI to setup 8000 MW Renewable park to illuminate India-Pakistan Border

Rajasthan Government has signed a Memorandum of Understanding (MoU) with National Thermal Power Corporation (NTPC) and Solar Energy Corporation of India (SECI) to establish Ultra Mega Renewal Energy Power Parkto illuminate India’s border areas with Pakistan in Rajasthan.
The park will be of 8, 000 MegaWatts (MW) capacity, and will comprise of 4, 310 MW of Wind Energy, 3, 760 of Solar Energy and 120 MW of Power from Biomass.
About Rajasthan:
Fair/Festivals – Camel Festival, Kite Festival, Braj Holi, Pushkar Fair
Folk Dance – Ghoomar Folk Dance, Kalbelia Folk Dance, Bhavai Folk Dance, Chari Folk Dance, Kathputli Folk Dance

Govt plans to Set Up 14 More Water Aerodromes for Seaplane Services Under RCS UDAN Scheme

The Government of India plans to set up 14 more aerodromes across India under the Regional Connectivity Scheme(RCS) UDAN (Ude Desh ka Aam Naagrik) of Ministry of Civil Aviation. This follows the launch of the maiden seaplane service between the Statue of Unity in Kevadiya of Narmada Gujarat and Sabarmati Riverfront in Ahmedabad. These 14 aerodromes will enable seaplane services on multiple routes which includes, lakshadweep, Andaman and Nicobar, Assam, Maharashtra and Uttarakhand.
About Ministry of Civil Aviation:
Union Minister– Hardeep Singh Puri
About Airport Authority of India(AAI):
Chairman- Arvind Singh
Headquarters– New Delhi

Labour Ministry notifies Draft rules for Industrial Relations Code, aims for April 2021 implementation

The Ministry of Labour and Employment notified the draft rules for the Industrial Relations Code, 2020 in the Official Gazette of India on September 29, 2020.The ministry sought comments from various stakeholders within 30 days for finalizing the rules. Government aims to implement the four labour codes from April 1, 2021.
Changes to be made:
i.Establishments with 300 or more workers need to seek government approval for lay-offs 15 days prior to the intended action. The earlier limit was 100 employees.
ii.Moreover, for retrenchment and closure the establishments would have to seek permission 60 daya and 90 days in advance respectively.
About Ministry of Labour & Employment:
Minister of State (MoS) (Independent Charge) – Santosh Kumar Gangwar
Headquarters – New Delhi

15th FC led by NK-Singh Submitted its 5yr Report for 2021-26 to President, Ram Nath Kovind; Centre released Rs 2,200 cr for 42 cities to improve air quality

Fifteenth Finance Commission (XVFC) led by Chairman Nand Kishore (NK) Singh submitted its Report titled “Finance Commission in Covid Time” for the period of five years from 2021-22 to 2025-26 to the President of India Ram Nath Kovind. The cover of the report has a figure of scales indicating the balance between the States and the Union.According to the XVFC’s terms of reference (ToR) set by the President, the commission has examined and recommended the devolution of funds between the Centre and the States for a five years period along with wide-ranging recommendations in different sectors.
About Fifteenth Finance Commission (XVFC):
The Fifteenth Finance Commission was constituted by the President of India on November 27, 2017 in pursuance of clause (1) of Article 280 of the Constitution and Finance Commission (Miscellaneous Provisions) Act, 1951.


Edelweiss Tokio Life Insurance Launches ‘Covid Shield+’, India’s First Individual Covid-19 Life Insurance Policy

Edelweiss Tokio Life Insurance Company Limited launched, ‘Covid Shield+’, India’s First Individual Covid-19 Life Insurance Policy. The comprehensive solution provides financial protection against the impact of COVID-19 diagnosis.
About Edelweiss Tokio Life Insurance Company Limited:
Managing Director(MD) and Chief Executive Officer(CEO)– Mr. Sumit Rai
HeadQuarters– Mumbai, Maharashtra
Established– 2011

Karnataka Bank Launches its 1st Contactless, RuPay Debit Card, ‘National Common Mobility Debit Card’

In accordance with the vision of the Ministry of Housing and Urban Affairs (MoHUA),Karnataka Bank Limited launched a new indigenous RuPay debit card- National Common Mobility Card(NCMC).This card is the bank’s 1st ever contactless debit Card.
About Karnataka Bank Limited:
Headquarters– Mangaluru(Mangalore), Karnataka
Managing Director(MD) & Chief Executive Officer(CEO)– Mahabaleshwara M.S.
Incorporated– February 18th, 1924
Tagline– ‘Your Family Bank Across India’


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Tamil Nadu Won the Best State at 2nd National Water Award 2019 for Water Management

Tamil Nadu won first place in the Union ministry of Jal Shakti’s 2nd National Water Awards for 2019 under the best state (normal) category for the conservation and management of water.K Manivasan, PWD Secretary will receive the Best State Award on behalf of Tamil Nadu Government.The Awards will be presented during the 2-day virtual ceremony on 11th and 12th November 2020.
About Tamil Nadu:
Tiger Reserve– Anamalai Tiger Reserve, Mudumalai Tiger Reserve, Sathyamangalam Tiger Reserve, Kalakad Mundanthurai Tiger Reserve
Nuclear & Atomic Power Plant– Kudankulam Nuclear Power Plant & Madras Atomic Power Station

Dr Satish Mishra from CSIR-CDRI won the Dr. Tulsi Das Chugh Award 2020

National Academy of Medical Sciences(NAMS)(India) announced that Dr Satish Mishra the Principal Scientist of the Division of Molecular Parasitology and Immunology at Council of Scientific and Industrial Research – Central Drug Research Institute (CSIR-CDRI), Lucknow has won the “Dr. Tulsi Das Chugh Award 2020” for his research work on the life cycle of Malaria Parasite which involves two hosts and 3 invasive stages.
About Dr. Tulsi Das Chugh Award:
i.Dr. Tulsi Das Chugh Award was instituted by Dr. T.D. Chugh, FAMS in 2018 to recognise the best published work in the field of Infectious Diseases which includes, epidemiology, pathogenesis, Translational studies on clinical development of modalities for prevention, control and treatment.
ii.The award comprises a Scroll, a commemorative medal and Cash incentive.
About National Academy of Medical Sciences(NAMS) (India):
President– Dr. Saroj Chooramani Gopal
Headquarters– New Delhi

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